Rate of Change of OBV with RSI ColorThis indicator combines three popular tools in technical analysis : On-Balance Volume (OBV), Rate of Change (ROC), and Relative Strength Index (RSI). It aims to monitor momentum and potential trend reversals based on volume and price changes.
Calculation:
ROC(OBV) = ((OBV(today) - OBV(today - period)) / OBV(today - period)) * 100
This calculates the percentage change in OBV over a specific period. A positive ROC indicates an upward trend in volume, while a negative ROC suggests a downward trend.
What it Monitors:
OBV: Tracks the volume flow associated with price movements. Rising OBV suggests buying pressure, while falling OBV suggests selling pressure.
ROC of OBV:
Measures the rate of change in the OBV, indicating if the volume flow is accelerating or decelerating.
RSI: Measures the strength of recent price movements, indicating potential overbought or oversold conditions.
How it can be Used:
Identifying Trend Continuation: Rising ROC OBV with a rising RSI might suggest a continuation of an uptrend, especially if the color is lime (RSI above 60).
Identifying Trend Reversal: Falling ROC OBV with a declining RSI might suggest a potential trend reversal, especially if the color approaches blue (RSI below 40).
Confirmation with Threshold: The horizontal line (threshold) can be used as a support or resistance level. Bouncing ROC OBV off the threshold with a color change could suggest a pause in the trend but not necessarily a reversal.
When this Indicator is Useful:
This indicator can be useful for assets with strong volume activity, where tracking volume changes provides additional insights.
It might be helpful during periods of consolidation or trend continuation to identify potential breakouts or confirmations.
Educational
ICT Macro Sessions by @zeusbottradingICT Macro Sessions Indicator
The ICT Macro Sessions Indicator is a powerful tool designed for traders who follow the ICT (Inner Circle Trader) methodology and want to optimize their trading during specific high-probability time intervals. This indicator highlights all the key macro sessions throughout the trading day in the GMT+8 (Hong Kong) time zone.
What Does the Indicator Do?
This indicator visually marks ICT Macro Sessions on your trading chart using background colors and optional labels. Each session corresponds to specific time intervals when institutional activity is most likely to drive price action. By focusing on these periods, traders can align their strategies with market volatility and liquidity, increasing their chances of success.
Highlighted Sessions
The indicator covers all major ICT Macro Sessions, each with a unique color for easy identification:
London Macro 1 (15:33–16:00 GMT+8):
- Marks the early London session, often characterized by strong directional moves.
London Macro 2 (17:03–17:30 GMT+8):
- Captures the mid-London session, where price frequently reacts to liquidity levels.
New York AM Macro 1 (22:50–23:10 GMT+8):
- Highlights the start of the New York session, a prime time for price reversals or continuations.
New York AM Macro 2 (23:50–00:10 GMT+8):
- Focuses on late-morning New York activity, often aligning with key news releases.
New York Lunch Macro (00:50–01:10 GMT+8):
- Covers the lunch period in New York, where price may consolidate or set up for afternoon moves.
New York PM Macro 1 (02:10–02:40 GMT+8):
- Tracks post-lunch activity in New York, often featuring renewed volatility.
New York PM Macro 2 (04:15–04:45 GMT+8):
- Captures late-session moves as institutional traders finalize their positions.
Features of the Indicator
Fixed Time: The indicator is pre-configured for GMT+8 but it will adapt automatically to your timezone. No need to change anything in the code.
Background Highlighting: Each session is visually marked with a unique background color for quick recognition.
Optional Labels: Traders can enable or disable labels for each session, providing flexibility in how information is displayed.
Session Toggles: You can choose which sessions to display based on your trading preferences and strategy.
Intraday Timeframes: The indicator is optimized for intraday charts with timeframes of 45 minutes or less. You can change it to anything you like.
Why Use This Indicator?
The ICT Macro Sessions Indicator helps traders focus on the most critical times of the trading day when institutional activity is at its peak. These periods often coincide with significant price movements, making them ideal for scalping, day trading, or even swing trading setups. By visually highlighting these sessions, the indicator eliminates guesswork and allows traders to plan their trades with precision.
Non-Psychological Levels🟩 Non-Psychological Levels is a structural analysis tool that segments price action into objective ranges, identifying Broken and Unbroken levels without relying on psychological or time-based assumptions. By emphasizing mechanically derived price behavior, it provides traders with a clear framework for analyzing support and resistance in a consistent and unbiased manner across various market conditions.
This indicator introduces a new approach to understanding market structure by focusing on price movement within defined segments, free from behavioral patterns, round numbers, or specific time intervals. While the indicator is time-agnostic in design, it works within the natural time progression of the chart, ensuring that segmentation aligns with the inherent structure of price movement. Broken levels, where price has breached a structural boundary, and Unbroken levels, which remain intact, are visualized with horizontal lines. These structural zones are complemented by dynamically boxed segments that contextualize both historical and ongoing price behavior.
By offering an objective perspective, the Non-Psychological Levels indicator complements psychology-based tools, helping traders explore market dynamics from multiple angles. When structural levels align with psychological zones, they reinforce critical price areas; when they differ, they provide opportunities to analyze price behavior from an alternative lens. This indicator is designed as both an educational framework and a practical tool, encouraging a deeper understanding of structural price behavior in technical analysis.
⭕ THEORY AND CONCEPT ⭕
The Non-Psychological Levels indicator is grounded in the principle of analyzing price behavior without reliance on psychological assumptions or time-based factors. Its primary purpose is to provide a structural framework for identifying support and resistance levels by focusing solely on price movement within mechanically defined segments. By removing external influences such as sentiment, time intervals, or market sessions, the indicator offers an unbiased lens through which traders can observe price dynamics.
Non-psychology, as defined here, refers to an approach that excludes behavioral and emotional patterns—like fear, greed, or herd mentality—from price analysis. Traditional tools often depend on these patterns to identify zones such as pivots or Fibonacci retracements, but these methods can be inconsistent in volatile markets. In contrast, the Non-Psychological Levels indicator focuses entirely on what price is doing, free from assumptions about trader behavior or external time constraints.
The indicator’s time-agnostic and mechanically driven design segments price action into consistent ranges, highlighting "Broken" levels (where price breaches structural boundaries) and "Unbroken" levels (where price holds). These structural zones remain unaffected by subjective or external influences, ensuring clarity and consistency across different markets and timeframes. By doing so, the indicator reveals a pure view of price structure, independent of psychological biases.
