Donchian Channels+Standard Donchian Channels, this includes a Trend EMA which can be configured and the channels will use to give buy and sell signals. The channels are also colored in such a way to indicate a trend reversals. My favorite part that sets this apart from others is, if using the bClose option (which I recommend you do) the trend will not reverse until there is a close above/below the previous channel high/low. i.e. a reversal into an uptrend requires the current bar to close above the previous upper channel rather than just a new high.
The coloring of the current trend allows for a quick read of current market conditions and I use this on any timeframe across all forms of charts (forex stock, futures , crypto, etc). When taking one of the signals I use the opposite channel as the stop loss (when buying use bottom, and selling use top channel)
Update 1:
- Added my name to the code
- Updated the picture to show off the indicator better
- Raised the brightness of the fill color a bit, looks nicer I think
As a warning: I have obviously hand picked this picture to really show off this indicator's power to work in a trending market. Donchian Channels are a trending indicator and work best in trending markets with decent pull backs. If there are multiple signals going in each direction, it is a choppy market and you should stay out until it starts trending again. I generally use a 1:1.5 risk to reward ratio but sometimes will stretch it to 1:2 if it is a nice trade and I feel the market is in my favor as you can see from the trades placed in the picture (and I use that method for any commodity / chart and timeframe). I use the close of the white candle and then (since they are trades going short) I use the upper Donchian Channel as my stop loss.
I personally like to have the lines and labels turned off and enable all other options. Labels are just there to really stand out so you don't miss the white candle indication for a trade. OH! Also, I've had comments from friends that the white candles are hard to see, I turn off my candle borders in settings; makes it super easy to see them then. I turn lines off as the fill does the job well enough and it seems cleaner in my eyes.
If you'd like to see this picture on your chart, it is Micro E-Mini S&P 500 Futures from July 10, 2022 @ 18:00 on the 1-min chart.
just now
Update 2:
- Added day trading time highlights
- Added ranging market indicator (This I'm still working on so use at your own discretion, it's intended purpose is to tell when the Donchian Channels are not going to give great signals and to use a ranging indicator instead)
- Added multi-timeframe trend screener (handy if you want to quickly see the trend direction (based on the Trend EMA you set) of several time frames without having to change charts). It will draw in the bottom right of the chart.
在腳本中搜尋"stop loss"
Zero Lag Detrended Price Oscillator (ZL DPO)This indicator attempts to create a zero lag Detrended price oscillator using 2 different scripts. I actually really like the results so far. I hope you all find it useful too.
Green>Red = long
Red>Green = short
The lines on the example chart are some of the signals that the indicator gave on default settings.
The greens are wins, reds are outright losses, and blues are "scratch" trades(signal for other side before hitting stop loss).
All of the signals tested were using NNFX money management to see if they are wins or losses(1.5x atr for SL and 1 Atr for TP).
Elliot wave : Wave 3 finder This indicator built for find wave 3 of elliot wave and It also calculate risk reward ratio, minimum target for wave 3 extention and stop loss.
------------ How to use -------------
1. Add this indicator on your chart.
2. If you asset are follow Condition*, buy label with risk reward ratio, Target price and Stop loss will pop up.
*Condition
-50% rebound from the end of wave 2.
-Indicator can detect wave 0, 1 and 2.
If you find any problem please leave comment.
SRG Fibs SmoothedPLEASE READ: HOW TO UNDERSTAND HOW THIS INDICATOR WORKS FOR ME!
Why did I code this?
I never know where is the best place to buy
Sometimes I get greedy and just don't want to sell...
I want to protect myself from losses and still be able to make some trades
What does this do?
This script plots Fibonacci levels dynamically according to a specified length
It also has a smooting value so it looks a bit more clean (and allows for dynamic trailing stop loss)
Internal Fib levels allow to plot fibonacci levels between each main level (scalpers and day traders should be happy with this)
Fib Projection toggle so we can have "the same behaviour" during aggressive Bull Runs.
How to test this thing?
BTC USD Daily chart
For starters, use the following settings:
- Length: 365 (lookback of a full year)
- Smooth: 56 (8 week period)
- Inter Fib levels: OFF
- Fib projection: OFF
Have a look into the chart and check some support/resistance zones. Also check the behaviour of the indicator during the 2021 Jan -> Mar bull run (we will need it later)
If you like to check different time frames. Use these settings:
- Indicator Timeframe: 4 hours
- Length: 2190 (1 year)
- Smooth: 336 (8 weeks)
- Inter Fib Levels: ON
- Fib Projection: OFF
You can now test the chart using the 2H timeframe to see the movement, and how the Internal Fib levels work
Now as we're getting bullish:
- Indicator Timeframe: 4 hours
- Length: 2190 (1 year)
- Smooth: 336 (8 weeks)
- Inter Fib Levels: OFF
- Fib Projection: ON
You can now check the behaviour of the indicator during the 2021 Jan - Mar Bullrun in the 2H or 4H chart, to see some stop loss magic.
