Sup/Res Levels [QuantVue]Shows basic pivot point of support and resistance levels. Will show alerts for break of sup. or res. Allows for a volume filter for sup. res. breaks as well.
"B" means break of either a Sup. or Res. level with volume greater than the threshold.
"Bull/Bear Wick" means bullish/bearish candle on break.
Left - number of bars left hand side of the pivot .
Right - number of bars right hand side of the pivot .
Volume Thres. - the threshold value (%) for the Volume.
This indicator is useful to filter our insignificant breaks of sup. or res. Can help trader determine when to sit on their hands, or enter a trade.
Support
Bounce Price Detector ~ By mohx_404꧁༺ 𝓑𝓸𝓾𝓷𝓬𝓮 𝓟𝓻𝓲𝓬𝓮 𝓓𝓮𝓽𝓮𝓬𝓽𝓸𝓻 𝓘𝓷𝓭𝓲𝓬𝓪𝓽𝓸𝓻 ༻꧂
* Hi everybody here's the ★彡 𝓑𝓸𝓾𝓷𝓬𝓮 𝓟𝓻𝓲𝓬𝓮 𝓓𝓮𝓽𝓮𝓬𝓽𝓸𝓻 𝓘𝓷𝓭𝓲𝓬𝓪𝓽𝓸𝓻 彡★ indicator and how to use it :
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First : Depending on Pivot (HH,LL), the two possible price Correction appears on chart if the price under the Correction levels it would be a Resistance levels and to entry there candle must close above the levels, you can use Replay Mod to get the previous price Correction levels
And Here's Some Example : The price make a new HH,LL and new levels appears on chart but the price didn't confirm a bounce signale and close above the first level
So in next candle the price brake the levels and drop down :
Then a new HH,LL and new levels appears on chart and the price back to the lower levels as a Resistance Levels but when it's close above the levels and test it again it become a Support levels and price bounce again
Here's another example when price go above the levels , test it and bounce again
About The levels : depending on Fibonacci golden rate
░▒▓█ 𝐍𝐨𝐭𝐞 : You could change the pivots the value 10 for low time frame and
scalping for higher time frame you could increase the pivots value or keep it as you want █▓▒░
Price Barrier I1-PBIdea:
This script combines: Parabolic SAR, Stochastic RSI and MA
SAR is used to determine the price direction of an asset, as well as draw attention to when the price direction is changing.
Combine Stochastic RSI to point out the strength of the SAR signals.(Of course the setting for Stochastic RSI in this script is customized).
Then using MA to calculate and plot.
The plot line of this script at the center line and draw 2 line with offset to the center line.
Concept:
(Note that we take the close to get the closing price)
-SAR provides series of dots placed either above or below the price bars. A dot below the price is deemed to be a bullish signal.
-Stochastic RSI with its crossing of K and D line, last crossing of K and D will be recognized as crossing point. The direction of latest points will be current trend also in some case value above 80 is Over Buy and below 20 is Over Sell.
-So how could we present the domain line? (The domain line are two line with background color filled) Using the deviation from the MA as the baseline, we will draw two lines with 2 distinct points, then color them. We will call them price barrier. There are 4 plot MA, 2 for above and 2 for below.
-Strength of barrier calculation based on SAR and RSI mentioned above.
How it works:
1. The price barrier (domain line) displays above and below bar which could be resistance or support for current bar.
- Yellow means the soon/week signal.
- Green below bar means the support barrier.
- Red above bar mean the resistance barrier.
2. This indicator provides a warning signal when the color of the price barrier changes.
- Above barrier's color:
+Turn red: "Down Red"
+Turn yellow: "Down Yellow"
- Below barrier's color:
+Turn green: "Up Green"
+Turn yellow: "Up Yellow"
Suitable time frames:
4h, 1D, 1W
* Please note that this logic does not attempt to predict future prices or 100% accurate signal.
(INVITE ONLY indicator. Please direct message or visit website if you want to try it out)
Hope you guys enjoy!
Examples:
BTCUSD 4H
XAUUSD 1D
EURUSD 1D
AAPL 1D
Psychological levels (Bank levels) PsychoLevels v2 - TartigradiaPsychological levels (Bank levels) plots "round" price levels above and below current price, by truncating after the nth leftmost digits, based on neuroscience research of how humans intuitively calculate in logarithms.
Psychological levels, also called bank levels, are "round" price numbers around which price often experience resistance or support, because traders and investors tend to set orders around these round numbers.
Calculation here is fully automatic and dynamic, contrary to other similar scripts, this one uses a mathematical calculation that extracts the 1, 2 or 3 leftmost digits and calculate the previous and next level by incrementing/decrementing these digits. This means it works for any symbol under any price range.
This approach is based on neuroscience research, which found that human brains intuitively approximate numbers on a logarithmic scale, adults and children alike, and similarly to macaques, for more info see Numerical Cognition , Weber-Fechner Law , Zipf law.
