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Open Range Breakout Strategy With Multi TakeProfitHello everyone, For a while, I’ve been wanting to develop new scripts, but I couldn’t decide what to create. Eventually, I came up with the idea of coding traditional and well-known trading strategies—while adding modern features such as multi–take profit options. For the first strategy in this series, I chose the Open Range Strategy . For those unfamiliar with it, the Open Range Strategy is a trading approach where you define a specific time period at the beginning of a trading session—such as the first 15 minutes, 30 minutes, or 1 hour—and mark the highest and lowest prices within that range. These levels then act as reference points for potential breakouts: if the price breaks above the range, it may signal a long entry; if it breaks below, it may indicate a short entry. This method is popular among day traders for capturing early momentum in the market. Since this strategy is generally used as an intraday strategy , I added a Trade Session feature. This allows you to define the exact time window during which trades can be opened. Once the session ends, all positions are automatically closed, ensuring trades remain within your chosen intraday period. Even though it’s a relatively simple concept, I’ve come across many different variations of it. That’s why I created a highly customizable project. Under the Session Settings, you can select the time window you want to define as your range. Whether it’s the first 15-minute candle or the entire first hour, the choice is entirely yours. For stop-loss placement, there are two different options: Middle of the Range – The stop loss is placed at the midpoint between the high and low of the defined range, offering a balanced buffer for both bullish and bearish setups. Top/Bottom of the Range – The stop loss is placed just beyond the range’s high for short trades or just below the range’s low for long trades, providing a more conservative risk approach. I’ve always been a big fan of the multi take-profit feature, so I added two different take-profit targets to this project. Take profits are calculated based on a Risk-to-Reward Ratio, which you can adjust in the settings. You can also set different position sizes for each target, allowing you to scale out of trades in a way that suits your strategy. The result is a flexible, user-friendly strategy script that brings together a classic approach with modern risk management tools—ready to be tailored to your trading style
Pine Script® strategy
by Milvetti
ABS NR — Fail-Safe Confirm (v4.2.2) # ABS NR — Fail-Safe Confirm (v4.2.2) ## What it is (quick take) **ABS NR FS** is a **non-repainting “arm → confirm” entry framework** for intraday and swing execution. It blends: * **Regime** (EMA stack + 60-min slope), * **Location** (Keltner basis/edges), * **Stretch** (session-anchored **VWAP Z-score**), * **Momentum gating** (TSI cross/slope), * **Guards** (session window, minimum ATR%, gap filter, optional market alignment). You’ll see a **small dot** when a setup is **armed** (candidate) and a **triangle** when that setup **confirms** within a user-defined number of bars. A **gray “X”** marks a timeout (candidate canceled). > Tip: This entry tool works best when paired with a trend context filter and a dedicated exit tool. --- ## How to use it (operational workflow) 1. **Read the regime** * **Bull trend**: fast > slow > long EMA **and** 60-min slope up. * **Bear trend**: fast < slow < long EMA **and** 60-min slope down. * **Range**: neither bull nor bear. 2. **Wait for a candidate (dot)** Two families: * **Reclaim (trend-following):** price crosses the **KC basis** with acceptable |Z| (not overstretched) and passes the TSI gate. * **Fade (range-revert):** price **pokes a KC band**, prints a **reversal wick**, |Z| is stretched, and TSI gate agrees. 3. **Trade the confirmation (triangle)** The confirm must occur **within N bars** and follow your chosen **Confirm mode** logic (see Inputs). If confirmation doesn’t arrive in time, an **X** cancels the candidate. 4. **Use guards to avoid junk** Session windows (US focus), minimum ATR%, gap guard, and optional **market alignment** (e.g., SPY above EMA20 for longs). 