On Chart Anticipated Moving Average Crossover IndicatorIntroducing the on chart moving average crossover indicator.
This is my On Chart Pinescript implementation of the Anticipated Simple Moving Average Crossover idea.
This indicator plots 6 user defined moving averages.
It also plots the 5 price levels required on the next close to cross a user selected moving average with the 5 other user defined moving averages
It also gives signals of anticipated moving average crosses as arrows on chart and also as tradingview alerts with a very high degree of accuracy
Much respect to the creator of the original idea Mr. Dimitris Tsokakis
Moving Averages
A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier.
Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions.
Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s).
While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals.
Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days).
Trading Strategies — Moving Average Crossovers
Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance.
The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend.
Another strategy is to apply two moving averages to a chart: one longer and one shorter.
When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross."
Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross."
MA and MA Cross Strategy Disadvantages
Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature.
Moving averages are always based on historical data and simply show the average price over a certain time period.
Therefore, results using moving averages can be quite random.
At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect.
One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals.
When this occurs, it's best to step aside or utilize another indicator to help clarify the trend.
The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades.
Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
在腳本中搜尋"support resistance"
Anticipated Simple Moving Average Crossover IndicatorIntroducing the Anticipated Simple Moving Average Crossover Indicator
This is my Pinescript implementation of the Anticipated Simple Moving Average Crossover Indicator
Much respect to the original creator of this idea Dimitris Tsokakis
This indicator removes one bar of lag from simple moving average crossover signals with a high degree of accuracy to give a slight but very real edge.
Moving Averages
A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier.
Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions.
Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s).
While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals.
Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days).
Trading Strategies — Moving Average Crossovers
Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance.
The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend.
Another strategy is to apply two moving averages to a chart: one longer and one shorter.
When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross."
Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross."
MA and MA Cross Strategy Disadvantages
Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature.
Moving averages are always based on historical data and simply show the average price over a certain time period.
Therefore, results using moving averages can be quite random.
At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect.
One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals.
When this occurs, it's best to step aside or utilize another indicator to help clarify the trend.
The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades.
Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
Crack XThis indicator looks for cracks (de-correlation of 2 indicators), what you have to do is simple, first look at the trend in a higher frame, there are many indicators for this, then look for cracks as wide as possible (you can configure the size in the configuration) and that they are not close to important supports / resistances. This indicator can be very useful for Swing, Coverages, to increase existing positions.The confirmation of the crack occurs when the black lines cross + bar closure.
- Added Alerts
Zenith BladeThis script is based heavily on "Support/Resistance Zones x3" by Lij_MC
What I did is went and added alerts for when price breakouts the support line/zone.
You have the options to change if it is based on a zone breakout or a line breakout
You also can choose when it will go off, so for example you want an alert to trigger only between 7am and 8am then you can change that in the menu.
Lastly you can choose whither or not to show the Williams Alligator on the chart as I have found it beneficial in conjunction with the script since its based primarily on fractals to calculate Support and Resistance.
Fibonacci Moving AverageFibonacci extensions on a moving average. Useful for finding potential levels of support and resistance. Look for confluence with horizontal support/resistance and momentum oscillators.
Pivot S/RThis support/resistance indicator draws a horizontal line at historical Daily swing points.
I've found this to be a very accurate indicator for determining current levels of support and resistance. Double lines and clusters of lines provide particularly strong levels.
Most of the settings are changeable.
Adaptive Volume‐Demand‐Index (AVDI)Demand Index (according to James Sibbet) – Short Description
The Demand Index (DI) was developed by James Sibbet to measure real “buying” vs. “selling” strength (Demand vs. Supply) using price and volume data. It is not a standalone trading signal, but rather a filter and trend confirmer that should always be used together with chart structure and additional indicators.
---
\ 1. Calculation Basis\
1. Volume Normalization
$$
\text{normVol}_t
= \frac{\text{Volume}_t}{\mathrm{EMA}(\text{Volume},\,n_{\text{Vol}})_t}
\quad(\text{e.g., }n_{\text{Vol}} = 13)
$$
This smooths out extremely high volume spikes and compares them to the average (≈ 1 means “average volume”).
2. Price Factor
$$
\text{priceFactor}_t
= \frac{\text{Close}_t - \text{Open}_t}{\text{Open}_t}.
$$
Positive values for bullish bars, negative for bearish bars.
3. Component per Bar
$$
\text{component}_t
= \text{normVol}_t \times \text{priceFactor}_t.
$$
If volume is above average (> 1) and the price rises slightly, this yields a noticeably positive value; conversely if the price falls.
4. Raw DI (Rolling Sum)
Over a window of \$w\$ bars (e.g., 20):
$$
\text{RawDI}_t
= \sum_{i=0}^{w-1} \text{component}_{\,t-i}.
$$
Alternatively, recursively for \$t \ge w\$:
$$
\text{RawDI}_t
= \text{RawDI}_{t-1}
+ \text{component}_t
- \text{component}_{\,t-w}.
$$
5. Optional EMA Smoothing
An EMA over RawDI (e.g., \$n\_{\text{DI}} = 50\$) reduces short-term fluctuations and highlights medium-term trends:
$$
\text{EMA\_DI}_t
= \mathrm{EMA}(\text{RawDI},\,n_{\text{DI}})_t.
$$
6.Zero Line
Handy guideline:
RawDI > 0: Accumulated buying power dominates.
RawDI < 0: Accumulated selling power dominates.
2. Interpretation & Application
Crossing Zero
RawDI above zero → Indication of increasing buying pressure (potential long signal).
RawDI below zero → Indication of increasing selling pressure (potential short signal).
Not to be used alone for entry—always confirm with price action.
RawDI vs. EMA_DI
RawDI > EMA\_DI → Acceleration of demand.
RawDI < EMA\_DI → Weakening of demand.
Divergences
Price makes a new high, RawDI does not make a higher high → potential weakness in the uptrend.
Price makes a new low, RawDI does not make a lower low → potential exhaustion of the downtrend.
3. Typical Signals (for Beginners)
\ 1. Long Setup\
RawDI crosses zero from below,
RawDI > EMA\_DI (acceleration),
Price closes above a short-term swing high or resistance.
Stop-Loss: just below the last swing low, Take-Profit/Trailing: on reversal signals or fixed R\:R.
2. Short Setup
RawDI crosses zero from above,
RawDI < EMA\_DI (increased selling pressure),
Price closes below a short-term swing low or support.
Stop-Loss: just above the last swing high.
---
4. Notes and Parameters
Recommended Values (Beginners):
Volume EMA (n₍Vol₎) = 13
RawDI window (w) = 20
EMA over DI (n₍DI₎) = 50 (medium-term) or 1 (no smoothing)
Attention:\
NEVER use in isolation. Always in combination with price action analysis (trendlines, support/resistance, candlestick patterns).
Especially during volatile news phases, RawDI can fluctuate strongly → EMA\_DI helps to avoid false signals.
---
Conclusion The Demand Index by James Sibbet is a powerful filter to assess price movements by their volume backing. It shows whether a rally is truly driven by demand or merely a short-term volume anomaly. In combination with classic chart analysis and risk management, it helps to identify robust entry points and potential trend reversals earlier.
Support and Resistance MTFSupport and Resistance MTF
Support and Resistance MTF is a powerful tool that automatically detects and visualizes key support and resistance levels based on pivot highs and lows, using a higher timeframe of your choice. It is designed for traders who focus on price action and market structure, and want an adaptive, clean, and customizable indicator that helps identify important market zones.
The script uses configurable pivot logic to identify levels, with user-defined parameters for pivot strength and timeframe. Once a support or resistance level is detected, it is displayed on the chart either as a horizontal line, a shaded box, or both, depending on your display settings. You can fully customize the visual appearance including color, transparency, and line thickness. Levels are automatically extended into the future, and optionally into the past, to give better context.
Each level is monitored for breakout behavior. If price breaks through a level, it can change its role — a former resistance may become support, and vice versa. After a certain number of breakouts (which you define), the level is considered invalid and is automatically removed from the chart. This helps to maintain a clean visual layout and ensures only relevant levels are shown.
The indicator supports multi-timeframe analysis, allowing you to overlay higher-timeframe structure directly on your lower-timeframe trading chart. It is also compatible with Heikin Ashi candles internally for reference, without affecting your main chart type.
Support and Resistance MTF is ideal for traders looking to align intraday setups with higher-timeframe zones, manage risk around structural levels, or simply highlight market turning points in a clear and automated way. Built with Pine Script v5 and optimized for performance, it is both powerful and lightweight.
⚙️ Input Parameters – Description
[Time-Frame
Defines the higher timeframe used for detecting support and resistance levels. For example, you can set this to 1h, 4h, or D to visualize significant levels from a broader market perspective on a lower-timeframe chart.
Left / Right (Pivot Left / Pivot Right)
These parameters control the sensitivity of the pivot detection. A pivot high/low is confirmed if it is higher/lower than the defined number of candles to its left and right. Higher values reduce noise but may miss smaller turning points.
Extend Left
When enabled, the drawn levels (lines and/or boxes) are extended to the left side of the chart, allowing you to see the historical alignment of these levels.
Max Breaks Before Delete
Defines how many times a level can be broken by price before it is removed from the chart. This helps to avoid clutter from outdated or invalidated levels and keeps your chart relevant to current price action.
