Hit-That_Mark Indicatora more complex calculation that i would love to share but some people out there don't like it if people learn to think and use Qwen Max to make their ideas better
looking at you D. Mark, if you catch my drift. You can't steal an idea...but you can sure slap down others for trying to better themselves
....
you go over the red....guess what but down
go under the green....guess what but up
diverge to your peril and feel the rath of the charts
樞軸點和水平
🔄 TRIX Divergence Indicator🚀 TRIX Divergence Indicator: Your Multi-Timeframe Edge! 📊
Hey there, traders! Ready to supercharge your analysis? Let’s dive into what makes the TRIX Divergence Indicator so special! ✨
🔍 Multi-Timeframe Analysis: See The WHOLE Picture!
Ever feel like you’re missing something important when analyzing just one timeframe? Problem solved! 🎯
This indicator gives you a complete 3D view of the market by showing TRIX across three key timeframes simultaneously:
📈 Current Timeframe - What you’re looking at right now
📉 Higher Timeframe - The bigger trend (your roadmap!)
📊 Lower Timeframe - For precision timing (nail those entries!)
⚙️ Customize Your View
Choose exactly what you want to see with these easy options:
💡 Pro Tip!
When TRIX lines align across multiple timeframes, that’s your high-probability setup! It’s like getting multiple expert opinions all saying “TAKE THIS TRADE!” 🎯
🔮 Divergence Detection: Spot Reversals & Continuations Like a Pro!
Not just regular divergences - this indicator catches EVERYTHING! 🕵️♂️
🌈 Four Powerful Divergence Types:
Regular Bullish Divergence (Yellow) ⬆️
Price making lower lows but TRIX making higher lows
Translation: “This downtrend is running out of steam!”
Regular Bearish Divergence (Blue) ⬇️
Price making higher highs but TRIX making lower highs
Translation: “This uptrend is losing momentum!”
Hidden Bullish Divergence (Green) 🔄⬆️
Price making higher lows but TRIX making lower lows
Translation: “This pullback is a buying opportunity!”
Hidden Bearish Divergence (Red) 🔄⬇️
Price making lower highs but TRIX making higher highs
Translation: “This bounce is a selling opportunity!”
🔥 Hidden Divergences: Your Secret Weapon!
While everyone else is just looking for reversals, you’ll be spotting perfect trend continuation entries with hidden divergences! 😎
✅ Perfect Entry Timing during pullbacks
✅ Confirmation that the trend remains strong
✅ Reduced Risk by entering with the primary trend
✅ Better Risk/Reward by entering near support/resistance
🧩 Putting It All Together: Real Trading Strategies
🏄♂️ The Trend Surfer Strategy:
Use higher timeframe TRIX to identify the main trend (above/below zero)
Wait for a pullback in the trend
Look for hidden divergence on current timeframe
Enter when price resumes in trend direction
Ride the wave! 🌊
🔄 The Reversal Hunter Strategy:
Spot regular divergence on current timeframe
Confirm with regular divergence on higher timeframe too
Wait for TRIX to cross its signal line
Enter your counter-trend position
Catch the turning point before others see it! 🎣
⚡ Quick-Start Settings for Different Trading Styles
🏆 Balanced Profile (Most Popular!)
TRIX Length: 17
Signal Length: 14
Pivot Period: 5
TRIX Display: CURRENT+UPPER
TRIX Divergence: CURRENT+UPPER
Min Bars Between Divs: 10
Min Div Strength: 1.5
Use Scoring System: true
Min Score: 3.5
🐢 Trend Following Profile
TRIX Length: 21
Signal Length: 17
Pivot Period: 6
TRIX Display: CURRENT+UPPER
TRIX Divergence: CURRENT+UPPER
Min Bars Between Divs: 8
Min Div Strength: 1.2
Use Scoring System: true
Min Score: 3.0
⚡ Scalping Profile
TRIX Length: 9
Signal Length: 6
Pivot Period: 3
TRIX Display: CURRENT+LOWER
TRIX Divergence: CURRENT+LOWER
Min Bars Between Divs: 5
Min Div Strength: 0.8
Use Scoring System: false
Last Divergence: true
💪 Why This Indicator Gives You an Edge
👁️ See What Others Can’t with multi-timeframe analysis
🎯 Catch Perfect Entries with hidden divergences
🚦 Filter Out Noise with the smart scoring system
🧠 Trade With Confidence knowing you’re aligned with the bigger picture
📱 Save Time by having everything you need in one indicator
🔍 Pro Tips for Maximizing Results
💡 Look for “stacked” divergences across multiple timeframes - these are the strongest signals!
💡 Use hidden divergences for trend trades and regular divergences for reversals
💡 When TRIX crosses zero in the higher timeframe, that’s a major trend shift!
