GOLDEN BOYDesenvolvido por Alex Reis
- Indicador de Reversão
- Confluência com a tendência e Canal TMA
- Níveis de Fibonacci
Tipo de Grafico : Range
Tempo do Gráfico: 10R/ 30R / 50R / 100R
Ativo : Gold
מתנדי רוחב
Nitesh - Buyside & Sellside LiquidityLiquidity Zones
Buyside Liquidity Zones: Enables display of the buyside liquidity zones.
Margin: Sets margin/sensitivity for the liquidity zone boundaries.
Color: Color option for buyside liquidity levels & zones.
Sellside Liquidity Zones: Enables display of the sellside liquidity zones.
Margin: Sets margin/sensitivity for the liquidity zone boundaries.
Color: Color option for sellside liquidity levels & zones.
🔹 Liquidity Voids
Liquidity Voids: Enables display of both bullish and bearish liquidity voids.
Label: Enables display of a label indicating liquidity voids.
James//@version=5
indicator("Forex Entry Signals (RSI + EMA)", overlay=false)
// Configuração do RSI
rsiLength = input(14, "RSI Length")
rsi = ta.rsi(close, rsiLength)
// Configuração da EMA
emaLength = input(50, "EMA Length")
ema = ta.ema(close, emaLength)
// Lógica de compra e venda
buySignal = ta.crossover(close, ema) and rsi < 30
sellSignal = ta.crossunder(close, ema) and rsi > 70
// Plot do RSI
plot(rsi, color=color.blue, linewidth=2, title="RSI")
hline(70, "Overbought", color=color.red)
hline(30, "Oversold", color=color.green)
// Marcar setas no gráfico
if buySignal
label.new(bar_index, close, text="BUY", color=color.green, style=label.style_label_up, textcolor=color.white, size=size.small)
if sellSignal
label.new(bar_index, close, text="SELL", color=color.red, style=label.style_label_down, textcolor=color.white, size=size.small)
Уровни поддержки и сопротивления ликвидации Биткоина Этот индикатор поможет вам визуализировать потенциальные зоны ликвидаций на графике и принимать более информированные торговые решения.
Advanced Strategy: Buy and Sell//@version=5
indicator("Advanced Strategy: Buy and Sell", overlay=true)
// User Inputs
ema_fast_length = input.int(12, title="EMA Fast Period")
ema_slow_length = input.int(26, title="EMA Slow Period")
rsi_period = input.int(14, title="RSI Period")
macd_fast = input.int(12, title="MACD Fast Period")
macd_slow = input.int(26, title="MACD Slow Period")
macd_signal = input.int(9, title="MACD Signal Period")
bb_length = input.int(20, title="Bollinger Bands Period")
bb_mult = input.float(2.0, title="Bollinger Bands Std Dev")
adx_period = input.int(14, title="ADX Period")
adx_threshold = input.int(20, title="Minimum ADX for Trend Validation")
// Indicator Calculations
ema_fast = ta.ema(close, ema_fast_length)
ema_slow = ta.ema(close, ema_slow_length)
rsi = ta.rsi(close, rsi_period)
= ta.macd(close, macd_fast, macd_slow, macd_signal)
= ta.bb(close, bb_length, bb_mult)
// ADX Calculation
true_range = ta.rma(ta.tr, adx_period)
plus_dm = ta.rma(ta.change(high) > ta.change(low) ? math.max(ta.change(high), 0) : 0, adx_period)
minus_dm = ta.rma(ta.change(low) > ta.change(high) ? math.max(ta.change(low), 0) : 0, adx_period)
plus_di = (plus_dm / true_range) * 100
minus_di = (minus_dm / true_range) * 100
dx = math.abs(plus_di - minus_di) / (plus_di + minus_di) * 100
adx = ta.rma(dx, adx_period)
// Buy Rules
buy_signal = ta.crossover(ema_fast, ema_slow) and rsi < 50 and macd_line > signal_line and close < bb_lower and adx > adx_threshold
// Sell Rules
sell_signal = ta.crossunder(ema_fast, ema_slow) and rsi > 50 and macd_line < signal_line and close > bb_upper and adx > adx_threshold
// Plot Indicators on the Chart
plot(ema_fast, color=color.green, title="EMA Fast")
plot(ema_slow, color=color.red, title="EMA Slow")
plot(bb_upper, color=color.orange, title="Bollinger Upper Band")
plot(bb_lower, color=color.orange, title="Bollinger Lower Band")
// Buy and Sell Signals
plotshape(buy_signal, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, title="Buy Signal")
plotshape(sell_signal, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, title="Sell Signal")
// Alerts
alertcondition(buy_signal, title="Buy Alert", message="Buy Signal Detected!")
alertcondition(sell_signal, title="Sell Alert", message="Sell Signal Detected!")
