Scanner Candles v2.01The "Scanner Candle v.2.01" is an indicator classifies candles based on the body/range ratio: indecisive (small body, ≤50%), decisive (medium body), explosive (large body, ≥70%). It includes EMAs to identify trends and "Reset Candles" (RC), small-bodied candles near EMAs, signaling potential reversals or continuations. Useful for analyzing volatility, breakouts, reversals, and risk management.
Description of the indicator:
The "Scanner Candle v.2.01" indicator classifies candles into three categories based on the proportion of the candle's body to its range (high-low):
Indecisive: candles with a small body (≤ set threshold, default 50%), indicating low volatility or market uncertainty.
Decisive: candles with a medium body, reflecting a clear but not extreme price movement.
Explosive: candles with a large body (≥ set threshold, default 70%), signaling strong directional moves.
Additionally, the indicator includes:
Customizable exponential moving averages (EMAs) to identify trends and support/resistance levels.
Detection of "Reset Candles" (RC), specific candles (e.g., dojis, ) with a small bodies body near EMAs, useful for identifying potential reversal or continuation points.
Coloring and visualization:
Candles are colored by category (white for indecisive, orange for decisive, purple for explosive).
Reset Candles are marked with circles above/below the candle (green for bullish, red for bearish).
Potential uses:
Volatility analysis: Identifying uncertain (indecisive), directional (decisive), or impulsive (explosive) market phases.
Breakout trading: Explosive candles can signal entry opportunities on strong moves.
Reversal detection: Reset Candles near EMAs can indicate turning points or trend continuation.
Trend-following support: Integrated EMAs contextualize candles within the main trend.
Risk management: Indecisive candles suggest avoiding trades in low-directionality phases.
The indicator is customizable (thresholds, colors, thresholdsEMAs, ) and adaptable to various timeframes and strategies, from day trading to swing trading.
Reset Candles:
Reset Candles (RC) are specific candles signaling potential reversals or continuations, often near EMAs. They are defined by:
Small body: Body < 5% of the range of the last 10 candles, indicating low volatility (e.g., doji).
EMA proximity: The candle is near or crosses a defined EMA (e.g., 10, 60, or 223 periods).
Trend conditions: Follows a red candle, with the close of the previous previous candles above a specific EMA, suggesting a potential bullish resumption or stabilization.
Limited spike: The candle has minimal tails (spikes, ) below a set threshold (default 1%).
Minimum timeframe: Appears on timeframes ≥ set value (default 5 minutes) or daily charts.
Non-consecutive: Not preceded by other RCs in the last 3 candles.
Types:
Doji_fin: Green circle above, signaling a bullish bullish setup near longer EMAs.
Dojifin_2: Yellow Red circle below, signaling a bearish setup near shorter EMAs.
Trading uses:
Reversal: RCs near EMAs signal bounces or rejections, ideal for counter-trend trades.
Continuation: In trends, RCs indicate pauses before trend resumption, offering low-risk entries.
Support/resistance confirmation: EMA proximity strengthens the level's significance.
Risk management: Small bodies and EMA proximity allow tight stop-losses.
Limitations:
False signals: Common in volatile or sideways markets; use with additional confirmation.
Timeframe dependency: More reliable on higher timeframes (e.g., 1-hour or daily).
Customization needed: Thresholds (e.g., spike, timeframe) must be tailored to the market.
Conclusion:
Reset Candles highlight low-volatility moments near technical levels (EMAs) that may precede significant moves. They are ideal for precise entries with tight stops in reversal or continuation strategies but require clear market context and additional confirmation for optimal effectiveness.
#ema #candlepattern #scalping
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Movement WatcherMovement Watcher – Intraday Price Change Alert
This indicator tracks the percentage price movement of a selected symbol (e.g., VIX) from a configurable start time. If the intraday movement crosses a defined threshold (up or down), it triggers a one-time alert per day.
Key Features:
Monitors intraday % change from the specified start time.
Triggers one-time alerts for upper or lower threshold crossings.
Optional end time for monitoring period.
Visual plots and alert markers.
Useful for automated trading via webhook integrations.
This script was designed to work with automated trading tools such as the Trading Automation Toolbox. You can use it to generate alerts based on intraday volatility and route them via webhook for automated strategies.
Support & ResistanceWhat is this script ?
Pivot points are tools used to identify potential support and resistance levels in trading. They are calculated using the previous period’s high, low, and close prices. This script leverages pivot points to plot up to four support levels and four resistance levels, helping traders visualize key price zones.
How to Use the Script?
Support and resistance levels represent price zones where significant liquidity often exists due to past price interactions. These levels are critical for traders to:
Assess Trend Continuation or Reversal: Prices may pause, reverse, or break through at these levels, signaling potential trend changes or continuations.
Manage Risk: Support and resistance levels are ideal for placing stop-loss orders or setting profit targets, as they indicate areas where price reactions are likely.
Plan Entries and Exits: Traders can buy near support levels, sell near resistance levels, or trade breakouts when prices move decisively beyond these zones.
Risk and Position Sizing📏 Why Position Size Should Be Based on Risk?
Let’s say you are ready to lose 1,000 in a trade. Based on your stop loss level, you can calculate how many shares (or quantity) to buy, so that if the stop hits, you only lose that ₹1,000.
This is called risk-based position sizing. It makes your trade size dynamic — small when SL is wide, bigger when SL is tight. No more random position sizes — just systematic.
Portfolio size is multiplied by the selected risk % to get money risk per trade.
This amount is then used to calculate how many shares can be bought for the given stop-loss.
So chose your portfolio size in settings. Default Portfolio size is 1,00,000 .
You can select your risk % per portfolio in the settings — for example:
0.25% for conservative style
0.5% to 1% for balanced traders
1.25% or 1.5% for aggressive ones (not recommended for beginners)
This script will automatically calculate how much quantity you should buy, for each stop-loss scenario.
📈 Progressive & Inverse-Progressive Risk Styles
Some traders follow progressive position sizing — they start with small risk when the trend is just starting, and increase the risk % as the trend confirms.
Others follow inverse-progressive sizing — they take high risk at early stages of a bull market, and reduce risk as the trend matures (when upside becomes limited).
📌 This script allows you to manually control the risk % in settings, so you can adjust it based on your trading phase and style.
📋 Three SL Scenarios – Choose What Matches Your Style
The table shows three different stop-loss conditions, and for each one it calculates:
Today’s Low – tightest stop loss
Yesterday’s Low – slightly safer, ideal for short-term swing trades
EMA Stop (configurable) – gives more breathing room.
You can visually compare all 3 in the table and choose whichever fits your strategy and comfort.
Also, you can customize:
Theme: dark or light
Font size
Table position (upper/lower corners)
🧠 Designed for traders who take risk management seriously.
Let this script handle the math. You focus on execution.
Happy Trading!
