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PumpC Opening Range Breakout (ORB) 5min Range📄 PumpC ORB 5-Minute Opening Range Breakout Indicator ✨ Overview The PumpC ORB 5-Minute Opening Range Breakout indicator captures early session price action by tracking the high, low, and open of a defined 5-minute window at market open (customized for Futures or Stocks). It plots breakout levels, extension targets, average range calculations, volume tracking, and provides visual and table-based data summaries. This indicator is designed for traders seeking a complete, clean visualization of Opening Range Breakouts (ORB) with flexible customization. ⚙️ Main Features Opening Range Box (ORB Box) Draws a box around the high and low of the first 5-minute session (8:30–8:35 ET for Futures, 9:30–9:35 ET for Stocks). Box extends from the session open to the session close (4:00 PM ET). Option to enable/disable historical boxes. Box color and opacity are customizable. Core ORB Levels Open Level: Plots the open price of the 5-minute ORB window. ORB Levels: Plots breakout levels at multiples: +0.5x the range +1.5x the range (customizable factor) Each level has independent color settings and visibility toggles. Option to show or hide historic extension levels. Table Display Compact table in the top-right corner showing: ORB ATR (average range) ORB ATR in ticks Today's ORB range ORB Volume ATR (average volume during ORB) Today's ORB Volume Volume is formatted automatically into "K" (thousands) or "M" (millions) for readability. Background Highlights After the ORB window closes: Blue highlight if today's ORB range is greater than the 10-day ATR average. Orange highlight if today's ORB range is smaller than the 10-day ATR average. Helps quickly assess relative strength or weakness compared to historical behavior. Alerts Breakout Confirmations: Fires when price closes above ORB High or below ORB Low. Fallout Traps: Alerts when price wick crosses ORB High/Low but closes back inside the range. Alerts use clean titles and simple messages for easy identification. 🔧 Inputs and Customization Mode Toggle: Choose between Futures (8:30 ET open) or Stocks (9:30 ET open). Show/Hide Labels: Control label visibility for ORB and extension levels. Line Width Control: Customize thickness for ORB lines and extension levels. ORB Level Level Visibility: Independently enable or disable each extension line. Table Appearance: Customize table background color, font color, and padding. ORB Box Settings: Customize box color and control whether historical boxes are drawn. 📚 How to Use Select Mode: Choose Futures or Stocks depending on your instrument. Observe the Opening Range: Focus on the ORB High and ORB Low during the first 5 minutes after the open. Monitor Breakouts: Breakout alerts will fire when price closes outside the ORB range, signaling potential continuation. Watch for Fallout Traps: Fallout alerts signal when price briefly wicks above/below but closes back inside the ORB range. Use Table Metrics: Instantly compare today's ORB range and volume versus historical averages to assess session strength or weakness. 🛡️ Notes Best used on the 1-minute or 5-minute chart for intraday trading. Ensure your TradingView chart time zone is set to New York for correct functioning. Alerts must be manually configured after adding the indicator to your chart.
Pine Script® indicator
by PumpCTrader
Bullish and Bearish Breakout Alert for Gold Futures PullbackBelow is a Pine Script (version 6) for TradingView that includes both bullish and bearish breakout conditions for my intraday trading strategy on micro gold futures (MGC). The strategy focuses on scalping two-legged pullbacks to the 20 EMA or key levels with breakout confirmation, tailored for the Apex Trader Funding $300K challenge. The script accounts for the Daily Sentiment Index (DSI) at 87 (overbought, favoring pullbacks). It generates alerts for placing stop-limit orders for 175 MGC contracts, ensuring compliance with Apex’s rules ($7,500 trailing threshold, $20,000 profit target, 4:59 PM ET close). Script Requirements Version: Pine Script v6 (latest for TradingView, April 2025). Purpose: Bullish: Alert when price breaks above a rejection candle’s high after a two-legged pullback to the 20 EMA in a bullish trend (price above 20 EMA, VWAP, higher highs/lows). Bearish: Alert when price breaks below a rejection candle’s low after a two-legged pullback to the 20 EMA in a bearish trend (price below 20 EMA, VWAP, lower highs/lows). Context: 5-minute MGC chart, U.S. session (8:30 AM–12:00 PM ET), avoiding overbought breakouts above $3,450 (DSI 87). Output: Alerts for stop-limit orders (e.g., “Buy: Stop=$3,377, Limit=$3,377.10” or “Sell: Stop=$3,447, Limit=$3,446.90”), quantity 175 MGC. Apex Compliance: 175-contract limit, stop-losses, one-directional news trading, close by 4:59 PM ET. How to Use the Script in TradingView 1. Add Script: Open TradingView (tradingview.com). Go to “Pine Editor” (bottom panel). Copy the script from the content. Click “Add to Chart” to apply to your MGC 5-minute chart . 2. Configure Chart: Symbol: MGC (Micro Gold Futures, CME, via Tradovate/Apex data feed). Timeframe: 5-minute (entries), 15-minute (trend confirmation, manually check). Indicators: Script plots 20 EMA and VWAP; add RSI (14) and volume manually if needed . 3. Set Alerts: Click the “Alert” icon (bell). Add two alerts: Bullish Breakout: Condition = “Bullish Breakout Alert for Gold Futures Pullback,” trigger = “Once Per Bar Close.” Bearish Breakout: Condition = “Bearish Breakout Alert for Gold Futures Pullback,” trigger = “Once Per Bar Close.” Customize messages (default provided) and set notifications (e.g., TradingView app, SMS). Example: Bullish alert at $3,377 prompts “Stop=$3,377, Limit=$3,377.10, Quantity=175 MGC” . 4. Execute Orders: Bullish: Alert triggers (e.g., stop $3,377, limit $3,377.10). In TradingView’s “Order Panel,” select “Stop-Limit,” set: Stop Price: $3,377. Limit Price: $3,377.10. Quantity: 175 MGC. Direction: Buy. Confirm via Tradovate. Add bracket order (OCO): Stop-loss: Sell 175 at $3,376.20 (8 ticks, $1,400 risk). Take-profit: Sell 87 at $3,378 (1:1), 88 at $3,379 (2:1) . Bearish: Alert triggers (e.g., stop $3,447, limit $3,446.90). Select “Stop-Limit,” set: Stop Price: $3,447. Limit Price: $3,446.90. Quantity: 175 MGC. Direction: Sell. Confirm via Tradovate. Add bracket order: Stop-loss: Buy 175 at $3,447.80 (8 ticks, $1,400 risk). Take-profit: Buy 87 at $3,446 (1:1), 88 at $3,445 (2:1) . 5. Monitor: Green triangles (bullish) or red triangles (bearish) confirm signals. Avoid bullish entries above $3,450 (DSI 87, overbought) or bearish entries below $3,296 (support) . Close trades by 4:59 PM ET (set 4:50 PM alert) .
