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CYCLE BY RiotWolftradingDescription of the "CYCLE" Indicator The "CYCLE" indicator is a custom Pine Script v5 script for TradingView that visualizes cyclic patterns in price action, dividing the trading day into specific sessions and 90-minute quarters (Q1-Q4). It is designed to identify and display market phases (Accumulation, Manipulation, Distribution, and Continuation/Reversal) along with key support and resistance levels within those sessions. Additionally, it allows customization of boxes, lines, labels, and colors to suit user preferences. Main Features Cycle Phases: Accumulation (1900-0100): Represents the phase where large operators accumulate positions. Manipulation (0100-0700): Identifies potential manipulative moves to mislead retail traders. Distribution (0700-1300): The phase where large operators distribute their positions. Continuation/Reversal (1300-1900): Indicates whether the price continues the trend or reverses. 90-Minute Quarters (Q1-Q4): Divides each 6-hour cycle (360 minutes) into four 90-minute quarters (Q1: 00:00-01:30, Q2: 01:30-03:00, Q3: 03:00-04:30, Q4: 04:30-06:00 UTC). Each quarter is displayed with a colored box (Q1: light purple, Q2: light blue, Q3: light gray, Q4: light pink) and labels (defaulted to black). Support and Resistance Visualization: Draws boxes or lines (based on settings) showing the high and low levels of each session. Optionally displays accumulated volume at the highs and lows within the boxes. Daily Lines and Last 3 Boxes: How to Use the Indicator Step 1: Add the Indicator to TradingView Open TradingView and select the chart where you want to apply the indicator (e.g., UMG9OOR on a 5-minute timeframe, as shown in the screenshot). Go to the Pine Editor (at the bottom of the TradingView interface). Copy and paste the provided code. Click Compile and then Add to Chart. Step 2: Configure the Indicator Click on the indicator name on the chart ("CYCLE") and select Settings (or double-click the name). Adjust the options based on your needs: Cycle Phases: Enable/disable phases (Accumulation, Manipulation, Distribution, Continuation/Reversal) and adjust their time slots if needed. 90-Minute Quarters: Enable/disable quarters (Q1-Q4). Step 3: Interpret the Indicator Identify Cycle Phases: Observe the red boxes indicating the phases (Accumulation, Manipulation, etc.). The high and low levels within each phase are potential support/resistance zones. If volume is enabled, pay attention to the accumulated volume at highs and lows, as it may indicate the strength of those levels. Use the 90-Minute Quarters (Q1-Q4): The colored boxes (Q1-Q4) divide the day into 90-minute segments. Each quarter shows the price range (high and low) during that period. Use these boxes to identify price patterns within each quarter, such as breakouts or consolidations. The labels (Q1, Q2, etc.) help you track time and anticipate potential moves in the next quarter. Analyze Support and Resistance: The high and low levels of each phase/quarter act as support and resistance. Daily lines (if enabled) show key levels from the previous day, useful for planning entries/exits. The "last 3 boxes below price" (if enabled) highlight potential support levels the price might target. Avoid Manipulation: During the Manipulation phase (0100-0700), be cautious of sharp moves or false breakouts. Use the high/low levels of this phase to identify potential traps (as explained in your first question about manipulation candles). Step 4: Trading Strategy Entries and Exits: Support/Resistance: Use the high/low levels of phases and quarters to set entry or exit points. For example, if the price bounces off a Q1 support level, consider a buy. Breakouts: If the price breaks a high/low of a quarter (e.g., Q2), wait for confirmation to enter in the direction of the breakout. Volume: If accumulated volume is high near a key level, that level may be more significant. Risk Management: Place stop-loss orders below lows (for buys) or above highs (for sells) identified by the indicator. Avoid trading during the Manipulation phase unless you have a specific strategy to handle false breakouts. Time Context: Use the quarters (Q1-Q4) to plan your trades based on time. For example, if Q3 is typically volatile in your market, prepare for