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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
Mark Minervini + Pocket Pivot Breakout MARK MINERVINI + POCKET PIVOT BREAKOUT INDICATOR The Mark Minervini + Pocket Pivot Breakout indicator is a versatile tool designed for technical analysis. It combines principles from Mark Minervini’s trading strategy with Pocket Pivot Breakout patterns. This custom indicator highlights potential breakout opportunities based on specific criteria, helping traders identify stocks that meet both the trend-following conditions of Minervini’s methodology and the momentum-driven Pocket Pivot Breakout setup. --------------------------------------------------------------------------------------------------------------------- MARK MINERVINI CRITERIA The indicator evaluates the stock based on Minervini’s set of rules, which include: Price above key moving averages: Close > EMA50 Close >= EMA150 Close >= EMA200 EMA crossovers: EMA50 > EMA150 EMA50 > EMA200 EMA150 >= EMA200 Price relative to 52-week range: Close > 30% of 52-week low Close within 25% of 52-week high EMA200 relative to one month ago: EMA200 > EMA200 one month ago IMPORTANCE OF THIS TEMPLATE How to Pinpoint Stage 2 As I’ve stated, history clearly shows that virtually every superperformance stock was in a definite uptrend before experiencing its big advances. In fact, 99 percent of superperformance stocks traded above their 200-day moving averages before their huge advance, and 96 percent traded above their 50-day moving averages. I apply the Trend Template criteria (see below) to every single stock I’m considering. The Trend Template is a qualifier. If a stock doesn’t meet the Trend Template criteria, I don’t consider it. Even if the fundamentals are compelling, the stock must be in a long-term uptrend—as defined by the Trend Template—for me to consider it as a candidate. Without identifying a stock’s trend, investors are at risk of going long when a stock is in a dangerous downtrend, going short during an explosive uptrend, or tying up capital in a stock lost in a sideways neglect phase. It’s important to point out that a stock must meet all eight of the Trend Template criteria to be considered in a confirmed stage 2 uptrend.- By MARK MINERVINI --- POCKET PIVOT VOLUME & GAP-UP DETECTION 1. Pocket Pivot Volume The Pocket Pivot Volume indicator displays a blue arrow below the candle if: - The stock's price rises more than 3% from the open. - The day's volume exceeds the highest red volume of the past 10 days (as per the 'Pocket Pivot' concept by Gil Morales & Chris Kacher). If only one condition is met, no arrow appears. How to Use: - Use the blue arrow as a buy signal when a stock breaks out from a proper base (e.g., cup & handle, Darvas box). - For existing positions, it signals a continuation buy opportunity. - Avoid entries if the stock is too extended from the 10-day moving average (10MA). --- 2. Gap-Up Detection (>0.5%) A blue candle appears when a stock gaps up by more than 0.5% from the previous close. This indicator is off by default and can be enabled in settings. How to Use: - A strong close on a gap-up day indicates strength. - Use it alongside proper base breakouts from tight consolidations. - Avoid entries if the stock is extended from the 10MA. --- Precautions & Key Points - Avoid long entries in weak market conditions or below the 200MA. - Prioritize fundamentally strong stocks with solid earnings, margins, and sales growth. - Buy breakouts from well-formed bases for optimal setups. ---------------------------------------------------------------------------------------------------------------- CUSTOMIZABLE TABLE DISPLAY Displays a table with the results of the Minervini conditions (whether each condition is met or not). The table can be customized to show the title, position (top, center, bottom), and other visual features. Mini Mode : When enabled, the table only displays the title when all conditions are met. BACKGROUND CANDLE HIGHLIGHT The chart background will be highlighted in a custom color whenever all of the Mark Minervini conditions are satisfied. (Adjust the transparency and color in setting) This provides a quick visual cue of potential trades. ALERTS Alerts are set up for the following conditions: Mark Minervini Passed: When all of Mark Minervini’s conditions are met. Pocket Pivot Breakout: When a Pocket Pivot pattern is detected. Gap-Up Alert: When a gap-up bar appears on the chart. CUSTOMIZABLE INPUTS TABLE CUSTOMIZATION Vertical Position: Choose from "Top", "Center", or "Bottom". Horizontal Position: Choose from "Left", "Center", or "Right". MINI MODE Enable or disable Mini Mode to show only the table title when all conditions are met. CANDLE HIGHLIGHT COLOR Select a custom color to highlight candles that meet all the conditions. POCKET PIVOT SETTINGS Barsize: Adjust the minimum percentage change for considering a green day. Pocket Pivot Lookback Days: Specify the number of days to look back for Pocket Pivot patterns. Gap-up Bar: Option to detect gap-up bars. Gap-up Value: Set the minimum gap percentage to trigger a gap-up condition. CONCLUSION This indicator combines technical analysis with a specific focus on Mark Minervini’s strategies and Pocket Pivot breakouts, providing a comprehensive tool for traders looking for growth stocks with momentum. It offers flexibility in terms of display, customization, and alerts, allowing traders to tailor it to their specific trading style.
