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SBS AlgoHello traders, I am here again with a new and improved indicator. This indicator is based on a pivot breakout algorithm which gives buy and sell signals according to the breakout of trendline. This is an advanced version of another script. It also takes price action into consideration along with some basic indicators like MACD and ADX to give good entry signals. NOTE: This indicator is not designed to take entries completely based on signals it gives. Please use it along with your trading strategy to add more confluence to your trading system and maximize your profits. I hope you guys will like this one too .Enjoy 👍 In case you find any bug, please do report in comment section .Thank you.
Pine Script® göstergesi
a_guy_from_wall_street tarafından
94
Rob Booker - ADX Breakout updated to pinescript V5Rob Booker - ADX Breakout. The strategy remains unchanged but the code has been updated to pinescript V5. This enables compatibility with all new Tradingview features. Additonally, indicators have been made more easily visible, default cash settings as well as input descriptions have been added. Rob Booker - ADX Breakout: (Directly taken from the official Tradingview V1 version of the script) Definition Rob Booker’s Average Directional Index (ADX) Breakout is a trend strength indicator that affirms the belief that trading in the direction of a trend and continuing to follow its pull is more profitable for traders, while simultaneously reducing risk. History ADX was traditionally used and developed to determine a price’s trend strength. It is commonly known as a tool from the arsenal of Rob Booker, experienced entrepreneur and currency trader. Calculations Calculations for the ADX Breakout indicator are based on a moving average of price range expansion over a specific period of time. By default, the setting rests at 14 bars, this however is not mandatory, as other periods are routinely used for analysis as well. Takeaways The ADX line is used to measure and determine the strength of a trend, and so the direction of this line and its interpretation are crucial in a trader’s analysis. As the ADX line rises, a trend increases in strength and price moves in the trend’s direction. Similarly, if the ADX line is falling, a trend decreases in strength and price then enters a period of consolidation, or retracement. Traditionally, the ADX is plotted on the chart as a single line that consists of values that range from 0-100. The line is non-directional, meaning that it always measures trend strength regardless of the position of a price’s trend (up or down). Essentially, ADX quantifies trend strength by presenting in both uptrends and downtrends of the line. What to look for The values associated with the ADX line help traders determine the most profitable trades and where risk lies in the current trend. It is important to know how to quantify trend strength and distinguish between the varying values in order to understand the differences in trending vs. non-trending conditions. Let’s take a look at ADX values and what they mean for trend strength. ADX Value: 0-25: Signifies an absent of weak trend 25-50: Signifies a strong trend 50-75: Signifies a very strong trend 75-100: Signifies an extremely strong trend To delve into this a bit further, let’s assess the meaning of ADX if it is valued below 25. If the ADX line remains below 25 for more than 30 or so bars, price then enters range conditions, making price patterns more distinguishable and visible to traders. Price will move up and down between resistance and support in order to determine selling and buying interest and may then eventually break out into a trend or pattern. The way in which ADX peaks, ebs, and flows is also a signifier of its overall pattern and trend momentum. The line can clearly indicate to the trader when trend strength is strong versus when it is weak. When ADX peaks are pictured as higher, it points towards an increase in trend momentum. If ADX peaks are pictured as lower - you guessed it - it points towards a decrease in trend momentum. A trend of lower ADX peaks could be a warning for traders to watch prices and manage and assess risk before a trade gets out of hand. Similarly, whenever there is a sudden move that seems out of place or a change in trend character that goes against what you’ve seen before, this should be a clear sign to watch prices and assess risk. Summary The ADX Breakout indicator is a trend strength indicator that analyzes price movements relative to trend strength to signal a user when is best for a trade and when is best to manage risk and assess patterns. As long as a trader recognizes strong trends and assesses the risk of each trade properly, they should have no problem using this indicator and utilizing it to work in their favor. In addition, the ADX helps identify trending conditions, but while doing so, also aids traders in finding strong trends to trade. The indicator can even alert traders to specific changes in trend momentum, allowing them to be primed for risk management.
