Supply and Demand [tambangEA]Supply and Demand Indicator Overview
The Supply and Demand indicator on TradingView is a technical tool designed to help traders identify areas of significant buying and selling pressure in the market. By identifying zones where price is likely to react, it helps traders pinpoint key support and resistance levels based on the concepts of supply and demand. This indicator plots zones using four distinct types of market structures:
1. Rally-Base-Rally (RBR) : This structure represents a bullish continuation zone. It occurs when the price rallies (increases), forms a base (consolidates), and then rallies again. The base represents a period where buying interest builds up before the continuation of the upward movement. This zone can act as support, where buyers may step back in if the price revisits the area.
2. Drop-Base-Rally (DBR) : This structure marks a bullish reversal zone. It forms when the price drops, creates a base, and then rallies. The base indicates a potential exhaustion of selling pressure and a build-up of buying interest. When price revisits this zone, it may act as support, signaling a buying opportunity.
3. Rally-Base-Drop (RBD) : This structure signifies a bearish reversal zone. Here, the price rallies, consolidates into a base, and then drops. The base indicates a temporary balance before sellers overpower buyers. If price returns to this zone, it may act as resistance, with selling interest potentially re-emerging.
4. Drop-Base-Drop (DBD) : This structure is a bearish continuation zone. It occurs when the price drops, forms a base, and then continues dropping. This base reflects a pause before further downward movement. The zone may act as resistance, with sellers possibly stepping back in if the price revisits the area.
Features of Supply and Demand Indicator
Automatic Zone Detection : The indicator automatically identifies and plots RBR, DBR, RBD, and DBD zones on the chart, making it easier to see potential supply and demand areas.
Customizable Settings : Users can typically adjust the color and transparency of the zones, time frames for analysis, and zone persistence to suit different trading styles.
Visual Alerts : Many versions include alert functionalities, notifying users when price approaches a plotted supply or demand zone.
How to Use Supply and Demand in Trading
Identify High-Probability Reversal Zones : Look for DBR and RBD zones to identify potential areas where price may reverse direction.
Trade Continuations with RBR and DBD Zones : These zones can indicate strong trends, suggesting that price may continue in the same direction.
Combine with Other Indicators: Use it alongside trend indicators, volume analysis, or price action strategies to confirm potential trade entries and exits.
This indicator is particularly useful for swing and day traders who rely on price reaction zones for entering and exiting trades.
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Pivot Points W/ Mids and VWAP, 4-EMA's, Crossover & HA OverlapWith this indicator i included my basic Pivot Points with Mids, 4 EMA's that you can change to to whatever length you desire with the ability to have crossover alert for you 1st and 2nd EMA's only and the standard VWAP, i also included the Heiken Ashi and to use it you must go to chart Settings>Symbol and uncheck the candle colors, the reason for this is so that you can have the Pivot Points based on candle stick data and not based on Heiken Ashi data that will skew with the pivot point levels. This is what i typically have on my chart for trading and as time goes i might change/update with add ons to adjust the needs. Hope you guys enjoy it as i do. Happy Trading
MFI Top/Bottom [sinyalbak.com]MFI Top/Bottom with Bollinger Bands Indicator
Overview
This indicator combines the Money Flow Index (MFI) with Bollinger Bands to identify potential overbought and oversold conditions in the market. It offers a unique approach by applying Bollinger Bands to the MFI itself, providing additional context for divergence and extreme readings.
Features
Combined MFI and Bollinger Bands analysis
Optional RSI display
Customizable overbought/oversold zones
Visual highlighting of extreme conditions
Signal detection for potential reversals
Flexible visualization options
Indicator Components
1. Main Indicators
Money Flow Index (MFI): A momentum indicator that incorporates both price and volume
Relative Strength Index (RSI): Optional, can be displayed instead of or alongside MFI
Bollinger Bands: Applied to either MFI or RSI values
2. Visual Elements
Green line: MFI
Maroon line: RSI (when enabled)
Blue bands: Bollinger Bands
Yellow circles: Signals when MFI crosses Bollinger Bands
Colored zones: Highlighted overbought/oversold areas
3. Signal Zones
Overbought zone: 70-75
Oversold zone: 25-30
Middle line: 50
How to Use
1. Basic Setup
Set your preferred lookback period (default: 14)
Adjust the Bollinger Bands multiplier (default: 2.0)
Choose whether to display MFI, RSI, or both
2. Signal Interpretation
Overbought Signals: When MFI enters the 70-75 zone
Oversold Signals: When MFI enters the 25-30 zone
Strong Signals: When MFI crosses outside Bollinger Bands
Divergence: Watch for price/indicator divergence at extremes
3. Best Practices
Use in conjunction with other indicators for confirmation
Pay attention to overall trend direction
Look for divergences at extreme levels
Consider volume patterns alongside indicator signals
Customization Options
Input Parameters
Length: Adjusts the calculation period
Multiplier: Controls Bollinger Bands width
Display options for MFI/RSI
Zone highlighting toggles
Visual Settings
Adjustable line colors and styles
Customizable zone highlighting
Optional signal visualization
Tips for Trading
Entry Signals
Look for oversold conditions with bullish price action
Watch for overbought conditions with bearish price action
Confirm with Bollinger Band crosses
Exit Signals
Monitor extreme readings for potential reversals
Use middle line (50) crosses for trend changes
Watch for divergence between price and indicator
Risk Management
Don't rely solely on indicator signals
Consider using multiple timeframes
Set appropriate stop-loss levels
Technical Notes
Calculation based on HLC3 price
Volume-weighted momentum measurement
Adaptive bands based on standard deviation
Signal generation uses both static levels and dynamic bands
Disclaimer
This indicator is for educational and informational purposes only. Always conduct your own analysis and use proper risk management techniques when trading.
