High
Previous Day High & Low (PDH / PDL) with HistoryThis indicator automatically plots the Previous Day High (PDH) and Previous Day Low (PDL) on your chart.
✨ Features:
📅 Multiple days of history (choose how many days to keep, or unlimited).
🎨 Custom colors and line styles (solid, dashed, dotted).
🔎 Show or hide levels once touched by price.
🏷️ Optional labels (“PDH” and “PDL”) that follow the line to the right edge.
🚀 Works on any market, any timeframe.
🔧 Use cases:
Identify key liquidity levels.
Track daily ranges for intraday trading.
Combine with other strategies for confluence.
Week splitter, WH/WLAvailable features:
- High and Low of the Week
- Weeks dividing
- Days inside Week dividing
Liquidity Hunter Pro iDea TradeAutomatically detects and visualizes key liquidity levels across multiple timeframes.
Features include:
Multi-timeframe high/low liquidity mapping
Automatic and manual timeframe options
Real-time “sweep” and “touch” detection
Customizable colors and labels
Alerts for liquidity touches and sweeps
Option to display mitigated (swept) liquidity as dashed lines
How to use:
Enable the desired timeframes and alerts, adjust colors or labels to fit your style, and monitor the chart for liquidity sweeps and reactions. Use as a technical tool to spot potential support/resistance or sweep zones.
Note:
This script does not provide trading signals or financial advice. For technical analysis and educational purposes only. Always manage your risk.
Protected script. Source code is hidden but free for all TradingView users.
Session High/Low indicator Session High/Low – London & Asia” is a TradingView indicator that automatically identifies and marks the single highest high and lowest low of each London and Asia trading session. At the close of each session, it draws clean horizontal rays extending to the right—one at the exact bar where the session’s peak price occurred and one where the trough occurred—so you can instantly spot key support and resistance levels without cluttering your chart.
Session High/Low/PD Selector with Realtime AlertsThis indicator displays key intraday and multi-day price levels directly on the chart for short-term traders. It includes:
Session Highs and Lows for Asia, London, and New York sessions
→ Automatically plots each completed session’s high and low, with lines extended to the right and labeled.
Previous Day High, Low, and Close
→ Draws levels from the prior daily candle with adjustable colors and labels.
Previous Week High and Low
→ Weekly key levels are plotted just like daily ones.
Real-time Alerts
→ Optional alerts trigger immediately when price touches or breaks any session, PDH/PDL, or PWH/PWL levels.
Fully Customizable
→ Toggle sessions, previous day/week levels, label positions, and colors per user preference.
Previous Day/Week High, Low, Midpoint LinesI put together this script as I couldn’t find exactly what I was looking for on Tradingview.
The script plots the previous day and week high and low as well as the midpoint of the range between the daily and weekly high and low. These lines stop printing once a price candle crosses the lines.
This may be of use to you. Enjoy!
MWA swing high & lowThis indicator identifies and connects significant swing highs and swing lows on the chart using customizable pivot-based logic. It creates a ZigZag-style structure that helps traders visually analyze price action, market structure, and trend direction.
🧠 Key Features:
Detects pivot highs and lows using left/right bar logic.
Plots a ZigZag line connecting swings for easy visual tracking.
Labels each swing as "Swing High" or "Swing Low".
Fully customizable settings: pivot sensitivity, label color/size, and line color.
📈 How to Use:
Use it to spot higher highs/lows or lower highs/lows in trending markets.
Identify structure shifts that may signal trend reversals.
Combine with support/resistance, Fibonacci, or other structure-based tools for confirmation.
Suitable for discretionary or rule-based strategies.
⚠️ Disclaimer:
This script is a visual analysis tool. It does not generate buy/sell signals and does not claim profitability. Past structure patterns do not guarantee future results.
Monthly, Daily, 4H High Low (v2 Corrected)Multi-Timeframe Highs & Lows (M, D, 4H) with Alerts
Script Description:
Summary
This indicator is a powerful tool designed to streamline your technical analysis by plotting the most significant price levels from higher timeframes directly onto your chart. It automatically draws the previous Monthly, Daily, and 4-Hour High and Low levels, allowing you to identify key support and resistance zones without constantly switching between timeframes.
