Market Interest ZoneGeneral description
The Market Interest Zone (MI Zone) indicator is designed to facilitate market analysis and meet the needs of most traders by building zones that can act as support or resistance.
The logic of each MI Zone is based on the culminating increase in volume (the analysis of such volume is done by comparing the volume of each candle with the SMA plotted for a certain period with the input volume data). This logic is not very useful in the middle of a pulse, so by comparing the OHLC of candles, the indicator builds such zones only on local pulse extremes. The indicator also has a built-in super trend indicator that acts as a trend filter. We have compared many technical indicators that can help filter zones, but in our opinion, super trend shows the best results due to more flexible settings compared to moving average. Each drawn Japanese candlestick is an independent zone from which you can open a position with a limit order and close a position, depending on the trader's usual risk management.
In this version of the indicator, only the D1 timeframe is available, but it is enough for long-term trades
The indicator has two modes:
Trend/Reversal - in which absolutely all zones are displayed;
Trend - which displays only those zones that have passed the filter in the direction of the current trend;
Opening a position with a market order when a zone of interest appears is not part of the strategy's logic, as it increases the commission and limits the trading potential. However, if you understand the market context, then such an entry with a market order can be realized.
In cases when the candle that formed the zone is quite volatile and has a large spread, it is permissible to place a limit order for 50% of this zone.
Examples of using a trading strategy
As we wrote earlier, each Japanese candlestick drawn is an independent zone that can be worked with without additional conditions and understanding of the context. The MI Zone appears under certain conditions, when the second candlestick closes after the zone itself. After that, you can place a limit order at the high/low of this zone (depending on the direction) + a protective stop order on the opposite side of the zone.
Simple Limit Entry in Trend/Reverse Mode:
Simple Limit Entry in Trend Mode:
Retest Limit Entry in Trend/Reverse Mode:
Mirror Retest Limit Entry in Trend/Reverse Mode:
Risk management strategy
Fixing positions is recommended when the RR reaches 1:3 to 1:5. It is also possible to split a position, the second part of which will be fixed at more global levels.
In the above examples, position fixation is shown exclusively at global levels. In real trading, we recommend closing part of the position when local levels are reached.
Also, when RR 1:1 is reached, it is recommended to move the stop loss to breakeven.
Conclusion
It is important to understand that this logic can have different meanings depending on the financial instrument used. Therefore, we recommend performing a basic backtest of the methods of use and risk management parameters before using the indicator directly.
在腳本中搜尋"zone"
Support Resistance Channels/Zones Multi Time FrameHello All,
For long time I have been getting a lot of requests for Support/Resistance Multi Time Frame script. Here ' Support Resistance Channels/Zones Multi Time Frame ' is in your service.
This script works if the Higher Time Frame you set is higher than the chart time frame. so the time frame in the options should be higher than the chart time frame.
The script checks total bars and highest/lowest in visible part of the chart and shows all S/R zones that fits according the highest/lowest in visible part. you can see screenshots below if it didn't make sense or if you didn't understand
Let see the options:
Higher Time Frame : the time frame that will be used to get Support/Resistance zones, should be higher than chart time frame
Pivot Period : is the number to find the Pivot Points on Higher time frame, these pivot points are used while calculating the S/R zones
Loopback Period : is the number of total bars on higher time frame which is used while finding pivot points
Maximum Channel Width % : is the percent for maximum width for each channel
Minimum Strength : each zone should contain at least a 1 or more pivot points, you set it here. (Open/High/Low/Close also are considered while calculating the strength)
Maximum Number of S/R : the number of maximum Support/Resistance zones. there can be less S/Rs than this number if it can not find enough S/Rs
Show S/R that fits the Chart : because of we use higher time frame, you should enable this option then the script shows only S/Rs that fits the current chart. if you disable this option, all S/R zones are shown and it may shrink the chart. also you may not see any S/R zone if you don't choose the higher time frame wisely ;)
Show S/R channels in a table : if you enable this option (by default it's enabled) then lower/upper bands of all S/R zones shown in a table ( even if it doesn't fit the chart ). you can change its location. zones are sorted according to their strengths. first one is the strongest.
and the other options is about colors and transparency.
Screenshots before and after zoom-out:
after zoom-out number of visible bars and highest/lowest change and it shows more S/R zones that fits the current chart!
if you see Support Resistance zone like below then you should decrease ' Maximum Channel Width ' or you should set higher time frame better:
You can change colors and transparency:
You can change Table location:
Alerts added :)
P.S. I haven't tested it so much, if you see any issue please drop a comment or send me message
Enjoy!
