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Lowest Low Breakout Signal w/ Target ### **Script Description** This TradingView Pine Script indicator identifies breakout entry opportunities after a new **lowest low** is formed within a user-defined lookback period. It is designed for traders who want to catch reversals or breakouts from extreme lows with clearly defined targets. **Key Features:** * **Lowest Low Detection**: The script monitors price action for a candle that forms a new lowest low within the specified lookback period. * **Breakout Entry Signal**: Once a breakout occurs (price closes above the high of the lowest-low candle), an **up arrow** is plotted below the entry bar. * **Target Calculation**: Calculates **Target 1** as 50% retracement of the distance between the latest swing high and the lowest low. * **Dynamic Table Display**: Shows real-time **Entry Price** and **Target 1** values in a table fixed on the chart (top-right corner), updating with each signal. * **Alerts**: Sends alerts when a breakout entry signal occurs, making it easy to automate notifications. * **Clean Visualization**: Removes clutter by eliminating extra labels and lines, using only a simple arrow and table for clarity. **Use Case:** Ideal for breakout traders, swing traders, and those who follow retracement-based profit targets. The indicator helps identify early entries after significant lows and provides a clear first target level.
Pine Script® indicator
by thunderbolt_17
Opening Range BreakoutThis indicator is designed for Opening Range Breakout (ORB) traders who want automatic calculation of breakout levels and multiple price targets. It is optimised for NSE intraday trading, capturing the first 15-minute range from 09:15 to 09:30 and plotting key breakout targets for both long and short trades. ✨ Features: Automatic daily reset — fresh levels are calculated every trading day. Opening Range High & Low plotted immediately after 09:30. Two profit targets for both Buy & Sell breakouts based on the opening range size: T1 = 100% of range added/subtracted from OR high/low. T2 = 200% of range added/subtracted from OR high/low. Clear breakout signals (BUY / SELL labels) when price crosses the OR High or Low. Custom alerts for both buy and sell triggers. Designed to work on any intraday timeframe (1min, 3min, 5min, etc.). 📊 How it works: From 09:15 to 09:30, the script records the highest and lowest prices. At 09:30, the range is locked in and breakout targets are calculated automatically. Buy and Sell signals are generated when price breaks above the OR High or below the OR Low. Targets and range lines automatically reset for the next day. ⚠️ Notes: This script is tuned for NSE market timings but can be adapted for other markets by changing the session input. Works best on intraday charts for active traders. This is not financial advice — always backtest before trading live.
Pine Script® indicator
by Taran13
ombs- PONY Breakout Alert 🧠 תקציר הסקריפט: **PONY Breakout Alert 📈 🔍 **מטרה**: לזהות **פריצה מעלה של רמת 14.15** תוך כדי **מחזור מסחר גבוה מהממוצע**, כדי לאתר **הזדמנות מסחר שורית**. --- ⚙️ רכיבי הסקריפט: * 📌 **רמת כניסה**: `entryLevel = 14.15` * 📊 **תנאי כניסה**: * סגירת מחיר **מעל 14.15** * נפח מסחר **גבוה ב־20% מהממוצע ל־20 הימים האחרונים** * 🔔 **התראה ויזואלית**: * סמל ירוק "Entry" מופיע מתחת לנר על הגרף * קווים קבועים לרמות יעד וסטופלוס * 🎯 **יעדי רווח**: * Target 1 – 15.15 * Target 2 – 16.00 * Target 3 – 17.00 * 🛑 **סטופלוס**: * שמרני: 13.20 * אגרסיבי: 12.80 * 🔔 **התראה אוטומטית** (`alertcondition`): תשלח הודעה: *"PONY פרצה מעל 14.15 עם מחזור גבוה – שקול כניסה לעסקה."* --- 📝 מתאים עבור: * סוחרי ניתוח טכני 🧮 * מי שמחפש כניסה מבוססת על פריצה + נפח 📊 * שימוש על גרף יומי בלבד 📅 --- 🧠 Script Summary: PONY Breakout Alert 📈 🔍 Objective: Detect a breakout above the 14.15 level accompanied by high trading volume, in order to identify a bullish trading opportunity. ⚙️ Script Components: 📌 Entry Level: entryLevel = 14.15 📊 Entry Conditions: Price closes above 14.15 Volume is 20% higher than the 20-day average 🔔 Visual Alert: A green "Entry" label appears below the bar on the chart Static horizontal lines mark targets and stop-loss levels 🎯 Profit Targets: Target 1 – 15.15 Target 2 – 16.00 Target 3 – 17.00 🛑 Stop Loss: Conservative: 13.20 Aggressive: 12.80 🔔 Automated Alert (alertcondition): Sends a message: "PONY has broken above 14.15 with high volume – consider a long position." 📝 Ideal For: Technical traders 🧮 Those seeking breakouts confirmed by volume 📊 Daily chart setups only 📅
Pine Script® indicator
by omribensamon
Volume MA Breakout T3 [Teyo69]🧭 Overview Volume MA Breakout T3 highlights volume bars that exceed a dynamic moving average threshold. It helps traders visually identify volume breakouts—periods of significant buying or selling pressure—based on user-selected MA methods (SMA, EMA, DEMA). 🔍 Features Volume Highlighting: Green bars indicate volume breakout above the MA; red bars otherwise. Custom MA Options: Choose between SMA, EMA, or Double EMA for volume smoothing. Dynamic Threshold: The moving average line adjusts based on user-defined length and method. ⚙️ Configuration Length: Number of bars used for the moving average calculation (default: 14). Method: Type of moving average to use: "SMA" - Simple Moving Average "EMA" - Exponential Moving Average "Double EMA" - Double Exponential Moving Average 📈 How to Use Apply to any chart to visualize volume behavior relative to its MA. Look for green bars: These suggest volume is breaking out above its recent average—potential signal of momentum. Red bars indicate normal/subdued volume. ⚠️ Limitations Does not provide directional bias—use with price action or trend confirmation tools. Works best with additional context (e.g., support/resistance, candle formations). 🧠 Advanced Tips Use shorter MAs (e.g., 5–10) in volatile markets for more responsive signals. Combine with OBV, MFI, or accumulation indicators for confluence. 📌 Notes This is a volume-based filter, not a signal generator. Useful for breakout traders and volume profile enthusiasts. 📜 Disclaimer This script is for educational purposes only. Always test in a simulated environment before live trading. Not financial advice.
