BPCO Z-ScoreBPCO Z-Score with Scaled Z-Value and Table
Description:
This custom indicator calculates the Z-Score of a specified financial instrument (using the closing price as a placeholder for the BPCO value), scales the Z-Score between -2 and +2 based on user-defined thresholds, and displays it in a table for easy reference.
The indicator uses a simple moving average (SMA) and standard deviation to calculate the original Z-Score, and then scales the Z-Score within a specified range (from -2 to +2) based on the upper and lower thresholds set by the user.
Additionally, the scaled Z-Score is displayed in a separate table on the right side of the chart, providing a clear, numerical value for users to track and interpret.
Key Features:
BPCO Z-Score: Calculates the Z-Score using a simple moving average and standard deviation over a user-defined window (default: 365 days). This provides a measure of how far the current price is from its historical average in terms of standard deviations.
Scaled Z-Score: The original Z-Score is then scaled between -2 and +2, based on the user-specified upper and lower thresholds. The thresholds default to 3.5 (upper) and -1.5 (lower), and can be adjusted as needed.
Threshold Bands: Horizontal lines are plotted on the chart to represent the upper and lower thresholds. These help visualize when the Z-Score crosses critical levels, indicating potential market overbought or oversold conditions.
Dynamic Table Display: The scaled Z-Score is shown in a dynamic table at the top-right of the chart, providing a convenient reference for traders. The table updates automatically as the Z-Score fluctuates.
How to Use:
Adjust Time Window: The "Z-Score Period (Days)" input allows you to adjust the time period used for calculating the moving average and standard deviation. By default, this is set to 365 days (1 year), but you can adjust this depending on your analysis needs.
Set Upper and Lower Thresholds: Use the "BPCO Upper Threshold" and "BPCO Lower Threshold" inputs to define the bands for your Z-Score. The default values are 3.5 for the upper band and -1.5 for the lower band, but you can adjust them based on your strategy.
Interpret the Z-Score: The Z-Score provides a standardized measure of how far the current price (or BPCO value) is from its historical mean, relative to the volatility. A value above the upper threshold (e.g., 3.5) may indicate overbought conditions, while a value below the lower threshold (e.g., -1.5) may indicate oversold conditions.
Use the Scaled Z-Score: The scaled Z-Score is calculated based on the original Z-Score, but it is constrained to a range between -2 and +2. When the BPCO value hits the upper threshold (3.5), the scaled Z-Score will be +2, and when it hits the lower threshold (-1.5), the scaled Z-Score will be -2. This gives you a clear, easy-to-read value to interpret the market's condition.
Data Sources:
BPCO Data: In this indicator, the BPCO value is represented by the closing price of the asset. The calculation of the Z-Score and scaled Z-Score is based on this price data, but you can modify it to incorporate other data streams as needed (e.g., specific economic indicators or custom metrics).
Indicator Calculation: The Z-Score is calculated using the following formulas:
Mean (SMA): A simple moving average of the BPCO (close price) over the selected period (365 days by default).
Standard Deviation (Std): The standard deviation of the BPCO (close price) over the same period.
Z-Score: (Current BPCO - Mean) / Standard Deviation
Scaled Z-Score: The Z-Score is normalized to fall within a specified range (from -2 to +2), based on the upper and lower threshold inputs.
Important Notes:
Customization: The indicator allows users to adjust the period (window) for calculating the Z-Score, as well as the upper and lower thresholds to suit different timeframes and trading strategies.
Visual Aids: Horizontal lines are drawn to represent the upper and lower threshold levels, making it easy to visualize when the Z-Score crosses critical levels.
Limitations: This indicator relies on historical price data (or BPCO) and assumes that the standard deviation and mean are representative of future price behavior. It does not account for potential market shifts or extreme events that may fall outside historical norms.
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Fibonacci ReRSI LevelsOverview
The Fibonacci RSI Levels indicator plots key Fibonacci-based RSI levels directly on the price chart, offering a unique perspective on market momentum, potential reversal points, and support/resistance zones. By combining the Relative Strength Index (RSI) with Fibonacci retracement levels, this indicator helps traders identify overbought/oversold conditions, trend strength, and critical price levels for potential trading opportunities.
Key Features
Fibonacci RSI Levels: Plots five key levels—23.6% (Oversold), 38.2% (Downtrend Limit), 50.0% (Mid Level), 61.8% (Uptrend Limit), and 78.6% (Overbought)—based on a logarithmic RSI calculation.
Customizable Settings: Adjust the RSI length, line extension, timeframe, and level colors to suit your trading style.
Gradient Fills: Optional gradient fills between levels provide a visual representation of the price's position relative to key zones.
Multi-Timeframe Support: Use the current chart resolution or specify a custom timeframe (e.g., 1M, 5D, 240 for 4 hours) for flexible analysis.
