Şimdi başlat

Mum Analizi

Advanced ORB IndicatorAdvanced ORB (Opening Range Breakout) Indicator Overview The Advanced ORB Indicator is a sophisticated trading tool designed to capture high-probability breakout opportunities across multiple markets. By identifying the opening range of a trading session and detecting meaningful breakouts, this indicator helps traders enter trending moves with strong momentum while filtering out false signals. Core Concept The Opening Range Breakout strategy is based on the principle that the initial trading range of a session often defines key support and resistance levels. When price breaks convincingly beyond this range with proper confirmation, it frequently indicates the beginning of a directional move that can persist throughout the session. Key Features ### Intelligent Market Detection - Automatically identifies market type (US Stocks, Forex, Crypto, EU/Asia Stocks) - Applies optimal default timings based on market characteristics - Configurable time zones (Exchange, UTC, Local) for precise session timing Customizable Session Settings - Adjustable opening range duration (15-240 minutes) - Flexible reset periods (Daily, Weekly, Monthly, or Never) - Custom session start times to match specific market opens or pre-market periods Advanced Signal Filtering - Multi-factor confirmation system requiring strong candle bodies, proper wick ratios, and minimum breakout percentages - Smart cooldown periods preventing clustered signals - Retracement detection that resets signals after meaningful pullbacks Quality Control Mechanisms - Volume threshold filter for stronger conviction entries - RSI-based filters to avoid overbought/oversold conditions - Trend alignment validation using EMA and directional analysis - Consecutive candle confirmation for higher reliability Visual Clarity - Clear high/low boundary visualization - Comprehensive status panel showing current levels, trend status, and filter conditions - Clean, non-repainting signal triangles at breakout points Trading Applications Stocks & ETFs Perfect for capturing morning momentum after market open, especially effective on US equities where the first 30-60 minutes often set the tone for the day. Excellent for gap fills, trend continuations, and reversal confirmations. Forex & Futures Ideal for session-based strategies around London/New York opens, capturing institutional order flow as major players enter the market. Can be configured for H4/H1 longer-term breakouts in 24-hour markets. Cryptocurrency Powerful for identifying key breakout levels in volatile crypto markets, with adjustable parameters to filter out noise while catching significant moves. Especially effective during high-volume periods following consolidation. Strategic Implementation The indicator excels when used as part of a complete trading system. Consider these approaches: 1. Pure Momentum Strategy: Enter on signal, exit at fixed R:R or end of session 2. Trend Continuation: Only take signals in the direction of the higher timeframe trend 3. Support/Resistance Validation: Combine with key S/R levels for higher probability entries 4. Volume Profile Confirmation: Use in conjunction with volume profile to verify breakout significance Optimization Tips - Adjust Opening Range Duration based on market volatility (shorter for choppy markets, longer for trending) - Increase filter requirements during uncertain market conditions - Loosen filters during strong trending environments - Use longer durations (120+ minutes) for swing trading setups - Consider Weekly/Monthly reset periods for positional trading approaches Performance Notes The Advanced ORB Indicator is designed to produce fewer, higher-quality signals rather than frequent low-conviction entries. The multiple confirmation requirements mean you'll catch fewer false breakouts at the expense of occasionally later entries. For best results, combine with proper risk management, position sizing, and an understanding of the broader market context. *This indicator works on all timeframes but performs optimally on 1-minute to 15-minute charts for intraday trading and 1-hour to 4-hour charts for swing trading opportunities.* // @version=5 indicator("Advanced ORB Indicator", overlay=true) // =================================================================== // SIGNAL REQUIREMENTS DOCUMENTATION // =================================================================== // // BULL SIGNAL REQUIREMENTS: // - ORB period must be completed (not in the opening range duration anymore) // - Price must close above the ORB high (if waitForClose is enabled) // - Candle must have a strong body (body to range ratio >= minBodyToRangeRatio) // - Valid upper wick (upper wick to body ratio <= wickThreshold) // - Bullish candle (close > open) // - Consecutive candle confirmation (if enabled, requires multiple candles meeting criteria) // - Volume filter (if enabled, volume > average volume * threshold) // - RSI filter (if enabled, RSI must not be overbought) // - EMA filter (if enabled, price must be above short EMA) // - Trend filter (if enabled, must be in an uptrend) // - Cooldown period satisfied (minimum bars between signals) // - Not already signaled a bull breakout for this ORB (unless reset by retracement) // // BEAR SIGNAL REQUIREMENTS: // - ORB period must be completed (not in the opening range duration anymore) // - Price must close below the ORB low (if waitForClose is enabled) // - Candle must have a strong body (body to range ratio >= minBodyToRangeRatio) // - Valid lower wick (lower wick to body ratio <= wickThreshold) // - Bearish candle (close < open) // - Consecutive candle confirmation (if enabled, requires multiple candles meeting criteria) // - Volume filter (if enabled, volume > average volume * threshold) // - RSI filter (if enabled, RSI must not be oversold) // - EMA filter (if enabled, price must be below short EMA) // - Trend filter (if enabled, must be in a downtrend) // - Cooldown period satisfied (minimum bars between signals) // - Not already signaled a bear breakout for this ORB (unless reset by retracement) // // SIGNAL RESET CONDITIONS (for both bull and bear): // - A significant price retracement happens (determined by retracePercent) // - Cooldown period expires (minimum bars between signals) // =================================================================== // =================================================================== // SETTINGS GUIDE - DETAILED EXPLANATION // =================================================================== // // MARKET SETTINGS // --------------------------------------------------------------------- // Market Type: Select your market or use auto-detection // - US Stocks: NYSE, NASDAQ, etc. (9:30 AM default open) // - Forex: Currency pairs (uses midnight or London open) // - Crypto: Digital currencies (uses midnight UTC) // - EU Stocks: European exchanges (9:00 AM default) // - Asia Stocks: Asian exchanges (9:00 AM default) // - Custom: Manually set your preferred session time // // Auto-Detect Market Type: Automatically identifies the market from symbol // - Enable for convenience when switching between different markets // - Disable to manually set your preferred market type // // Use Market Default Timing: Applies optimal session start times for selected market // - Enable to use proven default timings for the market // - Disable to set custom session start times // // Time Zone: Sets the reference time zone for session calculations // - Exchange: Uses the exchange's native