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Session Anchored OIWAP [Arjo]The Session Anchored OIWAP (Open Interest Weighted Average Price) indicator shows you a weighted average price that uses Open Interest (OI) changes during different trading sessions . It divides the day into four clear sessions: Opening Hour , Morning Session , Mid-Day Session , and Closing Session . For each session , it calculates a weighted average price using both market price and open interest data from futures . This line updates as the session progresses and resets when a new session starts . You can also see optional deviation bands that you visually compare to how far the market price is moving away from the session’s weighted average. This indicator also helps you watch how Open Interest changes connect with price movements during specific market hours. Concepts This tool works on a few simple ideas: Session anchoring Each session starts fresh. The indicator resets and begins a new calculation when a new time block begins. This allows users to visually study each session independently. Open-interest weighting Instead of treating all price moves equally, price changes linked to higher open-interest activity have more influence on the OIWAP. This gives a weighted reflection of where the market has been trading during the session. Averaging and smoothing The OIWAP line blends many price data points into one smooth curve, making it easier to follow than raw price movement. Volatility display with bands The upper and lower bands are placed at ±0.5 standard deviation from the OIWAP line. These bands simply help you see when price stretches further away than usual from the session average. Features Four Independent Session Calculations: Shows separate OIWAP lines for Opening Hour (default: 09:15-10:15), Morning (10:15-11:30), Mid-Day (11:30-14:00), and Closing (14:00-15:30) sessions Open Interest Weighting: Uses absolute OI change as the weight instead of traditional volume Customizable Session Times: You can change the time ranges for each session to match your market or what you need Optional Deviation Bands: You can turn ±0.5 standard deviation bands on or off around each OIWAP line Color-Coded Sessions: Each session has its own color so you can tell them apart easily Selective Display: You can turn individual sessions and bands on or off Data Availability Check: Shows you a notification when Open Interest data isn't available for your symbol Adjustable Position Timeframe: You can calculate OI changes on different timeframes (Chart, Daily, 15min, 30min, 60min, 120min) How to use Add this indicator to a chart of any symbol that has Open Interest data ( from futures or derivatives contracts). Once you add it, you'll see colored lines showing the OIWAP for each session you enable, along with optional deviation bands. Adjusting Settings: Turn individual sessions on or off using the checkboxes in the " Sessions " section Change session colors to match your chart or what looks good to you Turn deviation bands on or off using the " Show Bands " option in the Display settings Change session time ranges in the " Session Times " section to match your market hours or what you want to analyze Change the Position Timeframe if you want to see OI changes calculated on a different time period Visual Interpretation: Each OIWAP line shows you the OI-weighted average price for that session The deviation bands show you how much prices spread out, weighted by OI changes You can watch how price interacts with these levels to see where significant OI activity happened Different sessions may show different OIWAP levels, showing you how the OI-price relationship changes throughout the trading day Note: This indicator needs Open Interest data to work. If OI data isn't available for your symbol, you'll see a message in the center of your chart. This indicator works only with derivatives markets like futures and options in the Indian Market where OI data is publicly available. Conclusion The Session Anchored OIWAP indicator is designed to support structured market observation by combining price, open interest, and session anchoring into a clear visual format. It helps users study market behavior during different parts of the day without generating trading instructions or outcomes. Disclaimer This indicator is for educational and visual-analysis purposes only. It does not provide trading signals , financial advice, or guaranteed outcomes . You should perform your own research and consult a licensed financial professional when needed. All trading decisions are solely the responsibility of the user. Happy Trading
Pine Script® göstergesi
ARJO_2019 tarafından
