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VIX Cheat SheetHello! This indicator - "VIX Cheat Sheet" - performs several calculations for $VIX against the asset on your chart. However, using $VIX as a risk proxy or volatility metric often fails beyond large-cap U.S equities. To remedy this, the VixFix indicator is included in the script; you can select whether the script performs calculations for an asset against $VIX or against VixFix (i.e. Forex, Crypto) Measured are: $VIX correlation to an asset's price fluctuations, the average close-to-close gain/loss subsequent a $VIX/VixFix close above the upper Bollinger Band, the average 5-session gain/loss following the same occurrence in addition to the average 10-session gain/loss, all close-to-close, 5 session, and 10-session gains/losses are stored as tooltips for labels on the chart. The current close-to-close percentage gain/loss for $VIX and VixFix are displayed on the chart. Displayed in the example image is a box incorporating $VIX price data alongside an upper Bollinger Band and lower Bollinger Band. The data isn't cast to its own price scale but is helpful for quick interpretation of $VIX fluctuations. You can select to plot VixFix data in the box in the user inputs table. Displayed in the second example image is a semi-transparent blue box encompassing all price moves that occurred when $VIX measured above $40 for at least ten consecutive sessions. The largest percentage close-to-close loss is displayed below the box. Also illustrated is a red label that appears when $VIX or VixFix closes above the upper Bollinger Band. The indicator will calculate and display the performance of the asset for the subsequent 10 sessions, to which the red label will disappear and all data stored as a tooltip in the blue labels stating "VIX Closed Above Upper Band" or "VixFix Closed Above Upper Band". To reduce chart clutter, a label and line combination marking all $VIX closes above the upper Bollinger Band was not included. Instead, bar color changes were added. When "$VIX" is selected in the user inputs table the indicator will mark all sessions in which $VIX closed above the upper band as blue, in addition to plotting $VIX price data in the dynamic black box. When "VixFix" is selected, the indicator will mark all sessions where VixFix closed above the upper band as purple; the VixFix indicator will be plotted in the black box. Be sure to hover over labels to access tooltip information; try the indicator with bar replay!
Pine Script® göstergesi
KioseffTrading tarafından
32
RVOL - R4RocketRelative volume or RVOL for short is an indicator that is used to measure how 'In Play' the stock is. Simply put, it helps to quantify how interested everybody is in the given stock - higher the value, higher the interest and hence higher is the probability for movement in the stock. I have tried to create RVOL (Relative Volume ) Indicator as per the description that I read on SMB Capital blog. The blog is a great resource. ................................................................................................................................................................................... How to use the indicator - The indicator is meant for INTRADAY ONLY. The indicator has following inputs - 1. RVOL Period - Value from 3 to 14 (Default Value = 4) This is used to calculate the average volume over the given period of days. e.g. average volume for the last 5 days, last 3 days, last 10 days etc. NOTE - If you use higher RVOL Period on smaller timeframes, the code will give an error. So I recommend using 4 or lower for 5 min timeframe. (Nothing will work on 1 min chart and you can experiment for other timeframes.) 2. RVOL Sectional - True / False (Default Value = False) If you check this box then you will be able to calculate the RVOL for a particular session (or between particular sessions) in that trading day. What do I mean by session? Well I have divided the trading day into 6 (almost) equally spaced sessions in time, i.e. 6 hours and 15 mins (for NSE - India) of trading day is divided into 1 hr - 1st session, 1 hr - 2nd session, 1 hr - 3rd session, 1 hr - 4th session, 1 hr - 5th session, 1 hr and 15 min - 6th session. Before using 3rd and 4th inputs of indicator, RVOL Sectional box MUST BE CHECKED FIRST. 3. RVOL From Session - 1 to 6 (Default Value = 1) 4. RVOL To Session - 1 to 6 (Default Value = 2) Now if you select 2 in "RVOL From Session" input and 3 in "RVOL To Session" input, the indicator will calculate RVOL for the 2nd and 3rd hour of the trading day. If you select 3 in both the inputs, then the indicator will give RVOL for the 3rd hour of the trading day. 5. RVOL Trigger - 0.2 to 10 (Default Value = 2) Filter to find days having RVOL above that value. The indicator turns green (or colour of your choice) when RVOL is more than "RVOL Trigger". ................................................................................................................................................................................... Hope this indicator will add some value in your trading endeavor. “Only The Game, Can Teach You The Game” – Jesse Livermore Yours sincerely, R4Rocket **If you have some awesome idea for improvement of the indicator - request you to update the code and share the same.
Pine Script® göstergesi
R4Rocket tarafından
21
X Opens+Overview: The X Opens+ indicator is a precision tool designed for traders seeking to analyze market structure and behavior around key timeframe opens. It highlights the open prices of custom-selected higher timeframes—such as daily, weekly, or monthly sessions—and visualizes them directly on lower timeframes. These open levels often coincide with high-volume zones, market imbalance, and institutional interest, making them powerful reference points for intraday and swing trading strategies. Key Features: Custom Timeframe Anchoring: Users can select any timeframe (e.g., daily, 4H, 1W) to display its current and previous session opens directly on their active chart. This allows for flexible multi-timeframe analysis within a single view. Price Reaction Zones: Timeframe opens are frequently areas of heightened liquidity and directional bias. By identifying these opens and their relationship to current price action, traders can anticipate areas of support/resistance, trend continuation, or reversal. Derived Midpoints and Ranges: The indicator also computes and displays the previous session’s range midpoint (EQ), as well as extension bands (e.g., ±1.0x or ±1.5x the prior range). These levels are useful for contextualizing volatility expansion and identifying breakout or fade setups around key open zones. Historical Session Mapping: In addition to live opens, the tool optionally displays opens and range-based levels from previous sessions. This historical layering gives traders a broader context of how price has respected or rejected these levels over time. Labeling and Customization: Each level can be labeled and color-coded to match user preferences. The visibility, size, and style of each element (e.g., lines, labels, bands) are fully configurable for visual clarity and user alignment. Use Cases: Confirming bias around daily or weekly opens, especially during market opens or key economic releases. Identifying equilibrium levels for mean reversion or continuation setups. Using ±1.0 and ±1.5 range projections as dynamic targets or invalidation zones. Anchoring to key sessions for volume profile or order flow-based strategies. Summary: X Opens+ is a data-driven utility that transforms static session opens into dynamic market tools. By spotlighting where institutional interest likely concentrates—at the opens of significant timeframes—this indicator provides traders with a structural edge in identifying key zones that influence price behavior throughout the trading day or week
Pine Script® göstergesi
KinetiCapital tarafından
Open Range Breakout (ORB) with Alerts 🚀 ChartsAlgo – Open Range Breakout (ORB) with Alerts The Open Range Breakout (ORB) Indicator by ChartsAlg is designed for intraday traders looking to capitalize on price movements after the market’s opening range. This tool is especially effective for futures (MNQ, MES) and high-volatility stocks or crypto where initial volatility sets the tone for the session. This indicator identifies a user-defined opening range window, plots the high/low lines of that range, and visually alerts users when price breaks out above or below the range — with options to customize breakout repetitions, background fill, and alerts. 💡 What is an Open Range Breakout (ORB)? The opening range represents the high and low established during the first few minutes of the trading session — usually 15 or 30 minutes. Many intraday strategies are based on the idea that breaking out of this initial range often signals strong momentum and trend continuation. Traders often enter: Long when price breaks above the range high. Short when price breaks below the range low. ⚙️ How It Works You define a session window (e.g., 09:30–09:45 EST). The indicator tracks the high and low during this time. Once the session ends, the high and low become your range breakout levels. The indicator then: Plots lines for visual clarity Optionally fills background between the range Triggers breakout signals if price crosses the levels Provides alerts when breakouts occur 🛠️ Settings Breakdown 🔹 Session Settings Range Session: Set your preferred window (e.g., 0930–0945). Can be premarket, first 30 mins, or any custom time. Time zone: Use "America/New York" for EST (default) or change to "GMT+0" for international traders. 🔹 Breakout Settings Bullish Breakout Signals: Number of allowed breakout alerts above the range. Bearish Breakout Signals: Number of allowed breakout alerts below the range. This prevents repeated alerts once breakout has been confirmed. 🔹 Display Settings Show Background Fill: Fills area between high/low of the range for easier visual analysis. Show Breakout Signals: Triangle markers plotted on the chart when breakouts happen. Only Show Today’s Range: Keeps the chart clean by showing only the most current day’s range. 🔹 Color Settings Range High/Low Line Colors: Choose any color for clarity. Range Fill Color: Customize the highlight area for your chart style. 📊 Chart Features Range High/Low Lines: Automatically plotted after range session ends. Visual Fill Box: Optional background shading between the opening range. Triangle Breakout Markers: Appear at the breakout candle. Alerts: Can be used with TradingView’s alert system to notify you of breakouts in real-time. 🔔 Alerts Two alert conditions are built in: Bullish Breakout: Triggers when price breaks above the high of the range. Bearish Breakout: Triggers when price breaks below the low of the range. Example Alert Message: 📈 “Bullish Breakout above Open Range on AAPL!” To activate: Click “🔔 Alerts” on TradingView. Set condition to this script. Choose “ORB Breakout Up” or “ORB Breakout Down”. Choose alert frequency and notification method. ⚠️ DISCLAIMER ChartsAlgo tools are for informational and educational purposes only. They are not financial advice or signals. Past performance does not guarantee future results. Use at your own risk and always implement solid risk management. By using this indicator, you agree that you are solely responsible for any trades or decisions made based on the information provided.
Pine Script® göstergesi
ChartsAlgo tarafından
Overnight ES Strategy: CBC + Fractal + RSI + ATR FilterThis script is designed for overnight trading of the E-mini S&P 500 futures (ES) between 6 PM and 11 PM EST. It combines multiple technical confluences to generate high-probability buy and sell signals, focusing on volatility-rich, low-liquidity evening sessions. Key Features: Candle Body Confluence (CBC) Approximation: Identifies candles with small real bodies compared to total range, simulating consolidation zones where price is likely to reverse. Williams Fractal Confirmation: Detects local tops and bottoms based on 5-bar fractal reversal patterns, helping validate breakout or reversal points. RSI Filter: Ensures momentum is supportive — buys only when RSI < 35 (oversold) and sells only when RSI > 65 (overbought). ATR Volatility Filter: Trades are only allowed if the Average True Range (ATR) exceeds a user-defined threshold, filtering out low-volatility, risky environments. Time Session Control: Signals are only generated during the user-defined evening session (default: 6 PM to 11 PM EST) to match market behavior. Real-Time Alerts Enabled: Alerts can be set for BUY or SELL conditions, enabling mobile notifications, emails, or pop-ups without constant chart monitoring. Recommended Settings: Chart Timeframe: 15-minute or 30-minute candles Assets: ES Mini (ES1!), NQ Mini, or other CME futures Session: New York Time (EST) ATR Threshold: Adjust based on market conditions; 5.0 suggested starting point for ES Mini on 15m. Important: This script only plots signals, it does not auto-execute trades. Always backtest and paper trade before using live capital. Volatility can vary; consider adjusting RSI and ATR filters based on market environment. Credits: Script designed based on confluence of price action, momentum, reversal structure, and volatility filtering principles used by professional traders. Inspired by Candle Body Confluence (CBC) theory and Williams fractal techniques.
