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™TradeChartist Levels Generator V4"™TradeChartist Levels Generator" is an easy to use script that can be used by traders of all levels from beginners to advanced professionals. What does the script do? Plots the support and resistance levels automatically based on user preference of Local levels of Lower or Higher Timeframe from indicator settings. Plots Fibonacci retracement levels between high and low based on 'Days' or 'Candles' lookback from indicator settings. The script proves to be very effective when used with another indicator for trend confirmation like the ribbon (not included in this script) shown on chart. What markets can this script be used on? Forex Stocks Commodities Cryptocurrencies and almost any asset on Trading View What is the difference between "Plot Levels" and "Plot Fibonacci Levels"? "Plot Levels" plots support and resistance levels automatically without any input from the user other than preferred levels 'plot' from the indicator settings namely Plot Local Levels for Higher TF - Plots all important Support/Resistance levels for mostly higher time frames (1hr or higher) - Short to Mid term outlook Plot Local Levels for Lower TF - Plots all important Support/Resistance levels for mostly smaller time frames (can be used for up to 1hr in most cases) - Recommended for Scalping/Swing Trading mostly dependent on volatility "Plot Fibonacci Levels" plots all standard Fibonacci retracement levels - 0, 23.6%, 38.2%, 50%, 61.8%, 78.6% and 100% based on "Days" Lookback - Fibonacci levels between High and Low based on number of days in the past, starting from the current day on any time frame chart "Candles" Lookback - Fibonacci levels between High and Low based on number of candles in the past, starting from the current candle on any time frame chart Can the Fibonacci levels be reversed? Yes. The Fibonacci levels can be reversed by checking the "Reverse" checkbox from the indicator settings. This is very handy if the trend looks like there may be a support or resistance from one of the Fib levels and a possibility of a new high or a new low based on the price action. What is the need for "Plot 1.272 Fibonacci Level" under "Plot Fibonacci Levels"? 1.272 is an important Fibonacci number as it is the square root of 1.618 and is the near support or resistance after 100% price retracement. Even though it keeps moving on the chart dependent on the new high or new low based on Days/Candles lookback, it serves as a 'nice to have' reference for any trader looking beyond 100% retracement for support/resistance . Why do the 'local levels' lines' color changes between green and red? The nearby levels lines change color based on price closing above or below them. This happens to only closest local levels for lower TF near price action and for top/bottom lines of the local levels for higher TF. The line turns green when it becomes support as price closes above it. The line turns red when it becomes resistance as price closes below it. This is a free to use indicator. Give a thumbs up or leave a comment if you like the script.
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TradeChartist tarafından
20
[VIP] Multi Timeframe Pivot Support Resistance (MTPSR)MTPSR provides 6 boards to watch pivots, supports, and resistances in cross timeframes. By default, timeframes are 15m, 30m, 1hr, 2hr, 4hr, and 1D with the current ticker, but they are changeable on indicator setting. The Pivot, Support, and Resistances have 2 algorithms; Fibonacci or Classic. Default is Classic, but you can change on indicator setting. MTPSR has 2 additional boards with BitMex Long and Short Liquidation algorithm, this logic can be used for any ticker especially if you want to have tight control with margin liquidation. MTPSR provides KDJ charts in cross timeframes with the last 3 candles for every board. The default does not appear, but you can enable it on indicator setting. If Greenline crossover Redline, that is a good position to the long or indicating uptrend. But if Greenline crossunder Redline, that is good position to the short or indicating downtrend. MTPSR has DI/ADX for every board, DI is a difference between DI+ and DI-, if the value is negative means downtrend, if the value is positive means uptrend. HOW TO USE Long Trading The Support will be a good position to entry The Resistance will be a good position to take profit If in lower time frames, the candle keeps cross over the resistances, that means uptrend rally is happening. Short Trading The Support will be a good position to take profit The Resistance will be a good position to entry If in lower time frames, the candle keeps cross over the resistances, that means uptrend rally is happening, it is not good for short Scalping Advice If you scalp in day trading, it is recommended to watch Pivot/Support/Resistance on Timeframes 1D, 4D, and 1W If the chart is sideways on the 1D pivot and the direction from support to pivot, that means the market wants to have a correction to closer support If the chart is sideways on the 1D pivot and the direction from resistance to pivot, that means the market wants to have retest to closer resistance before another drop or breakout to continue the rally Use can scalp on TF 15m or TF30m, the Pivot/Support/Resistance in lower timeframes can be so dynamic, so you have to pay more attention on trading strategy, you can use 2H and 4H Pivot/Support/Resistance as the target You can also use Liquidation Long/Short boards for scalping trading strategy to take profit or cut lost ALERTS Every pivot board has alert which condition: if candle cross over or under support, resistance or pivot even KDJ cross over or under Every liquidation board has alert which condition: if candle cross over or under every margin level Example alert title for every board when candle cross over: Over Support TF 1, Over Resistance TF 1, Over Pivot TF 1, KDJ Up TF1 Example alert title for every board when candle cross under: Under Support TF 1, Under Resistance TF 1, Under Pivot TF 1, KDJ Down TF1 Feedback Please drop a comment or send a direct message for any bugs or request new feature I dont sell source codes, please not DM me about it
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deSultanTM tarafından
9
bg_FibCastVersion 1.0 A simple script to place horizontal lines where fib levels are, over a given period of candles, on a specified or charted time-frame. Includes the option to fib-retrace a "sub-zone" or the space between Fibonacci levels. In The Depicted Example Above: - Large white Fibonacci Lines from 377 Daily Candle Range, Gray "Sub-Fib" levels are plotted in "Zone 4" of the 377 1D Fib. Re-trace. (Zone 4 is between the 0.5 and 0.618, Zone 3 is between 0.618 and 0.786, etc.) - Optional 1.618 Fib Extension is available for the main Fibonacci indicator, but is not shown here (Disabled/Hidden). - Supports multiple time-frames, which is also depicted above. (377 Daily Candles used on 12-Hour chart.)