Pine Script® indicator
by samjNQ
MACD Crossover Breakout Rays with VWAP & Breakout ConfirmationOverview This script is designed to highlight potential strong breakout moves by combining MACD crossovers, VWAP confirmation, and price action breakouts. It helps traders identify momentum shifts and filter high-probability trade setups. How It Works 1. MACD Crossover Detection - The script detects bullish crossovers (MACD line crossing above the signal line) and bearish crossovers (MACD line crossing below the signal line). - A horizontal ray is drawn at the high (bullish) or low (bearish) of the crossover candle. 2. Multi-Timeframe MACD Confirmation - A secondary MACD crossover is checked on a lower timeframe (default: 5 minutes) to confirm the strength of the move. - The script ensures alignment between the primary and lower timeframe MACD crossovers before signaling a strong move. 3. VWAP Confirmation - A bullish breakout is valid only if the price is above the VWAP. - A bearish breakout is valid only if the price is below the VWAP. 4. Breakout Validation - The script waits for price action confirmation—a breakout is only valid when a candle closes above (bullish) or below (bearish) the horizontal ray. - Once confirmed, the ray color changes to blue to signal a strong move. 5. Label Alerts for Strong Moves - When all conditions align, the script prints "STRONG 💪 MOVE" above or below the breakout candle. - The previous label is automatically removed to keep the chart clean. Customization Options - MACD Settings: Adjust fast/slow lengths and signal smoothing. - Lower Timeframe Confirmation: Choose a different timeframe for multi-timeframe MACD validation. - VWAP Filtering: Ensure breakouts align with volume-weighted trends. - Ray Length & Colors: Customize the horizontal ray length, width, and colors. - Breakout Confirmation Window: Adjust how many bars to check for MACD alignment. Best Use Cases ✅ Identifying high-probability breakouts with trend confirmation. ✅ Filtering out false signals by requiring multi-timeframe agreement. ✅ Helping traders stay in momentum-driven moves with strong confirmation. ⚠ Note: This script is for educational purposes only and does not constitute financial advice. Always conduct your own analysis before making trading decisions.
Pine Script® indicator
by tmp3tradingsystems
Time-Weighted Price Action IndicatorThe Time-Weighted Price Action Indicator is a simple yet effective tool designed to detect consolidation zones based on time duration and highlight potential reversal points using a contrarian breakout logic. Instead of following traditional breakout strategies, this indicator aims to capitalize on false breakouts and reversal entries. How It Works • The indicator identifies a price range (zone) using a configurable lookback period. • If the price remains within this range for a specified number of bars (threshold), a consolidation zone is confirmed. • Once a breakout or breakdown from this zone occurs, the indicator triggers a reversed signal — suggesting a potential reversal instead of a trend-following entry. • Support and resistance levels are marked visually, and BUY/SELL labels are plotted when price re-enters the zone, indicating potential exhaustion or traps. Key Features • ✅ Time-based consolidation detection • ✅ Contrarian signal logic (Buy at breakdowns, Sell at breakouts) • ✅ Dynamic zone plotting with support/resistance visualization • ✅ Auto-reset after each breakout for fresh zone detection • ✅ Visual labels and alerts for BUY/SELL signals How to Use • Ideal for range-bound markets or identifying trap zones around support/resistance. • Use in conjunction with volume, momentum, or trend filters to refine entries. • Can complement mean reversion strategies or be used as a signal confirmation tool. Why This Combination? This approach blends time-based consolidation logic with a contrarian price action perspective, offering traders a different lens to analyze markets. Instead of blindly following breakouts, it highlights areas where price rejections and false breakouts often occur — common in algorithm-driven markets. Why It’s Worth Using This indicator helps you stay ahead of trap zones, identify reversal spots, and understand price behavior in consolidation zones — a critical edge, especially in sideways or choppy markets. It adds context to price movement, helping traders avoid common breakout failures. Note: • No performance guarantees or exaggerated claims. • No solicitation or promotional language used. • This is a free, open-source educational tool meant to aid price action understanding.
Pine Script® indicator
by TradeTechanalysis
5
FVG Breakout Lite by tradingbauhausExplanation of "FVG Breakout Lite by tradingbauhaus" This script is a trading strategy built for TradingView that helps you spot and trade "Fair Value Gaps" (FVGs)—price areas where the market moved quickly, leaving a gap that might act as support or resistance later. It’s designed to catch breakout opportunities when the price moves strongly in one direction, with extra filters to make trades more reliable. Here’s how it works and how you can use it: What It Does 1. Finds Fair Value Gaps (FVGs): A "Bullish FVG" happens when the price jumps up quickly, leaving a gap below where it didn’t trade much (e.g., today’s low is higher than the high from two bars ago). A "Bearish FVG" is the opposite: the price drops fast, leaving a gap above (e.g., today’s high is lower than the low from two bars ago). The script draws colored boxes on your chart to show these gaps: green for bullish, red for bearish. 2. Spots Breakouts: It looks for "strong" FVGs by comparing them to a trend (based on the highest highs and lowest lows over a set period). If a bullish gap forms above the recent highs, or a bearish gap below the recent lows, it’s marked as a breakout opportunity. 3. Adds a Volume Check: Trades only happen if the market’s volume is higher than usual (e.g., 1.2x the average volume over the last 20 bars). This helps ensure the breakout has real momentum behind it. 4. Trades Automatically: Long Trades (Buy): If a bullish breakout FVG forms and volume is high, it buys at the current price. Short Trades (Sell): If a bearish breakout FVG forms with high volume, it sells short. Each trade comes with a stop loss (to limit losses) and a take profit (to lock in gains), both adjustable by you. 5. Shows Mitigation Lines (Optional): If you turn on "Display Mitigation Zones," it draws lines at the edge of each breakout FVG. These lines show where the price might return to "fill" the gap later, helping you see key levels. 6. Includes Webull Costs: The script factors in real trading fees from Webull, like tiny SEC and FINRA fees for selling, and a daily margin cost if you’re borrowing money to trade. These don’t show up on the chart but affect the strategy’s performance in backtesting. How to Use It 1. Add to Your Chart: Copy the script into TradingView’s Pine Editor, click "Add to Chart," and it’ll start drawing FVGs and running the strategy. 2. Customize Settings: Trend Period (Default: 25): How many bars it looks back to define the trend. Longer periods mean fewer but stronger signals. Volume Lookback (Default: 20) & Volume Threshold (Default: 1.2): Adjust how it measures "high volume." Increase the threshold for stricter trades. Stop Loss % (Default: 1.5%) & Take Profit % (Default: 3%): Set how much you’re willing to lose or aim to gain per trade. Margin Rate % (Default: 8.74%): Webull’s rate for borrowing money—lower it if your account qualifies for a better rate. Display Mitigation Zones (Default: On): Toggle this to see or hide the gap lines. Colors: Change the green (bullish) and red (bearish) shades to suit your chart. 3. Backtest It: Go to the "Strategy Tester" tab in TradingView to see how it performs on past data. It’ll show trades, profits, losses, and Webull fees included. 4. Watch It Work: Green boxes mean bullish FVGs; red boxes mean bearish FVGs. If volume spikes and the price breaks out, you’ll see trades happen automatically. What to Expect Visuals: You’ll see colored boxes for FVGs and optional lines showing where they start. These help you spot key price zones even if you’re not trading. Trades: It’s selective—only trades when FVGs align with a breakout and volume confirms it. Expect fewer trades but with higher potential. Risk: The stop loss keeps losses in check, while the take profit aims for a 2:1 reward-to-risk ratio by default (3% gain vs. 1.5% loss). Costs: Webull’s fees are small but baked into the results, so you’re seeing a realistic picture of profits. Tips for Users Test it on a small timeframe (like 5-minute charts) for day trading or a larger one (like daily) for swing trading. Play with the volume threshold—if you get too few trades, lower it (e.g., 1.1); if too many, raise it (e.g., 1.5). Watch how price reacts to the mitigation lines—they’re often support or resistance zones traders target. This strategy is lightweight, focused, and built for traders who like breakouts with a bit of confirmation. It’s not foolproof (no strategy is!), but it gives you a clear way to trade FVGs with some smart filters.
