Support/Resistance LevelsThis indicator automatically detects the most relevant support and resistance levels based on recent pivot points.
Main Features:
✅ Automatic detection of support and resistance zones
✅ Fully customizable: line style, thickness, and colors
✅ Optional support/resistance zones (based on percentage)
✅ High/Low zone fill for recent extremes
✅ Auto-labeling of S/R levels on the chart
✅ Configurable line extension (right side only or both sides)
⚙️ Custom Settings:
Toggle S/R levels on or off
Choose line style (solid, dotted, dashed)
Set support/resistance colors
Adjust line width
Enable/disable zone display
Set zone width as a percentage
🔎 Use Cases:
Quickly identify key price levels
Trade with confidence around bounces and breakouts
Works on any market and any timeframe
Pivot points and levels
Confluence AVWAP Breakout RibbonThis advanced indicator overlays up to five Anchored VWAPs—Daily Session, Weekly, Monthly, Prior Swing High, and Prior Swing Low—directly onto your chart. It highlights a "confluence ribbon" between these levels, visually mapping the real-time price zone where institutional activity may cluster. The ribbon is colored dynamically so you can instantly spot which side of value price is breaking towards.
How it works:
• The script automatically recalculates each selected VWAP anchor in real time.
• For swing-high and swing-low anchors, it starts a new VWAP every time a new price swing is confirmed.
• You can enable or disable any anchor via the script’s Inputs panel to suit your trading style or asset.
Entry Signals:
• A long breakout (green up-arrow) triggers only on the first candle that closes above all active VWAP anchors.
• A short breakout (red down-arrow) triggers only on the first close below all active anchors.
• These signals help confirm when price makes a decisive move out of a key value zone, filtering out false or weak breakouts.
How to use:
Add the indicator to any chart or timeframe.
In the Inputs, choose which VWAP anchors to activate.
Watch for the ribbon color and width: a wider ribbon means more confluence between price zones.
Trade signals (arrows) are only painted on the first candle to break out above or below all anchors, making them easy to see and avoiding repaint.
Optional: Set up alerts using the built-in TradingView alerts for each breakout direction.
Customization:
• Toggle each anchor on/off for your preferred strategy.
• Adjust the swing length for pivots.
• Change ribbon opacity for better chart visibility.
Why it’s unique:
• Most VWAP scripts only plot a single line, or show basic session anchors.
• This indicator lets you stack up to five important VWAP anchors and requires consensus: price must clear all active anchors in one move to signal a breakout.
• The live ribbon and dynamic visuals provide clear confluence zones and breakout cues that go beyond traditional VWAP use.
Best practices:
• Works well on all major assets (stocks, crypto, FX, indices) and all chart timeframes.
• For highest reliability, use two or more anchors at a time.
• Consider using alongside your preferred trend or volatility filter.
For educational and research purposes only. This is not financial advice or a recommendation to buy or sell. Always use proper risk management and test before live trading.
Multi Pivot Point & Central Pivot Range - Nadeem Al-QahwiThis indicator combines four advanced trading modules into one flexible and easy-to-use script:
Traditional Pivot Points:
Calculates classic support and resistance levels (PP, R1–R5, S1–S5) based on previous session data. Ideal for identifying key turning points and mapping out the daily, weekly, or monthly structure.
Camarilla Levels:
Provides six upper and lower pivot levels (H1–H6, L1–L6) derived from volatility and closing price formulas. Especially effective for intraday reversal, mean reversion, and finding overbought/oversold extremes.
Central Pivot Range (CPR):
Plots the median, top, and bottom of the value area each session. CPR width instantly highlights whether the market is likely to trend (narrow CPR) or remain range-bound (wide CPR).
Developing CPR projects the evolving range for the current period—essential for real-time analysis and pre-market planning.
Dynamic Zone Levels (DZL):
Automatically detects and highlights clusters of pivots to reveal high-probability support/resistance zones, filtering out market “noise.”
DZL alerts notify you whenever price breaks or retests these key areas, making it easier to spot momentum trades and avoid false signals.
Key Features:
Multi-timeframe flexibility: Use with daily, weekly, monthly, yearly, or custom timeframes—even rare ones like biyearly and decennial.
Modular design: Activate or hide any system (Traditional, Camarilla, CPR, DZL) as you need.
Bilingual interface: Every setting and label is shown in both English and Arabic.
Full customization: Control visibility, color, style, and placement for every level and label.
Historical depth: Plot up to 5,000 pivot/zones back for deep analysis and backtesting.
Smart alerts: Get instant notifications on true S/R breakouts or retests (from DZL).
How to Use:
Trend Trading:
Watch for a very narrow CPR to identify potential trending days—trade in the breakout direction above/below the CPR.
Range Trading:
When CPR is wide, expect sideways movement. Fade reversals at R1/S1 or within the CPR boundaries.
Breakouts:
Use DZL alerts to capture momentum as price breaks or retests dynamic support/resistance zones.
Multi-Timeframe Confluence:
Combine CPR and pivot levels from multiple timeframes for higher-probability entries and exits.
All calculations and logic are fully open.
Twin Tower TP Levels – Hopi Method (from Demystifying ICT 2)📐 Twin Tower TP Levels – Hopi Method (from “Demystifying ICT 2”)
Description:
This indicator visualizes the Twin Tower TP Levels, a concept inspired by the work of the anonymous trader "Hopi", presented in the book "Demystifying ICT 2 (2025 Edition)".
It calculates a set of key take-profit levels based on:
A fixed reference price (typically VWAP at 16:00 EST)
The average daily range (ADR)
A symmetrical unit structure (ADR ÷ 100), projecting levels both above and below the fixed price.
The levels are calculated and labeled at ±7, ±13, ±20, ±30, ±37, ±43, and ±50 units from the Fix Price — providing traders with a balanced range of price action targets and reaction zones.
Key features:
Customizable Fix Price and ADR input
Automatically computes and plots 7 target levels above and below
Color-coded labels for easy reference (green for above, red for below)
Designed for precision take-profit targeting, as conceptualized in the “Twin Tower” method.
Disclaimer:
This script is a fan-made implementation for educational purposes and references concepts discussed in the book "Demystifying ICT 2 (2025 Edition)", attributed to the pseudonymous trader "Hopi".
All rights to the original intellectual property remain with the author.
Ultimate Market Structure [Alpha Extract]Ultimate Market Structure
A comprehensive market structure analysis tool that combines advanced swing point detection, imbalance zone identification, and intelligent break analysis to identify high-probability trading opportunities.Utilizing a sophisticated trend scoring system, this indicator classifies market conditions and provides clear signals for structure breaks, directional changes, and fair value gap detection with institutional-grade precision.