5. **Manage the position** * Entries: take **triangles** in the direction of your playbook (reclaims with trend; fades in clean ranges). * Filters and exits: use your own process or pair with a trend/exit companion. --- ## Visual semantics & alerts * **Candidate L / S (dot)** → a setup armed on this bar. * **CONFIRM L / S (triangle)** → actionable signal that met confirm rules within your time window. * **Cancel L / S (X)** → candidate expired without confirmation; ignore the dot. **Alerts (stable names for automation):** * **ABS FS — Confirmed** → fires on confirmed long or short. * **ABS FS — Candidate Armed** → fires as a candidate arms. --- ## Non-repainting behavior (why signals don’t repaint) * All HTF requests use **lookahead\_off**. * With **Strict NR = true**, the 60-min slope uses the **prior completed** 60-min bar and arming/confirming only occurs on confirmed bars. * Confirmation triangles finalize on bar close. * If you disable strictness, signals may appear slightly earlier but with more intrabar sensitivity. --- ## Inputs reference (what each control does and the trade-offs) ### A) Behavior / Modes **Mode** (`Turbo / Aggressive / Balanced / Conservative`) Changes multiple internal thresholds: * **Turbo** → most signals; relaxes prior-bar break & VWAP-side checks and time/vol/gap guards. Highest frequency, highest noise. * **Aggressive** → more signals than Balanced, fewer than Turbo. * **Balanced** → default; steady trade-off of frequency vs. quality. * **Conservative** → tightens |Z| and other checks; fewest but cleanest signals. **Strict NR (bar close + prior HTF 60m)** * **true** = safer: uses prior 60-min slope; arms/confirms on confirmed bars → **fewer/cleaner** signals. * **false** = earlier and more reactive; slightly noisier. --- ### B) Keltner Channel (location engine) * **KC EMA Length (`kcLen`)** Higher → smoother basis (fewer basis crosses). Lower → snappier basis (more crosses). * **ATR Length (`atrLen`)** Higher → steadier band width; Lower → more reactive band width. * **KC ATR Mult (`kcMult`)** Higher → wider bands (fewer edge pokes → fewer fades). Lower → narrower (more fades). --- ### C) Trend & HTF slope * **Trend EMA Fast/Slow/Long (`emaFastLen / emaSlowLen / emaLongLen`)** Larger = slower regime flips (fewer reclaims); smaller = faster flips (more reclaims). * **HTF EMA Len (60m) (`htfLen`)** Larger = steadier HTF slope (fewer signals); smaller = more sensitive (more signals). --- ### D) VWAP Z-Score (stretch / mean-revert logic) * **VWAP Z-Length (`zLen`)** Window for Z over session-anchored VWAP distance. Larger = smoother |Z| (fewer fades/re-entries). Smaller = more reactive (more). * **Range Fade |Z| (base) (`zFadeBase`)** Minimum |Z| to allow **fades** in ranges. Raise to demand more stretch (fewer fades). Lower to take more fades. * **Max |Z| Trend Re-entry (base) (`maxZTrendBase`)** Caps how stretched price can be and still permit **reclaims** with trend. Lower = stricter (avoid chases). Higher = will chase further. --- ### E) TSI Momentum Gate * **TSI Long/Short/Signal (`tsiLong / tsiShort / tsiSig`)** Larger = smoother/laggier momentum; smaller = snappier. * **TSI gate (`CrossOnly / CrossOrSlope / Off`)** * **CrossOnly**: require TSI cross of its signal (strict). * **CrossOrSlope**: cross *or* favorable slope (balanced default). * **Off**: no momentum gate (most signals, most noise). --- ### F) Guards (filters to avoid low-quality tape) * **US focus 09:35–10:30 & 14:00–15:45 (base) (`useTimeBase`)** `true` limits to high-quality windows. `false` trades all session. * **Skip N bars after 09:30 ET (`skipFirst`)** Skips the open scramble. Larger = skip longer. * **Min volatility ATR% (base)** = `useVolMinBase` + `atrPctMinBase` Requires `ATR(10)/Close*100 ≥ atrPctMinBase`. Raise threshold to avoid dead tape; lower to accept quieter sessions. * **Gap guard (base)** = `gapGuardBase` + `gapMul` Blocks signals when the opening gap exceeds `gapMul * ATR`. Increase `gapMul` to allow more gapped opens; decrease to be stricter. --- ### G) Visuals & Sides * **Plot Keltner (`plotKC`)** → show/hide basis & bands. * **Show Longs / Show Shorts** → enable/disable each side. --- ### H) Fail-Safe Confirmation * **Confirm mode (`BreakHighOnly / BreakHigh+Hold / TwoBarImpulse`)** * **BreakHighOnly**: confirm by taking out the armed bar’s extreme. Fastest, most frequent. * **BreakHigh+Hold**: must **break**, have **body ≥ X·ATR**, **and** hold above/below the basis → higher quality, fewer signals. * **TwoBarImpulse**: decisive follow-through vs. prior bar with **body ≥ X·ATR** → momentum-biased confirmations. * **Confirm within N bars (`confirmBars`)** Confirmation window size. Smaller = faster validation; larger = more patience (can be later). * **Impulse body ≥ X·ATR (`impulseBodyATR`)** Raise for stronger confirmations (fewer weak triangles). Lower to accept lighter pushes. * **Require market alignment (`needMarket`) + `marketTicker`** When enabled: Longs require **market > EMA20 (5m)**; Shorts require **market < EMA20 (5m)**. * **Diagnostics: Show debug letters (`debug`)** Tiny “B/C” audit marks for base/confirm while tuning. --- ## Tuning recipes (quick, practical) * **If you’re getting chopped:** * Set **Mode = Conservative** * **Confirm mode = BreakHigh+Hold** * Raise **impulseBodyATR** (e.g., 0.45) * Keep **needMarket = true** * Keep **Strict NR = true** * **If you need more signals:** * **Mode = Aggressive** (or Turbo if you accept more noise) * **Confirm mode = BreakHighOnly** * Lower **impulseBodyATR** (0.25–0.30) * Increase **confirmBars** to 3 * **Range-day focus (fades):** * Keep session guard on * Raise **zFadeBase** to demand real stretch * Keep **maxZTrendBase** moderate (don’t chase) * **Trend-day focus (reclaims):** * Slightly **lower `maxZTrendBase`** (avoid chasing excessive stretch) * Use **CrossOrSlope** TSI gating * Consider turning **needMarket** on --- ## Best practices & notes * **Instrument specificity:** Tune Z, TSI, and guards per symbol and timeframe. * **Session awareness:** Session filter uses **exchange-local** time; adjust for non-US markets. * **Automation:** Use the two provided alert names; they’re stable. * **Risk management:** Confirmation improves quality but doesn’t remove risk. Always pre-define stop/size logic. --- ## Suggested starting point (balanced profile) * **Mode = balanced** * **Strict NR = true** * **Confirm mode = BreakHigh+Hold** * **confirmBars = 2** * **impulseBodyATR ≈ 0.35** * **needMarket = off** (turn on for extra confluence) * Leave Keltner/TSI defaults; then nudge `zFadeBase` and `maxZTrendBase` to match your symbol. --- *This tool is a signal generator, not a broker or strategy. Validate on your markets/timeframes and integrate with your risk plan.*
Pine Script® indicator
by jensenvilhelm
All-Time High/Low Levels with Dynamic Price Zones📈 All-Time High/Low Levels with Dynamic Price Zones — AlertBlake 🧠 Overview: This powerful indicator automatically identifies and draws the All-Time High (AT.H) and All-Time Low (AT.L) on your chart, providing a clear visual framework for price action analysis. It also calculates and displays the Midpoint (50%), Upper Quartile (75%), and Lower Quartile (25%) levels, creating a dynamic grid that helps traders pinpoint key psychological levels, support/resistance zones, and potential breakout or reversal areas. ✨ Features: Auto-Detection of All-Time High and Low: Tracks the highest and lowest prices in the full visible historical range of the chart. Automatically updates as new highs or lows are created. Dynamic Level Calculation: Midpoint (50%): Halfway between AT.H and AT.L. 25% Level: 25% between AT.L and AT.H. 75% Level: 75% between AT.L and AT.H. Each level is clearly labeled with its corresponding value. Labels are positioned to the right of the price for easy reading. Color-Coded Lines (customizable)
Pine Script® indicator
by AlertBlake
1
Queso Heat IndexQueso Heat Index (QHI) — ATR-Adaptive Edge-Pressure Gauge QHI measures how strongly price is pressing the edges of a rolling consolidation window. It heats up when price repeatedly pushes the window up , cools down when it pushes down , and drifts back toward neutral when price wanders in the middle. Everything is ATR-normalized so it adapts across symbols and timeframes. Output: a signed score from −100 … +100 > 0 = bullish pressure (hot) < 0 = bearish pressure (cold) ≈ 0 = neutral (no side dominating) What you’ll see on the chart Rolling “box” (Donchian window): top, bottom, and midline. Optional compact-box shading when the window height is small relative to ATR. Background “thermals”: tinted red when Heat > Hot threshold, blue when Heat < Cold threshold (intensity scales with the score). Optional Heat line (−100..