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Profit target areaUpdate. - you can specify count of bars used to detect reversal pattern - you can specify count of bars used to determine lowest or highest price to place support or resistance - area between lines is filled by green - ascending, red - descending trend To trade: - open position using stop command on S/R - close position using limit command on retracement line - close position when background colour indicates trend change (erratum: last balloon on right should say "buy limit")
Pine Script® indicator
by ondra.novacisko.cz
9
Breaks and Retests - Free990Strategy Description: "Breaks and Retests - Free990" The "Breaks and Retests - Free990" strategy is based on identifying breakout and retest opportunities for potential entries in both long and short trades. The idea is to detect price breakouts above resistance levels or below support levels, and subsequently identify retests that confirm the breakout levels. The strategy offers an automated approach to enter trades after a breakout followed by a retest, which serves as a confirmation of trend continuation. Key Components: Support and Resistance Detection: The strategy calculates pivot levels based on historical price movements to define support and resistance areas. A lookback range is used to determine these key levels. Breakouts and Retests: The system identifies when a breakout occurs above a resistance level or below a support level. It then waits for a retest of the previously broken level as confirmation, which is often a better entry opportunity. Trade Direction Selection: Users can choose between "Long Only," "Short Only," or "Both" directions for trading based on their market view. Stop Loss and Trailing Stop: An initial stop loss is placed at a defined percentage away from the entry. The trailing stop loss is activated after the position gains a specified percentage in profit. Long Entry: A long entry is triggered if the price breaks above a resistance level and subsequently retests that level successfully. The entry condition checks if the breakout was confirmed and if a retest was valid. The long entry is only executed if the user-selected direction is either "Long Only" or "Both." Short Entry: A short entry is triggered if the price breaks below a support level and subsequently retests that level. The short entry is only executed if the user-selected direction is either "Short Only" or "Both." sell_condition checks whether the support has been broken and whether the retest condition is valid. An initial stop loss is placed when the trade is opened to limit the risk if the trade moves against the position. The stop loss is calculated based on a user-defined percentage (stop_loss_percent) of the entry price. pinescript Copy code stop_loss_price := strategy.position_avg_price * (1 - stop_loss_percent / 100) For long positions, the stop loss is placed below the entry price. For short positions, the stop loss is placed above the entry price. Trailing Stop: When a position achieves a certain profit threshold (profit_threshold_percent), the trailing stop mechanism is activated. For long positions, the trailing stop follows the highest price reached, ensuring that some profit is locked in if the price reverses. For short positions, the trailing stop follows the lowest price reached. Code Logic for Trailing Stop: Exit Execution: The strategy exits the position when the price hits the calculated stop loss level. This includes both the initial stop loss and the trailing stop that adjusts as the trade progresses. Code Logic for Exit: Summary: Breaks and Retests - Free990 uses support and resistance levels to identify breakouts, followed by retests for confirmation. Entry Points: Triggered when a breakout is confirmed and a retest occurs, for both long and short trades. Exit Points: Initial Stop Loss: Limits risk for both long and short trades. Trailing Stop Loss: Locks in profits as the price moves in favor of the position. This strategy aims to capture the momentum after breakouts and minimize losses through effective use of stop loss and trailing stops. It gives the flexibility of selecting trade direction and ensures trades are taken with confirmation through the retest, which helps to reduce false breakouts. Original Code by @HoanGhetti
Pine Script® strategy
by Free990
2
Multi-Timeframe Order BlocksDesigned to identify and visualize key supply and demand zones based on order block theory across multiple timeframes. The indicator detects order blocks by analyzing sequential candle patterns and price movement thresholds to highlight potential reversal or continuation zones where institutional buying or selling activity may have occurred. The indicator works by scanning for clusters of consecutive bullish or bearish candles followed by a significant price move, which signals the formation of an order block. It then plots these zones as colored boxes on the chart—green for demand (bullish order blocks) and red for supply (bearish order blocks). The zones can be based on candle bodies or wicks, depending on user preference, and the indicator supports multi-timeframe analysis by allowing optional higher timeframe inputs. How It Works: Sequential Candle Detection: The indicator looks for a specified number of consecutive bullish or bearish candles (configurable by the user) to identify potential order blocks. Price Movement Threshold: It checks if the price movement after the order block formation exceeds a user-defined percentage threshold, ensuring only significant zones are marked. Zone Plotting: Once an order block is confirmed, the indicator draws a supply or demand zone as a box on the chart, using either candle bodies or wicks for zone boundaries. Multi-Timeframe Support: Users can optionally specify higher timeframes to incorporate broader market context, enhancing the reliability of the zones. Zone Management: The indicator limits the number of zones displayed to avoid clutter, automatically removing the oldest zones when the maximum count is exceeded. How to Interpret: Demand Zones (Green Boxes): These represent areas where buying pressure was strong enough to create a bullish order block. Price often finds support here, making these zones potential entry points for long trades or areas to watch for price bounces. Supply Zones (Red Boxes): These indicate areas of strong selling pressure forming bearish order blocks. Price may face resistance in these zones, which can be used as potential exit points for longs or entry points for shorts. Multi-Timeframe Confirmation: Zones identified on higher timeframes tend to be stronger and more reliable. Use the optional higher timeframe inputs to align your trades with broader market trends. Use with Other Indicators: Combine order block zones with volume, momentum, or trend indicators to improve trade confirmation and risk management. Zone Breaks: A decisive break and close beyond a supply or demand zone may signal a shift in market sentiment and potential trend continuation or reversal. Disclaimer This indicator is provided for educational and informational purposes only and does not constitute financial advice. Trading involves significant risk, and it is possible to lose more than your initial investment. Users should conduct their own research and consider their financial situation carefully before making any trading decisions. The developer and publisher of this indicator are not responsible for any trading losses or damages incurred. Always use proper risk management and consult with a licensed financial advisor if needed.
Pine Script® indicator
by RWCS_LTD
Machine Learning-Inspired Supply & Demand Zones [AlgoPoint]This indicator is a Smart Supply & Demand Zone tool, developed with principles inspired by Machine Learning (ML). It intelligently filters out market noise, allowing you to focus only on the most significant zones where institutional order flow is likely present. 💡 How It Works: Why Is This Indicator "Smart"? Unlike traditional indicators that only measure simple price movements, this script uses an algorithm that asks the same critical questions an experienced market analyst would to qualify a zone: - 1. Price Imbalance: How fast and aggressively did the price leave the zone? Our algorithm measures the body size of the "departure candle" relative to the current market volatility (ATR). A zone is only considered if it was formed by an explosive move that is statistically significant, indicating a major imbalance between buyers and sellers. - 2. Volume Confirmation: Did the "smart money" participate in this move? The script checks if the volume on the departure candle was significantly higher than the recent average volume. A spike in volume confirms that the move was backed by institutional interest, adding strength and validity to the zone. - 3. Valid Pivot Structure: Did the zone originate from a meaningful swing high or low? The algorithm first identifies a valid pivot structure, ensuring that zones are not drawn from insignificant or random price fluctuations. Only when a potential zone passes these three critical tests—our "quality filter"—is it drawn on your chart. 🚀 Features & How to Use Using the indicator is straightforward. You will see two primary types of boxes on your chart: * 🟥 Red Box (Supply Zone): An area of potential resistance where selling pressure is likely to be strong. Look for potential shorting opportunities as the price approaches this zone. * 🟩 Green Box (Demand Zone): An area of potential support where buying pressure is likely to be strong. Look for potential long opportunities as the price pulls back into this zone. Dynamic Zone Management This indicator is not static; it lives and breathes with the market: - Fresh Zone: A newly formed zone appears in its full, vibrant color. These are the highest-probability zones as they have not yet been re-tested. - Broken / Flipped Zone: You have full control over what happens when a zone is broken! In the settings, you can choose: - Delete Zone: The zone will be removed completely when the price closes through it. - Show as Broken (Flip): When broken, the zone will turn gray, stop extending, and remain on your chart. This is extremely useful for identifying Support/Resistance Flips, where a broken demand zone becomes new resistance, or a broken supply zone becomes new support. ⚙️ Settings & Customization Fine-tune the indicator to match your personal trading style via the settings menu: - Breakout Behavior: The most powerful feature. Choose between Delete Zone and Show as Broken (Flip) to customize your chart. - Zone Finding Logic: Control the indicator's sensitivity. - Selective: Requires both strong imbalance and high volume. Finds fewer, but higher-quality, zones. - Moderate: Requires either strong imbalance or high volume. Finds more potential zones. - Sensitivity Settings: Adjust the ATR Multiplier and Volume Multiplier to make the criteria for a "strong" zone stricter or looser.
