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First Presented Fair Value Gap [TakingProphets]🧠 Indicator Purpose: The "First Presented Fair Value Gap" (FPFVG) by Taking Prophets is a precision tool designed for traders utilizing Inner Circle Trader (ICT) concepts. It automatically detects and highlights the first valid Fair Value Gap (FVG) that forms between 9:30 AM and 10:00 AM New York time — one of the most critical windows in ICT-based trading frameworks. It also plots the Opening Range Equilibrium (the average of the previous day's 4:14 PM close and today's 9:30 AM open) — a key ICT reference point for premium/discount analysis. 🌟 What Makes This Indicator Unique: This script is highly specialized for early session trading and offers: Automatic Detection: Finds the first Fair Value Gap after the 9:30 AM NYSE open. Clear Visualization: Highlights the FVG zone and labels it with optional time stamps. Equilibrium Line: Plots the Opening Range Equilibrium for instant premium/discount context. Time-Sensitive Logic: Limits detection to the most volatile early session (9:30 AM - 10:00 AM). Extension Options: You can extend both the FVG box and Equilibrium line out to 3:45 PM (end of major session liquidity). ⚙️ How the Indicator Works (Detailed): Pre-Market Setup: Captures the previous day's 4:14 PM close. Captures today's 9:30 AM open. Calculates the Equilibrium (midpoint between the two). After 9:30 AM (New York Time): Monitors each 1-minute candle for the creation of a Fair Value Gap: Bullish FVG: Low of the current candle is above the high two candles ago. Bearish FVG: High of the current candle is below the low two candles ago. The first valid gap is boxed and optionally labeled. Post-Detection Management: The FVG box and label extend forward in time until 3:45 PM (or the current time, based on settings). If enabled, the Equilibrium line and label also extend to help with premium/discount analysis. 🎯 How to Use It: Step 1: Wait for market open (9:30 AM New York time). Step 2: Watch for the first presented FVG on the 1-minute chart. Step 3: Use the FPFVG zone to guide entries (retracements, rejections, or breaks). Step 4: Use the Opening Range Equilibrium to determine premium vs. discount conditions: Price above Equilibrium = Premium market. Price below Equilibrium = Discount market. Best Application: In combination with ICT Killzones, especially during the London or New York Open. When framing intraday bias and identifying optimal trade locations based on liquidity theory. 🔎 Underlying Concepts: Fair Value Gaps: Price imbalances where liquidity is likely inefficient and future rebalancing can occur. Opening Range Equilibrium: Key ICT price anchor used to separate premium and discount conditions post-open. Time-Gated Setup: Limits focus to early session price action, aligning with inner circle trader timing models. 🎨 Customization Options: FVG color, label visibility, and label size. Opening Range Equilibrium line visibility and label styling. Extend lines and boxes to 3:45 PM automatically for full session tracking. ✅ Recommended for: Traders applying Inner Circle Trader (ICT) models. Intraday scalpers or day traders trading the New York session open. Traders who want to frame early session bias and liquidity traps effectively.
Pine Script® indicator
by TakingProphets
Anchored Darvas Box## ANCHORED DARVAS BOX --- ### OVERVIEW **Anchored Darvas Box** lets you drop a single timestamp on your chart and build a Darvas-style consolidation zone forward from that exact candle. The indicator freezes the first user-defined number of bars to establish the range, verifies that price respects that range for another user-defined number of bars, then waits for the first decisive breakout. The resulting rectangle captures every tick of the accumulation phase and the exact moment of expansion—no manual drawing, complete timestamp precision. --- ### HISTORICAL BACKGROUND Nicolas Darvas’s 1950s box theory tracked institutional accumulation by hand-drawing rectangles around tight price ranges. A trade was triggered only when price escaped the rectangle. The anchored version preserves Darvas’s logic but pins the entire sequence to a user-chosen candle: perfect for analysing a market open, an earnings release, FOMC minute, or any other catalytic bar. --- ### ALGORITHM DETAIL 1. **ANCHOR BAR** *You provide a timestamp via the settings panel.* The script waits until the chart reaches that bar and records its index as **startBar**. 2. **RANGE DEFINITION — BARS 1-7** • `rangeHigh` = highest high of bars 1-7 plus optional tolerance. • `rangeLow` = lowest low of bars 1-7 minus optional tolerance. 3. **RANGE VALIDATION — BARS 8-14** • Price must stay inside ` `. • Any violation aborts the test; no box is created. 4. **ARMED STATE** • If bars 8-14 hold the range, two live guide-lines appear: – **Green** at `rangeHigh` – **Red** at `rangeLow` • The script is now “armed,” waiting indefinitely for the first true breakout. 5. **BREAKOUT & BOX CREATION** • **Up breakout** =`high > rangeHigh` → rectangle drawn in **green**. • **Down breakout**=`low < rangeLow` → rectangle drawn in **red**. • Box extends from **startBar** to the breakout bar and never updates again. • Optional labels print the dollar and percentage height of the box at its left edge. 6. **OPTIONAL COOLDOWN** • After the box is painted the script can stay silent for a user-defined number of bars, letting you study the fallout without another range immediately arming on top of it. --- ### INPUT PARAMETERS • **ANCHOR TIME** – Precise yyyy-mm-dd HH:MM:SS that seeds the sequence. • **BARS TO DEFINE RANGE** – Default 7; affects both definition and validation windows. • **OPTIONAL TOLERANCE** – Absolute price buffer to ignore micro-wicks. • **COOLDOWN BARS AFTER BREAKOUT** – Pause length before the indicator is allowed to re-anchor (set to zero to disable). • **SHOW BOX DISTANCE LABELS** – Toggle to print Δ\$ and Δ% on every completed box. --- ### USER WORKFLOW 1. Add the indicator, open settings, and set **ANCHOR TIME** to the candle you care about (e.g., “2025-04-23 09:30:00” for NYSE open). 2. Watch live as the script: – Paints the seven-bar range. – Draws validation lines. – Locks in the box on breakout. 3. Use the box boundaries as structural stops, targets, or context for further trades. --- ### PRACTICAL APPLICATIONS • **OPENING RANGE BREAKOUTS** – Anchor at the first second of the session; capture the initial 7-bar range and trade the first clean break. • **EVENT STUDIES** – Anchor at a news candle to measure immediate post-event volatility. • **VOLUME PROFILE FUSION** – Combine the anchored box with VPVR to see if the breakout occurs at a high-volume node or a low-liquidity pocket. • **RISK DISCIPLINE** – Stop-loss can sit just inside the opposite edge of the anchored range, enforcing objective risk. --- ### ADVANCED CUSTOMISATION IDEAS • **MULTIPLE ANCHORS** – Clone the indicator and anchor several boxes (e.g., London open, New York open). • **DYNAMIC WINDOW** – Switch the 7-bar fixed length to a volatility-scaled length (ATR percentile). • **STRATEGY WRAPPER** – Turn the indicator into a `strategy{}` script and back-test anchored boxes on decades of data. --- ### FINAL THOUGHTS Anchored Darvas Boxes give you Darvas’s timeless range-break methodology anchored to any candle of interest—perfect for dissecting openings, economic releases, or your own bespoke “important” bars with laboratory precision.
