Volume Profile With HVN & LVN detectorVolume Profile Indicator
Based on the works of tradeforopp
Overview
The Volume Profile Indicator is a powerful technical analysis tool that visually represents the distribution of trading volume over price levels within a specified timeframe. It helps traders identify key support and resistance zones, high-volume trading areas, and low-volume rejection zones. The indicator includes customizable settings for Volume Point of Control (VPOC), High Volume Nodes (HVNs), and Low Volume Nodes (LVNs), making it a versatile tool for price action analysis and volume-based decision-making.
Key Features
🔹 Customizable Volume Profile
Adjustable number of rows to define the resolution of the volume profile.
Configurable timeframe aggregation for profile calculation (e.g., Daily, Weekly).
Selectable price resolution timeframe for precise profile construction.
Extendable volume profile for future sessions.
Fully customizable profile color and transparency settings.
🔹 Volume Point of Control (VPOC)
Displays the most traded price level within the selected timeframe.
Option to extend multiple VPOCs across the chart.
Adjustable VPOC line width and color customization.
Option to display VPOC labels when working with higher timeframe profiles.
🔹 High Volume Nodes (HVNs)
Identifies high-volume price levels where significant trading activity has occurred.
Configurable HVN strength to adjust detection sensitivity.
Two display modes:
Lines: Plots HVN levels as horizontal lines.
Areas: Highlights HVN regions with colored boxes.
Separate bullish and bearish HVN color settings.
🔹 Low Volume Nodes (LVNs)
Identifies low-volume price levels, which often act as rejection zones.
Configurable LVN strength to fine-tune detection.
Two display modes:
Lines: Marks LVN levels as horizontal lines.
Areas: Highlights LVN regions with shaded boxes.
Separate bullish and bearish LVN color settings.
🔹 Optimized for Performance
Efficient use of arrays for data storage and retrieval.
Global functions for HVN and LVN detection.
Uses security calls to access lower timeframe price and volume data.
Use Cases
✅ Identify Support & Resistance Levels
The indicator highlights key price levels where significant buying or selling interest exists.
✅ Detect Breakout & Reversal Zones
Low-volume areas (LVNs) often indicate price rejection zones, while high-volume areas (HVNs) suggest strong price acceptance zones.
✅ Improve Trade Entries & Exits
Traders can use the Volume Point of Control (VPOC) and volume clusters to refine entry and exit points.
✅ Enhance Price Action Strategies
By incorporating volume-based analysis, this indicator provides deeper market insights beyond traditional support/resistance and trendlines.
Customization & Settings
📌 Volume Profile Settings:
Rows: Defines the granularity of the volume profile.
Profile Timeframe: Specifies the aggregation period (e.g., Daily, Weekly).
Resolution Timeframe: Determines the price resolution for volume analysis.
Profile Extend %: Controls how much the profile extends into the next session.
📌 Volume Point of Control (VPOC):
Enable/Disable VPOC visualization.
Extend past VPOC levels to the right.
Display VPOC labels for higher timeframe profiles.
Adjustable VPOC line width and color.
📌 High Volume Nodes (HVNs):
Enable/Disable HVN detection.
Define HVN strength (volume threshold).
Choose between Line Mode or Area Mode.
Configure bullish and bearish HVN colors.
📌 Low Volume Nodes (LVNs):
Enable/Disable LVN detection.
Define LVN strength (volume threshold).
Choose between Line Mode or Area Mode.
Configure bullish and bearish LVN colors.
Komut dosyalarını "support resistance" için ara
Cluster Reversal Zones📌 Cluster Reversal Zones – Smart Market Turning Point Detector
📌 Category : Public (Restricted/Closed-Source) Indicator
📌 Designed for : Traders looking for high-accuracy reversal zones based on price clustering & liquidity shifts.
🔍 Overview
The Cluster Reversal Zones Indicator is an advanced market reversal detection tool that helps traders identify key turning points using a combination of price clustering, order flow analysis, and liquidity tracking. Instead of relying on static support and resistance levels, this tool dynamically adjusts to live market conditions, ensuring traders get the most accurate reversal signals possible.
📊 Core Features:
✅ Real-Time Reversal Zone Mapping – Detects high-probability market turning points using price clustering & order flow imbalance.
✅ Liquidity-Based Support/Resistance Detection – Identifies strong rejection zones based on real-time liquidity shifts.
✅ Order Flow Sensitivity for Smart Filtering – Filters out weak reversals by detecting real market participation behind price movements.
✅ Momentum Divergence for Confirmation – Aligns reversal zones with momentum divergences to increase accuracy.
✅ Adaptive Risk Management System – Adjusts risk parameters dynamically based on volatility and trend state.
🔒 Justification for Mashup
The Cluster Reversal Zones Indicator contains custom-built methodologies that extend beyond traditional support/resistance indicators:
✔ Smart Price Clustering Algorithm: Instead of plotting fixed support/resistance lines, this system analyzes historical price clustering to detect active reversal areas.
✔ Order Flow Delta & Liquidity Shift Sensitivity: The tool tracks real-time order flow data, identifying price zones with the highest accumulation or distribution levels.
✔ Momentum-Based Reversal Validation: Unlike traditional indicators, this tool requires a momentum shift confirmation before validating a potential reversal.
✔ Adaptive Reversal Filtering Mechanism: Uses a combination of historical confluence detection + live market validation to improve accuracy.
🛠️ How to Use:
• Works well for reversal traders, scalpers, and swing traders seeking precise turning points.
• Best combined with VWAP, Market Profile, and Delta Volume indicators for confirmation.
• Suitable for Forex, Indices, Commodities, Crypto, and Stock markets.
🚨 Important Note:
For educational & analytical purposes only.
Adaptive Supply and Demand [EdgeTerminal]Adaptive Supply and Demand is a dynamic supply and demand indicator with a few unique twists. It considers volume pressure, volatility-based adjustments and multi-time frame momentum for confidence scoring (multi-step confirmation) to generate dynamic lines that adjust based on the market and also to generate dynamic support/resistance levels for the supply and demand lines.
The dynamic support and resistance lines shown gives you a better situational awareness of the current state of the market and add more context to why the market is moving into a certain direction.
> Trading Scenarios
When the confidence score is over 80%, strong volume pressure in trend direction (up or down), volatility is low and momentum is aligned across timeframes, there is an indication of a strong upward or downward trend.
When the supply and demand line crossover, the confidence score is over 75% and the volume pressure is shifting, this can be an indicator of trend reversal. Use tight initial stops, scale into position as trend develops, monitor the volume pressure for continuation and wait for confidence confirmation.
When the confiance score is below 60%, the volume pressure is choppy, volatility is high, you want to avoid trading or reduce position size, wait for confidence improvements, use support and resistance for entries/exits and use tighter stops due to market conditions. This is an indication of a ranging market.
Another scenario is when there is a sudden volume pressure increase, and a raising confidence score, the volatility is expanding and the bar momentum is aligning the volatility direction. This can indicate a breakout scenario.
> How it Works
1. Volume Pressure Analysis
Volume Pressure Analysis is a key component that measures the true buying and selling force in the market. Here's a detailed breakdown. The idea is to standardize volume to prevent large spikes from skewing results.
The indicator employs an adaptive volume normalization technique to detect genuine buying and selling pressure.
It takes current volume and divides it by average volume.
If normVol > 1: Current volume is above average
If normVol < 1: Current volume is below average
An example if this would be If current volume is 1500 and average is 1000, normVol = 1.5 (50% above average)
Another component of the volume pressure analysis is the Price Change Calculation sub-module. The purpose of this is to measure price movement relative to recent average.
It works by subtracting the average price from the current price. If the value is positive, price is average and if negative, price is below average.
Finally, the volume pressure is calculated to combine volume and price for true pressure reading.
2. Savitzky-Golay Filtering
SG filtering implements advanced signal smoothing while preserving important trend features. It uses weighted moving average approximation, preserves higher moments of data and reduces noise while maintaining signal integrity.
This results in smoother signal lines, reduced false crossovers and better trend identification. Traditional moving averages tend to lag and smooth out important features. Additionally, simple moving averages can miss critical turning points and regular smoothing can delay signal generation.
SG filtering preserves higher moments such as peaks, valleys and trends, reduces noise while maintaining signal sharpness.
It works by creating a symmetric weighting scheme. This way center points get the highest weights while edge points get the lowest weight.
3. Parkinson's Volatility
Parkinson's Volatility is an advanced volatility measurement formula using high-low range data. It uses high-low range for volatility calculation, incorporates logarithmic returns and annualized the volatility measure.
This results in more accurate volatility measurement, better risk assessment and dynamic signal sensitivity.
4. Multi-timeframe Momentum
This combines signals from each module for each timeframe to calculate momentum across three timeframes. It also applies weighted importance to each timeframe and generates a composite momentum signal.
This results in a more comprehensive trend analysis, reduced timeframe bias and better trend confirmation.
> Indicator Settings
Short-term Period:
Lower values makes it more sensitive, meaning it will generate more signals. Higher values makes it less sensitive, resulting in fewer signals. We recommend a 5 to 15 range for day trading, and 10 to 20 for swing trading
Medium-term Period:
Lower values result in faster trend confirmation and higher values show slower and more reliable confirmation. We recommend a range of 15-25 for day trading and 20-30 for swing trading.
Long-term Period:
Lower values makes it more responsive to trend changes and higher values are better for major trend identification. We recommend a range of 40-60 for day trading and 50-100 for swing trading.
Volume Analysis Window:
Lower values result in more sensitivity to volume changes and higher values result in smoother volume analysis. The optimal range is 15-25 for most trading styles.
Confidence Threshold:
Lower values generate more signals but quality decreases. Higher values generate fewer signals but accuracy increases.The optimal range is 0.65-0.8 for most trading conditions.
Sma Indicator with Ratio (pr)SMA Indicator with Ratio (PR) is a technical analysis tool designed to provide insights into the relationship between multiple Simple Moving Averages (SMAs) across different time frames. This indicator combines three key SMAs: the 111-period SMA, 730-period SMA, and 1400-period SMA. Additionally, it introduces a ratio-based approach, where the 730-period SMA is multiplied by factors of 2, 3, 4, and 5, allowing users to analyze potential market trends and price movements in relation to different SMA levels.
