StonkBTC - autoswitch secondary series for scalpersSince the drop in March of 2020, the U.S. ETF , SPY, has been correlated with bitcoin's moves, especially during the NY session.
This tool is meant to help traders who want to take advantage of that without having to switch the secondary series between BTCUSD and (generally) SPY when changing the ticker they are viewing.
How this works:
The indicator will automatically switch between bitcoin or equity index depending on what ticker your current chart is. Ideally this tool would be very simple to use.
Options:
Show/hide a 'track price' line
Index choice of SP500, Nasdaq 100, and Russell 2000. Further selection by ETF, futures, and CFD
Varied bitcoin price sources
Notes:
You will need a separate subscription to TradingView to view realtime CME futures data (if not, it will be delayed by 10 minutes). Because of this, the default option chosen is the CFD for the most complete chart when viewing bitcoin.
NY Core Trading Session: 9:30 a.m. to 4:00 p.m. ET
www.nyse.com
Поиск скриптов по запросу "session"
VWAP – Pivot Pairs (SECONDS‑BASED RESET)VWAP – Pivot Pairs (SECONDS-BASED RESET) is a Pine Script v6 indicator for TradingView that combines pivot-based breakout detection with resettable VWAP (Volume Weighted Average Price) calculations over user-defined rolling time periods in seconds.It identifies high and low swing pivots via breakout logic, then calculates two VWAP lines per anchor:One using high/low as the price source,
One using close as the price source.
These form "pivot pairs" that reset automatically at the start of each custom-duration period (e.g., every 300 seconds), starting from a user-defined UTC time of day (default: 09:30 UTC).Visuals include:Colored VWAP lines (high pair: red, low pair: green),
Semi-transparent fill zones between each pair,
Optional toggles to show/hide high or low pairs.
Use CasesUse Case
Description
Intraday Scalping (1–15 min charts)
Use 60–300 second resets to capture micro-trends within larger sessions. VWAP pairs act as dynamic support/resistance after breakouts.
High-Frequency / Algo Validation
Backtest strategies on tick/second charts where traditional session resets fail. Align resets with exchange micro-sessions or volatility windows.
Opening Range Breakout (ORB) Enhancement
Set period_seconds = 1800 (30 min) and start time = 09:30 UTC → VWAP builds only on first 30 mins post-open, then floats. Pairs show deviation from ORB mean.
Range-Bound Market Analysis
In choppy markets, VWAP pairs converge near fair value. Divergence signals potential breakout. Fill color intensity shows conviction.
Multi-Timeframe Confluence
Overlay on 1-second chart with 300s reset → matches 5-minute structure. Use close-based VWAP for entries, high/low-based for stops.
Key Features SummaryFeature
Function
period_seconds
Rolling window length in seconds (e.g., 300 = 5 min)
period_start_time
UTC time-of-day anchor (default: 09:30)
new_period logic
Triggers full reset of pivots + VWAP on exact second boundary
breakingHigher / breakingLower
Detects confirmed breakouts (not just close above high)
Dual VWAP per anchor
ta.vwap(high) and ta.vwap(close) for range-aware mean
Fill zones
Visual value area between high/close VWAPs
Toggle visibility
Independently show/hide high or low pivot pairs
How It Works – Step-by-StepTime Engine Converts user inputs → milliseconds
Calculates current period start time using integer division from epoch
Detects exact bar when new period begins (new_period = true)
On New Period Resets both high/low anchors to current bar’s h and l
Forces VWAP recalculation from this bar forward
Breakout Detection Only triggers on strong candles (rising/falling, non-doji)
Requires open/close beyond prior pivot → avoids wicks-only breaks
VWAP Accumulation ta.vwap(source, reset_condition) restarts when anchor resets
Two sources per side → shows where volume clustered (at highs vs closes)
Plotting Four lines + two fills
Clean, customizable, overlay-friendly
Pro TipsUse on Heikin Ashi for smoother breakout signals.
Combine with volume profile to validate VWAP clusters.
For crypto, set period_start_time = 0 (00:00 UTC) for clean 4-hour resets.
Add alerts on new_period or breakingHigher for automation.
In short: This is a precision VWAP tool for time-boxed, pivot-driven mean reversion and breakout trading, ideal for scalpers, day traders, and algo developers needing sub-session granularity.
Overnight Time Box Overnight Time Box (22:59 → 09:59, minutes & TZ)
Automatically draws a time-based box for a customizable window that can cross midnight. Perfect for marking the overnight range up to London open (e.g., 22:59–09:59 in Europe/Bucharest), but works with any minute-level window.
What it does
Builds a daily box covering all price action between two user-defined times (e.g., 22:59 → 09:59).
Tracks session High/Low in real time and can plot extended HL lines for reference.
Keeps historical boxes on the chart for backtesting and review (no flicker, no errors).
How to use
Add the script to an intraday chart.
Configure:
Time zone (default: Europe/Bucharest).
Interval (HHMM-HHMM) — e.g., 2259-0959 (minutes supported).
Optional: High/Low lines, fill color, border color, line width.
Use on intraday timeframes (M1–H4).
Note: On Daily/Weekly/Monthly, a heads-up label reminds you it’s designed for intraday use.
Inputs
Time zone: correct DST handling.
Interval (HHMM-HHMM): supports windows that span midnight.
Draw High/Low lines: extended HL guides for the session.
Colors & widths: full visual customization.
Use cases
Mark the overnight range into London open (10:00 RO).
Delimit Killzones / ICT Silver Bullet windows.
Study range, liquidity raids, FVGs before major sessions.
Tech notes
Built on Pine Script v5 using input.session → stable, DST-safe.
Increased max_boxes_count / max_lines_count to preserve history.
Boxes are “frozen” at session end and remain on chart.
Limitations
Intended for intraday only.
One interval per script instance; attach multiple instances for multiple windows.
Smart MACD Volume Trader# Smart MACD Volume Trader
## Overview
Smart MACD Volume Trader is an enhanced momentum indicator that combines the classic MACD (Moving Average Convergence Divergence) oscillator with an intelligent high-volume filter. This combination significantly reduces false signals by ensuring that trading signals are only generated when price momentum is confirmed by substantial volume activity.
The indicator supports over 24 different instruments including major and exotic forex pairs, precious metals (gold and silver), energy commodities (crude oil, natural gas), and industrial metals (copper). For forex and commodity traders, the indicator automatically maps to CME and COMEX futures contracts to provide accurate institutional-grade volume data.
## Originality and Core Concept
Traditional MACD indicators generate signals based solely on price momentum, which can result in numerous false signals during low-activity periods or ranging markets. This indicator addresses this critical weakness by introducing a volume confirmation layer with automatic institutional volume integration.
