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Zones

Key Levels & Session Highs/Lows by OdegosProfessional multi-timeframe support and resistance level indicator that automatically tracks and displays key price levels across different trading sessions and timeframes. 🎯 What it shows: Session Open - Daily market open reference line Asia & London Sessions - High/low levels from major trading sessions Previous Day - Yesterday's actual high and low levels Weekly & Monthly - Higher timeframe support/resistance levels ⚡ Smart Features: Auto-combines overlapping levels with merged labels Break detection - Lines stop when price breaks through (optional) Timezone support - Works with any global timezone Universal colors - Optimized for both light and dark chart themes Clean interface - Organized settings with intuitive dropdowns 🛠️ Fully Customizable: Individual show/hide toggles for each level type Custom colors, line styles, and widths Adjustable label text and positioning Global text color override option Perfect for day traders, swing traders, and anyone who relies on key support/resistance levels for market analysis.
Pine Script® göstergesi
OdegosX tarafından
12
Nifty Smart Zones & Breakout Bars(5min TF only) by Chaitu50cNifty Smart Zones & Breakout Bars is a purpose-built intraday trading tool, tested extensively on Nifty50 and recommended for Nifty50 use only. All default settings are optimised specifically for Nifty50 on the 5-minute timeframe for maximum accuracy and clarity. Why Last Bar of the Session Matters The last candle of a trading session often represents the final battle between buyers and sellers for that day. It encapsulates closing sentiment, influenced by end-of-day positioning, profit booking, and institutional activity. The high and low of this bar frequently act as strong intraday support/resistance in the following sessions. Price often reacts around these levels, especially when combined with volume surges. Core Features Session Last-Candle Zones Plots a horizontal box at the high and low of the last candle in each session. Boxes extend to the right to track carry-over levels into new sessions. Uses a stateless approach — past zones reappear if relevant. Smart Suppression System When more than your Base Sessions (No Suppression) are shown, newer zones overlapping or within a proximity distance (in points) of older zones are hidden. Older zones take priority, reducing chart clutter while keeping critical levels. Breakout Bar Coloring Highlights breakout bars in four categories: Up Break (1-bar) Down Break (1-bar) Up Break (2-bar) Down Break (2-bar) Breakouts use a break buffer (in ticks) to filter noise. Toggle coloring on/off instantly. Volume Context (User Tip) For best use, pair with volume analysis. High-volume breakouts from last-session zones have greater conviction and can signal sustained momentum. Usage Recommendations Instrument: Nifty50 only (tested & optimised). Timeframe: 5-minute chart for best results. Approach: Watch for price interaction with the plotted last-session zones. Combine zone breaks with bar color signals and volume spikes for higher-probability trades. Use suppression to focus on key, non-redundant levels. Why This Tool is Different Unlike standard support/resistance plotting, this indicator focuses on session-closing levels, which are more reliable than arbitrary highs/lows because they capture the final market consensus for the session. The proximity-based suppression ensures your chart stays clean, while breakout paints give instant visual cues for momentum shifts.
Pine Script® göstergesi
chaitu50c tarafından
3
ATR RopeATR Rope is inspired by DonovanWall's "Range Filter". It implements a similar concept of filtering out smaller market movements and adjusting only for larger moves. In addition, this indicator goes one step deeper by producing actionable zones to determine market state. (Trend vs. Consolidation) > Background When reading up on the Range Filter indicator, it reminded me exactly of a Rope stabilization drawing tool in a program I use frequently. Rope stabilization essentially attaches a fixed length "rope" to your cursor and an anchor point (Brush). As you move your cursor, you are pulling the brush behind it. The cursor (of course) will not pull the brush until the rope is fully extended, this behavior filters out jittery movements and is used to produce smoother drawing curves. If compared visually side-by-side, you will notice that this indicator bears striking resemblance to its inspiration. > Goal Other than simply distinguishing price movements between meaningful and noise, this indicator strives to create a rigid structure to frame market movements and lack-there-of, such as when to anticipate trend, and when to suspect consolidation. Since the indicator works based on an ATR range, the resulting ATR Channel does well to get reactions from price at its extremes. Naturally, when consolidating, price will remain within the channel, neither pushing the channel significantly up or down. Likewise, when trending, price will continue to push the channel in a single direction. With the goal of keeping it quick and simple, this indicator does not do any smoothing of data feeds, and is simply based on the deviation of price from the central rope. Adjusting the rope when price extends past the threshold created by +/- ATR from the rope. > Features & Behaviors - ATR Rope ATR Rope is displayed as a 3 color single line. This can be considered the center line, or the directional line, whichever you'd prefer. The main point of the Rope display is to indicate direction, however it also is factually the center of the current working range. - ATR Rope Color When the rope's value moves up, it changes to green (uptrend), when down, red (downtrend). When the source crosses the rope, it turns blue (flat). With these simple rules, we've formed a structure to view market movements. - Consolidation Zones Consolidation Zones generate from "Flat" areas, and extend into subsequent trend areas. Consolidation is simply areas where price has crossed the Rope and remains inside the range. Over these periods, the upper and lower values are accumulated and averaged together to form the "Consolidation Zone" values. These zones are draw live, so values are averaged as the flat areas progress and don't repaint, so all values seen historically are as they would appear live. - ATR Channel ATR Channel displays the upper and lower bounds of the working range. When the source moves beyond this range, the rope is adjusted based on the distance from the source to the channel. This range can be extremely useful to view, but by default it is hidden. > Application This indicator is not created to provide signals, or serve as a "complete" system. (People who didn't read this far will still comment for signals. :) ) This is created to be used alongside manual interpretation and intuition. This indicator is not meant to constrain any users into a box, and I would actually encourage an open mind and idea generation, as the application of this indicator can take various forms. > Examples As you would probably already know, price movement can be fast impulses, and movement can be slow bleeds. In the screenshot below, we are using movements from and to consolidation zones to classify weak trend and strong trend. As you can see, there are also areas of consolidation which get broken out of and confirmed for the larger moves. Author's Note: In each of these examples, I have outlined the start and end of each session. These examples come from 1 Min Future charts, and have specifically been framed with day trading in mind. "Breakout Retest" or "Support/Resistance Flips" or "Structure Retests" are all generally the same thing, with different traders referring to them by different names, all of which can be seen throughout these examples. In the next example, we have a day which started with an early reversal leading into long, slow, trend. Notice how each area throughout the trend essentially moves slightly higher, then consolidates while holding support of the previous zone. This day had a few sharp movements, however there was a large amount of neutrality throughout this day with continuous higher lows. In contrast to the previous example, next up, we have a very choppy day. Throughout which we see a significant amount of retests before fast directional movements. We also see a few examples of places where previous zones remained relevant into the future. While the zones only display into the resulting trend area, they do not become immediately meaningless once they stop drawing. > Abstract In the screenshot below, I have stacked 2 of these indicators, using the high as the source for one and the low as the source for the other. I've hidden lines of the high and low channels to create a 4 lined channel based on the wicks of price. This is not necessary to use the indicator, but should help provide an idea of creative ways the simple indicator could be used to produce more complicated analysis. If you've made it this far, I would hope it's clear to you how this indicator could provide value to your trading. Thank you to DonovonWall for the inspiration. Enjoy!
