Support and Resistance Signals MTF [LuxAlgo]The Support and Resistance Signals MTF indicator aims to identify undoubtedly one of the key concepts of technical analysis Support and Resistance Levels and more importantly, the script aims to capture and highlight major price action movements, such as Breakouts , Tests of the Zones , Retests of the Zones , and Rejections .
The script supports Multi-TimeFrame (MTF) functionality allowing users to analyze and observe the Support and Resistance Levels/Zones and their associated Signals from a higher timeframe perspective.
This script is an extended version of our previously published Support-and-Resistance-Levels-with-Breaks script from 2020.
Identification of key support and resistance levels/zones is an essential ingredient to successful technical analysis.
🔶 USAGE
Support and resistance are key concepts that help traders understand, analyze and act on chart patterns in the financial markets. Support describes a price level where a downtrend pauses due to demand for an asset increasing, while resistance refers to a level where an uptrend reverses as a sell-off happens.
The creation of support and resistance levels comes as a result of an initial imbalance of supply/demand, which forms what we know as a swing high or swing low. This script starts its processing using the swing highs/lows. Swing Highs/Lows are levels that many of the market participants use as a historical reference to place their trading orders (buy, sell, stop loss), as a result, those price levels potentially become and serve as key support and resistance levels.
One of the important features of the script is the signals it provides. The script follows the major price movements and highlights them on the chart.
🔹 Breakouts (non-repaint)
A breakout is a price moving outside a defined support or resistance level, the significance of the breakout can be measured by examining the volume. This script is not filtering them based on volume but provides volume information for the bar where the breakout takes place.
🔹 Retests
Retest is a case where the price action breaches a zone and then revisits the level breached.
🔹 Tests
Test is a case where the price action touches the support or resistance zones.
🔹 Rejections
Rejections are pin bar patterns with high trading volume.
Finally, Multi TimeFrame (MTF) functionality allows users to analyze and observe the Support and Resistance Levels/Zones and their associated Signals from a higher timeframe perspective.
🔶 SETTINGS
The script takes into account user-defined parameters to detect and highlight the zones, levels, and signals.
🔹 Support & Resistance Settings
Detection Timeframe: Set the indicator resolution, the users may examine higher timeframe detection on their chart timeframe.
Detection Length: Swing levels detection length
Check Previous Historical S&R Level: enables the script to check the previous historical levels.
🔹 Signals
Breakouts: Toggles the visibility of the Breakouts, enables customization of the color and the size of the visuals
Tests: Toggles the visibility of the Tests, enables customization of the color and the size of the visuals
Retests: Toggles the visibility of the Retests, enables customization of the color and the size of the visuals
Rejections: Toggles the visibility of the Rejections, enables customization of the color and the size of the visuals
🔹 Others
Sentiment Profile: Toggles the visibility of the Sentiment Profiles
Bullish Nodes: Color option for Bullish Nodes
Bearish Nodes: Color option for Bearish Nodes
🔶 RELATED SCRIPTS
Support-and-Resistance-Levels-with-Breaks
Buyside-Sellside-Liquidity
Liquidity-Levels-Voids
在腳本中搜尋"mtf"
Regression Channel Alternative MTF█ OVERVIEW
This indicator displays 3 timeframes of parallel channel using linear regression calculation to assist manual drawing of chart patterns.
This indicator is not true Multi Timeframe (MTF) but considered as Alternative MTF which calculate 100 bars for Primary MTF, can be refer from provided line helper.
The timeframe scenarios are defined based on Position, Swing and Intraday Trader.
█ INSPIRATIONS
These timeframe scenarios are defined based on Harmonic Trading : Volume Three written by Scott M Carney.
By applying channel on each timeframe, MW or ABCD patterns can be easily identified manually.
This can also be applied on other chart patterns.
█ CREDITS
Scott M Carney, Harmonic Trading : Volume Three (Reaction vs. Reversal)
█ TIMEFRAME EXPLAINED
Higher / Distal : The (next) longer or larger comparative timeframe after primary pattern has been identified.
Primary / Clear : Timeframe that possess the clearest pattern structure.
Lower / Proximate : The (next) shorter timeframe after primary pattern has been identified.
Lowest : Check primary timeframe as main reference.
█ EXAMPLE OF USAGE / EXPLAINATION
Pax24 MTF IchimokuPax24 Multiple Time Frames and Adaptative Ichimoku Cloud.
(based on the scripts : MTF Selection Framework by PineCoders and MTF ichimoku by anthonyf50)
Possible display :
- four differents Ichimoku, 1 current and 3 from higher UT (depending on your actual UT)
- Tenkan, Kijun, Chikou and Kumo for all
- labels : offset from line, color if you change style and with/without abbreviation
The 3 upper ichimoku you can display depends of your actual Time Frame :
- M1, M3 => M5 M15 H1
- M5 => M15 H1 H4
- M15, M30, M45 => H1 H4 D
- H1, H2, H3 => H4 D W
- H4, H6, H12 => D W M
- D => W M
- W => M
- M => none other
To add the indicator on your graph, go to "Indicators" then search for "Pax24 MTF Ichimoku" and add the script to your favorites.