ATRvsDTR + ADR Zone + SSS50%This Script is to be used for intra day as far as the adr zones. The adr zones are used as support and resistance but also can be used to determine whether the stock is breaking out or not. Also being that the adr zones are calculated using a 5 or 10 day period unless you change the settings, and are set when price opens. It does really help you know whether a stock is moving more than it does on average to me it just signifies its directional. So I added the atr vs dtr so you can see what a stock moves on average versus what it has moved today.
The atr period is calculated based on the daily period unless you change the settings. I added to the original script 3 more percentages the atr vs dtr will change as it goes higher so that you can be aware when the stock is getting closer to moving 100% of its atr. Even though a stock breaks above or below the adr that doesn't mean it has moved more than it normally moves.
I also have the weekly open on the script as I trade the strat and I want to know, at what price the the week will change from bearish to bullish and vice versa. So that I can understand the trend when I am trading intraday.
The 50% lines were added for Sara strat snipers 50% rule and you can change the timeframes on them. This is used to know whether a candle will go 3. This also can help with retracements vs reversals, because in traditional technical analysis 50% is around where people start think its a reversal more so than a retracement.
I believe the script will be very help as it can show you price being directional but can also let you know when the stock is getting close to moving more than it normally has or if it has moved more than it normally has. As well as being able to see if something is a retracement vs a reversal. I trade TheStrat strategy so this can be very helpful in that regard
The 50% retracement levels are default 1h and daily. You can change them and whether or not they show
In the example chart you can see we are below weekly open which is bearish and you can also see where price reverses out of the upper adr zone. As well as how much of the atr we have moved on this day in time.
TradeChartist Mean Momentum Drift Oscillator (MMDO)™TradeChartist Mean Momentum Drift Oscillator (MMDO) is the Oscillator version of the ™TradeChartist Mean Momentum Drift Bands (MMDB) indicator with some added visual features to spot Momentum, divergences and Price action using ™TradeChartist Zone Visualizer model.
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Features of ™TradeChartist MMDO
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Price zone detection using ™TradeChartist Zone Visualizer model.
No User input required.
3 Visual colour schemes - Chilli, Flame and Custom.
Clear Visualization of Overbought and Oversold zones.
Colour Bars based on Momentum strength.
MDDO highs and lows tracker helps detect divergences.
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Example Charts
1. MMDO used along with ™TradeChartist MMDB (Mean Momentum Drift Bands) on 4hr chart of BINANCE:BTCUSDT
2. MMDO on 1hr chart of OANDA:EURUSD to confirm Drift Bands breakout entries on MMDB
3. MMDO on 1hr chart of BINANCE:LUNAUSDT
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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MTF Order Block FinderAn Order Block is a special type of pivot point that satisfies the following requirement:
A Bull/Bear candle followed by X consecutive candles in the opposite direction.
Order Blocks are interesting areas that are frequently revisited and can be treated as Support/Resistance levels.
Often, you can see explosive price rejection of these areas via long wicks, high volume, and rapid price change.
Features
Choose from two themes:
- LIGHT: a classic Red and Green representing Bearish and Bullish OBs, respectively
- DARK: a clean Blue and White scheme
Choose from two drawing styles:
- LINE: three lines representing the High, Low, and Mid price levels of the OB candle
- BOX: a bounded area similar to the "rectangle" tool
Chose a custom timeframe:
- From 1 Minute (useful for Seconds interval) up to 1 Month
Note, this setting is experimental and choosing a timeframe that is extraordinarily large may not function properly.
Filter order blocks with two settings:
- Number of consecutive bars
- Minimum % change of the potential OB bar (default 0.25%)
Keep your charts clean and show only relevant OBs
- Maximum number of Bullish zones to show
- Maximum number of Bearish zones to show
FAQ
Q: How do I trade with this indicator?
A:Personally, I use a fast entry indicator to confirm Long/Short position when price is rejected. I set my SL and TP based on the current Zone and the next one, if available.
Q: Does this repaint?
A:Yes and this is okay! The "Bear" and "Bull" signals are not meant for taking positions, only showing which candle reveals the Order Block. The Zone is much more useful to us and can result in several successful trades in the near future when treated as a support/resistance area.
Q What's the winrate?
A:Hard to say - this isn't a standalone strategy and I haven't been able to properly backtest it quite yet.
Live Breakout Zones (No Repaint)The Live Breakout Zones indicator is a non-repainting, real-time breakout detection tool designed to help traders identify critical price breakouts as they happen — without lag and without repainting past signals.
This indicator scans recent price action to determine the highest high and lowest low over a user-defined lookback period. When price closes above the recent high or below the recent low, it immediately plots a breakout zone on the chart and provides a visual confirmation through labels and optional alerts.