Pine Script® göstergesi
Zack1077 tarafından
DC History & Daily Cross CountOkay, here is a technical document for the Pine Script indicator we developed. This can be used as a guide or description when publishing the script on TradingView or elsewhere. Technical Document: SMA Cross Signals & Static DC History (Death Cross) Version: 1.0 Date: April 14, 2025 Indicator Name: Specific Static DC History + Live Signals Pine Script Version: 5 1. Overview This TradingView indicator is designed to provide traders with visual signals for Simple Moving Average (SMA) crossovers, specifically focusing on the "Death Cross", while also presenting relevant historical context via a static data table and a real-time daily cross counter. It combines several features: Plotting of a fast and a slow Simple Moving Average (SMA). Visual identification and marking of "Death Cross" events (Fast SMA crossing below Slow SMA) directly on the price chart. A customizable table displaying static, pre-defined historical performance data of the S&P 500 following specific Death Crosses that occurred between 2016 and 2022. An optional label that counts the total number of SMA crosses (both Golden Crosses and Death Crosses) occurring during the current trading day/session, including extended hours if enabled by the user on their chart. 2. Features Customizable SMA Lengths: User-defined periods for both the Fast (default 50) and Slow (default 200) SMAs. Death Cross Signals: Clear visual markers (red triangles above the bar and optional background shading) when the Fast SMA closes below the Slow SMA. Optional SMA Plotting: Ability to show or hide the SMA lines themselves. Static Historical Performance Table: Displays fixed historical return data (1 Week, 1 Month, 3 Months, 6 Months, 1 Year) following specific S&P 500 Death Crosses that occurred on 1/11/2016, 12/7/2018, 3/30/2020, and 3/14/2022. Note: This data is static and does not change based on the current chart. Customizable Table Position: User can select the on-screen corner for the data table. Daily SMA Cross Counter: Optionally displays a label showing the cumulative number of times the Fast SMA has crossed above (Golden Cross) or below (Death Cross) the Slow SMA during the current trading day/session. Extended Hours Compatibility: The Daily Cross Counter includes crosses from pre-market and after-hours sessions if the user has "Extended Trading Hours" enabled on their TradingView chart settings. 3. Technical Explanation SMA Calculation: The script uses the built-in ta.sma(source, length) function, calculating the Simple Moving Average based on the close price of each bar for the user-defined fastLen and slowLen. Death Cross Detection: A Death Cross is detected using ta.crossunder(fastMA, slowMA). This function returns true on the first bar where the value of fastMA is less than the value of slowMA, after previously being greater than or equal to it. The comparison is based on the calculated SMA values at the close of each bar. Golden Cross Detection: Similarly, ta.crossover(fastMA, slowMA) is used to detect Golden Crosses for the daily counter. Visual Signals: The plotshape() function draws a red triangle above the bar where deathCross is true. The bgcolor() function applies a transparent red background to the bar where deathCross is true. Static Table Data: The historical performance data for the 4 specified dates (Jan 2016 - Mar 2022) is hardcoded into array variables within the script. This data was derived from a prior analysis (based on the initially provided image, source likely Dow Jones Market Data or similar) and is not calculated dynamically from the chart. The script iterates through these arrays and populates a table object on the last bar. Daily Cross Counter: A var int dailyCrossCount variable holds the count, ensuring persistence across bars within a day. ta.change(time("D")) detects the start of a new daily session based on the chart's symbol and session settings. When true, the dailyCrossCount is reset to 0. On each bar, if either deathCross or goldenCross is true, the dailyCrossCount is incremented. A label object displays the dailyCrossCount and is updated on the last bar (barstate.islast). Extended Hours Inclusion: The script inherently uses the data series provided by the chart. If the chart is configured to include Extended Trading Hours (ETH), the close prices used for SMA calculations will reflect ETH data, and crosses occurring during ETH will be detected and counted. 4. Settings (Inputs) Show Static Data Table (2016-2022) (Checkbox): Toggles the visibility of the table containing the fixed historical performance data. (Default: On) Table Position (Dropdown): Selects the corner or side of the chart where the static data table will be displayed. (Default: top_right) Plot 50/200 SMAs (Checkbox): Toggles the visibility of the Fast and Slow SMA lines on the chart. (Default: On) Fast MA Length (Integer Input): Sets the lookback period for the Fast Simple Moving Average. (Default: 50) Slow MA Length (Integer Input): Sets the lookback period for the Slow Simple Moving Average. (Default: 200) Show Daily Cross Count (Checkbox): Toggles the visibility of the label displaying the number of SMA crosses detected during the current day's session. (Default: On) 5. How to Use / Interpretation Apply the indicator to your desired chart (e.g., SPY, QQQ, /ES). Use the plotted SMA lines (if enabled) and the red triangle/background signals to identify potential trend changes indicated by Death Crosses based on your chosen MA lengths. Remember that these are lagging indicators. Refer to the static data table for historical context only. It shows how the S&P 500 performed following specific Death Crosses between 2016 and 2022. This data is fixed and does not predict future performance. Use the "Today's SMA Crosses" label (if enabled) to gauge the frequency of interaction between the chosen SMAs during the current session. A higher number might indicate choppier conditions or potential shifts on the chart's timeframe. Important: For the Daily Cross Counter to reflect pre-market/after-hours activity, ensure "Extended Trading Hours" (ETH) is enabled in your TradingView chart settings. Be aware that the number of crosses detected by the script (based on bar closes) may differ from visual interpretations of lines touching intraday, especially on lower timeframes. 6. Limitations Static Table Data: The performance data in the table is fixed to the 4 provided historical instances (2016-2022) and is not calculated dynamically or updated. It serves only as a historical reference point. Lagging Indicators: Moving Averages and their crosses are lagging indicators and may not signal trend changes precisely at tops or bottoms. Cross Calculation: Crosses are based on the closing price of each bar. Intraday price movements briefly piercing an SMA may not register as a confirmed cross. Daily Counter Definition: The definition of "Today" depends on the chart's session timing, which might not align perfectly with a calendar day. Whipsaws: On lower timeframes or during volatile periods, MA crosses can generate frequent signals (whipsaws) which may be less reliable. 7. Disclaimer This indicator is provided for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Trading involves significant risk, and past performance (including the historical data presented in the table) is not indicative of future results. Always conduct your own thorough research and consult with a qualified financial advisor before making any trading decisions.  
Pine Script® göstergesi
manindersinghx tarafından
Killzone Highlights with Volume [odnac] Description: This indicator seamlessly integrates volume analysis with kill zone highlights across different market sessions. The indicator dynamically displays trading volume and visually emphasizes key trading sessions in various time zones, including Asia, Europe, and New York (both AM and PM sessions). Users have the flexibility to customize the colors of bullish and bearish volume bars, as well as the transparency and color of the kill zone highlights, allowing for tailored visual analysis of trading periods. Features: Bullish and Bearish Volume Colors: Displays the volume of trades with user-defined colors for bullish (up) and bearish (down) candles. Killzone Highlights: Highlights the kill zones for Asia, Europe, New York AM, and New York PM sessions with user-defined colors and transparency. Customization Options: Allows users to adjust the colors, transparency, and time settings for each kill zone. Weekend Handling: Option to hide kill zone highlights during weekends. Timeframe Limitation: Users can set the maximum timeframe for which the kill zone highlights will be displayed. Usage: This indicator is designed for traders who want to gain insights into market activity during key trading sessions. By combining volume data with visually distinct kill zone highlights, it helps traders make informed decisions based on the most active trading periods. Ideal for intraday traders looking to leverage session-based strategies for more effective trading decisions.
Pine Script® göstergesi
odnac tarafından
Killzones & Previous High-Low Liquidity [odnac]This indicator is designed for use in intraday trading to visualize key "Killzones" (specific time windows during different global market sessions) and highlight liquidity levels based on previous highs and lows from the previous day and week. It helps traders identify potential market entry and exit points based on time-based trading zones and price action levels. Key Features: Killzone (Market Session Timeframes): Asia (2000-0000 UTC): Displays a shaded box over the Asia trading session. Europe (0200-0500 UTC): Highlights the European trading session. New York AM (0830-1100 UTC): Represents the morning session of the NY market. New York PM (1330-1600 UTC): Represents the afternoon session of the NY market. Each of these timeframes can be customized in terms of session start and end times, and the shaded areas will help identify high liquidity periods when the market tends to be more active. Previous High-Low Liquidity Zones: Previous Week's High/Low: Displays lines at the high and low of the previous week. These are important liquidity levels that can influence price action. Previous Day's High/Low: Shows the high and low from the previous trading day. These are also significant levels to watch for potential support and resistance. Filters and Customization: Position Filtering: The indicator allows users to filter out previous highs or lows if the current price doesn't align with those levels. For example, it can filter out previous week highs if the current price is lower than that level. Vertical Lines: Optional vertical lines to highlight key time points such as the start and end of the previous week and day. How It Works: The indicator visually draws "killzones" as shaded regions on the chart, indicating periods of increased market activity. This can help traders align their strategies with the most liquid periods of the day. The previous high and low lines (both for the previous week and the previous day) are drawn as solid lines and can be toggled on/off in the settings. Labels are added to indicate the specific levels and periods. The indicator provides clear visual cues, helping traders assess if the price is near important liquidity levels and whether the current market conditions align with those levels. Customizable Settings: You can control whether each Killzone and liquidity level is shown on the chart. Color customization for the various zones and lines is also available. The indicator also lets you decide whether to hide weekend data, set time-frame limits, and choose whether or not to show vertical lines at the beginning and end of each trading session. This indicator is aimed at traders who want to trade based on high-liquidity periods and understand where key support and resistance levels are likely to emerge based on previous price action.