Importantly, the Non-Psychological Levels indicator is not intended to replace psychology-based tools but to complement them. When its structural levels align with psychological zones like round numbers or session highs/lows, the significance of these areas is reinforced. Conversely, when the levels differ, the contrast provides traders with alternative insights into market dynamics. This dual perspective—blending mechanical objectivity with behavioral analysis—enhances the depth and flexibility of market evaluation.
The following principles outline the theoretical foundation of the indicator and its unique contribution to structural price analysis:
Time-Agnostic Design : The indicator avoids reliance on time-based factors like daily opens, session intervals, or specific events. Instead, it segments price action using bar indexes, ensuring that structural levels are identified independently of external time variables. While the x-axis of a chart inherently represents time, this indicator abstracts away its influence, allowing traders to focus purely on price movement without the bias of temporal context.
Mechanical and Neutral Framework : Every calculation within the indicator is predetermined by a set of mechanical rules, ensuring no subjective input or interpretation affects the results. This objectivity guarantees that levels are derived solely from observed price behavior, providing a reliable framework that traders can trust to remain consistent across different assets, timeframes, and market conditions.
Broken and Unbroken Levels : Broken levels represent zones where price has breached a structural boundary, while Unbroken levels highlight areas where price has consistently respected its range. This distinction provides a clear and systematic method for identifying key support and resistance levels, offering insights into where future price interactions are most likely to occur.
Neutral Price Behavior : By dividing price action into equal segments, the indicator removes the influence of external factors like trader sentiment or psychological expectations. Each segment independently determines significant levels based purely on price action, enabling a structural view of the market that abstracts away behavioral or emotional biases.
Complement to Psychological Tools : While the indicator itself avoids behavioral assumptions, its levels can align with psychological zones like round numbers, pivots, or Fibonacci levels. When these structural and psychological levels overlap, it reinforces the importance of key areas, while divergences offer opportunities to examine price behavior from a new perspective.
Educational Value : The indicator encourages traders to explore the contrast between structural and psychological analysis. By introducing a framework that isolates price behavior from external influences, it challenges traditional methods of technical analysis, fostering deeper insights into market structure and behavior.
🔍 UNDERSTANDING STRUCTURAL LEVELS 🔍
The Non-Psychological Levels indicator offers a straightforward yet powerful way to understand market structure by segmenting price action into mechanically defined ranges. This segmentation highlights two key elements: "Broken" levels, where price has breached structural boundaries, and "Unbroken" levels, which remain intact and respected by price action. Together, these components create a framework for identifying potential areas of support and resistance.
Broken Levels : These are structural boundaries that price has surpassed, indicating areas where previous support or resistance failed. Broken levels often signal transitions in price behavior, such as shifts in momentum or the start of trending movements. They provide insight into zones where price has already tested and moved beyond.
Unbroken Levels : These levels remain intact within a given price segment, marking areas where price has consistently respected boundaries. Unbroken levels are particularly useful for identifying potential reversal points or zones of continued support or resistance. Their persistence across price action often makes them reliable indicators of market structure.
The visual segmentation of price action into distinct ranges allows traders to observe how price transitions between structural zones. For example:
- Clusters of Unbroken levels near the current price may suggest strong support or resistance, offering areas of interest for reversals or breakouts.
- Gaps between Unbroken levels highlight areas of price inefficiency or low interaction, which may become significant if revisited.
By focusing solely on structural price behavior, the Non-Psychological Levels indicator enables traders to analyze price independently of time or psychological factors. This makes it a valuable tool for understanding price dynamics objectively, whether used on its own or alongside other indicators.
🛠️ SETTINGS 🛠️
The Non-Psychological Levels indicator offers various customizable settings to help users tailor its visualization to their specific trading style and market conditions. These settings allow adjustments to sensitivity, level projection, and the source of price calculations (e.g., wicks or closing prices). Below, we outline each setting and its impact on the chart, along with examples to illustrate their functionality.
Custom Settings
Sensitivity : This setting adjusts the balance between detailed and broader structural levels by controlling the number of segments. Higher values result in more segments, revealing finer price levels, while lower values consolidate segments to highlight major price movements.
Source : Allows the user to choose between 'Wick' or 'Close' for detecting levels. Selecting 'Wick' emphasizes the absolute highs and lows of price action, while 'Close' focuses on closing prices within each segment.
Level Labels : Configures the visual representation of price levels, allowing users to toggle between price values, symbols (▲ ▼), or disabling labels altogether. This setting ensures clarity in how Broken and Unbroken levels are displayed on the chart.
Unbroken Levels : - - - Users can customize the colors and label styles for Unbroken levels, which highlight areas where price has respected structural boundaries.
Broken Levels : -|- Similar to Unbroken levels, users can specify the visual appearance of Broken levels, including color customization for Broken highs and lows. These settings help distinguish areas where price has breached a structural boundary.
Projection Options : This setting allows users to control how broken and unbroken levels are visually extended on the chart. The Future option projects lines forward to the right of the current price, showing potential future relevance of levels. The All option extends lines both forward and backward, providing a comprehensive view of how levels align with historical and potential future price action. The None option disables projections, keeping the chart focused solely on current segment levels without any extensions.
Segments : Includes options for customizing the segment visualization:
- Live Segment : Toggles the display of a highlighted box representing the current developing segment, helping users focus on ongoing price action.
- Boxes : Allows users to display filled boxes around each segment for additional visual emphasis.
- Segment Colors : Users can define separate colors for support (lower) and resistance (upper) segments, making it easier to interpret directional trends.
- Boundaries : Enables or disables vertical lines to mark segment boundaries, providing a clearer view of structural divisions.
Repaint : This setting allows users to enable or disable triangle labels within the live segment. When enabled, the triangles dynamically update to reflect real-time price behavior during the live bar but will repaint until the bar is fully confirmed. Disabling this option prevents the triangles from appearing during the live bar, reducing potential confusion as they may otherwise flash on and off during price updates. This setting ensures users can choose their preferred visualization while maintaining clarity in real-time analysis.
Color Settings : Offers extensive customization for all visual elements, including Broken and Unbroken levels, segment boundaries, and live segments. These settings ensure the indicator can adapt to individual preferences for chart readability.