Draw Lines Only
If enabled, the indicator will draw only horizontal lines for support and resistance zones, omitting the colored background boxes. Useful for a cleaner chart appearance.
Line Width Broken Level
Sets the thickness of the support/resistance lines. Thicker lines can emphasize key levels, especially after a breakout.
Transparency Boxes
Controls the transparency (0–100) of the background boxes representing the zones. A higher value makes the boxes more transparent, lower values make them more opaque.
Transparency Lines
Controls the transparency (0–100) of the horizontal support and resistance lines. This allows for visual fine-tuning based on chart background and personal preference.
Support (Color, Group: Display)
Lets you choose the color used for support zones and lines. By default, it's green, but you can change it to fit your theme or visual preference.
Resistance (Color, Group: Display)
Defines the color for resistance zones and lines. The default is red, but it can be customized freely.
Tight Range Display with Background🌟 Tight Range Transparency Display with Background
What Is This Indicator?
Hey traders! Ever wanted a simple way to spot those quiet, low-volatility moments in the market that often signal a big move is coming? The Tight Range Transparency Display with Background does exactly that! This indicator highlights periods where the price is moving in a tight range—think of it as the calm before the storm. It paints the chart background blue to show these zones, with the shade getting darker the tighter the range becomes. It’s like having a visual cue to say, “Hey, something might be brewing here!”
Why You’ll Love It
Spot Key Moments Easily: The blue background makes it super easy to see when the market is in a tight range, which often happens before breakouts or big trends.
Customizable Settings: You can tweak the range thresholds to match your trading style—whether you’re looking for super tight zones or slightly broader ones.
Visual Clarity: The background gets darker when the range is tighter, giving you a quick sense of how compressed the price action is.
Perfect for Any Market: Works on stocks, forex, crypto, or any chart you trade, across any timeframe.
How to Use It
Add It to Your Chart:
Just copy this script into TradingView’s Pine Editor and hit "Add to Chart." It’ll overlay right on your price chart.
Tweak the Settings:
Open the indicator settings and use the dropdown menus to pick your preferred "Tight Range %" and "Wide Range %." For example, set a Tight Range % of 2.0% to catch smaller ranges, or go higher like 10.0% for broader ones.
You can also adjust the ATR Period (default is 5) to make the indicator more or less sensitive to recent price swings.
Watch for the Blue Background:
When the price enters a tight range, the chart background turns blue. The darker the blue, the tighter the range—meaning a potential breakout could be closer!
Trade Smarter:
Use these tight range zones to prepare for potential breakouts. For example, if you see a dark blue background, it might be a good time to watch for a big price move.
Pair this with other tools like support/resistance levels or volume spikes to confirm your trades.
Who Is This For?
Swing Traders: Perfect for spotting consolidation zones before a big swing.
Breakout Traders: Tight ranges often lead to breakouts—use this to time your entries.
Smart Money Followers: If you’re into smart money concepts, tight ranges can signal accumulation or distribution phases.
Beginners & Pros Alike: It’s easy to use for new traders but powerful enough for seasoned pros.
Real-World Example
Imagine you’re trading a stock on a 1-hour chart. You notice the background turns blue, and it’s getting darker over a few bars. This tells you the price range is tightening—maybe the stock is consolidating after a big move. You check your other indicators, see a volume spike, and spot a breakout above resistance. Boom! You catch the next big trend, all because this indicator helped you focus on the right moment.
Tips for Best Results
Try Different Timeframes: Tight ranges on a 15-minute chart might signal short-term moves, while a daily chart could highlight bigger trends.
Adjust for Your Market: For volatile markets like crypto, you might want a higher Tight Range % (e.g., 10.0%). For calmer markets like forex, try a lower setting (e.g., 2.0%).
Combine with Other Tools: Use this alongside trendlines, moving averages, or volume indicators to confirm your setups.
Why I Made This
I created this indicator because I wanted a simple, visual way to spot those critical low-volatility zones without cluttering my chart. The dynamic background color makes it intuitive to see when the market is “coiling up” for a potential move. I hope it helps you find better trading opportunities just like it does for me!
Let’s Connect
If you find this indicator helpful, I’d love to hear about it! Drop a comment or a rating to let me know how it’s working for you. Got ideas to make it even better? Feel free to message me on TradingView—I’m always open to suggestions.
Published On
Date: May 22, 2025
Happy trading, and may your charts always be in your favor! 🚀
How to Publish on TradingView
Open Pine Editor:
On TradingView, open a chart and go to the Pine Editor tab at the bottom.
Paste the Code:
Copy the script you provided and paste it into the Pine Editor.
Compile:
Click "Add to Chart" to ensure it compiles without errors.
Publish:
Click the "Publish Script" button (paper plane icon) in the Pine Editor.
Select "Publish New Script."
Add the Description:
Title: "Tight Range Transparency Display with Background"
Description: Copy the content above into the description field.
Visibility: Choose "Public" to share with everyone (or "Invite-Only" for restricted access).
Tags: Add tags like "tight range", "breakout", "smart money", "volatility", "swing trading".
Screenshot: Add a screenshot of the indicator on a chart, showing the blue background during a tight range.
Submit:
Click "Publish" to submit. TradingView will review it and make it live if it meets their guidelines.
Additional Notes
Screenshot Tip: Use a chart where the blue background is clearly visible (e.g., during a consolidation period) to make the indicator’s effect stand out.
Engage with Users: After publishing, respond to comments and feedback to build a positive reputation on TradingView.
This content is designed to be approachable and engaging, helping traders understand the value of your indicator and encouraging them to try it out.
OA - PowerZones Support And ResistancePowerZones - Dynamic Support/Resistance Identifier
Overview
PowerZones is an advanced technical analysis tool that automatically detects significant support and resistance zones using volume data and pivot points. This indicator pulls data from higher timeframes (weekly by default) to help you identify strong and meaningful levels that are filtered from short-term "noise."
Features
Multi-Timeframe Analysis: Create support/resistance levels from daily, weekly, or monthly data
Volume Filtering: Detect high-volume pivot points to identify more reliable levels
Dynamic Threshold: Volume filter that automatically adjusts to market conditions
Visual Clarity: Support/resistance zones are displayed as boxes with adjustable transparency
Optimal Level Selection: Filter out close levels to focus on the most significant support/resistance points
Use Cases
Entry/Exit Points: Identify trading opportunities at important support and resistance levels
Stop-Loss Placement: Use natural support levels to set more effective stop-losses
Target Setting: Use potential resistance levels as profit-taking targets
Understanding Market Structure: Detect long-term support/resistance zones to better interpret price movement
Input Parameters
Lookback Period: The period used to determine pivot points
Box Width : Adjusts the width of support/resistance zones
Relative Volume Period: The period used for relative volume calculation
Maximum Number of Boxes: Maximum number of support/resistance zones to display on the chart
Box Transparency: Transparency value for the boxes
Timeframe: Timeframe to use for support/resistance detection (Daily, Weekly, Monthly)
How It Works
PowerZones identifies pivot highs and lows in the selected timeframe. It filters these points using volume data to show only meaningful and strong levels. The indicator also consolidates nearby levels, allowing you to focus only on the most important zones on the chart.
Best Practices
Weekly timeframe setting is ideal for identifying long-term important support/resistance levels
Working with weekly levels on a daily chart allows you to combine long-term levels with short-term trades
ATR-based box width creates support/resistance zones that adapt to market volatility
Use the indicator along with other technical indicators such as RSI, MACD, or moving averages to confirm trading signals
Note: Like all technical indicators, this indicator does not guarantee 100% accuracy. Always apply risk management principles and use it in conjunction with other analysis methods to achieve the best results.
If you like the PowerZones indicator, please show your support by giving it a star and leaving a comment!
SMC+The "SMC+" indicator is a comprehensive tool designed to overlay key Smart Money Concepts (SMC) levels, support/resistance zones, order blocks (OB), fair value gaps (FVG), and trap detection on your TradingView chart. It aims to assist traders in identifying potential areas of interest based on price action, swing structures, and volume dynamics across multiple timeframes. This indicator is fully customizable, allowing users to adjust lookback periods, colors, opacity, and sensitivity to suit their trading style.
Key Components and Functionality
1. Key Levels (Support and Resistance)
This section plots horizontal lines representing support and resistance levels based on highs and lows over three distinct lookback periods, plus daily nearest levels.
Short-Term Lookback Period (Default: 20 bars)
Plots the highest high (short_high) and lowest low (short_low) over the specified period.
Visualized as dotted lines with customizable colors (Short-Term Resistance Color, Short-Term Support Color) and opacity (Short-Term Resistance Opacity, Short-Term Support Opacity).
Adjustment Tip: Increase the lookback (e.g., to 30-50) for less frequent but stronger levels on higher timeframes, or decrease (e.g., to 10-15) for scalping on lower timeframes.
Long-Term Lookback Period (Default: 50 bars)
Plots broader support (long_low) and resistance (long_high) levels using a solid line style.
Customizable via Long-Term Resistance Color, Long-Term Support Color, and their respective opacity settings.
Adjustment Tip: Extend to 100-200 bars for swing trading or major trend analysis on daily/weekly charts.
