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Multitime ATR with ATR Heat Line# Multi-Timeframe ATR Supertrend with ATH Finder ## Overview This advanced Pine Script indicator combines multi-timeframe ATR-based Supertrend analysis with an All-Time High (ATH) tracking system. Designed for swing traders who need comprehensive trend analysis across multiple timeframes while monitoring key price levels. ## Key Features ### 1. Multi-Timeframe ATR Supertrend (1H, 4H, 1D) - **1 Hour Supertrend** (Blue): Short-term trend identification - **4 Hour Supertrend** (Purple): Medium-term trend confirmation - **1 Day Supertrend** (Green/Red): Primary trend direction - Each timeframe displays independent trend lines with customizable colors and visibility ### 2. Dual ATR Data System (1D Only) - **Previous Day ATR** (lookahead_off): Used for main ATR lines - enables pre-market study and avoids intraday crossover issues - **Current Day ATR** (lookahead_on): Used for Overheating Line calculation - provides real-time profit-taking signals ### 3. Overheating Line - Dynamically calculated as: `1D ATR + (ATR Width × 1.3)` - Orange line indicating potential overextension zones - Uses current day real-time ATR for intraday decision-making - Only displays during uptrends - Customizable multiplier (default: 1.3) ### 4. ATH (All-Time High) Finder - Automatically tracks and displays the all-time high with a horizontal line - **Line Color**: Lime green (customizable) - **Label System**: - Green label when price is at ATH - Red label when ATH is historical - Toggle label visibility independently - **Bug Fix**: Prevents vertical line display when ATH occurs on current bar - Line extends to the right for easy visualization ### 5. Warning & Break Signals Each timeframe provides two types of alerts: - **Warning Signal** (⚠️): Price closes below uptrend line (potential reversal warning) - **Break Signal** (⚡): Price closes above downtrend line (potential breakout) - Smart timing intervals prevent signal spam: - 1H: Checks every 4 hours (warning) / 1 hour (break) - 4H/1D: Max 2 signals per day ### 6. Trend Change Indicators - Small circles mark the exact bar where trend changes occur - Color-coded for each timeframe - Helps identify reversal points and trend strength ### 7. Master Control Switches Efficiently manage all visual elements: - **Master Highlighter**: Toggle all background fills on/off - **Master Signals**: Toggle all warning/break signals - **Master Up Trend**: Toggle all uptrend lines and circles - **Master Down Trend**: Toggle all downtrend lines and circles ### 8. Fast Cut Lines (Optional) - Additional support/resistance lines offset by a percentage from main ATR lines - Useful for tighter stop-loss management - Separate controls for up and down trends - Default: OFF (customizable offset percentage) ### 9. Timeframe Visibility Control - **Hide on Daily+**: Automatically hides indicators (except 1D ATR) on daily timeframes and above - Reduces chart clutter on higher timeframes - 1D ATR always visible regardless of chart timeframe ### 10. EMA Integration (Optional) - Display 20/50/200 EMAs for confluence with ATR trends - Toggle on/off independently ## Use Cases ### For Swing Traders 1. **Entry Timing**: Wait for multiple timeframe alignment (1H, 4H, 1D all in uptrend) 2. **Trend Confirmation**: Use trend change circles to identify momentum shifts 3. **Profit Taking**: Monitor Overheating Line for potential exit zones ### For Position Management 1. **Stop Loss Placement**: Use 1D ATR line or Fast Cut lines as dynamic stop levels 2. **Risk Assessment**: Distance between timeframe ATR lines indicates volatility 3. **Breakout Trading**: Break signals (⚡) identify potential breakout opportunities ### For Pre-Market Analysis - 1D ATR uses previous day data, allowing traders to: - Study support/resistance levels