Ticker SummaryTicker Summary provides at-a-glance summary information about a ticker near the current bar on the chart:
P/E ratio
Fwd P/E ratio
PEG ratio
Floating shares vs. total shares outstanding
% of trading volume that was short over the last 3 days
Average True Range (ATR) over last 14 days
There are a few less common items of information:
How many ATR multiples the ATR is extended over the last 10 bars. This gives an idea of how far the stock is currently extended.
"R-frequency", explained below.
An optional "ATR Reticule" is shown near the price. This is useful for traders that use ATR as a guideline for price targets and stop losses. On the left is the # of ATRs the stock is currently above the session open. On the right is the # of ATRs the stock is extended above the 10-bar moving average.
R-frequency: a measure of liquidity relevant to your own trading size. It is the frequency at which 1-R of your trading account is traded for a stock. Formula:
(1-R worth of shares) / (average dollar value traded per second), where:
"1-R worth of shares" is how many shares you would buy for a stop loss of -1 ATR, with max risk dollar value based on the Balance and Max Risk % indicator options.
"Average dollar value traded per second" is the 14-day average of (avg(high, low and close) * daily volume)
R-frequency of a second or less is very liquid. If the value is higher (for example, over 60 seconds) the stock is less liquid and you may have some trouble filling limit orders quickly.
TradePro Parabolic SAR BackgroundTradePro Parabolic SAR Background
This indicator is a small tribute to youtuber TradePro
The operation is simple. It is the same Parabolic SAR indicator with its default configuration, but in background format. It is a new way to visualize the same information, more understandably. It is in itself a complete trading system, it can be used in conjunction with the traditional Parabolic SAR to locate the stop loss.
Parabolic SAR
In stock and securities market technical analysis, parabolic SAR (parabolic stop and reverse) is a method devised by J. Welles Wilder, Jr., to find potential reversals in the market price direction of traded goods such as securities or currency exchanges such as forex. It is a trend-following (lagging) indicator and may be used to set a trailing stop loss or determine entry or exit points based on prices tending to stay within a parabolic curve during a strong trend.
Similar to option theory's concept of time decay, the concept draws on the idea that "time is the enemy". Thus, unless a security can continue to generate more profits over time, it should be liquidated. The indicator generally works only in trending markets, and creates "whipsaws" during ranging or, sideways phases. Therefore, Wilder recommends first establishing the direction or change in direction of the trend through the use of parabolic SAR, and then using a different indicator such as the Average Directional Index to determine the strength of the trend.
A parabola below the price is generally bullish, while a parabola above is generally bearish. A parabola below the price may be used as support, whereas a parabola above the price may represent resistance.
Supertrend with Percent Difference from CloseThis script improves the Supertrend indicator by displaying a label that shows the percent difference between the latest closing price & the Supertrend.
This comes in handy when one is using the Supertrend value as a stoploss level. For instance, one would like to have a maximum stop loss level of 8%. Instead of calculating how much percent the price is away from the Supertrend, one can look at the percent label & make an informed decision as to whether initiating a position would have favourable risk/reward or not.
Another utility would be selling into strength when one is using the Supertrend as a trailing stop loss. For instance, if the price is a certain percentage far away from the Supertrend, one may conclude that the price is now extended & either price correction or time correction would ensue, & decide to sell into strength.
Tipsy EMA Tipsy EMA
v0.2a
Coded by vaidab.
A simple strategy to buy dips in an uptrend.
How to use:
- buy on trend when price retraces to the orange "buy" line and compound orders
- sell when price reaches red line (stop loss) or at 💰 (take profit)
Note that you can reverse trade on the 💰 sign for a short scalp / day trade.
Uptrend: green/red background. Danger zone: orange bg. No go zone: no bg.
Potential buys (in a clear trend): 55, 100, 200 EMA touches and
fibo retracements to .382 and .618.
Potential stop loss: when price breaks the 200 EMA (marked by a red line).
Exit signs: opposite trend divergences (RSI).
Take profit: EMA 55 crossing down EMA 100.