VWAP Multi-Timeframe Pro═══════════════════════════════════════════════════════════════════════════════ VWAP Multi-Timeframe Pro - 6 VWAP + Dynamic Levels - Alphaomega18 📝 COMPLETE DESCRIPTION ═══════════════════════════════════════════════════════════════════════════════ 🎯 THE MOST COMPLETE VWAP INDICATOR ON THE MARKETPLACE VWAP Multi-Timeframe Pro simultaneously displays 6 different VWAPs (Asia/London/NY Sessions + Daily/Weekly/Monthly) with key price levels and intelligent dynamic color for complete institutional market vision. Designed for professional traders: futures, forex, crypto, stocks. Compatible all timeframes. 🔥 WHY THIS INDICATOR IS UNIQUE Other VWAP indicators display 1 or 2 VWAPs maximum. **VWAP MTF Pro gives you EVERYTHING in one indicator:** ✅ **6 Simultaneous VWAPs**: Asia, London, NY, Daily, Weekly, Monthly ✅ **3 Key Price Levels**: Previous VWAP, Daily Open, Previous Close ✅ **Dynamic Color**: GREEN line if price above, RED if below ✅ **Standard Deviation Bands**: ±1σ, ±2σ, ±3σ for extreme deviations ✅ **10 Configurable Alerts**: Crossovers and extreme zones ✅ **100% Customizable**: Colors, styles, selective display One indicator = Complete 24/7 institutional flow vision! 📊 THE 6 DISPLAYED VWAPS 🔷 **1. VWAP ASIA SESSION** (Yellow default) → Customizable Asian session (00:00-08:00 default) → Visible only during Asia session → Identifies key Asian trading levels 🔷 **2. VWAP LONDON SESSION** (Cyan default) → European session (08:00-16:00 default) → Visible only during London session → Captures European institutional flow 🔷 **3. VWAP NY SESSION** (Orange default) → American session (15:30-22:00 default) → Visible only during NY session → Highest volume of the day 🔷 **4. VWAP DAILY** (Blue default) → Full day VWAP → Most important level for day traders → Major support/resistance 🔷 **5. VWAP WEEKLY** (Purple default) → Weekly VWAP → Medium-term trend → Key level for swing traders 🔷 **6. VWAP MONTHLY** (Fuchsia default) → Monthly VWAP → Long-term vision → Major institutional levels 📍 3 ESSENTIAL PRICE LEVELS (NEW) 🔷 **PREVIOUS DAY VWAP CLOSE** (Dashed line - Dynamic color!) **The Revolutionary Feature:** → Displays previous day's VWAP Daily close → **GREEN line** when price ABOVE = Bullish signal ✅ → **RED line** when price BELOW = Bearish signal ❌ → Changes color in real-time at crossover! **Why it's powerful:** ``` If you're trading LONG and line is GREEN: → You're on right side of market → Institutions are with you → Hold trade with confidence If line turns RED: → EXIT immediately → Momentum has changed → Institutions selling now ``` 🔷 **DAILY OPEN** (White dotted default) → Current day's opening price → Major psychological level → Intraday support/resistance 🔷 **PREVIOUS DAY CLOSE** (Purple dotted default) → Previous day's close → Gap analysis (up/down/none) → Critical institutional level 📏 STANDARD DEVIATION BANDS **3 Bands on each side of VWAP:** → ±1σ (68% of distribution) → ±2σ (95% of distribution) → ±3σ (99.7% of distribution) **VWAP selection for bands:** Choose from: Asia / London / NY / Daily / Weekly / Monthly **Usage:** ``` Price reaches +3σ: → Extreme overbought → Reversal or consolidation likely → Take LONG profits or prepare SHORT Price reaches -3σ: → Extreme oversold → Reversal or consolidation likely → Take SHORT profits or prepare LONG Price between ±1σ: → "Normal" zone → Trading range → Wait for breakout ``` 🎯 REAL USE CASES 📌 **CASE 1: MNQ Day Trading with Dynamic Color** **Morning Setup:** ``` 08:00 - Market opens → Price at 16,300 → Prev Day VWAP Close at 16,250 → Line = GREEN ✅ (price above) → Signal: Bullish sentiment confirmed Action: Look for LONG setups only Avoid: SHORT trades against trend ``` **Momentum Change:** ``` 10:30 - Price drops rapidly → Price drops to 16,240 → Line turns RED ❗ → Signal: Momentum changed! Action: EXIT LONG positions immediately Look for: SHORT setups now ``` **Result:** → You stay on right side of market permanently → No fighting institutions → Profits maximized, losses minimized 📌 **CASE 2: Gap Analysis with Daily Open + Prev Close** **Gap UP:** ``` Daily Open (white): 16,320 Prev Day Close (purple): 16,280 Gap = +40 points Analysis: → Bullish gap → If VWAP prev line = GREEN = Continuation → If price retests Prev Close (purple) and bounces = LONG entry ``` **Gap DOWN:** ``` Daily Open (white): 16,240 Prev Day Close (purple): 16,280 Gap = -40 points Analysis: → Bearish gap → If VWAP prev line = RED = Continuation → If price rallies to Prev Close (purple) and rejects = SHORT entry ``` 📌 **CASE 3: Multi-Timeframe Confirmation** **LONG Setup Maximum Conviction:** ``` ✅ Price > VWAP Monthly (fuchsia) → Long-term bullish trend ✅ Price > VWAP Weekly (purple) → Medium-term bullish trend ✅ Price > VWAP Daily (blue) → Short-term bullish trend ✅ Prev Day VWAP = GREEN → Today's momentum bullish ✅ Price > Daily Open (white) → Positive opening Signal: ALL timeframes aligned LONG! Action: LONG entry with strong conviction Stop: Below VWAP Daily ``` **SHORT Setup Maximum Conviction:** ``` ✅ Price < VWAP Monthly (fuchsia) → Long-term bearish trend ✅ Price < VWAP Weekly (purple) → Medium-term bearish trend ✅ Price < VWAP Daily (blue) → Short-term bearish trend ✅ Prev Day VWAP = RED → Today's momentum bearish ✅ Price < Daily Open (white) → Negative opening Signal: ALL timeframes aligned SHORT! Action: SHORT entry with strong conviction Stop: Above VWAP Daily ``` 📌 **CASE 4: Session Trading (London/NY Overlap)** **15:30 - NY Session Opens:** ``` Before 15:30: → Price in VWAP London (cyan) → Consolidation, range 15:30 - NY opens: → VWAP NY (orange) appears → Volume explodes → Price breaks above VWAP Daily (blue) → Prev Day VWAP = GREEN ✅ Action: → LONG entry on breakout → Stop below VWAP Daily → Target +3σ upper band ``` ⚙️ COMPLETE CUSTOMIZATION 🎨 **EACH VWAP IS CONFIGURABLE:** **For each VWAP (6 groups):** → Show/Hide (On/Off) → Customizable color → Line thickness (1-5) **Asia/London/NY Sessions:** → Configurable start/end hours → Adapt to your timezone → Customize per market **Forex Example:** ``` Asia: 00:00-08:00 (Tokyo) London: 08:00-16:00 (London) NY: 13:00-20:00 (New York) ``` **US Futures Example:** ``` Asia: 18:00-02:00 (overnight) London: 02:00-08:30 NY: 08:30-15:00 (RTH) ``` 🎨 **PREVIOUS DAY VWAP - Dynamic Color:** → **Dynamic Color (Green/Red)**: On/Off • ON = Line changes color (GREEN/RED) • OFF = Fixed color → **Color Above**: Color when price above (default: Green) → **Color Below**: Color when price below (default: Red) → **Static Color**: If Dynamic Color OFF (default: White) → **Line Width**: Thickness (1-5) → **Line Style**: Solid / Dashed / Dotted 🎨 **DAILY PRICE LEVELS:** **Daily Open:** → Show/Hide → Color (default: White) → Thickness → Style (Solid/Dashed/Dotted) **Previous Day Close:** → Show/Hide → Color (default: Purple/Fuchsia) → Thickness → Style (Solid/Dashed/Dotted) 📏 **STANDARD DEVIATION BANDS:** → **Show Bands**: On/Off → **Bands Timeframe**: Choose VWAP (Asia/London/NY/Daily/Weekly/Monthly) → **Standard Deviation 1/2/3**: σ values (default: 1.0 / 2.0 / 3.0) → **Upper Colors**: Customizable → **Lower Colors**: Customizable 👁️ **DISPLAY:** → **Show Labels**: Display price labels (On/Off) → **Label Size**: Tiny / Small / Normal / Large 🔔 COMPLETE ALERTS (10 ALERTS) **VWAP Daily Crossovers:** 1. Price > VWAP Daily 2. Price < VWAP Daily **Extreme Bands:** 3. Price reaches +3σ 4. Price reaches -3σ **Previous Day VWAP:** 5. Price > Previous Day VWAP 6. Price < Previous Day VWAP **Daily Open:** 7. Price > Daily Open 8. Price < Daily Open **Previous Day Close:** 9. Price > Previous Close 10. Price < Previous Close 💡 MARKETS AND TIMEFRAMES ✅ **ALL markets compatible:** • Futures (ES, NQ, YM, RTY, MNQ, MES, etc.) • Forex (EUR/USD, GBP/USD, USD/JPY, etc.) • Crypto (BTC, ETH, altcoins - 24/7) • Stocks (Tesla, Apple, Nvidia, etc.) • Indices (S&P 500, Nasdaq, Dow Jones) • Commodities (Gold, Oil, etc.) ✅ **All timeframes:** • Scalping: 1min, 5min • Day Trading: 15min, 30min, 1H ⭐ (optimal!) • Swing Trading: 4H, Daily • Position Trading: Weekly Note: More reliable with real volume data → TradingView Premium recommended for tick data 🏆 UNIQUE ADVANTAGES ✅ **6 Simultaneous VWAPs**: Complete multi-timeframe vision ✅ **Dynamic color**: GREEN/RED for instant vision ✅ **3 Price levels**: Prev VWAP + Open + Prev Close ✅ **Standard deviation bands**: ±3σ for extreme zones ✅ **Customizable sessions**: Asia/London/NY adaptable ✅ **10 alerts**: All key crossovers ✅ **100% customizable**: Colors, styles, display ✅ **Automatic labels**: Real-time price display ✅ **Optimized code**: Light, fast, no lag ✅ **No repaint**: Reliable and stable signals 📊 RECOMMENDED CONFIGURATION **For MNQ/ES Day Trading (15min):** ``` ═══ VWAP Sessions ═══ Asia: ✅ ON (Yellow) London: ✅ ON (Cyan) NY: ✅ ON (Orange) ═══ VWAP Timeframes ═══ Daily: ✅ ON (Blue) Weekly: ✅ ON (Purple) Monthly: ❌ OFF (too long-term) ═══ Previous Day VWAP ═══ Show: ✅ ON Dynamic Color: ✅ ON (CRITICAL!) Color Above: Green Color Below: Red Width: 2-3 ═══ Daily Price Levels ═══ Daily Open: ✅ ON (White dotted) Prev Day Close: ✅ ON (Purple dotted) ═══ Bands ═══ Show Bands: ✅ ON Timeframe: Daily σ: 1.0 / 2.0 / 3.0 ═══ Display ═══ Labels: ✅ ON Size: Small ``` **For Scalping (1-5min):** ``` Sessions: Asia/London/NY by hour Daily/Weekly: ON Monthly: OFF Prev Day VWAP: ON with Dynamic Color Bands: Daily, ±2σ max Labels: Small or Tiny ``` **For Swing Trading (4H-Daily):** ``` Sessions: OFF (not relevant) Daily: ON Weekly: ON Monthly: ON Prev Day VWAP: ON Bands: Weekly, ±3σ Labels: Normal or Large ``` 🎓 QUICK USAGE GUIDE **Simple Rules for Day Traders:** 1. **Prev VWAP Line Color = Day Direction** → GREEN = Trade LONG only → RED = Trade SHORT only 2. **Price above ALL VWAPs = Maximum bullish** → Look for LONG setups only → No SHORT counter-trend 3. **Price below ALL VWAPs = Maximum bearish** → Look for SHORT setups only → No LONG counter-trend 4. **Price between VWAPs = Neutral zone** → Wait for clear breakout → Range-bound, careful scalp 5. **±3σ bands = Extreme zones** → Take profits → Or wait for reversal 💪 TRADER PSYCHOLOGY **What this indicator solves:** ❌ "I don't know if trend continues" → Check prev VWAP line color: GREEN = continues ❌ "I take profits too early from fear" → As long as line GREEN, hold LONG with confidence ❌ "I hold my losses too long" → Line turns RED? EXIT immediately! ❌ "I trade counter-trend" → 6 VWAPs visible = Impossible to mistake direction ❌ "I don't know where to put stop" → Stop below VWAP Daily for LONG, above for SHORT **Result:** ✅ Increased confidence ✅ Reinforced discipline ✅ Maximized profits ✅ Trading with institutions 🔗 PERFECT COMPLEMENT **Combine VWAP MTF Pro with:** • **Order Flow Signals** → Institutional absorptions (💎▲🚀) • **Order Flow CVD** → Real-time order flow • **Fair Value Gaps** → Inefficiency zones • **Market Profile** → POC/VPOC **VWAP MTF Pro** = Institutional price levels **Order Flow** = Flow confirmation → Complete trading system! ⚠️ DISCLAIMER Technical indicators are decision support tools. No indicator guarantees profits. Always use: • Appropriate risk management • Stop loss on every trade • Proper position sizing • Demo account testing first VWAP MTF Pro improves your analysis but doesn't replace a complete strategy with money management. 🚀 INSTALLATION 1. Copy the Pine Script code 2. Open Pine Editor in TradingView 3. Paste the code 4. Click "Add to Chart" 5. Indicator displays on chart (overlay) 6. Configure parameters to your preferences 7. Activate desired alerts 8. Trade with complete institutional vision! 💡 PRO TIP **The Golden VWAP Rule:** "NEVER trade against ALL aligned VWAPs" If Monthly + Weekly + Daily ALL point down: → Bearish market on ALL timeframes → Trade SHORT only → No LONG = Suicide If Monthly + Weekly + Daily ALL point up: → Bullish market on ALL timeframes → Trade LONG only → No SHORT = Lost money This simple rule can **save your account**! 📞 CONTACT AND SUPPORT Created by Alphaomega18 For questions, bugs or suggestions: Find my other indicators: • Order Flow Signals (institutional signals) • Order Flow Dashboard (CVD oscillator) • Order Flow CVD Simple (trend vision) • Fair Value Gap Detector • Volume & Volatility Crisis Detector
Pine Script® göstergesi
Alphaomega18 tarafından
Daily O/C Span (Real Values & SMA Comparison)This Pine Script indicator helps you visualize and track the "momentum" or "strength" of each trading day, and compares it to a recent average. It essentially measures the net movement of the price from when the market opens to when it closes. What the Script Does The script performs the following actions: Calculates Daily Movement: For every single trading day, it calculates the difference between the closing price and the opening price (Close - Open). Plots the "Span": These daily differences are plotted as vertical bars (a histogram) in a separate window below your main price chart. -Green bars mean the stock closed higher than it opened (a strong day). -Red bars mean the stock closed lower than it opened (a weak day). Calculates the Average: It calculates the Simple Moving Average (SMA) of these daily spans over an adjustable period (default is 30 days). Plots the Average Line: A blue line is plotted over the green/red bars, showing the typical magnitude of daily movement. Displays Comparison: A table in the top-right corner provides a quick, real-time numerical comparison of today's span versus the 30-day average span. How It Can Improve Trading This indicator helps you understand the character and conviction of price action, offering several trading insights: Gauging Momentum: It clarifies whether the stock's moves are generally strong and sustained within a day (large spans) or hesitant (small spans). Identifying Trends: During an uptrend, you might expect the average span line to be consistently positive (above zero), and vice versa for a downtrend. A positive average span indicates buyers are consistently closing the day stronger than where they started it. Spotting Reversals: If a stock is in a strong uptrend but you suddenly see a series of large red bars (large negative spans), it could signal a shift in momentum and potential upcoming reversal. Volatility Context: By comparing the current day's bar to the blue average line, you can quickly determine if today is an unusually strong/weak day relative to recent history. In short, it helps you see the underlying buyer/seller conviction within each day, making it easier to gauge the overall market sentiment and anticipate potential shifts.
