OI Analysis (Smoothed + Pivots + OI Divergence)Description
OI Pivot & Divergence Explorer is a multi-tool indicator for TradingView that blends Open Interest (OI) analysis with price action pivots and OI–price divergences. It helps you:
Visualize OI Trends: A thick, semi-transparent “glow” line shows smoothed OI changes, with a crisp center line for exact values.
Shade Momentum Scenarios: Background highlights flip between four market states—High Conviction, Squeeze, Bear Pressure, Liquidation—based on the confluence of price direction and OI spikes.
Detect Pivot Levels: Internally computes classic pivots on the OI series to mark potential turning points.
Spot OI-Price Divergences: Draws both regular and hidden bullish/bearish divergences between price pivots and corresponding OI pivots, connecting them with colored lines and labeling high-probability reversal setups.
Custom Alerts: Triggers alert conditions for each divergence type, so you can get notified of potentially actionable setups in real time.
Logic & Features
Inputs
Pivot Lookback (default 5): Number of bars on each side to qualify a pivot in both price and OI.
OI Change Smoothing (default 3) & OI Average Length (default 20): Control smoothing of raw OI delta and define the average band for threshold comparisons.
OI Change Threshold (%) (default 0.2%): Minimum relative OI change required to flag a “big” move.
Show OI Divergences (toggle on/off): Enable or disable drawing divergence lines and labels.
Scenario Shading
Computes raw OI delta → smoothed OI delta → compares against average OI.
Combines with price direction (up/down) to classify four states:
↑Price + ↑OI → High Conviction (green)
↑Price + ↓OI → Squeeze (orange)
↓Price + ↑OI → Bear Pressure (red)
↓Price + ↓OI → Liquidation (blue)
Shades the chart background only when the state flips.
Pivot Markers
Finds pivots on the OI series using the same lookback as price pivots.
(Pivot labels are removed from the visible pane; pivots now serve divergence logic.)
OI-Price Divergences
Regular Bullish: Price makes a lower low while OI makes a higher low.
Hidden Bullish: Price makes a higher low while OI makes a lower low.
Regular Bearish: Price makes a higher high while OI makes a lower high.
Hidden Bearish: Price makes a lower high while OI makes a higher high.
Connects each pivot pair with a thin line:
Regular uses dark navy
Hidden uses a lighter blue
Labels each divergence (“Bull Div,” “H Bull Div,” etc.) above or below the OI line for clarity.
How to Use
Add to Chart:
Open Pine Editor → paste the script → Save → “Add to Chart.”
Configure Inputs:
Adjust Pivot Lookback to match your timeframe: shorter (3–5) for intraday, longer (8–12) for daily/weekly.
Tweak OI Change Threshold to filter out noise or capture more subtle OI shifts.
Interpretation:
Background Color: Quick read on whether OI is reinforcing or diverging from price.
Divergence Lines: Look for regular divergences as early reversal signals; hidden divergences often indicate trend continuation or strong pullback entry points.
Alerts: Set up custom alerts on “Regular Bullish OI Divergence,” etc., to get popup/messages/notifications.
Best Practices:
Combine with your favorite price-based indicators (e.g. RSI, VWAP) for confluence.
Validate divergence signals against higher-timeframe pivots to avoid false breakouts.
Use in trending markets for continuation trades (hidden divergences) and in range markets for reversal setups (regular divergences).
Open
Open Drive 7M DetectorAn Opening Drive play or Open Drive play is a strategy for just right when the market is open. This strategy lets you take advantage of the momentum that happens just when the market opens. At the beginning of my trading career i made a lot of money using this strategy.
This indicator attempts to use my personal logic to decide wether one of the 7 Magnificents is a candidate for this strategy. So what the script does is to look for premarket behavior of the price around the VWAP with particular focus on interactions between 8 AM and 9:30 AM. If the price is found to cross VWAP or EMA 200 is a possible candidate. If the price retest either VWAP or EMA 200 then it's a candidate.
To play an Open Drive make sure your price is as close to the VWAP or EMA 200 as possible and then risk just a little below of them on an uprend and conversely up of them if on a downtrend.
Contact me if you have questions.
👽 TIME PERIODS👽 TIME PERIODS v1.15
Visualize key time divisions and session levels on any chart:
• Timezone‐aware session shading
– Highlight active NY session (configurable HHMM–HHMM and days)
– Adjustable background opacity
• Weekly & Monthly Separators
– Toggle on/off
– Custom color, style (solid/dashed/dotted) & width
• Day-of-Week Labels
– Diamonds at session start for M–S
– Toggle on/off
• Session Open Line
– Horizontal line at each session’s open
– Configurable color, width & “distanceRight” in bars
– Always shows current session
• Midpoint Vertical Line
– Plots halfway between session open & close
– Custom color, style & width
– Toggle on/off
▶ All elements grouped for easy parameter tweaking
▶ Fully timezone-configurable (default America/New_York)
▶ Version 1.15 — added distanceRight feature & current session support
Use this to see exactly where your chosen session, weekly/monthly boundaries, and intraday pivot points fall—across any timeframe.
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.
Devils MarkThe Devil’s Mark Indicator identifies bullish or bearish candlesticks with no opposing wick, plotting a horizontal line at the open/low (bullish) or open/high (bearish) price to mark the inefficiency.