Pine Script® strategy
by tradingbauhaus
Support and Resistance Breakouts By RICHIESupport and resistance are fundamental concepts in technical analysis used to identify price levels on charts that act as barriers, preventing the price of an asset from getting pushed in a certain direction. Here’s a detailed description of each and how breakout strategies are typically used: Support Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of an asset drops, it hits a level where buyers tend to step in, causing the price to rebound. Support Level Identification: Support levels are identified by looking at historical data where prices have repeatedly fallen to a certain level but have then rebounded. Strength of Support: The more times an asset price hits a support level without breaking below it, the stronger that support level is considered to be. Resistance Resistance is a price level where an uptrend can be expected to pause due to a concentration of selling interest. As the price of an asset increases, it hits a level where sellers tend to step in, causing the price to drop. Resistance Level Identification: Resistance levels are identified by looking at historical data where prices have repeatedly risen to a certain level but have then fallen back. Strength of Resistance: The more times an asset price hits a resistance level without breaking above it, the stronger that resistance level is considered to be. Breakouts A breakout occurs when the price moves above a resistance level or below a support level with increased volume. Breakouts can be significant because they suggest a change in supply and demand dynamics, often leading to strong price movements. Breakout Above Resistance: Indicates a bullish market sentiment. Traders often interpret this as a sign to enter a long position (buy). Breakout Below Support: Indicates a bearish market sentiment. Traders often interpret this as a sign to enter a short position (sell). Breakout Trading Strategies Confirmation: Wait for a candle to close beyond the support or resistance level to confirm the breakout. Volume: Increased volume on a breakout adds credibility, suggesting that the price move is supported by strong buying or selling interest. Retest: Sometimes, after a breakout, the price will return to the breakout level to test it as a new support or resistance. This retest offers another entry point. Stop-Loss: Place stop-loss orders just below the resistance (for long positions) or above the support (for short positions) to limit potential losses in case of a false breakout. Take-Profit: Identify target levels for taking profits. These can be set based on previous support/resistance levels or using tools like Fibonacci retracements.
Pine Script® indicator
by THERICHIE
Trendlines with Breaks [LuxAlgo]The trendlines with breaks indicator return pivot point based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method. Trendline breakouts occur in real-time and are not subject to backpainting. Trendlines can however be subject to repainting unless turned off from the user settings. The indicator includes integrated alerts for trendline breakouts. 🔶 USAGE Any valid trendlines methodology can be used with the indicator, users can identify breakouts in order to infer future price movements. The calculation method of the slope greatly affects the trendline's behaviors. By default, an average true range is used, returning a more constant slope amongst trendlines. Other methods might return trendlines with significantly different slopes. Stdev makes use of the standard deviation for the slope calculation, while Linreg makes use of the slope of a linear regression. The above chart shows the indicator using "Stdev" as a slope calculation method. The chart below makes use of the "Linreg" method. By default trendlines are subject to backpainting, and as such are offset by length bars in the past. Disabling backpainting will not offset the trendlines. 🔶 SETTINGS Length: Pivot points period Slope: Slope steepness, values greater than 1 return a steeper slope. Using a slope of 0 would be equivalent to obtaining levels. Slope Calculation Method: Determines how the slope is calculated. Backpaint: Determine whether trendlines are backpainted, that is offset to past.
Pine Script® indicator
by LuxAlgo
439
SilverHawk Trendline BreakoutsSilverHawk Trendline Breakouts This indicator automatically draws trendlines from recent pivot highs and lows, projecting them forward to identify potential breakouts. Features: • Dynamic trendline zones based on pivot points (wicks or body option) • Breakout signals when price crosses the projected line • Volatility-adjusted target (TP) lines • Built-in alerts for bullish/bearish breakouts, TP hits, and SL hits Settings: • Period: lookback length for pivot detection (default 10) • Type: Wicks or Body for pivot calculation • Extend: projection length in bars (25, 50, or 75) • Show Targets: toggle TP lines on/off Best suited for H1 to H4 timeframes on Forex pairs or indices for trend continuation setups. Use with proper risk management and confirmation. Educational tool only. Not financial advice. Trading involves risk.
Pine Script® indicator
by SilverHawkSuite_
4
BTC 15m VWAP Structure Breakout [ALERT]BTC 15m VWAP Structure Breakout Strategy (Alert Only) This strategy is designed for BTC on the 15-minute timeframe. It focuses on identifying high-probability structural breakouts within an established trend, not predicting tops or bottoms. The script is alert-only. Entries are taken manually, based on confirmation after the alert. 🎯 Core Idea The main question this strategy answers is: “Is this breakout occurring with the trend, or is it just a fake move inside a ranging market?” To solve this, the strategy combines: VWAP (institutional average price) EMA20 (short-term trend filter) Market structure breakout 📈 Indicators Used VWAP (Volume Weighted Average Price) Represents the market’s fair value and institutional bias. EMA20 Defines short-term trend direction and momentum. Structure High / Low (last 25 candles) Identifies meaningful resistance and support levels. 🧭 Market Bias Filter 🔵 Bullish Bias (Long Setup Allowed) Price closes above VWAP EMA20 is rising (higher than 2 candles ago) This confirms a valid bullish environment before looking for breakouts. 🔴 Bearish Bias (Short Setup Allowed) Price closes below VWAP EMA20 is falling (lower than 2 candles ago) This confirms a valid bearish environment. 🚀 Breakout Signal Conditions ✅ Long Breakout Alert A LONG alert is triggered when all conditions are met: Bullish market bias Price closes above EMA20 Price breaks above the previous 25-candle high by at least 0.15% ➡️ This captures true continuation breakouts, not random spikes. ❌ Short Breakdown Alert A SHORT alert is triggered when all conditions are met: Bearish market bias Price closes below EMA20 Price breaks below the previous 25-candle low by at least 0.15% ➡️ This captures trend-aligned support breakdowns. 🔔 How to Use the Alerts (Important) These alerts are NOT automatic entry signals. When an alert fires, check: Volume expansion Breakout confirmation or pullback-and-reclaim Higher-timeframe trend alignment 👉 Alert = “Market is ready, pay attention” 🧠 Best Market Conditions ✔ Trending BTC markets ✔ Breakout or expansion phases ✔ Works in all sessions (no session filter) ❌ Choppy or low-volatility ranging markets 👍 Who This Strategy Is For Traders who can’t watch charts all day Traders who want to reduce emotional entries Traders who prefer probability and structure over prediction Manual traders using alerts as decision triggers 📌 Final Thoughts This strategy: ❌ does NOT try to catch bottoms or tops ✅ reacts only when structure confirms a real move Let the market show strength first — then decide how to trade it.
