ICT Killzones + Pivots [TFO]Designed with the help of TTrades and with inspiration from the ICT Everything indicator by coldbrewrosh, the purpose of this script is to identify ICT Killzones while also storing their highs and lows for future reference, until traded through.
There are 5 Killzones / sessions whose times and labels can all be changed to one's liking. Some prefer slight alterations to traditional ICT Killzones, or use different time windows altogether. Either way, the sessions are fully customizable. The sessions will auto fit to keep track of the highs and lows made during their respective times, and these pivots will be extended until they are invalidated.
There are also 4 optional Open Price lines and 4 vertical Timestamps, where the user can change the time and style of each one as well.
To help maintain a clean chart, we can implement a Cutoff Time where all drawings will stop extending past a certain point. The indicator will apply this logic by default, as it can get messy with multiple drawings starting and stopping throughout the day at different times.
Given the amount of interest I've received about this indicator, I intend to leave it open to suggestions for further improvements. Let me know what you think & what you want to see added!
Pivot
lib_trackingLibrary "lib_tracking"
tracking highest and lowest with anchor point to track over dynamic periods, e.g. to track a Session HH/LL live and get the bar/time of the LTF wick that matches the HTF HH/LL
// DESIGN DECISION
// why anchored replacements for ta.highest / ta.highestbars / ta.lowest / ta.lowestbars:
// 1. they require a fixed length/lookback which makes it easier to calculate, but
// 2. this prevents us from tracking the HH/LL of a changing timeframe, e.g. live tracking the HH/LL of a running session or unfinished higher timeframe
// 3. tracking with anchor/start/reset flag allows to persist values until the next start/reset, so no other external storage is required
track_highest(value, reset, track_this_bar)
Parameters:
value (float)
reset (bool) : boolean flag to restart tracking from this point (a.k.a anchor)
track_this_bar (bool) : allows enabling and disabling of tracking, e.g. before a session starts or after it ends, values can be kept until next reset.
track_lowest(value, reset, track_this_bar)
Parameters:
value (float)
reset (bool) : boolean flag to restart tracking from this point (a.k.a anchor)
track_this_bar (bool) : allows enabling and disabling of tracking, e.g. before a session starts or after it ends, values can be kept until next reset.
track_hl_htf(htf, value_high, value_low)
Parameters:
htf (string) : the higher timeframe in pinescript string notation
value_high (float)
value_low (float)
Returns:
PivotLibrary "Pivot"
This library helps you store and manage pivots.
bias(isHigh, isHigher, prevWasHigher)
Helper function to calculate bias.
Parameters:
isHigh (bool) : (bool) Wether the pivot is a pivot high or not.
isHigher (bool) : (bool) Wether the pivot is a higher pivot or not.
@return (bool) The bias (true = bullish, false = bearish, na = neutral).
prevWasHigher (bool)
biasToString(bias)
Parameters:
bias (bool)
biasToColor(bias, theme)
Parameters:
bias (bool)
theme (Theme)
nameString(isHigh, isHigher)
Parameters:
isHigh (bool)
isHigher (bool)
abbrString(isHigh, isHigher)
Parameters:
isHigh (bool)
isHigher (bool)
tooltipString(y, isHigh, isHigher, bias, theme)
Parameters:
y (float)
isHigh (bool)
isHigher (bool)
bias (bool)
theme (Theme)
createLabel(x, y, isHigh, isHigher, prevWasHigher, settings)
Parameters:
x (int)
y (float)
isHigh (bool)
isHigher (bool)
prevWasHigher (bool)
settings (Settings)
new(x, y, isHigh, isHigher, settings)
Parameters:
x (int)
y (float)
isHigh (bool)
isHigher (bool)
settings (Settings)
newArray(size, initialValue)
Parameters:
size (int)
initialValue (Pivot)
method getFirst(this)
Namespace types: Pivot
Parameters:
this (Pivot )
method getLast(this, isHigh)
Namespace types: Pivot
Parameters:
this (Pivot )
isHigh (bool)
method getLastHigh(this)
Namespace types: Pivot
Parameters:
this (Pivot )
method getLastLow(this)
Namespace types: Pivot
Parameters:
this (Pivot )
method getPrev(this, numBack, isHigh)
Namespace types: Pivot
Parameters:
this (Pivot )
numBack (int)
isHigh (bool)
method getPrevHigh(this, numBack)
Namespace types: Pivot
Parameters:
this (Pivot )
numBack (int)
method getPrevLow(this, numBack)
Namespace types: Pivot
Parameters:
this (Pivot )
numBack (int)
method getText(this)
Namespace types: Pivot
Parameters:
this (Pivot)
method setX(this, value)
Namespace types: Pivot
Parameters:
this (Pivot)
value (int)
method setY(this, value)
Namespace types: Pivot
Parameters:
this (Pivot)
value (float)
method setXY(this, x, y)
Namespace types: Pivot
Parameters:
this (Pivot)
x (int)
y (float)
method setBias(this, value)
Namespace types: Pivot
Parameters:
this (Pivot)
value (int)
method setColor(this, value)
Namespace types: Pivot
Parameters:
this (Pivot)
value (color)
method setText(this, value)
Namespace types: Pivot
Parameters:
this (Pivot)
value (string)
method add(this, pivot)
Namespace types: Pivot
Parameters:
this (Pivot )
pivot (Pivot)
method updateLast(this, y, settings)
Namespace types: Pivot
Parameters:
this (Pivot )
y (float)
settings (Settings)
method update(this, y, isHigh, settings)
Namespace types: Pivot
Parameters:
this (Pivot )
y (float)
isHigh (bool)
settings (Settings)
Pivot
Stores Pivot data.