Pine Script® göstergesi
odnac tarafından
3
NY 5M ORB-COMEX OpenThe indicator is designed to display dynamic and static key market levels, including Opening Range Breakout (ORB) levels, Initial Daily Range (IDR), and other important session levels. It offers extensive customization to accommodate a variety of trading strategies and sessions, all while providing an adaptable user interface for traders to personalize their charts. #### Key Features: 1. **Session Timings**: - The script allows you to define regular and extended market hours. These timings can be adjusted using input fields for the market open range, session start, and session end times, with default settings for the U.S. stock market. 2. **Opening Range Breakout (ORB)**: - You can enable or disable lines for the High/Low (H/L) and Open/Close (O/C) of the first 5-minute candle, which are key for ORB strategies. - Optional middle lines are provided for both H/L and O/C, offering additional reference points for price action. 3. **Multiple Plot Styles and Line Types**: - The script includes customization for line styles (Solid, Dashed, or Dotted) and colors for ORB, IDR, and session markers, giving traders flexibility in visualizing key market levels. 4. **Dynamic and Static Levels**: - Users can choose to display either dynamic or static lines for additional price levels that extend throughout the session. Dynamic levels automatically adapt based on the session’s high and low, while static levels are manually configured. - These lines can also display labels with the option to turn on or off their visibility. 5. **Custom Time Zone and Session Adjustments**: - The script offers full flexibility in adjusting session timings based on different time zones, which is crucial for global traders working in different markets. 6. **Background Shading**: - You can add shading between high and low levels for a more visual representation of ranges during specific sessions (e.g., ORB or IDR), and customize the color and transparency of this background. 7. **Comex Open Indicator**: - An additional feature highlights the Comex Open, with optional labels, making it useful for traders who follow commodities markets. #### Known Issues: - The indicator requires a chart with intraday time frames (e.g., 1-minute, 5-minute) for accurate display. - Extensive customization may lead to performance issues on lower-end machines or in high-frequency chart environments due to the number of drawn elements (lines, boxes, labels). This indicator is suitable for advanced traders who need detailed control over their session timing and price level analysis, with multiple layers of customization for visualizing key market behaviors.
Pine Script® göstergesi
Brockjava tarafından
1
Asian H&L v2 [notRolee]🔥 Asian H&L Indicator: This indicator is designed to mark the highs and lows of the Asian trading session directly on your chart, helping traders identify key price levels from this important session. The indicator automatically detects the high and low points during the Asian market hours and visually highlights these levels, making it easy to reference them throughout the trading day. 💎 How It Works: - Asian Session Highs and Lows: The indicator captures the price action within the Asian session (from to in UTC+2) and plots horizontal lines at the highest and lowest price points recorded during that period, but you can change the time zone anytime. - Dynamic Adjustments: As price action unfolds during the Asian session, the indicator updates the high and low points in real-time, ensuring you are always viewing the most accurate data. - Visual Customization: The highs and lows are highlighted using distinct colors and line styles to easily distinguish them on your chart, with past session levels optionally being displayed for reference. This makes it simple to identify key zones of support and resistance derived from the Asian session’s price action. ✅ How to Use It: - Support and Resistance: The Asian session highs and lows often serve as important support and resistance levels throughout the rest of the trading day. Traders can look for price to respect or break these levels, which can signal potential trade opportunities. - Breakout Strategies: When the price breaks above the Asian high or falls below the Asian low, it may indicate a breakout, suggesting a continuation of the move. Traders can use these breakouts as entry points into trending markets. - Range-Bound Trading: If the price remains between the Asian high and low, this can indicate a range-bound market. Traders might look for opportunities to trade reversals near these levels, using them as boundaries for taking profits or placing stop-losses. - Confluence with Other Indicators: The Asian session levels can also be used alongside other indicators to provide confirmation of trade setups. For instance, you could combine this indicator with trend indicators or oscillators to improve your entry and exit points. 🔑 Conclusion: This indicator offers a structured approach to trading around one of the most critical sessions of the global market. By marking the Asian highs and lows, it helps traders make informed decisions by leveraging key support and resistance zones that influence price action as other sessions (such as London and New York) begin. If you have any questions about this indicator, let me know in the comment section. -notRolee
Pine Script® göstergesi
notRolee tarafından
4
MultiTimeFrame Trends and Candle Bias (by MC) v1This MultiTimeFrame Trends and Candle Bias provides the trader a quick glance on how each timeframe is trending and what the current candle bias is in each timeframe. Interpreting Candle Bias : Green points to a bullish bias while red, a bearish bias for a given specific timeframe. For instance, if the current 1 hour candle bias is red, it means that the last hour, the bias has been bearish. If the Daily candle bias is red, it means that the day in question has been a bearish for this selected symbol. Interpreting MTF Trends: Trends for each time frame follows the simple moving average of the closing prices for the X number of candles you enter in the input section. So for example, if you decide to enter 6 for the 1-hour time frame, the trend for the last 6 hours will be shown and tracked; if on the Daily time frame, you enter 7, the trend for the last 7 days or 1 week will be shown and tracked. I have provided below (as well as on tooltips in the input section of this indicator) recommendations of what numbers to use depending on what kind of trader you are. What is a best setup for MultiTimeFrame Trends? Considerations Across All Timeframes: - Trading Style : Scalpers and very short-term intraday traders may prefer fewer candles (like 12 to 20), which allow them to react quickly to price changes. Swing traders or those holding positions for a few hours to a couple of days might prefer more candles (like 50 to 120) to identify more stable trends. - Market Conditions : In volatile markets, using more candles helps smooth out price fluctuations and provides a clearer trend signal. In trending markets, fewer candles might be sufficient to capture the trend. - Session-Based Adjustments : Traders may adjust their settings depending on the time of day or session they are trading. For example, during high-volatility periods like market open or close, using fewer candles can help capture quick moves. The number of preceding candles to use for estimating the recent trend can depend on various factors, including the type of market, the asset being traded, the timeframe, and the specific goals of your analysis. However, here are some general guidelines to help you decide: ### 1. **Short-Term Trends (Fast Moving Averages):** - **5 to 20 Candles**: If you want to capture a short-term trend, typically in day trading or scalping strategies, you might use 5 to 20 candles. This is common for fast-moving averages like the 9-period or 15-period moving averages. It reacts quickly to price changes, but it can also give more false signals due to market noise. ### 2. **Medium-Term Trends (Moderate Moving Averages):** - **20 to 50 Candles**: For a more balanced approach that reduces the impact of short-term volatility while still being responsive to trend changes, 20 to 50 candles are commonly used. This range is popular for swing trading strategies, where the goal is to capture trends that last several days to weeks. ### 3. **Long-Term Trends (Slow Moving Averages):** - **50 to 200 Candles**: To identify long-term trends, such as those seen in position trading or for confirming major trend directions, you might use 50 to 200 candles. The 50-period and 200-period moving averages are particularly well-known and are often used by traders to identify significant trend reversals or confirmations. ### 4. **Adaptive Approach:** - **Market Conditions**: In trending markets, fewer candles might be needed to identify a trend, while in choppy or range-bound markets, using more candles can help filter out noise. - **Volatility**: In highly volatile markets, more candles might be necessary to smooth out price action and avoid false signals. ### **Experiment and Backtesting:** The optimal number of candles can vary significantly based on the asset and strategy. It's often a good idea to backtest different periods to see which provides the best balance between responsiveness and reliability in identifying trends. You can use tools like the strategy tester in TradingView or other backtesting software to compare the performance of different settings. ### **General Recommendation:** - **For Shorter Timeframes** (e.g., 5m, 15m): 10-20 candles might be effective. - **For Medium Timeframes** (e.g., 1h, 4h): 20-50 candles are often a good starting point. - **For Longer Timeframes** (e.g., Daily, Weekly): 50-200 candles help capture major trends. If you're unsure, a common starting point for many traders is the 20-period moving average, which provides a balance between sensitivity and reliability. Guidelines for 1-Minute Timeframe: For the 1-minute (1M) timeframe, trend analysis typically focuses on very short-term price movements, which is crucial for scalping and ultra-short-term trading strategies. Here’s a breakdown of the number of preceding candles you might use: 1. **Very Short-Term Trend:** - **10 to 20 Candles (10 to 20 Minutes):** Using 10 to 20 candles captures about 10 to 20 minutes of price action. This range is suitable for scalpers who need to identify very short-term trends and make quick trading decisions. 2. **Short-Term Trend:** - **30 to 60 Candles (30 to 60 Minutes):** This period covers 30 to 60 minutes of trading, making it useful for traders looking to understand the trend over a full trading hour. It helps capture price movements and trends that develop within a single hour. 3. **Intraday Trend:** - **120 Candles (2 Hours):** Using 120 candles provides a view of the trend over approximately 2 hours. This is useful for traders who want to see how the market is trending throughout a larger portion of the trading day. 4. **Extended Intraday Trend:** - **240 to 480 Candles (4 to 8 Hours):** This longer period gives a broader view of the intraday trend, covering 4 to 8 hours. It’s helpful for identifying trends that span a significant portion of the trading day, which can be useful for traders looking to align with the broader intraday movement. **Considerations:** - **High Sensitivity:** The 1-minute timeframe is highly sensitive to market movements, so shorter periods (10 to 20 candles) can capture rapid price changes but may also generate noise. - **Market Volatility:** In highly volatile markets, using more candles (like 30 to 60 or more) helps smooth out the noise and provides a clearer trend signal. - **Trading Style:** Scalpers will typically use shorter periods to make very quick decisions. Traders holding positions for a bit longer, even within the same day, may use more candles to get a clearer picture of the trend. **Common Approaches:** - **5-Period Moving Average:** The 5-period moving average on a 1-minute chart can be used for extremely short-term trend signals, reacting quickly to price changes. - **20-Period Moving Average:** The 20-period moving average is a good choice for capturing short-term trends and can help filter out some of the noise while still being responsive. - **50-Period Moving Average:** The 50-period moving average provides a broader view of the trend and can help smooth out price movements over a longer intraday period. **Recommendation:** - **Start with 10 to 20 Candles:** For the most immediate and actionable signals, especially useful for scalping or very short-term trading. - **Use 30 to 60 Candles:** For a clearer view of trends that develop over an hour, suitable for those looking to trade within a single trading hour. - **Consider 120 Candles:** For observing broader intraday trends over 2 hours, helping align trades with more significant intraday movements. - **Explore 240 to 480 Candles:** For