Pine Script® indicator
by roshankumarstocks
3
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
TrendPredator ESThe TrendPredator Essential (ES) Stacey Burke, a seasoned trader and mentor, developed his trading system over the years, drawing insights from influential figures such as George Douglas Taylor, Tony Crabel, Steve Mauro, and Robert Schabacker. His popular system integrates select concepts from these experts into a consistent framework. While powerful, it is highly discretionary, requiring significant real-time analysis, which can be challenging for novice traders. The TrendPredator ES indicator supports this approach by automating the essential analysis required to trade the system effectively and incorporating a mechanical bias and multi-timeframe concept. It provides value to traders by significantly reducing the time needed for session preparation and offering relevant chart analysis and signals for live trading through real-time updates and a unique consolidated table format. The Stacey Burke Master Pattern Inspired by Taylor’s 3-day cycle and Steve Mauro’s work with “Beat the Market Maker,” Burke’s system views markets as cyclical, driven by the manipulative patterns of market makers. These patterns often trap traders at the extremes of moves above or below significant levels with peak formations, then reverse to utilize their liquidity, initiating the next phase. Breakouts away from these traps often lead to range expansions, as described by Tony Crabel and Robert Schabacker. After multiple consecutive breakouts, especially after the psychological number three, overextension might develop. A break in structure may then lead to reversals or pullbacks. Burke’s system is designed to track these cycles on the daily timeframe and provides signals and trade setups to navigate along them. Bias Logic and Multi-Timeframe Concept The indicator covers the basic signals of his system: - First Red Day (FRD): Bearish break in structure, signalling weak longs in the market. - First Green Day (FGD): Bullish break in structure signalling weak shorts in the markt. - Three Days of Longs (3DL): Overextension signalling potential weak longs in the market. - Three Days of Shorts (3DS): Overextension signalling potential weak shorts in the market. - Inside Day (ID): Contraction, signalling potential impulsive reversal or range expansion move. It enhances the original system by introducing: Structured Bias Logic: Tracks bias by following how price trades concerning the last previous candle high or low that was hit. For example if the high was hit, we are bullish above and bearish below. - Bullish state: Breakout (BO), Fakeout Low (FOL) - Bearish state: Breakdown (BD), Fakeout High (FOH) Multi-Timeframe Perspective: - Tracks all signals across H4, H8, D, W, and M timeframes, to look for alignment and follow trends and momentum in a mechanical way. The indicator monitors the bias and signals of the system across all relevant timeframes and automates the related graphical chart analysis to generate the information needed for the trader to identify key setups. Additional to the SB pattern, the system helps to identify the higher timeframe situation and follow the moves driven by other timeframe traders. Example: Full Bullish Cycle on the Daily Timeframe with Signals - The Trap/Peak Formation The market breaks down from a previous day’s and maybe week’s low—potentially after multiple breakdowns—but fails to move lower and pulls back up to form a peak formation low and closes as a first green day. Signal: Bullish daily and weekly fakeout low; three consecutive breakdown days (1W Curr FOL, 1D Curr FOL, BO 3S). - Pullback and Consolidation The next day pulls further up after first green day signal, potentially consolidates inside the previous day’s range. Signal: Fakeout low and first green day closing as an inside day (1D Curr IS, Prev FOL, First G). - Range Expansion/Trend The following day breaks up through the previous day’s high, launching a range expansion away from the trap. Signal: Bullish daily breakout of an inside day (1D Curr BO, Prev IS). - Overextension After multiple consecutive breakouts, the market reaches a state of overextension, signalling a possible reversal or pullback. Signal: Three days of breakout longs (1D Curr BO, Prev BO, BO 3L). Note: This is only one possible scenario; there are many variations and combinations. Example Chart: Full Bullish Cycle with Correlated Signals Note: The signals shown along the move are manually added illustrations. The indicator shows these in realtime in the table at the bottom right. This is only one possible