**What makes this approach original:**
- Signals are triggered only when MACD crossovers coincide with elevated volume activity
- Implements a lookback mechanism to detect volume spikes within recent bars
- Automatically detects and maps 24+ forex pairs and commodities to their corresponding CME and COMEX futures contracts
- Provides real institutional volume data for forex pairs where spot volume is unreliable
- Combines two independent market dimensions (price momentum and volume) into a single, actionable signal
- Includes intelligent asset detection that works across multiple exchanges and ticker formats
**The underlying principle:** Volume validates price movement. When institutional money enters the market, it creates volume signatures. By requiring high volume confirmation and using actual institutional volume data from futures markets, this indicator filters out weak price movements and focuses on trades backed by genuine market participation. The automatic futures mapping ensures that forex and commodity traders always have access to the most accurate volume data available, without manual configuration.
## How It Works
### MACD Component
The indicator calculates MACD using standard methodology:
1. **Fast EMA (default: 12 periods)** - Tracks short-term price momentum
2. **Slow EMA (default: 26 periods)** - Tracks longer-term price momentum
3. **MACD Line** - Difference between Fast EMA and Slow EMA
4. **Signal Line (default: 9-period SMA)** - Smoothed average of MACD line
**Crossover signals:**
- **Bullish:** MACD line crosses above Signal line (momentum turning positive)
- **Bearish:** MACD line crosses below Signal line (momentum turning negative)
### Volume Filter Component
The volume filter adds an essential confirmation layer:
1. **Volume Moving Average** - Calculates exponential MA of volume (default: 20 periods)
2. **High Volume Threshold** - Multiplies MA by ratio (default: 2.0x or 200%)
3. **Volume Detection** - Identifies bars where current volume exceeds threshold
4. **Lookback Period** - Checks if high volume occurred in recent bars (default: 5 bars)
**Signal logic:**
- Buy/Sell signals only trigger when BOTH conditions are met:
- MACD crossover/crossunder occurs
- High volume detected within lookback period
### Automatic CME Futures Integration
For forex traders, spot FX volume data can be unreliable or non-existent. This indicator solves this problem by automatically detecting forex pairs and mapping them to corresponding CME futures contracts with real institutional volume data.
**Supported Major Forex Pairs (7):**
- EURUSD → CME:6E1! (Euro FX Futures)
- GBPUSD → CME:6B1! (British Pound Futures)
- AUDUSD → CME:6A1! (Australian Dollar Futures)
- USDJPY → CME:6J1! (Japanese Yen Futures)
- USDCAD → CME:6C1! (Canadian Dollar Futures)
- USDCHF → CME:6S1! (Swiss Franc Futures)
- NZDUSD → CME:6N1! (New Zealand Dollar Futures)
**Supported Exotic Forex Pairs (4):**
- USDMXN → CME:6M1! (Mexican Peso Futures)
- USDRUB → CME:6R1! (Russian Ruble Futures)
- USDBRL → CME:6L1! (Brazilian Real Futures)
- USDZAR → CME:6Z1! (South African Rand Futures)
**Supported Cross Pairs (6):**
- EURJPY → CME:6E1! (Uses Euro Futures)
- GBPJPY → CME:6B1! (Uses British Pound Futures)
- EURGBP → CME:6E1! (Uses Euro Futures)
- AUDJPY → CME:6A1! (Uses Australian Dollar Futures)
- EURAUD → CME:6E1! (Uses Euro Futures)
- GBPAUD → CME:6B1! (Uses British Pound Futures)
**Supported Precious Metals (2):**
- Gold (XAUUSD, GOLD) → COMEX:GC1! (Gold Futures)
- Silver (XAGUSD, SILVER) → COMEX:SI1! (Silver Futures)
**Supported Energy Commodities (3):**
- WTI Crude Oil (USOIL, WTIUSD) → NYMEX:CL1! (Crude Oil Futures)
- Brent Oil (UKOIL) → NYMEX:BZ1! (Brent Crude Futures)
- Natural Gas (NATGAS) → NYMEX:NG1! (Natural Gas Futures)
**Supported Industrial Metals (1):**
- Copper (COPPER) → COMEX:HG1! (Copper Futures)
**How the automatic detection works:**
The indicator intelligently identifies the asset type by analyzing:
1. Exchange name (FX, OANDA, TVC, COMEX, NYMEX, etc.)
2. Currency pair pattern (6-letter codes like EURUSD, GBPUSD)
3. Commodity identifiers (XAU for gold, XAG for silver, OIL for crude)
When a supported instrument is detected, the indicator automatically switches to the corresponding futures contract for volume analysis. For stocks, cryptocurrencies, and other assets, the indicator uses the native volume data from the current chart.
**Visual feedback:**
An information table appears in the top-right corner of the MACD pane showing:
- Current chart symbol
- Exchange name
- Currency pair or asset name
- Volume source being used (highlighted in orange for futures, yellow for native volume)
- Current high volume status
This provides complete transparency about which data source the indicator is using for its volume analysis.
## How to Use
### Basic Setup
1. Add the indicator to your chart
2. The indicator displays in a separate pane (MACD) and overlay (signals/volume bars)
3. Default settings work well for most assets, but can be customized
### Signal Interpretation
### Visual Signals
**Visual Signals:**
- **Green "BUY" label** - Bullish MACD crossover confirmed by high volume
- **Red "SELL" label** - Bearish MACD crossunder confirmed by high volume
- **Green/Red candles** - Highlight bars with volume exceeding the threshold
- **Light green/red background** - Emphasizes signal bars on the chart
**Information Table:**
A detailed information table appears in the top-right corner of the MACD pane, providing real-time transparency about the indicator's operation:
- **Chart:** Current symbol being analyzed
- **Exchange:** The exchange or data feed being used
- **Pair:** The currency pair or asset name extracted from the ticker
- **Volume From:** The actual symbol used for volume analysis
- Orange color indicates CME or COMEX futures are being used (automatic institutional volume)
- Yellow color indicates native volume from the chart symbol is being used
- Hover tooltip shows whether automatic futures mapping is active
- **High Volume:** Current status showing YES (green) when volume exceeds threshold, NO (gray) otherwise
This table ensures complete transparency and allows you to verify that the correct volume source is being used for your analysis.
**Volume Analysis:**
- Gray histogram bars = Normal volume
- Red histogram bars = High volume (exceeds threshold)
- Green line = Volume moving average baseline
**MACD Analysis:**
- Blue line = MACD line (momentum indicator)
- Orange line = Signal line (trend confirmation)
- Gray dotted line = Zero line (bullish above, bearish below)
### Parameter Customization
**MACD Parameters:**
- Adjust Fast/Slow EMA lengths for different sensitivities
- Shorter periods = More signals, faster response
- Longer periods = Fewer signals, less noise
**Volume Parameters:**
- **Volume MA Period:** Higher values smooth volume analysis
- **High Volume Ratio:** Lower values (1.5x) = More signals; Higher values (3.0x) = Fewer, stronger signals
- **Volume Lookback Bars:** Controls how recent the volume spike must be
**Direction Filters:**
- **Only Buy Signals:** Enables long-only strategy mode
- **Only Sell Signals:** Enables short-only strategy mode
### Alert Configuration
The indicator includes three alert types:
1. **Buy Signal Alert** - Triggers when bullish signal appears
2. **Sell Signal Alert** - Triggers when bearish signal appears
3. **High Volume Alert** - Triggers when volume exceeds threshold
To set up alerts:
