Jemmy Trade Whales Multiple Signal Options - Nine in One $$$This script is a combination of several indicators and trading strategies.
Let's break down each part:
1. MACD Indicator (My MACD Indicator – Nabil's Version): This calculates the Moving Average Convergence Divergence (MACD) using Heikin Ashi candles. It uses Exponential Moving Averages (EMA) to compute the fast and slow lengths and then calculates the MACD line, signal line, and histogram based on the difference between these EMAs.
2. Smoothed Moving Average (SMMA): This calculates a smoothed moving average using a user-defined length.
3. Least Squares Moving Average (LSMA): This calculates a least squares moving average using a user-defined length.
4. High Low SAR - Nabil's Version: This section calculates various levels based on SAR (Stop and Reverse) indicator. It also plots lines based on certain conditions and includes SAR lines with specific properties.
5. Volume-Weighted Hull Moving Average (VHMA) - Nabil's Version: This calculates a volume-weighted Hull moving average.
6. SAR (Stop and Reverse): This calculates the SAR indicator with user-defined parameters.
7. Mean Reversion Strategy: This part calculates upper and lower bands based on a multiplier of Standard Deviation from a mean. It also generates buy and sell signals based on crossing these bands.
8. SSL Hybrid - Nabil's Version: This calculates various indicators like SSL (Stochastic Scaled Levels), ATR (Average True Range) bands, and Keltner Channels. It also plots buy and sell signals based on certain conditions.
9. Buy Signal Options: This section defines several conditions for generating buy signals based on different combinations of indicators and plots corresponding buy signals.
Each section seems to be relatively independent and focused on calculating specific indicators or trading strategies. The script combines these components to provide a comprehensive trading setup with various buy signal options based on user preferences.
BUY SIGNALS EXPLAINATION:
1. MAIN - Price: This signal triggers when the current candle's close price crosses above the lookback average line (lookbackavg). It indicates a bullish momentum when the price moves above the average line.
2. MAIN - Price - SMMA - LSMA / Crossing: This signal combines multiple conditions:
• The current candle's close price crosses above the lookback average line.
• The smoothed moving average (SMMA) crosses above the lookback average line.
• The least squares moving average (LSMA) crosses above the lookback average line. This signal confirms a bullish trend when all three moving averages cross above the average line simultaneously.
3. MAIN - Price - (SMMA > LSMA) / No Crossing: This signal triggers when the following conditions are met:
• The current candle's close price crosses above the lookback average line.
• The SMMA is above the LSMA. This signal confirms a bullish trend when the SMMA remains consistently above the LSMA without crossing.
4. MAIN - Price - SMMA - LSMA - SAR - SSL / Crossing: This signal combines multiple conditions:
• The current candle's close price, SMMA, and LSMA cross above the lookback average line.
• The SAR (Stop and Reverse) indicator is above the SSL (Stochastic Scaled Levels). This signal indicates a strong bullish momentum when all conditions align.
5. MAIN - Price - (SMMA > LSMA) - SAR - SSL / No Crossing: This signal triggers when the following conditions are met:
• The current candle's close price crosses above the lookback average line.
• The SMMA is consistently above the LSMA.
• The SAR is above the SSL. This signal confirms a bullish trend without any crossing of moving averages.
6. MAIN - Price - SMMA - LSMA - SAR - SSL / Crossing - Coloring: Similar to signal 4, this signal additionally checks for specific colors of SAR and SSL lines to confirm a bullish momentum.
7. MAIN - Price - (SMMA > LSMA) - SAR - SSL / No Crossing - Coloring: Similar to signal 5, this signal also checks for specific colors of SAR and SSL lines to confirm a bullish trend without any crossing of moving averages.
8. MAIN Support line - 2 Candles: This signal triggers when the price pulls back from below the support line within the last two candles. It indicates a potential reversal from a support level.
9. MAIN Support line - lookBack Candles: This signal is similar to signal 8 but considers a specified lookback range for checking the pullback from below the support line.
These buy signals aim to identify various bullish scenarios based on combinations of price action, moving averages, SAR, and SSL indicators. Each signal offers different levels of confirmation for potential buying opportunities in the market.
USE IT WITH YOUR RISK MANAGEMENT STRATEGIES.
Future Updates "Coming Soon"
Targets - Under processing.
Stop loss - Under Processing.
Trailing - Under Processing.
Historical Data Table - Under processing.
Strength Table - Under Processing.
Whales Catcher - Under Processing.
Order Book Analyzer - Under Processing.
NABIL ELMAHDY $$
Supportandresistancezones
Bull Bear Trend IndicatorIntroduction: Origin of the Swing Point Indicator
In the quest for a reliable indicator that accurately predicts trend directions and identifies valid highs and lows, the genesis of the Swing Point Indicator emerged. Faced with the challenge of finding a tool that provided comprehensive market analysis and actionable insights, the need for a novel solution became evident. Combining insights gleaned from market analysis and innovative algorithmic approaches, the Swing Point Indicator was born.
Enhanced Feature: Highs and Lows Labeling in Trend Direction
In addition to its core functionalities, the Swing Point Indicator incorporates an advanced feature that enhances the visualization of trend direction. This feature provides further clarity by selectively labeling highs and lows based on the prevailing trend, reinforcing the identification of higher highs and lower lows in uptrends and downtrends, respectively. Overlapping labels on highs and lows signify a potential trend change, providing traders with valuable insight into market reversals.
Detailed Description:
1. Uptrend Labeling:
- Higher Highs (Green Label with Price): In an uptrend, where higher highs are observed, the indicator labels these points with vibrant green color and includes the corresponding price value. This visually highlights the significance of higher highs as pivotal points in the upward trajectory of prices.
- Higher Lows (Red Marker without Text or Diamond): To complement the identification of higher highs, higher lows are marked with a distinct red marker or diamond, devoid of any accompanying text. While these points are crucial in delineating the ascending trend, their emphasis lies in their role as support levels, providing a foundation for upward price movements.
2. Downtrend Labeling:
- Lower Lows (Red Label with Price): Conversely, in a downtrend characterized by lower lows, the indicator labels these points with conspicuous red color, accompanied by the corresponding price value. Lower lows signify critical levels of downward price momentum, acting as indicators of potential bearish continuation.
- Lower Highs (Green Marker without Text or Diamond): Lower highs, indicative of downward retracements in a downtrend, are marked by distinctive green markers or diamonds without accompanying text. While these points denote temporary pauses or pullbacks in the bearish trend, their emphasis lies in their role as resistance levels, impeding upward price movements.
Functionality and Utility:
- Customizable Lookback Candle Count: Traders have the option to adjust the lookback candle count, which is set by default at 108 candles in the settings. This flexibility allows traders to tailor the indicator to their specific trading preferences and timeframes.
- Equal Highs or Lows Option: When enabled, the Swing Point Indicator can identify equal highs or equal lows, providing traders with additional insight into market dynamics.
- Formation Confirmation: A new higher high along with its higher low or a new lower low along with its lower high is confirmed after two candles have closed following the swing point candle. This ensures the reliability of the identified trend direction.
Conclusion:
The incorporation of selective labeling for highs and lows based on trend direction, alongside the introduction of customizable settings and formation confirmation criteria, enhances the effectiveness of the Swing Point Indicator. This feature-rich tool empowers traders with a nuanced understanding of market dynamics, highlighting critical price levels and trend reversals. By offering enhanced visualization, customizable options, and confirmation criteria, the Swing Point Indicator equips traders with the confidence and precision needed to navigate the markets successfully, contributing to more informed and profitable trading strategies.
FVG Positioning Average [LuxAlgo]The FVG Positioning Average indicator aims to uncover potential price levels of interest by averaging together recent Fair Value Gap (FVG) initiation levels.
This indicator is grounded in the theory that significant buying or selling activity is the primary catalyst for creating FVGs.
By averaging together the prices where each FVG initiated, we may potentially reveal where major participants are positioned.
🔶 USAGE
By analyzing the average price of bullish or bearish FVGs, users can identify potential support or resistance areas where the larger participants may re-enter or defend their positions.
These areas could be used to adjust entries and exits or assist with risk management such as take-profit or stop-loss levels.
The indicator displays 2 lines, the Bull Average and the Bear Average.
The Bull Average is only displayed when the price holds above the bull Average.
The Bear Average is only displayed when the price holds below the bear average.
When only one average is displayed alone, this level is seen as support or resistance, it is anticipated that this level would be defended for the current trend to stay valid.
When both averages are displayed simultaneously, it can be interpreted as one side attempting to take over the trend.
The movements and reactions during these attempts can be analyzed to provide helpful information about where the price might be headed.