For example, if price is at 0.0421, the next major price level is 0.05 and medium one is 0.043. For another asset currently priced at 19354, the next and previous major price levels are 20000 and 10000 respectively, and the next/previous medium levels are 20000 and 19000, and the next/previous weak levels are 19400 and 19300.
Usage:
* By default, strong upper level is in green, strong lower level is in red, medium upper level is in blue, medium lower level is in yellow, and weak levels aren't displayed but can be. Half levels are also displayed, in a darker color. Strong levels are increments of the first leftmost digit (eg, 10000 to 20000), medium levels are increments of the second leftmost digit (eg, 19000 to 20000), and weak levels of the third leftmost digit (eg, 19100 to 19200). Instead of plotting all the psychological levels all at once as a grid, which makes the chart unintelligible, here the levels adapt dynamically around the current price, so that they show the upper/lower levels relatively to the current price.
* A simple moving average is implemented, so that "half-levels" are also displayed when relevant (eg, medium level can also display 19500 instead of only 19000 or 20000). This can be disabled by setting smoothing to 1.
* By default, the script runs on the daily timeframe, whatever the current chart's timeframe is. This is to reduce the variability in levels, to make it less noisy than intraday price movement, but this can be changed in the settings.
* The step can be adjusted to increase the gap between levels, eg, if you want to display one every 2 levels then input step = 2 (eg, 22000, 24000, 26000, etc), or if you want to display quarter levels, input 0.25 (eg, 22000, 22250, 22500, etc). The default values should fit most use cases and cover most psychological levels.
I made this script mainly to train with PineScript, but I found it surprisingly accurate to define levels that are respected by price movements. So I guess it can be useful for new traders and experienced traders alike, as it's easy to forget that psychological levels can often be as strong if not stronger than technical levels. It can also be used to quickly screen other minor assets for trading opportunities. For example, a hybrid strategy would be to manually define levels on BTCUSD but using this script to automatically define levels in crypto altcoins and quickly screen them for a trade opportunity that can be greater than with BTCUSD but with the same trend.
Changes compared to v1:
* Deduplicated redundant calculations and hence faster script.
* Added half-step levels, which allows to more easily see breakouts (because the levels are still on-screen).
* All steps are now configuration on the GUI.
* Revamped color scheme.
* And major reasons to post as a separate v2 script rather than updating: because we can't update the original description nor screenshot. I have now read more about the House Rules and saw other scriptmakers, so I am trying to write better descriptions like wizards do, by explaining not only how the script works but what the underlying financial concept is to a neophyte audience.
TARVIS Labs - Support & Resistances IndicatorOVERVIEW
This indicator helps automatically determine support and resistances on any chart across any time frame. You can therefore use this indicator for different purposes, to determine HTF S/R zones, LTF breakouts by combining various lookback periods. I'll try and provide examples below for both.
INPUTS
Let's review the inputs to start
"lookback ticks" - the number of historical ticks that you want to take into account to figure out supports and resistance levels for that period. For example, do you want to figure out the support and resistances for that past 250 chart ticks, 500, 750 etc.
"number of supports & resistances wanted" - This will output more or less resistances based on requested input. The supports and resistances are ordered by strongest to weakest, so 1 is the strongest support/resistance on the chart which is the blue line, 2 is the next strongest, 3 the next, etc.
"resistance color" - Simply the color for resistances you want to use on the chart
"support color" - Simply the color for supports you want to use on the chart
"automatically figure out increment" - if this is set to true the algorithm will automatically try and figure out the price range & price range increment sizes for the lookback period provided to determine zones of supports/resistance. When you can I would suggest putting in the increment yourself. Ill provide an example below as well
increment - the size of the support/resistance zones you want to use. Ideally this would be as small as possible to be most helpful.
Ex 1.
Let's say you want to use this indicator on ETH on the last 750 ticks of data and on that 750 ticks of data the price ranges from $1,200 to $1,400. You can choose to uncheck "automatically figure out increment" and keep increment at 1. It will then figure out the S/R zones based on $1 ticks of data.
Ex 2.
Let's say you want to use this indicator on BTC 1d chart on the last 750 ticks of data but you dont really want to figure out the price range for the past 750 days of data, well you can just check "automatically figure out increment" and leave the "increment" input as is and it will automatically figure out the increment sizes for you and the S/Rs for that automatically generated range.
BEST USING THE INDICATOR
When you are trying to figure out supports and resistances I would start with HTF first. You can use the 1d chart for this which typically works well. Each touch point or "level" provided by the blue line is considered a significant support or resistance. If there are many different levels provided by the blue line around a general area that would be considered a zone of support or resistance. The longer the blue line stayed in a historical level the stronger that level of support or resistance is. Using the blue line, you can extend the blue levels using the line tool on TradingView across the entire chart. You should now have your HTF supports and resistances outlined. You can see in the DOGE chart provided, the long standing blue lines of support (which created a zone) were discovered way before it was ever touched by DOGE and was the bottom for DOGE's movement in the bear market.