– LensOfChartist
LilSpecCodes1. Killzone Background Highlighting:
It highlights 4 key market sessions:
Killzone Time (EST) Color
Silver Bullet 9:30 AM – 12:00 PM Light Blue
London Killzone 2:00 AM – 5:00 AM Light Green
NY PM Killzone 1:30 PM – 4:00 PM Light Purple
Asia Open 7:00 PM – 11:00 PM Light Red
These are meant to help you focus during high-probability trading times.
__________________________________________________
2. Previous Day High/Low (PDH/PDL):
Plots green line = PDH
Plots red line = PDL
Tracks the current day’s session high/low and sets it as PDH/PDL on a new trading day
CHANGES WITH ETH/RTH
3. Inside Bar Marker:
Plots a small black triangle under bars where the high is lower than the previous bar’s high and the low is higher than the previous bar’s low (inside bars)
Useful for spotting potential breakout or continuation setups
4. Vertical Time Markers (White Dashed Lines)
Time (EST) Label
4:00 AM End of London Silver Bullet
9:30 AM NYSE Open
10:00 AM Start of NY Silver Bullet
11:00 AM End of NY Silver Bullet
11:30 AM (Customizable Input)
3:00 PM PM Killzone Ends
3:15 PM Futures Market Close
7:15 PM Asia Session Watch
LotSize Calculator - psyploThis indicator provides a convenient on-chart lot size calculator designed to assist traders with precise position sizing based on account balance, risk tolerance, and trade parameters.
Key Features:
Custom Account Sizing: Define your account size and risk percentage per trade.
Flexible Risk Units: Choose between percentage or fixed currency risk models.
Support for Multiple Currencies: Select from a wide range of currencies including USD, EUR, GBP, INR, and even crypto options like USDT.
Dual Sizing Methods: Configure position size using either quantity or lot-based models, with optional rounding.
Visual Trade Levels: Displays configurable entry, stop loss (SL), and take profit (TP) lines on the chart.
Style Customization: Customize the color, line style, and visibility of each level for better chart readability.
Ideal Use Case:
Designed for manual traders seeking real-time clarity and consistency in risk management without needing to calculate lot size externally.
Disclaimer:
This tool is for informational purposes only. Always practice responsible risk management and perform due diligence before trading.
SIP Evaluator and Screener [Trendoscope®]The SIP Evaluator and Screener is a Pine Script indicator designed for TradingView to calculate and visualize Systematic Investment Plan (SIP) returns across multiple investment instruments. It is tailored for use in TradingView's screener, enabling users to evaluate SIP performance for various assets efficiently.
🎲 How SIP Works
A Systematic Investment Plan (SIP) is an investment strategy where a fixed amount is invested at regular intervals (e.g., monthly or weekly) into a financial instrument, such as stocks, mutual funds, or ETFs. The goal is to build wealth over time by leveraging the power of compounding and mitigating the impact of market volatility through disciplined, consistent investing. Here’s a breakdown of how SIPs function:
Regular Investments : In an SIP, an investor commits to investing a fixed sum at predefined intervals, regardless of market conditions. This consistency helps inculcate a habit of saving and investing.
Cost Averaging : By investing a fixed amount regularly, investors purchase more units when prices are low and fewer units when prices are high. This approach, known as dollar-cost averaging, reduces the average cost per unit over time and mitigates the risk of investing a large amount at a peak price.
Compounding Benefits : Returns generated from the invested amount (e.g., capital gains or dividends) are reinvested, leading to exponential growth over the long term. The longer the investment horizon, the greater the potential for compounding to amplify returns.
Dividend Reinvestment : In some SIPs, dividends received from the underlying asset can be reinvested to purchase additional units, further enhancing returns. Taxes on dividends, if applicable, may reduce the reinvested amount.
Flexibility and Accessibility : SIPs allow investors to start with small amounts, making them accessible to a wide range of individuals. They also offer flexibility in terms of investment frequency and the ability to adjust or pause contributions.
In the context of the SIP Evaluator and Screener , the script simulates an SIP by calculating the number of units purchased with each fixed investment, factoring in commissions, dividends, taxes and the chosen price reference (e.g., open, close, or average prices). It tracks the cumulative investment, equity value, and dividends over time, providing a clear picture of how an SIP would perform for a given instrument. This helps users understand the impact of regular investing and make informed decisions when comparing different assets in TradingView’s screener. It offers insights into key metrics such as total invested amount, dividends received, equity value, and the number of installments, making it a valuable resource for investors and traders interested in understanding long-term investment outcomes.
🎲 Key Features
Customizable Investment Parameters: Users can define the recurring investment amount, price reference (e.g., open, close, HL2, HLC3, OHLC4), and whether fractional quantities are allowed.
Commission Handling: Supports both fixed and percentage-based commission types, adjusting calculations accordingly.
Dividend Reinvestment: Optionally reinvests dividends after a user-specified period, with the ability to apply tax on dividends.
Time-Bound Analysis: Allows users to set a start year for the analysis, enabling historical performance evaluation.
Flexible Dividend Periods: Dividends can be evaluated based on bars, days, weeks, or months.
Visual Outputs: Plots key metrics like total invested amount, dividends, equity value, and remainder, with customizable display options for clarity in the data window and chart.
🎲 Using the script as an indicator on Tradingview Supercharts
In order to use the indicator on charts, do the following.
Load the instrument of your choice - Preferably a stable stocks, ETFs.
Chose monthly timeframe as lower timeframes are insignificant in this type of investment strategy
Load the indicator SIP Evaluator and Screener and set the input parameters as per your preference.
Indicator plots, investment value, dividends and equity on the chart.
🎲 Visualizations
Installments : Displays the number of SIP installments (gray line, visible in the data window).
Invested Amount : Shows the cumulative amount invested, excluding reinvested dividends (blue area plot).
Dividends : Tracks total dividends received (green area plot).
Equity : Represents the current market value of the investment based on the closing price (purple area plot).
Remainder : Indicates any uninvested cash after each installment (gray line, visible in the data window).
🎲 Deep dive into the settings
The SIP Evaluator and Screener offers a range of customizable settings to tailor the Systematic Investment Plan (SIP) simulation to your preferences. Below is an explanation of each setting, its purpose, and how it impacts the analysis:
🎯 Duration
Start Year (Default: 2020) : Specifies the year from which the SIP calculations begin. When Start Year is enabled via the timebound option, the script only considers data from the specified year onward. This is useful for analyzing historical SIP performance over a defined period. If disabled, the script uses all available data.
Timebound (Default: False) : A toggle to enable or disable the Start Year restriction. When set to False, the SIP calculation starts from the earliest available data for the instrument.
🎯 Investment
Recurring Investment (Default: 1000.0) : The fixed amount invested in each SIP installment (e.g., $1000 per period). This represents the regular contribution to the SIP and directly influences the total invested amount and quantity purchased.
