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Professional Breakout ChecklistThe " Professional Breakout Checklist Indicator " designed to automate and visually represent the stringent criteria for high-probability breakout trade entries. This indicator transforms a manual checklist into a dynamic, chart-based system, leveraging TradingView's robust charting and custom indicator capabilities . At its core, the indicator systematically identifies consolidation phases, which are crucial precursors to genuine breakouts. It achieves this by calculating the range of price action over a user-defined lookback period and comparing it to a multiple of the Average True Range (ATR), a measure of market volatility. When price tightens within this calculated range, the indicator visually shades the consolidation zone on the chart, signaling potential accumulation or distribution. For a breakout to be considered valid, the indicator demands specific volume and volatility confirmation. It calculates the average volume over a set period and only triggers a signal if the breakout candle's volume significantly exceeds this average—specifically, 1.5 times the mean volume. This ensures that the price movement has strong conviction and institutional interest behind it, filtering out weak or false breakouts. The breakout trigger mechanism is precise, requiring the breakout candle to close not just beyond the detected support or resistance, but by a user-specified number of "clearance ticks." This addresses the need to avoid noise and confirm the true breach of a level. Upon a confirmed breakout, the indicator immediately calculates and plots a suggested risk-reward setup. This includes a stop-loss level, derived from the ATR, and a take-profit target that adheres to a minimum 2:1 reward-to-risk ratio. These visual cues assist traders in defining their risk exposure and potential gains before entry. Furthermore, the indicator integrates crucial market context by offering an optional trend filter, typically a 50-period Exponential Moving Average (EMA). This ensures that breakout signals align with the broader market direction, enhancing probability. Beyond these core checklist items, the indicator incorporates professional enhancements. It provides an option to wait for retest confirmation, a strategy often employed by seasoned traders where price retests the breakout level before continuing its move, offering a potentially safer entry point. Additionally, a false breakout filter assesses the quality of the breakout candle, prioritizing those with strong bodies and minimal wicks, which are less likely to be "trap" moves. The indicator is displayed directly on the chart, using visual cues such as shaded consolidation boxes, distinct shapes for bullish/bearish entry signals, and plotted lines for stop-loss and take-profit targets. Its design enables traders to efficiently analyze setups, confirm adherence to their trading plan, and receive timely alerts for potential opportunities, streamlining the decision-making process within the dynamic trading environment of TradingView
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cheekhimself tarafından
Bias Bar Coloring + Multi-Timeframe Bias Table + AlertsMulti-Timeframe Bias Bar Coloring with Alerts & Table This indicator provides a powerful, visual way to assess price action bias across multiple timeframes—Monthly, Weekly, and Daily—while also coloring each bar based on the current chart’s bias. Features: Persistent Bar Coloring: Bars are colored green for bullish bias (close above previous high), red for bearish bias (close below previous low), and persist the last color if neither condition is met. This makes trend shifts and momentum easy to spot at a glance. Bias Change Alerts: Get notified instantly when the bias flips from bullish to bearish or vice versa, helping you stay on top of potential trade setups or risk management decisions. Multi-Timeframe Bias Table: A table anchored in the top right corner displays the current bias for the Monthly, Weekly, and Daily charts, color-coded for quick reference. This gives you a clear view of higher timeframe context while trading any chart. Consistent Logic: The same objective bias logic is used for all timeframes, ensuring clarity and reliability in your analysis. How to Use: Use the bar colors for instant visual feedback on trend and momentum shifts. Watch the top-right table to align your trades with higher timeframe bias, improving your edge and filtering out lower-probability setups. Set alerts to be notified of bias changes, so you never miss a potential opportunity. This tool is ideal for traders who value multi-timeframe analysis, want clear visual cues for trend direction, and appreciate having actionable alerts and context at their fingertips.