Once you have your HTF supports/resistances outlined you can move to LTF, and you can use the indicator on the 15m chart (where I think it works really well). You can figure out if the chart is breaking out if it clears all LTF resistances, and where it may hit its next major resistance from the outlined HTF resistances you already created. On the flip side, if the price has lost all major supports it may be a good opportunity to short.
If the price of the chart has gone way above the blue line on LTF but the blue line hasn't moved up around the current price, theres a good chance the price will come back down as it wasn't a strong enough push. You can use this as a way to wait to enter on moves up.
There is a lot of ways to use this indicator, and I implore you to mess around with it to get acclimated to how it functions to serve you in the best way possible.
NOTE - this indicator is computationally heavy, therefore if its not loading for you please reduce the number of lookback ticks or consider increasing the increment size in order for it to load.
Support and Resistancewhat is "Support and Resistance"?
it is a support and resistance indicator.
what it does?
it draw support and resistance zones on the chart.
how it does it?
It determines the zones where the price leaves with a big candle after going horizontal for a while as support or resistance zones according to the price movement direction. while doing this, it compares the size of the candles and the elapsed time.
how to use it?
Red zones represent resistance and green zones represent support. You can buy in the support zone or sell in the resistance zone. my advice is to make your own interpretation by taking into account the price movement with different indicators. they are considered useful if there is a closure beyond the zones. otherwise, they continue to be shifted to the right.
notice: As new zones are created, old ones may disappear. so it might be wise to draw boxes using drawing tools where the old zones are.
Support and resistance are very important concepts for technical analysis. so I am thinking of updating and improving this indicator many times in the long run. but I couldn't wait long to post it.
examples:
Anchored VWAP BandSimple script to anchor vwap to a drag and drop spot on the chart and display it as a band instead of a line.
the AVAP Band displays:
1. The AVWAP using High as the source
2. The AVWAP using OHLC4 as the source
3. The AVWAP using Low as the source
This is just a different way of visualising VWAP from an anchored point in time (Band vs Line)
Fixed Fibonacci Support ResistanceI took the formula of the fibonacci from LonesomeTheBlue and made this script. You can take a look at his indicator here:
When you first add the indicator on the chart, click on the chart to select the first date and then the second date. It will then calculate the fibonacci support and resistance of the range you choose. You can also choose the date inside the inputs.
Be sure the first date is before the second date, otherwise it won't be able to show the fibonacci. If that happen, choose a correct date in the inputs.
Simple OHLC Custom Range Interactive█ OVERVIEW
This indicator show lines of OHLC which can be commonly used as support and resistance zones.
OHLC can be shown table with candlestick visual.
Color of candlestick depends on direction of bullish / bearish of the chosen candlestick.
█ INSPIRATION
Inspired by design, code and usage of CAGR . Basic usage of custom range / interactive, pretty much explained here . Credits to TradingView .
█ FEATURES
Table can positioned by any position and font size can be resized.
OHLC can be in full or simple name.
Lines can be extend either right, left, both or none.
█ HOW TO USE
Only 1 point is required.
Dont worry about magnet, point will attached depends on High or Low of the candle.
█ USAGE / TIPS EXAMPLES (Description explained in each image)
TwV Multi-timeframe Dynamic VRVPMulti-timeframe Dynamic Visible Range Volume Profile
The volume profile is an indicator that displays trading activity over a specified period and plots a histogram on the chart which reveals dominant and significant price levels based on volume and in essence gives a clear indication of Supply or demand at a certain price rather than volume in a certain period.
What makes this VRVP indicator different from other is that it is multi-timeframe and dynamic, meaning that it has the ability to show the POC for a higher timeframe and that it also recalculates the main POC every single time traders adjust the chart.
Most VRVP need to be adjusted to a fixed position for the Main POC, I made an improvement by giving the indicator the ability to identify the bars that are being look at in the screen, this really gives traders the possibility and agility to identify potential support and resistance areas without the need to be changing any settings on the indicator.
Furthermore, giving the ability to the indicator to be multi-timeframe allows traders not only to work with a point of control in one timeframe, but also have a dashed line plotting the Point of Control of a HIGHER timeframe, which could potentially be a strongest support or resistance. The multi-timeframe point of control is fixed only.
This VRVP is completely similar to the official Trading View paid subscription one.
Fundamentals
Point of Control (POC): The price level for the time period with the highest traded volume. The POC is represented by an amber line within the indicator.
Profile High: The highest reached price level during the specified time period
Profile Low: The lowest reached price level during the specified time period.