Logarithmic RSI Calculation: Ideal for assets with exponential price movements, such as cryptocurrencies.
How It Works
The indicator uses a reverse-engineered RSI calculation, inspired by Giorgos Siligardos' concept, to determine price levels corresponding to specific Fibonacci RSI values. These levels are plotted as horizontal lines on the chart, each with a label showing the Fibonacci percentage and the exact price level. If enabled, gradient fills between the levels change color based on the price's position, enhancing visual interpretation.
Usage
Support and Resistance: The 38.2% and 61.8% levels often act as support and resistance in trending markets.
Overbought/Oversold Conditions: The 23.6% and 78.6% levels can indicate potential reversal points due to oversold or overbought conditions.
Trend Confirmation: The 50% level serves as a neutral zone or pivot point. Prices above this level may indicate an uptrend, while prices below suggest a downtrend.
Gradient Fills: Use the gradient fills to quickly assess the price's position within the key zones, aiding in decision-making for entries, exits, or reversals.
Interpretation
Uptrend: When the price is above the 50% level and approaching the 61.8% level, it may signal a strong uptrend.
Downtrend: When the price is below the 50% level and nearing the 38.2% level, it may indicate a downtrend.
Reversal Zones: Watch for price reactions near the 23.6% and 78.6% levels, as these can be areas of potential reversals.
Customization
RSI Length: Adjust the RSI period to fine-tune the sensitivity of the levels.
Line Extension: Control how far the levels extend into the future for better visualization.
Timeframe: Choose between the current chart resolution or a custom timeframe for multi-timeframe analysis.
Colors: Customize the colors of each level and enable gradient fills for enhanced visual clarity.
Opening Range and Market BoundariesOpening Range and Market Boundaries
This versatile and insightful indicator combines two powerful concepts frequently used by professional traders: Opening Range Analysis and Market Boundaries derived from previous high/low levels. It is specifically designed to support intraday trading strategies and helps you identify key price zones for entries, exits, and breakout confirmations.
🔍 Features & Utility
1. Opening Range Box
What it does:
Highlights the high and low of the first candle after market open (9:15 AM IST) with a shaded box. This box spans the full trading session, from 9:15 AM to 3:30 PM, representing the key price range where the initial balance is formed.
Timeframe Compatibility:
The Opening Range box is optimized for 1-minute to 1-hour charts. It is most effective on lower timeframes (1m, 5m, 15m, 30m) where intraday price movements and breakout patterns can be clearly observed.
Usage Tips:
Breakouts above or below the Opening Range box can signal potential directional bias for the rest of the trading day.
Price consolidating within the range may indicate a choppy or range-bound session.
Works well with volume and momentum indicators for confirmation.
2. Market Boundaries
What it does:
Plots horizontal lines at:
Previous Day High/Low
Previous Week High/Low
Previous Month High/Low
Why it matters:
These levels act as natural support and resistance zones, and are commonly watched by institutional traders, making them crucial for:
Spotting reversals or breakouts
Planning stop-loss and target zones
Avoiding trades around high-rejection areas
Customization Options:
Toggle ON/OFF for Daily, Weekly, and Monthly levels.
Independent colors and line thickness for each level, enabling you to distinguish between different timeframes easily.
🛠️ How to Use Effectively
Use during market open:
Switch to a 5-minute or 15-minute chart during the first few candles of the session. Observe the Opening Range box formation and plan trades based on breakout direction.
Confluence Trading:
Look for price action near previous session highs/lows in confluence with the Opening Range box edges. These intersections often become high-probability zones for breakouts or reversals.
Session Preparation:
Before the market opens, analyze where the price is relative to past high/low boundaries. If it's near a weekly/monthly level, be cautious — those areas can cause whipsaws or false breakouts.
Avoid low-volume breakouts:
Use this indicator in conjunction with volume tools or price action confirmation to validate the strength of a move outside the Opening Range or Market Boundaries.
📌 Summary
This indicator is designed for intraday traders, scalpers, and swing traders who want a reliable structure to guide their decisions. It visually marks the opening balance of the market and essential higher timeframe boundaries, helping you trade with discipline and precision.
Major Session Highs/LowsThis indicator creates horizontal lines at major session high/lows (US, London, and Asian). The script updates the lines automatically, on session close.
For instance, when viewing during the US session, after the London overlap, horizontal lines will be displayed at the following levels.
The high/low of the most recent London session.
The high/low of the most recent Asian session.
The high/low of the last full US session, i.e. the session of the day prior.
When the current US session closes, the US levels automatically update.
Triad Macro Gauge__________________________________________________________________________________
Introduction
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The Triad Macro Gauge (TMG) is designed to provide traders with a comprehensive view of the macroeconomic environment impacting financial markets. By synthesizing three critical market signals— VIX (volatility) , Credit Spreads (credit risk) , and the Stocks/Bonds Ratio (SPY/TLT) —this indicator offers a probabilistic assessment of market sentiment, helping traders identify bullish or bearish macro conditions.
