Trend Counter [theEccentricTrader]█ OVERVIEW
This indicator counts the number of confirmed trend scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a high price equal to or above the price it opened.
• A red candle is one that closes with a low price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Muti-Part Upper and Lower Trends
• A multi-part return line uptrend begins with the formation of a new return line uptrend, or higher peak, and continues until a new downtrend, or lower peak, completes the trend.
• A multi-part downtrend begins with the formation of a new downtrend, or lower peak, and continues until a new return line uptrend, or higher peak, completes the trend.
• A multi-part uptrend begins with the formation of a new uptrend, or higher trough, and continues until a new return line downtrend, or lower trough, completes the trend.
• A multi-part return line downtrend begins with the formation of a new return line downtrend, or lower trough, and continues until a new uptrend, or higher trough, completes the trend.
█ FEATURES
Inputs
Start Date
End Date
Position
Text Size
Show Sample Period
Table
The table is colour coded, consists of seven columns and, as many as, forty-one rows. Blue cells denote the multi-part trend scenarios, green cells denote the corresponding return line uptrend and uptrend scenarios and red cells denote the corresponding downtrend and return line downtrend scenarios.
The trend scenarios are listed in the first column with their corresponding total counts to the right, in the second and fifth columns. The last row in column one, displays the sample period which can be adjusted or hidden via indicator settings.
The third and sixth columns display the trend scenarios as percentage of total 1-part trends. And columns four and seven display the total trend scenarios as percentages of the, last, or preceding trend part. For example 4-part trends as a percentages of 3-part trends. This offers more insight into what might happen next at any given point in time.
Plots
For a visual aid to this indicator please use in conjunction with my Return Line Uptrends, Downtrends, Uptrends and Return Line Downtrends indicators which can all be found on my profile page under scripts, or in community scripts under the same names. Unfortunately, I could not fit all the plots with the correct offsets into one script so I had to make a separate indicator for each trend type. I decided against labels as this would limit the visual data points to 500.
Green up-arrows, with the number of the trend part, denote return line uptrends and uptrends. Red down-arrows, with the number of the trend part, denote downtrends and return line downtrends.
█ HOW TO USE
This is intended for research purposes, strategy development and strategy optimisation. I hope it will be useful in helping to gain a better understanding of the underlying dynamics at play on any given market and timeframe.
It can, for example, give you an idea of whether the current trend will continue or fail, based on the current trend scenario and what has happened in the past under similar circumstances. Such information can be very useful when conducting top down analysis across multiple timeframes and making strategic decisions.
What you do with these statistics and how far you decide to take your research is entirely up to you, the possibilities are endless.
█ LIMITATIONS
Some higher timeframe candles on tickers with larger lookbacks such as the DXY , do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green. You can avoid this problem by utilising the sample period filter.
The green and red candle calculations are based solely on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with. Alternatively, you can replace the scenarios with your own logic to account for the gap anomalies, if you are feeling up to the challenge.
It is also worth noting that the sample size will be limited to your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000. If upgrading is currently not an option, you can always keep a rolling tally of the statistics in an excel spreadsheet or something of the like.
在腳本中搜尋"high low"
Opening Range & Daily and Weekly PivotsThis script is for a combination of two indicators: an Opening Range Breakout (ORB) indicator and a daily/weekly high/low pivot indicator. The ORB indicator displays the opening range (the high and low of the first X minutes of the trading day, where X is a user-defined parameter) as two lines on the chart. If the price closes above the ORB high, the script triggers an alert with the message "Price has broken above the opening range." Similarly, if the price closes below the ORB low, the script triggers an alert with the message "Price has broken below the opening range."
The daily/weekly high/low pivot indicator plots the previous day's high and low as well as the previous week's high and low. If the current price closes above yesterday's high or last week's high, the script triggers an alert with the messages "We are now trading higher than the previous daily high" and "We are now trading higher than the last week high", respectively. If the current price closes below yesterday's low or last week's low, the script triggers an alert with the messages "We are now trading lower than the previous daily low" and "We are now trading lower than the last week low", respectively.
In addition to the visual representation on the chart, the script also triggers alerts when the price crosses any of these levels. These alerts are intended to help traders make decisions about entering or exiting trades based on the price action relative to key levels of support and resistance.
ATR PivotsThe "ATR Pivots" script is a technical analysis tool designed to help traders identify key levels of support and resistance on a chart. The indicator uses various metrics such as the Average True Range (ATR), Daily True Range ( DTR ), Daily True Range Percentage (DTR%), Average Daily Range (ADR), Previous Day High ( PDH ), and Previous Day Low ( PDL ) to provide a comprehensive picture of the volatility and movement of a security. The script also includes an EMA cloud and 200 EMA for trend identification and a 1-minute ATR scalping strategy for traders to make informed trading decisions.
ATR Detail:-
The ATR is a measure of the volatility of a security over a given period of time. It is calculated by taking the average of the true range (the difference between the high and low of a security) over a set number of periods. The user can input the number of periods (ATR length) to be used for the ATR calculation. The script also allows the user to choose whether to use the current close or not for the calculation. The script calculates various levels of support and resistance based on the relationship between the security's range ( high-low ) and the ATR. The levels are calculated by multiplying the ATR by different Fibonacci ratios (0.236, 0.382, 0.5, 0.618, 0.786, 1.000) and then adding or subtracting the result from the previous close. The script plots these levels on the chart, with the -100 level being the most significant level. The user also has an option to choose whether to plot all Fibonacci levels or not.
DTR and DTR% Detail:-
The Daily True Range Percentage (DTR%) is a metric that measures the daily volatility of a security as a percentage of its previous close. It is calculated by dividing the Daily True Range ( DTR ) by the previous close. DTR is the range between the current period's high and low and gives a measure of the volatility of the security on a daily basis. DTR% can be used as an indicator of the percentage of movement of the security on a daily basis. In this script, DTR% is used in combination with other metrics such as the Average True Range (ATR) and Fibonacci ratios to calculate key levels of support and resistance for the security. The idea behind using DTR% is that it can help traders to better understand the daily volatility of the security and make more informed trading decisions.
For example, if a security has a DTR% of 2%, it suggests that the security has a relatively low level of volatility and is less likely to experience significant price movements on a daily basis. On the other hand, if a security has a DTR% of 10%, it suggests that the security has a relatively high level of volatility and is more likely to experience significant price movements on a daily basis.
ADR:-
The script then calculates the ADR (Average Daily Range) which is the average of the daily range of the security, using the formula (Period High - Period Low) / ATR Length. This gives a measure of the average volatility of the security on a daily basis, which can be useful for determining potential levels of support and resistance .
PDH /PDL:-
The script also calculates PDH (Previous Day High) and PDL (Previous Day Low) which are the High and low of the previous day of the security. This gives a measure of the previous day's volatility and movement, which can be useful for determining potential levels of support and resistance .
EMA Cloud and 200 EMA Detail:-
The EMA cloud is a technical analysis tool that helps traders identify the trend of the market by comparing two different exponential moving averages (EMAs) of different lengths. The cloud is created by plotting the fast EMA and the slow EMA on the chart and filling the space between them. The user can input the length of the fast and slow EMA , and the script will calculate and plot these EMAs on the chart. The space between the two EMAs is then filled with a color that represents the trend, with green indicating a bullish trend and red indicating a bearish trend . Additionally, the script also plots a 200 EMA , which is a commonly used long-term trend indicator. When the fast EMA is above the slow EMA and the 200 EMA , it is considered a bullish signal, indicating an uptrend. When the fast EMA is below the slow EMA and the 200 EMA , it is considered a bearish signal, indicating a downtrend. The EMA cloud and 200 EMA can be used together to help traders identify the overall trend of the market and make more informed trading decisions.
1 Minute ATR Scalping Strategy:-
The script also includes a 1-minute ATR scalping strategy that can be used by traders looking for quick profits in the market. The strategy involves using the ATR levels calculated by the script as well as the EMA cloud and 200 EMA to identify potential buy and sell opportunities. For example, if the 1-minute ATR is above 11 in NIFTY and the EMA cloud is bullish , the strategy suggests buying the security. Similarly, if the 1-minute ATR is above 30 in BANKNIFTY and the EMA cloud is bullish , the strategy suggests buying the security.
Inside Candle:-
The Inside Candle is a price action pattern that occurs when the current candle's high and low are entirely within the range of the previous candle's high and low. This pattern indicates indecision or consolidation in the market and can be a potential sign of a trend reversal. When used in the 15-minute chart, traders can look for Inside Candle patterns that occur at key levels of support or resistance. If the Inside Candle pattern occurs at a key level and the price subsequently breaks out of the range of the Inside Candle, it can be a signal to enter a trade in the direction of the breakout. Traders can also use the Inside Candle pattern to trade in a tight range, or to reduce their exposure to a current trend.
Risk Management:-
As with any trading strategy, it is important to practice proper risk management when using the ATR Pivots script and the 1-minute ATR scalping strategy. This may include setting stop-loss orders, using appropriate position sizing, and diversifying your portfolio. It is also important to note that past performance is not indicative of future results and that the script and strategy provided are for educational purposes only.
In conclusion, the "ATR Pivots" script is a powerful tool that can help traders identify key levels of support and resistance , as well as trend direction. The additional metrics such as DTR , DTR%, ADR, PDH , and PDL provide a more comprehensive picture of the volatility and movement of the security, making it easier for traders to make better trading decisions. The inclusion of the EMA cloud and 200 EMA for trend identification, and the 1-minute ATR scalping strategy for quick profits can further enhance a trader's decision-making process. However, it is important to practice proper risk management and understand that past performance is not indicative of future results.
Special thanks to satymahajan for the idea of clubbing Average True Range with Fibonacci levels.
Scalping The Bull IndicatorName: Scalping The Bull Indicator
Category: Scalping, Trend Following, Mean Reversion.
Timeframe: 1M, 5M, 30M, 1D depending on the specific technique.
Technical Analysis: The indicator supports the operations of the trader named "Scalping The Bull" which uses price action and exponential moving averages.
Suggested usage: Altcoin showing strong trends for scalping and intra-day trades. Trigger points are used as entry and exit points and to be used to understand when a signal has more power.
It is possible to identify the following conformations:
Shimano: look at the price records of a consecutive series of closings between the EMA 60 and the EMA 223 when a certain threshold is reached. Use the trigger points as price structures to identify entry and exit zones (e.g. breakout of the yesterday high as for entry point) .
Bomb: look at the price registers a percentage variation in a single candle, greater than a threshold such as 2%, in particular on shorter timeframes and around the trigger points.
Viagra: look at there is a consecutive series of closes below the EMA 10.
Downward fake: look when, after a cross under (Death Cross), the price returns above the EMA 223 using the yesterday high as a trigger point.
Emergence: look at the EMA 60 is about to cross over the EMA 223.
Anti-crossing: look at, after an important price rise and a subsequent retracement, the EMA 60 is about to cross under the EMA 223 but a bullish impulse brings the price back above the EMAs.
For Sales: look at two types of situations: 1) when the price falls by more than 10% from the opening price and around the yesterday’s low or 2) when the price falls and then reaches, in the last 5 days, a bigger percentage and then breaks a trigger point.
Colour change: look at the opening price of the session - indicated as a trigger point.
Third touch of EMA 60: look for 3 touches below the EMA 60, and enter when there is a close above the EMA 60.
Third touch of EMA 223: look for 3 touches when there are 3 touches below the EMA 223, and enter when there is a close above the EMA 60.
Bud: look at price when it crosses upwards the average 10 and subsequently at least 2 "rest" candles are between the maximum and minimum of the breaking candle.
Fake on EMA 10: look for the open of a candle higher than the EMA 10, the minimum of the candle lower and the closing price returns above the EMA 10..
For Stop Loss and Profit Targets consider a proper R/R depending on Risk Management, using price structures such as the low of the entering candle and a quick Position Management moving quickly the Stop-Loss at Break-Even.
Configuration:
Market
EMA: The indicator automatically configure itself on market it knows (Binance, Piazza Affari and NASDAQ) otherwise it can be configured manually fo Crypto market (5/10/60/223) or Stock Market (5/10/50/200).
Additional Average: You can display an additional average, e.g. 20-period average.
Chart elements:
Session Separators: indicates the beginning of the current session (in blue)
Background: signals with the background in green an uptrend situation ( 60 > 223) and in red background a downtrend situation (60 < 223).
Trigger points:
Today's highs and lows: draw on the chart the opening price of the daily candle and the highs and lows of the day (high in purple, low in red and open in green)
Yesterday's highs and lows: draw on the chart the opening price of the daily candle, the highs and lows of the previous day (high in yellow, low in red).
Credits
Massimo : for refactoring and suggestions.
TradeChartist Actuator™TradeChartist Actuator is an extremely functional indicator that converts the price action volatility and momentum into a meaningful trading system (based on user defined Standard Deviation Factor), that consists of expanding/contracting Volatility Range Bands, Dynamic Trend Support/Resistance Bands and 2 types of Breakout Signals in a visually stunning design. The script also neatly packs in ZigZag & manual/automatic Fibonacci Retracement tools, option to filter the signals using an external filter and other useful extras like ™TradeChartist Dollar Candles and much more.
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™TradeChartist Actuator User Manual
█ Actuator Range Bands
Actuator Range Bands consists of a Mean line, an Upper Band and a Lower Band which are based on user defined Standard Deviation Factor (Default - 1.618, Min - 0.5, Max - 2). The 1.618 factor works extremely well as the unnecessary volatility data of the bands are eliminated by Actuator's logic. In my personal tests, 1.618 works consistently better than any other value in visually showcasing the true volatility range. By eliminating the unnecessary volatility data from the original non-stabilized bands, Actuator helps detect price momentum by detecting two types of breakouts.