This line highlights the level where price is expected to retrace to form the missing wick, serving as a visual cue.
The line is automatically removed from the chart once price crosses it, confirming the inefficiency has been rebalanced.
Candle Opens by HAZEDCandle Opens by HAZED
🎯 Overview
A clean, optimized indicator that displays key timeframe opening prices with enhanced performance and modern styling. Perfect for identifying critical support/resistance levels across multiple timeframes without chart clutter.
📈 Key Features
- 5 Major Timeframes: Daily, Weekly, Monthly, Quarterly, and Yearly opens
- Current Opens Only: No historical lookback - shows only the most recent/relevant levels
- Smart Positioning: Toggle between staggered lines (prevents overlap) or uniform length
- Dual Label Styles: Choose plain text (minimal) or enhanced labels with prices
- Performance Optimized: Streamlined code for faster loading and smoother operation
- Alert System: Get notified when any timeframe opens change
- Extended Hours Support: Works with pre/post market sessions
🎨 Customization Options
- Individual color selection for each timeframe
- Adjustable line width (1-4px)
- Right extension length control
- Optional left tail extensions
- Show/hide labels with style options
- Same length lines toggle for clean alignment
⚙️ Advanced Settings
- Discover Prices: Use chart data instead of HTF requests (for data feed discrepancies)
- Extended Hours: Display opens during pre/post market sessions
- Alert Controls: Enable/disable notifications for timeframe changes
📊 Default Configuration
- Enabled: Daily (Green), Weekly (Orange), Monthly (Red), Yearly (Blue)
- Disabled: Quarterly (Purple) - easily enabled if needed
- Labels: Enhanced style with prices shown by default
- Lines: 2px width, staggered positioning for optimal spacing
🚀 Performance Improvements
- Removed unnecessary historical data tracking
- Optimized drawing functions for better responsiveness
- Cleaner variable management and memory usage
- Enhanced yearly open detection algorithm
💡 Best Use Cases
- Swing trading: Identify key weekly/monthly levels
- Day trading: Respect daily opens as support/resistance
- Long-term investing: Monitor yearly opens for major trends
- Multi-timeframe analysis: See all key levels at once
🔧 Technical Notes
- Uses proper request.security() calls for accurate data
- Smart change detection prevents unnecessary redraws
- Handles different chart timeframes automatically
- Compatible with all asset classes and exchanges
Original concept enhanced and optimized by HAZED for modern trading needs.
Open - CSC Bars - 33 CSC Bars – Early Session Price Action Filter
This script detects when the first three bars of the RTH (Regular Trading Hours) session all move in the same direction — either all bullish or all bearish.
It’s a tool for price action traders who want to develop structured opening strategies by observing clean directional agreement at the session start. The indicator highlights the third bar when the sequence confirms directional bias.
🔍 How It Works:
Monitors the first three bars after the RTH session begins.
If all three bars are bullish, it highlights the third bar (same for bearish sequences).
No projections, signals, or entries—purely a visual tool to observe and study opening behavior.
🎯 Use Case:
This script is designed to help traders build and test opening-based frameworks by identifying potential trend bias early in the day.
Note: This is an open-source utility script with a simple function. It does not generate signals or predictions and is intended to assist with observation and discretionary strategy building.
Sessions by MikinoAn indicator that draws lines from major price levels, made especially for NQ, ES and YM futures.
Features
• Show and hide any lines you want and don't need individually
• Customize how far the lines and labels are drawn (in bar length)
• Change label text, color, width and line type of any line drawn
Price levels (in NY time)
• "Show session open" - price at the beginning of the session at 6:00 PM
• "Show Asia open" - price at 8:00 PM
• "Show Asia high" - highest price during Asia session from 8 PM - midnight
• "Show Asia low" - lowest price during Asia session from 8 PM - midnight
• "Show London open" - price at 3:00/4:00 AM (depending on daylight savings time), at the start of London session
• "Show London high" - highest price during London session from 3:00/4:00 AM - 5:00/6:00 AM
• "Show Asia low" - lowest price during London session from 3:00/4:00 AM - 5:00/6:00 AM
• "Show midnight open" - price at midnight
• "Show New York open" - price at 9:30 AM
• "Show New York 10 am" - price at 10:00 AM (10 AM reversal)
• "Show previous day high" - highest price during yesterdays session (from 6:00 PM until 6:00 PM)
• "Show previous day low" - lowest price during yesterdays session (from 6:00 PM until 6:00 PM)
Limitations
All of the lines/labels will be drawn on the chart on up to hourly chart, with the exemption of PDH/PDL that can be drawn on up to 4 hour chart. PDH/PDL tracks each trading day from from 6:00 PM until 6:00 PM, Asia range from 8:00 PM until midnight, London from 3:00 AM until 05:00 AM. The indicator will work on different indices other than NQ, ES and YM, but some of the features might not work correctly due to what is considered a trading day.
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.
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)
Futures Open/High/Low TablesAdds (up to) 3 tables to a chart, displaying Open/High/Low data for today (RTH and extended hours), yesterday, and the current week / month -- to help with intraday analysis of a futures ticker.
The tables only appear on intraday charts (5min, 30min, etc). On a Daily/Weekly/etc chart they are not calculated or shown.
In addition to Open/High/Low, the "Current" table in the top-right shows a live measurement of # of points from the open, the RTH open, and the highs/lows.
