Local LimitsDisplays recent higher highs, lower highs, lower lows, and higher lows as a collection of local limit indicators.
In its simplicity is a lot more powerful than might appear at first glance.
Does not rely on volatility calculation.
Can be linked together to create an objective view of recent support and resistance levels.
Makes current trends more visible.
Excellent for use as a trailing stop algorithm.
Parameters
Single Bar Sensitivity: True (default) reacts to individual bars. False only responds to the alignment of 2 bars.
Margin (1-5): Adds extra distance from higher lows and lower highs to reduce the sensitivity of broken trends.
Single indicators with configurable sources:
Local Limit Higher
Local Limit Lower
Destek ve Direnç
UNI Top Cap [jcray]Top cap indicator for UNI, the Uniswap Protocol token. Modified from BTC Top Cap by aamonkey
Pre and Market OpeningsPre and Market Openings is to enable you to quickly visualize the opening markets and how they could influence trading.
The below script has used the market time data from the below links:
Tokyo/Asia www.tradinghours.com
London www.tradinghours.com
New York www.tradinghours.com
The below script aims to plot:
Daily Asia Open
Weekly Asia Open
Daily London Open
Weekly London Open
Daily New York Open
Weekly New York Open
Using background colour it also shows market sessions (pre-market) for London and New York and regular for London, New York and Asia.
There is also plotted text for days of the week and sessions.
As you can see from the picture below that these market openings can act as support and resistance:
BTC
ETH
Realtime All-Time High and All-Time Low Tracker [WIP]This is a study intended to port the work of /u/QuantNomad's "Kozlod - All-time high/low alerts" to pine version 4 without giving any alerts. It is intended to capture the most extreme points on any given price chart in real time, the absolute high and absolute low points. Ideally, the plotted lines would strictly diverge from one another in opposite directions and widen with new highs or lows on a hypothetical "all-time" resolution.
Most of the original code was replaced and I'm trying to resolve a bug where the script fails to register new highs or lows while at the same time making sure that earlier data is plotted correctly. If applied to an asset that has not yet recovered , is just too new, or has not achieved a lower low than its opening price, this indicator ceases to function correctly. This would not be an issue if pine script was more general purpose and had something similar to Python's max(list) function.
Any and all suggestions are welcome. This is simply to serve as a springboard for any programmers trying to design algorithms or strategies that use these variables on any price chart.
Happy Hunting!
- Patch Hemlock
ETH Top Cap [jamesray]This script is modified from Top Cap , as published here.
Historically it matches market tops for ETH
Bridge Bands [joecat808]Bridge Bands are an implementation of the work done by Joe Catanzaro (joecat808) to produce a risk range for a security.
The basic idea is to calculate Mandelbrot's "Bridge Range". (Pg. 179 of Misbehavior of Markets)
It then calculates Bollinger Bands.
Then next step is to calculate the Hurst Exponent.
The last step is to merge the Bridge Range and the Bollinger Bands. The basic concept is if H = .5 we use the Bollinger Bands and the farther away we move from .5 in either direction the Bridge Range takes more precedent.
There is a Trend value that is the mid-point of a 3 month Donchian Channel. If price is above we're bullish, if price is below we're bearish.
Lastly, there is also an option info box with data regarding the underlying's position within the range, as well as an experimental position size calculation.
Local Limit UpperDisplays recent higher and lower highs.
In it's simplicity is a lot more powerful than might appear at first glance.
Does not rely on volatility calculation.
Can be linked together to create an objective view of recent resistance levels.
Makes current trends more visible.
Excellent as a trailing stop (short) algorithm.
Can be used with its sibling: Local Limit Lower
Local Limit LowerDisplays recent higher and lower lows.
In it's simplicity is a lot more powerful than might appear at first glance.
Does not rely on volatility calculation.
Can be linked together to create an objective view of recent support levels.
Makes current trends more visible.
Excellent as a trailing stop algorithm.
Can be used with its sibling: Local Limit Upper
Support & Resistance LevelsPlots support and resistance levels based on occurrence of fractals.
Line width indicates historical significance of the level.
Decreasing the proximity multiplier input increases the sensitivity/ increases the frequency of level changes.
If price closes above a resistance level, the level becomes a support level and its color on the chart changes to green (& vice-versa).
zigzag support&resistance levels [LM]Hello Traders,
I would like to introduce you zigzag support&resistance levels. It is based on the ZigZag semafor script made by DevLucem so shout out to him
The Semafor is used to spot future multi-level Supports and Resistance zones.
It is also useful to spot HL or LL or HH or LH zones at different Depth settings.
The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal
I have refactored script and extended it with the horizontals.
The lines can be extended like so if you want to see
The lines also can expire when the price will reach it you can change this in general settings:
Also you can use view from the original script with just label circles
Enjoy!
Test - key levels indicator1. Current monthly, weekly and daily open
2. last week's high and last week's low
3. current monthly, weekly and daily highs/lows
Yesterday's RTH&ON sessions OHLCsThe indicator plots the OHLC levels of both trading sessions of the day before: the overnight session and the Regular Trading Hours.
Lines and DiagonalHere we have 2x Codes Together.
A) Volume-based S/R Levels >>> Credits for the creator @wugamlo
B) Support Resistance Diagonal >>> Credits fo the creator @pikusov
I Just mix them in one code.
This indicators are the best ones in tradingview to confirm Supports and Resistances.
it's a good way to help us to check the trend and gives an idea to get in or get out.
You can also use this together with the another indicators that i publish.
It's my setup today: