Candle Ribbon [UkutaLabs]The Candle Ribbon is a powerful trading tool that creates a strong ribbon that indicates market strength. This ribbon is created using three moving averages that use the candle values (high, low, open and close) as its input values.
The center most MA will also be colored green, red or grey depending on whether or not its direction aligns with current market strength.
The outer band lines act as range indicators, plotted above and below the center ribbon, which represent volatility boundaries for price action.
█ USAGE
The Candle Ribbon is created using a series of three moving averages that uses values from the candle as its inputs. The user has the ability to select whether the moving averages are EMAs or SMAs, as well as the ability to control the period of the moving averages.
If the moving average calculated using the Candle Open is below the moving average calculated using the Candle Close, the ribbon will be colored green, indicating a bullish trend. If the moving average calculated using the Candle Open is above the moving average calculated using the Candle Open, the ribbon will be colored red, indicating a bearish trend.
This indicator also uses a series of hidden EMAs to determine market strength. If these EMAs do not align with the direction of the Candle Ribbon, the middle MA will instead be colored grey, indicating uncertainty in the market, as well as a possible reversal.
█ SETTINGS
Configuration
• Moving Average Type: Determines whether or not the Candle Moving Averages will be drawn as EMAs or SMAs.
• Moving Average Period: Determines the period of the Candle Moving Averages.
Moving Average
• Moving Average Input: Determines the input values for the hidden EMAs.
頻帶和通道
Oculus Ultra Parallel S/R Channel**Oculus Ultra Parallel S/R Channel**
*Version 1.0 | Pine Script v6*
**Overview**
This indicator overlays a statistically-driven support/resistance channel on your chart by fitting a linear regression (median) line and plotting parallel bands at a configurable multiple of standard deviation. It adapts dynamically to both trend and volatility, highlights potential reaction zones, and offers optional alerts when price touches key levels.
**Key Features**
* **Median Regression Line**
Fits a best-fit line through the chosen lookback of price data, showing the underlying trend.
* **Volatility-Based Bands**
Upper and lower bands offset by *N*× standard deviation of regression residuals, capturing dynamic S/R zones.
* **Dynamic Coloring**
* Median line turns **teal** when sloping up, **orange** when sloping down.
* Bands tinted green or red depending on their position relative to the median.
* **Channel Fill**
Optional shaded area between the bands for immediate visual context.
* **Touch Alerts**
Precision alerts and on-chart markers when price touches the support or resistance band, with configurable tick tolerance.
* **Clean Layout**
Minimal lines and plots to avoid chart clutter, adjustable via toggle inputs.
**How to Use**
1. **Apply the Script** – Add to any timeframe in overlay mode.
2. **Configure Inputs** –
* **Channel Length**: Number of bars for regression and volatility calculation.
* **Deviation Factor**: Multiplier for band width (in standard deviations).
* **Show/Hide Elements**: Toggle median line, bands, fill, and touch alerts.
* **Color by Slope**: Enable slope-based median coloring.
* **Touch Tolerance**: Number of ticks within which a band touch is registered.
3. **Interpret the Channel** –
* **Trend**: Follow the slope and color of the median line.
* **Support/Resistance**: Bands represent dynamic zones where price often reacts.
* **Alerts**: Use touch markers or alert pop-ups to time entries or exits at band levels.
**Inputs**
* **Channel Length** (default: 100)
* **Deviation Factor** (default: 1.0)
* **Show Median Regression Line** (true/false)
* **Show Channel Bands** (true/false)
* **Fill Between Bands** (true/false)
* **Color Median by Slope** (true/false)
* **Alert on Band Touch** (true/false)
* **Touch Tolerance (ticks)** (default: 2)
**Version History**
* **1.0** – Initial release with dynamic regression channel, slope coloring, band fill, and touch alerts.
**Disclaimer**
This indicator is intended for educational purposes. Always backtest with your own settings and apply sound risk management before trading live.
Easy Move & Squeeze Alerts1. Overview
The Easy Move & Squeeze Alerts indicator combines two proven techniques to help you anticipate major price swings and spot volatility compressions (long/short squeezes) early on. It offers:
Automated Alerts via TradingView’s alert engine
On-chart Visual Cues for immediate context
Flexible Inputs to fine-tune sensitivity, lookback length, and display options
2. TTM Squeeze (Volatility Compression)
Core Concept: Compares Bollinger Bands (standard deviation channels) with Keltner Channels (ATR-based channels).
Squeeze On: BBs lie completely inside Keltner Channels → volatility is compressed, signaling a potential buildup.
Squeeze Off: BBs break outside Keltner Channels → typically the start of a strong directional move.
Alert: When the squeeze releases, the indicator fires an alert:
💥 Squeeze Release – Volatility incoming!
Chart Label: A small, purple “🔒 Squeeze” label appears above the high of each bar while compression persists, giving you a real-time visual flag.
3. ATR Breakouts (Detecting Large Moves)
Core Concept: Builds a dynamic price channel around an EMA using ATR (Average True Range) multiplied by your chosen factor.
Cross Events:
Price crosses above the upper ATR band → potential bullish breakout.
Price crosses below the lower ATR band → potential bearish breakdown.
Alert Conditions: Separate alert triggers for “🚀 Move Up” and “📉 Move Down” fire the moment the close breaches the ATR-based bounds.
4. Visualization & Usage
Channel Plots:
Bollinger Bands in blue
Keltner Channels in orange
ATR Channels in aqua (optional)
Toggle all channel plots on or off with the showZones input.
Background Highlight: During a squeeze, the chart background lightly tints purple for quick visual confirmation.
Alerts Setup:
Simply click Create Alert in TradingView, select this indicator, and choose the event(s) you want (squeeze release, ATR breakouts).
You can route notifications via email, webhook, SMS, or platform pop-ups.
5. Deployment & Customization
Timeframes: Effective across all timeframes; most popular for day- and swing-trading.
Parameter Tuning:
Increase the len value to smooth channels and focus on only the most significant compressions/moves.
Adjust the ATR or BB multipliers to make alerts more or less sensitive.
With this indicator, you gain a clear, actionable framework for spotting both volatility squeezes and breakouts before they unfold—empowering you to enter trades ahead of the crowd. Enjoy customizing and putting it to work!
CHoCH + BOS Detector (con líneas)este indicador sirve para simplificar las entrada scalper en el oro
Price Imbalance Flow Tracker (PIFT)Price Imbalance Flow Tracker (PIFT)
PIFT is a visual volatility and structure indicator that maps market imbalance zones using dynamic envelope logic. It plots three sets of envelope bands derived from different moving averages — short, medium, and long — with volatility-based offsets scaled by ATR. These envelopes adapt in real time to reflect momentum expansion, compression, and directional pressure.
- The system highlights only the dominant envelope layer at any given moment (short cancels medium/long, medium cancels long) to reduce clutter and help you focus on the most reactive structure.
- There’s also a central yellow zone representing the core trend channel — a tighter band derived from the short MA, helping you track price containment and breakout zones.
- The green and red fills show where price is expanding beyond core levels, acting as pressure zones. These fills compress during consolidations and widen during impulse moves, giving you a clean read on momentum shifts.
You can toggle:
- Full grid view (all envelopes)
- Core channel only
- Price tracks (moving averages)
- Dynamic pressure zones
Use PIFT to:
- Identify clean trend continuation inside the yellow zone
- Spot momentum exhaustion when price rides the outer bands
- Filter false moves when fills contract but price keeps drifting
- See structure shifts before standard indicators like Bollinger Bands react
This isn’t just another moving average overlay. It’s a dynamic envelope hierarchy built for traders who want to read price flow — not just lagging trend direction.
See the following images for a more in-depth breakdown.
1.)
2.)
3.)
4.)
5.)
6.)
7.)
8.)
9.)
10.)
11.)
12.)
13.)
14.)
FVGs, Env, BB & Knoxville: A Unified Analysis SuiteFVGs, Env, BB & Knoxville: A Unified Analysis Suite
I'm excited to share the Unified Market Analysis Suite, a powerful and comprehensive indicator designed to provide a multi-layered perspective on market dynamics.
Instead of cluttering your chart with separate tools, this script synergizes four key analytical concepts—Fair Value Gaps (FVGs), Volatility Bands (BB & Envelopes), and Momentum Divergence (Knoxville)—into one seamless package. The core philosophy is to help you identify, confirm, and act on high-probability setups by using each component to validate the others. This layered approach provides a more robust signal than any single indicator could alone.
How the Components Work Together: A Strategic Approach
This script is built for a step-by-step analysis, turning abstract data into actionable insights:
Step 1: Spot Potential Reversals with Knoxville Divergence. The process begins when a bullish or bearish Knoxville Divergence signal appears on your chart. This acts as an early warning, alerting you to a potential shift in momentum that is not yet reflected in the price trend.