Extra-Long Lookback Period (Default: 100 bars)
Identifies significant historical highs (extra_long_high) and lows (extra_long_low) with dashed lines.
Configurable with Extra-Long Resistance Color, Extra-Long Support Color, and opacity settings.
Adjustment Tip: Use 200-500 bars for monthly charts to capture macro-level key zones.
Daily Nearest Resistance and Support Levels
Dynamically calculates the nearest resistance (daily_res_level) and support (daily_sup_level) based on the current day’s price action relative to historical highs and lows.
Displayed with Daily Resistance Color and Daily Support Color (with opacity options).
Adjustment Tip: Works best on intraday charts (e.g., 15m, 1h) to track daily pivots; combine with volume profile for confirmation.
How It Works: These levels update dynamically as new highs/lows form, providing a visual guide to potential reversal or breakout zones.
2. SMC Inputs (Smart Money Concepts)
This section identifies swing structures, order blocks, fair value gaps, and entry signals based on SMC principles.
SMC Swing Lookback Period (Default: 12 bars)
Defines the period for detecting swing highs (smc_swing_high) and lows (smc_swing_low).
Adjustment Tip: Increase to 20-30 for smoother swings on higher timeframes; reduce to 5-10 for faster signals on lower timeframes.
Minimum Swing Size (%) (Default: 0.5%)
Filters out minor price movements to focus on significant swings.
Adjustment Tip: Raise to 1-2% for volatile markets (e.g., crypto) to avoid noise; lower to 0.2-0.3% for forex pairs with tight ranges.
Order Block Sensitivity (Default: 1.0)
Scales the size of detected order blocks (OBs) for bullish reversal (smc_ob_bull), bearish reversal (smc_ob_bear), and continuation (smc_cont_ob).
Visuals include customizable colors, opacity, border thickness, and blinking effects (e.g., SMC Bullish Reversal OB Color, SMC Bearish Reversal OB Blink Thickness).
Adjustment Tip: Increase to 1.5-2.0 for wider OBs in choppy markets; keep at 1.0 for precision in trending conditions.
Minimum FVG Size (%) (Default: 0.3%)
Sets the minimum gap size for Fair Value Gaps (fvg_high, fvg_low), displayed as boxes with Fair Value Gap Color and FVG Opacity.
Adjustment Tip: Increase to 0.5-1% for larger, more reliable gaps; decrease to 0.1-0.2% for scalping smaller inefficiencies.
How It Works:
Bullish Reversal OB: Detects a bearish candle followed by a bullish break, marking a potential demand zone.
Bearish Reversal OB: Identifies a bullish candle followed by a bearish break, marking a supply zone.
Continuation OB: Spots strong bullish momentum after a prior high, indicating a continuation zone.
FVG: Highlights bullish gaps where price may retrace to fill.
Entry Signals: Plots triangles (SMC Long Entry) when price retests an OB with a liquidity sweep or break of structure (BOS).
3. Trap Inputs
This section detects potential bull and bear traps based on price action, volume, and key level rejections.
Min Down Move for Bear Trap (%) (Default: 1.0%)
Sets the minimum drop required after a bearish OB to qualify as a trap.
Visualized with Bear Trap Color, Bear Trap Opacity, and blinking borders.
Adjustment Tip: Increase to 2-3% for stronger traps in trending markets; lower to 0.5% for ranging conditions.
Min Up Move for Bull Trap (%) (Default: 1.0%)
Sets the minimum rise required after a bullish OB to flag a trap.
Customizable with Bull Trap Color, Bull Trap Border Thickness, etc.
Adjustment Tip: Adjust similarly to bear traps based on market volatility.
Volume Lookback for Traps (Default: 5 bars)
Compares current volume to a moving average (avg_volume) to filter low-volume traps.
Adjustment Tip: Increase to 10-20 for confirmation on higher timeframes; reduce to 3 for intraday sensitivity.
How It Works:
Bear Trap: Triggers when price drops significantly after a bearish OB but reverses up with low volume or support rejection.
Bull Trap: Activates when price rises after a bullish OB but fails with low volume or resistance rejection.
Boxes highlight trap zones, resetting when price breaks out.
4. Visual Customization
Line Width (Default: 2)
Adjusts thickness of support/resistance lines.
Tip: Increase to 3-4 for visibility on cluttered charts.
Blink On (Default: Close)
Sets whether OB/FVG borders blink based on Open or Close price interaction.
Tip: Use "Open" for intraday precision; "Close" for confirmed reactions.
Colors and Opacity: Each element (OBs, FVGs, traps, key levels) has customizable colors, opacity (0-100), border thickness (1-5 or 1-7), and blink effects for dynamic visualization.
How to Use SMC+
Setup: Apply the indicator to any chart and adjust inputs based on your timeframe and market.
Key Levels: Watch for price reactions at short, long, extra-long, or daily levels for potential reversals or breakouts.
SMC Signals: Look for entry signals (triangles) near OBs or FVGs, confirmed by liquidity sweeps or BOS.
Traps: Avoid false breakouts by monitoring trap boxes, especially near key levels with low volume.
Notes:
This indicator is a visual aid and does not guarantee trading success. Combine it with other analysis tools and risk management strategies.
Performance may vary across markets and timeframes; test settings thoroughly before use.
For optimal results, experiment with lookback periods and sensitivity settings to match your trading style.
The default settings are optimal for 1 minute and 10 second time frames for small cap low float stocks.
Continuation OB are Blue.
Bullish Reversal OB color is Green
Bearish Reversal OB color is Red
FVG color is purple
Bear Trap OB is red with a green border and often appears with a Bearish Reversal OB signaling caution to a short position.
Bull trap OB is green with a Red border signaling caution to a long position.
All active OB area are highlighted and solid in color while other non active OB area are dimmed.
My personal favorite setups are when we have an active bullish reversal with an active FVG along with an active Continuation OB.
Another personal favorite is the Bearish reversal OB signaling an end to a recent uptrend.
The Trap OB detection are also a unique and Original helpful source of information.
The OB have a white boarder by default that are colored black giving a simulated blinking effect when price is acting in that zone.
The Trap OB border are colored with respect to direction of intended trap, all of which can be customized to personal style.
All vaild OB zones are shown compact in size ,a unique and original view until its no longer valid.
ZigZag█ Overview
This Pine Script™ library provides a comprehensive implementation of the ZigZag indicator using advanced object-oriented programming techniques. It serves as a developer resource rather than a standalone indicator, enabling Pine Script™ programmers to incorporate sophisticated ZigZag calculations into their own scripts.
Pine Script™ libraries contain reusable code that can be imported into indicators, strategies, and other libraries. For more information, consult the Libraries section of the Pine Script™ User Manual.
█ About the Original
This library is based on TradingView's official ZigZag implementation .
The original code provides a solid foundation with user-defined types and methods for calculating ZigZag pivot points.
█ What is ZigZag?
The ZigZag indicator filters out minor price movements to highlight significant market trends.
It works by:
1. Identifying significant pivot points (local highs and lows)
2. Connecting these points with straight lines
3. Ignoring smaller price movements that fall below a specified threshold
Traders typically use ZigZag for:
- Trend confirmation
- Identifying support and resistance levels
- Pattern recognition (such as Elliott Waves)
- Filtering out market noise
The algorithm identifies pivot points by analyzing price action over a specified number of bars, then only changes direction when price movement exceeds a user-defined percentage threshold.
█ My Enhancements
This modified version extends the original library with several key improvements:
1. Support and Resistance Visualization
- Adds horizontal lines at pivot points
- Customizable line length (offset from pivot)
- Adjustable line width and color
- Option to extend lines to the right edge of the chart
2. Support and Resistance Zones
- Creates semi-transparent zone areas around pivot points
- Customizable width for better visibility of important price levels
- Separate colors for support (lows) and resistance (highs)
- Visual representation of price areas rather than just single lines
3. Zig Zag Lines
- Separate colors for upward and downward ZigZag movements
- Visually distinguishes between bullish and bearish price swings
- Customizable colors for text
- Width customization
4. Enhanced Settings Structure
- Added new fields to the Settings type to support the additional features
- Extended Pivot type with supportResistance and supportResistanceZone fields
- Comprehensive configuration options for visual elements
These enhancements make the ZigZag more useful for technical analysis by clearly highlighting support/resistance levels and zones, and providing clearer visual cues about market direction.
█ Technical Implementation
This library leverages Pine Script™'s user-defined types (UDTs) to create a robust object-oriented architecture:
- Settings : Stores configuration parameters for calculation and display
- Pivot : Represents pivot points with their visual elements and properties
- ZigZag : Manages the overall state and behavior of the indicator
The implementation follows best practices from the Pine Script™ User Manual's Style Guide and uses advanced language features like methods and object references. These UDTs represent Pine Script™'s most advanced feature set, enabling sophisticated data structures and improved code organization.
For newcomers to Pine Script™, it's recommended to understand the language fundamentals before working with the UDT implementation in this library.
