RSI Support & Resistance Breakouts with OrderblocksThis tool is an overly simplified method of finding market squeeze and breakout completely based on a dynamic RSI calculation. It is designed to draw out areas of price levels where the market is pushing back against price action leaving behind instances of short term support and resistance levels you otherwise wouldn't see with the common RSI.
It uses the changes in market momentum to determine support and resistance levels in real time while offering price zone where order blocks exist in the short term.
In ranging markets we need to know a couple things.
1. External Zone - It's important to know where the highs and lows were left behind as they hold liquidity. Here you will have later price swings and more false breakouts.
2. Internal Zone - It's important to know where the highest and lowest closing values were so we can see the limitations of that squeeze. Here you will find the stronger cluster of orders often seen as orderblocks.
In this tool I've added a 200 period Smoothed Moving Average as a trend filter which causes the RSI calculation to change dynamically.
Regular Zones - without extending
The Zones draw out automatically but are often too small to work with.
To solve this problem, you can extend the zones into the future up to 40 bars.
This allows for more visibility against future price action.
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Two Types of Zones
External Zones - These zones give you positioning of the highest and lowest price traded within the ranging market. This is where liquidity will be swept and often is an ultimate breaking point for new price swings.
How to use them :
External Zones - External zones form at the top of a pullback. After this price should move back into its impulsive wave.
During the next corrective way, if price breaches the top of the previous External Zone, this is a sign of trend weakness. Expect a divergence and trend reversal.
Internal Zones - (OrderBlocks) Current price will move in relation to previous internal zones. The internal zone is where a majority of price action and trading took place. It's a stronger SQUEEZE area. Current price action will often have a hard time closing beyond the previous Internal Zones high or low. You can expect these zones to show you where the market will flip over. In these same internal zones you'll find large rejection candles.
**Important Note** Size Doesn't Matter
The size of the internal zone does not matter. It can be very small and still very powerful.
Once an internal zone has been hit a few times, its often not relevant any longer.
Order Block Zone Examples
In this image you can see the Internal Zone that was untouched had a STRONG price reaction later on.
Internal Zones that were touched multiple times had weak reactions later as price respected them less over time.
Zone Overlay Breakdown
The Zones form and update in real time until momentum has picked up and price begins to trend. However it leaves behind the elements of the inducement area and all the key levels you need to know about for future price action.
Resistance Fakeout : Later on after the zone has formed, price will return to this upper zone of price levels and cause fakeouts. A close above this zone implies the market moves long again.
Midline Equilibrium : This is simply the center of the strongest traded area. We can call this the Point of Control within the orderblock. If price expands through both extremes of this zone multiple times in the future, it eliminates the orderblock.
Support Fakeout : Just like its opposing brother, price will wick through this zone and rip back causing inducement to trap traders. You would need a clear close below this zone to be in a bearish trend.
BARCOLOR or Candle Color: (Optional)
Bars are colored under three conditions
Bullish Color = A confirmed bullish breakout of the range.
Bearish Color = A confirmed bearish breakout of the range.
Squeeze Color = Even if no box is formed a candle or candles can have a squeeze color. This means the ranging market happened within the high and low of that singular candle.
Search in scripts for "breakout"
Price and Volume Breakout - Jemmy TradeThe "Price and Volume Breakout" indicator is designed to identify potential breakout opportunities by analyzing both price and volume trends. It uses a combination of historical price highs, volume peaks, and a customizable Simple Moving Average (SMA) to signal bullish breakouts. When the price exceeds the highest price of the defined breakout period and is supported by high volume, the indicator triggers visual alerts on the chart. These include dotted lines, labels, and boxes highlighting accumulation zones, along with dynamically calculated stop loss and take profit levels.
Key Features:
• Breakout Detection: Compares the current closing price to the highest price and volume over specified periods to signal a breakout.
• Customizable Stop Loss Options: Offers three methods for setting stop loss levels:
o Below SMA: Positions stop loss a user-defined percentage below the SMA.
o Lowest Low: Uses the lowest low over a specific look-back period.
o Range Average: Calculates an average based on the previous price range.
• Dynamic Take Profit Calculation: Automatically computes take profit levels based on the defined risk-to-reward ratio.
• Visual Chart Elements: Draws breakout lines, stop loss and take profit indicators, labels (e.g., "🚀 Breakout Buy", "🔴 Stop Loss", "🟢 Take Profit"), and boxes marking accumulation zones for easy visualization.
• Alert Conditions: Includes alert functionality to notify traders when breakout conditions are met, enabling timely trading decisions.
How to Use:
1. Customization: Adjust settings such as the breakout periods for price and volume, the length of the SMA, stop loss options, and the risk-to-reward ratio to fit your trading strategy.
2. Signal Identification: When the price exceeds the highest value from the previous period, accompanied by high volume and confirmation from the SMA, the indicator displays a "Breakout Buy" signal.
3. Risk Management: The indicator calculates appropriate stop loss and take profit levels automatically based on your selected parameters, ensuring a balanced risk/reward setup.
4. Alerts: Utilize the built-in alert conditions to receive notifications whenever the breakout criteria are satisfied, helping you act promptly.
PLEASE USE IT AS PER YOUR OWN RISK MANAGEMENT STRATEGIES.
Keywords:
#Breakout #Trading #VolumeAnalysis #TechnicalAnalysis #PriceAction #RiskManagement #TrendFollowing #TradingSignals #PriceBreakout #SmartTrading #JemmyTrade
Range Breakout [BigBeluga]Range Breakout is a dynamic channel-based indicator designed to identify breakout opportunities and price reactions within defined ranges. It automatically creates upper and lower bands with a midline, helping traders spot breakout zones, retests, and potential fakeouts.
🔵 Key Features:
Dynamic Channel Formation:
Automatically plots upper and lower channel bands with a midline based on ATR calculations.
Channels adjust upon breakout events or after a predefined number of bars to reflect new price ranges.
Breakout Detection:
Green circles appear when price breaks above the upper channel edge.
Red circles appear when price breaks below the lower channel edge.
A new channel is formed after each breakout, allowing traders to monitor evolving price ranges.
