[DIP] Many Moving AveragesHighly customizable set of moving averages. I noticed there wasn't anything simple, easy to use and customizable in the public domain so I decided to make my own.
Supports:
- Up to 8 Moving Averages ( SMA , EMA , HMA , RMA, VWMA , WMA )
- Each moving average can be configured with its own Period, Type, Source and Timeframe.
指標和策略
Penguin Trend🐧 Penguin Trend
Overview
The "Penguin Trend" indicator is designed to help traders identify potential breakouts after a period of low volatility or consolidation. It combines the concept of a Volatility Squeeze (Bollinger Bands vs. Keltner Channels) with a MACD-based trend filter to provide higher-probability signals.
---
How It Works
The indicator is based on three core components:
1. Volatility Squeeze:
The histogram bars appear only when volatility expands (the Upper BB moves outside the Upper KC). This event is known as a "Squeeze Release" and signals that the market may be about to make a significant move.
During periods of low volatility or sideways consolidation, the histogram will disappear.
2. Trend & Momentum Filter:
The color of the histogram bars is determined by the MACD and a fast EMA to gauge the direction and strength of the trend.
Lime: Strong Bullish Signal - The trend is up (MACD Cross-up) and short-term momentum is positive.
Red: Strong Bearish Signal - The trend is down (MACD Cross-down) and short-term momentum is negative.
Yellow: Weakening Momentum or Pullback - Indicates that while the primary trend is intact, short-term price is moving against it (e.g., a pullback in an uptrend).
3. Signal Line and Bar Coloring:
White Line: A moving average of the histogram, helping to visualize the general tendency of the volatility expansion.
Bar Coloring: The indicator also colors the price bars on the main chart to match the histogram (Lime, Red, Yellow) but only during a "Squeeze Release". This provides a clear visual cue directly on your chart.
---
How to Use
1. Look for the Squeeze: Identify periods where the histogram is flat (disappeared). This is the market consolidation phase.
2. Wait for the Release: The appearance of the first histogram bar signals that volatility is returning.
3. Confirm with Color:
Lime bars suggest a potential entry for a long position.
Red bars suggest a potential entry for a short position.
Yellow bars serve as a warning of a potential pullback or weakening trend; caution is advised.
Tip: For best results, use this indicator in conjunction with other technical analysis tools like support/resistance levels or volume analysis.
```
SPX Levels Adjusted to ES1!This indicator allows you to plot custom SPX levels directly on the ES1! (E-mini S&P 500 Futures) chart, automatically adjusting for the spread between SPX and ES1!. This is particularly useful for traders who perform technical analysis on SPX but execute trades on ES1!.
Features:
Input up to three SPX key levels to track (e.g., 5000, 4950, 4900)
The script adjusts these levels in real-time based on the current spread between SPX and ES1!
Displays the spread in the chart header for quick reference
Plots updated horizontal lines that move with the spread
Includes optional labels showing the spread periodically to reduce clutter
Ideal for futures traders who want SPX context while trading ES1!.
Make sure to apply this indicator on the ES1! chart, not SPX.
Volume Weighted Average Pricehelps my strategy and allows my trades to hit tp allowing me to gain profit
BARTRADINGPREDV4Please note, that all of the indicators on the chart are working together. I am showing all of the indicators so that you might see the benefits of these indicators working as one. Do your own research. Trade smart. I code tools not advice. So please make decisions based on your trading style and knowledge. Use my scripts freely but please note they are protected by Mozilla.
Script Summary: BARTRADINGPREDV4
This Pine Script indicator is a comprehensive trading tool that overlays on your TradingView chart. It combines moving averages, regression channels, volume analysis, RSI filtering, and pattern recognition to assist in making trading decisions. It also provides a forward-looking projection to help anticipate future price movement.
Key Features & Logic
1. Moving Averages
HMA (High Moving Average): Simple moving average of the high price over a user-defined lookback period.
LMA (Low Moving Average): Simple moving average of the low price over the same period.
HLMA (High-Low Moving Average): The average of HMA and LMA, providing a midline reference.
2. RSI Filtering
Optionally enables a Relative Strength Index (RSI) filter to help avoid trades when the market is not trending strongly.
Only allows buy signals if RSI is above 50, and sell signals if RSI is below 50 (if enabled).
3. Signal Generation
BUY Signal: Triggered when HL2 (average of OHLC) crosses over LMA and (optionally) RSI > 50.
