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Sessions & ORB Pro | Bifrost InstituteSessions & ORB Pro | BI Professional Session Analysis and Opening Range Breakout Tracker This advanced indicator provides comprehensive session tracking and Opening Range Breakout (ORB) analysis across multiple global trading sessions. Designed for intraday traders, this tool helps identify key support and resistance levels, session volatility patterns, and potential breakout opportunities. Overview Session-based trading is crucial for understanding market behavior, as different global sessions (US, European, Asian) exhibit distinct characteristics in terms of volatility, volume, and price action. This indicator allows traders to: Identify Session Highs and Lows: Track the boundaries of each trading session to spot key support/resistance levels Monitor Opening Range Breakouts: Capture the first 5, 15, or 30 minutes of major exchange openings to identify early directional bias Analyze Multi-Session Patterns: View up to 4 concurrent or sequential sessions with full historical data Customize Visual Analysis: Tailor colors, styles, and overlays for each session independently Key Features Multi-Session Support Configure up to 4 independent trading sessions (US, Europe, Asia, Custom) Fully customizable session times with timezone support (UTC offset, Chart timezone, or Exchange timezone) Daylight Savings Time adjustment for accurate session timing Session range boxes with adjustable transparency and outline styles Historical session tracking (1-20 previous sessions) Opening Range Breakout (ORB) Track Opening Range for major exchanges: NYSE, LSE, TSE, TSX, ASX, HKEX, SSE Configurable ORB periods: 5-minute, 15-minute, or 30-minute ranges Visual ORB boxes with customizable colors and outline styles ORB High/Low lines with optional extension beyond session close Individual color control for each session's ORB Session Analytics Session High/Low: Horizontal lines marking the session's price extremes Trendline: Linear regression trendline showing session directional bias Mean: Session average price for mean reversion analysis VWAP: Volume-weighted average price for institutional level analysis Range Boxes: Visual representation of each session's price range Advanced Customization Individual Color Pickers: Set unique colors for each overlay type per session Line Styles: Choose between Solid, Dashed, or Dotted for all line types Label Options: Customize labels to show Date (d/M), Day of Week (ddd), and/or Price Extend Options: Extend Session H/L and ORB lines beyond current bar Outline Styles: Independent control of Range and ORB outline appearance Information Dashboard Optional real-time dashboard displaying: Session Status: Open/Closed indicator for each session Trend: R² correlation coefficient showing directional strength Volume: Cumulative session volume σ (Sigma): Session standard deviation for volatility analysis Range: Session High, Low, and Range in points ORB: Opening Range High, Low, and Range in points Dashboard is fully customizable with toggleable columns and adjustable size/position. Flexible Configuration Time Zone Management: Three modes for precise session timing Historical Display: Show/hide previous sessions for cleaner charts Label Customization: Independent label size and content options for Session H/L vs ORB Range Settings: Adjustable transparency, outlines, and label positioning Use Cases Session Traders: Identify when specific markets are most active and volatile ORB Traders: Capture early session momentum and breakout opportunities Support/Resistance: Use session highs/lows as key price levels VWAP Strategies: Track institutional activity through session VWAP Multi-Market Analysis: Monitor overlap between global trading sessions Default Configuration The indicator comes pre-configured with US (NYSE), Europe (LSE), and Asia (TSE) sessions, making it immediately useful for forex, indices, and global equity traders. Session D is available for custom session requirements. Perfect for day traders, scalpers, and swing traders who rely on session-based analysis and institutional order flow.
Pine Script® indicator
by atomicharri
[INVX] Trading Range Trading Range The “ Trading Range” indicator visualizes short-term price ranges (typically 1–2 days) based on statistical percentiles of high and low prices relative to the previous day’s close. It provides a clear view of potential support and resistance zones and includes optional EMA overlays for trend context. Concept & Calculation Uses the previous daily close as a reference point. Calculates percentile-based levels for highs and lows over a configurable lookback period. Plots two resistance zones and two support zones as shaded areas. Includes up to 3 optional EMA lines for trend visualization. Trading range zones are designed for daily-based calculations. If the indicator is applied to a chart timeframe larger than 1 day (e.g., weekly, monthly), the trading range zones will not be displayed. Key Features Short-Term Trading Range: Displays zones that reflect short-term price behavior (1–2 days). Percentile-Based Levels: Levels are calculated using percentile interpolation for highs and lows. Historical Lines Option: Toggle to show past levels for context. Realtime Calculation update: Update calculations dynamically with the current bar. EMA Overlay: Up to three customizable EMA lines for trend analysis. Display Line Values: Option to show level values on the chart with adjustable label size. Trading Range Settings Historical Lines: Show or hide past support/resistance levels. Realtime Calculation: Enable or disable real-time updates. Display Line Values: Show numeric values for levels. Size: Adjust label size when values are displayed. EMA Line Settings Enable/disable each EMA line. Configure length and color for each EMA. Usage Tips Use the shaded zones as visual reference areas for short-term price interaction. Combine with other tools such as trend indicators or volume analysis to strengthen the analysis. Historical lines can help assess how price has reacted to these zones in the past. Limitations & Disclaimer This indicator is provided for informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Market conditions, asset volatility, and timeframe selection may significantly affect indicator performance. Users should always validate signals with additional analysis and apply appropriate risk management strategies. Past performance is not indicative of future results. Use indicator at your own discretion and risk. Under no circumstances shall InnovestX be liable for any loss or damage you or anyone else incur as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through InnovestX or TradingView.