Lastly, the 9:30am ET open and the 4pm RTH close are by default marked with a shaded background (on intraday charts) for easy visual reference, and also to help with adjusting the session time to accommodate time zone issues if they occur.
Tested on ES in Eastern Time Zone, but should work on any futures instrument and any time zone by adjusting the Session Time setting.
Cumulative Price Change AlertCumulative Price Change Alert
Version: 1.0
Author: QCodeTrader 🚀
Overview 🔍
The Cumulative Price Change Alert indicator analyzes the percentage change between the current and previous open prices and sums these changes over a user-defined number of bars. It then generates visual buy and sell signals using arrows and labels on the chart, helping traders spot cumulative price momentum and potential trading opportunities.
Key Features ⚙️
Customizable Timeframe 🕒:
Use a custom timeframe or default to the chart's timeframe for price data.
User-Defined Summation 🔢:
Specify the number of bars to sum, allowing you to analyze cumulative price changes.
Custom Buy & Sell Conditions 🔔:
Set individual percentage change thresholds and cumulative sum thresholds to tailor signals for
your strategy.
Visual Alerts 🚀:
Displays green upward arrows for buy signals and red downward arrows for sell signals directly
on the chart.
Informative Labels 📝:
Provides labels with formatted percentage change and cumulative sum details for the analyzed
bars.
Versatile Application 📊:
Suitable for stocks, forex, crypto, commodities, and more.
How It Works ⚡
Price Change Calculation ➗:
The indicator calculates the percentage change between the current bar's open price and the
previous bar's open price.
Cumulative Sum ➕:
It then sums these percentage changes over the last N bars (as specified by the user).
Signal Generation 🚦:
Buy Signal 🟢: When both the individual percentage change and the cumulative sum exceed
their respective buy thresholds, a green arrow and label are displayed.
Sell Signal 🔴: Conversely, if the individual change and cumulative sum fall below the sell
thresholds, a red arrow and label are shown.
How to Use 💡
Add the Indicator ➕:
Apply the indicator to your chart.
Customize Settings ⚙️:
Set a custom timeframe if desired.
Define the number of bars to sum.
Adjust the buy/sell percentage change and cumulative sum thresholds to match your trading
strategy.
Interpret Visual Cues 👀:
Monitor the chart for green or red arrows and corresponding labels that signal potential buy or
sell opportunities based on cumulative price movements.
Settings Explained 🛠️
Custom Timeframe:
Select an alternative timeframe for analysis, or leave empty to use the current chart's timeframe.
Number of Last Bars to Sum:
Determines how many bars are used to compute the cumulative percentage change.
Buy Condition - Min % Change:
The minimum individual percentage change required to consider a buy signal.
Buy Condition - Min Sum of Bars:
The minimum cumulative percentage change over the defined bars needed for a buy signal.
Sell Condition - Max % Change:
The maximum individual percentage change threshold for a sell signal.
Sell Condition - Max Sum of Bars:
The maximum cumulative percentage change over the defined bars for triggering a sell signal.
Best Use Cases 🎯
Momentum Identification 📈:
Quickly spot strong cumulative price movements and momentum shifts.
Entry/Exit Signals 🚪:
Use the visual signals to determine potential entry and exit points in your trading.
Versatile Strategy Application 🔄:
Effective for scalping, swing trading, and longer-term analysis across various markets.
UPD: uncheck labels for better performance
[COG] Advanced School Run StrategyAdvanced School Run Strategy (ASRS) – Explanation
Overview: The Advanced School Run Strategy (ASRS) is an intraday trading approach designed to identify breakout opportunities based on specific time and price patterns. This script applies the concepts of the Advanced School Run Strategy as outlined in Tom Hougaard's research, adapted to work seamlessly on TradingView charts. It leverages 5-minute candlestick data to set actionable breakout levels and provides traders with visual cues and alerts to make informed decisions.
Features:
Dynamic Breakout Levels: Automatically calculates high and low levels based on the market's behavior during the initial trading minutes.
Custom Visualization: Highlights breakout zones with customizable colors and transparency, providing clear visual feedback for bullish and bearish breakouts.
Configurable Alerts: Includes alert conditions for both bullish and bearish breakouts, ensuring traders never miss a trading opportunity.
Reset Logic: Resets breakout levels daily at the market open to ensure accurate signal generation for each session.
How It Works:
The script identifies key levels (high and low) after a configurable number of minutes from the market open (default: 25 minutes).
If the price breaks above the high level or below the low level, a corresponding breakout is detected.
The script draws breakout zones on the chart and triggers alerts based on the breakout direction.
All levels and signals reset at the start of each new trading session, maintaining relevance to current market conditions.
Customization Options:
Line and box colors for bullish and bearish breakouts.
Transparency levels for breakout visualizations.
Alert settings to receive notifications for detected breakouts.
Acknowledgment: This script is inspired by Tom Hougaard's Advanced School Run Strategy. The methodology has been translated into Pine Script for TradingView users, adhering to TradingView’s policies and community guidelines. This script does not redistribute proprietary content from the original research but implements the principles for educational and analytical purposes.
Relative Open Interest - TradingriotRelative Open Interest
This indicator presents a normalized visualization of Open Interest, employing methodology similar to oscillators like RSI.
It transforms raw Open Interest data into an intuitive format that helps identify significant shifts in market positioning within perpetual futures markets.