1 Minute Candle Strategythe script will work on any time frame, but specifically mentioned on 1 minutes candles. when applied on a 1 minutes chart the script will execute based on minute candle.
Price H/L Look BackPrice H/L Look Back
Last x # of days will show the high/low for that time period.
Work in progress.....
Dashboard MTF profile volume Indicator Description
This indicator, titled "Swing Points and Liquidity & Profile Volume," combines multiple features to provide a comprehensive market analysis:
Volume Profile: Displays buy and sell volumes across multiple timeframes (1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, 1 day).
Volume Moving Averages: Plots two moving averages (short and long) to analyze volume trends.
Dashboard: A summary dashboard shows buy and sell volumes for each timeframe, with distinct colors for better visualization.
Swing Points: Identifies liquidity levels and swing points to help pinpoint key entry and exit zones.
How to Use
1. Indicator Installation
Go to TradingView.
Open the Pine Script Editor.
Copy and paste the provided code.
Click on "Add to Chart."
2. Indicator Settings
The indicator offers several customizable parameters:
Display Volume (1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, 1 day): Enable or disable volume display for each timeframe.
Short Moving Average Length (MA): Set the short moving average period (default: 5).
Long Moving Average Length (MA): Set the long moving average period (default: 14).
Dashboard Position: Choose where to display the dashboard (bottom-right, bottom-left, top-right, top-left).
Text Color: Customize the text color in the dashboard.
Text Size: Choose text size (small, normal, large).
3. Using the Indicator
Volume Analysis
The dashboard displays buy (Buy Volume) and sell (Sell Volume) volumes for each timeframe.
Buy Volume: Volume of trades where the closing price is higher than the opening price (aggressive buying).
Sell Volume: Volume of trades where the closing price is equal to or lower than the opening price (aggressive selling).
Volumes are displayed in real-time and update with each new candle.
Volume Moving Averages
Two moving averages are plotted on the chart:
MA Volume (Short): Short moving average (blue) to identify short-term volume trends.
MA Volume (Long): Long moving average (red) to identify long-term volume trends.
Use these moving averages to spot accumulation or distribution periods.
Swing Points and Liquidity
Swing points are identified based on price levels where volumes are highest.
These levels can act as support/resistance zones or liquidity areas to plan entries and exits.
Usage Guidelines
1. Entering a Position
Buy (Long):
When Buy Volume is significantly higher than Sell Volume across multiple timeframes.
When the short moving average (blue) crosses above the long moving average (red).
Sell (Short):
When Sell Volume is significantly higher than Buy Volume across multiple timeframes.
When the short moving average (blue) crosses below the long moving average (red).
2. Exiting a Position
Use liquidity levels (swing points) to set profit targets or stop-loss levels.
Monitor volume changes to anticipate trend reversals.
3. Risk Management
Use stop-loss orders to limit losses.
Avoid trading during low-volume periods to reduce false signals.
Compliance with Trading View Guidelines
Intellectual Property:
The code is provided for educational and personal use. You may modify and use it but cannot resell or distribute it as your own work.
Responsible Use:
Trading View encourages responsible use of indicators. Test the indicator on a demo account before using it in live trading.
Transparency:
The code is fully transparent and can be reviewed in the Pine Script Editor. You may modify it to suit your needs.
Practical Examples
Scenario 1: Bullish Trend
Buy Volume is high on 1-hour and 4-hour time frames.
The short moving average (blue) is above the long moving average (red).
Action: Open a long position (Buy) and set a stop-loss below the last swing low.
Scenario 2: Bearish Trend
Sell Volume is high on 1-hour and 4-hour time frames.
The short moving average (blue) is below the long moving average (red).
Action: Open a short position (Sell) and set a stop-loss above the last swing high.
Reliance 30-Minute Third Candle Breakouthere we are talking about reliance 30 min candle break out it an give you clear break out most of the time
Custom VWAP + ATR (D.Kh)Линии VWAP и ATR на выбранном инструменте ATR (Average True Range) — это индикатор, измеряющий среднюю волатильность цены за определенный период. Он используется для установки стоп-лоссов, определения рыночной волатильности и создания торговых стратегий. Рассмотрим, как его реализовать и использовать.
Candle Rangethe Candle Range refers to the difference between the high price (High) and the low price (Low) of a specific candle or bar.
Example:
For a given candle on the chart:
The high price is 120.
The low price is 100.
The candle range is 20 (120 - 100).
Uses:
Volatility Measurement: The candle range is often used to assess an asset's volatility over time. For example, averaging candle ranges can indicate the average volatility.