Holistic Macro Analysis: Combines three distinct macroeconomic indicators for multi-dimensional insights.
Customization & Flexibility: Adjust weights, thresholds, lookback periods, and visualization styles.
Visual Clarity: Dynamic table, color-coded plots, and anomaly markers for quick interpretation.
Fully Consistent Scores: Identical values across all timeframes (4H, daily, weekly).
Actionable Signals: Clear bull/bear thresholds and volatility spike detection.
Optimized for timeframes ranging from 4 hour to 1 week , the TMG equips swing traders and long-term investors with a robust tool to navigate macroeconomic trends.
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Key Indicators
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VIX (CBOE:VIX): Measures market volatility (negatively weighted for bearish signals).
Credit Spreads (FRED:BAMLH0A0HYM2EY): Tracks high-yield bond spreads (negatively weighted).
Stocks/Bonds Ratio (SPY/TLT): Evaluates equity sentiment relative to treasuries (positively weighted).
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Originality and Purpose
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The TMG stands out by combining VIX, Credit Spreads, and SPY/TLT into a single, cohesive indicator. Its unique strength lies in its fully consistent scores across all timeframes, a critical feature for multi-timeframe analysis.
Purpose: To empower traders with a clear, actionable tool to:
Assess macro conditions
Spot market extremes
Anticipate reversals
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How It Works
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VIX Z-Score: Measures volatility deviations (inverted for bearish signals).
Credit Z-Score: Tracks credit spread deviations (inverted for bearish signals).
Ratio Z-Score: Assesses SPY/TLT strength (positively weighted for bullish signals).
TMG Score: Weighted composite of z-scores (bullish > +0.30, bearish < -0.30).
Anomaly Detection: Identifies extreme volatility spikes (z-score > 3.0).
All calculations are performed using daily data, ensuring that scores remain consistent across all chart timeframes.
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Visualization & Interpretation
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The script visualizes data through:
A dynamic table displaying TMG Score , VIX Z, Credit Z, Ratio Z, and Anomaly status, with color gradients (green for positive, red for negative, gray for neutral/N/A).
A plotted TMG Score in Area, Histogram, or Line mode , with adaptive opacity for clarity.
Bull/Bear thresholds as horizontal lines (+0.30/-0.30) to signal market conditions.
Anomaly markers (orange circles) for volatility spikes.
Crossover signals (triangles) for bull/bear threshold crossings.
The table provides an immediate snapshot of macro conditions, while the plot offers a visual trend analysis. All values are consistent across timeframes, simplifying multi-timeframe analysis.
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Script Parameters
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Extensive customization options:
Symbol Selection: Customize VIX, Credit Spreads, SPY, TLT symbols
Core Parameters: Adjust lookback periods, weights, smoothing
Anomaly Detection: Enable/disable with custom thresholds
Visual Style: Choose display modes and colors
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Conclusion
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The Triad Macro Gauge by Ox_kali is a cutting-edge tool for analyzing macroeconomic trends. By integrating VIX, Credit Spreads, and SPY/TLT, TMG provides traders with a clear, consistent, and actionable gauge of market sentiment.
Recommended for: Swing traders and long-term investors seeking to navigate macro-driven markets.
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Credit & Inspiration
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Special thanks to Caleb Franzen for his pioneering work on macroeconomic indicator blends – his research directly inspired the core framework of this tool.
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Notes & Disclaimer
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This is the initial public release (v2.5.9). Future updates may include additional features based on user feedback.
Please note that the Triad Macro Gauge is not a guarantee of future market performance and should be used with proper risk management. Past performance is not indicative of future results.
Midpoint of Last 3 CandlesThis indicator highlights the market structure by plotting the midpoints of the current and previous two candles. It draws a horizontal line at the average of the high and low for each of these candles, giving a visual cue of the short-term balance point in price action. These midpoints can act as dynamic support and resistance levels, helping traders assess areas of potential reaction or continuation.
Each line is color-coded for clarity: green represents the current candle, orange marks the previous candle, and yellow indicates the one before that. All lines extend into the future on the chart, allowing you to see how price interacts with these levels as new candles form. This simple yet effective tool can be useful in various strategies, especially those focused on price action, scalping, or intraday analysis.
Opening Price Levels (by Period)This indicator draws clean horizontal lines at the opening prices of key time periods: Year, Quarter, Month, Week, and Day.
Each line is plotted only within its own time range, so there's no visual clutter or vertical jumps between periods.
Perfect for traders who want to:
Identify and react to institutional levels.
Track price behavior relative to major opens.
Keep charts clean and easy to read.
Features:
✅ Toggle visibility for each period (Year, Quarter, Month, Week, Day).
🎯 Accurate open levels, aligned with your chart's timeframe and session settings.
