ORB-PreDay_PerM_LevelsThis script provides following levels:
1. ORB Level - You can adjust the timeframe of Opening Range (plots from 9am to 4pm)
2. ORB Fib Extension - 1.618 and 2.618 Fibonacci Extension of ORB High and Low (plots from 9am to 4pm)
3. Previous Day High/Low/Close - You can adjust color/thickness of the lines (plots from two days ago so that you can clearly see the levels)
4. Previous Two Days High/Low (plots from two days ago so that you can clearly see the levels)
5. Pre-Market High/Low (plots from 6:30am to 11am)
All in one indicator gives much better clarity of where current instrument is trading in relation to ORB, Previous Day Levels and Previous Two Days Levels along with Pre Market Levels.
You could combine these levels with your favorite EMA or EMA Cloud to create a trading system.
You could combine these levels with MA Cloud and ATR vs DTR script to gauge the move.
Look at the TWTR Chart today and see how these levels are respected.
Search in scripts for "fib"
ATH [Moto]Hello traders,
This script attempts to inform trading decisions/sentiment via drawdown (percent) from all time high. Any fan of fibonacci should find this useful.
All time high is essentially checked and the script adapts to new/broken all time highs. The plot shapes and signals are based on the candle closes below these common percents from all time high. Use the signals at your own discretion.
Lines and styling are placed at the further extremes of the common % candles. For example, for "Tops", when candles cross under 5% from all time high, and line is made at the candles high, and conversely when a candle crosses above 50% from it's previous all time high a line is placed at its low.
Bar coloring, the % being crossed, and extreme background color are included, as are alerts for each signal.
ATK multiple EMA This indicator Have EMA 9/50/99/200 . You can edit number and I add parabolic SAR And Auto Fib Retracement. if don't want to use you can close
TWS Pivot Points FibsPivot Points with Fibonacci
Day, Week, Month. Year Time Frames
0% to 200%
What is a Pivot Point?
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction.
When the price of an asset is trading above the pivot point , it indicates the day is bullish or positive.
When the price of an asset is trading below the pivot point , it indicates the day is bearish or negative.
The indicator typically includes four additional levels: S1, S2, R1, and R2. These stand for support one and two, and resistance one and two.
Support and resistance one and two may cause reversals, but they may also be used to confirm the trend. For example, if the price is falling and moves below S1, it helps confirm the downtrend and indicate a possible continuation to S2.
All levels are based on Fibonacci
FuzzyInxAuto Fib Extension is a tool that calculates target price levels following a retracement. Extension levels also indicate potential price reversal areas and show possible price levels after a retracement is completed. These levels are based on the key Fibonacci coefficients and the price movement of the symbol on the chart.
[Herif's] Harmonic Patterns ProjectionBullish and bearish 5-point patterns are based on various Fibonacci retracement levels and signify potential reversal zones (PRZ).
As they become 0%-80% complete, the dashed-line pattern will appear, displaying the PRZ and giving you time to prepare for a reversal.
Different combinations of specific fib retracements and extensions result in different patterns, and each is named for identification.
Bullish patterns signify a potential turn to the upside are colored green.
Bearish patterns signify a potential turn to the downside are colored red.
1- Live harmonic patterns which are still in trade with XABCD and ratio with labels.
2- Entry, Stop and Target levels on chart for all patterns.
in Settings:
Error Percent - This is error tollerance for matching pattern ratios. Cannot expect price ratios to be exactly as per books. Hence, adding few error tolerance will help identify patterns better. In this indicator defatult 1%
When there are multiple patterns on chart, Entry, Stop, and Target labels and lines are created with specific distance from each other to provide clarity to the users.
Trailing and Targets
1-Trailing Start Stage - Defines when to start trailing stop-loss. It is recommended to set this value to either Target 1 or Target 2. Disabling the trailing or setting too far away may lead to being in trade on ranging market for too long. This may also result in drawing errors related to distance from current bar.
2- Custom Target Levels - Target and stop levels are set to optimal values based on individual patterns. If you want to override these levels, use the available input option to override targets and chose your custom Target1, Target2, Target3 and Target4
All Pending Patterns you can enable or disable
Classic Patterns : Gartley , Bat, Butterfly , Crab , Deep Crab , Cypher , Shark , Nenstar
Anti Patterns: Anti Nenstar, Anti Shark , Anti Cypher , Anti Crab , Anti Butterfly , Anti Bat, Anti Gartley , Navarro 200
Pending Patterns example here
Fibonacci Muti-MA RibbonWelcome some, welcome small.... This is CryptoFilio, your dark knight in the crypto light - shining down my infinite wisdom upon this wasteland we call the "markets". It's me and you against the machine... so rage, rage, rage against the dying of the night!
DESCRIPTION
This indicator exemplifies the beauty of the sacred Fibonacci sequence.... used by flowers and seashells and the intrepid day trader. Each color in the ribbon represents an MA of a specific FIB lookback period. This naturally makes the ribbon front weighted, giving recent price action greater importance than older price action. The undulating curls of the ribbon allow a trader to see key convergences and divergences. The ribbon often narrows before a major price movement.