Use it in confluence with market structure. E.g. If 200 EMA ligns up with
past market structure, if there are whole numbers or if there's a monthly level.
Tested BTCUSDT D, 4H
Relative VolumeVolume can be a very useful tool if used correctly. Relative volume is designed to filter out the noise and highlight anomalies assisting traders in tracking institutional movements. This tool can be used to identify stop loss hunters and organized dumps. It uses a variety of moving averages to hide usual activity and features an LSMA line to show trend. Trend columns are shown to highlight activity and can be seen at bottom of the volume columns, this is done using ZLSMA and LSMA.
The above chart shows an example of 2 indicators being used on the 15 min chart. The bottom indicator is set to the 1 min chart. Traders can see a large dump on the 1 min chart as institutions wipe out any tight stop losses. Next they buy back in scooping up all those long positions.
This is an example layout using a split screen setup and multiple timeframes ranging from 1 min to 30 mins. This gives a clear indication of trends and make it easy to pickup on institutional behaviour. Tip: Double clicking indicator background will maximize RVOL to the split screen window.
Double DojiStrategy Kiss = 'Keep It Simple, Stupid' or 'Keep It Simple, Smart'
The script simply identifies 2 consecutive Doji candles, and calculates Target on both the sides for given Reward : Risk factor.
The High-Low to Open-Close ratio is set to default value 20. The Reward : Risk ratio is of default value 2.
Both can be set to values of your choice.
Accuracy best on Daily chart. Can be tried on any timeframe though.
Trading Rules: Buy at higher / Short at lower of the 2 candles, with other as Stop Loss.
If a Stop Loss is hit, go for reverse trade. If again a SL is hit, switch to other instrument.
Important: If trading in Futures and target is achieved, hedge the position by buying an option (subject to liquidity).
Reason is, the trend may condition to any extent and you would definitely not want to miss out the whole action.
Check the shared example. For a risk to 175 points, reward is 2200+ points (more than 12.5 times).
Forex Scalp Triggersthe triggers only work to tell you go back 5 candles on 5 min, take either lowest or highest plus 3 pips and make entry and go 3 pip over under trigger for stop loss. can take half profit at 1x and move stop to break even and go 1x more for take rest profit, or create a trailing stop loss on Take Profit level 2 and ride the trend.
1 Hour chart has to be over under the emas that are faned out nicely to move to 5 min chart to look for the signals if 1hr chart isnt over under the emas nicely then NO TRADE
ForexSignalTV helped create this strategy, just my first script so learning, want to take it to next level but kind of stuck for now. More knowledge coming...
inwCoin Percent from all-time highSimple study to show the fact to some newbies in the market that it is VERY HARD to make a profit and get your portfolio back to all-time high if you don't know how to stop loss...
Some people think "Oh, ez if you down -90% you need only +90% to get 100% of your capital again"
But... actually....if your portfolio down -90% you need to go 1000% from current price to reach your start capital!!!!
This study will show
- Current symbol detail
- Percent down from All-time High ( ATH )
- Percent up from current price to reach ATH again
Profit and Stoploss CalculatorThis script is designed to display three stop loss areas to assist either with automation of risk management or identify and alert when price is in a range of a trade for risk to reward ratio.
In this version there are three stop losses and 1 PT. Mainly because i will most likely only be using 1 of the SL to pair with the PT.
Stoploss areas are displayed on both sides of the price for long and short calculations along with the two profit factors but the settings in the indicator it self apply to both sides in terms of percentage.
Short-Indicator + Exit-AlertThis simple yet effective indicator is designed for beginners and provides a clear trading signal when three conditions are met:
- The stock price is below the EMA200, indicating a bearish trend.
- The MACD histogram changes from positive to negative, a signal for momentum reversal from bullish to bearish.
- The Volume Oscillator is positive (above the zero line), suggesting increasing trading activity.
Alert: When all three conditions are fulfilled, an alert is triggered for a potential short entry.
- Take Profit (TP): When the price hits the lower boundary of the Donchian Channel, the trade is exited with a profit.
- Stop Loss (SL): When the price touches the upper boundary of the Donchian Channel, the position is closed to limit losses.
Short-Indicator + Exit-AlertThis simple yet effective indicator is designed for beginners and provides a clear trading signal when three conditions are met:
- The stock price is below the EMA200, indicating a bearish trend.
- The MACD histogram changes from positive to negative, a signal for momentum reversal from bullish to bearish.
- The Volume Oscillator is positive (above the zero line), suggesting increasing trading activity.
Alert: When all three conditions are fulfilled, an alert is triggered for a potential short entry.
