CARNAC Trading - Dynamic Support and Resistance LevelsThe **CARNAC Trading - Dynamic Support and Resistance Levels** indicator is designed to help traders identify key support and resistance levels on any chart timeframe. This indicator dynamically detects major support and resistance levels based on historical price pivots and displays them as lines on the chart. The levels are color-coded for easy identification—**green lines** represent support levels below the current price, while **red lines** represent resistance levels above the current price.
Key Features:
- Dynamic Support/Resistance Detection**: Automatically identifies the strongest support and resistance levels on the chart.
- Timeframe Selection**: Allows users to choose a specific timeframe for detecting support and resistance levels, independent of the chart's timeframe.
- Pivot Strength and Lookback Period**: Customizable inputs to control how far back the indicator looks and how strong the pivots need to be for support/resistance detection.
- Level Limitation**: Limits the number of support and resistance lines to keep charts clean, ensuring only the most relevant levels are displayed.
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How to Use the Indicator:
Inputs and Settings:
1. **Lookback Period**: Defines how many bars back the indicator will consider for detecting support and resistance levels. You can adjust this depending on how much historical data you want to include. A larger value will capture more significant levels, while a smaller value focuses on more recent price action.
2. **Pivot Strength**: This setting determines how significant a high or low must be to qualify as a pivot. A higher pivot strength will capture stronger, more critical levels, while a lower value will detect more frequent, minor pivots.
3. **Max Levels Above/Below Price**: This controls the maximum number of support and resistance levels displayed on each side of the current price. Keeping this number low helps reduce clutter and focuses on the most important levels.
4. **Timeframe for Support/Resistance Detection**: Select the timeframe used for detecting support and resistance levels, which can differ from the chart's timeframe. This is helpful when you're trading on shorter timeframes but want to see key levels from a higher timeframe (e.g., detecting daily levels while trading intraday).
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Visualization:
- **Green Lines**: Represent support levels below the current price. These are potential areas where buying interest may increase, and the price could bounce upwards.
- **Red Lines**: Represent resistance levels above the current price. These are potential areas where selling interest may increase, and the price could fall downwards.
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Example Usage:
1. **Identifying Support and Resistance Zones**: Use this indicator to identify critical support and resistance zones. These are areas where the price has historically reversed or paused, making them ideal for setting entry, exit, stop-loss, or take-profit levels.
2. **Trend Analysis**: By observing which side of the current price the majority of lines are on (more red or more green), traders can gauge whether the market is facing more resistance or support, helping them align with the current trend.
3. **Timeframe Flexibility**: You can choose to detect support and resistance levels from higher timeframes (e.g., Daily or Weekly) while trading on lower timeframes (e.g., 15-minute or 1-hour charts). This gives you a macro-level view of key price levels while executing trades on the micro-level.
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Recommendations:
- **Swing Traders**: Use this indicator with a larger lookback period and higher pivot strength to capture major long-term support and resistance levels.
- **Scalpers and Intraday Traders**: Use shorter lookback periods and lower pivot strengths to detect key levels within a shorter timeframe.
By customizing the inputs and tailoring them to your trading style, this indicator can provide valuable insights into price levels where significant buying or selling activity is likely to occur, helping you make more informed trading decisions.
"support resistance" için komut dosyalarını ara
Delta Flow Profile [LuxAlgo]The Delta Flow Profile is a charting tool that tracks and visualizes money flow and the difference between buying and selling pressure accumulated within multiple price ranges over a specified period. It reveals the relationship between an asset's price and traders' willingness to buy or sell, helping traders identify significant price levels and analyze market activity.
The Normalized Profile displays the percentage of money flow at each price level relative to the maximum money flow level, enabling traders to easily compare levels and understand the relative importance of each price point in the context of overall trading activity.
🔶 USAGE
The Delta Flow Profile is made of two principal components with different usability, each one of them described in the sub-sections below.
🔹 Money Flow Profile
The Money Flow Profile illustrates the total buying and selling activity at different price ranges. By analyzing this profile, users can identify key price zones with substantial buying or selling pressure. These zones can often act as potential support or resistance.
The rows of the Money Flow Profile represent the trading activity at specific price ranges over a given period.
A normalized profile is included to compare each zone relative to the peak money flow using a percentage, with 100% indicating that a price range is the one with the highest accumulated money flow.
🔹 Delta Profile
The Delta Profile assesses the dominant sentiment (buying or selling) from volume delta at different price levels to gauge market sentiment and potential reversals.
Delta Profile rows with more significant buying or selling volume indicate dominance from one side of the market in that specific price area. Price coming back to that area might indicate willingness from a dominant side to further accumulate orders within it, potentially causing price to follow the direction established by this dominant side afterward.
The volume delta is determined from the user-selected Polarity Method, with "Bar Polarity" using candle sentiment to determine if a bar associated volume is buying or selling volume, and "Bar Buying/Selling Pressure" making use of the high/low price to obtain more precise results.
🔹 Level of Significance
Users can quickly highlight the price levels with the highest recorded money flow activity through the included "Level of Significance". Various display methods are included:
Developing: Show the price level with the highest recorded money flow activity spanning over the indicator calculation interval.
Level: Show the price level with the highest recorded money flow activity.
Row: Show the price zone with the highest recorded money flow activity.
These levels/zones can be used as potential support/resistance points and can serve as a reference of where prices might go next for market participants to accumulate orders.
🔶 SETTINGS
The script offers a range of customizable settings to tailor the analysis to your trading needs.
🔹 Calculation Settings
Money Flow Profile: Toggles the visibility of the Money Flow Profile.
Normalized: Toggles the visibility of the Normalized Profile.
Sentiment Profile: Toggles the visibility of the Sentiment Profile.
Polarity Method: Choose between Bar Polarity or Bar Buying/Selling Pressure to calculate the Sentiment Profile.
Level of Significance: Toggles the visibility of the level of significance line/zone.
Lookback Length / Fixed Range: Sets the lookback length.
Number of Rows: Specify how many rows each profile histogram will have.
🔹 Display Settings
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length.
Profile Horizontal Offset: Enables moving the profile on the horizontal axis.
Profile Text: Toggles the visibility of profile texts, and alters the size of the text. Setting to Auto will keep the text within the box limits.
Currency: Extends the profile text with the traded currency.
Profile Price Levels: Toggles the visibility of the profile price levels.
🔶 RELATED SCRIPTS
Money-Flow-Profile
Volume-Profile-with-Node-Detection
CARNAC Trading Support and Resistance LevelsOverview
The "Carnac Trading Support and Resistance Levels" indicator is a powerful tool designed to help traders identify key support and resistance levels across multiple timeframes. This tool enhances trading strategies by visually marking significant price levels and providing configurable stop-loss and alert features.
Features
Support and Resistance Levels: Automatically calculates and plots support and resistance levels for the following timeframes:
5 minutes (5M)
10 minutes (10M)
15 minutes (15M)
30 minutes (30M)
1 hour (1H)
2 hours (2H)
4 hours (4H)
6 hours (6H)
12 hours (12H)
1 day (1D)
1 week (1W)
1 month (1M)
Configurable Stop-Loss (SL) Levels: Adds a stop-loss line below each support level and above each resistance level with customizable padding (as a percentage).
Visual Labels: Clearly labels support, resistance, and stop-loss levels with the corresponding prices and timeframes for easy identification.
Line Customization:
Support Levels: Green lines with varying thickness based on the timeframe.
Resistance Levels: Red lines with varying thickness based on the timeframe.
Stop-Loss Levels: Gray dotted lines for clear distinction.
Alerts: Alerts trigger when the price gets to a configurable percentage from the support or resistance levels, helping you stay informed about potential buying and selling opportunities.
Visibility Toggling: Easily toggle the visibility of support and resistance levels for each timeframe (default enabled for 2H, 4H, and 1D).
How to Use
Add the Indicator:
Navigate to the TradingView Pine Editor.
Paste the provided Pine Script code and click "Add to Chart."
Configure Inputs:
Lookback Periods: Adjust the lookback periods for each timeframe to suit your analysis needs.