The background is lightly colored to indicate when one average of MA's crosses the other average (1+2+3+4+5) crosses (6+7+8+9+10). Like a standard MA cross, but a little more sophisticated.
The most visually pleasing is SMMA-RMA, but the more effective in anticipating the market is EMA and HMA.
USAGE
Visualizing convergence and divergence as the ribbon widens with sudden price movement and narrows during consolidation
Visualizing general trends as the flipping over of the ribbon represents a general trend change
Setting possible entry and exit points through the width and direction of the ribbon
VARIATIONS
You can select many types of MA's, such as SMA,EMA,HMA,VWMA... and a couple of others. The most effective seem to be EMA,HMA, and VWMA
SUGGESTIONS
Let me know if you'd like some other features added to this indicator, such as additional MA's or something else. I can also customize it for a specific application.
[UPRIGHT Trading] Top & Bottom Finder [Premium]Hello Traders,
Today I'm releasing an updated version of my previous Top & Bottom Finder (M.Right_Top & Bottom Finder 1.0).
The timing of this release couldn't be more perfect with everyone trying to 'find the bottom'. And the increased volatility that we've been seeing as of late.
Essentially, my indicator uses volatility and standard deviations among other things to assist you in finding the top or bottom of trends. You may also notice that it uses a lot of different strength indicators to provide an additional layer of complexity and confirmation.
Not just an RSI, but an RSI ema, smoothed OBV RSI's, and other volume RSI's. This is a truly unique and powerful tool for any Trader - whether you've just started or you've been trading for 20 years, I'm confident you will find value in the UPRIGHT Trading Top & Bottom Finder.
How to use it:
When it detects the trend Bottoming or Topping the histogram will change color. Bottom - Green/blue, Top - Red, (different shades of colors for different types of detection).
I've spent several hours tweaking the calculations and filters to enhance the accuracy, so this will be a noticeable upgrade from my original Top & Bottom Finder.
The length of the histogram bar can be an indication in itself, especially when it lines up close to one of the plotted lines and has noticeable direction change following this.
I've added a lot of text and pictures to help display it's capabilities, features, and customizability.
As always, it's fully customizable with alerts. Can toggle any thing on or off, and change the colors to suit your style.
3 Unique RSI's, different colors on the histogram will show different levels of detection. Some are more accurate in some timeframes than others. Bright Green and Bright Red are the most different from the rest.
I've jam-packed this indicator with Buy/Sell and Confirmation Signals and even background highlights (with colors that can mesh together). Feel free to find what works best for you.
RSI color indications and background highlights aid in confirmation. Also, as mentioned previously, sometimes a gray bar will land on a Fib and it will be a bottom signal.
The above chart should look like this
Good luck Traders,
Cheers,
Mike
(UPRIGHT Trading)
Volume Adaptive Bollinger Bands (MZ VABB)This indicator is a functional enhancement to John Bollinger's Bollinger Bands. I've used Volume to adapt dynamic length which is used in basis (middle line) of Bollinger Bands and Simple Moving Average is replaced with Adaptive Ehlers Deviation Scaled Moving Average ( AEDSMA ).
BOLLINGER BANDS BASIC USAGE AND LIMITATIONS
Bollinger bands are popular among traders because of their simple way to detect volatility in market and redefine support and resistance accordingly. These are some basic usages of original Bollinger Bands:
Most commonly Bollinger Band works on 20 period Simple Moving Average as Basis / Middle Line and standard deviation of 2 for volatility detection.
Upper and lower bands can act as support and resistance which accordingly update with standard deviation of same period as of Simple Moving Average.
As upper and lower bands act as volatility measure which benefits in Squeeze detection and breakout trading.
Among all the usages there are some limitations as follows:
Original Bollinger Bands use 20 period Simple Moving Average as Basis which itself restricted to some number of data pints and if market moves in one direction or simply goes sideways for long time; candles can stay on either bands for long time. This gives benefit for staying in directional trade but will completely nullify the use of both bands as support and resistance.
Above point simply be explained as markets can stay overbought / oversold for long time and one way to make Bollinger Bands more useful is to simply use higher periods in SMA but as we know with higher periods SMA becomes more laggy and less adaptive.
Most traders use BBs alongside some other Volume Oscillator for example "On Balance Volume" but that does solve BBs limitations issue that it should be more adaptive to detect volatility in market.
VOLUME ADAPTIVE BOLLINGER BAND WORKING PRINCIPLE
Best way to make original Bollinger band more adaptive was to just use dynamic length instead on constant 20 period. This dynamic length had to be based on some other powerful parameter which can't be volatility as BB itself is a volatility indicator and adapting its length based volatility would have been superimposing volatility on Bollinger bands giving unrealistic results.
For adaptive length, I tried using Volume and for this purpose I used my Relative Volume Strength Index " RVSI " indicator. RVSI is the best way to detect if Volume is going for a breakout or not and based on that indication length of Bollinger Band Basis Moving Average changes.