time zone (recommended) // - UTC: Uses Coordinated Universal Time // - Local: Uses your local computer's time zone // // TIME SETTINGS // --------------------------------------------------------------------- // Session Start Hour/Minute: Sets when the opening range begins // - Only active when "Use Market Default Timing" is disabled // - US Stocks typically use 9:30 AM // - For pre-market analysis, try 4:00 AM (US) or 8:00 AM (EU) // // Opening Range Duration: How long to measure the initial range (minutes) // - 30-60 mins: Standard for daily ORB strategies // - 15 mins: More responsive, good for volatile markets // - 120 mins: More stable, fewer false signals // // Reset Period: When to calculate a new opening range // - Daily: Most common, resets each trading day // - Weekly: Weekly opening range breakout strategy // - Monthly: Long-term support/resistance levels // - Never: Continuous tracking without resetting // // SIGNAL QUALITY SETTINGS // --------------------------------------------------------------------- // Minimum Bars Between Signals: Prevents clustering of multiple signals // - Higher values (8-10): Fewer signals, better quality // - Lower values (3-5): More signals, requires more filtering // // Required Retracement % Before New Signal: How far price must pull back // - Higher values (50-60%): Only signals after significant pullbacks // - Lower values (20-30%): More signals, may include false breakouts // // Minimum Breakout % Required: Strength needed for valid breakout // - Higher values (0.5-1.0%): Stronger confirmation, fewer false breakouts // - Lower values (0.1-0.3%): More sensitive, good for low-volatility // // Minimum Body to Range Ratio %: Requires strong candles for signals // - Higher values (70-80%): Only strong momentum candles trigger signals // - Lower values (40-50%): More signals, includes weaker breakouts // // BREAKOUT SETTINGS // --------------------------------------------------------------------- // Max Wick to Body Ratio: Controls acceptable candle shape // - Lower values (0.2-0.3): Only clean breakout candles // - Higher values (0.5-0.6): More signals, includes wicks // // Use Close Price: Uses close instead of High/Low for breakouts // - Enable for more reliable but delayed confirmation // - Disable for earlier signals using High/Low prices // // Wait for Candle Close: Only signals after candle completes // - Enable to avoid false breakouts (recommended) // - Disable for earlier entry but higher risk // // FILTER SETTINGS // --------------------------------------------------------------------- // Filter Signals Based on Trend: Aligns signals with the overall trend // - Enable to filter out counter-trend signals (recommended) // - Disable for range-bound markets or counter-trend strategies // // Trend Detection Period: Lookback period for trend calculation // - Longer periods (50-100): Identifies major trends // - Shorter periods (20-30): More responsive to recent price action // // Trend Strength Threshold: How strong trend must be // - Higher values (0.7-0.8): Only strong trends generate signals // - Lower values (0.5-0.6): More signals in choppy markets // // Use Volume Filter: Requires above-average volume for signals // - Enable for stocks and futures (recommended) // - May disable for some forex pairs with unreliable volume data // // Volume Threshold: How much above average volume is required // - Higher values (2.0-3.0x): Only significant volume spikes // - Lower values (1.2-1.5x): More signals, less volume confirmation // // Use RSI Filter: Prevents signals in overbought/oversold conditions // - Enable to avoid exhausted moves // - Disable for strong trend following // // Use EMA Alignment Filter: Ensures price is in the right direction // - Enable for trend confirmation (recommended) // - Disable for early reversal signals // // Require Consecutive Candle Confirmation: Needs multiple confirming candles // - Enable for higher quality signals // - Disable for faster but riskier entries // // DISPLAY SETTINGS // --------------------------------------------------------------------- // Show Label with Values: Displays current ORB levels and status // Show Range Boundaries: Displays high/low lines on chart // High/Low Boundary Color: Customize appearance // // =================================================================== // RECOMMENDED SETTINGS BY MARKET TYPE // =================================================================== // // US STOCKS - STANDARD // --------------------------------------------------------------------- // - Market Type: US Stocks // - Opening Range Duration: 30 minutes // - Reset Period: Daily // - Wait for Candle Close: Enabled // - Use Volume Filter: Enabled (Volume Threshold: 1.5-2.0x) // - Use Trend Filter: Enabled // - Minimum Breakout %: 0.3-0.5% // // US STOCKS - EARNINGS/HIGH VOLATILITY // --------------------------------------------------------------------- // - Opening Range Duration: 60 minutes (more stable) // - Minimum Breakout %: 0.7-1.0% (stronger moves required) // - Minimum Bars Between Signals: 8-10 (avoid whipsaws) // - Required Retracement %: 40-50% (deeper pullbacks) // - Volume Threshold: 2.5-3.0x (higher volume confirmation) // // CRYPTO // --------------------------------------------------------------------- // - Market Type: Crypto // - Opening Range Duration: 120 minutes (crypto needs longer) // - Reset Period: Daily // - Minimum Breakout %: 1.0-1.5% (higher volatility needs stronger breakouts) // - Volume Threshold: 2.0-2.5x // - Consider disabling RSI Filter (trending crypto often stays overbought/oversold) // // FOREX - MAJOR PAIRS // --------------------------------------------------------------------- // - Market Type: Forex // - Session Start: Consider 8:00 AM (London open) or 5:00 PM (Asian open) // - Opening Range Duration: 60-120 minutes // - Min Body to Range Ratio: 50-60% (forex can have smaller bodies) // - Consider disabling Volume Filter (unreliable on some platforms) // - Trend Strength Threshold: 0.6-0.7 (forex tends to trend well) // // EU STOCKS // --------------------------------------------------------------------- // - Market Type: EU Stocks // - Opening Range Duration: 60 minutes // - Reset Period: Daily // - Use EMA Alignment: Enabled // - Use Volume Filter: Enabled // // SMALL CAP/VOLATILE STOCKS // --------------------------------------------------------------------- // - Opening Range Duration: 15-30 minutes (captures early moves) // - Minimum Breakout %: 1.0-2.0% (needs stronger breakouts) // - Volume Threshold: 3.0x (needs significant volume) // - Max Wick to Body Ratio: 0.3 (cleaner breakouts) // - Use Consecutive Candle Confirmation: Enabled (2-3 candles) // // LOW VOLATILITY ENVIRONMENT // --------------------------------------------------------------------- // - Opening Range Duration: 30-60 minutes // - Minimum Breakout %: 0.2-0.3% (lower threshold for tight ranges) // - Required Retracement %: 20-30% (smaller pullbacks) // - Consider disabling Consecutive Candle Confirmation // // HIGH VOLATILITY ENVIRONMENT // --------------------------------------------------------------------- // - Opening Range Duration: 60-120 minutes (more stable) // - Minimum Breakout %: 0.8-1.5% (stronger confirmation) // - Required Retracement %: 50-60% (deeper pullbacks) // - Minimum Bars Between Signals: 8-10 (avoid choppy signals) // - Use Consecutive Candle Confirmation: Enabled (2-3 candles) // ===================================================================
Pine Script® göstergesi