Allow Fractional Qty (Default: True) : When enabled, the script allows the purchase of fractional units (e.g., 2.35 shares). If disabled, only whole units are purchased (e.g., 2 shares), with any remaining funds carried forward as Remainder. This setting impacts the precision of investment allocation.
Price Reference (Default: OPEN): Determines the price used for purchasing units in each SIP installment. Options include:
OPEN : Uses the opening price of the bar.
CLOSE : Uses the closing price of the bar.
HL2 : Uses the average of the high and low prices.
HLC3 : Uses the average of the high, low, and close prices.
OHLC4 : Uses the average of the open, high, low, and close prices. This setting affects the cost basis of each purchase and, consequently, the total quantity and equity value.
🎯 Commission
Commission (Default: 3) : The commission charged per SIP installment, expressed as either a fixed amount (e.g., $3) or a percentage (e.g., 3% of the investment). This reduces the amount available for purchasing units.
Commission Type (Default: Fixed) : Specifies how the commission is calculated:
Fixed ($) : A flat fee is deducted per installment (e.g., $3).
Percentage (%) : A percentage of the investment amount is deducted as commission (e.g., 3% of $1000 = $30). This setting affects the net amount invested and the overall cost of the SIP.
🎯 Dividends
Apply Tax On Dividends (Default: False) : When enabled, a tax is applied to dividends before they are reinvested or recorded. The tax rate is set via the Dividend Tax setting.
Dividend Tax (Default: 47) : The percentage of tax deducted from dividends if Apply Tax On Dividends is enabled (e.g., 47% tax reduces a $100 dividend to $53). This reduces the amount available for reinvestment or accumulation.
Reinvest Dividends After (Default: True, 2) : When enabled, dividends received are reinvested to purchase additional units after a specified period (e.g., 2 units of time, defined by Dividends Availability). If disabled, dividends are tracked but not reinvested. Reinvestment increases the total quantity and equity over time.
Dividends Availability (Default: Bars) : Defines the time unit for evaluating when dividends are available for reinvestment. Options include:
Bars : Based on the number of chart bars.
Weeks : Based on weeks.
Months : Based on months (approximated as 30.5 days). This setting determines the timing of dividend reinvestment relative to the Reinvest Dividends After period.
🎯 How Settings Interact
These settings work together to simulate a realistic SIP. For example, a $1000 recurring investment with a 3% commission and fractional quantities enabled will calculate the number of units purchased at the chosen price reference after deducting the commission. If dividends are reinvested after 2 months with a 47% tax, the script fetches dividend data, applies the tax, and adds the net dividend to the investment amount for that period. The Start Year and Timebound settings ensure the analysis aligns with the desired timeframe, while the Dividends Availability setting fine-tunes dividend reinvestment timing.
By adjusting these settings, users can model different SIP scenarios, compare performance across instruments in TradingView’s screener, and gain insights into how commissions, dividends, and price references impact long-term returns.
🎲 Using the script with Pine Screener
The main purpose of developing this script is to use it with Tradingview Pine Screener so that multiple ETFs/Funds can be compared.
In order to use this as a screener, the following things needs to be done.
Add SIP Evaluator and Screener to your favourites (Required for it to be added in pine screener)
Create a watch list containing required instruments to compare
Open pine screener from Tradingview main menu Products -> Screeners -> Pine or simply load the URL - www.tradingview.com
Select the watchlist created from Watchlist dropdown.
Chose the SIP Evaluator and Screener from the "Choose Indicator" dropdown
Set timeframe to 1 month and update settings as required.
Press scan to display collected data on the screener.
🎲 Use Case
This indicator is ideal for educational purposes, allowing users to experiment with SIP strategies across different instruments. It can be applied in TradingView’s screener to compare SIP performance for stocks, ETFs, or other assets, helping users understand how factors like commissions, dividends, and price references impact returns over time.
CAGR + Log Slope ColorThis custom TradingView indicator combines two important analytical concepts to help traders identify strong trends with visual clarity:
CAGR (Compound Annual Growth Rate):
Measures the geometric average annual return of the asset over a specified period. It smooths out short-term fluctuations and provides a long-term growth perspective.
Logarithmic Slope Coloring:
The slope of the log-scaled price is calculated and visualized with color gradients. Steeper upward slopes indicate stronger momentum and are highlighted with more intense colors. Downward slopes are shown in contrasting colors for easier identification of bearish trends.
MTF Pivot Zones
## 📘 **User Guide: MTF Pivot Zones**
**Script Name:** MTF Pivot Zones
Multi Time Frame Pivot
---
### 🧭 Overview
**MTF Pivot Zones** is a multi-timeframe analysis tool that detects and merges swing highs and lows across four key timeframes:
**Weekly, Daily, 4H, and 1H**.
It plots clear **Support** and **Resistance** zones on the chart based on pivot point clustering. Zones are displayed as dashed lines, color-coded by type.
---
### ⚙️ Settings
| Input Name | Description |
| ---------------------- | --------------------------------------------------------------------- |
| `Lookback Bars Per TF` | Number of bars to scan for pivot highs/lows per timeframe |
| `Pivot Left Bars` | Number of bars to the left required to confirm a pivot |
| `Pivot Right Bars` | Number of bars to the right required to confirm a pivot |
| `Merge Tolerance ($)` | Distance threshold in dollars to merge nearby pivot levels into zones |
| `Show TF Labels` | Toggle the text label next to each zone (e.g., “Res Zone”) |
---
### 🛠️ How It Works
1. **Pivot Detection**
The script scans each timeframe using `ta.pivothigh()` and `ta.pivotlow()`.
2. **Zone Merging**
Pivot levels within the specified `Merge Tolerance` are averaged and treated as a single zone.
3. **Zone Plotting**
* **Red dashed lines** = Resistance Zones
* **Green dashed lines** = Support Zones
* Optional labels show zone type if `Show TF Labels` is enabled
---
### 📈 Usage Tips
* Use zones to guide entries, exits, and stop-loss placement.
* Combine with trend tools or candlestick confirmation near zones.
* Adjust merge tolerance to match instrument volatility and timeframe.
---
Let me know if you want this formatted for **TradingView publishing**, or included in a `study()` title block comment.
Volume Zones IndicatorVolume Zones Indicator — VWAP with Dynamic Monthly Volume Zones
This indicator is an enhanced version of the classic VWAP (Volume Weighted Average Price), designed to create clear monthly zones around VWAP based on average price range (ATR) and volume activity.
The core idea is to highlight key zones where price is more likely to reverse or consolidate, based on where significant trading volume occurs.
How does it work?
VWAP is calculated over the last N days (set by the lookbackPeriod input).
Four zones are plotted above and below VWAP, spaced using a multiple of ATR.
Each zone has its own color for clarity:
Blue — closest to VWAP
Red — second band
Green — third band
Orange — outer band (potential breakout or exhaustion zone)
If the current volume exceeds the moving average of volume, it is highlighted directly on the chart. This helps detect accumulation or distribution moments more easily.
