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ParetoCapital AlogrithmThis strategy is a volatility-based breakout system designed to trade only when the market shows sufficient expansion and directional clarity. It operates by: Filtering market regime using a long-term trend reference to avoid trading against dominant momentum. Activating only during elevated volatility, ensuring trades are taken when price movement has enough energy to justify risk. Entering via breakout orders, not market orders, so trades are triggered only if price confirms continuation. Applying strict risk control, with capital usage and risk capped per trade. Separating backtest logic from live execution, using fixed external order sizing for consistency in automation. The strategy is intended for systematic, automated execution and avoids overtrading by remaining inactive during low-volatility or unclear market conditions.
אסטרטגיית Pine Script®
מאת ‎RobertSchroeder1‎
S_Sigma HTF Candles (UTC Draw / NY Labels)🕯️ S_Sigma HTF Candles (UTC Draw / NY Labels) Multi-Timeframe Overlay with Session Labels & Imbalances S_Sigma HTF Candles is a powerful, non-repainting overlay indicator that allows you to visualize up to 6 different Higher Timeframes (HTF) directly on your current chart. Designed specifically for traders who need context without switching tabs, this tool draws accurate HTF candles using UTC time (standard for Crypto) while labeling them with New York Timezone data (standard for Stocks/Forex). It also detects Fair Value Gaps (FVG) and Volume Imbalances automatically. 🌟 Key Features 📊 6 Independent HTF Slots Configure up to 6 different timeframes simultaneously (e.g., 15m, 1H, 4H, 1D, 1W). Each slot is customizable and can be toggled on/off independently. 🌍 UTC Drawing + NY Labels (The "Sigma" Edge) Drawing: Candles are calculated strictly using UTC time to ensure wicks and bodies match exchange data (perfect for BTC/ETH). Labels: Day of the Week (Mon/Tue/Wed) and Time labels are converted to America/New_York time. Never get confused by candle closes again. #HTF Countdown Timer** See exactly how much time is left until the Higher Timeframe candle closes. Essential for timing entries at the "Candle Close." 📈 Smart Imbalance Detection FVG (Fair Value Gaps): Automatically highlights 3-candle reversal gaps. VI (Volume Imbalance): Highlights wicks that pierce previous bodies. 🏗️ Custom Session Starts Don't like the standard Daily candle? Force the Daily candle to open at 08:30 NY or 09:30 NY (Market Open) instead of Midnight UTC. ⚙️ Customization Options Visuals: Full control over Bull/Bear colors, borders, wicks, and opacity. Layout: Adjust padding, width, and spacing between timeframes to prevent overlap. Trace Lines: Optional lines tracing the Open, High, Low, and Close of the forming HTF candle. Labels: Toggle HTF names, Timers, and Day-of-Week labels on/off. 💡 How to Use Add to Chart: The indicator draws candles to the right of the current price (offset) to keep your chart clean. Check Alignment: Ensure the "Daily Name" matches your expected market session (NY Time). Spot Entries: Look for price entering an FVG (Gray box) or hitting a HTF Support/Resistance level (Wick of the HTF candle). Time Entries: Wait for the Timer to hit 00:00 for a confirmed candle close. Perfect for: Smart Money Concepts (SMC), ICT, Wyckoff, and Multi-Timeframe Analysis.
אינדיקטור Pine Script®
מאת ‎guy-change-hertz‎
Multi-TF Fibonacci Pivot Points V4.5.3📊 MULTI-TIMEFRAME FIBONACCI PIVOT POINTS Display Fibonacci-based pivot points from multiple timeframes simultaneously on any chart. Perfect for identifying key support/resistance levels, confluences, and high-probability trade zones. ═══════════════════════════════════════════════════════ ✨ KEY FEATURES 🎯 MULTI-TIMEFRAME DISPLAY • View pivots from up to 6 different timeframes at once • 4HR, Daily, Weekly, Monthly, Quarterly, and Yearly support • Automatic timeframe validation prevents invalid combinations • Smart label placement reduces chart clutter 📈 FIBONACCI LEVELS • S3: -0.618 (Deep support) • S2: -0.382 (Intermediate support) • S1: -0.236 (Shallow support) • Pivot Point: 0.000 (Central pivot) • R1: +0.236 (Shallow resistance) • R2: +0.382 (Intermediate resistance) • R3: +0.618 (Deep resistance) • Optional additional Fibonacci levels available in settings 🎨 HIGHLY CUSTOMIZABLE • Individual color control for each timeframe • Show/hide specific levels (S3, S2, S1, P, R1, R2, R3) • Adjustable line width and transparency • Optional price labels • Compact or detailed label formats 🔔 ALERT SYSTEM • Long Signal: Price crosses above pivot point • Short Signal: Price crosses below pivot point • Customizable alert messages • Works with webhooks for automated trading ═══════════════════════════════════════════════════════ 💡 HOW TO USE **CONFLUENCE TRADING:** When multiple timeframe pivots align at the same price level, it creates a strong confluence zone. These areas often act as significant support/resistance. Example: • Daily R1, Weekly P, and Monthly S1 all near $90,000 • This creates a high-probability resistance zone • Consider taking profits or shorting at this confluence **TREND IDENTIFICATION:** • Price above all pivots = Strong uptrend • Price below all pivots = Strong downtrend • Price between pivots = Range-bound or transitional **SUPPORT/RESISTANCE:** • Fibonacci levels act as dynamic support/resistance • S1/R1: First line of support/resistance (shallow retracements) • S2/R2: Intermediate zones (common reversal points) • S3/R3: Deep retracements (high-probability bounce areas) **ENTRY/EXIT STRATEGIES:** • Buy at support levels (S1, S2, S3) in uptrends • Sell at resistance levels (R1, R2, R3) in downtrends • Use pivot point as dynamic stop loss or take profit target • Combine with your preferred indicators for confirmation ═══════════════════════════════════════════════════════ 🎓 PRACTICAL EXAMPLE: Confluence Zone Reversal **Setup:** • BTC in downtrend, approaching $84,000 • Daily S2, Weekly S1, and Monthly Pivot all converge at $84,000 • Strong 3-timeframe confluence = high-probability support zone **Entry Signal:** • Wait for price to test the $84,000 confluence level • Look for reversal confirmation (reversal pattern, bullish engulfing, RSI divergence, volume spike etc) • Enter long position above confluence at $84,100 **Risk Management:** • Stop loss: $83,500 (below S2 support level – generally recommended to use same TF although for better R:R you could consider using a different TF support level) • Initial target: $86,000 (Daily R1 resistance) • Risk/Reward: ~$500 risk for $1,900 profit potential = 1:3.8 ratio **Why It Works:** When multiple timeframes agree on a support level, it creates strong buyer interest at that price zone. Professional traders and algorithms often place orders at these confluence areas. When the support holds, the reversal moves are typically swift and powerful as trapped short sellers cover positions and new buyers enter. This same principle works in reverse for resistance confluences (shorting opportunities) and can be applied across any timeframe or asset class. ═══════════════════════════════════════════════════════ ⚙️ SETTINGS GUIDE **TIMEFRAME CONFIGURATION:** • Enable/disable each timeframe independently • Set 4HR, Daily, Weekly, Monthly, Quarterly, Yearly periods • Warning system prevents invalid timeframe combinations **LEVEL VISIBILITY:** • Toggle individual Fibonacci levels on/off • Hide levels you don't trade to reduce clutter • Keep only the levels relevant to your strategy • Enable optional additional Fibonacci levels if needed **VISUAL CUSTOMIZATION:** • Choose colours that match your charting style • Adjust line width for visibility (1-3 recommended) • Set transparency for background levels (20-40% typical) • Enable/disable price labels based on preference **ALERTS:** • Set up alerts for pivot point crosses • Receive notifications when price tests key levels • Use webhook URLs for automated trade execution • Customize alert messages for different scenarios ═══════════════════════════════════════════════════════ 📚 UNDERSTANDING FIBONACCI PIVOTS **What are Fibonacci Pivot Points?