Opening Range & Daily and Weekly PivotsThis script is for a combination of two indicators: an Opening Range Breakout (ORB) indicator and a daily/weekly high/low pivot indicator. The ORB indicator displays the opening range (the high and low of the first X minutes of the trading day, where X is a user-defined parameter) as two lines on the chart. If the price closes above the ORB high, the script triggers an alert with the message "Price has broken above the opening range." Similarly, if the price closes below the ORB low, the script triggers an alert with the message "Price has broken below the opening range."
The daily/weekly high/low pivot indicator plots the previous day's high and low as well as the previous week's high and low. If the current price closes above yesterday's high or last week's high, the script triggers an alert with the messages "We are now trading higher than the previous daily high" and "We are now trading higher than the last week high", respectively. If the current price closes below yesterday's low or last week's low, the script triggers an alert with the messages "We are now trading lower than the previous daily low" and "We are now trading lower than the last week low", respectively.
In addition to the visual representation on the chart, the script also triggers alerts when the price crosses any of these levels. These alerts are intended to help traders make decisions about entering or exiting trades based on the price action relative to key levels of support and resistance.
חפש סקריפטים עבור "break"
Sup/Res Levels [QuantVue]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 - number of bars right hand side of the pivot .
Volume Thres. - the threshold value (%) for the Volume.
This indicator is useful to filter our insignificant breaks of sup. or res. Can help trader determine when to sit on their hands, or enter a trade.
Strategy: Range BreakoutWhat?
In the price action, levels have a significant role to play. Based on the price moving above/below the levels - the underlying instrument shows some price-action in the direction of breakout/breakdown.
There are plenty of ways level can be determined. Levels are the decision point to take a trade or not. But if we make the level derivation complex, then the execution may get hamper.
This strategy script, developed in PineScript v5, is our attempt at solving this problem at the core by providing this simple, yet elegant solution to this problem.
It's essentially an attempt to Trade Simple by drawing logical (horizontal) lines in the chart and take actions, after multiple associated parameters confirmation, on the breakout / breakdown of the levels.
How?
Let us explain how we are drawing the levels.
We are depending on some of the parameters as described below:
Open Range : During intraday movement, often if prices move beyond a particular level, it exibits more movement in the same swing in same direction. We found out, through our back testing for Indian Indices like NSE:NIFTY , NSE:BANKNIFTY or NSE:CNXFINANCE the first 15m (i.e 09:15 AM to 09:30 AM, IST) is one of such range. For Indian stocks, it is 9:15 to 9:45. And for MCX MCX:CRUDEOIL1! it's 5:00 pm to 6:00 pm. There are our first levels.
PDHCL : Previous Day High, Close, Low. This is our next level
VWAP : The rolling VWAP (volume weighted average price)
In the breakout/breakdown of the Open Range and Previous Day High/Low, we are taking the trade decisions as follows using CEST principle:
C onditions :
If current bar's (say you are in 5m timeframe) closing is broken out the Open Range High or Previous Day High, taken a Buy/Long decision (let's say buying a Call Option CE or selling a Put Option PE or buying the future or cash).
If current bar's (say you are in 5m timeframe) closing is broken down the Open Range Low or Previous Day Low, taken a Sell/Short decision (let's say buying a Put Option CE or selling a Call Option PE or selling the future or cash).
Additionally, and optionally (default ON, one can turn off): we are checking various other associated multiple confirmations as follows:
1. Momentum : Checking 14-period RSI value is more than 50 or less than 50 (all parameters like period, OB, OS ranges are configurable through settings)
2. Current bar's volume is more than the last 20 bars volume average. How much more - that multiplier is also configurable. (default is 1)
3. The breakout candle is bullish (green) or bearish (red).
E ntry :
All of these happens only on the closing of the candle . Means: Non Repainting! .
Clearly in the chart we are showing as green up arrow BO (breakout for buy) and red down arrow BD (breakdown for sell) to take your decision process smooth.
So, on the closing of the decision BO/BD candle we are entering the trade (with a thumping heart and nail biting ...)
S top Loss :
We are relying on the time tasted (last 40 years) mechanism of Average True Range (ATR) of default 14 period. This default period is also configurable.
So for Long trades: the 14 period ATR low band is the SL.
For Short trades: the 14 period ATR high band is the SL.
T arget :
We are depending on the thump rule of 1:2 Risk Reward. It's simple and effective. No fancy thing. We are closing the trade on double the favorable price movement compared to the SL placed. Of course, this RR ratio is confiurable from the settings, as usual.
What's Unqiue in it?
The utter simplicity of this trading mechanism. No fancy things like complex chart pattern, OI data, multiple candlestick patterns, Order flow analysis etc.
Simple level determination,
Marking clearly in the chart.
Making each parameter configurable in Settings and showing tooltip adjacent to the parameter to make you understand it better for your customization,
Wait for the candle close, thus eliminating the chances of repainting menace (as much as possible)
Additional momentum and volume check to trade entry confirmation.
Works with normal candlestick (nothing special ones like HA ...)
Showing everything as a Summary Table (which, again can be turned off optionally) overlaying at the bottom-right corner of the chart,
Optionally the Summary Table can be configured to alert you back (say you get it notified in your email or SMS).
That way, a single, simple, effective trade setup will ease your journey as smooth sail as possible.
Mentions
There are plenty of friends from whom time to time we borrowed some of the ideas while working closely together over last one year.
From tradingview community, we took the spirit of @zzzcrypto123 awesome work done long back (in 2020) as the indicator "ORB - Opening Range Breakout". (We tried to reach him for his explicit consent, unable to catch hold of him).
Some other publicly available materials we have consulted to get the additional checks (like RSI, volume).
Lat word
Use it please and thank you for your constant patronage in following us in this awesome platform. Let's keep growing together.
Disclaimer :
This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time.
We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
SBS AlgoHello traders, I am here again with a new and improved indicator.
This indicator is based on a pivot breakout algorithm which gives buy and sell signals according to the breakout of trendline. This is an advanced version of another script. It also takes price action into consideration along with some basic indicators like MACD and ADX to give good entry signals.
NOTE: This indicator is not designed to take entries completely based on signals it gives. Please use it along with your trading strategy to add more confluence to your trading system and maximize your profits.
I hope you guys will like this one too .Enjoy 👍
In case you find any bug, please do report in comment section .Thank you.
Rob Booker - ADX Breakout updated to pinescript V5Rob Booker - ADX Breakout. The strategy remains unchanged but the code has been updated to pinescript V5. This enables compatibility with all new Tradingview features. Additonally, indicators have been made more easily visible, default cash settings as well as input descriptions have been added.