Bands Breakout - Filtered
When the price breaks out of the upper or lower band after a trend, there is a strong possibility of a reversal especially when the volatility expansion/contraction takes place. This is detected using a built in filter with the Filtered Bands Breakout and the user can choose to use the closing price or High/Low price as the trigger for breakouts. This trade setup is very useful especially at zones where the Actuator Range Bands contract or squeeze after an expansion as shown in the OANDA:XAUUSD 1hr chart below.
Also, after a consistent expansion of the bands with price trending in the upper channel or the lower channel, users can spot good profit taking or Short trade opportunities with confirmation of overbought price and if possible a strong bear divergence as show in the BINANCE:LUNAUSDTPERP 1hr chart below.
It can be seen from the chart above that even though Actuator is designed to detect Extreme Bands Breakout using High/Low price, it is done with a little bit of filtering by the script logic and hence didn't generate a Bear signal at the lower band support zone.
Mean Breakout - Filtered
In most Mean Reversion models, mostly oscillators, the mean plays an important role in helping traders predict the price dynamic, but it also presents a challenge whether that mean will act as support or resistance so the trader can take a position that will have a high probability of success. Filtered Mean Breakout helps exactly to identify the price dynamic at the mean zone and helps reduce the dilemma. Actuator uses Volatility Trend and Momentum of the price action at mean to determine Bull/Bear breakouts. Following NASDAQ:AAPL 1hr chart shows an example of 2 instances of Filtered Mean Breakout detection, one bull and one bear and further area where no Breakout was detected in spite of price crossing the mean.
This Breakout type is really helpful in spotting early moves and also reduces the high volatility risk of Extreme Bands Breakout in some cases.
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█ External Filter
Actuator breakout signals can be further filtered using the feature of connecting an external signal as a trade filter.
External filter like RSI , MACD etc. can be used to filter breakouts by connecting to ™TradeChartist Actuator under ╔═══ 𝗣𝗹𝘂𝗴 𝗙𝗶𝗹𝘁𝗲𝗿 𝗵𝗲𝗿𝗲 ═══ 🔌 dropdown by enabling 𝐔𝐬𝐞 𝐄𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐅𝐢𝐥𝐭𝐞𝐫.
To get the external filter to work, 𝐒𝐢𝐠𝐧𝐚𝐥 𝐓𝐲𝐩𝐞 must be set right. For plots that are non oscillatory like Moving Averages, Super Trend etc., choose type as Non Oscillatory and for Oscillators like RSI , CCI , MACD etc., choose type as Oscillatory .
For Oscillators, levels must be specified for 𝐎𝐬𝐜𝐢𝐥𝐥𝐚𝐭𝐨𝐫 𝐁𝐮𝐥𝐥 𝐅𝐢𝐥𝐭𝐞𝐫 𝐯𝐚𝐥𝐮𝐞 and 𝐎𝐬𝐜𝐢𝐥𝐥𝐚𝐭𝐨𝐫 𝐁𝐞𝐚𝐫 𝐅𝐢𝐥𝐭𝐞𝐫 𝐯𝐚𝐥𝐮𝐞, especially if the Oscillator doesnt have 0 as midline, like RSI . Even for 0 mid oscillators like CCI , filter levels like 100/-100 work effectively to filter noise.
Use 𝐁𝐮𝐥𝐥/𝐁𝐞𝐚𝐫 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐅𝐢𝐥𝐥 under Actuator Visuals section to paint the trade zones background. It helps visually see the effect of filters on the breakout entries and also the trade performance.
The following chart shows the Filter settings with ™TradeChartist Momentum Drift Oscillator connected to Actuator as Oscillatory signal with filter values 0.
The two example charts of 1hr BINANCE:BTCUSDT below shows the difference in Actuator signals based on Oscillatory signal from ™TradeChartist Momentum Drift Oscillator and the difference can be seen from the highlighted Bull/Bear Background Fill.
Without External Filter
With External Filter
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█ Dynamic Trend Support/Resistance Bands
In addition to Volatility Range Bands, Actuator also plots Dynamic Trend Support and Resistance bands that are more sensitive to price action and helps the user determine growing support/resistance which is indicated by coloured dots. These dots normally appear when the Support or Resistance stays at the same level for a few bars and change between Bull and Bear colours based on how the price interacts with them as shown below.
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█ Useful Trade Tools
™TradeChartist Dollar Candles
Dollar Candles help detect the volatility exhaustion prices and plots $ signs to help the trader take profits or move stop loss levels to secure gains. The $ signs do not appear for every trade zone, but whenever price hits a critical level, it shows up above price bar (for Bull trend) or below price bar (for Bear trend) in real time. Users can also set alerts for Dollar Candles with Once Per Bar setting. The Daily NASDAQ:TSLA chart below shows the Dollar Candles on both Bull and Bear trends.
It is important to note that taking pockets of profits on a leveraged trade position or moving up stop loss to maximize trend gains at $ candles will help increase Average Profitability Per Trade (APPT) .
Bull/Bear Background Fill
Bull/Bear Background Fill paints the trade zones in Bull and Bear colours. This helps visualize the difference in trade zones when testing various settings and also helps analyze past performance of Actuator Signals with or without the use of External Filter.
Entry Stop Loss Reference
Reference zone for stop loss has always been a tricky one for traders. Using a fixed percentage stop at entry may not be best during high volatility moves. Over the extensive period of Actuator testing, a simple solution to this problem was found. The previous trend's Range Bands Mean Line served as a perfect reference point for Entry Stop. Also while analysing this Mean line, it was found to be a perfect horizontal support/resistance line and also helped detect unproductive trades. The example 15m chart of NASDAQ:AMD shows how the Entry Stop Loss Reference performed.
Stop Line Touch Points plot orange touch points on the Stop Line whenever the price hits it during the trade.
Actuator Colour Bars
Actuator Colour Bars paints the Momentum Strength on the price bars. This helps visually see the price bars venturing into the Overbought or the Oversold zones. Also, this feature also helps spot divergences as higher highs or lower lows with less intense Bull/Bear colour than the previous high/low shows diminishing momentum as shown in the 1h chart of OANDA:GBPJPY below.
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█ ZigZag & Fibonacci Toolkit
Actuator plots developing and completed ZigZags based on Bull and Bear trend depending on the Breakout Type and Breakout Price from the settings.
Option to enable or disable 𝐙𝐢𝐠𝐙𝐚𝐠 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐨𝐫 which can be helpful for Harmonic traders.
Option to display 𝐙𝐢𝐠𝐙𝐚𝐠 𝐇𝐢𝐠𝐡𝐬/𝐋𝐨𝐰𝐬 and 𝐑𝐒𝐈 𝐚𝐭 𝐇𝐢𝐠𝐡𝐬/𝐋𝐨𝐰𝐬 in one of two styles.
Two types of Fibonacci to choose from - 𝐀𝐮𝐭𝐨-𝐅𝐢𝐛𝐬 and 𝐅𝐢𝐛𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐋𝐨𝐨𝐤𝐛𝐚𝐜𝐤.
𝐀𝐮𝐭𝐨-𝐅𝐢𝐛𝐬 option plots Auto Fibonacci levels based on Bull/Bear trend depending on user specified Breakout Type and Breakout Price.
𝐅𝐢𝐛𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐋𝐨𝐨𝐤𝐛𝐚𝐜𝐤 plots Fibonacci levels based on the highest high and lowest low of the lookback period (𝐃𝐚𝐲𝐬 or 𝐂𝐚𝐧𝐝𝐥𝐞𝐬).
Fibonacci levels can be reversed by enabling 𝐑𝐞𝐯𝐞𝐫𝐬𝐞 from settings.
Enabling 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐏𝐫𝐢𝐜𝐞 𝐅𝐢𝐛 𝐋𝐚𝐛𝐞𝐥 displays the current Fib level of the developing price bar.
Option to customize Fib levels and colours.
4hr chart of BINANCE:BTCUSDT showing Auto Fibonacci levels, Zig-Zag with Trend High/Lows, Zig-Zag connectors with Fib Ratios and RSI at Trend High/Low prices.
Note:
If momentum doesn't slow down, the fibs can extend beyond 1 and may continue way beyond 4.618 fib level. These are quite rare depending on how distant the near high/low is based.
ZigZag and Fibonacci are good reference indicators and should always be used as confirmations rather than standalone indicators.
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█ Actuator Colour Scheme
Actuator employs 3 built in colour schemes namely Chilli , Flame and Sublime Grayscale and a versatile colour scheme Custom which enables the user to customise the colour combinations of the components of the Actuator script.
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█ Alerts
Alerts can be created for the following.
Actuator Bull Breakout Signal - Once Per Bar Close
Actuator Bear Breakout Signal - Once Per Bar Close
Actuator Long Dollar - Take Profit - Once Per Bar
Actuator Short Dollar - Take Profit - Once Per Bar
Actuator Stop Line Hit - Once Per Bar
Note: The script doesn't repaint, so the alerts can be used with confidence. To check this, users can do bar replays to check if the plots and markers stay in the same place.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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Double Top/BottomHere is an attempt to identify double top/bottom based on pivot high/lows.
Logic is simple.
Double Bottom:
Last two pivot High Lows make W shape
Last Pivot Low is higher than previous Last Pivot Low.
Last Pivot High is lower than previous last Pivot High.
Price has not gone below Last Pivot Low
Price breaks out of last Pivot High to complete W shape
Double Top:
Last two pivot High Lows make M shape
Last Pivot Low is higher than previous Last Pivot Low.
Last Pivot High is lower than previous last Pivot High.
Price has not gone above Last Pivot High
Price breaks out of last Pivot Low to complete M shape
Prameters:
Parameters PvtLenL , PvtLenR and waitforclose determines pivot points.
FilterPivots clears repetitive pivots formed in same direction before calculating the possible double top/bottom.
For example:
CheckForAbsolutePeaks and AbsolutePeakLoopback works together. When CheckForAbsolutePeaks is enabled, script only generates double bottom or top signal if previous last pivot is absolute high or low for AbsolutePeakLoopback periods.
ConsiderMovingAverage does two things. First, it makes sure that fast moving average and slow moving averages are aligned with the direction we are going to forecast. Second, it makes sure that the crossover happend recently and with last BarCrossoverLimit bars. For example, to call it double bottom, Fast MA should be higher than Slow MA and crossover of FastMA above SlowMA should have happened in last 10 bars (BarCrossoverLimit)
PivotDisplayMode can be Actual, Filtered or None. Actual will display all pivot high low generated. Filtered will only display last 5 pivot high and pivot lows which are filtered . That means, it will remove the repetitive pivots formed without making pivots on the other side.
Welcome and suggestions and feedbacks.
TTT_Swing_and_Orderblock_Ver_1.0.2Hello, dear traders from all over the world! This is Tommy from Tommy Trading Team.
Many inquires were delivered to us from traders recently wishing to use one of our cutting-edge technologies that was developed days ago and was only used by us. We have edited and supplemented this indicator both logically and visually. Accordingly, our team is officially launching with a new brought up name, which is “SOB(Version1.0.2), shorten for “Swing & OB(Orderblock).”
This technical indicator is quite straightforward and effective to utilize since it shows traders the essential variables that are considered by many recently developed theories and state-of-the-art methodologies. And they are ‘Dow’ and ‘Orderblock’.
Swing High and Low (Dow Theory) has been applied fundamentally by many other theories and methodologies such as Elliott wave theory and SR Flip techniques. A swing can be interpreted as a wave with a trend composed of a high and a low each. After succeeding on making significant highs/lows, in any existing wave theories, it is essential to monitor and spot when the next waves make HH(Higher high), LH(Lower high), HL(Higher low), or LL(Lower low).
OB(Orderblock) technique is a very advanced methodology that captures the contraction, consolidation, and attraction zone. This so called ‘zone’ is interpreted differently by various stakeholders, such as institutional(whales) average entry/exit price range or peak price range with higher traded volumes. In TA perspective, it’s just a major support/resistance to consider and when this zone fails to support/resist, the price momentum tends to boost up towards the direction it failed. To give you a little tip, look for the spots usually forming horizontal parallel channel, before a big wave with a clear trend (whether up or down) appears. There are numerous ways to identify OB and we have concluded that signaling the double engulfing candles is one of the highly effective one.
As just mentioned, comprehending a trend utilizing ‘Swing HL’ is fundamental and yet definite TA concept and strategy. Furthermore, OB can also be useful to spot major support and resistance area. SOB automatically identify and captures major Highs, Lows, and OBs. In addition, SOB can let traders know when the highs and lows are being replaced by higher/lower highs/lows by changing pivots color. If you are familiar with SR(Support and Resistance) Flip concept, this can be a helpful tool for you since it can signal when highs/lows are being broken above/below and by planning a retest entry trading setup.
If you would like to try SOB_ver1.0.2, please let us know through comments, DM, or Telegram in English/Korean. I assure you that our SOB won’t disappoint you on your trading chart.
Thank you.
안녕하세요. 트레이더 여러분!
토미 트레이딩 팀입니다~
최근에 저희 팀이 개인적으로 사용했던 지표에 관해서 많은 분들이 문의를 주셨습니다. 약간의 보안 및 개선 작업 이후에 SOB(Version1.0.2)이라는 이름으로 정식 출시합니다.
해당 알고리즘은 기존의 여러 이론 및 방법론들에게 원천적으로 기반이 되는 다우이론(스윙 고/저점)과 오더블럭(OB)을 바로바로 잡아주기 때문에 주요 고/저점과 매물대 지지/저항 컨펌하는 용도로 활용하기 매우 유용합니다.
