TradesAI - Elite (Premium)This is an all-inclusive, premium indicator that focuses mainly on price action analysis, a form of looking at raw price data and market structure to analyze and capture areas of interest where price could react.
This indicator is a perfect trading companion that saves you a lot of time in trading price action. Some of the popular methods that use price action analysis are "Smart Money Concepts (SMC)", "Inner Circle Trader (ICT)", and "Institutional Trading".
🔶 POWERFUL TOOLS
The indicator combines three main tools as a trading suite:
Trendlines
Market Structure Breakouts (MSB)
Order Blocks (OBs) and Reversal Order Blocks (ROBs)
These 3 main tools are interconnected together. Below we go over each, and then explain how and why they are brought in together. Please also note that the indicator's settings have tooltips next to most of them, with more detailed information.
🔶 TRENDLINES
This indicator automatically draws the most relevant Trendlines from pivot high/pivot low (based on the defined settings) as origins, while keeping track of candle closes across these Trendlines to adjust or invalidate accordingly.
The indicator will draw all possible Trendlines up to the maximum allowed by TradingView's PineScript. It uses a bullish pivot high candle to draw downtrends, and a bearish pivot low candle to draw uptrends. The algorithm will draw the most suitable active Trendlines from those origin points.
The indicator takes the origin point as the first point of the Trendline, then starts looking for the immediate next same-type candle (bullish to bullish or bearish to bearish), to draw the Trendline between the origin candle and this newer candle.
An uptrend is a ray connecting two bearish candles, as long as the second candle has a Low higher than the low of the origin (first) candle. A downtrend is a ray connecting two bullish candles, as long as the second candle has a high lower than the high of the origin (first) candle.
Upon drawing, the indicator then starts monitoring and adjusting this Trendline, by keeping the origin always the same but changing the second point. The goal is to keep reducing the slope of the Trendline till it is at 0 degrees (horizontal line). That then makes the Trendline "final". Note that you have the option to keep all Trendlines or just show the final, in the settings.
So, the algorithm has three states for the Trendlines:
Initial: not tested, meaning price hasn't yet broken through it and closed a candle beyond it, to cause a re-adjustment of this Trendline.
Broken: a candle hard closed (opened and closed) across it but still, the direction of the trend is maintained with a new Trendline from the same origin – could be replaced (or kept on the chart as a "backside", which is what we call a broken Trendline to be tested from the opposite side) with a new Trendline from the same origin, to the newest candle that caused the break to happen, as then it becomes the new second point of that Trendline.
Final: a candle hard closed (opened and closed) across it and can't draw a new Trendline from the same origin maintaining the direction of the trend (so an uptrend becomes a downtrend or a downtrend becomes an uptrend at this point, which is not allowed). This marks the end of the Trendline adjustment for that origin.
To summarize the Trendlines algorithm, imagine starting from a candle and drawing the Trendline, then keep re-adjusting it to make its slope less and less, till it becomes a horizontal line. That's the final state.
Here is a step-by-step scenario to demonstrate the algorithm:
Notice how first an Uptrend (green ray) is drawn between point A origin pivot (picked by our smart algorithm) and point B, both marked by green arrows:
Uptrend then turned into backside (where it flips from diagonal support to resistance where liquidity potentially resides):
Then a new uptrend is drawn from the same point A origin pivot to a new point B matching the filters in settings.
Finally, it turns also into a backside and is considered final because no more uptrends could be drawn from the same point A origin point.
Unlike traditional Trendline tools, this indicator takes into account numerous rules for each candlestick to determine valid support and resistance levels, which act as liquidity zones.
Unlike conventional Trendline tools, this indicator allows the user to define the pivot point left and right length to capture the proper ones as origins, then automatically recognizes and extends lines from them as liquidity zones where a reaction is expected. Moreover, the indicator monitors those Trendlines in real-time to switch them from buying to selling zones, and vice-versa, as the price structure changes.
Features
Log vs. Linear scale switch to show different Trendlines accordingly. When updating the Trendlines, or deciding whether Touches/Hard Closes are met, it makes a difference.
Ability to show all forms of Trendlines, final Trendlines or just backside Trendlines.
Why is it used?
For experienced traders, it offers the advantage of time efficiency, while new traders can bypass the steep learning curve of drawing Trendlines manually, which could practically be drawn between any two candlesticks on the chart (many variations).
🔶 MARKET STRUCTURE BREAKOUT (MSB)
The Market Structure Breakouts (MSB) tool is a trading tool that detects specific patterns on trading charts and provides ‘take profit’ regions based on the extended direction of the identified pattern. A breakout is a potential trading opportunity that presents itself when an asset's price moves away from a zone of accumulation (i.e. above a resistance level or below a support level) on increasing volume. The most famous form of market structure breakout is double/triple tops/bottoms, or what is referred to as W or M breakouts.
See this example below of how our MSB smart algorithm picked the local bottom of INDEX:BTCUSD
Here is a step-by-step scenario to demonstrate the algorithm:
First, the algorithm picks the pivot points according to our Machine Learning (ML) model, which uses Average True Range (ATR) and Moving Averages of various types to decide. It will then signal a Market Structure Breakout (MSB):
You may either short (sell) this MSB towards the targets (dotted green lines) and/or buy (long) at the targets (dotted green lines). Usually, these targets provide scalp moves, according to our model, but they may also act as strong reversal points on the chart.
Unlike standard indicators, the MSB tool identifies patterns that may not appear in every time frame due to specific conditions that need to be met, including Average True Range (ATR) and Moving Averages at the time of creation. Once these patterns are identified, the tool gives ‘take profit’ regions in the direction of the trading pattern and even allows for trading in the opposite direction (contrarian/counter-trend scalps) once those regions are reached. A confirmed breakout has the potential to drive the price to these specific targets, calculated based on our Machine Learning (ML) model. The Targets are the measured moves placed from the breakout point.
Features
Log vs. Linear scale switch to show different MSBs accordingly based on the ratios.
Detects trading patterns with specific conditions.
Ability to specify how sensitive the pivot points are for capturing market structure breakouts.
Provides take profit regions in the extended direction of the pattern.
Allows for versatile trading styles by permitting trades in the opposite direction (contrarian or counter-trend) once the take profit region is reached.
Highlights 2 levels of interest for potential trade initiation (or as targets of the MSB move).
🔶 ORDER BLOCK (OB) and REVERSAL ORDER BLOCK (ROB)
Before diving deeper into OBs and ROBs, you may consider the following chart for a general understanding of price ladders, and how they break. This is a bearish price ladder leaving Lower Lows and Lower Highs after an initial Low and High (L->H->LL->LH). Bullish ladders are the opposite (H->L->HH->HL).
In this bearish ladder case, notice the numbers representing the highs made (being lower). While this is a clean structure, markets don't always create such clean ladders, but you may switch to a higher timeframe to see it in a clearer form (usually, you will be able to spot it there).
In SMC or ICT concepts, the "Break Of Structure (BOS)" is pretty much creating a new lower low (LL) for the bearish ladder (and the creation of a higher high (HH) for the bullish ladder). By doing so, markets are grabbing liquidity below these levels and could either continue the ladder or stop/flip it. This gives you the context of how the ladder prints.
Price usually ends the ladder with a "Change of Character (CHoCH)", which represents a BOS (to grab liquidity) followed by an aggressive move in the opposite direction, which could lead the market to close the gaps and balance out. It is considered a good practice to then target liquidity in the opposite direction when a CHoCH happens, meaning for a bearish ladder you may target the pivots marked by 3, 2 and 1 at the top (start of the ladder).
Now we move to Order Blocks (OBs) and Reversal Order Blocks (ROBs). Think of them as sniper zones or micro ladders inside the bigger ladder/structure.
Order Blocks are usually used as zones of support and resistance on a trading chart where liquidity is present, or what some traders call "potential institutional interest zones". Order Blocks can be observed at the beginning of these strong moves of BOS or the CHoCH, leaving behind a zone (one or more candles) to be revisited later to balance the market. Therefore, these are interesting levels to place Limit/Market orders (sell the peaks or buy the valleys) instead of doing so at the swing highs or swing lows of the ladder (where BOS or CHoCH happened). The idea here is that the price could go deep into the ladder's step (peak or valley), and by doing so, it usually goes to these zones.
A bullish Order Block (Valley-OB) is the last bearish candle of a downtrend before a sequence of bullish candles (thus forming a "Valley"). A bearish Order Block (Peak-OB) is the last bullish candle of an uptrend before a sequence of bearish candles (thus forming a "Peak"). Our indicator captures the full range zones of the OB meaning not only the last candle but the sequence of same-type candles immediately next to it, which creates a zone, thus the name "OB/ROB Zone". Not only does the tool mark those levels on the chart, but it also has a smart tracking algorithm to remove the appropriate levels dynamically. It will monitor, candle by candle, what is happening to all the OBs/ROBs, and update them according to how they are being tested/visited (eg. weak testing being a touch, and strong testing being a touch of the same colour candle).
Bullish Valley-OB:
Bearish Peak-OB:
The indicator follows our concept of "Zone Activation" to determine whether to mark zones with dashed or solid lines.
If we take a bearish Peak-OB as an example, notice how it first gets drawn with a dashed red line (as the algorithm monitors how far the price moved away from the zone):
As price moves away (distance based on our Machin Learning (ML) model), it turns into solid lines:
Some people prefer to enter market orders or limit (pending) orders close to the zone, while others wait for it to hit. You may wait for these zones to turn into solid lines (meaning that the price made a decent move away from it before revisiting it). It depends on your trading strategy.
When Order Block (OB) zones break instead of holding the ladder, they turn into what we call Reversal Order Blocks (ROB); our algorithm of flipping these zones where price could react from the other side of the OB. Our algorithm monitor and highlight the most suitable ones to trade, based on +30 conditions and variables by our Machine Learning (ML) models. Examples of ROBs in the SMC or ICT trading community are a "Breaker Block", a "Mitigation Block" or a "Unicorn Setup". However, our algorithm filters the zones based on many factors such as ratios of price movement before, inside and after these zones, along with many other factors.
The algorithm monitors the ratios of how price moved into and away from the OB/ROB, as well as the type of move happening, to then filter the ones that are considered of high probability to break/not do a reaction.
A bullish Valley-OB (green) turns into a bearish Valley-ROB (neon red) where you may short (sell), while a bearish Peak-OB (red) turns into a bullish Peak-ROB (neon green) where you may long (buy).
Example of a bullish Valley-OB that turned into a bearish Valley-ROB:
Features
Log vs. Linear scale switch to show OBs/ROBs accordingly based on the ratios and the price action around these zones (before and after creation).
Uses our Machine Learning (ML) model to determine relevant Order Blocks (OBs) to show or hide based on price action.
Considers distribution and accumulation candles to find relevant Order Blocks.
Various types of triggers to mark those Order Blocks and their zones: breakout, close, hard close (open and close) or full close (low, high, open and close).
Monitors the 1:1 expansion of price from key areas of interest, which would change the importance of the zones through our concept of “Zone Activation”.
Allows for customization in the settings to display different types of Order Blocks (e.g., tested or untested).
Marking and invalidating levels based on many variables, including single or multiple candle zones, touching/closing beyond specific levels, weak/strong testing criteria, price tolerance % (near a level), and many more.
Provides color-coded visual representation for easier interpretation.
Why is it used?
Order Blocks (OB) and Reversal Order Blocks (ROB) represent the building blocks of price ladders, in conjunction with Swing Highs and Swing Lows. By identifying where liquidity is potentially present, they become common targets for big market players. Additionally, they provide clear invalidation points based on various types of candle closes, such as hard closes or simply a candle close.
One strategy that could be used is to open positions at these OB or ROB Levels as long as the chart maintains the trend (ladder), for a potentially higher win rate (or against it for a quick scalp). Be mindful of the breaking of a ladder or the building of a new one. A ladder breaks with a hard close (open and close) of a candle across the closest two levels; a ladder builds by not breaking back down across the levels it has tested. By definition, strong ladders will have a few untested levels and come back to wick them but still retain the structure of the laddering direction (trending with Lower Lows + Lower Highs or Higher Lows + Higher Highs).
🔶 COMBINING ALL TOOLS
In summary, Trendlines could be great tools to give you a general context of whether the price is laddering up or down. Once you spot the ladder, your goal is to either trade in its direction (not to go against the trend) or to counter-trend trade (contrarian). To do so, you could use the MSB tool to spot these BOS/CHoCH. And to give you more precise entries, you may rely on the OB/ROB zones which usually mesh over the ladder, to provide a sniper entry!
🔶 RISK DISCLAIMER
Trading is risky, and most day traders lose money. The risk of loss in trading can be substantial. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our product and should not be construed as financial advice. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.
"TRENDLINES" için komut dosyalarını ara
Tight Entry Trend Engine Strategy═══════════════════════════════════════
TIGHT ENTRY TREND ENGINE
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A breakout-based trend-following system designed to capture explosive
moves by entering at precise resistance/support breakouts with minimal
entry risk and massive profit potential.
⚠️ LOW WIN RATE, HIGH REWARD SYSTEM ⚠️
This is NOT a high win-rate strategy. Expect 25-35% winners, but
when it hits, winners are typically 10X+ larger than losers.
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🎯 WHAT THIS SYSTEM DOES
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The Tight Entry Trend Engine identifies powerful breakout opportunities
by detecting when price breaks through established trendlines with
confirmation from higher timeframe trends:
1. DYNAMIC TRENDLINE DETECTION (3 BANKS)
• Automatically draws support and resistance trendlines
• 3 separate "banks" capture short-term, medium-term, and long-term levels
• Each bank has configurable parameters (required pivot touch count,
angle limits, lengths)
2. BREAKOUT ENTRY TIMING
• Enters LONG when price breaks ABOVE resistance trendlines
• Enters SHORT when price breaks BELOW support trendlines
• Entry Alert occurs at the exact moment of breakout = "tight entry"
• Stop-loss placed just below/above the broken trendline (configurable)
3. HIGHER TIMEFRAME TREND FILTER
• Uses Hull Moving Average (HMA) on higher timeframe for trend following
• Auto-adjusts HTF based on your chart timeframe
• Optional filters prevent entries against major trend
• Optional "overextension" filter avoids buying parabolic moves
4. VOLATILITY-ADAPTIVE RISK MANAGEMENT
• Stop-loss calculated using Average True Range (ATR)
• Tighter stops = better R:R
• Profit targets adjust dynamically with volatility
• Breakeven stop moves automatically when in profit
• Extended profit targets when far from HTF trend
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📊 HOW IT WORKS (METHODOLOGY)
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STEP 1: TRENDLINE FORMATION
The system continuously scans for pivot highs and pivot lows to
construct trendlines. You control:
BANK 1 (Short-Term):
- Pivot Length: How many bars to look back for swing points
- Min Touches: How many pivots needed to form a line (default: 3)
- Max Length: How far back lines can reach (default: 180 bars)
- Angle Limits: Maximum steepness allowed for valid trendlines
- Tolerance: How close pivots must align to form horizontal lines
BANK 2 (Medium-Term):
- Slightly longer pivot periods for more significant levels
- Captures medium-term trend structure
- Default Max Length: 200 bars
BANK 3 (Long-Term):
- Focuses on major support/resistance zones
- Often uses horizontal levels (angled lines disabled by default)
- Default Max Length: 300 bars
The system draws RESISTANCE lines (red) above price and SUPPORT
lines (green) below price. These adapt in real-time as new pivots form.
STEP 2: BREAKOUT DETECTION
LONG SIGNALS:
- Price closes above a resistance trendline
- Higher timeframe trend is up (optional filter)
- Price not overextended from HTF trend (optional filter)
- No position currently open
SHORT SIGNALS:
- Price closes below a support trendline
- Higher timeframe trend is down (optional filter)
- Price not overextended from HTF trend (optional filter)
- No position currently open
The "tight" aspect: Because you're entering right at the trendline
break, your stop-loss can be placed very close (just below the
broken resistance for longs), creating exceptional risk/reward ratios.
