Initial Balance Breakout Signals [LuxAlgo]The Initial Balance Breakout Signals help traders identify breakouts of the Initial Balance (IB) range.
The indicator includes automatic detection of IB or can use custom sessions, highlights top and bottom IB extensions, custom Fibonacci levels, and goes further with an IB forecast with two different modes.
๐ถ USAGE
The initial balance is the price range made within the first hour of the trading session. It is an intraday concept based on the idea that high volume and volatility enter the market through institutional trading at the start of the session, setting the tone for the rest of the day.
The initial balance is useful for gauging market sentiment, or, in other words, the relationship between buyers and sellers.
Bullish sentiment: Price trades above the IB range.
Mixed sentiment: Price trades within the IB range.
Bearish sentiment: Price trades below the IB range.
The initial balance high and low are important levels that many traders use to gauge sentiment. There are two main ideas behind trading around the IB range.
IB Extreme Breakout: When the price breaks and holds the IB high or low, there is a high probability that the price will continue in that direction.
IB Extreme Rejection: When the price tries to break those levels but fails, there is a high probability that it will reach the opposite IB extreme.
This indicator is a complete Initial Balance toolset with custom sessions, breakout signals, IB extensions, Fibonacci retracements, and an IB forecast. All of these features will be explained in the following sections.
๐น Custom Sessions and Signals
By default, sessions for Initial Balance and breakout signals are in Auto mode. This means that Initial Balance takes the first hour of the trading session and shows breakout signals for the rest of the session.
With this option, traders can use the tool for open range trading, making it highly versatile. The concept behind open range (OR) is the same as that of initial balance (IB), but in OR, the range is determined by the first minute, three or five minutes, or up to the first 30 minutes of the trading session.
As shown in the image above, the top chart uses the Auto feature for the IB and Breakouts sessions. The bottom chart has the Auto feature disabled to use custom sessions for both parameters. In this case, the first three minutes of the trading session are used, turning the tool into an Open Range trading indicator.
This chart shows another example of using custom sessions to display overnight NASDAQ futures sessions.
The left chart shows a custom session from the Tokyo open to the London open, and the right chart shows a custom session from the London open to the New York open.
The chart shows both the Asian and European sessions, their top and bottom extremes, and the breakout signals from those extremes.
๐น Initial Balance Extensions
Traders can easily extend both extremes of the Initial Balance to display their preferred targets for breakouts. Enable or disable any of them and set the IB percentage to use for the extension.
As the chart shows, the percentage selected on the settings panel directly affects the displayed levels.
Setting 25 means the tool will use a quarter of the detected initial balance range for extensions beyond the IB extremes. Setting 100 means the full IB range will be used.
Traders can use these extensions as targets for breakout signals.
๐น Fibonacci Levels
Traders can display default or custom Fibonacci levels on the IB range to trade retracements and assess the strength of market movements. Each level can be enabled or disabled and customized by level, color, and line style.
As we can see on the chart, after the IB was completed, prices were unable to fall below the 0.236 Fibonacci level. This indicates significant bullish pressure, so it is expected that prices will rise.
Traders can use these levels as guidelines to assess the strength of the side trying to penetrate the IB. In this case, the sellers were unable to move the market beyond the first level.
๐น Initial Balance Forecast
The tool features two different forecasting methods for the current IB. By default, it takes the average of the last ten values and applies a multiplier of one.
IB Against Previous Open: averages the difference between IB extremes and the open of the previous session.
Filter by current day of the week: averages the difference between IB extremes and the open of the current session for the same day of the week.
This feature allows traders to see the difference between the current IB and the average of the last IBs. It makes it very easy to interpret: if the current IB is higher than the average, buyers are in control; if it is lower than the average, sellers are in control.
For example, on the left side of the chart, we can see that the last day was very bullish because the IB was completely above the forecasted value. This is the IB mean of the last ten trading days.
On the right, we can see that on Monday, September 15, the IB traded slightly higher but within the forecasted value of the IB mean of the last ten Mondays. In this case, it is within expectations.
๐ถ SETTINGS
Display Last X IBs: Select how many IBs to display.
Initial Balance: Choose a custom session or enable the Auto feature.
Breakouts: Enable or disable breakouts. Choose custom session or enable the Auto feature.
๐น Extensions
Top Extension: Enable or disable the top extension and choose the percentage of IB to use.
Bottom extension: Enable or disable the bottom extension and choose the percentage of IB to use.
๐น Fibonacci Levels
Display Fibonacci: Enable or disable Fibonacci levels.
Reverse: Reverse Fibonacci levels.
Levels, Colors & Style
Display Labels: Enable or disable labels and choose text size.
๐น Forecast
Display Forecast: Select the forecast method.