a longer intraday perspective, covering up to 8 hours, which can be useful for strategies that span a larger portion of the trading day. **Practical Example:** - **Scalpers:** If you’re executing trades every few minutes, start with 10 to 20 candles to get rapid trend signals. - **Short-Term Traders:** For trends that last an hour or so, 30 to 60 candles will provide a better sense of direction while still being responsive. - **Intraday Traders:** For broader trends that span several hours, 120 candles will help you see the overall intraday movement. Experimentation and backtesting with these settings on historical data will help you fine-tune your approach to the 1-minute timeframe for your specific trading strategy and asset. Guidelines for 5, 15 and 30 min Timeframes: For shorter timeframes like 5, 15, and 30 minutes, the number of preceding candles you use will depend on how quickly you want to react to changes in the trend and the specific trading style you’re employing. Here's a breakdown for each: **5-Minute Timeframe:** 1. **Very Short-Term (Micro Trend):** - **12 to 20 Candles (60 to 100 Minutes):** Using 12 to 20 candles on a 5-minute chart captures 1 to 1.5 hours of price action. This is ideal for very short-term trades, such as scalping, where quick entries and exits are key. 2. **Short-Term Trend:** - **30 to 60 Candles (150 to 300 Minutes):** This period covers 2.5 to 5 hours, making it useful for intraday traders who want to identify the trend within a trading session. It helps capture the direction of the market during the most active parts of the day. 3. **Intra-Day Trend:** - **120 Candles (10 Hours):** Using 120 candles gives you a broad view of the trend over two trading sessions. This is useful for traders who want to understand the trend throughout the entire trading day. **15-Minute Timeframe:** 1. **Very Short-Term:** - **12 to 20 Candles (3 to 5 Hours):** On a 15-minute chart, this period covers 3 to 5 hours, making it useful for capturing the morning or afternoon trend within a trading day. It’s often used by intraday traders who need to make quick decisions. 2. **Short-Term Trend:** - **30 to 60 Candles (7.5 to 15 Hours):** This covers almost a full trading day to a day and a half. It’s popular among day traders who want to align their trades with the trend of the day or the previous trading session. 3. **Intra-Week Trend:** - **120 Candles (30 Hours):** This period spans about two trading days and is useful for traders looking to capture trends that may extend beyond a single trading day but not necessarily for an entire week. **30-Minute Timeframe:** 1. **Short-Term Trend:** - **12 to 20 Candles (6 to 10 Hours):** This period captures the trend over a single trading session. It's useful for day traders who want to understand the market’s direction throughout the day. 2. **Medium-Term Trend:** - **30 to 50 Candles (15 to 25 Hours):** This period covers about two trading days and is useful for short-term swing traders or intraday traders who are looking for trends that might last a couple of days. 3. **Intra-Week Trend:** - **100 to 120 Candles (50 to 60 Hours):** This longer period captures about 4 to 5 trading days, making it useful for traders who want to understand the broader trend over the course of the week. **Summary Recommendations:** - **5-Minute Chart:** - **12 to 20 candles** for very short-term trades. - **30 to 60 candles** for intraday trends within a single session. - **120 candles** for a broader view of the day’s trend. - **15-Minute Chart:** - **12 to 20 candles** for short-term trades within a few hours. - **30 to 60 candles** for trends lasting a full day or more. - **120 candles** for trends extending over a couple of days. - **30-Minute Chart:** - **12 to 20 candles** for understanding the daily trend. - **30 to 50 candles** for trends over a couple of days. - **100 to 120 candles** for an intra-week trend view. Experimenting with these settings and backtesting on historical data will help you find the optimal number of candles for your specific trading style and the assets you trade. Guidelines for 1H Timeframes: When analyzing trends on a 1-hour (1H) timeframe, you're focusing on short to medium-term trends, often used by day traders and short-term swing traders. Here’s how you can approach selecting the number of preceding candles: 1. **Short-Term Trend:** - **14 to 21 Candles (14 to 21 Hours):** Using 14 to 21 candles on a 1-hour chart captures roughly half a day to a full day of trading activity. This range is ideal for day traders who want to identify short-term momentum and trend changes within a single trading day. 2. **Medium-Term Trend:** - **50 Candles (2 Days):** A 50-period moving average on a 1-hour chart covers about two days of trading. This period is popular for identifying trends that may last a couple of days, making it useful for short-term swing traders. 3. **Longer-Term Trend:** - **100 Candles (4 Days):** Using 100 candles gives you a broader view of the trend over about four days of trading. This is helpful for traders who want to align their trades with a more sustained trend that spans the entire week. 4. **Very Short-Term (Micro Trend):** - **7 to 10 Candles (7 to 10 Hours):** For traders looking to capture micro trends or very short-term price movements, using 7 to 10 candles can provide a quick look at recent price action. This is often used for scalping or very short-term intraday strategies. **Considerations:** - **Market Volatility:** In highly volatile markets, using more candles (like 50 or 100) helps smooth out noise and provides a clearer trend signal. In less volatile conditions, fewer candles may suffice to capture trends. - **Trading Style:** If you are a day trader looking for quick moves, shorter periods (like 7 to 21 candles) might be more suitable. For those who hold positions for a day or two, longer periods (like 50 or 100 candles) can provide better trend confirmation. - **Asset Class:** The optimal number of candles can vary depending on the asset Guidelines for 4H Timeframes: When analyzing trends on a 4-hour (4H) timeframe, you’re generally looking to capture short to medium-term trends. This timeframe is popular among swing traders and intraday traders who want to balance between catching more significant market moves and not being too sensitive to noise. Here's how you can approach selecting the number of preceding candles: 1. **Short-Term Trend:** - **14 to 21 Candles (2 to 3 Days):** Using 14 to 21 candles on a 4-hour chart covers roughly 2 to 3 days of trading activity. This range is ideal for traders looking to capture short-term momentum, especially in markets where price action can move quickly within a few days. 2. **Medium-Term Trend:** - **50 Candles (8 to 10 Days):** A 50-period moving average on a 4-hour chart represents approximately 8 to 10 days of trading (considering 6 trading periods per day). This period is popular among swing traders for identifying trends that develop over the course of one to two weeks. 3. **Longer-Term Trend:** - **100 Candles (16 to 20 Days):** Using 100 candles gives you a broader view of the trend over about 3 to 4 weeks. This is useful for traders who want to align their trades with the more sustained market direction while still remaining responsive to recent changes. **Considerations:** - **Market Conditions:** In a trending market, fewer candles (like 14 or 21) may be enough to identify the trend, allowing for quicker responses to price movements. In a more volatile or range-bound market, using more candles (like 50 or 100) can help smooth out noise and avoid false signals. - **Trading Style:** If you are an intraday trader, shorter periods (14 to 21 candles) may be preferable, as they allow for quick entries and exits. Swing traders might lean towards the 50 to 100 candle range to capture trends that last several days to a few weeks. - **Volatility:** The higher the volatility of the asset, the more candles you might want to use to ensure that the trend signal is not too erratic. **Common Approaches:** - **20-Period Moving Average:** A 20-period moving average on a 4-hour chart is often used by traders to capture short-term trends that align with momentum over the past few days. - **50-Period Moving Average:** The 50-period moving average is widely used on the 4-hour chart to track medium-term trends. It provides a good balance between reacting to new trends and avoiding too many whipsaws. - **100-Period Moving Average:** The 100-period moving average offers insight into the longer-term trend on the 4-hour chart, helping to filter out short-term noise and confirm the overall market direction. **Recommendation:** - **Start with 20 Candles for Short-Term Trends:** This period is useful for capturing quick movements and short-term trends over a couple of days. - **Use 50 Candles for Medium-Term Trends:** This is a standard setting that provides a balanced view of the market over about 1 to 2 weeks. - **Consider 100 Candles for Longer-Term Trends:** This helps to identify more significant trends that have persisted for a few weeks. **Practical Example:** - **Intraday Traders:** If you’re focused on shorter-term trades and need to react quickly, using 14 to 21 candles will help you capture the most recent momentum. - **Swing Traders:** If you’re looking to hold positions for several days to a few weeks, starting with 50 candles will give you a clearer picture of the trend over that period. - **Position Traders:** For those holding positions for a longer duration within a month, using 100 candles helps to align with the broader trend while still being responsive enough for 4-hour price movements. Backtesting these settings on your chosen asset and strategy will help refine the optimal number of candles for your specific needs. Guidelines for Daily Timeframes: When analyzing trends on a daily timeframe, you're typically focusing on short to medium-term trends. Here’s how you can determine the optimal number of preceding candles: 1. **Short-Term Trend:** - **10 to 20 Candles (2 to 4 Weeks):** Using 10 to 20 daily candles captures about 2 to 4 weeks of price action. This is commonly used for identifying short-term trends, ideal for swing traders or those looking for quick entries and exits within a month. 2. **Medium-Term Trend:** - **50 Candles (2 to 3 Months):** The 50-day moving average is a classic choice for capturing medium-term trends. This period covers about 2 to 3 months of trading days and is often used by swing traders and investors to identify the trend over a quarter or a season. 3. **Long-Term Trend:** - **100 to 200 Candles (4 to 9 Months):** For longer-term trend analysis, using 100 to 200 daily candles gives you a broader perspective, covering approximately 4 to 9 months of price action. The 200-day moving average, in particular, is widely used by investors to determine the overall long-term trend and to assess market health. **Considerations:** - **Market Volatility:** In more volatile markets, using a larger number of candles (e.g., 50 or 200) helps smooth out noise and provides a more reliable trend signal. In less volatile markets, fewer candles might be sufficient to capture trends effectively. - **Trading Style:** Day traders might prefer shorter periods (like 10 or 20 candles) for quicker signals, while position traders and longer-term swing traders might opt for 50 to 200 candles to focus on more sustained trends. - **Asset Class:** The optimal number of candles can also depend on the asset class. For example, equities might have different optimal settings compared to forex or cryptocurrencies due to different volatility characteristics. **Common Approaches:** - **20-Period Moving Average:** The 20-day moving average is a popular choice for short-term trend analysis. It’s widely used by traders to identify the short-term direction and to make quick trading decisions. - **50-Period Moving Average:** The 50-day moving average is a staple for medium-term trend analysis, often used as a key indicator for both entry and exit points in swing trading. - **200-Period Moving Average:** The 200-day moving average is crucial for long-term trend identification. It's commonly used by investors and is often seen as a major support or resistance level. When the price is above the 200-day moving average, the market is generally considered to be in a long-term uptrend, and vice versa. **Recommendation:** - **Start with 20 Candles for Short-Term Trends:** This period is commonly used for identifying recent trends within the last few weeks. - **Use 50 Candles for Medium-Term Trends:** This provides a good balance between responsiveness and stability, making it a good fit for most swing trading strategies. - **Use 200 Candles for Long-Term Trends:** This period is ideal for long-term analysis and is particularly useful for investors looking at the overall market trend. **Practical Example:** - If you’re trading equities and want to catch short-term trends, start with 20 candles to identify trends that have developed over the past month. - If you’re more focused on medium to long-term trends, consider using 50 or 200 candles to ensure you’re aligned with the broader market direction. Experimenting with these periods and backtesting on historical data will help you determine the best setting for your particular strategy and the asset you're analyzing. Guidelines for Weekly Timeframes: When analyzing trends on a weekly timeframe, you're typically looking at intermediate to long-term trends. Here's how you might approach selecting the number of preceding candles: 1. **Intermediate-Term Trend:** - **13 to 26 Candles (3 to 6 Months):** Using 13 to 26 weekly candles corresponds to a period of 3 to 6 months. This range is effective for identifying intermediate-term trends, which is suitable for swing traders or those looking to hold positions for several weeks to a few months. 