Pine Script® indicator
by garysebastianbrowniii
BTST By ANTThe BTST Indicator is a powerful tool specifically designed for traders in the Indian stock market. This unique indicator identifies and highlights key price movements at a pivotal time—3:15 PM. This time is crucial for making BTST (Buy Today, Sell Tomorrow) decisions, a popular trading strategy in India. Key Features: Gap Identification : The indicator detects whether the current price action represents a gap-up or gap-down situation compared to the Heikinashi candle close price. This information is vital for short-term traders looking to capitalize on price momentum. Visual Alerts : When a gap-up trend is detected, a green label "Gap Up" is displayed above the relevant bar. Similarly, a red label "Gap Down" appears below the bar for gap-down movements. These visual indicators help traders make quick and informed decisions. User-Friendly Insights: The BTST Indicator provides vital information about last closed prices and the dynamics between normal candles and Heikinashi candles. With detailed logs, users can see the exact conditions leading to buy or sell signals, helping optimize trading strategies. Why Use the BTST Indicator? Timeliness: The focus on the 3:15 PM mark aligns perfectly with trading patterns and market behavior specific to the Indian stock market, making it an invaluable addition to your trading arsenal. Enhanced Decision-Making: By receiving immediate visual cues on significant price movements, traders can execute their BTST strategies with greater confidence and speed. Designed for Indian Markets: This indicator caters specifically to the nuances of Indian stock trading, ensuring relevance and effectiveness for local traders. Start utilizing the BTST Indicator today to enhance your trading strategies and position yourself for successful trades in the Indian stock market!
Pine Script® indicator
by JayeshBoradia
Flow State Model [TakingProphets]🧠 Indicator Purpose: The "Flow State Model" by Taking Prophets is a precision-built trading framework based on the Inner Circle Trader (ICT) methodology. This script implements and automates the Flow State Model, a highly effective multi-timeframe trading system created and popularized by ITS Johnny. It is designed to help traders systematically align higher timeframe liquidity draws with lower timeframe confirmation patterns, offering a clear roadmap for catching institutional moves with high confidence. 🌟 What Makes This Indicator Unique: This is not a simple liquidity indicator or a basic FVG plotter. The Flow State Model executes a full multi-step process: Higher Timeframe PD Array Detection: Automatically identifies and displays Fair Value Gaps (FVGs) from Daily, Weekly, and Monthly timeframes. Liquidity Sweep Monitoring: Tracks swing highs and lows to detect Buyside or Sellside Liquidity sweeps into the HTF PD Arrays. CISD Detection: Waits for a Change in State of Delivery (CISD) by monitoring bullish or bearish displacement after a sweep. Full Trade Checklist: Visual checklist ensures all critical conditions are met before signaling a completed Flow State setup. Sensitivity Control: Adapt detection strictness (High, Medium, Low) based on market volatility. ⚙️ How the Indicator Works (Detailed): Fair Value Gap Mapping: The indicator constantly scans higher timeframes (4H, Daily, Weekly) for valid bullish or bearish Fair Value Gaps that are large enough (based on ATR multiples) and not weekend gaps. These FVGs are displayed on the current timeframe with full extension logic and mitigation handling (clearing when invalidated). Liquidity Sweep Detection: Swing highs and lows are identified using pivot logic (3-bar pivots). When price sweeps beyond a recent liquidity point into an active FVG, it flags the potential for a Flow State setup. Change in State of Delivery (CISD) Confirmation: After a sweep, the script monitors price action for a sequence of bullish or bearish candles followed by displacement (break in delivery). Only after displacement closes beyond the initiating sequence does a CISD level plot, confirming the market's new delivery state. Execution Checklist: An optional table tracks whether critical components are present: Higher Timeframe PD Array. Aligned Timeframe Bias. Liquidity Sweep into FVG. SMT Divergence (optional manual confirmation). CISD Confirmation. Dynamic Management: Active gaps are extended automatically. Cleared gaps and mitigated CISDs are deleted to keep charts clean. Distance-to-FVG prioritization keeps only the nearest active setups visible. 🎯 How to Use It: Step 1: Identify the bias by locating active higher timeframe FVGs. Step 2: Wait for a Liquidity Sweep into a PD Array (active FVG). Step 3: Watch for a CISD event (the Flow State confirmation). Step 4: Once all conditions are checked off, execute trades based on retracements to CISD levels or continuation after displacement. Best Timing: During ICT Killzones: London Open, New York AM. After daily or weekly liquidity events. 🔎 Underlying Concepts: Liquidity Theory: Markets seek to engineer liquidity for real institutional entries. Fair Value Gaps: Imbalances where price is expected to react or rebalance. Change in State of Delivery (CISD): Confirmation that the market's delivery mechanism has shifted, validating bias continuation. Flow State Principle: Seamlessly aligning higher timeframe liquidity draws with lower timeframe confirmation to maximize trade probability. 🎨 Customization Options: Adjust sensitivity (High / Medium / Low) for volatile or calm conditions. Customize FVG visibility, CISD display, labels, line colors, and sizing. Set checklist visibility and manual tracking of SMT or aligned bias. ✅ Recommended for: Traders studying Inner Circle Trader (ICT) models. Intraday scalpers and swing traders seeking confluence-driven setups. Traders looking for a structured, checklist-based execution process.
Pine Script® indicator
by TakingProphets
Opening/Closing Range [Pro] (jdam18)Indicator Summary The Opening/Closing Range indicator systematically captures and displays the Opening Range (OR) (9:30am ET) and Closing Range (CR) (3:50pm ET) for each trading session with flexible historical tracking and visual customization options. Key functionalities include: Opening and Closing Ranges: Dynamically plots the OR and CR session boxes with options for high/low lines, midline (equilibrium) plotting, and customizable extension to the current bar. Extensions: Automatically generates extension levels above and below the range based on user-defined multipliers, facilitating clearer identification of price expansion levels. Merging Logic: Optionally merges overlapping OR and CR ranges into unified boxes, enhancing clarity when sessions overlap significantly. Merged boxes may display a consolidated central line (CE) and visual extensions. Event Horizons: Detects and highlights meaningful price gaps ("Event Horizons") between non-overlapping ranges, with optional subdivision into quarters and eighths for detailed gap structure analysis. Weekly Extensions: Independently tracks Monday and Wednesday Opening and Closing Ranges, projecting expansion levels for the week. Weekly Extension Table: Provides an optional summary table displaying the status of Monday and Wednesday extensions, range size, and the current location of price relative to key extension thresholds. Table positioning is customizable. The script is designed to be performance-conscious, modular, and highly configurable, supporting intraday timeframes up to 15 minutes, and providing comprehensive visualizations to aid in market structure analysis and trading decisions.