Market sessions + Volume Profile+ Vwap+ VectorThis advanced TradingView script is designed for traders aiming to analyze market behavior using volume profiles, dynamic VWAPs, and PSVRA-based vectors, allowing the data to be divided into customized sessions. It is ideal for intraday trading strategies or detailed analysis of value areas.
Based on volume profile of @LeviathanCapital
Key Features:
Customized Volume Profiles:
Splits the chart into user-defined sessions (e.g., daily sessions or specific market hours).
Calculates value areas (70% of total volume), Point of Control (POC), and areas of interest.
VWAP Indicators:
Daily VWAP: A dynamic reference point for intraday analysis, providing the volume-weighted average price.
Weekly VWAP: Identifies trends and key levels in a broader context.
PSVRA-Based Vectors:
Highlights the direction of order flow and market activity using the PSVRA (Price, Spread, Volume, Relative Activity) method.
Session Visualization:
Marks the start and end of each session with clear boxes.
Each session has a unique volume profile.
Complete Customization:
Adjust session timings to match different markets or time zones.
Options for colors, line thickness, and highlighted levels.
Key Levels:
Point of Control (POC): Indicates the price level with the highest volume.
Value Area High/Low (VAH/VAL): Defines the price range where most trading occurs.
Dynamic VWAPs (Daily and Weekly): Adds critical references for support and resistance across multiple time frames.
Style and Usability:
Simple configuration via the input panel.
Compatible with various timeframes and assets.
How to Use:
Session Configuration:
Define the timing for each session (e.g., pre-market, open, close).
Adjust time zones to suit your needs.
Volume Profile Analysis:
Observe where the volume is concentrated in each session.
Identify key levels for dynamic support and resistance.
VWAP and PSVRA Analysis:
Use daily and weekly VWAP to find weighted average price references over time.
Analyze PSVRA vectors to locate areas with significant buyer or seller activity.
Compatibility:
Works with any asset and timeframe supported by TradingView.
Ideal for:
Intraday traders.
Operators looking for key levels based on volume profiles, VWAPs, and PSVRA analysis.
Detailed analysis of global market sessions.
Ultimate Pivot Points & Technical Analysis### Ultimate Pivot Points & Technical Analysis
A comprehensive multi-strategy technical analysis tool that combines pivot point analysis with advanced indicators to identify key price levels and market conditions.
#### Overview
This indicator integrates pivot points with popular technical analysis tools including Moving Averages, Bollinger Bands, MACD, and RSI. It automatically detects and draws support/resistance levels based on pivot points, while providing additional confirmation signals through multiple technical indicators.
#### Key Features
• Dynamic Pivot Point Detection
- Automated high/low pivot identification
- Volume and ATR filtering capabilities
- Customizable pivot lookback period
- Adjustable line extension and appearance
• Technical Analysis Integration
- Dual EMA system (8 & 21 defaults for scalping/intraday)
- Bollinger Bands with customizable parameters
- MACD crossover signals
- RSI overbought/oversold levels
• Pattern Recognition System
- Multiple candlestick pattern detection
- Auto-labeling of detected patterns
- Pattern confirmation with technical indicators
• Advanced Visualization
- Fibonacci retracement levels
- Customizable line styles and colors
- Multiple label display options
- Information-rich tooltips
#### Inputs/Parameters
• General Settings
- Pivot Length: Analysis window for pivot detection (2-20)
- Line Length: Extension of drawn lines (10-500)
- Maximum Lines: Number of levels displayed per side (1-50)
• Filter Settings
- Volume Filter: Optional volume confirmation
- ATR Filter: Volatility-based filtering
- Custom multipliers for both filters
• Technical Indicators
- Moving Averages: Periods, colors, and width
- Bollinger Bands: Period, multiplier, and visibility
- MACD: Fast, slow, and signal periods
- RSI: Period and threshold levels
#### Usage Notes
1. Configuration Tips:
- Start with default settings for initial analysis
- Adjust pivot length based on your timeframe
- Use filters for higher-quality signals
- Customize line appearance for better visibility
2. Signal Interpretation:
- Strong levels: Multiple indicators align
- Pattern confirmation: Check technical indicators
- Trend direction: Use MA crossovers
- Volatility: Monitor BB width
3. Best Practices:
- Use on multiple timeframes for confirmation
- Combine with volume analysis
- Monitor pattern formations at key levels
- Use alerts for real-time notifications
#### Alerts
Built-in alerts for:
- Pivot points formation
- MA crossovers
- BB breakouts
- RSI threshold crosses
- MACD signal line crosses
- Pattern completions
#### Version Notes
v1.0 - Initial release
• Full technical indicator suite
• Pattern recognition system
• Multiple visualization options
#### Disclaimer
This technical indicator is for information purposes only. Always combine with other analysis methods and proper risk management.
Market Liquidity & EMA OverlaySépalo utilizar y le sacará provecho: Al identificar las áreas de alta relevancia y combinarlo con señales de tendencias, este indicador puede convertirse en una herramienta esencial para mejorar la precisión de sus operaciones. Aplique un análisis cuidadoso y ajuste su estrategia para maximizar sus beneficios. ¡El éxito está en los detalles!
RSI + MA Strategy DTISimpel RSI + MA strategy Uitleg:
RSI Instellingen: De rsiPeriod is ingesteld op 14, en de overbought en oversold niveaus zijn respectievelijk 70 en 30.
Moving Averages: De EMA wordt berekend met een periode van 9 en de SMA met een periode van 50. Deze worden gebruikt om de trend te identificeren.