+100), optional 0/±80 thresholds, and optional push markers (PU/PD). Optional table showing the current Heat score, placeable in any corner. How it works (under the hood) Consolidation window — Over lookback bars we track highest high (top), lowest low (bottom), and midpoint. The window is called “compact” when box height ≤ ATR × maxRangeATR . ATR-based push detection — A bar is a push-up if high > prior window high + (epsATR × ATR + tick buffer) . A push-down if low < prior window low − (epsATR × ATR + tick buffer) . We also measure how many ATRs beyond the edge the bar traveled. Heat gains (symmetric) — Each push adds/subtracts Heat: base gain + streak bonus × consecutive pushes + magnitude bonus × ATRs beyond edge . Decay toward neutral — Each bar, Heat decays by a percentage. Decay is: – higher in the middle band of the box, and – adaptive : the farther (in ATRs) from the relevant band (top when hot, bottom when cold), the faster it decays; hugging the band slows decay. Midpoint bias (optional) — Gentle drift toward hot when trading above mid, toward cold when below mid, with a dead-zone near mid so tiny wobbles don’t matter. Reset on regime flip (optional) — First valid push from the opposite side can snap Heat back to 0 before applying new gains. How to read it Rising hot with slow decay → strong upside pressure; pullbacks that hold near the top band often continue. Flip to cold after being hot → regime change risk; tighten risk or consider the other side. Compact window + rising hot (or cold) → squeeze-and-go conditions. Neutral (≈ 0) → edges aren’t being pressured; expect mean-reversion inside the box. Key inputs (what they do) Window & ATR lookback : size of the Donchian window (longer = smoother, slower). atrLen : ATR period for all volatility-scaled thresholds. maxRangeATR : defines “compact” windows for optional shading. topBottomFrac : how thick the top/bottom bands are (used for decay/pressure logic). Push detection (ATR-based) epsATR : how many ATRs beyond the prior edge to count as a real push. tickBuff : fixed extra ticks beyond the ATR epsilon (filters micro-breaches). Heat gains gainBase : main fuel per push. gainPerStreak : rewards consecutive pushes. gainPer1ATRBrk : adds more for stronger breakouts past the edge. resetOppSide : snap back to 0 on the first opposite-side push. Decay decayPct : baseline % removed each bar. decayAccelMid : multiplies decay when price is in the middle band. adaptiveDecay , decayMinMult , decayPerATR , decayMaxMult : scale decay with ATR distance from the nearest “target” band (top if hot, bottom if cold). Midpoint bias useMidBias : enable/disable drift above/below midpoint. midDeadFrac : width of neutral (no-drift) zone around mid. midBiasPerBar : max drift per bar at the box edge. Visuals (all default to OFF for a clean chart) Plot Heat line + Show 0/±80 lines (only shows thresholds if Heat line is on). Hot/Cold thresholds & transparency floors for background shading. Push markers (PU/PD). Heat score table : toggle on; choose any corner. Tuning quick-starts Daily trending equities : lookback 40–60; epsATR 0.10–0.25; gainBase 12–18; gainPerStreak 0.5–1.5; gainPer1ATRBrk 1–2; decayPct 3–6; adaptiveDecay ON (decayPerATR 0.5–0.8). Intraday / noisy : raise epsATR and tickBuff to filter noise; keep decayPct modest so Heat can build. Weekly swing : longer lookback/atrLen; slightly lower decayPct so regimes persist. Alerts (included) New window HIGH (push-up) New window LOW (push-down) Heat turned HOT (crosses above your Hot threshold) Heat turned COLD (crosses below your Cold threshold) Best practices & notes Use QHI as a pressure gauge , not a standalone system—combine with your entry/exit plan and risk rules. On thin symbols, increase epsATR and/or tickBuff to avoid spurious pushes. Gap days can register large pushes; ATR scaling helps but consider context. Want the Heat in a separate pane? Use the companion panel version; keep this overlay for background/box visuals. Pine v6. Warm-up: values appear as soon as one bar of window history exists. TL;DR QHI quantifies how hard price is leaning on a consolidation edge. It’s ATR-adaptive, streak- and magnitude-aware, and cools off intelligently when momentum fades. Watch for thermals (background), the score (−100..+100), and fresh push alerts to time entries in the direction of pressure.