scenario; there are many variations and combinations. Due to the fractal nature of markets, this cycle can be observed across timeframes. The strongest setups show multi-timeframe alignment. For example, a peak formation and potential reversal on the daily timeframe has high probability and follow-through if it also aligns with bearish signals on higher timeframes (e.g., weekly/monthly BD/FOH) and confirmation on lower timeframes (H4/H8 FOH/BD). With this perspective the system enables the trader to follow the trend and momentum and identify rollover points in a very differentiated way. Detailed Features and Options 1. Historic Highs and Lows Displays historic highs and lows per timeframe for added context, enabling users to track sequences over time. Timeframes: H4, H8, D, W, M Options: Customize for timeframes shown, number of historic candles per timeframe, colors, formats, and labels. 2. Previous High and Low Extensions Displays extended previous levels (high, low, and close) for each timeframe to assess how price trades relative to these levels. H4: P4H, P4L, P4C H8: P8H, P8L, P8C Daily: PDH, PDL, PDC Weekly: PWH, PWL, PWC Monthly: PMH, PML, PMC Options: Fully customizable for timeframes shown, colors, formats, and labels. 3. Breach Lines Tracks live market reactions (e.g., breakouts or fakeouts) per timeframe for the last previous high or low that was hit, highlighting these levels originating at the breached candle to indicate bias (color-coded). Red: Bearish below Green: Bullish above H4: 4FOL, 4FOH, 4BO, 4BD H8: 8FOL, 8FOH, 8BO, 8BD D: dFOL, dFOH, dBO, dBD W: wFOL, wFOH, wBO, wBD M: mFOL, mFOH, mBO, mBD Options: Fully customizable for timeframes shown, colors, formats, and labels. 4. Multi-Timeframe Table Provides a real-time view of system signals, including: Current Timeframe (Curr): Bias states. - Breakout (green BO): Bullish after breaking above the previous high. - Fakeout High (red FOH): Bearish after breaking above the previous high but pulling back down. - Breakdown (red BD): Bearish after breaking below the previous low. - Fakeout Low (green FOL): Bullish after breaking below the previous low but pulling back up. - Inside (IS): Price trading neutral inside the previous range, taking the previous bias (color indicates the previous bias). Previous Timeframe (Prev): Tracks last candle bias state and transitions dynamically. - Bias for last candle: BO, FOH, BD, FOL in respective colors. - Inside bar (yellow IS): Indicated as standalone signal. Note: Also previous timeframes get constantly updated in real time to track the bias state in relation to the level that was hit. This means a BO can still lose the level and become a FOH, and vice versa, and a BD can still become a FOL, and vice versa. This is critical to see for example if traders that are trapped in that timeframe with a FOH or FOL are released. An inside bar stays fixed, though, since no level was hit in that timeframe. Breakouts (BO): Breakout count 3 longs and 3 shorts. - 3 Longs (red 3L): Bearish after three breakouts without hitting a previous low. - 3 Shorts (green 3S): Bullish after three breakdowns without hitting a previous high. First Countertrend Close (First): Tracks First Red or Green Day. - First Green (G): After two consecutive red closes. - First Red (R): After two consecutive green closes. Options: Customizable font size and label colors. Overall Options: Toggle single feature groups on/off. Customize H8 open/close time as an offset to UTC to be provider independent. Colour settings for dark or bright backgrounds. Using the Indicator for Trading The automated analysis provided by the indicator can be used for thesis generation in preparation for a session as well as for live trading, leveraging the real-time updates. It is recommended to customize the settings accordingly, such as hiding the lower timeframes for thesis generation to keep the charts clean. 1. Setup Identification: Follow the bias of daily and H8 timeframes. A setup always requires alignment of these. Setup Types: - Trend Trade: Trade in alignment with the previous day’s trend. Example: Price above the previous day’s high → Focus on long setups (dBO, H8 FOL) until overextension or reversal signs appear (H8 BO 3L, First R). - Reversal Trade: Identify reversal setups when lower timeframes show rollovers after higher timeframe weakness. Example: Price below the previous day’s high after FOH → Look for reversal signals at the current high of day (H8 FOH, BO 3L, First R). 2. Context Assessment: Evaluate alignment of higher timeframes (e.g., Month/Week, Week/Day). More alignment → Stronger setups. Conflicting situations → Setups invalidated. 