Step 2: Identify Inefficiency with Fair Value Gaps (FVGs). Following a divergence signal, you then look for a Fair Value Gap to form in the direction of that divergence. For example, after a bullish divergence, a newly formed bullish FVG can serve as a high-probability zone for potential entries.
Step 3: Gauge Volatility with Bollinger Bands. The Bollinger Bands provide critical context. Is the FVG forming during a low-volatility squeeze, suggesting an explosive move might be imminent? Or is it occurring in a high-volatility environment where more caution is needed? An FVG that forms near or outside the bands can signal a particularly potent setup.
Step 4: Confirm with the Macro Trend using Envelopes. Finally, the long-term Envelope channel helps you see the bigger picture. This confirms whether your FVG/divergence setup is aligned with the dominant market trend (a continuation) or against it (a potential reversal), allowing you to manage your trade with greater confidence.
Key Features & Full Customization
Every component is highly customizable to fit your unique trading style.
1. Fair Value Gaps (FVGs) & Consequent Engulfment (CE)
Automatic Detection: Clearly identifies and plots bullish (UP) and bearish (DOWN) FVGs.
Dynamic Visuals: Boxes and CE lines extend until mitigated, with distinct colors for bullish and bearish gaps. You have the option to automatically hide filled boxes for a cleaner chart.
Mitigation Options: Choose whether FVG mitigation is calculated based on wicks or candle bodies.
Clear Labeling: A new feature adds an "FVG" text label inside each box, with adjustable size, color, and positioning.
Advanced Alerts: Receive alerts for FVG formation (confirmed and un-confirmed), price crossing an FVG's threshold (CE or full fill), and IOFED (price entry into an FVG).
2. Knoxville Divergence
Integrated Momentum Analysis: Uses a combination of RSI and Momentum to detect high-quality divergence signals.
Precision Control: Adjust RSI/Momentum lengths, the lookback period for finding divergences, and RSI overbought/oversold levels.
Intuitive Visuals & Alerts: Divergence lines are drawn directly on your chart with customizable colors, styles, and thickness. Alerts trigger the moment a new bearish or bullish divergence is confirmed.
3. Bollinger Bands (BB)
Classic Volatility Analysis: Monitor market volatility and identify potential price extremes.
Multiple MA Types: Choose from SMA, EMA, SMMA (RMA), WMA, or VWMA for the basis of the bands.
Full Customization: Adjust the length, source, and standard deviation multiplier.
4. Envelopes
Trend & Deviation Channel: Quickly assess price deviation from a central moving average.
Flexible Calculation: Can be calculated using either an SMA or EMA as the basis.
Clear Visuals: The channel is filled for easy and immediate interpretation of the broader trend.
Getting Started
This script is an overlay that plots directly on your price chart. After adding it, click the "Settings" cogwheel. You will find clearly organized sections for each of the four components, allowing you to enable, disable, and fine-tune every parameter to create the perfect analytical view for your strategy.
Acknowledgments and Development Process
This indicator is a comprehensive suite, and I want to be transparent about its development. The foundational logic for detecting three-bar Fair Value Gaps was inspired by the excellent open-source script by @twingall.
However, this module was not simply a copy; it was fundamentally re-architected and enhanced to serve as one component within this larger, original system. Here are the specific, significant improvements:
Architectural Refactoring: The original v5 code was entirely rewritten into a modular fvgManager function in Pine Script® v6, allowing it to integrate seamlessly with the other indicators.
New Feature (Dynamic Labels): I designed and implemented a system to add, manage, and customize text labels inside each FVG box—a feature not present in the original.
Original Components: The other three indicators in this suite—Envelopes, Bollinger Bands, and the Knoxville Divergence detector—are my own original code from the ground up.
Synergistic Integration: The primary development effort was focused on integrating these four distinct analytical tools. The FVG code was specifically modified to support advanced conditional visibility, ensuring it could be toggled on and off without conflicting with the other modules.
My goal was to build on a known concept and place it within a broader, synergistic framework. I truly believe the combination of these tools can enhance your analysis. If you find this script valuable, please consider giving it a boost to show your support.
I wish you all the best on your trading journey!
Breakout TrendTiltFolio Breakout Trend indicator
The Breakout Trend indicator is designed to help traders clearly visualize trend direction by combining two complementary techniques: moving averages and Donchian-style breakout logic.
Rather than relying on just one type of signal, this indicator merges short-term and long-term moving averages with breakout levels based on recent highs and lows. The moving averages define the broader trend regime, while the breakout logic pinpoints moments when price confirms directional momentum. This layered approach filters out many false signals while still capturing high-conviction moves.
Yes, these are lagging indicators by design — and that’s the point. Instead of predicting every wiggle, the Breakout Trend waits for confirmation, offering higher signal quality and fewer whipsaws. When the price breaks above a recent high and sits above the long-term moving average, the trend is more likely to persist. That’s when this indicator shines.
While it performs best on higher timeframes (daily/weekly), it's also adaptable to shorter timeframes for intraday traders who value clean, systematic trend signals.
For early signal detection, we recommend pairing this with TiltFolio’s Buying/Selling Proxy, which anticipates pressure buildups—albeit with more noise.
It's easy to read and built for real-world trading discipline.
MACD Support and Resistance [ChartPrime]⯁ OVERVIEW
MACD Support and Resistance is a dynamic support/resistance mapping tool powered by MACD crossover logic. Each time the MACD line crosses the signal line, the indicator scans for recent price extremes and locks them in as potential support or resistance zones. These levels are automatically cleaned up if price breaks them, keeping the chart focused on active market structure. The system includes a built-in MACD display with visual markers, along with contextual highs and lows to help define the current environment.
⯁ MACD-BASED SUPPORT/RESISTANCE GENERATION
The core logic uses the MACD oscillator crossover as a trigger event to generate structural levels:
When MACD crosses above its signal line:
→ The script scans the last 5 bars for the lowest low .
→ A support level is plotted at that price.
When MACD crosses below its signal line:
→ The script scans the last 5 bars for the highest high .
→ A resistance level is plotted at that price.
These dynamic levels reflect where price recently reversed or paused, making them prime zones for reaction, continuation, or invalidation.
⯁ LEVEL MANAGEMENT AND VALIDATION
To keep the chart clean and relevant:
A maximum of 20 active levels are allowed at once.
Older levels are automatically removed if the list exceeds the limit.
If price closes below a support level or above a resistance level , the corresponding line is deleted.
This ensures that only currently respected levels remain on the chart — a major advantage for active traders.
⯁ MACD VISUALIZATION + SIGNAL MARKERS
A full MACD system is rendered on the lower panel for visual confirmation:
The MACD line and Signal line are both plotted and color-coded dynamically.
A filled area] highlights the spread between them to emphasize momentum strength.
A diamond marker is drawn each time MACD crosses its signal line, alerting traders to potential trend shifts.
These visuals make it easy to understand the timing of the support/resistance updates.
⯁ LOCAL EXTREME REFERENCE LINES
To help contextualize current price position relative to recent market extremes:
A Local High line is plotted based on the highest MACD value over the past 100 bars].
A Local Low line is plotted based on the lowest MACD value over the past 100 bars].
These levels are rendered lightly and serve as dynamic range boundaries.
They assist traders in identifying overextended or compressed MACD behavior.
⯁ USAGE
Use the generated S/R levels as breakout or reversal zones.
Watch for MACD diamond markers to confirm the timing of new levels.
Combine these reactive zones with other ChartPrime confluence tools for higher-confidence entries.
Use the Local High/Low zones as a volatility envelope to guide risk and trend continuation potential.
⯁ CONCLUSION
MACD Support and Resistance takes a classic momentum indicator and adds real-time structural awareness. By linking MACD crossover events to recent price extremes, it identifies the zones where market sentiment shifted — and continues to monitor their strength. Whether you're a breakout trader or looking to fade key reaction points, this tool delivers clean, actionable levels based on momentum and structure — not guesswork.
Trend Impulse Channels (Zeiierman)█ Overview
Trend Impulse Channels (Zeiierman) is a precision-engineered trend-following system that visualizes discrete trend progression using volatility-scaled step logic. It replaces traditional slope-based tracking with clearly defined “trend steps,” capturing directional momentum only when price action decisively confirms a shift through an ATR-based trigger.
This tool is ideal for traders who prefer structured, stair-step progression over fluid curves, and value the clarity of momentum-based bands that reveal breakout conviction, pullback retests, and consolidation zones. The channel width adapts automatically to market volatility, while the step logic filters out noise and false flips.
⚪ The Structural Assumption
This indicator is built on a core market structure observation:
After each strong trend impulse, the market typically enters a “cooling-off” phase as profit-taking occurs and counter-trend participants enter. This often results in a shallow pullback or stall, creating a slight negative slope in an uptrend (or a positive slope in a downtrend).