Pine Script® indicator
by Stockdale-Paradox
Robrechtian Long-Medium Breakout Trend SystemRobrechtian Long–Medium-Term Breakout Trend System A professional, rule-based trend-following strategy designed to capture large, sustained price movements using pure price action and breakouts. This system follows long-established trend-following philosophy: no prediction, no volatility targeting, and no profit targets. Only disciplined entries, position additions, and exits driven entirely by trend structure. Core Principles Breakout-driven entries: Initial positions are taken only when price breaks above/below the 80-day Donchian channel, confirming a long–medium-term trend shift. Short-term confirmation: Breakouts must also exceed the 20-day channel, reducing false positives. Trend-direction filter: A 50-day moving average slope filter ensures alignment with the broader trend. Explosive bar filter: Entries avoid excessively large, single-candle expansions (>2.5× ATR(20)) to prevent chasing exhaustion spikes. Pyramiding into strength: Additional units are added only when price makes fresh 20-day breakouts in the direction of the trend. No scaling out. No adding on dips. Exit only on trend violation: Positions are closed exclusively when price breaks the opposite 80-day channel. This preserves unlimited upside while enforcing disciplined exits. Pure trend philosophy: No volatility targeting, no smoothing, no discretionary overrides, no optimization for short-term performance. Intended Use This system is designed primarily for diversified futures portfolios, where diversification across dozens of globally liquid markets creates robustness and stability. However, it may also be used on individual assets for educational and analytical purposes. The system embraces the core trend-following logic: Small losses, big winners, and unlimited upside when trends persist. ⚠️ WARNINGS / DISCLAIMERS ⚠️ Warning 1 — This strategy is not optimized for single stocks The Robrechtian Trend System is designed for multi-asset futures portfolios, not single equities. Performance on individual tickers may vary greatly due to lack of diversification. ⚠️ Warning 2 — Trend following includes substantial drawdowns Deep drawdowns are a normal and expected feature of all long-term trend-following systems. The strategy does not attempt to smooth returns or manage volatility. If you seek steady, low-volatility equity curves, this system is not suitable. ⚠️ Warning 3 — No volatility targeting or risk smoothing This system intentionally avoids volatility-based position sizing. Trades may experience larger fluctuations than systems using risk parity or vol targeting. ⚠️ Warning 4 — Not financial advice This script is for educational and research purposes only. Past performance does not guarantee future results. Use at your own risk. ⚠️ Warning 5 — TradingView backtests have known limitations TradingView does not simulate: futures contract roll logic slippage real bid/ask spreads liquidity conditions limit-up/limit-down behavior Results may vary from live market execution.
Pine Script® strategy
by LordRobrecht
Price Action [BreakOut] InternalKey Features and Functionality Support & Resistance (S/R): The script automatically identifies and draws support and resistance lines based on a user-defined "swing period." These lines are drawn from recent pivot points, and users can customize their appearance, including color, line style (solid, dashed, dotted), and extension (left, right, or both). The indicator can also display the exact price of each S/R level. Trendlines: It draws trendlines connecting pivot highs and pivot lows. This feature helps visualize the current trend direction. Users can choose to show only the newest trendlines, customize their length and style, and select the source for the pivot points (e.g., candle close or high/low shadow). Price Action Pivots: This is a core component that identifies and labels different types of pivots based on price action: Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL). These pivots are crucial for understanding market structure and identifying potential trend changes. The script marks these pivots with shapes and can display their price values. Fractal Breakouts: The script identifies and signals "fractal breakouts" and "breakdowns" when the price closes above a recent high pivot or below a recent low pivot, respectively. These signals are visually represented with up (⬆) and down (⬇) arrow symbols on the chart. Customization and Alerts: The indicator is highly customizable. You can toggle on/off various features (S/R, trendlines, pivots, etc.), adjust colors, line styles, and text sizes. It also includes an extensive list of alert conditions, allowing traders to receive notifications for: Price Crossovers: When the close price crosses over or under a support or resistance level. Trendline Breaks: When the price breaks above an upper trendline or below a lower trendline. Fractal Breaks: When a fractal breakout or breakdown occurs.
Pine Script® indicator
by titakunna_tk
Opening Range BreakoutOpen Range Breakout (ORB) – Trading Strategy Documentation Definition: The Open Range Breakout (ORB) is a short-term trading strategy that identifies the price range established during the initial period of market opening (typically the first 15 to 60 minutes) and uses the high and low of that range as key reference levels for potential breakout entries. Components: Open Range High: The highest price traded during the defined opening period. Open Range Low: The lowest price traded during the same period. Breakout Trigger: A price move above the Open Range High or below the Open Range Low, signaling potential continuation momentum. How It Works: Define the Opening Period: Select a time window (e.g., 30 minutes) at market open to establish the initial range. Identify Range Boundaries: Record the high and low prices during this period. Monitor for Breakout: Watch for price to break and close above the Open Range High (bullish breakout) or below the Open Range Low (bearish breakout). Enter Trade: Enter long on a confirmed break above the Open Range High, or short on a break below the Open Range Low. Entry may be triggered on a retest of the broken level or with volume confirmation. Set Stop-Loss and Target: Stop-loss: Placed just inside the open range (e.g., below the high for long, above the low for short). Profit target: Based on volatility (e.g., ATR multiple) or support/resistance levels. Key Assumptions: Early price action reflects initial market sentiment. A breakout from this range indicates strong directional momentum likely to continue. Best Conditions: High liquidity markets (e.g., major indices, large-cap stocks). Volatile or news-driven trading sessions. Used primarily in intraday trading. Limitations: Prone to false breakouts during low-volume or choppy markets. Requires strict risk management due to reliance on timing and confirmation. Conclusion: The ORB strategy capitalizes on early market momentum by trading breakouts from the initial price range. Its effectiveness depends on precise range definition, timely execution, and disciplined risk control.
Pine Script® indicator
by Broly_88
