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MP MTF LiquidityMP MTF Liquidity Multi-Timeframe Liquidity Levels – Automatic High/Low Tracking This indicator automatically tracks and draws liquidity levels (recent highs and lows) from up to 6 custom timeframes directly on your chart. It’s designed for advanced traders who want to visualize important swing points and liquidity pools across multiple timeframes—ideal for Smart Money Concepts (SMC), ICT, and price action trading. Key Features: Multi-Timeframe Support: Select up to 6 different timeframes (ex: 1H, 4H, Daily, Weekly, etc.), each with separate color and visibility controls. Real Liquidity (No Repaint): Levels are only drawn from fully closed bars on each timeframe—no lines from currently forming candles, ensuring accuracy and no forward-looking bias. Automatic Detection: Highs and lows are detected automatically. Levels that get swept (price breaks through) are converted to dashed lines for easy visual distinction. Customizable: Choose line colors for highs/lows and set the maximum number of active levels per timeframe to keep charts clean. Extended Lines: All levels are extended to the right, helping you see how current price interacts with past liquidity. How It Works: On every new bar of your chosen higher timeframe(s), the indicator records the high and low of the previous (just-closed) candle. These levels are extended as rays until price sweeps (crosses) them. When a level is swept, it is redrawn as a dashed line to highlight liquidity grabs or stop hunts. No lines are drawn for the “live” bar—only confirmed, closed levels are displayed. Who is this for? SMC, ICT, and price action traders seeking high-confidence liquidity zones. Intraday, swing, and multi-timeframe traders who want an automated, visual edge. Anyone wanting to avoid repainting or “fake” levels from unfinished candles. Tip: Combine this indicator with your favorite order block, fair value gap (FVG), or market structure tools for even greater context and confluence. Disclaimer: No indicator guarantees profits. Always use with proper risk management and in conjunction with your trading plan.
Pine Script® indicator
by markoparkhomenko
BG 3:00 / 2:00 Candle High/Low LinesBG 3:00 Candle High/Low Lines This indicator highlights the high and low of the 1-hour candle exactly at 3:00 AM Bulgarian local time (EET/EEST). Horizontal lines are drawn at these levels and extended 5 hours forward, providing clear visualization of key daily levels. Key Features: Automatically adjusts for Bulgarian local time, including daylight saving time changes. Marks only the 3:00 AM candle on the 1-hour chart for a clean and focused view. Allows customizable colors for the high and low lines separately. Lines extend 5 hours ahead to aid in tracking important support and resistance levels. Ideal for traders analyzing the Bulgarian market or anyone interested in monitoring the 3:00 AM Europe/Sofia time frame. Use this tool to identify crucial price levels aligned with Bulgarian time and enhance your intraday trading strategy.
Pine Script® indicator
by SaintGeorge
Volume Dominance (Multi-Timeframe)Volume dominance is a mathematical concept i invented by separating up volume and down volume, and replacing the opposing elements in the averaging arrays with zeroes. positive volume dominance is calculated by taking the average of volumes with a positive price direction over a period. for every volume with a negative price direction within the period, a zero is added to the averaging array. Dpv = sum(upVol + (dnVol * 0)) / length Dnv = sum(dnVol + (upVol * 0)) / length Dpv = Dominance of Positive volume Dnv = Dominance of Negative volume upVol = total volume of upward filtered candles within length array dnVol = total volume of downward filtered candles within length array the user can see positive and negative volume dominance and read the label at the end of the plot to see the breadth of the dominance gap. the user can select between using EMA and SMA to compute the dominance averages. when the yellow center line moves with the change of a dominance line, it indicates strong directional force.
