Fibonacci Optimal Entry ZoneFibonacci Optimal Entry Zone - Professional Market Structure Trading Tool
Overview
This indicator combines market structure analysis with dynamic Fibonacci retracement levels to identify optimal entry zones in trending markets. Unlike standard Fibonacci tools, this indicator automatically detects swing points, tracks market structure changes (CHoCH - Change of Character), and adapts Fibonacci levels in real-time as new market structure develops.
Key Innovation - Why This Combination Works
This tool merges two powerful concepts:
Smart Money Concepts (SMC) market structure detection
Automated Fibonacci retracement analysis
The synergy creates a systematic approach to finding high-probability reversal zones by waiting for structure breaks before drawing Fibonacci levels, ensuring you're always trading with the trend rather than against it.
How It Works
1. Market Structure Detection
Uses pivot high/low analysis to identify significant swing points
Detects "Change of Character" (CHoCH) when price breaks previous structure
Distinguishes between bullish (Higher Highs/Higher Lows) and bearish (Lower Highs/Lower Lows) market conditions
2. Dynamic Fibonacci Deployment
Automatically draws Fibonacci retracements between the most recent significant swings
Updates levels in real-time as new structure forms
Includes extended levels (-2.0 to 1.618) for both retracement and extension analysis
3. Optimal Entry Zone Identification
Highlights the "Golden Zone" (0.5-0.618 for bullish, 0.382-0.5 for bearish)
Provides visual fills between key levels to identify confluence zones
Shows exact price levels at each Fibonacci ratio
Trading Methodology
For Bullish Setups:
Wait for a bullish CHoCH (break above previous high)
Monitor price retracement to Fibonacci levels
Look for entries in the 0.5-0.618 zone (Golden Zone)
Use 0.786 as final support before trend invalidation
For Bearish Setups:
Wait for a bearish CHoCH (break below previous low)
Monitor price retracement to Fibonacci levels
Look for entries in the 0.382-0.5 zone
Use 0.236 as final resistance before trend invalidation
Unique Features
Swing Tracker Mode: Continuously updates Fibonacci levels with each new swing
Structure Period Optimization: Adjustable lookback period (default 10) to capture different market conditions
Visual Clarity: Customizable colors, line styles, and label positions
Fill Zones: Create visual zones between any two Fibonacci levels
Extended Levels: Includes negative Fibonacci levels for advanced harmonic patterns
Real-time Updates: Levels extend to current bar for immediate analysis
Best Practices
Timeframe Selection: Works best on H1 and above for swing trading, M15-H1 for intraday
Confluence: Combine with support/resistance, moving averages, or volume analysis
Risk Management: Use the 0.786 level (bullish) or 0.236 level (bearish) for stop-loss placement
Trend Confirmation: Only take trades in the direction of the CHoCH signal
Settings Guide
Structure Period: Higher values (15-20) for major swings, lower values (5-10) for minor swings
Swing Tracker: Enable for active markets, disable for cleaner historical analysis
Fibonacci Levels: Customize which levels to display based on your trading style
Golden Zone Fill: Highlights the optimal entry area for visual clarity
This indicator is designed for traders who understand market structure and want an automated, systematic approach to Fibonacci-based entries. It removes the subjectivity of manual Fibonacci placement while ensuring you're always aligned with the current market structure.
Chart Requirements:
Use a clean chart with only this indicator
Show at least one complete CHoCH signal with Fibonacci levels
Demonstrate how the levels update with new swings
Highlight the golden zone if enabled
在腳本中搜尋"a股板块+沪深两市+股价不超过10元的股票+技术形态好"
Support Resistance with Order BlocksIndicator Description
Professional Price Level Detection for Smart Trading. Master the Markets with Precision Support/Resistance and Order Block Analysis . It provides traders with clear visual cues for potential reversal and breakout areas, combining both retail and institutional trading concepts into one powerful tool.
The Support & Resistance with Order Blocks indicator is a versatile Pine Script tool designed to empower traders with clear, actionable insights into key market levels. By combining advanced pivot-based support and resistance (S/R) detection with order block (OB) filtering, this indicator delivers clean, high-probability zones for entries, exits, and reversals. With customizable display options (boxes or lines) and intuitive settings, it’s perfect for traders of all styles—whether you’re scalping, swing trading, or investing long-term. Overlay it on your TradingView chart and elevate your trading strategy today!
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Key Features
✅ Dynamic Support/Resistance - Auto-adjusting levels based on price action
✅ Smart Order Block Detection - Identifies institutional buying/selling zones
✅ Dual Display Modes - Choose between Boxes or Clean Lines for different chart styles
✅ Customizable Sensitivity - Adjust detection parameters for different markets
✅ Broken Level Markers - Clearly shows when key levels are breached
✅ Timeframe-Adaptive - Automatically adjusts for daily/weekly charts
1. Dynamic Support & Resistance Detection
Identifies critical S/R zones using pivot high/low calculations with adjustable look back periods.
Visualizes active S/R zones with distinct colors and labels ("Support" or "Resistance" for boxes, lines for cleaner charts).
Marks broken S/R levels as "Br S" (broken support) or "Br R" (broken resistance) when historical display is enabled, aiding in breakout and reversal analysis.
2. Smart Order Block Identification
Detects bullish and bearish order blocks based on significant price movements (default: ±0.3% over 5 candles).
Highlights institutional buying/selling zones with customizable colors, displayed as boxes or lines.
Filters out overlapping OB zones to keep your chart clutter-free.
3. Dual Display Options
Boxes or Lines: Choose to display S/R and OB as boxes for detailed zones or lines for a minimalist view.
Line Width Customization: Adjust line widths for S/R and OB (1–5 pixels) for optimal visibility.
Color Customization: Tailor colors for active/broken S/R and bullish/bearish OB zones.
4. Advanced Overlap Filtering
Ensures S/R zones don’t overlap with OB zones or other S/R levels, providing only the most relevant levels.
Limits the number of active zones (default: 10) to maintain chart clarity.
5. Historical S/R Visualization
Optionally display broken S/R levels with distinct colors and labels ("Br S" or "Br R") to track historical price reactions.
Broken levels are dynamically updated and removed (or retained) based on user settings.
6. Timeframe Adaptability
Automatically adjusts pivot detection for daily/weekly timeframes (40-candle look back) versus shorter timeframes (20-candle look back).
Works seamlessly across all asset classes (stocks, forex, crypto, etc.) and timeframes.
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How It Works
• Support & Resistance:
Uses ta.pivothigh and ta.pivotlow to detect significant price pivots, with a user-defined look back (default: 5 candles post-pivot).
Plots S/R as boxes (with labels "Support" or "Resistance") or lines, extending to the current bar for real-time relevance.
Broken S/R levels are marked with adjusted colors and labels ("S" or "R" for boxes, "Br S" or "Br R" for lines when historical display is enabled).
• Order Blocks:
Identifies OB based on strong price movements over 4 candles, plotted as boxes or lines at the candle’s midpoint.
Validates OB to prevent overlap, ensuring only significant zones are displayed.
Removes OB zones when price breaks through, keeping the chart focused on active levels.
• Customization:
Toggle S/R and OB visibility, adjust detection sensitivity, and set maximum active zones (4–50).
Fine-tune line widths and colors for a personalized chart experience.
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Why Use This Indicator?
• Precision Trading: Pinpoint high-probability entry/exit zones with filtered S/R and OB levels.
• Clean Charts: Overlap filtering and zone limits reduce clutter, focusing on key levels.
• Versatile Display: Switch between boxes for detailed zones or lines for simplicity, with adjustable line widths.
• Institutional Edge: Leverage OB detection to align with institutional activity for smarter trades.
• User-Friendly: Intuitive settings and clear visuals make it accessible for beginners and pros alike.
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Settings Overview________________________________________
⚙ Input Parameters
Settings Overview
Display Options:
Display Type: Choose "Boxes" or "Lines" for S/R and OB visualization.
S/R Line Width: Set line thickness for S/R lines (1–5 pixels, default: 2).
OB Line Width: Set line thickness for OB lines (1–5 pixels, default: 2).
Order Block Options:
Show Order Block: Enable/disable OB display.
Bull/Bear OB Colors: Customise border and fill colors for bullish and bearish OB zones.
Support/Resistance Options:
Show S/R: Toggle active S/R zones.
Show Historical S/R: Display broken S/R levels, marked as "Br S" or "Br R" for lines.
Detection Period: Set candle lookback for pivot detection (4–50, default: 5).
Max Active Zones: Limit active S/R and OB zones (4–50, default: 10).
Colors: Customise active and broken S/R colors for clear differentiation.
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How to Use
1. Add to Chart: Apply the indicator to your TradingView chart.
2. Customize Settings:
o Select "Boxes" or "Lines" for your preferred display style.
o Adjust line widths, colors, and detection parameters to suit your trading style.
o Enable "Show Historical S/R" to track broken levels with "Br S" and "Br R" labels.
3. Analyze Levels:
o Use support zones (green) for buy entries and resistance zones (red) for sell entries.
o Monitor OB zones for institutional activity, signaling potential reversals or continuations.
o Watch for "Br S" or "Br R" labels to identify breakout opportunities.
4. Combine with Other Tools: Pair with trend indicators, volume analysis, or price action for a robust strategy.
5. Monitor Breakouts: Trade breakouts when price breaches S/R or OB zones, with historical labels providing context.
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Example Use Cases
• Swing Trading: Use S/R and OB zones to identify entry/exit points, with historical broken levels for context.
• Breakout Trading: Trade price breaks through S/R or OB, using "Br S" and "Br R" labels to confirm reversals.
