Price Alert Indicator with TableIndicator Description: Price Alert Indicator with Table
The Custom Price Alert Indicator with Table is a TradingView script designed to help traders monitor and react to significant price levels during the Asian and London trading sessions. This indicator provides visual alerts and displays relevant session data in a user-friendly table format.
Key Features:
User-Defined Session Times:
Users can specify the start and end hours for both the Asian (default: 8 AM to 2 PM) and London (default: 2 PM to 8 PM) trading sessions in their local time zone.
This flexibility allows traders from different regions to customize the indicator according to their trading hours.
Real-Time Highs and Lows:
The indicator calculates and tracks the high and low prices for the Asian and London sessions in real-time.
It continuously updates these values as new price data comes in.
Touch Notification Logic:
Alerts are triggered when the price touches the session high or low points.
Notifications are designed to avoid repetition; if the London session touches the Asian high or low, subsequent touches are not alerted until the next trading day.
Interactive Table Display:
A table is presented in the bottom right corner of the chart, showing:
The Asian low and high prices
The London low and high prices
Whether each price level has been touched.
Touched levels are visually highlighted in green, making it easy for traders to identify relevant price actions.
Daily Reset of Notifications:
The notification statuses are reset at the end of the London session each day, preparing for the next day’s trading activity.
Use Cases:
Traders can utilize this indicator to stay informed about pivotal price levels during important trading sessions, aiding in decision-making and strategy development.
The clear visual representation of price levels and touch statuses helps traders quickly assess market conditions.
This indicator is particularly beneficial for day traders and those who focus on price movements around key high and low points during the trading day.
在腳本中搜尋"sessions"
Intraday -RSKWhat You See:
Session Boxes:
As you observe, the larger purple box represents the Asian Session, spanning from around 22:00 to 06:00 UTC. You notice how it captures the overnight market activity.
The smaller, greyish box marks the London Session, from about 08:00 to 12:00 UTC. You can see how the price action changes during this session.
The New York Session is also indicated, with vertical lines possibly marking the open and close, helping you track movements as the U.S. markets come into play.
High and Low Levels:
Horizontal lines are drawn at the high and low of each session. You can use these as potential support or resistance levels, aiding in your decision-making process.
Vertical Lines:
These lines likely correspond to specific key times, such as session opens or closes. You can quickly identify the transition between sessions, which is crucial for your timing.
Color Coding:
Each session is color-coded, making it easier for you to distinguish between them at a glance. The purple, grey, and additional lines offer a clear visual distinction.
How You Use It:
This indicator is your go-to for understanding how different market sessions affect price action. You’ll use it to:
Recognize important price levels within each session.
Identify potential entry and exit points based on session highs and lows.
Observe how the market transitions from one session to another, giving you insight into the best times to trade.
Customization:
You have the flexibility to adjust the settings. You can change session times to suit your trading hours, modify colors to match your chart theme, and even choose which sessions to display or hide based on your focus.
This tool is designed to enhance your analysis, providing you with a structured view of market sessions. With this indicator, you’re well-equipped to navigate the global markets with greater precision and confidence.
Open-source script
Macros ICT KillZones [TradingFinder] Times & Price Trading Setup🔵 Introduction
ICT Macros, developed by Michael Huddleston, also known as ICT (Inner Circle Trader), is a powerful trading tool designed to help traders identify the best trading opportunities during key time intervals like the London and New York trading sessions.
For traders aiming to capitalize on market volatility, liquidity shifts, and Fair Value Gaps (FVG), understanding and using these critical time zones can significantly improve trading outcomes.
In today’s highly competitive financial markets, identifying the moments when the market is seeking buy-side or sell-side liquidity, or filling price imbalances, is essential for maximizing profitability.
The ICT Macros indicator is built on the renowned ICT time and price theory, which enables traders to track and leverage key market dynamics such as breaks of highs and lows, imbalances, and liquidity hunts.
This indicator automatically detects crucial market times and optimizes strategies for traders by highlighting the specific moments when price movements are most likely to occur. A standout feature of ICT Macros is its automatic adjustment for Daylight Saving Time (DST), ensuring that traders remain synced with the correct session times.
This means you can rely on accurate market timing without the need for manual updates, allowing you to focus on capturing profitable trades during critical timeframes.
🔵 How to Use
The ICT Macros indicator helps you capitalize on trading opportunities during key market moments, particularly when the market is breaking highs or lows, filling Fair Value Gaps (FVG), or addressing imbalances. This indicator is particularly beneficial for traders who seek to identify liquidity, market volatility, and price imbalances.
🟣 Sessions
London Sessions
London Macro 1 :
UTC Time : 06:33 to 07:00
New York Time : 02:33 to 03:00
London Macro 2 :
UTC Time : 08:03 to 08:30
New York Time : 04:03 to 04:30
New York Sessions
New York Macro AM 1 :
UTC Time : 12:50 to 13:10
New York Time : 08:50 to 09:10
New York Macro AM 2 :
UTC Time : 13:50 to 14:10
New York Time : 09:50 to 10:10
New York Macro AM 3 :
UTC Time : 14:50 to 15:10
New York Time : 10:50 to 11:10
New York Lunch Macro :
UTC Time : 15:50 to 16:10
New York Time : 11:50 to 12:10
New York PM Macro :
UTC Time : 17:10 to 17:40
New York Time : 13:10 to 13:40
New York Last Hour Macro :
UTC Time : 19:15 to 19:45
New York Time : 15:15 to 15:45
These time intervals adjust automatically based on Daylight Saving Time (DST), helping traders to enter or exit trades during key market moments when price volatility is high.
Below are the main applications of this tool and how to incorporate it into your trading strategies :
🟣 Combining ICT Macros with Trading Strategies
The ICT Macros indicator can easily be used in conjunction with various trading strategies. Two well-known strategies that can be combined with this indicator include:
ICT 2022 Trading Model : This model is designed based on identifying market liquidity, structural price changes, and Fair Value Gaps (FVG). By using ICT Macros, you can identify the key time intervals when the market is seeking liquidity, filling imbalances, or breaking through important highs and lows, allowing you to enter or exit trades at the right moment.
Silver Bullet Strategy : This strategy, which is built around liquidity hunting and rapid price movements, can work more accurately with the help of ICT Macros. The indicator pinpoints precise liquidity times, helping traders take advantage of market shifts caused by filling Fair Value Gaps or correcting imbalances.
🟣 Capitalizing on Price Volatility During Key Times
Large market algorithms often seek liquidity or fill Fair Value Gaps (FVG) during the intervals marked by ICT Macros. These periods are when price volatility increases, and traders can use these moments to enter or exit trades.
For example, if sell-side liquidity is drained and the market fills an imbalance, the price might move toward buy-side liquidity. By identifying these moments, which may also involve breaking a previous high or low, you can leverage rapid market fluctuations to your advantage.
🟣 Identifying Liquidity and Price Imbalances
One of the important uses of ICT Macros is identifying points where the market is seeking liquidity and correcting imbalances. You can determine high or low liquidity levels in the market before each ICT Macro, as well as Fair Value Gaps (FVG) and price imbalances that need to be filled, using them to adjust your trading strategy. This capability allows you to manage trades based on liquidity shifts or imbalance corrections without needing a bias toward a specific direction.
🔵 Settings
The ICT Macros indicator offers various customization options, allowing users to tailor it to their specific needs. Below are the main settings:
Time Zone Mode : You can select one of the following options to define how time is displayed:
UTC : For traders who need to work with Universal Time.
Session Local Time : The local time corresponding to the London or New York markets.
Your Time Zone : You can specify your own time zone (e.g., "UTC-4:00").
Your Time Zone : If you choose "Your Time Zone," you can set your specific time zone. By default, this is set to UTC-4:00.
Show Range Time : This option allows you to display the time range of each session on the chart. If enabled, the exact start and end times of each interval are shown.
Show or Hide Time Ranges : Toggle on/off for visual clarity depending on user preference.
Custom Colors : Set distinct colors for each session, allowing users to personalize their chart based on their trading style.These settings allow you to adjust the key time intervals of each trading session to your preference and customize the time format according to your own needs.