Pine Script® indicator
by Shaeroden
Smart Money Concepts [Modificado ALX]Smart Money Concepts MODIFICADO - Advanced Market Structure & Liquidity Analysis Smart Money Concepts is a comprehensive Pine Script indicator designed to help traders identify and visualize key market structure and liquidity concepts utilized by "Smart Money" (large institutional operators). This advanced tool provides a clear view of order flow and areas of interest on the chart, enhancing your technical analysis and trading decisions. Key Features: Internal and Swing Market Structure: Automatically identifies "Break of Structure" (BOS) and "Change of Character" (CHoCH) in both internal and swing structure, providing a deep understanding of trend direction and shifts. Strong and Weak Swing Points: Highlights strong and weak highs and lows, helping you recognize the strength or weakness of price levels. Traditional and Volumetric Order Blocks: Traditional Order Blocks: Detects and draws internal and swing order blocks, filtered by ATR or Cumulative Mean Range, to identify high-probability price reaction zones. NEW - Volumetric Order Blocks: A dedicated section that identifies order blocks based on significant volume activity, offering an additional perspective on institutional participation at key levels. You can configure the volume filtering period to suit your trading style. Order Block Mitigation: Highlights order blocks that have already been mitigated by price, allowing you to differentiate between active and past zones. Equal Highs/Lows (EQH/EQL): Draws dotted lines to identify "Equal Highs" and "Equal Lows" zones, indicating potential liquidity areas and price targets. Fair Value Gaps (FVG): Detects and visualizes Fair Value Gaps, price inefficiency zones that often act as magnets for future price revaluation. Premium/Discount/Equilibrium Zones: Delimits price areas as Premium (expensive), Discount (cheap), and Equilibrium, facilitating decision-making relative to the asset's current value. Previous Day/Week/Month Highs & Lows: Displays key price levels from previous periods for multi-timeframe liquidity analysis. Buy/Sell Signals with Count (NEW): Generates clear "BUY" and "SELL" labels on the chart, with a counter that resets when an opposing signal appears, offering a straightforward visualization of order sequences. Full Customization: Adjust colors, visibility of each component, and filtering parameters to adapt the indicator to your visual and strategic preferences. Smart Money Concepts is an essential tool for traders seeking an edge by operating with Smart Money logic, providing a clear visual representation of the most important concepts in liquidity and market structure analysis.
Pine Script® indicator
by alexsaul
Strong Body Candle detector (Raja Saien)This indicator is designed to automatically detect strong-body dominance candles—candles that show clear directional strength with a large body compared to their wick range. These candles often indicate strong momentum or breakout confirmation. ✅ Features: Auto Detection: Identifies candles with a body that meets your defined strength criteria (e.g., 70–90% of full candle range). Directional Bias: Highlights bullish and bearish strong candles with different color schemes. Real-Time Alerts: Set alerts to get notified immediately when a strong dominance candle forms, so you never miss an opportunity. Customizable Settings: Adjust body-to-wick ratio, minimum candle size, and alert preferences. 📈 Use Cases: Breakout confirmation after consolidation or key level Trend continuation signals during high-volume sessions ⚙️ How to Use: Add the indicator to your chart (any timeframe). Customize the body percentage threshold (default is 80%). Enable alerts with your desired conditions. Use in confluence with support/resistance, OBs, or liquidity zones for high-probability setups. 🔔 Alerts: Strong Bullish Candle Detected Strong Bearish Candle Detected Alerts trigger as soon as a qualifying candle closes. 📌 Note: This indicator is best used with price action strategies and should not be relied upon as a standalone signal. For best results, combine it with trend filters or order block zones.
