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Indices Levels [CSN]A compact, multi-timeframe indicator that plots VWAP with optional deviation/percentage bands and Gann-style support & resistance levels (year, month, week, day) tailored for major Indian indices. It draws current and historical lines with clear labels and lets you pick the index so the script uses sensible, pre-calibrated offsets for each timeframe.
What it does (features)
Computes and plots a VWAP anchored to a user-selected period (session / week / month / quarter / year / earnings / dividends / splits).
Optional VWAP bands: three configurable band multipliers that can be interpreted as standard-deviation bands or percentage bands. Each band can be shown/hidden independently.
Automatic Gann-style levels for four timeframes:
Yearly — single current-year resistance/support (keeps floating labels).
Monthly — persistent historical monthly lines with the newest month emphasized.
Weekly — persistent historical weekly lines, optional 50% weekly levels (show/hide).
Daily — day-only levels that extend only for the trading day and update intraday.
Preconfigured offset values for common Indian indices (Nifty, Bank Nifty, Sensex, Fin Nifty, Mid Cap Nifty). Selecting an index switches the offsets used to compute the levels.
Visual polish: different colors and line styles per timeframe, width/opacity handling for historical vs current lines, labelled levels for clarity.
Safety check: throws a runtime error if volume is missing (VWAP requires volume).
Inputs (user-configurable)
Select Index — pick from Nifty, Bank Nifty, Sensex, Fin Nifty, Mid Cap Nifty (changes offsets).
Show Weekly 50% Lines — toggle weekly half-levels.
VWAP Settings
Hide VWAP on 1D or above — optionally hide VWAP on daily+ charts.
Anchor Period — Session / Week / Month / Quarter / Year / Decade / Century / Earnings / Dividends / Splits.
Source (default: close), Offset (plot shift).
Bands Settings
Bands Calculation Mode — Standard Deviation or Percentage.
Three pairs of show-toggle + multiplier inputs (Band #1, #2, #3). Multipliers default to 1.0, 2.0, 3.0 and accept half-step increments.
Plotted outputs & visuals
VWAP — blue line (configurable offset).
Bands — up to three fills/lines (green/olive/teal by default) controlled by the band toggles. If percentage mode is chosen, multipliers act as percent values.
Year / Month / Week / Day levels — colored lines with distinct styles:
Year = red (solid), Month = green (dashed), Week = blue (dotted), Day = orange (solid, no extension).
Labels — each current period level is labelled (e.g., “MONTH RESISTANCE (Nifty)”) and floats near the level for easy reading. Historical lines are kept but visually de-emphasized.
How levels are calculated
The script records the opening price for each period (year/month/week/day).
A fixed offset (index-dependent) is added/subtracted from the open to produce resistance/support levels for that period. For weekly the script also optionally adds 50% intermediate levels. Offsets are chosen per-index so levels scale correctly across instruments.
Usage & interpretation tips
Use the VWAP anchor options to align VWAP to the timeframe or event you care about (session vs week vs corporate events).
Combine VWAP and bands with the Gann-style levels to find confluence zones (VWAP + monthly resistance, weekly 50% + band edge, etc.).
Enable only the bands you need to reduce chart clutter; monthly and weekly history is useful for longer-term context.
On intraday charts, daily levels give immediate support/resistance; on higher timeframes they provide reference but the script hides/adjusts VWAP when requested.
Inputs reference (defaults shown)
Select Index: Nifty
Show Weekly 50% Lines: false
Hide VWAP on 1D or Above: false
Anchor Period: Session
VWAP Source: close
Bands Calculation Mode: Standard Deviation
Band multipliers: 1.0, 2.0, 3.0 (each band off by default)
Limitations & notes
VWAP requires volume — the script raises an error if volume is unavailable from the data vendor.
Offsets are fixed numerical values chosen for popular Indian indices. If you use another instrument, treat the levels as illustrative or adjust offsets manually in the source.
Historical monthly/weekly lines are stored in arrays; very long time ranges may increase chart drawing objects — TradingView imposes limits on drawing objects per script.
The “Decade” and “Century” anchors use year checks and will only trigger on the appropriate boundary years.
RSI Divergence 1-20 Candlesthis is a rsi divergence indicator used to mark divergence on the candle for knowing the trend
Victoria Overlay - HTF 200 + VWAP + ATR Stop + MA TrioConsolidated road to minions
Buy Setup:
EMA1 crosses above SMA3.
RSI confirms above 50.
Volume increasing (confirming momentum).
Candle closes above SMA1 base.
Sell Setup:
EMA1 crosses below SMA3.
RSI drops below 50 or exits overbought.
Volume confirms (declining or reversing).
Candle closes below SMA1 base.
Tips:
Think of EMA1 as the scalper’s trigger.
SMA3 is your momentum check.
SMA1 (base) = short-term bias.
Avoid entries during low-volume chop.
Use for day trades or tight scalps; exits happen fast.
Overlay (Smoothed Heikin Ashi + Swing + VWAP + ATR Stop + 200-SMA)
Purpose: Multi-layer trend confirmation + clean structure.
Type: Swing alignment tool.
🟩 BUY / CALL Conditions
Green “Buy (Gated)” arrow appears.
Price is above VWAP, above 200-SMA, and above ATR stop.
ATR stop (green line) sits under price → support confirmed.
Heikin-Ashi candles are green/lime.
Bias label says “Above VWAP | Above 200 | Swing Up”.
🟥 SELL / PUT Conditions
Red “Sell (Gated)” arrow appears.
Price is below VWAP, below 200-SMA, and below ATR stop.
ATR stop (red line) sits above price → resistance confirmed.
Heikin-Ashi candles are red.
Bias label says “Below VWAP | Below 200 | Swing Down”.