** Traditional pivot points use simple averages (High + Low + Close) / 3. Fibonacci pivot points enhance this by applying Fibonacci ratios (0.236, 0.382, 0.618) to calculate support and resistance levels. **Why Fibonacci Ratios?** These ratios appear frequently in nature and financial markets: • 0.236 (23.6%) - Shallow retracement • 0.382 (38.2%) - Common retracement zone • 0.618 (61.8%) - Golden ratio, deep retracement Markets often respect these levels due to trader psychology and self-fulfilling prophecy. **Multi-Timeframe Advantage:** Higher timeframe pivots carry more weight: • Yearly/Quarterly pivots: Major support/resistance (long-term positioning) • Monthly pivots: Significant levels (swing trades) • Weekly pivots: Intermediate zones (position trades) • Daily pivots: Short-term levels (day trades) • 4HR/Lower timeframes: Intraday precision (scalping) When pivots from multiple timeframes align, the confluence creates stronger support/resistance that professional traders watch closely. ═══════════════════════════════════════════════════════ ⚡ INTEGRATION WITH STRATEGY BUILDING This indicator works seamlessly with strategy builders and backtesting tools. The alert system provides clean signals that can be used as entry/exit conditions. These signals can be incorporated into automated strategies or used as confluence filters with your existing trading system. **Compatible with:** • TradingView's Strategy Tester • Most strategy building tools • Webhook-based automation platforms • Custom Pine Script strategies Simply reference the indicator's signals in your strategy logic or use the visual levels for manual discretionary trading. ⚠️ IMPORTANT NOTES **Timeframe Rules:** • Current chart timeframe must be LOWER than indicator timeframes • Example: Can't display Daily pivots on Weekly chart • Invalid combinations will show warning in label • Solution: Switch to lower chart timeframe or adjust indicator settings **Performance Considerations:** • Displaying 6 timeframes with all levels = 42 lines on chart • Disable unused timeframes to reduce visual clutter • Hide levels you don't actively trade (e.g., keep only S1, P, R1) • Use transparency to make background levels less prominent **Alert Best Practices:** • Test alerts on paper trading account first • Understand alert fires when bar CLOSES (not on wick) • Pivot point crosses generate signals, not individual S/R levels • Combine with other confluence factors (don't trade alerts blindly) ═══════════════════════════════════════════════════════ 📖 PRACTICE SUGGESTIONS 1. Observe how price respects pivot levels (especially HTF ones) 2. If available, use the Replay feature to identify how price reacts to different pivot levels (try to check in bullish, bearish and flat markets) 3. Use additional confluence for trades (previous S/R, momentum indicators etc) 4. Backtest your strategy before live trading 5. Keep a trading journal of pivot-based trades 6. Gradually add more timeframes as you gain experience ═══════════════════════════════════════════════════════ 📈 BUILDING COMPLETE TRADING SYSTEMS Multi-Timeframe Fibonacci Pivots excels at identifying high-probability price levels and confluence zones. For traders looking to develop complete trading strategies around these signals, the natural progression involves: **1. Signal Identification** (This Indicator) Identify key support/resistance levels and confluence zones across multiple timeframes **2. Strategy Development** Test and validate trading rules around these pivot levels using backtesting tools **3. Trade Management** Implement proper entry execution, exit management, position sizing, and risk controls This indicator integrates seamlessly with strategy testing and trade management systems. For traders serious about building robust, professional-grade trading approaches, explore the additional indicators/strategies I will be publishing soon. The goal is always the same: transform good trading ideas into consistently executable strategies with proper risk management. ═══════════════════════════════════════════════════════ 🎯 QUICK START CHECKLIST Getting started with MTF Fibonacci Pivots: Add indicator to chart (lower timeframe than pivots you want to see) Enable 1-2 timeframes initially (e.g., Daily + Weekly) Customize colours to match your chart theme Hide levels you don't trade (optional: keep only S1, P, R1) Identify current confluence zones Mark key levels you'll watch for the session/day/week Set up alerts for pivot crosses (optional) Practice identifying setups before taking real trades ═══════════════════════════════════════════════════════ 🌟 ENJOY TRADING WITH MTF FIBONACCI PIVOTS! Whether you're a day trader looking for intraday levels, a swing trader seeking major support/resistance zones, or a long-term investor identifying key price areas, Multi-Timeframe Fibonacci Pivots provides the levels you need at a glance. Happy trading! 📈 ═══════════════════════════════════════════════════════ 🔐 RISK DISCLAIMER This indicator is for educational and informational purposes only. It does not constitute financial advice. **Remember:** • No indicator is 100% accurate • Always use proper risk management (stop losses, position sizing) • Past performance does not guarantee future results • Combine with your own analysis and trading plan • Never risk more than you can afford to lose • Test thoroughly on paper trading before using real capital Trading carries significant risk. Ensure you understand these risks before trading. ═══════════════════════════════════════════════════════ 💬 FEEDBACK & SUPPORT **Found a bug?** Please report via comments with: • Chart timeframe, asset, and indicator settings • Description of issue and expected behavior **Feature requests?** I'm always looking to improve! Let me know: • What additional functionality would help your trading? • Which features do you use most/least? • How can the indicator be more user-friendly? **Success story?** Share how you're using MTF Fibonacci Pivots! Community feedback helps guide future development. ═══════════════════════════════════════════════════════ 🙏 CREDITS & ACKNOWLEDGMENTS **Original Concept:** This indicator is based on the excellent "Fibonacci Extension / Retracement / Pivot Points" script by dgtrd. The original script provided a solid foundation for calculating Fibonacci-based pivot levels. **Changes in This Version:** • Multi-timeframe capability (display up to 6 timeframes simultaneously) • Optional additional Fibonacci levels • Enhanced customization (colors, widths, transparency per timeframe) • Improved label system (compact/detailed formats, smart placement) • Timeframe validation and warnings • Optimized performance for multiple timeframes **Attribution:** Original script by dgtrd: Enhancements and multi-timeframe implementation with the support of Al If you find value in this indicator, please also check out dgtrd's original work and other excellent pivot point indicators in the TradingView community.