Pine Script® indicator
by RajaSaien
Liquidity Spectrum Visualizer [BigBeluga]🔵 OVERVIEW The Liquidity Spectrum Visualizer is a smart tool for exposing hidden liquidity zones by combining a dynamic volume profile, clear liquidity levels, and intuitive volume bubbles directly on your price chart. It shows you exactly where significant volume is clustering inside your chosen lookback period — highlighting where big market participants may be defending price or planning breakouts. 🔵 CONCEPTS Volume Profile Bins: Breaks your custom lookback range into 100 fine price bins, calculating total volume per bin to create a precise vertical liquidity histogram. Liquidity Levels: Bins with high relative volume automatically plot as horizontal lines — thicker and brighter lines signal stronger liquidity concentrations. Dynamic Coloring: Profile bins and liquidity levels adjust their colors live based on whether current price is trading above (support) or below (resistance). Volume Bubbles: Each candle displays a bubble at its HLC3 price — - The bubble’s size shows relative candle volume. - Its color gradient indicates bullish or bearish volume: greenish for bullish candles, orange for bearish. Bubble Labels: The largest bubbles automatically label the actual volume amount, revealing big hidden flows. Range Box High/Low: Marks the absolute swing high and low inside the lookback window, clearly framing the active liquidity zone. 🔵 FEATURES Smart, auto-scaled volume profile up to 200 candles (or custom). Liquidity levels with dynamic thickness and color based on real-time volume. Bubbles sized and colored to show both volume magnitude and bullish/bearish bias. Largest bubbles labeled for fast detection of high-impact bars. High and low price labels clearly show the analyzed range. Toggle Volume Profile, Liquidity Levels, and Bubbles independently. 🔵 HOW TO USE Watch for thick, bright liquidity levels — these zones mark where large orders or stop clusters are likely hidden. Use dynamic coloring: if price is above a level, it’s support; if below, it’s resistance. Pay special attention to big bubbles: these mark sudden spikes in traded volume and can signal absorption, traps, breakouts or significant price levels. Combine with your existing confluence tools to confirm breakouts or fakeouts around visible liquidity clusters. 🔵 CONCLUSION The Liquidity Spectrum Visualizer transforms hidden order flow into an intuitive, color-coded map. You see at a glance where price is absorbing, consolidating, or ready to break — all powered by real-time volume behavior and smart visuals. It’s a must-have tool for traders who want to read liquidity and react ahead of the crowd.
Pine Script® indicator
by BigBeluga
15
Pivot Channel LevelsPivot Channel Levels Indicator Description “Pivot Channel Levels” is an advanced technical analysis tool that identifies key price pivots (highs and lows) and creates dynamic support and resistance levels based on the wicks of candles at these points (or bodies if wicks are minimal). The indicator analyzes the volume at the time of a pivot’s formation, displaying its value and percentage change relative to the volume’s simple moving average (SMA). It does not generate buy/sell signals but provides a clear visualization of market structure, helping traders identify potential price reaction zones and assess the strength of market movements. Why Are Wicks Important? Candle wicks at price pivots indicate significant market reactions in key areas. Depending on the context, they may signal rejection, testing, or absorption of a support or resistance level. Long wicks often appear where large players are active, and the marked zones are frequently retested. The indicator allows for quick identification and observation of their impact on future price action. Why Use It? - Precise Support and Resistance Levels: The indicator draws price channels based on candle wicks at pivots (or bodies if wicks are absent), enabling better identification of zones where price may react. - Volume Analysis: It shows how the volume at a pivot differs from the average, indicating potential activity by large players or key market moments. - Visual Clarity: Colored lines, channel fills, and clear labels facilitate quick chart analysis, even on short timeframes. - Flexibility: Adjustable pivot length, volume average, and label colors allow customization to various trading strategies. How It Works - Pivot Detection: Automatically identifies local highs and lows based on the “Pivot Length” parameter (default: 20 candles). This means a pivot appears on the chart with a 20-candle delay. Reducing this value allows faster pivot detection (after fewer candles), increasing their number but potentially generating more noise. - Channel Creation: Draws support and resistance levels based on the wicks of candles at pivot points (or bodies if wicks are minimal) with a delay to confirm zones. A pivot channel is drawn until the next pivot is identified, but if not previously broken, it remains valid as active support or resistance. - Volume Analysis: Displays the volume at the pivot’s formation and its percentage change relative to the volume’s SMA. - Visualization: Pivot and channel levels are shown as lines with fills, and labels display volume and its deviation from the average. Trading Applications - Swing Trading: Use pivot levels and channels to identify price reversal points or consolidation zones. - Scalping: Monitor price reactions to channels on short timeframes, especially with high volume. - Faster Pivot Identification: Switch to a lower timeframe (e.g., from H1 to M15) to identify pivots more quickly, allowing earlier reactions to price changes. - Market Context Analysis: High volume at pivots may indicate significant levels likely to be retested. - Combining with Other Tools: The indicator pairs well with Fibonacci retracement, supply/demand zones, or oscillators like RSI. Settings and Customization - Pivot Length: Determines how many candles back and forward are analyzed to detect pivots (default: 20). A smaller value increases sensitivity, a larger one enhances stability. - Volume Average: Length of the SMA for volume (default: 20). Adjust to better reflect market characteristics. - Label Colors: Choose colors for bullish and bearish pivot labels to match your chart style. Usage Examples - Identifying Key Zones: If the price approaches a pivot level with high volume (e.g., +50% relative to SMA), it may signal strong support or resistance. - Breakout Confirmation: A channel breakout with high volume can indicate trend continuation. - Price Reaction Analysis: Long wicks at pivots with high volume may signal level rejection by large players. Notes for Users - The indicator performs best on highly liquid markets (e.g., Forex, indices, cryptocurrencies). - On short timeframes (e.g., M1, M5), it may generate more noise—adjust “Pivot Length” to suit your needs. - Consider combining with other indicators to confirm signals derived from pivot and volume analysis.