Pine Script® indicator
by Teyo69
1
Opening Range Breakout (15 mins Range)Take the guesswork out of your trading with the Opening Range Breakout Pro script. This tool automatically marks the high and low of the first 15 minutes of the NYSE session, then highlights the first candle to break out above or below this range—removing ambiguity from your trade entries. The opening range is one of the most powerful concepts in day trading. By identifying the price range set during the market’s first minutes, you gain a clear framework for your trades. When price breaks out above the range, it often signals a strong bullish move; a break below signals bearish momentum. This script visually marks these moments, so you can react quickly and confidently. Why use Opening Range Breakout Pro? • Defined Entry and Exit Points: The script gives you clear, objective breakout levels—no more guessing when to enter a trade. • Removes Emotional Trading: With visual cues for breakouts, you can follow a systematic approach and avoid hesitation or FOMO. • Backtested, Time-Tested Strategy: The opening range breakout has been used by professional traders for decades to capture early trends and maximize profit potential. • High Reward Potential: By capitalizing on the volatility and momentum of the opening session, traders often catch the best moves of the day. • Easy to Use: Just add to your chart—no configuration needed. The script works on any NYSE stock, on a 5-minute chart. How it works: • Draws the opening 15-minute high and low as orange lines. • Labels the range prices for quick reference. • Marks the first candle to close above the range with an orange ▲, and the first to close below with an orange ▼. Take control of your trading day, remove uncertainty, and trade with confidence—just like the pros.
Pine Script® indicator
by AhmedSalahuddin
OBV ATR Strategy (OBV Breakout Channel) bas20230503ผมแก้ไขจาก OBV+SMA อันเดิม ของเดิม ดูที่เส้น SMA สองเส้นตัดกันมั่นห่วยแตกสำหรับที่ผมลองเทรดจริง และหลักการเบรค ได้แรงบันดาลใจ ATR จาก เทพคอย ที่ใช้กับราคา แต่นี้ใช้กับ OBV แทน และผมใช้เจมินี้ เพื่อแก้ ให้ เป็น strategy เพื่อเช็คย้อนหลังได้ง่ายกว่าเดิม หลักการง่ายคือถ้ามันขึ้น มันจะขึ้นเรื่อยๆ เขียน แบบสุภาพ (น่าจะอ่านได้ง่ายกว่าผมเขียน) สคริปต์นี้ได้รับการพัฒนาต่อยอดจากแนวคิด OBV+SMA Crossover แบบดั้งเดิม ซึ่งจากการทดสอบส่วนตัวพบว่าประสิทธิภาพยังไม่น่าพอใจ กลยุทธ์ใหม่นี้จึงเปลี่ยนมาใช้หลักการ "Breakout" ซึ่งได้รับแรงบันดาลใจมาจากการใช้ ATR สร้างกรอบของราคา แต่เราได้นำมาประยุกต์ใช้กับ On-Balance Volume (OBV) แทน นอกจากนี้ สคริปต์ได้ถูกแปลงเป็น Strategy เต็มรูปแบบ (โดยความช่วยเหลือจาก Gemini AI) เพื่อให้สามารถทดสอบย้อนหลัง (Backtest) และประเมินประสิทธิภาพได้อย่างแม่นยำ หลักการของกลยุทธ์: กลยุทธ์นี้ทำงานบนแนวคิดโมเมนตัมที่ว่า "เมื่อแนวโน้มได้เกิดขึ้นแล้ว มีโอกาสที่มันจะดำเนินต่อไป" โดยจะมองหาการทะลุของพลังซื้อ-ขาย (OBV) ที่แข็งแกร่งเป็นพิเศษเป็นสัญญาณเข้าเทร ---- สคริปต์นี้เป็นกลยุทธ์ (Strategy) ที่ใช้ On-Balance Volume (OBV) ซึ่งเป็นอินดิเคเตอร์ที่วัดแรงซื้อและแรงขายสะสม แทนที่จะใช้การตัดกันของเส้นค่าเฉลี่ย (SMA Crossover) ที่เป็นแบบพื้นฐาน กลยุทธ์นี้จะมองหาการ "ทะลุ" (Breakout) ของพลัง OBV ออกจากกรอบสูงสุด-ต่ำสุดของตัวเองในรอบที่ผ่านมา สัญญาณกระทิง (Bull Signal): เกิดขึ้นเมื่อพลังการซื้อ (OBV) แข็งแกร่งจนสามารถทะลุจุดสูงสุดของตัวเองในอดีตได้ บ่งบอกถึงโอกาสที่แนวโน้มจะเปลี่ยนเป็นขาขึ้น สัญญาณหมี (Bear Signal): เกิดขึ้นเมื่อพลังการขาย (OBV) รุนแรงจนสามารถกดดันให้ OBV ทะลุจุดต่ำสุดของตัวเองในอดีตได้ บ่งบอกถึงโอกาสที่แนวโน้มจะเปลี่ยนเป็นขาลง ส่วนประกอบบนกราฟ (Indicator Components) เส้น OBV เส้นหลัก ที่เปลี่ยนเขียวเป็นแดง เป็นทั้งแนวรับและแนวต้าน และ จุด stop loss เส้นนี้คือหัวใจของอินดิเคเตอร์ ที่แสดงถึงพลังสะสมของ Volume เมื่อเส้นเป็นสีเขียว (แนวรับ): จะปรากฏขึ้นเมื่อกลยุทธ์เข้าสู่ "โหมดกระทิง" เส้นนี้คือระดับต่ำสุดของ OBV ในอดีต และทำหน้าที่เป็นแนวรับไดนามิก เมื่อเส้นกลายเป็นสีแดงสีแดง (แนวต้าน): จะปรากฏขึ้นเมื่อกลยุทธ์เข้าสู่ "โหมดหมี" เส้นนี้คือระดับสูงสุดของ OBV ในอดีต และทำหน้าที่เป็นแนวต้านไดนามิก สัญลักษณ์สัญญาณ (Signal Markers): Bull 🔼 (สามเหลี่ยมขึ้นสีเขียว): คือสัญญาณ "เข้าซื้อ" (Long) จะปรากฏขึ้น ณ จุดที่ OBV ทะลุขึ้นไปเหนือกรอบด้านบนเป็นครั้งแรก Bear 🔽 (สามเหลี่ยมลงสีแดง): คือสัญญาณ "เข้าขาย" (Short) จะปรากฏขึ้น ณ จุดที่ OBV ทะลุลงไปต่ำกว่ากรอบด้านล่างเป็นครั้งแรก วิธีการใช้งาน (How to Use) เพิ่มสคริปต์นี้ลงบนกราฟราคาที่คุณสนใจ ไปที่แท็บ "Strategy Tester" ด้านล่างของ TradingView เพื่อดูผลการทดสอบย้อนหลัง (Backtest) ของกลยุทธ์บนสินทรัพย์และไทม์เฟรมต่างๆ ใช้สัญลักษณ์ "Bull" และ "Bear" เป็นตัวช่วยในการตัดสินใจเข้าเทรด ข้อควรจำ: ไม่มีกลยุทธ์ใดที่สมบูรณ์แบบ 100% ควรใช้สคริปต์นี้ร่วมกับการวิเคราะห์ปัจจัยอื่นๆ เช่น โครงสร้างราคา, แนวรับ-แนวต้านของราคา และการบริหารความเสี่ยง (Risk Management) ของตัวคุณเองเสมอ การตั้งค่า (Inputs) SMA Length 1 / SMA Length 2: ใช้สำหรับพล็อตเส้นค่าเฉลี่ยของ OBV เพื่อดูเป็นภาพอ้างอิง ไม่มีผลต่อตรรกะการเข้า-ออกของ Strategy อันใหม่ แต่มันเป็นของเก่า ถ้าชอบ ก็ใช้ได้ เมื่อ SMA สองเส้นตัดกัน หรือตัดกับเส้น OBV High/Low Lookback Length: (ค่าพื้นฐาน30/แก้ตรงนี้ให้เหมาะสมกับ coin หรือหุ้น ตามความผันผวน ) คือระยะเวลาที่ใช้ในการคำนวณกรอบสูงสุด-ต่ำสุดของ OBV ค่าน้อย: ทำให้กรอบแคบลง สัญญาณจะเกิดไวและบ่อยขึ้น แต่อาจมีสัญญาณหลอก (False Signal) เยอะขึ้น ค่ามาก: ทำให้กรอบกว้างขึ้น สัญญาณจะเกิดช้าลงและน้อยลง แต่มีแนวโน้มที่จะเป็นสัญญาณที่แข็งแกร่งกว่า แน่นอนครับ นี่คือคำแปลฉบับภาษาอังกฤษที่สรุปใจความสำคัญ กระชับ และสุภาพ เหมาะสำหรับนำไปใช้ในคำอธิบายสคริปต์ (Description) ของ TradingView ครับ ---Translate to English--- OBV Breakout Channel Strategy This script is an evolution of a traditional OBV+SMA Crossover concept. Through personal testing, the original crossover method was found to have unsatisfactory performance. This new strategy, therefore, uses a "Breakout" principle. The inspiration comes from using ATR to create price channels, but this concept has been adapted and applied to On-Balance Volume (OBV) instead. Furthermore, the script has been converted into a full Strategy (with assistance from Gemini AI) to enable precise backtesting and performance evaluation. The