Fields:
x (series int)
y (series float)
isHigh (series bool)
isHigher (series bool)
bias (series bool)
lb (series label)
Theme
Attributes for customizable look and feel.
Fields:
size (series string)
colorDefault (series color)
colorNeutral (series color)
colorBullish (series color)
colorBearish (series color)
colored (series bool)
showTooltips (series bool)
showTooltipName (series bool)
showTooltipValue (series bool)
showTooltipBias (series bool)
Settings
All settings for the pivot.
Fields:
theme (Theme)
Rolling Pivot PointsStandard Pivot Points are calculated from the previous day’s (week/month/year) close/low/high values. But what is the day close for cryptocurrencies trading 24/7 on exchange? Does it make sense to use a specific time price as a close if it continues trading after that?
So I solved that issue with Rolling Pivot Points, where I calculate pivot points not at the end of the period but for every bar on a rolling basis. Every time I recalculate pivot points, I look at a window of period length in bars and base my calculations on these bars. This way, you get smooth pivot points changing with every bar, and it should better represent support and resistance for the price.
In this indicator, I implement three types of pivot points.
Camarilla
Fibonacci
Traditional
In terms of period, you can select any one you want. If you’ll keep Auto Indicator well, compute period automatically. For two days, for example, use ‘Day’ in Period and 2 in Period Mult parameters.
You can also change the type of MA used to smooth Pivot Points.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may perform less well than in historical backtesting.
This post and the script don’t provide any financial advice.
Supply and Demand Deluxe (Stock Justice)Introducing " Supply and Demand Deluxe (Stock Justice) " - the ultimate TradingView indicator that revolutionizes how traders identify crucial supply and demand levels. With its unrivaled capabilities across multiple timeframes, this indicator offers a comprehensive toolkit for traders seeking an edge in the market.
To fully harness the power of "Supply and Demand Deluxe," traders can fine-tune the indicator's input parameters to suit their preferences and trading strategies. Let's delve into the key components and functionalities that make this indicator truly exceptional:
Daily and Weekly Pivots :
The indicator empowers you to plot vital reference points, including the previous week's high and low, yesterday's high and low, and the midpoint of yesterday's range. These plots provide invaluable insights into market sentiment and potential turning points.
Weekly Supply and Demand Levels :
Regardless of what timeframe you are looking at, this indicator allows you to unlock the ability to plot weekly supply and demand levels directly on your chart. Enjoy the freedom to customize the number of levels to plot, choose line colors and styles, and decide whether to extend the lines. For a more comprehensive analysis, enable the "Show Price" option to view the associated prices.
Daily Supply and Demand Levels :
Similar to the weekly levels, this feature allows you to plot daily supply and demand levels with ease. Tailor the number of levels, line colors, and styles to your preferences. The "Extend Left" and "Extend Right" options provide flexibility in determining whether the lines extend to the left, right, or both. Enable the "Show Price" option to display the corresponding prices, enhancing your decision-making process.
Hourly Supply and Demand Levels :
Effortlessly plot hourly supply and demand levels on your chart. The indicator automatically identifies these levels based on the highest and lowest values of previous ranges. Customize the number of levels, line colors, and styles to match your visual preferences. As with the previous features, you can display prices associated with these levels, amplifying your trading insights.
ATR Expected Moves :
Gain a deeper understanding of potential price moves with the ATR Expected Moves feature. Based on the Average True Range (ATR), this functionality allows you to plot expected price ranges. Adjust the lookback length and multipliers to fine-tune the calculation according to your trading style. With the flexibility to extend lines, choose colors and line styles, and display prices, you can adapt the indicator to your specific needs.