The clean, minimalist design ensures your chart remains uncluttered, while the built-in, customizable alert system notifies you instantly when the price interacts with these critical levels.
Key Features
Automatic High & Low Plotting: Visualizes the previous high and low for three key timeframes:
Monthly High & Low (Red lines)
Daily High & Low (Blue lines)
4-Hour High & Low (Orange lines)
Clear On-Chart Labels: Each line is accompanied by a small, non-intrusive label (e.g., "Monthly High") on the right side of the chart for easy identification.
Powerful Alert System: Never miss a key price reaction. The script includes a fully configurable alert system that triggers when the price crosses any of the plotted high or low levels.
Customizable Alerts: In the indicator settings, you can individually enable or disable alerts for each timeframe (Monthly, Daily, 4H), giving you full control over your notifications.
How to Use
The lines plotted by this indicator serve as powerful, objective levels of support and resistance.
Resistance: The high of a previous period (e.g., Daily High) often acts as a ceiling where price may struggle to break through.
Support: The low of a previous period (e.g., Daily Low) often acts as a floor where price may find buying interest.
Breakout/Breakdown Confirmation: A decisive close above a previous high or below a previous low can signal a potential continuation of the trend. Use the alerts to be notified of these events in real-time.
Liquidity Sweeps: Traders often watch for price to briefly "sweep" or "hunt" these levels before reversing. The alert system is perfect for catching these movements.
Setting Up Alerts
Add the indicator to your chart.
Click the Alert icon (clock symbol) in the TradingView toolbar.
In the "Condition" dropdown, select the indicator: "Multi-Timeframe Highs & Lows (v2 Corrected)".
A second dropdown will appear. Select the specific event you want to be notified about (e.g., "Cross Daily High" or "Cross 4H Low").
Choose your preferred alert settings (e.g., "Once Per Bar Close") and notification method.
Click "Create".
You can create multiple alerts for different levels as needed.
This tool was designed to be both simple and effective, helping traders make more informed decisions by keeping an eye on the bigger picture. Happy trading!
Multi-Timeframe OHLC Levels█ OVERVIEW
A fully customizable multi-timeframe indicator that independently plots levels based on the open, previous close, previous high, previous low, and previous mid-price.
This tool is ideal for traders who require a high level of tailoring and usability.
█ FEATURES
Multi-timeframe
Select the timeframe for each level separately. The indicator shows higher timeframe levels down to the 1-second chart.
Multi-source
Choose the source for each level individually from the current open, previous close, previous high, previous low, and previous mid-price.
Past levels
Manage the number of relevant levels displayed on historical bars for trading or backtesting.
Projections
Extend the levels to the current price action with clear and clean options.
Styling
Adjust the appearance according to your preferences and screen size using options for color, line style, line thickness, custom name, and text size.
█ NOTES
This is a PREMIUM indicator.
You may also find my free Daily Weekly Monthly Yearly Opens and Previous Day Week Highs & Lows indicators helpful.
Running Minimum HighThe running minimum high looks at the minimum high from a defined lookback period (default 10 days) and plots that on the price chart. Green arrows signify when the low of the candle is above the running minimum high (suggesting an uptrend), and red arrows signify when the high of the candle is below the running minimum high (suggesting a downtrend).
It is recommended to use this on high timeframes (e.g. 1 hour and above) given the high number of signals it generates on lower timeframes.
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.
Range Progress TrackerRANGE PROGRESS TRACKER(RPT)
PURPOSE
This indicator helps traders visually and statistically understand how much of the typical price range (measured by ATR) has already been covered in the current period (Daily, Weekly, or Monthly). It includes key features to assist in trend exhaustion analysis, reversal spotting, and smart alerting.
CORE LOGIC
The indicator calculates the current range of the selected time frame (e.g., Daily), which is:
Current Range = High - Low
This is then compared to the ATR (Average True Range) of the same time frame, which represents the average price movement range over a defined period (default is 14).
The comparison is expressed as a percentage, calculated with this formula:
Range % = (Current Range / ATR) × 100
This percentage shows how much of the “average expected move” has already occurred.