before market open - Plan entry/exit strategies based on confirmed data - Avoid false signals from incomplete daily candles ## Settings Guide ### ATH Finder Settings - **Show ATH Line**: Toggle ATH line visibility - **Show ATH Label**: Toggle ATH label display (can hide label while keeping line) - **ATH Line Color**: Customize line color (default: lime) - **ATH Line Width**: Adjust line thickness (1-5) ### Timeframe Settings (Each timeframe has independent controls) - **ATR Period**: Lookback period for ATR calculation (default: 10) - **ATR Multiplier**: Distance multiplier from price (default: 1.0) - **Show Label**: Display " " / " " / " " text labels - **Show Warning/Break Signals**: Toggle alert symbols - **Highlighter**: Toggle background fill between price and ATR line ### Overheating Line Settings - **Show Overheating Line**: Toggle visibility - **Overheating Multiplier**: Adjust distance above 1D ATR (default: 1.3) ### Cut Lines Settings - **Show Fast Cut Line (Up/Down)**: Toggle visibility - **Fast Cut Offset %**: Percentage distance from ATR lines (default: 1.0%) ## Color Scheme - **Current TF**: Green (up) / Red (down) - **1H ATR**: Blue (#1848cc) / Dark Blue (#210ba2) - **4H ATR**: Purple (#7b1fa2) / Dark Purple (#4e0f60) - **1D ATR**: Green (#4caf50) / Dark Red (#8c101a) - **Overheating Line**: Orange (#ff9800) - **ATH Line**: Lime (customizable) ## Technical Notes ### ATR Calculation - Uses True Range for volatility measurement - Option to switch between SMA and EMA calculation methods - Adapts to both volatile and stable market conditions ### Performance Optimization - Maximum 500 lines and 500 labels to prevent memory issues - Bar index limitations prevent historical data errors - Efficient repainting prevention for 1D timeframe ### Alert System Built-in alert conditions for: - Buy/Sell signals (Current TF) - Warning signals (all timeframes) - Break signals (all timeframes) ## Best Practices 1. **Multiple Timeframe Confirmation**: Don't trade against higher timeframe trends 2. **Overheating Awareness**: Consider profit-taking when price reaches orange line 3. **ATH Monitoring**: Exercise caution near all-time highs (increased volatility risk) 4. **Signal Filtering**: Use warning signals as alerts, not immediate action triggers 5. **Stop Loss Management**: Place stops below the most relevant ATR line for your timeframe ## Version Information - Pine Script Version: 5 - Indicator Type: Overlay - Max Lines: 500 - Max Labels: 500 ## Credits Created by @yohei ogura with <3 Modified for Multi-Timeframe functionality with ATH tracking
אינדיקטור Pine Script®
מאת ‎ogudora0812‎
RSI Swing + VWAP + EMA + Camarilla + PDH/PDL+CPRThis script provide the follwing - 1. Daily CPR level 2. Camarilla S3/R3 3. Previous Day High/Low (PDH/PDL) 4. Dynamic VWAP 5. Dynamic EMA 20/200 6. Dynamic RSi Swing Dec 10 Release Notes This script provide the follwing - 1. Daily CPR level 2. Camarilla S3/R3 3. Previous Day High/Low (PDH/PDL) 4. Dynamic VWAP 5. Dynamic EMA 20/200/36 6. Dynamic RSi Swing Which is better: 36 EMA or 36 SMA for Support/Resistance? ✔ 36 EMA (Exponential Moving Average) Better for intraday, short-term trading, scalping, and momentum trading. Why? Reacts faster to price. Captures trend shifts early. Works great when market is trending or volatile. Most traders use EMA for dynamic support/resistance → works better because of crowd behavior. Ideal for: NIFTY, BANKNIFTY, FINNIFTY intraday | Options entries | Trend continuation trades. Why 20 EMA is Important The 20 EMA is one of the most widely used moving averages for intraday, swing, and positional trading because it captures short-term trend strength and momentum. 