VWAP Breakout Strategy + EMAs + Clean Cycle/TP/SL PlotsHere’s a quick user-guide to get you up and running with your “VWAP Breakout Strategy + EMAs + Clean Cycle/TP/SL Plots” script in TradingView:
⸻
1. Installing the Script
1. Open TradingView, go to Pine Editor (bottom panel).
2. Paste in your full Pine-v6 code and hit Add to chart.
3. Save it (“Save as…”): give it a memorable name (e.g. “VWAP Breakout+EMAs”).
⸻
2. Configuring Your Inputs
Once it’s on the chart, click the ⚙️ Settings icon to tune:
Setting Default What it does
ATR Length 14 Period for average true range (volatility measure)
ATR Multiplier for Stop 1.5 How many ATRs away your stop-loss sits
TP1 / TP2 Multipliers (ATR) 1.0 / 2.0 Distance of TP1 and TP2 in ATR multiples
Show VWAP / EMAs On Toggles the blue VWAP line & EMAs (100/34/5)
Full Cycle Range Points 200 Height of the shaded “cycle zone”
Pivot Lookback 5 How many bars back to detect a pivot low
Round Number Step 500 Spacing of your dotted horizontal lines
Show TP/SL Labels On Toggles all the “ENTRY”, “TP1”, “TP2”, “STOP” tags
Feel free to adjust ATR multipliers and cycle-zone size based on the instrument’s typical range.
⸻
3. Reading the Signals
• Long Entry:
• Trigger: price crosses above VWAP
• You’ll see a green “Buy” tag at the low of the signal bar, plus an “ENTRY (Long)” label at the close.
• Stop is plotted as a red dashed line below (ATR × 1.5), and TP1/TP2 as teal and purple lines above.
• Short Entry:
• Trigger: price crosses below VWAP
• A red “Sell” tag appears at the high, with “ENTRY (Short)” at the close.
• Stop is the green line above; TP1/TP2 are dashed teal/purple lines below.
⸻
4. Full Cycle Zone
Whenever a new pivot low is detected (using your Pivot Lookback), the script deletes the old box and draws a shaded yellow rectangle from that low up by “Full Cycle Range Points.”
• Use this to visualize the “maximum expected swing” from your pivot.
• You can quickly see whether price is still traveling within a normal cycle or has overstretched.
⸻
5. Round-Number Levels
With Show Round Number Levels enabled, you’ll always get horizontal dotted lines at the nearest multiples of your “Round Number Step” (e.g. every 500 points).
• These often act as psychological support/resistance.
• Handy to see confluence with VWAP or cycle-zone edges.
⸻
6. Tips & Best-Practices
• Timeframes: Apply on any intraday chart (5 min, 15 min, H1…), but match your ATR length & cycle-points to the timeframe’s typical range.
• Backtest first: Use the Strategy Tester tab to review performance, tweak ATR multipliers or cycle size, then optimize.
• Combine with context: Don’t trade VWAP breakouts blindly—look for confluence (e.g. support/resistance zones, higher-timeframe trend).
• Label clutter: If too many labels build up, you can toggle Show TP/SL Labels off and rely just on the lines.
⸻
That’s it! Once you’ve added it to your chart and dialed in the inputs, your entries, exits, cycle ranges, and key levels will all be plotted automatically. Feel free to experiment with the ATR multipliers and cycle-zone size until it fits your instrument’s personality. Happy trading!
在腳本中搜尋"key levels"
Prev Day High/Low - RTH OnlyThis indicator displays the previous day’s Regular Trading Hours (RTH) high and low levels on your chart, but only during the next day’s RTH session — keeping your charts clean while highlighting the most relevant price zones.
🔧 Features:
RTH Timing: 09:30 to 16:00 (New York time)
Auto-Detection: Automatically tracks the high and low of each RTH session
Next-Day Visibility: Lines are only shown during the following day’s RTH session
Minimal Chart Clutter: Levels disappear after the session ends, keeping focus on what's relevant
Clear Labels: Optional “Prev High” and “Prev Low” markers at market open
📊 Use Case:
Perfect for intraday and 0DTE options traders who rely on prior session key levels for:
Breakout trades
Reversal setups
Support/resistance confluence
These levels are often respected by institutions and algo flows, making them highly actionable when approached in the next RTH session.
🧠 Why This Matters:
Many traders overpopulate their charts with persistent support/resistance lines. This script keeps only what’s essential — the previous day’s RTH range — and only when it matters most: the following day’s active market hours.
KingJakesFx CRTThis TradingView indicator is a comprehensive tool that identifies and marks significant high and low points of Candle Range Type (CRT) candles. Its standout feature is the ability to visualize these key levels across multiple timeframes, allowing traders to maintain awareness of important price zones even when analyzing shorter timeframes.
The indicator extends high and low lines into the future, creating dynamic support and resistance levels that help anticipate potential price reactions. With extensive customization options, users can tailor the visual appearance of lines, labels, and alerts to match their trading setup and preferences.
Perfect for traders who analyze multiple timeframes and want to maintain awareness of significant price levels, this indicator combines powerful technical analysis with flexible visual customization to enhance any trading strategy.
Supertrend X2 + CalcSize Calculator:
Size Calculator is a risk management tool that helps traders position themselves intelligently by calculating optimal position size, stop loss, and take profit levels based on account capital, ATR volatility, and personal risk tolerance. It takes the guesswork out of sizing so you can focus on execution.