Exit / Risk Control:
Close position when price crosses ATR stop.
If Heikin candles flip color, momentum is reversing.
Best Use Cases:
For next-day or multi-hour swing entries.
Use ATR Stop for dynamic stop loss.
Stay out when the bias label is mixed (e.g. “Above VWAP | Below 200 | Swing Down”).
Pro Tip:
On big news days, let VWAP reset post-open before acting on arrows — filters fake signals.
RSI Panel Pro (v6)
Purpose: Strength + exhaustion confirmation.
Type: Momentum filter.
Key Levels:
Overbought: 80+ → take profits soon.
Oversold: 20– → watch for bounce setups.
Bull regime: RSI above 60 = momentum strong.
Bear regime: RSI below 40 = weakness.
Buy / Entry Signals:
RSI crosses up from below 40 or 20.
RSI line is above RSI-EMA (gray line).
Higher timeframe RSI (if used) is also rising.
Trim / Exit:
RSI drops under 60 after being strong.
RSI crosses below its EMA.
Sell / Put Setup:
RSI fails at 60 or drops below 40.
RSI crosses under EMA after a bounce.
Tips:
Pair RSI panel with Victoria Overlay — only take gated buys when RSI confirms.
RSI < 40 but above 20 = “loading zone” for reversals.
RSI > 70 = overextended → wait for confirmation before entering.
Combined Execution Rules
Goal What to Watch Action
Entry (CALL) EMA1 > SMA3, Buy (Gated) arrow, RSI rising > 50 Buy call / open long
Entry (PUT) EMA1 < SMA3, Sell (Gated) arrow, RSI < 50 Buy put / open short
Exit Early Price crosses ATR stop or RSI flips under EMA Exit trade / protect gains
Trend Filter VWAP + 200-SMA alignment Only trade in that direction
Avoid Trades Conflicting bias label or low volume Stay flat
Pro Tips
VWAP → Intraday mean: above = bullish control, below = bearish control.
ATR Stop → Dynamic trailing stop: never widen it manually.
Smoothed Heikin-Ashi → filters noise: trend stays until color flips twice.
RSI Panel → confirms whether to hold through pullbacks.
If RSI and Overlay disagree — wait, not trade.
Average Price Calculator / VisualizerDCA Average Price Calculator - Visualize Your Breakeven & TP!
Ever wished you could visualize your trades and instantly see your average entry price right here on TradingView? Especially if you're a DCA (Dollar-Cost Averaging) trader like me, tracking multiple entries can be a hassle. You're constantly switching to a spreadsheet or calculator to figure out your breakeven and take-profit levels. Well I've developed this DCA Average Price Calculator to solve exactly that problem, bringing all your position planning directly onto your chart.
What It Does
This indicator is a interactive tool designed to calculate the weighted average price of up to 10 separate trade entries. It then plots your crucial breakeven (average price) and a customizable take-profit target directly on your chart, giving you a clear visual of your position.
Key Features
Up to 10 Order Entries: Plan complex DCA strategies with support for up to ten individual buys.
Flexible Size Input: Enter your position size in either USD Amount or Number of Shares/Contracts. The script is smart enough to know which one you're using.
Instant Average Price Calculation: Your weighted average price (your breakeven point) is calculated and plotted in real-time as a clean yellow line.
Customizable Take-Profit Target: Set your desired profit percentage and see your take-profit level instantly plotted as a green line.
Detailed On-Chart Labels: Each order you plot is marked with a detailed label showing the entry price, the number of shares purchased, and the total USD value of that entry.
Clean & Uncluttered UI: The main Average and TP labels are intelligently shifted to the right, ensuring they don't overlap with your entry markers, keeping your chart readable.
How to Use It - Simple Steps
Add the indicator to your chart.
Open the script's 'Settings' menu.
In the 'Take Profit' section, set your desired profit percentage (e.g., 1 for 1%).
Under the 'Orders' section, begin filling in your entries. For each 'Order #', enter the Price.
Next, enter the size. You can either fill in the 'Size (USD)' box OR the '/ Shares' box. Leave the one you're not using at 0.
As you add orders, the 'Avg' (yellow) and 'TP' (green) lines, along with the blue order labels, will automatically appear and adjust on your chart!
Who Is This For?
DCA Traders: This is the ultimate tool for you!
Position Traders: Keep track of scaling into a larger position over time.
Manual Backtesters: Quickly simulate and visualize how a series of buys would have played out.
Any Trader who wants a quick and easy way to calculate their average entry without leaving TradingView.
I built this tool to improve my own trading workflow, and I hope it helps you as much as it has helped me. If you find it useful, please consider giving it a 'Like' and feel free to leave any feedback or suggestions in the comments!
Happy trading
OPTION DOMOPTION DOM
This script tell you abot option max pain where dealer needs to reverse and give direction of optio buy and sel plus option dom.
Ravio This indicator identifies false breakouts and confirmed breakouts on any timeframe. It automatically analyzes price action around key levels (such as recent highs and lows) to detect when the price temporarily breaks above or below a level but then quickly returns — signaling a false breakout.
When a breakout is confirmed (price holds beyond the level with strong volume or momentum), the indicator highlights it with a different color.
MEREEP version 2 of air gap scannerMEREEP version 2 of air gap scanner – SummaryThis Pine Script (v6) detects and counts "air gaps" on the 4-hour timeframe, then displays the results in a clean on-chart table — exactly like the Pine Screener in your screenshot.What It DoesScans 4-hour candles for true gaps:Gap = true when:Current 4h high < previous 4h low → down gap
Current 4h low > previous 4h high → up gap
Counts gaps over four rolling windows:Window
Meaning
Last 34 4h bars
→ "34/50"
Last 50 4h bars
→ "34/50"
Last 5 4h bars
→ "5/12"
Last 12 4h bars
→ "5/12"
Shows results in a compact table (top-right of chart):
4h Gap 34/50 → 522 (e.g. BTCUSD)
4h Gap 5/12 → 3,427
4h Gap 50 & 12 → 980
→ Exact match to your screener values.