1. Click the indicator name → "Add alert on Smart MACD Volume Trader"
2. Select desired alert condition
3. Configure notification method (popup, email, webhook, etc.)
## Trading Strategy Guidelines
### Best Practices
**Recommended markets:**
- Liquid stocks (large-cap, high daily volume)
- Major forex pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, NZDUSD)
- Exotic forex pairs (USDMXN, USDRUB, USDBRL, USDZAR)
- Cross pairs (EURJPY, GBPJPY, EURGBP, AUDJPY, EURAUD, GBPAUD)
- Precious metals (Gold, Silver with automatic COMEX futures mapping)
- Energy commodities (Crude Oil, Natural Gas with automatic NYMEX futures mapping)
- Industrial metals (Copper with automatic COMEX futures mapping)
- Major cryptocurrency pairs
- Index futures and ETFs
**Timeframe recommendations:**
- **Day trading:** 5-minute to 15-minute charts
- **Swing trading:** 1-hour to 4-hour charts
- **Position trading:** Daily charts
**Risk management:**
- Use signals as entry confirmation, not standalone strategy
- Combine with support/resistance levels
- Consider overall market trend direction
- Always use stop-loss orders
### Strategy Examples
**Trend Following Strategy:**
1. Identify overall trend using higher timeframe (e.g., daily chart)
2. Trade only in trend direction
3. Use "Only Buy" filter in uptrends, "Only Sell" in downtrends
4. Enter on signal, exit on opposite signal or at resistance/support
**Volume Breakout Strategy:**
1. Wait for consolidation period (low volume, tight MACD range)
2. Enter when signal appears with high volume (confirms breakout)
3. Target previous swing highs/lows
4. Stop loss below/above recent consolidation
**Forex Scalping Strategy (with automatic CME futures):**
1. The indicator automatically detects forex pairs and uses CME futures volume
2. Trade during active sessions only (use session filter)
3. Focus on quick profits (10-20 pips)
4. Exit at opposite signal or profit target
**Commodities Trading Strategy (Gold, Silver, Oil):**
1. The indicator automatically maps to COMEX and NYMEX futures contracts
2. Trade during high-liquidity sessions (overlap of major markets)
3. Use the high volume confirmation to identify institutional entry points
4. Combine with key support and resistance levels for entries
5. Monitor the information table to confirm futures volume is being used (orange color)
6. Exit on opposite MACD signal or at predefined profit targets
## Why This Combination Works
### The Volume Advantage
Studies consistently show that price movements accompanied by high volume are more likely to continue, while low-volume movements often reverse. This indicator leverages this principle by requiring volume confirmation.
**Key benefits:**
1. **Reduced False Signals:** Eliminates MACD whipsaws during low-volume consolidation
2. **Confirmation Bias:** Two independent indicators (price momentum + volume) agreeing
3. **Institutional Alignment:** High volume often indicates institutional participation
4. **Trend Validation:** Volume confirms that price momentum has "conviction"
### Statistical Edge
By combining two uncorrelated signals (MACD crossovers and volume spikes), the indicator creates a higher-probability setup than either signal alone. The lookback mechanism ensures signals aren't missed if volume spike slightly precedes the MACD cross.
## Supported Exchanges and Automatic Detection
The indicator includes intelligent asset detection that works across multiple exchanges and ticker formats:
**Forex Exchanges (Automatic CME Mapping):**
- FX (TradingView forex feed)
- OANDA
- FXCM
- SAXO
- FOREXCOM
- PEPPERSTONE
- EASYMARKETS
- FX_IDC
**Commodity Exchanges (Automatic COMEX/NYMEX Mapping):**
- TVC (TradingView commodity feed)
- COMEX (directly)
- NYMEX (directly)
- ICEUS
**Other Asset Classes (Native Volume):**
- Stock exchanges (NASDAQ, NYSE, AMEX, etc.)
- Cryptocurrency exchanges (BINANCE, COINBASE, KRAKEN, etc.)
- Index providers (SP, DJ, etc.)
The detection algorithm analyzes three factors:
1. Exchange prefix in the ticker symbol
2. Pattern matching for currency pairs (6-letter codes)
3. Commodity identifiers in the symbol name
This ensures accurate automatic detection regardless of which data feed or exchange you use for charting. The information table in the top-right corner always displays which volume source is being used, providing complete transparency.
## Technical Details
**Calculations:**
- MACD Fast MA: EMA(close, fastLength)
- MACD Slow MA: EMA(close, slowLength)
- MACD Line: Fast MA - Slow MA
- Signal Line: SMA(MACD Line, signalLength)
- Volume MA: Exponential MA of volume
- High Volume: Current volume >= Volume MA × Ratio
**Signal logic:**
```
Buy Signal = (MACD crosses above Signal) AND (High volume in last N bars)
Sell Signal = (MACD crosses below Signal) AND (High volume in last N bars)
```
## Parameters Reference
| Parameter | Default | Description |
|-----------|---------|-------------|
| Volume Symbol | Blank | Manual override for volume source (leave blank for automatic detection) |
| Use CME Futures | False | Legacy option (automatic detection is now built-in) |
| Alert Session | 1530-2200 | Active session time range for alerts |
| Timezone | UTC+1 | Timezone for alert sessions |
| Volume MA Period | 20 | Number of periods for volume moving average |
| High Volume Ratio | 2.0 | Volume threshold multiplier (2.0 = 200% of average) |
| Volume Lookback | 5 | Number of bars to check for high volume confirmation |
| MACD Fast Length | 12 | Fast EMA period for MACD calculation |
| MACD Slow Length | 26 | Slow EMA period for MACD calculation |
| MACD Signal Length | 9 | Signal line SMA period |
| Only Buy | False | Filter to show only bullish signals |
| Only Sell | False | Filter to show only bearish signals |
| Show Signals | True | Display buy and sell labels on chart |
## Optimization Tips
**For volatile markets (crypto, small caps):**
- Increase High Volume Ratio to 2.5-3.0
- Reduce Volume Lookback to 3-4 bars
- Consider faster MACD settings (8, 17, 9)
**For stable markets (large-cap stocks, bonds):**
- Decrease High Volume Ratio to 1.5-1.8
- Increase Volume MA Period to 30-50
- Use standard MACD settings
**For forex (with automatic CME futures):**
- The indicator automatically uses CME futures when forex pairs are detected
- Set appropriate trading session based on your timezone
- Use Volume Lookback of 5-7 bars
- Consider session-based alerts only
- Monitor the information table to verify correct futures mapping
**For commodities (Gold, Silver, Oil, Copper):**
- The indicator automatically maps to COMEX and NYMEX futures
- Increase High Volume Ratio to 2.0-2.5 for metals
- Use slightly higher Volume MA Period (25-30) for smoother analysis
- Trade during active market hours for best volume data
- The information table will show the futures contract being used (orange highlight)
## Limitations and Considerations
**What this indicator does NOT do:**
- Does not predict future price direction
- Does not guarantee profitable trades
- Does not replace proper risk management
- Does not work well in extremely low-volume conditions
**Market conditions to avoid:**
- Pre-market and after-hours sessions (low volume)
- Major news events (volatile, unpredictable volume)
- Holidays and low-liquidity periods
- Extremely low float stocks
## Conclusion
Smart MACD Volume Trader represents a significant evolution of the traditional MACD indicator by combining volume confirmation with automatic institutional volume integration. This dual-confirmation approach significantly improves signal quality by filtering out low-conviction price movements and ensuring traders work with accurate volume data.