Overbought Territory (>70)
When the indicator enters overbought territory, it signals substantial new directional perpetuals futures increase in the market.
This surge in positioning can signal two potential scenarios:
Momentum Continuation: The influx of new participants reinforces the existing trend
Mean Reversion: The rapid accumulation of positions creates conditions for a potential reversal
Oversold Territory (<30)
Oversold readings indicate a significant reduction in open positions, typically through a combination of:
Voluntary position closures
Stop-loss triggers
Forced liquidations
These conditions often present compelling mean reversion opportunities as the market digests this rapid position reduction.
Implementation Framework
While this indicator provides valuable insights into market positioning dynamics, it should be integrated within a comprehensive analytical framework rather than used in isolation.
The signals it generates are most effective when confirmed by complementary technical and fundamental analysis tools.
The indicator's strength lies in its ability to quantify and visualize significant changes in market participation, offering traders a sophisticated metric for understanding potential market inflection points and positioning dynamics.
Can be used on any timeframe with any lookback, make sure to backtest the settings that work best for you.
Do not forget that indicator only works when used on Binance perpetual futures charts.
Lead-Lag Market Detector [CryptoSea]The Lead-Lag Market Detector is an advanced tool designed to help traders identify leading and lagging assets within a chosen market. This indicator leverages correlation analysis to rank assets based on their influence, making it ideal for traders seeking to optimise their portfolio or spot key market trends.
Key Features
Dynamic Asset Ranking: Utilises real-time correlation calculations to rank assets by their influence on the market, helping traders identify market leaders and laggers.
Customisable Parameters: Includes adjustable lookback periods and correlation thresholds to adapt the analysis to different market conditions and trading styles.
Comprehensive Asset Coverage: Supports up to 30 assets, offering broad market insights across cryptocurrencies, stocks, or other markets.
Gradient-Enhanced Table Display: Presents results in a colour-coded table, where assets are ranked dynamically with influence scores, aiding in quick visual analysis.
In the example below, the ranking highlights how assets tend to move in groups. For instance, BTCUSDT, ETHUSDT, BNBUSDT, SOLUSDT, and LTCUSDT are highly correlated and moving together as a group. Similarly, another group of correlated assets includes XRPUSDT, FILUSDT, APEUSDT, XTZUSDT, THETAUSDT, and CAKEUSDT. This grouping of assets provides valuable insights for traders to diversify or spread exposure.
If you believe one asset in a group is likely to perform well, you can spread your exposure into other correlated assets within the same group to capitalise on their collective movement. Additionally, assets like AVAXUSDT and ZECUSDT, which appear less correlated or uncorrelated with the rest, may offer opportunities to act as potential hedges in your trading strategy.
How it Works
Correlation-Based Scoring: Calculates pairwise correlations between assets over a user-defined lookback period, identifying assets with high influence scores as market leaders.
Customisable Thresholds: Allows traders to define a correlation threshold, ensuring the analysis focuses only on significant relationships between assets.
Dynamic Score Calculation: Scores are updated dynamically based on the timeframe and input settings, providing real-time insights into market behaviour.
Colour-Enhanced Results: The table display uses gradients to visually distinguish between leading and lagging assets, simplifying data interpretation.
Application
Portfolio Optimisation: Identifies influential assets to help traders allocate their portfolio effectively and reduce exposure to lagging assets.
Market Trend Identification: Highlights leading assets that may signal broader market trends, aiding in strategic decision-making.
Customised Trading Strategies: Adapts to various trading styles through extensive input settings, ensuring the analysis meets the specific needs of each trader.
The Lead-Lag Market Detector by is an essential tool for traders aiming to uncover market leaders and laggers, navigate complex market dynamics, and optimise their trading strategies with precision and insight.
ICTProTools | ICT Insight - Time & Price Zones🚀 INTRODUCTION
The Time and Price Zones indicator builds upon the foundational concepts of ICT (Inner Circle Trader) and Smart Money Concepts (SMC). These methodologies analyze the behavior of institutional traders (known as "smart money") by focusing on liquidity, key price levels, and market timing.
Liquidity refers to areas with high concentrations of pending orders (stops, take-profits, entries) in the market. Large institutions efficiently need to execute their massive orders without causing excessive slippage. To achieve this, they strategically create and exploit liquidity pools by driving the price toward areas where retail traders cluster their positions.
Then, through "liquidity grabs" or "stop hunts,” institutions accumulate or distribute positions at optimal prices . This strategy allows them to fill large orders with minimal market impact, typically clearing out retail traders' positions before the price reverses.
This indicator helps traders apply these principles by merging time-based and price-based analysis tools for better market understanding. By combining high-impact sessions like Kill Zones with pivotal price markers such as Previous Highs and Lows, traders can see where institutional activity intersects with liquidity pools, improving their decision-making.
This powerful combination allows users to monitor market dynamics in real time, helping them spot sentiment shifts and identify crucial turning points more effectively.
💎 FEATURES
Kill Zones
Kill Zones are critical periods of the trading day characterized by heightened institutional activity, resulting in increased liquidity and significant price movements. By recognizing these zones, you can strategically focus your efforts on the most advantageous moments for trading.