변동하는 가격의 흐름, 즉 추세를 파악하는 방법은 수만가지가 있습니다. 단 하나의 방법, 지표, 혹은 이론만 가지고 추세를 파악하는 건 당연히 바보 같은 짓이겠죠. 여러가지의 요소들을 복합적으로 봐야하는데 그 중에 가장 근본적이면서 중요한 게 바로 다우이론이라고 생각합니다. 이름만 거창하지 정말 별거 없습니다. 한문장으로 “전 고/저점에 비해서 이번에 나오는 고/저점이 높아졌냐 낮아졌냐”입니다. 다우 이론은 엘리엇 파동 이론 및 SR Flip 전략 등 대부분들의 기법들에 적용된 만큼 차트 보시려면 꼭 알아야 되는 개념입니다. 스윙이란 변곡이 나오기 전까지의 가격 흐름, 즉 하나의 파동이라고 생각하시면 되겠습니다. 주요 고/저점은 통상적으로 하나의 파동을 규명하기 위해 참고하는 기준들입니다. 고/저점 혹은 변곡점이 출현하고 나서 후행적으로 우리는 전 상승/하락 파동이었다고 인지를 합니다. 여기서 중요한 건 다음 파동이 전 파동보다 고/저점을 높였냐/낮추었냐입니다. 고/저점을 높여가는 파동이 나오면 상승, 낮추어가는 파동이 나오면 하락 추세에 가중을 더 두고, 고/저점을 높이다가 내리기 시작하면 혹은 내리다가 높이기 시작하면 추세가 어느정도 전환될 수 있는 시그널로 해석할 수 있습니다.
OB(오더블럭) 기법은 요즘 장에 그나마 잘 먹히는 가격매물대를 찾는 방법론 중 하나입니다. 매물대란 다양한 시장참여자들에 따라 시시각각 해석될 수 있습니다. 기관(세력)들의 매집구간, 많은 참여자들의 평균 진입/청산/평단 가격 범위, 혹은 시체 쌓인 구간으로도 해석해볼 수 있습니다. 더 쉽게 설명해드리자면 거래량이 상대적으로 많은 가격 범위대라고 보시면 되겠습니다. 기술적분석 관점에서는 매물대를 주요 지지/저항구간대라고 고려하실 수 있으며 지지/저항을 실패하면, 그 실패한 방향으로 추세가 터질 가능성을 두고 전략 설계에 활용합니다. 매물대를 효과적으로 찾을 수 있는 팁 하나를 드리자면, 어느정도 명확하고 큰 추세가 나오기 전에 형성된 수평 평행 채널들을 먼저 의심해보세요. 만약에 해당 가격범위 내에 OB가 많이 내포되어 있다면 신빙성을 더 부여하실 수 있습니다. 이렇게 OB는 매물대를 식별하고 컨펌하는 용도로 매우 용이하게 활용될 수 있으며, 요즘에 유행하는 기법인 마스터패턴에도 찰떡궁합입니다. OB를 정의하는 여러가지 기법들 중 캔들봉을 활용한 방법이 그나마 가장 효과적이며 저희 개발팀은 장악형(Engulfing) 패턴이 두번 이상 출현하는 캔들봉들의 몸통들을 기준으로 OB를 찾는 로직을 지표화했습니다.
언급 드렸듯, 다우이론은 기술적 분석 기법 중 가장 근본적이면서도 동시에 실용도가 높아 차트 보시려면 무조건 숙지해야하는 개념 및 전략입니다. 또한 상대적으로 최근 시장에 효율적인 매물대 색출 전략 중 하나인 OB기법으로 주요 지지/저항으로 해석될 수 있는 메이저 매물대들의 가격 범위를 더 세분화시킬 수 있습니다. 저희 SOB 지표는 주요 고점, 저점, 그리고 OB들을 자동으로 피봇으로 잡아줄뿐더러 주요 고/저점이 뚫렸을 때, 해당 피봇의 색깔들이 변경됩니다. SR Flip (저항선이 뚫리면 지지선, 지지선이 뚫리면 저항선)개념 및 전략을 자주 활용하시는 트레이더분들은 고/저점 뚫릴 때, 즉 더 높은/낮은 고/저점이 출현하고 나서 전 고/저점을 활용해 리테스트 진입 자리 찾으실 때 유용하게 사용하실 수 있습니다.
저희 SOB_Version1.0.2 지표를 사용하고 싶으신 분들은 댓글, DM, 또는 저희 개인 채널에 문의 주십시오. 차트와 캔들 위에서만큼은 우리 SOB이 여러분들을 실망시키지 않을 것입니다.
감사합니다. 성투하세요.
Advanced Candlestick Patterns [vitruvius]This is a very advanced indicator that detects most commonly used candlestick patterns. Please read this document carefully to understand how it works.
It is tailored to identify patterns that only have a great possibility of signaling a price movement. In other words, it can and will ignore some patterns, even though they satisfy the recognition conditions defined in the books. Candlestick patterns should also satisfy some other conditions in this indicator to be valid and you can modify those conditions.
This indicator is not only about identifying the candlestick patterns. By using the different choices, you can:
Avoid fake signals
Confirm patterns
Increase your possibility to win a trade
Reduce risk
Identify bullish/bearish movements better
Recommended Use
This indicator works best when you:
Use it in the daily time frame
Combine it with Support/Resistance areas
Note: For some candlestick patterns, you have the option of confirming the pattern with the next price action. In those cases, there will be obviously one bar delay (because it will wait for one more bar to close to confirm the pattern). However, it will mark the candlestick where it identifies the pattern and it will have ”Confirmed” in its text.
Important Note
This indicator does some serious calculations and checks for a lot of user inputs. Therefore, it might be a little slow. Please give it some time when it needs to do some computing.
MODULES
Trend Detection
Most of the patterns in this script are trend reversal patterns. So, recognition of the candlestick patterns depends heavily on the trend. In fact, even if you do not select a trend detection method, it will use the SMA method as default where it needs a certain trend in identifying a specific pattern.
It is possible to combine multiple trend detection methods. You can see how this affects the overall trend detection by enabling the background coloring.
Note: There might be some cases where a candle has a bullish/bearish confirmation of the same candlestick pattern . In those cases, the script is unable to identify the move and the user should decide if the identified pattern is bullish or bearish.
Below are the inputs of this module:
Color the background according to the trend?
If you select a trend detection method, it will color the background green for an uptrend and red for a downtrend .
Counter the trend when there is no obvious trend?
If you select multiple trend detection methods, there might be some cases where one of the methods indicates an uptrend and the other one indicates a downtrend . In that case, the script will continue with the previous trend (whatever the trend is one bar ago) by default . You can, however, reverse the trend in those cases by using this option. If you choose to reverse, you might catch the trend early .
Use MACD to detect the trend?
Use MACD to detect the trend. Whenever MACD delta is greater or equal to zero, it is an uptrend .
MACD Fast Length
Fast length of MACD.
MACD Slow Length
Slow length of MACD.
MACD Signal Smoothing
Signal smoothing value of MACD. Please note that it is set to 6 by default.
Use SMA to detect the trend?
Use SMA to detect the trend. If the price closes above the SMA line, it is an uptrend
SMA Length
Length of SMA.
Use the average price of previous candles to detect the trend?
If the average of open and close prices constantly go up for n bars that are determined by the next user input, it is an uptrend .
Number of candles to analyze
The number of bars ( n ) to analyze for the average price method.
Use the closing price of the previous candle to detect the trend?
If the difference between the current close and nth previous bar’s close is greater than the given threshold, it is an uptrend .
Position of the previous candle to analyze
Position of the bar (backward) to compare with the current close price.
Threshold for the closing price
The threshold value for closing price method.
Basic Candlestick Patterns
This module detects Doji, Spinning Top, Marubozu candlestick patterns. Also, you can set some specific options that are going to be used in all candlestick patterns.
Note: If you choose to manually enter the body height of a doji , you need to find the optimal value for different timeframes. Different timeframes have difference price action ranges.
Below are the inputs of this module:
Tolerate opening/closing price of the candle?
When a candlestick pattern needs to have a gap between two candles, you can tolerate the opening/closing prices of the one candle. This option is useful where the opening and closing prices are very close. This option is going to be used in all candlestick patterns.
Factor for tolerating opening/closing price
The more the factor is, the more the tolerance is.
Body/Height ratio for a candle to be considered as Bullish/Bearish
A bullish/bearish candle shouldn’t have too much shadow. You can use this option to determine the shadow length of a bullish/bearish bar. This option is going to be used in all candlestick patterns
Use basic candlestick pattern (Doji, Spinning Top, Marubozu)?
Detect doji, spinning top, marubozu candlestick patterns.
Manually set body of Doji?
You can manually set the body height of a doji. Otherwise, it will be calculated automatically. If you choose to use this option, then spinning top, and marubozu will also be calculated based on this.
Body of Doji
Body height of a bar to be considered as doji . Any bar with a body equal or less than the given value will be marked as doji. Only effective if you check the ”Manually set body of Doji?” option .
Verify a Doji by looking at the preceding candle?
If true, it will only mark dojis if the preceding candle is bullish or bearish.
Single Candlestick Patterns
This module detects Hammer, Hanging Man, Inverted Hammer, Shooting Star single candlestick patterns.
Below are the inputs of this module:
Confirm Single Candlestick Patterns with next closing price?
You can confirm a single candlestick pattern with the next closing price. That is, if the next candle closes above the previous one, it will confirm a bullish movement. If the next candle closes below the previous one, it will confirm a bearish movement.
Use Hammer and Hanging Man Single Candlestick Patterns?
Detect hammer and h anging man single candlestick patterns.
Use Inverted Hammer and Shooting Star Single Candlestick Patterns?
Detect inverted hammer and s hooting star single candlestick patterns.
Dual Candlestick Patterns
This module detects Engulfing, Tweezer Bottoms, Tweezer Tops, Harami, Inside Bar, Piercing Line, Dark Cloud Cover dual candlestick patterns.
Below are the inputs of this module:
Use Engulfing Dual Candlestick Pattern?
Detect engulfing dual candlestick pattern.
Validate Engulfing by comparing highs and lows?
If checked, the second bar must engulf the previous bar’s high/low also. If unchecked, the second bar should only engulf the real body of the first bar.
Use Tweezer Bottoms and Tops Dual Candlestick Patterns?
Detect tweezer bottoms and tweezer tops dual candlestick patterns.
Check the shadow equality of Tweezer Bottom and Tops?
Check if the shadows of the tweezer bars are about the same length.
Detect Harami Dual Candlestick Pattern?
Detect harami dual candlestick pattern.
Use High/Low of the second Harami candle instead of Open/Close price?
If checked, the body of the child must be within High and Low of the mother bar. Otherwise, only open/close prices will be checked.
Detect Inside Bar Dual Candlestick Pattern?
Detect inside bar dual candlestick pattern.
Treat Inside Bar as a reversal pattern?
If checked, inside bar will be treated as a bullish/bearish reversal pattern.
Check if the Inside bar formed in the upper/lower half of the Mother bar?
Check if the inside bar forms within the upper/lower body half of the mother. Then it will be treated as a bullish/bearish inside bar .
Detect the Inside Bar only if the previous candle closes outside of the Keltner channel?
This option effects identifying the inside bar . Such that, an inside bar will be detected only if the previous candle closes outside of Keltner Channel . Inside bars are effective when the market is extended and this is a nice way to check for that.
Confirm Inside Bar with the next close breaching the low/high of the inside bar?
Check if the next bar breaches inside bar’s high/low. Then it will be treated as a bullish/bearish inside bar .
Use Piercing Line and Dark Cloud Cover Dual Candlestick Patterns?
Detect Piercing Line and Dark Cloud Cover dual candlestick patterns.
Triple Candlestick Patterns
This module detects Morning Star , Evening Star, Three White Soldiers, Three Black Crows, Three Inside Up, Three Inside Down, Three Line Strike, Abandoned Baby, NR4, NR7 candlestick patterns.
Below are the inputs of this module:
Use Morning and Evening Star Triple Candlestick Pattern?
Detect morning and evening star triple candlestick patterns.
Don't allow the second candle's body to overlap with the first and third candle?
If checked, high and low of the second candle cannot overlap with the first and third candle for morning and evening star candlestick patterns.
The third candle must close beyond the midpoint of the first candle?
If checked, the third candle must close beyond the midpoint of the first candle for morning and evening star candlestick patterns.
Use Three White Soldiers and Three Black Crows Triple Candlestick Pattern?
Detect three white soldiers and three black crows triple candlestick pattern.
Compare bodies of Three White Soldiers and Three Black Crows candles?
You also have the possibility of comparing bodies of the candles in a way that every consecutive candle must have a bigger body than the previous candle.
Check if each candle (TWS&TBC) opens in the middle price range of the previous day?
You can check if each candle of three white soldiers and three black crows opens in the middle price range of the previous day.
Use Three Inside Up/Down Triple Candlestick Pattern?
Detect three inside up and three inside down triple candlestick pattern.
Check candles' bodies and closing prices for Three Inside Up/Down?
There are two different definitions for three inside up/down candlestick patterns. This option allows you to select one of those definitions. That is;
If unchecked , the second candle should make it up all the way to the midpoint of the first candle. Also, the third candle needs to close above the first candle’s high.
If checked , the second candle opens and closes within the real body of the first candle. Also, the third candle needs to close above the first candle's high.
Use Three Line Strike Candlestick Pattern?
Detect three line strike triple candlestick pattern.
Compare High/Lows instead of Open/Close for the Three Line Strike Pattern?
If checked, it will compare high/lows instead of open/close prices for the three line strike pattern.
Use Abandoned Baby Triple Candlestick Pattern?