🔵 Conclusion
The ICT Macros indicator is a powerful tool for traders, helping them to identify key time intervals where the market seeks liquidity or fills Fair Value Gaps (FVG), corrects imbalances, and breaks highs or lows. This tool is especially valuable for traders using liquidity-based strategies such as ICT 2022 or Silver Bullet.
One of the key features of this indicator is its support for Daylight Saving Time (DST), ensuring you are always in sync with the correct trading session timings without manual adjustments. This is particularly beneficial for traders operating across different time zones.
With ICT Macros, you can capitalize on crucial market opportunities during sensitive times, take advantage of imbalances, and enhance your trading strategies based on market volatility, liquidity shifts, and Fair Value Gaps.
NYSE, Euronext, and Shanghai Stock Exchange Hours IndicatorNYSE, Euronext, and Shanghai Stock Exchange Hours Indicator
This script is designed to enhance your trading experience by visually marking the opening and closing hours of major global stock exchanges: the New York Stock Exchange (NYSE), Euronext, and Shanghai Stock Exchange. By adding vertical lines and background fills during trading sessions, it helps traders quickly identify these critical periods, potentially informing better trading decisions.
Features of This Indicator:
NYSE, Euronext, and Shanghai Stock Exchange Hours: Displays vertical lines at market open and close times for these three exchanges. You can easily switch between showing or hiding the different exchanges to customize the indicator for your needs.
Background Fill: Highlights the trading hours of these exchanges using faint background colors, making it easy to spot when markets are in session. This feature is crucial for timing trades around overlapping trading hours and volume peaks.
Customizable Visuals: Adjust the color, line style (solid, dotted, dashed), and line width to match your preferences, making the indicator both functional and visually aligned with your chart's aesthetics.
How to Use the Indicator:
Add the Indicator to Your Chart: Add the script to your chart from the TradingView script library. Once added, the indicator will automatically plot vertical lines at the opening and closing times of the NYSE, Euronext, and Shanghai Stock Exchange.
Customize Display Settings: Choose which exchanges to display by enabling or disabling the NYSE, Euronext, or Shanghai sessions in the indicator settings. This allows you to focus only on the exchanges that are relevant to your trading strategy.
Adjust Visual Properties: Customize the appearance of the vertical lines and background fill through the settings. Modify the color of each exchange, adjust the line style (solid, dotted, dashed), and control the line thickness to suit your chart preferences. The background fill can also be customized to clearly highlight active trading sessions.
Identify Key Market Hours: Use the vertical lines and background fills to identify the market open and close times. This is particularly useful for understanding how price action changes during specific trading hours or for finding high liquidity periods when multiple markets are open simultaneously.
Adapt Trading Strategies: By knowing when major stock exchanges are open, you can adapt your trading strategy to take advantage of potential price movements, increased volatility, or volume. This can help you avoid low-liquidity times and capitalize on more active trading periods.
This indicator is especially valuable for traders focusing on cross-market dynamics or those interested in understanding how different sessions influence market liquidity and price action. With this tool, you can gain insight into market conditions and adapt your trading strategies accordingly. The clean visual separation of session times helps you maintain context, whether you're trading Forex, stocks, or cryptocurrencies.
Disclaimer: This script is intended for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions. Trading involves risk, and past performance is not indicative of future results.
Timing - Fx MGKWhat You See:
Session Boxes:
As you observe, the larger purple box represents the Asian Session, spanning from around 22:00 to 06:00 UTC. You notice how it captures the overnight market activity.
The smaller, greyish box marks the London Session, from about 08:00 to 12:00 UTC. You can see how the price action changes during this session.
The New York Session is also indicated, with vertical lines possibly marking the open and close, helping you track movements as the U.S. markets come into play.
High and Low Levels:
Horizontal lines are drawn at the high and low of each session. You can use these as potential support or resistance levels, aiding in your decision-making process.
Vertical Lines:
These lines likely correspond to specific key times, such as session opens or closes. You can quickly identify the transition between sessions, which is crucial for your timing.
Color Coding:
Each session is color-coded, making it easier for you to distinguish between them at a glance. The purple, grey, and additional lines offer a clear visual distinction.
How You Use It:
This indicator is your go-to for understanding how different market sessions affect price action. You’ll use it to:
Recognize important price levels within each session.
Identify potential entry and exit points based on session highs and lows.
Observe how the market transitions from one session to another, giving you insight into the best times to trade.
Customization:
You have the flexibility to adjust the settings. You can change session times to suit your trading hours, modify colors to match your chart theme, and even choose which sessions to display or hide based on your focus.
This tool is designed to enhance your analysis, providing you with a structured view of market sessions. With this indicator, you’re well-equipped to navigate the global markets with greater precision and confidence.
Vanitati's Market Scope=========================================================
How to Use the Indicator
=========================================================
Configuration: Begin by setting the session times to match your trading interests. Customize the colors and styles according to your preferences.
Observation: Watch for the high and low markers of each session to form the initial balance. Note how the price moves in relation to these levels.
Action: Pay special attention to God Candles and engulfing patterns, especially when they coincide with high volume. These may offer trading signals in line with your strategy.
Adjustment: Regularly review and adjust the settings (e.g., session times, lookback periods) based on market conditions and your trading performance.
=========================================================
Initial Balance (IB) Settings:
=========================================================
Purpose: Marks the high and low of a specific trading session to indicate the initial range of market movement.
Usage: Customize session times for New York (NY), London (LN), and Tokyo (TK) to see the initial balance of each. Colors for the high, low, and mid-point lines can be adjusted.
Practical Application: Traders can use these lines to gauge market volatility or breakouts outside of these initial ranges.
=========================================================
Session Settings and Session Highlight Boxes
=========================================================
Purpose: Highlights trading sessions with customizable background colors and border styles, allowing for a quick visual reference of market sessions.
Usage: Set the times for NY, London, and Tokyo sessions along with desired background colors to have these periods visually marked on the chart.
Practical Application: Helps in identifying the overlap between major market sessions and potential increases in trading volume and volatility.
=========================================================
God Candle Settings
=========================================================
Purpose: Identifies significantly large and voluminous candles, known as "God Candles", which could signal strong market movements.
Usage: Adjust the lookback period, line length, and volume criteria to define what constitutes a God Candle. These settings also allow for the display of diamonds on bars that meet certain criteria but are not classified as God Candles.
Practical Application: These candles can signal strong buying or selling pressure and might be used as potential entry or exit points based on the trader's strategy.
=========================================================
Additional Features
=========================================================
Session Time Filters: Allows for filtering signals based on the time of day, useful for focusing on specific market hours.
Engulfing Pattern Detection: The script includes logic to identify bullish and bearish engulfing patterns, adding another layer of analysis for potential trading opportunities.
Volume Analysis: Incorporates volume into the analysis of God Candles and engulfing patterns to identify significant market movements.
VIX Cheat SheetHello!
This indicator - "VIX Cheat Sheet" - performs several calculations for $VIX against the asset on your chart. However, using $VIX as a risk proxy or volatility metric often fails beyond large-cap U.S equities. To remedy this, the VixFix indicator is included in the script; you can select whether the script performs calculations for an asset against $VIX or against VixFix (i.e. Forex, Crypto)
Measured are: $VIX correlation to an asset's price fluctuations, the average close-to-close gain/loss subsequent a $VIX/VixFix close above the upper Bollinger Band, the average 5-session gain/loss following the same occurrence in addition to the average 10-session gain/loss, all close-to-close, 5 session, and 10-session gains/losses are stored as tooltips for labels on the chart. The current close-to-close percentage gain/loss for $VIX and VixFix are displayed on the chart.
Displayed in the example image is a box incorporating $VIX price data alongside an upper Bollinger Band and lower Bollinger Band. The data isn't cast to its own price scale but is helpful for quick interpretation of $VIX fluctuations. You can select to plot VixFix data in the box in the user inputs table.
Displayed in the second example image is a semi-transparent blue box encompassing all price moves that occurred when $VIX measured above $40 for at least ten consecutive sessions. The largest percentage close-to-close loss is displayed below the box.