What Does This Indicator Do?
The primary function of this indicator is to track the movement of prices in relation to several SMAs with varying periods. By visualizing these SMAs, users can quickly identify:
Short-term trends (111-period SMA)
Medium-term trends (730-period SMA)
Long-term trends (1400-period SMA)
Additionally, the multiplied versions of the 730-period SMA provide deeper insights into potential price reactions at different levels of market volatility.
How Does It Work?
The 111-period SMA tracks the shorter-term price trend and can be used for identifying quick market movements.
The 730-period SMA represents a longer-term trend, helping users gauge overall market sentiment and direction.
The 1400-period SMA acts as a very long-term trend line, giving users a broad perspective on the market’s movement.
The ratio-based SMAs (2x, 3x, 4x, 5x of the 730-period SMA) allow for an enhanced understanding of how the price reacts to higher or lower volatility levels. These ratios are useful for identifying key support and resistance zones in a dynamic market environment.
Why Use This Indicator?
This indicator is useful for traders and analysts who want to track the interaction of price with different moving averages, enabling them to make more informed decisions about potential trend reversals or continuations. The added ratio-based values enhance the ability to predict how the market might react at different levels.
How to Use It?
Trend Confirmation: Traders can use the indicator to confirm the direction of the market. If the price is above the 111, 730, or 1400-period SMA, it may indicate an uptrend, and if below, a downtrend.
Support/Resistance Levels: The multiplied versions of the 730-period SMA (2x, 3x, 4x, 5x) can be used as dynamic support or resistance levels. When the price approaches or crosses these levels, it might indicate a change in the trend.
Volatility Insights: By observing how the price behaves relative to these SMAs, traders can gauge market volatility. Higher multiples of the 730-period SMA can signal more volatile periods where price movements are more pronounced.
Fixed Range LevelsThis indicator draws horizontal price levels on your chart based on a starting price and a range size that you define. It can also draw midpoint lines between the main levels if enabled.
Here's a breakdown of its functionality:
Key Features:
Starting Price:
You define a starting price (e.g., 21630).
The indicator calculates a corrected base price by rounding the starting price to the nearest multiple of the range size.
Range Size:
You define a range size (e.g., 71).
The indicator draws horizontal lines at intervals of the range size above and below the corrected base price.
Dual Ranges:
You can define two range sizes (e.g., 71 and 29).
The indicator can draw levels for both ranges simultaneously or individually, depending on your settings.
Midpoint Lines:
If enabled, the indicator draws midpoint lines between the main levels.
For example, if the main levels are at 21584 and 21655, the midpoint line will be at 21619.5.
Customizable Styles:
You can customize the line style (solid, dotted, dashed) and color for both the main levels and midpoint lines.
Dynamic Levels:
The levels are recalculated and redrawn dynamically based on the starting price and range size.
How It Works:
Corrected Base Price Calculation:
The indicator calculates the corrected base price using the formula:
pinescript
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correctedBasePrice = math.floor(startingPrice / rangeSize) * rangeSize
For example, if startingPrice = 21630 and rangeSize = 71:
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correctedBasePrice = math.floor(21630 / 71) * 71 = 304 * 71 = 21584
Drawing Levels:
The indicator draws horizontal lines at intervals of the range size above and below the corrected base price.
For example, if rangeSize = 71 and maxLevels = 5, the levels will be drawn at:
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21584 - (5 * 71) = 21249
21584 - (4 * 71) = 21320
...
21584 + (5 * 71) = 21939
Midpoint Lines:
If enabled, the indicator draws midpoint lines between the main levels.
For example, if the main levels are at 21584 and 21655, the midpoint line will be at:
Copy
(21584 + 21655) / 2 = 21619.5
Dual Ranges:
If you enable both ranges, the indicator will draw levels for both range sizes simultaneously.
For example, if rangeSize1 = 71 and rangeSize2 = 29, the indicator will draw two sets of levels:
Levels at intervals of 71 (e.g., 21584, 21655, 21726, ...).
Levels at intervals of 29 (e.g., 21634, 21663, 21692, ...).
Example Use Case:
Imagine you're trading a stock or cryptocurrency, and you want to identify key support and resistance levels based on a specific price range. Here's how you can use this indicator:
Set the Starting Price:
For example, if the current price is 21630, you can set this as the starting price.
Define the Range Size:
If you believe the price moves in increments of 71, set rangeSize1 = 71.
If you also want to track smaller increments of 29, set rangeSize2 = 29.
Enable Midpoint Lines:
If you want to see the midpoint between the main levels, enable Show Midpoint Line.
Customize Line Styles:
Choose different colors and styles for the main levels and midpoint lines to make them visually distinct.
Analyze the Chart:
The indicator will draw horizontal lines at the specified intervals, helping you identify potential support, resistance, and midpoint levels.
Why Is This Useful?
Support and Resistance Levels:
The horizontal lines act as dynamic support and resistance levels based on the range size you define.
Price Targets:
You can use the levels to identify potential price targets or areas where the price might reverse.
Midpoint Analysis:
The midpoint lines can help you identify areas of consolidation or potential breakout points.
Flexibility:
You can customize the range sizes, colors, and styles to suit your trading strategy.
Summary:
This indicator is a powerful tool for traders who want to visualize price levels and midpoints based on a specific range size. It helps you identify key levels for support, resistance, and potential price targets, making it easier to plan your trades.
Support and Resistance all in one The Support and Resistance Indicator (v4) is designed to identify and track key price levels in financial markets. Here's how it works:
Core Functionality
Level Detection
Uses pivot points to identify significant price levels
Looks for swing highs (resistance) and swing lows (support)
Requires price action to pivot over a specified period (default 10 bars)
Dynamic Level Management
Maintains separate arrays for support and resistance levels
Limits maximum displayed levels (default 10) to prevent chart clutter
Removes oldest levels when maximum is reached
Ensures new levels are sufficiently distant from existing ones (minimum 1% separation)
Touch Detection System
Monitors price interaction with established levels
Counts when price comes within 0.1% of any level
Updates touch count and strength classification
Categories: "New" (1 touch), "Moderate" (2 touches), "Strong" (3+ touches)
Visual Representation
Draws horizontal lines at each level
Updates line width based on strength (thicker for stronger levels)
Shows labels with price and strength information
Color coding: Red (new/moderate levels), Green (strong levels)
Displays triangles (▼▲) at pivot points
Trading Applications
Support/Resistance Trading
Strong levels (3+ touches) suggest reliable trading zones
More touches indicate higher probability reversal points
Use for stop loss and target placement
Breakout Trading
Monitor breaks of strong levels
Higher touch count suggests more significant breakouts
Watch for false breakouts at weaker levels
Risk Management
Place stops beyond strong levels
Use level strength to adjust position size
Consider multiple timeframe analysis
Best Practices
Use with other indicators for confirmation
Consider market context and trend
Monitor level strength development
Don't rely solely on touch count
Watch for price reaction at levels
Customization Options
Adjust pivot length for different timeframes
Modify minimum distance between levels
Change required touches for "Strong" classification
Toggle strength labels display
Choose line style (Solid/Dashed/Dotted)
This indicator helps identify key price levels where market participants have shown interest, making it valuable for trade planning and risk management
Price Imbalance as Consecutive Levels of AveragesOverview
The Price Imbalance as Consecutive Levels of Averages indicator is an advanced technical analysis tool designed to identify and visualize price imbalances in financial markets. Unlike traditional moving average (MA) indicators that update continuously with each new price bar, this indicator employs moving averages calculated over consecutive, non-overlapping historical windows. This unique approach leverages comparative historical data to provide deeper insights into trend strength and potential reversals, offering traders a more nuanced understanding of market dynamics and reducing the likelihood of false signals or fakeouts.
Key Features
Consecutive Rolling Moving Averages: Utilizes three distinct simple moving averages (SMAs) calculated over consecutive, non-overlapping windows to capture different historical segments of price data.
Dynamic Color-Coded Visualization: SMA lines change color and style based on the relationship between the averages, highlighting both extreme and normal market conditions.
Median and Secondary Median Lines: Provides additional layers of price distribution insight during normal trend conditions through the plotting of primary and secondary median lines.
Fakeout Prevention: Filters out short-term volatility and sharp price movements by requiring consistent historical alignment of multiple moving averages.
Customizable Parameters: Offers flexibility to adjust SMA window lengths and line extensions to align with various trading strategies and timeframes.
Real-Time Updates with Historical Context: Continuously recalculates and updates SMA lines based on comparative historical windows, ensuring that the indicator reflects both current and past market conditions.
Inputs & Settings
Rolling Window Lengths:
Window 1 Length (Most Recent) Bars: Number of bars used to calculate the most recent SMA. (Default: 5, Range: 2–300)
Window 2 Length (Preceding) Bars: Number of bars for the second SMA, shifted by Window 1. (Default: 8, Range: 2–300)
Window 3 Length (Third Rolling) Bars: Number of bars for the third SMA, shifted by the combined lengths of Window 1 and Window 2. (Default: 13, Range: 2–300)
Horizontal Line Extension:
Horizontal Line Extension (Bars): Determines how far each SMA line extends horizontally on the chart. (Default: 10 bars, Range: 1–100)
Functionality and Theory
1. Calculating Consecutive Simple Moving Averages (SMAs):
The indicator calculates three SMAs, each based on distinct and consecutive historical windows of price data. This approach contrasts with traditional MAs that continuously update with each new price bar, offering a static view of past trends rather than an ongoing one.
Mean1 (SMA1): Calculated over the most recent Window 1 Length bars. Represents the short-term trend.
Mean1=∑i=1N1CloseiN1
Mean1=N1∑i=1N1Closei
Where N1N1 is the length of Window 1.
Mean2 (SMA2): Calculated over the preceding Window 2 Length bars, shifted back by Window 1 Length bars. Represents the medium-term trend.
\text{Mean2} = \frac{\sum_{i=1}^{N_2} \text{Close}_{i + N_1}}}{N_2}
Where N2N2 is the length of Window 2.
Mean3 (SMA3): Calculated over the third rolling Window 3 Length bars, shifted back by the combined lengths of Window 1 and Window 2 bars. Represents the long-term trend.
