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Weekly Covered Calls Strategy with IV & Delta LogicWhat Does the Indicator Do? this is interactive you must use it with your options chain to input data based on the contract you want to trade. Visualize three strike price levels for covered calls based on: Aggressive (closest to price, riskier). Moderate (mid-range, balanced). Low Delta (farthest, safer). Incorporate Implied Volatility (IV) from the options chain to make strike predictions more realistic and aligned with market sentiment. Adjust the risk tolerance by modifying Delta inputs and IV values. Risk is defined for example .30 delta means 30% chance of your shares being assigned. If you want to generate steady income with your shares you might want to lower the risk of them being assigned to .05 or 5% etc. How to Use the Indicator with the Options Chain Start with the Options Chain: Look for the following data points from your options chain: Implied Volatility (IV Mid): Average IV for a particular strike price. Delta: ~0.30 Delta: Closest strike (Aggressive). ~0.15–0.20 Delta: Mid-range strike (Moderate). ~0.05–0.10 Delta: Far OTM, safer (Low Delta). Strike Price: Identify strike prices for the desired Deltas. Open Interest: Check liquidity; higher OI ensures tighter spreads. Input IV into the Indicator: Enter the IV Mid value (e.g., 0.70 for 70%) from the options chain into the Implied Volatility field of the indicator. Adjust Delta Inputs Based on Risk Tolerance: Aggressive Delta: Increase if you want strikes closer to the current price (riskier, higher premium). Default: 0.2 (20% chance of shares being assigned). Moderate Delta: Balanced risk/reward. Default: 0.12 (12%) Low Delta: Decrease for safer, farther OTM strikes. Default: 0.05 (5%) Visualize the Chart: Once inputs are updated: Red Line: Aggressive Strike (closest, riskiest, higher premium). Blue Line: Moderate Strike (mid-range). Green Line: Low Delta Strike (farthest, safer). Step-by-Step Workflow Example Open the options chain and note: Implied Volatility (IV Mid): Example 71.5% → input as 0.715. Delta for desired strikes: Aggressive: 0.30 Delta → Closest strike ~ $455. Moderate: 0.15 Delta → Mid-range strike ~ $470. Low Delta: 0.05 Delta → Farther strike ~ $505. Open the indicator and adjust: IV Mid: Enter 0.715. Aggressive Delta: Leave at 0.12 (or adjust to bring strikes closer). Moderate Delta: Leave at 0.18. Low Delta: Adjust to 0.25 for safer, farther strikes. View the chart: Compare the indicator's strikes (red, blue, green) with actual options chain strikes. Use the visualization to: Validate the risk/reward for each strike. Align strikes with technical trends, support/resistance. Adjusting Inputs Based on Risk Tolerance Higher Risk: Increase Aggressive Delta (e.g., 0.15) for closer strikes. Use higher IV values for volatile stocks. Moderate Risk: Use default values (0.12–0.18 Delta). Balance premiums and probability. Lower Risk: Increase Low Delta (e.g., 0.30) for farther, safer strikes. Focus on higher IV stocks with good open interest. Key Benefits Simplifies Strike Selection: Visualizes the three risk levels directly on the chart. Aligns with Market Sentiment: Incorporates IV for realistic forecasts. Customizable for Risk: Adjust inputs to match personal risk tolerance. By combining the options chain (IV, Delta, and liquidity) with the technical chart, you get a powerful, visually intuitive tool for covered call strategies.
Pine Script® indicator
by renderingnature1
1
Weekly COTAdjusted COT Index Improves upon: "COT Index Commercials vs large and small Speculators" by SystematicFutures How: CoT Indexes are adjusted by Open Interest to normalise data over time, and threshold background colours are in-line with Larry Williams recommendations from his book. Note: This indicator is **only** accurate on the Daily time-frame due to the mid-week release date for CoT data. This script calculates and plots the Adjusted Commitment of Traders (COT) Index for Commercial, Large Speculator, and Retail (Small Speculator) categories. The CoT Index is adjusted by Open Interest to normalise data through time, following the methodology of Larry Williams, providing insights into how these groups are positioned in the market with an arguably more historically accurate context. COT Categories ------------------- - Commercials (Producers/Hedgers): Large entities hedging against price changes in the underlying asset. - Large Speculators (Non-commercials): Professional traders and funds speculating on price movements. - Retail Traders (Nonreportable/Small Speculators): Small individual traders, typically less informed. Features ---------- - Open Interest Adjustment - The net positions for each category are normalized by Open Interest to account for varying contract sizes. - Customisable Look-back Period - You can adjust the number of weeks for the index calculation to control the historical range used for comparison. - Thresholds for Extremes - Upper and lower thresholds (configurable) are provided to mark overbought and oversold conditions. - Defaults - Overbought: <=20 - Oversold: >= 80 - Hide Current Week Option - Optionally hide the current week's data until market close for more accurate comparison. - Visual Aids - Plot the Commercials, Large Speculators, and Retail indexes, and optionally highlight extreme positioning. Inputs -------- - weeks - Number of weeks for historical range comparison. - upperExtreme and lowerExtreme - Thresholds to identify overbought/oversold conditions (default 80/20). - hideCurrentWeek - Option to hide current week's data until market close. - markExtremes - Highlight extremes where any index crosses the upper or lower thresholds. - Options to display or hide indexes for Commercials, Large Speculators, and Small Speculators. Outputs ---------- - The script plots the COT Index for each of the three categories and highlights periods of extreme positioning with customisable thresholds. Usage ------- - This tool is useful for traders who want to track the positioning of different market participants over time. - By identifying the extreme positions of Commercials, Large Speculators, and Retail traders, it can give insights into market sentiment and potential reversals. - Reversals of trend can be confirmed with RSI Divergence (daily), for example - Continuation can be confirmed with RSI overbought/oversold conditions (daily), and/or hidden RSI Hidden Divergence, for example
Pine Script® indicator
by madungandabas
Weekly BoxThe indicator shows a box based on the high and low of the previous week that extends into the current week. The box is used to monitor breakouts or break downs of the price with respect to the previous week levels. The box is colored: - green, if there is a breakout above the previous week high; or - red, if there is a break down below the previous week low; or - yellow, if the price stays inside of the box. during the current week. Labels for the box top and bottom prices can be enabled or disabled in the settings.