RVSI breaking above provided value would indicate Volume breakout and hence dynamic length would accordingly make Bollinger band basis moving average more over fitted and similarly standard deviation of achieved dynamic length would give better bands for support and resistance. Similar case would happen if Volume goes down and dynamic length becomes more underfit.
According to my back testing studies I found that Simple Moving Average wasn't the best choice for dynamic length usage in Bollinger Band Basis. So, I used Adaptive Ehlers Deviation Scaled Moving Average ( AEDSMA ) which is more adaptive and already modified to adapt with RVSI.
SLOPE USAGE FOR TREND STRENGTH DETCTION
Volume Adaptive Bollinger Bands are more reactive to market trends so, I used slope for trend strength detection.
If slope of Volume Adaptive Bollinger Band Basis (i.e. AEDSMA ), Upper and Lower Bands is supporting a trend at same time then script will provide signal in that direction. That signal can also use Volume as confirmation if Bollinger Bands trend direction is supported by Volume or not.
DYNAMIC COLORS AND TREND CORRELATION
I’ve used dynamic coloring in Basis ( AEDSMA ) to identify trends with more detail which are as follows:
Lime Color: Slope supported Strong Uptrend also supported by Volume and Volatility or whatever you’ve chosen from both of them.
Fuchsia Color: Weak uptrend only supported by Slope or whatever you’ve selected.
Red Color: Slope supported Strong Downtrend also supported by Volume and Volatility or whatever you’ve chosen from both of them.
Grey Color: Weak Downtrend only supported by Slope or whatever you’ve selected.
Yellow Color: Possible reversal indication by Slope if enabled. Market is either sideways, consolidating or showing choppiness during that period.
SIGNALS
Green Circle: Market good for long with support of Volume and Volatility or whatever you’ve chosen from both of them.
Red Circle: Market good to short with support from Volume and Volatility or whatever you’ve chosen from both of them.
Flag: Market either touched upper or lower band and can act as good TP and warning for reversal.
FIBONACCI BANDS
I’ve included Fibonacci multiple bands which would act as good support/resistance zones. For example, 0.618 Fib level act as good local support and resistance in both upper and lower zones. Fibonacci values can be modified but should be lower than 1.
DEFAULT SETTINGS
I’ve set default Minimum length to 50 and Maximum length to 100 which I’ve found works best for almost all timeframes but you can change this delta to adapt your timeframe accordingly with more precision.
Dynamic length adoption is enabled based on Volume only but volatility can be selected which is already explained above.
Trend signals are enabled based on Slope and Volume but Volatility can be enabled for more precise confirmations.
In “ RVSI ” settings "Klinger Volume Oscillator" is set to default but others work good too especially Volume Zone Oscillator. For more details about Volume Breakout you can check “MZ RVSI Indicator".
ATR breakout is set to be positive if period 14 exceeds period 46 but can be changed if more adaption with volatility is required.
EDSMA super smoother filter length is set to 20 which can be increased to 50 or more for better smoothing but this will also change slope results accordingly.
EDSMA super smoother filter poles are set to 2 because found better results with 2 instead of 3.
FURTHER ENHANCEMENTS
So far, I've achieved better results with "Klinger Volume Oscillator" in RVSI but TFS Volume Oscillator and On Balance Volume can be used which would change dynamic length differently. It doesn't mean that results would be wrong with some oscillator and precise with others but every oscillator works in its specific way for and RVSI just detect strength of Volume based on provided oscillator.
SmartProfit - Trend Indicator (Main Version) - RUSmartProfit - Trend Indicator (Main Version) detects trend direction and gives trading signals for Short and Long positions.
You can use "SmartProdit - Trend Indicator" for any timeframe, from daily, 4h, to fewer ones, even minute timeframe.
We recommend using those timeframes:
4h. and 3h. - for swing trading
15min. и 30min. - for scalping
"SmartProfit - Trend Indicator" features:
1. Sell and Buy signals ( For setup, we have three parameters: HB, sensitivity, and stop )
2. TakeProfit values for Long and Short signals ( Prices for profit fixing )
3. Profit table ( Show profit of current indicator settings for chosen time range )
4. Current position table ( Show data for the current position in real-time. At this table you have all that you need to enter the position )
5. Trend lines ( Draw Global and local trend lines. )
6. Fibonacci levels ( Automatically draw global and local Fibonacci levels )
7. Fibonacci channel ( Automatically draw global and local Fibonacci channels )
8. Auto setting - sorts out more than 6000 variants of settings at one loop and gives the best one.
For best results, you should set up an indicator for each trading pair. For setup, we have three parameters: HB, sensitivity, and stop. We have an additional feature for auto setting, which sorts out more than 6000 variants of settings at one loop and give the best one.
For work with indicators we made 3 strategies:
First - we enter the position after the signal is approved. Close and reenter to position with approved signal for another side.
Second and third - the same, we enter the position after the signal is approved, but we use TakeProfit and StopLoss values to fix the position.
"SmartProdit - Trend Indicator" определяет направления тренда и дает торговые сигналы для входа в Короткую или Длинную позицию.