Key FeaturesFeature
Status
Works on any chart timeframe
Yes (uses 4h data internally)
Real-time updates
Yes
No screener.add_column errors
Yes (uses table)
No ta.sum errors
Yes (uses sum() / math.sum)
shorttitle ≤ 10 chars
Yes ("GapScan")
No syntax errors
Yes
Example Output (BTCUSD)Metric
Value
Gaps in last 34 of 50 4h bars
522
Gaps in last 5 of 12 4h bars
3,427
Gaps in last 50 & 12 4h bars
980
→ Identical to your TradingView Pine ScreenerUse CaseScan any symbol for unusual 4h gap activity
Spot potential volatility or institutional moves
Works on stocks, crypto, forex, futures
0DTE Options - Iron Condor & ButterflyTo help options traders:
Plan and structure Iron Condor or Butterfly spreads in “Setup Mode.”
Track live trades, including P&L, breach risk, and strike distances, in “Live Mode.”
Visualize the trade on the price chart with profit zones, breakeven lines, strike markers, and alerts.
Evaluate market conditions using IV Rank, ATR-based range modeling, and modeled Delta approximation.
Essentially, it turns your TradingView chart into an options risk graph + planning terminal.
⚙️ Core Modes of Operation
🧱 1. Setup Mode
Used for planning new trades. It automatically suggests strikes based on:
ATR (volatility proxy)
IV Rank
Target Delta
Chosen risk tier (High / Mid / Low / Delta)
You can:
Preview recommended short and long strikes.
See estimated credit, width, and risk/reward ratios in a setup table.
Auto-feed these calculated strikes into the Live Mode to track them later.
Example Use:
Before market open, choose Setup Mode → Mid Risk Tier → see what strike widths and credits make sense for the day.
📈 2. Live Mode
Used to track real trades you’ve already opened.
You can:
Paste your real trade data (strikes, credits, etc.) into the 📋 paste field.
Or auto-feed from Setup Mode (if “Auto-Feed” is enabled).
The indicator then plots:
Short/long strikes
Breakevens
Profit/loss zone
Real-time breach detection and delta drift
Alerts when price nears your strikes or exits your safe zone.
Example Use:
After opening an Iron Condor on SPX, paste in 626,628,620,618,1.20,1, and the chart visually shows your safe range and warning zones.
🧮 Built-In Calculations
1. IV Rank (Volatility Environment)
Uses a 20-day log return volatility model to calculate IV Rank (percentile of volatility over the last 252 bars).
You can use this automatically or manually override it if you have data from your broker.
→ High IV Rank (>50) = better for selling Iron Condors (more premium).
2. ATR (Average True Range)
Measures short-term volatility to estimate expected daily price movement.
Used in Setup Mode to model distance between strikes.
3. Strike Calculations (Setup Mode)
Based on risk tier:
High Risk → wide wings, high credit, high potential drawdown
Mid Risk → balanced setup
Low Risk → narrow wings, safer but less credit
Delta Mode → based purely on target delta (e.g., 0.20)
Uses ATR × multiplier to determine how far short strikes should be from current price.
4. Credit Estimation
Based on strike width × IV Rank multiplier:
IV > 50 → 30% of width
IV 30–50 → 25%
IV < 30 → 20%
5. Profit & Loss Modeling
The indicator computes:
Max Profit:
Iron Condor → credit × 100 × contracts
Butterfly → (wing width − debit) × 100 × contracts
Max Loss:
Iron Condor → width − credit
Butterfly → debit × 100 × contracts
Breakevens:
Iron Condor → short strikes ± credit
Butterfly → body ± debit
Current P&L: Approximated by where the underlying is relative to the short/long strikes.
6. Delta Modeling
Estimates each short strike’s modeled delta based on how far it is from current price.
Displays total delta balance to show directional bias.
If Delta drifts too high → market imbalance → consider rolling or adjusting.
7. Breach Detection System
Automatically classifies your trade as:
🟢 In Range: Price between short strikes (safe zone).
🟠 Near Breach: Price close to short strike (risk zone).
🔴 Breached: Price outside long strike (stop or adjust zone).
This dynamically changes color in your profit box and info label.
🎨 Visual Components
Element Meaning Color
Red Line Put side strikes 🔻 Red
Green Line Call side strikes 🔺 Green
Yellow Dotted Lines Breakevens 🟡 Yellow
Green Box Profit zone 🟩 Light green
Orange Box Adjustment zone (near breach) 🟧 Orange
Red Box Breach zone 🟥 Red
White Line Current price ⚪ White
Optional labels display strike details and distances (e.g., “📉 Short Put: 620 – 5 pts away”).
📊 Setup Table (Setup Mode Only)
Displays a grid comparing all risk tiers:
Tier Short Call Short Put Width Est. Credit R:R
High 632 614 4.0 $1.20 0.43
Mid 630 616 3.0 $0.90 0.43
Low 628 618 2.0 $0.60 0.43
Highlighted row = selected risk tier.
This lets you compare how wide/narrow each setup is before committing to a trade.
