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Daily Open Line (9:30-16:00)This indicator automatically plots a horizontal line at each day's opening price during regular trading hours (9:30 AM to 4:00 PM, US Eastern Time). The line starts exactly at the opening bar of the day and ends at the close (16:00). Each day, a new line is drawn, making it easy to visualize and reference the daily open price throughout the session. Useful for intraday traders to identify key support/resistance and monitor price action relative to the open. You can customize the color, line width, and whether to display the open price label.
Pine Script® indicator
by ziaZNZ
Daily Levels & Time MarkersKey Features: Price Level Tracking: Previous Day High/Low (PDH/PDL) - Shows yesterday's highest and lowest prices as horizontal lines Overnight High/Low (ONH/ONL) - Tracks the highest and lowest prices during overnight sessions (4:00 PM to 9:30 AM ET) Opening Range High/Low (ORH/ORL) - Captures the price range during the first 30 minutes of regular trading (9:30-10:00 AM ET) Visual Elements: Draws horizontal lines for previous day levels that extend across the chart Creates rays (extending lines) for overnight and opening range levels that project forward from when they were established Uses different colors and line styles for each level type (solid lines for daily levels, dashed for opening range) Adds text labels showing the exact price values (PDH, PDL, ONH, ONL, ORH, ORL) Time Markers: Draws vertical dashed lines at key trading times: 10:00 AM, 11:30 AM, 1:00 PM, 2:30 PM, and 4:00 PM ET Uses Eastern Time zone by default but allows customization Customization Options: Toggle each feature on/off independently Customize colors for all line types Adjust timezone settings
Pine Script® indicator
by williams233aw
Daily ADR TableDaily ADR Table Indicator The Daily Average Daily Range (ADR) Table displays real-time volatility statistics directly on your chart. It shows both the current day's range and the historical average daily range as percentages of the current price, providing essential volatility metrics for trading decisions. The indicator tracks today's range in real-time throughout the trading session using session-based calculations to ensure accuracy. It compares this against a customizable historical average (default 20 days, adjustable from 1-500 days) to help traders assess whether current volatility is above or below normal levels. All values are displayed as percentages for easy comparison across different price levels and formatted to two decimal places for precision. The table position, text size, alignment, and colors are fully customizable with nine position options and professional default styling optimized for readability. This indicator is valuable for day traders, swing traders, and market analysts who need to quickly assess current market volatility relative to historical norms. It assists in position sizing decisions, setting stop losses, and identifying potential breakout or consolidation scenarios based on range expansion or contraction.
Pine Script® indicator
by J-V-Y-E
1
HVC Daily LevelsDaily High Volume Candle Levels Marked on all Timeframes HVC Level Sentinel v6 — High Volume Candle Levels HVC Level Sentinel v6 automatically detects and highlights “High Volume Candles” (HVCs) — bars with the highest trading volume in a rolling, user-defined window (e.g., 30 days). This tool helps you spot key price levels where significant trading activity occurred, which can act as important support or resistance zones. Features Customizable Lookback: Choose how many bars to look back for HVC detection (default: 30 days, adjustable). Automatic Highlighting: HVC candles are highlighted on your chart with a customizable color. Level Lines: Draws horizontal lines at the Open, High, Low, and Close of each recent HVC, so you can easily track these key levels. Line Fading: Only the most recent N HVCs (user-adjustable) have lines, with older lines fading out or disappearing for clarity. Per-Line Control: Turn on/off Open, High, Low, and Close lines individually in the settings. Fully Customizable: Adjust colors, line styles, widths, and opacity to fit your chart style. How It Works On each new bar, the script checks if the current bar’s volume is the highest in the last N bars. If so, it marks the bar as an HVC and draws lines at its O/H/L/C (if enabled). You can highlight all HVCs historically, but only the most recent N will have lines for a clean, focused chart. Use Cases Identify major breakout or reversal points driven by high volume. Track where institutional or “smart money” activity may have occurred. Use HVC levels as dynamic support/resistance for entries, exits, or stop placement. Tip : Adjust the lookback window and number of HVCs with lines to match your trading style—shorter for active trading, longer for swing/position trading.