Pine Script® indicator
by jdam18
Pmax + T3Pmax + T3 is a versatile hybrid trend-momentum indicator that overlays two complementary systems on your price chart: 1. Pmax (EMA & ATR “Risk” Zones) Calculates two exponential moving averages (Fast EMA & Slow EMA) and plots them to gauge trend direction. Highlights “risk zones” behind price as a colored background: Green when Fast EMA > Slow EMA (up-trend) Red when Fast EMA < Slow EMA (down-trend) Yellow when EMAs are close (“flat” zone), helping you avoid choppy markets. You can toggle risk-zone highlighting on/off, plus choose to ignore signals in the yellow (neutral) zone. 2. T3 (Triple-Smoothed EMA Momentum) Applies three sequential EMA smoothing (the classic “T3” algorithm) to your chosen source (usually close). Fills the area between successive T3 curves with up/down colors for a clear visual of momentum shifts. Optional neon-glow styling (outer, mid, inner glows) in customizable widths and transparencies for a striking “cyber” look. You can highlight T3 movements only when the line is rising (green) or falling (red), or disable movement coloring.
Pine Script® indicator
by NICK789
3
Rejection Blocks [Taking Prophets]🧠 Indicator Purpose: The "Rejection Blocks" indicator is built for traders using Inner Circle Trader (ICT) concepts. It identifies key reversal zones where price action shows strong rejection through wick-dominant behavior around major swing points — often signaling institutional activity. Traders can use these rejection blocks to anticipate future support, resistance, and mitigation zones based on ICT principles. 🌟 What Makes This Indicator Unique: Unlike standard support/resistance indicators, this script detects true rejection points by filtering only candles where the wick is significantly larger than the body, confirming potential order flow shifts according to ICT methodology. It not only marks these zones but also: Dynamically extends the blocks into the future. Deletes blocks that get invalidated (mitigation logic). Optionally plots a 50% midline within each block to refine entry or exit precision. ⚙️ How the Indicator Works: Swing Detection: Identifies significant highs and lows based on pivot structures. Rejection Filtering: Confirms strong rejections with wick-to-body ratio validation. Block Creation: Highlights bullish or bearish rejection zones with customizable visuals. Midline Plotting: (Optional) Marks the 50% midpoint of the block for entry targeting. Mitigation and Cleanup: Blocks are deleted automatically when their structure is invalidated, maintaining a clean and accurate chart view. 🎯 How to Use It: Identify Reaction Zones: Use rejection blocks as potential areas for price reversals or consolidations. Plan Trade Entries: Monitor retests of the block boundaries or 50% lines for precision entries. Manage Risk: If price closes beyond the block, treat it as a potential invalidation or Change in State of Delivery (CISD) event. Best Contexts: Near higher timeframe Points of Interest (POIs) such as Order Blocks or Fair Value Gaps. During ICT Killzones (London Open, New York AM). 🔎 Underlying Concepts: Wick Rejections: Indicate strong liquidity rejection, aligning with ICT liquidity sweep theories. Mitigation Behavior: Blocks often serve as revisit zones where price rebalances after an aggressive move. Adaptive Market Behavior: Rejection Blocks adjust dynamically based on real-time price action according to ICT market structure logic. 🎨 Customization Options: Bullish and Bearish block colors with adjustable opacity. Border visibility, border width, and 50% midline display toggles. Label size customization for optimal chart clarity. ✅ Recommended for: Traders following Inner Circle Trader (ICT) concepts. Scalpers, intraday, and swing traders seeking accurate reversal and mitigation zones. Traders looking to improve precision around liquidity rejection events.
Pine Script® indicator
by TakingProphets
14
CISD [TakingProphets]🧠 Indicator Purpose: The "CISD - Change in State of Delivery" is a precision tool designed for traders utilizing ICT (Inner Circle Trader) conecpets. It detects critical shifts in delivery conditions after liquidity sweeps — helping you spot true smart money activity and optimal trade opportunities. This script is especially valuable for traders applying liquidity concepts, displacement recognition, and market structure shifts at both intraday and swing levels. 🌟 What Makes This Indicator Unique: Unlike basic trend-following or scalping tools, CISD operates through a two-phase smart money logic: Liquidity Sweep Detection (sweeping Buyside or Sellside Liquidity). State of Delivery Change Identification (through bearish or bullish displacement after the sweep). It intelligently tracks candle sequences and only signals a CISD event after true displacement — offering a much deeper context than ordinary indicators. ⚙️ How the Indicator Works: Swing Point Detection: Identifies recent pivot highs/lows to map Buyside Liquidity (BSL) and Sellside Liquidity (SSL) zones. Liquidity Sweeps: Watches for price breaches of these liquidity points to detect institutional stop hunts. Sequence Recognition: Finds series of same-direction candles before sweeps to mark institutional accumulation/distribution. Change of Delivery Confirmation: Confirms CISD only after significant displacement moves price against the initial candle sequence. Visual Markings: Automatically plots CISD lines and optional labels, customizable in color, style, and size. 🎯 How to Use It: Identify Liquidity Sweeps: Watch for CISD levels plotted after a liquidity sweep event. Plan Entries: Look for retracements into CISD lines for high-probability entries. Manage Risk: Use CISD levels to refine your stop-loss and profit-taking zones. Best Application: After stop hunts during Killzones (London Open, New York AM). As part of the Flow State Model: identify higher timeframe PD Arrays ➔ wait for lower timeframe CISD confirmation. 🔎 Underlying Concepts: Liquidity Pools: Highs and lows cluster stop orders, attracting institutional sweeps. Displacement: Powerful price moves post-sweep confirm smart money involvement. Market Structure: CISD frequently precedes major Change of Character (CHoCH) or Break of Structure (BOS) shifts. 🎨 Customization Options: Adjustable line color, width, and style (solid, dashed, dotted). Optional label display with customizable color and sizing. Line extension settings to keep CISD zones visible for future reference. ✅ Recommended for: Traders studying ICT Smart Money Concepts. Intraday scalpers and higher timeframe swing traders. Traders who want to improve entries around liquidity sweeps and institutional displacement moves. 🚀 Bonus Tip: For maximum confluence, pair this with the HTF POI, ICT Liquidity Levels, and HTF Market Structure indicators available at TakingProphets.com! 🔥
Pine Script® indicator
by TakingProphets
2