- IB Against Previous Open: Calculates the average difference between the IB high and low and the previous day's IB open price.
- Filter by Current Day of Week: Calculates the average difference between the IB high and low and the IB open price for the same day of the week.
Forecast Memory: The number of data points used to calculate the average.
Forecast Multiplier: This multiplier will be applied to the average. Bigger numbers will result in wider predicted ranges.
Forecast Colors: Choose from a variety of colors.
Forecast Style: Choose a line style.
๐น Style
Initial Balance Colors
Extension Transparency: Choose the extension's transparency. 0 is solid, and 100 is fully transparent.
Pivot points and levels
Universal Gann Square & Cube LevelsUniversal Gann Square & Cube Levels - Dynamic Support/Resistance
Description:
๐ UNIVERSAL GANN LEVELS INDICATOR
This powerful indicator automatically plots Gann Square and Cube levels around the current stock price, providing dynamic support and resistance levels based on W.D. Gann's mathematical theories.
๐ฏ KEY FEATURES:
โ
Auto-Adaptive: Works for ANY stock price (โน20 to โน100,000+)
โ
Real-time Detection: Uses current close price automatically
โ
Dual Level System: Square levels (black) + Cube levels (red)
โ
Customizable Range: Adjust percentage range (5% to 50%)
โ
Clean Display: Toggle square/cube lines independently
โ
Universal Compatibility: Works on all timeframes and instruments
๐ HOW IT WORKS:
Square Levels (Black Lines): Based on perfect squares (nยฒ) around current price
Cube Levels (Red Lines): Based on perfect cubes (nยณ) around current price
Smart Range: Automatically calculates relevant levels within your specified percentage range
Info Display: Shows current price and level counts
โ๏ธ SETTINGS:
Price Range %: Control how many levels appear (default: 15%)
Show Square Levels: Toggle black square lines on/off
Show Cube Levels: Toggle red cube lines on/off
๐ฅ PERFECT FOR:
Day traders seeking precise entry/exit points
Swing traders identifying key support/resistance zones
Gann theory practitioners and students
Multi-timeframe analysis across all instruments
๐ก USAGE TIPS:
Use 10-20% range for active day trading
Use 30-50% range for swing trading analysis
Watch for price reactions at square/cube intersections
Combine with volume analysis for confirmation
๐ WHY THIS INDICATOR?
Unlike fixed Gann calculators, this indicator dynamically adapts to ANY price level, making it truly universal for Indian stocks, crypto, forex, and commodities.
โ ๏ธ DISCLAIMER:
This indicator is for educational and informational purposes only. It is not financial advice and should not be considered as a recommendation to buy or sell any security. Trading involves significant risk of loss and may not be suitable for all investors. Past performance does not guarantee future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The developer assumes no responsibility for any trading losses incurred through the use of this indicator.
๐ COMPATIBILITY:
All TradingView plans
All timeframes (1m to 1M)
Stocks, Crypto, Forex, Commodities
Mobile and desktop platforms
J. YOUNG INDICATOR (2)QUICK REFERENCE to help with a PRICE FOR OPTIONS and or B/H entry MEDIAN PRICE of the MONTHLY/QUARTERLY aVWAPS to get a more accurate price point
CB Charts - GEX MESZ2025/ESZ2025Last Updated: 09/22/2025 6:41 a.m. PST
*DISCLAIMER: Only intended for ESZ2025/MESZ2025 charts.
This indicator plots horizontal levels based on batched GEX levels for ESZ2025/MESZ2025. The batched data is derived from contracts expiring: 0DTE, 1DTE, EoW, EoM, Next Week, Next Month and 3-months out. Labels are available for a high-level view of which levels are which. Hovering (or long-pressing on mobile TV) over the labels will display the nominal values and Rank. This script is manually updated and may not be always updated.
When and what to use:
- Most respected levels come from 1DTE, EoW and EoM.
- 0DTE is included for when this script becomes intraday updated. (CURRENTLY NOT UPDATED INTRADAY)
- Next Week setting is best used only for Friday and Sunday trading
- Next Month setting is best for weeks close to the end of the current month
Powered by the Camels of Wallstreet
Adaptive Pivot Zonesโ OVERVIEW
The "Adaptive Pivot Zones" indicator is a versatile tool designed to identify and visualize key pivot levels directly on the price chart. By detecting pivot highs and lows, the indicator calculates dynamic support and resistance zones based on user-defined levels (default: 0.382, 0.5, 0.618). These zones adapt to market volatility, providing traders with clear visual cues for potential reversal or continuation points. The indicator offers extensive customization options, such as adjusting colors, smoothing lines, and setting fill transparency, making it highly adaptable to various trading styles.