WHY IT MATTERS
When the current range approaches or exceeds 100% of ATR, it means the price has already moved as much as it typically does in a full session.
This indicates a lower probability of continuing the trend with a new high or low, especially when the price is already near the session's high or low.
This setup can signal:
A possible consolidation phase
A reversal in trend
The market entering a corrective phase
SMART ALERTS
The indicator can alert you when:
A new high is made after the range percentage exceeds your set threshold.
A new low is made after the range percentage exceeds your set threshold.
You can adjust the Range % Alert Threshold in the settings to tailor it to your trading style.
Trading Sessions
Trading Sessions
Highlights the Asia, London, and New York trading sessions with dynamic High-Low boxes.
General
Timezone : select your reference zone (e.g. Exchange, UTC, Europe/Rome, America/New_York).
Extend Session High/Low : extend the High/Low lines to the last candle.
Extend Lines (bars) : number of bars to extend lines beyond the last candle (0–100, default 15).
Show High/Low Labels : display labels for the High/Low levels.
Show Mitigated Levels : also show mitigated (broken) levels.
Show Only Recent Levels : filter levels from the last N days.
Number of Recent Days : sets how many days are considered “recent” (1–30).
Show Debug Info : enable a panel with current time, session status, and active filters.
Sessions
Asia , London , New York : enable or disable each session.
Session Time : set the start/end times with the time picker.
Box Color : choose a semi-transparent highlight color for each session.
Line Style & Width : customize style (Solid, Dotted, Dashed) and width of current and past High/Low lines.
Text Size : select the label text size (Tiny, Small, Normal, Large).
Show Only Recent Levels – filters High/Low lines to show only those from the last Number of Recent Days .
Number of Recent Days – sets how many days are considered “recent” for the filter.
Show Mitigated Levels – enables display of broken levels; otherwise only active levels remain visible.
Show High/Low Labels – toggles text labels at the ends of lines on or off.
Show Debug Info – displays a floating panel showing:
Current time in the selected timezone
On/Off status of Asia, London, NY sessions
Active filters (recent days, mitigated levels)
Line style settings for each session
Key Benefits
Visualize session-specific volatility and potential breakouts.
No historical limit: scroll back through any past sessions.
Filter and extend High/Low levels for precise price context.
Fully customize to fit any chart layout.
Ideal For
Intraday traders who need clear session boundaries and price level context.
Trading Session Highs and LowsTrading Session Highs and Lows
This script provides an intuitive way to visualize key market levels from major trading sessions: Asia, London, New York, and New York Close. By automatically plotting the high and low of each session, it helps traders quickly identify important price levels that could impact market behavior.
Features include:
Session Marking: The script marks the high and low for each major session (Asia, London, New York, and New York Close).
Customizable Lines and Labels: You can adjust the line style, width, and color for each session’s high/low markers. The session name (e.g., "London", "New York") and the PDH/PDL (Prior Day High and Low) are also shown to give clear context.
Real-Time Updates: The levels are updated in real-time to reflect the current price action, helping you gauge price movement throughout the trading day.
Customizable Indicators: Easily adjust the visibility of the different sessions and the labels to focus on the session that matters most to your trading strategy.
This tool is designed to help day traders spot important levels for potential breakouts or reversals, making it easier to base your trading decisions on well-established price points. Ideal for scalpers, swing traders, and anyone who trades across multiple sessions.
JL - DWM OHLCThis indicator plots the following price levels on your chart automatically AND will not show up if you are using a timeframe bigger than 60 minutes, 1 day, or 1 week.
Here are the price levels that are automatically plotted for you, and so you know the styling is different for Daily, Weekly, Monthly levels so you can easily distinguish between them:
- Prior Day: High / Low / Close
- Current Day: Open
- Prior Week: High / Low / Close
- Current Week: Open
- Prior Month: High / Low / Close
- Current Month: Open
These plots are timeframe dependent and will not plot on subsequently higher timeframes, here is how they work:
Daily Price Levels are only shown on timeframes that are smaller than 60 minutes.
Weekly Price Levels are only shown on timeframes smaller than 1 Day.
Monthly Price Levels are only shown on timeframes smaller than 1 Week.