Relative Volume CandlesVisualizes candlesticks with transparency based on volume relative to a moving average. Higher-than-average volume makes candles more opaque, while lower volume increases transparency—helping you spot significant price movements at a glance! Features: Customizable up/down candle colors (default: green/red) Adjustable lookback period for volume averaging (default: 21) Fine-tune transparency with base transparency (default: 80) and scale (default: 2.0) Overlay directly on your chart for seamless analysis
Pine Script® indicator
by Syck0
1
Crypto EMA TableCrypto EMA Trend Scanner A powerful tool for crypto traders to quickly identify trend strength across multiple timeframes This indicator helps you spot potential trading opportunities by analyzing the EMA (Exponential Moving Average) alignment across four different timeframes. It displays a clean, color-coded table showing which cryptocurrencies are in a strong uptrend. Key Features: Multi-Timeframe Analysis: Simultaneously scan 3-minute, 15-minute, 1-hour, and 4-hour charts Clear Visual Signals: Green cells indicate bullish EMA alignment (EMA 20 > EMA 50 > EMA 200) Customizable Symbols: Track up to 3 different cryptocurrencies of your choice Exchange Selection: Compatible with major exchanges (Bybit, Binance, Coinbase, Kraken, KuCoin, FTX) Flexible Positioning: Place the table anywhere on your chart How to Use: Add the indicator to your chart Select your preferred cryptocurrencies in the settings Position the table where you want it Look for green cells indicating EMA lineup. Use this information to identify potential entry points or confirm your trading bias
Pine Script® indicator
by stelufl
OuterBar [DTMM]OuterBar Indicator – Technical Overview The OuterBar Indicator is a technical analysis tool for TradingView that detects and visualizes "Outer Bars" based on price action. Core Concept: An Outer Bar is identified when a candle's closing price exceeds the high or low of the previously confirmed Outer Bar. Positive Outer Bars (close above high) and negative Outer Bars (close below low) are automatically detected. Features: Automatic detection of Outer Bars and optional marking of Inner Bars Visual price range analysis with customizable lines and midpoints Colored zone visualization for better structural recognition Extensive customization options for colors, transparency, and number of Outer Bars retained Applications: Identifying potential trend reversals or continuation points Recognizing key support and resistance zones Analyzing price impulses across different timeframes Unique Strengths: Clear visual representation through color-coded candles and zones Historical analysis support to detect long-term patterns Flexible adaptation to various trading strategies and markets The OuterBar Indicator provides a structured view of market price action by focusing on significant breakouts from prior trading ranges, helping traders recognize shifts in momentum and trend direction.
Pine Script® indicator
by daytrader-masterminds
STDZ - Global Trading Sessions📊 STDZ - Global Trading Sessions (GTS) STDZ - Global Trading Sessions (GTS) is an indicator that overlays global market session data directly on your intraday charts. It visualizes trading sessions from different time zones, helping intraday traders quickly assess volatility, session ranges, and structural market behavior across global financial centers. The default setting is enough to cover all the major stock markets opening time including: • Asia: Sydney, Tokyo, Hong Kong • Europe: Frankfurt, London • North America: New York ⸻ 🚀 Features • 🔹 Session Visualization: Up to 3 configurable trading sessions with customizable: • Session time windows • Time zones (IANA or GMT format) • Colors • Session labels • 🔹 Session Metrics: • Open, High, Low, and Average lines • Session range measurement • 🔹 Statistics Table: • Live display of each session’s range • Daily and Weekly True Range / ATR • 🔹 Session Open Highlights: Vertical lines for weekly changes to contextualize price action • 🔹 Dynamic Chart Objects: Lines, boxes, and labels update in real time as sessions progress • 🔹 🕒 Timezone-aware session rendering (supports daylight saving)
Pine Script® indicator
by starduckz
Price Flip StrategyPrice Flip Strategy with User-Defined Ticker Max/Max This strategy leverages an inverted price calculation based on user-defined maximum and minimum price levels over customizable lookback periods. It generates buy and sell signals by comparing the previous bar's original price to the inverted price, within a specified date range. The script plots key metrics, including ticker max/min, original and inverted prices, moving averages, and HLCC4 averages, with customizable visibility toggles and labels for easy analysis. Key Features: Customizable Inputs: Set lookback periods for ticker max/min, moving average length, and date range for signal generation. Inverted Price Logic: Calculates an inverted price using ticker max/min to identify trading opportunities. Flexible Visualization: Toggle visibility for plots (e.g., ticker max/min, prices, moving averages, HLCC4 averages) and last-bar labels with user-defined colors and sizes. Trading Signals: Generates buy signals when the previous original price exceeds the inverted price, and sell signals when it falls below, with alerts for real-time notifications. Labeling: Displays values on the last bar for all plotted metrics, aiding in quick reference. How to Use: Add to Chart: Apply the script to a TradingView chart via the Pine Editor. Configure Settings: Date Range: Set the start and end dates to define the active trading period. Ticker Levels: Adjust the lookback periods for calculating ticker max and min (e.g., 100 bars for max, 100 for min). Moving Averages: Set the length for exponential moving averages (default: 20 bars). Plots and Labels: Enable/disable specific plots (e.g., Inverted Price, Original HLCC4) and customize label colors/sizes for clarity. Interpret Signals: Buy Signal: Triggered when the previous close price is above the inverted price; marked with an upward label. Sell Signal: Triggered when the previous close price is below the inverted price; marked with a downward label. Set Alerts: Use the built-in alert conditions to receive notifications for buy/sell signals. Analyze Plots: Review plotted lines (e.g., ticker max/min, HLCC4 averages) and last-bar labels to assess price behavior. Tips: Use in trending markets by enabling ticker max for uptrends or ticker min for downtrends, as indicated in tooltips. Adjust the label offset to prevent overlapping text on the last bar. Test the strategy on a demo account to optimize lookback periods and moving average settings for your asset. Disclaimer: This script is for educational purposes and should be tested thoroughly before use in live trading. Past performance is not indicative of future results.