larger moves between 03:00-04:30 UTC. Step 5: Adjustments and Testing Test on Different Timeframes: The indicator is set for a 5-minute timeframe (as in the screenshot), but you can test it on other timeframes (e.g., 1-minute, 15-minute) by adjusting the time slots if needed. Adjust Colors and Styles: If the default colors are not visible on your chart, change them for better clarity. --- 📌 1. **Accumulation: Strong Institutional Activity** - During the **accumulation phase, we see **high volume: 82.773K, which suggests strong buying interest**, likely from institutional players. - This sets the base for the following upward move in price. --- 📌 2. **Manipulation: False Breakout with Lower Volume** - Later, there's a manipulation phase where price breaks above previous highs, but the volume (71.814K) is **lower than during accumulation**. - This implies that buyers are not as aggressive as before—no real demandbehind the breakout. - It’s likely a bull trap, where smart money is selling into the breakout to exit their positions. --- ### 📌 3. Distribution: Weakness and Lack of Demand - The market enters a distribution phase, and volume drops even further (only 7.914K). - Price struggles to go higher, and you start seeing rejections at the top. - This shows that demand is drying up, and smart money is offloading positions**—not accumulating anymore. --- ### 💡 Why Take the Short Here? - Volume is not increasing with new highs—showing weak demand**. - The manipulation volume is weaker than the accumulation volume, confirming the breakout was likely false. - Structure starts to break down (Q levels falling), which confirms weakness. - This creates a high-probability short setup: - **Entry:** after confirmation of distribution and structural breakdown. - **Stop loss:** above the manipulation high. - **Target:** down toward previous lows or value zones. --- ### ✅ Conclusion Since the manipulation volume failed to exceed the accumulation volume, the breakout lacked real strength. Combined with decreasing volume in the distribution phase, this indicates fading demand and supply taking control—which justifies entering a short position.
Pine Script® göstergesi
anarkiacapital tarafından
30‑Sec OR & PaylinesTo solidify your trading with actual horizontal never-changing target lines to be used for stop orders and entries, this OR indicator will give you the edge you need to establish a position. This Opening Range Indicator works on a 30 Second Chart and lasts the entire trading period for that day. The CME Futures established the OR way back before computers even existed. Use this to establish never-changing entry and stop orders, to solidify your trading results with no more guessing about where you get in or out. This will help you to control your results.
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Santiago_TradingLLC tarafından
5
30s Opening RangeNOTICE: This is mostly for The Lab user and I will promise any feature request, but if you really want something, please leave a message or comment here or The Lab discount What it does Draws, on any chart timeframe (30 s, 1 m, 5 m, 1 h, etc.) and in replay mode, the high–low “opening range” of the first 30-second bar after your specified market open, for up to the last N trading days. How to use it Set your open time Start Hour/Minute/Second: Choose the timestamp of your market’s opening auction or first bar (e.g. 09:30:00 for US equities, 08:00:00 for FX). Customize appearance Area Color: The fill and border color of each day’s opening-range box. Show Mid Line: Toggle on/off a horizontal “mid-range” line. Mid-Line Style & Color: Choose solid/dashed/dotted style and slight tint. History depth How many days history: How many past boxes to retain (1–20). Older ones are automatically deleted. Interpretation Box: The vertical range between the high and low of that very first 30 s bar of the session—often used as an early volatility or breakout benchmark. Mid-Line (if enabled): The arithmetic midpoint of that opening range, a simple reference for early mean-reversion or breakout direction. Replay & multi-timeframe Because it sources directly from a hidden 30 s series, the indicator works identically in real-time and in TradingView’s replay mode, and will draw the correct levels even if you switch to 1 m, 5 m, or higher timeframes.
