Entropy [ScorsoneEnterprises]This indicator calculates the entropy of price log returns over a user-defined lookback period, providing insights into market complexity and unpredictability. Entropy measures the randomness or disorder in price movements, helping traders identify periods of high or low market uncertainty.
How It Works
The indicator computes the entropy of log returns (log(close/close )) using a histogram-based approach with customizable bins. Log returns are stored in an array of size N (lookback period), and entropy is calculated by:
Binning the returns into bins intervals based on their range.
Computing the probability distribution across bins.
Calculating entropy as -Σ(p * log(p)), where p is the probability of each bin.
A reference Simple Moving Average (SMA) of the entropy, with a separate lookback period (SMA_N), is plotted to highlight trends in market complexity. The entropy plot uses a gradient color scheme (red for lower entropy, teal for higher), while the SMA color shifts based on whether entropy is above (teal) or below (red) the SMA.
Key Features
Inputs:
Lookback Period (default: 50): Number of bars for calculating log returns.
Reference SMA Lookback Period (default: 100): Period for the entropy SMA.
Number of Bins (default: 20): Number of histogram bins for entropy calculation.
Plots:
Entropy: Gradient-colored line reflecting market randomness.
Reference SMA: Trend line to compare entropy against its average.
Interpretation
High Entropy: Indicates chaotic, unpredictable price movements, often during volatile or trendless markets.
Low Entropy: Suggests more predictable, ordered price behavior, often in trending or stable markets.
Compare entropy to its SMA to gauge whether current market complexity is above or below its recent average.
Usage
Use this indicator to assess market regimes. High entropy may signal choppy, range-bound conditions, while low entropy could indicate trending opportunities. Combine with price action or other indicators for confirmation.
Examples
We see on this PEPPERSTONE:COCOA chart that when entropy is low it signals a strong trend, either up or down. High entropy signals indecision and choppiness in the market. We can determine this by noticing when the value is above or below its recent average.
Entropy is used in high frequency trading often. It is a nice tool for lower time frames to determine how predictable and strong a trend is.
Inputs
Users can enter the lookback value for entropy, bin count, and the look back for the entropy moving average.
No tool is perfect, the Entropy value is also not perfect and should not be followed blindly. It is good to use any tool along with discretion and price action.
圖表形態
NR4 & NR7 with Breakouts [LuxAlgo]NR4 & NR7 with Breakouts is a simple indicator that utilizes the NR4 and NR7 candle patterns to display candle ranges and signals from range breakouts.
🔶 USAGE
The Narrow Range Patterns are candle formations determined by the last candle having a narrower (high-low) range than the previous number. This indicator showcases the 2 most recognized Narrow Range Patterns, which are the 4 and 7 bar variants (NR4 and NR7).
These patterns, introduced by Toby Crabel, are thought to provide insight for potential market breakouts by identifying periods of low volatility indicated by a candle with a small range. This is due to the idea that markets often move from periods of low volatility (contraction) to high volatility (expansion), and the NR4 and NR7 patterns help spot these transitions.
By utilizing these patterns, traders are better able to anticipate and respond to market shifts for better decision-making and risk management.
NOTE: These patterns have traditionally been studied on the Daily Timeframe Chart. This indicator allows the user to select a timeframe to generate these patterns from. It is suggested to be mindful of this when considering these patterns.
In this indicator, on the bar after the pattern is detected, the Narrow Range Bar will be highlighted with a zone, and lines displaying the range will extend from it. These ranges are helpful for providing levels to set limit orders and for managing risk.
Users are able to adjust which pattern they want visualized on their chart, please note;
All NR7s are NR4s but not all NR4s are NR7s.
Because of this, you will notice that when selecting "NR4" to display, the colors will change, but the detected ranges will not change.
🔹 Signals
When a Narrow Range Bar is detected, the script will wait for the price to close outside of the Range, then a signal will fire indicating the direction of exit. The signals are produced from the last NR4 or NR7 and will have the potential to fire from that range until a new NR4 or NR7 is detected.
After a signal fires, the logic goes into a "reset" period where it will wait for the price to reach the Range Mean before firing another signal.
These signals can be anticipated by considering the underlying logic and watching price approach the range extremities, and can be improved by utilizing other market information for confluence.
🔶 SETTINGS
Timeframe: Choose which timeframe to identify the NR4 and NR7 Pattern on. This must be Higher than the chart timeframe.
Pattern Type: Choose which (or all) patterns to display.
Compression Patterns (w/ Trend + Proximity Filter)🧠 Description:
This indicator identifies high-probability price compression patterns within trending environments — a setup prized by experienced swing and day traders alike. It combines the classic NR4, NR7, 2-Bar NR, 3-Bar NR, and Inside Day formations with a powerful trend filter and proximity logic to deliver clear, focused signals.
🔍 What's Inside:
▪️ Compression Patterns
The core of this tool lies in the logic of price compression. These patterns signal the market taking a breath — volatility contracts, volume dries up, and price coils like a spring.
When this happens in the right context, the next move is often explosive.
NR4 / NR7: Narrowest range in 4 or 7 bars — excellent for spotting the quiet before the storm.
2-Bar NR / 3-Bar NR: These identify the tightest consecutive 2 or 3-day ranges over the past 20 days — contextually rare and powerful.