Features:
✅ Risk-based position sizing
✅ ATR-based stop loss & take profit levels
✅ Dynamic leverage estimation
✅ Support for long and short positions
✅ Visual display of key levels and metrics via table
✅ Works across any timeframe with locked timeframe support
How It Works:
This tool computes the ideal position size as a % of account capital based on how much you're willing to risk per trade and how far your stop loss is (in ATR units). It calculates corresponding stop loss and take profit prices, and visually plots them along with a floating table of metrics. You can lock the timeframe used for ATR and price, keeping your risk logic stable even when changing chart views.
Customizable Inputs:
Account capital and risk tolerance
ATR-based stop loss & take profit multiples
Trade direction (Long or Short)
ATR period and locked timeframe
Optional detailed metrics display
Dual SuperTrend:
The Dual Supertrend indicator enhances the classic Supertrend strategy by layering two customizable Supertrend signals with independent ATR settings. This setup gives you a deeper, more nuanced read on trend strength and potential entry zones.
Features:
✅ Two Supertrend lines (each with adjustable ATR periods and multipliers)
✅ Optional Heikin Ashi candle smoothing for noise reduction
✅ Color-coded trend background for fast visual analysis
✅ Multi-timeframe trend table overlay (customizable)
✅ Built-in signal logic to identify "Long", "Short", or "N/A" zones
✅ Built-in alerts from Long and Short Entry Zones
How It Works:
The script calculates two Supertrend levels using separate ATR settings. Trend direction is derived from the relationship between price and each band. When the larger (slower) Supertrend flips and the smaller (faster) confirms, it signals a potential entry. The multi-timeframe table helps you align trades across different timeframes.
Customizable Inputs:
ATR Periods & Multipliers for both Supertrends
Timeframes for entry zone detection (up to 4)
Enable/disable Heikin Ashi candles for smoother trend detection
[blackcat] L3 Projected Magic-9 SequenceOVERVIEW
The L3 Projected Magic-9 Sequence indicator is a sophisticated tool designed to help traders identify potential trend reversals through a unique sequence of price movements. By calculating projected highs and lows based on previous bar conditions, this script provides valuable insights into possible future market directions. It plots these key levels on the chart and highlights specific sequential patterns that often precede significant reversals, offering traders a visual advantage in their decision-making process 📈💡.
FEATURES
Projections: Calculates and plots projected highs and lows based on intricate conditions derived from previous bars' open, close, high, and low prices. These projections serve as dynamic support and resistance levels, helping traders anticipate potential turning points in the market 📊.
Sequential Patterns:
Identifies various sequential patterns known as "Magic" sequences, such as Magic-9 and Magic-13.
Labels these sequences directly on the chart for easy identification: 5, 6, 7, 8, 9, 12, 13 for both bullish and bearish trends.
Provides additional labels when these sequences align with projected highs or lows, enhancing the reliability of the signal 🏷️.
Differentiates between trend and sideways phases using the Magic-9 Project Range. Traditional sequences generating buy and sell signals of 9 and 13 during sideways swings are displayed indistinguishably from other numbers. However, the 9 and 13 generated by breakouts are highlighted with red and green labels for better visibility 🚦.
Project Range Adjustment:
The Project Range is automatically adjusted by Multiple Time Frame (MTF).
A higher cycle is selected as the baseline of the Project Range based on the current operating cycle, ensuring adaptability to varying market conditions ⏳.
Customization:
Offers customizable colors for plotted lines and labels, allowing users to tailor the appearance to their preferences 🎨.
Adjustable settings for lookback periods and other parameters to fine-tune the indicator according to individual trading styles.
Automatic Timeframe Selection:
Automatically selects the most suitable timeframe for data fetching, ensuring optimal performance across different chart intervals ⏳.
Ensures compatibility with various trading strategies, whether short-term intraday or long-term positional trading.
HOW TO USE
Adding the Indicator:
Open your TradingView platform and navigate to the chart where you want to apply the indicator.
Click on the "Indicators" button at the top of the screen and search for L3 Projected Magic-9 Sequence.
Select the indicator from the list and add it to your chart.
Understanding Projections:
Once added, observe the plotted projected highs and lows on your chart.
These lines represent anticipated support and resistance levels based on complex calculations involving previous bar data.
Identifying Sequential Patterns:
Look for labels such as 5, 6, 7, 8, 9, 12, and 13 appearing on the chart.
These labels signify specific sequential patterns that often precede market reversals.
Pay special attention to labels that include arrows (e.g., 9▼, 13▲), indicating alignment with projected highs or lows.
Note the differentiation between trend and sideways phases:
During sideways swings, traditional sequences generating buy and sell signals of 9 and 13 are displayed indistinguishably from other numbers.
Breakout-generated 9 and 13 are highlighted with red and green labels for clear identification.
Combining with Other Tools:
While the L3 Projected Magic-9 Sequence offers powerful insights, it is essential to combine its signals with other technical analysis tools.
Use moving averages, volume indicators, or candlestick patterns to confirm the validity of the identified sequences before executing trades.
LIMITATIONS
Market Conditions: The indicator performs best in trending markets but may generate false signals during periods of consolidation or range-bound movement 🌐.
Complexity: Due to its reliance on specific sequential patterns, some traders might find the concept challenging to grasp initially. Thorough testing and understanding are crucial before deploying it in live trading environments.
Data Dependency: Accurate projections depend on having sufficient historical data. Insufficient data may lead to less reliable results.
NOTES
Backtesting: Before implementing the indicator in real-time trading, conduct extensive backtesting to evaluate its effectiveness under various market conditions.
Risk Management: Always adhere to proper risk management principles, even when relying on robust indicators like this one. Set stop-loss orders and position sizes accordingly to protect your capital 🛡️.
Continuous Learning: Stay updated with the latest developments and adjustments made to the indicator by following community discussions and official updates from the author.