Pine Script® göstergesi
SamRecio tarafından
11
Fibonacci Circle Zones🟩 The Fibonacci Circle Zones indicator is a technical visualization tool, building upon the concept of traditional Fibonacci circles. It provides configurable options for analyzing geometric relationships between price and time, used to identify potential support and resistance zones derived from circle-based projections. The indicator constructs these Fibonacci circles based on two user-selected anchor points (Point A and Point B), which define the foundational price range and time duration for the geometric analysis. Key features include multiple mathematical Circle Formulas for radius scaling and several options for defining the circle's center point, enabling exploration of complex, non-linear geometric relationships between price and time distinct from traditional linear Fibonacci analysis. Available formulas incorporate various mathematical constants (π, e, φ variants, Silver Ratio) alongside traditional Fibonacci ratios, facilitating investigation into different scaling hypotheses. Furthermore, selecting the Center point relative to the A-B anchors allows these circular time-price patterns to be constructed and analyzed from different geometric perspectives. Analysis can be further tailored through detailed customization of up to 12 Fibonacci levels, including their mathematical values, colors, and visibility.. 📚 THEORY and CONCEPT 📚 Fibonacci circles represent an application of Fibonacci principles within technical analysis, extending beyond typical horizontal price levels by incorporating the dimension of time. These geometric constructions traditionally use numerical proportions, often derived from the Fibonacci sequence, to project potential zones of price-time interaction, such as support or resistance. A theoretical understanding of such geometric tools involves considering several core components: the significance of the chosen geometric origin or center point , the mathematical principles governing the proportional scaling of successive radii, and the fundamental calculation considerations (like chart scale adjustments and base radius definitions) that influence the resulting geometry and ensure its accurate representation. ⨀ Circle Center ⨀ The traditional construction methodology for Fibonacci circles begins with the selection of two significant anchor points on the chart, usually representing a key price swing, such as a swing low (Point A) and a subsequent swing high (Point B), or vice versa. This defined segment establishes the primary vector—representing both the price range and the time duration of that specific market move. From these two points, a base distance or radius is derived (this calculation can vary, sometimes using the vertical price distance, the time duration, or the diagonal distance). A center point for the circles is then typically established, often at the midpoint (time and price) between points A and B, or sometimes anchored directly at point B. Concentric circles are then projected outwards from this center point. The radii of these successive circles are calculated by multiplying the base distance by key Fibonacci ratios and other standard proportions. The underlying concept posits that markets may exhibit harmonic relationships or cyclical behavior that adheres to these proportions, suggesting these expanding geometric zones could highlight areas where future price movements might decelerate, reverse, or find equilibrium, reflecting a potential proportional resonance with the initial defining swing in both price and time. The Fibonacci Circle Zones indicator enhances traditional Fibonacci circle construction by offering greater analytical depth and flexibility: it addresses the origin point of the circles: instead of being limited to common definitions like the midpoint or endpoint B, this indicator provides a selection of distinct center point calculations relative to the initial A-B swing. The underlying idea is that the geometric source from which harmonic projections emanate might vary depending on the market structure being analyzed. This flexibility allows for experimentation with different center points (derived algorithmically from the A, B, and midpoint coordinates), facilitating exploration of how price interacts with circular zones anchored from various perspectives within the defining swing. Potential Center Points Setup : This view shows the anchor points A and B , defined by the user, which form the basis of the calculations. The indicator dynamically calculates various potential Center points ( C through N , and X ) based on the A-B structure, representing different geometric origins available for selection in the settings. Point X holds particular significance as it represents the calculated midpoint (in both time and price) between A and B. This 'X' point corresponds to the default 'Auto' center setting upon initial application of the indicator and aligns with the centering logic used in TradingView's standard Fibonacci Circle tool, offering a familiar starting point. The other potential center points allow for exploring circles originating from different geometric anchors relative to the A-B structure. While detailing the precise calculation for each is beyond the scope of this overview, they can be broadly categorized: points C through H are derived from relationships primarily within the A-B time/price range, whereas points I through N represent centers projected beyond point B, extrapolating the A-B geometry. Point J, for example, is calculated as a reflection of the A-X midpoint projected beyond B. This variety provides a rich set of options for analyzing circle patterns originating from historical, midpoint, and extrapolated future anchor perspectives. Default Settings (Center X, FibCircle) : Using the default Center X (calculated midpoint) with the default FibCircle . Although circles begin plotting only after Point B is established, their curvature shows they are geometrically centered on X. This configuration matches the standard TradingView Fib Circle tool, providing a baseline. Centering on Endpoint B : Using Point B, the user-defined end of the swing, as the Center . This anchors the circular projections directly to the swing's termination point. Unlike centering on the midpoint (X) or start point (A), this focuses the analysis on geometric expansion originating precisely from the conclusion of the measured A-B move. Projected Center J : Using the projected Point J as the Center . Its position is calculated based on the A-B swing (conceptually, it represents a forward projection related to the A-X midpoint relationship) and is located chronologically beyond Point B. This type of forward projection often allows complete circles to be visualized as price develops into the corresponding time zone. Time Symmetry Projection (Center L) : Uses the projected Point L as the Center . It is located at the price level of the start point (A), projected forward in time from B by the full duration of the A-B swing . This perspective focuses analysis on temporal symmetry , exploring geometric expansions from a point representing a full time cycle completion anchored back at the swing's origin price level. ⭕ Circle Formula Beyond the center point , the expansion of the projected circles is determined by the selected Circle Formula . This setting provides different mathematical methods, or scaling options , for scaling the circle radii. Each option applies a distinct mathematical constant or relationship to the base radius derived from the A-B swing, allowing for exploration of various geometric proportions. eScaled Mathematical Basis: Scales the radius by Euler's number ( e ≈ 2.718), the base of natural logarithms. This constant appears frequently in processes involving continuous growth or decay. Enables investigation of market geometry scaled by e , exploring relationships potentially based on natural exponential growth applied to time-price circles, potentially relevant for analyzing phases of accelerating momentum or volatility expansion. FibCircle Mathematical Basis: Scales the radius to align with TradingView’s built-in Fibonacci Circle Tool. Provides a baseline circle size, potentially emulating scaling used in standard drawing tools, serving as a reference point for comparison with other options. GoldenFib Mathematical Basis: Scales the radius by the Golden Ratio (φ ≈ 1.618). Explores the fundamental Golden Ratio proportion, central to Fibonacci analysis, applied directly to circular time-price geometry, potentially highlighting zones reflecting harmonic expansion or retracement patterns often associated with φ. GoldenContour Mathematical Basis: Scales the radius by a factor derived from Golden Ratio geometry (√(1 + φ²) / 2 ≈ 0.951). It represents a specific geometric relationship derived from φ. Allows analysis using proportions linked to the geometry of the Golden Rectangle, scaled to produce circles very close to the initial base radius. This explores structural relationships often associated with natural balance or proportionality observed in Golden Ratio constructions. SilverRatio Mathematical Basis: Scales the radius by the Silver Ratio (1 + √2 ≈ 2.414). The Silver Ratio governs relationships in specific regular polygons and recursive sequences. Allows exploration using the proportions of the Silver Ratio, offering a significant expansion factor based on another fundamental metallic mean for comparison with φ-based methods. PhiDecay Mathematical Basis: Scales the radius by φ raised to the power of -φ (φ⁻ᵠ ≈ 0.53). This unique exponentiation explores a less common, non-linear transformation involving φ. Explores market geometry scaled by this specific phi-derived factor which is significantly less than 1.0, offering a distinct contractile proportion for analysis, potentially relevant for identifying zones related to consolidation phases or decaying momentum. PhiSquared Mathematical Basis: Scales the radius by φ squared, normalized by dividing by 3 (φ² / 3 ≈ 0.873). Enables investigation of patterns related to the φ² relationship (a key Fibonacci extension concept), visualized at a scale just below 1.0 due to normalization. This scaling explores projections commonly associated with significant trend extension targets in linear Fibonacci analysis, adapted here for circular geometry. PiScaled Mathematical Basis: Scales the radius by Pi (π ≈ 3.141). Explores direct scaling by the fundamental circle constant (π), investigating proportions inherent to circular geometry within the market's time-price structure, potentially highlighting areas related to natural market cycles, rotational symmetry, or full-cycle completions. PlasticNumber Mathematical Basis: Scales the radius by the Plastic Number (approx 1.3247), the third metallic mean. Like φ and the Silver Ratio, it is the solution to a specific cubic equation and relates to certain geometric forms. Introduces another distinct fundamental mathematical constant for geometric exploration, comparing market proportions to those potentially governed by the Plastic Number. SilverFib Mathematical Basis: Scales the radius by the reciprocal Golden Ratio (1/φ ≈ 0.618). Explores proportions directly related to the core 0.618 Fibonacci ratio, fundamental within Fibonacci-based geometric analysis, often significant for identifying primary retracement levels or corrective wave structures within a trend. Unscaled Mathematical Basis: No scaling applied. Provides the base circle defined by points A/B and the Center setting without any additional mathematical scaling, serving as a pure geometric reference based on the A-B structure. 🧪 Advanced Calculation Settings Two advanced settings allow further refinement of the circle calculations: matching the chart's scale and defining how the base radius is calculated from the A-B swing. The Chart Scale setting ensures geometric accuracy by aligning circle calculations with the chart's vertical axis display. Price charts can use either a standard (linear) or logarithmic scale, where vertical distances represent price changes differently. The setting offers two options: Standard : Select this option when the price chart's vertical axis is set to a standard linear scale. Logarithmic : It is necessary to select this option if the price chart's vertical axis is set to a logarithmic scale. Doing so ensures the indicator adjusts its calculations to maintain correct geometric proportions relative to the visual price action on the log-scaled chart. The Radius Calc setting determines how the fundamental base radius is derived from the A-B swing, offering two primary options: Auto : This is the default setting and represents the traditional method for radius calculation. This method bases the radius calculation on the vertical price range of the A-B swing, focusing the geometry on the price amplitude. Geometric : This setting provides an alternative calculation method, determining the base radius from the diagonal distance between Point A and Point B. It considers both the price change and the time duration relative to the chart's aspect ratio, defining the radius based on the overall magnitude of the A-B price-time vector. This choice allows the resulting circle geometry to be based either purely on the swing's vertical price range ( Auto ) or on its combined price-time movement ( Geometric ). 