- Take Profit (TP): When the price hits the lower boundary of the Donchian Channel, the trade is exited with a profit.
- Stop Loss (SL): When the price touches the upper boundary of the Donchian Channel, the position is closed to limit losses.
Short-Indicator + Exit-AlertThis simple yet effective indicator is designed for beginners and provides a clear trading signal when three conditions are met:
- The stock price is below the EMA200, indicating a bearish trend.
- The MACD histogram changes from positive to negative, a signal for momentum reversal from bullish to bearish.
- The Volume Oscillator is positive (above the zero line), suggesting increasing trading activity.
Alert: When all three conditions are fulfilled, an alert is triggered for a potential short entry.
- Take Profit (TP): When the price hits the lower boundary of the Donchian Channel, the trade is exited with a profit.
- Stop Loss (SL): When the price touches the upper boundary of the Donchian Channel, the position is closed to limit losses.
Daily Weekly Monthly Highs & Lows [Dova Lazarus]Daily Weekly Monthly Highs & Lows
📊 Overview
This Pine Script indicator displays key support and resistance levels by plotting the highs and lows from Daily, Weekly, and Monthly timeframes on your current chart. It's designed as an educational tool to help traders understand multi-timeframe analysis and identify significant price levels.
🎯 Key Features
Multi-Timeframe Support & Resistance
- Daily Levels: Shows previous daily highs and lows
- Weekly Levels: Displays weekly highs and lows
- Monthly Levels: Plots monthly highs and lows
- Smart Display: Only shows relevant timeframes based on your current chart timeframe
Fully Customizable Appearance
- Individual Colors: Set unique colors for each timeframe
- Line Styles: Choose between Solid, Dashed, or Dotted lines
- Line Width: Adjust thickness from 1-4 pixels
- Lookback Periods: Control how many historical levels to display
User-Friendly Options
- Enable/Disable: Toggle any timeframe on/off
- Line Extension: Option to extend lines into the future
- Clean Interface: Organized settings groups for easy configuration
🔧 Settings
Timeframes Group
- Show Daily/Weekly/Monthly Levels: Enable or disable each timeframe
- Lookback Periods: Number of historical levels to display (1-10)
Line Settings Group
- Color: Choose custom colors for each timeframe
- Style: Select line appearance (Solid/Dashed/Dotted)
- Width: Set line thickness (1-4 pixels)
Display Options Group
- Extend Lines Forward: Project lines 20 bars into the future
📈 How to Use
1. Add to Chart: Apply the indicator to any timeframe chart
2. Configure Timeframes: Enable the timeframes you want to see
3. Customize Appearance: Set colors and line styles for easy identification
4. Identify Levels: Use the plotted levels as potential support/resistance zones
5. Plan Trades: Look for price reactions at these key levels
💡 Trading Applications
- Support & Resistance: Identify key price levels where reversals may occur
- Entry Points: Look for bounces or breaks at these levels
- Stop Loss Placement: Use levels to set logical stop losses
- Target Setting: Previous highs/lows can serve as profit targets
- Multi-Timeframe Analysis: Understand the bigger picture context
🎓 Educational Value
This indicator is perfect for:
- Learning Pine Script: Clean, well-commented code structure
- Understanding Multi-Timeframe Analysis: See how different timeframes interact
- Practicing Technical Analysis: Identify key support/resistance concepts
- Code Study: Full variable names and detailed comments for learning
⚙️ Technical Details
- Version: Pine Script v6
- Overlay: True (plots directly on price chart)
- Max Lines: 500 (handles multiple timeframes efficiently)
- Compatibility: Works on all timeframes (shows relevant levels only)
🔍 What Makes This Different
- Educational Focus: Designed for learning with clear code structure
- Simplified Interface: Easy-to-use settings without overwhelming options
- Visual Clarity: Clean line display with customizable appearance
- Practical Application: Real trading tool, not just a demonstration
📋 Requirements
- TradingView account (any plan)
- Basic understanding of support/resistance concepts
- Any chart timeframe (indicator adapts automatically)
🚀 Quick Start
1. Add indicator to your chart
2. Default settings work great out of the box
3. Customize colors if desired (Green=Daily, Orange=Weekly, Red=Monthly)
4. Watch for price reactions at the plotted levels
5. Use as part of your technical analysis toolkit
---
*This indicator is designed as an educational tool and should be used in conjunction with other forms of analysis. Past performance does not guarantee future results.*
Ultimate ATR ProUltimate ATR Pro - Professional Volatility Analysis Tool
Unlock Market Turning Points with Precision Volatility Analysis
Key Features
1. Advanced ATR Calculation Engine
4 MA Types: RMA (Wilder's), SMA, EMA, WMA
Customizable Period: Adjust ATR length (default: 14)
Multi-Timeframe Compatible: Works on all chart intervals
2. Smart Volatility Extremum Detection
Low Volatility Signals: Identifies ATR contraction periods
High Volatility Signals: Detects ATR expansion phases
Custom Lookback Period: Set detection window (10-500 bars)
3. Professional Divergence System
Bullish Divergence: Price ↑ while ATR ↓ (trend continuation signal)
Bearish Divergence: Price ↓ while ATR ↑ (trend acceleration signal)