Detect abandoned baby triple candlestick pattern. If you choose to tolerate opening and closing prices, high and low prices will also be tolerated for abandoned baby.
Use NR4 Candlestick Pattern?
Detect NR4 candlestick pattern.
Use NR7 Candlestick Pattern?
Detect NR7 candlestick pattern.
Confirm Narrow Range Candlestick Patterns with next closing price?
You can confirm NR4 and NR7 candlestick patterns with the next closing price. That way they will be identified as bullish or bearish patterns.
NOTES FROM THE AUTHOR
Please do not hesitate to contact me if you have any questions.
If you are not familiar with a specific candlestick pattern, try to google it. If you still need help, you can always contact me.
If you find a bug, or you think the indicator does not work as intended, please contact me with a screenshot of the chart. Also, please mention how you set up the user inputs.
If you have any ideas to further improve this indicator, please feel free to share it with me :)
LIKE , if you like it. SHARE if you think it would be useful for others too. FOLLOW for future updates and new indicators.
Swing FilterSwing Filter allows you to identify market swings and use the settings to filter out the noise.
The concept is the same as Pine Script's built in pivothigh() and pivotlow(), except with a command center full of controls. Do you to only see swings that are a certain amount higher or lower than their neighboring candles? Want to filter out flash-crashes or freak-spikes? Do you want to count swing-highs or lows that are formed by multiple bars? ...how many? ...how strict? Do you only want swings that are already confirmed or do you want swings that are probably about to be confirmed? You get the idea.
Swing Filter was designed to be plugged into other tools. Swings are used to figure Support and Resistance in Technical Analysis (TA), so you'll find that it is swing filter working in the background of my Support & Resistance Indicator. The creator of this indicator would be happy to help you implement Swing Filter into your workflow, and even can unlock rewiring features that allow Trading View Premium customers to use outputs from other indicators as inputs to swing filter (indicator layering).
INDICATOR SETTINGS:
SWING HIGH VISIBILITY - Show the location of all filtered swing-highs, marked with green "H"
Show Unconfirmed Swing Highs - Whereas a confirmed swing high is shown with a green H, unconfirmed swing highs are shown with an orange H. Sometimes you want to see what could become a swing high before the final right-neighboring candle closes and confirms it. As long as the final right-side candle still has a lower high, we can show an unconfirmed swing high. Once the final right-side candle closes with a lower high, then we have a confirmed swing high. When the "# of Lower Bars to Right of Swing High" setting is set to a number greater than 1, keep in mind that unconfirmed candles will only ever appear one candle prior to confirmation.
# of Lower Bars to Left of Swing High - Swing highs are calculated based on being higher than neighboring candles. How many candles do you want to check to the left-side of a swing high?
# of Lower Bars to Right of Swing High - Swing highs are calculated based on being higher than neighboring candles. How many candles do you want to check to the right-side of a swing high?
Must be This % Higher Than Left Bars - Filter out highs that aren't high enough. "0.5" would require your swing highs to be at least half a percent higher than the high of its confirming left-side bars.
Must be This % Higher Than Right Bars - Filter out highs that aren't high enough. "1" would require your swing highs to be at least one percent higher than the high of its confirming right-side bars.
Multibar Highs - # Bars Allowed to Form High - Filter out or allow highs that are formed at a transition from one bar to another. Especially on low spread exchanges like GDAX, highs may be formed by many consecutive bars, formed by persistant impenetrable buy/sell walls. When using multibar highs, they are counted as a single candle: the swing high will be marked on the right-most high of the multi-bar high, and then the left-side bars are counted from the left-most high of the multi-bar high.
Multibar Highs Strict-Mode - Some multibar highs are just the result of chance, meaning that the first candle reached it's high, went back down, then the second candle reached the same high at a later time. Strict mode will filter these out and only show multibar swing highs that were formed when a candle closed at its high and the next candle opened at its same high. How strict? It allows a one penny difference (for negligible spreads). It also doesn't care about the candles' lows, which leaves room for a future super-strict mode.
*For the complete list of settings and instructions see comments below (sorry they're listed in backwards order below, and the publishing rules won't let me put them all here (too long))
Session EdgeSession Edge Indicator
Overview
Session Edge is a comprehensive technical analysis tool designed to visualize critical price levels and statistical patterns for specific trading sessions.
Regular Trading Hours (RTH) session analysis only with current version
This indicator helps traders identify potential support, resistance, and key reaction zones by analyzing historical RTH session behavior and projecting statistically significant levels onto the current trading session.
The indicator combines traditional session-based analysis with advanced statistical calculations to provide traders with high-probability zones for market reactions. Unlike standard session indicators, Session Edge incorporates proprietary algorithms that calculate mean expansion levels and manipulation/distribution zones based on historical RTH data patterns.
Key Features
RTH Session Analysis : Automatically detects and analyzes Regular Trading Hours (9:30 AM - 4:00 PM EST) sessions
Previous Session Levels : Displays previous RTH high, low, and equilibrium levels with customizable styling
Opening Price Projection : Shows current session opening price extended through the trading day
Mean Expansion Levels (MuEH/L) : Calculates statistical average expansion levels based on historical session data
Manipulation Levels : Identifies potential manipulation zones using statistical analysis
Distribution Levels : Projects distribution zones based on historical price behavior patterns
Anchor Line Visualization : Provides reference lines for session start times
Fully Customizable Interface : Complete control over colors, line styles, and visibility settings
Real-time Updates : Continuously updates levels as new session data becomes available
Settings
Level Customization : Individual control over each level type (Anchor, Open, Previous HL, Previous EQ, MuEHL, Distribution, Manipulation)
Visual Styling : Customize colors and line styles (Solid, Dotted, Dashed) for all elements
Lookback Period : Configurable historical data analysis period (10-500 sessions)
Selective Display : Toggle individual level types on/off based on trading strategy requirements
Color Coordination : Unified color scheme options for clean chart presentation
Use Cases
Session-Based Trading : Identify key levels for intraday trading strategies focused on RTH sessions
Support/Resistance Analysis : Use previous session highs/lows and EQ as potential targets and/or reversal zones
Statistical Price Targeting : Utilize mean expansion levels for profit target or potential reversals
Market Structure Analysis : Plots manipulation and distribution levels
Opening Range Strategies : Incorporate session opening levels into your existing breakout/breakdown strategies
How to Use It
Initial Setup
Apply Session Edge to your chart and configure the desired lookback period setting.
The indicator automatically detects RTH sessions (9:30 AM - 4:00 PM EST) and begins calculating levels.
Level Identification
Previous High/Low (P. High/P. Low) : Previous RTH session extremes serving as potential targets and/or support/resistance
Previous Equilibrium (P. EQ) : Midpoint between previous session high and low
Opening Price (O) : Current session opening level extended through the trading session
Mean Expansion High/Low (MuEH/MuEL) : Statistically calculated average expansion zones
Manipulation Levels (-M/+M) : Zones where price manipulation typically occurs
Distribution Levels (-D/+D) : Areas where institutional distribution commonly takes place
Trading Applications
Monitor price reaction at previous session EQ targeting previous session high/low and/or MuEH / MuEL
Monitor price reactions at previous session high/low levels for potential reversals
Use mean expansion levels as statistical price targets or exhaustion Price Action
Watch for manipulation and distribution level interactions for entry/exit signals
Combine level confluence with your current trading strategy for higher-probability trade setups
Visual Optimization
Adjust line colors and styles to create clear visual hierarchy on your charts
Toggle specific level types based on your trading focus and strategy requirements
Coordinate indicator colors with your overall chart color scheme for optimal readability
Important Notes
This indicator uses statistical analysis of RTH session data; past performance does not guarantee future results
For best results, use on liquid markets during their primary RTH trading sessions
Level calculations require sufficient historical data for accurate statistical projections
While the indicator provides statistical projections, always combine these signals with your own analysis and risk management strategy
The code containing the proprietary algorithms is maintained as closed source to preserve calculation integrity
Limitations
Requires adequate historical RTH session data for accurate level calculations
Works with chart Timeframe <= 30 min
Performance may vary depending on market volatility and RTH session trading conditions
Statistical projections work best on standard chart types and timeframes
Level accuracy depends on consistent RTH session patterns and market conditions
Should be used as part of a comprehensive trading strategy rather than standalone signals
Technical Requirements
Compatible with all major chart timeframes
Optimized for RTH session analysis (9:30 AM - 4:00 PM EST)
Supports up to 500 historical bars for statistical calculations
Real-time updates throughout the trading session
Advance Smc Ict V4 The Advance SMC ICT Indicator is designed to assist traders in mapping market structure and identifying key price zones based on Smart Money Concepts (SMC) such as dz idm , dz ext , hist idm , hist dz ext & tracks major and minor order flow, and marks potential areas of interest, such as the Golden Zone. The indicator aims to simplify complex chart analysis, providing a structured approach to observing market movements across different timeframes.
✦Understanding the Concept of Order Blocks
DZ IDM
Dz idm is the zone just below inducement . it is also know as decisional order block .
This decisional order block plays a crucial role in identifying potential trade entries and is especially effective at highlighting key reversal zones.
This order block contains inducement liquidity above it, which enhances its significance compared to other order blocks.
Chart Illustration
This diagram illustrates the IDM Order Block (OB-IDM), which is the first order block that appears just below the current IDM level.
SETTING
1. Customizable IDM OB BG Color – Demand
Define the fill color for demand-side IDM OBs to highlight buy zones clearly.
2. Customizable IDM OB BG Color – Supply
Define the fill color for supply-side IDM OBs to mark sell zones distinctly.
3. Customizable IDM OB Text Color – Demand
Choose the label color for “Demand” text so it remains legible over the demand zone.
4. *Customizable IDM OB Text Color – Supply
Choose the label color for “Supply” text so it stands out over the supply zone.
DZ EXT
Extreme Order Block (OB-EXT):
The OB-EXT refers to the extreme order block identified between a Major Low and a Major High. Positioned at the edge of a swing range, this zone often reflects the initial point of strong price movement and can serve as a key area where institutional activity may have occurred.
Usage:
The OB-EXT is used to highlight potential high-probability reversal zones. Its location at structural extremes makes it useful for identifying trade entries during deep pullbacks or at the beginning of trend shifts. Traders often monitor this level for reaction when price revisits it, as it can signal renewed interest and possible directional continuation.
Chart Illustration
Setting
1. Customizable EXT OB BG Color – Demand
Define the fill color for demand-side EXT Order Blocks to highlight key buy zones.
2. Customizable EXT OB BG Color – Supply
Define the fill color for supply-side EXT Order Blocks to mark critical sell zones.
3. Customizable EXT OB Text Color – Demand
Choose the “Demand” label color so it remains legible over the demand-zone background.
4. Customizable EXT OB Text Color – Supply
Choose the “Supply” label color so it stands out clearly against the supply-zone fill.
✦HIST IDM OB AND HIST EXT OB
This indicator automatically identifies and highlights key swing zones to enhance market structure analysis.This features help traders to focus on current swing ,
It dynamically marks the current active swing zones as:
DZ IDM: The most recent Inverse Demand Momentum zone, based on current price structure.
DZ EXT: The latest extreme zone between a major swing low and high.
It also tracks unmitigated historical zones as:
Hist DZ IDM: Previous IDM zones that have not yet been mitigated.
Hist DZ EXT: Past extreme zones that remain untested.
Chart Illustration
✦Minor Order flow
This tool is designed to help traders visualize both Smart Money Concepts (SMC) and Minor Order Flow in a structured and effective way. In a bullish market, a Minor Order Flow zone is defined as the last unmitigated selling move before price continues upward after a short pullback. In a bearish market, it marks the last unmitigated buying move before price resumes its downward trend.
The indicator tracks these zones in real-time,
TradingView
OANDA:XAUUSD Chart Image by AlgoHub100
dynamically labeling unmitigated zones in pink for visibility. Once price revisits and mitigates a zone, its color changes to a bluish tone, clearly showing which areas are active versus completed. This visual shift allows traders to focus on relevant swing levels, filtering out old or already-reacted zones.
Chart Illustration
Minor Order Flow Settings
-Control how Minor Order Flow levels appear on your chart:
-Toggle ON/OFF to enable or disable Minor Order Flow for a cleaner chart when needed.
-Max Count limits the number of Minor Order Flow levels shown (default: 10).
-Separate Bullish and Bearish Colors for easy identification of market direction.
-Custom Colors let you choose distinct visual styles for bullish and bearish flows.
✦Major Order flow
Major Order Flow
The Major Order Flow highlights the last unmitigated selling move in a bullish market and the last unmitigated buying move in a bearish market. These levels represent key institutional order blocks where price is likely to react.
Unmitigated Zones are displayed in blue on the chart, indicating potential areas of interest where price may return.
Once the zone is mitigated (touched by price), the color changes to greyish blue, signaling the zone has been tested.
Chart Illustration
MAJOR ORDER FLOW VS MINOR ORDER FLOW
Major Order Flow identifies the last unmitigated selling move in a bullish market (or buying move in a bearish market). These zones are shown in blue and change to greyish blue once mitigated. Minor Order Flow tracks the last unmitigated move within a larger structure, helping refine entries.
TradingView
OANDA:XAUUSD Chart Image by AlgoHub100
Breaker Block Indicator Overview
This indicator automatically identifies and confirms two special order block levels (breaker blocks) to highlight key supply and demand zones. It pre-marks these zones and then confirms them when price breaks through with a single candle. By focusing solely on these validated zones, the indicator helps traders concentrate on only the most significant supply and demand zones.
OB IDM Breaker Block
An OB IDM Breaker Block is an order block located just below an Inducement (IDM) level, which is a liquidity trap designed to lure traders. The indicator flags this block in advance. When price breaks the block with a single candle, it becomes a confirmed breaker block. This break indicates the inducement has failed and highlights a strong supply or demand zone.