\text{Mean3} = \frac{\sum_{i=1}^{N_3} \text{Close}_{i + N_1 + N_2}}}{N_3}
Where N3N3 is the length of Window 3.
2. Determining Market Conditions:
The relationship between the three SMAs categorizes the market condition into either extreme or normal states, enabling traders to quickly assess trend strength and potential reversals.
Extreme Bullish:
Mean3Mean2>Mean1
Mean3>Mean2>Mean1
Indicates a strong and sustained downward trend. SMA lines are colored purple and styled as dashed lines.
Normal Bullish:
Mean1>Mean2andnot in extreme bullish condition
Mean1>Mean2andnot in extreme bullish condition
Indicates a standard upward trend. SMA lines are colored green and styled as solid lines.
Normal Bearish:
Mean1Mean2>Mean1
Mean3>Mean2>Mean1
Normal Bullish:
Mean1>Mean2andnot in Extreme Bullish
Mean1>Mean2andnot in Extreme Bullish
Normal Bearish:
Mean1 Mean2 > Mean3
Visualization: All three SMAs are displayed as gold dashed lines.
Median Lines: Not displayed to maintain chart clarity.
Interpretation: Indicates a strong and sustained upward trend. Traders may consider entering long positions, confident in the trend's strength without the distraction of additional lines.
2. Normal Bullish Condition:
SMAs Alignment: Mean1 > Mean2 (not in extreme condition)
Visualization: Mean1 and Mean2 are green solid lines; Mean3 is gray.
Median Lines: A thin blue dotted median line is plotted between Mean1 and Mean2, with two additional thin blue dashed lines as secondary medians.
Interpretation: Confirms an upward trend while providing deeper insights into price distribution. Traders can use the median and secondary median lines to identify optimal entry points and manage risk more effectively.
3. Extreme Bearish Condition:
SMAs Alignment: Mean3 > Mean2 > Mean1
Visualization: All three SMAs are displayed as purple dashed lines.
Median Lines: Not displayed to maintain chart clarity.
Interpretation: Indicates a strong and sustained downward trend. Traders may consider entering short positions, confident in the trend's strength without the distraction of additional lines.
4. Normal Bearish Condition:
SMAs Alignment: Mean1 < Mean2 (not in extreme condition)
Visualization: Mean1 and Mean2 are red solid lines; Mean3 is gray.
Median Lines: A thin blue dotted median line is plotted between Mean1 and Mean2, with two additional thin blue dashed lines as secondary medians.
Interpretation: Confirms a downward trend while providing deeper insights into price distribution. Traders can use the median and secondary median lines to identify optimal entry points and manage risk more effectively.
Customization and Flexibility
The Price Imbalance as Consecutive Levels of Averages indicator is highly adaptable, allowing traders to tailor it to their specific trading styles and market conditions through adjustable parameters:
SMA Window Lengths: Modify the lengths of Window 1, Window 2, and Window 3 to capture different historical trend segments, whether focusing on short-term fluctuations or long-term movements.
Line Extension: Adjust the horizontal extension of SMA and median lines to align with different trading horizons and chart preferences.
Color and Style Preferences: While default colors and styles are optimized for clarity, traders can customize these elements to match their personal chart aesthetics and enhance visual differentiation.
This flexibility ensures that the indicator remains versatile and applicable across various markets, asset classes, and trading strategies, providing valuable insights tailored to individual trading needs.
Conclusion
The Price Imbalance as Consecutive Levels of Averages indicator offers a comprehensive and innovative approach to analyzing price trends and imbalances within financial markets. By utilizing three consecutive, non-overlapping SMAs and incorporating median lines during normal trend conditions, the indicator provides clear and actionable insights into trend strength and price distribution. Its unique design leverages comparative historical data, distinguishing it from traditional moving averages and enhancing its utility in identifying genuine market movements while minimizing false signals. This dynamic and customizable tool empowers traders to refine their technical analysis, optimize their trading strategies, and navigate the markets with greater confidence and precision.
Ichimoku MTF (best MTF 4H - Entry 15M)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The technical indicator shows relevant information at a glance by using averages.
The overall trend is up when the price is above the cloud, down when the price is below the cloud, and trendless or transitioning when the price is in the cloud.
Charles G. Koonitz. “Ichimoku Analysis & Strategies: The Visual Guide to Spot the Trends in Stock Market, Cryptocurrency and Forex Using Technical Analysis and Cloud Charts," Tripod Solutions Inc., 2019.
When Leading Span A is rising and above Leading Span B, this helps to confirm the uptrend and the space between the lines is typically colored green. When Leading Span A is falling and below Leading Span B, this helps confirm the downtrend. The space between the lines is typically colored red in this case.1
Traders will often use the Ichimoku Cloud as an area of support and resistance depending on the relative location of the price. The cloud provides support/resistance levels that can be projected into the future. This sets the Ichimoku Cloud apart from many other technical indicators that only provide support and resistance levels for the current date and time.
Traders should use the Ichimoku Cloud in conjunction with other technical indicators to maximize their risk-adjusted returns. For example, the indicator is often paired with the relative strength index (RSI), which can be used to confirm momentum in a certain direction. It’s also important to look at the bigger trends to see how the smaller trends fit within them. For example, during a very strong downtrend, the price may push into the cloud or slightly above it, temporarily, before falling again. Only focusing on the indicator would mean missing the bigger picture that the price was under strong longer-term selling pressure.
Crossovers are another way that the indicator can be used. Watch for the conversion line to move above the base line, especially when the price is above the cloud. This can be a powerful buy signal. One option is to hold the trade until the conversion line drops back below the base line. Any of the other lines could be used as exit points as well.
Matrix Series and Vix Fix with VWAP CCI and QQE SignalsMatrix Series and Vix Fix with VWAP CCI and QQE Signals
Short Title: Advanced Matrix
Purpose
This Pine Script combines multiple technical analysis tools to create a comprehensive trading indicator. It incorporates elements like support/resistance zones, overbought/oversold conditions, Williams Vix Fix, QQE (Quantitative Qualitative Estimation) signals, VWAP CCI signals, and a 200-period SMA for trend filtering. The goal is to provide actionable buy and sell signals with enhanced visualization.
Key Features and Components
1. Matrix Series
Smoothing Input: Allows customization of EMA smoothing for the indicator (default: 5).
Support/Resistance Zones: Based on CCI (Commodity Channel Index) values.
Dynamic zones calculated with customizable parameters (SupResPeriod, SupResPercentage, PricePeriod).
Candlestick Visualization: Custom candlestick plots with colors indicating trends.
Dynamic levels for overbought/oversold conditions.
2. Overbought/Oversold Signals
Overbought and oversold levels are adjustable (ob and os).
Plots circles on the chart to highlight extreme conditions.
3. Williams Vix Fix
Identifies potential reversal points by analyzing volatility.
Uses Bollinger Bands and percentile thresholds to detect high-probability entries.
Includes two alert levels (alert1 and alert2) with customizable criteria for signal filtering.
4. QQE Signals
Based on the smoothed RSI and QQE methodology.
Detects trend changes using adaptive ATR bands (FastAtrRsiTL).
Plots long and short signals when specific conditions are met.
5. VWAP CCI Signals
Combines VWAP and CCI for additional trade signals.
Detects crossovers and crossunders of CCI levels (-200 and 200) to generate long and short signals.
6. 200 SMA
A 200-period simple moving average is plotted to act as a trend filter.
The script rules recommend buying only when the price is above the SMA200.
Customizable Inputs
General:
Smoothing, support/resistance periods, overbought/oversold levels.
Williams Vix Fix:
Lookback periods, Bollinger Band settings, percentile thresholds.
QQE:
RSI length, smoothing factor, QQE factor, and threshold values.
VWAP CCI:
Length for calculating deviations.
Visual Elements
Dynamic candlestick colors to indicate trend direction.
Overbought/oversold circles for extreme price levels.
Resistance and support lines.
Labels and shapes for buy/sell signals from Vix Fix, QQE, and VWAP CCI.
Alerts
Alerts are configured for the Matrix Series (e.g., "BUY MATRIX") and other components, ensuring traders are notified when significant conditions are met.
Intended Use
This indicator is designed for traders seeking a multi-faceted tool to analyze market trends, identify potential reversal points, and generate actionable trading signals. It combines traditional indicators with advanced techniques for comprehensive market analysis.
Trend Filter (2-pole) [BigBeluga]Trend Filter (2-pole)
The Trend Filter (2-pole) is an advanced trend-following indicator based on a two-pole filter, which smooths out market noise while effectively highlighting trends and their strength. It incorporates color gradients and support/resistance dots to enhance trend visualization and decision-making for traders.
SP500:
🔵What is a Two-Pole Filter?
A two-pole filter is a digital signal processing technique widely used in electronics, control systems, and time series data analysis to smooth data and reduce noise.
//@function Two-pole filter
//@param src (series float) Source data (e.g., price)
//@param length (float) Length of the filter (higher value means smoother output)
//@param damping (float) Damping factor for the filter
//@returns (series float) Filtered value
method two_pole_filter(float src, int length, float damping) =>
// Calculate filter coefficients
float omega = 2.0 * math.pi / length
float alpha = damping * omega
float beta = math.pow(omega, 2)
// Initialize the filter variables
var float f1 = na
var float f2 = na
// Update the filter
f1 := nz(f1 ) + alpha * (src - nz(f1 ))
f2 := nz(f2 ) + beta * (f1 - nz(f2 ))
f2
It operates using two cascaded smoothing stages (poles), allowing for a more refined and responsive output compared to simple moving averages or other basic filters.
Two-pole filters are particularly valued for their ability to maintain smooth transitions while reducing lag, making them ideal for applications where precision and responsiveness are critical.
In trading, this filter helps detect trends by smoothing price data while preserving significant directional changes.
🔵Key Features of the Indicator:
Gradient-Colored Trend Filter Line: The main filter line dynamically changes color based on trend strength and direction:
- Green: Strong uptrend.
- Red: Strong downtrend.
- Yellow: Indicates a transition phase, signaling potential trend shifts.
Support and Resistance Dots with Signals:
- Dots are plotted below the filter line during uptrends and above it during downtrends.
- These dots represent consecutive rising or falling conditions of the filter line, which traders can set in the settings (e.g., the number of consecutive rises or falls required).