Futures Levels :
For futures traders, "Supply and Demand Deluxe" provides specific levels for the Midnight Open, London Open, Asian Open, and the 8:30am EST level. These pre-defined levels act as valuable reference points, enabling you to navigate futures markets with confidence.
By incorporating these cutting-edge features, the Supply and Demand Deluxe indicator by Stock Justice empowers traders to identify key supply and demand levels across various timeframes. Its customizable visual elements and adaptable parameters allow traders to align the indicator with their unique trading strategies, amplifying their potential for success.
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UNIQUENESS
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This one-of-a-kind indicator stands out from existing tools in the market due to its unparalleled combination of features and customization options. While other indicators may focus on specific aspects of supply and demand analysis, "Supply and Demand Deluxe (Stock Justice)" brings together a comprehensive suite of tools that cater to traders across various timeframes. From daily and weekly pivots to hourly supply and demand levels, this indicator covers a wide range of trading scenarios, allowing users to gain a holistic view of market dynamics.
What truly sets "Supply and Demand Deluxe" apart is the fact that it is its emphasis on customization. Traders have the freedom to fine-tune every aspect of the indicator, from the number of plotted levels to the colors, line styles, and extension options. By providing such extensive customization capabilities, this indicator enables traders to align it precisely with their unique trading strategies and preferences. Whether you're an aggressive short-term trader or a patient long-term investor, "Supply and Demand Deluxe" adapts to your individual style, empowering you to make well-informed trading decisions.
Furthermore, the incorporation of the ATR Expected Moves feature adds an extra layer of sophistication to this indicator. By leveraging the Average True Range, traders can gain insights into expected price ranges, enhancing their risk management and trade planning. The ability to adjust the lookback length and multipliers ensures that traders can adapt the ATR calculations to suit their desired level of precision. This feature, combined with the indicator's visual plots and customizable elements, sets "Supply and Demand Deluxe (Stock Justice)" in a league of its own, providing traders with an edge in understanding and navigating the market.
In summary, the uniqueness of "Supply and Demand Deluxe (Stock Justice)" lies in its comprehensive approach to supply and demand analysis, its extensive customization options, and the incorporation of the ATR Expected Moves feature. With its ability to cater to traders across various timeframes and adapt to individual trading styles, this indicator empowers users to unlock the full potential of supply and demand analysis and make informed trading decisions with confidence.
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Embrace the future of trading with "Supply and Demand Deluxe (Stock Justice)" and unleash the full potential of supply and demand analysis in your trading endeavors. Elevate your trading journey with this game-changing indicator.
Trendline Pivots [QuantVue]Trendline Pivots
The Trend Line Pivot Indicator works by automatically drawing and recognizing downward trendlines originating from and connecting pivot highs or upward trendlines originating from and connecting pivot lows.
These trendlines serve as reference points of potential resistance and support within the market.
Once identified, the trend line will continue to be drawn and progress with price until one of two conditions is met: either the price closes(default setting) above or below the trend line, or the line reaches a user-defined maximum length.
If the price closes(default setting) above a down trend line or below an up trend line, an "x" is displayed, indicating the resistance or support has been broken. At the same time, the trend line transforms into a dashed format, enabling clear differentiation from active non-breached trend lines.
This indicator is fully customizable from line colors, pivot length, the number lines you wish to see on your chart and works on any time frame and any market.
Don't hesitate to reach out with any questions or concerns.
We hope you enjoy!
Cheers.
MTF Fusion - S/R Levels [TradingIndicators]MTF Fusion S/R Levels intelligently adapt to whatever timeframe you're trading - dynamically calculating pivot-based support and resistance levels combined from four appropriate higher timeframes to give you a much broader view of the market and an edge in your trading decisions. It is the second indicator in our MTF Fusion series, and leverages our MTF Fusion algorithm - only this time to visualize pivot-based S/R levels and zones.
These levels are not programmed to repaint - so you can use them in real-time just as they appeared historically.
What is MTF Fusion?
Multi-Timeframe (MTF) Fusion is the process of combining calculations from multiple timeframes higher than the chart's into one 'fused' value or indicator. It is based on the idea that integrating data from higher timeframes can help us to better identify short-term trading opportunities within the context of long-term market trends.
How does it work?
Let's use the context of this indicator, which calculates S/R Levels based on pivot points, as an example to explain how MTF Fusion works and how you can perform it yourself.