Possible outcomes:
Trend Confirmation/Re-Entry (From Weak Attempts)
Trend Reversal (Creating Support or Resistance)
Consolidation (Oscillating between/around Bull & Bear Averages)
🔶 DETAILS
🔹 Lookback Types
This indicator includes 2 lookback types:
Bar Count: Uses Bars to determine what data to include. This type can be utilized for averages that are more locally relevant to the current chart data.
FVG Count: Uses a specific # of FVGs for calculations. This type can be utilized for a continuous & consistent view, typically relevant with longer term analysis.
Note: When using bar lookback, if no data is in range, no lines will be displayed.
Below is an example of the 'FVG Count' Display.
🔹 Initiation Levels
Initiation Levels are the specific price points where each FVG starts, these are the last points the price was traded at before creating the gap.
Bull Initiation Level: Lowest Point (Bottom) of FVG
Bear Initiation Level: Highest Point (Top) of FVG
🔹 FVG Display
Each FVG being used for the current calculation of averages is displayed on the chart for reference.
Note: If you prefer to not display the FVGs, they can be toggled off in the settings, uncheck "Show FVGs on Chart".
🔶 Settings
FVG Lookback: As mentioned above in the 'Lookback Types', this sets the number of FVGs or Bars to use for consideration.
Lookback Type: As also mentioned above in 'Lookback Types', this determines the method of lookback to be used.
ATR Multiplier: The FVGs are required to have a Greater Width than (ATR * Multiplier) in order to be used for calculations. This allows you to focus on the data being considered if needed.
Fixed volume profile & zonesHi all!
If you like volume profile and like to create zones, where the price might react, this indicator might be for you. It plots a fixed volume profile and creates a user defined number of zones (shelves) of high volume.
If you want to know more about volume profile you can about it here on TradingView: se.tradingview.com
To do
• Add possiblity to create alerts for zone entries, breakouts and retest
• The importance of zones are now based on high volume slots only. It might be changed to include the slots around the 'master slot' to determine if the area is of high importance or not, your suggestions here are welcome!
• Show total volume in 'values'
• Error if the data cannot be fetched
• Add value area
• Make earlier (more important shelves) more visible (less transparent)
• Add possiblity to skip zones
Known issues
• Script execution is long when the volume profile is created (should be none)
• In some cases you can get overlapping shelves, avoid this
Settings
• Main
• Start/end bar of the volume profile (this is required)
• Data
• Timeframe (for getting the volume data)
• Levels (the number of slots in the volume profile)
• Shelves (the number of zones with high volume to plot) and it's color
• Max slot (have this enabled if you want the shelf's highest volume slot to have a dotted line and choose it's color
• Show info (show the order of the plotted zone)
• Style (how the volume profile will look)
• Histogram box (the color of the background of the volume profile)
• Up (the color of bullish volume)
• Down (the color of bearish volume)
• Point of control (color and if it should be extended or not)
• Values and text color (show bullish and bearish volume values)
The defaults on all settings are based on the daily timeframe. This indicator is not 'complete' and I plan to work on it when I get the time.
Note that the precision for the volume profile is per candle, so some levels can have visuals as others but lower volume.
The slot (level) volume has to have a lower difference to the volume included in the shelf than the next volume to be checked to be included. If the level being checked for inclusion in a shelf is at the end of boundaries (high and low) of the volume profile, the volume has to be higher than the golden ratio of the volume before.
You can also use this indicator if you just want a volume profile to show, just set the the number of zones to plot (in 'Shelves') to 0.
I hope I haven't forgotten anything and that it's clear, let me know otherwise.
Best of trading luck!
Market Structure Volume Distribution [LuxAlgo]The Market Structure Volume Distribution tool allows traders to identify the strength behind breaks of market structure at defined price ranges to measure de correlation of forces between bulls and bears visually and easily.
🔶 USAGE
This tool has three main features: market structure highlighting, grid levels, and volume profile. Each feature is covered more in depth below:
🔹 Market Structure
The basic unit of market structure is a swing point, the period of the swing point is user-defined, so traders can identify longer-term market structures. Price breaking a prior swing point will confirm the occurrence of a market structure.
The tool will plot a line after a market structure is confirmed, by default the lines on bullish MS will be green (indicative of an uptrend), and red in case of bearish MS (indicative of a downtrend).
🔹 Grid Levels
The Grid visually divides the price range contained inside the tool execution window, into equal size rows, the number of rows is user-defined so users can divide the full price range up to 100 rows.
The main objective of this feature is to help identify the execution window and the limits of each row in the volume profile so traders can know in a simple look what BoMS belongs to each row.
There is however another use for the grid, by dividing the range into equal-sized parts, this feature provides automatic support and resistance levels as good as any other.
Grid provides a visual help to know what our execution window is and to associate MS with their rows in the profile. It can provide S/R levels too.
🔹 Volume Profile
The volume profile feature shows in a visually easy way the volume behind each MS aggregated by rows and divided into buy and sell volume to spot the differences in a simple look.
This tool allows users to spot the liquidity associated with the event of a market structure in a specific price range, allowing users to know which price areas where associated with the most trading activity during the occurrence of a market structutre.
🔶 SETTINGS
🔹 Data Gathering
Execute on all visible range: Activate this to use all visible bars on the calculations. This disables the use of the next parameter "Execute on the last N bars". Default false.
Execute on the last N bars: Use last N bars on the calculations. To use this parameter "Execute on all visible range" must be disabled. Values from 20 to 5000, default 500.
Pivot Length: How many bars will be used to confirm a pivot. The bigger this parameter is the fewer breaks of structure will detect. Values from 1, default 2
🔹 Profile
Profile Rows: Number of rows in the volume profile. Values from 2 to 100, default 10.
Profile Width: Maximum width of the volume profile. Values from 25 to 500, default 200.
Profile Mode: How the volume will be displayed on each row. "TOTAL VOLUME" will aggregate buy & sell volume per row, "BUY&SELL VOLUME" will separate the buy volume from the sell volume on each row. Default BUY&SELL VOLUME.
🔹 Style
Buy Color: This is the color for the buy volume on the profile when the "BUY&SELL VOLUME" mode is activated. Default green.
Sell Color: This is the color for the sell volume on the profile when the "BUY&SELL VOLUME" mode is activated. Default red.
Show dotted grid levels: Show dotted inner grid levels. Default true.
RSI Order Blocks [UAlgo]The "RSI Order Blocks " identifies and visualizes potential order blocks based on the Relative Strength Index (RSI) indicator. These zones may indicating potential support or resistance levels.
🔶 Key Features :
RSI-based Order Block Identification: The script utilizes the RSI indicator to identify potential order blocks. It detects pivot highs and lows in the RSI, which are indicative of potential reversal points, and marks these areas as potential order blocks.
Order Block Visualization: Identified order blocks are visually represented on the chart, making it easy for traders to recognize and interpret these significant price zones. Both bullish and bearish order blocks are differentiated by color, enhancing clarity and ease of analysis. Additionally, within each order block, the RSI value of that block is also shown.
RSI Overbought/Oversold Filter: Optionally, users can apply a filter based on RSI levels to refine the detection of order blocks. This filter prevents the creation of order blocks when the RSI is within specified overbought or oversold conditions (default between 30 and 70), helping traders focus on areas of potentially significant price action.
An Example with the OB/OS Filter Feature Turned Off:
An Example with the OB/OS Filter Feature Turned On:
Mitigation of Broken Order Blocks: Provides flexibility in selecting the mitigation method (based on close or wick) for determining order block breaches.
Customizable Parameters: The script offers a range of customizable parameters to tailor the detection and visualization of order blocks to suit individual trading preferences. Users can adjust parameters such as RSI Length, Order Block Detection Sensitivity, Mitigation Method, and order block style to fine-tune the analysis according to their trading strategy.
🔶 Disclaimer :
Not Financial Advice: This indicator is intended for educational and informational purposes only. It does not constitute financial advice or recommendations to buy, sell, or hold any financial instruments.
Use at Own Risk: Trading involves substantial risk of loss and is not suitable for all investors. Users of this indicator should exercise caution and conduct their own research and analysis before making any trading decisions.
Performance Not Guaranteed: Past performance is not indicative of future results. While the indicator aims to assist traders in analyzing market trends, there is no guarantee of accuracy or success in trading operations.
Money Flow Profile [LuxAlgo]The Money Flow Profile is a charting tool that measures the traded volume or the money flow at all price levels on the market over a specified time period and highlights the relationship between the price of a given asset and the willingness of traders to either buy or sell it, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range.
This tool combines a volume/money flow profile, a sentiment profile, and price levels, where the right side of the profile highlights the distribution of the traded activity/money flow at different price levels, the left side of the profile highlights the market sentiment at those price levels, and in the middle the price levels.
🔶 USAGE
A volume/money flow profile is an advanced charting tool that displays the traded volume/money flow at different price levels over a specific period. It helps traders visualize where the majority of trading activity/money flow has occurred.