Pine Script® indicator
by Uncle_the_shooter
6
BTST Top Gainer ScannerBTST Stock identifier- BETA scanner configuration based on the validated BTST checklist. This scans for stocks likely to gain 5-10% intraday tomorrow when bought at today's close: Execution Tips: Run scanner at 3:20 PM IST daily Filter stocks with: FII/DII net buying (check moneycontrol) Pre-market futures premium > 0.4% No pending corporate actions Position sizing formula: Qty = (1% Account Risk) / (1.5 * ta.atr(14)) Cross-verify with FII/DII activity (moneycontrol.com) - stocks with FII net buys have 23% higher success rate.
Pine Script® indicator
by Saishayu_Option_Scalpers
VSA-Stopping VolumeVSA Stopping Volume Indicator Stopping Volume occurs when candles show decreasing body sizes (narrow spreads) while volume steadily increases. Example chart: As you see: 3 consecutive candles in same direction (all green OR all red) Body sizes (spreads) decreasing progressively: Candle 1 > Candle 2 > Candle 3 Volume increasing progressively: Volume 1 < Volume 2 < Volume 3 This pattern indicates price absorption - increased buying/selling pressure but declining price movement, often signaling exhaustion and potential reversal. Indicator Features This indicator detects Stopping Volume candlestick clusters with two signal types: 🔹 BUY/SELL Signals: Generated when pattern occurs at support/resistance zones 🔹 Directional Alerts (▲-green, ▼-red): Generated when pattern occurs outside key levels Trading Guidelines: ⚠️ Auto-drawn S/R zones are reference only - manual level plotting recommended for accuracy 📊 Best for scalping: M5, M10, M15 timeframes 🛡️ Stop Loss: Place beyond the S/R zone you're trading 🎯 Take Profit: Based on your risk management Key Concept: Volume expansion + price contraction = potential reversal, especially at SnR levels. Perfect for scalpers looking to catch reversals at critical zones!
Pine Script® indicator
by dangtunglam14
Sniper Mini VWAPThis script plots dynamic, session-based VWAPs for key intraday timeframes: 1H (green), 4H (orange), 8H (purple), and Daily (red). Each VWAP resets at the start of its own session, giving traders a real-time view of price relative to average volume-weighted value. These lines often act as intraday support, resistance, or liquidity magnets — great for scalping, fade setups, and sniper-style entries. You can toggle each VWAP on or off for a cleaner chart. This version does not use anchored VWAPs — it’s designed for traders who need fast feedback as price develops within active sessions.
