Swing Breaker Strategy - Support and Resistance Breakouts This strategy has no repainting. Default settings: Swing Barsback: 10 Number of Swings: 3 Stoploss Candles Lookback: 5 Why these default settings? This strategy has been backtested with over 100 trades, and on a larger scale of 1000 trades, it has reported a 1.33 profit factor with a maximum 5%...
The Daily Range Support & Resistance Levels is an advanced analytical tool designed to assess daily price movements and provide potential support and resistance levels. This tool examines the average daily price fluctuations over the past 150 trading days, and creates support and resistance levels based on the opening price. The indicator also considers a...
Why I develop this indicator? In future indices, post market data with little volume distort the moving average seriously. This indicator is to eliminate the distortion of data during low volume post market hours. How to use? There is a time session setting in the indicator, you can set the cash hour time, moving average outside the session will be...
The Price Action Box Retracements Indicator offers a fresh perspective on price analysis, departing from the conventional fixed-length lookback period commonly used in trading indicators. This indicator embraces a more flexible and adaptable approach, taking into account changes in price action behavior and avoiding overfitting. With a design philosophy rooted in...
Hello guys This script follows traditional technical indicators MACD, ADX, RSI and pivot points If the price is above the resistance and the MACD has crossover ,and the RSI 14 is above 50 ADX is higher than 20, and DI+ is higher than DI-. This is a buy signal and vice versa for a sell signal The script moves the stop loss to the entry price after the first target...
This indicator is used to identify the trend through the background color and by using the MACD indicator information and summarizing the moving average information and identifying the trend through the integration of information and then warning the fall and growth of the price of Bitcoin relative to the successful entry into any transaction by the trader. it...
▋ INTRODUCTION : A “Fibonacci Levels on Any Indicator” can be applied to any indicator to draw Fibonacci levels based on provided conditions of two price points to produce a sequence of horizontal line levels starting from 0% to 100% in addition to extension levels. The 0% level is measured as the start of retracement, while the 100% level is the beginning of the...
This Indicator Identifies and draws the support and resistance Zones On the Chart 🔶Overview The support and resistance indicator is a technical indicator that will plot the support zone and resistance zone on the candlestick chart. It determines the price touches to find the strong support resistance zones. The support and resistance indicator is the most...
OVERVIEW This indicator automatically identifies and draws recent high-probability support and resistance levels (recent key levels). Specifically, yesterdays highs / lows, premarket highs / lows, as well as yesterdays end of day Volume Weighted Average Price and trader specified Moving Average. This is most useful on charts with intraday time frames (1 minute,...
Using "Price Action - Support & Resistance by DGT" and the MACD (Moving Average Convergence Divergence) indicator in TradingView can help develop a trade strategy. Here's a step-by-step approach you can follow: 1. Identifying Support and Resistance Levels: Apply the "Price Action - Support & Resistance by DGT" indicator to your chart. This indicator helps you...
Introducing the "Golden Zone" indicator, a powerful tool that simplifies the Fibonacci indicator by creating a clear Golden Zone to identify potential future price movements. The Golden Zone is a supply or demand zone that corresponds to the 61.8% and 50% Fibonacci retracement levels. These levels are important because they often mark zones where the price reacts,...
This pine script is provide recent support and resistance. Script will use ema8, ema21, sma50 and sma200 to generate the support and resistance line. Inspired from Patrick Walker style of trading. This is my personal logic i build studying the charts. There is 3 types of resistance generated by this script. 1) top resistance 1 when ema8 > ema21 and low > ema8...
This indicator displays New Week/Day Opening Gaps alongside Event Horizon PD Arrays which were conceptualized by a trader, ICT. 🔶 SETTINGS Show: Determines if new week opening gaps (NWOG) or new day opening gaps (NDOG) are shown. Amount: Controls the amount of most recent NWOGs/NDOGs to display on the chart. Show EHPDA: Displays Event Horizons PD arrays. ...
A “ Fibonacci Levels Based on Supertrend ” indicator is supertrend indicator planned with Fibonacci retracements levels. Fibonacci retracements provides a sequence of levels starting from 0% to 100% in addition to extension levels. 0% is measured to be the initial Supertrend line, and 100% is the previous Supertrend line where it has been broken by candle. This...
Hello there! I would like to share my script. This is S/R levels indicator based on custom range for each step used for computing minimum/maximum of the range. For example - we predefined step with 50 candles as one, after we have got the minimum and maximum of it - we come to the next 50 candles and do the same to it. Finaly - we have got 20 lines for 10...
When the market is trending, the momentum is strong, the price often moves quickly in one direction. In the higher time frame, we see that the closing price of the candlestick is often far away from the previous candlesticks. When the market is sideways, the momentum is weak, and prices often move slowly around an area. In the higher time frame, we see that...
Shows basic pivot point of support and resistance levels. Will show alerts for break of sup. or res. Allows for a volume filter for sup. res. breaks as well. "B" means break of either a Sup. or Res. level with volume greater than the threshold. "Bull/Bear Wick" means bullish/bearish candle on break. Left - number of bars left hand side of the pivot . Right...
what is "Support and Resistance"? it is a support and resistance indicator. what it does? it draw support and resistance zones on the chart. how it does it? It determines the zones where the price leaves with a big candle after going horizontal for a while as support or resistance zones according to the price movement direction. while doing this, it compares the...