Retest Signals:
Upward-pointing green triangles signal a retest of the lower band, indicating potential support.
Downward-pointing red triangles indicate a retest of the upper band, suggesting possible resistance.
Filter Signals by Trends (New Feature):
Optional toggle to filter ▲ and ▼ signals based on channel breakout conditions.
When enabled:
In a bullish channel (confirmed by a green circle breakout), only ▲ signals are displayed.
In a bearish channel (confirmed by a red circle breakout), only ▼ signals are displayed.
Helps traders align retest signals with the prevailing trend for higher-quality trade setups.
Fakeout Identification:
'X' symbols appear when price breaks the upper or lower edge of the channel and quickly returns back inside.
Helps traders identify and avoid false breakouts.
🔵 Usage:
Breakout Trading: Use the green and red circle signals to identify potential breakout trades.
Retest Confirmation: Look for triangle markers to confirm retests of key levels, aiding in entry or exit decisions.
Fakeout Alerts: Utilize the 'X' signals to spot and avoid potential trap moves.
Dynamic Range Monitoring: Stay aware of changing market conditions with automatically updating channels.
Range Breakout is an essential tool for traders seeking to capitalize on range breakouts, retests, and fakeout scenarios. Its dynamic channels and clear visual signals provide a comprehensive view of market structure and potential trade setups.
London Breakout by Edwin KPurpose:
The strategy visualizes breakouts based on price action during the London session. It highlights the candles from 09:59 AM to 01:59 PM UTC+3 with different colors depending on whether the price is above or below the high/low from the 10 AM candle.
Key Parts:
Timestamps:
The code defines specific times for the 09:59 AM candle, 10:00 AM candle, and 01:59 PM UTC+3 times.
The timestamp('UTC+3', ...) function creates the timestamps for those moments.
High and Low of the 10 AM Candle:
The high and low of the 10 AM candle are captured and stored in the ten_am_high and ten_am_low variables.
Bullish and Bearish Conditions:
If the price breaks above (bullish_break) or below (bearish_break) the high or low of the 10 AM candle, respectively.
Bar Coloring:
If the conditions are met (price breaking above or below the 10 AM levels), the script colors the candles during the time frame (09:59 AM to 01:59 PM).
Green color is applied for bullish breakouts.
Red color is applied for bearish breakouts.
Three Candle Breakout Marker**Title: Three Candle Breakout Marker**
**Description:**
The **Three Candle Breakout Marker** is a powerful trading indicator designed for traders who want to identify significant price movements based on recent price action. This script marks candles that break above the highest high or below the lowest low of the previous three candles, providing clear visual signals for potential trading opportunities.
### Key Features:
- **Visual Indicators**: The indicator uses upward blue triangles to signify when a candle closes above the highest high of the last three candles, indicating a bullish breakout. Conversely, it uses downward orange triangles to mark when a candle closes below the lowest low of the last three candles, signaling a bearish breakout.
- **Customizable Alerts**: Traders can easily customize this indicator to suit their trading strategies by adjusting colors and sizes for better visibility on their charts.
- **Enhanced Chart Analysis**: With optional horizontal lines drawn at the breakout levels, traders can quickly assess key support and resistance areas, enhancing their decision-making process.
### How to Use:
1. **Add to Chart**: Simply add the indicator to your TradingView chart for any asset or timeframe you are analyzing.
2. **Identify Breakouts**: Look for blue triangles above candles for bullish breakout signals and orange triangles below candles for bearish breakout signals.
3. **Combine with Other Tools**: Use this indicator in conjunction with other technical analysis tools and indicators to confirm signals and improve your trading strategy.
### Conclusion:
The **Three Candle Breakout Marker** is an essential tool for traders looking to capitalize on momentum shifts in the market. By clearly marking breakout points, it helps traders make informed decisions and enhances their ability to react swiftly to changing market conditions.
Feel free to explore and customize this indicator to fit your trading style! Happy trading!
TrendLine Toolkit w/ Breaks (Real-Time)The TrendLine Toolkit script introduces an innovating capability by extending the conventional use of trendlines beyond price action to include oscillators and other technical indicators. This tool allows traders to automatically detect and display trendlines on any TradingView built-in oscillator or community-built script, offering a versatile approach to trend analysis. With breakout detection and real-time alerts, this script enhances the way traders interpret trends in various indicators.
🔲 Methodology
Trendlines are a fundamental tool in technical analysis used to identify and visualize the direction and strength of a price trend. They are drawn by connecting two or more significant points on a price chart, typically the highs or lows of consecutive price movements (pivots).
Drawing Trendlines:
Uptrend Line - Connects a series of higher lows. It signals an upward price trend.
Downtrend Line - Connects a series of lower highs. It indicates a downward price trend.
Support and Resistance:
Support Line - A trendline drawn under rising prices, indicating a level where buying interest is historically strong.
Resistance Line - A trendline drawn above falling prices, showing a level where selling interest historically prevails.
Identification of Trends:
Uptrend - Prices making higher highs and higher lows.
Downtrend - Prices making lower highs and lower lows.
Sideways (or Range-bound) - Prices moving within a horizontal range.
A trendline helps confirm the existence and direction of a trend, providing guidance in aligning with the prevailing market sentiment. Additionally, they are usually paired with breakout analysis, a breakout occurs when the price breaches a trendline. This signals a potential change in trend direction or an acceleration of the existing trend.
The script adapts this methodology to oscillators and other indicators. Instead of relying on price pivots, which can only be detected in retrospect, the script utilizes a trailing stop on the oscillator to identify potential swings in real-time, you may find more info about it here (SuperTrend toolkit) . We detect swings or pivots simply by testing for crosses between the indicator and its trailing stop.
type oscillator
float o = Oscillator Value
float s = Trailing Stop Value
oscillator osc = oscillator.new()
bool l = ta.crossunder(osc.o, osc.s) => Utilized as a formed high
bool h = ta.crossover (osc.o, osc.s) => Utilized as a formed low
This approach enables the algorithm to detect trendlines between consecutive pivot highs or lows on the oscillator itself, providing a dynamic and immediate representation of trend dynamics.