Pine Script® indicator
by RickyTSpanish
Anchored VWAPs: YTD, MTD, WTD, 2D, DailyTitle Anchored VWAPs: YTD, MTD, WTD, 2D, Daily Short Description Multi-timeframe anchored VWAP indicator displaying Year-to-Date, Month-to-Date, Week-to-Date, 2-Day, and Daily VWAPs that only plot from their respective anchor points. Full Description Overview This indicator provides five different anchored Volume Weighted Average Price (VWAP) calculations for multiple timeframes, designed to behave exactly like TradingView's native Anchored VWAP drawing tool. Each VWAP only plots from its respective anchor point forward, with no historical plotting on previous periods. Features Year-to-Date (YTD) AVWAP: Anchored from January 1st of the current year Month-to-Date (MTD) AVWAP: Anchored from the 1st day of the current month Week-to-Date (WTD) AVWAP: Anchored from the first day of the current week 2-Day AVWAP: Covers the last 2 business days (excludes weekends) Daily AVWAP: Anchored from the start of the current trading day Key Benefits ✅ True Anchoring: Each VWAP only appears from its anchor point - no historical plotting ✅ Current Period Focus: Shows only active/current periods, not historical ones ✅ Business Day Logic: 2-Day AVWAP intelligently handles weekends ✅ Customizable: Toggle each VWAP on/off and customize colors ✅ Visual Anchors: Optional markers show where each period begins Settings Display Controls: Individual toggles for each AVWAP Color Customization: Separate color settings for each line Line Width: Adjustable line thickness (1-5) Anchor Markers: Small triangles mark the start of each period Use Cases Intraday Trading: Use Daily and 2-Day AVWAPs for short-term support/resistance Swing Trading: MTD and WTD for medium-term trend analysis Position Trading: YTD for long-term trend assessment Multi-Timeframe Analysis: Compare price action across different time horizons How It Works The indicator uses timenow to determine the current date and only calculates VWAPs for the active periods. Each VWAP resets at its respective anchor point and accumulates volume-weighted price data from that point forward. Technical Notes Uses HLC3 (typical price) for VWAP calculations Business day logic for 2-Day AVWAP (Monday-Friday only) Automatic period detection without manual date input Optimized for real-time trading with current period focus Best Practices Use on liquid instruments with significant volume for accurate VWAP calculations Combine with other technical analysis tools for confirmation Monitor how price interacts with different timeframe VWAPs for trading opportunities Tags: VWAP, Anchored VWAP, Volume Analysis, Multi-Timeframe, Support Resistance, Intraday Trading Category: Volume This indicator is perfect for traders who want clean, professional anchored VWAPs without the clutter of historical periods, providing clear insight into current market structure across multiple timeframes.
Pine Script® indicator
by kumarhanu
1
Momentum Commitment Delta (MCD)Momentum Commitment Delta (M C D) ⸻ What it is M C D fuses five micro-structure clues into one 0-to-1 score that says, “how hard are traders actually leaning on this move?” 1. Body-Delta Momentum – average net candle body direction. 2. Volume Commitment – up-volume ÷ down-volume over the same window. 3. Wick Compression – shrinking upper/lower wicks = clean conviction. 4. Candle Sequencing – rewards orderly, staircase-style body growth. 5. Pin Ratio – where the close pins inside each candle’s range. The five factors are multiplied, then auto-normalized so extremes always land near 0 / 1 on any symbol or timeframe. I recommend tweaking the settings to fit your edge, the pre-loaded settings may not be suitable for most traders. The MCD works on all timeframes as well :) ⸻ How to read basic signals • Fresh cross above 0.70 → often the birth of a real breakout. • Cluster of > 0.70 bars → “commitment lock,” pull-backs usually shallow. • Price makes new high while M C D doesn’t → beware... • Cross back below 0.30 after a run → momentum is out of fuel. ⸻ Because M C D is multiplicative, it’s hard to hit the extremes—so when the bars light lime green, the print is usually telling the truth. I personally use the MCD to identify the peak of a high-conviction range, NOT a breakout. If a bar prints over 0.70 (green) and then a range forms off of the bar which exceeded 0.70, the breakout has a high chance to be explosive, regardless of what MCD reads at the breakout inflection point. Play around with it, im sure there are plenty of other patterns. Disclaimer: The Momentum Commitment Delta (MCD) indicator is provided strictly for educational and informational purposes. It does not constitute financial or investment advice, nor is it a recommendation to buy or sell any security. Trading involves substantial risk, and you should always perform your own due diligence and consult a qualified financial professional before making any trading decisions. Past performance is not indicative of future results.
Pine Script® indicator
by MrSwingtrades
Up/Down Volume Delta %this script is based on FractalTrade_'s rendition of the up/down volume bars. the shortcomings of that chart were that large volume bars caused the auto-scaling to shrink smaller volume bar displays to the point where much of the data was too small to see. in this chart, the bars are displaying the percent delta out of the total bar volume. this way, large overall volume bars do not cause visual compression to everything else in the chart. I've used color modulation to indicate relation to a relative volume point, so users can still tell when overall volume is large or small. when volume is under a moving average, the bars will display at a basis transparency. when the volume is over the average, the brightness will increase up to a specific ratio of volume defined by the user. for example, if basis transparency is at 20, and the full opacity ratio is at 3, and the volume average is at 1M, a volume of 750k will display the delta bar at the basis transparency. a volume of 3M will achieve full brightness. a volume of 2M will display with moderate brightness (about 60%), but still stand out against other bars with basis transparency. areas of the chart that are either increasing bar sizes or increasing in brightness can indicate directional force. when volume delta direction contradicts the candle direction, this can indicate support / resistance.