Rob Booker - ADX Breakout: (Directly taken from the official Tradingview V1 version of the script)
Definition
Rob Booker’s Average Directional Index (ADX) Breakout is a trend strength indicator that affirms the belief that trading in the direction of a trend and continuing to follow its pull is more profitable for traders, while simultaneously reducing risk.
History
ADX was traditionally used and developed to determine a price’s trend strength. It is commonly known as a tool from the arsenal of Rob Booker, experienced entrepreneur and currency trader.
Calculations
Calculations for the ADX Breakout indicator are based on a moving average of price range expansion over a specific period of time. By default, the setting rests at 14 bars, this however is not mandatory, as other periods are routinely used for analysis as well.
Takeaways
The ADX line is used to measure and determine the strength of a trend, and so the direction of this line and its interpretation are crucial in a trader’s analysis. As the ADX line rises, a trend increases in strength and price moves in the trend’s direction. Similarly, if the ADX line is falling, a trend decreases in strength and price then enters a period of consolidation, or retracement.
Traditionally, the ADX is plotted on the chart as a single line that consists of values that range from 0-100. The line is non-directional, meaning that it always measures trend strength regardless of the position of a price’s trend (up or down). Essentially, ADX quantifies trend strength by presenting in both uptrends and downtrends of the line.
What to look for
The values associated with the ADX line help traders determine the most profitable trades and where risk lies in the current trend. It is important to know how to quantify trend strength and distinguish between the varying values in order to understand the differences in trending vs. non-trending conditions. Let’s take a look at ADX values and what they mean for trend strength.
ADX Value:
0-25: Signifies an absent of weak trend
25-50: Signifies a strong trend
50-75: Signifies a very strong trend
75-100: Signifies an extremely strong trend
To delve into this a bit further, let’s assess the meaning of ADX if it is valued below 25. If the ADX line remains below 25 for more than 30 or so bars, price then enters range conditions, making price patterns more distinguishable and visible to traders. Price will move up and down between resistance and support in order to determine selling and buying interest and may then eventually break out into a trend or pattern.
The way in which ADX peaks, ebs, and flows is also a signifier of its overall pattern and trend momentum. The line can clearly indicate to the trader when trend strength is strong versus when it is weak. When ADX peaks are pictured as higher, it points towards an increase in trend momentum. If ADX peaks are pictured as lower - you guessed it - it points towards a decrease in trend momentum. A trend of lower ADX peaks could be a warning for traders to watch prices and manage and assess risk before a trade gets out of hand. Similarly, whenever there is a sudden move that seems out of place or a change in trend character that goes against what you’ve seen before, this should be a clear sign to watch prices and assess risk.
Summary
The ADX Breakout indicator is a trend strength indicator that analyzes price movements relative to trend strength to signal a user when is best for a trade and when is best to manage risk and assess patterns. As long as a trader recognizes strong trends and assesses the risk of each trade properly, they should have no problem using this indicator and utilizing it to work in their favor. In addition, the ADX helps identify trending conditions, but while doing so, also aids traders in finding strong trends to trade. The indicator can even alert traders to specific changes in trend momentum, allowing them to be primed for risk management.
Support/Resistance With Breaks & Bounces [MyTradingCoder]This script uses the built-in pivothigh/pivotlow functions to find and identify new levels of basic support and resistance. The script will also automatically identify the first occurrence of a bounce/rejection off the most recent green/red line as well as automatically identify the first occurrence of a breakout of the most recent green/red line. This is a very basic, but effective indicator that is well written, and open source for anyone to learn from or build off of.
All details needed to understand how to use the script are listed below. Enjoy!
Customizable inputs:
- Option to change how pivot points are calculated('candle body' or 'candle wicks')
- Option to change the sensitivity of the pivots(leftbars and rightbars linked)
- Option to change the line width
Available Alert Options:
- Red Line Breakout
- Red Line Bounce/Rejection
- Green Line Breakout
- Green Line Bounce/Rejection
User Manual:
- All calculations are done on the last update of the bar(candle close)
- Only 1 breakout will be allowed per line
- Only 1 rejection will be allowed per line
- If the text is red, then the signal is related to the 'red line', if the text is green, then the signal is related to the 'green line'
- The code is open source, and is programmed using arrays/loops out of the gate, despite not needing to do so. This allows for easy modifications to the scripts behavior while keeping the functionality without it breaking.
- Pivot Rightbars is hardcoded to the same value for leftbars(leftbars = sensitivity). Uncomment the input for right_bars if you want the ability to change the rightbars independently from the leftbars
- When a new line is identified, the old one will stop updating, and no longer be considered for breakout/rejections. This can be changed with a bit of pine knowledge by performing some slight modifications to the code.
- When a new line is drawn, the old line will move backwards a little bit for cleanliness/clarity purposes
- If you have any questions/comments/requests/concerns please leave them down in the comments below
- Don't forget to leave a like if you find this script useful
MM Chop Filter Range BoxesMatch with the MM Chop Filter
This draw Non repainting range boxes when the oscillator see a range.
-Breakout Buy/Sell Signals and Exit signals when prices enters a range just in case you did get into a trade. .
-Alarms to match the signals
How to use
Match with the oscillator and always trade the trend with your strategy confirmation and the breakout this indicator provides
Bjorgum Key Levels
Key Levels Aims to capture 3 of the most significant points in price action
Breakouts
False Breakouts (Traps)
Back Checks
These 3 points alone, if properly identified, can be some of the most significant points of movement in the price history of an asset and bring significant gains to traders, if capitalized on. Here are a few examples of these setups
Breakouts
Breakouts can bring significant rallies as the market swings one sided after key levels are breached. This entry type can bring large trending runs to follow. Momentum is on your side, but the trade off is a higher entry.
False Breakouts
Also known as a bull trap or a bear trap, false breaks can lead to swift and significant reversals and potential for a large and sudden move to the opposite side. When a key level breakout fails to hold, parties entering to capitalize on the "epic breakout" can get left holding the bag forcing them to exit at a loss, which can double the force of pressure. Traps can bring swift gains from good entry prices. However, price is still in a larger trend against you so momentum is weak, so price action is susceptible to roll over.
Backchecks
Back checks are pull backs in trend that find middle ground to the 2 areas already described. Both momentum and entry price are decent, but risk is defined as a key level has flipped offering entry with stops below demand, or above supply.
Combining these 3 methods helps to diversify risk, understand trend development, and bring steady gains. This script helps to identify these points to traders with analysis of key levels, price structure, and trend direction, while providing visual signals and alerts for when they occur.
