Volume Spike IndicatorThe Volume Spike Indicator is designed to identify significant volume spikes in the market. This tool helps traders recognize unusual trading activity, which may indicate potential reversals, breakouts, or increased volatility. The indicator uses a simple moving average (SMA) of volume over a specified period and highlights bars where the current volume exceeds a multiple of this average.
Features:
Volume SMA Calculation:
The indicator calculates the SMA of volume over a customizable period (default: 20 bars).
Spike Multiplier:
A threshold multiplier (default: 4) determines what qualifies as a "spike."
Spikes occur when the current volume is greater than the SMA multiplied by this threshold.
Visual Alerts:
If a spike is detected, a red cross ( Cross ) and X-shape ( X-Cross ) are plotted above the corresponding bar for easy identification.
How to Use:
Spot High-Activity Areas:
Use this indicator to find points of unusually high trading activity, which can signify key levels or moments of interest in the market.
Adjust Settings for Sensitivity:
Length : Change the SMA period to match your trading timeframe.
Spike Multiplier : Lower values detect smaller spikes; higher values focus on extreme events.
Combine with Other Indicators:
This tool works best when combined with price action analysis, support/resistance levels, or trend indicators to confirm trading signals.
Customization Options:
Length: Number of bars for SMA calculation (default: 20).
Spike Multiplier: Threshold for defining volume spikes (default: 4).
This indicator is suitable for traders looking to enhance their analysis by identifying abnormal market activity.
אינדיקטורים ואסטרטגיות
[Sapphire] JetStream (SWMA + Laguerre Filter)A Dynamic Fusion of Sine Weighted Moving Average and Laguerre Filter
The JetStream Indicator is a versatile tool that combines the Sine Weighted Moving Average (SWMA) and the Laguerre Filter. This can be used to dynamically visualize price movements overtime.
Core Components:
Sine Weighted Moving Average (SWMA):
The SWMA applies sine-weighted coefficients to recent price values, producing a responsive moving average that adapts to market conditions.
The plotted SWMA line changes its color based on directional movement:
Cyan: Upward trend.
Gray: Downward trend.
The sensitivity of the SWMA is controlled via the SWMA Length input, allowing users to fine-tune its responsiveness to price changes.
Laguerre Filter:
The Laguerre Filter uses recursive smoothing techniques to extract meaningful trends while minimizing lag.
The filter line dynamically changes color:
Blue: Upward momentum.
White: Downward momentum.
The Laguerre Alpha parameter adjusts the filter's smoothing intensity, giving users control over its reaction to price fluctuations.
Bar Repainting:
The bar coloring feature adds another layer of visualization by dynamically altering bar colors based on the interaction between the SWMA and Laguerre Filter:
White: Both SWMA and Laguerre Filter are trending upward.
Teal: Both SWMA and Laguerre Filter are trending downward.
Cyan: Divergence between the two (one trending upward, the other downward).
Midnight Open RangeMidnight Open Range with Breakouts & Targets
This indicator helps traders identify and analyze the Midnight Open Range (12:00 AM to 12:30 AM ET) for potential trading opportunities. Key features include:
1. Automatic detection and plotting of the Midnight Open Range
2. Display of multiple historical ranges (customizable)
3. Breakout signals for range violations
4. Multiple target levels based on the range size
5. Customizable colors and styles for easy visual analysis
Perfect for traders looking to capitalize on overnight price action and early morning trends. Ideal for forex, futures, and 24-hour markets.
Note: For best results, use on lower timeframes (5-minute or less) with 24-hour chart data.
Enhanced VIP-like IndicatorSettings Breakdown Tutorial: Optimizing a Trading Strategy
This guide explains the key trading strategy settings and how to customize them based on your trading style and goals. Each parameter is essential for tailoring the strategy to market conditions and your risk appetite.
1. Short Moving Average Length (Default: 9)
• Purpose: Tracks short-term trends using a small number of candles.
• Settings Tips:
• Smaller Values (e.g., 9): Quickly react to price changes, useful for fast-moving markets.
• Larger Values (e.g., 12-15): Generate smoother signals for less volatile trades.