Padding Percentage: Set the padding percentage for the stop-loss levels to define the distance below the support levels and above the resistance levels.
Visibility: Toggle the visibility of the support and resistance levels for each timeframe as needed (default enabled for 2H, 4H, and 1D).
Alert Trigger Distance: Set the alert trigger distance as a percentage to determine when the alerts should be triggered.
Interpret the Plotted Levels:
Green Lines: Indicate support levels for the respective timeframes.
Red Lines: Indicate resistance levels for the respective timeframes.
Gray Dotted Lines: Represent the stop-loss levels below each support level and above each resistance level, with the specified padding.
Labels: Provide clear indications of the price levels and their respective timeframes in white text for visibility.
Identifying Buying and Selling Opportunities:
Buying Opportunities:
Look for the price to approach or bounce off a support level (green line).
Confirm the potential for a reversal by checking if the price is nearing a key support level from multiple timeframes.
Use the stop-loss level (gray dotted line) to set your stop-loss order below the support level to minimize risk.
Selling Opportunities:
Look for the price to approach or get rejected at a resistance level (red line).
Confirm the potential for a reversal by checking if the price is nearing a key resistance level from multiple timeframes.
Use the stop-loss level (gray dotted line) to set your stop-loss order above the resistance level to minimize risk.
Alerts:
Alerts will notify you when the price gets within the specified percentage distance from each support or resistance level.
Use these alerts to stay informed about potential buying and selling opportunities.
Ichimoku Cloud w/ HelpersIchimoku Cloud w/ Helpers is your standard Ichimoku Cloud indicator with two additions.
Checkout TradingView's write up on the Ichimoku Cloud here .
The two additions added to this indicator are described below:
1 — A box is drawn centered on the current bar and stretching a length equal to the 'Senkou Span B Period'.
• The box encompasses the highest high and lowest low in that period.
2 — Two new lines are added.
• Green Line : Projection from the Lagging Line (Chikou Span) to the Span A line, indicating historical price action relative to future projected support/resistance.
• Red Line : Projection from the Kijun-sen (Base Line) to the Span B line, indicating medium-term trend direction relative to future projected support/resistance.
Use cases :
• The Box is simply a visual cue to draw your eye towards the area that the Ichimoku Cloud is currently attempting to analyze: Past, Present and Future.
• The green and red lines add a way to interpret the sentiment:
• Diverging Lines with Green Above Red --> Interpret as Bullish Sentiment
• Converging Lines with Green Crossing Above Red --> Interpret as Bullish reversal or strengthening
• Converging Lines with Green Crossing Below Red --> Interpret as Bearish reversal or weakening.
• Diverging Lines with Red Above Green --> Interpret as Bearish Sentiment
• Converging Lines with Red Crossing Below Green --> Interpret as Bullish reversal or weakening bearish trend.
Current limitations :
• Under settings -> Styles, the plotted lines don't allow the colors to be changed. A bug I'm trying to figure out.
Bugs?
Kindly report any issues you run into and I'll try to fix them promptly.
Thank you!
Weighted Moving Range with Trend Signals (WMR-TS)Weighted Moving Range with Trend Signals (WMR-TS)
Technical analysis involves analyzing statistical trends from trading activity , such as price movement and volume, to make trading decisions. Technical indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. They are used by traders to analyze price movements and predict future market behavior. The WMR-TS indicator combines weighted moving averages and range calculations to identify key trading levels and generate buy/sell signals. It dynamically adjusts to market conditions, offering traders insights into potential support, resistance, and trend reversal points. Key levels are color-coded for quick interpretation. It utilizes weighted moving averages (WMA) and range calculations to determine these levels, making it a robust tool for both trending and ranging markets.
SUMMARY
Parameters :
WMA Length : Determines the length for the primary weighted moving average.
Highest High Length : Sets the period for calculating the highest high.
Lowest Low Length : Sets the period for calculating the lowest low.
Range Corrector : Adjusts the range calculation slightly for fine-tuning.
Top Level : Multiplier for determining the top level from the calculated range.
Bottom Level : Multiplier for determining the bottom level from the calculated range.
Levels Visibility : Sets how many recent bars will display the levels.
Trading Zones :
Short Area : Highlighted zone indicating potential shorting opportunities.
Long Area : Highlighted zone indicating potential buying opportunities.
The Levels :
Wave (Yellow): Midpoint of the calculated range, adjusted by WMA.
Top Level (Red): Calculated upper boundary of the trading range.
Sell Level (Pink): Intermediate sell level.
Resistance Level (Magenta): Immediate resistance level.
Support Level (Cyan): Immediate support level.
Buy Level (Light Green): Intermediate buy level.
Bottom Level (Dark Green): Calculated lower boundary of the trading range.
Interpreting the Signals :
Hammer Signal : Red circles above bars indicate potential sell signals.
Rocket Signal : Green circles below bars indicate potential buy signals.
KEY CONCEPTS
Highest High and Lowest Low :
These values represent the highest high ( HH ) and lowest low ( LL ) over a specified number of periods.
Support Level :
This is the lower boundary of the trading range. It is a price level where demand is strong enough to prevent the price from falling further. As the price approaches the support level, it is likely to bounce back up.
Resistance Level :
This is the upper boundary of the trading range. It is a price level where supply is strong enough to prevent the price from rising further. As the price approaches the resistance level, it is likely to pull back down.
THE USE OF MULTIPLIERS :
The script uses several multipliers to adjust and fine-tune the calculated support and resistance levels, as well as to control the range and sensitivity of these levels. Here is a detailed explanation of these multipliers and their purpose:
Range Corrector : This multiplier adjusts the calculated high ( H ) and low ( L ) levels, adding flexibility to how these levels are positioned relative to the highest high and lowest low. It ranges from -1 to 1 , with a default value of 0 . The use of positive values increase the range, making the calculated levels further apart. Thus, using negative values decrease the range, bringing the calculated levels closer together.
Top Level : This multiplier adjusts the distance of the top level from the calculated high H ) level. It fluctuates from 0 to 2 , with a default value of 0.382 . Higher values will push the top level further above the high level, while lower values will bring it closer.
Bottom Level : This multiplier adjusts the distance of the bottom support level from the calculated low support level. Ranging from 0 to 2, with a default value of 0.214, the higher values will push the bottom level further below the low level, while lower values will bring it closer.
The script plots the support and resistance levels on the chart, allowing traders to visualize the trading range. Color-coded zones are used to indicate areas where buying or selling opportunities may arise based on the current price relative to the trading range. A trading range refers to the area between a price's support and resistance levels over a specific period of time. Within this range, the price of the security fluctuates up and down but does not break out above the resistance or below the support. Support and resistance levels to make trading decisions. Buying near the support level and selling near the resistance level is a common strategy. When the price moves above the resistance level, it is called a breakout . A breakout often indicates that the price may start a new upward trend . Conversely, when the price moves below the support level, it is called a breakdown . A breakdown often indicates that the price may start a new downward trend . By understanding and utilizing trading ranges, traders can make more informed decisions, optimize their trading strategies, and manage risk more effectively.
Understanding Moving Averages
A moving average (MA) is a widely used technical indicator that helps smooth out price data by creating a constantly updated average price. The main purpose of using a moving average is to identify the direction of the trend and to reduce the "noise" of random price fluctuations. The Weighted Moving Average ( WMA ) assigns different weights to each period, with more recent periods typically given more weight. A 10-day WMA might give the most recent day a weight of 10, the second most recent day a weight of 9, and so on. It is useful for traders who want to emphasize recent price data more than older data. When the price is above the moving average, it suggests an Bullish trend . A Bearish Trend is expected to take place when the price is below the moving average. Understanding the price reactions around these levels can be used to make trading decisions.
APPLYING CONCEPTS
Support and Resistance Calculations in the Script :
The script calculates dynamic support and resistance levels using weighted moving averages ( WMA s) and the highest high and lowest low over specified periods. Buy ( Rocket ) and sell ( Hammer ) signals are generated based on the crossing of the price with calculated top and bottom levels.These signals help traders identify potential entry and exit points within the trading range .