-------- CONFIGURATION -------
Base : ichimoku numbers
ichimoku and +1 +2 +3 : Show the first ichimoku (actual UT) and 3 others (higher UT)
for each :
Tenkan : Show the Tenkan
Kijun : Show the Kijun
Chikou : Show the Chikou (Lagging span)
Kumo : Show the Kumo
Label : Show the labels
Offset : Label offset
Color : Label color (because you can't change the style of the label in "Style")
Abbreviation : Label abbreviation (Tk = Tenkan)
If you want to best see others UT kumo, change transparency in style for Kumo
There may be slow display since TradingView requires a minimum of candles to make these calculations. Just zoom out and then zoom in to fix the problem (especially for kumo).
HL avg MTFThis indicator try to find trends more accurate
So first step is to make candle MTF and to find the average of high and low of the MTF candle. I think a ratio of 4/1 is good .
so this seen in the lime /red line
after we take this line and transform it to linear regression type . I use here 50 candle size seen in blue line
if close are above the blue line then we are above the avg of the high and low of the mtf candle .. this indicate a positive trend. if we close is bellow the blue line then it a negative trend and it good time to short it .
also very important is the direction of the blue line as it give us the direction of the trend
Candlestick Plot MTFPlots the live non-repainting candles for a higher time interval than the chart interval.
Features:
Configuration of the look and feel of the MTF candles.
Live candles update as the price action evolves for the session.
Historical candles can be toggled on/off.
Includes a moving average ribbon that is also MTF, matching the interval chosen.
Please watch this video to understand more:
RSI Shaded - MTF
Non-repainting multiple time frame RSI with shading of overbought and oversold levels.
Includes option for simple moving average smooth of the RSI (Larry Connors)
Includes option to plot the EMA of the RSI
Related to RSI Shaded .
For other multiple time frame indicators see:
Adaptive ATR-ADX Trend
Fisher Transform MTF
ADX-DI MTF
Laguerre RSI MTF
[OZ]MTF Ichimoku CloudBased on this script from RicardoSantos:
This script can display Ichimoku cloud , SSA , SSB , Chikou, Kijun and Tenkan from another time frame.
With it you can apply Karen Péloille's MTF Ichimoku Kinko Hyo advanced trading techniques on TradingView.
By default Tenkan is not displayed (fully transparent).
The original script has been enhanced to draw the full cloud beyond the price and to draw the Chikou.
SMA/WMA histogram with MTF and alertsThis histogram is based on the difference between SMA and WMA (I make it as false MACD to create signals)
Since we have the non repainting MTF function we can see the buy and the sell signals at different time frames.
the color of the histo change according to difference so as the color change from dark red to light red be ready to buy and if color change from dark green to light green be ready to sell. The signal based on cross to the 0 .
since you have MTF in build you can change time frame changing int2 to desire min you want
here 60 min MTF on 30 min graph. you can make any variation you want .it flexible model allow you to find the best setting for your purpose
modified DMI with MTF and alertsThis is special indicator based on DMI , I add to time length MTF that is not repainting
you can change the MTF using int2 function
the alerts are based on crossing the 0 (up or down)
I hope you like it
with no MTF
OBV-MTFUsing modified OBV volume equetion and using our modified MTF length (not need to use security so no repaint )
the Buy and Sell reresent in B and S and by the colors of bullish compare to bearish
You change the MTF by changing int2
in this example is set to 240 min MTF over 15 min charts
alerts inside
lsi (study about length and MTF) Here in this example I took lazy bear famous momentum squeeze indicator . the problem that there is lagging in the indicator so the buy and sell will be late . So instead the KC length that the original script had we put
int1=input(30)
int2=input(60)
lengthKC=isintraday and interval >= int1 ? int2/interval * 7 : isintraday and interval < 60 ? 60/interval * 24 * 7 : 7
this allow us to create a time and length related function to indicator and result in better output with no lagging
The second and most important thing is the ability to create indicator with time function as MTF without the security function that create repaint
all you need to do is to change int2 (to the time min of your choice ) and you can create an indicator with MTF function without the security function .And by this hopefully avoid the repainting issue
when you use this indicator change the setting of int1 and int 2 according to time frame that you use
lets say 15 min graph
make the int1 <15 min and the int2 at 15 min. if you want to see it as MTF just increase the int2 to the time set of your choice and play little with int1 to best setting
Apex Edge - MTF Confluence PanelApex Edge – MTF Confluence Panel
Description:
The Apex Edge – MTF Confluence Panel is a powerful multi-timeframe analysis tool built to streamline trade decision-making by aggregating key confluences across three user-defined timeframes. The panel visually presents the state of five core market signals—Trend, Momentum, Sweep, Structure, and Trap—alongside a unified Score column that summarizes directional bias with clarity.
Traders can customize the number of bullish/bearish conditions required to trigger a score signal, allowing the tool to be tailored for both conservative and aggressive trading styles. This script is designed for those who value a clean, structured, and objective approach to identifying market alignment—whether scalping or swing trading.