2. Long Moving Average Length (Default: 21)
• Purpose: Identifies long-term trends.
• Settings Tips:
• Higher Values (e.g., 50): Spot broader trends at the expense of slower signals.
• Trend Analysis: The interaction of short and long MAs helps determine bullish or bearish trends (e.g., bullish when short MA crosses above long MA).
3. Higher Timeframe MA Length (Default: 200)
• Purpose: Filters long-term trends on a higher timeframe (e.g., daily).
• Settings Tips:
• 200 Periods: Standard for defining bullish (price above) or bearish (price below) markets.
• Adjustable: Use 100 for faster responses or stick with 200 for reliability.
4. Higher Timeframe (Default: 1 Day)
• Purpose: Defines the timeframe for the higher moving average.
• Settings Tips:
• Shorter Timeframes (e.g., 4 Hours): More frequent trading signals.
• Daily Timeframe: Best for swing trading and identifying macro trends.
5. RSI Length (Default: 14)
• Purpose: Measures momentum over a specific number of candles.
• Settings Tips:
• Lower Values (e.g., 7): More sensitive to price changes, ideal for quick trades.
• Higher Values (e.g., 20): Smooth signals for more stable markets.
6. RSI Overbought (70) and Oversold (30) Levels
• Purpose: Marks thresholds for overbought and oversold conditions.
• Settings Tips:
• Stricter Levels (e.g., 80/20): Fewer, higher-quality signals.
• Looser Levels (e.g., 65/35): More frequent signals, suitable for active trading.
7. Pivot Left Bars (5) and Pivot Right Bars (5)
• Purpose: Confirms pivot points (support/resistance) based on surrounding candles.
• Settings Tips:
• Higher Values (e.g., 10): Stronger but less frequent pivot points.
• Lower Values: More responsive, for traders seeking quick pivots.
8. Take Profit Percentage (Default: 2%)
• Purpose: Defines the profit level to exit trades.
• Settings Tips:
• Higher Values (e.g., 5%): For swing traders holding positions longer.
• Lower Values (e.g., 1%): For scalpers focusing on quick trades.
9. Minimum Volume (Default: 1,000,000)
• Purpose: Ensures sufficient liquidity for trading.
• Settings Tips:
• Lower Values: For lower-volume markets.
• Higher Values: Reduces risk in high-liquidity assets.
10. Stop Loss Percentage (Default: 1%)
• Purpose: Sets the maximum acceptable loss per trade.
• Settings Tips:
• Lower Values (e.g., 0.5%): Reduces risk, suited for conservative trading.
• Higher Values (e.g., 2%): Allows more price fluctuation, ideal for volatile markets.
11. Entry Conditions
• Options:
• MA Crossover & RSI: Combines trend-following and momentum for well-rounded signals.
• Pivot Breakout: Focuses on support/resistance breakouts for high-impact trades.
• Settings Tips:
• Trend-Following Traders: Use MA Crossover & RSI.
12. Exit Conditions
• Options:
• Opposite Signal: Exits when the trade’s opposite condition occurs (e.g., bullish to bearish).
• Fixed Take Profit/Stop Loss: Exits based on predefined profit/loss thresholds.
• Settings Tips:
• Opposite Signal: Ideal for trend-following strategies.
Summary
Customizing these settings aligns the strategy with your trading goals. Test configurations in a demo environment before live trading to refine the approach and optimize results. Always balance profit potential with risk management.
• Fixed Levels: Better for strict risk management.
• Breakout Traders: Opt for Pivot Breakout.
Leverage Aware Trade OptimizerWelcome to the Leverage-Aware Trade Optimizer (LATO)! I’m thrilled to have you exploring this dynamic algorithm! LATO combines advanced market oscillation tracking, leverage-aware trade optimization, and real-time market analysis to help you make smarter, more informed trading decisions. Whether you're just starting or you’re an experienced trader, LATO provides powerful tools and insights to enhance your strategies. LATO is here to support you in optimizing your trades with precision, so feel free to dive in and explore all the features. Let’s make your trading experience as effective and rewarding as possible. Safe trading!