- The dots often act as dynamic support or resistance levels, providing valuable guidance during trends.
- Trend Signals:
Customizable Sensitivity: The indicator allows traders to adjust the filter length, damping factor, and the threshold for rising/falling conditions, enabling it to adapt to different trading styles and timeframes.
Bar Color Option: The indicator can optionally color bars to match the gradient of the filter line, enhancing visual clarity of trends directly on the price chart.
🔵How It Works:
The Trend Filter (2-pole) smooths price data using a two-pole filter, which reduces noise and highlights the underlying trend.
The gradient coloring of the filter line helps traders visually assess the strength and direction of trends.
Rising and falling conditions of the filter line are tracked, and dots are plotted when consecutive conditions meet the threshold, acting as potential support or resistance levels during trends.
The yellow transition color signals periods of indecision, helping traders anticipate potential reversals or consolidations.
🔵Use Cases:
Identify and follow strong uptrends and downtrends with gradient-based visual cues.
Use the yellow transition color to anticipate trend shifts or consolidation zones.
Leverage the plotted dots as dynamic support and resistance levels to refine entry and exit strategies.
Combine with other indicators for confirmation of trends and reversals.
This indicator is perfect for traders who want a visually intuitive and highly customizable tool to spot trends, gauge their strength, and make informed trading decisions.
VWAP Fibonacci Bands (Zeiierman)█ Overview
The VWAP Fibonacci Bands is a sophisticated yet user-friendly indicator designed to assist traders in visualizing market trends, volatility, and potential support/resistance levels. Developed by Zeiierman, this tool integrates the MIDAS (Market Interpretation Data Analysis System) methodology with Standard Deviation Bands and user-defined Fibonacci levels to provide a comprehensive market analysis framework.
This indicator is built for traders who want a dynamic and customizable approach to understanding market movements, offering features that adapt to varying market conditions. Whether you're a scalper, swing trader, or long-term investor.
█ How It Works
⚪ Anchor Point System
The indicator begins its calculations based on an anchor point, which can be set to:
A specific date for historical analysis or alignment with significant market events.
A timeframe-based reset, dynamically restarting calculations at the beginning of each selected period (e.g., daily, weekly, or monthly).
This dual-anchor method ensures flexibility, allowing the indicator to align with various trading strategies.
⚪ MIDAS Calculation
The MIDAS calculation is central to this indicator. It uses cumulative price and volume data to compute a volume-weighted average price (VWAP), offering a trendline that reflects the true value weighted by trading activity.
⚪ Standard Deviation Bands
The upper and lower bands are calculated using the standard deviation of price movements around the MIDAS line.
⚪ Fibonacci Levels
User-defined Fibonacci ratios are used to plot additional support and resistance levels between the bands. These levels provide visual cues for potential price reversals or trend continuations.
█ How to Use
⚪ Trend Identification
Uptrend: The price remains above the MIDAS line.
Downtrend: The price stays below the MIDAS line and aligns with the lower bands.
⚪ Support and Resistance
The upper and lower bands act as support and resistance levels.
Fibonacci levels provide intermediate zones for potential price reversals.
⚪ Volatility Analysis
Wider bands indicate periods of high volatility.
Narrower bands suggest low-volatility conditions, often preceding breakouts.
⚪ Overbought/Oversold Conditions
Look for the price beyond the upper or lower bands to identify extreme conditions.
█ Settings
Set Anchor Method
Anchor Method: Choose between Timeframe or Date to define the starting point of calculations.
Anchor Timeframe: For Timeframe mode, specify the interval (e.g., Daily, Weekly).
Anchor Date: For Date mode, set the exact starting date for historical alignment.
Set Std Dev Multiplier
Controls the width of the bands:
Higher values widen the bands, filtering out minor fluctuations.
Lower values tighten the bands for more responsive analysis.
Set Fibonacci Levels
Define custom Fibonacci ratios (e.g., 0.236, 0.382) to plot intermediate levels between the bands.
█ Tips for Fine-Tuning
⚪ For Trend Trading:
Use higher Std Dev Multipliers to focus on long-term trends and avoid noise. Adjust Anchor Timeframe to Weekly or Monthly for broader trend analysis.
⚪ For Reversal Trading:
Tighten the bands with a lower Std Dev Multiplier.
Use shorter anchor timeframes for intraday reversals (e.g., Hourly).
⚪ For Volatile Markets:
Increase the Std Dev Multiplier to accommodate wider price swings.
⚪ For Quiet Markets:
Decrease the Std Dev Multiplier to highlight smaller fluctuations.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Fibonacci Trend [ChartPrime]Fibonacci Trend Indicator
This powerful indicator leverages supertrend analysis to detect market direction while overlaying dynamic Fibonacci levels to highlight potential support, resistance, and optimal trend entry zones. With its straightforward design, it is perfect for traders looking to simplify their workflow and enhance decision-making.
⯁ KEY FEATURES AND HOW TO USE
⯌ Supertrend Trend Identification :
The indicator uses a supertrend algorithm to identify market direction. It displays purple for downtrends and green for uptrends, ensuring quick and clear trend analysis.
⯌ Fibonacci Levels for Current Swings :
Automatically calculates Fibonacci retracement levels (0.236, 0.382, 0.618, 0.786) for the current swing leg.
- These levels act as key zones for potential support, resistance, and trend continuation.
- The high and low swing points are labeled with exact prices, ensuring clarity.
- If the swing range is insufficient (less than five times ATR), Fibonacci levels are not displayed, avoiding irrelevant data.
⯌ Extended Fibonacci Levels :
User-defined extensions project Fibonacci levels into the future, aiding traders in planning price targets or projecting key zones.
⯌ Optimal Trend Entry Zone :
A filled area between 0.618 and 0.786 levels visually highlights the optimal entry zone for trend continuation. This allows traders to refine their entry points during pullbacks.
⯌ Diagonal Trend Line :
A dashed diagonal line connects the swing high and low, visually confirming the range and trend strength of the current swing.
⯌ Visual Labels for Fibonacci Levels :
Each Fibonacci level is marked with a label displaying its value for quick reference.
⯁ HOW TRADERS CAN POTENTIALLY USE THIS TOOL
Fibonacci Retracements:
Use the Fibonacci retracement levels to find key support or resistance zones where the price may pull back before continuing its trend.
Example: Enter long trades when the price retraces to 0.618–0.786 levels in an uptrend.
Fibonacci Extensions:
Use Fibonacci extensions to project future price targets based on the current trend's swing leg. Levels like 127.2% and 161.8% are commonly used as profit-taking zones.
Reversal Identification:
Spot potential reversals by monitoring price reactions at key Fibonacci retracement levels (e.g., 0.236 or 0.382) or the swing high/low.
Optimal Trend Entries:
The filled zone between 0.618 and 0.786 is a statistically strong area for entering a position in the direction of the trend.
Example: Enter long positions during retracements to this range in an uptrend.
Risk Management:
Set stop-losses below key Fibonacci levels or the swing low/high, and take profits at extension levels, enhancing your trade management strategies.
⯁ CONCLUSION
The Fibonacci Trend Indicator is a straightforward yet effective tool for identifying trends and key Fibonacci levels. It simplifies analysis by integrating supertrend-based trend identification with Fibonacci retracements, extensions, and optimal entry zones. Whether you're a beginner or experienced trader, this indicator is an essential addition to your toolkit for trend trading, reversal spotting, and risk management.
OCM Quarter Point Autopilot - A Multi-Timeframe Quarter TheoryDescription:
The OCM Quarter Point Autopilot indicator automates the application of Quarters Theory across multiple timeframes and instruments. It creates a comprehensive grid of support and resistance levels based on two user-defined price points (Monthly QTPs).
Key Features:
- Automatically calculates and displays quarter points across 5 timeframes:
• Monthly (Black lines)
• Weekly (Blue lines)
• Daily (Green lines)
• 4-Hour (Red lines)
• 1-Hour (Purple lines)
- Shows both upper and lower ranges, which can be toggled on/off
- Visual hierarchy through color-coding for easy timeframe identification
- Extends lines 2 years into the past and 6 months into the future
Usage:
1. Enter two Monthly Quarter Trading Points (QTPs)
2. The indicator automatically:
- Calculates midpoints (weekly)
- Quarter points (daily)
- Eighth points (4-hour)
- Further subdivisions (1-hour)
Benefits:
- Identifies potential support/resistance levels
- Helps spot key price targets
- Works on any instrument where psychological levels matter
- Provides multiple timeframe analysis in one view
Best suited for traders who:
- Follow multi-timeframe analysis
- Trade using support/resistance levels
- Want to identify potential price targets
- Need structured price levels for entries/exits
The indicator combines the systematic approach of Quarters Theory with automated calculation and visualization, making it easier to identify key price levels across multiple timeframes.
Fractal levels Gold [AstroHub]This indicator detects key fractal points on a price chart and visually marks them with shapes and levels. It helps traders identify potential reversal zones and dynamic support/resistance levels, enhancing market analysis.
Key Features:
Fractal Detection:
The indicator identifies top and bottom fractals using a 5-bar pattern.
A top fractal forms when the middle bar has a higher high compared to the two bars on either side.
A bottom fractal forms when the middle bar has a lower low compared to the two bars on either side.
Fractal Filtering:
The indicator can filter out "pristine" fractals (uninterrupted fractal patterns) based on custom conditions, making it more selective and reducing false signals.
Fractal Plotting:
are plotted as downward triangles.
are plotted as upward triangles.
Users can choose to display or hide fractal points and their corresponding labels.
Fractal Levels:
The indicator automatically plots fractals' levels on the chart, marking potential resistance and support zones.
Fractal levels change dynamically as new fractals are identified.
Customizable Display Options:
Show or hide fractals and levels with adjustable settings.
Choose whether to apply filtering for pristine fractals.
Display the pivot labels to easily track fractal positions.
How It Works:
The indicator uses a simple approach to recognize top and bottom fractals . When a valid fractal is detected, it highlights it on the chart and plots the corresponding price level.
By default, top fractals are shown above the bars (red color), and bottom fractals are shown below the bars (green color).
Fractal levels represent potential reversal points and can act as dynamic support and resistance zones.
Best Use:
The indicator is particularly useful in identifying reversal points and trend changes, helping traders to spot key price levels.