2. **Medium-Term Trend:** - **26 to 52 Candles (6 Months to 1 Year):** For a broader view, you might use 26 to 52 weekly candles. This represents 6 months to 1 year of price data, which is helpful for understanding the market’s behavior over a medium-term period. This range is commonly used by swing traders and position traders who are interested in capturing trends lasting several months. 3. **Long-Term Trend:** - **104 Candles (2 Years):** Using 104 weekly candles gives you a 2-year perspective. This can be useful for long-term trend analysis, particularly for investors or those looking to identify major trend reversals or continuations over a more extended period. **Considerations:** - **Market Type:** In trending markets, fewer candles (like 13 or 26) may work well, capturing the trend more quickly. In choppier or range-bound markets, using more candles can help reduce noise and avoid false signals. - **Asset Class:** The optimal number of candles can vary depending on the asset class. For example, equities might benefit from a slightly shorter lookback period compared to more volatile assets like commodities or cryptocurrencies. - **Volatility:** If the market or asset you're analyzing is highly volatile, using a higher number of candles (like 52 or 104) can help smooth out price fluctuations and provide a more stable trend signal. **Common Approaches:** - **20-Period Moving Average:** A 20-week moving average is popular among traders for identifying the intermediate trend. It’s responsive enough to capture significant trend changes while filtering out short-term noise. - **50-Period Moving Average:** The 50-week moving average is often used to identify longer-term trends and is commonly referenced in both technical analysis and by longer-term traders. - **200-Period Moving Average:** Although less common on weekly charts compared to daily charts, a 200-week moving average can be used to identify very long-term trends, such as multi-year market cycles. **Recommendation:** - **Start with 26 Candles:** This gives you a half-year perspective and is a good starting point for most analyses on a weekly timeframe. It balances sensitivity to recent trends with the ability to capture more significant, sustained movements. - **Adjust Based on Backtesting:** You can increase the number of candles to 52 if you find that you need more stability in the trend signal, or decrease to 13 if you're looking for a more responsive signal. Experimenting with different periods and backtesting on historical data can help determine the best setting for your specific strategy and asset class. Guidelines for Monthly Timeframes: For analyzing trends on monthly timeframes, you would generally be looking at much longer periods to capture the broader, long-term trend. Here's how you can approach it: 1. **Long-Term Trend (Primary Trend):** - **12 to 24 Candles (1 to 2 Years):** Using 12 to 24 monthly candles corresponds to a period of 1 to 2 years. This is typically sufficient to identify long-term trends and is commonly used by long-term investors or position traders who are interested in the overall direction of the market or asset over multiple years. 2. **Very Long-Term Trend (Secular Trend):** - **36 to 60 Candles (3 to 5 Years):** To capture very long-term secular trends, you might use 36 to 60 monthly candles. This would represent a time frame of 3 to 5 years and is often used for understanding macroeconomic trends or very long-term investment strategies. 3. **Ultra Long-Term Trend:** - **120 Candles (10 Years):** In some cases, especially for assets like indices or commodities that are analyzed over decades, using 120 monthly candles can help in identifying ultra long-term trends. This would be appropriate for strategic investors or those looking at generational market cycles. **Considerations:** - **Volatility and Stability:** Monthly timeframes generally smooth out short-term volatility, but they can also be slow to react to changes. Using a larger number of candles (e.g., 24 or more) can help ensure that the trend signal is robust and not prone to frequent whipsaws. - **Asset Class:** The choice of period might also depend on the asset class. For instance, equities might require fewer candles compared to commodities or currencies, which can exhibit different trend dynamics. - **Market Phases:** In different market phases (bullish, bearish, or sideways), the number of candles might need to be adjusted. For instance, in a strongly trending market, fewer candles might still provide a reliable trend indication, whereas in a more volatile or ranging market, more candles might be needed to smooth out the data. **Common Approaches:** - **50-Period Moving Average:** A 50-month moving average is popular among long-term traders and investors for identifying the primary trend. It offers a balance between capturing the overall trend and being responsive enough to significant changes. - **200-Period Moving Average:** Although rarely used on a monthly chart due to the long timeframe it represents (over 16 years), it can be useful for identifying very long-term secular trends, especially for broad market indices or in macroeconomic analysis. **Recommendation:** - **Start with 24 Candles:** This gives you a 2-year perspective on the trend and is a good starting point for most long-term analyses on monthly charts. Adjust upwards if you need a broader trend view, depending on the stability and nature of the asset you're analyzing. Experimentation and backtesting with your specific asset and strategy can help fine-tune the exact number of candles that work best for your analysis on a monthly timeframe.
Pine Script® göstergesi
mclee1.2006 tarafından
itradesize /\ Previous Liquidity x ICTI’d like to introduce a clean and simple RTH gap and liquidity levels indicator with additional Asian and London ranges, along with standard deviation levels and many customizable options. Previous D/W/M highs and lows are areas where liquidity tends to accumulate. This is because many traders place stop-loss orders around these levels, creating a concentration of buy stops above the previous day's high and sell stops below the previous day's low. High-frequency trading algorithms and institutional traders often target these areas to capture liquidity. What the indicator could show in summary? - Regular trading hours gap with deviations - Asia with deviations (lines or boxes) - London with deviations (lines or boxes) - Weekdays on chart - 3 AM candle marker - Previous D/W/M levels - Important opening times (08:00, 09:30, 10:00, 14:00, 00:00, 18:00)
- Daily separators By marking out the previous day's highs and lows, traders can create a framework for their trading day. This helps in identifying potential setups and understanding where significant price action might occur. It also aids in filtering out noise and focusing on the most relevant price levels. These levels can also act as potential reversal points. When the market reaches a previous high or low, it might reverse direction, especially if it has raided the liquidity resting there. This concept is part of a strategy where traders look for the market to raid these levels and then reverse, providing trading opportunities  The indicator shows previous liquidity levels on a daily, weekly, and monthly basis. It also displays opening times at 8:30, 9:30-10:00, 14:00-00:00, and 18:00. Opening times are crucial in trading because they help define specific periods when market activity is expected to be higher, which can lead to better trading opportunities.  The script has been made mostly for indices. You can create various entry and exit strategies based on the indicator. Please remember, that adequate knowledge of ICT is necessary for this to be beneficial.
 You might wonder why only these times are shown. This is because these are the times when the futures market is active or should be active. It's important to note that opening times can vary between different asset classes. 18:00 A new daily candle open 00:00 Midnight open 02:00 New 4-hour candle open 08:30 High-impact news 09:30 NY Equities open 10:00 New 4-hour candle open The concept of "Asian Killzone Standard Deviations" involves using the Asian trading session's price range to project potential price movements during subsequent trading sessions, such as the London or New York sessions. This is done by calculating standard deviations from the Asian range, which can help traders identify potential support and resistance levels. You can create a complete model by exclusively focusing on the Asian time zone. Deviations within this zone may have varying impacts on future price movements, and the Interbank Price Delivery Agreement (IPDA) often reflects Asia's high, close, and low prices. A similar approach can be taken with the London time zone. The standard deviation levels within each zone could potentially serve as support or indicate reversals, including liquidity hunts. It's important to backtest these ideas to gain reliable insights into when and where to apply them. * Asian Range: This is the price range established during the Asian trading session. It serves as a reference point for calculating standard deviations. * London Range: The same applies to the London range as well. Combine standard deviation projections with other technical analysis tools, such as order blocks or fair value gaps, to enhance accuracy. * Standard Deviations: These are statistical measures that indicate the amount of variation or dispersion from the average. In trading, they are used to project potential price levels beyond the current range. You can also use regular trading hours gap as a standalone model. The 4 STDV and 2.5 STDV levels are important for determining the high or low of the current price action.  The RTH gap is created when there is a difference between the closing price of a market at the end of one trading day and the opening price at the start of the next trading day. This gap can be upward (gap higher), downward (gap lower), or unchanged. It is significant because it often indicates market sentiment and can create inefficiencies that traders look to exploit. Alternatively, you can combine these elements to create a complete strategy for different scenarios.
Pine Script® göstergesi
itradesize tarafından
5
Range Projections [TFO]The purpose of this indicator is to see how often price reached certain standard deviations from a selected time range. The inspiration for this was to study ICT (Inner Circle Trader) concepts regarding the Central Bank Dealer’s Range (CBDR), which is 2:00 pm - 8:00 pm New York local time according to ICT Core Content. However, the idea and data collection could certainly be applied to any range of time. The main settings of this indicator are session time, range type, and the standard deviation filter. The session time is the window of price that will be utilized for range projections. The range type can be either body or wick (on the current timeframe). The standard deviation filter is used to eliminate sessions whose ranges (from high to low) are greater than the desired/input number of standard deviations from all available session ranges. In this example, the time range is set to 16:00 - 20:00, or the time between the New York session close and the Asia session open. Our standard deviations are set to 1, 2, 2.5, and 4. Now, by taking this session’s price range and extrapolating these extensions from the initial range, we can use these levels to see if and how price interacts with them before the next 16:00 - 20:00 session. Furthermore, we can enable the Data Table to analyze how often price trades to these levels for the sessions that are deemed valid (determined by the standard deviation filter). This time our standard deviations are set to 1, 2, 3, and 4. This concept can theoretically be applied to any window of time. ICT has mentioned that, in instances where the CBDR is too large, the Asia range may be used instead. We can observe that the indicator behaves the same way when we change the session to the Asia range, 20:00 - 00:00.