Pine Script® indicator
by Ammalamma
1
Daily Volume High Notifier📜 Script Description – Daily Volume High Notifier This indicator monitors trade volume and sends an alert whenever a new daily high in volume is reached. The high volume is reset at the beginning of each trading day, allowing traders to stay informed of significant intraday volume spikes. 🛠️ Features: Tracks the highest trade volume for the current day. Resets the volume high tracker at the start of each new day. Sends a real-time notification (alert()) whenever a new volume high is detected. Useful for identifying unusual activity, potential breakouts, or institutional participation. 📊 Visual Elements: Blue histogram for standard volume. Red line showing the current day’s highest volume so far. 🔔 How to Use: Add the script to any chart. Enable alerts using the built-in alert() function. Receive notifications every time volume hits a new high for the day. 🔔 Setting up Alerts in TradingView: After adding this indicator to your chart: Click the Alarm Clock (Alerts) icon. Set condition: Daily Volume High Notifier → alert() function call . Choose your alert type (app notification, email, popup, etc.). Name it something like "Volume High Alert" and hit Create. This tool is ideal for day traders, scalpers, and volume-based strategy traders who want to be instantly notified of spikes in market activity.
Pine Script® indicator
by richadonn24
Daily Performance HeatmapThis script displays a customizable daily performance heatmap for key assets across crypto, equities, bonds, commodities, currencies, and volatility indices. Each cell shows the current price and the percent change since the daily open, color-coded using a gradient from negative to positive. Assets are arranged in a left-to-right, top-down grid, with adjustable layout and styling. ⚙️ Features: 🔢 Displays current price and daily % change 🎨 Color-coded heatmap using customizable gradients 🧱 Adjustable layout: number of columns, cell size, and text size 🧠 Smart price formatting (no decimals for BTC, Gold, etc.) 🪟 Clean alignment with padded spacing for UI clarity 🛠️ Future plans: User-input asset lists and labels Category grouping and dynamic sorting Optional icons, tooltips, or alerts
Pine Script® indicator
by seanstakcn
1
Daily LevelsOverview: The Daily Levels indicator plots key price levels from the previous trading day, including the high, low, median (pivot), and projected extensions. These levels help traders identify potential support/resistance zones and anticipate breakout or reversal opportunities. Key Features: ✅ Previous Day High & Low – Visualizes the prior day’s high and low as dynamic support/resistance levels. ✅ Median (Pivot) Line – Calculates the midpoint between the previous day’s high and low, acting as a key intraday reference. ✅ Projected Levels – Extends the high/low range symmetrically above and below the median, highlighting potential breakout zones. ✅ Customizable Display – Toggle visibility, adjust colors, and modify line styles (solid, dotted, dashed). ✅ Price Labels – Clear on-chart labels showing exact price values for quick reference. ✅ Built-in Alerts – Get notified when price crosses any of the key levels. How to Use: Trend Identification: If price holds above the median, the bias is bullish; below suggests bearish momentum. Breakout Trading: Watch for moves beyond the projected levels for potential continuation. Mean Reversion: Fade moves toward the previous day’s high/low if the median holds as support/resistance. Ideal For: Day Traders – Intraday support/resistance levels. Swing Traders – Context for multi-day trends. Breakout/Reversal Strategies – Clear levels for trade triggers. Settings Recommendations: High/Low Lines: Use semi-transparent colors (e.g., green/red) for clarity. Projections: Helpful for anticipating extended moves (e.g., teal for upper, orange for lower). Alerts: Enable notifications for key crosses (e.g., median or high/low breaks).