🔶 Advanced Swing Point Detection
Identifies pivot highs and lows using configurable lookback periods with optional close-based analysis for cleaner signals. The system automatically labels swing points as Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL) while providing advanced classifications including "rising_high", "falling_high", "rising_low", "falling_low", "peak_high", and "valley_low" for nuanced market analysis.
swingHighPrice = useClosesForStructure ? ta.pivothigh(close, swingLength, swingLength) : ta.pivothigh(high, swingLength, swingLength)
swingLowPrice = useClosesForStructure ? ta.pivotlow(close, swingLength, swingLength) : ta.pivotlow(low, swingLength, swingLength)
classification = classifyStructurePoint(structureHighPrice, upperStructure, true)
significance = calculateSignificance(structureHighPrice, upperStructure, true)
🔶 Significance Scoring System
Each structure point receives a significance level on a 1-5 scale based on its distance from previous points, helping prioritize the most important levels. This intelligent scoring system ensures traders focus on the most meaningful structure breaks while filtering out minor noise.
🔶 Comprehensive Trend Analysis
Calculates momentum, strength, direction, and confidence levels using volatility-normalized price changes and multi-timeframe correlation. The system provides real-time trend state tracking with bullish (+1), bearish (-1), or neutral (0) direction assessment and 0-100 confidence scoring.
// Calculate trend momentum using rate of change and volatility
calculateTrendMomentum(lookback) =>
priceChange = (close - close ) / close * 100
avgVolatility = ta.atr(lookback) / close * 100
momentum = priceChange / (avgVolatility + 0.0001)
momentum
// Calculate trend strength using multiple timeframe correlation
calculateTrendStrength(shortPeriod, longPeriod) =>
shortMA = ta.sma(close, shortPeriod)
longMA = ta.sma(close, longPeriod)
separation = math.abs(shortMA - longMA) / longMA * 100
strength = separation * slopeAlignment
❓How It Works
🔶 Imbalance Zone Detection
Identifies Fair Value Gaps (FVGs) between consecutive candles where price gaps create unfilled areas. These zones are displayed as semi-transparent boxes with optional center line mitigation tracking, highlighting potential support and resistance levels where institutional players often react.
// Detect Fair Value Gaps
detectPriceImbalance() =>
currentHigh = high
currentLow = low
refHigh = high
refLow = low
if currentOpen > currentClose
if currentHigh - refLow < 0
upperBound = currentClose - (currentClose - refLow)
lowerBound = currentClose - (currentClose - currentHigh)
centerPoint = (upperBound + lowerBound) / 2
newZone = ImbalanceZone.new(
zoneBox = box.new(bar_index, upperBound, rightEdge, lowerBound,
bgcolor=bullishImbalanceColor, border_color=hiddenColor)
)
🔶 Structure Break Analysis
Determines Break of Structure (BOS) for trend continuation and Directional Change (DC) for trend reversals with advanced classification as "continuation", "reversal", or "neutral". The system compares pre-trend and post-trend states for each break, providing comprehensive trend change momentum analysis.
🔶 Intelligent Zone Management
Features partial mitigation tracking when price enters but doesn't fully fill zones, with automatic zone boundary adjustment during partial fills. Smart array management keeps only recent structure points for optimal performance while preventing duplicate signals from the same level.
🔶 Liquidity Zone Detection
Automatically identifies potential liquidity zones at key structure points for institutional trading analysis. The system tracks broken structure points and provides adaptive zone extension with configurable time-based limits for imbalance areas.
🔶 Visual Structure Mapping
Provides clear visual indicators including swing labels with color-coded significance levels, dashed lines connecting break points with BOS/DC labels, and break signals for continuation and reversal patterns. The adaptive zones feature smart management with automatic mitigation tracking.
🔶 Market Structure Interpretation
HH/HL patterns indicate bullish market structure with trend continuation likelihood, while LH/LL patterns signal bearish structure with downtrend continuation expected. BOS signals represent structure breaks in trend direction for continuation opportunities, while DC signals warn of potential reversals.
🔶 Performance Optimization
Automatic cleanup of old structure points (keeps last 8 points), recent break tracking (keeps last 5 break events), and efficient array management ensure smooth performance across all timeframes and market conditions.
Why Choose Ultimate Market Structure ?
This indicator provides traders with institutional-grade market structure analysis, combining multiple analytical approaches into one comprehensive tool. By identifying key structure levels, imbalance zones, and break patterns with advanced significance scoring, it helps traders understand market dynamics and position themselves for high-probability trade setups in alignment with smart money concepts. The sophisticated trend scoring system and intelligent zone management make it an essential tool for any serious trader looking to decode market structure with precision and confidence.
Pivot Squeeze IndicatorThe Pivot Squeeze Indicator is an oscillator that identifies when markets are "squeezed" between recent pivot highs and lows, then signals when they're ready to make their next big move.
How it Works
The indicator calculates the percentage distance between the current price and the most recent pivot high vs. pivot low. When this distance gets compressed (small), the market is "squeezed" and building energy. When it expands rapidly, you get your breakout signal.
The indicator adapts to current market volatility using four different modes:
- ATR-Based
- Bollinger Bands
- Keltner Channels
- Fixed %
What to Look For
🟠 Orange Background = Squeeze Zone
Market is compressed between recent pivots
Low volatility, building pressure
🟢 Green Breakout = Bullish Signal
Price breaking out above recent highs
Momentum shifting upward
Time to look for long opportunities
🔴 Red Breakout = Bearish Signal
Price breaking down below recent lows
Momentum shifting downward
Time to look for short opportunities
Using Histogram Colors:
Green bars = Bullish territory (closer to recent highs)
Red bars = Bearish territory (closer to recent lows)
Orange bars = Squeeze conditions (compressed between pivots)
Using MA Line:
When Histogram bars cross below or above MA Line in opposite direction, it might be good time to exit.
Default Settings: ATR-based thresholds with 14-period lookback - works great out of the box, but feel free to experiment with the different threshold modes to find what works best for your trading style! Recommended to use with other indicators to confirm signals
Current Typical Prices3 Plots for the current Typical price (using the current candle Close). The first plot is a user configurable, 1 hour or 4 hour. The 2nd is the daily and the 3rd is the weekly.
Typical price = (High + Low + Close) /3. Also known as the Pivot Point.
My first indicator using Gemini.
Enjoy!