Pine Script® indicator
by InnovestX
TPO[Fixed Range, Anchored, Bars Back]TPO Bars Back, Fixed Range and Anchored Overview The TPO Profile (Time Price Opportunity Profile) is a powerful market profile indicator that displays the amount of time price spent at different levels during a specified period. Unlike traditional volume profile indicators that show volume distribution, TPO Profile shows time distribution , providing insights into where price has spent the most time and identifying key support and resistance levels. Key Advantages Over TradingView's Built-in TPO Simplified Composite Creation : Automatically creates TPO profiles for any time range without manual split/merge operations Instant Value Area Calculation : Immediately shows Value Area, POC, VAH, and VAL for your selected period No Manual Assembly Required : TradingView's native TPO requires you to manually split sessions and merge them to create composites - this indicator does it automatically Flexible Time Ranges : Create composites for any custom time period (multiple days, weeks, specific events) with a few clicks Real-time Composite Updates : Anchor mode creates live composites that update as new data arrives Multiple Composite Analysis : Easily compare different time periods without the tedious manual process Key Features Core Functionality Time-Based Analysis : Shows time spent at each price level rather than volume Configurable Time Blocks : Use any timeframe for TPO counting (30min, 1H, 4H, etc.) Multiple Price Levels : Adjustable from 5 to 200 levels for granular analysis Point of Control (POC) : Automatically identifies the price level with highest time activity Value Area Calculation : Shows the price range containing 70% (configurable) of time activity Automatic Composite Generation : Creates multi-session composites without manual intervention Three Operating Modes 1. Bars Back Mode Analyzes the last N bars from the current bar Perfect for recent market activity analysis Range: 10-500 bars Use Case : Intraday analysis, recent session review 2. Fixed Range Mode Analyzes a specific time period between start and end times Ideal for historical analysis of specific events Creates perfect composites for multi-day periods Use Case : Earnings periods, news events, specific trading sessions, weekly/monthly composites 3. Anchor Mode (NEW) Starts from a specific time and extends to the current bar Dynamically updates as new bars form Perfect for building live composites from any starting point Use Case : Live session monitoring, event-based analysis from a specific point, growing composites Visual Elements TPO Bars Horizontal bars showing time distribution at each price level Longer bars = more time spent at that level Color-coded to distinguish Value Area from outlying levels Point of Control (POC) Red line marking the price level with highest time activity Most significant support/resistance level Configurable line style (Solid/Dashed/Dotted) and width Value Area High/Low (VAH/VAL) Green and Orange lines marking the boundaries of the Value Area Shows the price range containing the specified percentage of time activity Optional display with customizable line styles Single Print Detection Identifies price levels touched by only one time block Display options: Lines or Boxes Purple color highlighting these significant levels Often act as strong support/resistance in future trading Customization Options Time Block Configuration Block Time : Choose timeframe for TPO counting (30min, 1H, 4H, etc.) Allows analysis at different time granularities Higher timeframes = broader perspective, Lower timeframes = finer detail Visual Styling Line Styles : Solid, Dashed, or Dotted for all line elements Line Widths : 1-5 pixels for POC, VAH, and VAL lines Colors : Fully customizable colors for all elements Transparency : Adjustable transparency for better chart readability Label Management Show/Hide Labels : Toggle POC, VAH, VAL labels Font Sizes : Tiny, Small, Normal, Large, Huge Label Positioning : 8 different position options relative to lines Offset Controls : Fine-tune label positioning Line Extension Level Offset Right : Controls how far lines extend Smart extension logic: Value ≤ 0: Infinite extension (extend.right) Value ≥ 1: Extends exactly N bars ahead Trading Applications Support & Resistance POC often acts as strong support/resistance Value Area boundaries provide key levels Single prints frequently become significant levels Market Structure Analysis Identify areas of price acceptance (thick TPO bars) Spot areas of price rejection (thin TPO bars) Understand where market participants are comfortable trading Composite Profile Analysis Create multi-day, weekly, or monthly composites instantly Compare different composite periods without manual work Analyze longer-term price acceptance levels Build composites around specific events or announcements Session Analysis Monitor intraday session development in real-time Compare different sessions (London, New York, Asia) Track how profiles change throughout the trading day Build live composites across multiple sessions Event Analysis Use Fixed Range mode for earnings, news events Use Anchor mode to track price development from specific events Compare pre/post event price acceptance levels Create event-based composites automatically Input Parameters Mode Selection Mode : Bars Back | Fixed Range | Anchor Bars Back : Number of bars to analyze (10-500) Start Time : Beginning time for Fixed Range and Anchor modes End Time : Ending time for Fixed Range mode only Analysis Configuration Block Time : Timeframe for TPO blocks (e.g., "30" for 30-minute blocks) TPO Levels : Number of price levels (5-200) Value Area % : Percentage for Value Area calculation (50-95%) Display Options Show POC : Display Point of Control line Show Value Area : Display Value Area box Show VAH/VAL Lines : Display Value Area boundary lines Show Single Prints : Display single print detection Single Print Style : Lines or Boxes Styling Controls Colors : TPO, POC, Value Area, VAH, VAL, Single Print colors Line Styles : POC, VAH, VAL line styles Line Widths : POC, VAH, VAL line widths Labels : Show/hide, font size, position, offset controls Technical Details Calculation Method Divides the price range into equal levels based on TPO Levels setting For each time block, determines which price levels it crosses Adds +1 count to each crossed level Identifies POC as the level with highest count Calculates Value Area by expanding from POC until target percentage is reached Performance Considerations Historical data limited to prevent buffer overflow errors Smart bounds checking for different timeframes Optimized cleanup routines to prevent drawing object accumulation Pine Script Version Built on Pine Script v6 Uses modern Pine Script best practices Efficient array handling and drawing object management Best Practices Timeframe Selection Block Time = Chart Timeframe : Traditional TPO approach Block Time > Chart Timeframe : Smoother, broader perspective Block Time < Chart Timeframe : More granular, detailed analysis Level Count Guidelines Low levels (10-20) : Better for swing trading, major levels High levels (50-100) : Better for scalping, precise entries Very high levels (100+) : For very detailed analysis Mode Selection Bars Back : Daily analysis, recent activity Fixed Range : Historical events, specific periods, manual composites Anchor : Live monitoring, event-based analysis, growing composites Composite Creation Workflow Select Fixed Range or Anchor mode Set your desired start time (and end time for Fixed Range) Adjust TPO Levels for desired granularity Enable VAH/VAL lines to see Value Area boundaries The composite profile generates automatically with all key levels This indicator eliminates the tedious manual process of creating composite TPO profiles in TradingView. Instead of splitting sessions and manually merging them, you get instant composite analysis with automatic Value Area calculation, POC identification, and single print detection. The combination of time-based analysis, multiple operating modes, and extensive customization options makes it a powerful tool for understanding market structure and price acceptance levels across any time period.