STEP 3: POSITION SIZING
Choose between:
- Fixed $ Risk Per Trade: Risk same dollar amount every trade
- % Risk Per Trade: Risk percentage of current equity
Position size automatically calculated based on:
- Your risk amount
- Distance to stop-loss (ATR-based)
- Works with stocks, futures, crypto (auto-adjusts for contract multipliers)
STEP 4: EXIT MANAGEMENT
Multiple exit methods working together:
- PROFIT TARGET: Exits when profit reaches 100x your risk
- EXTENDED PROFIT: Earlier exit (80R) when very far from HTF trend
- STOP LOSS: Fixed ATR-based stop below entry
- HTF TREND EXIT: Exits when price crosses below HTF trend with profit
- BREAKEVEN PULLBACK: Exits if profit drops below 0.6R after reaching breakeven
- PARTIAL PROFITS: Optional - take partial profits at specified R-multiple
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🔧 KEY COMPONENTS EXPLAINED
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HULL MOVING AVERAGE (HMA)
A smoothed moving average that reduces lag compared to traditional
MAs. The system uses HMA on a higher timeframe to determine the
dominant trend direction. You can choose:
- Auto HTF: System picks appropriate HTF based on your chart timeframe
- Manual HTF: You specify the higher timeframe
AVERAGE TRUE RANGE (ATR)
Measures current market volatility. Used for:
- Stop-loss distance (tighter when volatility low)
- Profit targets (larger when volatility high)
- Position sizing (smaller positions in volatile conditions)
- Breakeven trigger distance
TRENDLINE ANGLE FILTERING
Each trendline bank has angle limits to ensure quality:
- Resistance lines: Max downward/upward slope allowed
- Support lines: Max downward/upward slope allowed
- Angles automatically adjust based on current volatility
- Prevents overly steep/unreliable trendlines
SENSITIVITY CONTROL
One master slider adjusts multiple parameters:
- Trendline detection sensitivity
- HTF MA length
- Exit timing
- Auto-adjusts for daily+ timeframes (60% increase)
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⚙️ WHAT YOU SEE ON YOUR CHART
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TRENDLINES:
✓ Red resistance lines above price
✓ Green support lines below price
✓ Orange broken lines (past breakouts)
✓ Lines extend to show current levels
HTF TREND:
✓ Thick colored line showing higher timeframe trend
✓ Color gradient: Red (bearish) → Orange → Yellow → Green (bullish)
✓ 250-bar smoothed curve for visual clarity
ENTRY/EXIT SIGNALS:
✓ Small green dot below bar = Long entry
✓ Small red dot above bar = Short entry
✓ Small red dot above = Long exit
✓ Small black dot below = Short exit
OPTIONAL DETAILED LABELS:
✓ Bank number that triggered entry (Bank 1, 2, or 3)
✓ Exit reason (Profit Target, Stop Loss, HTF Exit, etc.)
✓ Partial profit notifications
POSITION TRACKING:
✓ Yellow dashed line at entry price (extends right)
✓ Green/red fill showing current profit/loss zone
✓ Lime arrows at top = Currently in long position
✓ Red arrows at bottom = Currently in short position
✓ Gray background = No position (flat)
STATS TABLE (Top Right):
✓ Current position (LONG/SHORT/FLAT)
✓ Risk per trade ($ or %)
✓ Entry price
✓ Unrealized P/L in dollars
✓ P/L in R-multiples (how many R's profit/loss)
✓ Average winner/loser R ($ mode) OR CAGR (% mode)
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📈 OPTIMAL USAGE
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BEST ASSETS:
- NASDAQ:QQQ on 1-hour (reg) chart ⭐ (PRIMARY OPTIMIZATION)
- Strong trending stocks: NVDA, AAPL, TSLA, MSFT, GOOGL, AMZN
- High volatility tech stocks
- Crypto: BTC, ETH
- Any liquid asset with clear trends and momentum (GOLD)
AVOID:
- Low volatility stocks
- Ranging/choppy markets
- Penny stocks or illiquid assets
- Assets without clear directional movement
BEST TIMEFRAMES:
- PRIMARY: 1-hour charts (optimal for QQQ)
- ALSO EXCELLENT: 2H, 4H, 8H
- WORKS: 15min, 30min (only momentum leaders, more noise)
- WORKS WITH ADJUSTMENTS: 1D, 2D (decrease trendline pivot lengths)
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📊 BACKTEST RESULTS (QQQ 1H (Reg hours), 1999-2024)
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The system showed on NASDAQ:QQQ 1-hour timeframe (regular hours):
- Total Return: 1,100,000%+ over 24 years
- Total Trades: 500+
- Win Rate: ~20-24% (LOW - this is by design!)
- Average Winner: 8-15% gain
- Average Loser: 2-4% loss
- Win/Loss Ratio: 10:1 (winners much bigger than losers)
- Profit Factor: 3+
- Max Drawdown: 45-50%
- Risk per trade: 3% of capital
KEY INSIGHT: This is a LOW WIN RATE, HIGH REWARD system. You will
lose more trades than you win, but the few winners are so large
they more than compensate for many small losses.
IMPORTANT: These are backtested results using optimal parameters
on historical data. Real trading results will vary based on:
- Your execution and timing
- Slippage and commissions
- Your emotional discipline
- Market conditions during your trading period
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🎓 WHO IS THIS FOR?
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IDEAL FOR:
✓ Swing traders comfortable holding winners for longer period
✓ Part-time traders (1H = check 2-3x per day)
✓ Traders seeking exceptional risk/reward ratios
✓ Those comfortable with low win rates if winners are huge
✓ Technical analysis enthusiasts
✓ Breakout traders
✓ Trend followers
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🚀 GETTING STARTED - STEP BY STEP
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STEP 1: APPLY TO YOUR CHART
- Search "Tight Entry Trend Engine" in indicators
- Click to apply to your chart
- Trendlines and HTF line will appear immediately
STEP 2: CHOOSE YOUR SETTINGS
For BEGINNERS - Use These Settings First:
1. Trade Direction & Filters:
• ENABLE LONGS: ✓ ON
• ENABLE SHORTS: ✗ OFF (start with longs only)
• Sensitivity: 1.0 (default)
• HTF Trend Entry Filter: ✓ ON (safer entries)
• Block Entries When Overextended: ✓ ON (avoid parabolic tops)
2. Position Sizing & Risk:
• Position Sizing: "Per Risk"
• RISK Type: "$ Per Trade"
• Risk Amount: $200 (or 1-3% of your account)
3. Visual Settings:
• Show Support Lines: ✗ OFF (unless trading shorts)
• Show Detailed Entry/Exit Labels: ✓ ON
• Show Stats Table: ✓ ON
• Show Entry Line & P/L Fill: ✓ ON
4. Leave everything else at DEFAULT for now
STEP 3: UNDERSTAND WHAT YOU SEE
When trendlines appear:
- RED lines above = Resistance (watch for price breaking UP through these)
- GREEN lines below = Support (watch for price breaking DOWN)
- When price breaks a red line = Potential LONG entry
- When price breaks a green line = Potential SHORT entry
The HTF trend line (thick colored):
- Green/lime = Strong uptrend (favorable for longs)
- Red = Strong downtrend (favorable for shorts if enabled)
- Orange/yellow = Transitioning
STEP 4: OBSERVE SIGNALS
- Small GREEN dot below bar = System entered LONG
- Small RED dot above bar = System exited LONG
- Check the label to see which "Bank" triggered (Bank 1, 2, or 3)
- Watch the yellow entry line and colored fill show your P/L
STEP 5: PAPER TRADE FIRST
- Use TradingView's paper trading feature
- Watch how signals perform on YOUR chosen asset
- Understand the win rate will be LOW (20-35%)
- Verify that winners are indeed much larger than losers
- Test for at least 20-30 signals before going live
STEP 6: OPTIMIZE FOR YOUR ASSET (OPTIONAL)
If default settings aren't working well:
For FASTER signals (more trades):
- Reduce Pivot Length 1 to 3-4
- Reduce Max Length 1 to 120-150
- Increase Sensitivity to 1.2-1.5
For SLOWER signals (higher quality):
- Increase Pivot Length 1 to 7-10
- Increase Max Length 1 to 250+
- Decrease Sensitivity to 0.7-0.9
For DAILY timeframes:
- Increase all Pivot Lengths by 30-50%
- Increase all Max Lengths significantly
- Sensitivity: 0.6-0.8
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⚙️ ADVANCED SETTINGS EXPLAINED
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TRENDLINE BANK SETTINGS:
Each bank (1, 2, 3) has these parameters:
- Min Touches: Minimum pivots to form a line
- Lower (2) = More lines, earlier detection
- Higher (4+) = Fewer lines, higher quality
- Pivot Length: Lookback for swing points
- Lower (3-5) = Reacts to recent price action
- Higher (10+) = Only major swing points
- Max Length: How old a trendline can be
- Shorter (100-150) = Only recent lines
- Longer (300+) = Include historical levels
- Tolerance: Alignment strictness for horizontal lines
- Lower (3.0-3.5) = Very strict horizontal
- Higher (4.5+) = More forgiving alignment
- Allow Angled Lines: Enable diagonal trendlines
- ON = Catches sloped support/resistance
- OFF = Only horizontal levels
- Angle Limits: Maximum steepness allowed
- Lower (1-2) = Only gentle slopes
- Higher (4-6) = Accept steeper angles
- Automatically adjusts for volatility
ATR MULTIPLIERS:
- STOP LOSS ATR (0.6): Distance to stop-loss
- Lower (0.4-0.5) = Tighter stops, stopped out more
- Higher (0.8-1.0) = Wider stops, more room
- PROFIT TARGET ATR (100): Main profit target
- This is 100x your risk = 10,000% R:R
- Lower (50-80) = Take profits sooner
- Higher (120+) = Let winners run longer
- BREAKEVEN ATR (40): When to move stop to breakeven
- Lower (20-30) = Protect profits earlier
- Higher (60+) = Give more room before protecting
HIGHER TIMEFRAME:
- Auto HTF: Automatically selects appropriate HTF
- 5min chart → uses 2H
- 15-30min → uses 6H
- 1-4H → uses 2D
- Daily → uses 4D
- HTF MA Length (300): HMA period for trend
- Lower (150-250) = More responsive
- Higher (400-500) = Smoother, less whipsaw
- HTF Trend Following Exit: Exits when crossing HTF
- ON = Additional exit method
- OFF = Rely only on profit targets/stops
- HTF Trend Entry Filter: Only trade with HTF trend
- ON = Safer, fewer signals
- OFF = More aggressive, more signals
- Block Entries When Overextended: Prevents chasing
- ON = Avoids parabolic tops/bottoms
- OFF = Enter all breakouts regardless
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💡 TRADING PHILOSOPHY & EXPECTATIONS
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This system is built on one core principle:
"ACCEPT SMALL, FREQUENT LOSSES TO CAPTURE RARE, MASSIVE WINS"
What this means:
- You WILL lose 65%-75% of your trades
- Most losses will be small (1-2R)
- Some winners hit 80R+
- Over time, math works in your favour
Smart Money Concepts by WeloTradesThe "Smart Money Concepts by WeloTrades" indicator is designed to offer traders a comprehensive tool that integrates multiple advanced features to aid in market analysis. By combining order blocks, liquidity levels, fair value gaps, trendlines, and market structure analysis, the indicator provides a holistic approach to understanding market dynamics and making informed trading decisions.
Components and Their Integration:
Order Blocks and Breaker Blocks Detection
Functionality: Order blocks represent areas where significant buying or selling occurred, creating potential support or resistance zones. Breaker blocks signal potential reversals.
Integration: By detecting and visualizing these blocks, the indicator helps traders identify key levels where price might react, aiding in entry and exit decisions. The customizable settings allow traders to adjust the visibility and parameters to suit their specific trading strategy.
Liquidity Levels Analysis
Functionality: Liquidity levels indicate zones where significant price movements can occur due to the presence of large orders. These are areas where smart money might be executing trades.
Integration: By tracking these high-probability liquidity areas, traders can anticipate potential price movements. Customizable display limits and mitigation strategies ensure that the information is tailored to the trader’s needs, providing precise and actionable insights.
Fair Value Gaps (FVG)
Functionality: Fair value gaps highlight areas where there is an imbalance between buyers and sellers. These gaps often represent potential trading opportunities.
Integration: The ability to identify and analyze FVGs helps traders spot potential entries based on market inefficiencies. The touch and break detection functionalities provide further refinement, enhancing the precision of trading signals.
Trendlines
Functionality: Trendlines help in identifying the direction of the market and potential reversal points. The additional trendline adds a layer of confirmation for breaks or retests.
Integration: Automatically drawn trendlines assist traders in visualizing market trends and making decisions about potential entries and exits. The additional trendline for stronger confirmation reduces the risk of false signals, providing more reliable trading opportunities.
Market Structure Analysis
Functionality: Understanding market structure is crucial for identifying key support and resistance levels and overall market dynamics. This component displays internal, external, and composite market structures.
Integration: By automatically highlighting shifts in market structure, the indicator helps traders recognize important levels and potential changes in market direction. This analysis is critical for strategic planning and execution in trading.
Customizable Alerts
Functionality: Alerts ensure that traders do not miss significant market events, such as the formation or breach of order blocks, liquidity levels, and trendline interactions.
Integration: Customizable alerts enhance the user experience by providing timely notifications of key events. This feature ensures that traders can act quickly and efficiently, leveraging the insights provided by the indicator.
Interactive Visualization
Functionality: Customizable visual aspects of the indicator allow traders to tailor the display to their preferences and trading style.
Integration: This feature enhances user engagement and usability, making it easier for traders to interpret the data and make informed decisions. Personalization options like colors, styles, and display formats improve the overall effectiveness of the indicator.
How Components Work Together
Comprehensive Market Analysis
Each component of the indicator addresses a different aspect of market analysis. Order blocks and liquidity levels highlight potential support and resistance zones, while fair value gaps and trendlines provide additional context for potential entries and exits. Market structure analysis ties everything together by offering a broad view of market dynamics.
Synergistic Insights
The integration of multiple features allows for cross-validation of trading signals. For instance, an order block coinciding with a high-probability liquidity level and a fair value gap can provide a stronger signal than any of these features alone. This synergy enhances the reliability of the insights and trading signals generated by the indicator.
Enhanced Decision Making
By combining these advanced features into a single tool, traders are equipped with a powerful resource for making informed decisions. The customizable alerts and interactive visualization further support this by ensuring that traders can act quickly on the insights provided.
Order Blocks ( OB) & Breaker Blocks (BB) Visuals:
📝 OB Input Settings
📊 Timeframe #1
TF #1🕑: Enable or disable Timeframe 1.
What it is: A boolean input to toggle the use of the first timeframe.
What it does: Enables or disables Timeframe 1 for the OB settings.
How to use it: Check or uncheck the box to enable or disable.
📊 Timeframe 1 Selection
Timeframe #1🕑: Select the timeframe for Timeframe 1.
What it is: A dropdown to select the desired timeframe.
What it does: Sets the timeframe for Timeframe 1.
How to use it: Choose a timeframe from the dropdown list.
📊 Timeframe #2
TF #2🕑: Enable or disable Timeframe 2.
What it is: A boolean input to toggle the use of the second timeframe.
What it does: Enables or disables Timeframe 2 for the OB settings.
How to use it: Check or uncheck the box to enable or disable.
📊 Timeframe 2 Selection
Timeframe #2🕑: Select the timeframe for Timeframe 2.
What it is: A dropdown to select the desired timeframe.
What it does: Sets the timeframe for Timeframe 2.
How to use it: Choose a timeframe from the dropdown list.
Additional Info: Higher TF Chart & Lower TF Setting / Lower TF Chart & Higher TF Setting.
📏 Show OBs
OB (Length)📏: Toggle the display of Order Blocks.
What it is: A boolean input to enable or disable the display of Order Blocks.
What it does: Shows or hides Order Blocks based on the selected swing length.
How to use it: Check or uncheck the box to enable or disable.
📏 Swing Length Option
Swing Length Option: Select the swing length option.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of swings for Order Blocks.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=10, MID=28, LONG=50.
🔧 Custom Swing Length
🔧custom: Specify a custom swing length.
What it is: An integer input for setting a custom swing length.
What it does: Overrides the default swing lengths if set to CUSTOM.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
📛 Show BBs
BB (Method)📛: Toggle the display of Breaker Blocks.
What it is: A boolean input to enable or disable the display of Breaker Blocks.
What it does: Shows or hides Breaker Blocks.
How to use it: Check or uncheck the box to enable or disable.