D_Rebellionaire tarafından
Original Gann Swing Chart Rules [AlgoFuego]🔵 Original Gann Swing Chart Rules An advanced indicator built on W.D. Gann’s original rules, enhanced with innovative mechanical trend-following methods. 🔹 Description This indicator functions by balancing short-term adaptability with long-term trend analysis. The indicator incorporates Gann’s principles alongside mechanical trend-following techniques to offer a structured method for analyzing trends and detecting potential market reversals. Golden Rule: Non-trend bars are excluded from analysis, and each new bar is compared with the previous trend bar, it highlights significant swing points with greater clarity. 🔸 The core concept behind the golden rule on which this indicator is built. The person watching the tide coming, wanting to pinpoint the exact spot that signals the high tide, places a stick in the sand at the points where the incoming waves reach until the stick reaches a position where the waves no longer rise, and eventually recedes enough to show that the tide has shifted. This method is effective for monitoring and identifying tides and floods in the stock market. 🔸Rule 1: The trend bar is everything. →It is a bar that forms a new high, low, or both. 🔸Rule 2: The professional traders track new highs and lows. 🔸Rule 3: The hidden bar is nothing. →It is a bar that does not form a new high, low, or both. 🔸Rule 4: The sea has a wavy nature, and the market as well. 🔸Rule 5: The slope is the immediate direction of the swing. Downward slope →The downslope is the descending slope of a swing, shows a decline, reflecting a bearish price trend. Upward slope →The upslope is the ascending slope of a swing, shows an incline, reflecting a bullish price trend. 🔸Rule 6: The start and end of the movement are the swing points. →The lowest or highest price of the last bar in the direction of the slope represents the swing point after the slopes direction changes. Valley →It is the lowest price of the last bar in a downslope before the market turns to a upslope. End=> Downward slope and Start=> Upward slope Peak →It is the highest price of the last bar in a upslope before the market turns to an downslope. End=> Upward slope and Start=> Downward slope 🔸Rule 7: The Golden Rule: Ignore all no-trend bars and compare the new bar with the previous trend bar. →Applying the golden rule in upward slope →Applying the golden rule in downward slope 🔸 Related content: Personal words of W.D Gann from the book Wall Street Stock Selector. →"This was only one month's reaction the same as March 1925. The market held in a dull narrow range for about 2 months while accumulation was taking place and in June the main trend turned up again." →The beginning of the main trend and the formation of the Valley. →The beginning of the main trend and the formation of the Peak. 🔸 Rule 8: The Closing Price of the Bar to Understand Movement Direction. Sequence is important → Downward bar → Upward bar 🔸 Outside Bar Rules →Explanation of rules and calculations. 🔸 How does a trend start? Upward trend Trend change from Downward to Upward. Prices must take out the nearest 'Peak' and the Trend was previously Downward. A breakout above the previous peak signals a bullish reversal. → Model 1 - Dropping Valley Reversal The market forms a dropping valley, followed by a breakout above the previous peak. → Model 2 - Equal Valley Reversal The market forms an equal valley, followed by a breakout above the previous peak. → Model 3 - Rising Valley Reversal The market forms a rising valley, followed by a breakout above the previous peak. Downward trend Trend change from Upward to Downward. Prices must take out the nearest ‘Valley' and the Trend was previously Upward. A breakdown below the previous valley signals a bearish reversal. → Model 1 - Rising Peak Reversal The market forms a rising peak, followed by a breakdown below the previous valley. → Model 2 - Equal Peak Reversal The market forms an equal peak, followed by a breakdown below the previous valley. → Model 3 - Dropping Peak Reversal The market forms a dropping peak, followed by a breakdown below the previous valley. 🔸 The fractal nature of markets Rising wave → The rising wave is the entire bull market between turning points High point : When the Main trend turns from upward to downward, the peak of the primary trend is formed. Dropping wave → The Dropping wave is the entire bear market between turning points. Low point : When the Main trend turns from downward to upward, the primary trend valley is formed. Fractal nature application. Everything in one picture. 🔹 Features Strict adherence to the rules: Follows the Original Gann Swing Chart Rules to detect swing points. Fractal analysis: Uses trend bars and fractal analysis to identify swing points. Robust functionality: Engineered to handle complex market conditions with advanced logic. Custom alerts: Alerts for peak/valley completion, main and primary trend reversals & continuations. Golden rule application: Filters out non-trend bars by comparing only with the last trend bar. Reversal & trend detection: Applies eight outside bar rules to detect trend reversals and continuations. Dynamic customization: Fully customizable settings. 🔹 Settings overview Fine-tune the indicator to match your unique trading strategy by adjusting trend settings, customizing alerts, and modifying visualization options. 1. Main trend settings Hide/Show Main trend options: Instantly hide all main trend options (alerts remain separate). Main trendline display & alerts: Toggle trendline visibility and set alerts for peaks and valleys. Trendline customization: Adjust styles, colors, and slopes for upward/downward trends. Peaks & Valleys markers: Show/hide points and customize their color and size. Opposite Main trend turning points: Enable alerts and modify style, width, color, and offset. Breakout/Breakdown points: Set alerts and customize their appearance. 2. Primary trend settings Hide/Show primary trend options: Instantly hide all primary trend options (alerts remain separate). Primary trendline display & alerts: Toggle trendline visibility and set alerts for peaks and valleys. Trendline customization: Adjust styles, colors, and slopes for upward/downward trends. Peaks & Valleys markers: Show/hide points and customize their color and size. Opposite primary trend turning points: Enable alerts and modify style, width, color, and offset. Breakout/Breakdown points: Set alerts and customize their appearance. 3. Additional options Tooltips display: Control tooltip visibility for labels and languages. Candle/Bar coloring: Customize candle and bar colors based on algorithm-selected trends. 🔸 Additional features 🔹Custom reading of bars. The arrow represents the direction of the slope, the dot is the type of trend, and the line is the closing price. 🔹 Advanced Moving Average Activator The Advanced Moving Average Activator, this setting calculates the average closing prices of trend bars only, which are the only bars considered by Gann. The advantage of this method is that it helps avoid hidden bars that are not accounted for, making the difference more evident in a ranging market. The values are updated only when new highs or lows occur. Additionally, you can set alerts when the price closes above or below the moving average. 