• Scalping: Adjust detection period for faster S/R and OB identification on lower timeframes.
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• Performance: Optimized for all timeframes, with best results on 5M, 15M, 30M, 1H, 4H, or daily charts for swing trading.
• Compatibility: Works with any asset class and TradingView chart.
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Get Started
Transform your trading with Support & Resistance with Order Blocks! Add it to your chart, customize it to your style, and trade with confidence. For questions or feedback, drop a comment on TradingView or message the author. Happy trading! 🚀
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Disclaimer: This indicator is for educational and informational purposes only. Always conduct your own analysis and practice proper risk management before trading.
Momentum SNR VIP [3 TP + Max 50 Pip SL]//@version=6
indicator("Momentum SNR VIP ", overlay=true)
// === Settings ===
pip = input.float(0.0001, "Pip Size", step=0.0001)
sl_pip = 50 * pip
tp1_pip = 40 * pip
tp2_pip = 70 * pip
tp3_pip = 100 * pip
lookback = input.int(20, "Lookback for S/R", minval=5)
// === SNR ===
pivotHigh = ta.pivothigh(high, lookback, lookback)
pivotLow = ta.pivotlow(low, lookback, lookback)
supportZone = not na(pivotLow)
resistanceZone = not na(pivotHigh)
plotshape(supportZone, title="Support", location=location.belowbar, color=color.blue, style=shape.triangleup, size=size.tiny)
plotshape(resistanceZone, title="Resistance", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.tiny)
// === Price Action ===
bullishEngulfing = close < open and close > open and close > open and open <= close
bearishEngulfing = close > open and close < open and close < open and open >= close
bullishPinBar = close < open and (low - math.min(open, close)) > 1.5 * math.abs(close - open)
bearishPinBar = close > open and (high - math.max(open, close)) > 1.5 * math.abs(close - open)
buySignal = supportZone and (bullishEngulfing or bullishPinBar)
sellSignal = resistanceZone and (bearishEngulfing or bearishPinBar)
// === SL & TP ===
rawBuySL = low - 10 * pip
buySL = math.max(close - sl_pip, rawBuySL)
buyTP1 = close + tp1_pip
buyTP2 = close + tp2_pip
buyTP3 = close + tp3_pip
rawSellSL = high + 10 * pip
sellSL = math.min(close + sl_pip, rawSellSL)
sellTP1 = close - tp1_pip
sellTP2 = close - tp2_pip
sellTP3 = close - tp3_pip
// === Plot Lines ===
plot(buySignal ? buySL : na, title="Buy SL", color=color.red, style=plot.style_line, linewidth=1)
plot(buySignal ? buyTP1 : na, title="Buy TP1", color=color.green, style=plot.style_line, linewidth=1)
plot(buySignal ? buyTP2 : na, title="Buy TP2", color=color.green, style=plot.style_line, linewidth=1)
plot(buySignal ? buyTP3 : na, title="Buy TP3", color=color.green, style=plot.style_line, linewidth=1)
plot(sellSignal ? sellSL : na, title="Sell SL", color=color.red, style=plot.style_line, linewidth=1)
plot(sellSignal ? sellTP1 : na, title="Sell TP1", color=color.green, style=plot.style_line, linewidth=1)
plot(sellSignal ? sellTP2 : na, title="Sell TP2", color=color.green, style=plot.style_line, linewidth=1)
plot(sellSignal ? sellTP3 : na, title="Sell TP3", color=color.green, style=plot.style_line, linewidth=1)
// === Floating Labels on Right Side ===
if buySignal
label.new(x=bar_index + 50, y=buySL, text="SL", style=label.style_label_right, color=color.red, textcolor=color.white)
label.new(x=bar_index + 50, y=buyTP1, text="TP1", style=label.style_label_right, color=color.green, textcolor=color.white)
label.new(x=bar_index + 50, y=buyTP2, text="TP2", style=label.style_label_right, color=color.green, textcolor=color.white)
label.new(x=bar_index + 50, y=buyTP3, text="TP3", style=label.style_label_right, color=color.green, textcolor=color.white)
if sellSignal
label.new(x=bar_index + 50, y=sellSL, text="SL", style=label.style_label_right, color=color.red, textcolor=color.white)
label.new(x=bar_index + 50, y=sellTP1, text="TP1", style=label.style_label_right, color=color.green, textcolor=color.white)
label.new(x=bar_index + 50, y=sellTP2, text="TP2", style=label.style_label_right, color=color.green, textcolor=color.white)
label.new(x=bar_index + 50, y=sellTP3, text="TP3", style=label.style_label_right, color=color.green, textcolor=color.white)
// === Signal Markers ===
plotshape(buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
// === Alerts ===
alertcondition(buySignal, title="Buy Alert", message="🟢 BUY at Support Zone + Price Action")
alertcondition(sellSignal, title="Sell Alert", message="🟡 SELL at Resistance Zone + Price Action")
Momentum SNR VIP [3 TP + Max 50 Pip SL]//@version=6
indicator("Momentum SNR VIP ", overlay=true)
// === Settings ===
pip = input.float(0.0001, "Pip Size", step=0.0001)
sl_pip = 50 * pip
tp1_pip = 40 * pip
tp2_pip = 70 * pip
tp3_pip = 100 * pip
lookback = input.int(20, "Lookback for S/R", minval=5)
// === SNR ===
pivotHigh = ta.pivothigh(high, lookback, lookback)
pivotLow = ta.pivotlow(low, lookback, lookback)
supportZone = not na(pivotLow)
resistanceZone = not na(pivotHigh)
plotshape(supportZone, title="Support", location=location.belowbar, color=color.blue, style=shape.triangleup, size=size.tiny)
plotshape(resistanceZone, title="Resistance", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.tiny)
// === Price Action ===
bullishEngulfing = close < open and close > open and close > open and open <= close
bearishEngulfing = close > open and close < open and close < open and open >= close
bullishPinBar = close < open and (low - math.min(open, close)) > 1.5 * math.abs(close - open)
bearishPinBar = close > open and (high - math.max(open, close)) > 1.5 * math.abs(close - open)
buySignal = supportZone and (bullishEngulfing or bullishPinBar)
sellSignal = resistanceZone and (bearishEngulfing or bearishPinBar)
// === SL & TP ===
rawBuySL = low - 10 * pip
buySL = math.max(close - sl_pip, rawBuySL)
buyTP1 = close + tp1_pip
buyTP2 = close + tp2_pip
buyTP3 = close + tp3_pip
rawSellSL = high + 10 * pip
sellSL = math.min(close + sl_pip, rawSellSL)
sellTP1 = close - tp1_pip
sellTP2 = close - tp2_pip
sellTP3 = close - tp3_pip
// === Plot Buy/Sell Signal
plotshape(buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
// === Plot SL & TP lines
plot(buySignal ? buySL : na, title="Buy SL", color=color.red, style=plot.style_linebr, linewidth=1)
plot(buySignal ? buyTP1 : na, title="Buy TP1", color=color.green, style=plot.style_linebr, linewidth=1)
plot(buySignal ? buyTP2 : na, title="Buy TP2", color=color.green, style=plot.style_linebr, linewidth=1)
plot(buySignal ? buyTP3 : na, title="Buy TP3", color=color.green, style=plot.style_linebr, linewidth=1)
plot(sellSignal ? sellSL : na, title="Sell SL", color=color.red, style=plot.style_linebr, linewidth=1)
plot(sellSignal ? sellTP1 : na, title="Sell TP1", color=color.green, style=plot.style_linebr, linewidth=1)
plot(sellSignal ? sellTP2 : na, title="Sell TP2", color=color.green, style=plot.style_linebr, linewidth=1)
plot(sellSignal ? sellTP3 : na, title="Sell TP3", color=color.green, style=plot.style_linebr, linewidth=1)
// === Labels
if buySignal
label.new(x=bar_index, y=buySL, text="SL : " + str.tostring(buySL, "#.0000"), style=label.style_label_down, color=color.red, textcolor=color.white)
label.new(x=bar_index, y=buyTP1, text="TP1 : " + str.tostring(buyTP1, "#.0000"), style=label.style_label_up, color=color.green, textcolor=color.white)
label.new(x=bar_index, y=buyTP2, text="TP2 : " + str.tostring(buyTP2, "#.0000"), style=label.style_label_up, color=color.green, textcolor=color.white)
label.new(x=bar_index, y=buyTP3, text="TP3 : " + str.tostring(buyTP3, "#.0000"), style=label.style_label_up, color=color.green, textcolor=color.white)
if sellSignal
label.new(x=bar_index, y=sellSL, text="SL : " + str.tostring(sellSL, "#.0000"), style=label.style_label_up, color=color.red, textcolor=color.white)
label.new(x=bar_index, y=sellTP1, text="TP1 : " + str.tostring(sellTP1, "#.0000"), style=label.style_label_down, color=color.green, textcolor=color.white)
label.new(x=bar_index, y=sellTP2, text="TP2 : " + str.tostring(sellTP2, "#.0000"), style=label.style_label_down, color=color.green, textcolor=color.white)
label.new(x=bar_index, y=sellTP3, text="TP3 : " + str.tostring(sellTP3, "#.0000"), style=label.style_label_down, color=color.green, textcolor=color.white)
// === Alerts
alertcondition(buySignal, title="Buy Alert", message="🟢 BUY at Support Zone + Price Action")
alertcondition(sellSignal, title="Sell Alert", message="🟡 SELL at Resistance Zone + Price Action")
Momentum SNR VIP [INDICATOR ONLY]//@version=6
indicator("Momentum SNR VIP ", overlay=true)
// === Inputs ===
lookback = input.int(20, "Lookback for S/R", minval=5)
rr_ratio = input.float(2.0, "Risk-Reward Ratio", minval=0.5, step=0.1)
// === SNR Detection ===
pivotHigh = ta.pivothigh(high, lookback, lookback)
pivotLow = ta.pivotlow(low, lookback, lookback)
supportZone = not na(pivotLow)
resistanceZone = not na(pivotHigh)