Auto Levels Test RHAuto Levels Test RH is an indicator that automatically draws support and resistance levels based on local extremes and the ZigZag pattern. It helps traders identify key levels for entering and exiting trades. The indicator analyzes the last 100 bars and determines significant price zones.
Toby's Key LevelsAn Indicator that helps determine Key Areas on the chart. You set the values you want the horizontal lines to update. They horizontal lines will be used for exits and entries of trade. My recommendation for these Key Areas are as follows ( These recommendations are mostly for day trading and swing trading ):
XAU: Value distance of 50 ex. XAUUSD.
NAS: Value distance of 250 ex. NAS100/USTEC.
ETH: Value distance of 100 ex. ETHUSD.
AUD pairs: Value distance of 0.0200 ex. GBPAUD, EURAUD.
CAD pairs: Value distance of 0.0100 ex. NZDCAD, EURCAD.
CHF pairs: Value distance of 0.0100 ex. CADCHF, GBPCHF.
GBP pairs: Value distance of 0.00350 ex. EURGBP.
JPY pairs: Value distance of 2.00 ex. EURJPY, GBPJPY.
NZD pairs: Value distance of 0.015 ex. GBPNZD, AUDNZD.
Note:
These are subject to change and you can alter the lines anyhow you want to suit your trading style. These are what I recommend. Remember, Market is King.
Safe Trading!
Trend with ADX/EMA - Buy & Sell SignalsThis script is designed to help traders make buy and sell decisions based on trend analysis using two key methods: ADX (Average Directional Index) and EMA (Exponential Moving Averages). Here's a breakdown in simple terms:
What Does It Do?
Identifies the Trend's Strength and Direction:
Uses the ADX indicator to determine how strong the trend is.
Compares two lines (DI+ and DI−) to identify whether the trend is moving up or down.
Generates Buy and Sell Signals:
Uses two EMAs (a fast one and a slow one) to check when the price crosses key levels, signaling a possible buy or sell opportunity.
Plots visual indicators (arrows and labels) for easy interpretation.
Color-Codes the Chart:
Highlights the background in green when the trend is bullish (uptrend).
Highlights the background in red when the trend is bearish (downtrend).
Alerts the User:
Creates alerts when specific conditions for buying or selling are met.
Key Components:
1. ADX (Trend Strength & Direction)
What is ADX?
ADX measures how strong the trend is (not the direction). Higher ADX means a stronger trend.
It also calculates two lines:
DI+: Measures upward movement strength.
DI−: Measures downward movement strength.
How It Works in the Script:
If DI+ is greater than DI−, it’s a bullish trend (upward).
If DI− is greater than DI+, it’s a bearish trend (downward).
The background turns green for an uptrend and red for a downtrend.
2. EMA (Buy and Sell Decisions)
What is EMA?
EMA is a moving average that gives more weight to recent prices. It’s used to smooth out price fluctuations.
How It Works in the Script:
The script calculates two EMAs:
Fast EMA (short-term average): Reacts quickly to price changes.
Slow EMA (long-term average): Reacts slower and shows overall trends.
When the Fast EMA crosses above the Slow EMA, it’s a signal to Buy.
When the Fast EMA crosses below the Slow EMA, it’s a signal to Sell.
These signals are marked on the chart as "Buy" and "Sell" labels.
3. Buy and Sell Alerts
The script sets up alerts for the user:
Buy Alert: When a crossover indicates a bullish signal.
Sell Alert: When a crossunder indicates a bearish signal.
Visual Elements on the Chart:
Background Colors:
Green: When the DI+ line indicates an uptrend.
Red: When the DI− line indicates a downtrend.
EMA Lines:
Green Line: Fast EMA.
Red Line: Slow EMA.
Buy/Sell Labels:
"Buy" label: Shown when the Fast EMA crosses above the Slow EMA.
"Sell" label: Shown when the Fast EMA crosses below the Slow EMA.
Why Use This Script?
Trend Analysis: Helps you quickly identify the strength and direction of the market trend.
Buy/Sell Signals: Gives clear signals to enter or exit trades based on trend and EMA crossovers.
Custom Alerts: Ensures you never miss a trading opportunity by notifying you when conditions are met.
Visual Simplicity: Makes it easy to interpret trading signals with color-coded backgrounds and labeled arrows.
Larry Williams: Market StructureLarry Williams' Three-Bar System of Highs and Lows: A Definition of Market Structure
Larry Williams developed a method of market structure analysis based on identifying local extrema using a sequence of three consecutive bars. This approach helps traders pinpoint significant turning points on the price chart.
Definition of Local Extrema:
Local High:
Consists of three bars where the middle bar has the highest high, while the lows of the bars on either side are lower than the low of the middle bar.
Local Low:
Consists of three bars where the middle bar has the lowest low, while the highs of the bars on either side are higher than the high of the middle bar.
This structure helps identify meaningful reversal points on the price chart.
Constructing the Zigzag Line:
Once the local highs and lows are determined, they are connected with lines to create a zigzag pattern.
This zigzag reflects the major price swings, filtering out minor fluctuations and market noise.
Medium-Term Market Structure:
By analyzing the sequence of local extrema, it is possible to determine the medium-term market trend:
Upward Structure: A sequence of higher highs and higher lows.
Downward Structure: A sequence of lower highs and lower lows.
Sideways Structure (Flat): Lack of a clear trend, where highs and lows remain approximately at the same level.
This method allows traders and analysts to better understand the current market phase and make informed trading decisions.