Pine Script® indicator
by Shaeroden
Session VWAPsThis indicator plots volume-weighted average price (VWAP) lines for three major trading sessions: Tokyo, London, and New York. Each VWAP resets at the start of its session and tracks the average price weighted by volume during that window. You can choose the exact session times, turn individual sessions on or off, and optionally extend each VWAP line until the end of the trading day. It’s designed to give you a clear view of how price is behaving relative to session-specific value areas. This can help in identifying session overlaps, shifts in price control, or whether price is holding above or below a particular session’s average. The indicator supports futures-style day rollovers and works across markets.
Pine Script® indicator
by peakintent
DRAGONFLY 2.0 Study🐉 DRAGONFLY 2.0 — Study Guide DRAGONFLY 2.0 is a precision-built trading system designed for adaptive trend-based entries, dynamic scaling, and calculated exits. It introduces a unique multi-ladder logic and a reactive take-profit engine, ideal for intraday or swing trading. 🧭 Strategy Concept Proprietary trigger engine that detects trend shifts using directional logic Ladder entry system that adds size during structured pullbacks Take profit targets are assigned to each ladder with dynamic average entry updates A fallback global take profit is used when no ladders are active Stop loss is managed at a structural level This system is built for traders who prefer rules over emotions ⚙️ Input Sections 🪜 Ladder Entry Settings Set percentage distance between ladder steps Define the first entry size Assign additional size for each ladder step Allows flexible scaling into positions with controlled risk 🎯 Take Profit Settings Set global take profit for longs and shorts before any ladders are filled Define individual take profit levels for each ladder Only one take profit is active at a time depending on ladder status 🛡️ Stop Loss Settings Set percentage stop loss below or above average entry for long and short trades Designed to exit when market structure is broken Optional and fully customizable 📐 Trend Engine Settings Adjust upper and lower trend filters to control signal sensitivity Change signal length to smooth the trend detection Choose source input for trend logic like close or hl2 Fine-tune to reduce false signals or increase confirmation strength 🔁 Strategy Flow 📍 Entry and Ladder Progression Trade begins when the trend breakout is confirmed Initial base position is entered As price moves deeper, ladder entries are triggered Each ladder entry recalculates the average price Old take profit is disabled and new one is assigned This creates a fluid and responsive position builder 💰 Take Profit Logic A global take profit is used if no ladders are filled When ladder one is triggered, global take profit is disabled New take profit is tied to the updated average price Each ladder step updates the take profit accordingly Visual markers and alerts are shown when targets are hit 🛑 Stop Loss Logic Stop loss is calculated relative to the average entry Only triggered if structural breakdown occurs Can be turned off or adjusted based on risk preference 📊 Visual Chart Aids 🟢 Green circles show active ladder take profits for long trades 🟠 Orange circles show active ladder take profits for short trades 🔵 Blue circles show global take profit level 🔺 Trend bands act as entry zone and direction filters 💡 Strategy Tips Use wider ladder spacing in volatile markets like BTC or ETH Smaller take profits are better for scalping Increase trend filter range if you’re getting too many false signals Enable or disable long and short entries based on market conditions 📢 ALERT SYSTEM — DMT Autobot Dragonfly Edition This strategy works seamlessly with TradingView alerts and automation systems Every entry, ladder, take profit, and stop can trigger real-time alerts for bots or webhooks 🔔 Types of Alerts lentry and SEntry trigger long and short entries ADD1 to ADD4 are sent as ladder steps are activated TP alerts are triggered when targets are reached close_all signals full exit from the position 🧠 How It Works Alerts are generated based on logic inside the strategy You can create alerts in TradingView and connect them to bots or external platforms ⚙️ Recommended Alert Settings Entry alerts should be set to once per bar close Ladder adds should be set to once per bar Take profits should be set to once per bar for better timing Stop loss or