Leverage-Aware Trade Optimizer (LATO)
Short Title: LATO
Category: Trading Tools / Technical Analysis
Overview
The Leverage-Aware Trade Optimizer (LATO) is a powerful algorithm designed to track and analyze market oscillations, identify reversal zones, and provide dynamic trading levels for optimal decision-making. With built-in risk management features, LATO enhances traders’ ability to make well-informed decisions based on a comprehensive range of market indicators, including price oscillations, probabilities, and leverage-related risks.
Key Features
Comprehensive Market Oscillation Tracking: LATO utilizes advanced indicators such as the Indexed Position Oscillator (IPO), Candle Relative Percentage (CRP), and Oscillating Range Indicator (ORI) to track price fluctuations and detect key market oscillations, providing a detailed view of price movements.
Dynamic Price Levels for Trading Decisions: The script calculates critical price levels such as WAP, WBP, XAP, and XBP. These weighted and expanded prices help identify potential support and resistance zones for accurate trade entries and exits.
Reversal Detection and Trend Identification: LATO is designed to recognize top and bottom reversal zones using user-defined thresholds (e.g., upper_reversal, lower_reversal). The algorithm signals potential trend changes with event markers such as UP, DOWN, UIP, and DIP, enabling traders to anticipate market reversals.
Risk and Leverage Mapping: By estimating liquidation levels for various leverage values (5x, 10x, 20x, etc.), LATO assists in risk management, helping traders visualize leverage exposure and optimize their trades according to risk tolerance.
Integrated Visualization and Event Labels: LATO enhances visual analysis by plotting key levels, trend lines, and event markers on the chart. Custom labels summarize critical values, including SOD (Sell Odds), BOD (Buy Odds), ORI (Oscillating Range Indicator), and PVI (Price Volatility Index), offering a quick, actionable summary for traders.
User Inputs
Orders Deviation (order_deviation): Controls the deviation for calculating trade levels.
Top Reversal (upper_reversal): Sets the threshold for the upper reversal zone.
Bottom Reversal (lower_reversal): Sets the threshold for the lower reversal zone.
How It Works
LATO tracks market oscillations through the Indexed Position Oscillator (IPO) and Candle Relative Percentage (CRP), dynamically adjusting as the market fluctuates. The algorithm then identifies key levels using weighted prices (e.g., WAP, WBP) and generates reversal signals based on defined thresholds.
Once the Leverage-Aware Trade Optimizer (LATO) is applied to a chart, it automatically calculates dynamic support and resistance levels and identifies potential buying or selling opportunities. The script also plots liquidation zones based on different leverage levels and visualizes these areas through color-coded lines.
Use Case Scenarios
Trend Reversal Detection: Identify when the market is likely to reverse based on the ORI and price action.
Dynamic Price Levels: Use the weighted price levels and trend lines to pinpoint entry/exit points.
Leverage Risk Management: Monitor liquidation levels and use them for managing risk while trading with leverage.
Oscillation Tracking: Track key oscillations for detecting overbought or oversold conditions.
Alert Setup for LATO
You can set up alerts based on the key conditions like UP, DOWN, UIP, and DIP, as well as specific market movements.
Down Trend Alert (DOWN): Alerts when there’s a downtrend, triggered by a crossover of WBP and BL5, with specific conditions for ORI and SOD.
Up Trend Alert (UP): Alerts when there’s an uptrend, triggered by a crossunder of WAP and SL5, with ORI below -0.5.
Upper Reversal Alert (UIP): Alerts when ORI crosses below the lower_reversal threshold.
Downward Reversal Alert (DIP): Alerts when ORI crosses above the upper_reversal threshold.
Conclusion
The Leverage-Aware Trade Optimizer (LATO) is a comprehensive trading tool designed for traders seeking to optimize their trade entries and exits. By combining multiple indicators, dynamic price levels, and reversal zone detection, LATO offers an advanced approach to market analysis and decision-making. Whether you’re trading with leverage or simply looking for trend confirmation, LATO provides the insights you need to maximize your trading potential.
Notes
This script is designed to be used on any time frame.