💡 Thicker divergence lines = stronger signals (the indicator shows this automatically!)
💡 Adjust Min Div Strength higher in choppy markets to filter out false signals
Ready to see the market in a whole new dimension? The TRIX Divergence Indicator doesn’t just show you what’s happening now - it reveals what’s likely to happen NEXT! 🚀
Happy trading, and may your charts be full of perfect divergences! 📈✨
Wick-to-Body Percentagewick to body percentage indicator, used for finding rejections from potential entry zones. quantifiable data useful for back testing and finding repeatable set ups
Wick Highlighter- Description
This script is a custom Multi-Wick Zone Highlighter that detects and highlights significant candle wicks on your chart. It is designed to work across multiple timeframes and uses time‑anchored boxes to “stick” to the original wick levels, ensuring that highlighted zones remain fixed even when panning or zooming the chart.
- Key Features
Wick Detection:
The script examines each candle to determine whether its upper or lower wick exceeds a user‑defined minimum size. Only wicks that meet or exceed this threshold are considered significant and trigger the creation of a highlight zone.
Zone Creation and Removal:
When a qualifying wick is detected, the script creates a colored zone (using anchored boxes) that spans from the wick tip to the candle’s body (top for upper wicks and bottom for lower wicks). Each zone remains visible until it is “filled” by subsequent price action. The fill condition is determined by a user‑adjustable fill percentage. For example, setting the fill percentage to 100% will remove the zone once the next candle’s high (for an upper wick) or low (for a lower wick) reaches the corresponding body level.
Multiple Zones:
This indicator supports multiple simultaneous zones. Each wick that qualifies is independently tracked and will not be overwritten by a later candle unless its fill condition is met. Separate flags ensure that if a candle fills an existing zone on one side, it does not create a new zone on that same side, maintaining clarity on your chart.
Time-Anchored Positioning:
To keep zones properly anchored even when you change timeframes or pan the chart, the script uses the bar’s time value rather than the bar index. This ensures that each zone remains fixed to the specific price levels where the wick was detected.
- Usage Notes
User-Adjustable Inputs:
Minimum Wick Size (Points): Set the minimum wick length to trigger a zone.
Wick Fill Percentage (%): Set the percentage into the wick at which the zone is considered filled and will be removed.
Zone Extend Bars: Control how far to the right (in terms of bars) each zone is extended.
Ideal For:
Traders who wish to visually identify key price zones based on significant candle wicks, and who require these zones to remain fixed and clear on the chart until they are actively filled by subsequent price movement.
Liquidations Levels [RunRox]📈 Liquidation Levels is an indicator designed to visualize key price levels on the chart, highlighting potential reversal points where liquidity may trigger significant price movements.
Liquidity is essential in trading - price action consistently moves from one liquidity area to another. We’ve created this free indicator to help traders easily identify and visualize these liquidity zones on their charts.
📌 HOW IT WORKS
The indicator works by marking visible highs and lows, points widely recognized by traders. Because many traders commonly place their stop-loss orders beyond these visible extremes, significant liquidity accumulates behind these points. By analyzing trading volume and visible extremes, the indicator estimates areas where clusters of stop-loss orders (liquidity pools) are likely positioned, giving traders valuable insights into potential market moves.
As shown in the screenshot above, the price aggressively moved toward Sell-Side liquidity. After sweeping this liquidity level for the second time, it reversed and began targeting Buy-Side liquidity. This clearly demonstrates how price moves from one liquidity pool to another, continually seeking out liquidity to fuel its next directional move.
As shown in the screenshot, price levels with fewer anticipated trader stop-losses are indicated by less vibrant, faded colors. When the lines become more saturated and vivid, it signals that sufficient liquidity - in the form of clustered stop-losses has accumulated, potentially attracting price movement toward these areas.
⚙️ SETTINGS
🔹 Period – Increasing this setting makes the marked highs and lows more significant, filtering out minor price swings.
🔹 Low Volume – Select the color displayed for low-liquidity levels.
🔹 High Volume – Select the color displayed for high-liquidity levels.
🔹 Levels to Display – Choose between 1 and 15 nearest liquidity levels to be shown on the chart.
🔹 Volume Sensitivity – Adjust the sensitivity of the indicator to volume data on the chart.
🔹 Show Volume – Enable or disable the display of volume values next to each liquidity level.
🔹 Max Age – Limits displayed liquidity levels to those not older than the specified number of bars.
✅ HOW TO USE
One method of using this indicator is demonstrated in the screenshot above.
Price reached a high-liquidity level and showed an initial reaction. We then waited for a second confirmation - a liquidity sweep followed by a clear market structure break - to enter the trade.