Pine Script® strategy
by Dshergill
2
GCM Supreme Trading System Pro (With Golden Zone)Okay, bro! Here are some notes on your "GCM Supreme Trading System Pro (Dashboard + RSI)" indicator based on the Pine Script code you provided. Think of this as a breakdown of its components, logic, and how you might use it, along with some things to consider. GCM Supreme Trading System Pro (Dashboard + RSI) - Notes Overall Concept: This indicator aims to provide an "all-in-one" visual dashboard and signal system by combining several technical analysis concepts: Short-Term Trend: Using a fast EMA. Volatility/Channel: High/Low plot with fill. Sentiment: Background color based on price vs. EMA. Price Structure/Pattern: Highlighting potential AMD phases. Key Price Level: Previous day's specific Fibonacci zone (Golden Zone). Momentum: RSI Overbought/Oversold status. Volume Analysis: Identifying volume spikes. Risk Assessment: Based on ATR volatility. Signal Generation: Based on EMA direction change confirmed by candle color. Centralized Summary: A dashboard showing the status of key components. Key Components & How They Work: Trend EMA (Length: 3 by default): What: A very fast Exponential Moving Average of the specified source (close by default). How: Plots the EMA line. Colors the line green if the EMA is moving up, red if moving down, gray if flat. Usage: Provides a very quick view of the immediate price direction and momentum. High/Low Channel Lines & Fill: What: Plots the current bar's high and low. How: The area between the high and low is filled. The fill color changes based on whether the Trend EMA is moving up (green fill), down (red fill), or is neutral (gray fill). Usage: Visualizes the recent price range/volatility and ties it to the immediate trend direction. Sentiment Background: What: Colors the chart background. How: Background is lightly colored green if the close is above the Trend EMA, and red if the close is below the Trend EMA. Usage: Reinforces the current short-term bias based on price's position relative to the fast EMA. AMD Pattern Candles: What: Highlights specific candle patterns often associated with Accumulation, Manipulation, and Distribution phases. How: Accumulation (Aqua): Previous candle was Red, current candle is Green (Red -> Green). Manipulation (Yellow): Previous candle was Green, current candle is Red (Green -> Red). Distribution (Fuchsia): Two consecutive Red candles where the candle before the first Red was Not Red (Not Red -> Red -> Red). Usage: Helps visually spot potential shifts in market behavior according to the AMD concept. Previous Day's Fib Golden Zone (0.55-0.66): What: Calculates a specific Fibonacci zone (between 55% and 66%) based on the previous day's range (High-Low). How: Plots a horizontal box on the chart covering the calculated zone level. Uses the previous day's range direction (Green/Red candle) to determine if the zone is calculated up from the low (Green day) or down from the high (Red day). Usage: Identifies a potential key retracement or support/resistance zone from the previous day's price action that may be relevant for the current day. RSI (Relative Strength Index): What: A classic momentum oscillator. How: Calculates the RSI value based on the specified length and source. The dashboard shows the current value and flags it as Overbought (> OB level), Oversold (< OS level), or Neutral. Usage: Provides context on momentum extremes. High RSI suggests strong upward momentum (potentially overextended), low RSI suggests strong downward momentum (potentially oversold). Volume Spike Confirmation: What: Compares current volume to its Moving Average. How: Calculates a simple moving average of volume. Identifies a "Spike" if the current volume is significantly higher (multiplied by a factor) than the MA. Usage: Provides a contextual check for increased activity accompanying price moves. (Note: In the current script, this is calculated and shown on the dashboard but not directly used in the signal label logic, though it could be added). Risk Assessment (ATR): What: Uses the Average True Range. How: Calculates the ATR for the specified length. Compares the current ATR to a longer-term average ATR. Flags "High Risk" if the current ATR is significantly higher than the average. Usage: Gives an indication of current volatility relative to recent history, which can inform stop-loss placement or position sizing. Signals (Buy/Sell Labels): What: Plots "BUY" or "SELL" labels on the chart. How: BUY Signal: Triggers when the Trend EMA starts moving Up on the previous bar AND the current bar is Green (close > open). SELL Signal: Triggers when the Trend EMA starts moving Down on the previous bar AND the current bar is Red (close < open). Usage: These are your potential entry triggers. They indicate that the fast EMA trend has just changed direction and the current candle is confirming that move with its color. Dashboard: What: A 2x5 table displayed on the chart (bottom right by default). How: Shows the current status of: Trend (Bull/Bear/Neutral) Volume (Spike/Normal) Last Signal (🟢 BUY, 🔴 SELL, or None) Risk (High/Normal based on ATR) RSI (Overbought/Oversold/Neutral + Current Value) Usage: Provides a quick, centralized summary of multiple indicator components without having to visually check every detail on the chart or separate panes. How to Potentially Use It (Example Interpretation): Look for a BUY signal (Green label) when: The dashboard shows "🟢 BUY" as the Last Signal. Consider additional confirmation: Is Volume status "Spike"? Is Risk "Normal"? Is RSI not "Overbought" (or perhaps just coming out of "Oversold" territory)? Is the price above/interacting positively with the Golden Zone? Look for a SELL signal (Red label) when: The dashboard shows "🔴 SELL" as the Last Signal. Consider additional confirmation: Is Volume status "Spike"? Is Risk "Normal"? Is RSI not "Oversold" (or perhaps just coming out of "Overbought" territory)? Is the price below/interacting negatively with the Golden Zone? Use the Sentiment Background and High/Low Channel Fill to quickly see the immediate trend and volatility context. Watch AMD candles around key levels (like the Golden Zone or signal triggers) for potential pattern confirmation. Check the Dashboard frequently for a summary of all these factors, even without a specific signal. Strengths & Potential Benefits: Comprehensive View: Integrates multiple popular trading concepts into a single indicator. Visual Clarity: Uses colors, fills, labels, and a dashboard for easy interpretation. Customizable: Inputs allow tuning the sensitivity of the EMA, Volume, ATR, and RSI to different assets/timeframes. Dashboard Efficiency: Saves time by consolidating key status points. Non-Repainting Signals: The buy/sell labels trigger and stay based on closed bar data. Important Considerations & Limitations: Fast EMA Sensitivity: An EMA length of 3 is very fast and prone to whipsaws, especially in choppy or ranging markets. Signals based solely on this could be frequent and unreliable in non-trending conditions. Signal Logic: The core signal is only based on EMA direction change + candle color. While simple, it might miss opportunities or generate signals without broader market confirmation (like strong volume, favorable RSI position, or reaction at key levels). The dashboard provides these other factors as context, but they aren't required for the signal label in the current code. Golden Zone Reliance: The previous day's Fib zone is just one potential level. It won't always be respected, and its relevance might vary significantly across different markets and timeframes. AMD Patterns: The defined AMD patterns are specific. The market's "real" accumulation/manipulation/distribution might manifest in more complex ways. Dashboard as Summary, Not Signal: Remember the dashboard shows the current status of all components on the last bar, but the BUY/SELL signal labels are based on a specific historical event (previous bar's EMA turn). You need to look at both: the label for the trigger, and the dashboard for the confluence of other factors right now. Not a Standalone System: While called a "Trading System," no single indicator guarantees profitability. This tool provides signals and context, but requires a robust trading plan including stop losses, profit targets, position sizing, and potentially confluence with other analysis methods. Timeframe Dependency: The ideal settings (EMA length, RSI length, etc.) will likely differ significantly between timeframes (e.g., 1-minute vs. 4-hour). Testing and optimization are crucial. In Summary: The "GCM Supreme Trading System Pro (Dashboard + RSI)" is a well-designed indicator that consolidates several useful analysis tools into a single view. Its strength lies in providing quick visual context and a clear signal trigger based on short-term trend shifts. However, like any indicator, it's not perfect. Its effectiveness will largely depend on the market conditions, the chosen settings, and how it's integrated into a comprehensive trading strategy, using the dashboard components as essential confirmation and risk assessment tools alongside the primary signal labels.