🔍 Key Features:
✅ No Repainting – Signals are locked in as soon as a breakout happens; no future bar confirmation is needed.
⏱️ Minimal Lag – Reacts on breakout of recent range highs/lows without waiting for pivots or candle confirmation.
📦 Breakout Zones – Automatically draws colored rectangles showing the breakout level and zone width for clearer analysis.
🔔 Real-Time Alerts – Alerts for both bullish and bearish breakouts help you stay informed without watching the screen.
⚙️ Customizable – Adjustable lookback length, zone width, and color settings to match your strategy or chart style.
📈 Use Cases:
Identify key breakout moments for entry or retest zones.
Confirm breakout-based strategies in trending or consolidating markets.
Use zones for setting risk-reward areas, SL/TP levels, or re-entry planning.
⚙️ Settings:
Lookback Range (High/Low): Defines how many previous bars are checked for breakout levels.
Zone Width: Number of bars to extend the breakout box forward.
Bullish/Bearish Zone Color: Choose custom colors for breakout visualization.
🧠 Trading Tip:
Combine this tool with volume spikes, tail candles, or support/resistance for more reliable breakout setups.
TuxAlgo - Liquidity Reversal ZonesTuxAlgo - Liquidity Reversal Zones is a highly refined tool that helps you identify high-probability reversal zones and liquidity sweeps in real-time.
Whether you're trading Gold, Forex, Crypto, or Indices, this indicator pinpoints the true intention of price around key liquidity areas, helping you react before the crowd.
How It Works:
Bearish Reversal Signal (Red Dot)
Appears when price sweeps liquidity and shows signs of exhaustion from the upside.
Bullish Reversal Signal (Green Dot)
Appears when price taps into buy-side liquidity and begins a reversal.
Sell-side Liquidity Zones (Red Lines)
Price is likely to reject from these zones. Ideal for short entries or TP zones.
Buy-side Liquidity Zones (Green Lines)
Price is likely to bounce from these zones. Ideal for long entries or TP zones.
Fibonacci Optimal Entry Zone [OTE] (Zeiierman)█ Overview
Fibonacci Optimal Entry Zone (Zeiierman) is a high-precision market structure tool designed to help traders identify ideal entry zones during trending markets. Built on the principles of Smart Money Concepts (SMC) and Fibonacci retracements, this indicator highlights key areas where price is most likely to react — specifically within the "Golden Zone" (between the 50% and 61.8% retracement).
It tracks structural pivot shifts (CHoCH) and dynamically adjusts Fibonacci levels based on real-time swing tracking. Whether you're trading breakouts, pullbacks, or optimal entries, this tool brings unparalleled clarity to structure-based strategies.
Ideal for traders who rely on confluence, this indicator visually synchronizes swing highs/lows, market structure shifts, Fibonacci retracement levels, and trend alignment — all without clutter or lag.
⚪ The Structural Assumption
Price moves in waves, but key retracements often lead to continuation or reversal — especially when aligned with structure breaks and trend shifts.
The Optimal Entry Zone captures this behavior by anchoring Fibonacci levels between recent swing extremes. The most powerful area — the Golden Zone — marks where institutional re-entry is likely, providing traders with a sniper-like roadmap to structure-based entries.
█ How It Works
⚪ Structure Tracking Engine
At its core, the indicator detects pivots and classifies trend direction:
Structure Period – Determines the depth of pivots used to detect swing highs/lows.
CHoCH – Break of structure logic identifies where the trend shifts or continues, marked visually on the chart.
Bullish & Bearish Modes – Independently toggle uptrend and downtrend detection and styling.
⚪ Fibonacci Engine
Upon each confirmed structural shift, Fibonacci retracement levels are projected between swing extremes:
Custom Levels – Choose which retracements (0.50, 0.618, etc.) are shown.
Real-Time Adjustments – When "Swing Tracker" is enabled, levels and labels update dynamically as price forms new swings.
Example:
If you disable the Swing Tracker, the Golden Level is calculated using the most recent confirmed swing high and low.
If you enable the Swing Tracker, the Golden Level is calculated from the latest swing high or low, making it more adaptive as the trend evolves in real time.
█ How to Use
⚪ Structure-Based Entry
Wait for CHoCH events and use the resulting Fibonacci projection to identify entry points. Enter trades as price taps into the Golden Zone, especially when confluence forms with swing structure or order blocks.
⚪ Real-Time Reaction Tracking
Enable Swing Tracker to keep the tool live — constantly updating zones as price shifts. This is especially useful for scalpers or intraday traders who rely on fresh swing zones.
█ Settings
Structure Period – Number of bars used to define swing pivots. Larger values = stronger structure.