What does the trader see?
You see horizontal colored bands on the chart that update at the start of each new month. These zones:
Remain fixed throughout the month
Automatically adjust based on recent volume and volatility
Act as dynamic support/resistance levels
Best used for:
Mean reversion strategies — identifying pullbacks toward value areas
Support and resistance mapping — automatic SR zones based on price/volume behavior
Breakout filtering — when price reaches zone 3 or 4, trend continuation or reversal is likely
Adding volume context to price action — works well with candlestick and pattern analysis
Settings
Lookback Period (Days): VWAP and volume smoothing length
Volume Area Threshold %: Reserved for future functionality
Works on any timeframe; best suited for 4H timeframe.
Zones are calculated and fixed monthly for clean visual context
Combines price structure with actual volume flow for more reliable decision-making
Share SizePurpose: The "Share Size" indicator is a powerful risk management tool designed to help traders quickly determine appropriate share/contract sizes based on their predefined risk per trade and the current market's volatility (measured by ATR). It calculates potential dollar differences from recent highs/lows and translates them into a recommended share/contract size, accounting for a user-defined ATR-based offset. This helps you maintain consistent risk exposure across different instruments and market conditions.
How It Works: At its core, the indicator aims to answer the question: "How many shares/contracts can I trade to keep my dollar risk within limits if my stop loss is placed at a recent high or low, plus an ATR-based buffer?"
Price Difference Calculation: It first calculates the dollar difference between the current close price and the high and low of the current bar (Now) and the previous 5 bars (1 to 5).
Tick Size & Value Conversion: These price differences are then converted into dollar values using the instrument's specific tickSize and tickValue. You can select common futures contracts (MNQ, MES, MGC, MCL), a generic "Stock" setting, or define custom values.
ATR Offset: An Average True Range (ATR) based offset is added to these dollar differences. This offset acts as a buffer, simulating a stop loss placed beyond the immediate high/low, accounting for market noise or volatility.
Risk-Based Share Size: Finally, using your Default Risk ($) input, the indicator calculates how many shares/contracts you can take for each of the 6 high/low scenarios (current bar, 5 previous bars) to ensure your dollar risk per trade remains constant.
Dynamic Table: All these calculations are presented in a clear, real-time table at the bottom-left of your chart. The table dynamically adjusts its "Label" to show the selected symbol preset, making it easy to see which instrument's settings are currently being used. The "Shares" rows indicate the maximum shares/contracts you can trade for a given risk and stop placement. The cells corresponding to the largest dollar difference (and thus smallest share size) for both high and low scenarios are highlighted, drawing your attention to the most conservative entry points.
Key Benefits:
Consistent Risk: Helps maintain a consistent dollar risk per trade, regardless of the instrument or its current price/volatility.
Dynamic Sizing: Automatically adjusts share/contract size based on market volatility and your chosen stop placement.
Quick Reference: Provides a real-time, easy-to-read table directly on your chart, eliminating manual calculations.
Informed Decision Making: Assists in quickly assessing trade opportunities and potential position sizes.
Setup Parameters (Inputs)
When you add the "Share Size" indicator to your chart, you'll see a settings dialog with the following parameters:
1. Symbol Preset:
Purpose: This is the primary setting to define the tick size and value for your chosen trading instrument.
Options:
MNQ (Micro Nasdaq 100 Futures)
MES (Micro E-mini S&P 500 Futures)
MGC (Micro Gold Futures)
MCL (Micro Crude Oil Futures)
Stock (Generic stock setting, with tick size/value of 0.01)
Custom (Allows you to manually input tick size and value)
Default: MNQ
Importance: Crucial for accurate dollar calculations. Ensure this matches the instrument you are trading.
2. Tick Size (Manual Override):
Purpose: Only used if Symbol Preset is set to Custom. This defines the smallest price increment for your instrument.
Type: Float
Default: 0.25
Hidden: This input is hidden (display=display.none) unless "Custom" is selected. You might need to change display=display.none to display=display.inline in the code if you want to see and adjust it directly in the settings for "Custom" mode.
3. Tick Value (Manual Override):
Purpose: Only used if Symbol Preset is set to Custom. This defines the dollar value of one tickSize increment.
Type: Float
Default: 0.50
Hidden: This input is hidden (display=display.none) unless "Custom" is selected. Similar to Tick Size, you might need to adjust its display property if you want it visible.
4. Default Risk ($):
Purpose: This is your maximum desired dollar risk per trade. All share size calculations will be based on this value.
Type: Float
Default: 50.0
Hidden: This input is hidden (display=display.none). It's a critical setting, so consider making it visible by changing display=display.none to display=display.inline in the code if you want users to easily adjust their risk.
ATR Offset Settings (Group): This group of settings allows you to fine-tune the ATR-based buffer added to your potential stop loss.
5. ATR Offset Length:
Purpose: Defines the lookback period for the Average True Range (ATR) calculation used for the offset.
Type: Integer
Default: 7
Hidden: This input is hidden (display=display.none).
6. ATR Offset Timeframe:
Purpose: Specifies the timeframe on which the ATR for the offset will be calculated. This allows you to use ATR from a higher timeframe for your stop buffer, even if your chart is on a lower timeframe.
Type: Timeframe string (e.g., "1" for 1 minute, "60" for 1 hour, "D" for Daily)
Default: "1" (1 Minute)
Hidden: This input is hidden (display=display.none).
7. ATR Offset Multiplier (x ATR):
Purpose: Multiplies the calculated ATR value to determine the final dollar offset added to your high/low price difference. A value of 1.0 means one full ATR is added. A value of 0.5 means half an ATR is added.
Type: Float
Minimum Value: 0 (no offset)
Default: 1.0
Hidden: This input is hidden (display=display.none).
Week Window AlgorithmWeek Window Algorithm
The Week Window Algorithm is an advanced intraday trading overlay built for precision session tracking and key level visualization.
🔹 Features:
1. Time Lines
Automatically plots vertical lines 30 minutes ahead of specific London times (07, 08, 09, 13, 14, 15UK), with adjustable height in pips and custom color.
2. Session Boxes
Draws price range boxes for:
Asia (22:00–06:00 UK)
Europe AM (08:00–09:00 UK)
Europe PM (14:00–15:00 UK)
Each box auto-updates during the session and fades after 3 days. Fill color is fully customizable via settings.
3. Yesterday’s High/Low Levels
Captures and plots yesterday’s high and low at 23:00 UK. Lines extend through today and highlight first-time hits.
🛠️ Customization:
Enable/disable sessions individually
Set pip size for early lines
Choose colors for each session box and line style
🕒 Recommended Timeframes:
Optimized for 1–15 minute charts. Works best on intraday setups.
Breakout Confirmation🔍 Indicator Name: Breakout Confirmation (Body + Volume)
📌 Purpose:
This indicator is designed to detect high-probability breakout setups based on price structure and volume strength. It identifies moments when the market breaks through a key support or resistance level, confirmed by two consecutive strong candles with large real bodies and high volume.