אינדיקטור Pine Script®
מאת ‎Zanevar‎
Mawhoob (TD - Trend Direction) - v1.1Mawhoob (Trend Direction - TD) Indicator v1.1 Professional Trend Analysis & Market Context Dashboard ---------------------------------------------------- 🎯 Overview ---------------------------------------------------- Mawhoob (Trend Direction - TD) is a comprehensive, professional-grade technical analysis tool designed to provide traders with multi-dimensional market insights. This advanced indicator combines a proprietary adaptive trend line with real-time market context data, offering a complete market analysis solution in one elegant package. ✨ Key Features ✨ ---------------------------------------------------- 📈 Trend Direction Line (TD Line) ---------------------------------------------------- Intelligent Moving Average System: Utilizes a sophisticated blend of EMA, RMA, and WMA with smart adaptive error correction. 1- Dynamic Color Coding: 🟢 Green: Bullish trend (price momentum upward). 🔴 Red: Bearish trend (price momentum downward). 2- Customizable Parameters: Main Period (1-200): Control long-term vs. short-term sensitivity. Fast Period (0-50): Fine-tune responsiveness to price changes. Weighting Factor (0-3): Adjust current price influence on the trend line. 3- Visual Bands: Optional upper and lower bands that create a dynamic channel around the trend line. ---------------------------------------------------- 📊 Real-Time Market Dashboard ---------------------------------------------------- A comprehensive information panel displaying multiple technical indicators and market dominance metrics. Technical Indicators Section: 1- RSI (Relative Strength Index) Current value with color-coded momentum indication. Direction status: UP / DOWN / NEUTRAL. Customizable overbought/oversold levels. Includes RSI SMA for trend confirmation. 2- MACD (Moving Average Convergence Divergence) Real-time MACD line value. Trend direction based on MACD vs. Signal line relationship. Fully customizable fast, slow, and signal periods. 3- ADX (Average Directional Index) Trend strength measurement. Color-coded display: Strong vs. Weak trend. Adjustable strength threshold. Market Dominance Section: 1- DXY (US Dollar Index) Real-time dollar strength tracking. Direction indicator for forex correlation analysis. 2- BTC.D (Bitcoin Dominance) Bitcoin market dominance percentage. Useful for crypto market sentiment analysis. 3- USDT.D (Tether Dominance) Stablecoin dominance tracking. Risk-on/risk-off market indicator. All dominance metrics feature: Customizable timeframe selection. UP/DOWN/NEUTRAL directional indicators. Color-coded values for quick visual assessment. ---------------------------------------------------- 🔔 Alert & Signal System ---------------------------------------------------- Price Crossover Alerts: Get notified when price crosses above or below the TD line. Smart Alert Logic: Filters out neutral/flat market conditions to reduce noise. Visual Signals: Optional triangle markers on chart (▲ bullish, ▼ bearish). Once-Per-Bar Frequency: Prevents alert spam while ensuring you don't miss opportunities. ---------------------------------------------------- 🎨 Visual Customization ---------------------------------------------------- Candle Color Mode: Option to color candles based on trend direction. Dashboard Positioning: Choose LEFT, RIGHT, or CENTER placement. Text Size Options: TINY, SMALL, NORMAL, or LARGE for optimal readability. Customizable colors for Bullish/Bearish trend lines. Customizable colors for dashboard backgrounds and borders. Customizable colors for UP/DOWN/NEUTRAL status indicators. ---------------------------------------------------- 📚 Use Cases ---------------------------------------------------- For Day Traders Quick trend identification with color-coded TD line. Real-time momentum gauges (RSI, MACD). Instant crossover alerts for entry/exit timing. For Swing Traders Medium-term trend direction with adjustable periods. ADX strength indicator for high-probability setups. Market dominance context for broader market analysis. For Crypto Traders BTC.D and USDT.D tracking for altcoin season detection. Integrated multi-indicator analysis. Customizable timeframes for dominance metrics. For Multi-Market Analysis DXY correlation for forex and commodities. Comprehensive dashboard for quick market scans. Cross-market sentiment analysis. ---------------------------------------------------- ⚙️ Settings & Customization ---------------------------------------------------- Trend Direction Settings Main TD Period: Adjust overall trend sensitivity. Fast TD Period: Control responsiveness (0 = no smoothing). Weighting Factor: Balance between historical and current prices. Line width and colors for visual preference. Optional trend bands with adjustable transparency. Dashboard Settings Toggle individual indicators on/off. Customize all indicator periods and thresholds. Choose timeframe for dominance indices. Adjust colors, position, size, and borders. Complete visual control for your trading style. Alert & Signal Settings Enable/disable crossover alerts. Optional visual signals on chart. Smart built-in filtering to reduce false signals. ---------------------------------------------------- 🎓 Best Practices ---------------------------------------------------- Trend Following: Use the TD line as your primary trend filter - trade with the color. Confirmation: Combine TD direction with RSI and MACD for higher probability setups. Strength Filter: Use ADX to avoid weak/choppy trends. Market Context: Check dominance indicators for broader market sentiment. Alerts: Set alerts to catch reversals without constant chart watching. ---------------------------------------------------- 🚀 What Makes This Indicator Special ? ---------------------------------------------------- ✅ All-in-One Solution: Multiple professional indicators in one clean package. ✅ Adaptive System: Responds to market conditions, not just static calculations. ✅ Professional Dashboard: Institutional-grade information display. ✅ Real-Time Data: Live updates from multiple markets and assets. ✅ Highly Customizable: Tailor every aspect to your trading style. ✅ Clean Code: Optimized Pine Script v6 for maximum performance. ✅ No Repainting: Uses (barstate.isconfirmed) to ensure calculations only occur on closed bars. ✅ Resource Efficient: Smooth performance even with all features enabled. ---------------------------------------------------- 🎯 Perfect For ---------------------------------------------------- Trend identification and following. Multi-timeframe analysis. Market sentiment tracking. Entry and exit timing. Portfolio management decisions. Risk assessment through trend strength. Correlation analysis across markets. ---------------------------------------------------- 📝 Notes ---------------------------------------------------- All calculations are performed on confirmed bars to prevent repainting. Dashboard updates in real-time as market conditions change. Dominance indices (DXY, BTC.D, USDT.D) require market data access. Best results achieved when combined with proper risk management. Suitable for all markets: stocks, forex, crypto, commodities, indices. ---------------------------------------------------- 💡 Pro Tips ---------------------------------------------------- Start with default settings and adjust based on your timeframe. Lower periods (5-10) for scalping, higher (20-50) for swing trading. Use the dashboard as a quick health check for your current positions. Combine TD line with support/resistance for confluence. Watch dominance indicators for early market regime changes. ---------------------------------------------------- ⚠️ Important Notes ---------------------------------------------------- This indicator is for educational and informational purposes only. Always confirm signals with your own analysis before trading. Use proper risk management and position sizing. The indicator works on all timeframes and instruments. Past performance does not guarantee future results. ---------------------------------------------------- 🔄 Updates & Support ---------------------------------------------------- Current Version: v1.1 This indicator is actively maintained and updated. Future versions may include additional features and improvements based on user feedback. ---------------------------------------------------- 🙏 Acknowledgments ---------------------------------------------------- Created & designed by: @mawhoobx 📝 Remember: The best indicator is the one combined with proper risk management, discipline, and a solid trading plan. This tool is designed to assist your analysis, not replace your judgment. Trade Smart. Trade Safe. Trade Profitable.
אינדיקטור Pine Script®
מאת ‎mawhoobx‎
QuantCrawler 5m ORB Pro - Opening Range with Confluence FiltersThis indicator captures the 5-minute Opening Range and generates entry signals using a breakout-then-retest methodology. It includes optional confluence filters to refine entries and reduce false signals. HOW IT WORKS 1. Captures the 5-minute Opening Range (high, low, midpoint) at your selected session open 2. Waits for price to break beyond OR high or low by your defined distance 3. After breakout, monitors for price to retest the OR midpoint 4. Signals LONG after bullish breakout + midpoint retest 5. Signals SHORT after bearish breakout + midpoint retest 6. Marks invalidated signals with (X) if price breaks through the opposite side PRE-CONFIGURED SESSIONS - NYSE - 9:30-9:35 ET - CME - 8:30-8:35 CT - London - 3:00-3:05 ET - Asia - 7:00-7:05 PM ET - Custom - Define your own session times and timezone BREAKOUT DISTANCE OPTIONS Choose between fixed points or percentage-based breakout threshold. Percentage mode automatically scales to the instrument price. CONFLUENCE FILTERS Optional filters to add confirmation before signals fire: - VWAP - Long requires price above VWAP, short requires below - EMA Slope - Confirms trend direction using 20-period EMA - Volume - Requires relative volume above 1.5x average - FVG - Requires a Fair Value Gap supporting trade direction - ATR - Filters Opening Ranges that are abnormally small or large relative to ATR When filters block a valid setup, the indicator displays a BLOCKED label so you can see what you missed and why. STATUS BOX Real-time display showing: - Current trade state (Building OR, Watching, Awaiting Retest, Long/Short Active) - OR High, Low, and Midpoint levels - Active filters and block reasons ALERTS Built-in alerts for Long Entry, Short Entry, or Any Entry.
אינדיקטור Pine Script®
מאת ‎QuantCrawler‎
QuantCrawler ORB Break & Retest 15m - Opening Range StrategyThis indicator automates the 15-minute Opening Range Breakout and Retest strategy. It captures the high, low, and midpoint of the first 15-minute candle, then monitors for confirmed breakouts followed by midpoint retests to generate entry signals. HOW IT WORKS 1. Captures the high, low, and midpoint of the first 15-minute candle (default 8:00-8:15 premarket) 2. Waits for price to close beyond the OR high or low by your specified breakout distance 3. After breakout confirmation, monitors for price to pull back and touch the midpoint 4. Signals LONG after bullish breakout + midpoint retest 5. Signals SHORT after bearish breakout + midpoint retest 6. Resets after each signal allowing multiple setups per session WHY 15-MINUTE ORB The 15-minute Opening Range captures more price action than a 5-minute OR, often providing stronger support/resistance levels. The 8:00 AM default captures premarket activity before the 9:30 open, giving you levels established before the crowd arrives. WHY BREAKOUT + RETEST Entering on the initial breakout often results in chop and false signals. This indicator requires confirmation - price must first prove direction by closing beyond the breakout distance, then offer a pullback entry at the midpoint. This filters out many failed breakouts. SETTINGS - Breakout Distance - Points beyond OR zone required to confirm breakout - Timezone - Select your market timezone - Opening Range Time - Customizable (default 8:00-8:15) - Session End Time - When to stop monitoring (default 4:00 PM) VISUAL OUTPUT - Green line - OR High - Red line - OR Low - Orange dotted line - OR Midpoint - Status box displays current state (Watching, Active, Closed) ALERTS Built-in alerts for Long Entry, Short Entry, or Any Entry. Works on any timeframe chart. The indicator pulls 15-minute data automatically using request.security().