These “cooling-off” phases don’t reverse the trend — they signal temporary pressure before the next leg continues. By tracking trend steps discretely and filtering for this behavior, Trend Impulse Channels helps traders align with the rhythm of impulse → pause → impulse.
█ How It Works
⚪ Step-Based Trend Engine
At the heart of this tool is a dynamic step engine that progresses only when price crosses a predefined ATR-scaled trigger level:
Trigger Threshold (× ATR) – Defines how far price must break beyond the current trend state to register a new trend step.
Step Size (Volatility-Guided) – Each trend continuation moves the trend line in discrete units, scaling with ATR and trend persistence.
Trend Direction State – Maintains a +1/-1 internal bias to support directional filters and step tracking.
⚪ Volatility-Adaptive Channel
Each step is wrapped inside a dynamic envelope scaled to current volatility:
Upper and Lower Bands – Derived from ATR and band multipliers to expand/contract as volatility changes.
⚪ Retest Signal System
Optional signal markers show when price re-tests the upper or lower band:
Upper Retest → Pullback into resistance during a bearish trend.
Lower Retest → Pullback into support during a bullish trend.
⚪ Trend Step Signals
Circular markers can be shown to mark each time the trend steps forward, making it easy to identify structurally significant moments of continuation within a larger trend.
█ How to Use
⚪ Trend Alignment
Use the Trend Line and Step Markers to visually confirm the direction of momentum. If multiple trend steps occur in sequence without reversal, this typically signals strong conviction and trend persistence.
⚪ Retest-Based Entries
Wait for pullbacks into the channel and monitor for triangle retest signals. When used in confluence with trend direction, these offer high-quality continuation setups.
⚪ Breakouts
Look for breakouts beyond the upper or lower band after a longer period of pause. For higher likelihood of success, look for breakouts in the direction of the trend.
█ Settings
Trigger Threshold (× ATR) - Defines how far price must move to register a new trend step. Controls sensitivity to trend flips.
Max Step Size (× ATR) - Caps how far each trend step can extend. Prevents runaway step expansion in high volatility.
Band Multiplier (× ATR) - Expands the upper and lower channels. Controls how much breathing room the bands allow.
Trend Hold (bars) - Minimum number of bars the trend must remain active before allowing a flip. Helps reduce noise.
Filter by Trend - Restrict retest signals to those aligned with the current trend direction.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Weekly Standard Deviations (NQ1!/VXN / ES1!/VIX)Weekly Standard Deviations (NQ1!/VXN or ES1!/VIX) – Settlement-Based with Robust Volatility Calculation
This indicator displays weekly standard deviation bands for US index futures (NQ1!, ES1!, MNQ1!, MES1!) using a professional approach:
Weekly Settlement as Basis:
The center line ("Mid") is based on the official weekly settlement price of the selected future (using settlement feeds, not just the last traded price). This ensures high accuracy for institutional and systematic trading.
Volatility by VIX/VXN, Friday 5-Minute Close (CET):
The volatility input (σ) is dynamically derived from the VIX or VXN. Specifically, the indicator uses the last available 5-minute close on Friday after 22:00 CET (Central European Time) each week. If there is no data at exactly 22:10 or 22:05 (e.g. shortened sessions or holidays), it falls back to the latest available 5-minute close of that Friday, ensuring reliable calculation in all market conditions.
Standard Deviation Bands:
The ±1σ, ±2σ, and ±3σ bands are calculated from the weekly settlement price and the robust volatility value. These bands are widely used by professionals for mean reversion, volatility trading, and risk management.
Dynamic Holiday Logic:
Includes dynamic holiday calculation for major US market holidays (can be expanded for other regions). This helps to keep calculations consistent even in holiday weeks.
Labels & Visuals:
Each standard deviation level and the center are labeled for easy orientation. All lines are automatically updated at the start of each new week.
Recommended for:
Advanced traders, systematic/quant traders, and anyone who wants an institutional-grade approach to weekly volatility structure in US index futures.
How to Use:
Add to a chart of NQ1!, MNQ1!, ES1!, or MES1! (futures continuous contracts).
Choose your preferred symbol pair (NQ1!/VXN or ES1!/VIX) in the indicator settings.
All calculations and band updates are fully automatic.
This script is for educational and informational purposes only and should not be considered financial advice or a recommendation to buy or sell any security or derivative. Trading futures and derivatives involves substantial risk and is not suitable for every investor. The author of this script accepts no liability for any loss or damage arising from the use of this tool. Always do your own research and consult with a professional financial advisor before making investment decisions.
ATR RopeATR Rope is inspired by DonovanWall's "Range Filter". It implements a similar concept of filtering out smaller market movements and adjusting only for larger moves. In addition, this indicator goes one step deeper by producing actionable zones to determine market state. (Trend vs. Consolidation)
> Background
When reading up on the Range Filter indicator, it reminded me exactly of a Rope stabilization drawing tool in a program I use frequently. Rope stabilization essentially attaches a fixed length "rope" to your cursor and an anchor point (Brush). As you move your cursor, you are pulling the brush behind it. The cursor (of course) will not pull the brush until the rope is fully extended, this behavior filters out jittery movements and is used to produce smoother drawing curves.
If compared visually side-by-side, you will notice that this indicator bears striking resemblance to its inspiration.
> Goal
Other than simply distinguishing price movements between meaningful and noise, this indicator strives to create a rigid structure to frame market movements and lack-there-of, such as when to anticipate trend, and when to suspect consolidation.
Since the indicator works based on an ATR range, the resulting ATR Channel does well to get reactions from price at its extremes. Naturally, when consolidating, price will remain within the channel, neither pushing the channel significantly up or down. Likewise, when trending, price will continue to push the channel in a single direction.
With the goal of keeping it quick and simple, this indicator does not do any smoothing of data feeds, and is simply based on the deviation of price from the central rope. Adjusting the rope when price extends past the threshold created by +/- ATR from the rope.
> Features & Behaviors
- ATR Rope
ATR Rope is displayed as a 3 color single line.
This can be considered the center line, or the directional line, whichever you'd prefer.
The main point of the Rope display is to indicate direction, however it also is factually the center of the current working range.
- ATR Rope Color
When the rope's value moves up, it changes to green (uptrend), when down, red (downtrend).
When the source crosses the rope, it turns blue (flat).
With these simple rules, we've formed a structure to view market movements.
- Consolidation Zones
Consolidation Zones generate from "Flat" areas, and extend into subsequent trend areas. Consolidation is simply areas where price has crossed the Rope and remains inside the range. Over these periods, the upper and lower values are accumulated and averaged together to form the "Consolidation Zone" values. These zones are draw live, so values are averaged as the flat areas progress and don't repaint, so all values seen historically are as they would appear live.
- ATR Channel
ATR Channel displays the upper and lower bounds of the working range.
When the source moves beyond this range, the rope is adjusted based on the distance from the source to the channel. This range can be extremely useful to view, but by default it is hidden.
> Application
This indicator is not created to provide signals, or serve as a "complete" system.
(People who didn't read this far will still comment for signals. :) )
This is created to be used alongside manual interpretation and intuition. This indicator is not meant to constrain any users into a box, and I would actually encourage an open mind and idea generation, as the application of this indicator can take various forms.
> Examples
As you would probably already know, price movement can be fast impulses, and movement can be slow bleeds. In the screenshot below, we are using movements from and to consolidation zones to classify weak trend and strong trend. As you can see, there are also areas of consolidation which get broken out of and confirmed for the larger moves.
Author's Note: In each of these examples, I have outlined the start and end of each session. These examples come from 1 Min Future charts, and have specifically been framed with day trading in mind.
"Breakout Retest" or "Support/Resistance Flips" or "Structure Retests" are all generally the same thing, with different traders referring to them by different names, all of which can be seen throughout these examples.
In the next example, we have a day which started with an early reversal leading into long, slow, trend. Notice how each area throughout the trend essentially moves slightly higher, then consolidates while holding support of the previous zone. This day had a few sharp movements, however there was a large amount of neutrality throughout this day with continuous higher lows.
In contrast to the previous example, next up, we have a very choppy day. Throughout which we see a significant amount of retests before fast directional movements. We also see a few examples of places where previous zones remained relevant into the future. While the zones only display into the resulting trend area, they do not become immediately meaningless once they stop drawing.
> Abstract
In the screenshot below, I have stacked 2 of these indicators, using the high as the source for one and the low as the source for the other. I've hidden lines of the high and low channels to create a 4 lined channel based on the wicks of price.
This is not necessary to use the indicator, but should help provide an idea of creative ways the simple indicator could be used to produce more complicated analysis.
If you've made it this far, I would hope it's clear to you how this indicator could provide value to your trading.
Thank you to DonovonWall for the inspiration.
Enjoy!