Pine Script® indicator
by danilogalisteu
1
Weekly Fibonacci Ind. & BB (Buy & Sell)Description : Fibonacci Retracements are used to estimate likely reversal points during an up- or down-trend. Percentage retracement levels, based on significant Fibonacci numbers, are plotted as horizontal lines against the latest trend move. 1. Blue and Red Line : The highest and lowest peak of candles. Blue line and Red line changes colors according to the position of candles above or below the 0.5 Fibonacci Retracements line. 2. Yellow Line : 0.5 Fibonacci Retracements line. 3. Green Line : BB Basis line. Reference of Fibonacci Retracements : www.incrediblecharts.com
Pine Script® indicator
by new0122
2
Days Of The Week📌 Indicator Description Days of the Week (Color + UTC-5 Auto) is a visual time-structure indicator designed to clearly separate trading days on the chart and highlight the day of the week using customizable colors. It is especially useful for traders who analyze market behavior by weekday or who want a clean and intuitive way to identify weekly cycles, weekend transitions, and session-based structure. 🔹 Key Features 1. Automatic New York Timezone (UTC-5 / UTC-4 with DST) The indicator automatically calculates time using the America/New_York timezone with full daylight saving time support. This ensures that day changes, weekdays, and labels always align with the New York trading session regardless of the chart’s local timezone. 2. Day Separator Background (Vertical Highlighting) A vertical background separator is drawn at the beginning of each New York trading day. Users can independently customize: -Weekday separator color -Saturday separator color -Sunday separator color -Separator transparency This makes weekends and weekly boundaries instantly visible on any timeframe. 3. Day-of-Week Text Labels at NY 09:00 At exactly 09:00 New York time, the indicator displays a text label at the bottom of the chart showing the current day of the week. Sunday displays “Beginning of week – Sunday” Monday through Friday display their respective weekday names Saturday displays “Saturday” This timing aligns with the New York session open, making it useful for intraday and session-based traders. 4. Separate Color Control for Weekdays vs Weekends Text colors are fully customizable and separated into: Weekday text color Saturday text color Sunday text color Additionally, the script supports dark-background and light-background text modes, allowing the user to toggle which version is displayed depending on their chart theme. 5. Minimal, Non-Intrusive Design No repainting No future-looking logic No impact on price data Lightweight and optimized The indicator is purely visual and does not interfere with other studies or trading systems. 🔹 Customization Options Users can control: Whether the day separator is shown Separator colors for weekdays, Saturday, and Sunday Separator transparency Whether dark or light background text is displayed Individual text colors for weekdays, Saturday, and Sunday All settings update instantly from the indicator’s settings panel.
Pine Script® indicator
by Cryptonite_S369
Shock Wave: EMA9 Slope / ATR (Normalized) for SPYShock Wave – EMA9 Slope Normalized by ATR (Fragility Gauge) This indicator measures trend fragility, not direction. Instead of relying on visual trendline angles (which change with zoom and chart scaling), this tool normalizes the slope of the 9-EMA by ATR, producing a scale-independent steepness metric that remains consistent across timeframes and zoom levels. The goal is to identify late-stage acceleration and liquidity vulnerability — conditions where price is advancing faster than inventory can rebalance and the market becomes sensitive to forced liquidation. What this indicator shows Normalized EMA9 slope (ATR per bar) An angle-like degree value derived from the normalized slope (for intuition only) Background shading to highlight trend maturity / fragility A compact table showing live readings on the chart How to interpret Green / low values (< ~0.30 ATR/bar): Healthy, sustainable trend Orange / mid values (~0.30–0.40 ATR/bar): Late-stage acceleration Red / high values (≥ ~0.45 ATR/bar): Fragile / liquidation-prone conditions These thresholds are empirically derived from historical index behavior (e.g., SPY prior to 2018, 2020, 2022 volatility events). Important notes This is not a buy or sell signal Red does not mean “short” The indicator highlights risk asymmetry, not timing Best used on higher timeframes (weekly) in conjunction with liquidity, inducement, and higher-timeframe structure analysis Why use this Markets often fail after strong trends, not because they are weak, but because they are crowded. This tool helps quantify when a trend has become structurally vulnerable, providing context for liquidity-based frameworks and macro risk management.