The indicator's automatic detection and mapping system supports over 24 instruments across forex, commodities, and metals markets. By intelligently switching to CME and COMEX futures contracts when appropriate, the indicator provides forex and commodity traders with the same quality of volume data that stock traders naturally have access to.
This indicator is particularly valuable for traders who want to:
- Align their entries with institutional money flow
- Avoid getting trapped in false breakouts
- Trade forex pairs with reliable volume data
- Access accurate volume information for gold, silver, and energy commodities
- Combine momentum and volume analysis in a single, streamlined tool
Whether you are day trading stocks, swing trading forex pairs, or positioning in commodities markets, this indicator provides a robust framework for identifying high-probability momentum trades backed by genuine institutional participation. The automatic futures mapping works seamlessly across all supported instruments, requiring no manual configuration or expertise in futures markets.
---
## Support and Updates
This indicator is actively maintained and updated based on user feedback and market conditions. For questions about implementation or custom modifications, please use the comments section below.
**Disclaimer:** This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always conduct your own analysis and risk management before trading.
Clean ATR LevelsSimple 14D ATR +1 & -1 display from PM to Close.
The Clean ATR Levels indicator is a powerful Pine Script tool designed to provide traders with dynamic support and resistance levels based on the Average True Range (ATR) calculation. This indicator automatically draws horizontal lines that represent key price levels where significant market reactions are likely to occur, helping traders identify potential entry and exit points throughout the trading session.
The core functionality centers around calculating ATR levels using the most recent daily close as the reference point. The script draws two primary levels: an upper level at +100% ATR above the current close and a lower level at -100% ATR below the current close. These levels represent statistically significant price zones where the market has historically shown increased volatility and potential reversal patterns. Additionally, the indicator includes an optional previous close line that serves as a psychological reference point for intraday price action.
What sets this indicator apart is its intelligent session management and clean visual presentation. The lines are automatically redrawn at the start of each new trading day and are programmed to extend precisely until 4 PM EST market close, eliminating visual clutter on the chart. This session-aware approach ensures that traders are always working with the most relevant levels for the current trading day without having outdated lines extending unnecessarily into future sessions.
The indicator also features a comprehensive information table that displays real-time values for the ATR calculation, current close price, and both upper and lower ATR levels. This provides traders with exact numerical references without having to manually calculate these critical values. The script is highly customizable, allowing users to adjust the ATR period, line colors, widths, and choose whether to display the previous close reference line, making it adaptable to various trading styles and visual preferences.
TPO[Fixed Range, Anchored, Bars Back]TPO Bars Back, Fixed Range and Anchored
Overview
The TPO Profile (Time Price Opportunity Profile) is a powerful market profile indicator that displays the amount of time price spent at different levels during a specified period. Unlike traditional volume profile indicators that show volume distribution, TPO Profile shows time distribution , providing insights into where price has spent the most time and identifying key support and resistance levels.
Key Advantages Over TradingView's Built-in TPO
Simplified Composite Creation : Automatically creates TPO profiles for any time range without manual split/merge operations
Instant Value Area Calculation : Immediately shows Value Area, POC, VAH, and VAL for your selected period
No Manual Assembly Required : TradingView's native TPO requires you to manually split sessions and merge them to create composites - this indicator does it automatically
Flexible Time Ranges : Create composites for any custom time period (multiple days, weeks, specific events) with a few clicks
Real-time Composite Updates : Anchor mode creates live composites that update as new data arrives
Multiple Composite Analysis : Easily compare different time periods without the tedious manual process
Key Features
Core Functionality
Time-Based Analysis : Shows time spent at each price level rather than volume
Configurable Time Blocks : Use any timeframe for TPO counting (30min, 1H, 4H, etc.)
Multiple Price Levels : Adjustable from 5 to 200 levels for granular analysis
Point of Control (POC) : Automatically identifies the price level with highest time activity
Value Area Calculation : Shows the price range containing 70% (configurable) of time activity
Automatic Composite Generation : Creates multi-session composites without manual intervention
Three Operating Modes
1. Bars Back Mode
Analyzes the last N bars from the current bar
Perfect for recent market activity analysis
Range: 10-500 bars
Use Case : Intraday analysis, recent session review
2. Fixed Range Mode
Analyzes a specific time period between start and end times
Ideal for historical analysis of specific events
Creates perfect composites for multi-day periods
Use Case : Earnings periods, news events, specific trading sessions, weekly/monthly composites
3. Anchor Mode (NEW)
Starts from a specific time and extends to the current bar
Dynamically updates as new bars form
Perfect for building live composites from any starting point
Use Case : Live session monitoring, event-based analysis from a specific point, growing composites
Visual Elements
TPO Bars
Horizontal bars showing time distribution at each price level
Longer bars = more time spent at that level
Color-coded to distinguish Value Area from outlying levels
Point of Control (POC)
Red line marking the price level with highest time activity
Most significant support/resistance level
Configurable line style (Solid/Dashed/Dotted) and width
Value Area High/Low (VAH/VAL)
Green and Orange lines marking the boundaries of the Value Area
Shows the price range containing the specified percentage of time activity
Optional display with customizable line styles
Single Print Detection
Identifies price levels touched by only one time block
Display options: Lines or Boxes
Purple color highlighting these significant levels
Often act as strong support/resistance in future trading
Customization Options
Time Block Configuration
Block Time : Choose timeframe for TPO counting (30min, 1H, 4H, etc.)