GrayZone Sniper [CHE] — Breakout Validation System GrayZone Sniper — Breakout Validation System Trade only the clean breakouts. Detect the sideways “gray zone,” wait for a confirmed breach, and act only when momentum (TFRSI) and range expansion (Mean Deviation) align. Clear long/short triggers, one-shot exit signals, and persistent levels keep your manual trading disciplined and repeatable. Why it boosts manual trading * No guesswork: Grey box marks consolidation; you trade the validated break. * Fewer fakeouts: Triggers require momentum + volatility—not just a wick through a level. * Rules > bias: Optional close-only signals stop intrabar noise. * Built-in exits: One-shot LS/SS (Long/Short Stop) when conditions degrade. * Actionable visuals: Gray-zone boxes, persistent highs/lows, and a smooth T3 trendline. What it does (short + precise) 1. Maps consolidation as a gray box (running high/low while state is neutral). 2. Validates breakouts only when: * Mean Deviation filter says current range expands vs. its own baseline, and * TFRSI momentum is above 50 + deadzone (long) or below 50 − deadzone (short), and * Price closes beyond the last gray high/low (optional close-only). → You get L (long) or S (short). 3. Manages exits with a smooth T3 trendline plus MD trend: when MD weakens and T3 turns against the prior side, you get a single LS/SS stop signal. 4. Extends structure: Last gray-zone H/L can persist as right-extended levels for retests/targets. 5. Ready for alerts: Prebuilt alert conditions for L, S, LS, SS. Signals at a glance * L – Long Trigger (validated breakout up) * S – Short Trigger (validated breakout down) * LS – Long Stop (exit hint for open long) * SS – Short Stop (exit hint for open short) Why TFRSI + Mean Deviation is a killer combo They measure different, complementary things—and that reduces correlated errors. * Mean Deviation (MD) = range expansion filter. It checks whether current absolute deviation of Typical Price from its SMA (|TP − SMA(TP)|) is greater than its own historical mean deviation baseline. In plain English: *is the market actually moving beyond its usual wiggle?* If not, most breakouts are noise. * TFRSI = directional momentum around a 50 baseline, normalized and smoothed to react fast while avoiding raw RSI twitchiness. * Synergy: * MD confirms there’s energy (volatility regime has expanded). * TFRSI confirms where that energy points (bull or bear). * Requiring both gives you high-quality, directional expansion—the exact condition that tends to produce follow-through, while filtering the classic “thin break, immediate snap-back.” Result: Fewer trades, better quality. You skip most range breaks without momentum or momentum pops without real expansion. Inputs & Functions (clean overview) Core: TFRSI & MD * TFRSI Length (`tfrsiLen`, default 6): Longer = smoother, slower. * TFRSI Smoothing (`tfrsiSignalLen`, default 2): SMA on TFRSI for cleaner signals. * Mean Deviation Period (`mdLen`, default 20): Baseline for expansion filter. * Use classical MD (`useTaDev`, default off): * Off: MD vs current SMA (warning-free internal baseline). * On: Classical `ta.dev` implementation. * TFRSI Deadzone ± around 50 (`tfrsiDeadzone`, default 1.0): Wider deadzone = stricter momentum confirmation (less chop). Triggers & Logic * Trigger only on bar close (`fireOnCloseOnly`, default on): Confirmed signals only; no intrabar flicker. * Reset gray bounds after trigger (`resetGrayBoundsAfterTrigger`, default on): Clears last gray H/L once a trade triggers. * Auto-deactivate on neutral (`autoDeactivateOnNeutral`, default off): Strict disarm when state flips back to neutral. Gray-Zone Boxes * Show boxes (`showGrayBoxes`, default on): Draws the neutral consolidation box. * Max boxes (`maxGrayBoxes`, default 10): How many historic boxes to keep. * Transparency (`boxFillTransp`/`boxBorderTransp`, defaults 85/30): Visual tuning. Trendline (T3) * T3 Length (`t3Length`, default 3): Smoothing depth (higher = smoother). * T3 Volume Factor (`t3VolumeFactor`, default 0.7): Controls responsiveness of the T3 curve. Persistent Levels * Persist gray H/L (`saveGrayLevels`, default on): Extend last gray high/low to the right. * Max saved level pairs (`maxSavedGrayLvls`, default 1): How many H/L pairs to keep. * Reset levels on trigger (`resetLevelsOnTrig`, default off): Clean slate after new trigger. Debug & Visuals * Show debug markers (`showDebugMarkers`, default on): Display L/S/LS/SS in the pane. * Show legend (`showLegend`, default on): Compact legend (top-right). How to trade it (practical) 1. Keep close-only on. Let the market finish the candle. 2. Wait for a clean gray box. Let the range define itself. 3. Take only L/S triggers where MD filter passes and TFRSI confirms. 4. Use persistent levels for retests/partials/targets. 5. Respect LS/SS. When expansion fades and T3 turns, exit without debate. Tuning tips: * More chop? Increase `tfrsiDeadzone` or `mdLen`. * Want faster entries? Slightly reduce `t3Length` or deadzone, but expect more noise. * Works across assets/timeframes (crypto/FX/indices/equities). Bottom line GrayZone Sniper enforces a simple, robust rule: Don’t touch the market until it breaks a defined range with real expansion and aligned momentum. That’s why TFRSI + Mean Deviation is hard to beat—and why your manual breakout trades get cleaner, calmer, and more consistent. Disclaimer: The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Enhance your trading precision and confidence with Triple Power Stop (CHE)! 🚀 Happy trading Chervolino
Pine Script® indicator
by chervolino
2
SONIC R BREAK FINAL (VER5) Purpose: Capture breakouts through Support/Resistance (S/R) zones based on Pivot and filter signals using EMA 34 (High/Low/Close), EMA 89, volume, and candle structure. Includes a Higher Timeframe (H4) RSI risk warning (visual only, does not block entries). How it works S/R zones from Pivot Draws Resistance and Support using ta.pivothigh/ta.pivotlow with Left/Right Bars. S/R lines are locked with offset to reduce repaint. EMA trend filters EMA34 High/Low/Close build a “EMA 34 band”. EMA89 works as the main trend filter. Trend conditions: Long: close above all EMA34 High/Low/Close and EMA89. Short: close below all EMA34 High/Low/Close and EMA89. Volume filter (optional) Signal valid only if Volume > SMA(Volume, n). Wick filter Each wick (upper/lower) ≤ 50% of candle range to avoid weak breakouts. Higher TF RSI risk (H4) Fetches RSI from a higher timeframe (default H4). If RSI exceeds threshold, breakout labels turn gray (risk warning only). Anti-repeat mechanism Each new pivot resets trigger. Each S/R level triggers only once until the next pivot is formed. Signals & Alerts Label “B” (green) below candle: breakout above Resistance, valid EMA/Volume/Wick conditions. Label “S” (red) above candle: breakout below Support, valid EMA/Volume/Wick conditions. Gray labels = H4 RSI risk warning. Unified alert: “S/R Breakout (Unified)” with message B=Buy, S=Sell, Gray=Risk. Parameters Show Breaks: toggle breakout detection. Left/Right Bars: pivot sensitivity. Require Volume > Average + Volume MA Length: volume filter. Use H4 RSI Risk Warning: enable higher TF RSI check. RSI Length, Higher TF (minutes), RSI thresholds for Buy/Sell risk. Usage tips Prioritize trades in the same direction as EMA89 and EMA34 trend. Works on M5 to H4; best combined with RSI H4 when trading M15/M30. Place SL behind the S/R just broken, TP by fixed RR or EMA trailing. Increase Left/Right Bars for stronger zones and less noise in sideways markets. Notes Pivot still has repaint element (mitigated by offset). This indicator is not financial advice. Always combine with proper risk management. Version Clean v4: added wick ≤50% filter, H4 RSI risk coloring, volume filter, anti-repeat pivot trigger, unified alert, EMA34 H/L/C background shading.