Best of luck in your coding and trading and thank you for your support
Newton theory (Bollinger Band Breakout)Initial capital 1000 USD
Order size 10%
Commission 0.3% with slippage
Timeframe 4h
This is Simple Bollinger Band Trend find out strategy.
I'm using the usual trailing offset as an exit for this strategy.
using 1x leverage to go long short within 3years backtest result more then 200% for all usd pair.
in next version i will try to find out more optimize sma,std,sl,tp parameter by using freqtrade hyperparameter optimization.
Happy Trading :)
Line breakI decided to help TradingView programmers and wrote code that converts a standard candles / bars to a line break chart. The built-in linebreak() and security() functions for constructing a Linear Break chart are bad, the chart is not built correctly, and does not correspond to the Line Breakout chart built into TradingView. I’m talking about simulating the Linear Break lines using the plotcandle() annotation, because these are the same candles without shadows. When you try to use the market simulator, when the gaps are turned on in the security() function, nothing is added to the chart, and when turned off, a completely different line break chart is drawn. Do not try to write strategies based on the built-in linebreak() function! The developers write in the manual: "Please note that you cannot plot Line Break boxes from Pine script exactly as they look. You can only get a series of numbers similar to OHLC values for Line Break charts and use them in your algorithms." However, it is possible to build a “Linear Breakthrough” chart exactly like the “Linear Breakthrough" chart built into TradingView. Personally, I had enough Pine Script functionality.
For a complete understanding of how such a graph is built, you can refer to Steve Nison's book “BEYOND JAPANESE CANDLES” and see the instructions for creating a “Three-Line Breakthrough” chart (the number of lines for a breakthrough is three):
Rule 1: if today's price is above the base price (closing the first candle), draw a white line from the base price to the new maximum price (before closing).
or Rule 2: if today's price is below the base price, draw a black line from the base price to the new low of prices (before closing).
Rule 3: if today's price is no different from the base, do not draw any line.
Rule 4: if today's price rises above the maximum of the first line, shift to the column to the right and draw a new white line from the previous maximum to the new maximum of prices.
Rule 5: if the price is below the low of the first line, move one column to the right and draw a new black line down from the previous low to the new low of prices.
Rule 6: if the price is kept in the range of the first line, nothing is applied to the chart.
Rule 7: if the market reaches a new maximum, surpassing the maximum of previous lines, move to the column to the right and draw a new white line up to a new maximum.
Rule 8: if today's price is below the low of previous lines (i.e. there is a new low), move to the right column and draw a new black line down to a new low.
Rule 9: if the price is in the range of the first two lines, nothing is applied to the chart.
Rule 10: if there is a series of three white lines, a new white line is drawn when a new maximum is reached (even if it is only one tick higher than the old one). Under the same conditions, for drawing a black reversal line, the price should fall below the minimum of the series of the last three white lines. Such a black line is called a black reversal line. It runs from the base of the highest white line to a new low of price.
Rule 11: if there is a series of three black lines, a new black line is drawn when a new minimum is reached. Under the same conditions, for drawing a white line, called a white reversal line, the price must exceed the maximum of the previous three black lines. This line is drawn from the top of the lowest black line to a new high of the price.
So, the script was not small, but the idea is extremely simple: if you need to break n lines to build a line, then among these n lines (or less, if this is the beginning of the chart), the maximum or minimum of closures and openings will be searched. If the current candles closed above or below these highs or lows, then a new line is added to the chart on the current candles (trend or breakout). According to my observations, this script draws a chart that is completely identical to the Line Breakout chart built into TradingView, but of course with gaps, as there is time in the candles / bar chart. I stuffed all the logic into a wrapper in the form of the get_linebreak() function, which returns a tuple of OHLC values. And these series with the help of the plotcandle() annotation can be converted to the "Linear Breakthrough" chart. I also want to note that with a large number of candles on the chart, outrages about the buffer size uncertainty are heard from the TradingView black box. Because of this, in the annotation study() set the value to the max_bars_back parameter.
In general, use it (for example, to write strategies)!
CME Equity Futures Price Limits
Breakers for CME's futures contracts. Should work on CST/EST/UTC charts.
CME says it uses the last 30 seconds of the session to grab a reference price, so I took the open of the last session's candle because it's easier.
Out of session breakers: +/-5%
Limit downs: -7%/-13%/-20%
There are some minor nuances for the later part of the NY session but I don't really care to add that in right now.
Options:
- Input a manual reference price to override the selected price for accuracy.
- Show only the current/last session's limits. This breaks the in session limit down lines.
Live prices:
www.cmegroup.com
Month codes:
www.cmegroup.com
Reference:
www.cmegroup.com
It's best to check the last updated reference price to ensure it's correct.
Volume w/ Threshold and Editable MA PeriodJust a simple script that tweaks the original Volume one.
The purpose is creating a threshold which we'll use to put an alert on. This way, we can be notified whether Volume pumps.
Useful for spotting breakouts, breakdowns and pumps.
Threshold is simply a coeff * ma(volume,period). Coeff is editable as well.
Hope this helps!
Seismic Market Spike Detector v1.0 Seismic Market Spike Detector v1.0
This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices.
This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an insight into the current volatility of the price at that time in the market. Quite often big price swings with in bars are missed as people pend to tunnel vision on the open or close price - or other indicators derived from open / close.
The Red line is similar to the blue bar as it depicts extreme price movements with in the bar , but it will show the direction the market moved in by the close of the bar - and relatively how much the market moved. This is helpful for spotting breakout price action or short term spikes. Quite often after a breakout the market will restore itself to an equilibrium in the opposite direction. Sometimes this happens with an opposing aggressive spike , some times it makes a steady return to a known price level. Either way its a great time to place entry orders if you are looking to turn a fast profit or alternatively a good warning of forth coming price volatility.
Here are some tips for analysing the red and blue lines :
1)If the red line is pointing upwards , this indicates a sharp rise in the price.
2)If the red line is pointing downwards , this indicates a sharp fall in the price.
3)If the red line is flat but the blue line is spiked in either direction - this indicates the price was volatile with in the bar , but the price closed relatively near to the surrounding price bars. Perhaps a limit / stop triggered by this kind of activity - this is an easy way to determine why and re-enter.
4)If the red and the blue lines are flat - the price is steadily moving with a trend or trading sideways in a confined range.