█ Usage Example
//@version=6
indicator("ZigZag Example", overlay = true, shorttitle = 'ZZA', max_bars_back = 5000, max_lines_count = 500, max_labels_count = 500, max_boxes_count = 500)
import andre_007/ZigZag/1 as ZIG
var group_1 = "ZigZag Settings"
//@variable Draw Zig Zag on the chart.
bool showZigZag = input.bool(true, "Show Zig-Zag Lines", group = group_1, tooltip = "If checked, the Zig Zag will be drawn on the chart.", inline = "1")
// @variable The deviation percentage from the last local high or low required to form a new Zig Zag point.
float deviationInput = input.float(5.0, "Deviation (%)", minval = 0.00001, maxval = 100.0,
tooltip = "The minimum percentage deviation from a previous pivot point required to change the Zig Zag's direction.", group = group_1, inline = "2")
// @variable The number of bars required for pivot detection.
int depthInput = input.int(10, "Depth", minval = 1, tooltip = "The number of bars required for pivot point detection.", group = group_1, inline = "3")
// @variable registerPivot (series bool) Optional. If `true`, the function compares a detected pivot
// point's coordinates to the latest `Pivot` object's `end` chart point, then
// updates the latest `Pivot` instance or adds a new instance to the `ZigZag`
// object's `pivots` array. If `false`, it does not modify the `ZigZag` object's
// data. The default is `true`.
bool allowZigZagOnOneBarInput = input.bool(true, "Allow Zig Zag on One Bar", tooltip = "If checked, the Zig Zag calculation can register a pivot high and pivot low on the same bar.",
group = group_1, inline = "allowZigZagOnOneBar")
var group_2 = "Display Settings"
// @variable The color of the Zig Zag's lines (up).
color lineColorUpInput = input.color(color.green, "Line Colors for Up/Down", group = group_2, inline = "4")
// @variable The color of the Zig Zag's lines (down).
color lineColorDownInput = input.color(color.red, "", group = group_2, inline = "4",
tooltip = "The color of the Zig Zag's lines")
// @variable The width of the Zig Zag's lines.
int lineWidthInput = input.int(1, "Line Width", minval = 1, tooltip = "The width of the Zig Zag's lines.", group = group_2, inline = "w")
// @variable If `true`, the Zig Zag will also display a line connecting the last known pivot to the current `close`.
bool extendInput = input.bool(true, "Extend to Last Bar", tooltip = "If checked, the last pivot will be connected to the current close.",
group = group_1, inline = "5")
// @variable If `true`, the pivot labels will display their price values.
bool showPriceInput = input.bool(true, "Display Reversal Price",
tooltip = "If checked, the pivot labels will display their price values.", group = group_2, inline = "6")
// @variable If `true`, each pivot label will display the volume accumulated since the previous pivot.
bool showVolInput = input.bool(true, "Display Cumulative Volume",
tooltip = "If checked, the pivot labels will display the volume accumulated since the previous pivot.", group = group_2, inline = "7")
// @variable If `true`, each pivot label will display the change in price from the previous pivot.
bool showChgInput = input.bool(true, "Display Reversal Price Change",
tooltip = "If checked, the pivot labels will display the change in price from the previous pivot.", group = group_2, inline = "8")
// @variable Controls whether the labels show price changes as raw values or percentages when `showChgInput` is `true`.
string priceDiffInput = input.string("Absolute", "", options = ,
tooltip = "Controls whether the labels show price changes as raw values or percentages when 'Display Reversal Price Change' is checked.",
group = group_2, inline = "8")
// @variable If `true`, the Zig Zag will display support and resistance lines.
bool showSupportResistanceInput = input.bool(true, "Show Support/Resistance Lines",
tooltip = "If checked, the Zig Zag will display support and resistance lines.", group = group_2, inline = "9")
// @variable The number of bars to extend the support and resistance lines from the last pivot point.
int supportResistanceOffsetInput = input.int(50, "Support/Resistance Offset", minval = 0,
tooltip = "The number of bars to extend the support and resistance lines from the last pivot point.", group = group_2, inline = "10")
// @variable The width of the support and resistance lines.
int supportResistanceWidthInput = input.int(1, "Support/Resistance Width", minval = 1,
tooltip = "The width of the support and resistance lines.", group = group_2, inline = "11")
// @variable The color of the support lines.
color supportColorInput = input.color(color.red, "Support/Resistance Color", group = group_2, inline = "12")
// @variable The color of the resistance lines.
color resistanceColorInput = input.color(color.green, "", group = group_2, inline = "12",
tooltip = "The color of the support/resistance lines.")
// @variable If `true`, the support and resistance lines will be drawn as zones.
bool showSupportResistanceZoneInput = input.bool(true, "Show Support/Resistance Zones",
tooltip = "If checked, the support and resistance lines will be drawn as zones.", group = group_2, inline = "12-1")
// @variable The color of the support zones.
color supportZoneColorInput = input.color(color.new(color.red, 70), "Support Zone Color", group = group_2, inline = "12-2")
// @variable The color of the resistance zones.
color resistanceZoneColorInput = input.color(color.new(color.green, 70), "", group = group_2, inline = "12-2",
tooltip = "The color of the support/resistance zones.")
// @variable The width of the support and resistance zones.
int supportResistanceZoneWidthInput = input.int(10, "Support/Resistance Zone Width", minval = 1,
tooltip = "The width of the support and resistance zones.", group = group_2, inline = "12-3")
// @variable If `true`, the support and resistance lines will extend to the right of the chart.
bool supportResistanceExtendInput = input.bool(false, "Extend to Right",
tooltip = "If checked, the lines will extend to the right of the chart.", group = group_2, inline = "13")
// @variable References a `Settings` instance that defines the `ZigZag` object's calculation and display properties.
var ZIG.Settings settings =
ZIG.Settings.new(
devThreshold = deviationInput,
depth = depthInput,
lineColorUp = lineColorUpInput,
lineColorDown = lineColorDownInput,
textUpColor = lineColorUpInput,
textDownColor = lineColorDownInput,
lineWidth = lineWidthInput,
extendLast = extendInput,
displayReversalPrice = showPriceInput,
displayCumulativeVolume = showVolInput,
displayReversalPriceChange = showChgInput,
differencePriceMode = priceDiffInput,
draw = showZigZag,
allowZigZagOnOneBar = allowZigZagOnOneBarInput,
drawSupportResistance = showSupportResistanceInput,
supportResistanceOffset = supportResistanceOffsetInput,
supportResistanceWidth = supportResistanceWidthInput,
supportColor = supportColorInput,
resistanceColor = resistanceColorInput,
supportResistanceExtend = supportResistanceExtendInput,
supportResistanceZoneWidth = supportResistanceZoneWidthInput,
drawSupportResistanceZone = showSupportResistanceZoneInput,
supportZoneColor = supportZoneColorInput,
resistanceZoneColor = resistanceZoneColorInput
)
// @variable References a `ZigZag` object created using the `settings`.
var ZIG.ZigZag zigZag = ZIG.newInstance(settings)
// Update the `zigZag` on every bar.
zigZag.update()
//#endregion
The example code demonstrates how to create a ZigZag indicator with customizable settings. It:
1. Creates a Settings object with user-defined parameters
2. Instantiates a ZigZag object using these settings
3. Updates the ZigZag on each bar to detect new pivot points
4. Automatically draws lines and labels when pivots are detected
This approach provides maximum flexibility while maintaining readability and ease of use.
Dynamic Breakout Master by tradingbauhaus 🌟 Code Description:
This Pine Script implements a trading strategy called "Dynamic Breakout Master" 💥. The core idea of the strategy is to identify breakouts (price movements) at key support 💙 and resistance 🔴 levels, through a dynamic channel that adapts to the market’s conditions. Here's how it works:
🔧 Customizable Input Parameters:
🧭 Pivot Period: This defines the number of bars (candles) to the left and right used to detect pivots (highs and lows) that mark the support and resistance zones.
📊 Data Source: You can choose whether to use highs and lows or closes and opens of the candles to identify the pivots.
📏 Max Channel Width: Specifies the maximum width allowed for the support/resistance channel, expressed as a percentage over the last 300 bars.
💪 Minimum Pivot Strength: This defines the minimum number of pivots needed for a support or resistance level to be considered valid.
🏔 Max Support/Resistance Zones: Limits the number of key zones displayed on the chart.
📅 Lookback Period: Adjusts how many bars back the system should check to find and validate support and resistance levels.
🎨 Custom Colors: You can choose colors for the support, resistance, and in-channel zones.
📉 Moving Averages (MA): The strategy allows adding up to two moving averages (SMA or EMA) to assist in making trading decisions.
📊 Calculating Support/Resistance Levels:
The system uses an algorithm to identify pivots from prices and calculates dynamic support and resistance zones 🔒🔓.
The closer the pivots are and the stronger their influence, the more relevant the zone becomes for the strategy.
The dynamic channel is drawn on the chart, with a maximum width limit for these zones defined by the input parameter.
📈 Trading Logic:
🚀 Identifying Breakouts:
The strategy looks for when the price breaks (breakouts) a resistance or support level.
If the price breaks upward through the resistance level, a buy order 📈 is triggered.
If the price breaks downward through the support level, a sell order 📉 is triggered.
🔔 Alerts:
Resistance Break (ResBreak) and Support Break (SupBreak) alerts are configured to notify users when a significant breakout occurs.
💰 Commissions:
The strategy includes a commission (0.1%) to simulate transaction costs for each trade.