Indicator Development: Many indicators, such as Average True Range (ATR), rely on candle ranges to provide insights about market conditions.
Trade Filters: Candle ranges can act as filters in strategies to avoid trading during periods of low volatility.
Fibobull Düzeltme Türkce Vol.2//@version=5
//@fibobull
indicator("Fibobull Düzeltme Türkce Vol.2", overlay=true)
devTooltip = "Deviation is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot."
depthTooltip = "The minimum number of bars that will be taken into account when calculating the indicator."
// Pivots threshold
threshold_multiplier = input.float(title="Deviation", defval=10, minval=0, tooltip=devTooltip)
depth = input.int(title="Depth", defval=3, minval=2, tooltip=depthTooltip)
reverse = input(false, "Reverse", display = display.data_window)
var extendLeft = input(false, "Extend Left | Extend Right", inline = "Extend Lines")
var extendRight = input(true, "", inline = "Extend Lines")
var extending = extend.none
if extendLeft and extendRight
extending := extend.both
if extendLeft and not extendRight
extending := extend.left
if not extendLeft and extendRight
extending := extend.right
prices = input(true, "Show Prices", display = display.data_window)
levels = input(true, "Show Levels", inline = "Levels", display = display.data_window)
labelsPosition = input.string("Left", "Labels Position", options = , display = display.data_window)
var int backgroundTransparency = input.int(85, "Background Transparency", minval = 0, maxval = 100, display = display.data_window)
// Text size input
textSize = input.string(title="Text Size", defval="normal", options= , display = display.data_window)
import TradingView/ZigZag/7 as zigzag
update() =>
var settings = zigzag.Settings.new(threshold_multiplier, depth, color(na), false, false, false, false, "Absolute", true)
var zigzag.ZigZag zigZag = zigzag.newInstance(settings)
var zigzag.Pivot lastP = na
var float startPrice = na
var float endPrice = na // End price değişkenini ekliyoruz
var float height = na
settings.devThreshold := ta.atr(10) / close * 100 * threshold_multiplier
if zigZag.update()
lastP := zigZag.lastPivot()
if not na(lastP)
var line lineLast = na
if na(lineLast)
lineLast := line.new(lastP.start, lastP.end, xloc=xloc.bar_time, color=color.gray, width=1, style=line.style_dashed)
else
line.set_first_point(lineLast, lastP.start)
line.set_second_point(lineLast, lastP.end)
startPrice := reverse ? lastP.start.price : lastP.end.price
endPrice := reverse ? lastP.end.price : lastP.start.price // End price'i burada atıyoruz
height := (startPrice > endPrice ? -1 : 1) * math.abs(startPrice - endPrice)
= update()
_draw_line(price, col) =>
var id = line.new(lastP.start.time, lastP.start.price, time, price, xloc=xloc.bar_time, color=col, width=1, extend=extending)
line.set_xy1(id, lastP.start.time, price)
line.set_xy2(id, lastP.end.time, price)
id
_draw_label(price, txt, txtColor) =>
x = labelsPosition == "Left" ? lastP.start.time : not extendRight ? lastP.end.time : time
labelStyle = labelsPosition == "Left" ? label.style_label_right : label.style_label_left
align = labelsPosition == "Left" ? text.align_right : text.align_left
var id = label.new(x=x, y=price, xloc=xloc.bar_time, text=txt, textcolor=txtColor, style=labelStyle, textalign=align, color=#00000000, size=textSize)
label.set_xy(id, x, price)
label.set_text(id, txt)
label.set_textcolor(id, txtColor)
_label_txt(level, price) =>
(levels ? level : "") + (prices ? " (" + str.tostring(price, format.mintick) + ")" : "")
_crossing_level(series float sr, series float r) =>
(r > sr and r < sr ) or (r < sr and r > sr )
processLevel(bool show, float value, string label, color colorL, line lineIdOther) =>
r = startPrice + height * value
crossed = _crossing_level(close, r)
if show and not na(lastP)
lineId = _draw_line(r, colorL)
_draw_label(r, _label_txt(label, r), colorL)
if crossed
alert("Autofib: " + syminfo.ticker + " crossing level " + str.tostring(label))
if not na(lineIdOther)
linefill.new(lineId, lineIdOther, color = color.new(colorL, backgroundTransparency))
lineId
else
lineIdOther
// Define the text values and colors for each level