Value Area (VA): The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Value Area High (VAH): The highest price level within the value area.
Value Area Low (VAL): The lowest price level within the value area.
Usage
The Resistance and Support levels can be provided by the Volume profile using a reactive method so they constantly change with price action and give a clearer picture to predict future price movements. The Reactive method relies on past price movements at certain price levels and applies a more significant understanding of price reaction at certain meaningful levels
Support levels will be areas where price will be supported on the way down.
Resistance levels will be areas that resist price on the way up.
A basic understanding of this is that Buyers will enter the market at the bottom of a profile and sellers will enter the market at the top of the profile.
Configuration
By the default the indicator has enabled plotting the charts timeframe Volume Profile.
Multi-timeframe option needs to be enabled and desired timeframe chosen from selector menu.
Bars back value for fixed calculation of the multi-timeframe point of control.
Traders can adjust default settings as follows:
Charts timeframe VRVP
Main POC color – Yellow
Positive Volume – Green
Negative Volume – Red
VRVP Width – 100 (Refers to the plotting width for better suiting on small screens)
Multi timeframe VRVP
Enable or disable calculations
Bars back - Fixed numbers of bars for calculation (Consider that max bars back limit is 5000, but it considers 5000 bars on the current charts timeframe, therefore traders need to take into consideration converting number of bars in higher timeframe to charts timeframe)
e.g.
Charts timeframe 15m – MTF desired 1H
1H = 60 min 15m = 15 min – 100 bars back equivalent to (60 min * 100) / 15 = 400
Lower than 5000 then calculations takes place, otherwise calculations will be disabled.
Multi-timeframe POC color = Light blue DASHED
Timeframe desired – 1H by default
Summary box
Enable or disable box
Box shows information regarding the exact price where Main POC and MTF POC reside
Table Size for better fitting on mobile devices
able Position for adjusting to each trader’s preference or use in combination with other indicators
DonchianFib[Akcay]How does it work?
- The indicator detects the highest and lowest price level in the last x periods every time prices advance by x periods.
- From these values, retracement (0.618, 0.786) and expansion levels (1.272, 1.618, 2, 2.618, 3.14, 3.618, 4.236) are obtained.
- Since the symmetrical counterpart of the retracement levels is used, there are two of each of the 0.618 and 0.786 lines, for a total of four.
How can it be used?
- It can be used for step buying.
- It can be used for step selling.
- Can be used to set a profit target.
- Can be used to set a stop target.
- This indicator can be used in the same way as Pivot levels can be used. You can think of this indicator like the Pivot Points Standard indicator, where you set the period more flexibly.
Which indicators can it be combined with?
- I don't think there are any limitations, but I think it is compatible with trend detection indicators, trend detection with DonchianFib, and stepped buy/sell with limit orders.
- If you want to enter a position with mismatch signals, you can wait for the DonchianFib levels to break.
- Its use is limited by your imagination :)
Where does the name come from?
- As the name suggests, Donchian Channels. I was inspired by Donchian Channels when developing the indicator. Donchian channels show the highs and lows of prices over the last x number of periods. DonchianFib does this once for every x periods and uses the fibonacci levels to create upper and intermediate levels.
Note : I don't know if such an indicator has been done before or not. If it has been done, I haven't seen it in tradingview.
Çalışma mantığı nedir ?
- Gösterge, fiyatlar her x periyot kadar ilerlediğinde son x periyot içerisindeki en yüksek ve en düşük fiyat seviyesini tespit eder.
- Bu değerler üzerinden geri çekilme (0.618, 0.786) ve genişleme seviyeleri (1.272, 1.618, 2, 2.618, 3.14, 3.618, 4.236) elde edilir.
- Geri çekilme seviyelerinin simetrik karşılığı kullanıldığından 0.618 ve 0.786 çizgilerinden her birinden iki adet olmak üzere toplamda dört adet bulunur.
Nasıl kullanılabilir ?
- Kademeli alım yapmak için kullanılabilir.
- Kademeli satım yapmak için kullanılabilir.
- Kâr hedefi belirlemek için kullanılabilir.
- Stop hedefi belirlemek için kullanılabilir.
- Pivot seviyelerinden nasıl faydalanılıyorsa bu göstergeden de aynı şekilde faydalanılabilir. Bu göstergeyi, periyodunu kendinizin daha esnek bir şekilde belirlediğiniz Pivot Noktalar Standartı göstergesi gibi düşünebilirsiniz.
Hangi göstergelerle kombine edilebilir ?
- Bunun için herhangi sınırlama yapmak doğru değil ancak trend tespit etmeye çalışan göstergelerle uyumlu olduğunu düşünüyorum. Bu göstergeler ile trend tespiti yapıp DonchianFib ile alım/satım yerleri belirlenebilir ve limit emirleri ile kademeli alım/satım yapılabilir.