📊 Chart Visualization:
The support and resistance zones are displayed as colored rectangles:
🔴 Resistance (red) and
🔵 Support (blue).
Pivots of support and resistance can be labeled as P (for resistance) and V (for support).
Breakouts of support or resistance levels are marked with triangles that appear on the chart 🔺🔻.
📈 Trading Strategy:
If the price breaks upward through the resistance level, a long position (buy) 📈 is opened.
If the price breaks downward through the support level, a short position (sell) 📉 is opened.
🏆 Conclusion:
This script is a dynamic breakout strategy 💥 that allows traders to capture significant price movements when support or resistance channels break. The customizable parameters let users fine-tune the strategy according to their preferences, while the visual alerts on the chart make it easier to follow trading opportunities. The inclusion of moving averages and key price zones adds an extra layer of analysis to improve decision-making 💡.
Gann & Fibonacci Analysis for MSTRYes! Below is a step-by-step guide to performing Gann Analysis on MSTR in TradingView for the last year.
Step 1: Set Up the Chart
Open TradingView and search for MSTR (MicroStrategy).
Select the 1-day (D) timeframe to analyze the past year.
Set your chart to logarithmic scale (⚙ Settings → Scale → Log).
Enable grid lines for alignment (⚙ Settings → Appearance → Grid Lines).
Step 2: Identify Key Highs and Lows (Last Year)
Find the 52-week high and 52-week low for MSTR.
As of now:
52-Week High: ~$999 (March 2024).
52-Week Low: ~$280 (October 2023).
Step 3: Plot Gann Angles
Using TradingView's Gann Fan Tool:
Select "Gann Fan" (Press / and type “Gann Fan” to find it).
Start at the 52-week low (~$280, October 2023) and drag upwards.
Adjust the angles to match key levels:
1x1 (45°) → Main trendline
2x1 (26.5°) → Strong uptrend
4x1 (15°) → Weak trendline
1x2 (63.75°) → Strong resistance
Repeat the process from the 52-week high (~$999, March 2024) downward to see bearish angles.
Step 4: Apply Fibonacci & Gann Retracement Levels
Using Fibonacci Retracement:
Select "Fibonacci Retracement" tool.
Draw from 52-week high ($999) to 52-week low ($280).
Enable key Fibonacci levels:
23.6% ($816)
38.2% ($678)
50% ($640)
61.8% ($550)
78.6% ($430)
Watch for price reactions near these levels.
Using Gann Retracement Levels:
Select "Gann Box" in TradingView.
Draw from 52-week high ($999) to low ($280).
Enable key Gann retracement levels:
12.5% ($912)
25% ($850)
37.5% ($768)
50% ($640)
62.5% ($550)
75% ($480)
87.5% ($350)
Identify confluences with Gann angles and Fibonacci levels.
Step 5: Identify Significant Dates & Time Cycles
Use "Date Range" Tool in TradingView.
Mark major turning points:
High → Low: ~180 days (Half-year cycle).
Low → High: ~90 days (Quarter cycle).
Use Square-Outs (Time = Price method):
Example: If MSTR hit $500, check 500 days from key events.
Mark key anniversaries of past highs/lows for possible reversals.
Step 6: Analyze and Trade Execution
✅ If MSTR is at a Gann angle + Fibonacci level + key date → Expect a reaction.
✅ Use RSI, MACD, and Volume for extra confirmation.
✅ Set Stop-Loss at nearest Gann support/resistance.
LDO Support and Resistance with Trend LinesUnderstanding the Indicator on Your Chart
Support Lines (Green): These horizontal lines represent price levels where LDO is likely to find buying interest, preventing further declines. They turn a semi-transparent green when the price is above them and blue when below.
Resistance Lines (Blue): These horizontal lines indicate price levels where selling pressure may halt upward movements. They turn a semi-transparent blue when the price is below them and green when above.
Trend Lines (Blue for Resistance, Green for Support): Diagonal lines show the overall trend direction. Blue trend lines indicate resistance (price may struggle to rise above), and green trend lines indicate support (price may find a floor).
Pivots: Small triangles appear above or below candles to mark pivot highs (resistance) and pivot lows (support), helping you identify key turning points.
Customizing the Indicator
You can tweak the indicator’s behavior through the settings panel. Here’s what each input does:
Show Trend Lines? (Default: True)
Enables or disables the display of trend lines on the chart. Set to false to hide trend lines if you only want support/resistance levels.
Choose Higher Time Frame
Select a higher timeframe (e.g., 1H, 4H, 1D) to display support and resistance levels from that timeframe on your current chart (e.g., 5M or 15M).
Pivot Length Settings (Current and Higher Timeframe):
Pivot Length Left Hand Side (Current/HTF): Adjusts how many bars to the left the indicator looks to identify pivot lows (default: 15 for current, 20 for HTF).
Pivot Length Right Hand Side (Current/HTF): Adjusts how many bars to the right the indicator looks to identify pivot highs (default: 10 for current, 15 for HTF).
Increase these values for fewer, more significant pivots; decrease for more frequent pivots.
Pivot Sources (Trend 1 and Trend 2 Pivots):
Select the price source (e.g., low, high) for calculating pivot lows and highs. Default is low for pivot lows and high for pivot highs.
Line Width Settings:
Lower Time Frame Line Width (Default: 5): Sets the thickness of support/resistance lines on the current timeframe.
Higher Time Frame Line Width (Default: 18): Sets the thickness of support/resistance lines on the higher timeframe.
Show Support & Resistance? (Default: True)
Enables or disables the display of horizontal support and resistance lines. Set to false to hide them if you only want trend lines.
Alert Settings (Under “Alerts” Group):
Enable Trend Line Alerts? (Default: True): Turns alerts on or off for trend line hits.
Alert on Resistance Trend Lines? (Default: True): Enables alerts when the price hits resistance trend lines.
Alert on Support Trend Lines? (Default: True): Enables alerts when the price hits support trend lines.
Alert Message: Customize the alert message format (default: “Price hit trend line at {0}”, where {0} is replaced by the price).
Setting Up Alerts
Enable Alerts in the Indicator:
In the indicator settings, ensure “Enable Trend Line Alerts?” is set to true, and choose whether to alert on resistance or support trend lines.
Create a TradingView Alert:
Click the “Alerts” button (bell icon) at the top of the chart.
Select “Create Alert” and choose this indicator from the “Condition” dropdown.
Set the alert frequency (e.g., once per bar, only once), notification method (e.g., email, popup), and save the alert.
Test the Alerts:
Dynamic S/R Levels: Edge FinderOverview
The Dynamic S/R Levels: Edge Finder indicator is designed to identify dynamic support and resistance levels based on historical price action. It uses a combination of price extremes (highs and lows) over user-defined lookback periods, weighted moving averages (WMAs), and touch-count analysis to provide actionable insights into key market levels.
This tool is ideal for traders who want to:
Identify dynamic support and resistance zones.
Understand the strength of these levels based on price touches.
Make informed decisions using clear, adaptive levels.
How It Works
Dynamic Levels Calculation:
The indicator calculates dynamic support levels using the lowest lows and dynamic resistance levels using the highest highs over user-defined lookback periods (e.g., 20, 40, 60 bars, etc.).
These levels are updated dynamically as new price data becomes available.
Touch Count Analysis:
The indicator counts how many times the price has touched or come close to each support/resistance level within the lookback period.
Levels with more touches are considered stronger and are highlighted accordingly.
Weighted Moving Averages (WMAs):
The indicator uses 50-period and 100-period WMAs to identify the closest support/resistance levels to the current trend.
Levels near these WMAs are given additional weight, as they are more likely to act as significant barriers.
Level Merging:
If two support or resistance levels are too close to each other (based on the minimum distance percentage), the weaker level (with fewer touches) is removed to avoid clutter.
Visualization:
Support levels are displayed as dashed red lines, and resistance levels are displayed as dashed blue lines.
Each level is labeled with its corresponding touch count, allowing traders to quickly assess its strength.
How to Interpret the Indicator
Strong Support/Resistance Levels:
Levels with higher touch counts (e.g., 5, 10, or more) are considered stronger and are more likely to hold in the future.
Use these levels to plan entries, exits, or stop-loss placements.
Proximity to WMAs:
Levels closest to the 50-period or 100-period WMA are more significant, especially in trending markets.
These levels often act as dynamic barriers where price reactions are more likely.
Breakouts and Rejections:
If the price breaks through a strong resistance level, it may indicate a potential bullish trend.
If the price rejects a strong support level, it may indicate a potential bearish trend.
Always confirm breakouts or rejections with additional analysis (e.g., volume, candlestick patterns).
Level Merging:
Merged levels indicate areas of high confluence, where multiple support/resistance zones overlap.
These areas are particularly important for decision-making, as they represent stronger market reactions.
Key Features
Customizable Lookback Periods: Adjust the lookback periods for each dynamic level to suit your trading style.
Touch Count Labels: Quickly identify the strength of each level based on the number of price touches.
Adaptive Levels: The indicator dynamically updates levels based on recent price action.
Clean Visualization: Levels are automatically merged to avoid clutter and provide a clear view of the market structure.
Usage Tips
Trend Identification: Combine the indicator with trend-following tools (e.g., moving averages, trendlines) to confirm the overall market direction.