📌 20 EMA Works Best For ✔ Intraday trend identification ✔ Momentum continuation entries ✔ Dynamic support/resistance ✔ Quick reversal detection ✔ Options trading (NIFTY/BNF) ✔ Breakout & pullback trades EMA 200 – Why It’s Extremely Important The 200 EMA represents the long-term trend and is respected by: Institutions Algo systems Big traders Swing traders Index traders It acts like a major wall of support or resistance. 💡 What EMA 200 Tells You ✔ Long-term trend direction Price above 200 EMA → Long-term uptrend Price below 200 EMA → Long-term downtrend ✔ Strong trend reversal signals When price crosses the 200 EMA on 15m/1h/1D charts → a deeper trend change is possible. ✔ Institutional support/resistance Very powerful bounce/rejection zones Many markets reverse exactly at 200 EMA What is Previous Day High (PDH)? The highest price the market reached in the previous trading session. Why PDH is Important? Acts as strong resistance Breakout level for uptrend Sellers often defend this zone If broken with volume → strong bullish momentum 🔴 What is Previous Day Low (PDL)? The lowest price the market reached in the previous trading session. Why PDL is Important? Acts as strong support Breakdown level for downtrend Buyers defend this level If broken with volume → strong bearish trend 📌 How PDH/PDL Help in Intraday Trading 1️⃣ Range Breakout Trades If price breaks PDH → bullish breakout (Buy CE) If price breaks PDL → bearish breakdown (Buy PE) What is Camarilla R3? R3 = Resistance Level 3 in the Camarilla Pivot system. Why R3 is important? Acts as a major intraday resistance Price often reverses from R3 If broken with force → strong uptrend starts Many traders use R3 as a decision zone Typical Market Behavior at R3 Rejection from R3 → Sell/PE opportunity Break + Retest above R3 → CE opportunity 🔴 What is Camarilla S3? S3 = Support Level 3 in the Camarilla Pivot system. Why S3 is important? Acts as a major intraday support Buyers defend this zone Breakdown of S3 → strong fall S3 is often a bounce zone in the morning Typical Market Behavior at S3 Bounce from S3 → Buy/CE opportunity Break + Retest below S3 → PE opportunity 📌 Trader Logic: R3 & S3 Zones ⭐ 1. Range Reversal Strategy (Most Popular) At R3 → Sell/PE At S3 → Buy/CE What is VWAP? VWAP = Volume Weighted Average Price It shows the average price at which most trading has happened during the day, based on both price and volume. It resets every day at market open. 🔥 Why VWAP Is So Powerful? VWAP is used by: Institutions Algo traders Scalpers Intraday traders Dec 10 Release Notes This script provide the follwing - 1. Daily CPR level 2. Camarilla S3/R3 3. Previous Day High/Low (PDH/PDL) 4. Dynamic VWAP 5. Dynamic EMA 20/200 6. Dynamic RSi Swing 3 hours ago Release Notes This script provide the follwing - 1. Daily CPR level 2. Camarilla S3/R3 3. Previous Day High/Low (PDH/PDL) 4. Dynamic VWAP 5. Dynamic EMA 20/200/36 6. Dynamic RSi Swing Which is better: 36 EMA or 36 SMA for Support/Resistance? ✔ 36 EMA (Exponential Moving Average) Better for intraday, short-term trading, scalping, and momentum trading. Why? Reacts faster to price. Captures trend shifts early. Works great when market is trending or volatile. Most traders use EMA for dynamic support/resistance → works better because of crowd behavior. Ideal for: NIFTY, BANKNIFTY, FINNIFTY intraday | Options entries | Trend continuation trades. Why 20 EMA is Important The 20 EMA is one of the most widely used moving averages for intraday, swing, and positional trading because it captures short-term trend strength and momentum. 📌 20 EMA Works Best For ✔ Intraday trend identification ✔ Momentum continuation entries ✔ Dynamic support/resistance ✔ Quick reversal detection ✔ Options trading (NIFTY/BNF) ✔ Breakout & pullback trades EMA 200 – Why It’s Extremely Important The 200 EMA represents the long-term trend and is respected by: Institutions Algo systems Big traders Swing traders Index traders It acts like a major wall of support or resistance. 