- Uyuşmazlık sinyalleri ile pozisyona girilmek isteniliyorsa DonchianFib seviyelerinin kırılması beklenebilir.
- Kullanımı sizin hayal gücünüz ile sınırlıdır :)
Adı nereden geliyor ?
- Adından da anlaşılacağı üzere Donchian Kanallarından. Göstergeyi geliştirirken Donchian Kanallarından ilham aldım. Donchian kanalları fiyatların son x periyot içerisindeki en yüksek ve en düşük seviyelerini grafikte gösteriyor. DonchianFib ise bunu her x periyot için bir defa yapıp, fibonacci seviyelerini de kullanarak üst ve ara seviyeler oluşturuyor.
Not : Daha önce böyle bir göstergenin yapılıp yapılmadığını bilmiyorum. Yapıldı ise ben tradingview'da görmedim.
Multi Timeframe Support and Resistance [ABA Invest]About
Automatic level of support and resistance ( SnR ) in the chart. It helps users to decide where is the level of SnR and also optimize the level by changing the input base on their needs
Input:
Pivot - The number of bars left and right side of the pivot to choose how detailed the SnR level
Type - To draw the line on the candle wick endpoints or body
Timeframes option - you can choose to display other timeframes beside the current chart timeframe
Adaptive moving average - to help users identify breaks of the SnR level with the moving average line
Line length - length of the moving average line if you activate the adaptive moving average option
How to use:
Attach the indicator to the chart and then you will find the red and green lines. Red line work as resistance level and green line works as support level and also you can merge adjacent line levels into an area of SnR.
The Adaptive moving average (AMA) line function is to see the break of SnR level and prepare for the setup.
Buy setup: AMA line break resistance level, when the price retest the support (the previous break resistance) we can enter buy trade
Sell setup: AMA line break support level, when the price retest the resistance (the previous break support) we can enter sell trade
Note: Don’t blindly follow the AMA trend signal
Extreme Volume Support Resistance LevelsExtreme Volume Support Resistance Levels are S/R levels(zones, basically), based on extreme volume .
Settings:
Lookback -- number of bars, which algorithm will be using;
Volume Threshold Period -- period of MA (Volume MA), which smoothers volume in order to find the extremes;
Volume Threshold Multiplier -- multiplier for Volume MA, which "lift" Volume MA and thus will provide the algorithm with more accurate extreme volume ;
Number of zones to show -- number of last S/R zones, which will be shown on the chart.
RU:
Extreme Volume Support Resistance Levels — это уровни S/R (зоны, в основном), основанные на избыточном объеме.
Параметры:
Lookback -- число баров, которое алгоритм будет использовать для расчётов;
Volume Threshold Period -- период MA (Volume MA), которая сглаживает объем для нахождения экстремумов объёма;
Volume Threshold Multiplier -- множитель для Volume MA, который "поднимает" Volume MA и тем самым обеспечивает алгоритм более точными значениями экстремального объёма;
Количество зон для отображения -- количество оставшихся зон S/R, которые отображаются на графике.
RSI SR by Kred-AllinoHello Trader,
This indicator is draw Support & Resistance Level based on RSI Calculation, It will help you to find Support and Resistance very Easily.
Red Color Line - Resistance
Green Color Line - Support
RSI comes up from the OS region. So it's good time to do the calculation with.
- Find out the lowest RSI value from the RSI array
- Get the corresponding low price from the price array
- Get the corresponding bar_index from bar_index array
- Draw the demand/support line on that price
This Indicator is made for Educational Purpose only, Author will not liable for direct or indirect for any losses due to use of Indicator.
VWAP & Previous VWAP - MTF█ Volume Weighted Average Price & Previous Volume Weighted Average Price - Multi Timeframe
This script can display the daily, weekly, monthly, quarterly, yearly and rolling VWAP but also the previous ones.
█ Volume Weighted Average Price (VWAP)
The VWAP is a technical analysis tool used to measure the average price weighted by volume.
VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices.
VWAP is similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling.
VWAP is primarily used by technical analysts to identify market trends.
█ Rolling VWAP
The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day.
Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe.
You can thus use the rolling VWAP on any chart that includes volume information in its data feed.
Because the rolling VWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset.
For the version with standard deviation bands.
MTF VWAP & StDev Bands
4C Expected Move (Weekly Options)This indicator plots the Expected Move (EM) calculated from weekly options pricing, for a quick visual reference.
The EM is the amount that a stock is predicted to increase or decrease from its current price, based on the current level of implied volatility.
This range can be viewed as support and resistance, or once price gets outside of the range, institutional hedging actions can accelerate the move in that direction.
The EM range is based on the Weekly close of the prior week.
It can be useful to know what the weekly EM range is for a stock to understand the probabilities of the overall distance, direction and volatility for the week.