How it Works:
Across each of the three selected timeframes, the panel evaluates:
Trend: Based on a user-configurable Hull Moving Average (HMA), the script compares price relative to trend to determine bullish, bearish, or neutral bias.
Momentum: Uses OBV (On-Balance Volume) with volume spike detection to identify bursts of strong buying or selling pressure.
Sweep: Detects potential liquidity grabs by identifying price rejections beyond prior swing highs/lows. A break below a previous low with reversal signals bullish intent (and vice versa for bearish).
Structure: Uses dynamic pivot-based logic to identify market structure breaks (BOS) beyond recent confirmed swing levels.
Trap: Flags potential false moves by measuring RSI overbought/oversold signal clusters combined with minimal price movement—highlighting exhaustion or deceptive breaks.
Score: A weighted consensus of the above components. The number of required confluences to trigger a score (default: 3) can be set by the user via input, offering flexibility in signal sensitivity.
Why It’s Useful for Traders:
Quick Decision-Making: The color-coded panel provides instant visual feedback on whether confluences align across timeframes—ideal for fast-paced environments like scalping or high-volatility news sessions.
Multi-Timeframe Confidence: Helps eliminate guesswork by confirming whether higher and lower timeframe conditions support your trade idea.
Customizability: Adjustable confluence threshold means traders can fine-tune how sensitive the system is—more signals for faster entries, stricter confluence for higher conviction trades.
Built-In Alerts: Automated alerts for score alignment, trap detection, and liquidity sweeps allow traders to stay informed even when away from the screen.
Strategic Edge: Supports directional bias confirmation and trade filtering with logic designed to mimic professional decision-making workflows.
Features:
Clean, real-time confluence table across three user-selected timeframes
Configurable score sensitivity via “Minimum Confluences for Score” input
Cell-based colour coding for at-a-glance trade direction
Built-in alerts for score alignment, traps, and sweep triggers
Note - This Indicator works great in sync with Apex Edge - Session Sweep Pro
Useful levels for TP = previous session high/low boxes or fib levels.
⚠️ Disclaimer:
This script is for informational and educational purposes only and should not be considered financial advice. Always perform your own due diligence and practice proper risk management when trading.
DMI Percentile MTF📈 DMI Percentile MTF – Custom Technical Indicator
This indicator is an enhanced version of the classic Directional Movement Index (DMI), converting +DI, -DI, and ADX values into dynamic percentiles ranging from 0% to 100%, making it easier to interpret the strength and direction of a trend.
⚙️ Key Features:
Percentile Normalization: Calculates where current values stand within a historical range (default: 100 bars), providing clearer overbought/oversold context.
+DI (green): Indicates bullish directional strength.
-DI (orange): Indicates bearish directional strength.
ADX (fuchsia): Measures overall trend strength (rising = strong trend, falling = flat market).
20% / 80% reference lines: Help identify weak or strong conditions.
Multi-Timeframe (MTF) Support: Analyze a higher timeframe trend (e.g., daily) while viewing a lower timeframe chart (e.g., 1h).
📊 How to Read It:
+DI > -DI → bullish trend dominance.
-DI > +DI → bearish trend dominance.
ADX rising → strengthening trend (regardless of direction).
ADX falling → sideways or consolidating market.
Values above 80% → historically high / strong conditions.
Values below 20% → historically low / weak conditions or potential breakout setup.
SuperTrend MTF Pro [Cometreon]The SuperTrend MTF Pro takes the classic SuperTrend to a whole new level of customization and accuracy. Unlike the standard version, this indicator allows you to select different moving averages, apply it to various chart types, and fine-tune every key parameter.
If you're looking for an advanced, non-repainting, and highly configurable SuperTrend, this is the right choice for you.
🔷 New Features and Improvements
🟩 Multi-MA SuperTrend
Now you can customize the SuperTrend calculation by choosing from 15 different moving averages:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
WMA (Weighted Moving Average)
RMA (Smoothed Moving Average)
HMA (Hull Moving Average)
JMA (Jurik Moving Average)
DEMA (Double Exponential Moving Average)
TEMA (Triple Exponential Moving Average)
LSMA (Least Squares Moving Average)
VWMA (Volume-Weighted Moving Average)
SMMA (Smoothed Moving Average)
KAMA (Kaufman’s Adaptive Moving Average)
ALMA (Arnaud Legoux Moving Average)
FRAMA (Fractal Adaptive Moving Average)
VIDYA (Variable Index Dynamic Average)
🟩 Multiple Chart Types
You're no longer limited to candlestick charts! Now you can use SuperTrend with different chart formats, including:
Heikin Ashi
Renko
Kagi
Line Break
Point & Figure
🟩 Customizable Timeframe
Now you can adjust the SuperTrend timeframe without repainting issues, avoiding signal distortions.
🔷 Technical Details and Customizable Inputs
SuperTrend offers multiple customization options to fit any trading strategy:
1️⃣ ATR Period – Defines the ATR length, affecting the indicator’s sensitivity.
2️⃣ Source – Selects the price value used for calculations (Close, HL2, Open, etc.).
3️⃣ ATR Mult – Multiplies the ATR to determine band distance. Higher values reduce false signals, lower values make it more reactive.