✨ Clean segments — each line only spans its original period.
Dynamic Volume Profile PoC SwiftedgeOverview
The Dynamic Volume Profile PoC is a powerful and visually intuitive indicator designed to help traders identify key support and resistance levels using a unique combination of pivot points, volume analysis, and dynamic Point of Control (PoC) levels. This script overlays directly on your chart, providing clear visual cues for potential breakout and rejection zones, making it easier to spot high-probability trading opportunities.
What It Does
This indicator combines three core components to deliver actionable insights:
Pivot Points: Identifies significant swing highs and lows to establish potential support and resistance levels.
Volume Oscillator: Measures volume momentum to confirm the strength of price movements, ensuring that breakouts or rejections are backed by significant volume.
Dynamic Point of Control (PoC): Calculates the midpoint between consecutive pivot points to create dynamic PoC levels, which act as key areas where price is likely to either break through (breakout) or reverse (rejection).
These components work together to highlight critical price levels where the market is likely to react, giving traders a clear framework for decision-making.
How It Works
Pivot Detection: The script uses pivot highs and lows (based on user-defined Left Bars and Right Bars) to identify significant price levels. These pivots form the foundation for calculating PoC levels.
PoC Calculation: Each time a new pivot is detected, the script calculates the midpoint between the current pivot and the previous pivot, creating a dynamic PoC level. These levels are plotted as horizontal lines on the chart, with a maximum of Max PoC Lines to Show (default: 2) visible at any time.
Volume Confirmation: A volume oscillator (short EMA of volume minus long EMA of volume) is used to filter breakouts and rejections. Breakouts or rejections are only signaled if the volume oscillator exceeds the Volume Threshold (default: 20), ensuring that price movements are supported by strong volume.
Visual Cues:
PoC levels are drawn as cyan lines with optional semi-transparent zones (controlled by Show PoC Zones). These zones are colored green for potential breakouts (price above PoC) and red for potential rejections (price below PoC).
Labels above and below each PoC level indicate trading opportunities: "Long if breakout"/"Long if rejected" (green) and "Short if breakout"/"Short if rejected" (red), depending on the price's direction relative to the PoC.
Break signals ("B") are plotted above or below bars when price crosses a pivot level with sufficient volume, colored red for downward breaks and green for upward breaks.
How to Use
Add the Indicator: Add the "Dynamic Volume Profile PoC " to your chart in TradingView.
Adjust Settings:
Left Bars and Right Bars (default: 15): Control the sensitivity of pivot detection. Lower values make the script more sensitive to smaller price swings.
Volume Threshold (default: 20): Set the minimum volume oscillator value required to confirm breakouts or rejections. Increase this for stricter confirmation.
Max PoC Lines to Show (default: 2): Define how many PoC levels are displayed at once.
Show PoC Zones (default: true): Toggle semi-transparent zones around PoC levels for better visualization.
Label Spacing Factor (default: 0.5): Adjust the vertical spacing between labels and the PoC box. Increase this value (e.g., to 1.0 or 2.0) for more spacing, or decrease it (e.g., to 0.3) for less.
Interpret the Signals:
Look for PoC levels (cyan lines) as key areas of interest.
Use the labels to identify potential trades: "Long if breakout" indicates a buy opportunity if price breaks above the PoC, while "Short if rejected" suggests a sell if price fails to break through.
Watch for "B" signals to confirm breakouts or rejections with volume support.
Combine with Your Strategy: Use the PoC levels and break signals as part of your broader trading strategy, such as trend-following or mean-reversion setups.
Why This Script is Unique
The Dynamic Volume Profile PoC stands out by combining pivot points, volume analysis, and dynamic PoC levels into a single, cohesive tool. Unlike traditional volume profile indicators that require a fixed range, this script dynamically updates PoC levels based on recent price action, making it more responsive to current market conditions. The addition of volume confirmation ensures that signals are backed by market participation, reducing false breakouts. The visually appealing design, with customizable spacing and semi-transparent zones, makes it easy to interpret key levels at a glance, even for traders unfamiliar with Pine Script.
Notes
This script works best on timeframes where pivot points are meaningful (e.g., 1H, 4H, or daily charts).
Adjust the Label Spacing Factor to ensure labels are well-spaced for your chart's zoom level and instrument.
For instruments with high volatility, you may need to increase the Volume Threshold to filter out noise.
Previous Candle Range Split into ThirdsThis script plots two horizontal lines over the previous candle to divide its total range (high to low) into three equal parts. The first line marks 33% of the range from the low, and the second marks 66%. This helps users visually identify whether the previous candle closed in the lower, middle, or upper third of its range, providing context on potential buyer or seller dominance during that session.
Users can customize the color, width, and style (solid, dotted, dashed) of each line, as well as toggle their visibility from the script's input settings.