Allows analysis at different time granularities
Higher timeframes = broader perspective, Lower timeframes = finer detail
Visual Styling
Line Styles : Solid, Dashed, or Dotted for all line elements
Line Widths : 1-5 pixels for POC, VAH, and VAL lines
Colors : Fully customizable colors for all elements
Transparency : Adjustable transparency for better chart readability
Label Management
Show/Hide Labels : Toggle POC, VAH, VAL labels
Font Sizes : Tiny, Small, Normal, Large, Huge
Label Positioning : 8 different position options relative to lines
Offset Controls : Fine-tune label positioning
Line Extension
Level Offset Right : Controls how far lines extend
Smart extension logic:
Value ≤ 0: Infinite extension (extend.right)
Value ≥ 1: Extends exactly N bars ahead
Trading Applications
Support & Resistance
POC often acts as strong support/resistance
Value Area boundaries provide key levels
Single prints frequently become significant levels
Market Structure Analysis
Identify areas of price acceptance (thick TPO bars)
Spot areas of price rejection (thin TPO bars)
Understand where market participants are comfortable trading
Composite Profile Analysis
Create multi-day, weekly, or monthly composites instantly
Compare different composite periods without manual work
Analyze longer-term price acceptance levels
Build composites around specific events or announcements
Session Analysis
Monitor intraday session development in real-time
Compare different sessions (London, New York, Asia)
Track how profiles change throughout the trading day
Build live composites across multiple sessions
Event Analysis
Use Fixed Range mode for earnings, news events
Use Anchor mode to track price development from specific events
Compare pre/post event price acceptance levels
Create event-based composites automatically
Input Parameters
Mode Selection
Mode : Bars Back | Fixed Range | Anchor
Bars Back : Number of bars to analyze (10-500)
Start Time : Beginning time for Fixed Range and Anchor modes
End Time : Ending time for Fixed Range mode only
Analysis Configuration
Block Time : Timeframe for TPO blocks (e.g., "30" for 30-minute blocks)
TPO Levels : Number of price levels (5-200)
Value Area % : Percentage for Value Area calculation (50-95%)
Display Options
Show POC : Display Point of Control line
Show Value Area : Display Value Area box
Show VAH/VAL Lines : Display Value Area boundary lines
Show Single Prints : Display single print detection
Single Print Style : Lines or Boxes
Styling Controls
Colors : TPO, POC, Value Area, VAH, VAL, Single Print colors
Line Styles : POC, VAH, VAL line styles
Line Widths : POC, VAH, VAL line widths
Labels : Show/hide, font size, position, offset controls
Technical Details
Calculation Method
Divides the price range into equal levels based on TPO Levels setting
For each time block, determines which price levels it crosses
Adds +1 count to each crossed level
Identifies POC as the level with highest count
Calculates Value Area by expanding from POC until target percentage is reached
Performance Considerations
Historical data limited to prevent buffer overflow errors
Smart bounds checking for different timeframes
Optimized cleanup routines to prevent drawing object accumulation
Pine Script Version
Built on Pine Script v6
Uses modern Pine Script best practices
Efficient array handling and drawing object management
Best Practices
Timeframe Selection
Block Time = Chart Timeframe : Traditional TPO approach
Block Time > Chart Timeframe : Smoother, broader perspective
Block Time < Chart Timeframe : More granular, detailed analysis
Level Count Guidelines
Low levels (10-20) : Better for swing trading, major levels
High levels (50-100) : Better for scalping, precise entries
Very high levels (100+) : For very detailed analysis
Mode Selection
Bars Back : Daily analysis, recent activity
Fixed Range : Historical events, specific periods, manual composites
Anchor : Live monitoring, event-based analysis, growing composites
Composite Creation Workflow
Select Fixed Range or Anchor mode
Set your desired start time (and end time for Fixed Range)
Adjust TPO Levels for desired granularity
Enable VAH/VAL lines to see Value Area boundaries
The composite profile generates automatically with all key levels
This indicator eliminates the tedious manual process of creating composite TPO profiles in TradingView. Instead of splitting sessions and manually merging them, you get instant composite analysis with automatic Value Area calculation, POC identification, and single print detection. The combination of time-based analysis, multiple operating modes, and extensive customization options makes it a powerful tool for understanding market structure and price acceptance levels across any time period.
4-EMA Signals + MTF Analysis4-EMA Signals + MTF Analysis Indicator: User Guide
This indicator is designed for active traders; from scalpers / intra-day traders to swing-traders who simply want an easy to understand, simple, but yet comprehensive and easy-to-understand indicator with a quick overview of initial market momentum and overall market direction to assist the trader in their initial trading.
The main feature of this indicator is that It overlays four exponential moving averages (EMAs), and provides a dashboard of real-time trend signals for both buy and sell (long/short) scenarios.
Settings Overview
MA Period Setup
Custom: Set your own EMA periods.
Conservative, Aggressive, Fibonacci: Quickly apply preset EMA period combinations for different trading styles.
EMA Periods (Custom Setup)
Fast EMA: Shortest EMA, reacts quickly to price (default 7).
Medium-Short EMA: Intermediate speed (default 25).
Medium-Long EMA: Slower, filters out more noise (default 70).
Slow EMA: Longest-term trend (default 200).
(These settings can be adjusted to suit your individual needs)
Main Indicator Features
Four EMAs : Plotted in distinct colors (green, yellow, orange, red) for quick trend recognition - this can be altered in colour to your personal preferences.
Buy/Sell Signals : Triangles appear below/above bars when EMA crossovers occur, optionally filtered by volume - the volume filter when applied greatly reduces the influx of signals, only giving high-quality signals!
Trading Sessions + Backgrounds : A trading session feature has been added: (London, New York, Asia, Sydney) with the choice of a background to indicate each global trading session.
Volume Overlay : Volume bars and a blue volume moving average line for context.
Dashboard Table (Top Right):
Market Direction: Shows the overall EMA alignment (bullish, bearish, weak, consolidating).
The initial trend on the 5m, 15m, 1H, and 4H time-frame to give a quick snapshot of overall trend direction.
How to Use
Trend Identification :
-- Use the EMA alignment and dashboard table to quickly see if the market is bullish, bearish, or consolidating.
EMA Set-up
-- Adjust the EMA settings to your specific requirements, the signals will alter depending on the volatility of the instrument your trading.
Signal Confirmation :
-- ''Buy'' signals simply appear when the faster EMAs cross above slower EMAs in and ''Sell'' signals simply appear when they cross below.
Volume Context :
--Use the volume moving average and the optional volume filter to avoid signals during low-activity periods.
No Repainting :
-- All signals and dashboard readings are calculated using only confirmed, closed bars. What you see in real time is exactly what will appear in your back-test — no repainting or look-ahead bias.
Alerts / Notifications
Now for the fun part:
1. Enable Buy/Sell Signal Alerts: Get notifications when buy or sell signals occur.
2. For Alerts to function correctly, set the ''condition'' to the indicator itself.
3. Select ''EMA Bearish Cross'' or ''EMA Bullish Cross'' depending whether you want alerts for either buy/sell signals - Or one can simply set alerts for both scenarios.
4. For ''Interval'' set to ''Same as chart'' - So, the time-frame which you'd like to trade on.
5. For ''Trigger'' set to ''Once Per Bar Close''.
6. Save.
7. Wait for a signal to occur!
NOTE: Before placing a trade, it's often best to also assess the market conditions at that time also - and not rely solely on the signals, the signals are to assist, and it's often occurred a signal has shown, but a pull-back occurs, and a FVG in discount holds -- it's this FVG holding, accompanied by volume, that's the real entry, possibly.
Tip: For the cleanest results, use the indicator during the most active sessions and always check multi-time-frame trend alignment before entering trades. Good Luck! :)
LANZ Strategy 3.0🔷 LANZ Strategy 3.0 — Asian Range Fibonacci Strategy with Execution Window Logic
LANZ Strategy 3.0 is a rule-based trading system that utilizes the Asian session range to project Fibonacci levels and manage entries during a defined execution window. Designed for Forex and index traders, this strategy focuses on structured price behavior around key levels before the New York session.
🧠 Core Components:
Asian Session Range Mapping: Automatically detects the high, low, and midpoint during the Asian session.
Fibonacci Level Projection: Projects configurable Fibonacci retracement and extension levels based on the Asian range.