4️⃣ Change ATR Calculation Method – When enabled, uses the default ATR method; when disabled, allows selecting another Moving Average with "Use Different Type".
5️⃣ Source Break – Defines the price source for trend changes (Close for more stability, High/Low for more reactivity).
6️⃣ Use Different Type – Allows selecting an alternative Moving Average for ATR calculation if "Change ATR Calculation Method" is disabled.
7️⃣ SuperTrend Type – Advanced options for specific MAs (JMA, ALMA, FRAMA, VIDYA), with dedicated parameters like Phase, Sigma, and Offset for optimized responsiveness.
8️⃣ Ticker Settings – Customize parameters for special chart types such as Renko, Heikin Ashi, Kagi, Line Break, and Point & Figure, adjusting reversal, number of lines, and ATR length.
9️⃣ Timeframe – Enables using SuperTrend on a higher timeframe.
🔟 Wait for Timeframe Closes -
✅ Enabled – Prevents multiple signals, useful for precise alerts.
❌ Disabled – Displays SuperTrend smoothly without interruptions.
🔷 How to Use SuperTrend MTF Pro
🔍 Identifying Trends
SuperTrend follows the ongoing trend and provides clear visual signals:
When the price is above the line, the trend is bullish.
When the price is below the line, the trend is bearish.
📈 Interpreting Signals
Line color and position change → Possible trend reversal
Bounce off the line → Potential trend continuation
Strong breakout of the line → Possible reversal
🛠 Integration with Other Tools
RSI or MACD to filter false signals
Moving Averages to confirm trend direction
Support and Resistance to improve entry points
☄️ If you find this indicator useful, leave a Boost to support its development!
Every feedback helps to continuously improve the tool, offering an even more effective trading experience. Share your thoughts in the comments! 🚀🔥
ST -Dashboard Volume MTF , [Sese04]User Guide: ST - Dashboard Volume MTF
Introduction
This script displays a multi-timeframe (MTF) volume dashboard, tracking buy and sell volumes and the moving averages of volume. It is designed for traders using ICT (Inner Circle Trader) and SMC (Smart Money Concepts) to quickly visualize market dynamics across multiple timeframes.
Settings and Features
📌 User Inputs
Customizable settings allow traders to adjust the dashboard display and volume moving averages.
Volume Display per Timeframe
show_vol_1m: Show volume for 1-minute chart.
show_vol_5m: Show volume for 5-minute chart.
show_vol_15m: Show volume for 15-minute chart.
show_vol_1h: Show volume for 1-hour chart.
show_vol_4h: Show volume for 4-hour chart.
show_vol_1d: Show volume for 1-day chart.
Volume Moving Average Settings
ma_length_short: Length of the short-term moving average (default 5 periods).
ma_length_long: Length of the long-term moving average (default 14 periods).
Dashboard Customization
dashboard_position: Dashboard position (Bottom Right, Bottom Left, Top Right, Top Left).
text_color: Text color for the dashboard.
text_size: Text size (small, normal, large).
How the Script Works
🔹 1. Calculating Buy and Sell Volume
The calculate_buy_sell function separates buy and sell volume based on the candle's open and close price:
If the closing price is higher than the opening price → Buy volume 📈.
If the closing price is lower or equal to the opening price → Sell volume 📉.
🔹 2. Retrieving Volume Data Across Multiple Timeframes
The function get_volumes collects buy and sell volume data for different timeframes using request.security().
The available timeframes are: 1m, 5m, 15m, 1h, 4h, and 1d.
🔹 3. Calculating Volume Moving Averages
The script uses ta.sma() to compute moving averages for volume trends:
ma_vol_short: Short-term moving average (e.g., 5 periods).
ma_vol_long: Long-term moving average (e.g., 14 periods).
🔹 4. Creating and Displaying the Dashboard
A table (table.new()) is generated at the last bar (barstate.islast) to display the volume data:
A title “📊 Volume Dashboard (Buy vs Sell)” in purple.
Column headers:
TIMEFRAME (e.g., 1M, 5M, 15M, 1H, 4H, 1D).
BUY VOLUME (dark blue).
SELL VOLUME (dark red).
Buy and Sell Volume values are displayed in their respective cells for easy reading.
How to Use This Script on TradingView?
Adding the Script
Open TradingView.
Go to Pine Editor and paste the script.
Click "Add to Chart".
Configuring the Settings
Open the indicator settings.
Enable/disable the desired timeframes.
Adjust the moving average lengths if necessary.
Interpreting the Data
Increasing buy volume across timeframes may indicate bullish momentum.
Rising sell volume suggests a bearish reversal.
Crossovers of volume moving averages can help detect market shifts.
Conclusion
This script is a powerful tool for analyzing volume dynamics across multiple timeframes. It provides a quick overview of the balance between buyers and sellers, essential for ICT scalping and liquidity-based trading.
🚀 Pro Tip: Combine this dashboard with other SMC indicators (engulfing candles, pivot points) to refine your trading decisions.