CALLS & PUTS ENTRY AT KEY PIVOTSPine Script®: Calls & Puts Entry at Key Pivots
This Pine Script® indicator, licensed under the Mozilla Public License 2.0, is designed to identify key pivot points on a price chart and provide clear entry signals for options trading. Created by © StanTheTradingMan, the script highlights potential "Calls" and "Puts" entry points based on pivot highs and lows, making it a valuable tool for traders seeking to capitalize on reversals at critical price levels.
Features
* Pivot Detection : Automatically identifies pivot highs (potential resistance) and pivot lows (potential support) using user-defined lookback periods.
* Visual Cues : Displays horizontal lines at pivot levels and labels them as "ENTER PUTS" for pivot highs and "ENTER CALLS" for pivot lows.
* Customizable Inputs : Allows users to adjust the left and right lookback periods for pivot detection and toggle the visibility of lines and labels.
* Overlay Indicator : Plots directly on the price chart for seamless integration with other technical analysis tools.
How It Works
The script uses TradingView's ta.pivothigh and ta.pivotlow functions to detect pivot points based on the specified number of left and right bars. When a pivot high is confirmed, it signals a potential "Puts" entry, indicating a bearish reversal opportunity. Conversely, a pivot low signals a potential "Calls" entry, suggesting a bullish reversal. Visual elements include:
Red lines and labels for pivot highs, indicating "ENTER PUTS."
Green lines and labels for pivot lows, indicating "ENTER CALLS."
Input Parameters
Left Bars: Number of bars to the left for pivot calculation (default: 5).
Right Bars: Number of bars to the right for pivot confirmation (default: 5).
Show Lines: Toggle to display horizontal lines at pivot levels (default: true).
Show Labels: Toggle to display "ENTER CALLS" or "ENTER PUTS" labels (default: true).
Usage
* Add the indicator to your TradingView chart via the Pine Editor.
* Adjust the input settings to fine-tune pivot detection based on your trading style or timeframe.
* Use the labeled entry signals to identify potential options trading opportunities at key support and resistance levels.
* Combine with other technical indicators (e.g., RSI, MACD) or price action analysis for enhanced decision-making.
Notes
* This indicator is best suited for options traders or those looking to trade reversals at key pivot points.
* Ensure proper risk management, as pivot points are not guaranteed reversal levels.
* The script is written in Pine Script® v5 and is compatible with TradingView’s latest platform features.
License
This script is released under the Mozilla Public License 2.0. For more details, visit mozilla.org
Legal Disclaimer
The "Calls & Puts Entry at Key Pivots" indicator is provided for informational and educational purposes only and should not be construed as financial, investment, or trading advice. Trading and investing involve significant risks, including the potential loss of principal. The signals generated by this indicator are based on historical price data and technical analysis, which do not guarantee future results. Users are solely responsible for their trading decisions and should conduct their own research, consult with a qualified financial advisor, and consider their risk tolerance before engaging in any trading activity. The author, © StanTheTradingMan, and any associated parties are not liable for any losses, damages, or claims arising from the use of this script. The script is provided "as is" without warranties of any kind, express or implied, including but not limited to accuracy, reliability, or fitness for a particular purpose. By using this script, you agree to the terms of the Mozilla Public License 2.0 and acknowledge that you have read and understood this disclaimer.
FTA SystemThe FTA System is a structured analysis tool for intraday traders that combines dynamic levels and signal insights to support directional bias assessment. It is designed to highlight potential reaction zones and assist with scenario planning across different timeframes.
Key Features
• Automatically generates key levels on supported intraday timeframes
• Real-time bias table showing current LTF and HTF directional context
• Session marker for traders focused on specific intraday periods
• Configurable signal display with control over type, strength, and visibility
• Signals based on overbought/oversold conditions to assist with entry identification
• Customizable signal counter table based on user-defined lookback window
• Includes built-in alerts triggered by signal events
⚠️ This system is for analytical purposes only. No outcome is guaranteed, and past performance does not imply future results.
Mouse Trader 0389936666 (XAUUSD-M1)The "Mouse Trader" indicator is a powerful Pine Script tool designed for XAU/USD (Gold) trading on the 1-minute (M1) timeframe. It incorporates a sophisticated set of conditions to identify potential trading opportunities, focusing on specific candlestick patterns and volume dynamics, combined with advanced capital management features.
Key Features:
1. Independent of Higher Timeframe Structure: Unlike many indicators, "Mouse Trader" operates effectively on the M1 timeframe without needing confirmation from larger timeframes. This means you get timely signals directly on the fast-moving Gold market.
2. Low Stop Loss, 1:1 Risk/Reward: This indicator is designed to identify positions with a tight, low stop loss, aiming for a 1:1 Risk-to-Reward ratio. This approach allows you to take trades with well-defined risk, maximizing your trading efficiency.
3. Opportunistic Trading: Signals are generated whenever conditions are met, giving you the flexibility to seize trading opportunities as they appear throughout the trading session.
Volume Analysis: Integrates a Volume Moving Average to spot significant volume spikes and increasing volume, adding confluence to signals.
4. Automated Capital Management: Provides real-time calculations for:
- Stop Loss (SL) Price: Dynamically calculated based on the low (for Buy signals) or high (for Sell signals) of the qualifying signal candle, aiding in risk control.
- Calculated Lot Size: Automatically determines the appropriate lot size based on your predefined risk amount per trade and the calculated stop-loss distance, helping you manage your exposure effectively.
Clean Chart View: Providing a cleaner and less cluttered visual experience.
Contact for Use:
For any questions, support, or to learn more about how "Mouse Trader" can enhance your trading, please connect with us:
- Email: phamtuananh1807@gmail.com
- Zalo OTA: +84389936666
Pivot PointThe most comprehensive Pivot Point .
最全面的 樞軸點
Support:
Always Free 永久公開 免費
Multi Timeframe 多時間框架
Backtest Friendly 快速回測
Personalization 高度個性化調整
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Pivot Point Indicator
The Pivot Point Indicator is a powerful tool that calculates pivot point levels on daily, weekly, and monthly timeframes. It helps traders identify potential support and resistance levels in the market. This indicator allows you to customize the display of pivot point levels, giving you the flexibility to show only the latest pivot point level if desired.
Features:
Pivot Point Calculation: The indicator calculates pivot point levels based on the selected timeframe (daily, weekly, or monthly). Pivot points are calculated using a specific formula that takes into account the previous period's high, low, and close prices.
Multiple Timeframe Analysis: You can use the indicator to analyze pivot points on different timeframes. This allows you to identify key levels of support and resistance across various time periods, providing valuable insights for your trading decisions.