Swing Tracker – Auto-updates fib levels as new highs/lows form.
Show Previous Levels – Keep older fib zones on chart or reset with each structure shift.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Choppiness ZONE OverlayPurpose
This script overlays choppiness zones directly onto the price chart to help traders identify whether the market is trending or ranging. It is designed to filter out low-probability trades during high choppiness conditions.
How It Works
Calculates the Choppiness Index over a user-defined period using ATR and price range.
Divides choppiness into four zones:
30 to 40: Low choppiness, possible trend initiation, shown in yellow.
40 to 50: Moderate choppiness, transition zone, shown in orange.
50 to 60: High choppiness, weakening momentum, shown in red.
60 and above: Extreme choppiness, avoid trading, shown in purple.
Highlights each zone with customizable color fills between the high and low of the selected range.
Triggers a real-time alert when choppiness exceeds 60.
Features
Customizable choppiness zones and color settings.
Real-time alert when market becomes extremely choppy (choppiness ≥ 60).
Visual zone overlay on the price chart.
Compatible with all timeframes.
Lightweight and responsive for scalping, intraday, or swing trading.
Tip
Use this tool as a volatility or trend filter. Combine it with momentum or trend-following indicators to improve trade selection.
VWAP Supply & Demand Zones PRO**Overview:**
This script represents a major evolution of the original "VWAP Supply and Demand Zones" indicator. Initially created to explore price interaction with VWAP, it has now matured into a robust and feature-rich tool for identifying high-probability zones of institutional buying and selling pressure. The update introduces volume and momentum validation, dynamic zone management, alert logic, and a visual dashboard (HUD) — all designed for improved precision and clarity. The structural improvements, anti-repainting logic, and significant added utility warranted releasing this as a new script rather than a minor update.
---
### What It Does:
This indicator dynamically detects **supply and demand zones** using VWAP-based logic combined with **volume** and **momentum confirmation**. When price crosses VWAP with strength, it identifies the potential zone of excess demand (below VWAP) or supply (above VWAP), marking it visually with colored regions on the chart.
Each zone is extended for a user-defined duration, monitored for touch interactions (tests), and tracked for possible breaks. The script helps traders interpret price behavior around these institutional zones as either **reversal** opportunities or **continuation** confirmation depending on context and strategy preference.
---
### How It Works:
* **VWAP Basis**: Zones are anchored at VWAP at the time of a significant cross.
* **Volume & Momentum Filters**: Crosses are only considered valid if backed by above-average volume and notable price momentum.
* **Zone Drawing**: Validated supply and demand zones are drawn as boxes on the chart. Each is extended forward for a customizable number of bars.
* **Touch Counting**: Zones track the number of price touches. Alerts are issued after a user-defined number of tests.
* **Break Detection**: If price closes significantly beyond a zone boundary, the zone is marked as broken and visually dimmed.
* **Visual Dashboard (HUD)**: A compact real-time HUD displays VWAP value, active zone counts, and current market bias.
---
### How to Use It:
**Reversal Trading:**
* Look for price **rejecting** a zone after touching it.
* Use rejection candles or secondary indicators (e.g., RSI divergence) to confirm.
* These setups may offer low-risk entries when price respects the zone.
**Continuation Trading:**
* A **break of a zone** suggests strong directional bias.
* Use confirmed zone breaks to enter in the direction of momentum.
* Ideal in trending environments, especially with high volume and ATR movement.
---
### Key Inputs:
* **VWAP Length**: Moving VWAP period (default: 20)
* **Zone Width %**: Percentage size of zone buffer (default: 0.5%)
* **Min Touches**: How many times price must test a zone before alerts trigger
* **Zone Extension**: How far into the future zones are projected
* **Volume & ATR Filters**: Ensure only strong, valid crossovers create zones
---
### Alerts:
You can enable alerts for:
* **New zone creation**
* **Zone tests (after minimum touch count)**
* **Zone breaks**
* **VWAP crosses**
* **Active presence inside a zone (entry conditions)**
These alerts help automate market monitoring, making it suitable for discretionary or systematic workflows.
---
### Why It's a New Script:
This is not a cosmetic update. The internal logic, signal generation, filtering methodology, visual engine, and UX framework have been entirely rebuilt from the ground up. The result is a highly adaptive, precision-oriented tool — appropriate for intraday scalpers and swing traders alike. It goes far beyond the original in terms of functionality and reliability, justifying a fresh release.