A sentiment profile is a difference between buy and sell volume/money flow aiming to highlight the sentiment/dominance at specific price levels.
Each row of the profile presents figures on volume and money flow specific to price levels.
High volume/money flow nodes indicate areas of high activity and are likely to act as support or resistance in the future. They attract price and try to hold it there. Conversely, low-volume nodes are areas with low trading activity, that are less subject to get revisited by the price. The market often bounces right over these levels, not staying for long. The "Profile Heatmap" option of the script helps to better emphasize the trading activity within each areas.
By measuring the traded activity at each price level the script presents an ability to highlight the consolidation zones, in other words, highlights accumulation and distribution zones. When the price moves toward one end of the consolidation and volume pick up, it can foreshadow a potential breakout.
Level of Significance, Point of Control, Highest Sentiment Zone, and Profile Price levels are some of the other profile-related options available with the script.
🔶 SETTINGS
The script takes into account user-defined parameters and plots the profiles, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip.
🔹 Profile Generic Settings
Lookback Length / Fixed Range: Sets the lookback length.
Profile Source: Sets the profile source, Volume, or Money Flow.
🔹 Profile Presentation Settings
Volume/Money Flow Profile: Toggles the visibility of the Volume/Money Flow Profile.
High Traded Nodes: Threshold and Color option for high traded nodes.
Average Traded Nodes: Color option for average traded nodes.
Low Traded Nodes: Threshold and Color option for low traded nodes.
🔹 Sentiment Profile Settings
Sentiment Profile: Toggles the visibility of the Sentiment Profile.
Sentiment Polarity Method: Sets the method used to calculate the up/down volume/money flow.
Bullish Nodes: Color option for Bullish Nodes.
Bearish Nodes: Color option for Bearish Nodes.
🔹 Profile Heatmap Settings
Profile Heatmap: Toggles the visibility of the profile heatmap.
Heatmap Source: Sets the source of the profile heatmap, Volume/Money Flow Profile, or Sentiment Profile.
Heatmap Transparency: Control the transparency of the profile heatmap.
🔹 Other Presentation Settings
Level of Significance: Toggles the visibility of the level of significance line/zone.
Consolidation Zones: Toggles the visibility of the consolidation zones.
Consolidation Threshold, Color: Sets the threshold value and zone color.
Highest Sentiment Zone: Toggles the visibility of the highest bullish or bearish sentiment zone.
Profile Price Levels, Color, Size: Toggles the visibility of the profile price levels, and sets the color and the size of the level labels.
Profile Range Background Fill: Toggles the visibility of the profiles range.
🔹 Other Settings
Number of Rows: Specify how many rows each profile histogram will have.
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length
Profile Text Size: Alters the size of the text. Setting to Auto will keep the text within the box limits.
Profile Horizontal Offset: Enables to move profile in the horizontal axis.
🔶 RELATED SCRIPTS
Liquidity-Sentiment-Profile
Swing-Volume-Profiles
For more and other conceptual scripts you are kindly invited to visit LuxAlgo-Scripts .
[UST] Protein+Support/Resistance Script: A Comprehensive Overview
Thanks to Pmgjiv for providing the foundation to this improved Version.
In the world of trading, having a robust support and resistance analysis tool can make a significant difference in decision-making and overall strategy. Let's delve into the enhancements made to the support/resistance script and how each component contributes to a trader's arsenal:
Changes and improvements made for the script to help Traders make better rational decisions in their Trading:
1. Multiple Timeframes:
Integrating multiple timeframes into the analysis provides a multi-dimensional view of the market. Traders can now assess price action across different time horizons simultaneously. This feature allows for a deeper understanding of market dynamics and helps in identifying significant support and resistance levels across various timeframes.
2. Timeframe Labels Inside Zones:
By including timeframe labels within the zones, traders can easily identify the origin of each support or resistance level. This contextual information enhances clarity and facilitates more informed decision-making, especially when navigating through multiple timeframes.
3. Visual Zone Update:
Visual updates on zones enable traders to track changes in support and resistance levels in real-time. This dynamic feature enhances the analytical process by providing immediate insights into evolving market conditions, thereby enabling traders to adapt their strategies accordingly.
4. Zones Hit:
Understanding the frequency and intensity of zone hits offers valuable insights into the strength and relevance of support and resistance levels. Traders can gauge the significance of each zone based on its historical interaction with price, thereby gaining a deeper understanding of market sentiment and potential trading opportunities.
5. Option to Turn off Current Timeframe:
The ability to toggle off the current timeframe streamlines chart analysis by focusing only on the most critical support and resistance zones. This decluttering feature helps traders prioritize key levels, reducing cognitive overload and enhancing decision-making efficiency.
Explanation of Additional Functions:
a. Lookback:
The 'lookback' parameter allows traders to customize the age of support and resistance zones based on their trading style and preferences. By adjusting the lookback setting, traders can choose whether to prioritize recent price action or consider historical data, thus tailoring the analysis to their specific trading strategies.
b. Swinglength:
Swinglength determines the sensitivity of the support and resistance zones. By modifying this parameter, traders can control how aggressively the script identifies pivot points. A higher swinglength value results in smoother, more stable zones, whereas a lower value increases sensitivity, capturing smaller price movements.
c. ZigZag Indicator:
The ZigZag indicator plays a pivotal role in identifying significant price reversals. Its period setting determines the number of price bars considered before confirming a pivot point. Traders can utilize this indicator to identify key turning points in the market, aiding in the identification of robust support and resistance levels.
Impact of Sensitivity on Zones:
Adjusting the sensitivity of the ZigZag indicator directly influences the identification and delineation of support and resistance zones. Higher sensitivity levels result in fewer but more robust zones, capturing significant price movements. Conversely, lower sensitivity levels yield more zones, accommodating smaller price fluctuations but potentially introducing noise into the analysis.
d. S/R Range:
The ability to adjust the width of support and resistance zones allows traders to customize the breadth of key areas on a chart. Choosing a wider range encompasses a broader spectrum of prices, thereby identifying more comprehensive support and resistance levels. This flexibility enables traders to adapt their analysis to different market conditions and trading strategies.
Utilization in Trading:
Comprehensive Analysis: By incorporating multiple timeframes, traders gain a holistic view of market dynamics, enabling them to identify high-probability trading opportunities across various horizons.
Contextual Understanding: Timeframe labels within zones provide context, helping traders understand the significance of each level in relation to different timeframes and market conditions.
Real-time Adaptability: Visual zone updates facilitate real-time analysis, allowing traders to adjust their strategies promptly in response to changing market conditions.
Informed Decision-making: By considering zone hits, traders can assess the strength and relevance of support and resistance levels, enhancing their ability to make informed trading decisions.
Customized Analysis: Adjustable parameters such as lookback, swinglength, and sensitivity empower traders to tailor the analysis to their individual trading styles and preferences, enhancing precision and effectiveness.
In summary, these enhancements to the support/resistance script provide traders with a powerful toolkit for analyzing market dynamics, identifying key levels, and executing well-informed trading strategies across various timeframes and market conditions.
Dynamic Order Blocks [LuxAlgo]The Dynamic Order Blocks indicator displays the most recent unmitigated bullish and bearish order blocks on the chart, providing dynamic support/resistance areas.
When price sweeps an order block, this is highlighted by the script indicating a potential reversal.
The average between the displayed order blocks is also displayed.
🔶 USAGE
Order blocks are a popular method of price action analysis, representing price areas where more significant market participants accumulate their orders.
Displaying order blocks dynamically allows obtaining relevant areas of support/resistance. Users can obtain longer-term order blocks using a higher "Swing Lookback" setting.
Users can also use mitigation events to assess the current trend direction, with price mitigating a bearish order block (breaking above the upper extremity) indicating an uptrend, and price mitigating a bullish order block (breaking below the lower extremity) indicating a downtrend.
🔹 Average Level
An average level obtained from the displayed bullish and bearish order blocks is included in the indicator and offers an additional polyvalent dynamic support/resistance level.
The change of direction of the average line can also be indicative of the current trend direction.
🔹 Dynamic Sweeps
Price sweeping the mitigation level of an order block is highlighted on the chart using bordered rectangles. These highlight a breakout failure and can be indicative of a potential reversal.
🔶 SETTINGS
Swing Lookback: Period of the swing detection used to construct order blocks. Higher values will return longer-term order blocks.
Use Candle Body: Use the candle body as the order block area instead of the candle full range.
Smart Money Setup 01 [TradingFinder]Double Order Blocks Proof🔵 Introduction
The Price Action, styled as the "Smart Money Concept" or "SMC," was introduced by Mr. David J. Crouch in 2000 and is one of the most modern technical styles in the financial world. In financial markets, Smart Money refers to capital controlled by major market players (central banks, funds, etc.), and these traders can accurately predict market trends and achieve the highest profits.