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TRDRZone tarafından
Fibo_Ma with Toggleable 200 EMA FilterPlease keep in mind, I use this indicator most with my TV_ MCDX. If you use it in lower Timeframe like 15sec, 1min, use a Higher Background Timeframe like 15min or 1H 📈 Fibo_Ma with Toggleable 200 EMA Filter Fibo_MA is a comprehensive multi-functional indicator designed to enhance your trend analysis, breakout detection, and signal confirmation strategy. 🔍 Core Logic Overview 📊 Background Color Highlights The script dynamically colors the chart background based on price action relative to a customizable smoothing line (smooth1). 🟩 Green background appears when the open price is above the smooth1, signaling potential bullish conditions. 🟥 Red background shows when the open price is below the smooth1, suggesting bearish pressure. 📏 200 EMA Filter A built-in 200-period Exponential Moving Average (EMA) acts as a long-term trend filter. The 200 EMA line changes color to reflect momentum: 🟢 Green when trending upward 🔴 Red when trending downward 🎯 Signal Alerts Receive buy alerts when the open crosses above smooth1. Receive sell alerts when the open crosses below smooth1. Alert conditions are filterable and customizable for precise notifications. ⚙️ Custom Features and Flexibility Choose from various moving average types for smooth1: EMA, SMA, WMA, VWMA, ALMA, SWMA, and even VWAP. Configure alert conditions for: EMA 200 crossovers with smoothing line Trend crossovers using Fibonacci-based EMA selections Breakout and breakdown formations with custom pivot logic Optional ATR and Volume filters for refining entry quality. Built-in VWAP, EMA 14 (color-coded), and multi-timeframe support for high-precision analysis. 🔔 Alerts Included ✅ Price crosses above or below smoothing line (smooth1) ✅ Breakout and breakdown patterns ✅ EMA 200 crossovers ✅ Custom trend-following EMA cross labels This script is ideal for traders who want to combine trend strength, volume confirmation, and technical breakouts with intuitive visual cues. Perfect for intraday or swing trading strategies. ℹ️ Use this tool in conjunction with your trading strategy. Always backtest before live trading.
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jamatou44 tarafından
Sessions BrockJavaThis script is a flexible, timezone-aware Session High/Low indicator for TradingView. It is based on the original work of kurtsmock (Mozilla Public License 2.0) and includes enhancements for UTC offset handling and autoscale compatibility. Features: Tracks and plots the highest and lowest prices within user-defined trading sessions. Session times default to UTC, but you can set a custom UTC offset (e.g., -4 for New York, 0 for London, +8 for Singapore). Reset modes: by session, by a set number of hours, or daily. Backtesting support: specify a date range to limit indicator activity to historical periods. Session constraint: restricts operation to specific sessions, with optional weekend inclusion for crypto or 24/7 markets. Visual customization: choose to display session high/low as lines, background color, or filled regions. All colors and transparencies are user-configurable. Efficient plotting: session levels are always included in TradingView’s autoscale, so you never lose sight of key levels. Technical details: Session definition uses TradingView’s session string format (e.g., 1800-1500). Timezone handling is automatic and accurate, even with custom offsets. Designed for high efficiency, supporting up to 5000 bars back and 500 lines. Credit: Major credit to kurtsmock, the original author. This version adds UTC offset and improved autoscale support. License: Mozilla Public License 2.0 If you need session-based high/low levels that always fit your chart and your trading hours, this script is for you.
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Brockjava tarafından
KDJ``` **KDJ Indicator - Enhanced Stochastic Oscillator** The KDJ indicator is an advanced technical analysis tool that extends the traditional stochastic oscillator with an additional J line, providing enhanced momentum analysis for trading decisions. **What is KDJ?** KDJ consists of three lines: - **K Line (Blue)**: Fast stochastic line showing short-term momentum - **D Line (Orange)**: Smoothed version of K line, representing medium-term trend - **J Line (White)**: Divergence line calculated as (3×K - 2×D), showing momentum acceleration **Key Features:** - Fully customizable parameters for optimal strategy adaptation - Independent signal smoothing for K and D lines - Visual background coloring for quick trend identification - Standard overbought (80) and oversold (20) levels - Clean, professional chart presentation **Parameters:** - **Period**: Lookback period for highest/lowest calculations (default: 42) - **Signal K**: Smoothing factor for K line (default: 4) - **Signal D**: Smoothing factor for D line (default: 4) **Trading Signals:** - **Bullish**: J line crosses above D line (green background) - **Bearish**: J line crosses below D line (red background) - **Overbought**: Values above 80 level - **Oversold**: Values below 20 level **Best Use:** Ideal for identifying trend reversals, momentum shifts, and entry/exit points across all timeframes and markets. The J line provides early signals compared to traditional stochastic indicators. Perfect for swing trading, scalping, and trend following strategies. ```