Weighted Moving Average (WMA) Application in the Script
This script calculates a special trendWMA using the close price that helps in creating a more dynamic moving average that considers both high and low price actions. This modified WMA is used in conjunction with highest high and lowest low values over specified periods to calculate dynamic support and resistance levels.
Explanation of the Levels in the Script
By understanding these levels, traders can make more informed decisions about where to enter and exit trades, manage risk, and anticipate potential market movements. The script incorporates several key levels levels that traders can use to better anticipate price movements and make more informed trading decisions. Leveraging the principles of Fibonacci retracement ratios ( 23.6%, 38.2%, 50%, 61.8%, and 100% ) to identify key support and resistance zones can also serve for gauging the overall market sentiment.
Top Level and Sell Leve l: Used to identify potential resistance zones where the price may reverse or pause.
Support Level and Buy Level : Used to identify potential support zones where the price may bounce.
Upper and Lower Pivot Values : Serve as intermediate levels for possible price retracements or extensions within the trading range.
Wave Level : Indicates the central trend direction, which can be useful for gauging the overall market sentiment.
Alerts are a crucial part of the script as they notify traders of potential buy and sell signals based on predefined conditions. There are two main alerts: one for a " Hammer " signal (sell condition) and one for a " Rocket " signal (buy condition).
Adjust the input parameters to fit your trading style and the specific asset being analyzed. Shorter lengths may be more responsive to price changes but can produce more false signals , while longer lengths provide smoother signals but may lag . Always backtest the indicator on historical data to understand its behavior and performance. Also remember that different markets may require different parameter settings for optimal performance.
Keep in mind that by nature like all moving averages, WMAs lag behind price action. This means that signals may be delayed. The indicator performs differently in various market conditions. Always consider the overall market context when interpreting signals.
Adjusting parameters like the range corrector and visibility can help tailor the indicator to specific market conditions or trading strategies, improving its effectiveness. The script uses the calculated levels to plot lines and fill zones on the chart, helping traders visualize potential support, resistance, and trend reversal points. The use of multipliers allows for dynamic adjustment of these levels, making the indicator flexible and adaptable to different market conditions.
I think traders can make more informed decisions about where to enter and exit trades, manage risk, and anticipate potential market movements following this code. Stay safe and always remember that market is always changing. Use this tool if you want, please stay informed and plan safe trades,
D.
Fibonacci Ranges (Real-Time) [LuxAlgo]The "Fibonacci Ranges" indicator combines Fibonacci ratio-derived ranges (channels), together with a Fibonacci pattern of the latest swing high/low.
🔶 USAGE
The indicator draws real-time ranges based on Fibonacci ratios as well as retracements. Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal.
Each range extremity/area can also be used as support/resistance.
🔶 CONCEPTS
Fibonacci Channels
Latest Fibonacci
Both, Latest Fibonacci and Fibonacci Channels , display different Fibonacci levels (labels not included in the code):
However, the 2 react in a totally different way.
🔹 Fibonacci Channels
2 conditions must be fulfilled until a Fibonacci Channel is displayed:
New swing high/low
close has to be between chosen limits/levels ( Break level )
As visual guidance, chosen Break levels are accentuated by 2 small gray blocks:
Once the channel is displayed, it will remain visible until x consecutive bars break out of the chosen Break level at closing time.
• x consecutive bars is set by Break count .
The amount of breaks is counted in the code. When the price, without breaking the user-set limit, closes back between the 2 levels, the count is reset to 0.
By enabling Channels and Shadows you can see previous channels (" Shadows ", which is always delayed with 1 bar)
Previous channels can be helpful in finding potential support/resistance areas, especially from large channel blocks
The more narrow Break levels are set the less chance the price closes between these 2 levels, and the quicker close breaks out.
In other words, narrow levels give fewer & smaller channels, broader levels give more & larger channels.
Note:
• swing settings: L & R
• Break count (x consecutive bars that close outside chosen levels to invalidate the Fibonacci Channel )
will also be of influence in displaying the channels.
• Show breaks enable you to visualize signals when there is a break:
• Alerts can also be set ( Break Down / Break Up )
🔹 Latest Fibonacci
This displays the Fibonacci levels between the latest swing high and swing low, independently from the Fibonacci Channel .
The Lastest Fibonacci can be helpful in detecting the current trend against the larger Fibonacci Channel .
🔶 SETTINGS
🔹 Swing Settings
L: set left of pivothigh / pivotlow
R: set right of pivothigh / pivotlow
🔹 Fibonacci Channels
Channel : Channel / Channels + Shadows / None
Break level
-0.382 - 1.382
0.000 - 1.000
0.236 - 0.764
0.382 - 0.618
Break count
🔹 Fibonacci
Toggle
Colours: [ -0.382 - 0 ], [ 0.236 - 0.382 ], [ 0.5 ], [ 0.618 - 0.764 ], [ 1 - 1.382 ]
Doji TrenderDoji Trender searches multiple timeframes for candles where open and close are less than dojiPercent apart (default 0.025%), and plots the trends between them.
Experiment with dojiPercent to change the number of "dojis" detected. I will add doji sub-type indication if it appears to be meaningful.
By default, it plots the 5m (red), 15m (orange), 1h (yellow), 4h (green), and chart (cyan). If the chart timeframe is any of the configurable ones, the chart copy won't be drawn. (I might reverse that, so that cyan is always drawn.)
Since doji points are somewhat sparse, and the lookback is short (default 10), the EMA's make drastic corrections toward new indecision. (I'm not convinced the EMA's are useful and/or relevant.)
This works on any timeframe, but seems to work best on the 1D. (5m is somewhat irrelevant on the 1D, so there are tweaks to be made.)
Dojis from a timeframe are corrections to a doji trend from a higher timeframe.
Red corrects to orange, corrects to yellow, corrects to green.
If the chart timeframe is > 4h, the others will correct to cyan.
Otherwise, cyan will fit in-between the adjacent timeframes.
Multiple indecision candles within a short timespan forming sharp peaks indicate retests, backtests, rejections, and bounces off of support/resistance.
With a correct larger-timeframe channel, one would expect lower-timeframe indecision at/along typical levels.
Although the doji's have unpredictable wicks, the dots printed by this indicator do not. Matched with volume, they reveal the prices where the most violent battles between bulls and bears took place, and are likely to take place, again.
One could:
1) Put trends on the longest segments, then look for confluence along them, and/or near the intersections.
2) Use lower-timeframe doji trends to estimate the direction of the higher-timeframe doji trends, before they become detectable to Doji Trender. Confirm by looking for confluence where those trends intersect with horizontal support/resistance, this indicator, and/or others.
3) Notice that multiple legs on the same trend line are close to parallel, if not colinear.
4) Notice that many of the doji segments point toward (very-distant) future dojis.
5) Drop horizontal lines on the dots where we previously reversed, and find confluence in VRVP when we revisit them.
6) Create parallel (fib/whatever) channels that more-closely match MM's intent. The segments one uses to set the angle of the channel, and those used to align the channel, vertically, are not always the same:
a) Match the channel slope to as many doji slopes as possible, considering every trend.
b) Figure out where the channel actually belongs, re-considering every trend.
Price Action (ValueRay)With this indicator, you gain access to up to 5 moving averages from a selection of 15 different types. This flexibility allows you to customize your trading strategy based on your preferences and market conditions. Whether you're a fan of simple moving averages, exponential moving averages, or weighted moving averages, our indicator has got you covered! Additionally, all the MAs are Multi-Time-Frame!
The indicator also provides trading signals. By analyzing market trends and price movements, it generates accurate buy and sell signals, providing you with clear entry and exit points. You can choose between Fast, Mid, and Slow signal speeds.
Trendlines are another crucial aspect of effective trading, and our indicator seamlessly integrates them, helping you visualize the market's direction.
Furthermore, the indicator empowers you with recent highs and lows. By highlighting these key levels, it becomes easier than ever to spot support and resistance areas, aiding you in making well-informed trading choices.