Also illustrated is a red label that appears when $VIX or VixFix closes above the upper Bollinger Band. The indicator will calculate and display the performance of the asset for the subsequent 10 sessions, to which the red label will disappear and all data stored as a tooltip in the blue labels stating "VIX Closed Above Upper Band" or "VixFix Closed Above Upper Band".
To reduce chart clutter, a label and line combination marking all $VIX closes above the upper Bollinger Band was not included. Instead, bar color changes were added. When "$VIX" is selected in the user inputs table the indicator will mark all sessions in which $VIX closed above the upper band as blue, in addition to plotting $VIX price data in the dynamic black box. When "VixFix" is selected, the indicator will mark all sessions where VixFix closed above the upper band as purple; the VixFix indicator will be plotted in the black box.
Be sure to hover over labels to access tooltip information; try the indicator with bar replay!
Wave Trend w/ VWMA overlayThis is a trend-following strategy and indicator which combines the Wave Trend Strategy (Lazy Bear) by thomas.gigure with the cRSI + Waves Strategy with VWMA overlay by Dr_Roboto .
You may update the parameters of the Wave Trend oscillator or the VWMA indicator to match your own preferences. You may also adjust the Base Quantity used for determining trade size (as described below) to suit your account size and risk tolerance.
The strategy identifies potential signals based on the on the Wave Trend oscillator, originally ported to TradingView by LazyBear. When a signal is produced by the Wave Trend oscillator, trade size is determined by the VWMA.
When the VWMA is trending against the direction of the Wave Trend signal, Base Quantity x 1 is used
When the VWMA is trending neutral, Base Quantity x 2 is used
When the VWMA is trending with the direction of the Wave Trend signal, Base Quantity x 4 is used
The strategy includes the ability to limit trade signals to certain defined periods of time ("Sessions") during the trading day and, optionally, to close any open position at the end of either or both "Sessions." This may be enabled/disabled via the Limit Signals to Trading Sessions? option on the "Inputs" tab of the strategy's "Settings" window.
If you are trading on a daily chart (or longer) you must disable the Limit Signals to Trading Sessions? in order for the strategy to produce signals.
Waindrops [Makit0]█ OVERALL
Plot waindrops (custom volume profiles) on user defined periods, for each period you get high and low, it slices each period in half to get independent vwap, volume profile and the volume traded per price at each half.
It works on intraday charts only, up to 720m (12H). It can plot balanced or unbalanced waindrops, and volume profiles up to 24H sessions.
As example you can setup unbalanced periods to get independent volume profiles for the overnight and cash sessions on the futures market, or 24H periods to get the full session volume profile of EURUSD
The purpose of this indicator is twofold:
1 — from a Chartist point of view, to have an indicator which displays the volume in a more readable way
2 — from a Pine Coder point of view, to have an example of use for two very powerful tools on Pine Script:
• the recently updated drawing limit to 500 (from 50)
• the recently ability to use drawings arrays (lines and labels)
If you are new to Pine Script and you are learning how to code, I hope you read all the code and comments on this indicator, all is designed for you,
the variables and functions names, the sometimes too big explanations, the overall structure of the code, all is intended as an example on how to code
in Pine Script a specific indicator from a very good specification in form of white paper
If you wanna learn Pine Script form scratch just start HERE
In case you have any kind of problem with Pine Script please use some of the awesome resources at our disposal: USRMAN , REFMAN , AWESOMENESS , MAGIC
█ FEATURES
Waindrops are a different way of seeing the volume and price plotted in a chart, its a volume profile indicator where you can see the volume of each price level
plotted as a vertical histogram for each half of a custom period. By default the period is 60 so it plots an independent volume profile each 30m
You can think of each waindrop as an user defined candlestick or bar with four key values:
• high of the period
• low of the period
• left vwap (volume weighted average price of the first half period)
• right vwap (volume weighted average price of the second half period)
The waindrop can have 3 different colors (configurable by the user):
• GREEN: when the right vwap is higher than the left vwap (bullish sentiment )
• RED: when the right vwap is lower than the left vwap (bearish sentiment )
• BLUE: when the right vwap is equal than the left vwap ( neutral sentiment )
KEY FEATURES
• Help menu
• Custom periods
• Central bars
• Left/Right VWAPs
• Custom central bars and vwaps: color and pixels
• Highly configurable volume histogram: execution window, ticks, pixels, color, update frequency and fine tuning the neutral meaning
• Volume labels with custom size and color
• Tracking price dot to be able to see the current price when you hide your default candlesticks or bars
█ SETTINGS
Click here or set any impar period to see the HELP INFO : show the HELP INFO, if it is activated the indicator will not plot
PERIOD SIZE (max 2880 min) : waindrop size in minutes, default 60, max 2880 to allow the first half of a 48H period as a full session volume profile
BARS : show the central and vwap bars, default true
Central bars : show the central bars, default true
VWAP bars : show the left and right vwap bars, default true
Bars pixels : width of the bars in pixels, default 2
Bars color mode : bars color behavior
• BARS : gets the color from the 'Bars color' option on the settings panel
• HISTOGRAM : gets the color from the Bearish/Bullish/Neutral Histogram color options from the settings panel
Bars color : color for the central and vwap bars, default white
HISTOGRAM show the volume histogram, default true
Execution window (x24H) : last 24H periods where the volume funcionality will be plotted, default 5
Ticks per bar (max 50) : width in ticks of each histogram bar, default 2
Updates per period : number of times the histogram will update
• ONE : update at the last bar of the period
• TWO : update at the last bar of each half period
• FOUR : slice the period in 4 quarters and updates at the last bar of each of them
• EACH BAR : updates at the close of each bar
Pixels per bar : width in pixels of each histogram bar, default 4
Neutral Treshold (ticks) : delta in ticks between left and right vwaps to identify a waindrop as neutral, default 0
Bearish Histogram color : histogram color when right vwap is lower than left vwap, default red
Bullish Histogram color : histogram color when right vwap is higher than left vwap, default green
Neutral Histogram color : histogram color when the delta between right and left vwaps is equal or lower than the Neutral treshold, default blue
VOLUME LABELS : show volume labels
Volume labels color : color for the volume labels, default white
Volume Labels size : text size for the volume labels, choose between AUTO, TINY, SMALL, NORMAL or LARGE, default TINY
TRACK PRICE : show a yellow ball tracking the last price, default true
█ LIMITS
This indicator only works on intraday charts (minutes only) up to 12H (720m), the lower chart timeframe you can use is 1m
This indicator needs price, time and volume to work, it will not work on an index (there is no volume), the execution will not be allowed
The histogram (volume profile) can be plotted on 24H sessions as limit but you can plot several 24H sessions
█ ERRORS AND PERFORMANCE
Depending on the choosed settings, the script performance will be highly affected and it will experience errors
Two of the more common errors it can throw are:
• Calculation takes too long to execute
• Loop takes too long
The indicator performance is highly related to the underlying volatility (tick wise), the script takes each candlestick or bar and for each tick in it stores the price and volume, if the ticker in your chart has thousands and thousands of ticks per bar the indicator will throw an error for sure, it can not calculate in time such amount of ticks.
What all of that means? Simply put, this will throw error on the BITCOIN pair BTCUSD (high volatility with tick size 0.01) because it has too many ticks per bar, but lucky you it will work just fine on the futures contract BTC1! (tick size 5) because it has a lot less ticks per bar
There are some options you can fine tune to boost the script performance, the more demanding option in terms of resources consumption is Updates per period , by default is maxed out so lowering this setting will improve the performance in a high way.
If you wanna know more about how to improve the script performance, read the HELP INFO accessible from the settings panel
█ HOW-TO SETUP
The basic parameters to adjust are Period size , Ticks per bar and Pixels per bar
• Period size is the main setting, defines the waindrop size, to get a better looking histogram set bigger period and smaller chart timeframe
• Ticks per bar is the tricky one, adjust it differently for each underlying (ticker) volatility wise, for some you will need a low value, for others a high one.
To get a more accurate histogram set it as lower as you can (min value is 1)
• Pixels per bar allows you to adjust the width of each histogram bar, with it you can adjust the blank space between them or allow overlaping
You must play with these three parameters until you obtain the desired histogram: smoother, sharper, etc...