📛 OB End Method
OB End Method: Select the method for determining the end of a Breaker Block.
What it is: A dropdown to choose between Wick and Close.
What it does: Sets the criteria for when a Breaker Block is considered mitigated.
How to use it: Choose an option from the dropdown.
Additional Info: Wicks: OB is mitigated when the price wicks through the OB Level. Close: OB is mitigated when the closing price is within the OB Level.
🔍 Max Bullish Zones
🔍Max Bullish: Set the maximum number of Bullish Order Blocks to display.
What it is: A dropdown to select the maximum number of Bullish Order Blocks.
What it does: Limits the number of Bullish Order Blocks shown on the chart.
How to use it: Choose a value from the dropdown (1-10).
🔍 Max Bearish Zones
🔍Max Bearish: Set the maximum number of Bearish Order Blocks to display.
What it is: A dropdown to select the maximum number of Bearish Order Blocks.
What it does: Limits the number of Bearish Order Blocks shown on the chart.
How to use it: Choose a value from the dropdown (1-10).
🟩 Bullish OB Color
Bullish OB Color: Set the color for Bullish Order Blocks.
What it is: A color picker to set the color of Bullish Order Blocks.
What it does: Changes the color of Bullish Order Blocks on the chart.
How to use it: Select a color from the color picker.
🟥 Bearish OB Color
Bearish OB Color: Set the color for Bearish Order Blocks.
What it is: A color picker to set the color of Bearish Order Blocks.
What it does: Changes the color of Bearish Order Blocks on the chart.
How to use it: Select a color from the color picker.
🔧 OB & BB Range
↔ OB & BB Range: Select the range option for OB and BB.
What it is: A dropdown to choose between RANGE and CUSTOM.
What it does: Sets how far the OB or BB should extend.
How to use it: Choose an option from the dropdown.
Additional Info: RANGE = Current price, CUSTOM = Adjustable Range.
🔧 Custom OB & BB Range
🔧Custom: Specify a custom range for OB and BB.
What it is: An integer input for setting a custom range.
What it does: Defines how far the OB or BB should go, based on a custom value.
How to use it: Enter a custom integer value (range: 1000-500000).
💬 Text Options
💬Text Options: Set text size and color for OB and BB.
What it is: A dropdown to select text size and a color picker to choose text color.
What it does: Changes the size and color of the text displayed for OB and BB.
How to use it: Select a size from the dropdown and a color from the color picker.
💬 Show Timeframe OB
Text: Toggle to display the timeframe of OB.
What it is: A boolean input to show or hide the timeframe text for OB.
What it does: Displays the timeframe information for Order Blocks on the chart.
How to use it: Check or uncheck the box to enable or disable.
💬 Show Volume
Volume: Toggle to display the volume of OB.
What it is: A boolean input to show or hide the volume information for Order Blocks.
What it does: Displays the volume information for Order Blocks on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The volume displayed represents the total trading volume that occurred during the formation of the Order Block. This can indicate the level of participation or interest in that price level.
How it's calculated: The volume is the sum of all traded volumes within the candles that form the Order Block.
What it means: Higher volume at an Order Block level may suggest stronger support or resistance. It shows the amount of trading activity and can be an indicator of the potential strength or validity of the Order Block.
Why it's shown: To give traders an idea of the market participation and to help assess the strength of the Order Block.
💬 Show Percentage
%: Toggle to display the percentage of OB.
What it is: A boolean input to show or hide the percentage information for Order Blocks.
What it does: Displays the percentage information for Order Blocks on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The percentage displayed usually represents the proportion of price movement relative to the Order Block.
How it's calculated: This can be the percentage move from the start to the end of the Order Block or the retracement level that price has reached relative to the Order Block's range.
What it means: It helps traders understand the extent of price movement within the Order Block and can indicate the significance of the price level.
Why it's shown: To provide a clearer understanding of the price dynamics and the importance of the Order Block within the overall price movement.
Additional Information
Volume Example: If an Order Block forms over three candles with volumes of 100, 150, and 200, the total volume displayed for that Order Block would be 450.
Percentage Example: If the price moves from 100 to 110 within an Order Block, and the total range of the Order Block is from 100 to 120, the percentage shown might be 50% (since the price has moved halfway through the Order Block's range).
Liquidity Levels visuals:
📊 Liquidity Levels Input Settings
📊 Current Timeframe
TF #1🕑: Enable or disable the current timeframe.
What it is: A boolean input to toggle the use of the current timeframe.
What it does: Enables or disables the display of liquidity levels for the current timeframe.
How to use it: Check or uncheck the box to enable or disable.
📊 Higher Timeframe
Higher Timeframe: Select the higher timeframe for liquidity levels.
What it is: A dropdown to select the desired higher timeframe.
What it does: Sets the higher timeframe for liquidity levels.
How to use it: Choose a timeframe from the dropdown list.
📏 Liquidity Length Option
📏Liquidity Length: Select the length for liquidity levels.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of swings for liquidity levels.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=10, MID=28, LONG=50.
🔧 Custom Liquidity Length
🔧custom: Specify a custom length for liquidity levels.
What it is: An integer input for setting a custom swing length.
What it does: Overrides the default liquidity lengths if set to CUSTOM.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
📛 Mitigation Method
📛Mitigation (Method): Select the method for determining the mitigation of liquidity levels.
What it is: A dropdown to choose between Close and Wick.
What it does: Sets the criteria for when a liquidity level is considered mitigated.
How to use it: Choose an option from the dropdown.
Additional Info:
Wick: Level is mitigated when the price wicks through the level.
Close: Level is mitigated when the closing price is within the level.
📛 Display Mitigated Levels
-: Select to display or hide mitigated levels.
What it is: A dropdown to choose between Remove and Show.
What it does: Displays or hides mitigated liquidity levels.
How to use it: Choose an option from the dropdown.
Additional Info:
Remove: Hide mitigated levels.
Show: Display mitigated levels.
🔍 Max Buy Side Liquidity
🔍Max Buy Side Liquidity: Set the maximum number of Buy Side Liquidity Levels to display.
What it is: An integer input to set the maximum number of Buy Side Liquidity Levels.
What it does: Limits the number of Buy Side Liquidity Levels shown on the chart.
How to use it: Enter a value between 0 and 50.
🟦 Buy Side Liquidity Color
Buy Side Liquidity Color: Set the color for Buy Side Liquidity Levels.
What it is: A color picker to set the color of Buy Side Liquidity Levels.
What it does: Changes the color of Buy Side Liquidity Levels on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Buy Side Liquidity Levels to display. Default: 5, Min: 1, Max: 50.
If liquidity levels are not displayed as expected, try increasing the max count.
🔍 Max Sell Side Liquidity
🔍Max Sell Side Liquidity: Set the maximum number of Sell Side Liquidity Levels to display.
What it is: An integer input to set the maximum number of Sell Side Liquidity Levels.
What it does: Limits the number of Sell Side Liquidity Levels shown on the chart.
How to use it: Enter a value between 0 and 50.
🟥 Sell Side Liquidity Color
Sell Side Liquidity Color: Set the color for Sell Side Liquidity Levels.
What it is: A color picker to set the color of Sell Side Liquidity Levels.
What it does: Changes the color of Sell Side Liquidity Levels on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Sell Side Liquidity Levels to display. Default: 5, Min: 1, Max: 50.
If liquidity levels are not displayed as expected, try increasing the max count.
✂ Box Style (Height)
✂ Box Style (↕): Set the box height style for liquidity levels.
What it is: A float input to set the height of the boxes.
What it does: Adjusts the height of the boxes displaying liquidity levels.
How to use it: Enter a value between -50 and 50.
Additional Info: Default value is -5.
📏 Box Length
b: Set the box length of liquidity levels.
What it is: An integer input to set the length of the boxes.
What it does: Adjusts the length of the boxes displaying liquidity levels.
How to use it: Enter a value between 0 and 500.
Additional Info: Default value is 20.
⏭ Extend Liquidity Levels
Extend ⏭: Toggle to extend liquidity levels beyond the current range.
What it is: A boolean input to enable or disable the extension of liquidity levels.
What it does: Extends liquidity levels beyond their default range.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: Extend liquidity levels beyond the current range.
💬 Text Options
💬 Text Options: Set text size and color for liquidity levels.
What it is: A dropdown to select text size and a color picker to choose text color.
What it does: Changes the size and color of the text displayed for liquidity levels.
How to use it: Select a size from the dropdown and a color from the color picker.
💬 Show Text
Text: Toggle to display text for liquidity levels.
What it is: A boolean input to show or hide the text for liquidity levels.
What it does: Displays the text information for liquidity levels on the chart.
How to use it: Check or uncheck the box to enable or disable.
💬 Show Volume
Volume: Toggle to display the volume of liquidity levels.
What it is: A boolean input to show or hide the volume information for liquidity levels.
What it does: Displays the volume information for liquidity levels on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The volume displayed represents the total trading volume that occurred during the formation of the liquidity level. This can indicate the level of participation or interest in that price level.
How it's calculated: The volume is the sum of all traded volumes within the candles that form the liquidity level.
What it means: Higher volume at a liquidity level may suggest stronger support or resistance. It shows the amount of trading activity and can be an indicator of the potential strength or validity of the liquidity level.
Why it's shown: To give traders an idea of the market participation and to help assess the strength of the liquidity level.
💬 Show Percentage
%: Toggle to display the percentage of liquidity levels.
What it is: A boolean input to show or hide the percentage information for liquidity levels.
What it does: Displays the percentage information for liquidity levels on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The percentage displayed usually represents the proportion of price movement relative to the liquidity level.
How it's calculated: This can be the percentage move from the start to the end of the liquidity level or the retracement level that price has reached relative to the liquidity level's range.
What it means: It helps traders understand the extent of price movement within the liquidity level and can indicate the significance of the price level.
Why it's shown: To provide a clearer understanding of the price dynamics and the importance of the liquidity level within the overall price movement.
Fair Value Gaps visuals:
📊 Fair Value Gaps Input Settings
📊 Show FVG
TF #1🕑: Enable or disable Fair Value Gaps for Timeframe 1.
What it is: A boolean input to toggle the display of Fair Value Gaps.
What it does: Shows or hides Fair Value Gaps on the chart.
How to use it: Check or uncheck the box to enable or disable.
📊 Select Timeframe
Timeframe: Select the timeframe for Fair Value Gaps.
What it is: A dropdown to select the desired timeframe.
What it does: Sets the timeframe for Fair Value Gaps.
How to use it: Choose a timeframe from the dropdown list.
Additional Info: Higher TF Chart & Lower TF Setting or Lower TF Chart & Higher TF Setting.
📛 FVG Break Method
📛FVG Break (Method): Select the method for determining when an FVG is mitigated.
What it is: A dropdown to choose between Touch, Wicks, Close, or Average.
What it does: Sets the criteria for when a Fair Value Gap is considered mitigated.
How to use it: Choose an option from the dropdown.
Additional Info:
Touch: FVG is mitigated when the price touches the gap.
Wicks: FVG is mitigated when the price wicks through the gap.
Close: FVG is mitigated when the closing price is within the gap.
Average: FVG is mitigated when the average price (average of high and low) is within the gap.
📛 Show Mitigated FVG
show: Toggle to display mitigated FVGs.
What it is: A boolean input to show or hide mitigated Fair Value Gaps.
What it does: Displays or hides mitigated Fair Value Gaps.
How to use it: Check or uncheck the box to enable or disable.
📛 Fill FVG
Fill: Toggle to fill Fair Value Gaps.
What it is: A boolean input to fill the Fair Value Gaps with color.
What it does: Adds a color fill to the Fair Value Gaps.
How to use it: Check or uncheck the box to enable or disable.
📛 Shade FVG
Shade: Toggle to shade Fair Value Gaps.
What it is: A boolean input to shade the Fair Value Gaps.
What it does: Adds a shade effect to the Fair Value Gaps.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: Select the method to break FVGs and toggle the visibility of FVG Breaks (fill FVG and/or shade FVG).
🔍 Max Bullish FVG
🔍Max Bullish FVG: Set the maximum number of Bullish Fair Value Gaps to display.
What it is: An integer input to set the maximum number of Bullish Fair Value Gaps.
What it does: Limits the number of Bullish Fair Value Gaps shown on the chart.
How to use it: Enter a value between 0 and 50.
🔍 Max Bearish FVG
🔍Max Bearish FVG: Set the maximum number of Bearish Fair Value Gaps to display.
What it is: An integer input to set the maximum number of Bearish Fair Value Gaps.
What it does: Limits the number of Bearish Fair Value Gaps shown on the chart.
How to use it: Enter a value between 0 and 50.
🟥 Bearish FVG Color
Bearish FVG Color: Set the color for Bearish Fair Value Gaps.
What it is: A color picker to set the color of Bearish Fair Value Gaps.
What it does: Changes the color of Bearish Fair Value Gaps on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Bearish Fair Value Gaps to display. Default: 5, Min: 1, Max: 50.
If Fair Value Gaps are not displayed as expected, try increasing the max count.
🟦 Bullish FVG Color
Bullish FVG Color: Set the color for Bullish Fair Value Gaps.
What it is: A color picker to set the color of Bullish Fair Value Gaps.
What it does: Changes the color of Bullish Fair Value Gaps on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Bullish Fair Value Gaps to display. Default: 5, Min: 1, Max: 50.
If Fair Value Gaps are not displayed as expected, try increasing the max count.
📏 FVG Range
↔ FVG Range: Set the range for Fair Value Gaps.
What it is: An integer input to set the range of the Fair Value Gaps.
What it does: Adjusts the range of the Fair Value Gaps displayed.
How to use it: Enter a value between 0 and 100.
Additional Info: Adjustable length only works when both RANGE & EXTEND display OFF. Range=current price, Extend=Full Range.
⏭ Extend FVG
Extend⏭: Toggle to extend Fair Value Gaps beyond the current range.
What it is: A boolean input to enable or disable the extension of Fair Value Gaps.
What it does: Extends Fair Value Gaps beyond their default range.
How to use it: Check or uncheck the box to enable or disable.
⏯ FVG Range
Range⏯: Toggle the range of Fair Value Gaps.
What it is: A boolean input to enable or disable the range display for Fair Value Gaps.
What it does: Sets the range of Fair Value Gaps displayed.
How to use it: Check or uncheck the box to enable or disable.
↕ Max Width
↕ Max Width: Set the maximum width of Fair Value Gaps.
What it is: A float input to set the maximum width of Fair Value Gaps.
What it does: Limits the width of Fair Value Gaps as a percentage of the price range.
How to use it: Enter a value between 0 and 5.0.
Additional Info: FVGs wider than this value will be ignored.
♻ Filter FVG
Filter FVG ♻: Toggle to filter out small Fair Value Gaps.
What it is: A boolean input to filter out small Fair Value Gaps.
What it does: Ignores Fair Value Gaps smaller than the specified max width.
How to use it: Check or uncheck the box to enable or disable.
➖ Mid Line Style
➖Mid Line Style: Select the style of the mid line for Fair Value Gaps.
What it is: A dropdown to choose between Solid, Dashed, or Dotted.
What it does: Sets the style of the mid line within Fair Value Gaps.
How to use it: Choose an option from the dropdown.
🎨 Mid Line Color
Mid Line Color: Set the color for the mid line within Fair Value Gaps.
What it is: A color picker to set the color of the mid line.
What it does: Changes the color of the mid line within Fair Value Gaps.
How to use it: Select a color from the color picker.
Additional Information
Mitigation Methods: Each method (Touch, Wicks, Close, Average) provides different criteria for when a Fair Value Gap is considered mitigated, helping traders to understand the dynamics of price movements within gaps.
Volume and Percentage: Displaying volume and percentage information for Fair Value Gaps helps traders gauge the strength and significance of these gaps in relation to trading activity and price movements.
Trendlines visuals:
📊 Trendlines Input Settings
📊 Show Trendlines
Trendlines & Trendlines Difference(%) ↕: Enable or disable trendlines and set the percentage difference from the first trendline.
What it is: A boolean input to toggle the display of trendlines.
What it does: Shows or hides trendlines on the chart and allows setting a percentage difference from the first trendline.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: The percentage difference determines the distance of the second trendline from the first one.