Customizable Display: The indicator offers customization options for displaying pivot point levels. You can choose whether to display pivot point levels for all calculated timeframes or only show the latest pivot point level. This customization feature enables you to focus on the most relevant information for your trading strategy.
Formula Options: The Pivot Point Indicator provides four formula options for calculating pivot point levels: Classic, Camarilla, Woodie, and Fibonacci. You can select the formula that best suits your trading style and preferences.
How to Use:
Add the Pivot Point Indicator to your chart by selecting it from the indicators list.
Choose the desired timeframe (daily, weekly, or monthly) for pivot point calculation. The indicator will automatically calculate the pivot point levels based on the selected timeframe.
Select the formula option (Classic, Camarilla, Woodie, or Fibonacci) that you want to use for calculating pivot point levels. Each formula has its own characteristics and may provide different levels of support and resistance.
Customize the display options according to your preference. You can choose to display pivot point levels for all timeframes or only show the latest pivot point level.
Analyze the pivot point levels to identify potential support and resistance areas on the chart. These levels can serve as entry and exit points for your trades.
The Pivot Point Indicator provides valuable insights into market trends and helps traders make informed trading decisions. Start using this indicator today and enhance your trading strategy with the power of pivot points!
Marketoolkit - MTF AutoFibA next-generation automatic Fibonacci retracement tool for true multi-timeframe analysis.
Description:
Multi Timeframe AutoFib empowers you to display Fibonacci retracement levels sourced from any timeframe, regardless of which chart timeframe you are currently viewing. Whether you’re trading intraday on the 1-minute chart or analyzing swing setups on daily or weekly candles, this indicator lets you overlay the fib levels calculated from the timeframe you select in the settings menu.
Key Features:
* Flexible Timeframe Selection: Choose the reference timeframe for Fibonacci calculations (e.g., 1H, 4H, Daily, Weekly, etc.) directly from the settings.
* Consistent Analysis: No matter which timeframe your chart is set to, the fib levels always reflect the price action and range of your chosen reference timeframe.
* Clean Visuals: Each Fibonacci level is plotted as a colored line, with easy-to-see filled zones for quick support/resistance visualization.
* Automatic Range Detection: The fib levels are calculated using the highest and lowest closes over a customizable lookback period.
How to Use:
1. Add the indicator to your chart.
2. In the settings panel, choose your desired “Fibonacci Source Timeframe” and “Lookback Length”.
3. Instantly see the Fibonacci levels from your selected timeframe, overlaid on any chart interval you’re viewing.
4. Use the colored zones to spot high-probability reversal areas, manage your trades and enhance your multi-timeframe confluence.
Who is it for?
This tool is perfect for:
* Multi-timeframe traders and analysts
* Scalpers looking for higher timeframe fib confluence
* Swing traders and investors seeking robust fib levels
* Anyone wanting a fast, flexible way to anchor fibs from other timeframes
Tip:
Try overlaying the daily fib levels on a 5m/15m/1H chart to spot major reaction zones that most traders miss!
⚠️For educational and informational purposes only. Not financial advice.
Liquidity & Voids (Free Version)Liquidity & Voids (Free Version)
This indicator is a powerful tool for traders using Smart Money Concepts (SMC). It automatically identifies and plots key areas of liquidity and price imbalances directly on your chart, helping you to visualize the market's structure with ease and precision.
This free version provides a robust set of features to enhance your technical analysis and identify high-probability trading setups.
Key Features (What You Get)
Multi-Timeframe Major & Internal Liquidity: Automatically plot significant swing highs and lows (pivots) from any timeframe you choose (e.g., 15m, 1H, 4H) onto your current chart. Major liquidity is marked with solid red lines, while shorter-term internal liquidity is marked with dotted purple lines.
Automatic Sweep Detection: Lines are automatically marked as 'swept' when price trades through them. Unswept lines extend to the right, while swept lines are fixed in time and change their style, giving you a clean and readable chart.
Recent Sweep Highlighting: To help you focus on the most recent price action, the indicator keeps the last few major liquidity sweeps highlighted in their original bright color, making it easy to spot key reactions.
Historical Confluence Labels: Gain a deeper understanding of your levels. The script automatically adds labels (e.g., D-HIGH, W-LOW) to liquidity lines that align with previous Daily, Weekly, or 4-Hour highs and lows, signifying areas of major historical importance.
Liquidity Voids / FVGs (Current Timeframe): Instantly identifies and draws Fair Value Gaps (FVGs) on your current chart timeframe. Bullish voids are marked with blue boxes and bearish voids with red boxes, highlighting areas where price may be drawn to.
How to Use This Indicator
Identify Targets: Watch for price to gravitate towards the red (major) and purple (internal) liquidity lines. These represent pools of buy-side and sell-side liquidity.
Confirm Sweeps: A 'sweep' occurs when price wicks through a line, which then changes its appearance. This often signals a reversal or continuation.
Find Confluence: Pay close attention to the historical labels (D-HIGH, W-LOW, etc.). Sweeps of these levels are often significant market events.
Analyze Voids: Use the FVG boxes to identify price imbalances. Price will often seek to fill these voids, making them excellent targets or areas of interest for entries.
⭐Premium Version! ⭐
This free version provides essential tools, but the premium version is designed for traders who demand maximum precision and efficiency. Upgrade to gain your edge with these exclusive features:
Instant Alerts on Sweeps: Stop watching the charts all day. Get instant notifications delivered to your phone or desktop the moment major buy-side or sell-side liquidity is swept. Never miss a key market event again.
Auto Multi-Timeframe FVG Detection: This is a game-changer. Stop manually switching timeframes to find imbalances. The premium version intelligently finds and plots the most relevant voids from higher timeframes (e.g., 1H FVGs on a 15m chart) directly on your chart, giving you a complete, contextual view of the market at a glance
BullTrading Easy Tops & BottomsTRADING TOOL OVERVIEW
The Easy Tops & Bottoms indicator identifies potential reversal points on intraday charts by analysing volatility patterns and momentum shifts during major trading sessions. It projects horizontal zones that may act as support or resistance, adapting dynamically to price behavior.
This indicator is designed for use on intraday timeframes from 1-minute to 15-minute charts only.
HOW THE INDICATOR WORKS
The indicator uses an adaptive algorithm to evaluate momentum exhaustion and volatility clusters within intraday sessions (aligned with New York local time). It generates time based zones when conditions indicate potential trend reversals, such as after volatility spikes followed by contraction. These zones extend horizontally until price breaks boundaries or a bar limit is reached.
- Support Zones : Formed during bullish sessions with tail volatility, suggesting potential bottoms.