Euclidean Range [InvestorUnknown]The Euclidean Range indicator visualizes price deviation from a moving average using a geometric concept Euclidean distance. It helps traders identify trend strength, volatility shifts, and potential overextensions in price behavior.
Euclidean Distance
Euclidean distance is a fundamental concept in geometry and machine learning. It measures the "straight-line distance" between two points in space. In time series analysis, it can be used to measure how far one sequence deviates from another over a fixed window.
euclidean_distance(src, ref, len) =>
var float sum_sq_diff = na
sum_sq_diff := 0.0
for i = 0 to len - 1
diff = src - ref
sum_sq_diff += diff * diff
math.sqrt(sum_sq_diff)
In this script, we calculate the Euclidean distance between the price (source) and a smoothed average (reference) over a user-defined window. This gives us a single scalar that reflects the overall divergence between price and trend.
How It Works
Moving Average Calculation: You can choose between SMA, EMA, or HMA as your reference line. This becomes the "baseline" against which the actual price is compared.
Distance Band Construction: The Euclidean distance between the price and the reference is calculated over the Window Length. This value is then added to and subtracted from the average to form dynamic upper and lower bands, visually framing the range of deviation.
Distance Ratios and Z-Scores: Two distance ratios are computed: dist_r = distance / price (sensitivity to volatility); dist_v = price / distance (sensitivity to compression or low-volatility states)
Both ratios are normalized using a Z-score to standardize their behavior and allow for easier interpretation across different assets and timeframes.
Z-Score Plots: Z_r (white line) highlights instances of high volatility or strong price deviation; Z_v (red line) highlights low volatility or compressed price ranges.
Background Highlighting (Optional): When Z_v is dominant and increasing, the background is colored using a gradient. This signals a possible build-up in low volatility, which may precede a breakout.
Use Cases
Detect volatile expansions and calm compression zones.
Identify mean reversion setups when price returns to the average.
Anticipate breakout conditions by observing rising Z_v values.
Use dynamic distance bands as adaptive support/resistance zones.
Notes
The indicator is best used with liquid assets and medium-to-long windows.
Background coloring helps visually filter for squeeze setups.
Disclaimer
This indicator is provided for speculative analysis and educational purposes only. It is not financial advice. Always backtest and evaluate in a simulated environment before live trading.
Linear Regression Channel Pro# Linear Regression Channel Pro - Script Description
## English Description
### What it does
The **Linear Regression Channel Pro** is a technical analysis indicator that creates a statistical channel around price movements using linear regression mathematics. The script calculates the best-fit line through a specified number of price bars and then adds parallel boundaries based on standard deviation calculations.
### Key Features
- **Main Regression Line**: Shows the statistical trend direction of the price over the selected period
- **Channel Boundaries**: Upper and lower bands that contain most price movements (typically 95% when using 2.0 multiplier)
- **Inner Boundaries**: Additional reference lines for more precise analysis
- **Future Projection**: Extends all lines into the future to show potential price paths
- **Customizable Parameters**: Adjustable period length, deviation multipliers, and projection distance
### How it works
1. **Data Collection**: Gathers price data over the specified regression length (default 400 bars)
2. **Linear Regression**: Calculates the mathematical best-fit line through the price data
3. **Standard Deviation**: Measures how much prices deviate from the regression line
4. **Channel Creation**: Creates parallel lines above and below the regression line
5. **Future Projection**: Extends the channel into the future using the same slope
### Statistical Foundation and Band Settings
**The 68-95-99.7 Rule**
The indicator is based on the statistical principle that in a normal distribution:
- **1 Standard Deviation (σ)**: Contains approximately **68%** of price movements
- **2 Standard Deviations (σ)**: Contains approximately **95%** of price movements
- **3 Standard Deviations (σ)**: Contains approximately **99.7%** of price movements
**Outer Bands (Default 2.0 Multiplier)**
- **Coverage**: Approximately **95%** of price movements
- **Meaning**: Only 5% of price action should exceed these bands
- **Usage**: Identification of extreme overbought/oversold conditions
- **Signal**: Touching outer bands often indicates potential reversal points
**Inner Bands (Default 1.0 Multiplier)**
- **Coverage**: Approximately **68%** of price movements
- **Meaning**: 32% of movements can normally exceed these bands
- **Usage**: Identification of significant but not extreme price moves
- **Signal**: Breaking inner bands suggests meaningful directional movement
### Recommended Settings by Market Type
**Standard Configuration**
```
- Outer Bands: 2.0 (95% coverage)
- Inner Bands: 1.0 (68% coverage)
```
**High Volatility Markets (Crypto, Emerging Markets)**
```
- Outer Bands: 2.5-3.0 (99%+ coverage)
- Inner Bands: 1.5 (85% coverage)
```
**Low Volatility Markets (Major Forex, Blue Chip Stocks)**
```
- Outer Bands: 1.5 (86% coverage)
- Inner Bands: 0.5 (38% coverage)
```
### Trading Applications
**Trend Analysis**
- The slope of the regression line indicates the overall trend direction
- Steep slopes suggest strong trends, flat slopes suggest consolidation
- Price above center line = bullish bias, below = bearish bias
**Support and Resistance Levels**
- **Inner bands**: Act as first level support/resistance (68% probability)
- **Outer bands**: Act as strong support/resistance (95% probability)
- **Dynamic levels**: Bands adjust automatically to market conditions
**Entry and Exit Strategies**
*Using Inner Bands (1.0σ):*
- **Breakout signals**: Price breaking through inner bands with volume confirms direction
- **Pullback entries**: Price returning to inner band after breakout offers entry opportunity
- **Range trading**: Price oscillating between inner bands suggests consolidation
*Using Outer Bands (2.0σ):*
- **Reversal signals**: Price touching outer bands often indicates exhaustion
- **Extreme conditions**: Only 5% of movements reach these levels
- **Profit taking**: Consider closing positions when price reaches outer bands
**Risk Management Applications**
- **Stop Loss Placement**: Use opposite band as stop level (high probability of not being hit randomly)
- **Position Sizing**: Wider channels = higher volatility = smaller position sizes
- **Risk/Reward**: Measure potential moves using band distances
**Future Planning with Projections**
- **Target Setting**: Orange projection lines show potential future support/resistance
- **Trade Duration**: Plan holding periods based on projected channel direction
- **Market Timing**: Anticipate when price might reach significant levels
### Practical Trading Examples
**Bullish Trend Scenario**
1. Price consistently above center line (trend confirmed)
2. Bounces from inner lower band = re-entry opportunity
3. Reaching outer upper band = consider profit taking
4. Break above outer upper band = potential trend acceleration
**Range-Bound Market**
1. Price oscillates between inner bands = range trading mode
2. Sell near inner upper band, buy near inner lower band
3. Breakout from outer bands = range breakout signal
**Bearish Trend Scenario**
1. Price consistently below center line (downtrend confirmed)
2. Bounces from inner upper band = short entry opportunity
3. Reaching outer lower band = potential oversold bounce
4. Break below outer lower band = trend continuation likely
### Best Practices and Tips
- **Timeframe Selection**: Use higher timeframes (4H, Daily) for more reliable statistical significance
- **Confirmation**: Combine with volume analysis and other indicators
- **Market Adaptation**: Adjust multipliers based on asset volatility characteristics
- **Regression Length**: Shorter periods (100-200) for reactive signals, longer (400-800) for stable trends
- **False Breakouts**: Wait for close beyond bands rather than just touching
- **Volume Confirmation**: Higher volume on band breakouts increases signal reliability
---
## Descrizione Italiana
### Cosa fa
Il **Linear Regression Channel Pro** è un indicatore di analisi tecnica che crea un canale statistico intorno ai movimenti di prezzo utilizzando la matematica della regressione lineare. Lo script calcola la linea di miglior adattamento attraverso un numero specificato di barre di prezzo e aggiunge quindi confini paralleli basati sui calcoli della deviazione standard.