3. Entry Confirmation: Confirm entries based on H8 and H4 alignment and candle closes (e.g., M15 or M5 close after entering setup zone as confirmation). Example Chart for Reversal Trade: 1. Setup Identification: FOH continuation after BO 3L overextension, confirmed by H8 FOH, First R. 2. Context Assessment: Month in FOL with bearish First R; Week in BO but bearishly overextended with BO 3L. 3. Entry Confirmation: H4 BD, M5 close. Further recommendations: - Higher timeframe context: TPO or volume profile indicators can be used to gain an even better overview. - Entry confirmation: Momentum indicators like VWAP, Supertrend, or EMA are helpful for increasing precision. Additionally, tracking lower timeframe fakeouts can provide powerful confluence. - Late session trading: Entries later in the session, such as during the 3rd hour of the NY session, offer better analysis and follow-through on setups. Limitations: Data availability using TradingView has its limitations. The indicator leverages only the real-time data available for the specific timeframe being used. This means it cannot access data from timeframes lower than the one displayed on the chart. For example, if you are on a daily chart, it cannot use H8 data. Additionally, on very low timeframes, the historical availability of data might be limited, making higher timeframe signals unreliable. To address this, the indicator automatically hides the affected columns in these specific situations, preventing false signals. Disclaimer This indicator is for educational purposes only and does not guarantee profits. None of the information provided shall be considered financial advice. The indicator does not provide final buy or sell signals but highlights zones for potential setups. Users are fully responsible for their trading decisions and outcomes.
Pine Script® indicator
by TC888
1
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
Daily Pivots with Fakeout Protection█  OVERVIEW The "Daily Pivots with Fakeout Protection" indicator is a powerful tool designed to help traders identify potential price breakouts and pivot levels on daily charts. This indicator calculates and displays daily pivot points along with breakout lines that are adjusted to provide a certain level of protection against fakeouts, which are false price movements that can mislead traders. █  FEATURES  • Pivot Timeframe Selection: You can choose the timeframe for the pivot calculations. The default is set to daily (D), but you have the flexibility to select other timeframes as well.  • Fakeout Protection: A percentage-based parameter allows you to define the amount of protection you want against fakeouts. This helps filter out potentially unreliable breakouts.  • Bullish and Bearish Signals: The indicator distinguishes between bullish and bearish conditions by comparing the closing price to the daily high and low.  • Breakout Signals: Triangular symbols (upward and downward) appear below and above bars to signal potential breakout points. These are based on the closing price crossing the adjusted breakout lines.  • Visual Representation: Pivot points, daily high, and daily low are plotted on the chart, with distinctive line styles and colors for easy identification.  • Background Highlighting: The background color of the chart changes when a new period begins, helping you quickly recognize the start of a new trading day.  • Color-Coded Zones: The indicator colors the background around the closing price differently based on whether the market is bullish (green) or bearish (red). █  HOW TO USE 1 — Apply the "Daily Pivots with Fakeout Protection" indicator to your TradingView chart. 2 — Customize the parameters like pivot timeframe and fakeout protection percentage according to your trading preferences. 3 — Watch for the triangular breakout symbols that appear above and below bars, indicating potential breakout points. 4 — Keep an eye on the pivot points, daily high, and daily low lines to understand price levels relevant to the current trading day. 5 — Use the background color changes to quickly identify the beginning of a new trading day and any potential shifts in market sentiment. Note:  • This indicator is designed for daily charts but can be adjusted to work with other timeframes as well.  • Be cautious of relying solely on breakout signals; consider using additional technical and fundamental analysis for confirmation. Start integrating the "Daily Pivots with Fakeout Protection" indicator into your trading strategy to enhance your ability to identify breakouts and pivot levels more effectively.