Pine Script® göstergesi
blink9527 tarafından
ORB-X v6 (Dashed OR Lines)ORB-X v6 – 15-Minute Opening-Range Breakout Helper by Opskie. WHAT THE SCRIPT DOES • Draws the opening range: tracks the highest high and lowest low from 09:30 to 09:45 ET (or any custom window you set) and projects two yellow dashed lines across the rest of the session. • Alerts: – “ORB Breakout Up” fires when price closes above the OR-High. – “ORB Breakout Down” fires when price closes below the OR-Low. • Screener-ready output: a hidden series called ORB_Long_OK equals “1” on bars where the long breakout is valid. Add this column in TradingView’s Stock Screener and filter “≠ NA” to see a live list of breakouts. • Fully editable: change session start, opening-range length, colours and line styles in the settings. QUICK-START GUIDE Add the script to any chart (Indicators → My Scripts → ORB-X v6). Wait for the first 15-minute window to close; two dashed yellow lines will appear. (Optional) Set an alert: • Alerts → Create Alert → Condition = “ORB Breakout Up” (or Down) → choose “Once per bar close”. Build a Stock Screener watch-list: • Open Stock Screener. • Filters: Exchange = NASDAQ + NYSE, set any price band you like (for example 3 to 6 USD). • Columns (gear icon) → Indicators → tick ORB_Long_OK. • Hover the ORB_Long_OK header → funnel icon → choose “≠ NA”. Now the table lists only tickers whose latest closed bar has broken above their 15-minute OR-High. USER INPUTS • Session Start Hour / Minute (default 09:30 ET) – first bar of the range • Range Length (minutes) (default 15) – how long to measure highs/lows • Line colours and styles – purely cosmetic TYPICAL WORKFLOW Premarket: scan for liquid gappers and momentum names. 09:30–09:45 ET: let ORB-X mark the range; no trades yet. After 09:45: trade only symbols that close above their OR-High (ORB_Long_OK = 1) using your own risk rules (e.g. stop just below the high). End of day: journal the results and refine. DISCLAIMER This indicator is for educational purposes only and is not financial advice. Test on a demo account first and always use proper risk management.
Pine Script® göstergesi
Opskie tarafından
Schaff Trend Cycle (STC) - t0rdn3Schaff Trend Cycle (STC) By t0rdn3 (original STC by , now with more descriptive naming) Description The Schaff Trend Cycle (STC) is a momentum-based oscillator that combines the speed of a fast EMA crossover with cyclical normalization. Developed by Doug Schaff, it identifies market turning points more responsively than MACD or RSI. How It Works 1. EMA Difference : Calculates the difference between two EMAs of the source series (default: close). 2. Cycle Percentage : Normalizes that difference to a 0–100 range over the cycle period. 3. Smoothing : Applies exponential smoothing twice—first to the cycle percentage, then to its normalized cycles—to reduce noise. 4. Final STC Line : Produces a smoothed oscillator oscillating between 0 and 100. Alerts - "STC turned down above 75" : Fires once when STC makes a local peak above the upper threshold ( 75 ). - "STC turned up below 25" : Fires once when STC makes a local trough below the lower threshold ( 25 ). Inputs Cycle Period : 12 — Lookback in bars for normalization Fast EMA Length : 26 — Period of the fast EMA Slow EMA Length : 50 — Period of the slow EMA Smoothing Factor : 0.5 — Exponential smoothing coefficient (0–1) Usage Readings above 75 indicate an overbought cycle; readings below 25 indicate an oversold cycle. Crossings of the 50 midline can confirm trend direction: - STC rising through 50 → bullish shift - STC falling through 50 → bearish shift Combine STC with price action or other trend filters to improve signal quality. You can adjust the cycle period and EMA lengths to match different timeframes or instruments.
Pine Script® göstergesi
t0rdn3 tarafından
Price Channel MarkerThis indicator identifies a dynamic price channel based on the most relevant recent price action. It draws two horizontal lines: * 🔴 Red Line – Marks the high of the most recent red candle (bearish) whose high is just below the current price. It selects the red candle with the high closest in price to the current close, and ensures it is from a valid historical context (ignoring recent highs above the current price). * 🟢 Green Line – Marks the low of the most recent green candle (bullish) whose low is just above the current price, also selected based on proximity to the current price. Together, these two lines define a potential price compression zone or "trap" area — showing where price may currently be trading between recent supply (red candle) and demand (green candle). The lines update dynamically and extend into the future to help visualize breakout or rejection levels. Use Cases: * Spot potential breakout zones. * Define short-term support and resistance. * Filter for entries in range-bound or squeeze conditions. Customization: * Adjustable lookback range (up to 5000 bars). * Colors and line style are easily customizable.