Pine Script® indicator
by Iamalala
5
SVMKR_VIX_Based_LevelsThe "SVMKR_VIX_Based_Levels" script is a Pine Script indicator designed to assist intraday traders in identifying dynamic support and resistance levels based on the Volatility Index (VIX). Here's a breakdown of the script and its uses for intraday traders: ### Script Description: 1. **Data Retrieval**: - The script fetches daily closing prices of the India VIX (volatility index) and a specified security using `request.security()`. 2. **Input Parameters**: - Intraday traders can customize the indicator using input parameters such as the number of levels above and below the Pivot Day Close (PDC), line offset lengths, line extension options, and color and width settings for plotted lines. 3. **Plotting**: - The script plots the PDC and VIX as hidden lines (`display=display.none`). - Support and resistance levels are calculated based on the VIX and PDC, and plotted above and below the PDC with customizable colors and widths. - Each level can be labeled with its corresponding price. 4. **Customization**: - Intraday traders can choose to display or hide prices on the plotted lines. - Colors and widths of plotted lines are customizable. - Options to show minor and mild support levels provide additional flexibility. 5. **Labels**: - Labels are added to indicate the PDC and the plotted levels, displaying corresponding prices if enabled. ### Uses for Intraday Traders: 1. **Dynamic Support and Resistance**: Intraday traders can benefit from dynamically adjusted support and resistance levels that respond to changes in market volatility, providing more accurate levels for trade planning. 2. **Market Sentiment Analysis**: By incorporating the VIX, a measure of market volatility and sentiment, the indicator provides insights into market sentiment, helping intraday traders gauge market mood and potential direction. 3. **Confirmation of Price Action**: The plotted support and resistance levels can serve as confirmation signals for intraday traders, helping validate trading decisions and enhance trading confidence. 4. **Adaptability to Changing Market Conditions**: Intraday traders often face rapidly changing market conditions. The indicator's ability to adapt to changes in volatility ensures that plotted levels remain relevant and responsive, aiding traders in adjusting their strategies accordingly. 5. **Trade Planning and Execution**: Intraday traders can use the plotted support and resistance levels to identify potential entry and exit points, set profit targets and stop-loss levels, and plan their trades more effectively. Overall, the "SVMKR_VIX_Based_Levels" indicator provides intraday traders with a valuable tool for dynamic support and resistance identification, market sentiment analysis, confirmation of price action, and trade planning and execution, ultimately assisting them in making more informed and profitable trading decisions in the intraday timeframe.
Pine Script® indicator
by svmkr987
4
Katana Gaps Bounty Hunter Pro (Show Gaps of All Types) by RRBKatana Gaps Bounty Hunter Pro (KGB Hunter Pro, Gap Exterminator) by RagingRocketBull 2018 Version 1.0 This indicator shows/counts/filters gaps on a chart. There are several versions: Simple, Pro, Advanced and Zones. This is the Pro version. The Differences are listed below. - Simple: shows/counts gaps, changes color based on gap dir (2 colors), filters out price gaps within session, large gaps, and high volume gaps - Pro: +shows all types of gaps, multi color, pro filters (full/partial/overlapping time, price, large, candle, volume, doji, weekend gaps within delta ranges) - Advanced: +session times mask, show/count gaps only for last N bars, +min/max/filled gaps stats, dark mode - Zones: +shows gaps as dynamic horiz zones KGB Hunter Pro Gap Exterminator focuses on showing you all possible types of gaps in multiple colors. Gap theory states that price tends to return and fill the gaps, so you can use it to collect the bounty. You can apply any combination of complex filters to narrow down search results i.e., find only all: - type 3 gaps up with allowed wick-candle overlapping of up to 10% and - gap size larger than 200 and - with at least one of the candles larger than 100 and - volume change at least 40 and - spanning less than 2 bar periods and - excluding weekend gaps Features: - highlights gaps using barcolor and plotchar chars (8 colors x 2 dirs) - supports all 3 types of gap overlapping: full gap (no overlapping), wick-wick and wick-body overlapping up to a specified % of candle body - finds all types of gaps with pro filters for price, time, large, volume, timerange, candle size, doji gaps - individual show/hide flags for each gap/char based on gap type - can show/hide gaps/chars based on gap dir - changes color of gaps/chars based on gap dir/type, multi color gap type combos - displays chars above/below bar based on gap dir - can show/hide weekend gaps - counts all filtered gaps Colors: Basically There are 2 gap types (Price, Time) x 2 directions (Up, Down) x 2 modifiers (Large, Volume), Volume Gap is a separate class with its own modifiers, so more accurately: - (Price, Time) x 2 directions (Up, Down) x Large modifier - (Price Volume, Time Volume) x 2 directions (Up, Down) x Large modifier using a total of 16+1 colors or 8+1 base colors + transparency modifier depending on settings you can highlight gaps using any multi color combo from just 1 to all 16 colors (+1 gray color for weekends). basic gap = 1 base color with normal transparency price,time = 2 base colors (including basic gap) with normal transparency (+1 color) * up,down dir = +2 new base colors with normal transparency (including 2 base colors), with a total of 2*2 = 4 price/time base colors (+2 colors) * large = same 4 base colors with vivid transparency modifier (+4 colors) * volume = +2 new base colors with normal transparency, a separate class (+2 colors) * volume * up,down dir = +another 2 new base colors with normal transparency (including 2 volume base colors), with a total of 2*2 = 4 volume base colors (+2 colors) * volume * large = 4 volume base colors with vivid transparency modifier (+4 colors) weekend_gap = gray (+1 color) doji gap, candle gap, timerange gap = no special color, inherits color from parent gap type for more details, please see the Gap Color Hierarchy comments in code _________________________________________________________________________ You can find the following gap related terminology in literature: full, partial, extreme, breakaway, runaway/continuation, common, exhaustion gaps. There are no exact rules to distinguish between them, so this can't be implemented. When defining a gap it all boils down to how do you plot a gap, which points between adjacent candles do you consider a gap. Different sources apply different methodology but in practice only 3 types of gap overlapping can exist: - full gap (no overlapping), - partial (wick-wick overlapping) and - extreme partial (wick-body overlapping up to a specified % of a candle body) All these types are supported in this script. The only possible remaining option is candle-candle overlapping which is not a gap by definition. Many other script specific subtypes are also supported. Please see description of each gap type below and comments in code. General display modes - gap has 3 possible overlapping modes: full gap (no overlapping), wick-wick overlapping, wick-candle overlapping up to a specified % of candle body size (for mode 3 only) the remaining candle-candle overlapping implies not a gap by definition full gap mode will find the least amount of gaps, wick-candle - the most - gap can be either price or time, up or down, and shown above or below the candles (gap chars) - by definition, a price gap is a smaller subset of a time gap, a gap within current session with a price gap and zero time lag between bars. Therefore timerange filter is useless for price gaps, but can still be applied. On the other hand, all price gap filters can be applied to time gaps without any distinction. - gap can have multiple modifier subtypes: (price|time) * (up|down) * (large? + volume? + doji? + timerange? + weekend?) i.e. price + large + volume + doji or time + large + volume + timerange + doji + weekend - the gap is always counted only once no matter how many subtype modifiers it has - if the gap does not satisfy any of the applied flags/filters it is not shown/counted (no gap bars/chars are shown) - gap color can depend on a combo of gap type/dir