strategy's core principle is momentum-based: "once a trend is established, it is likely to continue." It seeks to enter trades on exceptionally strong breakouts of buying or selling pressure as measured by OBV. Core Concept This is a Strategy that uses On-Balance Volume (OBV), an indicator that measures cumulative buying and selling pressure. Instead of relying on a basic Simple Moving Average (SMA) Crossover, this strategy identifies a "Breakout" of the OBV from its own highest-high and lowest-low channel over a recent period. Bull Signal: Occurs when the buying pressure (OBV) is strong enough to break above its own recent highest high, indicating a potential shift to an upward trend. Bear Signal: Occurs when the selling pressure (OBV) is intense enough to push the OBV below its own recent lowest low, indicating a potential shift to a downward trend. On-Screen Components 1. OBV Line This is the main indicator line, representing the cumulative volume. Its color changes to green when OBV is rising and red when it is falling. 2. Dynamic Support & Resistance Line This is the thick Green or Red line that appears based on the strategy's current "mode." This line serves as a dynamic support/resistance level and can be used as a reference for stop-loss placement. Green Line (Support): Appears when the strategy enters "Bull Mode." This line represents the lowest low of the OBV in the recent past and acts as dynamic support. Red Line (Resistance): Appears when the strategy enters "Bear Mode." This line represents the highest high of the OBV in the recent past and acts as dynamic resistance. 3. Signal Markers Bull 🔼 (Green Up Triangle): This is the "Long Entry" signal. It appears at the moment the OBV first breaks out above its high-low channel. Bear 🔽 (Red Down Triangle): This is the "Short Entry" signal. It appears at the moment the OBV first breaks down below its high-low channel. How to Use Add this script to the price chart of your choice. Navigate to the "Strategy Tester" panel at the bottom of TradingView to view the backtesting results for the strategy on different assets and timeframes. Use the "Bull" and "Bear" signals as aids in your trading decisions. Disclaimer: No strategy is 100% perfect. This script should always be used in conjunction with other forms of analysis, such as price structure, key price-based support/resistance levels, and your own personal risk management rules. Inputs SMA Length 1 / SMA Length 2: These are used to plot moving averages on the OBV for visual reference. They are part of the legacy logic and do not affect the new breakout strategy. However, they are kept for traders who may wish to observe their crossovers for additional confirmation. High/Low Lookback Length: (Most Important Setting) This determines the period used to calculate the highest-high and lowest-low OBV channel. (Default is 30; adjust this to suit the asset's volatility). A smaller value: Creates a narrower channel, leading to more frequent and faster signals, but potentially more false signals. A larger value: Creates a wider channel, leading to fewer and slower signals, which are likely to be more significant.
Pine Script® strategy
by bas20230503
ORB Breakout Indicator - NQ1!The purpose of this indicator is to assist traders in rapidly identifying high-probability Opening Range Breakout (ORB) setups on the NQ1! 1-minute time frame (Nasdaq Futures) Key Features: Opening Range: Automatically plots the high and low of the 1st 15min of the (NYSE session) (09:30–09:45 EST) Breakout Signals : Illustrates the first candle that breaks upward or downward and: Green arrow for a bullish breakout Red arrow for a bearish breakout Clean Visuals: Dynamic lines show the high and low of the ORB window for easy reference. (DON'T USE THIS ONLY FOR ENTRY SIGNALS, PAIR THIS WITH OTHER INFLUENCES TO GET HIGH PROBABILITY BREAKOUTS)
Pine Script® indicator
by sandunmathers
2
NY Opening Range Breakout - MA StopCore Concept This strategy trades breakouts from the New York opening range (9:30-9:45 AM NY time) on intraday timeframes, designed for scalping and day trading. Setup Requirements Timeframe: Works on any timeframe under 15 minutes (1m, 2m, 3m, 5m, 10m) Session: New York market hours Range Period: 9:30-9:45 AM NY time (15-minute opening range) Entry Rules Long Entries: Wait for a candle to close above the opening range high Enter long on the next candle (before 12:00 PM NY time) Must be above moving average if using MA-based take profit Short Entries: Wait for a candle to close below the opening range low Enter short on the next candle (before 12:00 PM NY time) Must be below moving average if using MA-based take profit Risk Management Stop Loss: Long trades: Opening range low Short trades: Opening range high Take Profit Options: Fixed Risk Reward: 1.5x the range size (customizable ratio) Moving Average: Exit when price crosses back through MA Both: Whichever comes first Key Features Trade Direction Options: Long Only Short Only Both directions Moving Average Filter: Prevents entries that would immediately hit stop loss Uses EMA/SMA/WMA/VWMA with customizable length Acts as dynamic support/resistance Time Restrictions: No entries after 12:00 PM NY time (customizable cutoff) One trade per direction per day Daily reset of all variables Visual Elements Red/green lines showing opening range Purple line for moving average Entry and breakout signals with shapes Take profit and stop loss levels plotted Information table with current status Strategy Logic Flow Morning: Capture 9:30-9:45 range high/low Wait: Monitor for breakout (previous candle close outside range) Filter: Check MA condition if using MA-based exits Enter: Trade on next candle after breakout Manage: Exit at fixed TP, MA cross, or stop loss Reset: Start fresh next trading day This is a momentum-based breakout strategy that capitalizes on early market volatility while using the opening range as natural support/resistance levels.