### Caratteristiche Principali
- **Linea di Regressione Principale**: Mostra la direzione statistica del trend del prezzo nel periodo selezionato
- **Confini del Canale**: Bande superiori e inferiori che contengono la maggior parte dei movimenti di prezzo (tipicamente il 95% usando il moltiplicatore 2.0)
- **Confini Interni**: Linee di riferimento aggiuntive per un'analisi più precisa
- **Proiezione Futura**: Estende tutte le linee nel futuro per mostrare potenziali percorsi di prezzo
- **Parametri Personalizzabili**: Lunghezza del periodo, moltiplicatori di deviazione e distanza di proiezione regolabili
### Come Funziona
1. **Raccolta Dati**: Raccoglie i dati di prezzo per la lunghezza di regressione specificata (default 400 barre)
2. **Regressione Lineare**: Calcola matematicamente la linea di miglior adattamento attraverso i dati di prezzo
3. **Deviazione Standard**: Misura quanto i prezzi si discostano dalla linea di regressione
4. **Creazione del Canale**: Crea linee parallele sopra e sotto la linea di regressione
5. **Proiezione Futura**: Estende il canale nel futuro usando la stessa pendenza
### Fondamenti Statistici e Impostazione delle Bande
**La Regola 68-95-99.7**
L'indicatore si basa sul principio statistico che in una distribuzione normale:
- **1 Deviazione Standard (σ)**: Contiene circa il **68%** dei movimenti di prezzo
- **2 Deviazioni Standard (σ)**: Contiene circa il **95%** dei movimenti di prezzo
- **3 Deviazioni Standard (σ)**: Contiene circa il **99.7%** dei movimenti di prezzo
**Bande Esterne (Moltiplicatore Default 2.0)**
- **Copertura**: Circa il **95%** dei movimenti di prezzo
- **Significato**: Solo il 5% dell'azione di prezzo dovrebbe superare queste bande
- **Utilizzo**: Identificazione di condizioni estreme di ipercomprato/ipervenduto
- **Segnale**: Il tocco delle bande esterne spesso indica potenziali punti di inversione
**Bande Interne (Moltiplicatore Default 1.0)**
- **Copertura**: Circa il **68%** dei movimenti di prezzo
- **Significato**: Il 32% dei movimenti può normalmente superare queste bande
- **Utilizzo**: Identificazione di movimenti di prezzo significativi ma non estremi
- **Segnale**: La rottura delle bande interne suggerisce un movimento direzionale significativo
### Impostazioni Raccomandate per Tipo di Mercato
**Configurazione Standard**
```
- Bande Esterne: 2.0 (copertura 95%)
- Bande Interne: 1.0 (copertura 68%)
```
**Mercati ad Alta Volatilità (Crypto, Mercati Emergenti)**
```
- Bande Esterne: 2.5-3.0 (copertura 99%+)
- Bande Interne: 1.5 (copertura 85%)
```
**Mercati a Bassa Volatilità (Forex Maggiori, Azioni Blue Chip)**
```
- Bande Esterne: 1.5 (copertura 86%)
- Bande Interne: 0.5 (copertura 38%)
```
### Applicazioni nel Trading
**Analisi del Trend**
- La pendenza della linea di regressione indica la direzione generale del trend
- Pendenze ripide suggeriscono trend forti, pendenze piatte suggeriscono consolidamento
- Prezzo sopra la linea centrale = bias rialzista, sotto = bias ribassista
**Livelli di Supporto e Resistenza**
- **Bande interne**: Agiscono come supporto/resistenza di primo livello (probabilità 68%)
- **Bande esterne**: Agiscono come supporto/resistenza forte (probabilità 95%)
- **Livelli dinamici**: Le bande si adattano automaticamente alle condizioni di mercato
**Strategie di Entrata e Uscita**
*Usando le Bande Interne (1.0σ):*
- **Segnali di breakout**: Il prezzo che rompe le bande interne con volume conferma la direzione
- **Entrate su pullback**: Il prezzo che ritorna alla banda interna dopo un breakout offre opportunità di entrata
- **Range trading**: Il prezzo che oscilla tra bande interne suggerisce consolidamento
*Usando le Bande Esterne (2.0σ):*
- **Segnali di inversione**: Il prezzo che tocca le bande esterne spesso indica esaurimento
- **Condizioni estreme**: Solo il 5% dei movimenti raggiunge questi livelli
- **Presa di profitto**: Considera di chiudere posizioni quando il prezzo raggiunge le bande esterne
**Applicazioni di Gestione del Rischio**
- **Posizionamento Stop Loss**: Usa la banda opposta come livello di stop (alta probabilità di non essere colpito casualmente)
- **Dimensionamento Posizioni**: Canali più larghi = volatilità maggiore = posizioni più piccole
- **Rischio/Rendimento**: Misura i movimenti potenziali usando le distanze delle bande
**Pianificazione Futura con Proiezioni**
- **Impostazione Target**: Le linee di proiezione arancioni mostrano potenziali supporti/resistenze futuri
- **Durata del Trade**: Pianifica i periodi di detenzione basandoti sulla direzione del canale proiettato
- **Timing di Mercato**: Anticipa quando il prezzo potrebbe raggiungere livelli significativi
### Esempi Pratici di Trading
**Scenario Trend Rialzista**
1. Prezzo costantemente sopra la linea centrale (trend confermato)
2. Rimbalzi dalla banda interna inferiore = opportunità di re-entrata
3. Raggiungimento banda esterna superiore = considera presa di profitto
4. Rottura sopra banda esterna superiore = potenziale accelerazione del trend
**Mercato in Range**
1. Prezzo oscilla tra bande interne = modalità range trading
2. Vendi vicino alla banda interna superiore, compra vicino a quella inferiore
3. Breakout dalle bande esterne = segnale di rottura del range
**Scenario Trend Ribassista**
1. Prezzo costantemente sotto la linea centrale (downtrend confermato)
2. Rimbalzi dalla banda interna superiore = opportunità di short
3. Raggiungimento banda esterna inferiore = potenziale rimbalzo da ipervenduto
4. Rottura sotto banda esterna inferiore = probabile continuazione del trend
### Migliori Pratiche e Consigli
- **Selezione Timeframe**: Usa timeframe più alti (4H, Giornaliero) per maggiore significatività statistica
- **Conferma**: Combina con analisi del volume e altri indicatori
- **Adattamento al Mercato**: Regola i moltiplicatori in base alle caratteristiche di volatilità dell'asset
- **Lunghezza Regressione**: Periodi più corti (100-200) per segnali reattivi, più lunghi (400-800) per trend stabili
- **Falsi Breakout**: Aspetta la chiusura oltre le bande piuttosto che solo il tocco
- **Conferma del Volume**: Volume più alto sui breakout delle bande aumenta l'affidabilità del segnale
Fallback VWAP (No Volume? No Problem!) – Yogi365Fallback VWAP (No Volume? No Problem!) – Yogi365
This script plots Daily, Weekly, and Monthly VWAPs with ±1 Standard Deviation bands. When volume data is missing or zero (common in indices or illiquid assets), it automatically falls back to a TWAP-style calculation, ensuring that your VWAP levels always remain visible and accurate.
Features:
Daily, Weekly, and Monthly VWAPs with ±1 Std Dev bands.
Auto-detection of missing volume and seamless fallback.
Clean, color-coded trend table showing price vs VWAP/bands.
Uses hlc3 for VWAP source.
Labels indicate when fallback is used.
Best Used On:
Any asset or index where volume is unavailable.
Intraday and swing trading.
Works on all timeframes but optimized for overlay use.
How it Works:
If volume == 0, the script uses a constant fallback volume (1), turning the VWAP into a TWAP (Time-Weighted Average Price) — still useful for intraday or index-based analysis.
This ensures consistent plotting on instruments like indices (e.g., NIFTY, SENSEX,DJI etc.) which might not provide volume on TradingView.
Oculus Session LevelsOculus Session Levels
The Oculus Session Levels indicator is designed to help traders track key price levels during important market sessions: Pre-Market, Futures, and the New York Open. By marking these levels on your chart, it provides clear reference points for potential price action and breakout opportunities as the market progresses through its various phases.
Key Features:
Pre-Market High & Low: The indicator calculates and displays the highest and lowest prices during the pre-market session (from 4:00 AM to 9:30 AM EST). These levels are important for gauging potential support or resistance when the market opens.
Futures First Hour High & Low: It tracks the first hour of futures trading (from 6:00 PM to 7:00 PM EST), marking the high and low levels that can serve as important reference points for the following trading day.
New York Open High & Low: The indicator also tracks the high and low during the first hour of the New York market open (from 9:30 AM to 10:30 AM EST), providing critical levels that traders use to identify trends or reversals in the early stages of the trading day.
How to Use:
Pre-Market High & Low:
These levels are calculated before the regular market opens. Price movements near these levels after the market opens may indicate potential breakout or reversal zones.
Futures High & Low:
These levels track the overnight futures session. The price range within this session can provide insight into how the market might behave during regular trading hours.
NY Open High & Low:
The first hour of the New York session is critical for establishing market direction. Prices near these levels can signify the start of a strong trend or possible pullback.
Visual Representation:
Pre-Market High & Low: Plotted in blue.
Futures High & Low: Plotted in orange.
NY Open High & Low: Plotted in green.
These levels are updated daily, providing fresh insights based on the latest market data. The Oculus Session Levels indicator gives traders a simple but powerful tool for understanding market context and planning their trades more effectively.
Oculus Quantum RangeOculus Quantum Range
The Oculus Quantum Range is a sophisticated indicator designed to track dynamic support and resistance levels, based on market volatility and price action. It uses the Average True Range (ATR) to define a dynamic range, giving traders powerful breakout and breakdown targets for more informed decision-making.