plotshape(supportZone, title="Support", location=location.belowbar, color=color.blue, style=shape.triangleup, size=size.tiny)
plotshape(resistanceZone, title="Resistance", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.tiny)
// === Price Action ===
bullishEngulfing = close < open and close > open and close > open and open <= close
bearishEngulfing = close > open and close < open and close < open and open >= close
bullishPinBar = close < open and (low - math.min(open, close)) > 1.5 * math.abs(close - open)
bearishPinBar = close > open and (high - math.max(open, close)) > 1.5 * math.abs(close - open)
buySignal = supportZone and (bullishEngulfing or bullishPinBar)
sellSignal = resistanceZone and (bearishEngulfing or bearishPinBar)
// === SL & TP ===
buySL = low - 10
buyTP = close + (close - buySL) * rr_ratio
sellSL = high + 10
sellTP = close - (sellSL - close) * rr_ratio
// === Plot Signals
plotshape(buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
plot(buySignal ? buySL : na, title="Buy SL", color=color.red, style=plot.style_linebr, linewidth=1)
plot(buySignal ? buyTP : na, title="Buy TP", color=color.green, style=plot.style_linebr, linewidth=1)
plot(sellSignal ? sellSL : na, title="Sell SL", color=color.red, style=plot.style_linebr, linewidth=1)
plot(sellSignal ? sellTP : na, title="Sell TP", color=color.green, style=plot.style_linebr, linewidth=1)
// === Labels (Fixed)
if buySignal
label.new(x=bar_index, y=buySL, text="SL : " + str.tostring(buySL, "#.00"), style=label.style_label_down, color=color.red, textcolor=color.white)
label.new(x=bar_index, y=buyTP, text="TP 1 : " + str.tostring(buyTP, "#.00"), style=label.style_label_up, color=color.green, textcolor=color.white)
if sellSignal
label.new(x=bar_index, y=sellSL, text="SL : " + str.tostring(sellSL, "#.00"), style=label.style_label_up, color=color.red, textcolor=color.white)
label.new(x=bar_index, y=sellTP, text="TP 1 : " + str.tostring(sellTP, "#.00"), style=label.style_label_down, color=color.green, textcolor=color.white)
// === Alerts
alertcondition(buySignal, title="Buy Alert", message="🟢 BUY at Support Zone + Price Action")
alertcondition(sellSignal, title="Sell Alert", message="🟡 SELL at Resistance Zone + Price Action")
Repeating Trend HighlighterThis custom indicator helps you see when the current price trend is similar to a past trend over the same number of candles. Think of it like checking whether the market is repeating itself.
You choose three settings:
• Lookback Period: This is how many candles you want to measure. For example, if you set it to 10, it looks at the price change over the last 10 bars.
• Offset Bars Ago: This tells the indicator how far back in time to look for a similar move. If you set it to 50, it compares the current move to what happened 50 bars earlier.
• Tolerance (%): This is how closely the moves must match to be considered similar. A smaller number means you only get a signal if the moves are almost the same, while a larger number allows more flexibility.
When the current price move is close enough to the past move you picked, the background of your chart turns light green. This makes it easy to spot repeating trends without studying numbers manually.
You’ll also see two lines under your chart if you enable them: a blue line showing the percentage change of the current move and an orange line showing the change in the past move. These help you compare visually.
This tool is useful in several ways. You can use it to confirm your trading setups, for example if you suspect that a strong rally or pullback is happening again. You can also use it to filter trades by combining it with other indicators, so you only enter when trends repeat. Many traders use it as a learning tool, experimenting with different lookback periods and offsets to understand how often similar moves happen.
If you are a scalper working on short timeframes, you can set the lookback to a small number like 3–5 bars. Swing traders who prefer daily or weekly charts might use longer lookbacks like 20–30 bars.
Keep in mind that this indicator doesn’t guarantee price will move the same way again—it only shows similarity in how price changed over time. It works best when you use it together with other signals or market context.
In short, it’s like having a simple spotlight that tells you: “This move looks a lot like what happened before.” You can then decide if you want to act on that information.
If you’d like, I can help you tweak the settings or combine it with alerts so it notifies you when these patterns appear.
CME Crude Oil 15-Min Multi-Unified Entry Zones (Dot Signals)//@version=6
indicator("CME Crude Oil 15-Min Multi-Unified Entry Zones (Dot Signals)", overlay=true)
// --- Input Parameters ---
emaLength = input.int(11, title="EMA Length", minval=1)
// Ichimoku Cloud Inputs (Adjusted for higher sensitivity)
conversionLineLength = input.int(7, title="Ichimoku Conversion Line Length (Sensitive)", minval=1)
baseLineLength = input.int(20, title="Ichimoku Base Line Length (Sensitive)", minval=1)
laggingSpanLength = input.int(40, title="Ichimoku Lagging Span Length (Sensitive)", minval=1)
displacement = input.int(26, title="Ichimoku Displacement", minval=1)
// MACD Inputs (Adjusted for higher sensitivity)
fastLength = input.int(9, title="MACD Fast Length (Sensitive)", minval=1)
slowLength = input.int(21, title="MACD Slow Length (Sensitive)", minval=1)
signalLength = input.int(6, title="MACD Signal Length (Sensitive)", minval=1)
// RSI Inputs
rsiLength = input.int(8, title="RSI Length", minval=1)
rsiOverbought = input.int(70, title="RSI Overbought Level", minval=50, maxval=90)
rsiOversold = input.int(30, title="RSI Oversold Level", minval=10, maxval=50)
// ADX Inputs
adxLength = input.int(14, title="ADX Length", minval=1)
adxTrendStrengthThreshold = input.int(20, title="ADX Trend Strength Threshold", minval=10, maxval=50)
// Weak Entry Threshold (50 ticks for Crude Oil, where 1 tick = $0.01)
// 50 ticks = $0.50
weakEntryTickThreshold = input.float(0.50, title="Weak Entry Threshold (in $)", minval=0.01)
// --- Indicator Calculations ---
// 1. EMA 11
ema11 = ta.ema(close, emaLength)
// 2. Ichimoku Cloud
donchian(len) => math.avg(ta.lowest(len), ta.highest(len))
tenkanSen = donchian(conversionLineLength)
kijunSen = donchian(baseLineLength)
senkouSpanA = math.avg(tenkanSen, kijunSen)
senkouSpanB = donchian(laggingSpanLength)
// Shifted for plotting (future projection)
senkouSpanA_plot = senkouSpanA
senkouSpanB_plot = senkouSpanB
// Chikou Span (lagging span, plotted 26 periods back)
chikouSpan = close
// 3. MACD
= ta.macd(close, fastLength, slowLength, signalLength)
// 4. RSI
rsi = ta.rsi(close, rsiLength)
// 5. ADX
= ta.dmi(adxLength, adxLength)
// --- Price Volume Pattern Logic ---
// Simplified volume confirmation:
isVolumeIncreasing = volume > volume
isVolumeDecreasing = volume < volume
isPriceUp = close > close
isPriceDown = close < close
bullishVolumeConfirmation = (isPriceUp and isVolumeIncreasing) or (isPriceDown and isVolumeDecreasing)
bearishVolumeConfirmation = (isPriceDown and isVolumeIncreasing) or (isPriceUp and isVolumeDecreasing)
// --- Daily Pivot Point Calculation (Critical Support/Resistance) ---
// Request daily High, Low, Close for pivot calculation
= request.security(syminfo.tickerid, "D", [high , low , close ])
// Classic Pivot Point Formula
dailyPP = (dailyHigh + dailyLow + dailyClose) / 3
dailyR1 = (2 * dailyPP) - dailyLow
dailyS1 = (2 * dailyPP) - dailyHigh
dailyR2 = dailyPP + (dailyHigh - dailyLow)
dailyS2 = dailyPP - (dailyHigh - dailyLow)
// --- Crosses and States for Unified Entry 1 (EMA & MACD) ---
// Moved ta.cross() calls outside of conditional blocks for consistent calculation.
emaGoldenCrossCondition = ta.cross(close, ema11)
emaDeathCrossCondition = ta.cross(ema11, close)
macdGoldenCrossCondition = ta.cross(macdLine, signalLine)
macdDeathCrossCondition = ta.cross(signalLine, macdLine)
emaIsBullish = close > ema11
emaIsBearish = close < ema11
macdIsBullishStrong = macdLine > signalLine and macdLine > 0
macdIsBearishStrong = macdLine < signalLine and macdLine < 0
// --- Unified Entry 1 Logic (EMA & MACD) ---
unifiedLongEntry1 = false
unifiedShortEntry1 = false
if (emaGoldenCrossCondition and macdIsBullishStrong )
unifiedLongEntry1 := true
else if (macdGoldenCrossCondition and emaIsBullish )
unifiedLongEntry1 := true
if (emaDeathCrossCondition and macdIsBearishStrong )
unifiedShortEntry1 := true
else if (macdDeathCrossCondition and emaIsBearish )
unifiedShortEntry1 := true
// --- Unified Entry 2 Logic (Ichimoku & EMA/Volume) ---
unifiedLongEntry2 = false
unifiedShortEntry2 = false
ichimokuCloudBullish = close > senkouSpanA_plot and close > senkouSpanB_plot and
senkouSpanA_plot > senkouSpanB_plot and
tenkanSen > kijunSen and
chikouSpan > close
ichimokuCloudBearish = close < senkouSpanA_plot and close < senkouSpanB_plot and
senkouSpanB_plot > senkouSpanA_plot and
tenkanSen < kijunSen and
chikouSpan < close
// Moved ta.cross() calls outside of conditional blocks for consistent calculation.