🖼️ CHART EXAMPLES 🖼️
The following chart examples illustrate different configurations and features of the Non-Psychological Levels indicator. These examples highlight how the indicator’s settings influence the visualization of structural price behavior, helping traders understand its functionality in various scenarios.
Broken and Unbroken Levels : Orange prices are Broken HIghs. Blue prices are Broken Lows. Green and Red are Unbroken.
Boundaries : Enable Boundaries to visualize segments.
High Sensitivity Setting : A high sensitivity setting produces fewer segments and levels, emphasizing broader price ranges and major structural zones. This configuration is better suited for higher timeframes or identifying overarching trends.
Low Sensitivity Setting : A low sensitivity setting results in a greater number of segments and levels, offering a granular view of price structure. This configuration is ideal for analyzing detailed price movements on lower timeframes.
Live Segment with Triangles Enabled : This example shows the live segment box with triangle labels enabled. These triangles update dynamically during the live bar but may repaint until the bar is confirmed, helping traders observe real-time price behavior.
Broken and Unbroken Levels : This example highlights Broken levels (where price has breached structural boundaries and are drawn through subsequent price action) and Unbroken levels (where price has respected structural boundaries). These distinctions visually identify areas of potential support and resistance.
Broken and Unbroken Levels with Projection: All : This example demonstrates the "Project All" feature, where broken and unbroken levels are extended both forward and backward on the chart. This visualization highlights historical and potential future support and resistance zones, helping traders better understand how price interacts with these structural levels over time.
Segment Boxes with Boundaries : Filled boxes around individual segments visually distinguish each price interval, offering clarity in observing structural price transitions.
📊 SUMMARY 📊
The Non-Psychological Levels indicator provides a unique framework for analyzing structural price behavior through the identification of Broken and Unbroken levels. These levels act as a mechanical representation of support and resistance, independent of psychological biases or time-based factors. By focusing purely on price movement within defined segments, the indicator offers a neutral and consistent approach to understanding market dynamics.
This method complements traditional tools by providing an unbiased perspective. When structural levels align with psychological zones—such as round numbers or session-based highs and lows—they reinforce the significance of these areas as key price zones. When they diverge, the indicator introduces an alternative view, prompting further exploration of price behavior. This dual perspective enhances the depth of analysis by combining the mechanical and behavioral aspects of price action.
The Non-Psychological Levels indicator is not designed to generate trading signals or predict future price movements but serves as a visual and educational tool. Its adaptability across all markets and timeframes allows traders to integrate it into their broader strategies. By highlighting structural price dynamics, the indicator offers a fresh perspective on market analysis while remaining compatible with other technical tools.
⚙️ COMPATIBILITY AND LIMITATIONS ⚙️
Asset Compatibility :
The Non-Psychological Levels indicator is compatible with all asset classes, including cryptocurrencies, forex, stocks, and commodities. It can be applied to any chart or timeframe, making it a flexible tool for structural price analysis. Users should adjust the Sensitivity setting to ensure the segmentation aligns with the price behavior of the specific asset being analyzed. For instance, higher sensitivity values are more suitable for assets with large price ranges, while lower values work well for assets with tighter ranges.
Visual Range Dependency :
The indicator is optimized to perform calculations only within the visible range of the chart. This is a significant advantage, as it prevents unnecessary calculations and maintains efficient performance. However, because of this dependency, levels may appear to "recalculate" when the chart is zoomed in or out quickly or shifted abruptly. While this does not affect the integrity of the levels, it may cause a temporary lag as the indicator adjusts to the new visual range.
Persistence of Levels Beyond Visibility :
Even if levels are not visible on the chart due to zoom or scroll settings, they still exist in the background and are recalculated when revisited. This ensures that the structural price analysis remains consistent, regardless of the chart view.
Box Limitations in Pine Script :
The indicator is subject to Pine Script's inherent limitation of 500 boxes. This means that no more than 500 segments or level boxes can be drawn on the chart simultaneously. For most configurations, this limitation is mitigated by focusing on the visual range, but users employing very low sensitivity settings may exceed the limit. In such cases, only the most recent 500 boxes will be displayed, potentially omitting earlier segments.
Lag with Low Sensitivity Settings :
When sensitivity is set to a low value, the indicator creates many more segments, resulting in finer granularity and a higher number of boxes. While this provides detailed structural levels, it may increase the likelihood of exceeding Pine Script’s 500-box limit or cause a temporary lag when rendering a dense set of boxes over a wide visual range. Users should adjust sensitivity to balance detail with performance, especially on assets with high volatility or broad price ranges.
Live Segment Caution :
The live segment box updates in real time to reflect price movements as the segment is still developing. Since the segment high and segment low are not yet finalized, users should interpret this feature as a dynamic visualization of current price behavior rather than a definitive structural analysis. This ensures clarity during ongoing price action while maintaining the integrity of the indicator's framework.
Cross-Market Versatility :
The indicator’s time-agnostic and mechanical design ensures that it functions identically across all markets and timeframes. However, users should consider the unique characteristics of different markets when interpreting the results, as certain assets (e.g., highly volatile cryptocurrencies) may require sensitivity adjustments for optimal segmentation.
Visual Range Dependency: Levels recalculate efficiently within the chart's visible range but may lag temporarily when zooming or scrolling quickly.
These considerations ensure that the Non-Psychological Levels indicator remains robust and versatile while highlighting some inherent limitations of Pine Script and real-time recalculations. Users can mitigate these constraints by carefully adjusting sensitivity and understanding how the visual range dependency affects performance.
⚠️ DISCLAIMER ⚠️
The Non-Psychological Levels indicator is a visual analysis tool and is not designed as a predictive or trading signal indicator. Its primary purpose is to highlight structural price levels, providing an objective framework for understanding support and resistance within mechanically segmented price action.
The indicator operates within the visible range of the chart to ensure efficiency and adaptiveness, but this recalculation should not be interpreted as a forecast of future price behavior. While the structural levels may align with significant price zones in hindsight, they are purely a reflection of observed price dynamics and should not be used as standalone trading signals.
This indicator is intended as an educational and visual aid to complement other analysis methods. Users are encouraged to integrate it into a broader trading strategy and make adjustments to the settings based on their individual needs and market conditions.
