Options Scalper v2 - SPY/QQQHere's a comprehensive description of the Options Scalper v2 strategy:
---
## Options Scalper v2 - SPY/QQQ
### Overview
A multi-indicator confluence-based scalping strategy designed for trading SPY and QQQ options on short timeframes (1-5 minute charts). The strategy uses a scoring system to generate high-probability CALL and PUT signals by requiring alignment across multiple technical indicators before triggering entries.
---
### Core Logic
The strategy operates on a **scoring system (0-9 points)** where both bullish (CALL) and bearish (PUT) conditions are evaluated independently. A signal only fires when:
1. A recent EMA crossover occurred (within the last 3 bars)
2. The direction's score meets the minimum threshold (default: 4 points)
3. The signal's score is higher than the opposite direction
4. Enough bars have passed since the last signal (cooldown period)
5. Price action occurs during valid trading sessions
---
### Indicators Used
| Indicator | Purpose | CALL Condition | PUT Condition |
|-----------|---------|----------------|---------------|
| **9/21 EMA Cross** | Primary trigger | Fast EMA crosses above slow | Fast EMA crosses below slow |
| **200 EMA** | Trend filter | Price above 200 EMA | Price below 200 EMA |
| **RSI (14)** | Momentum filter | RSI between 45-65 | RSI between 35-55 |
| **VWAP** | Institutional level | Price above VWAP | Price below VWAP |
| **MACD (12,26,9)** | Momentum confirmation | MACD line > Signal line | MACD line < Signal line |
| **Stochastic (14,3)** | Overbought/Oversold | Oversold or K > D | Overbought or K < D |
| **Volume** | Participation confirmation | Spike on green candle | Spike on red candle |
| **Price Structure** | Breakout detection | Higher high formed | Lower low formed |
---
### Scoring Breakdown
**CALL Score (Max 9 points):**
- Recent EMA cross up: +2 pts
- EMA alignment (fast > slow): +1 pt
- RSI in bullish range: +1 pt
- Above VWAP: +1 pt
- MACD bullish: +1 pt
- Volume spike on green candle: +1 pt
- Stochastic setup: +1 pt
- Above 200 EMA: +1 pt
- Breaking higher high: +1 pt
**PUT Score (Max 9 points):**
- Recent EMA cross down: +2 pts
- EMA alignment (fast < slow): +1 pt
- RSI in bearish range: +1 pt
- Below VWAP: +1 pt
- MACD bearish: +1 pt
- Volume spike on red candle: +1 pt
- Stochastic setup: +1 pt
- Below 200 EMA: +1 pt
- Breaking lower low: +1 pt
---
### Risk Management
The strategy uses **ATR-based dynamic stops and targets**:
| Parameter | Default | Description |
|-----------|---------|-------------|
| Stop Loss | 1.5x ATR | Distance below entry for longs, above for shorts |
| Take Profit | 2.0x ATR | Creates a 1:1.33 risk-reward ratio |
Positions are also closed on:
- Opposite direction signal (flip trade)
- Take profit or stop loss hit
---
### Session Filtering
Trades are restricted to high-liquidity periods by default:
- **Morning Session:** 9:30 AM - 11:00 AM EST
- **Afternoon Session:** 2:30 PM - 3:55 PM EST
This avoids choppy midday price action and captures the highest volume periods.