אינדיקטור Pine Script®
מאת ‎QuantCrawler‎
3
Opening Power Bar Strategy (Trade Your Edge)💎 GENERAL OVERVIEW: The Opening Power Bar Strategy indicator identifies high-momentum “Power Bars” during the first 60 minutes of the New York session and generates Long/Short signals using levels from the pre-market session. The indicator plots Stop-Loss and three Take-Profit levels, manages dynamic trailing stop-loss logic (optional), displays pre-market levels, and supports alerts. This indicator was developed by Flux Charts in collaboration with Steven Adams (Trade Your Edge). 🔹What is the purpose of the Opening Power Bar Strategy?: The purpose of the Opening Power Bar Strategy is to trade the most active and meaningful part of the trading day, the opening move. It’s designed to take advantage of the volume and volatility that happens right after the market opens, when traders react to overnight news and pre-market movement. The indicator helps identify when that early move has real strength by looking for a large, decisive candle (a Power Bar) forming around key pre-market levels. Once it detects one, it builds a full trade plan automatically with entry, stop-loss, and take-profits. 🔹Why are signals only during the first 60 minutes?: Most of the day’s total trading volume happens within the first 60 minutes after the market opens. This period usually sets the high or low of the day and defines the bias: whether the market will trend or stay in a range. After this first hour, volume and volatility typically decrease, and price movement becomes less consistent. 🔹What’s the theory behind the Opening Power Bar Strategy?: The Opening Power Bar Strategy is built on a simple principle: the first hour after the market open sets the tone for the rest of the day. This period consistently shows the highest trading volume, as traders react to overnight news, economic data releases, pre-market movements, etc. These early reactions often establish the day’s high/low, revealing where buyers or sellers are strongest. When a large, decisive candle (a Power Bar) forms during this time near the pre-market high or low, it confirms that one side is taking control. The pre-market high and low define the range that institutions and short-term traders had already reacted to before the market open. Thus, when a Power Bar forms near one of these levels during the first hour, it often marks the start of a breakout or rejection that shapes the rest of the session. 🎯 OPENING POWER BAR STRATEGY FEATURES: The Opening Power Bar Strategy indicator includes 5 main features: Power Bars Pre-Market High / Low / Mid Levels Long / Short Signals + Risk Management Simple Moving Average (SMA) Alerts 1️⃣ Power Bars: 🔹What are Power Bars?: Power Bars are large, high-momentum candles that show strength in one direction of the market. They form when a candle’s body (the distance between open and close) dominates most of the candle’s total range (the distance between high and low), meaning price moved strongly in one direction with little to no pullback. To qualify, the candle must also be large relative to nearby candles. This size difference confirms that the candle is a true burst of momentum. In short, Power Bars reveal where real strength has just entered the market and where momentum is most likely to continue. 🔹How to interpret and use Power Bars: When a Power Bar forms, it signals that price just made a strong directional move with little to no pullback. Traders can use these bars to identify momentum shifts and potential trade setups during the opening session. A bullish Power Bar means buyers controlled the entire candle, often marking the start of upward momentum. A bearish Power Bar means sellers were in control the entire candle, often signaling the start of downwards momentum. In the Opening Power Bar Strategy, these candles are only used for signals when they appear within the pre-market high and low range. Their location relative to the pre-market midline determines direction bias: Bullish Power Bars forming near the pre-market low can signal potential long opportunities. Bearish Power Bars forming near the pre-market high can signal potential short opportunities. 🔹How are Power Bars identified?: Power Bars are detected and confirmed only after the candle closes, ensuring that the full candlestick body and range can be measured. The indicator does not repaint or change past bars. Once a Power Bar is confirmed, it stays fixed on the chart. Power Bars can be detected on any timeframe or symbol that produces standard candlestick data. However, since the Opening Power Bar Strategy focuses on the first 60 minutes of the trading session, they’re most meaningful on lower intraday timeframes such as 1-minute to 5-minute charts. The indicator identifies Power Bars using two user-defined inputs: Sensitivity and Body %. 🔹Sensitivity: The Sensitivity setting determines how large a candle’s body must be relative to nearby candles. It uses the Average True Range (ATR) to compare the current candle’s size with recent candles, and the Sensitivity value acts as a multiplier of that ATR. A higher Sensitivity value means the candle must be much larger than recent candles to qualify, so fewer Power Bars will form. A lower value makes the filter less strict, allowing more candles to qualify. 🔹Body %: The Body % setting controls what percentage of the candle’s total range must be body rather than Wick. A higher value requires the body to take up more of the candle’s total range, so fewer candles pass the filter. A lower value allows candles with more wick to qualify, so more Power Bars will form. Body % Example: If Body % is set to 50, the candle body must cover at least half of the candle’s total range. For example, if a candle’s high is $11, its low is $10, its open is $10.20, and its close is $10.80, then the total range is $1 ($11 - $10) and the body is $0.60 ($10.80 - $10.20). Body % = (Body / Total Range) * 100 = (0.60 ÷ 1.00 × 100) = 60%. Since 60% is greater than the input of 50%, this candle passes the Body % criteria. Once a candlestick closes and it meets both the Sensitivity and Body % requirements, it will be plotted in a different color, using barcolor() function. Users can adjust the bullish/bearish colors of Power Bars by adjusting the ‘Candle Coloring’ setting. The Power Bar candle coloring is purely visual and does not affect signal logic or strategy calculations. 🔹Do Power Bars form outside the first 60 minutes?: Power Bars can technically form at any time of day, but the Opening Power Bar Strategy only uses those formed between 9:30 AM and 10:30 AM ET for trade signals. 2️⃣ Pre-Market Levels The indicator tracks pre-market price action from 4:10 AM EST until 9:29 AM EST to determine the session’s High and Low. When pre-market ends, both levels are drawn and continuously projected to the right throughout the regular session. A midline is calculated as the midpoint between those levels and is used to determine bullish or bearish bias at the open. This midline is calculated in the indicator’s background and not visually plotted. Long signals require price to be positioned below the midline before breaking upward, and Short signals require price to be positioned above the midline before breaking downward. Users can enable retest labels, which appear if price touches the pre-market low, and closes above it, or if price touches the pre-market high, and closes below it. Users can also enable/disable the pre-market levels. If disabled, the pre-market high and pre-market low levels will not be displayed. 