🧠 BEYOND THE CODE 🧠
The Non-Psychological Levels indicator, like other xxattaxx indicators , is designed with education and community collaboration in mind. Its open-source nature encourages exploration, experimentation, and the development of new approaches to price analysis. By focusing on structural price behavior rather than psychological or time-based factors, this indicator introduces a fresh perspective for users to study.
Beyond its visual utility, the indicator serves as an educational framework for understanding the concept of non-psychological analysis. It offers traders an opportunity to explore price dynamics in a purely mechanical way, challenging conventional methods and fostering deeper insights into structural behavior. This approach is especially valuable for those interested in exploring new concepts or seeking alternative perspectives on market analysis.
Your comments, suggestions, and discussions are invaluable in shaping the future of this project. We actively encourage your feedback and contributions, which will directly help us refine and improve the Non-Psychological Levels indicator. We look forward to seeing the creative ways in which you use and enhance this tool. MVS
Session RangeThis Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
This script plots the high and low price ranges for up to four customizable trading sessions directly on your chart. It is designed to help traders visualize price activity during specific trading hours.
Features
Customizable Sessions: Define up to four distinct trading sessions using the input.session parameter.
Visual Highlights: Each session range is highlighted with customizable colors for top and bottom lines as well as a fill between them.
Historical Ranges: Option to show historical session ranges with adjustable opacity.
Toggle Sessions: Enable or disable the display of specific trading sessions to tailor your analysis.
Overlay on Chart: The script works as an overlay, ensuring your analysis stays on the main chart.
How It Works:
Session Setup: Input the start and end times for each session in the Session 1, Session 2, Session 3, and Session 4 fields.
Dynamic Range Calculation: The script automatically calculates the high and low during active sessions, updating the range as new data comes in.
Customizable Colors: Adjust the colors for lines, fills, and historical ranges to match your charting style.
Clean Presentation: The script is designed to avoid clutter by limiting overlays to active and relevant sessions only.
Identify price action trends during key trading hours.
Compare ranges between multiple sessions for market behavior analysis.
Highlight significant session overlaps or range extensions.
Disclaimer :
This script is intended for educational purposes and should not be considered financial advice. Trading involves risks, and past performance does not guarantee future results.
Non-repainting ticker
The objective here is to provide a "non-repainting" source to indicators, meaning being sure that data is stable and will not affect the results, w/o having to make any change into the indicators
To use it :
1- include this "NRT" indicators onto your page : nothing will be displayed, just keep it.
2- as an exemple, when running any other indicator onto this page, and willing to select "close" as a source, just select instead " NRT: close" into source input; your indicator will then run "non-repainting"
Available sources : open, high, low , close, hl2, hlc3, ohlc4, hlcc4
MegaGas Bollinger Bands with Divergence and Circle SignalsIndicator: MegaGas Bollinger Bands with Divergence and Circle Signals
This script provides a powerful combination of Bollinger Bands, RSI Divergence detection, and signal visualization tools. Designed with flexibility and precision in mind, it aims to assist traders in identifying trend reversals, volatility zones, and divergence-based trading opportunities. The script is well-suited for swing trading, momentum trading, and even scalping when adapted to lower timeframes.
How It Works:
Bollinger Bands:
Bollinger Bands are used to detect price volatility and overbought/oversold conditions. The script calculates:
Basis Line: A 34-period Simple Moving Average (SMA) as the core trend line.
Upper Bands: Bands positioned 1x and 2x the standard deviation above the SMA.
Lower Bands: Bands positioned 1x and 2x the standard deviation below the SMA. These levels provide dynamic support and resistance zones, highlighting breakout and reversion opportunities.
RSI Divergence Detection:
The indicator detects bullish divergence (when RSI forms a higher low while price forms a lower low) and bearish divergence (when RSI forms a lower high while price forms a higher high). These divergences often precede significant reversals or momentum shifts.
Bullish divergence is displayed with blue triangles (up).
Bearish divergence is displayed with orange triangles (down).
Buy and Sell Signals:
Circle Signals are generated when price crosses key Bollinger Bands levels:
A green circle appears when the price crosses above the lower band (potential buy signal).
A red circle appears when the price crosses below the upper band (potential sell signal).
These signals help identify potential entry and exit points for trades, particularly in trend-following or mean-reversion strategies.
Trend Reference (Moving Average):
A 50-period Simple Moving Average (SMA) is included as a trend reference, helping traders gauge the overall market direction. Use this to confirm divergence signals and avoid trades against the prevailing trend.
Why This Indicator Is Unique:
This script integrates multiple tools in a meaningful way, emphasizing contextual trading signals. Unlike standalone Bollinger Bands or RSI indicators, it introduces:
Advanced Divergence Analysis: Enhancing traditional RSI with divergence-based alerts.
Dynamic Signal Filtering: Preventing repetitive signals by introducing state-based logic for circles and divergence signals.
Trend Alignment: Combining Bollinger Bands with an SMA to filter trades based on the prevailing trend.
How to Use:
Setup:
Apply the indicator to any chart and timeframe. For swing trading, higher timeframes like 4H or 1D are recommended.
Adjust the RSI, Bollinger Bands, and Moving Average lengths to match your strategy and asset.
Signals:
Look for divergence signals (triangles) as early warnings of trend reversals. Confirm these with price action or other tools.
Use circle signals (green/red) to time potential entries/exits around Bollinger Band extremes.
Confirmation:
Combine divergence and circle signals with the SMA line to avoid counter-trend trades. For example, take bullish signals when the price is above the SMA and bearish signals when it is below.
Chart Clarity:
The script is published with a clean chart for clarity. It visualizes all signals with distinct shapes (triangles and circles) and colors, ensuring they are easily recognizable. Bollinger Bands and the SMA are plotted with transparency to avoid clutter.
Originality:
This script is a thoughtful blend of Bollinger Bands and RSI divergence detection, carefully designed to provide traders with actionable insights. It introduces state-based logic to manage repetitive signals and seamlessly integrates trend filtering, making it a valuable tool for both novice and experienced traders.
Sri Yantra MTF - AynetSri Yantra MTF - Aynet Script Overview
This Pine Script generates a Sri Yantra-inspired geometric pattern overlay on price charts. The pattern is dynamically updated based on multi-timeframe (MTF) inputs, utilizing high and low price ranges, and adjusting its size relative to a chosen multiplier.
The Sri Yantra is a sacred geometric figure used in various spiritual and mathematical contexts, symbolizing the interconnectedness of the universe. Here, it is applied to visualize structured price levels.