These are some of the different kind of charts you can setup thru the settings:
• Balanced Waindrops (default): charts with waindrops where the two halfs are of same size.
This is the default chart, just select a period (30m, 60m, 120m, 240m, pick your poison), adjust the histogram ticks and pixels and watch
• Unbalanced Waindrops: chart with waindrops where the two halfs are of different sizes.
Do you trade futures and want to plot a waindrop with the first half for the overnight session and the second half for the cash session? you got it;
just adjust the period to 1860 for any CME ticker (like ES1! for example) adjust the histogram ticks and pixels and watch
• Full Session Volume Profile: chart with waindrops where only the first half plots.
Do you use Volume profile to analize the market? Lucky you, now you can trick this one to plot it, just try a period of 780 on SPY, 2760 on ES1!, or 2880 on EURUSD
remember to adjust the histogram ticks and pixels for each underlying
• Only Bars: charts with only central and vwap bars plotted, simply deactivate the histogram and volume labels
• Only Histogram: charts with only the histogram plotted (volume profile charts), simply deactivate the bars and volume labels
• Only Volume: charts with only the raw volume numbers plotted, simply deactivate the bars and histogram
If you wanna know more about custom full session periods for different asset classes, read the HELP INFO accessible from the settings panel
EXAMPLES
Full Session Volume Profile on MES 5m chart:
Full Session Unbalanced Waindrop on MNQ 2m chart (left side Overnight session, right side Cash Session):
The following examples will have the exact same charts but on four different tickers representing a futures contract, a forex pair, an etf and a stock.
We are doing this to be able to see the different parameters we need for plotting the same kind of chart on different assets
The chart composition is as follows:
• Left side: Volume Labels chart (period 10)
• Upper Right side: Waindrops (period 60)
• Lower Right side: Full Session Volume Profile
The first example will specify the main parameters, the rest of the charts will have only the differences
MES :
• Left: Period size: 10, Bars: uncheck, Histogram: uncheck, Execution window: 1, Ticks per bar: 2, Updates per period: EACH BAR,
Pixels per bar: 4, Volume labels: check, Track price: check
• Upper Right: Period size: 60, Bars: check, Bars color mode: HISTOGRAM, Histogram: check, Execution window: 2, Ticks per bar: 2,
Updates per period: EACH BAR, Pixels per bar: 4, Volume labels: uncheck, Track price: check
• Lower Right: Period size: 2760, Bars: uncheck, Histogram: check, Execution window: 1, Ticks per bar: 1, Updates per period: EACH BAR,
Pixels per bar: 2, Volume labels: uncheck, Track price: check
EURUSD :
• Upper Right: Ticks per bar: 10
• Lower Right: Period size: 2880, Ticks per bar: 1, Pixels per bar: 1
SPY :
• Left: Ticks per bar: 3
• Upper Right: Ticks per bar: 5, Pixels per bar: 3
• Lower Right: Period size: 780, Ticks per bar: 2, Pixels per bar: 2
AAPL :
• Left: Ticks per bar: 2
• Upper Right: Ticks per bar: 6, Pixels per bar: 3
• Lower Right: Period size: 780, Ticks per bar: 1, Pixels per bar: 2
█ THANKS TO
PineCoders for all they do, all the tools and help they provide and their involvement in making a better community
scarf for the idea of coding a waindrops like indicator, I did not know something like that existed at all
All the Pine Coders, Pine Pros and Pine Wizards, people who share their work and knowledge for the sake of it and helping others, I'm very grateful indeed
I'm learning at each step of the way from you all, thanks for this awesome community;
Opensource and shared knowledge: this is the way! (said with canned voice from inside my helmet :D)
█ NOTE
This description was formatted following THIS guidelines
═════════════════════════════════════════════════════════════════════════
I sincerely hope you enjoy reading and using this work as much as I enjoyed developing it :D
GOOD LUCK AND HAPPY TRADING!
Session TimesDescription:
This indicator simply when enabled will draw dashed lines at each of the session openings. This is based on UTC+1 Time. There will be lines at 00:00 & 08:00 (Asian Session), lines at 08:00 & 13:00 (London Session) and finally lines at 13:00 & 00:00 (New York Session).
Potential Use:
There are many ways you could use this indicator to benefit your trading, but the best way I find is that it makes it clear where the previous highs and lows are of a session, which are potential areas you could trade off. Obviously, there are many other ways you can use this to help you.
How The Script Works:
The way the script works isn't too complicated as it is only a short script. Simply it firstly calculates what are the weekdays (Whenever it isn't Saturday or Sunday). Then from there simply finds the times which I mentioned above, and adds a vertical dashed line there.
Future Updates:
In the future I will mainly be looking to make the indicator more customisable. Firstly, I will look to make it so that the user can adjust the times that the lines are drawn at so it still works wherever you are in the world. I would also like to make it so the user can choose the colour of the lines. If you have any other additions you would like added to this, then feel free to message me.
Session breakThis indicator will show future lines before each session start. It will only show London session and US session start.
You can change the color of the lines and time as per day light savings.
Market Swiss KnifeSimple script, helpful to analyse the current conditions of the market and make your own decisions. It's not a signal indicator
* Shows an EMA to help you identify the trend
* Uses the ATR to plot two lines below (current low + ATR) and above (current high - ATR) the current candle. Useful to see whether the market is overextended or find possible targets
* Plots a vertical line showing NY, Tokyo and London session opens
* Includes a position size calculator to calculate your desired lot size (works in forex and gold)
Chart Champions - Part 2 - CCV IBs POCsThank you for sparing you time to read my indicator.
This indicator has been created as a suite of 3. This was to ensure that those with only the Free Trading View account could benefit (with their restriction to 3 indicators). Please ensure you install each indicator and read each indicator write up to fully understand what has tried to achieved.
Chart Champions – Part 1 –Lvls nPOC VWAPS
This indicator is broken down into:
• Levels
• VWAPS
• Naked Point of Control
Levels
It displays the levels to the right of the price Axis to enable the user to have a cleaner chart.
The below levels will automatically appear:
dOpen – pdHigh – pdLow – pdEQ – pwEQ
Optional Levels include:
mOpen – pmOpen – pdOpen – dbyOpen – wOpen – pwOpen
VWAPs
Optional VWAPs
Daily (including pdVWAP close) – Weekly – Monthly
Naked Points of Control (nPOC)
To view the nPOC move the chart back in time to pick up the nPOCs.
Chart Champions – Part 2 – CCV IBs POC
This indicator is broken down into:
• Chart Champions Value
• Initial Balance
• Points of Control
Chart Champions Value (CCV)
CCV is based on the 80% rule of the dOpen opening outside of the pdVAH/pdVAL. Please do you own research to fully understand how this trading strategy works (readily avaliable online).
Initial Balance (IB)
IB is based on the first 60 minutes of the market opening. It captures the highest and lowest points within that 60 minutes. Please do you own research to fully understand how this trading strategy works (readily avaliable online).
Points of Control (POCs)
POC are the price levels where the most volume was traded.
Developing POC (dPOC) will constantly move with volume/price action through out the day.
Optional POCs
Previous Day POC (pdPOC) – Day Before Yesterday POC (dbyPOC)
Chart Champions – Part 3 – Sessions - Manual Input
This indicator is broken down into:
• Manual Inputs (daily, weekly, monthly)
• IGOR SessionsTtimes
• Pre + Market Openings
Manual Input
Daily x3
Weekly x 3
Monthly x 3
This allows the trader to put in specific levels.
IGOR Session Times
This is a user specific requirement to highlight cetain times during the day, displayed at the bottom of the chart in the colour strip.
Pre + Market Openings
This allows the user to see when pre market trading has started and with the live maket has started, displayed at the top of the chart in colours.
A huge thank you goes out to:
Stackoverflow users AnyDozer and Bjorn.
TV user ahancock for allow me use of this code.
Disclaimer the lower the timeframe the more information it processes.
Chart Champions - Part 1 - nPOC - Levels - VWAPsThank you for sparing you time to read my indicator.
This indicator has been created as a suite of 3. This was to ensure that those with only the Free Trading View account could benefit (with their restriction to 3 indicators). Please ensure you install each indicator and read each indicator write up to fully understand what has tried to achieved.