This way, you can turn on the indicator and not have to think about turning off certain price levels if you switch to a larger / longer timeframe than what you typically use.
For example, Daily OHLC price levels will quickly clutter the 60 minute chart, and likely you don't need to know the HLC of the Prior Day if you are looking at the 60 minute chart. Therefor it may be helpful to automatically hide the Daily price level plots, and only show the Weekly and Monthly plots on the 60 minute timeframe.
I hope you find this indicator helpful, thanks for reading.
High and Low in a Given Date/Time RangeThis Pine Script v5 indicator plots horizontal lines at both the highest and lowest price levels reached within a user-defined date/time range.
Description:
Inputs:
The user specifies a start and an end date/time by providing the year, month, day, hour, and minute for each. These inputs are converted into timestamps based on the chart’s timezone.
How It Works:
Timestamp Conversion: The script converts the provided start and end dates/times into timestamps using the chart’s timezone.
Bar Check: It examines every bar and checks if the bar’s timestamp falls between the start and end timestamps.
Price Updates:
If a bar’s time is within the specified range, the indicator updates the highest price if the current bar's high exceeds the previously recorded high, and it updates the lowest price if the current bar's low is lower than the previously recorded low.
Drawing Lines:
A red horizontal line is drawn at the highest price, and a green horizontal line is drawn at the lowest price. Both lines start from the first bar in the range and extend dynamically to the current bar, updating as new high or low values are reached.
End of Range: Once a bar's time exceeds the end timestamp, the lines stop updating.
This tool offers a clear and straightforward way to monitor key price levels during a defined period without any extra fluff.
Enhanced HHLL Time Confirmation with EMAStrong recommendation , remove the green and red circle , or leave it how it is ;)
To be used on 1 minute chart MSTR , Stock
other time frames are good , ;)
How to Use
HHLL Signals: Look for green triangles (buy) below bars or red triangles (sell) above bars to identify confirmed HH/LL setups with trend alignment.
EMA Signals: Watch for lime circles (buy) below bars or maroon circles (sell) above bars when price crosses the EMA 400 in a trending market.
Trend Context: Use the EMA 400 as a dynamic support/resistance level and the SMA trend filter to gauge market direction.
Enable alerts to get notified of signals in real-time.
Best Practices
Adjust the Lookback Period and Confirmation Minutes to suit your timeframe (e.g., shorter for scalping, longer for swing trading).
Combine with other indicators (e.g., volume, RSI) for additional confirmation.
Test on your preferred market and timeframe to optimize settings.
Indicator Description: Enhanced HHLL Time Confirmation with EMA
Overview
The "Enhanced HHLL Time Confirmation with EMA" is a versatile trading indicator designed to identify key reversal and continuation signals based on Higher Highs (HH), Lower Lows (LL), and a 400-period Exponential Moving Average (EMA). It incorporates time-based confirmation and trend filters to reduce noise and improve signal reliability. This indicator is ideal for traders looking to spot trend shifts or confirm momentum with a combination of price structure and moving average crossovers.
Key Features
Higher High / Lower Low Detection:
Identifies HH and LL based on a customizable lookback period (default: 30 bars).
Signals are confirmed only after a user-defined time period (in minutes, default: 60) has passed since the last HH or LL, ensuring stability.
Trend Filter:
Uses a fast (10-period) and slow (30-period) Simple Moving Average (SMA) crossover to confirm bullish or bearish trends.
Buy signals require a bullish trend (Fast SMA > Slow SMA), and sell signals require a bearish trend (Fast SMA < Slow SMA).
EMA 400 Integration:
Plots a 400-period EMA (customizable) as a long-term trend reference.
Generates additional buy/sell signals when price crosses above (buy) or below (sell) the EMA 400, filtered by trend direction.
Visualizations:
Optional dashed lines for HH and LL levels (toggleable).
Debug markers (diamonds) to visualize HH/LL detection points.
Distinct signal shapes: triangles for HHLL signals (green/red) and circles for EMA signals (lime/maroon).
Alerts:
Built-in alert conditions for HHLL Buy/Sell and EMA Buy/Sell signals, making it easy to stay informed of key events.
Input Parameters
Lookback Period (default: 30): Number of bars to look back for HH/LL detection.