Индикатор позволяет торговать на любых Таймфреймах , как на дневных, так и на более мелких временных интервалах, вплоть до минутных.
Мы рекомендуем использовать Таймфреймы:
4ч. или 3ч. - для Свинг-торговли
15мин. и 30мин. - для Скальпинга
Подробнее о функционале индикатора SmartProfit:
1. Сигналы Покупки или Продажи ( Для настройки используется уникальные параметры HB и Чувствительность )
2. Значения TakeProfit для Long и Short сигналов ( Зоны фиксации прибыли )
3. Таблица прибыльности ( Отображает прибыльность текущей настройки на выбранном интервале времени )
4. Таблица Текущей позиции ( Показывает текущую позицию в режиме реального времени - в ней есть всё, что нужно для входа в позицию )
5. Трендовые линии ( Рисует как Глобальные, так и локальные трендовые линии, в зависимости от настроек )
6. Уровни Фибоначчи ( Автоматически строит уровни Фибоначчи, как Глобальные так и Локальные )
7. Каналы по Фибоначчи ( Автоматически строит каналы по Фибоначчи, как Глобальные так и Локальные )
8. Автоподсчет всех настроек индикатора - автоматически делает подбор более 6000 вариаций настроек за раз и выдаёт лучшие под каждый актив. Вам не надо тратить недели и месяцы чтобы вручную подбирать настройки, наш инструмент подберет лучшие настройки для Вас.
Для более лучших результатов, для каждого актива индикатор настраивается отдельно !
Для настройки индикатора используются три Уникальных параметра:
HB, Чувствительность, Стоп.
Для работы с индикатором разработаны три стратегии:
Первая - мы входим в позицию при закреплении сигнала и переворачиваемся (то есть выходим из позиции и заходим в противоположную сторону) по обратному сигналу.
По 2-ой и 3-ей стратегии мы также входим после закрепления сигнала, но для фиксации прибыли используем зоны TakeProfit, указанные индикатором.
Подробнее о всех возможностях стратегий, а также настройке и работе с индикатором, вы узнаете из нашей инструкции, которую выдаем персонально.
Fibbs EMAFibbonaci EMA for Price action. You attach this to your grapg and you get a string of 7 EMAs, with default values set to the most important numbers according to the fib ratio
Stochastic RSI rainbow in fibonacci sequence using VWMAThe standard stochastic RSI gives limited information as it only contains two reference lines. This Stochastic RSI rainbow contains more lines in shorter timeframes and progressively fewer as the reference time increase. This is done in a FIB sequence 2,3,8,13,21,34,55.... The shorter timeframes are more reactive to current market conditions indicating recent price action and the longer lines represent more significant periods of time. The indicator uses VWMA for its calculations (volume weighted moving average)
HOW TO USE THIS INDICATOR:
When multiple lines are above, either 70 or 80, you can consider the commodity overbought, or OB. The more lines that are above the threshhold, the more significant the signal. The same is true in inverse. In addition, you can use each cross to signify a buy/sell signal according to the type and quantity of trading you are doing. If you are looking to get in and out quickly you can use the lower timeframe signals.
OPTIONS:
You can change what data is used for the VWMA calculation... Of course, you can select colors and other properties as well.
OJLJ Elliott Waves detector (Free)This script is made to identify Elliot Waves by setting a zigzag line as principal source, it identifies patterns with the most common rules, in the chart you will see a number in each wave detected, a wave could have the characteristics to be two different waves so it will be plotted the options that could be, To identify which one is most trustable I suggest to use the Fibonacci levels options as an additional note this is a free update to my existing script.
Features:
+ All waves ? (Option to show just the 5 Wave patterns recognition)
+ Draw zigzag line (Option to show the zigzag line)
+ Supports Multiple instruments, from FOREX to Stocks
+ It works on all the timeframes
+ Show Fib levels (Option to show the Fibonacci levels)
+ Fibonacci levels fit test (Green crosses mark were should a Bull wave be to fit with a Fibonacci Level While the purple crosses show were should the wave fit to be a bear trend, the more closer with the point of the wave the most trustable Example, a 5 Wave Bull could also be a 2 Bear Wave, if the green cross is closer to the orange point of the wave then is a 5 Wave Bull, if the purple cross is closer to the orange point)
+ A background color also show when a 5 pattern is identified
+ The way to plot the zigzag can be changed with 3 Input options
Characteristics to add in future updates (Please if you like it you can support me with coins):
+ Detect more than 1 cycle at the same time
+ Use a volume indicator to identify how many volume was traded in each wave
+ Implement the use of the EWO ( Elliot Wave Oscillator)
+ Improve the display
+ Identify ABC patterns
+ Add triangles and Zigzag formations
TSI in Dynamic Zones with Divergence and Pivot PointsTrue Strength Index , or TSI is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the TSI oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, General Trendlines , Fib Retracements etc. Your chart is approaching a very important Resistance Trendline but the TSI shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed through and becomes Support in the future.
What are those circles?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are those triangles?