Step 1: Selecting Higher Timeframes
The first step is to determine the appropriate higher timeframes to use for the fusion calculation. These timeframes should typically be chosen based on their ability to provide meaningful price levels and action which actively affect the price action of the smaller timeframe you're focused on. For example, if you are trading the 5 minute chart, you might select the 15 minute, 30 minute, and hourly timeframe as the higher timeframes you want to fuse in order to give you a more holistic view of the trends and action affecting you on the 5 minute. In this indicator, four higher timeframes are automatically selected depending on the timeframe of the chart it is applied to.
Step 2: Gathering Data and Calculations
Once the higher timeframes are identified, the next step is to calculate the data from these higher timeframes that will be used to calculate your fused values. In this indicator, for example, the values of support and resistance levels are calculated by determining pivot points for all four higher timeframes.
Step 3: Fusing the Values From Higher Timeframes
The next step is to actually combine the values from these higher timeframes to obtain your 'fused' indicator values. The simplest approach to this is to simply average them. If you have calculated the value of a support level from three higher timeframes, you can, for example, calculate your 'multi-timeframe fused level' as (HigherTF_Support_Level_1 + HigherTF_Support_Level_2 + HigherTF_Support_Level_3) / 3.0.
Step 4: Visualization and Interpretation
Once the calculations are complete, the resulting fused indicator values are plotted on the chart. These values reflect the fusion of data from the multiple higher timeframes, giving a broader perspective on the market's behavior and potentially valuable insights without the need to manually consider values from each higher timeframe yourself.
What makes this script unique? Why is it closed source?
While the process described above is fairly unique and sounds simple, the truly important key lies in determining which higher timeframes to fuse together, and how to weight their values when calculating the fused end result in such a way that best leverages their relationship for useful TA.
This MTF Fusion indicator employs a smart, adaptive algorithm which automatically selects appropriate higher timeframes to use in fusion calculations depending on the timeframe of the chart it is applied to. It also uses a dynamic algorithm to adjust and weight the lookbacks used for pivot and S/R level calculations depending on each higher timeframe's relationship to the chart timeframe. These algorithms are based on extensive testing and are the reason behind this script's closed source status.
Included Features
Fusion Support and Resistance Levels
Dynamic Multi-Timeframe S/R Levels
Breakaway Zone fills to highlight breakouts and breakdowns from the Fusion S/R Levels
Customizable lookback approach
Pre-built color stylings
Options
Fusion View: Show/hide the Fusion S/R Levels calculated from multiple higher timeframes
MTF View: Show/hide the S?R levels from multiple higher timeframes used to calculate the Fusion S/R Levels
Breakaway Zones: Show/hide the fill for zones where price breaks away from the Fusion S/R Levels
Lookback: Select how you want your S/R Levels to be calculated (longer = long-term levels, shorter = short-term levels)
Pre-Built Color Styles: Use a pre-built color styling (uncheck to use your own colors)
Manual Color Styles: When pre-built color styles are disabled, use these color inputs to define your own
[TT] Entry ProIndicators doesnt make money, it is the concept behind the indicator that makes money. Please read and understand before contact. This is not for beginners or people who are looking for Buy Sell signals. Purely for those who can understand the concept of confluence.
This indicator will help you identify the Entry candle with confluence of SMC or Pivots or any other analysis that you use.
Rules to follow :-
1. Identify Support Resistance (Smart Money Concept), Pivots, Trendlines (Choice is Yours)
2. Once Identified S&R Look for Bearish Candle at resistance or Bullish signal at Support, mark the areas
NSE:NIFTY
3. At Support as shown above in examples if the pink candle or the confirmation candle doesnt close break the support but closes above the support area, we do not consider it as break down. Some time breakdown happens and then at retest we get the bearish signal, that will be a good entry.
4. Like wise at resistance if you cant see a bullish signal breaking the resistance area, we do not consider break out. Same as above sometimes we get a signal after breakout and while retesting. Bullish SIgnal At support example is given below
NSE:BANKNIFTY
5. Enter in to a trade right when you get the signal use less lot size when you do and once you see price coming in to the range of the colored candle keep accumulating more at OHLC areas, first at high of colored candle and then close and then HL2 areas likewise, this helps to reduce your SL.
Note:
Areas to remember and not to get confused. At Important levels (Support or Resistance) once you get a relavent signal while retesting that signal you get a counter signal do not get confused by that and exit the trade. once you enter a trade you have to remain there as long as your SL is not hit. Remember that You have to use this retest candles to enter in to a trade, but not to get scared.
How to Use this in Swing or Long term trading? Futures or Stocks !!!