---
### Suitable Markets and Timeframes:
* Works across all liquid markets (crypto, equities, futures, forex)
* Best used on timeframes where volume data is stable (5m and above recommended)
* Recalibrate inputs for optimal detection across instruments
RSI with HMA & Momentum ZonesRSI with HMA & Momentum Zones — Indicator Description
This indicator combines Relative Strength Index (RSI) analysis with Hull Moving Averages (HMA) and Momentum Zone detection to provide a multi-layered view of market strength, trend shifts, and divergence signals.
It includes:
Main Features:
RSI Core:
Standard RSI calculated from a customizable source (close, open, etc.) with adjustable length.
A dynamic RSI Signal Line is plotted with selectable smoothing types (SMA, EMA, SMMA, WMA, VWMA) to enhance trend-following signals.
RSI crossovers of its signal line change color (green for bullish crossovers, red for bearish crossunders).
Hull Moving Averages (HMA):
Two HMA lines are plotted based on the RSI:
Short HMA (fast) and Long HMA (slow).
Color shifts indicate crossovers between RSI and Short HMA (short-term trend change) and Short HMA vs Long HMA (longer-term trend shifts).
Momentum Zones:
When the gap between the RSI and the Long HMA exceeds a user-defined threshold:
A green background highlights strong bullish momentum.
A red background highlights strong bearish momentum.
Helps visualize when momentum becomes extended.
Divergence Detection (Optional):
Regular and hidden bullish and bearish divergences are automatically detected between price and RSI.
Divergences are plotted on the RSI pane with labels ("Bull", "H Bull", "Bear", "H Bear").
Adjustable lookback settings for fine-tuning sensitivity.
Alerts are available for all divergence events.
Visual Enhancements:
A shaded cloud fills between RSI and its signal line, green for bullish bias and red for bearish bias.
Horizontal bands at 70, 50, and 30 levels to mark traditional RSI zones (overbought, neutral, oversold).
Customization Options:
All major components — RSI settings, Signal Line type, HMA lengths, Momentum Zone threshold, and Divergence controls — are fully adjustable.
Ratio S/RRatio S/R - Intraday Support & Resistance Levels
Introduction
This script identifies key intraday support and resistance (S/R) levels where price tends to reverse frequently. It is designed specifically for intraday trading and aims to help traders find high-probability reversal zones.
The logic behind the script revolves around logarithmic returns, historical volatility, and ratio-based price levels. The script dynamically calculates price ranges using standard deviation-based volatility and applies preset ratio levels to determine potential support and resistance zones.
How It Works
Dynamic Range Calculation
The script calculates the price range based on the previous day’s logarithmic return volatility.
The range is then used to project different levels of price movement.
Reference Price
You can choose whether the reference price is from today’s open or yesterday’s close (oporcl setting).
This helps adapt the levels based on market behavior.
Ratio-Based Levels
The script applies specific ratios to the calculated range:
0.0833 (Minor Reversal Zone)
0.25 & 0.38 (Primary Reversal Zones)
0.62 & 0.75 (Significant Reversal Zones)
1.0 & 1.25 (Extreme Reversal Zones)
These levels act as potential support and resistance points.
Disclaimer: This is just for educational purpose . Trading is risky activity and how you use this tool is your own responsibility. The publisher of this tool does not make any claims.
Personal Time Zone: Days of WeekThis is probably the simplest indicator I have ever made.
It just gives you a the days of weeks in your specified time zone and puts the day on the first bar in your time zone.
You can use UTC time format or named time zones like the default.
Just for fun I tried to give it symbols that sort of relate the old gods that the days of week were named after and even colors that one could argue match, but it was all in fun because it was so simple I felt I had to add something.
Enjoy.
AMG Supply and Demand ZonesSupply and Demand Zones Indicator
This indicator identifies and visualizes supply and demand zones on the chart to help traders spot key areas of potential price reversals or continuations. The indicator uses historical price data to calculate zones based on high/low ranges and a customizable ATR-based fuzz factor.
Key Features:
Back Limit: Configurable look-back period to identify zones.
Zone Types: Options to display weak, untested, and turncoat zones.
Customizable Parameters: Adjust fuzz factor and visualization settings.
Usage:
Use this indicator to enhance your trading strategy by identifying key supply and demand areas where price is likely to react.
You can customize this further based on how you envision users benefiting from your indicator. Let me know if you'd like to add or adjust anything!
Dynamic RSI with Overbought/Oversold LinesDynamic RSI with Overbought/Oversold Lines
This indicator enhances the traditional RSI (Relative Strength Index) by dynamically adjusting the overbought and oversold levels based on the highest and lowest RSI values over a user-defined period. The indicator plots these levels as horizontal lines, allowing traders to visually identify when the market is "overbought" or "oversold."
Features:
Dynamic Overbought/Oversold Levels: Automatically adjusts the overbought and oversold levels based on the highest and lowest RSI values within the defined period, ensuring more accurate signals tailored to the current market conditions.
