Pivot BreaksThere are built-in and published Pivot Point High Low indicators in Public Library. As far as I see none of them show the breaking candles or the trend.
with the closing price crossing over the previous / current pivot high A bearish breakOut can either indicate the progression of a lower high pattern or a trend reversal
with the closing price crossing under the previous / current pivot low A bullish breakOut can either indicate the progression of a higher low pattern or a trend reversal
This indicator can show the first breaking candle or all breaking candles . It Can also show The Breaking state (Trend) based on the last break.
Alert Mode is included, colour can be customised, Higher TimeFrame can be requested (it Can also cause repainting)
Inputs are optional as possible so have fun with it
Disclaimer: Scripts that I post publicly are experimental. They are not financial advices. Always backtest your ideas using your own methodologies.
Komut dosyalarını "breakout" için ara
Multi-Purpose All in One [SignalCave]Multi-Purpose All in One Indicator Functions
1) Technical Analysis, Technical Ratings
2) Pivots, Primary & Secondary Trends
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
4) Momentum Strength
1) Technical Analysis, Technical Ratings
Technical analysis display real-time ratings. It based on the most popular technical indicators such as RSI, Stochastic, CCI, ADX, AO, Momentum, MACD, Stochastic RSI, Williams %, Ichimoku Cloud, SMA, EMA, VWMA and HMA.
Technical analysis is a built-in function on TradingView. You can access any asset’s technical analysis page and see it’s performance in real time.
"Multi-Purpose All in One" indicator brings this function into your TradingView charting screen. Indicator allows you to see the same output without visiting any external web page in TradingView. Indicator also works on every timeframe and asset class.
Technical Ratings is a technical analysis tool that combines the ratings of several technical indicators to make it easier for traders and investors to find profitable trades.
Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals.
2) Pivots, Primary & Secondary Trends
Helps you to identify primary and secondary trends and potential support/resistance zones.
Trend detection have three modes which are “Aggressive, Moderate and Conservative” . You can customize the mode on settings screen.
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
A swing low is when price makes a low and is immediately followed by consecutive higher lows. Likewise, a swing high is when price makes a high and is followed by consecutive lower highs.
Swing Failure Pattern (SFP) is a type of reversal pattern that can be used as buy or sell signals.
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle 'engulfing' the entire body of the candle before it.
On this indicator, bullish engulfs visible only on downtrend and oversold conditions. Bearish engulfs visible only on uptrend and overbought conditions.
The death cross and golden cross are technical analysis terms for when a moving average (MA) intersects with another from either above or below.
The cross, depending on which it is, can signal the start of a new trend or the end of one.
Squeeze signs signifies low volatility, market preparing itself for an explosive move up or down direction.
Bullish Pullbacks are widely seen as buying opportunities after an asset has experienced a large upward price movement. Most pullbacks involve an asset's price moving to an area of technical support , such as a moving average, before resuming their uptrend.
Bearish Pullbacks are widely seen as selling opportunities after an asset has experienced a large downward price movement. Most pullbacks involve an asset's price moving to an area of technical resistance , such as a moving average, before resuming their downtrend.
A breakout refers to when the price of an asset moves above a resistance area, breakdown refers to when the price of an asset moves below a support area.
Breakouts/breakdowns indicate the potential for the price to start trending in the breakout direction.
For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Volume rush signs appears when the trading volume increases more then a usual period. It can be useful with combining breakout signals as a confirmation.
4) Momentum Strength
Momentum Indicator helps you to identify potential reversal areas .
Calculation done with using Relative Strength Index (RSI), Money Flow Index (MFI) and Average Directional Movement Index (ADX) indicators.
On full strength bearish movement bars paints as light red , full strength bullish movement bars paints as light green color.
They indicates that trend can be change to opposite direction in a short period of time.
Momentum Strength have three modes which are "Aggressive, Moderate and Conservative" . You can customize the mode on settings screen.