Pine Script® göstergesi
topefu tarafından
NX - ICT LiquidityThis indicator identifies liquidity zones based on ICT concepts, highlighting swing highs (BSL) and swing lows (SSL) with dynamic detection and mitigation logic. It also plots key institutional levels from the previous day, week, and month—including High, Low, Open, and Close—customizable by timeframe. Designed for precision and clarity, it helps traders visualize potential sweep setups and reaction points with minimal chart clutter.
Pine Script® göstergesi
asyncoder tarafından
Multi-Timeframe OHLC Levels█ OVERVIEW A fully customizable multi-timeframe indicator that independently plots levels based on the open, previous close, previous high, previous low, and previous mid-price. This tool is ideal for traders who require a high level of tailoring and usability. █ FEATURES Multi-timeframe Select the timeframe for each level separately. The indicator shows higher timeframe levels down to the 1-second chart. Multi-source Choose the source for each level individually from the current open, previous close, previous high, previous low, and previous mid-price. Past levels Manage the number of relevant levels displayed on historical bars for trading or backtesting. Projections Extend the levels to the current price action with clear and clean options. Styling Adjust the appearance according to your preferences and screen size using options for color, line style, line thickness, custom name, and text size. █ NOTES This is a PREMIUM indicator. You may also find my free Daily Weekly Monthly Yearly Opens and Previous Day Week Highs & Lows indicators helpful.
Pine Script® göstergesi
sbtnc tarafından
Smart % Levels📈 Smart % Levels – Visualize Significant Percentage Moves What it does: This indicator plots horizontal levels based on a percentage change from the previous day's close (or open, if selected). It allows traders to visualize price movements relative to meaningful thresholds like ±1%, ±2%, etc. What makes it different: Unlike other level indicators, Smart % Levels only displays the relevant levels based on current price action. This avoids clutter by showing only the levels that are being approached or crossed by the current price. It's a clean and dynamic way to visualize key price zones for intraday analysis. How it works: - Select between using the previous day's Close or Open as the reference - Choose the percentage spacing between levels (e.g., 1%, 0.5%, etc.) - Enable optional labels to see the exact percentage of each level - Automatically filters levels to only show those between yesterday's price and today's current price - Includes customization for colors, line styles, widths, and opacity Best for: Day traders and scalpers who want a quick, clean view of how far the current price has moved from yesterday’s reference, without being overwhelmed by unnecessary lines. Extra notes: - The levels are recalculated each day at the market open - All graphics reset at the start of each session to maintain clarity - This script avoids repainting by only plotting levels relative to available historical data (no lookahead) This tool is for informational purposes only and should not be considered as financial advice. Always do your own research before making trading decisions.
Pine Script® göstergesi
Julien_Eche tarafından
JL - DWM OHLCThis indicator plots the following price levels on your chart automatically AND will not show up if you are using a timeframe bigger than 60 minutes, 1 day, or 1 week. Here are the price levels that are automatically plotted for you, and so you know the styling is different for Daily, Weekly, Monthly levels so you can easily distinguish between them: - Prior Day: High / Low / Close - Current Day: Open - Prior Week: High / Low / Close - Current Week: Open - Prior Month: High / Low / Close - Current Month: Open These plots are timeframe dependent and will not plot on subsequently higher timeframes, here is how they work: Daily Price Levels are only shown on timeframes that are smaller than 60 minutes. Weekly Price Levels are only shown on timeframes smaller than 1 Day. Monthly Price Levels are only shown on timeframes smaller than 1 Week. This way, you can turn on the indicator and not have to think about turning off certain price levels if you switch to a larger / longer timeframe than what you typically use. For example, Daily OHLC price levels will quickly clutter the 60 minute chart, and likely you don't need to know the HLC of the Prior Day if you are looking at the 60 minute chart. Therefor it may be helpful to automatically hide the Daily price level plots, and only show the Weekly and Monthly plots on the 60 minute timeframe. I hope you find this indicator helpful, thanks for reading.