Pine Script® indicator
by PIXEL_BLADE
Daily Bollinger Band StrategyOverview of the Daily Bollinger Band Strategy 1. Strategy Overview and Features This strategy is a tool for backtesting a trading method that uses Bollinger Bands. It is *not* a tool for automated trading. 1-1. Main Display Items The main chart displays the Bollinger Bands and the 200-day moving average. It also shows the entry and exit points along with the position size (in units of 100 shares). 1-2. Summary of Trading Rules For long (buy) strategies, the trade enters when the price crosses above the +1σ line of the Bollinger Bands, aiming to ride an upward trend. The position is exited when the price crosses below the middle band. For short (sell) strategies, the trade enters when the price crosses below the -1σ line of the Bollinger Bands, aiming to ride a downward trend. The position is exited when the price crosses above the middle band. 1-3. Strategic Enhancements The strategy uses the slope of the 200-day moving average to determine the trend direction and enter trades accordingly. This improves the win rate and payoff ratio. Additionally, to reduce the probability of ruin, the risk per trade is limited to 1.0% of capital, and position sizing is adjusted using ATR (a volatility indicator). 2. Trading Rules 2-1. Chart Type Only daily charts are used. 2-2. Indicators Used (1) Bollinger Bands** (used for entry and exit signals) - Period: Fixed at 80 days - Upper and lower bands: Fixed at ±1σ (2) Moving Average** (used to determine trend direction) - Period: Fixed at 200 days - Trend direction is judged based on whether the difference from the previous day is positive (upward) or negative (downward) 2-3. Buy Rules Setup: - Price crosses above the +1σ line from below - Both the middle band and 200-day moving average are upward sloping Entry: - Buy at the next day’s market open using a market order Exit: - If the price crosses below the middle band, sell at the next day’s open using a market order 2-4. Sell Rules Setup: - Price crosses below the -1σ line from above - Both the middle band and 200-day moving average are downward sloping Entry: - Sell at the next day’s market open using a market order Exit: - If the price crosses above the middle band, buy back at the next day’s open using a market order 2-5. Risk Management Rules - Risk per trade: 1.0% of total capital (acceptable loss = capital × 1.0%) - Position size: Acceptable loss ÷ 2ATR (rounded down to the nearest unit of 100 shares) 2-6. Other Notes - No brokerage fees - No pyramiding - No partial exits - No reverse positions (no “stop-and-reverse” trades) 3. Strategy Parameters The following settings can be specified: 3-1. Period Settings - Start date: Set the start date for the backtest period - Stop date: Set the end date for the backtest period 3-2. Display of Trend and Signals - Show trend: When checked, the background color of the bars is light red for an uptrend and light blue for a downtrend - Show signal: When checked, entry and exit signals are displayed (note: signals are executed at the next day’s open, so there is a one-day lag in the display) 3-3. Capital Management Settings - Funds: Capital available for trading (in JPY) - Risk rate: Specify what percentage of the capital to risk per trade Settings in the “Properties” tab are not used in this strategy. 4. Backtest Results (Example) Here are the backtest results conducted by the author: - Target Stocks: All components of the Nikkei 225 - Test Period: January 4, 2000 – December 30, 2024 - Data Points: 12,886 - Win Rate: 33.45% - Net Profit: ¥82,132,380 - Payoff Ratio: 2.450 - Expected Value: ¥6,373.8 - Risk Rate: 1.0% - Probability of Ruin: 0.00% --- デイリー・ボリンジャーバンド・ストラテジーの概要 1. ストラテジーの概要と特徴 このストラテジーは、ボリンジャーバンドを使ったトレード手法のバックテストを行うツールです。