In the "Smart Money" style, various types of "order blocks" can be traded. This indicator uses a type of "order block" originating from "BoS" (Breakout of Structure). The most important feature of this indicator is the confirmation of two order blocks.
🟣 Important
For example, after the first "BoS" and the formation of the first Order Block, if a second "BoS" occurs before touching the price of the first Order Block and the formation of the second Order Block, a trading setup with 2 order blocks is formed, which confirms the dominant market trend.
For a better understanding of this subject, see the explanations in the following two images.
Bullish Setup Details :
Bearish Setup Details :
🔵 How to Use
After adding the indicator to the chart, you should wait for the formation of the trading setup. You can observe different trading positions by changing the "Time Frame" and "Pivot Period." Generally, the higher the "Time Frame" and "Pivot Period," the more valid the formed setup is.
Bullish Setup Details on Chart :
Bearish Setup Details on Chart :
You can access the "Pivot Period" input through the settings.
Order Blocks Indicator [TradingFinder] Lightning|CHOCH |OB | BOS🔵 Introduction
In "Price Action," an "Order Block" is essentially an area on the price chart where significant players such as institutional traders have executed their moves by placing noteworthy orders. These points often indicate areas where price either attempts to break through (resistance) or returns when it reaches there (support).
Therefore, when discussing the identification of order blocks, we typically refer to finding points where the price has stalled for a while and has accumulated strength before making a significant move in one direction.
Essentially, order blocks assist traders in understanding where large players with "smart money" have likely placed their bulk orders in the market. Traders use these order blocks as part of their overall analysis to identify probable levels where price may change direction.
This version of the order block indicator is designed for traders, adding many indicators to their charts. The minimal design helps minimize disruptions to user focus.
🔵 Identification of Order Blocks
To identify order blocks, first, a "Level Break" must occur. To identify a "Demand Zone," a "High Level Break" is required, and to identify a "Supply Zone," a "Low Level Break" is needed.
Demand Zone :
Supply Zone :
🔵 "Change of Character" or "Market Shift Structure"
"ChoCh" or "MSS" is the "Break Level" that is contrary to the previous trend. For example, if a "Bearish Level" is established in the market and consecutive "Low Levels" are being broken, the price turns upward, breaking a "High Level." This break is called "ChoCh" or "MSS."
🔵 "Break of Structure"
"Break of Structure," or "BoS" for short, is the "Break Level" in the direction of the current trend. For example, if a "Bullish Level" is established in the market, when the price breaks a "High Level," a "BoS" has occurred.
🔵 Features
🟣 Major Level
This feature helps you easily identify major levels. These levels form when the price breaks another major level.
🟣 Refine Order Block
The "Refinement" feature allows you to adjust the width of the order block based on your strategy. There are two modes, "Aggressive" and "Defensive," in Order Block Refine. The difference between "Aggressive" and "Defensive" lies in the width of the order block. For "Risk Averse" traders, the "Defensive" mode is suitable because it provides smaller stop losses and larger reward-to-risk ratios. For "Risk Taker" traders, the "Aggressive" mode is more suitable. These traders prefer to enter trades at higher prices and this mode, where the width of the order block is greater, is more suitable for this group of individuals.
🔵 How to Use
After adding the indicator to your chart, you will see a visual similar to the image below. Green order blocks are "Demand Zones" and red order blocks are "Supply Zones." The midpoint of the order blocks also indicates 50% of it.
Refine Order Block is defaulted to On and refines the order blocks. If you want the order blocks to remain original, you should set it to Off.
Refine is defaulted to "Defensive" mode. If you want it to be in "Aggressive" mode, you should change its mode through Refine Type.
Displaying "Major Levels" is turned off by default and to display them, you should set "Show High Level" and "Show Low Level" to "Yes." You can use these lines to identify liquidity or determine stop loss and take profit levels.
TradesAI - Elite (Premium)This is an all-inclusive, premium indicator that focuses mainly on price action analysis, a form of looking at raw price data and market structure to analyze and capture areas of interest where price could react.
This indicator is a perfect trading companion that saves you a lot of time in trading price action. Some of the popular methods that use price action analysis are "Smart Money Concepts (SMC)", "Inner Circle Trader (ICT)", and "Institutional Trading".
🔶 POWERFUL TOOLS
The indicator combines three main tools as a trading suite:
Trendlines
Market Structure Breakouts (MSB)
Order Blocks (OBs) and Reversal Order Blocks (ROBs)
These 3 main tools are interconnected together. Below we go over each, and then explain how and why they are brought in together. Please also note that the indicator's settings have tooltips next to most of them, with more detailed information.
🔶 TRENDLINES
This indicator automatically draws the most relevant Trendlines from pivot high/pivot low (based on the defined settings) as origins, while keeping track of candle closes across these Trendlines to adjust or invalidate accordingly.
The indicator will draw all possible Trendlines up to the maximum allowed by TradingView's PineScript. It uses a bullish pivot high candle to draw downtrends, and a bearish pivot low candle to draw uptrends. The algorithm will draw the most suitable active Trendlines from those origin points.
The indicator takes the origin point as the first point of the Trendline, then starts looking for the immediate next same-type candle (bullish to bullish or bearish to bearish), to draw the Trendline between the origin candle and this newer candle.
An uptrend is a ray connecting two bearish candles, as long as the second candle has a Low higher than the low of the origin (first) candle. A downtrend is a ray connecting two bullish candles, as long as the second candle has a high lower than the high of the origin (first) candle.
Upon drawing, the indicator then starts monitoring and adjusting this Trendline, by keeping the origin always the same but changing the second point. The goal is to keep reducing the slope of the Trendline till it is at 0 degrees (horizontal line). That then makes the Trendline "final". Note that you have the option to keep all Trendlines or just show the final, in the settings.
So, the algorithm has three states for the Trendlines:
Initial: not tested, meaning price hasn't yet broken through it and closed a candle beyond it, to cause a re-adjustment of this Trendline.
Broken: a candle hard closed (opened and closed) across it but still, the direction of the trend is maintained with a new Trendline from the same origin – could be replaced (or kept on the chart as a "backside", which is what we call a broken Trendline to be tested from the opposite side) with a new Trendline from the same origin, to the newest candle that caused the break to happen, as then it becomes the new second point of that Trendline.
Final: a candle hard closed (opened and closed) across it and can't draw a new Trendline from the same origin maintaining the direction of the trend (so an uptrend becomes a downtrend or a downtrend becomes an uptrend at this point, which is not allowed). This marks the end of the Trendline adjustment for that origin.
To summarize the Trendlines algorithm, imagine starting from a candle and drawing the Trendline, then keep re-adjusting it to make its slope less and less, till it becomes a horizontal line. That's the final state.
Here is a step-by-step scenario to demonstrate the algorithm:
Notice how first an Uptrend (green ray) is drawn between point A origin pivot (picked by our smart algorithm) and point B, both marked by green arrows:
Uptrend then turned into backside (where it flips from diagonal support to resistance where liquidity potentially resides):
Then a new uptrend is drawn from the same point A origin pivot to a new point B matching the filters in settings.
Finally, it turns also into a backside and is considered final because no more uptrends could be drawn from the same point A origin point.
Unlike traditional Trendline tools, this indicator takes into account numerous rules for each candlestick to determine valid support and resistance levels, which act as liquidity zones.
Unlike conventional Trendline tools, this indicator allows the user to define the pivot point left and right length to capture the proper ones as origins, then automatically recognizes and extends lines from them as liquidity zones where a reaction is expected. Moreover, the indicator monitors those Trendlines in real-time to switch them from buying to selling zones, and vice-versa, as the price structure changes.
Features
Log vs. Linear scale switch to show different Trendlines accordingly. When updating the Trendlines, or deciding whether Touches/Hard Closes are met, it makes a difference.
Ability to show all forms of Trendlines, final Trendlines or just backside Trendlines.
Why is it used?
For experienced traders, it offers the advantage of time efficiency, while new traders can bypass the steep learning curve of drawing Trendlines manually, which could practically be drawn between any two candlesticks on the chart (many variations).
🔶 MARKET STRUCTURE BREAKOUT (MSB)
The Market Structure Breakouts (MSB) tool is a trading tool that detects specific patterns on trading charts and provides ‘take profit’ regions based on the extended direction of the identified pattern. A breakout is a potential trading opportunity that presents itself when an asset's price moves away from a zone of accumulation (i.e. above a resistance level or below a support level) on increasing volume. The most famous form of market structure breakout is double/triple tops/bottoms, or what is referred to as W or M breakouts.