Scientific and Technical Explanation
Multi-Timeframe Integration:
Base Timeframe (baseRes): This is the primary timeframe for the analysis. The opening price and ATR (Average True Range) are calculated from this timeframe.
Pattern Timeframe (patternRes): Defines the granularity of the pattern. It ensures synchronization with price movements on specific time intervals.
Geometric Construction:
ATR-Based Scaling: The script uses ATR as a volatility measure to dynamically size the geometric pattern. The sizeMult input scales the pattern relative to price volatility.
Pattern Width (barOffset): Defines the horizontal extent of the pattern in terms of bars. This ensures the pattern is aligned with price movements and scales appropriately.
Sri Yantra-Like Geometry:
Outer Square: A bounding box is drawn around the price level.
Triangles: Multiple layers of triangles (primary, secondary, and tertiary) are calculated and drawn to mimic the structure of the Sri Yantra. These triangles converge and diverge based on price levels.
Horizontal Lines: Added at key levels to provide additional structure and aesthetic alignment.
Dynamic Updates:
The pattern recalculates and redraws itself on the last bar of the selected timeframe, ensuring it adapts to real-time price data.
A built-in check identifies new bars in the chosen timeframe (patternRes), ensuring accurate updates.
Information Table:
Displays the selected base and pattern timeframes in a table format on the top-right corner of the chart.
Allows traders to see the active settings for quick adjustments.
Key Inputs
Style Settings:
Pattern Color: Customize the color of the geometric patterns.
Size Multiplier (sizeMult): Adjusts the size of the pattern relative to price movements.
Line Width: Controls the thickness of the geometric lines.
Timeframe Settings:
Base Resolution (baseRes): Timeframe for calculating the pattern's anchor (default: daily).
Pattern Resolution (patternRes): Timeframe granularity for the pattern’s formation.
Geometric Adjustments:
Pattern Width (barOffset): Horizontal width in bars.
ATR Multiplier (rangeSize): Vertical size adjustment based on price volatility.
Scientific Concepts
Volatility Representation:
ATR (Average True Range): A standard measure of market volatility, representing the average range of price movements over a defined period. Here, ATR adjusts the vertical height of the geometric figures.
Geometric Symmetry:
The script emulates symmetry similar to the Sri Yantra, aligning with the principles of sacred geometry, which often appear in nature and mathematical constructs. Symmetry in financial data visualizations can aid in intuitive interpretation of price movements.
Multi-Timeframe Fusion:
Synchronizing patterns with multiple timeframes enhances the relevance of overlays for different trading strategies. For example, daily trends combined with hourly patterns can help traders optimize entries and exits.
Visual Features
Outer Square:
Drawn to encapsulate the geometric structure.
Represents the broader context of price levels.
Triangles:
Three layers of interlocking triangles create a fractal pattern, providing a visual alignment to price dynamics.
Horizontal Lines:
Emphasize critical levels within the pattern, offering visual cues for potential support or resistance areas.
Information Table:
Displays the active timeframe settings, helping traders quickly verify configurations.
Applications
Trend Visualization:
Patterns overlay on price movements provide a clearer view of trend direction and potential reversals.
Volatility Mapping:
ATR-based scaling ensures the pattern adjusts to varying market conditions, making it suitable for different asset classes and trading strategies.
Multi-Timeframe Analysis:
Integrates higher and lower timeframes, enabling traders to spot confluences between short-term and long-term price levels.
Potential Enhancements
Add Fibonacci Levels: Overlay Fibonacci retracements within the pattern for deeper price level insights.
Dynamic Alerts: Include alert conditions when price intersects key geometric lines.
Custom Labels: Add text descriptions for critical intersections or triangle centers.
This script is a unique blend of technical analysis and sacred geometry, providing traders with an innovative way to visualize market dynamics.
Global vs National Index Spread RSIThe Global vs National Index Spread RSI indicator visualizes the relative strength of national stock indices compared to a global benchmark (e.g., AMEX). It calculates the percentage spread between the closing prices of each national index and the global index, applying the Relative Strength Index (RSI) to each spread.
How It Works
Spread Calculation: The spread represents the percentage difference between a national index and the global index.
RSI Application: RSI is applied to these spreads to identify overbought or oversold conditions in the relative performance of the national indices.
Reference Lines: Overbought (70), oversold (30), and neutral (50) levels help guide interpretation.
Insights from Research
The correlation between global and national indices provides insights into market integration and interdependence. Studies such as Forbes & Rigobon (2002) emphasize the importance of understanding these linkages during periods of financial contagion. Observing spread trends with RSI can aid in identifying shifts in investor sentiment and regional performance anomalies.
Use Cases
- Detect divergences between national and global markets.
- Identify overbought or oversold conditions for specific indices.
- Complement portfolio management strategies by monitoring geographic performance.
References
Forbes, K. J., & Rigobon, R. (2002). "No contagion, only interdependence: Measuring stock market co-movements." Journal of Finance.
Eun, C. S., & Shim, S. (1989). "International transmission of stock market movements." Journal of Financial and Quantitative Analysis.
GoldenTradz EMA+SMA Insight Multi Timeframe - [TilakBala]GoldenTradz EMA+SMA Insight Multi-Timeframe
📊 Indicator By: TilakBala from GoldenTradz — Revolutionize your trading approach with precision and insight!
Unlock the full potential of moving averages with the GoldenTradz EMA+SMA Insight indicator. This feature-packed tool combines the strength of Exponential Moving Averages (EMA) and Simple Moving Averages (SMA), offering unmatched flexibility and clarity for traders. Whether you're a beginner or a pro, this indicator empowers you to make well-informed trading decisions across multiple timeframes.
Key Features & Advantages:
Multi-Timeframe Analysis: Seamlessly analyze market trends using EMAs and SMAs from different timeframes on a single chart.
Gain a broader perspective by comparing short-term and long-term trends.
Customizable Settings:
Adjust EMA and SMA lengths, sources, and timeframes to fit your trading strategy perfectly.
Enable or disable specific moving averages for a clutter-free chart view.
Enhanced Trend Detection:
Identify bullish and bearish trends quickly using visually distinct EMAs and SMAs.
Use shorter EMAs for faster signals and longer SMAs for reliable trend confirmation.
Overlay Design:
Plots moving averages directly on the price chart for effortless analysis.
Distinct colors and line thicknesses ensure clear identification of each moving average.