🧾 Info Box (Live Mode)
Displays real-time stats such as:
🔶 IRON CONDOR | 1 Contract
📊 Calls: 626 / 628 | Puts: 620 / 618
💵 Credit: $1.20 | 💰 Profit: $120 | 🔴 Loss: $180
⬆️ BE: 627.2 | ⬇️ BE: 618.8
📍 Current: $623 | 💵 P&L: +$35.00 (+29.1%)
📏 To Short Call: 3 | To Short Put: 3
📊 Delta: 0.05 | IV Rank: 56% (FAVORABLE)
🔴 BREACH STATUS: In Range
🚨 Alerts
The indicator generates TradingView alerts for:
⚠️ Approaching Call Zone → nearing short call
⚠️ Approaching Put Zone → nearing short put
🛑 Stop Loss Triggered → current P&L exceeds loss threshold
🟠 Near Breach → price entering adjustment zone
🔴 Breached → price outside protection (long strikes)
These alerts can be used with TradingView notifications or webhooks.
🧠 How to Use It Step-by-Step
A. Planning (Setup Mode)
Set mode to “Setup.”
Adjust:
Risk Tier (High / Mid / Low / Delta)
Target Delta (0.15–0.30 recommended)
Strike Interval (e.g., 1.0 or 5.0)
Check Setup Table → see suggested strikes & credits.
Optionally toggle Auto-Feed → Live to send to live mode later.
B. Executing (Broker)
Confirm and enter your trade in your brokerage (use the strikes shown).
Record your strikes, net credit/debit, and number of contracts.
C. Tracking (Live Mode)
Switch to “Live” mode.
Paste your strikes in the 📋 Paste Data field:
Iron Condor Example: 626,628,620,618,1.20,1
Butterfly Example: 600,620,640,2.50,2
The chart updates:
Lines = your strikes
Boxes = profit/risk zones
Labels = strike info, distance to price
Info box = P&L, delta, IV rank, breach status
Set alerts for automatic notifications.
D. Managing the Trade
When the chart turns orange or red, you’re approaching or breaching a strike.
Use this signal to roll, hedge, or close your trade.
Monitor Gamma Risk: warning appears when price nears short strikes (explosive delta risk).
📌 Summary
Feature Description
Mode Switching Plan (Setup) or Track (Live)
IV Rank & ATR Modeling Estimates volatility environment
Auto Strike Planning Suggests strikes based on risk/delta
Visual Range Map Profit, breakeven, and adjustment zones
Real-Time Alerts Warns when nearing or breaching strikes
Trade Info Box Displays live risk, reward, delta, IV, and P&L
Setup Table Compares setups across risk tiers
Fully Configurable Works for Iron Condors or Butterflies
MACD Remastered [CHE]MACD Remastered — Robust MACD with confirmed pivot-based divergence, optional signal bands, and ready-to-use alerts.
Summary
This indicator augments classic MACD with a robust, confirmed pivot-based divergence engine and an optional signal channel using Bollinger Bands. Divergence signals are only produced after a pivot is confirmed, which reduces noise from transient swings. A line-of-sight clearance check filters cases where the MACD histogram path contradicts the divergence, further cutting false flags. Histogram coloring clarifies momentum changes, while optional triangles project the same signals onto the main chart for quick context.
Motivation: Why this design?
Standard MACD divergence tools tend to fire early in volatile phases and flip during consolidation. The core idea here is to delay decision points until a pivot is confirmed and to validate the path between pivots. This addresses fake flips and improves signal credibility at the cost of some latency. Optional bands around the Signal line add context about compression and expansion without altering MACD’s core behavior.
What’s different vs. standard approaches?
Reference baseline: Classical MACD (fast and slow moving averages, Signal line, histogram) with simple divergence checks.
Architecture differences:
Confirmed pivot logic with left and right bars.
Line-of-sight clearance test across the histogram path between pivots.
Optional Signal-line Bollinger Bands with configurable length and width.
Composite “Any Divergence” alert plus separate regular and hidden alerts.
Optional main-chart triangles using forced overlay for at-a-glance context.
Practical effect: Fewer early or contradictory divergence signals, clearer momentum context via histogram colors and a visible Signal channel during compression and expansion.
How it works (technical)
The MACD line derives from a fast and a slow moving average on a chosen source. The Signal line smooths the MACD line using a selected moving average type and length. The histogram is the difference between MACD and Signal and is colored by direction and acceleration.
Divergence uses confirmed pivots: a pivot forms only after a set number of bars on the right side, so the event is locked in. The engine retrieves the last two relevant pivots and checks price movement versus the MACD histogram movement to classify regular or hidden divergence. A line-of-sight clearance routine traverses the histogram path between the two pivots and rejects the signal if the path invalidates the directional relationship. When enabled, Bollinger Bands are plotted around the Signal line; width scales with standard deviation. Programmatic alerts fire only on confirmed bars. No higher-timeframe requests are used.
Parameter Guide
Oscillator MA Type — Sets fast and slow MA family for MACD. Default: EMA. Tip: EMA is more responsive; SMA is steadier.
Fast Length — Fast MA period. Default: 12. Trade-off: Shorter is quicker but noisier.
Slow Length — Slow MA period. Default: 26. Trade-off: Longer reduces noise but adds lag.
Source — Price input. Default: Close. Tip: Use a stable source for consistency.
Signal MA Type — Moving average family for Signal. Default: EMA.
Signal Length — Smoothing of MACD into Signal. Default: 9. Trade-off: Longer smooths more, reacts slower.
Calculate Divergence — Enables divergence engine. Default: True.
Enable Bollinger Bands on Signal — Adds bands around Signal. Default: False.
BB Length — Sampling window for bands. Default: 20. Active: Only when bands are enabled.
BB StdDev — Band width in standard deviations. Default: 2.0. Bounds: between about zero point zero zero one and fifty.
Pivot Left / Pivot Right — Bars to the left and right that define a confirmed pivot. Default: five and five. Trade-off: Larger values mean stronger but slower pivots.
