Price & Volume Breakout Fibonacci Probability [TradeDots]📝 OVERVIEW
The "Price & Volume Breakout Fibonacci Probability" indicator is designed to detect the probability of the maximum run-up and drawdown of each breakout trade on an asset, assisting traders in optimizing their take profit and stop loss strategies.
🧮 CALCULATIONS
The algorithm detects price and volume breakouts to activate the Fibonacci levels displayed on the chart. It calculates these levels using the period pivot high and low, with the close price of the breakout bar as the reference price.
The indicator then forward-tests within an user-selected number of bars, detecting the maximum run-up and drawdown during that period. Consequently, it calculates the probability of the price hitting either side of the Fibonacci levels, showing the likelihood of reaching take profit and stop loss targets for each breakout trade.
📊 EXAMPLE
The above example shows two breakout trades, circled within the yellow rectangle zone.
The first trade has a maximum run-up above the +0.382 Fibonacci level zone and a maximum drawdown below the -0.618 Fibonacci level zone.
When the price reaches the maximum run-up, it only has a ~45% probability of moving further upward into the last two zones (25% + 19.44%). This indicates that setting a take profit at a higher level may have less than a 50% chance of success.
Conversely, when the price reaches its maximum drawdown, there is only an ~8% probability of moving further downward into the last drawdown zone. This could indicate a potential reversal.
⚙️ SETTINGS
Breakout Condition: Determines the type of breakout condition to track: "Price", "Volume", "Price & Volume".
Backtest Period: The maximum run-up and drawdown are detected within this bar period.
Price Breakout Period: Specifies the number of bars the price needs to break out from.
Volume Breakout Period: Specifies the number of bars the volume needs to break out from.
Trendline Confirmation: Confirms that the close price needs to be above the trendline.
📈 HOW TO USE
By understanding the probabilities of price movements to both the upside and downside, traders can set take profit and stop loss targets with greater accuracy.
For instance, placing a stop loss order below the zone with the highest probability minimizes the chances of being stopped out of a profitable trade. Conversely, setting a take profit target at the zone with the highest probability increases the win rate.
Additionally, if the price breaches multiple Fibonacci levels during the breakout period, it may indicate an abnormal state, signaling a potential reversal or pullback. This can help traders exit trades in a timely manner.
Traders can adjust their take profit and stop loss levels based on their individual risk tolerance.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Komut dosyalarını "breakout" için ara
Liquidation Levels with Liquidity Sweeps/Breakouts [AlgoAlpha]🌊📈 Dive into the depths of market liquidity with "Liquidation Levels with Liquidity Sweeps/Breakouts" - your ultimate tool for navigating the turbulent waters of trading! 🧹💹 Crafted by the wizards at AlgoAlpha, this Pine Script™ masterpiece illuminates the unseen liquidity levels and sweeps, guiding you through the financial seas with insight. 🚀🔍
Key Features:
🕒 Timeframe Flexibility: Customize your analysis with a TimeFrame Multiplier, allowing the indicator to operate on higher timeframes for broader market insight.
💥 Dynamic Volume Threshold: Set your sensitivity to breakouts with the High Volume Threshold, ensuring you catch significant market movements while avoiding fakeouts.
👀 Visibility Controls: Toggle the display of swept liquidity and highlight liquidity breakouts with customizable background colors for clear, actionable insights.
🎨 Custom Appearance: Personalize your chart with bullish, bearish, and breakout colors to match your trading style.
How to Use the Liquidity Levels with Liquidation Sweeps Indicator:
Maximize your trading efficiency with the Liquidity Levels with Liquidation Sweeps Indicator by following these simple steps! 🚀🌟
⚙️ Customize Settings: Access the indicator settings to personalize the TimeFrame Multiplier, High Volume Threshold, and Relative Volume Period. Tailor these settings to match your trading strategy and chart preferences.
👁️ Analyze Liquidity Levels: Monitor the chart for liquidity levels and sweeps. Bullish sweeps are marked with green labels, bearish sweeps with red, and breakouts highlighted by the chart background.
🔔 Set Alerts: Enable alert conditions for liquidity breakouts and sweeps within the indicator's settings. This feature allows you to receive real-time notifications, helping you to act promptly on trading opportunities.
How It Works:
The heart of this indicator lies in its ability to track and highlight liquidity levels derived from swing pivots, and sweeps across multiple timeframes. By calculating relative volume against a user-defined threshold, it identifies strong volume movements indicative of liquidity breakouts, this helps filter out fake-outs. When a liquidity level is breached but not completely mitigated, it's either marked as a bullish or bearish sweep, which come with the option to show an estimate of the number of liquidations during the sweep.
if peakform and peakprinted != 1
aR.push(line.new(bar_index-mult, h.get(1), bar_index+1, h.get(1), color = red))
aRv.push(h.get(1))
peakprinted := 1
if valleyform and valleyprinted != 1
aS.push(line.new(bar_index-mult, l.get(1), bar_index+1, l.get(1), color = green))
aSv.push(l.get(1))
valleyprinted := 1
Custom % Breakout HighlightThe "Custom % Breakout Highlight" indicator in Pine Script is designed to visually identify candles that experience a significant percentage price change relative to a user-defined threshold. The primary goal of this indicator is to highlight candles that surpass a specified percentage breakout level, signaling potential price movements or shifts in market dynamics.
Parameters:
Percentage Breakout: Users can input a desired percentage value to define the threshold for identifying breakout candles. This parameter allows customization based on the trader's preference or the specific characteristics of the instrument being analyzed.
How it works:
The script calculates the percentage change in the closing price of each candle compared to the closing price of the previous candle.
It then checks whether the absolute value of this percentage change exceeds the user-defined percentage breakout threshold.
If the condition is met, the script highlights the corresponding candles by displaying a blue background in a new pane at the low of the breakout candle.
Interpretation:
Highlighted Candles: Candles with a background color indicate instances where the price change exceeds the defined percentage breakout level. Traders may interpret these highlighted candles as potential breakout or significant price movement signals.
Usage:
Traders and analysts can use this indicator to identify candles with notable price changes, helping them focus on potential breakout events or shifts in market sentiment.
By adjusting the "Percentage Breakout" parameter, users can customize the sensitivity of the indicator to match the volatility characteristics of different assets or trading preferences.
Note:
The indicator is designed for use on various timeframes and can be applied to different financial instruments.
It is important to consider other technical and fundamental analysis tools in conjunction with this indicator for comprehensive decision-making.
This indicator serves as a visual aid for traders seeking to highlight candles with significant percentage price movements, offering a customizable tool for breakout identification in financial markets.
Opening Range Breakout (and price targets)This Opening Range Breakout indicator stands apart from others for several reasons. Apart from displaying the opening range high and low on a chart, the script also plots customized potential price targets ( different from any other on TradingView! ) for breakouts and breakdowns in price action. These customized targets can be toggled on and off in the input section of the indicator's settings.
With regard to the indicator itself, it has two other key inputs, the "ORB total time (minutes)" and "ORB Timeframe". The first input sets the maximum number of minutes to be used in the calculation of the opening range, and the second input sets the specific time frame when the opening range is calculated. The script plots the opening range high and low on the chart as two separate lines with the high in blue and the low in white, and these lines dynamically change color of the high to green and the low to red if the current price is above or below the opening range, respectively.
The script starts by calculating whether or not the current bar falls within the specified time frame. It then sets the initial values of the opening range high and low, and continuously updates these values if the current bar's high or low is higher or lower than the previous values, respectively. The updated values are then plotted on the chart with the specified style and color.
Traders may use the ORB Indicator to trade breakouts and breakdowns of the opening range. If the price breaks above the opening range high, traders may look to enter long positions, and if the price breaks below the opening range low, traders may look to enter short positions. The customized price targets may be consulted for potential areas to take profit. The color change of the high and low lines can provide additional confirmation of a potential breakout or breakdown, adding to the strength of the trade setup. It is important to note that the ORB Indicator does not guarantee success, and traders should always consider other technical and fundamental factors before entering a trade.
Users can also create alerts for when price breaks above or below the opening range. This will provide up-to-date live alerts for traders who cannot be staring at their screens all day long.
Volume Breakout (ValueRay)Easy visuals on, if volume is way over average. Good for Mean Reverting. Higher Volume tends to higher breakout chances.
Please whisper me for for ideas how to make this better. Its a very simple script, but got some alpha. If you know how to improve, let me know and i will code it into.
[blackcat] L2 Ehlers Hilbert Channel Breakout Trading SystemLevel: 2
Background
John F. Ehlers introuced Hilbert Channel Breakout Trading System in Nov, 2000.
Function
This indicator will show how the adaptive filter is being applied to a trading strategy. After the Hilbert Channel Breakout Signal is optimized, set the inputs for this indicator to match the corresponding inputs for the signal.