- These are Pivots . They show when the TSI oscillator might reverse, this is important to know because many times the price action follows this move.
What are these blue or orange areas?
- Those are dynamic zones. For the analysis of the TSI its important to know if the indicator is in a state of oversold or overbought to filter out ranging price movement. Normally those zones are static, in this version of the TSI oscillator dynamic zones were added to show a dynamic calculation whether the TSI oscillator is oversold, overbought or ranging.
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
FaizanN Official WaveTrend Price Action Commercial PINEV4Hello Traders,
Here i bring you my first Price Action WaveTrend based Indictor combined with fib entry and exit trailing levels with minimum risk and maximum profit , as we must have seen at times as we enter the trend reverse and hits our stoploss . Keeping that in mind as i too struggled and made losses so i decided and focused more on minimizing the loss and only on confirmation Long or Short trade is been initiated along with Stoploss as explaned in the images below , why should we give market our money ;) as we are here to make money :D .. There is no holy grail as Stop loss wont be hit but yes it will be way less and all alerts are based on candle close ... One can use this on any chart and any timeframe and its very good for scalping too . Better results are on 15m and above . Hope you guys will like it and comment if you have any doubts..
-----------------
Disclaimer
Copyright by FaizanNawazz.
The information contained in my scripts/indicators/strategies/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators are only for educational purposes!
Happy Trading!
Trading sessions, Ichimoku and Classic Pivots█ OVERVIEW
This a self contained intraday trading style for crypto/forex made to be on and traded on 15-min.
This Script Creates a box around each major session to a trading range, include highlights for the first 12 15-min candles, classic Pivot points and ichimoku cloud.
█ CONCEPTS
1 — Session boxes and ranges are based of the times from Steve from Beat the market maker, and you have the option in setting to have an extension for the high/low until the start of the next box calculation.
2 — 12 candle window, this marks the first 3 hours after a open;
The first hour - stop hunt
The second hour - big moves
The third hour - tend continuation or reversal
3 — The Days of the weeks are labelled and coloured;
Weekends are in grey, ideally no trade days.
Monday, Tuesday, Thursday are green, to mark the week days
Wednesday is red to be mindful of mid week reversal
Friday is red to mark the end of week
4 — Ichimoku cloud, by default the only thing visible is the kumo cloud, but in setting you can turn the line back on. Ichimoku proves a great mark for areas to look for support and resistances.
5 — Lastly, you have classic pivots, by default they are extend to the right and on weekly, Each level act as support and resistance. Look for Bullish momentum at R3 for a larger moves to the upside.
Ichimoku and the pivot are here mainly for when you want to do higher time frame analysis.
█ OTHER SECTIONS
• HOW TO USE
Example of a trade
**Key thing to remember is London will set the high in a down trend and the low in an up trend
you can see the first hour look for stops and stopped at 50% of the range set coming into the session, the second hour a big move to the down side hitting 200% expansion then the third hour reversal stopping wick up then
back down from from London low. before continuing down.
• LIMITATIONS: I have not test this on Stock, as I have a different strategies for those market
• NOTES : I know a lot of people have moving averages on their chart, I have another separate one with all MA types, and it something that will not fit into one script, Other things you can add with this Bollinger bands, and
fib tool with 50%, 100%, 150% and 200%
Realtime 5D Profile [LucF]█ OVERVIEW
This indicator displays a realtime profile that can be configured to visualize five dimensions: volume, price, time, activity and age. For each price level in a bar or timeframe, you can display total or delta volume or ticks. The tick count measures activity on a level. The thickness of each level's line indicates its age, which helps you identify the most recent levels.
█ WARNING
The indicator only works in real time. Contrary to TradingView's line of volume profile indicators , it does not show anything on historical bars or closed markets, and it cannot display volume information if none exists for the data feed the chart is using. A realtime indicator such as this one only displays information accumulated while it is running on a chart. The information it calculates cannot be saved on charts, nor can it be recalculated from historical bars. If you refresh the chart, or the script must re-execute for some reason, as when you change inputs, the accumulated information will be lost.
Because "Realtime 5D Profile" requires time to accumulate information on the chart, it will be most useful to traders working on small timeframes who trade only one instrument and do not frequently change their chart's symbol or timeframe. Traders working on higher timeframes or constantly changing charts will be better served by TradingView's volume profiles. Before using this indicator, please see the "Limitations" section further down for other important information.
█ HOW TO USE IT
Load the indicator on an active chart (see here if you don't know how).
The default configuration displays:
• A double-sided volume profile showing at what price levels activity has occurred.
• The left side shows "down" volume, the right side shows "up" volume.
• The value corresponding to each level is displayed.
• The width of lines reflects their relative value.
• The thickness of lines reflects their age. Four thicknesses are used, with the thicker lines being the most recent.
• The total value of down/up values for the profile appears at the top.
To understand how to use profiles in your trading, please research the subject. Searches on "volume profile" or "market profile" will yield many useful results. I provide you with tools — I do not teach trading. To understand more about this indicator, read on. If you choose not to do so, please don't ask me to answer questions that are already answered here, nor to make videos; I don't.