Trend lines + Pivot Levels + Candlestick PatternsThis is a pure PRICE ACTION indicator that will show you possible trend lines, pivot lines and candlestick patterns at once.
it has been designed to determine upper and lower trend lines in the chart and you can set candlestick patterns on them with alerts!
it means that you add the indicator to the chart and set the alert and done!
whenever a pinbar or engulf or breakout(in both directions) happens, you will be notified by alerts.
you also have pivot lines on the chart by this indicator. you can set the candlesticks on pivots instead of trend lines, so if you are a fan of support and resistance you can have this one, it depends on you.
all of the pivots and trend lines and also the candle sticks are customizable, so you can exactly select the pinbar, engulfing or breakout candle that matches with your mindset. for example you can set a pinbar that long shadow is 4 times or 3 times greater than the body, it's on you.
you can also customize trendlines or pivot lines, if you are scalper you can set it to small trend lines and if you are day trader or long term trader you can set it to the number that fits with your strategy.
trends and pivots will be updated automatically and there is no need to set it every time.
Be PROFITABLE!
$kMagician /*
Linear Regression & RSI Multi-Function Screener with Table-LabelHi fellow traders..
Happy to share a Linear Regression & RSI Multi-Function Custom Screener with Table-Labels...
The Screener scans for Linear Regression 2-SD Breakouts and RSI OB/OS levels for the coded tickers and gives Summary alerts
Uses Tables (dynamica resizing) for the scanner output instead of standard labels!
This Screener cum indicator collection has two distinct objectives..
1. Attempt re-entry into trending trades.
2. Attempt Counter trend trades using linear regression , RSI and Zigzag.
Briefly about the Screener functions..
a. It uses TABLES as Labels a FIRST for any Screener on TV.
b. Tables dynamically resize based on criteria..
c. Alerts for breakouts of the UPPER and the LOWER regression channels.(2 SD)
d. In addition to LinReg it also Screens RSI for OB/OS levels so a multifunction Screener.
e. Of course has the standard summary Alerts and programmable format for Custom functions.
f. Uses only the inbuilt Auto Fib and Lin Reg code for the screener.(No proprietary stuff)
g. The auto Zigzag code is derived(Auto fib).
Question what are all these doing in a single screener ??
ZigZag is very useful in determining Trend Up or Down from one Pivot to another.
So Once you have a firm view of the Current Trend for your chosen timeframe and ticker…
We can consider few possible trading scenarios..
a. Re-entry in an Up Trend - Combination of OS Rsi And a Lower Channel breach followed by a re-entry back into the regression channel CAN be used as an effective re-entry.
b. Similarily one can join a Down Trend on OB Rsi and Upper Channel line breach followed by re-entry into the regression channel.
If ZigZag signals a range-bound market, bound within channel lines then the Upper breakout can be used to Sell and vice-versa!
In short many possibilities for using these functions together with Scanner and Alerts.
This facilitates timely PROFITABLE Trending and Counter trend opportunities across multiple tickers.
You must give a thorough READ to the various available tutorials on ZigZag / Regression and Fib retracements before attempting counter trend trades using these tools!!
A small TIP – Markets are sideways or consolidating 70% of the time!!
Acknowledgements: - Thanks a lot DGTRD for the Auto ZigZag code and also for the eagerness to help wherever possible..Respect!!
Disclaimer: The Alerts and Screener are just few tools among many and not any kind of Buy/Sell recommendations. Unless you have sufficient trading experience please consult a Financial advisor before investing real money.
*The alerts are set for crossovers however for viewing tickers trading above or below the channel use code in line 343 and 344 after setting up the Alerts!
** RSI alerts are disabled by default to avoid clutter, but if needed one can activate code lines 441,442,444 and 445
Wish you all, Happy Profitable Trading!
The Trend Oracle - The Ultimate Position ToolThe Trend Oracle is a superadaptive multi-timeframe Indicator
Ideal timeframes are 4H, and 1D
It is based on a combination of several other indicators including:
- The Superstrength Index - An adaptive indicator using volume weighted average of the traditional RSI, MFI and OBV
- The Superfast MACD - An adaptive zero lag MACD
- ADX Trend - A tweaked version of the ADX
- Chop Zones - A combination of 2 Chop indexes to identify trending and non trending conditions.