To use this indicator you must have access to a broker with options data (not available on Tradingview).
Look at the stock's option chain and find the weekly expected move. You will have to do your own research to find where this information is displayed depending on your broker.
See screenshot example on the chart. This is the Thinkorswim platform's option chain, and the Implied Volatility % and the calculated EM is circled in red. Use the +- number in parentheses, NOT the % value.
Input that number into the indicator on a weekly basis, ideally on the weekend sometime after the cash market close on Friday, and before the Market open at the beginning of the trading week.
The indicator must be manually updated each week.
It will automatically start over at the beginning of the week.
Support and Resistance Intensity ZonesSupport and resistance are often drawn using lines. This is too simple and doesn't give a clear idea of the market sentiment at these particular levels. What is strong support and resistance? What is weak support and resistance. How can either be defined by a single price point?
Using a simple, clean and configurable solution, this indicator not only shows these support and resistance levels as zones, it also gives them a colour gradient based on their intensity.
It does this by letting you choose the pivot highs and lows within a chosen range back. Then you choose one of two options to display how these multiple pivots at the same levels look. You can either group these pivots together into 'zones', where grouped pivots are all separated by a chosen price percentage, choosing how many zones to display, the most grouped pivots being the most intense colour.
Alternatively you display the pivots by 'gradient', where the closer the pivots are together in price the more intense the colour. As pivots diverge apart, the colour weakens.
Both of these options have to be seen to realise how much more there is to support and resistance than a single line.
Gap ZonesSharing a simple gap zone identifier, simply detects gap up/down areas and plots them for visual reference. Calculation uses new candle open compared to previous candle close and draws the zone, a mid point is plotted also as far too often it's significance is proven effective.
Works on any timeframe and market though I recommend utilizing timeframes such as weekly or daily for viewing at lower timeframes such as 5, 15 or 30 minutes.
Often price is observed reaching towards zone high/mid/low before rejection/bouncing. These gap zones can give quantitative basis for trade management.
Future features may include alerts based on price crossing up/down gap low, mid and highs. Feel free to message with any other suggestions.
MTF MA Ribbon and Bands + BB, Gaussian F. and R. VWAP with StDev█ Multi Timeframe Moving Average Ribbon and Bands + Bollinger Bands, Gaussian Filter and Rolling Volume Weighted Average Price with Standard Deviation Bands
Up to 9 moving averages can be independently applied.
The length , type and timeframe of each moving average are configurable .
The lines, colors and background fill are customizable too.
This script can also display:
Moving Average Bands
Bollinger Bands
Gaussian Filter
Rolling VWAP and Standard Deviation Bands
Types of Moving Averages:
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Smoothed Moving Average (SMMA)
Weighted Moving Average (WMA)
Volume Weighted Moving Average (VWMA)
Least Squares Moving Average (LSMA)
Hull Moving Average (HMA)
Arnaud Legoux Moving Average (ALMA)
█ Moving Average
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time.
A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance.
█ Bollinger Bands
Bollinger Bands consist of a band of three lines which are plotted in relation to security prices.
The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader, a 20 day moving average is by far the most popular).
The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price.
█ Gaussian Filter
Gaussian filter can be used for smoothing.
It rejects high frequencies (fast movements) better than an EMA and has lower lag.
A Gaussian filter is one whose transfer response is described by the familiar Gaussian bell-shaped curve.
In the case of low-pass filters, only the upper half of the curve describes the filter.
The use of gaussian filters is a move toward achieving the dual goal of reducing lag and reducing the lag of high-frequency components relative to the lag of lower-frequency components.
█ Rolling VWAP
The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day.
Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe.
You can thus use the rolling VWAP on any chart that includes volume information in its data feed.
Because the rolling VWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset.
Made with the help from scripts of: adam24x, VishvaP, loxx and pmk07.
Trend SuggestionsThis brings together a number of variables to produce trend predictions that could be utilized as decision-making tools.
Uses the aforementioned price and volume derivatives
- A moving average and three weighted moving averages (WMA1, WMA2, WMA3)
- Super Trend Line (ST)
- Opening Range Breakout on Five Minutes, Resistance Bands Pocket pivots, support, and price volume
he Direction is determined by the High and Low Bands of WMAs and the Supertrend Line, which are used to determine the Upper and Lower Lines around the Price. When the price passes below the lower boundary of the band, a downtrend is said to have begun.
Similarly, for an uptrend, this continues until the price passes over the upper edge of the band. Teal for an uptrend and fuchsia for a downturn area shared by the band to identify the trend.
The first five minutes of the breakout lines have a tiny buffer augmentation of 11% applied to them.
Based on what has been observed, support and resistance zones have been somewhat changed from the figures that are often utilized (might work other markets as well)
The markings that may be seen are as follows:
- Blue Triangle indicates a pocket pivot with an upward bias;
- Maroon Triangle indicates a pocket pivot with a downward bias;
- Teal colored Diamonds indicate price upthrusts and potential trend confirmation locations, depending on success or failure.