Pine Script® stratejisi
Powerscooter tarafından
14
Pre Market \ Opening Range High LowGreen vertical lines are showing pre market open and then the opening range as the first hour of market NYSE market open Pre market high and low are blue lines | intraday opening range high low are in white Trades are taken in the current direction above | below range breaks with the direction of price action using the moving averages Price breaking through moving averages and a range is the optimal trade to enter - exit at next range for target - stop loss below the lower | higher moving average depending on short or long A break above or below the intraday high or low and pre market high or low can give massive profits trailing your stop loss as price runs Using MA 5 and 12 to filter out entries and exits above or below the ranges short or long is also another strategy to implement BEST TIME FRAME TO USE IS 5 MINUTE
Pine Script® göstergesi
LucrorStrategies tarafından
6
Support/Resistance With Breaks & Bounces [MyTradingCoder]This script uses the built-in pivothigh/pivotlow functions to find and identify new levels of basic support and resistance. The script will also automatically identify the first occurrence of a bounce/rejection off the most recent green/red line as well as automatically identify the first occurrence of a breakout of the most recent green/red line. This is a very basic, but effective indicator that is well written, and open source for anyone to learn from or build off of. All details needed to understand how to use the script are listed below. Enjoy! Customizable inputs: - Option to change how pivot points are calculated('candle body' or 'candle wicks') - Option to change the sensitivity of the pivots(leftbars and rightbars linked) - Option to change the line width Available Alert Options: - Red Line Breakout - Red Line Bounce/Rejection - Green Line Breakout - Green Line Bounce/Rejection User Manual: - All calculations are done on the last update of the bar(candle close) - Only 1 breakout will be allowed per line - Only 1 rejection will be allowed per line - If the text is red, then the signal is related to the 'red line', if the text is green, then the signal is related to the 'green line' - The code is open source, and is programmed using arrays/loops out of the gate, despite not needing to do so. This allows for easy modifications to the scripts behavior while keeping the functionality without it breaking. - Pivot Rightbars is hardcoded to the same value for leftbars(leftbars = sensitivity). Uncomment the input for right_bars if you want the ability to change the rightbars independently from the leftbars - When a new line is identified, the old one will stop updating, and no longer be considered for breakout/rejections. This can be changed with a bit of pine knowledge by performing some slight modifications to the code. - When a new line is drawn, the old line will move backwards a little bit for cleanliness/clarity purposes - If you have any questions/comments/requests/concerns please leave them down in the comments below - Don't forget to leave a like if you find this script useful
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JacobMagleby tarafından
7
Bjorgum Key Levels Key Levels Aims to capture 3 of the most significant points in price action Breakouts False Breakouts (Traps) Back Checks These 3 points ​​alone, if properly identified, can be some of the most significant points of movement in the price history of an asset and bring significant gains to traders, if capitalized on. Here are a few examples of these setups Breakouts Breakouts can bring significant rallies as the market swings one sided after key levels are breached. This entry type can bring large trending runs to follow. Momentum is on your side, but the trade off is a higher entry. False Breakouts Also known as a bull trap or a bear trap, false breaks can lead to swift and significant reversals and potential for a large and sudden move to the opposite side. When a key level breakout fails to hold, parties entering to capitalize on the "epic breakout" can get left holding the bag forcing them to exit at a loss, which can double the force of pressure. Traps can bring swift gains from good entry prices. However, price is still in a larger trend against you so momentum is weak, so price action is susceptible to roll over. Backchecks Back checks are pull backs in trend that find middle ground to the 2 areas already described. Both momentum and entry price are decent, but risk is defined as a key level has flipped offering entry with stops below demand, or above supply. Combining these 3 methods helps to diversify risk, understand trend development, and bring steady gains. This script helps to identify these points to traders with analysis of key levels, price structure, and trend direction, while providing visual signals and alerts for when they occur. Best of luck in your coding and trading and thank you for your support
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Bjorgum tarafından
542
Newton theory (Bollinger Band Breakout)Initial capital 1000 USD Order size 10% Commission 0.3% with slippage Timeframe 4h This is Simple Bollinger Band Trend find out strategy. I'm using the usual trailing offset as an exit for this strategy. using 1x leverage to go long short within 3years backtest result more then 200% for all usd pair. in next version i will try to find out more optimize sma,std,sl,tp parameter by using freqtrade hyperparameter optimization. Happy Trading :)