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K0V4L tarafından
Ultimate Williams %RUltimate Williams %R The most advanced Williams %R indicator available - featuring multi-timeframe analysis, zero-lag processing, volatility adaptivity, and intelligent extreme zone detection. Key Improvements Over Standard Williams %R Multi-Timeframe: Combines short, medium, and long-term Williams %R calculations with Ultimate Oscillator-style weighting for superior signal quality Zero-Lag Implementation: Utilizes Ehler's Zero-Lag EMA with error correction, eliminating traditional oscillator lag while maintaining smoothness Volatility Adaptive: Automatically adjusts periods based on ATR volatility analysis for optimal performance in all market conditions Z-Score Normalization: Provides consistent, statistically-based extreme level detection across different market environments Perfect For Overbought/Oversold Identification: Instantly spot extreme market conditions with visual intensity that scales with signal strength Divergence Analysis: Enhanced responsiveness and smooth operation make divergence patterns clearer and more reliable Multi-Timeframe Confirmation: Built-in timeframe combination eliminates the need for multiple Williams %R indicators Entry/Exit Timing: Zero-lag processing provides earlier signals without sacrificing accuracy Customizable Settings Timeframe Periods: Adjustable short (7), medium (14), and long (28) periods Volatility Adaptation: Configurable ATR-based period adjustment Zero-Lag Processing: Toggle and fine-tune the smoothing system Z-Score Normalization: Adjustable lookback period for statistical analysis Extreme Levels: Customizable threshold for extreme signal detection
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B3AR_Trades tarafından
Trend ShaderThis simple but useful indicator automatically detects whether you’re on a 1 minute, 5 minute, or 15 minute chart (with sensible, pre-tuned EMA settings), and shades the chart background green when the trend is bullish, or red when it’s bearish. On any other timeframe it falls back to user-specified “manual” EMA lengths. The short and long EMA lengths are configurable on all timeframes. Really useful when you want to trade in the direction of the overall trend. The color doesn't change until the trend is confirmed by a reasonable number of bars in the same direction so it doesn't just flip-flop with market noise. The confirmation bar count for each timeframe is also configurable.
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The_Collector2 tarafından
DR SessionsDR/IDR concept sessions with multiple ways to view the session to best suit your needs. Each session, ADR, ODR, RDR can be turned on/off, and displayed 3 different ways. Lines, will highlight each DR and IDR line, and will color the side that breaks out. Zones, will fill in the gap between the DR and the IDR lines and will color the breakout side. Finally range will fill the entire range from DR to DR with a single color that will change to the breakout color once price closes outside of the range.
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manyshotsshort tarafından
Trend TableVersion 2 added Forecasted trend based on liquidity zones that attract price SMC Liquidity Forecast Table — Overview Purpose: This table provides a quick snapshot of Smart Money Concept (SMC) liquidity conditions and trend direction across multiple timeframes that you choose (for example, 4H, 1H, and 15m). It helps traders quickly assess where liquidity may be resting and whether the current trend aligns with that. How it works: For each selected timeframe, the script: Determines trend direction using a configurable EMA. Detects liquidity features such as equal highs/lows, fair value gaps (FVG), and liquidity sweeps. Generates a forecast: "Likely Bullish" means liquidity is likely resting above. "Likely Bearish" means liquidity is likely resting below. "Likely Up" or "Likely Down" indicates a sweep event just occurred. "Range" means no clear liquidity bias. Table structure: TF Trend Forecast Example: 4H Uptrend Likely Bullish Example: 1H Downtrend Likely Bearish Example: 15m Uptrend Range Trend cells are color-coded: Green: Uptrend or bullish bias Red: Downtrend or bearish bias Gray: Neutral or ranging Key benefit: This makes it easy to see multiple timeframe conditions side-by-side, aligning liquidity expectations with the overall trend. It supports better decision-making in line with SMC and liquidity principles. Customizable: Fully adjustable timeframes (can use any combination, like daily, 4H, 1H, 15m, etc.) User-defined swing length, EMA period, and thresholds.