- The Adaptive Supertrend - An adaptive version of the Supertrend, (switching multipliers based on the market trend)
- Breakout & Breakdown - An algorithm computing volume compression and expansion to indicate breakout & breakdown signals.
- [bBullish and Bearish Divergences - Confirmed Bull and Bear divs shown as green and red dots at the top and bottom of the indicator.
Areas highlighted in Aqua are bullish, red are bearish.
Use this indicator as a tool to position yourself over longer timeframes.
Enjoy!
MM :)
TrendLine ChannelsAbstract
This script provides a set of Trendline Channels which can be tighter than Donchian Channels.
This script computes the most suitable active upper and lower trendlines and updates them as soon as possible.
We can use it for breakout signals earlier than Donchian Channels.
Introduction
Channels are tools which can mark area of values of ranging markets.
Once the price leaves the original region, range traders may start admitting they are wrong and trigger trend.
Donchian Channels (misheard as Dungeon Channels) use the highest and the lowest price to define area of values.
When the price breakouts, it just like it got released from a dungeon.
However, waiting for the price making even higher or lower may be too late and risk reward ratio may be lower.
Trendlines can make the channels tighter and we can find earlier breakout signals.
Computing Trendline Channels
(1) Find the most active trendlines
In this script, a valid trendline connects two high values or two low values.
A high value means the highest value in a trading day.
A low value means the lowest value in a trading day.
In this script, every trendline does not crossover any bar but can exactly touch them.
The most flat trendline is taken. (one for upper and one for lower)
(2) Continue to use or Change a trendline
If there is a tighter trendline available, this script changes to use it.
If the previous active trendline is broken, this script re-computes the trendline available.
When this case happens, this script display with an another color.
Otherwise, this script continues using the previous trendline.
(3) Middle line
The middle line indicates the middle value between the upper and the lower.
Parameters
Length : how many days are used for computation. The default value is 16 just because 16=4*4, using binary characteristic.
x_go_on : If the previous trendline is not breakout and there are no tighter trendlines available, we continue use it.
Color Options
(1) Upper trendline (no update or tighter)
(2) Upper trendline (changed due to breakout)
(3) Middle line
(4) Lower trendline (no update or tighter)
(5) Lower trendline (changed due to breakout)
Conclusion
Trendline Channels can be tighter than Donchian Channels and evaluate earlier breakout signals.
Comparing to known auto trendline scripts, Trendline Channels is continuous.
Once a trendline is broken, Trendline Channels can instantly point out the next available one.
If you think the price movement is boring or you cannot have good risk reward ratio, you can go to an another timeframe.
Reference
How to trade with Donchian Channels
How to trade with Trendlines
HuD IntradayConsist of :
- standard Bollinger Band (BB) - MA20 and 2 dev
- EMA ( default 9,20,50 and 200)
- WMA ( 5 and 10 )
- Donchian Channel
Suitable for intraday trading - 15min, 30 min or 1 hour timeframe
Trading Strategy :
1. Enter trade only when
- band is Green
- line EMA20 above EMA50 and line EMA50 above EMA200 ( black > purple > red )
- RSI (default setting 14) is above level 50 and trend is positive (RSI line moving upward)
2. Possible Entry point ( 3 options )
i Breakout candle and candle still below lower BB
ii Retracement/Pullback - after Breakout and candle still inside green band. RSI still above 50
iii. Buy on Weakness (BOW) - Blue diamond icon
3. Stop Loss :
- Select "Show Stop Loss" - to display stop loss line
- Based on ATR
- adjustable depend on trader risk
Other option for stop loss :
- WMA Area ( Dark green ) - candle cross under WMA, can consider to exit trade
- EMA20 - candle cross under EMA20, can consider to exit trade.
4. Alert
Therea are 3 alerts availabe
i. Breakout signal
ii. Sell signal - candle break trailing Stop
iii. BOW - Buy on weakness signal
Note :
- This indicator only suitable for Bursa Malaysia
- Do PM me if you interested
SMT - Smart Money Thursday Boxes
The Smart Money Trading Thursday - is a very specific trading system. You only trade it on a Thursday.
The script/indicator will color Thursdays as two boxes. If you just want one color, use same color for
both boxes. The boxes is there to indicate London/New York sessions.