Money Flow Index MTF + Alerts with Candle Opacity & LabelsHow to Use the Money Flow Index MTF + Alerts with Candle Opacity & Labels Indicator
Overview:
This indicator is designed to help you gauge the buying and selling pressure in a market by using the Money Flow Index (MFI). Unlike many momentum oscillators, the MFI incorporates both price and volume, providing a unique perspective on market activity. It is particularly useful when you want to visually assess potential overbought or oversold conditions.
Indicator Components:
Money Flow Index (MFI) Calculation:
The indicator computes the MFI using a user-defined look-back period (default is 14 bars). The MFI is scaled between 0 and 100, where values above 80 typically indicate overbought conditions and values below 20 suggest oversold conditions.
Multi-Timeframe (MTF) Capability:
You can choose to calculate the MFI using either the current chart’s timeframe or a custom timeframe (for example, a 4-hour chart). This flexibility allows you to compare longer-term money flow trends against your primary trading timeframe.
Candle Opacity Based on MFI:
The opacity of the candles on your chart is dynamically adjusted based on the current MFI reading. When the MFI is high (near 100), candles become more opaque; when the MFI is low (near 0), candles appear more transparent. This visual cue can help you quickly spot changes in market momentum.
Visual Labels for Overbought/Oversold Conditions:
When the MFI crosses into the overbought territory, a red label reading “Overbought” is displayed above the high of the bar. Similarly, when it crosses into the oversold territory, a green label reading “Oversold” is placed below the low of the bar. These labels provide an immediate visual alert to potential reversal points or areas of caution.
Alert Conditions:
The script also includes alert conditions for both overbought and oversold signals. You can set up TradingView alerts so that you are notified in real time when the indicator detects these conditions.
Theory Behind the Money Flow Index (MFI):
The Money Flow Index is a momentum oscillator that uses both price and volume to signal the strength behind price moves.
Overbought Conditions: When the MFI is above 80, it suggests that buying pressure is very strong and the asset might be due for a pullback or consolidation.
Oversold Conditions: Conversely, when the MFI falls below 20, selling pressure is high and the asset might be oversold, potentially priming it for a bounce.
Keep in mind that in strong trending markets, overbought or oversold readings can persist for extended periods, so the MFI should be used in conjunction with other technical analysis tools.
Position Management Guidance:
While the indicator is useful for spotting potential overbought and oversold conditions, it is not designed to serve as an automatic signal to completely close a position. Instead, you might consider using it as a guide for pyramiding—gradually adding to your position over several days rather than exiting all at once. This approach allows you to better manage risk by:
Scaling In or Out Gradually: Instead of making one large position change, you can add or reduce your position in increments as market conditions evolve.
Diversifying Risk: Pyramiding helps you avoid the pitfalls of trying to time the market perfectly on a single trade exit or entry.
How to Get Started:
Apply the Indicator:
Add the indicator to your TradingView chart. Adjust the input settings (length, oversold/overbought levels, and resolution) as needed for your trading style and the market you’re analyzing.
Watch the Candles:
Observe the dynamic opacity of your candles. A sudden change in opacity can be a sign that the underlying money flow is shifting.
Monitor the Labels:
Pay attention to the “Overbought” or “Oversold” labels that appear. Use these cues in combination with your broader analysis to decide if it might be a good time to add to or gradually exit your position.
Set Up Alerts:
Configure TradingView alerts based on the indicator’s alert conditions so that you are notified when the MFI reaches extreme levels.
Use as Part of a Broader Strategy:
Remember, no single indicator should dictate your entire trading decision. Combine MFI signals with other technical analysis, risk management rules, and market insights to guide your trades.
Smooth Moving Average (SMA) MTF Trend PanelDescription:
The SMA MTF Trend Panel is a multi-timeframe (MTF) trend visualization tool designed to help traders quickly assess market conditions across multiple timeframes based on the Simple Moving Average (SMA). This script calculates the trend direction (Bullish, Bearish, or Neutral) and the trend strength percentage for each selected timeframe. It displays the information in an intuitive panel that is dynamically updated in real-time.
How It Works:
1. SMA Calculation:
• For each timeframe, the script calculates the SMA based on a user-defined length (default: 50).
2. Trend Identification:
• Compares the current price to the SMA and assigns a label: “Bull,” “Bear,” or “Neutral.”
3. Panel Display:
• Displays trends, strengths, and shifts for each timeframe in an interactive table.
4. Real-Time Updates:
• Continuously monitors price movements and updates the panel to reflect the latest data.
Customizable Inputs:
1. Panel Settings:
• Orientation: Choose vertical or horizontal layout.
• Position: Select panel location on the chart.
• Border Width/Color: Adjust panel borders for better visualization.
2. Trend Colors:
• Define custom colors for bullish, bearish, neutral, and shift conditions.
3. SMA Length:
• Adjust the SMA period to suit your trading style (e.g., short-term scalping or long-term trend following).
4. Timeframes:
• Set specific timeframes to analyze based on your trading strategy.
Intelligent Support & Resistance Lines (MTF)This script automatically detects and updates key Support & Resistance (S/R) levels using a higher timeframe (MTF) approach. By leveraging volume confirmation, levels are only identified when significant volume (relative to the SMA of volume) appears. Each level is drawn horizontally in real time, and whenever the market breaks above a resistance level (and retests it), the script automatically converts that resistance into support. The opposite occurs if the market breaks below a support level.