Pine Script® göstergesi
tradeforopp tarafından
24
ICT Seek & Destroy Profile [TFO]The goal of this indicator is to anticipate potentially "choppy" New York trading sessions, based on what price does during the Asia and London trading sessions. Based on some user-defined success criteria, we can also track how successful these warnings are. Many Inner Circle Trader (ICT) students have noted that choppy New York sessions are often preceded by erratic London sessions which take both the high and low of the Asian range. When this criteria is true and warnings are enabled, a table will automatically populate with a custom warning message for the duration of the NY session, indicating to the user that it could be a choppy trading day. We can measure and track the success rate of these warnings via the following success criteria: - NY stays within London range - NY exceeds London high and low - NY closes within London range - NY range is too small The first three criteria should be self explanatory - the NY range either stays within the London high & low, exceeds them both, or closes within them. The last criteria is a measure of the New York range compared to a user defined standard deviation of all historical ranges (for the number of sessions that the current chart can load). The default value of 1.5 would imply that a "successful" S&D day could be if the NY range (from high to low) was less than or equal to 1.5 standard deviations of all past ranges. All these options can be toggled on/off as well, for those that only want to consider certain success criteria and not others. When any of the selected success criteria are true, that essentially indicates that the current session's warning was successful.
Pine Script® göstergesi
tradeforopp tarafından
19
Murder Algo Stats: last portion of Indices closing hour (S&P)Stats regarding the 'murder algo' (last 10mins of the closing hour). Works on all sub-1hr timeframes. Best used on 5min, 10min 15min timeframe. Ideal use on 10min timeframe. Can be applied to other user input sessions also What i'm calling the 'Murder Algo' is the tendency of dynamic lower time frame price action in the final 10minutes of the S&P closing hour (or any of the three major US indices: S&P, Nasdaq, Dow). If there are un-met liquidity targets (i.e. clean highs or lows) as we come into the last portion of the closing hour, price has a tendency to stretch up or down to reach these targets, swiftly. These statisitics are somewhat experimental/research; trying to quantify this tendency. Please comment below if you think of some additions / modifications that may prove useful. //Purpose: -To get statistics of the tendency to 'reach' of the final bar (10minute bar in the above) of the closing hour in Indices (3pm - 4pm NY time). -Specifically to see how often price reaches for HH or LL in the final bar of the closing hour (most of the time); and to see how far it reaches one way when it does (Mean, median, mode). //Notes: -Two sets of historical stats; one is based on the 'solo reach' of the last bar; the other is based on the reach of the last bar from the average price of the preceding bars of the session (purple line in the above) -Works on any timeframe below hourly. Ideally used on 10min timeframe, but may be interesting to plot on 15min or 5min timeframe also. -Should also work on custom user-defined session; though this indicator was explicly designed to investigate the 'murder algo': that final rush and/or whipsaw tendency of price in the last few minutes of Regular trading on Indices. -For S&P, best used on SPX, which gives the longest history of all the S&P variants due to only showing Regular trading hours bars (500 days of history on 10min timeframe, for premium users) -For most stats, i've rounded to ES1! mintick (i.e. rounded to nearest quarter dollar) =>> This allows more meaningful values for 'mode' statistical measure. -I trade S&P; but this 'muder algo' phenomenon also obviously presents in Nasdaq and Dow. //User Inputs: -Session time input (defaults to closing hour 3pm - 4pm NY time) -Average method (for the average of all the input session EXCEPT the final bar) -Toggle on/off Average line. -other formatting options: text color, table position, line color/style/size. Example usage with annotations on SPX 500 chart 15m timeframe; using closing hour (3pm-4pm NY time) as our session:
Pine Script® göstergesi
twingall tarafından
1
KVKZKVKZ = KV'S KILLZONES This Indicator, break the charts into session: ASIAN, LONDON, NEW YORK. -The 1st two vertical lines (red) indicates the ASIAN RANGE -The 2nd two vertical lines (red & green) indicates the LONDON session -The 3rd two vertical lines (green & blue) indicates the NEW YORK session -The will be no trading in between the two red vertical lines -A fake move is expected to happen in between the 2nd red vertical line and green line, this fake move is known as the JUDAS SWING by ICT, you can YouTube Judas Swing and check out his concepts -There are two automatically moving horizontal lines (orange), that plots the ASIAN high and lows, these levels are expected to be manipulated in the London session, and this is called the Judas Swing -the purple lines are known as Institution Zones, basically just levels 30pips above and below the ASIAN range -this indicator works well with GBPUSD, EURUSD, USDCHF -this indicator doesn’t work well with USDJPY, AUDUSD, NZDUSD INPUTS: HOUR 1: 17 MIN 1 : 0 HOUR 2: 0 MIN 2 : 0 HOUR 3: 6 MIN 3 : 0 HOUR 4: 12 MIN 1 : 0 THIS INDICATOR IS NOT A HOLY GRAIL, BUT IF YOU CAN READ PRICE ACTION WELL, THESE SESSIONS BREAK DOWN COULD BE VERY USEFULL. Extras: dot = dotted lines dsh = dashed lines sol = solid lines NOTE: time has to be set to NY time.
Pine Script® göstergesi
bon_appetrade tarafından
Anchored OBV SpaceManBTC Anchored OBV SpaceManBTC The On Balance Volume indicator (OBV) is used in technical analysis to measure buying and selling pressure. On Balance volume is primarily used to confirm or identify overall price trends or to anticipate price movements after divergences. Anchored On Balance Volume unlike traditional OBV resets on your specified sessions: D, W, M, 3M, 4M, 6M, 1Y. The actionable data is more useful HTF to see a potential long term trend change relative to the session reset chosen. User can choose to disable highlightable session reset. Recommended settings: Daily tf with 3Month session pretty useful for the run so far. But please experiment away and share your results! ToDo: Non Reset Functionality, Perhaps more timeframes
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spacemanbtc tarafından
21
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
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The-Hunter tarafından
6
GeeksDoByte 15m & 30m ORB + Prev Day High/LowCME_MINI:NQ1! How It Works Opening Ranges At 9:30 ET, the script begins tracking the high & low. It uses two fixed sessions: 15 min from 09:30 to 09:45 30 min from 09:30 to 10:00 On the very first bar of each session it initializes the range, then continuously updates the high/low on each new intraday bar. Dashed lines are drawn when the session opens and extended horizontally across subsequent bars. Previous Day’s Levels Independently, it fetches yesterday’s high and low via a daily security call. These historic levels are plotted as simple horizontal lines for daily context. How to Use Breakout Entries A close above the 15 min ORB high can signal an early breakout; a further push above the 30 min ORB high confirms extended momentum. Conversely, breaks below the respective lows can indicate short setups. Support & Resistance Yesterday’s high/low often act as magnet levels. If price is near the previous high when the opening ranges break, you get a confluence zone worth watching. Trade Management Combine the two opening-range levels to tier your stops or scale in. For example, you might place an initial stop below the 15 min low and a wider stop below the 30 min low.
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RayenGeeksdoByte tarafından
Rpaid Killzone Breakout v3.6Final Indicator Title: Rapid Killzone Break & HTF Levels Overview Welcome to the Rapid Killzone Break & HTF Levels, an all-in-one trading toolkit designed for precision and context. This indicator was built to solve a common problem for day traders: how to combine a precise, lower-timeframe (LTF) entry model with the essential context of higher-timeframe (HTF) levels. This tool is founded on a session-based breakout strategy, leveraging the volatility and liquidity generated during specific market hours (the "Killzones"). It then layers critical HTF support and resistance levels onto your chart, allowing you to make more informed trading decisions without ever needing to switch timeframes. Whether you trade Forex, Gold, or major Indices, this indicator provides a comprehensive framework for identifying high-probability breakout opportunities. The Core Strategy The methodology is a powerful three-step process based on session liquidity and qualified breakouts: The Killzone Range: The indicator first identifies the high and low established during a specific, high-volatility trading session (e.g., the first hour of London or New York). This range acts as a pool of liquidity. The core idea is that the market will often seek to "sweep" or run the liquidity resting above the session high or below the session low. The Qualified Breakout: This is not just any breakout strategy. A valid entry signal only appears when price closes decisively outside the Killzone range with significant momentum. To ensure the quality of the signal, the breakout must meet several user-defined criteria: The Killzone must have a minimum pip range. The breakout candle must have a strong body-to-wick ratio. The breakout must be accompanied by a spike in volume. Higher Timeframe Confluence: A breakout is more likely to succeed if it aligns with the HTF narrative. This indicator plots the previous higher-timeframe candle's high and low directly onto your chart. These levels act as powerful magnets for price or as formidable support/resistance zones. A breakout on the LTF that targets the HTF previous high is a much higher-probability setup than one trading directly into it. Key Features 📊 DST-Aware Killzones: Automatically adjusting session boxes for London and New York. The timezones are fully configurable (e.g., Europe/London, America/New_York) and automatically handle Daylight Saving Time changes so you never have to manually adjust them. 📈 Killzone Pivots: Automatically draws the High, Low, and a dotted Midpoint from each Killzone session, acting as key intraday levels. 🏛️ Higher Timeframe (HTF) Levels: Plots the previous HTF candle's High and Low as dashed lines on your chart, providing critical context for support, resistance, and targets. 🕯️ HTF Mini-Candles: Displays a visual summary of the last three HTF candles on the right side of your chart, so you can see the HTF trend at a glance. ⏰ Custom Vertical Timestamps: Up to three configurable vertical lines with labels to mark key events like other session opens (e.g., "Sydney Open"). 🎛️ Advanced Breakout Filters: Fine-tune your signals with filters for minimum Killzone range, minimum candle body percentage, and volume spikes. (Important: The volume filter requires a data feed that provides real volume, such as OANDA, FXCM, or futures/stock data). ✅ Dynamic Entry Advice Table: After a signal, a table provides a suggested entry technique (e.g., "50% retrace to signal candle") based on how far price has moved from the breakout level. 📋 Killzone Range Stats Table: A clean table shows the current and average pip range for both the London and New York sessions, helping you gauge current volatility. 🛠️ Fully Customizable: Nearly every visual element can be toggled on/off or have its color and style changed to suit your personal chart theme. How to Use This Indicator This tool is designed to provide a clear, step-by-step workflow for your trading sessions. Setup: In the settings, choose your desired Reference Timeframe (e.g., 240 for 4-Hour). Configure your Killzone session times and colors. Context is King: Before the session begins, take note of where price is in relation to the dashed HTF High/Low lines. Is price consolidating below the previous HTF low? A breakout might target it. Is price approaching the HTF high? This could be a take-profit area or a point of resistance. Wait for the Range: Allow the London or New York Killzone (the colored box) to form completely. Anticipate the Breakout: Once the session box is closed, the indicator is now hunting for a valid breakout. Validate the Signal: When a "Long" or "Short" label appears, this is your entry signal. Check the Info-Box data (RSI, volume, candle body %) to confirm the strength of the move. Manage the Trade: Use the Killzone pivots and the HTF High/Low lines as potential areas to manage your trade, take partial profits, or identify a final target. Check the Entry Advice table for ideas on refined entries if you miss the initial move. Applicable Markets This strategy is most effective on instruments known for their session-based volatility. It has been tested and works exceptionally well on: Forex Majors: EUR/USD, GBP/USD, etc. Gold: XAU/USD Indices: NASDAQ 100 (NQ100), S&P 500 (SPX500) It is best used on lower timeframes (such as the 5-minute or 15-minute chart) for trade execution.
