התחל

חפש סקריפטים עבור "gaps"

Volume Footprint Voids [BigBeluga]Volume Footprint Voids is a unique tool that uses lower timeframe calculation to plot different styles of single candle POC. This indicator is very powerful for scalping and finding very precise entry and exits, spotting potential trapped traders, and more. Unlike many other volume profiles, this aims to plot single candle profiles as well as their own footprints. 🔶 FEATURES The script includes the following settings: Windows: Plotting style and calculations Coloring modes Display modes lower-timeframe calculations 🔶 CALCULATION In the image above we can see how the script calculates each level position that will serve as a calculation process to see how much volume/closes there are within the levels. In the image above, we can have a more clear example of how we count each candle close. We use the prior screenshot as an example, after setting each level we will use the lower-timeframe input to measure the amount of closes within the ranges. Depending on the lot size, the box will be larger or smaller, usually the POC will always have the highest box size. NOTE: Size is the starting point, always from the low of the candle. To find more voids, select a closer LTF to the current one you're using. To find fewer voids, select a timeframe away from your current one. Due to Pine Script limitations, we are only able to plot a certain amount of footprints, and we can't plot the whole history chart. POC will be the largest block displayed, indicating the time point of control Gray areas are closes above the average Black are Void or imbalance that price will fill in the future, like FVG The image above shows an incorrect size input that will lead to bad calculations, while on the other side, a correct size input that will lead to a clear vision and better calculation. 🔶 WINDOWS The "▲▼" Mode will display delta buyers and delta sellers coloring with voids as black. It also offers a gradient mode for a beautier visualization The "Total Volume" mode will display the net volume within the lot size (closes within the levels). This is useful to spot possible highest net volume within the same highest lot size. The "POC + Gaps" will show both POC and Gaps as the highest block while all the rest will be considered as the smaller block. This is useful to see where the highest lot were and if there are higher or lower imbalances within the candle The last option "Gaps" will simply display the gaps as the highest block, while the POC as the lowest block. This is useful to have a better view of the gaps areas 🔶 EXAMPLE This is one of the most basic examples of how this script can be used. POC at the bottom creating a strong support area as price holds and creates higher voids gap that price fills while rising. 🔶 SETTINGS Users have full control over the script, from colors to choosing the lower-timeframe inputs to disabling the lot size.
אינדיקטור Pine Script®
מאת ‎BigBeluga‎
39
Gap SMAGap SMA Indicator - Analyzing Price Gaps with Moving Averages Description: The Gap SMA (Simple Moving Average) indicator is a powerful tool designed to analyze price gaps, a phenomenon occurring when the market opens significantly higher or lower than the previous session's close. These gaps often signify abrupt shifts in market sentiment, driven by fundamental news, earnings reports, or overnight geopolitical events. This indicator calculates and visualizes the average gap-up and gap-down based on historical data, aiding traders in identifying potential support or resistance levels driven by gap behavior. What is a Gap? In financial markets, a gap occurs when there is a notable difference (upward or downward) between the previous session's close and the current session's open. Gaps can be categorized as gap-ups (when the current open is higher than the previous close) or gap-downs (when the current open is lower than the previous close). Key Features: User-Defined Parameters: Adjust the number of gaps considered and a multiplier factor for precise customization. Average Gap Visualization: Plotting lines representing the moving average of gap-ups and gap-downs. Alert System: Alerts notify traders when the close price crosses above/below the average gap lines, offering potential entry or exit signals. This tool is particularly useful for swing traders and investors interested in understanding historical gap patterns and integrating this information into their decision-making process. It can assist in determining potential stop-loss levels, defining entry or exit points, and gauging market sentiment based on gap behavior. Feel free to experiment with various settings and timeframes to suit your trading strategy and risk tolerance. Your feedback and suggestions for further enhancements are highly appreciated!
אינדיקטור Pine Script®
מאת ‎str0zzapreti‎
Fair Value Gap [MyTradingCoder]Introducing the "Fair Value Gap" indicator, a powerful tool designed to identify and visualize areas of potential market gaps where leftover orders may reside. This indicator utilizes price action analysis, specifically focusing on fair value gaps that occur between the current candle and the candle two bars prior. The Fair Value Gap indicator draws customizable zones on the chart, representing bullish or bearish areas with distinct green or red colors. These zones highlight market gaps where price action has left a void, indicating the possibility of significant order activity in that region. Key Features: Liquidity Zone: Utilize the Fair Value Gap zones as areas of liquidity, offering potential entry points for trades. Support/Resistance Indicator: Configure the indicator to extend beyond the initial breakout or gap fill, allowing it to act as a support/resistance zone indicator. The Fair Value Gap indicator has several adjustable settings to customize its behavior according to your trading preferences. These settings include: Invalidation Outcome: Choose how the fair value gap zone is treated when it becomes invalidated. Options include: -Stop Updating: Maintain the gap zone in its current state without further updates. -Delete: Completely remove the fair value gap from the screen. Invalidation Method: Determine the logic that invalidates the fair value gap. Options include: -Gap Fill: Visually shrink the zone as price action closes the gap until it is completely filled, at which point it gets deleted entirely. -Number Of Breakouts: Invalidate the gap after a certain number of breaks or flips over the zone's border. Configure the allowed number of breakouts with the "Breakouts Until Invalidation" input. -Age Of Gap: Invalidate the gap after a specified number of bars have passed since its creation. Set the threshold with the "Bars Until Invalidation" input. Color Customization: Customize the appearance of the fair value gap zones with various color inputs, including bullish and bearish border colors, middle line color (shared for both bullish and bearish gaps), bullish and bearish background colors. Line Width: Adjust the width of the border lines and the center line within the fair value gap zone for better visual clarity. Please note that the Fair Value Gap indicator is a valuable tool but should be used alongside other technical analysis methods to make well-informed trading decisions. It does not guarantee profitable trades but aims to provide insights into potential areas of interest. Discover opportunities within market gaps and leverage the power of leftover orders with the Fair Value Gap indicator—an indispensable asset in your trading toolkit.
אינדיקטור Pine Script®
מאת ‎JacobMagleby‎
13
Ema Short Long Indicator[CHE]█ CONCEPTS This Pine Script is an EMA Short Long indicator that displays the crossing EMA lines on the chart. The indicator uses three exponential moving averages (EMAs) to generate the buy and sell signals. The EMA lines are plotted as green (uptrend) and red (downtrend) lines. When the green line is above the white signal line, the indicator generates a buy signal, when the green line is below the white signal line, the indicator generates a sell signal. Arrows are also displayed marking the buy and sell signals. There is also an option to allow indicator repainting or not. Finally, users can also set alerts to be alerted to potential trading opportunities. Note: please do not disable "time frame gaps". Allows to calculate the indicator on a Timeframe (TF) different from that of the chart Time window. The TF should ideally be higher than the charts to provide a broader perspective than the TF of the chart. Using TFs lower than the chart's will deliver fragmentary results, since only the last value of intrabar is displayed (multiple values cannot be displayed for a single chart bar). The Gaps setting determines the behavior when the TF is higher than the TF of the chart. If 'gaps' is checked, higher TF values only come in and are interconnected on the diagram when the higher TF completed. This has the advantage of avoidance Real-time epainting. If Gaps is not enabled, Gaps are filled with the last higher TF value calculated, which will not produce a repaint Values on historical bars but repaint values realtime. █  HOW TO USE IT Load the indicator on an active chart (see the Help Center if you don't know how). Time period By default, the script uses an auto-stepping mechanism to adjust the time period of its moving window to the chart's timeframe. The following table shows chart timeframes and the corresponding time period used by the script. When the chart's timeframe is less than or equal to the timeframe in the first column, the second column's time period is used to calculate the Ema Short Long Indicator : Chart Time timeframe period 1min 🠆 1H 5min 🠆 4H 1H 🠆 1D 4H 🠆 3D 12H 🠆 1W 1D 🠆 1M 1W 🠆 ​3M █  DESCRIPTION The script begins by setting up the chart indicator with a short title, "ESLI", and enabling it as an overlay. It then initializes several variables for time conversions, to be used later in the script. The timeStep_translate() function converts the timeframe of the chart into a string representing a larger time interval, based on the number of seconds in the timeframe. The resulting string is used to label the horizontal axis of the chart. Next, the script defines several input variables that can be modified by the user. These include the colors of the EMA lines and the signals, whether or not the indicator is allowed to repaint (i.e. update past values based on future data), and the number of periods used to calculate the EMA and signal lines. The f_security() function calls the request.security() function to fetch data from the specified security and timeframe, and is used to calculate the EMA and signal lines using the ta.ema() function. The clo variable is assigned the closing price data, adjusted for repainting and timeframe. The EMA line is calculated using a weighted average of the EMA over the specified period and two times that period, as well as three times that period, divided by six. The signal line is calculated as the EMA of the EMA line over the specified period. The col_css variable sets the color of the EMA line based on whether it is currently above or below the signal line. The script then plots the EMA and signal lines, and uses the plotshape() function to indicate long and short signals based on the crossovers and crossunders of the EMA and signal lines. Finally, the script sets up alert conditions using the alertcondition() function to notify the user when a long or short signal is generated, including information about the symbol and closing price. █  SPECIAL THANKS Special thanks to LOXX, I wanted to take a moment to express my gratitude for his valuable input in the EMA calculation. His insights and expertise have greatly helped me in improving my Pine Script coding skills. Thanks to his suggestion, I was able to better understand the EMA formula and implement it effectively in my script. Your generosity in sharing your knowledge and experience is truly appreciated. It is through collaboration and exchanging ideas that we can all grow and become better in our craft. This script provides exact signals that, with suitable additional indicators, provide very good results. Best regards Chervolino
אינדיקטור Pine Script®
מאת ‎chervolino‎
ICT NWOG/NDOG & EHPDA [LuxAlgo]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. 🔶 USAGE New Week/Day Opening Gaps are generally used as potential support or resistance areas. Trader ICT describes that under consolidating market conditions, price tends to revert towards the opening gap area. This is consistent with other analysis suggesting that price has a tendency to come back toward gaps, ultimately looking to fill them. ICT also introduces a novel concept, the "Event Horizon PD Array" (EHPDA) which are intermediary levels constructed from the average between the neighboring NWOGs or NDOGs. EHPDA's are described by ICT as levels that "will not allow price to escape to the NWOG that will create a surge towards the NWOG it got too "close" to but has not yet reached."