ichimokuBullishTriggerCondition = ta.cross(tenkanSen, kijunSen)
ichimokuBearishTriggerCondition = ta.cross(kijunSen, tenkanSen)
priceCrossAboveSenkouA = ta.cross(close, senkouSpanA_plot)
priceCrossBelowSenkouA = ta.cross(senkouSpanA_plot, close)
if (ichimokuBullishTriggerCondition or (priceCrossAboveSenkouA and close > senkouSpanB_plot)) and
emaIsBullish and
bullishVolumeConfirmation
unifiedLongEntry2 := true
if (ichimokuBearishTriggerCondition or (priceCrossBelowSenkouA and close < senkouSpanB_plot)) and
emaIsBearish and
bearishVolumeConfirmation
unifiedShortEntry2 := true
// --- Weak Entry Logic ---
weakLongEntry = false
weakShortEntry = false
// Function to check for weak long entry
// Checks if the distance to the nearest resistance (R1 or R2) is less than the threshold
f_isWeakLongEntry(currentPrice) =>
bool isWeak = false
// Check R1 if it's above current price and within threshold
if dailyR1 > currentPrice and (dailyR1 - currentPrice < weakEntryTickThreshold)
isWeak := true
// Check R2 if it's above current price and within threshold (only if not already weak by R1)
else if dailyR2 > currentPrice and (dailyR2 - currentPrice < weakEntryTickThreshold)
isWeak := true
isWeak
// Function to check for weak short entry
// Checks if the distance to the nearest support (S1 or S2) is less than the threshold
f_isWeakShortEntry(currentPrice) =>
bool isWeak = false
// Check S1 if it's below current price and within threshold
if dailyS1 < currentPrice and (currentPrice - dailyS1 < weakEntryTickThreshold)
isWeak := true
// Check S2 if it's below current price and within threshold (only if not already weak by S1)
else if dailyS2 < currentPrice and (currentPrice - dailyS2 < weakEntryTickThreshold)
isWeak := true
isWeak
// Apply weak entry check to Unified Entry 1
if unifiedLongEntry1 and f_isWeakLongEntry(close)
weakLongEntry := true
if unifiedShortEntry1 and f_isWeakShortEntry(close)
weakShortEntry := true
// Apply weak entry check to Unified Entry 2
if unifiedLongEntry2 and f_isWeakLongEntry(close)
weakLongEntry := true
if unifiedShortEntry2 and f_isWeakShortEntry(close)
weakShortEntry := true
// --- Enhanced Entry Conditions with RSI and ADX ---
// Removed candlestick pattern requirement.
// Only consider an entry if RSI is not overbought/oversold AND ADX indicates trend strength.
// Enhanced Long Entry Condition
enhancedLongEntry = (unifiedLongEntry1 or unifiedLongEntry2) and
(rsi < rsiOverbought) and // RSI not overbought
(adx > adxTrendStrengthThreshold) // ADX shows trend strength
// Enhanced Short Entry Condition
enhancedShortEntry = (unifiedShortEntry1 or unifiedShortEntry2) and
(rsi > rsiOversold) and // RSI not oversold
(adx > adxTrendStrengthThreshold) // ADX shows trend strength
// --- Define colors as variables for clarity and to potentially resolve parsing issues ---
// Changed named color constants to hexadecimal values
var color strongBuyDotColor = #FFD700 // Gold
var color weakBuyDotColor = #008000 // Green
var color strongSellDotColor = #FFFFFF // White
var color weakSellDotColor = #FF0000 // Red
// --- Plotting Entry Dots on Candlesticks ---
// Define conditions for plotting only on the *first* occurrence of a signal
isNewStrongBuy = enhancedLongEntry and not weakLongEntry and not (enhancedLongEntry and not weakLongEntry )
isNewWeakBuy = enhancedLongEntry and weakLongEntry and not (enhancedLongEntry and weakLongEntry )
isNewStrongSell = enhancedShortEntry and not weakShortEntry and not (enhancedShortEntry and not weakShortEntry )
isNewWeakSell = enhancedShortEntry and weakShortEntry and not (enhancedShortEntry and weakShortEntry )
// Helper functions to check candlestick type
isCurrentCandleBullish = close > open
isCurrentCandleBearish = close < open
// Strong Buy: Gold dot (only on bullish candles)
plotshape(isNewStrongBuy and isCurrentCandleBullish ? close : na, title="Strong B", location=location.absolute, color=strongBuyDotColor, style=shape.circle, size=size.tiny)
// Weak Buy: Solid Green dot (no candlestick filter for weak buys)
// Changed text to "" and style to shape.triangleup for symbol only
plotshape(isNewWeakBuy ? close : na, title="Weak B", location=location.absolute, color=weakBuyDotColor, style=shape.triangleup, size=size.tiny)
// Strong Sell: White dot (only on bearish candles)
plotshape(isNewStrongSell and isCurrentCandleBearish ? close : na, title="Strong S", location=location.absolute, color=strongSellDotColor, style=shape.circle, size=size.tiny)
// Weak Sell: Red dot (no candlestick filter for weak sells)
// Changed text to "" and style to shape.triangledown for symbol only
plotshape(isNewWeakSell ? close : na, title="Weak S", location=location.absolute, color=weakSellDotColor, style=shape.triangledown, size=size.tiny)
// --- Plotting Indicators (Optional, for visual confirmation) ---
// All indicator plots have been removed as requested.
// plot(ema11, title="EMA 11", color=emaColor)
// plot(tenkanSen, title="Tenkan-Sen", color=tenkanColor)
// plot(kijunSen, title="Kijun-Sen", color=kijunColor)
// plot(senkouSpanA_plot, title="Senkou Span A", color=senkouAColor, offset=displacement)
// plot(senkouSpanB_plot, title="Senkou Span B", color=senkouBColor, offset=displacement)
// fill(plot(senkouSpanA_plot, offset=displacement), plot(senkouSpanB_plot, offset=displacement), color=cloudFillBullishColor, title="Cloud Fill Bullish")
// fill(plot(senkouSpanA_plot, offset=displacement), plot(senkouSpanB_plot, offset=displacement), color=cloudFillBearishColor, title="Cloud Fill Bearish")
// plot(chikouSpan, title="Chikou Span", color=chikouColor, offset=-displacement)
// plot(macdLine, title="MACD Line", color=macdLineColor, display=display.pane)
// plot(signalLine, title="Signal Line", color=signalLineColor, display=display.pane)
// plot(hist, title="Histogram", color=hist >= 0 ? histGreenColor : histRedColor, style=plot.style_columns, display=display.pane)
// plot(rsi, title="RSI", color=rsiPlotColor, display=display.pane)
// hline(rsiOverbought, "RSI Overbought", color=rsiHlineRedColor, linestyle=hline.style_dashed, display=display.all)
// hline(rsiOversold, "RSI Oversold", color=rsiHlineGreenColor, linestyle=hline.style_dashed, display=display.all)
// plot(adx, title="ADX", color=adxPlotColor, display=display.pane)
// hline(adxTrendStrengthThreshold, "ADX Threshold", color=adxHlineColor, linestyle=hline.style_dashed, display=display.all)
// plot(diPlus, title="+DI", color=diPlusColor, display=display.pane)
// plot(diMinus, title="-DI", color=diMinusColor, display=display.pane)
// plot(dailyPP, title="Daily PP", color=dailyPPColor, style=plot.style_line, linewidth=1)
// plot(dailyR1, title="Daily R1", color=dailyRColor, style=plot.style_line, linewidth=1)
// plot(dailyR2, title="Daily R2", color=dailyRColor, style=plot.style_line, linewidth=1)
// plot(dailyS1, title="Daily S1", color=dailySColor, style=plot.style_line, linewidth=1)
// plot(dailyS2, title="Daily S2", color=dailySColor, style=plot.style_line, linewidth=1)
// --- Alerts (Optional) ---
alertcondition(enhancedLongEntry and not weakLongEntry, title="Strong Buy Alert", message="CME Crude Oil: Strong Buy Entry!")
alertcondition(enhancedLongEntry and weakLongEntry, title="Weak Buy Alert", message="CME Crude Oil: Weak Buy Entry Detected!")
alertcondition(enhancedShortEntry and not weakShortEntry, title="Strong Sell Alert", message="CME Crude Oil: Strong Sell Entry!")
alertcondition(enhancedShortEntry and weakShortEntry, title="Weak Sell Alert", message="CME Crude Oil: Weak Sell Entry Detected!")
EMA Cross IndicatorHow to Use the Indicator
Interpreting Signals:
Bullish Crosses: Look for green triangles below the bars, indicating a shorter EMA crossing above a longer EMA (e.g., EMA 10 > EMA 20).
Bearish Crosses: Look for red triangles above the bars, indicating a shorter EMA crossing below a longer EMA (e.g., EMA 10 < EMA 20).
Setting Alerts: In TradingView, click the "Alerts" icon, select the condition (e.g., "Bullish Cross: EMA50 > EMA100"), and configure your notification preferences (e.g., email, popup).
Customization: Adjust the EMA lengths in the indicator settings to experiment with different periods if desired.
