Fair Value GapsFair Value Gaps Indicator
The Fair Value Gaps (FVG) Indicator is a sleek, lightweight tool designed to identify and display unfilled fair value price gaps on any chart and timeframe. It dynamically updates as price moves into gaps, shrinking the displayed area to show only the remaining unfilled portion until the gap is fully closed. With a user-friendly settings panel, traders can customize visuals to suit their style, including a minimalist version.
Features
When a valid FVG is detected through a three-candle pattern, a box appears, highlighting the precise gap range. As price enters the gap, the box adjusts to reflect the remaining unfilled area, and when fully filled, the gap is deleted, allowing new gaps to appear. The settings panel offers robust customization for a tailored experience.
Preset Styles :
Custom : Define your own color and zone extension settings. (Default)
Blue Boxes : Blue gaps with 85% transparency and zones extended to the right.
Minimalist Yellow : Yellow gaps with 75% transparency, confined to the original gap area on the candlestick.
Color : Change the gap color and transparency.
Extend FVG Zone : Enable or disable zone extension to the right.
Show Borders : Toggle subtle borders on or off for enhanced visibility.
Maximum FVGs Displayed : Change the number of gaps displayed on the chart.
Thank you for your interest in my work. I use these fair value gaps as part of my trade trigger for many of my trade entries almost every day. If you have any comments, bugs, or suggestions, please leave them here, or you can find me on Twitter or Discord.
@ ContrarianIRL
Open-source developer for over 25 years
Grafik Paternleri
Multi Horizontal Lines 1000 Bars
This indicator is not my code, I have copied this from another user and extened the lines so they go back 1000 bars for back testing.
I use this indicator to trade Crude Oil and set the horizontal lines to 20 cents increments, 0.2 is 20 cents. You can change the horizontal lines to any price distance to suit your style of trading.
My idea is when price crosses over a horizontal line I will enter a trade long or short looking to secure 20 cents.
Market Structure by HorizonAIThis indicator shows market structure with BOS and CHoCH, also Order block and FVG.
Multi-Confluence Swing Hunter V1# Multi-Confluence Swing Hunter V1 - Complete Description
Overview
The Multi-Confluence Swing Hunter V1 is a sophisticated low timeframe scalping strategy specifically optimized for MSTR (MicroStrategy) trading. This strategy employs a comprehensive point-based scoring system that combines optimized technical indicators, price action analysis, and reversal pattern recognition to generate precise trading signals on lower timeframes.
Performance Highlight:
In backtesting on MSTR 5-minute charts, this strategy has demonstrated over 200% profit performance, showcasing its effectiveness in capturing rapid price movements and volatility patterns unique to MicroStrategy's trading behavior.
The strategy's parameters have been fine-tuned for MSTR's unique volatility characteristics, though they can be optimized for other high-volatility instruments as well.
## Key Innovation & Originality
This strategy introduces a unique **dual scoring system** approach:
- **Entry Scoring**: Identifies swing bottoms using 13+ different technical criteria
- **Exit Scoring**: Identifies swing tops using inverse criteria for optimal exit timing
Unlike traditional strategies that rely on simple indicator crossovers, this system quantifies market conditions through a weighted scoring mechanism, providing objective, data-driven entry and exit decisions.
## Technical Foundation
### Optimized Indicator Parameters
The strategy utilizes extensively backtested parameters specifically optimized for MSTR's volatility patterns:
**MACD Configuration (3,10,3)**:
- Fast EMA: 3 periods (vs standard 12)
- Slow EMA: 10 periods (vs standard 26)
- Signal Line: 3 periods (vs standard 9)
- **Rationale**: These faster parameters provide earlier signal detection while maintaining reliability, particularly effective for MSTR's rapid price movements and high-frequency volatility
**RSI Configuration (21-period)**:
- Length: 21 periods (vs standard 14)
- Oversold: 30 level
- Extreme Oversold: 25 level
- **Rationale**: The 21-period RSI reduces false signals while still capturing oversold conditions effectively in MSTR's volatile environment
**Parameter Adaptability**: While optimized for MSTR, these parameters can be adjusted for other high-volatility instruments. Faster-moving stocks may benefit from even shorter MACD periods, while less volatile assets might require longer periods for optimal performance.