show_tepe = input(true, "Show Tepe", display = display.data_window)
color_tepe = input(color.new(color.gray, 50), "Tepe Color", display = display.data_window)
show_tepeye_yakin = input(true, "Show Tepeye Yakın", display = display.data_window)
color_tepeye_yakin = input(color.new(color.green, 50), "Tepeye Yakın Color", display = display.data_window)
show_hala_duzeltiyor = input(true, "Show Düzeltiyor", display = display.data_window)
color_hala_duzeltiyor = input(color.new(color.red, 50), "Düzeltiyor Color", display = display.data_window)
show_alim_yerleri = input(true, "Show Alım Yerleri", display = display.data_window)
color_alim_yerleri = input(color.new(color.blue, 50), "Alım Yerleri Color", display = display.data_window)
show_alabilirsin = input(true, "Show Alabilirsin", display = display.data_window)
color_alabilirsin = input(color.new(color.orange, 50), "Alabilirsin Color", display = display.data_window)
show_almaya_devam = input(true, "Show Almaya Devam", display = display.data_window)
color_almaya_devam = input(color.new(color.purple, 50), "Almaya Devam Color", display = display.data_window)
show_maliyet_dusur = input(true, "Show Maliyet Düşür", display = display.data_window)
color_maliyet_dusur = input(color.new(color.yellow, 50), "Maliyet Düşür Color", display = display.data_window)
show_maliyet_dusur_stop_ol = input(true, "Show Maliyet Düşür - Altında Stop OL", display = display.data_window)
color_maliyet_dusur_stop_ol = input(color.new(color.red, 50), "Maliyet Düşür - Altında Stop OL Color", display = display.data_window)
// Determine the text labels based on the direction
labelTepe = startPrice > endPrice ? "Tepe" : "Dip"
labelTepeyeYakin = startPrice > endPrice ? "Tepeye Yakın" : "Dibe Yakın"
labelHalaDuzeltiyor = startPrice > endPrice ? "Düzeltiyor" : "Düşüşü Düzeltiyor"
labelAlimYerleri = startPrice > endPrice ? "Alış Yerleri" : "Satış Yerleri"
labelAlabilirsin = startPrice > endPrice ? "Alabilirsin" : "Satabilirsin"
labelAlmayaDevam = startPrice > endPrice ? "Almaya Devam" : "Satmaya Devam"
labelMaliyetDusur = startPrice > endPrice ? "Maliyet Düşür" : "Stop Hazırlan"
labelMaliyetDusurStopOl = startPrice > endPrice ? "Maliyet Düşür-Altında Stop OL" : "Son Seviye Üstünde Stop OL"
// Process each text level
lineIdTepe = processLevel(show_tepe, 0.0, labelTepe, color_tepe, line(na))
lineIdTepeyeYakin = processLevel(show_tepeye_yakin, 0.236, labelTepeyeYakin, color_tepeye_yakin, lineIdTepe)
lineIdHalaDuzeltiyor = processLevel(show_hala_duzeltiyor, 0.382, labelHalaDuzeltiyor, color_hala_duzeltiyor, lineIdTepeyeYakin)
lineIdAlimYerleri = processLevel(show_alim_yerleri, 0.5, labelAlimYerleri, color_alim_yerleri, lineIdHalaDuzeltiyor)
lineIdAlabilirsin = processLevel(show_alabilirsin, 0.618, labelAlabilirsin, color_alabilirsin, lineIdAlimYerleri)
lineIdAlmayaDevam = processLevel(show_almaya_devam, 0.65, labelAlmayaDevam, color_almaya_devam, lineIdAlabilirsin)
lineIdMaliyetDusur = processLevel(show_maliyet_dusur, 0.786, labelMaliyetDusur, color_maliyet_dusur, lineIdAlmayaDevam)
lineIdMaliyetDusurStopOl = processLevel(show_maliyet_dusur_stop_ol, 1.0, labelMaliyetDusurStopOl, color_maliyet_dusur_stop_ol, lineIdMaliyetDusur)
Fibonacci Trend - Aynet1. Inputs
lookbackPeriod: Defines the number of bars to consider for calculating swing highs and lows. Default is 20.
fibLevel1 to fibLevel5: Fibonacci retracement levels to calculate price levels (23.6%, 38.2%, 50%, 61.8%, 78.6%).
useTime: Enables or disables time-based Fibonacci projections.
riskPercent: Defines the percentage of risk for trading purposes (currently not used in calculations).
2. Functions
isSwingHigh(index): Identifies a swing high at the given index, where the high of that candle is higher than both its previous and subsequent candles.
isSwingLow(index): Identifies a swing low at the given index, where the low of that candle is lower than both its previous and subsequent candles.
3. Variables
swingHigh and swingLow: Store the most recent swing high and swing low prices.
swingHighTime and swingLowTime: Store the timestamps of the swing high and swing low.
fib1 to fib5: Fibonacci levels based on the difference between swingHigh and swingLow.