🔹 Bar Counter After a trend change, you can see exactly when the shift occurred and customize the type of trend you want to track. For example, by conducting your own research on the assets you trade, based on historical data, you might discover valuable insights, such as the primary trend possibly lasting longer than 20 bars! You can use these insights to refine your trading strategy and make more data-driven decisions. 🔹 How to use Step 1: Configure the settings and choose your trading approach Adjust the indicator settings to match your trading style and market conditions. Effectively using the indicator starts with selecting your preferred trading style. You can trade in alignment with the primary trend, capitalize on market reversals, or take advantage of breakouts. Trading with the primary trend: Best for traders who prefer longer-term positions with higher stability. Trading reversals: Ideal for those looking to enter at potential turning points but requires additional confirmation. Trading breakouts: Suitable for traders targeting strong price movements after key level breakouts. Adapting to market volatility: Monitor changing volatility and adjust your strategy accordingly for optimal results. Step 2: Analyze the chart Apply the indicator to your TradingView chart and interpret swing signals for informed decisions. Carefully study the chart patterns to detect subtle signals. Check if similar signals worked well in past market conditions. Use multi-timeframe analysis for a broader perspective. Step 3: Trade with the primary trend Utilize trend direction to align trades with prevailing market movements. Always trade in the direction of the primary trend. Confirm the trend direction using multiple indicators or by relying on the primary trend as confirmation!. Avoid trading against strong market momentum. Step 4: Identify entry signals Use indicator signals to identify ideal trade entry points. Look for confirmation before entering a trade. Wait for clear signals to avoid false entries. Practice on a demo account to build confidence in your entry strategy. Step 5: Apply risk management Define stop-loss and take-profit levels to protect your capital effectively. Set stop-loss orders at strategic levels to limit potential losses. Risk only a small percentage of your capital per trade. Adjust risk levels based on your overall portfolio performance. Step 6: Confirm with trend analysis Validate trends using additional indicators for a higher probability of success. Use complementary tools to confirm trend direction. Monitor trend changes to adjust your strategy promptly. Keep an eye on volume indicators for added confirmation. Step 7: Execute the trade Enter trades based on confirmed signals and predefined strategy rules. Ensure all your criteria are met before executing a trade. Stay disciplined and stick to your strategy. Review market conditions right before execution. Step 8: Monitor the trade Track trade performance and make adjustments as necessary. Keep an eye on market conditions throughout the trade. Be ready to adjust your strategy if unexpected events occur. Use trailing stops to secure profits while allowing for gains. Step 9: Implement exit strategy Close trades strategically based on your pre-established exit plan. Plan your exit strategy in advance and adhere to it. Consider partial exits to secure profits along the way. Avoid emotional decisions when closing trades. Step 10: Review performance Analyze past trades to continuously refine and improve your strategy. Regularly review and document your trades for insights. Identify patterns in both your successes and mistakes. Update your strategy based on comprehensive performance reviews. 🔹 Disclosure While this script is useful and provides insight into market tops, bottoms, and trend trading, it's critical to understand that past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
Pine Script® göstergesi
AlgoFuego tarafından
71
Session Start & Day BackgroundThis indicator visually enhances your TradingView charts by highlighting the start of each new trading day and coloring the background based on the day of the week. The first candle of each new trading day is marked in gray for better session separation. The background color changes based on the current day of the week, making it easier to recognize market patterns and trends at a glance. Works across all markets including Forex, Stocks, and Crypto. Designed to improve chart readability and market structure visualization. Ideal for traders who want a clearer overview of daily sessions and better differentiation between trading days! 🚀
Pine Script® göstergesi
Timomentum tarafından
Ichimoku BoxIntroducing Ichimoku Box Indicator: Key Features: Customizable Box Periods: Adjustable box periods with default settings of 9, 26, and 52. Shifted Span A and Span B Points: Easily adjustable shifts and colors. Additional Box Option: Capability to add an extra box for more detailed analysis. High and Low Markers: Identifies the highest and lowest candle within each box with distinct markers. Candle Countdown Timer: Displays the remaining candles before a box loses its high or low. Drag-and-Drop Functionality: Move boxes to any position on the chart with a vertical line. Automatic Box Drawing: When the indicator is first applied, a vertical line appears on the mouse cursor, and clicking on any point automatically draws the boxes. How It Works: The indicator allows users to visualize Ichimoku periods as boxes, highlighting key price levels and shifts in market structure. It simplifies the analysis process by providing visual cues and customizable settings for enhanced flexibility.
Pine Script® göstergesi
CycleSeeker tarafından
1
Clean OHLC Lines | BaksPlots clean, non-repainting OHLC lines from higher timeframes onto your chart. Ideal for tracking key price levels (open, high, low, close) with precision and minimal clutter. Core Functionality Clean OHLC Lines = Historical Levels + Non-Repainting Logic • Uses lookahead=on to anchor historical lines, ensuring no repainting. • Displays OHLC lines for customizable timeframes (15min to Monthly). • Optional candlestick boxes for visual context. Key Features • Multi-Timeframe OHLC: Plot lines from 15min, 30min, 1H, 4H, Daily, Weekly, or Monthly timeframes. • Non-Repainting Logic: Historical lines remain static and never recalculate. • Customizable Styles: Adjust colors, line widths (1px-4px), and transparency for high/low/open/close lines. • Candle Display: Toggle candlestick boxes with bull/bear colors and adjustable borders. • Past Lines Limit: Control how many historical lines are displayed (1-500 bars). User Inputs • Timeframe: Select the OHLC timeframe (e.g., "D" for daily). • # Past Lines: Limit historical lines to avoid overcrowding (default: 10). • H/L Mode: Draw high/low lines from the current or previous period. • O/C Mode: Anchor open/close lines to today’s open or yesterday’s close. • Line Styles: Customize colors, transparency, and styles (solid/dotted/dashed). • Candle Display: Toggle boxes/wicks and adjust bull/bear colors. Important Notes ⚠️ Alignment: • Monthly/weekly timeframes use fixed approximations (30d/7d). • For accuracy, ensure your chart’s timeframe ≤ the selected OHLC timeframe (e.g., use 1H chart for daily lines). ⚠️ Performance: • Reduce # Past Lines on low-end devices for smoother performance. Risk Disclaimer Trading involves risk. OHLC lines reflect historical price levels and do not predict future behavior. Use with other tools and risk management. Open-Source Notice This script is open-source under the Mozilla Public License 2.0. Modify or improve it freely, but republishing must follow TradingView’s House Rules. 📈 Happy trading!