Inside Day: A simple but highly effective consolidation pattern, especially when it clusters around key moving averages.
▪️ Trend Filter (EMA Stack)
You could say this is where most indicators fall apart — no context.
This one doesn’t make that mistake.
Signals only fire when the 10 EMA > 20 EMA > 50 EMA, and price is above the 20 EMA. That’s a strong, established uptrend — the only environment where breakouts are statistically favourable.
Why?
Because trend following works.
It may not give you fixed daily returns, but it’s the only strategy with theoretically infinite profit potential. You risk little, trade less, and position yourself for rare but massive moves. That’s the edge.
▪️ Proximity Filter (1 ATR to EMA)
We’ve added another layer of discipline. Signals only fire when price is:
Within 1 ATR of the 10 EMA (if price is above it), or
Within 1 ATR of the 20 EMA (if price is below the 10 EMA)
This ensures you’re not chasing. You’re waiting for tight, controlled pullbacks into dynamic support — exactly where institutions add size, not exit.
⚙️ Fully Customisable:
Toggle visibility of each pattern
Custom colours and transparency for label & background
Adjustable ATR length and multiplier
Change label text if needed (useful for translations or tweaks)
🎯 Ideal Use Case:
Swing trading off the daily chart
Day trading with VWAP/MACD filters (in alternate versions)
Supplementing price action strategies
🔚 Final Word:
This isn’t an “everything scanner.”
It’s a discerning sniper scope for traders who wait patiently for clean trends, tight consolidations, and perfect proximity — then strike.
ICT Macro Zone Boxes w/ Individual H/L Tracking v3.1ICT Macro Zones (Grey Box Version
This indicator dynamically highlights key intraday time-based macro sessions using a clean, minimalistic grey box overlay, helping traders align with institutional trading cycles. Inspired by ICT (Inner Circle Trader) concepts, it tracks real-time highs and lows for each session and optionally extends the zone box after the session ends — making it a precision tool for intraday setups, order flow analysis, and macro-level liquidity sweeps.
### 🔍 **What It Does**
- Plots **six predefined macro sessions** used in Smart Money Concepts:
- AM Macro (09:50–10:10)
- London Close (10:50–11:10)
- Lunch Macro (11:30–13:30)
- PM Macro (14:50–15:10)
- London SB (03:00–04:00)
- PM SB (15:00–16:00)
- Each zone:
- **Tracks high and low dynamically** throughout the session.
- **Draws a consistent grey shaded box** to visualize price boundaries.
- **Displays a label** at the first bar of the session (optional).
- **Optionally extends** the box to the right after the session closes.
### 🧠 **How It Works**
- Uses Pine Script arrays to define each session’s time window, label, and color.
- Detects session entry using `time()` within a New York timezone context.
- High/Low values are updated per bar inside the session window.
- Once a session ends, the box is optionally closed and fixed in place.
- All visual zones use a standardized grey tone for clarity and consistency across charts.
### 🛠️ **Settings**
- **Shade Zone High→Low:** Enable/disable the grey macro box.
- **Extend Box After Session:** Keep the zone visible after it ends.
- **Show Entry Label:** Display a label at the start of each session.
### 🎯 **Why This Script is Unique**
Unlike basic session markers or colored backgrounds, this tool:
- Focuses on **macro moments of liquidity and reversal**, not just open/close times.
- Uses **per-session logic** to individually track price behavior inside key time windows.
- Supports **real-time high/low tracking and clean zone drawing**, ideal for Smart Money and ICT-style strategies.
Perfect — based on your list, here's a **bundle-style description** that not only explains the function of each script but also shows how they **work together** in a Smart Money/ICT workflow. This kind of cross-script explanation is exactly what TradingView wants to see to justify closed-source mashups or interdependent tools.
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📚 ICT SMC Toolkit — Script Integration Guide
This set of advanced Smart Money Concept (SMC) tools is designed for traders who follow ICT-based methodologies, combining liquidity theory, time-based precision, and engineered confluences for high-probability trades. Each indicator is optimized to work both independently and synergistically, forming a comprehensive trading framework.
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First FVG Custom Time Range
**Purpose:**
Plots the **first Fair Value Gap (FVG)** that appears within a defined session (e.g., NY Kill Zone, Custom range). Includes optional retest alerts.
**Best Used With:**
- Use with **ICT Macro Zones (Grey Box Version)** to isolate FVGs during high-probability times like AM Macro or PM SB.
- Combine with **Liquidity Levels** to assess whether FVGs form near swing points or liquidity voids.
---
ICT SMC Liquidity Grabs and OB s
**Purpose:**
Detects **liquidity grabs** (stop hunts above/below swing highs/lows) and **bullish/bearish order blocks**. Includes optional Fibonacci OTE levels for sniper entries.
**Best Used With:**
- Use with **ICT Turtle Soup (Reversal)** for confirmation after a liquidity grab.
- Combine with **Macro Zones** to catch order blocks forming inside timed macro windows.
- Match with **Smart Swing Levels** to confirm structure breaks before entry.
ICT SMC Liquidity Levels (Smart Swing Lows)
**Purpose:**
Automatically marks swing highs/lows based on user-defined lookbacks. Tracks whether those levels have been breached or respected.