🖼️ CHART EXAMPLES 🖼️ Default Behavior (X Center, FibCircle Formula) : This configuration uses the midpoint ( Center X) and the FibCircle scaling Formula , representing the indicator's effective default setup when 'Auto' is selected for both options initially. This is designed to match the output of the standard TradingView Fibonacci Circle drawing tool. Center B with Unscaled Formula : This example shows the indicator applied to an uptrend with the Center set to Point B and the Circle Formula set to Unscaled . This configuration projects the defined levels (0.236, 0.382, etc.) as arcs originating directly from the swing's termination point (B) without applying any additional mathematical scaling from the formulas. Visualization with Projected Center J : Here, circles are centered on the projected point J, calculated from the A-B structure but located forward in time from point B. Notice how using this forward-projected origin allows complete inner circles to be drawn once price action develops into that zone, providing a distinct visual representation of the expanding geometric field compared to using earlier anchor points. ( Unscaled formula used in this example). PhiSquared Scaling from Endpoint B : The PhiSquared scaling Formula applied from the user-defined swing endpoint (Point B). Radii expand based on a normalized relationship with φ² (the square of the Golden Ratio), creating a unique geometric structure and spacing between the circle levels compared to other formulas like Unscaled or GoldenFib . Centering on Swing Origin (Point A) : Illustrates using Point A, the user-defined start of the swing, as the circle Center . Note the significantly larger scale and wider spacing of the resulting circles. This difference occurs because centering on the swing's origin (A) typically leads to a larger base radius calculation compared to using the midpoint (X) or endpoint (B). ( Unscaled formula used). Center Point D : Point D, dynamically calculated from the A-B swing, is used as the origin ( Center =D). It is specifically located at the price level of the swing's start point (A) occurring precisely at the time coordinate of the swing's end point (B). This offers a unique perspective, anchoring the geometric expansion to the initial price level at the exact moment the defining swing concludes. ( Unscaled formula shown). Center Point G : Point G, also dynamically calculated from the A-B swing, is used as the origin ( Center =G). It is located at the price level of the swing's endpoint (B) occurring at the time coordinate of the start point (A). This provides the complementary perspective to Point D, anchoring the geometric expansion to the final price level achieved but originating from the moment the swing began . As observed in the example, using Point G typically results in very wide circle projections due to its position relative to the core A-B action. ( Unscaled formula shown). Center Point I: Half-Duration Projection : Using the dynamically calculated Point I as the Center . Located at Point B's price level but projected forward in time by half the A-B swing duration , Point I's calculated time coordinate often falls outside the initially visible chart area. As the chart progresses, this origin point will appear, revealing large, sweeping arcs representing geometric expansions based on a half-cycle temporal projection from the swing's endpoint price. ( Unscaled formula shown). Center Point M : Point M, also dynamically calculated from the A-B swing, serves as the origin ( Center =M). It combines the midpoint price level (derived from X) with a time coordinate projected forward from Point B by the full duration of the A-B swing . This perspective anchors the geometric expansion to the swing's balance price level but originates from the completion point of a full temporal cycle relative to the A-B move. Like other projected centers, using M allows for complete circles to be visualized as price progresses into its time zone. ( SilverFib formula shown). Geometric Validation & Functionality : Comparing the indicator (red lines), using its default settings ( Center X, FibCircle Formula ), against TradingView's standard Fib Circle tool (green lines/white background). The precise alignment, particularly visible at the 1.50 and 2.00 levels shown, validates the core geometry calculation. 🛠️ CONFIGURATION AND SETTINGS 🛠️ The Fibonacci Circle Zones indicator offers a range of configurable settings to tailor its functionality and visual representation. These options allow customization of the circle origin, scaling method, level visibility, visual appearance, and input points. Center and Formula Settings for selecting the circle origin and scaling method. Center : Dropdown menu to select the origin point for the circles. Auto : Automatically uses point X (the calculated midpoint between A and B). Selectable points including start/end (A, B), midpoint (X), plus various points derived from or projected beyond the A-B swing (C-N). Circle Formula : Dropdown menu to select the mathematical method for scaling circle radii. Auto : Automatically selects a default formula ('FibCircle' if Center is 'X', 'Unscaled' otherwise). Includes standard Fibonacci scaling ( FibCircle, GoldenFib ), other mathematical constants ( PiScaled, eScaled ), metallic means ( SilverRatio ), phi transformations ( PhiDecay, PhiSquared ), and others. Fib Levels Configuration options for the 12 individual Fibonacci levels. Advanced Settings Settings related to core calculation methods. Radius Calc : Defines how the base radius is calculated (e.g., 'Auto' for vertical price range, 'Geometric' for diagonal price-time distance). Chart Scale : Aligns circle calculations with the chart's vertical axis setting ('Standard' or 'Logarithmic') for accurate visual proportions. Visual Settings Settings controlling the visual display of the indicator elements. Plots : Dropdown controlling which parts of the calculated circles are displayed ( Upper , All , or Lower ). Labels : Dropdown controlling the display of the numerical level value labels ( All , Left , Right , or None ). Setup : Dropdown controlling the visibility of the initial setup graphics ( Show or Hide ). Info : Dropdown controlling the visibility of the small information table ( Show or Hide ). Text Size : Adjusts the font size for all text elements displayed by the indicator (Value ranges from 0 to 36). Line Width : Adjusts the width of the circle plots (1-10). Time/Price Inputs for the anchor points defining the base swing. These settings define the start (Point A) and end (Point B) of the price swing used for all calculations. Point A (Time, Price) : Input fields for the exact time coordinate and price level of the swing's starting point (A). Point B (Time, Price) : Input fields for the exact time coordinate and price level of the swing's ending point (B). Interactive Adjustment : Points A and B can typically be adjusted directly by clicking and dragging their markers on the chart (if 'Setup' is set to 'Show'). Changes update settings automatically. 📝 NOTES 📝 Fibonacci circles begin plotting only once the time corresponding to Point B has passed and is confirmed on the chart. While potential center locations might be visible earlier (as shown in the setup graphic), the final circle calculations require the complete geometry of the A-B swing. This approach ensures that as new price bars form, the circles are accurately rendered based on the finalized A-B relationship and the chosen center and scaling. The indicator's calculations are anchored to user-defined start (A) and end (B) points on the chart. When switching between charts with significantly different price scales (e.g., from an index at 5,000 to a crypto asset at $0.50), it is typically necessary to adjust these anchor points to ensure the circle elements are correctly positioned and scaled. ⚠️ DISCLAIMER ⚠️ The Fibonacci Circle Zones indicator is a visual analysis tool designed to illustrate Fibonacci relationships through geometric constructions incorporating curved lines, providing a structured framework for identifying potential areas of price interaction. Like all technical and visual indicators, these visual representations may visually align with key price zones in hindsight, reflecting observed price dynamics. It is not intended as a predictive or standalone trading signal indicator. The indicator calculates levels and projections using user-defined anchor points and Fibonacci ratios. While it aims to align with TradingView’s standard Fibonacci circle tool by employing mathematical and geometric formulas, no guarantee is made that its calculations are identical to TradingView's proprietary methods. 🧠 BEYOND THE CODE 🧠 The Fibonacci Circle Zones 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 Fibonacci and grid calculation indicators and tools. We hope this indicator serves as a framework and a starting point for future Innovation and discussions.
Pine Script® göstergesi
xxattaxx tarafından
3
DTFX Algo Zones [SamuraiJack Mod]CME_MINI:NQ1! Credits This indicator is a modified version of an open-source tool originally developed by Lux Algo. I literally modded their indicator to create the DTFX Algo Zones version, incorporating additional features and refinements. Special thanks to Lux Algo for their original work and for providing the open-source code that made this development possible. Introduction DTFX Algo Zones is a technical analysis indicator designed to automatically identify key supply and demand zones on your chart using market structure and Fibonacci retracements. It helps traders spot high-probability reversal areas and important support/resistance levels at a glance. By detecting shifts in market structure (such as Break of Structure and Change of Character) and highlighting bullish or bearish zones dynamically, this tool provides an intuitive framework for planning trades. The goal is to save traders time and improve decision-making by focusing attention on the most critical price zones where market bias may confirm or reverse. Logic & Features • Market Structure Shift Detection (BOS & CHoCH): The indicator continuously monitors price swings and marks significant structure shifts. A Break of Structure (BOS) occurs when price breaks above a previous swing high or below a swing low, indicating a continuation of the current trend. A Change of Character (ChoCH) is detected when price breaks in the opposite direction of the prior trend, often signaling an early trend reversal. These moments are visually marked on the chart, serving as anchor points for new zones. By identifying BOS and ChoCH in real-time, the DTFX Algo Zones indicator ensures you’re aware of key trend changes as they happen. • Auto-Drawn Fibonacci Supply/Demand Zones: Upon a valid structure shift, the indicator plots a Fibonacci-based zone between the breakout point and the preceding swing high/low (the source of the move). This creates a shaded area or band of Fibonacci retracement levels (for example 38.2%, 50%, 61.8%, etc.) representing a potential support zone in an uptrend or resistance zone in a downtrend. These supply/demand zones are derived from the natural retracement of the breakout move, highlighting where price is likely to pull back. Each zone is essentially an auto-generated Fibonacci retracement region tied to a market structure event, which traders can use to anticipate where the next pullback or bounce might occur. • Dynamic Bullish and Bearish Zones: The DTFX Algo Zones indicator distinguishes bullish vs. bearish zones and updates them dynamically as new price action unfolds. Bullish zones (formed after bullish BOS/ChoCH) are typically highlighted in one color (e.g. green or blue) to indicate areas of demand/support where price may bounce upward. Bearish zones (formed after bearish BOS/ChoCH) are shown in another color (e.g. red/orange) to mark supply/resistance where price may stall or reverse downward. This color-coding and real-time updating allow traders to instantly recognize the market bias: for instance, a series of bullish zones implies an uptrend with multiple support levels on pullbacks, while consecutive bearish zones indicate a downtrend with resistance overhead. As old zones get invalidated or new ones appear, the chart remains current with the latest key levels, eliminating clutter from outdated levels. • Flexible Customization: The indicator comes with several options to tailor the zones to your trading style. You can filter which zones to display – for example, show only the most recent N zones or limit to only bullish or only bearish zones – helping declutter the chart and focus on recent, relevant levels. There are settings to control zone extension (how far into the future the zones are drawn) and to automatically invalidate zones once they’re no longer relevant (for instance, if price fully breaks through a zone or a new structure shift occurs that supersedes it). Additionally, the Fibonacci retracement levels within each zone are customizable: you can choose which retracement percentages to plot, adjust their colors or line styles, and decide whether to fill the zone area for visibility. This flexibility ensures the DTFX Algo Zones can be tuned for different markets and strategies, whether you want a clean minimalist look or detailed zones with multiple internal levels. Best Use Cases DTFX Algo Zones is a versatile indicator that can enhance various trading strategies. Some of its best use cases include: • Identifying High-Probability Reversal Zones: Each zone marks an area where price has a higher likelihood of stalling or reversing because it reflects a significant prior swing and Fibonacci retracement. Traders can watch these zones for entry opportunities