Session Range and Breakout Summary
This script presents the session range and post session movements relative to that range of all the majors and crosses on a single page. You can also set it to a daily range and weekly range (beta). It will even show you the pip value of the range. I made the indicator to easily stay on top of market movements at london open relative to the Asia session range. Its very easy to see which entire currency group is breaking its asia range WHIST ITS HAPPENING. Focus on NZD in the examples as it was the market lead today - I was able to get some of it when I saw the entire group breaking its range
Showing all the majors and crosses relative to the Asia range (00:00 - 07:00 GMT)
Active 'show on chart' to verify the indicator is measuring the range correctly. Compare below to the NZD box above - you can see how NZD had control of the market this morning and all NZD pairs broke out of their ranges.
'PIP MODE' - active pip mode to see what the pip range was of the session
Notes
The information is presented RELATIVELY - this means that all the ranges and movements are scaled to be the same size. You are therefore seeing the movements relative to their ranges. When you see a breakout it relative to the size of the range - for example, if GBPJPY had a range of 50pips and breaks out of the range by 100 pip and GBPEUR has a range of 20 pips and breaks out by 40 pips they have both broken out double the range and will be displayed as the same distance.
The indicator will show the movements whilst the range is forming. I did this so I can see what the groups are doing before Europe open and be ready - such as lingering at the top end of its INCOMPLETE asia range. Be aware through that if the lines are flat at the top of the range WHILST THE RANGE IS STILL FORMING this does not mean price was flat, it means that price was pushing up and growing the range. (Price can't breakout until the range has formed at the end of the session)
The currency pairs are organised to show the strength or weakness of the selected group - this means that the base currency is always the select group. This is to present the data with currencies moving in the same direction rather than some reversed but meaning the same in relation to currency strength. In the NZD example:
NZDAUD (not AUDNZD )
NZDCAD
NZDCHF
NZDEUR (not EURNZD )
NZDGBP (not GBPNZD )
NZDJPY
NZDUSD
I hope its useful. This is the most powerful indicator I've managed to write yet. It was difficult to make the code efficient enough to fit into the pinescript limit and still do everything.
Komut dosyalarını "breakout" için ara
Zeta BreakoutIf I ask you what moves the price, most of you will say the same old answer: Demand & Supply
But who creates Demand & Supply? You or Me, the retailers? No. It is Big Institutions and Mutual Funds and Big Banks which create this demand and supply because the
share of retailers in Stock Market is so little it does not affect the price in a big way.
The Big Institutions, Mutual Funds, Big Banks or in some cases Governments, are collectively called Smart Money.
When Smart Money steps in, the previous levels of Support or Resistance are broken and then the up or down move starts which most probably goes a certain distance.
Now the Support or Resistance levels are not static, they are dynamic in nature and keep changing with the time.
How does this indicator work?
Zeta Breakout dynamically and automatically detects and marks these levels and when the price break-outs or break-downs or bounces up or down from these levels, the Buy or Sell Signals are generated for you to follow.
The indicator keeps watching previous or newly created levels of Support or Resistance and as soon as price crosses these levels or bounces from these levels, the user is alerted in the form of 'Buy' or 'Sell' Signals.
How to use this indicator?
1. When you see a Buy Signal, take Buy Position and hold it till either (a) You see opposite signal or (b) Your Stop Loss is hit which is ideally the low of candle preceding the signal candle or any other user defined SL. If your stop loss is hit and then price again starts moving in the same direction as indicated by the last Buy signal, take a fresh position as soon as the price crosses the level where previous signal is sitting.
2. When you see a Sell Signal, close your Buy Position, take a Sell position and hold it till either (a) You see opposite signal or (b) Your Stop Loss is hit which is ideally the high of candle preceding the signal candle or any user defined SL. If your stop loss is hit and then price again starts moving in the same direction as indicated by the last Sell signal, take a fresh position as soon as the price crosses the level where previous signal is sitting.
What are the target instruments/markets for this indicator?
