Support & Resistance - Volume Based [Splirus]The Support & Resistance - Volume Based indicator is a sophisticated tool designed for TradingView to assist traders in identifying key support and resistance levels based on volume and price action dynamics.
I have used the concept and code of @ChartPrime indicator to perform my own upgrade/Modification.
URL:
Here the main modification I have done from @ChartPrime indicator:
Volume Strength Calculation: I have review the calculation of the Strength of the Volume to have less levels but strength ones.
Extra Levels from Custom Timeframe: I have add the possibility to add extra levels from a Custom TimeFrame to have a better overview of significant level from Higher TimeFrame. So for example you can Set the Extra Levels to Dayly TimeFrame and switch from lower TimeFrame ( 1H / 2H / 4H / ... ) and continue to have on Screen Dayly Levels in Yellow Color
Here’s a breakdown of its functionality:
Core Features:
1. Dynamic Support and Resistance Zones:
Automatically detects and plots support and resistance zones using swing highs and lows.
Zones are calculated based on the Average True Range (ATR) to ensure dynamic adaptability to market volatility.
2. Volume Integration:
Incorporates volume data to validate the strength of support and resistance zones.
Highlights zones where volume activity indicates significant market interest.
3. Customizable Trading Modes:
Offers three trading styles: Scalper, Intraday, and Swing, each with adjustable parameters to suit different timeframes and strategies.
4. Breakout and Retest Detection:
Identifies breakouts above resistance or below support.
Tracks retests of broken levels to confirm their validity as new support or resistance.
5. Multi-Timeframe Analysis:
Includes an option to display custom support and resistance levels derived from higher timeframes for enhanced perspective.
6. Visual Enhancements:
Configurable colors and labels for resistance and support zones.
Displays volume labels and key level annotations for clarity.
Settings Overview:
Trading Settings:
Adjust parameters like swing length and retest bar count to refine level detection.
Visual Settings:
Control the appearance of zones, including width, history retention, and color customization.
Alert Conditions:
Alerts for testing, breaking, and retesting support or resistance zones, ensuring traders never miss critical events.
Usage Scenarios:
Intraday Traders: Quickly identify intraday levels to base entries and exits.
Swing Traders: Utilize historical zones to plan trades around significant support and resistance areas.
Scalpers: Benefit from precise, short-term level detection tailored for high-frequency trading.
This indicator is highly versatile, combining technical precision with visual clarity, making it an essential tool for traders aiming to optimize their decision-making in dynamic markets.
樞軸點和水平
Onky's DikFat Supreme Supply and Demand
Onky's DikFat Supreme Supply and Demand (DFAT S&D)
This indicator identifies and marks potential Demand and Supply zones based on sharp price movements and volume spikes. It is designed to assist traders in recognizing areas where price could potentially reverse or move impulsively, based on the concept of supply and demand.
Key Features:
- Dynamic Demand and Supply Zones : The indicator uses historical price data and sharp price movements to detect areas where demand or supply may be concentrated. The zones are drawn as boxes on the chart for visual reference.
- Volume Spike Detection : The zones are only marked when a volume spike occurs, indicating increased market activity and potentially stronger support or resistance at those levels.
- Adjustable Parameters : Traders can adjust the Zone Size to control the lookback period for detecting supply and demand zones, and can fine-tune the Volume Multiplier to control the sensitivity of volume spikes.
- Alerts : Alerts are available for both Demand and Supply zones when they are detected, allowing traders to be notified when price enters or reacts to these areas.
How Traders Use Supply and Demand Zones:
Supply and Demand Theory suggests that prices often move in response to the balance between the amount of supply (selling pressure) and demand (buying pressure) at specific price levels. When demand exceeds supply, prices tend to rise, and when supply exceeds demand, prices tend to fall.
1. Demand Zones : These are areas where price has previously fallen to a low point and buyers have stepped in, pushing prices higher. Traders may view these zones as potential areas for price to reverse upward again.
2. Supply Zones : These are areas where price has risen to a high point and sellers have stepped in, pushing prices lower. Traders may see these zones as potential areas for price to reverse downward again.
Traders use these zones to identify potential entry points (for buying in demand zones or selling in supply zones) and exit points (if price reaches these zones in the future). The volume spike further validates the strength of these zones, as it indicates heightened market interest at those levels.
This indicator offers a flexible, visual way to identify and act upon these market dynamics. It is neutral and does not guarantee any specific outcomes, but it may assist traders in recognizing important price levels where price action could change.