💡 What EMA 200 Tells You ✔ Long-term trend direction Price above 200 EMA → Long-term uptrend Price below 200 EMA → Long-term downtrend ✔ Strong trend reversal signals When price crosses the 200 EMA on 15m/1h/1D charts → a deeper trend change is possible. ✔ Institutional support/resistance Very powerful bounce/rejection zones Many markets reverse exactly at 200 EMA What is Previous Day High (PDH)? The highest price the market reached in the previous trading session. Why PDH is Important? Acts as strong resistance Breakout level for uptrend Sellers often defend this zone If broken with volume → strong bullish momentum 🔴 What is Previous Day Low (PDL)? The lowest price the market reached in the previous trading session. Why PDL is Important? Acts as strong support Breakdown level for downtrend Buyers defend this level If broken with volume → strong bearish trend 📌 How PDH/PDL Help in Intraday Trading 1️⃣ Range Breakout Trades If price breaks PDH → bullish breakout (Buy CE) If price breaks PDL → bearish breakdown (Buy PE) What is Camarilla R3? R3 = Resistance Level 3 in the Camarilla Pivot system. Why R3 is important? Acts as a major intraday resistance Price often reverses from R3 If broken with force → strong uptrend starts Many traders use R3 as a decision zone Typical Market Behavior at R3 Rejection from R3 → Sell/PE opportunity Break + Retest above R3 → CE opportunity 🔴 What is Camarilla S3? S3 = Support Level 3 in the Camarilla Pivot system. Why S3 is important? Acts as a major intraday support Buyers defend this zone Breakdown of S3 → strong fall S3 is often a bounce zone in the morning Typical Market Behavior at S3 Bounce from S3 → Buy/CE opportunity Break + Retest below S3 → PE opportunity 📌 Trader Logic: R3 & S3 Zones ⭐ 1. Range Reversal Strategy (Most Popular) At R3 → Sell/PE At S3 → Buy/CE What is VWAP? VWAP = Volume Weighted Average Price It shows the average price at which most trading has happened during the day, based on both price and volume. It resets every day at market open. 🔥 Why VWAP Is So Powerful? VWAP is used by: Institutions Algo traders Scalpers Intraday traders
אינדיקטור Pine Script®
מאת ‎vslinus‎
1
Engulfing Strategy Core Concept: This is a price action trading strategy that identifies high-probability trade setups by combining multi-timeframe engulfing patterns with Current Market Price (CMP) validation. How It Works: H4 Setup Zone (Primary Timeframe) Identifies Bullish or Bearish Engulfing patterns on the 4-hour timeframe When detected, marks a zone at the high and low of the engulfed candle This zone represents the initial setup area M30 Trade Control Zone (Confirmation Timeframe) Looks for Engulfing patterns on the 30-minute timeframe These patterns must form within or near the H4 setup zone Acts as a confirmation that the setup is valid CMP Validation (Current Market Price) Monitors where price is currently trading relative to the zones Validates whether the pattern is still active or has been invalidated Helps determine entry timing and stop loss placement Trade Setup: Bullish Setup: Red candle engulfed by green candles → Zone marked at red candle's high/low → Wait for M30 confirmation → Enter when CMP validates the pattern Bearish Setup: Green candle engulfed by red candles → Zone marked at green candle's high/low → Wait for M30 confirmation → Enter when CMP validates the pattern
אינדיקטור Pine Script®
מאת ‎DianAsradi‎
Price Levels [TickDaddy]I hope you enjoy this indicator as much as I do! it draws out price levels to your liking, by ticks or points, how many ticks/points between levels, very customizable. it also has an info box showing how many ticks/points between levels as well as dollar amount for that level, and you can change contract size as well as micros or minis just to see if price moved that distance, what you can expect to make. any feedback greatly appreciated.