โ CONCEPTS
The "Adaptive Pivot Zones" indicator simplifies the identification of significant price levels by plotting three dynamic pivot lines, which can be smoothed to reduce market noise. The indicator dynamically changes the colors of the lines and fill zones based on price action, using bullish, bearish, or neutral colors to reflect market sentiment.
โ CALCULATIONS
The indicator relies on the following calculations:
- Pivot Detection: Pivot highs (ta.pivothigh) and pivot lows (ta.pivotlow) are identified using a user-defined pivot length (default: 10). Pivots represent significant price peaks and troughs. Higher pivot length values produce more stable levels but introduce a delay equal to the set value. For more aggressive strategies, the pivot length can be reduced.
- Pivot Levels: When both a pivot high and low are detected, the range between them is calculated (rng = drHigh - drLow). Three pivot levels are computed as:
Line 1: drLow + rng * pivotLevel1
Line 2: drLow + rng * pivotLevel2
Line 3: drLow + rng * pivotLevel3
- Smoothing: Pivot lines can be smoothed using a simple moving average (SMA) with a user-defined smoothing length (default: 1) to reduce noise and improve readability.
- Color Logic: Lines and fill zones are colored based on the price position relative to the pivot zones:
If the price is below the lowest pivot line, a bearish color is used (default: red).
If the price is above the highest pivot line, a bullish color is used (default: green).
If the price is within the pivot zones and the neutral color option is enabled, a neutral color is used (default: gray); otherwise, the previous color is retained.
- Fill Zones: The areas between pivot lines are filled with a user-defined transparency level (default: 80) to visually highlight support and resistance zones.
โ INDICATOR FEATURES
- Dynamic Pivot Lines: Three adaptive pivot lines (default levels: 0.382, 0.5, 0.618) are plotted on the price chart, adjusting to market volatility.
- Smoothing: User-defined smoothing length (default: 1) for pivot lines to reduce noise and enhance signal clarity.
- Dynamic Coloring: Lines and fill zones change color based on price action (bullish, bearish, or neutral when the price moves within the zone), reflecting market sentiment.
- Fill Zones: Transparent fills between pivot lines to visually highlight support and resistance zones.
- Customization: Options to adjust pivot length, pivot levels, smoothing, colors, transparency, and enable/disable neutral color logic.
โ HOW TO SET UP THE INDICATOR
- Add the "Adaptive Pivot Zones" indicator to your TradingView chart.
- Configure parameters in the settings, such as pivot length, pivot levels, smoothing length, and colors, to align with your trading strategy. Without smoothing, lines behave like levels; with smoothing, they act like bands. All three levels can be set to the same value to obtain a single level or a line behaving like a moving average derived from pivots.
- Enable or disable the neutral color option (for prices moving within the zone) and adjust fill transparency for optimal visualization.
- Adjust line thickness and style in the "Style" section to improve chart readability.
Example of bands โ lines behave like support/resistance zones.
Example of a moving average derived from pivots โ line behaves like a pivot-based MA.
โ HOW TO USE
Add the indicator to your chart, adjust the settings, and observe price interactions with the pivot lines and zones to identify potential trading opportunities. Key signals include:
- Price Interaction with Pivot Lines: When the price approaches or crosses a pivot line, it may indicate a potential support or resistance level. A bounce from a pivot line could signal a reversal, while a breakout might suggest trend continuation.
- Zone-Based Signals and Trend Line Usage: Price movement within or outside the filled zones can indicate market sentiment. Price below the lowest pivot line suggests bearish momentum, price above the highest pivot line suggests bullish momentum, and price within the zones may indicate consolidation. With higher pivot length values, the indicator can be used as a trend line, particularly during clear market movements.
- Color Changes: Shifts in line and fill colors (bullish, bearish, or neutral) provide visual cues about changing market conditions.
- Confirmation with Other Tools: Combine the indicator with tools like RSI or Bollinger Bands to validate signals and improve trade accuracy. For example, a buy signal from RSI in the oversold zone combined with a bounce from the lowest pivot line may indicate a strong entry point.
Smart Money LITE โ Daily Sweep โ HQ Signals (VWAP โข FVG โข CHoCH) ๐ PRO VERSION (VWAP + FVG + CHoCH โ full confirmations, all timeframes):
chartedgepro.gumroad.com/l/rmnbhw
Daily liquidity sweep โ confluence signals with VWAP, FVG & CHoCH. Works on all timeframes & markets (Indices, Forex, Crypto).
WHAT IT DOES
Smart Money LITE+ highlights high-quality LONG/SHORT signals only after daily liquidity is swept (previous day high/low) with confluence from VWAP, FVG and structure (BOS/CHoCH).
Works on all timeframes and across markets: indices, forex, crypto.