🔲 Breakout Detection
The script goes beyond trendline creation by incorporating breakout detection directly within the oscillator. After identifying a trendline, the algorithm continuously monitors the oscillator for potential breakouts, signaling shifts in market sentiment.
🔲 Setup Guide
A simple example on one of my public scripts, Z-Score Heikin-Ashi Transformed
🔲 Settings
Source - Choose an oscillator source of which to base the Toolkit on.
Zeroing - The Mid-Line value of the oscillator, for example RSI & MFI use 50.
Sensitivity - Calibrates the Sensitivity of which TrendLines are detected, higher values result in more detections.
🔲 Alerts
Bearish TrendLine
Bullish TrendLine
Bearish Breakout
Bullish Breakout
As well as the option to trigger 'any alert' call.
By integrating trendline analysis into oscillators, this Toolkit enhances the capabilities of technical analysis, bringing a dynamic and comprehensive approach to identifying trends, support/resistance levels, and breakout signals across various indicators.
Pivot Points + Day First Candle Breakout + VWAP + Supertrend This indicator amalgamates several key indicators to provide a comprehensive analysis for trading decisions, including SuperTrend, Pivot Points, VWAP, along with the Day First Candle Breakout strategy.
Key Features:
Day First Candle Breakout: Identifies potential breakout opportunities based on the first candle of the trading day. It utilizes the high and low of the initial trading range to determine entry points.
Timeframe Selection: Allows users to select the timeframe for analyzing the first candle (e.g., 5, 15, or 60 minutes).
Previous Day and Week High/Low: Displays the high and low of the previous day and week to provide additional context for trading decisions and assess the strength of the trend.
Trend Strength Analysis: Indicates whether the current price is above or below the previous day's high or low, signaling a stronger bullish or bearish trend respectively.
SuperTrend Indicator: Visualizes the trend direction and potential reversal points based on the SuperTrend indicator. It helps traders to stay aligned with the prevailing trend and avoid premature exits.
Pivot Points: Presents key support and resistance levels derived from Pivot Points, assisting traders in identifying potential reversal or breakout zones.
VWAP (Volume Weighted Average Price): Plots VWAP to provide insight into the average price traded over a given period, aiding in determining the fair value of the asset and potential buying/selling zones.
Trading Signals:
Buy Signal: Triggered when the price exceeds the high of the initial trading range after an upward price gap.
Sell Signal: Generated when the price falls below the low of the initial trading range after a downward price gap.
Caveats for Effective Trading:
Extended Trading Ranges: Adjusts support and resistance levels if the initial trading range extends beyond the defined timeframe.
Morning Noise Consideration: Exercises caution during volatile morning sessions to avoid false breakouts and whipsaws.
Pullbacks and Narrow Range Bars: Looks for opportunities during pullbacks or when the price forms narrow range bars to enter trades, reducing the risk of sudden reversals.
Day First Candle BreakoutR-DFCB V1.5: Day First Candle Breakout
This indicator identifies potential breakout opportunities based on the first candle of the trading day. It considers the high and low of the initial trading range to determine possible entry points, along with the previous day's high and low to gauge the strength of the trend.
Key Features:
Day First Candle Breakout: Analyzes the first candle of the trading day to identify potential breakout scenarios.
Timeframe Selection: Allows users to select the timeframe for analyzing the first candle (e.g., 5, 15, or 60 minutes).
Previous Day and Week High/Low: Displays the high and low of the previous day and week to provide additional context for trading decisions.
Previous Day Trend Strength: Indicates whether the current price is above or below the previous day's high or low, signaling a stronger bullish or bearish trend respectively.
Trading Signals:
Buy Signal: Triggered when the price exceeds the high of the initial trading range after an upward price gap.
Sell Signal: Generated when the price falls below the low of the initial trading range after a downward price gap.
Trend Strength Analysis:
Strong Bullish Trend: If the current price is above the previous day's high, it indicates a stronger bullish trend.
Strong Bearish Trend: If the current price is below the previous day's low, it suggests a stronger bearish trend.
Caveats for Effective Trading:
Extended Trading Ranges: Adjusts support and resistance levels if the initial trading range extends beyond the defined timeframe.
Morning Noise Consideration: Exercises caution during volatile morning sessions to avoid false breakouts and whipsaws.
Pullbacks and Narrow Range Bars: Looks for opportunities during pullbacks or when the price forms narrow range bars to enter trades, reducing the risk of sudden reversals.
Price Percentage Breakout by Time PeriodDescription:
The Price Percentage Breakout by Time Period (P%BTP) indicator is a technical analysis tool designed to identify potential breakout signals based on the percentage change in price over a specified lookback period. It helps traders identify significant price movements that exceed a user-defined threshold, indicating potential trading opportunities.
How it Works:
The P%BTP indicator calculates the percentage change between the open and close prices of each candle. It compares this percentage change to the highest percentage change observed over the specified lookback period. When the percentage change exceeds or equals this highest value, it indicates a potential breakout signal. The indicator colors the bars on the chart based on whether it's a bullish or bearish breakout.
Usage:
To effectively utilize the Price Percentage Breakout by Time Period indicator, follow these steps:
1. Apply the P%BTP indicator to your chart by adding it from the available indicators.
2. Customize the input settings to suit your preferences. You can define the lookback period, which determines the number of bars used for calculating the percentage change, as well as choose colors for bullish and bearish breakouts.
3. Observe the bars on the chart:
- Bars highlighted in the bullish color indicate potential bullish breakout signals.
- Bars highlighted in the bearish color indicate potential bearish breakout signals.
4. Interpret the breakout signals:
- A bullish breakout signal occurs when the percentage change in price exceeds or equals the highest percentage change observed over the lookback period, indicating a potential upward movement.
- A bearish breakout signal occurs when the percentage change in price exceeds or equals the highest percentage change observed over the lookback period, indicating a potential downward movement.
5. Consider additional analysis:
- Combine the breakout signals from the P%BTP indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups.
6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital.