Customizable RSI Period: Choose your preferred RSI period to suit your trading strategy.
Signal Alerts: Visual signals are displayed when the RSI crosses into the overbought or oversold zone, indicating potential reversal points.
Background Color Alerts: The background changes color when the RSI exceeds overbought or oversold levels, making it easier to spot these important zones at a glance.
Clean and Simple: A minimalist design focusing on the key elements, making it suitable for all traders.
How to Use:
Overbought Zone: When the RSI moves above the overbought line (red), it may indicate that the asset is overbought, signaling a potential price reversal or pullback.
Oversold Zone: When the RSI moves below the oversold line (green), it may indicate that the asset is oversold, signaling a potential price bounce or reversal.
This dynamic RSI indicator is perfect for those looking to capture market extremes and improve their trading decisions. It's especially useful for timeframes like 30-minute and 1-hour charts, where market conditions tend to shift more rapidly.
Relative Measured Volatility (RMV) – Spot Tight Entry ZonesTitle: Relative Measured Volatility (RMV) – Spot Tight Entry Zones
Introduction
The Relative Measured Volatility (RMV) indicator is designed to highlight tight price consolidation zones , making it an ideal tool for traders seeking optimal entry points before potential breakouts. By focusing on tightness rather than general volatility, RMV offers traders a practical way to detect consolidation phases that often precede significant market moves.
How RMV Works
The RMV calculates short-term tightness by averaging three ATR (Average True Range) values over different lookback periods and then normalizing them within a specified lookback window. The result is a percentage-based scale from 0 to 100, indicating how tight the current price range is compared to recent history.
Here’s the breakdown:
Three ATR values are computed using user-defined short lookback periods to represent short-term price movements. An average of the ATRs provides a smoothed measure of current tightness. The RMV normalizes this average against the highest and lowest values over the defined lookback period, scaling it from 0 to 100.
This approach helps traders identify consolidation zones that are more likely to lead to breakouts.
Key Features of RMV
Multi-Period ATR Calculation : Uses three ATR values to effectively capture market tightness over the short term. Normalization : Converts the tightness measure to a 0-100 scale for easy interpretation. Dynamic Histogram and Background Colors : The RMV indicator uses a color-coded system for clarity.
How to Use the RMV Indicator
Identify Tight Consolidation Zones:
a - RMV values between 0-10 indicate very tight price ranges, making this the most optimal zone for potential entries before breakouts.
b - RMV values between 11-20 suggest moderate tightness, still favorable for entries.
Monitor Potential Breakout Areas:
As RMV moves from 21-30 , tightness reduces, signaling expanding volatility that may require wider stops or more flexible entry strategies.
Adjust Trading Strategies:
Use RMV values to identify tight zones for entering trades, especially in trending markets or at key support/resistance levels.
Customize the Indicator:
a - Adjust the short-term ATR lookback periods to control sensitivity.
b - Modify the lookback period to match your trading horizon, whether short-term or long-term.
Color-Coding Guide for RMV
ibb.co
How to Add RMV to Your Chart
Open your chart on TradingView.
Go to the “Indicators” section.
Search for "Relative Measured Volatility (RMV)" in the Community Scripts section.
Click on the indicator to add it to your chart.
Customize the input parameters to fit your trading strategy.
Input Parameters
Lookback Period : Defines the period over which tightness is measured and normalized.
Short-term ATR Lookbacks (1, 2, 3) : Control sensitivity to short-term tightness.
Histogram Threshold : Sets the threshold for differentiating between bright (tight) and dim (less tight) histogram colors.
Conclusion
The Relative Measured Volatility (RMV) is a versatile tool designed to help traders identify tight entry zones by focusing on market consolidation. By highlighting narrow price ranges, the RMV guides traders toward potential breakout setups while providing clear visual cues for better decision-making. Add RMV to your trading toolkit today and enhance your ability to identify optimal entry points!
Fear Greed Zones by Relative Strength IndexThis is a visual modification of the relative Strength Index (RSI) to express extreme areas as fear and greed Zones.
// Input
rsiLength = input.int(14, "RSI Length", minval=1)
// RSI calculation
rsi = ta.rsi(close, rsiLength)
FEAR GREED ZONES
The "Fear Greed Zones Script" indicator is designed to help traders identify psychological levels of fear and greed in the market by utilising relative strength index. It primarily utilises the Relative Strength Index of price to gauge market sentiment, with the following key features:
Color-Codes
Dark Red: Indicates a greed zone , suggesting extreme overbought conditions (high risk) and a possible price reversal downward.