This indicator is designed as a discretionary analysis tool and does not generate buy or sell signals.
Pre-Market High/Low (Static Lines + Labels)
Pre-Market Range ✅
Draws the Pre-Market High & Low from 4:00 AM to 9:30 AM ET using accurate 1-minute intraday data.
Static Lines 📏
Plots dashed horizontal lines that remain visible all day across all timeframes — including 1m, 5m, 15m, 1h, 4h, and Daily.
Price Labels 🔖
Includes real-time price labels so you can easily reference exact pre-market levels on the chart.
Session Lock 🕒
Lines are locked in after 9:30 AM and remain visible even if you switch timeframes or turn off extended hours.
Trading Utility 🎯
Ideal for identifying key breakout levels, intraday support/resistance zones, and setting risk parameters.
Horizontal EMADesigned to plot a horizontal Exponential Moving Average (EMA) line on a TradingView chart. The script allows users to specify the period and source for the EMA calculation. The line remains fixed at the calculated EMA value, providing a visual reference for the trend over the specified period. The script uses version 5 of Pine Script and draws a blue horizontal line at the EMA value on the chart, updating as new data is available.
ATR Multiples from LOD/HODAn indicator that plots ATR (Average True Range) multiples from the current Low of Day (LOD) and High of Day (HOD). The indicator should:
Calculate the Low of Day (LOD) and High of Day (HOD) dynamically for the current trading session.
Use the ATR (Average True Range), with a customizable length, as the base measurement.
Plot multiple levels above the LOD and below the HOD, based on user-defined ATR multiples (e.g., 1x ATR, 2x ATR, 3x ATR, etc.).
Customizable Inputs:
ATR Length
ATR Multiples (Up to 5 levels)
Line color and style for each level
Display the ATR multiples on the chart as horizontal lines extending throughout the trading session.
PriorRange v0.3 [OmarxQQQ/dc_77]PriorRangeLevels is a versatile indicator that plots key price levels based on prior period ranges across multiple timeframes. This tool helps traders identify potential support, resistance, and breakout zones by displaying the High, Low, 75%, 50% (EQ), and 25% levels from the previous period.
Key Features:
- Multi-timeframe analysis from 1-minute to Monthly charts
- Time zone flexibility with options for major global markets (NYC, London, Tokyo, etc.)
- Customizable display for each level (High, Low, 75%, EQ, 25%, Open)
- Clean, organized settings interface with grouped options
- Anchor line marking the start of prior periods
- Current period open price reference
How It Works:
The indicator detects new periods based on your selected timeframe and calculates the range of the previous period. It then plots horizontal lines at the High, Low, and three internal levels (75%, 50%, 25%) extending forward by your specified number of bars. These levels serve as potential support/resistance zones and decision points for your trading strategy.
Trading Applications:
- Use High/Low levels as potential breakout targets or reversal zones
- Monitor price reaction to the EQ (50%) level to gauge trend strength
- Identify intraday support/resistance based on previous period ranges
- Plan entries and exits around established market structure
Each component can be individually customized with different line styles, colors, and widths to match your chart preferences and analytical needs.
Originally created by @dc_77 with enhanced organization, multi-timeframe capabilities, and improved user interface. As Requested by many people.
populi a populo pro populo
GLGT
Oracle Fear and GreedCustom Fear and Greed Oscillator with Movement Table
This indicator provides a unique perspective on market sentiment by calculating a custom fear/greed oscillator based on Heikin-Ashi candles. The oscillator is centered at 50, with values above 50 suggesting bullish sentiment ("greed") and below 50 indicating bearish sentiment ("fear"). The calculation incorporates candle body size, range, and a custom "candle strength" measure, providing an innovative approach to understanding market behavior.
Key Features:
Heikin-Ashi Based Oscillator:
Utilizes Heikin-Ashi candles to compute a custom oscillator. The value is centered at 50, with deviations indicating the prevailing market sentiment.
Dynamic Gradient Coloring:
The oscillator line is dynamically colored with a smooth gradient—from blue (representing fear) at lower values to pink (representing greed) at higher values—making it visually intuitive.
Horizontal Levels:
Two additional horizontal lines are drawn at 40.62 ("Bottom") and 60.74 ("Top"), which may serve as potential oversold and overbought boundaries respectively.
Fast Movement Metrics:
Every 5 bars, the indicator calculates the percentage change in the Heikin-Ashi close. This fast movement analysis distinguishes rapid downward moves (fast fear) from rapid upward moves (fast greed), helping to capture sudden market shifts.
Information Table:
A table in the top-right corner displays the most recent fast movement values for both fear and greed, offering quick insights into short-term market dynamics.
Usage Tips:
Adjust the smoothing period to match your preferred trading timeframe.
Use the oscillator alongside other analysis tools for more robust trading decisions.
Ideal for those looking to experiment with new approaches to sentiment analysis and momentum detection.