Built-in Indicator Feature:
The indicator includes a built-in functionality to display Intermediate Term Highs and Lows , which are defined by filtering short-term highs and lows as described in Larry Williams' methodology. This feature is enabled by default, ensuring traders can immediately visualize key levels for support, resistance, and trend assessment.
Quote from Larry Williams' Work on Intermediate Term Highs and Lows:
"Now, the most interesting part! Look, if we can identify a short-term high by defining it as a day with lower highs (excluding inside days) on both sides, we can take a giant leap forward and define an intermediate term high as any short-term high with lower short-term highs on both sides. But that’s not all, because we can take it even further and say that any intermediate term high with lower intermediate term highs on both sides—you see where I’m going—forms a long-term high.
For many years, I made a very good living simply by identifying these points as buy and sell signals. These points are the only valid support and resistance levels I’ve ever found. They are crucial, and the breach of these price levels provides important information about trend development and changes. Therefore, I use them for placing stop loss protection and entry methods into the market."
— Larry Williams
This insightful quote highlights the practical importance of identifying market highs and lows at different timeframes and underscores their role in effective trading strategies.
Adaptive Fibonacci Trend Ribbon[FibonacciFlux]Adaptive Fibonacci Trend Ribbon (FibonacciFlux)
Overview
The Adaptive Fibonacci Trend Ribbon is a versatile technical analysis tool designed for traders who want to leverage the power of multiple moving averages while integrating Fibonacci numbers. This indicator provides a dynamic visual representation of market trends, enhancing decision-making processes in trading.
Key Features
1. Multi-Moving Averages
- The indicator calculates eight different moving averages based on user-defined periods, including Fibonacci numbers such as 5, 8, 13, 21, 34, 55, 89, and 144.
- Traders can choose from various moving average types, including EMA, HMA, WMA, VWMA, ALMA, SMA, RMA, and TMA , allowing for tailored analysis based on market conditions.
2. Trend Detection
- Each moving average is color-coded based on its trend direction, with green indicating an upward trend and red indicating a downward trend.
- This visual clarity helps traders quickly assess market sentiment and make informed decisions.
3. Fill Areas for Enhanced Insight
- The indicator features fill areas between the moving averages, which dynamically change color according to their relative positions.
- This provides a clear visual cue of trend strength and potential reversal points, allowing traders to identify key areas of interest.
4. Customizable Inputs
- Users can easily adjust the source data, moving average lengths, and ALMA parameters (offset and sigma) to fit their trading strategies.
- This flexibility ensures that traders can adapt the tool to various market conditions and personal preferences.
Insights and Applications
1. Fibonacci Integration
- By incorporating Fibonacci numbers into the moving average periods, this indicator allows traders to align their strategies with key levels of support and resistance.
- This can enhance the accuracy of entry and exit points, particularly in trending markets.
2. Trend Continuation and Reversal Analysis
- The adaptive nature of the moving averages provides insights into potential trend continuations or reversals.
- Traders can use the indicator to identify when to enter or exit positions based on the interaction between the moving averages.
3. Visual Clarity for Quick Decisions
- The color-coded moving averages and fill areas offer immediate visual feedback on market conditions, helping traders react swiftly to changing dynamics.
- This is especially useful in fast-moving markets where timely decisions are critical.
Conclusion
The Adaptive Fibonacci Trend Ribbon is an essential tool for traders looking to enhance their technical analysis capabilities. By combining multiple moving averages with Fibonacci integration and dynamic visual cues, this indicator offers a robust framework for understanding market trends. Its flexibility and clarity make it an invaluable asset for both novice and experienced traders alike.
Open Source Contribution
This indicator is open source, inviting contributions and improvements from the trading community. Feel free to fork, enhance, and share your insights with the world, helping to foster a collaborative environment for traders everywhere.
ATR Range Pivot LinesDescription:
This Pine Script calculates and plots pivot lines based on ATR (Average True Range) value and closing price. It uses the previous trading day's ATR value to set static pivot levels for the current trading day. These pivot lines help traders identify potential support and resistance levels based on historical volatility. The script includes two main pivot lines—ATR High and ATR Low —and two midpoint lines between them for additional context. Labels are added to show the exact pivot values, with options to customize label positions.
Intended Use:
The script is designed to help traders forecast potential price ranges for the current trading day based on the previous day’s volatility. By adding and subtracting the previous day's ATR from the prior close, the script identifies key levels where price action may encounter support or resistance. It is useful for setting realistic price targets or entry/exit points. Since the ATR-based pivot lines are static for the entire day, they provide a reliable range for intraday trading strategies.
Disclosure:
This script was generated using AI. It is recommended to review and test the script thoroughly before applying it in live trading scenarios.
E9 Shark-32 Pattern Strategy The E9 Shark-32 Pattern is a powerful trading tool designed to capitalize on the Shark-32 pattern—a specific Candlestick pattern.
The Shark-32 Pattern: What Is It?
The Shark-32 pattern is a technical formation that occurs when the following conditions are met:
Higher Highs and Lower Lows: The low of two bars ago is lower than the previous bar, and the previous bar's low is lower than the current bar. At the same time, the high of two bars ago is higher than the previous bar, and the previous bar’s high is higher than the current bar.
This unique setup forms the "Shark-32" pattern, which signals potential volume squeezes and trend changes in the market.
How Does the Strategy Work?
The E9 Shark-32 Pattern Strategy builds upon this pattern by defining clear entry and exit rules based on the pattern's confirmation. Here's a breakdown of how the strategy operates:
1. Identifying the Shark-32 Pattern
When the Shark-32 pattern is confirmed, the strategy "locks" the high and low prices from the initial bar of the pattern. These locked prices serve as key levels for future trade entries and exits.