█ CONCEPTS
Delta calculations
Volume is slotted in up or down slots depending on whether the price of each new chart update is higher or lower than the previous update's price. When price does not move between chart updates, the last known direction is used. In a perfect world, Pine scripts would have access to bid and ask levels, as this would allow us to know for sure if market orders are being filled on upticks (at the ask) or downticks (at the bid). Comparing the price of successive chart updates provides the most precise way to calculate volume delta on TradingView, but it is still a compromise. Order books are in constant movement; in some cases, order cancellations can cause sudden movements of both the bid and ask levels such that the next chart update can occur on an uptick at a lower price than the previous one (or vice versa). While this update's volume should be slotted in the up slot because a buy market order was filled, it will erroneously be slotted in the down slot because the price of the chart's update is lower than that of the previous one. Luckily, these conditions are relatively rare, so they should not adversely affect calculations.
Levels
A profile is a tool that displays information organized by price levels. You can select the maximum quantity of levels this indicator displays by using the script's "Levels" input. If the profile's height is small enough for level increments to be less than the symbol's tick size, a smaller quantity of levels is used until the profile's height grows sufficiently to allow your specified quantity of levels to be displayed. The exact position of levels is not tethered to the symbol's tick increments. Activity for one level is that which happens on either side of the level, halfway between its higher or lower levels. The lowest/highest levels in the profile thus appear higher/lower than the profile's low/high limits, which are determined by the lowest/highest points reached by price during the profile's life.
Level Values and Length
The profile's vertical structure is dynamic. As the profile's height changes with the price range, it is rebalanced and the price points of its levels may be recalculated. When this happens, past updates will be redistributed among the new profile's levels, and the level values may thus change. The new levels where updates are slotted will of course always be near past ones, but keep this fluidity in mind when watching level values evolve.
The profile's horizontal structure is also dynamic. The maximum length of level lines is controlled by the "Maximum line length" input value. This maximum length is always used for the largest level value in the profile, and the length of other levels is determined by their value relative to that maximum.
Updates vs Ticks
Strictly speaking, a tick is the record of a transaction between two parties. On TradingView, these are detected on seconds charts. On other charts, ticks are aggregated to form a chart update . I use the broader "update" term when it names both events. Note that, confusingly, tick is also used to name an instrument's minimal price increment.
Volume Quality
If you use volume, it's important to understand its nature and quality, as it varies with sectors and instruments. My Volume X-ray indicator is one way you can appraise the quality of an instrument's intraday volume.
█ FEATURES
Double-Sided Profiles
When you choose one of the first two configuration selections in the "Configuration" field's dropdown menu, you are asking the indicator to display a double-sided profile, i.e., where the down values appear on the left and the up ones on the right. In this mode, the formatting options in the top section of inputs apply to both sides of the profile.
Single-Sided Profiles
The six other selections down the "Configuration" field's dropdown menu select single-sided profiles, where one side aggregates the up/down values for either volume or ticks. In this mode, the formatting options in the top section of inputs apply to the left profile. The ones in the following "Right format" section apply to the right profile.
Calculation Mode
The "Calculation" input field allows the selection of one of two modes which applies to single-sided profiles only. Values can represent the simple total of volume or ticks at each level, or their delta. The mode has no effect when a double-sided profile is used because then, the total is represented by the sum of the left and right sides. Note that when totals are selected, all levels appear in the up color.
Age
The age of each level is always displayed as one of four line thicknesses. Thicker lines are used for the youngest levels. The age of levels is determined by averaging the times of the updates composing that level. When viewing double-sided profiles, the age of each side is calculated independently, which entails you can have a down level on the left side of the profile appear thinner than its corresponding up side level line on the right side because the updates composing the up side are more recent. When calculating the age of single-sided profiles, the age of the up/down values aggregated to calculate the side are averaged. Since they may be different, the averaged level ages will not be as responsive as when using a double-sided profile configuration, where the age of levels on each side is calculated independently and follows price action more closely. Moreover, when displaying two single-sided profiles (volume on one side and ticks on the other), the age of both sides will match because they are calculated from the same realtime updates.
Profile Resets
The profile can reset on timeframes or trend changes. The usual timeframe selections are available, including the chart's, in which case the profile will reset on each new chart bar. One of two trend detection logics can be used: Supertrend or the one used by LazyBear in his Weis Wave indicator . Settings for the trend logics are in the bottommost section of the inputs, where you can also control the display of trend changes and states. Note that the "Timeframe" field's setting also applies to the trend detection mechanism. Whatever the timeframe used for trend detection, its logic will not repaint.
Format
Formatting a profile for charts is often a challenge for traders, and this one is no exception. Varying zoom factors on your chart and the frequency of profile resets will require different profile formats. You can achieve a reasonable variety of effects by playing with the following input fields:
• "Resets on" controls how frequently new profiles are drawn. Spacing out profiles between bars can help make them more usable.
• "Levels" determines the maximum quantity of levels displayed.
• "Offset" allows you to shift the profile horizontally.