- Resistance Zones : Formed during bearish sessions with wick volatility, suggesting potential tops.
Zones are filtered for significant sessions to focus on meaningful price action. Signals trigger based on price interaction with the zone, requiring a specific relationship between the candle's low, high, and close relative to the zone level—for example, engulfing the level but closing in the reversal direction.
Note that signals and zone behaviors will differ across timeframes (e.g., 1m, 5m, 15m) due to varying candle sizes affecting how closes relate to zone triggers. Shorter timeframes may show more frequent but noisier interactions, while longer ones capture broader momentum shifts.
USERS GUIDE
What the Indicator Does?
The indicator has two operating modes: Buy/Sell Signal Mode (suitable for beginners and trend-following traders—important note: trend-following traders must filter according to their own trend criteria) and Support/Resistance Mode, which is a full and complete trading system.
- Plots Dynamic Zones: Horizontal boxes appear at qualifying session ends, representing support (bottoms) or resistance (tops).
- Active zones use a semi-transparent colour (customisable) and extend rightward while valid.
- Expired zones (after break or timeout) shift to a historical colour for reference.
- Generates Signals (in Buy/Sell Signal Mode): Labels appear on zone interactions confirming reversal potential:
- "BUY" (green) for support zones.
- "SELL" (red) for resistance zones.
- Time Based Focus: Ties to intraday periods like Asian, London, and New York transitions. Use NY Local Time in your charts.
- Additional Elements: Includes a watermark with symbol, timeframe, and date; an optional NotePad table for notes.
How to Interpret Signals
- Zone Dynamics: Active zones indicate ongoing validity; expiration signals a potential shift (e.g., a support break may turn it into resistance).
- Signal Triggers: Require price to test the zone level with a closing bias toward reversal. These are suitable for beginners learning basic reversals or trend traders adding their own filters (e.g., moving averages for direction).
- Value for Users: Beginners can use zone height to set stop-loss (SL) below/above the box, enabling a 1:2 risk-reward ratio (RR) for take-profit (TP) at twice the zone distance.
- Timeframe Variations: Expect different signals on 1m vs. 15m, as smaller candles on lower frames may trigger more selectively based on close positions relative to zones.
- Note on Entries in Internal Range Zones: For all entries (the Internal Range inside range zones), when a big zone swallows smaller zones ahead, consider using the bigger zone or the SL price level as an entry level.
PRACTICAL TRADING SCENARIOS
Here, we expand on how to apply the indicator in real-world trading, with detailed examples for each mode. These scenarios assume a basic understanding of risk management, such as position sizing at 0.5-1.5% of account capital per trade. Always backtest these ideas on historical data for your specific instrument (e.g., forex pairs like EUR/USD or indices like US30).
Buy/Sell Signal Mode: Reversal and Trend-Following Applications
This mode is ideal for spotting reversal opportunities while allowing flexibility for trend filters. Signals appear as labels when price interacts with zones in a confirmatory way, making it beginner-friendly for learning entry points. Trend-following traders should overlay their preferred trend indicators (e.g., a 50-period EMA) to avoid counter-trend trades.
Important critical note: In this mode, the 1:2 RR is based and measured directly on the zone height (not on the actual distance from entry price to SL). The correct SL placement is at the far edge of the zone (e.g., zone bottom for buys, zone top for sells), and TP is set at twice the zone height from the signal level (the key trigger price where the label appears).
- Basic Reversal Scalping (Beginner-Friendly): On a 5-minute chart during the London session open, after a sharp down-move in EUR/USD, a support zone forms with signal level at 1.0850 (zone top) and height of 10 pips (zone bottom at 1.0840). Wait for a "BUY" signal when price dips to test the zone (low touches 1.0850) but closes above it. Enter long at the current price (e.g., 1.0855). Set SL at the zone bottom (1.0840), and TP at the signal level + 2x zone height (1.0850 + 20 pips = 1.0870). This ensures the 1:2 RR is measured purely on the zone (risk = 10 pips zone height, reward = 20 pips), regardless of exact entry. If volatility is high (filter enabled), this setup prioritizes stronger sessions for better win rates.
- Trend-Following with Filter: On a 15-minute chart of GBP/JPY during New York AM, the overall trend is upward (price above a 200-period SMA). A support zone appears with signal level at 185.20 (zone top) after a pullback, with a height of 20 pips (zone bottom at 185.00). Ignore any "SELL" signals as they counter the trend; instead, wait for a "BUY" when price tests the zone from above and closes bullishly. Enter long at the current price (e.g., 185.25). Set SL at the zone bottom (185.00), and TP at the signal level + 2x zone height (185.20 + 40 pips = 185.60). Add a trend filter like MACD histogram turning positive for confirmation, reducing whipsaws in ranging markets. The RR remains 1:2 based on the zone (risk = 20 pips height, reward = 40 pips).
- Range-Bound Day Trading: In a 1-minute chart of USD/JPY during Asian session consolidation, multiple zones form stacking as support/resistance. Monitor for "SELL" at a resistance zone with signal level at 147.80 (zone bottom) and height of 8 pips (zone top at 147.88) after an uptick. Enter short on the signal at the current price (e.g., 147.78). Set SL at the zone top (147.88), and TP at the signal level - 2x zone height (147.80 - 16 pips = 147.64). Shorter timeframes like 1m may produce more signals due to tighter candle closes, but use the volatility filter to avoid flat periods—test historically to see how 1m noise compares to 15m's smoother triggers. The RR is fixed at 1:2 on the zone (risk = 8 pips height, reward = 16 pips).
Support/Resistance Mode: Standalone Contrarian System for Fading Breaks
This mode hides signals and labels, turning the indicator into a complete contrarian trading system focused on fading zone breaks. It treats broken zones as "flips"—a broken support becomes potential resistance, and vice versa. Entries use limit orders at a distance equal to the zone height, with fixed 1:2 RR based on that height. No additional filters are required, but combining with session timing enhances edge. Alerts fire on new zone creation, allowing proactive setup.
When a setup results in a stop loss in Support/Resistance Mode, the original zone can be used for a "Stop & Reverse" trade with the same trading proportions. This means reversing the position direction upon hitting SL, using the original zone to set the new entry (at the box top/bottom trigger level), SL (at the opposite box edge), and TP (2x the height beyond entry)—effectively capturing momentum in the opposite direction while maintaining the 1:2 RR.
