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10 Youtube Opening Range Strategies + Backtest 1. Quick Flip Scalper A strategy centered on fading or following the initial move relative to the Opening Range (OR). LONG Rules: Reversal Mode: If the Opening Range is Bearish (Red), enter Long when price drops below the Opening Range Low (ORL). Continuity Mode: If the Opening Range is Bullish (Green), enter Long when price drops below the Opening Range Low (ORL) (Buying the deep pullback/trap). SHORT Rules: Reversal Mode: If the Opening Range is Bullish (Green), enter Short when price breaks above the Opening Range High (ORH). Continuity Mode: If the Opening Range is Bearish (Red), enter Short when price breaks above the Opening Range High (ORH) (Selling the deep pullback/trap). 2. First Candle Scalper Identical to the Quick Flip Scalper but restricts entries to the very first retest only. LONG Rules: Same as Quick Flip Long, but only triggers once per session. SHORT Rules: Same as Quick Flip Short, but only triggers once per session. 3. Smart Money Trap (SMT) Identifies a "fakeout" breakout followed immediately by a reversal candlestick pattern. LONG Rules: Condition: The previous candle low was below the ORL, but the candle closed back inside (above ORL). Trigger: Must have a Bullish Engulfing or Bullish Rejection pattern closing above the ORL. SHORT Rules: Condition: The previous candle high was above the ORH, but the candle closed back inside (below ORH). Trigger: Must have a Bearish Engulfing or Bearish Rejection pattern closing below the ORH. 4. Trident Pattern (TG Capital) A London-session exclusive strategy requiring a Fair Value Gap (FVG) and a Doji confirmation. LONG Rules: Filter: Price is Above the 200 EMA (if enabled). Setup: A Bullish FVG forms. Confirmation: A Doji candle wicks down into the 50% level of the FVG. Trigger: Enter on the next candle close. SHORT Rules: Filter: Price is Below the 200 EMA (if enabled). Setup: A Bearish FVG forms. Confirmation: A Doji candle wicks up into the 50% level of the FVG. Trigger: Enter on the next candle close. 5. OTE Framework (MBB Trader) Simulates an Optimal Trade Entry by combining a Liquidity Sweep with a Market Structure Shift (SMR). LONG Rules: Sweep: Price drops below the lowest low of the last 20 candles. Structure: A Bullish SMR forms (Low → High → Lower Low → Higher High). SHORT Rules: Sweep: Price breaks above the highest high of the last 20 candles. Structure: A Bearish SMR forms (High → Low → Higher High → Lower Low). 6. Liquidity Trap (Marco Trades) A contrarian strategy that buys/sells purely on sweeps of major structural levels. LONG Rules: Trigger: Price sweeps (drops below) the lowest low of the last 50 candles. SHORT Rules: Trigger: Price sweeps (breaks above) the highest high of the last 50 candles. 7. Trojan Horse (Trader Mayne) Uses Trend EMAs (50 & 200) to identify direction, then enters on a Lower Timeframe Breaker. LONG Rules: Trend: 50 EMA > 200 EMA (Uptrend). Trigger: Price sweeps a recent 10-candle low, then immediately breaks a recent 5-candle high. SHORT Rules: Trend: 50 EMA < 200 EMA (Downtrend). Trigger: Price sweeps a recent 10-candle high, then immediately breaks a recent 5-candle low. 8. Simplified SMT (9:30 Range) Focuses on the 9:30 AM range. Waits for a breakout and a confirmed failure to sustain it. LONG Rules: Context: Price previously broke above the ORH. Trigger: Price returns to the ORH (Retest) with a Bullish Engulfing/Rejection pattern. SHORT Rules: Context: Price previously broke below the ORL. Trigger: Price returns to the ORL (Retest) with a Bearish Engulfing/Rejection pattern. 9. 9:30 One-Candle (Scarface) Uses the high/low of the single 9:30 candle as the range. LONG Rules: Setup: Price closes above the 9:30 High. Trigger: Price pulls back and touches/dips into the 9:30 High (Retest). SHORT Rules: Setup: Price closes below the 9:30 Low. Trigger: Price pulls back and touches/wicks into the 9:30 Low (Retest). 10. London Breakout (Joovier) Based on the 3 AM - 9 AM EST box. LONG Rules: Trigger: A candle's Body (Open and Close) forms completely above the Box High after the session opens. SHORT Rules: Trigger: A candle's Body (Open and Close) forms completely below the Box Low after the session opens. ⚠️ DISCLAIMER & LIMITATION OF LIABILITY 1. NO AFFILIATION / INDEPENDENT PROJECT This script is an independent coding project created solely for testing, research, and entertainment purposes. The creator of this indicator is not associated, affiliated, endorsed by, or in any way connected to the strategy authors or influencers mentioned within the tool (including but not limited to TG Capital, MBB Trader, Marco Trades, Trader Mayne, Scarface, or Joovier). The strategy names are used strictly for identification purposes to credit the original concept creators. This code represents an independent interpretation of public trading concepts. It may not reflect the exact, proprietary, or private methods taught by these individuals. This is not an official product from any of the aforementioned parties. 2. FOR EDUCATIONAL PURPOSES ONLY This indicator is strictly for educational and informational purposes. It is not a signal service and does not constitute investment, financial, or trading advice. The buy/sell labels generated by this script are merely visual representations of specific code logic and should not be interpreted as instructions to execute trades. 3. EXCLUSION OF LIABILITY By using this script, you explicitly agree that: The creator assumes no responsibility or liability for any direct, indirect, consequential, or incidental losses or damages resulting from the use of this tool. You engage in trading entirely at your own risk. You release the creator from any legal responsibility regarding your trading activities or financial results. 4. HYPOTHETICAL PERFORMANCE The statistics displayed on the "Dashboard" (Win Rate, P&L, etc.) are hypothetical and based on historical backtesting data. Past performance is not indicative of future results. These results do not account for slippage, spreads, commission fees, or real-time liquidity issues. Strategies that performed well in the past may fail in current or future market conditions. 5. HIGH-RISK WARNING Trading in financial markets (Stocks, Forex, Crypto, Futures) involves a high degree of risk and is not suitable for all investors. You could lose some or all of your initial investment. You should not trade with money that you cannot afford to lose. IF YOU DO NOT AGREE WITH THESE TERMS, DO NOT USE THIS SCRIPT.