Our target is set at the liquidity accumulated below, with the stop-loss placed behind the manipulation high responsible for the liquidity sweep.
By following this approach, you can effectively identify trading opportunities using this indicator.
🔶 We’ve made every effort to create an indicator that’s as simple and user-friendly as possible. We’ll continue to improve and enhance it based on your feedback and suggestions in the future.
Advanced Market Structure & Order Blocks (fadi)Advanced Market Structure & Order Blocks indicator provides a new approach to understanding price action using ICT (Inner Circle Trader) concepts related to candle blocks to analyze the market behavior and eliminate much of the noise created by the price action.
This indicator is not intended to provide trade signals, it is designed to provide the traders with to support their trading strategies and add clarity where possible.
There are currently three main elements to this indicator:
Market Structure
Order Blocks
Liquidity Voids
Market Structure
In trading, market structure is often identified by observing higher highs and higher lows. An uptrend is characterized by a series of higher highs, where each peak surpasses the previous one, and higher lows, where each trough is higher than the preceding one. Conversely, a downtrend is marked by lower highs and lower lows.
Other indicators usually determine these peaks by calculating the highest or lowest levels within a predefined number of candles. For example, identifying the highest price level within the last 15 candles and marking it as a higher high or a lower high. While this approach offers some structure to price action, it can be arbitrary and random due to price fluctuations and the lack of proper structure analysis beyond finding the highest peaks and valleys within candle ranges.
In his 2022 mentorship, episode 12, ICT introduced an alternative approach focusing on three-candle pivots called Short Term High and Low (STH/STL), which are then used to calculate the Intermediate Term High and Low (ITH/ITL), and in turn, the Long Term High and Low (LTH/LTL). ICT’s approach provides better structure than the traditional method mentioned above. However, it can be confusing and difficult to track. There are great indicators that track and label ICT’s levels, but traders still find it challenging to follow and understand.
The Advanced Market Structure indicator takes a unique approach by analyzing candle formations, using ICT concepts, to identify possible turning points that mimic a real trader’s analysis of price action as closely as possible. However, it should be expected that Market Makers may use market manipulation to induce traders to make failed trades, and no tooling can eliminate these situations.
Advanced Market Structure tracks true Peaks and Valleys as they form, confirms them, and marks the chart with corresponding labels using traditional labeling methods (HH/HL/LH/LL), as such labeling makes it easier for traders to follow and understand. The indicator also draws levels to help identify possible liquidity areas and trade targets.
The indicator uses different calculation methods for the different type of market structure length, however all calculations are based on the same ICT candle blocks concepts.
Market Structure Settings
Other than the display settings, there are four (4) settings, mainly under the Level Settings section.
Allow Nested Candles
This option is only available on the Short Market Structure due to the methods used in calculating highs and lows. When used, the indicator will attempt to detect smaller fluctuations in price by tracking smaller candle moves, if any.
Level Settings
Level Settings allows the trader to decide two main calculations:
1. A new pivot point will form when a candle’s is crossed by the following candle’s
2. For a liquidity sweep and marking a level as mitigated, a candle’s must cross that level
Order Blocks
ICT (Inner Circle Trader) defines an Order Block as the last down-closing candle, or series of candles, before a significant upward price move or the last up-closing candle, or series of candles, before a significant downward price move. These key price levels, marked by substantial buy or sell orders from institutional traders or "smart money," create a block or zone on the price chart. When the price revisits these levels, it often leads to a strong market reaction. Order Blocks can consist of one or multiple consecutive candles of the same color, signaling areas of significant buying or selling interest. ICT's approach to Order Blocks provides traders with a structured method to identify potential areas of support or resistance, where price movements are more likely to change direction. Although ICT has shared some criteria for identifying Order Blocks publicly, the full details are reserved for his upcoming books. This indicator leverages the publicly available information to provide traders with valuable insights into these crucial price levels.
The Advanced Market Structure indicator is designed to be highly flexible, allowing traders to define their own combination of rules for identifying Order Blocks, thus customizing it to fit their unique trading strategies.
Order Block Configuration
Can be nested
An Order Block is defined as the last down candle or candles before a strong move higher, and vice versa for bearish Order Blocks. However, larger-than-usual candles resulting from news events or price action may not qualify as Order Blocks and can mute any Order Block within their range.
The "Can be nested" flag ensures that each Order Block is treated as an independent entity, even if it appears within the body of another Order Block.
Forms at swing point
Order Blocks formed at swing points typically have higher probabilities but are less frequent, assuming the same rules are applied. Additionally, Order Blocks at swing points may become Breaker and Mitigation blocks if they fail, providing more trading opportunities.