**Best Used With:**
- Combine with **Turtle Soup** to detect if a swing level was swept, then reversed.
- Use with **Liquidity Grabs** to confirm a grab occurred at a meaningful structural point.
- Align with **Macro Zones** to understand when liquidity events occur within macro session timing.
ICT Turtle Soup (Liquidity Reversal)
**Purpose:**
Implements the classic ICT Turtle Soup model. Looks for swing failure and quick reversals after a liquidity sweep — ideal for catching traps.
Best Used With:
- Confirm with **Liquidity Grabs + OBs** to identify institutional activity at the reversal point.
- Use **Liquidity Levels** to ensure the reversal is happening at valid previous swing highs/lows.
- Amplify probability when pattern appears during **Macro Zones** or near the **First FVG**.
ICT Turtle Soup Ultimate V2
**Purpose:**
An enhanced, multi-layer version of the Turtle Soup setup that includes built-in liquidity checks, OTE levels, structure validation, and customizable visual output.
**Best Used With:**
- Use as an **entry signal generator** when other indicators (e.g., OBs, liquidity grabs) are aligned.
- Pair with **Macro Zones** for high-precision timing.
- Combine with **First FVG** to anticipate price rebalancing before explosive moves.
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## 🧠 Workflow Example:
1. **Start with Macro Zones** to focus only on institutional trading windows.
2. Look for **Liquidity Grabs or Swing Sweeps** around key highs/lows.
3. Check for a **Turtle Soup Reversal** or **Order Block Reaction** near that level.
4. Confirm confluence with a **Fair Value Gap**.
5. Execute using the **OTE level** from the Liquidity Grabs + OB script.
---
Let me know which script you want to publish first — I’ll tailor its **individual TradingView description** and flag its ideal **“Best Used With” partners** to help users see the value in your ecosystem.
London/NY Sessions + SMC Levels📜 Indicator Description: London/NY Sessions + SMC Levels
Overview: This indicator highlights the key trading sessions — London, New York, NY Lunch, and Asian Range — providing structured visual guides based on Smart Money Concepts (SMC) and ICT principles.
It dynamically plots:
Session Backgrounds and Boxes for London, NY, Lunch, and Asian sessions
Reference Levels for the High, Low, and Close from today, previous day, or weekly data
Midnight Open line for ICT-style power of three setups
Real-time alerts for session starts, session closes, and important price level crossings
Features:
🕰️ Session Visualization:
Toggle London, NY, Lunch, and Asian session ranges individually, with customizable colors and transparent backgrounds.
🔔 Built-in Alerts:
Alerts for:
Price crossing the previous day's high/low
Price crossing the Midnight Open
Start and end of major sessions (London, NY, Lunch, Asian)
🟩 Reference Levels:
Plot selectable session reference levels:
Today’s intraday High/Low/Close
Previous Day’s High/Low/Close
This Week’s or Previous Week’s levels for broader context.
🌙 Midnight Open:
Track the Midnight New York Open as a reference point for daily bias shifts.
🎯 Customizable Settings:
Choose your session time zones (UTC, New York, London, etc.)
Customize all border colors, background colors, and session hours.
Use Cases:
Identify killzones and optimal trade entry windows for Smart Money Concepts (SMC) and ICT strategies.
Monitor liquidity pool sweeps and session transitions.
Confirm or refine your intraday or swing trading setups by referencing session highs/lows.
Recommended For:
ICT traders
Smart Money Concepts (SMC) practitioners
Forex, indices, crypto, and futures traders focusing on session-based volatility patterns
Anyone wanting a clean, professional session mapping tool
📈
Designed to help you trade with session precision and Smart Money accuracy.
Integrates seamlessly into any ICT, Wyckoff, or Liquidity-based trading approach.
Golden Setup V1Golden Setup V1 is an overlay indicator that automates Tony Rago’s “Golden Setup” price-level framework. It divides the chart into fixed “blockSize” intervals (default 100 points) and plots a series of key horizontal levels within each block—levels at 00, 12, 26, 33, 50, 62, 77 and 88 offsets. These levels act as dynamic support and resistance grids that roll up or down as price moves between blocks.
Key Features
Customizable Offsets
Define eight offset levels corresponding to Rago’s Golden Setup:
00 (Round Number)
12 (Target 12)
26 (First “Golden” level)
33 (Target 33)
50 (Mid-block pivot)
62 (Target 62)
77 (Second “Golden” level)
88 (Target 88)
Multi-Block Coverage
Choose how many blocks above and below the current 100-point block you wish to display, so you always have levels drawn for the surrounding price range.
Golden-Only Filter
A handy toggle lets you show only the two “Golden” offsets (26 & 77), which many traders prioritize for high-probability bounce or breakout areas.
Dynamic Nearest-Level Label
Highlights the closest Golden Setup level (to the right edge of the chart) with a movable label, so you always know which level price is approaching.
Full Styling Control
Customize line colors, widths, block size, label fonts and opacity to suit your charting style.
How It Works
Block Calculation
On each bar, the indicator computes the “current block” by flooring (close / blockSize) and multiplying back by blockSize.