Adjust the order_deviation parameter based on the asset volatility you are trading.
The reversal thresholds (upper and lower) should be fine-tuned depending on market conditions.
20-34 Dual Dot Alerts OnlyPine Script that uses dual Donchian Channels (20-period and 34-period) and places tiny blue dots above candles when the highest price touches any upper Donchian Channel and below candles when the lowest price touches any lower Donchian Channel, without displaying the channels themselves, you can use the code.
### Explanation of the Code:
1. **Indicator Declaration**: The script is named "Dual Donchian Channels Dots Only" and overlays on the price chart.
2. **Input for Lengths**: Users can set lengths for two Donchian Channels (20 and 34 periods).
3. **Calculating Bands**: The upper and lower bands are calculated using `ta.highest` and `ta.lowest` functions over the specified periods.
4. **Touch Conditions**:
- `upperTouch`: Checks if the highest price of the current candle touches either of the upper bands.
- `lowerTouch`: Checks if the lowest price of the current candle touches either of the lower bands.
5. **Plotting Dots**:
- A tiny blue dot is plotted above bars where `upperTouch` is true.
- A tiny blue dot is plotted below bars where `lowerTouch` is true.
### How to Use:
1. Copy this script into TradingView’s Pine Script editor.
2. Save it and add it to your chart.
3. You will see tiny blue dots appear above or below candles based on whether they touch any of the upper or lower Donchian Bands.
This setup provides a clear visual indication of price interactions with both Donchian Channels while keeping the chart uncluttered by hiding the channel lines.
Bear Market LevelMarks the bear market level. Calculated as 20% drop from highs. Useful on indices to determine technical Bull or Bear markets.
First 5-Minute Premarket High/Low Break RetestDay trading method that uses the 5 minute candle high and low but trade on the 1 minute chart.
This is a break and retest trading strategy based on the market open 5 minute high and low candle.
Additional levels would be the premarket high and low plotted in blue on the chart. It's not uncommon for the 5 minute to be near the premarket high and low zone.
The break and restest of the 5 minute white lines either to the downside or upside. Once a hammer or long wick candle forms near or touching the retest of the 5 minute line that indicates an entry point.
It's best to have another confirmation for entry such as the 13 and 100 ema cross to confirm good position and risk.
This is a repetable and solid trading strategy. The indicator was created to plot on the 1 and 5 minute charts.
ADX and Stochastic Entry Signals (Oscillator)### 🎯 What Does This Indicator Identify?
**Long Entry (BUY):**
A long signal is triggered when the **ADX** shows a strong trend above the set threshold, and the **Stochastic** crosses up from the **Oversold** level (below 20).
**Short Entry (SELL):**
A short signal is triggered when the **ADX** shows a strong trend above the set threshold, and the **Stochastic** crosses down from the **Overbought** level (above 80).
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### 📈 What Makes This Indicator Special?
✅ **Smart Trend Filter:**
The **ADX** ensures that trades are only entered when the trend is strong, preventing false entries in sideways markets.
✅ **Clear Signals on the Chart:**
The indicator plots **green arrows** for long entries and **red arrows** for short entries directly on the chart, along with **colored circles** marking the exact entry points.
✅ **Clearly Defined ADX Levels:**
Includes horizontal lines for **ADX levels of 20, 25, and 30**, helping traders identify trend strength more easily.
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### 🧩 Who Is This Indicator For?
🔹 **Day Traders**
🔹 **Swing Traders**
🔹 **Traders Looking for Strong Trends**
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### 🖱️ How to Use It?
1. **Set your desired timeframe** on the chart (e.g., 15 minutes, 1 hour, or daily).
2. **Look for green and red arrows** on the chart to identify potential entry points.
3. **Use the ADX levels** to confirm that the trend is strong enough before entering a trade.
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### 🚀 Key Benefits:
- **Reduces trades in non-trending markets.**
- **Helps enter trades only when market conditions are favorable.**
- **Provides clear and simple visual signals for better decision-making.**
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### 🤝 Join the Community:
💬 **If you find this indicator helpful, please leave a comment and share your thoughts!**
📊 **Follow me for more trading ideas and indicators on TradingView.**
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### 🔑 Keywords for Your Post:
#ADX #Stochastic #TradingIndicator #EntrySignals #TechnicalAnalysis #DayTrading #SwingTrading #TradingView
OHOL_VWAP_STIts all about OH and OL concept for Nifty Future.