Pine Script® stratejisi
bullbuy tarafından
5
False BreakoutA false breakout is when the price temporarily moves above or below a key support or resistance level, but then later retreats back to the same side as it started. The “False Breakout” indicator reveals false breakouts in comparison to the previous candle. In case we're looking to trade the stock for long this would mean that the price of the stock broke the previous low (support) and then got back above that low. In case we're looking to trade the stock for short then a false breakout would mean the stock broke the previous high (resistance) and then got back below that high. How to use the indicator? First choose the direction you're looking to trade, meaning either long or short. Then choose how strict you want to be about the Falls brakes. There are three options: The first option named “All“ means that it's enough that the stock broke the previous level and then get back to the original side. The second option is “Supporting Change” meaning not only that the stock broke the previous key level (support or resistance), but also the change at the end of the candle is supporting the main direction - meaning the change is positive for long or negative for short. The third option is “Engulfing”. This is a well-known candle, but to make it clear, in our case “Engulfing” means that not only the stock broke the previous level but it also ended the day on the other side of the candle - higher than the previous high, in case of long, and lower than the previous low, in case of short. When you choose the level of strictness you determine how many indications you're going to get on the chart. If you choose the highest level of strictness, meaning “Engulfing”, you would only see the red flags indicating engulfing candles. If you choose the lowest level of strictness, meaning “All”, you will get more indications on your chart, including every false breakout. When the direction you're looking for is long, all indications would appear below the candles. When the direction you're looking for is short, then all indications would appear above the candles. The Engulfing candles are represented by Red flags, and the Simple breakouts candles are represented by yellow. All colors may be adjusted to your preference. Explaining the example above: In the chart above we can see two consolidations. At the end of each consolidation, we can see a candle with an indication from the indicator that points out that this could be the end of the consolidation and the stock might continue its move. In “consolidation 1” we can see that there is an orange flag below the candle right before the stock began to move up again. In “consolidation 2” we can see that there is a red flag below the candle, right before the stock began another move. Wishing you all the best :)
Pine Script® göstergesi
yehonatan.bus tarafından
7
Soldiers Pattern ModifiedThis can be perceived as modified 3 soldiers, relaxed NR4 or even extended harami candlestick pattern. Works for any instrument and any timeframe. The idea is to find out any number of candles having their individual highs and lows, all within high and low range of base candle. The count of soldiers and if they must be of same color, both can be configured. Additional configurable settings is to add further check of having body of soldiers as well within body of base candle. Trading strategy: Trade high or low breakout of base candle, having other as stop loss, for a risk reward ratio of 1:2.
Pine Script® stratejisi
SushilKothawade tarafından
Force IndexWhat is the force index ? The force index is an oscillator used to confirm price breakout strengths and identify potential trends. It was popularized by A. Elder. How the force index is computed ? Knowing that volume is the fuel of a price movement, reliable breakouts and trend continuation are more likely to occur on high volume breakouts. This is why the force index is computed with the intensity of the price movement, and it's volume , using the formula ema13((close(n) - close(n-1)) * volume ) . How to use the force index An important change in the force index indicate a strong momentum in the price action. You can read more about the force index interpretation on Investopedia Customization You can display the indicator as an histogram, or as a line chart. You can change EMA length, although it's recommended to keep it at default value.
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bricevalentin tarafından
1
CME Equity Futures Price Limits Breakers for CME's futures contracts. Should work on CST/EST/UTC charts. CME says it uses the last 30 seconds of the session to grab a reference price, so I took the open of the last session's candle because it's easier. Out of session breakers: +/-5% Limit downs: -7%/-13%/-20% There are some minor nuances for the later part of the NY session but I don't really care to add that in right now. Options: - Input a manual reference price to override the selected price for accuracy. - Show only the current/last session's limits. This breaks the in session limit down lines. Live prices: www.cmegroup.com Month codes: www.cmegroup.com Reference: www.cmegroup.com It's best to check the last updated reference price to ensure it's correct.