אינדיקטור Pine Script®
מאת ‎LuxAlgo‎
33
Fan Projections [theEccentricTrader]█   OVERVIEW This indicator automatically projects trendlines in the shape of a fan, from a single point of origin. In the example above I have applied the indicator twice to the 1D SPXUSD. The seven upper lines (green) are projected at an angle of -5 from the 1-month swing high anchor point. And the five lower lines (blue) are projected at an angle of 10 from the 1-week swing low anchor point. █   CONCEPTS Green and Red Candles • A green candle is one that closes with a high price equal to or above the price it opened. • A red candle is one that closes with a low price that is lower than the price it opened. Swing Highs and Swing Lows • A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak. • A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough. Peak and Trough Prices (Basic) • The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher. • The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower. Historic Peaks and Troughs The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one. Support and Resistance • Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further. • Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further. Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down. It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction. Trendlines Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs. █   FEATURES Inputs • Anchor Point Type • Swing High/Low Occurrence • HTF Resolution • Highest High/Lowest Low Lookback • Angle Degree • Number Lines • Line Color Anchor Point Types • Swing High • Swing Low • Swing High (HTF) • Swing Low (HTF) • Highest High • Lowest Low • Intraday Highest High (intraday charts only) • Intraday Lowest Low (intraday charts only) Swing High/Swing Low Occurrence This input is used to determine which historic peak or trough to reference for swing high or swing low anchor point types. HTF Resolution This input is used to determine which higher timeframe to reference for swing high (HTF) or swing low (HTF) anchor point types. Highest High/Lowest Low Lookback This input is used to determine the lookback length for highest high or lowest low anchor point types. Intraday Highest High/Lowest Low Lookback When using intraday highest high or lowest low anchor point types, the lookback length is calculated automatically based on number of bars since the daily candle opened. Angle Degree This input is used to determine the angle of the trendlines. The output is expressed in terms of point or pips, depending on the symbol type, which is then passed through the built in math.todegrees() function. Positive numbers will project the lines upwards while negative numbers will project the lines downwards. Depending on the market and timeframe, the impact input values will have on the visible gaps between the lines will vary greatly. For example, an input of 10 will have a far greater impact on the gaps between the lines when viewed from the 1-minute timeframe than it would on the 1-day timeframe. The input is a float and as such the value passed through can go into as many decimal places as the user requires. It is also worth mentioning that as more lines are added the gaps between the lines, that are closest to the anchor point, will get tighter as they make their way up the y-axis. Although the gaps between the lines will stay constant at the x2 plot, i.e. a distance of 10 points between them, they will gradually get tighter and tighter at the point of origin as the slope of the lines get steeper. Number Lines This input is used to determine the number of lines to be drawn on the chart, maximum is 500. █   LIMITATIONS All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with. If the lines do not draw or you see a study error saying that the script references too many candles in history, this is most likely because the higher timeframe anchor point is not present on the current timeframe. This problem usually occurs when referencing a higher timeframe, such as the 1-month, from a much lower timeframe, such as the 1-minute. How far you can lookback for higher timeframe anchor points on the current timeframe will also be limited by your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000. █   RAMBLINGS It is my current thesis that the indicator will work best when used in conjunction with my Wavemeter indicator, which can be used to set the angle. For example, the average wave height or amplitude could be used as the value for the angle input. Or some factor or multiple of such an average. I think this makes sense as it allows for objectivity when applying the indicator across different markets and timeframes with different energies and vibrations. “If you want to find the secrets of the universe, think in terms of energy, frequency and vibration.” ― Nikola Tesla
אינדיקטור Pine Script®
מאת ‎theEccentricTrader‎
Price Correction to fix data manipulation and mispricingPrice Correction corrects for index and security mispricing to the extent possible in TradingView on both daily and intraday charts. Price correction addresses mispricing issues for specific securities with known issues, or the user can build daily candles from intraday data instead of relying on exchange reported daily OHLC prices, which can include both legitimate special auction and off-exchange trades or illegitimate mispricing. The user can also detect daily OHLC prices that don’t reflect the intraday price action within a specified percent deviation. Price Correction functions as normal candles or bars for any time frame when correction is not needed. On the 4th of October 2022, the AMEX exchange, owned by the New York Stock Exchange, decided to misprice the daily OHLC data for the SPY, the world’s largest ETF fund. The exchange eliminated the overnight gap that should have occurred in the daily chart that represents regular trading hours by showing a wick connecting near the close of the previous day. Neither the SPX, the SP500 cash index that the SPY ETF tracks, nor other SPX ETFs such as VOO or IVV show such a wick because significant price action at that level never occurred. The intraday SPY chart never shows the price drop below 372.31 that day, but there is a wick that extends to 366.57. On the 6th of October, they continued this practice of using a wick that connects with the close of the previous day to eliminate gaps in daily price action. The objective of this indicator is to fix such inconsistent mispricing practices in the SPY, NYA, and other indices or securities. Price Correction corrects for the daily mispricing in the SPY to agree with the price action that actually occurred in the SPX index it tracks, as well as the other SPX ETFs, by using intraday data. The chart below compares the Price Correction of the SPY (top) to the SPX (middle) and the original mispriced SPY (bottom) with incorrect wicks. Price correction (top) removes those incorrect wicks (bottom) to match the SPX (middle). The daily mispricing of the SPY follows after the successful deployment of the NYSE Composite Index mispricing, NYA, an index that represents all common stocks within the New York Stock Exchange, the largest exchange in the world. The importance of the NYA should not be understated. It is the price counterpart to NYSE’s market internals or statistics. Beginning in 2021, the New York Stock Exchange eliminated gaps in daily OHLC data for the NYA by using the close of the previous day as the open for the following day, in violation of their own NYSE Index Series Methodology. The Methodology states for the opening price that “The first index level is calculated and published around 09:30 ET, when the U.S. equity markets open for their regular trading session. The calculation of that level utilizes the most updated prices available at that moment.” You can verify for yourself that this is simply not the case. The first update of the NYA price for each day matches the close of the previous day, not the “most updated prices available at that moment”, causing data providers to often represent the first intraday bar with a huge sudden price change when an overnight price change occurred instead. For example, on 13 Jun 2022, TradingView shows a one-minute bar drop 2.3%. With a market capitalization of roughly 23 trillion dollars, the NYSE composite capitalization did not suddenly drop a half-trillion dollars in just one minute as the intraday chart data would have you believe. All major US indices, index ETFs, and even foreign indices like the Toronto TAX, the Australian ASXAL, the Bombay SENSEX, and German DAX had down gaps that day, except for the mispriced NYSE index. Price Correction corrects for this mispricing in daily OHLC data, as shown in the main chart at the top of this page comparing the original NYA (top) to the Price Corrected NYA (bottom). Price Correction also corrects for the intraday mispricing in the NYA. The chart below shows how the Price Correction (top) replaces the incorrect first one-minute candles with gaps (bottom) from 22 Sep 2022 to 29 Sep 2022. TradingView is inconsistent in how intraday data is reported for overnight gaps by sometimes connecting the first intraday bar of the day to the close of the previous day, and other times not. This inconsistency may be due to manually changing the intraday data based on user support tickets. For example, after reporting the lack of a major gap in the NYA daily OHLC prices that existed intraday for 13 Jun 2022, TradingView opted to remove the true gap in intraday prices by creating a 2.3% half-a-trillion-dollar one-minute bar that connected the close of the previous day to show a sudden drop in price that didn’t occur, instead of adding the gap in the daily OHLC data that actually took place from overnight price action. Price Correction allows users to detect daily OHLC data that does not reflect the intraday price action within a certain percent difference by changing the color of those candles or bars that deviate. The chart below clearly shows the start of the NYSE disinformation campaign for NYA that started in 2021 by painting blue those candles with daily OHLC values that deviated from the intraday values by 0.1%. Before 2021, the number of deviating candles is relatively sparse, but beginning in 2021, the chart is littered with deviating candles. If there are other index or security mispricing or data issues you are aware of that can be incorporated into Price Correction, please let me know. Accurate financial data is indispensable in making accurate financial decisions. Assert your right to accurate financial data by reporting incorrect data and mispricing issues. How to use the Price Correction Simply add this “indicator” to your chart and remove the mispriced default candles or bars by right clicking on the chart, selecting Settings, and de-selecting Body, Wick, and Border under the Symbol tab. The Presets settings automatically takes care of mispricing in the NYA and SPY to the extent possible in TradingView. The user can also build their own daily candles based off of intraday data to address other securities that may have mispricing issues.