Pine Script® strategy
by shui2967
7
SMA Zone with Breakouts/Tests 1.0.This indicator plots a dynamic “SMA Zone” between two simple moving averages (one applied to lows, one to highs) and highlights key interaction points with the zone: Breakouts Bull Break: price closes above the upper SMA Bear Break: price closes below the lower SMA Requires confirmation via either above-average volume or an unusually wide bar (spread > ATR) closing near its extreme Tests & Retests After a breakout, the first re-entry into the zone edge is labeled “Test,” subsequent re-entries are numbered “Retest,” “2nd Retest,” etc. Zone Weakening: each additional Test/Retest signifies diminished zone strength—fewer reliable boundaries remain (Traditional S/R theory) Alerts Fires a unified “Zone Signal” alert on every Break, Test, and Retest (set condition to “Any alert() function call”). Disclaimer: This is not financial advice and should not be used as a standalone trading signal. It’s designed to draw your attention to important price-zone interactions so you can manually tune in. The logic can be further enhanced or combined with other indicators/algorithms as part of a more complex trading system.
Pine Script® indicator
by Alex_Algo
1
1M Scalp Setup – 2ndHi/2ndLo Breakout1M Scalp Setup – 2ndHi/2ndLo Breakout This script is designed for 1-minute chart scalpers seeking high-probability intraday breakout setups based on early session price action. The strategy revolves around identifying the first high and low of the day, and then detecting the second breach (2nd high or 2nd low) to anticipate breakout entries. 🔍 Core Logic: EMA Filter : A configurable EMA (default 8-period) is plotted for trend context. 1st High/Low Detection : Captures the very first high and low of each trading day. 2nd High/Low Markers : Identifies the second time price breaks the initial high or low, acting as a potential signal zone. Breakout Signals : A Buy Signal is triggered when price closes above the 2nd high. A Sell Signal is triggered when price closes below the 2nd low. Each signal is only triggered once per day to reduce noise and avoid overtrading. 🖌️ Visual Markers: 1stHi and 1stLo : Early session levels (red and green). 2ndHi and 2ndLo : Key breakout reference points (purple and blue). B and S Labels : Buy and Sell triggers marked in real-time once breakouts occur. ⚙️ Inputs: EMA Length (default: 8) Customizable Colors for Buy/Sell signals and key markers This tool is best used in fast-moving markets or during high-volume sessions. Combine with volume or higher-timeframe confirmation for improved accuracy.
Pine Script® indicator
by Boron555
1
VWAP Breakout Strategy + EMAs + Clean Cycle/TP/SL PlotsHere’s a quick user-guide to get you up and running with your “VWAP Breakout Strategy + EMAs + Clean Cycle/TP/SL Plots” script in TradingView: ⸻ 1. Installing the Script 1. Open TradingView, go to Pine Editor (bottom panel). 2. Paste in your full Pine-v6 code and hit Add to chart. 3. Save it (“Save as…”): give it a memorable name (e.g. “VWAP Breakout+EMAs”). ⸻ 2. Configuring Your Inputs Once it’s on the chart, click the ⚙️ Settings icon to tune: Setting Default What it does ATR Length 14 Period for average true range (volatility measure) ATR Multiplier for Stop 1.5 How many ATRs away your stop-loss sits TP1 / TP2 Multipliers (ATR) 1.0 / 2.0 Distance of TP1 and TP2 in ATR multiples Show VWAP / EMAs On Toggles the blue VWAP line & EMAs (100/34/5) Full Cycle Range Points 200 Height of the shaded “cycle zone” Pivot Lookback 5 How many bars back to detect a pivot low Round Number Step 500 Spacing of your dotted horizontal lines Show TP/SL Labels On Toggles all the “ENTRY”, “TP1”, “TP2”, “STOP” tags Feel free to adjust ATR multipliers and cycle-zone size based on the instrument’s typical range. ⸻ 3. Reading the Signals • Long Entry: • Trigger: price crosses above VWAP • You’ll see a green “Buy” tag at the low of the signal bar, plus an “ENTRY (Long)” label at the close. • Stop is plotted as a red dashed line below (ATR × 1.5), and TP1/TP2 as teal and purple lines above. • Short Entry: • Trigger: price crosses below VWAP • A red “Sell” tag appears at the high, with “ENTRY (Short)” at the close. • Stop is the green line above; TP1/TP2 are dashed teal/purple lines below. ⸻ 4. Full Cycle Zone Whenever a new pivot low is detected (using your Pivot Lookback), the script deletes the old box and draws a shaded yellow rectangle from that low up by “Full Cycle Range Points.” • Use this to visualize the “maximum expected swing” from your pivot. • You can quickly see whether price is still traveling within a normal cycle or has overstretched. ⸻ 5. Round-Number Levels With Show Round Number Levels enabled, you’ll always get horizontal dotted lines at the nearest multiples of your “Round Number Step” (e.g. every 500 points). • These often act as psychological support/resistance. • Handy to see confluence with VWAP or cycle-zone edges. ⸻ 6. Tips & Best-Practices • Timeframes: Apply on any intraday chart (5 min, 15 min, H1…), but match your ATR length & cycle-points to the timeframe’s typical range. • Backtest first: Use the Strategy Tester tab to review performance, tweak ATR multipliers or cycle size, then optimize. • Combine with context: Don’t trade VWAP breakouts blindly—look for confluence (e.g. support/resistance zones, higher-timeframe trend). • Label clutter: If too many labels build up, you can toggle Show TP/SL Labels off and rely just on the lines. ⸻ That’s it! Once you’ve added it to your chart and dialed in the inputs, your entries, exits, cycle ranges, and key levels will all be plotted automatically. Feel free to experiment with the ATR multipliers and cycle-zone size until it fits your instrument’s personality. Happy trading!
Pine Script® strategy
by CatalystNQ
Opening Range Breakout Cloud Indicator by TenAMTraderOpening Range Breakout Cloud Indicator – by TenAMTrader This indicator visually maps out the Opening Range of the trading day — the price high and low between a configurable start and end time (default: 9:30 AM–10:00 AM EST). It helps traders identify breakout levels, key intraday zones, and price behavior relative to the early range. 🔹 What It Shows: Opening High, Low, and Midpoint lines for each day. Clouds between the midpoint and high/low for visual clarity. Optional Second Range (e.g., 9:30–9:45 AM) for more aggressive early signals. Historical Ranges are preserved, allowing you to view previous days' levels on the chart. Custom Alerts when price crosses the Opening High, Low, or Midpoint. Full customization: colors, range times, and display toggles. 🔔 Use It For: Spotting breakouts or rejections at key levels. Finding early support/resistance zones. Planning trades using intraday structure. ⚠️ Use this tool as part of a broader trading strategy. No indicator guarantees results — always trade at your own discretion.