📏 Trendline Length Option
📏Trendline Length: Select the length for trendlines.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of trendlines.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=50, MID=100, LONG=200.
🔧 Custom Trendline Length
🔧custom: Specify a custom length for trendlines.
What it is: An integer input for setting a custom trendline length.
What it does: Overrides the default trendline lengths if set to CUSTOM.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
🔍 Max Bearish Trendlines
🔍Max Trendlines Bearish: Set the maximum number of bearish trendlines to display.
What it is: A dropdown to select the maximum number of bearish trendlines.
What it does: Limits the number of bearish trendlines shown on the chart.
How to use it: Choose a value from the dropdown (2-20).
🟩 Bearish Trendline Color
Bearish Trendline Color: Set the color for bearish trendlines.
What it is: A color picker to set the color of bearish trendlines.
What it does: Changes the color of bearish trendlines on the chart.
How to use it: Select a color from the color picker.
Additional Info: Adjust to control how many bearish trendlines are displayed.
🔍 Max Bullish Trendlines
🔍Max Trendlines Bullish: Set the maximum number of bullish trendlines to display.
What it is: A dropdown to select the maximum number of bullish trendlines.
What it does: Limits the number of bullish trendlines shown on the chart.
How to use it: Choose a value from the dropdown (2-20).
🟥 Bullish Trendline Color
Bullish Trendline Color: Set the color for bullish trendlines.
What it is: A color picker to set the color of bullish trendlines.
What it does: Changes the color of bullish trendlines on the chart.
How to use it: Select a color from the color picker.
Additional Info: Adjust to control how many bullish trendlines are displayed.
📐 Degrees Text
📐Degrees ° (💬 Size): Enable or disable degrees text and set its size and color.
What it is: A boolean input to show or hide the degrees text for trendlines.
What it does: Displays the degrees text for trendlines.
How to use it: Check or uncheck the box to enable or disable.
📏 Text Size for Degrees
Text Size: Set the text size for degrees on trendlines.
What it is: A dropdown to select the size of the degrees text.
What it does: Changes the size of the degrees text displayed for trendlines.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🎨 Degrees Text Color
Degrees Text Color: Set the color for the degrees text on trendlines.
What it is: A color picker to set the color of the degrees text.
What it does: Changes the color of the degrees text on the chart.
How to use it: Select a color from the color picker.
♻ Filter Degrees
♻ Filter Degrees °: Enable or disable angle filtering and set the angle range.
What it is: A boolean input to filter trendlines by their angle.
What it does: Shows only trendlines within a specified angle range.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: Angles outside this range will be filtered out.
🔢 Angle Range
Angle Range: Set the angle range for filtering trendlines.
What it is: Two float inputs to set the minimum and maximum angle for trendlines.
What it does: Defines the range of angles for which trendlines will be shown.
How to use it: Enter values for the minimum and maximum angles.
➖ Line Style
➖Style #1 & #2: Select the style of the primary and secondary trendlines.
What it is: Two dropdowns to choose between Solid, Dashed, or Dotted for the trendlines.
What it does: Sets the style of the primary and secondary trendlines.
How to use it: Choose a style from each dropdown.
📏 Line Thickness
: Set the thickness for the trendlines.
What it is: An integer input to set the thickness of the trendlines.
What it does: Adjusts the thickness of the trendlines displayed on the chart.
How to use it: Enter a value between 1 and 5.
Additional Information
Trendline Percentage Difference: Setting a percentage difference helps in analyzing the relative position and angle of trendlines.
Filtering by Angle: This feature allows focusing on trendlines within a specific angle range, enhancing the clarity of trend analysis.
BOS & CHOCH Market Structure visuals:
📊 BOS & CHOCH Market Structure Input Settings
📏 Market Structure Length Option
📏Market Structure: Select the market structure length option.
What it is: A dropdown to choose between INTERNAL, EXTERNAL, ALL, CUSTOM, or NONE.
What it does: Sets the type of market structure to be displayed.
How to use it: Choose an option from the dropdown.
Additional Info:
INTERNAL: Only internal structure.
EXTERNAL: Only external structure.
ALL: Both internal and external structures.
CUSTOM: Custom lengths.
NONE: No structure.
🔧 Custom Internal Length
🔧Custom Internal: Specify a custom length for internal market structure.
What it is: An integer input for setting a custom internal length.
What it does: Defines the length of internal market structures if CUSTOM is selected.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
💬 Internal Label Size
💬Internal Label Size: Set the label size for internal market structures.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for internal market structures.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🟩 Internal Bullish Color
Internal Bullish Color: Set the color for bullish internal market structures.
What it is: A color picker to set the color of bullish internal market structures.
What it does: Changes the color of bullish internal market structures on the chart.
How to use it: Select a color from the color picker.
🟥 Internal Bearish Color
Internal Bearish Color: Set the color for bearish internal market structures.
What it is: A color picker to set the color of bearish internal market structures.
What it does: Changes the color of bearish internal market structures on the chart.
How to use it: Select a color from the color picker.
🔧 Custom External Length
🔧Custom External: Specify a custom length for external market structure.
What it is: An integer input for setting a custom external length.
What it does: Defines the length of external market structures if CUSTOM is selected.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
💬 External Label Size
💬External Label Size: Set the label size for external market structures.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for external market structures.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🟩 External Bullish Color
External Bullish Color: Set the color for bullish external market structures.
What it is: A color picker to set the color of bullish external market structures.
What it does: Changes the color of bullish external market structures on the chart.
How to use it: Select a color from the color picker.
🟥 External Bearish Color
External Bearish Color: Set the color for bearish external market structures.
What it is: A color picker to set the color of bearish external market structures.
What it does: Changes the color of bearish external market structures on the chart.
How to use it: Select a color from the color picker.
📐 Show Equal Highs and Lows
EQL & EQH📐: Toggle visibility for equal highs and lows.
What it is: A boolean input to show or hide equal highs and lows.
What it does: Displays or hides equal highs and lows on the chart.
How to use it: Check or uncheck the box to enable or disable.
📏 Equal Highs and Lows Threshold
Equal Highs and Lows Threshold: Set the threshold for equal highs and lows.
What it is: A float input to set the threshold for equal highs and lows.
What it does: Defines the range within which highs and lows are considered equal.
How to use it: Enter a value between 0 and 10.
💬 Label Size for Equal Highs and Lows
💬Label Size for Equal Highs and Lows: Set the label size for equal highs and lows.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for equal highs and lows.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🟩 Bullish Color for Equal Highs and Lows
Bullish Color for Equal Highs and Lows: Set the color for bullish equal highs and lows.
What it is: A color picker to set the color of bullish equal highs and lows.
What it does: Changes the color of bullish equal highs and lows on the chart.
How to use it: Select a color from the color picker.
🟥 Bearish Color for Equal Highs and Lows
Bearish Color for Equal Highs and Lows: Set the color for bearish equal highs and lows.
What it is: A color picker to set the color of bearish equal highs and lows.
What it does: Changes the color of bearish equal highs and lows on the chart.
How to use it: Select a color from the color picker.
📏 Show Swing Points
Swing Points📏: Toggle visibility for swing points.
What it is: A boolean input to show or hide swing points.
What it does: Displays or hides swing points on the chart.
How to use it: Check or uncheck the box to enable or disable.
📏 Swing Points Length Option
Swing Points Length Option: Select the length for swing points.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of swing points.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=10, MID=28, LONG=50.
💬 Swing Points Label Size
💬Swing Points Label Size: Set the label size for swing points.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for swing points.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🎨 Swing Points Color
Swing Points Color: Set the color for swing points.
What it is: A color picker to set the color of swing points.
What it does: Changes the color of swing points on the chart.
How to use it: Select a color from the color picker.
🔧 Custom Swing Points Length
🔧Custom Swings: Specify a custom length for swing points.
What it is: An integer input for setting a custom length for swing points.
What it does: Defines the length of swing points if CUSTOM is selected.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
Additional Information
Market Structure Types: Understanding internal and external structures helps in analyzing different market behaviors.
Equal Highs and Lows: This feature identifies areas where price action is balanced, which can be significant for trading strategies.
Swing Points: Highlighting swing points aids in recognizing significant market reversals or continuations.
Benefits
Enhance your trading strategy by visualizing smart money's influence on price movements.
Make informed decisions with real-time data on significant market structures.
Reduce manual analysis with automated detection of key trading signals.
Ideal For
Traders looking for an edge in forex, equities, and cryptocurrency markets by understanding the underlying forces driving market dynamics.
Acknowledgements
Special thanks to these amazing creators for inspiration and their creations:
I want to thank these amazing creators for creating there amazing indicators , that inspired me and also gave me a head start by making this indicator! Without their amazing indicators it wouldn't be possible!
Flux Charts: Volumized Order Blocks
LuxAlgo: Trend Lines
UAlgo: Fair Value Gaps (FVG)
By Leviathan: Market Structure
Sonarlab: Liquidity Levels
Note
Remember to always backtest the indicator first before integrating it into your strategy! For any questions about the indicator, please feel free to ask for assistance.
VCP Trendline breakoutThe Signal:
Green Triangles indicate the price is approaching the trendline (Watchlist candidate).
Yellow Triangles indicate the price is very tight against the line (Execution imminent).
The Trigger: When price closes above the Grey Dotted Line, the line stops extending. This is your breakout signal.
Indicator Overview
The The VCP Trendline breakout indicator is a sophisticated technical indicator designed for trend followers and breakout traders (O'Neil, Minervini, Wyckoff styles). This script employs a State Machine logic to identify structural Volatility Contraction Patterns (VCP) in real-time.
It automatically detects valid Bases, tracks the "Right Side" construction, identifies nested handles (contractions), and draws precise supply trendlines—while strictly enforcing structural integrity rules (Higher Lows).
Core Logic & Features
1. Smart Base Detection
Trend Filter: The pattern recognition engine only activates when the price is above the 200 SMA, ensuring you are trading with the primary trend.
Base Validation: It identifies a "Base High" (H1) based on a configurable lookback period. It tracks the depth of the base and automatically invalidates the pattern if the drawdown exceeds the user-defined threshold (default 30%).
2. Recursive Nested Trendlines (VCP)
The indicator is capable of drawing Nested Trendlines (recursive resistance). It doesn't just draw a line from the peak; it identifies internal contractions within the base.
H1 (Primary): The main supply line from the top of the base.
H2, H3 (Internal): Trendlines connecting subsequent lower highs (handles) as volatility contracts.
Smart Fan: Includes a "Clean Fan" mode to show only the most relevant, latest trendline per anchor point.
3. Structural Integrity Enforcement (The "Higher Low" Rule)
This is the standout feature of this script. It performs an Anchor Integrity Check on every bar.
In a valid VCP, every contraction must form a Higher Low.
If the price creates a new pivot (H3) but then crashes lower than the previous contraction's floor (H2), the script identifies this as a Structural Failure.
Auto-Deletion: It immediately retroactively deletes the invalid trendlines associated with that failed contraction, keeping your chart clean and free of "ghost" signals.
4. "Right-Side" Logic
Collision Detection: Trendlines are calculated using "Right-Side Clearance." A line is only drawn if the path from the anchor to the new pivot is unobstructed by price action.
Signal Protection: "Watch" and "Near" signals are suppressed during the decline phase (Left Side). They only appear once the "Bottom" (L1) has been confirmed and price is recovering on the Right Side.
5. Proximity Alerts & Breakouts
Watch Zone (Green Triangle): Appears when the Low of the bar is within 8% (configurable) of a valid trendline.
Near Zone (Yellow Triangle): Appears when the Low of the bar is within 4% (configurable) of a valid trendline.
Breakout Stop: Trendlines are dynamic. The moment a bar closes above a trendline, the line stops extending immediately, marking the exact breakout point.
How to Use This Indicator
The Setup: Look for a stock in an uptrend (Price > 200 SMA).
The Construction: Wait for the script to identify the Base High (H1). As the price corrects and begins to recover, you will see Grey Dotted Lines appear, connecting the highs.
The Contraction: Watch for Nested Trendlines. If you see a second or third line form from a lower high (H2, H3), it indicates a tightening of price action (VCP).
Settings Configuration
Moving Averages
21 EMA, 50 SMA, 200 SMA: Built-in reference averages.
Base Settings
H1 Lookback: How many bars back the script looks to find the "Start" of the base (Default: 21). Increase this for longer-term bases.
Sub-High Pivot Bars: Controls the sensitivity of identifying internal highs (handles).
Max Base Depth: If the base drops more than this % (Default: 30%), the structure is considered failed and lines are removed.
Enable Nested Trendlines: Toggle ON to see internal VCP lines (H2, H3). Toggle OFF to see only the main H1 trendline.
Show Only Latest Line: Keeps the chart clean by removing older lines from the same anchor point.
Visuals & Signals
Near/Watch Zone %: Adjust the sensitivity of the Green/Yellow triangles.
Signal Size: Change the size of the triangle markers.
DISCLAIMER
This is an indicator, not a trading system. Apply good risk management and do your own due diligence before putting your hard earned money into anything.
This script is for educational and analytical purposes only. It does not constitute financial advice. Automated pattern recognition has limitations and should always be verified visually.
CS Trendline ProTitle: CS Trendline Pro
Description:
CS Trendline Pro is a comprehensive scalping and day-trading system designed to filter out noise and identify high-probability breakout setups. It combines the structural precision of Fractal Trendlines with a robust Dual-EMA Filter, visualized through an intuitive "Traffic Light" color system.
This tool is specifically engineered for traders who want to trade Trendline Breakouts but need a safety mechanism to avoid false signals (fakeouts) and counter-trend traps.
🚦 How the "Traffic Light" Logic Works
The core feature of this script is the dynamic coloring of the candles, which acts as a visual filter for your entries:
🟢 GREEN Zone (Safe Buy):
Condition: A Bullish Trendline Breakout has occurred AND the price is holding ABOVE the EMA 30 (Yellow Line).
Meaning: Momentum is bullish, and you are in a safe zone to look for Long entries.
🔴 RED Zone (Safe Sell):
Condition: A Bearish Trendline Breakout has occurred AND the price is holding BELOW the EMA 30 (Yellow Line).
Meaning: Momentum is bearish, and you are in a safe zone to look for Short entries.
⚪ GRAY Zone (No Trade / Wait):
Condition: A breakout occurred, but the price is on the "wrong side" of the EMA 30.
Meaning: Indecision. The market structure is conflicting with the immediate momentum. It is recommended to stay out until the color changes.
🛠️ Key Features
** automated Trendlines:** Automatically draws Support and Resistance dynamic trendlines based on pivot points (LuxAlgo engine).
Dual EMA Filter:
EMA 30 (Yellow): Acts as the immediate "Safe Zone" filter.
EMA 200 (White): Displays the macro trend. (Pro Tip: Only take Green signals if price is above the White line).
CS-BUY / CS-SELL Labels: Clear text markers appear exactly when a valid breakout occurs.
Customizable: Adjustable sensitivity (Length), EMA periods, and Slope calculation methods (ATR, Stdev, Linreg).
📉 How to Trade with CS Trendline Pro
For Scalping (5m / 15m):
Identify the Main Trend: Look at the White EMA (200).
If Price > EMA 200 → Focus on BUY signals.
If Price < EMA 200 → Focus on SELL signals.
Wait for the Signal:
Wait for the candle to turn Teal (Green) or Red.
Ensure the candle closes with the new color.
Risk Management:
Place Stop Loss below the recent swing low (for buys) or above the swing high (for sells).
Target a 1.5 Risk/Reward ratio or trail your stop using the EMA 30.
⚠️ Important Note on Backpainting
This indicator uses pivot points to draw trendlines. By nature, a pivot point can only be confirmed after a few bars have passed (Lag).
Backpaint Setting (Default ON): Keeps your historical chart clean by connecting the exact pivot points in the past.
Real-Time Behavior: In live trading, the trendline and signal will appear once the pivot is confirmed (based on your 'Length' setting). This is normal behavior for any trendline script.
Settings Recommended:
5-Minute Chart: Length 10 or 14.
15-Minute Chart: Length 14.
Enjoy trading with precision! ~ CS Trading
PAT [PieTrader]This Pine Script (//@version=6) is an advanced Price Action Toolkit (PAT) – PieTrader, enhanced by the PieTrader community to combine core Smart Money Concepts into one visual framework. It integrates market structure, liquidity sweeps, order blocks, and dynamic trendlines, with customizable settings for flexibility.