⚙️ How It Works
1. Support and Resistance Detection
The indicator uses pivot points to identify potential horizontal support and resistance levels.
A pivot high or pivot low is considered valid if it stands out over a configurable number of candles (default: 50).
Only the most recent valid support and resistance levels are tracked and displayed as horizontal lines on the chart.
2. Breakout Setup
The breakout condition is defined as:
First Candle (Breakout Candle):
Large body (compared to the recent body average)
High volume (compared to the recent volume average)
Must close beyond a resistance or support level:
Close above resistance (bullish breakout)
Close below support (bearish breakout)
Second Candle (Confirmation Candle):
Also must have a large body and high volume
Must continue in the direction of the breakout (i.e., higher close in bullish breakouts, lower close in bearish ones)
3. Signal Plotting
If both candles meet the criteria, the indicator plots:
A green triangle below the candle for bullish breakouts
A red triangle above the candle for bearish breakouts
📈 How to Interpret the Signals
✅ Green triangle below a candle:
Indicates a confirmed bullish breakout.
The price has closed above a recent resistance level with strength.
The trend may continue higher — possible entry for long positions.
🔻 Red triangle above a candle:
Indicates a confirmed bearish breakout.
The price has closed below a recent support level with strength.
Potential signal to enter short or exit long positions.
⚠️ The plotted horizontal lines show the last key support and resistance levels. These are the zones being monitored for breakouts.
📊 How to Use It
Timeframe: Works best on higher timeframes (1H, 4H, Daily), but can be tested on any chart.
Entry: Consider entries after the second candle confirms the breakout.
Stop Loss:
For longs: Below the breakout candle or the broken resistance
For shorts: Above the breakout candle or broken support
Take Profit:
Based on previous structure, risk:reward ratios, or using trailing stops.
Filter with Trend or Other Indicators (optional):
You can combine this with moving averages, RSI, or market structure for confluence.
🛠️ Customization Parameters
lengthSR: How many candles to look back for identifying support/resistance pivots.
volLength: Length of the moving average for volume and body size comparison.
bodyMultiplier: Multiplier threshold to define a “large” body.
volMultiplier: Multiplier threshold to define “high” volume.
✅ Ideal For:
Price action traders
Breakout traders
Traders who use volume analysis
Anyone looking to automate the detection of breakout + confirmation setups
Adaptive Cycle Oscillator with EMADescription of the Adaptive Cycle Oscillator with EMA Pine Script
This Pine Script, titled "Adaptive Cycle Oscillator with EMA", is a custom technical indicator designed for TradingView to help traders analyze market cycles and identify potential buy or sell opportunities. It combines an Adaptive Cycle Oscillator (ACO) with multiple Exponential Moving Averages (EMAs), displayed as colorful, wavy lines, and includes features like buy/sell signals and divergence detection. Below is a beginner-friendly explanation of how the script works, adhering to TradingView's Script Publishing Rules.
What This Indicator Does
The Adaptive Cycle Oscillator with EMA helps you:
Visualize market cycles using an oscillator that adapts to price movements.
Track trends with seven EMAs of different lengths, plotted as a rainbow of wavy lines.
Identify potential buy or sell signals when the oscillator crosses predefined thresholds.
Spot divergences between the oscillator and price to anticipate reversals.
Use customizable settings to adjust the indicator to your trading style.
Note: This is a technical analysis tool and does not guarantee profits. Always combine it with other analysis methods and practice risk management.
Step-by-Step Explanation for New Users
1. Understanding the Indicator
Adaptive Cycle Oscillator (ACO): The ACO analyzes price data (based on high, low, and close prices, or HLC3) to detect market cycles. It smooths price movements to create an oscillator that swings between overbought and oversold levels.
EMAs: Seven EMAs of different lengths are applied to the ACO and scaled based on the market's dominant cycle. These EMAs are plotted as colorful, wavy lines to show trend direction.
Buy/Sell Signals: The script generates signals when the ACO crosses above or below user-defined thresholds, indicating potential entry or exit points.
Divergence Detection: The script identifies bullish or bearish divergences between the ACO and the fastest EMA, which may signal potential reversals.
Visual Style: The indicator uses a rainbow of seven colors (red, orange, yellow, green, blue, indigo, violet) for the EMAs, with wavy lines for a unique visual effect. Static levels (zero, overbought, oversold) are also wavy for consistency.
2. How to Add the Indicator to Your Chart
Open TradingView and load the chart of any asset (e.g., stock, forex, crypto).
Click on the Indicators button at the top of the chart.
Search for "Adaptive Cycle Oscillator with EMA" (or paste the script into TradingView’s Pine Editor if you have access to it).
Click to add the indicator to your chart. It will appear in a separate panel below the price chart.
3. Customizing the Indicator
The script offers several input options to tailor it to your needs:
Base Cycle Length (Default: 20): Sets the initial period for calculating the dominant cycle. Higher values make the indicator slower; lower values make it more sensitive.
Alpha Smoothing (Default: 0.07): Controls how much the ACO smooths price data. Smaller values produce smoother results.
Show Buy/Sell Signals (Default: True): Toggle to display green triangles (buy) and red triangles (sell) on the chart.
Threshold (Default: 0.0): Defines overbought (above threshold) and oversold (below threshold) levels. Adjust to widen or narrow signal zones.
EMA Base Length (Default: 10): Sets the starting length for the fastest EMA. Other EMAs are incrementally longer (12, 14, 16, etc.).
Divergence Lookback (Default: 14): Determines how far back the script looks to detect divergences.
To adjust these:
Right-click the indicator on your chart and select Settings.
Modify the inputs in the pop-up window.
Click OK to apply changes.
4. Reading the Indicator
Oscillator and EMAs: The ACO and seven EMAs are plotted in a separate panel. The EMAs (colored lines) move in a wavy pattern:
Red (fastest) to Violet (slowest) represent different response speeds.
When the faster EMAs (e.g., red, orange) are above slower ones (e.g., blue, violet), it suggests bullish momentum, and vice versa.
Zero Line: A gray wavy line at zero acts as a neutral level. The ACO above zero indicates bullish conditions; below zero indicates bearish conditions.
Overbought/Oversold Lines: Red (overbought) and green (oversold) wavy lines mark threshold levels. Extreme ACO values near these lines may suggest reversals.
Buy/Sell Signals:
Green Triangle (Bottom): Appears when the ACO crosses above the oversold threshold, suggesting a potential buy.
Red Triangle (Top): Appears when the ACO crosses below the overbought threshold, suggesting a potential sell.
Divergences:
Green Triangle (Bottom): Indicates a bullish divergence (price makes a lower low, but the EMA makes a higher low), hinting at a potential upward reversal.
Red Triangle (Top): Indicates a bearish divergence (price makes a higher high, but the EMA makes a lower high), hinting at a potential downward reversal.