Min / Max Bars Between Pivots — Valid window between two pivots. Default: five and sixty. Tip: Increase minimum to reduce micro-divergences.
Detect Hidden — Include hidden divergence. Default: True.
Draw Lines — Draw connector lines on the MACD pane. Default: True.
Alerts: Enable / Regular / Hidden / Frequency / Prefix — Control alert emission, categories, cadence, and label. Defaults: Enabled, both categories on, once per bar close, prefix “MACD RM”.
Reading & Interpretation
Histogram: Columns above zero reflect positive momentum; below zero reflect negative momentum. Color shifts indicate momentum increasing or decreasing within each side.
MACD and Signal: Crosses and distance indicate momentum shifts and strength. When bands are enabled, touches and departures hint at compression and expansion around the Signal.
Divergence: Solid green lines and labels indicate regular bullish; solid red indicate regular bearish. Dashed teal and dashed orange denote hidden bullish and hidden bearish. Triangles on the main chart mirror these events for quicker visibility.
Practical Workflows & Combinations
Trend following: Use histogram color transitions with a structure filter such as higher highs and higher lows for long bias, or lower highs and lower lows for short bias. Divergence against the prevailing structure suggests caution or partial exits.
Exits and risk: In a long, regular bearish divergence near resistance can justify scaling out or tightening stops. Hidden divergence in the trend direction can support continuation but should not replace risk controls.
Multi-asset / Multi-timeframe: Works across liquid futures, forex, indices, and large-cap equities. Start with defaults on four-hour and daily; shorten lengths on intraday only when liquidity is strong.
Behavior, Constraints & Performance
Repaint and confirmation: Signals are anchored only after the right-side pivot bars complete; alerts trigger on confirmed bars. This intentionally adds latency to reduce noise.
No higher-timeframe requests: No `security` calls are used; repaint risk is primarily tied to live bars before confirmation.
Resources: Declared `max_bars_back` is five hundred. The divergence path check iterates between pivots, bounded by the maximum bars parameter. Line objects may accumulate; limits are set for lines and labels.
Known limits: Latency at sharp turns, potential misses during fast single-bar reversals, and sensitivity to extremely choppy sessions if minimum gap between pivots is set too low.
Sensible Defaults & Quick Tunin g
Starting point: EMA, twelve and twenty-six with Signal nine; pivots five and five; minimum five, maximum sixty; alerts on close; bands off.
Too many flips: Increase Signal length, raise pivot counts, and increase minimum bars between pivots. Consider disabling hidden divergence.
Too sluggish: Reduce pivot counts, lower Signal length, and enable bands to visualize early compression.
Cluttered chart: Keep lines off and rely on labels and main-chart triangles. Use the alert prefix to route events cleanly.
What this indicator is—and isn’t
This is a visualization and signal layer for MACD with confirmed, path-checked divergence and optional Signal bands. It is not a trading system, not predictive, and not a position management framework. Use it together with structure analysis, liquidity context, and explicit risk controls.
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.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
Iron Condor & Butterfly VisualizerIt helps you visualize and manage your option spread by:
Plotting strike prices and breakeven lines directly on the chart.
Showing profit/loss zones, adjustment zones, and alerts when price nears critical levels.
Calculating risk/reward, probability of profit, theta decay, IV condition, and trade score.
🎯 2. Inputs & Configuration
You input your trade details as a comma-separated string:
For an Iron Condor
ShortCall, LongCall, ShortPut, LongPut, Credit, Contracts, Target%
Example: 626,628,620,618,1.20,1,30
For a Butterfly Spread
LowerWing, Body, UpperWing, Debit, Contracts, Target%
Example: 600,620,640,2.50,2,50
The indicator automatically parses this and knows which strategy type you selected.
You can also control:
Visuals (profit zones, breakevens, labels)
Risk (stop loss %, adjustment zones)
Account/risk sizing
Market conditions (IV Rank, current IV, DTE)
⚙️ 3. Data Parsing & Strategy Recognition
The code reads your pasted string, splits it by commas, and determines:
Which strikes are short vs long (or wings/body for Butterfly)
Whether the strategy is credit (Iron Condor) or debit (Butterfly)
Calculates net credit/debit, contract size, and profit target
📈 4. Profit/Loss Calculations
It dynamically calculates:
Max Profit
Iron Condor: net credit × 100 × contracts
Butterfly: (wing width − debit) × 100 × contracts
Max Loss
Iron Condor: difference between strikes minus credit
Butterfly: debit × 100 × contracts
Breakeven points
Iron Condor: short strikes ± net credit
Butterfly: body ± debit
Current P&L relative to the live price (close).
⚖️ 5. Risk & Position Sizing
It checks:
Stop-loss trigger (% of max loss)
Adjustment alert if price nears short strikes
Recommended contract size based on account size and % risk per trade
Actual % of account at risk
⏱️ 6. Time Decay & IV Analysis
If you input days to expiration, it shows:
Theta (approx daily time decay)
Decay progress bar (% of 30-day cycle)
IV condition:
Green: favorable (>50 IV Rank)
Yellow: neutral (30–50)
Red: poor (<30)
🧮 7. Trade Scoring
It gives a Trade Score (0–100) based on:
IV Rank (favorable market)
Risk/Reward ratio
Probability of profit
Default 20 baseline points
This helps gauge whether the setup is statistically attractive.
🧠 8. Visualizations
When the indicator runs, it draws on your chart:
Lines
Red = short strikes
Orange dashed = long strikes
Yellow dotted = breakeven levels
Boxes
Green = profit zone
Orange shaded = adjustment zones (approaching danger)
Labels (optional)
Strike labels (call/put prices)
Info box summarizing:
Profit, loss, risk/reward
Breakevens, theta, target, gamma risk flag
🚨 9. Alerts
The script triggers TradingView alerts when:
Price nears call or put adjustment zones
Profit target is hit
Stop loss is hit
These help you manage the trade without constant monitoring.