Look at the setup below Use weekly Chart to analyze for investment. In the below chart you can see there is a breakout of Swing high with candle and then a retest happened Twice but that area is intact. The best strategy to consider confluence is SMC. Thats what my perfect Setup is. You can use Orderblock to see if that orderblock is valid or not. Below you can see NSE:BANKNIFTY
Few more Stocks for Example. NSE:AXISBANK
BITSTAMP:BTCUSD
OANDA:EURUSD
Strictly Not assuring any 100% results. You need to least be confident on one concept of trading to aquire results.
Supply and DemandThis is a "Supply and Demand" script designed to help traders spot potential levels of supply (resistance) and demand (support) in the market by identifying pivot points from past price action.
Differences from Other Scripts:
Unlike many pivot point scripts, this one offers a greater degree of customization and flexibility, allowing users to determine how many ranges of pivot points they wish to plot (up to 10), as well as the number of the most recent ranges to display.
Furthermore, it allows users to restrict the plotting of pivot points to specific timeframes (15 minutes, 30 minutes, 1 hour, 4 hours, and daily) using a toggle input. This is useful for traders who wish to focus on these popular trading timeframes.
This script also uses the color.new function for a more transparent plotting, which is not commonly used in many scripts.
How to Use:
The script provides two user inputs:
"Number of Ranges to Plot (1-10)": This determines how many 10-bar ranges of pivot points the script will calculate and potentially plot.
"Number of Last Ranges to Show (1-?)": This determines how many of the most recent ranges will be displayed on the chart.
"Limit to specific timeframes?": This is a toggle switch. When turned on, the script only plots pivot points if the current timeframe is one of the following: 15 minutes, 30 minutes, 1 hour, 4 hours, or daily.
The pivot points are plotted as circles on the chart, with pivot highs in red and pivot lows in green. The transparency level of these plots can be adjusted in the script.
Market and Conditions:
This script is versatile and can be used in any market, including Forex, commodities, indices, or cryptocurrencies. It's best used in trending markets where supply and demand levels are more likely to be respected. However, like all technical analysis tools, it's not foolproof and should be used in conjunction with other indicators and analysis techniques to confirm signals and manage risk.
A technical analyst, or technician, uses chart patterns and indicators to predict future price movements. The "Supply and Demand" script in question can be an invaluable tool for a technical analyst for the following reasons:
Identifying Support and Resistance Levels : The pivot points plotted by this script can act as potential levels of support and resistance. When the price of an asset approaches these pivot points, it might bounce back (in case of support) or retreat (in case of resistance). These levels can be used to set stop-loss and take-profit points.
Timeframe Analysis : The ability to limit the plotting of pivot points to specific timeframes is useful for multiple timeframe analysis. For instance, a trader might use a longer timeframe to determine the overall trend and a shorter one to decide the optimal entry and exit points.
Customization : The user inputs provided by the script allow a technician to customize the ranges of pivot points according to their unique trading strategy. They can choose the number of ranges to plot and the number of the most recent ranges to display on the chart.
Confirmation of Other Indicators : If a pivot point coincides with a signal from another indicator (for instance, a moving average crossover or a relative strength index (RSI) divergence), it could provide further confirmation of that signal, increasing the chances of a successful trade.
Transparency in Plots : The use of the color.new function allows for more transparent plotting. This feature can prevent the chart from becoming too cluttered when multiple ranges of pivot points are plotted, making it easier for the analyst to interpret the data.
In summary, this script can be used by a technical analyst to pinpoint potential trading opportunities, validate signals from other indicators, and customize the display of pivot points to suit their individual trading style and strategy. Always remember, however, that no single indicator should be used in isolation, and effective risk management strategies should always be employed.
ADR/AWR/AMR Average Daily+Weekly+Monthly Range[Traders Reality]Advanced ADR/AWR/AMR indicator created for Traders Reality community, as well as the greater trading community.
Thanks to the TR community discord guys: infernix, peshocore and xtech5192
Everything is modular and can be turned on/off, including a customisable table showing daily/weekly/monthly average pips/dollars.
If you just want the average daily range lines for example, you can just disable everything else. You can choose how many days to look back; as well as for weeks or months.
Check out Traders Reality on YouTube if you want to see this implemented as part of Tino's strategy that utilizes market manipulation, imbalances, times of day etc.
Price regularly reverses from ADR, making it one of the few highly valuable indicators in price action/smart money trading.
Trend Lines + Figure Detect (cross) SL + TP + RSI + PosicionDescription:
This indicator works with 2 main set ups.
1.-Price Action: 2 Trending lines : 1 superior with relevant high at 120 periods and 1 inferior with releveant lows of 120 perios.
2.-(hiden) 2 RSI Trending lines (based on 14 period and close) : 1 superior trend line with relevant high at 120 periods and 1 inferior trend line with releveant lows of 120 perios.