Disclaimer:
This indicator is intended for educational and experimental purposes. It should not be used as the sole basis for any trading decisions. Always combine with comprehensive market analysis and risk management strategies.
You can add this description when publishing your indicator on TradingView to help other users understand its features and intended use.
Toby's Key LevelsAn Indicator that helps determine Key Areas on the chart. You set the values you want the horizontal lines to update. They horizontal lines will be used for exits and entries of trade. My recommendation for these Key Areas are as follows ( These recommendations are mostly for day trading and swing trading ):
XAU: Value distance of 50 ex. XAUUSD.
NAS: Value distance of 250 ex. NAS100/USTEC.
ETH: Value distance of 100 ex. ETHUSD.
AUD pairs: Value distance of 0.0200 ex. GBPAUD, EURAUD.
CAD pairs: Value distance of 0.0100 ex. NZDCAD, EURCAD.
CHF pairs: Value distance of 0.0100 ex. CADCHF, GBPCHF.
GBP pairs: Value distance of 0.00350 ex. EURGBP.
JPY pairs: Value distance of 2.00 ex. EURJPY, GBPJPY.
NZD pairs: Value distance of 0.015 ex. GBPNZD, AUDNZD.
Note:
These are subject to change and you can alter the lines anyhow you want to suit your trading style. These are what I recommend. Remember, Market is King.
Safe Trading!
BTIC Range MidpointsThis code analyzes and displays price ranges from 15:15-15:44 ET, the Basis Trade at Index Close session.
It draws horizontal lines showing:
The high of each session
The low of each session
The midpoint (50%) of each session
Connections between different session ranges (50% points between highs and lows)
Key features include:
Works only on 15-minute timeframes or lower
Stores up to 20 days of historical sessions (configurable)
Filters out ranges too far from current price
Color-codes different session ranges
Provides customizable line styles and colors
Labels each range with identifiers
The indicator essentially helps traders identify important price levels from BTIC sessions, which could serve as potential support/resistance areas for future price action.
Pre-Market High & LowIndicator: Pre-Market High & Low
This indicator tracks the high and low price levels of a stock during the pre-market session (4:00 AM - 9:30 AM EST), before the official market open. It dynamically updates during pre-market hours, identifying the highest and lowest prices reached. Once the pre-market session ends, these levels are saved and plotted on the chart as reference points for the regular market session.
Key Features:
Dynamic Updates: Continuously tracks the high and low during pre-market hours.
Visual Indicators: Plots horizontal lines representing the pre-market high (green) and low (red).
Post-Market Reference: Once pre-market ends, these levels remain visible for the regular market session as reference points for potential breakout or breakdown levels.
How to Use:
Use this indicator to identify potential breakout or breakdown levels that may happen at the market open.
The green line represents the highest price reached during pre-market, while the red line indicates the lowest price.
The indicator will stop updating once the pre-market session closes (9:30 AM EST) and will remain visible as reference levels throughout the trading day.
Ideal for:
Day traders looking for pre-market support and resistance levels.
Traders analyzing the initial market reaction based on pre-market price action.
IronCondor 10am 30TF by RMThe IronCondor 10am 30TF indicator shows Iron Condor trades win rate over a large number of days.
The default ETFs in this indicators are "QQQ", "SPY", "RUT" , "CBTX" and "SPX", other entries have not been tested.
Iron Condor quick explanation:
- Iron Condors trades have four options, generally, are based around a Midpoint price (Current Market Price Strike) and
- Two equally distances Strikes for the SELL components (called the Body of the Iron Condor)
- Further away from the two SELLs, another Two BUYs for protection (not considered in this indicator)
- Iron Condors are used for Passive Income based on small gains most of the time.
The IronCondor 10am 30TF has its logic created based on the premises that:
- Most days the market prices stay within a range.
- As example the S&P market prices would stay within 1% on about 80% of the time
- The moving markets (bullish or bearish) occur about 20% of the time
- The biggest market price volatility generally occurs before market opens and then around the first hour or so of trade in the day.
- After the first hour or so of the market the prices would be most likely to stay within a range.
The operation is simple:
- At the Trade Star time in the day (say 10:30 Hrs.) draws a vertical yellow line, then
- Creates two blue horizontal lines for the SELL limits in the Iron Condor Body, at +/- 1% price boundary (check Ticker list below for values)
- At the Trade End time (say 16:00 Hrs.) checks that none of the SELL limits have been broken by highs or lows during the trade day
(The check is done calculating at Trade End time the high/lows 10 bars back for 30 min TF - timeframe)
- There is a label at each Trade End time with Win/Loss and Body value.