Pine Script® indicator
by TenAM_Trader
BTC Breakout Alert📈 BTC Breakout & Fakeout Detector with Volume, RSI & MACD Filters This script helps identify high-confidence breakout setups by combining price action, volume spikes, and optional momentum filters (RSI & MACD). It’s designed to alert you when Bitcoin (or any asset) breaks above a defined resistance level with strong conviction — and warns you if that move turns out to be a fakeout. 🔍 Features: ✅ Confirmed Breakout Alerts: Triggers when price closes above your set resistance level with volume ≥ 1.5× the 20-period average. ⚠️ Fakeout Detection: Highlights when price closes back below resistance within a few candles after breakout. 📊 Momentum Filters: RSI > 50 for bullish confirmation MACD line > signal line to support breakout momentum 🔔 Custom Alerts: Built-in alert conditions for both breakout and fakeout events. 🔼🔽 Visual Markers: Arrows plotted directly on the chart for clear entry and caution zones. 🕒 Works on all timeframes and any asset that includes volume data. Ideal for breakout traders who want more than just a price spike — this tool ensures volume and momentum alignment, helping you reduce false signals and react with more confidence.
Pine Script® indicator
by Clurker
OpeningRange (Trading_Tix)Purpose: The indicator highlights the high, low, and middle (50%) price levels of a specified session's opening range. These levels can serve as key support and resistance zones for trading strategies. The indicator also offers options to extend these levels beyond the session into later timeframes, making it useful for tracking breakout or trend continuation setups. Key Features: 1. Session Detection: The indicator identifies a specific session period using the user-defined Session Time. It calculates the start time, high, and low prices during this period: rangeTime: Defines the session time range (default: 5:00 PM to 2:59 AM). extendTime: Defines the extended time range where lines/backgrounds can be prolonged. 2. Opening Range Calculation: High (high_val) and Low (low_val)**: Tracks the highest and lowest prices during the session. Middle Line: A midpoint is calculated by averaging high_val and low_val. 3. Visual Elements: Horizontal Lines: Drawn at the high, low, and middle levels. Customizable in width and color. Shaded Background Box: Covers the range between high and low prices. The box’s color and transparency can be adjusted. Line and Box Extension: Optionally extends these elements into the extended time range. 4. Customization: Users have the flexibility to: Toggle visibility of lines, middle line, and background box. Adjust colors, line thickness, and style. Enable or disable the extension of lines and backgrounds into the extended period. How It Works: Initialization: The script initializes variables to store range data (startTime, high_val, low_val) and drawing objects (lines, boxes). It detects whether the current bar falls within the session (inSession) or extended timeframe (inExtend). Plotting: During the session: Deletes previous lines and boxes from prior sessions. Draws new lines at the high, low, and middle levels. Creates a background box covering the range, if enabled. During the extended period: Extends the session lines and box, if the user has opted for extensions. Updates: Continuously adjusts the high/low values and updates the lines as new price data arrives. Use Cases: This indicator can be valuable for traders who: Use the opening range to identify potential breakout zones. Trade based on price consolidation within the range. Want a visual representation of key price levels to plan entries and exits. Would you like help refining this script further or adjusting its settings to match your trading style?
Pine Script® indicator
by D_Sedici
BB Breakout + Momentum Squeeze [Strategy]This Strategy is Based on 3 free indicators - Bollinger Bands Breakout Oscillator: Link - TTM Squeeze Pro: Link - Rolling ATR Bands: Link Bollinger Bands Breakout Oscillator - This tool shows how strong a market trend is by measuring how often prices move outside their normal Bollinger bands range. It helps you see whether prices are strongly moving in one direction or just moving sideways. By looking at how much and how frequently prices push beyond their typical boundaries, you can identify which direction the market is heading over your selected time period. TM Squeeze Pro - This is a custom version of the TTM Squeeze indicator. It's designed to help traders spot consolidation phases in the market (when price is coiling or "squeezing") and to catch breakouts early when volatility returns. The logic is based on the relationship between Bollinger Bands and Keltner Channels, combined with a momentum oscillator to show direction and strength. Rolling ATR Bands - This indicator combines volatility bands (ATR) with momentum and trend signals to show where the market might be breaking out, retesting, or trending. It's highly visual and helpful for traders looking to time entries/exits during trending or volatile moves. Logic Of the Strategy: We are going to use the Bollinger Bands Breakout to determine the direction of the market. Than check the Volatility of the price by looking at the TTM Squeeze indicator. And use the ATR Bands to determine dynamic Stop Losses and based on the calculate the Take Profit targets and quantity for each position dynamically. For the Long Setup: 1. We need to see the that Bull Power (Green line of the Bollinger Bands Breakout Oscilator) is crossing the level of 50. 2. Check the presence of volatility (Green dot based on the TTM Squeeze indicator) For the Short Setup: 1. We need to see the that Bear Power (Red line of the Bollinger Bands Breakout Oscilator) is crossing the level of 50. 2. Check the presence of volatility (Green dot based on the TTM Squeeze indicator) Stop Loss is determined by the Lower ATR Band (for the Long entry) and Upper ATR Band (For the Short entry) Take Profit is 1:1.5 risk reward ration, which means if the Stop loss is 1% the TP target will be 1.5% Move stop Loss to Breakeven: If the price will go in the direction of the trade for at least half of the Risk Reward target then the stop will automatically be adjusted to the entry price. For Example: the Stop Loss is 1%, the price has move at least 0.5% in the direction of your trade and that will move the Stop Loss level to the Entry point. You can Adjust the parameters for each indicator used in that script and also adjust the Risk and Money management block to see how the PnL will change.
Pine Script® strategy
by Wunderbit
1
Adaptable Relative Momentum Index [ParadoxAlgo]The Adaptable Relative Momentum Index (RMI) by ParadoxAlgo is an advanced momentum-based indicator that builds upon the well-known RSI (Relative Strength Index) concept by introducing a customizable momentum length. This indicator measures price momentum over a specified number of periods and applies a Rolling Moving Average (RMA) to both the positive and negative price changes. The result is a versatile tool that can help traders gauge the strength of a trend, pinpoint overbought/oversold levels, and potentially identify breakout opportunities. ⸻ Smart Configuration Feature What sets this version of the RMI apart is ParadoxAlgo’s exclusive “Smart Configuration” functionality. Instead of manually adjusting parameters, traders can simply select their Asset Class (e.g., Stocks, Forex, Futures/Indices, Crypto, Commodities) and Trading Style (e.g., Scalping, Day Trading, Swing Trading, Short-Term Investing, Long-Term Investing). Based on these selections, the indicator automatically optimizes its core parameters: • Length – The period over which the price changes are smoothed. • Momentum Length – The number of bars used to calculate the price change. By automating this process, users save time on tedious trial-and-error adjustments, ensuring that the RMI’s settings are tailored to the characteristics of specific markets and personal trading horizons. ⸻ Key Features & Benefits 1. Momentum-Based Insights • Uses RMA to smooth price movements, helping identify shifts in market momentum more clearly than a basic RSI. • Enhanced adaptability for a wide range of asset classes and time horizons. 2. Simple Yet Powerful Configuration • Smart Configuration automatically sets optimal parameter values for each combination of asset class and trading style. • Eliminates guesswork and manual recalibration when switching between markets or timeframes. 3. Overbought & Oversold Visualization • Integrated highlight zones mark potential overbought and oversold extremes (default at 80 and 20). • Optional breakout highlighting draws attention to times when the indicator crosses these key thresholds, helping spot possible entry or exit signals. 4. Intuitive Design & Ease of Use • Clean plotting and color-coded signal lines make it easy to interpret bullish or bearish shifts in momentum. • Straightforward dropdown menus keep the interface user-friendly, even for novice traders. ⸻ Practical Applications • Early Trend Detection: Spot emerging trends when the RMI transitions from oversold to higher levels or vice versa. • Breakout Confirmation: Confirm potential breakout trades by tracking overbought/oversold breakouts alongside other technical signals. • Support/Resistance Confluence: Combine RMI signals with horizontal support/resistance levels to reinforce trade decisions. • Trade Timing: Quickly gauge when momentum could be shifting, helping you time entries and exits more effectively. ⸻ Disclaimer As with any technical indicator, the Adaptable Relative Momentum Index should be used as part of a broader trading strategy that includes risk management, fundamental analysis, and other forms of technical confirmation. Past performance does not guarantee future results. ⸻ Enjoy using the Adaptable RMI and experience a more streamlined, flexible approach to momentum analysis. Feel free to explore different asset classes and trading styles to discover which configurations resonate best with your unique trading preferences.