- Similar backdrop color changes that look as vertical shading are also used to identify them.
- Fuchsia-colored diamonds indicate price declines and a potential trend, depending on whether it persists or fails.
- Dark green and maroon square boxes indicate potential price reversals in the support and resistance bands, respectively.
It goes without saying that this work is derived from numerous other open-source community initiatives.
Feel free to adjust anything you'd like, and we appreciate any feedback.
High Accuracy Tops/BottomsThis script may be TradingView's most accurate tops & bottoms indicator ever published.
Since it's experimental, I'm going to offer access to it free of charge. Send me a direct message requesting access.
5 years ago I joined TradingView and began studying price and the factors behind what causes bottoms and tops to form as well as how to find them. Fascinated by it, I spent years researching and discovered lot of different concepts that play an instrumental role with tops and bottoms: Market structure, price reactions, S/R , and much more. Through tons of experimenting, I ended up discovering a variety of NEW methods of identifying tops & bottoms. Through the years I've built up a script that has enabled the process for identifying tops and bottoms within the market to be much more convenient.
This is currently experimental and still has a lot of potential for improvement. The objective of the indicator is to help identify absolute tops and bottoms, and so far it does a great job whenever it provides a signal. It works for practically all types of securities, and surprisingly, even if they are in illiquid markets.
This indicator does NOT repaint whatsoever.
Below are a few examples of it across different security types as well as different timeframes:
Bitcoin
Gamestop (GME)
Luna / TetherUS
Crude Oil (Commodities)
Even spanning back centuries:
The indicator should be used for the following:
-Helping find potential entry points
-Timing trades and improving risk management
-Assisting with plotting top/bottom support and resistance levels
-For higher timeframes, use in conjunction with market news or global headlines
-For lower timeframes, use in conjunction with other indicators/trading tools
This is not a buy & sell indicator.. This is a TOOL to help identify accurate entry points and craft decisions based upon it.
Soon, I will be providing an updated version of it. It will include explicit details surrounding how it works and it's functions. My aim is to provide some level of value to the TradingView community in return for the great insight Tradingview and other platforms have insighted me with over price action.
Wavetrend DivergencesCreated for the MarketCipher Community and friends :)
This indicator is partly based on Wavetrend Oscillator by LazyBear / blue momentum waves on MarketCipher B.
The Wavetrend indicator is a combination of 2 oscillator lines that signals the short term direction of the price once the lines cross. The Wavetrend indicator is useful but only once a divergence has been identified based on the crosses and the price which is what this strategy partly uses to open trades. This indicator signals divergences in the wavetrend, both regular and hidden divergences.
This indicator utilizes support and resistances to make sure that the indicator only signals high probability winning divergences. Supports represents a low level a stock price reaches over time, while resistance represents a high level a stock price reaches over time. Support materializes when a stock price drops to a level that prompts traders to buy. This reactionary buying causes a stock price to stop dropping and start rising and this is where the indicator will be looking for a divergence at a price point of your choosing.
To make it easier i have added a support and resistance drawing indicator that will help you find price points on the chart that the price is likely to get a reaction from. There are right now only 4 support or resistances that can be drawn at one time so make sure to update the levels as the market changes.
I have helped update and modify from the original script. Here it is:
On top of these indicators i have added my own indicator that will signal a short term trend reversal that is based on pivot points and moving averages. This will usually signal reversals earlier than divergences and is very effective when following the trend and using support and resistances and can be used as an extra confirmation that there will be a reaction from the support or resistance and that the divergence will play out like you want it to. These trend reversal dots can also be used to take profit.
Trade setup example:
As seen in the picture below price comes down to a previously drawn support line, then there is a trend reversal dot that signal a potential reversal and finally a divergence is signalled once there is a clear reaction to the support. When all these signals come together there is a high probability that the trade will end up in profit. To take profit in this trade setup you can use the trend reversal dots, the drawn resistances or your own intuition and technical analysis with Marketcipher B and DBSI. A stop loss in this trade setup could be at the swing low, below the blue or teal line.
There are alerts for everything so that you wont miss a trade setup. Hope you like it :)
I have some ideas on how to improve the indicator so there will be updates in the future.
Waves + ZOOnes TimeFrameTrend visualization tool in Wave theory. Unlike Elliot waves, it has a constant pattern length. The formation consists of impulse and 3 corrections.
The script analyzes candle relationships in the currect trend, trend will be continueted until candle are not breaking trend rules.
Currently it supports 2 rulesets/wave variants:
Low - More sensitive (trend will change more ofter).
Meddium - Less sensitive ( trend will change less ofter).
Simultaneous observation of both types allows to detect consolidation before the overlapping movement and increase the probability of indicating the moment of the movement occurrence.