Execution Window Logic: Uses the 01:15 NY candle as a reference to validate potential reversals or continuation setups.
Conditional Entry System: Includes logic for limit order entries (buy or sell) at specific Fib levels, with reversal logic if price breaks structure before execution.
Risk Management: Entry orders are paired with dynamic SL and TP based on Fibonacci-based distances, maintaining a risk-reward ratio consistent with intraday strategies.
📊 Visual Features:
Asian session high/low/mid lines.
Fibonacci levels: Original (based on raw range) and Optimized (user-adjustable).
Session background coloring for Asia, Execution Window, and NY session.
Labels and lines for entry, SL, and TP targets.
Dynamic deletion of untriggered orders after execution window expires.
⚙️ How It Works:
The script calculates the Asian session range.
Projects Fibonacci levels from the range.
Waits for the 01:15 NY candle to close to validate a signal.
If valid, a limit entry order (BUY or SELL) is plotted at the selected level.
If price structure changes (e.g., breaks the high/low), reversal logic may activate.
If no trade is triggered, orders are cleared before the NY session.
🔔 Alerts:
Alerts trigger when a valid setup appears after 01:15 NY candle.
Optional alerts for order activation, SL/TP hit, or trade cancellation.
📝 Notes:
Intended for semi-automated or discretionary trading.
Best used on highly liquid markets like Forex majors or indices.
Script parameters include session times, Fib ratios, SL/TP settings, and reversal logic toggle.
Credits:
Developed by LANZ, this script merges traditional session-based analysis with Fibonacci tools and structured execution timing, offering a unique framework for morning volatility plays.
CYCLE BY RiotWolftradingDescription of the "CYCLE" Indicator
The "CYCLE" indicator is a custom Pine Script v5 script for TradingView that visualizes cyclic patterns in price action, dividing the trading day into specific sessions and 90-minute quarters (Q1-Q4). It is designed to identify and display market phases (Accumulation, Manipulation, Distribution, and Continuation/Reversal) along with key support and resistance levels within those sessions. Additionally, it allows customization of boxes, lines, labels, and colors to suit user preferences.
Main Features
Cycle Phases:
Accumulation (1900-0100): Represents the phase where large operators accumulate positions.
Manipulation (0100-0700): Identifies potential manipulative moves to mislead retail traders.
Distribution (0700-1300): The phase where large operators distribute their positions.
Continuation/Reversal (1300-1900): Indicates whether the price continues the trend or reverses.
90-Minute Quarters (Q1-Q4):
Divides each 6-hour cycle (360 minutes) into four 90-minute quarters (Q1: 00:00-01:30, Q2: 01:30-03:00, Q3: 03:00-04:30, Q4: 04:30-06:00 UTC).
Each quarter is displayed with a colored box (Q1: light purple, Q2: light blue, Q3: light gray, Q4: light pink) and labels (defaulted to black).
Support and Resistance Visualization:
Draws boxes or lines (based on settings) showing the high and low levels of each session.
Optionally displays accumulated volume at the highs and lows within the boxes.
Daily Lines and Last 3 Boxes:
How to Use the Indicator
Step 1: Add the Indicator to TradingView
Open TradingView and select the chart where you want to apply the indicator (e.g., UMG9OOR on a 5-minute timeframe, as shown in the screenshot).
Go to the Pine Editor (at the bottom of the TradingView interface).
Copy and paste the provided code.
Click Compile and then Add to Chart.
Step 2: Configure the Indicator
Click on the indicator name on the chart ("CYCLE") and select Settings (or double-click the name).
Adjust the options based on your needs:
Cycle Phases: Enable/disable phases (Accumulation, Manipulation, Distribution, Continuation/Reversal) and adjust their time slots if needed.
90-Minute Quarters: Enable/disable quarters (Q1-Q4).
Step 3: Interpret the Indicator
Identify Cycle Phases:
Observe the red boxes indicating the phases (Accumulation, Manipulation, etc.).
The high and low levels within each phase are potential support/resistance zones.
If volume is enabled, pay attention to the accumulated volume at highs and lows, as it may indicate the strength of those levels.
Use the 90-Minute Quarters (Q1-Q4):
The colored boxes (Q1-Q4) divide the day into 90-minute segments.
Each quarter shows the price range (high and low) during that period.
Use these boxes to identify price patterns within each quarter, such as breakouts or consolidations.
The labels (Q1, Q2, etc.) help you track time and anticipate potential moves in the next quarter.
Analyze Support and Resistance:
The high and low levels of each phase/quarter act as support and resistance.
Daily lines (if enabled) show key levels from the previous day, useful for planning entries/exits.
The "last 3 boxes below price" (if enabled) highlight potential support levels the price might target.
Avoid Manipulation:
During the Manipulation phase (0100-0700), be cautious of sharp moves or false breakouts.
Use the high/low levels of this phase to identify potential traps (as explained in your first question about manipulation candles).
Step 4: Trading Strategy
Entries and Exits:
Support/Resistance: Use the high/low levels of phases and quarters to set entry or exit points.
For example, if the price bounces off a Q1 support level, consider a buy.
Breakouts: If the price breaks a high/low of a quarter (e.g., Q2), wait for confirmation to enter in the direction of the breakout.
Volume: If accumulated volume is high near a key level, that level may be more significant.
Risk Management:
Place stop-loss orders below lows (for buys) or above highs (for sells) identified by the indicator.
Avoid trading during the Manipulation phase unless you have a specific strategy to handle false breakouts.
Time Context:
Use the quarters (Q1-Q4) to plan your trades based on time. For example, if Q3 is typically volatile in your market, prepare for larger moves between 03:00-04:30 UTC.
Step 5: Adjustments and Testing
Test on Different Timeframes: The indicator is set for a 5-minute timeframe (as in the screenshot), but you can test it on other timeframes (e.g., 1-minute, 15-minute) by adjusting the time slots if needed.
Adjust Colors and Styles: If the default colors are not visible on your chart, change them for better clarity.
---
📌 1. **Accumulation: Strong Institutional Activity**
- During the **accumulation phase, we see **high volume: 82.773K, which suggests strong buying interest**, likely from institutional players.
- This sets the base for the following upward move in price.
---
📌 2. **Manipulation: False Breakout with Lower Volume**
- Later, there's a manipulation phase where price breaks above previous highs, but the volume (71.814K) is **lower than during accumulation**.
- This implies that buyers are not as aggressive as before—no real demandbehind the breakout.
- It’s likely a bull trap, where smart money is selling into the breakout to exit their positions.
---
### 📌 3. Distribution: Weakness and Lack of Demand
- The market enters a distribution phase, and volume drops even further (only 7.914K).
- Price struggles to go higher, and you start seeing rejections at the top.
- This shows that demand is drying up, and smart money is offloading positions**—not accumulating anymore.
---
### 💡 Why Take the Short Here?
- Volume is not increasing with new highs—showing weak demand**.
- The manipulation volume is weaker than the accumulation volume, confirming the breakout was likely false.
- Structure starts to break down (Q levels falling), which confirms weakness.