4. Swing Point Detection
The script checks if the last bar is a swing high or swing low using the isSwingHigh() and isSwingLow() functions.
If a swing high is detected:
The high price is stored in swingHigh.
The timestamp of the swing high is stored in swingHighTime.
If a swing low is detected:
The low price is stored in swingLow.
The timestamp of the swing low is stored in swingLowTime.
5. Fibonacci Levels Calculation
If both swingHigh and swingLow are defined, the script calculates the Fibonacci retracement levels (fib1 to fib5) based on the price difference (priceDiff = swingHigh - swingLow).
6. Plotting Fibonacci Levels
Fibonacci levels (fib1 to fib5) are plotted as horizontal lines using the line.new() function.
Labels (e.g., "23.6%") are added near the lines to indicate the level.
Lines and labels are color-coded:
23.6% → Blue
38.2% → Green
50.0% → Yellow
61.8% → Orange
78.6% → Red
7. Filling Between Fibonacci Levels
The plot() function creates lines for each Fibonacci level.
The fill() function is used to fill the space between two levels with semi-transparent colors:
Blue → Between fib1 and fib2
Green → Between fib2 and fib3
Yellow → Between fib3 and fib4
Orange → Between fib4 and fib5
8. Time-Based Fibonacci Projections
If useTime is enabled:
The time difference (timeDiff) between the swing high and swing low is calculated.
Fibonacci time projections are added based on multiples of 23.6%.
If the current time reaches a projected time, a label (e.g., "T1", "T2") is displayed near the high price.
9. Trading Logic
Two placeholder variables are defined for trading logic:
longCondition: Tracks whether a condition for a long trade is met (currently not implemented).
shortCondition: Tracks whether a condition for a short trade is met (currently not implemented).
These variables can be extended to define entry/exit signals based on Fibonacci levels.
How It Works
Detect Swing Points: It identifies recent swing high and swing low points on the chart.
Calculate Fibonacci Levels: Based on the swing points, it computes retracement levels.
Visualize Levels: Plots the levels on the chart with labels and fills between them.
Time Projections: Optionally calculates time-based projections for future price movements.
Trading Opportunities: The framework provides tools for detecting potential reversal or breakout zones using Fibonacci levels.
P/L CalculatorDescription of the P/L Calculator Indicator
The P/L Calculator is a dynamic TradingView indicator designed to provide traders with real-time insights into profit and loss metrics for their trades. It visualizes key levels such as entry price, profit target, and stop-loss, while also calculating percentage differences and net profit or loss, factoring in fees.
Features:
Customizable Input Parameters:
Entry Price: Define the starting price of the trade.
Profit and Stop-Loss Levels (%): Set percentage thresholds for targets and risk levels.
USDT Amount: Specify the trade size for precise calculations.
Trade Type: Choose between "Long" or "Short" positions.
Visual Representation:
Entry Price, Profit Target, and Stop-Loss levels are plotted as horizontal lines on the chart.
Line styles, colors, and thicknesses are fully customizable for better visibility.
Real-Time Metrics:
Percentage difference between the live price and the entry price is calculated dynamically.
Profit/Loss (P/L) and fees are computed in real time to display net profit or loss.
Alerts:
Alerts are triggered when:
The live price hits the profit target.
The live price crosses the stop-loss level.
The price reaches the specified entry level.
A user-defined percentage difference is reached.
Labels and Annotations:
Displays percentage difference, P/L, and fee information in a clear label near the live price.
Custom Fee Integration:
Allows input of trading fees (%), enabling accurate net profit or loss calculations.
Price Scale Visualization:
Displays the percentage difference on the price scale for enhanced context.
Use Case:
The P/L Calculator is ideal for traders who want to monitor their trades' performance and make informed decisions without manually calculating metrics. Its visual cues and alerts ensure you stay updated on critical levels and price movements.
This indicator supports a wide range of trading styles, including swing trading, scalping, and position trading, making it a versatile tool for anyone in the market.
Enhanced SMA Strategy with Trend Lines & S&R by DaxThe Enhanced SMA Strategy with Trend Lines & Support/Resistance (S&R) by Dax indicator is a technical analysis tool designed to improve trading decisions by combining the simplicity of the Simple Moving Average (SMA) with the insight provided by trend lines and support/resistance levels. This hybrid approach aims to create a more robust and reliable trading strategy.
Key Components:
Simple Moving Average (SMA):
SMA is a basic trend-following indicator that calculates the average of a set of price data over a specified period. It helps identify the direction of the market, such as whether an asset is in an uptrend or downtrend.