exit alerts should be once per bar close Once per bar is more responsive and helps avoid missing take profit hits 📈 Entry and Exit Logic Each ladder or take profit follows strict logic Alerts are only sent when exact trade conditions are met Helps automate clean and reliable execution 🔄 Ladder System and Alerts Every ladder step has a dedicated alert Take profit is recalculated each time a ladder fills The system supports full automation with dynamic trade logic Bots can follow each step as price evolves ⚠️ Leveraged Trading Considerations If using leverage, check that your ladder spacing and size is appropriate Make sure your account can handle full position build Strategy can recover positions using precision, but leverage increases risk 🧭 Final Note DRAGONFLY 2.0 supports full automation and is compatible with most trading bots For access, contact me directly on TradingView chat Stay focused and trade smart with DRAGONFLY 2.0
Pine Script® indicator
by AppTradingRobots
OI Analysis (Smoothed + Pivots + OI Divergence)Description OI Pivot & Divergence Explorer is a multi-tool indicator for TradingView that blends Open Interest (OI) analysis with price action pivots and OI–price divergences. It helps you: Visualize OI Trends: A thick, semi-transparent “glow” line shows smoothed OI changes, with a crisp center line for exact values. Shade Momentum Scenarios: Background highlights flip between four market states—High Conviction, Squeeze, Bear Pressure, Liquidation—based on the confluence of price direction and OI spikes. Detect Pivot Levels: Internally computes classic pivots on the OI series to mark potential turning points. Spot OI-Price Divergences: Draws both regular and hidden bullish/bearish divergences between price pivots and corresponding OI pivots, connecting them with colored lines and labeling high-probability reversal setups. Custom Alerts: Triggers alert conditions for each divergence type, so you can get notified of potentially actionable setups in real time. Logic & Features Inputs Pivot Lookback (default 5): Number of bars on each side to qualify a pivot in both price and OI. OI Change Smoothing (default 3) & OI Average Length (default 20): Control smoothing of raw OI delta and define the average band for threshold comparisons. OI Change Threshold (%) (default 0.2%): Minimum relative OI change required to flag a “big” move. Show OI Divergences (toggle on/off): Enable or disable drawing divergence lines and labels. Scenario Shading Computes raw OI delta → smoothed OI delta → compares against average OI. Combines with price direction (up/down) to classify four states: ↑Price + ↑OI → High Conviction (green) ↑Price + ↓OI → Squeeze (orange) ↓Price + ↑OI → Bear Pressure (red) ↓Price + ↓OI → Liquidation (blue) Shades the chart background only when the state flips. Pivot Markers Finds pivots on the OI series using the same lookback as price pivots. (Pivot labels are removed from the visible pane; pivots now serve divergence logic.) OI-Price Divergences Regular Bullish: Price makes a lower low while OI makes a higher low. Hidden Bullish: Price makes a higher low while OI makes a lower low. Regular Bearish: Price makes a higher high while OI makes a lower high. Hidden Bearish: Price makes a lower high while OI makes a higher high. Connects each pivot pair with a thin line: Regular uses dark navy Hidden uses a lighter blue Labels each divergence (“Bull Div,” “H Bull Div,” etc.) above or below the OI line for clarity. How to Use Add to Chart: Open Pine Editor → paste the script → Save → “Add to Chart.” Configure Inputs: Adjust Pivot Lookback to match your timeframe: shorter (3–5) for intraday, longer (8–12) for daily/weekly. Tweak OI Change Threshold to filter out noise or capture more subtle OI shifts. Interpretation: Background Color: Quick read on whether OI is reinforcing or diverging from price. Divergence Lines: Look for regular divergences as early reversal signals; hidden divergences often indicate trend continuation or strong pullback entry points. Alerts: Set up custom alerts on “Regular Bullish OI Divergence,” etc., to get popup/messages/notifications. Best Practices: Combine with your favorite price-based indicators (e.g. RSI, VWAP) for confluence. Validate divergence signals against higher-timeframe pivots to avoid false breakouts. Use in trending markets for continuation trades (hidden divergences) and in range markets for reversal setups (regular divergences).
Pine Script® indicator
by DiamondHandsL