Risk Management: Use the identified levels to set stop-loss orders or take-profit targets.
Timeframe Flexibility: The indicator works on all timeframes, but it is particularly effective on higher timeframes (e.g., 1H, 4H, Daily) for more reliable levels.
Example Scenarios
Bounce Trade:
If the price approaches a strong support level (high touch count) and shows signs of rejection (e.g., bullish candlestick patterns), consider a long position with a stop-loss below the support level.
Breakout Trade:
If the price breaks above a strong resistance level with high volume, consider a long position with a target at the next resistance level.
Range-Bound Market:
In a sideways market, use the support and resistance levels to identify range boundaries and trade bounces between them.
Disclaimer
Dynamic S/R Levels: Edge Finder is a technical analysis tool designed to identify dynamic support and resistance levels based on historical price action. It is intended for informational and educational purposes only. This indicator does not provide financial, investment, or trading advice. Users are solely responsible for their trading decisions and should conduct their own research and analysis before making any trades. The developer of this tool is not liable for any financial losses or damages resulting from the use of this indicator. Trading in financial markets involves risk, and you should only trade with capital you can afford to lose.
Dynamic Support and Resistance Pivot Strategy The Dynamic Support and Resistance Pivot Strategy is a flexible and adaptive tool designed to identify short-term support and resistance levels using the concept of price pivots.
### Key Elements of the Strategy
1. Pivot points as support and resistance levels
Pivots are significant turning points on the price chart, often marking local highs and lows where the price has reversed direction. A pivot high occurs when the price forms a local peak, while a pivot low occurs when the price forms a local trough. When a new pivot high is formed, it creates a resistance level. Conversely, when a new pivot low is formed, it creates a support level.
The strategy continuously updates these levels as new pivots are detected, ensuring they remain relevant to the current market conditions. By identifying these price levels, the strategy dynamically adjusts to market conditions, allowing it to adapt to both trending and ranging markets, since it has a long target and can perform reversal operations.
2. Entry Criteria
- Buy (Long): A long position is triggered when the price is near the support level and then crosses it from below to above. This suggests that the price has found support and may start moving upwards.
- Sell (Short): A short position is triggered when the price is near the resistance level and then crosses it from above to below. This indicates that the price may be reversing and moving downward.
3. Support/Resistance distance (%)
- This parameter establishes a percentage range around the identified support and resistance level. For example, if the Support Resistance Distance is 0.4% (default), the closing price must be within a range of 0.4% above support or below the resistance to be considered "close" and trigger a trade.
4. Exit criteria
- Take profit = 27 %
- Stop loss = 10 %
- Reversal if a new entry point is identified in the opposite direction
5. No Repainting
- The Dynamic Support and Resistance Pivot Strategy is not subject to repainting.
6. Position Sizing by Equity and risk management
- This strategy has a default configuration to operate with 35% of the equity. The stop loss is set to 10% from the entry price. This way, the strategy is putting at risk about 10% of 35% of equity, that is, around 3.5% of equity for each trade. The percentage of equity and stop loss can be adjusted by the user according to their risk management.
7. Backtest results
- This strategy was subjected to backtest and operations in replay mode on **1000000MOGUSDT.P**, with the inclusion of transaction fees at 0.12% and slipagge of 5 ticks, and the past results have shown consistent profitability. Past results are no guarantee of future results. The strategy's backtest results may even be due to overfitting with past data.
8. Chart Visualization
- Support and resistance levels are displayed as green (support) and red (resistance) lines.
- Pivot prices are displayed as green (pivot low) and red (pivot high) labels.
In this image above, the Support/Resistance distance (%) parameter was set to 0.8.
9. Default Configuration
Chart Timeframe: 1h
Pivot Lengh: 2
Support/Resistance distance (%): 0.4*
Stop Loss: 10 %
Take Profit: 27 %
* This parameter can alternatively be set to 0.8.
10. Alternative Configuration
Chart Timeframe: 20 min
Pivot Lengh: 4
Support/Resistance distance (%): 0.1
Stop Loss: 10 %
Take Profit: 25 %
BYBIT:1000000MOGUSDT.P
Auto-Support v 0.3The "Auto-Support v 0.3" indicator is designed to automatically detect and plot multiple levels of support and resistance on a chart. It aims to help traders identify key price levels where the market tends to reverse or consolidate. Here’s a breakdown of its functionality and goals:
Objective:
The primary objective of the Auto-Support v 0.3 indicator is to provide traders with a clear, visual representation of support and resistance levels. These levels are determined based on a predefined sensitivity parameter, which adjusts how tightly or loosely the indicator reacts to recent price movements. The indicator can be applied to any chart to assist in identifying potential entry and exit points for trades, enhancing technical analysis by displaying these important price zones.
Description:
Support and Resistance Calculation:
The indicator calculates multiple levels of support and resistance using the highest and lowest prices over a defined period. The "sensitivity" parameter, which ranges from 1 to 10, determines how sensitive the calculation is to recent price changes. A higher value increases the number of bars used to calculate these levels, making the levels more stable but less responsive to short-term price movements.
Visual Representation:
The support levels are drawn in green with a customizable transparency setting, while resistance levels are displayed in red with similar transparency controls. This visual representation helps traders identify these levels on the chart and see the strength or weakness of the support/resistance zones depending on the transparency setting.
Multiple Levels:
The indicator plots 10 distinct levels of support and resistance (from 1 to 10), which can offer a more granular view of price action. Traders can use these levels to assess potential breakout or breakdown points.
Customization:
Sensitivity: The sensitivity input allows traders to adjust how aggressively the indicator reacts to recent price data. This ensures flexibility, enabling the indicator to be tailored to different trading styles and market conditions.
Transparency: The transparency input adjusts the visual opacity of the support and resistance lines, making it easier to overlay the indicator without obscuring other chart elements.
Key Goals:
Dynamic Support/Resistance Identification: Automatically detect and display relevant support and resistance levels based on price history, removing the need for manual chart analysis.
Customizable Sensitivity: Offer a flexible method to adjust how the indicator identifies key levels, allowing it to fit different market conditions.
Clear Visualization: Provide easy-to-read support and resistance levels with customizable colors and transparencies, enhancing visual clarity and decision-making.
Multiple Levels: Display up to 10 levels of support and resistance, allowing traders to consider both short-term and longer-term price action when making trading decisions.
By using this indicator, traders can more effectively identify key price zones where price may reverse, consolidate, or break out, providing a solid foundation for developing trading strategies.
Options Series - Dynamic Support & Resistance
🌟 Key Features & How It Works:
⭐ Dynamic Support and Resistance Management:
The script dynamically calculates and draws support and resistance lines based on pivot highs and pivot lows. Unlike static levels that remain unchanged, these lines are updated in real-time. When a support or resistance level is breached, the corresponding line is automatically deleted, keeping the chart clean and relevant. This feature ensures that the trader is always looking at valid support and resistance levels based on the current price action.
⭐ Use of Arrays for Line Management:
The script utilizes arrays to store and manage support and resistance lines (array.new_line(0)). This is a more advanced feature of Pine Script v5, allowing for efficient handling of multiple lines on the chart. By using arrays, the script can easily track and manipulate multiple lines (adding, removing, updating), ensuring that the chart remains optimized for real-time analysis.
⭐ Customizable Inputs for Flexibility:
The script includes user inputs for the pivot length and the line width, making it adaptable to different trading styles and preferences. The pivot length determines how sensitive the indicator is to price changes, while the line width allows traders to customize the visual representation of support and resistance levels. These inputs add flexibility and make the script accessible to a broad range of traders.
⭐ Efficient Breach Detection Mechanism:
The isBreached function is a key part of the script. It checks whether the current price has breached any of the existing support or resistance levels. If a breach is detected (i.e., the price crosses below a support or above a resistance), the respective line is deleted, ensuring that only active and valid lines remain on the chart. This automatic update feature reduces the need for manual intervention, helping traders stay focused on key price levels.
⭐ Visual Clarity and Chart Cleanliness:
By deleting breached lines, the script ensures that the chart does not become cluttered with outdated or irrelevant lines. This visual clarity is crucial for traders who rely on clean, simple charts for decision-making. Removing unnecessary information helps traders make faster, more confident decisions based on the current market structure.
⭐ Scalability for Multiple Timeframes:
The use of pivot points makes the script adaptable to different timeframes, from intraday scalping to longer-term swing trading. By changing the pivot length, traders can optimize the indicator for different market environments, ensuring that it can be applied across various asset classes and timeframes.
⭐ Practical for Range-bound and Breakout Trading:
This script is particularly effective for traders who focus on range-bound markets or breakout strategies. It allows them to quickly identify areas where price is likely to reverse (support/resistance) or break out (when support/resistance is breached), providing real-time insight into market dynamics.
⭐ Simplification of Price Action Analysis:
By automating the calculation of pivots and management of support/resistance levels, the script simplifies price action analysis. Traders no longer need to manually draw or monitor these levels, which is a common task in technical analysis. This provides an edge, as it reduces the time spent on chart preparation and helps focus on executing trades.