This indicator is designed to work on any timeframe and asset, including BTC/USDT, which you use to gauge trends for other coins. Let me know if you'd like to tweak it further or add more features!
All SMAs Bullish/Bearish Screener (Visually Enhanced)Title: All SMAs Bullish/Bearish Screener Enhanced: Uncover Elite Trend Opportunities with Confidence & Clarity
Description:
Are you striving to master the art of trend-following, but often find yourself overwhelmed by market noise and ambiguous signals? Do you yearn for a trading edge that clearly identifies high-conviction opportunities and equips you with robust risk management principles? Look no further. The "All SMAs Bullish/Bearish Screener Enhanced" is your ultimate solution – a meticulously crafted Pine Script indicator designed to cut through the clutter, pinpointing stocks where the trend is undeniably strong, and providing you with the clarity you need to trade with confidence.
The Pinnacle of Confluence: Beyond Simple Averages
This is not just another moving average indicator. This is a sophisticated, multi-layered analytical engine built on the profound principle of Confluence. While our core strength lies in tracking a comprehensive suite of six critical Simple Moving Averages (5, 10, 20, 50, 100, and 200-period SMAs), this Enhanced version elevates signal reliability by integrating powerful, independent confirmation layers:
Momentum (Rate of Change - ROC): A true trend isn't just about direction; it's about the force and persistence of price movement. The Momentum filter ensures that the trend is backed by accelerating buying (for bullish signals) or selling (for bearish signals) pressure, validating its underlying strength.
Volume Confirmation: Smart money always leaves a trail. Significant price moves, especially trend continuations or reversals, demand genuine participation. This enhancement confirms that the "All SMAs" alignment is accompanied by above-average volume, signaling institutional conviction and differentiating authentic moves from mere whipsaws.
Relative Strength Index (RSI) Bias: The RSI helps gauge the health of the trend. For a bullish signal, we confirm RSI maintains a bullish bias (above 50), while for a bearish signal, we look for a bearish bias (below 50). This adds another layer of qualitative validation, ensuring the trend isn't overextended without confirmation.
When a stock's price is trading above ALL six critical SMAs, and is simultaneously confirmed by strong positive Momentum, robust Volume, and a bullish RSI bias, you are witnessing a powerful "STRONGLY BULLISH" signal. This rare alignment often precedes sustained upward moves and signifies a prime accumulation phase across all time horizons. Conversely, a "STRONGLY BEARISH" signal, where price is below ALL SMAs with compelling negative Momentum, validating Volume, and a bearish RSI bias, indicates significant distribution and potential for substantial downside.
Seamless Usage & Unmatched Visual Clarity:
Adding this script to your TradingView chart is simple, and its visual design has been meticulously optimized for maximum readability:
Easy Integration: Paste the script into your Pine Editor and click "Add to Chart."
Full Customization: All SMA lengths, RSI periods, Volume SMA periods, and Momentum periods are easily adjustable via user-friendly input settings, allowing you to fine-tune the strategy to your precise preferences.
Optimal Timeframes:
For identifying robust, actionable trends for swing and position trading, Daily (1D) and 4-Hour (240 min) timeframes are highly recommended. These capture significant market movements with reduced noise.
While the script functions on shorter timeframes (e.g., 15min, 60min), these are best reserved for highly active day traders seeking precise entry triggers within broader trends, as shorter timeframes are prone to increased volatility and noise.
Important Note on Candle Size: The width of candles on your chart is controlled by TradingView's platform settings and your zoom level, not directly by Pine Script. To make candles appear larger, simply zoom in horizontally on your chart or adjust the "Bar Spacing" in your Chart Settings (Right-click chart > Settings > Symbol Tab).
Crystal-Clear Visual Signals:
Subtle Background Hues: The chart background will subtly tint lime green for "STRONGLY BULLISH" and red for "STRONGLY BEARISH" conditions. This transparency ensures your underlying candles remain perfectly visible.
Distinct Moving Averages: SMAs are plotted with increased line thickness and a carefully chosen color palette for easy identification.
Precise Signal Triangles: Small, clean green triangles below the bar signify "STRONGLY BULLISH," while small red triangles above the bar mark "STRONGLY BEARISH" conditions. These are unobtrusive yet clear.
Dedicated Indicator Panes: RSI and Momentum plots, along with their key levels, now appear in their own separate, clean sub-panes below the main price chart, preventing clutter and allowing for focused analysis.
On-Chart Status Table: A prominent table in your chosen corner of the chart provides an immediate, plain-language update on the current trend status.
Real-Time Screener Power (via TradingView Alerts): This is your ultimate automation tool. Set up custom alerts for "Confirmed Bullish Trade" or "Confirmed Bearish Trade" conditions. Receive instant notifications (email, app, webhook) for any stock in your watchlist that meets these stringent, high-conviction criteria, allowing you to react swiftly to premium setups across the market without constant chart monitoring.
Mastering Risk & Rewards: The Trader's Edge
Finding a signal is only the first step. This script helps you trade intelligently by guiding your risk management:
Strategic Stop-Loss Placement: Your stop-loss is your capital protector. For a "STRONGLY BULLISH" trade, place it just below the most recent significant swing low (higher low). This is where the uptrend's structure is invalidated. For "STRONGLY BEARISH" trades, place it just above the most recent significant swing high (lower high). As an alternative, consider placing your stop just outside the 20-period SMA; a close beyond this mid-term average often signals a crucial shift. Always ensure your chosen stop-loss aligns with your strict risk-per-trade rules (e.g., risking no more than 1-2% of your capital per trade).
Disciplined Profit Booking: Don't just let winners turn into losers. Employ a strategy to capture gains:
Trailing Stop-Loss: As your trade moves into profit, dynamically move your stop-loss upwards (for longs) or downwards (for shorts). You can trail it by following subsequent swing lows/highs or by using a faster Moving Average like the 10 or 20-period SMA as a dynamic exit point if price closes beyond it. This allows you to ride extended trends while protecting accumulated gains.
Target Levels: Identify potential profit targets using traditional support/resistance levels, pivot points, or Fibonacci extensions. Consider taking partial profits at these key junctures to secure gains while letting a portion of your position run.
Loss of Confluence: A unique exit signal for this script is the breakdown of the "STRONGLY BULLISH" or "STRONGLY BEARISH" confluence itself. If the confirmation layers or even a few of the core SMAs are no longer aligned, it might be time to re-evaluate or exit, even if your hard stop hasn't been hit.
The "All SMAs Bullish/Bearish Screener Enhanced" is more than just code; it's a philosophy for disciplined trend trading. By combining comprehensive multi-factor confluence with intuitive visuals and robust risk management principles, you're equipped to make smarter, higher-conviction trading decisions. Add it to your favorites today and transform your approach to the markets!
#PineScript #TradingView #SMA #MovingAverage #TrendFollowing #StockScreener #TechnicalAnalysis #Bullish #Bearish #MarketScanner #Momentum #Volume #RSI #Confluence #TradingStrategy #Enhanced #Signals #Analysis #DayTrading #SwingTrading
All SMAs Bullish/Bearish Screener (Enhanced)All SMAs Bullish/Bearish Screener Enhanced: Uncover High-Conviction Trend Alignments with Confidence
Description:
Are you ready to elevate your trading from mere guesswork to precise, data-driven decisions? The "All SMAs Bullish/Bearish Screener Enhanced" is not just another indicator; it's a sophisticated, yet user-friendly, trend-following powerhouse designed to cut through market noise and pinpoint high-probability trading opportunities. Built on the foundational strength of comprehensive Moving Average confluence and fortified with critical confirmation signals from Momentum, Volume, and Relative Strength, this script empowers you to identify truly robust trends and manage your trades with unparalleled clarity.
The Power of Multi-Factor Confluence: Beyond Simple Averages
In the unpredictable world of financial markets, true strength or weakness is rarely an isolated event. It's the harmonious alignment of multiple technical factors that signals a high-conviction move. While our original "All SMAs Bullish/Bearish Screener" intelligently identified stocks where price was consistently above or below a full spectrum of Simple Moving Averages (5, 10, 20, 50, 100, 200), this Enhanced version takes it a crucial step further.
We've integrated a powerful three-pronged confirmation system to filter out weaker signals and highlight only the most compelling setups:
Momentum (Rate of Change - ROC): A strong trend isn't just about price direction; it's about the speed and intensity of that movement. Positive momentum confirms that buyers are still aggressively pushing price higher (for bullish signals), while negative momentum validates selling pressure (for bearish signals).
Volume: No trend is truly trustworthy without the backing of smart money. Above-average volume accompanying an "All SMAs" alignment signifies strong institutional participation and conviction behind the move. It separates genuine trend starts from speculative whims.
Relative Strength Index (RSI): This versatile oscillator ensures the trend isn't just "there," but that it's developing healthily. We use RSI to confirm a bullish bias (above 50) or a bearish bias (below 50), adding another layer of confidence to the direction.
When the price aligns above ALL six critical SMAs, and is simultaneously confirmed by robust positive momentum, healthy volume, and a bullish RSI bias, you have an exceptionally strong "STRONGLY BULLISH" signal. This confluence often precedes sustained upward moves, signaling prime accumulation phases. Conversely, a "STRONGLY BEARISH" signal, where price is below ALL SMAs with negative momentum, confirming volume, and a bearish RSI bias, indicates powerful distribution and potential for significant downside.
How to Use This Enhanced Screener:
Add to Chart: Go to TradingView's Pine Editor, paste the script, and click "Add to Chart."