Level Offsets
It adds each of the eight user-defined offsets to that block base (and, if price has moved below the lowest offset, shifts the block down one interval).
Drawing
Each level is drawn as a horizontal line extending across the chart for as many blocks above/below as you select.
Nearest-Level Detection
Within the present block, it calculates which of the plotted levels is closest to price and displays that value on the right edge.
Usage Tips
Use the Golden-Only filter to declutter and focus solely on the 26 & 77 levels, which often act as strong intra-block pivot points.
Combine with volume or momentum indicators to confirm bounces at these levels.
Adjust blockSize (e.g. 50 or 200) if you wish to work in smaller or larger price increments.
⚠️ Disclaimer: This script is for educational and illustrative purposes only. Trading involves risk—always back-test and validate any strategy on a demo account before going live.
WaveTrend Matrix (1m-1w) – Custom ThresholdsA visual control panel for momentum exhaustion across ten key time-frames.
—
🧬 DNA
This is a fork of LazyBear’s original WaveTrend Oscillator .
The oscillator logic is 100 % intact; I simply stream the values into a compact table so that day- and swing-traders can see the “bigger picture” at a glance.
📈 What does it do?
Calculates WaveTrend on ten granularities: 1m, 3m, 5m, 15m, 30m, 1h, 2h, 4h, 1d, 1w.
Displays the current oscillator print in a color-coded matrix.
• Red = overbought (≥ high threshold)
• Green = oversold (≤ low threshold)
• Gray = neutral / in-range
All thresholds are user-adjustable.
Built on Pine v5, zero repainting, works on any symbol.
🛠 Parameters
Channel Length – WT “n1” (default 10)
Average Length – WT “n2” (default 21)
Red from – overbought cut-off (default +60)
Green under – oversold cut-off (default –60)
🚀 How to use it
1. Apply the indicator to your chart – no extra setup required.
2. Read the matrix top-down before every entry:
• Multiple deep-green rows → market broadly oversold → watch for longs.
• Multiple deep-red rows → market broadly overbought → watch for shorts or stay flat.
3. Combine with your trend filter (EMA-stack, VWAP, structure) to avoid counter-trend trades.
3+ Consecutive Higher or Lower Closes (Full Highlight)This indicator identifies 3 or more sequential bars of higher/lower candle closes and highlights them on the chart.
Candle colour is adjustable.
This is the first edition and has a small issue where it only starts highlighting from the 3rd bar in the sequence.
I'll continue working on this to try to debug
ian_Trado v15 Trend Entry Filter# 📈 ian_Trado v15 Trend Entry Filter (Pine Script v6)
The **ian_Trado v15** is a multi-factor **trend confirmation filter** for NASDAQ (NAS100), Dow Jones (DJ30), Gold (XAU), DAX, and USDJPY.
It combines **EMA structure**, **Donchian channel breakout**, **MACD histogram momentum**, **Volume confirmation**, and a **Range Compression Filter** to avoid entering during choppy or sideways markets.
✅ Designed for **bot deployment** (e.g., grid bots, long/short breakout bots) or **manual trading**.
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## 🔍 How This Filter Works:
1. **EMA Trend Confirmation**
- Long Trend: EMA(1) > EMA(5) > EMA(60)
- Short Trend: EMA(1) < EMA(5) < EMA(60)
2. **Donchian Channel Width Expansion**
- Only allows trades when the **breakout width** exceeds a minimum threshold.
3. **MACD Histogram Slope Filter (Optional)**
- Confirms momentum building in the direction of the trend.
- Strict Mode: MACD histogram must consistently rise or fall over 3 bars.
4. **Volume Filter (Optional)**
- Ensures volume supports the move (filters out weak conditions).
5. **Range Compression Filter (Optional)**
- Avoids entries during sideways chop.
6. **Cooldown Control**
- Limits overtrading by requiring spacing between entries.
7. **Exit Conditions**
- Gray dot appears when trending conditions are no longer valid.
---
## ⚙️ Settings Explained:
| Setting | Description |
|:--------|:------------|
| **Cooldown Bars** | Minimum bars between consecutive entries |
| **Profit Target (%)** | Visual profit marker for exit tracking |
| **Donchian Channel Length** | Lookback period for detecting breakout width |
| **Minimum Donchian Width** | Threshold to confirm meaningful breakouts |
| **Volume Lookback Period** | Average volume validation window |
| **Box Range (Range Compression)** | Max allowed price range over lookback bars |
| **Range Compression Bars** | Number of bars to check for range compression |
| **Strict MACD Filter** | Use stricter MACD slope checks |
---
## 📊 Recommended Settings by Instrument (1H Chart):
| Asset | Min Donchian Width | Range Compression | Profit Target |
|:------|:-------------------|:------------------|:--------------|
| **NAS100** (Nasdaq) | 300–450 pts | 400 pts / 40 bars | 1.5% |
| **DJ30** (Dow Jones) | 400–600 pts | 500 pts / 40 bars | 1.0–1.5% |
| **XAU/USD** (Gold) | 10–15 pts | 8 pts / 30 bars | 0.8–1.2% |
| **DAX40** (Germany) | 200–300 pts | 250 pts / 40 bars | 1.0% |
| **USD/JPY** (Forex) | 0.5–0.8 pts | 0.4 pts / 40 bars | 0.5–0.8% |
---
## 🔔 Alerts Available:
- Long Entry
- Short Entry
- Exit Zone
> **Note:** Volume filter may be disabled if volume is unreliable (e.g., some forex pairs).