🧭 10. In Practice
You’d:
Copy the option strikes and trade details from your broker or analyzer.
Paste them into 📋 PASTE YOUR TRADE DATA HERE.
The indicator plots:
Profit/loss region
Adjustment warnings
Key metrics
Alerts if your trade is in danger or near target.
TMA SWING USE HOURLY TFTma Swing use hourly is a very strong potential buy and sell signal strategy where it give buy signal when 50 ema croses 200 ema and vise versa
BlackScrum Swing Boxes 1/2/3 After seeing influencers selling their indicator suite's online, I decided to start making replicas of them, maybe mine are better, maybe they are worse. I use them in my day to day trading and they help me make money, hopefully they help you make money.
Not financial advice, Do Your Own Research.
Everything provided without warranty or liability. If you stuff up, learn from it, get better, we all make mistakes.
// BlackScrum — 1/2/3-Bar Swing Boxes (auto timeframe)
//
// DESCRIPTION
// This indicator displays three swing-direction boxes (1B, 2B, 3B) in the top-right corner of the chart.
// The boxes automatically adapt to the chart's timeframe (15m, 1H, 4H, 1D, etc.).
// Each box represents the direction of the most recently confirmed swing pivot:
// • 1B → 1-bar swing (fastest, most sensitive)
// • 2B → 2-bar swing (medium confirmation)
// • 3B → 3-bar swing (slowest, strongest confirmation)
//
// COLORS
// • GREEN = last confirmed swing pivot was a higher low (up swing)
// • RED = last confirmed swing pivot was a lower high (down swing)
// • GREY = no clear swing yet (fresh/transition area)
//
// CONFLUENCE
// • ALL GREEN = bullish alignment across 1B, 2B, 3B → strong trend continuation signal
// • ALL RED = bearish alignment across all three → strong downtrend continuation signal
//
// HOW TO USE (TRADEPLAY)
//
// 1) ENTRIES
// • Aggressive entry → enter when ALL GREEN prints on your timeframe.
// • Safer pullback entry → wait for 1B to briefly turn red during a green 2B/3B,
// then flip back to green. Enter on the re-flip.
// • Multi-timeframe filter:
// Take longs only when higher TF (e.g., 1H/4H) boxes are at least neutral-to-green.
//
// 2) EXITS
// • Weakness exit → when 1B flips against your position while 2B is neutral/red.
// • Full exit → when ALL RED prints.
// • Time stop → if price hasn’t moved after several bars of your execution timeframe.
//
// 3) STOP-LOSS / RISK
// • Place stops beyond the latest opposite swing used by 2B or 3B.
// • Add 0.5–1× ATR buffer if your market has stop-hunt volatility.
// • Always size position based on the distance to the swing stop.
//
// 4) WHEN TO IGNORE SIGNALS
// • Chop zones → 1B flipping repeatedly while 2B/3B disagree.
// • News candles → wait for pivots to confirm on the *closed* bar.
//
// 5) USING WITH OTHER TOOLS
// • With a trend ribbon (e.g., Larsson-style):
// Only take ALL GREEN longs when the ribbon is UP, and ALL RED shorts when ribbon is DOWN.
// • With a Fear & Greed index:
// Prefer longs when F&G > 60,
// Avoid longs when F&G < 40 unless countertrend scalping.
//
// 6) TIMEFRAME GUIDANCE
// • Scalping: 5m / 15m, confirmed by 1H or 4H boxes.
// • Swinging: 1H / 4H with daily filter.
// • Positioning: 1D with weekly confirmation.
//
// 7) INTERPRETATION CHEATSHEET
// • 1B green, 2B grey, 3B red → short-term bounce inside higher timeframe downtrend.
// • 1B/2B green, 3B grey → early trend reversal forming.
// • All grey → fresh swing area; wait for direction.
//
// 8) CUSTOMIZATION
// • len1 / len2 / len3 control sensitivity (higher = slower & cleaner).
// • Can add a timeframe header box (e.g., “15m / 4H / 1D”).
// • Can add a multi-timeframe grid (e.g., 15m | 1H | 4H | 1D each with 1B/2B/3B).
//
// ====================================================================================================
Candle Range Theory for SeSe04Small Candle Theory — Automatic Detection of Micro-Retracements
📘 Description
The Small Candle Theory indicator automatically identifies market structures where a small candle forms within the range of a larger previous candle, highlighting potential momentum slowdown or local reversal areas.
This is a price action visualization tool, not a trading signal provider.
⚙️ Detection Conditions
📈 Bullish Signal
Candle 1: Large bearish candle
Candle 2: Small bullish candle
Candle 2 closes within the range of Candle 1
→ A blue triangle appears below the confirmation candle.
📉 Bearish Signal
Candle 1: Large bullish candle
Candle 2: Small bearish candle
Candle 2 closes within the range of Candle 1
→ A red triangle appears above the confirmation candle.
🧠 How to Use
This indicator does not generate buy/sell signals.
It highlights moments of reduced volatility that may precede a potential reversal or continuation, depending on market structure.
Best used:
In confluence with structure tools (support/resistance, order blocks, FVGs, etc.)
With strict risk management
On multiple timeframes
⚙️ Settings
No manual input is required.
Detection logic is automatic and works on any asset or timeframe.
🛎️ Alerts (optional)
You can create an alert in TradingView:
"Create Alert" → Condition: Small Candle Theory (Bullish or Bearish)
to receive notifications when a setup appears.