Note: The Price Percentage Breakout by Time Period indicator provides insights into potential breakout signals based on the percentage change in price over a specified lookback period. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Price Percentage Breakout by Chosen PercentageDescription:
The Price Percentage Breakout indicator (P%B) is a technical analysis tool designed to identify potential breakout signals based on percentage changes in price. It helps traders identify significant price movements that exceed a specified threshold, indicating potential trading opportunities.
How it Works:
The Price Percentage Breakout indicator calculates the percentage change between the open and close prices of each candle. It compares this percentage change to a user-defined threshold to determine if a breakout has occurred. When the percentage change exceeds the threshold, indicating a significant price movement, the indicator highlights the breakout on the chart. Additionally alerts can be created by the user that display the percentage of the breakout.
Usage:
To effectively utilize the Price Percentage Breakout indicator, follow these steps:
1. Apply the P%B indicator to your chart by adding it from the available indicators.
2. Customize the input settings to suit your preferences. You can choose the color for highlighting the breakout and set the percentage threshold for detecting breakouts.
3. Observe the bars on the chart:
- Bars highlighted in the chosen color indicate potential breakout signals.
4. Interpret the breakout signals:
- A breakout signal occurs when the percentage change in price exceeds the specified threshold. This suggests a significant price movement.
5. Consider additional analysis:
- Combine the breakout signals from the Price Percentage Breakout indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups.
6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital.
Note: The Price Percentage Breakout indicator provides insights into potential breakout signals based on percentage changes in price. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
SBS AlgoHello traders, I am here again with a new and improved indicator.
This indicator is based on a pivot breakout algorithm which gives buy and sell signals according to the breakout of trendline. This is an advanced version of another script. It also takes price action into consideration along with some basic indicators like MACD and ADX to give good entry signals.
NOTE: This indicator is not designed to take entries completely based on signals it gives. Please use it along with your trading strategy to add more confluence to your trading system and maximize your profits.
I hope you guys will like this one too .Enjoy 👍
In case you find any bug, please do report in comment section .Thank you.
MM Chop Filter Range BoxesMatch with the MM Chop Filter
This draw Non repainting range boxes when the oscillator see a range.
-Breakout Buy/Sell Signals and Exit signals when prices enters a range just in case you did get into a trade. .
-Alarms to match the signals
How to use
Match with the oscillator and always trade the trend with your strategy confirmation and the breakout this indicator provides
False BreakoutA false breakout is when the price temporarily moves above or below a key support or resistance level, but then later retreats back to the same side as it started.
The “False Breakout” indicator reveals false breakouts in comparison to the previous candle.
In case we're looking to trade the stock for long this would mean that the price of the stock broke the previous low (support) and then got back above that low.
In case we're looking to trade the stock for short then a false breakout would mean the stock broke the previous high (resistance) and then got back below that high.
How to use the indicator?
First choose the direction you're looking to trade, meaning either long or short.
Then choose how strict you want to be about the Falls brakes.
There are three options:
The first option named “All“ means that it's enough that the stock broke the previous level and then get back to the original side.
The second option is “Supporting Change” meaning not only that the stock broke the previous key level (support or resistance), but also the change at the end of the candle is supporting the main direction - meaning the change is positive for long or negative for short.
The third option is “Engulfing”. This is a well-known candle, but to make it clear, in our case “Engulfing” means that not only the stock broke the previous level but it also ended the day on the other side of the candle - higher than the previous high, in case of long, and lower than the previous low, in case of short.
When you choose the level of strictness you determine how many indications you're going to get on the chart.
If you choose the highest level of strictness, meaning “Engulfing”, you would only see the red flags indicating engulfing candles.
If you choose the lowest level of strictness, meaning “All”, you will get more indications on your chart, including every false breakout.
When the direction you're looking for is long, all indications would appear below the candles.
When the direction you're looking for is short, then all indications would appear above the candles.
The Engulfing candles are represented by Red flags, and the Simple breakouts candles are represented by yellow. All colors may be adjusted to your preference.
Explaining the example above:
In the chart above we can see two consolidations. At the end of each consolidation, we can see a candle with an indication from the indicator that points out that this could be the end of the consolidation and the stock might continue its move.
In “consolidation 1” we can see that there is an orange flag below the candle right before the stock began to move up again.
In “consolidation 2” we can see that there is a red flag below the candle, right before the stock began another move.
Wishing you all the best :)
Seismic Market Spike Detector v1.0 Seismic Market Spike Detector v1.0
This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices.
This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an insight into the current volatility of the price at that time in the market. Quite often big price swings with in bars are missed as people pend to tunnel vision on the open or close price - or other indicators derived from open / close.
The Red line is similar to the blue bar as it depicts extreme price movements with in the bar , but it will show the direction the market moved in by the close of the bar - and relatively how much the market moved. This is helpful for spotting breakout price action or short term spikes. Quite often after a breakout the market will restore itself to an equilibrium in the opposite direction. Sometimes this happens with an opposing aggressive spike , some times it makes a steady return to a known price level. Either way its a great time to place entry orders if you are looking to turn a fast profit or alternatively a good warning of forth coming price volatility.
Here are some tips for analysing the red and blue lines :
1)If the red line is pointing upwards , this indicates a sharp rise in the price.
2)If the red line is pointing downwards , this indicates a sharp fall in the price.
3)If the red line is flat but the blue line is spiked in either direction - this indicates the price was volatile with in the bar , but the price closed relatively near to the surrounding price bars. Perhaps a limit / stop triggered by this kind of activity - this is an easy way to determine why and re-enter.
4)If the red and the blue lines are flat - the price is steadily moving with a trend or trading sideways in a confined range.
Trendlines with Breaks Oscillator [LuxAlgo]The Trendlines with Breaks Oscillator is an oscillator based on the Trendlines with Breaks indicator, and tracks the maximum distance on price from bullish and bearish trendline breakouts.
The oscillator features divergences and trendline breakout detection.
🔶 USAGE
This tool is based on our Trendlines with Breaks indicator, which detects bullish and bearish trendlines and highlights the breaks on the chart. Now, we bring you this tool as an oscillator.