Pine Script® indicator
by paradoxalgo
Geometric Momentum Breakout with Monte CarloOverview This experimental indicator uses geometric trendline analysis combined with momentum and Monte Carlo simulation techniques to help visualize potential breakout areas. It calculates support, resistance, and an aggregated trendline using a custom Geo library (by kaigouthro). The indicator also tracks breakout signals in a way that a new buy signal is triggered only after a sell signal (and vice versa), ensuring no repeated signals in the same direction. Important: This script is provided for educational purposes only. It is experimental and should not be used for live trading without proper testing and validation. Key Features Trendline Calculation: Uses the Geo library to compute support and resistance trendlines based on historical high and low prices. The midpoint of these trendlines forms an aggregated trendline. Momentum Analysis: Computes the Rate of Change (ROC) to determine momentum. Breakout conditions are met only if the price and momentum exceed a user-defined threshold. Monte Carlo Simulation: Simulates future price movements to estimate the probability of bullish or bearish breakouts over a specified horizon. Signal Tracking: A persistent variable ensures that once a buy (or sell) signal is triggered, it won’t repeat until the opposite signal occurs. Geometric Enhancements: Calculates an aggregated trend angle and channel width (distance between support and resistance), and draws a perpendicular “breakout zone” line. Table Display: A built-in table displays key metrics including: Bullish probability Bearish probability Aggregated trend angle (in degrees) Channel width Alerts: Configurable alerts notify when a new buy or sell breakout signal occurs. Inputs Resistance Lookback & Support Lookback: Number of bars to look back for determining resistance and support points. Momentum Length & Threshold: Period for ROC calculation and the minimum percentage change required for a breakout confirmation. Monte Carlo Simulation Parameters: Simulation Horizon: Number of future bars to simulate. Simulation Iterations: Number of simulation runs. Table Position & Text Size: Customize where the table is displayed on the chart and the size of the text. How to Use Add the Script to Your Chart: Copy the code into the Pine Script editor on TradingView and add it to your chart. Adjust Settings: Customize the inputs (e.g., lookback periods, momentum threshold, simulation parameters) to fit your analysis or educational requirements. Interpret Signals: A buy signal is plotted as a green triangle below the bar when conditions are met and the state transitions from neutral or sell. A sell signal is plotted as a red triangle above the bar when conditions are met and the state transitions from neutral or buy. Alerts are triggered only on the bar where a new signal is generated. Examine the Table: The table displays key metrics (breakout probabilities, aggregated trend angle, and channel width) to help evaluate current market conditions. Disclaimer This indicator is experimental and provided for educational purposes only. It is not intended as a trading signal or financial advice. Use this script at your own risk, and always perform your own research and testing before using any experimental tools in live trading. Credit This indicator uses the Geo library by kaigouthro. Special thanks to Cryptonerds and @Hazzantazzan for their contributions and insights.
Pine Script® indicator
by TEDCORP2
Swing Breakout System (SBS)The Swing Breakout Sequence (SBS) is a trading strategy that focuses on identifying high-probability entry points based on a specific pattern of price swings. This indicator will identify these patterns, then draw lines and labels to show confirmation. How To Use: The indicator will show both Bullish and Bearish SBS patterns. Bullish Pattern is made up of 6 points: Low (0), HH (1), LL (2 | but higher than initial Low), New HH (3), LL (5), LL again (5) Bearish Patten is made up of 6 points: High (0), LL (1), HH (2 | but lower than initial high), New LL (3), HH (5), HH again (5) A label with an arrow will appear at the end, showing the completion of a successful sequence Idea behind the strategy: The idea behind this strategy, is the accumulation and then manipulation of liquidity throughout the sequence. For example, during SBS sequence, liquidity is accumulated during step (2), then price will push away to make a new high/low (step 3), after making a minor new high/low, price will retrace breaking the key level set up in step (2). This is price manipulating taking liquidity from behind high/low from step (2). After taking liquidity price the idea is price will continue in the original direction. Step 0 - Setting up initial direction Step 1 - Setting up initial direction Step 2 - Key low/high establishing liquidity Step 3 - Failed New high/low Step 4 - Taking liquidity from step (2) Step 5 - Taking liquidity from step 2 and 4 Pattern Detection: - Uses pivot high/low points to identify swing patterns - Stores 6 consecutive swing points in arrays - Identifies two types of patterns: 1. Bullish Pattern: A specific sequence of higher lows and higher highs 2. Bearish Pattern: A specific sequence of lower highs and lower lows Note: Because the indicator is identifying a perfect sequence of 6 steps, set ups may not appear frequently. Visualization: - Draws connecting lines between swing points - Labels each point numerically (optional) - Shows breakout arrows (↑ for bullish, ↓ for bearish) - Generates alerts on valid breakouts User Input Settings: Core Parameters 1. Pivot Lookback Period (default: 2) - Controls how many bars to look back/forward for pivot point detection - Higher values create fewer but more significant pivot points 2. Minimum Pattern Height % (default: 0.1) - Minimum required height of the pattern as a percentage of price - Filters out insignificant patterns 3. Maximum Pattern Width (bars) (default: 50) - Maximum allowed width of the pattern in bars - Helps exclude patterns that form over too long a period
Pine Script® indicator
by ClayeWeight
3
Bullseye NYSE 1st5mThis script, "BullseyeNYSE1st5m," is a TradingView indicator designed to highlight the high and low price levels during the first 5 minutes of the NYSE trading session. It works as follows: 1. **Identify NYSE Trading Hours**: The script identifies bars that fall within NYSE trading hours, specifically focusing on the first five minutes after the market opens. 2. **Calculate First 5-Minute High and Low**: During the first five minutes of the trading day, the script captures and updates the high and low prices, storing these values for the remainder of the session. 3. **Plot High and Low Levels**: The high and low values from the first five minutes are plotted as lines on the chart in yellow. This helps traders quickly identify the initial range set by the market. 4. **Fill the Area Between High and Low**: The area between the high and low levels is filled with a translucent yellow color to visually emphasize the first five-minute range. 5. **Alerts for Breakouts**: Alerts are set to notify the user when the price closes above or below the first five-minute range. This helps traders stay informed of potential breakout opportunities beyond this key opening range. This indicator is useful for day traders looking to leverage the first few minutes of NYSE trading to identify early support and resistance levels and to spot breakout opportunities.