Visual Connection Lines: Dotted lines highlight price-ATR relationships
4. Visual Extreme Value Lines (NEW!)
Lowest ATR Line: Customizable dotted line showing minimum volatility level
Highest ATR Line: Customizable dotted line marking maximum volatility level
Dynamic Positioning: Auto-updates with each new bar
5. Complete Customization System
Full Color Control:
Signal markers (low/high volatility)
Divergence labels
ATR line
Extreme value lines
Background highlights
Toggle Features: Enable/disable any visual element
6. Intelligent Alert System
Dual Alert Types:
Volatility Extremes (Low/High ATR)
Divergence Signals (Bullish/Bearish)
Smart Cooldown: Prevent alert fatigue with adjustable cooldown period
Visual Alert Tags: Color-coded notifications at chart top
7. Professional Dashboard
Real-time status monitoring:
Current volatility state
Cooldown timers
Extreme ATR values
Divergence detection status
Color-coded for instant recognition
How Traders Benefit
Strategic Applications
markdown
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| SIGNAL | MARKET CONDITION | TRADING IMPLICATION |
|-----------------------|---------------------------|------------------------------------|
| Low Volatility | Contraction/Consolidation | Prepare for breakout strategies |
| High Volatility | Expansion/Climax | Watch for reversals or pauses |
| Bullish Divergence | Price↑ ATR↓ | Trend continuation opportunity |
| Bearish Divergence | Price↓ ATR↑ | Trend acceleration warning |
| Lowest ATR Line Break | Volatility breakout | Confirm directional movement |
Risk Management Tools
ATR-Based Position Sizing: Use extreme values to calculate optimal trade size
Dynamic Stop Loss: Adjust stops based on current volatility regime
Volatility Filtering: Avoid trading during uncertain high-volatility periods
Setup Recommendations
Parameter Guide
pine
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length: 14 // Standard ATR period
lookback: 50 // Optimal for swing trading
cooldownPeriod: 14// Balanced alert frequency
minLineColor: #00C853 // Bright green for low volatility
maxLineColor: #FF3D00 // Bright red for high volatility
Professional Configurations
Day Trading: Lookback=20-30, Cooldown=5-10
Swing Trading: Lookback=50-100, Cooldown=10-20
Position Trading: Lookback=100-200, Cooldown=20-50
Why Choose Ultimate ATR Pro?
"Transforms complex volatility analysis into clear, actionable visual cues - the essential tool for breakout traders and risk managers alike."
Install Now To:
Spot consolidation before big moves
Identify exhaustion at trend extremes
Automate volatility-based position sizing
Receive instant alerts at critical volatility turns
Gain professional-grade insights into market dynamics
Master market rhythms with the most advanced ATR analysis tool on TradingView!
Compatibility: Works flawlessly across stocks, forex, crypto, and commodities on all timeframes.
Version: 2.0 (Enhanced with Extreme Value Lines)
Category: Volatility Analysis | Risk Management | Professional Trading
Dashboard EMA Unifié [touli]DISCLAIMER
This indicator is provided for educational and informational purposes only. It does not constitute investment advice, a recommendation to buy or sell, or a solicitation for any transaction. Past performance is not indicative of future results. Trading involves significant risk, including the potential loss of capital. The user assumes full responsibility for their own trading decisions and risk management. The author of this script cannot be held liable for any losses or damages resulting from its use.
Indicator Title: Unified EMA Dashboard
Overview
This indicator is a comprehensive technical analysis tool that combines the display of Exponential Moving Averages (EMAs) on the chart with a multi-timeframe dashboard. It is designed to provide traders with a quick and clear overview of the trend across multiple timeframes, while also providing visual cues directly on the current chart.
Key Features
Multi-Timeframe Dashboard: Displays a clean and concise table showing the price's position relative to four different EMAs (9, 21, 50, 200) across 6 timeframes (from 1 minute to 1 day).