אינדיקטור Pine Script®
מאת ‎Techotomy‎
5
Fair Value Gap [LuxAlgo]Fair value gaps (FVG) highlight imbalances areas between market participants and have become popular amongst technical analysts. The following script aims to display fair value gaps alongside the percentage of filled gaps and the average duration (in bars) before gaps are filled. Users can be alerted when an FVG is filled using the alerts built into this script. 🔶 USAGE In practice, FVG's highlight areas of support (bullish FVG) and resistances (bearish FVG). Once a gap is filled, suggesting the end of the imbalance, we can expect the price to reverse. This approach is more contrarian in nature, users wishing to use a more trend-following approach can use the identification of FVG as direct signals, going long with the identification of a bullish FVG, and short with a bearish FVG. 🔹 Mitigation By default, the script highlights the areas of only unmitigated FVG's. Users can however highlight the mitigation level of mitigated FVG's, that is the lower extremity of bullish FVG's and the upper extremity of bearish FVG's. The user can track the evolution of a mitigated FVG's using the "Dynamic" setting. 🔹 Threshold The gap height can be used to determine the degree of imbalance between buying and selling market participants. Users can filter fair value gaps based on the gap height using the "Threshold %" setting. Using the "Auto" will make use of an automatic threshold, only keeping more volatile FVG's. 🔶 DETAILS We use the following rules for detecting FVG's in this script: Bullish FVG low > high(t-2) close(t-1) > high(t-2) (low - high(t-2)) / high(t-2) > threshold Upper Bullish FVG = low Lower Bullish FVG = high(t-2) Bearish FVG high < low(t-2) close(t-1) < low(t-2) (low(t-2) - high) / high < -threshold Upper Bearish FVG = low(t-2) Lower Bearish FVG = high 🔶 SETTINGS Threshold %: Threshold percentage used to filter our FVG's based on their height. Auto Threshold: Use the cumulative mean of relative FVG heights as threshold. Unmitigatted Levels: Extent the mitigation level of the number of unmitigated FVG's set by the user. Mitigation Levels: Show the mitigation levels of mitigated FVG's. Timeframe : Timeframe of the price data used to detect FVG's.
אינדיקטור Pine Script®
מאת ‎LuxAlgo‎
69
ADX MTF mura visionOverview ADX MTF — mura vision measures trend strength and visualizes a higher-timeframe (HTF) ADX on any chart. The current-TF ADX is drawn as a line; the HTF ADX is rendered as “step” segments to reflect closed HTF bars without repainting. Optional soft fills highlight the 20–25 (trend forming) and 40–50 (strong trend) zones. How it works ADX (current TF) : Classic Wilder formulation using DI components and RMA smoothing. HTF ADX : Requested via request.security(..., lookahead_off, gaps_off). When a new HTF bar opens, the previous value is frozen as a horizontal segment. The current HTF bar is shown as a live moving segment. This staircase look is expected on lower timeframes. Auto timeframe mapping If “Auto” is selected, the HTF is derived from the chart TF: <30m → 60m, 30–<240m → 240m, 240m–<1D → 1D, 1D → 1W, 1W/2W → 1M, ≥1M → same. Inputs DI Length and ADX Smoothing — core ADX parameters. Higher Time Frame — Auto or a fixed TF. Line colors/widths for current ADX and HTF ADX. Fill zone 20–25 and Fill zone 40–50 — optional light background fills. Number of HTF ADX Bars — limits stored HTF segments to control chart load. Reading the indicator ADX < 20: typically range-bound conditions; trend setups require extra caution. 20–25: trend emergence; breakouts and continuation structures gain validity. 40–50: strong trend; favor continuation and manage with trailing stops. >60 and turning down: possible trend exhaustion or transition toward range. Note: ADX measures strength, not direction. Combine with your directional filter (e.g., price vs. MA, +DI/−DI, structure/levels). Non-repainting behavior HTF values use lookahead_off; closed HTF bars are never revised. The only moving piece is the live segment for the current HTF bar. Best practices Use HTF ADX as a regime filter; time entries with the current-TF ADX rising through your threshold. Pair with ATR-based stops and a MA/structure filter for direction. Consider higher thresholds on highly volatile altcoins. Performance notes The script draws line segments for HTF bars. If your chart becomes heavy, reduce “Number of HTF ADX Bars.” Disclaimer This script is for educational purposes only and does not constitute financial advice. Trading involves risk.
אינדיקטור Pine Script®
מאת ‎trading_mura‎
RSI Multi Time FrameWhat it is A clean, two-layer RSI that shows your chart-timeframe RSI together with a higher-timeframe (HTF) RSI on the same pane. The HTF line is drawn as a live segment plus frozen “steps” for each completed HTF bar, so you can see where the higher timeframe momentum held during your lower-timeframe bars. How it works Auto HTF mapping (when “Auto” is selected): Intraday < 30m → uses 60m (1-hour) RSI 30m ≤ tf < 240m (4h) → uses 240m (4-hour) RSI 240m ≤ tf < 1D → uses 1D RSI 1D → uses 1W RSI 1W or 2W → uses 1M RSI ≥ 1M → keeps the same timeframe The HTF series is requested with request.security(..., gaps_off, lookahead_off), so values are confirmed bar-by-bar. When a new HTF bar begins, the previous value is “frozen” as a horizontal segment; the current HTF value is shown by a short moving segment and a small dot (so you can read the last value easily). Visuals Current RSI (chart TF): solid line (color/width configurable). HTF RSI: same-pane line + tiny circle for the latest value; historical step segments show completed HTF bars. Guides: dashed 70 / 30 bands, dotted 60/40 helpers, dashed 50 midline. Inputs Higher Time Frame: Auto or a fixed TF (1, 3, 5, 10, 15, 30, 45, 60, 120, 180, 240, 360, 480, 720, D, W, 2W, M, 3M, 6M, 12M). Length: RSI period (default 14). Source: price source for RSI. RSI / HTF RSI colors & widths. Number of HTF RSI Bars: how many frozen HTF segments to keep. Reading it Alignment: When RSI (current TF) and HTF RSI both push in the same direction, momentum is aligned across frames. Divergence across frames: Current RSI failing to confirm HTF direction can warn about chops or early slowdowns. Zones: 70/30 boundaries for classic overbought/oversold; 60/40 can be used as trend bias rails; 50 is the balance line. This is a context indicator, not a signal generator. Combine with your entry/exit rules. Notes & limitations HTF values do not repaint after their bar closes (lookahead is off). The short “live” segment will evolve until the HTF bar closes — this is expected. Very small panels or extremely long histories may impact performance if you keep a large number of HTF segments. Credits Original concept by LonesomeTheBlue; Pine v6 refactor and auto-mapping rules by trading_mura. Suggested use Day traders: run the indicator on 5–15m and keep HTF on Auto to see 1h/4h momentum. Swing traders: run it on 1h–4h and watch the daily HTF. Position traders: run on daily and watch the weekly HTF. If you find it useful, a ⭐ helps others discover it.
אינדיקטור Pine Script®
מאת ‎trading_mura‎
PumpC PAC & MAsPumpC – PAC & MAs (Open Source) A complete Price Action Candles (PAC) toolkit combining classical price action patterns (Fair Value Gaps, Inside Bars, Hammers, Inverted Hammers, and Volume Imbalances) with a flexible Moving Averages (MAs) module and an advanced bar-coloring system. This script highlights supply/demand inefficiencies and micro-patterns with forward-extending boxes, recolors zones when mitigated, qualifies patterns with a global High-Volume filter, and ships with ready-to-use alerts. It works across intraday through swing trading on any market (e.g., NASDAQ:QQQ , $CME:ES1!, FX:EURUSD , BITSTAMP:BTCUSD ). This is an open-source script. The description is detailed so users understand what the script does, how it works, and how to use it. It makes no performance claims and does not provide trade advice. Acknowledgment & Credits This script originates from the structural and box-handling logic found in the Super OrderBlock / FVG / BoS Tools by makuchaku & eFe. Their pioneering framework provided the base methods for managing arrays of boxes, extending zones forward, and recoloring once mitigated. Building on that foundation, I have substantially expanded and adapted the code to create a unified Price Action Candles toolkit . This includes Al Brooks–inspired PAC logic, additional patterns like Inside Bars, Hammers, Inverted Hammers, and the new Volume Imbalance module, along with strong-bar coloring, close-threshold detection, a flexible global High-Volume filter, and a multi-timeframe Moving Averages system. What it does Fair Value Gaps (FVG) : Detects 3-bar displacement gaps, plots forward-extending boxes, and optionally recolors them once mitigated. Inside Bars (IB) : Highlights bars fully contained within the prior candle’s range, with optional high-volume filter. Hammers (H) & Inverted Hammers (IH) : Identifies rejection candles using configurable body/upper/lower wick thresholds. High-volume qualification optional. Volume Imbalances (VI) : Detects inter-body gaps where one candle’s body does not overlap the prior candle’s body. Boxes extend forward until wick-based mitigation occurs (only after the two-bar formation completes). Alerts available for creation and mitigation. Mitigation Recolor : Each pattern can flip to a mitigated color once price trades back through its vertical zone. Moving Averages (MAs) : Four configurable EMAs/SMAs, with per-MA timeframe, length, color, and clutter-free plotting rules. Strong Bar Coloring : Highlights bullish/bearish engulfing reversals with different colors for high-volume vs low-volume cases. Close Threshold Bars : Marks candles that close in the top or bottom portion of their range, even if the body is small. Helps spot continuation pressure before a full trend bar forms. Alerts : Notifications available for FVG+, FVG−, IB, H, IH, VI creation, and VI mitigation. Connection to Al Brooks’ PAC teachings This script reflects Al Brooks’ Price Action Candle methodology. PAC patterns like Inside Bars, Hammers, and Inverted Hammers are not trade signals on their own—they gain meaning in context of trend, failed breakouts, and effort vs. result. By layering in volume imbalances, strong-bar reversals, and volume filters, this script focuses attention on the PACs that show true participation and conviction, aligning with Brooks’ emphasis on reading crowd psychology through price action. Why the High-Volume filter matters Volume is a key proxy for conviction. A PAC or VI formed on light volume can be misleading noise; one formed on above-average volume carries more weight. Elevates Inside Bars that show absorption/compression with heavy activity. Distinguishes Hammers that reject price aggressively vs. weak drifts. Filters Inverted Hammers to emphasize true supply pressure. Highlights VI zones where institutional order flow left inefficiencies. Differentiates strong engulfing reversals from weaker, low-participation moves. Inputs & Customization Inputs are grouped logically for fast configuration: High-Volume Filter : Global lookback & multiple, per-pattern toggles. FVG : Visibility, mitigated recolor, box style/transparency, label controls. IB : Visibility, require high volume, mitigated recolor, colors, label settings. Hammer / IH : Visibility, require high volume, mitigated recolor, wick/body thresholds. VI : Visibility, require high volume, mitigated recolor, box style, labels, mitigation alerts. Strong Bars : Enable/disable, separate colors for high-volume and low-volume outcomes. Close Threshold Bars : Customizable close thresholds, labels, optional count markers. MAs : EMA/SMA type, per-MA toggle, length, timeframe, color. Alerts New Bullish FVG (+) New Bearish FVG (−) New Inside Bar (IB) New Hammer (H) New Inverted Hammer (IH) New Volume Imbalance (VI) VI Mitigated Strong Bullish Engulfing / Bearish Engulfing (high- and low-volume variants) Suggested workflow Choose your market & timeframe (script works across equities, futures, FX, crypto). Toggle only the PACs you actually trade. Assign distinct colors for clarity. Use MAs for directional bias and higher timeframe structure. Enable High-Volume filters when you want to emphasize conviction. Watch mitigation recolors to see which levels/zones have been interacted with. Use alerts selectively for setups aligned with your plan. Originality Builds upon Super OrderBlock / FVG / BoS Tools (makuchaku & eFe) for FVG/box framework. Expanded into a unified PAC toolkit including IB, H, IH, and VI patterns. Brooks-inspired design: Patterns contextualized with volume and trend, not isolated. Flexible high-volume gating with per-pattern toggles. New VI integration with wick-based mitigation. Strong Bar Coloring differentiates conviction vs weak reversals. MTF-aware MAs prevent clutter while providing structure. Open-source: Transparent for learning, editing, and extension. Disclaimer For educational and informational purposes only. This script is not financial advice. Trading carries risk—always test thoroughly before live use.