This indicador works as follows:
1.- Indicator detect chart form with trend lines and based on the last bar to 120 candles before.
Chart detected:
1.- Wedges = Cuña
2.- Chanels = Canal
2.- Indicador calculate trend lines superior and inferior of RSI with 120 candels previus.
2.- The indicator activate alerts once these conditions presented at the same time:
a) Price breake above trend line superior or breake under line inferior.
b) RSI brease above trend line superior or inferior.
How to use:
1.- Add indicator
2.- Indicator will show
*Buy / Sell Alerts.
3.- Stop Loss (Red Line) and Take Profit (Green Line) will be calculated automatically based on trading system theory with wedges and chanels.
4.- In Buy postion take Profit will be recalculated once new lows above the stop loss are presented.
In Sell postion take Profit will be recalculated once new lows above the stop loss are presented.
5.- Once price achiece take porfit level it will trigert an alert.
6.- Trade will be closed when Price cross the Stop Loss or Take Profit Dinamic.
Originality:
This is based on what I would like to know before start trading and loos a lot of money buying or selling with out any strategy regarding risk management, trade management, set up entry and close levels.
Risk Management:
Paramenters:
Risk = 1%
Capital = Variable Account Capital.
These 2 variables that the user can change, the indicator will sugget the lot size on that trade to avoid loose more that 1% of the capital in case the trade close with losss.
Pivot Breaches by nnamdertWhat does this Indicator do?
This Pivot Point Line Breach Indicator is a simple yet powerful tool that automatically plots lines at the high and low pivot point levels and extends the lines forward to the most recent real-time bar. When the price breaches a line, the line stops at that breach point. The unbreached lines, however, continue on until they are eventually breached or the indictor reaches the maximum number of lines set by the user.
How is this Indicator helpful?
The pivot point lines plotted on the chart show areas where the price may eventually revert to. By knowing whether or not these lines have been breached, traders can easily identify potential entry points or support lines that are likely to be breached, especially when used with other indicators.
As shown in the screenshot below, some lines have been breached, while several others remain. Once the lines were breached, we could clearly see that the price moved quickly to the next level.
The indicator user inputs enable the plotting of up to 500 lines on the chart, if the user chooses to set the limit to 500. However, the default setting is currently set to a lower number, allowing traders to easily view the most recent unbreached pivot points.
The plotted lines are located at the close and high or low of the bar that generated the line. When there is a long wick, the two lines are plotted far from each other. A breach of both lines, particularly in the case of a long wick, indicates strong movement in the direction of the breach.
Thank you for using my indicator, and I hope it helps you make profitable trading decisions.
Relative Strength Index w/ STARC Bands and PivotsThis is an old script that I use with some useful RSI strategies from "Technical Analysis for the Trading Professional" 2nd edition by Constance Brown.
The base RSI comes with the option for custom length, and has some pre-configured ranges for looking at exits and entrances. The idea is to be bullish when bounces happen in the red zone during an already bullish trend or when the indicator enters green without a rejection. Be bearish if the indicator falls through the red zone or fails to enter green during an already bearish trend.
I have added the formulas used for creating STARC bands (just think fancier volatility bands) with adjustable tolerances. The idea is to look out for when the RSI touches one of the bands and reverses. This is usually indicative of a strong reversal (though the timing will be up to the trader). Best use this on shorter time frames during a volatile time of a stock's price action.
Although a little messy, there is a small segment of the script which includes pivot points. I like to use these because they make indicating local highs/lows for finding divergences easier.
Finally, I have added a couple of customizable EMAS for the RSI itself. Useful when combined with the other features!
ICT MSS & Liquidity (fadi)ICT MSS & Liquidity indicator calculates two pivot points and the most likely location of the liquidity. The two pivot points are called Major and Internal. Both can be configured and adjusted separately to suit the instrument being traded and how the trader prefers to trade.
Major Trend
Major Trend is usually a better indicator of the trend direction. This is because it encapsulates longer period and allows for price fluctuation reducing the number of false Market Structure Shifts (MSS).
There is no set numeric value for the Pivot Length (number of bars used to calculate the high and low points). The pivot length is a judgement call by the trader and can be adjusted to what the trader feels comfortable with.
In the image above, a trader can see that the Major trend is making lower low move where it has swept liquidity (dotted line) and has the potential to reverse direction, if higher timeframe provides supporting evidence.
Internal Trend
Internal Trend is usually used to identify an internal shift in market structure that may, but not guaranteed, indicates that the Major Trend's current leg movement is about to reverse direction. It is not an indicator in itself that the overall Major trend is about to make major change in direction.