A blue arrow ▲ indicates that the closing price is above the EMA (potential bullish trend).
A red arrow ▼ indicates that the closing price is below the EMA (potential bearish trend).
Display of 4 EMAs on the Chart:
EMA 9 & 21: Plotted on the current timeframe, they help identify the very short-term trend.
EMA 50 (from the 5m TF) & EMA 200 (from the 15m TF): Plotted on the current chart but calculated on higher timeframes. They offer a perspective on the stronger, underlying trends.
Full Customization: The indicator's settings allow the user to:
Modify the periods of the four EMAs.
Choose the dashboard's position on the screen.
Change the dashboard's theme (Dark or Light).
Enable or disable the display of the EMAs on the chart.
Optimized Code: The script is designed for performance, drawing and calculating the dashboard only on the last available price bar, thus avoiding chart lag.
How to Use
1. Installation
On TradingView, open the chart of your chosen asset.
At the bottom of the screen, click on the "Pine Editor" tab.
Copy the entire corrected script and paste it into the editor, replacing any existing content.
Click the "Add to Chart" button. The indicator will then appear on your chart.
2. Configuration
Click the gear icon (⚙️) next to the indicator's name to access its settings.
General Settings:
Dashboard Theme: Choose "Dark" or "Light" for better readability depending on your chart's color scheme.
Dashboard Position: Select where you want the dashboard to appear (e.g., "Bottom Right," "Top Left," etc.).
EMA Settings:
Modify the periods (9, 21, 50, 200) if you prefer to use other values for your analysis.
Chart Display Settings:
Check or uncheck the boxes to show or hide the EMA lines on your main chart. For instance, you can disable the lines and only use the dashboard.
3. Interpretation (For Informational Purposes)
The Dashboard:
Confluence Analysis: The dashboard's main strength is identifying trend "confluence." A column that is entirely blue (▲) or red (▼) suggests a strong, aligned trend across multiple time scales.
Identifying Reversal Points: If the shorter timeframes (1m, 5m) start to change color while the longer ones (4h, 1D) remain stable, this may indicate a pullback or the beginning of a trend change.
The EMAs on the Chart:
Dynamic Support and Resistance: The EMA lines can act as areas of support in an uptrend and resistance in a downtrend.
Underlying Trend: The price's position relative to the longer-period EMAs (50 and 200) gives an indication of the general underlying trend.
Best Practices and Limitations
Do Not Use in Isolation: This indicator is a trend confirmation tool. It is recommended to use it in conjunction with other analysis tools (volume, market structure, other indicators).
Lagging Indicator: Moving averages are trend-following indicators, which means they react to past price movements. They do not predict future movements.
Risk Management: Always set a stop-loss and take-profit for every trade. Never risk more than a small percentage of your capital on a single position.
Gann Octave 8 - Professional V 1.0Gann Octave 8 Indicator:
Core Concept: This indicator divides the price range between highest high and lowest low into 8 equal parts (octaves), creating support/resistance levels based on W.D. Gann's trading principles.
Key Components:
1. Price Range Calculation:
o Finds highest high and lowest low over a lookback period (default 50 bars)
o Divides this range into 8 equal segments (12.5% each)
2. 8 Octave Levels:
o 0% (Low Support) - Strongest support
o 12.5%, 25%, 37.5% - Minor levels
o 50% (CRITICAL) - Most important level
o 62.5%, 75%, 87.5% - Minor levels
o 100% (High Resistance) - Strongest resistance
3. Gann Angles: Projects trend lines from high/low points at various angles (1x1, 2x1, 1x2, etc.)
4. Visual Features:
o Color-coded levels
o Information table showing current position
o Background highlighting when near critical levels
o Trend analysis (bullish/bearish zones)
Trading Strategy
Entry Signals:
BULLISH TRADES:
• Price crosses above 50% level → Strong buy signal
• Price bounces from 25% or 37.5% levels → Support bounce
• Price in upper zone (above 50%) → Bullish bias
BEARISH TRADES:
• Price crosses below 50% level → Strong sell signal
• Price rejects at 75% or 87.5% levels → Resistance rejection
• Price in lower zone (below 50%) → Bearish bias
Key Trading Rules:
1. 50% Level is Critical: Most important for trend direction
2. Zone Trading:
o Above 50% = Bullish zone (look for longs)
o Below 50% = Bearish zone (look for shorts)
3. Strength Levels:
o Above 75% or below 25% = Strong moves
o Near 100% (high) or 0% (low) = Extreme levels
Risk Management:
• Stop Loss: Place below previous octave level
• Take Profit: Target next octave level
• Position Size: Reduce size near extreme levels (0%, 100%)
Example Trade:
If price breaks above 50% level:
• Entry: Long position
• Stop: Below 37.5% level
• Target: 75% level
• Risk: Monitor for rejection at resistance levels
The indicator works best in trending markets and helps identify high-probability reversal zones.