Sideways & Breakout Detector + Forecast//@version=6
indicator("Sideways & Breakout Detector + Forecast", overlay=true, max_labels_count=500)
// Inputs
lengthATR = input.int(20, "ATR Länge")
lengthMA = input.int(50, "Trend MA Länge")
sqFactor = input.float(1.2, "Seitwärtsfaktor")
brkFactor = input.float(1.5, "Breakoutfaktor")
// ATR / Volatilität
atr = ta.atr(lengthATR)
atrSMA = ta.sma(atr, lengthATR)
// Basislinie / Trend
basis = ta.sma(close, lengthATR)
trendMA = ta.sma(close, lengthMA)
// Seitwärtsbedingung
isSideways = atr < atrSMA * sqFactor
// Breakouts
upperBreak = close > basis + atr * brkFactor
lowerBreak = close < basis - atr * brkFactor
// Vorhergesagter Ausbruch (Forecast)
// Wenn Seitwärtsphase + Kurs nahe obere oder untere Kanalgrenze
forecastBull = isSideways and (close > basis + 0.5 * atr)
forecastBear = isSideways and (close < basis - 0.5 * atr)
// Farben
barcolor(isSideways ? color.new(color.yellow, 40) : na)
barcolor(upperBreak ? color.green : na)
barcolor(lowerBreak ? color.red : na)
// Breakout-Bänder
plot(basis + atr * brkFactor, "Bull Break Zone", color=color.new(color.green, 60))
plot(basis - atr * brkFactor, "Bear Break Zone", color=color.new(color.red, 60))
// Labels (klein)
if isSideways
label.new(bar_index, close, "Seitwärts", color=color.yellow, style=label.style_label_center, size=size.tiny)
if upperBreak
label.new(bar_index, high, "Bull Breakout", color=color.green, style=label.style_label_up, size=size.tiny)
if lowerBreak
label.new(bar_index, low, "Bear Breakout", color=color.red, style=label.style_label_down, size=size.tiny)
// Vorhergesagte Ausbrüche markieren
plotshape(forecastBull, title="Forecast Bull", location=location.abovebar, color=color.new(color.green, 0), style=shape.triangleup, size=size.tiny)
plotshape(forecastBear, title="Forecast Bear", location=location.belowbar, color=color.new(color.red, 0), style=shape.triangledown, size=size.tiny)
// Alerts
alertcondition(isSideways, "Seitwärtsphase", "Der Markt läuft seitwärts.")
alertcondition(upperBreak, "Bull Breakout", "Ausbruch nach oben!")
alertcondition(lowerBreak, "Bear Breakout", "Ausbruch nach unten!")
alertcondition(forecastBull, "Forecast Bull", "Voraussichtlicher Bull-Ausbruch!")
alertcondition(forecastBear, "Forecast Bear", "Voraussichtlicher Bear-Ausbruch!")
Low Volatility Breakout + TP/SL Levels█ OVERVIEW
"Low Volatility Breakout + TP/SL Levels" is a breakout indicator designed to detect and trade breakouts from periods of low volatility (consolidation). Unlike classic strategies based on fixed support/resistance levels, this indicator dynamically identifies consolidations characterized by small candle bodies and only generates a signal when the breakout occurs with a large, decisive candle. It also automatically plots 3 Take Profit levels and a Stop Loss (with two calculation modes), making it a complete breakout trading tool.
█ CONCEPTS
The strongest market moves most often start after a prolonged period of very low volatility — when candles become small and the market "falls asleep". The indicator first detects such consolidations (small bodies for at least X bars), draws a box around them, and then waits for a breakout with a candle significantly larger than the average. Additional filters (e.g., the box height cannot exceed the average candle body by too much) eliminate false consolidations and volatility traps. Immediately after the breakout, TP1, TP2, TP3, and SL levels are plotted.
█ FEATURES
Dynamic detection of low-volatility consolidations
- candles with small bodies (< average body × consolidationMultiplier)
- minimum number of bars in consolidation: confirmBars (default 5)
Automatic drawing of consolidation boxes
- green (bullish) or red (bearish) with transparent background (85)
- adjustable border thickness (border_width 1–5)
- box height filter (boxHeightMultiplier, default 6.0 × average body) – removes overly stretched/false consolidations
Breakout conditions
- current candle must be larger than average body × threshold (default 1.5)
- must be the largest candle in the entire consolidation
- must close above the highest high (long) or below the lowest low (short)
Breakout signals
- small green triangles below the bar (long)
- small red triangles above the bar (short)
Automatic Take Profit and Stop Loss levels (drawn 5 bars forward)
- two calculation modes:
• Candle Multiplier – based on average true range (high-low) over tp_sl_length period
• Percentage – fixed percentage from breakout close price (percentages must be manually adjusted to the asset and timeframe)
- 3 TP levels (default 2×, 3×, 4× or 2%, 3%, 4%)
- 1 SL level (default 2× or 1.5%)
Live TP/SL price table (top-right corner)
- displays exact current values of SL, TP1, TP2, TP3 immediately after each new signal
- colors identical to drawn lines (red background for SL, green for TP levels)
- updates automatically with every new breakout
Built-in alerts
- “Bullish Breakout Alert” and “Bearish Breakout Alert”
█ HOW TO USE
Add the indicator to your TradingView chart → Indicators → search “Low Volatility Breakout + TP/SL Levels”.
After each valid breakout you will immediately see:
- the colored box
- signal triangle
- horizontal TP/SL lines
- updated table in the top-right corner showing precise price levels for the current trade
Key settings to adjust:
Consolidation Settings
- Volatility Window (length) – period for average body calculation (default 20)
- Consolidation Multiplier – how small bodies must be to count as consolidation (default 2.0)
- Breakout Multiplier – minimum size of breakout candle (default 1.5)
- Box Height Multiplier – maximum allowed box height (default 6.0)
- Min Consolidation Bars – minimum bars required (default 5)
Risk Management Settings
- Choose TP/SL mode: Candle Multiplier or Percentage
- Adjust TP1–3 and SL multipliers/percentages to match your risk management style
Signal interpretation:
- Green triangle below bar + green box + green TP levels in table = long signal
- Red triangle above bar + red box + red SL level in table = short signal
- Boxes remain on chart until broken — they highlight accumulation/distribution zones
█ APPLICATIONS
- Trading breakouts from consolidation on all markets and timeframes
- Recommended to trade in the direction of the higher-timeframe trend or with additional confirmations (e.g., key level breaks). Aggressive mode (trading both directions) is also possible — provided box and TP/SL settings are properly optimized
- Experiment with different TP/SL ratios — higher reward-to-risk setups (e.g., SL 1×, TP3 6–8×) with lower win rate are often more profitable in the long run
- Strongly encourage testing various box parameters (consolidationMultiplier, boxHeightMultiplier, confirmBars) — small changes can dramatically affect signal frequency and quality
█ NOTES
Always test and optimize parameters for the specific instrument and timeframe.