SETTINGS
In the setting you find a numeric value as 1700-0400:5
The "5" indicate Thursday. You can change that if you prefer to color another specific day.
For example "4" would indicate Wednesday. And you can change the hours to fit your
sessions and trading style.
You can also use the 2 boxes on different days. If you for example would like to color up
London for Wednesday and Thursday. Then set hours to fit London session and adjust the
:5 to 4 on the 1st box and 5 on the 2nd.
HOW TO USE IT?
The Smart Money works in a way retail trading does not. Smart Money has an objective
to locate retail patterns, where there will be a lot of stop loss volume to be grabbed.
So when a retail trader see a setup like a "Double Top / Bottom". The Institutional
will see $$$ of dumb money, ready to be taken. The best moves happen on a Thursday
but if you are a skilled trader, you can see the move also occur on Wednesday or Friday.
The first thing that will happen, is that the Smart Money Breaks out of session. Meaning
they will leave the current weeks high/low range. To start collect negative contracts
of the retail volume.
When you see that happen. And you see a breakout that consist of 4 in a row 1 hour
chart candles. Then you have your first rule meet.
#1 Thursday breakout of current weeks high/low. And the move is a clean 4 hour move
as 4x H1 candles. The move can start within range. But must end clearly outside.
Visual Example:
#2 Next, we await an engulf at peak or near peak. That is where Institutional
may have problem to match any more contracts, and since they used their own
money to make this move. They must now mitigate orders, and return back to
the original retail pattern as most retail traders are now stopped out.
(Normally this is a long/clear candle out of range. they rarely go lower
then retail traders entry in the 1st push. This to not save any souls :)
#3 Price returns back to where the breakout from the retail happens.
You can now take your profit as a Smart Money Trader. Trading with less risk,
you can take profit of the return of that latest 4x H1 candle move. (Order
Block)
CONCLUSION
The best trade is when you can combine a retail pattern, followed by a
breakout which holds 4x 1 hour candles in the outbreak direction.
2nd best is when you have the 4x H1 breakout and really no clear retail
pattern. Still is the same game. Just not as clear as the one above.
Study the steps in this image and you see what to look after:
Good Luck with your trading!
Regards,
The Hunter Trading Group
TradeChartist Range Bands ™TradeChartist Range Bands is an exceptionally well designed Entry/Exit indicator that plots fluid Range Bands and dynamic Support/Resistance levels on chart, along with trade entries by using both trend following and mean reversion principles.
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How does ™TradeChartist Range Bands work?
The Indicator plots Range Bands with Upper, Lower and Mean, calculated using trading models that use both Trend Following and Mean Reversion principles . It is the Range Bands that decide the trade Entries as the breakouts above upper band generates long entries and the breakouts below the lower band generates the short entries.
The Range Bands Type (Automatic, Aggressive or Normal) can be chosen from the settings. Default is Automatic and it uses Aggressive for non 24 hr markets and Normal for 24 hr markets like Cryptocurrencies.
The width of the Range Bands can be changed using the Range Multiplier from the settings. Default is 1.618 , minimum value is 0.618 and maximum value is 2.0.
The frequency of the Trade Signals depends on both Range Bands type and Range Multiplier. So it is worth spending some time to test the indicator based on these 2 factors on the asset traded, to maximise the profit potential by optimising the type and multiplier value.
In addition to the Range Bands, the indicator also plots Dynamic Support and Resistance bands that are more sensitive to price action and helps the user determine growing support/resistance which is indicated by coloured dots. These dots normally appear when the Support or Resistance stays at the same level for a few bars.
The expansion and contraction of the Support and Resistance bands also help in visualising the price volatility, and an extremely narrow squeeze of these levels within the Range Bands normally signals a lucrative market move. This is usually followed by a breakout from the bands and will be signalled by the Trade Entry plots (BUY and SELL).
The Dynamic Support and Resistance levels can be enabled or disabled from the settings. The fill between these dynamic levels helps the user to visualise the Bull and Bear strength/power. This fill can also be disabled from the settings if not required.