Pine Script® indicator
by mindyourbuisness
32
Consolidation Range [BigBeluga]A hybrid volatility-volume indicator that isolates periods of price equilibrium and reveals the directional force behind each range buildup. Consolidation Range is a powerful tool designed to detect compression phases in the market using volatility thresholds while visualizing volume imbalance within those phases. By combining low-volatility detection with directional volume delta, it highlights where accumulation or distribution is occurring—giving traders the confidence to act when breakouts follow. This indicator is particularly valuable in choppy or sideways markets where range identification and sentiment context are key. 🔵 CONCEPTS Volatility Compression: Uses ADX (Average Directional Index) to detect periods of low trend strength—specifically when ADX drops below a configurable threshold. Range Structure: Upon a low-volatility trigger, the script dynamically anchors horizontal upper and lower bounds based on local highs and lows. Directional Volume Delta: Inside each active range, it calculates the net difference between buy and sell volume, showing who controlled the range. Sentiment Bias: A label appears in the center of the zone on breakout, showing the accumulated delta and bias direction (▲ for positive, ▼ for negative). Range Validity Filter: Only ranges with more than 15 bars are considered valid—short-lived consolidations are auto-filtered. 🔵 KEY FEATURES Detects low volatility market phases using ADX logic (crosses under "Volatility Threshold Input"). Automatically plots adaptive consolidation zones with upper and lower boundary lines. Includes dynamic midline to visualize the price average inside the range. Visual range is filled with a progressive gradient to reflect distance between highs and lows. When the range is active, the indicator accumulates volume delta (Buy - Sell volume) . Upon breakout, the total volume delta is displayed at the midpoint , providing insight into market sentiment during the consolidation phase. Filters out weak or short-lived consolidations under 15 bars. 🔵 HOW TO USE Spot ranging or compression zones with minimal effort. Use breakouts with volume delta bias to assess the strength or weakness of moves. Combine with trend-following tools or volume-based confirmation for stronger setups. Apply to higher timeframes for macro consolidation tracking . 🔵 CONCLUSION Consolidation Range now brings together volatility filtering and directional volume delta into one smart module. This hybrid logic allows traders to not only identify balance zones but also understand who was in control during the buildup—offering a sharper edge for breakout and trend continuation strategies.
Pine Script® indicator
by BigBeluga
14
RTH Session Range Position (0-100) with EMAA Pine Script indicator designed to help traders understand where the current price is located within the Regular Trading Hours (RTH) session range, from 0 (session low) to 100 (session high). It also plots a smoothed EMA of this position to provide insight into momentum or trend during the RTH session. What the Indicator Does Defines RTH (Regular Trading Hours): Start: 9:30 AM End: 4:00 PM These are typical US equity market hours. Tracks the session's high and low during RTH: sessionHigh and sessionLow update only during RTH. Calculates position of the current price within the RTH range: Formula: ((close - sessionLow) / (sessionHigh - sessionLow)) * 100 Result is a percentage: 0 = at session low 100 = at session high 50 = middle of session range Calculates an EMA of that position (posEMA): Smooths out the raw position to help visualize momentum within the range. Plots and table: Plots pos and posEMA on a separate chart pane. Adds horizontal lines at key levels (0, 30, 50, 70, 100). Table shows current values for Position, EMA, and Range. Visual cues: bgcolor highlights when pos crosses over or under the EMA — potential momentum shifts. Alerts: Cross above/below 50 (session midpoint). Cross above/below EMA. How to Use It Effectively 1. Session Strength & Momentum Position above 70: Price is near session highs — strong upward momentum. Position below 30: Price is near session lows — strong downward momentum. Use the EMA of position to filter out noise and identify trends. 2. Breakout or Reversal Detection Cross above EMA: Momentum may be turning bullish. Cross below EMA: Momentum may be turning bearish. These crosses (especially near mid-levels like 50) can hint at session trend shifts. 3. Range Context for Entries If you're a mean-reversion trader, look for: Price > 70 + turning down below EMA → possible short. Price < 30 + turning up above EMA → possible long. For breakout traders, you might wait for: Crosses above 70 with EMA support. Crosses below 30 with EMA resistance. 4. Confirmation Tool Use this indicator alongside others to confirm: Whether price action has strength within the day. Whether breakouts have real momentum or are extended already.
Pine Script® indicator
by thericetrader
1
Balanced Price Range | Flux Charts💎 GENERAL OVERVIEW Introducing our new Balanced Price Range (BPR) indicator! A Balanced Price Range is a trading concept used by price action traders. It is detected by finding overlapping area between two contrary Fair Value Gaps (FVGs). These areas can be used as entry points during market pullbacks. For more information about the process, please check the "HOW DOES IT WORK ?" section. Balanced Price Range Features : Balanced Price Range Detection : Identifies areas where bullish and bearish FVGs overlap, suggesting a zone of price equilibrium. Customizable FVG & BPR Detection : You can fine-tune FVG detection and sensitivity for BPR detection to your liking. Retest Labels : Bullish & Bearish retest labels will be rendered for BPRs. Alerts : You can set alerts for Bullish & Bearish BPR detection and their retests. 🚩 UNIQUENESS This indicator doesn't just detect standard FVGs but specifically looks for areas where bullish and bearish IFVGs (Invalidated Fair Value Gaps) overlap, defining a Balanced Price Range. It also actively manages and updates identified BPR zones, removing them when they are invalidated or remain untouched for a specified period. It highlights and alerts users to retests of established BPR zones, signaling potential trading opportunities. Users can tailor the appearance of the BPR zones and retest markers, as well as configure specific alerts for new BPR formations and retests. 📌 HOW DOES IT WORK ? A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. The indicator first detects bullish & bearish FVG zones according to their formations on chart. Then, they are dynamically tracked and flagged as invalidated if the price crosses them, turning them into IFVGs. When a FVG & IFVG of the same type overlaps, the indicator combines them into a single BPR of corresponding type. The detected BPR is updated as new data comes in, and renders retests labels as they occur. A bullish BPR can be used to find long trade entry opportunities, while a bearish BPR can be used to find short trade entry opportunities. Retests can also indicate potential movements in the corresponding direction of the BPR. Users can set-up alerts for BPR detection & BPR retests and will get notified as they occur. ⚙️ SETTINGS Show Historic Zones: If enabled, invalidated or expired BPR zones will remain visible on the chart. Balanced Price Range: FVG Detection Method: Determines the criteria for the bar types forming the initial FVG. Same: All three bars forming the FVG must be of the same type (all bullish or all bearish). Mixed: The bar types must vary (a mix of bullish and bearish bars). All: Bar types can vary or be the same. FVG Invalidation Method: Determines which part of the candle (wick or close) invalidates the initial FVG. BPR Invalidation Method: Determines which part of the candle (wick or close) invalidates the Balanced Price Range. Sensitivity: Adjusts the sensitivity of FVG detection. Higher values may identify fewer, larger BPRs, while lower values may detect more, smaller BPRs. Labels: Toggles the display of text labels on the identified zones. Retests: Enables or disables the detection and visualization of BPR retests.