SELL Signal: Triggered when HL2 crosses under HMA and (optionally) RSI < 50.
XSB (Extra Strong Buy): HL2 crosses over HMA, is above HLMA, up volume is greater than down volume, and (optionally) RSI > 50.
XBS (Extra Strong Sell): HL2 crosses under LMA, is below HLMA, down volume is greater than up volume, and (optionally) RSI < 50.
Enable/Disable XSB/XBS: You can turn these signals on or off via script inputs.
4. Take Profit (TP) and Stop Loss (SL) Levels
TP and SL are dynamically calculated based on the difference between HMA and LMA, providing contextually relevant exit levels.
5. Regression Channel and Prediction
Linear Regression Line: Plots a regression line over the lookback period to show the underlying trend.
ATR Channel: Adds an upper and lower channel around the regression line using ATR (Average True Range) for a realistic prediction envelope.
Forward Projection: Projects the regression line forward by a user-defined number of bars, visually showing where the trend could extend if current momentum persists.
6. Pattern Recognition
Higher Highs/Lows and Lower Highs/Lows: Marks bars where new higher highs/lows or lower highs/lows are set, helping you spot trend continuation or reversal points.
7. Status Table
A table shows the current price’s relationship to HMA, HLMA, and LMA, color-coded for quick visual interpretation.
User Instructions
Inputs
Number of Lookback Bars: Sets the period for all moving averages and regression calculations.
Prediction Length: (Legacy; not used in current logic.)
TURN ON OR OFF XSB/XBS Signal: Toggle extra strong buy/sell signals.
Enable RSI Filter: Only allow signals when RSI is in the correct zone.
RSI Period: Sets the sensitivity of the RSI filter.
Table Position: Choose where the status table appears on your chart.
ATR Length & Multiplier: Control the width of the regression prediction channel.
Bars Forward (Projection): Number of bars to project the regression line into the future.
How to Use
Add the script to your TradingView chart.
Adjust inputs to suit your asset and timeframe.
Interpret signals:
BUY (B) and SELL (S): Appear as green/red labels below/above bars.
XSB (blue) and XBS (orange): Indicate extra strong buy/sell conditions.
HH/HL (green triangles): New higher highs/lows.
LH/LL (red triangles): New lower highs/lows.
Watch the regression channel: The yellow regression line shows the trend; the shaded band indicates expected volatility.
Check the projection: The dashed magenta line projects the regression trend forward, giving a visual target for price continuation.
Use the table: Quickly see if price is above or below each moving average.
Interpreting the Prediction Aspects
Regression Line & Channel
Regression Line (Yellow): Represents the best-fit line of price over the lookback period, showing overall trend direction.
ATR Channel: The upper and lower bands (yellow, semi-transparent) account for typical volatility, suggesting a range where price is likely to stay if the trend continues.
Forward Projection
Dashed Magenta Line: Projects the regression line forward by the specified number of bars, using the current slope. This is a trend continuation forecast—not a guarantee, but a statistically reasonable path if current conditions persist.
How to use: If price is respecting the regression trend and within the channel, the projection provides a visual target for where price might go in the near future.
TP/SL Levels
TP (Take Profit): Suggests a price target above the current HL2, based on recent volatility.
SL (Stop Loss): Suggests a protective stop below HL2.
Best Practices & Warnings
No indicator is perfect! Always combine signals with your own analysis and risk management.
Regression projection is not a crystal ball: It simply extends the current trend, which can and will change, especially after big news or at support/resistance.
Use on liquid, trending assets for best results.
Adjust lookback and ATR settings for your market and timeframe.
Summary Table Example
Price vs HMA vs HLMA vs LMA
43000 +100 +50 -20
Green: Price is above average (bullish).
Red: Price is below average (bearish).
Yellow: Price is very close to the average (neutral).
Final Notes
This script is designed to be a multi-tool for trend trading and prediction, combining classic and modern techniques. The forward projection helps visualize possible future price action, while signals and overlays keep you informed of trend shifts and trade opportunities.