Pine Script® göstergesi
oferraanan tarafından
ian_Trado v15 Trend Entry Filter# 📈 ian_Trado v15 Trend Entry Filter (Pine Script v6) The **ian_Trado v15** is a multi-factor **trend confirmation filter** for NASDAQ (NAS100), Dow Jones (DJ30), Gold (XAU), DAX, and USDJPY. It combines **EMA structure**, **Donchian channel breakout**, **MACD histogram momentum**, **Volume confirmation**, and a **Range Compression Filter** to avoid entering during choppy or sideways markets. ✅ Designed for **bot deployment** (e.g., grid bots, long/short breakout bots) or **manual trading**. --- ## 🔍 How This Filter Works: 1. **EMA Trend Confirmation** - Long Trend: EMA(1) > EMA(5) > EMA(60) - Short Trend: EMA(1) < EMA(5) < EMA(60) 2. **Donchian Channel Width Expansion** - Only allows trades when the **breakout width** exceeds a minimum threshold. 3. **MACD Histogram Slope Filter (Optional)** - Confirms momentum building in the direction of the trend. - Strict Mode: MACD histogram must consistently rise or fall over 3 bars. 4. **Volume Filter (Optional)** - Ensures volume supports the move (filters out weak conditions). 5. **Range Compression Filter (Optional)** - Avoids entries during sideways chop. 6. **Cooldown Control** - Limits overtrading by requiring spacing between entries. 7. **Exit Conditions** - Gray dot appears when trending conditions are no longer valid. --- ## ⚙️ Settings Explained: | Setting | Description | |:--------|:------------| | **Cooldown Bars** | Minimum bars between consecutive entries | | **Profit Target (%)** | Visual profit marker for exit tracking | | **Donchian Channel Length** | Lookback period for detecting breakout width | | **Minimum Donchian Width** | Threshold to confirm meaningful breakouts | | **Volume Lookback Period** | Average volume validation window | | **Box Range (Range Compression)** | Max allowed price range over lookback bars | | **Range Compression Bars** | Number of bars to check for range compression | | **Strict MACD Filter** | Use stricter MACD slope checks | --- ## 📊 Recommended Settings by Instrument (1H Chart): | Asset | Min Donchian Width | Range Compression | Profit Target | |:------|:-------------------|:------------------|:--------------| | **NAS100** (Nasdaq) | 300–450 pts | 400 pts / 40 bars | 1.5% | | **DJ30** (Dow Jones) | 400–600 pts | 500 pts / 40 bars | 1.0–1.5% | | **XAU/USD** (Gold) | 10–15 pts | 8 pts / 30 bars | 0.8–1.2% | | **DAX40** (Germany) | 200–300 pts | 250 pts / 40 bars | 1.0% | | **USD/JPY** (Forex) | 0.5–0.8 pts | 0.4 pts / 40 bars | 0.5–0.8% | --- ## 🔔 Alerts Available: - Long Entry - Short Entry - Exit Zone > **Note:** Volume filter may be disabled if volume is unreliable (e.g., some forex pairs). --- ## 📅 Version: - **ian_Trado v15** — April 2025 - Built with **Pine Script v6** for maximum stability - Clean toggling and plotting logic (no `na` errors)
Pine Script® göstergesi
ikohtl tarafından
Sessions + Confirmed Trend + Volume + Alerts + StochRSIInstructions for using the "Sessions + Trend Confirmed + Volume + Alerts + TP1/TP2/TP3 + SL + StochRSI Confirm" indicator This indicator is designed to help identify trading sessions (Asian, European, American), confirm trends using the HMA (Hull Moving Average), analyze trading volume, generate buy/sell signals, and apply TP (Take Profit) and SL (Stop Loss) levels to charts. Basic settings: After the indicator is added to the chart, you will notice a settings panel on the left. Here you can change the indicator settings according to your preferences: Trading sessions: Show Asian Session: You can enable or disable the display of the Asian session on the chart. Show European Session: You can enable or disable the display of the European session on the chart. Show American Session: You can enable or disable the display of the American session on the chart. TP/SL Settings: Show TP1/TP2/TP3 and SL: Enable or disable the display of TP and SL levels on the chart. TP1 %, TP2 %, TP3 %: Set the profit percentage for each TP (Take Profit) level. Stop Loss %: Set the percentage for the Stop Loss. TP/SL Line Duration (bars): Adjust the duration for which the TP/SL lines will remain on the chart. HMA Settings: Fast HMA Period: Adjust the period for the fast HMA (recommended: 9-14 for small timeframes, 14-21 for large timeframes). Slow HMA Period: Adjust the period for the slow HMA (recommended: 21-50 for large timeframes). Volume Settings: Volume Multiplier: Adjust the volume multiplier to filter out large volumes. (Recommendation: 