- Fading a Support Break (Short Setup): On a 5-minute chart of AUD/USD during NY PM, a support zone at 0.6650 (height 12 pips) breaks when low pierces below 0.6638. Consider the zone flipped to resistance. Place a sell limit order 12 pips above the broken zone (at 0.6662), SL 12 pips above entry (0.6674), and TP 24 pips below entry (0.6638, achieving 1:2 RR). This anticipates sellers re-entering on pullbacks to the former support. If the volatility filter is on, this only applies to significant breaks; historically, test on pairs with clear pip values to adjust for spreads.
Stop & Reverse Scenario: If the short position hits SL at 0.6674 (price rallies above), reverse to a long position. Use the original 12-pip zone: Place a buy limit order on the original broken support (now acting as flipped resistance, at 0.6650 box top), SL 12 pips below the new entry (0.6638 box bottom), and TP 24 pips above the new entry (0.6674, maintaining 1:2 RR). This captures potential upside momentum after the false break.
- Fading a Resistance Break (Long Setup): In a 15-minute chart of Nasdaq futures (NQ) during London close, a resistance zone at 18500 (height 50 points) breaks upward (high > 18550). Flip it to support. Place a buy limit order 50 points below the broken zone (at 18450), SL 50 points below entry (18400), TP 100 points above entry (18550). This catches pullbacks in uptrends. Longer timeframes like 15m may show fewer but more reliable breaks due to broader candle relationships—compare to 1m, where smaller candles might invalidate zones quicker.
Stop & Reverse Scenario: If the long position hits SL at 18400 (price drops below), reverse to a short position. Use the original 50-point zone: Place a sell limit order on the original broken resistance (now acting as flipped support, at 18500 box bottom), SL 50 points above the new entry (18550 box top), and TP 100 points below the new entry (18400, maintaining 1:2 RR). This captures potential downside momentum after the false break.
- Multi-Zone Contrarian Scalping in High-Volatility Sessions: On a 1-minute chart of Bitcoin (BTC/USD) during NY open, several zones form and break in quick succession. After a resistance at 65000 (height 200 USD) breaks, place buy limit 200 USD below (64800), SL at 64600, TP at 65200. Conversely, for a broken support at 64000 (height 150 USD), sell limit 150 USD above (64150), SL 64300, TP 63850. Use the max bars setting to limit zone lifespan in fast markets; enable volatility filter to focus on explosive sessions like news releases. This mode's standalone nature suits automated mindsets—backtest to quantify edge, noting 1m's frequent triggers vs. 15m's strategic ones.
Stop & Reverse Scenario: For the buy after resistance break, if it hits SL at 64600 (price falls below), reverse to short. Use the original 200 USD zone: Place a sell limit order on the original broken resistance (now acting as flipped support, at 65000 box bottom), SL 200 USD above the new entry (65200 box top), TP 400 USD below the new entry (64600, maintaining 1:2 RR). Similarly, for the sell after support break, if it hits SL at 64300 (price rallies above), reverse to buy: Use the original 150 USD zone: Place a buy limit order on the original broken support (now acting as flipped resistance, at 64000 box top), SL 150 USD below the new entry (63850 box bottom), TP 300 USD above the new entry (64300, maintaining 1:2 RR). This captures potential momentum after the false breaks.
- Risk Considerations for Both Modes: Always test scenarios historically and adjust for instrument specifics like pip/point values and spreads. For example, forex might use 1-2 pip buffers, while crypto needs larger due to volatility. This is not trading advice; users should evaluate independently and consult professionals.
KEY SETTINGS
- Indicator Mode: "Buy/Sell Signal Mode" for signals; "Support/Resistance Mode" for zones only.
- Show S/R Zones: Toggle box visibility.
- Colours: Customise active/historical zones, buy/sell labels.
- Max Bars for Signal: Zone extension limit (default: 288).
- Require Significant Volatility: Filter for notable sessions (default: true).
- Days to Keep Historical Zones: Retention period (default: 7).
- Show NotePad?: Toggle notes table.
ALERTS
- Signal Mode: On BUY/SELL triggers.
- S/R Mode: On new zone creation.
Backtest thoroughly before use.
Why Protected?
This script uses a proprietary zone detection method designed to highlight support/resistance zones in a clear, structured way. To maintain the integrity and unique utility of the algorithm, the code is closed-source.
Important Considerations
This tool does not guarantee profits and is not intended to replace sound trade management or risk discipline. It is designed to aid traders in visualiSing market structure. Use responsibly with appropriate risk measures.
Legal Disclaimer
This indicator is provided for educational and informational purposes only. It is not intended as financial, investment, or trading advice, and does not constitute a recommendation to buy, sell, or hold any financial instrument.
Trading financial markets involves substantial risk. Past performance of any trading strategy or indicator is not indicative of future results. Users of this indicator assume full responsibility for their trading decisions. No guarantees are made regarding the accuracy, reliability, or profitability of the signals generated by this tool.
This indicator is published as-is, without any express or implied warranties. The publishers shall not be held liable for any losses or damages, direct or indirect, arising from the use, misuse, or reliance on this tool.
All trading decisions should be made with consideration of your financial situation and risk tolerance. Consultation with a licensed financial advisor is strongly recommended before making any investment decisions.
By using this indicator, you acknowledge and agree to these terms. Your use constitutes acceptance of full responsibility and the understanding that trading is inherently risky and should be approached with caution and discipline.
Advanced Premium Magic Levels With Table and StrategyAdvanced Premium Magic Levels A Technical Reversal Indicator
Description:
The Premium Magic Levels 2025 script is a powerful technical analysis tool designed to identify potential price reversal zones in financial markets. This script utilizes key price levels derived from the previous close and calculated opponent strike lines to plot actionable levels where reversals are likely to occur.
The concept is built upon the principle that historical price levels often serve as critical decision zones for traders. By analyzing price action relative to these levels, the script offers valuable insights for both day traders and swing traders aiming to capitalize on market reversals.
Core Concept:
Previous Close Level:
The script takes the previous day's (or session’s) close price as a baseline. This level often acts as a magnet for price movements or a point of reaction due to its psychological importance.
Opponent Strike Lines:
These are calculated dynamic levels based on price behavior. They represent zones where the market is likely to encounter resistance or support, depending on whether the price is rising or falling.
Reversal Zones:
The plotted lines signify areas where price reversals are statistically probable. These levels act as critical reference points for traders to anticipate trend changes or confirm their trading strategies.
Key Features:
Dynamic Level Plotting:
The script automatically adjusts and updates the levels based on the latest price action, ensuring relevance across different timeframes.
Visual Guidance:
The script plots clear and distinguishable levels on the chart, providing an intuitive visual aid for identifying potential reversals.
Multi-Asset Compatibility:
Works seamlessly across various asset classes, including stocks, indices, forex, and cryptocurrencies.