The Asian Session , which runs from 5 PM to 1 AM New York time, serves as an essential liquidity provider before the onset of more volatile trading periods. This session is intricately linked to the Smart Money Tool (SMT - See below), as the highs and lows established during this period provide foundational liquidity levels. You can set alerts when these levels are breached , allowing you to stay informed without constant chart monitoring and make timely trading decisions.
Transitioning into the London Kill Zone from 2 to 5 AM New York time marks the beginning of the European session, often associated with increased volatility. Following this, the New York Kill Zone , occurring from 7 to 10 AM , sees significant overlap between the London and New York sessions, where liquidity flows intensify and frequently correlate with notable price reversals. Finally, the London Close from 10 to 12 PM signifies the end of the European session, often ending the day with a retracement in the daily range.
Thanks to the timezone you can select relative to a region, Kill Zones will automatically adapt to time changes throughout the year and between different brokers , ensuring accurate Kill Zone timings without manual adjustments.
Incorporating our advanced Kill Zones indicator into your trading strategy gives you unparalleled insights and enhanced functionality. With integrated alerts for breaches of key levels, you can stay informed and ready to act without the need for constant chart monitoring, allowing you to focus on executing your trading strategies effectively.
We can see on this chart the identified Kill Zones during the trading day on EURUSD , including the Asian Session in gray, which tends to consolidate slightly (creating liquidity), the London Kill Zone in orange, which tends to move fast, often taking Asian quickly, the New York Kill Zone in green, with always a lot of movements, and the London Close in blue, seeming rather to retrace.
The midline indicates the 50% mark of the session, serving as a reference point for potential price reactions. Additionally, the highs and lows established during the Asian Session are linked to the Smart Money Tool (SMT) and can trigger alerts when breached. Here, you could have received an alert when Asian Low (marked AL) and Asian High (marked AH) were swept.
Previous & Open Levels
Previous and Open levels are key elements in ICT methodology, showing important price points from major timeframes (Daily, Weekly, Monthly). These levels (Previous High, Low, Open, and their separators) help traders understand price dynamics and anticipate market shifts.
The Previous levels connect directly to the Smart Money Tool (SMT - See below) as they provide foundational liquidity levels. In ICT methodology, previous are levels where many traders place their Stop Loss, thus creating liquidity. This helps you understand potential market reactions and whether prices will likely continue their trend or reverse.
You’ll be instantly notified whenever the price interacts with any of these Previous levels. This means you can stay informed about critical market movements without the need to monitor your charts constantly.
The indicator also displays Opening prices and includes separators for daily, weekly, and monthly levels, offering a clear market overview.
Open levels can act as simplified indicators of Premium and Discount Zones. To be above the opening price can be considered as the Premium Zone , where the market offers higher prices, typically suitable for selling opportunities. Conversely, to be below this price can be considered as the Discount Zone , where prices are relatively lower, offering potential buying opportunities.
These visual elements help you identify crucial market zones that reflect both past price action and current market dynamics.
Our indicator offers you the exclusive ability to integrate the True Day Range, as described by ICT. Based on institutional logic, this concept defines the trading day starting at 00:00 New York time. You can adapt this flexible feature to match your trading style and analysis needs.
By incorporating our advanced Previous levels indicator into your trading arsenal, you gain powerful insights and enhanced functionality.
The chart above displays key Previous and open levels on EURUSD , including the Month, Week, and Day lines, along with separators for enhanced clarity. All levels are based on the True Day Range Mode. The notes indicate significant price points, highlighting how the price interacts with these important levels, which helps us to understand it…
We can start with the biggest liquidity, the Previous Month. In this example, we can see the PMH, and the price seems to have used this level as a reversal point. The PM levels are indeed significant liquidity zones. We can observe the creation of wicks that interact with this level, signaling a liquidity grab.
Following this, the price drops quickly before rebounding, creating a liquidity range, that will probably be liquidated then… This is why it rises again to form what is now the PDH (Previous Day High), using it as liquidity (inducement) while using the PWH (Previous Week High) as a rebound level. The PWH is indeed a High Resistance (HR) area since there is only a few liquidity at this point thanks to the liquidity grab. The price has no reason to move higher.
Looking ahead, we can forecast that the price may continue its decline, potentially targeting lower liquidity levels. There is likely additional liquidity beneath the current range, particularly near the PDL (Previous Day Low) and PWL (Previous Week Low).
Additionally, we can note that at this point, the price was above the D.O.P (Daily Open) and W.O.P (Weekly Open), areas where selling would be more favorable. The price reacts significantly around these levels, creating large wicks, demonstrating their importance.
SMT Dashboard (Smart Money Tool)
The Smart Money Tool (SMT) is a powerful concept within the ICT methodology that enables you to compare various assets based on liquidity uptake from significant price levels.
By utilizing the SMT, you can analyze any asset , whether it’s a currency pair, stock, cryptocurrency, or other financial instruments. The dashboard helps you identify the strongest and weakest assets by analyzing their interactions with critical liquidity levels and identifying divergences , including those related to the Previous Month, Previous Week, Previous Day, and Asian Session Highs and Lows. By doing so, he identifies the most bullish symbol. It will therefore tend to rise more easily, or at least fall less, than the other one.
The SMT includes alert functionality that notifies you whenever a new SMT is created or has changed , allowing you to stay informed about which asset is currently the strongest. This means you can react promptly to market changes without constantly monitoring your charts.