LiquidEdge:Smooth Edges + SMT + Clean BreakersAutomated Unicorn Model indicator. The code is open source. It detects: smooth edges, breaker blocks, smt s
Pre-Market ORB Break and Retest - Institutional═══════════════════════════════════
PRE-MARKET ORB BREAK AND RETEST - INSTITUTIONAL
═══════════════════════════════════
Free professional Pre-Market Opening Range Breakout indicator from QuantCrawler - your AI-powered futures trading analysis platform.
Built as a free resource for the trading community. Support us at quantcrawler.com and on YouTube @AutomateWithAaron.
═══════════════════════════════════
📊 HOW IT WORKS
1. Captures the 8:00-8:15 AM ET pre-market range where institutional investors position
2. Draws OR High, OR Low, and Midpoint levels on your chart
3. Waits for market open at 9:30 AM EST before detecting breakouts
4. Fires LONG/SHORT entry signals when price retests the OR midpoint after breakout
═══════════════════════════════════
✓ FEATURES
- Runs on 1m or 5m charts - captures 15m pre-market range automatically
- Zone marked at 8:15 AM, trades trigger after 9:30 AM market open
- Universal - works on futures, forex, stocks, and crypto
- Customizable sessions - NY, London, Asia, or any custom timeframe
- Adjustable breakout distance to match your instrument
- Clean visual signals - only shows actionable entries
- Session end time stops monitoring after market close
═══════════════════════════════════
⚙️ SETTINGS
- Breakout Distance (Points): Distance outside OR zone to confirm breakout
- Timezone: Select your trading session
- Opening Range Time: Pre-market positioning window (default 8:00-8:15)
- Session End Time: When to stop monitoring (default 16:00)
═══════════════════════════════════
🎯 IDEAL FOR
Day traders who defend institutional positioning levels. The 8:00-8:15 AM range captures where smart money positions before retail market open, giving you an edge on key support/resistance zones.
═══════════════════════════════════
🚀 WANT MORE?
This indicator pairs perfectly with QuantCrawler's AI-powered chart analysis:
- Multi-timeframe futures analysis (15m/5m/1m scalping, 4H/1H/30m intraday, 1D/4H/1H swing)
- Precision entry points, stop losses, and profit targets
- Confidence scoring for every setup
- Covers futures, forex, and crypto markets
Visit quantcrawler.com to see how AI can level up your trading.
═══════════════════════════════════
⚠️ DISCLAIMER
This indicator is for educational purposes only. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.
═══════════════════════════════════
Built with ❤️ by Aaron at QuantCrawler
quantcrawler.com | AI-Powered Futures Trading Analysis
Pre-Market ORB Break and Retest - Institutional═══════════════════════════════════
PRE-MARKET ORB BREAK AND RETEST - INSTITUTIONAL
═══════════════════════════════════
Free professional Pre-Market Opening Range Breakout indicator from QuantCrawler - your AI-powered futures trading analysis platform.
Built as a free resource for the trading community. Support us at quantcrawler.com and on YouTube @AutomateWithAaron.
═══════════════════════════════════
📊 HOW IT WORKS
1. Captures the 8:00-8:15 AM ET pre-market range where institutional investors position
2. Draws OR High, OR Low, and Midpoint levels on your chart
3. Waits for market open at 9:30 AM EST before detecting breakouts
4. Fires LONG/SHORT entry signals when price retests the OR midpoint after breakout
═══════════════════════════════════
✓ FEATURES
- Runs on 1m or 5m charts - captures 15m pre-market range automatically
- Zone marked at 8:15 AM, trades trigger after 9:30 AM market open
- Universal - works on futures, forex, stocks, and crypto
- Customizable sessions - NY, London, Asia, or any custom timeframe
- Adjustable breakout distance to match your instrument
- Clean visual signals - only shows actionable entries
- Session end time stops monitoring after market close
═══════════════════════════════════
⚙️ SETTINGS
- Breakout Distance (Points): Distance outside OR zone to confirm breakout
- Timezone: Select your trading session
- Opening Range Time: Pre-market positioning window (default 8:00-8:15)
- Session End Time: When to stop monitoring (default 16:00)
═══════════════════════════════════
🎯 IDEAL FOR
Day traders who defend institutional positioning levels. The 8:00-8:15 AM range captures where smart money positions before retail market open, giving you an edge on key support/resistance zones.
═══════════════════════════════════
🚀 WANT MORE?
This indicator pairs perfectly with QuantCrawler's AI-powered chart analysis:
- Multi-timeframe futures analysis (15m/5m/1m scalping, 4H/1H/30m intraday, 1D/4H/1H swing)
- Precision entry points, stop losses, and profit targets
- Confidence scoring for every setup
- Covers futures, forex, and crypto markets
Visit quantcrawler.com to see how AI can level up your trading.
═══════════════════════════════════
⚠️ DISCLAIMER
This indicator is for educational purposes only. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.
═══════════════════════════════════
Built with ❤️ by Aaron at QuantCrawler
quantcrawler.com | AI-Powered Futures Trading Analysis
15m ORB BREAK AND RETEST - MIDPOINT═══════════════════════════════════
15m ORB BREAK AND RETEST - MIDPOINT
═══════════════════════════════════
Free professional 15-minute Opening Range Breakout indicator from QuantCrawler - your AI-powered futures trading analysis platform.
Built as a free resource for the trading community. Support us at quantcrawler.com and on YouTube @AutomateWithAaron.
═══════════════════════════════════
📊 HOW IT WORKS
1. Captures the 15-minute Opening Range (default: 9:30-9:45 AM ET)
2. Draws OR High, OR Low, and Midpoint levels on your chart
3. Detects breakouts when price closes beyond the OR zone + your specified distance
4. Fires LONG/SHORT entry signals when price retests the OR midpoint after breakout
═══════════════════════════════════
✓ FEATURES
- Runs on 1m or 5m charts - captures 15m opening range automatically
- Universal - works on futures, forex, stocks, and crypto
- Customizable sessions - NY, London, Asia, or any custom timeframe
- Adjustable breakout distance to match your instrument
- Clean visual signals - only shows actionable entries
- Session end time stops monitoring after market close
═══════════════════════════════════
⚙️ SETTINGS
- Breakout Distance (Points): Distance outside OR zone to confirm breakout
- Timezone: Select your trading session
- Opening Range Time: First 15 minutes to capture (default 9:30-9:45)
- Session End Time: When to stop monitoring (default 16:00)
═══════════════════════════════════
🎯 IDEAL FOR
Day traders and swing traders who prefer wider opening ranges for reduced noise. The 15-minute OR provides more stable support/resistance levels compared to 5m setups.