Key Features:
Multi-Timeframe (MTF) Data
Select a higher timeframe for more robust S/R calculations.
The script fetches High, Low, Volume, and SMA of Volume from the chosen timeframe.
Automatic Role Reversal
Resistance becomes Support if a breakout retest occurs.
Support becomes Resistance if a breakdown retest occurs.
Dynamic Line Width & Labeling
Each S/R line’s thickness increases with additional touches, making frequently tested levels easier to spot.
Labels automatically display the number of touches (e.g., “R 3” or “S 2”) and can have adjustable text size.
Volume Threshold
Only significant pivots (where volume exceeds a specified multiplier of average volume) are plotted, reducing noise.
Horizontal Offset for Clarity
Lines are drawn with timestamps instead of bar_index, ensuring that old levels remain visible without chart limitations.
Adjustable Maximum Levels
Maintain a clean chart by limiting how many S/R lines remain at once.
How It Works:
Pivot Detection: The script identifies swing highs and lows from the higher timeframe (timeframeSR).
Volume Check: Only pivots with volume ≥ (SMA Volume * volumeThreshold) qualify.
Line Creation & Updates: New lines are drawn at these pivots, labeled “R #” or “S #,” indicating how many times they’ve been touched.
Role Reversal: If price breaks above a resistance and retests it from above, that line is removed from the resistance array and re-created in the support array (and vice versa).
Inputs:
Timeframe for S/R: Choose the higher timeframe for S/R calculations.
Swing Length: Number of bars to consider in a pivot calculation.
Minimum Touches: Minimum required touches before drawing or updating a level.
Volume Threshold (Multiplier): Determines how much volume (relative to SMA) is needed to confirm a pivot.
Maximum Number of Levels: Caps how many S/R lines can be shown at once.
Color for Resistance & Color for Support: Customize your preferred colors for lines and labels.
Label Size: Select from "tiny", "small", "normal", "large", or "huge" to resize the labels.
Disclaimer:
This script is intended for educational purposes and should not be interpreted as financial or investment advice. Always conduct your own research or consult a qualified professional before making trading decisions.
Sri Yantra MTF - AynetSri Yantra MTF - Aynet Script Overview
This Pine Script generates a Sri Yantra-inspired geometric pattern overlay on price charts. The pattern is dynamically updated based on multi-timeframe (MTF) inputs, utilizing high and low price ranges, and adjusting its size relative to a chosen multiplier.
The Sri Yantra is a sacred geometric figure used in various spiritual and mathematical contexts, symbolizing the interconnectedness of the universe. Here, it is applied to visualize structured price levels.
Scientific and Technical Explanation
Multi-Timeframe Integration:
Base Timeframe (baseRes): This is the primary timeframe for the analysis. The opening price and ATR (Average True Range) are calculated from this timeframe.
Pattern Timeframe (patternRes): Defines the granularity of the pattern. It ensures synchronization with price movements on specific time intervals.
Geometric Construction:
ATR-Based Scaling: The script uses ATR as a volatility measure to dynamically size the geometric pattern. The sizeMult input scales the pattern relative to price volatility.
Pattern Width (barOffset): Defines the horizontal extent of the pattern in terms of bars. This ensures the pattern is aligned with price movements and scales appropriately.
Sri Yantra-Like Geometry:
Outer Square: A bounding box is drawn around the price level.
Triangles: Multiple layers of triangles (primary, secondary, and tertiary) are calculated and drawn to mimic the structure of the Sri Yantra. These triangles converge and diverge based on price levels.
Horizontal Lines: Added at key levels to provide additional structure and aesthetic alignment.
Dynamic Updates:
The pattern recalculates and redraws itself on the last bar of the selected timeframe, ensuring it adapts to real-time price data.
A built-in check identifies new bars in the chosen timeframe (patternRes), ensuring accurate updates.
Information Table:
Displays the selected base and pattern timeframes in a table format on the top-right corner of the chart.
Allows traders to see the active settings for quick adjustments.
Key Inputs
Style Settings:
Pattern Color: Customize the color of the geometric patterns.
Size Multiplier (sizeMult): Adjusts the size of the pattern relative to price movements.
Line Width: Controls the thickness of the geometric lines.
Timeframe Settings:
Base Resolution (baseRes): Timeframe for calculating the pattern's anchor (default: daily).
Pattern Resolution (patternRes): Timeframe granularity for the pattern’s formation.
Geometric Adjustments:
Pattern Width (barOffset): Horizontal width in bars.
ATR Multiplier (rangeSize): Vertical size adjustment based on price volatility.
Scientific Concepts
Volatility Representation:
ATR (Average True Range): A standard measure of market volatility, representing the average range of price movements over a defined period. Here, ATR adjusts the vertical height of the geometric figures.
Geometric Symmetry:
The script emulates symmetry similar to the Sri Yantra, aligning with the principles of sacred geometry, which often appear in nature and mathematical constructs. Symmetry in financial data visualizations can aid in intuitive interpretation of price movements.