OB EXT Breaker Block
An OB EXT Breaker Block is the extreme order block that lies between a Break of Structure (BOS) and a Change of Character (CHoCH). A BOS occurs when price clears a prior swing high or low, and a CHoCH is an early sign of reversal. The OB EXT is the first (outermost) order block in that swing, and it is marked by the indicator ahead of time. When price breaks this block with a single candle, it becomes a confirmed breaker block, signaling a major shift and highlighting a key supply or demand zone.
Breaker Block identifies a former order block that was invalidated by a break of structure and later retested. These levels often act as support or resistance zones, reflecting a potential shift in market sentiment. Traders may use Breaker Blocks to spot areas where price could react, helping with trade entries or exits.
Chart Illustration
TradingView
OANDA:XAUUSD Chart Image by AlgoHub100
✦Golden zone
The Golden Zone is the critical retracement band between the 61.8% and 78.6% Fibonacci levels of a significant market swing. This indicator automatically recognizes when price breaks a prior swing (Break of Structure, or BOS) and then shifts momentum (Change of Character, or CHoCH). As soon as these two events occur, it anchors a Fibonacci retracement between the BOS high/low and the CHoCH point, shading the area between the 0.618 and 0.786 levels (default: yellow fill).
Although TradingView’s built-in Fibonacci tool is free, it requires you to click two swing points every time—leaving you to guess whether those swings truly represent a valid BOS or CHoCH. In contrast, this indicator’s built-in logic ensures that the 61.8%–78.6% band is always drawn on the most relevant portion of price action without any extra effort. Whenever price completes a new BOS → CHoCH sequence, the Golden Zone instantly redraws, so you never have delayed or outdated retracements.
All aspects of the Golden Zone are fully customizable. You can replace the default 0.618/0.786 boundaries with any retracement values—such as 0.65/0.85 or 0.50/0.75—by entering your preferred ratios in the settings. Once set, those custom levels apply to every future swing, eliminating manual redraws. Likewise, the fill color, opacity, and boundary-line colors can be changed to match your chart’s theme. Select your color choices once, and each new Golden Zone appears consistently across multiple charts and timeframes.
By combining automatic structure alignment with one-click strategy adaptation (custom Fibonacci levels) and flexible styling (color, opacity, line thickness), this indicator saves you countless clicks and removes human error from swing selection. It provides a reliable, always-on highlight of where institutional orders commonly accumulate or distribute, making it easier to spot high-probability pullback entries or reversal areas.
Chart Illustration
This image shows our indicator automatically detecting major SMC swings and shading the Fibonacci 0.618–0.786 “Golden Zone” between each Break of Structure (BOS) and its subsequent Change of Character (CHoCH). By instantly plotting this band, you trade at a discounted price within the swing without manually identifying or drawing Fib lines. All retracement levels (e.g., 0.65/0.85, 0.50/0.75) and zone colors (fill, opacity, and boundary lines) are fully customizable—set your preferred ratios and styling once, and the indicator applies them on every new swing. This automation removes guesswork, saves clicks, and ensures you always see the most relevant pullback area in real time.
Minor Pullback
A minor pullback appears as a shallow retracement within an ongoing trend, without breaking the larger market structure. It represents a brief pause before price resumes its primary direction.
Traders can view minor pullbacks as opportunities to enter at slightly improved prices while the trend remains intact.
Observing how price recovers from a minor pullback helps confirm whether momentum continues in the same direction.
These pullbacks allow users to assess existing positions, consider small adjustments, and check nearby support or resistance levels.
Settings: Enabling “Show Internal Structure” highlights all minor pullbacks on the chart.
Example:
Major Pullback
A major pullback occurs when price retraces more deeply, often testing significant swing points or support/resistance zones. It can temporarily approach or break a key structure level before resuming the trend.
Traders might view a major pullback as a deeper buying opportunity in an uptrend or a validation of support.
Major pullbacks sometimes act as liquidity pools where stop-hunters target orders before a reversal.
The indicator flags major pullbacks distinctly, helping users recognize when caution is advised and when to adjust risk management.
Settings: Enabling “Mark High/Low” automatically labels major swing highs and lows.
Example:
SMC Market Structure
Smart Money Concepts focus on how institutions move price. This indicator highlights core structure components:
Break of Structure (BOS)
Indicates trend continuation when price breaks a previous swing high in an uptrend or swing low in a downtrend.
The indicator marks BOS events so users can verify that the prevailing direction remains intact.
Change of Character (CHOCH)
Signals a possible trend shift when price fails to make a new high in an uptrend and instead breaks the previous low, or vice versa.
CHOCH events are labeled to warn that momentum may be shifting.
Inducement (Trap Zones)
Marks areas where price briefly fakes a breakout to capture liquidity (stop-hunts) before reversing.
Identifying inducement moves helps avoid entries during false breakouts and encourages waiting for clearer confirmation.
The indicator labels induced swings, assisting in recognizing when a breakout may be a trap rather than a sustained move.
Example:
Order Blocks & Point of Interest (POI)
Order blocks represent price areas where institutional buying or selling created a significant move. This indicator distinguishes several types:
Point of Interest (POI)
A collective name for zones where price reactions often occur: Order Block, Breaker Block, and Mitigation Block.
Demand Zone (Bullish Order Block)
A price region where buy orders have overwhelmed sell orders, often forming a base before an upward move.
Traders may consider these zones when seeking long entries.
Supply Zone (Bearish Order Block)
Where sell orders exceed buy orders, frequently causing a downward reversal.
Traders might watch these zones for short entries or to set profit targets.
Breaker Block & Mitigation Block
Breaker Block appears after price breaks through a prior order block and then returns to test it from the opposite side, acting as flipped support or resistance.
Mitigation Block represents areas where institutions address unfilled orders created by previous moves, helping identify unbalanced liquidity.
Single Candle Order Block (SCOB)
A specific order block defined by one candlestick that initiates a notable price imbalance.
SCOBs often signal precise institutional interest and are flagged to show potential reversal or continuation levels.
Settings:
Enabling “Show POI” displays all Order Blocks, Breaker Blocks, and Mitigation Blocks.
Enabling “Institutional Order Block” toggles Demand/Supply Zones.
CONCLUSION
The Advance SMC ICT Indicator stands out by translating Smart Money Concepts into clear, actionable visuals—mapping inducement zones alongside four specialized order block types, including IDM and Extreme Order Blocks, to highlight where institutional activity is most likely concentrated. By combining precise structure analysis (BOS, CHOCH, inducements) with liquidity and fair value gap identification, it gives traders a nuanced view of where supply and demand pressures intersect. In practice, this means users can more easily spot where stop-runs may occur, recognize high-probability entry areas, and avoid common traps created by large-scale order flows.
While the Advance SMC ICT Indicator provides valuable insights into how professional participants interact with price, it is not a standalone trading system. Traders should always confirm its signals with their own analysis, apply sound risk management techniques, and consider broader market context before executing any trade.
Opening Range 15 minThis indicator highlights the Opening Range (OR) for the first 15 minutes (9:30–9:45 AM EST). It visually plots high/low lines and a shaded box to define this range, helping traders identify key intraday levels for potential breakout or rejection scenarios. The script also provides optional overlays for the Previous Day’s High/Low and the Extended Hours High/Low, offering a complete context for day trading setups.
Main Features:
Opening Range Detection – Automatically calculates and draws the high/low of the 9:30–9:45 AM session.
Visual Enhancements – Includes customizable lines, shaded boxes, and labels to mark the OR high (ORH) and low (ORL) levels.
Previous Day High/Low (Optional) – Plots and labels the previous day's high and low for reference during current day trading.
Extended Hours High/Low (Optional, when ETH enabled) – Displays overnight session levels for added insight into early volatility (4:00 AM to 9:30 AM EST).
User Customization – Easily adjust colors, label styles, and visibility for all plotted levels and regions.
Algo Structure [ValiantTrader_]Explanation of the "Algo Structure" Trading Indicator
This Pine Script indicator, created by ValiantTrader_, is a multi-timeframe swing analysis tool that helps traders identify key price levels and market structure across different timeframes. Here's how it works and how traders can use it:
Core Components
1. Multi-Timeframe Swing Analysis
The indicator tracks swing highs and lows across:
The current chart timeframe
A higher timeframe (weekly by default)
An even higher timeframe (monthly by default)
2. Swing Detection Logic
Current timeframe swings: Identified when price makes a 3-bar high/low pattern
Higher timeframe swings: Uses the highest high/lowest low of the last 3 bars on those timeframes
3. Visual Elements
Horizontal lines marking swing points
Labels showing the timeframe and percentage distance from current price
An information table summarizing key levels
How Traders Use This Indicator
1. Identifying Key Levels
The indicator draws recent swing highs (red) and swing lows (green)
These levels act as potential support/resistance areas
Traders watch for price reactions at these levels
2. Multi-Timeframe Analysis
By seeing swings from higher timeframes (weekly, monthly), traders can:
Identify more significant support/resistance zones
Understand the broader market context
Spot confluence areas where multiple timeframes align
3. Measuring Price Distance
The percentage display shows how far current price is from each swing level
Helps assess potential reward/risk at current levels
Shows volatility between swings (wider % = more volatile moves)
4. Table Summary
The info table provides a quick reference for:
Exact price levels of swings
Percentage ranges between highs and lows
Comparison across timeframes
5. Trading Applications
Breakout trading: When price moves beyond a swing high/low
Mean reversion: Trading bounces between swing levels
Trend confirmation: Higher highs/lows in multiple timeframes confirm trends
Support/resistance trading: Entering trades at swing levels with other confirmation
Customization Options
Traders can adjust:
The higher timeframes analyzed
Whether to show the timeframe labels
Whether to display swing levels
Whether to show the info table
The indicator also includes price alerts for new swing highs/lows on the current timeframe, allowing traders to get notifications when market structure changes.
This tool is particularly valuable for traders who incorporate multi-timeframe analysis into their strategy, helping them visualize important price levels across different time perspectives
BG Ichimoku Tenkan & RSI MTF (Optimized)BG Ichimoku Tenkan & RSI MTF (Optimized)
The "BG Ichimoku Tenkan & RSI MTF (Optimized)" is a powerful and versatile TradingView indicator designed to provide multi-timeframe insights into market momentum using both the Tenkan-sen component of the Ichimoku Kinko Hyo and the Relative Strength Index (RSI). Developed by BAB & GINO, this tool helps traders quickly gauge trends and potential reversals across various timeframes directly on their chart.
Key Features and Functionality
This indicator combines visual clarity with comprehensive data presentation in a customizable table, making it easier to monitor multiple market dynamics at a glance.
Tenkan-sen Analysis
The Tenkan-sen (turning line) is a crucial part of the Ichimoku Kinko Hyo, calculated as the average of the highest high and lowest low over the past 9 periods. It serves as a short-term trend indicator.
Main Tenkan-sen Plot: The indicator displays the main Tenkan-sen line on your chart, colored dynamically to match the active chart's timeframe color for easy identification.
Multi-Timeframe (MTF) Tenkan Lines: You can enable additional Tenkan-sen lines for up to seven user-defined timeframes (e.g., 1m, 3m, 5m, 15m, 30m, 60m, 240m). These lines extend from the current bar with an adjustable offset, helping you visualize higher or lower timeframe Tenkan-sen levels relative to the current price.
MTF Line Labels: Each MTF Tenkan line can have a corresponding label indicating its timeframe (e.g., "1m", "3m"), with customizable size and offset for optimal visibility.
Tenkan Trend in Table: The indicator's integrated table clearly shows the current relationship between the Tenkan-sen and the price for each selected timeframe. An "🔼" symbol indicates the Tenkan-sen is above the price (bullish signal), while a "🔽" symbol indicates it's below (bearish signal), along with the Tenkan-sen's rounded value.
RSI Analysis
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It typically ranges from 0 to 100 and is used to identify overbought or oversold conditions.
Customizable RSI Levels: You can set standard high (e.g., 60) and low (e.g., 40) RSI levels, as well as extreme high (e.g., 80) and extreme low (e.g., 20) levels to define zones of interest.
RSI Status in Table: The table provides a quick overview of the RSI value for each chosen timeframe, accompanied by intuitive emojis and symbols:
"🥵": Extremely overbought (above extreme high level)
"↑": Overbought (above high level)
"🥶": Extremely oversold (below extreme low level)
"↓": Oversold (below low level)
"-": Neutral (between high and low levels) The RSI value is also displayed, rounded to two decimal places.
Customizable Settings
The indicator offers extensive customization options through its input panel:
Table Position: Choose where the information table appears on your chart (Top Left, Top Right, Bottom Left, Bottom Right, Bottom Center).
Tenkan-sen Display: Toggle the visibility of the main Tenkan-sen line and the MTF Tenkan lines.
Line Offset: Adjust how far the MTF Tenkan lines extend from the current price bar.
MTF Label Settings: Control the visibility, size, and pixel offset of the MTF Tenkan line labels.
RSI Configuration: Define the RSI length and the thresholds for high, low, extreme high, and extreme low levels.
Table Text Size: Customize the font size within the indicator's table (Tiny, Small, Normal, Large).
Timeframe Selection: Independently set up to seven specific timeframes (in minutes) for both Tenkan and RSI analysis.
Timeframe Colors: Assign unique colors to each of the seven selected timeframes. These colors are used for the MTF Tenkan lines on the chart, the main Tenkan-sen line when its timeframe matches the chart, and the header cells in the information table, providing a consistent visual theme.