אינדיקטור Pine Script®
מאת ‎TickDaddy‎
Manipulation Candle (RIC) V0.2Interpretation and Trading Use Boxed Candles: Represent 15-minute periods with unusually high range relative to daily volatility. These may signal: Market manipulation (e.g., stop hunts or fakeouts). Breakouts, reversals, or high-impact news. Entry/exit points in strategies focusing on volatility expansion. No Boxes: Indicates normal or low-volatility candles (range < threshold). Multi-Timeframe Analysis: On lower timeframes (e.g., 5-min), boxes encompass multiple bars. On higher (e.g., 1-hour), they highlight specific 15-min segments. Example: On a volatile stock like TSLA, a 0.2 multiplier might highlight candles during earnings releases, aiding in spotting trading opportunities. Limitations and Considerations Drawing Limits: TradingView caps drawing objects at ~500 per script. On long histories, older boxes may not load—zoom in or reduce chart bars. Data Availability: Requires 15-minute and daily data; may not work on illiquid symbols or non-standard charts (e.g., Renko). Real-Time Delays: Boxes appear only after 15-min closes; no intra-bar drawing. No Alerts Built-In: Add custom alerts via TradingView's alert system (e.g., on condition changes). Performance: Efficient, but on very low timeframes with long history, it may use more resources due to persistent boxes. Customization: For extensions (e.g., labels, multiple timeframes), modify the code carefully in Pine Script® v6 to avoid errors. Version History V0.2: Added persistent historical boxes; refined new candle detection. Future Updates: Potential additions like box limits or multi-multiplier support. Check for updates in the script comments. If you encounter issues or need customizations, refer to TradingView's Pine Script® documentation or community forums. For error-free extensions in Pine Script® v6, ensure proper variable scoping, type declarations, and testing on historical data.
אינדיקטור Pine Script®
מאת ‎Richard_1O1‎
MA150 Respect Ratio (ATR-adjusted)This indicator measures how reliably price respects the 150-day moving average as support. It computes an empirical probability (Respect Ratio) based on historical interactions with MA150: – Dynamic touch tolerance based on ATR – Optional shallow breaks allowed (user-defined) – Trend filter (MA150 rising + price above) – Minimum event count for statistical reliability The output is a probability score (0–1) indicating how often MA150 held as support when tested. This tool is intended for research and decision support, not as a standalone trading signal.
אינדיקטור Pine Script®
מאת ‎noamz9400‎
MA150 RespectRatio NoamzThis indicator measures how reliably price respects the 150-day moving average as support. It computes an empirical probability (Respect Ratio) based on historical interactions with MA150: – Dynamic touch tolerance based on ATR – Optional shallow breaks allowed (user-defined) – Trend filter (MA150 rising + price above) – Minimum event count for statistical reliability The output is a probability score (0–1) indicating how often MA150 held as support when tested. This tool is intended for research and decision support, not as a standalone trading signal.
אינדיקטור Pine Script®
מאת ‎noamz9400‎
1
VWAP Extreme Zones (Elite Style)Short Description VWAP Extreme Zones (Elite Style) highlights statistically stretched price areas above and below VWAP, helping traders identify potential overextension, mean-reversion zones, and high-risk breakout areas during intraday sessions. Disclaimer This indicator is provided for educational and analytical purposes only. It does not constitute financial advice or trade signals. All trading involves risk. Always confirm with price action, market context, and proper risk management before taking any trade.