Pine Script® indicator
by QuesoTrades
Spread Mean Reversion Strategy [SciQua]╭───────────────────────────────────────╮ ‎ ‎‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ Spread Mean Reversion Strategy ╰───────────────────────────────────────╯ This invite-only futures spread strategy applies a statistical mean reversion framework, executing limit orders exclusively at calculated Z-score thresholds for precise, rules-based entries and exits. It is designed for CME-style spreads and synthetic instruments with well-defined reversion tendencies. ╭────────────╮ ‎ ‎‎ ‎ ‎ ‎ ‎ ‎ Core Concept ╰────────────╯ The strategy calculates a rolling mean and standard deviation of a chosen spread or synthetic price series, then computes the Z-score to measure deviation from the mean in standard deviation units. Long entries trigger when Z crosses upward through a negative entry threshold (`-devEnter`). A buy limit is placed exactly at the price corresponding to that Z-score, optionally offset by a configurable tick amount. Short entries trigger when Z crosses downward through a positive entry threshold (`+devEnter`). A sell limit is placed at the corresponding threshold price, also with optional offset. Exits use the same threshold method, with an independent `Close Limit Offset` to fine-tune exit placement. ╭────────────╮ ‎ ‎ ‎ ‎ ‎ ‎‎ ‎ Key Features ╰────────────╯ Persistence filter – Requires the Z-score to remain beyond threshold for a configurable number of bars before entry. Cooldown after exits – Prevents immediate re-entry to reduce over-trading. Daily and weekend flattening – Force-flattens positions via limit orders before exchange maintenance breaks and weekend closes. Auto-rollover detection with persistence – Detects when the second contract month’s daily volume exceeds the first for a set number of days, then blocks new entries (optional). Configurable tick offsets – Independently adjust entry and exit levels relative to threshold prices. Minimum spread width filter – Blocks trades when long/short entry thresholds are too close together. Contract multiplier override – Allows correct sizing for synthetic symbols where `syminfo.pointvalue` is incorrect or missing. Limit-only execution – All entries, exits, and forced-flat actions are executed with limit orders for price control. ╭────────────────────╮ ‎ ‎‎ ‎‎ ‎ ‎ ‎ ‎ ‎ ‎ Entry Blocking Rules ╰────────────────────╯ New trades are blocked: During daily maintenance break pre-windows During weekend close pre-windows After rollover triggers, if `Block After Roll` is enabled ╭────────────────────────╮ ‎ ‎‎ ‎‎ ‎‎ ‎ ‎ ‎ ‎ ‎ Intended Markets & Usage ╰────────────────────────╯ Built for futures spreads and synthetic instruments , including calendar spreads. Performs best in markets with clear seasonal or statistical mean-reverting tendencies. Not designed for strongly trending, non-reverting markets. ╭──────────────────────────╮ ‎ ‎‎ ‎ ‎ ‎ ‎‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ Risk Management & Defaults ╰──────────────────────────╯ Fixed default position size of 1 contract (qty calc function available for customization). Realistic commission and slippage assumptions pre-set. Pyramiding disabled by default. Default Z-score levels: Entry at ±2.0, Exit at ±0.5. Separate tick offset controls for entries and exits. Note: This strategy is for research and backtesting purposes only. Past performance does not guarantee future results. All use is subject to explicit written permission from the author.
Pine Script® strategy
by JoshuaDanford
1
ATH & ATL Distances PROIndicator Description: ATH & ATL Distances PROThis Pine Script indicator, built on version 6, helps traders visualize and monitor the percentage distances from the current closing price to the rolling All-Time High (ATH) and All-Time Low (ATL) over customizable lookback periods. It's designed for overlay on your TradingView charts, providing a clear table display and optional horizontal lines with labels for quick reference. This tool is ideal for assessing market pullbacks, rallies, or potential reversal points based on recent price extremes. Key Features: Customizable Lookbacks: Three adjustable periods (default: 50, 150, 250 bars) to calculate short-, medium-, and long-term highs/lows. Percentage Distances: Shows how far the current price is from ATH (negative percentage if below) and ATL (positive if above). Visual Aids: Optional dashed lines for ATH/ATL levels extending a set number of bars, with grouped labels to avoid clutter if levels overlap. Info Table: A persistent table summarizing lookbacks, distances, and prices, with color-coded cells for easy reading (red for ATH/dist to top, green for ATL/dist to bottom). User Controls: Toggle rows, lines, table position, and colors via inputs for a personalized experience. How It Works (Logic Explained): The script uses TradingView's built-in functions like ta.highest() and ta.lowest() to find the highest high and lowest low within each lookback period (capped at available bars to handle early chart data). It then computes:Distance to ATH: ((close - ATH) / ATH) * 100 – Negative values indicate the price is below the high. Distance to ATL: ((close - ATL) / ATL) * 100 – Positive values show the price is above the low. Unique ATH/ATL prices across lookbacks are grouped into arrays to prevent duplicate lines/labels; if prices match, labels concatenate details (e.g., "50 Bars HH 150 Bars HH"). Drawings (lines and labels) are efficiently managed by redrawing only on the latest bar to optimize performance. The table updates in real-time on every bar close.How to Use:Add the indicator to your chart via TradingView's "Indicators" menu (search for "ATH & ATL Distances PRO"). Customize inputs: Adjust lookback periods (1-1000 bars) for your timeframe (e.g., shorter for intraday, longer for daily/weekly). Enable/disable lines, rows, or change colors/table position to suit your setup. Interpret the table: "DIST. TO TOP" (red): Percentage drop needed to reach ATH – useful for spotting overbought conditions. "DIST. TO BOT." (green): Percentage rise from ATL – helpful for identifying support levels. If lines are enabled, hover over labels for details on which lookbacks share the level. Best on any symbol/timeframe; combine with other indicators like RSI or moving averages for confluence. This script is open-source and free to use/modify. No external dependencies – it runs natively on TradingView. Feedback welcome; if you find it useful, a like or comment helps!