Pine Script® indicator
by fluxchart
11
CUSTOM PRO RANGE V2.0 with AlertsCore Functions Tracks High/Low Ranges Daily (DR) or Initial (IDR) ranges within custom time windows (e.g., 9:30 AM–4:00 PM). Optional extended hours (e.g., overnight). Visual Tools Draws boxes/lines for range boundaries, midpoints, and opening prices. Custom colors/styles for clarity. Smart Alerts Notifies when price breaks high/low/mid of the range. Avoids spam with once-per-bar alerts. Flexible Timeframes Works for intraday, daily, or even quarterly ranges with minor tweaks. 🎯 Who It Helps Day Traders: Spot breakouts/reversals. Swing Traders: Identify key support/resistance. Analysts: Study price behavior in specific sessions.
Pine Script® indicator
by shariff09z
Trading Sessions [BigBeluga] This indicator brings Smart Money Concept (ICT) session logic to life by plotting key global trading sessions with volume and delta analytics. It not only highlights session ranges but also tracks their midpoints — which often act as intraday support/resistance levels. 🔵 KEY FEATURES Visual session boxes: Plots boxes for Tokyo, London, New York, and Sydney sessions based on user-defined UTC+0 time ranges. Volume & delta metrics: Displays total volume and delta volume (buy–sell difference) within each session. Mid, High & Low Range Extension: Once a session ends, the high, low, and midpoint levels automatically extend — ideal for detecting SR zones. Session labels: Each box includes a label with session name, time, volume, and delta for quick reference. Custom session control: Enable or disable sessions individually and configure start/end times. Clean aesthetics: Transparent shaded boxes with subtle borders make it easy to overlay without clutter. Sessions Dashboard: Shows the time range of each session and tells you whether the session is currently active. 🔵 USAGE Enable the sessions you want to monitor (e.g., New York or Tokyo) from the settings. Use session volume and delta values to gauge the strength and direction of institutional activity. Watch for price interaction with the extended range — it often acts as dynamic support/resistance after the session ends. Overlay it with liquidity tools or breaker blocks for intraday strategy alignment. 🔵 EXAMPLES Extended Future Range acted as resistance/support. Delta value helped confirm bullish pressure during New York open. Multiple sessions helped identify kill zone overlaps and high-volume turns. Trading Sessions is more than just a visual scheduler — it's a precision tool for traders who align with session-based volume dynamics and ICT methodology. Use it to define high-probability zones, confirm volume shifts, and read deeper into the true intent behind market structure.
Pine Script® indicator
by BigBeluga
4
Market DNA: Structure, Volume, Range, and SessionsMarket DNA: Structure, Volume, Range, and Sessions** The Market DNA indicator combines market structure, volume analysis, trading ranges, and global trading sessions into a single, comprehensive tool for traders. It helps identify key price levels, volume patterns, consolidation phases, and active market periods, enabling informed trading decisions. Market Structure Detects swing highs and lows using `ta.pivothigh` and `ta.pivotlow`, plotting them as red/green triangles to highlight support/resistance and trend reversals. - Fractal Volume Zones (FVG): Highlights areas of significant buying/selling pressure by comparing current volume to an average over a lookback period; high-volume zones are marked with a semi-transparent blue background. - Trading Range: Defines a price channel using the Average True Range (ATR) and a multiplier, creating upper/lower bands to identify consolidation, breakouts, and potential trade levels. - Market Sessions: Highlights major global trading sessions (Asia, Europe, US) with colored backgrounds (purple, teal, yellow) to indicate liquidity and volatility shifts. How It Works - Swing points help analyze trends and reversals. - FVG confirms price movements with high volume for stronger signals. - Trading range bands assist in identifying breakout opportunities and setting stops/take-profits. - Session highlights allow traders to adapt strategies based on regional activity. Customization - Adjust `swing_length` for sensitivity in detecting turning points. - Modify `volume_lookback` to control volume averaging. - Tune `range_multiplier` for wider/narrower trading bands. - Enable/disable session highlighting via `session_highlight`. Use Cases - Identify trends and key levels using swing points and FVG. - Spot breakout opportunities with trading range bands. - Adapt strategies to regional trading sessions for optimal timing. This all-in-one indicator provides a clear, customizable view of the market, empowering traders to make data-driven decisions across asset classes and timeframes.
Pine Script® indicator
by Ovoro
Peak Reaction Zones [BigBeluga]Peak Reaction Zones is an advanced Smart Money Concept (SMC) indicator that identifies the most recent swing high and swing low zones, helping traders determine premium and discount areas for optimal trade positioning. 🔵 Key Features: Swing High & Low Zones: Automatically detects the latest swing high and swing low levels. Helps traders identify key reaction points where price is likely to respond. Premium & Discount Concept: The high zone represents a premium area, where price is overextended and may reverse. The low zone represents a discount area, where price is undervalued and may bounce. The midline dynamically marks the equilibrium of the range. Adjustable Zone Width: Users can fine-tune the width of the zones to match their trading style. Wider zones capture broader reaction ranges, while narrower zones focus on precise levels. Zone Retest Signals: Blue markers appear when price retests the lower reaction zone, signaling potential support. Orange markers appear when price retests the upper reaction zone, indicating possible resistance. Price Labels for Key Levels: Displays the price value of the swing high, swing low, and midline for quick reference. Helps traders recognize major reaction points at a glance. 🔵 Usage: Smart Money Trading: Utilize the premium and discount concept to align trades with institutional order flow. Zone Reactions: Watch for price tests of reaction zones and use the retest signals to confirm potential reversals. Midline Confirmation: If price holds above or below the midline, it can indicate directional bias. Scalping & Swing Trading: Short-term traders can look for zone rejections, while swing traders can use the levels for trend continuation setups. Peak Reaction Zones is a must-have tool for traders looking to trade with Smart Money Concepts, allowing for precise entries and exits based on key liquidity areas and market structure.