Works for both Stocks & Derivatives. Experiment with code and share your feedback in comments..
Future is hereOverview
"Future is Here" is an original, multi-faceted Pine Script indicator designed to provide traders with a comprehensive toolset for identifying high-probability trading opportunities. By integrating volatility-based entry zones, trend-based price targets, momentum confirmation, dynamic support/resistance levels, and risk-reward ratio (RRR) calculations, this indicator offers a cohesive and actionable trading framework. Each feature is carefully designed to complement the others, ensuring a synergistic approach that enhances decision-making across various market conditions. This script is unique in its ability to combine these elements into a single, streamlined interface with clear visual cues and customizable alerts, making it suitable for both novice and experienced traders.
Key Features and How They Work Together
Volatility-Based Entry Zones
Purpose: Identifies overbought and oversold conditions using a volatility-adjusted moving average, helping traders spot potential reversal zones.
Mechanism: Utilizes a user-defined volatility length and multiplier to calculate dynamic overbought/oversold thresholds based on the standard deviation of price. Crossovers and crossunders of these levels trigger "Buy Zone" or "Sell Zone" labels.
Synergy: These zones act as the foundation for entry signals, which are later confirmed by momentum and trend filters to reduce false signals.
Trend-Based Price Targets
Purpose: Projects potential price targets based on the prevailing trend, giving traders clear objectives for profit-taking.
Mechanism: Combines a fast and slow moving average to determine trend direction, then calculates target prices using a multiplier of the price deviation from the slow MA. Labels display bullish or bearish targets when the fast MA crosses the slow MA.
Synergy: Works in tandem with entry zones and momentum signals to align targets with market conditions, ensuring traders aim for realistic price levels supported by trend strength.
Momentum Confirmation
Purpose: Validates entry signals by assessing momentum strength, filtering out weak setups.
Mechanism: Uses the momentum indicator to detect bullish or bearish momentum crossovers, labeling them as "Strong" or "Weak" based on a comparison with a smoothed momentum average.
Synergy: Enhances the reliability of buy/sell signals by ensuring momentum aligns with volatility zones and trend direction, reducing the risk of premature entries.
Dynamic Support/Resistance Levels
Purpose: Highlights key price levels where the market is likely to react, aiding in trade planning and risk management.
Mechanism: Detects pivot highs and lows over a user-defined lookback period, drawing horizontal lines for the most recent support and resistance levels (limited to two each for clarity). Labels mark these levels with price values.
Synergy: Complements entry zones and price targets by providing context for potential reversal or continuation points, helping traders set logical stop-losses or take-profits.
Buy/Sell Signals with Risk-Reward Ratios
Purpose: Generates precise buy/sell signals with integrated take-profit (TP), stop-loss (SL), and RRR calculations for disciplined trading.
Mechanism: Combines volatility zone crossovers, trend confirmation, and positive momentum to trigger signals. ATR-based TP and SL levels are calculated, and the RRR is displayed in labels for quick assessment.
Synergy: This feature ties together all previous components, ensuring signals are only generated when volatility, trend, and momentum align, while providing clear risk-reward metrics for trade evaluation.
Customizable Alerts
Purpose: Enables traders to stay informed of trading opportunities without constant chart monitoring.
Mechanism: Alert conditions are set for buy and sell signals, delivering notifications with the entry price for seamless integration into trading workflows.
Synergy: Enhances usability by allowing traders to act on high-probability setups identified by the indicator’s combined logic.
Originality
"Future is Here" is an original creation that distinguishes itself through its holistic approach to technical analysis. Unlike single-purpose indicators, it integrates volatility, trend, momentum, and support/resistance into a unified system, reducing the need for multiple scripts. The inclusion of RRR calculations directly in signal labels is a unique feature that empowers traders to evaluate trade quality instantly. The script’s design emphasizes clarity and efficiency, with cooldowns to prevent label clutter and a limit on support/resistance lines to maintain chart readability. This combination of features, along with its customizable parameters, makes it a versatile and novel tool for traders seeking a robust, all-in-one solution.