The oscillator calculates the maximum distance between the price and the break of each trendline, for both bullish and bearish cases, then calculates the delta between both.
When the oscillator is above 0, the market is in an uptrend; when it is below 0, it is in a downtrend. An ascending slope indicates positive momentum, and a descending slope indicates negative momentum.
Trendline breaks are displayed as green and red dots on the oscillator. A green dot corresponds to a bullish break of a descending trendline, and a red dot corresponds to a bearish break of an ascending trendline.
The oscillator calculation depends on two parameters from the settings panel: short and long alpha length. These parameters are used to calculate a synthetic EMA with a variable alpha for both bullish and bearish breaks. The final result is the difference between the two averages.
As shown in the image, using the same trend detection parameters but different alphas can produce very different results. The larger the alphas, the smoother the oscillator becomes, detecting bigger trends but making it less reactive.
This tool features the same trendline detection system as the Trendlines with Breaks indicator, which is based on three main parameters: swing length, slope, and calculation method.
As we can see in the image above, the data collected for the oscillator calculation will be different when using different parameters. A larger length detects larger trends. A larger slope or a different calculation method also impacts the final result.
🔹 Signal Line
The signal line is a smoothed version of the oscillator; traders can choose the smoothing method and length used from the settings panel.
In the image, the signal line crossings are displayed as vertical lines. As we can see, the market usually corrects downward after a bearish crossing and corrects upward after a bullish crossing.
Traders can choose among 10 different smoothing methods for the signal line. In the image, we can see how different methods and lengths give different outputs.
🔹 Divergences
The tool features a divergence detector that helps traders understand the strength behind price movements. Traders can adjust the detection length from the settings panel.
As shown in the image, a bearish divergence occurs when the price prints higher highs, but the momentum on the histogram prints lower highs. A bullish divergence occurs when the price prints lower lows, but the histogram prints higher lows.
By adjusting the length of the divergence detector, traders can filter out smaller divergences, allowing the tool to only detect more significant ones.
The image above depicts divergences detected with different lengths; the larger the length, the bigger the divergences are detected.
🔶 SETTINGS
🔹 Trendlines
Swing Detection Lookback: The size of the market structure used for trendline detection.
Slope: Slope steepness, a value of 0 gives horizontal levels, values larger than 1 give a steeper slope
Slope Calculation Method: Choose how the slope is calculated
🔹 Oscillator
Short Alpha Length: Synthetic EMA short period
Long Alpha Length: Synthetic EMA long period
Smoothing Signal: Choose the smoothing method and period
Divergences: Enable or disable divergences and select the detection length.
🔹 Style
Bullish: Select bullish color.
Bearish: Select bearish color.
DEMA Flow [Alpha Extract]A sophisticated trend identification system that combines Double Exponential Moving Average methodology with advanced HL median filtering and ATR-based band detection for precise trend confirmation. Utilizing dual-layer smoothing architecture and volatility-adjusted breakout zones, this indicator delivers institutional-grade flow analysis with minimal lag while maintaining exceptional noise reduction. The system's intelligent band structure with asymmetric ATR multipliers provides clear trend state classification through price position analysis relative to dynamic threshold levels.
🔶 Advanced DEMA Calculation Engine
Implements double exponential moving average methodology using cascaded EMA calculations to significantly reduce lag compared to traditional moving averages. The system applies dual smoothing through sequential EMA processing, creating a responsive yet stable trend baseline that maintains sensitivity to genuine market structure changes while filtering short-term noise.
// Core DEMA Framework
dema(src, length) =>
EMA1 = ta.ema(src, length)
EMA2 = ta.ema(EMA1, length)
DEMA_Value = 2 * EMA1 - EMA2
DEMA_Value
// Primary Calculation
DEMA = dema(close, DEMA_Length)
2H
🔶 HL Median Filter Smoothing Architecture
Features sophisticated high-low median filtering using rolling window analysis to create ultra-smooth trend baselines with outlier resistance. The system constructs dynamic arrays of recent DEMA values, sorts them for median extraction, and handles both odd and even window lengths for optimal smoothing consistency across all market conditions.
// HL Median Filter Logic
hlMedian(src, length) =>
window = array.new_float()
for i = 0 to length - 1
array.push(window, src)
array.sort(window)
// Median Extraction
lenW = array.size(window)
median = lenW % 2 == 1 ?
array.get(window, lenW / 2) :
(array.get(window, lenW/2 - 1) + array.get(window, lenW/2)) / 2
// Smooth DEMA Calculation
Smooth_DEMA = hlMedian(DEMA_Value, HL_Filter_Length)
🔶 ATR Band Construction Framework
Implements volatility-adaptive band structure using Average True Range calculations with asymmetric multiplier configuration for optimal trend identification. The system creates upper and lower threshold bands around the smoothed DEMA baseline with configurable ATR multipliers, enabling precise trend state determination through price breakout analysis.
// ATR Band Calculation
atrBands(src, atr_length, upper_mult, lower_mult) =>
ATR = ta.atr(atr_length)
Upper_Band = src + upper_mult * ATR
Lower_Band = src - lower_mult * ATR
// Band Generation
= atrBands(Smooth_DEMA, ATR_Length, Upper_ATR_Mult, Lower_ATR_Mult)
15min
🔶 Intelligent Flow Signal Engine
Generates binary trend states through band breakout detection, transitioning to bullish flow when price exceeds upper band and bearish flow when price breaches lower band. The system maintains flow state persistence until opposing band breakout occurs, providing clear trend classification without whipsaw signals during normal volatility fluctuations.
🔶 Comprehensive Visual Architecture
Provides multi-dimensional flow visualization through color-coded DEMA line, trend-synchronized candle coloring, and bar color overlay for complete chart integration. The system uses institutional color scheme with neon green for bullish flow, neon red for bearish flow, and neutral gray for undefined states with configurable band visibility.
🔶 Asymmetric Band Configuration
Features intelligent asymmetric ATR multiplier system with default upper multiplier of 2.1 and lower multiplier of 1.5, optimizing for market dynamics where upside breakouts often require stronger momentum confirmation than downside breaks. This configuration reduces false signals while maintaining sensitivity to genuine flow changes.