Market Structure (Zigzag): The script tracks trend shifts using a configurable zigzag length. Swing highs and lows are recorded, and optional zigzag lines visualise price movement. Structure shifts are highlighted with Change of Character (CHoCH) or Break of Structure (BoS) labels, providing clear signals of directional intent.
Order Blocks: On detecting structure breaks, bullish and bearish order blocks are marked with ATR-based zones. These are drawn as shaded boxes, with user control over how many remain visible. Invalid or broken blocks are automatically removed to keep the chart clean.
Liquidity Sweeps: Pivot highs and lows over a chosen lookback define liquidity levels. These are shown as horizontal lines that switch to dashed style once swept by price. Markers (“x”) identify sweep points, helping traders spot liquidity grabs. To optimise performance, older levels are deleted beyond a fixed storage limit.
Trendlines: Using pivot detection, the system identifies bullish and bearish trendlines. Valid lines with upward or downward slopes are extended in real time, updating dynamically with price. Bullish lines are teal; bearish lines are red.
Additional Features: A watermark option displays “PieTrader” on the chart, and colour themes are fully customizable.
In summary, the PieTrader community’s enhancements make this toolkit a comprehensive visual aid for analysing market structure, liquidity, and trend alignment within a streamlined charting solution.
Options Betting Range - Extended# Options Betting Range - Extended
**Options Betting Range - Extended** is a versatile TradingView indicator designed to assist traders in identifying and visualizing optimal options trading ranges for multiple symbols. By leveraging predefined prediction and execution dates along with specific high and low price points, this indicator dynamically draws trendlines to highlight potential options betting zones, enhancing your trading strategy and decision-making process.
## **Key Features**
- **Multi-Symbol Support:** Automatically adapts to popular symbols such as SPY, IWM, QQQ, DIA, TLT, and GOOG, providing tailored options betting ranges for each.
- **Dynamic Trendlines:** Draws both dashed and solid trendlines based on user-defined prediction and execution dates, clearly marking high and low price boundaries.
- **Customizable Parameters:** Easily configure prediction and execution dates, high and low prices, and timezones to suit your specific trading requirements.
- **Single Execution:** Ensures that each trendline is drawn only once per specified prediction date, preventing clutter and maintaining chart clarity.
- **Clear Visual Indicators:** Utilizes color-coded labels to denote high (green) and low (red) price points, making it easy to identify critical trading levels at a glance.
## **How It Works**
1. **Initialization:**
- Upon adding the indicator to your chart, it initializes with predefined symbols and their corresponding high and low price points for two trendlines each.
2. **Configuration:**
- **Trendline 1:**
- **Prediction Date:** Set the year, month, and day when the trendline should be predicted.
- **Execution Date:** Define the year, month, and day when the trendline will be executed.
- **Timezone:** Choose the appropriate timezone to ensure accurate date matching.
- **Trendline 2:**
- Similarly, configure the prediction and execution dates along with the timezone.
3. **Trendline Drawing:**
- On reaching the specified prediction date, the indicator draws dashed trendlines representing the high and low price ranges.
- Solid trendlines are then drawn to solidify the high and low price boundaries.
- Labels are added to clearly mark the high and low price points on the chart.
4. **Visualization:**
- The trendlines and labels provide a visual framework for potential options trading ranges, allowing traders to make informed decisions based on these predefined levels.
## **How to Use**
1. **Add the Indicator:**
- Open your TradingView chart and apply the **Options Betting Range - Extended** indicator.
2. **Select a Symbol:**
- Ensure that the chart is set to one of the supported symbols (e.g., SPY, IWM, QQQ, DIA, TLT, GOOG) to activate the corresponding trendline configurations.
3. **Configure Trendline Parameters:**
- Access the indicator settings to input your desired prediction and execution dates, high and low prices, and select the appropriate timezone for each trendline.
4. **Monitor Trendlines:**
- As the chart progresses to the specified prediction dates, observe the dynamically drawn trendlines and labels indicating the options betting ranges.
5. **Make Informed Trades:**
- Utilize the visual cues provided by the trendlines to identify optimal entry and exit points for your options trading strategies.
## **Benefits**
- **Enhanced Strategy Visualization:** Clearly outlines potential trading ranges, aiding in the formulation and execution of precise options strategies.
- **Time-Saving Automation:** Automatically draws trendlines based on your configurations, reducing the need for manual chart analysis.
- **Improved Decision-Making:** Provides objective price levels for trading, minimizing emotional bias and enhancing analytical precision.
## **Important Considerations**
- **Timezone Accuracy:** Ensure that the timezones selected in the indicator settings align with your chart's timezone to maintain accurate date matching.
- **Chart Timeframe:** The prediction dates should correspond to the timeframe of your chart (e.g., daily, hourly) to ensure that trendlines are triggered correctly.
- **Visible Price Range:** Verify that the high and low prices set for trendlines are within the visible range of your chart to ensure that all trendlines and labels are clearly visible.
## **Conclusion**
**Options Betting Range - Extended** is a powerful tool for traders seeking to automate and visualize their options trading ranges across multiple symbols. By providing clear, customizable trendlines based on specific prediction and execution dates, this indicator enhances your ability to identify and act upon strategic trading opportunities with confidence.
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Vortex MTFUnderstanding Vortex Indicator (VI)
The vortex indicator was first developed by Etienne Botes and Douglas Siepman who introduced the concept in the January 2010 edition of “Technical Analysis of Stocks & Commodities.” The vortex indicator is based on two trendlines: VI+ and VI-.
What is the Vortex Indicator (VI)?
A vortex indicator (VI) is an indicator composed of two lines - an uptrend line (VI+) and a downtrend line (VI-). These lines are typically colored green and red respectively. A vortex indicator is used to spot trend reversals and confirm current trends.
Vortex Indicator Calculations
The calculation for the indicator is divided into four parts.
1. True range (TR) is the greatest of:
Current high minus current low
Current high minus previous close
Current low minus previous close
2. Uptrend and downtrend movement:
VM+ = Absolute value of current high minus prior low
VM- = Absolute value of current low minus prior high
3. Parameter length (n)
Decide on a parameter length (between 14 and 30 days is common)
Sum the last n period’s true range, VM+ and VM-:
Sum of the last n periods’ true range = SUM TRn
Sum of the last n periods’ VM+ = SUM VMn+
Sum of the last n periods’ VM- = SUM VMn−
4. Create the trendlines VI+ and VI-
SUM VMn+/SUM TRn = VIn+
SUM VMn-/SUM TRn = VIn−
Repeating this process daily forms the VI+ and VI- trendlines.
The traditional application of using VI- and VI+ crossovers can result in a number of false trade signals when price action is choppy. Increase the number of periods used in the indicator to reduce this, for example, using 25 periods instead of 14.
What is MTF?
Multiple Time Frame Analysis is the technique of analyzing several time frames of the same asset before entering a trade. This type of analysis is best done using a top-down approach, i.e. starting at a higher time frame and working your way down, via several lower time frames, until the execution time frame is reached where a trade could be entered. Traders who use this technique usually look at 3 or 4 different time frames to identify the general trend and find the best entries. They minimize their risk and improve the odds of success simply by taking the bigger picture into account. It can easily be combined with any trading strategy.
Time frames are usually several times apart. For example a day trader who trades hourly charts, could analyse the weekly (high time frame), the daily (7 times smaller), the 4 hour (6 times smaller) and finally the hourly time frame (execution time frame, 4 times smaller). TradingView has a chart layout feature with multiple charts per layout, so you can analyse an asset on multiple time frames under one tab in your browser.
Summary
With MTF, you can see the Vortex indicator values for a specific time period without changing the graph time period.
Advanced Liquidity Trading Suite═══════════════════════════════════════
ADVANCED LIQUIDITY TRADING SUITE
═══════════════════════════════════════
A comprehensive institutional trading indicator that identifies key market structure elements used by professional traders.
───────────────────────────────────────
WHAT THIS INDICATOR DOES
───────────────────────────────────────
This tool visualizes multiple institutional trading concepts on a single chart:
- Multi-Timeframe Liquidity Levels - Identifies swing highs/lows where institutional orders may be resting
- Order Blocks - Highlights the last opposing candle before significant price moves
- Dynamic Trendlines - Automatically draws support/resistance channels based on pivot points
- Premium/Discount Zones - Displays price distribution zones relative to swing ranges
- Trading Sessions - Shows Asian, London, and New York session boundaries with their key levels
- Market Structure Breaks - Identifies when price breaks through significant swing points
───────────────────────────────────────
HOW IT WORKS
───────────────────────────────────────
LIQUIDITY LEVELS:
- Uses pivot high/low detection with configurable left/right bar parameters
- Operates on multiple timeframes (HTF for major levels, LTF for precision entries)
- Levels are removed when price sweeps through them (configurable)
- Detection method: Standard pivot point algorithm with customizable sensitivity
ORDER BLOCKS:
- Identifies the last bearish candle before a bullish move (bullish OB)
- Identifies the last bullish candle before a bearish move (bearish OB)
- Uses swing length detection to find institutional accumulation/distribution zones
- Color-coded strength indicators show buying vs selling pressure within each block
- Violation detection using either wick or close-based invalidation
DYNAMIC TRENDLINES:
- Automatically connects pivot points to form trend channels
- Creates parallel channel lines at configurable spacing
- Breaks are detected when price closes through the channel
- Optional gradient fills for visual clarity
PREMIUM/DISCOUNT ZONES:
- Calculates equilibrium price based on swing range
- Premium zone: Upper 50% of range (institutional selling area)
- Discount zone: Lower 50% of range (institutional buying area)
- Equilibrium: Middle zone representing fair value
TRADING SESSIONS:
- Displays time-based session boxes for major market hours
- Tracks session high/low levels
- Shows session overlaps when multiple markets are active
- Fully customizable session times and time zones
───────────────────────────────────────
HOW TO USE
───────────────────────────────────────
SETUP:
1. Enable desired features using the Master Toggle Controls
2. Adjust timeframes for HTF (4H/Daily) and LTF (1H/4H) liquidity
3. Configure colors and display preferences
4. Set up alerts for key events
TRADING APPLICATIONS:
For Trend Trading:
- Use HTF liquidity levels as major support/resistance
- Wait for LTF liquidity sweeps to enter in trend direction
- Monitor dynamic trendlines for trend confirmation
For Reversal Trading:
- Watch for liquidity sweeps beyond HTF levels
- Look for order block formation after sweep
- Enter when price returns to the order block
For Range Trading:
- Trade between premium and discount zones
- Use equilibrium as profit target
- Monitor session highs/lows for intraday ranges
RISK MANAGEMENT:
- Place stops beyond liquidity levels
- Use order blocks for entry refinement
- Exit at premium zones in uptrends, discount zones in downtrends
───────────────────────────────────────
CONFIGURATION GUIDE
───────────────────────────────────────
Master Controls: Toggle features on/off globally
Liquidity Settings:
- Left/Right Bars: Adjust pivot sensitivity
- Display Limit: Number of levels shown
- Mitigation: Remove or show swept levels
- Extension: How far lines extend
Order Blocks:
- Swing Length: Detection sensitivity
- Show Last X: Number of active blocks
- Violation Type: Wick or close-based
- Hide Overlap: Manage overlapping blocks
Trendlines:
- Period: Pivot lookback
- Channel Padding: Distance between lines
- Gradient Fills: Visual enhancement
- Show History: Keep broken trendlines
Sessions:
- Time Settings: Customize session hours
- Time Zone: Adjust for your location
- Days to Show: Historical session display
- High/Low Lines: Session range markers
───────────────────────────────────────
ALERTS
───────────────────────────────────────
Available alert conditions:
- HTF Liquidity Hit (High/Low)
- Order Block Formation (Bullish/Bearish)
- Order Block Violation
- Trendline Formation
- Trendline Break
Configure alerts per your trading strategy requirements.
───────────────────────────────────────
EDUCATIONAL NOTE
───────────────────────────────────────
This indicator is based on institutional order flow concepts. It does not predict future price movements but rather identifies areas where significant market participants may be positioned. Always combine with your own analysis and proper risk management.
The indicator uses standard technical analysis methods (pivot detection, swing analysis, session time filtering) combined into a unified visualization tool.
───────────────────────────────────────
DISCLAIMER
───────────────────────────────────────
This indicator is for educational purposes. Past performance does not guarantee future results. Always conduct your own analysis and manage risk appropriately.
DTB
Dynamic Trendline Bands with Buy/Sell Pressure Detection
This indicator provides a comprehensive analysis of price movements by incorporating smoothed high and low bands, a midline, and the detection of buying and selling pressure. It is designed to help traders identify key support and resistance levels as well as potential buy and sell signals.
**Features:**
- **Smooth High and Low Bands:** Based on the highest high and lowest low over a specified period, smoothed using a simple moving average (SMA) to reduce noise and enhance clarity.
- **Midline:** The average of the smoothed high and low bands, providing a central reference point for price movements.
- **Buying and Selling Pressure Detection:** Highlights candles with significant buying or selling pressure, indicated by light green for buying pressure and light red for selling pressure. This is determined based on volume thresholds and price movement.
- **Trendlines:** Dynamic trendlines are drawn based on recent highs and lows, helping to visualize the current trend direction.
**How to Use:**
1. **High-Low Bands:** Use these bands to identify key support and resistance levels.
2. **Midline:** Monitor the midline for potential mean reversion trades.
3. **Buying/Selling Pressure Candles:** Look for candles highlighted in light green or red to identify potential buy or sell signals.
4. **Trendlines:** Follow the dynamic trendlines to understand the direction of the current trend.
**Inputs:**
- **Length:** Number of bars to consider for calculating the highest high and lowest low (default: 200).
- **Smooth Length:** Period for the simple moving average to smooth the high and low bands (default: 10).
- **Volume Threshold Multiplier:** Multiplier for the average volume to detect significant buying or selling pressure (default: 1.5).
This indicator is suitable for all timeframes and can be used in conjunction with other technical analysis tools to enhance your trading strategy.
RSI-all in one_Pro[vn]👉Hello traders.
Introducing the " RSI all-in-one " Bot that includes the functions:
+ Automatically scan RSI divergence
+ Automatically scan RSI trendlines
+ Create an alert when there is a golden signal (RSI creates a divergence and then breaks its trendline, signaling a trend reversal)
Explain:
During trading when using the indicator "RSI - trendlines - div " in my library on TW web page:
- I have an idea to create a Bot indicator about "Automatically scan RSI divergences and trendlines". Because those are the top strengths when traders use the RSI to forecast trend reversals.
- On each chart of the trading pair, the RSI draws the trendline pair as: uptrendline and downtrendline (closest to the RSI)
- So when the statistics on "Bot" also shows the column of RSI trendlines up and the column of RSI trendlines down
- Column |════🡹\n\ʀꜱɪ| - is the above RSI trendline
- Column |ʀꜱɪ\n\════🡻| - is the below RSI trendline
- When RSI approaches any one of its trendlines and the ratio is 10%, then:
+ in column |✎\n\𝖙.𝖑𝖎𝖓𝖊| Red colored digits (downtrend)
+ in column |𝖙.𝖑𝖎𝖓𝖊\n\✐| blue colored digits (uptrend)
Is the value of the RSI trendline for traders to pay more attention to when it can be the entry and exit points according to the resistance and support nature of the RSI trendlines.
- When the RSI breaks the above trendline, it shows is "🡹", if it is the first candle, at the column |════🡹\n\ʀꜱɪ| it shows as "🡹1|1|1" the cell turns green , that's the RSI signal breaking the line. Its resistance to go up, wait for the candle to close, we can enter "Buy/Long" order.