3️⃣Long/Short Signals: Long and Short signals only trigger during the first hour of the New York trading session, between 9:30 AM and 10:30 AM EST. These signals form between the Pre-Market Low (PML) and Pre-Market High (PMH). ▫️ A Long entry requires: 1) A bullish power bar forms 1.a) The candle’s low is < the 50% area or Midpoint of the PML/PMH range 1.b) The candle closes above the PML, but below the PMH 2) If this candle occurs between 09:30 AM and 10:30 AM, a long signal will appear. ▫️ A Short Entry requires: 1) A bearish power bar forms 1a) The candle’s high is > the 50% area or Midpoint of the PML/PMH range 1b) The candle closes below the PMH, but above the PML 2) If this candle occurs between 09:30 AM and 10:30 AM, a short signal will appear. Only one trade can be active at a time. Users can enable or disable Long Signals and Short Signals independently. Entry markers appear directly on the chart at confirmation. When a signal is plotted on the Power Bar’s candle close, the indicator automatically builds a rule-based trade structure and plots the following information: Stop-Loss (SL) Take-Profit 1 (TP 1) Take-Profit 2 (TP 2) Take-Profit 3 (TP 3) For Long signals, the SL is placed at the low of the bullish Power Bar and TP 1 is placed at the PMH. The distances for TP 2 and TP 3 are then measured using the move from the entry price to TP 1. That same distance is added once above TP 1 to set TP 2, and added again above TP 2 to set TP 3. For Short signals, the SL is placed at the high of the bearish Power Bar, and TP 1 is placed at the PML. The distances for TP 2 and TP 3 are then measured using the absolute value of the move from the entry price to TP 1. That same distance is subtracted once below TP 1 to set TP 2, and subtracted again below TP 2 to set TP 3. 🔹Trailing Stop-Loss Feature: When the Trailing Stop-Loss setting is enabled, the Stop-Loss (SL) automatically adjusts as price reaches take-profit levels. This feature helps secure profits while keeping the trade logic completely rule-based and non-discretionary. Here’s exactly how it works step-by-step: ▫️ Initial Stop-Loss placement: For a Long trade, the initial SL is set at the low of the Power Bar that triggered the entry. For a Short trade, the initial SL is set at the high of the Power Bar that triggered the entry. This level stays fixed until one of the Take-Profit targets is reached. ▫️ After TP 1 is hit: The SL automatically moves to the entry price (breakeven). This eliminates all downside risk on the trade. ▫️ After TP2 is hit: The SL automatically moves to TP 1 This locks in a partial profit while allowing the trade to continue toward TP 3. ▫️ Final exit condition: The trade is considered complete once either the trailing Stop-Loss or TP 3 is reached. 4️⃣Simple Moving Average (SMA) In addition to the core trade logic, the indicator includes an optional Simple Moving Average (SMA) that provides extra confirmation and context for interpreting Power Bar signals. The SMA is not related to any of the signal generation logic. It does not influence when or where Power Bars or trade signals appear. Instead, it serves as a contextual confirmation tool and should be used as an additional way to interpret the strength and quality of a setup once a signal is triggered. There are a few ways the SMA can be used for extra context with the Opening Power Bar Strategy: ▫️ #1 Directional Confirmation: The SMA is mainly used as a confirmation tool for countertrend Power Bar setups. It helps traders identify when a strong reversal may be developing against the prior trend. When the SMA is sloping downward but a bullish Power Bar closes above it, that can signal a potential shift from bearish to bullish momentum. When the SMA is sloping upward but a bearish Power Bar closes below it, that can indicate a possible transition from bullish to bearish conditions. ▫️ #2 Timing Entries When a large Power Bar prints a signal far away from the SMA, it often indicates that price has moved quickly and temporarily extended away from its average level. In these cases, the SMA can be used as a pullback area where price may retrace before resuming its move. Waiting for this pullback can often lead to a better risk-to-reward trade setup. For example, in the chart below, a strong bullish Power Bar formed and triggered a Long signal while closing well above the SMA. Entering immediately after the signal would have produced a 0.22 risk-to-reward to TP 1. However, waiting for price to retrace back toward the SMA before entering would have resulted in a much stronger 2.46 risk-to-reward ratio. The SMA provides a simple way to identify areas for safer pullback entries when a Power Bar signal forms too far from its average level. This helps traders maintain consistency with their risk-to-reward targets and align entries with their trading plan. ▫️ #3 Risk/Trade Management: During active trades, the SMA can also be used to gauge the healthiness of a trend. If price continues to respect the SMA after entry, it supports holding the position toward later Take-Profit levels. Additionally, the SMA can highlight areas where traders may consider adding to existing positions if price respects it. If price closes strongly back through the SMA in the opposite direction, traders may use that as an early exit or a signal that momentum has shifted. ▫️ Optional and Visual Only: The SMA is an optional visual overlay that can be turned on or off in the indicator’s settings. It is purely there for traders who want an added layer of confirmation and structure when evaluating setups from the Opening Power Bar Strategy. Users can customize the length of the SMA and the color within the settings. 📢 Alerts: The indicator supports alerts, so you never miss a key market move. You can choose to receive alerts for each of the following conditions: Long Signal Short Signal TP 1 (Take-Profit 1) TP 2 (Take-Profit 2) TP 3 (Take-Profit 3) SL (Stop-Loss) Pre-Market Low Retest Pre-Market High Retest 🚩UNIQUENESS: This indicator automates a structured opening-range strategy that traders typically manage manually each morning. It identifies valid Power Bars only when they occur inside the pre-market high/low range, confirms direction using pre-market midline context, and automatically builds risk targets using the pre-market range itself. Once a valid trigger occurs during the defined trade window, the indicator immediately generates a complete trade idea (entry/SL/TP 1-3) with built-in trailing logic and alerts.
אינדיקטור Pine Script®
מאת ‎fluxchart‎
4
RSI Monitor (High/Low) + MTF & Time FilterDual-Source RSI: Calculates RSI on the candle High (to detect selling pressure/overbought) and Candle Low (to detect buying pressure/oversold) rather than just the Close. Multi-Timeframe (MTF) Dashboard: An on-screen table displays the Real-Time RSI High and Low values for your current chart plus two user-defined higher timeframes (e.g., 1H, 4H). Session-Based Alerts: A built-in time filter restricts alerts to a specific trading window (e.g., 09:30–16:00), effectively blocking signals during low-volume overnight sessions. Independent Alert Timeframe: You can configure alerts to monitor a specific timeframe (e.g., 60-min) regardless of the timeframe you are currently viewing. Real-Time Execution: Alerts trigger immediately when levels are crossed (no bar-close confirmation required), ensuring you catch moves as they happen.