---
## 📅 Version:
- **ian_Trado v15** — April 2025
- Built with **Pine Script v6** for maximum stability
- Clean toggling and plotting logic (no `na` errors)
Multi-Timeframe Closures with Signals month week dayMulti-Timeframe Price Anchoring Indicator (Monthly, Weekly, Daily)
This indicator provides a powerful visual framework for analyzing price action across three major timeframes: monthly, weekly, and daily. It plots the closing prices of each timeframe directly on the chart to help traders assess where current price stands in relation to significant historical levels.
🔍 Core Features:
Monthly, Weekly, and Daily Close Lines: Automatically updated at the start of each new period.
Color-coded Price Anchors: Each timeframe is visually distinct for fast interpretation.
Multi-timeframe Awareness: Helps you identify trend alignment or divergence across different time horizons.
Long & Short Bias Signals: The script can optionally display long or short suggestions based on where the current price stands relative to the anchored closing prices.
📈 How to Use:
Trend Confirmation: If price is consistently above all three levels, it signals a strong bullish trend (potential long bias). If it’s below, the opposite applies (short bias).
Reversal or Pullback Zones: When price becomes extended far above/below the monthly and weekly closes, it may suggest overbought/oversold conditions and the possibility of a reversal or retracement.
Intraday Alignment: Useful for traders who want to enter positions on lower timeframes while being aware of higher timeframe trends.
This indicator is ideal for swing traders, day traders, and position traders who want to anchor their decisions to meaningful multi-timeframe reference points.
SuperFib Manual EditThis is a TradingView custom indicator called "SuperFib Manual Edit" that allows traders to draw configurable horizontal lines at specific price levels with customizable text labels. Here's a breakdown of what it does:
Main Features
Creates up to 6 horizontal lines at user-defined price levels
Each line has an associated text label (like "Support 1" or "Superfib")
All visual elements are highly customizable
Configuration Options
Global Line Appearance
Customizable line color and thickness (1-4 pixels)
Label Appearance
Text color
Background color with transparency
Text size (Tiny, Small, Normal, Large, Huge)
Position (Left or Right side of the chart)
Individual Line Settings
Each of the 6 lines has its own settings group
For each line, users can set:
Price level (where the line appears)
Custom label text
Technical Implementation
Uses PineScript version 6
Implements helper functions for label size and alignment options
Efficiently manages label objects to prevent memory leaks
Only updates labels on the last bar for better performance
Lines/labels automatically hide if their price input is disabled
This indicator would be useful for traders who want to manually mark important price levels like support/resistance zones, Fibonacci levels, or other significant price points with clear visual indicators and labels. The "SuperFib" part of the name suggests it might be specifically designed for marking Fibonacci retracement or extension levels, though it allows for completely manual placement rather than automatic calculation.RetryClaude can make mistakes. Please double-check responses.
John's Sig PROJohn's Sig PRO is a powerful Wyckoff-style trade detection tool that identifies potential long and short setups based on pivot formations, trading range analysis, and optional confluence filters.
🔹 Core Features:
Pivot-Based Springs and Upthrusts (customizable "Loose" or "Strict" setups)
Dynamic Risk Management:
Static % Risk OR ATR-based stops
2 Risk/Reward Targets (Target 1 and Target 2)
Volume Confirmation (optional)
Dynamic Range Monitoring: Highest high/Lowest low over user-defined periods
🔹 Optional Setup Filters (for higher probability entries):
✅ EMA Filter (Price above/below EMA)
✅ RSI Oversold/Overbought Confirmation
✅ MACD Cross Confirmation
✅ VWAP Filter (Price above/below VWAP)
✅ SuperTrend Direction Confirmation
🔹 Visual Highlights:
Entry, Stoploss, Target 1, Target 2 auto-plotted with lines
Setup labels colored based on strength (Loose/Strict)
Real-time alert generation (LONG/SHORT)
🔹 How to Use:
Enable Loose Springs for more aggressive setups or keep strict validation.
Customize risk settings: ATR-based dynamic stops or static pivot % risk.
Turn on optional filters to tighten your entry criteria.
Watch for plotted signals and set alerts!
⚡ Ideal For:
Intraday Traders
Swing Traders
Wyckoff Enthusiasts
Traders wanting automated pivot-based signals + multi-filter confluence
Created with ❤️ by John.
Trade smart, not hard!
Stormer setupHere's a trading setup with reversal candle coloring and simple market structure analysis:
Based on the experienced trader Stormer (Alexandre Wolwacz), to be used with combined price action.