═══════════════════════════════════
🚀 WANT MORE?
This indicator pairs perfectly with QuantCrawler's AI-powered chart analysis:
- Multi-timeframe futures analysis (15m/5m/1m scalping, 4H/1H/30m intraday, 1D/4H/1H swing)
- Precision entry points, stop losses, and profit targets
- Confidence scoring for every setup
- Covers futures, forex, and crypto markets
Visit quantcrawler.com to see how AI can level up your trading.
═══════════════════════════════════
⚠️ DISCLAIMER
This indicator is for educational purposes only. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.
═══════════════════════════════════
Built with ❤️ by Aaron and QuantCrawler
quantcrawler.com | AI-Powered Futures Trading Analysis
MTF Checklist DashboardMTF Checklist Dashboard
Overview
The MTF Checklist Dashboard is an advanced multi-timeframe analysis tool that provides traders with a comprehensive visual dashboard to analyze market conditions across six customizable timeframes simultaneously. This indicator combines multiple technical analysis methods, including Opening Range Breakouts (ORB), VWAP, EMAs, and daily price levels, to generate high-probability confluence-based trading signals.
Unlike traditional single-timeframe indicators, this dashboard displays all critical information in one organized table, allowing traders to instantly identify when multiple timeframes align for optimal entry and exit opportunities.
Key Features
Multi-Timeframe Analysis
Analyzes up to 6 timeframes simultaneously (default: 1m, 5m, 15m, 30m, 1h, 4h)
Fully customizable timeframe selection via comma-separated input
Color-coded cells for instant visual recognition (green=bullish, red=bearish, yellow=neutral)
Technical Indicators Tracked
Current and previous candle direction
Opening Range Breakout (ORB) positioning with custom period
VWAP relationship (above/below)
200 EMA positioning
Daily and previous day high/low proximity
EMA crossovers (9 vs 21, both vs 200)
Advanced Signal Filtering System
Confluence scoring: Requires multiple timeframes to align (3-6 timeframes)
Higher timeframe confirmation: Ensures 30m/1h/4h agreement
Volume filter: Confirms signals with above-average volume (1.5x default)
ATR volatility filter: Validates sufficient market movement
Session timing: Restricts signals to optimal trading hours (EST)
Momentum confirmation: Requires recent directional strength
Range positioning: Blocks signals near daily extremes
Candle strength: Validates strong directional candles (60%+ body ratio)
Visual Signals
Optional entry arrows (above/below bars)
Background color highlighting
Organized dashboard with real-time price levels
ORB range, current day, and previous day summary rows
Alert Conditions
JSON-formatted alerts for automated trading integration
Separate alerts for long entry, short entry, long exit, and short exit
Compatible with webhook automation systems
How To Use
Dashboard Interpretation
The dashboard displays a color-coded table with the following columns:
TF: Timeframe being analyzed
C: Current candle (Green=bullish, Red=bearish)
P: Previous candle (Green=bullish, Red=bearish)
ORB: Opening Range Breakout position (A=Above, B=Below, W=Within)
VWAP: Price vs VWAP (A=Above, B=Below)
E200: Price vs 200 EMA (A=Above, B=Below)
D Hi/Lo: Proximity to current day high/low (Hi/Lo/Mid)
PD Hi/Lo: Proximity to previous day high/low (Hi/Lo/Mid)
9 vs 21: EMA 9 vs EMA 21 relationship (A=9 above 21, B=9 below 21)
9&21 v200: Both EMAs vs 200 EMA (>>=both above, <<=both below, <>=mixed)
Signal Generation
Long Entry Signal triggers when:
Minimum number of timeframes show bullish alignment (default: 5 of 6)
Higher timeframes (30m/1h/4h) confirm direction (default: 2 of 3)
Price breaks above ORB high with sufficient distance
Volume exceeds average by specified multiplier
ATR shows adequate volatility
Trade occurs during optimal session hours
Recent momentum is upward
Price not too close to daily high
Strong bullish candle forms
Short Entry Signal uses opposite conditions
Exit Signals trigger when opposing timeframe confluence reaches threshold (default: 3 timeframes)
Recommended Workflow
Select your asset and primary trading timeframe
Observe the dashboard - Look for rows showing mostly green (bullish) or red (bearish)
Wait for alignment - The indicator will show arrows when confluence requirements are met
Check the bottom rows - Review ORB levels and daily ranges for context
Set alerts - Enable TradingView alerts using the built-in alert conditions
Manage risk - Use appropriate position sizing and stop losses based on ORB range or daily ATR
Settings Guide
Basic Settings
Timeframes: Enter comma-separated values (e.g., "1,5,15,30,60,240")
Show Header: Toggle column headers on/off
ORB Minutes: Set opening range period (default: 15 minutes)
Near % for daily highs/lows: Define proximity threshold (default: 0.20%)
Use close for comparisons: Compare using close vs current price
Dashboard Position: Choose from 9 screen positions
Confluence Filters
Minimum Timeframes Aligned: Set required confluence (3-6, default: 5)
Require Higher Timeframe Confirmation: Toggle HTF requirement on/off
Min Higher Timeframes: Specify HTF agreement needed (1-3, default: 2)
Volume Filter
Volume Confirmation: Enable/disable volume filtering
Volume vs Average: Set multiplier threshold (default: 1.5x)
Volume Average Length: Period for volume average (default: 20 bars)
Volatility Filter (ATR)
Volatility Filter: Enable/disable ATR confirmation
ATR Length: Calculation period (default: 14)
Min ATR vs Average: Required ATR level (default: 0.5x = 50%)
ORB Filters
ORB Breakout Distance Required: Toggle distance requirement
Min Breakout % Beyond ORB: Additional breakout threshold (default: 0.10%)
Session Filter
Trade Only During Best Hours: Enable time-based filtering
Session 1: First trading window (default: 0930-1130 EST)
Session 2: Second trading window (default: 1400-1530 EST)
Momentum Filter
Recent Momentum Required: Enable directional momentum check
Lookback Bars: Period for momentum comparison (default: 3 bars)
Daily Range Filter
Block Signals Near Daily Extremes: Prevent entries at extremes
Distance from High/Low %: Minimum distance required (default: 2.0%)
Candle Filter
Strong Directional Candle: Require candle strength
Min Candle Body %: Body-to-range ratio threshold (default: 60%)
Visual Signals
Show Entry Signals: Master toggle for visual signals
Show Arrows: Display entry arrows on chart
Background Color: Enable background highlighting
Best Practices
Start with default settings and adjust based on your trading style and asset volatility
Higher confluence requirements (5-6 timeframes) produce fewer but higher-quality signals
Enable all filters for conservative trading; disable some for more frequent signals
Use the dashboard as confirmation alongside your existing trading strategy
Backtest on your specific instruments before live trading
Consider market conditions—trending vs ranging markets may require different settings
Alerts
This indicator includes four alert conditions with JSON formatting for webhook integration:
Long Entry Signal: Triggers when all long conditions are met
Short Entry Signal: Triggers when all short conditions are met
Long Exit Signal: Triggers when opposing confluence reaches exit threshold
Short Exit Signal: Triggers when opposing confluence reaches exit threshold
Alert messages include ticker symbol, action (buy/sell), price, and quantity for automated trading systems.