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NeoButane tarafından
3
Seismic Market Spike Detector v1.0 Seismic Market Spike Detector v1.0 This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices. This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an insight into the current volatility of the price at that time in the market. Quite often big price swings with in bars are missed as people pend to tunnel vision on the open or close price - or other indicators derived from open / close. The Red line is similar to the blue bar as it depicts extreme price movements with in the bar , but it will show the direction the market moved in by the close of the bar - and relatively how much the market moved. This is helpful for spotting breakout price action or short term spikes. Quite often after a breakout the market will restore itself to an equilibrium in the opposite direction. Sometimes this happens with an opposing aggressive spike , some times it makes a steady return to a known price level. Either way its a great time to place entry orders if you are looking to turn a fast profit or alternatively a good warning of forth coming price volatility. Here are some tips for analysing the red and blue lines : 1)If the red line is pointing upwards , this indicates a sharp rise in the price. 2)If the red line is pointing downwards , this indicates a sharp fall in the price. 3)If the red line is flat but the blue line is spiked in either direction - this indicates the price was volatile with in the bar , but the price closed relatively near to the surrounding price bars. Perhaps a limit / stop triggered by this kind of activity - this is an easy way to determine why and re-enter. 4)If the red and the blue lines are flat - the price is steadily moving with a trend or trading sideways in a confined range.
Pine Script® göstergesi
MichaelWithersOne tarafından
3
Volume MA Breakout T3 [Teyo69]🧭 Overview Volume MA Breakout T3 highlights volume bars that exceed a dynamic moving average threshold. It helps traders visually identify volume breakouts—periods of significant buying or selling pressure—based on user-selected MA methods (SMA, EMA, DEMA). 🔍 Features Volume Highlighting: Green bars indicate volume breakout above the MA; red bars otherwise. Custom MA Options: Choose between SMA, EMA, or Double EMA for volume smoothing. Dynamic Threshold: The moving average line adjusts based on user-defined length and method. ⚙️ Configuration Length: Number of bars used for the moving average calculation (default: 14). Method: Type of moving average to use: "SMA" - Simple Moving Average "EMA" - Exponential Moving Average "Double EMA" - Double Exponential Moving Average 📈 How to Use Apply to any chart to visualize volume behavior relative to its MA. Look for green bars: These suggest volume is breaking out above its recent average—potential signal of momentum. Red bars indicate normal/subdued volume. ⚠️ Limitations Does not provide directional bias—use with price action or trend confirmation tools. Works best with additional context (e.g., support/resistance, candle formations). 🧠 Advanced Tips Use shorter MAs (e.g., 5–10) in volatile markets for more responsive signals. Combine with OBV, MFI, or accumulation indicators for confluence. 📌 Notes This is a volume-based filter, not a signal generator. Useful for breakout traders and volume profile enthusiasts. 📜 Disclaimer This script is for educational purposes only. Always test in a simulated environment before live trading. Not financial advice.