Confirmation Minutes (default: 60): Time (in minutes) required to confirm HH/LL signals.
High/Low Source: Select the price source for HH (default: high) and LL (default: low).
Show HH/LL Lines (default: true): Toggle visibility of HH/LL dashed lines.
Show Debug Markers (default: true): Toggle HH/LL detection markers.
EMA Period (default: 400): Adjust the EMA length.
All-Time High MarkerThis indicator automatically identifies and displays the All-Time High (ATH) price on a chart. When a new ATH is reached, a horizontal line is drawn, extending from a user-specified number of bars to the left of the ATH candle to the current bar, and continuing indefinitely to the right. An "ATH" label is placed at the beginning of the line. Key features:
Dynamic ATH Tracking: Automatically updates as new all-time highs are reached.
Customizable Line: Adjust the line color and width to match your chart theme.
Customizable Label: Change the label color, text color, and vertical offset.
Line Start Offset: Control how far back the ATH line starts from the ATH candle.
This tool helps traders quickly visualize and track ATH levels for potential breakouts or resistance zones.
WLI Swing High/Low advnc indicatorfor Class members
else
label.set_xy(lowMsg, bar_index, close)
label.set_text(lowMsg, "making New Low")
label.set_color(lowMsg, newSwingLowColor)
label.set_textcolor(lowMsg, color.white)
else
if not na(lowMsg)
label.delete(lowMsg)
lowMsg := na
Futures Open/High/Low TablesAdds (up to) 3 tables to a chart, displaying Open/High/Low data for today (RTH and extended hours), yesterday, and the current week / month -- to help with intraday analysis of a futures ticker.
The tables only appear on intraday charts (5min, 30min, etc). On a Daily/Weekly/etc chart they are not calculated or shown.
In addition to Open/High/Low, the "Current" table in the top-right shows a live measurement of # of points from the open, the RTH open, and the highs/lows.
Lastly, the 9:30am ET open and the 4pm RTH close are by default marked with a shaded background (on intraday charts) for easy visual reference, and also to help with adjusting the session time to accommodate time zone issues if they occur.
Tested on ES in Eastern Time Zone, but should work on any futures instrument and any time zone by adjusting the Session Time setting.
Absorption AnalysisThe Absorption Analysis indicator identifies potential market turning points by analyzing volume, price patterns, and market structure across multiple dimensions. It combines traditional technical signals with volume analysis and success rate tracking to provide high-probability reversal opportunities.
Signal Types & Classification
1. Pattern-Based Signals (W-Bottom & M-Top)
**W-Bottom Pattern**
- Pattern Structure:
* Price makes a low below the lower Bollinger Band
* First bounce occurs with price moving higher
* Secondary test forms a higher low
* Final confirmation with bullish close above lower band
- Volume Requirements:
* Must exceed 1.5x the 20-period volume moving average
- Visual Indicators:
* Blue dotted line appears at pattern low
* Line remains until broken by price
* Label shows volume and percentage from baseline
- Success Tracking:
* Pattern stored in historical database
* Success measured by upward price movement
* Historical success rate displayed with signal
**M-Top Pattern**
- Pattern Structure:
* Price makes a high above the upper Bollinger Band
* First pullback occurs with price moving lower
* Secondary push forms a lower high
* Final confirmation with bearish close below upper band
- Volume Requirements:
* Must exceed 1.5x the 20-period volume moving average
- Visual Indicators:
* Orange dotted line appears at pattern high
* Line remains until broken by price
* Label shows volume and percentage from baseline
- Success Tracking:
* Pattern stored in historical database
* Success measured by downward price movement
* Historical success rate displayed with signal
2. Technical Reversals
**Bullish Reversal**
- Entry Conditions:
* Previous candle closes below lower Bollinger Band
* Previous candle must be bearish
* Current candle closes above lower band
* Current candle must be bullish
- Volume Validation:
* Volume must exceed 1.5x 20-period MA
- Visual Markers:
* Green label at reversal point
* Includes volume context
- Trading Implementation:
* Suggests strong buying pressure overcoming selling
* Often marks end of downward price exhaustion
**Bearish Reversal**
- Entry Conditions:
