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Pivot Points on SR linesAnalyzing price movements for a few years taught me one thing - markets always reverse bouncing off some horizontal Support/Resistance level. The only exception to this rule is when market pops new ATH (All Time High), which certainly happened in so-called "price discovery" run - this asset has never been in this space before, so no Support/Resistance could have been formed, while the rally had to stop at some point anyway. In all other cases, analyzing past market movements, you will be able to find a place where the market reversed or gathered before. The difficulty is to understand (or guess?) from which S/R level market will reverse right now, because there are many of them. Even if this is probably not possible to make such guess correctly and always, it is good to know when potential reversal shown by whatever indicator you're using happened on SR line or in the middle of nowhere. That last case would turn out to be fake to your worst regrets. Ability to filter-out all those fake pivots is a value my indicator delivers. Example? It is very often considered an entry signal when Stochastic %K and %D lines cross each other, especially in overbought/oversold area. It could work quite well in sideways markets, but when a trend begins, Stochastic would report CONSECUTIVE counter-trend signals, draining your trading balance to zero quickly. But this trend took place in price-discovery area (not necessarily when going for the new ATH ), so all those counter-trend signals happened not at S/R levels. Hence, they should be ignored. Big triangles mark pivot point which happened on the S/R line. Small triangles - in the middle of nowhere. How good is it? I compared it with one of my previous scripts, the "PivotPoints with Momentum confirmation" (), this new script confirms only 1/3 of pivots in the old script on 1m EURUSD chart. Filtering out 2/3 of potentially bad entries is a good result, I'd say :) This script also fires alerts - alert is triggered as soon as PivotPoint is noticed, on a candle close. I strongly recommend NOT using it not using this indicator as a standalone indicator. There is so much information you should take into consideration as well - market bias, volume , higher timeframe trend... To make it convenient to join PivotPoints information with other indicators, I have "exported" one plot so you can include it in your own - just use input.source in your own code to have it return 1 for PivotLow ( aka Long entry) and -1 for PivotHigh ( aka Short entry).
Pine Script® indicator
by Peter_O
11
MTF Order Block FinderAn Order Block is a special type of pivot point that satisfies the following requirement: A Bull/Bear candle followed by X consecutive candles in the opposite direction. Order Blocks are interesting areas that are frequently revisited and can be treated as Support/Resistance levels. Often, you can see explosive price rejection of these areas via long wicks, high volume, and rapid price change. Features Choose from two themes: - LIGHT: a classic Red and Green representing Bearish and Bullish OBs, respectively - DARK: a clean Blue and White scheme Choose from two drawing styles: - LINE: three lines representing the High, Low, and Mid price levels of the OB candle - BOX: a bounded area similar to the "rectangle" tool Chose a custom timeframe: - From 1 Minute (useful for Seconds interval) up to 1 Month Note, this setting is experimental and choosing a timeframe that is extraordinarily large may not function properly. Filter order blocks with two settings: - Number of consecutive bars - Minimum % change of the potential OB bar (default 0.25%) Keep your charts clean and show only relevant OBs - Maximum number of Bullish zones to show - Maximum number of Bearish zones to show FAQ Q: How do I trade with this indicator? A:Personally, I use a fast entry indicator to confirm Long/Short position when price is rejected. I set my SL and TP based on the current Zone and the next one, if available. Q: Does this repaint? A:Yes and this is okay! The "Bear" and "Bull" signals are not meant for taking positions, only showing which candle reveals the Order Block. The Zone is much more useful to us and can result in several successful trades in the near future when treated as a support/resistance area. Q What's the winrate? A:Hard to say - this isn't a standalone strategy and I haven't been able to properly backtest it quite yet.
Pine Script® indicator
by DasanC
125
Support and Resistance Index {Fournier-Eaton} This algorithm quantifies the amount of pressure applied by support and resistance and helps confirm trend initiation as levels, relative to horizontal supports and resistances are broken. Look for spread in the red and green lines A low spread will usually indicate a rangebound stock as it is pressured on both sides equally by resistance and support A high spread will typically indicate a stock prepared to make a new directional move. A widening spread will indicate the continuation of a trend A narrowing spread will indicate the beginning of a reversal. More succinctly: A large spread with RED OVER GREEN indicates a high probability of upward reversal -- think downtrend is exhausted. A large spread with GREEN OVER RED indicates a high probability of downward reversal -- think uptrend is exhausted. Shape and relative values (wide green over red etc), not indicator values are of importance, are the most important. Feedback is always helpful and I hope you find this useful.