See this example below of how our MSB smart algorithm picked the local bottom of INDEX:BTCUSD
Here is a step-by-step scenario to demonstrate the algorithm:
First, the algorithm picks the pivot points according to our Machine Learning (ML) model, which uses Average True Range (ATR) and Moving Averages of various types to decide. It will then signal a Market Structure Breakout (MSB):
You may either short (sell) this MSB towards the targets (dotted green lines) and/or buy (long) at the targets (dotted green lines). Usually, these targets provide scalp moves, according to our model, but they may also act as strong reversal points on the chart.
Unlike standard indicators, the MSB tool identifies patterns that may not appear in every time frame due to specific conditions that need to be met, including Average True Range (ATR) and Moving Averages at the time of creation. Once these patterns are identified, the tool gives ‘take profit’ regions in the direction of the trading pattern and even allows for trading in the opposite direction (contrarian/counter-trend scalps) once those regions are reached. A confirmed breakout has the potential to drive the price to these specific targets, calculated based on our Machine Learning (ML) model. The Targets are the measured moves placed from the breakout point.
Features
Log vs. Linear scale switch to show different MSBs accordingly based on the ratios.
Detects trading patterns with specific conditions.
Ability to specify how sensitive the pivot points are for capturing market structure breakouts.
Provides take profit regions in the extended direction of the pattern.
Allows for versatile trading styles by permitting trades in the opposite direction (contrarian or counter-trend) once the take profit region is reached.
Highlights 2 levels of interest for potential trade initiation (or as targets of the MSB move).
🔶 ORDER BLOCK (OB) and REVERSAL ORDER BLOCK (ROB)
Before diving deeper into OBs and ROBs, you may consider the following chart for a general understanding of price ladders, and how they break. This is a bearish price ladder leaving Lower Lows and Lower Highs after an initial Low and High (L->H->LL->LH). Bullish ladders are the opposite (H->L->HH->HL).
In this bearish ladder case, notice the numbers representing the highs made (being lower). While this is a clean structure, markets don't always create such clean ladders, but you may switch to a higher timeframe to see it in a clearer form (usually, you will be able to spot it there).
In SMC or ICT concepts, the "Break Of Structure (BOS)" is pretty much creating a new lower low (LL) for the bearish ladder (and the creation of a higher high (HH) for the bullish ladder). By doing so, markets are grabbing liquidity below these levels and could either continue the ladder or stop/flip it. This gives you the context of how the ladder prints.
Price usually ends the ladder with a "Change of Character (CHoCH)", which represents a BOS (to grab liquidity) followed by an aggressive move in the opposite direction, which could lead the market to close the gaps and balance out. It is considered a good practice to then target liquidity in the opposite direction when a CHoCH happens, meaning for a bearish ladder you may target the pivots marked by 3, 2 and 1 at the top (start of the ladder).
Now we move to Order Blocks (OBs) and Reversal Order Blocks (ROBs). Think of them as sniper zones or micro ladders inside the bigger ladder/structure.
Order Blocks are usually used as zones of support and resistance on a trading chart where liquidity is present, or what some traders call "potential institutional interest zones". Order Blocks can be observed at the beginning of these strong moves of BOS or the CHoCH, leaving behind a zone (one or more candles) to be revisited later to balance the market. Therefore, these are interesting levels to place Limit/Market orders (sell the peaks or buy the valleys) instead of doing so at the swing highs or swing lows of the ladder (where BOS or CHoCH happened). The idea here is that the price could go deep into the ladder's step (peak or valley), and by doing so, it usually goes to these zones.
A bullish Order Block (Valley-OB) is the last bearish candle of a downtrend before a sequence of bullish candles (thus forming a "Valley"). A bearish Order Block (Peak-OB) is the last bullish candle of an uptrend before a sequence of bearish candles (thus forming a "Peak"). Our indicator captures the full range zones of the OB meaning not only the last candle but the sequence of same-type candles immediately next to it, which creates a zone, thus the name "OB/ROB Zone". Not only does the tool mark those levels on the chart, but it also has a smart tracking algorithm to remove the appropriate levels dynamically. It will monitor, candle by candle, what is happening to all the OBs/ROBs, and update them according to how they are being tested/visited (eg. weak testing being a touch, and strong testing being a touch of the same colour candle).
Bullish Valley-OB:
Bearish Peak-OB:
The indicator follows our concept of "Zone Activation" to determine whether to mark zones with dashed or solid lines.
If we take a bearish Peak-OB as an example, notice how it first gets drawn with a dashed red line (as the algorithm monitors how far the price moved away from the zone):
As price moves away (distance based on our Machin Learning (ML) model), it turns into solid lines:
Some people prefer to enter market orders or limit (pending) orders close to the zone, while others wait for it to hit. You may wait for these zones to turn into solid lines (meaning that the price made a decent move away from it before revisiting it). It depends on your trading strategy.
When Order Block (OB) zones break instead of holding the ladder, they turn into what we call Reversal Order Blocks (ROB); our algorithm of flipping these zones where price could react from the other side of the OB. Our algorithm monitor and highlight the most suitable ones to trade, based on +30 conditions and variables by our Machine Learning (ML) models. Examples of ROBs in the SMC or ICT trading community are a "Breaker Block", a "Mitigation Block" or a "Unicorn Setup". However, our algorithm filters the zones based on many factors such as ratios of price movement before, inside and after these zones, along with many other factors.
The algorithm monitors the ratios of how price moved into and away from the OB/ROB, as well as the type of move happening, to then filter the ones that are considered of high probability to break/not do a reaction.
A bullish Valley-OB (green) turns into a bearish Valley-ROB (neon red) where you may short (sell), while a bearish Peak-OB (red) turns into a bullish Peak-ROB (neon green) where you may long (buy).
Example of a bullish Valley-OB that turned into a bearish Valley-ROB:
Features
Log vs. Linear scale switch to show OBs/ROBs accordingly based on the ratios and the price action around these zones (before and after creation).
Uses our Machine Learning (ML) model to determine relevant Order Blocks (OBs) to show or hide based on price action.
Considers distribution and accumulation candles to find relevant Order Blocks.
Various types of triggers to mark those Order Blocks and their zones: breakout, close, hard close (open and close) or full close (low, high, open and close).
Monitors the 1:1 expansion of price from key areas of interest, which would change the importance of the zones through our concept of “Zone Activation”.
Allows for customization in the settings to display different types of Order Blocks (e.g., tested or untested).
Marking and invalidating levels based on many variables, including single or multiple candle zones, touching/closing beyond specific levels, weak/strong testing criteria, price tolerance % (near a level), and many more.
Provides color-coded visual representation for easier interpretation.
Why is it used?
Order Blocks (OB) and Reversal Order Blocks (ROB) represent the building blocks of price ladders, in conjunction with Swing Highs and Swing Lows. By identifying where liquidity is potentially present, they become common targets for big market players. Additionally, they provide clear invalidation points based on various types of candle closes, such as hard closes or simply a candle close.
One strategy that could be used is to open positions at these OB or ROB Levels as long as the chart maintains the trend (ladder), for a potentially higher win rate (or against it for a quick scalp). Be mindful of the breaking of a ladder or the building of a new one. A ladder breaks with a hard close (open and close) of a candle across the closest two levels; a ladder builds by not breaking back down across the levels it has tested. By definition, strong ladders will have a few untested levels and come back to wick them but still retain the structure of the laddering direction (trending with Lower Lows + Lower Highs or Higher Lows + Higher Highs).
🔶 COMBINING ALL TOOLS
In summary, Trendlines could be great tools to give you a general context of whether the price is laddering up or down. Once you spot the ladder, your goal is to either trade in its direction (not to go against the trend) or to counter-trend trade (contrarian). To do so, you could use the MSB tool to spot these BOS/CHoCH. And to give you more precise entries, you may rely on the OB/ROB zones which usually mesh over the ladder, to provide a sniper entry!
🔶 RISK DISCLAIMER
Trading is risky, and most day traders lose money. The risk of loss in trading can be substantial. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our product and should not be construed as financial advice. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.
GG - LevelsThe GG Levels indicator is a tool designed for day trading U.S. equity futures. It highlights key levels intraday, overnight, intermediate-swing levels that are relevant for intraday futures trading.
Terminology
RTH (Regular Trading Hours): Represents the New York session from 09:30 to 17:00 EST.
ON Session (Overnight Session): Represents the trading activity from 17:00 to 09:29 EST.
IB (Initial Balance): The first hour of the New York session, from 09:30 to 10:30 EST.
Open: The opening price of the RTH session.
YH (Yesterday's High): The highest price during the RTH session of the previous day.
YL (Yesterday's Low): The lowest price during the RTH session of the previous day.
YC (Yesterday's Close): The daily bar close which for futures gets updated to settlement.
IBH (Initial Balance High): The highest price during the IB session.
IBL (Initial Balance Low): The lowest price during the IB session.
ONH (Overnight High): The highest price during the ON session.
ONL (Overnight Low): The lowest price during the ON session.