How to Use
Setup: Add the indicator to your TradingView chart and adjust input parameters (e.g., Volatility Length, Trend Length, TP/SL Multipliers) to suit your trading style and timeframe.
Interpretation:
Look for "Buy Zone" or "Sell Zone" labels to identify potential entry points.
Confirm entries with "Bull Mom" or "Bear Mom" labels and trend direction (Bull/Bear Target labels).
Use Support/Resistance lines to set logical TP/SL levels or anticipate reversals.
Evaluate Buy/Sell signals with TP, SL, and RRR for high-probability trades.
Alerts: Set up alerts for Buy/Sell signals to receive real-time notifications.
Customization: Fine-tune multipliers and lengths to adapt the indicator to different markets (e.g., stocks, forex, crypto) or timeframes.
ATR Display ShorcutATR Value Display - On-Chart Volatility Monitor
Clean ATR display directly on your price chart - no extra panels needed!
This indicator displays the current Average True Range (ATR) value as a clean table overlay on your price chart, eliminating the need for a separate indicator panel below your main chart.
✨ Key Features:
On-chart display: ATR value shown directly on price chart
Customizable positioning: Choose from 4 corner positions
Clean design: Minimal, non-intrusive table format
Real-time updates: Always shows the latest ATR value
Adjustable period: Default 14-period, fully customizable
🎯 Perfect For:
Position sizing calculations
Stop-loss placement (1x, 1.5x, 2x ATR)
Volatility assessment at a glance
Clean chart setups without extra panels
Quick reference during live trading
📊 How to Use:
Add to chart
Select your preferred table position
Adjust ATR period if needed (default: 14)
The current ATR value displays automatically
💡 Pro Tip:
Use this ATR value to:
Set stop-losses at 1.5x or 2x ATR distance
Determine position size based on account risk
Compare current volatility to historical levels
Clean charts, clear data, better trading decisions.
Compatible with all timeframes and instruments. Pine Script v6.
Feel free to adjust this description to match your style or add any specific features you want to highlight!
IPDA with Order Blocks [Enhanced]Summary of the Code
This script plots IPDA Standard Deviations on a price chart, helping traders visualize potential support and resistance levels based on a series of user-defined deviations. It uses swing high/low points and time-based fractal lookbacks (monthly, weekly, daily, or intraday) to define price anchors and compute deviation lines.
Key features include:
Deviations: It calculates and plots deviation levels based on the distance between swing highs and lows, which traders can use as price targets or zones of interest.
Timeframes:
Monthly (higher timeframe analysis)
Weekly (medium-term analysis)
Daily and Intraday (shorter-term precision)
Customization:
Choose which deviation levels (e.g., 0, 1, -1, -2) to display.
Hide labels or adjust their sizes for cleaner charts.
Option to remove invalidated deviation levels dynamically.
Visual Cleanliness: Automatically removes clutter by hiding or deleting invalid deviation levels and focusing on active price zones.
How to Utilize It for Intraday Trading to Make $1,000
Here’s how to effectively use the indicator to optimize intraday trading:
1. Set the Right Timeframe:
Use the 15-minute or 1-hour chart for intraday setups.
Ensure the "Intraday" lookback option is enabled to focus on shorter-term swings.
2. Interpret the Levels:
Bearish Order Blocks: Look for red lines (bearish deviation) as potential resistance zones where the price may reverse downward.
Bullish Order Blocks: Look for green lines (bullish deviation) as potential support zones where the price may bounce upward.
3. Plan Entries and Exits:
Entry: Buy near a green order block or short near a red order block, confirming the trade with additional signals (e.g., candlestick patterns, momentum indicators).
Stop Loss: Place your stop below the green line (for buys) or above the red line (for shorts).
Profit Targets: Use deviation levels as targets (e.g., from the 0 level to +1 or -1).
4. Combine with Market Context:
Use the script alongside volume profile, trend indicators, or news events for confirmation.
Avoid trading during major news events unless aligned with deviations.
5. Position Sizing for $1,000 Goal:
Trade liquid instruments like Nasdaq futures (NQ) or major forex pairs.
Risk 1-2% of your capital on each trade and scale into positions if confirmed.
Target a profit of 10-20 points per trade on Nasdaq futures, with 1-2 trades daily.
6. Monitor Key Timeframes:
Pre-market (before 9:30 AM EST): Mark deviation levels to predict market open behavior.
Midday & Power Hour (3-4 PM EST): Watch for breakouts or retests around key deviation levels.
By combining this tool with disciplined risk management and a clear trading plan, you can systematically work toward your profit target while minimizing unnecessary risks