אינדיקטור Pine Script®
מאת ‎PumpCTrader‎
2
Sunmool's Next Day Model FVG AlertNY Killzone FVG Alert - ICT Fair Value Gap Detection Indicator This comprehensive Pine Script indicator is specifically designed for traders following ICT (Inner Circle Trader) methodology and Smart Money Concepts. The indicator automatically detects Fair Value Gaps (FVG) that occur during the New York Killzone session, providing real-time alerts when these critical market imbalances are identified. Key Features: 🎯 Fair Value Gap Detection Automatically identifies bullish and bearish Fair Value Gaps using the classic 3-candle pattern Filters gaps based on customizable minimum size thresholds to avoid insignificant imbalances Provides visual representation through colored boxes and labels for easy identification ⏰ New York Killzone Focus Specifically monitors the NY Killzone session (default: 7:00 AM - 10:00 AM EST) Fully customizable session times to accommodate different trading preferences Only detects FVGs when all three candles forming the gap occur within the killzone timeframe 📅 ICT Next Day Model Compliance Automatically excludes Mondays from FVG detection as per ICT Next Day Model principles Optional Monday exclusion can be toggled on/off based on trading strategy Ensures alignment with professional ICT trading methodologies 🔔 Advanced Alert System Three distinct alert conditions: Bullish FVG, Bearish FVG, and Combined alerts Customizable alert messages for different notification preferences Compatible with TradingView's full alert system including email, SMS, and webhook notifications 🎨 Visual Customization Adjustable colors for bullish and bearish FVG boxes Configurable box extension length for better visualization Optional background highlighting during killzone sessions Clean, professional chart presentation that doesn't clutter your analysis 📊 Technical Specifications Works on all timeframes, though most effective on intraday charts (1m, 5m, 15m) Timezone-aware calculations ensure accurate session detection globally Efficient code structure minimizes processing load and chart lag Compatible with other indicators and doesn't interfere with existing chart setups 🎯 Ideal For: ICT methodology traders seeking automated FVG detection Smart Money Concepts practitioners Scalpers and day traders focusing on NY session Traders looking to identify high-probability entry zones Anyone interested in market structure and liquidity concepts 📈 Trading Applications: Fair Value Gaps often serve as areas where price may return to "fill" the imbalance, making them excellent zones for: Potential reversal areas Take profit targets Stop loss placement reference points Market structure analysis Confluence with other ICT concepts ⚙️ Customizable Parameters: FVG minimum size filter Killzone session start/end times Visual display options Alert preferences Color schemes and styling options This indicator brings institutional trading concepts to retail traders, helping identify the same market inefficiencies that smart money targets. By focusing specifically on the New York Killzone - one of the most liquid and volatile trading sessions - it provides high-quality signals during optimal market conditions. Whether you're new to ICT concepts or an experienced trader looking to automate your FVG detection, this indicator provides the precision and reliability needed for professional trading analysis.
אינדיקטור Pine Script®
מאת ‎sunmool_‎
Fractals + FVG [Combined]Звісно, ось варіант опису англійською, який можна використати для публікації індикатора в TradingView. Description This script combines two powerful and widely-used trading concepts into a single, comprehensive indicator: Bill Williams Fractals with dynamic support/resistance lines and Fair Value Gaps (FVG) based on the popular logic from LuxAlgo. The goal is to provide a cleaner chart by merging two essential tools, allowing traders to analyze market structure and imbalances simultaneously. Features 1. Williams Fractals with Invalidation Lines This part of the indicator identifies classic Bill Williams fractals and enhances them with a unique visualization feature. Fractal Detection: Automatically identifies both bullish (bottom) and bearish (top) fractals. You can choose between a 3-bar or 5-bar pattern in the settings. Dynamic S/R Lines: A horizontal line is automatically drawn from every confirmed fractal, acting as a potential support or resistance level. Automatic Invalidation: A line is considered "invalidated" or breached when the body of a candle closes past it. When this happens, the line stops extending, changes its color to the "invalidated" color, and remains on the chart as a historical reference. This provides a clear, objective signal that a level has been broken. Customization: You can fully customize the colors for the support, resistance, and invalidated lines to match your chart theme. 2. Fair Value Gaps (FVG) / Imbalance This module incorporates the robust FVG detection logic from LuxAlgo to automatically identify and display market imbalances. FVG Detection: Highlights bullish and bearish Fair Value Gaps on the chart with colored boxes, representing inefficiencies in price delivery. Automatic Mitigation: The FVG boxes are automatically removed from the chart once the price has "mitigated" or filled the gap, keeping your workspace clean and focused on active imbalances. Multi-Timeframe (MTF): You can set the indicator to find and display FVGs from a higher timeframe directly on your current chart. Dashboard: An optional on-screen dashboard provides a quick summary of the total count of bullish/bearish FVGs and the percentage that have been mitigated. Full Customization: Control the colors of FVG boxes, extend their length, and configure other visual style settings. How to Use Fractal Lines: Use the active support and resistance lines as key levels for potential bounces or breaks. A line's invalidation can serve as confirmation of a shift in market structure. FVG Zones: Fair Value Gaps often act as "magnets" for price. Use these zones as potential targets for your trades or as areas of interest for entries when price retraces to fill the imbalance. Combined Strategy: The true power of this indicator comes from combining both concepts. For example, a bullish FVG forming near a key fractal support level can create a high-probability confluence zone for a long entry. Similarly, a break and invalidation of a fractal resistance line might signal that price is heading towards the next bearish FVG above. This indicator is a tool for analysis and should be used in conjunction with your own trading strategy and risk management rules.