Multi-Timeframe Fusion:
Synchronizing patterns with multiple timeframes enhances the relevance of overlays for different trading strategies. For example, daily trends combined with hourly patterns can help traders optimize entries and exits.
Visual Features
Outer Square:
Drawn to encapsulate the geometric structure.
Represents the broader context of price levels.
Triangles:
Three layers of interlocking triangles create a fractal pattern, providing a visual alignment to price dynamics.
Horizontal Lines:
Emphasize critical levels within the pattern, offering visual cues for potential support or resistance areas.
Information Table:
Displays the active timeframe settings, helping traders quickly verify configurations.
Applications
Trend Visualization:
Patterns overlay on price movements provide a clearer view of trend direction and potential reversals.
Volatility Mapping:
ATR-based scaling ensures the pattern adjusts to varying market conditions, making it suitable for different asset classes and trading strategies.
Multi-Timeframe Analysis:
Integrates higher and lower timeframes, enabling traders to spot confluences between short-term and long-term price levels.
Potential Enhancements
Add Fibonacci Levels: Overlay Fibonacci retracements within the pattern for deeper price level insights.
Dynamic Alerts: Include alert conditions when price intersects key geometric lines.
Custom Labels: Add text descriptions for critical intersections or triangle centers.
This script is a unique blend of technical analysis and sacred geometry, providing traders with an innovative way to visualize market dynamics.
Options Series - MTF 1 and 3 Minute
Objective:
The indicator is named "Options Series - MTF 1 and 3 Minute", suggesting it's designed to analyze options series with multiple time frames (MTF), particularly focusing on 1-minute and 3-minute intervals.
OHLC Values Of Candle:
The code fetches the Open, High, Low, and Close (OHLC) values of the current candle for the specified ticker and timeframes (current, 1 minute, and 3 minutes). Additionally, it calculates the 200-period Simple Moving Average (SMA) of the closing prices for each timeframe.
Bull vs. Bear Condition:
It defines conditions for Bullish and Bearish scenarios based on comparing the current close price with the previous 200-period SMA close price for both 1-minute and 3-minute timeframes. If the current close price is higher than the previous 200-period SMA close price, it's considered Bullish, and if it's lower, it's considered Bearish.
Final Color Condition and Plot:
It determines the color of the candlestick based on the Bullish or Bearish condition. If the conditions for a Bullish scenario are met, the candlestick color is set to green (GreenColorCandle). If the conditions for a Bearish scenario are met, the candlestick color is set to red (RedColorCandle). If neither condition is met (i.e., the candle is neither Bullish nor Bearish), the color remains gray.
The code then plots the 200-period SMA values for both 1-minute and 3-minute timeframes and colors them based on the candlestick color. It also colors the bars based on the candlestick color.
Insights:
This indicator focuses on comparing current close prices with the 200-period SMA close prices to determine market sentiment (Bullish or Bearish).
It utilizes multiple time frames (1 minute and 3 minutes) to provide a broader perspective on market movements.
The color-coded candlesticks and bars make it visually easy to identify Bullish and Bearish trends.
This indicator can be used as part trading based on the identified market sentiment.
Ripster MTF CloudsDescription:
MTF EMA Cloud By Ripster
EMA Cloud System is a Trading System Invented by Ripster where areas are shaded between two desired EMAs. The concept implies the EMA cloud area serves as support or resistance for Intraday & Swing Trading. This can be utilized effectively on 10 Min for day trading and 1Hr/Daily for Swings. Ripster himself utilizes various combinations of the 5-12, 34-50, 8-9, 20-21 EMA clouds but the possibilities are endless to find what works best for you.
“Ideally, 5-12 or 5-13 EMA cloud acts as a fluid trendline for day trades. 8-9 EMA Clouds can be used as pullback Levels –(optional). Additionally, a high level price over or under 34-50 EMA clouds confirms either bullish or bearish bias on the price action for any timeframe” – Ripster
This indicator is an extension of the Ripster EMA Clouds. It allows you to visualize Exponential Moving Average (EMA) clouds from any time frame on your current chart, regardless of the chart's own time frame. This functionality is especially useful for traders who want to monitor higher time frame trends and support/resistance levels while trading on lower time frames.
What does this code do?
The Ripster MTF Clouds indicator displays two sets of EMA clouds. Each set consists of a short EMA and a long EMA. By default, the indicator uses Daily 20/21 and 50/55 EMAs, but you can customize these settings to fit your trading strategy. The EMAs are plotted on your chart along with their corresponding clouds, colored for easy differentiation:
EMA 1 (default 50/55): Plotted in blue.
EMA 2 (default 20/21): Plotted in teal.
The indicator uses the security function to fetch EMA values from higher time frames and plots them on your current chart, allowing you to see how these higher time frame EMAs interact with your current time frame's price action.
How to use this indicator:
Adjust Resolution:
Set the "Resolution" input to the time frame from which you want to fetch EMA values. For example, set it to "1H" if you want to see 1-hour EMAs on your current chart.