Disclaimer:
This indicator is provided for informational purposes only. It is not intended to be trading advice or a recommendation to buy or sell any financial instruments. Trading involves risk, and the use of this tool does not guarantee any specific results or profits. Past performance is not indicative of future results. Users are responsible for their own decisions and should seek independent financial advice before making any investment decisions.
Pivot all in onePivot all in one !
Pivot Strength
Pivot Significance
Pivot Distance
Support / Resistance via pivots.
Follow for more, Enjoy !
GOLDEN Trading System by @thejamiulThe Golden Trading System is a powerful trading indicator designed to help traders easily identify market conditions and potential breakout opportunities.
Source of this indicator :
This indicator is built on TradingView original pivot indicator but focuses exclusively on Camarilla pivots, utilising H3-H4 and L3-L4 as breakout zones.
Timeframe Selection:
Before start using it we should choose Pivot Resolution time-frame accordingly.
If you use 5min candle - use D
If you use 15min candle - use W
If you use 1H candle - use M
If you use 1D candle - use 12M
How It Works:
Sideways Market: If the price remains inside the H3-H4 as Green Band and L3-L4 as Red band, the market is considered range-bound.
Trending Market: If the price moves outside Green Band, it indicates a potential up-trend formation. If the price moves outside Red Band, it indicates a potential down-trend formation.
Additional Features:
Displays Daily, Weekly, Monthly, and Yearly Highs and Lows to help traders identify key support and resistance levels also helps spot potential trend reversal points based on historical price action. Suitable for both intraday and swing trading strategies.
This indicator is a trend-following and breakout confirmation tool, making it ideal for traders looking to improve their decision-making with clear, objective levels.
🔹 Note: This script is intended for educational purposes only and should not be considered financial advice. Always conduct your own research before making trading decisions.
Price Imbalance as Consecutive Levels of AveragesOverview
The Price Imbalance as Consecutive Levels of Averages indicator is an advanced technical analysis tool designed to identify and visualize price imbalances in financial markets. Unlike traditional moving average (MA) indicators that update continuously with each new price bar, this indicator employs moving averages calculated over consecutive, non-overlapping historical windows. This unique approach leverages comparative historical data to provide deeper insights into trend strength and potential reversals, offering traders a more nuanced understanding of market dynamics and reducing the likelihood of false signals or fakeouts.
Key Features
Consecutive Rolling Moving Averages: Utilizes three distinct simple moving averages (SMAs) calculated over consecutive, non-overlapping windows to capture different historical segments of price data.
Dynamic Color-Coded Visualization: SMA lines change color and style based on the relationship between the averages, highlighting both extreme and normal market conditions.
Median and Secondary Median Lines: Provides additional layers of price distribution insight during normal trend conditions through the plotting of primary and secondary median lines.
Fakeout Prevention: Filters out short-term volatility and sharp price movements by requiring consistent historical alignment of multiple moving averages.
Customizable Parameters: Offers flexibility to adjust SMA window lengths and line extensions to align with various trading strategies and timeframes.
Real-Time Updates with Historical Context: Continuously recalculates and updates SMA lines based on comparative historical windows, ensuring that the indicator reflects both current and past market conditions.
Inputs & Settings
Rolling Window Lengths:
Window 1 Length (Most Recent) Bars: Number of bars used to calculate the most recent SMA. (Default: 5, Range: 2–300)
Window 2 Length (Preceding) Bars: Number of bars for the second SMA, shifted by Window 1. (Default: 8, Range: 2–300)
Window 3 Length (Third Rolling) Bars: Number of bars for the third SMA, shifted by the combined lengths of Window 1 and Window 2. (Default: 13, Range: 2–300)
Horizontal Line Extension:
Horizontal Line Extension (Bars): Determines how far each SMA line extends horizontally on the chart. (Default: 10 bars, Range: 1–100)
Functionality and Theory
1. Calculating Consecutive Simple Moving Averages (SMAs):
The indicator calculates three SMAs, each based on distinct and consecutive historical windows of price data. This approach contrasts with traditional MAs that continuously update with each new price bar, offering a static view of past trends rather than an ongoing one.
Mean1 (SMA1): Calculated over the most recent Window 1 Length bars. Represents the short-term trend.
Mean1=∑i=1N1CloseiN1
Mean1=N1∑i=1N1Closei
Where N1N1 is the length of Window 1.
Mean2 (SMA2): Calculated over the preceding Window 2 Length bars, shifted back by Window 1 Length bars. Represents the medium-term trend.