Pine Script® indicator
by IQ-TRADER
Dynamic Trend Bands (DTB)Description: Dynamic Trend Bands (DTB) is a volatility-based range filter combined with multiple trend confirmation tools to detect and visualize market direction and possible reversals. Features: Range Filter: Identifies potential highs/lows and filters out market noise. Trend Strength: Integrated ADX to validate trend momentum. VIDYA Bands + ATR: Detects breakout conditions using variable adaptive moving averages and volatility bands. EMA 200 Filter: Determines long-term trend direction. Auto Buy/Sell Labels: Generates clear entry and exit signals. Alerts: Ready-to-use alert conditions for automated notifications. Recommended Use: Timeframe: 4H (works on other timeframes as well) Markets: BTC, ETH, major altcoins, and traditional assets. Advantages: Combines short-term and long-term trend detection. Filters out false signals in choppy markets. Visual and alert-based trade setups for easier execution. //@version=6 // ───────────────────────────────────────────────────────────────────────────── // Title: Dynamic Trend Bands (DTB) + Auto Buy/Sell + EMA 200 + ADX + VIDYA // // Description: // Dynamic Trend Bands (DTB) is a volatility-based range filter combined with // multiple trend confirmation tools to detect and visualize market direction // and possible reversals. // // Features: // - Range Filter: Identifies potential highs/lows and filters out market noise. // - Trend Strength: Integrated ADX to validate trend momentum. // - VIDYA Bands + ATR: Detects breakout conditions using variable adaptive moving averages and volatility bands. // - EMA 200 Filter: Determines long-term trend direction. // - Auto Buy/Sell Labels: Generates clear entry and exit signals. // - Alerts: Ready-to-use alert conditions for automated notifications. // // Recommended Use: // - Timeframe: 4H (works on other timeframes as well) // - Markets: BTC, ETH, major altcoins, and traditional assets. // // Advantages: // - Combines short-term and long-term trend detection. // - Filters out false signals in choppy markets. // - Visual and alert-based trade setups for easier execution. // ───────────────────────────────────────────
Pine Script® indicator
by LPLPLPandco2
Enhanced 4H Candle Countdown & High/Low IndicatorBy profitgang This Pine Script indicator provides real-time tracking of 4-hour timeframe levels with an integrated countdown timer, designed to help traders monitor key support and resistance zones. Key Features 📊 Visual Elements 4H High/Low Lines: Clear visualization of previous 4-hour candle high and low levels Range Fill: Subtle background fill between high and low for better context Mid-Level Line: Shows the middle point of the 4H range Position Indicator: Visual cue showing current price position within the range ⏰ Countdown Timer Real-time countdown to next 4H candle close Customizable table position (9 different locations) Adjustable text size (6 size options from Tiny to Huge) Distance calculations showing percentage distance from key levels 🎯 Signal Generation Long signals when price crosses above 4H low Short signals when price crosses below 4H high RSI confluence filter to reduce false signals Background highlighting for active signals TradingView alerts compatible ⚙️ Customization Options Toggle all features on/off independently Custom colors for all elements Table positioning (top/middle/bottom + left/center/right) Text size selection for optimal readability Alert notifications for level breaks and updates How It Works The indicator fetches the previous 4-hour candle's high and low values and displays them as horizontal lines on your current timeframe chart. It continuously calculates the time remaining until the current 4H candle closes and presents this information in a clean, customizable table. Use Cases Swing Trading: Identify key 4H support and resistance levels Intraday Trading: Monitor when new 4H levels will be established Risk Management: Calculate distance from key levels for position sizing Multi-timeframe Analysis: Combine with lower timeframe setups Educational Purpose This indicator is designed for educational and analytical purposes to help traders understand price action relative to higher timeframe levels. It provides clear visual feedback about market structure and timing. Settings Groups Display Settings: Toggle features, positioning, and sizing Colors: Customize all visual elements Signal Settings: Configure alert conditions and confluence filters Compatibility Works on all timeframes (recommended for 1m to 1H charts) Compatible with all instruments Includes proper alert functionality for automated notifications Optimized for both light and dark themes This indicator does not provide financial advice. Always conduct your own research and risk management before making trading decisions.