KEY FEATURES (Lite)
โข Daily sweep logic (PDH/PDL) + previous day zones
โข VWAP + deviation bands (optional) and proximity filter
โข 3-bar FVG boxes (visual) with adjustable extension
โข ATR/volatility filter, optional HTF trend filter
โข Anti-spam cooldown, clean LONG/SHORT labels
โข Alerts: HQ LONG / HQ SHORT
HOW TO USE
1. Wait for price to sweep PDH/PDL โ indicator opens โsignal windowโ.
2. Look for confluence: VWAP touch/proximity + CHoCH or BOS in direction.
3. Enter with proper risk management (stop beyond swing/zone, partials).
SETTINGS TIPS
โข Enable โRequire VWAP Confluence?โ for strictest setups.
โข Use โHTF Trend Filter?โ to align with higher-timeframe EMA trend.
โข Adjust โAfter sweep (bars)โ to define signal validity window.
โข FVGs are visual in Lite โ advanced filtering and confirmation are in Pro.
WHO IT'S FOR
Scalpers, intraday, and swing traders looking for objective, visual signals based on liquidity sweeps and VWAP/FVG confluence.
PRO VERSION (full confirmations)
Adds advanced FVG/iFVG logic, more confluence filters, dynamic risk tools and extended alert packages โ optimized for all timeframes.
๐ chartedgepro.gumroad.com/l/rmnbhw
NOTES
โข For educational purposes only. No financial advice.
โข โLiteโ is open-source; redistribution of code follows TradingView rules.
$ - HTF Sweeps & PO3HTF Sweeps & PO3 Indicator
The HTF Sweeps & PO3 indicator is a powerful tool designed for traders to visualise higher timeframe (HTF) candles, identify liquidity sweeps, and track key price levels on a lower timeframe (LTF) chart. Built for TradingView using Pine Script v6, it overlays HTF candle data and highlights significant price movements, such as sweeps of previous highs or lows, to help traders identify potential liquidity sweep and reversal points. The indicator is highly customisable, offering a range of visual and alert options to suit various trading strategies.
Features
Higher Timeframe (HTF) Candle Visualisation:
- Displays up to three user-defined HTF candles (e.g., 15m, 1H, 4H) overlaid on the LTF chart.
- Customisable candle appearance with adjustable size (Tiny to Huge), offset, spacing, and colours for bullish/bearish candles and wicks.
- Option to show timeframe labels above or below HTF candles with configurable size and position.
Liquidity Sweep Detection:
- Identifies bullish and bearish sweeps when price moves beyond the high or low of a previous HTF candle and meets specific conditions.
- Displays sweeps on both LTF and HTF with customisable line styles (Solid, Dashed, Dotted), widths, and colours.
- Option to show only the most recent sweep per candle to reduce chart clutter.
Invalidated Sweep Tracking:
- Detects and visualises invalidated sweeps (when price moves past a sweep level in the opposite direction).
- Configurable display for invalidated sweeps on LTF and HTF with distinct line styles and colours.
Previous High/Low Lines:
- Plots horizontal lines at the high and low of the previous HTF candle, extending on both LTF and HTF.
- Customisable line style, width, and color for easy identification of key levels.
- Real-Time Sweep Detection:
-Optional real-time sweep visualisation for active candles, enabling traders to monitor developing price action.
Alert System:
- Triggers alerts for sweep formation (when a new sweep is detected).
- Triggers alerts for sweep invalidation (when a sweep is no longer valid).
- Alerts include details such as timeframe, ticker, and price level for precise notifications.
Performance Optimisation:
- Efficiently manages resources with configurable limits for lines, labels, boxes, and bars (up to 500 each).
- Cleans up outdated visual elements to maintain chart clarity.
Flexible Configuration:
- Supports multiple timeframes for HTF candles with user-defined settings for visibility and number of candles displayed (1โ60).
- Toggle visibility for HTF candles, sweeps, invalidated sweeps, and high/low lines independently for LTF and HTF.
This indicator is ideal for traders focusing on liquidity hunting, order block analysis, or price action strategies, providing clear visual cues and alerts to enhance decision-making.
SMC BOS - Structure Breaks & Median Continuation ProjectionsThis tool shows what usually happens after a Break of Structure (BOS).
It scans past BOS events on your chart, finds the ones most similar to the latest break (using ATR to filter by volatility), and then plots the median continuation path.
Optional percentile bands (P10โP90) display the possible range of outcomes around the median.
Key features:
โข Automatic detection of bullish and bearish BOS events
โข Library of past BOS with adjustable size and spacing
โข ATR-based similarity and recency weighting
โข Median continuation projections with optional percentile bands
โข Customizable colors, signals, and stats table
โข Works on any market and timeframe
Use cases:
โข See how price typically behaves after a BOS
โข Support SMC analysis with data-driven projections
โข Improve trade planning by visualizing likely continuations
โข Apply across crypto, forex, stocks, and futures
Originality:
Instead of only marking BOS, this script learns from history and projects forward the median path of the most similar past cases, adjusted for volatility. It turns BOS signals into practical continuation scenarios.