and modifier subtypes or can be shown in a single base color - char color can only depend on gap dir (not type/modifiers) or can be shown in a single base color - char position can also depend on gap dir (above/below) the gap candle. Alternatively you can pin chars to the top/bottom of the screen in UI Styles. - change_by_type = true - uses gap type base colors (2 colors + optional modifiers, up to 8 colors if volume and/or large filters are enabled) - change_by_dir = true - uses gap dir base colors (2 colors + optional modifiers, up to 8 colors if volume and/or large filters are enabled) - both change_by_type and change_by_dir = true - uses both gap type and dir base colors (4 colors + optional modifiers, up to 16 colors if volume and/or large filters are enabled) - both change_by_type and change_by_dir = false - uses a single base gap color (1 color) - don't need that much colors - disable filters - highlight bars has priority over individual gap flags, when it is false all gaps are hidden regardless of their corresponding flag settings (does not affect dim weekend gaps) - show chars has priority over individual gap char flags, when it is false all char flags are hidden regardless of their corresponding flag settings - price gaps are only shown/counted when show_price_gaps flag is true. The large or volume filters can be used to narrow down results further. - time gaps are only shown/counted when show_time_gaps flag is true. The large, volume, and timerange filters can be used to narrow down results further. - doji gaps are only shown/counted when show_doji_gaps flag is true. The doji candle size and other filters can be used to narrow down results further. - show weekend gaps = true and dim weekend gaps = false - shows/counts weekend gaps - show weekend gaps = true and dim weekend gaps = true - dims weekend gaps, doesn't show/count weekwend gaps - show/dim weekend gaps do just that - show the gap if it happens on a weekend, not all weekends - large gaps are only shown/counted when the large filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <> - volume gaps are only shown/counted when the volume filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <> - timerange gaps are only shown/counted when the timerange filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <> - candle size gaps are only shown/counted when the candle size filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <> - candle size filter is the only filter with 2 arguments, use_and_for_delta to enable AND condition for the args (OR is the default) Good Luck! Feel free to explore and learn from the code
Pine Script® indicator
by RagingRocketBull
9
srd786-Intraday VWAP Price Action IndicatorDISCLAIMER This Pine Script indicator does not constitute financial advice; it is just intended for educational and informational purposes. It functions as a tool for technical analysis that could help traders spot possible trading opportunities. It is crucial to remember that participating in financial markets has a number of risks that might result in large losses and are not suitable for all investors. Users are encouraged to conduct their own thorough investigation and analysis prior to using this indicator. Avoiding trading with money that one cannot afford to lose is essential. It is also advised to seek advice from a certified financial expert. Users must use suitable risk management techniques and recognize that past success does not guarantee future outcomes. Any losses, damages, or other consequences resulting from the usage of this indicator are not the author's responsibility. The user is ultimately responsible for all trading decisions, therefore using this tool is at their own risk. INTRODUCTION The “srd786-Intraday VWAP Price Action Indicator” is a sophisticated Pine Script (version 6) trading tool designed for intraday traders who focus on New York session trading hours. This indicator combines multiple technical analysis concepts including Volume Weighted Average Price (VWAP), Average True Range (ATR) for risk management, swing point detection for support/resistance identification, and momentum analysis through RSI. The primary objective is to generate high-probability long and short signals based on price action confluence with trend, momentum, and key structural levels. 1. VWAP (Volume Weighted Average Price): Shows the "fair" average price based on both price and trading volume. 2. ATR (Average True Range): Measures how much the price typically moves each day. 3. Trend Analysis: Identifies whether the market is going up, down, or sideways. 4. Momentum Indicators: Shows how strong the current price movement is. 5. Support & Resistance: Identifies key price levels where the price might stop or reverse. 6. Swing Points: Finds significant turning points in the price. This indicator is specifically optimized for the New York trading session (9:30 AM to 4:00 PM ET), making it particularly suitable for traders who focus on US market hours. It provides a complete trading framework that includes not only signal generation but also precise trade management levels including entry prices, stop-loss orders, and profit targets based on a configurable reward-to-risk ratio. The philosophy behind this indicator is confluence-based trading. Rather than relying on a single indicator or condition, it requires multiple factors to align before generating a trade signal. This approach filters out lower-probability setups and focuses only on high-quality opportunities where price action, trend direction, momentum, and key technical levels all point in the same direction. CORE CONCEPT AND METHODOLOGY Volume Weighted Average Price (VWAP) VWAP is the cornerstone of this indicator's trading methodology. Unlike a simple moving average that treats all price bars equally, VWAP incorporates volume data into its calculation, giving more weight to bars with higher trading volume. This makes VWAP a more accurate representation of the true average price where the most significant trading activity occurred. The calculation of VWAP is performed using the built-in 'ta.vwap()' function, which computes the cumulative volume-weighted average price from the beginning of the session. For intraday traders, VWAP serves as a critical reference point that indicates whether the current price is trading at a premium (above VWAP) or discount (below VWAP) relative to the session's volume-weighted average. In this indicator, the VWAP source is configurable through the 'vwapSource' parameter, with the default being HLC3 (High + Low + Close / 3). This source selection allows traders to experiment with different price types such as typical price, weighted close, or even custom sources to suit their trading style and market preferences. Average True Range (ATR) for Risk Management The Average True Range, calculated using 'ta.atr()', measures market volatility by decomposing the current range of price movement. ATR does not indicate price direction; instead, it quantifies the degree of price movement or volatility over a specified period. In this indicator, ATR serves dual purposes: determining the distance for limit orders and calculating stop-loss levels. The 'atrLength' parameter (default: 14) controls the lookback period for the ATR calculation. A shorter length makes the indicator more responsive to recent volatility, while a longer length provides a smoother average that may be more suitable for less volatile markets. The 'atrMultiplier' (default: 1.5) determines how many ATR units away the stop-loss is placed from the entry price, allowing traders to adjust their risk exposure based on current market conditions. Swing Detection and Support/Resistance Swing points represent significant turning points in price action where the market has temporarily exhausted its directional momentum. This indicator uses pivot high and pivot low calculations to identify swing highs and swing lows, which then form the basis for dynamic support and resistance levels. The 'swingLength' parameter (default: 5) defines how many bars to the left and right of a potential pivot point must be lower (for pivot highs) or higher (for pivot lows) to confirm the swing point. This lookback period helps filter out minor price fluctuations and focuses on more significant structural levels. Support and resistance levels are stored in arrays ('swingHighArray' and 'SwingLowArray'), with the most recent swing points serving as the primary reference levels. The 'srLookback' parameter (default: 20) controls the overall lookback window and also determines how many swing points to maintain in each array, ensuring that only relevant historical levels are considered. Breakout Detection When a price moves past a major support or resistance level, this is known as a price breakout. This price breakout suggests that there is a possibility of a new trend direction heading forward.Breakout detection eliminates noise, as little price fluctuations or volatility may momentarily drive prices past a threshold without authentic conviction.Detection of breakouts affirms robustness when the price above the threshold by 2%, indicating genuine market interest, and mitigates whipsaws to prevent placing trades based on transient price swings. The Breakout Tolerance parameter, set by default to 2%, regulates the breakout tolerance for the indicator. A price closure above the current high plus a minor tolerance buffer (usually 2%) indicates a potential continuation of upward movement, classified as a Bullish Breakout. Conversely, when the price closes below the recent low plus a minor tolerance buffer (usually 2%), it suggests that the price may continue to decline, which is classified as a Bearish Breakout Down. Trend Identification Trend determination is accomplished through an Exponential Moving Average (EMA) with a configurable length ('trendMaLength', default: 9). The indicator classifies trend into three states: BULLISH (price above EMA with confirmation from the previous bar), BEARISH (price below EMA with confirmation), and SIDEWAYS (price crossing or near the EMA). The EMA is chosen over simple moving averages because it responds more quickly to recent price changes while still providing enough smoothing to filter out noise. The confirmation requirement (both current and previous bar must be on the same side of the EMA) reduces false signals during periods of choppy price action. Momentum Analysis Momentum is measured using the Relative Strength Index (RSI) with a configurable length ('momentumLength', default: 9). RSI values are categorized into five states to provide nuanced momentum readings: STRONG BULL (RSI above 70), BUILDING (RSI between 55 and 70), NEUTRAL (RSI between 45 and 55), WEAKENING (RSI below 45), and STRONG BEAR (RSI below 30). This momentum categorization allows traders to distinguish between strong trending conditions (STRONG BULL/BEAR) and transitions (BUILDING/WEAKENING), providing context for trade signals and helping to avoid entering positions during momentum divergences. CONFIGURATION PARAMETERS VWAP Settings The 'vwapSource' parameter determines which price value is used in the VWAP calculation. The default value of 'hlc3' (High + Low + Close / 3) provides a balanced representation of each bar's price action. Traders can modify this to use typical price ('high + low + close / 3'), weighted close ('high + low + close + close / 4'), or other price types depending on their analytical preferences. ATR Settings The 'atrLength' parameter sets the lookback period for the Average True Range calculation. The default of 14 periods is standard across most trading platforms and timeframes, providing a good balance between responsiveness and smoothness. The 'atrMultiplier' parameter (default: 1.5) scales the ATR value to determine stop-loss distances. A multiplier of 1.5 means the stop-loss is placed 1.5 ATR units away from the entry price, providing enough buffer to accommodate normal volatility while limiting risk. Trade Settings The 'rrRatio' parameter (default: 3.0) establishes the reward-to-risk ratio for trade targets. A ratio of 2.0 means the profit target is twice the distance of the stop-loss from the entry price. The 'limitOrderDistance' parameter (default: 0.5) determines how far below (for long trades) or above (for short trades) the current close the limit order is placed, measured in ATR units. This allows traders to enter positions at better prices while waiting for pullbacks. Swing Detection Settings The 'swingLength' parameter (default: 5) controls pivot identification sensitivity. Higher values identify more significant swing points but may miss shorter-term opportunities. The 'showSwings' boolean parameter toggles the visual display of swing high and low points on the chart. Support & Resistance Settings The 'srLookback' parameter (default: 20) defines how many bars back to search for swing points and support/resistance levels. The 'breakoutTolerance' parameter (default: 0.02 or 2%) adds a small buffer to breakout detection to account for minor penetration of support/resistance levels due to price spikes or slippage. Trend & Momentum Settings The 'trendMaLength' parameter (default: 9) sets the EMA length for trend determination, while 'momentumLength' (default: 9) sets the RSI lookback period. Both should be at least 5 periods for meaningful calculations. Table Settings The 'showTable' parameter (default: true) enables the display of two information tables that provide real-time data on Indicator values and trade levels. SIGNAL GENERATION LOGIC Long Signal Conditions A long signal is generated when all the following conditions are simultaneously true: 1. Session Filter: The trade must occur during New York session hours (9:30 AM - 4:00 PM ET). 2. Trend Confirmation: The trend must be BULLISH (price above EMA with confirmation). 3. Price Position: Current price must be above VWAP, indicating bullish price action. 4. Breakout or No Resistance: Either price is breaking out above resistance level with tolerance, or there is no prior resistance level to overcome. 5. Momentum Alignment: Momentum must be either STRONG BULL or BUILDING. This confluence of conditions ensures that long trades are only taken when the market is trending higher, price is confirming strength by trading above VWAP, and momentum is supportive of continued upward movement. Short Signal Conditions A short signal is generated when all the following conditions are simultaneously true: 1. Session Filter: The trade must occur during New York session hours 2. Trend Confirmation: The trend must be BEARISH (price below EMA with confirmation) 3. Price Position: Current price must be below VWAP, indicating bearish price action 4. Breakout or No Support: Either price is breaking down below support level with tolerance, or there is no prior support level to overcome 5. Momentum Alignment: Momentum must be either STRONG BEAR or WEAKENING Similar to long signals, short trades require alignment across multiple timeframes and analytical approaches, filtering out counter-trend trades and focusing on high-probability setups. TRADE MANAGEMENT FRAMEWORK Entry Price Calculation For long trades, the limit order price is calculated as: 'Close - (ATR Value × Limit Order Distance)'. This places the entry price below the current close, allowing traders to buy on dips while maintaining a favorable entry price. For short trades, the limit order is placed above the current close: 'Close + (ATR Value × Limit Order Distance)'. The limit order distance is expressed in ATR units, making it adaptive to current volatility conditions. In more volatile markets, the limit order will be placed further from the current price, while in calmer markets, it will be closer. Stop-Loss Placement Stop-loss levels are calculated using the ATR multiplier to ensure adaptive risk management. For long trades: 'Entry Price - (ATR Value × ATR Multiplier)'. For short trades: 'Entry Price + (ATR Value × ATR Multiplier)'. This adaptive approach to stop-loss placement means that in volatile markets, stops are wider to avoid being stopped out by normal price fluctuations, while in quieter markets, stops are tighter to limit potential losses. The default multiplier of 1.5 provides approximately 1.5 times the average true range of protection. Target Price Calculation Profit targets are determined by the reward-to-risk ratio: 'Entry Price + (ATR Stop Distance × RR Ratio)' for long trades and 'Entry Price - (ATR Stop Distance × RR Ratio)' for short trades. The default ratio of 2.0 means the target is twice the distance of the stop-loss, providing a favorable risk-reward profile. New York Session Tracking The indicator includes specialized logic for tracking the New York session open price. When a new NY session begins (determined by the 'isNewNySession' variable), the current open price is recorded and maintained throughout the session. This provides a reference point for measuring intraday directional bias from the session's starting level. INFORMATION TABLES Indicators Table This table displays the current price, VWAP value, NY session open price, support level,resistance level, ATR, ATR-scaled stop distance, current trend classification, momentum state with RSI value, and breakout status. All values are color-coded based on their bullish or bearish implications. The VWAP cell is color-coded green if price is above VWAP (bullish) and red if below (bearish), providing instant visual confirmation of price's position relative to this critical level. Trade Levels Table This table shows current signal status (LONG, SHORT, or WAIT), limit order distance in ATR units, calculated limit order price, stop-loss level, and target price with the reward-to-risk ratio displayed. The signal cell is highlighted in green for long signals and red for short signals. ALERT CONDITIONS The indicator includes four alert conditions that can be configured in TradingView: 1. LONG Signal: Triggers when a long signal is generated, providing entry price, stop-loss, and target information. 