Key Features:
Dynamic Support & Resistance Levels: The indicator calculates key dynamic levels using the highest high and lowest low over a user-defined period (default: 20 bars). These levels adjust according to market volatility, helping to reflect current market conditions.
Breakout & Breakdown Targets: The system calculates breakout and breakdown targets based on the ATR, adding flexibility to the classic support and resistance levels. The targets are plotted above and below the dynamic range.
Volume Confirmation: The breakout and breakdown targets are confirmed when there is a spike in volume, enhancing the reliability of these trade signals.
Pivot Levels: The middle level (pivot) is plotted as the average of the highest high and the lowest low over the range period, offering an additional reference point for traders.
How to Use:
Breakout Entry:
When the price crosses above the Dynamic Top Line (Resistance), a breakout is considered. The breakout target is calculated and plotted above the resistance level.
A confirmed breakout is when the price crosses the resistance with volume higher than the 20-period volume average.
Breakdown Entry:
When the price crosses below the Dynamic Bottom Line (Support), a breakdown is considered. The breakdown target is calculated and plotted below the support level.
A confirmed breakdown is when the price crosses the support with volume higher than the 20-period volume average.
Pivot Zone:
The middle level (pivot) acts as a reference zone, showing potential areas where price action may pause or reverse before continuing toward breakout or breakdown targets.
Alert Conditions:
Breakout Alert: Triggered when the price crosses above the dynamic top line (resistance).
Breakdown Alert: Triggered when the price crosses below the dynamic bottom line (support).
Visualization:
The Dynamic Top Line (Resistance) is plotted in red.
The Middle Level (Pivot) is plotted in blue.
The Dynamic Bottom Line (Support) is plotted in green.
Breakout Targets are plotted in purple above the resistance, and Breakdown Targets are plotted in orange below the support.
Confirmed Breakout/Breakdown are marked with green and red lines respectively, and the background will change to green or red for a visual cue.
This indicator is perfect for traders looking to make timely decisions based on price action, volatility, and volume. It’s ideal for identifying potential breakout and breakdown opportunities with clear, dynamic targets.
Forex Session Levels + Dashboard (AEST)This is a script showing all the key levels you will ever need for the breakout and retest strategy.
Follow my IG:
@liviupircalabu10
Hot Zones Indicator [ChartPrime]Hot Zones (Basic) is a precision-engineered confluence detection system that identifies statistically significant price reaction zones by mapping retracement levels enriched with structural, volumetric, and momentum-based overlays. In contrast to static Fibonacci tools, this system dynamically synchronizes a custom volume-weighted average price inspired overlay and localized oscillator signals to produce probabilistically favorable “hot zones” that respond to real-time market structure.
These zones are visually enhanced when multiple dimensions of market confluence align—such as volume-weighted price agreement, structural symmetry, and volatility-based momentum extremes—allowing for immediate prioritization of high-probability reaction areas.
Core Concept
The system autonomously detects impulse-correction phases within the price series using directional breakout logic and multi-bar structural analysis. Once a valid trend leg is established, standard retracement levels are plotted along the vector. These levels are continuously evaluated against live price interaction, volume alignment, and momentum state.
Swing Initialization Logic
Automated Structural Anchoring: Swing points are detected using fractal pivot analysis and breakout validation. The tool anchors retracement vectors to recent directional legs with the highest structural integrity.
Volume-Weighted Price Confluence
Two VWAP-derived overlays are applied:
Anchored Volume Level: Derived from the origin of the leg, reflecting the volume-weighted cost basis of major participants over the structural phase.
Internal VWAP: Triggered on intermediate pullbacks, mapping localized institutional activity through recursive anchoring logic.
When either curve aligns with a retracement level under live market conditions, the level is flagged as a high-confluence reaction zone.
Momentum & Volatility Filtering
A proprietary oscillator—optimized for mean deviation and multi-resolution smoothing—is integrated to quantify local volatility states and directional momentum.
The oscillator feeds into two distinct signal regimes:
Directional Crossovers: When a significant momentum shift occurs within a mapped levels, the zone is annotated accordingly with a directional labeling "⬆" or "⬇".
Momentum Extremes: OB/OS thresholds are used to detect compression or exhaustion states, enhancing zone validity under directional stress.
These signals are visually merged into the zone rendering, enabling contextual clarity at a glance.
Customization & Advanced Features
Individual fib levels can be toggled or styled per user preference.
Aesthetic properties (color, line width) are fully configurable.
An optional “Hacker Zone” region—highlighting retracement areas statistically associated with institutional accumulation also known as Golden Pocket — is available for advanced users.
Conclusion
Hot Zones by ChartPrime represents a multi-dimensional confluence engine, transforming traditional retracement mapping into a reactive, data-driven framework. By integrating structure, volume flow, and momentum analytics into a unified interface, it enhances discretionary and systematic trading decisions alike. Whether trading trend continuations, reversals, or liquidity anomalies, Hot Zones enables actionable clarity at structurally significant levels.
Golden Key: Opening Channel DashboardGolden Key: Opening Channel Dashboard
Complementary to the original Golden Key – The Frequency
Upgrade of 10 Monday's 1H Avg Range + 30-Day Daily Range
This indicator provides a structured dashboard to monitor the opening channel range and related metrics on 15m and 5m charts. Built to work alongside the Golden Key methodology, it focuses on pip precision, average volatility, and SL sizing.
What It Does
Detects first 4 candles of the session:
15m chart → first 4 Monday candles (1 hour)
5m chart → first 4 candles of each day (20 minutes)
Calculates pip range of the opening move
Stores and averages the last 10 such ranges
Calculates daily range average over 10 or 30 days
Generates SL size based on your multiplier setting
Auto-adjusts for FX, JPY, and XAUUSD pip sizes
Displays all values in a clean table in the top-right
How to Use It
Add to a 15m or 5m chart
Compare the current opening range to the average
Use the daily average to assess broader volatility
Define SL size using the opening range x multiplier
Customize display colors per table row
About This Script
This is not a visual box-style indicator. It is designed to complement the original “Golden Key – The Frequency” by focusing on metric output. It is also an upgraded version of the earlier "10 Monday’s 1H Avg Range" script, now supporting multi-timeframe logic and additional customization.
Disclaimer
This is a technical analysis tool. It does not provide trading advice. Use it in combination with your own research and strategy.
Session RangeThis Indicator Shows you the high, low and the midpoint for a chosen session and displays them on the chart.
You can make the following inputs:
Timezone: Choose your time zone (in UTC) to display the session correctly
Session Time: Choose the start time and end time of the session you want to have displayed.
Show Session Midpoint: Choose between displaying or not displaying the midpoint of the sessions high and low.
Extend Session Values until next Session: Choose this option if you want to display the sessions range until the next session starts. The midpoint will only be displayed if you chose "yes" at "Show Session Midpoint?"
Maximum number of bars between sessions: This is needed to ensure the correct display of the extended lines. Also this will affect the running speed of the script.
Limitations:
A higher number between bars slows down the script. What does that mean practically? If you choose to not have the sessions values displayed until the next session you can set this to 1 and the script will run as fast as it can. If you choose to display all the values until the next session you have to make sure that the number you put in is higher than the number of bars between the sessions. Otherwise the lines will be displayed backwards. As this affects the calculation speed you want to keep the number as low as possible. The default setting is 300 which is fine for 5 minute charts. On a 1 minute chart you will have to use something around 5000 depending on how long your session is.
Also the script will only run correctly if the start time of your session can be divided by the timeframe you are using. Example: you can use a 1min, 3min, 5min, or 15min chart on all sessions as they can only start every 15 minutes and 15 can be divided by all these numbers. A 2 minute timeframe will only work on sessions that start at minute 00 or 30, as 15 and 45 can not be divided by 2.
Customization and Alerts:
You can change the color of the sessions high, low, midpoint and background filling. The line style can also be changed but this might lead to a faulty display of the session.
The style of the extension lines can not be altered.
Alerts can be added for crossing the sessions high or low (after the session is finished). You do not have to display the extension lines in order to set an alert.
credit: The inspiration (especially for the look of this indicator) comes from the Asian Range by Nico948 indicator.
EMA Pullback System 1:5 RRR [SL]EMA Trend Pullback System (1:5 RRR)
Summary:
This indicator is designed to identify high-probability pullback opportunities along the main trend, providing trade signals that target a high 1:5 Risk/Reward Ratio. It is a trend-following strategy built for patient traders who wait for optimal setups.
Strategy Logic:
The system is based on three Exponential Moving Averages (EMAs): 21, 50, and 200.
BUY Signal:
Trend (Uptrend): The price must be above the 200 EMA.
Pullback: The price must pull back into the "Dynamic Support Zone" between the 21 EMA and 50 EMA.