⭐ Originality:
The script "Options Series - Pivot Based Support & Resistance" is an original approach to generating support and resistance levels using pivot points. Pivot-based techniques are popular, but the script introduces an automated dynamic way of drawing support and resistance lines, tracking breaches, and deleting lines when they are no longer valid. This aspect adds a refreshing layer of interactivity and functionality that sets it apart from basic pivot point scripts. The use of arrays to store and manage multiple support and resistance lines is also a good application of Pine Script’s newer array functionalities.
⭐ Uniqueness of the Script:
The script stands out due to its dynamic management of support and resistance lines. Unlike traditional scripts that simply plot static pivot points, this one evolves with the market by removing broken levels, ensuring only valid support and resistance lines are visible on the chart. This is particularly useful for traders who focus on clean charting. The use of arrays to store and manage the lines, alongside the efficient deletion of lines when breached, demonstrates a solid understanding of Pine Script v5's advanced features, such as array manipulation.
🚀 Conclusion:
This script stands out for its real-time adaptability, dynamic support/resistance management, and efficient use of Pine Script’s advanced features. It a powerful tool for both novice and advanced traders.
The script is an indicator designed to draw support and resistance levels based on pivot highs and lows, dynamically removing lines when they are breached. If a price crosses a support or resistance level, the respective line is deleted, ensuring the chart reflects the current state of support and resistance accurately.
Support and Resistance HeatmapThe "Support and Resistance Heatmap" indicator is designed to identify key support and resistance levels in the price action by using pivots and ATR (Average True Range) to define the sensitivity of zone detection. The zones are plotted as horizontal lines on the chart, representing areas where the price has shown significant interaction. The indicator features a customizable heatmap to visualize the intensity of these zones, making it a powerful tool for technical analysis.
Features:
Dynamic Support and Resistance Zones:
Identifies potential support and resistance areas based on price pivots.
Zones are defined by ATR-based thresholds, making them adaptive to market volatility.
Customization Options:
Heatmap Visualization: Toggle the heatmap on/off to view the strength of each zone.
Sensitivity Control: Modify the zone sensitivity with the ATR Multiplier to increase or decrease zone detection precision.
Confirmations: Set how many touches a level needs before it is confirmed as a zone.
Extended Zone Visualization:
Option to extend the zones for better long-term visibility.
Ability to limit the number of zones displayed to avoid clutter on the chart.
Color-Coded Zones:
Color-coded zones help differentiate between bullish (support) and bearish (resistance) levels, providing visual clarity for traders.
Heatmap Integration:
Gradient-based color changes on levels show the intensity of touches, helping traders understand which zones are more reliable.
Inputs and Settings:
1. Settings Group:
Length:
Determines the number of bars used for the pivot lookback. This directly affects how frequently new zones are formed.
Sensitivity:
Controls the sensitivity of the zone calculation using ATR (Average True Range). A higher value will result in fewer, larger zones, while a lower value increases the number of detected zones.
Confirmations:
Sets the number of price touches needed before a level is confirmed as a support/resistance zone. Lower values will result in more zones.
2. Visual Group:
Extend Zones:
Option to extend the support and resistance lines across the chart for better visibility over time.
Max Zones to Display (maxZonesToShow):
Limits the maximum number of zones shown on the chart to avoid clutter.
3. Heatmap Group:
Show Heatmap:
Toggle the heatmap display on/off. When enabled, the script visualizes the strength of the zones using color intensity.
Core Logic:
Pivot Calculation:
The script identifies support and resistance zones by using the pivotHigh and pivotLow functions. These pivots are calculated using a lookback period, which defines the number of candles to the left and right of the pivot point.
ATR-Based Threshold:
ATR (Average True Range) is used to create dynamic zones based on volatility. The ATR acts as a buffer around the identified pivot points, creating zones that are more flexible and adaptable to market conditions.
Merging Zones:
If two zones are close to each other (within a certain threshold), they are merged into a single zone. This reduces overlapping zones and gives a cleaner visual representation of significant price levels.
Confirmation Mechanism:
Each time the price touches a zone, the confirmation counter for that zone increases. The more confirmations a zone has, the more reliable it is. Zones are only displayed if they meet the required number of confirmations as specified by the user.
Color Gradient:
Zones are color-coded based on the number of confirmations. A gradient is used to visually represent the strength of each zone, with stronger zones being more vividly colored.
Heatmap Visualization:
When the heatmap is enabled, the color intensity of the zones is adjusted based on the proximity of the price to the zone and the number of touches the zone has received. This helps traders quickly identify which zones are more critical.
How to Use:
Identifying Support and Resistance Zones:
After adding the indicator to your chart, you will see horizontal lines representing key support (bullish) and resistance (bearish) levels. These zones are dynamically updated based on price action and pivots.
Adjusting Zone Sensitivity:
Use the "ATR Multiplier" to fine-tune how sensitive the indicator is to price fluctuations. A higher multiplier will reduce the number of zones, focusing on more significant levels.
Using Confirmations:
The more times a price interacts with a zone, the stronger that zone becomes. Use the "Confirmations" input to filter out weaker zones. This ensures that only zones with enough interaction (touches) are plotted.
Activating the Heatmap:
Enabling the heatmap will provide a color-coded visual representation of the strength of the zones. Zones with more price interactions will appear more vividly, helping you focus on the most significant areas.
Best Practices:
Combine with Other Indicators:
This support and resistance indicator works well when combined with other technical analysis tools, such as oscillators (e.g., RSI, MACD) or moving averages, for better trade confirmations.
Adjust Sensitivity Based on Market Conditions:
In volatile markets, you may want to increase the ATR multiplier to focus on more significant support and resistance zones. In calmer markets, decreasing the multiplier can help you spot smaller, but relevant, levels.
Use in Different Time Frames:
This indicator can be used effectively across different time frames, from intraday charts (e.g., 1-minute or 5-minute charts) to longer-term analysis on daily or weekly charts.
Look for Confluences:
Zones that overlap with other indicators, such as Fibonacci retracements or key moving averages, tend to be more reliable. Use the zones in conjunction with other forms of analysis to increase your confidence in trade setups.
Limitations and Considerations:
False Breakouts:
In highly volatile markets, there may be false breakouts where the price briefly moves through a zone without a sustained trend. Consider combining this indicator with momentum-based tools to avoid false signals.
Sensitivity to ATR Settings:
The ATR multiplier is a key component of this indicator. Adjusting it too high or too low may result in too few or too many zones, respectively. It is important to fine-tune this setting based on your specific trading style and market conditions.
Tomorrow Floor Pivots with CPR By Nifty ZThe colors for resistance and support levels have been updated to gradient reds and greens for clearer distinction.
The CPR band uses light blue and purple to stand out more effectively.
Here's a detailed explanation of the user inputs and the typical use of **Floor Pivots for Tomorrow’s Market Range** in a trading context, focusing on support, resistance, and breakout scenarios:
The script allows traders to customize key parameters for their analysis:
1. Pivot Timeframe:
- Users can select different timeframes for calculating floor pivots, such as 1 hour, 4 hours, daily, weekly, monthly, etc.
- This is crucial because the timeframe selection influences the granularity of the support and resistance levels for the next trading day.
- For instance, selecting a **Daily** timeframe will calculate floor pivots for the next trading day, while selecting **Weekly** will give levels for the upcoming week.
2. Show Floor Pivots:
- Users can toggle the visibility of the calculated **Floor Pivots**, which include resistance levels (R1, R2, R3, R4) and support levels (S1, S2, S3, S4).
3. Show CPR (Central Pivot Range):
- CPR (Central Pivot Range) is a key area where the price tends to consolidate.
- The script allows users to enable or disable the visibility of CPR, which consists of the BC (Bottom Central Pivot) and TC (Top Central Pivot).
4. Show Labels:
- Users can choose whether or not to display labels indicating the **Pivot**, **Support**, and Resistance levels on the chart. This can be helpful for visual analysis when day trading.
Understanding Floor Pivots
The Floor Pivots (Pivot, Resistance, and Support levels) for tomorrow's market range are calculated based on today’s high, low, and close. These levels help traders anticipate how the market may behave in the upcoming session.
1. Pivot:
- The Pivot Point is a central level, calculated as the average of the high, low, and close. It’s considered a reference point that determines the market’s overall bias.
- If the price is trading **above the pivot**, it generally suggests a **bullish** sentiment for the day.
- If the price is trading **below the pivot**, it suggests a **bearish** sentiment.
2. Resistance Levels (R1, R2, R3, R4):
- R1 is often the first area where price may stall in an uptrend. It represents the first major resistance level.
- **R2**, **R3**, and **R4** mark additional levels of resistance, progressively further away from the current price. These are used to project potential upward targets.
- These resistance levels are areas where the price might encounter selling pressure, especially during day trading.
3. **Support Levels (S1, S2, S3, S4):**
- Similarly, **S1** is the first area where the price might find support in a downtrend.
- **S2**, **S3**, and **S4** provide deeper support levels where the price may bounce from.
- These support zones are used by day traders to anticipate where the price might reverse upward.
### **Role of Resistance and Support in Day Trading**
- **Resistance Levels (R1, R2, R3, R4)** indicate potential areas where price could **stall** during an uptrend. These levels are useful for **short-term traders** looking to set exit points or identify reversal zones.
- **Support Levels (S1, S2, S3, S4)** highlight areas where the price could **find support** and potentially **bounce** higher. These levels are particularly helpful for identifying buy zones in a downtrend.