Forms a simple pivot point
A simple pivot point corresponds to ICT Short Term High and Low (STH/STL). Order Blocks using simple pivot points can occur in the middle of a move, not just at swing points. These are useful for identifying IOFED setups and supporting blocks that can bolster the price move.
Causes Market Structure Shift
Order Blocks that result in a break above or below a short swing point can help narrow down target order blocks, but they are less frequent. An Order Block causing a break above or below a pivot point does not necessarily indicate a strong Order Block. For example, an Order Block formed at a Lower Low is more likely to fail in a downtrend.
A clean close above order block
When the first candle breaks above an Order Block and closes above its high, this indicates a stronger Order Block. On the other hand, if a candle merely wicks through the Order Block without a solid close above it, it suggests a weaker Order Block. This may indicate hesitation or an impending reversal, as the wick represents a temporary and unsustained price movement.
Has displacement more than X the body
While some traders may capitalize on the initial break above an Order Block's CISD level, others prefer to focus on the return to an Order Block after displacement. Displacement is determined by the body size of the Order Block, and an Order Block cannot be tested until this level has been achieved.
Has a Fair Value Gap
When an Order Block is combined with a Fair Value Gap (FVG), it signifies a strong Order Block. The Fair Value Gap indicates a strong price movement away from the Order Block.
Has a liquidity void
A Liquidity Void occurs when two consecutive candles of the same color do not overlap, creating a gap similar to a Fair Value Gap, but involving one or more middle candles. Liquidity Voids can be utilized in combination with, or as an alternative to, the displacement setting.
Maximum number of OBs
The maximum number of Order Blocks to display.
Mitigated at block’s
An Order Block is considered mitigated when price reaches one of the main Order Block levels.
Liquidity Void
Liquidity Void refers to areas on a price chart where there is one-sided trading activity. This phenomenon occurs when the price of an asset moves sharply in one direction, leaving gaps where two consecutive candles of the same color do not overlap. These gaps can comprise one or more middle candles and indicates a pronounced lack of trading within that price range. Liquidity Voids are important because they highlight areas of minimal resistance, where price is more likely to return to fill the void and balance the market.
Liquidity Void vs Fair Value Gap
While both concepts are related to gaps in price action, they are distinct. A Fair Value Gap is a specific three-candle pattern where the middle candle creates a gap between the first and third candles. In contrast, a Liquidity Void represents a broader area on the chart where there is little to no trading activity, often encompassing multiple candles and indicating a more pronounced imbalance between buy and sell orders.
A FVG can be part of a Liquidity Void, a Liquidity Void can exist without necessarily including an FVG. Both concepts highlight areas of minimal resistance and potential price movement, but they differ in their formation and implications.
Advanced Market Structure and Order Blocks indicator focus on liquidity voids since a liquidity void can substitute for a FVG and it is usually less addressed by other indicators.
New York Open LinesThis script plots the midnight- and 8:30-open lines that have a "strange" impact on the daily price action.
FibLines and pivot pointsThis indicator integrates Fibonacci retracements and pivot points to identify potential support and resistance levels for trading decisions. The script calculates pivot points using standard formulas (Classic, Fibonacci, Woodie, or Camarilla) and overlays Fibonacci retracement levels based on recent price swings.
Key Features:
Pivot Points Calculation: Computes support and resistance levels using the chosen pivot formula.
Fibonacci Retracements: Automatically plots retracement levels from recent highs and lows.
Confluence Zones: Highlights areas where Fibonacci levels align with pivot points for stronger signals.
Customization: Allows traders to select different pivot types, timeframes, and Fibonacci settings.
Alerts & Signals: Generates alerts when price approaches a significant confluence zone.
How It Works:
Detects recent highs and lows for Fibonacci retracement calculation.
Computes pivot points and their support/resistance levels.
Identifies key Fibonacci levels (e.g., 23.6%, 38.2%, 50%, 61.8%, 78.6%).
Plots both sets of levels on the chart, highlighting overlapping zones.
Provides visual signals & alerts when price interacts with these levels.
This indicator helps traders spot potential reversal or breakout areas by leveraging the strength of both Fibonacci and pivot points.
VCP-Tightness-V2Functionality and Understanding
A. Tightness Indicator
• Uses ATR-based calculations to determine tightness.
• Averages short-term (3,5,8) and long-term (55,89,144) ATR values.
• Normalizes ATR values over a lookback period to derive a tightness score.
• Highlights bars where tightness is below a low value threshold.
B. Relative Strength (RS) Calculation
• Compares stock price with an index benchmark (default: NSE NIFTY MID SMALL 400).
• Uses SMA and ROC (Rate of Change) for RS calculations.
• Implements JDK RS Ratio & JDK RM Ratio to color bars based on RS conditions.
C. Coil Formation
• Identifies tight price range within a given lookback period.