Pine Script® indicator
by virgalwilliams
Candles by Day of WeekCandles by Day of Week Candles by Day of Week (INLINE) is a lightweight visual indicator that colors price candles based on the day of the week. It helps traders quickly recognize weekly patterns, market behavior differences, and day-specific tendencies directly on the chart. 🔹 Key Features Candle coloring for Monday through Sunday Enable or disable each weekday individually Custom color selection for every day Day enable toggle and color input are combined in one line for cleaner settings Uses barcolor() — no candle shifting or overlay issues Compatible with all markets: Forex, Crypto, Stocks, Indices Works on all timeframes 🔹 How It Works The indicator detects the day of the week for each candle and applies the selected color if that day is enabled. Disabled days keep the chart’s default candle colors unchanged. This approach ensures: No interference with price data No displacement from the main chart Full compatibility with other indicators 🔹 Practical Use Analyze weekday-based market behavior Spot recurring patterns or volatility by day Improve discretionary and session-based strategies Enhance chart readability and visual clarity 🔹 Notes Saturday and Sunday candles are mainly relevant for Crypto markets Forex traders may choose to disable weekend days The indicator is purely visual and does not affect calculations or signals 🔹 Customization All settings can be adjusted in the indicator’s Inputs: Toggle individual days on or off Select custom candle colors per day Instantly adapt the indicator to your trading style 🔹 Disclaimer This indicator is intended for visual analysis only and should be used as a supportive tool alongside other forms of technical analysis. It does not provide buy or sell signals.
Pine Script® indicator
by ColyaTr
DAYOFWEEK performance1 -Objective "What is the ''best'' day to trade .. Monday, Tuesday...." This script aims to determine if there are different results depending on the day of the week. The way it works is by dividing data by day of the week (Monday, Tuesday, Wednesday ... ) and perform calculations for each day of the week. 1 - Objective 2 - Features 3 - How to use (Examples) 4 - Inputs 5 - Limitations 6 - Notes 7 - Final Tooughs 2 - Features AVG OPEN-CLOSE Calculate de Percentage change from day open to close Green % (O-C) Percentage of days green (open to close) Average Change Absolute day change (O-C) AVG PrevD. Close-Close Percentage change from the previous day close to the day of the week close (Example: Monday (C-C) = Friday Close to Monday close Tuesday (C-C) = Monday C. to Tuesday C. Green % (C1-C) Percentage of days green (open to close) AVG Volume Day of the week Average Volume Notes: *Mon(Nº) - Nº = Number days is currently calculated Example: Monday (12) calculation based on the last 12 Mondays. Note: Discrepancies in numbers example Monday (12) - Friday (11) depend on the initial/end date or the market was closed (Holidays). 3 - How to use (Examples) For the following example, NASDAQ:AAPL from 1 Jan 21 to 1 Jul 21 the results are following. The highest probability of a Close being higher than the Open is Monday with 52.17 % and the Lowest Tuesday with 38.46 %. Meaning that there's a higher chance (for NASDAQ:AAPL ) of closing at a higher value on Monday while the highest chance of closing is lower is Tuesday. With an average gain on Tuesday of 0.21% Long - The best day to buy (long) at open (on average) is Monday with a 52.2% probability of closing higher Short - The best day to sell (short) at open (on average) is Tuesday with a 38.5% probability of closing higher (better chance of closing lower) Since the values change from ticker to ticker, there is a substantial change in the percentages and days of the week. For example let's compare the previous example ( NASDAQ:AAPL ) to NYSE:GM (same settings) For the same period, there is a substantial difference where there is a 62.5% probability Friday to close higher than the open, while Tuesday there is only a 28% probability. With an average gain of 0.59% on Friday and an average loss of -0.34% Also, the size of the table (number of days ) depends if the ticker is traded or not on that day as an example COINBASE:BTCUSD 4 - Inputs DATE RANGE Initial Date - Date from which the script will start the calculation. End Date - Date to which the script will calculate. TABLE SETTINGS Text Color - Color of the displayed text Cell Color - Background color of table cells Header Color - Color of the column and row names Table Location - Change the position where the table is located. Table Size - Changes text size and by consequence the size of the table 5 - LIMITATIONS The code determines average values based on the stored data, therefore, the range (Initial data) is limited to the first bar time. As a consequence the lower the timeframe the shorter the initial date can be and fewer weeks can be calculated. To warn about this limitation there's a warning text that appears in case the initial date exceeds the bar limit. Example with initial date 1 Jan 2021 and end date 18 Jul 2021 in 5m and 10 m timeframe: 6 - Notes and Disclosers The script can be moved around to a new pane if need. -> Object Tree > Right Click Script > Move To > New pane The code has not been tested in higher subscriptions tiers that allow for more bars and as a consequence more data, but as far I can tell, it should work without problems and should be in fact better at lower timeframes since it allows more weeks. The values displayed represent previous data and at no point is guaranteed future values 7 - Final Tooughs This script was quite fun to work on since it analysis behavioral patterns (since from an abstract point a Tuesday is no different than a Thursday), but after analyzing multiple tickers there are some days that tend to close higher than the open. PS: If you find any mistake ex: code/misspelling please comment.