- There is one final label with overall calculated past performance in Win percentage out of 'n' trades
Defaults and User Entries:
- The User can modify the Midpoint price called 'IronCondor Midpoint STRIKE' (default is the Candle Close at the selected time)
- The User can modify the Body value called 'IronCondor Body' (default is the Ticker's selected value as per list below)
"QQQ" or "SPY" Body = 5
"RUT" or "CBTX" Body = 20
"SPX" Body = 60
* Disclaimer: This is not a Financial tool, it cannot used as any kind of advice to invest or risk moneys in any market,
Markets are volatile in nature - with little or no warning - and will drain your account if you are not careful.
Use only as an academic demonstrator => * Use at your own risk *
Support and Resistance all in one The Support and Resistance Indicator (v4) is designed to identify and track key price levels in financial markets. Here's how it works:
Core Functionality
Level Detection
Uses pivot points to identify significant price levels
Looks for swing highs (resistance) and swing lows (support)
Requires price action to pivot over a specified period (default 10 bars)
Dynamic Level Management
Maintains separate arrays for support and resistance levels
Limits maximum displayed levels (default 10) to prevent chart clutter
Removes oldest levels when maximum is reached
Ensures new levels are sufficiently distant from existing ones (minimum 1% separation)
Touch Detection System
Monitors price interaction with established levels
Counts when price comes within 0.1% of any level
Updates touch count and strength classification
Categories: "New" (1 touch), "Moderate" (2 touches), "Strong" (3+ touches)
Visual Representation
Draws horizontal lines at each level
Updates line width based on strength (thicker for stronger levels)
Shows labels with price and strength information
Color coding: Red (new/moderate levels), Green (strong levels)
Displays triangles (▼▲) at pivot points
Trading Applications
Support/Resistance Trading
Strong levels (3+ touches) suggest reliable trading zones
More touches indicate higher probability reversal points
Use for stop loss and target placement
Breakout Trading
Monitor breaks of strong levels
Higher touch count suggests more significant breakouts
Watch for false breakouts at weaker levels
Risk Management
Place stops beyond strong levels
Use level strength to adjust position size
Consider multiple timeframe analysis
Best Practices
Use with other indicators for confirmation
Consider market context and trend
Monitor level strength development
Don't rely solely on touch count
Watch for price reaction at levels
Customization Options
Adjust pivot length for different timeframes
Modify minimum distance between levels
Change required touches for "Strong" classification
Toggle strength labels display
Choose line style (Solid/Dashed/Dotted)
This indicator helps identify key price levels where market participants have shown interest, making it valuable for trade planning and risk management
29&71 Goldbach levelsThe indicator automatically plots horizontal lines at the 29 and 71 price levels on your chart. These levels serve as psychological barriers in the market, where price action may react or consolidate, just as prime numbers are fundamental in the theory of numbers.
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Features:
- 29 Level: Identifies significant areas where market participants may encounter support or resistance, similar to the importance of prime numbers in Goldbach's conjecture.
- 71 Level: Marks another key zone that might indicate possible price breakouts or reversals, offering traders a reference point for decision-making.
- Customizable: You can adjust the colors, line styles, or alerts associated with these levels to fit your trading preferences.
How to Use:
- Use the 29 and 71 levels to spot potential areas of support or resistance on the chart.
- Watch for price reactions at these levels for possible breakout or reversal setups.
- Combine the levels with other technical indicators for added confirmation.
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This indicator blends the theory of prime numbers with market analysis, offering traders a novel approach to identifying key levels that might influence price movements.
Auto Fibonacci LinesThis TradingView script is a modded version of the library called "VisibleChart" created by Pinecoder.
This version has the option for users to change the Fibonacci lines and price labels. This makes the script user-friendly.
Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel after a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. This study automatically draws horizontal lines that are used to determine possible support and resistance levels.
It's designed to automatically plot Fibonacci retracement levels on chart, aiding in technical analysis for traders.
First, the highest and lowest bars on the chart are calculated. These values are used for Fibonacci extensions.
These values update as traders scroll or zoom their charts, this shows that it is a useful indicator that can dynamically calculate and draw visuals on visible bars only.
EMA with Bar Count
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### **Key Features and Functionalities**
#### 1. **Multi-Timeframe Exponential Moving Averages (EMA)**
- The script calculates and plots EMAs for various timeframes (e.g., 1 minute, 5 minutes, 60 minutes, daily, and custom intervals).
- Users can customize the length and resolution of each EMA using inputs.
- Different colors are assigned to each EMA for easy identification on the chart.
#### 2. **Background Coloring**
- Optional background coloring (`bgcolor`) indicates whether the current price is above or below the 1-hour 20 EMA.
- Green indicates the price is above, and red indicates the price is below the EMA.
#### 3. **Bar Count Labeling**
- The script tracks bar counts and displays labels at specific intervals (e.g., every 3 bars).
- Label size and text color can be customized through user inputs.
#### 4. **Inside and Outside Bar Detection**
- Detects and highlights "Inside Bars" and "Outside Bars" on the chart.