Customize Parameters: Fine-tune the lengths of your SMAs, RSI, Momentum, and Volume averages via the indicator's settings. Experiment to find what best suits your trading style and the assets you trade.
Choose Your Timeframe Wisely:
Daily (1D) and 4-Hour (240 min) are highly recommended. These timeframes cut through intraday noise and provide more reliable, actionable signals for swing and position trading.
Shorter timeframes (e.g., 15min, 60min) can be used by advanced day traders for very short-term entries, but be aware of increased volatility and noise.
Visual Confirmation:
Green/Red Triangles: Appear on your chart, indicating confirmed bullish or bearish signals.
Background Color: The chart background will subtly turn lime green for "STRONGLY BULLISH" and red for "STRONGLY BEARISH" conditions.
On-Chart Status Table: A clear table displays the current signal status ("STRONGLY BULLISH/BEARISH," or "SMAs Mixed") for immediate feedback.
Set Up Alerts (Your Primary Screener Tool): This is the game-changer! Create custom alerts on TradingView based on the "Confirmed Bullish Trade" and "Confirmed Bearish Trade" conditions. Receive instant notifications (email, pop-up, mobile) for any stock in your watchlist that meets these stringent criteria. This allows you to scan the entire market effortlessly and act decisively.
Strategic Stop-Loss Placement: The Trader's Lifeline
Even the most robust signals can fail. Protecting your capital is paramount. For this trend-following strategy, your stop-loss should be placed where the underlying trend structure is broken.
For a "STRONGLY BULLISH" Trade: Place your stop-loss just below the most recent significant swing low (higher low). This is the last point where buyers stepped in to support the price. If price breaks below this, your bullish thesis is invalidated.
For a "STRONGLY BEARISH" Trade: Place your stop-loss just above the most recent significant swing high (lower high). If price breaks above this, your bearish thesis is invalidated.
Alternatively, consider placing your stop-loss just below the 20-period SMA (for bullish trades) or above the 20-period SMA (for bearish trades). A significant close beyond this intermediate-term average often indicates a critical shift in momentum. Always ensure your chosen stop-loss adheres to your pre-defined risk per trade (e.g., 1-2% of capital).
Disciplined Profit Booking: Maximizing Gains
Just as important as knowing when you're wrong is knowing when to take profits.
Trailing Stop-Loss: As your trade moves into profit, trail your stop-loss upwards (for longs) or downwards (for shorts). You can trail it using:
Previous Swing Lows/Highs: Move your stop to just below each new higher low (for longs) or just above each new lower high (for shorts).
A Moving Average (e.g., 10-period or 20-period SMA): If price closes below your chosen trailing SMA, exit. This allows you to ride the trend while protecting accumulated profits.
Target Levels: Identify potential resistance levels (for longs) or support levels (for shorts) using pivot points, previous highs/lows, or Fibonacci extensions. Consider taking partial profits at these levels and letting the rest run with a trailing stop.
Loss of Confluence: If the "STRONGLY BULLISH/BEARISH" condition ceases to be met (e.g., RSI crosses below 50, or volume drops significantly), this can be a signal to reduce or exit your position, even if your stop-loss hasn't been hit.
The "All SMAs Bullish/Bearish Screener Enhanced" is your comprehensive partner in navigating the markets. By combining robust trend identification with critical confirmation signals and disciplined risk management, you're equipped to make smarter, more confident trading decisions. Add it to your favorites and unlock a new level of precision in your trading journey!
#PineScript #TradingView #SMA #MovingAverage #TrendFollowing #StockScreener #TechnicalAnalysis #Bullish #Bearish #QQQ #Momentum #Volume #RSI #SPY #TradingStrategy #Enhanced #Signals #Analysis #DayTrading #SwingTrading
RAHA Strategy - Short
Roni's Adjusted Hybrid Average – a formula developed by Aharon Roni Pesach.
What is RAHA?
This is an adjusted hybrid average that gives different weight to outliers:
The extreme values (particularly high or low) receive a lower weight.
The calculation is based on the standard deviation and average of the data.
This results in a more sensitive but stable average that does not ignore outliers – but rather considers them in proportion.
The RAHA Short Strategy identifies a negative trend and enters when clear technical conditions are met, such as a downward slope of RAHA 40, RAHA 10 crossing below RAHA 20, and the absence of a sequence of 3 red candles.
Entry is also made in the exceptional case of a red candle above the Bollinger Band.
The position size is determined by 1% of the capital divided by the stop.
The exit is carried out by a stop above the high, or under additional conditions below the profit target (TP).
אסטרטגיית השורט RAHA מבוססת על נוסחת ממוצע ייחודית בשם RAHA – ראשי תיבות של:
Roni's Adjusted Hybrid Average – נוסחה שפיתח אהרון רוני פסח.
מהו RAHA?
מדובר בממוצע היברידי מתואם המעניק משקל שונה לנתונים חריגים:
הערכים הקיצוניים (גבוהים או נמוכים במיוחד) מקבלים משקל נמוך יותר.
החישוב מבוסס על סטיית התקן והממוצע של הנתונים.
כך מתקבל ממוצע רגיש אך יציב יותר, שאינו מתעלם מהחריגים – אלא מתחשב בהם בפרופורציה.
אסטרטגיית השורט RAHA מזהה מגמה שלילית ומבצעת כניסה כשמתקיימים תנאים טכניים ברורים, כמו שיפוע יורד של RAHA 40, חציית RAHA 10 מתחת ל‑RAHA 20, והיעדר רצף של 3 נרות אדומים.
הכניסה מבוצעת גם במקרה חריג של נר אדום מעל רצועת בולינגר.
גודל הפוזיציה נקבע לפי 1% מההון חלקי הסטופ.
היציאה מבוצעת לפי סטופ מעל הגבוה, או בתנאים נוספים מתחת ליעד הרווח (TP).
RAHA Strategy - LongThe RAHA Long Strategy is based on a unique average formula called RAHA – an acronym for:
Roni's Adjusted Hybrid Average – a formula developed by Aharon Roni Pesach.
What is RAHA?
This is an adjusted hybrid average that gives different weight to outliers:
The extreme values (particularly high or low) receive a lower weight.
The calculation is based on the standard deviation and average of the data.
This results in a more sensitive but stable average that does not ignore outliers – but rather considers them in proportion.
The RAHA Long Strategy identifies a positive trend and enters when clear technical conditions are met, such as an upward slope of RAHA 40, RAHA 10 crossing above RAHA 20, and the absence of a sequence of 3 green candles.
Entry is also made in the exceptional case of a green candle below the Bollinger Band.
The position size is determined by 1% of the capital divided by the stop.
The exit is carried out by a stop below the low, or under additional conditions above the profit target (TP).
אסטרטגיית הלונג RAHA מבוססת על נוסחת ממוצע ייחודית בשם RAHA – ראשי תיבות של :
Roni's Adjusted Hybrid Average – נוסחה שפיתח אהרון רוני פסח.
מהו RAHA?
מדובר בממוצע היברידי מתואם המעניק משקל שונה לנתונים חריגים:
הערכים הקיצוניים (גבוהים או נמוכים במיוחד) מקבלים משקל נמוך יותר.
החישוב מבוסס על סטיית התקן והממוצע של הנתונים.
כך מתקבל ממוצע רגיש אך יציב יותר, שאינו מתעלם מהחריגים – אלא מתחשב בהם בפרופורציה.
אסטרטגיית הלונג RAHA מזהה מגמה חיובית ומבצעת כניסה כשמתקיימים תנאים טכניים ברורים, כמו שיפוע עולה של RAHA 40, חציית RAHA 10 מעל RAHA 20, והיעדר רצף של 3 נרות ירוקים.
הכניסה מבוצעת גם במקרה חריג של נר ירוק מתחת לרצועת בולינגר.
גודל הפוזיציה נקבע לפי 1% מההון חלקי הסטופ.
היציאה מבוצעת לפי סטופ מתחת לנמוך, או בתנאים נוספים מעל יעד הרווח (TP).
Custom EMA High/Low & SMA - [GSK-VIZAG-AP-INDIA] Custom EMA High/Low & SMA -
1. Overview
This indicator overlays a dynamic combination of Exponential Moving Averages (EMA) and Simple Moving Average (SMA) to identify momentum shifts and potential entry/exit zones. It highlights bullish or bearish conditions using color-coded SMA logic and provides visual Buy/Sell signals based on smart crossover and state-based logic.
2. Purpose / Use Case
Designed for traders who want to visually identify momentum breakouts, trend reversals, or pullback opportunities, this tool helps:
Spot high-probability buy/sell zones
Confirm price strength relative to volatility bands (EMA High/Low)
Time entries based on clean visual cues
It works well in trend-following strategies, particularly in intraday or swing setups across any liquid market (indices, stocks, crypto, etc.).
3. Key Features & Logic
✅ EMA High/Low Channel: Acts as dynamic support/resistance boundaries using 20-period EMAs on high and low prices.
✅ Timeframe-Specific SMA: A 33-period SMA calculated from a user-defined timeframe (default: 10-minute) for flexible multi-timeframe analysis.
✅ Signal Generation:
Buy: When SMA drops below EMA Low and close is above EMA High.
Sell: When SMA rises above EMA High and price closes below both EMAs.
Optionally, signals also fire based on SMA color changes (green = bullish, red = bearish).
✅ Strict or Loose Signal Logic: Choose between precise crossovers or broader state-based conditions.
✅ Debugging Tools: Optional markers for granular insight into condition logic.