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Teyo69 tarafından
London Breakout PRO – By Maa Sharda Trading📈 London Breakout PRO (MAA SHARDA TRADING) – Indicator Description for TradingView Introducing: London Breakout PRO – The Advanced Breakout Tool for Gold & Forex! Unlock the real power of London session trading with this next-generation indicator. Specially designed for serious traders, this tool combines classic London Breakout logic with EMA Trend Confirmation and an optional Volume Filter to eliminate fake breakouts and boost your accuracy. How It Works: Session Box: Automatically marks the first session candle (default: 1H for London Open). Breakout Signal: Gives only one clean BUY/SELL signal each day – only when the candle breaks out above/below the session box. Trend Filter: Signals fire only when price is above (BUY) or below (SELL) the EMA 20, ensuring you always trade with the trend. Volume Confirmation: (Optional) Signals only if breakout happens with volume higher than the last 10 candles’ average, so you avoid low-liquidity fakeouts. Ultra-Clean Chart: No repainting, no clutter, just pure breakout action. Key Features: ✅ Works on any timeframe (M15, M30, H1 best for Gold/XAUUSD & FX) ✅ Fully customizable session start time and box duration ✅ One breakout signal per day – no overtrading, no noise ✅ Trend & volume filters for high-probability setups ✅ Easy visual backtesting – perfect for serious traders and strategy builders Recommended Settings for GOLD (XAUUSD): Timeframe: 1 Hour (H1) – best accuracy & lowest noise Session Start (IST): 11:30 AM (London Open) Box Length: 1 Candle (1 Hour) EMA Length: 20 Volume Filter: On (for strong confirmations) How To Use: Wait for London session box to form at your set time. Trade only when price closes above (BUY) or below (SELL) the box and EMA 20 & volume filters are satisfied. Place SL at the opposite side of the box. Target 1:1 or let profits run with trailing stop. Avoid trading during high-impact news events for even better results. Pro Tip: Backtest on H1 and combine with major support/resistance for the highest win-rate. Use with proper risk management for best results! Disclaimer: Trading involves risk. This indicator is for educational purposes only. Test thoroughly before live trading. #LondonBreakout #XAUUSD #BreakoutStrategy #EMAConfirmation #VolumeFilter #TradingView #ForexIndicator #IntradayTrading
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MaaShardaTrading tarafından
3
MNQ 3m Momentum BreakoutThis MNQ 3-minute momentum breakout strategy identifies high-probability trades in the direction of the 1-hour trend, enters with 2 contracts on breakouts, and intelligently scales out after reaching an ATR-based profit target. The remaining position is managed with a trailing stop or closed after a timeout. **Entry Logic:** * **Long:** Price breaks above 20-bar high **and** 1H trend is up (EMA 200 + MACD > 0) * **Short:** Price breaks below 20-bar low **and** 1H trend is down **Position Management:** * **Start:** Enter with 2 contracts * **Scale out:** Close 1 contract after reaching ATR-based profit trigger * **Final exit:** Trailing stop or timeout (30 bars) **Filters:** * Multi-timeframe EMA + MACD for trend confirmation * 3-minute chart for high-frequency entries with precision
Pine Script® stratejisi
The_Abramo tarafından
4
Trend Breakout Description: This Pine Script indicator identifies pivot high and pivot low points based on user-defined left and right candle legs, detecting breakouts to signal potential trend changes. It plots horizontal lines at pivot highs (lime) and pivot lows (red), marking breakout signals with labels ("Br") when the price crosses above a pivot high or below a pivot low. The indicator also changes the background color to reflect the trend (green for uptrend, red for downtrend) with adjustable transparency. The indicator primarily focuses on recognizing specific pivot patterns to define trends and generate trading signals. How It Works • Pivot Detection: Identifies pivot highs and lows using configurable left (Left side Pivot Candle) and right (Right side Pivot Candle) periods. • Pivot Highs (PH): A pivot high is identified when a candle's high is greater than a specified number of preceding candles (left leg) and succeeding candles (right leg). • Pivot Lows (PL): Similarly, a pivot low is identified when a candle's low is less than a specified number of preceding and succeeding candles. The script then tracks the last three pivot highs and pivot lows. Trend Detection and Breakouts 1. High Line (Resistance): When a middle pivot high (out of the three tracked) is higher than both the previous and the next pivot high, a lime green line is drawn from that pivot high. This line acts as a dynamic resistance level. 