This indicator can be used on Stocks, Indices, Gold , Silver , Currency Pairs, Crude Oil or anything being trades on any exchange in the world.
This indicator is not limited to any specific time-frame. You may select any time-frame which suits your trading style.
How can you get this indicator?
This is an invite-only paid indicator but we can give you FREE TRIAL for 05 days if you are interested.
For Free Trial, send a message to @jellygill
Truenomic's Volume BreakoutAn indicator that determines the breakout of the standard deviation of volume over a certain period.
[RS]The Breakout IndicatorSignals when there is a breakout from the trading range(donchian channel up to 300 bars back).
Pascal's 4h Compression BreakoutThis indicator aims to identify areas of price compression, by looking for two consecutive "inside candles" on the 4h chart.
An inside candle is simply when the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low.
Once price compression is identified, the indicator draws a range based on the highest high and the lowest low of the two inside candles.
1) A break above the range is bullish.
2) A break below the range is bearish.
The script ALSO paints candles in blue that are likely to become strong horizontal S/R levels. This is, again, based on a candle pattern.
Please note:
1) This indicator is only meant to be used on BITMEX:XBTUSD (on the 4h or 1h chart).
2) You will have to apply some discretion to profitably trade with this indicator. Use SFPs and horizontal S/R levels to judge if a breakout is worth trading.
Finally, use the indicator at your own risk. I am not responsible for any losses you may incur.
My objective with this indicator g is to hopefully give you something that you can build upon, and NOT a script to blindly copy trade.
The concept of market compression is powerful. There are countless ways in which you can build a system around it.
This is just the tip of the iceberg.
Cheers.
Custom Candle BreakOut ORB with Alerts [MV]This is Indicator base on Custom Bar Breakout
Indicator Feature
You can also add alerts Long, Short, Long-side-exit, Short-side-exit
you can Change Take profit Percentage
In future, I will Enhance and update this Indicator
if you have any suggestion Mention There
Thank you :-)
Breakout Strategy IndicatorBreakout strategy indicator version.
Backtested strategy version can be found on my published scripts
Combo Strategy 123 Reversal & Breakout Range Short This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Breakout Range Short Strategy
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategy 123 Reversal & Breakout Range Long This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Breakout Range Long Strategy
WARNING:
- For purpose educate only
- This script to change bars colors.
HV ID/ND4 BreakoutThis indicator is based on Linda Raschke's ID/ND4 Historical Volatility Breakout strategy. It finds days where the high and low are within the previous day high and lows (Inside days), that have also, the narrowest trading range within the last 4 days (it basically checks if the current day has the narrowest range comparing it with the previous 3 days) when the short term historical volatility (6 period default) is relatively low compared to the longer term historical volatility (100 period default) (The condition is that the 6/100 Historical volatility is below 50% of its annual range).
More information about how to trade this strategy is described in the book but basically, you would want to place a resting buy and sell stops at the high and low of the day highlighted and enter if you get filled the next day.
Hoffman A/D BreakoutStudy based on Rob Hoffman's Accumulation/Distribution Breakout strategy.
- Green circle on the top wick indicates a "Distribution" wick
- Red circle on the bottom wick indicates an "Accumulation" wick
- A distribution wick in an uptrend gets marked as a Key Resistance. This is marked with green crosses
- An Accumulation wick in a downtrend gets marked as a Key Support. This is marked with red crosses
- Breaking above the Key Resistance indicates a buy entry. This is marked by a green background.
- Breaking below the Key Support indicates a sell entry. This is marked by a red background
Fractal Breakout V2Version 2 of my fractal pattern aid ( Version 1 ).
I added a bouncing line between the high and low trend lines, connecting consecutive extreme points. I also chased down a pesky bug in the slope calculation...and for now I have disabled the ability to change resolution basis for extreme detection (e.g. 30m on a 1hr chart).
For fun, I added some shading to make it more apparent at a glance what is happening, but if you find it gimmicky, there's an option to turn that off.
I am inexperienced with pattern recognition, so please send feedback if you have any ideas that would make this more useful.