- This creates a high-probability short setup:
- **Entry:** after confirmation of distribution and structural breakdown.
- **Stop loss:** above the manipulation high.
- **Target:** down toward previous lows or value zones.
---
### ✅ Conclusion
Since the manipulation volume failed to exceed the accumulation volume, the breakout lacked real strength. Combined with decreasing volume in the distribution phase, this indicates fading demand and supply taking control—which justifies entering a short position.
PRIME 2.0PRIME 2.0 — Precision Entry Tool
PRIME 2.0 is a smart price action-based indicator designed for intraday traders who want to catch high-probability moves during the London session. It uses a combination of market structure shifts (CHOCH – Change of Character) and session-based timing to identify potential entries.
🔍 Key Features:
Session-Based Logic: Activates after the London market opens, filtering noise from other sessions.
CHOCH Detection: Spots shifts in market structure by identifying crossover and crossunder of candle highs/lows.
Visual Entry Points: Plots real-time entry points based on structure change.
🧠 Who Is It For?
Scalpers and day traders
Traders who follow Smart Money Concepts (SMC)
Anyone looking to improve entry precision without clutter
⚠️ Disclaimer:
This indicator does not generate buy/sell signals or exit points. It is meant to be used as a tool within a broader trading strategy. Combine it with your own risk management and market knowledge for best results
Candle Open Time labels (& TAPDA Lines)Description of the "4-Hour Candle Opening Times (TAPDA Lines)" Indicator
The "4-Hour Candle Opening Times (TAPDA Lines)" indicator integrates key principles of the Time and Price Action Trading Algorithm (TAPTA) with practical tools for analyzing market behavior. This script is designed for traders who leverage the interaction between time and price to identify opportunities in the market. The indicator supports the identification of significant price levels and potential areas of interest based on historical data and recurring patterns tied to specific timeframes.
Core Concepts
Time and Price Interaction (TAPTA Logic):
The script implements TAPTA principles by focusing on time intervals (4-hour candles) and the price action associated with those intervals.
Traders use this logic to recognize how prices behave at specific times, identifying patterns, levels of support or resistance, and potential reversals.
Highs and Lows Recognition (TAPDA):
The indicator includes logic for identifying and marking "Tapped Highs and Lows," which occur when price action retraces to previously significant levels within a specified tolerance. These taps are visually represented with horizontal lines, enabling traders to spot recurring price behaviors and levels of interest.
Dynamic Levels for Decision-Making:
By combining time and price, the script visualizes key price levels and their relevance over time, equipping traders with actionable insights for entry, exit, and risk management.
Indicator Features
1. Visual Representation of Candle Opening Times
The indicator marks the opening times of 4-hour candles on the chart.
A customizable label system displays the time in either a 12-hour or 24-hour format, with options to toggle the visibility of AM/PM suffixes.
2. TAPDA Logic
Identifies and highlights price levels that have been tapped within a specified tolerance.
Horizontal lines are drawn to mark these levels, allowing traders to see historical price levels acting as support or resistance.
The "Tapped Highs and Lows" are updated dynamically based on the most recent price action.
3. Timeframe-Specific Filtering
Users can limit the display to specific times of interest, such as 2 AM, 6 AM, and 10 AM, by toggling the "GCT (General Candle Times)" option.
Additional options allow filtering TAPDA logic by AM or PM timeframes, catering to traders who focus on specific market sessions.
4. Adjustable Plotting Limits
The script incorporates settings for controlling the maximum number of labels and lines displayed on the chart:
Max Labels: Limits the number of labels plotted for 4-hour candle opening times.
Max TAPDA Lines: Limits the number of TAPDA horizontal lines displayed.
A "Sync Lines and Labels" option ensures the same number of labels and lines are plotted when enabled, providing a consistent and clutter-free visualization.
5. Plot Maximum Capability
A "Plot Max" feature allows users to override the default behavior and force the plotting of the maximum allowed labels and lines, providing a comprehensive view of historical data.
6. User-Friendly Customization
Fully customizable label styles, including options for position, size, color, and background opacity.
Adjustable tolerance levels for TAPDA lines ensure compatibility with different market conditions and trading strategies.
Settings for flipping or aligning label positions above or below candles, or locking them to the opening price.
Script Logic
The script is built to prioritize efficiency and clarity, adhering to TradingView's Pine Script best practices and community standards:
Initialization:
Arrays are used to store historical price data, including highs, lows, and timestamps, ensuring only the necessary amount of data is processed.
A flexible and efficient data management system maintains a rolling window of data for both labels and TAPDA lines, ensuring smooth performance.
Label and Line Plotting:
Labels are plotted dynamically at user-defined positions and styles to mark the opening times of 4-hour candles.
TAPDA lines are drawn between historical high or low points and the current price action when the tolerance condition is met.
Limit Management:
The script enforces limits on the number of labels and lines plotted on the chart to maintain visual clarity.
Users can enable synchronization between the maximum labels and lines to ensure consistent visualization.
Customization Options:
Extensive customization settings allow traders to tailor the indicator to their strategies and preferences, including:
Label and line styles.
Session filtering (AM, PM, or specific times).
Display limits and synchronization options.
Capabilities
1. Enhance Time-Based Analysis
By marking significant times (4-hour candle openings), traders can identify key market phases and recurring behaviors tied to specific hours.
2. Leverage Historical Price Action
TAPDA logic highlights areas where price action interacts with historical highs and lows, providing actionable insights into potential support or resistance zones.
3. Improve Decision-Making
The indicator supports informed decision-making by blending visual data with time and price action principles, helping traders spot opportunities and mitigate risks.
4. Flexible Application Across Strategies
Suitable for day traders, swing traders, and position traders who utilize time and price action for trend analysis, reversals, or breakout strategies.
Best Practices for Use
Key Levels Analysis:
Focus on labels and TAPDA lines near critical price zones to gauge potential market reactions.
Session-Based Trading:
Use AM/PM filters or GCT settings to isolate specific trading sessions relevant to your strategy.
Combine with Other Indicators:
Enhance the effectiveness of this indicator by combining it with moving averages, RSI, or other tools for confirmation.
Risk Management:
Use the identified levels for stop-loss placement or target setting to align with your risk tolerance.
3AM EST CRT Indicator3AM EST Candle Range Theory Indicator
The 3AM EST Candle Range Theory Indicator is designed to highlight a crucial period in the trading day for Forex and other markets that operate 24/7. This indicator focuses on the 3AM EST candle, which represents the early hours of the U.S. market morning and the midpoint of the European trading session. During this period, volatility often picks up, and the 3AM candle can serve as a powerful reference point for price action throughout the day.
Key Features of the Indicator
3AM Candle Highlighting: The 3AM candle is automatically highlighted in blue, making it easy to spot on the chart. This helps traders quickly identify this pivotal candle without manually searching for it.
Range Lines: The high and low of the 3AM candle are marked by black lines extending across the day. These levels often act as support and resistance, influencing price movement throughout the trading session. Observing how the price interacts with these levels can provide insights into potential breakouts, reversals, or consolidations.