This "BG Ichimoku Tenkan & RSI MTF (Optimized)" indicator is a valuable tool for traders looking to enhance their market analysis with multi-timeframe confirmation, aiding in better-informed trading decisions.
cd_respect2_EQ_Cx🔹 Overview:
Many traders form a bias or look for trade setups by analyzing the high (H) and low (L) of previous higher timeframe candles. For example: a close above the previous daily high, a failure to close after breaking the high, or approaching the level without making a new high. As we’ve been taught to focus on these key levels, I wanted to draw attention to what's happening at the mid-levels (Equilibrium) of the current and higher timeframe candles.
We’ve all heard the phrase “Strong price reacts from equilibrium,” yet most of us wait at the extremes.
While working on equilibrium levels of both higher timeframes and the current timeframe, I noticed that when a current candle closes above/below the previous HTF candle's high/low, price often respects the part of the candle that caused the break — which I refer to as the Last Block. When respected, price tends to continue with momentum; when lost, a pullback or reversal often follows.
________________________________________
🔹 About the Indicator:
This tool analyzes four different higher timeframes and shows:
• Current candle equilibrium levels
• Previous candle equilibrium levels (2 display options):
1. On Box – classic display
2. On Candle – equilibrium is linked to the last candle that includes the level, making those candles more meaningful or "strengthened"
• Alerts (standard) and on-screen warnings when price approaches previous equilibrium levels
• High/Low levels of previous HTF candles
• High/Low levels of live HTF candles
• Last Block: the upper or lower part of the candle that caused the breakout when price closes above/below the previous HTF high/low
• Countdown timer until the close of selected HTFs
________________________________________
🔹 Menus & Usage:
🔸 Show/Hide Tab:
• Toggle Previous Equilibrium display (On Candle / On Box)
• Toggle Live Equilibrium levels, color selection, and left extension
• Toggle Current Candle Equilibrium and colors
• Alert on Chart: flashing on-screen visual alert
• Approach Limit: sets how close price must be to trigger alert
• Remaining Time (RT): toggle countdown display for selected timeframes
________________________________________
🔸 HTF H/L Levels Tab:
• Show previous and live HTF candle highs/lows
• Customize colors, starting points, and left extension options
________________________________________
🔸 Timeframes & Options Tab:
• Select which timeframes to display
• Choose level colors
• Enable price alerts
• Control visibility in the time chart
• Toggle Last Block display (close-to-high/low)
________________________________________
🔸 Look Back HTF Candles Tab:
• Delete filled levels: removes invalidated zones; only unmitigated remain
• Back Control: set how many candles to look back per timeframe (unlimited if not set)
________________________________________
🔸 HTF Boxes Tab:
• Display HTF candles in boxes
• Set colors (single color or per timeframe)
• Adjust font sizes across the chart
________________________________________
🔹 Usage & Last Blocks:
The core idea behind both equilibrium levels and last blocks is:
Price should “gain” and respect them to validate continuation.
Viewing multiple timeframes together strengthens bias.
Each level is treated as part of the candle it's associated with — defining the “area to be gained.”
“Did price respect the level because of that candle, or did the candle gain significance because it aligned with the level? That’s open for debate.”
(In my opinion, the candle gains significance because it aligns with the level.)
When respected, these levels/blocks act as support; when lost, they act as resistance.
In suitable timeframes, reclaiming previous equilibrium levels may be interpreted as CHoCH / CISD / IDM depending on the context.
________________________________________
🔹 Usage Example – Last Blocks:
I personally trade on 1-minute and use Daily / H4 / H1 / 15m as selected timeframes.
For example, if price reclaims the previous 15m level, I view it as a Change of Character. I then expect the next candle to show respect in that direction.
Choose timeframes based on your trading style.
Sometimes, HTF levels (past and live) cluster tightly — these areas are key watch zones for me.
That’s the reason I decided to share this indicator.
________________________________________
🔹 Chart Examples:
🔸 Example 1:
Price closes above both the 12:45 15m candle and the 12:00 H1 equilibrium levels.
Last Block forms. After retracing, price mitigates the block and respects live equilibrium levels (H4/H1/15m).
🔸 Example 2:
Explained on chart – Levels that pushed price down in the bearish trend later acted as support.
🔸 Example 3 – CHoCH/CISD/IDM Alternative:
Explained on chart – Replacing structural signals with equilibrium levels.
I see this pattern often — very effective.
🔸 Example 4:
Many levels are clustered in a narrow range; price shows respect across the board.
________________________________________
🔹 Final Note:
Hope you like the tool. I’d love to hear your thoughts and suggestions.
"Keep in mind, strong price reverses from equilibrium."
Happy trading!
Market Sentiment Index US Top 40 [Pt]▮Overview
Market Sentiment Index US Top 40 [Pt} shows how the largest US stocks behave together. You pick one simple measure—High Low breakouts, Above Below moving average, or RSI overbought/oversold—and see how many of your chosen top 10/20/30/40 NYSE or NASDAQ names are bullish, neutral, or bearish.
This tool gives you a quick view of broad-market strength or weakness so you can time trades, confirm trends, and spot hidden shifts in market sentiment.
▮Key Features
► Three Simple Modes
High Low Index: counts stocks making new highs or lows over your lookback period
Above Below MA: flags stocks trading above or below their moving average
RSI Sentiment: marks overbought or oversold stocks and plots a small histogram
► Universe Selection
Top 10, 20, 30, or 40 symbols from NYSE or NASDAQ
Option to weight by market cap or treat all symbols equally
► Timeframe Choice
Use your chart’s timeframe or any intraday, daily, weekly, or monthly resolution
► Histogram Smoothing
Two optional moving averages on the sentiment bars
Markers show when the faster average crosses above or below the slower one
► Ticker Table
Optional on-chart table showing each ticker’s state in color
Grid or single-row layout with adjustable text size and color settings
▮Inputs
► Mode and Lookback
Pick High Low, Above Below MA, or RSI Sentiment
Set lookback length (for example 10 bars)
If using Above Below MA, choose the moving average type (EMA, SMA, etc.)
► Universe Setup
Market: NYSE or NASDAQ
Number of symbols: 10, 20, 30, or 40
Weights: on or off
Timeframe: blank to match chart or pick any other
► Moving Averages on Histogram
Enable fast and slow averages
Set their lengths and types
Choose colors for averages and markers
► Table Options
Show or hide the symbol table
Select text size: tiny, small, or normal
Choose layout: grid or one-row
Pick colors for bullish, neutral, and bearish cells
Show or hide exchange prefixes
▮How to Read It
► Sentiment Bars
Green means bullish
Red means bearish
Near zero means neutral
► Zero Line
Separates bullish from bearish readings
► High Low Line (High Low mode only)
Smooth ratio of highs versus lows over your lookback
► MA Crosses
Fast MA above slow MA hints rising breadth
Fast MA below slow MA hints falling breadth
► Ticker Table
Each cell colored green, gray, or red for bull, neutral, or bear
▮Use Cases
► Confirm Market Trends
Early warning when price makes highs but breadth is weak
Catch rallies when breadth turns strong while price is flat
► Spot Sector Rotation
Switch between NYSE and NASDAQ to see which group leads
Watch tech versus industrial breadth to track money flow
► Filter Trade Signals
Enter longs only when breadth is bullish
Consider shorts when breadth turns negative
► Combine with Other Indicators
Use RSI Sentiment with trend tools to spot overextended moves
Add volume indicators in High Low mode for breakout confirmation
► Timeframe Analysis
Daily for big-picture bias
Intraday (15-min) for precise entries and exits
Forex Session + Volume Profile [RunRox]📊 Forex Session + Volume Profile is built especially for traders who work with intra-session liquidity concepts or any strategy that needs a clear visual of trading sessions and the liquidity inside them.
Our team created this indicator to give you better session visibility, flexible session styling, and extra tools that help you navigate the market more easily.
📌 Features:
6 fully customizable sessions
Kill Zone (the high-impact trading window)
Volume Profile for each session
POC / VAL / VAH / LVN levels (Point of Control, Value Area Low, Value Area High, Low Volume Node)
PDH / PDL levels (Previous Day High / Low)
PWH / PWL levels (Previous Week High / Low)
NYM level (New York Market level)
Active sessions table
5 style options for each session
All of this gives you the flexibility to set up exactly the layout you need for your trading. Below, you’ll find a more detailed look at each feature.
🗓️ 6 CUSTOMIZABLE SESSION
The indicator includes six sessions that you can fully customize to fit your needs—everything from naming each session and choosing line colors to adjusting opacity, showing the volume profile, or even turning off a session entirely if you don’t need it.
Plus, you can pick different display styles for each session. As shown in the screenshot below, there are five style options you can apply individually to every session.
5 Style Options for Sessions
BOX
AREA
ZONES
LINES
CURVED
These styles can be customized for each session individually to help you highlight the sessions you care about on your chart. Example below
📢 VOLUME PROFILE
We’ve also integrated a Volume Profile into the indicator to pinpoint important levels on the chart. On top of that, we’ve added extra volume-based levels. Below, you’ll find the settings and a visual demo of how it appears on your chart.
To identify optimal entry points, you can use the following key reference levels:
POC (Point of Control)
VAL (Value Area Low)
VAH (Value Area High)
LVN (Low Volume Node)
You can also customize colors and line styles, or hide any levels you don’t need on your chart.
📐 ADDITIONAL LEVELS
You can display the following levels on your chart:
NYM (New York Market)
PDH (Previous Day High)
PDL (Previous Day Low)
PWH (Previous Week High)
PWL (Previous Week Low)
All of these are fully customizable with color selection and the option to extend lines into the next period.
💹 ACTIVE SESSION TABLE
The active sessions table helps you quickly identify the trading times for the sessions you care about. It’s fully customizable, with options to choose border and background colors for the table itself.
🟠 USAGE
This indicator is highly versatile: use it to simply mark trading sessions on your chart, set up the Kill Zone at your chosen time, or identify the context of the previous session by its most traded range levels. All of this makes the indicator an invaluable tool for any trader!
Opening Range and Market BoundariesOpening Range and Market Boundaries
This versatile and insightful indicator combines two powerful concepts frequently used by professional traders: Opening Range Analysis and Market Boundaries derived from previous high/low levels. It is specifically designed to support intraday trading strategies and helps you identify key price zones for entries, exits, and breakout confirmations.
🔍 Features & Utility
1. Opening Range Box
What it does:
Highlights the high and low of the first candle after market open (9:15 AM IST) with a shaded box. This box spans the full trading session, from 9:15 AM to 3:30 PM, representing the key price range where the initial balance is formed.
Timeframe Compatibility:
The Opening Range box is optimized for 1-minute to 1-hour charts. It is most effective on lower timeframes (1m, 5m, 15m, 30m) where intraday price movements and breakout patterns can be clearly observed.
Usage Tips:
Breakouts above or below the Opening Range box can signal potential directional bias for the rest of the trading day.
Price consolidating within the range may indicate a choppy or range-bound session.
Works well with volume and momentum indicators for confirmation.
2. Market Boundaries
What it does:
Plots horizontal lines at:
Previous Day High/Low
Previous Week High/Low
Previous Month High/Low
Why it matters:
These levels act as natural support and resistance zones, and are commonly watched by institutional traders, making them crucial for:
Spotting reversals or breakouts
Planning stop-loss and target zones
Avoiding trades around high-rejection areas
Customization Options:
Toggle ON/OFF for Daily, Weekly, and Monthly levels.
Independent colors and line thickness for each level, enabling you to distinguish between different timeframes easily.
🛠️ How to Use Effectively
Use during market open:
Switch to a 5-minute or 15-minute chart during the first few candles of the session. Observe the Opening Range box formation and plan trades based on breakout direction.
Confluence Trading:
Look for price action near previous session highs/lows in confluence with the Opening Range box edges. These intersections often become high-probability zones for breakouts or reversals.
Session Preparation:
Before the market opens, analyze where the price is relative to past high/low boundaries. If it's near a weekly/monthly level, be cautious — those areas can cause whipsaws or false breakouts.
Avoid low-volume breakouts:
Use this indicator in conjunction with volume tools or price action confirmation to validate the strength of a move outside the Opening Range or Market Boundaries.
📌 Summary
This indicator is designed for intraday traders, scalpers, and swing traders who want a reliable structure to guide their decisions. It visually marks the opening balance of the market and essential higher timeframe boundaries, helping you trade with discipline and precision.
[TTM] ICT Sessions & Ranges🌟 Overview 🌟
The ICT Sessions & Ranges Indicator helps traders identify key intraday price levels by marking custom session highs/lows and opening ranges.
It helps traders spot potential liquidity grabs, reversals, and breakout zones by tracking price behavior around these key areas
🌟 Session Highs & Lows – Liquidity Zones 🌟
Session highs and lows often attract price due to stop orders resting above or below them. These levels are frequently targeted during high-volatility moves.
🔹 Asia Session
- Usually ranges in low volatility.
- Highs/lows often get swept during early London.
- Price may raid these levels, then reverse.
🔹 London Session
- First major volatility of the day.
- Highs/lows often tested or swept in New York.
- Commonly forms the day’s true high or low.
🌟 Opening Range Concepts 🌟
The Opening Range is the first 15, 30, or 60 minutes of a session (e.g., New York).
The high (ORH) and low (ORL) define the market’s initial balance and key reaction levels.
🔹 Breakout Trade
- Price breaks ORH/ORL with momentum.
- Signals directional intent.
- Traders enter on the breakout, with stops inside the range.
🔹 Liquidity Raid
- Price briefly breaks ORH/ORL to trigger stops.
- Reverses after the sweep.
- Look for structure shift and entry near FVG or OB.
🌟 Customizable Settings 🌟
The indicator includes 3 configurable ranges , each with:
Start & End Time – Set any custom time window.