自動売買を行うツールではありません。 1-1. 主な表示項目 メインチャートにボリンジャーバンドと 200日移動平均線を表示します。 また、エントリーと手仕舞いのタイミングと数量（100株単位）も表示されます。 1-2. トレードルールの概要 買い戦略の場合、ボリンジャーバンドの +1σ 超えでエントリーして上昇トレンドに乗り、ミドルバンドを割ったら決済します。 売り戦略の場合、ボリンジャーバンドの -1σ 割りでエントリーして下降トレンドに乗り、ミドルバンドを上抜けたら決済します。 1-3. ストラテジーの工夫点 200日移動平均線の傾きを見てトレンド方向にエントリーをしています。こうして勝率とペイオフレシオの成績を向上しています。 また、破産確率を抑えるために、リスク資金比率を 1.0% にして、ATR（ボラティリティ指標） を使って注文数を調整しています。 2. 売買ルール 2-1. 使用するチャート 日足チャートに限定します 2-2. 使用する指標 (1) ボリンジャーバンド（仕掛けと手仕舞いのシグナルに使用） 期間は80日に固定 上下バンドは ±1σ に固定 (2) 移動平均線（トレンドの方向を見るために使用） 期間は200日に固定 移動平均の値の前日との差がプラスのとき上向き、マイナスのとき下向きと判断 2-3. 買いのルール セットアップ：ボリンジャーバンドの +1σ を価格が下から上に交差 かつ ミドルバンドと 200日移動平均線が上向き 仕掛け：翌日の寄り付きに成行で買う 手仕舞い：ボリンジャーバンドのミドルバンドを価格が上から下に交差したら、翌日の寄り付きに成行で売る 2-4. 売りのルール セットアップ：ボリンジャーバンドの -1σ を価格が上から下に交差 かつ ミドルバンドと 200日移動平均線が下向き 仕掛け：翌日の寄り付きに成行で売る 手仕舞い：ボリンジャーバンドのミドルバンドを価格が下から上に交差したら、翌日の寄り付きに成行で買い戻す 2-5. 資金管理のルール リスク資金比率：資産の 1.0%（許容損失 = 資産 × 1.0%） 注文数：許容損失 ÷ 2ATR（単元株数未満は切り捨て） 2-6. その他 仲介手数料：なし ピラミッディング：なし 分割決済：なし ドテン：しない 3. ストラテジーのパラメーター 次の項目が指定できます。 3-1. 期間の設定 Staer date : バックテストの検証期間の開始日を指定します Stop date : バックテストの検証期間の終了日を指定します 3-2. トレンドとシグナルの表示 Show trend : チェックを入れると、バーの背景色が、トレンドが上昇のときは薄い赤で、下落のときは薄い青で表示されます Show signal : チェックを入れると、エントリーと手仕舞いのシグナルを表示します（シグナルの出た翌日の寄り付きに売買をするので表示に1日のずれがあります） 3-3. 資金管理用の設定 Funds : トレード用の資金(円) Risk rate : 許容損失を資金の何%にするかで指定します 「プロパティタブ」で設定する値は、このストラテジーでは有効ではありません。 4. バックテストの結果（例） 作者がバックテストを実施した結果をお知らせします。 対象銘柄：日経225構成銘柄すべて 対象期間：2000年1月4日～2024年12月30日 データ件数：12,886 勝率：33.45% 純利益：82,132,380 ペイオフレシオ：2.450 期待値：6,373.8 リスク資金比率：1.0% 破産確率：0.00%
Pine Script® strategy
by fightpm
Daily ProtractorDaily Protractor Indicator Overview The Daily Protractor is a visually intuitive tool designed for traders who want to analyze price action through angular measurements on a 5-minute chart. By overlaying a protractor on the chart, this indicator helps identify potential support, resistance, and trend directions based on angular relationships from the first 5-minute candle of each day. It’s particularly useful for intraday traders looking to incorporate geometric analysis into their strategies for spot or strike charts. Key Features Dynamic Protractor Overlay: Draws a protractor centered on the low of the first 5-minute candle of each day, with customizable radius in both bars (horizontal) and price units (vertical). Angular Measurements: Displays angles in 5-degree increments, covering a full 360° circle or a 105° to -105° (91° to 269°) half-circle, depending on user preference. Customizable Display: Adjust the number of days to display protractors (up to 5 days). Customize line colors for different angle ranges (0° to 180°, 180° to 360°, and 0° specifically). Modify line thickness, label size, and label colors for better visibility. Center Point Highlight: Marks the center of each protractor with a labeled point for easy reference. Efficient Design: Optimized with max_lines_count, max_labels_count, and max_bars_back to ensure smooth performance on TradingView. How It Works The indicator identifies the first 5-minute candle of each day and uses its low price as the center point for a protractor. It then draws lines at 5-degree intervals, radiating from the center, with each line representing an angle from 0° to 360°. Labels at the end of each line display the angle in degrees, with negative values shown for angles between 195° and 345° (e.g., 270° is displayed as -90°). The protractor’s radius can be adjusted in both time (bars) and price units, allowing traders to scale the tool to their chart’s