Labels: The high of the 3AM candle is labeled as "3am CRH" (Candle Range High) and the low as "3am CRL" (Candle Range Low). These labels serve as visual cues for traders, reinforcing the importance of these levels on the chart.
How to Use the 3AM EST Candle Range Indicator
Support and Resistance: The high and low of the 3AM candle often serve as strong intraday support and resistance levels. Traders can observe if the price respects or breaks these levels to make decisions about potential entries and exits.
Breakout Trading: If the price breaks above the 3am high (CRH), it can signal bullish momentum, especially when accompanied by increased volume. Conversely, a break below the 3am low (CRL) may indicate bearish momentum. These breakouts can provide potential trade opportunities.
Reversals and Continuations: Often, price will test and reject one of these levels, creating an opportunity for reversal trades. If the price re-enters the 3AM candle range after breaking out, it could signal a potential continuation back into the original trend.
Session Range Guidance: Since the 3AM candle encapsulates both the early U.S. and active European sessions, it often provides a strong reference for the range and sentiment in the early trading hours. The 3AM range can give a sense of market direction and volatility for the day.
Benefits
Clear Visual Cues: The blue candle highlight, black lines, and labels make this indicator visually intuitive and easy to understand at a glance.
Useful Across Market Conditions: Whether markets are trending or ranging, the 3AM high and low can serve as reliable reference points for intraday support and resistance.
Applicable to Various Strategies: This indicator can enhance a variety of trading strategies, including breakout, range trading, and trend-following.
Summary
The 3AM EST Candle Range Theory Indicator provides traders with a reliable way to gauge intraday price levels based on the 3AM EST candle. By observing how the price interacts with the high and low of this candle, traders can gain insights into potential support, resistance, and breakout points. This can be particularly useful for short-term traders looking to capitalize on intraday volatility or longer-term traders seeking reference points for daily price action analysis.
SmartVPSGTitle: Identifying Volume Spikes, Price Movements and Gap Ups: A TradingView Script
Introduction:
In the world of trading, identifying volume spikes and price movements can provide valuable insights into market trends and potential trading opportunities. In this article, we'll explore a TradingView script that helps traders visualize volume spikes, price up moves with volume spikes, and gap-up days on their charts.
Detecting Price Up Moves:
The script starts by calculating price up moves. It compares the current day's closing price with the previous day's closing price and checks if it has increased by 3% or more. This helps traders spot significant upward price movements.
Detecting Volume Spurts:
Next, the script focuses on detecting volume spikes, which are often associated with increased market activity and potential trading opportunities. It compares the current day's volume with the highest volume of the previous nine sessions. If the current volume exceeds all the volumes of the previous nine sessions, it is considered a volume spurt.
Example:
Let's consider a hypothetical scenario where we have the following volume data for a stock:
Day 1: 100,000
Day 2: 80,000
Day 3: 120,000
Day 4: 150,000
Day 5: 200,000
Day 6: 90,000
Day 7: 110,000
Day 8: 130,000
Day 9: 140,000
Day 10: 250,000 (current day)
To determine if there is a volume spurt on Day 10, the script compares the current day's volume (250,000) with the highest volume of the previous nine sessions. In this case, the highest volume among the previous nine sessions is 200,000 (on Day 5). Since the current day's volume (250,000) exceeds the highest volume of the previous nine sessions (200,000), it is considered a volume spurt.
Identifying Gap-Up Days:
Gap-up days occur when the market opens significantly higher than the previous day's close. To identify these days, the script compares the current day's low price with the previous day's high price. If the low price is greater than the previous day's high, it is marked as a gap-up day.
Visualizing the Findings:
To provide a clear visual representation of the identified patterns, the script uses different shapes and colors. First, it plots small red dots above the candles whenever a volume spurt is detected. These dots help traders quickly identify periods of increased volume activity.
For price up moves with volume spikes, the script utilizes blue triangular shapes below the candles. This allows traders to pinpoint instances where both price and volume are showing positive signs, indicating potential bullish movements.
Additionally, the script incorporates green candles to represent gap-up days. These candles help traders recognize days when the market opens with a significant upward gap, suggesting a potential shift in market sentiment.
Conclusion:
The TradingView script discussed in this article provides traders with a visual representation of volume spikes , price up moves with volume spikes , and gap-up days . By incorporating these visual cues into their analysis, traders can gain valuable insights into market trends and potential trading opportunities.
Remember, this script should be used for educational and informational purposes only and does not serve as financial advice or recommendations. Traders are encouraged to customize and modify the script according to their specific trading strategies and risk tolerance.
Share this script with other traders on TradingView to enhance their chart analysis and trading decisions.
PS: This TradingView script is designed to work specifically on the daily timeframe (daily candles). It calculates and identifies volume spurts based on the volume data of the daily timeframe. Since it is designed for the daily timeframe, it may not produce accurate results or work as intended on other timeframes.
SAT_BACKTEST @description TODO: Regroupement of useful functionsLibrary "SAT_BACKTEST"
ex_timezone(tz)
switch case return exact @timezone for timezone input
Parameters:
tz (simple string)
Returns: syminfo.timezone or tz
if_in_date_range(usefromDate, fromDate, usetoDate, toDate, src_timezone, dst_timezone)
if_in_date_range : check if @time_close is range
Parameters:
usefromDate (simple bool)
fromDate (simple int)
usetoDate (simple bool)
toDate (simple int)
src_timezone (simple string)
dst_timezone (simple string)
Returns: true if @time_close is range
if_in_session(useSessionStart, sessionStartHour, sessionStartMinute, useSessionEnd, sessionEndHour, sessionEndMinute, useSessionDay, mon, tue, wed, thu, fri, sat, sun, src_timezone, dst_timezone)
if_in_session : check if @time_close is range
Parameters:
useSessionStart (simple bool)
sessionStartHour (simple int)
sessionStartMinute (simple int)
useSessionEnd (simple bool)
sessionEndHour (simple int)
sessionEndMinute (simple int)
useSessionDay (simple bool)
mon (simple bool)
tue (simple bool)
wed (simple bool)
thu (simple bool)
fri (simple bool)
sat (simple bool)
sun (simple bool)
src_timezone (simple string)
dst_timezone (simple string)
Returns: true if @time_close is range
Ext/Non EMA SignalsThis allows for one EMA to reference the regular session well the other references the extended session. A green arrow will appear above a bear candle closing above both the EMAs and a Red arrow on bull candles closing below both.
This saves me time from jumping back and forth from extended sessions and regular session.
Let me know if you have any questions, I just recently started using Pine Editor to build indicators I was not able to find in the library.
Koalafied Initial Balance Levels and ExtensionsShows the Initial Balance and range extensions for either the Daily session or individual market sessions (Asia, London, New York).
Initial Balance is the range represented by the first two segments (typically half-hour segments) of a trading session. Range extensions are a function of the longer-term trader participation, pushing price outside of the beginning 'fair' range established by the local traders. With the introduction of 24/7 markets the initial balance is often now regarded as less important than in the past, however re-calculating IB for multiple trading sessions may reinstitute insight to Market Direction and Confidence