2. Low Line (Support): Conversely, when a middle pivot low is lower than both the previous and the next pivot low, a red line is drawn from that pivot low. This line acts as a dynamic support level. ________________________________________ Trading Signals : The indicator generates signals based on price crossing these dynamically drawn lines . • Long Signal (Uptrend): o A "Long" signal is triggered when the close price crosses above the current high line (resistance), and the indicator is not already in an uptrend. o When a long signal occurs, the background turns green, and the high line becomes dotted and thinner. A "Br" (Breakout) label appears below the candle. • Short Signal (Downtrend): o A "Short" signal is triggered when the close price crosses below the current low line (support), and the indicator is not already in a downtrend. o When a short signal occurs, the background turns red, and the low line becomes dotted and thinner. A "Br" (Breakout) label appears above the candle. ________________________________________ Customizable Settings The indicator provides three user-adjustable inputs: • Right Side Pivot Candle (fpivotLeg): This setting (default 10) determines the number of candles to the right that must have lower highs/higher lows for a pivot to be confirmed. • Left Side Pivot Candle (bpivotLeg): This setting (default 15) determines the number of candles to the left that must have lower highs/higher lows for a pivot to be confirmed. • Adjust Color Visualization (Colortrnp): This setting (default 85) controls the transparency of the background color changes, allowing you to adjust how prominently the green (uptrend) and red (downtrend) backgrounds are displayed. ________________________________________ How to Use It This indicator can be used by traders to: • Identify potential reversals: The formation of new pivot highs and lows can signal shifts in market direction. • Spot breakout opportunities: Crossing above the high line or below the low line can indicate the start of a new trend or the continuation of an existing one. • Confirm trend strength: The presence and extension of the high and low lines can provide visual cues about the prevailing trend. • Ideal for swing traders or trend-following strategies. • Use the breakout labels ("Br") and background color to confirm trend direction. • Adjust pivot leg inputs to fine-tune sensitivity for different timeframes or assets. • Customize transparency to suit chart readability. Example: On a breakout above a pivot high, a green "Br" label appears, the background turns green, and the pivot line becomes dotted. This signals a potential uptrend, helping traders identify entry points or trend confirmations. Disclaimer: No indicator guarantees profits. Always use this indicator in conjunction with other analysis methods and proper risk management.
Pine Script® göstergesi
Trend_MyFrend tarafından
1
Support and Resistance Levels with BreaksThis indicator identifies dynamic support and resistance levels using pivot point analysis and provides clear trading signals when these levels are broken with volume confirmation. Enhanced version with improved signal clarity for better trading decisions. ## 🔧 Key Features ### Support & Resistance Detection - Automatically identifies key pivot high and low levels - Draws clear visual lines (red for resistance, blue for support) - Configurable sensitivity with left/right bar settings ### Enhanced Trading Signals - **BUY** signals when resistance is broken with volume confirmation - **SELL** signals when support is broken with volume confirmation - **Bull Wick** alerts for potential reversals at resistance - **Bear Wick** alerts for potential reversals at support ### Volume Confirmation - Built-in volume oscillator using 5 and 10-period EMAs - Filters out low-volume false breakouts - Adjustable volume threshold (default: 20%) ### Complete Alert System - Support Broken alerts - Resistance Broken alerts - Bull Wick reversal alerts - Bear Wick reversal alerts ## ⚙️ Settings - **Show Breaks**: Toggle signal display - **Left Bars**: Pivot detection lookback (default: 15) - **Right Bars**: Pivot detection lookforward (default: 15) - **Volume Threshold**: Minimum volume increase for valid signals (default: 20%) ## 📈 Best For - Swing trading strategies - Breakout confirmation - Support/resistance trading - Volume-based entry signals ## 🔍 How It Works 1. Identifies pivot highs/lows using configurable periods 2. Calculates volume oscillator for confirmation 3. Generates BUY signals on resistance breaks with volume 4. Generates SELL signals on support breaks with volume 5. Detects wick patterns for potential reversals ## 📋 Updates in This Version - Enhanced BUY/SELL signal clarity (replaced generic "B" labels) - Added Bull Wick and Bear Wick alert conditions - Updated to Pine Script v6 compatibility - Improved signal filtering and accuracy ## ⚠️ Disclaimer This indicator is for educational and informational purposes only. Always conduct your own analysis and risk management before making trading decisions. Past performance does not guarantee future results. --- **Original Script**: "Support and Resistance Levels with Breaks" by LuxAlgo **License**: CC BY-NC-SA 4.0 **Enhanced by**: profitgang **Version**: Pine Script v6