Additionally, you can switch the ADR% (Average Daily Range as a Percentage) on and off. This number instantly provides you with information on how much the stock usually moves per day as a percentage.
Key Features:
Up to 5 Moving Averages, each with its own timeframe.
SMA, EMA, WMA, RMA, Triangular, Volume Weighted, Elastic Volume Weighted, Least Squares, ZLEMA, Hull, Double EMA, Triple EMA, T3, ALMA, KAMA (more to come in future versions).
Recent High and Low Pivot Points acting as support/resistance.
Trendline indicating the current trend.
Buy/Sell Signals (recommended for use as exit points, stop loss, or take profit levels).
Signals can have three different speeds: Fast, Mid, and Slow. You can switch them anytime depending on how quickly or slowly you want to exit a trade.
The predefined colors are best suited for a dark background, and the predefined settings provide a solid starting point that many traders use in their daily work.
Unlock the full potential of your trading strategy with our comprehensive indicator and start making informed trading decisions today!
Liquidity Hunter - FattyTradesThis indicator is used to automatically identify and plot two forms of liquidity that will be targeted by market makers.
The first form of liquidity is based on multi-time fame highs and lows. It plots 1H, 4H, D, W, & M liquidity on an intraday chart to make it easier to identify. I believe hat liquidity is what drives the market and the most common form of this liquidity can be identified through higher time frame highs and lows. You can use whatever method you prefer to determine which liquidity pool will be targeted. When the liquidity is purged, it will be shown as dotted lines. This should not be used as traditional support/resistance, but rather as targets for the market.
The second form of liquidity is in the form of imbalances or fair value gaps. You can select a higher time frame to be plotted along with the current time frame you're viewing to identify imbalances that will likely be targeted intraday. We know that higher time frame fair value gaps work equally well as targets for market makers. When a higher time frame FVG is broken into, it can also act as a very powerful form of support and resistance. By default, when a fair value gap has been mitigated it will be removed from the chart, however this can be disabled.
Between these two forms of market maker liquidity targets on the chart, it will be easier to formulate a thesis intraday to determine where the market will move. It can help minimize the amount of switching between higher time frames that needs to be done, allowing you to identify targets while trading on your favorite intraday time frame for optimal risk/reward.
In the near future, I will build in alerting mechanism to alert when liquidity on higher time frames as been purged/mitigated.
Price Action in action
What?
Price Action in Action is an indicator to help Price Action learners and practitioners to get everything related for Price Action in one place.
Price Action is:
Price + Volume = Action
In this indicator, we have the following features available:
Support/Resistance
Using the RSI with different periods in a multiple of 7 (7, 14, 21, 28), we first determine the overbought (above 70, customizable) and oversold (below 30, customizable) regions. Then we pick up the highest point and lowest point in the RSI values in the overbought and oversold regions, respectively. These are the point, historically supply/demand emerged for surety to push down/up the RSI indicator and the corresponding price. So, these are the most accurate way, we believe, to draw support/resistance (or demand/supply) in the chart. By default, the Support is green color and Resistance is red color. To give a visual representation, we differentiate the different shades of green and red. For example, for Level-1 (i.e. 7 by default) we use the darkest shade (0 transparency) and Level-4 (i.e. 28 by default) we use lighter shade (60 transparency). Note please: you can customize the color of support and resistance lines (say if you want resistance as green and support as red). The respective shades (transparency) will be automatically adjusted accordingly. But those shade (transparency) levels are not customizable, they are fixed (please bear with it for version-1 at least).
Strength of Support/Resistance
In the chart above/below the Resistance / Support lines you can see the tiny labels with some numbers like 1, 2.
We found out how many times a particular support/resistance is appearing across multiple RSI periods. E.g. if price P1 appears 2 times among 4 different RSI periods, the number will be 2 for that calculation, and so on.
There can be multiple presence of these numbers in a support/resistance line (i.e. multiple tiny labels). Something like: 1, 1, 2 (into different candles). This means the same support/resistance is tested so many times in different occasion (means there is a RSI max/min coincides in this level over multiple occasions) at different candles.
This will help you to intuitionally gauge the “strength” of a support/resistance line.
The more the marrier, unworthy to mention.
Candle Stick Patterns
Well: we don’t need to tell anything about the Candlestick. All of you know it better than us. And it’s a time proven, zero-lag mechanism to judge the Price-Action is unfolding in the market. We do not know if there is anything better possible than this time tested patterns to judge the prevailing sentiments of market.
Price-Action does not complete without finding out the Candlestick Patterns correctly.
And in this indicator your will get all of these: Single Candle such as Doji (default off), Marubozu, Spinner, hammers, inverted-hammer etc. ; 2 candles like Tweezer, Inside Candle, Engulfing; 3 candles like morning star/evening star.
In the multi candle patterns (2/3 candles), we are grouping the candles with a dotted rectangle such that it is clear which 2/3 candles are part of the pattern. E.g. Morning Star: 3 candles are grouped in a dotted rectangle and the Morning Star label will come to the latest candle (3rd most – as the pattern is detected reliably only on the completion of the 3rd final candle).
Of course, any program can not eliminate your trained eyes and brain to capture the patterns. But we have provided sufficient knobs to adjust various parameters to tweak the candle-pattern detection. Such as Strict Inside Candle(Harami) Boolean knob where the whole current candle including wicks will be inside the body part of the previous big candle. For non-strict mode, the current candle just inside the previous candle, possibly by wicks.
To make it better usable, for every such knobs (which are not obvious) we have added user-friendly tooltip (just mouse hover the question mark (?) besides the control/switch). There are plenty of it.
Volume
Here we have a rudimentary (yet effective) way to judge the volumes.
We find out the Volume Weighted Moving Average (VMWA) of the 20-period (default, but customizable) and the latest volume. If the latest volume is more than the 20 period vwma, we just add a grey diamond on the top of the candle to denote it’s attracting volumes. Of course, we provide a Weight coefficient (default is set to 1). So if the current bar’s volume on bar’s completion is more than the 20 period volume vmwa times the weigh-cofficient, we mark it with a tiny grey diamond.
Points to be noted:
In all places we mark the indication only on the completion of the bar (technically speaking we have checks, as far as possible, with barstate.isconfirmed). However, if you wish, you can turn it off for Candlestick (as some experts may want to check candlestick on the real time, even before the closing of bars).
In case if you see the chart looks cluttered (because of many information, specially in smaller timeframes like 5 min), there are controls given in the settings to toggle each and every features.
By default, we turn off Doji candles (all 3 types of Doji’s – normal, Gravestone & Dragonfly) as they are mainly indecision. However, you can toggle it to turn it on.
It does not give you any Buy/Sell call. The interpretation it does not have.
Why?
What’s unique in it?
As we already mentioned our intention is to include Price (in forms of Support / Resistance), Volume and Action (sentiments in terms of Candlestick patterns) into a single place. And so far, to the best of our knowledge, we could not come across a single indicator provides all of these.
There were works available to determine the RSI based support / resistance zones. Those are great piece works at that time (lets say 3 years back when PineScript was in earlier versions). To the best of our knowledge those does not cover up finding out the lowest / highest point of RSI and the corresponding price to get the simplistic and distinct support/resistance lines.
We have the intuitive support/resistance strength included which we could not found out in current set of available indicators.
To the best of our knowledge, there seems no indicator can detect 3-candle patterns which are extremely popular to detect trend reversals (such as Morning Star or Evening Star). Moreover for the multi-candle patterns we are grouping the candles part of the pattens (2-candles or 3-candles) using a dotted rectangle such that it’s visually clearly (and a well educative material for Price-Action learners also).
Mentions:
There are many works which inspire us along the way. Honestly: we sometimes forgot which all indicators we experimented with. We are sincerely apologetic in case we forgot to mention. A few note-worthy:
There is an indicator from user “repo32” named as “Candlestick Patterns Identified (updated 3/11/15)”. (We could not be able to contact “repo32”). We are inspired from his work that it’s feasible to detect Candlestick patterns.