The Enhanced SMA Strategy may use multiple SMAs, such as short-term (e.g., 20-period) and long-term (e.g., 50-period), to detect crossovers that signal buy or sell opportunities. For example, a bullish crossover occurs when a short-term SMA crosses above a long-term SMA, indicating a potential buying signal, while a bearish crossover signals a potential sell.
Trend Lines:
Trend lines are drawn on the price chart to visually identify the direction of the market, acting as dynamic support and resistance levels. A trend line is drawn by connecting two or more price points that demonstrate the overall price movement.
Trend lines can help traders see potential breakout or breakdown points. A price breaking above a downtrend line or below an uptrend line often signals a trend reversal.
Support and Resistance (S&R):
Support levels are price levels where an asset tends to find buying interest and stop falling, while Resistance levels are points where selling pressure emerges and prevent the price from rising further.
These levels are critical in determining where price reversals or consolidations are likely to occur. Enhanced S&R indicators can automatically identify these levels and draw horizontal lines at these critical points on the chart.
Combining S&R with SMA can help traders decide whether a breakout or bounce is likely at these levels, increasing the odds of a successful trade.
How It Works:
Trend Identification: The SMA is used to determine the trend direction. A rising SMA indicates an uptrend, while a falling SMA suggests a downtrend.
Signal Generation: The strategy often uses a combination of SMA crossovers (bullish or bearish) along with the confirmation of price action near trend lines and support/resistance levels. For example:
If a price breaks above resistance and the short-term SMA crosses above the long-term SMA, a buy signal is confirmed.
Conversely, if the price breaks below support and the short-term SMA crosses below the long-term SMA, a sell signal is given.
Dynamic Support/Resistance: Trend lines are drawn automatically or manually to spot areas where price might reverse. The Enhanced SMA Strategy checks if the price is close to these levels, providing a more precise entry/exit point based on the broader market context.
Advantages of the Enhanced SMA Strategy with Trend Lines & S&R:
Improved Accuracy: By combining trend-following (SMA) with key levels like trend lines and S&R, the strategy filters out false signals, leading to more reliable trade setups.
Trend Confirmation: The use of trend lines and S&R confirms the broader market context, reducing the risk of trading against the trend or entering at weak price points.
Flexible: This strategy can be applied to various timeframes, from short-term day trading to longer-term swing trading.
Visual Clarity: The combination of trend lines, S&R, and moving averages provides a clear and visually intuitive strategy for identifying key price levels and trend shifts.
How to Use It:
Draw Trend Lines: Identify the most recent price peaks and troughs to draw trend lines, marking the potential resistance and support levels.
Use SMAs: Apply two different-period SMAs to detect the trend (e.g., 20-period and 50-period). Pay attention to crossovers for buy/sell signals.
Watch for Breakouts or Reversals: Monitor how the price behaves at support or resistance levels and the trend lines. A price move beyond these levels, accompanied by a confirming SMA crossover, can signal a strong trade opportunity.
Conclusion:
The Enhanced SMA Strategy with Trend Lines & S&R by Dax is a powerful, multi-layered approach to technical analysis. It enhances the basic SMA strategy by incorporating additional tools like trend lines and support/resistance levels, which help traders make more informed decisions with higher accuracy. This method is suitable for both novice and experienced traders, offering clear trade signals while reducing the risk of false entries.
GL_Prev Week HighThe GL_Prev Week High Indicator is a powerful tool designed to enhance your trading analysis by displaying the previous week's high price directly on your chart. With clear and customizable visuals, this indicator helps traders quickly identify critical price levels, enabling more informed decision-making.
Key Features:
Previous Week's High Line:
Displays the previous week's high as a red line on your chart for easy reference.
Customizable Horizontal Line:
Includes a white horizontal line for enhanced clarity, with adjustable length, color, and width settings.
All-Time High Tracking:
Automatically tracks the all-time high from the chart's history and places a dynamic label above it.
Real-Time Updates:
The indicator updates in real-time to ensure accuracy as new bars are added.
User Inputs for Personalization:
Adjust the left and right span of the horizontal line.
Customize line width and color to suit your preferences.
Use Case:
This indicator is ideal for traders looking to integrate the previous week's high as a key support or resistance level in their trading strategy. Whether you are analyzing trends, identifying breakout zones, or planning entry/exit points, this tool provides valuable insights directly on the chart.
How to Use:
Add the indicator to your chart.
Customize the settings (line length, width, and color) through the input panel to match your preferences.
Use the red line to track the previous week's high and the label to monitor all-time highs effortlessly.
License:
This script is shared under the Mozilla Public License 2.0. Feel free to use and adapt the script as per the license terms.