Important Notes
This indicator works best on liquid instruments with clear price action
Highly volatile markets may require adjusted ATR and ORB distance settings
Session times are in EST timezone—adjust if trading non-US markets
The ORB calculation requires sufficient price history for the day
Signals are generated in real-time but should be confirmed at candle close
Limitations
Maximum of 6 timeframes can be analyzed due to TradingView's security call limits
ORB calculations may not work correctly on instruments with gaps or irregular sessions
The indicator is most effective during regular market hours when volume and volatility are adequate
Lower timeframes (1m, 5m) may produce more false signals in choppy conditions
License
Mozilla Public License 2.0 (MPL-2.0)
This indicator is licensed under the Mozilla Public License 2.0. You are free to use, modify, and distribute this code under the terms of the MPL-2.0. The full license text is available at mozilla.org
Key license provisions:
You may use this code commercially
You may modify and distribute modified versions
Modified versions must be released under the same license
You must include the original license notice in any distributions
No trademark rights are granted
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice, and past performance does not guarantee future results. Trading involves substantial risk of loss. Always:
Practice proper risk management
Test thoroughly on paper/demo accounts before live trading
Use appropriate position sizing
Never risk more than you can afford to lose
Consult with a financial advisor for personalized advice
The creator assumes no liability for trading losses incurred using this indicator.
Version: 2.0
Pine Script Version: v6
Author: © EliasVictor
MOMO – Imbalance Trend (SIMPLE BUY/SELL)MOMO – Imbalance Trend (SIMPLE BUY/SELL)
This strategy combines trend breaks, imbalance detection, and first-tap supply/demand entries to create a clean and disciplined trading model.
It automatically highlights imbalance candles, draws fresh zones, and waits for the first retest to deliver precise BUY and SELL signals.
Performance
On optimized settings, this strategy shows an estimated 57%–70% win-rate, depending on the asset and timeframe.
Actual performance may vary, but the model is built for consistency, discipline, and improved decision-making.
How it works
Detects trend structure shifts (BOS / Break of Trend)
Identifies displacement (imbalance) candles
Creates supply and demand zones from imbalance origin
Waits for first tap only (no second chances)
Confirms direction using trend logic
Generates clean BUY/SELL arrows
Automatic SL/TP based on user settings
Features
Clean BUY/SELL markers
Auto-drawn supply & demand zones
Trend break markers
Imbalance tags
Smart first-tap confirmation
Customizable stop loss & take profit
Works on crypto, gold, forex, indices
Best on M5–H1 for day trading
Note
This strategy is designed for day traders who want clarity, structure, and zero emotional trading.
Use it with discipline — and it will serve you well.
Good luck, soldier.
Session Breakout, Retest, Reversal + Large Move Alert## **Session Breakout, Retest, Reversal + Large Move Alert**
### Overview
A powerful multi-functional indicator designed for day traders and futures traders to identify session-based breakout opportunities, retest confirmations, and significant price movements across all futures contracts (Gold, E-mini S&P 500, Nasdaq, Crude Oil, and more).
### Key Features
**📊 Pre-Market Session Tracking**
- Automatically calculates pre-market/overnight session highs and lows
- Displays session ranges with customizable colors and styling
- Extends lines through the entire trading session for easy reference
- Supports overnight sessions (e.g., 4 PM – 7:30 AM for Gold futures)
**🚀 Breakout Detection**
- Identifies breakouts above/below pre-market highs and lows
- Uses close-price confirmation to filter false signals from wicks
- Displays "BO ↑" and "BO ↓" labels at breakout points
- Generates instant alerts when breakouts occur
**♻️ Retest Failed Tracking**
- Monitors price retests after breakouts
- Detects when retests fail to reach previous support/resistance
- Labels "RF" (Retest Failed) for high-probability trade setups
- Helps identify reversal opportunities
**📈 First 5-Minute Analysis**
- Captures first 5 minutes of market open (customizable timeframe)
- Tracks first 5-minute highs and lows separately
- Essential for mean-reversion and breakout confirmation strategies
- Blue lines extend through the trading session for easy tracking
**⚡ Large Move Alerts**
- Detects significant price movements based on point thresholds
- Individual thresholds for 5+ different symbols:
- GC (Gold): 15 points
- ES (E-mini S&P 500): 15 points
- NQ (E-mini Nasdaq): 50 points
- CL (Crude Oil): 1.5 points
- Custom: Fully adjustable
- Auto-detects symbol from chart ticker
- Labels show exact point movement and candle direction
### Customization Options
**Symbol Configuration**
- **Auto-Mode**: Automatically detects trading symbol from chart ticker
- **Manual-Mode**: Select specific symbol (GC, ES, NQ, CL, or Custom)
**Session Settings**
- Fully customizable pre-market session time (24-hour format)
- Adjustable market open time for first 5-minute window
- Market close hour and minute configuration
- Support for any timezone
**Point Move Thresholds by Symbol**
- Set independent thresholds for each of your trading symbols
- Quickly adjust settings when switching between different futures
- Includes helpful tooltips for recommended values
**Display & Styling**
- Toggle all visual elements on/off individually
- Customizable colors for all lines and labels:
- Pre-market high/low colors
- Breakout labels (up/down)
- Retest failed labels
- First 5-minute session lines
- Large move indicators
- Text size options: tiny, small, normal, large, huge
### How It Works
1. **Session Tracking**: The indicator identifies your pre-market session and marks the high and low with labeled lines (PH/PL)
2. **Breakout Signal**: Once the market opens, it monitors for close prices above/below the pre-market levels and alerts you with "BO ↑" or "BO ↓"
3. **Retest Confirmation**: After a breakout, it tracks retests and labels "RF" when the retest fails to reach the opposite extreme, confirming trade direction
4. **Large Move Detection**: Simultaneously monitors for significant point moves that exceed your symbol-specific thresholds
5. **Alert Triggers**: Get real-time alerts for:
- Breakout Up/Down
- Any Breakout
- Large Move events
### Alert Conditions
The indicator includes four alert conditions:
- **Breakout Up Alert**: Price closes above pre-market high
- **Breakout Down Alert**: Price closes below pre-market low
- **Any Breakout Alert**: Either breakout condition triggers
- **Large Move Alert**: Point movement exceeds threshold for current symbol
### Ideal For
- ✅ Day traders (breakout/retest strategies)
- ✅ Futures traders (Gold, Oil, Stock Index Contracts)
- ✅ Intraday scalpers (first 5-minute analysis)
- ✅ Swing traders (session-based levels)
- ✅ Multi-symbol traders (independent thresholds per symbol)
### Disclaimer
This indicator is designed for educational and informational purposes. Past performance does not guarantee future results. Always use proper risk management and position sizing. Test thoroughly on historical data before trading live.