• Checks if price movement is within a certain percentage threshold.
• Optional line indicators and labels to highlight valid patterns.
D. Burst
• Detects strong upward price movements based on:
o Price change (%)
o Candle close % within range
o Volume spike compared to moving average
• Bars are colored if a momentum burst is detected.
E. Opening RVOL (Relative Volume)
• Calculates first bar volume relative to historical averages.
• Compares first candle price with previous day’s close to check for gap-ups.
• Labels and highlights bars meeting high relative volume criteria.
F. Pivot Detection
• Identifies pocket pivots based on volume patterns.
• Requires price to close higher with volume greater than previous down days.
• Uses an array-based approach to store past volumes.
G. High/Low Volume Days
• Flags high/low volume days based on:
o Price change exceeding a percentage threshold.
o Volume crossing a minimum threshold.
• Colors bars red/green for high volume down/up days.
• Identifies lowest volume in a quarter & highest volume in a year.
H. 52-Week High/Low
• Uses request.security() to fetch the highest and lowest prices in 252 days.
• Labels new 52-week highs and lows on the chart.
5 EMA Lines with Monday LinesThis Pine Script indicator for TradingView plots five Exponential Moving Averages (EMAs), draws vertical lines at specific Mondays, and marks key price levels between them.
Destroyer LifeDestroyer Life Strategy - High-Frequency Long & Short Trading
Overview:
The Destroyer Life strategy is an advanced cryptocurrency trading algorithm designed for high-frequency execution on the 15-second timeframe. It combines CRT (Candle Range Trend) and Turtle Soup trading logic with multi-timeframe analysis to optimize entries and exits for both long and short trades. This strategy is specifically optimized for high-volatility crypto pairs, such as SOL/USD on MEXC, ensuring precise execution with minimal drawdown.
Key Features:
15-Second Timeframe Execution: Optimized for ultra-short-term trading.
Long & Short Strategy: Simultaneously identifies profitable buy and sell opportunities.
CRT & Turtle Soup Logic: Leverages price action patterns for enhanced trade accuracy.
Higher Timeframe Analysis (HTF): Incorporates liquidity zones, fair value gaps (FVG), and breaker blocks for context-aware trading.
Dynamic Position Sizing: Uses an adjustable leverage multiplier for risk-controlled trade sizing.
Commission Optimization: Ensures profitability even with trading fees.
Strict Risk Management: Implements exit conditions based on liquidity structure and trend reversals.
Strategy Performance (Backtested on SOL/USD - MEXC):
Overall Profitability: ~80% win rate in backtesting.
Net Profit: $3,151.12 (6.30% ROI).
Gross Profit: $3,795.68 (7.59%).
Gross Loss: $644.56 (1.29%).
Long Trades Profit: $1,459.05 (2.92%).
Short Trades Profit: $1,692.07 (3.38%).
Commission Paid: $924.82.
Minimum Trade Holding Period: 1-minute cooldown between trades.
Trading Logic:
Entry Conditions:
Long Trades: Triggered when the price enters a liquidity void and aligns with higher timeframe bullish bias.
Short Trades: Triggered when price approaches a resistance level with bearish higher timeframe confluence.
CRT & Turtle Soup Patterns: Identifies reversals by analyzing breakout and fake-out structures.
Exit Conditions:
Long Positions Close: Upon price exceeding a 3.88% profit threshold or reversing below an HTF structure.
Short Positions Close: Upon reaching a similar 3.88% threshold or showing strong bullish signals.
Dynamic Position Sizing:
Uses a leverage-based calculation that adapts trade size based on volatility.
Liquidity Awareness:
Tracks Mitigation Blocks (MB), Fair Value Gaps (FVG), Buy/Sell-Side Liquidity (BSL/SSL) to determine optimal execution.
Best Use Cases:
Scalpers & High-Frequency Traders: Those looking for rapid trade execution with short holding periods.
Crypto Traders Focused on Low Timeframes: Optimized for 15-second price action.
Traders Utilizing Liquidity Concepts: Built to exploit liquidity traps and inefficiencies.
Risks & Considerations:
High-Frequency Execution Requires Low Latency: Ensure your broker or exchange supports fast order execution.
Backtested Results May Vary: Real-time performance depends on market conditions.
Commission & Fees Impact Profits: Consider exchanges with low fees to maximize strategy efficiency.
Final Thoughts:
The Destroyer Life Strategy is designed for serious traders looking to take advantage of high-volatility markets with a structured, liquidity-based approach. By combining price action, liquidity concepts, and adaptive risk management, it provides a solid framework for executing high-probability trades on crypto markets.
🚀 Ready to take your trading to the next level? Try Destroyer Life today and dominate the markets!