Pine Script® indicator
by MA_PT
25
VWAP Multi-Timeframe Pro═══════════════════════════════════════════════════════════════════════════════ VWAP Multi-Timeframe Pro - 6 VWAP + Dynamic Levels - Alphaomega18 📝 COMPLETE DESCRIPTION ═══════════════════════════════════════════════════════════════════════════════ 🎯 THE MOST COMPLETE VWAP INDICATOR ON THE MARKETPLACE VWAP Multi-Timeframe Pro simultaneously displays 6 different VWAPs (Asia/London/NY Sessions + Daily/Weekly/Monthly) with key price levels and intelligent dynamic color for complete institutional market vision. Designed for professional traders: futures, forex, crypto, stocks. Compatible all timeframes. 🔥 WHY THIS INDICATOR IS UNIQUE Other VWAP indicators display 1 or 2 VWAPs maximum. **VWAP MTF Pro gives you EVERYTHING in one indicator:** ✅ **6 Simultaneous VWAPs**: Asia, London, NY, Daily, Weekly, Monthly ✅ **3 Key Price Levels**: Previous VWAP, Daily Open, Previous Close ✅ **Dynamic Color**: GREEN line if price above, RED if below ✅ **Standard Deviation Bands**: ±1σ, ±2σ, ±3σ for extreme deviations ✅ **10 Configurable Alerts**: Crossovers and extreme zones ✅ **100% Customizable**: Colors, styles, selective display One indicator = Complete 24/7 institutional flow vision! 📊 THE 6 DISPLAYED VWAPS 🔷 **1. VWAP ASIA SESSION** (Yellow default) → Customizable Asian session (00:00-08:00 default) → Visible only during Asia session → Identifies key Asian trading levels 🔷 **2. VWAP LONDON SESSION** (Cyan default) → European session (08:00-16:00 default) → Visible only during London session → Captures European institutional flow 🔷 **3. VWAP NY SESSION** (Orange default) → American session (15:30-22:00 default) → Visible only during NY session → Highest volume of the day 🔷 **4. VWAP DAILY** (Blue default) → Full day VWAP → Most important level for day traders → Major support/resistance 🔷 **5. VWAP WEEKLY** (Purple default) → Weekly VWAP → Medium-term trend → Key level for swing traders 🔷 **6. VWAP MONTHLY** (Fuchsia default) → Monthly VWAP → Long-term vision → Major institutional levels 📍 3 ESSENTIAL PRICE LEVELS (NEW) 🔷 **PREVIOUS DAY VWAP CLOSE** (Dashed line - Dynamic color!) **The Revolutionary Feature:** → Displays previous day's VWAP Daily close → **GREEN line** when price ABOVE = Bullish signal ✅ → **RED line** when price BELOW = Bearish signal ❌ → Changes color in real-time at crossover! **Why it's powerful:** ``` If you're trading LONG and line is GREEN: → You're on right side of market → Institutions are with you → Hold trade with confidence If line turns RED: → EXIT immediately → Momentum has changed → Institutions selling now ``` 🔷 **DAILY OPEN** (White dotted default) → Current day's opening price → Major psychological level → Intraday support/resistance 🔷 **PREVIOUS DAY CLOSE** (Purple dotted default) → Previous day's close → Gap analysis (up/down/none) → Critical institutional level 📏 STANDARD DEVIATION BANDS **3 Bands on each side of VWAP:** → ±1σ (68% of distribution) → ±2σ (95% of distribution) → ±3σ (99.7% of distribution) **VWAP selection for bands:** Choose from: Asia / London / NY / Daily / Weekly / Monthly **Usage:** ``` Price reaches +3σ: → Extreme overbought → Reversal or consolidation likely → Take LONG profits or prepare SHORT Price reaches -3σ: → Extreme oversold → Reversal or consolidation likely → Take SHORT profits or prepare LONG Price between ±1σ: → "Normal" zone → Trading range → Wait for breakout ``` 🎯 REAL USE CASES 📌 **CASE 1: MNQ Day Trading with Dynamic Color** **Morning Setup:** ``` 08:00 - Market opens → Price at 16,300 → Prev Day VWAP Close at 16,250 → Line = GREEN ✅ (price above) → Signal: Bullish sentiment confirmed Action: Look for LONG setups only Avoid: SHORT trades against trend ``` **Momentum Change:** ``` 10:30 - Price drops rapidly → Price drops to 16,240 → Line turns RED ❗ → Signal: Momentum changed! Action: EXIT LONG positions immediately Look for: SHORT setups now ``` **Result:** → You stay on right side of market permanently → No fighting institutions → Profits maximized, losses minimized 📌 **CASE 2: Gap Analysis with Daily Open + Prev Close** **Gap UP:** ``` Daily Open (white): 16,320 Prev Day Close (purple): 16,280 Gap = +40 points Analysis: → Bullish gap → If VWAP prev line = GREEN = Continuation → If price retests Prev Close (purple) and bounces = LONG entry ``` **Gap DOWN:** ``` Daily Open (white): 16,240 Prev Day Close (purple): 16,280 Gap = -40 points Analysis: → Bearish gap → If VWAP prev line = RED = Continuation → If price rallies to Prev Close (purple) and rejects = SHORT entry ``` 📌 **CASE 3: Multi-Timeframe Confirmation** **LONG Setup Maximum Conviction:** ``` ✅ Price > VWAP Monthly (fuchsia) → Long-term bullish trend ✅ Price > VWAP Weekly (purple) → Medium-term bullish trend ✅ Price > VWAP Daily (blue) → Short-term bullish trend ✅ Prev Day VWAP = GREEN → Today's momentum bullish ✅ Price > Daily Open (white) → Positive opening Signal: ALL timeframes aligned LONG! Action: LONG entry with strong conviction Stop: Below VWAP Daily ``` **SHORT Setup Maximum Conviction:** ``` ✅ Price < VWAP Monthly (fuchsia) → Long-term bearish trend ✅ Price < VWAP Weekly (purple) → Medium-term bearish trend ✅ Price < VWAP Daily (blue) → Short-term bearish trend ✅ Prev Day VWAP = RED → Today's momentum bearish ✅ Price < Daily Open (white) → Negative opening Signal: ALL timeframes aligned SHORT! Action: SHORT entry with strong conviction Stop: Above VWAP Daily ``` 📌 **CASE 4: Session Trading (London/NY Overlap)** **15:30 - NY Session Opens:** ``` Before 15:30: → Price in VWAP London (cyan) → Consolidation, range 15:30 - NY opens: → VWAP NY (orange) appears → Volume explodes → Price breaks above VWAP Daily (blue) → Prev Day VWAP = GREEN ✅ Action: → LONG entry on breakout → Stop below VWAP Daily → Target +3σ upper band ``` ⚙️ COMPLETE CUSTOMIZATION 🎨 **EACH VWAP IS CONFIGURABLE:** **For each VWAP (6 groups):** → Show/Hide (On/Off) → Customizable color → Line thickness (1-5) **Asia/London/NY Sessions:** → Configurable start/end hours → Adapt to your timezone → Customize per market **Forex Example:** ``` Asia: 00:00-08:00 (Tokyo) London: 08:00-16:00 (London) NY: 13:00-20:00 (New York) ``` **US Futures Example:** ``` Asia: 18:00-02:00 (overnight) London: 02:00-08:30 NY: 08:30-15:00 (RTH) ``` 🎨 **PREVIOUS DAY VWAP - Dynamic Color:** → **Dynamic Color (Green/Red)**: On/Off • ON = Line changes color (GREEN/RED) • OFF = Fixed color → **Color Above**: Color when price above (default: Green) → **Color Below**: Color when price below (default: Red) → **Static Color**: If Dynamic Color OFF (default: White) → **Line Width**: Thickness (1-5) → **Line Style**: Solid / Dashed / Dotted 🎨 **DAILY PRICE LEVELS:** **Daily Open:** → Show/Hide → Color (default: White) → Thickness → Style (Solid/Dashed/Dotted) **Previous Day Close:** → Show/Hide → Color (default: Purple/Fuchsia) → Thickness → Style (Solid/Dashed/Dotted) 📏 **STANDARD DEVIATION BANDS:** → **Show Bands**: On/Off → **Bands Timeframe**: Choose VWAP (Asia/London/NY/Daily/Weekly/Monthly) → **Standard Deviation 1/2/3**: σ values (default: 1.0 / 2.0 / 3.0) → **Upper Colors**: Customizable → **Lower Colors**: Customizable 👁️ **DISPLAY:** → **Show Labels**: Display price labels (On/Off) → **Label Size**: Tiny / Small / Normal / Large 🔔 COMPLETE ALERTS (10 ALERTS) **VWAP Daily Crossovers:** 1. Price > VWAP Daily 2. Price < VWAP Daily **Extreme Bands:** 3. Price reaches +3σ 4. Price reaches -3σ **Previous Day VWAP:** 5. Price > Previous Day VWAP 6. Price < Previous Day VWAP **Daily Open:** 7. Price > Daily Open 8. Price < Daily Open **Previous Day Close:** 9. Price > Previous Close 10. Price < Previous Close 💡 MARKETS AND TIMEFRAMES ✅ **ALL markets compatible:** • Futures (ES, NQ, YM, RTY, MNQ, MES, etc.) • Forex (EUR/USD, GBP/USD, USD/JPY, etc.) • Crypto (BTC, ETH, altcoins - 24/7) • Stocks (Tesla, Apple, Nvidia, etc.) • Indices (S&P 500, Nasdaq, Dow Jones) • Commodities (Gold, Oil, etc.) ✅ **All timeframes:** • Scalping: 1min, 5min • Day Trading: 15min, 30min, 1H ⭐ (optimal!) • Swing Trading: 4H, Daily • Position Trading: Weekly Note: More reliable with real volume data → TradingView Premium recommended for tick data 🏆 UNIQUE ADVANTAGES ✅ **6 Simultaneous VWAPs**: Complete multi-timeframe vision ✅ **Dynamic color**: GREEN/RED for instant vision ✅ **3 Price levels**: Prev VWAP + Open + Prev Close ✅ **Standard deviation bands**: ±3σ for extreme zones ✅ **Customizable sessions**: Asia/London/NY adaptable ✅ **10 alerts**: All key crossovers ✅ **100% customizable**: Colors, styles, display ✅ **Automatic labels**: Real-time price display ✅ **Optimized code**: Light, fast, no lag ✅ **No repaint**: Reliable and stable signals 📊 RECOMMENDED CONFIGURATION **For MNQ/ES Day Trading (15min):** ``` ═══ VWAP Sessions ═══ Asia: ✅ ON (Yellow) London: ✅ ON (Cyan) NY: ✅ ON (Orange) ═══ VWAP Timeframes ═══ Daily: ✅ ON (Blue) Weekly: ✅ ON (Purple) Monthly: ❌ OFF (too long-term) ═══ Previous Day VWAP ═══ Show: ✅ ON Dynamic Color: ✅ ON (CRITICAL!) Color Above: Green Color Below: Red Width: 2-3 ═══ Daily Price Levels ═══ Daily Open: ✅ ON (White dotted) Prev Day Close: ✅ ON (Purple dotted) ═══ Bands ═══ Show Bands: ✅ ON Timeframe: Daily σ: 1.0 / 2.0 / 3.0 ═══ Display ═══ Labels: ✅ ON Size: Small ``` **For Scalping (1-5min):** ``` Sessions: Asia/London/NY by hour Daily/Weekly: ON Monthly: OFF Prev Day VWAP: ON with Dynamic Color Bands: Daily, ±2σ max Labels: Small or Tiny ``` **For Swing Trading (4H-Daily):** ``` Sessions: OFF (not relevant) Daily: ON Weekly: ON Monthly: ON Prev Day VWAP: ON Bands: Weekly, ±3σ Labels: Normal or Large ``` 🎓 QUICK USAGE GUIDE **Simple Rules for Day Traders:** 1. **Prev VWAP Line Color = Day Direction** → GREEN = Trade LONG only → RED = Trade SHORT only 