\text{Mean2} = \frac{\sum_{i=1}^{N_2} \text{Close}_{i + N_1}}}{N_2}
Where N2N2 is the length of Window 2.
Mean3 (SMA3): Calculated over the third rolling Window 3 Length bars, shifted back by the combined lengths of Window 1 and Window 2 bars. Represents the long-term trend.
\text{Mean3} = \frac{\sum_{i=1}^{N_3} \text{Close}_{i + N_1 + N_2}}}{N_3}
Where N3N3 is the length of Window 3.
2. Determining Market Conditions:
The relationship between the three SMAs categorizes the market condition into either extreme or normal states, enabling traders to quickly assess trend strength and potential reversals.
Extreme Bullish:
Mean3Mean2>Mean1
Mean3>Mean2>Mean1
Indicates a strong and sustained downward trend. SMA lines are colored purple and styled as dashed lines.
Normal Bullish:
Mean1>Mean2andnot in extreme bullish condition
Mean1>Mean2andnot in extreme bullish condition
Indicates a standard upward trend. SMA lines are colored green and styled as solid lines.
Normal Bearish:
Mean1Mean2>Mean1
Mean3>Mean2>Mean1
Normal Bullish:
Mean1>Mean2andnot in Extreme Bullish
Mean1>Mean2andnot in Extreme Bullish
Normal Bearish:
Mean1 Mean2 > Mean3
Visualization: All three SMAs are displayed as gold dashed lines.
Median Lines: Not displayed to maintain chart clarity.
Interpretation: Indicates a strong and sustained upward trend. Traders may consider entering long positions, confident in the trend's strength without the distraction of additional lines.
2. Normal Bullish Condition:
SMAs Alignment: Mean1 > Mean2 (not in extreme condition)
Visualization: Mean1 and Mean2 are green solid lines; Mean3 is gray.
Median Lines: A thin blue dotted median line is plotted between Mean1 and Mean2, with two additional thin blue dashed lines as secondary medians.
Interpretation: Confirms an upward trend while providing deeper insights into price distribution. Traders can use the median and secondary median lines to identify optimal entry points and manage risk more effectively.
3. Extreme Bearish Condition:
SMAs Alignment: Mean3 > Mean2 > Mean1
Visualization: All three SMAs are displayed as purple dashed lines.
Median Lines: Not displayed to maintain chart clarity.
Interpretation: Indicates a strong and sustained downward trend. Traders may consider entering short positions, confident in the trend's strength without the distraction of additional lines.
4. Normal Bearish Condition:
SMAs Alignment: Mean1 < Mean2 (not in extreme condition)
Visualization: Mean1 and Mean2 are red solid lines; Mean3 is gray.
Median Lines: A thin blue dotted median line is plotted between Mean1 and Mean2, with two additional thin blue dashed lines as secondary medians.
Interpretation: Confirms a downward trend while providing deeper insights into price distribution. Traders can use the median and secondary median lines to identify optimal entry points and manage risk more effectively.
Customization and Flexibility
The Price Imbalance as Consecutive Levels of Averages indicator is highly adaptable, allowing traders to tailor it to their specific trading styles and market conditions through adjustable parameters:
SMA Window Lengths: Modify the lengths of Window 1, Window 2, and Window 3 to capture different historical trend segments, whether focusing on short-term fluctuations or long-term movements.
Line Extension: Adjust the horizontal extension of SMA and median lines to align with different trading horizons and chart preferences.
Color and Style Preferences: While default colors and styles are optimized for clarity, traders can customize these elements to match their personal chart aesthetics and enhance visual differentiation.
This flexibility ensures that the indicator remains versatile and applicable across various markets, asset classes, and trading strategies, providing valuable insights tailored to individual trading needs.
Conclusion
The Price Imbalance as Consecutive Levels of Averages indicator offers a comprehensive and innovative approach to analyzing price trends and imbalances within financial markets. By utilizing three consecutive, non-overlapping SMAs and incorporating median lines during normal trend conditions, the indicator provides clear and actionable insights into trend strength and price distribution. Its unique design leverages comparative historical data, distinguishing it from traditional moving averages and enhancing its utility in identifying genuine market movements while minimizing false signals. This dynamic and customizable tool empowers traders to refine their technical analysis, optimize their trading strategies, and navigate the markets with greater confidence and precision.