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landengc05 tarafından
1
CHN TAB# CHN TAB - Technical Analysis Bot ## Overview The TAB (Technical Analysis Bot) indicator is a comprehensive trading signal system that combines Simple Moving Average (SMA) crossovers with MACD momentum analysis to identify high-probability entry and exit points. This indicator provides both immediate and delayed signal detection with built-in risk management through automatic Take Profit (TP) and Stop Loss (SL) calculations. ## Key Features - **Dual Signal Detection**: Combines SMA(50) price action with MACD momentum - **Smart Signal Timing**: Offers both immediate and delayed signal recognition - **Automatic Risk Management**: Calculates TP and SL levels using ATR (Average True Range) - **Visual Feedback**: Color-coded candles and filled zones for easy identification - **Comprehensive Alerts**: Three distinct alert conditions for different trading needs ## How It Works ### Buy Signals **Immediate Buy Signal:** - Price crosses above SMA(50) (open < SMA50 and close > SMA50) - MACD crosses above zero line simultaneously **Delayed Buy Signal:** - Previous candle crossed above SMA(50) - Previous MACD was ≤ 0, current MACD > 0 - Current candle remains above SMA(50) ### Sell Signals **Immediate Sell Signal:** - Price crosses below SMA(50) (open > SMA50 and close < SMA50) - MACD crosses below zero line simultaneously **Delayed Sell Signal:** - Previous candle crossed below SMA(50) - Previous MACD was ≥ 0, current MACD < 0 - Current candle remains below SMA(50) ### Risk Management - **Take Profit**: Entry price ± 1.0 × ATR(14) - **Stop Loss**: Entry price ± 1.5 × ATR(14) - **Risk-Reward Ratio**: Automatic 1:1.5 setup ## Visual Elements - **Green Candles**: Buy signal triggered - **Red Candles**: Sell signal triggered - **Orange Line**: Entry price level (displayed for 10 bars) - **Green Fill**: Take profit zone - **Red Fill**: Stop loss zone ## Alert System 1. **TAB Buy Signal**: Triggers only on buy signals 2. **TAB Sell Signal**: Triggers only on sell signals 3. **TAB Buy & Sell Signal**: Triggers on any signal (buy or sell) ## Best Practices - Use on trending markets for better signal quality - Combine with higher timeframe analysis for confirmation - Consider market volatility when interpreting ATR-based levels - Backtest on your preferred timeframes before live trading ## Technical Parameters - **SMA Period**: 50 - **MACD Settings**: 12, 26, 9 (Fast, Slow, Signal) - **ATR Period**: 14 - **Signal Display**: 10 bars duration ## Timeframe Recommendations - Works on all timeframes - Best performance on 15M, 1H, and 4H charts - Higher timeframes provide more reliable signals ## Risk Disclaimer This indicator is for educational and informational purposes only. Trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own analysis and consider your risk tolerance before making trading decisions. --- **Version**: 6.0 **Overlay**: Yes **Category**: Trend Following, Momentum **Suitable For**: Forex, Stocks, Crypto, Commodities
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CHNTeam tarafından
Multi EMA with Smoothing & BBMulti EMA with Smoothing & BB ──────────────────────────── This script overlays **four exponential moving averages**—fully adjustable (defaults 20/30/40/50)—to give an instant read on trend direction via “EMA stacking.” • When the faster lines (short lengths) sit above the slower ones, the market is in up-trend alignment; the opposite stack signals down-trend momentum. ┌─ Optional Smoothing Engine │ The 4th EMA (slowest) can be run through a second moving-average filter to cut noise: │ ─ SMA ─ EMA ─ SMMA/RMA ─ WMA ─ VWMA ─ None │ You choose both the type and length (default 14). │ This smoothed line often acts as dynamic support/resistance for pull-back entries. └─────────────────────────── ┌─ Built-in Bollinger Bands │ If you pick **“SMA + Bollinger Bands,”** the script wraps the smoothed EMA with upper/lower bands using a user-set standard-deviation multiplier (default 2.0). │ • Band expansion ⇒ rising volatility / breakout potential. │ • Band contraction ⇒ consolidation / squeeze conditions. └─────────────────────────── Extra Utilities • **Offset** (±500 bars) lets you shift every plot forward or backward—handy for visual back-testing or screenshot aesthetics. • Selectable data *source* (close, HLC3, etc.) for compatibility with custom feeds. • Transparent BB fill improves chart readability without hiding price. Typical Uses 1. **Trend Confirmation** – Trade only in the direction of a clean EMA stack. 2. **Dynamic Stops/Targets** – Trail stops along the smoothed EMA or take profit at opposite BB. 3. **Volatility Filter** – Enter breakout strategies only when BB width begins to widen. Parameter Summary • EMA Lengths: 1–500 (defaults 20 | 30 | 40 | 50) • Smoothing Type: None / SMA / EMA / SMMA / WMA / VWMA / SMA + BB • Smoothing Length: 1–500 (default 14) • BB StdDev: 0.001–50 (default 2.0) • Offset: -500…+500 bars No repainting – all values calculated on fully closed candles. Script written in Pine Script v6. Use at your own discretion; not financial advice.