Black Tie Report Market StructureA simple Market Structure Indicator with alerts for Market Structure Shifts (MSS) and Break of Structure (BOS).
Perfect for using alongside my other indicator to anticipate where price is likely to go after hitting a key level.
Enjoy.
FTLTD Buy Sell vol.1FTLTD Buy Sell vol.1
This script, developed by Finance Technologies LTD, integrates multiple technical indicators to provide precise buy and sell signals for short-term trading. It includes Stochastic, MACD, Fibonacci levels, Keltner Channel, SuperTrend, Parabolic SAR, and key support and resistance levels across multiple timeframes. The indicator helps identify trend reversals, retracement opportunities, and breakout confirmations, offering traders reliable entry and exit points in both trending and ranging markets.
Higher/Lower, Equals, Lines of Interest, Divergences by BULL┃NETThe B | N HELD (Level of interest HH HL – EQH EQL – DIVERGENCE by Bull | NET )
indicator provides traders with important price levels on a chart. Those are the average price (poor or weak equilibrium), traditional pivot levels, moving averages as well as support and resistance levels. This powerful indicator shows you the current Market Struktur and EQH/EQL (Equal highs/Equal lows). This shares style and customization features with every other B|N indicator and has some nice additional features.
█ ⚠️ DISCLAIMER – READ BEFORE YOU USE ⚠️
█ FEATURES
— SUPPORT AND RESISTANCE LINES
The settings in this section control how support and resistance lines appear on the chart.
● Resistance
By default horizontal resistance lines are enabled but you can disable them for whatever reason you might have.
● Line
● Style
● Label
● Text
● Size
With this five settings you control the color and style of the line, label and the text color as well as the size of the text.
● Support
By default horizontal support lines are enabled but you can disable them for whatever reason you might have.
● Line
● Style
● Label
● Text
● Size
With this five settings you control the color and style of the line, the label and text color and the size of the text.
● Show price in label
● Show title in label
By default a label contains the price and a shortcut (SUP for support and RES for resistance). For a less noisy chart you can remove both parts individually from the label.
● Bar shift
The label for a line is placed left from the current bar to avoid overlapping with information on the right side from B | N HELD and other B | N indicators. In addition you can shift the label up to 5 bars to left. The default is 2.
— LABEL COSMETICS
The settings in this section control how lines and labels in the Pivotlevels and Moving Average sections get positioned on the chart and which information the labels show.
● Bar Offset
The bar offset controls the horizontal distance to the last bar on the chart where lines end. The default it is “15” bars to the right to avoid overlapping of labels from my other indicators. You can increase and decrease this value to your liking.
● Bar Anchor
The bar anchor controls where lines start. Default is “lastbar”.
Lastbar sets the start of lines to the last bar of the chart. This provides a very clean chart without lines crossing bars to the left.
With Origin as bar anchor all lines start at the bar of origin which is when the line gets calculated. I.e. daily pivot levels lines will start at the beginning of the day while hourly levels will start at the beginning of a new hour.
● Label Distance Divisor
This setting is used to calculate the minimum vertical distance of labels in means of price points. The internal formular takes the day close price and divides it by the number entered in this field. If i.e. the daily closing price was 5000 the minimum vertical distance would become 1 price point if you enter 5000 for this setting. If the price difference of two events would then be less than 1 the labels would be positioned higher and lower to prevent overlapping. Change the divisor to your likings or as needed to set the trigger for repositioning labels.
● Distance Modifier
This setting is used to control the vertical shift of the label. The default of Zero disables the setting and activates an internal function which makes a decision based on the used timeframe on the chart (0.1 less than m30, 0.5 from m30 to h4, 0.75 above h4 and 1 for daily). The logic takes the minimum vertical distance and multiplies it by the distance modifier.
In the example above for the label distance divisor a label would shift by 0.5 price points on a 30 minute chart if two lines trigger the minimum vertical distance. On the upper line the label moves up and on the lower line it moves down. If three lines are too close to each other the label in the middle does not get moved. If more lines break the minimum distance some labels will overlap until the price is advancing.
Labels with equal price will get lined up (stacked) horizontally.
While this cosmetical corrections have limits overlapping can be reduced to a minimum.
● Show Price
Choose to display the price in front of a label. The price will be displayed by default.
● Enable Tooltip
If you decide to hide the price on the label it can be useful to get this information in a tooltip while hovering with the mouse over the label. On the contrary it might become annoying with labels popping up if you have a nervous mouse finger. The feature is disabled by default.
● Equalize Label Size
The size of labels is one of the most discussed issues. Some say it is too small other say it is too big. Label size matters on different devices. “Normal” labels can be too large on a smartphone and to small on a 4k display. And the size is crucial for the automatic horizontal stacking of labels. You simply can’t line up a small, normal and large label in Pine Script (the programming language at TradingView). The stacking is done by prepending labels with spaces to shift them to the right.