* Previous candle closes above upper Bollinger Band
* Previous candle must be bullish
* Current candle closes below upper band
* Current candle must be bearish
- Volume Validation:
* Volume must exceed 1.5x 20-period MA
- Visual Markers:
* Red label at reversal point
* Includes volume context
- Trading Implementation:
* Suggests strong selling pressure overcoming buying
* Often marks end of upward price exhaustion
3. Volume-Based Reversals
**High Volume Bear to Bull**
- Signal Formation:
* High volume bearish candle (2.5σ above mean)
* Immediately followed by high volume bullish candle
- Market Psychology:
* Shows strong selling being absorbed by buying
* Often indicates institutional accumulation
- Visual Identification:
* Purple "HV Bull" label
* Includes volume statistics
- Trading Context:
* Strong signal for trend reversal
* Most effective at support levels
**High Volume Bull to Bear**
- Signal Formation:
* High volume bullish candle (2.5σ above mean)
* Immediately followed by high volume bearish candle
- Market Psychology:
* Shows strong buying being absorbed by selling
* Often indicates institutional distribution
- Visual Identification:
* Purple "HV Bear" label
* Includes volume statistics
- Trading Context:
* Strong signal for trend reversal
* Most effective at resistance levels
4. Absorption Signals
**Buy Absorption**
- Technical Requirements:
* High volume conditions (2.5σ above mean)
* Spread momentum must be negative
* Fast spread MA below slow spread MA
* Bullish closing candle
- Market Interpretation:
* Indicates buying pressure absorbing selling
* Often precedes upward movement
- Visual Markers:
* Red label with volume context
* Placed at significant price levels
**Sell Absorption**
- Technical Requirements:
* High volume conditions (2.5σ above mean)
* Spread momentum must be negative
* Fast spread MA below slow spread MA
* Bearish closing candle
- Market Interpretation:
* Indicates selling pressure absorbing buying
* Often precedes downward movement
- Visual Markers:
* Green label with volume context
* Placed at significant price levels
Volume Analysis Components
Volume Calculation
- Rolling baseline volume calculated based on timeframe:
* Monthly: 6-period sum
* Weekly: 12-period sum
* Daily: 20-period sum
* Intraday: Proportional to timeframe
- Net volume = Bullish volume - Bearish volume
- Volume percentage calculated against baseline
- High volume threshold = 2.5 standard deviations
- Pattern volume threshold = 1.5x 20MA
Exchange Aggregation
- Primary symbol (chart) always included
- Optional secondary symbol data
- Combines volume data for stronger signals
- Useful for crypto markets with split liquidity
Success Rate Implementation
Rate Calculation
- Based on user-defined lookback period
- Separately tracked for each pattern type
- Bullish patterns: Percentage of times price moved higher
- Bearish patterns: Percentage of times price moved lower
- Used to filter alerts with minimum threshold
Pattern Storage
- Arrays maintain historical pattern data
- Limited to lookback period size
- Oldest patterns removed as new ones form
- Constantly updated success rates
## Trading Implementation
### Signal Priority
1. Pattern Signals (W/M)
- Highest reliability due to complex criteria
- Must meet all volume and price conditions
- Line break provides clear invalidation
2. High Volume Reversals
- Strong indication of institutional activity
- Clear volume confirmation
- Immediate reversal potential
3. Technical Reversals
- Traditional technical analysis backbone
- Enhanced with volume confirmation
- Good for trend trading
4. Absorption Signals
- Early warning system
- Best used with other confirmations
- Good for position building
Best Practices
- Look for multiple signal types aligning
- Consider higher timeframe context
- Use success rates to filter setups
- Monitor volume context closely
- Wait for candle closes
- Use line breaks for clear invalidation
- Consider market structure
- Pay attention to success rates
- Use appropriate position sizing
Risk Management
- Use pattern breaks for stop losses
- Consider historical success rates
- Larger positions for multiple signal confluence
- Respect timeframe hierarchy
- Monitor volume for confirmation
- Use proper position sizing
- Consider market volatility
This indicator provides a comprehensive framework for identifying potential market turning points while maintaining rigorous risk management through multiple confirmation factors and clear invalidation levels.