Pine Script® göstergesi
profitgang tarafından
1
Intraday BUY/SELL & AUTO SL (5-min timeframe only) by chaitu50c)Intraday BUY/SELL & AUTO SL (5-min timeframe only) by chaitu50c This indicator provides intraday traders with BUY/SELL reversal signals and automated SL (Stoploss) tracking, based on a 3-candle reversal block logic — designed to work exclusively on the 5-min timeframe. Key Features: • 3-Candle Reversal Logic — Signals are generated when a defined 3-candle reversal pattern is detected (body-close breakout). • Current Session Only — All signals and SL lines are valid only for the current session and automatically reset at session start. • BUY/SELL Signal Labels — Visual ▲ and ▼ labels mark valid reversal signals on the chart. • Dynamic Auto SL Lines — Plots dashed SL lines based on the reversal block's low/high. • SL HIT Tracking — If SL is broken, the line stops extending and a ‘SL HIT’ label is displayed at the midpoint of the SL line. • Adjustable Visual Settings — Customize signal label size, SL line width, colors, and more. • Clean & Lightweight — Optimized for intraday use without cluttering the chart. How to Use: You can trade this indicator in two ways: 1. Direct Signal Entry — Take a BUY or SELL trade when a valid ▲/▼ reversal signal forms. 2. SL HIT Re-entry — If an existing SL line is broken and ‘SL HIT’ appears, you can optionally take an opposite side trade in the direction of the SL HIT. Example: A BUY signal is generated and an SL line is plotted below. If price breaks the SL (SL HIT appears), you may consider entering a SELL trade at that point — as it indicates weakness. Important Notes: • Works only on 5-min timeframe — Set your chart to 5-min for correct behavior. • Designed for intraday trading — all signals and SL levels reset at session start. • Does not carry signals between sessions. • SL lines and HIT labels provide a clear and simple visual aid for trade management. ---
Pine Script® göstergesi
chaitu50c tarafından
42
ORB Breakout Indicator - NQ1!The purpose of this indicator is to assist traders in rapidly identifying high-probability Opening Range Breakout (ORB) setups on the NQ1! 1-minute time frame (Nasdaq Futures) Key Features: Opening Range: Automatically plots the high and low of the 1st 15min of the (NYSE session) (09:30–09:45 EST) Breakout Signals : Illustrates the first candle that breaks upward or downward and: Green arrow for a bullish breakout Red arrow for a bearish breakout Clean Visuals: Dynamic lines show the high and low of the ORB window for easy reference. (DON'T USE THIS ONLY FOR ENTRY SIGNALS, PAIR THIS WITH OTHER INFLUENCES TO GET HIGH PROBABILITY BREAKOUTS)
Pine Script® göstergesi
sandunmathers tarafından
2
BOS mark-out (by Lumiere)Advanced BOS Detection with Strict Swing Confirmation This indicator implements BOS detection with several unique features: 🔹 Dual-Candle Swing Validation - Unlike most BOS indicators that use single candle swings, this uses a two-candle confirmation for swing highs/lows, analyzing both the candle wicks and body transitions. 🔹 Directional Lock System - Implements a state machine that prevents duplicate signals until an opposite-direction BOS occurs, reducing noise. 🔹 Precision Wick Analysis - Compares wicks between the reversal candle and confirmation candle to identify the true swing point. 🔹 Real-Time Update & Live Market Adaptation – The indicator continuously monitors price action and instantly updates BOS signals as new candles form, ensuring you never miss a BOS. How It Differs From Other BOS Indicators: Most public BOS indicators use simple HH/HL or LH/LL detection. Many don't implement the directional locking mechanism. Few use the two-candle wick comparison approach. Wick-Based Precision uses the extreme wicks of two candles (not just the body). Strict Confirmation requires a close beyond the swing point (no "wick breaks" counted). Usage Examples: 🟦 Bullish BOS: A green candle closes, followed by a red candle. This will be the new high, and if the next candle closes above the highest wick of those two, it will be a BOS (only if we had a bearish BOS before) 🟥 Bearish BOS: A red candle closes, followed by a green candle. This will be the new low, and if the next candle closes below the lowest wick of those two, it will be a BOS (only if we had a Bullish BOS before)
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Lumiere-Stocks tarafından
5