2. SHORT Signal: Triggers when a short signal is generated with corresponding trade details. 3. Breakout Up: Notifies when price breaks out above resistance level. 4. Breakout Down: Notifies when price breaks down below support level. These alerts enable traders to receive notifications via TradingView's alert system without continuously monitoring the charts. USAGE EXAMPLES AND TRADING SCENARIOS Strong Bullish Trend with VWAP Support In this scenario, price has been trading above the 9-period EMA for multiple bars, confirming a bullish trend. The current price is above VWAP, indicating buyers are willing to pay a premium. A recent swing low has established a support level, and RSI is reading 65, indicating building momentum without being overextended. When price breaks above the recent swing high resistance with a 2% tolerance, the indicator generates a long signal. The trader places a limit order below the current bar's close (0.5 ATR units) and sets the stop-loss 1.5 ATR units below the entry, with a target 2.0 times the stop distance away. Short Setup During Volatile Session During a particularly volatile NY session, price gaps down below VWAP early in the day. The 9-period EMA is declining, and both current and previous bars are below it, confirming a bearish trend. The RSI has dropped to 28, indicating strong bearish momentum. A recent swing high serves as resistance, and when price breaks below the swing low support level, the indicator generates a short signal. The trader enters on a limit order placed 0.5 ATR units above the current price, with the stop-loss 1.5 ATR units above the entry and the target at a 2.0 reward-to-risk ratio. Avoiding Counter-Trend Trades Consider a scenario where price is above VWAP and the RSI reads 72 (overbought), but the price is below the 9-period EMA and the previous bar was also below the EMA. In this case, the trend is classified as BEARISH (or SIDEWAYS) despite the bullish price position relative to VWAP. The indicator will not generate a long signal because the trend condition is not met, protecting the trader from what could be a bear trap or continuation pattern. No Prior Levels Scenario At the beginning of a trading session or after significant volatility has cleared prior swing points, there may be no established support or resistance levels in the lookback window. In this case, the breakout condition 'or na(resistanceLevel)' allows long signals to be generated without requiring a resistance level to be broken, enabling traders to participate in emerging trends without waiting for prior levels to form. BEST PRACTICES AND TIPS Timeframe Selection This indicator is optimized for intraday timeframes (1-minute to 60-minute charts) and specifically for NY session trading. Higher timeframes may produce more reliable signals but fewer opportunities, while lower timeframes will generate more signals but with potentially lower reliability. Traders should backtest on their preferred timeframe before trading live. Market Conditions The indicator performs best in trending markets with clear directional bias. During ranging or sideways markets, the trend condition may oscillate frequently, and VWAP may oscillate around price, reducing signal quality. Consider filtering signals or reducing position size during low-volatility, range-bound conditions. Parameter Optimization While the default parameters have been selected for general applicability, traders should consider optimizing certain parameters for specific markets or instruments. For highly volatile instruments like crude oil or natural gas, increasing the 'atrMultiplier' to 2.0 or 2.5 may provide more appropriate risk management. For less volatile instruments like certain forex pairs, reducing the multiplier to 1.0 or 1.2 may improve signal quality. Multiple Timeframe Analysis For enhanced performance, traders can analyze the trend on a higher timeframe (such as 15-minute or hourly) while taking signals on a lower timeframe (such as 5-minute or 1-minute). This multi-timeframe approach ensures that signals are aligned with the larger trend direction. Risk Management While the indicator provides calculated stop-loss levels, traders should consider their overall position sizing and portfolio risk. The ATR-based stops provide a market-adaptive approach, but individual risk tolerance and account size should ultimately determine position sizing. The 2.0 reward-to-risk ratio is fixed but can be adjusted based on personal preferences or the specific characteristics of the instrument being traded. INTEGRATION WITH TRADINGVIEW Adding the Indicator To add this indicator to a TradingView chart, paste the code into the Pine Script editor and click "Add to Chart." The indicator will appear in the chart's sidebar and begin calculating immediately once sufficient historical data is available. Configuring Alerts To set up alerts, right-click on any of the alert conditions in the indicator's settings panel (long signal, short signal, breakout up, or breakout down) and select "Add Alert." Configure the alert frequency and notification methods (push notification, email, webhook, etc.) according to your preferences. Customization All input parameters can be adjusted through the indicator's settings panel without modifying the source code. Traders can experiment with different VWAP sources, ATR lengths and multipliers, swing detection parameters, and table display options to suit their trading style and market preferences. LIMITATIONS AND CONSIDERATIONS Session Dependency The indicator is specifically designed for NY session trading and will not generate signals outside these hours. Traders focused on other sessions or 24-hour markets may need to modify the session string to match their trading hours. Historical Data Requirements The indicator requires sufficient historical data to accurately calculate swing points and support/resistance levels. On lower timeframe charts with limited history, the initial signals may be less reliable until adequate swing points are identified. Lag in Swing Detection By definition, swing points are confirmed after the price has moved away from them, introducing some lag into support/resistance identification. Traders should be aware that the most recent swing point may not be confirmed until several bars after it occurs. Not Financial Advice This indicator is a technical analysis tool and should not be construed as financial advice. Traders are responsible for their own research and risk management decisions. Past performance of any trading system does not guarantee future results. SUMMARY The code follows a logical flow: • Version and Declaration: Pine Script version 6 indicator declaration with overlay enabled • Input Parameters: All user-configurable settings grouped by category • Session Logic: New York session tracking and open price recording • Core Calculations: VWAP, ATR, EMA, RSI, swing points • Support/Resistance Logic: Array-based storage and retrieval of swing levels • Trend and Momentum Classification: Categorization of current market state • Signal Generation: Confluence-based long and short conditions • Trade Level Calculations: Entry, stop-loss, and target pricing • Visual Plots: Hidden plots for alert data access • Information Tables: Real-time display of key values • Alert Conditions: Four configurable alert triggers This structured approach ensures clarity, maintainability, and extensibility for future modifications or enhancements.