characteristics. Usage Instructions Add to Chart: Apply the indicator to a 5-minute chart of your chosen instrument (e.g., spot or strike charts). Interpret the Protractor: Use the angular lines to identify potential price levels or trend directions. The 0° line (horizontal) can act as a reference for horizontal support/resistance. Angles between 0° and 180° (upper half) and 180° and 360° (lower half) are color-coded for quick identification. Customize Settings: Toggle the Show 105° to -105° option to display a half-circle (91° to 269°) instead of a full 360° protractor. Adjust the Radius in Bars and Radius in Price Units to scale the protractor to your chart. Set the Maximum Days to Display to control how many daily protractors are shown. Modify line thickness, colors, and label settings to suit your visual preferences. Customization Options Protractor Settings: Show 105° to -105° (91° to 269°): Toggle between a full circle or a half-circle protractor. Radius in Bars: Set the horizontal span of the protractor (default: 75 bars). Radius in Price Units: Set the vertical span in price units (default: 1000.0). Maximum Days to Display: Limit the number of protractors shown (default: 5 days). Line Settings: Line Thickness: Adjust the thickness of the protractor lines (1 or 2). Line Color (0° to 180°): Color for the upper half (default: light blue). Line Color (180° to 360°): Color for the lower half (default: light red). Line Color (0°): Color for the 0° line (default: black). Label Settings: Label Size: Choose between small, normal, or large labels. Label Color (0° to 180°): Color for labels in the upper half (default: red). Label Color (180° to 360°): Color for labels in the lower half (default: green). Notes The indicator was designed with the help of Grok3 for use on 5-minute charts only, as it relies on the first 5-minute candle of the day to set the protractor’s center. For best results, adjust the radius settings to match the volatility and price scale of your instrument. However, where the price is in single digits it is advised to switch off the labels or I would suggest not to use the same. The protractor can be used alongside other technical tools to confirm trends, reversals, or key price levels. Limitations: This cannot be used on instruments that trade for more than 75 candles with a timeframe of 5 minutes as the angles would not cover the entire trading window. I am working coming up with a script to address this limitation. Feedback I’d love to hear your thoughts! If you find the Daily Protractor helpful or have suggestions for improvements, please leave a comment or reach out. Happy trading!
Pine Script® indicator
by Boron555
2
Daily & Multi-Day High/LowDaily & Multi-Candle High/Low Indicator This indicator clearly highlights essential price levels directly on your chart, significantly improving your trading decisions: First Candle High/Low (Session Open): Quickly identify the high and low of the first candle each trading day, ideal for session-open traders. Previous Day's High/Low: Automatically plots the highest and lowest prices from the previous trading day, crucial for daily breakout or reversal strategies. Multi-Candle High/Low (Customizable Period): Easily track the highest and lowest points of the last X candles (default: 108 candles). Perfect for spotting key support and resistance zones. Customization Options: Adjust colors, line styles (solid, dashed, dotted), and line thickness directly from the settings for personalized visibility. Ideal for day traders, swing traders, and price-action traders looking for clear and actionable daily levels on their charts.