Confirmation: A strong Bullish Confirmation Candle (e.g., Bullish Engulfing) must form within this zone.
SELL Signal:
Trend (Downtrend): The price must be below the 200 EMA.
Pullback: The price must rally back into the "Dynamic Resistance Zone" between the 21 EMA and 50 EMA.
Confirmation: A strong Bearish Confirmation Candle (e.g., Bearish Engulfing) must form within this zone.
Key Features:
Clearly plots the 21, 50, and 200 EMAs on the chart.
Displays BUY and SELL labels when the rules are met.
Automatically calculates and plots Stop Loss (SL) and Take Profit (TP) levels for each signal.
The Risk/Reward Ratio for the Take Profit level is customizable in the settings (Default: 1:5).
How to Use:
Best suited for higher timeframes like H1 and H4.
It is crucial to wait for the signal candle to close before considering an entry.
While this is an automated tool, for best results, combine its signals with your own analysis of Price Action and Market Structure.
Disclaimer:
This is an educational tool and not financial advice. Trading involves substantial risk. Always use proper risk management. It is essential to backtest any strategy before deploying it with real capital.
Levels Of Interest------------------------------------------------------------------------------------
LEVELS OF INTEREST (LOI)
TRADING INDICATOR GUIDE
------------------------------------------------------------------------------------
Table of Contents:
1. Indicator Overview & Core Functionality
2. VWAP Foundation & Historical Context
3. Multi-Timeframe VWAP Analysis
4. Moving Average Integration System
5. Trend Direction Signal Detection
6. Visual Design & Display Features
7. Custom Level Integration
8. Repaint Protection Technology
9. Practical Trading Applications
10. Setup & Configuration Recommendations
------------------------------------------------------------------------------------
1. INDICATOR OVERVIEW & CORE FUNCTIONALITY
------------------------------------------------------------------------------------
The LOI indicator combines multiple VWAP calculations with moving averages across different timeframes. It's designed to show where institutional money is flowing and help identify key support and resistance levels that actually matter in today's markets.
Primary Functions:
- Multi-timeframe VWAP analysis (Daily, Weekly, Monthly, Yearly)
- Advanced moving average integration (EMA, SMA, HMA)
- Real-time trend direction detection
- Institutional flow analysis
- Dynamic support/resistance identification
Target Users: Day traders, swing traders, position traders, and institutional analysts seeking comprehensive market structure analysis.
------------------------------------------------------------------------------------
2. VWAP FOUNDATION & HISTORICAL CONTEXT
------------------------------------------------------------------------------------
Historical Development: VWAP started in the 1980s when big institutional traders needed a way to measure if they were getting good fills on their massive orders. Unlike regular price averages, VWAP weighs each price by the volume traded at that level. This makes it incredibly useful because it shows you where most of the real money changed hands.
Mathematical Foundation: The basic math is simple: you take each price, multiply it by the volume at that price, add them all up, then divide by total volume. What you get is the true "average" price that reflects actual trading activity, not just random price movements.
Formula: VWAP = Σ(Price × Volume) / Σ(Volume)
Where typical price = (High + Low + Close) / 3
Institutional Behavior Patterns:
- When price trades above VWAP, institutions often look to sell
- When it's below, they're usually buying
- Creates natural support and resistance that you can actually trade against
- Serves as benchmark for execution quality assessment
------------------------------------------------------------------------------------
3. MULTI-TIMEFRAME VWAP ANALYSIS
------------------------------------------------------------------------------------
Core Innovation: Here's where LOI gets interesting. Instead of just showing daily VWAP like most indicators, it displays four different timeframes simultaneously:
**Daily VWAP Implementation**:
- Resets every morning at market open
- Provides clearest picture of intraday institutional sentiment
- Primary tool for day trading strategies
- Most responsive to immediate market conditions
**Weekly VWAP System**:
- Resets each Monday (or first trading day)
- Smooths out daily noise and volatility
- Perfect for swing trades lasting several days to weeks
- Captures weekly institutional positioning
**Monthly VWAP Analysis**:
- Resets at beginning of each calendar month
- Captures bigger institutional rebalancing at month-end
- Fund managers often operate on monthly mandates
- Significant weight in intermediate-term analysis
**Yearly VWAP Perspective**:
- Resets annually for full-year institutional view
- Shows long-term institutional positioning
- Where pension funds and sovereign wealth funds operate
- Critical for major trend identification
Confluence Zone Theory: The magic happens when multiple VWAP levels cluster together. These confluence zones often become major turning points because different types of institutional money all see value at the same price.
------------------------------------------------------------------------------------
4. MOVING AVERAGE INTEGRATION SYSTEM
------------------------------------------------------------------------------------
Multi-Type Implementation: The indicator includes three types of moving averages, each with its own personality and application:
**Exponential Moving Averages (EMAs)**:
- React quickly to recent price changes
- Displayed as solid lines for easy identification
- Optimal performance in trending market conditions
- Higher sensitivity to current price action
**Simple Moving Averages (SMAs)**:
- Treat all historical data points equally
- Appear as dashed lines in visual display
- Slower response but more reliable in choppy conditions
- Traditional approach favored by institutional traders
**Hull Moving Averages (HMAs)**:
- Newest addition to the system (dotted line display)
- Created by Alan Hull in 2005
- Solves classic moving average dilemma: speed vs. accuracy
- Manages to be both responsive and smooth simultaneously
Technical Innovation: Alan Hull's solution addresses the fundamental problem where moving averages are either too slow (missing moves) or too fast (generating false signals). HMAs achieve optimal balance through weighted calculation methodology.
Period Configuration:
- 5-period: Short-term momentum assessment
- 50-period: Intermediate trend identification
- 200-period: Long-term directional confirmation
------------------------------------------------------------------------------------
5. TREND DIRECTION SIGNAL DETECTION
------------------------------------------------------------------------------------
Real-Time Momentum Analysis: One of LOI's best features is its real-time trend detection system. Next to each moving average, visual symbols provide immediate trend assessment:
Symbol System:
- ▲ Rising average (bullish momentum confirmation)
- ▼ Falling average (bearish momentum indication)
- ► Flat average (consolidation or indecision period)
Update Frequency: These signals update in real-time with each new price tick and function across all configured timeframes. Traders can quickly scan daily and weekly trends to assess alignment or conflicting signals.
Multi-Timeframe Trend Analysis:
- Simultaneous daily and weekly trend comparison
- Immediate identification of trend alignment
- Early warning system for potential reversals
- Momentum confirmation for entry decisions
------------------------------------------------------------------------------------
6. VISUAL DESIGN & DISPLAY FEATURES
------------------------------------------------------------------------------------
Color Psychology Framework: The color scheme isn't random but based on psychological associations and trading conventions:
- **Blue Tones**: Institutional neutrality (VWAP levels)
- **Green Spectrum**: Growth and stability (weekly timeframes)
- **Purple Range**: Longer-term sophistication (monthly analysis)
- **Orange Hues**: Importance and attention (yearly perspective)
- **Red Tones**: User-defined significance (custom levels)
Adaptive Display Technology: The indicator automatically adjusts decimal places based on the instrument you're trading. High-priced stocks show 2 decimals, while penny stocks might show 8. This keeps the display incredibly clean regardless of what you're analyzing - no cluttered charts or overwhelming information overload.
Smart Labeling System: Advanced positioning algorithm automatically spaces all elements to prevent overlap, even during extreme zoom levels or multiple timeframe analysis. Every level stays clearly readable without any visual chaos disrupting your analysis.
------------------------------------------------------------------------------------
7. CUSTOM LEVEL INTEGRATION
------------------------------------------------------------------------------------
User-Defined Level System: Beyond the calculated VWAP and moving average levels, traders can add custom horizontal lines at any price point for personalized analysis.
Strategic Applications:
- **Psychological Levels**: Round numbers, previous significant highs/lows
- **Technical Levels**: Fibonacci retracements, pivot points
- **Fundamental Targets**: Analyst price targets, earnings estimates
- **Risk Management**: Stop-loss and take-profit zones
Integration Features:
- Seamless incorporation with smart labeling system
- Custom color selection for visual organization
- Extension capabilities across all chart timeframes
- Maintains display clarity with existing indicators
------------------------------------------------------------------------------------
8. REPAINT PROTECTION TECHNOLOGY
------------------------------------------------------------------------------------
Critical Trading Feature: This addresses one of the most significant issues in live trading applications. Most multi-timeframe indicators "repaint," meaning they display different signals when viewing historical data versus real-time analysis.
Protection Benefits:
- Ensures every displayed signal could have been traded when it appeared
- Eliminates discrepancies between historical and live analysis
- Provides realistic performance expectations
- Maintains signal integrity across chart refreshes
Configuration Options:
- **Protection Enabled**: Default setting for live trading
- **Protection Disabled**: Available for backtesting analysis
- User-selectable toggle based on analysis requirements
- Applies to all multi-timeframe calculations
Implementation Note: With protection enabled, signals may appear one bar later than without protection, but this ensures all signals represent actionable opportunities that could have been executed in real-time market conditions.