אינדיקטור Pine Script®
מאת ‎toxfx‎
Statistical Deviation per AssetINDICATOR: STATISTICAL DEVIATION PER ASSET (SDPA) 1. Overview The Statistical Deviation per Asset (SDPA) is a quantitative analysis tool designed to measure the strength and exhaustion of price movements. Unlike standard oscillators (like RSI ), the SDPA calculates the actual percentage deviation from the most recent pivot point (High or Low) and compares it against historical performance averages specific to each asset. --- 2. Core Logic & Calculation The script operates on a Mean Reversion principle. It assumes that every asset (Gold, Bitcoin, Ethereum, etc.) has a unique "volatility signature" depending on the timeframe. * Dynamic Pivot Detection : The indicator identifies recent Swing Highs and Swing Lows using an adaptive lookback period. * Real-Time Return Calculation : Once a pivot is confirmed, the script calculates the real-time percentage gain (from a Low) or loss (from a High). * Zero-Indexed Histogram : This return is plotted as an oscillator centered around a Zero Line , representing the current trend's progress since the last reversal. --- 3. Adaptive Intelligence (Multi-Asset & Multi-TF) The SDPA is pre-loaded with a statistical database. It automatically adjusts its sensitivity and thresholds based on: 1. The Selected Asset : Whether trading XAUUSD , Bitcoin , or Solana , the deviation thresholds adapt to the specific volatility of that instrument. 2. The Timeframe (TF) : The calculation period ( period ) and performance targets ( hausse_perf / baisse_perf ) change dynamically. For example, a 1-minute scalping setup uses a longer lookback (200) compared to a Daily swing setup (10). --- 4. Visual Anatomy The interface is designed for instant "at-a-glance" interpretation: * The Histogram : * Green : Price is trending up since the last Swing Low . * Red : Price is trending down since the last Swing High . * Threshold Lines (The Statistical Averages) : * Thick Line (60% Opacity) : Represents the Average Historical Deviation . When the histogram hits this line, the move is considered "statistically mature." * Thin Line (70% Opacity) : Represents the Strong Deviation Zone (1.5x the average), indicating extreme momentum or potential exhaustion. * Background Highlighting : The chart background colors automatically when the price exceeds historical averages, signaling a High-Probability Reversal Zone . --- 5. How to Trade with SDPA * Trend Maturity : If the histogram exceeds the Bullish Average (Green line), the current move has reached its typical historical limit. Traders should look for take-profit opportunities or wait for a reversal. * Impulse Strength : A rapid move from the Zero Line toward the thresholds confirms strong institutional interest. * Mean Reversion : When the histogram reaches the Strong Zone (1.5x), the price is "overextended" statistically, offering a high reward-to-risk ratio for counter-trend setups. --- 6. Technical Parameters * Asset Choice : Dropdown menu to select the specific asset. * Colors : Customizable Bullish and Bearish colors to match any UI theme. * Precision : Set to 4 decimal places to ensure accuracy across all asset types.
אינדיקטור Pine Script®
מאת ‎AlchimistOfCrypto‎
Blaster FX ICTBlaster FX ICT A professional ICT (Inner Circle Trader) based indicator designed to highlight institutional timing, key trading sessions, and the first Fair Value Gap during the New York session. Features: Kill Zones (New York Time): Asia Kill Zone (20:00 – 00:00) London Kill Zone (02:00 – 05:00) New York Kill Zone (08:30 – 11:00) Zones reset daily based on the ICT trading day (6:00 PM NY) Key Levels: Previous Day High (PDH) Previous Day Low (PDL) Important Opens: 8:30 AM New York Open 00:00 Midnight Open Fair Value Gap (FVG): Plots only the first FVG formed during the New York session after 9:30 Clear distinction between bullish and bearish FVGs Purpose: Improve entry timing during the New York session Focus on the first institutional opportunity of the day Reduce chart clutter and enhance price clarity Disclaimer: This indicator is for educational and analytical purposes only and does not constitute financial advice.
אינדיקטור Pine Script®
מאת ‎Blaster_FX‎
SMC Structure & Expectation [WavesUnchained]SMC Structure & Expectation - Professional Context & Confirmation Tool A sophisticated Smart Money Concepts indicator that combines objective market structure analysis with intelligent expectation logic and professional order block validation. Built for traders who value context over signal spam. 4-LAYER ARCHITECTURE Layer 1: Market Structure ✓ Objective HH/HL/LH/LL detection based on confirmed pivot swings ✓ Internal structure tracking (micro swings within major legs) ✓ Structure alignment detection (Internal + External agreement) ✓ No predictions - pure price action description Layer 2: Expectation/Bias ✓ Logical hypotheses derived from current structure ✓ "Expect HL" in bullish structure / "Expect LH" in bearish structure ✓ "Expect Continuation" after BOS events ✓ Expectation ≠ Signal (can be wrong, that's the point) Layer 3: Confirmation (BOS + Order Blocks) ✓ Break of Structure (BOS) detection with 2 modes: • Conservative: Close-cross (default) • Aggressive: High/Low-cross with optional close confirmation ✓ Professional Order Block System with 8 intelligent filters ✓ Only creates OBs when expectation is met ✓ Maximum 1 OB per direction (quality over quantity) Layer 4: Optional Warnings ✓ Trendline break detection ✓ Early Top/Bottom warnings (volume + volatility divergence) ✓ Can be disabled for clean chart focus PROFESSIONAL ORDER BLOCK SYSTEM 8 Quality Filters (Cascade Logic): 1. BOS-Only Guard : No OB without confirmed Break of Structure 2. Displacement Filter : Minimum 1.0 ATR momentum (customizable) 3. Location Filter : Must be in Premium (bearish) or Discount (bullish) zone 4. Size Filter : 3 modes available: • Hard Limit: Reject oversized OBs (strict) • Score Penalty: Allow but reduce priority (balanced, default) • Disabled: No size filtering (permissive) 5. Volume Filter : Optional relative volume threshold 6. FVG Filter : Optional Fair Value Gap requirement 7. Mitigation Tracking : 30% penetration = mitigated (score penalty) 8. TTL (Time-To-Live) : Auto-delete after 80 bars (prevents chart clutter) Priority Scoring System (0-100): • HIGH Priority (>80) : Bright colors, zero transparency • MED Priority (50-80) : Normal colors, 30% transparency • LOW Priority (<50) : Faded colors, 60% transparency Score Components: ✓ Displacement strength (10-30 points) ✓ FVG confluence (+20 points) ✓ Relative volume (+5-15 points) ✓ Premium/Discount location (+10-20 points) ✓ Structure alignment (+30 points if aligned, -15 if conflict) ✓ Leg strength (+15-25 points for strong impulse vs correction ratio) ✓ Size penalty (-0 to -30 points if oversized, Score Penalty mode only) BAR