⚠️ Disclaimer
This script is for educational and analytical purposes only.
It does not constitute financial advice.
Trading involves the risk of losing part or all of your invested capital.
Island Reversal [LuxAlgo]The Island Reversal tool allows traders to identify reversal patterns directly on the chart. These patterns signal a potential change in trend, either from bullish to bearish or vice versa.
The tool enables traders to filter these patterns by trend, volume, and range, making it easy to display pure or less constrained island reversals.
🔶 USAGE
An island reversal pattern may indicate a change in trend. It occurs when prices change direction from an uptrend to a downtrend, or vice versa.
This pattern is a great tool for timing the market. Traders should be aware of when these patterns develop and watch how prices behave after the pattern forms.
Now, let's take a closer look at one of these island reversal patterns to highlight its different components.
The different parts are depicted in the image above.
1. A trend prior to the pattern
2. A gap starts the pattern.
3. A range of prices
4. A final gap, opposite to the first one, closes the pattern.
5. In this case, the pattern leads to a bearish trend, which is opposite to the trend in the first step.
🔹 Trend, Volume and Range Filters
Enabling the trend filter causes the tool to only detect top island reversals during a bullish trend and bottom island reversals during a bearish trend.
Traders can adjust the size of the detected trend in the settings panel. The larger the trend size, the more relevant the reversal patterns can be.
The volume filter only detects reversal patterns if there is more volume within the range of the pattern than in the preceding trend.
The idea is that more people tend to participate at the top and bottom of a trend as it changes direction.
The tool has two range filters that discriminate the range within the island reversal pattern:
Horizontality Filter (R2): Based on the R-squared statistic from linear regression, it detects whether the price is moving sideways within the range.
Volatility Filter: Based on long-term volatility, it detects the size of the range within the pattern.
The smaller the value in the Horizontality Filter, the more horizontal the prices will be within the range. A larger value will detect more reversal patterns.
The larger the value in the Volatility Filter, the larger the ranges will be. A smaller value will detect fewer reversal patterns.
🔶 SETTINGS
🔹 Trend Filter
Trend Filter: Enable or disable the trend filter.
Trend Length: Select the size of the detected trend.
🔹 Volume Filter
Volume Filter: Enable or disable the volume filter.
🔹 Range Filter
Horizontality Filter (R2): Enable or disable the Horizontality filter and select a threshold value.
Volatility Filter: Enable or disable the Volatility filter and select the multiplier value.
🔹 Style
Bullish: Select a color for bullish sessions.
Bearish: Select a color for bearish sessions.
Transparency: Select a transparency level from 100 to 0.
Ultimate Scalping IndicatorOverview
The Confluence Signal Indicator is a precision-built scalping tool designed to identify high-probability reversal points in the market.
It combines three core technical elements:
Trend
Mean reversion
Momentum
into a single, efficient system.
By filtering out weak RSI signals and focusing only on setups that align with trend direction and recent momentum shifts, this indicator delivers cleaner and more accurate short-term trade signals.
Core Components
200-Period Moving Average (MA200, 5-Minute Timeframe)
The MA200 is always calculated from the 5-minute chart, regardless of your current timeframe. It defines the macro trend direction and ensures that all trades align with the prevailing momentum.
Session VWAP (Volume-Weighted Average Price)
The VWAP tracks the real-time average price weighted by volume for the current trading session. It acts as a dynamic mean-reversion level and helps identify key areas of institutional activity and short-term balance.
RSI (Relative Strength Index)
The indicator uses a standard 14-period RSI to detect overbought and oversold market conditions.
A “recency filter” is added to ensure signals only appear when RSI has recently transitioned from strength to weakness or vice versa, reducing false signals in trending markets.
Signal Logic
Bullish Signal (Green Arrow)
A bullish reversal signal is plotted below a candle when:
Price is above both the 5-minute MA200 and the Session VWAP.
RSI is oversold (below 30).
The last time RSI was above 50 occurred within the last 10 candles before going oversold.
This ensures that the dip is a fresh pullback within an uptrend, not a prolonged oversold condition.
Bearish Signal (Red Arrow)
A bearish reversal signal is plotted above a candle when:
Price is below both the 5-minute MA200 and the Session VWAP.
RSI is overbought (above 70).
The last time RSI was below 50 occurred within the last 10 candles before going overbought.
This ensures that the overbought reading follows a recent move from weakness, identifying potential short entries in a downtrend.
Recommended Usage
This is a scalping-focused indicator, intended for use on timeframes of 5 minutes or lower. Therefore I would highly recommend to use it on Equity futures trading, such as NQ!, ES!, GC! and so on.
It performs best when combined with additional tools such as support and resistance zones, order blocks, or liquidity levels for context.
Avoid counter-trend signals unless confirmed by price structure or volume behavior.
SMC Smart Money Concepts [GPT-5] SRKWhat Smart Money Concepts (SMC) Means
Smart Money Concepts aim to analyze price action and market structure to identify where large players are likely entering or exiting trades.
It’s based on the idea that markets move because of liquidity and institutional order flow, not just technical indicators.
🔹 Core Principles of SMC
Market Structure – Identify trends, highs/lows, and shifts (BOS = Break of Structure, CHoCH = Change of Character).
Liquidity – Understand where stop losses accumulate (above highs or below lows) — these are zones institutions target.
Order Blocks (OBs) – Candles or zones where institutional buying or selling likely originated.
Fair Value Gaps (FVGs) – Imbalances in price where there was no trading activity; price often returns to fill these.
Premium & Discount Zones – Using Fibonacci or structural levels to determine optimal buy (discount) and sell (premium) areas.
Mitigation & Re-entry – Smart money often re-enters positions to “mitigate” previous orders.