Multi-Timeframe RSI (editable time frame and RSI value)This is simple multi time frame RSI in one pane to see how different time frame RSI is moving and what is happening on other time frame.
A use case I like is when on bigger time frame say daily time frame a stock gets oversold and in smaller time frame its going up then what can be the low risk entry found on the smaller time frame.
I combine this with other tool like EMA or sling shot to get validation
AI-✘✔ Многоуровневый VWAP – рассчитывает VWAP для разных временных периодов (день, неделя,
✔ Полосы отклонения (Bands) – вычисляет верхнюю и нижнюю границы VWAP.
✔ Анализ сессий (Tokyo, London, New York) – определяет активные торговые сессии и строит коробки на графике.
✔ Таблица информации – отображает время начала и окончания каждой сессии.
✔ Объемный профиль (Volume Profile) – анализирует распределение объема по уровням цены.
✔ Исторические уровни VWAP – строит прошлые уровни VWAP для анализа поведения цены.
✔ Кастомизация – множество параметров для тонкой настройки.
WSGTA IndicatorsThis set of indicators includes all of the items used in the WSGTA trading system. It will have the vwap added eventually, but currently holds the following EMA's -- 9, 15, 30, 65, 200; as well as the previous day/week HLC along with pivots.
Lookback SequentialLookback Sequential Indicator - Summary
The Lookback Sequential indicator is a momentum-based tool that tracks price trends using a counting system. It compares the current closing price with the closing price from a user-defined number of bars ago (lookback period).
If the current close is higher than the close from the lookback period, the counter increments (bullish trend).
If the current close is lower, the counter resets to 1 and starts counting again (bearish trend).
Key Features:
Customizable Colors – Bullish numbers appear in a user-defined color (e.g., green), and bearish numbers in another (e.g., red).
Dynamic Placement – The numbers are displayed below the candle in an uptrend and above in a downtrend to visually differentiate trends.
Resets at 1 – When the price trend reverses, the counting sequence resets, ensuring accurate tracking of price momentum.
This indicator helps traders identify market trends, potential reversals, and momentum strength in a simple, visual format.
TB: Main-indicators🔥 Этот индикатор – мощный инструмент для трейдинга!
✔ Определяет тренд с помощью Supertrend и EMA.
✔ Автоматически строит уровни поддержки/сопротивления.
✔ Дает чёткие сигналы входа (LONG/SHORT).
🎯 Используй стратегию с мани-менеджментом и стоп-лоссами для максимальной эффективности! 🚀📊
Supply and Demand Sniper [Wagmi-lab]Supply and Demand Sniper by Wagmi Lab
Supply and Demand Sniper is a cutting-edge TradingView indicator designed to help traders identify key supply and demand zones with precision and clarity. Built with advanced algorithms and a futuristic visual design, this tool is perfect for traders who want to stay ahead of the market by spotting high-probability trading opportunities.
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Key Features:
1. Accurate Zone Detection:
- Automatically identifies bullish demand zones(accumulation) and bearish supply zones(distribution) based on volume and price action.
- Uses pivot points and volume analysis to ensure reliable zone detection.
2. Customizable Settings:
- Adjust the length of volume pivots to fine-tune zone detection. (6 is a standard H4 timeframe tuning)
- Choose between wick-based or close-based mitigation methods for zone invalidation.
- Customize the style and width of the **average line** (solid, dashed, or dotted).
3. Real-Time Alerts:
- Receive instant alerts when new zones are formed or invalidated.
- Stay informed with notifications for **bullish demand zones**, **bearish supply zones**, and their respective mitigations.
4. User-Friendly Interface:
- Easy-to-read zones with clear visual boundaries and labels.
- Designed for both beginners and advanced traders.
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How It Works:
The indicator analyzes price action and volume to identify areas where significant buying (demand) or selling (supply) has occurred. These zones act as potential reversal points, providing traders with actionable insights for entering or exiting trades.
- Demand Zones (Green): Areas where buying pressure is likely to push prices higher.
- Supply Zones (Red): Areas where selling pressure is likely to push prices lower.
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Perfect For:
- Day Traders: Identify intraday supply and demand levels for quick, high-probability trades.
- Swing Traders: Spot key zones for longer-term price reversals.
- All Markets: Works seamlessly on forex, stocks, crypto, and commodities.
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Disclaimer: This indicator is for educational and informational purposes only. Past performance is not indicative of future results. Always trade responsibly and use proper risk management.
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Pua's Weekly TemplateThis indicator plots the Current weekly open and uses the first day of the week as the opening range for the week. It plots the high, low and median for this range as well as standard deviations.