Dark Green: Represents a fear zone, indicating extreme oversold conditions (low risk) and potential for price reversal upward.
Yellow: Serves as a neutral zone with medium risk.
Usage
Market Sentiment Analysis: Traders can use the fear and greed zones to assess overall market sentiment, aligning their strategies with prevailing emotional biases. This helps in identifying potential entry and exit points based on market psychology.
Risk Management: Understanding fear or greed influences market behavior and allows traders to manage their risk more effectively with the knowledge of high or low risk areas; as they can anticipate potential reversals or continuations in price trends.
Conclusion
The "Fear Greed Zones" Script is a valuable tool for traders looking to leverage market psychology. By clearly identifying areas where fear or greed may be influencing price movements, it aids in making more informed trading decisions.
Alpha Time Zones {DCAquant}
Alpha Time Zones {DCAquant}
The Alpha Time Zones {DCAquant} is a versatile TradingView indicator designed to help traders navigate the markets by highlighting key trading sessions. This tool provides visual cues by color-coding periods of the London, New York, and Tokyo trading sessions, along with customizable 'Golden' zones, enabling traders to capitalize on market overlaps and increased volatility.
Key Features:
Global Trading Sessions: Automatically shades the periods of the major trading sessions, which can be critical for traders looking to trade during peak liquidity times.
Customizable 'Golden' Zone: Set up your own 'Golden' trading hours for personalized time frames where you observe increased market activity.
Clarity and Focus: By color-coding each session, the indicator allows for a clean and organized view of the market, enabling traders to focus on their strategies without distraction.
BTC Halving Dates and Countdown: For cryptocurrency traders, this indicator includes a feature to show Bitcoin halving dates and a countdown to the next event, assisting in speculation around these significant occurrences.
How to Use the Indicator:
Optimized for Shorter Timeframes: Alpha Time Zones {DCAquant} is fine-tuned for high timeframe charts up to 12 hours. It's designed to provide the most value for intraday to half-day chart intervals, which aligns well with the duration of trading sessions around the globe.
Session Overlaps: Identify times when key sessions overlap, such as the London-New York overlap, to exploit potential periods of increased liquidity and volatility—prime times for trading on lower timeframes.
Custom 'Golden' Zone Trading: Define your own 'Golden' trading hours to correspond with specific economic releases or your peak trading times, perfect for strategies that target times of intensified market action.
Strategic Halving Date Analysis: Utilize the indicator’s Bitcoin halving dates and countdown feature to make informed decisions around these pivotal events, particularly relevant to cryptocurrency traders focusing on macro timeframes.
Adaptability and Customization: While the indicator is not intended for use on timeframes longer than 12 hours, its flexible settings allow for toggling session displays and customizing the 'Golden' zone, making it a versatile companion to your trading system.
Trading Strategy Integration:
The Alpha Time Zones {DCAquant} indicator is designed to be an auxiliary tool, easily integrated into any trading strategy that emphasizes trading session dynamics. Whether you're day trading, swing trading, or taking a position based on economic announcements, this indicator adapts to your approach, providing clear visual markers of key trading hours.
Disclaimer:
This indicator does not predict market movements but instead serves as a guide to understand the timing of market activities. Traders should use this tool in conjunction with a comprehensive analysis and a robust risk management strategy.
Smooth Trail V1Please, enjoy your new game changing tradingview indicator, may I present you: the Smooth Trail (first version).
The Smooth Trail is an indicator that works just like a super trend, but it has a completely different usage and potential.
The super trend works following the price and displaying a line that uses the ATR to determine how far it has to be from the actual price, and many new trader like to use the indicator thanks to his easy readability and the buy sell signals that it shows, unfortunately this is not the best usage of the indicator and it often leads to lose money on the markets.
The main characteristics that this indicator has is that, not like the normal super trend, it follow the trend the better adapting itself in the retracement phases.
The second feature that dictate the best usage of this indicator, is that it shows a zone in which to buy or sell to have the best risk to reward ratio.
The indicator also works as dynamic level of support and resistance and can be used the best for trend following strategies to maximize the profits.
The first input, the multiplier, is used to determine how many times the ATR has to be added or subtracted in order to plot the indicator.
The second input, the length, is used to determine how many candle the indicator and the ATR have to consider for the calculation.
The third and last input, the zone width, is used to calculate the width of the zone displayed by the indicator, and is the factor that will be multiplied to the ATR, this means that if you leave the settings as default, the zone will be 1 ATR or 34 candle width.
This indicator is great to use in confluence with other indicator or with various candlestick pattern.