This setting overloads all individual size settings for labels and activates the automatic horizontal stacking of labels with equal price. It is a convenient way to change the size of all labels with one click in case you have different layouts for different devices.
If you disable this feature you can set the label size individually but you lose the horizontal stacking. This can be useful for traders who display only a few price events or for educational purpose where you want to point out a special event.
— AVERAGE PRICE
Because we do not have access to the order book we don’t know about the true equilibrium, which is the price where supply and demand is equal. Therefore the indicator displays the average price of the current and past day. Some people call this the poor or weak equilibrium. By default this feature is enabled.
● Line
● Style
● Label
● Text
● Size
With this five settings you control the color and style of the line, the label and text color as well as the size of the text.
— PIVOTLEVELS
● Timeframe
By default the setting follows my (BullNet) logic. In timeframes below 30 minute the indicator will display the hourly pivot levels. In timeframes between 30 minutes and one day you will see the daily pivot levels. Above daily timeframe you get the pivot levels of the chosen timeframe. If you don’t like it you can change this setting to always show the pivot level of the timeframe.
● Line
● Style
● Label
● Text
● Size
With this five settings you control the color and style of the line, the label and text color as well as the size of the text.
— MOVING AVERAGE
● Timeframe
By default the setting follows my (BullNet) logic. In timeframes below 30 minute the indicator will display the hourly moving averages. In timeframes between 30 minutes and one day you will see the daily moving averages. Above daily timeframe you get the moving averages of the chosen timeframe. If you don’t like it you can change this setting to always show the moving averages of the timeframe.
You can display up to four moving averages in parallel on the chart. By default all four are enabled to display the EMA 20, 50 ,100 and 200 as plain price level to the right of the last bar. Feel free to customize all settings to your liking or needs.
Each of the four moving averages has the same options, which are:
● Plot
If enabled the moving average will be drawn as a stepped curve on the chart. Although this is what most people expect from displaying a moving average it is disabled by default to keep the chart clean and follow the look and feel of all my other indicators. In my opinion a moving average is just another level of interest and as long as two moving averages are not in danger to cross each other (death cross, white cross) there is no need to fill the chart with additional noise. Once two important moving averages narrow to each other you can change this settings to plot the curves to be able to estimate the point they might cross.
● Plain
This setting is enabled by default and draws the moving average like a pivot level with a line at the current moving average price and a label showing the details you have chosen in the label cosmetics section. The chart keeps clean and you can perfectly determine the support and resistance level of the moving average.
● MA Type
You can choose between EMA and SMA. By default EMA is enabled.
● Length
In this field you enter the length of the moving average, which is the amount of bars used to calculate it.
● Line
● Style
● Label
● Text
● Size
With this five settings you control the color and style of the line or curve, the label and text color as well as the size of the text.
— DISPLAY OPTIONS
● 2 Decimals
To streamline the appearance of prices they are set to display two decimals only. Numbers get rounded! However, trading currency pairs or crypto assets might need to display the full amount of decimals. In this case simply disable the setting “2 Decimals”.
█ DIVERGENCE
- The system checks for divergences on each candle between the current price and the values of the last 10 pivot points for the selected indicators.
- Divergences are searched for across the chosen indicators, such as RSI, MACD, MACD Histogram, Stochastic, CCI, Momentum, MFI, OBV, VWMACD, CMF, and any external indicators.
- It looks for divergences within the last 100 bars based on the 10 pivot points for each indicator.
- **Types of Divergences:**
- Regular Positive Divergence
- Regular Negative Divergence
- Hidden Positive Divergence
- Hidden Negative Divergence
- For **Positive Divergence**, the system first checks if the current closing price is higher than the previous closing price and if the indicator value is higher than the previous one. If both conditions are true, it starts searching for a divergence.
- For **Negative Divergence**, it first checks if the current closing price is lower than the previous closing price and if the indicator value is also lower than the previous value. If these conditions hold, it starts looking for a divergence.
█ Settings:
- Pivot Period: You can set the pivot period to any value you prefer. You can also view the pivot points by enabling the "Show Pivot Points" option.
- Source for Pivot Points: Choose whether you want to use the Close ore High, or Low as the source for the pivot points.
- Divergence Type: Select the type of divergence to display, including "Regular," "Hidden," or "Regular/Hidden."
- Show Indicator Names: You can choose to display the full indicator names, only their first letter, or not show them at all.
- Show Divergence Number: This option allows you to display the number of indicators showing divergence.
- Show Only Last Divergence: If enabled, this option will only show the most recent positive and negative divergences.