Display Type – Choose Box (highlight range) or Lines (mark high/low).
Color Settings – Set custom colors for boxes and lines.
🌟 Default Settings 🌟
Range 1 : 19:00–00:00 (Asia Session)
Range 2 : 01:45–05:15 (London Session)
Range 3 : 09:30–10:00 (NY Opening Range – 30m)
High Threshold Volume BarHigh Threshold Volume Bar (HP Vol Bar) has the following features highlighted below.
Overview:
The High Threshold Volume Bar (HP Vol Bar) is an advanced technical analysis tool designed to identify statistically significant price bars based on volume, range, and trend dynamics. It helps traders spot high-probability continuation or reversal setups by analyzing bar size relative to historical volatility, volume spikes, and trend strength.
Key Features
1. Adaptive Threshold Detection
.Uses standard deviation bands and moving averages to dynamically adjust the significance threshold based on recent market conditions.
.Bars exceeding this threshold are flagged as "significant" and color-coded for easy identification.
2. Volume & Range Normalization
.Adjusts bar size calculations by factoring in volume spikes (relative to SMA-smoothed volume) and full price range (high-low or just body size).
.Prevents false signals by capping extreme volume outliers.
3. Trend Strength & Direction
Incorporates Directional Movement (DMI) to assess trend strength.
Classifies signals as continuation or reversal based on trend alignment.
4. Percentile Ranking
.Compares current bar size against a lookback period (default: 100 bars) to determine its statistical rarity (top 20% = high significance).
5. Consecutive Signal Filtering
.Requires multiple consecutive significant bars (configurable) to confirm high-probability setups, reducing noise.
6. Visual & Alert System
.Color-coded bars:
.Blue (Bullish Continuation) / Pink (Bearish Continuation) for high-probability signals.
.Teal (Bullish) / Maroon (Bearish) for significant but unconfirmed bars.
.Info Table: Displays real-time metrics (signal type, percentile, trend strength, volatility regime).
.Alerts: Triggers when a high-probability sequence is detected.
Input Parameters
1. Parameter Description Default
2. SMA Length Smoothing period for average bar size. 50
3. Standard Deviation Period Lookback for volatility calculation. 20
4. Standard Deviation Multiplier Adjusts sensitivity of threshold. 2.5
5. Factor in Volume Normalizes bar size using volume. true
6. Use Full Range Measures high-low instead of open-close. true
7. Min Consecutive Bars Required confirmations for high-probability signals. 2
8. Historical Comparison Period Lookback for percentile ranking. 100
9. Trend Strength Period Smoothing for DMI-based trend assessment. 14
How It Works
1. Calculates Bar Size:
.Uses either full range (high-low) or body size (open-close).
.Adjusts for volume spikes via EMA-normalized volume.
2. Determines Significance:
.Bar size must exceed:
.Adaptive threshold = SMA + (StdDev × Multiplier × Volatility Factor).
.Percentile rank > 80% (top 20% of recent bars).
.Trend strength > 20% (DMI-derived).
3. Classifies Signals:
.Continuation: Significant bar aligns with prior trend.
.Reversal: Significant bar contradicts prior trend.
4. Confirms High-Probability Setups:
.Requires consecutive significant bars (user-defined) to filter noise.
7. Usage Guidelines
.Bullish Signals: Look for blue bars (confirmed) or teal bars (unconfirmed) in uptrends.
.Bearish Signals: Look for pink bars (confirmed) or maroon bars (unconfirmed) in downtrends.
.Alerts: Use built-in alerts to notify when a high-probability sequence forms.
.Combine With: Support/resistance levels, candlestick patterns, or momentum oscillators for confluence.
8. Why This Script?
.Dynamic Adaptation: Adjusts to changing volatility and volume regimes.
.Statistical Rigor: Uses percentile ranking to avoid overfitting.
.Clear Visuals: Intuitive color-coding and table for quick analysis.
Note: This is a closed-source script, but the logic is transparently explained to ensure traders understand its methodology.
How to Use "High Threshold Volume Bar" for Trade Entries
The HP Vol Bar indicator identifies high-probability trade setups based on statistically significant price bars. Here’s how to use it for entries, exits, and trade management:
1. Trade Entry Rules (Table Values to consider to trade)
A) Bullish Continuation Setup (Trend Following)
Conditions:
✅Signal Status: Active
✅ Signal Type: bullish_cont (Blue,Teal bar)
✅Size percentile: 90%
✅ Trend Strength: > 20% (Strong trend)
✅ Consecutive Bars: ≥ 1or2
✅ Volume Regime : High
Entry:
.Buy at the close of the second (or Nth) confirmed blue bar.
.Stop Loss (SL): Below the lowest bar in the sequence.
.Take Profit (TP):
1.5× to 2× the bar size (adaptive to volatility).
Example:
Bearish Continuation Example
B) Bearish Continuation Setup (Trend Following)
Conditions:
✅Signal Status: Active
✅ Signal Type: bearish_cont (Pink bar)
✅Size percentile: 90%
✅ Trend Strength: > 20%
✅ Consecutive Bars: ≥ 1or2
✅ Volume Regime : High
Entry:
Sell Short at the close of the second (or Nth) confirmed pink bar.
Stop Loss (SL): Above the highest bar in the sequence.
Take Profit (TP): Similar to bullish (1.5-2× bar size).
C) Bullish/Bearish Reversal Setup (Counter-Trend)
Conditions:
✅Signal Status: Active
✅ Signal Type: bullish_rev or bearish_rev
✅Size percentile: 90%
✅ Trend Strength: > 20%
✅ Consecutive Bars: ≥ 1or2
✅ Volume Regime : High
Entry:
Wait for confirmation (next bar closes in reversal direction).
SL: Opposite extreme of the signal bar.
Example:
Reversal Example
2. Filtering & Confluence (Improving Accuracy)
Trend Alignment: Only trade in the direction of the higher timeframe trend (e.g., use EMA 50/200)
Support/Resistance: Enter near key levels for better risk-reward.
Volume Confirmation: Avoid signals with below-average volume.
3. Advanced Strategies
A) Breakout Confirmation
If a significant bar breaks a key level, enter on retest.
Example: Blue bar breaks resistance → Buy on pullback.
B) Mean Reversion (Range Markets)
Use low volatility mode (volRegimeText = "LOW") + reversal signals.
Fade extreme moves back to the mean (e.g., SMA).
GCM Supreme Trading System Pro (With Golden Zone)Okay, bro! Here are some notes on your "GCM Supreme Trading System Pro (Dashboard + RSI)" indicator based on the Pine Script code you provided. Think of this as a breakdown of its components, logic, and how you might use it, along with some things to consider.
GCM Supreme Trading System Pro (Dashboard + RSI) - Notes
Overall Concept:
This indicator aims to provide an "all-in-one" visual dashboard and signal system by combining several technical analysis concepts:
Short-Term Trend: Using a fast EMA.
Volatility/Channel: High/Low plot with fill.
Sentiment: Background color based on price vs. EMA.
Price Structure/Pattern: Highlighting potential AMD phases.
Key Price Level: Previous day's specific Fibonacci zone (Golden Zone).
Momentum: RSI Overbought/Oversold status.
Volume Analysis: Identifying volume spikes.
Risk Assessment: Based on ATR volatility.
Signal Generation: Based on EMA direction change confirmed by candle color.
Centralized Summary: A dashboard showing the status of key components.
Key Components & How They Work:
Trend EMA (Length: 3 by default):
What: A very fast Exponential Moving Average of the specified source (close by default).
How: Plots the EMA line. Colors the line green if the EMA is moving up, red if moving down, gray if flat.
Usage: Provides a very quick view of the immediate price direction and momentum.
High/Low Channel Lines & Fill:
What: Plots the current bar's high and low.
How: The area between the high and low is filled. The fill color changes based on whether the Trend EMA is moving up (green fill), down (red fill), or is neutral (gray fill).
Usage: Visualizes the recent price range/volatility and ties it to the immediate trend direction.
Sentiment Background:
What: Colors the chart background.
How: Background is lightly colored green if the close is above the Trend EMA, and red if the close is below the Trend EMA.
Usage: Reinforces the current short-term bias based on price's position relative to the fast EMA.
AMD Pattern Candles:
What: Highlights specific candle patterns often associated with Accumulation, Manipulation, and Distribution phases.
How:
Accumulation (Aqua): Previous candle was Red, current candle is Green (Red -> Green).
Manipulation (Yellow): Previous candle was Green, current candle is Red (Green -> Red).
Distribution (Fuchsia): Two consecutive Red candles where the candle before the first Red was Not Red (Not Red -> Red -> Red).
Usage: Helps visually spot potential shifts in market behavior according to the AMD concept.
Previous Day's Fib Golden Zone (0.55-0.66):
What: Calculates a specific Fibonacci zone (between 55% and 66%) based on the previous day's range (High-Low).
How: Plots a horizontal box on the chart covering the calculated zone level. Uses the previous day's range direction (Green/Red candle) to determine if the zone is calculated up from the low (Green day) or down from the high (Red day).
Usage: Identifies a potential key retracement or support/resistance zone from the previous day's price action that may be relevant for the current day.
RSI (Relative Strength Index):
What: A classic momentum oscillator.
How: Calculates the RSI value based on the specified length and source. The dashboard shows the current value and flags it as Overbought (> OB level), Oversold (< OS level), or Neutral.
Usage: Provides context on momentum extremes. High RSI suggests strong upward momentum (potentially overextended), low RSI suggests strong downward momentum (potentially oversold).
Volume Spike Confirmation:
What: Compares current volume to its Moving Average.
How: Calculates a simple moving average of volume. Identifies a "Spike" if the current volume is significantly higher (multiplied by a factor) than the MA.
Usage: Provides a contextual check for increased activity accompanying price moves. (Note: In the current script, this is calculated and shown on the dashboard but not directly used in the signal label logic, though it could be added).
Risk Assessment (ATR):
What: Uses the Average True Range.
How: Calculates the ATR for the specified length. Compares the current ATR to a longer-term average ATR. Flags "High Risk" if the current ATR is significantly higher than the average.
Usage: Gives an indication of current volatility relative to recent history, which can inform stop-loss placement or position sizing.
Signals (Buy/Sell Labels):
What: Plots "BUY" or "SELL" labels on the chart.
How:
BUY Signal: Triggers when the Trend EMA starts moving Up on the previous bar AND the current bar is Green (close > open).
SELL Signal: Triggers when the Trend EMA starts moving Down on the previous bar AND the current bar is Red (close < open).
Usage: These are your potential entry triggers. They indicate that the fast EMA trend has just changed direction and the current candle is confirming that move with its color.
Dashboard:
What: A 2x5 table displayed on the chart (bottom right by default).
How: Shows the current status of:
Trend (Bull/Bear/Neutral)
Volume (Spike/Normal)
Last Signal (🟢 BUY, 🔴 SELL, or None)
Risk (High/Normal based on ATR)
RSI (Overbought/Oversold/Neutral + Current Value)
Usage: Provides a quick, centralized summary of multiple indicator components without having to visually check every detail on the chart or separate panes.
How to Potentially Use It (Example Interpretation):
Look for a BUY signal (Green label) when:
The dashboard shows "🟢 BUY" as the Last Signal.
Consider additional confirmation: Is Volume status "Spike"? Is Risk "Normal"? Is RSI not "Overbought" (or perhaps just coming out of "Oversold" territory)? Is the price above/interacting positively with the Golden Zone?
Look for a SELL signal (Red label) when:
The dashboard shows "🔴 SELL" as the Last Signal.
Consider additional confirmation: Is Volume status "Spike"? Is Risk "Normal"? Is RSI not "Oversold" (or perhaps just coming out of "Overbought" territory)? Is the price below/interacting negatively with the Golden Zone?
Use the Sentiment Background and High/Low Channel Fill to quickly see the immediate trend and volatility context.
Watch AMD candles around key levels (like the Golden Zone or signal triggers) for potential pattern confirmation.
Check the Dashboard frequently for a summary of all these factors, even without a specific signal.
Strengths & Potential Benefits:
Comprehensive View: Integrates multiple popular trading concepts into a single indicator.
Visual Clarity: Uses colors, fills, labels, and a dashboard for easy interpretation.
Customizable: Inputs allow tuning the sensitivity of the EMA, Volume, ATR, and RSI to different assets/timeframes.
Dashboard Efficiency: Saves time by consolidating key status points.
Non-Repainting Signals: The buy/sell labels trigger and stay based on closed bar data.
Important Considerations & Limitations:
Fast EMA Sensitivity: An EMA length of 3 is very fast and prone to whipsaws, especially in choppy or ranging markets. Signals based solely on this could be frequent and unreliable in non-trending conditions.
Signal Logic: The core signal is only based on EMA direction change + candle color. While simple, it might miss opportunities or generate signals without broader market confirmation (like strong volume, favorable RSI position, or reaction at key levels). The dashboard provides these other factors as context, but they aren't required for the signal label in the current code.
Golden Zone Reliance: The previous day's Fib zone is just one potential level. It won't always be respected, and its relevance might vary significantly across different markets and timeframes.
AMD Patterns: The defined AMD patterns are specific. The market's "real" accumulation/manipulation/distribution might manifest in more complex ways.
Dashboard as Summary, Not Signal: Remember the dashboard shows the current status of all components on the last bar, but the BUY/SELL signal labels are based on a specific historical event (previous bar's EMA turn). You need to look at both: the label for the trigger, and the dashboard for the confluence of other factors right now.
Not a Standalone System: While called a "Trading System," no single indicator guarantees profitability. This tool provides signals and context, but requires a robust trading plan including stop losses, profit targets, position sizing, and potentially confluence with other analysis methods.