1.5-2.0 for high volatility, 1.2-1.5 for more stable markets). Additional Confirmations: Volume Confirmation: Enable or disable confirmation of trading signals based on volume. Stochastic RSI Confirmation: Enable or disable confirmation of signals based on Stochastic RSI. 2. How the indicator works: Trading Sessions: The indicator will color the chart background according to the active session (Asia, Europe or USA), to give you a clear view of the trading periods. Asia: Blue background Europe: Light blue background USA: Red background Buy/Sell signals: The indicator will display trading signals on the chart based on the following conditions: Buy signal (BUY): When the fast HMA (blue) crosses the slow HMA (orange) in the upward direction and the volume and Stochastic RSI confirmation conditions are met (if these confirmations are enabled). Sell signal (SELL): When the fast HMA (blue) crosses the slow HMA (orange) in the downward direction and the volume and Stochastic RSI confirmation conditions are met (if these confirmations are enabled). These signals will appear as green (BUY) and red (SELL) labels on the chart. TP and SL levels: After a valid trading signal (BUY/SELL), the indicator will place TP1, TP2, TP3 and SL levels to guide you in managing your position. Lines will be drawn on the chart to show the price levels at which you could close the position for profit or limit losses. Volume: The indicator analyzes the trading volume. If the current volume exceeds the moving average over a period of 20 bars (or other custom period), it will consider this volume as significant (HIGH VOLUME). If the volume is not significant, it will be marked as LOW VOLUME. Stochastic RSI: The indicator calculates and uses Stochastic RSI to confirm buy/sell signals: Buy confirmation: Stochastic RSI is below 20 and the K line (fast curve) exceeds the D line (slow curve). Sell ​​confirmation: Stochastic RSI is above 80 and the K line is below the D line. This helps to avoid false signals and increase the accuracy of the signals. 3. Alert in TradingView: To enable alerts in TradingView based on buy and sell signals: After the indicator is added to the chart, click on the "Alerts" button at the top of TradingView. Select the desired conditions, for example: "BUY ALERT" to receive a notification when a buy signal is generated. "SELL ALERT" to receive a notification when a sell signal is generated. 4. Additional customization: You can adjust the parameters of the indicators (HMA, RSI, Stochastic RSI) according to your needs or different financial instruments. For example, for BTC, you could use a shorter fast HMA, while for EUR/USD you can use a longer HMA to reflect the different volatility. You can change the length of the TP/SL lines to make them more visible or reduce them if you don't want them to stay on the chart for too long. To adjust the indicators according to each timeframe, I will provide you with the recommended settings for each specific timeframe for both instruments, BTC and EUR/USD. Recommended settings for each timeframe: 1-Minute (1m): BTC: Fast HMA: 7 Slow HMA: 14 RSI: 7 Stochastic RSI: 7, 3, 3 Volume: Use a higher volume multiplier, e.g. 1.5. EUR/USD: Fast HMA: 9 Slow HMA: 18 RSI: 7 Stochastic RSI: 7, 3, 3 Volume: Use a lower volume multiplier, e.g. 1.2. 5-Minute (5m): BTC: Fast HMA: 9 Slow HMA: 18 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.5 - 2. EUR/USD: Fast HMA: 12 Slow HMA: 24 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.2. 15-Minute (15m): BTC: Fast HMA: 9 Slow HMA: 21 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.5 - 2. EUR/USD: Fast HMA: 14 Slow HMA: 28 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.2. 1-Hour (1h): BTC: Fast HMA: 14 Slow HMA: 28 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.5 - 2. EUR/USD: Fast HMA: 18 Slow HMA: 36 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.2. 4-Hour (4h): BTC: Fast HMA: 18 Slow HMA: 36 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.5 - 2. EUR/USD: Fast HMA: 21 Slow HMA: 42 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.2. 1-Day (1d): BTC: Fast HMA: 21 Slow HMA: 50 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.5 - 2. EUR/USD: Fast HMA: 28 Slow HMA: 56 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.2. 1-Week (1w): BTC: Fast HMA: 28 Slow HMA: 56 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.5 - 2. EUR/USD: Fast HMA: 42 Slow HMA: 84 RSI: 14 Stochastic RSI: 14, 3, 3 Volume: 1.2.