אינדיקטור Pine Script®
מאת ‎helpfulZebra8xmnt‎
Price Action High 2 + Risk/Reward VisualizerIntroduction: Price Action High 2 (Bull Flag) Setup This script identifies the High 2 (H2) setup, a staple price action pattern popularized by Al Brooks. The High 2 is a high-probability continuation pattern designed to catch the resumption of a bull trend after a two-legged pullback (a "complex" bull flag). In a strong uptrend, the first attempt to end a pullback often fails (High 1). The High 2 represents the second, and usually more reliable, attempt by bulls to take control, often forming a "double bottom" structure within the flag. How the Logic Works The indicator follows a strict state-machine logic to ensure the pattern is valid: Trend Confirmation: The script filters for an established uptrend where price is above a rising EMA (adjustable in settings). Pullback Identification: It looks for a sequence of bars making lower highs. High 1 (H1): The first bar in the correction that breaks above the high of the prior bar. The Second Leg: The script then waits for the price to again fail to break a high, confirming a second leg of the pullback. High 2 (H2): The signal is triggered when a bar breaks the high of the previous bar for the second time. Key Features Signal Bar Quality Filter: Not all High 2s are equal. This script includes a filter ensuring the signal bar closes in the upper portion of its range (bullish conviction) to avoid "weak" breakouts. Automated Risk/Reward Visualizer: Upon a signal, the script automatically projects a Stop Loss (at the signal bar low) and a Take Profit level based on a customizable R:R ratio. Clean Visuals: Labeled "H2" markers and dashed trend lines keep the chart uncluttered. How to Trade It Entry: Place a buy-stop order 1 tick above the High 2 signal bar. Stop Loss: Traditionally placed below the low of the signal bar or the most recent swing low. Target: Common targets include a 1:2 Risk/Reward ratio or the previous major swing high. Settings Guide EMA Length: Adjust this to match your timeframe (e.g., 20 for intraday, 50 for daily). Min Close %: Set this to 50% or higher to ensure you only take trades where the bulls finished the bar strong. Risk:Reward Ratio: Customize your profit targets to align with your personal trading plan.
אינדיקטור Pine Script®
מאת ‎rhotov‎
Pre-Market + Daily + Weekly REGULAR HOURS 📦 Pre-Market + Daily + Weekly RTH Range Boxes This indicator automatically plots Pre-Market, Daily, and Weekly range boxes based strictly on US Regular Trading Hours (RTH). What it does: Pre-Market Box (04:00–09:30) Captures the full pre-market high and low, then projects the range forward from the RTH open. Daily RTH Box (09:30–16:00) Tracks the previous day’s regular session high and low and plots the range starting at 04:00 AM the next day. Weekly RTH Box (Mon–Fri, 09:30–16:00) Accumulates the full weekly RTH range and plots it at 04:00 AM on Monday.
אינדיקטור Pine Script®
מאת ‎MASTER4U‎
New York Sessions High/Low with Liquidity Purge CriteriaDisplays horizontal lines at the highest high and lowest low of the NY AM (09:30–12:00) and NY PM (13:30–16:00) sessions in New York time. Lines extend forward until price strongly breaks them by a user-defined threshold (N points), at which point they cease extending - liquidity purged. Option to show only active lines (unpurged liquidity) - toggle to hide old liquidity pools for a cleaner chart. Customizable colors, line styles, width, lookback days and purge threshold.