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Axamdulilah tarafından
D/W/M High & Low LevelsThis utility plots the previous Day, Week, and Month high/low levels as persistent horizontal lines that span the chart. As any new day/week/month occurs, the lines adjust and update accordingly. Features: Toggle visibility for each of the 6 key levels: - Prior Day High/Low - Prior Week High/Low - Prior Month High/Low Customize any color and style (solid, dashed, dotted) individually. Alerts available for price crossing any of the selected levels. Works on any timeframe. Use Cases: Track key breakout/rejection levels for short- or long-term confluence Identify zones of liquidity or prior reversal pivots Overlay with trend indicators (like MAs or RSI) to frame context Great for swing traders, scalpers, and systematic strategies that incorporate market structure.
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kondor_trades tarafından
Modified Fractal Open/CloseModified Fractal (Open/Close Based) - Indicator The Modified Fractal (Open/Close Based) indicator offers a new way to detect fractal patterns on your chart by analyzing the open and close prices instead of the traditional high and low values. 🧮 How it works: The indicator evaluates a group of 5 consecutive candles. The central candle (2 bars ago) is analyzed. For a Bullish Fractal: The open or close of the central candle must be lower than the open and close of the other 4 surrounding candles. For a Bearish Fractal: The open or close of the central candle must be higher than the open and close of the other 4 surrounding candles. Once a valid pattern is detected, a visual symbol (triangle) is plotted directly on the chart and an alert can be triggered. ✅ Key Features: Non-repainting signals (evaluated after candle close) Fully mechanical detection logic Easy-to-use visual signals Alert conditions ready to be integrated into TradingView’s alert system Suitable for multiple timeframes (can be used from M1 to Daily and beyond) 🎯 Use case: This modified fractal approach can help traders: Spot potential swing points Identify possible reversals Confirm price exhaustion zones Support breakout or mean reversion strategies ⚠ Note: This indicator does not provide trade signals by itself. It is recommended to be combined with additional tools, price action analysis, or risk management rules.
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Giancarlo_Adorno tarafından
CandelaCharts - 1st Presented FVG 📝 Overview The ICT 1st Presented Fair Value Gap refers to the first FVG that forms after the market opens at 9:30 AM New York local time. In a sideways market, it often acts as a catalyst for price movement in either direction, while in trending conditions, it tends to support and reinforce the prevailing trend. This indicator automatically identifies the first Fair Value Gap (FVG) that forms after the New York session opens at 9:30 AM local time. Based on concepts taught by Inner Circle Trader (ICT), the 1st Presented FVG is a key institutional price imbalance that often sets the tone for the trading day. 📦 Features Customize FVG session time (e.g. 09:30 – 10:00) Show/hide session dividers FVG visibility filter (e.g. Bullish / Bearish) Advanced styling Hide overlapping FVGs Extend FVGs Opening prices ⚙️ Settings Show: Controls whether all, bullish only, or bearish only FVGs are displayed on the chart. Session: Sets a specific time window (e.g. 09:30–10:00) to filter which FVGs are displayed. Dividers: Toggles vertical session divider on the chart for visual separation. Midline: Displays a midpoint (CE) line through the FVG; customizable color and thickness. Border: Adds a border around each FVG zone. Labels: Toggles label display for FVGs. Hide Overlap: Hides overlapping FVGs to reduce visual clutter. Extend: Extends each FVG forward in time. Alerts: Enables alerts when price interacts with an FVG zone. Opening Prices: Allows defining custom time-based levels (e.g. 00:00–00:01 and 18:00–18:01) with color and style options. ⚡️ Showcase Simple Labels Bordered Consequent Encroachment Extended Dividers 📒 Usage How to Use the ICT 1st Presented Fair Value Gap in Trading To apply the ICT 1st Presented Fair Value Gap (FVG), identify the first fair value gap of the day and extend it across the chart until 3:45 PM New York time. You’ll often notice that some of the best trade setups form around this level. It tends to act as a key reference point for price action during the day—especially on trending days, where price frequently returns to this gap before continuing in its direction. This level can also serve as an inverse fair value gap, offering opportunities in the opposite direction under the right conditions. How to Disqualify the 1st Presented Fair Value Gap? When the first fair value gap forms after 9:30 AM New York time, check the candles that came just before it. If the candlestick that creates the FVG doesn’t break above or below the range of those previous candles, then it’s not a true inefficiency. In that case, it’s considered a disqualified 1st Presented Fair Value Gap—meaning it shouldn’t be used as a key reference level. Refer to the example below to see what this looks like on the chart. 🚨 Alerts This script provides alert options for all signals. Bearish Signal A bearish signal is triggered when the bearish 1st P.FVG is formed in interval 09:30 - 10:00. Bullish Signal A bullish signal is triggered when the bullish 1st P.FVG is formed in interval 09:30 - 10:00. ⚠️ Disclaimer Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