Key improvements added:
1. **Smart Reversal Candles**:
- Detects hammer/shooting star patterns and engulfing candles
- Colors candles based on confluence with market structure
- Teal for bullish reversals, Maroon for bearish reversals
2. **Dynamic Confluence System**:
- Uses MA trend direction to determine if SR levels should be prioritized
- Adjustable sensitivity threshold for SR proximity
- Combines price action with stochastic position
3. **Enhanced Market Structure**:
- Improved trend detection using ROC instead of slope
- Adaptive logic that uses SR levels when MA is flat
4. **Advanced Visualization**:
- Semi-transparent candle coloring preserves original colors
- Dotted SR lines with automatic cleanup
- Clear triangle markers for entries
5. **Efficiency Improvements**:
- Limited historical SR storage for better performance
- Automatic line management to prevent chart clutter
To use this enhanced version:
1. Bullish reversal candles appear teal when:
- Hammer/engulfing pattern forms
- Near support (if MA flat) or stochastic oversold
- Price above MA
2. Bearish reversal candles appear maroon when:
- Shooting star/engulfing pattern forms
- Near resistance (if MA flat) or stochastic overbought
- Price below MA
3. Signals combine all elements (MA position, stochastic, SR levels, and candle patterns) for higher probability trades
RSI_Heikinashi📜 Title:
Heikin-Ashi RSI Candle Plot with Multi-Timeframe Analysis and EMA Overlay
📖 Full Description:
This is an original custom indicator that transforms the traditional Relative Strength Index (RSI) into a Heikin-Ashi (HA) candle representation, allowing traders to visualize RSI trends with greater clarity, less noise, and multi-timeframe perspective.
🛠️ Core Concept and Original Method:
Rather than plotting a single RSI line, this script recalculates RSI into a Heikin-Ashi candle format, using a double EMA smoothing method on the RSI data itself.
Here's how the transformation works:
RSI Calculation:
RSI is computed traditionally using Wilder's Moving Average (RMA) for smoothing gains and losses.
The RSI period and price source are fully customizable (default length = 28, source = close).
Heikin-Ashi Style Smoothing (applied to RSI):
The HA Close is calculated as the EMA of the average between the current RSI and previous HA Close.
The HA Open is calculated as the EMA of the average between the previous HA Open and the current HA Close.
The HA High and HA Low are dynamically calculated based on the maximum/minimum values of the current RSI, HA Open, and HA Close.
Smoothing is done via 5-period EMA, which adds a unique layer of trend smoothing without traditional price-based HA calculation.
Multi-Timeframe Comparison:
In addition to plotting the chart timeframe HA RSI, the indicator retrieves the 1-hour timeframe HA RSI using request.security.
This allows traders to align trades with higher timeframe RSI trends, a powerful technique for multi-timeframe confirmation.
50 EMA Overlay:
A 50-period Exponential Moving Average (EMA) is plotted over both the chart timeframe HA RSI and the 1-hour HA RSI.
EMA acts as a trend filter or dynamic support/resistance for RSI behavior.
RSI Bands and Visual Aids:
Standard RSI bands at 70 (Overbought), 50 (Midline), and 30 (Oversold) are plotted.
A shaded background between the 30–70 levels helps highlight RSI range-bound movements versus breakout momentum.
🔥 Why this script is original and useful:
Unique Application:
This is not a simple RSI plot or standard Heikin-Ashi candle — it is a specialized smoothing method applied directly to RSI values for a clearer, noise-reduced momentum reading.
Multi-Timeframe Advantage:
Unlike typical RSI indicators, it includes a 1-hour timeframe comparison alongside the chart timeframe, improving decision-making across intraday and swing strategies.
Advanced Smoothing Logic:
Double EMA smoothing of RSI and HA-style recalculations offer a much smoother signal than traditional RSI or basic RSI/EMA crossovers.
Visualized Trend Strength:
Using colored candles instead of just a line enhances readability and gives an intuitive sense of momentum direction, strength, and possible reversals.
Fully Customizable:
Traders can adjust the RSI period and source depending on asset volatility or timeframe preferences.
📋 How to Use:
Look for HA RSI candles color changes for early momentum shifts.
Use the 50 EMA crossovers on HA RSI to confirm larger trend changes.
Compare chart timeframe vs 1H timeframe HA RSI for stronger signal alignment.
Watch for overbought/oversold breaks beyond the 70/30 bands for trade entries or exits.
⚙️ Inputs:
RSI Length (Default: 28)
RSI Source (Default: Close)
📢 Important Note:
This script is originally conceptualized and custom-built.
It is not a mashup of existing open-source indicators and introduces a new smoothing technique for RSI visualization.
🙏 Credits:
Script developed by Sri_RSI.
Bar Count for XAUThis TradingView indicator labels every other five-minute candle for XAU during the current Beijing session, which runs from 06:00 to 05:00 the next day. It shows the actual bar numbers—1, 3, 5, and so on—only for today’s session; yesterday’s labels are automatically cleared at the new open. The tags appear just below each qualifying candle with no background box, and you can adjust the font size in the settings. In short, it gives you a clean, real-time visual of intraday bar order without clutter
M2 Global Liquidity Index [Custom Offsets]M2 Global Liquidity Index
Plots the global M2 money supply alongside price, with two user-configurable forward shifts to help you anticipate macro-driven moves in BTC (or any asset).
Key Features
Current M2 Index (no offset)
Offset A — shift M2 forward by N days (default 78)
Offset B — shift M2 forward by M days (default 109)
Extended Currencies toggle adds 9 additional central banks (CHF, CAD, INR, RUB, BRL, KRW, MXN, ZAR)
All lines share the left-hand axis and scale to trillions
Inputs
Offset A (days): integer ≥ 0 (default 78)
Offset B (days): integer ≥ 0 (default 109)
Include extended currencies?: on/off
How to Use
Add the indicator to any chart (overlay mode).