when the market approaches them, as they often coincide with order block or strong supply/demand areas. This is especially useful for catching trend reversals or pullbacks at points where risk is lower and potential reward is higher. • Spotting Key Support and Resistance: The automatically drawn zones act as dynamic support (below price) and resistance (above price) levels. Instead of manually drawing Fibonacci retracements or support/resistance lines, you get an instant map of the key levels derived from recent price action. This helps in quickly identifying where the next bounce (support) or rejection (resistance) might occur. Swing traders and intraday traders alike can use these zones to set alerts or anticipate reaction areas as the market moves. • Trend-Following Entries: In a trending market, the indicator’s zones provide ideal areas to join the trend on pullbacks. For example, in an uptrend, when a new bullish zone is drawn after a BOS, it indicates a fresh demand zone – buying near the lower end of that zone on a pullback can offer a low-risk entry to ride the next leg up. Similarly, in a downtrend, selling rallies into the highlighted supply zones can position you in the direction of the prevailing trend. The zones effectively serve as a roadmap of the trend’s structure, allowing trend traders to buy dips and sell rallies with greater confidence. • Mean-Reversion and Range Trading: Even in choppy or range-bound markets, DTFX Algo Zones can help find mean-reversion trades. If price is oscillating sideways, the zones at extremes of the range might mark where momentum is shifting (ChoCH) and price could swing back toward the mean. A trader might fade an extended move when it reaches a strong zone, anticipating a reversion. Additionally, if multiple zones cluster in an area across time (creating a zone overlap), it often signifies a particularly robust support/resistance level ideal for range trading strategies. In all these use cases, the indicator’s ability to filter out noise and highlight structurally important levels means traders can focus on higher-probability setups and make more informed trading decisions. Strategy – Pullback Trading with DTFX Algo Zones One of the most effective ways to use the DTFX Algo Zones indicator is trading pullbacks in the direction of the trend. Below is a step-by-step strategy to capitalize on pullbacks using the zones, combining the indicator’s signals with sound price action analysis and risk management: 1. Identify a Market Structure Shift and Trend Bias: First, observe the chart for a recent BOS or ChoCH signal from the indicator. This will tell you the current trend bias. For instance, a bullish BOS/ChoCH means the market momentum has shifted upward (bullish bias), and a new demand zone will be drawn. A bearish structure break indicates downward momentum and creates a supply zone. Make sure the broader context supports the bias (e.g., if multiple higher timeframe zones are bullish, focus on long trades). 2. Wait for the Pullback into the Zone: Once a new zone appears, don’t chase the price immediately. Instead, wait for price to retrace back into that highlighted zone. Patience is key – let the market come to you. For a bullish setup, allow price to dip into the Fibonacci retracement zone (demand area); for a bearish setup, watch for a rally into the supply zone. Often, the middle of the zone (around the 50% retracement level) can be an optimal area where price might slow down and pivot, but it’s wise to observe price behavior across the entire zone. 3. Confirm the Entry with Price Action & Confluence: As price tests the zone, look for confirmation signals before entering the trade. This can include bullish reversal candlestick patterns (for longs) or bearish patterns (for shorts) such as engulfing candles, hammers/shooting stars, or doji indicating indecision turning to reversal. Additionally, incorporate confluence factors to strengthen the setup: for example, check if the zone overlaps with a key moving average, a round number price level, or an old support/resistance line from a higher timeframe. You might also use an oscillator (like RSI or Stochastic) to see if the pullback has reached oversold conditions in a bullish zone (or overbought in a bearish zone), suggesting a bounce is likely. The more factors aligning at the zone, the more confidence you can have in the trade. Only proceed with an entry once you see clear evidence of buyers defending a demand zone or sellers defending a supply zone. 4. Enter the Trade and Manage Risk: When you’re satisfied with the confirmation (e.g., price starts to react positively off a demand zone or shows rejection wicks in a supply zone), execute your entry in the direction of the original trend. Immediately set a stop-loss order to control risk: for a long trade, a common placement is just below the demand zone (a few ticks/pips under the swing low that formed the zone); for a short trade, place the stop just above the supply zone’s high. This way, if the zone fails and price continues beyond it, your loss is limited. Position size the trade so that this stop-loss distance corresponds to a risk you are comfortable with (for example, 1-2% of your trading capital). 5. Take Profit Strategically: Plan your take-profit targets in advance. A conservative approach is to target the origin of the move – for instance, in a long trade, you might take profit as price moves back up to the swing high (the 0% Fibonacci level of the zone) or the next significant zone or resistance level above. This often yields at least a 1:1 reward-to-risk ratio if you entered around mid-zone. More aggressive trend-following traders may leave a portion of the position running beyond the initial target, aiming for a larger move in line with the trend (for example, new higher highs in an uptrend). You can also trail your stop-loss upward behind new higher lows (for longs) or lower highs (for shorts) as the trend progresses, locking in profit while allowing for further gains. 6. Monitor Zone Invalidation: Even after entering, keep an eye on the behavior around the zone and any new zones that may form. If price fails to bounce and instead breaks decisively through the entire zone, respect that as an invalidation – the market may be signaling a deeper reversal or that the signal was false. In such a case, it’s better to exit early or stick to your stop-loss than to hold onto a losing position. The indicator will often mark or no longer highlight zones that have been invalidated by price, guiding you to shift focus to the next opportunity. Risk Management Tips: • Always use a stop-loss and don’t move it farther out in hope. Placing the stop just beyond the zone’s far end (the swing point) helps protect you if the pullback turns into a larger reversal. • Aim for a favorable risk-to-reward ratio. With pullback entries near the middle or far end of a zone, you can often achieve a reward that equals or exceeds your risk. For example, risking 20 pips to make 20+ pips (1:1 or better) is a prudent starting point. Adjust targets based on market structure – if the next resistance is 50 pips away, consider that upside against your risk. • Use confluence and context: Don’t take every zone signal in isolation. The highest probability trades come when the DTFX Algo Zone aligns with other analysis (trend direction, chart patterns, higher timeframe support/resistance, etc.). This filtered approach will reduce trades taken in weak zones or counter-trend traps. • Embrace patience and selectivity: Not all zones are equal. It can be wise to skip very narrow or insignificant zones and wait for those that form after a strong BOS/ChoCH (indicating a powerful move). Larger zones or zones formed during high-volume times tend to produce more reliable pullback opportunities. • Review and adapt: After each trade, note how price behaved around the zone. If you notice certain Fib levels (like 50% or 61.8%) within the zone consistently provide the best entries, you can refine your approach to focus on those. Similarly, adjust the indicator’s settings if needed – for example, if too many minor zones are cluttering your screen, limit to the last few or increase the structure length parameter to capture only more significant swings. ⸻ By combining the DTFX Algo Zones indicator with disciplined confirmation and risk management, traders can improve their timing on pullback entries and avoid chasing moves. This indicator shines in helping you trade what you see, not what you feel – the clearly marked zones and structure shifts keep you grounded in price action reality. Whether you’re a trend trader looking to buy the dip/sell the rally, or a reversal trader hunting for exhaustion points, DTFX Algo Zones provides a robust visual aid to elevate your trading decisions. Use it as a complementary tool in your analysis to stay on the right side of the market’s structure and enhance your trading performance.
Pine Script® göstergesi
Supreme_Dreams tarafından
14
Nen Star Harmonic Pattern [TradingFinder] NenStar Reversal Auto🔵 Introduction The Nen-Star Harmonic Pattern is an advanced reversal pattern in technical analysis, designed to identify market trend changes and predict key price reversal points. This pattern is defined by a combination of Fibonacci ratios and critical concepts such as Potential Reversal Zones (PRZ), market structure, and corrective waves. The key points of this pattern include X, A, B, C, and D, and it appears in both bullish and bearish forms. In its bullish form, the pattern resembles the letter M, while in its bearish form, it takes the shape of W. The critical Fibonacci ratios for this pattern are 0.382 to 0.786 for the XA wave, 1.13 to 1.414 for the AB wave, and 1.272 to 2.618 for the BC wave. The Nen-Star Harmonic Pattern is one of the most precise tools for identifying market reversals and executing reversal trades. Traders can use it to pinpoint optimal entry and exit points and benefit from high risk-to-reward ratios. By emphasizing Fibonacci retracement levels, XABCD waves, the formation of bullish and bearish patterns, and precise trade entry points, this pattern has become a practical tool in advanced technical analysis. Bullish Nen-Star Pattern : Bearish Nen-Star Pattern : 🔵 How to Use The Nen-Star Harmonic Pattern indicator allows traders to automatically identify the bullish and bearish structures of this pattern and locate optimal entry and exit points. By accurately analyzing Fibonacci ratios and determining points X, A, B, C, and D, the indicator highlights Potential Reversal Zones (PRZ) on the chart. Traders can rely on the generated signals to manage their trades with greater precision. 🟣 Bullish Nen-Star Pattern The bullish Nen-Star pattern begins with a price increase from point X to point A, followed by a retracement to point B, which lies between 0.382 and 0.786 of the XA wave. After this retracement, the price moves to point C, located between 1.13 and 1.414 of the AB wave. The final movement is a price decline to point D, which is between 1.272 and 2.618 of the BC wave and 1.13 to 1.272 of the XA wave. Point D : Serves as the key Potential Reversal Zone (PRZ). Entry : A buy trade is initiated at point D, signaling the end of the corrective movement and the beginning of a price increase. Price Targets : 61.8% retracement of the CD wave Point A Point C 1.272 and 1.618 extensions of the CD wave if resistance at point C is broken Stop Loss : Placed slightly below point D. 🟣 Bearish Nen-Star Pattern The bearish Nen-Star pattern starts with a price decrease from point X to point A, followed by a retracement to point B, which lies between 0.382 and 0.786 of the XA wave. After this retracement, the price moves to point C, located between 1.13 and 1.414 of the AB wave. The final movement is a price increase to point D, which is between 1.272 and 2.618 of the BC wave and 1.13 to 1.272 of the XA wave. Point D : Serves as the key Potential Reversal Zone (PRZ). Entry : A sell trade is initiated at point D, signaling the end of the corrective movement and the beginning of a price decline. Price Targets : 61.8% retracement of the CD wave Point A Point C 1.272 and 1.618 extensions of the CD wave if support at point C is broken Stop Loss : Placed slightly above point D. 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern. Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default. 🔵 Conclusion The Nen-Star Harmonic Pattern is a highly effective analytical tool in global financial markets, playing a crucial role in identifying reversal points and market trend changes. By leveraging Fibonacci principles and price structure, this pattern enables precise analysis across various assets, including stocks, cryptocurrencies, forex, and commodities. Traders operating in global markets can use this pattern to identify high risk-to-reward trading opportunities. Its clear entry and exit points, defined Potential Reversal Zones (PRZ), and accurate price targets make it an excellent tool for risk management and profitability enhancement. In the global context, the Nen-Star pattern is widely used by professional analysts in both advanced and emerging markets due to its versatility in analyzing long-term and short-term charts. Beyond trend prediction, it enhances trading strategies and optimizes investment decisions. Combining this pattern with complementary tools such as volume analysis, technical indicators, and macroeconomic conditions can provide traders with deeper market insights, helping them capitalize on global opportunities.