### Scoring System Methodology
**Entry Score Components (Minimum 13 points required)**:
1. **RSI Signals** (max 5 points):
- RSI < 30: +2 points
- RSI < 25: +2 points
- RSI turning up: +1 point
2. **MACD Signals** (max 8 points):
- MACD below zero: +1 point
- MACD turning up: +2 points
- MACD histogram improving: +2 points
- MACD bullish divergence: +3 points
3. **Price Action** (max 4 points):
- Long lower wick (>50%): +2 points
- Small body (<30%): +1 point
- Bullish close: +1 point
4. **Pattern Recognition** (max 8 points):
- RSI bullish divergence: +4 points
- Quick recovery pattern: +2 points
- Reversal confirmation: +4 points
**Exit Score Components (Minimum 13 points required)**:
Uses inverse criteria to identify swing tops with similar weighting system.
## Risk Management Features
### Position Sizing & Risk Control
- **Single Position Strategy**: 100% equity allocation per trade
- **No Overlapping Positions**: Ensures focused risk management
- **Configurable Risk/Reward**: Default 5:1 ratio optimized for volatile assets
### Stop Loss & Take Profit Logic
- **Dynamic Stop Loss**: Based on recent swing lows with configurable buffer
- **Risk-Based Take Profit**: Calculated using risk/reward ratio
- **Clean Exit Logic**: Prevents conflicting signals
## Default Settings Optimization
### Key Parameters (Optimized for MSTR/Bitcoin-style volatility):
- **Minimum Entry Score**: 13 (ensures high-conviction entries)
- **Minimum Exit Score**: 13 (prevents premature exits)
- **Risk/Reward Ratio**: 5.0 (accounts for volatility)
- **Lower Wick Threshold**: 50% (identifies true hammer patterns)
- **Divergence Lookback**: 8 bars (optimal for swing timeframes)
### Why These Defaults Work for MSTR:
1. **Higher Score Thresholds**: MSTR's volatility requires more confirmation
2. **5:1 Risk/Reward**: Compensates for wider stops needed in volatile markets
3. **Faster MACD**: Captures momentum shifts quickly in fast-moving stocks
4. **21-period RSI**: Reduces noise while maintaining sensitivity
## Visual Features
### Score Display System
- **Green Labels**: Entry scores ≥10 points (below bars)
- **Red Labels**: Exit scores ≥10 points (above bars)
- **Large Triangles**: Actual trade entries/exits
- **Small Triangles**: Reversal pattern confirmations
### Chart Cleanliness
- Indicators plotted in separate panes (MACD, RSI)
- TP/SL levels shown only during active positions
- Clear trade markers distinguish signals from actual trades
## Backtesting Specifications
### Realistic Trading Conditions
- **Commission**: 0.1% per trade
- **Slippage**: 3 points
- **Initial Capital**: $1,000
- **Account Type**: Cash (no margin)
### Sample Size Considerations
- Strategy designed for 100+ trade sample sizes
- Recommended timeframes: 4H, 1D for swing trading
- Optimal for trending/volatile markets
## Strategy Limitations & Considerations
### Market Conditions
- **Best Performance**: Trending markets with clear swings
- **Reduced Effectiveness**: Highly choppy, sideways markets
- **Volatility Dependency**: Optimized for moderate to high volatility assets
### Risk Warnings
- **High Allocation**: 100% position sizing increases risk
- **No Diversification**: Single position strategy
- **Backtesting Limitation**: Past performance doesn't guarantee future results
## Usage Guidelines
### Recommended Assets & Timeframes
- **Primary Target**: MSTR (MicroStrategy) - 5min to 15min timeframes
- **Secondary Targets**: High-volatility stocks (TSLA, NVDA, COIN, etc.)