VWAP (Volume-Weighted Average Price): The volume-weighted average price that resets each day.
Why is RTH Important?
Tracking the RTH session is important because often times the overnight session can be filled with "lies". It is thought that because the overnight session is lower volume price can be pushed or "manipulated" to extremes that would not happen during higher volume times.
Why is the ON Session Important Then?
Just because the ON session can be thought as a "lie" doesn't mean it is relevant to know. For example, if price is stuck inside the ON range then you can think of the market as rotational or range-bound. If price is above the ON range then it can be thought of as bullish. If price is below the ON range then it can be thought as bearish.
What is IB?
IB or initial balance is the first hour of the New York Session. Typically the market sets the tone for the day in the first hour. This tone is similarly a map like the ON session. If we are above the IBH then it is bullish and likely a trend day to the upside. If we are below the IBL then it is bearish and likely a trend day to the downside. If we are in IB then we want to avoid conducting business in the middle of IBH and IBL to avoid getting chopped up in a range bound market.
These levels are not a holy grail
You should use this indicator as guide or map for context about the instrument you are trading. You need to combine your own technical analysis with this indicator. You want as much context confirming your trade thesis in order to enter a trade. Simply buying or selling because we are above or below a level is not recommended in any circumstance. If it were that easy I would not publish this indicator.
Adjustments
In the indicator settings you can adjust the RTH, ON, and IB session-time settings. All of the times entered must be in EST (Eastern Standard Time). You may want to do this to apply the levels to a foreign market.
Examples
Liquidity Sweeps [LuxAlgo]The Liquidity Sweeps indicator detects the presence of liquidity sweeps on the user's chart, while also providing potential areas of support/resistance or entry when Liquidity levels are taken.
In the event of a Liquidity Sweep a Sweep Area is created which may provide further areas of interest.
🔶 USAGE
A Liquidity Sweep occurs when the price breaks through a liquidity level (further referred to as LqL ), after which the price returns below/above the liquidity level , forming a wick.
The script provides 2 options when this can happen:
A wick passes a LqL after which the price quickly returns.
First the closing price breaks through a LqL . After a while, the price retests the LqL and forms a wick in the opposite direction.
The examples above show a bullish and bearish scenario of "a wick passing through an LqL where the price quickly comes back". This type of Liquidity Sweep is represented by a dotted line.
The following example shows a broken LqL , where the price retests the Liquidity zone and bounces back.
Instead of a dotted line, this type of Liquidity Sweep is represented by a dashed line.
When a Liquidity Sweep takes place, this is indicated by highlighting the "wick- LqL " distance. This distance is also the basis for the Sweep Area (see next sub-section). A small 3-bar long dotted line starts from the opposite wick as an extra aid to determine potential support/resistance/entry, ...
Colors can be set in the settings (here yellow and aqua blue instead of default colors for clarity).
🔹 Sweep Areas
The distance between the LqL and the maximum limit of the wick forms a Sweep Area , which can provide a potential support/resistance or entry zone.
These examples show both types of Liquidity Sweeps , followed by a box indicating the Sweep Area .
When the Sweep Area is mitigated or a certain amount of bars has passed (Settings - 'Max bars'), the boxes will no longer be updated.
In this case, the 'Trigger' label shows the bar where the high crossed a LqL , after which a red box starts between LqL and high.
The low of the 'Trigger' bar is the starting point of a short dotted line. Next to the 'Trigger bar' the high touches the Sweep Area before returning, providing a potential short entry. One bar further, another entry opportunity presents itself when the price breaks the small dotted line.
In the following bullish example, not only do we see opportunities when the LqL has been swept, but the following Sweep Area provides some potential entries.
The small green dotted lines also act as a guide where the price breaks above, then forms a small range, after which the price continues in an upward direction.
Here, the initial trigger on the left forms a Sweep Area that is quickly broken. However, the small green line provides a potential entry area later on. The price moves in a short channel before breaking above the LqL (green dashed line), providing more potential entries. Price retests this LqL , and goes below this level. The price remained around the previously formed channel, after which the price resumed its upward trend.
🔶 SETTINGS
🔹 Liquidity Sweeps
Swings: Period used for the swing detection, with higher values returning longer term Liquidity Levels .
Options:
- Only Wicks: Only detects a Liquidity Sweep when a wick sweeps a previous wick
- Only Outbreaks & Retest: Only detects a Liquidity Sweep when the price breaks a Liquidity Level , returns & retests the Liquidity Level , and forms a wick in the opposite direction.
- Wicks + Outbreaks & Retest: Both options can be detected.
🔹 Sweep Area
Extend: Enables/Disables extension of the Sweep Area boxes.
Max Bars: Limit the extension to a certain number of bars.
Color Sweep Area box.
Inversion Fair Value Gaps (IFVG) [LuxAlgo]The Inversion Fair Value Gaps (IFVG) indicator is based on the inversion FVG concept by ICT and provides support and resistance zones based on mitigated Fair Value Gaps (FVGs).
🔶 USAGE
Once mitigation of an FVG occurs, we detect the zone as an "Inverted FVG". This would now be looked upon for potential support or resistance.
Mitigation occurs when the price closes above or below the FVG area in the opposite direction of its bias.
Inverted Bullish FVGs Turn into Potential Zones of Resistance.
Inverted Bearish FVGs Turn into Potential Zones of Support.
After the FVG has been mitigated, returning an inversion FVG, a signal is displayed each time the price retests an IFVG zone and breaks below or above (depending on the direction of the FVG).
Keep in mind how IFVGs are calculated and displayed. Once price mitigates an IFVG, all associated graphical elements such as areas, lines, and signals will be deleted.
This indicator is not meant to be just a 'signal indicator'. Backtesting historical signals is incorrect as it does not consider the mitigation of IFVGs, which is a standard method for trading IFVGs & various concepts by ICT.
The signals displayed are meant for real-time analysis of current bars for discretionary analysis. Current confirmed retests of unmitigated IFVGs are still displayed to show which IFVGS have had significant reactions.
🔶 SETTINGS
Show Last: Specifies the number of most recent FVG Inversions to display in Bullish/Bearish pairs, starting at the current and looking back. Max 100 Pairs.
Signal Preference: Allows the user to choose to send signals based on the (Wicks) or (Close) Prices. This can be changed based on user preference.
ATR Multiplier: Filters FVGs based on ATR Width, The script will only detect Inversions that are greater than the ATR * ATR Width.
🔶 ALERTS
This script includes alert options for all signals.
🔹 Bearish Signal
A bearish signal occurs when the price returns to a bearish inversion zone and rejects to the downside.
🔹 Bullish Signal
A bullish signal occurs when the price returns to a bullish inversion zone and bounces out of the top.
ATR Based Support and Resistance Zones [UAlgo]🔶 ATR Based Support and Resistance Indicator 🔶
The ATR Based Support and Resistance Indicator is a technical tool designed for TradingView users to analyze and visualize support and resistance levels based on the Average True Range (ATR) indicator. ATR is a widely used volatility indicator that measures the average trading range of an asset over a specified period. This indicator utilizes ATR values to dynamically calculate and display support and resistance zones on the price chart.
🔶 Indicator Settings
ATR Length: This setting allows users to specify the length of the period over which the ATR indicator is calculated. A longer period results in a smoother ATR value, providing a broader view of market volatility.
ATR Multiplier: The ATR multiplier enables users to adjust the sensitivity of the support and resistance zones. Increasing the multiplier widens the zones, while decreasing it narrows them, allowing traders to customize the indicator according to their trading preferences and market conditions.
🔶 Key Features
Trend Identification: The indicator identifies potential support and resistance zones based on the relationship between the ATR values and the price action. When the current ATR value exceeds a certain threshold determined by the ATR multiplier, it indicates a significant price movement, potentially signaling a trend reversal or continuation.
Impulse Detection: The indicator detects impulses in price movement by comparing the current ATR value with the previous value. An impulse is identified when the current ATR value is greater than or equal to the previous value, indicating a sudden surge in market volatility.
Bearish Impulse Example :
Bullish Impulse Example:
Color-Coded Impulses: Impulse candles are color-coded for easy visualization of bullish (green) and bearish (red) impulses. This feature helps traders quickly identify potential trading opportunities and market trends.
Wick Percentage Calculation: The indicator calculates the percentage of the wick length relative to the true range of each candle. Users can specify a threshold percentage, and when the wick percentage exceeds this threshold, it indicates a potential support or resistance zone.
Support and Resistance Zones: The indicator plots support and resistance zones based on the calculated wick percentage. These zones are visualized as rectangular boxes on the price chart, highlighting areas where price reversals or significant price movements are likely to occur.
Customizable Styling: Users can customize the styling of support and resistance zones, including line style, width, border color, and background color. This flexibility allows traders to adapt the indicator's visual appearance to their personal preferences and trading strategies.