Pine Script® indicator
by aarondchannel
20-day High BreakoutOverview: The 20-day High Breakout Indicator is a very simple yet powerful tool designed for traders seeking to capitalize on significant price movements in the stock market. This indicator identifies potential buy and sell signals based on a stock's 20-day high breakout levels, making it an essential addition to your trading strategy. Key Features: Swing Period Input: Customize the swing period to your preferred number of days, with a default of 20 days, allowing flexibility based on your trading style. Trailing Stop Level: Automatically calculates the trailing stop level based on the highest high and lowest low within the defined swing period, helping to manage risk and lock in profits. Buy and Sell Signals: Generates clear buy signals when the price crosses above the trailing stop level and sell signals when the price crosses below, enabling timely entries and exits. Visual Indicators: Plots buy signals as green upward triangles below the bars and sell signals as red downward triangles above the bars, providing easy-to-interpret visual cues directly on the chart. How It Works: Resistance and Support Levels: The indicator calculates the highest high (resistance) and lowest low (support) over the defined swing period. Swing Direction: It determines the market direction by comparing the current closing price to the previous resistance and support levels. Trailing Stop Calculation: Depending on the market direction, the trailing stop level is set to either the support or resistance level. Signal Generation: Buy and sell signals are generated based on the crossover of the closing price and the trailing stop level, filtered to ensure only valid signals are displayed. Visual Representation: The trailing stop level is plotted as a line, and buy/sell signals are marked with respective shapes for easy identification. Usage: Trend Following: Ideal for traders looking to follow trends and catch significant breakouts in the stock price. Risk Management: Helps in managing risk by providing a trailing stop level that adjusts with market movements. Visual Clarity: The clear visual signals make it easy for traders to interpret and act upon the indicator's signals. Add the 20-day High Breakout Indicator to your TradingView charts to enhance your trading strategy and gain an edge in identifying profitable trading opportunities.
Pine Script® indicator
by stockmaniacs
4
KillZones + ACD Fisher [TradingFinder] Sessions + Reversal Level🔵 Introduction 🟣 ACD Method "The Logical Trader" opens with a thorough exploration of the ACD Methodology, which focuses on pinpointing particular price levels associated with the opening range. This approach enables traders to establish reference points for their trades, using "A" and "C" points as entry markers. Additionally, the book covers the concept of the "Pivot Range" and how integrating it with the ACD method can help maximize position size while minimizing risk. 🟣 Session The forex market is operational 24 hours a day, five days a week, closing only on Saturdays and Sundays. Typically, traders prefer to concentrate on one specific forex trading session rather than attempting to trade around the clock. Trading sessions are defined time periods when a particular financial market is active, allowing for the execution of trades. The most crucial trading sessions within the 24-hour cycle are the Asia, London, and New York sessions, as these are when substantial money flows and liquidity enter the market. 🟣 Kill Zone Traders in financial markets earn profits by capitalizing on the difference between their buy/sell prices and the prevailing market prices. Traders vary in their trading timelines.Some traders engage in daily or even hourly trading, necessitating activity during periods with optimal trading volumes and notable price movements. Kill zones refer to parts of a session characterized by higher trading volumes and increased price volatility compared to the rest of the session. 🔵 How to Use 🟣 Session Times The "Asia Session" comprises two parts: "Sydney" and "Tokyo." This session begins at 23:00 and ends at 06:00 UTC. The "Asia KillZone" starts at 23:00 and ends at 03:55 UTC. The "London Session" includes "Frankfurt" and "London," starting at 07:00 and ending at 14:25 UTC. The "London KillZone" runs from 07:00 to 09:55 UTC. The "New York" session starts at 14:30 and ends at 19:25 UTC, with the "New York am KillZone" beginning at 14:30 and ending at 22:55 UTC. 🟣 ACD Methodology The ACD strategy is versatile, applicable to various markets such as stocks, commodities, and forex, providing clear buy and sell signals to set price targets and stop losses. This strategy operates on the premise that the opening range of trades holds statistical significance daily, suggesting that initial market movements impact the market's behavior throughout the day. Known as a breakout strategy, the ACD method thrives in volatile or strongly trending markets like crude oil and stocks. Some key rules for employing the ACD strategy include : Utilize points A and C as critical reference points, continually monitoring these during trades as they act as entry and exit markers. Analyze daily and multi-day pivot ranges to understand market trends. Prices above the pivots indicate an upward trend, while prices below signal a downward trend. In forex trading, the ACD strategy can be implemented using the ACD indicator, a technical tool that gauges the market's supply and demand balance. By evaluating trading volume and price, this indicator assists traders in identifying trend strength and optimal entry and exit points. To effectively use the ACD indicator, consider the following : Identifying robust trends: The ACD indicator can help pinpoint strong, consistent market trends. Determining entry and exit points: ACD generates buy and sell signals to optimize trade timing. Bullish Setup : When the "A up" line is breached, it’s wise to wait briefly to confirm it’s not a "Fake Breakout" and that the price stabilizes above this line. Upon entering the trade, the most effective stop loss is positioned below the "A down" line. It's advisable to backtest this to ensure the best outcomes. The recommended reward-to-risk ratio for this strategy is 1, which should also be verified through backtesting. Bearish Setup : When the "A down" line is breached, it’s prudent to wait briefly to ensure it’s not a "Fake Breakout" and that the price stabilizes below this line. Upon entering the trade, the most effective stop loss is positioned above the "A up" line. Backtesting is recommended to confirm the best results. The recommended reward-to-risk ratio for this strategy is 1, which should also be validated through backtesting. Advantages of Combining Kill Zone and ACD Method in Market Analysis : Precise Trade Timing : Integrating the Kill Zone strategy with the ACD Method enhances precision in trade entries and exits. The ACD Method identifies key points for trading, while the Kill Zone focuses on high-activity periods, together ensuring optimal timing for trades. Better Trend Identification : The ACD Method’s pivot ranges help spot market trends, and when combined with the Kill Zone’s emphasis on periods of significant price movement, traders can more effectively identify and follow strong market trends. Maximized Profits and Minimized Risks : The ACD Method's structured approach to setting price targets and stop losses, coupled with the Kill Zone's high-volume trading periods, helps maximize profit potential while reducing risk. Robust Risk Management : Combining these methods provides a comprehensive risk management strategy, strategically placing stop losses and protecting capital during volatile periods. Versatility Across Markets : Both methods are applicable to various markets, including stocks, commodities, and forex, offering flexibility and adaptability in different trading environments. Enhanced Confidence : Using the combined insights of the Kill Zone and ACD Method, traders gain confidence in their decision-making process, reducing emotional trading and improving consistency. By merging the Kill Zone’s focus on trading volumes and the ACD Method’s structured breakout strategy, traders benefit from a synergistic approach that enhances precision, trend identification, and risk management across multiple markets.