COLORING MODES Choose your preferred visual feedback: 1. Off : No bar coloring 2. Structure : Bullish/Bearish/Neutral structure states 3. Expectation : Continuation zones (green = expect bullish, red = expect bearish) 4. BOS + OB Priority (Default): • Highlights active Order Blocks by priority • BOS events in bright neon • Faded structure colors when no OB active 5. Multi-Layer : Combines structure + priority intensity 6. Alignment : Shows Internal/External structure alignment (orange = conflict warning) INTELLIGENT LOGGING SYSTEM Priority-based log filtering to reduce noise: • All : Every event (debug mode) • MED+ : Only medium and high priority events • HIGH Only : Only high priority setups • Smart (Default): Adaptive filtering based on priority + context Logs include: ✓ Structure changes (HH/HL/LH/LL) ✓ Expectation updates ✓ BOS events with confirmation status ✓ OB creation with full scoring breakdown ✓ OB reactions (Tap/Deep/Failure classification) ✓ Rejection reasons with "Potential Lost" analysis CONFIGURATION HIGHLIGHTS Layer 1: Structure • Pivot detection length: 5 (left) / 5 (right) • Internal structure: Optional micro-swing tracking • Swing confirmation: Closes beyond pivot required Layer 2: Expectation • Expectation expiry: 40 bars (auto-reset after timeout) • Visual feedback: Labels + optional expectation zones Layer 3: Confirmation • BOS Mode: Close-cross (conservative) / High/Low-cross (aggressive) • Close Confirmation: Optional 3-bar window for aggro mode • Displacement: Min 1.0 ATR (customizable) • Size Filter Mode: Hard Limit / Score Penalty / Disabled • OB Location: 38% discount / 62% premium thresholds • OB Size Range: 0.3-1.2 ATR (customizable) • TTL: 80 bars default • Volume Filter: Optional, 1.0x minimum • FVG Requirement: Optional Layer 4: Warnings • Trendline break detection • Early Top/Bottom signals • Can be fully disabled BEST USE CASES ✓ Context Tool : Understand where you are in the market cycle ✓ Confirmation Filter : Validate trade ideas with structure alignment ✓ Order Block Trading : High-probability zones with priority scoring ✓ Educational : Learn SMC concepts with transparent logic ✓ Multi-Timeframe Analysis : Combine with HTF structure for confluence Optimized for: • Commodities (NatGas, Gold, Oil) • 1H - 4H timeframes • Swing trading / Intraday positioning KEY FEATURES SUMMARY ✓ Zero signal spam - only high-conviction setups ✓ Transparent scoring system - know why each OB matters ✓ Adaptive to market conditions - structure alignment detection ✓ Flexible filtering - customize to your risk tolerance ✓ Priority-based visuals - instantly identify best opportunities ✓ Professional logging - learn from rejections and acceptances ✓ Clean chart - auto-cleanup with TTL system ✓ Bar coloring modes - choose your visual feedback style ✓ Size Filter Mode - prevent blocking of high-quality oversized setups PHILOSOPHY This indicator follows the principle: "Context over signals, quality over quantity" Expectations can be wrong - that's the point. They help you stay aware of the most likely scenario while remaining open to structure changes. When expectation is met AND confirmed by BOS + quality OB, you get a high-conviction setup. Not a holy grail. Not a signal service. A professional analysis tool. Version: 1.0.0 Author: WavesUnchained Pine Script: v6
אינדיקטור Pine Script®
מאת ‎WavesUnchained‎
Fair Value Gap [Tradeuminati]Fair Value Gap Fair Value Gap is a clean and rule-based Fair Value Gap indicator for TradingView, designed to display only valid and confirmed Fair Value Gaps (FVGs) and Inverted Fair Value Gaps (iFVGs). The indicator is built on a strict 3-candle FVG definition and operates exclusively on candle close, ensuring no repainting and no premature signals. 🔹 Key Features Valid Fair Value Gaps (FVG) - Detects bullish and bearish Fair Value Gaps using a precise 3-candle structure - FVGs are only plotted after the confirming candle has closed - A Fair Value Gap remains visible only as long as it is valid - Once price closes beyond the FVG, it is removed or converted Inverted Fair Value Gaps (iFVG) - When a valid FVG is invalidated by a candle close, it can be converted into an iFVG - iFVGs retain the original price range and structure - Only valid iFVGs are displayed - As soon as price closes through an iFVG, it is automatically removed Clean & Controlled Visualization - Only the last N active FVGs are displayed (bullish + bearish combined) - Only the last N valid iFVGs are shown - Boxes automatically extend to the current price + configurable bars - Labels are dynamically positioned at the right edge of each zone 🔹 Technical Notes - No repainting - No intrabar signals - Close-based validation only - Works on all markets and timeframes - Lightweight and performance-friendly ⚠️ Disclaimer This indicator is for technical analysis purposes only and does not constitute trading or investment advice.
אינדיקטור Pine Script®
מאת ‎DonauTrading‎
Look Back Calculator Custom Lookbacks with Individual Colors (Accurate on All Timeframes) A clean, monochrome-grey indicator that displays historical closing price levels from user-defined lookback periods. Key Features: • 4 Custom Hourly Levels (e.g., 1.5h, 3h, 6h, 9h or any value you choose) – fully accurate on 15-minute and lower timeframes • 4 Custom Daily Levels (e.g., 20d, 40d, 60d, 90d or any number of days) • Independent toggle for each level • Individual color selection for every vertical line • Table column backgrounds match the selected vertical line colors • Optional candle highlighting (background/border/both) at lookback bars • Dashed vertical lines at lookback points (toggleable) • Current price row with automatic spanning • Time row shown only for daily levels (cleaner layout for intraday) • Alerts on price crossing any enabled level (with dynamic messages) • Compact mode for shorter labels Perfect for support/resistance analysis, order flow, or ICT/SMC concepts. Works seamlessly on any timeframe, including 15min charts.
אינדיקטור Pine Script®
מאת ‎ChristianTav24‎
Chartmojo Candle Lines ProjectorThis script uses the previous and current candles wicks and top and bottom of candle bodies to project direction at any given moment. It connects upper and lower wicks and candle bodies and projects forward as well. I think of the upper wicks as sells/resistance and the lower ones as buys/support. Same with the candle bodies. I personally use it to scalp and wait for say resistance on a chart, then rather than just selling the level I will short when all the lines turn down/red. it It's just part of a system with other correlation and indicators etc. For me it's easier than looking at the candles for these signals. it's direct graphic direction projection. Use at your own risk of course. It's meant to be used within and complement a broader system
אינדיקטור Pine Script®
מאת ‎chartmojo‎
1