Pine Script® indicator
by MaxMaserati
3
SHFE vs COMEX Silver USD Spread (FX Adjusted)This indicator converts Shanghai Futures Exchange silver pricing (CNY per kilogram) into U.S. dollars per troy ounce using the live USD/CNY exchange rate. It compares the FX-adjusted Shanghai price with COMEX silver futures pricing and displays: • Shanghai silver (converted to USD/oz) • COMEX silver (USD/oz) • The spread between the two markets (Shanghai − COMEX) The tool helps visualize cross-market pricing differences and how currency movements influence silver valuation between Chinese and U.S. futures markets. This is an analytical comparison tool and does not provide trading signals. Notes: • Requires access to SHFE and COMEX futures data on TradingView • Uses USDCNY from the current chart (or selected FX symbol) • Spread values are calculated mechanically from price and FX conversion
Pine Script® indicator
by jackjweddle
Stockbee Screener - Momentum Burst & Episodic Pivot ScannerPLEASE NOTE: This is a screening tool, not a chart indicator! Overview A multi-filter screening indicator based on Stockbee/Pradeep Bonde's momentum trading methodology. This screener combines his signature setups to identify stocks exhibiting the characteristics of momentum bursts and institutional accumulation. You can ditch that extra TC2000 subscription now (you're welcome) - spend the money on some Sugar Babies instead. The Stockbee Philosophy Stocks move in momentum bursts of 3 to 5 days, during which they can gain 8-40%. The key to profiting from these moves is identifying range expansion at the beginning of the burst—not chasing after the move is already underway. This screener implements multiple Stockbee scans to catch these setups early. --- Core Indicators TI65 - Trend Intensity Measures whether a stock is in a confirmed uptrend by comparing short-term to medium-term price action. Formula: avgC7 / avgC65 >= 1.05 When the 7-day average close is 5% or more above the 65-day average close, the stock demonstrates trending momentum. This filters for stocks with established directional movement rather than choppy price action. 9M Volume Flag Are you a lover of dogs, cats, sugar babies or...umm...lava?? If yes, this feature's for you: it identifies potential Episodic Pivots (EPs)—catalyst-driven moves with massive institutional participation. When a stock trades 9 million+ shares in a single day, it signals serious accumulation that often precedes multi-day or multi-week runs. These volume surges typically coincide with earnings surprises, news catalysts, or sector rotations that cause the market to fundamentally re-evaluate a stock. +4% Change Flag Detects bullish range expansion—the signature of a momentum burst beginning. A 4% single-day gain (especially when preceded by quiet, narrow-range days) indicates the start of potential explosive movement. This is Stockbee's primary scan for catching momentum bursts on day one. --- Pattern Filters Ants TTT (Tight-Tight-Tight - yeah, like that Backstreet Boys T-shirt you still wear) Identifies tight consolidation patterns indicating controlled institutional accumulation. Criteria: - Minimum volume threshold met over recent days - 3-bar price range extremely tight (≤1.5% change) - Today's range even tighter (≤0.3% change) - No disruptive gaps in lookback period These "quiet before the storm" setups often precede explosive breakouts as institutions finish accumulating positions. Ants Bullish (Momentum Without Gaps) Finds stocks with controlled, sustainable momentum—steady accumulation without the volatility of gap moves. Criteria: - Momentum confirmed (20% above 30-day low, OR 7-day avg 5% above 65-day avg) - Controlled daily moves (no wild single-day swings) - No large gaps in lookback period - Consistent volume This filter favors "stair-step" advances that indicate methodical institutional buying. Bullish Combo Stockbee's combination scan for high-probability entries combining price action and volume. Condition 1 - Bullish Candle: - Close ≥ $0.90 above open - Volume > 1M shares - Today's range ≥ yesterday's range - Prior day was stable (≤2% move) Condition 2 - Breakout: - Price up ≥4% from prior close - Volume surge (today > yesterday) - Close strength ≥70% (closing near highs) --- Additional Metrics which may support decision-making ┌─────────────────┬──────────────────────────────────────────────────────────────────────────┐ │ Metric │ Description │ ├─────────────────┼──────────────────────────────────────────────────────────────────────────┤ │ ADR% │ Average Daily Range as percentage — measures volatility │ ├─────────────────┼──────────────────────────────────────────────────────────────────────────┤ │ ATR Extension │ Distance from 50d SMA in ATR units — identifies overextended stocks │ ├─────────────────┼──────────────────────────────────────────────────────────────────────────┤ │ Below 10/21 EMA │ Pullback flags for timing entries in uptrends │ ├─────────────────┼──────────────────────────────────────────────────────────────────────────┤ │ +DI/-DI Filter │ Directional indicator confirmation for trend direction │ └─────────────────┴──────────────────────────────────────────────────────────────────────────┘
Pine Script® indicator
by mericourt
BTC Correlation multiframesBTC Correlation indicator for scalping. Shows real-time correlation between the current asset and Bitcoin across three timeframes (30m, 1H, 4H), regardless of the chart timeframe you're viewing. Green indicates strong positive correlation (asset follows BTC), yellow shows independence (ideal for scalping without BTC influence), and red indicates inverse correlation. Perfect for quick identification of whether your scalping target is moving independently from Bitcoin's price action. The indicator compares percentage changes of the current candle in each timeframe, providing instant visual feedback on correlation strength through color-coded values.
Pine Script® indicator
by Nikrostrategy
Volume Divergence Detector - COT EnhancedVolume Divergence Detector – COT Enhanced This advanced indicator analyzes institutional vs retail money flow to uncover hidden market intent, focusing on Gold and Gold Futures. Instead of relying on simple volume spikes, the script separates smart money (institutions, commercial hedgers, large speculators) from retail traders using a blend of: Volume-based accumulation/distribution Price momentum RSI behavior MACD divergence Institutional-sized volume detection Optional real CFTC Commitment of Traders (COT) data The result is a dynamic money-flow model designed to expose who is truly controlling the market. 🔹 Institutional Flow Engine Large-volume activity is tracked and converted into a smoothed institutional money line. Heavy volume is weighted more aggressively to highlight professional accumulation and distribution. When volume fades, flow naturally decays to avoid stale signals. If enabled, weekly CFTC COT data is blended into the calculation (70% internal model, 30% real positioning), providing genuine futures-market confirmation for Gold. Positive values indicate institutional buying. Negative values indicate institutional selling. 🔹 Retail Flow Engine Retail behavior is modeled using: RSI momentum (retail follows trends) MACD breakout behavior Smaller volume spikes Retail flow reacts faster and decays quicker, reflecting emotional trading and late entries. Extreme retail positioning often signals potential reversals. 🔹 Core Signals The indicator automatically detects: Institutional Takeover When institutional flow crosses above retail. Retail Takeover When retail flow crosses above institutions (often a warning sign). Bullish Setup Institutions buying + retail selling. Bearish Setup Institutions selling + retail buying. Extreme Divergence Institutional and retail flows at opposite extremes. These zones often precede major reversals or powerful trend continuations. Clear BUY / SELL labels appear directly on the chart, positioned dynamically using ATR to avoid candle overlap. 🔹 Visual Feedback Background shading shows which side currently dominates Extreme divergence adds special highlighting Real-time labels display institutional and retail values A built-in information table summarizes: Institutional flow Retail flow Dominant side Flow spread Current signal COT status Everything updates live on the last bar. 🔹 Alerts Included Custom alerts are provided for: Institutional control Retail control Bullish setups Bearish setups Extreme divergence Perfect for automation or hands-off monitoring. ⚠️ Important Notes COT data works only on Gold Futures symbols. Spot Gold uses volume-based estimation only. Designed for directional bias and timing, not blind entries. Always confirm with structure and price action. Created by xqweasdzxcv A professional-grade money flow system built to follow smart capital instead of emotional traders.