2. Entry Conditions
The strategy waits for the price to cross the pattern's locked high or low, signaling potential market direction.
Long Entry: A long trade is triggered when the closing price crosses above the locked pattern high (green line).
Short Entry: A short trade is triggered when the closing price crosses below the locked pattern low (red line).
The strategy ensures that only one trade is taken for each Shark-32 pattern, preventing overtrading and allowing traders to focus on high-probability setups.
3. Stop Loss and Take Profit Levels
The strategy has built-in risk management through stop-loss and take-profit levels, which are visually represented by the lines on the chart:
Stop Loss:
Stop loss can be adjusted in settings.
Take Profit:
For long trades: The take-profit target is set at the upper white dotted line, which is projected above the pattern high.
For short trades: The take-profit target is set at the lower white dotted line, which is projected below the pattern low.
These clearly defined levels help traders to manage risk effectively while maximizing potential returns.
4. Visual Cues
To make trading decisions even easier, the strategy provides helpful visual cues:
Green Line (Pattern High): This line represents the high of the Shark-32 pattern and serves as a resistance level and short entry signal.
Red Line (Pattern Low): This line represents the low of the Shark-32 pattern and serves as a support level and long entry signal.
White Dotted Lines: These lines represent potential profit targets, projected both above and below the pattern. They help traders define where the market might go next.
Additionally, the strategy highlights the pattern formation with color-coded bars and background shading to draw attention to the Shark-32 pattern when it is confirmed. This adds a layer of visual confirmation, making it easier to spot opportunities in real-time.
5. No Repeated Trades
An important aspect of the strategy is that once a trade is taken (either long or short), no additional trades are executed until a new Shark-32 pattern is identified. This ensures that only valid and confirmed setups are acted upon.
Median Kijun-Sen [InvestorUnknown]The Median Kijun-Sen is a versatile technical indicator designed for both trend-following strategies and long-term market valuation. It incorporates various display modes and includes a backtest mode to simulate its performance on historical price action.
Key Features:
1. Trend-Following and Long-Term Valuation:
The indicator is ideal for trend-following strategies, helping traders identify entry and exit points based on the relationship between price and the Kijun-Sen calculated from median price (customizable price source).
With longer-term settings, it can also serve as a valuation tool (in oscillator display mode), assisting in identifying potential overbought or oversold conditions over extended timeframes.
2. Display Modes:
The indicator can be displayed in three main modes, each serving a different purpose:
Overlay Mode : Plots the Median Kijun-Sen directly over the price chart, useful for visualizing trends relative to price action.
Oscillator Mode : Displays the oscillator that compares the current price to the Median Kijun-Sen, providing a clearer signal of trend strength and direction
Backtest Mode : Simulates the performance of the indicator with different settings on historical data, offering traders a way to evaluate its reliability and effectiveness without needing TradingView's built-in strategy tool
3. Backtest Functionality:
The inbuilt backtest mode enables users to evaluate the indicator's performance across historical data by simulating long and short trades. Users can customize the start and end dates for the backtest, as well as specify whether to allow long & short, long only, or short only signals.
This backtest functionality mimics TradingView's strategy feature, allowing users to test the effectiveness of their chosen settings before applying them to live markets.
equity(series int sig, series float r, startDate, string signals, bool endDate_bool) =>
if time >= startDate and endDate_bool
float a = 0
if signals == "Long & Short"
if sig > 0
a := r
else
a := -r
else if signals == "Long Only"
if sig > 0
a := r
else if signals == "Short Only"
if sig < 0
a := -r
else
runtime.error("No Signal Type found")
var float e = na
if na(e )
e := 1
else
e := e * (1 + a)
float r = 0.0
bool endDate_bool = use_endDate ? (time <= endDate ? true : false) : true
float eq = 1.0
if disp_mode == "Backtest Mode"
r := (close - close ) / close
eq := equity(sig, r, startDate, signals, endDate_bool)
4. Hint Table for Pane Suggestions:
An inbuilt hint table guides users on how to best visualize the indicator in different display modes:
For Overlay Mode, it is recommended to use the same pane as the price action.
For Oscillator and Backtest Modes, it is advised to plot them in a separate pane for better clarity.
This table also provides step-by-step instructions on how to move the indicator to a different pane and adjust scaling, making it user-friendly.
Potential Weakness
One of the key drawbacks is the indicator’s tendency to produce false signals during price consolidations, where price action lacks clear direction and may trigger unnecessary trades. This is particularly noticeable in markets with low volatility.
Alerts
The indicator includes alert conditions for when it crosses above or below key levels, enabling traders to receive notifications of LONG or SHORT signals.
Summary
The Median Kijun-Sen is a highly adaptable tool that serves multiple purposes, from trend-following to long-term valuation. With its customizable settings, backtest functionality, and built-in hints, it provides traders with valuable insights into market trends while allowing them to optimize the indicator to their specific strategy.
This versatility, however, comes with the potential weakness of false signals during consolidation phases, so it's most effective in trending markets.
Yesterday's Levels with 50% wick and Equilibrium## Script Description
This Pine Script indicator highlights key levels from the previous day’s daily candle on any timeframe chart. It focuses exclusively on marking the following:
1. **Previous Day’s High, Low, Open, and Close**:
- Horizontal lines are drawn to indicate the previous day's high, low, open, and close prices.
- These lines are white and extend across the chart.
2. **50% of Candle Wicks**:
- If the previous day’s candle has wicks, two additional lines mark 50% of the top wick and 50% of the bottom wick.
- These lines are green and dotted, representing half the wick’s height.
3. **Equilibrium (50% of the Full Candle)**:
- A horizontal red line marks the midpoint (equilibrium) of the entire previous day’s candle, from high to low.