Koopconditie: De strategie opent een long positie wanneer de RSI onder de 30 (oversold) is en de EMA de SMA van onder naar boven kruist.
Verkoopconditie: De strategie opent een short positie wanneer de RSI boven de 70 (overbought) is en de EMA de SMA van boven naar beneden kruist.
Visualisatie: De RSI en de twee Moving Averages worden op de grafiek weergegeven voor een visuele inspectie.
Wat je kunt aanpassen:
RSI Periode: Als je de gevoeligheid van de RSI wilt aanpassen, kun je de rsiPeriod veranderen.
Moving Averages: De periodes van de EMA en SMA kunnen aangepast worden om andere trends te identificeren.
Overbought/Oversold Niveaus: De niveaus van RSI kunnen ook aangepast worden afhankelijk van je voorkeur voor wat je als overbought/oversold beschouwt.
Wat je kunt toevoegen:
Stop loss / Take profit: Je kunt ook stop loss- en take profit-niveaus toevoegen op basis van percentage of prijsdoelen.
Meer filters: Je kunt andere indicatoren toevoegen zoals volume, Bollinger Bands of zelfs een combinatie van meerdere RSI periodes om de nauwkeurigheid van je signalen te verbeteren.
Chaikin's Money FlowOverview : Chaikin's Money Flow (CMF) is a momentum indicator that measures the buying and selling pressure of a financial instrument over a specified period. By incorporating both price and volume, CMF provides a comprehensive view of market sentiment, helping traders identify potential trend reversals and confirm the strength of existing trends.
Key Features:
Volume-Weighted : Unlike price-only indicators, CMF accounts for trading volume, offering deeper insights into the forces driving price movements.
Oscillatory Nature : CMF oscillates between positive and negative values, typically ranging from -100 to +100, indicating the balance between buying and selling pressure.
Trend Confirmation : Positive CMF values suggest accumulating buying pressure, while negative values indicate distributing selling pressure. This aids in confirming the direction and strength of trends.
Calculation Details :
Intraday Intensity (II) = 100 × (2×Close−High−Low) / (High−Low) × Volume
Condition: If High=Low, II is set to 0 to prevent division by zero.
II_smoothed = SMA(II, lookback)
Applies a Simple Moving Average (SMA) to the Intraday Intensity over the defined lookback period to smooth out short-term fluctuations.
Volume Smoothing:
V_smoothed = EMA(Volume, Volume Smoothing Period)
Utilizes an Exponential Moving Average (EMA) to smooth the volume over the specified smoothing period, giving more weight to recent data.
Money Flow Calculation:
Money Flow = II_smoothed / V_smoothed
Condition: If Vsmoothed=0Vsmoothed=0, Money Flow is set to 0 to avoid division by zero.
Usage Instructions:
Parameters Configuration:
Lookback Period: Determines the number of periods over which Intraday Intensity is averaged. A higher value results in a smoother indicator, reducing sensitivity to short-term price movements.
Volume Smoothing Period: Defines the period for the EMA applied to Volume. Adjusting this parameter affects the responsiveness of the Money Flow indicator to changes in trading volume.
Interpreting the Indicator:
Positive Values (>0): Indicate buying pressure. The higher the value, the stronger the buying interest.
Negative Values (<0): Signal selling pressure. The lower the value, the more intense the selling activity.
Crossovers: Watch for Money Flow crossing above the zero line as potential buy signals and crossing below as potential sell signals.
Divergence: Identify divergences between Money Flow and price movements to anticipate possible trend reversals.
Complementary Analysis:
Confluence with Other Indicators: Use CMF in conjunction with trend indicators like Moving Averages or oscillators like RSI to enhance signal reliability.
Volume Confirmation: CMF's volume-weighted approach makes it a powerful tool for confirming the validity of price trends and breakouts.
Acknowledgment: This implementation of Chaikin's Money Flow Indicator is inspired by and derived from the methodologies presented in "Statistically Sound Indicators" by Timothy Masters. The indicator has been meticulously translated to Pine Script to maintain the statistical integrity and effectiveness outlined in the source material.
Disclaimer: The Chaikin's Money Flow Indicator is a tool designed to assist in trading decisions. It does not guarantee profits and should be used in conjunction with other analysis methods. Trading involves risk, and it's essential to perform thorough testing and validation before deploying any indicator in live trading environments.
Volume BullBear PowerThe Volume BullBear Power indicator (VBBP) plots the buy/sell strength on a histogram and it is recommended to use this indicator's timeframe as being exactly twice the close timeframe.
VBBP can indicate trend reversals when crossing the zero line
VBBP can indicate bull/bear rallys wheter if it is increasing or decreasing
At certain times, VBBP may indicate false trend reversals when crossing the zero line. Therefore, to avoid false trend reversals, wait for a few confirmation candles after VBBP crosses the zero line.
Noise Footprint ImbalanceNoise Footprint Imbalance Indicator
The Noise Footprint Imbalance Indicator highlights areas of imbalance in price action, marking potential zones of support and resistance. This indicator helps traders visualize "footprints" of imbalance on the chart, allowing for better identification of areas where price moves significantly away from equilibrium. This can help traders pinpoint potential reversal points or zones where buyers or sellers may step in.
Features
Customizable Box Count: Choose the maximum number of imbalance zones displayed on the chart, keeping your workspace clear and focused.
Imbalance Detection: Highlights both top and bottom imbalances, identifying them based on price discrepancies between open/close and high/low levels.
Dynamic Zone Boxes: Draws boxes around imbalance zones with customizable colors and transparency, providing visual clarity without overwhelming the chart.