Pine Script® indicator
by xqweasdzxcv
Trend Line & Delta Montosca [English v33.7]This indicator, Trend Line & Delta Montosca , is a high-precision tool designed to identify institutional entry points by combining price action structure with real-time volume sentiment (Order Flow). Here is a breakdown of its core logic and operational flow: 1. Market Structure & Trendline Analysis The indicator starts by identifying "Pivot Highs" and "Pivot Lows" based on the Sensitivity settings you chose. Pivot Connect Method: It draws trendlines connecting these key structural points. A "Long" bias is established when a trendline is broken to the upside, and a "Short" bias when broken to the downside. BOS (Break of Structure): It monitors when the price closes above the previous high or below the previous low to confirm the current market phase (Bullish or Bearish). 2. Intermarket Synchronization (ES + NQ) This is a unique "Institutional" filter. The script checks a secondary symbol (e.g., NQ if you are trading ES) to ensure the move is happening across the entire market. If both instruments hit a pivot at the same time, the trendline is drawn thicker, indicating higher institutional conviction. 3. Order Flow Validation (Delta) Breaking a trendline is not enough; it must be backed by "Smart Money" volume. The indicator uses Lower Timeframe (LTF) Intrabar Data to calculate the Delta: Strength Filter: It checks if the buying/selling volume in a single candle exceeds a specific percentage (set to 75% by default). Efficiency Filter: It identifies "Absorption" where the price moves aggressively with lower volume, suggesting a lack of resistance. 4. Inverted FVG (Fair Value Gap) Reaction The final "trigger" is often the reaction to a Fair Value Gap. The script tracks bearish and bullish FVGs. The Inversion Logic: A "Long" signal is only validated if the price "inverts" a bearish FVG (closes above it), treating the old resistance as new institutional support. 5. Blue Sky Filter (ATH) When the price is at an All-Time High (ATH), traditional FVG reactions might not exist. The script includes an optional "Blue Sky" logic that allows for trend-following entries even if there is no previous FVG to invert, as long as the structural breakout and Delta are present. Visualization Summary Labels: Clearly mark "LONG" or "SHORT" at the exact candle of entry. Snapshots: To help you review your trades, the script leaves a "visual footprint" (the trendline and the FVG box) that caused the signal, so you can see the exact institutional context after the trade has moved.
Pine Script® indicator
by alanmontosca
Pivot Points {xqweasdzxcv}Pivot Points {xqweasdzxcv} This indicator plots classic Pivot Point levels (PP, S1–S3, R1–R3) using the previous period’s High, Low, and Close. The pivot timeframe is fully customizable (Daily, Weekly, Monthly, etc.), making it suitable for both intraday and swing trading. The script automatically calculates: Pivot Point (PP) Three Support levels (S1, S2, S3) Three Resistance levels (R1, R2, R3) Each level can be individually toggled on or off, with customizable colors, line width, and line style. Price labels are dynamically displayed on the right edge of the chart for quick reference. Designed for clean visuals and practical use, this tool helps identify key market reaction zones, potential reversals, and breakout areas across any timeframe. Created by xqweasdzxcv.
Pine Script® indicator
by xqweasdzxcv
Market Trend AnalyserThis indicator identifies high-quality entries using market structure concepts such as Change of Character (ChoCH) and Break of Structure (BOS), rather than relying on lagging traditional indicators. How to use : Enter trades on ChoCH and BOS signals (both long and short). To reduce market noise, it is recommended to apply: An ATR filter with a minimum value of 1 An ADX filter with a minimum value of 15 You may also enable a moving average (MA) filter to avoid trading against the prevailing trend.
Pine Script® indicator
by thierrywallet
7
Impulse Move FVG TrackerThis script identifies strong directional impulse moves and automatically plots Fair Value Gaps (FVGs) only in locations that are contextually relevant to those moves. It tracks consecutive candle bodies to determine when a large move up or down has occurred, calculates the midpoint of that impulse, and then displays bullish FVGs above the midpoint after strong upward moves and bearish FVGs below the midpoint after strong downward moves. The script operates only within a user-selected, scrollable time-of-day window and allows full control over FVG colors, extension length, minimum impulse size, and how many of the most recent FVGs remain on the chart. It is designed to reduce noise by showing FVGs only where price displacement suggests meaningful imbalance rather than marking every gap indiscriminately.
Pine Script® indicator
by andrew_blichasz
True FVGs v2This script identifies and plots true Fair Value Gaps (FVGs) using a strict three-candle structure, distinguishing between two formation types while accounting for doji candles. It draws shaded boxes to represent untraded price imbalances, with Type A and Type B gaps defined by precise wick-to-body and body-to-body relationships that reflect institutional price displacement. The indicator allows the user to control how far each FVG extends and how many recent FVGs remain visible, keeping the chart clean and relevant. This is helpful because it highlights high-probability areas where price is likely to react, enabling more precise trade planning, entries, and risk management without visual clutter. It expands on the first script (True FVGs) and allows for a more controlled design fitting each trader's desires.