Multi-Timeframe Open/Close LevelsThis level indicator can be used to help traders understand where Weekly, Daily, and 4 Hour closures happen. It allows level traders to buy at support and sell at resistance for most of their trades. As they understand where price action will move to, they can assume a price point will likely reverse or congest at different levels.
Example would be a seeing a weekly level directly above your current price action, therefore you will make your decision to short at the weekly level and allow your stop loss to be just over the weekly level.
Advanced Order Blocks with VolumeAdvanced Order Blocks with Volume Indicator
This professional-grade indicator combines order block detection with sophisticated volume analysis to identify high-probability trading opportunities. It automatically detects and displays bullish and bearish order blocks formed during consolidation periods, enhanced by three distinct volume calculation methods (Simple, Relative, and Weighted).
Key Features:
- Smart consolidation detection with customizable thresholds
- Volume-filtered order blocks to avoid false signals
- Automatic order block mitigation tracking
- Clear visual presentation with volume metrics
- Flexible customization options for colors and parameters
Settings:
Core Parameters:
- Consolidation Threshold %: Sets the maximum price range (0.1-1.0%) for detecting consolidation zones
- Lookback Period: Number of bars (2-10) to analyze for consolidation patterns
Volume Analysis:
- Volume Calculation Method: Choose between Simple (basic average), Relative (compared to average), or Weighted (prioritized recent volume)
- Volume Lookback Period: Historical bars (5-100) used for volume analysis
- Volume Threshold Multiplier: Minimum volume requirement (1.0-5.0x) for valid order blocks
Visual Settings:
- Bullish/Bearish OB Color: Background colors for order blocks
- Bullish/Bearish OB Text Color: Colors for volume information display
Perfect for traders focusing on institutional price levels and volume-based trading strategies. The indicator helps identify potential reversal zones with strong institutional interest, validated by significant volume conditions.
Pivot Points with Mid-Levels AMMOThis indicator plots pivot points along with mid-levels for enhanced trading insights. It supports multiple calculation types (Traditional, Fibonacci, Woodie, Classic, DM, and Camarilla) and works across various timeframes (Auto, Daily, Weekly, Monthly, Quarterly, Yearly).
Key Features:
Pivot Points and Support/Resistance Levels:
Displays the main Pivot (P), Resistance Levels (R1, R2, R3), and Support Levels (S1, S2, S3).
Each level is clearly labeled for easy identification.
Mid-Levels:
Calculates and plots mid-levels between:
Pivot and R1 (Mid Pivot-R1),
R1 and R2 (Mid R1-R2),
R2 and R3 (Mid R2-R3),
Pivot and S1 (Mid Pivot-S1),
S1 and S2 (Mid S1-S2),
S2 and S3 (Mid S2-S3).
Customizable Options:
Line Widths: Adjust the thickness of pivot, resistance, support, and mid-level lines.
Colors: Set different colors for pivot, resistance, support, and mid-level lines.
Timeframes: Automatically adjust pivot calculations based on the chart's timeframe or use a fixed timeframe (e.g., Weekly, Monthly).
Visual Labels:
Each level is labeled (e.g., Pivot, R1, Mid Pivot-R1) for quick identification on the chart.
How to Use:
Use this indicator to identify key price levels for support, resistance, and potential reversals.
The mid-levels provide additional zones for better precision in entries and exits.
This tool is ideal for traders who rely on pivot points for intraday trading, swing trading, or long-term trend analysis. The clear labels and customizable settings make it a versatile addition to your trading strategy.
VFV Correction Levels
This Pine Script, "VFV Correction Levels," identifies significant daily price corrections and calculates corresponding investments based on fixed thresholds (paliers). Key features include:
Six predefined correction levels trigger investments between $150 and $600 based on the percentage drop.
Larger corrections correspond to higher investment amounts.
Graphical Indicators:
Visual labels mark correction levels and display investment amounts directly on the chart.
Investment Tracking:
Calculates total invested and tracks performance (yield percentage) relative to the initial correction price.
Vitaliby- NWE + RSIОписание индикатора "Vitaliby- NWE + RSI"
Nadaraya-Watson Envelope (NWE):
Огибающая: Индикатор строит огибающую вокруг цены, используя сглаживание на основе гауссового окна. Это помогает определить уровни поддержки и сопротивления.
Параметры: Вы можете настроить ширину гауссового окна и множитель для огибающей.