Pine Script® göstergesi
TrDrBAKS tarafından
7
Diamond PatternDiamond Pattern Indicator This indicator is designed to detect the Diamond Pattern, a technical formation that often signals potential trend reversals. The diamond pattern can lead to strong price movements, making it a valuable tool for traders. Features: ✅ Automatic Detection – Identifies diamond patterns on the chart. ✅ Trend Reversal Signals – Highlights potential price direction changes. ✅ Multi-Timeframe Compatibility – Works across all timeframes. ✅ User-Friendly – Simple to use with no complex settings required. How to Use: 1. Add the indicator to your chart. 2. Monitor for the formation of a Diamond Pattern. 3. Use the breakout direction to guide your trading decisions.
Pine Script® göstergesi
kilavuz_369 tarafından
2
TheRookAlgoPROThe Rook Algo PRO is an automated strategy that uses ICT dealing ranges to get in sync with potential market trends. It detects the market sentiment and then place a sell or a buy trade in premium/discount or in breakouts with the desired risk management. Why is useful? This algorithm is designed to help traders to quickly identify the current state of the market and easily back test their strategy over longs periods of time and different markets its ideal for traders that want to profit on potential expansions and want to avoid consolidations this algo will tell you when the expansion is likely to begin and when is just consolidating and failing moves to avoid trading. How it works and how it does it? The Algo detects the current and previous market structure to identify current ranges and ICT dealing ranges that are created when the market takes buyside liquidity and sellside liquidity, it will tell if the market is in a consolidation, expansion, retracement or in a potential turtle soup environment, it will tell if the range is small or big compared to the previous one. Is important to use it in a trending markets because when is ranging the signals lose effectiveness. This algo is similar to the previously released the Rook algo with the additional features that is an automated strategy that can take trades using filters with the desired risk reward and different entry types and trade management options. Also this version plots FVGS(fair value gaps) during expansions, and detects consolidations with a box and the mid point or average. Some bars colors are available to help in the identification of the market state. It has the option to show colors of the dealing ranges first detected state. How to use it? Start selecting the desired type of entry you want to trade, you can choose to take Discount longs, premium sells, breakouts longs and sells, this first four options are the selected by default. You can enable riskier options like trades without confirmation in premium and discount or turtle soup of the current or previous dealing range. This last ones are ideal for traders looking to enter on a counter trend but has to be used with caution with a higher timeframe reference. In the picture below we can see a premium sell signal configuration followed by a discount buy signal It display the stop break even level and take profit. This next image show how the riskier entries work. Because we are not waiting for a confirmation and entering on a counter trend is normal to experience some stop losses because the stop is very tight. Should only be used with a clear Higher timeframe reference as support of the trade idea. This algo has the option to enable standard deviations from the normal stop point to prevent liquidity sweeps. The purple or blue arrows indicate when we are in a potential turtle soup environment. The algo have a feature called auto-trade enable by default that allow for a reversal of the current trade in case it meets the criteria. And also can take all possible buys or all possible sells that are riskier entries if you just want to see the market sentiment. This is useful when the market is very volatile but is moving not just ranging. Then we configure the desired trade filters. We have the options to trade only when dealing ranges are in sync for a more secure trend, or we can disable it to take riskier trades like turtle soup trades. We can chose the minimum risk reward to take the trade and the target extension from the current range and the exit type can be when we hit the level or in a retracement that is the default setting. These setting are the most important that determine profitability of the strategy, they has be adjusted depending on the timeframe and market we are trading. The stop and target levels can also be configured with standard deviations from the current range that way can be adapted to the market volatility. The Algo allow the user to chose if it want to place break even, or trail the stop. In the picture below we can see it in action. This can work when the trend is very strong if not can lead to multiple reentries or loses. The last option we can configure is the time where the trades are going to be taken, if we trade usually in the morning then we can just add the morning time by default is set to the morning 730am to 1330pm if you want to trade other times you should change this. Or if we want to enter on the ICT macro times can also be added in a filter. Trade taken with the macro times only enable is visible in the picture below. Strategy Results The results are obtained using 2000usd in the MNQ! In the 15minutes timeframe 1 contract per trade. Commission are set to 2USD, slippage to 1tick, the backtesting range is from May 2 2024 to March 2025 for a total of 119 trades, this Strategy default settings are designed to take trades on the daily expansions, trail stop and Break even is activated the exit on profit is on a retracement, and for loses when the stop is hit. The auto-trade option is enable to allow to detect quickly market changes. The strategy give realistic results, makes around 200% of the account in around a year. 1.4 profit factor with around 37% profitable trades. These results can be further improve and adapted to the specific style of trading using the filters. Remember entries constitute only a small component of a complete winning strategy. Other factors like risk management, position-sizing, trading frequency, trading fees, and many others must also be properly managed to achieve profitability. Past performance doesn’t guarantee future results. Summary of features -Easily Identify the current dealing range and market state to avoid consolidations -Recognize expansions with FVGs and consolidation with shaded boxes -Recognize turtle soups scenarios to avoid fake out breakout -Configurable automated trades in premium/discount or breakouts -Auto-trade option that allow for reversal of the current trade when is no longer valid -Time filter to allow only entries around the times you trade or on the macro times. -Risk Reward filter to take the automated trades with visible stop and take profit levels -Customizable trade management take profit, stop, breakeven level with standard deviations -Trail stop option to secure profit when price move in your favor -Option to exit on a close, retracement or reversal after hitting the take profit level -Option to exit on a close or reversal after hitting stop loss -Dashboard with instant statistics about the strategy current settings and market sentiment
Pine Script® stratejisi
Cleverchesstrading tarafından
Doji DetectorThis script is designed to detect Doji candlesticks, which are characterized by a small body compared to the overall candle range. The script identifies a Doji when: ✔ The body size is smaller than 10% of the total candle range, OR ✔ The body size is less than 3 pips. How It Works: The script calculates the body size of each candle (absolute difference between the open and close price). It then compares the body size with the total candle range (high - low). If the body size is smaller than 10% of the candle range or less than 3 pips, the script marks it as a Doji. How to Use It: Apply the script to your TradingView chart. It will highlight Doji candles automatically. Suitable for traders using price action analysis to identify potential market reversals or indecision zones. 🚀 Best suited for: Forex, Stocks, and Crypto markets. 🔔 Optional: You can modify the conditions to fit your trading strategy.