There is an awesome work done by “RSI Based Automatic Demand and Supply” by user “shtcoinr”. The idea of consulting multiple RSI levels to find out the demand/supply zone we inspired from him. (We did contact “shtcoinr” and got his kind permission to use the concept.)
We are greatly thankful to these abovementioned wizards for their pioneering a-prior work in this front.
And of course, this TradingView platform to provide this abstraction, facilitates and felicitates collaborative contributions.
Ultimately, what’s for you?
That’s the main question. What’s for you?
Price-action comprises of following 3 tasks (at least):
Draw support/resistance lines in the chart.
Once price reaches at the support/resistance line, you fervently look out the candles’ formation to mentally map to the candle patterns. Your aim is divine: You want to judge if the price-action will continue or take a rejection/reversal.
Then you double-confirm with the volume (in a non-overlaid chart below).
Finally take a trade.
For a price-action newbie or seasoned, expert practitioner, you must be doing all the above tasks regularly and manually, in a mechanical, mundane way. There come the humanly subjectivity & the inevitable emotions . This indicator, being a piece of program/code in PineScript latest version v5 , eliminates (or at least, reduces to a great extend) that subjectivity & emotions out of the way of decision making . Thus resulting better yield.
Of course, you can argue that you draw slanted trend lines also. We recommend an already existing indicator by user LuxAlgo named as “Trendlines with Breaks ”, if you wish so.
Disclaimer:
This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time.
We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Happy trading.
Fibonacci Grid [LuxAlgo]The following indicator returns multiple diagonal lines forming a grid. Each line has 45-degree and is set depending on Fibonacci ratios as well as the maximum and minimum price value over a certain lookback period. These can be used as potential support and resistance.
Users also have the option to set equidistant lines instead of having them determined by Fibonacci ratios.
Settings
Length: Lookback period for determining the maximum/minimum price value used for constructing the grid.
Resolution: Grid resolution, higher values will return more lines (only available when the "Use Fibonacci Ratios" is disabled)
Use Fibonacci Ratios: Set the lines based on Fibonacci Ratios, 6 ratios are used.
Usage
Each individual diagonal line can be used as support/resistance. Two Diagonal lines form channels where the price might evolve until a breakout.
The underlying logic of this grid determined by Fibonacci ratios is that price variations farther away from the main diagonals (in orange) would tend to move inside tighter channels.
Diagonals set using Fibonacci Ratios will form tighter channels when away from the center of the Lookback area. While equidistant lines will keep the same distance between each line.
Horizontal line for Market open price by NB(ENG)
Since meaningful movements starts based on the first bar of the market's opening time
(usually GMT + 0), this indicator is creat to be used as a tool to use it as support and resistance.
Look at the bar of just 15 minutes passed after market opened, and when the bar closed with positive candlestick then
draw horizontal line at high price, when the bar closed negative candlestick then draw horizontal line at low price.
I use diffrent colors to help visualization.
If you look these at from a distance, you can see sections that are tightly entangled and sections those are not.
This makes it possible to distinguish between strong and weak support/resistance sections.
For convenience, I put only color and transparency adjustments. No future upgrades are planned.
Thanks to ADOL_ for this great idea, and also to Bjorn Mistiaen for helping me to make the source code.
(KOR)
마켓의 오픈 시간(보통 GMT 0시)에 첫 바를 기준으로 의미 있는 움직임이 시작되기에
이를 지지와 저항으로 활용하는 도구로 쓰기 위하여 만든 지표입니다.
GMT 0시 15분 봉 마감 기준으로, 양봉이면 그 양봉의 고점을 이어 가로줄을 긋고,
음봉이면 저점을 이어 가로줄을 긋습니다. 서로 색을 달리하여 시각화를 돕습니다.
이를 멀리서 보면 촘촘히 얽힌 구간이 나오고 그렇지 않은 구간이 나옵니다.
이를 통해 지지/저항이 강한 구간과 약한 구간을 구별할 수가 있습니다.
편의를 돕기 위해 색과 투명도 조절까지만 넣어 놓았습니다.
추후 업그레이드는 예정되어 있지 않습니다.
이 대단한 아이디어를 주신 ADOL_에게 감사드리며,
소스 코드를 만들게 해주신 Bjorn Mistiaen에게도 감사를 드립니다.
On Chart Anticipated Moving Average Crossover IndicatorIntroducing the on chart moving average crossover indicator.
This is my On Chart Pinescript implementation of the Anticipated Simple Moving Average Crossover idea.
This indicator plots 6 user defined moving averages.
It also plots the 5 price levels required on the next close to cross a user selected moving average with the 5 other user defined moving averages
It also gives signals of anticipated moving average crosses as arrows on chart and also as tradingview alerts with a very high degree of accuracy
Much respect to the creator of the original idea Mr. Dimitris Tsokakis
Moving Averages
A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier.
Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions.
Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s).
While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals.
Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days).
Trading Strategies — Moving Average Crossovers
Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance.
The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend.
Another strategy is to apply two moving averages to a chart: one longer and one shorter.
When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross."
Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross."
MA and MA Cross Strategy Disadvantages
Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature.
Moving averages are always based on historical data and simply show the average price over a certain time period.
Therefore, results using moving averages can be quite random.
At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect.
One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals.
When this occurs, it's best to step aside or utilize another indicator to help clarify the trend.
The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades.
Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
Anticipated Simple Moving Average Crossover IndicatorIntroducing the Anticipated Simple Moving Average Crossover Indicator
This is my Pinescript implementation of the Anticipated Simple Moving Average Crossover Indicator
Much respect to the original creator of this idea Dimitris Tsokakis
This indicator removes one bar of lag from simple moving average crossover signals with a high degree of accuracy to give a slight but very real edge.
Moving Averages
A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier.
Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions.
Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s).
While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals.
Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days).
Trading Strategies — Moving Average Crossovers
Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance.
The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend.
Another strategy is to apply two moving averages to a chart: one longer and one shorter.
When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross."
Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross."
MA and MA Cross Strategy Disadvantages
Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature.
Moving averages are always based on historical data and simply show the average price over a certain time period.
Therefore, results using moving averages can be quite random.
At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect.
One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals.
When this occurs, it's best to step aside or utilize another indicator to help clarify the trend.
The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades.
Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
Trend Regularity Adaptive Moving Average [LuxAlgo]The following moving average adapt to the average number of highest high/lowest low made over a specific period, thus adapting to trend strength. Interesting results can be obtained when using the moving average in a MA crossover system or as a trailing support/resistance.
Settings
Length : Period of the indicator, with higher values returning smoother results.
Src : Source input of the indicator.
Usage
The trend regularity adaptive moving average (TRAMA) can be used like most moving averages, with the advantage of being smoother during ranging markets.
Notice how the moving closer to the price the longer a trend last, such effect can be practical to have early entry points when using the moving average in a MA crossover system, such effect is due to the increasing number of average highest high/lowest low made during longer trends. Note that in the case of a significant uptrend followed by a downtrend, the moving average might penalize the start of the downtrend (and vice versa).
The moving average can also act as an interesting trailing support/resistance.
Details
The moving average is calculated using exponential averaging, using as smoothing factor the squared simple moving average of the number of highest high/lowest low previously made, highest high/lowest low are calculated using rolling maximums/minimums.
Using higher values of length will return fewer highest high/lowest low which explains why the moving average is smoother for higher length values. Squaring allows the moving average to penalize lower values, thus appearing more stationary during ranging markets, it also allows to have some consistency regarding the length setting.
🧙 this moving average would not be possible without the existence of corn syrup 🦎
Fibonacci Moving AverageFibonacci extensions on a moving average. Useful for finding potential levels of support and resistance. Look for confluence with horizontal support/resistance and momentum oscillators.
Pivot S/RThis support/resistance indicator draws a horizontal line at historical Daily swing points.
I've found this to be a very accurate indicator for determining current levels of support and resistance. Double lines and clusters of lines provide particularly strong levels.
Most of the settings are changeable.