- If a price **breaks out** above the resistance levels or **breaks down** below the support levels, it often signals a strong trend continuation.
### **Understanding the Central Pivot Range (CPR)**
The **CPR** is formed by two key levels:
- **BC (Bottom Central Pivot):** The midpoint of the day’s high and low.
- **TC (Top Central Pivot):** The difference between the pivot and BC.
The CPR acts as a region of **consolidation** or **indecision** where the market is likely to stay within a narrow range. The width of the CPR gives traders a sense of volatility:
- A **narrow CPR** often signals that a **breakout** is imminent.
- A **wider CPR** suggests that the market could remain range-bound.
### **Market Sentiment Based on Floor Pivots**
The relationship between **today’s** and **tomorrow’s pivots** is crucial in determining the market sentiment for the next day.
1. **Bullish Case (Higher Highs):**
- If **tomorrow's pivot** is higher than **today's pivot**, it indicates a **bullish sentiment**. This suggests that the market is likely to trend upward in the next session.
- In a **bullish overlapping pivot range**, if **Day 1 (today)** is higher than **Day 2 (tomorrow)**, traders expect continued upward momentum.
2. **Bearish Case (Lower Lows):**
- Conversely, if **tomorrow's pivot** is lower than **today's pivot**, it suggests a **bearish sentiment** and that the market could trend downward in the next session.
- In a **bearish overlapping pivot range**, if **Day 1 (today)** is lower than **Day 2 (tomorrow)**, traders expect continued downward pressure.
### **Breakout Scenarios**
A breakout occurs when the price **violates either the support or resistance levels** significantly, indicating that the price is moving in the direction of the breakout.
1. **Bullish Breakout:**
- If the price consistently stays **above the CPR** and **resistance levels (R1, R2)**, it indicates a strong **bullish breakout**.
- This is especially true when the **CPR is narrow** for both days, signaling a buildup in price action and a potential breakout to the upside.
2. **Bearish Breakout:**
- If the price breaks **below the CPR** and **support levels (S1, S2)**, it indicates a **bearish breakout**.
- A narrow CPR on **both days** suggests that a breakout to the downside could be imminent.
3. **Neutral or Ranging Days:**
- Sometimes, the CPR stays **unchanged** for 4-5 days, indicating a period of **consolidation** where the price is moving within a tight range. This often leads to a significant breakout once the consolidation ends.
Strategic Application of Floor Pivots for Tomorrow
Traders use floor pivots to plan their next-day trades by:
- **Aligning with Market Sentiment:** Based on whether tomorrow’s pivot is higher or lower than today’s, traders can align their trades in the direction of the market’s overall bias.
- **Identifying Entry and Exit Points:** Resistance and support levels provide well-defined areas to enter or exit trades, making pivots essential for day trading strategies.
- **Anticipating Breakouts:** Monitoring the width of the CPR and the relation between pivots helps traders anticipate potential breakouts, allowing them to react quickly to sudden price movements.
By effectively using these pivots and understanding their significance, traders can improve their decision-making for short-term trades in the stock or futures markets.
CARNAC Trading - Dynamic Support and Resistance LevelsThe **CARNAC Trading - Dynamic Support and Resistance Levels** indicator is designed to help traders identify key support and resistance levels on any chart timeframe. This indicator dynamically detects major support and resistance levels based on historical price pivots and displays them as lines on the chart. The levels are color-coded for easy identification—**green lines** represent support levels below the current price, while **red lines** represent resistance levels above the current price.
Key Features:
- Dynamic Support/Resistance Detection**: Automatically identifies the strongest support and resistance levels on the chart.
- Timeframe Selection**: Allows users to choose a specific timeframe for detecting support and resistance levels, independent of the chart's timeframe.
- Pivot Strength and Lookback Period**: Customizable inputs to control how far back the indicator looks and how strong the pivots need to be for support/resistance detection.
- Level Limitation**: Limits the number of support and resistance lines to keep charts clean, ensuring only the most relevant levels are displayed.
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How to Use the Indicator:
Inputs and Settings:
1. **Lookback Period**: Defines how many bars back the indicator will consider for detecting support and resistance levels. You can adjust this depending on how much historical data you want to include. A larger value will capture more significant levels, while a smaller value focuses on more recent price action.
2. **Pivot Strength**: This setting determines how significant a high or low must be to qualify as a pivot. A higher pivot strength will capture stronger, more critical levels, while a lower value will detect more frequent, minor pivots.
3. **Max Levels Above/Below Price**: This controls the maximum number of support and resistance levels displayed on each side of the current price. Keeping this number low helps reduce clutter and focuses on the most important levels.
4. **Timeframe for Support/Resistance Detection**: Select the timeframe used for detecting support and resistance levels, which can differ from the chart's timeframe. This is helpful when you're trading on shorter timeframes but want to see key levels from a higher timeframe (e.g., detecting daily levels while trading intraday).
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Visualization:
- **Green Lines**: Represent support levels below the current price. These are potential areas where buying interest may increase, and the price could bounce upwards.
- **Red Lines**: Represent resistance levels above the current price. These are potential areas where selling interest may increase, and the price could fall downwards.
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Example Usage:
1. **Identifying Support and Resistance Zones**: Use this indicator to identify critical support and resistance zones. These are areas where the price has historically reversed or paused, making them ideal for setting entry, exit, stop-loss, or take-profit levels.
2. **Trend Analysis**: By observing which side of the current price the majority of lines are on (more red or more green), traders can gauge whether the market is facing more resistance or support, helping them align with the current trend.
3. **Timeframe Flexibility**: You can choose to detect support and resistance levels from higher timeframes (e.g., Daily or Weekly) while trading on lower timeframes (e.g., 15-minute or 1-hour charts). This gives you a macro-level view of key price levels while executing trades on the micro-level.
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Recommendations:
- **Swing Traders**: Use this indicator with a larger lookback period and higher pivot strength to capture major long-term support and resistance levels.
- **Scalpers and Intraday Traders**: Use shorter lookback periods and lower pivot strengths to detect key levels within a shorter timeframe.
By customizing the inputs and tailoring them to your trading style, this indicator can provide valuable insights into price levels where significant buying or selling activity is likely to occur, helping you make more informed trading decisions.
CARNAC Trading Support and Resistance LevelsOverview
The "Carnac Trading Support and Resistance Levels" indicator is a powerful tool designed to help traders identify key support and resistance levels across multiple timeframes. This tool enhances trading strategies by visually marking significant price levels and providing configurable stop-loss and alert features.
Features
Support and Resistance Levels: Automatically calculates and plots support and resistance levels for the following timeframes:
5 minutes (5M)
10 minutes (10M)
15 minutes (15M)
30 minutes (30M)
1 hour (1H)
2 hours (2H)
4 hours (4H)
6 hours (6H)
12 hours (12H)
1 day (1D)
1 week (1W)
1 month (1M)
Configurable Stop-Loss (SL) Levels: Adds a stop-loss line below each support level and above each resistance level with customizable padding (as a percentage).
Visual Labels: Clearly labels support, resistance, and stop-loss levels with the corresponding prices and timeframes for easy identification.
Line Customization:
Support Levels: Green lines with varying thickness based on the timeframe.
Resistance Levels: Red lines with varying thickness based on the timeframe.
Stop-Loss Levels: Gray dotted lines for clear distinction.
Alerts: Alerts trigger when the price gets to a configurable percentage from the support or resistance levels, helping you stay informed about potential buying and selling opportunities.
Visibility Toggling: Easily toggle the visibility of support and resistance levels for each timeframe (default enabled for 2H, 4H, and 1D).
How to Use
Add the Indicator:
Navigate to the TradingView Pine Editor.
Paste the provided Pine Script code and click "Add to Chart."
Configure Inputs:
Lookback Periods: Adjust the lookback periods for each timeframe to suit your analysis needs.
Padding Percentage: Set the padding percentage for the stop-loss levels to define the distance below the support levels and above the resistance levels.
Visibility: Toggle the visibility of the support and resistance levels for each timeframe as needed (default enabled for 2H, 4H, and 1D).
Alert Trigger Distance: Set the alert trigger distance as a percentage to determine when the alerts should be triggered.
Interpret the Plotted Levels:
Green Lines: Indicate support levels for the respective timeframes.
Red Lines: Indicate resistance levels for the respective timeframes.
Gray Dotted Lines: Represent the stop-loss levels below each support level and above each resistance level, with the specified padding.
Labels: Provide clear indications of the price levels and their respective timeframes in white text for visibility.
Identifying Buying and Selling Opportunities:
Buying Opportunities:
Look for the price to approach or bounce off a support level (green line).
Confirm the potential for a reversal by checking if the price is nearing a key support level from multiple timeframes.
Use the stop-loss level (gray dotted line) to set your stop-loss order below the support level to minimize risk.
Selling Opportunities:
Look for the price to approach or get rejected at a resistance level (red line).
Confirm the potential for a reversal by checking if the price is nearing a key resistance level from multiple timeframes.
Use the stop-loss level (gray dotted line) to set your stop-loss order above the resistance level to minimize risk.
Alerts:
Alerts will notify you when the price gets within the specified percentage distance from each support or resistance level.
Use these alerts to stay informed about potential buying and selling opportunities.