For example, if the Major trend is showing Lower Lows and Lower Highs, a higher high on the Internal Trend could simply mean that the Major Trend is done with a Lower Low move and about to make a lower high move and not sweep the liquidity above the previous lower high. If, however, the larger picture indicates that the Major Trend has reached a potential reversal point, the Internal Trend could be used to corroborate that thesis by forming the higher high.
In the image above, the internal trend provides an indication that a market structure shift is probably under way and, if proper analysis performed, a position can be entered.
Liquidity
Liquidity rests above highs and lows on both Major and Internal trends. The indicator will draw both open and claimed liquidity lines. Price tends to move towards liquidity and, if enabled, the indicator provides an easy way to identify potential targets. Liquidity could be drawn on both Major and Internal Trends.
Ticker Ratio LevelsIndicator for constructing levels of price ratios from other tickers.
The user can choose from predefined tickers such as Gold(XAU), DXY, BTC, etc.
How it works:
Takes the important extremum of the closing candle from your current chart and builds a level based on the chart selected in the settings.
This function allows you to determine the price level based on the current price and the price at the time of a certain date. To do this, it first determines the time when the last candle before the specified date occurred. Then the price at the time of this candle and at the current moment is calculated. Finally, the price level is calculated relative to the price at the time of the candle. The result of this calculation will be the price level.
How to Use:
By default, the indicator is set to 1D for the BTC chart. But you can adjust any levels on the assets you are interested in.
You can adjust the levels both in the settings and by moving them around the chart.
Simply click on the indicator name or level, and vertical lines will appear, which you can drag to any location. (The vertical lines serve as the beginning of the calculation point)
Example of work on ETH paired with DXY.
Signals and pivot divergencesScript that shows buy and sell signals for multiple indicators and divergences when there's a pivot in the price chart. The defaults are from my own laboration and don't hesitate to share your settings!
Best of trading luck!
Exhaustion Table [SpiritualHealer117]A simple indicator in a table format, is effective for determining when an individual stock or cryptocurrency is oversold or overbought.
Using the indicator
In the column "2σ" , up arrows indicate that the asset is very overbought , down arrows indicate that an asset is very oversold , and an equals sign indicates that the indicator is neutral.
In the column "σ" , up arrows indicate that the asset is overbought , down arrows indicate that an asset is oversold , and an equals sign indicates that the indicator is neutral.
What indicator is
The indicator shows the exhaustion (percentage gap between the closing price and a moving average) at 5 given lengths, 15, 30, 50, 100, and 300. It compares that to two thresholds for exhaustion: one standard deviation out and one two standard deviations out.
Seasonal pivot datesPlots approximate equinox and solstice dates, which are often zones around which market pivots occur.
Support Resistance with Breaks and RetestsThe Break and Retest indicator strives to provide a visual aid for spotting areas of continuation and pullbacks. Support and resistance levels are drawn out automatically and have sequential conditions in place to determine a breakout following an eventual retest. Additionally, there are methods in place that try and detect liquidation events and still output a retest.
Although there are options to adjust repaint settings, "potential labels" are structured in a way to detect live ongoing retest events and therefore will be the only thing in the script that will be forced to repaint.
🔳 Settings
Lookback Range: Lookback period to trigger a new support/resistance level when pivot conditions are met.
Bars Since Breakout: How many bars since breakout in order to detect a retest.
Retest Detection Limiter: Whenever a potential retest is detected, the indicator knows that a retest is about to happen. In that given situation, this input grants the ability to raise the limit on how many bars are allowed to be actively checked while a potential retest event is active. For example, if you see the potential retest label, how many bars do you want that potential retest label to be active for to eventually confirm a retest?
🔳 Repaint Options
By default, the break and retest system uses the current close value to determine a condition. (Repaints by default)
On: Allows repainting
Off - Bar Confirmation: Prevents repainting and generates alerts when the bar closes. (1 candle later)
Off - High & Low: Prevents repainting, but in return utilizes both the high and low values instead of the close which may yield a higher outcome and inaccurate results.
🔳 How it works
In the background, calculations aren't searching for the perfect retest within the zone but instead focuses its attention towards price fluctuation around the zones. This allows the indicator to yield more results than it would otherwise.
The chart below provides an example of how potential retests are established. These are updated constantly until a retest is confirmed, and deleted if not. If a potential retest is active and the next candle drops below the value when the potential retest was detected, a retest is placed..