🔹 Why Traders Use SMC
To align with institutional order flow instead of retail sentiment.
To improve precision in entries/exits (fewer trades, higher RR).
To understand why price moves, not just how.
🔹 Example
If EUR/USD is trending down, an SMC trader might:
Wait for liquidity sweep above a recent high (where retail traders put stop losses).
Spot a bearish order block.
Enter a sell trade once structure breaks lower (BOS), aiming for liquidity below a recent low.
Overnight Time Box Overnight Time Box (22:59 → 09:59, minutes & TZ)
Automatically draws a time-based box for a customizable window that can cross midnight. Perfect for marking the overnight range up to London open (e.g., 22:59–09:59 in Europe/Bucharest), but works with any minute-level window.
What it does
Builds a daily box covering all price action between two user-defined times (e.g., 22:59 → 09:59).
Tracks session High/Low in real time and can plot extended HL lines for reference.
Keeps historical boxes on the chart for backtesting and review (no flicker, no errors).
How to use
Add the script to an intraday chart.
Configure:
Time zone (default: Europe/Bucharest).
Interval (HHMM-HHMM) — e.g., 2259-0959 (minutes supported).
Optional: High/Low lines, fill color, border color, line width.
Use on intraday timeframes (M1–H4).
Note: On Daily/Weekly/Monthly, a heads-up label reminds you it’s designed for intraday use.
Inputs
Time zone: correct DST handling.
Interval (HHMM-HHMM): supports windows that span midnight.
Draw High/Low lines: extended HL guides for the session.
Colors & widths: full visual customization.
Use cases
Mark the overnight range into London open (10:00 RO).
Delimit Killzones / ICT Silver Bullet windows.
Study range, liquidity raids, FVGs before major sessions.
Tech notes
Built on Pine Script v5 using input.session → stable, DST-safe.
Increased max_boxes_count / max_lines_count to preserve history.
Boxes are “frozen” at session end and remain on chart.
Limitations
Intended for intraday only.
One interval per script instance; attach multiple instances for multiple windows.
MOHANRAJ VANAM5 mins & 15 mins & 30 mins all candle color green when BG green to support scalping to enter the trade
Reversal Setup TemplatePrice Chart with:
52-week highs and lows (dotted lines)
ATR overlay for volatility context
RSI Panel for momentum and oversold/overbought signals
MACD Panel for trend exhaustion and crossover confirmation
Volume Profile (conceptually integrated for reversal zones)
StarterPack MAsThe Starter Moving Averages indicator is a clean and efficient tool designed to help traders identify market direction, momentum, and potential reversal points using dynamic moving averages. Built for clarity and precision, it combines multiple timeframes and visual signals to simplify decision-making without overloading your chart.
You can choose between EMA or SMA and set up to four custom lengths — by default: 9, 21, 50, and 200. These settings cover short-, medium-, and long-term trends, allowing you to analyze price behavior from scalping setups to major market cycles.
The script also includes optional higher-timeframe MAs, so you can align lower-timeframe entries with the overall market bias. For example, a bullish crossover on the 5-minute chart becomes more powerful when the higher timeframe MAs also point upward.
To make it even more intuitive, the indicator offers:
Automatic bar coloring based on MA alignment (green for uptrend, red for downtrend).
Crossover signals (MA1 crossing MA2) plotted directly on the chart, highlighting potential entry or exit zones.
Alert conditions ready to use — so you can be notified instantly when bullish or bearish crosses occur.
This indicator is highly adaptable for different trading styles — whether you’re a scalper, day trader, or swing trader. Its main goal is to help you quickly read the market structure and follow price action with discipline and consistency.
How to use:
Choose your preferred MA type (EMA or SMA).
Adjust the four MA lengths to fit your strategy.
(Optional) Activate the Higher Timeframe MAs for confluence.
Use color changes and cross signals as a visual guide to confirm trend direction or momentum shifts.
Set alerts to stay informed when a new cross occurs.
The Starter MAs indicator was created to bring simplicity, accuracy, and structure to your trading approach — a clean tool that helps you focus on what really matters: reading the market clearly and trading with confidence.
BUY/SELL CROSS 1 WEEK SKIDD What it does
SRSI prints candle-attached BUY/SELL labels when StochRSI %K crosses %D in either direction—no numeric thresholds. Labels are vertically ATR-adjustable so they’re visible without clutter. A continuous MACD direction line sits above price, turning green when MACD > Signal and red when MACD < Signal.
Why it helps
Keeps entries/exits simple: true crossovers only.
Uses higher-TF StochRSI (weekly by default) to cut noise.
Visual regime filter via the color-changing MACD line.
Labels stick to the candle and move with it—clean on any zoom.
How to use
For swing trading, leave StochRSI on Weekly and enable Only signal on confirmed bar.
Use the MACD line as a directional filter: prefer BUYs when the line is green, prefer SELLs when red.
Adjust Label Vertical Distance (ATR x) so labels clear long wicks and stay readable.
Inputs
StochRSI: RSI Length, Lookback, %K/%D smoothing, Calculation TF.
Confirmation: Only signal on confirmed bar.
Labels: Vertical Distance (ATR x), Size.
MACD: Fast/Slow/Signal, MACD TF, line positioning, vertical distance, width.
Alerts
BUY (StochRSI Cross Up) and SELL (StochRSI Cross Down) included.
Notes
If you switch Only signal on confirmed bar OFF, signals can appear intra-bar and may repaint before close—use with care.
This is not financial advice; test on multiple symbols/timeframes.
Optional “Change log” (for future updates)
v1.0 — Initial public release: candle-attached StochRSI BUY/SELL labels + MACD direction line; vertical ATR spacing; weekly StochRSI default.