Pine Script® indicator
by cyatophilum
8
[E5 Trading] Squeezes & BreakoutsE5 Trading Squeezes & Breakouts is a powerful indicator that works well on all timeframes with proper risk management. Squeezes occur when an asset's price volatility falls to statistically low levels. Breakouts from the squeeze are typically violent and potentially highly profitable if the trader can get in the trade early and catch the breakout in the right direction. E5 Trading Squeezes & Breakouts was built to help traders take advantage of these squeeze play opportunities. Squeezes Visualization This indicator lets traders know whenever price action is in a squeeze for any asset on any timeframe. Volatility bands display on the chart along with colored squeeze bands and channel fills. Toggle (Squeeze Bands) to display "the squeeze" when price action is in a low-volatility range. Default (On). The color setting of the squeeze bands controls the color of the channel fill and the squeeze table in the lower-right corner of the chart. Volatility Bands Gradient shading represents reversal zones based on Bollinger Bands (BB). The likelihood of price reversion towards the mean (i.e., basis) increases the further price action pushes into the darker shaded zones. The middle area inside the shaded bands (i.e., same color as chart background) is the Keltner channel. The Keltner channel is another volatility-based method used to identify breakouts and mean reversion trading opportunities. Keltner channel boundaries calculate using the exponential moving average (EMA) and average true range (ATR). Toggle (Volatility Basis) to display the basis line (i.e., mean) of the volatility bands. Default (Off). Squeeze Table The Squeeze Table appears in the lower right-hand corner of each chart when the indicator is turned on. The squeeze table displays the squeeze status on the current timeframe plus the commonly used higher timeframes for each asset. The squeeze table will indicate “Sqz On” next to the respective timeframe whenever a squeeze is occurring. The timeframes available in the squeeze table are 5m, 15m, 1H, 4H, D, and W. Squeeze Early Entry & Breakout Signals Squeeze Early Entry and Breakout Signals can only occur once price action has started a squeeze. Pay attention to assets that are currently in a squeeze and be ready to take action because explosive price moves are coming soon! Traders should use a stop-loss on every trade because squeeze fake-outs occur; however, the upside potential of squeeze breakouts that work out can be massive. Preserve capital with good risk management and ride the winners. Squeeze Early Entry Toggle (Squeeze Early Entry) to display long and short trade entry signals that offer a clue about the potential squeeze breakout direction. These early entry signals provide traders with an opportunity to start building a position while in a low-volatility squeeze in anticipation of a violent breakout. Note: Squeeze Early Entry signals may not result from every squeeze. Squeeze Breakout These signals flag when the price breaks out of a statistically low-volatility period. This is either the beginning of a potentially massive move or a nasty fake-out, which is why traders MUST use a stop-loss on every trade. Toggle (Squeeze Breakout) to display long and short squeeze breakout trade entry signals. Default (On). Note: Squeeze Breakout signals may not result from every squeeze.