------------------------------------------------------------------------------------
9. PRACTICAL TRADING APPLICATIONS
------------------------------------------------------------------------------------
**Day Trading Strategy**:
Focus on daily VWAP with 5-period moving averages. Look for bounces off VWAP or breaks through it with volume. Short-term momentum signals provide entry and exit timing.
**Swing Trading Approach**:
Weekly VWAP becomes your primary anchor point, with 50-period averages showing intermediate trends. Position sizing based on weekly VWAP distance.
**Position Trading Method**:
Monthly and yearly VWAP provide broad market context, while 200-period averages confirm long-term directional bias. Suitable for multi-week to multi-month holdings.
**Multi-Timeframe Confluence Strategy**:
The highest-probability setups occur when daily, weekly, and monthly VWAPs cluster together, especially when multiple moving averages confirm the same direction. These represent institutional consensus zones.
Risk Management Integration:
- VWAP levels serve as dynamic stop-loss references
- Multiple timeframe confirmation reduces false signals
- Institutional flow analysis improves position sizing decisions
- Trend direction signals optimize entry and exit timing
------------------------------------------------------------------------------------
10. SETUP & CONFIGURATION RECOMMENDATIONS
------------------------------------------------------------------------------------
Initial Configuration: Start with default settings and adjust based on individual trading style and market focus. Short-term traders should emphasize daily and weekly timeframes, while longer-term investors benefit from monthly and yearly level analysis.
Transparency Optimization: The transparency settings allow clear price action visibility while maintaining level reference points. Most traders find 70-80% transparency optimal - it provides a clean, unobstructed view of price movement while maintaining all critical reference levels needed for analysis.
Integration Strategy: Remember that no indicator functions effectively in isolation. LOI provides excellent context for institutional flow and trend direction analysis, but should be combined with complementary analysis tools for optimal results.
Performance Considerations:
- Multiple timeframe calculations may impact chart loading speed
- Adjust displayed timeframes based on trading frequency
- Customize color schemes for different market sessions
- Regular review and adjustment of custom levels
------------------------------------------------------------------------------------
FINAL ANALYSIS
------------------------------------------------------------------------------------
Competitive Advantage: What makes LOI different is its focus on where real money actually trades. By combining volume-weighted calculations with multiple timeframes and trend detection, it cuts through market noise to show you what institutions are really doing.
Key Success Factor: Understanding that different timeframes serve different purposes is essential. Use them together to build a complete picture of market structure, then execute trades accordingly.
The integration of institutional flow analysis with technical trend detection creates a comprehensive trading tool that addresses both short-term tactical decisions and longer-term strategic positioning.
------------------------------------------------------------------------------------
END OF DOCUMENTATION
------------------------------------------------------------------------------------
AWR_8DLRC1. Overview and Objective
The AWR_8DLRC indicator is designed to display multiple dynamic channels directly on your chart (with the overlay enabled). It creates dynamic envelopes based on a regression-like approach combined with a volatility measure derived from the root mean square error (RMSE). These channels can help identify support and resistance areas, overbought/oversold conditions, or even potential trend reversals by providing several layers of analysis using different multipliers and timeframes.
2. Input Parameters
Source and Multiplier
The indicator uses the closing price (close) as its default data source.
A floating-point parameter mult (default value: 3.0) is available. This multiplier is primarily used for channel 5, while other channels employ fixed multipliers (1, 2, or 3) to generate different sensitivity levels.
Channel Lengths
Several channels are calculated with distinct lookback lengths:
Channel 5: Uses a length of 1000 periods (its plot is commented out in the code, so it is not displayed by default).
Channel 6: Uses a length of 2000 periods.
Channel 7: Uses a length of 3000 periods.
Channel 8: Uses a length of 4000 periods.
Custom Colors and Transparencies
Each channel (or group of channels) can be customized with specific colors and transparency settings. For example, channel 6 uses a light yellow tone, channel 7 is red, and channel 8 is white.
Additionally, specific fill colors are defined for the shaded areas between the upper and lower lines of some channels, enhancing visual clarity.
3. Channel Calculation Mechanism
At the heart of the indicator is the function f_calcChannel(), which takes as input:
A data source (_src),
A period (_length), and
A multiplier (_mult).
The calculation process comprises several key steps:
Moving Averages Calculation
The function computes both a weighted moving average (WMA) and a simple moving average (SMA) over the defined length.
Baseline Determination
It then combines these averages into two values (A and B) using linear formulas (e.g., A = 4*b - 3*a and B = 3*a - 2*b). These values help to establish a baseline that represents the central trend during the lookback period.
Slope and Deviation Calculation
A slope (m) is calculated based on the difference between A and B.
The function iterates over the period, measuring the squared deviation between the actual data point and a corresponding value on the regression line. The sum of these squared deviations is used to compute the RMSE.
Defining Upper and Lower Bounds
The RMSE is multiplied by the provided multiplier (_mult) and then added to or subtracted from the baseline B to create the upper and lower channel boundaries.
This method produces an envelope that widens or narrows based on the volatility reflected by the RMSE.
This process is repeated using different multipliers (1, 2, and 3) for channels 6, 7, and 8, providing multiple levels that offer deeper insights into market conditions.
4. Chart Visualization
The indicator plots several lines and shaded regions:
Channels 6, 7, and 8: For each of these channels, three levels are calculated:
Levels with a multiplier of 1 (thin lines with a line width of 1),
Levels with a multiplier of 2 (medium lines with a line width of 2),
Levels with a multiplier of 3 (thick lines with a line width of 4).
To further enhance visual interpretation, shaded areas (fills) are added between the upper and lower lines — notably for the level with multiplier 3.
Channel 5: Although the calculations for channel 5 are included, its plot commands are commented out. This means it won’t display on the chart unless you uncomment the relevant lines by modifying the script.
5. Conditions and Alerts
Beyond the visual channels, the indicator integrates several alert conditions and visual markers:
Graphical Conditions:
The script defines conditions checking whether the price (i.e., the source) is above or below specific channel levels, particularly the levels calculated with multipliers 2 and 3.
“Mixed” conditions are also established to detect when the price is simultaneously above one set of levels and below another, aiming to highlight potential reversal areas.
Automated Alerts:
Alert conditions are programmed to notify you when the price crosses specific channel boundaries:
Alerts for conditions such as “Upper Channels 2” or “Lower Channels 2” indicate when prices exceed or fall below the second level of the channels.
Similarly, alerts for “Upper Channels 3” and “Lower Channels 3” correspond to the more extreme boundaries defined by the multiplier of 3.
Visual Symbols:
The indicator employs the plotchar() function to place symbols (like 🌙, ⚠️, 🪐, and ☢️) directly on the chart. These symbols make it easy to spot when the price meets these crucial levels.
These alert features are especially valuable for traders who rely on real-time notifications to adjust positions or watch for potential trend shifts.
6. How to Use the Indicator
Installation and Setup:
Copy the provided code into your Pine Script editor on your charting platform (e.g., TradingView) and add the indicator to your chart.
Customize the parameters according to your trading strategy:
Channel Lengths: Modify the lookback periods to see how the envelope adapts.
Colors and Transparencies: Adjust these to fit your display preferences.
Multipliers: Experiment with the multipliers to observe how different settings affect the channel widths.
Interpreting the Channels:
The upper and lower bands represent dynamic thresholds that change with market volatility.
A price that nears an upper boundary might indicate an overextended move upward, whereas a break beyond these dynamic boundaries could signal a potential trend reversal.
Utilizing Alerts:
Configure notifications based on the alert conditions so you can be alerted when the price moves beyond the defined channel levels. This can help trigger entry or exit signals, or simply keep you informed of significant price movements.
Multi-Level Analysis:
The strength of this indicator lies in its multi-level approach. With three defined levels for channels 6, 7, and 8, you gain a more nuanced view of market volatility and trend strength.
For instance, a price crossing the level with a multiplier of 2 might indicate the start of a trend change, while a break of the level with multiplier 3 might confirm a strong trend movement.
7. In Summary
The AWR_8DLRC indicator is a comprehensive tool for drawing dynamic channels based on a regression and RMSE-driven volatility measure. It offers:
Multiple channel levels, each with different lookback periods and multipliers.
Shaded regions between channel boundaries for rapid visual interpretation.
Alert conditions to notify you immediately when the price hits critical levels.
Visual markers directly on the chart to highlight key moments of price action.
This indicator is particularly suited for technical traders seeking to dynamically identify support and resistance zones with a responsive alert system. Its customizable settings and rich array of signals provide an excellent framework to refine your trading decisions.