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nfsmohi tarafından
LilSpecCodes1. Killzone Background Highlighting: It highlights 4 key market sessions: Killzone Time (EST) Color Silver Bullet 9:30 AM – 12:00 PM Light Blue London Killzone 2:00 AM – 5:00 AM Light Green NY PM Killzone 1:30 PM – 4:00 PM Light Purple Asia Open 7:00 PM – 11:00 PM Light Red These are meant to help you focus during high-probability trading times. __________________________________________________ 2. Previous Day High/Low (PDH/PDL): Plots green line = PDH Plots red line = PDL Tracks the current day’s session high/low and sets it as PDH/PDL on a new trading day CHANGES WITH ETH/RTH 3. Inside Bar Marker: Plots a small black triangle under bars where the high is lower than the previous bar’s high and the low is higher than the previous bar’s low (inside bars) Useful for spotting potential breakout or continuation setups 4. Vertical Time Markers (White Dashed Lines) Time (EST) Label 4:00 AM End of London Silver Bullet 9:30 AM NYSE Open 10:00 AM Start of NY Silver Bullet 11:00 AM End of NY Silver Bullet 11:30 AM (Customizable Input) 3:00 PM PM Killzone Ends 3:15 PM Futures Market Close 7:15 PM Asia Session Watch
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cantstophardwork999 tarafından
3
Trend TraderDescription and Usage of the "Trend Trader" Indicator The "Trend Trader" indicator, created by Gerardo Mercado as a legacy project, is a versatile trading tool designed to identify potential buy and sell signals across various instruments. While it provides predefined settings for popular instruments like US30, NDX100, GER40, and GOLD, it can be seamlessly adapted to any market, including forex pairs like EUR/USD. The indicator combines moving averages, time-based filters, and MACD confirmation to enhance decision-making for traders. How It Works Custom Moving Averages (MAs): The indicator uses two moving averages: Short MA: A faster-moving average (default: 10 periods). Long MA: A slower-moving average (default: 100 periods). Buy signals are generated when the Short MA crosses above the Long MA. Sell signals are triggered when the Short MA crosses below the Long MA. Time-Based Signals: The user can define specific trading session times (start and end in UTC) to focus on high-activity periods for their chosen market. Signals and background coloring are only active during the allowed session times. MACD Confirmation: A MACD (Moving Average Convergence Divergence) calculation on a 15-minute timeframe ensures stronger confirmation for signals. Buy signals require the MACD line to be above the signal line. Sell signals require the MACD line to be at or below the signal line. Target Levels: Predefined profit targets are dynamically set based on the selected trading instrument. While it includes settings for US30, NDX100, GER40, and GOLD, the target levels can be adjusted to fit the volatility and structure of any asset, including forex pairs like EUR/USD. Target 1 and Target 2 levels display when these thresholds are met after an entry signal. Adaptability to Any Market: Although predefined options are included for specific instruments, the indicator's moving averages, time settings, and MACD logic are applicable to any tradable asset, making it suitable for forex, commodities, indices, and more. Visual Alerts: Labels appear on the chart to highlight "BUY" and "SELL" signals at crossover points. Additional labels indicate when price movements reach the predefined target levels. Bar and background coloring visually represent active signals and MACD alignment. Purpose The indicator aims to simplify trend-following and momentum-based trading strategies. By integrating moving averages, MACD, customizable time sessions, and dynamic targets, it offers clear entry and exit points while being adaptable to the needs of individual traders across diverse markets. How to Use Setup: Add the indicator to your TradingView chart. Configure the moving average periods, trading session times, and target levels according to your preferences. Select the instrument for predefined target settings or customize them to fit the asset you’re trading (e.g., EUR/USD or other forex pairs). Interpreting Signals: Buy Signal: The Short MA crosses above the Long MA, MACD confirms the upward trend, and the session is active. Sell Signal: The Short MA crosses below the Long MA, MACD confirms the downward trend, and the session is active. Adapt for Any Instrument: Adjust the predefined target levels to match the volatility and trading style for your chosen asset. For forex pairs like EUR/USD, consider typical pip movements to set appropriate profit targets. Targets: Use the provided target labels (e.g., 50 or 100 points) or customize them to reflect realistic profit goals based on the asset’s volatility. Visual Aids: Pay attention to the background color: Greenish: Indicates a bullish trend during the allowed session. Redish: Indicates a bearish trend during the allowed session. Use the "BUY" and "SELL" labels for actionable insights. This indicator is a flexible and powerful tool, suitable for traders across all markets. Its adaptability ensures that it can enhance your strategy, whether you’re trading forex, commodities, indices, or other assets. By offering actionable alerts and customizable settings, the "Trend Trader" serves as a valuable addition to any trader’s toolkit. FX:EURUSD
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Legacy-28K tarafından
Enhanced Volume Trend Indicator with BB SqueezeEnhanced Volume Trend Indicator with BB Squeeze: Comprehensive Explanation The visualization system allows traders to quickly scan multiple securities to identify high-probability setups without detailed analysis of each chart. The progression from squeeze to breakout, supported by volume trend confirmation, offers a systematic approach to identifying trading opportunities. The script combines multiple technical analysis approaches into a comprehensive dashboard that helps traders make informed decisions by identifying high-probability setups while filtering out noise through its sophisticated confirmation requirements. It combines multiple technical analysis approaches into an integrated visual system that helps traders identify potential trading opportunities while filtering out false signals. Core Features 1. Volume Analysis Dashboard The indicator displays various volume-related metrics in customizable tables: AVOL (After Hours + Pre-Market Volume): Shows extended hours volume as a percentage of the 21-day average volume with color coding for buying/selling pressure. Green indicates buying pressure and red indicates selling pressure. Volume Metrics: Includes regular volume (VOL), dollar volume ($VOL), relative volume compared to 21-day average (RVOL), and relative volume compared to 90-day average (RVOL90D). Pre-Market Data: Optional display of pre-market volume (PVOL), pre-market dollar volume (P$VOL), pre-market relative volume (PRVOL), and pre-market price change percentage (PCHG%). 2. Enhanced Volume Trend (VTR) Analysis The Volume Trend indicator uses adaptive analysis to evaluate buying and selling pressure, combining multiple factors: MACD (Moving Average Convergence Divergence) components Volume-to-SMA (Simple Moving Average) ratio Price direction and market conditions Volume change rates and momentum EMA (Exponential Moving Average) alignment and crossovers Volatility filtering VTR Visual Indicators The VTR score ranges from 0-100, with values above 50 indicating bullish conditions and below 50 indicating bearish conditions. This is visually represented by colored circles: "●" (Filled Circle): Green: Strong bullish trend (VTR ≥ 80) Red: Strong bearish trend (VTR ≤ 20) "◯" (Hollow Circle): Green: Moderate bullish trend (VTR 65-79) Red: Moderate bearish trend (VTR 21-35) "·" (Small Dot): Green: Weak bullish trend (VTR 55-64) Red: Weak bearish trend (VTR 36-45) "○" (Medium Hollow Circle): Neutral conditions (VTR 46-54), shown in gray In "Both" display mode, the VTR shows both the numerical score (0-100) alongside the appropriate circle symbol. Enhanced VTR Settings The Enhanced Volume Trend component offers several advanced customization options: Adaptive Volume Analysis (volTrendAdaptive): When enabled, dynamically adjusts volume thresholds based on recent market volatility Higher volatility periods require proportionally higher volume to generate significant signals Helps prevent false signals during highly volatile markets Keep enabled for most trading conditions, especially in volatile markets Speed of Change Weight (volTrendSpeedWeight, range 0-1): Controls emphasis on volume acceleration/deceleration rather than absolute levels Higher values (0.7-1.0): More responsive to new volume trends, better for momentum trading Lower values (0.2-0.5): Less responsive, better for trend following Helps identify early volume trends before they fully develop Momentum Period (volTrendMomentumPeriod, range 2-10): Defines lookback period for volume change rate calculations Lower values (2-3): More responsive to recent changes, better for short timeframes Higher values (7-10): Smoother, better for daily/weekly charts Directly affects how quickly the indicator responds to new volume patterns Volatility Filter (volTrendVolatilityFilter): Adjusts significance of volume by factoring in current price volatility High volume during high volatility receives less weight High volume during low volatility receives more weight Helps distinguish between genuine volume-driven moves and volatility-driven moves EMA Alignment Weight (volTrendEmaWeight, range 0-1): Controls importance of EMA alignments in final VTR calculation Analyzes multiple EMA relationships (5, 10, 21 period) Higher values (0.7-1.0): Greater emphasis on trend structure Lower values (0.2-0.5): More focus on pure volume patterns Display Mode (volTrendDisplayMode): "Value": Shows only numerical score (0-100) "Strength": Shows only symbolic representation "Both": Shows numerical score and symbol together 3. Bollinger Band Squeeze Detection (SQZ) The BB Squeeze indicator identifies periods of low volatility when Bollinger Bands contract inside Keltner Channels, often preceding significant price movements. SQZ Visual Indicators "●" (Filled Circle): Strong squeeze - high probability setup for an impending breakout Green: Strong squeeze with bullish bias (likely upward breakout) Red: Strong squeeze with bearish bias (likely downward breakout) Orange: Strong squeeze with unclear direction "◯" (Hollow Circle): Moderate squeeze - medium probability setup Green: With bullish EMA alignment Red: With bearish EMA alignment Orange: Without clear directional bias "-" (Dash): Gray dash indicates no squeeze condition (normal volatility) The script identifies squeeze conditions through multiple methods: Bollinger Bands contracting inside Keltner Channels BB width falling to bottom 20% of recent range (BB width percentile) Very narrow Keltner Channel (less than 5% of basis price) Tracking squeeze duration in consecutive bars Different squeeze strengths are detected: Strong Squeeze: BB inside KC with tight BB width and narrow KC Moderate Squeeze: BB inside KC with either tight BB width or narrow KC No Squeeze: Normal market conditions 4. Breakout Detection System The script includes two breakout indicators working in sequence: 4.1 Pre-Breakout (PBK) Indicator Detects potential upcoming breakouts by analyzing multiple factors: Squeeze conditions lasting 2-3 bars or more Significant price ranges Strong volume confirmation EMA/MACD crossovers Consistent price direction PBK Visual Indicators "●" (Filled Circle): Detected pre-breakout condition Green: Likely upward breakout (bullish) Red: Likely downward breakout (bearish) Orange: Direction not yet clear, but breakout likely "-" (Dash): Gray dash indicates no pre-breakout condition The PBK uses sophisticated conditions to reduce false signals including minimum squeeze length, significant price movement, and technical confirmations. 