Chart Champions – Part 1 –Lvls nPOC VWAPS
This indicator is broken down into:
• Levels
• VWAPS
• Naked Point of Control
Levels
It displays the levels to the right of the price Axis to enable the user to have a cleaner chart.
The below levels will automatically appear:
dOpen – pdHigh – pdLow – pdEQ – pwEQ
Optional Levels include:
mOpen – pmOpen – pdOpen – dbyOpen – wOpen – pwOpen
VWAPs
Optional VWAPs
Daily (including pdVWAP close) – Weekly – Monthly
Naked Points of Control (nPOC)
To view the nPOC move the chart back in time to pick up the nPOCs.
Chart Champions – Part 2 – CCV IBs POC
This indicator is broken down into:
• Chart Champions Value
• Initial Balance
• Points of Control
Chart Champions Value (CCV)
CCV is based on the 80% rule of the dOpen opening outside of the pdVAH/pdVAL. Please do you own research to fully understand how this trading strategy works (readily avaliable online).
Initial Balance (IB)
IB is based on the first 60 minutes of the market opening. It captures the highest and lowest points within that 60 minutes. Please do you own research to fully understand how this trading strategy works (readily avaliable online).
Points of Control (POCs)
POC are the price levels where the most volume was traded.
Developing POC (dPOC) will constantly move with volume/price action through out the day.
Optional POCs
Previous Day POC (pdPOC) – Day Before Yesterday POC (dbyPOC)
Chart Champions – Part 3 – Sessions - Manual Input
This indicator is broken down into:
• Manual Inputs (daily, weekly, monthly)
• IGOR SessionsTtimes
• Pre + Market Openings
Manual Input
Daily x3
Weekly x 3
Monthly x 3
This allows the trader to put in specific levels.
IGOR Session Times
This is a user specific requirement to highlight cetain times during the day, displayed at the bottom of the chart in the colour strip.
Pre + Market Openings
This allows the user to see when pre market trading has started and with the live maket has started, displayed at the top of the chart in colours.
A huge thank you goes out to:
Stackoverflow users AnyDozer and Bjorn.
TV user ahancock for allow me use of this code.
Disclaimer the lower the timeframe the more information it processes.
VDUB BB %B REVERSAL_v4.2 revised by JustUncleLThis is an revised Open Public version of Vdub Bollinger Band %B reversal indicator. This version includes optional Divergence Finder with selectable channel width, optional Market Session time highlighting and optional Binary Option expiry markers.
My script//@version=5
indicator("XAUUSD High Win-Rate Strategy", shorttitle="XAUUSD HWR", overlay=true)
// ============================================================================
// XAUUSD HIGH WIN-RATE STRATEGY INDICATOR
// Based on Dual-Phase Momentum Filter System
// Designed for M1, M5 timeframes with H1/H4 bias confirmation
// ============================================================================
// Input Parameters
ma_length = input.int(55, title="MA Channel Length", minval=1, maxval=200)
atr_length = input.int(14, title="ATR Length", minval=1, maxval=50)
atr_multiplier = input.float(2.5, title="ATR Stop Loss Multiplier", minval=1.0, maxval=5.0, step=0.1)
rr_ratio = input.float(1.5, title="Risk:Reward Ratio", minval=1.0, maxval=3.0, step=0.1)
htf_bias = input.timeframe("60", title="Higher Timeframe for Bias")
show_levels = input.bool(true, title="Show Entry/Exit Levels")
show_signals = input.bool(true, title="Show Buy/Sell Signals")
show_channel = input.bool(true, title="Show MA Channel")
// ============================================================================
// CORE CALCULATIONS
// ============================================================================
// Moving Average Channel (55-period High/Low)
ma_high = ta.sma(high, ma_length)
ma_low = ta.sma(low, ma_length)
// Heiken Ashi Calculations
ha_close = (open + high + low + close) / 4
var float ha_open = na
ha_open := na(ha_open ) ? (open + close) / 2 : (ha_open + ha_close ) / 2
ha_high = math.max(high, math.max(ha_open, ha_close))
ha_low = math.min(low, math.min(ha_open, ha_close))
// Higher Timeframe Bias (200 SMA)
htf_sma200 = request.security(syminfo.tickerid, htf_bias, ta.sma(close, 200), lookahead=barmerge.lookahead_off)
// ATR for Stop Loss Calculation
atr = ta.atr(atr_length)
// RSI for Additional Confirmation
rsi = ta.rsi(close, 14)
// ============================================================================
// SIGNAL LOGIC
// ============================================================================
// Channel Filter - No trades when price is within the channel
in_channel = close > ma_low and close < ma_high
outside_channel = not in_channel
// Heiken Ashi Color
ha_bullish = ha_close > ha_open
ha_bearish = ha_close < ha_open
// Higher Timeframe Bias
htf_bullish = close > htf_sma200
htf_bearish = close < htf_sma200
// Entry Conditions
long_condition = outside_channel and close > ma_high and ha_bullish and htf_bullish
short_condition = outside_channel and close < ma_low and ha_bearish and htf_bearish
// Entry Signals (only on bar close to avoid repainting)
long_signal = long_condition and not long_condition
short_signal = short_condition and not short_condition
// ============================================================================
// TRADE LEVELS CALCULATION
// ============================================================================
var float entry_price = na
var float stop_loss = na
var float take_profit = na
var string trade_direction = na
// Calculate levels for new signals
if long_signal
entry_price := close
stop_loss := close - (atr * atr_multiplier)
take_profit := close + ((close - stop_loss) * rr_ratio)
trade_direction := "LONG"
if short_signal
entry_price := close
stop_loss := close + (atr * atr_multiplier)
take_profit := close - ((stop_loss - close) * rr_ratio)
trade_direction := "SHORT"
// ============================================================================
// VISUAL ELEMENTS
// ============================================================================
// MA Channel - Store plot IDs for fill function
ma_high_plot = plot(show_channel ? ma_high : na, color=color.blue, linewidth=1, title="MA High")
ma_low_plot = plot(show_channel ? ma_low : na, color=color.red, linewidth=1, title="MA Low")
// Fill the channel
fill(ma_high_plot, ma_low_plot, color=color.new(color.gray, 90), title="MA Channel")
// Higher Timeframe SMA200
plot(htf_sma200, color=color.purple, linewidth=2, title="HTF SMA200")
// Entry Signals
plotshape(show_signals and long_signal, title="Long Signal", location=location.belowbar,
style=shape.triangleup, size=size.normal, color=color.green)
plotshape(show_signals and short_signal, title="Short Signal", location=location.abovebar,
style=shape.triangledown, size=size.normal, color=color.red)
// Trade Levels
entry_plot = plot(show_levels and not na(entry_price) ? entry_price : na,
color=color.yellow, linewidth=2, style=line.style_dashed, title="Entry Price")
stop_plot = plot(show_levels and not na(stop_loss) ? stop_loss : na,
color=color.red, linewidth=2, style=line.style_dotted, title="Stop Loss")
target_plot = plot(show_levels and not na(take_profit) ? take_profit : na,
color=color.green, linewidth=2, style=line.style_dotted, title="Take Profit")
// ============================================================================
// ALERTS
// ============================================================================
// Alert Conditions
alertcondition(long_signal, title="Long Entry Signal",
message="XAUUSD Long Entry: Price={{close}}, SL=" + str.tostring(stop_loss) + ", TP=" + str.tostring(take_profit))
alertcondition(short_signal, title="Short Entry Signal",
message="XAUUSD Short Entry: Price={{close}}, SL=" + str.tostring(stop_loss) + ", TP=" + str.tostring(take_profit))
// ============================================================================
// INFORMATION TABLE
// ============================================================================
if barstate.islast and show_levels
var table info_table = table.new(position.top_right, 2, 8, bgcolor=color.white, border_width=1)