🔶 Dual-Layer Smoothing Methodology
Combines DEMA's inherent lag reduction with HL median filtering to create exceptional smoothing without sacrificing responsiveness. The system first applies double exponential smoothing for initial noise reduction, then applies median filtering to eliminate outliers and create ultra-clean flow baseline suitable for high-frequency and institutional trading applications.
🔶 Alert Integration System
Features comprehensive alert framework for flow state transitions with customizable notifications for bullish and bearish flow confirmations. The system provides real-time alerts on crossover events with clear directional indicators and exchange/ticker integration for multi-symbol monitoring capabilities.
🔶 Performance Optimization Framework
Utilizes efficient array management with optimized median calculation algorithms and minimal variable overhead for smooth operation across all timeframes. The system includes intelligent bar indexing for median filter initialization and streamlined flow state tracking for consistent performance during extended analysis periods.
🔶 Why Choose DEMA Flow ?
This indicator delivers sophisticated flow identification through dual-layer smoothing architecture and volatility-adaptive band methodology. By combining DEMA's reduced-lag characteristics with HL median filtering and ATR-based breakout zones, it provides institutional-grade flow analysis with exceptional noise reduction and minimal false signals. The system's asymmetric band structure and comprehensive visual integration make it essential for traders seeking systematic trend-following approaches across cryptocurrency, forex, and equity markets with clear entry/exit signals and comprehensive alert capabilities for automated trading strategies.
Volume Profile Auto POC📌 Overview
Volume Profile Auto POC is a trend-following strategy that uses the automatically calculated Point of Control (POC) from the volume profile, combined with ATR zones, to capture reversals and breakouts.
By basing decisions on volume concentration, it dynamically visualizes the price levels most watched by market participants.
⚠️ This strategy is provided for educational and research purposes only.
Past performance does not guarantee future results.
🎯 Strategy Objectives
Automatically detect the volume concentration area (POC) to improve entry accuracy
Optimize risk management through ATR-based volatility adjustment
Provide early and consistent signals when trends emerge
✨ Key Features
Automatic POC Detection : Updates the volume profile over a defined lookback window in real time
ATR Zone Integration : Defines a POC ± 0.5 ATR zone to clarify potential reversals/breakouts
Visual Support : Plots the POC line and zones on the chart for intuitive decision-making
📊 Trading Rules
Long Entry:
Price breaks above the POC + 0.5 ATR zone
Volume is above average to support the breakout
Short Entry:
Price breaks below the POC - 0.5 ATR zone
Volume is above average to support the downside move
Exit (or Reverse Position):
Price returns to the POC area
Or touches the ATR band
⚙️ Trading Parameters & Considerations
Indicator Name: Volume Profile Auto POC
Parameters:
Lookback Bars: 50
Bins for Volume Profile: 24
ATR Length: 14
ATR Multiplier: 2.0
🖼 Visual Support
POC line plotted in red
POC ± 0.5 ATR zone displayed as a semi-transparent box
ATR bands plotted in blue for confirmation
🔧 Strategy Improvements & Uniqueness
This strategy is inspired by traditional Volume Profile + ATR analysis,
while adding the improvement of a sliding-window mechanism for automatic POC updates.
Compared with conventional trend-following approaches,
its strength lies in combining both price and volume perspectives for decision-making.
✅ Summary
Volume Profile Auto POC automatically extracts key market levels (POC) and combines them with ATR-based zones,
providing a responsive trend-following method.
It balances clarity with practicality, aiming for both usability and reproducibility.
⚠️ This strategy is based on historical data and does not guarantee future profits.
Always use proper risk management when applying it.
Momentum_EMABand📢 Reposting Notice
I am reposting this script because my earlier submission was hidden due to description requirements under TradingView’s House Rules. This updated version fully explains the originality, the reason for combining these indicators, and how they work together. Follow me for future updates and refinements.
🆕 Momentum EMA Band, Rule-Based System
Momentum EMA Band is not just a mashup — it is a purpose-built trading tool for intraday traders and scalpers that integrates three complementary technical concepts into a single rules-based breakout & retest framework.
Originality comes from the specific sequence and interaction of these three filters:
Supertrend → Sets directional bias.
EMA Band breakout with retest logic → Times precise entries.
ADX filter → Confirms momentum strength and avoids noise.
This system is designed to filter out weak setups and false breakouts that standalone indicators often fail to avoid.
🔧 How the Indicator Works — Combined Logic
1️⃣ EMA Price Band — Dynamic Zone Visualization
Plots upper & lower EMA bands (default: 9-period EMA).
Green Band → Price above upper EMA = bullish momentum
Red Band → Price below lower EMA = bearish pressure
Yellow Band → Price within band = neutral zone
Acts as a consolidation zone and breakout trigger level.
2️⃣ Supertrend Overlay — Reliable Trend Confirmation
ATR-based Supertrend adapts to volatility:
Green Line = Uptrend bias
Red Line = Downtrend bias
Ensures trades align with the prevailing trend.
3️⃣ ADX-Based No-Trade Zone — Choppy Market Filter
Manual ADX calculation (default: length 14).
If ADX < threshold (default: 20) and price is inside EMA Band → gray background marks low-momentum zones.
🧩 Why This Mashup Works
Supertrend confirms trend direction.
EMA Band breakout & retest validates the breakout’s strength.
ADX ensures the market has enough trend momentum.
When all align, entries are higher probability and whipsaws are reduced.
📈 Example Trade Walkthrough
Scenario: 5-minute chart, ADX threshold = 20.
Supertrend turns green → trend bias is bullish.
Price consolidates inside the yellow EMA Band.
ADX rises above 20 → trend momentum confirmed.
Price closes above the green EMA Band after retesting the band as support.
Entry triggered on candle close, stop below band, target based on risk-reward.
Exit when Supertrend flips red or ADX momentum drops.
This sequence prevents premature entries, keeps trades aligned with trend, and avoids ranging markets.