The indicator has a nice Fibonacci levels generator companion that helps spot near support and resistance levels using Fibonacci Retracement tool.
There are 3 types of Fib plots that can be chosen from the settings - Auto-Fibs, Fibs based on Lookback, Fibs based on Price Input .
The Auto-Fibs feature is used as default and it automatically plots fib retracement based on nearby significant high/low (highest from previous up and down trends). This is normally based on nearby trade entries too. Occasionally, during choppy markets/sideways movement, the range of these levels can be quite small and if close price exceeds the 4.618 fib level, one of the other Fib plot options can be used. Alternatively, Plot fibs from current high/low can also be used.
Fibs based on lookback can be used by choosing the number of candles or days lookback to help the indicator automatically find the high and low of the period to generate fib levels. Similarly, Fibs based on price input requires, user to manually enter the high and low price points for the indicator to generate fib levels based on user input.
The indicator has two colour schemes for the Dynamic Support/Resistance fill and bar colours. The coloured bars and the fill will help visualise the price trend. This can be changed or disabled from the settings.
The Fib levels can be disabled by unchecking lines and labels from the styles tab of indicator settings.
Long and Short entry Alerts can be created by using Once Per Bar Close .
The indicator does not repaint. Alerts may display potential repaint warning, but this is because the code uses bar index for fib labels. For confidence in the indicator, it can be tested using bar replay to make sure the real-time and bar replay trade entries and plots stay on the same bar/timestamp.
The different elements of the indicator are shown below in the chart.
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™TradeChartist Range Bands can also be connected to ™TradeChartist Plug and Trade to generate Targets, Stop Loss Plot etc. and other alerts can also be created. Use Range Bands Trend Identifier to connect as an Oscillatory Signal to Plug and Trade. Example chart shown below.
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Example charts:
1. ADA-USDT 4hr chart using Aggressive type and 1.618 Range Multiplier
2. ADA-USDT 4hr chart using Normal type and 1.618 Range Multiplier
3. XAU-USD 15m chart using Normal type and 1.618 Range Multiplier - Fibs based on 3 days lookback
4. DJI 4hr chart using Normal type and 2.0 Range Multiplier
5. GBP-USD 15m chart using Normal type and 1.618 Range Multiplier
6. LINK-USDT 1hr chart using Normal type and 1.236 Range Multiplier
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Big Breakout IndexBig Breakout Index is a great indicator for detecting breakouts. When the current close breaks out of consolidation, the indicator will tell you.
Green - Buy
Red - Sell
Extreme - SR Levels/Zones (Expo)Extreme - SR Levels/Zones (Expo) automatically searches and prints key support and resistance levels based on "extreme" high & low values.
When the extreme condition is met there is a high probability that the market pauses, makes a pullback, or that the trend change direction. If the current trend is strong, the price will breakout from the previous extreme level.
The indicator can be used standalone or as a part of your current trading strategy.
Real-time
No repainting
Works on any market
HOW TO USE
1. Use the indicator to identify key support and resistance levels.
2. Use the indicator to identify potential breakouts.
3. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
Daily chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
BigBendFX Ichimoku Cloud | Cloud BreakoutCloud breakout is an enhancement of TradingView's built-in Ichimoku Cloud Indicator. By default, only the cloud is visible. The other Ichimoku lines can be toggled on if needed. This indicator focuses on the breakout of the Kumo cloud. An additional simple moving average filter can be added as well.
Breakout Condition
2 candlesticks are part of the breakout condition
Candlestick 1: 'open' price is still within the cloud and 'close' price breaks out of the cloud
Candlestick 2: 'open' price confirms that candlestick 1 'close' remains as a breakout
There are 4 possible breakout conditions: 2 bullish direction moves crossing each senkou span and 2 bearish direction moves crossing each senkou span
Note: ranging markets will cause false breakouts, so a moving average is integrated to help filter this out
Moving Average Integration
A simple moving average can easily be toggled on/off to filter out cloud breakout signals
The SMA length and color can be adjusted in the settings
Alerts
There are 2 alert options: bullish or bearish
Alerts will confirm if the Moving Average Integration is activated
To add to your chart simply search for the title "BigBendFX Ichimoku Cloud" in indicators & strategies.