Pine Script® göstergesi
CNC2788 tarafından
MACD Multi-Timeframe x4 (Custom Params)■About this indicator ・This indicator can display 4 MACD lines for different time frames. (Multi-time framework) ・The color of the MACD line changes when the MACD has a golden or dead cross. All MACDs can be set individually for long time period, short time period, and signal smoothing. All MACDs can show/hide MACD lines, signal lines, histograms, and select colors. ■Explanation of effective usage By displaying MACDs in multiple time frames, you can time the push. For example, let's say you have three MACDs: one weekly, one daily, and one hour. With the weekly and daily MACDs continuing to golden cross, the timing for the hourly MACD to golden cross is considered a push opportunity. An example chart is attached below for your reference. The area circled vertically is a push-buying opportunity. Yellow-green: Weekly　Green: Daily　Light blue: Hourly ------------------------------------------------------------------------------------------------------------- ■このインジケーターについて ・このインジケーターは別の時間軸の4本のMACDを表示させることが出来ます。（マルチタイムフレームワーク） ・MACDがゴールデンクロス・デッドクロスした場合にMACDラインの色が変化します。 ・全てのMACDについて個別に長期の期間・短期の期間・シグナルの平滑化を設定できます。 ・全てのMACDはMACDライン・シグナルライン・ヒストグラムの表示/非表示、色の選択ができます。 ■有効な使い方の説明 マルチタイムフレームでMACDを表示することで、押し目のタイミングを計ることが出来ます。 例えば、3本のMACDを1週間・1日・1時間とします。 週足と日足のMACDがゴールデンクロスを継続した状態で、1時間足のMACDがゴールデンクロスしてくるタイミングは押し目買いのチャンスと考えられます。 以下に例題のチャートを付けますので、参考にしてください。 縦に囲った辺りが押し目買いのチャンスになります。 黄緑：週足　緑：日足　水色：1時間足
Pine Script® göstergesi
na-gi tarafından
Realized Volatility (Daily-locked) This script calculates and visualizes the 21-day realized volatility (RVOL) of the S&P 500 index (SPX), locked to daily timeframes. It measures the standard deviation of daily log returns over a 21-day window, annualizes it (assuming 252 trading days per year), and expresses it as a percentage. Additionally, it pulls the daily closing value of the VIX (CBOE Volatility Index) and calculates the spread between the VIX and the realized volatility (VIX - RVOL). The script plots both the annualized realized volatility and the VIX-RVOL spread, helping traders and analysts monitor discrepancies between implied volatility (VIX) and actual market volatility (RVOL). This can provide insights into market sentiment, potential overpricing or underpricing of options, and volatility risk.