Pine Script® indicator
by Timomentum
1
Daily Price LevelsTrack daily price action like a pro with instant visibility of key levels, percentages, and P&L values - all in one clean view." Bullet points: • Shows Daily Open, High, Low & Median levels • Dynamic color-coding: green above open, red below • Real-time price labels with: Exact price levels % distance between levels Point values Dollar values per contract • Auto-repaints on timeframe changes • 30min alerts for median crosses
Pine Script® indicator
by zer0123456
Daily Time MarkerThis TradingView indicator draws thin, white, dashed vertical lines on the chart at a user-defined time each day. The indicator takes into account Daylight Saving Time (DST) adjustments, ensuring the correct time is displayed throughout the year. Key Features: ✅ Daily Vertical Markers: Displays vertical dashed lines from Monday to Friday at the selected time. The lines extend infinitely in both directions. ✅ Historical & Future Projection: Shows lines 15 days into the past and 5 days into the future for better visualization of key time levels. ✅ DST Adjustment: Automatically adjusts between summer and winter time , ensuring the correct hour is displayed. This indicator is useful for traders who rely on specific time-based events, such as market opens or key trading sessions.
Pine Script® indicator
by jonas0777
3
Daily Open @Alpha PipsOverview The Daily Open @Alpha Pips indicator displays the daily opening price as a reference line on the chart. This level is widely used by traders to gauge market sentiment, potential support/resistance zones, and price reactions throughout the trading session. How It Works The line color is red with a 30% transparency level, ensuring visibility without overwhelming the chart. The line width is set to 2 for clear visualization. Use Cases Identify potential intraday support/resistance at the daily open. Observe price reactions around the daily open level to refine entries and exits. Use in conjunction with price action, order flow, or smart money concepts for enhanced decision-making. Additional Information Works on any timeframe but is best suited for intraday trading strategies. The script is fully transparent, ensuring traders can easily understand its function. It does not repaint, providing reliable and stable levels throughout the session.
Pine Script® indicator
by Alpha-Pips
Daily Bias IndicatorBasic ICT Daily Bias Indicator When yesterday's price breaks above and closes above the high of the day before yesterday, it indicates a bullish bias. When yesterday's price tests the low of the day before yesterday but does not break below it, it indicates a bullish bias. When yesterday's price breaks below and closes below the low of the day before yesterday, it indicates a bearish bias. When yesterday's price tests the high of the day before yesterday but does not break above it, it indicates a bearish bias.
Pine Script® indicator
by kenkwong0628
1
Daily COC Strategy with SHERLOCK WAVESThis indicator implements a unique trading strategy known as the "Daily COC (Candle Over Candle) Strategy" enhanced with "SHERLOCK WAVES" for pattern recognition. It's designed for traders looking to capitalize on specific candlestick formations with a negative risk-reward ratio, with the aim of achieving a high win rate (over 70%) through numerous trading opportunities, despite each trade having a higher risk relative to the reward. Key Features: Pattern Recognition: Identifies a setup based on three consecutive candles - a red candle followed by a shooting star, then an entry candle that does not break below the shooting star's low. Negative Risk/Reward Trade Selection: Focuses on entries where the potential stop loss is greater than the take profit, banking on a high win rate to offset the individual trade's negative risk-reward ratio. Visual Signals: Green Label: Marks potential entry points at the high of the candle before the entry. Green Dot: Indicates a winning trade closure. Red Dot: Signals a losing trade closure. Blue Circle: Warns when the current candle is within 2% of breaking above the previous candle's high, suggesting a potential setup is developing. Green Circle: Plots the take profit level. Red Circle: Plots the stop loss level. Dynamic Statistics: A live updating label showing the number of trades, wins, losses, open trades, current account balance, and win percentage. Customizable Parameters: Risk % per Trade: Adjust the percentage of your account balance you're willing to risk on each trade. Initial Account Balance: Set your starting balance for tracking performance. Start Date for Strategy: Define when the strategy should start calculating from, allowing for backtesting. Alerts: An alert condition is set for when a potential trade setup is developing, helping traders prepare for entries. Usage Tips: This strategy is predicated on the idea that a high win rate can compensate for the negative risk-reward ratio of individual trades. It might not suit all market conditions or traders' risk profiles. Use this strategy in conjunction with other analysis methods to validate trade setups. Note: Always backtest thoroughly before applying to live markets. Consider this tool as part of a broader trading strategy, not a standalone solution. Monitor your win rate and adjust your risk management accordingly to ensure the strategy remains profitable over time. This description now correctly explains the purpose behind the negative risk-reward ratio in the context of your trading strategy.