Usage
This indicator is beneficial for traders who:
Use imbalance zones as potential areas of interest for entries or exits.
Want to combine it with other indicators or price action analysis to improve trade setups.
Customization Options
Maximum Imbalance Zones: Adjusts the maximum number of imbalance boxes shown.
Imbalance Box Color: Customize the color and transparency of the imbalance zones to suit your chart's theme.
Add this script to your chart to enhance your technical analysis and bring more structure to your trading approach with the Noise Footprint Imbalance Indicator.
Advanced Pivot Manipulation SuperTrend - Consolidation ZoneHere’s the description translated into English for your TradingView publication:
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Advanced Pivot Manipulation SuperTrend - Consolidation Zone
Description :
This advanced indicator combines multiple technical tools to provide a comprehensive analysis of trends, key levels, and consolidation zones. Ideal for traders seeking to spot opportunities while avoiding the traps of flat markets, it helps you better understand market dynamics and improve your trading decisions.
Key Features:
1.
Dynamic SuperTrend with Pivot Points:
- An enhanced SuperTrend algorithm based on pivot points for more precise trend tracking.
- Thresholds (Up/Dn) are dynamically adjusted using ATR (Average True Range) for improved volatility adaptation.
2. Consolidation Zones:
- Automatically identifies periods when the market moves within a narrow range (1% by default).
- Consolidation zones are visually highlighted to help avoid risky trades.
3. Dynamic Support and Resistance:
- Automatically calculates support and resistance levels based on a rolling period (configurable).
- These levels serve as key references for potential breakouts or trend reversals.
4. Advanced Detection Tools:
- Includes a volume multiplier and shadow-to-body ratio to signal unusual or potentially manipulated moves (e.g., spoofing).
5. Intuitive Visuals:
- SuperTrend lines are color-coded to indicate bullish (green) or bearish (red) trends.
- Semi-transparent lines mark support and resistance levels, and red backgrounds indicate consolidation zones.
Customizable Parameters:
- Pivot Point Period: Adjust the period for detecting pivot highs and lows.
- ATR Factor and Period: Control the sensitivity of the SuperTrend indicator.
- Lookback Period for S/R: Define the duration for calculating support and resistance levels.
- Volume Multiplier and Shadow/Body Ratio: Configure thresholds for detecting high volumes or anomalies in candlestick patterns.
How to Use:
- Easily identify dominant trends using the SuperTrend.
- Spot consolidation zones to avoid inefficient trades or prepare breakout strategies.
- Use support and resistance levels as reference points for placing orders or adjusting risk management.
Target Audience:
- Intraday and swing traders.
- Anyone looking for a comprehensive and customizable indicator to effectively analyze volatile markets.
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Notes:
The indicator is fully customizable to suit your needs and strategies. Feel free to experiment with the parameters to maximize its effectiveness according to your trading style.
Keywords: SuperTrend, Support and Resistance, Consolidation, Pivot Points, Trends, ATR, Advanced Trading.
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This description highlights the indicator’s strengths and is designed to appeal to the TradingView community.
OA S/R PowerPurpose of the Script
This script identifies the strength of support and resistance levels based on key factors like volume, bounce frequency, and retests. Each level is assigned a score (0-100) and visualized with color-coded labels on the chart.
Key Features
Dynamic Strength Calculation:
Volume Strength: Measures the strength based on the volume of candles touching the level.
Bounce Strength: Evaluates how often the price bounces back from the level.
Retest Strength: Scores the consistency of retests over time.
Color-Coded Visualization:
Yellow: Strong levels (Strength ≥ 70).
Orange: Medium levels (Strength between 50-70).
Red: Resistance levels (Price is below the level).
Green: Support levels (Price is above the level).
Fully Customizable Settings:
Adjust the weight for volume, bounce, and retest contributions.
Configure timeframes, percentage range, and number of levels to analyze.
How It Works
Identify Peaks and Valleys: The script calculates local highs and lows using a configurable width setting to determine potential support and resistance levels.
Filter Key Levels: Nearby levels are merged based on a user-defined percentage range, ensuring clean and relevant levels.
Strength Scoring: Levels are scored dynamically based on:
The number of touches.
The volume of touches.
The frequency of bounces and retests.
Visual Feedback: Each level is plotted on the chart with a color-coded label, indicating its importance and price relationship.
Best Use Cases
Quickly identify strong support/resistance zones for breakout or reversal trades.
Use the dynamic scoring system to prioritize key levels for your strategy.
Customize weights to align with your trading style, such as emphasizing volume or retests.
TechniTrend: Advance Custom Candle Finder (CCF)🟦 Description:
The TechniTrend: Advanced Custom Candle Finder (CCF) is a versatile tool designed to help traders identify custom candlestick patterns using various configurable criteria. This indicator provides a flexible framework to filter and highlight specific candles based on volume, volatility, candle characteristics, and other important metrics. Below is a detailed explanation of each filter and its customization options:
🟦 Volume-Based Filters
🔸Volume Spike Filter:
Enable filtering based on volume spikes. Use the Volume Spike Multiplier to define what constitutes a significant increase in volume compared to the average. A spike indicates unusually high trading interest.
🔸Volume Range Filter:
Filter candles based on specific volume ranges. Set Minimum Volume and Maximum Volume thresholds to isolate candles with trading volumes within your desired boundaries.
🟦 Candle Body & Wick Filters
🔸Body Size Filter:
Filter candles based on the size of their body. A Body Size Multiplier determines what is considered a large body relative to historical averages.
🔸Body Percentage Filter:
Filter based on the proportion of the body to the entire candle size. Use the Body Percentage Threshold to highlight candles where the body makes up a certain percentage of the total candle range.