אינדיקטור Pine Script®
מאת ‎LimYX‎
1
Golden Zone Structure [Kodexius]Golden Zone Structure is a ZigZag based market structure and Fibonacci tool designed to make swing context easier to read directly on the price chart. It detects meaningful pivot highs and lows, labels the evolving structure (HH, HL, LH, LL, including equal highs and lows), and automatically projects a Fibonacci map across the most recent completed swing. Instead of forcing you to manually anchor Fib tools after every new leg, the script rebuilds levels each time a fresh pivot is confirmed. This makes it well suited for traders who focus on swing continuation, pullback depth, and reaction zones where liquidity and orderflow often concentrate. A key emphasis is the Golden Zone highlight. The indicator shades the zone that is most relevant to the current swing context so you can quickly spot where a retracement is approaching a higher probability reaction area, without cluttering the chart with too many permanent objects. The tool is intentionally visual and configurable. You can choose pivot source (High/Low or Close), adjust swing sensitivity via ZigZag period, switch color themes, and decide how much detail you want on screen (levels, zigzag lines, labels). Optional trading markers can be enabled for users who want a lightweight “zone interaction” prompt. These markers are not intended as a standalone trading system. They are meant to complement your own confirmation rules (structure alignment, volume, higher timeframe bias, or price action triggers). 🔹Features 🔸 ZigZag Swing Engine - Uses a configurable ZigZag period to filter noise and confirm swing points only when the lookback logic validates the move. Supports different pivot sources (High/Low or Close) so you can choose between cleaner structure or more reactive behavior depending on the instrument. Optional ZigZag leg drawing to visualize swing flow without clutter. 🔸 Market Structure Labels (HH, HL, LH, LL + Equals) - Automatically labels each confirmed pivot based on how it compares to the prior pivot of the same type. High side classification: H, HH, LH, EH. Low side classification: L, HL, LL, EL. Equal highs and lows help reveal potential liquidity pools and “magnet” areas where price often reacts or breaks with intent. 🔸 Auto Fibonacci Map on the Active Swing - Rebuilds Fibonacci levels every time a new pivot is confirmed, keeping the projection aligned with the most recent completed leg. Core retracement levels: 0.236, 0.382, 0.500, 0.618, 0.786. Extension levels: 1.272 and 1.618 for expansion targeting and continuation mapping. Optional price labels on each level, formatted to tick size so levels remain readable across markets. 🔸 Golden Zone Highlighting (Context Aware) - Highlights the most relevant retracement band with a soft fill so you can spot “zone approach” moments at a glance. The zone selection adapts to swing context, focusing on a different retracement region depending on whether the last confirmed pivot is a peak or a trough. Adjustable transparency keeps the chart clean while preserving the key reaction area. 🔸 Visual Customization + Themes - Multiple color themes (Neon, Ocean, Sunset, Monochrome) so the tool fits different chart styles and backgrounds. Independent toggles for Fib levels, Golden Zone shading, ZigZag lines, and price labels. Line width controls for better scaling across timeframes. 🔸 Optional Trading Markers + Alerts - Optional BUY and SELL labels based on zone interaction logic with candle confirmation filters. ATR based placement offset scaled by sensitivity so labels stay visually separated during volatility. Built in alert conditions for new pivot highs and new pivot lows so you can monitor structure changes without watching every bar. ▶ Practical Usage Tip • Use structure labels to define bias (HH + HL for bullish structure, LH + LL for bearish structure). • Use the Golden Zone as a location filter, then wait for your own trigger (break of minor structure, rejection candle, volume shift, etc.). • Treat extensions as “map points” not guaranteed targets. They work best when structure supports continuation.
אינדיקטור Pine Script®
מאת ‎Kodexius‎
3
Performance with Okuninushi Line Area Determinations**Performance Indicator with Market Structure Analysis** Building upon TradingView's official Performance indicator, I've added a custom column to assess current market structure using my Okuninushi Line methodology, which visualizes the AB structure concept. **What is the AB Structure?** The AB structure identifies equilibrium levels based on recent price action. The Okuninushi Line calculates the 50% midpoint between the highest high and lowest low over a specified lookback period. In this implementation, I use a 65-day period on the daily timeframe (representing one quarter: 13 weeks × 5 trading days), though this is fully customizable. **Market Structure Classification:** - **Above Okuninushi Line** → "upper to okuni" → Price is in the **Premium Area** (bullish structure) - **Below Okuninushi Line** → "down to okuni" → Price is in the **Discount Area** (bearish structure) This additional column provides an instant visual reference for whether each asset is currently trading above or below its equilibrium level, complementing the traditional performance metrics with structural context. ---
אינדיקטור Pine Script®
מאת ‎YAMAGUCHI-KUNI‎