[blackcat] L3 Supply and Demand Zones MTFLevel: 3
Background
Supply and Demand represent the two most powerful forces of the market. Demand means the number of buyers buying a security in the market. Supply means the number of sellers selling a security in the market. Large supply takes the price to move down and large demand takes the price to move up. Balance in both forces will keep the price in sideways movement. There are two types of states of the price of a security in technical analysis. 1. Balanced state; 2. Unbalanced state. In a balanced state, the price is moving in a range like moving sideways. Simply means forces of buyers and sellers are balanced. Both of them don’t have the ability to create a trend either bearish or bullish trend. After breakout of this sideways (range) movement of price, imbalance in price occur. And after the breakout, the recent range will be called a base zone and the price will again come to this base zone to pick unfilled orders.
Function
This is a composite supply and demand zone indicator, which inlcude:
1. demand and supply zones: yellow color box for demand zone while fuchsia color box for supply zone
2. half-semi log based fibo levels
3. multiple time frame (MTF) manual or automatic setting to see clear trend
4. tendline drawing. Default 610 bars back to draw, you can change it to your preferred value. However, you need to guarantee the existing chart already have equal or more than the number of bars you set or 610 bars.
5. blackcat reveral labels
6. box color to indicate volume information as:
box border color is green --> bullish
box boarder color is red --> bearish
box body color meanings:
a. turquoise or aqua or cyan box body color --> no volume indicaor signal or NA --> no supply and demand signal
b. red box body color --> volume climax up - strong bullish high volume --> demand >> supply
c. white box body color --> volume climax down - strong bearish high volume --> supply >> demand
d. green box body color --> high volume churn - bars with high volume and low range --> suppy and demand is balancing
e. yellow box body color --> low Volume - bar for low volume --> bullish/bearish trend is exhausted, reversal may happen soon --> supply or demand dominance will be changed soon.
f. fuchsia box body color --> volume climax plus high volume churn --> two possibilities: red+green=fuchsia or white+green=fuchsia, so fuchsia is a mixed state --> srong demand with supply attack or strong supply with demand attack.
Remarks
Free but closed sourced.
If the trendline is not drawn but you can see the red resistance and green support dashed lines, please drag the the chart to the left unitl you see the yellow solid trend line appears.
This is the initial version. This will be contineously improved along time.
PP AIO Dynamic ZoneAs promised i present you Version 2 of the Dynamic Zones.
PP Dynamic Zone with Additional features included as follows.
1. CPR
2. Camarilla Pivot and Level 12
3. On/off switch enabled for Camarilla L3,4 and L5,6 which can be exclusively used for L4 breakouts sessions.
4. 3 EMA configured with 20,50,200 Exponential moving Average.
5. Exclusive Moving average can be enabled on demand like SMA, EMA, TEMA, Smoothed EMA, Hull Moving Average, Super Smoothed Moving Average and more.
Features Removed
1. Monthly Dynamic Zone
FAQ .
1. Open the indicator setting page.
2. enable the featured which you would like to enable. check boxes with Show.......
3. if values for the indicator need to be passed or hanged you can do.
4. CPR have check boxes to hide or show R 234 or S234
5. Camarilla Pivot have exclusive checkboxes to show only L3,4 and L5,6 which can be used for Breakouts strategies.
Usage :
Method 1 :
Use CPR / Camarilla for entry and exit points can be decided according to the Dynamic zones.
Method 2 :
EMA breakout or 20,50, 200 crossover and exit at Dynamic zones on either side.
Method 4:
Use Additional EMA system and buy or sell using price action based on MA and levels with dynamic zones.
Hope you all enjoy this system and get benefited.
00,25,50,75,00 - RND/LVL00,25,50,75,00 - RND/LVL
This concept is very simple..
Use round numbers as support and resistance, target the (.25 - .50 - .75) levels for take profit..
Basically, the rounds numbers are high liquidity zone (psychological and banks levels)
You can clearly see the price moving between those zones.
Recommanded timeframe : M30-H1-H4 (M15-M30) for entry..
I usually look at rejection at those levels for short or buy depend of the context.
You can place SL on the next .25 pips over the hard round numbers resistance-support.
Good Luck and if you have any comments, write bellow.
Thanks!
Here some example :
Consolidation Zones - LiveHello Traders!
This is the script that finds Consolidation Zones in Realtime.
How it works?
- The script finds highest/lowest bars by using "Loopback Period"
- Then it calculates direction
- By using the direction and highest/lowest bar info it calculates consolidation zones in realtime
- If the length of consolidation area is equal/greater than user-defined min length then this area is shown as consolidation zone
- Then Consolidation Zone extends automatically if there is no breakout
if you increase the Loopback Length then you get bigger consolidation zones:
You have option to "Paint Consolidation Area" or not:
Enjoy!