Pine Script® indicator
by E5Trading
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
436
DepthHouse - ATR BandsDepthHouse ATR Bands works very similar to the well-known Bollinger Bands. However, these bands are calculated slightly different. Instead of using the standard deviation formula, ATR Bands determines the size of the bands based on the average range. How to use: The bands tighten while the markets’ range becomes lower, and widens as its' range becomes broader. Giving the indicator a loaded spring effect. A break outside of the bands in either direction usually indicates a breakout. All 3 bands serve as possible support and/or resistance. Meaning breaks back into the bands could indicate a reversal, or end of the breakout. This indicator is completely customizable, so compiling multiple sized bands on top of each other may create a strong competitive edge. This indicator is free until January,1st 2018 – see how to get below -- DepthHouse's ATR Bands is 1 of 3 indicators that will be available for purchase via subscription come Jan 2018. This indicator package will come with the following 3 indicators: :: MaxADX :: ::Premium oscillator to help spot forming trends and reversals. :: MaxADX Signals :: ::Taking MaxADX a step farther by creating an overlay that show possible trend strengthening and reversals via bar colors and shapes. :: ATRBands :: ::Like Bollinger Bands , this indicator is uses to help spot breakouts, and overbought/sold areas. -- How to get: To qualify for the trial period which ends January, 1st 2018, please go to the link on my profile and click subscribe! You will then be sent directions for your account to be added to the whitelist. If you have already subscribed to one of my previous indicators, you will be added to the list shortly Likes and comments are so very much appreciated!
Pine Script® indicator
by oh92
2
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
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
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
52
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
Gann Breakout LevelsThe Complete Guide to Gann Breakout Levels Indicator Introduction Welcome to the comprehensive guide for the Gann Breakout Levels indicator. This powerful technical analysis tool combines traditional Gann mathematics with modern breakout detection, providing traders with a sophisticated approach to identifying market opportunities. Whether you're trading stocks, forex, cryptocurrencies, or commodities, this indicator offers valuable insights into price action and market structure. Understanding the Core Functionality The Gann Breakout Level indicator operates on two fundamental principles: Gann's mathematical framework and dynamic breakout detection. Here's a detailed breakdown of how it works: Price Threshold System The indicator utilizes 46 carefully calibrated threshold levels, ranging from 0.110 to 2.04. These thresholds serve as reference points for potential price movements and market structure analysis. Each level is designed to capture significant price action while filtering out market noise. Signal Generation - Upward Breakouts: When price action exceeds a threshold level, the indicator generates a green upward triangle above the candle. - Downward Breaks: Following a breakout, if price retraces below the specified percentage (default 2.78%), a red downward triangle appears below the candle. Configuration and Setup Essential Settings 1. Show Gann Square Lines - Purpose: Displays key price levels based on Gann mathematics - Recommended: Enabled for most trading styles 2. Enable Line Extension - Purpose: Projects price levels into the future - Application: Useful for identifying potential support/resistance zones 3. Breakout Percentage Level - Default: 2.78% - Adjustable Range: 0.1% to custom value - Impact: Determines sensitivity of breakdown signals Trading Applications Market Analysis Framework The indicator provides three critical reference levels: 1. Upper Bound (Red Line) - Primary resistance level - Breakout confirmation zone - Potential profit-taking area 2. Lower Bound (Red Line) - Key support level - Stop-loss reference point - Breakdown confirmation zone 3. Mid Point (Blue Line) - Equilibrium price level - Partial profit-taking reference - Trend direction confirmation Trading Strategies #### Swing Trading Approach 1. Entry Criteria - Wait for green triangle signal - Confirm with volume increase - Verify overall trend alignment - Check for supporting price action 2. Risk Management - Place stops below nearest Gann level - Use scaling techniques for position building - Implement trailing stops based on Gann levels #### Position Trading Method 1. Signal Identification - Look for red triangle after established uptrend - Confirm with price action patterns - Verify volume characteristics 2. Position Management - Set precise entry points at Gann levels - Define clear stop-loss parameters - Establish multiple