Pine Script® göstergesi
khoa742 tarafından
GLB Breakout IndicatorWhat is a Green Line Breakout (GLB)? A GLB happens when a stock breaks above its previous all-time high that was standing for at least 3 months (or more). A Green Line is drawn at that previous high price. When the stock closes above that Green Line, it's called a breakout. For the breakout to be successful, the stock should stay above that green line (the breakout price) in the following days/weeks. How to Understand It in Your Charts: ADMA: The Green Line was at 23.64 (previous high). Now it has closed above it at 24.51. It must stay above 23.64 to confirm that it’s a successful breakout. TTWO: TTWO had a Green Line at around 214.91. It broke above it and is now (29 Apr 2025) at 225.55, holding well above the Green Line. This is a positive sign — buyers are supporting it after the breakout.
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drsankv tarafından
FVG# Fair Value Gap (FVG) Indicator ## Overview The Fair Value Gap (FVG) indicator is a technical analysis tool designed to identify potential areas of price imbalance in the market. These imbalances, known as "fair value gaps," represent discontinuities in price movement where supply and demand were significantly imbalanced, potentially creating zones that price may return to in the future. This indicator was developed by Michele Amori for TradingView and operates as an overlay on price charts. ## Core Concept Fair Value Gaps occur when price makes a significant move in one direction, leaving behind an area where no trading occurred. Specifically: - **Bullish FVG**: Forms when the low of the current candle is higher than the high of the candle two positions back, creating an upward gap in price movement. - **Bearish FVG**: Forms when the high of the current candle is lower than the low of the candle two positions back, creating a downward gap in price movement. These gaps represent potential "fair value" areas that price may revisit to establish equilibrium between buyers and sellers. ## Visual Representation The indicator displays FVGs in the following manner: 1. **Bullish FVGs**: - Represented by semi-transparent green boxes - Extend from the high of the candle two positions back to the low of the current candle - Include a dashed green center line representing the middle point of the gap 2. **Bearish FVGs**: - Represented by semi-transparent red boxes - Extend from the low of the candle two positions back to the high of the current candle - Include a dashed red center line representing the middle point of the gap All FVG boxes and their center lines are extended to the right of the chart, making them visible until they are filled or invalidated. ## Invalidation Logic The indicator automatically removes FVGs when they are considered filled or invalidated: - **Bullish FVGs**: Removed when the closing price falls below the bottom of the FVG box, indicating that the upward gap has been filled. - **Bearish FVGs**: Removed when the closing price rises above the top of the FVG box, indicating that the downward gap has been filled. This removal only occurs after a candle is confirmed (fully formed), ensuring that premature invalidation doesn't occur during candle formation. ## Technical Implementation The indicator uses arrays to store and manage the FVG boxes and their center lines. Key features of the implementation include: - Creation of new FVGs only after candle confirmation - Dynamic addition and removal of visual elements - Transparent coloring (75% transparency) for better chart visibility - Dashed center lines with less transparency (25%) to highlight the middle point of gaps
Pine Script® göstergesi
michele.amori tarafından
Multi-Timeframe Closures with Signals month week dayMulti-Timeframe Price Anchoring Indicator (Monthly, Weekly, Daily) This indicator provides a powerful visual framework for analyzing price action across three major timeframes: monthly, weekly, and daily. It plots the closing prices of each timeframe directly on the chart to help traders assess where current price stands in relation to significant historical levels. 🔍 Core Features: Monthly, Weekly, and Daily Close Lines: Automatically updated at the start of each new period. Color-coded Price Anchors: Each timeframe is visually distinct for fast interpretation. Multi-timeframe Awareness: Helps you identify trend alignment or divergence across different time horizons. Long & Short Bias Signals: The script can optionally display long or short suggestions based on where the current price stands relative to the anchored closing prices. 📈 How to Use: Trend Confirmation: If price is consistently above all three levels, it signals a strong bullish trend (potential long bias). If it’s below, the opposite applies (short bias). Reversal or Pullback Zones: When price becomes extended far above/below the monthly and weekly closes, it may suggest overbought/oversold conditions and the possibility of a reversal or retracement. Intraday Alignment: Useful for traders who want to enter positions on lower timeframes while being aware of higher timeframe trends. This indicator is ideal for swing traders, day traders, and position traders who want to anchor their decisions to meaningful multi-timeframe reference points.
Pine Script® göstergesi
CIlius82 tarafından