Pine Script® indicator
by andrew_blichasz
Volume Delta MontoscaTechnical Summary: Volume Delta Montosca + Market Bias V3 The Volume Delta Montosca + Market Bias V3 is a multi-layered analysis tool designed to decode market sentiment through volume decomposition and relative strength. Instead of looking at volume as a single metric, this indicator splits every bar into its buy and sell components to reveal the true intent behind price movements. Core Volume Analysis and Delta Logic The indicator uses a calculation based on price movement within each bar to estimate Buy and Sell Delta. It measures the relationship between the close, high, and low to determine how much of the total volume was aggressive buying versus aggressive selling. Users can define a Dominance Threshold (typically 80%), which acts as a filter to identify bars where one side has a "substantial majority," effectively ignoring noise and focusing on high-conviction moves. Signal Generation and FVG Filtering Signals are categorized into two levels of importance. Base Signals (represented by small circles) occur when there is a significant volume spike—defined by a 20-period SMA—combined with high dominance. However, the indicator also features an internal Fair Value Gap (FVG) Filter. When price action "inverts" or breaks through a recent price imbalance while showing dominant volume, the indicator triggers a High-Priority Signal (represented by triangles). This specific logic ensures that signals are not just based on volume, but on the successful reclamation of key price areas. Dynamic Market Bias and Comparative Strength Beyond individual asset analysis, the script includes a Market Bias Engine that compares the current ticker against a benchmark, such as the S&P 500 (ES1!). It calculates a ratio between the two assets and applies a "Volume Supremacy" logic. If the current asset shows expanding volume and higher dominance percentages than the benchmark, the Bias Panel updates to show which asset is leading the market. This allows traders to see at a glance if they are trading the strongest available asset or if the broader market bias is shifting against them. Visual Elements and Customization The tool offers a clean visual experience by plotting a dual-colored histogram where the dominant volume color takes priority. It also includes Volume Candles, which paint the bars on the main chart to match the volume sentiment, and Top Diamonds to mark the peaks of volume expansion. All features, including the FVG lookback range and the SMA adjustment factor, are fully customizable to fit different trading timeframes and styles.
Pine Script® indicator
by alanmontosca
Smart Trader, Episode 04, by Ata Sabanci, Candles and Z ScoresSmart Trader, Episode 04 Candles and Z-Scores: A Statistical Approach to Market Analysis ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ OVERVIEW This indicator applies Z-Score statistical analysis to measure how unusual current market conditions are compared to historical norms. It simultaneously analyzes five key metrics: Price, Total Volume, Buy Volume, Sell Volume, and Delta (Buy minus Sell) . The system detects 60 academically-researched market scenarios and provides visual feedback through Z-Lines (support/resistance levels), Event Markers, Trend Channels, and a comprehensive Dashboard. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ CORE CONCEPT: WHY Z-SCORE? A Z-Score measures how many standard deviations a value is from its mean. In financial markets, extreme Z-Scores indicate statistically rare events that often precede significant price movements. Mathematical Formula: Z = (Current Value - Mean) / Standard Deviation Interpretation: • Z ≥ +2.0: Extremely high (occurs approximately 2.5% of the time) • Z ≥ +1.0: Above average • Z ≈ 0: Normal (near the mean) • Z ≤ -1.0: Below average • Z ≤ -2.0: Extremely low (occurs approximately 2.5% of the time) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ACADEMIC FOUNDATION This indicator is inspired by / grounded in market microstructure literature (abbreviated citations in-script) from market microstructure literature: • Price-Volume Relationship - Karpoff (1987), Journal of Financial and Quantitative Analysis, Cambridge Volume is positively correlated with price change magnitude • Order Flow Imbalance - Cont, Kukanov, Stoikov (2014), Journal of Financial Econometrics Order imbalance drives price more reliably than raw volume • Informed Trading (PIN Model) - Easley, Kiefer, O'Hara, Paperman (1996), Journal of Finance Buy/Sell imbalance reveals informed trader activity • Mixture of Distributions - Tauchen & Pitts (1983), Clark (1973) Volume clusters with volatility regimes • Volume Predictability - Gervais, Kaniel, Mingelgrin (2001) Volume shocks predict future returns • Liquidity & Order Imbalance - Chordia, Roll, Subrahmanyam (2002) Order imbalance affects short-term returns • Volume-Return Dynamics - Llorente, Michaely, Saar, Wang (2002) Speculation vs. risk-sharing patterns • Reversal vs. Continuation - Campbell, Grossman, Wang (MIT) High volume predicts lower autocorrelation ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ VOLUME ENGINE The indicator offers two methods for decomposing total volume into Buy and Sell components: Method 1: Geometry (Approximation) Uses candle structure to estimate buying and selling pressure: Buy Volume = Total Volume × (Close - Low) / (High - Low) Sell Volume = Total Volume × (High - Close) / (High - Low) • Works on all instruments without additional data requirements • Fast calculation • Less precise than intrabar method Method 2: Intrabar (Precise) Uses Lower Timeframe (LTF) tick/second data to aggregate actual up-ticks versus down-ticks: • More accurate volume decomposition • Requires LTF data availability • Configurable LTF: 1T (tick), 1S, 15S, 1M Delta Calculation: Delta = Buy Volume - Sell Volume ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Z-SCORE SYSTEM The system calculates Z-Scores for five metrics simultaneously, using a configurable lookback period (default: 20 bars): • Zp (Price Z-Score): Measures price deviation from its mean • Zv (Volume Z-Score): Measures total volume deviation • Zbuy (Buy Volume Z-Score): Measures buying pressure deviation • Zsell (Sell Volume Z-Score): Measures selling pressure deviation • ZΔ (Delta Z-Score): Measures order flow imbalance deviation Threshold Constants: • ZH (Z High) = 2.0: Extreme threshold • ZM (Z Medium) = 1.0: Moderate threshold • Z0 (Z Zero) = 0.5: Near-zero threshold Group System: The analysis window is divided into groups (default: 5 groups × 20 bars = 100 bar total window). Group numbers (1, 2, 3...) are displayed above candles when enabled, helping identify the relative age of detected levels. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Z-LINES (SUPPORT/RESISTANCE LEVELS) When any metric reaches an extreme Z-Score, the system marks that price level as a significant support or resistance zone. Detection Logic: • Upper Z-Line: Drawn from the HIGH when Z ≥ upper threshold (default +2.0) • Lower Z-Line: Drawn from the LOW when Z ≤ lower threshold (default -2.0) Multi-Metric Detection: Z-Lines can be triggered by any of the five metrics (Price, Volume, Buy, Sell, Delta). When multiple metrics trigger at similar price levels, they are clustered together into a single combined label showing all contributing metrics. Persistence: Z-Lines persist for the entire analysis window (Period × Groups bars) and are NOT removed when price touches them. This allows traders to see historical support/resistance levels that may still be relevant. Anti-Overlap System: Labels are automatically repositioned to prevent overlap. The "Label Min Gap (%)" setting controls minimum vertical separation between ALL labels (both upper and lower), ensuring readability even when multiple levels cluster together. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ EVENT DETECTION ENGINE (60 SCENARIOS) The system analyzes 60 distinct market scenarios based on Z-Score combinations. Each scenario is derived from academic research and assigned a confidence score based on signal strength and alignment. Notation: • Zp = Price Z-Score • Zv = Total Volume Z-Score • Zbuy = Buy Volume Z-Score • Zsell = Sell Volume Z-Score • ZΔ = Delta Z-Score • dirP = Price direction (+1 if Zp > 0.5, -1 if Zp < -0.5, else 0) • = Previous bar value • ZH = 2.0 (High threshold) • ZM = 1.0 (Medium threshold) • Z0 = 0.5 (Zero threshold) ───────────────────────────────────────────────────────────── CATEGORY A: PRICE-VOLUME (Events 1-10) Based on: Karpoff (1987), Tauchen-Pitts (1983), Clark (1973) ───────────────────────────────────────────────────────────── Event 1: Breakout Confirmed |Zp| ≥ ZH AND Zv ≥ ZH AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Bullish/Bearish (follows price direction) Event 2: Trend Strength Confirmed |Zp| ≥ ZH AND Zv ≥ ZH Direction: Follows price direction Event 3: Fragile Move |Zp| ≥ ZH AND Zv ≤ -ZM Direction: Warning (price move without volume support) Event 4: Weak Rally Zp ≥ ZH AND Zv ≤ -ZH Direction: Warning (price up without volume) Event 5: Weak Selloff Zp ≤ -ZH AND Zv ≤ -ZH Direction: Warning (price down without volume) Event 6: Momentum Build ZM ≤ |Zp| < ZH AND Zv ≥ ZH Direction: Follows price direction Event 7: Churn |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Neutral (high volume, low price movement) Event 8: Quiet Compression |Zp| ≤ Z0 AND Zv ≤ -ZH Direction: Neutral (low volume, low price movement) Event 9: High Volume Regime Zv ≥ ZH Direction: Neutral Event 10: Low Volume Regime Zv ≤ -ZH Direction: Neutral ───────────────────────────────────────────────────────────── CATEGORY B: ORDER-FLOW / DELTA (Events 11-16) Based on: Cont, Kukanov, Stoikov (2014), Easley, Kiefer, O'Hara, Paperman (1996) ───────────────────────────────────────────────────────────── Event 11: Imbalance Drives Price |ZΔ| ≥ ZH AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Follows price direction (dirP), with delta alignment required Event 12: Divergence Top Zp ≥ ZH AND ZΔ ≤ -ZH Direction: Warning (distribution at top) Event 13: Divergence Bottom Zp ≤ -ZH AND ZΔ ≥ ZH Direction: Warning (accumulation at bottom) Event 14: Absorption Positive |Zp| ≤ Z0 AND Zv ≥ ZH AND ZΔ ≥ ZH Direction: Bullish (buy absorption, support forming) Event 15: Absorption Negative |Zp| ≤ Z0 AND Zv ≥ ZH AND ZΔ ≤ -ZH Direction: Bearish (sell absorption, resistance forming) Event 16: Depth Wall Zv ≥ ZH AND |ZΔ| ≥ ZH AND |Zp| ≤ Z0 Direction: Neutral (market depth absorbing) ───────────────────────────────────────────────────────────── CATEGORY C: BUY VS SELL (Events 17-23) Based on: Easley, Kiefer, O'Hara, Paperman (1996), Chordia, Roll, Subrahmanyam (2002) ───────────────────────────────────────────────────────────── Event 17: Aggressive Buy Dominance Zbuy ≥ ZH AND ZΔ ≥ ZH AND Zsell ≤ -ZM Direction: Bullish Event 18: Aggressive Sell Dominance Zsell ≥ ZH AND ZΔ ≤ -ZH AND Zbuy ≤ -ZM Direction: Bearish Event 19: Two-Sided Battle Zbuy ≥ ZH AND Zsell ≥ ZH AND |ZΔ| ≤ Z0 Direction: Neutral (buyers and sellers equally strong) Event 20: Battle with Buy Edge Zbuy ≥ ZH AND Zsell ≥ ZH AND ZM ≤ ZΔ < ZH Direction: Bullish Event 21: Battle with Sell Edge Zbuy ≥ ZH AND Zsell ≥ ZH AND -ZH < ZΔ ≤ -ZM Direction: Bearish Event 22: Hidden Accumulation Zbuy ≥ ZH AND |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Bullish (buy shock without price movement) Event 23: Hidden Distribution Zsell ≥ ZH AND |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Bearish (sell shock without price movement) ───────────────────────────────────────────────────────────── CATEGORY D: PREDICTABILITY (Events 24-26) Based on: Gervais, Kaniel, Mingelgrin (2001), Karpoff (1987) ───────────────────────────────────────────────────────────── Event 24: Volume Shock Positive Drift Zv ≥ ZH AND |Zp| ≤ ZM Direction: Follows price direction Event 25: Volume Shock Negative Drift Zv ≤ -ZH AND |Zp| ≤ ZM Direction: Opposite to price direction Event 26: Abnormal Volume Info Arrival Zv ≥ ZH Direction: Neutral ───────────────────────────────────────────────────────────── CATEGORY E: REVERSAL VS CONTINUATION (Events 27-30) Based on: Campbell, Grossman, Wang (MIT), Llorente, Michaely, Saar, Wang (2002) ───────────────────────────────────────────────────────────── Event 27: High Vol Reversal Risk Zv ≥ ZH Direction: Warning (high volume implies lower positive autocorrelation) Event 28: Low Vol Continuation Risk Zv ≤ -ZH