profit targets Timeframe Optimization ### Swing Trading - Timeframes: 4-hour to daily charts - Breakout Percentage: 2.78% to 3.5% - Focus: Trend following and major support/resistance breaks ### Position Trading - Timeframes: Daily and weekly charts - Breakout Percentage: 3.5% to 4% - Focus: Long-term trend identification and major market shifts ### Market Condition Adaptation The indicator's threshold matrix automatically adjusts to: - Trending markets - Ranging conditions - High volatility periods - Low volatility environments Best Practices ### Risk Management Guidelines 1. Position Sizing - Limit risk to 1-2% per trade - Scale positions based on conviction - Adjust size based on volatility 2. Stop Loss Implementation - Always use protective stops - Base stops on Gann levels - Consider volatility when setting stops ### Signal Validation 1. Primary Confirmation Factors - Volume analysis - Price action patterns - Market structure - Trend alignment 2. Secondary Confirmation Elements - Multiple timeframe analysis - Support/resistance levels - Market sentiment - Technical indicators ## Market Selection - Most effective in liquid markets - Optimal for major currency pairs - Reliable for large-cap stocks - Applicable to major cryptocurrency pairs Recommended Trading Approach ### Swing Trading Setup 1. Use 4-hour and daily charts for primary analysis 2. Focus on major market moves 3. Hold positions for several days to weeks 4. Use wider stops to accommodate market volatility ### Position Trading Setup 1. Utilize daily and weekly charts 2. Focus on major trend changes 3. Hold positions for weeks to months 4. Base exits on trend reversal signals ## Performance Optimization 1. Regular Review - Monitor win rate - Track average profit per trade - Analyze maximum drawdown - Review position sizing effectiveness 2. Strategy Refinement - Adjust parameters based on market conditions - Fine-tune entry and exit rules - Optimize position management - Update risk parameters as needed Conclusion The Gann Breakout Levels indicator represents a sophisticated approach to market analysis, combining historical wisdom with modern technical analysis. It's particularly effective for swing and position trading, where its mathematical principles can best capture significant market moves. Success with this tool requires understanding its principles, proper configuration, and integration with a comprehensive trading strategy. Remember that while this indicator provides valuable insights, it should be part of a broader trading strategy that includes proper risk management, market analysis, and disciplined execution. Consistent success comes from proper application of the tool's signals within a well-defined trading plan. This indicator serves as a powerful addition to any trader's toolkit, providing objective entry and exit signals based on time-tested principles. With proper understanding and application, it can significantly enhance your trading decision-making process for longer-term trading approaches.
Pine Script® indicator
by AmirZainol
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
JL Swing Signal - {UT}Hello all, This signal is created based on Jesse Livermore's formula, I have tried to enhance it by including other elements to make the experience better and rewarding. 1. Swing Highs and Swing Lows: >Identifies a swing high when the current high is higher than the highs of the specified number of bars to its left and right. >Identifies a swing low when the current low is lower than the lows of the specified number of bars to its left and right. >Also marks the confirmed swing highs (SH) and swing lows (SL) on the chart for visual reference. 2. Breakout Confirmation: > Finds out when the closing price crosses above the last confirmed swing high. > Ensures that the breakout is sustained for the defined number of confirmation bars to filter out false breakouts. >BuySignal: A buy signal is generated only when both the breakout and hold conditions are met. 3. Trend Filter: >EMA Calculation: A 50-period EMA is used to filter trades in the direction of the existing trend. Trades are only taken in the direction of the trend. >Ensures buy signals are only triggered if the price is above the EMA, indicating an uptrend. 4. Volume Confirmation: Volume Moving Average: A 20-period Simple Moving Average (SMA) of volume is calculated to compare current volume levels. 5. Profit Target: ATR-Based Profit Target: A dynamic profit target is set based on a multiple of the ATR. This helps capture profits when the market moves in the trade's favor. 6. Exit Strategy: Stop Loss and Profit Target: The script exits the trade if the price hits the stop loss or the profit target. Interpretaion: Buy Signals: Displayed with a green "BUY" label. Stop Loss and Profit Target: Plotted as orange and green lines, respectively. Exit Signals: Displayed with a red "EXIT" label when the exit conditions are met.
Pine Script® indicator
by Ujjwalana
1