In the March 2000 STOCKS & COMMODITIES, John Ehlers published a algorithm for the Hilbert cycle period, an indicator that plots the length of the current market cycle. The Hilbert transform achieved computational efficiency by using a two-dimensional numbering system. Unfortunately, this introduces amplitude error in calculating the quadrature component. Dr. Ehlers compensated for this error. He have updated the method of compensating for the amplitude error by applying a straight-line compensation term using the frequency calculation from one bar ago. This is possible because the cycle period cannot change drastically from bar to bar. The slowly varying cycle period is adequate to do a good job of amplitude compensation.
In addition, Dr. Ehlers have used a different way to compute the cycle period. He used a homodyne discriminator because it exhibits superior performance in a low signal-to-noise environment. Homodyne means he used the signal multiplied by itself one bar ago to produce a zero-frequency beat note. This beat note carries the phase angle of the one-bar change. Still using the basic definition of a cycle, the one-bar rate of change of phase is exactly the cycle period.
Here is the pine v4 code to generate the signals in the Hilbert channel breakout trading system, as discussed in Dr. Ehlers article in this issue, "Optimizing With Hilbert Indicators." The signal itself is a simple channel breakout system that generates buy and exit signals, that shows whether the system is long or flat; the high of the bar and the value of the entry channel; and the low of the bar and the value of the exit channel. This helps you see on a bar-by-bar basis exactly how the system is behaving.
Key Signal
longcond--> when high breakouts EntryChannel to long
shortcond--> when low breakouts ExitChannel to short
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 66th script for Blackcat1402 John F. Ehlers Week publication.
I tested it and believe it work better in small time frame e.g. 15m than large time frames.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
FOMO DRIVEN BREAKOUT INDICATORFomo Driven Developments Breakout Indicator
Works well with FDD Super Candles Indicator and Super Clouds.
This is the breakout indicator that F-DAS uses.
For access please go to www.fomodd.io.
Twitter = Telegram = @dgnsrekt
FOMO DRIVEN DEVELOPMENT
www.youtube.com
This video shows the F-DAS system watching TDI. F-DAS is a modular trading alert system that can easily be programmed to watch any exchange, market, or trading strategy. The video shows F-DAS watching TDI and FDD breakouts.
Volume BreakoutsThe aim of this indicator is to indicate effective volume breakouts.
Blue = Volume is at least 25% above the 20d moving average
Purple = Volume is at least twice as much as the 20d moving average
Red = Volume is at least three times the average
My recommendation : Always watch for breakouts on large volume. That's a sign that big institutions are buying.
Multi Year BreakoutWhat the Script Does (Simple Summary)
Name: It's called "Multi Year Breakout" (or MYBO for short) and shows up right on your main price chart.
Settings You Control: You can easily change settings like:
How many months or years back the script should look to find the important old highest price and lowest price.
How many months back it should look for the recent highest price.
Whether you want to see the lines drawn on the chart for these highs and lows.
The color, thickness, and style (solid, dashed, dotted) of the lines.
An optional info box showing the price levels, where it appears, and the text size.
What it Calculates: It finds the exact price for the highest high in the "older" period you set, the highest high in the "recent" period, and the lowest low in the "older" period.
What it Draws:
It draws horizontal lines on your chart at these key price levels. Think of the high lines (Fuchsia for older, Orange for recent) as price ceilings (resistance).
It draws small triangle arrows below the price bars when a potential breakout happens.
The Breakout Signal:
It checks if today's closing price moved above the highest ceiling (either the older Fuchsia line or the recent Orange line, whichever was higher yesterday).
If it did, you get an arrow:
Fuchsia Arrow: Price broke above the older high ceiling (often more important).
Orange Arrow: Price broke above the recent high ceiling.
Alerts:
The script creates alert conditions. If you want a notification (popup, email, etc.), you MUST manually create an alert in TradingView's alert menu, choosing this script and selecting either the "Fuchsia Breakout" or "Orange Breakout" condition.
Best Way to Use It (Simple Guide)
Goal: Use this script to help find stocks that are breaking through significant past price ceilings. This might signal the start of a new upward move.
Best Charts: Works best on Daily or Weekly charts to see the bigger picture price action over months and years.
Setup:
Add the script to your preferred chart.
Adjust the settings (gear icon ⚙️) to define your "older" and "recent" periods (e.g., 60 months back for the older start, 12 months back for the older end / recent end).