- This line is thicker than the others to emphasize the equilibrium level.
The script works by focusing only on the previous day’s daily candle, ensuring that it doesn’t plot lines for any older candles. These levels are visible on all timeframes.
Magic Linear Regression Channel [MW]Introduction
The Magic Linear Regression Channel indicator provides users with a way to quickly include a linear regression channel ANYWHERE on their chart, in order to find channel breakouts and bounces within any time period. It uses a novel method that allows users to adjust the start and end period of the regression channel in order to quickly make adjustments faster, with fewer steps, and with more precision than with any other linear regression channel tool. It includes Fibonacci bands AND a horizontal mode in order for users to quickly define significant price levels based on the high, low, open, and close prices defined by the start period.
Settings
Start Time: This is initially MANUALLY SELECTED ON THE CHART when the indicator is first loaded.
End time: This is also initially MANUALLY SELECTED ON THE CHART when the indicator is first loaded.
Horizontal Line: This forces the baseline to be horizontal. The band distance is defined by the maximum price distance from the band.
Horizontal Line Type: This snaps the horizontal line to the close, high, low, or open price. Or, it can also use a regression calculation for the selected time period to define the y-position of the line.
Extend Line N Bars: How many bars to the left in which to extend the baseline and bands.
Show Baseline ONLY!!: Removes all lines except the baseline and it’s extension.
Add Half Band: Includes a band that is half the distance between the baseline and the top and bottom bands
Add Outer Fibonacci Band: Includes a band that is 1.618 (phi) times the default band distance
Add Inner Fibonacci Band - Upper: Includes a band that is 0.618 (1/phi) times the default band distance
Add Inner Fibonacci Band - Lower: Includes a band that is 0.382 (1 - 1/phi) times the default band distance
Calculations
This indicator uses the least squares approach for generating a straight regression line, which can be reviewed at Wikipedia’s “Simple Linear Regression” page. It sums all of the x-values, and y-values, as well as the sum of the product of corresponding x and y values, and the sum of the squares of the x-values. These values are used to calculate the slope and intercept using the following equations:
slope = (n * sum_xy - sum_x * sum_y) / (n * sum_xx - sum_x * sum_x)
And
intercept = (sum_y - slope * sum_x) / n
The slope and intercept are then used to generate the baseline and the corresponding bands using the user-selected offsets.
How to Use
When the Magic Linear Regression Channel indicator is first added to the chart, there will be a blue prompt behind the “Indicators, Metrics & Strategies” window. Close the window, then select a START POINT by clicking at a desired location on the chart. Next, you will be prompted to select an END POINT. The end point MUST be placed after the START POINT. At this time a channel will be generated. Once you’ve selected the START POINT and END POINT, you can adjust them by dragging them anywhere on the chart. Each adjustment will generate a new channel making it easier for you to quickly visualize and recognize any channel exits and bounces.
The Magic Linear Regression Channel indicator works great at identifying wave patterns. Place the start line at a top or bottom pivot point. Place the end line at the next respective top or bottom pivot. This will give you a complete wave form to work with. When price reaches a band and rejects, it can be a strong indication that price may move back to one of the bands in the channel. If price exits the channel with volume that supports the exit, it may be an indication of a breakout.
You can also use the horizontal mode to identify key levels, then add Fibonacci bands based on regression calculations for the given time period to provide more meaningful areas of support and resistance.
Other Usage Notes and Limitations
Occasionally, off-by-1 errors appear which makes the extended lines protrude at a slightly incorrect angle. This is a known bug and will be addressed in the next release.
It's important for traders to be aware of the limitations of any indicator and to use them as part of a broader, well-rounded trading strategy that includes risk management, fundamental analysis, and other tools that can help with reducing false signals, determining trend direction, and providing additional confirmation for a trade decision. Diversifying strategies and not relying solely on one type of indicator or analysis can help mitigate some of these risks.
ThePawnAlgoThe Pawn Algo is a simple indicator that is useful for scalping in sync with a higher timeframe should only be use in clear trending markets.
What it does and How it does it?
The script is based of a simple pattern close above previous candle high means higher prices we can see it in a green bar. Close below previous candle low means lower prices we can see it in a red bar. Close inside previous candle range means price is going to consolidate do some kind of retracement or reversal we mark it in a black or dark color bar.
It plot an arrow and a liquidity level when it detects a change in sentiment from bullish to bearish or bearish to bullish.
It plot the Higher timeframe previous completed candle range into the selected Lower timeframe to easily see the HTF levels into the lower timeframe.
The HTF range change colors depending of previous HTF candles closes following the same idea, close above previous candle high means green range, close below previous candle low means red range and close inside means a gray range. Finally it plots the 50% of the HTF range and the previous close high and low.
Finally it draws a yellow value zone that is the difference between the previous candle close and 50% of the previous range. This zone is ideal for taking continuation trades in favor of the HTF trend.
How to use it?
You must first select a higher timeframe in minutes in the settings default value is 1440minutes then select a lower timeframe is the maximum timeframe in where the HTF will be visible. Default lower timeframe is 15minutes.
Then just wait for the HTF candle to close and engage in the LTF when price is around the value yellow zone in a premium or discount.
Green arrows are automatically plot when HTF is bullish and Red arrows when is bearish by default. But you can enable or disable the arrow signals liquidity levels or configure as you want. Making all signals visible or just the buys or sells.
The script is useful to easily identify the HTF draw on liquidity and recent key levels and then use the LTF structure to enter.
The indicator can be used to identify liquidity, price will seek this liquidity point sometimes sweep and then continue the move. if the liquidity or stop level is broken with a body is a clear change of direction.