אינדיקטור Pine Script®
מאת ‎enlil_analytics‎
Nifty50 Swing Trading Super Indicator# 🚀 Nifty50 Swing Trading Super Indicator - Complete Guide **Created by:** Gaurav **Date:** August 8, 2025 **Version:** 1.0 - Optimized for Indian Markets --- ## 📋 Table of Contents 1. (#quick-start-guide) 2. (#indicator-overview) 3. (#installation-instructions) 4. (#parameter-settings) 5. (#signal-interpretation) 6. (#trading-strategy) 7. (#risk-management) 8. (#optimization-tips) 9. (#troubleshooting) --- ## 🎯 Quick Start Guide ### What You Get ✅ **2 Complete Pine Script Indicators:** - `swing_trading_super_indicator.pine` - Universal version for all markets - `nifty_optimized_super_indicator.pine` - Specifically optimized for Nifty50 & Indian stocks ✅ **Key Features:** - Multi-component signal confirmation system - Optimized for daily and 3-hour timeframes - Built-in risk management with dynamic stops and targets - Real-time signal strength monitoring - Gap analysis for Indian market characteristics ### Immediate Setup 1. Copy the Pine Script code from `nifty_optimized_super_indicator.pine` 2. Paste into TradingView Pine Editor 3. Add to chart on daily or 3-hour timeframe 4. Look for 🚀BUY and 🔻SELL signals 5. Use the information table for signal confirmation --- ## 🔍 Indicator Overview ### Core Components Integration **🎯 Range Filter (35% Weight)** - Primary trend identification using adaptive volatility filtering - Optimized sampling period: 21 bars for Indian market volatility - Enhanced range multiplier: 3.0 to handle market gaps - Provides trend direction and strength measurement **⚡ PMAX (30% Weight)** - Volatility-adjusted trend confirmation using ATR-based calculations - Dynamic multiplier adjustment based on market volatility - 14-period ATR with 2.5 multiplier for swing trading sensitivity - Offers trailing stop functionality **🏗️ Support/Resistance (20% Weight)** - Dynamic level identification using pivot point analysis - Tighter channel width (3%) for precise Indian market levels - Enhanced strength calculation with historical interaction weighting - Provides entry/exit timing and breakout signals **📊 EMA Alignment (15% Weight)** - Multi-timeframe moving average confirmation - Key EMAs: 9, 21, 50, 200 (popular in Indian markets) - Hierarchical alignment scoring for trend strength - Additional trend validation layer ### Advanced Features **🌅 Gap Analysis** - Automatic detection of significant price gaps (>2%) - Gap strength measurement and impact on signals - Specific optimization for Indian market overnight gaps - Visual gap markers on chart **⏰ Multi-Timeframe Integration** - Higher timeframe bias from daily/weekly data - Configurable daily bias weight (default 70%) - 3-hour confirmation for precise entry timing - Prevents counter-trend trades against major timeframe **🛡️ Risk Management** - Dynamic stop-loss calculation using multiple methods - Automatic profit target identification - Position sizing guidance based on signal strength - Anti-whipsaw logic to prevent false signals --- ## 📥 Installation Instructions ### Step 1: Access TradingView 1. Open TradingView.com 2. Navigate to Pine Editor (bottom panel) 3. Create a new indicator ### Step 2: Copy the Code **For Nifty50 & Indian Stocks (Recommended):** ```pinescript // Copy entire content from nifty_optimized_super_indicator.pine ``` **For Universal Use:** ```pinescript // Copy entire content from swing_trading_super_indicator.pine ``` ### Step 3: Configure and Apply 1. Click "Add to Chart" 2. Select daily or 3-hour timeframe 3. Adjust parameters if needed (defaults are optimized) 4. Enable alerts for signal notifications ### Step 4: Verify Installation - Check that all components are visible - Confirm information table appears in top-right - Test with known trending stocks for signal validation --- ## ⚙️ Parameter Settings ### 🎯 Range Filter Settings ``` Sampling Period: 21 (optimized for Indian market volatility) Range Multiplier: 3.0 (handles overnight gaps effectively) Source: Close (most reliable for swing trading) ``` ### ⚡ PMAX Settings ``` ATR Length: 14 (standard for daily/3H timeframes) ATR Multiplier: 2.5 (balanced for swing trading sensitivity) Moving Average Type: EMA (responsive to price changes) MA Length: 14 (matches ATR period for consistency) ``` ### 🏗️ Support/Resistance Settings ``` Pivot Period: 8 (shorter for Indian market dynamics) Channel Width: 3% (tighter for precise levels) Minimum Strength: 3 (higher quality levels only) Maximum Levels: 4 (focus on strongest levels) Lookback Period: 150 (sufficient historical data) ``` ### 🚀 Super Indicator Settings ``` Signal Sensitivity: 0.65 (balanced for swing trading) Trend Strength Requirement: 0.75 (high quality signals) Gap Threshold: 2.0% (significant gap detection) Daily Bias Weight: 0.7 (strong higher timeframe influence) ``` ### 🎨 Display Options ``` Show Range Filter: ✅ (trend visualization) Show PMAX: ✅ (trailing stops) Show S/R Levels: ✅ (key price levels) Show Key EMAs: ✅ (trend confirmation) Show Signals: ✅ (buy/sell alerts) Show Trend Background: ✅ (visual trend state) Show Gap Markers: ✅ (gap identification) ``` --- ## 📊 Signal Interpretation ### 🚀 BUY Signals **Requirements for BUY Signal:** - Price above Range Filter with upward trend - PMAX showing bullish direction (MA > PMAX line) - Support/resistance breakout or favorable positioning - EMA alignment supporting upward movement - Higher timeframe bias confirmation - Overall signal strength > 75% **Signal Strength Indicators:** - **90-100%:** Extremely strong - Maximum position size - **80-89%:** Very strong - Large position size - **75-79%:** Strong - Standard position size - **65-74%:** Moderate - Reduced position size - **<65%:** Weak - Wait for better opportunity ### 🔻 SELL Signals **Requirements for SELL Signal:** - Price below Range Filter with downward trend - PMAX showing bearish direction (MA < PMAX line) - Resistance breakdown or unfavorable positioning - EMA alignment supporting downward movement - Higher timeframe bias confirmation - Overall signal strength > 75% ### ⚖️ NEUTRAL Signals **Characteristics:** - Conflicting signals between components - Low overall signal strength (<65%) - Range-bound market conditions - Wait for clearer directional bias ### 📈 Information Table Guide **Component Status:** - **BULL/BEAR:** Current signal direction - **Strength %:** Component contribution strength - **Status:** Additional context (STRONG/WEAK/ACTIVE/etc.) **Overall Signal:** - **🚀 STRONG BUY:** All systems aligned bullish - **🔻 STRONG SELL:** All systems aligned bearish - **⚖️ NEUTRAL:** Mixed or weak signals --- ## 💼 Trading Strategy ### Daily Timeframe Strategy **Setup:** 1. Apply indicator to daily chart of Nifty50 or Indian stocks 2. Wait for 🚀BUY or 🔻SELL signal with >75% strength 3. Confirm higher timeframe bias alignment 4. Check for significant support/resistance levels **Entry:** - Enter on signal bar close or next bar open - Use 3-hour chart for precise entry timing - Avoid entries during major news events - Consider gap analysis for overnight positions **Position Sizing:** - **>90% Strength:** 3-4% of portfolio - **80-89% Strength:** 2-3% of portfolio - **75-79% Strength:** 1-2% of portfolio - **<75% Strength:** Avoid or minimal size ### 3-Hour Timeframe Strategy **Setup:** 1. Confirm daily timeframe bias first 2. Apply indicator to 3-hour chart 3. Look for signals aligned with daily trend 4. Use for entry/exit timing optimization **Entry Refinement:** - Wait for 3H signal confirmation - Enter on pullbacks to key levels - Use tighter stops for better risk/reward - Monitor intraday support/resistance ### Risk Management Rules **Stop Loss Placement:** 1. **Primary:** Use indicator's dynamic stop level 2. **Secondary:** Below/above nearest support/resistance 3. **Maximum:** 2-3% of portfolio per trade 4. **Trailing:** Move stops with PMAX line **Profit Taking:** 1. **Target 1:** First resistance/support level (50% position) 2. **Target 2:** Second resistance/support level (30% position) 3. **Runner:** Trail remaining 20% with PMAX **Position Management:** - Review positions at daily close - Adjust stops based on new signals - Exit if trend changes to opposite direction - Reduce size during high volatility periods --- ## 🎯 Optimization Tips ### For Nifty50 Trading - Use daily timeframe for primary signals - Monitor sector rotation impact - Consider index futures for better liquidity - Watch for RBI policy and global cues impact ### For Individual Stocks - Verify stock follows Nifty correlation - Check sector-specific news and events - Ensure adequate liquidity for position size - Monitor earnings calendar for volatility ### Market Condition Adaptations **Trending Markets:** - Increase position sizes for strong signals - Use wider stops to avoid whipsaws - Focus on trend continuation signals - Reduce counter-trend trading **Range-Bound Markets:** - Reduce position sizes - Use tighter stops and quicker profits - Focus on support/resistance bounces - Increase signal strength requirements **High Volatility Periods:** - Reduce overall exposure - Use smaller position sizes - Increase stop-loss distances - Wait for clearer signals ### Performance Monitoring - Track win rate and average profit/loss - Monitor signal quality over time - Adjust parameters based on market changes - Keep trading journal for pattern recognition --- ## 🔧 Troubleshooting ### Common Issues **Q: Signals appear too frequently** A: Increase "Trend Strength Requirement" to 0.8-0.9 **Q: Missing obvious trends** A: Decrease "Signal Sensitivity" to 0.5-0.6 **Q: Too many false signals** A: Enable "3H Confirmation" and increase strength requirements **Q: Indicator not loading** A: Check Pine Script version compatibility (requires v5) ### Parameter Adjustments **For More Sensitive Signals:** - Decrease Signal Sensitivity to 0.5-0.6 - Decrease Trend Strength Requirement to 0.6-0.7 - Increase Range Filter multiplier to 3.5-4.0 **For More Conservative Signals:** - Increase Signal Sensitivity to 0.7-0.8 - Increase Trend Strength Requirement to 0.8-0.9 - Enable all confirmation features ### Performance Issues - Reduce lookback periods if chart loads slowly - Disable some visual elements for better performance - Use on liquid stocks/indices for best results --- ## 📞 Support & Updates This super indicator combines the best of Range Filter, PMAX, and Support/Resistance analysis specifically optimized for Indian market swing trading. The multi-component approach significantly improves signal quality while the built-in risk management features help protect capital. **Remember:** No indicator is 100% accurate. Always combine with proper risk management, market analysis, and your trading experience for best results. **Happy Trading! 🚀**