Direction: Follows price direction (trend likely continues) Event 29: Speculation Continuation Zv ≥ ZH AND |ZΔ| ≥ ZM AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Follows price direction Event 30: Risk Sharing Reversal Zv ≥ ZH AND |ZΔ| ≤ Z0 Direction: Warning (potential reversal) ───────────────────────────────────────────────────────────── CATEGORY F: IMBALANCE LAG (Events 31-33) Based on: Chordia, Roll, Subrahmanyam (2002) ───────────────────────────────────────────────────────────── Event 31: Persistent Imbalance Push |ZΔ| ≥ ZM AND |ZΔ | ≥ ZM AND sign(ZΔ) = sign(ZΔ ) Direction: Follows delta direction (persistent pressure) Event 32: Imbalance Pressure Decay (ZΔ ≥ ZM AND ZΔ ≤ -ZM) OR (ZΔ ≤ -ZM AND ZΔ ≥ ZM) Direction: Warning (imbalance sign flip) Event 33: Intraday Imbalance Predicts |ZΔ| ≥ ZM Direction: Follows delta direction ───────────────────────────────────────────────────────────── CATEGORY G: SUPPORT/RESISTANCE (Events 34-36) Based on: Peskir (Manchester) ───────────────────────────────────────────────────────────── Event 34: SR Barrier Event |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Neutral (price stalls with high volume) Event 35: Volume Backed SR Level |Zp| ≤ Z0 AND Zv ≥ ZH AND |ZΔ| ≥ ZM Direction: Follows delta direction Event 36: Volume Poor SR Level |Zp| ≤ Z0 AND Zv ≤ -ZM Direction: Warning (weak S/R without volume) ───────────────────────────────────────────────────────────── CATEGORY H: EXTENDED ANALYSIS (Events 37-50) Based on: Extended market microstructure analysis ───────────────────────────────────────────────────────────── Event 37: Climax Buy Zbuy ≥ ZH AND Zp ≥ ZH AND Zv ≥ ZH Direction: Warning (extreme buying exhaustion, potential top) Event 38: Climax Sell Zsell ≥ ZH AND Zp ≤ -ZH AND Zv ≥ ZH Direction: Warning (extreme selling exhaustion, potential bottom) Event 39: Stealth Accumulation Zbuy ≥ ZM AND |Zp| ≤ Z0 AND Zv ≤ Z0 Direction: Bullish (quiet buying) Event 40: Stealth Distribution Zsell ≥ ZM AND |Zp| ≤ Z0 AND Zv ≤ Z0 Direction: Bearish (quiet selling) Event 41: Volume Divergence Bull Zp ≤ -ZM AND Zv ≤ -ZM Direction: Bullish (price down but volume declining) Event 42: Volume Divergence Bear Zp ≥ ZM AND Zv ≤ -ZM Direction: Bearish (price up but volume declining) Event 43: Delta Price Alignment |Zp| ≥ ZM AND |ZΔ| ≥ ZM AND sign(Zp) = sign(ZΔ) Direction: Follows price direction (strong trend confirmation) Event 44: Extreme Compression |Zp| ≤ Z0 AND Zv ≤ -ZH Direction: Neutral (very low volatility) Event 45: Volatility Expansion |Zp| ≥ ZH AND Zv ≥ ZH Direction: Follows price direction (breakout from compression) Event 46: Buy Exhaustion Zbuy ≥ ZH AND Zp ≤ Z0 Direction: Warning (high buy but price fails) Event 47: Sell Exhaustion Zsell ≥ ZH AND Zp ≥ -Z0 Direction: Warning (high sell but price holds) Event 48: Trend Acceleration |Zp| ≥ ZM AND |Zp| > |Zp | AND Zv ≥ ZM Direction: Follows price direction (increasing momentum) Event 49: Trend Deceleration |Zp| ≥ ZM AND |Zp| < |Zp | AND sign(Zp) = sign(Zp ) Direction: Warning (decreasing momentum) Event 50: Multi Divergence (Zp ≥ ZM AND ZΔ ≤ -ZM) OR (Zp ≤ -ZM AND ZΔ ≥ ZM) + |Zp| ≥ ZM AND Zv ≤ -ZM Direction: Warning (multiple divergence signals) ───────────────────────────────────────────────────────────── CATEGORY I: TREND-INTEGRATED (Events 51-60) Based on: Combined price-volume-delta trend analysis ───────────────────────────────────────────────────────────── Event 51: Trend Breakout Confirmed |Zp| ≥ ZH AND Zv ≥ ZH AND |ZΔ| ≥ ZM AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Follows price direction Event 52: Trend Support Test Zp ≥ ZM AND Z0 ≤ Zp < ZM AND ZΔ ≥ Z0 Direction: Bullish (pullback in uptrend) Event 53: Trend Resistance Test Zp ≤ -ZM AND -ZM < Zp ≤ -Z0 AND ZΔ ≤ -Z0 Direction: Bearish (rally in downtrend) Event 54: Trend Reversal Signal sign(Zp) ≠ sign(Zp ) AND |Zp| ≥ ZM AND |Zp | ≥ ZM Direction: Follows new price direction (momentum flip) Event 55: Channel Absorption |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Neutral (range-bound with volume) Event 56: Trend Continuation Volume |Zp| ≥ ZM AND Zv ≥ ZM AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Follows price direction (healthy trend with volume) Event 57: Trend Exhaustion |Zp| ≥ ZM AND Zv ≤ -ZM AND |Zp| < |Zp | Direction: Warning (trend losing steam) Event 58: Range Breakout Pending |Zp| ≤ Z0 AND Zv ≤ -ZH AND |ZΔ| ≥ ZM Direction: Follows delta direction (compression with imbalance) Event 59: Trend Quality High |Zp| ≥ ZM AND sign(ZΔ) = dirP AND Zv ≥ Z0 AND dirP ≠ 0 Direction: Follows price direction (strong aligned signals) Event 60: Trend Quality Low |Zp| ≥ ZM AND sign(ZΔ) ≠ dirP AND dirP ≠ 0 Direction: Warning (conflicting signals) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ TREND CHANNEL SYSTEM The trend channel system is adapted from Smart Trader Episode 03 to provide consistent visual context for price action analysis. How It Works: • Divides the chart into blocks based on Z-Score groups • Calculates OHLC (Open, High, Low, Close) for each block • Detects Higher Highs/Higher Lows (uptrend) or Lower Highs/Lower Lows (downtrend) patterns • Draws channel lines connecting block extremes • Classifies by angle: steep angles indicate trends, flat angles indicate ranges Channel Classifications: • UPTREND: Higher highs and higher lows detected • DOWNTREND: Lower highs and lower lows detected • RANGE: Channel angle below threshold (default 10 degrees) Label Information: • Trend direction (UPTREND/DOWNTREND/RANGE) • Channel boundary prices • Distance from current price (absolute and percentage) • Channel angle in degrees ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DASHBOARD The dashboard provides a comprehensive real-time view of all Z-Score metrics and detected events. Dashboard Sections: 1. Header Row Displays indicator name and current calculation mode (CLOSED or LIVE). 