Relative Strength Index (RSI):
Индекс: RSI измеряет скорость изменения цены и определяет, перекуплен или перепродан актив.
Параметры: Вы можете настроить длину периода для расчета RSI, а также уровни перекупленности и перепроданности.
Взаимодействие NWE и RSI:
Фильтрация сигналов: Индикатор использует RSI для фильтрации сигналов пересечения огибающей. Например, сигнал на продажу будет учитываться только если RSI находится в зоне перекупленности (выше 70).
Режимы:
Режим перерисовки: Включение этого режима позволяет индикатору обновлять свои значения на основе новых данных, что может привести к изменению исторических значений. Отключение этого режима фиксирует исторические значения, что делает индикатор более стабильным.
Режим отображения: Вы можете настроить цвета и стили отображения индикатора, чтобы он лучше соответствовал вашему торговому стилю и предпочтениям.
Использование:
Сигналы: Индикатор отображает стрелки на графике, когда цена пересекает огибающую и RSI находится в соответствующей зоне.
Настройки: Вы можете включить или отключить режим перерисовки, а также настроить цвета и стили отображения.
Этот индикатор помогает трейдерам принимать более обоснованные решения, используя комбинацию сглаженных данных и индекса относительной силы.
Unified Trading System with Pivot SignalsIchimoku Cloud, S/R, Volume.
This strategy counts all that 3 channels and gives unified signal
LIT - Super Indicator by NoronFX - Cup TradesThis is a powerful indicator designed for liquidity traders, bringing together all the essential tools for professional trading. It includes:
The main market sessions
Mitigation minutes
Key liquidity points such as PDH/PDL, PWH/PWL, and PMH/PML
An intelligent checklist
Customizable features like a watermark and configurable labels.
TIME & PRICE THEORY BY ICT ADVANCEDHello
indicator designed and developed by Viper them in ICT Advance channel.
This indicator has some ICT concepts.
This indicator shows daily kil zones along with high and low.
Official Lins Bank ZonesThis indicator finds the current price and dynamically plots bank zone levels that's incremented by 25, 50, or 100 pips.
Levels are displayed on all time frames and will work for ALL forex pairs and indices.
How to use this indicator.
Select Pair - Choose the same broker and pair that's in your watchlist
Increment By - Plots lines in increments of 25, 50, or 100 pips
Swing High/Low (ZigZag) [ChartPrime]Swing High/Low (ZigZag) Indicator
The Swing High/Low (ZigZag) Indicator is a versatile tool for identifying and visualizing price swings, swing highs, and swing lows. It dynamically plots levels for significant price points while connecting them with a ZigZag line, enabling traders to analyze market structure and trends with precision.
⯁ KEY FEATURES
Swing Highs and Lows Detection
Accurately detects and marks swing highs and lows, providing a clear structure of market movements.
Real-Time ZigZag Line
Connects swing points with a dynamic ZigZag line for a visual representation of price trends.
Customizable Swing Sensitivity
Swing length input allows traders to adjust the sensitivity of swing detection to match their preferred market conditions.
Swing Levels with Shadows
Option to display swing levels with extended shadows for better visibility and market analysis.
Broken Levels Marking
Tracks and visually updates levels as dashed lines when broken, providing insights into shifts in market structure.
Swing Direction Display
At the top-right corner, the indicator displays the current swing direction (up or down) with a directional arrow for quick reference.
Interactive Labels
Marks swing levels with labels, showing the price of swing highs and lows for added clarity.
Dynamic Market Structure Analysis
Automatically adjusts ZigZag lines and levels as the market evolves, ensuring real-time updates for accurate trading decisions.
⯁ HOW TO USE
Analyze Market Trends
Use the ZigZag line and swing levels to identify the overall direction and structure of the market.
Spot Significant Price Points
Swing highs and lows act as potential support and resistance levels for trading opportunities.
Adjust Swing Sensitivity
Modify the swing length setting to match your trading strategy, whether scalping, day trading, or swing trading.
Monitor Broken Levels
Use the dashed lines of broken levels to identify changes in market dynamics and potential breakout or breakdown zones.
Plan Entries and Exits
Leverage swing levels and direction to determine optimal entry, stop-loss, and take-profit points.
⯁ CONCLUSION
The Swing High/Low (ZigZag) Indicator is a powerful tool for traders seeking to visualize price swings and market structure. Its real-time updates, customizable settings, and dynamic swing direction make it an invaluable resource for technical analysis and decision-making.