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CandelaCharts tarafından
Advanced Volume Profile Levels (Working)This indicator is a powerful tool for traders who use volume profile analysis to identify significant price levels. It automatically calculates and plots the three most critical levels derived from volume data—the Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL)—for three different timeframes simultaneously: the previous week, the previous day, and the current, live session. The primary focus of this indicator is unmatched readability. It features dynamic, floating labels that stay clear of price action, combined with a high-contrast design to ensure you can see these crucial levels at a glance without any visual clutter. Key Features Multi-Session Analysis: Gain a complete market perspective by viewing levels from different timeframes on a single chart. Weekly Levels: Identify the long-term areas of value and control from the prior week's trading activity. Daily Levels: Pinpoint the most significant levels from the previous day's Regular Trading Hours (9:30 AM - 4:00 PM ET). Current Session Levels: Track the developing value area and POC in real-time with a dynamic profile that updates with every bar. Advanced Visuals for Clarity: Floating Labels: The labels for the weekly and daily levels intelligently "float" on the right side of your chart, moving with the price to ensure they are never obscured by candles. High-Contrast Design: Labels are designed for maximum readability with solid, opaque backgrounds and an automatic text color (black or white) that provides the best contrast against your chosen level color. Trailing Current Levels: The labels for the current session neatly trail the most recent price action, providing an intuitive view of intra-day developments. Comprehensive Customization: Tailor the indicator's appearance to your exact preferences. Toggle each profile (Weekly, Daily, Current) on or off. Individually set the color, line style (solid, dashed, dotted), and line width for each set of levels. Adjust the text size, background transparency, and horizontal offset for all on-chart labels. Information Hub: On-Chart Price Labels: Each label clearly displays both the level name and its precise price (e.g., "D-POC: 22068.50"). Corner Table: An optional, clean table in the top-right corner provides a quick summary of all active weekly and daily level values. Built-in Alerts: Create alerts directly from the script to be notified whenever the price crosses above or below the weekly or daily Point of Control, helping you stay on top of key market movements. How to Use The levels provided by this indicator serve as powerful reference points for market activity: Point of Control (POC): The price level with the highest traded volume. It acts as a magnet for price and represents the area of "fair value" for that session. Markets often test or revert to the POC. Value Area High (VAH) & Value Area Low (VAL): These levels define the range where approximately 70% of the session's volume occurred. They are critical support and resistance zones. Price acceptance above the VAH may signal a bullish breakout. Price acceptance below the VAL may signal a bearish breakdown. Rejection at the VAH or VAL often leads to price moving back across the value area towards the POC.
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eurm tarafından
2
Trend Blend Trend blend is my new indicator. I use it to identify my bias when trading and filter out fake setups that are going in the wrong direction. Trend blend utilises the 9 EMA (Red), 21 EMA (Black), and if you trade futures or Bitcoin, you can also use the VWAP (Blue). There is also a table at the top right that displays the chart time frame bias I prefer to use the 1-hour time frame for bias and execute the trades on 5-minute charts, mainly, and sometimes on the 1-minute for a smaller stoploss. Here's an example of the trade I took during the London session on XAU/USD 1 hour bias was Bearish Price broke out of the range I waited for the London session to open, where I ended up taking a short on the 5-minute time frame as we broke out of the pre-London range Entry was at the Fair Value Gap (5-minute bias was also Bearish as price traded into the FVG) Stoploss was at the last high Take Profit was the next major support level Another set that I like to trade with the Trend blend is when price is trending bullish and price trades inside the 9 and 21 EMA, and there is a bullish candle closer above the 9 EMA with Stoploss below the low of the bullish candle and Take profit between 1-2 Risk to Reward Same when there's a bearish trend, I wait for price to trade inside the 9 and 21 EMA, and I'll take sells when a bearish candle closes below the 9 EMA. This setup works best in strong trends, or it can be used to enter a trade on a pullback or to scale into an existing trade.
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Intrusivefx tarafından