Pine Script® göstergesi
JackDL92 tarafından
GRIM309 CallPut StrategyThis draws the 5, 10, 20, 50 and 200 EMA lines. It creates suggestions of when to open and close call positions (GREEN) as well as open and close put positions (RED) it has a early warning system, and in case there is a spike between the last 5 positions it will signal close the position, this is optional (isWarning) There is also a cooldown period, when set at 2 it means wait a position before initiating another, I did not like the position closing and then opening directly afterwards, you could cooldown for 3 and skip 2 candles or more etc. Set to 1 then it will open/close without cooling down. Additionally the very bottom shows wether it is in an uptrend or downtrend currently (Yellow triangle)
Pine Script® stratejisi
GriM309 tarafından
Candle % Close with Bullish/Bearish EvaluationI created the indicator to more quickly define the polarity of candles. For a large number of candles, it is straightforward to determine whether a candle is bullish or bearish. However, candles with long wicks often appear, making it uncertain whether the candle is bullish or bearish from a price action perspective. It is not a rule that a red candle is bearish and a green candle is bullish. From a more advanced price action standpoint, how these candles close is important. Therefore, I created the 'Percent range' input. By default, it is set to 50% (high-low)/2. This way, the indicator precisely determines 50% of the candle's entire range. This allows us to determine whether a bearish candle truly closed below 50% of its range. If not, such a candle is considered bullish, even if it is a negative candle. The same applies to bullish candles, but conversely. If a positive candle closes below 50% of its range, from a price action perspective, it is considered a bearish candle. Since in price action it is common for the price to return to 50% of the previous candle and, after filling, to continue in the established trend, I added the line extension option. Whatever high value you enter, the line extension follows the current candle. This option works only when the stop line checkbox is enabled. This way, you can plot 50% of the candle's range that the market has historically not returned to due to a strong trend. Often, this line is plotted on a candle where there is also an FVG, which can help you more easily find a point of interest. Stop line extension : Ensures the interruption of line plotting when the candle is touched by the body or wick.
Pine Script® göstergesi
Alpachino97 tarafından
5
Previous Highs + Lows by HAZED📈 Introducing: Previous Highs + Lows by H A Z E D 📉 ✨ Overview Get a clear view of market levels with Previous Highs + Lows v1.0! This indicator lets you track critical previous highs and lows across multiple timeframes, marking them directly on your chart for an intuitive view of support and resistance zones. Whether you’re analyzing breakouts or looking for reversal levels, these indicators provide essential context to refine your trades. 🛠️ Key Features Multiple Timeframes Supported Toggle on previous highs and lows for daily, weekly, monthly, 4-hour, and 1-hour charts to match your analysis style. Customizable Labels Choose label sizes from “tiny” to “huge,” adjust the opacity to blend seamlessly with your chart, and customize text color for optimal readability. Label Position Control Avoid overlap with a flexible label offset feature, allowing for 10 adjustable increments to fit your preference and chart layout. Clear Visual Cues Labels use icons to differentiate high (⬆️) and low (⬇️) levels at a glance, providing a straightforward way to interpret key price areas. Instant Alerts for Key Levels Receive alerts when the price crosses over previous high levels, keeping you informed about potential breakout zones without constant chart-watching. 🚀 How to Use Identify Key Levels: Quickly locate significant highs and lows from previous periods to define your support and resistance zones. Set Alerts: Stay updated on market moves with built-in alerts when prices cross these critical levels. Customize Your View: Use the various options to make this indicator uniquely yours – adjust label size, color, opacity, and position. 🔔 Why Use Previous Highs + Lows v1.0? Enhanced visibility of critical levels saves you time by giving you a structured view of price action. Customization features let you adapt the indicator to your personal style and chart setup. Flexible alerts mean you can focus on other tasks without missing important price movements. 🔗 License: Mozilla Public License 2.0 © H A Z E D, 11/4/2024
Pine Script® göstergesi
hazedoptions tarafından
[TTI] High Volume Close (HVC) Setup📜 ––––HISTORY & CREDITS–––– The High Volume Close (HVC) Setup is a specialised indicator designed for the TradingView platform used to identify specific bar. This tool was developed with the objective of identifying a technical pattern that trades have claimed is significant trading opportunities through a unique blend of volume analysis and price action strategies. It is based on the premise that high-volume bars, when combined with specific price action criteria, can signal key market movements. The HVC is applicable both for swing and longer term trading and as a technical tool it can be used by traders of any asset type (stocks, ETF, crypto, forex etc). 🦄 –––UNIQUENESS––– The uniqueness of the HVC Setup lies in its flexibility to determine an important price level based on historically important bar. The idea is to identify significant bars (e.g. those who have created the HIGHEST VOLUME: Ever, Yearly, Quarterly and meet additional criteria from the settings) and plot on the chart the close on that day as a significant level as well as theoretical stop loss and target levels. This approach allows traders to discern high volume bars that are contextually significant — a method not commonly found in standard trading tools. 