🔶 Usage
Traders can utilize the ATR Based Support and Resistance Indicator in various ways :
Trend Direction Analysis: By observing the color-coded impulse candles, traders can identify the prevailing trend direction (bullish or bearish) based on the frequency and magnitude of impulses.
Entry and Exit Signals: Traders can use the detected support and resistance zones as potential entry and exit points for their trades. When price approaches these zones, it may indicate a trading opportunity or signal the need to adjust stop-loss or take-profit levels.
Confirmation Tool: The indicator serves as a confirmation tool for identifying potential reversal or continuation signals in conjunction with other technical indicators or trading strategies.
Hedge Coin M - Statistical Support and ResistanceHedge Coin M - Statistical Support and Resistance
Introduction
"Hedge Coin M - Statistical Support and Resistance" is a sophisticated, statistically-driven indicator designed specifically for traders in the COIN-M market on Binance. It offers a nuanced approach to identifying key market levels, focusing on the dynamics of support and resistance through advanced volatility analysis.
Foundation and Credits:
This script is an advanced adaptation of TradingView's standard code for the Bollinger Bands indicator. It extends the foundational concept of Bollinger Bands by integrating additional volatility metrics.
Calculation Method
This indicator employs Volume Weighted Moving Averages (VWMA) to create two distinct sets of Bollinger Bands, named BB-a and BB-b.
BB-a is derived from the VWMA of high prices, targeting potential resistance levels.
BB-b is based on the VWMA of low prices, aimed at identifying critical support levels.
Users can independently adjust the standard deviation (SD) multipliers for the upper and lower bands of both BB-a and BB-b, accommodating different market conditions.
Enhanced Volatility Analysis
The indicator calculates additional standard deviation lines for the upper band of BB-a and the lower band of BB-b. These lines provide deeper insights into market volatility.
Plotted Graphs
The primary plots include the upper and lower bands of BB-a and BB-b, marked in distinct colors for clarity.
Additional SD lines are plotted to indicate potential extended levels of support and resistance, offering traders a broader view of possible market movements.
Purpose and Usage
"Hedge Coin M - Statistical Support and Resistance" is designed to provide traders with a consistent, statistical method for identifying significant price levels.
It aids in scaling entry into positions, helping traders to navigate the COIN-M market with more informed decision-making.
This tool is especially useful for traders who combine long-term holding with swing trading strategies, offering a balanced approach to market engagement.
Integration and Adaptation
Easily integrate this indicator into your TradingView chart for the COIN-M market.
Use the insights provided to complement your overall trading strategy, particularly in identifying and reacting to significant market movements.
Disclaimer
Important Note: This indicator is provided for informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other sort of advice. Trading decisions should be made based on your own analysis, prudence, and judgment. Please be aware of the risks involved in trading and consult a financial advisor if necessary.
Support and Resistance (MTF) | Flux Charts💎 GENERAL OVERVIEW
Introducing a groundbreaking support and resistance indicator designed to revolutionize your trading experience on TradingView! This innovative tool operates across three distinct timeframes, offering a comprehensive view of market dynamics to help you make informed trading decisions.
The indicator offers a large variety of features :
Select Up To 3 Timeframes
Select Strength Of Supports & Resistances
Select Between Zones & Lines
Show Breaks & Restests
Break & Retest Alerts
Avoid False Breaks
Inverse Color After Broken
Expand Lines & Zones
🚩UNIQUENESS
What sets this indicator apart is its ability to seamlessly integrate and analyze support and resistance levels across multiple timeframes simultaneously. By combining data from three different timeframes, this indicator provides a holistic perspective on market trends and key levels. The adaptive nature of this tool ensures a dynamic assessment of support and resistance zones, empowering traders to adapt to changing market conditions efficiently.
⚙️SETTINGS
1. General Configration
Support & Resistance Count -> Select between 1-3 support & resistance zones for each timeframe.
Pivot Range -> The pivot range is taken into calculations when finding high & low pivots in the chart. Increase if you need a more general look at the support & support zones, or decrease if you need a more detailed look.
Strength -> The strength of the support & resistance zones are determined by how many times the price touched the zone in the past. You can increase the strength up to 4.
Expand Lines & Zones -> If enabled, the support & resistance zones will be expanded to both left and right infinitely. If disabled, the support & resistance zones will be clamped between the time they are first seen, and the time they become broken.
2. Support & Resistance Zones
Enable Zones -> The support & resitsance lines will be converted to zones if enabled.
Zone Width -> The width of the zones. 1 -> %0.05, 2 -> %0.06, 3 -> %0.075.
3. Timeframes
Enable & Disable up to 3 different timeframes using the checkboxes. You can set the timeframes using the selectboxes.
4. Breaks & Retests
Show Breaks -> Points the break points with a blue label with the text "B" on it.
Show Retests -> Points the times when the support & resistance zones are being retested in the current chart.
Avoid False Breaks -> If enabled, the algorithm will try to avoid false break points by comparing the average volume of the point to a longer average volume.
Break Volume Threshold % -> If "Avoid False Breaks" option is enabled, the average volume of the break point should surpass the general average volume by this percent. Higher values mean it's less likely to be a break.
Inverse Color After Broken -> As broken support & resistance zones often become resistance & support zones respectively, if you enable this option the broken zones will inverse their color.
5. Alerts
To make the alerts work, you'll need to add an alert to the chart using the TradingView® alert feature.
Enable Retest Alerts -> You will receive alerts when restests happen on any of the support & resistance zones. "Show Retests" option needs to be enabled to get alerts of this category.
Enable Break Alerts -> You will receive alerts when breaks happen on any of the support & resistance zones.
Peak & Valley Levels [AlgoAlpha]The Peak & Valley Levels indicator is a sophisticated script designed to pinpoint key support and resistance levels in the market. By utilizing candle length and direction, it accurately identifies potential reversal points, offering traders valuable insights for their strategies.
Core Components:
Peak and Valley Detection: The script recognizes peaks and valleys in price action. Peaks (potential resistance levels) are identified when a candle is longer than the previous one, changes direction, and closes lower, especially on lower volume. Valleys (potential support levels) are detected under similar conditions but with the candle closing higher.
Color-Coded Visualization:
Red lines mark resistance levels, signifying peaks in the price action.
Green lines indicate support levels, representing valleys.
Dynamic Level Adjustment: The script adapts these levels based on ongoing market movements, enhancing their relevance and accuracy.
Rejection Functions:
Bullish Rejection: Determines if a candlestick pattern rejects a level as potential support.
Bearish Rejection: Identifies if a pattern rejects a level as possible resistance.
Usage and Strategy Integration:
Visual Aid for Support and Resistance: The indicator is invaluable for visualizing key market levels where price reversals may occur.
Entry and Exit Points: Traders can use the identified support and resistance levels to fine-tune entry and exit points in their trading strategies.
Trend Reversal Signals: The detection of peaks and valleys serves as an early indicator of potential trend reversals.
Application in Trading:
Versatile for Various Trading Styles: This indicator can be applied across different trading styles, including swing trading, scalping, or trend-following approaches.
Complementary Tool: For best results, it should be used alongside other technical analysis tools to confirm trading signals and strategies.
Customization and Adaptability: Traders are encouraged to experiment with different settings and timeframes to tailor the indicator to their specific trading needs and market conditions.
In summary, the Peak & Valley Levels by AlgoAlpha is a dynamic and adaptable tool that enhances a trader’s ability to identify crucial market levels. Its integration of candlestick analysis with dynamic level adjustment offers a robust method for spotting potential reversal points, making it a valuable addition to any trader's toolkit.
Automatic Trend Lines & S/R Zones Pro [Quantigenics]The “Automatic Trend Lines & S/R Zones Pro ” script is an innovative tool that integrates automated support and resistance zone identification with trend line generation. This script is an invaluable asset in technical analysis, adeptly identifying critical price reversal or breakout areas and drawing trend lines to gauge market direction and momentum. It generates trading signals based on support/resistance and trend line dynamics, making it a versatile standalone or complementary tool suitable for any market or time frame.
The "Automatic Trend Lines & S/R Zones Pro " script performs advanced financial chart analysis by algorithmically identifying support/resistance zones and generating trend lines It analyzes historical data, applying calculations like the highest and lowest price points over specified periods (defined by 'PeakOverBar' and 'LowOverBar' settings) to determine potential support and resistance zones. Trend lines are drawn by connecting significant price peaks and troughs, calculated based on user-defined strength parameters. The script also produces trading signals by analyzing price interactions with these zones and trend lines, using algorithms to detect breakouts or rejections, thus aiding traders in informed decision-making.
Technical Composition: a
Support and Resistance Zone Detection : Mechanism: Utilizes historical price data to identify key levels indicative of intense trading activity, revealing potential price stalling or reversals. These levels are marked based on past market actions and supply-demand dynamics.