It can be used across various timeframes and markets, particularly for trend-following or reversal strategies.
Customizable Settings:
Show Pivots: Toggle the display of pivot points.
Show Pivot Labels: Display labels for pivot levels.
Show Fractals: Toggle fractal points on the chart.
Show Fractal Levels: Show or hide the levels corresponding to the detected fractals.
Filter for Pristine Fractals: Enable this option to filter out non-pristine fractals for higher accuracy.
Conclusion:
This indicator provides clear, actionable fractal signals, helping traders easily identify critical levels for entry and exit. With customizable settings and visual cues, it's suitable for both novice and expe
WhalenatorThis custom TradingView indicator combines multiple analytic techniques to help identify potential market trends, areas of support and resistance, and zones of heightened trading activity. It incorporates a SuperTrend-like line based on ATR, Keltner Channels for volatility-based price envelopes, and dynamic order blocks derived from significant volume and pivot points. Additionally, it highlights “whale” activities—periods of exceptionally large volume—along with an estimated volume profile level and approximate bid/ask volume distribution. Together, these features aim to offer traders a more comprehensive view of price structure, volatility, and institutional participation.
This custom TradingView indicator integrates multiple trading concepts into a single, visually descriptive tool. Its primary goal is to help traders identify directional bias, volatility levels, significant volume events, and potential support/resistance zones on a price chart. Below are the main components and their functionalities:
SuperTrend-Like Line (Trend Bias):
At the core of the indicator is a trend-following line inspired by the SuperTrend concept, which uses Average True Range (ATR) to adaptively set trailing stop levels. By comparing price to these levels, the line attempts to indicate when the market is in an uptrend (price above the line) or a downtrend (price below the line). The shifting levels can provide a dynamic sense of direction and help traders stay with the predominant trend until it shifts.
Keltner Channels (Volatility and Range):
Keltner Channels, based on an exponential moving average and Average True Range, form volatility-based envelopes around price. They help traders visualize whether price is extended (touching or moving outside the upper/lower band) or trading within a stable range. This can be useful in identifying low-volatility consolidations and high-volatility breakouts.
Dynamic Order Blocks (Approximations of Supply/Demand Zones):
By detecting pivot highs and lows under conditions of significant volume, the indicator approximates "order blocks." Order blocks are areas where institutional buying or selling may have occurred, potentially acting as future support or resistance zones. Although these approximations are not perfect, they offer a visual cue to areas on the chart where price might react strongly if revisited.
Volume Profile Proxy and Whale Detection:
The indicator highlights price levels associated with recent maximum volume activity, providing a rough "volume profile" reference. Such levels often become key points of price interaction.
"Whale" detection logic attempts to identify bars where exceptionally large volume occurs (beyond a defined threshold). By tracking these "whale bars," traders can infer where heavy participation—often from large traders or institutions—may influence market direction or create zones of interest.
Approximate Bid/Ask Volume and Dollar Volume Tracking:
The script estimates whether volume within each bar leans more towards the bid or the ask side, aiming to understand which participant (buyers or sellers) might have been more aggressive. Additionally, it calculates dollar volume (close price multiplied by volume) and provides an average to gauge the relative participation strength over time.
Labeling and Visual Aids:
Dynamic labels display Whale Frequency (the ratio of bars with exceptionally large volume), average dollar volume, and approximate ask/bid volume metrics. This gives traders at-a-glance insights into current market conditions, participation, and sentiment.
Strengths:
Multifaceted Analysis:
By combining trend, volatility, volume, and order block logic in one place, the indicator saves chart space and simplifies the analytical process. Traders gain a holistic view without flipping between multiple separate tools.
Adaptable to Market Conditions:
The use of ATR and Keltner Channels adapts to changing volatility conditions. The SuperTrend-like line helps keep traders aligned with the prevailing trend, avoiding constant whipsaws in choppy markets.
Volume-Based Insights:
Integrating whale detection and a crude volume profile proxy helps traders understand where large players might be interacting. This perspective can highlight critical levels that might not be evident from price action alone.
Convenient Visual Cues and Labels:
The indicator provides quick reference points and textual information about the underlying volume dynamics, making decision-making potentially faster and more informed.
Weaknesses:
Heuristic and Approximate Nature:
Many of the indicator’s features, like the "order blocks," "whale detection," and the approximate bid/ask volume, rely on heuristics and assumptions that may not always be accurate. Without actual Level II data or true volume profiles, the insights are best considered as supplementary, not definitive signals.
Lagging Components:
Indicators that rely on past data, like ATR-based trends or moving averages for Keltner Channels, inherently lag behind price. This can cause delayed signals, particularly in fast-moving markets, potentially missing some early opportunities or late in confirming market reversals.
No Guaranteed Predictive Power:
As with any technical tool, it does not forecast the future with certainty. Strong volume at a certain level or a bullish SuperTrend reading does not guarantee price will continue in that direction. Market conditions can change unexpectedly, and false signals will occur.
Complexity and Overreliance Risk:
With multiple signals combined, there’s a risk of information overload. Traders might feel compelled to rely too heavily on this one tool. Without complementary analysis (fundamentals, news, or additional technical confirmation), overreliance on the indicator could lead to misguided trades.
Conclusion:
This integrated indicator offers a comprehensive visual guide to market structure, volatility, and activity. Its strength lies in providing a multi-dimensional viewpoint in a single tool. However, traders should remain aware of its approximations, inherent lags, and the potential for conflicting signals. Sound risk management, position sizing, and the use of complementary analysis methods remain essential for trading success.
Risks Associated with Trading:
No indicator can guarantee profitable trades or accurately predict future price movements. Market conditions are inherently unpredictable, and reliance on any single tool or combination of tools carries the risk of financial loss. Traders should practice sound risk management, including the use of stop losses and position sizing, and should not trade with funds they cannot afford to lose. Ultimately, decisions should be guided by a thorough trading plan and possibly supplemented with other forms of market analysis or professional advice.
Risks and Important Considerations:
• Not a Standalone Tool:
• This indicator should not be used in isolation. It is essential to incorporate additional technical analysis tools, fundamental analysis, and market context when making trading decisions.
• Relying solely on this indicator may lead to incomplete assessments of market conditions.
• Market Volatility and False Signals:
• Financial markets can be highly volatile, and indicators based on historical data may not accurately predict future movements.
• The indicator may produce false signals due to sudden market changes, low liquidity, or atypical trading activity.
• Risk Management:
• Always employ robust risk management strategies, including setting stop-loss orders, diversifying your portfolio, and not over-leveraging positions.
• Understand that no indicator guarantees success, and losses are a natural part of trading.
• Emotional Discipline:
• Avoid making impulsive decisions based on indicator signals alone.
• Emotional trading can lead to significant financial losses; maintain discipline and adhere to a well-thought-out trading plan.
• Continuous Learning and Adaptation:
• Stay informed about market news, economic indicators, and global events that may impact trading conditions.
• Continuously evaluate and adjust your trading strategies as market dynamics evolve.
• Consultation with Professionals:
• Consider seeking advice from financial advisors or professional traders to understand better how this indicator can fit into your overall trading strategy.
• Professional guidance can provide personalized insights based on your financial goals and risk tolerance.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
Zigzag3 -Invincible3Description:
Zigzag3 - Invincible3 is a powerful and flexible support and resistance indicator for TradingView. Utilizing an enhanced ZigZag algorithm and Dow Theory principles, it detects price pivots, higher highs (HH), lower highs (LH), higher lows (HL), and lower lows (LL). The indicator draws lines and labels to visualize these pivots, making it easier to identify market structure, trends, and potential reversal points.
The Length input allows traders to control the sensitivity of pivot detection.
Support and Resistance Lines:
Displays dotted and solid SR lines based on significant pivots to highlight key market zones.
Option to extend support/resistance lines dynamically with real-time progression for the latest pivot.
Labels for Dow Theory Points:
Mark higher highs, lower highs, higher lows, and lower lows with customizable colors.
Identifies market direction and potential breakout levels with visual clarity.
ZigZag Line Visualization:
Toggle the ZigZag lines to connect pivots for a better understanding of price movement.
Dynamic Dotted Line Progression:
A dotted line extends in real-time from the most recent significant pivot point, aiding in quick analysis.
This indicator is ideal for traders looking to analyze market structure, identify trends, and spot potential reversals. It can be used as a standalone tool or in combination with other strategies for enhanced precision.
OA S/R PowerPurpose of the Script
This script identifies the strength of support and resistance levels based on key factors like volume, bounce frequency, and retests. Each level is assigned a score (0-100) and visualized with color-coded labels on the chart.
Key Features
Dynamic Strength Calculation:
Volume Strength: Measures the strength based on the volume of candles touching the level.
Bounce Strength: Evaluates how often the price bounces back from the level.
Retest Strength: Scores the consistency of retests over time.
Color-Coded Visualization:
Yellow: Strong levels (Strength ≥ 70).
Orange: Medium levels (Strength between 50-70).
Red: Resistance levels (Price is below the level).
Green: Support levels (Price is above the level).
Fully Customizable Settings:
Adjust the weight for volume, bounce, and retest contributions.
Configure timeframes, percentage range, and number of levels to analyze.
How It Works
Identify Peaks and Valleys: The script calculates local highs and lows using a configurable width setting to determine potential support and resistance levels.
Filter Key Levels: Nearby levels are merged based on a user-defined percentage range, ensuring clean and relevant levels.
Strength Scoring: Levels are scored dynamically based on:
The number of touches.
The volume of touches.
The frequency of bounces and retests.
Visual Feedback: Each level is plotted on the chart with a color-coded label, indicating its importance and price relationship.
Best Use Cases
Quickly identify strong support/resistance zones for breakout or reversal trades.
Use the dynamic scoring system to prioritize key levels for your strategy.
Customize weights to align with your trading style, such as emphasizing volume or retests.
Globex time (New York Time)This indicator is designed to highlight and analyze price movements within the Globex session. Primarily geared toward the Globex Trap trading strategy, this tool visually identifies the session's high and low prices, allowing traders to better assess price action during extended hours. Here’s a comprehensive breakdown of its features and functionality:
Purpose
The "Globex Time (New York Time)" indicator tracks price levels during the Globex trading session, providing a clear view of overnight market activity. This session, typically running from 6 p.m. ET (18:00) until the following morning at 8:30 a.m. ET, is a critical period where significant market positioning can occur before the regular session opens. In the Globex Trap strategy, the session high and low are essential levels, as price movements around these areas often indicate potential support, resistance, or reversal zones, which traders use to set up entries or exits when the regular trading session begins.