Easy [CHE] Easy — Minimalist Pine Script for detecting EMA direction changes to define fixed price zones for simple support and resistance visualization, ideal for manual trading workflows.
Summary
This indicator's programming is kept minimalist and super simple, with core logic in under 20 lines for easy comprehension and modification. It creates fixed price zones based on divergences between a base exponential moving average and its smoother counterpart, helping traders spot potential consolidation or reversal areas without dynamic adjustments. By locking the zone at the high and low of the signal bar, it avoids over-expansion in volatile conditions, offering a stable reference line colored by price position relative to the zone. This approach differs from expanding channels by prioritizing simplicity and persistence until a new qualifying signal, reducing visual clutter while highlighting directional bias through midpoint coloring.
Motivation: Why this design?
Traders often face noisy signals from moving averages that flip frequently in sideways markets or lag during breakouts, leading to premature entries or missed opportunities. This indicator addresses that by focusing on confirmed direction shifts between the base and smoothed averages, then anchoring a non-expanding zone to capture the initial price range of the shift. The result is a cleaner tool for marking equilibrium levels, assuming price respects these bounds in ranging or mildly trending conditions.
What’s different vs. standard approaches?
- Reference baseline: Traditional moving average crossovers or simple channels that update every bar.
- Architecture differences:
- Zones are set only on new divergence signals and remain fixed until reset by a gap from the prior zone.
- No ongoing high-low expansion; relies on persistent variables to hold bounds across bars.
- Midpoint plotting with conditional coloring based on close position, plus a highlight for zone initiations.
- Practical effect: Charts show persistent horizontal references instead of drifting lines, making it easier to gauge if price is rejecting or embracing the zone—useful for avoiding false breaks in low-volatility setups.
How it works (technical)
The indicator first computes a base exponential moving average of closing prices over a user-defined length, then applies a second exponential moving average to smooth that base. It checks if both the base and smoothed values are increasing or decreasing compared to their prior values, indicating aligned direction. A signal triggers when this alignment breaks, marking a potential shift.
On a new signal, if the current bar's high and low fall outside any existing zone (or none exists), the zone bounds update to those extremes and persist via dedicated variables. The midpoint of these bounds becomes the primary plot line, colored green if below the close (bullish lean), red if above (bearish lean), or gray otherwise. A secondary thick line highlights the midpoint briefly when a zone first sets, aiding visual confirmation. No higher timeframe data or external fetches are used, so updates occur on each bar close without lookahead.
Parameter Guide
EMA Length — Sets the period for the base moving average; longer values smooth more, reducing signal frequency but increasing lag. Default: 50. Trade-offs/Tips: Shorter for faster response in intraday charts (risks noise); longer for daily trends (may miss early shifts).
Smoother Length — Defines the period for the secondary smoothing on the base average; higher values dampen minor wiggles for stabler direction checks. Default: 3. Trade-offs/Tips: Keep low (2–5) for sensitivity; increase to 7+ if zones trigger too often in choppy markets, at cost of delayed signals.
Reading & Interpretation
The main circle plot at the zone midpoint serves as a dynamic equilibrium line: green suggests price is above the zone (potential strength), red indicates below (potential weakness), and gray shows containment within bounds (neutral consolidation). A sudden thick foreground line at the midpoint flags a fresh zone start, prompting review of the prior bar's context. Absence of a plot means no active zone, implying reliance on price action alone until the next signal.
Practical Workflows & Combinations
- Trend following: Enter long on green midpoint after a higher low touches the zone lower bound, confirmed by structure like higher highs; filter shorts similarly on red with lower highs.
- Exits/Stops: Use the opposite zone bound as a conservative stop (e.g., below lower for longs); trail aggressively to midpoint on strong moves, tightening near gray neutrality.
- Multi-asset/Multi-TF: Defaults work across forex and stocks on 1H–Daily; for crypto volatility, shorten EMA Length to 20–30. Pair with volume oscillators for confirmation, avoiding isolated use.
Behavior, Constraints & Performance
- Repaint/confirmation: Plots update on bar close using historical closes, so confirmed signals hold; live bars may shift until close but without future references.
- security()/HTF: Not used, eliminating related repaint risks.
- Resources: Minimal overhead—no loops, arrays, or bar limits exceeded; suitable for real-time on any timeframe.
- Known limits: Fixed zones may lag in strong trends (price drifts away without reset); signals skip if no gap from prior zone, potentially missing clustered shifts. Assumes standard OHLC data; untested on non-equity assets.
Sensible Defaults & Quick Tuning
Start with EMA Length at 50 and Smoother Length at 3 for balanced daily charts. If signals fire too frequently (e.g., in ranges), extend EMA Length to 100 for fewer but stabler zones. For sluggish response in trends, drop Smoother Length to 2 and EMA Length to 30, monitoring for added noise. In high-vol setups, widen both to 75/5 to filter extremes, trading speed for reliability.
What this indicator is—and isn’t
This is a lightweight visualization layer for EMA-driven zones, aiding manual chart reading and basic signal spotting. It is not a standalone system, predictive model, or automated alert generator—integrate with broader analysis like market structure and risk rules. (Unknown/Optional: No built-in alerts or multi-timeframe scaling.)
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