- **Crypto Markets**: Bitcoin, Ethereum (with parameter adjustments)
- **Timeframe Optimization**: 1min-15min for scalping, 30min-1H for swing scalping
### Timeframe Recommendations
- **Primary Scalping**: 5-minute and 15-minute charts
- **Active Monitoring**: 1-minute for precise entries
- **Swing Scalping**: 30-minute to 1-hour timeframes
- **Avoid**: Sub-1-minute (excessive noise) and above 4-hour (reduces scalping opportunities)
## Technical Requirements
- **Pine Script Version**: v6
- **Overlay**: Yes (plots on price chart)
- **Additional Panes**: MACD and RSI indicators
- **Real-time Compatibility**: Confirmed bar signals only
## Customization Options
All parameters are fully customizable through inputs:
- Indicator lengths and levels
- Scoring thresholds
- Risk management settings
- Visual display preferences
- Date range filtering
## Conclusion
This scalping strategy represents a comprehensive approach to low timeframe trading that combines multiple technical analysis methods into a cohesive, quantified system specifically optimized for MSTR's unique volatility characteristics. The optimized parameters and scoring methodology provide a systematic way to identify high-probability scalping setups while managing risk effectively in fast-moving markets.
The strategy's strength lies in its objective, multi-criteria approach that removes emotional decision-making from scalping while maintaining the flexibility to adapt to different instruments through parameter optimization. While designed for MSTR, the underlying methodology can be fine-tuned for other high-volatility assets across various markets.
**Important Disclaimer**: This strategy is designed for experienced scalpers and is optimized for MSTR trading. The high-frequency nature of scalping involves significant risk. Past performance does not guarantee future results. Always conduct your own analysis, consider your risk tolerance, and be aware of commission/slippage costs that can significantly impact scalping profitability.
StratNinjaTableStratNinjaTable – Multi-Timeframe The Strat Candle Pattern Table
This Pine Script indicator provides traders with a dynamic table overlay on the chart that displays The Strat candle patterns across multiple selectable timeframes. The table includes:
The candle pattern according to The Strat method (1, 2UP, 2DOWN, 3) for each chosen timeframe
Direction arrows showing bullish (▲), bearish (▼), or neutral (■) candle direction
Real-time countdown timer showing remaining time until the current candle closes, adapting automatically to daily, weekly, monthly, and longer timeframes
User inputs for selecting which timeframes to display and positioning of the table on the chart
The current ticker symbol and chart timeframe displayed prominently
The script is developed using Pine Script version 6 and is inspired by the work of shayy110, who contributed foundational code for The Strat methodology in TradingView.
Heatmap w/ ATRThis script combines Heatmap Volume with a scaled ATR (Average True Range) overlay for dynamic market insight. Volume bars are color-coded based on how many standard deviations they deviate from a moving average, helping identify spikes, absorption, or anomalies.
The ATR is scaled relative to the maximum volume observed to maintain visual alignment in the same pane. This allows traders to compare price volatility (ATR) against real market activity (volume) in one view.
Use this overlay to:
Spot high-volatility, high-conviction moves (rising ATR + red/orange bars)
Detect low-volume fakeouts (high ATR, cool-colored bars)
Identify compression zones before expansion (low ATR + normal volume)
DaringBull Arvind MACD GAPS MA CrossoverTo generate buy and sell signals based on a combination of MACD crossover events and histogram behavior, particularly around the zero line. This is used to identify early momentum reversals for entry and exit points in the market.
📐 MACD Setup
Uses customizable MACD parameters (defaults: Fast = 12, Slow = 26, Signal = 9).
Calculates:
MACD Line
Signal Line
Histogram (difference between MACD and Signal)
✅ Buy Conditions
A buy signal is plotted when all three of the following occur:
MACD Line crosses above Signal Line (bullish crossover).