Script with limited access, contact author to get authorization
Features:
- Allow to pick timeframe used for visualization.
- Show Low and Middle type/order waves
- Show support/resistance areas for the Low and Middle type/order waves.
- Types for waves and support areas are picked independently. Script can show Middle Waves with Low Waves support areas.
- Shadow mode that show second wave moved to the wave max/min bars.
- Show historical support/resistance areas that are not valid any more.
Script settings:
Timeframe - Time frame used for visualization. It should be less precise or equal as the chart one. e.g. it can show 1D visualization over 1H chart.
TREND VISUALIZATION
Type - Kind of waves should be drawn.
H(idden) - Do not draw any waves.
L(low) - Draw low waves
M(edium) - Draw medium waves
B(oth) - Draw both low and medium waves
Confirmation - Showing confirmation lavel over current bar If wave direction will not change on this bar
Shadow - Showing second reprezentation of the trend with drawing with the use of minimal and maximal values. It's usefull to determine the delay between the peak and a wave change signal.
Line width - Width of drawn line. Separate setting for Low and Medium trend type.
Color - Color of drawn line. Separate settings for Low and Medium trend type.
Change trend signals - Showing places where alerts are generated (debug feature).
u - trend change to UP
d - trend change to DOWN
U - trand change to UP from the zone
D - trand change to down from the zone
IMPULS VISUALIZATION
Impuls - Picking graphical reprezentation of first bullish arrow.
H - Hidden
F - First
S - Second
A - Auto
Color - Color of the first bullish arrow.
Draw arrow - Turning on/off drawing arrow at the end of the impuls wave.
ZOONES
ZOOnes type - Determines what type of trend is used to designate areas of support.
D - Disabled
L - Low
M - Medium
Only nearest zones - Drawing only one nearest zone above and below current price.
Only nearest potencial zones - Drawing only one nearest potencial zone above and below current price.
Resistance - Set of colors (resistance zone background, resistance zone border, potencial resistance zone background, potencial resistance zone border) used for drawing resistance zones and potencial resistance zones.
Support - Set of colors (support zone background, support zone border, potencial support zone background, potencial support zone border) used for drawing support zones and potencial support zones
Show history - Showing zones in historical data
Show fake potencials - Showing historical potencial zonnes that were rejected (debug purpose).
Double count - Treated support and resistance zoones as one zoone
Zone precision - Determines how many bars are included in area calculation.
Alerts:
Low trend DOWN - When Low trend type is changing from UP to DOWN
Low trend UP - When Low trend type is changing from DOWN to UP
middle trend DOWN - When Middle trend type is changing from UP to DOWN
middle trend UP - When Middle trend type is changing from DOWN to UP
middle trend from ZOOnes DOWN - When Middle trend type is changing from UP to DOWN after hiting resistance area .
middle trend from ZOOnes UP = When Middle trend type is changing from DOWN to UP after hiting support area .
Troubleshooting:
In case of any problems, send error details to the author of the script.
PA Swings [TTA]Hello traders!
This script helps identify swing high levels of resistance and swing low levels of support via price action.
The indicator is designed to help identify support and resistance by measuring retracements. When the retracement has reached the threshold, the indicator identifies the high or low with a horizontal, solid line.
This line will continue until it is violated. Once it is violated it will adjust to a dashed line and continue until it is violated again (retested).
Therefore, a solid line resembles an unviolated swing level; a dashed line resembles a violated swing level that has yet to be retested.
Ideally, this script will filter some movements by identifying impulses in the market. Knowing that price is in a trending move rather than bouncing around in a range can help traders in their analysis. In range bound conditions the indicator will show small impulses, sometimes trapped by a support and/or resistance line. In trending markets there will be separation between the support and resistance lines.
Retests are also identified by the indicator.
Retests of swing highs and lows may induce precise, repeatable price moves - something a trader might find advantageous. A log is included to help identify potential price levels based on historical actions when an impulse or a retest occurs.
Consequently, this may help traders identify take-profit targets and avoid stop losses that are too close to the entry point.
The indicator has a color identity panel to help you get familiar with the colored lines, line types, and what they mean. The color panel is concealable. Additional customization options are available, such as toggling the chart labels. These labels distinguish impulses up and down, retests, and the distance price has traveled since breaking or creating a support or resistance level.
This can be toggled off. A High-Volume Swings only option is available for those that wish to filter out low volume movements (such as extended market hours).
You also have the option of hiding far away lines and can define what is “far away” for them % wise. It is defaulted to 15% which may need to be adjusted on lower timeframes.
Inactive lines can be shown or they can be removed in the settings as well. While this indicator can find some great levels of support or resistance it is important to remember that, should you find this script helpful, it is a tool in your toolbox!! (:
Hope you enjoy and thank you for checking this out!