- **Inside Bar**: The current bar's high and low are within the previous bar's range.
- **Outside Bar**: The current bar's range exceeds the previous bar's range.
- These patterns are marked with shapes for visual identification.
#### 5. **Bullish/Bearish Candle Streaks**
- Identifies and marks streaks of three consecutive bullish or bearish candles.
- **Bullish Streaks**: Marked with green shapes above the bar.
- **Bearish Streaks**: Marked with red shapes above the bar.
#### 6. **Time-Based Marking**
- The script includes an option to highlight specific time intervals (e.g., 7:30 AM) with a colored vertical line or background shading.
- Configurable time inputs allow flexibility.
#### 7. **Micro Gap Detection**
- Highlights gaps between the opening price of the current bar and the closing price of the previous bar.
- Blue shapes indicate bullish gaps.
- Purple shapes indicate bearish gaps.
#### 8. **TR (Trading Range) Detection**
- Identifies bars with significant overlap based on a user-defined threshold.
- Displays "TR" labels when overlap conditions are met.
#### 9. **Bar Coloring**
- Optionally colors bars based on specific conditions:
- Green: Bullish breakout (high and low higher than the previous bar, closing above the midpoint).
- Red: Bearish breakout (high and low lower than the previous bar, closing below the midpoint).
#### 10. **50% Midpoint Line**
- Displays a horizontal line at the 50% midpoint of the bar's range, customizable for the current or last bar only.
#### 11. **Pattern Detection**
- Recognizes specific candlestick patterns (e.g., IOI, OII, IOO).
- Provides alerts for detected patterns or predefined thresholds.
#### 12. **Alerts**
- Configurable alerts for:
- Specific patterns (e.g., IOI, OII, IOO).
- Bar range exceeding a user-defined threshold.
- Bullish or bearish streaks.
#### 13. **Gap Detector**
- Identifies gaps between bars and marks them with shaded boxes.
- Bullish gaps are shaded green, while bearish gaps are shaded red.
#### 14. **Advanced Customization**
- Extensive user inputs allow traders to tailor the indicator to their trading style.
- Includes support for various levels of detail (e.g., debug mode, label visibility, etc.).
#### 15. **ZigZag and Wedge Patterns**
- Optional zigzag lines to connect swing highs and lows.
- Detects wedge patterns using customizable settings for pivot points and angle differences.
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### **Use Case Scenarios**
1. **Trend Identification**: Use multi-timeframe EMAs to confirm overall market direction.
2. **Range Trading**: Trade within ranges using detected inside and outside bars as key levels.
3. **Breakout Trading**: Use patterns like IOI and OII to anticipate breakouts.
4. **Scalping**: Exploit bullish and bearish streaks or micro gaps for quick trades.
5. **Pattern-Based Alerts**: Set up alerts for specific market conditions or candlestick patterns.
### **Why This Indicator Is Useful**
- Combines multiple trading tools into a single, customizable script.
- Saves time by automating complex calculations and pattern detections.
- Improves decision-making with clear visual cues and configurable alerts.
Let me know if you'd like any additional explanations or adjustments!
HTF RangeThis Pine Script indicator, HTF Range , is a tool designed to help traders visualize predefined ranges (highs and lows) and analyze price action within those levels. It's particularly useful for identifying key levels and trends for a set of pre-configured assets, such as cryptocurrencies, stocks, and forex pairs.
Key Features:
1. Predefined Symbol Ranges:
Stores a list of assets (tickers) with corresponding high, low, and trend information in an array.
Automatically matches the current symbol on the chart (syminfo.ticker) to fetch and display relevant range data:
High Range: The upper price level.
Low Range: The lower price level.
Trend: Indicates whether the trend is "up" or "down."
Example tickers: BTCUSDT, ETHUSDT, GBPUSD, NVDA, and more.
2. Range Visualizations:
Extremeties: Draws dashed horizontal lines for the high and low levels.
Half-Level: Marks the midpoint of the range with a dashed yellow line.
Upper and Lower Quarters: Highlights upper and lower portions of the range using shaded boxes with customizable extensions:
3. Configurable Inputs:
Enable/Disable Levels: Toggles for extremeties, half-levels, and quarter-levels.
Table Info: Option to display a table summarizing the range data (symbol, high, low, and trend).
4. Dynamic Calculations:
Automatically calculates the difference between the high and low (diff) for precise range subdivisions.
Dynamically adjusts visuals based on the trend (up or down) for better relevance to the market condition.
5. Table Display:
Provides a detailed summary of the asset's range and trend in the top-right corner of the chart:
Symbol ticker.
High and low levels.
Overall trend direction.
Use Case:
This indicator is ideal for traders who:
Trade multiple assets and want a quick overview of key price ranges.
Analyze price movements relative to predefined support and resistance zones.
Use range-based strategies for trend following, breakout trading, or reversals.