MACD Line is still below or near the zero line (< 0.05) – indicates early reversal from a bearish zone.
First green histogram bar appears (current bar is > 0 and previous was ≤ 0) – confirming momentum shift.
➡️ When these align, a blue circle is plotted below the price bar.
❌ Sell Conditions
A sell signal is plotted when all three of the following occur:
MACD Line crosses below Signal Line (bearish crossover).
MACD Line is still above or near the zero line (> -0.05) – indicates early weakness after a bullish move.
First red histogram bar appears (current bar is < 0 and previous was ≥ 0) – confirming loss of momentum.
➡️ When these align, a red circle is plotted above the price bar.
📊 Visualization
Buy/Sell markers appear on the price chart for visual entry/exit cues.
MACD line, Signal line, and Zero line are optionally plotted for deeper analysis.
📌 Key Insights
This script aims to enter trades early in trend reversals by using MACD in conjunction with histogram shifts near the zero line.
It's especially useful in gap trading, mean reversion, or breakout confirmation setups.
The optional plot toggle allows switching between overlay and non-overlay views.
⚡ HMA PowerPlay Strategy ⚡The ⚡ HMA PowerPlay Strategy ⚡ is a highly filtered momentum-based strategy that combines trend-following and volatility breakout logic. It is designed for precision entries during strong directional moves.
**Key Features:**
- Dual HMA filtering (short-term and long-term)
- Strong bullish/bearish candle detection
- ATR-based dynamic stop loss and R-multiple targets
- Volume confirmation filter
- RSI + MACD oscillator conditions for additional confirmation
- Entry checklist panel for transparent signal breakdown
- Oscillator and price panel for deeper context
- Supports both long and short signals
Ideal for traders who want visual clarity, data-backed entries, and structured position management.
Developed and optimized by IMSHAHROKH.
MSFT Bias at NYSE Open (9:30 ET)have an 85% bias accuracy rate with this indicator. wait for market open
SUPER_STRATEGY_For_Swing 20%This indicator is designed for swing traders looking to capture quick 20% gains from stocks that show strong rise/fall patterns. It identifies significant reversal points and sets a clear entry and target level based on past price action.
How it works:
Detects strong moves (up or down) and marks potential swing trade setups.
Entry is triggered when price returns to the identified level — a proven zone for high-probability trades.
If price does not return to the entry level within 1 year, the signal is considered invalid.
Ideal for spotting repeatable swing opportunities where risk-reward is favorable.
This strategy helps you time your entries with confidence and exit at logical target zones, cutting out the noise and emotional trades.
*please explore well on stock selection and back testing.
Breakout Strength Radar🚀 What It Does:
The Breakout Strength Radar tells you:
✅ Trend direction: Bullish / Bearish / Neutral
✅ Trend slope: Rising / Falling / Flat
→ Is the trend gaining strength or fading?
✅ Momentum: Strong Bullish / Strong Bearish / Neutral
→ Is there fuel behind the move?
✅ Volatility condition: Expanding / Contracting / Stable
→ Is the market opening up (breakout likely) or squeezing (consolidation)?
✅ Breakout Watch:
→ Tells you when the market just shifted from a squeeze to expansion — this is prime breakout territory.
🏗️ How It Works Under The Hood:
📈 Trend:
→ Compares EMA 50 vs EMA 200. Standard institutional trend filter.
⛰️ Slope:
→ Checks whether EMA50 is rising, falling, or flat based on its slope over the past 5 bars.
🚀 Momentum:
→ Uses RSI:
→ RSI > 55 → Momentum Bullish
→ RSI < 45 → Momentum Bearish
→ RSI between 45-55 → Neutral / No strong pressure
🌪️ Volatility:
→ Uses Bollinger Band Width (BB Width):
→ Expanding → Breakouts, volatility rising.
→ Contracting → Squeeze, compression, range.
💥 Breakout Watch:
→ Triggers when volatility was contracting for 5 candles → then starts expanding.