Versatile Applications:
Suitable for scalping, day trading, swing trading, and long-term investments.
Works flawlessly with stocks, forex, cryptocurrencies, commodities, indices, and more.
Decision-Making Support:
Crossovers between EMAs and SMAs help identify potential buy or sell opportunities.
Monitor key support and resistance levels dynamically.
Efficiency in Market Noise:
EMAs provide rapid responsiveness in volatile markets.
SMAs help smooth out market noise for clearer long-term trends.
Adaptable to Any Strategy:
Perfect for breakout, trend-following, and mean-reversion strategies.
Combine with other indicators for a comprehensive trading system.
User-Friendly:
Intuitive interface with clear input fields for quick setup.
Suitable for traders of all experience levels.
📊 Indicator By: TilakBala from GoldenTradz — Revolutionize your trading approach with precision and insight!
Transform your trading with GoldenTradz EMA+SMA Insight — the ultimate tool for trend and momentum analysis.
Gains and Drawdowns with Standard DeviationsThis “Gains and Drawdowns with Standard Deviations” indicator helps in analyzing and visualizing the percentage gains and drawdown phases of a market or asset relative to its historical range. By calculating gains from the lowest low and drawdowns from the highest high over a specified lookback period, this indicator provides deeper insights into price movements and risk.
Key Features and Applications:
1. Gain and Drawdown Calculation:
• Gains: The indicator calculates the percentage gain from the lowest price point within a specific lookback period (e.g., 250 days).
• Drawdowns: Drawdowns are calculated as the percentage change from the highest point in the same period. This helps in identifying the maximum loss phases.
2. Standard Deviation:
• The indicator computes the standard deviation of both gains and drawdowns over a specified period (e.g., 250 days), allowing you to quantify volatility.
• Three bands (1st, 2nd, and 3rd standard deviations) are plotted for both gains and drawdowns, representing the frequency and magnitude of price movements within the normal volatility range.
3. Extreme Movements Highlighting:
• The indicator highlights extreme gains and drawdowns when they exceed user-defined thresholds. This helps in identifying significant market events or turning points.
4. Customizable Thresholds:
• Users can adjust the thresholds for extreme gains and drawdowns, as well as the lookback period for calculating gains, drawdowns, and standard deviations, making the indicator highly adaptable to specific needs.
Application in Portfolio Management:
The use of standard deviation in portfolio management is essential for assessing the risk and volatility of a portfolio. According to Modern Portfolio Theory (MPT) by Harry Markowitz, diversification of assets in a portfolio helps to minimize overall risk (especially the standard deviation), while maximizing returns. The standard deviation of a portfolio measures the volatility of its returns, with higher standard deviation indicating higher risk.
Scientific Source: Markowitz, H. M. (1952). Portfolio Selection. The Journal of Finance, 7(1), 77-91.
Markowitz’s theory suggests that an optimized portfolio, by minimizing the standard deviation of returns and combining a diversified asset allocation, can achieve better risk-adjusted returns.
Conclusion:
This indicator is particularly useful for traders and portfolio managers who want to understand and visualize market risk and extreme events. By using gains, drawdowns, and volatility metrics, it allows for systematic monitoring and evaluation of price movements, leading to more informed decisions in trading or portfolio management. A comprehensive understanding of price behavior and volatility helps in optimizing risk management and making strategic market entries.
Key Features:
• Visualization of Gains and Drawdowns with color-coded highlights for extreme movements.
• Standard Deviation Calculations for detailed volatility analysis.
• Customizable Thresholds for identifying extreme market events.
This indicator is a valuable tool for analyzing market data from a scientific standpoint, improving risk management, and making data-driven decisions based on historical performance.
Power Of 3 ICT 01 [TradingFinder] AMD ICT & SMC Accumulations🔵 Introduction
The ICT Power of 3 (PO3) strategy, developed by Michael J. Huddleston, known as the Inner Circle Trader, is a structured approach to analyzing daily market activity. This strategy divides the trading day into three distinct phases: Accumulation, Manipulation, and Distribution.
Each phase represents a unique market behavior influenced by institutional traders, offering a clear framework for retail traders to align their strategies with market movements.
Accumulation (19:00 - 01:00 EST) takes place during low-volatility hours, as institutional traders accumulate orders. Manipulation (01:00 - 07:00 EST) involves false breakouts and liquidity traps designed to mislead retail traders. Finally, Distribution (07:00 - 13:00 EST) represents the active phase where significant market movements occur as institutions distribute their positions in line with the broader trend.
This indicator is built upon the Power of 3 principles to provide traders with a practical and visual tool for identifying these key phases. By using clear color coding and precise time zones, the indicator highlights critical price levels, such as highs and lows, helping traders to better understand market dynamics and make more informed trading decisions.
Incorporating the ICT AMD setup into daily analysis enables traders to anticipate market behavior, spot high-probability trade setups, and gain deeper insights into institutional trading strategies. With its focus on time-based price action, this indicator simplifies complex market structures, offering an effective tool for traders of all levels.
🔵 How to Use
The ICT Power of 3 (PO3) indicator is designed to help traders analyze daily market movements by visually identifying the three key phases: Accumulation, Manipulation, and Distribution.
Here's how traders can effectively use the indicator :
🟣 Accumulation Phase (19:00 - 01:00 EST)
Purpose : Identify the range-bound activity where institutional players accumulate orders.
Trading Insight : Avoid placing trades during this phase, as price movements are typically limited. Instead, use this time to prepare for the potential direction of the market in the next phases.
🟣 Manipulation Phase (01:00 - 07:00 EST)
Purpose : Spot false breakouts and liquidity traps that mislead retail traders.
Trading Insight : Observe the market for price spikes beyond key support or resistance levels. These moves often reverse quickly, offering high-probability entry points in the opposite direction of the initial breakout.
🟣 Distribution Phase (07:00 - 13:00 EST)
Purpose : Detect the main price movement of the day, driven by institutional distribution.
Trading Insight : Enter trades in the direction of the trend established during this phase. Look for confirmations such as breakouts or strong directional moves that align with broader market sentiment
🔵 Settings
Show or Hide Phases :mDecide whether to display Accumulation, Manipulation, or Distribution.
Adjust the session times for each phase :
Accumulation: 1900-0100 EST
Manipulation: 0100-0700 EST
Distribution: 0700-1300 EST
Modify Visualization : Customize how the indicator looks by changing settings like colors and transparency.