Pine Script® indicator
by BradfordFournier
CryptoKiller Support ResistanceThe CK family is ready to welcome a new indicator: CryptoKiller Support Resistance. Our oscillator determines the levels where the price has congestion, both up and down. This is why we decided to exploit these signals so as to make an indicator capable of tracking supports and resistances. The indicator marks the support and resistance levels found by CryptoKiller Oscillator, the blue / light blue lines are found during bullish movements; purple and magenta lines are found during bearish movements. The light blue and magenta colors indicate probable support levels, the blue and purple colors indicate probable resistance levels. If multiple lines occur in a narrow price range, the price is in an area where there is a high probability of reversal (probable market top or bottom). As well as CryptoKiller and CryptoKiller Oscillator it is optimized for ETHUSDTPERP 30 min, BTCUSDTPERP 30 min and BNBUSDTPERP 30 min, but it can be used on any chart and timeframe, there is a custom mode with which to change the input parameters. This script is provided together with CryptoKiller and CryptoKiller Oscillator. It is also possible to have it separately from the others, as always with a free trial week.
Pine Script® indicator
by cryptokillerlab
6
Fibonacci and Ema Trend + Pullback alerts This indicator tells you what to do with supports and resistances based on fibonacci with signs and alarms and Ema 200 with buy or sell fast pullback alarms When 0.5 is bear the price will seek to break the lower supports sell from 0.5 to bear zone and obtain profits below the supports stop loss above resistence When 0.5 is bull the price will seek to break the highest resistances buy from 0.5 to bull zone and profit above the resistances stop loss below support you can edit the indicator to have slower or faster levels if you want The alarms that the indicator has : Resistence down Resistence up Bull zone UP Buy 0.5 Bull Sell 0.5 Bear Bear zone DOWN Bear zone UP sell to 5.0 bear Bull zone DOWN Buy to 0.5 bull Support zone DOWN Support zone UP ema 200 pullback alerts when price is going up active the buy fast pullback alarm stop loss below ema 200 or support when price is going Down active the sell fast pullback alarm stop loss above ema 200 or resistence
Pine Script® indicator
by ElPablo18
2
Marked Highs/Lows - Support & ResistanceThis indicator mimics the functionality of marked highs/lows in MarketSmith, a charting tool available from Investor's Business Daily. Marked highs/lows, sometimes referred to as pivot highs/lows, can be used to locate areas of support and resistance. These same points can also be helpful when drawing trendlines and channels. I've added several customization options that add to the flexibility and overall usefulness of this technical indicator. Custom Ranges for Marked Highs/Lows In MarketSmith, a marked high is the highest high going back nine bars and forward nine bars. The number of required bars with lower highs on each side of the high is referred to as the period. The default for the indicator is a nine bar period, however, you can configure the period to fit with your trading style. View Marked Highs/Lows on Any Timeframe MarketSmith only supports marked highs/lows on daily charts. With this indicator you can view marked highs/lows on any timeframe. Suggestions ■ Draw horizontal rays from the most recent marked high and low to help visualize areas of support and resistance. ■ Create a channel to show the current trading range. Draw a trendline across marked highs and a separate trendline across marked lows. ■ Increase the marked high/low periods to find more significant highs and lows.
Pine Script® indicator
by JohnMuchow
67
BT Astrology Indicator by Imthiaz007 BT-Astrology Indicator is fine tuned indicator to calculate and draw daly support and resistance based on Gann level for intraday trade or swing trade. The original Idea is given by Mr. Alex from Badshai Trading; I am a Software Developer by profession so that I just coded it and add some signals for back testing. I also add following Indicator for better view: a) Simple Moving Average b) VWAP c) Bollinger Band The Input section of the Indicator : SMA :- Length 35 as per Mr. Alex suggestion Minutes : Enter minutes in terms of number of minutes on which VWAP value will be taken for calculating the levels. By default it will be 20 means VWAP value of 9:35 AM candle will be consider for drawing levels. How it works ? Buy : When resistance is broken with higher high formation and candle is above 35 SMA Sell : When support is broken with lower low formation and candle is below 35 SMA Hope you like it!!!