🎯 Key Features
✅ Multi-layered confirmation for precision trading
✅ Built-in no-trade zone filter
✅ Fully customizable parameters
✅ Clean visuals for quick decision-making
⚠ Disclaimer: This is Version 1. Educational purposes only. Always use with risk management.
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.
Opening Range BreakoutOPENING RANGE BREAKOUT (ORB) INDICATOR
DESCRIPTION
The Opening Range Breakout indicator is a powerful technical analysis tool designed specifically for US equity markets. It identifies and visualizes the opening range established during the first configurable minutes of each trading day (starting at 9:30 AM EST), then provides clear signals when price breaks out of or rejects from these key levels.
This indicator combines multiple timeframe analysis capabilities with precise breakout detection to help traders identify high-probability trading opportunities based on opening range dynamics.
KEY FEATURES
Configurable Opening Range:
• Set opening range duration from 5 minutes to 4 hours
• Automatically adjusts calculations based on your chart timeframe
• Works on any timeframe (1m, 5m, 15m, 1h, etc.)
Multi-Day Range Display:
• Shows up to 50 days of historical opening ranges
• Each day's range properly contained within its trading session
• Range lines extend from market open (9:30 AM) to market close (4:00 PM EST)
Clear Signal System:
• Green arrows (⬆): Bullish breakouts and rejections
• Red arrows (⬇): Bearish breakouts and rejections
• Two signal types: Close breakouts (normal size) and wick rejections (small size)
Visual Range Highlighting:
• Opening range period highlighted with colored box
• Customizable colors for range fill, borders, and midline
• Clean, professional appearance with configurable line styles
SIGNAL TYPES
Bullish Signals (Green ⬆):
1. Close Breakout Above Range (Normal Size): 5-minute candle closes above the opening range high
2. Wick Rejection from Below (Small Size): Price wicks below the opening range low but closes back inside the range
Bearish Signals (Red ⬇):
1. Close Breakout Below Range (Normal Size): 5-minute candle closes below the opening range low
2. Wick Rejection from Above (Small Size): Price wicks above the opening range high but closes back inside the range
CONFIGURATION OPTIONS
Range Settings:
• Opening Range Minutes: Duration of opening range (default: 30 minutes)
• Lookback Days: Number of historical days to display (default: 20 days)
Visual Customization:
• Range Color: Fill color for the opening range area
• Border Color: Color for range high/low lines
• Midline Color: Color for the range midpoint line
• Opening Range Highlight Color: Color for the opening period box
• Line Style: Solid, Dashed, or Dotted lines
• Line Width: 1-4 pixel width options
Display Options:
• Show Midline: Toggle midpoint line display
• Show Range Labels: Toggle price level labels
• Arrow Distance: Adjust arrow positioning (0.1-2.0%)
USAGE GUIDE
Basic Setup:
1. Add the indicator to your chart (works best on 5-minute timeframe)
2. Configure your preferred opening range duration (15m, 30m, or 60m are popular choices)
3. Adjust lookback days based on your analysis needs
4. Customize colors and line styles to match your chart theme
Trading Applications:
Breakout Trading:
• Long Entry: Green arrow (close breakout above range) + confirmation
• Short Entry: Red arrow (close breakout below range) + confirmation
• Stop Loss: Opposite side of the opening range
• Target: 1-2x the range size or key support/resistance levels
Range Rejection Trading:
• Reversal Setups: Small arrows indicate failed breakouts
• Mean Reversion: Trade back toward range midline
• Support/Resistance: Use range levels as key price zones
Multi-Day Analysis:
• Identify recurring support/resistance levels
• Analyze range expansion/contraction patterns
• Compare current day's activity to recent history
BEST PRACTICES
1. Timeframe Selection: 5-minute charts provide optimal signal clarity
2. Range Duration: 30-minute opening range is most commonly used, but adjust based on:
- Market volatility
- Stock characteristics
- Trading style preference
3. Confirmation: Use additional indicators or price action for trade confirmation
4. Risk Management: Always use appropriate position sizing and stop losses
MARKET SESSIONS
The indicator is specifically designed for US equity markets:
• Market Open: 9:30 AM EST
• Market Close: 4:00 PM EST
• Opening Range: Calculated from market open
• Range Lines: Extend throughout the trading day only
PERFORMANCE NOTES
• Optimized for real-time trading with minimal lag
• Automatically manages memory by cleaning old ranges
• Efficiently handles multiple timeframes and range calculations
KNOWN ISSUES & WORKAROUNDS
Historical Buffer Error:
Issue: Occasionally, you may encounter an error: "The requested historical offset (XXX) is beyond the historical buffer's limit (770)"
Workaround:
1. Switch to a different timeframe temporarily
2. Switch back to your original timeframe
3. The indicator will reload and function normally
This is a Pine Script limitation related to historical data access and doesn't affect the indicator's core functionality.
COMPATIBILITY
• Pine Script Version: v6
• Chart Types: All chart types supported
• Timeframes: All timeframes (optimized for 1m-1h)
• Markets: Designed for US equity markets during regular trading hours
TIPS FOR MAXIMUM EFFECTIVENESS
1. Combine with Volume: High volume on breakouts increases reliability
2. Market Context: Consider overall market direction and volatility
3. News Awareness: Be cautious around earnings and major announcements
4. Range Quality: Wider ranges often provide better breakout opportunities
5. Time of Day: Early breakouts (first 1-2 hours) often have higher follow-through
This indicator is provided for educational and informational purposes. Always conduct your own analysis and manage risk appropriately.
Session Breakouts & Trend Indicator# Session Breakouts & Trend Indicator
This indicator identifies high-probability trading opportunities by tracking key intraday sessions and their breakouts while aligning them with the overall market trend direction.