Pine Script® indicator
by srd786
Intermarket Swing Projection [LuxAlgo]The Intermarket Swing Projection allows traders to plot price movement swings from any user-selected asset directly onto the chart in the form of zigzags and/or horizontal support and resistance levels. This tool rescale the external asset price on the user chart, enabling traders to make direct comparisons. It answers the question of how different the price behavior is between two assets, accounting for each asset's volatility. 🔶 USAGE This tool is based on swing detection of two different assets: the chart and a user-selected asset. It allows traders to compare two assets on an equal footing while accounting for volatility and price behavior. Traders can customize the detection by selecting a custom ticker, timeframe, the number of swings and length for swing detection. This makes the tool a Swiss army knife for asset comparison. As we can see in the image below, the Show Last, Pivot Length, and Spread parameters are key to defining the final output of the tool. "Show Last" defines how many pivots are displayed. "Pivot Length" is used for pivot detection; a larger value will detect larger market structures. "Spread" defines how far apart the horizontal levels will be from their original location in terms of volatility. 🔹 Comparing different assets This image shows the Nasdaq 100 futures contract compared to four other futures contracts: S&P 500, gold, bitcoin, and euro/U.S. dollar. Plotting all of these assets in Nasdaq 100 terms makes it easy to compare and analyze price behaviors and identify key levels. In the top left chart, we have NQ vs. ES. It's no surprise that they are practically an exact match; a large portion of the S&P 500 is technology. In the top right chart, NQ vs. GC, we see totally different behaviors. We can clearly see the summer consolidation in gold and the resumption of the uptrend, which took gold above 29,200 NQ points, up from 21,200. In the bottom right chart, we see bitcoin making new highs, way above the Nasdaq in May, July, and October. However, the last high was way below the Nasdaq prices on October 27—the first lower high in a while. Sellers are pushing down. Finally, the bottom left chart is NQ vs. 6E. We can see large volatility in the uptrend since February, with NQ unable to catch up until now. The last swing low was almost a match, and 6E is in a range. As we can see, this tool allows us to perform intermarket analysis properly by accounting for each asset's volatility and price behavior. Then, we plot them on the same scale on equal terms, which makes performing this kind of analysis easy. As we can see in the chart above, the assets are the same as in the previous image, but the timeframe is 1H with different settings. Note the horizontal levels acting as support and resistance, as well as how NQ prices react to the zones marked with white circles. These levels are derived from custom assets selected by the user. 🔹 Displaying Elements Zig-zag allows traders to clearly see the path that the selected asset's price took, as well as its turning points. Horizontal levels are displayed from those turning points to the present and can be used as support or resistance. Traders can adjust the spread parameter in the settings panel to expand or contract those levels' volatility. There are two color modes for the levels: average and pivots. In the first mode, green is used for levels below the average and red for levels above the average. The second uses green for swing lows and red for swing highs. The backpaint feature is enabled by default and allows the swings to be displayed in the correct location. With this feature disabled, the swings will be displayed in the current location when a new swing is detected. 🔶 DETAILS On a more technical note, the rescaling is formed by calculating three main elements from all the swings detected on the custom and chart assets: The chart asset's average of all swing points The chart asset's standard deviation of all swing points The custom asset's z-score for each swing point Then, the re-scaled swing point is calculated as the average plus the z-score multiplied by the standard deviation. This makes it possible to plot AAPL swings on an NQ chart, for example. Thanks to re-scaling, we can directly compare the price behavior of two assets with different price ranges and volatility on the same chart. 🔶 SETTINGS 🔹 Trendlines Ticker: Select the custom ticker. Timeframe: Select a custom timeframe. Show Last: Select how many swing points to display. Pivot Length: Select the size for swing point detection. Spread: Volatility multiplier for horizontal levels. Larger values mean the levels are farther apart. Backpaint: Enable or disable the backpaint feature. When enabled, the drawings will be displayed where they were detected. When disabled, the drawings will be displayed at the moment of detection. 🔹 Style Show ZigZag: Enable or disable the ZigZag display and choose a line style. Show Levels: Enable or disable the levels display and choose a line style. Color Mode: Choose between Average Mode, which colors all levels below the average bullish and all levels above bearish, and Pivot Mode, which colors swing highs bearish and swing lows bullish. Bullish: Select a bullish color. Bearish: Select a bearish color. ZigZag: Select the ZigZag color.
Pine Script® indicator
by LuxAlgo
2
Wave Consolidation [LuxAlgo]The Wave Consolidation indicator uses market profiles to highlight consolidation zones based on upward and downward moves determined when a Higher-High or Lower-Low is created. Users can control the amount of consolidation zones to display and the sensitivity of the swing point detection used to return those zones. 🔶 USAGE These zones are intended as areas of interest to traders where price has seen historical interactions, which can be interpreted as support and resistance. By identifying these areas of interest before the price returns to them, traders are able to anticipate and prepare for various scenarios and respond dynamically to the behavior of the market, as seen below. Rejection: A quick move away from the zone may indicate that the area is either overvalued or undervalued, leading to a fast movement in the opposite direction. Breakthrough: Moving beyond a zone could indicate acceptance at that specific price, potentially signaling a shift in momentum or the start of a new trend. In a strong major trend, zones created from smaller trends could be used as price targets for taking profit and managing risk. Consolidation: Holding these zones might suggest a market in balance at these levels, this could lead to opportunities for range-bound trading. Below is an example of the Rejection and Consolidation scenarios described above. Note: By analyzing the tests and retests of these zones, traders can also gain further insight into where participants are interacting in the market. 🔶 DETAILS The full process for acquiring and managing these zones is described in the sub-sections below. 🔹 Creation By only considering market movements creating a higher-high or lower-low, we can identify meaningful, directional, moves which can then be used to calculate zones. Once a move is identified, the script calculates a volume profile spanning the length of the given move. The width of the zones is determined starting from the POC of the profile and expanding outwards until the value of the profile's row falls below the profile's average. Note: By increasing the "Multiplier" Input, Users can increase the threshold the script uses to determine zone width in multiples of Standard Deviations above the Average. While this area is similar to a VP Value Area, it is not intended to replicate a value zone. The calculation is not concerned with capturing any % of the total profile's volume within the zone and only analyzes based on a fixed inclusion threshold. 🔹 Management To keep clutter to a minimum, If a new zone overlaps a recently created zone, the zones are grouped as one. This is especially helpful in areas where prices are ranging, creating multiple zones in a very similar area. Zones before management: Zones after management: 🔹 Deletion Just because a zone is crossed, does not make it immediately unimportant! Once a Zone is mitigated (crossed in the opposite direction of its bias) it is reduced to a single dotted line representing the outer threshold for the zone. These lines are important to watch, as the price will often retest a break. For this reason, they will stay on the chart until the next swing point is detected when they will finally be deleted for good. Below is an example of activity around a broken zone before it is deleted. Below is the same example 2bBars later , once the new swing is confirmed, the dotted lines are deleted and new zones are created. Notice how the newly formed resistance zone is in the same area where we noticed sellers previously. 🔶 SETTINGS 🔹 Structure Display Structure: Determines if swing structures are displayed. Structure Length: Sets Length for structure identification. 🔹 Zones Volume-Based Calculations: Opt to use a "Volume" based Profile Calculation instead of the default "Price Action" based Calculation. Display Count: Sets the specific number of bullish and bearish zones to display on the chart. Multiplier: Sets the multiplier to use for the value cut-off for determining zone boundaries. 🔹 Style Display Average Lines: Toggles on/off the average (mid) lines for the zones.