Pine Script® indicator
by TFlab
6
ICT KillZones + Pivot Points [TradingFinder] Support/Resistance 🟣 Introduction Pivot Points are critical levels on a price chart where trading activity is notably high. These points are derived from the prior day's price data and serve as key reference markers for traders' decision-making processes. Types of Pivot Points : Floor Woodie Camarilla Fibonacci 🔵 Floor Pivot Points Widely utilized in technical analysis, floor pivot points are essential in identifying support and resistance levels. The central pivot point (PP) acts as the primary level, suggesting the trend's likely direction. The additional resistance levels (R1, R2, R3) and support levels (S1, S2, S3) offer further insight into potential trend reversals or continuations. 🔵 Camarilla Pivot Points Featuring eight distinct levels, Camarilla pivot points closely correspond with support and resistance, making them highly effective for setting stop-loss orders and profit targets. 🔵 Woodie Pivot Points Similar to floor pivot points, Woodie pivot points differ by placing greater emphasis on the closing price, often resulting in different pivot levels compared to the floor method. 🔵 Fibonacci Pivot Points Fibonacci pivot points combine the standard floor pivot points with Fibonacci retracement levels applied to the previous trading period's range. Common retracement levels used are 38.2%, 61.8%, and 100%. 🟣 Sessions Financial markets are divided into specific time segments, known as sessions, each with unique characteristics and activity levels. These sessions are active at different times throughout the day. The primary sessions in financial markets include : Asian Session European Session New York Session The timing of these major sessions in UTC is as follows : Asian Session: 23:00 to 06:00 European Session: 07:00 to 14:25 New York Session: 14:30 to 22:55 🟣 Kill Zones Kill zones are periods within a session marked by heightened trading activity. During these times, trading volume surges and price movements become more pronounced. The timing of the major kill zones in UTC is : Asian Kill Zone: 23:00 to 03:55 European Kill Zone: 07:00 to 09:55 New York Kill Zone: 14:30 to 16:55 Combining kill zones and pivot points in financial market analysis provides several advantages : Enhanced Market Sentiment Analysis : Aligns key price levels with high-activity periods for a clearer market sentiment. Improved Timing for Trade Entries and Exits : Helps better time trades based on when price movements are most likely. Higher Probability of Successful Trades : Increases the accuracy of predicting market movements and placing profitable trades. Strategic Stop-Loss and Profit Target Placement : Allows for precise risk management by strategically setting stop-loss and profit targets. Versatility Across Different Time Frames : Effective in both short and long time frames, suitable for various trading strategies. Enhanced Trend Identification and Confirmation : Confirms trends using both pivot levels and high-activity periods, ensuring stronger trend validation. In essence, this integrated approach enhances decision-making, optimizes trading performance, and improves risk management. 🟣 How to Use 🔵 Two Approaches to Trading Pivot Points There are two main strategies for trading pivot points: utilizing "pivot point breakouts" and "price reversals." 🔵 Pivot Point Breakout When the price breaks through pivot lines, it signals a shift in market sentiment to the trader. In the case of an upward breakout, where the price crosses these pivot lines, a trader might enter a long position, placing their stop-loss just below the pivot point (P). Conversely, if the price breaks downward, a short position can be initiated below the pivot point. When using the pivot point breakout strategy, the first and second support levels can serve as profit targets in an upward trend. In a downward trend, these roles are filled by the first and second resistance levels. 🔵 Price Reversal An alternative method involves waiting for the price to reverse at the support and resistance levels. To implement this strategy, traders should take positions opposite to the prevailing trend as the price rebounds from the pivot point. While this tool is commonly used in higher time frames, it tends to produce better results in shorter time frames, such as 1-hour, 30-minute, and 15-minute intervals. Three Strategies for Trading the Kill Zone There are three principal strategies for trading within the kill zone : Kill Zone Hunt Breakout and Pullback to Kill Zone Trading in the Trend of the Kill Zone 🔵 Kill Zone Hunt This strategy involves waiting until the kill zone concludes and its high and low lines are established. If the price reaches one of these lines within the same session and is strongly rejected, a trade can be executed. 🔵 Breakout and Pullback to Kill Zone In this approach, once the kill zone ends and its high and low lines stabilize, a trade can be made if the price breaks one of these lines decisively within the same session and then pulls back to that level. 🔵 Trading in the Trend of the Kill Zone Kill zones are characterized by high trading volumes and strong trends. Therefore, trades can be placed in the direction of the prevailing trend. For instance, if an upward trend dominates this area, a buy trade can be entered when the price reaches a demand order block.
Pine Script® indicator
by TFlab
3
Market Structure (Breakers) [LuxAlgo]The Market Structure (Breakers) indicator aims to detect "Breaker Market Structures", an original concept inspired by breaker blocks, and extend on the original concept of market structures by extending existing MS levels, providing supports/resistances as a result. Various graphical elements are included that highlight the interactions between price and Breaker structures. 🔶 USAGE Breaker structures occur when a market structure is confirmed (price breaking a previous swing level). The broken swing point is extended by a dotted line which can be used as potential support or resistance. After a market structure, the price can eventually reverse and break one or multiple breaker structures at the same time, allowing for the detection of new trends in the price. A market structure closer to the top/bottom of a trend can return Breaker structures breakouts more indicative of potential reversals. Breakers MS breakouts can also be useful as exits for entries done using market market structures. The script additionally highlights support/resistance events by highlighting candle borders, with a border using a green color indicating support events while a red color is indicative of a resistance event. 🔹 Breaker Structure Lifespan The "lifespan" of Breaker structures, that is the amount of time the script will extend/evaluate them is determined by various user settings. The Maximum Breaks setting determines the maximum amount of breaks a breaker structure can withstand before it is broken. For example, a maximum amount of breaks of 3 for a bearish breaker structure would require the price to cross under that precise breaker structure level three times. Using higher values of this setting will also highlight more Breakers MS. The Breaker Maximum Duration setting on the other hand determines how many bars a breaker structure can be evaluated without being broken. If a breaker structure is not broken after this amount of bars then it will stop being evaluated and will be removed. 🔶 SETTINGS Swings Period: Period used for the swing detection, with higher values returning longer term markter structures. Maximum Breaks: Amount of break required for a breaker block to be considered broken. Breaker Maximum Duration: Maximum duration of a breaker block (in bars).
Pine Script® indicator
by LuxAlgo
14