• "Profile size" affects the global size of the profile.
• Another "Size" field provides control over the size of the totals displayed above the profile.
• "Maximum line length" controls how far away from the center of the bar the lines will stretch left and right.
Colors
The color and brightness of levels and totals always allows you to determine the winning side between up and down values. On double-sided profiles, each side is always of one color, since the left side is down values and the right side, up values. However, the losing side is colored with half its brightness, so the emphasis is put on the winning side. When there is no winner, the toned-down version of each color is used for both sides. Single-sided profiles use the up and down colors in full brightness on the same side. Which one is used reflects the winning side.
Candles
The indicator can color candle bodies and borders independently. If you choose to do so, you may want to disable the chart's bars by using the eye icon near the symbol's name.
Tooltips
A tooltip showing the value of each level is available. If they do not appear when hovering over levels, select the indicator by clicking on its chart name. This should get the tooltips working.
Data Window
As usual, I provide key values in the Data Window, so you can track them. If you compare total realtime volumes for the profile and the built-in "Volume" indicator, you may see variations at some points. They are due to the different mechanisms running each program. In my experience, the values from the built-in don't always update as often as those of the profile, but they eventually catch up.
█ LIMITATIONS
• The levels do not appear exactly at the position they are calculated. They are positioned slightly lower than their actual price levels.
• Drawing a 20-level double-sided profile with totals requires 42 labels. The script will only display the last 500 labels,
so the number of levels you choose affects how many past profiles will remain visible.
• The script is quite taxing, which will sometimes make the chart's tab less responsive.
• When you first load the indicator on a chart, it will begin calculating from that moment; it will not take into account prior chart activity.
• If you let the script run long enough when using profile reset criteria that make profiles last for a long time, the script will eventually run out of memory,
as it will be tracking unmanageable amounts of chart updates. I don't know the exact quantity of updates that will cause this,
but the script can handle upwards of 60K updates per profile, which should last 1D except on the most active markets. You can follow the number of updates in the Data Window.
• The indicator's nature makes it more useful at very small timeframes, typically in the sub 15min realm.
• The Weis Wave trend detection used here has nothing to do with how David Weis detects trend changes.
LazyBear's version was a port of a port, so we are a few generations removed from the Weis technique, which uses reversals by a price unit.
I believe the version used here is useful nonetheless because it complements Supertrend rather well.
█ NOTES
The aggregated view that volume and tick profiles calculate for traders is a good example of one of the most useful things software can do for traders: look at things from a methodical, mathematical perspective, and present results in a meaningful way. Profiles are powerful because, if the volume data they use is of good enough quality, they tell us what levels are important for traders, regardless of the nature or rationality of the methods traders have used to determine those levels. Profiles don't care whether traders use the news, fundamentals, Fib numbers, pivots, or the phases of the moon to find "their" levels. They don't attempt to forecast or explain markets. They show us real stuff containing zero uncertainty, i.e., what HAS happened. I like this.
The indicator's "VPAA" chart name represents four of the five dimensions the indicator displays: volume, price, activity and age. The time dimension is implied by the fact it's a profile — and I couldn't find a proper place for a "T" in there )
I have not included alerts in the script. I may do so in the future.
For the moment, I have no plans to write a profile indicator that works on historical bars. TradingView's volume profiles already do that, and they run much faster than Pine versions could, so I don't see the point in spending efforts on a poor ersatz.
For Pine Coders
• The script uses labels that draw varying quantities of characters to break the limitation constraining other Pine plots/lines to bar boundaries.
• The code's structure was optimized for performance. When it was feasible, global arrays, "input" and other variables were used from functions,
sacrificing function readability and portability for speed. Code was also repeated in some places, to avoid the overhead of frequent function calls in high-traffic areas.
• I wrote my script using the revised recommendations in the Style Guide from the Pine v5 User Manual.
█ THANKS
• To Duyck for his function that sorts an array while keeping it in synch with another array.
The `sortTwoArrays()` function in my script is derived from the Pine Wizard 's code.
• To the one and only Maestro, RicardoSantos , the creative volcano who worked hard to write a function to produce fixed-width, figure space-padded numeric values.
A change in design made the function unnecessary in this script, but I am grateful to you nonetheless.
• To midtownskr8guy , another Pine Wizard who is also a wizard with colors. I use the colors from his Pine Color Magic and Chart Theme Simulator constantly.
• Finally, thanks to users of my earlier "Delta Volume" scripts. Comments and discussions with them encouraged me to persist in figuring out how to achieve what this indicator does.
[pp] Fib AlertsUsing the new input.price() function we can now automate our fibonacci tools a little better.
This tool is designed with the intention of trading off of a fibonacci level using alerts.
How to use:
1.Add the indicator to your chart.
2. Place the bottom price where you would normally start your fibonnaci drawing
3. Place the top price where you would normally end your fibonacci drawing
4. Set your alert syntax "buy alert message" and "sell alert message" Should be replaced with webhook configurations or something better.