5. Using Alerts
You can set alerts for key events:
Right-click the indicator and select Add Alert.
Choose a condition (e.g., "ACO Buy Signal", "Bullish Divergence").
Configure the alert settings (e.g., notify via email, app, or pop-up).
Click Create to activate the alert.
Available alert conditions:
ACO Buy Signal: When the ACO crosses above the oversold threshold.
ACO Sell Signal: When the ACO crosses below the overbought threshold.
Bullish Divergence: When a potential upward reversal is detected.
Bearish Divergence: When a potential downward reversal is detected.
6. Tips for Using the Indicator
Combine with Other Tools: Use the indicator alongside support/resistance levels, candlestick patterns, or other indicators (e.g., RSI, MACD) for confirmation.
Test on Different Timeframes: The indicator works on any timeframe (e.g., 1-minute, daily). Shorter timeframes may produce more signals but with more noise.
Practice Risk Management: Never rely solely on this indicator. Set stop-losses and position sizes to manage risk.
Backtest First: Use TradingView’s Strategy Tester (if you convert the script to a strategy) to evaluate performance on historical data.
Compliance with TradingView’s Script Publishing Rules
This description adheres to TradingView’s Script Publishing Rules (as outlined in the provided link):
No Performance Claims: The description avoids promising profits or specific results, emphasizing that the indicator is a tool for analysis.
Clear Instructions: It provides step-by-step guidance for adding, customizing, and using the indicator.
Risk Disclaimer: It notes that trading involves risks and the indicator should be used with other analysis methods.
No Misleading Terms: Terms like “buy” and “sell” are used to describe signals, not guaranteed actions.
Transparency: The description explains the indicator’s components (ACO, EMAs, signals, divergences) without exaggerating its capabilities.
No External Links: The description avoids linking to external resources or soliciting users.
Educational Tone: It focuses on educating users about the indicator’s functionality.
Limitations
Not a Standalone System: The indicator is not a complete trading strategy. It provides insights but requires additional analysis.
Lagging Nature: As with most oscillators and EMAs, signals may lag behind price movements, especially in fast markets.
False Signals: Signals and divergences may not always lead to successful trades, particularly in choppy markets.
Market Dependency: Performance varies across assets and market conditions (e.g., trending vs. ranging markets).
Session Candles NY #ffsjr"The candle bodies tell the story, wicks do the damage" by ICT
Based on ICT words, I created the sessions indicator, to facilitate the visualization of each session in candle format, with the most important points being the confluence of session openings and closings.
Usually I use to create support and resistances lines using candle sessions bodies and to draw sessions liquidities.
Use on 15 minutes chart and hide default TradingView candles.
Enjoy
FVG fill with immediate rebalance [LuciTech]The "FVG fill with immediate rebalance AKA Golden Arrow" indicator is designed to identify Fair Value Gaps (FVGs) and detect immediate rebalances to highlight potential trading opportunities. It uses colored boxes to mark FVGs and triangular markers to signal bullish or bearish setups, helping traders pinpoint key price levels where imbalances occur and price reactions are likely.
Key Features
FVG Detection: Spots bullish and bearish Fair Value Gaps based on price action, with customizable width settings.
Golden Arrow Signals: Displays triangular markers when price fills an FVG and immediately rebalances, indicating potential reversal or continuation zones.
Customizable Colors: Bullish FVGs appear in green and bearish FVGs in red by default, with options to tweak colors in the settings.
Time Filter: Allows signals to be restricted to a specific time window, highlighted by a background fill for clarity.
Alert System: Supports TradingView alerts for "Bullish Golden Arrow" and "Bearish Golden Arrow" signals to keep traders updated on setups.
How It Works
FVG Calculation: Analyzes gaps between candles to identify FVGs, with user-defined minimum width options (points, percentages, or ATR-based).
Signal Generation: Triggers a Golden Arrow signal when price fills the FVG and rebalances immediately, based on wick penetration and closing conditions.
Visual Aids:
Bullish FVGs are shown as green boxes, bearish FVGs as red boxes.
Upward triangles mark bullish signals, downward triangles mark bearish signals.
Time-Based Filtering: Optionally limits signals to specific hours, with a background fill showing the active period.
QQQ NQ NDX SPY SPX ES Price Convert Overlay
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QQQ NQ NDX SPY SPX ES Price Convert Overlay Indicator
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This 'Prices Overlay' indicator is a minimalist tool for traders who want to track and compare Nasdaq and S&P 500 instruments quickly and clearly, boosting efficiency and decision-making with minimal distraction.
How to Use It
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Add the indicator onto your TradingView chart.
Adjust your Right Margin in TradingView Settings > Canvas to show as much or as little of the line as you want, based on the "Price Buffer" indicator setting.
Select which instruments to overlay (e.g., QQQ, SPX).
Adjust levels, buffer, font, transparency, and update interval.
Features and Functions
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1. Automatic Ticker Detection:
The indicator identifies the ticker of your current chart (e.g., NQ, ES, SPY).
It then shows price levels for related instruments, eg:
On an NQ or MNQ chart, it can display QQQ or NDX levels.
On an ES or MES chart, it can display SPY or SPX levels.
...and vice versa
2. Adjustable Number of Levels
You can choose how many price levels to show, from 10 to 100.
This lets you decide how much detail you want based on your trading needs.
3. Visual Customization
Price Buffer: Move the lines and labels horizontally closer/further price action.
Font Size: Pick from "Tiny," "Small," or "Normal" for label text size.
Line Transparency: Adjust the opacity of the lines (0% = solid, 100% = invisible) to blend them with your chart.
4. Support for Micro Futures
Works with both regular futures (NQ, ES) and micro futures (MNQ, MES), perfect for traders using smaller contract sizes.
5. Update Frequency
Set how often the price levels refresh, from every 5 seconds to every 60 seconds.
This keeps the data current without slowing down your chart.
6. Accurate Price Conversion
Uses specific multipliers for each instrument (e.g., 100.0 for NDX and SPX, 1.0 for QQQ and SPY) to calculate and display price levels correctly.
Fetches real-time prices and converts them to match your chart’s scale.
Price conversions courtesy of PtGambler.
Benefits
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Easier Analysis: See how prices from different instruments line up on one chart—no need for multiple screens or math.
Customizable: Turn on/off instruments and tweak visuals to fit your trading style.
Time-Saving: Automates price conversions, letting you focus on trading decisions.
Thanks!
____________________
Thank you for your interest in my work. This is something I use every day for my trading and wanted to share it with the public. If you have any comments, bugs, or suggestions, please leave them here, or you can find me on Twitter or Discord.
@ ContrarianIRL
Open-source developer for over 25 years
Deviation Rate From Dynamic MAThis indicator does the following; starting from the first bar (including the first bar) it calculates the average of the closings of the following bars, until the closing of a bar reaches the average. If the price has returned to the average, the starting bar for the average calculation is reset, that is, it starts calculating the average again from the bar where the return to the average (intersection) occurred.