🔸Wick-to-Body Ratio Filter:
Identify candles with specific wick-to-body ratios. A higher Wick-to-Body Ratio can indicate indecision or reversals.
🟦 Volatility & Range Filters
🔸Volatility Filter:
Highlight candles based on price changes relative to volume. The Volatility Multiplier sets the threshold for what is considered a volatile candle.
🔸Candle Range Filter:
Filter based on the range (High - Low) of each candle. Use Minimum Candle Range and Maximum Candle Range to specify your desired candle size in points or pips.
🔸Short-Term and Long-Term Volatility Filters:
Analyze volatility over different periods. Enable Short-Term Volatility or Long-Term Volatility filters to compare recent volatility against historical averages, helping you detect sudden market shifts.
🟦 Candle Color & Open/Close Filters
🔸Candle Color Filter:
Filter based on the candle's color. Choose between Bullish (close > open) or Bearish (close < open) to focus on specific market sentiments.
🔸Open/Close Price Range Filter:
Filter based on the difference between the open and close prices. Use Minimum Open/Close Range and Maximum Open/Close Range to specify your acceptable range in price movements.
🟦 Core Functionality
The CCF indicator combines these filters to provide a final signal whenever a candle meets all the enabled criteria. By default, it highlights any qualifying candle directly on the chart and changes the background color for added visibility.
🟦 Key Features:
🔸Highly Customizable Filters: Adjust the parameters for each filter to tailor the indicator to your specific needs.
🔸Multiple Conditions: Combine several conditions to identify complex candlestick patterns.
🔸Real-Time Alerts: Receive instant notifications when a matching candle pattern is found based on your custom criteria.
🟦 How to Use:
🔸Enable the filters you wish to apply (e.g., Volume Spike, Candle Body Size, Volatility).
🔸Adjust the thresholds for each filter to fine-tune the pattern recognition criteria.
🔸Observe the chart to see visual cues for candles that match your specified conditions.
🟦 Notes:
🔸Ensure that you clearly understand each filter’s role. Over-filtering with very strict criteria may reduce the number of signals.
🔸This indicator is designed to be a customizable tool, not providing buy or sell recommendations.
🔸Use in combination with other analysis tools and indicators for the best results.
Volume-Based Bar ColorThis indicator changes the bar color if the bar has more than a specified amount of volume. Best use case would be to apply it to a tick chart (ex: 500 Tick) and set the volume threshold to say 590-600 volume. This would show you visually where and when 18-20% more volume than required was in a candle. That candle can then be used to identify volume based zones where buys and sellers may be in control. Works well with volume profile.
SMB MagicSMB Magic
Overview: SMB Magic is a powerful technical strategy designed to capture breakout opportunities based on price movements, volume spikes, and trend-following logic. This strategy works exclusively on the XAU/USD symbol and is optimized for the 15-minute time frame. By incorporating multiple factors, this strategy identifies high-probability trades with a focus on risk management.
Key Features:
Breakout Confirmation:
This strategy looks for price breakouts above the previous high or below the previous low, with a significant volume increase. A breakout is considered valid when it is supported by strong volume, confirming the strength of the price move.
Price Movement Filter:
The strategy ensures that only significant price movements are considered for trades, helping to avoid low-volatility noise. This filter targets larger price swings to maximize potential profits.
Exponential Moving Average (EMA):
A long-term trend filter is applied to ensure that buy trades occur only when the price is above the moving average, and sell trades only when the price is below it.
Fibonacci Levels:
Custom Fibonacci retracement levels are drawn based on recent price action. These levels act as dynamic support and resistance zones and help determine the exit points for trades.
Take Profit/Stop Loss:
The strategy incorporates predefined take profit and stop loss levels, designed to manage risk effectively. These levels are automatically applied to trades and are adjusted based on the market's volatility.
Volume Confirmation:
A volume multiplier confirms the strength of the breakout. A trade is only considered when the volume exceeds a certain threshold, ensuring that the breakout is supported by sufficient market participation.
How It Works:
Entry Signals:
Buy Signal: A breakout above the previous high, accompanied by significant volume and price movement, occurs when the price is above the trend-following filter (e.g., EMA).
Sell Signal: A breakout below the previous low, accompanied by significant volume and price movement, occurs when the price is below the trend-following filter.
Exit Strategy:
Each position (long or short) has predefined take-profit and stop-loss levels, which are designed to protect capital and lock in profits at key points in the market.
Fibonacci Levels:
Fibonacci levels are drawn to identify potential areas of support or resistance, which can be used to guide exits and stop-loss placements.
Important Notes:
Timeframe Restriction: This strategy is designed specifically for the 15-minute time frame.
Symbol Restriction: The strategy works exclusively on the XAU/USD (Gold) symbol and is not recommended for use with other instruments.
Best Performance in Trending Markets: It works best in trending conditions where breakouts occur frequently.
Disclaimer:
Risk Warning: Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and make informed decisions before trading.
SessionsOverview of the "Sessions" Indicator
The "Sessions" indicator is a powerful tool designed for traders who want to visualize and analyze the market activity during different global trading sessions directly on their charts. This indicator highlights the London, New York, Tokyo, and Sydney sessions with distinct background colors, making it easy to see when each market is open.
Key Features
Session Visualization: The indicator provides clear visual cues for the active trading sessions, allowing traders to quickly identify periods of high market activity.
Customizable Timeframes: Users can set their preferred resolution for viewing session data, making it adaptable to any trading strategy.
Automatic Session Detection: The indicator automatically detects the start and end of each session based on specified times, updating in real-time as the market progresses.