Pine Script® indicator
by BigBeluga
29
Alans Date Range CalculatorOverview Setting a date range for backtesting enables you to evaluate your trading strategy under various market conditions. Traders can test a strategy’s performance during specific periods, such as economic downturns, bull markets, or periods of high volatility. This helps assess the trading strategy’s robustness and adaptability across different scenarios. Specifying years of data instead of just inputting specific start and end dates offers several advantages: 1. **Consistency**: Using a fixed number of years ensures that the testing period is consistent across different strategies or iterations. This makes it easier to compare performance metrics and draw meaningful conclusions. 2. **Flexibility**: Specifying years allows for automatic adjustment of the start date based on the current date or selected end date. This is particularly useful when new data becomes available or when testing on different assets with varying historical data lengths. 3. **Efficiency**: It simplifies updating and retesting strategies. Instead of recalculating specific start dates each time, traders can quickly adjust the number of years to process, making it easier to test strategies over different timeframes. 4. **Comprehensive Analysis**: Broader timeframes defined by years help you evaluate how your strategy performs over multiple market cycles, providing insights into long-term viability and potential weaknesses. Defining a date range by specifying years allows for more thorough and systematic backtesting, helping traders develop more reliable and effective trading systems. Alan's Date Range Calculator: A TradingView Pine Script Indicator Purpose This Pine Script indicator calculates and displays a date range for backtesting trading strategies. It allows users to specify the number of years to analyze and an end date, then calculates the corresponding start date. Most importantly, users can copy the inputs and function into their own strategies to quickly add a time span feature for backtesting. Key Features User-defined input for the number of years to analyze Customizable end date with a calendar input Automatic calculation of the start date Visual display of both start and end dates on the chart How It Works User Inputs Years of Data to Process: An integer input allowing users to specify the number of years for analysis (default: 20, range: 1-100) End Date: A calendar input for selecting the end date of the analysis period (default: December 31, 2024) Date Calculation The script uses a custom function calcStartDate() to determine the start date. It subtracts the specified number of years from the end date's year and sets the start date to January 1st of that year. Visual Output The indicator displays two labels on the chart: Start Date Label: Shows the calculated start date End Date Label: Displays the user-specified end date Both labels are positioned horizontally at the bottom of the chart, with the end date label to the right of the start date label. Applications This indicator is particularly useful for traders who want to: Define specific date ranges for backtesting strategies Quickly visualize the time span of their analysis Ensure consistent testing periods across different strategies or assets Customization Users can easily adjust the analysis period by changing the number of years or selecting a different end date. This flexibility allows for testing strategies across various market conditions and time frames.
Pine Script® indicator
by QuantByAlan
Time Range### Indicator Name: **Time Range** #### Description: The **Time Range** indicator allows users to highlight specific time ranges on a chart for each day of the week. It uses customizable time inputs for every day (Monday to Sunday), allowing the user to define trading sessions or any time-based range. These sessions are visualized by shading the background of the chart within the defined periods. #### Key Features: - **Custom Sessions**: For each day of the week (Monday to Sunday), the user can define a unique time session by specifying the start time using the input fields. - **Day-wise Session Activation**: The user can toggle the activation of sessions for each day by using checkboxes. If the session for a particular day is disabled, no background shading will appear for that day. - **Background Highlighting**: When a session is active, the background of the chart during the specified session period will be shaded in gray with a 70% transparency. This helps the user visually identify active time ranges across multiple days. #### Use Cases: - **Highlighting Trading Sessions**: Traders can use this indicator to easily visualize specific market sessions such as the New York or London trading sessions. - **Visualizing Custom Time Blocks**: Can be used to highlight any custom time blocks that are important for the trader, such as key trading hours, news release periods, or other time-based strategies. #### Customizable Parameters: - **Day Toggles**: Checkboxes to activate or deactivate sessions for each day of the week. - **Time Range Inputs**: Time range inputs allow the user to set start times for each session, which are applied based on the user's selection for the day. This indicator helps streamline chart analysis by giving clear visual markers for time-based events or trading windows.