2. **Price above ALL VWAPs = Maximum bullish** → Look for LONG setups only → No SHORT counter-trend 3. **Price below ALL VWAPs = Maximum bearish** → Look for SHORT setups only → No LONG counter-trend 4. **Price between VWAPs = Neutral zone** → Wait for clear breakout → Range-bound, careful scalp 5. **±3σ bands = Extreme zones** → Take profits → Or wait for reversal 💪 TRADER PSYCHOLOGY **What this indicator solves:** ❌ "I don't know if trend continues" → Check prev VWAP line color: GREEN = continues ❌ "I take profits too early from fear" → As long as line GREEN, hold LONG with confidence ❌ "I hold my losses too long" → Line turns RED? EXIT immediately! ❌ "I trade counter-trend" → 6 VWAPs visible = Impossible to mistake direction ❌ "I don't know where to put stop" → Stop below VWAP Daily for LONG, above for SHORT **Result:** ✅ Increased confidence ✅ Reinforced discipline ✅ Maximized profits ✅ Trading with institutions 🔗 PERFECT COMPLEMENT **Combine VWAP MTF Pro with:** • **Order Flow Signals** → Institutional absorptions (💎▲🚀) • **Order Flow CVD** → Real-time order flow • **Fair Value Gaps** → Inefficiency zones • **Market Profile** → POC/VPOC **VWAP MTF Pro** = Institutional price levels **Order Flow** = Flow confirmation → Complete trading system! ⚠️ DISCLAIMER Technical indicators are decision support tools. No indicator guarantees profits. Always use: • Appropriate risk management • Stop loss on every trade • Proper position sizing • Demo account testing first VWAP MTF Pro improves your analysis but doesn't replace a complete strategy with money management. 🚀 INSTALLATION 1. Copy the Pine Script code 2. Open Pine Editor in TradingView 3. Paste the code 4. Click "Add to Chart" 5. Indicator displays on chart (overlay) 6. Configure parameters to your preferences 7. Activate desired alerts 8. Trade with complete institutional vision! 💡 PRO TIP **The Golden VWAP Rule:** "NEVER trade against ALL aligned VWAPs" If Monthly + Weekly + Daily ALL point down: → Bearish market on ALL timeframes → Trade SHORT only → No LONG = Suicide If Monthly + Weekly + Daily ALL point up: → Bullish market on ALL timeframes → Trade LONG only → No SHORT = Lost money This simple rule can **save your account**! 📞 CONTACT AND SUPPORT Created by Alphaomega18 For questions, bugs or suggestions: Find my other indicators: • Order Flow Signals (institutional signals) • Order Flow Dashboard (CVD oscillator) • Order Flow CVD Simple (trend vision) • Fair Value Gap Detector • Volume & Volatility Crisis Detector
Pine Script® indicator
by Alphaomega18
Nick_OS RangesUNDERSTANDING THE SCRIPT: TIMEFRAME RESOLUTION: * You have the option to choose Daily , Weekly , or Monthly LOOKBACK WINDOW: * This number represents how far back you want the data to pull from - Example: "250" would represent the past 250 Days, Weeks, or Months depending on what is selected in the Timeframe Resolution RANGE 1 nth (Gray lines): * This number represents the range of the nth biggest day, week, or month in the Lookback Window - Example: "30" would represent the range of the 30th biggest day in the past 250 days. (If the Lookback Window is "250") RANGE 2 nth (Blue lines): * This number represents the range of the nth biggest day, week, or month in the Lookback Window - Example: "10" would represent the range of the 10th biggest day in the past 250 days. (If the Lookback Window is "250") RANGE 3 nth (Pink lines): * This number represents the range of the nth biggest day, week, or month in the Lookback Window - Example: "3" would represent the range of the 3rd biggest day in the past 250 days. (If the Lookback Window is "250") YELLOW LINES: * The yellow lines are the average percentage move of the inputted number in the Lookback Window SUGGESTED INPUTS: FOR DAILY: Lookback Window: 250 Range 1 nth: 30 Range 2 nth: 10 Range 3 nth: 3 FOR WEEKLY: Lookback Window: 50 Range 1 nth: 10 Range 2 nth: 5 Range 3 nth: 2 FOR MONTHLY: Lookback Window: 12 Range 1 nth: 3 Range 2 nth: 2 Range 3 nth: 1 TIMEFRAMES TO USE (If You Have TradingView Premium): Daily: 5 minute timeframe and higher (15 minute timeframe and higher for Futures) Weekly: 15 minute timeframe and higher Monthly: Daily timeframe and higher (Monthly still has issues) TIMEFRAMES TO USE (If You DO NOT Have TradingView Premium): Daily: 15 minute timeframe and higher Weekly: 30 minute timeframe and higher Monthly: Daily timeframe and higher (Monthly still has issues) IMPORTANT RELATED NOTE: If you decide to use a higher Lookback Window, the ranges might be off and the timeframes listed above might not apply ISSUES THAT MIGHT BE RESOLVED IN THE FUTURE 1. If it is a shortened week (No Monday or Friday), then the Weekly Ranges will show the same ranges as last week 2. Monthly ranges will change based on any timeframe used
Pine Script® indicator
by NickMaterazzo