🔵 Conclusion
The ICT Power of 3 (PO3) indicator is a powerful tool for traders seeking to understand and leverage market structure based on time and price dynamics. By visually highlighting the three key phases—Accumulation, Manipulation, and Distribution—this indicator simplifies the complex movements of institutional trading strategies.
With its customizable settings and clear representation of market behavior, the indicator is suitable for traders at all levels, helping them anticipate market trends and make more informed decisions.
Whether you're identifying entry points in the Accumulation phase, navigating false moves during Manipulation, or capitalizing on trends in the Distribution phase, this tool provides valuable insights to enhance your trading performance.
By integrating this indicator into your analysis, you can better align your strategies with institutional movements and improve your overall trading outcomes.
Calculadora para determinar el tamaño de la posiciónEsta calculadora usa como variables a ingresar :
- El tamaño de su cuenta
- Los niveles Stop Loss y Take Profit
- Definir un tamaño máximo de la posición por operación (25% de la cuenta)
- El monto máximo de perdida por operación (ej. 2% del total de la cuenta)
- El precio de compra de la acción
Entrega en el grafico el numero de acciones a comprar, el monto de la operación y la cantidad que esta en riesgo en esta operación, además grafica las línea donde estarán el Stop Loss y Take Profit y el precio al que se estaría comprando, facilitando la colocación de la operación.
Forward Price Performance TableThis calculates the percentage price changes for three key timeframes:
1 week (5 trading days ago)
1 month (17 trading days ago),
3 months (45 trading days ago).
This is to show a forward looking performance based on earlier timeframes that traditionally used. This is the framework I team uses to calculate performance metrics.
NY Trading Session TrackerNY Trading Session Tracker
This indicator highlights the New York trading session (14:30–21:00 UTC) directly on your chart. It visually identifies the session with a customizable background color and optional labels marking the session’s open and close. For added clarity, the labels can display the precise open and close prices, formatted with commas and up to 4 decimal places. Perfect for intraday traders looking to focus on one of the most active market periods.
Features:
• Highlight the NY session with a customizable background.
• Optional session open/close labels.
• Display open/close prices with professional formatting.
• Fully customizable settings for labels and colors.
Streamline your trading workflow and focus on what matters with the NY Trading Session Tracker!
USDEGP Rate MultipleIndicator shows the ratio between USDEGP rate calculated using CIB GDR and the official rate. In no stress, value should be stable.
London USDEGP priceThis indicator calculates the hypothetical USDEGP price using CIB receipts price in London Stock Exchange and its price in EGX. Values are smoothed.
Sticky Note Pro: Customizable Trading ChecklistStay organized and disciplined with this customizable sticky note on your TradingView chart. Perfect for traders who want to keep essential trading reminders, checklists, or notes visible while analyzing the market.
### Features:
- **Customizable Templates**: Choose from a **Trading Checklist**, **Risk Management**, or **Custom** template.
- **Section Customization**: Tailor the titles and content for up to three sections:
- 📊 **Analysis**: Track trend direction and support/resistance levels.
- 💰 **Risk Management**: Ensure proper risk management with reminders for risk percentage and stop loss settings.
- 🧠 **Psychology**: Stay disciplined with reminders to stick to your plan and avoid overtrading.
- **Dynamic Content**: Add or hide sections based on your preference, with dynamic spacing and content formatting.
- **Visual Customization**: Change text and background colors, and adjust text size and line spacing for optimal visibility.
- **Chart Integration**: The sticky note is displayed on the top-right corner of your chart and updates with the most recent bar.
### Why Use This Indicator?
This tool helps you stay on track with your trading plan, offering reminders for analysis, risk management, and trading psychology, all in one convenient place. Customize it to fit your style, and never miss a key point during your trading sessions again.
GB Time and MinutesCalculates Goldbach Time using both hour + minute AND just the minute of the hour, with the option to toggle either one on/off
Dynamic Horizontal Lines
Gann levels (squares of 9) have multiple levels. Adding lines at all these levels would add too much noise on the chart.
This indicator adds horizontal lines as per the Gann levels (Squares of 9) closest to the days close.
The current indicator add horizontal lines at the Gann level closest to the days close. It also adds 4 lines above & below the closest Gann level
I have considered Gann levels from 1 to 10000. You can append the Gann levels based on your requirements.
Infinity Market Grid -AynetConcept
Imagine viewing the market as a dynamic grid where price, time, and momentum intersect to reveal infinite possibilities. This indicator leverages:
Grid-Based Market Flow: Visualizes price action as a grid with zones for:
Accumulation
Distribution
Breakout Expansion
Volatility Compression
Predictive Dynamic Layers:
Forecasts future price zones using historical volatility and momentum.
Tracks event probabilities like breakout, fakeout, and trend reversals.
Data Science Visuals:
Uses heatmap-style layers, moving waveforms, and price trajectory paths.
Interactive Alerts:
Real-time alerts for high-probability market events.
Marks critical zones for "buy," "sell," or "wait."
Key Features
Market Layers Grid:
Creates dynamic "boxes" around price using fractals and ATR-based volatility.
These boxes show potential future price zones and probabilities.
Volatility and Momentum Waves:
Overlay volatility oscillators and momentum bands for directional context.
Dynamic Heatmap Zones:
Colors the chart dynamically based on breakout probabilities and risk.
Price Path Prediction:
Tracks price trajectory as a moving "wave" across the grid.
How It Works
Grid Box Structure:
Upper and lower price levels are based on ATR (volatility) and plotted dynamically.
Dashed green/red lines show the grid for potential price expansion zones.
Heatmap Zones:
Colors the background based on probabilities:
Green: High breakout probability.
Blue: High consolidation probability.
Price Path Prediction:
Forecasts future price movements using momentum.
Plots these as a dynamic "wave" on the chart.
Momentum and Volatility Waves:
Shows the relationship between momentum and volatility as oscillating waves.
Helps identify when momentum exceeds volatility (potential breakouts).
Buy/Sell Signals:
Triggers when price approaches grid edges with strong momentum.
Provides alerts and visual markers.
Why Is It Revolutionary?
Grid and Wave Synergy:
Combines structural price zones (grid boxes) with real-time momentum and volatility waves.
Predictive Analytics:
Uses momentum-based forecasting to visualize what’s next, not just what’s happening.