2. Metric Rows (Price, Total Volume, Buy Volume, Sell Volume, Delta) Each row displays: • Value: Current metric value • Z: Calculated Z-Score • Visual: Graphical Z-bar showing position relative to mean • Status: Interpretation (Extreme High, Above Avg, Normal, Below Avg, Extreme Low) • Upper: Oldest active upper Z-Line in window (Label Mirror) • Lower: Oldest active lower Z-Line in window (Label Mirror) 3. Event Detection Section • Count of triggered events out of 60 total scenarios • Market Bias: Bull/Bear/Neutral percentage with visual bar • Strongest Event: Highest confidence event currently triggered • #2 Event: Second highest confidence event 4. Footer Shows engine type (Geometry/Intrabar), Z-Score period, calculation basis, and number of valid bars. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ALERT SYSTEM The indicator uses native alertcondition() functions, keeping the settings menu clean while providing comprehensive alert options in TradingView's alert dialog. Available Alert Categories: • Master Alerts: Any event, Any bullish, Any bearish, Any warning • Single Event Alerts: Individual alerts for key events (Breakout, Climax, Divergence, etc.) • Category Alerts: Alerts by event category (Price-Volume, Order-Flow, etc.) • Confluence Alerts: 2+, 3+, 4+, or 5+ aligned events • Bias Shift Alerts: 10%, 20%, or 30% shifts in market bias • High Confidence Alerts: Events with 60%+, 70%+, 80%+, or 90%+ confidence • Divergence Alerts: Price vs Volume or Price vs Delta divergences ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DATA ACCURACY AND LIMITATIONS This indicator is 100% VOLUME-BASED and requires Lower Timeframe (LTF) intrabar data for accurate calculations when using the Intrabar method. Data Accuracy Levels: • 1T (Tick): Most accurate, real volume distribution per tick • 1S (1 Second): Reasonably accurate approximation • 15S (15 Seconds): Good approximation, longer historical data available • 1M (1 Minute): Rough approximation, maximum historical data range Backtest and Replay Limitations: • Replay mode results may differ from live trading due to data availability • For longer backtest periods, use higher LTF settings (15S or 1M) • Not all symbols/exchanges support tick-level data • Crypto and Forex typically have better LTF data availability than stocks A Note on Data Access: Higher TradingView plans provide access to more historical intrabar data, which directly impacts the accuracy of volume-based calculations. More precise volume data leads to more reliable calculations. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ LANGUAGE SUPPORT (TRI-LINGUAL UI) This indicator includes a built-in language switch with three interface languages : • English (EN) • Türkçe (TR) • 한국어 (KO) The selected language updates key interface text such as the Dashboard headers/rows , tooltips , and the Event Engine outputs (event names, category names, and direction labels). Turkish diacritics and Korean Hangul are supported for clean, native readability. Why only three languages? Each additional language requires duplicating strings throughout the code, which increases script size/memory usage and compilation time. To keep the indicator optimized and responsive, language options are intentionally limited to three. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ DISCLAIMER FOR EDUCATIONAL AND RESEARCH PURPOSES ONLY This indicator is designed as an educational and research tool based on academic market microstructure literature. It is NOT financial advice and should NOT be used as the sole basis for trading decisions. Important Notices: • Past performance does not guarantee future results • All trading involves risk of substantial loss • The indicator's signals are statistical probabilities, not certainties • Always conduct your own research and consult qualified financial advisors • The creator assumes no responsibility for trading losses Research Sources: This indicator is built upon peer-reviewed academic research from: • Journal of Financial and Quantitative Analysis (Cambridge University Press) • Journal of Finance • Journal of Financial Econometrics • MIT Working Papers • arXiv Financial Mathematics
Pine Script® indicator
by ata_sabanci
1
IU Time SessionsDISCRIPTION IU Time Sessions is a multi–market session indicator designed to visually highlight major global trading sessions directly on your chart. It helps traders easily identify when Tokyo, London, New York, and Sydney sessions are active based on their selected time zone. The indicator automatically adjusts session timings according to the chosen time zone, making it extremely useful for traders across different countries. Each session is displayed with a customizable background color, allowing you to instantly recognize market behavior, volatility changes, and session overlaps. In addition, session start alerts can be enabled so traders never miss the opening of important market hours. USER INPUTS : • Select Your Time Zone Allows users to choose their local or preferred market time zone for accurate session calculation. • Background Color Transparency Adjust the transparency level of session background colors for better chart visibility. • Enable / Disable Individual Sessions Users can turn ON or OFF: * Tokyo Session * London Session * New York Session * Sydney Session • Session Time Settings Each session has customizable start and end times. • Session Colors Each trading session has its own selectable background color. • Session Alerts Optional alerts for: * Tokyo session start * London session start * New York session start * Sydney session start WHY IT IS UNIQUE: • Fully time-zone adaptive (works globally) • Supports all major forex and crypto trading sessions • Clean background visualization without clutter • Custom session timing flexibility • Individual session enable/disable control • Session start alerts without repainting • Works on all timeframes • Lightweight and optimized Pine Script v6 code Unlike basic session indicators, this tool focuses on clarity, flexibility, and accurate time-zone conversion — making it suitable for both beginners and professional traders. HOW USER CAN BENIFIT FROM IT : • Easily identify high-liquidity market hours • Understand session-based price behavior • Spot session overlaps for increased volatility • Improve timing for entries and exits • Avoid low-volume trading periods • Use alerts to stay disciplined and prepared • Suitable for forex, crypto, indices, and commodities This indicator helps traders align their strategies with institutional trading hours and make better-timed trading decisions.