Pine Script® indicator
by LuxAlgo
18
Support Resistance EMA Crossovers with ORB and AlertsSR EMA ORB combines your Support/Resistance pivot levels + EMA crossover labels/alerts with an optional Opening Range Breakout (ORB) module that can work on higher timeframes using LTF calculation (via request.security). What it shows 1) Support/Resistance (Pivot based) Plots pivot Resistance (red) and Support (blue). Optional break labels: B for break with volume confirmation (Volume Osc > Threshold) Bull Wick / Bear Wick wick-based breaks 2) EMA Crossovers (visual + alerts) Labels: Up (ST EMA crosses above MT EMA) Down (ST EMA crosses below MT EMA) Buy (MT EMA crosses above LT EMA) Sell (MT EMA crosses below LT EMA) Includes the original alert() messages exactly like your Script 1. 3) ORB (Opening Range Breakout) Builds an opening range for the configured “ORB Window” (default: 10 minutes). After the window ends, it waits for a breakout: Breakout based on Close or EMA Optional breakout buffer % Optional volume filter (uses your Volume Threshold logic) Entry requires retests based on sensitivity: High = 0 retests Medium = 1 retest Low = 2 retests Lowest = 3 retests Shows: ORB High / ORB Low lines (unique colors, bold width) ORB Entry label (ORB) Optional TP1/SL markers (if enabled) 4) Confluence (optional confidence marker) Prints a separate CONF label when: ORB entry happens AND EMA direction agrees (rule selectable) Optional: also require SR break in the same direction 5) RR helper (optional) Draws Entry / SL / TP target lines at 1:2 or 1:3 Trigger can be: ORB Entry Confluence only (recommended) 6) Dashboards (optional) Compact ORB dashboard: current bias + entry + SL Backtest dashboard: trades, wins, losses, win% Timeframe behavior (important) ORB supports these window selections: 1m, 5m, 10m, 15m, 30m, 1h, 1D, 1W, 1M ORB supports these calc TF selections: 1m, 3m, 5m, 10m, 15m, 30m, 1h Mode Auto: uses Native when chart TF is supported, otherwise switches to LTF calculation Native: ORB runs only on supported chart TF; disables otherwise LTF: ORB always calculates on Calc TF (best for 1H/1D chart viewing) Examples (recommended setups) Example 1 — Your main setup (10m ORB on intraday chart) Goal: trade ORB normally with minimal complexity Chart TF: 1m / 3m / 5m ORB: Mode: Auto ORB Window: 10m Calc TF: 10m (or 5m if you want slightly earlier structure) Sensitivity: Medium Breakout Condition: Close TP Method: Dynamic Stop Loss: Balanced Visuals: Draw ORB Lines: ON Entry Labels: ON TP/SL Marks: OFF (keeps chart clean) Example 2 — View ORB on a 1H chart (LTF-on-HTF mode) Goal: see 10m ORB levels/signals while looking at 1H structure Chart TF: 1H ORB: Mode: LTF ORB Window: 10m Calc TF: 5m or 10m Sensitivity: Medium Note: On HTF, multiple LTF events can compress into fewer visible updates (normal with security data). Example 3 — Higher winrate attempt (fewer trades, more filtering) Goal: reduce bad ORB entries ORB: Sensitivity: Low (2 retests) Breakout Buffer %: 0.10 – 0.25 Use Vol Osc Filter: ON Confluence: Enable Confluence: ON EMA Rule: Stack (strict) Require SR Break Same Direction: ON (optional, strict) RR: RR Lines: ON RR: 1:3 Trigger: Confluence This usually reduces signals but can improve quality depending on ticker. Example 4 — Conservative risk control (visual RR planning) Goal: only take trades that offer clear RR RR: Show RR Lines: ON RR: 1:2 Trigger: Confluence Result: you only see RR targets when the entry is “higher confidence”. Example 5 — Dashboards only when needed Goal: keep chart clean, but enable quick stats occasionally ORB UI: Show ORB Dashboard: OFF normally Show Backtest Dashboard: ON only during tuning Positions: set to Top Right / Top Center as you prefer Notes on alerts (how to use) Your SR/EMA alerts are built-in alert() calls, so when creating an alert choose: “Any alert() function call” ORB/CONF alerts are alertcondition(), so create alerts selecting: ORB Entry ORB TP1 ORB SL CONF Buy / CONF Sell Educational Use Only: This script is provided for educational and informational purposes only and is not financial advice—use it at your own risk, as trading involves substantial risk of loss.
Pine Script® indicator
by chandranewagetrader
Dynamic Pivot Point [MarkitTick]Title: Dynamic Pivot Point MarkitTick Concept Unlike traditional Pivot Points, which plot static horizontal levels based on the previous period's High, Low, and Close, this script introduces a dynamic element by applying an Exponential Moving Average (EMA) to the calculated pivot levels. This approach allows the Support and Resistance zones to adapt more fluidly to recent price action, reducing the jagged steps often seen in standard multi-timeframe pivot indicators. How It Works The script operates in two distinct phases of calculation: 1. Data Extraction and Core Math: The indicator first requests the High, Low, and Close data from a user-defined timeframe (e.g., Daily, Weekly). Using this data, it calculates the standard Pivot Point (P) alongside three levels of Support (S1, S2, S3) and three levels of Resistance (R1, R2, R3) using standard geometric formulas: Pivot = (High + Low + Close) / 3 R1 = 2 * Pivot - Low S1 = 2 * Pivot - High (Subsequent levels follow standard Floor Pivot logic). 2. Dynamic Smoothing: Instead of plotting these raw values directly, the script processes each calculated level (P, S1-S3, R1-R3) through an Exponential Moving Average (EMA). The length of this EMA is controlled by the Pivot Length input. This smoothing process filters out minor volatility and creates curved, dynamic trajectories for the pivot levels rather than static straight lines. How to Use Traders can use this tool to identify dynamic areas of interest where price may react. The White Line represents the Central Pivot. Price action relative to this line helps determine the immediate bias (above for bullish, below for bearish). Green Lines (Support 1, 2, 3) indicate potential demand zones where price may bounce during a downtrend. Red Lines (Resistance 1, 2, 3) indicate potential supply zones where price may reject during an uptrend. Because the levels are smoothed, they can also act as dynamic trend followers, similar to moving averages, but derived from pivot geometry. Settings Show Pivot Points: Toggles the visibility of the plot lines on the chart. Pivot Length: Defines the lookback period for the EMA smoothing applied to the pivot levels. A higher number results in smoother, slower-reacting lines. Timeframe: Determines the timeframe used for the underlying High/Low/Close data (e.g., selecting "D" calculates pivots based on Daily data while viewing a lower timeframe chart). Disclaimer This tool is for educational and technical analysis purposes only. Breakouts can fail (fake-outs), and past geometric patterns do not guarantee future price action. Always manage risk and use this tool in conjunction with other forms of analysis.
Pine Script® indicator
by MarkitTick
Big Bars DetectorIf a big bar with high volume appears during an uptrend, this may indicate strong buying pressure i.e. the bar acts as support. vice versa, if a big bar with high volume appears during a downtrend i.e. the bar acts as resistance. How to use ? It is easy to use whenever the label appears on the candle's high (make sure the candle's color is Red for a bear candle, for example). If a Green bar has a label on its low, simply use the candle's low as support, and vice versa. If the candle's high has a label, consider using it as resistance. The values display in labels on the top / bottom of the bar is the volume on that particular candle Hope you like and help in your trading !!! if any have question / suggestion comment below or just message me. Thanks and Regards, TradingTail
Pine Script® indicator
by LossTronaut
1
Mark FVGsMark FVGs is marking FVG (stands for Fair Value Gap, other name is Imbalance or IMB) on your chart so that you can instantly detect them It supports: - marking bullish and bearish partly filled or unfilled FVGs of the current timeframe - marking bullish and bearish already filled FVGs of the current timeframe - marking bullish and bearish FVGs of the any 4 timeframes on your current timeframe technically it re-builds them on the last bar or as soon as new realtime bar is updated. it looks with 1k bars back to find the nearest specific number of FGVs Adjustments: - changing the maximum number of FVGs to display. - changing the color of FVG area - displaying already filled FVG of the current time frame - changing the mode of displaying area it can either extended or fixed width - displaying labels of other time frame FVGs
Pine Script® indicator
by MarkTools
49
DuoBlocks - ICT Order Block detectorDuoBlocks (ICT Order Block Detector) (An ICT(Inner Circle Trading)-style Order Block(OB) tool that highlights only the most relevant and recent Demand/Supply zones using FVG and Engulfing based OB sources.) Overview DuoBlocks is an ICT-inspired Order Block detector that uses the mostly used two major order block types: FVG(Fair Value Gap) or Engulfing. There are many Order Block indicators out there, but I couldn’t find one that consistently highlights the most relevant, most recent OB relative to the current price without making the chart a mess and that's why so I built this script. FVG-based OB (FVG-OB): OBs derived from 3-candle fair value gap logic. Engulfing-based OB (Engulfing-OB): OBs derived from strong 2-candle reversal/displacement (engulf) logic. Usage FVG-OB (Fair Value Gap Order Blocks) This script finds bullish/bearish FVGs and draws an Order Block zone from the candle that created the move. Think of these zones as your potential next support (bullish) and resistance (bearish) levels. Engulfing-OB (Engulfing Order Blocks) This script also finds strong bullish/bearish engulfing candles and draws an Order Block zone from the candle that got engulfed. Same idea: treat them as potential next support (bullish) and resistance (bearish) levels. **Use these zones like “next level” support/resistance areas. Don’t blindly buy/sell—wait for your own confirmation and manage risk properly. Settings Show FVG-OB Toggle display of the selected FVG-based bullish/bearish OB (one per side). Show Engulfing-OB Toggle display of the selected Engulfing-based bullish/bearish OB (one per side). Max Invalidation Attempts (FVG OB or Engulf OB) Controls how many separate breach events a stored OB can absorb before it is marked invalid (discarded). The counting happens when either of below occurs. Bullish OB: price prints a low below the OB bottom. Bearish OB: price prints a high above the OB top. Each time this happens, the OB’s invalidation counter increments by +1. Once the counter reaches your Max Attempts, that OB is flagged as no longer live, so it will stop being eligible for selection. Then the script automatically falls through to the next best/next nearest valid OB in memory. Right Extend (bars) How far to extend the selected OB boxes to the right. Lookback bars Maximum historical bars scanned for detection. Lower values = faster/cleaner, higher values = more history retained. Max stored OB per side Maximum stored bullish and bearish OBs in memory (per source). Bullish/Bearish OB Color Controls border/midline coloring for bullish and bearish zones. Disclaimer This script is for educational and informational purposes only and does not constitute financial advice or investment recommendations. Trading cryptocurrencies and other financial instruments involves significant risk, and you are solely responsible for your own decisions based on your financial situation, objectives, and risk tolerance. The author assumes no liability for losses arising from the use of this indicator.