Pine Script® indicator
by imthiaz007
1
Custom Volume - Periodic Peaks & Troughs + AlertThis script is a custom volume indicator with additional features. But why is this useful? The minimum and maximum volumes, in different time periods, are displayed by labels below the bars. I call them "Peaks" and "Troughs". Hover your mouse cursor over the labels to see more details. These parameters are widely used in technical analysis. If traders want to confirm a reversal on a level of support–or floor–they look for high buying volume. Conversely, if traders are looking to confirm a break in the level of support, they look for low volume from buyers. If traders want to confirm a reversal on a level of resistance–or ceiling– they look for high selling volume. Conversely, if traders are looking to confirm a break in the level of resistance, they look for high volume from buyers. For example, take a look at the chart. Settings menu parameters {Dialog Box} => Parameter to show / hide the dialog box. {Visual Parameters} => Parameters to personalize the appearance of the indicator. { Alert Conditions Part 01: Peaks ⏰ "} => Parameters to customize the alert. { Alert Conditions Part 02: Troughs ⏰ "} => Parameters to customize the alert. {Volume MA} => Moving average settings How to use alerts Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it. After that, changing the indicator settings on the chart will no longer affect the alert. Open the settings window and select the alert conditions as you wish Click the Create Alert button (or press the A key while holding down the ALT key) In the Condition section, select the name of the indicator. Make the rest of the settings as you wish. Finally, click on the Create button. It's finished. After a few moments, your alert will be added to the Alerts menu. Limits The labels are displayed after the bars close. Labels are displayed for the last 10,000 bars. References: Investopedia
Pine Script® indicator
by BobRivera990
32
Average Daily Range Fibonacci LevelsThe Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This indicator uses that range in conjunction with Fibonacci ratios to create zones centered on the day's open that tends to act as areas of support and resistance. The thicker White lines are the ADR levels; all other lines are the same value adjusted by the various Fibonacci values. A simpler version of this concept can be seen in my other script, Average Daily Range Zones, which does not include the Fibonacci ratio zones. Thanks to @Hank Hill for the original idea and TV for the feedback and support on the use of the security() function. Also thanks to @GoldenCross for the Fibonacci obsession.
Pine Script® indicator
by colejustice
24
Average Daily Range ZonesThe Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This range is is overlaid and centered on the day's open, and tends to act as areas of support and resistance . This indicator provides two aggregation periods, creating a range that represents volatility in the ADR; a wider spread indicates greater recent volatility , and vice-versa. Thanks to @Hank Hill for the original idea and ToS script this is based on, and TV for the feedback and support on the use of the security() function.
Pine Script® indicator
by colejustice
15
Eliza's S&R FrameThe frame has been put together to show greatly enhanced accuracy of support and resistance. Forget using open, high, low, close data for your S&R. This frame is built off e = 2.71828 and its multiples. The particularly important levels are yellow instead of blue and are to be given more attention when price is between a blue and yellow. Look for institutional candles which will open above and close below the level and vice versa. Look for trends which turn away just before the level on the retrace as this will get you laser accurate entries. Once a level breaks even by the tiniest bit assume it is no longer valid and price will now be caught in the range between the higher and lower levels it hasn't broken yet. Use with 1 minute chart as I do for greatest chance of success.
Pine Script® indicator
by Eliza123123
3
Volume Profile / Fixed RangeHello All, This script calculates and shows Volume Profile for the fixed range . Recently we have box.new() feature in Pine Language and it's used in this script as an example. Thanks to Pine Team and Tradingview!.. Sell/Buy volumes are calculated approximately!. Options: "Number of Bars" : Number of the bars that volume profile will be calculated/shown "Row Size" : Number of the Rows "Value Area Volume % " : the percent for Value Area and there are other options for coloring and POC line style Enjoy!
Pine Script® indicator
by LonesomeTheBlue
170
Support and Resistance by CainKellyeCheck out my automatic support and resistance indicator that uses the EMA of price change * relative volume as the bases of pivot search. It also tells the strength of the support and resistance lines calculated using a 4 times quicker EMA and using its distance from the slower one. The strongest plotted line has the maximum opacity and the weakest has the minimum opacity inside the given range. This calculation results in an organic detection of the support and resistance prices. You can set the distance range in percentage you want to have lines calculated around the current price. You can set the lines gravity distance inside which they are snapped together: the stronger line pulls the weaker to it by using strength weighted average for the new price value. You can increase the minimum opacity value in case you only see few lines (but the maximum is 15) You can change the used price for the lines to Close or High/Low but recommended is to use the average of those two (default) The distances multiplier helps to get a birds eye view easily when using 4H (or higher) chart and a separate one to use on Daily / Weekly / Monthly for even broader view. Lines and labels are drawn near the candles so you are still able to zoom in. Labels are not drawn when their line is barely visible (transparency >= 80) This indicator has been refined on the 15 minute and 1 hour charts of BTC and other cryptos but it works well in smaller volatility markets as well if the distances are adjusted accordingly.