Customizable Settings:
Users can adjust parameters to align the calculations with their trading style and strategy preferences.
How to Use:
Add the Script to Your Chart:
Apply the Premium Magic Levels 2025 script to your chart from the Pine Script editor or the trading platform's public library.
Identify Key Levels:
Observe the plotted levels for the session:
Previous Close Level: A baseline price level often retested or respected by the market.
Opponent Strike Lines: Zones indicating potential resistance or support where reversals might occur.
Incorporate with Trading Strategy:
Use the levels as reference points to set entry, exit, or stop-loss orders.
Combine the indicator with other technical tools (e.g., RSI, MACD, Moving Averages) for confirmation.
Monitor Price Action:
Watch how the price reacts around the plotted levels. A rejection or breakout at these levels often signals significant market moves.
Benefits of the Script:
Enhances decision-making by providing clear reversal zones.
Reduces the complexity of manual level plotting and analysis.
Adapts to different market conditions with dynamic updates.
Suitable for traders of all experience levels, from beginners to professionals.
Note:
While the Premium Magic Levels 2026 script is a robust analytical tool, it should be used in conjunction with proper risk management and other trading strategies. Past performance of these levels does not guarantee future results.
Yanirax ModelThe Yanirax Model is an indicator that aims to leverage the information contained in opening gaps as a whole to detect market highs and lows in different time frames, showing its greatest effectiveness in 1-day candlestick charts.
The model does not include any type of moving average on the variables used, and therefore, there is no lag in the model, marking a large number of market highs and lows at the same time they occur. We recommend viewing the chart in daily candlesticks and adjusting the entry or exit with a 1-, 5-, or 30-minute candlestick chart, achieving a perfect adjustment.
The indicator includes five models that can be run independently or together, extracting the best results from the combination of models that use opening gaps with those that do not. The indicator includes the following models:
1) Asset macrostructure (Variables: Gap, Market, and Total Market)
2) YNRX model (Variables: G-M, TM+G, and TM+M)
3) RSG model (Variables: Gap, Market, and Total Market)
4) MBI model (Variables: (2*Close - High . Low)/4)
5) YNRY model (Variables: Daily range)
These models are based on a series of papers published in the HTM journal, all of which are compiled in the following link to SSRN: bit.ly
📊 52-Week Price % Distance (Advanced Table)This TradingView Pine Script displays a compact, informative table showing how far the current price is from the 52-week high and low, expressed as percentages.
Auto Price LevelThe most comprehensive auto price level .
最全面的 自動價格水平
Include:
Volume Profile 成交量分布
OHLC 開高低收
VWAP 成交量加權價格平均
Support:
Always Free 永久公開 免費
Multi Timeframe 多時間框架
Personalization 高度個性化調整
Liquidation MapThe most computationally accurate liquidation map on TradingView.
TradingView 上計算最精確的 清算地圖
Support:
Always Free 永久公開 免費
Lower Timeframe Data 小時間框架數據
Personalization 高度個性化調整
Super Trends AiMulti-timeframe trend analysis tool designed for a clean and simple user experience. It plots three distinct zones on the chart based on a Supertrend algorithm that uses Heikin Ashi candle data.
FXG Zone 1: 5-minute timeframe
FXG Zone 2: 15-minute timeframe
FXG Zone 3: 1-hour timeframe
Blue lines represent potential support in an uptrend, while red lines indicate potential resistance in a downtrend. All settings are pre-configured, so you only need to toggle the visibility of each zone.
RHA Cloud & Average Line (TradingFrog)Main Features and Special Characteristics
The RMA-Hybrid Candles are a proprietary development by (TradingFrog).
The indicator generates two alternative candle series based on a unique hybrid algorithm developed specifically for this indicator. This specially designed RMA-Hybrid algorithm smooths market movements on multiple levels and visualizes trends and trend reversals more clearly than classic candlesticks.
1. RMA-Hybrid Candles (Custom Formula Candles)
The alternative candles are calculated using a proprietary logic and provide a particularly smoothed representation of market movements.
Code snippet:
plotcandle(my_open, my_high, my_low, my_close, color = my_close >= my_open ? bullColor : bearColor, title = 'Formula Candles')
2. Heikin-Ashi Candles for Additional Trend Smoothing
In addition to the RMA-Hybrid candles, Heikin-Ashi candles are also displayed to make trend changes and trend strength even clearer.
Code snippet:
plotcandle(ha_open, ha_high, ha_low, ha_close, color = ha_close >= ha_open ? color.lime : color.red, title = 'Heikin Ashi Candles')
3. Pivot-Based Average Lines
Based on the alternative candles, pivot highs and lows are automatically detected and connected. From this, average lines are calculated, which serve as dynamic support and resistance lines.
Code snippet:
avgH = array.size(phArr) >= 5 ? array.avg(array.slice(phArr, 0, 5)) : na
plot(avgH, color = color.red, style = plot.style_line, linewidth = 2, title = 'Average Low Line (Custom Candles)')
4. Kumo Cloud (Ichimoku Cloud) as Trend Filter
The classic Ichimoku Cloud is calculated on the raw data and visualized as a colored cloud. It serves as a trend filter and highlights important support and resistance zones.
Code snippet:
fill(plot(senkouSpanAProjected, ...), plot(senkouSpanBProjected, ...), color = cloudColor, title = 'Kumo Cloud')
5. Flexible Box Size Control
The size of the alternative candles can be dynamically controlled via the ATR indicator or set manually to adjust the sensitivity for different markets.
Code snippet:
box_size = modus == 'ATR' ? atr * multiplikator : feste_boxgroesse
6. Automatic Signal Logic for Long and Short Signals
The indicator combines several criteria to automatically generate long or short signals. A signal appears only when all conditions are met simultaneously. This increases the reliability of the signals and helps to avoid false breakouts.
When does a signal appear?
Long Signal:
A long signal appears when
the Ichimoku Kumo Cloud indicates an uptrend (is_cloud_bull),
the current price is above the cloud (above_cloud),
and both the RMA-Hybrid candles and the Heikin-Ashi candles are bullish (green) (all_green).
Short Signal:
A short signal appears when
the Ichimoku Kumo Cloud indicates a downtrend (is_cloud_bear),
the current price is below the cloud (below_cloud),
and both the RMA-Hybrid candles and the Heikin-Ashi candles are bearish (red) (all_red).
Why does a signal appear?
A signal is generated because all major trend and momentum filters point in the same direction. This prevents signals from being generated against the prevailing main trend. The combination of trend filter (cloud), price position, and candle direction ensures high signal quality.