---
### Input Parameters
| Parameter | Default | Description |
|-----------|---------|-------------|
| Fast EMA | 9 | Fast moving average period |
| Slow EMA | 21 | Slow moving average period |
| Trend EMA | 200 | Long-term trend filter |
| RSI Length | 14 | RSI calculation period |
| RSI Overbought | 65 | Upper RSI threshold |
| RSI Oversold | 35 | Lower RSI threshold |
| Volume Multiplier | 1.2x | Volume spike detection threshold |
| Min Signal Strength | 4 | Minimum score required to trigger |
| Crossover Lookback | 3 | Bars to consider crossover "recent" |
| Min Bars Between Signals | 5 | Cooldown period between signals |
---
### Visual Elements
**Chart Plots:**
- Green line: 9 EMA (fast)
- Red line: 21 EMA (slow)
- Gray line: 200 EMA (trend)
- Purple dots: VWAP
**Signal Markers:**
- Green triangle up + "CALL" label: Buy call signal
- Red triangle down + "PUT" label: Buy put signal
- Small circles: EMA crossover reference points
**Info Table (Top Right):**
- Real-time CALL and PUT scores
- RSI, MACD, Stochastic values
- VWAP and 200 EMA position
- Recent crossover status
- Current signal state
---
### Alerts
| Alert Name | Trigger |
|------------|---------|
| CALL Entry | Standard call signal fires |
| PUT Entry | Standard put signal fires |
| Strong CALL | Call signal with score ≥ 6 |
| Strong PUT | Put signal with score ≥ 6 |
---
### Recommended Usage
| Setting | 0DTE Scalping | Intraday Swings |
|---------|---------------|-----------------|
| Timeframe | 1-2 min | 5 min |
| Min Signal Strength | 5-6 | 4 |
| ATR Stop Mult | 1.0 | 1.5 |
| ATR TP Mult | 1.5 | 2.0 |
| Option Delta | 0.40-0.50 | 0.30-0.40 |
---
### Key Improvements Over v1
1. **Requires actual crossover** - Eliminates false signals from simple trend continuation
2. **Balanced scoring** - Both directions evaluated equally, highest score wins
3. **Signal cooldown** - Prevents overtrading with minimum bar spacing
4. **Multi-indicator confluence** - 8 factors must align for signal generation
5. **Volume-candle alignment** - Volume spikes only count when matching candle direction
---
### Disclaimer
This strategy is for educational purposes. Backtest thoroughly before live trading. Options trading involves significant risk of loss. Past performance does not guarantee future results.
Bill Williams Indicators
Madrid Ribbon with ST/TEMA FilterHow the Combination Works
The script is combined by:
Porting to Pine Script v6: The Madrid Ribbon code was updated from v4 to v6 syntax (mainly changing study() to indicator(), change() to ta.change(), and using ta. prefixes for built-in functions like ema and sma).
Integrating SuperTrend Logic: The full calculation for the Zero-lag TEMA filtered SuperTrend's final_trend was copied into the combined script. This logic determines if the market is in a confirmed 1 (Uptrend) or -1 (Downtrend) based on the combined signal of the TEMA cross and the SuperTrend.
Filtering the Ribbon Color: The Madrid Ribbon's custom coloring function, maColor, was modified to include the final_trend as a filter:
If i_st_enabled is true, the original Madrid Ribbon color (LIME/GREEN for bullish, RUBI/MAROON for bearish) is only displayed if the final_trend confirms that direction.
If the final_trend is neutral or contradicts the ribbon's direction, the MA is colored GRAY.
Input Simplification: The numerous input options for the SuperTrend's source and MA type were simplified to use close and EMA by default to avoid excessive complexity, but the main parameters like TEMA periods, ATR Multiplier, and MA length were kept as inputs.
This results in a Madrid Ribbon that only shows its standard color signals when the longer-term, double-filtered SuperTrend confirms the same trend.
Hourly Trend Open LineTradingView Indicator Publishing Prompt
Indicator Name: Hourly Trend Open Line
Short Title: HRLY OPEN
Type: Indicator
Source Code Language: Pine Script v6
Description and Key Features
Title: The Simplest Trend Filter: Hourly Trend Open Line (HRLY OPEN) 📈📉
Body:
Are you tired of complex indicators that clutter your chart? The Hourly Trend Open Line is a minimalist, powerful tool designed for traders who prioritize clean charts and high-timeframe trend conviction.
This indicator cuts through the noise by displaying the Open Price of the selected Trend Timeframe (defaults to the 1-Hour / 60-Minute chart) directly on your current chart.
Key Features:
High-Timeframe Trend Filter: Immediately identifies the direction of the dominant trend by comparing the current price to the open of the selected higher timeframe candle.
Visual Bias (Background Coloring):
Bullish Trend (Green Background): Current price is above the Trend Open Line.
Bearish Trend (Red Background): Current price is below the Trend Open Line.
Dynamic Reference Point: The Trend Open Line acts as a powerful mean-reversion level, serving as a dynamic support/resistance zone for lower timeframe entries.
Full Customization: Easily change the Trend Timeframe (e.g., to 4H, Daily, or 30m) and customize all colors for the line and the background zones.