If you would like any added features or functionalities, please comment/share below. Be sure to check out our website (link below)!
Thank you!
GC Supports & ResistancesThe indicator display the supports and resistances available. Breakout also are reported in case that not exists at least three resistances.
Does print lines and labels with each identified data (S, R and BO).
Cyatophilum Pivot Consolidation & Breakouts [ALERTSETUP]Intraday Strategy built on Pivot Points Standard and Pivot Range.
The idea is to wait for a consolidation period AND a breakout. This really strong condition allows to set a 1/1 Risk/Reward ratio.
Starting from there we secure the profits with a Trailing Stop loss and/or Take Profit system integrated in the script.
This is the Alert version and you can see the backtest results below. Default settings work great on the 15m chart.
You can change the timeframe of the pivot points as well as the consolidation band in the settings. The SL/TP system is also configurable. This script includes a DCA feature.
To get the indicator, please use the link below, thanks!
Intelligent Zones (Expo)Intelligent Zones - (Expo)
DESCRIPTION
Intelligent zones is a real-time based indicator that creates colored zones that can act as support or resistance levels. These zones that are painted on the graph are important levels that the future price will react too.
Generally, strategy:
--> If the price crosses up from the cloud it can be considered as a positive “breakout” and the price will most probably continue in that direction.
--> If the price crosses down from the cloud it can be considered as negative “breakout” and the price will most probably continue in that direction.
--> If the price is above the black line it can be considered as positive sentiment, and if the price is below the black line it can be considered as a negative sentiment.
--> The indicator comes in 2 versions. The main difference is how the intelligent cloud is calculated. Sensitive or not.
HOW TO USE
1. Use the indicator to identify real-time market zones.
2. Use the indicator to visualize breakouts.
INDICATOR IN ACTION
The indicator is best presented live, the graphs below are a good guide.
EURUSD
BTCUSD
BRENT
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
TMA Indicator v2.2This indicator is designed to show support and resistance at local extremes. Configurable SMA crossover events can be used to impart a bullish or bearish bias. This helps to reduce noise on the chart and increase profit factor. In other words, the indicator will only look for bullish breakouts if the fast moving average is above the slow moving average and vice-versa.
SMA Crossover events can be used to filter bullish or bearish resistance levels.
SMA Crossover events can be used to filter bullish or bearish breakout alerts.
Supports alerts for entries and exits based on breakouts of local extrema.
Alerts can be generated at every breakout or with SMA crossover filtering active.
Backtests would suggest that filtering with SMA crossovers often yields slightly lower profit but with a considerable improvement to profit factor.
Green/Red indicates long/short entry
Yellow/Orange indicates long/short exit
See here for an example backtest and visualization of active SMA signal filtering:
For paper trading only. Do not use on real markets. Never make investment decisions based on this indicator alone.
VWAP Stdev BandsCurrent price always obeys VWAP and is very useful for intraday traders. The Price will never go beyond the second deviation of VWAP at any point of time. The deviation bands are also very useful in predicting the volatility of the script.
Breakout trades can be taken based on the previous day's VWAP and it's deviations.
One can say that the stock has experienced breakout if current price crosses the fourth deviation of the previous day's VWAP or price bounces off that level, the price movement will be rapid if this occurs providing a good trading opportunity with low risk-reward ratio.
Power Trend by Atilla YurtsevenPower Trend is the indicator that i have developed for myself and would like to share with you.
Power Trend automatically detects High / Low points and draw trend lines. If you have a look at the graph, you can simply draw a line over last 2 points to combine them and see the trends current state. You can also change High and Low points' sources. I often use Horizontal trend lines by selecting "close" for both High and Low sources.
I also love to use Horizontal Trends. They usually shows breakouts. Expect a breakout when lines are close to each other.
Remember; this is a lagging indicator. If there is a point in the current bar, indicator will draw it after 2 bars!
Disclaimer: All the information in this article, including the algorithm/indicator, was provided and published for informational purposes only and should not be considered legal or financial advice.
Happy trading :)
Atilla Yurtseven
Systematic TF IndicatorThis is a simple trend following indicator which works off moving averages for trend bias and breakouts for entry.