Pine Script® göstergesi
pegah1999golpasandi tarafından
Sweep Engulf CHoCH📖 Indicator Overview The Sweep Engulf CHoCH indicator is designed to detect the Sweep + Engulf + CHoCH (Change of Character) pattern on price charts. This indicator helps traders identify bullish and bearish entry opportunities based on the last three candles forming this pattern. 📊 How the Indicator Works The indicator analyzes specific conditions in the last three candles: 🔹 Bullish Entry (Buy Signal) ✔️ Candle 1 must be bearish (close < open ) ✔️ Candle 2 must sweep the low of candle 1 (low < low ) ✔️ Candle 2 must also engulf candle 1 (close > close ) ✔️ Candle 3 must break structure (CHoCH) by closing above the open of candle 1 (close > open ) 🔻 Bearish Entry (Sell Signal) ✔️ Candle 1 must be bullish (close > open ) ✔️ Candle 2 must sweep the high of candle 1 (high > high ) ✔️ Candle 2 must also engulf candle 1 (close < open ) ✔️ Candle 3 must break structure (CHoCH) by closing below the open of candle 1 (close < open )
Pine Script® göstergesi
gastrophollic tarafından
Sweep Engulf 2 Candle🔍 Overview: This script identifies Bullish Engulfing and Bearish Engulfing candlestick patterns on the chart. These formations are widely used in technical analysis to spot potential reversals in price action. The indicator helps traders quickly identify these patterns by marking them directly on the chart with small arrows. 📌 Features: ✅ Bullish Engulfing & Bearish Engulfing Detection ✅ Customizable Display Options (Enable/Disable Bullish or Bearish signals) ✅ Real-Time Alerts (Receive notifications when a pattern is formed) ✅ Optimized Marker Size (Smaller icons for better chart visibility) 📊 How It Works: 1. Bullish Engulfing Condition: The second candle's low is lower than the first candle's low. The second candle's close is higher than the first candle's open (if the first candle is bearish) OR higher than the first candle's close (if the first candle is bullish). 2. Bearish Engulfing Condition: The second candle's high is higher than the first candle's high. The second candle's close is lower than the first candle's close (if the first candle is bearish) OR lower than the first candle's open (if the first candle is bullish). ⚙️ How to Use: Add the script to your TradingView chart. Adjust settings to enable/disable Bullish or Bearish Engulfing patterns. Enable alerts to receive real-time notifications when a pattern is detected. Use this indicator to support your technical analysis and trade decisions. 📌 Notes: This indicator is best used in combination with other technical analysis tools like support & resistance levels, trendlines, or volume analysis. It works on all timeframes and asset
Pine Script® göstergesi
gastrophollic tarafından
Engulfing Candles (ATR-Based)This indicator detects Engulfing Patterns with an ATR-based filtering mechanism and trend confirmation. Unlike a basic engulfing pattern indicator that only checks if a current candle engulfs the previous one, this script incorporates trend detection using either the 50-period SMA alone or a combination of 50 and 200-period SMAs to ensure that signals align with the broader trend. The indicator identifies Bullish Engulfing patterns when a strong bullish candle engulfs a smaller bearish candle in a downtrend and Bearish Engulfing patterns when a strong bearish candle engulfs a smaller bullish candle in an uptrend. It also generates alerts and visually marks these patterns with labels ("BU" for bullish and "BE" for bearish) while highlighting the background accordingly. What sets this indicator apart from a normal engulfing indicator is its ATR-based filtering system, which ensures that only significant engulfing candles are considered. Instead of accepting any engulfing pattern, the script measures candle body size relative to 1.5x ATR (configurable) to filter out weak signals. It also differentiates between long-bodied and small-bodied candles to confirm that the engulfing pattern represents real momentum shifts. This approach reduces false signals caused by small, insignificant candles and ensures that traders focus on high-probability reversal patterns. By integrating trend-based filtering and ATR-based confirmation, this indicator provides more reliable and context-aware engulfing signals than a standard engulfing pattern detector.
Pine Script® göstergesi
Marc_Thiart tarafından
[S1B] Engulfing Orderblock The Engulfing Orderblock indicator is a custom script designed to visually highlight and track bullish and bearish engulfing patterns on a price chart. These patterns are widely used in technical analysis to identify potential reversal points. The indicator dynamically draws colored boxes around the previous candle involved in the engulfing event, making it easier for traders to spot these setups in the price action. Key Features: Bullish Engulfing Pattern: When a bearish candle (one where the open is higher than the close) is followed by a candle whose close is above the previous candle’s open, the indicator detects a bullish engulfing pattern. A green box is drawn around the previous candle. • Box Style Options: Users can choose whether the box represents the candle’s body (from open to close) or its wick (from open to low). Bearish Engulfing Pattern: When a bullish candle (one where the open is lower than the close) is followed by a candle whose close is below the previous candle’s open, a bearish engulfing pattern is identified. A red box is drawn around the previous candle. • Box Style Options: The box can be drawn using the candle’s body (from close to open) or its wick (from high to open), according to the user’s preference. Dynamic Box Management: Once a box is drawn, the indicator continuously monitors the price. If the price moves beyond the box’s range, the box is either deleted or its color changes to gray, indicating that the pattern’s relevance may be diminishing. Max Pattern Tracking: To prevent clutter, the indicator limits the number of displayed engulfing boxes to 500 by default. Older boxes are removed as new patterns are detected. Customization: Users can adjust the number of previous bars scanned for engulfing patterns as well as the maximum number of patterns displayed. An option is also provided to select whether the box should reflect the candle’s body or include the wick. How It Works: Pattern Detection: The script compares the current price with the previous candle’s data to detect either a bullish or bearish engulfing pattern. Box Creation: When a pattern is detected, a colored box is drawn around the previous candle’s price range (using the user-selected style) to visually highlight the orderblock. Pattern Expiry and Cleanup: The indicator monitors each drawn box, deleting or modifying it (changing the color to gray) if the price moves significantly beyond the box’s range. Remark: The original concept for this indicator is from daisukeburn .