## What Makes This Indicator Unique
Unlike standard breakout indicators that only identify when price crosses a threshold, this indicator:
- Dynamically identifies and tracks important daily sessions (default: AM 09:00-10:00 and PM 15:00-16:00)
- Determines trend direction using a triple EMA system (20/50/200)
- Shows when breakouts align with the overall trend (higher probability setups)
- Provides visual confirmation with session ranges, breakout levels, and background highlighting
- Includes a comprehensive information panel showing trend/session alignment
## How It Works
The indicator tracks two important daily sessions:
1. **AM Session**: Typically the first hour of trading (default: 09:00-10:00)
2. **PM Session**: Typically the last hour of trading (default: 15:00-16:00)
For each session, it:
- Marks the high and low range
- Establishes breakout levels above/below these ranges
- Detects when price breaks beyond these levels
- Determines if the breakout aligns with the prevailing trend
The trend is calculated using three EMAs (20, 50, 200) for reliable trend identification.
## How To Use
1. Apply the indicator to your chart (works best on 5-minute timeframes)
2. Adjust session times to match your trading schedule if needed
3. Watch for breakouts above session highs (bullish) or below session lows (bearish)
4. Check the information panel to see if the breakout aligns with the trend
5. Enter trades in the direction of trend-aligned breakouts for higher probability setups
6. Set stop losses below the opposite side of the session range
## Settings
- **Session Times**: Customize AM and PM session times
- **EMA Lengths**: Adjust trend determination sensitivity
- **Visualization Options**: Toggle display of sessions, breakouts, and VWAP
- **Alert Settings**: Configure alerts for breakouts and trend-aligned conditions
This indicator is valuable for day traders and swing traders looking for objective entry points with higher probability of success.
Institutional MACD (Z-Score Edition) [VolumeVigilante]📈 Institutional MACD (Z-Score Edition) — Professional-Grade Momentum Signal
This is not your average MACD .
The Institutional MACD (Z-Score Edition) is a statistically enhanced momentum tool, purpose-built for serious traders and breakout hunters . By applying Z-Score normalization to the classic MACD structure, this indicator uncovers statistically significant momentum shifts , enabling cleaner reads on price extremes, trend continuation, and potential reversals.
💡 Why It Matters
The classic MACD is powerful — but raw momentum values can be noisy and relative , especially on volatile assets like BTC/USD . By transforming the MACD line, signal line, and histogram into Z-scores , we anchor these signals in statistical context . This makes the Institutional MACD:
✔️ Timeframe-agnostic and asset-normalized
✔️ Ideal for spotting true breakouts , not false flags
✔️ A reliable tool for detecting momentum divergence and exhaustion
🧪 Key Features
✅ Full Z-Score normalization (MACD, Signal, Histogram)
✅ Highlighted ±Z threshold bands for overbought/oversold zones
✅ Customizable histogram coloring for visual momentum shifts
✅ Built-in alerts for zero-crosses and Z-threshold breaks
✅ Clean overlay with optional display toggles
🔁 Strategy Tip: Mean Reversion Signals with Statistical Confidence
This indicator isn't just for spotting breakouts — it also shines as a mean reversion tool , thanks to its Z-Score normalization .
When the Z-Score histogram crosses beyond ±2, it marks a statistically significant deviation from the mean — often signaling that momentum is overstretched and the asset may be due for a pullback or reversal .
📌 How to use it:
Z > +2 → Price action is in overbought territory. Watch for exhaustion or short setups.
Z < -2 → Momentum is deeply oversold. Look for reversal confirmation or long opportunities.
These zones often precede snap-back moves , especially in range-bound or corrective markets .
🎯 Combine Z-Score extremes with:
Candlestick confirmation
Support/resistance zones
Volume or price divergence
Other mean reversion tools (e.g., RSI, Bollinger Bands)
Unlike the raw MACD, this version delivers statistical thresholds , not guesswork — helping traders make decisions rooted in probability, not emotion.
📢 Trade Smart. Trade Vigilantly.
Published by VolumeVigilante
PumpC Opening Range Breakout (ORB) Stretch RangePumpC ORB Stretch
The PumpC ORB Stretch is a volatility-based indicator that helps traders identify potential breakout zones by analyzing how price typically behaves around the open. This tool is inspired by concepts introduced by Toby Crabel in his well-known book “Day Trading with Short-Term Price Patterns and Opening Range Breakout.”
Rather than predicting market direction, this indicator highlights areas where price is likely to expand based on recent volatility. It is designed for traders who prefer dynamic, data-driven breakout levels over static support and resistance zones.
What Is the "Stretch"?
In Toby Crabel’s framework, the Stretch is the average of the smaller of two price moves:
The distance from the open to the high of the bar
The distance from the open to the low of the bar
This smaller value captures the “quiet side” of the candle and reflects recent price compression. Averaged over multiple periods (commonly 10 daily bars), it creates a baseline to assess how far price may move away from the open under typical market conditions.
How the Indicator Works
The PumpC ORB Stretch follows this process:
Uses a higher timeframe (such as daily) to calculate the open, high, and low.
For each bar, measures the smaller of the two distances: open to high or open to low.
Applies a moving average to the result over a user-defined number of bars (default is 10).
Multiplies the average stretch by customizable levels (e.g., 0.382, 1.0, 2.0).
Plots breakout levels above and below the open of the selected timeframe.
The result is a set of adaptive levels that expand or contract with market volatility.
Customization Options
Stretch Timeframe: Choose the timeframe used for stretch calculation (default: Daily).
Stretch Length: Set the number of bars to include in the moving average.
Breakout Levels: Enable or disable individual levels and define multipliers.
Color Settings: Customize colors for each range level for easy visual distinction.
Plot Style: Circular markers are used to reduce chart clutter and improve readability.
How to Use It
Use plotted levels to anticipate possible breakouts from the open.
Adjust stretch length to reflect short-term or longer-term volatility trends.
Combine this tool with momentum indicators, volume, or price action for confirmation.
Use levels to help guide stop placement or profit targets in breakout strategies.
Important Notes
This script is based on an interpretation of Crabel’s concepts and is not affiliated with Crabel Capital or the original author.
The indicator does not predict direction; it is a tool for context and structure.
It is recommended that users test and validate this tool in a simulated environment before applying it to live trading.
This indicator is intended for educational purposes only.
Licensing and Attribution
This script is built entirely in Pine Script v5 and follows TradingView’s open-source standards. It does not include any third-party or proprietary code. If you modify or share it, please credit the original idea and follow all TradingView script publishing rules.