Visualization: Zones are highlighted with colored boxes, enabling traders to easily spot shifts in market sentiment.
Automatic Trend Line Generation : Methodology: Connects significant price highs and lows over a designated period, customizable through inputs like PeakOverBar and LowOverBar.
Utility : These trend lines act as crucial indicators of uptrend support and downtrend resistance, aiding in the recognition of potential breakout or reversal zones and trend directions.
Customization and Flexibility : Adjustable Parameters: Includes customization options for peak/trough identification periods, trend line visibility, and extent of support/resistance zones.
Enhanced User Experience : Designed to be intuitive and adaptable, catering to diverse trading styles and strategies.
Usage in Trading :
Entry and Exit Points: The trade signals plotted at the support/resistance zones can be used for identifying both entry and exit points, in anticipation of price stalling and potentially reversing, and breakout signals plotted as price breaks trendlines can be used for breakout trading strategies, as well as stop loss areas.
Signal Alerts: Real-time alerts for significant interactions with trend lines or S/R zones, vital for both entry and exit strategies.
Integration with Other Systems: While effective as a standalone tool, it can also be used alongside other indicators for a more robust trading method.
Input Parameter Settings :
Intra-Bar Signal Generation (IntraBar) : Allows toggling between immediate signal generation within the current bar or after bar closure.
Peak and Low Over Bar (PeakOverBar, LowOverBar) : Sets the bar count for identifying market peaks and lows, adjustable for analyzing different market trends.
Strongest Peaks and Lows Period (StrongestFromPeaks, StrongestFromLows) : Determines the period for identifying significant market peaks and lows.
Show S/R Zones (ShowSRZones) : Enables the display of Support/Resistance zones for better market insight.
Trend Line Type (TrendLineType) : Offers options for trend line styles, like "One Line" or "Triple Lines."
Extend Trend Lines (ExtendTrendLines) : Configures the extension length of trend lines, useful for predicting future trends.
Peak and Low Trend Line Settings (ShowPeakTrendLine, ShowLowTrendLine, etc.) : Manage the display and characteristics of specific trend lines.
Signal Settings (ShowLabels, ShowBreakSignals, ShowPopUPSignals, etc.) : Customizes the appearance and frequency of signals and alerts.
Alert Settings (ShowTrendBreakSignals, ShowTrendPopSignals, etc.) : Configures alerts for significant market events like trend line breaks or rejections.
The "Automatic Trend Lines & S/R Zones Pro" script stands out as an essential tool for traders, offering comprehensive support/resistance and trend line analysis in a single package. Its automatic features, combined with customizable options, make it a key element in elevating market analysis and informed trading decision-making.
As always, remember that trading involves risks and past performance is not indicative of future results.
You can see the “Author’s instructions below to get immediate access to Automatic Trend Lines & S/R Zones Pro & the rest of the “Quantigenics Premium Indicator Suite”.
VIX based LevelsSupport and resistance levels for the day based on the volatility index.
Major - The Major support line where the day low, high or close can occur at that level
Minor - The second level of the Support/Resistance line , where we can expect some rejections or breakouts/breakdowns
Mild - The mid level between the Major and minor levels. The market may consolidate around that area.
The script will automatically get the previous day close value of the current scrip and the India vix.
India vix is calculated based on the annual percentage and hence the previous day close value of the scrip is divided by 19.1 ( square root of 365 )
The PDC values can be manually overridden for backtesting purposes.
Please note, there will be some slippages involved on the trend lines.
buy/sell signals with Support/Resistance (InvestYourAsset) 📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price.
📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's price.
📣 The indicator also plots support and resistance levels, which can be used to confirm buy and sell signals. The support and resistance can also be used as a stoploss for existing position.
👉 To use the indicator, simply add it to your trading chart. The indicator will plot three sections:
📈 Price and Signals: This section plots the security's price and the MACD buy and sell signals.
📈 MACD Oscillator: This section plots the MACD oscillator, which is a histogram that shows the difference between the two moving averages.
📈 Moving Averages: This section plots the two moving averages that the MACD oscillator is based on.
📈 Support and Resistance: This section plots support and resistance levels, which are calculated based on the security's recent price action.
👉 To identify buy and sell signals, you can look for the following:
📈 Buy signal: When shorter Moving Average crosses over longer Moving Average.
📈 Sell signal: When shorter moving average crosses under longer moving average.
📈 You can also look for divergences between the MACD oscillator and the security's price. A divergence occurs when the MACD oscillator is moving in one direction, but the security's price is moving in the opposite direction. Divergences can be a sign of a potential trend reversal.
👉 To confirm buy and sell signals, you can look for support and resistance levels take a look at below snapshot. If a buy signal occurs at a support level, it is a stronger signal than if it occurs at a random price level. Similarly, if a sell signal occurs at a resistance level, it is a stronger signal than if it occurs at a random price level.
⚡ Here is a example of how to use the indicator to identify buy signal:
☑ Add the indicator to your trading chart.
☑Look for a buy signal when short MA crosses over Long MA.
☑Look for the buy signal to occur at a support level.
☑Enter a long position at the next candle.
☑Place a stop loss order below the support level.
☑Take profit when the MACD line crosses below the signal line, or when the security reaches a resistance level.
⚡ Here is an example of how to use the indicator to identify a sell signal:
☑Add the indicator to your trading chart.
☑Look for a sell signal, when shorter moving average crosses under longer moving average.
☑Look for the sell signal to occur at a resistance level.
☑Enter a short position at the next candle.
☑Place a stop loss order above the resistance level.
☑Take profit when the MACD line crosses above the signal line, or when the security reaches a support level.
✅Things to consider while using the indicator:
📈Look for buy signals in an uptrend and sell signals in a downtrend. This will increase the likelihood of your trades being successful.
📈Place your stop losses below the previous swing low or support for buy signals and above the previous swing high or resistance for sell signals. This will help to limit your losses if the trade goes against you.
📈Consider taking profits at key resistance and support levels. This will help you to lock in your profits and avoid giving them back to the market.
Follow us for timely updates regarding indicators that we may publish in future and give it a like if you appreciate the indicator.
Breakout/Breakdown Indicator (30 Min Range) by InvestYourAsset👉The indicator provided here is a technical analysis indicator for TradingView users that identifies potential breakout and breakdown opportunities on the initial 30-minute range in every trading session.
👉The indicator high and low of the initial 30-minute period and plotting them as horizontal lines on the chart. The high is marked in green line and the low is marked in red line.
📈The indicator then generates buy and sell signals based on whether the current close price crosses above or below the previous 30-minute high and low, respectively.
📢The indicator also has two inputs:
👉 sessionStartHour : The hour at which the trading session begins. The default value is 9, However users can change the time according to their own trading style.
👉 sessionStartMinute : The minute at which the trading session begins. The default value is 0.
These inputs can be used to adjust the indicator to the specific trading session that you are interested in.
✅How to use the Indicator:
👉To use the 30 Minute Breakout/Breakdown Indicator, simply add it to your chart and configure the inputs to your liking. Once the indicator is added to the chart, it will plot the 30-minute high and low as horizontal lines, as well as generate buy and sell signals based on the current close price.
✅Here is a step-by-step guide:
📈Open TradingView and select the chart that you want to add the indicator to.
📈Click on the "Indicators" tab and search for "30 Minute Breakout/Breakdown Indicator by InvestYourAsset".
📈Click on the indicator to add it to your chart.
📈Configure the inputs to your liking. The default values are typically fine, but you can experiment with different values to see what works best for you.
📈Once you are satisfied with the settings, click on the "Apply" button.
📈The indicator will now be displayed on your chart. You will see two horizontal lines representing the previous 30-minute high and low, as well as triangles representing buy and sell signals.
✅How to interpret the signals:
📈Buy signal : A buy signal is generated when the current close price crosses above the previous 30-minute high. This suggests that the price is likely to continue moving higher in the short term.
📈Sell signal : A sell signal is generated when the current close price crosses below the previous 30-minute low. This suggests that the price is likely to continue moving lower in the short term.
👉Traders should remember that the present indicator is just one tool that can be used to identify potential trading opportunities. It is important to use other technical analysis tools and risk management techniques to confirm your trading signals before entering any trades.
✅Things to consider while using the indicator:
📈Look for buy signals in an uptrend and sell signals in a downtrend. This will increase the likelihood of your trades being successful.
📈Place your stop losses below the previous 30-minute low for buy signals and above the previous 30-minute high for sell signals. This will help to limit your losses if the trade goes against you.
📈Consider taking profits at key resistance and support levels. This will help you to lock in your profits and avoid giving them back to the market.
Follow us for timely updates regarding indicators that we may publish in future and give it a like if you appreciate the indicator.