Instructions:
Add the indicator to your chart. When a BOS is detected, the projection is drawn automatically.
Use the settings to adjust the library, ATR weighting, projection style, percentile bands, and the display of signals or stats.
For questions or customization, contact Julien Eche (Julien_Eche) on TradingView.
Tomorrow's Pivot Points [SMH]้ๅTradingViewๆๆจไธๅๆผๅ
ง็ฝฎ็Pivot Pointๆๆจ๏ผๅ ็บๅฎ่ฝๅค ๆๅ้กฏ็คบๆๅคฉ็Pivot Pointใ้้้ ๆธฌไธไธไบคๆๆฅ็ๆฏๆ่้ปๅไฝ็ฝฎ๏ผไบคๆๅกๅฏไปฅๆดๆฉ้จ็ฝฒ็ญ็ฅ๏ผ็บ้ๆฅ็ๅธๅ ดๆณขๅๅๅฅฝๆบๅใ
This TradingView indicator is different from the built-in Pivot Point tool because it can display tomorrowโs Pivot Points in advance. By forecasting support and resistance levels for the next trading day, traders can position their strategies earlier and be well-prepared for upcoming market movements.
Nifty CPR by Foresight Trading๐ Indicator Name:
Nifty CPR by Foresight Trading
๐ Description:
This indicator plots the Central Pivot Range (CPR) along with the first resistance (R1) and first support (S1) levels, calculated from the previous dayโs OHLC values.
Pivot (P) = (High + Low + Close) รท 3
BC (Bottom Central Pivot) = (High + Low) รท 2
TC (Top Central Pivot) = P + (P โ BC)
R1 = (2 ร Pivot) โ Low
S1 = (2 ร Pivot) โ High
โ
The CPR and pivot levels are locked for the entire trading day, so they do not repaint intraday.
โ
Plotted as colored circles (dots) across the day for clear visibility.
โ
New levels are generated only at the start of a new session.
๐ฏ Usage:
Traders use CPR as a trend bias tool:
Narrow CPR โ higher probability of trending day.
Wide CPR โ higher probability of sideways/consolidation day.
R1 and S1 act as key intraday support & resistance zones.
โก Best For:
Intraday traders & scalpers
Index traders (Nifty, BankNifty, Stocks etc.)
Anyone who uses Pivot Point + CPR trading strategies
Nifty CPR by Foresight Trading๐ Indicator Name:
Nifty CPR by Foresight Trading
๐ Description:
This indicator plots the Central Pivot Range (CPR) along with the first resistance (R1) and first support (S1) levels, calculated from the previous dayโs OHLC values.
Pivot (P) = (High + Low + Close) รท 3
BC (Bottom Central Pivot) = (High + Low) รท 2
TC (Top Central Pivot) = P + (P โ BC)
R1 = (2 ร Pivot) โ Low
S1 = (2 ร Pivot) โ High
โ
The CPR and pivot levels are locked for the entire trading day, so they do not repaint intraday.
โ
Plotted as colored circles (dots) across the day for clear visibility.
โ
New levels are generated only at the start of a new session.
๐ฏ Usage:
Traders use CPR as a trend bias tool:
Narrow CPR โ higher probability of trending day.
Wide CPR โ higher probability of sideways/consolidation day.
R1 and S1 act as key intraday support & resistance zones.
โก Best For:
Intraday traders & scalpers
Index traders (Nifty, BankNifty, Stocks etc.)
Anyone who uses Pivot Point + CPR trading strategies
Analitica Trading โ Previous Day SR (2 lines + labels) 2.0๐ Analitica Trading โ Previous Day SR (Support & Resistance)
This indicator displays the previous dayโs key levels on any timeframe:
Prev High โ Green horizontal line with label.
Prev Low โ Red horizontal line with label.
๐น Stable across timeframes: The levels are calculated from the daily candles and remain fixed, no matter if you switch to 1D, 1H, or 5m.
๐น Simple & clean: Exactly two lines only (no duplicates).
๐น Price labels included: Each line has a clear tag showing the exact level.
๐น Dynamic update: Lines refresh automatically at the start of each new daily session.
๐น Alerts: Optional alerts trigger when the price breaks above the Prev High or below the Prev Low.
๐ก Ideal for support/resistance trading, breakouts, and Smart Money Concepts (SMC) strategies.
4H IB + BO Midpoint โ [SANIXLAB]This indicator plots the Initial Balance (IB) high and low for each 4-hour period and automatically calculates potential breakout levels and midpoints.