Choose which lines you want to see (usually the Fuchsia and Orange high lines are most useful).
Reading the Chart:
Fuchsia Line: A major price level that stopped the price going higher in the more distant past. Breaking this is often significant.
Orange Line: The highest price reached more recently. Breaking this shows current momentum.
Arrows: An arrow appears when the price closes above the relevant high line (based on yesterday's level). The color tells you if it cleared the older (Fuchsia) or recent (Orange) hurdle.
Very Important - Use Other Tools Too! Don't trade based only on an arrow. Always look for extra confirmation:
Volume: Was there a lot more trading activity than usual on the breakout day? (High volume is a good sign).
Chart Pattern: Was the stock building up energy in a pattern before breaking out?
Market Direction: Is the overall stock market also looking positive?
Set Up Alerts (If Wanted): If you want TradingView to notify you, go to the 'Alert' menu, select this script (MYBO), choose the "Fuchsia Breakout" or "Orange Breakout" condition, and set how you want to be notified.
Manage Risk: Sometimes breakouts look good but then fail. Always decide before you trade how much you're willing to risk and where you'll exit if the price falls back down (use a stop-loss).
Think of this script as a signal that says "Hey, look at this stock, it just cleared an important level!". It's your cue to investigate further using other analysis before making any trading decisions.
Volume Breakout [Afnan]Introducing the Relative Volume / Volume Breakout Multiplier (RVI) , RVI is specifically designed for traders who incorporate volume breakout analysis into their trading strategies, particularly breakout traders.
This indicator provides a unique perspective on volume dynamics by quantifying the extent of volume breakouts in relation to the Simple Moving Average (SMA). It offers an upgraded version of the default volume indicator on TradingView, with the added feature of Relative Volume.
For example, if the volume SMA is 100M and the current volume is 200M, the indicator will return a breakout number of 2.0, indicating that the current volume is twice that of the volume SMA. Conversely, if the volume SMA is 100M and the current volume is 50M, the indicator will return a value of 0.50, indicating that the current volume is half of the volume SMA.
This tool can be a very helpful for breakout traders, helping them identify potential trading opportunities and assess volume strength more effectively. this indicator is a must-have in the toolkit of any trader who focuses on volume breakout analysis.
Remember, every tool we use, every analysis we perform, is a step towards becoming better traders. So, let’s embrace this journey of continuous learning and improvement together. As the saying goes, “The only limit to our realization of tomorrow will be our doubts of today." Let’s step into the future with confidence, armed with the right tools and the right mindset.
Lastly, a big thank you for your support, your likes, and your comments. They mean a lot! If you have any questions, feel free to ask. Together, let’s make trading a rewarding experience!
[Pivots Consolidation Breakout Screener] with Alerts (TSO) This is a pivots consolidation screener indicator, with ability to choose up to 12 different symbols/instruments with alert to be notified when consolidation happens on either one with the new pivots formation (new R3(inner resistance) pivot formed below previous one and new S3(inner support) pivot formed above previous one). Once the alert on a certain symbol/instrument is received - there is an ability to set a Breakout alert for the consolidated symbol/instrument.
This is a very powerful strategy, which doesn't happen often, but when happens - it often causes big moves after a breakout!
NOTE: Every calculation is done on a confirmed closed candle bar state, so the indicator will never repaint!
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Explanation of all the Features/Inputs/Settings
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>>> On the very top, please read the important NOTES/TIPs.
>>> Next section is where the desired symbols can be turned on/checked to be screened for consolidation - the selected/checked symbols at creation of a 'Any alert() function call' alert will alert on any of the selected/checked symbols. Also, once consolidation forms, until next pivots formation - it will show it on the "Consolidation Stats" table. Once alerted on a specific symbol for consolidation - manual alert - 'Consolidation BREAKOUT' - can be created (MUST be done on the actual symbol chart, Right-Click > Add Alert) to be notified when actual breakout takes place.
>>> Pivots Settings section is where a manual timeframe/length can be set for the pivots as by Default it uses "Daily" timeframe. So, if want to experiment with more signals, but less accurate - a smaller timeframe can be set for Pivots Timeframe with smaller chart timeframe.
>>> Final section is simply the "Consolidation Stats" table location.