Pine Script® indicator
by profitgang
ALMA & UT Bot Confluence StrategyALMA & UT Bot Confluence Strategy This is a comprehensive trend-following and momentum strategy designed to identify high-probability trade setups by combining multiple layers of confirmation. It is built around an ALMA (Arnaud Legoux Moving Average) and a long-term EMA, and then enhances signal quality with the popular UT Bot indicator, a Volume Filter, and an adaptive hold mechanism. The primary goal of this strategy is to filter out market noise, avoid low liquidity traps, and provide more robust and selective trading logic by adapting its timing to changing market volatility. Key Features and How It Works This strategy is not a simple crossover system. An entry signal is generated by the confluence of only a few conditions: Underlying Trend and Signal Engine: ALMA (Arnaud Legoux Moving Average): Provides a responsive, low-latency signal line for entries. EMA (Exponential Moving Average): A longer-term EMA acts as a primary trend filter, ensuring trades are executed only in line with the overall market trend. Confirmation Layer: UT Bot Confirmation: A trade is considered valid only when the UT Bot indicator provides a relevant buy or sell signal. This acts as a strong secondary confirmation, reducing false entries. Advanced Filters for Signal Quality: Volume Filter: This is an important safety mechanism that prevents trades from being executed in low-volume, illiquid markets where price action can be erratic and unreliable. Momentum Filter (ADX and RSI): The strategy uses the ADX to check for sufficient market momentum and the RSI to ensure it doesn't enter overbought/oversold zones. Volatility Filter (Bollinger Bands): This helps prevent entries when the price deviates too far from its average, preventing "buying at the top" or "selling at the bottom." Adaptive Timing (Dynamic Cool-Down): Instead of a fixed waiting period between trades, this strategy uses a dynamic cooling-down period based on the ATR. It automatically waits longer during periods of high volatility (to prevent volatility) and becomes more responsive in calmer markets. How to Use This Strategy: Long Entry (BUY): When all bullish conditions align, a green "BUY" triangle appears below the price. Short Entry (SELL): When all bearish conditions align, a red "SELL" triangle appears above the price. Trend Visualization: The chart background is color-coded according to UT Bot's trend direction (Green for an uptrend, Red for a downtrend), allowing for at-a-glance market analysis. Double Exit Strategy Options You have full control over how you exit trades: Classic SL/TP: Use a standard Stop-Loss and Take-Profit order based on ATR (Average True Range) multipliers. UT Bot Trailing Stop (Recommended): A dynamic exit mechanism that follows the price allows your winning trades to catch up to larger trends while protecting your profits. Disclaimer This script is for educational purposes only and should not be construed as financial advice. Past performance is not indicative of future results. All trades involve risk. Before risking any capital, we strongly recommend extensively backtesting this strategy across your preferred assets and timeframes to understand its behavior and find settings that suit your personal trading style. The author recommends using this strategy with Heikin-Ashi candlesticks. Using this method will significantly increase the strategy's trading success rate and profitability in backtests. You should change the settings according to your preferred chart time range. You can find the best value for you by observing the value changes you make on the chart.
Pine Script® strategy
by blntdmn
Advanced VWAP Multi-MA System with Bollinger Bands & Dashboard📊 Key Features: Core Functionality: * VWAP Calculation with customizable anchor periods (Session/Week/Month/Quarter/Year) * Multiple Moving Average Types (EMA, SMA, WMA, HMA, RMA, VWMA) * Three MA Lengths (Fast: 9, Medium: 21, Slow: 50) * Standard Deviation Bands with 3 levels (1σ, 2σ, 3σ) * Dynamic band multipliers (adjustable from 0.5 to 5.0) 🎨 Visual Theme System: * Theme Types: Dark, Light, Pro * Visual Styles: Quantum, Holographic, Crystalline, Plasma, Nebula * Visual Intensity Control (20-100%) * Multi-layer Harmonic Nodes with gradient effects * Energy Flow Lines based on momentum * Minimal signal dots for buy/sell conditions 📈 Holographic Dashboard: * Real-time VWAP position tracking * MA trend analysis (Bullish/Bearish/Neutral) * Band position indicator (±1σ, ±2σ, ±3σ) * Volatility percentage * Momentum direction * Current visual theme display ✨ Visual Effects: * Quantum Fields: Multi-layer boxes with dynamic transparency * Energy Flow: Momentum-based directional lines * Gradient Fills: Between bands and MAs * Borderless Design: Clean, modern appearance * Emoji Headers: Enhanced visual appeal (⚡ 🌌 📊 🔮) 🎯 Trading Signals: * Bullish Signal: Close > VWAP AND Close > Fast MA AND Fast MA > Medium MA * Bearish Signal: Close < VWAP AND Close < Fast MA AND Fast MA < Medium MA
Pine Script® indicator
by PineProfits
Previous Day High/Low Levels [OWI]📘 How to Use the “Previous Day High/Low Levels ” Indicator This TradingView indicator automatically tracks and displays the previous day's high and low during the Regular Trading Hours (RTH) session. It’s perfect for traders who want to visualize key support/resistance levels from the prior day in futures like CME_MINI:NQ1! and COMEX:GC1! . 🛠 Setup Instructions 1. Customize RTH Session Times - In the Settings panel, adjust the following under the Levels group: - RTH Start Hour and RTH Start Minute: Default is 9:30 AM (New York time). - RTH End Hour and RTH End Minute: Default is 4:15 PM. - These define the active trading session used to calculate the day’s high and low. 2. Toggle Labels - Use the Show PDH/PDL Labels checkbox to display or hide the “PDH” and “PDL” labels on the chart. - Labels appear after the session ends and follow price dynamically. 📊 What the Indicator Does - During the RTH session: - Tracks the highest and lowest price of the day. - After the session ends: - Draws horizontal lines at the previous day’s high (green) and low (red). - Optionally displays labels ("PDH" and "PDL") at those levels. - Lines extend into the current day to help identify potential support/resistance zones. ✅ Best Practices - Use this indicator on intraday timeframes (e.g., 5m, 15m, 1h) for best results. - Combine with volume or price action analysis to confirm reactions at PDH/PDL levels. - Adjust session times if trading non-US markets or custom hours.
Pine Script® indicator
by onewayinvestment_hk
OPR — DAX or USEnglish This indicator automatically plots the Opening Price Range (OPR) for different indices, with customizable start and end times for each instrument. For the DAX, it draws the high (green), low (red), and midline (grey dotted) for the specified range, defaulting to 09:00–09:15, and extends the lines until the selected end time (default 11:00). For US indices (Dow Jones, Nasdaq, S&P500), it applies the same logic for the default 15:30–15:45 range, with two vertical black bars marking the start and end of the time window. Each symbol only displays its own relevant lines (e.g., viewing DAX will only show DAX markers). Parameters allow adjusting times and visibility for each market.
Pine Script® indicator
by Nico746
Two Dot Closed 5ma VarianceThe concept behind this indicator is I have worked with a 5 simple moving average for a very long time. More significantly I changed the mode of the ma from a line to a DOT format. While price action moves upward the 5 MA stretches its values between bars, doing the same as it moves down. This becomes so much more obvious in DOT format. It is the turning points of direction where the variance between the DOTS of the 5 MA closes. Flattening the DOTS! I created this indicator for XAUUSD 30 minute chart. Do with as you see fit. The indicator has a function that you can assign a MAX and MIN variance of the 5 MA right down to 0.10 cents. If closing value of 5 MA is within your set amount an ALERT is given. The actual variance is given in the leading flag and is of the prior 2 closed values.
Pine Script® indicator
by TraderAl1963