Pine Script® indicator
by uniGram
2
Master LTC/BTC Mining Energy Ratio, Usage (GW) & Miner CountThis Pine Script indicator, "Master LTC/BTC Mining Energy Ratio, Usage (GW) & Miner Count," calculates and visualizes key metrics for Litecoin (LTC) and Bitcoin (BTC) mining operations. Using IntoTheBlock hashrate data, it estimates the number of L7 (LTC) and S19 (BTC) miners, computes energy consumption in gigawatts (GW) based on calibrated efficiency values, and derives the LTC/BTC energy ratio as a percentage. The script plots these metrics—energy ratio, LTC/BTC energy usage, and miner counts (in thousands)—and displays a concise table summarizing the results. Assuming most miners use previous-generation hardware, it provides a clear comparison of the energy dynamics between LTC’s Scrypt and BTC’s SHA-256 algorithms.
Pine Script® indicator
by masterbtcltc
NR4/NR7 + Trend + MACD + VWAP FilterThe Ultimate Momentum-Compression Strategy This strategy merges the power of price compression and trend confirmation, ensuring you're trading when the market is coiled and ready to move. By combining multiple filters—NR4/NR7, trend alignment, MACD momentum, and VWAP support—this setup identifies high-probability trade opportunities in dynamic, trending stocks. Here's how it works: NR4/NR7 Patterns: These are narrow-range days where the current price range is smaller than the previous 4 or 7 days. This signals potential breakout or continuation setups, as the market is compressing before making a move. Trend Confirmation: To ensure you're not trading against the current trend, the price must be above the 20 EMA, and the 10 EMA must be above the 20 EMA. This confirms a bullish structure, with the price trending in your favour. MACD Momentum: The fast MACD line must be above the slow MACD line, confirming the trend is not only intact but also gaining momentum. VWAP Filter: Price must be above the VWAP (Volume Weighted Average Price). This is the final confirmation that the market is in a strong, bullish phase, with buyers dominating the market. By requiring all these conditions to align, this strategy takes the guesswork out of day trading. It ensures you're trading within a well-established trend, with compression patterns and momentum backing your trade. The result? You’re entering positions with confidence and clarity, poised to ride strong, sustained moves. This strategy is for the trader who values both flexibility and discipline—able to capture dynamic moves while staying aligned with market structure and momentum. It’s a refined, systematic approach that makes decisions clear, without the emotional second-guessing.
Pine Script® indicator
by LordRobrecht
SPY 0DTE Scalper - Auto AlertsTimeframes: Main chart: 1-minute (for precision entries) Confirmations: 3-minute or 5-minute (to avoid fakeouts) Indicators I Use: VWAP – Orange line → Institutional fair value EMA 9 – Green line → Short-term momentum EMA 21 – Red line → Trend filter Custom Pullback Signal Script – Marks buy/sell/pullback signals with labels (triangles) Above VWAP = Bullish Bias Below VWAP = Bearish Bias Institutions treat this as the "fair price" — so I do too. EMA 9 (Green): If price hugs or bounces off EMA 9 = 🔥 strong continuation move. I use this as my guide for momentum. EMA 21 (Red): Great for trend confirmation. Above EMA 21 = Trend building to the upside. Below EMA 21 = Weakness or possible reversal. 💸 Step 3: How I Read the Signals ✅ BUY Signal: Price breaks above VWAP with volume 1.5x+ average Candle must close strong (not a wickfest) EMA 9 becomes my trailing stop for the move 🚨 SELL Signal: Price breaks below VWAP with strong volume Clean body close below → momentum shift to the downside EMA 9 again = trailing resistance guide 🔵 Pullback Long (Blue Triangle Under Candle): Bullish continuation entry Price pulls back to EMA 9 or 21, but stays above VWAP Low-risk re-entry after a breakout 🟣 Pullback Short (Purple Triangle Above Candle): Bearish continuation entry Price retraces into EMA 9, but stays below VWAP & EMA 21 Ideal for catching second legs after breakdowns
Pine Script® indicator
by M_LOADING
Whale Psychology Insights ### 🧠 Whale Psychology Insights – Unmasking Smart Money Moves **Understand the mind games behind every candle.** This advanced indicator is designed to reveal the psychological warfare played by whales and market manipulators in the crypto space. Stop trading blind—start trading with the insights of the smart money. #### 🔍 What It Does: - **Liquidity Zone Detection** – Automatically identifies key **swing highs/lows** where stop hunts are likely. - **Volume Spike Alerts** – Spot **suspicious activity** where big players enter or exit. - **Order Block Zones** – Highlights **bullish/bearish engulfing patterns** used by institutions. - **Fair Value Gaps (FVG)** – Marks price inefficiencies where price may return. - **Fakeout Detection** – Finds **manipulative wicks** designed to trap retail traders. #### 💡 Use Cases: - Avoid getting stopped out by **liquidity grabs** - Enter after the **whales have made their move** - Identify **high-probability reversal zones** - Trade **with smart money**, not against it Perfect for scalpers, intraday traders, and swing traders looking to understand *why* price moves—not just *where*. > 🧠 **Trade the psychology, not just the chart.**
Pine Script® indicator
by johannpasqualini
2HH2LL [CCE_Charts]Detects the "Two Higher Highs, Two Lower Lows" (2HH2LL) pattern formation and provides strength analysis with trade signals. The indicator displays visual markers, S/R zones, and clear signals for LONG or SHORT positions. Pattern Description The 2HH2LL pattern consists of two consecutive higher highs and two consecutive lower lows. This formation can signal potential trend reversals or continuations depending on market context. Key Features • Pattern strength analysis using S/R zone and volume confirmation • Clear LONG or SHORT trade signals • Visual markers highlighting pattern components • Support/Resistance zone visualization • Customizable alerts for real-time notifications • Detailed information panel How to Use This Indicator 1. Add the indicator to your chart 2. Configure settings based on your trading style 3. Look for the "2HH2LL" label when a valid pattern forms 4. Check the pattern strength (STRONG, MEDIUM, WEAK) 5. Note the trade direction signal (LONG or SHORT) 6. Verify the pattern with other technical tools 7. Set up alerts for real-time notifications Settings Guide Pattern Settings • Lookback Period: Controls pivot point detection (5-50) • Minimum Swing Strength: Required percentage change between highs/lows Confirmation Settings • S/R Zone Size: Size of support/resistance zone • Volume Confirmation Threshold: Volume multiple required for confirmation • Volume Average Period: Bars used for volume average calculation Visual Settings • Show H1/H2/L1/L2 Labels: Toggle pattern component labels • Show S/R Zone: Toggle support/resistance zone display Signal Settings • Trade Direction: How trade direction is determined (SHORT, LONG, AUTO) Alert Settings • Alert on All Patterns: Trigger alerts for all valid patterns • Alert on STRONG Patterns Only: Only alert on strong patterns • Alert on Direction: Filter alerts by trade direction Pattern Strength Analysis The indicator classifies pattern strength into three categories: • STRONG: Both confirmation factors present (S/R test and volume) • MEDIUM: One confirmation factor present • WEAK: No confirmation factors present For best results, use this indicator in combination with other technical tools and always consider the broader market context.