🔳 Alerts
PSAR-Support ResistanceParabolic Support Resistance -PSAR SR is based on the Dynamic Reversal Points of Price. This indicator eliminates the false signals of regular Parabolic SAR (Stop and Reverse). The Price of previous SAR Reversal point is plotted as Support and Resistance. The idea is to trade only after the previous reversal point is crossed and a new candle formation above / below the support resistance lines.
Price moves sideways in between the S/R Lines mostly.
Buy and Sell Signals are based on normal P-SAR settings however this S/R must be considered. Please be aware that the indicator cannot be used as a stand alone. Please make required confirmations before going into action.
Disclaimer: Please use it at your own Risk.
Liquidity Swings [LuxAlgo]The liquidity swings indicator highlights swing areas with existent trading activity. The number of times price revisited a swing area is highlighted by a zone delimiting the swing areas. Additionally, the accumulated volume within swing areas is highlighted by labels on the chart. An option to filter out swing areas with volume/counts not reaching a user-set threshold is also included.
This indicator by its very nature is not real-time and is meant for descriptive analysis alongside other components of the script. This is normal behavior for scripts detecting pivots as a part of a system and it is important you are aware the pivot labels are not designed to be traded in real-time themselves.
🔶 USAGE
The indicator can be used to highlight significant swing areas, these can be accumulation/distribution zones on lower timeframes and might play a role as future support or resistance.
Swing levels are also highlighted, when a swing level is broken it is displayed as a dashed line. A broken swing high is a bullish indication, while a broken swing low is a bearish indication.
Filtering swing areas by volume allows to only show significant swing areas with an higher degree of liquidity. These swing areas can be wider, highlighting higher volatility, or might have been visited by the price more frequently.
🔶 SETTINGS
Pivot Lookback : Lookback period used for the calculation of pivot points.
Swing Area : Determine how the swing area is calculated, "Wick Extremity" will use the range from price high to the maximum between price close/open in case of a swing high, and the range from price low to the minimum between price close/open in case of a swing low. "Full Range" will use the full candle range as swing area.
Intrabar Precision : Use intrabar data to calculate the accumulated volume within a swing area, this allows obtaining more precise results.
Filter Areas By : Determine how swing areas are filtered out, "Count" will filter out swing areas where price visited the area a number of time inferior to the user set threshold. "Volume" will filter out swing areas where the accumulated volume within the area is inferior to the user set threshold.
🔹 Style
Swing High : Show swing highs.
Swing Low : Show swing lows.
Label Size : Size of the labels on the chart.
Note that swing points are confirmed after Pivot Lookback bars, as such all elements are displayed retrospectively.
Volume With ColorVolume with color helps to quickly identify accumulation or distribution.
An accumulation day is an up day with volume greater than a user selected average.
A distribution day is a down day with volume greater than a user selected average.
This indicator will highlight those days by changing the volume bar colors for an easy visual.
Swing Rapat Jik ( LOW-HIGH ) Smart Money TrendBandSWING RAPAT JIK ( LOW-HIGH ) Smart Money TrendBand
( 2023 updated edition )
The Swing Rapat Jik indicator is a method of knowing whether the current market is either at the highest or the lowest price.
It is also a relatively less risky strategy and suitable for long-term traders such as swing traders.
The analysis tool used is based on the Relative Strength Index ( RSI ) indicator as a parameter to measure the lowest price and the highest price in each cycle. If the price is at the extremely oversold level, then it shows the lowest price signal (LL/HL). Vice versa, if the price is at the extreme overbought level, then the signal will show the highest price signal (HH/LH).
It should be noted that this indicator is a repaint where it will make a re-mark if the price is at the lowest level of the previous signal. So, the solution is that I’ve added the Moving Average parameter as confirmation of the reversal of the LL price to the uptrend. That means the signal to enter the market only occurs when there is an Entry Price (EP) signal after LL/HL signal appears.
Please, do not enter the market when the EP signal is released if the LL/HL signal is not yet released. Make sure these two signals come out consecutively, starting with HL/LL and then the EP signal.
Key Signal;
LL = LOWER LOW
HL = HIGHER LOW
HH = HIGHER HIGH/TAKE PROFIT
LH = LOWER HIGH/TAKE PROFIT
EP = ENTRY PRICE
Hopefully, it can help traders to track the price at the lowest level before making a reversal and the highest price during the market supply situation.
*So far, the invention of the entry market is for the stock market only, which is to use buy signals only. Any updates for other markets will be notified from time to time.
Major updates;
1. Update version to Version 5 pine script
2. variable value used for the EP signal, to obtain a more significant weighted value.
3. Change of label color
4. Colored bars- bullish and bearish trends detected
SOPs and strategies
colored bars are pointers of the current trend and the period in which it occurred.
Use this combination as a strong confirmation