Pine Script® indicator
by digambars4u
1
ATR Gerchik LightAverage True Range ( ATR ) is a technical analysis indicator that measures volatility in the market. ATR is a moving average of the true range over a period of time. ATR calculation procedure: 1. Determine the true maximum - this is the highest of the current maximum and yesterday's closing price of the day. 2. Determine the true minimum - this is the smallest of the current minimum and yesterday's closing price. 3. Determine the true range - this is the distance between the true maximum and minimum. 4. We exclude extremely large candles (> x2 ATR) and extremely small ones (< 0.5 ATR) from the obtained true ranges. 5. We calculate the average for the selected period based on the remaining range. 6. We calculate the percentage of the current True Range relative to the average ATR value for the previous period. Description: If you analyze it yourself, you will see that 75-80% of the time, the instrument moves only 1 ATR per day. You must understand that if an instrument has, for example, moved 80% of its daily range, it is not advisable to purchase it. This is comparable to a car's fuel tank: if the tank is almost empty, the car won't go far. Most indicators that calculate ATR include anomalous candles, which give unreliable results and lead to incorrect decisions. Because of this, many traders prefer to calculate ATR on their own. However, the Gerchik ATR indicator accounts for anomalous candles and filters out extremely large candles (> 2x ATR) and extremely small ones (< 0.5x ATR). Additionally, this indicator immediately shows the consumed “fuel” of the instrument as a percentage, so you don't have to calculate the distance traveled yourself. This allows you to make quick, informed decisions. If we see that the tank is almost empty, it is logical not to get into that car today. When building any strategy, you must rely on the average movement. Key Features: Anomalous Candle Filtering: Excludes extremely large and small candles to provide more reliable ATR values. Consumed Fuel Indicator: Shows the percentage of the ATR consumed, helping traders quickly assess the remaining potential movement. Daily Timeframe Focus: Designed specifically for use on daily charts for accurate long-term analysis. Practical Applications: Entry and Exit Points: Use the ATR to determine optimal entry and exit points by assessing market volatility and potential price movement. Stop-Loss Placement: Calculate stop-loss levels based on ATR to ensure they are placed at appropriate distances, accounting for current market volatility. Trend Confirmation: Use the percentage of ATR consumed to confirm the strength of a trend and decide whether to enter or exit trades. Examples of Use: Trend Following: During strong trends, ATR helps identify periods of increased volatility, signaling potential breakouts or reversals. Range Trading: In ranging markets, ATR can highlight periods of low volatility, indicating consolidation and potential breakout zones. Note: The indicator is displayed and works only on the daily timeframe! The indicator was created according to the instructions, description of the functionality, and strategy of Mr. Gerchik. Thank you so much, Chief! ________________________ Average True Range ( ATR , средний истинный диапазон) – это индикатор технического анализа, который измеряет волатильность на рынке. ATR представляет собой скользящее среднее истинного диапазона за определенный период времени. Порядок расчета ATR: 1. Определяем истинный максимум – это наивысшее из текущего максимума и вчерашней цены закрытия дня. 2. Определяем истинный минимум – это наименьшее из текущего минимума и вчерашней цены закрытия. 3. Определяем истинный диапазон – это расстояние между истинным максимумом и минимумом. 4. Исключаем из полученных истинных диапазонов экстремально большие свечи (> x2 ATR) и экстремально маленькие (< 0.5 ATR). 5. Рассчитываем среднее за выбранный период исходя из оставшегося диапазона. 6 . Рассчитываем процент текущего истинного диапазона (True Range) относительно среднего значения ATR за предыдущий период. Описание: Если вы сами проанализируете, то увидите, что 75-80% времени инструмент ходит только 1 ATR. И вы должны понимать, что если инструмент внутри дня прошел, к примеру, 80% своего движения, то этот инструмент больше нельзя покупать. Это можно сравнить с баком машины: если бак почти пустой, машина далеко не уедет. Большинство индикаторов, которые рассчитывают ATR, производят расчет с паранормальными свечами. Это дает недостоверный результат и приводит к неверным решениям. Многие трейдеры из-за этого не используют готовые индикаторы и предпочитают считать ATR самостоятельно. Но индикатор ATR Gerchik учитывает паранормальные свечи и фильтрует экстремально большие свечи (> x2 ATR) и экстремально маленькие (< 0.5 ATR). Также этот индикатор сразу показывает израсходованный "бензин" инструмента в процентах. И вам не надо самостоятельно высчитывать пройденный путь. Вы можете быстро принимать правильные решения. Если мы видим, что бак почти пустой, логично не садиться в эту машину сегодня. Когда вы строите какую-то стратегию, вы должны обязательно полагаться на среднестатистическое движение. Существует много стратегий, завязанных на ATR, которые учитывают волатильность инструмента, запас хода, точки разворота, места выставления стоп-лоссов (SL) и тейк-профитов (TP) и другие факторы. Я не буду останавливаться на них, так как каждый может найти описание этих стратегий и использовать их на свой выбор. Индикатор отображается и работает только на дневном таймфрейме! Индикатор создан по наставлениям, описанию функционала и стратегии господина Герчика. Огромное спасибо, Шеф!
Pine Script® indicator
by lotophagi108
4
Price Range Volume Profile [Pt]█ Introduction The Price Range Volume Profile (PRVP) is a revolutionary indicator. This tool stands out from its peers due to its unique ability to capture the entire price chart history, thus providing a comprehensive volume profile of the entire asset's trading history, as available on TradingView chart. It's worth noting that I believe this tool is the first of its kind to accomplish such a feat. A much recommended tool if you are a volume profile trader. █ Main Features ► Historical Lookback: This feature dives deep into the past, grasping all the historical data of an asset. It's equipped to handle up to 20,000 bars, although users without a premium TradingView account are advised to keep it at a maximum of 10,000 bars, or just use the "Full Historical Lookback" feature. ► Volume Profile / POC: Displays the distribution of volume across price levels for the selected price range. The Point of Control (POC), which is the price level with the highest traded volume, is also highlighted. ► Customization: Users have the flexibility to adjust the profile's appearance, including profile width, horizontal offset, and the option to fill the background of the profile range. ► Time Weighting: This feature allows users to give more weight to recent trading activity, which can be especially useful for intraday traders or during times of high volatility. Note that this feature will impact the volume profile and POC level. ► Settings Table: A settings table is displayed on the chart for users to quickly reference their input parameters. █ Input Parameters ► Lookback Timeframe: Determines the period for which the volume profile is generated. ► Price Range: The percentage distance to consider for the profile, adjusted above and below the current closing price. ► Profile Step size: The granularity of the volume profile. Users can opt for automatic step size based on a predefined calculation or set their preferred tick step size. ► Historical Bars Lookback: Determines the number of bars to include in the volume profile calculation. ► Profile Visuals: Adjust the appearance and layout of the volume profile on the chart. ► Extra: Additional settings including the display of a settings table and its location. █ Basic Understanding of Volume Profile - How to use PRVP? Volume Profile is a valuable tool for traders who want insights into where the majority of trading activity has occurred. Here are some tips to make the most of it: ► Understand the Basics: Before using the Volume Profile, ensure you understand the difference between it and the standard volume histogram. While both represent volume, the former displays it against price while the latter shows it against time. ► Identify High Volume Nodes (HVN) and Low Volume Nodes (LVN): ◊ HVN: Areas where there's a lot of trading activity and where the price has spent a lot of time. These areas can act as strong support or resistance. ◊ LVN: Areas where there's a lack of trading activity. Prices might move quickly through these areas, and they can act as potential breakpoints or accelerators for price movement. ► Locate the Point of Control (POC): This is the price level with the highest traded volume for a specified period. It often acts as a magnet for price, and it can serve as a pivot or reference point. ► Trend Confirmation: A shift in the volume profile from one price level to another can confirm a trend. For instance, if higher volume starts to build at higher price levels, it may indicate a strong uptrend. ► Watch for Volume Gaps: If there's a significant gap in the volume profile, prices may move quickly through these levels as there's little historical trading activity to act as support or resistance. █ Other Usage Tips ◊ For optimal performance, ensure that the chosen timeframe aligns closely with the chart timeframe. Differences in timeframes may lead to minor discrepancies in the volume profile. ◊ To address any errors arising from too many levels displayed on the volume profile, consider increasing the Profile Step size or reducing the Price Range.