Pine Script® indicator
by tanle26112002
Opening-Range BreakoutNote: Default trading date range looks mediocre. Set date range to "Entire History" to see full effect of the strategy. 50.91% profitable trades, 1.178 profit factor, steady profits and limited drawdown. Total P&L: $154,141.18, Max Drawdown: $18,624.36. High R^2 █ Overview The Opening-Range Breakout strategy is a mechanical, session‑based day‑trading system designed to capture the initial burst of directional momentum immediately following the market open. It defines a user‑configurable “opening range” window, measures its high and low boundaries, then places breakout stop orders at those levels once the range closes. Built‑in filters on minimum range width, reward‑to‑risk ratios, and optional reversal logic help refine entries and manage risk dynamically. █ How It Works Opening‑Range Formation Between 9:30–10:15 AM ET (configurable), the script tracks the highest high and lowest low to form the day’s opening range box. On the first bar after the range window closes, the range high (OR_high) and low (OR_low) are “locked in.” Range‑Width Filter To avoid false breakouts in low‑volatility mornings, the range must be at least X% of the current price (default 0.35%). If the measured opening-range width < minimum threshold, no orders are placed that day. Entry & Order Placement Long: a stop‑buy order at the opening‑range high. Short: a stop‑sell order at the opening‑range low. Only one side can trigger (or both if reverse logic is enabled after a losing trade). Risk Management Once triggered, each trade uses an ATR‑style stop-loss defined as a percentage retracement of the range (default 50% of range width). Profit target is set at a configurable Reward/Risk Ratio (default 1.1×). Optional: Reverse on Stop‑Loss – if the initial breakout loses, immediately reverse into the opposite side on the same day. Session Exit Any open positions are closed at the end of the regular trading day (default 3:45 PM ET window end, with hard flat at session close). Visual cues are provided via green (range high) and red (range low) step‑line plots directly on the chart, allowing you to see the range box and breakout triggers in real time. █ Why It Works Early Momentum Capture: The first 15 – 60 minutes of trading encapsulate overnight news digestion and institutional order flow, creating a well‑defined volatility “range.” Mechanical Discipline: Clear, rule‑based entries and exits remove emotional guesswork, ensuring consistency. Volatility Filtering: By requiring a minimum range width, the system avoids choppy, low‑range days where false breakouts are common. Dynamic Sizing: Stops and targets scale with the opening range, adapting automatically to each day’s volatility environment. █ How to Use Set Your Instruments & Timeframe -Apply to any futures contract on a 1‑ to 5‑minute chart. -Ensure chart timezone is set to America/New_York. Configure Inputs -Opening‑Range Window: e.g. “0930-1015” for a 45‑minute range. -Min. OR Width (%): e.g. 0.35 for 0.35% of current price. -Reward/Risk Ratio: e.g. 1.1 for a modest profit target above your stop. -Max OR Retracement %: e.g. 50 to set stop at 50% of range width. -One Trade Per Day: toggle to limit to a single breakout. -Reverse on Stop Loss: toggle to flip direction after a losing breakout. Monitor the Chart -Watch the green and red range boundaries form during the session open. -Orders will automatically submit on the first bar after the range window closes, conditioned on your filters. Review & Adjust -Backtest across multiple months to validate performance on your preferred contract. -Tweak range duration, minimum width, and R/R multiple to fit your risk tolerance and desired win‑rate vs. expectancy balance. █ Settings Reference Input Defaults Opening‑Range Window - Time window to form OR (HHMM-HHMM) - 0930–1015 Regular Trading Day - Full session for EOD flat (HHMM-HHMM) - 0930–1545 Min. OR Width (%) - Minimum OR size as % of close to trigger orders - 0.35 Reward/Risk Ratio - Profit target multiple of stop‑loss distance - 1.1 Max OR Retracement (%) - % of OR width to use as stop‑loss distance - 50 One Trade Per Day - Limit to a single breakout order per day - false Reverse on Stop Loss - Reverse direction immediately after a losing trade - true Disclaimer This strategy description and any accompanying code are provided for educational purposes only and do not constitute financial advice or a solicitation to trade. Futures trading involves substantial risk, including possible loss of capital. Past performance is not indicative of future results. Traders should assess their own risk tolerance and conduct thorough backtesting and forward-testing before committing real capital.
Pine Script® strategy
by fabledforman
2
OBR 15min Session Opening Range Breakout + Volume Trend DeltaQuick Overview This Pine Script plots the opening range for London and New York sessions, highlights breakout levels, draws previous session pivots, and offers a live volume delta table for trend confirmation. Session Opening Range - Captures the high/low of the first 15 minutes (configurable) for both London & NY sessions. - Fills the range area with adjustable semi‑transparent colors. - Optional alerts fire on breakout above the high or below the low. Previous Session Levels - Automatically draws previous day’s High, Low, Open and previous 4‑hour High/Low. - Helps identify key S/R zones as price approaches ORB breakouts. Volume Trend Delta - Uses a CMO‑weighted moving average and ATR bands to detect trend state. - Accumulates bullish vs. bearish volume during each trend. - Displays Bull Vol, Bear Vol, and Delta % in a movable table for quick strength checks. How to Use 1. Let the opening range complete (first 15 min). 2. Look for price closing above/below the ORB—enter long on an upside break, short on a downside break. 3. Check the Volume Delta table: positive delta confirms buying strength; negative delta confirms selling pressure. 4. Use previous day/4h levels as additional support/resistance filters. Settings & Customization - ORB Duration & Session Times (London/NY), fill colors, and toggles. - Enable/disable Previous Day & 4H levels. - Trend Period, Momentum Window, and Delta table position/size. - Pre‑built alert conditions for all ORB breakouts. Developer Notes - Fully commented for easy adjustments. - Modular sections: ORB, previous levels, trend delta, and alerts. - No external libraries—pure Pine Script v6. Tip Combine ORB breakouts with Volume Delta and prior session pivots to filter false signals and trade stronger, more reliable moves.
Pine Script® indicator
by IndexaZ
4
Disparity Index with Volatility ZonesDisparity Index with Volatility Zones is a momentum oscillator that measures the percentage difference between the current price and its simple moving average (SMA). This allows traders to identify overbought/oversold conditions, assess momentum strength, and detect potential trend reversals or continuations. 🔍 Core Concept: The Disparity Index (DI) is calculated as:   DI = 100 × (Price − SMA) / SMA A positive DI indicates the price is trading above its moving average (potential bullish sentiment), while a negative DI suggests the price is below the average (potential bearish sentiment). This version of the Disparity Index introduces a dual-zone volatility framework, offering deeper insight into the market's current state. 🧠 What Makes This Version Unique? 1. High Volatility Zones When DI crosses above +1.0% or below –1.0%, it often indicates the start or continuation of a strong trend. Sustained readings beyond these thresholds typically align with trending phases, offering opportunities for momentum-based entries. A reversal back within ±1.0% after exceeding these levels can suggest a shift in momentum — similar to how RSI exits the overbought/oversold zones before reversals. These thresholds act as dynamic markers for breakout confirmation and potential trend exhaustion. 2. Low Volatility Zones DI values between –0.5% and +0.5% define the low-volatility zone, shaded for visual clarity. This area typically indicates market indecision, sideways price action, or consolidation. Trading within this range may favor range-bound or mean-reversion strategies, as trend momentum is likely limited. The logic is similar to interpreting a flat ADX, tight Bollinger Bands, or contracting Keltner Channels — all suggesting consolidation. ⚙️ Features: Customizable moving average length and input source Adjustable thresholds for overbought/oversold and low-volatility zones Optional visual fill between low-volatility bounds Clean and minimal chart footprint (non-essential plots hidden by default) 📈 How to Use: 1. Trend Confirmation: A break above +1.0% can be used as a bullish continuation signal. A break below –1.0% may confirm bearish strength. Long periods above/below these thresholds support trend-following entries. 2. Reversal Detection: If DI returns below +1.0% after exceeding it, bullish momentum may be fading. If DI rises above –1.0% after falling below, bearish pressure may be weakening. These shifts resemble overbought/oversold transitions in oscillators like RSI or Stochastic, and can be paired with divergence, volume, or price structure analysis for higher reliability. 3. Sideways Market Detection: DI values within ±0.5% indicate low volatility or a non-trending environment. Traders may avoid breakout entries during these periods or apply range-trading tactics instead. Observing transitions out of the low-volatility zone can help anticipate breakouts. 4. Combine with Other Indicators: DI signals can be enhanced using tools like MACD, Volume Oscillators, or Moving Averages. For example, a DI breakout beyond ±1.0% supported by a MACD crossover or volume spike can help validate trend initiation. This indicator is especially powerful when paired with Bollinger Bands: A simultaneous price breakout from the Bollinger Band and DI moving beyond ±1.0% can help identify early trend inflection points. This combination supports entering positions early in a developing trend, improving the efficiency of trend-following strategies and enhancing decision-making precision. It also helps filter false breakouts when DI fails to confirm the move outside the band. This indicator is designed for educational and analytical purposes and works across all timeframes and asset classes. It is particularly useful for traders seeking a clear framework to identify momentum strength, filter sideways markets, and improve entry timing within a larger trading system.