If the deviation is greater than the entered percentage value (3% by default), it shows the deviation rate for each bar on the chart with a label. The color of the label text is shown as darker as the deviation rate increases, and more transparent as it decreases. You can change these settings according to your own preferences from the codes. You can create alarm conditions such as "If the deviation rate from the average is greater than x" to enter the transaction.
Wavelet-Trend ML Integration [Alpha Extract]Alpha-Extract Volatility Quality Indicator
The Alpha-Extract Volatility Quality (AVQ) Indicator provides traders with deep insights into market volatility by measuring the directional strength of price movements. This sophisticated momentum-based tool helps identify overbought and oversold conditions, offering actionable buy and sell signals based on volatility trends and standard deviation bands.
🔶 CALCULATION
The indicator processes volatility quality data through a series of analytical steps:
Bar Range Calculation: Measures true range (TR) to capture price volatility.
Directional Weighting: Applies directional bias (positive for bullish candles, negative for bearish) to the true range.
VQI Computation: Uses an exponential moving average (EMA) of weighted volatility to derive the Volatility Quality Index (VQI).
Smoothing: Applies an additional EMA to smooth the VQI for clearer signals.
Normalization: Optionally normalizes VQI to a -100/+100 scale based on historical highs and lows.
Standard Deviation Bands: Calculates three upper and lower bands using standard deviation multipliers for volatility thresholds.
Signal Generation: Produces overbought/oversold signals when VQI reaches extreme levels (±200 in normalized mode).
Formula:
Bar Range = True Range (TR)
Weighted Volatility = Bar Range × (Close > Open ? 1 : Close < Open ? -1 : 0)
VQI Raw = EMA(Weighted Volatility, VQI Length)
VQI Smoothed = EMA(VQI Raw, Smoothing Length)
VQI Normalized = ((VQI Smoothed - Lowest VQI) / (Highest VQI - Lowest VQI) - 0.5) × 200
Upper Band N = VQI Smoothed + (StdDev(VQI Smoothed, VQI Length) × Multiplier N)
Lower Band N = VQI Smoothed - (StdDev(VQI Smoothed, VQI Length) × Multiplier N)
🔶 DETAILS
Visual Features:
VQI Plot: Displays VQI as a line or histogram (lime for positive, red for negative).
Standard Deviation Bands: Plots three upper and lower bands (teal for upper, grayscale for lower) to indicate volatility thresholds.
Reference Levels: Horizontal lines at 0 (neutral), +100, and -100 (in normalized mode) for context.
Zone Highlighting: Overbought (⋎ above bars) and oversold (⋏ below bars) signals for extreme VQI levels (±200 in normalized mode).
Candle Coloring: Optional candle overlay colored by VQI direction (lime for positive, red for negative).
Interpretation:
VQI ≥ 200 (Normalized): Overbought condition, strong sell signal.
VQI 100–200: High volatility, potential selling opportunity.
VQI 0–100: Neutral bullish momentum.
VQI 0 to -100: Neutral bearish momentum.
VQI -100 to -200: High volatility, strong bearish momentum.
VQI ≤ -200 (Normalized): Oversold condition, strong buy signal.
🔶 EXAMPLES
Overbought Signal Detection: When VQI exceeds 200 (normalized), the indicator flags potential market tops with a red ⋎ symbol.
Example: During strong uptrends, VQI reaching 200 has historically preceded corrections, allowing traders to secure profits.
Oversold Signal Detection: When VQI falls below -200 (normalized), a lime ⋏ symbol highlights potential buying opportunities.
Example: In bearish markets, VQI dropping below -200 has marked reversal points for profitable long entries.
Volatility Trend Tracking: The VQI plot and bands help traders visualize shifts in market momentum.
Example: A rising VQI crossing above zero with widening bands indicates strengthening bullish momentum, guiding traders to hold or enter long positions.
Dynamic Support/Resistance: Standard deviation bands act as dynamic volatility thresholds during price movements.
Example: Price reversals often occur near the third standard deviation bands, providing reliable entry/exit points during volatile periods.
🔶 SETTINGS
Customization Options:
VQI Length: Adjust the EMA period for VQI calculation (default: 14, range: 1–50).
Smoothing Length: Set the EMA period for smoothing (default: 5, range: 1–50).
Standard Deviation Multipliers: Customize multipliers for bands (defaults: 1.0, 2.0, 3.0).
Normalization: Toggle normalization to -100/+100 scale and adjust lookback period (default: 200, min: 50).
Display Style: Switch between line or histogram plot for VQI.
Candle Overlay: Enable/disable VQI-colored candles (lime for positive, red for negative).
The Alpha-Extract Volatility Quality Indicator empowers traders with a robust tool to navigate market volatility. By combining directional price range analysis with smoothed volatility metrics, it identifies overbought and oversold conditions, offering clear buy and sell signals. The customizable standard deviation bands and optional normalization provide precise context for market conditions, enabling traders to make informed decisions across various market cycles.
Prev Week POC Buy/Sell Signals
Hi, I’m Edward. I created a straightforward strategy for swing traders (4hr or 8hr timeframe users). This strategy is for traders that are not interested to look at charts all day long, 2 times a day max, but still be profitable.
The indicator:
Print a buy signal when the price closes above the previous week's Point of Control (POC).
Stay in the trade until the price closes below the previous week's POC, then print a sell signal.
The indicator calculates the weekly POC using a basic volume profile method, then tracks the previous week's POC for signals.
Previous week POC is valid from Monday to Thursday. By close of business on Thursday, the current week trend and POC should be well established and should be used make buy or sell decisions. Enjoy!
GCM Heikin Ashi with PivotsTitle: GCM Heikin Ashi with Pivots
Description:
Overview
This indicator provides a powerful combination of trend visualization, precise reversal signals, and volume confirmation in a clean, customizable sub-chart. It is designed to help traders identify trend momentum using Heikin Ashi candles, pinpoint confirmed swing highs and lows (pivots), and spot surges in buying pressure with our unique Volume Rate-of-Change (VROC) highlighter.
The key feature of this script is its non-repainting pivot signals. A pivot high or low is only confirmed and plotted after a specific number of subsequent bars have closed, ensuring the signals are reliable and do not change after they appear.
Key Features
Heikin Ashi Sub-Chart: Displays smoothed Heikin Ashi candles in a separate pane to clearly visualize trend strength and direction without cluttering the main price chart.
Non-Repainting Pivot Signals: Uses ta.pivothigh and ta.pivotlow to identify confirmed swing points. The signals will not repaint or move once they are printed on the chart.
Smart Volume Spike Analysis (VROC): A Heikin Ashi candle will be highlighted in a distinct bright green (#2dff00) when the volume increases significantly on a bullish price candle. This "volume-confirmed" candle can signal strong conviction behind a move.