Pine Script® göstergesi
TFlab tarafından
4
RShar Liquidity Zone Identifier Description of the Liquidity Zone Identifier Indicator The **Liquidity Zone Identifier** is a TradingView indicator designed to highlight key liquidity zones on a price chart. Liquidity zones represent areas where the price is likely to encounter significant resistance or support, making them critical for technical analysis and trading decisions. Key Features: 1. **Dynamic Resistance and Support Levels**: - The indicator calculates the highest high and lowest low over a user-defined period (`length`) to identify potential resistance and support levels. - Sensitivity can be adjusted using the `zoneSensitivity` parameter, which defines a percentage buffer around these levels to expand the zones. 2. **Visual Representation**: - Resistance zones are highlighted in **red**, indicating areas where the price may face selling pressure. - Support zones are highlighted in **green**, representing areas where the price may find buying interest. - The zones are displayed as shaded regions using the `fill` function, making them visually distinct and easy to interpret. 3. **Customizable Inputs**: - **Zone Length** (`length`): Determines the number of candles considered for calculating highs and lows. - **Zone Sensitivity** (`zoneSensitivity`): Sets the percentage margin around the calculated levels to define the liquidity zones. - **Zone Colors**: Users can customize the colors for resistance and support zones to suit their preferences. - **Toggle Fill**: The `showFill` option allows users to enable or disable shaded zone visualization. 4. **Alerts for Trading Opportunities**: - Alerts are triggered when: - The price enters the **resistance zone** (current high is greater than or equal to the resistance zone). - The price enters the **support zone** (current low is less than or equal to the support zone). - These alerts help traders stay informed of critical market movements without constantly monitoring the chart. #### How It Works: 1. **Calculation of Zones**: - The highest high and lowest low over the specified `length` are calculated to define the primary levels. - A buffer zone is added around these levels based on the `zoneSensitivity` percentage, creating a margin of interaction for price movements. 2. **Plotting the Zones**: - The top and bottom boundaries of the resistance and support zones are plotted as lines. - The area between these boundaries is shaded using the `fill` function to enhance visualization. 3. **Alerts for Key Events**: - Traders are notified when price action interacts with the zones, enabling quick decision-making. #### Use Case: The Liquidity Zone Identifier is ideal for: - Identifying areas of potential price reversal or consolidation. - Spotting high-probability trading setups near resistance and support zones. - Complementing other technical indicators in a trading strategy. By effectively highlighting critical price levels, this indicator provides traders with a powerful tool to navigate the markets with greater precision.
Pine Script® göstergesi
RShar_New2025 tarafından
Dynamic RSI with Overbought/Oversold LinesDynamic RSI with Overbought/Oversold Lines This indicator enhances the traditional RSI (Relative Strength Index) by dynamically adjusting the overbought and oversold levels based on the highest and lowest RSI values over a user-defined period. The indicator plots these levels as horizontal lines, allowing traders to visually identify when the market is "overbought" or "oversold." Features: Dynamic Overbought/Oversold Levels: Automatically adjusts the overbought and oversold levels based on the highest and lowest RSI values within the defined period, ensuring more accurate signals tailored to the current market conditions. Customizable RSI Period: Choose your preferred RSI period to suit your trading strategy. Signal Alerts: Visual signals are displayed when the RSI crosses into the overbought or oversold zone, indicating potential reversal points. Background Color Alerts: The background changes color when the RSI exceeds overbought or oversold levels, making it easier to spot these important zones at a glance. Clean and Simple: A minimalist design focusing on the key elements, making it suitable for all traders. How to Use: Overbought Zone: When the RSI moves above the overbought line (red), it may indicate that the asset is overbought, signaling a potential price reversal or pullback. Oversold Zone: When the RSI moves below the oversold line (green), it may indicate that the asset is oversold, signaling a potential price bounce or reversal. This dynamic RSI indicator is perfect for those looking to capture market extremes and improve their trading decisions. It's especially useful for timeframes like 30-minute and 1-hour charts, where market conditions tend to shift more rapidly.
Pine Script® göstergesi
larsnicog tarafından
Yakloft Support and Resistance LevelsYakloft Support and Resistance Levels Indicator The Yakloft Support and Resistance Levels indicator is a powerful tool designed to help traders identify key support and resistance levels on a price chart. By leveraging advanced pivot point calculations and customizable settings, this indicator provides clear visual cues for potential price reversals and market trends. Key Features Automatic Support and Resistance Levels: Dynamic Calculation: The indicator automatically identifies and plots significant support and resistance levels based on pivot highs and lows. Customizable Strength: Adjust the S/R Strength parameter to filter levels according to their significance. Higher values display fewer but more robust levels. Zones Around Levels: Support and Resistance Zones: Create zones around each support and resistance level to highlight areas of interest rather than exact price points. High/Low Zones: Plot zones around the highest and lowest price levels within a specified period, providing additional context for potential breakouts or reversals. Zone Width Adjustment: Customize the width of the zones using the Zone Width % parameter, calculated as a percentage of the price range over the last 300 bars. Line Styles and Fills: Customizable Appearance: Modify line colors, styles (Solid, Dotted, Dashed), and widths to match your chart preferences. Line Fills: Enhance visual clarity by filling zones with semi-transparent colors, making it easier to distinguish between support and resistance areas. Dynamic Line Management: Automatic Line Removal: To keep your chart uncluttered, the indicator removes a support or resistance line after the price crosses it twice. This feature helps you focus on the most relevant and current levels. Expandable Lines: Line Extension: Choose to extend lines both forward and backward in time with the Expand S/R Lines option, providing a comprehensive view of historical support and resistance. How It Works The indicator analyzes price data to identify pivot highs and lows over a specified lookback period. These pivot points are potential areas where the price may reverse or experience significant support or resistance. By filtering these points based on the S/R Strength parameter, the indicator ensures that only the most significant levels are displayed. Once the levels are identified: Support Levels: Plotted when the price shows potential to stop falling and possibly start rising. Resistance Levels: Plotted when the price may stop rising and potentially start falling. The indicator enhances these levels by: Adding Zones: By creating a buffer around each level, traders can see areas where the price might interact with support or resistance, rather than focusing on a single price point. Line Fills: The zones are filled with a semi-transparent color corresponding to support or resistance, improving visual distinction. Input Parameters Enable Support & Resistance: Toggle the entire indicator on or off. Support Color: Choose the color for support lines and fills. Resistance Color: Choose the color for resistance lines and fills. S/R Strength: Set the sensitivity of level detection. Higher values result in fewer, more significant levels. Line Style: Select the style of the support and resistance lines (Solid, Dotted, Dashed). S/R Line Width: Adjust the thickness of the support and resistance lines. Enable Zones: Toggle the display of zones around each level. Enable High/Low Zones: Toggle the display of zones around the highest and lowest price levels. Zone Width %: Define the width of the zones as a percentage of the price range over the last 300 bars. Expand S/R Lines: Choose whether to extend the lines across the entire chart or limit them to recent data. Using the Indicator Identifying Key Levels: Use the plotted support and resistance levels to identify potential entry and exit points. Pay attention to the zones, as they represent areas where the price is more likely to react. Monitoring Price Interaction: Observe how the price behaves around the support and resistance levels. The automatic removal of lines after two crossings helps focus on active levels. Customizing for Clarity: Adjust the visual settings to match your trading style and improve chart readability. Experiment with the S/R Strength and Zone Width % to fine-tune the indicator to different market conditions. Best Practices Combine with Other Analysis Tools: Use the indicator alongside other technical analysis tools like trend lines, moving averages, and oscillators for a more comprehensive market view. Adjust for Different Timeframes: The indicator works on various timeframes. Adjust the parameters when switching between short-term and long-term charts to maintain effectiveness. Stay Updated with Market Conditions: Market volatility can affect the significance of support and resistance levels. Regularly adjust the S/R Strength parameter to align with current market dynamics. Limitations Not a Standalone Solution: While the indicator provides valuable insights, it should not be used in isolation. Always consider broader market analysis and risk management practices. Historical Data Dependency: The accuracy of the levels depends on the availability of sufficient historical data. Ensure your chart includes enough data for the indicator to perform effectively.
Pine Script® göstergesi
Yakloft tarafından
4
Supply and demandHi all! This is my take on supply/demand. The gist is that it creates a zone if there is a big enough reaction. This is configurable in settings as "Minimum range (ATR factor)" (the Average True Length of length 14) that is the distance that the price must travel and "Reaction bars" that is the maximum number of bars that price must travel this distance. The zones that are shown are the ones that have a retest, break and retest or is unmitigated (untouched). If a zone is mitigated (entered) or broken it is temporarily hidden. For a zone to be created it needs to have this reaction and the previous bar does not. So this script will show you zones that are fresh (unmitigated), retested or broken and retested. This means that the zones that are shown have "proven" that they are good zones through this. Basically it means that the script creates a bunch of zones and then picks the good once. This makes the script have some latency, but will hopefully give you good zones. A zone is completely removed if it's broken twice (it's okay if it's broken once and can still have a retest after it has flipped from previous supply (or resistance) into demand (or support)). Here is a zone (the one that has the lowest opacity) that is broken and retested that could have resulted in a good long trade (the settings are default but has a stop in the beginning of 2024): You have a setting to remove zones that are pierced (broken by price wicks). The following zone is pierced by price (in the beginning of May) that will not be shown after the start of May if you have "Pierced" checked (the indicator has default settings but a stop in the middle of April): You have a trend section. Zones that create a reaction upwards can only be created if the trend is considered to be up, and vice versa. The options here are "SMA50" (the current price needs to be over the Simple Moving Average of length 50) and "SMA50, SMA200" (price needs to be over the Simple Moving Average of length 50 and the Simple Moving Average of length 50 needs to be over the Simple Moving Average of length 200). If these conditions are met the trend is considered to be up, otherwise it's down. You can disable this by choosing "No detection". The zones that are shown also need to be within a limit (of the current price). This limit is 10 (factor of the Average True Range if length 14) by default. Set this to 0 to deactivate. This is useful for not showing zones that are far away from current price and therefore unlikely to be interacted with. You can stop the calculation of zones (through the "Stop" value in the settings). This is useful to see if previous zones were any good. I used it in my testing of the script but left it because it can be nice to have. The zones created by the script have different transparency based upon the zone's interaction. The clearest zones are the ones that are unmitigated, the second clearest ones are the ones having a retest and lastly the zones which are most unclear are the ones having a break and then a retest. You can see the concept of this script to be a mix of supply/demand and support/resistance, having zones being unmitigated (untouched) as the most important but also show the zones having an interaction (in the form of a retest or a break and retest). This is from a previous supply (or resistance) zone that has flipped into demand (or support) and has shown to be a good zone through a retest followed by a rally (default settings): This zone has multiple retest and then rallies that could have given a good long trades (it has the default settings but a "Stop" time at 2022-01-14): TODO: - Create zones based on pivots - Handle overlapping zones - Incorporate volume in the creation and/or interaction with zones - Add alerts - Add ability to set maximum zone width - Add ability to set the maximum number of retest bars - ...? The example for this publication has the default settings bit a "Stop" and a tighter "Limit" of 4. I hope this explanation makes sense, let me know otherwise. Also let me know if you have any suggestions on improvements. Best of trading luck!