- When the RSI line breaks below the trendline, it shows is "🡻", if it is the first candle, then at the column |ʀꜱɪ\n\════🡻| it displays as "🡻1|1|1" the cell turns red , that's the RSI signal breaking the line Support to continue down, wait for the candle to close, we can enter "Sell/Short" order
- The parameter when breaking shows 10|10|10, it means that the RSI has broken 10 candles (RSI candles), and the first 10 candles are colored green (bullish) red (bearish) then hidden. (can be changed in settings). In addition, when displaying the parameters of the cell as above, the column |✎\n\𝖙.𝖑𝖎𝖓𝖊| and |𝖙.𝖑𝖎𝖓𝖊\n\✐| will show the percentage from when the RSI break point to the current RSI (closed)
- Column |𝚍𝚒𝚟| is a divergence signal. When the price makes a new high, a new low, and the RSI signals a divergence, it will start to increase the base from the number 1. From here, the Trader will know which trading pair is starting to divergence RSI. Cell is Green bullish divergence, Cell is red bearish divergence
- Column|🆁🆂🅸| is the current RSI .{🟢} RSI above the cloud , {🔴} RSI below the cloud , {⚪️} RSI in the cloud(RSI clouds also indicate very well the support and resistance zone of RSI)
- There are 5 warning functions on this indicator
- The parameter {20:2} is the length of the RSI trendline and combines the same parameters with the "RSI - trendlines - div{vn}" indicator when analyzing
💥 Summary:
Trading methods with this indicator:
+ Trade when there is a divergence
+ Trade when the RSI approaches its trendline (it is the support and resistance line of the RSI)
+ Trade when the RSI breaks the trendline (definitively above or below)
+ Trade when there is a divergence then after a few candles, RSI breaks through its trendline, giving a golden signal.
1 . image
Later(sau đó)
2 . image
Later(sau đó)
Note: The indicator can create up to 40 trading pairs, so traders should choose a super nice signal to enter orders.
-----------------------------------------------------Vietnamese-------------------------------------------------------
👉Xin chào các nhà giao dịch VietNam.
xin giới thiệu Bot "RSI-Tất cả trong một " bao gồm các chức năng:
+ Tự động quét phân kì RSI
+ Tự động quét đường xu hướng RSI
+ Tạo cảnh báo khi có tín hiệu vàng(RSI tạo phân kì và sau đó phá vỡ đường xu hướng của nó báo hiệu đảo chiều xu hướng)
Diễn giải:
- Trong quá trình giao dịch khi dùng chỉ báo "RSI - trendlines - div " trong thư viện của tôi trên trang TW . Tôi có ý tưởng tạo chỉ báo Bot về " Tự động quét phân kì và đường xu hướng của RSI ". Vì đó là những điểm mạnh hàng đầu khi nhà giao dịch sử dụng chỉ báo RSI để dự báo đảo chiều xu hướng.
- Trên mỗi biểu đồ của cặp giao dịch, chỉ báo RSI vẽ cặp trendline là: trendline tăng và trendline giảm (gần với RSI nhất)
- Vì vậy khi thống kê trên " Bot " cũng hiển thị cột của RSI trendlines tăng và cột của RSI trendlines giảm
- Cột |════🡹\n\ʀꜱɪ| - là trendline RSI bên trên
- Cột |ʀꜱɪ\n\════🡻|- là trendline RSI bên dưới
- Khi RSI phá đường xu hướng bên trên thì nó hiển thị là "🡹", nếu là cây nến đầu tiên thì tại cột |════🡹\n\ʀꜱɪ| nó hiển thị là "🡹1|1|1" ô đổi màu xanh , đó là tín hiệu RSI phá vỡ đường kháng cự của nó để đi lên , chờ nến đóng cửa ta có thể vào lệnh "Buy/Long"
- Khi đường RSI phá đường xu hướng bên dưới thì nó hiển thị là "🡻", nếu là cây nến đầu tiên thì tại cột |ʀꜱɪ\n\════🡻| nó hiển thị là "🡻1|1|1" ô đổi màu đỏ , đó là tín hiệu RSI phá vỡ đường hỗ trợ để xuống tiếp , chờ nến đóng cửa ta có thể vào lệnh "Sell/Short "
-Khi RSI tiến gần đến 1 đường trendline bất kì của nó mà tỉ lệ còn 10% thì:
+ tại cột |✎\n\𝖙.𝖑𝖎𝖓𝖊| chữ số tô màu đỏ (trend giảm)
+ tại cột |𝖙.𝖑𝖎𝖓𝖊\n\✐| chữ số tô màu xanh (trend tăng)
Là giá trị của đường trendline RSI để trader chú ý hơn khi đó có thể là điểm vào lệnh và thoát lệnh theo tính chất kháng cự hỗ trợ của RSI trendlines.
-Thông số khi phá vỡ hiển thị 10|10|10 thì hiểu là RSI đã phá vỡ 10 nến(nến RSI), và 10 nến đầu tiên được tô màu xanh(tăng giá) màu đỏ (giảm giá) sau đó được ẩn(có thể thay đổi trong cài đặt). Ngoài ra khi hiện thông số của ô như trên thì cột |✎\n\𝖙.𝖑𝖎𝖓𝖊| và |𝖙.𝖑𝖎𝖓𝖊\n\✐| sẽ hiển thị được số phần trăm tính từ khi điểm RSI phá vỡ đến RSI hiện tại(đóng cửa)
Cột |𝚍𝚒𝚟| là tín hiệu phân kì . Khi giá tạo đỉnh mới, đáy mới mà RSI báo tín hiệu là phân kì thì nó sẽ bắt đầu cơ số đếm từ số 1 tăng dần lên.Từ đây Trader sẽ biết được cặp giao dịch nào đang bắt đầu phân kì RSI. Ô màu xanh là phân kì tăng, ô màu đỏ là phân kì giảm
- Cột| 🆁🆂🅸 | là RSI hiện tại .{🟢} RSI trên mây , {🔴} RSI dưới mây , {⚪️} RSI trong mây(Mây của RSI cũng cho biết rất tốt vùng hỗ trợ, kháng cự của RSI)
- Có 5 chức năng cảnh báo trên chỉ báo này
- Thông số {20:2} là độ dài đường trendline RSI và kết hợp cùng thông số với chỉ báo "RSI - trendlines - div{vn}" khi phân tích
💥 Tổng kết:
Các phương pháp giao dịch với chỉ báo này:
+ Giao dịch khi có phân kì.
+ Giao dịch khi RSI tiếp cận đến đường xu hướng của nó(nó là đường hỗ trợ, kháng cự của RSI).
+ Giao dịch khi RSI phá vỡ đường xu hướng(trên hoặc dưới cách dứt khoát).
+ Giao dịch khi có phân kì sau đó qua vài nến, RSI phá vỡ qua đường xu hướng của nó báo hiệu tín hiệu vàng.
Lưu ý : Chỉ báo tạo được tối đa 40 cặp giao dịch, nên AE trader Việt cứ chọn tín hiệu siêu đẹp để vào lệnh nhé.
PowerHouse SwiftEdge AI v2.10 StrategyOverview
The PowerHouse SwiftEdge AI v2.10 Strategy is a sophisticated trading system designed to identify high-probability trade setups in forex, stocks, and cryptocurrencies. By combining multi-timeframe trend analysis, momentum signals, volume confirmation, and smart money concepts (Change of Character and Break of Structure ), this strategy offers traders a robust tool to capitalize on market trends while minimizing false signals. The strategy’s unique “AI” component analyzes trends across multiple timeframes to provide a clear, actionable dashboard, making it accessible for both novice and experienced traders. The strategy is fully customizable, allowing users to tailor its filters to their trading style.
What It Does
This strategy generates Buy and Sell signals based on a confluence of technical indicators and smart money concepts. It uses:
Multi-Timeframe Trend Analysis: Confirms the market’s direction by analyzing trends on the 1-hour (60M), 4-hour (240M), and daily (D) timeframes.
Momentum Filter: Ensures trades align with strong price movements to avoid choppy markets.
Volume Filter: Validates signals with above-average volume to confirm market participation.
Breakout Filter: Requires price to break key levels for added confirmation.
Smart Money Signals (CHoCH/BOS): Identifies reversals (CHoCH) and trend continuations (BOS) based on pivot points.
AI Trend Dashboard: Summarizes trend strength, confidence, and predictions across timeframes, helping traders make informed decisions without needing to analyze complex data manually.
The strategy also plots dynamic support and resistance trendlines, take-profit (TP) levels, and “Get Ready” signals to alert users of potential setups before they fully develop. Trades are executed with predefined take-profit and stop-loss levels for disciplined risk management.
How It Works
The strategy integrates multiple components to create a cohesive trading system:
Multi-Timeframe Trend Analysis:
The strategy evaluates trends on three timeframes (1H, 4H, Daily) using Exponential Moving Averages (EMA) and Volume-Weighted Average Price (VWAP). A trend is considered bullish if the price is above both the EMA and VWAP, bearish if below, or neutral otherwise.
Signals are only generated when the trend on the user-selected higher timeframe aligns with the trade direction (e.g., Buy signals require a bullish higher timeframe trend). This reduces noise and ensures trades follow the broader market context.
Momentum Filter:
Measures the percentage price change between consecutive bars and compares it to a volatility-adjusted threshold (based on the Average True Range ). This ensures trades are taken only during significant price movements, filtering out low-momentum conditions.
Volume Filter (Optional):
Checks if the current volume exceeds a long-term average and shows positive short-term volume change. This confirms strong market participation, reducing the risk of false breakouts.
Breakout Filter (Optional):
Requires the price to break above (for Buy) or below (for Sell) recent highs/lows, ensuring the signal aligns with a structural shift in the market.
Smart Money Concepts (CHoCH/BOS):
Change of Character (CHoCH): Detects potential reversals when the price crosses under a recent pivot high (for Sell) or over a recent pivot low (for Buy) with a bearish or bullish candle, respectively.
Break of Structure (BOS): Confirms trend continuations when the price breaks below a recent pivot low (for Sell) or above a recent pivot high (for Buy) with strong momentum.
These signals are plotted as horizontal lines with labels, making it easy to visualize key levels.
AI Trend Dashboard:
Combines trend direction, momentum, and volatility (ATR) across timeframes to calculate a trend score. Scores above 0.5 indicate an “Up” trend, below -0.5 indicate a “Down” trend, and otherwise “Neutral.”
Displays a table summarizing trend strength (as a percentage), AI confidence (based on trend alignment), and Cumulative Volume Delta (CVD) for market context.
A second table (optional) shows trend predictions for 1H, 4H, and Daily timeframes, helping traders anticipate future market direction.
Dynamic Trendlines:
Plots support and resistance lines based on recent swing lows and highs within user-defined periods (shortTrendPeriod, longTrendPeriod). These lines adapt to market conditions and are colored based on trend strength.
Why This Combination?
The PowerHouse SwiftEdge AI v2.10 Strategy is original because it seamlessly integrates traditional technical analysis (EMA, VWAP, ATR, volume) with smart money concepts (CHoCH, BOS) and a proprietary AI-driven trend analysis. Unlike standalone indicators, this strategy:
Reduces False Signals: By requiring confluence across trend, momentum, volume, and breakout filters, it minimizes trades in choppy or low-conviction markets.
Adapts to Market Context: The ATR-based momentum threshold adjusts dynamically to volatility, ensuring signals remain relevant in both trending and ranging markets.
Simplifies Decision-Making: The AI dashboard distills complex multi-timeframe data into a user-friendly table, eliminating the need for manual analysis.
Leverages Smart Money: CHoCH and BOS signals capture institutional price action patterns, giving traders an edge in identifying reversals and continuations.
The combination of these components creates a balanced system that aligns short-term trade entries with longer-term market trends, offering a unique blend of precision, adaptability, and clarity.
How to Use
Add to Chart:
Apply the strategy to your TradingView chart on a liquid symbol (e.g., EURUSD, BTCUSD, AAPL) with a timeframe of 60 minutes or lower (e.g., 15M, 60M).
Configure Inputs:
Pivot Length: Adjust the number of bars (default: 5) to detect pivot highs/lows for CHoCH/BOS signals. Higher values reduce noise but may delay signals.
Momentum Threshold: Set the base percentage (default: 0.01%) for momentum confirmation. Increase for stricter signals.
Take Profit/Stop Loss: Define TP and SL in points (default: 10 each) for risk management.
Higher/Lower Timeframe: Choose timeframes (60M, 240M, D) for trend filtering. Ensure the chart timeframe is lower than or equal to the higher timeframe.
Filters: Enable/disable momentum, volume, or breakout filters to suit your trading style.
Trend Periods: Set shortTrendPeriod (default: 30) and longTrendPeriod (default: 100) for trendline plotting. Keep below 2000 to avoid buffer errors.
AI Dashboard: Toggle Enable AI Market Analysis to show/hide the prediction table and adjust its position.
Interpret Signals:
Buy/Sell Labels: Green "Buy" or red "Sell" labels indicate trade entries with predefined TP/SL levels plotted.
Get Ready Signals: Yellow "Get Ready BUY" or orange "Get Ready SELL" labels warn of potential setups.
CHoCH/BOS Lines: Aqua (CHoCH Sell), lime (CHoCH Buy), fuchsia (BOS Sell), or teal (BOS Buy) lines mark key levels.
Trendlines: Green/lime (support) or fuchsia/purple (resistance) dashed lines show dynamic support/resistance.
AI Dashboard: Check the top-right table for trend strength, confidence, and CVD. The optional bottom table shows trend predictions (Up, Down, Neutral).
Backtest and Trade:
Use TradingView’s Strategy Tester to evaluate performance. Adjust TP/SL and filters based on results.
Trade manually based on signals or automate with TradingView alerts (set alerts for Buy/Sell labels).
Originality and Value
The PowerHouse SwiftEdge AI v2.10 Strategy stands out by combining multi-timeframe analysis, smart money concepts, and an AI-driven dashboard into a single, user-friendly system. Its adaptive momentum threshold, robust filtering, and clear visualizations empower traders to make confident decisions without needing advanced technical knowledge. Whether you’re a day trader or swing trader, this strategy provides a versatile, data-driven approach to navigating dynamic markets.
Important Notes:
Risk Management: Always use appropriate position sizing and risk management, as the strategy’s TP/SL levels are customizable.
Symbol Compatibility: Test on liquid symbols with sufficient historical data (at least 2000 bars) to avoid buffer errors.
Performance: Backtest thoroughly to optimize settings for your market and timeframe.
Trendline Cross CountThe Trendline Cross Count indicator is an innovative technical analysis tool that revolutionizes the way traders interact with trendlines. This cutting-edge indicator doesn't just identify trendlines - it quantifies their impact on price action in real-time, providing traders with unprecedented insight into market structure.
Core Functionality:
Trendline Cross Quantification:
At the heart of this indicator is its ability to display the actual number of trendlines being crossed by the current price. The algorithm doesn't just count intersections; it evaluates the significance of each trendline, weighing factors such as trendline duration, number of touch points, and historical reliability.
Dynamic Trendline Generation:
The indicator employs an advanced pivot-based trendline detection system. It continuously scans the chart for significant pivot points and constructs trendlines based on these pivots. The innovation lies in its ability to adapt to changing market conditions, constantly updating its trendline library.
Confluence Analysis:
By tracking multiple trendlines simultaneously, the indicator provides a real-time measure of trendline confluence. This allows traders to identify areas where multiple significant trendlines converge, potentially signaling powerful support or resistance levels.
Key Inputs and Their Significance:
Trendline Source:
This input allows traders to select the price data used for trendline analysis. While the default is the closing price, the flexibility to choose other price points enables traders to tailor the analysis to their specific trading style or market preferences.
Pivot Size:
This crucial parameter defines the lookback period for identifying pivot points. The default value of 3 strikes a balance between sensitivity and reliability, but adjusting this value can dramatically alter the indicator's behavior. Lower values increase sensitivity but may introduce noise, while higher values provide more stable, long-term trendlines.
Pivot Sequence:
This innovative feature allows traders to focus on specific market structures. Options include:
"LL" (Lower Lows): Focuses on downtrends
"HH" (Higher Highs): Emphasizes uptrends
"Any": Provides a comprehensive view of all trendlines
What Makes It Unique:
The Trendline Cross Count indicator stands out due to several groundbreaking features:
Quantitative Trendline Analysis:
While most indicators simply draw trendlines, this tool quantifies their impact, providing a numerical representation of market structure complexity.
Adaptive Pivot Detection:
The indicator's ability to dynamically adjust its pivot detection based on market volatility ensures relevance across all market conditions.
Sequence-Based Filtering:
The unique pivot sequence option allows traders to focus on specific trend types, a feature not found in conventional trendline tools.
Real-Time Confluence Measurement:
By providing a live count of intersecting trendlines, traders gain instant insight into potential support and resistance strength.