Quarterly Theory (Lé Modél) 🧪 [Ultimate +] | cephxsQUARTERLY THEORY (LÉ MODÉL) 🧪 SSMT + Timed Structural Swing Points + Alerts This is mostly types using voice typing so the punctuation might be off. This indicator uses public domain information based on a trading system called "Quarterly Theory" by TraderDaye & ICT. All concepts are freely available educational material that's been around for years. I just built a tool to visualize it properly. WHAT IS THIS? Alright so basically this is my attempt (pretty good attempt I'd say) at building the ultimate quarterly theory tool. It tracks multiple timeframe cycles (monthly, weekly, daily, 90m, and micro) and detects when correlated assets are diverging from each other at key swing points. That's the SSMT (sequential smt) part otherwise called an Offset Divergence either in an Accumulation/distribution phase of price. On top of that, it finds timed structural swing points with their exact formation times, detects liquidity purges, and confirms change in state of delivery (CISD) through orderblock reclaims. Everything is wrapped in a pretty comprehensive alert system so you can actually trade off this stuff without staring at charts 24/7. CORE FEATURES Multi-Cycle SSMT Detection: tracks divergences across 5 nested cycles - monthly, weekly, daily, 90m, and micro. each cycle has its own visibility gates so you're only seeing what's relevant to your chart timeframe. They are also customizable so you are not restricted to what I think is best; nevertheless, hard gates are put in place to prevent unnecessary data calls too far back into history to allow users of all plans to use without errors (Bar data limits) Timed Swing Points: every pivot high/low gets timestamped. you'll see exactly when the swing formed - super useful for macro window analysis (those :00-:10 and :50-:00 minute windows). Liquidity Purges: automatically detects when price sweeps a previous swing high/low and reverses. shows both the sweep level and confirmation. CISD (Change In State of Delivery): finds the stretch candle at pivots and waits for price to reclaim it. that's your delivery change confirmation. Auto Asset Detection: just throw it on any chart and it figures out the correlated assets for you. works with indices ( CME_MINI:NQ1! , CME_MINI:ES1! , CBOT_MINI:YM1! ), forex majors ( FOREXCOM:EURUSD , FOREXCOM:GBPUSD ), metals ( FOREXCOM:XAUUSD , FOREXCOM:XAGUSD ), crypto, and more. Normal + Hidden Divergences: normal divergence is when extremes diverge between assets. hidden divergence uses body closes instead of wicks - sometimes catches moves that normal misses. Comprehensive Alert System: atomic alerts for individual events, preset combos for multi-confluence setups, and a custom "alert kitchen" to build your own conditions. Each of these features can be visually disabled individually while the logic is still computed and alerts still function without bother. THE CYCLES EXPLAINED quarterly theory breaks time down into nested fractal cycles. each cycle divides into 4 quarters (Q1, Q2, Q3, Q4) where Q2 is typically expansion/displacement: Monthly Cycle: tracks the 4 weeks of the month. best viewed on 4H charts and above Weekly Cycle: Mon-Tue-Wed-Thu-Fri as the 5 "quarters". best on 1H charts. Daily Cycle: the trading day split into 4 sessions (asia, london, ny am, ny pm). best on 15m. 90m Cycle: 6 x 90-minute windows throughout the day. best on 3-5m charts. Micro Cycle: 22.5-minute quarters within each 90m block. 1m charts only. Tried to implement a new Quarterly Cycle, will defer that to a later update. VISIBILITY GATES the indicator automatically shows/hides cycles based on your chart timeframe. here's how it works: Auto Mode (recommended): Micro: 1m only 90m: 3m-5m Daily: 15m only Weekly: 1H only Monthly: 4H only Extended Mode (more flexibility): Micro: 1m-3m 90m: 1m-30m Daily: 5m-1H Weekly: 15m-4H Monthly: 4H-1D you can also set custom ranges or just show everything with "All" mode. INPUTS BREAKDOWN Visual Preset All Features: shows everything - SSMT, time labels, CISD, purges SSMT + TIME + CISD: hides purge lines for cleaner charts SSMT + CISD: hides time labels too SSMT Only: just the divergence lines, nothing else SSMT Plots (Section 2) Extreme Detection Mode: "Normal" uses wick extremes, "Hidden" uses body closes, "All" shows both Per-Cycle Toggles: enable/disable each cycle independently with custom colors Label Styling: choose between "Cycle + Asset", "Cycle" only, or "Asset" only labels Pivot Detection (Section 3) Sensitivity: controls how many bars on each side to confirm a swing (default: 2) Maximum Points: limits how many pivots are displayed Pivot Labels (Section 4) Show Time Labels: displays the exact timestamp of each swing Key Times Only: only shows labels for swings in macro windows (:00-:10, :24-:36, :50-:59) Macro Colors: special highlighting for pivots during macro windows Purge Detection (Section 5-6) Pending Timeout: how many bars a purge can wait for confirmation before being discarded Strict Key Time: requires both the sweep AND confirmation to be in key time windows Dotted Line Offset: how far the confirmation line extends past the reversal candle CISD Detection (Section 7-8) Size Filter: filters out tiny orderblocks using ATR-based sizing. options from "Really Small" (shows most) to "Juicy" (only big ones) Pending Timeout: bars before an unconfirmed CISD expires Exhaustive Mode: shows all valid CISDs instead of limiting to max count ALERT SYSTEM this is where it gets powerful. three tiers of alerts: Atomic Alerts (individual events): Swing High/Low formed Bearish/Bullish Purge confirmed CISD Confirmed/Pending Purge + CISD Combo Preset Combos (multi-confluence): M/W/D/90/Micro SSMT + CISD: fires when SSMT divergence is active AND CISD confirms in matching direction Require Matching Purge: adds purge to the combo requirement Stacked Alerts: triggers when 2+ cycles align simultaneously Alert Kitchen (custom builder): build your own combo by selecting: Which SSMT cycle (with direction: bullish/bearish/any) Whether CISD is required Whether matching purge is required Purge tolerance (how close the purge pivot needs to be) Session Filter: all alerts can be filtered to only fire during specific sessions: Asia: 18:00-00:00 ET London: 02:00-05:00 ET NY AM: 08:30-12:00 ET NY PM: 13:30-16:00 ET Custom time ranges AUTO ASSET DETECTION the indicator uses the AssetCorrelation library to automatically figure out which assets to compare. here's what it supports: US Indices: CME_MINI:NQ1! , CME_MINI:ES1! , CBOT_MINI:YM1! (or micros MNQ/MES/MYM) Forex Majors: FOREXCOM:EURUSD , FOREXCOM:GBPUSD vs TVC:DXY Metals: FOREXCOM:XAUUSD , FOREXCOM:XAGUSD , Copper Energy: CL (crude), RB (gasoline), HO (heating oil) Crypto: BTC, ETH, TOTAL3 as triad EU Indices: GER40, EU50, UK100, ESP35 you can also disable auto mode and manually configure your own asset triads/dyads. STATUS BAR optional horizontal bar showing which SSMT cycles are currently active. displays M | W | D | 90m | Micro with color coding: Blue = bullish divergence active Red = bearish divergence active Gray = neutral (no divergence) Purple = both directions active simultaneously (sandwich) RECOMMENDED USAGE start with "Auto" timeframe gating - it shows the right cycles for your chart focus on cycles that align with your trading style (scalpers: 90m/micro, swing: daily/weekly) use CISD confirmation before entries - divergence alone isn't enough (at least for me) Pair with True Opens to align properly (This is a trading model in itself) set up preset alerts for your main setup (e.g., "D SSMT + CISD" on 15m chart) filter alerts to your active trading session to reduce noise TIMEFRAME CHEAT SHEET 1m: Micro cycle + 90m context 3-5m: 90m cycle + Daily context 15m: Daily cycle + Weekly context 1H: Weekly cycle + Monthly context 4H: Monthly cycle only FAQ why don't i see any SSMT lines? check your timeframe gating mode. if you're on a 15m chart with "Auto" mode, you'll only see Daily cycle. switch to "Extended" or "All" to see more cycles. what's the difference between normal and hidden divergence? normal uses wick highs/lows, hidden uses body closes. hidden can catch divergences that wicks miss, but it's also noisier. Why do some CISDs not confirm? the stretch candle needs to be reclaimed by price within the timeout window. if price never comes back to that level, the CISD expires. can i use this on stocks? technically yes, but you'll need to manually configure your asset pairs since auto-detection focuses on futures/forex/crypto. DISCLAIMER this is an educational tool, not financial advice. quarterly theory, SSMT, and all related concepts are based on publicly available information from TraderDaye and ICT methodology on X with a touch of my own discoveries too. past performance doesn't guarantee future results. always use proper risk management and never trade more than you can afford to lose. the indicator is provided as-is with no guarantees. do your own backtesting before using this in live markets. CREDITS Quarterly Theory concepts: TraderDaye & ICT AssetCorrelation library: fstarcapital Development: cephxs & fstarcapital community CHANGELOG Ultimate +: added Alert Kitchen, stacked cycle alerts, session filtering, status bar, size-filtered CISD Pro +: added hidden divergences, added sweep detection/plots, auto asset detection, preset combos Base: initial release with core SSMT and pivot time labels No form of this Library is to be sold in any capacity as part of any service / indicator on the TradingView Platform or elsewhere by anyone else but me. Otherwise it is completely free to use in private and public open/closed source indicators. Sidenote: 3rd upload because I'm trying to get the thumbnail right :( Made with ❤️ from cephxs
Pine Script® indicator
by fstarcapital
5