Vagas-dctang(8~13)Overview
The Vegas Tunnel EMA 8-13 is a refined technical analysis indicator that utilizes two key exponential moving averages (8-period and 13-period EMAs) to create a dynamic tunnel system for identifying trend direction and potential support/resistance zones. This indicator is specifically designed to help traders visualize price action within the context of short-term trend dynamics.
Key Features
✅ Dual EMA Tunnel System: Creates a visual tunnel between 8 EMA (fast) and 13 EMA (slow) to identify trend channels ✅ Dynamic Support Detection: The tunnel acts as dynamic support during uptrends and resistance during downtrends ✅ Trend Confirmation: Price position relative to the tunnel helps confirm the current market trend ✅ Entry/Exit Signals: Tunnel crossovers and price interactions provide clear trading signals ✅ Multi-Timeframe Compatible: Works effectively across various timeframes from scalping to swing trading
How It Works
The Vegas Tunnel EMA 8-13 operates on the principle that shorter-period EMAs react more quickly to price changes, creating a responsive tunnel system:
Bullish Tunnel: When 8 EMA > 13 EMA, the tunnel indicates an upward trend with potential support zones
Bearish Tunnel: When 8 EMA < 13 EMA, the tunnel indicates a downward trend with potential resistance zones
Tunnel Width: The distance between EMAs indicates trend strength and volatility
Price Interaction: Bounces off the tunnel boundaries suggest trend continuation, while breaks may signal reversals
Trading Applications
Trend Following: Use tunnel direction to align trades with the prevailing trend
Support/Resistance Trading: Enter long positions when price bounces off tunnel support, short when rejected at resistance
Breakout Strategy: Trade tunnel breaks as potential trend continuation or reversal signals
Risk Management: Use tunnel boundaries as dynamic stop-loss levels
Advantages Over Traditional Moving Averages
Reduced Noise: The tunnel system filters out minor price fluctuations
Visual Clarity: Easy identification of trend channels and key levels
Faster Response: 8-13 period combination provides quicker signals than longer-term systems
Versatile Application: Suitable for various trading styles and market conditions
Best Practices
Combine with volume analysis for stronger signal confirmation
Consider higher timeframe tunnel direction for context
Use proper risk management with position sizing
Backtest on your preferred instruments and timeframes
This indicator is ideal for traders seeking a clean, effective tool for trend analysis and dynamic support/resistance identification in fast-moving markets.
SMC - Institutional Confidence Oscillator [PhenLabs]📊 Institutional Confidence Oscillator
Version: PineScript™v6
📌 Description
The Institutional Confidence Oscillator (ICO) revolutionizes market analysis by automatically detecting and evaluating institutional activity at key support and resistance levels using our own in-house detection system. This sophisticated indicator combines volume analysis, volatility measurements, and mathematical confidence algorithms to provide real-time readings of institutional sentiment and zone strength.
Using our advanced thin liquidity detection, the ICO identifies high-volume, narrow-range bars that signal institutional zone formation, then tracks how these zones perform under market pressure. The result is a dual-wave confidence oscillator that shows traders when institutions are actively defending price levels versus when they’re abandoning positions.
The indicator transforms complex institutional behavior patterns into clear, actionable confidence percentiles, helping traders align with smart money movements and avoid common retail trading pitfalls.
🚀 Points of Innovation
Automated thin liquidity zone detection using volume threshold multipliers and zone size filtering
Dual-sided confidence tracking for both support and resistance levels simultaneously
Sigmoid function processing for enhanced mathematical accuracy in confidence calculations
Real-time institutional defense pattern analysis through complete test cycles
Advanced visual smoothing options with multiple algorithmic methods (EMA, SMA, WMA, ALMA)
Integrated momentum indicators and gradient visualization for enhanced signal clarity
🔧 Core Components
Volume Threshold System: Analyzes volume ratios against baseline averages to identify institutional activity spikes
Zone Detection Algorithm: Automatically identifies thin liquidity zones based on customizable volume and size parameters
Confidence Lifecycle Engine: Tracks institutional defense patterns through complete observation windows
Mathematical Processing Core: Uses sigmoid functions to convert raw market data into normalized confidence percentiles
Visual Enhancement Suite: Provides multiple smoothing methods and customizable display options for optimal chart interpretation
🔥 Key Features
Auto-Detection Technology: Automatically scans for institutional zones without manual intervention, saving analysis time
Dual Confidence Tracking: Simultaneously monitors both support and resistance institutional activity for comprehensive market view
Smart Zone Validation: Evaluates zone strength through volume analysis, adverse excursion measurement, and defense success rates
Customizable Parameters: Extensive input options for volume thresholds, observation windows, and visual preferences
Real-Time Updates: Continuously processes market data to provide current institutional confidence readings
Enhanced Visualization: Features gradient fills, momentum indicators, and information panels for clear signal interpretation
🎨 Visualization
Dual Oscillator Lines: Support confidence (cyan) and resistance confidence (red) plotted as percentage values 0-100%
Gradient Fill Areas: Color-coded regions showing confidence dominance and strength levels
Reference Grid Lines: Horizontal markers at 25%, 50%, and 75% levels for easy interpretation
Information Panel: Real-time display of current confidence percentiles with color-coded dominance indicators
Momentum Indicators: Rate of change visualization for confidence trends
Background Highlights: Extreme confidence level alerts when readings exceed 80%
📖 Usage Guidelines
Auto-Detection Settings
Use Auto-Detection
Default: true
Description: Enables automatic thin liquidity zone identification based on volume and size criteria
Volume Threshold Multiplier
Default: 6.0, Range: 1.0+
Description: Controls sensitivity of volume spike detection for zone identification, higher values require more significant volume increases
Volume MA Length
Default: 15, Range: 1+
Description: Period for volume moving average baseline calculation, affects volume spike sensitivity
Max Zone Height %
Default: 0.5%, Range: 0.05%+
Description: Filters out wide price bars, keeping only thin liquidity zones as percentage of current price
Confidence Logic Settings
Test Observation Window
Default: 20 bars, Range: 2+
Description: Number of bars to monitor zone tests for confidence calculation, longer windows provide more stable readings
Clean Break Threshold
Default: 1.5 ATR, Range: 0.1+
Description: ATR multiple required for zone invalidation, higher values make zones more persistent
Visual Settings
Smoothing Method
Default: EMA, Options: SMA/EMA/WMA/ALMA
Description: Algorithm for signal smoothing, EMA responds faster while SMA provides more stability
Smoothing Length
Default: 5, Range: 1-50
Description: Period for smoothing calculation, higher values create smoother lines with more lag
✅ Best Use Cases
Trending market analysis where institutional zones provide reliable support/resistance levels
Breakout confirmation by validating zone strength before position entry
Divergence analysis when confidence shifts between support and resistance levels
Risk management through identification of high-confidence institutional backing
Market structure analysis for understanding institutional sentiment changes
⚠️ Limitations
Performs best in liquid markets with clear institutional participation
May produce false signals during low-volume or holiday trading periods
Requires sufficient price history for accurate confidence calculations
Confidence readings can fluctuate rapidly during high-impact news events
Manual fallback zones may not reflect actual institutional activity
💡 What Makes This Unique
Automated Detection: First Pine Script indicator to automatically identify thin liquidity zones using sophisticated volume analysis
Dual-Sided Analysis: Simultaneously tracks institutional confidence for both support and resistance levels
Mathematical Precision: Uses sigmoid functions for enhanced accuracy in confidence percentage calculations
Real-Time Processing: Continuously evaluates institutional defense patterns as market conditions change
Visual Innovation: Advanced smoothing options and gradient visualization for superior chart clarity
🔬 How It Works
1. Zone Identification Process:
Scans for high-volume bars that exceed the volume threshold multiplier
Filters bars by maximum zone height percentage to identify thin liquidity conditions
Stores qualified zones with proximity threshold filtering for relevance
2. Confidence Calculation Process:
Monitors price interaction with identified zones during observation windows
Measures volume ratios and adverse excursions during zone tests
Applies sigmoid function processing to normalize raw data into confidence percentiles
3. Real-Time Analysis Process:
Continuously updates confidence readings as new market data becomes available
Tracks institutional defense success rates and zone validation patterns
Provides visual and numerical feedback through the oscillator display
💡 Note:
The ICO works best when combined with traditional technical analysis and proper risk management. Higher confidence readings indicate stronger institutional backing but should be confirmed with price action and volume analysis. Consider using multiple timeframes for comprehensive market structure understanding.