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Adding Alerts in TradngView
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1) Consolidation alert(s) for the selected/checked symbols
- Select/check/find the desired symbols/instruments (when selecting symbols, make sure - they are from correct BROKER/SOURCE as pricing may differ between different brokers, causing confusion (under 1 broker/source, the symbol will be consolidated, under another it will not...))
-Right-click anywhere on any TradingView chart
-Click on Add alert
-Condition: Select this indicator by it’s name
-Immediately below, change it to "alert() function calls only"
-Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered)
-Alert name: Whatever you desire
-Hit “Create”
-Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
* Once alert triggers, don't get confused, as it will show "Alert on SYMBOL", the SYMBOL will be where you created the major alert for all the symbols within the screener list! Within the alert, on the bottom, it will say: "EURUSD: Camarilla Pivots R3S3 Consolidation ALERT!" - this is where the correct symbol is for which the alert for consolidation was triggered!
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2) Consolidation BREAKOUT alert(s)
-Right-click anywhere on any TradingView chart
-For the actual symbol (which got consolidated), open the chart (make sure timeframe is the same as with which "Consolidation alert(s)" were created prior), then Right-Click on the chart > Add Alert
-Click on Add alert
-Condition: Select this indicator by it’s name
-Immediately below, change it to "Consolidation BREAKOUT1"
-Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered)
-Alert name: Whatever you desire
-Hit “Create”
* It will alert when a breakout occurs in any direction - once you open the chart for the symbol/instrument for which alert has occurred - you can immediately see into which direction the breakout occured, it will be marked on the chart with green/red triangle.
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If you have any questions or issues with the indicator, please message me directly via TradingView.
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Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!)
Fusion: Monster Breakout IndexThis indicator is designed to display on both the main chart and a separate chart area. If you want to display it on the main chart then flip the 4 display options. Well... you might want to:
Disable it first
Move it
Flip the display options
and then show it so the move doesn't look ugly.
Display options:
On a separate chart it will display red and lime bars showning potential breakouts.
On the main chart it will show a channel.
Personally like to see it both ways so I generally have two copies of it with one on the main chart.
The " Bar back marker " option is a tiny down arrow at the top of the chart showing where the length of the lookback starts from the current bar. So, if you set the length to 10 then this will be 10 bars back from the current bar. You can show it on or off the main chart but it's not all that visually tasteful off the main chart.
The length is certainly not some optimized setting so set to whatever suits your needs.
The source I set at hl2 which makes more sense to me than the default most people use of close so again, don't assume the settings are correct for your environment... play with it.
Credit:
Modified from the "Monster Breakout Index" by racer8 under the licence of: This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
The code is structured to easily drop into a bigger system so use it as a lone indicator or add the code to some bigger project you are creating. If you do, send me a note, it would be nice to know it's being well used.
Finally, if you find value please do make a comment, give a thumbs up etc.
Enjoy and good luck!
PriceCatch Breakout Signals IOHi TradingView Community.
Here is a script that identifies and marks two different breakout levels on the chart. It works on all instruments - equities, forex, crypto & commodities.
Probable Breakout Buy Level
Stop-Reverse Buy Level
The above chart is self-explanatory. The script uses two different formulas to look out for breakouts. This logic opens up more opportunities.
As the levels are marked in advance before the breakouts occur, it will give traders ample time to study further and plan the trade.
PLAYING SAFE
After taking the trade, to play safe, I follow this method that once the Low of the price goes above the Breakout Level, I usually shift the stop loss to buy price to protect against any sudden reversal. For me protecting capital is important. As usual with price action, longer time-frames produce more reliable signals.
STOP LOSS
While the initial stop level is suggested, traders may also use the ATR to set stop loss. Users may find my free script 'ATR value on Chart' useful.
NOTE - PRIOR TO USING THIS SCRIPT:
You may use this script in addition to your other indicators or independently. Please remember that the script is shared with absolutely no assurances and warranties whatsoever regarding usability and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are convinced it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script. The script does not identify any short signals.
QUERIES/FEEDBACK
Please PM me.
Regards to all and wish everyone all the best with trading.
Matze BreakoutShows 2 different states of breakout:
Arrow = unusual volume, raising volume, positiv rate of change, standard deviation breakout
Bolt = very unusual volume, very high standard deviation breakout
TradeChartist Donchian Channels Breakout Filter™TradeChartist Donchian Channels Breakout Filter is an elegant version of the classic Donchian Channels with few extra variations and option to filter breakouts based on user preferred Breakout price selection to generate Trade Entries.