Key Features
Customizable Session Start and End Times
The indicator allows users to specify the exact start and end times of the Globex session in New York time. The default settings are:
Start: 6 p.m. ET (18:00)
End: 8:30 a.m. ET
These settings can be adjusted to align with specific market hours or personal preferences.
Session High and Low Identification
Throughout the defined session, the indicator dynamically calculates and tracks:
Session High: The highest price reached within the session.
Session Low: The lowest price reached within the session.
These levels are essential for the Globex Trap strategy, as price action around them can indicate likely breakout or reversal points when regular trading resumes.
Vertical Lines for Session Start and End
The indicator draws vertical lines at both the session start and end times:
Session Start Line: A solid line marking the exact beginning of the Globex session.
Session End Line: A similar vertical line marking the session’s conclusion.
Both lines are customizable in terms of color and thickness, making it easy to distinguish the session boundaries visually on the chart.
Horizontal Lines for Session High and Low
At the end of the session, the indicator plots horizontal lines representing the Globex session's high and low levels. Users can customize these lines:
Color: Define specific colors for the session high (default: red) and session low (default: green) to easily differentiate them.
Line Style: Options to set the line style (solid, dashed, or dotted) provide flexibility for visual preferences and chart organization.
Automatic Reset for Daily Tracking
To adapt to the next trading day, the indicator resets the session high and low data once the current session ends. This reset prepares it to start tracking new levels at the beginning of the next session without manual intervention.
Practical Application in the Globex Trap Strategy
In the Globex Trap strategy, traders are primarily interested in price behavior around the high and low levels established during the overnight session. Common applications of this indicator for this strategy include:
Breakout Trades: Watching for price to break above the Globex high or below the Globex low, indicating potential momentum in the breakout direction.
Reversal Trades: Monitoring for failed breakouts or traps where price tests and rejects the Globex high or low, suggesting a reversal as liquidity is trapped in these zones.
Support and Resistance Zones: Using the session high and low as key support and resistance levels during the regular trading session, with potential entry or exit points when price approaches these areas.
Additional Configuration Options
Vertical Line Color and Width: Define the color and thickness of the vertical session start and end lines to match your chart’s theme.
Upper and Lower Line Colors and Styles: Customize the appearance of the session high and low horizontal lines by setting color and line style (solid, dashed, or dotted), making it easy to distinguish these critical levels from other chart markings.
Summary
This indicator is a valuable tool for traders implementing the Globex Trap strategy. It visually segments the Globex session and marks essential price levels, helping traders analyze market behavior overnight. Through its customizable options and clear visual representation, it simplifies tracking overnight price activity and identifying strategic levels for potential trade setups during the regular session.
Ultimate Multi Indicator - by SachaThe Ultimate Multi Indicator: The Ultimate Guide To Profit
This custom indicator, the Ultimate Multi Indicator , integrates multiple trading indicators to have powerful buy and sell signals. I combined MACD, EMA, RSI, Bollinger Bands, Volume Profile, and Ichimoku Cloud indicators to help traders analyze both short-term and long-term price movements.
Key Components and How to Use Them
- MACD (Moving Average Convergence Divergence):
- Use for trend direction and potentiality of reversals.
- The blue line (MACD Line) crossing above the orange line (Signal Line) indicates a bullish reversal; the opposite signals a bearish reversal.
- Watch for crossovers to confirm the direction of smaller price movements.
- 200 EMA (Long) (Exponential Moving Average):
- Use to indicate a long-term trend direction.
- If the price is above the 200 EMA, the market is in an uptrend; below it suggests a downtrend.
- The chart’s background color shifts subtly green (uptrend) or red (downtrend) depending on the EMA's relative position.
- RSI (Relative Strength Index):
- Tracks momentum and overbought/oversold levels.
- RSI over 70 signifies overbought conditions; under 30 indicates oversold.
- Look for RSI turning points around these levels to identify potential reversals.
- Bollinger Bands :
- The price touching or crossing the upper Bollinger Band may mean overbought conditions are filled, while a touch at the lower band indicates oversold.
- Bollinger Band interactions often align with key reversal points, especially when combined with other signals.
- Volume Profile :
- A yellow VP line on the chart represents significant trading volume occurred.
- This line can be used as both a support and resistance level, and especially during consolidations or trend changes.
- Ichimoku Cloud :
- Identifies support/resistance levels and trend direction.
- Green and red cloud regions visually show if the price is above (bullish) or below (bearish) key levels.
- Price above the cloud (green) confirms a bullish market, while below (red) signals bearish.
Signal Conditions and Visualization
- Buy Signals :
- This is triggered right away when MACD crosses up, RSI is oversold, or price touches the lower Bollinger Band, provided price is above both the Ichimoku Cloud and the 200 EMA.
- A green “BUY” label appears below the bar, suggesting a potential entry.
- Sell Signals :
- This signal is generated when MACD crosses down, RSI is overbought, or price touches the upper Bollinger Band, and price is below the Ichimoku Cloud and the 200 EMA.
- A red “SELL” label is shown above the bar, indicating a potential exit.
Tips & Tricks
- Confirm Signals : Use multiple signals to confirm entries and exits. For example, if both the MACD and RSI align with the Ichimoku Cloud direction, the trade setup is stronger.
- Trend Directions : Only take buy signals if the price is above the 200 EMA, and sell signals if it is below, aligning trades with the overall trend.
- Adjust for Volatility : In high-volatility markets, especially in the crypto markets, pay close attention to the Bollinger Bands for breakout potential.
- Ichimoku as a Trend Guide : Use the Ichimoku Cloud as a guide for long-term support and resistance levels, especially for swing trades.
This multi-layered indicator gives a balanced blend of short-term signals and long-term trend insights, making it a versatile tool for day trading, swing trading, or even longer-term analysis.
Remember that indicators that will make you rich instantly don't exist. To expect minimum profit from them, you shouldn't trade all you have at the same time but only trade with the money you can afford to lose.
After that being said, I wish you traders luck with the Ultimate Multi Indicator!
Linear Regression Channel UltimateKey Features and Benefits
Logarithmic scale option for improved analysis of long-term trends and volatile markets
Activity-based profiling using either touch count or volume data
Customizable channel width and number of profile fills
Adjustable number of most active levels displayed
Highly configurable visual settings for optimal chart readability
Why Logarithmic Scale Matters
The logarithmic scale option is a game-changer for analyzing assets with exponential growth or high volatility. Unlike linear scales, log scales represent percentage changes consistently across the price range. This allows for:
Better visualization of long-term trends
More accurate comparison of price movements across different price levels
Improved analysis of volatile assets or markets experiencing rapid growth
How It Works
The indicator calculates a linear regression line based on the specified period
Upper and lower channel lines are drawn at a customizable distance from the regression line
The space between the channel lines is divided into a user-defined number of levels
For each level, the indicator tracks either:
- The number of times price touches the level (touch count method)
- The total volume traded when price is at the level (volume method)
The most active levels are highlighted based on this activity data
Understanding Touch Count vs Volume
Touch count method: Useful for identifying key support/resistance levels based on price action alone
Volume method: Provides insight into levels where the most trading activity occurs, potentially indicating stronger support/resistance
Practical Applications
Trend identification and strength assessment
Support and resistance level discovery
Entry and exit point optimization
Volume profile analysis for improved market structure understanding
This Linear Regression Channel indicator combines powerful statistical analysis with flexible visualization options, making it an invaluable tool for traders and analysts across various timeframes and markets. Its unique features, especially the logarithmic scale and activity profiling, provide deeper insights into market behavior and potential turning points.
Alpine Predictive BandsAlpine Predictive Bands - ADX & Trend Projection is an advanced indicator crafted to estimate potential price zones and trend strength by integrating dynamic support/resistance bands, ADX-based confidence scoring, and linear regression-based price projections. Designed for adaptive trend analysis, this tool combines multi-timeframe ADX insights, volume metrics, and trend alignment for improved confidence in trend direction and reliability.
Key Calculations and Components:
Linear Regression for Price Projection:
Purpose: Provides a trend-based projection line to illustrate potential price direction.
Calculation: The Linear Regression Centerline (LRC) is calculated over a user-defined lookbackPeriod. The slope, representing the rate of price movement, is extended forward using predictionLength. This projected path only appears when the confidence score is 70% or higher, revealing a white dotted line to highlight high-confidence trends.
Adaptive Prediction Bands:
Purpose: ATR-based bands offer dynamic support/resistance zones by adjusting to volatility.
Calculation: Bands are calculated using the Average True Range (ATR) over the lookbackPeriod, multiplied by a volatilityMultiplier to adjust the width. These shaded bands expand during higher volatility, guiding traders in identifying flexible support/resistance zones.
Confidence Score (ADX, Volume, and Trend Alignment):
Purpose: Reflects the reliability of trend projections by combining ADX, volume status, and EMA alignment across multiple timeframes.
ADX Component: ADX values from the current timeframe and two higher timeframes assess trend strength on a broader scale. Strong ADX readings across timeframes boost the confidence score.
Volume Component: Volume strength is marked as “High” or “Low” based on a moving average, signaling trend participation.
Trend Alignment: EMA alignment across timeframes indicates “Bullish” or “Bearish” trends, confirming overall trend direction.
Calculation: ADX, volume, and trend alignment integrate to produce a confidence score from 0% to 100%. When the score exceeds 70%, the white projection line is activated, underscoring high-confidence trend continuations.
User Guide
Projection Line: The white dotted line, which appears only when the confidence score is 70% or higher, highlights a high-confidence trend.
Prediction Bands: Adaptive bands provide potential support/resistance zones, expanding with market volatility to help traders visualize price ranges.
Confidence Score: A high score indicates a stronger, more reliable trend and can support trend-following strategies.
Settings
Prediction Length: Determines the forward length of the projection.
Lookback Period: Sets the data range for calculating regression and ATR.
Volatility Multiplier: Adjusts the width of bands to match volatility levels.