In Settings → Inputs, enter your desired lead times for Offset A and Offset B.
Toggle extended currencies if you need a broader “global liquidity” view.
Watch how price action (e.g. BTC) tracks the shifted M2 lines to spot potential turning points.
Why It Matters
Changes in money supply often lead risk assets by several weeks to months. This tool makes it easy to visualize and test those correlations directly on your favorite timeframe.
Weekly Open Range [BigBeluga]
A precision weekly range tracker that captures early market positioning from the first moments of the trading week.
By dynamically measuring the highest and lowest points from the first three candles after the Sunday 21:00 UTC open, the indicator builds a reactive support and resistance framework for the week ahead.
It also visualizes the active range with a dynamic box and provides live updates of the current price movement against the established range boundaries.
🔵 KEY FEATURES
Automatically marks the weekly open range starting at Sunday 21:00 UTC .
Identify maximum high and minimum low from the first 3 candles after the weekly open.
if isWeeklyOpen or isWeeklyOpen or isWeeklyOpen or isWeeklyOpen
h = math.max(high, range_box.get_top())
l = math.min(low, range_box.get_bottom())
Draws two horizontal lines from the range extremes, acting as dynamic support/resistance zones throughout the week.
Visualizes the range with a semi-transparent box for clear zone identification.
Includes a compact dashboard panel with:
- Symbol and current price with bullish or bearish bar indication with ▲ / ▼
- Current weekly high/low range values
🔵 USAGE
Treat the high and low of the range as support/resistance zones for the week.
Combine with volume analysis or liquidity tools for entry confirmation .
Refresh your key levels every week as the indicator resets each Sunday night .
Works great alongside Smart Money Concepts (ICT) strategies and weekly planning.
Weekly Open Range gives traders a reliable structure to anchor their week. With clear range mapping, breakout signals, and intuitive visuals, it becomes a valuable part of any strategic trading approach—especially when precision timing around liquidity zones is key.
OpeningRange (Trading_Tix)Purpose:
The indicator highlights the high, low, and middle (50%) price levels of a specified session's opening range. These levels can serve as key support and resistance zones for trading strategies. The indicator also offers options to extend these levels beyond the session into later timeframes, making it useful for tracking breakout or trend continuation setups.
Key Features:
1. Session Detection:
The indicator identifies a specific session period using the user-defined Session Time. It calculates the start time, high, and low prices during this period:
rangeTime: Defines the session time range (default: 5:00 PM to 2:59 AM).
extendTime: Defines the extended time range where lines/backgrounds can be prolonged.
2. Opening Range Calculation:
High (high_val) and Low (low_val)**:
Tracks the highest and lowest prices during the session.
Middle Line:
A midpoint is calculated by averaging high_val and low_val.
3. Visual Elements:
Horizontal Lines:
Drawn at the high, low, and middle levels.
Customizable in width and color.
Shaded Background Box:
Covers the range between high and low prices.
The box’s color and transparency can be adjusted.
Line and Box Extension:
Optionally extends these elements into the extended time range.
4. Customization:
Users have the flexibility to:
Toggle visibility of lines, middle line, and background box.
Adjust colors, line thickness, and style.
Enable or disable the extension of lines and backgrounds into the extended period.
How It Works:
Initialization:
The script initializes variables to store range data (startTime, high_val, low_val) and drawing objects (lines, boxes).
It detects whether the current bar falls within the session (inSession) or extended timeframe (inExtend).
Plotting:
During the session:
Deletes previous lines and boxes from prior sessions.
Draws new lines at the high, low, and middle levels.
Creates a background box covering the range, if enabled.
During the extended period:
Extends the session lines and box, if the user has opted for extensions.
Updates:
Continuously adjusts the high/low values and updates the lines as new price data arrives.
Use Cases:
This indicator can be valuable for traders who:
Use the opening range to identify potential breakout zones.
Trade based on price consolidation within the range.
Want a visual representation of key price levels to plan entries and exits.
Would you like help refining this script further or adjusting its settings to match your trading style?
BTC Daily DCA CalculatorThe BTC Daily DCA Calculator is an indicator that calculates how much Bitcoin (BTC) you would own today by investing a fixed dollar amount daily (Dollar-Cost Averaging) over a user-defined period. Simply input your start date, end date, and daily investment amount, and the indicator will display a table on the last candle showing your total BTC, total invested, portfolio value, and unrealized yield (in USD and percentage).
Features
Customizable Inputs: Set the start date, end date, and daily dollar amount to simulate your DCA strategy.
Results Table: Displays on the last candle (top-right of the chart) with:
Total BTC: The accumulated Bitcoin from daily purchases.
Total Invested ($): The total dollars invested.
Portfolio Value ($): The current value of your BTC holdings.
Unrealized Yield ($): Your profit/loss in USD.
Unrealized Yield (%): Your profit/loss as a percentage.
Visual Markers: Green triangles below the chart mark each daily investment.