Thanks!
Lemrin
Volume BreakoutVolume breakout against pivot, make sure that price closes above pivot within the next few candles from purple/blue candle.
Inside Bar Breakout FailureSimple indicator to highlight Inside Bar Breakout Failure patterns on chart.
[JR] Multi Bollinger Heat Bands - EMA/Breakout optionsA little, yet hopefully useful update over my previous "Multi Bollinger Heat Bands". For those who like quick visual cue's.
In short: It's your Basic Bollinger Bands, but 3 of them, and some pointy things.
In full:
Three stacked SMA based Bollinger Bands designed just to give you a quick visual on the "heat" of movement.
Set inner band as you would expect, then set your preferred additional multiplier increments for the outer 2 bands.
Option to use EMA as alternative basis, rather than SMA.
Breakout indication shapes, which have their own multiplier (but still tied to same length/period as the BB's) so you can make them pop on their own separate "band".
[RS]Bollinger Bands Breakout Candles V0EXPERIMENTAL: a experiment using bollingers and directional momentum, Breakout detector.
Opening Range Breakout with 2 Profit Targets.Opening Range Breakout with 2 Profit Targets.
Updated Indicator now works on all Symbols with Many Different Session Options.
***Known PineScript Issue…While the Opening Range is being Formed the lines only adjust for that individual bar. Just reset Indicator after Opening Range Completes.
***All Times are Based on New York Time
Session Options Forex U.S. Banks Open (8:00), Gold U.S. Open (8:20), Oil U.S. Open (9:00), U.S. Cash Session - Stocks (9:30), NY Forex Open (17:00) , Europe Open (02:00), or if you choose Setting 0 the Session Runs from 00:00 to 00:00 (Midnight to Midnight).
***Ability to use 60 minute Opening Range, 30 minute, 15 minute, and many other options.
***However you can manually change the times in the Inputs Tab to adjust for any session you prefer. This is useful for Day Light Savings Adjustments. Also the default times work if your charts are set to EST Time. If you use A different time zone in your settings you need to Adjust the times in the inputs tab.
Initially Opening Range High and Low plot as Yellow Lines. If Price Goes Above Opening Range then Line Turns Green. If Price Goes Below Opening Range Line Turns Red.
By default the First Profit Target is 1/2 the Width of the Opening Range and the 2nd Profit Target is 1 Times the Opening Range. However these are Adjustable in the Inputs Tab.
By Default the Opening Range Length is 1 Hour. However, you can Change the Opening Range Length to 15 min, 30 min, 2 hours etc. in the Inputs Tab.
Plots a 1 Above or Below Candle when 1st Profit Target is Achieved, and a 2 when 2nd Profit Target is Achieved.
Breakout & Distribution DetectorHow the Script Works:
1. Bollinger Bands:
• The upper and lower Bollinger Bands are used to detect volatility and potential breakouts. When the price closes above the upper band, it’s considered a bullish breakout. When the price closes below the lower band, it’s a bearish breakout.
2. RSI (Relative Strength Index):
• The RSI is used for momentum confirmation. A bullish breakout is confirmed if the RSI is above 50, and a bearish breakout is confirmed if the RSI is below 50.
• If the RSI enters overbought (above 70) or oversold (below 30) levels, it signals a distribution phase, indicating the market may be ready to reverse or consolidate.
3. Moving Average:
• A simple moving average (SMA) of 20 periods is used to ensure we’re trading in the direction of the trend. Breakouts above the upper Bollinger Band are valid if the price is above the SMA, while breakouts below the lower Bollinger Band are valid if the price is below the SMA.
4. Signals and Alerts:
• BUY Signal: A green “BUY” label appears below the candle if a bullish breakout is detected.
• SELL Signal: A red “SELL” label appears above the candle if a bearish breakout is detected.
• Distribution Phase: The background turns purple if the market enters a distribution phase (RSI in overbought or oversold territory).
• Alerts: You can set alerts based on these conditions to get notifications for breakouts or when the market enters a distribution phase.