4. User Inputs & Settings
Input Description
EMA High Length Period for EMA of high prices (default: 20)
EMA Low Length Period for EMA of low prices (default: 20)
SMA Length Period for Simple Moving Average (default: 33)
SMA Timeframe Timeframe for SMA (default: “10”)
Show Buy/Sell Arrows Enable visual arrow signals for Buy/Sell
Strict Signal Logic ON = crossover-based signals; OFF = state logic
Plot Signals on SMA Color Change Enable signals on SMA color shifts (Green/Red)
Show Debug Markers Plot small markers to debug condition logic
5. Visual Elements Explained
🔵 EMA High Line – Blue line marking dynamic resistance
🔴 EMA Low Line – Red line marking dynamic support
🟡 SMA Line – Color-coded based on position:
Green if SMA < EMA Low (Bullish)
Red if SMA > EMA High (Bearish)
Yellow otherwise (Neutral)
✅ BUY / SELL Labels – Displayed below or above candles on valid signals
🛠️ Debug Circles/Triangles – Help visually understand the signal logic when enabled
6. Usage Tips
Best used on 5–30 min timeframes for intraday setups or 1H+ for swing trades.
Confirm signals with volume, price action, or other confluences (like support/resistance).
Use strict mode for more accurate entries, and non-strict mode for broader trend views.
Ideal for identifying pullbacks into trend, or early reversals after volatility squeezes.
7. What Makes It Unique
Multi-timeframe SMA integrated with EMA High/Low bands
Dual signal logic (crossover + color shift)
Visually intuitive and beginner-friendly
Minimal clutter with dynamic signal labeling
Debug mode for transparency and learning
8. Alerts & Automation
The indicator includes built-in alert conditions for:
📈 Buy Alert: Triggered when a bullish condition is detected.
🔻 Sell Alert: Triggered when bearish confirmation is detected.
These alerts can be used with TradingView's alert system for real-time notifications or bot integrations.
9. Technical Concepts Used
EMA (Exponential Moving Average): Reacts faster to recent price, ideal for trend channels
SMA (Simple Moving Average): Smoother average for detecting general trend direction
Crossover Logic: Checks when SMA crosses over or under EMA levels
Color Coding: Visual signal enhancement based on relative positioning
Multi-Timeframe Analysis: SMA calculated on a custom timeframe, powerful for confirmation
10. Disclaimer
This script is for educational and informational purposes only. It is not financial advice. Always backtest thoroughly and validate on demo accounts before applying to live markets. Trading involves risk, and past performance does not guarantee future results.
11. Author Signature
📌 Indicator Name: Custom EMA High/Low & SMA -
👤 Author: GSK-VIZAG-AP-INDIA
Exponential Moving Averages📘 Exponential Moving Averages – Clean & Focused Trend Tool
This script displays five Exponential Moving Averages (EMAs) — 10, 20, 50, 100, and 200 — that are commonly used by professional traders to identify short-, medium-, and long-term trend directions. It offers a simple, no-setup-needed solution for visualizing market momentum and price structure on any timeframe.
🧠 Why This Script Was Created
Previously, many users faced confusion with built-in moving average scripts, where they had to manually change the type to EMA from the default SMA (Simple Moving Average). This extra step was unintuitive for newer users and could lead to misinterpretation of signals.
To solve this, we’ve created a dedicated script that only plots Exponential Moving Averages — no configuration needed. EMAs are more responsive to price changes and widely used in real-world trading setups, especially for intraday and swing strategies.
🔍 How It Works
EMA 10 & 20 – Detect short-term momentum shifts.
EMA 50 & 100 – Help visualize medium-term trend strength.
EMA 200 – Tracks long-term trend direction and institutional positioning.
Each EMA is plotted with distinct colors and line thickness to make trend tracking fast and intuitive.
⚙️ How to Use
Use across any timeframe (5m, 1H, 1D, etc.).
Watch for crossovers between shorter and longer EMAs.
Observe price interaction with EMAs as dynamic support/resistance levels.
Combine with other tools like RSI, volume, or price action patterns for confirmation.
🌟 What Makes It Unique
No settings confusion: Always uses EMA — no manual adjustments needed.
Multiple EMAs in one: Avoid clutter by combining essential levels in a clean overlay.
Practical by design: Built for traders who prefer responsive, real-time trend signals.
MACD Triple divergence signalsThis script is a basic combination of several scripts that I found very useful. It's a MACD divergence on steroids. Instead of using only one plot as a source for detecting divergence, I use all of the plots.
The idea is that if more divergence signals appear—especially after a prolonged downtrend or uptrend—they can be interpreted as a strong divergence signal.
The third divergence signal is taken from the MACD signal line. It has a longer-term lookback range, which could provide a more reliable divergence signal.
The default minimum lookback range is 15, much greater than the usual value of 5. This makes it more suitable for long-term trading or for lower timeframes (lower than 4H) to reduce noise from excessive signals. For timeframes higher than 4H, the setting can be reduced to around 10 or even 5.
For the 1W (weekly) timeframe, try using a value of 3.
I also added a band to give a clear visual of overbought and oversold areas. It works similarly to Bollinger Bands (BB). You can spot when the price is ranging or when a stop-loss hunt occurs (i.e., the price breaks the band).
Please do your homework—backtest it yourself to find which timeframe suits you best. You can also tweak the settings if you find the default values too aggressive or too mild.
I’ve found that MACD is more reliable on timeframes greater than 1H. Personally, I use it on the 4H and 1D timeframes.
in bahasa:
MACD dengan 3 sinyal divergence, kalau muncul lebih banyak, bisa jadi sinyal lebih menyakinkan.
Minimum lookback range default-nya 15 agar tidak muncul terlalu banyak sinyal. 15 lebih panjang, lebih ok. Kalau main di higher timeframe seperti 1D, bisa 5-10, kalau weeky timeframe = 3.
Untuk band, cek ketika plot-nya keluar dari band, itu bisa jadi jackpot, apalagi kalau plot-nya membentuk double bottom.
Backtest sendiri, siapa tahu kalian bisa dapet setting sendiri.
MACD with upper and lower band will give you a clear visual of price movements
More divergence signals are generated and when the price breaks out of the oversold band = jackpot.
Iceberg DetectorThis Pine-script indicator helps you spot potential “iceberg” order activity by highlighting bars where volume spikes well above its average while price movement remains unusually muted. It’s purely a heuristic—no true bid/ask or futures order‐flow data is used—so treat every signal as an invitation to investigate, not as a standalone buy/sell trigger.
How It Works • Volume vs. Volume-SMA: The script compares each bar’s total volume to an N-bar simple moving average. • Price Movement vs. Movement-SMA: It measures the bar’s percent change (|close–open|/open×100) against its own N-bar SMA. • Sensitivity Slider: From 1 (loose filter) to 10 (strict filter), you control how extreme the volume spike (and muted move) must be to fire a signal. • Pivot-Style Extremes Filter: Short signals only appear when price is at or very near a recent local high, and long signals only when price is at or very near a recent local low. This dramatically cuts down “noise” on lower timeframes—script execution halts on intraday charts below 1 H.
How to Use
Apply to an hourly (or higher) chart.
Tweak “Length” parameters for your preferred look-back on volume and movement SMAs.
Adjust “Sensitivity” from 1 (more signals, weaker divergences) up to 10 (very rare, extreme divergences).
Watch for red triangles above bars (Iceberg-Short) and green triangles below (Iceberg-Long).
Important Disclaimers • This is NOT a genuine order-flow or footprint tool—it only approximates delta by bar direction. • Always contextualize Short signals near the lower end of a range or support zone, and Long signals near the upper end of a range or resistance zone. • Use additional confirmation (price patterns, larger-timeframe pivots, traditional volume/price analysis) before risking real capital.
By combining volume spikes with muted price action at range extremes, you gain a fresh lens on where hidden large orders might be lurking—without needing a dedicated order-flow feed. Use it as an idea‐generator, not as gospel
Triple Configurable VWAPTriple Configurable VWAP Indicator
This advanced VWAP (Volume Weighted Average Price) indicator displays three independently configurable VWAP lines on your chart, providing multiple timeframe perspectives for better trading decisions.
Key Features:
• Three Customizable VWAP Periods: Configure each VWAP independently with periods ranging from 1 to 365 days
Default: 10-day (Green), 30-day (Red), 365-day (Blue)
• Dynamic Visual Elements:
Color-coded lines for easy identification
Smart labels at the current price level with matching colors
Contrasting text colors for optimal readability
• Interactive Information Table:
Toggle on/off display
Repositionable to any corner or side of the chart
Shows each VWAP period with corresponding color indicators
Larger, easy-to-read font size
• Professional Calculation Method:
Uses daily timeframe data for accurate VWAP calculations
Anchored VWAP starting from your specified lookback periods
Proper volume weighting for institutional-grade accuracy
Use Cases:
Short-term Trading: 10-day VWAP for recent price action analysis
Medium-term Analysis: 30-day VWAP for monthly trend assessment
Long-term Perspective: 365-day VWAP for yearly institutional levels
Perfect for traders who need multiple VWAP timeframes simultaneously to identify key support/resistance levels, trend direction, and institutional price points across different time horizons.
Super PerformanceThe "Super Performance" script is a custom indicator written in Pine Script (version 6) for use on the TradingView platform. Its main purpose is to visually compare the performance of a selected stock or index against a benchmark index (default: NIFTYMIDSML400) over various timeframes, and to display sector-wise performance rankings in a clear, tabular format.
Key Features:
Customizable Display:
Users can toggle between dark and light color themes, enable or disable extended data columns, and choose between a compact "Mini Mode" or a full-featured table view. Table positions and sizes are also configurable for both stock and sector tables.