Pine Script® göstergesi
mickes tarafından
9
Volume on levels @gauranshgVolume on Levels @gauranshg is a powerful Pine Script designed to visualize trading volume across price levels directly on the chart. This script allows users to observe volume intensity, offering a clearer perspective on price action and potential support/resistance areas. By utilizing a dynamic, customizable multiplier, the volume is normalized and displayed in proportion, ensuring better scalability across various timeframes and assets. Usage: Normalization of Volume: Users can input a multiplier to adjust the normalization of volume. This is useful when analyzing assets with differing price and volume ranges. Input of 1 means 1 Million volume will be marked with green color of opacity 1 and 2 Million as 2 and so on. In case you are looking at chart with very high volume, you might want to increase the multiplies Default multiplier is set to 1, and can be customized for different scales. Volume Visualization: The volume is displayed on the chart as background boxes behind price levels, with the opacity of the boxes changing based on the normalized volume. This helps to quickly visualize areas of high and low trading activity. This script is ideal for investors who wish to enhance their volume analysis by visualizing it directly on price levels in a clear, normalized format.
Pine Script® göstergesi
gauranshg tarafından
DTFX Algo Zones [LuxAlgo]DTFX Algo Zones are auto-generated Fibonacci Retracements based on market structure shifts. These retracement levels are intended to be used as support and resistance levels to look for price to bounce off of to confirm direction. 🔶 USAGE Due to the retracement levels only being generated from identified market structure shifts, the retracements are confined to only draw from areas considered more important due to the technical Break of Structure (BOS) or Change of Character (CHoCH). The simple action that causes a market structure shift occurs is price breaking above or below a specific swing point. When a market structure shift happens, a retracement is drawn from the point of break to the highest or lowest point since that point. Due to the price action necessary for a market structure shift, these retracements will not always be immediately actionable. These retracement levels are intended to be used as points to watch for price to retrace to and bounce from, confirming the current direction of price. In the example below, after the retracement is initiated, by bouncing off of the retracement levels formed from the previous market structure shift it would further confirm the bias of the market structure shift. A break going through these levels would display a weakness from the current market structure shift, implying that it could simply be noise. 🔶 DETAILS The script uses standard SMC Market structure identification to determine Break of Structures (BOS) and Change of Characters (CHoCH). The specific swing points can be identified by the shapes placed above or below the specific swing high/low candle. By unchecking the "Display All Zones" setting, users are able to specify the exact number of retracement zones to display using the "Show Last" parameter. This is handy for cleaning up the chart to stay focused on the most recent retracements. Additionally, when displaying multiple zones, the "Clean-Up Level Overlap" setting may be helpful for decluttering as well. This option optimizes the display of retracement levels to minimize their overlap on other adjacent zones. The script allows for up to 5 Fib levels to be displayed from each zone, with options for display, value, line style, and color for each of the 5. The calculation for Fib Levels changes depending on the direction of market structure shifts. When an upwards (Bullish) zone is generated, the retracement is drawn with the bottom of the zone being 0 and the top of the zone being 1. This is reversed for downwards (Bearish) zones. 🔶 SETTINGS Structure Length: Sets the SMC structure length to use for finding MMS. Show Last: Displays this number of retracement zones. (Display All Zones Must be Unchecked) Display All Zones: Ignores "Show Last" number and displays all historical MMS Retracement Zones. Zone Display: Choose which zones to display, only bearish, only bullish, or both. Clean-Up Level Overlap: Minimizes overlap between adjacent zones and levels. Fib Levels: Settings to display and customize up to 5 Fib levels for each zone.
Pine Script® göstergesi
LuxAlgo tarafından
73
Fixed volume profile & zonesHi all! If you like volume profile and like to create zones, where the price might react, this indicator might be for you. It plots a fixed volume profile and creates a user defined number of zones (shelves) of high volume. If you want to know more about volume profile you can about it here on TradingView: se.tradingview.com To do • Add possiblity to create alerts for zone entries, breakouts and retest • The importance of zones are now based on high volume slots only. It might be changed to include the slots around the 'master slot' to determine if the area is of high importance or not, your suggestions here are welcome! • Show total volume in 'values' • Error if the data cannot be fetched • Add value area • Make earlier (more important shelves) more visible (less transparent) • Add possiblity to skip zones Known issues • Script execution is long when the volume profile is created (should be none) • In some cases you can get overlapping shelves, avoid this Settings • Main • Start/end bar of the volume profile (this is required) • Data • Timeframe (for getting the volume data) • Levels (the number of slots in the volume profile) • Shelves (the number of zones with high volume to plot) and it's color • Max slot (have this enabled if you want the shelf's highest volume slot to have a dotted line and choose it's color • Show info (show the order of the plotted zone) • Style (how the volume profile will look) • Histogram box (the color of the background of the volume profile) • Up (the color of bullish volume) • Down (the color of bearish volume) • Point of control (color and if it should be extended or not) • Values and text color (show bullish and bearish volume values) The defaults on all settings are based on the daily timeframe. This indicator is not 'complete' and I plan to work on it when I get the time. Note that the precision for the volume profile is per candle, so some levels can have visuals as others but lower volume. The slot (level) volume has to have a lower difference to the volume included in the shelf than the next volume to be checked to be included. If the level being checked for inclusion in a shelf is at the end of boundaries (high and low) of the volume profile, the volume has to be higher than the golden ratio of the volume before. You can also use this indicator if you just want a volume profile to show, just set the the number of zones to plot (in 'Shelves') to 0. I hope I haven't forgotten anything and that it's clear, let me know otherwise. Best of trading luck!
Pine Script® göstergesi
mickes tarafından
37
Blockunity Excess Index (BEI)Identify excess zones resulting in market reversals by visualizing price deviations from an average. The Excess Index (BEI) is designed to identify excess zones resulting in reversals, based on price deviations from a moving average. This moving average is fully customizable (type, period to be taken into account, etc.). This indicator also multiplies the moving average with a configurable coefficient, to give dynamic support and resistance levels. Finally, the BEI also provides reversal signals to alert you to any risk of trend change, on any asset. The Idea The goal is to provide the community with a visual and customizable tool for analyzing large price deviations from an average. How to Use Very simple to use, this indicator plots colored zones according to the price's deviation from the moving average. Moving average extensions also provide dynamic support and resistance. Finally, signals alert you to potential reversal points. Elements The Moving Average The Moving Average, which defaults to a gray line over 200 periods, serves as a stable reference point. It is accompanied by an Index, whose color varies from yellow to orange to red, offering an overview of market conditions. Extensions These dynamic lines can be used to determine effective supports and resistances. Signals Green and red triangles serve as clear indicators for buy and sell signals. Settings Mainly, the type of moving average is configurable. The default is an SMA. A Simple Moving Average (SMA) calculates the average of a selected range of prices by the number of periods in that range. But you can also, for example, switch the mode to EMA. The Exponential Moving Average (EMA) is a moving average that places a greater weight and significance on the most recent data points: You also have WMA. A Weighted Moving Average (WMA) gives more weight on recent data and less on past data: And finally, the possibility of having a PCMA. PCMA takes into account the highest and lowest points in the lookback period and divides this by two to obtain an average: You can change other parameters such as lookback periods, as well as the coefficient used to define extension lines. You can refer to the tooltips directly in the indicator parameters. For those who prefer a minimalist display, you can activate a "Bar Color" in the settings (You must also uncheck "Borders" and "Wick" in your Chart Settings), and deactivate all other elements as you wish: Finally, you can customize all the different colors, as well as the parameters of the table that indicates the Index value and the asset trend. How it Works The Index is calculated using the following method: abs_distance = math.abs(close - base_ma) bei = (abs_distance - ta.lowest(abs_distance, lookback_norm)) / (ta.highest(abs_distance, lookback_norm) - ta.lowest(abs_distance, lookback_norm)) * 100 Signals are triggered according to the following conditions: A Long (buy) signal is triggered when the Index falls below 100, when the closing price is lower than 5 periods ago, and when the price is under the moving average. A Short (sell) signal is triggered when the Index falls below 100, when the closing price is greater than 5 periods ago, and when the price is above the moving average.