Practical Applications
Trend Identification: By observing how prices move during specific sessions, traders can identify trends and make informed predictions about future price movements.
Volatility Analysis: Different sessions often exhibit varying levels of volatility. This indicator helps traders anticipate potential price spikes or lulls during these times.
Strategy Optimization: Traders can optimize their strategies by focusing on sessions that align with their trading style, whether it's the high volatility of the London session or the quieter Sydney session.
Market Overlap: The indicator makes it easy to see when sessions overlap, which is typically when the market experiences increased liquidity and volatility.
Conclusion
The "Sessions" indicator is an essential tool for traders looking to enhance their market analysis by visualizing global trading sessions. Whether you're a day trader seeking to capitalize on volatile market conditions or a swing trader looking for optimal entry and exit points, this indicator provides valuable insights into market dynamics.
ATR and Volume AnalysisHi!
I would like to present an indicator that's meant to measure ratio of Volatility to Volume.
Basically it measures 2 moving averages (14 and 100 period) of ATR and Volume and then compares them. The output is ATR14 / Vol14
Color scheme
Red: Volume and ATR is both below 14 period
Green: Both are above
Yellow: Volume up, volatility down
Purple: Volume down, volatility up
Then there are two lines - 1 and 1.5
That is, in my opinion, the most optimal state to trade, because 1 means that there is some volatility and it's confirmed by volume. Above 1,5 you could see it as overbought (or oversold) zone. If it's above this line, we could expect a retracement since the volatility is not backed by volume. Above 2 it's quite critical and I would suggest closing trades.
(You can use it across all timeframes. In fact it's better if you do so. Longer timeframes are good for spotting tradeable markets while shorter timeframes show overbought / oversold zones)
I have also added option to choose between 4 different moving averages, but in my opinion RMA works the best.
Feel free to share some feedback, I would really appreciate it.
Sincerely,
Beefmaster
Enhanced Volume Flow Analysis Pro ♾️ IFEnhanced Volume Flow Analysis Pro (EVFA Pro)
A Comprehensive Guide to Understanding and Using Volume Flow Analysis
Introduction
The Enhanced Volume Flow Analysis Pro (EVFA Pro) represents a sophisticated approach to understanding market dynamics through the lens of volume analysis. This advanced technical indicator has been designed to peel back the layers of market activity, revealing the intricate dance between institutional and retail traders. By combining volume analysis, participant behavior patterns, and market condition recognition, EVFA Pro provides traders with a deeper understanding of market movements and potential opportunities.
Understanding the Core Framework
At its heart, EVFA Pro works by analyzing and categorizing trading volume based on several key characteristics. The indicator examines not just the raw volume, but also the context in which that volume occurs. It considers factors such as price movement, historical patterns, and market conditions to classify trading activity as either institutional or retail in nature.
The framework adapts dynamically to different market environments. Whether you're trading stocks, ETFs, cryptocurrencies, or commodities, the indicator automatically adjusts its parameters to match the typical behavior patterns of each asset class. This adaptability extends to different trading styles as well, with optimizations for everything from quick-paced scalping to longer-term position trading.
Market Participant Analysis
One of the most powerful aspects of EVFA Pro is its ability to distinguish between institutional and retail trading activity. The indicator accomplishes this through a sophisticated analysis of volume patterns, order flow, and price action. Institutional trading typically leaves distinct footprints in the market - large, well-organized volume patterns that often occur at strategic price levels. EVFA Pro identifies these patterns and separates them from the more scattered, emotion-driven patterns typical of retail trading.
The indicator maintains a constant watch on participation rates from both groups. When institutional participation rises above normal levels, it could signal the beginning of a significant move. Similarly, spikes in retail activity, especially when combined with certain price patterns, might indicate potential market turning points.
Reading Market Conditions
Market conditions are not static, and EVFA Pro recognizes this fundamental truth. The indicator continuously evaluates market conditions, classifying them into four main categories: normal, volatile, ranging, and trending. This classification isn't merely descriptive - it directly influences how the indicator interprets various patterns and signals.
In volatile markets, the indicator becomes more conservative in its pattern recognition, requiring stronger confirmation before signaling potential opportunities. During ranging periods, it adjusts to look for shorter-term movements and potential breakout scenarios. In trending markets, the focus shifts to finding continuation patterns and potential exhaustion points.
Pattern Recognition and Signal Generation
Pattern recognition in EVFA Pro goes beyond simple technical patterns. The indicator looks for complex interactions between volume, price, and participant behavior. It identifies accumulation patterns - periods where institutional buyers are actively building positions, often while keeping price movements relatively subtle to avoid drawing attention. Similarly, it recognizes distribution patterns, where larger players are gradually reducing positions.
Signal generation involves a sophisticated weighing of multiple factors. Volume strength, institutional participation, trend alignment, and price momentum all play roles in determining signal strength. This multi-factor approach helps reduce false signals and provides a more reliable indication of potential market moves.
Visual Analysis Tools
The visual components of EVFA Pro have been carefully designed to present complex information in an intuitive format. The main chart overlay uses color-coded volume bars to show the relative participation of institutional and retail traders. The intensity of these colors varies with volume significance, helping traders quickly identify potentially important market activity.
The information table provides a real-time summary of market conditions, participant activity, and detected patterns. This dashboard-style display allows traders to quickly assess market conditions and potential opportunities without needing to analyze multiple indicators.
Practical Application in Trading
To use EVFA Pro effectively, traders should integrate it into a comprehensive trading strategy. The indicator works best when its signals are considered alongside other forms of analysis and risk management tools. Strong signals from EVFA Pro might suggest potential opportunities, but traders should always consider the broader market context, their own risk tolerance, and their overall trading plan.