Pine Script® göstergesi
S1l3n7b0b tarafından
1
Triple Doji SequenceThe Triple Doji Sequence indicator helps traders identify consecutive Doji candlestick patterns, allowing them to choose between spotting single, double, or triple Dojis. A Doji is detected when the candle's body is small relative to its wicks, with either the upper or lower wick being significantly larger. Users can customize their own Doji criteria by adjusting the body size and wick dominance settings. The indicator ensures that consecutive Dojis align in the same direction before confirming a valid pattern, making it easier to identify market indecision or potential trend reversals. When the chosen Doji sequence is detected, the indicator plots a star (*) above bearish Dojis (upper wick dominant) and below bullish Dojis (lower wick dominant). It also sends alerts when a valid sequence is confirmed at the close of the bar. This tool helps traders refine their strategy by spotting repeated Doji formations, which may indicate key turning points or continuation patterns in price action. How to Use the Triple Doji Sequence Indicator? Apply the Indicator: Add the Triple Doji Sequence indicator to your TradingView chart. It will automatically scan for Doji patterns based on your settings. Customize Your Doji Criteria: Adjust the body size and wick dominance settings to define what qualifies as a Doji. Choose whether to detect single, double, or triple Doji sequences. Interpret the Signals: A star (*) above a candle signals a bearish Doji (upper wick dominant). A star (*) below a candle signals a bullish Doji (lower wick dominant). Set Up Alerts: Enable alerts to receive notifications when a Doji sequence is confirmed at bar close. Choose alert frequency based on your trading strategy (e.g., once per bar, once per bar close). Use in Trading Strategy: Doji sequences can indicate trend reversals or market indecision. Combine this indicator with support/resistance levels, volume, or other indicators to confirm signals. PS: Good luck in finding a Triple Doji :)
Pine Script® göstergesi
Marc_Thiart tarafından
Candle Size Alertت وضیحات برای انتشار ابزار در TradingView 🔹 نام ابزار: Candle Size Alert 🔹 توضیحات: این اندیکاتور برای شناسایی کندل‌های بزرگ طراحی شده است. این ابزار میانگین اندازه‌ی ۱۰ کندل گذشته را محاسبه کرده و اگر کندل فعلی ۳ برابر میانگین کندل‌های قبلی باشد، یک لیبل هشدار در بالای کندل نمایش می‌دهد. همچنین می‌توان هشدارهای معاملاتی را از طریق alertcondition() فعال کرد. 🔹 ویژگی‌ها: ✅ امکان تغییر تعداد کندل‌های محاسبه شده (پیش‌فرض: ۱۰) ✅ امکان تنظیم ضریب حساسیت (پیش‌فرض: ۳ برابر) ✅ نمایش لیبل هشدار در بالای کندل‌های بزرگ ✅ پشتیبانی از هشدارهای خودکار (AlertCondition) ⚠️ نکته: این اندیکاتور فقط برای تحلیل استفاده می‌شود و سیگنال خرید یا فروش ارائه نمی‌دهد. 🔹 Indicator Name: Candle Size Alert 🔹 Description: This indicator detects large candles by calculating the average size of the last 10 candles. If the current candle is 3 times larger than the average of the previous candles, a warning label appears above the candle. Additionally, automated alerts can be triggered using alertcondition(). 🔹 Features: ✅ Adjustable candle count for calculations (default: 10) ✅ Customizable sensitivity multiplier (default: 3x) ✅ Visual alert label above large candles ✅ Supports automated alerts (AlertCondition) ⚠️ Note: This indicator is for analysis purposes only and does not provide buy/sell signals.
Pine Script® göstergesi
tradermoein tarafından
Previous Day LevelsThis indicator plots the previous day's high, low, and 50% levels, providing a framework for analyzing price behavior relative to these key levels. Full Description: The Previous Day Levels indicator is a tool designed to help traders analyze price action based on key levels from the previous trading session. By plotting the high, low, and mid-point (50%) of the prior day’s range, traders can assess potential market bias and directional tendencies for the current trading day. Key Features: Plots the previous day’s high (100%), low (0%), and intermediate levels (25%, 50%, 75%). Allows users to customize line visibility, color, style, and width. Helps traders identify potential support and resistance zones. Provides a bias framework for determining whether price is more likely to target the previous high or low based on behavior around the 50% level. Use Case: This indicator is particularly useful for intraday and short-term traders who incorporate price action into their strategy. If price trades above the 50% level and holds, it suggests a bullish bias, indicating that price may aim for the previous day's high. If price trades below the 50% level and holds, it suggests a bearish bias, indicating that price may aim for the previous day's low. The high and low levels can act as key support and resistance zones, where price may react or reverse. How to Use: Apply the indicator to your chart. Observe how price interacts with the 50% level. Use price behavior around these levels to establish a directional bias. Adjust the line styles and colors to match your personal preference. Disclaimer: This indicator is a tool for market analysis and does not provide financial advice. Always perform your own analysis and risk management when trading.
Pine Script® göstergesi
Emoprince tarafından
Wick Highlighter- Description This script is a custom Multi-Wick Zone Highlighter that detects and highlights significant candle wicks on your chart. It is designed to work across multiple timeframes and uses time‑anchored boxes to “stick” to the original wick levels, ensuring that highlighted zones remain fixed even when panning or zooming the chart. - Key Features Wick Detection: The script examines each candle to determine whether its upper or lower wick exceeds a user‑defined minimum size. Only wicks that meet or exceed this threshold are considered significant and trigger the creation of a highlight zone. Zone Creation and Removal: When a qualifying wick is detected, the script creates a colored zone (using anchored boxes) that spans from the wick tip to the candle’s body (top for upper wicks and bottom for lower wicks). Each zone remains visible until it is “filled” by subsequent price action. The fill condition is determined by a user‑adjustable fill percentage. For example, setting the fill percentage to 100% will remove the zone once the next candle’s high (for an upper wick) or low (for a lower wick) reaches the corresponding body level. Multiple Zones: This indicator supports multiple simultaneous zones. Each wick that qualifies is independently tracked and will not be overwritten by a later candle unless its fill condition is met. Separate flags ensure that if a candle fills an existing zone on one side, it does not create a new zone on that same side, maintaining clarity on your chart. Time-Anchored Positioning: To keep zones properly anchored even when you change timeframes or pan the chart, the script uses the bar’s time value rather than the bar index. This ensures that each zone remains fixed to the specific price levels where the wick was detected. - Usage Notes User-Adjustable Inputs: Minimum Wick Size (Points): Set the minimum wick length to trigger a zone. Wick Fill Percentage (%): Set the percentage into the wick at which the zone is considered filled and will be removed. Zone Extend Bars: Control how far to the right (in terms of bars) each zone is extended. Ideal For: Traders who wish to visually identify key price zones based on significant candle wicks, and who require these zones to remain fixed and clear on the chart until they are actively filled by subsequent price movement.