Significance Algorithm:
Not all trendlines are created equal. This indicator employs an algorithm to weigh the importance of each trendline, ensuring that the cross count reflects truly significant levels.
This indicator represents a significant advancement in trendline analysis, offering insights that are not readily available through traditional methods. Its ability to quantify trendline interactions in real-time provides traders with a unique edge in understanding market structure and potential price movements. The Trendline Cross Count indicator is not just a tool, but a gateway to a new dimension of technical analysis.
Market Flow Trend Lines & Liquidity [LuxAlgo]The Market Flow Trend Lines & Liquidity indicator is a script that aims to automate key insights such as trend lines, liquidity zones, opening ranges, & gaps on the chart. The aim of this script is to provide a functional breakout trader toolkit with various familiar tools as well as unique capabilities to further improve the user experience.
🔶 USAGE
There are various methods for using the features within this script, even with the included take profit levels users can pre-define.
The dotted lines represent an Opening Range with levels we can use as support & resistance. This opening range can be traded within the levels; however, it can also be used to tell the sentiment of price to see how it reacts to it.
In the image below, we can see after price was holding above the Opening Range whilst printing bullish trendline breakout signals, it made its way to the TP level we enabled from within the indicator to calculate a potential level for taking profits in a breakout trade.
The Market Flow Trend Lines & Liquidity indicator's key feature reside within its multi-timeframe capabilities for the main trendlines, as well as its key zones for potential entries.
In the image above we can see multiple areas where multi-timeframe (1H) trendlines on the 30m chart acted as support & resistance, alongside the Liquidity Zones & Opening Range as optimal points of interest for a breakout trader.
🔶 SETTINGS
🔹 Trendlines
Trendlines Lookback: Determines the frequency of detected tops/bottoms used to construct trendlines.
Slope: Trendlines slope, with higher values returning steeper trendlines.
Timeframe: Trendline timeframe.
🔹 Liquidity Zones
Liquidity Lookback: Determines the frequency of detected tops/bottoms used to construct liquidity zones.
🔹 Take Profits
Take profit settings. Up to 3 ATR based take profits can be enabled, with a numerical setting controlling the ATR multiplier.
🔹 Opening Range
From Time: 15min opening range starting time.
Extend: Extension length of Opening Range lines (in bars).
🔹 Gap Imbalance
Gap Up: Display upward gaps.
Gap Down: Display downward gaps.
🔹 EMA
Show EMA: Displays an EMA on the chart.
EMA Length: Length of the displayed EMA.
🔶 RELATED SCRIPTS
Liquidity Swings
Trendlines with Breaks
Scalp Signals [Premium]This Indicator combines RSI and Movinaverage, to help evaluate the optimal trend.
The RSI signal is displayed with different color zones to reflect the value on the chart. This makes field evaluation more efficient.
This indicator Includes moving averages EMA / SMA and Trendline.
EMA+SMA with a default value of 34/89/200/200 ... User can change value and color as required... As ema and SMA both have the same value that's why only three lines are visible, changing the value will reflect other Moving averages.
Trendline work on breakouts with pivot point-based levels, we introduce an indicator returning pivot point-based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method. The indicator also includes integrated alerts for trendlines breakouts.
Settings:
* Display modes EMA, SMA, TRENDLINE
* Type + Length EMA
* Type + Length SMA
* ADVANCED SETTINGS:
* Length: Pivot points period
* Slope: Slope steepness, values greater than 1 return a steeper slope. Using a slope of 0 would be equivalent to obtaining levels.
* Slope Calculation Method: Determines how this lope is calculated.
* Show Only Confirmed Breakouts: Only shows confirmed breakouts when enabled.
Usage
Any valid trendlines methodology can be used with the indicator, users can identify breakouts in order to infer future price movements.
Break labels highlight breakouts and are delayed by length bars (with the exception of breakouts with the dashed trendlines which are not delayed). By default the indicator shows any breakouts, toggling on "Show Only Confirmed Breakouts" will allow showing only significant ones. Note that this will not affect breakouts with the dashed trendlines.
The calculation method of the slope greatly affects the trendline's behaviors. By default, an average true range is used, returning a consistent slope amongst trendlines. Other methods might return trendlines with significantly different slopes.
Chart Patterns (PRO) [ActiveQuants]Unlock the full potential of chart pattern trading with Chart Patterns (PRO) ! This advanced indicator goes beyond basic detection, offering a comprehensive suite of tools for serious traders. Automatically identify an extensive range of reversal and continuation patterns, complete with projected price targets , visually appealing pattern fills , and a sophisticated multi-status alert system .
How It Works
The indicator employs a sophisticated multi-stage process:
Precision Pivot Detection: At its heart, the indicator identifies significant swing highs and lows (pivot points) using an optimized internal period. These pivots are the fundamental building blocks for all pattern recognition. ( Users can toggle visibility of these pivots ).
Advanced Pattern Recognition Engine: Sequences of these pivot points are meticulously analyzed against a vast library of predefined geometric conditions to identify chart patterns. This includes checks for relative pivot heights/lows, slope analysis of trendlines, and ATR-based proportionality for patterns like Head & Shoulders.
Dynamic Status Tracking & Invalidation:
- Active: A pattern's initial structure is identified (e.g., two tops of a Double Top, or the converging trendlines of a Pennant). The pattern is developing.
- Confirmed: The pattern completes, and price breaks out/down from a key level (e.g., neckline, trendline) in the expected direction. Price targets are plotted upon confirmation.
- Invalidated: If price breaks out/down in the opposite direction of what's expected for an "Active" pattern, or if a new pivot forms that structurally compromises an "Active" Double Top/Bottom or Head & Shoulders before its confirmation, the pattern is marked "Invalid".
Price Target Projection: For confirmed patterns (excluding simple HH/LL structures), the indicator automatically calculates and plots potential price targets based on common technical analysis principles (e.g., pattern height projected from the breakout point).
█ DETECTED CHART PATTERNS
Chart Patterns (PRO) identifies a comprehensive list of 20 patterns, categorized for clarity:
I. Simple Market Structures:
Lower Low (LL): Indicates bearish pressure, potentially forming part of a larger downtrend.
Lower Low & Lower High (LL & LH): Stronger confirmation of a bearish trend.
Higher High (HH): Signals bullish strength, potentially part of an uptrend.
Higher High & Higher Low (HH & HL): Stronger confirmation of a bullish trend.
II. Reversal Patterns:
These patterns typically signal a potential end of the current trend and the beginning of a new one in the opposite direction.
Double Top (DT): Bearish reversal. Two distinct peaks at similar levels.
Double Bottom (DB): Bullish reversal. Two distinct troughs at similar levels.
Head and Shoulders (H&S): Bearish reversal. A central peak (head) flanked by two smaller peaks (shoulders).
Inverse Head and Shoulders (Inv H&S): Bullish reversal. A central trough (head) flanked by two smaller troughs (shoulders).
Rising Wedge From Uptrend (RW From UT): Bearish reversal. Converging trendlines with an upward slant during an uptrend.
Falling Wedge From Downtrend (FW From DT): Bullish reversal. Converging trendlines with a downward slant during a downtrend.
Bearish Ascending Triangle (Reversal): Bearish reversal. A horizontal resistance line with rising support, typically occurring after a downtrend.
Bullish Descending Triangle (Reversal): Bullish reversal. A horizontal support line with falling resistance, typically occurring after an uptrend.
III. Continuation Patterns:
These patterns typically suggest a temporary pause in the prevailing trend, after which the trend is likely to resume.
Rising Wedge From Downtrend (RW From DT): Bearish continuation. An upward-slanted consolidation during a downtrend.
Falling Wedge From Uptrend (FW From UT): Bullish continuation. A downward-slanted consolidation during an uptrend.
Bearish Pennant: Bearish continuation. A small symmetrical triangle (converging trendlines) after a sharp downward move.
Bullish Pennant: Bullish continuation. A small symmetrical triangle (converging trendlines) after a sharp upward move.
Bearish Flag: Bearish continuation. A short, rectangular consolidation (parallel trendlines, often upward sloping) after a sharp downward move.
Bullish Flag: Bullish continuation. A short, rectangular consolidation (parallel trendlines, often downward sloping) after a sharp upward move.
Bearish Descending Triangle: Bearish continuation. Horizontal support and a descending resistance line during a downtrend.
Bullish Ascending Triangle: Bullish continuation. Horizontal resistance and an ascending support line during an uptrend.
█ KEY FEATURES
- Automatic Price Target Projection:
Once a pattern is "Confirmed," a price target is automatically plotted on the chart.
Targets are calculated based on established technical methods, typically measuring the height of the pattern and projecting it from the breakout point.
Includes a label displaying the target price level. Toggle with Show Price Targets .
- Advanced Multi-Status Alerts:
Never miss an opportunity with highly configurable alerts.
Receive notifications when a pattern is:
- Developing (Active): Get an early heads-up.
- Confirmed: Act on breakout signals.
- Invalidated: Re-assess your strategy quickly.
Alerts automatically include the pattern type and its status (e.g., "Double Top - Confirmed ✅").
Additional contextual information included by default: Ticker Symbol, Chart Timeframe, Current Price, and Projected Target Price (for confirmed patterns).
Enable/disable all alerts via the Enable Alerts setting.
- Comprehensive Pattern Validation & Invalidation:
Patterns like Wedges, Triangles, Pennants, and Flags are monitored for breakouts. A breakout in the expected direction confirms the pattern; a breakout in the opposite direction invalidates it.
Double Tops/Bottoms and Head & Shoulders have pre-confirmation invalidation logic: if a new pivot forms that compromises the pattern's structure before the neckline breaks, the pattern is marked "Invalid". This helps filter out weaker setups.
ATR is used internally for proportional checks in patterns like Head & Shoulders, ensuring more reliable formations.
- Superior Visualizations:
Pattern Fills: Wedges, Triangles, Pennants, and Flags are visually enhanced with a semi-transparent fill between their trendlines, making them easy to spot.
Clear Necklines & Trendlines: Critical lines for patterns are drawn clearly.
Distinct Labels: Each pattern receives a main label (e.g., "H&S", "BullP"). Double Tops/Bottoms and H&S also get individual component labels (Top 1/2, Shoulder 1/Head/Shoulder 2).
Customizable Colors: Set distinct colors for bullish and bearish patterns.
- Pattern Display Control:
Toggle visibility for each of the 20 individual pattern types.
Filter displayed patterns by their status: All , Active , Confirmed , or Invalid .
Control historical depth with Show Last History (Bars) .
- Pivot Point Engine:
The indicator uses an optimized internal lookback period for robust pivot detection.
Optionally display these pivot high and low markers on your chart, with customizable colors.
█ USER INPUTS
Visibility and Common Styling
- Show Last History (Bars):
Number of recent bars the indicator will analyze and plot patterns on.
Default: 3000. Min: 10.
- Patterns (Visibility Filter):
Filters displayed patterns based on their status.
Options: All, Active, Confirmed, Invalid.
Default: All.
- Show Price Targets:
Toggles the display of calculated price targets for confirmed patterns.
Default: Enabled.
- Bearish Color:
Sets the color for bearish patterns and their components.
Default: Red.
- Bullish Color:
Sets the color for bullish patterns and their components.
Default: Green.
Pivot Points
- Show Pivot Highs:
Toggles the visibility of detected pivot high markers.
Default: Enabled.
- Show Pivot Lows:
Toggles the visibility of detected pivot low markers.
Default: Enabled.
- Pivot Highs Color:
Color for pivot high markers.
Default: #ff5252 (Reddish).
- Pivot Lows Color:
Color for pivot low markers.
Default: #089981 (Greenish).
Pattern Toggles (Grouped by Type)
- Simple Structures:
Lower Low (Default: Enabled)
Lower Low & Lower High (Default: Enabled)
Higher High (Default: Enabled)
Higher High & Higher Low (Default: Enabled)
- Reversal Patterns:
Double Tops (Default: Enabled)
Double Bottoms (Default: Enabled)
Head and Shoulders (Default: Enabled)
Inverse Head and Shoulders (Default: Enabled)
Rising Wedges From Uptrend (Default: Enabled)
Falling Wedges From Downtrend (Default: Enabled)
Bearish Ascending Triangles (Reversal context) (Default: Enabled)
Bullish Descending Triangles (Reversal context) (Default: Enabled)
- Continuation Patterns:
Rising Wedges From Downtrend (Default: Enabled)
Falling Wedges From Uptrend (Default: Enabled)
Bearish Pennants (Default: Enabled)
Bullish Pennants (Default: Enabled)
Bearish Flags (Default: Enabled)
Bullish Flags (Default: Enabled)
Bearish Descending Triangles (Continuation context) (Default: Enabled)
Bullish Ascending Triangles (Continuation context) (Default: Enabled)
Alerts
- Enable Alerts:
Master switch to enable or disable all alert notifications from this indicator.
Default: Enabled. ( Alert messages are pre-configured to include Pattern Type, Status, Symbol, Timeframe, Price, and Target Price when applicable and confirmed ).
█ UNDERSTANDING PATTERN INVALIDATION
Trendline Patterns (Wedges, Triangles, Pennants, Flags): An "Active" pattern is invalidated if price breaks its trendlines in the direction opposite to the expected breakout before a confirmation occurs. E.g., an Active Bullish Pennant is invalidated if price breaks below its lower trendline.
Neckline Patterns (Double Tops/Bottoms, H&S): An "Active" pattern can be invalidated before a neckline break if a new pivot point forms that violates the pattern's structural integrity.
Example (Double Top): If Top 1, Neckline (P5), and Top 2 form (Active status), but before price breaks below P5, a new swing low forms at or above P5, the Double Top is invalidated. This indicates a failure to break support and potential renewed strength.
█ ALERTS GUIDE
Add the " Chart Patterns (PRO) " indicator to your chart.
Ensure Enable Alerts is checked in the indicator settings.
In TradingView, click the "Alert" icon (clock) in the right toolbar or press ALT + A .
In the "Create Alert" dialog:
- Condition: Select " Chart Patterns (PRO) ".
- For the condition dropdown below it, choose " Any alert() function call ". This will trigger for any alert generated by the script.
- Interval: Choose whatever interval you want the alert to be triggered.
- Expiration: Choose the expiration date.
Customize your alert notification preferences (popup, email, webhook, etc.) and click " Create ".
You will now receive alerts for pattern status changes (Developing, Confirmed, Invalidated) with detailed information.
█ CONCLUSION
The Chart Patterns (PRO) indicator is an indispensable tool for traders aiming to optimize their workflow. By automatically identifying and drawing classical chart patterns, it eliminates the need for manual chart analysis, thereby enabling users to dedicate substantially less time to chart monitoring. Its comprehensive detection, coupled with actionable insights like price targets and a meticulous status tracking system with alerts, provides a significant analytical edge. Automate your pattern recognition and drawing, and concentrate on making informed trading decisions with enhanced efficiency.
█ IMPORTANT NOTES
⚠ Confirmation is Crucial: While "Active" patterns provide early warnings, always await "Confirmed" status (e.g., neckline/trendline breaks) and consider volume and broader market context.
⚠ Non-Repainting Logic: Pattern detection and status updates are based on confirmed price bars and pivot points. Once a pattern is fully formed and its status set (Active, Confirmed, Invalid), it will not repaint its historical state. Initial drawing of "Active" patterns extends to the current bar and updates dynamically.
⚠ Combine with Other Tools: No indicator is a standalone solution. Use Chart Patterns (PRO) in conjunction with other forms of analysis (e.g., fundamental analysis, other indicators, volume analysis) and robust risk management .
⚠ Historical Data: Ensure sufficient historical data on your chart for patterns to form and be detected accurately. The Show Last History (Bars) setting can manage this.
⚠ Lagging Nature: By their very definition, chart patterns are lagging indicators as they require a sequence of price action and several pivot points to complete their formation.
█ RISK DISCLAIMER
Trading involves substantial risk of loss and is not suitable for all investors. The Chart Patterns (PRO) indicator and its generated information are for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Chart patterns and projected targets indicate potential price movements based on historical tendencies but do not guarantee future results. Always conduct your own due diligence, consider multiple factors, and consult with a qualified financial advisor before making investment decisions. Past performance is not indicative of future results.