1.When OH candle formed and breaks the high we can enter the position, candle should be below supertrend , moving average and vwap .
2..When OL candle formed and breaks the high we can enter the position, candle should be above supertrend , moving average and vwap .
Dynamic Intensity Transition Oscillator (DITO)The Dynamic Intensity Transition Oscillator (DITO) is a comprehensive indicator designed to identify and visualize the slope of price action normalized by volatility, enabling consistent comparisons across different assets. This indicator calculates and categorizes the intensity of price movement into six states—three positive and three negative—while providing visual cues and alerts for state transitions.
Components and Functionality
1. Slope Calculation
- The slope represents the rate of change in price action over a specified period (Slope Calculation Period).
- It is calculated as the difference between the current price and the simple moving average (SMA) of the price, divided by the length of the period.
2. Normalization Using ATR
- To standardize the slope across assets with different price scales and volatilities, the slope is divided by the Average True Range (ATR).
- The ATR ensures that the slope is comparable across assets with varying price levels and volatility.
3. Intensity Levels
- The normalized slope is categorized into six distinct intensity levels:
High Positive: Strong upward momentum.
Medium Positive: Moderate upward momentum.
Low Positive: Weak upward movement or consolidation.
Low Negative: Weak downward movement or consolidation.
Medium Negative: Moderate downward momentum.
High Negative: Strong downward momentum.
4. Visual Representation
- The oscillator is displayed as a histogram, with each intensity level represented by a unique color:
High Positive: Lime green.
Medium Positive: Aqua.
Low Positive: Blue.
Low Negative: Yellow.
Medium Negative: Purple.
High Negative: Fuchsia.
Threshold levels (Low Intensity, Medium Intensity) are plotted as horizontal dotted lines for visual reference, with separate colors for positive and negative thresholds.
5. Intensity Table
- A dynamic table is displayed on the chart to show the current intensity level.
- The table's text color matches the intensity level color for easy interpretation, and its size and position are customizable.
6. Alerts for State Transitions
- The indicator includes a robust alerting system that triggers when the intensity level transitions from one state to another (e.g., from "Medium Positive" to "High Positive").
- The alert includes both the previous and current states for clarity.
Inputs and Customization
The DITO indicator offers a variety of customizable settings:
Indicator Parameters
Slope Calculation Period: Defines the period over which the slope is calculated.
ATR Calculation Period: Defines the period for the ATR used in normalization.
Low Intensity Threshold: Threshold for categorizing weak momentum.
Medium Intensity Threshold: Threshold for categorizing moderate momentum.
Intensity Table Settings
Table Position: Allows you to position the intensity table anywhere on the chart (e.g., "Bottom Right," "Top Left").
Table Size: Enables customization of table text size (e.g., "Small," "Large").
Use Cases
Trend Identification:
- Quickly assess the strength and direction of price movement with color-coded intensity levels.
Cross-Asset Comparisons:
- Use the normalized slope to compare momentum across different assets, regardless of price scale or volatility.
Dynamic Alerts:
- Receive timely alerts when the intensity transitions, helping you act on significant momentum changes.
Consolidation Detection:
- Identify periods of low intensity, signaling potential reversals or breakout opportunities.
How to Use
- Add the indicator to your chart.
- Configure the input parameters to align with your trading strategy.
Observe:
The Oscillator: Use the color-coded histogram to monitor price action intensity.
The Intensity Table: Track the current intensity level dynamically.
Alerts: Respond to state transitions as notified by the alerts.
Final Notes
The Dynamic Intensity Transition Oscillator (DITO) combines trend strength detection, cross-asset comparability, and real-time alerts to offer traders an insightful tool for analyzing market conditions. Its user-friendly visualization and comprehensive alerting make it suitable for both novice and advanced traders.