→ This often precedes massive directional moves.
🎯 How to Use It for Swing Trades:
🔥 Prime Swing Setup Checklist:
→ ✅ Trend: Bullish or Bearish (no Neutral).
→ ✅ Slope: Rising (Bull) or Falling (Bear).
→ ✅ Momentum: Strong Bullish or Strong Bearish.
→ ✅ Volatility: Expanding.
→ ✅ Breakout Watch: Active → If it just flipped from contraction to expansion, this is often the start of the move.
→ → This is a high-conviction swing setup.
🔥 Swing Entry Example (Long):
→ Trend: Bullish
→ Slope: Rising
→ Momentum: Strong Bullish
→ Volatility: Expanding
→ Breakout Watch: Active (optional but ideal)
→ ✅ → Look for pullbacks to support zones, moving averages, or breaks of recent highs.
→ Entry → On pullback confirmation or breakout candle.
→ Stop → Below swing low / ATR stop.
→ TP → Based on Risk/Reward or prior highs.
🔥 Swing Entry Example (Short):
→ Trend: Bearish
→ Slope: Falling
→ Momentum: Strong Bearish
→ Volatility: Expanding
→ ✅ Ideal when price is breaking down from a squeeze or retesting failed support.
🚫 Avoid Trades When:
Trend is Neutral.
Slope is Flat.
Volatility is Contracting.
Momentum is Neutral.
→ These are chop conditions → low win rate → avoid.
🧠 Pro Tips:
📊 Combine it with structure: Use it with supply/demand, support/resistance zones, or liquidity levels.
⏳ Hold during expansions: As long as Volatility = Expanding, the move often continues.
🚩 Exit or tighten stops if: Volatility contracts and slope flattens → move may be done.
🔥 Breakout Watch Active: Means a squeeze just broke → often the start of large moves.
🏆 Bottom Line:
→ This tool isn’t about buy/sell signals.
→ It’s a market condition scanner that tells you:
“Is this a time to hunt aggressive swing trades or stand down?”
→ When all conditions align → You have a high-probability trade environment.
Cumulative Volume Delta with MAfor higher timeframes , i use 9 or 11 ema , and 5 seconds on 1 day. moving average of the cvd not the raw volume . i use it with the impulse macd and find momentum trades or selloffs when moving averages cross .
ROGUE ICT PRORogue ICT PRO — Smart Money Confluence Tool
The Rogue ICT Buy/Sell indicator is a precision-built, multi-confirmation tool inspired by Inner Circle Trader (ICT) concepts. It identifies high-probability trade setups using market structure, fair value gaps, killzone sessions, and higher timeframe trend alignment.
✅ Core Features
🔹 Market Structure Shift (MSS)
Detects clean breaks of swing highs or lows, indicating potential trend continuation or reversal.
🔹 Fair Value Gap Detection (FVG)
Automatically highlights institutional imbalances — essential ICT confluence zones.
🔹 Smart Killzone Filtering
Signals only trigger during high-liquidity sessions:
Asian (19:00–22:00)
London (02:00–05:00)
New York (07:00–10:00)
Each session is color-highlighted on the chart.
🔹 HTF EMA Bias Filter
Only trades in the direction of the Higher Timeframe 50 EMA (e.g., 1H on 5M chart). This ensures entries align with institutional directional bias. I have default set to the Daily 9 EMA but can be changed to your preference.
🔹 ATR-Based Stop Loss & Take Profit Lines
SL is calculated using ATR × multiplier
TP is placed using a customizable Risk-Reward Ratio
Both levels are plotted on the chart with "SL" and "TP" labels.
🔹 Cooldown Logic
Prevents overtrading by requiring a minimum number of bars between each signal.
OPR Asia-New-York [Elykia]This Pine Script indicator, called "OPR Asia-New-York ", displays time-based boxes corresponding to two specific trading periods known as OPR (Opening Price Range):
🎯 Purpose of the Indicator:
To visualize two key market time windows (morning and afternoon) as extended boxes, helping with technical analysis around opening ranges.