אינדיקטור Pine Script®
מאת ‎WinningTurtle‎
FVG 9:31–10:00 AM ETFVG 9:31–10:00 AM ET - Script Description What This Script Does This indicator finds **Fair Value Gaps (FVGs)** that form during the first 29 minutes of the U.S. stock market (9:31 AM to 10:00 AM Eastern Time). A Fair Value Gap is a price imbalance where there's a gap between candles that often becomes an important support or resistance level. Key Features: - **Time Window**: Only looks for FVGs between 9:31-10:00 AM ET (most important opening period) - **One Per Day**: Finds only the first FVG that forms in this time window each day - **Visual Display**: Draws a purple box around the gap with a clear "FVG" label - **Price Tracking**: Monitors when price comes back to test the gap level - **Alert System**: Sends notifications when price returns to the FVG zone How FVGs Are Detected: - **Bullish FVG**: When there's a gap up (low of middle candle is above high of 3rd candle back) - **Bearish FVG**: When there's a gap down (high of middle candle is below low of 3rd candle back) The 9:31-10:00 AM window is chosen because this is when institutions and algorithms create their biggest price moves right after market open, making these gaps very reliable. Customization Options User Settings Extend FVG Box (Bars) - **What it does**: Makes the purple box longer to the right - **Default**: 0 (box ends right after the gap forms) - **Options**: Any number from 0 to 100+ - **When to use**: - Keep at 0 for clean historical view - Set to 10-20 to track the gap during the current session - Set higher for longer reference Code Settings (Can Be Changed) Time Window - **Start**: 9:31 AM Eastern Time - **End**: 10:00 AM Eastern Time - **Can modify**: Change the hour/minute numbers in the code Visual Style - **Color**: Purple with see-through background - **Label**: Shows "FVG" text in white - **Can modify**: Change colors and transparency in the code How to Use: Setup Chart Settings 1. Use 1-minute, 5-minute, or 15-minute charts (works best on these timeframes) 2. Apply to liquid markets like ES, NQ, major stocks, or forex pairs 3. Set the "Extend FVG Box" to your preference (start with 0 or 10) What You'll See - A purple box appears when an FVG forms during 9:31-10:00 AM - Box shows the exact price levels of the gap - "FVG" label appears on the box - Only one FVG per day will be marked Trading Strategies Basic FVG Trading 1. **Wait for Formation**: Let the purple box appear during 9:31-10:00 AM 2. **Watch Price Movement**: See if price moves away from the gap 3. **Enter on Retest**: When price comes back to the purple box area, consider entering 4. **Trade Direction**: - Bullish FVG = look for long opportunities when price retests - Bearish FVG = look for short opportunities when price retests Entry Methods - **Bounce Play**: Enter when price touches the FVG box and bounces away - **Break Play**: Enter if price strongly breaks through the FVG box - **Rejection Play**: Enter opposite direction if price gets rejected at the FVG Risk Management Stop Losses - Place stops just outside the FVG box (a few ticks beyond the gap) - If trading a bounce, stop goes on opposite side of the gap - If trading a break, stop goes back inside the gap Position Sizing - Start small until you understand how FVGs work in your market - Bigger gaps = smaller position size (more risk) - Smaller gaps = can use larger position size Profit Targets - Take profits at obvious levels like round numbers, previous highs/lows - Consider taking half profits at 1:1 risk/reward ratio - Let some position run if the move is strong Best Practices When It Works Best - High-volume stocks and futures (ES, NQ work great) - Normal market days without major news during the 9:31-10:00 window - When there's clear institutional activity in the opening period When to Be Careful - Low-volume stocks or markets - Major economic news releases during the time window - Market holidays when volume is low - Very choppy or sideways days Alert Usage - The script will alert you when price comes back to test the FVG - Don't trade the alert blindly - always check the current market situation - Use the alert as a heads-up to start watching the setup more closely Tips for Success - The earlier the FVG forms in the 9:31-10:00 window, often the more significant it is - FVGs that form with high volume are usually more reliable - Always consider the overall market direction - don't fight the main trend - Practice on paper first to understand how FVGs behave in your chosen market 🔗 Works Best With: ✅ Liquidity Levels — Smart Swing Lows: Spot key structural lows that can fuel stop hunts and reversals. ✅ ICT Turtle Soup — Liquidity Reversal: Add a classic reversal pattern to your toolkit to catch fakeouts cleanly. ✅ ICT SMC Liquidity Grabs and OBs- Liquidity Grabs, Order Block Zones, and Fibonacci OTE Levels, allowing traders to identify institutional entry models with clean, rule-based visual signals. This script is most valuable for day traders who want to catch institutional moves right after market open, but it can also help swing traders identify important intraday levels. ✅ ICT Macro Zones (Grey Box Version)- It tracks real-time highs and lows for each Silver Bullet session. ✅ Weekly Opening Gap (cryptonnnite)
אינדיקטור Pine Script®
מאת ‎MrWoof888‎
Neuracap Gap AnalysisThe Neuracap Gap Analysis indicator is a comprehensive tool designed to identify and track price gaps, special candlestick patterns, and high-volume breakout signals. It combines multiple trading strategies into one powerful indicator for gap trading, pattern recognition, and momentum analysis. 🎯 What This Indicator Does 1. Gap Detection & Tracking Automatically identifies price gaps (up and down) Tracks gap fills with visual boxes that extend until closed Manages gap history with customizable limits Color-coded visualization (Green = Gap Up, Red = Gap Down) 2. Upside Tasuki Gap Pattern Identifies the bullish continuation pattern Colors candles yellow when pattern is detected Confirms trend continuation signals 3. Episodic Pivot Detection High-volume breakout identification EMA filter ensures signals only in uptrends Strong momentum confirmation Fuchsia-colored candles with arrow markers 🔍 How to Use for Trading 📈 Gap Trading Strategy Gap Up Trading: Wait for gap up (green box appears) Check volume - Higher volume = stronger signal Entry options: Aggressive: Enter at market open Conservative: Wait for pullback to gap level Stop loss: Below the gap fill level Target: Previous resistance or 2:1 risk/reward Gap Down Trading: Identify gap down (red box appears) Look for bounce opportunities Entry: When price shows reversal signs Stop: Below recent lows Target: Gap fill level 💫 Tasuki Gap Strategy Yellow candle indicates bullish continuation Confirms uptrend is likely to continue Entry: On next candle after pattern Stop: Below the gap low Target: Next resistance level 🚀 Episodic Pivot Strategy Fuchsia candle + arrow = High probability breakout All conditions met: Price above EMA 20, 50, 200 High volume (2x+ average) Strong price move (4%+) Entry: At close or next open Stop: Below EMA 20 or recent swing low Target: Measured move or next resistance 📊 Reading the Visual Signals Gap Boxes 🟢 Green Box: Gap up - potential bullish continuation 🔴 Red Box: Gap down - potential bounce or bearish continuation Box extends until gap is filled Box disappears when gap closes Candle Colors 🟡 Yellow: Tasuki gap pattern (bullish continuation) 🟪 Fuchsia: Episodic pivot (high-volume breakout) ⬜ Normal: No special pattern detected Arrows & Markers ⬆️ Triangle Arrow: Episodic pivot confirmation 💡 Trading Tips & Best Practices ✅ Do's Combine with trend analysis - Trade gaps in direction of trend Check volume - Higher volume = more reliable signals Use multiple timeframes - Confirm on higher timeframes Risk management - Always set stop losses Wait for confirmation - Don't chase, let signals develop ❌ Don'ts Don't trade all gaps - Focus on high-quality setups Avoid low volume - Weak volume = unreliable signals Don't ignore trend - Counter-trend trading is risky Don't overtrade - Quality over quantity Don't ignore context - Consider market conditions ⚠️ Risk Management Position sizing: Risk 1-2% per trade Stop losses: Always define before entry Target levels: Set realistic profit targets Market conditions: Avoid trading in choppy markets 📈 Performance Optimization For Conservative Traders: Increase minimum gap size to 1% Set volume multiplier to 3.0x Only trade episodic pivots in strong uptrends Wait for gap fill confirmation For Aggressive Traders: Decrease minimum gap size to 0.3% Set volume multiplier to 1.5x Trade both gap types Enter on pattern confirmation 🚨 Alert Setup The indicator provides alerts for: Gap Up Detected Gap Down Detected Upside Tasuki Gap Episodic Pivot Recommended: Enable all alerts and filter manually based on your strategy. 📝 Summary This indicator excels at identifying high-probability trading opportunities through gap analysis, pattern recognition, and momentum confirmation. Use it as part of a complete trading system with proper risk management for best results.