Performance Calculation:
The script calculates percentage price changes for the selected stock and the benchmark index over multiple periods: 1, 5, 10, 20, 50, and 200 days. It then checks if the stock is outperforming the index for each period.
Conviction Score:
For each period where the stock outperforms the index, a "conviction score" is incremented. This score is mapped to qualitative labels such as "Super solid," "Solid," "Good," etc., and is color-coded for quick visual interpretation.
Sector Performance Table:
The script tracks 19 sector indices (e.g., REALTY, IT, PHARMA, AUTO, ENERGY) and calculates their performance over 1, 5, 10, 20, and 60-day periods. It then ranks the top 5 performing sectors for each timeframe and displays them in a sector performance table.
Visual Output:
Two tables are constructed:
Stock Performance Table: Shows the stock's returns, index returns, outperformance markers (✔/✖), and the difference for each period, along with the overall conviction score.
Sector Performance Table: Ranks and displays the top 5 sectors for each timeframe, with color-coded performance values for easy comparison.
Top 5 Sector Performancehe indicator creates a table showing:
Top 5 performing sectors for 3 timeframes: 1-day, 10-day, and 20-day periods
Performance data including sector name and percentage change
Color-coded results: Green (positive), Red (negative), Gray ("N/A" for missing data)
Key Features
Table Structure:
Columns: Rank | 1-Day | 10-Day | 20-Day
Rows: Top 5 sectors for each timeframe
Header: Dark gray background with white text
Rows: Alternating dark gray shades for readability
Breakout Strategy with Dynamic SL LabelDescription:
This script identifies breakout trading opportunities using adaptive support and resistance levels, adjusted dynamically based on market volatility. A trade signal is generated only when a breakout candle is followed by a confirming close in the same direction. The signal is displayed on the chart as a labeled marker that includes a suggested stop-loss level based on the highest high or lowest low of the past 10 bars, ensuring structure-aware risk management.
🧩 How it Works:
Adaptive S/R Zones: Based on volatility-normalized swing highs/lows using ATR. These zones automatically adjust to changing market conditions.
Confirmation Logic: Trade signals only appear after the second candle confirms the breakout, helping reduce false signals.
Single Signal Rule: Only one buy or sell label is printed per breakout level, avoiding repeated triggers.
Embedded Stop Loss in Label: SL value is calculated from the 10-bar high (for shorts) or low (for longs) and included in the signal label.
⚙️ User Inputs Explained:
Base Swing Strength: Controls the pivot sensitivity; higher values detect stronger reversal points.
Line Duration: Number of bars that horizontal S/R levels remain visible.
ATR Period: Length used to calculate volatility for adaptive S/R logic.
Volatility Sensitivity: Adjusts how responsive the S/R zone strength is to volatility. Higher = more responsive.
Stop-Loss Lookback (Bars): Defines the number of candles to reference when calculating SL from high/low structure.
Max Lines Stored: Controls chart clutter by limiting how many S/R zones are kept active.
🟩 Ideal for:
Breakout traders who value clean structure, confirmation, and built-in risk logic.
Scalpers and swing traders looking for adaptive, low-latency signals without repainting.
Chartists who want minimal indicators but maximum signal clarity.
Niveaux Dealers + Previous M W D📊 TradingView Script – Dealers Levels & Previous D/W/M
🔹 General Purpose:
This advanced script provides a clear view of key market levels used by professional traders for scalping, day trading, and technical analysis. It combines manual levels (Dealer) set by the user with automated levels based on the previous day, week, and month’s highs and lows.
⸻
🧩 1. Dealers Levels Module (Manual)
✅ Features:
• Displays 28 customizable levels, grouped into 4 categories:
• Maxima: Buyer Control, Max Day, Max Event, Max Extreme
• Minima: Seller Control, Min Day, Min Event, Min Extreme
• Call Resistance: 10 user-defined levels
• Pull Support: 10 user-defined levels
🎨 Customization:
• Each level’s value is manually entered
• Line color, style, and thickness can be customized
• Display includes transparent labels with a clean design
🔧 Options:
• Line extension configurable:
• To the left: from 1 to 499 bars
• To the right: from 1 to 100 bars
• Label display can be toggled on/off
⸻
🧩 2. Previous Daily / Weekly / Monthly Levels Module (Automatic)
✅ Features:
• Automatically detects and plots:
• Previous Daily High / Low
• Previous Weekly High / Low
• Previous Monthly High / Low
🎯 Technical Details:
• Accurate calculation based on closed periods
• Dynamically extended lines (past and future projection)
• Labels aligned with the right-hand extension of each line
🎨 Customization:
• Each level has configurable color, line style, and thickness
• Labels use rectangle style with transparent background
⸻
⚙ Global Script Settings:
• Toggle display of labels (✔/❌)
• Configurable left extension (1–499) and right extension (1–100)
• Settings panel organized into groups for clarity and ease of use
⸻
💡 Usefulness:
This script provides traders with a precise map of price reaction zones, combining fixed institutional zones (Dealer levels) with dynamic historical levels (D/W/M). It’s ideal for intraday strategies on indices (e.g., Nasdaq), crypto, or forex markets.
Scanner Candles v2.01The "Scanner Candle v.2.01" is an indicator classifies candles based on the body/range ratio: indecisive (small body, ≤50%), decisive (medium body), explosive (large body, ≥70%). It includes EMAs to identify trends and "Reset Candles" (RC), small-bodied candles near EMAs, signaling potential reversals or continuations. Useful for analyzing volatility, breakouts, reversals, and risk management.
Description of the indicator:
The "Scanner Candle v.2.01" indicator classifies candles into three categories based on the proportion of the candle's body to its range (high-low):
Indecisive: candles with a small body (≤ set threshold, default 50%), indicating low volatility or market uncertainty.
Decisive: candles with a medium body, reflecting a clear but not extreme price movement.
Explosive: candles with a large body (≥ set threshold, default 70%), signaling strong directional moves.
Additionally, the indicator includes:
Customizable exponential moving averages (EMAs) to identify trends and support/resistance levels.
Detection of "Reset Candles" (RC), specific candles (e.g., dojis, ) with a small bodies body near EMAs, useful for identifying potential reversal or continuation points.
Coloring and visualization:
Candles are colored by category (white for indecisive, orange for decisive, purple for explosive).
Reset Candles are marked with circles above/below the candle (green for bullish, red for bearish).
Potential uses:
Volatility analysis: Identifying uncertain (indecisive), directional (decisive), or impulsive (explosive) market phases.
Breakout trading: Explosive candles can signal entry opportunities on strong moves.
Reversal detection: Reset Candles near EMAs can indicate turning points or trend continuation.
Trend-following support: Integrated EMAs contextualize candles within the main trend.
Risk management: Indecisive candles suggest avoiding trades in low-directionality phases.
The indicator is customizable (thresholds, colors, thresholdsEMAs, ) and adaptable to various timeframes and strategies, from day trading to swing trading.
Reset Candles:
Reset Candles (RC) are specific candles signaling potential reversals or continuations, often near EMAs. They are defined by:
Small body: Body < 5% of the range of the last 10 candles, indicating low volatility (e.g., doji).
EMA proximity: The candle is near or crosses a defined EMA (e.g., 10, 60, or 223 periods).
Trend conditions: Follows a red candle, with the close of the previous previous candles above a specific EMA, suggesting a potential bullish resumption or stabilization.
Limited spike: The candle has minimal tails (spikes, ) below a set threshold (default 1%).
Minimum timeframe: Appears on timeframes ≥ set value (default 5 minutes) or daily charts.
Non-consecutive: Not preceded by other RCs in the last 3 candles.
Types:
Doji_fin: Green circle above, signaling a bullish bullish setup near longer EMAs.
Dojifin_2: Yellow Red circle below, signaling a bearish setup near shorter EMAs.
Trading uses:
Reversal: RCs near EMAs signal bounces or rejections, ideal for counter-trend trades.
Continuation: In trends, RCs indicate pauses before trend resumption, offering low-risk entries.
Support/resistance confirmation: EMA proximity strengthens the level's significance.
Risk management: Small bodies and EMA proximity allow tight stop-losses.
Limitations:
False signals: Common in volatile or sideways markets; use with additional confirmation.
Timeframe dependency: More reliable on higher timeframes (e.g., 1-hour or daily).
Customization needed: Thresholds (e.g., spike, timeframe) must be tailored to the market.
Conclusion:
Reset Candles highlight low-volatility moments near technical levels (EMAs) that may precede significant moves. They are ideal for precise entries with tight stops in reversal or continuation strategies but require clear market context and additional confirmation for optimal effectiveness.
#ema #candlepattern #scalping
Multi-Session MarkerMulti-Session Marker is a flexible visual tool for traders who want to highlight up to 10 custom trading sessions directly on their chart’s background.
Custom Sessions: Enter up to 10 time ranges (in HHMM-HHMM format) to mark any market session, news window, or personal focus period.
Visual Clarity: For each session, toggle the highlight on or off and select a unique background color and opacity, making it easy to distinguish active trading windows at a glance.
Universal Time Handling: Session times automatically follow your chart’s time zone—no manual adjustment required.
Efficient and Fast: Utilizes TradingView’s bgcolor() for smooth performance, even on fast timeframes like 1-second charts.
Clean Interface: All session controls are grouped for easy editing in the indicator’s settings panel.
How to use:
In the indicator settings, enter your desired session times (e.g., 0930-1130) for each session you want to highlight.
Toggle “Show Session” and pick a color for each session.
The background will automatically highlight those periods on your chart.
This indicator is ideal for day traders, futures traders, or anyone who wants to visually segment their trading day for better focus and analysis.