Disclaimer: This indicator is for educational purposes and is not financial advice. Always perform your own analysis before making trading decisions.
RSI EMA Moving Average Strategy//@version=6
indicator("RSI EMA Moving Average Strategy", overlay=true)
// Inputlar
RSI_Period = input.int(14, title="RSI davri")
RSI_Buy_Level = input.int(20, title="RSI Buy darajasi")
RSI_Sell_Level = input.int(80, title="RSI Sell darajasi")
EMA_Period = input.int(100, title="EMA davri")
Liquidity_Range = input.int(10, title="Likvidlik zonasi uchun barlar soni")
// Indikatorlar hisob-kitobi
rsi = ta.rsi(close, RSI_Period)
ema = ta.ema(close, EMA_Period)
// Likvidlik darajalarini aniqlash
highLiquidity = ta.highest(high, Liquidity_Range)
lowLiquidity = ta.lowest(low, Liquidity_Range)
// Signal shartlari
var string signal = na
var label buyLabel = na
var label sellLabel = na
var label exitLabel = na
if (rsi < RSI_Buy_Level and close > ema and close > lowLiquidity)
signal := "Buy"
label.delete(buyLabel)
buyLabel := label.new(bar_index, close, "Buy", style=label.style_label_down, color=color.green)
alert("Buy signali topildi!", alert.freq_once_per_bar)
if (rsi > RSI_Sell_Level and close < ema and close < highLiquidity)
signal := "Sell"
label.delete(sellLabel)
sellLabel := label.new(bar_index, close, "Sell", style=label.style_label_up, color=color.red)
alert("Sell signali topildi!", alert.freq_once_per_bar)
if ((close < ema and signal == "Buy") or (close > ema and signal == "Sell"))
label.delete(exitLabel)
exitLabel := label.new(bar_index, close, "Exit", style=label.style_label_down, color=color.yellow)
alert("Exit signali topildi!", alert.freq_once_per_bar)
RSI EMA Moving Average Strategy//@version=6
indicator("RSI EMA Moving Average Strategy", overlay=true)
// Inputlar
RSI_Period = input.int(14, title="RSI davri")
RSI_Buy_Level = input.int(20, title="RSI Buy darajasi")
RSI_Sell_Level = input.int(80, title="RSI Sell darajasi")
EMA_Period = input.int(100, title="EMA davri")
Liquidity_Range = input.int(10, title="Likvidlik zonasi uchun barlar soni")
// Indikatorlar hisob-kitobi
rsi = ta.rsi(close, RSI_Period)
ema = ta.ema(close, EMA_Period)
// Likvidlik darajalarini aniqlash
highLiquidity = ta.highest(high, Liquidity_Range)
lowLiquidity = ta.lowest(low, Liquidity_Range)
// Signal shartlari
var string signal = na
var label buyLabel = na
var label sellLabel = na
var label exitLabel = na
if (rsi < RSI_Buy_Level and close > ema and close > lowLiquidity)
signal := "Buy"
label.delete(buyLabel)
buyLabel := label.new(bar_index, close, "Buy", style=label.style_label_down, color=color.green)
alert("Buy signali topildi!", alert.freq_once_per_bar)
if (rsi > RSI_Sell_Level and close < ema and close < highLiquidity)
signal := "Sell"
label.delete(sellLabel)
sellLabel := label.new(bar_index, close, "Sell", style=label.style_label_up, color=color.red)
alert("Sell signali topildi!", alert.freq_once_per_bar)
if ((close < ema and signal == "Buy") or (close > ema and signal == "Sell"))
label.delete(exitLabel)
exitLabel := label.new(bar_index, close, "Exit", style=label.style_label_down, color=color.yellow)
alert("Exit signali topildi!", alert.freq_once_per_bar)
Currency Strength Indicator LUX TRADING ACADEMYMisura la forza relativa delle valute mettendole a confronto
High Low Markers v1Retrieves the previous day’s high using request.security(...), so it works on any timeframe, even intraday.
Creates a single label (stored in a var variable) at that previous day high.
Places the text on the right of the anchor point by using label.style_label_right.