Pine Script® indicator
by fly_high_
1
Pre-London High-Low Breakout IndicatorOverview The Pre-London High-Low Breakout Indicator helps traders identify breakout opportunities at the London session open. It marks the high and low one hour before London opens (5 PM - 6 PM AEST) and incorporates a 200 SMA filter to confirm trade direction. The indicator also provides real-time breakout markers for precise entries. How the Indicator Works 1. Pre-London High & Low Identification (5 PM - 6 PM AEST) The indicator tracks the highest and lowest price levels within this period. These levels act as key breakout zones once London opens. The high and low remain visible until 12 AM AEST for reference. 2. 200 SMA as a Trend Filter A 200 SMA (yellow, thick line) is plotted to filter breakout trades. Only long (buy) trades are valid if price is above the 200 SMA. Only short (sell) trades are valid if price is below the 200 SMA. 3. Real-Time Breakout Confirmation Buy Signal (Green Diamond): Price breaks above the pre-London high. Price is above the 200 SMA. Sell Signal (Red Diamond): Price breaks below the pre-London low. Price is below the 200 SMA. No signal appears if the breakout is against the SMA trend, reducing false trades. How to Use the Indicator Properly Step 1: Identify the Pre-London Range (5 PM - 6 PM AEST) Observe price movements and note the session high & low. Do not take trades within this period—wait for a clear breakout. Step 2: Wait for a Breakout After 6 PM AEST A breakout must occur beyond the session high or low. The breakout should be clear and decisive, not hovering around the range. Step 3: Confirm with the 200 SMA If price is above the 200 SMA, only buy signals are valid. If price is below the 200 SMA, only sell signals are valid. If a breakout occurs against the SMA, ignore it. Step 4: Enter the Trade and Manage Risk Enter the trade after the breakout candle closes. Set stop-loss just inside the pre-London range to minimize risk. Take profit using a 1:2 or 1:3 risk-reward ratio, or trail the stop. Why This Strategy Works Pre-London Liquidity Grab: Institutional traders set positions before the London open, making this range significant. Trend Confirmation with SMA: Reduces false breakouts by filtering trades in the direction of the trend. Real-Time Breakout Detection: Green and red diamond markers highlight valid breakouts that meet all conditions. Final Notes If price breaks out but quickly reverses, it may be a false breakout—avoid impulsive trades. The indicator works best when combined with other confluences such as volume analysis or key support/resistance levels. Alerts can be added to notify traders when a valid breakout occurs. This setup is ideal for traders looking for a structured, rule-based approach to trading London session breakouts with a strong trend confirmation mechanism.
Pine Script® indicator
by LukeHouls83
Line Break Chart StrategyHello All! We should not pass this year without a gift! My last publication in 2024 is Complete Line Break Chart Strategy with many features! What is Line Break Chart? " Line Break is a Japanese chart style that disregards time intervals and only focuses on price movements, similar to the Kagi and Renko chart styles. Line Break charts form a series of up and down bars (referred to as lines). Up lines represent rising prices, and down lines represent falling prices. New confirmed lines only form on the chart when closing prices break the range covered by previous lines. Users can control the number of past lines used in the calculation via the "Number of Lines" input in the chart settings. The typical "Number of Lines" setting is 3, meaning the chart forms a new up line when the closing price is above the high prices of the last three lines, and it forms a new down line when the closing price is below the past three lines' low prices. If the current price is higher, it is an up line and if it is lower, it is a down line. If the current closing price is the same or the move in the opposite direction is not large enough to warrant a reversal, l then no new line is draw n" by Tradingview. You can find it here Now let's start examining the features of the indicator: By using Line break reversals it shows trend on the main chart. You can create alert . Moreover, you can decide which trade should be taken by using Risk Management in the indicator. You can set the " Maximum Risk " and then if the risk is more than you set then the trade is not taken. When trend changed it checks the distance between reversal level and open price and compare it with the Maximum Risk Breakout: It can find breakouts and shows on the chart. You can create alert for breakouts It can show breakouts on the main chart: Flip-Flops: Upon looking at set of price break charts, the trader will notice that there are instances when uptrend blocks is followed by one reversal block, and then by a reversal to a series of uptrend blocks. The opposite is also possible: a series of downtrend blocks is followed by one reversal box and then by an immediate reversal to downtrend. This price action is called a " Flip-Flop ". This structure usually produces trend continuation signal. when we see this then we better use Buy/Sell stop order. lets see this on the chart: Temporal Sequence Table: Sequence frequency shows the frequency distribution of the number of sequential highs and the number of sequential lows that have been generated. This is quite important to the trader who is seeking to join a trend or put on a trade when the price break reverses into a new trend direction. For example, if the pattern over the past year has been that there never were more than nine consecutive high closes, it would make sense not to enter a position late into the sequence of new high closes. also you can see market structure. I have tried to formalize it and show it under the table. so you can understand if it's choppy market. "Number of Lines" has very important role. While using low time frames such seconds/minutes time frame you may want to choose higher number of lines such 5,6. ( this may minimize the risk of a whipsaw ) Gaps feature: You can set Gaps on/off. if Gaps on then you can see how long it takes for each box Reversal and Continuation Probability: The script calculated Reversal level and Continuation probability of the trend by using Sequence frequency. It also shows unconfirmed box and current closing price level: Last but not least it has Overlay option for all items, and can show all items in the main chart! P.S. I added alerts :) Wish you all a happy new year! Enjoy!
Pine Script® indicator
by LonesomeTheBlue
56
Salman Indicator: Multi-Purpose Price ActionSalman Indicator: Multi-Purpose Price Action Tool for Pin Bars, Breakouts, and VWAP Anchoring This indicator provides a comprehensive suite of price action insights, designed for active traders looking to identify key market structures and potential reversals. The script incorporates a Quarterly VWAP for trend bias, marks pin bars for possible reversal points, highlights outside bars for volatility signals, and indicates simple breakouts and pivot-level breaks. Customizable settings allow for flexibility in various trading styles, with default settings optimized for daily charts. Outside Bars : Represented by an ⤬ symbol on the chart, these indicate bars where the current high is greater than the previous bar’s high, and the low is lower than the previous bar’s low, signaling high volatility and potential market reversals. Pin Bars : Denoted by a small dot at the top or bottom of a candle’s wick, these are crucial signals of potential reversal areas. Pin bars are identified based on the percentage length of their shadows, with adjustable strictness in settings. Quarterly VWAP : The light blue line on the chart represents the VWAP (Volume-Weighted Average Price), which is anchored to the Quarterly period by default. The VWAP acts as a directional bias filter, helping you to determine underlying market trends. This period, source, and offset are fully adjustable in the script’s settings. Simple Breaks : Hollow candles on the chart indicate "simple breaks," defined when the current bar closes above the previous high or below the previous low. This is an effective way to highlight directional momentum in the market. Bonus Pivot Breaks : The tilde symbol ~ appears when the price closes above or below prior pivot high/low levels, helping traders spot significant breakout or breakdown points relative to recent pivots. Alerts Simple Breaks : Alerts you when a breakout occurs beyond the previous bar’s high or low. Pin Bars : Notifies you of potential reversal points as indicated by bullish or bearish pin bars. Outside Bars : Triggers an alert whenever an outside bar is detected, indicating possible volatility changes. How to Use VWAP for Trend Bias : Use the Quarterly VWAP line to gauge overall market trend, with settings that allow adjustment to daily, weekly, monthly, or even larger time frames. Pin Bars for Reversal Potential : Look for the dot markers on candle wicks, where the strictness of the pin bar detection can be adjusted via settings to match your trading preference. Simple and Pivot Breaks for Momentum : Watch for hollow candles and the tilde symbol ~ as indicators of potential breakout momentum and pivot break levels, respectively. This script can serve traders on multiple timeframes, from daily to weekly and beyond. The flexible configuration allows for adjustments in VWAP anchoring and pin bar criteria, providing a tailored fit for individual trading strategies.