The indicator's alerts system can help traders stay informed of potentially significant market developments. However, these alerts should be viewed as starting points for analysis rather than automatic trading signals. Each alert provides specific information about the type of pattern or condition detected, allowing traders to quickly assess whether further investigation is warranted.
Advanced Features and Customization
EVFA Pro offers extensive customization options to suit different trading styles and preferences. Traders can adjust sensitivity levels, color schemes, and display options to match their needs. The indicator also includes special considerations for different trading sessions, allowing for more accurate analysis during pre-market, regular trading hours, and after-hours periods.
Market Application and Interpretation
Success with EVFA Pro comes from understanding not just what it shows, but why it shows what it does. The indicator's patterns and signals reflect real market dynamics - the actions and reactions of different types of traders. By understanding these underlying dynamics, traders can make more informed decisions about market opportunities and risks.
Disclaimer
This indicator and documentation are provided for educational and informational purposes only. Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The analysis provided by the Enhanced Volume Flow Analysis Pro indicator should not be considered as financial advice or a recommendation to make any specific trade or investment. Users of this indicator should understand that:
1. Past performance is not indicative of future results
2. All trading decisions and their outcomes are the responsibility of the individual trader
3. This tool should be used as part of a comprehensive trading strategy that includes proper risk management and due diligence
4. Markets can be highly unpredictable, and no technical analysis tool can guarantee success
Users should carefully consider their investment objectives, level of experience, and risk appetite before using this indicator. It is strongly recommended to consult with a qualified financial advisor before making any investment decisions.
Candle Spread
Candle Spread is an indicator that helps traders measure the range of price movement within each candle over a specified time period. It calculates the range of the candle between the High and Low (High - Low) and displays it in a separate window below the chart as columns.
Key Features:
Colored Bars: The bars are colored based on the candle's direction:
Bullish Candle: Bars are Green.
Bearish Candle: Bars are Red.
Moving Average: The indicator includes a 30-period Simple Moving Average (SMA), which represents the overall average range of the candles.
Helps Identify Market Volatility: This indicator helps traders identify wide-range candles (signaling high volatility in the market), which could indicate a surge in momentum or potential trend reversals.
Reversal Signals [AlgoAlpha]📈🔄 Reversal Signals – Master Market Reversals with Precision! 🚀✨
Elevate your trading strategy with the Reversal Signals indicator by AlgoAlpha. This advanced tool is designed to pinpoint potential bullish and bearish reversals by analyzing price action and, optionally, volume confirmations. It seamlessly combines reversal detection with trend analysis, giving you a comprehensive view of market dynamics to make informed trading decisions.
Key Features
🔎 Price Action Reversal Detection : Identifies potential reversal points by comparing current price movements against historical candle patterns within a customizable lookback period.
📊 Volume Confirmation : Optionally integrates volume analysis to confirm the strength of reversal signals, enhancing their reliability.
📈 Stepped Moving Average Trend Indicator : Employs a stepped moving average that adjusts at set intervals to reflect underlying market trends.
⚙️ Customizable Settings : Tailor the indicator to your trading style with adjustable parameters for lookback periods, confirmation windows, moving average types, and more.
🎨 Visual Signals and Trend Coloring : Clear on-chart labels for reversal signals and color-coded trend areas to quickly identify bullish and bearish conditions.
🔔 Alerts for Key Market Events : Set up custom alerts for reversal signals and trend shifts to stay ahead of market movements.
Quick Guide to Using the Reversal Signals Indicator :
🛠 Add the Indicator : Add the indicator to your favorites by pressing the star icon. Customize settings like Candle Lookback, Confirm Within, and Use Volume Confirmation to fit your trading style.
📊 Market Analysis : Observe the "𝓡" labels on the chart indicating bullish and bearish reversal signals. Look for labels below the bars for bullish signals and above the bars for bearish signals. Use the color-filled areas between the stepped moving average and the center line to assess market trends.
🔔 Alerts : Enable notifications for reversal signals and trend shifts to stay informed about market movements without constantly monitoring the chart.
How It Works
The Reversal Signals indicator operates by conducting a thorough analysis of price action over a user-defined lookback period. For a bullish reversal, the indicator checks if the current closing price is lower than the lows of the preceding candles within the lookback window, suggesting a potential oversold condition. If this criterion is met, it marks the candle as a potential reversal point and waits for confirmation within a specified number of subsequent candles. Confirmation occurs when the price rises above the high of the identified candle, signaling a bullish reversal. An optional volume confirmation can be enabled to ensure that the reversal is supported by higher-than-average trading volume, adding an extra layer of validation to the signal. The process is mirrored for bearish reversals, where the indicator looks for the closing price exceeding previous highs and awaits confirmation of a downward move.
Complementing the reversal signals, the indicator features a stepped moving average that serves as a dynamic trend indicator. This moving average updates at intervals defined by the MA Step Period and shifts direction based on price crossings. If the price remains above the stepped MA, it indicates a bullish trend, coloring the area between the MA and the center line in green. Conversely, if the price falls below the stepped MA, a bearish trend is signaled, and the area is shaded red. This visual representation helps traders quickly assess the prevailing market trend and align their trading decisions accordingly.
Experience a new level of market insight with the Reversal Signals indicator. Add it to your TradingView chart today and enhance your ability to detect and act on key ma
Deshmukh TVWAP (Multi-Timeframe)The TVWAP is an indicator that calculates the average price of an asset over a specified period, but instead of giving equal weight to each price during the period, it gives more weight to the later time periods within the trading session. It is essentially the running average of the price as time progresses.