5. Fibonacci values > 1 (ie. 0.382, 0.5, 0.618) are recognized as retracements and work well as buying opportunities. When the price crosses one of these levels the "buy alert message" alert will be immediately triggered ONCE per BAR (I may update this in the future so it can only trigger ONCE ever to avoid multiple orders)
6. Fibonacci values < 1 (ie . -0.113, -0.27) are recognized as extensions levels and work well as selling opportunities. When the price crosses one of these levels the "Sell alert message" alert will be triggered.
If anyone knows how to convert the fibonacci values to logarithmic values I would greatly appreciate insight.
Opening Range FibonaccisThis indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST)
The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of further movement.
The Fibonacci levels are set such that the opening range high/low fall on the +/-0.5 fib. This creates an "extended range" outside of the opening range that may be useful during breakouts.
Ultimate Bullish Divergence for RSI OBV RVSI MFI w/ Buy AlertsThis Indicator detects Divergence based on multiple Pivot points instead of just one.
- You can detect divergence on these Oscillators:
- RSI, RVSI, MFI, TRIX RSI, OBV and more soon
You can detect bullish and hidden bullish divergence:
- bullish divergence: Oscillator makes a higher low while price is making a lower low
- hidden bullish divergence: Oscillator makes a lower low while price is making a higher low
ranges where it should look for Divergence:
- To reduce false positives you are able to define and combine the following ranges:
- Manual Ranges: you’re able to type in the ranges that you came up with your manual technical analysis
- Auto Fib Ranges: option to only look for divergence below/above/within multiple Fibonacci levels
- Oversold limit: option to only look for divergence below a certain Oscillator Level
- EMA Ranges: Only look for divergence if below/above/within certain EMA's
- VWAP Ranges: option to only look for divergence below/above/within VWAP levels
Multiple options of waiting for confirmation:
- Waiting for X candle closes
- Wait for a price bounce
- Wait for an Oscillator to Oscillator EMA cross
- Wait for EMA cross (coming soon)
Volume Price Trend with Divergence and Pivot Points The volume price trend indicator is used to determine the balance between a security’s demand and supply. The percentage change in the share price trend shows the relative supply or demand of a particular security, while volume indicates the force behind the trend. The VPT indicator is similar to the on-balance volume (OBV) indicator in that it measures cumulative volume and provides traders with information about a security’s money flow.
This is Volume Price Trend or VPT recalculated to be an Oscillator, a Divergence hunter was added, also Pivot Points and Alerts.
VPT is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the VPT oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, general Trendlines , Fib Retracements etc...Your chart is approaching a very important Resistance Trendline but the VPT shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed though and becomes Support in the future.
What are those circles?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are those triangles?
- These are Pivots . They show when the VPT oscillator might reverse, this is important to know because many times the price action follows this move.
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
ORB with Shorty Targets
The ORBS indicator study utilizes the theory of an Opening Range Breakout occurring on a security. The indicator uses data collected from the first thirty minute session of the trading day to create fibonacci retracements at specific positions. The 'session' high and low are derived from the first thirty minutes and used as a basis to plot these values. Fibonacci retracement lines are plotted at key positions above and below the high/low values pulled during the opening 'session'. These fibonacci retracement lines are plotted at: 0 (ORB high); 1.272; 1.618; 2.00; 2.175; 2.618; and 3.236. Levels in-between these values are known as 'ranges'. Upper lines are shown green in color and indicate key levels at which the price may react within the market. No guarantees are given nor implied - ORBs is simply a tool to help plot out key fibonacci levels at specific levels accurately and completely.
This will only work on 3min or 5mins and it is intended for intraday trading only.
ORH - opening range high
ORL - opening range low
OR50% - mid between ORH and ORL aka 50% fib
The way i use ORBS:
1. ORH break - i go long on 3min or 5 min close above ORH. I use heiken-ashi candles.
2. ORL breal - i will short on 3min or 5 min close below ORL
3. Double bottoms on reclaims of ORL - i will go long with SL being the ORL
4. Double tops on ORH considering market is weak i will short with SL being the ORH
Trendbar:
Trendbar use combo of CCI and ATR to help figure out the trend the stock is in. Stock moving below the trendbar indicates it is loosing the trend dependent on what time-frame you are using it.
Pivots:
Shorty Pivots are a collection of daily/weekly/ monthly pivots indicator that allows for plotting a daily, weekly, and monthly line on a chart. The values are pulled from the three separate resolutions (daily, weekly, and monthly), and shown on the chart each day. Calculations pulled from each respective high/low/close (divided by 3.0) for the session values.
Settings:
Show Daily/Weekly/Monthly Pivot - Shows/Hides each respective pivot .
Pivot Colors - Change the color of each pivot .
Pivot Width - Line width of the plotted pivot .
Line Style - Choose Solid, Dashed, or Dotted to view different styled lines.
Label Text Color - Choose the label text color if it clashes with your chosen line color(s).
Extend Pivot Lines to Right Offset: This allws you to extend each pivot line to the right by an offset of X bars.
Day Session Timeframe - Ignore this setting.
Pivot Adjustment Timeframe - Ignore this setting.