Pine Script® indicator
by PtGambler
1
Balance of Force (BOF)The script "Balance of Force" is an indicator that aims to provide insight into the bullish and bearish forces present in the market by analyzing the relationship between bullish and bearish true ranges. The indicator first calculates the bearish and bullish true ranges by taking the absolute difference between the open and close prices for each period and summing these values over a user-specified length. It then calculates the ratio of the bullish true range to the bearish true range and takes the natural logarithm of this value, resulting in the "bullish-bearish ratio". The script then calculates the standard deviation of this ratio over a user-specified length to create a measure of volatility. Using this deviation and the dominant cycle, it then applies an exponential moving average to smooth the ratio. The indicator plots the smoothed ratio, the raw ratio, and the deviation of the ratio multiplied by 1, 2 and 3 in addition to filling the area between the deviation multiplied by 3 and the log(1) with red and green. The user can use the indicator to identify potential bullish or bearish market conditions by analyzing the relationship between the smoothed ratio and the log(1) and the deviation of the ratio.
Pine Script® indicator
by The_Peaceful_Lizard
Squeeze Range: Bollinger Bands / Keltner Channels [Whvntr]Presenting Squeeze Range: Bollinger Bands / Keltner Channels TTMSqueeze method is a volatility and momentum indicator introduced by John Carter of Simpler Trading, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. How did I make this indicator? The Bollinger Bands & Keltner Channels base scripts are from the standard indicators of their class in the Technicals section... I made this indicator first then noticed there were 3 others with a similar concept, but this differs in it's unique features and application of the TTMSqueeze strategy. This indicator plots the True Range of the Keltner Channel (Customizable in 'Bands Style" in the Inputs Menu) the instances the Bollinger Bands are within the range of the Keltner channel (the market just entered a squeeze). Featuring: customizable Moving Averages 1. Exponential (Default for both BB & KC) 2. Simple 3. RMA (MA used in RSI ) Keltner channels have a multiplier of 2 & 3 on the Chart (3 being the outer). How do I use this indicator? Once the teal dots are inside the solid red lines this would indicate that TTMperiod of low market volatility (the market is preparing itself for an explosive move up or down). Do some research and study how to use the TTMSqueeze method by John Carter. Disclaimer: not a guarantee of future favorable results.
Pine Script® indicator
by whvntr
Ultimate Grid Tool + Alerts (DCA & Limit Orders) [enzedengineer]Overview The "Ultimate Grid Tool + Alerts" script works much like a grid bot from automated trading services such as 3Commas making it a good free alternative with some extra utility. How it works The user is prompted to set up a grid by manually defining a lower and upper range and then by selecting how many grid segments they want (max 20). The script will automatically create equally spaced grids within this defined range. The script has built in alerts which are intended to be used in conjunction with a third-party application to execute buy and sell orders on an exchange. The script has two alert functionalities to choose between: Limit orders (like traditional grid bots) or; DCA zones (time-based) DCA zones: This is the default selection. Each zone has its own alert condition which is triggered if the price closes within that zone. The frequency of the alert is determined by the user's chart resolution, therefore you can have the alert trigger every day, or 4 hours, or 30 minutes and so on. This allows for flexibility, for example, you could go from DCA'ing at $20 per day at higher prices to $100 per day as the price drops into the lower end of your grid range. Limit orders: This mode is selected by checking the "Limit Order" box. As mentioned earlier, this mode works like traditional grid bots with each grid line representing a limit order. The alert condition is met when ta.cross(close, gridline) = true. Buy and Sell: This mode is selected by checking the "Buy and Sell" box. This is a visual modification only which changes the colour of the grids to help plan the user's trading. Please note, there is no buying or selling logic within the script itself - this should be built into the alert message to be used with a third-party application for exchange order execution. Use case: The author of this script has been using it with the default settings to DCA into Bitcoin in the current bear market. Using a chart resolution of 15 minutes the script purchases x-amount of Bitcoin every 15 minutes (Alertatron executes the exchange orders). This method provides a well blended average price and takes away the internal conundrum of "should I buy some today". No matter what, the bot will make a purchase within at least 15 minutes of the ultimate Bitcoin bottom and arguably this gives a psychological edge and reduces FOMO (fear of missing out). 
Pine Script® indicator
by enzedengineer
Daily/Weekly ExtremesBACKGROUND This indicator calculates the daily and weekly +-1 standard deviation of the S&P 500 based on 2 methodologies: 1. VIX - Using the market's expectation of forward volatility, one can calculate the daily expectation by dividing the VIX by the square root of 252 (the number of trading days in a year) - also know as the "rule of 16." Similarly, dividing by the square root of 50 will give you the weekly expected range based on the VIX. 2. ATR - We also provide expected weekly and daily ranges based on 5 day/week ATR. HOW TO USE - This indicator only has 1 option in the settings: choosing the ATR (default) or the VIX to plot the +-1 standard deviation range. - This indicator WILL ONLY display these ranges if you are looking at the SPX or ES futures. The ranges will not be displayed if you are looking at any other symbols - The boundaries displayed on the chart should not be used on their own as bounce/reject levels. They are simply to provide a frame of reference as to where price is trading with respect to the market's implied expectations. It can be used as an indicator to look for signs of reversals on the tape. - Daily and Weekly extremes are plotted on all time frames (even on lower time frames).