🎯 ––––WHAT IT DOES–––– The HVC Setup indicator performs a series of calculations to identify high volume close bars/bar (HVC bars) based on the user requirements. These bars are determined based on the highest volume recorded within a user-inputs: 👉 Period (Ever, Yearly, Quarterly) and must meet additional criteria such as: 👉 a minimum percentage Price Change (change is calculated based on a close/close) and 👉 specific Closing Range requirements for the HVC da. The theory is that this is a significant bar that is important to know where it is on the chart. The script includes a comparative analysis of the HVC bar's price against historical price highs (all-time, yearly, quarterly), which provides further context and significance to the identified bars. All of these USER input requirement are then taken into account as a condition to identity the High Volume Close Bar (HVC). The visual representation includes color-coded bar (default is yellow) and lines to delineate these key trading signals. It then draws a blue line for the place where the close ofthe bar is, a red line that would signify a stop loss and 2 target profit levels equal to 2R and 3R of the risked level (close-stop loss). Additional lines can be turned on/off with their coresponding checkboxes in the settings. If the user chooses "Ever" for Period - the script will look at the first available bar ever in Tradingview - this is generally the IPO bar; If the users chooses "Yearly" - the script would look at the highest available bar for a completed year; If the users chooses "Quarterly" - it would do the same for the quarter. (works on daily timeframe only); While we have not backtested the performance of the script, this methodology has been widely publicised. 🛠️ ––––HOW TO USE IT–––– To utilize the HVC Setup effectively: 👉Customize Input Settings: Choose the HVC period, percentage change threshold, closing range, stop loss distance, and target multiples according to your trading strategy. Use the tick boxes to enable and disable if a given condition is used within the calculation. 👉Identify HVC Bars: The script highlights HVC bars, indicating potential opportunities based on volume and price action analysis. 👉Interpret Targets and Stop Losses: Use the color-coded lines (green for targets, red for stop losses) to guide your trade entries and exits. 👉Contextual Analysis: Always consider the HVC bar signals in conjunction with overall market trends and additional technical indicators for comprehensive trading decisions. This script is designed to assist traders in identifying high-potential trading setups by using a combination of volume and price analysis, enhancing traditional methods with a unique, algorithmically driven approach.
Pine Script® göstergesi
TintinTrading tarafından
Key Levels SetKey Levels Set allows to set key levels as comma separated values, and to detect breaks to the downside and/or upside, taking into account potential gaps between bars. This indicator can be very handy if you, like me, rely on some key levels that you identified as potential support/resistance from some technical analysis. Features + It allows for key levels to be set as comma separated values. + It draws key levels on chart. + On close, it identifies highest key level that has been broken to the upside, if any. + On close, it identifies lowest key level that has been broken to the downside, if any. + In Cross mode, as bar is printing, it also detects highest/lowest key levels being broken to the upside/downside between bar high and low, if any. + It plots and labels breaks with current level and next level information. + It includes alerts from breaks on close. + It includes turn on/off functionality. Settings + {Prices} checkbox: turns on/off entire functionality + {Prices} text field: comma separated values for key levels + {Breaks on} checkbox: turns on/off breaks detection functionality + {Breaks on} options: selects Close or Cross mode
Pine Script® göstergesi
ZeroHeroTrading tarafından
2
Alert on Candle CloseAlert on Candle Close is a simple indicator allowing you to set alerts when a candlestick closes. Instructions for use From the chart window, click on "Indicators" and search for "Alert on Candle Close". Click on "Alert on Candle Close" to add the indicator to your chart. Click on the star icon to add it to your favourites to easily access later. Set your chart timeframe to the timeframe you wish to alert on. For example, to create an alert when a 4h candlestick closes, set your chart to the "4h" timeframe. Hover over the "Alert on Candle Close" indicator which has been added to your chart and click the ellipsis "..." icon, then click "Add alert on Alert on Candle Close" or use the keyboard shortcut "Alt+A" from the chart. In the alert pop-up window, make sure "Condition" is set to "Alert on Candle Close" and "Trigger" is set to "Once Per Bar". Optionally, you can set a custom expiry for the alert, give the alert a name and customise the alert message. You can configure notification settings from the "Notifications" tab. Click "Create" and your alert is set up! Each alert is tied to the timeframe and chart it was created on, so you can change the timeframe or asset and create more alerts by repeating the above process. Note : this indicator is only designed to work with time-based chart types, such as Bars, Candles or Heikin Ashi. It will not work for non-time charts such as Renko. FAQs Why do my alerts sometimes not fire as soon as the candle closes? This is a limitation with Pine Script's execution model. Indicators are calculated whenever a price or volume change occurs i.e. when a new trade happens. For illiquid or slow moving markets, there may be some time between when a candle closes and the next trade, leading to a delay in the alert triggering. The alert will trigger on the next tick of data on the chart. Why can't I create more alerts? TradingView has a limit on the number of active technical alerts you can have based on your membership tier. To configure more alerts, consider upgrading your TradingView plan to a higher tier. See a comparison of TradingView plans at www.tradingview.com My alert only fired once, how can I get it to keep working? When configuring the alert in the alert pop-up window, make sure you set "Trigger" to "Once Per Bar" and "Expiration" to "Open-ended alert".