Pine Script® indicator
by OFFICIAL_TRADING_SHERLOCK
2
Daily Buy/Sell Volumeindicator that The Daily Buy/Sell Volume Indicator is a custom-built tool that helps traders track and visualize the buying and selling volumes throughout a trading day. This indicator separates the total volume into two categories: 1. Buy Volume: Calculated when the closing price is higher than the opening price for a given candle. This represents the volume of bullish (buy) activity for the day. 2. Sell Volume: Calculated when the closing price is lower than the opening price for a given candle. This represents the volume of bearish (sell) activity for the day. Key Features: • Buy/Sell Volume Calculation: The indicator tracks the buying and selling volumes based on the relationship between the open and close prices of each candle. • Daily Reset: The indicator resets at the start of each trading day, providing fresh calculations for the daily buy and sell volumes. • Visual Representation: The buy volume is shown with a green line, while the sell volume is displayed with a red line, making it easy to identify bullish and bearish activity over the course of the day.
Pine Script® indicator
by GabboG_
1
Daily Close Levels with ATR and Custom OffsetsDescription: This Pine Script visualizes daily close levels, calculates key price zones based on custom offsets and ATR (Average True Range), and is an essential tool for traders analyzing support and resistance zones. Features Close Value Line: Displays the daily close value as a line on the chart. ATR Values: Shows the ATR value in both price and tick format. Custom Offsets: Calculates positive and negative price levels based on a user-defined tick offset. Supports multipliers for extended zones (e.g., 2x offset). Labels: Displays the close value and ATR on the chart. Annotates calculated price levels directly on the corresponding lines. Time Control: Calculates levels at a user-defined hour (e.g., 20:00). Customizable Parameters: Close Time (Hour): Choose the specific hour for analyzing the close price. Custom Line Offset: Define the price offset in ticks. ATR Length: Adjust the ATR calculation length. Timezone Offset: Supports time adjustments for different time zones. Enable/Disable Labels and Values: Toggle the display of labels and values on the chart.
Pine Script® indicator
by Mahir2144
1
Daily Single Trade [SMRT Algo]The Daily Single Trade Indicator by SMRT Algo is a powerful yet simple tool designed for traders who value precision, discipline, and a focus on high-quality trade setups. With a unique approach, this indicator identifies just one signal daily, making it ideal for traders who prefer a structured and stress-free trading routine. Please note that this indicator only works for timeframes below 1H. Key Features: Market Open & Pre-Market Analysis: The indicator focuses on the market’s opening range and identifies breakout opportunities based on price action during these critical periods. Customizable Risk-Reward Ratio: Plan your trades with precision by setting your desired RR, ensuring that your take-profit (TP) levels are multiples of your stop-loss (SL). Stop loss is not shown with this indicator. Price Offset for SL: Add a customizable buffer to your SL and TP levels. This offset accounts for market volatility, reducing the chances of premature stop-outs while maintaining alignment with your trading plan. Increasing this value will lead to a greater invisible stop loss, which will increase the TP size. The opposite is occurs when decreasing this value (less than 0). If you set it as 2.5 for example for TSLA: price is 340 and SL is 330 for example, SL becomes 327.5. This calculation will then be applied to calculate the TP. In simple terms, if the offset is positive, SL becomes larger, TP becomes larger as well. Exit Point Visibility: Display exit points on your chart to better visualize trade targets and stop levels. Adjustable Market Open Time: Easily modify the market open hour and minute to suit your asset’s trading session. For example, U.S. stock traders can set the market open time to 9:30 AM EST (UTC-5). By providing a single signal each day, the indicator minimizes overtrading and keeps your focus on the best opportunities. With predefined SL, TP, and RR settings, the indicator fosters disciplined trading, reducing the influence of emotional decision-making. Whether you’re trading stocks, indices, or forex, the customizable market open time and RR ratio make this indicator versatile and adaptable. The combination of precise SL and TP calculations with offset pip adjustments helps protect your trades from market noise while maintaining a favorable RR. Perfect for those who can’t monitor markets all day, the single-signal approach allows you to execute a high-quality trade and move on with your day. How to Use: Set the Market Open Time: Adjust the open time to align with your asset’s session. For example, set 9:30 AM EST for U.S. stocks. Define Your Risk-Reward Ratio: Choose an RR multiple (e.g., 1:2 or 1:3) that aligns with your risk tolerance and trading goals. Apply Pip Offset: Add a buffer to your SL and TP to account for market volatility and reduce false stops. The Daily Single Trade Indicator simplifies trading by focusing on one high-probability setup per day. It’s perfect for traders looking to maintain consistency, improve risk management, and reduce the stress of overanalyzing the markets. How Alerts Work: Individual Alerts: Set separate notifications for specific actions, such as breakout signals, take-profit levels, or stop-loss activations. Master Alert: Manage all notifications with one streamlined setting, ensuring you never miss an opportunity while keeping your setup simple and efficient. Take control of your trading with a strategy built for clarity, precision, and success!