How to Use It:
For Trend Following: Only look for Long entries when the background is Green (price above the line) and Short entries when the background is Red (price below the line).
For Mean Reversion: Use the Trend Open Line as a potential target or bounce zone. A retracement back to the line offers a potential continuation trade entry.
Keep your analysis focused and your decision-making fast. Add the Hourly Trend Open Line to your chart today!
TradingView Settings
Category: Trend / Trend Following
Style: Simple
Tags: trend-filter, hourly-open, open-price, support-resistance, mean-reversion, high-timeframe
Visibility: Public
🎨 Recommended Diagram Trigger
You should also include a clear visual demonstrating its function.
Hourly Trend Open LineHere is a detailed, ready-to-use prompt for publishing your final simplified indicator, the **"Hourly Trend Open Line,"** on TradingView.
## 🚀 TradingView Indicator Publishing Prompt
**Indicator Name:** Hourly Trend Open Line
**Short Title:** HRLY OPEN
**Type:** Indicator
**Source Code Language:** Pine Script v6
---
### Description and Key Features
**Title:** **The Simplest Trend Filter: Hourly Trend Open Line (HRLY OPEN)** 📈📉
**Body:**
Are you tired of complex indicators that clutter your chart? The **Hourly Trend Open Line** is a minimalist, powerful tool designed for traders who prioritize **clean charts** and **high-timeframe trend conviction**.
This indicator cuts through the noise by displaying the **Open Price** of the selected Trend Timeframe (defaults to the 1-Hour / 60-Minute chart) directly on your current chart.
#### Key Features:
1. **High-Timeframe Trend Filter:** Immediately identifies the direction of the dominant trend by comparing the current price to the open of the selected higher timeframe candle.
2. **Visual Bias (Background Coloring):**
* **Bullish Trend (Green Background):** Current price is **above** the Trend Open Line.
* **Bearish Trend (Red Background):** Current price is **below** the Trend Open Line.
3. **Dynamic Reference Point:** The Trend Open Line acts as a powerful mean-reversion level, serving as a dynamic support/resistance zone for lower timeframe entries.
4. **Full Customization:** Easily change the Trend Timeframe (e.g., to 4H, Daily, or 30m) and customize all colors for the line and the background zones.
#### How to Use It:
* **For Trend Following:** Only look for **Long entries** when the background is **Green** (price above the line) and **Short entries** when the background is **Red** (price below the line).
* **For Mean Reversion:** Use the Trend Open Line as a potential target or bounce zone. A retracement back to the line offers a potential continuation trade entry.
**Keep your analysis focused and your decision-making fast. Add the Hourly Trend Open Line to your chart today!**
---
### TradingView Settings
**Category:** Trend / Trend Following
**Style:** Simple
**Tags:** `trend-filter`, `hourly-open`, `open-price`, `support-resistance`, `mean-reversion`, `high-timeframe`
**Visibility:** Public
---
### 🎨 Recommended Diagram Trigger
You should also include a clear visual demonstrating its function.
****
Evergito HH/LL 3 Señales + ATR SLHow to trade with the Evergito HH/LL 3 Signals + ATR SL indicator? Brief and direct explanation: General system logic: The indicator looks for actual breakouts of the high/low of the last 20 bars (HH/LL) and combines them with the position relative to the 200 SMA to filter the underlying trend. You have 3 types of signals that you can activate/deactivate separately: Signal
When it appears
What it means in practice
Entry type
V1
HH breakout + the close crosses above the 200 SMA (or the opposite in a short position)
Very safe entry confirmed. The price has just validated the long/flat trend → safer and with a better ratio
The most reliable (the original)
V2
HH breakout but the price was already above the 200 SMA (or already below in a short position)
Entry in an already established trend. Fewer “surprises”, more continuity
Ideal for strong trends
V3
Only the breakout of the HH or LL, without looking at the 200 SMA
Aggressive entry/scalping on explosive breakouts. More signals, more noise.
For times of high volatility.
How to enter the market (simple rule): Wait for any of the 3 labels (V1, V2, or V3) to appear, depending on which ones you have activated.
Enter at the close of that candle (or at the open of the next one if you are conservative).
Automatic Stop Loss → the blue (long) or yellow (short) line that represents the ATR x2.