table.cell(info_table, 0, 0, "XAUUSD Strategy Info", text_color=color.black, text_size=size.normal)
table.cell(info_table, 1, 0, "", text_color=color.black)
table.cell(info_table, 0, 1, "Current Price:", text_color=color.black)
table.cell(info_table, 1, 1, str.tostring(close, "#.##"), text_color=color.black)
table.cell(info_table, 0, 2, "ATR (14):", text_color=color.black)
table.cell(info_table, 1, 2, str.tostring(atr, "#.##"), text_color=color.black)
table.cell(info_table, 0, 3, "RSI (14):", text_color=color.black)
table.cell(info_table, 1, 3, str.tostring(rsi, "#.##"), text_color=color.black)
table.cell(info_table, 0, 4, "HTF Bias:", text_color=color.black)
table.cell(info_table, 1, 4, htf_bullish ? "BULLISH" : "BEARISH",
text_color=htf_bullish ? color.green : color.red)
table.cell(info_table, 0, 5, "In Channel:", text_color=color.black)
table.cell(info_table, 1, 5, in_channel ? "YES" : "NO",
text_color=in_channel ? color.red : color.green)
if not na(trade_direction)
table.cell(info_table, 0, 6, "Last Signal:", text_color=color.black)
table.cell(info_table, 1, 6, trade_direction,
text_color=trade_direction == "LONG" ? color.green : color.red)
table.cell(info_table, 0, 7, "Risk/Reward:", text_color=color.black)
table.cell(info_table, 1, 7, "1:" + str.tostring(rr_ratio, "#.#"), text_color=color.black)
// ============================================================================
// BACKGROUND COLORING
// ============================================================================
// Color background based on trend and channel status
bg_color = color.new(color.white, 100)
if htf_bullish and not in_channel
bg_color := color.new(color.green, 95)
else if htf_bearish and not in_channel
bg_color := color.new(color.red, 95)
else if in_channel
bg_color := color.new(color.yellow, 95)
bgcolor(bg_color, title="Background Trend Color")
// ============================================================================
// STRATEGY NOTES
// ============================================================================
// This indicator implements the Dual-Phase Momentum Filter System:
// 1. MA Channel Filter: Avoids trades when price is between 55-period high/low MAs
// 2. Heiken Ashi Confirmation: Requires momentum alignment for entries
// 3. Higher Timeframe Bias: Uses 200 SMA on higher timeframe for direction
// 4. ATR-based Risk Management: Dynamic stop losses based on volatility
// 5. Fixed Risk:Reward Ratio: Consistent 1:1.5 profit targets
//
// Usage Instructions:
// 1. Apply to M1 or M5 timeframe for optimal signals
// 2. Set higher timeframe to H1 or H4 for bias confirmation
// 3. Wait for signals outside the MA channel
// 4. Enter trades only when all conditions align
// 5. Use provided stop loss and take profit levels
// 6. Risk no more than 0.5% of account per trade
//
// Best Trading Sessions: Asian and New York
// Avoid: Low liquidity periods and major news events
Recent Session High Low Marker - SimpleDescription:
This Pine Script marks the high and low points of the most recent trading sessions: Asian, London, and New York.
Asian Session: From 19:00 to 21:00 New York time (UTC-4).
London Session: From 02:00 to 05:00 New York time (UTC-4).
New York Session: From 07:00 to 10:00 New York time (UTC-4).
For each session, the script draws two lines:
One for the high of the session.
One for the low of the session.
The lines are drawn horizontally across the chart, making them easy to spot. Each session is marked by two lines with specific colors:
Orange for the Asian session.
Blue for the London session.
Purple for the New York session.
The lines are dynamically updated during the active session, and they will reset when the next session begins. The width of the lines is set to 2 to ensure they are visible without being too thick.
Credits:
Script created by Jdv.
ORB-HL1. Opening Range Detection
Automatically calculates the high and low of the first 15 minutes after the selected session opens.
Supported sessions:
New York (Futures): 08:30–08:45 EST
New York (Equities): 09:30–09:45 EST
London: 03:00–03:15 GMT
Asia: 19:00–19:15 JST
Plots ORB high/low lines for the rest of the day.
2. Breakout Signals
Highlights the first valid breakout above or below the ORB range on the:
5-minute timeframe
15-minute timeframe
Green arrows = breakout up (long)
Red arrows = breakout down (short)
3. 1-Minute Projection
When a breakout is confirmed on a higher timeframe (5m or 15m), a projection label (e.g., "5m", "15m") appears on the 1-minute chart.
Purple label = 5m breakout
Teal label = 15m breakout
Helps you confirm momentum in real time while on the 1-minute chart.
4. Trailing Stop System
Uses ATR to create an adaptive trailing stop after breakout.
Turns green when price is above stop (bullish), red when below (bearish).
Optional Buy / Sell signal labels appear on crossover events.
5. Session High/Low Visualization
Tracks and displays the previous session’s High and Low for:
Tokyo
London
New York
Lines extend into the current session to act as S/R reference.
Labels like "NY High", "Asia Low" are placed at the end of each line.
6. Alerts
Built-in alerts for:
First 5m or 15m breakout (long/short)
Trailing stop Buy/Sell crossover
7. Customization Options
Turn session H/L lines on/off per session
Customize projection visibility
Adjust ATR period and sensitivity
Set how far each session line extends using bar offsets
Enhanced Volume Trend Indicator with BB SqueezeEnhanced Volume Trend Indicator with BB Squeeze: Comprehensive Explanation
The visualization system allows traders to quickly scan multiple securities to identify high-probability setups without detailed analysis of each chart. The progression from squeeze to breakout, supported by volume trend confirmation, offers a systematic approach to identifying trading opportunities.
The script combines multiple technical analysis approaches into a comprehensive dashboard that helps traders make informed decisions by identifying high-probability setups while filtering out noise through its sophisticated confirmation requirements. It combines multiple technical analysis approaches into an integrated visual system that helps traders identify potential trading opportunities while filtering out false signals.
Core Features
1. Volume Analysis Dashboard
The indicator displays various volume-related metrics in customizable tables:
AVOL (After Hours + Pre-Market Volume): Shows extended hours volume as a percentage of the 21-day average volume with color coding for buying/selling pressure. Green indicates buying pressure and red indicates selling pressure.
Volume Metrics: Includes regular volume (VOL), dollar volume ($VOL), relative volume compared to 21-day average (RVOL), and relative volume compared to 90-day average (RVOL90D).
Pre-Market Data: Optional display of pre-market volume (PVOL), pre-market dollar volume (P$VOL), pre-market relative volume (PRVOL), and pre-market price change percentage (PCHG%).
2. Enhanced Volume Trend (VTR) Analysis
The Volume Trend indicator uses adaptive analysis to evaluate buying and selling pressure, combining multiple factors:
MACD (Moving Average Convergence Divergence) components
Volume-to-SMA (Simple Moving Average) ratio
Price direction and market conditions
Volume change rates and momentum
EMA (Exponential Moving Average) alignment and crossovers
Volatility filtering
VTR Visual Indicators
The VTR score ranges from 0-100, with values above 50 indicating bullish conditions and below 50 indicating bearish conditions. This is visually represented by colored circles:
"●" (Filled Circle):
Green: Strong bullish trend (VTR ≥ 80)
Red: Strong bearish trend (VTR ≤ 20)
"◯" (Hollow Circle):
Green: Moderate bullish trend (VTR 65-79)
Red: Moderate bearish trend (VTR 21-35)
"·" (Small Dot):
Green: Weak bullish trend (VTR 55-64)
Red: Weak bearish trend (VTR 36-45)
"○" (Medium Hollow Circle): Neutral conditions (VTR 46-54), shown in gray
In "Both" display mode, the VTR shows both the numerical score (0-100) alongside the appropriate circle symbol.