My scriptProprietary by Yogesh Bhosale
Supertrend (by KivancOzbilgic)
QQE MOD (by Mihkel00)
UT Bot Alerts (by QuantNomad)
Pivot Reversal Strategy (built-in)
EMA 21 & EMA 200 (built-in Moving Average, set length manually)
Money Printer 1.0bollinger band candle body closes, while using the 100,200 ema for shorts, longs, take profit at the middle of the bollinger bands
3 Bullish Candles + No Wick + SL unter BoS (Swing Low)1m strategie basierend auf price action and volume candle sticks
Reversal Strategy with MTF S/R, MACD, RSI, Doji + SL/TP + ArrowsHere is a comprehensive Python trading strategy script using 15-minute, 1-hour, and 4-hour support/resistance, combined with MACD, RSI, and Doji candlestick reversal detection. This script uses Pandas, TA-Lib (or ta), and Plotly/Matplotlib for analysis and visualization. Arrows are plotted where Doji reversal patterns occur.
support_1h and support_4h are just emulated by increasing the lookback period (20 for 15m, 80 for 1h, 320 for 4h). Ideally, you should resample the data.
The doji detector is basic but effective for small-body candles.
You can enhance signal confirmation by adding volume, Bollinger Bands, or divergence filters.
To integrate with live trading, use ccxt or your broker's API for real-time data and order execution.
Time Range Marker By BCB ElevateThe Time Range Marker is a simple yet powerful visual tool for traders who want to focus on specific time intervals within the trading day. This indicator highlights a custom time range on your chart using a background color, helping you visually isolate key trading sessions or event windows such as:
Market open/close hours
News release periods
High-volatility trading zones
Personal strategy testing windows
⚙️ Key Features:
Customizable start and end time (hour & minute)
Works across all intraday timeframes
Adjustable highlight color to match your chart theme
Built using Pine Script v5 for speed and flexibility
🔧 Settings:
Start Hour / Minute – Set the beginning of the time range (in 24-hour format)
End Hour / Minute – Define when the range ends
Highlight Color – Choose the background color for better visibility
🕒 Timezone Note:
The indicator uses UTC time by default to ensure accuracy across markets. If your broker uses a different timezone (like EST, IST, etc.), the script can be adjusted to reflect your local market hours.
✅ How to Use the Time Range Marker Indicator
This indicator is used to visually highlight a specific time window each trading day, such as:
Market open or close sessions (e.g., NYSE, London, Tokyo)
High-impact news release periods
Custom time slots for strategy testing or scalping
🛠️ Installation Steps
Open TradingView and go to any chart.
Click on Pine Editor at the bottom of the screen.
Copy and paste the full Pine Script (shared above) into the editor.
Click the “Add to Chart” ▶️ button.
The indicator will appear on the chart with a highlighted background during the time range you set.
⚙️ How to Customize the Time Range
After adding the indicator:
Click the gear icon ⚙️ next to the indicator’s name on the chart.
Adjust the following settings:
Start Hour / Start Minute: The beginning of your time range (in 24-hour format).
End Hour / End Minute: When the highlight should stop.
Highlight Color: Pick a color and transparency for visual clarity.
Click OK to apply changes.
🕒 Timezone Consideration
By default, the indicator uses UTC (Coordinated Universal Time).
To match your broker’s timezone (e.g., EST, IST, etc.), you'll need to adjust the script by changing:
sessStart = timestamp("Etc/UTC", ...)
sessEnd = timestamp("Etc/UTC", ...)
to your correct timezone, like "Asia/Kolkata" for IST or "America/New_York" for EST.
Let me know your broker or local timezone, and I’ll update it for you.
📈 Tips for Traders
Combine this with volume, price action, or breakout indicators to focus your strategy on high-probability time windows.
Use multiple versions of this script if you want to highlight more than one time range in a day.
Improved Weinstein Stage AnalysisThe code provides an actionable, disciplined, and visually informative implementation of the “Stage Analysis” approach pioneered by Stan Weinstein, with enhancements to modernize, automate, and clarify the methodology for today’s traders using TradingView. It faithfully follows the workflow recommended: identify long-term cycles, confirm with volume and relative strength, and only engage aggressively with the market during the advancing (bullish) stage with all “clues” aligned.
Sessions with timeframe filter🕒 Smart Timeframe Filtering
This session indicator includes an automatic filter that disables all session boxes when the chart timeframe is greater than the user-defined input. This helps keep higher-timeframe charts clean and focused by hiding intraday sessions when they’re no longer relevant — especially helpful for multi-timeframe traders.
🔍 Features:
📦 Draws up to 3 customizable session boxes with dynamic high/low tracking.
⏱️ Auto-disables on higher timeframes (Smart Timeframe Filter).
🌍 Fully customizable session times, box colors, and time zone (GMT-based).
⚡ Optimized for performance using lightweight, non-overlapping box logic.