CM_OldSchool_Projected_high_LowHeard this story from Larry Williams…the trader who holds the record for winning the U.S. Trading Championship by turning $10K in to 2 Million.
A trader named Owen Taylor developed this formula as a Floor Trader before to calculate the Projected High and Low of the next day.
The formula worked so well…Owen charged other Traders 1K to get it.
I was pretty impressed with the results…so I coded it for the Weekly, Monthly, Quarterly, and Yearly Projected High Low.
While Owen considered these levels to be major support and resistance, Larry has developed many strategies based on the Breakout of the Projected High Low.
Therefore I coded it so the Levels would plot Yellow, and change to Green if the Projected High was taken out, and Red if the Projected Low was taken out.
***I’ve noticed on many instruments, Stocks, Index’s, Forex etc., depending on the instrument it works great as Support/Resistance or Breakouts.
***On a Daily Chart put the Quarterly and Yearly levels on SPY and EURUSD and go back about 10 years. Levels are pretty accurate.
SMA Zone with Breakouts/Tests 1.0.This indicator plots a dynamic “SMA Zone” between two simple moving averages (one applied to lows, one to highs) and highlights key interaction points with the zone:
Breakouts
Bull Break: price closes above the upper SMA
Bear Break: price closes below the lower SMA
Requires confirmation via either above-average volume or an unusually wide bar (spread > ATR) closing near its extreme
Tests & Retests
After a breakout, the first re-entry into the zone edge is labeled “Test,” subsequent re-entries are numbered “Retest,” “2nd Retest,” etc.
Zone Weakening: each additional Test/Retest signifies diminished zone strength—fewer reliable boundaries remain (Traditional S/R theory)
Alerts
Fires a unified “Zone Signal” alert on every Break, Test, and Retest (set condition to “Any alert() function call”).
Disclaimer:
This is not financial advice and should not be used as a standalone trading signal.
It’s designed to draw your attention to important price-zone interactions so you can manually tune in.
The logic can be further enhanced or combined with other indicators/algorithms as part of a more complex trading system.
ORB - Opening Range Breakout + AlertsThe only ORB indicator you'll ever need.
- Flexible Range: Tailor the opening range (e.g., 5m, 15m, 30m) to your trading style.
- Key Levels: Auto-plots striking pink/purple support/resistance lines post-range for clear trade setups.
- Breakout Alerts: Reliable LONG/SHORT signals on 5m chart for confirmed breakouts; enable/disable as needed.
- Personalized Design: Customize line color and thickness for optimal visibility.
A friendly reminder that no tool or indicator guarantees success. Integrate this into a robust trading plan.
Darvas Box Breakout Signals v6 (Manus)Purpose:
This script is designed for TradingView to automatically identify potential "Darvas Boxes" on your price chart and signal when the price breaks out of these boxes.
How it Works:
Finds Highs: It looks back over a set number of bars (default is 20, but you can change this) to find the highest price point.
Confirms Box Top: It waits until the price stays below that high point for a specific number of bars (default is 3) to confirm the top of the box.
Confirms Box Bottom: After the top is confirmed, it looks for the lowest price reached and waits until the price stays above that low point for the same number of bars (3) to confirm the bottom of the box.
Draws Box (Optional): If enabled in the settings, it draws lines on the chart representing the top and bottom of the confirmed box.
What Signals It Shows:
Breakout Signal: When the price closes above the top line of a confirmed box, it plots a green upward-pointing triangle above that price bar. This suggests the stock might be starting a move higher.
Breakdown Signal: When the price closes below the bottom line of a confirmed box, it plots a red downward-pointing triangle below that price bar. This suggests the stock might be starting a move lower.
Key Features:
Uses the Darvas Box theory logic.
Provides clear visual signals for potential entries based on breakouts or breakdowns.
Allows customization of the lookback period and confirmation bars via the indicator settings.
Written in Pine Script version 6.
Remember, this script just provides signals based on price patterns; it doesn't predict the future or guarantee profits. It should be used as one tool within the larger trading plan we discussed, especially considering risk management.