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bgeraghty tarafından
1
Fibonacci BandsFibonacci Bands are derived from Fibonacci ratios expansion from a fixed moving average. These bands help traders find key areas of support and resistance . "Fibonacci bands" are computed by adding a Fibonacci ratio distance (Up and Down) from a "key moving" average (21, 34, 89 periods). An 8 period average of "True range" is computed. The multiples of Fibonacci ratios of this range are added to the fixed moving average to compute Fibonacci Bands One of the best ways to find trend reversals is to watch the price action near the extreme bands (both lower and higher). Markets tend to reverse when prices trade outside of the band for a few bars and again trade inside the bands. After reversals, markets also tend to trade from one extreme band to the other end (opposite) of the extreme bands.
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DarkSideTrader tarafından
Swing Trade Pros - Support/Resistance LevelsThe STP Support/Resistance Levels accurately detect the key levels by identifying large swings/pivots in historical price action automatically. It identifies price levels where historically the price reacted by either bouncing or reversing the direction. Prior price behavior at these levels can leave clues for future price behavior. These tops and bottoms in price action show where lots of buyers or sellers came into the market and might act as future levels of support or resistance. By default, the code detects the last 3 significant swing highs and the last 3 swing lows. When price action breaks above the resistance line the color changes to green because it's now support. Likewise, when the price action breaks below the support line the color changes to red because it's now resistance.
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Swing_Trade_Pros tarafından
5
Opening Range Breakout- ORB Large Price Targets During this period, you want to identify the high and low of the day. In addition, you will also want to account for the pre-market highs and lows, as these levels will often act like a magnet on price action after the bell rings. Since the opening bell is associated with big trading volumes and volatility , this time of the session provides many trading opportunities. In this manner, traders use the opening range to set entry points on the chart and to forecast the price action for the day. Add on to the ORB Script for Higher Price Targets 700% to 1061%
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DarkSideTrader tarafından
3
Opening Range Breakout- ORB Higher Price Targets The opening range is simply the high and low of a given period after the market opens. This period is generally the first 30 minutes or the first hour of trading. During this period, you want to identify the high and low of the day. In addition, you will also want to account for the pre-market highs and lows, as these levels will often act like a magnet on price action after the bell rings. Since the opening bell is associated with big trading volumes and volatility , this time of the session provides many trading opportunities. In this manner, traders use the opening range to set entry points on the chart and to forecast the price action for the day. Add on to the ORB Script for Higher Price Targets 300% to 661%
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DarkSideTrader tarafından
Pivot Points QuarterlyQuarterly only What is a Pivot Point? A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction. When the price of an asset is trading above the pivot point , it indicates the day is bullish or positive. When the price of an asset is trading below the pivot point , it indicates the day is bearish or negative. The indicator typically includes four additional levels: S1, S2, R1, and R2. These stand for support one and two, and resistance one and two. Support and resistance one and two may cause reversals, but they may also be used to confirm the trend. For example, if the price is falling and moves below S1, it helps confirm the downtrend and indicate a possible continuation to S2. This Script includes the Mid Pivot Points , Open and Close levels
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DarkSideTrader tarafından
9
Auto Fibonacci Retracement Levels A Fibonacci retracement is a popular tool that traders can use to identify support and resistance levels, and place stop-loss orders or target prices. The indicator connects any two points that are relevant, a high and low point. The percentage levels provided are areas where the price could stall or reverse. Levels should not be relied on exclusively. For example, it is dangerous to assume the price will reverse after hitting a specific Fibonacci level. It may, but it also may not. Fibonacci retracement levels are most frequently used to provide potential areas of interest. If a trader wants to buy, they watch for the price to stall at a Fibonacci level and then bounce off that level before buying. The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8% and 78.6%. These represent how much of a prior move the price has corrected or retraced.
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DarkSideTrader tarafından
12