👨🍳 UI is organized like a chef’s kitchen: clean, intuitive, and easy to navigate. Settings are grouped and filtered to avoid clutter.
✅ Best Use:
This indicator is most useful for intraday traders on 1m–15m charts.
It’s designed to keep your workspace clean on 30m+ charts or whatever threshold you define.
المتوسط المتحرك الأسي - 3 متوسطاتThe indicator is the same as the exponential moving average indicator, but this one has three averages and is parsed.
PdH e PdL (Dia Anterior)Simple line that shows with labels the Previous day high and previous day low.
Combined Predictive Indicator### Summary
The **Combined Predictive Indicator** is a comprehensive tool designed to provide traders with a multi-faceted view of potential future price action. It merges several well-known analytical concepts into a single, cohesive indicator, helping to identify key levels of support, resistance, and volatility-based price targets.
This script is an amalgamation of two different concepts:
1. A prediction model based on historical range, ATR, and Fibonacci levels.
2. The "Predictive Ranges" concept, which uses an adaptive ATR-based moving average to project dynamic support and resistance zones.
### Key Components
**1. Original Prediction Model:**
* **Bollinger Bands (BB):** Standard volatility bands that help gauge whether prices are high or low on a relative basis.
* **ATR-Based Predicted Range:** A channel calculated using the Average True Range (ATR) and the average historical bar range. This provides a statistically-based estimate of the potential trading range for the next period. The upper band (green) and lower band (red) represent potential bullish and bearish targets.
* **Fibonacci Levels:** Automatically drawn based on the highest high and lowest low over a user-defined lookback period. These classic 0.382 and 0.618 levels act as potential retracement or target zones.
* **HH/LL Markers:** Small triangles appear above or below the price bars to signal a new Highest High (HH) or Lowest Low (LL) within the lookback period, helping to identify shifts in market structure.
**2. Predictive Ranges (PR):**
* This component calculates five dynamic levels based on an adaptive moving average. When the price moves significantly away from the average, the levels recalculate and project new zones.
* **Resistance Levels (PR Upper 1 & 2):** Red zones that indicate potential areas of selling pressure.
* **Support Levels (PR Lower 1 & 2):** Green zones that indicate potential areas of buying pressure.
* **Average (PR Average):** The blue line serves as the centerline or equilibrium point for the ranges.
**3. Data Table:**
* A convenient table is displayed on the top-right of the chart, showing the real-time values of all key predictive levels. This allows for a quick glance without having to hover over the plotted lines.
### How to Use
* **Confluence is Key:** Look for areas where multiple levels from different components overlap. For example, if the `Predicted Upper Range` aligns with a `PR Upper` resistance level and a `Fibonacci` level, it signifies a strong area of potential resistance.
* **Range Trading:** The `Predicted Range` (gray-filled area) can be used to identify the expected volatility. Prices moving outside this range could signal a strong breakout.
* **Trend Confirmation:** Use the `New HH/LL` markers to confirm trend direction. A series of new higher highs and higher lows suggests an uptrend, and vice-versa.
* **Dynamic S/R:** The `Predictive Ranges` are excellent for identifying dynamic support and resistance in trending or ranging markets. Watch for price reactions as it approaches these zones.
### Settings
* **Original Indicators:** Customize the lengths for Bollinger Bands, ATR, and the HH/LL lookback period. Adjust Fibonacci levels if needed.
* **Predictive Ranges:** Adjust the `Length`, `Factor` (multiplier for ATR), `Timeframe`, and `Source` to fine-tune the sensitivity and responsiveness of the PR levels.
*Disclaimer: This indicator is for educational and analytical purposes only. It is not financial advice. Always perform your own due diligence before making any trading decisions.*
Infalible SL y TP estrategy
**🔥 Professional Trend-Following Strategy with Dynamic Risk Management**
#### 📈 **Key Features**
✅ **High-Probability Entries:** Uses **ADX > 25** to trade only strong trending markets.
✅ **Smart Stop Loss:** Dynamic **2x ATR** trailing stop to adapt to volatility.
✅ **2:1 Risk-Reward:** Take Profit levels set at **2x SL distance** for consistent gains.
✅ **Real-Time Visuals:** Auto-updating TP/SL lines and entry markers.
---
#### 🛠 **Indicators Used**
1. **SMAs (14 & 28):** Classic crossover for entry signals.