Additionally, since the SMT relies on the Previous levels, it is influenced by the selected mode, whether based on traditional Previous levels or the True Day Range . This flexibility ensures that you are using the most relevant information available for your trading decisions. Asian High and Asian Low levels are also calculated according to the schedules configured in the Kill Zones section.
In summary, the Smart Money Tool displays the strongest and weakest assets based on liquidity uptake, providing you with clear information on which asset to prioritize, so you can maximize your potential profits. By incorporating this concept into your approach, you align your decisions with prevailing market dynamics, offering you unparalleled insights and features tailored to enhance your trading strategy.
This chart displays the Smart Money Tool (SMT) dashboard on the GBPUSD symbol, which compares the liquidity uptake for EURUSD and GBPUSD pairs. The indicator shows that both Previous Month's and Week's High and Low were taken for both pairs. However, the Asian High (AH) has been breached on GBPUSD but not on EURUSD, while the Asian Low (AL) has been taken by EURUSD. As a result, GBPUSD is identified as the stronger asset, indicating that traders should focus on buying opportunities with GBPUSD rather than EURUSD. This analysis helps traders prioritize the best symbol for their strategies based on the most relevant liquidity divergences.
✨ SETTINGS
Kill Zones: Customize the display options for the Asian (with lines), London, New York, and London Close Kill Zones. Configure timezone options, midlines, and color preferences.
Previous & Open Levels: Adjust how Previous High/Low levels, Open and separators are displayed. Select between Classic or True Day Range Mode based on your trading preferences.
SMT: Choose the correlated assets for the SMT comparison and select which liquidity (Monthly, Weekly, Daily, Asian) to use and display. Configure settings like liquidity sweeps and strongest pair emojis.
Alerts: Configure alerts for key events such as the Asian High/Low or Previous Levels liquidity sweep, and SMT divergences.
🎯 CONCLUSION
The Time and Price Zones indicator offers a practical and insightful approach to market analysis by combining major principles of ICT and Smart Money Concepts into a cohesive tool. It empowers traders to understand key price levels, liquidity dynamics, and institutional activity with ease. By helping traders avoid being the liquidity of the market and instead align with institutional flows, the indicator can significantly enhance performances. While its features provide a valuable edge, it’s essential to remember that none should be used on its own and many more factors go into being a profitable trader.
Adapted RSI w/ Multi-Asset Regime Detection v1.1The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of an asset's recent price changes to detect overbought or oversold conditions in the price of said asset.
In addition to identifying overbought and oversold assets, the RSI can also indicate whether your desired asset may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell.
The RSI will oscillate between 0 and 100. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
The RSI is one of the most popular technical indicators. I intend to offer a fresh spin.
Adapted RSI w/ Multi-Asset Regime Detection
Our Adapted RSI makes necessary improvements to the original Relative Strength Index (RSI) by combining multi-timeframe analysis with multi-asset monitoring and providing traders with an efficient way to analyse market-wide conditions across different timeframes and assets simultaneously. The indicator automatically detects market regimes and generates clear signals based on RSI levels, presenting this data in an organised, easy-to-read format through two dynamic tables. Simplicity is key, and having access to more RSI data at any given time, allows traders to prepare more effectively, especially when trading markets that "move" together.
How we calculate the RSI
First, the RSI identifies price changes between periods, calculating gains and losses from one look-back period to the next. This look-back period averages gains and losses over 14 periods, which in this case would be 14 days, and those gains/losses are calculated based on the daily closing price. For example:
Average Gain = Sum of Gains over the past 14 days / 14
Average Loss = Sum of Losses over the past 14 days / 14
Then we calculate the Relative Strength (RS):
RS = Average Gain / Average Loss
Finally, this is converted to the RSI value:
RSI = 100 - (100 / (1 + RS))
Key Features
Our multi-timeframe RSI indicator enhances traditional technical analysis by offering synchronised Daily, Weekly, and Monthly RSI readings with automatic regime detection. The multi-asset monitoring system allows tracking of up to 10 different assets simultaneously, with pre-configured major pairs that can be customised to any asset selection. The signal generation system provides clear market guidance through automatic regime detection and a five-level signal system, all presented through a sophisticated visual interface with dynamic RSI line colouring and customisable display options.
Quick Guide to Use it
Begin by adding the indicator to your chart and configuring your preferred assets in the "Asset Comparison" settings.
Position the two information tables according to your preference.
The main table displays RSI analysis across three timeframes for your current asset, while the asset table shows a comparative analysis of all monitored assets.
Signals are colour-coded for instant recognition, with green indicating bullish conditions and red for bearish conditions. Pay special attention to regime changes and signal transitions, using multi-timeframe confluence to identify stronger signals.
How it Works (Regime Detection & Signals)
When we say 'Regime', a regime is determined by a persistent trend or in this case momentum and by leveraging this for RSI, which is a momentum oscillator, our indicator employs a relatively simple regime detection system that classifies market conditions as either Bullish (RSI > 50) or Bearish (RSI < 50). Our benchmark between a trending bullish or bearish market is equal to 50. By leveraging a simple classification system helps determine the probability of trend continuation and the weight given to various signals. Whilst we could determine a Neutral regime for consolidating markets, we have employed a 'neutral' signal generation which will be further discussed below...