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Features of ™TradeChartist Donchian Channels Breakout Filter
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Option to plot Donchian Channels of user preferred length, based on the Source price in addition to High/Low Donchian Channels.
Generates trade entries based on user preferred Breakout Price. For example, if the user prefers HL2 as breakout price, irrespective of the Donchian Channels type, trade entries are generated only when hl2 price (average of high/low) breaks out of the upper or lower band.
Option to plot background colour based on Breakout trend. The bull zones are filled with green background, the Bear zones are filled with red background and the bar that broke out is filled with orange background.
Option to colour price bars using Donchian Channels price trend. The Donchian Channels basis line is plotted using the same colours as coloured bars as default.
Alerts can be created for long and short entries using Once per Bar Close .
Note: This script does not repaint . To use the script for trade entries, wait for the bar close and use a second confirmator (includes fundamentals) based on asset type as some markets require users to have good pulse on the fundamentals as trading by Technicals/price action dynamic alone may not be safe.
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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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Fearzone & Greedzone Levels - Contrarian & Breakout (Expo)"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Fearzone & Greedzone Levels - Contrarian & Breakout (Expo) is a contrarian and breakout indicator that gives us an indication when fear and greed begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
This indicator can both be used to identify potential reversal points and be used to identify breakouts from previous Fear and Greed Levels.
The Fearzone and Greedzone can be visualized with candlesticks or with circles depending on what you prefer.
Alert conditions are added.
HOW TO USE
1. Use the indicator to identify when investors are fearful and greedy.
2. Use the indicator to identify potential reversal points.
3. Use the indicator to identify potential breakouts.
INDICATOR IN ACTION
4 hour chart
4 hour 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!
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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!
BEST Long Term Levels Breakout ScreenerHello traders
Continuing deeper and stronger with the screeners' educational serie one more time (#daft #punk #private #joke)
We don't have to wait for TradingView to allow screener based on custom indicator - we can build our own ^^
I - Long Terms concept
I had the idea from @scarff.
I think it's genius and I use this long terms level in my trading across all assets.
The screener, in particular, analyzes whenever the price breaks out a weekly/monthly/quarterly/yearly level on candle close .
Triggering events on candle close = we get rid of the REPAINTING = we remove the fake signals (in that case the fake breakouts).
The candle close is based on the close of the current chart => if the chart displays candlesticks on the weekly timeframe, then the considered close will be the weekly close.
If in daily timeframe, the close will be .............................. 4h (#wrong)..... kidding :) .............. DAILY obviously
II - How did I set the screener
The visual signals are as follow:
- square: breakout of a high/low weekly level
- circle: breakout of a high/low monthly level
- diamond: breakout of a high/low quarterly level
- flag: breakout of a high/low yearly level
- dash: none of the above
Then the colors are:
- green when bullish
- red when bearish
- orange/dash when none of the above
Cool Hacks
"But sir... what can we do with only 3 instruments for a screener?" I agree not much but...
As said previously... you can add multiple times the same indicator on a chart :)
Wishing you all the BEST trading and.... wait for it... BEST weekend
Dave
Fractal Breakout Trend Following System█ OVERVIEW
The Fractal Breakout Trend Following System is a custom technical analysis tool designed to pinpoint significant fractal pivot points and breakout levels. By analyzing price action through configurable pivot parameters, this indicator dynamically identifies key support and resistance zones. It not only marks crucial highs and lows on the chart but also signals potential trend reversals through real-time breakout detections, helping traders capture shifts in market momentum.
█ KEY FEATURES
Fractal Pivot Detection
Utilizes user-defined left and right pivot lengths to detect local highs (pivot highs) and lows (pivot lows). This fractal-based approach ensures that only meaningful price moves are considered, effectively filtering out minor market noise.
Dynamic Line Visualization
Upon confirmation of a pivot, the system draws a dynamic line representing resistance (from pivot highs) or support (from pivot lows). These lines extend across the chart until a breakout occurs, offering a continuous visual guide to key levels.
Trend Breakout Signals
Monitors for price crossovers relative to the drawn pivot lines. A crossover above a resistance line signals a bullish breakout, while a crossunder below a support line indicates a bearish move, thus updating the prevailing trend.
Pivot Labelling
Assigns labels such as "HH", "LH", "LL", or "HL" to detected pivots based on their relative values.
It uses the following designations:
HH (Higher High) : Indicates that the current pivot high is greater than the previous pivot high, suggesting continued upward momentum.