2. **ADX (14):** Filters trades in strong trends (ADX ≥ 25).
3. **ATR (14):** Calculates stop loss distance (2x ATR).
---
#### ⚙ **Recommended Settings**
- **Markets:** Forex, Crypto, Trending Stocks.
- **Timeframes:** 15min - 4H (day trading) or Daily (swing trading).
- **Customizable:**
- `ATR Multiplier` (default: `2.0`).
- `Risk-Reward Ratio` (default: `2:1`).
---
#### 📉 **Entry/Exit Rules**
🔹 **LONG:**
- When **SMA(14) crosses ABOVE SMA(28)** + **ADX ≥ 25**.
- **SL:** Entry price - (2 x ATR).
- **TP:** Entry price + (4 x ATR).
🔹 **SHORT:**
- When **SMA(14) crosses BELOW SMA(28)** + **ADX ≥ 25**.
- **SL:** Entry price + (2 x ATR).
- **TP:** Entry price - (4 x ATR).
---
#### 🎨 **Clear Visualization**
- Fast SMA (blue) & Slow SMA (red).
- Live TP (green) and SL (red) levels.
---
#### 💡 **Why This Works**
✔ **Fewer False Signals:** ADX filter avoids choppy markets.
✔ **Adaptive Risk:** ATR-based SL adjusts to volatility.
✔ **Professional-Grade:** Strict 2:1 risk-reward discipline.
---
#### 📢 **Backtest & Optimize!**
👉 **Tip:** Tweak `ATR Multiplier` for different assets (e.g., 1.5 for forex, 3 for crypto).
👉 **Pro Tip:** Use TradingView’s **Strategy Tester** to optimize parameters.
📌 **Want a Trailing Stop or Volume Filter? Comment below!**
---
🔹 **Disclaimer:** Past performance ≠ future results. Always backtest before live trading.
---
### 🌟 **Like & Follow for More Advanced Strategies!** 🌟
Combined Time and Price IndicatorThis is what my brain sees. Time slots for good trading hours will colorize candles, green is above yesterday's highs and within the time slot and red is below yesterday's highs and within the time slot I trade
Smart Trend Predictor (EMA + Vol + Volatility)//@version=5
indicator("Smart Trend Predictor (EMA + Vol + Volatility)", overlay=true)
// === Inputs ===
emaFastLength = input.int(20, title="Fast EMA")
emaSlowLength = input.int(50, title="Slow EMA")
volatilityLength = input.int(14, title="Volatility Period")
volumeLength = input.int(20, title="Volume MA Length")
// === Indicators ===
emaFast = ta.ema(close, emaFastLength)
emaSlow = ta.ema(close, emaSlowLength)
volatility = ta.stdev(close - close , volatilityLength)
volumeMA = ta.sma(volume, volumeLength)
// === Signal Conditions ===
buySignal = ta.crossover(emaFast, emaSlow) and volatility > ta.sma(volatility, 14) and volume > volumeMA
sellSignal = ta.crossunder(emaFast, emaSlow) and volatility > ta.sma(volatility, 14) and volume > volumeMA
// === Plot EMAs ===
plot(emaFast, title="Fast EMA", color=color.lime)
plot(emaSlow, title="Slow EMA", color=color.orange)
// === Plot Signals ===
plotshape(buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.arrowup, size=size.small)
plotshape(sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.arrowdown, size=size.small)
Universal Trading Strategy; Entry + ExitBeginner-Friendly Trading Strategy with Automated Alerts.
This strategy is designed for simplicity and clarity, providing automatic trade signals based on three key conditions. It includes both long and short setups, along with clearly defined take profit and stop loss levels using the Donchian Channel.
Long Entry Conditions
A long signal is triggered when all of the following conditions are met:
- The stock price is above the 200-period EMA
- The MACD histogram crosses from negative to positive (momentum shift upwards)
- The Volume Oscillator is positive (above the zero line)
Short Entry Conditions
A short signal is triggered when all of the following conditions are met:
- The stock price is below the 200-period EMA
- The MACD histogram crosses from positive to negative (momentum shift downwards)
- The Volume Oscillator is positive (above the zero line)
Exit Conditions (for both Long and Short)
Positions are closed based on the Donchian Channel:
For long trades:
- Take Profit at the upper Donchian Band
- Stop Loss at the lower Donchian Band
For short trades:
- Take Profit at the lower Donchian Band
- Stop Loss at the upper Donchian Band
Alert & Trade Management
Only one trade is active at a time (no stacking of multiple signals).