Signal generation occurs across five distinct levels:
Strong Buy (RSI < 15)
Buy (RSI < 30)
Neutral (RSI 30-70)
Sell (RSI > 70)
Strong Sell (RSI > 85)
Each level represents different market conditions and probability scenarios. For instance, extreme readings (Strong Buy/Sell) indicate the highest probability of mean reversion, while neutral readings suggest equilibrium conditions where traders should focus on the overall regime bias (Bullish/Bearish momentum).
This approach offers traders a new and fresh spin on a popular and well-known tool in technical analysis, allowing traders to make better and more informed decisions from the well presented information across multiple assets and timeframes. Experienced and beginner traders alike, I hope you enjoy this adaptation.
Crypto Arbitrage Scanner [CryptoSea]Crypto Arbitrage Scanner
The Crypto Arbitrage Scanner is an advanced tool designed to help traders identify arbitrage opportunities across multiple cryptocurrency exchanges. With the ability to compare prices, volumes, and differences in price, this indicator is a must-have for any trader seeking to exploit cross-exchange inefficiencies in real time.
Key Features
Multi-Exchange Price and Volume Comparison: Tracks data from multiple major cryptocurrency exchanges, including BINANCE, COINBASE, KUCOIN, and others, allowing traders to easily compare prices and volume across platforms.
Customizable Difference Metrics: Allows users to toggle between displaying price differences in percentages or absolute dollar values, depending on the preferred metric for arbitrage analysis.
Sorting and Filtering Options: Includes user-defined sorting options to order the data by Price, Volume, or Difference, helping to prioritize potential arbitrage opportunities based on the trader's chosen criteria.
Difference and Volume Thresholds: Users can specify the minimum volume and price difference thresholds, ensuring that only significant arbitrage opportunities are highlighted.
Real-Time Alerts: Built-in alert conditions notify users when arbitrage opportunities exceed their defined price difference thresholds, helping traders respond instantly to market movements.
The Crypto Arb Scanner displays a table of prices, volumes, and price differences across selected exchanges. Each exchange is listed along with the current close price, volume, and the difference in price compared to the average price across all exchanges. Highlighting is used to indicate significant differences that may present arbitrage opportunities.
In the example below, we can see a highlighted opportunity in green showing that the price is below the user inputed thresold.
How it Works
Data Collection: Gathers real-time volume and price data from various exchanges using a streamlined process, allowing for a detailed comparison.
Average Price Calculation: Computes the average price across all valid exchanges to identify where price discrepancies occur, providing a clear picture of arbitrage potential.
Sorting Mechanism: Utilizes custom sorting based on user preferences, making it easy to quickly analyze and identify key opportunities.
Dynamic Highlighting and Alerts: Price differences that exceed user-defined thresholds are highlighted, and alerts can be triggered for these arbitrage opportunities, allowing for a timely response.
Application
Arbitrage Trading: The Crypto Arb Scanner is ideal for traders looking to exploit price differences across exchanges, enabling efficient arbitrage opportunities.
Market Efficiency Analysis: Offers insights into the consistency of prices across exchanges, which can help gauge the efficiency and liquidity of the markets being traded.
Customizable Alerts: Set alerts based on price differences or volume, allowing traders to stay informed about changes without constantly monitoring the markets.
The Crypto Arbitrage Scanner is a powerful addition to any trader's toolkit, offering comprehensive features to detect arbitrage opportunities with confidence. With real-time monitoring, customizable metrics, and a user-friendly interface, this tool allows traders to make informed decisions and capitalize on inefficiencies across exchanges.
First 5 Minutes Open/Close LinesThis very simple indicator paints lines at the high and low of the first 5m candle of the session. It is primarily intended for big cap NYSE traded stocks with high volume. I wrote this indicator to save me the trouble of manually drawing the lines each day.
The lines drawn at the 5m high/low will remain constant regardless of which timeframe you switch to. In the example screenshot, we are looking at the 1m timeframe. This helps us switch effortlessly between different timeframes to see if a given price movement meets our entry criteria.
In addition to drawing lines at the first 5m high/low, it will optionally paint two zones, one each around the high and low. The boundaries of this zone are configurable and expressed as a percentage of the total movement of the first 5m bar. By default, it is set to 25%.
This indicator is based on the concept that the first 5m bar always has massive volume which helps us infer that price may react around the extremes of that movement. The basic strategy works something like this:
- You identify the high timeframe (HTF) trend direction of the stock
- You wait for the first 5m candle of the session to close
- You wait for price to puncture through the outer boundary of the zone marked by the indicator.
- You enter when price retraces to the high, or low, which marks the midpoint of the punctured zone.
- Only enter long on stocks in a HTF uptrend, and short on stocks in an HTF downtrend.
- Use market structure to identify stop loss and take profit targets
Note: Use at your own risk. This indicator and the strategy described herein are not in any way financial advice, nor does the author of this script make any claims about the effectiveness of this strategy, which may depend highly on the discretion and skill of the trader executing it, among many other factors outside of the author's control. The author of this script accepts no liability, and is not responsible for any trading decisions that you may or may not make as a result of this indicator. You should expect to lose money if using this indicator.
Dynamic Open Levels# Dynamic Open Levels Indicator v1.0
Release Date: November 5, 2024
Introducing the Dynamic Open Levels indicator on TradingView! This tool helps traders visualize and analyze key opening price levels across multiple timeframes, making your market analysis more effective.