Enhanced VTR Settings
The Enhanced Volume Trend component offers several advanced customization options:
Adaptive Volume Analysis (volTrendAdaptive):
When enabled, dynamically adjusts volume thresholds based on recent market volatility
Higher volatility periods require proportionally higher volume to generate significant signals
Helps prevent false signals during highly volatile markets
Keep enabled for most trading conditions, especially in volatile markets
Speed of Change Weight (volTrendSpeedWeight, range 0-1):
Controls emphasis on volume acceleration/deceleration rather than absolute levels
Higher values (0.7-1.0): More responsive to new volume trends, better for momentum trading
Lower values (0.2-0.5): Less responsive, better for trend following
Helps identify early volume trends before they fully develop
Momentum Period (volTrendMomentumPeriod, range 2-10):
Defines lookback period for volume change rate calculations
Lower values (2-3): More responsive to recent changes, better for short timeframes
Higher values (7-10): Smoother, better for daily/weekly charts
Directly affects how quickly the indicator responds to new volume patterns
Volatility Filter (volTrendVolatilityFilter):
Adjusts significance of volume by factoring in current price volatility
High volume during high volatility receives less weight
High volume during low volatility receives more weight
Helps distinguish between genuine volume-driven moves and volatility-driven moves
EMA Alignment Weight (volTrendEmaWeight, range 0-1):
Controls importance of EMA alignments in final VTR calculation
Analyzes multiple EMA relationships (5, 10, 21 period)
Higher values (0.7-1.0): Greater emphasis on trend structure
Lower values (0.2-0.5): More focus on pure volume patterns
Display Mode (volTrendDisplayMode):
"Value": Shows only numerical score (0-100)
"Strength": Shows only symbolic representation
"Both": Shows numerical score and symbol together
3. Bollinger Band Squeeze Detection (SQZ)
The BB Squeeze indicator identifies periods of low volatility when Bollinger Bands contract inside Keltner Channels, often preceding significant price movements.
SQZ Visual Indicators
"●" (Filled Circle): Strong squeeze - high probability setup for an impending breakout
Green: Strong squeeze with bullish bias (likely upward breakout)
Red: Strong squeeze with bearish bias (likely downward breakout)
Orange: Strong squeeze with unclear direction
"◯" (Hollow Circle): Moderate squeeze - medium probability setup
Green: With bullish EMA alignment
Red: With bearish EMA alignment
Orange: Without clear directional bias
"-" (Dash): Gray dash indicates no squeeze condition (normal volatility)
The script identifies squeeze conditions through multiple methods:
Bollinger Bands contracting inside Keltner Channels
BB width falling to bottom 20% of recent range (BB width percentile)
Very narrow Keltner Channel (less than 5% of basis price)
Tracking squeeze duration in consecutive bars
Different squeeze strengths are detected:
Strong Squeeze: BB inside KC with tight BB width and narrow KC
Moderate Squeeze: BB inside KC with either tight BB width or narrow KC
No Squeeze: Normal market conditions
4. Breakout Detection System
The script includes two breakout indicators working in sequence:
4.1 Pre-Breakout (PBK) Indicator
Detects potential upcoming breakouts by analyzing multiple factors:
Squeeze conditions lasting 2-3 bars or more
Significant price ranges
Strong volume confirmation
EMA/MACD crossovers
Consistent price direction
PBK Visual Indicators
"●" (Filled Circle): Detected pre-breakout condition
Green: Likely upward breakout (bullish)
Red: Likely downward breakout (bearish)
Orange: Direction not yet clear, but breakout likely
"-" (Dash): Gray dash indicates no pre-breakout condition
The PBK uses sophisticated conditions to reduce false signals including minimum squeeze length, significant price movement, and technical confirmations.
4.2 Breakout (BK) Indicator
Confirms actual breakouts in progress by identifying:
End of squeeze or strong expansion of Bollinger Bands
Volume expansion
Price moving outside Bollinger Bands
EMA crossovers with volume confirmation
MACD crossovers with significant price range
BK Visual Indicators
"●" (Filled Circle): Confirmed breakout in progress
Green: Upward breakout (bullish)
Red: Downward breakout (bearish)
Orange: Unusual breakout pattern without clear direction
"◆" (Diamond): Special breakout conditions (meets some but not all criteria)
"-" (Dash): Gray dash indicates no breakout detected
The BK indicator uses advanced filters for confirmation:
Requires consecutive breakout signals to reduce false positives
Strong volume confirmation requirements (40% above average)
Significant price movement thresholds
Consistency checks between price action and indicators
5. Market Metrics and Analysis
Price Change Percentage (CHG%)
Displays the current percentage change relative to the previous day's close, color-coded green for positive changes and red for negative changes.
Average Daily Range (ADR%)
Calculates the average daily percentage range over a specified period (default 20 days), helping traders gauge volatility and set appropriate price targets.
Average True Range (ATR)
Shows the Average True Range value, a volatility indicator developed by J. Welles Wilder that measures market volatility by decomposing the entire range of an asset price for that period.
Relative Strength Index (RSI)
Displays the standard 14-period RSI, a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100.
6. External Market Indicators
QQQ Change
Shows the percentage change in the Invesco QQQ Trust (tracking the Nasdaq-100 Index), useful for understanding broader tech market trends.
UVIX Change
Displays the percentage change in UVIX, a volatility index, providing insight into market fear and potential hedging activity.
BTC-USD
Shows the current Bitcoin price from Coinbase, useful for traders monitoring crypto correlation with equities.
Market Breadth (BRD)
Calculates the percentage difference between ATHI.US and ATLO.US (high vs. low securities), indicating overall market direction and strength.
7. Session Analysis and Volume Direction
Session Detection
The script accurately identifies different market sessions:
Pre-market: 4:00 AM to 9:30 AM
Regular market: 9:30 AM to 4:00 PM
After-hours: 4:00 PM to 8:00 PM
Closed: Outside trading hours
This detection works on any timeframe through careful calculation of current time in seconds.
Buy/Sell Volume Direction
The script analyzes buying and selling pressure by:
Counting up volume when close > open
Counting down volume when close < open
Tracking accumulated volume within the day
Calculating intraday pressure (up volume minus down volume)
Enhanced AVOL Calculation
The improved AVOL calculation works in all timeframes by:
Estimating typical pre-market and after-hours volume percentages
Combining yesterday's after-hours with today's pre-market volume
Calculating this as a percentage of the 21-day average volume
Determining buying/selling pressure by analyzing after-hours and pre-market price changes
Color-coding results: green for buying pressure, red for selling pressure
This calculation is particularly valuable because it works consistently across any timeframe.
Customization Options
Display Settings
The dashboard has two customizable tables: Volume Table and Metrics Table, with positions selectable as bottom_left or bottom_right.
All metrics can be individually toggled on/off:
Pre-market data (PVOL, P$VOL, PRVOL, PCHG%)
Volume data (AVOL, RVOL Day, RVOL 90D, Volume, SEED_YASHALGO_NSE_BREADTH:VOLUME )
Price metrics (ADR%, ATR, RSI, Price Change%)
Market indicators (QQQ, UVIX, Breadth, BTC-USD)
Analysis indicators (Volume Trend, BB Squeeze, Pre-Breakout, Breakout)
These toggle options allow traders to customize the dashboard to show only the metrics they find most valuable for their trading style.
Table and Text Customization
The dashboard's appearance can be customized:
Table background color via tableBgColor
Text color (White or Black) via textColorOption
The indicator uses smart formatting for volume and price values, automatically adding appropriate suffixes (K, M, B) for readability.
MACD Configuration for VTR
The Volume Trend calculation incorporates MACD with customizable parameters:
Fast Length: Controls the period for the fast EMA (default 3)
Slow Length: Controls the period for the slow EMA (default 9)
Signal Length: Controls the period for the signal line EMA (default 5)
MACD Weight: Controls how much influence MACD has on the volume trend score (default 0.3)
These settings allow traders to fine-tune how momentum is factored into the volume trend analysis.
Bollinger Bands and Keltner Channel Settings
The Bollinger Bands and Keltner Channels used for squeeze detection have preset (hidden) parameters:
BB Length: 20 periods
BB Multiplier: 2.0 standard deviations
Keltner Length: 20 periods
Keltner Multiplier: 1.5 ATR
These settings follow standard practice for squeeze detection while maintaining simplicity in the user interface.