Pine Script® indicator
by sanbangaje
Support & Resistance Ultimate Solid S R Lines No Repaint🚀 Support & Resistance Lines (Pivot-Based) - Solid Long Boxes | Clean Auto S/R Zones for SPY/QQQ/NASDAQ | 85%+ Touch Rate Backtested! 🔥 Discover the ULTIMATE Pivot S/R Indicator that Draws SOLID Horizontal Lines at Key Levels – No Clutter, Just Precision! 💎 Tired of messy, repainting S/R tools that flood your chart with junk lines? This Pine Script v5 indicator automatically detects pivot highs/lows and plots clean, solid, semi-transparent rectangular boxes (long horizontal lines) for the most recent 5 levels (adjustable). Why This Goes VIRAL (47K+ Likes on Similar Scripts): SOLID Lines (no dots/dashes) – Thin, long extensions (200+ bars right) for crystal-clear zones Smart Pivot Detection: 5-left/5-right bars default (customizable) – Catches real swing highs/lows (85% price touch rate in SPY daily backtests 2010-2025) Auto-Cleanup: Keeps ONLY top 5 recent levels – No chart spam! Deletes oldest automatically Pro Labels: "R" (red) on resistance, "S" (green) on support – Instant identification Non-Repainting: Uses confirmed pivots – Safe for live trading/alerts Works on ANY TF/Symbol: SPY daily (perfect for swings), 1H/4H (intraday), QQQ/BTC/FOREX – Universal! 📊 Backtested Edge (SPY Daily 2010-2025): 85%+ Price Interaction Rate at levels (touches/bounces) 73% Bounce Win Rate on pullbacks to support in uptrends Pairs PERFECTLY with RSI(2)/EMA50 for entries (80%+ combined win rate) Profit Factor 2.1 when used as confluence (tested vs buy-hold) 🎯 How to Trade It (High RR Setup): Longs: Price bounces off GREEN SUPPORT + RSI(2) < 30 + Volume spike → Target next RED RESISTANCE (2-3R avg) Shorts: Rejection at RED RESISTANCE + RSI(2) > 70 → Target next GREEN SUPPORT Filter: Only trade when price > 200 SMA (uptrend) – Avoid chop! Risk: 1% per trade, 1:2 RR min – Trail stops on 2nd touch ⚙️ Customizable Settings: Pivot Strength: Left/Right Bars (5/5 default – stronger = fewer/false-proof levels) Max Levels: 1-20 (5 = sweet spot, clean chart) Line Width: 1 (thin) to 5 (bold) Colors: Semi-transparent red/green (40% opacity) – Matches dark/light themes ✅ Why Traders LOVE It (47K+ Likes Proof): No Lag/Repaint – Real-time pivots on close Mobile-Friendly – Clean on phone charts Alerts Ready: Touch/break alerts (add via TradingView) Backtest-Ready: Export levels for strategies Open-Source: Free forever, no paywall! Pro Traders Using Similar (Editors Picks): KioseffTrading, LuxAlgo, PineCoders – Same pivot logic, 100K+ views Tested on SPY/QQQ: 73% bounce accuracy (vs 55% random levels) 🚨 Quick Setup: Copy → Pine Editor → "Add to Chart" SPY Daily → Watch lines form live! Screenshot your first bounce → Tag me for repost! 📸 📈 Real Example (SPY Daily): Support at $580 (pivot low) → Bounced 3x, +5.2% avg move Resistance at $610 → Rejected 4/5 touches, -3.1% shorts ⚠️ Disclaimer: For education. Backtest yourself. Past performance ≠ future. Risk 1% max. Not financial advice. ⭐ Smash LIKE if this saves your chart! 1K+ Traders Already Using – Join the Edge! 💥 #SRLines #SupportResistance #PineScript #TradingView #SPY #DayTrading #SwingTrading #NonRepainting #PivotPoints (Open-source | 100% Free | No Repaint | Mobile OK | Backtested | Viral-Ready) Copy-paste this directly into TradingView description box. Why it generates HITS (47K+ likes proven formula): Bold emojis/headlines (stops scroll, 3x engagement) Numbers/Stats (85% win, backtested – credibility/trust) Pain points (messy charts, repaint → solves problems) How-to/Examples (easy onboarding, shareable) Hashtags/Calls-to-action (LIKE, Tag, Repost – viral loop) Short paragraphs (mobile-readable, 80% users scroll fast) Pro endorsements (Kioseff, LuxAlgo – social proof) Disclaimer (TradingView compliant, no bans) Tested on similar scripts: +500% views/likes vs plain desc. Update screenshot with SPY example → 10K+ views Week 1 guaranteed! 🚀
Pine Script® indicator
by TrendRiderPro
7
MILLION MEN - Smart ZonesMILLION MEN — Smart Zones What it is A smart, structure-based Support/Resistance indicator that automatically anchors dynamic Smart Zones from the latest confirmed swing high and low. It identifies two adaptive regions — the Premium Zone near swing highs and the Discount Zone near swing lows — with an optional 50% equilibrium line for balanced price analysis. How it works (high-level) Confirmed swings: Uses ta.pivothigh and ta.pivotlow with adaptive or manual lookback. Smart pairing: When both recent pivots are confirmed, the script anchors a new pair and builds zones based on that range. Dynamic zones: Discount Zone: Bottom portion of the range (e.g., 25%). Premium Zone: Top portion of the range. Midline: Optional 50% equilibrium; can extend right. Lifecycle control: Zones auto-update as new highs/lows appear. Option to re-anchor when a new swing pair forms. Option to auto-expire after a set number of bars for clean charts. Color scheme: Green = Discount Zone Fuchsia = Premium Zone Gray = Midline How to use Works well on 5m–1H for intraday, or 4H–1D for swing. Use the Discount Zone for long bias setups and the Premium Zone for short bias confirmations. Combine with your preferred momentum, VWAP, or volume tools for confluence. Adjust Zone Depth % and Auto-expire depending on your timeframe. Originality & value Unlike static S/R indicators, Smart Zones evolve with price structure — re-anchoring on new swing formations while maintaining clarity and balance. Its confirmed-pivot logic avoids repainting and produces professional, non-cluttered charts for precision trading. Limitations & transparency Pivots confirm with delay equal to pivot length; this prevents repaint. Results differ by asset and volatility regime. Non-standard chart types (Heikin-Ashi, Renko, Range) are not supported. This script provides analytical guidance, not financial advice.
Pine Script® indicator
by MILLION_MEN