Take Profit → you decide, but the indicator already gives you the visual reference for the risk (ATR x2), so 1:2 or 1:3 is usually very convenient.
Practical example: You see a large green label “HH LONG V1” → you go long at the close of that candle. Stop right at the blue line (ATR x2 below the price).
Typical target: 2x or 3x the risk (very common to reach it in a trend).
Recommended use: Most traders leave only V1 activated → fewer signals but very high quality.
Those who trade intraday or crypto usually combine V1 + V2.
V3 only for news events or very volatile openings.
In summary:
Label = immediate entry
Blue/yellow line = automatic stop
And enjoy the move.
TomTrades Candle Behavior & Timing + TP + Alertsgreen mean sell red mean buy if prices breaks above green its a buy same for red if price stay below red its a sell white line is hourly trend line
Мой скриптinputs:
window(1),
type(0), // 0: close, 1: high low, 2: fractals up down, 3: new fractals
persistent(False),
exittype(1),
nbars(160),
adxthres(40),
nstop(3000);
vars:
currentSwingLow(0),
currentSwingHigh(0),
trailStructureValid(false),
downFractal(0),
upFractal(0),
breakStructureHigh(0),
breakStructureLow(0),
BoS_H(0),
BoS_L(0),
Regime(0),
Last_BoS_L(0),
Last_BoS_H(0),
PeakfilterX(false);
BoS(window,persistent,type,Bos_H,BoS_L,upFractal,downFractal,breakStructureHigh,breakStructureLow);
//BOS Regime
If BoS_H <> 0 then begin
Regime = 1; // Bullish
Last_BoS_H = BoS_H ;
end;
If BoS_L <> 0 Then begin
Regime = -1; // Bearish
Last_BoS_L = BoS_L ;
end;
//Entry Logic: if we are in BoS regime then wait for break swing to entry
if ADX(5) of data2 < adxthres then begin
if time>900 and Regime = 1 and EntriesToday(date)= 0 and Last_BoS_H upFractal then buy next bar at market;
end;
if time>900 and EntriesToday(date)= 0 and Regime = -1 and Last_BoS_L>downFractal then
begin
if close < downFractal then sellshort next bar at market;
end;
end;
// Exits: nbars or stoploss or at the end of the day
if marketposition <> 0 and barssinceentry >nbars then begin
sell next bar at market;
buytocover next bar at market;
end;
setstoploss(nstop);
setexitonclose;
Мой скриптinputs:
window(1),
type(0), // 0: close, 1: high low, 2: fractals up down, 3: new fractals
persistent(False),
exittype(1),
nbars(160),
adxthres(40),
nstop(3000);
vars:
currentSwingLow(0),
currentSwingHigh(0),
trailStructureValid(false),
downFractal(0),
upFractal(0),
breakStructureHigh(0),
breakStructureLow(0),
BoS_H(0),
BoS_L(0),
Regime(0),
Last_BoS_L(0),
Last_BoS_H(0),
PeakfilterX(false);
BoS(window,persistent,type,Bos_H,BoS_L,upFractal,downFractal,breakStructureHigh,breakStructureLow);
//BOS Regime
If BoS_H <> 0 then begin
Regime = 1; // Bullish
Last_BoS_H = BoS_H ;
end;
If BoS_L <> 0 Then begin
Regime = -1; // Bearish
Last_BoS_L = BoS_L ;
end;
//Entry Logic: if we are in BoS regime then wait for break swing to entry
if ADX(5) of data2 < adxthres then begin
if time>900 and Regime = 1 and EntriesToday(date)= 0 and Last_BoS_H upFractal then buy next bar at market;
end;