Pine Script® indicator
by SMRTAlgo
22
Daily Moving Averages on Intraday ChartsThis moving average script displays the chosen 5 daily moving averages on intraday (minute) charts. It automatically adjusts the intervals to show the proper moving averages. In a day there are 375 trading minutes from 9:15 AM to 3:30PM in Indian market. In 5 days there are 1875 minutes. For other markets adjust this data accordingly. If 5DMA is chosen on a five minute chart the moving average will use 375 interval values (1875/5 = 375) of 5minute chart to calculate moving average. Same 5DMA on 25minute chart will use 75 interval values (1875/25 = 75). On a 1minute chart the 5DMA plot will use 1875 interval values to arrive at the moving average. Since tradingview only allows 5000 intervals to lookback, if a particular daily moving average on intraday chart needs more than 5000 candle data it won't be shown. E.g 200DMA on 5minute chart needs 15000 candles data to plot a correct 200DMA line. Anything less than that would give incorrect moving average and hence it won't be shown on the chart. MA crossover for the first two MAs is provided. If you want to use that option, make sure you give the moving averages in the correct order. You can enhance this script and use it in any way you please as long as you make it opensource on TradingView. Feedback and improvement suggestions are welcome. Special thanks to @JohnMuchow for his moving averages script for all timeframes.
Pine Script® indicator
by tgunasekhar
1
Daily Manipulation and Distribution Levels with Buy/Sell SignalsIndicator Summary: This indicator is designed for intraday traders, highlighting key price levels and providing simple buy/sell signals based on price manipulation and distribution concepts. Key Features: Core Levels: Manipulation Plus/Minus: Derived from the daily open and a portion of the daily range (e.g., 25%). Distribution Levels: Daily high and low serve as ultimate targets or resistance/support levels. Buy and Sell Signals: Buy Signal: Triggered when the price crosses above the Manipulation Plus level. A green "BUY" label marks the entry. Sell Signal: Triggered when the price crosses below the Manipulation Minus level. A red "SELL" label marks the entry. Clean Chart Design: Hides unnecessary clutter, showing only relevant key levels and labeled signals for clarity. How to Use: Entry Points: Buy Entry: When a green "BUY" label appears after the price breaks above the Manipulation Plus level. Sell Entry: When a red "SELL" label appears after the price breaks below the Manipulation Minus level. Exit Strategy: Take Profit: Use the Distribution Levels (daily high/low) as take-profit zones. Stop Loss: Set just above/below the Manipulation Levels to manage risk effectively. One to Two Trades per Session: Focus on high-probability moves to ensure clarity and reduce overtrading. Who It’s For: This indicator is ideal for traders seeking a structured and visual approach to intraday trading, with clear entry/exit criteria based on price manipulation and distribution theory. It simplifies decision-making and ensures clean chart setups without overwhelming visuals.
Pine Script® indicator
by alixx220
1