At the start of every new 4-hour block the script:
Captures that blockโs high and low (Initial Balance),
Draws horizontal lines at the IB high, low and midpoint,
Calculates breakout targets above and below the IB using (optional) extension factor,
Creates horizontal lines at those breakout levels and their midpoint,
Breakout areas extend as new bars arrive.
MR.L
Dynamic Levels This indicator plots key price levels (Open, High, Low, Mid, Close) from multiple higher timeframes (Monday, Daily, Weekly, Monthly, Yearly).
It allows you to track how price interacts with important reference levels without switching timeframes.
๐ Features
โ
Monday levels (MO, MH, MM)
By default: shows the last completed Monday (fixed values).
Option: โlive modeโ to update Monday High/Low/Mid while Mondayโs candle is forming.
โ
Daily levels (DO, DH, DL, DM, DC)
Live: Daily High/Low/Mid update dynamically while todayโs candle is forming.
Previous Daily Close (DC) is always fixed.
โ
Weekly levels (WO, WH, WL, WM)
Live: Weekly High/Low/Mid update dynamically while this weekโs candle is forming.
Weekly Open is fixed.
โ
Monthly levels (MO(n), MH(n-1), ML(n-1), MM(n-1), MC(n-1))
Shows last completed monthโs values (constant, never changing).
Current Monthly Open is also shown (naturally fixed).
โ
Yearly levels (YO(n), YH(n-1), YL(n-1), YM(n-1), YC(n-1))
Shows last completed yearโs values (constant, never changing).
Current Yearly Open is also shown (naturally fixed).
๐จ Customization
Toggle each level (on/off) in indicator settings.
Individual color settings for Monday, Daily, Weekly, Monthly, and Yearly.
Adjustable line width and transparency.
Optional short labels (MO, DO, WM, etc.) displayed on the right side of the chart.
๐ Dynamic Logic
Daily and Weekly โ update dynamically while their candle is forming.
Monday, Monthly, and Yearly โ use fixed values from the last completed bar (do not โbreatheโ).
๐ Use cases
Quickly see where price stands relative to previous close, current open, or mid-levels.
Use Monday Open/High/Mid as strong intraday references.
Use Monthly/Yearly levels as long-term support/resistance zones.
QQQ Ladder โ Adjusted to Active Ticker (5s & 10s)This indicator allows you to a grid of QQQ levels directly on futures chart like NQ, MNQ, ES and MES, automatically adjusting for the spread between the displayed symbol and QQQ. This is particularly useful for traders who perform technical analysis on QQQ but execute trades on Futures.
Features:
Renders every 5 and 10 points steps of QQQ in your current chart.
The script adjusts these levels in real-time based on the current spread between QQQ and the displayed symbol!
Plots updated horizontal lines that move with the spread
Supports Multiple Tickers, ES1!, MES1!, NQ1!, MNQ1! SPY and SPX500USD.
NDX Ladder โ Adjusted to Active Ticker (5s & 10s)This indicator allows you to a grid of NDX levels directly on the NQ! (E-mini NASDAQ 100 Futures) chart, automatically adjusting for the spread between NDX and NQ1!. This is particularly useful for traders who perform technical analysis on SPX but execute trades on NQ1!.
Features:
Renders every 5 and 10 points steps of the NDX in your current chart.
The script adjusts these levels in real-time based on the current spread between NDX and NQ / MNQ
Plots updated horizontal lines that move with the spread
MTF Stochastic Range FinderThis indicator compares Stochastic RSI from 2 timeframes to signal possible reversals. Default 5 minute and 2 minute. Both Stochastic RSIs are customizable.
Allows for 6 support/resistance lines and allows a tolerance to filter proximity to levels for entry.
Can filter price level by manual support/resistance levels and/or VWAP
Extremum Range MA Crossover Strategy1. Principle of Work & Strategy Logic โ๏ธ๐
Main idea: The strategy tries to catch the moment of a breakout from a price consolidation range (flat) and the start of a new trend. It combines two key elements:
Moving Average (MA) ๐: Acts as a dynamic support/resistance level and trend filter.
Range Extremes (Range High/Low) ๐บ๐ป: Define the borders of the recent price channel or consolidation.
The strategy does not attempt to catch absolute tops and bottoms. Instead, it enters an already formed move after the breakout, expecting continuation.
Type: Trend-following, momentum-based.
Timeframes: Works on different TFs (H1, H4, D), but best suited for H4 and higher, where breakouts are more meaningful.
2. Justification of Indicators & Settings โ๏ธ
A. Moving Average (MA) ๐
Why used: Core of the strategy. It smooths price fluctuations and helps define the trend. The price (via extremes) must cross the MA โ signals a potential trend shift or strengthening.