if time>900 and EntriesToday(date)= 0 and Regime = -1 and Last_BoS_L>downFractal then
begin
if close < downFractal then sellshort next bar at market;
end;
end;
// Exits: nbars or stoploss or at the end of the day
if marketposition <> 0 and barssinceentry >nbars then begin
sell next bar at market;
buytocover next bar at market;
end;
setstoploss(nstop);
setexitonclose;
teril Harami Reversal Alerts BB Touch (Wick Filter Added) teril Harami Reversal Alerts BB Touch (Wick Filter Added)
teril Harami Reversal Alerts BB Touch (Wick Filter Added) teril Harami Reversal Alerts BB Touch (Wick Filter Added) teril Harami Reversal Alerts BB Touch (Wick Filter Added)
teril Harami Reversal Alerts BB Touch (Wick Filter Added)
67 2.0Major Market Trading Hours
New York Stock Exchange (NYSE)
Open: 9:30 AM (ET)
Close: 4:00 PM (ET)
Pre-Market: 4:00 AM – 9:30 AM (ET)
After Hours: 4:00 PM – 8:00 PM (ET)
Nasdaq
Open: 9:30 AM (ET)
Close: 4:00 PM (ET)
Pre-Market: 4:00 AM – 9:30 AM (ET)
After Hours: 4:00 PM – 8:00 PM (ET)
London Stock Exchange (LSE)
Open: 8:00 AM (GMT)
Close: 4:30 PM (GMT)
Tokyo Stock Exchange (TSE)
Open: 9:00 AM (JST)
Lunch Break: 11:30 AM – 12:30 PM (JST)
Close: 3:00 PM (JST)
Hong Kong Stock Exchange (HKEX)
Open: 9:30 AM (HKT)
Lunch Break: 12:00 PM – 1:00 PM (HKT)
Close: 4:00 PM (HKT)
dual moving average crossover Erdal//@version=5
indicator("MA Cross Simple", overlay=true)
// Inputs
fastLen = input.int(10)
slowLen = input.int(100)
// Moving averages
fastMA = ta.sma(close, fastLen)
slowMA = ta.sma(close, slowLen)
// Plot
plot(fastMA, color=color.green)
plot(slowMA, color=color.red)
// Cross signals
bull = ta.crossover(fastMA, slowMA)
bear = ta.crossunder(fastMA, slowMA)
// Labels
if bull
label.new(bar_index, low, "BUY", style=label.style_label_up, color=color.green)
if bear
label.new(bar_index, high, "SELL", style=label.style_label_down, color=color.red)
Harami Reversal Alerts BB Touch (Strict First Candle)Harami Reversal Alerts BB Touch (Strict First Candle)
Harami Reversal Alerts BB Touch (Strict First Candle)Harami Reversal Alerts BB Touch (Strict First Candle)Harami Reversal Alerts BB Touch (Strict First Candle)Harami Reversal Alerts BB Touch (Strict First Candle)Harami Reversal Alerts BB Touch (Strict First Candle)
NIFTY Weekly Option Seller DirectionalHere’s a straight description you can paste into the TradingView “Description” box and tweak if needed:
---
### NIFTY Weekly Option Seller – Regime + Score + Management (Single TF)
This indicator is built for **weekly option sellers** (primarily NIFTY) who want a **structured regime + scoring framework** to decide:
* Whether to trade **Iron Condor (IC)**, **Put Credit Spread (PCS)** or **Call Credit Spread (CCS)**
* How strong that regime is on the current timeframe (score 0–5)
* When to **DEFEND** existing positions and when to **HARVEST** profits
> **Note:** This is a **single timeframe** tool. The original system uses it on **4H and 1D separately**, then combines scores manually (e.g., using `min(4H, 1D)` for conviction and lot sizing).