PhiSmoother Moving Average Ribbon [ChartPrime]DSP FILTRATION PRIMER:
DSP (Digital Signal Processing) filtration plays a critical role with financial indication analysis, involving the application of digital filters to extract actionable insights from data. Its primary trading purpose is to distinguish and isolate relevant signals separate from market noise, allowing traders to enhance focus on underlying trends and patterns. By smoothing out price data, DSP filters aid with trend detection, facilitating the formulation of more effective trading techniques.
Additionally, DSP filtration can play an impactful role with detecting support and resistance levels within financial movements. By filtering out noise and emphasizing significant price movements, identifying key levels for entry and exit points become more apparent. Furthermore, DSP methods are instrumental in measuring market volatility, enabling traders to assess volatility levels with improved accuracy.
In summary, DSP filtration techniques are versatile tools for traders and analysts, enhancing decision-making processes in financial markets. By mitigating noise and highlighting relevant signals, DSP filtration improves the overall quality of trading analysis, ultimately leading to better conclusions for market participants.
APPLYING FIR FILTERS:
FIR (Finite Impulse Response) filters are indispensable tools in the realm of financial analysis, particularly for trend identification and characterization within market data. These filters effectively smooth out price fluctuations and noise, enabling traders to discern underlying trends with greater fidelity. By applying FIR filters to price data, robust trading strategies can be developed with grounded trend-following principles, enhancing their ability to capitalize on market movements.
Moreover, FIR filter applications extend into wide-ranging utility within various fields, one being vital for informed decision-making in analysis. These filters help identify critical price levels where assets may tend to stall or reverse direction, providing traders with valuable insights to aid with identification of optimal entry and exit points within their indicator arsenal. FIRs are undoubtedly a cornerstone to modern trading innovation.
Additionally, FIR filters aid in volatility measurement and analysis, allowing traders to gauge market volatility accurately and adjust their risk management approaches accordingly. By incorporating FIR filters into their analytical arsenal, traders can improve the quality of their decision-making processes and achieve better trading outcomes when contending with highly dynamic market conditions.
INTRODUCTORY DEBUT:
ChartPrime's " PhiSmoother Moving Average Ribbon " indicator aims to mark a significant advancement in technical analysis methodology by removing unwanted fluctuations and disturbances while minimizing phase disturbance and lag. This indicator introduces PhiSmoother, a powerful FIR filter in it's own right comparable to Ehlers' SuperSmoother.
PhiSmoother leverages a custom tailored FIR filter to smooth out price fluctuations by mitigating aliasing noise problematic to identification of underlying trends with accuracy. With adjustable parameters such as phase control, traders can fine-tune the indicator to suit their specific analytical needs, providing a flexible and customizable solution.
Mathemagically, PhiSmoother incorporates various color coding preferences, enabling traders to visualize trends more effectively on a volatile landscape. Whether utilizing progression, chameleon, or binary color schemes, you can more fluidly interpret market dynamics and make informed visual decisions regarding entry and exit points based on color-coded plotting.
The indicator's alert system further enhances its utility by providing notifications of specifically chosen filter crossings. Traders can customize alert modes and messages while ensuring they stay informed about potential opportunities aligned with their trading style.
Overall, the "PhiSmoother Moving Average Ribbon" visually stands out as a revolutionary mechanism for technical analysis, offering traders a comprehensive solution for trend identification, visualization, and alerting within financial markets to achieve advantageous outcomes.
NOTEWORTHY SETTINGS FEATURES:
Price Source Selection - The indicator offers flexibility in choosing the price source for analysis. Traders can select from multiple options.
Phase Control Parameter - One of the notable standout features of this indicator is the phase control parameter. Traders can fine-tune the phase or lag of the indicator to adapt it to different market conditions or timeframes. This feature enables optimization of the indicator's responsiveness to price movements and align it with their specific trading tactics.
Coloring Preferences - Another magical setting is the coloring features, one being "Chameleon Color Magic". Traders can customize the color scheme of the indicator based on their visual preferences or to improve interpretation. The indicator offers options such as progression, chameleon, or binary color schemes, all having versatility to dynamically visualize market trends and patterns. Two colors may be specifically chosen to reduce overlay indicator interference while also contrasting for your visual acuity.
Alert Controls - The indicator provides diverse alert controls to manage alerts for specific market events, depending on their trading preferences.
Alertable Crossings: Receive an alert based on selectable predefined crossovers between moving average neighbors
Customizable Alert Messages: Traders can personalize alert messages with preferred information details
Alert Frequency Control: The frequency of alerts is adjustable for maximum control of timely notifications
Bar Retracement Do you love Fibonacci ratios/levels? Have you ever thought to apply them to individual bars? If you are not familiar with these ratios and their significance, you can read about them here: www.investopedia.com
This simple indicator applies Fibonacci levels on the previous bar. This enables the quick determination of how far the current bar retraced relative to the precious one. Key levels are highlighted in yellow, orange, and red. You can choose to set an alert for "Large Retracements". This can be very useful for ending trades and avoiding full price reversals. There are other insights that can be gleaned as well.
Happy trading...
Zig-Zag Open Interest Footprint [Kioseff Trading]Hello!
This script "Zig Zag Open Interest Footprint" calculates open interest x price values for zig zag trends!
Features
Open interest footprints anchored to zig zag trends
Summed OI x price level footprints
Total OI (for each category) for the entire trend shown
Standard POC lines, in addition to separated POC lines for each category of open interest x price possibility
Up to 9999 profile rows per zigzag trend
Stylistic options for profiles
Configurable zig zag - footprints generated for small to large trends
The zigzag indicator is configurable as normal; minor and major trend volume footprints are calculable. This indicator can be thought of as "Open Interest Footprint for Trends''.