Timeframe Dependency: The ideal settings (EMA length, RSI length, etc.) will likely differ significantly between timeframes (e.g., 1-minute vs. 4-hour). Testing and optimization are crucial.
In Summary:
The "GCM Supreme Trading System Pro (Dashboard + RSI)" is a well-designed indicator that consolidates several useful analysis tools into a single view. Its strength lies in providing quick visual context and a clear signal trigger based on short-term trend shifts. However, like any indicator, it's not perfect. Its effectiveness will largely depend on the market conditions, the chosen settings, and how it's integrated into a comprehensive trading strategy, using the dashboard components as essential confirmation and risk assessment tools alongside the primary signal labels.
SMT SwiftEdge PowerhouseSMT SwiftEdge Powerhouse: Precision Trading with Divergence, Liquidity Grabs, and OTE Zones
The SMT SwiftEdge Powerhouse is a powerful trading tool designed to help traders identify high-probability entry points during the most active market sessions—London and New York. By combining Smart Money Technique (SMT) Divergence, Liquidity Grabs, and Optimal Trade Entry (OTE) Zones, this script provides a unique and cohesive strategy for capturing market reversals with precision. Whether you're a scalper or a swing trader, this indicator offers clear visual signals to enhance your trading decisions on any timeframe.
What Does This Script Do?
This script integrates three key concepts to identify potential trading opportunities:
SMT Divergence:
SMT Divergence compares the price action of two correlated assets (e.g., Nasdaq and S&P 500 futures) to detect hidden market reversals. When one asset makes a higher high while the other makes a lower high (bearish divergence), or one makes a lower low while the other makes a higher low (bullish divergence), it signals a potential reversal. This technique leverages institutional "smart money" behavior to anticipate market shifts.
Liquidity Grabs:
Liquidity Grabs occur when price breaks above recent highs or below recent lows on higher timeframes (5m and 15m), often triggering stop-loss orders from retail traders. These breakouts are identified using pivot points and confirm institutional activity, setting the stage for a reversal. The script focuses on liquidity grabs during the London and New York sessions for maximum market activity.
Optimal Trade Entry (OTE) Zones:
OTE Zones are Fibonacci-based retracement areas (e.g., 61.8%) calculated after a liquidity grab. These zones highlight where price is likely to retrace before continuing in the direction of the reversal, offering a high-probability entry point. The script adjusts the width of these zones using the Average True Range (ATR) to adapt to market volatility.
By combining these components, the script identifies when institutional activity (liquidity grabs) aligns with market reversals (SMT divergence) and pinpoints precise entry points (OTE zones) during high-liquidity sessions.
Why Combine These Components?
The integration of SMT Divergence, Liquidity Grabs, and OTE Zones creates a robust trading system for several reasons:
Synergy of Institutional Signals: SMT Divergence and Liquidity Grabs both reflect "smart money" behavior—divergence shows hidden reversals, while liquidity grabs confirm institutional intent to trap retail traders. Together, they provide a strong foundation for identifying high-probability setups.
Session-Based Precision: Focusing on the London and New York sessions ensures signals occur during periods of high volatility and liquidity, increasing their reliability.
Precision Entries with OTE: After confirming a setup with divergence and liquidity grabs, OTE zones provide a clear entry area, reducing guesswork and improving trade accuracy.
Adaptability: The script works on any timeframe, with adjustable settings for signal sensitivity, session times, and Fibonacci levels, making it versatile for different trading styles.
This combination makes the script unique by aligning institutional insights with actionable entry points, tailored to the most active market hours.
How to Use the Script
Setup:
Add the script to your chart (works on any timeframe, e.g., 1m, 5m, 15m).
Configure the settings in the indicator's inputs:
Session Settings: Adjust the start/end times for London and New York sessions (default: London 8-11 UTC, New York 13-16 UTC). You can disable session restrictions if desired.
Asset Settings: Set the primary and secondary assets for SMT Divergence (default: NQ1! and ES1!). Ensure the assets are correlated.
Signal Settings: Adjust the lookback period, ATR period, and signal sensitivity (Low/Medium/High) to control the frequency of signals.
OTE Settings: Choose the Fibonacci level for OTE zones (default: 61.8%).
Visual Settings: Enable/disable OTE zones, SMT labels, and debug labels for troubleshooting.
Interpreting Signals:
Blue Circles: Indicate a liquidity grab (price breaking a 5m or 15m pivot high/low), marking the start of a potential setup.
Blue OTE Zones: Appear after a liquidity grab, showing the retracement area (e.g., 61.8% Fibonacci level) where price is likely to enter for a reversal trade. The label "OTE Trigger 5m/15m" confirms the direction (Short/Long) and session.
Green/Red Entry Boxes: Mark precise entry points when price enters the OTE zone and confirms the SMT Divergence. Green boxes indicate a long entry, red boxes a short entry.
Trading Example:
On a 1m chart, a blue circle appears when price breaks a 5m pivot high during the London session.
A blue OTE zone forms, showing a retracement area (e.g., 61.8% Fibonacci level) with the label "OTE Trigger 5m/15m (Short, London)".
Price retraces into the OTE zone, and a red "Short Entry" box appears, confirming a bearish SMT Divergence.
Enter a short trade at the red box, with a stop-loss above the OTE zone and a take-profit at the next support level.
Originality and Utility
The SMT SwiftEdge Powerhouse stands out by merging SMT Divergence, Liquidity Grabs, and OTE Zones into a single, session-focused indicator. Unlike traditional indicators that focus on one aspect of price action, this script combines institutional reversal signals with precise entry zones, tailored to the most active market hours. Its adaptability across timeframes, customizable settings, and clear visual cues make it a versatile tool for traders seeking to capitalize on smart money movements with confidence.
Tips for Best Results
Use on correlated assets like NQ1! (Nasdaq futures) and ES1! (S&P 500 futures) for accurate SMT Divergence.
Test on lower timeframes (1m, 5m) for scalping or higher timeframes (15m, 1H) for swing trading.
Adjust the "Signal Sensitivity" to "High" for more signals or "Low" for fewer, high-quality setups.
Enable "Show Debug Labels" if signals are not appearing as expected, to troubleshoot pivot points and liquidity grabs.
ENIGMA 369 ENIGMA 369 is a unique Pine Script indicator that combines two complementary trading systems: Break of Structure (BOS) Detection and Session-Based Sniper Signals.
Designed to help traders identify market structure shifts and potential intraday setups, it overlays on the chart to highlight key levels and momentum-driven opportunities. The indicator’s originality lies in its integration of pattern-based BOS analysis (inspired by Smart Money concepts) with time- and trend-filtered Sniper signals, creating a cohesive tool for both swing and intraday trading.
Unlike standalone breakout or scalping indicators, ENIGMA 369 uses:
BOS Logic: A specific two-candle pattern sequence to detect structural shifts, filtered by ATR for significance.
Sniper Logic: Momentum-based signals during high-volatility sessions, optionally aligned with EMA trends.
This synergy allows traders to assess market direction strategically (via BOS) and time entries tactically (via Sniper), all within one indicator.
What It Does
ENIGMA 369 performs two distinct functions:
Break of Structure (BOS) Detection:
Identifies potential support/resistance levels using BullBear (bullish candle followed by bearish) and BearBull (bearish followed by bullish) candle pairs.
Confirms breakouts when price sustains above (bullish) or below (bearish) these levels for a set number of bars.
Draws horizontal lines at confirmed breakout levels, which persist until price crosses a user-defined buffer zone.
Sniper Momentum Signals:
Detects buy/sell setups during user-specified trading sessions (e.g., London/US), based on candle momentum (close relative to midpoint, higher highs/lower lows).
Optionally filters signals with an EMA to align with the broader trend.
Plots lines at the candle’s high/low and 50% wick levels, serving as reference points for entries or stops, removed when price crosses them.
How It Works
ENIGMA 369 relies on price action, market timing, and trend context to generate signals. Here’s how each component operates:
BOS Logic:
Pattern Detection: Scans for two-candle patterns where the first candle is significant (size exceeds an ATR-based threshold) and the second opposes it. For example, a BullBear pair marks the first candle’s high as a potential resistance.
ATR Filter: Uses the Average True Range (default: 14 periods) to ensure the first candle’s range or body is substantial, reducing noise. Users can adjust the ATR multiplier (default: 0.5).
Confirmation: Requires price to close above/below the stored level for a user-defined number of bars (default: 1) to confirm a breakout.
Line Management: Plots green (bullish) or red (bearish) lines at confirmed levels, extending for a set number of bars (default: 10). Lines are deleted if price crosses a buffer (percentage of price or ATR-based, default: 0.1).
Visualization: Optionally highlights pattern candles with transparent green/red backgrounds.
Sniper Logic:
Momentum Signals: Identifies buy signals when a candle closes above its midpoint (high+low)/2 and has a lower low than the prior candle, indicating potential bullish momentum. Sell signals require a close below the midpoint and a higher high.
Session Filter: Limits signals to user-defined London/US session hours (default: 1-23 UTC, adjustable to specific hours like 7-11 UTC for London).
EMA Filter: Optionally uses a 50-period EMA (adjustable) to ensure buy signals occur in uptrends (rising EMA) and sell signals in downtrends (falling EMA).
Line Plotting: Draws blue lines for buy signals (at the low and 50% of the lower wick) and orange lines for sell signals (at the high and 50% of the upper wick). Lines extend right until price crosses them, managed via arrays for efficiency.
Dynamic Removal: Lines are automatically deleted when price breaches them, reflecting changing market conditions.
Why Combine BOS and Sniper?
The integration of BOS and Sniper logic is purposeful and synergistic:
BOS provides a strategic view by identifying structural shifts, helping traders understand the market’s directional bias (e.g., bullish after a confirmed high breakout).
Sniper offers tactical entry points within these trends, focusing on high-volatility sessions where momentum is likely to drive clear moves.
Together, they enable traders to align short-term trades with long-term structure, reducing the risk of trading against the trend. For example, a trader can wait for a bullish BOS confirmation before taking Sniper buy signals, enhancing setup reliability.
This combination is original because it merges Smart Money-inspired BOS detection with a session-based momentum system, a pairing not commonly found in single indicators. It avoids redundant mashups by ensuring each component serves a distinct yet complementary role.
How to Use It
Setup:
Apply ENIGMA 369 to a TradingView chart (Pine Script v5). The chart shown here uses a clean H1 candlestick setup to highlight BOS and Sniper outputs clearly.
Customize settings:
BOS:
ATR Period (default: 14), Min Candle Size (default: 0.5x ATR): Adjust for pattern sensitivity.
Confirmation Bars (default: 1): Set for faster/slower breakouts.
Buffer Type (Percentage/ATR), Buffer Zone Value (default: 0.1): Control line deletion.
Show Lines (default: true), Highlight Candle Pairs (default: false): Enable visuals.
Customize line colors (green/red) and width/length.
Sniper:
London/US Start/End Hours: Set to match your asset’s volatility (e.g., 7-11 UTC for London forex).
EMA Filter (default: true), EMA Period (default: 50): Enable for trend alignment.
Customize line styles (Solid/Dotted/Dashed) and colors (blue/orange) to distinguish from BOS.
Suggested timeframes: H1-H4 for BOS (swing trading), M5-M15 for Sniper (intraday).
Trading with BOS:
Monitor for green (bullish) or red (bearish) lines indicating confirmed breakouts.
Use lines as support/resistance:
Bullish BOS: Consider longs above the line, with stops below the line or buffer.
Bearish BOS: Consider shorts below the line, with stops above the line or buffer.
Line deletion signals a potential reversal or level invalidation.
Trading with Sniper:
Look for blue (buy) or orange (sell) lines during active sessions:
Buy: Enter long at the low or 50% wick line, with stops below the low and targets at resistance.
Sell: Enter short at the high or 50% wick line, with stops above the high and targets at support.
Use EMA filter to avoid counter-trend signals.
Lines disappear when crossed, indicating the setup’s completion or invalidation.
Alerts:
Set alerts for:
“Bullish/Bearish BOS Confirmed” for structural shifts.
“Sniper Buy/Sell Alert” for intraday setups.
Combine with volume, key levels, or news for confirmation.
Best Practices:
Use BOS to confirm trend direction before taking Sniper signals.
Test settings on your asset/timeframe via backtesting.
Apply stop-losses and risk-reward ratios (e.g., 1:2) for discipline.
The chart example shows BOS lines (green/red) and Sniper lines (blue/orange) on an H1 chart, ensuring clarity.
Underlying Concepts
Market Structure (BOS): Identifies turning points where supply/demand shifts, using two-candle patterns to mark significant levels, similar to order block concepts.
Momentum and Timing (Sniper): Targets entries during high-liquidity sessions, using candle midpoint and wick analysis to capture momentum-driven moves.
Trend Context: EMA ensures signals align with the market’s direction, reducing false positives.
Price Action: Both systems rely on raw price behavior, avoiding lagging oscillators for timely signals.
Limitations
BOS may lag in fast markets; reduce confirmation bars for scalping.
Sniper signals depend on session settings; ensure alignment with your asset’s volatility.
Multiple lines may clutter charts; adjust colors/styles for clarity.
Not a standalone system; combine with other analysis for best results.
Disclaimer
ENIGMA 369 is a tool to identify potential trading setups, not a guaranteed profit system. Past performance does not predict future results. Backtest thoroughly and use with proper risk management.
Conclusion
ENIGMA 369 offers a structured approach to trading by combining BOS’s structural insights with Sniper’s precise, session-based entries. Its unique integration makes it suitable for traders seeking to align strategic and tactical decisions. Customize it to your style, test it rigorously, and use it to enhance your market analysis.