Pine Script® indicator
by Shivam_Mandrai
Short-Term Weekly Refuges (Shelters)## // Introduction // ══════════════ Short-Term Weekly Refuges (Shelters) (WR or RS) is a structural analysis indicator designed to track price action during the current week. It combines a configurable ZigZag with Fibonacci retracements anchored to recent phases, using the Weekly Opening Price (W.O.P.) as a key reference level. This indicator is optimized for 4H timeframe but also works on 1H and 15min charts. ## // Theoretical Foundation of the Indicator // ═══════════════════════════════ The WR (RS) indicator provides a structural framework for following price action during the current trading week. The core concept: Recent ZigZag phases, combined with the Weekly Opening Price, create dynamic support and resistance levels that institutional traders often monitor and use for intraweek positioning. The indicator allows you to select which recent phase (1-10) serves as the Fibonacci anchor. ## // Indicator Objectives // ══════════════════ 1) Display a configurable ZigZag showing recent price structure with numbered phases (1 = most recent). Users should configure the ZigZag parameters based on whether they are analyzing a Major Degree Pattern (larger swings, less noise) or a Minor Degree Pattern (smaller swings, more detail), following standard Elliott Wave terminology. Configure the ZigZag to match the degree of your analysis: use higher Depth values for Major Degree Patterns, or lower values for Minor Degree Patterns. 2) Draw Fibonacci retracements on a user-selected phase, with two modes: • "On ZigZag": Traditional Fibonacci on the selected phase. • "Relative to W.O.P.": Fibonacci from phase anchor (i0) to Weekly Opening Price. 3) Show Weekly Opening Price lines as horizontal references, with the current week's line extended into the future. 4) Provide Pivot Up/Down markers for additional confirmation of local highs and lows. 5) Support multiple simultaneous indicator loads with visual identifier labels to distinguish between different analysis degrees (e.g., "Major Degree Pattern" vs "Minor Degree Pattern"). 6) Optional Embedded Indicator: Enable Intraday Shelters (RID) - percentage-based support/resistance levels calculated from the Daily Opening Price, useful for 1H and 15min trading. ## // Key Features // ══════════════ • **Flexible ZigZag**: Adjustable Depth, Deviation, and Backstep parameters to adapt to any asset's volatility. • **Phase Selection**: Choose from the 10 most recent phases for Fibonacci anchoring. • **Dual Fibonacci Modes**: Trace on the ZigZag phase itself, or relative to the Weekly Opening Price. • **New Age Color Palette**: Professional Fibonacci color scheme used by old school experienced traders. • **Weekly Opening Price (W.O.P.)**: Historical weekly opens plus current week projection. • **"Show Only W.O.P." Mode**: Isolate just the Weekly Opening Price line for cleaner charts on non-4H timeframes. • **Optional Intraday Shelters (RID)**: 11 percentage levels (±0.382%, ±1%, ±1.5%, ±2%, ±2.5%) based on Daily Opening Price. • **Multi-Load Support**: Visual identifier tags and Large Label for running multiple indicator instances simultaneously. ## // Recommended Workflow // ═════════════════════ 1) Load the indicator on a 4H chart. 2) Adjust ZigZag parameters (Depth, Deviation) until the phases match your visual analysis of recent price structure. 3) Select the phase you want to use as Fibonacci anchor (typically Phase 2, 3 or higher). 4) Choose Fibonacci mode: "On ZigZag" for phase analysis, or "Relative to W.O.P." for analysis based on weekly opening price context. 5) Monitor how price interacts with the Fibonacci levels and Weekly Opening Price throughout the week. 6) Optionally enable RID for intraday precision on 1H or 15min charts. ## // Integration with Other Refuge Indicators // ════════════════════════════════ WR (RS) is part of a complete refuge-based analysis ecosystem: • LTR (RLP) (Long-Term Refuges): For automatic determination of the predominant phase of a ZigZag, which institutional investors choose as the basis for a Fibo whose levels calculate the projection for order placement over the following months and years. • LTRS (RLPS) (Simple Long-Term Refuges): Simplified version of LTR in which the known coordinates of the predominant phases (obtained with the LTR indicator) of one or up to five assets are easily captured for permanent long-term operation. • WR (RS) (Short-Term Weekly Refuges): (This indicator) For short-term tactical analysis (4H, 1H) based on chosen phases of a ZigZag that define Fibo levels generated during the near past week(s) and probably effective in the present week. • IDR (RID) (Intra-Day Refuges): For daily operations relying on intraday levels on timeframes of 1H or less. Ideal for scalping traders. By combining LTR, LTRS, WR and IDR, you obtain a multi-level framework that allows you to operate with clarity at any time horizon, from intraday positions to investments spanning months and years. ## // Additional Notes // ════════════════ 1) Default parameters are optimized for volatile assets (crypto, tech stocks). For forex or less volatile instruments, consider reducing Deviation to 3-8%. 2) The "Phase in Development" (dashed line) shows the tentative current ZigZag segment that may still change as new bars form. 3) Bug reports, improvement proposals for the ZigZag generator, pattern determination, or Fibo composition, etc., will be greatly appreciated and taken into account for a future version. Best regards and happy hunting. (Sorry: Spanish translation erased trying to avoid confusing publishing banning rules).
Pine Script® indicator
by Masewal_aj_p_oolom
Super OscillatorSuper Oscillator – Intraday Momentum Super Oscillator is a momentum-based oscillator designed for intraday trading, optimized for 1-minute charts and fast market conditions. The indicator uses a zero-centered momentum model with dynamic smoothing and clearly defined zones to help traders identify exhaustion, pullbacks, and momentum shifts without excessive noise. Key Features Zero-centered oscillator for immediate directional bias Dynamic overbought and oversold zones Neutral “dead zone” to avoid low-probability trades Smoothed momentum line with signal line for timing entries Optimized for scalping and short-term intraday trading Fully compatible with TradingView Pine Script v6 How to Use Overbought zone: Look for bearish reactions or momentum exhaustion Oversold zone: Look for bullish reactions or pullbacks Dead zone: Avoid trades when momentum is unclear Use the oscillator as a confirmation tool, always with price action and structure Best Use Case Intraday scalping (1M–5M) Futures markets (indices, metals) NY session trading Disclaimer This indicator does not predict price direction. It measures momentum and exhaustion and should be used as part of a complete trading plan with proper risk management.
Pine Script® indicator
by THEGREATNAPLESTRADERX
MarketStructureLab Structure Zones (FREE) This indicator highlights key structural zones where the market is most likely to: • continue the current move • pause, consolidate, or transition into a range There are no buy/sell signals, arrows, or predictions. Only structure, context, and reaction areas. How it works • Detects confirmed swing highs and lows using pivot logic • Filters insignificant moves with an ATR-based threshold • Builds structure zones (ranges, not lines) around key levels • Displays only the active working window around the current price • Shows a simple Market State: Trend / Range / Transition No repaint tricks. No future leaks. Pure price structure. How to use Use the zones as context, not signals: • observe reactions and acceptance • combine with your own entry model (price action, volume, trend filter) • works on any market and any timeframe This tool is designed for traders who prefer clarity over complexity. This is a FREE MVP version. More advanced structure logic and tools will be released in future versions. Not financial advice. market structure, structure zones, support resistance, supply demand, swing, pivot, price action, range, trend, ATR
Pine Script® indicator
by MarketStructureLab
1