---
## Core logic
The script classifies the market into 3 regimes:
* **IC (Iron Condor)** – range/mean-reversion conditions
* **PCS (Put Credit Spread)** – bullish/trend-up conditions
* **CCS (Call Credit Spread)** – bearish/trend-down conditions
For each regime, it builds a **0–5 score** using:
* **EMA stack (8/13/34)** – trend structure
* **ADX (custom DMI-based)** – trend strength vs range
* **Previous-day CPR** – in CPR vs break above/below
* **VWAP (session)** – near/far value
* **Camarilla H3/L3** – for IC context
* **RSI (14)** – used as a **brake**, not a primary signal
* **Daily trend / Daily ADX** – used as **hard gates**, not double-counted as extra points
Then:
* Scores for PCS / CCS / IC are **cross-penalised** (they pull each other down if conflicting)
* Final scores are **smoothed** (current + previous bar) to avoid jumpy signals
The **background colour** shows the current regime and conviction:
* Blue = IC
* Green = PCS
* Red = CCS
* Stronger tint = higher regime score
---
## Scoring details (per timeframe)
**PCS (uptrend, bullish credit spreads)**
* +2 if EMA(8) > EMA(13) > EMA(34)
* +1 if ADX > ADX_TREND
* +1 if close > CPR High
* +1 if close > VWAP
* RSI brake:
* If RSI < 50 → PCS capped at 2
* If RSI > 75 → PCS capped at 3
* Daily gating:
* If daily EMA stack is **not** uptrend → PCS capped at 2
**CCS (downtrend, bearish credit spreads)**
* +2 if EMA(8) < EMA(13) < EMA(34)
* +1 if ADX > ADX_TREND
* +1 if close < CPR Low
* +1 if close < VWAP
* RSI brake:
* If RSI > 50 → CCS capped at 2
* If RSI < 25 → CCS capped at 3
* Daily gating:
* If daily EMA stack is **not** downtrend → CCS capped at 2
**IC (range / mean-reversion)**
* +2 if ADX < ADX_RANGE (low trend)
* +1 if close inside CPR
* +1 if near VWAP
* +0.5 if inside Camarilla H3–L3
* +1 if daily ADX < ADX_RANGE (daily also range-like)
* +0.5 if RSI between 45 and 55 (classic balance zone)
* Daily gating:
* If daily ADX ≥ ADX_TREND → IC capped at 2 (no “strong IC” in strong trends)
**Cross-penalty & smoothing**
* Each regime’s raw score is reduced by **0.5 × max(other two scores)**
* Final IC / PCS / CCS scores are then **smoothed** with previous bar
* Scores are always clipped to ** **
---
## Regime selection
* If one regime has the highest score → that regime is selected.
* If there is a tie or close scores:
* When ADX is high, trend regimes (PCS/CCS) are preferred in the direction of the EMA stack.
* When ADX is low, IC is preferred.
The selected regime’s score is used for:
* Background colour intensity
* Minimum score gate for alerts
* Display in the info panel
---
## DEFEND / HARVEST / REGIME alerts
The script also defines **management signals** using ATR-based buffers and Camarilla breaks:
* **DEFEND**
* Price moving too close to short strikes (PCS/CCS/IC) relative to ATR, or
* Trend breaks through Camarilla with ADX strong
→ Suggests rolling away / widening / converting to reduce risk.
* **HARVEST**
* Price has moved far enough from your short strikes (in ATR multiples) and market is still range-compatible
→ Suggests booking profits / rolling closer / reducing risk.
* **REGIME CHANGED**
* Regime flips (IC ↔ PCS/CCS) with cooldown and minimum score gate
→ Suggests switching playbook (range vs trend) for new entries.
Each of these has a plotshape label plus an `alertcondition()` for TradingView alerts.
---
## UI / Panel
The **top-right panel** (optional) shows:
* Strategy + final regime score (IC / PCS / CCS, x/5)
* ADX / RSI values
* CPR status (Narrow / Normal / Wide + %)
* EMA Stack (Up / Down / Mixed) and EMA tightness
* VWAP proximity (Near / Away)
* Final **IC / PCS / CCS** scores (for this timeframe)
* H3/L3, H4/L4, CPR Low/High and VWAP levels (rounded)
These values are meant to be **read quickly at the decision time** (e.g. near the close of the 4H bar or daily bar).
---
## Intended workflow
1. Run the script on **4H** and **1D** charts separately.
2. For each timeframe, read the panel’s **IC / PCS / CCS scores** and regime.
3. Decide:
* Final regime (IC vs PCS vs CCS)
* Combined score (e.g. `AlignScore = min(Score_4H, Score_1D)`)
4. Map that combined score to **your own lot-size buckets** and trade rules.
5. During the life of the position, use **DEFEND / HARVEST / REGIME** alerts to adjust.
The script does **not** auto-calculate lot size or P&L. It focuses on giving a structured, consistent **market regime + strength + levels + management** layer for weekly option selling.
---
## Disclaimer
This is a discretionary **decision-support tool**, not a guarantee of profit or a replacement for risk management.
No performance is implied or promised. Always size positions and manage risk according to your own capital, rules, and regulations.
Student Wyckoff Target Shooter
**Target Shooter — Equal Move Target Tool (Larry Williams idea)**
**1. What this indicator does**
Target Shooter is a tool that measures the last meaningful price swing and projects an **equal move target** in the direction of the breakout.