Pine Script® indicator
by CCE_Charts
ADR% Extension Levels from SMA 50I created this indicator inspired by RealSimpleAriel (a swing trader I recommend following on X) who does not buy stocks extended beyond 4 ADR% from the 50 SMA and uses extensions from the 50 SMA at 7-8-9-10-11-12-13 ADR% to take profits with a 20% position trimming. RealSimpleAriel's strategy (as I understood it): -> Focuses on leading stocks from leading groups and industries, i.e., those that have grown the most in the last 1-3-6 months (see on Finviz groups and then select sector-industry). -> Targets stocks with the best technical setup for a breakout, above the 200 SMA in a bear market and above both the 50 SMA and 200 SMA in a bull market, selecting those with growing Earnings and Sales. -> Buys stocks on breakout with a stop loss set at the day's low of the breakout and ensures they are not extended beyond 4 ADR% from the 50 SMA. -> 3-5 day momentum burst: After a breakout, takes profits by selling 1/2 or 1/3 of the position after a 3-5 day upward move. -> 20% trimming on extension from the 50 SMA: At 7 ADR% (ADR% calculated over 20 days) extension from the 50 SMA, takes profits by selling 20% of the remaining position. Continues to trim 20% of the remaining position based on the stock price extension from the 50 SMA, calculated using the 20-period ADR%, thus trimming 20% at 8-9-10-11 ADR% extension from the 50 SMA. Upon reaching 12-13 ADR% extension from the 50 SMA, considers the stock overextended, closes the remaining position, and evaluates a short. -> Trailing stop with ascending SMA: Uses a chosen SMA (10, 20, or 50) as the definitive stop loss for the position, depending on the stock's movement speed (preferring larger SMAs for slower-moving stocks or for long-term theses). If the stock's closing price falls below the chosen SMA, the entire position is closed. In summary: -->Buy a breakout using the day's low of the breakout as the stop loss (this stop loss is the most critical). --> Do not buy stocks extended beyond 4 ADR% from the 50 SMA. --> Sell 1/2 or 1/3 of the position after 3-5 days of upward movement. --> Trim 20% of the position at each 7-8-9-10-11-12-13 ADR% extension from the 50 SMA. --> Close the entire position if the breakout fails and the day's low of the breakout is reached. --> Close the entire position if the price, during the rise, falls below a chosen SMA (10, 20, or 50, depending on your preference). --> Definitively close the position if it reaches 12-13 ADR% extension from the 50 SMA. I used Grok from X to create this indicator. I am not a programmer, but based on the ADR% I use, it works. Below is Grok from X's description of the indicator: Script Description The script is a custom indicator for TradingView that displays extension levels based on ADR% relative to the 50-period Simple Moving Average (SMA). Below is a detailed description of its features, structure, and behavior: 1. Purpose of the Indicator Name: "ADR% Extension Levels from SMA 50". Objective: Draw horizontal blue lines above and below the 50-period SMA, corresponding to specific ADR% multiples (4, 7, 8, 9, 10, 11, 12, 13). These levels represent potential price extension zones based on the average daily percentage volatility. Overlay: The indicator is overlaid on the price chart (overlay=true), so the lines and SMA appear directly on the price graph. 2. Configurable Inputs The indicator allows users to customize parameters through TradingView settings: SMA Length (smaLength): Default: 50 periods. Description: Specifies the number of periods for calculating the Simple Moving Average (SMA). The 50-period SMA serves as the reference point for extension levels. Constraint: Minimum 1 period. ADR% Length (adrLength): Default: 20 periods. Description: Specifies the number of days to calculate the moving average of the daily high/low ratio, used to determine ADR%. Constraint: Minimum 1 period. Scale Factor (scaleFactor): Default: 1.0. Description: An optional multiplier to adjust the distance of extension levels from the SMA. Useful if levels are too close or too far due to an overly small or large ADR%. Constraint: Minimum 0.1, increments of 0.1. Tooltip: "Adjust if levels are too close or far from SMA". 3. Main Calculations 50-period SMA: Calculated with ta.sma(close, smaLength) using the closing price (close). Serves as the central line around which extension levels are drawn. ADR% (Average Daily Range Percentage): Formula: 100 * (ta.sma(dhigh / dlow, adrLength) - 1). Details: dhigh and dlow are the daily high and low prices, obtained via request.security(syminfo.tickerid, "D", high/low) to ensure data is daily-based, regardless of the chart's timeframe. The dhigh / dlow ratio represents the daily percentage change. The simple moving average (ta.sma) of this ratio over 20 days (adrLength) is subtracted by 1 and multiplied by 100 to obtain ADR% as a percentage. The result is multiplied by scaleFactor for manual adjustments. Extension Levels: Defined as ADR% multiples: 4, 7, 8, 9, 10, 11, 12, 13. Stored in an array (levels) for easy iteration. For each level, prices above and below the SMA are calculated as: Above: sma50 * (1 + (level * adrPercent / 100)) Below: sma50 * (1 - (level * adrPercent / 100)) These represent price levels corresponding to a percentage change from the SMA equal to level * ADR%. 4. Visualization Horizontal Blue Lines: For each level (4, 7, 8, 9, 10, 11, 12, 13 ADR%), two lines are drawn: One above the SMA (e.g., +4 ADR%). One below the SMA (e.g., -4 ADR%). Color: Blue (color.blue). Style: Solid (style=line.style_solid). Management: Each level has dedicated variables for upper and lower lines (e.g., upperLine1, lowerLine1 for 4 ADR%). Previous lines are deleted with line.delete before drawing new ones to avoid overlaps. Lines are updated at each bar with line.new(bar_index , level, bar_index, level), covering the range from the previous bar to the current one. Labels: Displayed only on the last bar (barstate.islast) to avoid clutter. For each level, two labels: Above: E.g., "4 ADR%", positioned above the upper line (style=label.style_label_down). Below: E.g., "-4 ADR%", positioned below the lower line (style=label.style_label_up). Color: Blue background, white text. 50-period SMA: Drawn as a gray line (color.gray) for visual reference. Diagnostics: ADR% Plot: ADR% is plotted in the status line (orange, histogram style) to verify the value. ADR% Label: A label on the last bar near the SMA shows the exact ADR% value (e.g., "ADR%: 2.34%"), with a gray background and white text. 5. Behavior Dynamic Updating: Lines update with each new bar to reflect new SMA 50 and ADR% values. Since ADR% uses daily data ("D"), it remains constant within the same day but changes day-to-day. Visibility Across All Bars: Lines are drawn on every bar, not just the last one, ensuring visibility on historical data as well. Adaptability: The scaleFactor allows level adjustments if ADR% is too small (e.g., for low-volatility symbols) or too large (e.g., for cryptocurrencies). Compatibility: Works on any timeframe since ADR% is calculated from daily data. Suitable for symbols with varying volatility (e.g., stocks, forex, cryptocurrencies). 