LH (Lower High) : Signals that the current pivot high is lower than the previous pivot high, which may hint at a potential reversal within an uptrend.
LL (Lower Low) : Shows that the current pivot low is lower than the previous pivot low, confirming sustained downward pressure.
HL (Higher Low) : Reveals that the current pivot low is higher than the previous pivot low, potentially indicating the beginning of an upward reversal in a downtrend.
These labels provide traders with immediate insight into the market structure and recent price behavior.
Customizable Visual Settings
Offers various customization options:
• Adjust pivot sensitivity via left/right pivot inputs.
• Toggle pivot labels on or off.
• Enable background color changes to reflect bullish or bearish trends.
• Choose preferred colors for bullish (e.g., green) and bearish (e.g., red) signals.
█ UNDERLYING METHODOLOGY & CALCULATIONS
Fractal Pivot Calculation
The script employs a sliding window technique using configurable left and right parameters to identify local highs and lows. Detected pivot values are sanitized to ensure consistency in subsequent calculations.
Dynamic Line Plotting
When a new pivot is detected, a corresponding line is drawn from the pivot point. This line extends until the price breaks the level, at which point it is reset. This method provides a continuous reference for support and resistance.
Trend Breakout Identification
By continuously monitoring price interactions with the pivot lines, the indicator identifies breakouts. A price crossover above a resistance line suggests a bullish breakout, while a crossunder below a support line indicates a bearish shift. The current trend is updated accordingly.
Pivot Label Assignment
The system compares the current pivot with the previous one to determine if the move represents a higher high, lower high, higher low, or lower low. This classification helps traders understand the underlying market momentum.
█ HOW TO USE THE INDICATOR
1 — Apply the Indicator
• Add the Fractal Breakout Trend Following System to your chart to begin visualizing dynamic pivot points and breakout signals.
2 — Adjust Settings for Your Market
• Pivot Detection – Configure the left and right pivot lengths for both highs and lows to suit your desired sensitivity:
- Use shorter lengths for more responsive signals in fast-moving markets.
- Use longer lengths to filter out minor fluctuations in volatile conditions.
• Visual Customization – Toggle the display of pivot labels and background color changes. Select your preferred colors for bullish and bearish trends.
3 — Interpret the Signals
• Support & Resistance Lines – Observe the dynamically drawn lines that represent key pivot levels.
• Pivot Labels – Look for labels like "HH", "LH", "LL", and "HL" to quickly assess market structure and trend behavior.
• Trend Signals – Watch for price crossovers and corresponding background color shifts to gauge bullish or bearish breakouts.
4 — Integrate with Your Trading Strategy
• Use the identified pivot points as potential support and resistance levels.
• Combine breakout signals with other technical indicators for comprehensive trade confirmation.
• Adjust the sensitivity settings to tailor the indicator to various instruments and market conditions.
█ CONCLUSION
The Fractal Breakout Trend Following System offers a robust framework for identifying critical fractal pivot points and potential breakout opportunities. With its dynamic line plotting, clear pivot labeling, and customizable visual settings, this indicator equips traders with actionable insights to enhance decision-making and optimize entry and exit strategies.
Opening Range with Breakouts & Targets [LuxAlgo]Opening Range with Breakouts & Targets is based on the long-standing Opening Range Breakout strategy popularized by traders such as Toby Crabel and Mark Fisher.
This indicator measures and displays the price range created from the first period within a new trading session, along with price breakouts from that range and targets associated with the range width.
🔶 USAGE
The Opening Range (OR) can be a powerful tool for making a clear distinction between ranging and trending trading days. Using a rigid structure for drawing a range, provides a consistent basis to make judgments and comparisons that will better assist the user in determining a hypothesis for the day's price action.
NOTE: During a suspected "Range Day", the Opening Range can be used for reversion strategies, typically targeting the opposite extreme of the range or the mean of the range. However, more commonly the Opening Range is used for breakouts on suspected "Trend Days", targeting further upward or downward market movement.
The common Opening Range Breakout Strategy (ORB) outlines a structure to enter and exit positions based on rigid points determined by the Opening Range. This methodology can be adjusted based on markets or trading styles.
Determine Opening Range High & Low: These are the high and low price within a chosen period of time after the market opens. This can be customized to the user's trading style and preference. Common Ranges are from 5-60 mins.
Watch for a Breakout with Volume: A Breakout occurs when price crosses the OR High (ORH) or OR Low (ORL), an increase in volume is typically desired when witnessing these breakouts to confirm a stronger movement.