4.2 Breakout (BK) Indicator Confirms actual breakouts in progress by identifying: End of squeeze or strong expansion of Bollinger Bands Volume expansion Price moving outside Bollinger Bands EMA crossovers with volume confirmation MACD crossovers with significant price range BK Visual Indicators "●" (Filled Circle): Confirmed breakout in progress Green: Upward breakout (bullish) Red: Downward breakout (bearish) Orange: Unusual breakout pattern without clear direction "◆" (Diamond): Special breakout conditions (meets some but not all criteria) "-" (Dash): Gray dash indicates no breakout detected The BK indicator uses advanced filters for confirmation: Requires consecutive breakout signals to reduce false positives Strong volume confirmation requirements (40% above average) Significant price movement thresholds Consistency checks between price action and indicators 5. Market Metrics and Analysis Price Change Percentage (CHG%) Displays the current percentage change relative to the previous day's close, color-coded green for positive changes and red for negative changes. Average Daily Range (ADR%) Calculates the average daily percentage range over a specified period (default 20 days), helping traders gauge volatility and set appropriate price targets. Average True Range (ATR) Shows the Average True Range value, a volatility indicator developed by J. Welles Wilder that measures market volatility by decomposing the entire range of an asset price for that period. Relative Strength Index (RSI) Displays the standard 14-period RSI, a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100. 6. External Market Indicators QQQ Change Shows the percentage change in the Invesco QQQ Trust (tracking the Nasdaq-100 Index), useful for understanding broader tech market trends. UVIX Change Displays the percentage change in UVIX, a volatility index, providing insight into market fear and potential hedging activity. BTC-USD Shows the current Bitcoin price from Coinbase, useful for traders monitoring crypto correlation with equities. Market Breadth (BRD) Calculates the percentage difference between ATHI.US and ATLO.US (high vs. low securities), indicating overall market direction and strength. 7. Session Analysis and Volume Direction Session Detection The script accurately identifies different market sessions: Pre-market: 4:00 AM to 9:30 AM Regular market: 9:30 AM to 4:00 PM After-hours: 4:00 PM to 8:00 PM Closed: Outside trading hours This detection works on any timeframe through careful calculation of current time in seconds. Buy/Sell Volume Direction The script analyzes buying and selling pressure by: Counting up volume when close > open Counting down volume when close < open Tracking accumulated volume within the day Calculating intraday pressure (up volume minus down volume) Enhanced AVOL Calculation The improved AVOL calculation works in all timeframes by: Estimating typical pre-market and after-hours volume percentages Combining yesterday's after-hours with today's pre-market volume Calculating this as a percentage of the 21-day average volume Determining buying/selling pressure by analyzing after-hours and pre-market price changes Color-coding results: green for buying pressure, red for selling pressure This calculation is particularly valuable because it works consistently across any timeframe. Customization Options Display Settings The dashboard has two customizable tables: Volume Table and Metrics Table, with positions selectable as bottom_left or bottom_right. All metrics can be individually toggled on/off: Pre-market data (PVOL, P$VOL, PRVOL, PCHG%) Volume data (AVOL, RVOL Day, RVOL 90D, Volume, SEED_YASHALGO_NSE_BREADTH:VOLUME ) Price metrics (ADR%, ATR, RSI, Price Change%) Market indicators (QQQ, UVIX, Breadth, BTC-USD) Analysis indicators (Volume Trend, BB Squeeze, Pre-Breakout, Breakout) These toggle options allow traders to customize the dashboard to show only the metrics they find most valuable for their trading style. Table and Text Customization The dashboard's appearance can be customized: Table background color via tableBgColor Text color (White or Black) via textColorOption The indicator uses smart formatting for volume and price values, automatically adding appropriate suffixes (K, M, B) for readability. MACD Configuration for VTR The Volume Trend calculation incorporates MACD with customizable parameters: Fast Length: Controls the period for the fast EMA (default 3) Slow Length: Controls the period for the slow EMA (default 9) Signal Length: Controls the period for the signal line EMA (default 5) MACD Weight: Controls how much influence MACD has on the volume trend score (default 0.3) These settings allow traders to fine-tune how momentum is factored into the volume trend analysis. Bollinger Bands and Keltner Channel Settings The Bollinger Bands and Keltner Channels used for squeeze detection have preset (hidden) parameters: BB Length: 20 periods BB Multiplier: 2.0 standard deviations Keltner Length: 20 periods Keltner Multiplier: 1.5 ATR These settings follow standard practice for squeeze detection while maintaining simplicity in the user interface. Practical Trading Applications Complete Trading Strategies 1. Squeeze Breakout Strategy This strategy combines multiple components of the indicator: Wait for a strong squeeze (SQZ showing ●) Look for pre-breakout confirmation (PBK showing ● in green or red) Enter when breakout is confirmed (BK showing ● in same direction) Use VTR to confirm volume supports the move (VTR ≥ 65 for bullish or ≤ 35 for bearish) Set profit targets based on ADR (Average Daily Range) Exit when VTR begins to weaken or changes direction 2. Volume Divergence Strategy This strategy focuses on the volume trend relative to price: Identify when price makes a new high but VTR fails to confirm (divergence) Look for VTR to show weakening trend (● changing to ◯ or ·) Prepare for potential reversal when SQZ begins to form Enter counter-trend position when PBK confirms reversal direction Use external indicators (QQQ, BTC, Breadth) to confirm broader market support 3. Pre-Market Edge Strategy This strategy leverages pre-market data: Monitor AVOL for unusual pre-market activity (significantly above 100%) Check pre-market price change direction (PCHG%) Enter position at market open if VTR confirms direction Use SQZ to determine if volatility is likely to expand Exit based on RVOL declining or price reaching +/- ADR for the day Market Context Integration The indicator provides valuable context for trading decisions: QQQ change shows tech market direction BTC price shows crypto market correlation UVIX change indicates volatility expectations Breadth measurement shows market internals This context helps traders avoid fighting the broader market and align trades with overall market direction. Timeframe Optimization The indicator is designed to work across different timeframes: For day trading: Focus on AVOL, VTR, PBK/BK, and use shorter momentum periods For swing trading: Focus on SQZ duration, VTR strength, and broader market indicators For position trading: Focus on larger VTR trends and use EMA alignment weight Advanced Analytical Components Enhanced Volume Trend Score Calculation The VTR score calculation is sophisticated, with the base score starting at 50 and adjusting for: Price direction (up/down) Volume relative to average (high/normal/low) Volume acceleration/deceleration Market conditions (bull/bear) Additional factors are then applied, including: MACD influence weighted by strength and direction Volume change rate influence (speed) Price/volume divergence effects EMA alignment scores Volatility adjustments Breakout strength factors Price action confirmations The final score is clamped between 0-100, with values above 50 indicating bullish conditions and below 50 indicating bearish conditions. Anti-False Signal Filters The indicator employs multiple techniques to reduce false signals: Requiring significant price range (minimum percentage movement) Demanding strong volume confirmation (significantly above average) Checking for consistent direction across multiple indicators Requiring prior bar consistency (consecutive bars moving in same direction) Counting consecutive signals to filter out noise These filters help eliminate noise and focus on high-probability setups. MACD Enhancement and Integration The indicator enhances standard MACD analysis: Calculating MACD relative strength compared to recent history Normalizing MACD slope relative to volatility Detecting MACD acceleration for stronger signals Integrating MACD crossovers with other confirmation factors EMA Analysis System The indicator uses a comprehensive EMA analysis system: Calculating multiple EMAs (5, 10, 21 periods) Detecting golden cross (10 EMA crosses above 21 EMA) Detecting death cross (10 EMA crosses below 21 EMA) Assessing price position relative to EMAs Measuring EMA separation percentage Recent Enhancements and Evolution Version 5.2 includes several improvements: Enhanced AVOL to show buying/selling direction through color coding Improved VTR with adaptive analysis based on market conditions AVOL display now works in all timeframes through sophisticated estimation Removed animal symbols and streamlined code with bright colors for better visibility Improved anti-false signal filters throughout the system Optimizing Indicator Settings For Different Market Types Range-Bound Markets: Lower EMA Alignment Weight (0.2-0.4) Higher Speed of Change Weight (0.8-1.0) Focus on SQZ and PBK signals for breakout potential Trending Markets: Higher EMA Alignment Weight (0.7-1.0) Moderate Speed of Change Weight (0.4-0.6) Focus on VTR strength and BK confirmations Volatile Markets: Enable Volatility Filter Enable Adaptive Volume Analysis Lower Momentum Period (2-3) Focus on strong volume confirmation (VTR ≥ 80 or ≤ 20) For Different Asset Classes Equities: Standard settings work well Pay attention to AVOL for gap potential Monitor QQQ correlation Futures: Consider higher Volume/RVOL weight Reduce MACD weight slightly Pay close attention to SQZ duration Crypto: Higher volatility thresholds may be needed Monitor BTC price for correlation Focus on stronger confirmation signals Integrated Visual System for Trading Decisions The colored circle indicators create an intuitive visual system for quick market assessment: Progression Sequence: SQZ (Squeeze) → PBK (Pre-Breakout) → BK (Breakout) This sequence often occurs in order, with the squeeze leading to pre-breakout conditions, followed by an actual breakout. VTR (Volume Trend): Provides context about the volume supporting these movements. Color Coding: Green for bullish conditions, red for bearish conditions, and orange/gray for neutral or undefined conditions.
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tommyttcat tarafından