Pine Script® göstergesi
Blockunity tarafından
2
Donchian MA Bands [LuxAlgo]The Donchian MA Bands script is a complete trend indicator derived from the popular Donchian channel indicator as well as various customizable moving averages to estimate trend direction and build support/resistance levels & zones. 🔶 USAGE The indicator outputs various elements, the main ones being a lower dynamic zone (blue by default), an upper dynamic zone (in orange by default), and one support and resistance level/zones (red/green by default). A prominent lower zone is indicative of an uptrend, while a prominent upper zone is indicative of a downtrend. These zones can be used as support/resistance as well. Support/resistance zones and levels can be used using a breakout methodology or to determine price bounced if a level was tested multiple times. The indicator contains various modes affecting the output of the indicator, described below. 🔹 Clouds Clouds return one upper/lower dynamic zone and look/act similarly to a trailing stop. Price over the lower zone is indicative of an uptrend, and price under the upper zone is indicative of a downtrend. 🔹 Upper Band The upper band mode returns a dynamic zone closer to prices during an uptrend, and farther away during a downtrend. This band can act as a support during uptrends. 🔹 Lower Band The lower band mode returns a dynamic zone closer to prices during an uptrend, and farther away during a downtrend. This band can act as a resistance during downtrends. 🔹 Bands Bands return both upper and lower zones, the zones are more apparent depending on the price trend direction, with uptrends being indicated by a more visible lower zone, and downtrends being indicated by a more visible upper zone. Breakout dots are highlighted when price breakout the indicator displayed extremities, and can be indicative of a confirmed trend reversal. These breakouts can be more effective for trend following during trending markets. Ranging markets might return breakouts highlighting the top/bottom. 🔶 DETAILS The core of this script is the highest / lowest mean average (MA) value for a given number of bars back ( Donchian lines). This is repeated a few times with the obtained values. When Bands are chosen ( Style ) this will be repeated 1 more time. The type of mean average can be customized ( Type MA ), as well as the number of bars back ( Length ). Depending on the choice of bands ( Style ) the script will focus on certain area's of interest. When the option Clouds , Upper band or Lower band is chosen, an extra feature, support/resistance (S/R), will be shown. These color-filled areas are visible when there is a difference between the 2nd and 3rd highest/lowest values. The lines/areas can be used for stop loss, entry, exit,... You can set the type of MA and Length separately ( Settings -> S/R ). If you don't need this feature, simply set Type ( Settings -> S/R ) -> NONE The shape sometimes resembles triangles, indicating a potential direction Default the average of the highest and lowest values is plotted (Style -> Mid Donchian) This can act as potential support/resistance or visualization of the trend, the mean average is not plotted but can be (Style -> MA) 🔹 Note When the option Bands is chosen, an indication is plotted when the closing price breaks above the highest band or breaks below the lower band. This isn't necessarily a buy/sell signal, it is merely a signal that these lines are broken. Users should decide on their own how they use the bands/lines/areas as entry, exit, trailing stop, stop loss, profit taking,... 🔶 SETTINGS 🔹 Bands Style: Clouds (default), Upper band, Lower band, Bands Type MA: choose between SMA, EMA, RMA, HullMA, WMA, VWMA (default), DEMA, TEMA, NONE (off) Length: Length of moving average and Donchian calculations (default 20) Colour Bands 🔹 S/R (Support/Resistance, visible with Clouds, Upper band or Lower band) Type MA: choose between SMA, EMA, RMA, HullMA, WMA, VWMA (default), DEMA, TEMA, NONE (off) Length: Length of moving average and Donchian calculations (default 20) Colour S/R
Pine Script® göstergesi
LuxAlgo tarafından
4
Normal Distribution Asymmetry & Volatility ZonesNormal Distribution Asymmetry & Volatility Zones Indicator provides insights into the skewness of a price distribution and identifies potential volatility zones in the market. The indicator calculates the skewness coefficient, indicating the asymmetry of the price distribution, and combines it with a measure of volatility to define buy and sell zones. The key features of this indicator include : Skewness Calculation : It calculates the skewness coefficient, a statistical measure that reveals whether the price distribution is skewed to the left (negative skewness) or right (positive skewness). Volatility Zones : Based on the skewness and a user-defined volatility threshold, the indicator identifies buy and sell zones where potential price movements may occur. Buy zones are marked when skewness is negative and prices are below a volatility threshold. Sell zones are marked when skewness is positive and prices are above the threshold. Signal Source Selection : Traders can select the source of price data for analysis, allowing flexibility in their trading strategy. Customizable Parameters : Users can adjust the length of the distribution, the volatility threshold, and other parameters to tailor the indicator to their specific trading preferences and market conditions. Visual Signals : Buy and sell zones are visually displayed on the chart, making it easy to identify potential trade opportunities. Background Color : The indicator changes the background color of the chart to highlight significant zones, providing a clear visual cue for traders. By combining skewness analysis and volatility thresholds, this indicator offers traders a unique perspective on potential market movements, helping them make informed trading decisions. Please note that trading involves risks, and this indicator should be used in conjunction with other analysis and risk management techniques.
Pine Script® göstergesi
tkarolak tarafından
3
Support & Resistance PROHi Traders! The Support & Resistance PRO A simple and effective indicator that helped me a bunch! This indicator will chart simple support and resistance zones on 2 time frames of your choice. It uses a 30 day lookback period and will find the last high and low. Each zone is built from the highest/lowest closure, and the highest/lowest wick, creating a liquid zone between the 2. It is perfect for people trading support and resistance, watching key areas, scalping zones and much more! *You can change the time frames you are looking at and the lookback period. *The example in the picture is looking at the Daily and Weekly zones on BTC.
Pine Script® göstergesi
AlexShech tarafından
18
SuperTrend ZoneThe SuperTrend Zone indicator is a tool designed to help traders identify the best zone to enter in a position revisiting the usage of the standard SuperTrend indicator. In the settings you can chose the ATR length and the Factor of the indicator, and in addition to that you can also change the multiplier for the zone width. This indicator provide two different SuperTrend indicator, the first one has the settings that you chose and display the zone, meanwhile the second one has double the parameters you have chosen and can be used to determine the long term trend direction.
Pine Script® göstergesi
OmegaTools tarafından
26
Trend Channels With Liquidity Breaks [ChartPrime]Trend Channels This simple trading indicator is designed to quickly identify and visualize support and resistance channels in any market. The primary purpose of the Trend Channels with Liquidity Breaks indicator is to recognize and visualize the dominant trend in a more intuitive and user-friendly manner. Main Features Automatically identifies and plots channels based on pivot highs and lows Option to extend the channel lines Display breaks of the channels where liquidity is deemed high Inclusion of volume data within the channel bands (optional) Market-friendly and customizable colors and settings for easy visual identification Settings Length: Adjust the length and lookback of the channels Show Last Channel: Only shows the last channel Volume BG: Shade the zones according to the volume detected How to Interpret Trend Channels with Liquidity Breaks indicator uses a combination of pivot highs and pivot lows to create support and resistance zones, helping traders to identify potential breakouts, reversals or continuations of a trend. These support and resistance zones are visualized as upper and lower channel lines, with a dashed center line representing the midpoint of the channel. The indicator also allows you to see the volume data within the channel bands if you choose to enable this functionality. High volume zones can potentially signal strong buying or selling pressure, which may lead to potential breakouts or trend confirmations. To make the channels more market-friendly and visually appealing, Trend Channels indicator also offers customizable colors for upper and lower lines, as well as the possibility to extend the line lengths for further analysis. The indicator displays breaks of key levels in the market with higher volume.