Disclaimer: This indicator is for educational purposes and does not guarantee future price outcomes. Additional analysis is recommended, as trading carries inherent risks.
Rounded Grid Levels🟩 Rounded Grid Levels is a visual tool that helps traders quickly identify key psychological price levels on any chart. By dynamically adapting to the user's visible screen area, it provides consistent, easy-to-read round number grids that align with price action. The indicator offers a traditional visualization of horizontal round level grids, along with enhanced options such as tilted grids that align with market sentiment, and fan-shaped grids for alternative price interaction views. It serves purely as a visual aid, providing an adaptable way to observe rounded price levels without making predictions or generating trading signals.
⚡ OVERVIEW ⚡
The Rounded Grid Levels indicator is a visual tool designed to help traders identify and track price levels that may hold psychological significance, such as round numbers or significant milestones. These levels often serve as potential areas for price reactions, including support, resistance, or points of market interest. The indicator's gridlines are determined by user-defined settings and adjust dynamically based on the visible chart area, meaning they are influenced by the user's current zoom level and perspective. This behavior is similar to TradingView's built-in grid lines found in the chart settings canvas, which also adjust in real-time based on the visible screen, ensuring the most relevant price levels are displayed. By default, the indicator provides consistent gridlines to represent traditional round number levels, offering a straightforward view of key psychological areas. Additionally, users have access to experimental and novel configurations, such as fan-shaped layouts, which expand from a central point and adapt directionally based on user settings. This configuration can provide an alternate perspective for traders, especially useful in analyzing broader market moves and visualizing expansion relative to the current price.
Users can display the gridlines in a variety of configurations, including horizontal, neutral, auto, or fan-shaped layouts, depending on their preferred method of analysis. This flexibility allows traders to focus on different types of price action without overcrowding the visual representation of price movements.
This indicator is intended purely as a visual aid for understanding how price interacts with rounded levels over time. It does not generate predictive trading signals or recommendations but rather provides traders with a customizable framework to enhance their market analysis.
⭕ ROUND NUMBERS IN MARKET PSYCHOLOGY ⭕
Round numbers hold a significant place in financial markets, largely due to the psychological tendencies of traders and investors. These levels often represent areas of interest where human behavior, market biases, and trading strategies converge. Whether it's prices ending in 000, 500, or other recognizable values, these levels naturally attract more attention and influence decision-making.
Round numbers can act as key support or resistance levels and often become focal points in market activity. They are frequently highlighted by financial media, embedded in products like options, and serve as foundations for various trading theories. Their impact extends across different market participants and strategies, making them important focal points in both short-term and long-term market analysis.
Round numbers play an important role in guiding trader behavior and market activity. To better understand why these levels are so impactful, there are several key factors that highlight their significance in trading and price dynamics:
Psychological Impact : Humans naturally gravitate toward round numbers, such as prices ending in 000, 500, or 00. These levels tend to draw attention as traders perceive them as psychologically significant. This behavior is rooted in the cognitive bias known as "left-digit bias," where people assign greater importance to rounded, more recognizable numbers. In trading, this means that prices at these levels are more memorable and thus more likely to attract attention, creating an area where traders focus their buying or selling decisions.
Order Clustering : Traders often place buy and sell orders around these rounded levels, either manually or automatically through stop and limit orders. This clustering leads to the formation of visible support or resistance zones, as the concentrated orders tend to influence price behavior around these key levels. Market participants tend to converge their orders around these price points because of their perceived psychological importance, creating a liquidity pocket. As a result, these areas often act as barriers that the price either struggles to cross or uses as springboards for further movement.
External Influences : Financial media frequently highlights round-number milestones, amplifying market sentiment and drawing traders' attention to these levels. Additionally, algorithmic trading systems often react to round-number thresholds, which can further reinforce price movements, creating self-reinforcing reactions at these levels. As media and analysts emphasize these milestones, more traders pay attention to them, leading to increased volume and often heightened volatility at those points. This self-reinforcing cycle makes round numbers an area where price movement can either accelerate due to a breakout or stall because of clustering interest.
Option Strike Prices : Options contracts typically have strike prices set at round numbers, and as expiration approaches, these levels can influence the price of the underlying asset due to concentrated trading activity. The behavior around these levels, often called "pinning," happens because traders adjust their positions to avoid unfavorable scenarios at these key strikes. This activity tends to concentrate price movement toward these levels as traders hedge their positions, leading to increased liquidity and the potential for abrupt price reactions near option expiration dates.
Whole Number Theory : This theory suggests that whole numbers act as natural psychological barriers, where traders tend to make decisions, place orders, or expect price reactions, making these levels crucial for analysis. Whole numbers are simple to remember and are often used as informal targets for profit-taking or stop placement. This behavior leads to a natural ebb and flow around these levels, where the market finds equilibrium temporarily before deciding on a future direction. Whole numbers tend to work like magnets, drawing price to them and often creating reactions that are visible across different timeframes.
Quarters Theory : Commonly used in Forex markets, this theory focuses on quarter-point increments (e.g., 1.0000, 1.2500, 1.5000) as key levels where price often pauses or reverses. These quarter levels are treated as important psychological barriers, with price frequently interacting at these intervals. Traders use these points to gauge market strength or weakness because quarter levels divide larger round-number ranges into more manageable and meaningful segments. For example, in highly traded forex pairs like EUR/USD, traders might treat 1.2500 as a significant barrier because it represents a halfway point between 1.0000 and 1.5000, offering a balanced reference point for decision-making.
Big Round Numbers : Major round numbers, such as 100, 500, or 1000, often attract significant attention and serve as psychological thresholds. Traders anticipate strong reactions when prices approach or cross these levels. This is often because large round numbers symbolize major milestones, and price behavior around them tends to signal important market sentiment shifts. When price crosses a major level, such as a stock moving above $100 or Bitcoin crossing $50,000, it often creates a surge in trading activity as it is viewed as a validation or invalidation of market trends, drawing in momentum traders and triggering both retail and institutional responses.
By visualizing these round levels on the chart, the Rounded Grid Levels indicator helps traders identify areas where price may pause, reverse, or gain momentum. While round numbers provide useful insights, they should be used in conjunction with other technical analysis tools for a comprehensive trading strategy.
🛠️ CONFIGURATION AND SETTINGS 🛠️
The Rounded Grid Levels indicator offers a variety of configurable settings to tailor the visualization according to individual trader preferences. Below are the key settings available for customization:
Custom Settings
Rounding Step : The Rounding Step parameter sets the minimum interval between gridlines. This value determines how closely spaced the rounded levels are on the chart. For example, if the Rounding Step is set to 100, gridlines will be displayed at every 100 points (e.g., $100, $200, $300) relative to the current price level. The Rounding Step is scaled to the chart's visible area, meaning users should adjust it appropriately for different assets to ensure effective visualization. Lower values provide a more granular view, while larger values give a broader, higher-level perspective.
Major Grids : Defines the interval at which major gridlines will appear compared to minor ones. For example, if the Rounding Step is 100 and Major Grids is set to 10, major gridlines will be displayed every $1,000, while minor gridlines will be at every $100. This distinction allows traders to better visualize key psychological levels by emphasizing significant price intervals.
Direction : Users can select the gridline direction, choosing between options such as 'Up', 'Down', 'Auto', or 'Neutral'. This setting controls how the gridlines extend relative to the current price level, which can help in analyzing directional trends.
Neutral Direction : This option provides balanced gridlines both above and below the current price, allowing traders to visualize support and resistance levels symmetrically. This is useful for analyzing sideways or ranging markets without directional bias.
Up Direction : The gridlines are tilted upwards, starting from visible lows and extending toward the rounded level at the current price. By choosing Up , traders emphasize an upward sentiment, visualizing price action that aligns with rising trends. This option helps illustrate potential areas where pullbacks may occur, as well as how price might expand upwards in the current market context.
Down Direction : The gridlines are tilted downwards, starting from visible highs and extending toward the rounded level at the current price. Selecting Down allows traders to emphasize a downward sentiment, visualizing how price may expand downwards, which is particularly useful when analyzing downtrends or potential correction levels. The gridlines provide an illustrative view of how price interacts with lower levels during market declines.
Auto Direction : The gridlines automatically adjust their direction based on recent market trends. This adaptive option allows traders to visualize gridlines that dynamically change according to price action, making it suitable for evolving market conditions where the direction is uncertain. It’s useful for traders looking for an indicator that moves in sync with market shifts and doesn’t require manual adjustment.
Grid Type : Allows users to choose between 'Linear' or 'Fan' grid types. The Linear type creates evenly spaced gridlines that can be either horizontal or tilted, depending on the chosen direction setting, providing a straightforward view of price levels. The Fan type radiates lines from a central point, offering a more dynamic perspective for analyzing price expansions relative to the current price. These grid types introduce experimental visualizations influenced by chart properties, including visible highs, lows, and the current price. Regardless of the configuration, the gridlines will always end at the current bar, which represents a rounded price level, ensuring consistency in how key price areas are displayed.
Extend : This setting allows gridlines to be projected into the future, helping traders see potential levels beyond the current bar. When enabled, the behavior of the extended lines varies based on the selected grid type and direction. For Neutral and Horizontal Linear settings, the extended gridlines maintain their round-number alignment indefinitely. However, for Up , Down , or Auto directions, the angle of the extended gridlines can change dynamically based on the chart’s visible high and low or the latest price action. As a result, extended lines may not continue to align with round-number levels beyond the current bar, reflecting instead the current trend and sentiment of the market. Regardless of direction, extended gridlines remain consistently spaced and either parallel or evenly distributed, ensuring a structured visual representation.
Color Settings : Users can customize the colors for resistance, support, and minor gridlines at the current price. This helps in visually distinguishing between different grid types and their significance on the chart.
Color Options
These configuration options make the Rounded Grid Levels indicator a versatile tool for traders looking to customize their charts based on their personal trading strategies and analytical preferences.
🖼️ CHART EXAMPLES 🖼️
The following chart examples illustrate different configurations available in the Rounded Grid Levels indicator. These examples show how variations in grid type, direction, and rounding step settings impact the visualization of price levels. Traders may find that smaller rounding steps are more effective on lower time frames, where precision is key, whereas larger rounding steps help to reduce clutter and highlight key levels on higher time frames. Each image includes a caption to explain the specific configuration used, helping users better understand how to apply these settings in different market conditions.