Dynamic Heatmap:
Creates a living map of breakout/consolidation zones in real-time.
Scalable for Any Market:
Works seamlessly with forex, crypto, and stocks by adjusting the ATR multiplier and box length.
This indicator is not just a tool but a framework for understanding market dynamics at a deeper level. Let me know if you'd like to take it even further — for example, adding machine learning-inspired probability models or multi-timeframe analysis! 🚀
Cosmic Cycle Trader -AYNETThe "Cosmic Cycle Trader 🌌"
Here's a summarized breakdown of the code:
Inputs
Orbital Periods (Moving Averages):
User specifies moving average (MA) periods as a comma-separated string (e.g., "10,20,50,100").
Predefined colors for each MA are used.
Fibonacci Sphere Levels:
User specifies Fibonacci retracement levels as a string (e.g., "0.236,0.382,0.618,1.0").
Color customization for Fibonacci levels is included.
Gravitational Pull (Signal Thresholds):
Configurable thresholds (buy_pull and sell_pull) to define signal triggers.
Alerts can be toggled on or off.
Core Features
Helper Functions:
parse_floats: Converts a comma-separated string into an array of floating-point numbers.
parse_ints: Converts a comma-separated string into an array of integers.
Orbital Periods (Moving Averages):
Moving averages are calculated for the given periods using the ta.sma function.
Each MA is stored in an array and plotted on the chart with a unique color.
Fibonacci Spheres:
Fibonacci levels are calculated based on the high and low of the current bar.
These levels are plotted as circles, visually indicating key price zones.
Signals:
Buy Signal: Triggered when:
The price closes above the highest MA.
The price is between specific Fibonacci levels.
Sell Signal: Triggered when:
The price closes below the lowest MA.
The price is below specific Fibonacci levels.
Alerts:
Alerts are created for buy and sell signals.
Signals are also annotated on the chart with labels and shapes.
Visual Elements
Plots:
Moving averages are plotted with distinct colors and line widths.
Fibonacci spheres are plotted as circles with customizable transparency.
Shapes:
Triangles indicate buy (green) and sell (red) signals on the chart.
Labels:
Buy signals display a "🌕 Buy" label.
Sell signals display a "🌑 Sell" label.
Purpose
This indicator helps traders identify potential buy and sell zones based on:
Moving average trends (orbital periods).
Key Fibonacci retracement levels.
Configurable thresholds (gravitational pull).
This combination of technical analysis tools makes it a visually appealing and functional indicator for traders.
Fibonacci Rainbow Day Trade-AYNETSummary of the "Fibonacci Rainbow Day Trade"
This script dynamically calculates Fibonacci retracement levels based on the daily high and low and plots them as colorful lines on the chart. It is designed for day traders to visually identify potential support and resistance zones using Fibonacci levels.
Key Features:
Dynamic Fibonacci Levels:
Levels are calculated using the daily high (day_high) and low (day_low).
Default levels: 0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.
These levels represent key areas where price is likely to react.
Colorful Rainbow Visualization:
Each Fibonacci level is represented by a unique color.
Colors are defined in a rainbow_colors array: red, orange, yellow, green, blue, purple, teal.
Customizable Inputs:
Users can modify the Fibonacci levels, line thickness (fibo_line_width), and whether to show labels.
Labels display the level percentage (e.g., 0.236) at their respective lines.
Optional Labels:
The script includes labels that annotate each Fibonacci level on the chart.
Labels are placed beside the corresponding lines for clarity.
Works on Any Timeframe:
Although the levels are based on the daily high/low, the script can be applied to any intraday timeframe.
Use Case:
Identify Support and Resistance Zones:
Watch for price reactions near Fibonacci levels to determine potential entry/exit points.
Dynamic Updates:
Fibonacci levels are updated daily, ensuring they remain relevant for intraday trading.
Custom Visualization:
Adjust levels, colors, and display options to suit your trading style.
Example Calculation:
Daily High: $120
Daily Low: $100
Fibonacci 0.618 Level: $100 + ($120 - $100) * 0.618 = $111.36
This script provides a visually appealing and effective way to incorporate Fibonacci levels into day trading strategies. 🌈
MA Rainbow-AYNETSummary of the "MA Rainbow"
The 200 MA Rainbow script creates a visually appealing representation of multiple moving averages (MAs) with varying lengths and colors to provide insights into price trends and market momentum.
Key Features:
Base Moving Average:
A starting point (ma_length, default 200) is used as the foundation for all other bands.
Rainbow Bands:
The script generates multiple moving averages (bands) with increasing lengths, spaced by a user-defined band_spacing multiplier.
The number of bands is controlled by rainbow_bands, allowing up to 7 bands.
Moving Average Types:
Users can select the MA type: Simple (SMA), Exponential (EMA), or Weighted (WMA).
Dynamic Colors:
Each band is assigned a unique color from a predefined rainbow palette, making the chart visually distinct.
Inputs for Customization:
ma_length: Adjust the base period of the moving average.
rainbow_bands: Set the number of bands to display.
band_spacing: Control the spread between bands.
How It Works:
Precomputing Bands:
Each band’s length is calculated based on the base length (ma_length) and a multiplier (band_spacing).
For example, if ma_length = 200 and band_spacing = 0.2, the lengths of the first 3 bands will be:
Band 1: 200
Band 2: 240
Band 3: 280
Global Plotting:
Each band’s moving average is precomputed using the selected type (SMA, EMA, or WMA).
Bands are plotted globally to avoid scope issues, ensuring compatibility with Pine Script rules.
Color Cycling:
Colors are assigned dynamically from a rainbow palette (red, orange, yellow, green, blue, purple, teal).
Use Case:
The 200 MA Rainbow helps traders:
Visualize market trends with multiple layers of moving averages.
Identify areas of support and resistance.
Gauge momentum through the spread and alignment of bands.
Customization:
Users can:
Change the base moving average length (ma_length).
Adjust the number of bands (rainbow_bands).
Control the spread between bands with band_spacing.
Select the moving average type (SMA, EMA, WMA).
Application:
Copy the script into the Pine Editor in TradingView.
Apply it to your chart to observe the Rainbow MA visualization.
Adjust inputs to match your trading style or strategy.
This script is a versatile tool for both beginner and advanced traders, providing a colorful way to track price trends and market conditions. 🌈