📈 Happy trading! 🚀
Expansion Triangle [TradingFinder] MegaPhone Broadening🔵 Introduction
The Expanding Triangle, also known as the Broadening Formation, is one of the key technical analysis patterns that clearly reflects growing market volatility, increasing indecision among participants, and the potential for sharp price explosions.
This pattern is typically defined by a sequence of higher highs and lower lows, forming within two diverging trendlines. Unlike traditional triangles that converge to a breakout point, the expanding triangle pattern becomes wider over time, leaving no precise apex for a breakout to occur.
From a price action perspective, the pattern represents a prolonged tug-of-war between buyers and sellers, where neither side has taken control yet. Each aggressive swing opens the door to new opportunities whether it's a trend reversal, range trading, or a momentum breakout. This dual nature makes the pattern highly versatile across market conditions, from exhausted trend ends to volatile consolidation zones.
The custom-built indicator for this pattern uses a combination of smart algorithms and detailed analysis of swing dynamics to automatically detect expanding triangles and highlight low-risk entry points.
Traders can use this tool to capitalize on high-probability setups from shorting near the upper edge of the structure with confirmation, to trading bearish breakouts during trend continuations, or entering long positions near the lower boundary during bullish reversals. The chart examples included in this article demonstrate these three highly practical trading scenarios in live market conditions.
A major advantage of this indicator lies in its structural filtering engine, which analyzes the behavior of each price leg in the triangle. With four adjustable filter levels from Very Aggressive, which highlights all potential patterns, to Very Defensive, which only triggers when price actually touches the triangle's trendlines the indicator ensures that only structurally sound and verified setups appear on the chart, reducing noise and false signals significantly.
Long Setup :
Short Setup :
🔵 How to Use
The pattern typically forms in conditions of heightened uncertainty and volatility, where price swings generate a series of higher highs and lower lows. The expanding triangle consists of three key legs bounded by diverging trendlines. The indicator intelligently analyzes each leg's direction and angle to determine whether a valid pattern is forming.
At the core of the indicator’s logic is its leg filtering system, which controls the quality of the pattern and filters out weak or noisy setups. Four structural filter modes are available to suit different trading styles and risk preferences. In Very Aggressive mode, filters are disabled, and the indicator detects any pattern purely based on the sequence of swing points.
This mode is ideal for traders who want to see everything and apply their own discretion.
In Aggressive mode, the indicator checks whether each new leg extends no more than twice the length of the previous one. If a leg overshoots excessively, the structure is invalidated.
In Defensive mode, the filter enforces a minimum movement requirement each leg must move at least 2% of the previous one. This prevents the formation of shallow, weak patterns that visually resemble triangles but lack substance.
The strictest setting, Very Defensive, combines all previous filters and additionally requires the price to physically touch the triangle’s trendlines before issuing a signal. This ensures that setups only appear when real market interaction with key structural levels has occurred, not based on assumptions or geometry alone. This mode is ideal for traders seeking maximum precision and minimal risk.
🟣 Bullish Setup
A bullish setup within the Expanding Triangle pattern occurs when price revisits the lower support boundary after a series of broad swings typically near the third leg of the formation. This area often represents a shift in momentum, where sellers begin to lose strength and buyers prepare to take control.
Ideally, the setup is accompanied by a bullish reversal candle (e.g. doji, pin bar, or engulfing) near the lower trendline. If the Very Defensive filter is active, the indicator will only issue a signal if price makes a confirmed touch on the trendline and reacts from that level. This significantly improves signal accuracy and filters out premature entries.
After confirmation, traders may choose to enter a long position on the bullish candle or shortly afterward. A logical stop-loss is placed just below the recent swing low within the pattern. The target can be set at or near the upper trendline, or projected using the full height of the triangle added to the breakout point. On higher timeframes, this reversal often marks the beginning of a strong uptrend.
🟣 Bearish Setup
A bearish setup forms when price climbs toward the upper resistance trendline, usually as the third leg completes. This is where buyers often begin to show exhaustion, and sellers step in with strength providing an ideal low-risk entry point for short positions.
As with the bullish setup, if the Candle Confirmation filter is enabled, the indicator will only show a signal when a bearish reversal candle forms at the point of contact. If Defensive or Very Defensive filters are also active, the setup must meet strict criteria of proportionate leg movement and an actual trendline touch to qualify.
Once confirmed, traders can enter on the reversal candle, placing a stop-loss slightly above the recent high. The target can be set at the lower trendline or calculated based on the triangle's full height, projected downward. This setup is particularly useful at the end of weak bullish trends or in volatile market tops.
🔵 Settings
🟣 Logic Settings
Pivot Period : Defines how many bars are analyzed to identify swing highs and lows. Higher values detect larger, slower structures, while lower values respond to faster patterns. The default value of 13 offers a balanced sensitivity.
Pattern Filter :
Very Aggressive : Detects all patterns based on point sequence with no structural checks.
Aggressive : Ensures each leg is no more than 2x the size of the previous one.
Defensive : Requires each leg to be at least 2% the size of the previous leg.
Very Defensive : The strictest level; only confirms patterns when price touches trendlines.
Candle Confirmation : When enabled, the indicator requires a valid confirmation candle (doji, pin bar, engulfing) at the interaction point with the trendline before issuing a signal. This reduces false entries and improves entry precision.
🟣 Alert Settings
Alert : Enables alerts for SSS.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
🔵 Conclusion
The Expanding Triangle pattern, with its wide structure and volatility-driven nature, represents chaos but also opportunity. For traders who can read its behavior, it provides some of the most powerful setups for reversals, breakouts, and range-based trades. While the pattern may seem messy at first glance, it is built on clear logic and when properly detected, it offers high-probability opportunities.
This indicator doesn’t just draw expanding triangles it intelligently evaluates their structural quality, validates price interaction through candle confirmation, and allows the trader to fine-tune the detection logic through adjustable filter levels. Whether you’re a reversal trader looking for a turning point, or a breakout trader hunting momentum, this tool adapts to your strategy.
In volatile or uncertain markets, where fakeouts and sudden shifts are common, this indicator can become a cornerstone of your trading system helping you turn volatility into structured, high-quality opportunities.
DonAlt - Smart Money Toolkit [BigBeluga]DonAlt - Smart Money Toolkit is inspired by the analytical insights of popular crypto influencer DonAlt.
This advanced toolkit integrates smart money concepts with key technical analysis elements to enhance your trading decisions.
🔵 KEY FEATURES:
SUPPORT AND RESISTANCE LEVELS Automatically identifies critical market turning points with significant volume. Levels turn green when the price is above them and red when below, providing a visual cue for key market thresholds.
ORDER BLOCKS: Highlights significant price zones preceding major price movements.
- If the move is down , it searches for the last bullish candle and plots a block from its body.
- If the move is up , it searches for the last bearish candle and creates a block from its body.
These blocks help identify areas of institutional interest and potential reversals.
TRENDLINES: Automatically plots trendlines to identify breakout zones or price accumulation areas.
• Bullish trendlines accumulation form when the current low is higher than the previous low.
• Bearish trendlines accumulation emerge when the current high is lower than the previous high.
• Bullish trendlines Breakout form when the price break above it.
• Bearish trendlines Breakout form when the price break below it.
Volatility Integration: The levels incorporate normalized volatility to ensure only significant zones are highlighted, filtering noise and emphasizing meaningful data.
🔵 WHEN TO USE:
This toolkit is ideal for traders seeking to align with "smart money" strategies by identifying key areas of institutional activity, strong support and resistance zones, and potential breakout setups.
🔵 CUSTOMIZATION:
Toggle the visibility of levels, order blocks, or trendlines to match your trading style and focus.
Colors of the Bull and Bear key features
Extend trendline
Wedge BreakoutThe Wedge Breakout indicator is designed to identify and signal potential breakouts from a wedge pattern, a common technical analysis formation. A wedge pattern typically forms when the price moves within converging trendlines, indicating a potential upcoming breakout either upwards (bullish) or downwards (bearish).
Identifying Pivot Points:
The indicator first calculates pivot points, which are significant highs and lows that define the wedge's upper and lower boundaries.
Pivot Lows: It identifies the lowest price points over a specified length (input_len), which serves as the lower boundary of the wedge.
Pivot Highs: Similarly, it identifies the highest price points over the same length, forming the upper boundary of the wedge.
Drawing Trendlines:
The pivot points are connected to form dashed trendlines that represent the upper and lower boundaries of the wedge.
The indicator uses the SimpleTrendlines library to manage and draw these trendlines dynamically:
Green Trendline: Indicates an upward slope (bullish).
Red Trendline: Indicates a downward slope (bearish).
Calculating the Breakout Conditions:
A breakout is confirmed when the price action fulfills two conditions:
The candle's high exceeds the upper trendline's highest point.
The candle's low drops below the lower trendline's lowest point.
This condition suggests that the price is squeezing within the wedge pattern and is about to break out.
Determining Breakout Direction:
The direction of the breakout is determined by the candle's closing position relative to its opening:
Bullish Breakout (Upward): When the candle closes above its opening price (close > open) after breaching both trendlines, it suggests a bullish breakout. This condition is marked with a green upward triangle .
Bearish Breakout (Downward): When the candle closes below its opening price (close < open) after breaching both trendlines, it suggests a bearish breakout. This condition is marked with a red downward triangle.
Visual Representation:
Green Triangle Up: Plotted below the bar to indicate a potential bullish breakout.
Red Triangle Down: Plotted above the bar to indicate a potential bearish breakout.
Used library:
www.tradingview.com
TrendLine Toolkit w/ Breaks (Real-Time)The TrendLine Toolkit script introduces an innovating capability by extending the conventional use of trendlines beyond price action to include oscillators and other technical indicators. This tool allows traders to automatically detect and display trendlines on any TradingView built-in oscillator or community-built script, offering a versatile approach to trend analysis. With breakout detection and real-time alerts, this script enhances the way traders interpret trends in various indicators.
🔲 Methodology
Trendlines are a fundamental tool in technical analysis used to identify and visualize the direction and strength of a price trend. They are drawn by connecting two or more significant points on a price chart, typically the highs or lows of consecutive price movements (pivots).
Drawing Trendlines:
Uptrend Line - Connects a series of higher lows. It signals an upward price trend.
Downtrend Line - Connects a series of lower highs. It indicates a downward price trend.
Support and Resistance:
Support Line - A trendline drawn under rising prices, indicating a level where buying interest is historically strong.
Resistance Line - A trendline drawn above falling prices, showing a level where selling interest historically prevails.
Identification of Trends:
Uptrend - Prices making higher highs and higher lows.
Downtrend - Prices making lower highs and lower lows.
Sideways (or Range-bound) - Prices moving within a horizontal range.
A trendline helps confirm the existence and direction of a trend, providing guidance in aligning with the prevailing market sentiment. Additionally, they are usually paired with breakout analysis, a breakout occurs when the price breaches a trendline. This signals a potential change in trend direction or an acceleration of the existing trend.
The script adapts this methodology to oscillators and other indicators. Instead of relying on price pivots, which can only be detected in retrospect, the script utilizes a trailing stop on the oscillator to identify potential swings in real-time, you may find more info about it here (SuperTrend toolkit) . We detect swings or pivots simply by testing for crosses between the indicator and its trailing stop.
type oscillator
float o = Oscillator Value
float s = Trailing Stop Value
oscillator osc = oscillator.new()
bool l = ta.crossunder(osc.o, osc.s) => Utilized as a formed high
bool h = ta.crossover (osc.o, osc.s) => Utilized as a formed low
This approach enables the algorithm to detect trendlines between consecutive pivot highs or lows on the oscillator itself, providing a dynamic and immediate representation of trend dynamics.
🔲 Breakout Detection
The script goes beyond trendline creation by incorporating breakout detection directly within the oscillator. After identifying a trendline, the algorithm continuously monitors the oscillator for potential breakouts, signaling shifts in market sentiment.
🔲 Setup Guide
A simple example on one of my public scripts, Z-Score Heikin-Ashi Transformed
🔲 Settings
Source - Choose an oscillator source of which to base the Toolkit on.
Zeroing - The Mid-Line value of the oscillator, for example RSI & MFI use 50.
Sensitivity - Calibrates the Sensitivity of which TrendLines are detected, higher values result in more detections.
🔲 Alerts
Bearish TrendLine
Bullish TrendLine
Bearish Breakout
Bullish Breakout
As well as the option to trigger 'any alert' call.
By integrating trendline analysis into oscillators, this Toolkit enhances the capabilities of technical analysis, bringing a dynamic and comprehensive approach to identifying trends, support/resistance levels, and breakout signals across various indicators.
Trend linesThis script aims to identify and plot trend lines and pivot points on a price chart, with the aim of facilitating technical analysis for trading.
The script allows users to configure a number of parameters including the period for Pivot Points, the maximum number of pivots, and the maximum number of trend lines.
Pivot points (local highs and lows in the price data) are identified using TradingView's built-in pivot high and pivot low functions. The identified pivot points are then stored in arrays. The script also optionally plots these points on the chart.
The main goal of the script is to find and plot trend lines based on the pivot points. For each pair of pivot points, it computes the slope of the line connecting them. If all the other pivot points are below this line (for downward trends) or above this line (for upward trends), the line is considered a valid trend line.
The script also includes a feature that suggests potential "buy" or "sell" points along the trend lines. When the price touches the trend line, a label indicating a potential trading action (buy or sell) is created on the chart.
Sniper 1.0Overview
The tool is a powerful, real-time trendline-based breakout tool enhanced with RSI confirmation and EMA insights. Designed for scalpers and intraday traders, this script blends smart price action with momentum analytics to help identify high-probability breakout opportunities with precision. tool pridict TOP and BOTTOM easily.
User Benefits
Improved Entry Accuracy: Catch TOP and BOTTOM
Trend Confidence: Visual trendlines adapt in real-time based on ATR slopes.
Multi-Timeframe Insights: Analyze lower timeframe breakouts with 15-minute RSI filtering.
Speed & Clarity: Get directional hints with a color-coded EMA.
Flexible Backpainting: Backtest with dynamic trendlines or forward-only for cleaner real-time visuals.
Key Features
Dynamic Trendlines: Automatically plots real-time up/down trendlines using pivot points and ATR slope mechanics.
Breakout Signals with RSI Confirmation: Identifies breakouts when price crosses trendlines and RSI supports the move.
EMA Trend Filter: Highlights trend strength with EMA and signals momentum shifts.
Custom Timeframe RSI Input: Leverage higher or lower timeframe RSI for added signal filtering.
Alert Ready: Set alerts for bullish or bearish breakouts confirmed by RSI.
Options Betting Range - FixedOptions Betting Range
Options Betting Range is a powerful TradingView indicator designed to streamline options trading by visualizing high-probability price ranges for key symbols. With automated trendlines and clear labels, it empowers traders to make precise, data-driven decisions based on customizable prediction and execution dates.
## Key Features
Broad S&P 500 Coverage: Supports most S&P 500 stock symbols, excluding those with insufficient options volume for reliable data, alongside major ETFs and indices like SPY, IWM, QQQ, DIA, TLT, ^GSPC, ^IXIC, ^RUT, ^NDX, and ^SOX.
Automated Trendlines: Plots dashed and solid trendlines to mark high/low price boundaries, triggered only on specified prediction dates for clean, uncluttered charts.
Customizable Inputs: Configure prediction and execution dates to align with your trading strategy.
Clear Visuals: Color-coded labels (green for highs, purple for lows) display price ranges and percentage spreads for rapid decision-making.
Single-Execution Logic: Draws trendlines once per prediction date, ensuring chart clarity and efficiency.
## How It Works
Based on the latest daily open interest data, the indicator calculates swing ranges for different strike dates, drawing trendlines and labels to visualize potential price boundaries for options trading.
## Why Use It?
Streamlined Analysis: Automates range visualization, saving time and reducing manual charting.
Strategic Clarity: Objective price levels minimize emotional bias and enhance trade planning.
Versatile Application: Ideal for day traders, swing traders, and options strategists across multiple markets.
## Tips for Best Use
Regular Updates: To maintain the accuracy of options betting ranges, periodically update the indicator. On the view page, hover over the indicator name and click the blue whirlwind icon to complete the update.
## Get Started
Add Options Betting Range to your TradingView chart, select a supported symbol, and customize your prediction/execution dates. Leverage the visualized price ranges to execute precise options trading strategies with confidence.