🕒 Two sessions displayed as boxes:
🔹 Morning OPR:
Default: from 09:00 to 09:15 (configurable)
The box extends until 10:30.
It captures the highest and lowest candle within this interval.
🔸 Afternoon OPR:
Default: from 15:30 to 15:45
The box extends until 17:30.
Follows the same logic as the morning session.
⚙️ Dashboard Options:
Enable or disable the morning or afternoon box individually
Select the timezone (e.g., GMT+2)
Customize all colors (morning/afternoon boxes, median line)
Set your own start/end/extension times for each session
📦 Each box includes:
A colored rectangle showing the price range (high/low)
A dotted median line between the high and low
The box and line extend until the end time defined
🧠 Usefulness for Traders:
Identify liquidity zones or consolidation areas
Trade setups like liquidity grabs, breakouts, or fakeouts around the OPR
Align with ICT methods or scalping strategies based on session behavior
CVD with Dual MAprefered settings.
Cvd 5 seconds on 1 minute timeframe . this indicator also has moving averages . i prefer the 21 or 30 ema and the 90 or 120 ema for the other. smaller timeframe means you can see more cvd vs using 1 minute on 1 minute . the middle line acts as a definitive decision for a short because if price is also below vwap and is approaching the middle line it is more likely to go down, use the ma crosses to signal some buying momentum rising and they are the ema of the CVD not total raw volume . i use this also on 15 m but with the single cvd moving average . which is separate indicator because of some syntax error idk bro had to make a separate one for higher timeframe.
Market Direction Arrowsmy indicater when market is up trend they show green arrow when market is down trend they
show red arrow confirm my indicater never fail
Multi Horizontal Lines 1000 BarsThis indicator is is not my code, I have copied this from another user and extened the lines so they go back 1000 bars for back testing.
I use this indicator to trade Crude Oil and set the horizontal lines to 20 cents increments, 0.2 is 20 cents. You can change the horizontal lines to any price distance to suit your style of trading.
My idea is when price crosses over a horizontal line I will enter a trade long or short looking to secure 20 cents.
Step 1: Draw Thursday HighScript Description: Thursday High Marker
This is an automated charting tool designed to identify the high of each Thursday and display it as a key reference level for future trading sessions.
Core Functionality:
The script's logic is simple and precise. It waits for the trading session on Thursday to complete. At the very beginning of Friday, it looks back, finds the highest price from Thursday, and draws a clean, white horizontal line at that level.
Key Features:
Automatic: You don't need to do anything. The script finds and draws the level on its own every week.
Forward-Looking: The line extends to the right indefinitely, allowing you to see how future price action interacts with this key level.
Self-Cleaning: To keep your chart uncluttered, the script automatically deletes the previous week's line when it draws the new one.
Lightweight: It performs a single, simple task, so it doesn't slow down your chart.
Purpose in Trading:
Traders use this kind of indicator to track significant weekly price points. The high of a late-week session like Thursday is often considered an important liquidity level. A break above this line can signal bullish strength or a "liquidity sweep," making it a valuable point of interest for making trading decisions on Friday and into the following week.
Volatility Index Percentile Risk STOCK StrategyVolatility-Index Percentile Risk STOCK Strategy
──────────────────────────────────────────────
PURPOSE
• Go long equities only when implied volatility (from any VIX-style index) is in its quietest percentile band.
• Scale stop-loss distance automatically with live volatility so risk stays proportional across timeframes and market regimes.
HOW IT WORKS
1. Pull the closing price of a user-selected volatility index (default: CBOE VIX, Nasdaq VXN, etc.).
2. Compute its 1-year (252-bar) percentile.
– If percentile < “Enter” threshold → open / maintain long.
– If percentile > “Exit” threshold → flatten.
3. Set the stop-loss every bar at:
SL % = (current VIX value) ÷ Risk Divisor
(e.g., VIX = 20 and divisor = 57 → 0.35 % SL below entry).