Volumetric Support and Resistance [BackQuant]Volumetric Support and Resistance
What this is
This Overlay locates price levels where both structure and participation have been meaningful. It combines classical swing points with a volume filter, then manages those levels on the chart as price evolves. Each level carries:
• A reference price (support or resistance)
• An estimate of the volume that traded around that price
• A touch counter that updates when price retests it
• A visual box whose thickness is scaled by volatility
The result is a concise map of candidate support and resistance that is informed by both price location and how much trading occurred there.
How levels are built
Find structural pivots uses ta.pivothigh and ta.pivotlow with a user set sensitivity. Larger sensitivity looks for broader swings. Smaller sensitivity captures tighter turns.
Require meaningful volume computes an average volume over a lookback period and forms a volume ratio for the current bar. A pivot only becomes a level when the ratio is at least the volume significance multiplier.
Avoid clustering checks a minimum level distance (as a percent of price). If a candidate is too close to an existing level, it is skipped to keep the map readable.
Attach a volume strength to the level estimates volume strength by averaging the volume of recent bars whose high to low range spans that price. Levels with unusually high strength are flagged as high volume.
Store and draw levels are kept in an array with fields for price, type, volume, touches, creation bar, and a box handle. On the last bar, each level is drawn as a horizontal box centered at the price with a vertical thickness scaled by ATR. Borders are thicker when the level is marked high volume. Boxes can extend into the future.
How levels evolve over time
• Aging and pruning : levels are removed if they are too old relative to the lookback or if you exceed the maximum active levels.
• Break detection : a level can be removed when price closes through it by more than a break threshold set as a fraction of ATR. Toggle with Remove Broken Levels.
• Touches : when price approaches within the break threshold, the level’s touch counter increments.
Visual encoding
• Boxes : support boxes are green, resistance boxes are red. Box height uses an ATR based thickness so tolerance scales with volatility. Transparency is fixed in this version. Borders are thicker on high volume levels.
• Volume annotation : show the estimated volume inside the box or as a label at the right. If a level has more than one touch, a suffix like “(2x)” is appended.
• Extension : boxes can extend a fixed number of bars into the future and can be set to extend right.
• High volume bar tint : bars with volume above average × multiplier are tinted green if up and red if down.
Inputs at a glance
Core Settings
• Level Detection Sensitivity — pivot window for swing detection
• Volume Significance Multiplier — minimum volume ratio to accept a pivot
• Lookback Period — window for average volume and maintenance rules
Level Management
• Maximum Active Levels — cap on concurrently drawn levels
• Minimum Level Distance (%) — required spacing between level prices
Visual Settings
• Remove Broken Levels — drop a level once price closes decisively through it
• Show Volume Information on Levels — annotate volume and touches
• Extend Levels to Right — carry boxes forward
Enhanced Visual Settings
• Show Volume Text Inside Box — text placement option
• Volume Based Transparency and Volume Based Border Thickness — helper logic provided; current draw block fixes transparency and increases border width on high volume levels
Colors
• Separate colors for support, resistance, and their high volume variants
How it can be used
• Trade planning : use the most recent support and resistance as reference zones for entries, profit taking, or stop placement. ATR scaled thickness provides a practical buffer.
• Context for patterns : combine with breakouts, pullbacks, or candle patterns. A breakout through a high volume resistance carries more informational weight than one through a thin level.
• Prioritization : when multiple levels are nearby, prefer high volume or higher touch counts.
• Regime adaptation : widen sensitivity and increase minimum distance in fast regimes to avoid clutter. Tighten them in calm regimes to capture more granularity.
Why volume support and resistance is used in trading
Support and resistance relate to willingness to transact at certain prices. Volume measures participation. When many contracts change hands near a price:
• More market players hold inventory there, often creating responsive behavior on retests
• Order flow can concentrate again to defend or to exit
• Breaks can be cleaner as trapped inventory rebalances
Conditioning level detection on above average activity focuses attention on prices that mattered to more participants.
Alerts
• New Support Level Created
• New Resistance Level Created
• Level Touch Alert
• Level Break Alert
Strengths
• Dual filter of structure and participation, reducing trivial swing points
• Self cleaning map that retires old or invalid levels
• Volatility aware presentation using ATR based thickness
• Touch counting for persistence assessment
• Tunable inputs for instrument and timeframe
Limitations and caveats
• Volume strength is an approximation based on bars spanning the price, not true per price volume
• Pivots confirm after the sensitivity window completes, so new levels appear with a delay
• Narrow ranges can still cluster levels unless minimum distance is increased
• Large gaps may jump past levels and immediately trigger break conditions
Practical tuning guide
• If the chart is crowded: increase sensitivity, increase minimum level distance, or reduce maximum active levels
• If useful levels are missed: reduce volume multiplier or sensitivity
• If you want stricter break removal: increase the ATR based break threshold in code
• For instruments with session patterns: tailor the lookback period to a representative window
Interpreting touches and breaks
• First touch after creation is a validation test
• Multiple shallow touches suggest absorption; a later break may then travel farther
• Breaks on high current volume merit extra attention
Multi timeframe usage
Levels are computed on the active chart timeframe. A common workflow is to keep a higher timeframe instance for structure and a lower timeframe instance for execution. Align trades with higher timeframe levels where possible.
Final Thoughts
This indicator builds a lightweight, self updating map of support and resistance grounded in swings and participation. It is not a full market profile, but it captures much of the practical benefit with modest complexity. Treat levels as context and decision zones, not guarantees. Combine with your entry logic and risk controls.
PDH/PDL (prev RTH) + Current ETH High/LowDescription:
This indicator automatically plots the key levels of PDH/PDL (Previous Day High/Low from regular trading hours – RTH) and ETH High/Low (Extended Hours: pre-market + after-hours) in real time.
• PDH/PDL: calculated at the close of RTH (09:30–16:00 NYSE) and anchored until the next day.
• ETH High/Low: updated live during extended hours (04:00–09:29 and 16:00–20:00 NYSE) and “frozen” at the RTH open for reference during the regular session.
• Customization options: colors, line styles (solid/dashed/dotted), thickness, labels, and the ability to extend lines to the right.
• Levels can also be displayed directly on the price scale.
This script is designed for traders who want a quick visualization of the most relevant levels from the previous day and extended hours, making it easier to identify supports, resistances, and potential reaction zones in price action.
By: Miguel Arenas
FlowStateTrader FlowState Trader - Advanced Time-Filtered Strategy
## Overview
FlowState Trader is a sophisticated algorithmic trading strategy that combines precision entry signals with intelligent time-based filtering and adaptive risk management. Built for traders seeking to achieve their optimal performance state, FlowState identifies high-probability trading opportunities within user-defined time windows while employing dynamic trailing stops and partial position management.
## Core Strategy Philosophy
FlowState Trader operates on the principle that peak trading performance occurs when three elements align: **Focus** (precise entry signals), **Flow** (optimal time windows), and **State** (intelligent position management). This strategy excels at finding reversal opportunities at key support and resistance levels while filtering out suboptimal trading periods to keep traders in their optimal flow state.