Complete Label Customization: Take full control over the look and feel of your signals:
Label Mode: Choose between "High & Low" (H/L) or "Buy & Sell" (B/S) to match your trading terminology.
Custom Colors: Set unique colors for both the high and low pivot labels.
Label Style: Select from various shapes like boxes, circles, diamonds, or squares.
Label Size: Adjust the size of the labels from Tiny to Huge for perfect visibility.
Adjustable Pivot Sensitivity: Fine-tune the pivot detection algorithm by setting the number of bars required to the left (strength) and right (confirmation) of a pivot point.
How to Use & Interpret the Signals
Assess the Trend with Heikin Ashi:
A series of green HA candles with little to no lower wicks indicates strong bullish momentum.
A series of red HA candles with little to no upper wicks indicates strong bearish momentum.
Look for Volume Confirmation:
A bright green highlighted candle signals a surge in buying pressure (VROC spike). This adds significant weight to bullish moves and can act as a leading indicator for a new leg up.
Identify Entry/Exit Points with Pivot Labels:
An "L" or "B" label marks a confirmed swing low. This is a potential buying opportunity, especially if it is followed by green Heikin Ashi candles and, ideally, a bright green VROC spike candle.
An "H" or "S" label marks a confirmed swing high. This is a potential selling/shorting opportunity, especially as HA candles turn red.
Example Strategy (High-Confluence)
A powerful way to use this indicator is to look for a sequence of events:
Wait for a "Buy" (B) or "Low" (L) signal to appear, confirming a bottom has likely formed.
Wait for the first bright green VROC spike candle to appear after the signal. This confirms that buyers are stepping in with conviction.
Consider an entry based on this high-confluence setup, using the swing low as a potential stop-loss area.
Settings Explained
Pivot Detection:
Left Bars (Strength): Number of bars to the left of a pivot. A higher number finds more significant pivots.
Right Bars (Confirmation): Number of bars to the right required to confirm a pivot. This creates a lag for reliability.
Volume Spike Detection (VROC):
Enable Volume Spike Highlighting: Turn the bright green candle highlight on or off.
VROC Length: The lookback period for calculating the volume's rate of change.
VROC Threshold %: The percentage volume must increase to trigger a highlight.
Label Customization:
Label Text Mode: Choose between "High & Low" or "Buy & Sell".
Label Color, Style, and Size: Full cosmetic control for the pivot labels.
Final Note
This indicator is a tool to aid in technical analysis and should not be used as a standalone trading system. Always use it in conjunction with other analysis methods, proper risk management, and a sound trading plan.
Enjoy!
Multi-Session MarkerMulti-Session Marker is a flexible visual tool for traders who want to highlight up to 10 custom trading sessions directly on their chart’s background.
Custom Sessions: Enter up to 10 time ranges (in HHMM-HHMM format) to mark any market session, news window, or personal focus period.
Visual Clarity: For each session, toggle the highlight on or off and select a unique background color and opacity, making it easy to distinguish active trading windows at a glance.
Universal Time Handling: Session times automatically follow your chart’s time zone—no manual adjustment required.
Efficient and Fast: Utilizes TradingView’s bgcolor() for smooth performance, even on fast timeframes like 1-second charts.
Clean Interface: All session controls are grouped for easy editing in the indicator’s settings panel.
How to use:
In the indicator settings, enter your desired session times (e.g., 0930-1130) for each session you want to highlight.
Toggle “Show Session” and pick a color for each session.
The background will automatically highlight those periods on your chart.
This indicator is ideal for day traders, futures traders, or anyone who wants to visually segment their trading day for better focus and analysis.
Frahm FactorIntended Usage of the Frahm Factor Indicator
The Frahm Factor is designed to give you a rapid, at-a-glance assessment of how volatile the market is right now—and how large the average candle has been—over the most recent 24-hour window. Here’s how to put it to work:
Gauge Volatility Regimes
Volatility Score (1–10)
A low score (1–3, green) signals calm seas—tight ranges, low risk of big moves.
A mid score (4–6, yellow) warns you that volatility is picking up.
A high score (7–10, red) tells you to prepare for disorderly swings or breakout opportunities.
How to trade off it
In low-volatility periods, you might favor mean-reversion or range-bound strategies.
As the score climbs into the red zone, consider widening stops, scaling back position size, or switching to breakout momentum plays.
Monitor Average Candle Size
Avg Candle (ticks) cell shows you the mean true-range of each bar over that 24h window in ticks.
When candles are small, you know the market is consolidating and liquidity may be thin.
When candles are large, momentum and volume are driving strong directional bias.
The optional dynamic color ramp (green→yellow→red) immediately flags when average bar size is unusually small or large versus its own 24h history.
Customize & Stay Flexible
Timeframes: Works on any intraday chart—from 1-minute scalping to 4-hour swing setups—because it always looks back exactly 24 hours.
Toggles:
Show or hide the Volatility and Avg-Candle cells to keep your screen uncluttered.
Turn on the dynamic color ramp only when you want that extra visual cue.
Alerts: Built-in alerts fire automatically at meaningful thresholds (Volatility ≥ 8 or ≤ 3), so you’ll never miss regime shifts, even if you step away.
Real-World Applications
Risk Management: Automatically adjust your stop-loss distances or position sizing based on the current volatility band.
Strategy Selection: Flip between range-trading and momentum strategies as the volatility regime changes.
Session Analysis: Pinpoint when during the day volatility typically ramps—perfect for doorway sessions like London opening or the US midday news spikes.
Bottom line: the Frahm Factor gives you one compact dashboard to see the pulse of the market—so you can make choices with conviction, dial your risk in real time, and never be caught off guard by sudden volatility shifts.
Logic Behind the Frahm Factor Indicator
24-Hour Rolling Window
On every intraday bar, we append that bar’s True Range (TR) and timestamp to two arrays.
We then prune any entries older than 24 hours, so the arrays always reflect exactly the last day of data.
Volatility Score (1–10)
We count how many of those 24 h TR values are less than or equal to the current bar’s TR.
Dividing by the total array size gives a percentile (0–1), which we scale and round into a 1–10 score.
Average Candle Size (ticks)
We sum all TR values in the same 24 h window, divide by array length to get the mean TR, then convert that price range into ticks.
Optionally, a green→yellow→red ramp highlights when average bar size is unusually small, medium or large versus its own 24 h history.
Color & Alerts
The Volatility cell flips green (1–3), yellow (4–6) or red (7–10) so you see regime shifts at a glance.
Built-in alertcondition calls fire when the score crosses your high (≥ 8) or low (≤ 3) thresholds.
Modularity
Everything—table location, which cells to show, dynamic coloring—is controlled by simple toggles, so you can strip it back or layer on extra visual cues as needed.
That’s the full recipe: a true 24 h look-back, a percentile-ranked volatility gauge, and a mean-bar-size meter, all wrapped into one compact dashboard.