Pine Script® indicator
by CainKellye
2
Support & Resistance - TradingEDThe use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level, from beginner to intermediate and advanced. This indicator will help you identify support and resistance levels over a previously determined range, whether from a count by candles , by minutes , hours or days . These support and resistance levels are calculated thanks to the highest and lowest points that will be painted along the chart, from the levels that you have previously selected . You will even have a way to identify the most recent levels , thanks to the fact that they will be painted in a darker tone , as well as some price labels to quickly identify each of the levels on the chart . Identifying these levels sometimes seems like a pretty difficult task, but with this indicator you will discover that it will be much easier than you think to be able to master these levels. As part of the analysis of chart patterns, traders use these price levels on charts that tend to act as barriers, preventing the price of an asset from being pushed in a certain direction. Support and resistance levels serve to identify the points where the price can favor certain probabilities for a stagnation or reversal of a prevailing trend. Main functions of this indicator: 1) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards , or if your trading is intraday, you can also select counts by MINUTES , HOURS or DAYS , depending on your trading style. 2) LENGTH , by default it will be loaded as in the STRATEGY , but considering the previous point, you can modify it according to your convenience. 3) You have the option to hide or show the EXTENDED LEVELS the way to identify the most recent levels. 4) You have the option to hide or show a LABEL at the right of the chart, with respect to the price levels. Main functions to customize the style of this indicator: a) You can select the COLOR for Support and for Resistance, with the colors that best suit you. b) In the case of the LABELS that appear at the right, the text, type of label and default color is not modifiable.
Pine Script® indicator
by Trading_ED
3
FullPac4Trader (I.Denis)The script combines the three most important indicators on the chart. 1. A set of six moving averages ( EMA and SMA ), which can be turned on and adjusted at your discretion. 2. Indication of support and resistance levels, calculated according to the Bollinger scheme. 3. Pivot Point and the nearest goals using the Floor method with the possibility of selecting a time period. The script version is v.1 (beta) The development of this script will continue. Feedback and suggestions are welcome.
Pine Script® indicator
by IlchDenis
1
Cup FinderHello All, This script finds the Cups and you can use it while analysing the symbols. it creates circle and channel for the potential Cups and checks the number of bars included by the channel, if included bars is equal or greater than the value you set then it shows the cup. The Options: "Number for Bars to search" : Maximum length of a Cup "Channel Width of the Cup" : Tate by the channel width of highest/lowest levels in last 300 bars, by default it's 5% "Check for Breakout" : if there is Cup then it checks Close or High/Low is used a source for breaokuts, usuful while cheking historical bars "Contained Bar Rate %" : after channel is created the script checks number of bars included by the channel of the Cup, you can set rate of included bars by this option "S how Channels of Cups ": if you enable this option then you can see the channels around the Cups and set it as you wish and there are some other options for labeling/removing old Cups and for coloring Here you can see how channel looks like: Cup with different colors: P.S. This is an experimental work and sorry for no explanation in the script. in the future if I have time I will try to write a script for Cup&Handle This script is also an example to calculate and draw circles :) Enjoy!
Pine Script® indicator
by LonesomeTheBlue
90
sadosi trends and barrierThis indicator should be used for give ideas. what they can do? draw up and down trend lines draw support and resistance lines to inform about the current price signal for high and low prices how can? By analyzing the prices in the 3 selected periods, 3 highs and 3 lows prices are marked. With the marked points, trend and resistance lines are drawn. The current price is analyzed and useful calculations displayed in the info box. Finaly adding moving averages. After all these transactions, the trend and resistances become easily visible on the chart. You can fine-tune the angle of the trend using high and low extensions you can catch different trend lines by changing the high and low trend points By changing the periods, you can set position the trend lines more accurately. When the price is too low or too high, the information box will warn you by change color. The trend lines to be created are for the purpose of giving an idea and convenience. It can be used on all timeframes, including horizontal trends.
Pine Script® indicator
by temmuzss
7