Updates the label’s position each bar (or only on a new day, if desired) so it always reflects the most recent previous day’s high.
5-Minute Momo StrategyEntry Conditions:
Buy when the short MA crosses above the long MA, RSI confirms no overbought condition, and MACD is bullish.
Sell when the short MA crosses below the long MA, RSI confirms no oversold condition, and MACD is bearish.
Exit Conditions:
Close long positions when the opposite crossover occurs or RSI becomes overbought.
Close short positions when the opposite crossover occurs or RSI becomes oversold.
Stop-Loss and Take-Profit:
Uses ATR-based levels for dynamic stop-loss and take-profit targets.
Visualization:
Plots moving averages, RSI levels, and MACD histogram for easy analysis.
Alerts:
Configurable alerts to notify traders of buy and sell signals.
Volume Divergence Lookback IndicatorDescription : The (VDLI 👑) is a tool designed to analyze volume divergences relative to specific lookback periods, helping identify potential trend changes in the markets. this indicator adapts to different timeframes and allow users to customize lookback and calibration parameters for optimized insights into volume and price dynamics.
Footprint BoxesThis indicator is designed to extract delta percentage at bin and total delta orderflow features from lower time frame data as tradingview pro provides, but for free.
The highest bin represent total volume delta at the candle
The other bins are from high prices to low prices top to bottom and the values inside them shows the percentage of directional volume delta at that spesific level
Let me know how can I improve it
you should use it with +1 hour charts
B20 by Nulytrading The "B20" defines the intraday trend. It displays 20 candles on the M15 timeframe from 7:00 AM to 12:00 PM. When the price breaks above the highest point or below the lowest point of these 20 candles, it is called a "B20 breakout." The price tends to move toward Fibonacci extension levels of 1.618, 2.618, and 4.238, also referred to as B1, B2, and B3 levels. These levels represent reaction zones, support, and resistance areas, helping to determine take-profit points. Additionally, this indicator assists in identifying bottoms and tops, reducing the risk of significant losses. Currently, this indicator is best used exclusively with the XAUUSD (gold) pair. Combine it with key levels, trendlines, and order clusters to enhance its effectiveness.
Biên 20 xác định xu hướng trong ngày. Hiển thị 20 nến khung m15 từ 7h sáng đến 12h trưa. Khi giá phá vỡ điểm cao nhất hoặc thấp nhất của trong 20 cây nến đó, gọi là phá vỡ biên. Giá có xu hướng tiến đến các mốc fibo mở rộng 1,618 và 2,618 và 4,238. Còn gọi là mốc B1, B2, B3. Các B này hiển thị vùng phản ứng, kháng hỗ. Xác định điểm take profit. Và còn giúp bạn bắt đáy, đỉnh đỡ cháy hơn, hiện chỉ báo này chỉ nên sử dụng với sản phẩm XAUUSD (vàng). Kết hộ với key level, trendline, bộ tố lệnh để tăng hiệu quả.
Long-Only Donchian Channel Breakout with ATR Stop
Long Only Strategy Indicator
Donchian Channel Breakout
Customizable lookback period and ATR multiple stop loss
Background color whether should be long or short
Support and Resistance (1 Hour)//@version=5
indicator("Support and Resistance (1 Hour)", overlay=true)
// Define the period for support and resistance (in this case, 50 bars)
length = input.int(50, title="Lookback Period", minval=1)
// Calculate the highest high and lowest low over the lookback period
highestHigh = ta.highest(high, length)
lowestLow = ta.lowest(low, length)
// Plot the support and resistance lines on the chart
plot(highestHigh, title="Resistance", color=color.red, linewidth=2)
plot(lowestLow, title="Support", color=color.green, linewidth=2)
// Add background shading to highlight areas near support and resistance
bgcolor(close >= highestHigh ? color.new(color.red, 90) : na)
bgcolor(close <= lowestLow ? color.new(color.green, 90) : na)
// Display the values of the support and resistance levels
plotchar(highestHigh, title="Resistance Value", location=location.top, color=color.red, offset=-1)
plotchar(lowestLow, title="Support Value", location=location.bottom, color=color.green, offset=-1)