Manage Risk: Based on user preference and the appropriately determined amount of risk, multiple ways can be determined to manage risk by using Opening Range.
For Example: A stop-loss could be set at OR Mean (ORM) or the opposite side of the range, while a profit target could optionally be set at the first price target generated by the script.
Alternatively, a user might want to use a Moving Average (MA) as an adaptive stop-loss and use price targets to scale out. These are just 2 examples of the possible options, both capable with this tool.
🔹 Signals
Signals will fire based on the break of the opening range, this is indicated by arrows above and below the range boundaries.
Optionally, a bias can be added to these signals to aid in mitigating false signals by using a directional filter based on the current day's OR relative to the previous day's OR.
Regardless of the signal bias being enabled, the Opening Range Zone will always be colored directionally according to this.
If the current day's OR is above the previous day's OR, the Zone will be Green.
If the current day's OR is below the previous day's OR, the Zone will be Red.
By enabling the signal bias, signals in the opposite direction of the daily bias will fire on the cross of the first target in that direction.
🔹 Targets
In this indicator, targets are not limited and will generate infinitely based on a % width of the Opening Range.
Additionally, there are 2 display methods for these targets.
Extended: Extends the targets to the current bar and displays all targets that have been crossed so far within the session.
Adaptive: Extends only the 2 closest targets surrounding price, allowing for a display consisting of fewer lines at one time.
🔶 DETAILS
🔹 Historical Display
This indicator can be utilized in multiple ways, for use in real-time, and for historical analysis to form methods. Because of this, the indicator has an option to display only the current day's data or the entire historical data. This can also help clean up the chart when it is in use.
🔹 Time Period
The specific time period to create the opening range is entirely up to each user's preference, by default it is set to 30 mins; however, this time period can be edited with full control if desired.
Simply toggle on the "Custom Range" and input a range of time to create the range.
🔹 Session Moving Average
The Session Moving Average is a common Moving Average, which resets at the beginning of a new session. This allows for an unbiased MA that was created entirely from the current session's price action.
Note: The start of the session is determined by the start of the Opening Range if using a custom range of time.
🔶 SETTINGS
Show Historical Data: Choose to display only the current session's data or the full history of data.
Opening Range Time Period: Select the time period to form the opening range from. This operates on Session Start, so it will change with the chart.
Custom Range: Opt for a custom Range by enabling this and inputting your range times as well as your needed timezone.
Breakout Signal Bias: Select if the Breakout Signals will use a Daily Directional Bias for firing.
Target % of Range: Sets the % of the Range width that will be used as an increment for the Targets to display in.
Target Cross Source: Choose to use the Close price or High/Low price as the crossing level for Target displays. When this source crosses a target it will generate more targets.
Target Display: Choose which style of display to use for targets.
Session Moving Average: Optionally enable a Moving average of your choice that resets at the beginning of each session (start of opening range).
Session Breakout/Sweep with alertsThis indicator is based on popular London breakout strategy. but as I noticed that it don't work good with breakouts so I made it to be used as reversal entries as well. By default the timing is set for asian session but you can change it according to your need.
Use as breakout
Use as liquidity sweep
Note:
On some pairs the timing changes automatically (I don't know why), if you face this issue , go to settings and set the timing accordingly and save it as templet so that you don't have to change it every time you load the chart with timing issue.
I hope you guys find it useful. Do share your though and feedback in comments.
Squeeze Breakout by HayemakerCustom squeeze indicator with alerts for breakouts and trailing stop loss.
B3 Buyer-Seller BreakoutsB3 Buyer-Seller Breakouts = If a bar is showing that it is moving in a direction with highs lows and close, all of which are >respectively< moving against the open from the bar before, then it prints indicating buyers or sellers bringing momentum. The arrows and cloud carry into the next bar to give lots of awareness of the micro-term momentum. The cloud represents the better price range from which to add to a position.
This study repaints within the bar, most of my indicators do not, but this one is about timing to get an edge on adding to your already in play position, becoming part of the needed momentum to hit profit targets faster. Also, this theory helps you add to winners, and if you never add to losers, you now have statistical odds in your favor. I got the idea for the study reading about turtle trader method and how that statistical edge is really why it works, always adding on every breakout. Keep in mind that I never buy or sell breakouts to initiate trades, only to scale in.
~Cheers!~ ~B3