Parameters:
maLength = 20: Default length (โ one trading month, 20-21 days). Good balance between sensitivity & smoothing.
Lower TF โ reduce (10โ14).
Higher TF โ increase (50).
maSource: Defines price source (default = Close). Alternatives (HL2, HLC3) โ smoother, less noisy MA.
maType: Default = EMA (Exponential MA).
Why EMA? Faster reaction to recent price changes vs SMA โ useful for breakout strategies.
Other options:
SMA ๐ฆ โ classic, slowest.
WMA ๐จ โ weights recent data stronger.
HMA ๐ฉ โ near-zero lag, but โnervous,โ more false signals.
DEMA/TEMA ๐ง โ even faster & more sensitive than EMA.
VWMA ๐ โ volume-weighted.
ZLEMA โฑ โ reduced lag.
๐ Choice = tradeoff between speed of reaction & false signals.
B. Range Extremes (Previous High/Low) ๐
Why used: Define borders of recent trading range.
prevHigh = local resistance.
prevLow = local support.
Break of these levels on close = trigger.
Parameters:
lookbackPeriod = 5: Searches for highest high / lowest low of last 5 candles. Very recent range.
Higher value (10โ20) โ wider, stronger ranges but rarer signals.
3. Entry & Exit Rules ๐ฏ
Long signals (BUY) ๐ข๐
Condition (longCondition): Previous Low crosses MA from below upwards.
โ Price bounced from the bottom & strong enough to push range border above MA.
Execution: Auto-close short (if any) โ open long.
Short signals (SELL) ๐ด๐
Condition (shortCondition): Previous High crosses MA from above downwards.
โ Price rejected from the top, upper border failed above MA.
Execution: Auto-close long (if any) โ open short.
Exit conditions ๐ช
Exit Long (exitLongCondition): Close below prevLow.
โ Uptrend likely ended, range shifts down.
Exit Short (exitShortCondition): Close above prevHigh.
โ Downtrend likely ended, range shifts up.
โ ๏ธ Important: Exit = only on candle close beyond extremes (not just wick).
4. Trading Settings โ๏ธ
overlay = true โ indicators shown on chart.
initial_capital = 10000 ๐ต.
default_qty_type = strategy.cash, default_qty_value = 100 โ trades fixed $100 per order (not lots). Can switch to % of equity.
commission_type = strategy.commission.percent, commission_value = 0.1 โ default broker fee = 0.1%. Adjust for your broker!
slippage = 3 โ slippage = 3 ticks. Adjust to asset liquidity.
currency = USD.
margin_long = 100, margin_short = 100 โ no leverage (100% margin).
5. Visualization on Chart ๐
The strategy draws 3 lines:
๐ต MA line (thickness 2).
๐ด Previous High (last N candles).
๐ข Previous Low (last N candles).
Also: entry/exit arrows & equity curve shown in backtest.
Disclaimer โ ๏ธ๐
Risk Warning: This description & code are for educational purposes only. Not financial advice. Trading (Forex, Stocks, Crypto) carries high risk and may lead to full capital loss. You trade at your own risk.
Testing: Always backtest & demo test first. Past results โ future profits.
Responsibility: Author of this strategy & description is not responsible for your trading decisions or losses.
Shashwat Khurana's Pivot + Mean Reversion + RSI (Signals Only)Show BUY labels below bars when a bullish reversal is detected.
Show SELL labels above bars when a bearish reversal is detected.
Uses pivot levels, mean reversion, big candle, RSI, and volume filters.
Pivot + Mean Reversion + RSI (Signals Only) by Shashwat KhuranaShow BUY labels below bars when a bullish reversal is detected.
Show SELL labels above bars when a bearish reversal is detected.
Uses pivot levels, mean reversion, big candle, RSI, and volume filters.
RSI HIGHs and LOWs MarkerThis indicator marks significant RSI (14) pivot points directly on the price chart.
Red markers above candles highlight confirmed RSI highs where the RSI value exceeded 75 (overbought zone).
Green markers below candles highlight confirmed RSI lows where the RSI value dropped below 25 (oversold zone).
These signals help traders quickly identify potential reversal zones and overextended market conditions without having to monitor the RSI window separately.
Measured Move Volume XIndicator Description
The "Measured Move Volume X" indicator, developed for TradingView using Pine Script version 6, projects potential price targets based on the measured move concept, where the magnitude of a prior price leg (Leg A) is used to forecast a subsequent move. It overlays translucent boxes on the chart to visualize bullish (green) or bearish (red) price projections, extending them to the right for a user-specified number of bars. The indicator integrates volume analysis (relative to a simple moving average), RSI for momentum, and VWAP for price-volume weighting, combining these into a confidence score to filter entry signals, displayed as triangles on breakouts. Horizontal key level lines (large, medium, small) are drawn at significant price points derived from the measured moves, with customizable thresholds, colors, and styles. Exhaustion hints, shown as orange labels near box extremes, indicate potential reversal points. Anomalous candles, marked with diamond shapes, are identified based on volume spikes and body-to-range ratios. Optional higher timeframe candle coloring enhances context. The indicator is fully customizable through input groups for lookback periods, transparency, and signal weights, making it adaptable to various assets and timeframes.