Intra_Candle_Welding by Chaitu50cIntra Candle Welding by Chaitu50c This is a professional price action–based indicator designed to automatically detect and visualize *intra-candle reversal zones* using simple yet powerful logic. It highlights price levels where two consecutive opposite candles meet with a high probability of short-term market reaction. Concept The indicator identifies potential intraday support and resistance levels based on the "Intra Candle Welding" concept: when the close of one candle is very close to the open of the next candle, and the two candles have opposite directions (bullish followed by bearish, or bearish followed by bullish). These levels often attract market attention due to order flow imbalance created during such transitions. How It Works 1. The indicator continuously monitors each new candle and checks if the current open is approximately equal to the previous close, within a configurable buffer. 2. It further ensures that the two candles form an opposite pair (green→red or red→green). 3. When a valid pair is detected, the indicator checks for existing active lines near this level. If no active line exists within the defined tolerance, it draws a new horizontal line at the detected level. 4. Each line is classified as either a potential resistance (from green→red pair) or support (from red→green pair). 5. Lines automatically extend rightward and update with each bar. If price breaks through the line beyond a configurable break buffer, the line stops extending and is visually marked as "broken." 6. The indicator intelligently manages the maximum number of lines on the chart by deleting the oldest ones when the limit is exceeded. Use Case Traders can use this tool to identify short-term reaction zones and potential intraday turning points. The highlighted levels act as temporary support and resistance areas where price frequently reacts. It is especially useful in fast-moving or volatile markets such as index futures or liquid stocks. Features * Automatically detects intra-candle reversal zones. * Classifies zones as support (bottom) or resistance (top). * Automatically updates and breaks lines when invalidated by price action. * Adjustable parameters for flexibility: * Equality Buffer * Max Lines to Keep * Line Suppression Tolerance * Initial Extend Bars * Break Buffer * Line colors, widths, and styles (active and broken states) * Efficient memory handling with capped line count. * Minimalist and clean visual representation, suitable for overlay on any chart. Recommended Settings * Works best on intraday timeframes (1 min to 15 min). * Tune the Equality Buffer and Tolerance parameters based on instrument volatility. * Use conservative Break Buffer to avoid premature line invalidation. Disclaimer This is a tool to support discretionary trading decisions. It is not a standalone buy/sell signal generator. Users are advised to combine it with their own market context and risk management framework. This indicator is released for the TradingView community for educational and practical trading use. ---
Pine Script® göstergesi
chaitu50c tarafından
Low Volatility Breakout Detector)This indicator is designed to visually identify potential breakouts from consolidation during periods of low volatility. It is based on classic Bollinger Bands and relative volume. Its primary purpose is not to generate buy or sell signals but to assist in spotting moments when the market exits a stagnation phase. Arrows appear only when the price breaks above the upper or below the lower Bollinger Band, the band width is below a specified threshold (expressed in percentage), and volume is above its moving average multiplied by a chosen multiplier (default is 1). This combination may indicate the start of a new impulse following a period of low activity. The chart background during low volatility is colored based on volume strength—the lower the volume during stagnation, the less transparent the background. This helps quickly spot unusual market behavior under seemingly calm conditions. The background opacity is dynamically scaled relative to the range of volumes over a selected period, which can be set manually (default is 50 bars). The indicator works best in classic horizontal consolidations, where price moves within a narrow range and volatility and volume clearly decline. It is not intended to detect breakouts from formations such as triangles or wedges, which may not always exhibit low volatility relative to Bollinger Bands. Settings allow you to adjust: Bollinger Band length and multiplier, Volatility threshold (in %), Background and arrow colors, Volume moving average length and multiplier, Bar range used for background opacity scaling. Note: For reliable results, it’s advisable to tailor the volatility threshold and volume/background ranges to the specific market and timeframe, as different instruments have distinct dynamics. If you want the background color to closely match the color of breakout arrows, you should set the same volume analysis period as the volume moving average length. Additional note: To achieve a cleaner chart and focus solely on breakout signals, you can disable the background and Bollinger Bands display in the settings. This will leave only the breakout arrows visible on the chart, providing a clearer and more readable market picture.
Pine Script® göstergesi
Uncle_the_shooter tarafından