Smaller Rounding Step (100) : With a smaller rounding step, the gridlines are spaced closely together. This setting is particularly useful for lower time frames where price action is more granular and finer details are needed. It allows traders to track price interactions at narrower levels, but on higher time frames, it may lead to clutter and exceed Pine Script's 500-line limit.
Larger Rounding Step (1000) : With a larger rounding step, the gridlines are spaced farther apart. This visualization is better suited for higher time frames or broader market overviews, allowing users to focus on major psychological levels without overloading the chart. On lower time frames, this may result in fewer actionable levels, but it helps in maintaining clarity and staying within Pine Script's line limit.
Linear Grid Type, Neutral Direction (Traditional Rounded Price Levels) : The Linear gridlines are displayed in a neutral fashion, representing traditional round-number levels with consistent spacing above and below the current price. This layout helps visualize key psychological price levels over time in a straightforward manner.
Linear Grid Type, Down Direction : The Linear gridlines are tilted downwards, remaining parallel and ending at the rounded level at the current price. This setup emphasizes downward market sentiment, allowing traders to visualize price expansion towards lower levels, which is useful when analyzing downtrends or potential correction levels.
Linear Grid Type, Down Direction : The Linear gridlines are tilted downwards, extending from the current price to lower levels. Useful for observing downtrending price movements and visualizing pullback areas during uptrends.
Linear Grid Type, Auto Direction : The Linear gridlines adjust dynamically, tilting either upwards or downwards to align with recent price trends, remaining parallel and ending at the rounded level at the current price. This configuration reflects the current market sentiment and offers traders a flexible way to observe price dynamics as they develop in real time.
Fan Grid Type, Neutral Direction : The fan-shaped gridlines radiate symmetrically from a central point, ending at the rounded level at the current price. This configuration provides an unbiased view of price action, giving traders a balanced visualization of rounded levels without directional influence.
Fan Grid Type, Up Direction : The fan-shaped gridlines originate from lower visible price points and radiate upwards, ending at the rounded level at the current price. This layout helps visualize potential price expansion to higher levels, offering insights into upward momentum while maintaining a dynamic and evolving perspective on market conditions.
Fan Grid Type, Down Direction : The fan-shaped gridlines originate from higher visible price points and radiate downwards, ending at the rounded level at the current price. This setup is particularly useful for observing potential price expansion towards lower levels, illustrating areas where the price might extend during a downtrend.
Fan Grid Type, Auto Direction : The fan-shaped gridlines dynamically adjust, originating from visible chart points based on the current market trend, and radiate outward, ending at the rounded level at the current price. This adaptive visualization offers a continuously evolving representation that aligns with changing market sentiment, helping traders assess price expansion dynamically.
📊 SUMMARY 📊
The Rounded Grid Levels indicator helps traders highlight important round-number price levels on their charts, providing a dynamic way to visualize these psychological areas. With customizable gridline options—including traditional, tilted, and fan-shaped styles—users can adapt the indicator to suit their analysis needs. The gridlines adjust with chart zoom or scale, offering a flexible tool for observing price action, without providing specific trading signals or predictions.
⚙️ COMPATIBILITY AND LIMITATIONS ⚙️
Asset Compatibility :
The Rounded Grid Levels indicator is compatible with all asset classes, including cryptocurrencies, forex, stocks, and commodities. Users should adjust both the Rounding Step and the Major Grid settings to ensure the correct scale is used for the specific asset. This adjustment ensures that the most relevant round price levels are displayed effectively regardless of the instrument being analyzed. For instance, when analyzing BTCUSD, a higher Rounding Step may be needed compared to forex pairs like EURUSD, and the Major Grid value should also be adjusted to appropriately emphasize significant levels.
Line Limitations in Pine Script :
The Rounded Grid Levels indicator is subject to Pine Script's 500-line limit. This means that it cannot draw more than 500 gridlines on the chart at any given time. The number of gridlines depends directly on the chosen Rounding Step . If the steps are too small, the gridlines will be spaced too closely, causing the indicator to quickly reach the line limit. For example, if Ethereum is trading around $2,500, a Rounding Step of 100 might be appropriate, but a step of 1.00 would create too many gridlines, exceeding Pine Script's limit. Users should consider appropriate settings to avoid running into this constraint.
Runtime Error Considerations
When using the Rounded Grid Levels indicator, users might encounter a runtime error in specific scenarios. This typically happens if the Rounding Step is set too small, causing the indicator to exceed Pine Script's line limit or take too long to process. This can often occur when switching between charts that have significantly different price ranges. Since the Rounding Step requires flexibility to work with a wide variety of assets—ranging from decimals to thousands—it is not practically limited within the script itself. If a runtime error occurs, the recommended solution is to increase the Rounding Step to a larger value that better matches the current asset's price range.
Runtime Error: If the Rounding Step is too small for the current asset or chart, the indicator may generate a runtime error. Users should increase the Rounding Step to ensure proper visualization.
⚠️ DISCLAIMER ⚠️
The Rounded Grid Levels indicator is not designed as a predictive tool. While it extends gridlines into the future, this extension is purely for visual continuity and does not imply any forecast of future price movements. The primary function of this indicator is to help users visualize significant round number price levels.
The gridlines adjust dynamically based on the visible chart range, ensuring that the most relevant round price levels are displayed. This behavior allows the indicator to adapt to your current view of the market, but it should not be used to predict price movements. The indicator is intended as a visual aid and should be used alongside other tools in a comprehensive market analysis approach.
While gridlines may align with significant price levels in hindsight, they should not be interpreted as indicators of future price movements. Traders are encouraged to adjust settings based on their strategy and market conditions.
🧠 BEYOND THE CODE 🧠
The Rounded Grid Levels indicator, like other xxattaxx indicators , is designed with education and community collaboration in mind. Its open-source nature encourages exploration, experimentation, and the development of new grid calculation indicators, drawings, and strategies. We hope this indicator serves as a framework and a starting point for future innovations in grid trading.
Your comments, suggestions, and discussions are invaluable in shaping the future of this project. We actively encourage your feedback and contributions, which will directly help us refine and improve the Rounded Grid Levels indicator. We look forward to seeing the creative ways in which you use and enhance this tool.
Multi-Average Trend Indicator (MATI)[FibonacciFlux]Multi-Average Trend Indicator (MATI)
Overview
The Multi-Average Trend Indicator (MATI) is a versatile technical analysis tool designed for traders who aim to enhance their market insights and streamline their decision-making processes across various timeframes. By integrating multiple advanced moving averages, this indicator serves as a robust framework for identifying market trends, making it suitable for different trading styles—from scalping to swing trading.
MATI 4-hourly support/resistance
MATI 1-hourly support/resistance
MATI 15 minutes support/resistance
MATI 1 minutes support/resistance
Key Features
1. Diverse Moving Averages
- COVWMA (Coefficient of Variation Weighted Moving Average) :
- Provides insights into price volatility, helping traders identify the strength of trends in fast-moving markets, particularly useful for 1-minute scalping .
- DEMA (Double Exponential Moving Average) :
- Minimizes lag and quickly responds to price changes, making it ideal for capturing short-term price movements during volatile trading sessions .
- EMA (Exponential Moving Average) :
- Focuses on recent price action to indicate the prevailing trend, vital for day traders looking to enter positions based on current momentum.
- KAMA (Kaufman's Adaptive Moving Average) :
- Adapts to market volatility, smoothing out price action and reducing false signals, which is crucial for 4-hour day trading strategies.
- SMA (Simple Moving Average) :
- Provides a foundational view of the market trend, useful for swing traders looking at overall price direction over longer periods.
- VIDYA (Variable Index Dynamic Average) :
- Adjusts based on market conditions, offering a dynamic perspective that can help traders capture emerging trends.
2. Combined Moving Average
- The MATI's combined moving average synthesizes all individual moving averages into a single line, providing a clear and concise summary of market direction. This feature is especially useful for identifying trend continuations or reversals across various timeframes .
3. Dynamic Color Coding
- Each moving average is visually represented with color coding:
- Green indicates bullish conditions, while Red suggests bearish trends.
- This visual feedback allows traders to quickly assess market sentiment, facilitating faster decision-making.
4. Signal Generation and Alerts
- The indicator generates buy signals when the combined moving average crosses above its previous value, indicating a potential upward trend—ideal for quick entries in scalping.
- Conversely, sell signals are triggered when the combined moving average crosses below its previous value, useful for exiting positions or entering short trades.
Insights and Applications
1. Scalping on 1-Minute Charts
- The MATI excels in fast-paced environments, allowing scalpers to identify quick entry and exit points based on short-term trends. With dynamic signals and alerts, traders can react swiftly to price movements, maximizing profit potential in brief price fluctuations.
2. Day Trading on 4-Hour Charts
- For day traders, the MATI provides essential insights into intraday trends. By analyzing the combined moving average and its relation to individual moving averages, traders can make informed decisions on when to enter or exit positions, capitalizing on daily price swings.
3. Swing Trading on Daily Charts
- The MATI also serves as a valuable tool for swing traders. By evaluating longer-term trends through the combined moving average, traders can identify potential swing points and adjust their strategies accordingly. The flexibility of adjusting the lengths of the moving averages allows for tailored approaches based on market volatility.
Benefits
1. Clarity and Insight
- The combination of diverse moving averages offers a clear visual representation of market trends, aiding traders in making informed decisions across multiple timeframes.
2. Flexibility and Customization
- With adjustable parameters, traders can adapt the MATI to their specific strategies, making it suitable for various market conditions and trading styles.
3. Real-Time Alerts and Efficiency
- Built-in alerts minimize response times, allowing traders to capitalize on opportunities as they arise, regardless of their trading style.
Conclusion
The Multi-Average Trend Indicator (MATI) is an essential tool for traders seeking to enhance their technical analysis capabilities. By seamlessly integrating multiple moving averages with dynamic color coding and real-time alerts, this indicator provides a comprehensive approach to understanding market trends. Its versatility makes it an invaluable asset for scalpers, day traders, and swing traders alike.
Important Note
As with any trading tool, thorough analysis and risk management are crucial when using this indicator. Past performance does not guarantee future results, and traders should always be prepared for market fluctuations.