The logic is simple:
* The market makes a move from point A to point B (a swing high to a swing low, or vice versa).
* Then price breaks out above or below this swing range.
* Target Shooter takes the size of that swing and **adds it in the direction of the breakout**, showing a logical **price target zone** where the move may:
* slow down,
* react,
* or potentially reverse.
This is a practical implementation of the “Equal Moves” idea often referenced by Larry Williams.
---
**2. Core idea (example)**
Example from the classic explanation:
* Price drops from **80 down to 20** → the move is **60 points**.
* The swing range is now: **High = 80, Low = 20**.
* Later, price **breaks above 80**.
Target Shooter assumes:
> “If the market could move 60 points in one direction, after a breakout it may travel another 60 points in the opposite direction.”
So the upside target becomes:
* Move size: 80 − 20 = 60
* Breakout above 80
* **Target = 80 + 60 = 140**
The indicator finds such swings automatically and draws:
* **UT (Upper Target)** on upside breakouts
* **DT (Down Target)** on downside breakouts
---
**3. What you see on the chart**
1. **Target lines**
* When price breaks **above** a previous swing range, the indicator plots a horizontal **UT (Upper Target)** line — the projected equal move target.
* When price breaks **below** the previous swing range, it plots a **DT (Down Target)** line — the downside target.
* Each line is drawn from the breakout bar and extended to the right for a user-defined number of bars.
2. **Price labels**
* A small label “UT” or “DT” is shown at the end of the line with the exact target price.
* This makes it easy to see where the projected target is without checking the scale.
3. **Optional swing range (debug view)**
* There is an option to display the **swing range** that the target is based on (similar to a Donchian channel on previous bars).
* This shows the upper (swing high) and lower (swing low) boundaries the indicator used to define the last move.
---
**4. Key inputs (plain language)**
* **Swing window length (bars)**
How many bars back the indicator looks to find the last meaningful swing (highest high and lowest low).
This is like the length of a Donchian channel used to define the previous range.
Smaller values → more frequent, shorter targets.
Larger values → bigger swings and more distant targets.
* **Minimum move size (in ticks)**
This is a noise filter.
If the distance between the swing high and swing low is smaller than this threshold, no targets are drawn.
The indicator will only react to moves that are big enough to matter for your trading.
* **Breakout type: Close vs High/Low**
* **Breakout by Close**:
The target appears only when the **bar closes** above/below the swing range.
More conservative and fewer false signals.
* **Breakout by High/Low**:
The target appears as soon as the **high** or **low** of the bar breaks the swing range.
Faster and more aggressive, but more sensitive to noise.
* **Target line length (bars)**
How far to the right the UT/DT lines should be extended.
Shorter length → local target zones.
Longer length → important levels visible far into the future.
* **Appearance settings**
* Separate color, width and style for **UT** and **DT** lines.
* Option to show or hide labels with price and “UT/DT” text.
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**5. How to use Target Shooter in trading**
> Important: this is **not** an entry signal indicator.
> Target Shooter is a **targeting and context tool**, not a standalone system.
Typical uses:
1. **Planning take-profit zones**
* You already have an entry signal from your own strategy (Wyckoff, Larry Williams patterns, levels, volume, whatever you use).
* Target Shooter shows a **logical equal move target** where the current wave can reasonably “shoot”.
* You can:
* place your main take-profit around the target,
* scale out part of the position,
* tighten stops when price approaches the target.
2. **Finding potential reaction / reversal areas**
* Equal move targets often act as **zones of interest**.
* If price reaches a UT/DT level and then shows weakness/absorption/volume spikes or reversal candles, this might be a good place to take profits or look for counter-trend opportunities (for experienced traders).
3. **Assessing trend strength**
* If price **easily exceeds** the equal move target and keeps going without any reaction, it suggests a very strong trend.
* If price **fails to reach** the target and reverses early, the move is weaker than expected.
---
**6. Timeframes**
Target Shooter can be used on:
* **Intraday** (M5, M15, M30, H1) — for shorter-term targets within the day,
* **Higher timeframes** (H4, D1 and above) — for swing and position trades.
General rule:
The **higher the timeframe and the larger the swing**, the **more important** the target level tends to be.
---
**7. Notes and limitations**
* The indicator does **not** predict the future.