Pine Script® indicator
by Zeal_Trading
Consolidation Zone Hunter NPR BasedThis script will search for zones where the range between the high and low is lower than avg % nearest rank of last X bars. After X(=30) bars of consolidating range it will signal that the market is in a range and draw the top, bottom and middle of that range. When price breaks the consolidating range the range is cleared, this is where you long/short the breakout. After this it will look for the next range and do the same. Visual Explanation
Pine Script® indicator
by Honestcowboy
2
SuperTrendRange by DGTSuperTrendRange study attempts to determine the state of the market • whether a well-established bull/bear trend is present • whether the market is trading in a range SuperTrendRange (STR) takes into account the volatility of the market - further details regarding volatility can be found in the description of “Volatility Bands by DGT” study Due to its similarities to SupertTrend (ST) and Parabolic SAR (SAR), I will try to explain by stating differences between them SuperTrendRange uses both the ATR (Average True Range) and STDEV (Standard Deviation) as part of its calculations - unlike ST and SAR where they use only ATR Sensitivity of the indicator is adjusted using the multiplier setting of both ATR and STDEV Additionally, unlike ST, the source of the basis of SuperTrendRange can be selected among the assets price value or its moving average Source and Length are adjustable too The SuperTrendRange, like Parabolic SAR indicator, appears on a chart as a series of dots, either above, below or unlike Parabolic SAR both above and below of the asset's price A dot placed - below the price when the market is trending upward - above the price when it is trending downward - both above and below when the price starts moving sideways – this is a feature that both SuperTrend and Parabolic SAR misses, where they are known to produce false signals and losing trades, whereas SuperTrendRange emphasis the zones of the ranges occurring and in most cases are considered no trade recommended zones. Please note that the range width may vary depending on how the market is volatile. It is up to the users to trade if it fits their trading strategies Dots plotted above and below can be assumed as Support and Resistance levels Example usages – with trading opportunities Gold Monthly Chart Bitcoin Daily Chart Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script® indicator
by dgtrd
73
GORDAUM SCALP Outside Bar + VWAP + RSI Scale + Range POC + FiBO📘 OFFICIAL MANUAL SCALP INDICATOR – OUTSIDE BAR + VWAP + RSI + RANGE (POC / VA) + FIBONACCI 📌 INDICATOR OVERVIEW This indicator was developed for SCALPING operations, focusing on fast entries, reduced risk exposure, and false signal filtering. The strategy combines price action, momentum, fair value, and range structure, delivering clear, objective, and visual signals, without subjective interpretation. 🔧 INDICATOR COMPONENTS The indicator is composed of 5 main pillars: 1️⃣ OUTSIDE BAR (PRICE ACTION) The Outside Bar represents a candle that completely engulfs the previous candle, indicating clear buyer or seller aggression and a potential start of a short movement, ideal for scalping. This is the main entry trigger. 2️⃣ VWAP (FAIR PRICE OF THE DAY) VWAP represents the volume-weighted average price and is widely used by institutional traders. Basic rules: Price above VWAP indicates bullish bias. Price below VWAP indicates bearish bias. The strategy does not trade against VWAP. 3️⃣ RSI WITH STRENGTH SCALE (ANTI-FALSE ENTRY) RSI is used as a momentum strength indicator. The indicator measures the distance of RSI from the 50 level, classifying signals as: Weak signal (gray): RSI very close to 50, trap zone. Medium signal (yellow/orange): moderate strength. Strong signal (green/red): RSI far from 50, higher probability of real movement. The farther RSI is from 50, the lower the chance of false entries. 4️⃣ MARKET RANGE – POC, VAH AND VAL The indicator identifies the current market range and builds a value-based reading: POC (Point of Control): area where price trades the most. VAH (Value Area High): top of the value area. VAL (Value Area Low): bottom of the value area. Key concept: Price near the POC indicates consolidation and false entries. Price reacting near VAH or VAL indicates cleaner trades. This context is marked on the chart with a second marker (dot). 5️⃣ DYNAMIC FIBONACCI (CONTEXT AND TARGETS) Fibonacci levels are calculated automatically based on the recent market range, projecting the following levels: 0.5 0.618 0.666 1.0 These levels act as targets, partial exits, rejection zones, or continuation areas. 🔺 TYPES OF SIGNALS ON THE CHART The indicator works with two simultaneous markers: Arrow (Outside Bar): indicates a potential entry based on Outside Bar, VWAP, and RSI. Dot (Range Context): indicates price position within the range: Gray: price at POC (trap zone). Yellow: middle of the range. Green or red: price near VAH or VAL (favorable zone). ✅ TRADING RULES LONG (BUY) SETUP: Price above VWAP. Bullish Outside Bar formation. RSI above 50. Green or yellow arrow. Green dot indicating proximity to VAL. When arrow and dot align, the trade is valid. SHORT (SELL) SETUP: Price below VWAP. Bearish Outside Bar formation. RSI below 50. Red or orange arrow. Red dot indicating proximity to VAH. Dual confirmation increases trade probability. ❌ WHEN NOT TO TRADE Avoid trades when: Arrow is gray. Dot is gray (price at POC). RSI is too close to 50. Market is clearly ranging. Not trading is also a professional decision. 🎯 STOP LOSS AND TARGETS Stop Loss: Below the Outside Bar low for long trades. Above the Outside Bar high for short trades. Targets: Next Fibonacci level. Opposite VAH or VAL. Minimum risk-to-reward ratio of 1:1. ⏱️ RECOMMENDED TIMEFRAMES 1 minute 2 minutes 3 minutes Renko charts with small bricks. ⚠️ IMPORTANT CONSIDERATIONS This indicator is not a trading robot. It provides context and entry triggers. Execution and risk management are the trader’s responsibility. 🧠 STRATEGY PHILOSOPHY This setup was created to avoid overtrading, eliminate entries in the middle of the range, and operate only where the market truly moves. Price away from value creates opportunity. Price inside value creates traps.
Pine Script® indicator
by CryptoViewWord
DLR - Daily Liquidity Range Framework (v1.3)Daily Level Ranges This strategy targets discounted premiums for buying Call/Put Options in discounted areas based on liquidity levels that form ranges. Opening Range creates the strongest liquidity for the day. Premarket Highs/Lows are strong liquidity points. Previous Day Highs/Lows are reliable liquidity points. PMH/PML and PDH/PDL may alternate positions relative to OR. * Discounted Calls are taken under the OR in Bullish conditions * Discounted Puts are taken above the OR in bearish conditions. - Momentum Calls are taken at the OR in Bullish Conditions - Momentum Puts are taken at the OR in Bearish Conditions
Pine Script® indicator
by dlrtrades