## Key Features
### 🎯 Focus Entry System
**Support/Resistance Zone Trading**:
- Dynamic identification of key price levels using configurable lookback periods
- Entry signals triggered when price interacts with these critical zones
- Volume confirmation ensures genuine breakout/reversal momentum
- Trend filter alignment prevents counter-trend disasters
**Entry Conditions**:
- **Long Signals**: Price closes above support buffer, touches support level, with above-average volume
- **Short Signals**: Price closes below resistance buffer, touches resistance level, with above-average volume
- Optional trend filter using EMA or SMA for directional bias confirmation
### ⏰ FlowState Time Filtering System
**Comprehensive Time Controls**:
- **12-Hour Format Trading Windows**: User-friendly AM/PM time selection
- **Multi-Timezone Support**: UTC, EST, PST, CST with automatic conversion
- **Day-of-Week Filtering**: Trade only weekdays, weekends, or both
- **Lunch Hour Avoidance**: Automatically skips low-volume lunch periods (12-1 PM)
- **Visual Time Indicators**: Background coloring shows active/inactive trading periods
**Smart Time Features**:
- Handles overnight trading sessions seamlessly
- Prevents trades during historically poor performance periods
- Customizable trading hours for different market sessions
- Real-time trading window status in dashboard
### 🛡️ Adaptive Risk Management
**Multi-Level Take Profit System**:
- **TP1**: First profit target with optional partial position closure
- **TP2**: Final profit target for remaining position
- **Flexible Scaling**: Choose number of contracts to close at each level
**Dynamic Trailing Stop Technology**:
- **Three Operating Modes**:
- **Conservative**: Earlier activation, tighter trailing (protect profits)
- **Balanced**: Optimal risk/reward balance (recommended)
- **Aggressive**: Later activation, wider trailing (let winners run)
- **ATR-Based Calculations**: Adapts to current market volatility
- **Automatic Activation**: Engages when position reaches profitability threshold
### 📊 Intelligent Position Sizing
**Contract-Based Management**:
- Configurable entry quantity (1-1000 contracts)
- Partial close quantities for profit-taking
- Clear position tracking and P&L monitoring
- Real-time position status updates
### 🎨 Professional Visualization
**Enhanced Chart Elements**:
- **Entry Zone Highlighting**: Clear visual identification of trading opportunities
- **Dynamic Risk/Reward Lines**: Real-time TP and SL levels with price labels
- **Trailing Stop Visualization**: Live tracking of adaptive stop levels
- **Support/Resistance Lines**: Key level identification
- **Time Window Background**: Visual confirmation of active trading periods
**Dual Dashboard System**:
- **Strategy Dashboard**: Real-time position info, settings status, and current levels
- **Performance Scorecard**: Live P&L tracking, win rates, and trade statistics
- **Customizable Sizing**: Small, Medium, or Large display options
### ⚙️ Comprehensive Customization
**Core Strategy Settings**:
- **Lookback Period**: Support/resistance calculation period (5-100 bars)
- **ATR Configuration**: Period and multipliers for stops/targets
- **Reward-to-Risk Ratios**: Customizable profit target calculations
- **Trend Filter Options**: EMA/SMA selection with adjustable periods
**Time Filter Controls**:
- **Trading Hours**: Start/end times in 12-hour format
- **Timezone Selection**: Four major timezone options
- **Day Restrictions**: Weekend-only, weekday-only, or unrestricted
- **Session Management**: Lunch hour avoidance and custom periods
**Risk Management Options**:
- **Trailing Stop Modes**: Conservative/Balanced/Aggressive presets
- **Partial Close Settings**: Enable/disable with custom quantities
- **Alert System**: Comprehensive notifications for all trade events
### 📈 Performance Tracking
**Real-Time Metrics**:
- Net profit/loss calculation
- Win rate percentage
- Profit factor analysis
- Maximum drawdown tracking
- Total trade count and breakdown
- Current position P&L
**Trade Analytics**:
- Winner/loser ratio tracking
- Real-time performance scorecard
- Strategy effectiveness monitoring
- Risk-adjusted return metrics
### 🔔 Alert System
**Comprehensive Notifications**:
- Entry signal alerts with price and quantity
- Take profit level hits (TP1 and TP2)
- Stop loss activations
- Trailing stop engagements
- Position closure notifications
## Strategy Logic Deep Dive
### Entry Signal Generation
The strategy identifies high-probability reversal points by combining multiple confirmation factors:
1. **Price Action**: Looks for price interaction with key support/resistance levels
2. **Volume Confirmation**: Ensures sufficient market interest and liquidity
3. **Trend Alignment**: Optional filter prevents counter-trend positions
4. **Time Validation**: Only trades during user-defined optimal periods
5. **Zone Analysis**: Entry occurs within calculated buffer zones around key levels
### Risk Management Philosophy
FlowState Trader employs a three-tier risk management approach:
1. **Initial Protection**: ATR-based stop losses set at strategy entry
2. **Profit Preservation**: Trailing stops activate once position becomes profitable
3. **Scaled Exit**: Partial profit-taking allows for both security and potential
### Time-Based Edge
The time filtering system recognizes that not all trading hours are equal:
- Avoids low-volume, high-spread periods
- Focuses on optimal liquidity windows
- Prevents trading during news events (lunch hours)
- Allows customization for different market sessions
## Best Practices and Optimization
### Recommended Settings
**For Scalping (1-5 minute charts)**:
- Lookback Period: 10-20
- ATR Period: 14
- Trailing Stop: Conservative mode
- Time Filter: Major session hours only
**For Day Trading (15-60 minute charts)**:
- Lookback Period: 20-30
- ATR Period: 14-21
- Trailing Stop: Balanced mode
- Time Filter: Extended trading hours
**For Swing Trading (4H+ charts)**:
- Lookback Period: 30-50
- ATR Period: 21+
- Trailing Stop: Aggressive mode
- Time Filter: Disabled or very broad
### Market Compatibility
- **Forex**: Excellent for major pairs during active sessions
- **Stocks**: Ideal for liquid stocks during market hours
- **Futures**: Perfect for index and commodity futures
- **Crypto**: Effective on major cryptocurrencies (24/7 capability)
### Risk Considerations
- **Market Conditions**: Performance varies with volatility regimes
- **Timeframe Selection**: Lower timeframes require tighter risk management
- **Position Sizing**: Never risk more than 1-2% of account per trade
- **Backtesting**: Always test on historical data before live implementation
## Educational Value
FlowState serves as an excellent learning tool for:
- Understanding support/resistance trading
- Learning proper time-based filtering
- Mastering trailing stop techniques
- Developing systematic trading approaches
- Risk management best practices
## Disclaimer
This strategy is for educational and informational purposes only. Past performance does not guarantee future results. Trading involves substantial risk of loss and is not suitable for all investors. Users should thoroughly backtest the strategy and understand all risks before live trading. Always use proper position sizing and never risk more than you can afford to lose.
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*FlowState Trader represents the evolution of systematic trading - combining classical technical analysis with modern risk management and intelligent time filtering to help traders achieve their optimal performance state through systematic, disciplined execution.*
LevelsThis Indicator is meant to plot some of the most common levels that traders use.
The display of these levels is highly customizable, as you can choose the line type , color , thickness and whether it shows you no label, price only, reduced label or full label next to the line. All labels (except for "no Label") will show the price at this level.
Also You have the option to mark the start on each timeframe with either a individually colored background or a vertical line where you can choose the line style and color.
Full List of available Levels and Optional inputs to these levels:
Previous HTF Candle Levels:
• Previous HTF Candle Open
• Previous HTF Candle High
• Previous HTF Candle Low
• Previous HTF Candle Close
Optional:
• Choose any higher timeframe
• Mark start of new HTF candle
Session Levels:
• Session Open
• Session High
• Session Low
• Session Close
Optional:
• Choose any time as start and end of your session
• Mark start of session
• Mark full session
Daily Levels:
• Current Day Open
• Current Day High
• Current Day Low
• Previous Day Open
• Previous Day High
• Previous Day Low
• Previous Day Close
Optional:
• Choose start of day (standard, NY Midnight, custom start time)
• Mark start of day
Weekly Levels:
• Current Week Open
• Current Week High
• Current Week Low
• Previous Week Open
• Previous Week High
• Previous Week Low
• Previous Week Close
Optional:
• Mark start of Week
Monthly Levels:
• Current Month Open
• Current Month High
• Current MonthLow
• Previous Month Open
• Previous Month High
• Previous Month Low
• Previous Month Close
Optional:
• Mark start of Month