Customize EMAs:
Modify the "EMA 1 Short Length" and "EMA 1 Long Length" inputs to change the default 50/55 EMAs.
Adjust the "EMA 2 Short Length" and "EMA 2 Long Length" inputs to change the default 20/21 EMAs.
Monitor Clouds:
The indicator fills the area between the short and long EMAs, creating a cloud that helps visualize the trend. A blue cloud indicates the area between the EMA 1 pair, while a teal cloud indicates the area between the EMA 2 pair.
Use Multiple Instances:
You can add multiple instances of this indicator to your chart to monitor multiple higher time frames simultaneously. For instance, one instance can show daily clouds while another shows hourly clouds.
Integration with Trading Strategy:
Use this indicator to identify higher time frame trends and support/resistance levels, which can help improve your trading decisions on lower time frames.
For example, you can go long when the stock is above the 50-55 EMA clouds and 20-21 EMA clouds with daily resolution on a 10-minute chart and short when it is below it.
Similarly, you can short a stock under the 1-hour 34/50 EMA clouds while still trading on a 10-minute chart.
F.B_Volume Weighted Average Price MTFThe F.B_Volume Weighted Average Price MTF (VWAP MTF) indicator calculates the volume-weighted average price of a security across different timeframes. The VWAP is a powerful indicator used by both institutional and retail traders to make better trading decisions.
Functionality:
Timeframe:
The indicator allows you to adjust the timeframe for the VWAP calculation via the settings. By default, the timeframe is set to weekly ("W").
Restart at new timeframe:
At each new period in the chosen timeframe, the VWAP calculations are reset, and a new VWAP is calculated.
VWAP Calculation:
The VWAP is calculated by the volume-weighted average of the typical prices (High, Low, and Close) of the security. This calculation takes into account the volume of each transaction to provide an accurate average price.
Visualization:
The VWAP is displayed as a line on the chart, and the color of the line changes depending on the price position relative to the VWAP:
Green: The current closing price is above the VWAP (bullish signal).
Red: The current closing price is below the VWAP (bearish signal).
Options:
Show barcolors:
This option allows you to display the colors of the candles based on their position relative to the VWAP (green for bullish, red for bearish).
Show previous VWAP close:
This option shows the closing value of the VWAP from the previous period to provide historical reference points.
Interpretation:
Bullish Signal:
If the current price is above the VWAP, this indicates that the market trend is upward, which could be considered a buying opportunity.
Bearish Signal:
If the current price is below the VWAP, this indicates that the market trend is downward, which could be considered a selling signal.
Supply & Demand (MTF) | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Supply and Demand (MTF) Indicator! This new indicator renders Supply and Demand zones based on momentum candles. It can detect Supply and Demand zones across up to 3 diferent timeframes. It's capable of combining zones, retest & break labels and it's customizable with invalidation and style settings.
Features of the new Supply and Demand (MTF) Indicator:
Renders Supply and Demand Zones Across 3 Timeframes
Combination Of Overlapping Zones
Retest & Break Labels
Retest & Break Alerts
Enable / Disable Historic Zones
Visual Customizability
📌 HOW DOES IT WORK ?
Supply and Demand is a key concept in trading. It helps traders see the zones that market-makers buy & sell the asset in large amounts. It's detected by finding momentum candles (candles that have large bodies) in a row.
Momentum candles are defined to have a larger body than the average candle in the chart, and at least 4 of them in a row is required to draw a supply or demand zone. The zone is drawn from the high wick to low wick of two candles before the first momentum candle in the row.
Check this example :
These zones are usually where market makers trade the asset in larger amounts. Thus, they act as support & resistance zones by their nature. A retest of these zones can make the price bounce to the opposite direction, while a breakout usually means strong price action momentum is incoming in that direction. Supply zones indicate bearish momentum while demand zones indicate bullish momentum.
Check this example :
Here a Supply Zone (Bearish) forms. Then price comes back up to test the zone, and it fails to break. After the failed attemp, a stong bearish momentum takes the price back to a lower level. Then another test of the zone occurs and successfully breaks the zone this time. This breakout starts a bullish momentum that takes the price to a higher level.
🚩UNIQUENESS
This indicator provides Supply and Demand zones in your chart with pure simplicity. It supports up to 3 different timeframes as we believe supporting your trades with higher timeframes can improve your trading experience. It also gets rid of complexity by combining overlapping zones into a single zone, even if they are from different timeframes! You can also set-up alerts to get notified when a supply or demand zone is being retested, or is broken. Overall, this indicator is the ultimate kit for supply and demand zones.
⚙️SETTINGS
1. General Configuration
Max Distance To Last Bar -> The maximum distance that the indicator will render supply and demand zones from. Higher settings mean rendering older supply and demand zones.
Zone Invalidation -> Select between Wick & Close price for Supply and Demand Zone Invalidation.
Retests & Breaks -> Enable retest & break labels in your chart.
Show Historic Zones -> This will show historic supply & demand zones which are invalidated if enabled. You can disable this to only see active supply and demand zones for a simpler chart.
2. Timeframes
You can set up to 3 different timeframes and enable / disable them using the checkboxes in this section.