6. Intended Use Technical Analysis: Extension levels represent significant price zones based on average daily volatility. They can be used to: Identify potential price targets (e.g., take profit at +7 ADR%). Assess support/resistance zones (e.g., -4 ADR% as support). Measure price extension relative to the 50 SMA. Trading: Useful for strategies based on breakouts or mean reversion, where ADR% levels indicate reversal or continuation points. Debugging: Labels and ADR% plot help verify that values align with the symbol’s volatility. 7. Limitations Dependence on Daily Data: ADR% is based on daily dhigh/dlow, so it may not reflect intraday volatility on short timeframes (e.g., 1 minute). Extreme ADR% Values: For low-volatility symbols (e.g., bonds) or high-volatility symbols (e.g., meme stocks), ADR% may require adjustments via scaleFactor. Graphical Load: Drawing 16 lines (8 upper, 8 lower) on every bar may slow the chart for very long historical periods, though line management is optimized. ADR% Formula: The formula 100 * (sma(dhigh/dlow, Length) - 1) may produce different values compared to other ADR% definitions (e.g., (high - low) / close * 100), so users should be aware of the context. 8. Visual Example On a chart of a stock like TSLA (daily timeframe): The 50 SMA is a gray line tracking the average trend. Assuming an ADR% of 3%: At +4 ADR% (12%), a blue line appears at sma50 * 1.12. At -4 ADR% (-12%), a blue line appears at sma50 * 0.88. Other lines appear at ±7, ±8, ±9, ±10, ±11, ±12, ±13 ADR%. On the last bar, labels show "4 ADR%", "-4 ADR%", etc., and a gray label shows "ADR%: 3.00%". ADR% is visible in the status line as an orange histogram. 9. Code: Technical Structure Language: Pine Script @version=5. Inputs: Three configurable parameters (smaLength, adrLength, scaleFactor). Calculations: SMA: ta.sma(close, smaLength). ADR%: 100 * (ta.sma(dhigh / dlow, adrLength) - 1) * scaleFactor. Levels: sma50 * (1 ± (level * adrPercent / 100)). Graphics: Lines: Created with line.new, deleted with line.delete to avoid overlaps. Labels: Created with label.new only on the last bar. Plots: plot(sma50) for the SMA, plot(adrPercent) for debugging. Optimization: Uses dedicated variables for each line (e.g., upperLine1, lowerLine1) for clear management and to respect TradingView’s graphical object limits. 10. Possible Improvements Option to show lines only on the last bar: Would reduce visual clutter. Customizable line styles: Allow users to choose color or style (e.g., dashed). Alert for anomalous ADR%: A message if ADR% is too small or large. Dynamic levels: Allow users to specify ADR% multiples via input. Optimization for short timeframes: Adapt ADR% for intraday timeframes. Conclusion The script creates a visual indicator that helps traders identify price extension levels based on daily volatility (ADR%) relative to the 50 SMA. It is robust, configurable, and includes debugging tools (ADR% plot and labels) to verify values. The ADR% formula based on dhigh/dlow
Pine Script® indicator
by stockmaniac696
Wyckoff Accumulation Distribution Wyckoff Accumulation & Distribution Indicator (RSI-Based) This Pine Script is a technical analysis indicator built around the Wyckoff Method, designed to detect accumulation and distribution phases using RSI (Relative Strength Index) and pivot points. It automatically marks key structural turning points on the chart and highlights relevant zones with colored boxes. What Does It Do? Draws accumulation and distribution boxes based on RSI behavior. Automatically detects Wyckoff structural signals: SC (Selling Climax) AR (Automatic Rally) ST (Secondary Test) BC (Buying Climax) DAR (Automatic Reaction) DST (Secondary Test - Distribution) Identifies trend transitions by detecting sideways RSI movement. Attempts to detect spring and UTAD-like deviations based on RSI reversals. Uses RSI extremes in conjunction with pivot points to generate Wyckoff signals. How Does It Work? RSI Zone: It identifies sideways markets when RSI stays within ±20 of the 50 level (this range is configurable). Pivot Points: It detects pivot highs/lows that sync with RSI values (pivotLen is adjustable). Trend Box Drawing: When RSI exits the sideways zone, the script draws a gray box between the highest high and lowest low within that range. If RSI breaks upward, the box becomes green (Accumulation); if downward, it becomes red (Distribution). Wyckoff Structural Points: SC/BC: Detected when a pivot occurs with RSI below/above a threshold. AR/DAR: The next opposite pivot after SC or BC. ST/DST: The next same-direction pivot after AR or DAR. How to Use It Works best on 4H or daily charts for more reliable signals. Shorter timeframes may generate noise. Primarily used for interpreting RSI structures through the lens of Wyckoff methodology. Box colors help quickly identify market phase: Green box: Likely Accumulation Red box: Likely Distribution Triangular markers show key signals: SC, AR, ST: Accumulation points BC, DAR, DST: Distribution points Use these signals alongside price action to manually interpret Wyckoff phases. image.binance.vision image.binance.vision What Is the Wyckoff Method? The Wyckoff Method, developed in the 1930s by Richard Wyckoff, is a market analysis approach that focuses on supply and demand dynamics behind price movements. Wyckoff’s 5 Phases: Accumulation: Smart money gradually buying at low prices. Markup: Price begins trending upwards. Distribution: Smart money selling to retail traders. Markdown: Downtrend begins as supply outweighs demand. Re-accumulation / Re-distribution: Trend-continuation phases with consolidations. This indicator is specifically designed to detect phase 1 (Accumulation) and phase 3 (Distribution). Extra Notes Repainting is minimal, as pivots are confirmed using historical candles. Labels use plotshape for a clean, minimalist visual style. Other Wyckoff events (like SOS, LPS, UT, UTAD) could be added in future updates. This script does not generate buy/sell signals; it is meant for structural interpretation.
Pine Script® indicator
by faytterro
8