Time-Weighted Calculation: Each data point (close price) gets a weight based on how much time has passed since the start of the session. The more time that has passed, the more "weight" is given to that price point.
Session-Based Calculation: The TVWAP resets at the start of each trading session (9:15 AM IST) and stops calculating after the session ends (3:30 PM IST). This ensures that the indicator only reflects intraday price movements during the active market hours.
Working of the Indicator in Pine Script
Session Timing:
The session runs from 9:15 AM to 3:30 PM IST, which is the standard market session for the Indian stock market. The script tracks whether the current time is within this session.
At the start of the session, the script resets the calculations.
Time-Weighted Average Price Calculation:
Each time a new price data (close price) comes in, the script adds the closing price to a cumulative sum (cumulativePriceSum).
It also counts how many time intervals (bars) have passed since the session started using cumulativeCount.
The TVWAP value is updated in real-time by dividing the cumulative price sum by the number of bars that have passed (cumulativePriceSum / cumulativeCount).
Buy and Sell Signals:
The TVWAP can act as a dynamic support/resistance level:
Buy Signal: When the price is below the TVWAP line, the script plots a green "Buy" signal below the bar.
Sell Signal: When the price is above the TVWAP line, the script plots a red "Sell" signal above the bar.
The logic behind this is simple: if the price is below TVWAP, it might be undervalued, and if it's above, it could be overvalued, making it a good time to sell.
Plotting TVWAP:
The TVWAP line is plotted in blue on the chart to provide a visual representation of the time-weighted average price throughout the session.
It updates with each price tick, helping traders identify trends or reversals during the day.
Key Components and How They Work
Session Timing (sessionStartTime and sessionEndTime):
These are used to check if the current time is within the trading session. The TVWAP only calculates the average during active market hours (9:15 AM to 3:30 PM IST).
Cumulative Calculation:
The variable cumulativePriceSum accumulates the sum of closing prices during the session.
The variable cumulativeCount counts the number of time periods that have elapsed (bars, or ticks in the case of minute charts).
TVWAP Calculation:
The TVWAP is calculated by dividing the cumulative sum of the closing prices by the cumulative count. This gives a time-weighted average for the price.
Plotting and Signals:
The TVWAP value is plotted as a blue line.
Buy Signals (green) are generated when the price is below the TVWAP line.
Sell Signals (red) are generated when the price is above the TVWAP line.
Use Cases of TVWAP
Intraday Trading: TVWAP is particularly useful for intraday traders because it adjusts in real-time based on the average price movements throughout the session.
Scalping: For scalpers, TVWAP acts as a dynamic reference point for entering or exiting trades. It helps in identifying short-term overbought or oversold conditions.
Trend Confirmation: A rising TVWAP suggests a bullish trend, while a falling TVWAP suggests a bearish trend. Traders can use it to confirm the direction of the trend before taking trades.
Support/Resistance: The TVWAP can also act as a dynamic level of support or resistance. Prices below TVWAP are often considered to be in a support zone, while prices above are considered resistance.
Advantages of TVWAP
Time-Weighted: Unlike traditional moving averages (SMA or EMA), TVWAP focuses on time rather than price or volume, which gives more relevance to later price points in the session.
Adaptability: It can be used across various timeframes, such as 3 minutes, 5 minutes, 15 minutes, etc., making it versatile for both scalping and intraday strategies.
Actionable Signals: With clear buy/sell signals, TVWAP simplifies decision-making for traders and helps reduce noise.
Limitations of TVWAP
Intraday Only: TVWAP is a day-specific indicator, so it resets each session. It cannot be used across multiple sessions (like VWAP).
Doesn't Account for Volume: Unlike VWAP, which accounts for volume, TVWAP only considers time. This means it may not always be as reliable in extremely low or high-volume conditions.
Conclusion
The TVWAP indicator provides a time-weighted view of price action, which is especially useful for traders looking for a more time-sensitive benchmark to track price movements during the trading day. By working across all timeframes and providing actionable buy and sell signals, it offers a dynamic tool for scalping, intraday trading, and trend analysis. The ability to visualize price relative to TVWAP can significantly enhance decision-making, especially in fast-moving markets.
Wick Highlight IndicatorDescription:
This script is designed to help traders quickly spot significant wicks, which indicate areas of strong market rejection. By focusing on longer wicks, it identifies potential turning points where there was a strong buying or selling reaction.
Features:
Adjustable Minimum Wick Length: Users can set the minimum length of wicks to be highlighted, helping filter out less significant wicks. Default is set at 50 points.
Seller and Buyer Wick Analysis: Highlights both the top (seller pressure) and bottom (buyer pressure) wicks separately, giving a clearer view of market strength and rejection.
Non-Intrusive Display: Wicks are highlighted in black at 10% opacity, providing clear visual markers while keeping the chart clean and readable.
How to Use It: This indicator is open-source and free for all users. It aims to identify wicks that are larger than the average noise, which often indicates strong price rejections or future targets. You can adjust the minimum length to tailor the indicator to different market conditions and trading styles.
Why It Matters: Wicks often signify moments when price levels were rejected strongly, pointing to areas of potential support or resistance. By focusing only on significant wicks, this indicator helps you hone in on potential key levels of interest without overwhelming the chart with less important data. This can be particularly useful in spotting reversals or market exhaustion.
No other indicators are required, and the chart is kept clean for clarity and ease of understanding.
Notes:
This is an open-source script, and no solicitations or ads are included.
The indicator is intended to highlight significant wicks only and does not issue any buy/sell signals.
It is compliant with TradingView's publishing rules, focusing on transparency, clarity, and adding value to the community.