This keeps risk tighter when volatility is high and looser when it’s calm.
USER INPUTS
• VIX-style Index — symbol of any volatility index
• Look-back — length for percentile (default 252)
• Enter Long < Percentile — calm-market trigger (default 15 %)
• Exit Long > Percentile — fear trigger (default 60 %)
• Risk Divisor (SL) — higher number = tighter stop; start with 57 on 30-min charts
• Show Debug Plots — optional visibility of percentile & SL%
RECOMMENDED BACK-TEST SETTINGS
• Timeframe: 30 min – Daily on liquid stocks/ETFs highly correlated to the chosen VIX.
• Initial capital: 100 000 | Order size: 10 % of equity
• Commission: 0.03 % | Slippage: 5 ticks
• Enable *Bar Magnifier* and *Fill on bar close* for realistic execution.
ADDITIONAL INFORMATION
• **Self-calibrating risk** – no static ATR or fixed %, adapts instantly to changing volatility.
• **Percentile filter** – regime-aware entry logic that avoids false calm periods signalled by raw VIX levels.
• **Timeframe-agnostic** – works from intraday to weekly; √T-style divisor lets you fine-tune stops quickly ,together with the percentiles and days length.
• Zero look-ahead.
CAVEATS
• Long-only; no built-in profit target. Add one if your plan requires fixed R:R exits.
• Works best on indices/stocks that move with the selected vol index.
• Back-test results are educational; past performance never guarantees future returns.
LICENSE & CREDITS
Released under the Mozilla Public License 2.0.
Inspired by academic research on volatility risk premia and mean-reversion.
DISCLAIMER
This script is for informational and educational purposes only. It is **not** financial advice. Use at your own risk.
ZY Legend StrategyThe ZY Legend Strategy indicator closely follows the trend of the parity. It produces trading signals in candles where the necessary conditions are met and clearly shows these signals on the chart. Although it was produced for the scalp trade strategy, it works effectively in all time frames. 'DEAD PARITY' signals indicate that healthy signals cannot be generated for the relevant parity due to shallow ATR. It is not recommended to trade on parities where this signal appears.
FutureObitz Bank LevelsFutureObitz Bank Levels - Daily Structure & Trading Zones
"The Obitz Bank Levels indicator is a powerful tool designed to help traders identify key daily structural price levels. It automatically extracts the 1 hour and 4 hour High and 1 hour and 4 hour Low. You may also use this indicator for lower timeframes aswell. Going lower than 15 min is not recommended.
What This Indicator Provides:
Dynamic Daily Levels: Calculates and plots the Daily High, Daily Low, Middle, Middle High, and Middle Low of the current trading day. These lines provide clear reference points for price action.
Defined Buy & Sell Zones: Visualizes potential accumulation (Buy Zone) and distribution (Sell Zone) areas. These zones are calculated as a customizable percentage (via inputs) above/below the 'Middle' of the daily range, helping to identify potential entry or exit points.
Multi-Timeframe Compatibility: Displays the exact same daily levels regardless of your active chart's timeframe, offering a consistent higher-timeframe perspective for intraday traders.
Visual Clarity: Includes filled zones for better visualization of the Buy and Sell areas.
Optional Labels: Provides clear labels for the latest daily levels (D. High, D. Low, D. Middle, D. Buy Zone, D. Sell Zone) on the last bar of your chart for quick reference.
This indicator serves as a robust framework for understanding daily market structure and can assist in identifying potential areas of support, resistance, and trading opportunities. It's an excellent tool for traders who rely on clear, higher-timeframe levels to inform their trading decisions.
-FutureObitz
🟢 Clean BUY/SELL Signal (All Filters Hidden)fgchavsbmn,cakhscb kals dcaljks cjas ckjasclkasnd.ask dfhg asdhj askgd hjaksdmvhagsbjdkn abs dnljasd