Up to 9999 open interest levels (price levels) can be calculated for each profile, thanks to the new polyline feature, allowing for less aggregation / more precision of open interest at price.
Zig Zag OI Footprints
The image above shows primary functionality!
Green = Higher OI + Higher Price
Yellow = Lower OI + Higher Price
Purple = Higher OI + Lower Price
Red = Lower OI + Lower Price
Profiles are generated for each trend identified by the zigzag indicator.
The image above shows the indicator calculating open interest x price for specific price blocks on the footprint. Aggregate open interest for the identified trend is displayed over the profile!
Neon highlighted values correspond to the highest open interest change for the category. This is a configurable option :D
The image above shows POC lines for each category of open interest x price!
Additionally, you can select to show a single POV for footprint - the single level the greatest amount of OI change occurred.
The indicator is robust enough to calculate on "long zig zags" and "short zig zags"; curved profiles can also be used!
The image above shows key levels, each OI footprint, and summed OI values for the current trend!
That's about it :D
This indicator is part of a series titled "Bull vs. Bear" - a suite of profile-like indicators I will be releasing over the coming days. Thanks for checking this out!
If you have any suggestions please feel free to share!
Zig-Zag Volume Profile (Bull vs. Bear) [Kioseff Trading]Hello!
Thank you @Pinecoders and @TradingView for putting polylines in production and making this viable!!
This script "Zig Zag Volume Profile" implements the polyline feature for Pine Script!
Features
Volume Profile anchored to zig zag trends
Bull vs Bear profiles!
Delta x price level
Standard POC and value area lines, in addition to separated POCs and value area lines for bull profiles and bear profiles
Up to 9999 profile rows per zigzag trend
Stylistic options for profiles
Configurable zig zag - profiles generated for small to large trends
Polylines!
This script generates Bull vs. Bear volume profiles for zig zag trends!
The zigzag indicator is configurable as normal; minor and major trend volume profiles are calculable. This indicator can be thought of as "Volume Profile/Delta for Trends''.
Up to 9999 volume profile levels (price levels) can be calculated for each profile, thanks to the new polyline feature, allowing for less aggregation / more precision of volume at price and volume delta.
Zig Zag Bull Vs Bear Profiles
The image above shows primary functionality!
Green profiles = buying volume
Red profiles = selling volume
Profiles are generated for each trend identified by the zigzag indicator.
The image above shows the indicator calculating volume delta for specific price blocks on the profile. Aggregate volume delta for the identified trend is displayed over the profile!
The image above shows Bull Profile POC lines and value area lines. Bear Profile POC lines and value area lines are also shown!
All colors and transparencies are configurable to the user's liking :D
Additionally, you can select to have the profiles drawn on contrasting sides. Bull Profile on left and Bear Profile on right.
For a more traditional look - you can select to draw the Bull & Bear profiles on the same x-point.
The indicator is robust enough to calculate on "long zig zags" and "short zig zags"; curved profiles can also be used!
The image above exemplifies usage of the indicator!
Bull & Bear volume profiles are calculated for trends on the 30-second timeframe.
The image above shows a more "utilitarian" presentation of the profiles. Once more, line and linefill colors/transparencies are all customizable; the indicator can look however you would like it to!
The image above shows key levels, the Bull vs. Bear profile, and volume delta for the current trend!
That's about it :D
This indicator is part of a series titled "Bull vs. Bear" - a suite of profile-like indicators I will be releasing over coming days. Thanks for checking this out!
Of course, a big thank you to @RicardoSantos for his MathOperator library that I use in every script.
If you have any suggestions please feel free to share!
Sessions by JuezFxLines Plotted at the opening price of London, New York, New York Stock Exchange, and Asia. It could also plot lines of the closing price of the session.
The script is just plotting a line at those levels to give us a visual indicator of those specific levels as they could be very beneficial for your trading. Opening and closing of the session hold the most liquidity, attracting the market towards it.
I hope this script will help you in your trading and you can use those levels along with other confluences in order to identify key levels that the market could react from!
There are some similar scripts but this one have more lines to plot at could be identified by different color and line thickness!
Yearly Open LevelsThis script is a custom indicator for TradingView that shows the yearly open price levels on a chart. It differs from other scripts as it plots a single line for each year, showing the open price for that year, and labels the line with the year and open price. This indicator can be useful for identifying key levels of support and resistance based on the yearly open price.
To use this indicator, you need to add it to your TradingView chart and adjust the input parameters, such as the starting year and color. The script will then automatically plot lines and labels for each year's open price.
This script can be used in any market that has a yearly open price, such as stocks, futures, forex, and cryptocurrencies. However, it may be most useful in markets that tend to have significant year-to-year price movements, as it can help identify important levels of support and resistance. It may also be most effective in markets with a clear yearly cycle, such as those that tend to be influenced by seasonal factors.
QQQ NDX NQ Price Converter [Pt]A must have tool for QQQ NDX NQ traders~!!!
Description
The QQQ NDX NQ Price Converter is a powerful and easy-to-use tool that allows traders to view corresponding price levels for linked instruments in real-time. This includes QQQ, NDX, NQ, and NAS100USD. Although these instruments often move in sync, differences in price movements, volume, and trading hours can create unique key levels and support/resistance areas for each. By mapping these levels on the same chart, traders can more easily spot trading opportunities and improve their chances of success.
Customizable features
- multiplier from the closest whole number price level
- line color
- line style
- label position / size
- # of levels to display
- toggle current price display table