אינדיקטור Pine Script®
מאת ‎neuracap‎
Price Ranged FVG📌 Price Ranged FVG Is a clean and efficient tool designed to detect Fair Value Gaps (FVGs) with adjustable filters and structural context. It’s especially useful for traders looking to filter out insignificant gaps and focus on high-probability areas, particularly around swing breaks or structural shifts. 🧠 What is a Fair Value Gap (FVG)? A Fair Value Gap appears when there’s a price imbalance between candles — typically after a strong move — where the market skips over certain price levels without trading there. These zones can act as potential areas for price to return to (mean reversion), or serve as support/resistance depending on market structure. 🔍 FVG Detection Types You can choose between three different detection modes under the "FVG Detection" input: Same Type: Only detects FVGs where the last 3 candles are in the same direction (all bullish or all bearish). All: Detects any FVG, regardless of candle direction. Twin Close: Detects FVGs only when the last two candles are in the same direction and close accordingly — offering a stricter confirmation. 🎯 FVG % Filters To filter out noise or insignificant gaps, this indicator includes: Minimum FVG % Filter: Ignores FVGs smaller than your specified percentage of the current close. Maximum FVG % Filter: Ignores overly large gaps that may be unreliable or caused by anomalies. These filters help focus on relevant FVGs that are more likely to act as reaction zones. 🏛 Structural Context (Swing Highs and Lows) The indicator plots swing highs and swing lows with dots to provide structure-based context: Set Swing Strength to 3 for detecting internal structure (shorter-term moves). Use a higher setting like 5 to focus on external structure (more significant highs/lows). These levels can help you determine whether an FVG is forming within a consolidation, breakout, or key structural transition. ✅ Use Case (My Personal Workflow) I personally use this indicator to: Filter out weak or irrelevant FVGs using the % filters. Watch for price interaction at swing breaks — especially when an FVG aligns with a break in internal or external structure. Refine entry and exit planning in confluence with other tools or strategies. ⚠️ Disclaimer This indicator is not financial advice. It is a technical analysis tool intended to support your own decision-making process. Always do your own research and risk management.
אינדיקטור Pine Script®
מאת ‎NovaTradeStar‎
4
D3m4h GIFVGDescription D3m4h GIFVG is an indicator designed to automatically detect market imbalances—often referred to as FVGs (Fair Value Gaps)—and potential pivot-based shifts in market structure. It offers a dynamic approach to visualizing supply/demand inefficiencies and pivot-based trend changes. Key features include: 1. Pivot-Based Bullish/Bearish Detection The indicator identifies higher-high/lower-low pivot logic as well as “outside bar” pivots. It tracks when the market transitions from bullish to bearish ranges, or vice versa, by using multiple checks: Pivot low/high detection Break-of-structure (when price crosses the last pivot) Opposing FVG detection to confirm an intraday pivot shift 2. FVG (Fair Value Gap) Detection The script automatically scans for bullish or bearish FVG conditions: Bullish FVG: Candle at position (bar_index - 2) has a high below the current candle’s low. Bearish FVG: Candle at position (bar_index - 2) has a low above the current candle’s high. When it detects an FVG, it draws a box on the chart to highlight the price gap (yellow boxes by default). 3. Pivot Range FVG If an FVG forms while the market is in a bullish pivot range, the script can paint a special “blue” FVG to underscore its significance. The same logic applies if a newly formed FVG appears in a bearish pivot range. 4. Filled Gap Cleanup You can optionally hide standard FVG boxes once they’re filled. For example, if the candle’s body (or candle range) covers that gap, the box is removed to keep your chart clean. 5. Pivot-Range FVG “Raided” Cleanup If the pivot-based FVG is later filled from the opposing direction, it turns green and can optionally remove itself after a set number of bars. 6. Informative Table A small table on the chart optionally displays whether or not the pivot-based FVG has been “raided”. You can toggle this table on/off in the settings. How It Works 1. Pivot Shifts The script tracks the last pivot high/low using a combination of candle-based pivot detection and break-of-structure checks (when price crosses the last pivot in the opposite direction). When a shift is detected, the pivot range ID increments—this helps the script know when to remove old pivot-based FVGs or draw new ones. 2. FVG Formation Each new bar checks if a bullish or bearish FVG formed (comparing the high of bar two bars ago to the current low, or the low of bar two bars ago to the current high). If one is found, a box is drawn to highlight the imbalance. Its color and extension depend on script settings. 3. Imbalance or Pivot FVG Standard imbalance boxes appear in yellow. If the new imbalance coincides with a bullish or bearish pivot range, a special “pivot imbalance” box in blue is drawn. 3. Hide Filled If a newly formed candle’s body fully covers the FVG, the box is considered filled. If Hide Filled Gaps is enabled, the box is deleted once it’s covered. 4. Raid Status For the pivot-based (blue) FVG, once price invalidates it from the opposite side, it changes color to green and gets removed after a user-defined number of bars. How to Use 1. Look for FVGs Observe yellow boxes to identify potential intraday imbalances. Watch for price returning to fill these zones. If you see a “blue” box, it signifies a pivot-based FVG in line with a recognized shift in structure—arguably a higher-probability zone. 2. “Hide Filled Gaps” Turn this on if you only want to see currently active or partially filled imbalances. The script cleans up old, fully covered boxes to keep your chart neat. 3. Pivot Shifts Note the script’s internal pivot logic. Each new pivot re-defines bullish or bearish states. Use these states to gauge the short-term trend shifts. 4. Toggle the Table You can show or hide the chart table by enabling/disabling “Show Table” from the inputs. This table indicates if the pivot-based “GIFVG” has been “raided” or not. 5. Extend Count Adjust the extendCount in the code if you want FVG boxes to extend further or shorter in time. Underlying Concepts Fair Value Gaps Market inefficiencies that occur when price jumps, leaving a “gap” from the candle 2 bars ago to the current candle. They can act like mini supply/demand zones where price may revisit for balance. Pivot Ranges The script tries to maintain an internal sense of whether the market is in a bullish or bearish pivot range. When it sees a contrary FVG or break-of-structure, it flips the pivot state. Outside Bars A candle that has both a higher high and a lower low than the previous bar. The script uses these to mark significant pivot shifts. By combining pivot-based logic with FVG detection, the D3m4h GIFVG indicator helps highlight potential areas of liquidity or unfilled value. Traders can use these zones to plan entries/exits or to confirm short-term trend shifts.
אינדיקטור Pine Script®
מאת ‎d3m4h‎
FVG Radar [Mr_Rakun]The FVG Radar indicator is designed to automatically detect Fair Value Gaps (FVG) on your TradingView chart. It visually highlights bullish and bearish gaps with colored boxes and provides alerts when specific conditions are met. How It Works Fair Value Gap (FVG) Detection: The script identifies gaps based on previous price action. A bullish FVG is recognized when there is a gap below a higher low candle, and a bearish FVG when there is a gap above a lower high candle. Radar Area: A yellow “Radar Area” box is drawn on the chart using upper and lower bands defined as a percentage above and below the current price. This area helps you visualize where the price is relative to these bands. Alerts: Alerts are triggered based on user-defined conditions: When price crosses half of the gap (if the "Clear FVG When Price Reaches Half" option is enabled). When price fully fills the gap (if the option is disabled). The alert will only be activated after waiting a specified number of bars post-gap formation (as set by the "Wait X Bars After FVG Formation" parameter). Input Parameters Radar Upper Band (%): Sets the upper threshold percentage relative to the current price for the radar area. Radar Lower Band (%): Sets the lower threshold percentage relative to the current price for the radar area. Minimum FVG Size (%): Determines the minimum size (as a percentage) for a gap to be recognized as a valid FVG. Clear FVG When Price Reaches Half: If enabled, the FVG will be cleared when the price reaches the midpoint of the gap. If disabled, the entire gap must be filled before it is cleared. Wait X Bars After FVG Formation: Specifies the number of bars to wait after an FVG is detected before triggering an alert. This delay helps to avoid premature alerts. Bullish and Bearish FVG Colors and Opacity: Customize the appearance of the FVG boxes for bullish (green) and bearish (red) gaps, including the opacity of these visual elements. How to Use Add the Indicator: Load the FVG Radar indicator on your TradingView chart. Customize Settings: Adjust the input parameters based on your trading style and the market’s volatility. The radar area settings help you set your own visual reference for price deviations. Monitor the Chart: Watch for the colored boxes that represent FVGs. The boxes will display the size of the gap as a percentage. Respond to Alerts: When an alert is triggered after the specified number of bars, it indicates that the price has interacted with the gap. Use this information to guide your trading decisions. Türkçe -------------------------------------------- FVG Radar göstergesi, TradingView grafiğinizde Fair Value Gap (FVG) – yani adil değer boşluklarını – otomatik olarak tespit etmek için tasarlanmıştır. Bu boşluklar, yükseliş ve düşüş boşluklarını farklı renkli kutularla vurgular ve belirli koşullar sağlandığında uyarılar verir. Nasıl Çalışır Fair Value Gap (FVG) Tespiti: Gösterge, önceki fiyat hareketlerine dayalı olarak boşlukları belirler. Yükseliş boşluğu, düşük seviyenin yukarıdaki mumun altındaki boşlukla oluştuğu durumlarda; düşüş boşluğu ise, yüksek seviyenin aşağıdaki mumun üstünde boşluk oluştuğunda tespit edilir. Radar Alanı: Grafikte, mevcut fiyata göre belirlenen üst ve alt yüzde bantlarına dayalı olarak sarı renkte “Radar Alanı” kutusu çizilir. Bu alan, fiyatın bu bantlara göre nerede olduğunu görsel olarak anlamanıza yardımcı olur. Uyarılar: Kullanıcının belirlediği koşullara göre uyarılar verilir: Fiyat, boşluğun yarısına ulaştığında (eğer "FVG'nin yarısına ulaştığında temizle" seçeneği etkinse). Fiyat boşluğu tamamen doldurduğunda (seçenek devre dışı bırakıldığında). Uyarı, boşluk oluşumundan sonra belirlenen bar sayısı kadar bekledikten sonra tetiklenir ("FVG Oluşumundan Sonra X Bar Bekle" parametresi). Giriş Parametreleri Radar Upper Band (%): Mevcut fiyata göre radar alanı için üst eşik yüzdesini ayarlar. Radar Lower Band (%): Mevcut fiyata göre radar alanı için alt eşik yüzdesini ayarlar. Minimum FVG Size (%): Bir boşluğun geçerli bir FVG olarak tanınabilmesi için gereken minimum boyutu (yüzde olarak) belirler. FVG'nin yarısına ulaştığında temizle: Etkinse, fiyat boşluğun orta noktasına ulaştığında boşluk temizlenir. Devre dışı bırakılırsa, boşluğun tamamen doldurulması gerekir. FVG Oluşumundan Sonra X Bar Bekle: Bir FVG tespit edildikten sonra uyarı tetiklenmeden önce beklenmesi gereken bar sayısını belirler. Bu gecikme, erken uyarıların önüne geçmeyi amaçlar. Yükseliş ve Düşüş FVG Renkleri ve Opaklık: Yükseliş boşlukları (yeşil) ve düşüş boşlukları (kırmızı) için kutuların görünümünü ve opaklığını özelleştirmenize olanak tanır. Nasıl Kullanılır Göstergeyi Ekleyin: FVG Radar göstergesini TradingView grafiğinize ekleyin. Ayarları Özelleştirin: Ticaret tarzınıza ve piyasanın oynaklığına göre giriş parametrelerini ayarlayın. Radar alanı ayarları, fiyat sapmalarını kendi görsel referansınızla tanımlamanıza yardımcı olur. Grafiği İzleyin: FVG’leri temsil eden renkli kutuları takip edin. Kutular, boşluğun yüzdelik büyüklüğünü gösterecektir. Uyarılara Tepki Verin: Belirlenen bar sayısı sonrasında tetiklenen uyarı, fiyatın boşluk ile etkileşime girdiğini gösterir. Bu bilgiyi, ticaret kararlarınızı yönlendirmek için kullanın.