Adjustment Tips for Optimization
To optimize the "Measured Move Volume X" indicator for specific assets or timeframes, adjust the following input parameters:
Leg A Lookback (default: 14 bars): Increase to 20-30 for volatile markets (e.g., cryptocurrencies) to capture larger price swings; decrease to 5-10 for intraday charts (e.g., stocks) for faster signals.
Extend Box to the Right (default: 30 bars): Extend to 50+ for daily or weekly charts to project further targets; shorten to 10-20 for lower timeframes to reduce clutter.
Volume SMA Length (default: 20) and Relative Volume Threshold (default: 1.5): Lower the threshold to 1.2-1.3 for low-volume assets (e.g., commodities) to detect subtler spikes; raise to 2.0+ for high-volume equities to filter noise. Match SMA length to RSI length for consistency.
RSI Parameters (default: length 14, overbought 70, oversold 30): Set overbought to 80 and oversold to 20 in trending markets to reduce premature exit signals; shorten length to 7-10 for scalping.
Key Level Thresholds (default: large 10%, medium 5%, small 5%): Increase thresholds (e.g., large to 15%) for volatile assets to focus on significant moves; disable medium or small lines to declutter charts.
Confidence Score Weights (default: volume 0.5, VWAP 0.3, RSI 0.2): Increase volume weight (e.g., 0.7) for volume-driven markets like futures; emphasize RSI (e.g., 0.4) for momentum-focused strategies.
Anomaly Detection (default: volume multiplier 1.5, small body ratio 0.2, large body ratio 0.75): Adjust the volume multiplier higher for stricter anomaly detection in noisy markets; fine-tune body-to-range ratios based on asset-specific candle patterns.
Use TradingViewโs replay feature to test adjustments on historical data, ensuring settings suit the chosen market and timeframe.
Tips for Using the Indicator
Interpreting Signals: Green upward triangles indicate bullish breakout entries when price exceeds the prior high with a confidence score โฅ40; red downward triangles signal bearish breakouts. Use these to identify potential entry points aligned with the projected box targets.
Box Projections: Bullish boxes project upward targets (top of box) equal to the prior legโs height added to the breakout price; bearish boxes project downward. Monitor price action near box edges for target completion or reversal.
Exhaustion Hints: Orange labels near box tops (bullish) or bottoms (bearish) suggest potential exhaustion when price deviates within the set percentage (default: 5%) and RSI or volume conditions are met. Use these as cues to watch for reversals.
Key Level Lines: Large, medium, and small lines mark significant price levels from box tops/bottoms. Use these as potential support/resistance zones, especially when drawn with high volume (colored differently).
Anomaly Candles: Orange diamonds highlight candles with unusual volume/body characteristics, indicating potential reversals or pauses. Combine with box levels for context.
Higher Timeframe Coloring: Enable to color bars based on higher timeframe candle closures (e.g., 1, 2, 5, or 15 minutes) for added trend context.
Customization: Toggle "Only Show Bullish Moves" to focus on bullish setups. Adjust transparency and line styles for visual clarity. Test settings to balance signal frequency and chart readability.
Inputs: Organized into groups (e.g., "Measured Move Settings") using input.int, input.float, input.color, and input.bool for user customization, with tooltips for clarity.
Calculations: Computes relative volume (ta.sma(volume, volLookback)), VWAP (ta.vwap(hlc3)), RSI (ta.rsi(close, rsiLength)), and prior leg extremes (ta.highest/lowest) using prior bar data ( ) to prevent repainting.
Boxes and Lines: Creates boxes (box.new) for bullish/bearish projections and lines (line.new) for key levels. The f_addLine function manages line arrays (array.new_line), capping at maxLinesCount to avoid clutter.
Confidence Score: Combines volume, VWAP distance, and RSI into a weighted score (confScore), filtering entries (โฅ40). Rounded for display.
Exhaustion Hints: Functions like f_plotBullExitHint assess price deviation, RSI, and volume decrease, using label.new for dynamic orange labels.
Entry Signals and Plots: plotshape displays triangles for breakouts; plot and hline show VWAP and RSI levels; request.security handles higher timeframe coloring.
Anomaly Detection: Identifies candles with small-body high-volume or large-body average-volume patterns via ratios, plotted as diamonds.