Overlay on Chart: The table and markers appear directly on the BTCUSD price chart for easy reference.
Daily Timeframe: Designed for Daily (1D) charts to ensure accurate calculations.
How to Use
Add the Indicator: Apply the indicator to a BTCUSD chart (e.g., Coinbase:BTCUSD, Binance:BTCUSDT).
Set Daily Timeframe: Ensure your chart is on the Daily (1D) timeframe, or the script will display an error.
Configure Inputs: Open the indicator’s Settings > Inputs tab and set:
Start Date: When to begin the DCA strategy (e.g., 2024-01-01).
End Date: When to end the strategy (e.g., 2025-04-27 or earlier).
Daily Investment ($): The fixed dollar amount to invest daily (e.g., $100).
View Results: Scroll to the last candle in your date range to see the results table in the top-right corner of the chart. Green triangles below the bars indicate investment days.
Settings
Start Date: Choose the start date for your DCA strategy (default: 2024-01-01).
End Date: Choose the end date (default: 2025-04-27). Must be after the start date and within available chart data.
Daily Investment ($): Set the daily investment amount (default: $100). Minimum is $0.01.
Notes
Timeframe: The indicator requires a Daily (1D) chart. Other timeframes will trigger an error.
Data: Ensure your BTCUSD chart has historical data for the selected date range. Use reliable pairs like Coinbase:BTCUSD or Binance:BTCUSDT.
Limitations: Does not account for trading fees or slippage. Future dates (beyond the current date) will not display results.
Performance: Works best with historical data. Free TradingView accounts may have limited historical data; consider premium for longer ranges.
Initial Imbalance [First FVG - ICT] v1Initial Imbalance v1
This indicator identifies the first Fair Value Gap (FVG) at the start of a user-defined session, inspired by The Inner Circle Trader. It helps traders spot initial imbalance in a sessions price action, offering filter options to refine FVG detection and optional session high/low lines for context.
Features:
Detects the first bullish or bearish FVG at the session start (default: 08:30). ISE: Sets a custom session start time (hour and minute).
Filters FVGs by size: None, ATR-based, or Points-based.
Displays session high/low lines (optional) to visualize the session range.
Customizable colors for bullish and bearish FVGs (background and border derived from a single color input).
Alerts for new FVGs and mitigated FVGs.
Settings:
Session Start Time: Define the hour and minute for the session start.
FVG Filter Type: Choose None, ATR, or Points to filter FVGs by size.
ATR Multiple / Minimum Points: Set the minimum FVG size for ATR or Points filters.
Show Session High/Low Lines: Toggle visibility of session range lines.
Bullish/Bearish FVG Colors: Customize colors for FVGs.
Technical Details:
Overlay indicator, displayed directly on the price chart.
This indicator is ideal for traders seeking to identify key price imbalances at the start of a session, with flexible filtering and visualization options.
BTC Growth | AlchimistOfCrypto🌈 BTC Regression Bands & Halvings – Unveiling Bitcoin's Logarithmic Growth Fields 🌈
"The Bitcoin Regression Bands, engineered through advanced logarithmic mathematics, visualizes the probabilistic distribution of Bitcoin's price evolution within a multi-cycle growth paradigm. This indicator employs principles from hyperbolic regression where decay coefficients create mathematical boundaries that define Bitcoin's long-term value progression. Our implementation features algorithmically enhanced rainbow visualization derived from extensive cycle analysis, creating a dynamic representation of Bitcoin's logarithmic growth with adaptive color gradients that highlight critical halving-based phase transitions in the asset's monetary evolution."
📊 Professional Trading Application
The Bitcoin Regression Bands transcends traditional price prediction models with a sophisticated multi-band illumination system that reveals the underlying structure of Bitcoin's monetary evolution. Scientifically calibrated across multiple halving cycles and featuring seamless rainbow visualization, it enables investors to perceive Bitcoin's position within its macro growth trajectory with unprecedented clarity.
- Visual Theming 🎨
Scientifically designed rainbow gradient optimized for cycle pattern recognition:
- Violet-Blue: Lower value accumulation zones with highest mathematical growth potential
- Green: Fair value equilibrium zone representing the regression mean
- Yellow-Orange: Moderate overvaluation regions indicating potential resistance
- Red: Statistical extreme zones indicating mathematical cycle peaks
- Halving Visualization 🔍
- Precise cycle boundaries demarcating Bitcoin's fundamental supply shock events
- Adaptive band spacing based on mathematical cycle progression
- Multiple sub-cycle markers revealing the probabilistic nature of Bitcoin's trajectory
🚀 How to Use
1. Identify Macro Position ⏰: Locate Bitcoin's current price relative to the regression bands
2. Understand Cycle Context 🎚️: Note position within the current halving cycle for time-based analysis
3. Assess Mathematical Value 🌈: Determine potential over/undervaluation based on band location
4. Adjust Investment Strategy 🔎: Modulate position sizing based on mathematical value assessment
5. Identify Cycle Phases ✅: Monitor band transitions to detect accumulation and distribution zones
6. Invest with Precision 🛡️: Utilize lower bands for strategic accumulation, upper bands for strategic reduction
7. Manage Risk Dynamically 🔐: Scale investment allocations based on mathematical cycle positioning