אינדיקטור Pine Script®
מאת ‎Mr_Rakun‎
7
Dabel MS + FVGThis script is designed to assist traders by identifying market structures, imbalances, and potential trade opportunities using Break of Structure (BOS) and Market Structure Shifts (MSS). It visually highlights imbalances in price action, key pivots, and market structure changes, providing actionable information for making trading decisions. Key features: Imbalances Detection: Highlights bullish and bearish price gaps (Fair Value Gaps) using colored boxes. Users can choose the line style (solid, dashed, or dotted) for imbalance midlines. Market Structure Analysis: Tracks pivot highs and lows to identify BOS and MSS in two separate market structures with adjustable pivot strengths. Customizable Visualization: Allows users to choose line styles, colors, and display options for both imbalances and market structures. Alerts: Alerts traders when BOS or MSS occur, helping to monitor the market effectively. Trading Strategy Imbalance Trading: Imbalances (gaps) represent areas where supply or demand was left unfilled. These gaps often act as magnet zones where the price revisits to fill. Bullish Imbalance: Look for buying opportunities when price enters a green imbalance zone. Bearish Imbalance: Look for selling opportunities when price enters a red imbalance zone. Use the midline of the imbalance box as a key reference point for potential reversals. Break of Structure (BOS) and Market Structure Shift (MSS): BOS: Indicates a continuation of the existing trend. For example: Bullish BOS: Look for continuation in the uptrend after a high is broken. Bearish BOS: Look for continuation in the downtrend after a low is broken. MSS: Suggests a potential reversal in market structure. For example: Bullish MSS: Indicates a possible shift from a bearish to bullish market. Bearish MSS: Indicates a potential shift from a bullish to bearish market. Multiple Market Structures: This script provide two sets of market structures, allowing traders to compare short-term and long-term trends. Adjust the pivot strength to suit your trading style (lower for intraday trading, higher for swing or positional trading). Entry and Exit: Entry: Look for entries near imbalances or after confirmed BOS/MSS in line with the overall trend. Exit: Place stop-loss below/above recent pivots and take profit at nearby support/resistance or imbalance zones. For New Traders Focus on Basics: Understand what BOS and MSS mean and how they signal trend direction or reversals. Use Alerts: Rely on the script's alert system to catch important moments without staring at charts all day. Start Small: Test this strategy on a demo account before using it live. You can understand it more with practice.
אינדיקטור Pine Script®
מאת ‎tnumar‎
FVG Detector (Gholam version)The Fair Value Gap (FVG) Detector is a powerful tool designed to identify and highlight potential imbalance areas in the market. Fair Value Gaps, also known as "FVG" or "Liquidity Gaps," are price ranges where there has been little or no trading activity. These gaps can often act as key levels of support or resistance and may represent areas where price is likely to return to for a fill, providing potential trading opportunities. This indicator automatically scans and marks these gaps on the chart, helping traders quickly spot areas of interest for potential reversals or continuation patterns.
אינדיקטור Pine Script®
מאת ‎moh3naliz‎
FVG Breakout/BreakdownThe FVG Breakout/Breakdown indicator is designed to identify potential breakout and breakdown opportunities in the market, based on the concept of Fair Value Gaps (FVGs). FVGs are areas where price moves too quickly, leaving behind gaps between candlesticks, often seen as areas of inefficiency or imbalance that the market tends to revisit. Key Concepts: Fair Value Gaps (FVG): FVG occurs when a price gap is created between candlesticks, typically when the high of one candle is lower than the low of the previous candle (for a bearish FVG) or the low of one candle is higher than the high of the previous candle (for a bullish FVG). These gaps represent an imbalance between buying and selling pressure, and the market often revisits them, making them valuable for identifying potential entry points. Bullish FVG: This occurs when the low of the current candle is higher than the high of the previous candle. Condition: low > high Bearish FVG: This occurs when the high of the current candle is lower than the low of the previous candle. Condition: high < low Breakout/Breakdown Signals: Breakout: A bullish breakout signal occurs when the price breaks above a defined resistance level after an FVG gap. This suggests that the market may continue moving higher. Breakdown: A bearish breakdown signal occurs when the price breaks below a defined support level after an FVG gap. This suggests that the market may continue moving lower. NWOG (New Week Opening Gap): The NWOG can be used as an additional factor to confirm the FVG signal. The gap between Friday's close and Monday's open is a crucial level for identifying the start of a new move for the week. NWOG helps to further refine the timing of breakout or breakdown signals, only triggering them when price moves relative to the Monday Open and shows a new direction.
אינדיקטור Pine Script®
מאת ‎ICT_Concept_Trading‎
1
Adaptive Volatility-Scaled Oscillator [AVSO] (Zeiierman)█  Overview The Adaptive Volatility-Scaled Oscillator (AVSO) is a dynamic trading indicator that measures and visualizes volatility-adjusted market behavior. By scaling various metrics (such as volume, price changes, standard deviation, ATR, and Yang-Zhang volatility) and applying adaptive smoothing, AVSO helps traders identify market conditions where volatility deviates significantly from the norm. This indicator uses standardized scaling (Z-Score logic) to highlight periods of abnormally high or low volatility relative to recent history. With gradient coloring and clear volatility zones, AVSO provides a visually intuitive way to analyze market volatility and adapt trading strategies accordingly. █  How It Works ⚪ Scaling Metrics: The indicator scales user-selected metrics (e.g., volume, ATR, standard deviation) relative to the market and price, providing a standardized volatility measure. ⚪ Z-Score Standardization: The scaled metric is normalized using a Z-Score to measure how far current volatility deviates from its recent mean. Positive Z-Score: Above-average volatility. Negative Z-Score: Below-average volatility. ⚪ Adaptive Smoothing: An Adaptive EMA smooths the Z-Score, dynamically adjusting its length based on the strength of the volatility. Stronger deviations result in shorter smoothing, increasing responsiveness. █ Unique Feature: Yang-Zhang Volatility The Yang-Zhang volatility estimator sets this indicator apart by providing a more robust and accurate measure of volatility compared to traditional methods like ATR or standard deviation. ⚪ What Makes Yang-Zhang Volatility Unique? Comprehensive Calculation: It combines overnight price gaps (log returns from the previous close to the current open) and intraday price movements (high, low, and close). Accurate for Gapped Markets: Traditional volatility measures can misrepresent price movement when significant gaps occur between sessions. Yang-Zhang accounts for these gaps, making it highly reliable for assets prone to overnight price jumps, such as stocks, cryptocurrencies, and futures. Adaptable to Real Market Conditions : By including both close-to-open returns and intraday volatility, it provides a balanced and adaptive measure that captures the full volatility picture. ⚪ Why This Matters to Traders Better Volatility Insights: Yang-Zhang offers a clearer view of true market volatility, especially in markets with price gaps or uneven trading sessions. Improved Trade Timing: By identifying volatility spikes and calm periods more effectively, traders can time their entries and exits with greater confidence. █  How to Use Identify High and Low Volatility A high Z-Score (>2) indicates significant market volatility. This can signal momentum-driven moves, breakouts, or areas of increased risk. A low Z-Score (<-2) suggests low volatility or a calm market environment. This often occurs before a potential breakout or reversal. Trade Signals High Volatility Zones (background highlight): Monitor for potential breakouts, trend continuations, or reversals. Low Volatility Zones: Anticipate range-bound conditions or upcoming volatility spikes. █  Settings Source: Select the price source for scaling calculations (close, high, low, open). Metric Measure: Choose the volatility measure: Volume: Scales raw volume. Close: Uses closing price changes. Standard Deviation: Price dispersion. ATR: Average True Range. Yang: Yang-Zhang volatility estimate. Bars to Analyze: Number of historical bars used to calculate the mean and standard deviation of the scaled metric. ATR / Standard Deviation Period: Lookback period for ATR or Standard Deviation calculation. Yang Volatility Period: Period for the Yang-Zhang volatility estimator. Smoothing Period: Base smoothing length for the adaptive smoothing line. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
אינדיקטור Pine Script®
מאת ‎Zeiierman‎
9