Pine Script® göstergesi
SimpleTradingTools tarafından
6
Strategy Gaussian Anomaly DerivativeConcept behind this Strategy : Considering a normal "buy/sell" situation, an asset would be bought in average at the median price following a Gaussian like concept. A higher or lower average trend would significate that the current perceived value is respectively higher or lower than the current median price, which mean that the buyers are evaluating the price underpriced or overpriced. This behaviour would be even more relevent depending on its derivative evolution. Therefore, this Strategy setup is based on this Gaussian like concept anomaly of average close positionning compare to high-low average derivative, such as the derivative of the following ploted basic signal : 1-(high+low)/(2*close). This Strategy can actually be used like a trend change and continuation strength indicator aswell. In the Setup Signal part : You can define the filtering of the basis signal "1-(high+low)/(2*close)" on EMA or SMA as you wish. You can define the corresponding period and the threathold as a mutiply of the average 1/3 of all time value of the basis signal. You can define the SMA filtering period of the Derivative signal and the corresponding threathold on the same mutiply of the average 1/3 of all time value of the derivative. In the Setup Strategy part : You can set up your strategy assesment based on Long and/or Short. You can also define the considered period. The most successful tuned strategies I did were based on the derivative indicator with periods on the basis signal and the derivative under 30, can be 1 to 3 of te derivative and 7 to 21 for the basis signal. The threathold depends on the asset volatility aswell, 1 is usually the most efficient but 0 to 10 can be relevent depending on the situation I met. You can find an example of tuning for this strategy based on Kering's case hereafter. I hoping that you will enjoy using this Strategy, don't hesitate to comment, to question, to correct or complete it ! I would be very curious about similar famous approaches that would have already been made. Thank to you !
Pine Script® stratejisi
Koamind tarafından
5
[TTI] IBD's 3 (three) weeks tight close pattern––––HISTORY & CREDITS 🏦 The Three Weeks Tight Close pattern is a technical analysis pattern that occurs when a stock closes at nearly the same price for three consecutive weeks, suggesting a period of consolidation before the stock moves in a new direction. The concept of "line of least resistance" as mentioned by Jesse Livermore is closely related to this pattern. It indicates that there is a period of indecision in the market, with buyers and sellers fairly evenly matched. This pattern is often associated with stocks that have strong fundamentals and a solid business model. The pattern was first discovered by Investor's Business Daily founder William Bill O'Neill. ––––WHAT IT DOES 💡 The Three Weeks Tight Close pattern helps traders identify periods of consolidation in a stock's price movement. During these periods, the stock's closing price remains nearly unchanged for three consecutive weeks. This pattern can be a signal that the stock is under accumulation and potentially ready to make a significant move in either an upward or downward direction. By identifying these tight closes, traders can prepare to take advantage of the solid price run and make profitable trades. The indicator plots 3 different dots/squares above the weekly bar on order to indicate which consecutive tight close wee have. 👉 Cyan color indicates 3 week tight closes 👉 Pink color indicates 4 week tight closes 👉 Red color indicates 5 week tight closes ––––HOW TO USE IT 🔧 • Focus on weekly charts for easier identification. • Look for three consecutive weekly closes with nearly the same price, within 1-1.5% of each other. Using the indicator. • Check for low volume during the tightening period. • Once the pattern is confirmed, switch to the daily timeframe to find the exact buy point. • Use other technical indicators to confirm a breakout before taking a position in the stock, such as breakouts, moving averages, and trend lines. • Monitor the position regularly to ensure continued positive price movement. • Be patient and wait for confirmation before buying in. • Use stop-loss orders to limit losses if the stock does not move in the expected direction. • Consider the overall market and its impact on individual stocks before making a trade. • Keep in mind that not all three tight closes are created equal and use technical analysis to confirm your suspicions. By following these steps, traders can use the Three Weeks Tight Close pattern to identify potential trading opportunities and increase their chances of making profitable trades.
Pine Script® göstergesi
TintinTrading tarafından
4