Once a trade is entered, no new alerts are triggered until the position is closed.
Alerts are only fired once per entry and once per exit (either TP or SL).
This setup offers a clear, rules-based system suitable for traders seeking structure and minimal noise in their trading decisions.
Short-Indicator + Exit-AlertThis simple yet effective indicator is designed for beginners and provides a clear trading signal when three conditions are met:
- The stock price is below the EMA200, indicating a bearish trend.
- The MACD histogram changes from positive to negative, a signal for momentum reversal from bullish to bearish.
- The Volume Oscillator is positive (above the zero line), suggesting increasing trading activity.
Alert: When all three conditions are fulfilled, an alert is triggered for a potential short entry.
- Take Profit (TP): When the price hits the lower boundary of the Donchian Channel, the trade is exited with a profit.
- Stop Loss (SL): When the price touches the upper boundary of the Donchian Channel, the position is closed to limit losses.
📊 استراتيجية 5 مؤشرات + تنبيهات//@version=5
indicator("📊 استراتيجية 5 مؤشرات + تنبيهات", overlay=true)
// === المؤشرات الأساسية ===
ema20 = ta.ema(close, 20)
ema50 = ta.ema(close, 50)
sma200 = ta.sma(close, 200)
rsi = ta.rsi(close, 14)
volumeNow = volume
volumeAvg = ta.sma(volume, 20)
// === حساب نقاط القوة ===
bullScore = 0
bullScore += close > sma200 ? 1 : 0
bullScore += ema20 > ema50 ? 1 : 0
bullScore += rsi > 55 ? 1 : 0
bullScore += volumeNow > volumeAvg ? 1 : 0
bearScore = 0
bearScore += close < sma200 ? 1 : 0
bearScore += ema20 < ema50 ? 1 : 0
bearScore += rsi < 45 ? 1 : 0
bearScore += volumeNow > volumeAvg ? 1 : 0
// === نسبة السيطرة ===
bullPercent = (bullScore / 4) * 100
bearPercent = (bearScore / 4) * 100
// === إشارات مؤكدة للدخول ===
buySignal = bullPercent >= 100
sellSignal = bearPercent >= 100
// === رسم الإشارات فقط عند تحقق 100% ===
plotshape(buySignal, title="BUY Signal", location=location.belowbar, style=shape.labelup, text="BUY", color=color.green)
plotshape(sellSignal, title="SELL Signal", location=location.abovebar, style=shape.labeldown, text="SELL", color=color.red)
// === عرض النسبة في لابل (اختياري) ===
label.new(bar_index, high, text="🐂 Bulls: " + str.tostring(bullPercent, "#.##") + "%", style=label.style_label_up, size=size.tiny, color=color.green, textcolor=color.white)
label.new(bar_index, low, text="🐻 Bears: " + str.tostring(bearPercent, "#.##") + "%", style=label.style_label_down, size=size.tiny, color=color.red, textcolor=color.white)
// === التنبيهات ===
alertcondition(buySignal, title="✅ تنبيه شراء", message="🚀 تم دخول الثيران بقوة! فرصة شراء مؤكدة.")
alertcondition(sellSignal, title="⚠️ تنبيه بيع", message="🔥 تم دخول الدببة بقوة! فرصة بيع مؤكدة.")
Current Hourly Open Line with Sweep DetectionThis indicator marks out the high and low of the current hourly open candle.
Stats show, if the current hourly candle takes the high or low of the previous 1H candle there is a chance price returns to the hourly open depending on the time the sweep on the high or low occurred.
There is a high chance >75% price returns to hourly open of current candle if the sweep happens in the first 20 minutes.
There is a medium chance 50% price returns to hourly open of current candle if the sweep happens in the 20-40 minute range of the current candle.
There is a low 25% chance if sweep happens from :40-:59 minutes of the hour.
We use this to spot manipulation on the hourly timeframe, we only want to target hourly open if it happens in the first 20 minutes. We then want to trade in opposite direction of the first move of the hourly, w/ context of course.
The indicator / line will change colors based on the time the first sweep occurred. You can change them to how you want. For default, blue is just the hourly open with no sweep yet.
Green means go, and the sweep happens within the first 20 minutes, Yellow is medium chance, and Red is small chance.
Daily 16:45 LineDaily start & end indicator at 16:45. Instead of manually doing it on the charts, it will automatically appears, with no manual labor