- External Indicator Integration: You can include external indicators for divergence detection. To do this, enable the "Check External Indicator" option and select the external indicator from the list. The external indicator will be displayed as "Extrn." The relevant external indicator must be added before enabling this option.
Customization Options:
- Adjust the colors, line width, and line style for different types of divergences.
Alerts:
The following alerts are available:
- Positive Regular Divergence Detected
- Negative Regular Divergence Detected
- Positive Hidden Divergence Detected
- Negative Hidden Divergence Detected
█ HH HL LL LH
This indicator is a powerful tool, and I’m excited to explain how it works. It identifies Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL), which represent trend structure points on the chart.
Higher Highs, Higher Lows, Lower Highs, and Lower Lows:
For those who find it difficult to identify these points, this indicator can be extremely helpful. By showing HH and HL in sequence, it helps identify an uptrend. When the trend weakens, the indicator will highlight a LH, signaling that the trend might be losing strength. For a downtrend, the indicator shows LH and LL in sequence, and when the trend weakens, it will show HL, indicating a potential reversal.
This indicator is also great for drawing trend lines. For example, it can help you draw a trend line in an uptrend by connecting the LL of the first candle to the HL of the second candle. Similarly, for a downtrend, the trend line can be drawn by connecting the HH to the LH.
These HH, HL, LH, and LL points can also be used to place stop losses, which will be explained later in the stop loss section.
Label Color Changes Based on RSI:
An important feature is that the **HH** and **LL** labels change color based on the RSI indicator. When the RSI is overbought, the **HH** label will change to a specific color (e.g., red), signaling a potential reversal or weakness in the uptrend. Similarly, when the RSI is oversold, the **LL** label will change to another color (e.g., green), indicating a potential reversal in the downtrend. This adds an additional layer of insight, helping to identify potential exhaustion points in the market.
DT, DB, and EQH/EQL:
Additionally, the **DT** (Double Top), **DB** (Double Bottom), and **EQH/EQL** (Equal High/Equal Low) patterns are displayed by the indicator to help identify significant reversal patterns, making it even more effective for trend analysis and decision-making.
You can change the Color, the Line Width and the Line Style under the
“EQH/EQL OPTIONS”.
Under the section “PATTERN OPTIONS” you can enable the function to visualize the EQH/EQL
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Disclaimer BullNet : The information provided in this document is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Any use of the content is at your own risk. No liability is assumed for any losses or damages resulting from reliance on this information. Trading financial instruments involves significant risks, including the potential loss of all invested capital. There is no guarantee of profits or specific outcomes. Please conduct your own research and consult a professional financial advisor if needed.
Disclaimer TradingView: According to the www.tradingview.com
Copyright: 2025-BULLNET - All rights reserved.
Roadmap:
Version 1.0 04.03.2025
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Session vertical linesThis script automatically plots vertical lines every 4 hours which follows Bitcoins rhythmic cycle:
⏰ 8 AM, 12 PM, 4 PM, 8 PM, 12 AM, 4 AM.
It visually marks the start of each session, helping you plan trades efficiently. Perfect for crypto traders.
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Korsbæk 4RKorsbæk 4R Indicator
This is a visualization tool designed to show key Fibonacci levels within the current 4h range. The indicator is not a strategy, but rather provides visual guidance to assist in price action setups.
How it Works:
The indicator calculates the high and low of the current range on the 4-hour chart, and from that range, it draws various Fibonacci levels such as 0%, 25%, 50%, 75%, 1.618, and -0.618. These levels represent important price areas that can guide trading decisions on lower timeframes (LTF) when used for trigger points in conjunction with price action setups.
Purpose:
To visually highlight the key Fibonacci levels within the current range of the selected timeframe.
These levels serve as general reference points for potential support, resistance, or areas of interest in price action trading.
Key Features:
Displays the Fibonacci levels (0%, 25%, 50%, 75%, 1.618, and -0.618) drawn from the high and low of the 4-hour chart.
Allows you to visualize the current range and its relevant Fibonacci levels to assist with price action setups on lower timeframes.
Toggle the visibility of the level labels on the price axis for each Fibonacci level.
Limit the extension of Fibonacci lines to 42 bars into the future for better chart clarity.
How to Use:
Apply the indicator to a 4-hour chart to visualize the range.
Use the Fibonacci levels as general guidance in your price action setups on lower timeframes (LTF) for trigger points.
Toggle the Fibonacci labels and adjust the appearance of each level for easier identification.
Use the indicator in combination with other price action tools for improved decision-making.
My CustomThis indicator combines the Session VWAP, EMA 13 by 21 crossover,Support and resistances and Previous day High/Low with 38.2% and 61.8% retracements.
So, one can confirm these for trading intraday as well as swing trade.