HTF Hi-Lo Zones [CHE]HTF Hi-Lo Zones Indicator
The HTF Hi-Lo Zones Indicator is a Pine Script tool designed to highlight important high and low values from a selected higher timeframe. It provides traders with clear visual zones where price activity has reached significant points, helping in decision-making by identifying potential support and resistance levels. This indicator is customizable, allowing users to select the resolution type, control the visualization of session ranges, and even display detailed information about the chosen timeframe.
Key Functionalities
1. Timeframe Resolution Selection:
- The indicator offers three modes to determine the resolution:
- Automatic: Dynamically calculates the higher timeframe based on the current chart's resolution.
- Multiplier: Allows users to apply a multiplier to the current chart's timeframe.
- Manual: Enables manual input for custom resolution settings.
- Each resolution type ensures flexibility to suit different trading styles and strategies.
2. Data Fetching for High and Low Values:
- The indicator retrieves the current high and low values for the selected higher timeframe using `request.security`.
- It also calculates the lowest and highest values over a configurable lookback period, providing insights into significant price movements within the chosen timeframe.
3. Session High and Low Detection:
- The indicator detects whether the current value represents a new session high or low by comparing the highest and lowest values with the current data.
- This is crucial for identifying breakouts or significant turning points during a session.
4. Visual Representation:
- When a new session high or low is detected:
- Range Zones: A colored box marks the session's high-to-low range.
- Labels: Optional labels indicate "New High" or "New Low" for clarity.
- Users can customize colors, transparency, and whether range outlines or labels should be displayed.
5. Information Box:
- An optional dashboard displays details about the chosen timeframe resolution and current session activity.
- The box's size, position, and colors are fully customizable.
6. Session Tracking:
- Tracks session boundaries, updating the visualization dynamically as the session progresses.
- Displays session-specific maximum and minimum values if enabled.
7. Additional Features:
- Configurable dividers for session or daily boundaries.
- Transparency and styling options for the displayed zones.
- A dashboard for advanced visualization and information overlay.
Key Code Sections Explained
1. Resolution Determination:
- Depending on the user's input (Auto, Multiplier, or Manual), the script determines the appropriate timeframe resolution for higher timeframe analysis.
- The resolution adapts dynamically based on intraday, daily, or higher-period charts.
2. Fetching Security Data:
- Using the `getSecurityDataFunction`, the script fetches high and low values for the chosen timeframe, including historical and real-time data management to avoid repainting issues.
3. Session High/Low Logic:
- By comparing the highest and lowest values over a lookback period, the script identifies whether the current value is a new session high or low, updating session boundaries and initiating visual indicators.
4. Visualization:
- The script creates visual representations using `box.new` for range zones and `label.new` for session labels.
- These elements update dynamically to reflect the most recent data.
5. Customization Options:
- Users can configure the appearance, behavior, and displayed data through multiple input options, ensuring adaptability to individual trading preferences.
This indicator is a robust tool for tracking higher timeframe activity, offering a blend of automation, customization, and visual clarity to enhance trading strategies.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Best regards and happy trading
Chervolino
Adjustable ORB with ORB Multipliers 1x or 2x by dhaval chhayaniKey Features:
Adjustable Timeframe:
The ORB is calculated using a user-defined timeframe, which defaults to 15 minutes.
Dynamic High/Low Levels:
Identifies the high and low of the first bar of the specified timeframe for each trading day.
Resets these levels at the start of each new day.
Multipliers for Breakout Levels:
Calculates breakout levels using 1.3x and 2x the ORB range, both above and below the opening range.
Displays these levels on the chart with user-controlled visibility.
Labels for Breakout Levels:
Adds labels (1x, 2x) at the breakout levels for better visualization.
Dynamically updates or removes labels based on current conditions.
Visual Representation:
The opening range (high and low) is plotted with blue lines and filled with a shaded area for clarity.
Breakout levels are plotted in white and yellow, representing the respective multipliers.
Day-Specific Logic:
Ensures the indicator only operates for the current day and clears data for previous or upcoming days.
OBV TSI IndicatorThe OBV TSI Indicator combines two powerful technical analysis tools: the On-Balance Volume (OBV) and the True Strength Index (TSI). This hybrid approach provides insights into both volume dynamics and momentum, helping traders identify potential trend reversals, breakouts, or continuations with greater accuracy.
The OBV TSI Indicator tracks cumulative volume shifts via OBV and integrates the TSI for momentum analysis. It offers customizable moving average options for further smoothing. Visual trendlines, pivot points, and signal markers enhance clarity.