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### Key Features
- Multiple Timeframes : Yearly, Quarterly, Monthly, Weekly, Daily, 4H, and 1H levels available.
- Visibility Controls : Easily toggle visibility for each timeframe to suit your trading style.
- Line Customization : Set custom thickness and colors for lines, making charts easy to interpret.
- Monthly: Purple
- Weekly: Blue
- Daily: Green
- 4H: Red
- 1H: Orange
- Dynamic Coloring : Lines adjust color based on market conditions—teal for bullish (`rgb(34, 171, 148)`) and coral for bearish (`rgb(247, 82, 95)`).
### Labels & Customization
- Real-Time Labels : Each level is labeled for easy identification (e.g., Y for Yearly, Q for Quarterly).
- Label Settings : Customize opacity, text color, size, and position for clarity without cluttering your chart.
- Sizes : Choose from tiny, small, normal, large, to huge.
- Offset : Set labels from 1 to 10 to position them precisely.
- Color Management : Organize all colors under a dedicated Line Colors group for easy adjustments.
### Advanced Plotting & Performance
- Real-Time Updates : Levels are updated dynamically with the latest open prices.
- Extended Lines : Lines extend to the right, offering a consistent reference for future price movement.
- Optimized Performance : Handles up to 500 lines efficiently to maintain smooth performance.
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### Installation Instructions
1. Add to Chart :
- Go to the Indicators section in TradingView.
- Search for Dynamic Open Levels and add it to your chart.
2. Customize Settings :
- Line Thickness : Adjust to suit your preference.
- Visibility : Toggle timeframes like Yearly, Monthly, Weekly, etc., as needed.
- Labels : Configure opacity, text color, size, and offset under the Label Settings group.
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### Documentation & Support
For guidance on using the Dynamic Open Levels indicator, visit our Documentation (#). If you need assistance, check out our Support Channel (#).
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Thank you for choosing Dynamic Open Levels . Stay tuned for future updates that will continue to improve your trading experience!
H A Z E D
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
Advanced VWAP [CryptoSea]The Advanced VWAP is a comprehensive volume-weighted average price (VWAP) tool designed to provide traders with a deeper understanding of market trends through multi-layered VWAP analysis. This indicator is ideal for those who want to track price movements in relation to VWAP bands and detect key market levels with greater precision.
Key Features
Multi-Timeframe VWAP Bands: Includes multiple VWAP bands with different lookback periods (5, 10, 25, and 50), allowing traders to observe short-term and long-term price behavior.
Smoothed Band Options: Offers optional smoothing of VWAP bands to reduce noise and highlight significant trends more clearly.
Dynamic Median Line Display: Plots the median line of the VWAP bands, providing a reference for price movements and potential reversal zones.
VWAP Trend Strength Calculation: Measures the strength of the trend based on the price's position relative to the VWAP bands, normalized between -1 and 1 for easier interpretation.
In the example below we can see the VWAP Forecastd Cloud, which consists of multiple layers of VWAP bands with varying lookback periods, creating a dynamic forecast visualization. The cloud structure represents potential future price ranges by projecting VWAP-based bands outward, with darker areas indicating higher density and overlap of the bands, suggesting stronger support or resistance zones. This approach helps traders anticipate price movement and identify areas of potential consolidation or breakout as the price interacts with different layers of the forecast cloud.
How it Works
VWAP Calculation: Utilizes multiple VWAP calculations based on various lookback periods to capture a broad range of price behaviors. The indicator adapts to different market conditions by switching between short-term and long-term VWAP references.
Smoothing Algorithms: Provides the ability to smooth the VWAP bands using different moving average types (SMA, EMA, SMMA, WMA, VWMA) to suit various trading strategies and reduce market noise.
Trend Strength Analysis: Computes the trend strength based on the price's distance from the VWAP bands, with a value range of -1 to 1. This feature helps traders identify the intensity of uptrends and downtrends.
Alert Conditions: Includes alert options for crossing above or below the smoothed median line, as well as touching the smoothed upper or lower bands, providing timely notifications for potential trading opportunities.
This image below illustrates the use of smoothed VWAP bands, which provide a cleaner representation of the price's relationship to the VWAP by reducing market noise. The smoothed bands create a flowing cloud-like structure, making it easier to observe significant trends and potential reversal points. The circles highlight areas where the price interacts with the smoothed bands, indicating potential key levels for trend continuation or reversal. This setup helps traders focus on meaningful movements and filter out minor fluctuations, improving the identification of strategic entry and exit points based on smoother trend signals.
Application
Strategic Entry and Exit Points: Helps traders identify optimal entry and exit points based on the interaction with VWAP bands and trend strength readings.
Trend Confirmation: Assists in confirming trend strength by analyzing price movements relative to the VWAP bands and detecting significant breaks or touches.
Customized Analysis: Supports a wide range of trading styles by offering adjustable smoothing, band settings, and alert conditions to meet specific trading needs.
The Advanced VWAP by is a valuable addition to any trader's toolkit, offering versatile features to navigate different market scenarios with confidence. Whether used for day trading or longer-term analysis, this tool enhances decision-making by providing a robust view of price behavior relative to VWAP levels.
Hourly Separator + Opening LineThis indicator shows the vertical and horizontal opening lines for the hourly timeframe.
Also has options to choose a different opening time:
- 1 Hour
- 30 Min
- 15 Min
- 10 Min
- 5 Min