Pine Script® göstergesi
Roulettistaa tarafından
MainFX session indicatorScript Title: MainFX Session Indicator with Customizable Lines Overview: This script is designed to help traders visually identify key market sessions on their TradingView charts. It marks both the opening and closing of major sessions (Frankfurt, London, New York, Sydney, and Tokyo) by drawing lines and labels on the chart. The indicator is highly customizable, allowing you to define specific session times, choose your preferred time zone, and adjust the visual appearance of all lines. Key Features: Custom Session Times: Each session’s start and end times are defined by user inputs in a simple HHMM-HHMM format. This means you can adjust the sessions to match the exact market hours you follow, making the indicator flexible for different trading strategies and markets. Time Zone Flexibility: The "Chart/Local Time Zone" input lets you override the default time zone of your chart. By setting a specific time zone (e.g., "Africa/Lagos" or "Africa/Accra"), the script calculates session start and end events relative to that zone. This ensures that, regardless of where you are trading from, the session markers accurately reflect the intended market hours and adjust automatically for Daylight Saving Time if applicable. Open Range Levels (ORH/ORL): When a session opens or closes, the script draws horizontal lines at the high and low of the candle immediately before the event. These levels act as the Open Range High (ORH) and Open Range Low (ORL) markers. They serve as key reference points for traders to gauge price levels established just before a session change. Customizable Visuals: Every visual element is customizable. You can adjust the color, width, and style (defaulting to a dotted line) of both the ORH/ORL lines and the combined session lines that label open and close events. This allows you to tailor the indicator to match your charting style and ensure that the lines stand out clearly. Session Event Detection: The script utilizes helper functions to check each bar on the chart. It compares the current bar’s session status with that of the previous bar to determine whether a session has just started or ended. When such a transition is detected, it triggers the drawing of the appropriate lines and labels. Optimized for Intraday Trading: Since the script’s functionality is based on minute-level bar changes, it is best used on 1-minute or lower timeframes. This ensures precision in marking the exact moments when sessions transition, which is critical for intraday trading strategies. How It Works: Session Timing: The script calculates the session periods using the time() function with the user-defined session strings and time zone. This makes it independent of the chart’s inherent time settings. Event Triggering: When the current bar transitions into or out of a session (i.e., the session status changes between bars), the script detects this change. It then draws horizontal lines at the previous candle’s high and low (marking ORH and ORL) and adds session labels for clarity. Visual Customization: Users can easily change the appearance of the drawn lines and session labels via the script’s input options, ensuring that the indicators are both aesthetically pleasing and functionally clear. Usage: For Traders: Use this indicator to keep track of critical market sessions and to spot participants in the session. Customization: Adjust session times and the time zone to suit your local market or the specific market you are analyzing. Visual Clarity: Customize line styles to ensure that your chart remains clear and that the session markers are easy to interpret even during overlapping sessions.
Pine Script® göstergesi
DMainFXTrade tarafından
Marubozu and Strong Candle DetectorMarubozu and Strong Candle Detector - Indicator Description This TradingView Pine Script indicator identifies powerful price action signals by detecting two key candle types that can signal strong market momentum: What It Detects 1. Marubozu Candles: These are candles with little to no wicks, where the body makes up almost the entire candle. Marubozu means "bald head" or "shaved head" in Japanese, referring to the absence of shadows (wicks). o Bullish Marubozu: A green/up candle with minimal wicks, showing buyers controlled the entire session o Bearish Marubozu: A red/down candle with minimal wicks, showing sellers dominated the session 2. Strong Candles: These are candles that are significantly larger than the recent average, suggesting exceptional momentum. o Strong Bullish: Large green/up candles showing powerful buying pressure o Strong Bearish: Large red/down candles showing powerful selling pressure Trading Significance • Bullish Marubozu/Strong Bullish Candles: Often signal the beginning of bullish trends or strong continuation of existing uptrends. These can be excellent entry points for long positions. • Bearish Marubozu/Strong Bearish Candles: Often indicate the start of bearish trends or powerful continuation of existing downtrends. These can be good entry points for short positions or exit points for long positions. Key Features • Customizable Parameters: Adjust sensitivity for body ratio threshold and size comparison • Visual Indicators: Easy-to-spot markers appear on your charts • Information Display: Shows key metrics about the current candle • Alert System: Set notifications for when significant candles form How To Use This Indicator 1. For Entry Signals: o Look for bullish Marubozu/strong bullish candles at support levels or after pullbacks o Look for bearish Marubozu/strong bearish candles at resistance levels or after rallies 2. For Exit Signals: o Consider taking profits on long positions when bearish Marubozu/strong bearish candles appear o Consider taking profits on short positions when bullish Marubozu/strong bullish candles appear 3. For Trend Confirmation: o Multiple signals in the same direction strengthen the case for a trend This indicator works best on larger timeframes (1H, 4H, Daily) where candle formations have more significance, but can be applied to any timeframe based on your trading style.
Pine Script® göstergesi
ShirishShringare tarafından
Black Tie Report FrameworkThe Black Tie Report Framework indicator is a market structure and bias analysis tool designed to provide traders with key price levels, session insights, and trend classification. Key Features: - Daily Separators: Automatically marks the start of each trading day for better session tracking. - Bias Framework: Allows users to set a custom timeframe (e.g., daily, weekly, or monthly) to establish bullish, bearish, or neutral bias based on price action. - Session Markers: Highlights key trading sessions such as Asia, London, and New York to identify volume shifts. - Liquidity Levels: Plots significant highs and lows from different timeframes, helping traders focus on key liquidity zones. - Automated Trend Identification: Uses predefined conditions to classify market direction and potential reversal points. This framework is useful for traders looking to integrate objective market structure analysis into their strategy, eliminating noise and providing clear, actionable price levels for decision-making.
Pine Script® göstergesi
BlackTieCrypto tarafından
LRLR [TakingProphets]LRLR (Low Resistance Liquidity Run) Indicator This indicator identifies potential liquidity runs in areas of low resistance, based on ICT (Inner Circle Trader) concepts. It specifically looks for a series of unmitigated swing highs in a downtrend that form without any bearish fair value gaps (FVGs) between them. What is an LRLR? - A Low Resistance Liquidity Run occurs when price creates a series of lower highs without any bearish fair value gaps in between - The absence of bearish FVGs indicates there is no significant resistance in the area - These formations often become targets for smart money to collect liquidity above the swing highs How to Use the Indicator: 1. The indicator will draw a diagonal line connecting a series of qualifying swing highs 2. A small "LRLR" label appears to mark the pattern 3. These areas often become targets for future price moves, as they represent zones of accumulated liquidity with minimal resistance Key Points: - Minimum of 4 consecutive lower swing highs - No bearish fair value gaps can exist between these swing highs - The diagonal line helps visualize the liquidity run formation - Can be used for trade planning and identifying potential reversal zones Settings: - Show Labels: Toggle the "LRLR" label visibility - LRLR Line Color: Customize the appearance of the diagonal line Best Practices: 1. Use in conjunction with other ICT concepts and market structure analysis 2. Pay attention to how price reacts when returning to these levels 3. Consider these areas as potential targets for smart money liquidity grabs 4. Most effective when used on higher timeframes (4H and above) Note: This is an educational tool and should be used as part of a complete trading strategy, not in isolation.
Pine Script® göstergesi
TakingProphets tarafından
3