Pine Script® göstergesi
ChartPrime tarafından
57
[DisDev] D-I-Y Gridbot🟩 This script is a “do-it-yourself” Grid Bot Simulator, used for visualizing support and resistance levels. Prices are divided into grids, or trade zones, that will trigger signals each time a new zone is entered. During ranging markets, each transaction is followed by a “take profit.” As the market starts to trend, transactions are stacked (compare to DCA ), until the market consolidates. No signals are triggered above the upper gridline or below the lower gridline. Unlike the previous version, all grids may be adjusted in real-time by dragging the gridlines up and down to the desired support and resistance levels. When adding the indicator to a new chart, you must choose six grid levels by clicking on the desired support or resistance price. You can change all of these levels at any time directly on the chart. ⚡ OVERVIEW ⚡ The D-I-Y Gridbot is an interactive tool designed for visualizing support and resistance levels. As a continuation of the original Gridbot Simulator , which has received significant recognition on TradingView, earning over 4000 boosts and an Editor's Pick status. This tool serves not only as an evolved version of its predecessor, but also as an open-source template for developing future gridbots. It aims to foster discussions and facilitate innovations around grid-trading strategies. One of the new features of this gridbot is the real-time adjustability of all gridlines. Users can move these lines up and down to set their desired support and resistance levels in response to changing market conditions. Additionally, the D-I-Y Gridbot is compatible with multiple timeframes and can be used on most TradingView charts. Drag gridlines up or down to desired price level. Key Features 🔑 All gridlines are adjustable in real-time, directly on the chart Signals can be filtered by a customizable moving average or by VWAP Customizable support and resistance levels Potentially increases profitability in ranging markets Benefits 💸 Customizable Support and Resistance Levels : The D-I-Y Gridbot allows users to set their preferred support and resistance levels, which can be changed at any time directly on the chart. This provides users with the ability to customize their trading parameters based on their strategy and risk tolerance​​. Various Trading Strategies : The D-I-Y Gridbot supports various trading strategies, including Mean Reversion, Ranging Markets, and Dollar-cost averaging (DCA). This allows users to capitalize on price reversals, execute buy and sell orders at predetermined levels, and buy more of an asset as the price falls, respectively​. Multi-Timeframe and Versatility : The D-I-Y Gridbot is compatible with multiple timeframes and can be used on any TradingView chart. Experimental and Educational : The D-I-Y Gridbot is considered a proof-of-concept tool that is both experimental and educational. This can provide traders with a deeper understanding of grid trading strategies and the ability to experiment with different trading parameters and strategies​. ⚙️ CONFIGURATION & SETTINGS ⚙️ Inputs 🔧 Trigger : Candle location to trigger the signal. "Wick" will use either high or low, depending on the signal direction. "Close" will use the close price. “MA” will use the selected moving average or VWAP. Confirmation : Market direction to confirm the candle trigger. "Reverse" will confirm the signal when the price crosses back over the trigger. "Breakout" will confirm when the price breaks out of the trigger. Number of Support/Resistance zones : 1 = Only Top Grid is Support/Only Bottom Grid is Resistance. 2 = Top two grids are Resistance/Bottom two grids are Support. 3 = Top three grids are Resistance/Bottom three grids are Support MA Type : Exponential Moving Average (EMA), Hull Moving Average (HMA), Simple Moving Average (SMA), Triple Exponential Moving Average (TEMA), Volume Weighted Moving Average (VWMA), Volume Weighted Average Price (VWAP) MA Filter : Use Moving Average as a reversion filter for signals. When enabled, no buys when above MA, no sells when below. Use in conjunction with S/R zones to reduce false signals. Allow Repeat Signals . When enabled, signals will reset when nearest gridline is triggered. When disabled, only one signal will be triggered per gridline. Line/Fill colors Gridlines . Adjusts gridline prices manually. Left : Trigger = Wick. Confirm = Breakout. Buys are signaled when LOW breaks below gridline. Sells are triggered when HIGH breaks above gridline. Right : Trigger = Close. Confirm = Breakout. Buys are signaled when the candle CLOSES below the gridline. Sells are triggered when the candle CLOSES above the gridline. Left : Confirm=Breakout. Signals on breaking through the next gridline. Right : Confirm=Reverse. Signals only when crossing back from the gridline. S/R Zones=1. Upper gridline is Resistance / Lower is Support. Middle 4 are neutral. S/R Zones = 3. Upper three gridlines are Resistance / Lower three are Support Notes: If gridlines are dragged out of order on a live chart, they will auto-sort into the correct order. Price levels may be entered in settings, or adjusted in real-time directly on the chart. When changing symbols, remember to adjust the gridlines to accommodate the new symbol. Alerts 🔔 Users can set alerts based on their chosen parameters for triggers, confirmations, number of support/resistance zones, and smoothing type, enabling precise control over alert conditions. 💡 USAGE & STRATEGY 💡 Trading Strategies 📈 Mean Reversion: The script can be used to capitalize on price reversals back to the mean. Ranging Markets: The script excels in ranging markets, executing buy and sell orders at predetermined levels. Dollar-cost averaging (DCA): The script can be used to execute DCA orders, buying more of an asset as the price falls, and lowering the average cost per unit. Timeframes and Symbols ⌚ Multi-Timeframe: The indicator is compatible with multiple timeframes. Versatile: Can be used on any crypto trading pair on TradingView. 🤖 DETAILS & METHODOLOGY 🤖 Algorithm and Calculation 🛡️ Grids are set and adjusted when loading the indicator on the chart and may be customized anytime afterward by clicking and dragging the gridlines on the chart. Gridlines are updated, sorted, and stored in a float array. Signals are calculated based on candle trigger, market direction, and previous price level. 📚 ADDITIONAL RESOURCES 📚 Chart Examples 📊 S/R Zones = 3: Three Support and Three Resistance. Filter = 50-period Triple Exponential Moving Average (TEMA) S/R Zones = 1: One Support, One Resistance, and Four Neutral Zones. Support Zones: Buys only. Resistance Zones: Sells only. Neutral Zones: Grid-dependent When MA filter is enabled, Buys are only triggered below Moving Average, and Sells are only triggered above. Trigger = Wick. Confirmation = Breakout. Buys are signaled when Low breaks above the next grid level. Sells are signaled when High breaks below the next grid level. 🚀 CONCLUSION 🚀 The D-I-Y Gridbot is a proof-of-concept, emphasizing its experimental and educational nature. In future versions, we will aim to incorporate concepts such as auto-adjusting grids and angled grids for trending markets. The script is designed to evolve through user feedback and suggestions, shaping its future iterations. Credit: This is a continuation of the Gridbot series by xxattaxx-DisDev . Explicit permission was granted by user xxattaxx-disdev to re-use all Gridbot code and all materials without restrictions. ⚠️ DISCLAIMER ⚠️ This indicator is a proof-of-concept and is considered experimental and educational. When gridlines are drawn in hindsight, signals appear to be predictive and valid. Future results may always vary when the trend direction changes. Comments and suggestions are encouraged. This indicator is provided as a tool for traders and should not be used as the sole basis for making trading decisions. Always conduct your own research and consider your risk tolerance before entering any trades.
Pine Script® göstergesi
DisDev tarafından
3
Liquidity Zones[Angel Algo]OVERVIEW The "Liquidity Zones" indicator is a tool for traders to identify high and low liquidity areas on a chart. The indicator plots the highest and lowest volume levels within a rolling window of a specified period and calculates the corresponding price levels and zones at which those volumes occurred. The calculated areas represent key support and resistance levels in the market. HOW TO USE Once added, the indicator will plot the high and low liquidity zones on the chart based on the settings. Users can then adjust the indicator inputs to customize its behavior and appearance. Additionally, users can set up trading alerts based on the indicator's signals by clicking the "Create Alert" button in the alert section of the indicator's settings. The bar coloring feature helps users identify trends and sideways market conditions. When this feature is enabled, the bars on the chart are colored based on their position relative to the highest volume levels calculated by the indicator. If a bar's closing price is above the zone, the bar is colored green. If the closing price is below the zone, the bar is colored red. If the closing price is between these two levels, the bar is colored blue. This color-coding makes it easy to quickly identify periods of bullish or bearish momentum in the market. When the bars are mostly green, it suggests that buyers are in control and the market is in an uptrend. Conversely, when the bars are mostly red, it suggests that sellers are in control and the market is in a downtrend. The blue bars, on the other hand, indicate a sideways or consolidating market, where neither buyers nor sellers are clearly in control. These periods can be difficult to trade, as there is often a lack of clear direction in price movements. When the Support/Resistance coloring feature is enabled, the indicator colors the high liquidity zones based on whether the opening and closing prices of the latest candle are above or below the zone. If the opening and closing prices are both above the high liquidity zone, the zone is colored green, indicating potential support. Conversely, if the opening and closing prices are both below the high liquidity zone, the zone is colored red, indicating potential resistance. If the opening and closing prices are inside the high liquidity zone, the zone is colored blue, indicating a neutral zone where price may continue to oscillate. This feature can help traders identify potential areas of support and resistance, and provide insights into market sentiment. The indicator also includes trading alerts based on the position of the price relative to the highest volume zones. If the price goes above the zone, the indicator will trigger a bullish signal. If the price goes below the level, the indicator will trigger a bearish signal. SETTINGS The indicator has several customizable inputs that allow users to tailor its behavior to their preferences. These inputs include: Period: The number of bars over which to calculate the highest and lowest volumes. The default value is 20. Recommended value range 10-500. Bar coloring: Whether to color the bars based on their position relative to the high liquidity zones. The default value is false. Support/Resistance coloring: Whether the high liquidity zone should be colorized depending on whether the price is above or below it. The default value is false. Display high liquidity zones: Whether to display the high liquidity zones on the chart. The default value is true. Display low liquidity levels: Whether to display the low liquidity levels on the chart. The default value is false.
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AngelAlgo tarafından
2
ThiccZonesThis indicator is a formula that includes 4 different zones which are different sizes based on the ticker you decide to use. It was optimized for SPY and other market ETFs but works well for all stocks on the market. The formula puts a zone at the previous day's high and low, and the previous 5 day's high and low. These zones are meant to be used as support and resistance and can even overlap, creating a 'master zone'. This is different than other zone indicators because the formula for these zones is something I created myself and have been unable to find on here. I have had the most success using a 1-15 minute chart and using my zones for reversal areas. I often look for other indications of reversal as well that line up with the area of the zones. It can also be used on the break and retest of these zones. I have found that when a stock breaks one of these zones it will often retest and continue that trend.
Pine Script® göstergesi
ThiccTeddy tarafından
11
Liquidity Swings [LuxAlgo]The liquidity swings indicator highlights swing areas with existent trading activity. The number of times price revisited a swing area is highlighted by a zone delimiting the swing areas. Additionally, the accumulated volume within swing areas is highlighted by labels on the chart. An option to filter out swing areas with volume/counts not reaching a user-set threshold is also included. This indicator by its very nature is not real-time and is meant for descriptive analysis alongside other components of the script. This is normal behavior for scripts detecting pivots as a part of a system and it is important you are aware the pivot labels are not designed to be traded in real-time themselves. 🔶 USAGE The indicator can be used to highlight significant swing areas, these can be accumulation/distribution zones on lower timeframes and might play a role as future support or resistance. Swing levels are also highlighted, when a swing level is broken it is displayed as a dashed line. A broken swing high is a bullish indication, while a broken swing low is a bearish indication. Filtering swing areas by volume allows to only show significant swing areas with an higher degree of liquidity. These swing areas can be wider, highlighting higher volatility, or might have been visited by the price more frequently. 🔶 SETTINGS Pivot Lookback : Lookback period used for the calculation of pivot points. Swing Area : Determine how the swing area is calculated, "Wick Extremity" will use the range from price high to the maximum between price close/open in case of a swing high, and the range from price low to the minimum between price close/open in case of a swing low. "Full Range" will use the full candle range as swing area. Intrabar Precision : Use intrabar data to calculate the accumulated volume within a swing area, this allows obtaining more precise results. Filter Areas By : Determine how swing areas are filtered out, "Count" will filter out swing areas where price visited the area a number of time inferior to the user set threshold. "Volume" will filter out swing areas where the accumulated volume within the area is inferior to the user set threshold. 🔹 Style Swing High : Show swing highs. Swing Low : Show swing lows. Label Size : Size of the labels on the chart. Note that swing points are confirmed after Pivot Lookback bars, as such all elements are displayed retrospectively.
Pine Script® göstergesi
LuxAlgo tarafından
156