It simply projects a geometric equal move from the last swing.
* It should be combined with your own trading framework:
* support/resistance,
* Wyckoff / VSA,
* trend tools,
* volume/flow, etc.
* Always keep proper risk management.
A target is a **scenario**, not a guarantee.
.
stock whisperersdfasow, why your line.new failed:
If Pine isn’t exactly v5, TradingView treats line like it doesn’t exist and throws “undeclared identifier”. That’s what you saw.
If you still want the fancy extending lines instead of plots, I can give you a version that forces Pine v5. But this one already does what you asked:
Shows the levels on top of candles, not in a lower pane.
Copy. Paste. Add. Done.
If it still breaks, the issue is your TradingView editor, not the code.
Meu scriptPricemap CONTROL (2, 1, 1, 5, 15, 60, 3, 50, 200, 14, 12, 26, 9, bottom_right, 21, 14, 14, 1, 1,5)
Sniper Entry AU - AYUSHThis indicator combines EMA 9, EMA 15, and VWAP to identify trend direction and intraday strength. EMA 9 and EMA 15 show short-term momentum and crossover signals, while VWAP acts as an institutional reference point for fair value. Together, they help traders spot trend continuation, pullbacks, and high-quality entry zones during intraday sessions.
LETHINH-Swing pa,smc🟦 📌 Title (English)
Swing High / Swing Low – 3-Candle Fractal (5-Bar Pivot) | Auto Alerts
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🟩 📌 Short Description
A clean and reliable swing high / swing low detector based on the classic 3-candle (5-bar) fractal pivot. Automatically marks SH/SL and triggers alerts when a swing is confirmed. No repainting after confirmation.
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🟧 📌 Full Description (for TradingView Publishing)
🔶 Swing High / Swing Low – 3-Candle Fractal (5-Bar Pivot)
This indicator identifies Swing Highs (SH) and Swing Lows (SL) using the classic 3-candle fractal pattern, also known as the 5-bar pivot.
It marks swing points only after full confirmation, making it highly reliable and suitable for structure-based trading.
⸻
🔶 📍 How It Works
A swing is confirmed when the center candle is higher (or lower) than the two candles on each side:
Swing High (SH)
high > high , high , high
Swing Low (SL)
low < low , low , low
The confirmation occurs after 2 right candles close, so the indicator does not repaint once a swing is identified.
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🔶 📍 Key Features
• Detects clean and accurate swings
• Uses pure price action — no indicators, no lag
• Marks swing high (SH) and swing low (SL) directly on the chart
• Non-repainting after confirmation
• Works on all timeframes and all markets
• Extremely lightweight and fast
• Includes alert conditions for both SH and SL
Perfect for traders using:
• Market Structure (BOS / CHoCH)
• Order Blocks (OB)
• Smart Money Concepts (SMC)
• Liquidity hunts
• Wyckoff
• Support/Resistance
• Price Action entries
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🔶 📍 Why This Indicator Is Useful
Swing points are the foundation of market structure.
Accurately detecting them helps traders:
• Identify trend shifts
• Spot BOS / CHoCH correctly
• Find key zones (OB, liquidity levels, supply/demand)
• Time entries more precisely
• Avoid fake structure breaks
This indicator ensures swings are plotted only when fully confirmed, reducing noise and confusion.
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🔶 📍 Alerts
You can create alerts for both conditions:
• Swing High Confirmed
• Swing Low Confirmed
Recommended settings:
• Once per bar close
• Open-ended alert
With alerts enabled, TradingView will automatically notify you every time a new swing forms.
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🔶 📍 No Repainting
Once a swing is confirmed and plotted, it will not change or disappear.
This makes the indicator reliable for real-time alerts and backtesting.
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🔶 📍 Pine Script (v5)
Paste your indicator code here if you want it visible.
Or leave the code hidden if you are publishing as protected.
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🔶 📍 Final Notes
• This indicator focuses on confirmation, not prediction
• It is designed for clean structure reading
• All markets supported: Forex, Crypto, Stocks, Indexes, Commodities
• Suitable for scalping, intraday, swing, and even higher-timeframe trading
If you find this tool helpful, feel free to give it a like and add it to your favorites ❤️
Your support helps me share more tools with the community!