The OBV tracks volume flow by summing volumes based on price changes. Positive volume is added when prices rise, and negative volume is subtracted when prices fall. The result is smoothed to detect meaningful trends in volume. A volume spread is derived from the difference between the smoothed OBV and cumulative volume. This is then adjusted by the price deviation to generate the shadow spread, which highlights critical volume-driven price levels.
The shadow spread is added to either the high or low price, depending on its sign, producing a refined OBV output. This serves as the main source for the subsequent TSI calculation. The TSI is a momentum oscillator calculated using double-smoothed price changes. It provides an accurate measure of trend strength and direction.
Various moving average options, such as EMA, DEMA, or TEMA, are applied to the smoothed OBV for additional trend filtering. Users can select their preferred type and length to suit their trading strategy. Trendlines are plotted to visualize the overall direction. When a significant change in trend is detected, up or down arrows indicate potential buy or sell signals. The script identifies key pivot points based on the highest and lowest levels within a defined period. These pivots help pinpoint reversal zones.
The indicator offers customization options, allowing users to adjust the OBV length for smoothing, choose from various moving average types, and fine-tune the short, long, and signal periods for TSI. Additionally, users can toggle visibility for trendlines, signals, and pivots to suit their preferences.
This indicator is ideal for practical use cases such as spotting potential trend reversals by observing TSI crossovers and pivot levels, anticipating breakouts from key price levels using the shadow spread, and validating trends by aligning TSI signals with OBV and moving averages.
The OBV TSI Indicator is a versatile tool designed to enhance decision-making in trading by combining volume and momentum analysis. Its flexibility and visual aids make it suitable for traders of all experience levels. By leveraging its insights, you can confidently navigate market trends and improve your trading outcomes.
Economic RegimeThis indicator, "Economic Regime" , provides a comprehensive analysis of market conditions by combining multiple asset classes and financial metrics. It uses normalized scores and trend analysis to classify the current economic regime into one of four categories: Goldilocks, Reflation, Inflation, or Deflation. The classification is based on inputs like S&P 500 performance, bond yields, commodity prices, volatility indices, and sector ETFs. Additionally, it plots key financial spreads, including the yield spread (10Y-2Y) and credit spread (HYG-LQD), to offer deeper insights into liquidity and market sentiment. The background color dynamically reflects the identified economic regime, facilitating quick visual interpretation.
Volume Profile Auto [line] v2 code is credited to juliangonzaconde. Have taken his help to modify his beautiful creation.
Volume profile is a key study when comes to understanding the auction trading process. Volume Profiles will show you exactly how much volume, as well as relative volume, occurred at each price as well as the exact number of contracts for the entire session. It is a visualization tool to understand the high activity zone and low activity zone.
Volume profile measures the confidence of the traders in the market. From short term trading perspective monitoring the developing volume profile in realtime make more sense to track current market participation behavior to take better trading decisions.
Hope this helps you in trading on daily timeframe.
Happy Trading.
WPR45789This indicator helps in identifying trend to catch moves in intraday and gains decent moves in stocks and index as well as futures and options
This indicator helps in identifying trend to catch moves in intraday and gains decent moves in stocks and index as well as futures and options
TREND 1The Trend 1 Indicator is a technical analysis tool designed to identify and visualize the prevailing trend direction in financial markets. It's particularly useful for traders who rely on trend-following strategies.
Key Features:
Trend Identification: The indicator helps identify the current trend as either uptrend, downtrend, or sideways.
Trend Strength: It can provide insights into the strength or weakness of the prevailing trend.
Potential Reversal Signals: While not explicitly designed for reversal signals, traders may observe changes in the indicator's behavior to anticipate potential trend shifts.
How it Works:
The exact calculation and interpretation of the Trend 1 Indicator can vary depending on the specific implementation and the platform used. However, generally, it involves analyzing price movements over a specific period to determine the overall direction and momentum.
Common Uses:
Trading Decisions: Traders may use the indicator to align their trades with the identified trend direction. For example, if the indicator suggests an uptrend, they might favor long positions (buying).
Risk Management: The indicator can help traders assess the risk associated with their trades by providing insights into the strength and potential volatility of the current trend.
Portfolio Allocation: Investors may use the indicator to determine the overall market trend and adjust their portfolio allocations accordingly.
Important Considerations:
No Holy Grail: The Trend 1 Indicator, like any other technical indicator, is not foolproof. It should be used in conjunction with other analysis methods and risk management strategies.
Customization: The parameters and settings of the indicator can be customized to suit individual trading styles and preferences.
Backtesting: It's essential to backtest any trading strategy using the Trend 1 Indicator on historical data to evaluate its performance and effectiveness.
By understanding the principles of the Trend 1 Indicator and incorporating it into their trading arsenal, traders can potentially improve their decision-making process and enhance their overall trading performance.