Pine Script® indicator
by luc_crypto
2
Master Candle Breakout V1 Master Candle Breakout V1 - Indicator Description The Master Candle Breakout V1 indicator is a powerful price action-based tool designed to help traders identify and capitalize on breakout opportunities from consolidation phases. This indicator is particularly useful for identifying master candles, which are large candles that encompass the range of subsequent candles, creating a key level of support or resistance. Once the price breaks above or below the range of the master candle, the indicator provides clear buy or sell signals, allowing traders to ride the momentum of the breakout. Key Features: Master Candle Detection: The indicator identifies master candles based on a user-defined period, marking them on the chart as critical breakout points. Buy and Sell Signals: When the price breaks above the master candle's high, a buy signal is plotted. Similarly, when the price breaks below the master candle's low, a sell signal is generated. These signals are displayed on the chart with customizable shapes (diamonds, arrows, circles, crosses) and colors for easy visualization. Stop-Loss Level Display: For risk management, the indicator calculates and plots a stop-loss level based on user-defined ticks above or below the master candle's high or low. The stop-loss value is shown as a label next to the signal, helping traders manage risk effectively. Customizable Colors and Shapes: Users can fully customize the appearance of the signals, including the color of the buy/sell diamonds, the stop-loss label text color, and the type of shape used for the signals. Versatile Application: The Master Candle Breakout V1 can be applied to any timeframe and market, from forex and stocks to commodities and cryptocurrencies, making it a highly versatile tool for traders of all types. How to Use: Master Candle Period: Define how many candles should follow the master candle for confirmation. Stop Loss Ticks: Set the number of ticks above or below the master candle to define your stop-loss level. Entry Signals: Once the price closes outside the high or low of the master candle, enter the trade accordingly (buy on breakouts above the high, sell on breakouts below the low). Risk Management: Use the stop-loss level provided by the indicator to minimize losses and protect your capital. This indicator is perfect for traders who prefer a simple, price-action-based strategy and want to avoid the clutter of traditional indicators. By focusing on the core principle of breakouts, Master Candle Breakout V1 helps traders quickly identify consolidation zones and potential breakout trades.
Pine Script® indicator
by MonicaPropTraderz
3
Wedge BreakoutThe Wedge Breakout indicator is designed to identify and signal potential breakouts from a wedge pattern, a common technical analysis formation. A wedge pattern typically forms when the price moves within converging trendlines, indicating a potential upcoming breakout either upwards (bullish) or downwards (bearish). Identifying Pivot Points: The indicator first calculates pivot points, which are significant highs and lows that define the wedge's upper and lower boundaries. Pivot Lows: It identifies the lowest price points over a specified length (input_len), which serves as the lower boundary of the wedge. Pivot Highs: Similarly, it identifies the highest price points over the same length, forming the upper boundary of the wedge. Drawing Trendlines: The pivot points are connected to form dashed trendlines that represent the upper and lower boundaries of the wedge. The indicator uses the SimpleTrendlines library to manage and draw these trendlines dynamically: Green Trendline: Indicates an upward slope (bullish). Red Trendline: Indicates a downward slope (bearish). Calculating the Breakout Conditions: A breakout is confirmed when the price action fulfills two conditions: The candle's high exceeds the upper trendline's highest point. The candle's low drops below the lower trendline's lowest point. This condition suggests that the price is squeezing within the wedge pattern and is about to break out. Determining Breakout Direction: The direction of the breakout is determined by the candle's closing position relative to its opening: Bullish Breakout (Upward): When the candle closes above its opening price (close > open) after breaching both trendlines, it suggests a bullish breakout. This condition is marked with a green upward triangle . Bearish Breakout (Downward): When the candle closes below its opening price (close < open) after breaching both trendlines, it suggests a bearish breakout. This condition is marked with a red downward triangle. Visual Representation: Green Triangle Up: Plotted below the bar to indicate a potential bullish breakout. Red Triangle Down: Plotted above the bar to indicate a potential bearish breakout. Used library: www.tradingview.com
Pine Script® indicator
by UnknownUnicorn13336802
ACD Indicator [TradingFinder] M Fisher Pivots Methodology Signal🔵 Introduction The book "The Logical Trader" begins with a comprehensive review of the ACD Methodology principles, which include identifying specific price points related to the opening range. This method allows you to set reference points for trading and use points "A" and "C" for trade entry. You will also learn about the "Pivot Range" and how to combine them with the ACD method to maximize position size and minimize risk. In this indicator, the strategy is implemented to make it easier to use. 🔵 How to Use The "ACD" strategy can be applied to various markets such as stocks, commodities, or forex, providing buy and sell signals that allow you to set your price targets and stop losses. This strategy is based on the assumption that the opening range of trades is statistically significant each day, meaning the initial market fluctuations influence the market until the end of the day. The ACD trading strategy is known as a breakout strategy and performs best in volatile or strongly trending markets, such as crude oil and stocks. Some of the rules for using the ACD strategy include the following : Consider points A and C as reference points and continuously pay attention to these points during trades. These points serve as entry and exit points for trades. Examine daily and multi-day pivot ranges to analyze market trends. If the price is above the pivots, the trend is upward, and if below the pivots, the trend is downward. Trading with the ACD strategy in forex is possible using the ACD indicator. This indicator is a technical tool used to measure the balance between supply and demand in the market. By analyzing trading volume and price, this indicator helps traders identify trend strength and suitable entry and exit points. To use the ACD indicator, consider the following : Identifying strong trends: The ACD indicator can help you identify strong and stable trends in the market. Determining entry and exit points: ACD provides buy and sell signals to enter or exit trades at the best possible time. Bullish Setup : When the "A up" line is broken, it is advisable to wait for some time to ensure that this is not a "Fake Breakout" and that the price stabilizes above this line. After entering the trade, the best stop loss you can choose is below the "A down" line. However, it is recommended to test this in backtests to achieve the best results. The suitable reward-to-risk ratio for this strategy is 1, which should also be backtested. Bearish Setup : When the "A down" line is broken, it is advisable to wait for some time to ensure that this is not a "Fake Breakout" and that the price stabilizes below this line. After entering the trade, the best stop loss you can choose is above the "A up" line. However, it is recommended to test this in backtests to achieve the best results. The suitable reward-to-risk ratio for this strategy is 1, which should also be backtested. 🔵 Setting NDay Pivot Range Period : Using this entry you can specify the number of days to calculate NDay Pivot Range. Show Daily Pivot Range : Set the Daily Pivot color and displayed or not. Show NDay Pivot Range : Set the NDay Pivot color and displayed or not. ATR Period Levels : Determining the period of the ATR indicator, which is used to determine the A and C levels. Show Tokyo ACD Setup : Set the Tokyo ACD Setup color and displayed or not. Tokyo Opening Range Time : The amount of time taken to determine the opening range. You can set this number between 5 and 60 minutes. Tokyo Session : Market start and end time. A Level Multiplier : The coefficient that is multiplied by ATR to determine the distance of line A up and A down. C Level Multiplier : The coefficient that is multiplied by ATR to determine the distance of line C up and C down. The same settings exist for the London and New York sessions.
Pine Script® indicator
by TFlab
10