Code snippet:
long_signal = is_cloud_bull and above_cloud and all_green
short_signal = is_cloud_bear and below_cloud and all_red
var int signallage = 0
if long_signal and signallage != 1
signallage := 1 // Long signal is set
if short_signal and signallage != -1
signallage := -1 // Short signal is set
Summary:
A signal appears when trend, price position, and candle direction all align – ensuring entries are only made during the strongest trend phases.
Conclusion:
The “RHA Cloud & Average Line (TradingFrog)” indicator combines innovative price visualization, classic trend filters, and dynamic support/resistance lines in one tool. It assists traders in identifying clear trend and reversal points and making trading decisions based on a broad technical foundation.
Quantum Dip Hunter | AlphaNattQuantum Dip Hunter | AlphaNatt
🎯 Overview
The Quantum Dip Hunter is an advanced technical indicator designed to identify high-probability buying opportunities when price temporarily dips below dynamic support levels. Unlike simple oversold indicators, this system uses a sophisticated quality scoring algorithm to filter out low-quality dips and highlight only the best entry points.
"Buy the dip" - but only the right dips. Not all dips are created equal.
⚡ Key Features
5 Detection Methods: Choose from Dynamic, Fibonacci, Volatility, Volume Profile, or Hybrid modes
Quality Scoring System: Each dip is scored from 0-100% based on multiple factors
Smart Filtering: Only signals above your quality threshold are displayed
Visual Effects: Glow, Pulse, and Wave animations for the support line
Risk Management: Automatic stop-loss and take-profit calculations
Real-time Statistics: Live dashboard showing current market conditions
📊 How It Works
The indicator calculates a dynamic support line using your selected method
When price dips below this line, it evaluates the dip quality
Quality score is calculated based on: trend alignment (30%), volume (20%), RSI (20%), momentum (15%), and dip depth (15%)
If the score exceeds your minimum threshold, a buy signal arrow appears
Stop-loss and take-profit levels are automatically calculated and displayed
🚀 Detection Methods Explained
Dynamic Support
Adapts to recent price action
Best for: Trending markets
Uses ATR-adjusted lowest points
Fibonacci Support
Based on 61.8% and 78.6% retracement levels
Best for: Pullbacks in strong trends
Automatically switches between fib levels
Volatility Support
Uses Bollinger Band methodology
Best for: Range-bound markets
Adapts to changing volatility
Volume Profile Support
Finds high-volume price levels
Best for: Identifying institutional support
Updates dynamically as volume accumulates
Hybrid Mode
Combines all methods for maximum accuracy
Best for: All market conditions
Takes the most conservative support level
⚙️ Key Settings
Dip Detection Engine
Detection Method: Choose your preferred support calculation
Sensitivity: Higher = more sensitive to price movements (0.5-3.0)
Lookback Period: How far back to analyze (20-200 bars)
Dip Depth %: Minimum dip size to consider (0.5-10%)
Quality Filters
Trend Filter: Only buy dips in uptrends when enabled
Minimum Dip Score: Quality threshold for signals (0-100%)
Trend Strength: Required trend score when filter is on
📈 Trading Strategies
Conservative Approach
Use Dynamic method with Trend Filter ON
Set minimum score to 80%
Risk:Reward ratio of 2:1 or higher
Best for: Swing trading
Aggressive Approach
Use Hybrid method with Trend Filter OFF
Set minimum score to 60%
Risk:Reward ratio of 1:1
Best for: Day trading
Scalping Setup
Use Volatility method
Set sensitivity to 2.0+
Focus on Target 1 only
Best for: Quick trades
🎨 Visual Customization
Color Themes:
Neon: Bright cyan/magenta for dark backgrounds
Ocean: Cool blues and teals
Solar: Warm yellows and oranges
Matrix: Classic green terminal look
Gradient: Smooth color transitions
Line Styles:
Solid: Clean, simple line
Glow: Adds depth with glow effect
Pulse: Animated breathing effect
Wave: Oscillating wave pattern
💡 Pro Tips
Start with the Trend Filter ON to avoid catching falling knives
Higher quality scores (80%+) have better win rates but fewer signals
Use Volume Profile method near major support/resistance levels
Combine with your favorite momentum indicator for confirmation
The pulse animation can help draw attention to key levels
⚠️ Important Notes
This indicator identifies potential entries, not guaranteed profits
Always use proper risk management
Works best on liquid instruments with good volume
Backtest your settings before live trading
Not financial advice - use at your own risk
📊 Statistics Panel
The live statistics panel shows:
Current detection method
Support level value
Trend direction
Distance from support
Current signal status
🤝 Support
Created by AlphaNatt
For questions or suggestions, please comment below!
Happy dip hunting! 🎯
Not financial advice, always do your own research
Trend Buy/Sell Fibonacci Range - KLTThe Trend Buy/Sell Fibonacci Range – KLT indicator identifies bullish and bearish trends based on where the closing price is located within a Fibonacci range calculated from the last N candles (default is 10). Instead of analyzing individual candles, this tool takes a broader view of price action using Fibonacci retracement levels across a dynamic multi-candle range.
How It Works:
Range Calculation
The indicator calculates the highest high and lowest low over the last N candles to define the active price range (default: 10 bars).
Fibonacci Levels
Within this range, Fibonacci levels (0.236, 0.382, 0.5, 0.618, 0.786) are dynamically computed. These levels act as internal thresholds to evaluate bullish or bearish pressure.
Trend Identification (via Close Position):
If the closing price is above the 0.618 level, it indicates strong buy pressure → the candle turns green and an upward triangle appears.
If the closing price is below the 0.382 level, it suggests strong sell pressure → the candle turns red and a downward triangle is displayed.
If the close lies between 0.382 and 0.618, the market is considered neutral, and the candle is gray.
Visual Elements:
Colored candles to immediately spot trend conditions.
Triangle signals (optional) for clear Buy/Sell markers.
Fibonacci level lines plotted on the chart for full context (can be toggled on/off).
Customization Options:
Lookback period (number of candles to calculate the range)
Fibonacci threshold levels (upper/lower)
Show/hide arrows and Fibonacci lines
Why Use This Indicator?
This tool is perfect for traders who want a simple visual method to assess trend strength based on price structure, not indicators derived from lagging moving averages. It offers:
Cleaner market structure analysis
Objective trend zones
Customizable sensitivity
Recommended Use:
Works well in conjunction with support/resistance zones, volume, or momentum indicators.
Applicable to any asset class or timeframe.
Credits:
Developed by KLT, combining structure-based logic with Fibonacci precision.