Practical Trading Applications
Complete Trading Strategies
1. Squeeze Breakout Strategy
This strategy combines multiple components of the indicator:
Wait for a strong squeeze (SQZ showing ●)
Look for pre-breakout confirmation (PBK showing ● in green or red)
Enter when breakout is confirmed (BK showing ● in same direction)
Use VTR to confirm volume supports the move (VTR ≥ 65 for bullish or ≤ 35 for bearish)
Set profit targets based on ADR (Average Daily Range)
Exit when VTR begins to weaken or changes direction
2. Volume Divergence Strategy
This strategy focuses on the volume trend relative to price:
Identify when price makes a new high but VTR fails to confirm (divergence)
Look for VTR to show weakening trend (● changing to ◯ or ·)
Prepare for potential reversal when SQZ begins to form
Enter counter-trend position when PBK confirms reversal direction
Use external indicators (QQQ, BTC, Breadth) to confirm broader market support
3. Pre-Market Edge Strategy
This strategy leverages pre-market data:
Monitor AVOL for unusual pre-market activity (significantly above 100%)
Check pre-market price change direction (PCHG%)
Enter position at market open if VTR confirms direction
Use SQZ to determine if volatility is likely to expand
Exit based on RVOL declining or price reaching +/- ADR for the day
Market Context Integration
The indicator provides valuable context for trading decisions:
QQQ change shows tech market direction
BTC price shows crypto market correlation
UVIX change indicates volatility expectations
Breadth measurement shows market internals
This context helps traders avoid fighting the broader market and align trades with overall market direction.
Timeframe Optimization
The indicator is designed to work across different timeframes:
For day trading: Focus on AVOL, VTR, PBK/BK, and use shorter momentum periods
For swing trading: Focus on SQZ duration, VTR strength, and broader market indicators
For position trading: Focus on larger VTR trends and use EMA alignment weight
Advanced Analytical Components
Enhanced Volume Trend Score Calculation
The VTR score calculation is sophisticated, with the base score starting at 50 and adjusting for:
Price direction (up/down)
Volume relative to average (high/normal/low)
Volume acceleration/deceleration
Market conditions (bull/bear)
Additional factors are then applied, including:
MACD influence weighted by strength and direction
Volume change rate influence (speed)
Price/volume divergence effects
EMA alignment scores
Volatility adjustments
Breakout strength factors
Price action confirmations
The final score is clamped between 0-100, with values above 50 indicating bullish conditions and below 50 indicating bearish conditions.
Anti-False Signal Filters
The indicator employs multiple techniques to reduce false signals:
Requiring significant price range (minimum percentage movement)
Demanding strong volume confirmation (significantly above average)
Checking for consistent direction across multiple indicators
Requiring prior bar consistency (consecutive bars moving in same direction)
Counting consecutive signals to filter out noise
These filters help eliminate noise and focus on high-probability setups.
MACD Enhancement and Integration
The indicator enhances standard MACD analysis:
Calculating MACD relative strength compared to recent history
Normalizing MACD slope relative to volatility
Detecting MACD acceleration for stronger signals
Integrating MACD crossovers with other confirmation factors
EMA Analysis System
The indicator uses a comprehensive EMA analysis system:
Calculating multiple EMAs (5, 10, 21 periods)
Detecting golden cross (10 EMA crosses above 21 EMA)
Detecting death cross (10 EMA crosses below 21 EMA)
Assessing price position relative to EMAs
Measuring EMA separation percentage
Recent Enhancements and Evolution
Version 5.2 includes several improvements:
Enhanced AVOL to show buying/selling direction through color coding
Improved VTR with adaptive analysis based on market conditions
AVOL display now works in all timeframes through sophisticated estimation
Removed animal symbols and streamlined code with bright colors for better visibility
Improved anti-false signal filters throughout the system
Optimizing Indicator Settings
For Different Market Types
Range-Bound Markets:
Lower EMA Alignment Weight (0.2-0.4)
Higher Speed of Change Weight (0.8-1.0)
Focus on SQZ and PBK signals for breakout potential
Trending Markets:
Higher EMA Alignment Weight (0.7-1.0)
Moderate Speed of Change Weight (0.4-0.6)
Focus on VTR strength and BK confirmations
Volatile Markets:
Enable Volatility Filter
Enable Adaptive Volume Analysis
Lower Momentum Period (2-3)
Focus on strong volume confirmation (VTR ≥ 80 or ≤ 20)
For Different Asset Classes
Equities:
Standard settings work well
Pay attention to AVOL for gap potential
Monitor QQQ correlation
Futures:
Consider higher Volume/RVOL weight
Reduce MACD weight slightly
Pay close attention to SQZ duration
Crypto:
Higher volatility thresholds may be needed
Monitor BTC price for correlation
Focus on stronger confirmation signals
Integrated Visual System for Trading Decisions
The colored circle indicators create an intuitive visual system for quick market assessment:
Progression Sequence: SQZ (Squeeze) → PBK (Pre-Breakout) → BK (Breakout)
This sequence often occurs in order, with the squeeze leading to pre-breakout conditions, followed by an actual breakout.
VTR (Volume Trend): Provides context about the volume supporting these movements.
Color Coding: Green for bullish conditions, red for bearish conditions, and orange/gray for neutral or undefined conditions.
Session Highs and Lows IndicatorSession Highs and Lows Indicator
This indicator automatically tracks and displays the High and Low prices for major trading sessions:
London
New York
Asia
New York Close
For each session, it plots:
A label at the highest and lowest price point reached during the session.
A dashed line showing the high and low levels extended to the right (until the current bar), helping traders visualize key support/resistance zones.
You can toggle visibility for each session individually through the settings panel.
Session times are set in GMT+8, but you can adjust them in the code if needed.
Color code:
London: Blue
New York: Red
Asia: Green
New York Close: Orange
All lines and labels are semi-transparent to avoid chart clutter.
Ideal for intraday and session-based trading strategies.
Timezone Highlight v1.0Features Explained:
Customizable Time Settings:
Easily adjust the opening and closing times for each session to fit your local time zone or trading preferences.
Color-Coded Sessions:
New York : Blue
London : Yellow
Tokyo : Red
Sydney : Green
You can modify the colors or transparency in the script.
Dynamic Highlighting:
Automatically highlights the active trading session based on the current time.
This Pine Script is user-friendly and designed to provide immediate visual insights into global market activity. Let me know if you need further enhancements!
Its my first script so please don't be too strict!
Number of Bars CheatSheetA regular trading day on the New York Stock Exchange (NYSE) consists of two main sessions: the Opening Auction and the Closing Auction, separated by a continuous trading session. Here's a breakdown of the trading day:
1. **Pre-Opening Session**: This session starts at 4:00 AM Eastern Time (ET) and lasts until 9:30 AM ET. During this time, there is limited trading activity, and orders can be entered and canceled. However, most of the trading activity doesn't occur until the regular trading session begins.
2. **Regular Trading Session**: The regular trading session on the NYSE starts at 9:30 AM ET and lasts until 4:00 PM ET. This is the primary trading session where the majority of price bars are formed.
3. **Closing Auction**: After the regular trading session ends at 4:00 PM ET, there is a closing auction period that typically lasts until 4:10 PM ET. During this time, there is a final price discovery process where orders are matched to determine the closing price for each security.
So, during the regular trading session, which is the main focus for most traders and investors, there are a total of 6.5 hours of trading. Trading occurs continuously during this time, with price bars being formed based on the time frame you're looking at. The most common time frames for price bars are one minute, five minutes, 15 minutes, 30 minutes, and one hour, among others. Therefore, the number of price bars in a regular trading day on the NYSE will depend on the time frame you are using for your analysis. For example, if you are using one-minute bars, there will be 6.5 x 60 = 390 price bars in a regular trading day.
Default Strategy Inputs (Forex / Crypto)The code in this post contains a set of default strategy inputs I use in new projects / backtests in Tradingview.
Full code commentary is available on the Backtest-Rookies website. To comply with house rules, I cannot post the direct link here.
Features
Trade Direction: So that you can limit the strategy for long only, short only or trade in both directions. It is important to note that when you select “Long Only”, you will still see Short signals on the chart. However, they are only used to close a position rather than reverse it. This is the default behaviour for strategies. The same applies to “Short Only”.
Date Ranges: So that you can isolate backtesting to specific periods of interest such as bull or bear markets.
Sessions: So you can easily get an idea of the expected results during your own session. You may also notice that performance of the strategy varies depending on which session it is deployed in.
Some example stop losses: It is not an exhaustive list but it should be enough to provide some inspiration for different types of stops that you can experiment with.
Happy Scripting. I hope the community finds it useful.
