Nirvana Supply Demand V2.0This is an indicator of supply and demand ,It can provide the reference of supply and demand position for traders.
First of all, I need to explain the components of the indicators in detail.
💖==========================================💖
Components of supply and demand zone:
DBD:means Drop Base Drop
RBR:means Rally Base Rally
DBR:means Drop Base Rally
RBD:means Rally Base Drop
💖==========================================💖
Supply zone = DBD and RBD
Deamdn zone = RBR and DBR
💖==========================================💖
DBD = Sell
RBD = Sell
DBR = Buy
RBR = Buy
💖=====================================================================💖
Static K-line zone =Yellow
Dynamic Red K-line =Fall
Dynamic Green K-line = Bullish
Green + Yellow + Green Candle K = RBR = Demand = Buy
Green + Yellow + Red Candle K = RBD = Supply = Sell
Red + Yellow + Red Candle K = DBD = Supply = Sell
Red + Yellow + Green Candle K = DBR = Demand = Buy
Yellow + Red Candle K = Supply =Sell
Yellow + Green + Candle K = Demand Buy
Application part:
Demand
The green rectangular area that has not been touched is the demand area. It is suggested to buy on the upper edge of the green area and stop at the lower edge of the green area
The light green rectangular interval is the demand area that has been traded. They are the confirmed demand area and also belong to the bullish demand area.
Supply
The red rectangular section is the supply area, which belongs to the fresh supply area. It is recommended to sell in the supply area
The light red area is the supply area that has been sold, and also belongs to the confirmed supply area. It's bearish.
💖=====================================================================💖
Only after closing can we know whether it constitutes a supply and demand zone
The upward trend only trades in the demand area
The downward trend trades only in the supply area
💖=====================================================================💖
Transaction method:
Sold on the bottom edge of a red or reddish rectangle. Break through the rectangular stop loss.
Buy on the top edge of a green or light green rectangle and exit with a stop loss below the rectangle.
中文介绍:
这是一个供求关系的指标,可以为交易者提供供求状况的参考。
这个指标是一个升级过后的版本,在TV已经支持通过指标绘制矩形之后市场上出现了很多的指标,但我想我们的供需指标是市场上为数不多的供需指标,非常有实战意义。
黄色+红色K线组合为供给区平跌组合,属于看跌。通常这种形态是需要确认入场的,就是价格在进入这个区域之后止涨才可以卖出。
绿色+黄色+红色K线组合为供给区涨平跌,属于看跌。通常管中形态是出现在反转的拐点位置才有操作意义,或者是叠加的供给区位置才能提高卖出成功率。
红色+黄色+红色K线组合为供给区跌平跌,属于看跌区域,通常市场上的反转都是由涨平跌+跌平跌完成的,跌平跌在高位或中位的才有操作价格,低位的成功率略人低
黄色+绿色K线组合为需求区平涨,属于看涨。通常这种形态是需要确认入场的,就是价格在进入这个区域之后止跌才可以买入。
红色+黄色+绿色K线组合为跌平涨需求区,属于看涨,通常这种形态在低位拐点位置交易盈亏比才能达到最好。因为它位都是发生在反转的时候。
绿色+黄色+绿色K线组合为涨平涨需求区,属于看涨,通常和中形态是在出现跌平涨之后才会出现,由空头向多头转变也是需要完成跌平涨+涨平涨才能实现,当然V反的情况下除外。
注意事项:
太大的供需区请不要交易,因为止损可能会超过你的风险承受范围。
太小的供需区请不要交易,因为他里面的订单可能会非常少。
离开供需区的K线我们称为出线,出线就是大阳线或大阴线,属于实体非常饱满,供需区的胜率取决于出线的实体饱满程度,实体越饱满交易成功率越高,当然它不是绝对值。
指标若是有什么BUG或者是建议也请广大粉丝留言评论。
Спрос и предложение
Demand VectorCreate lines based on the demand for long/short, extracted from price range.. this lines have nothing to do with volume and liquidity, its just a interpretation of price range.
Breakout FinderHelo All,
I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one.
The options:
"Period" is used to find Pivot Points
"Max Breakout Length" is the maximum length to search breakouts
"Threshold Rate %" is channel width of the breakout area. calculated using highest/lowest of last 300 bars.
"Minimum Number of Tests" is the minimum number of tests that the Price tried to break the S/R level
and some options for coloring and linestyle
Lets see some examples:
in this example "Minimum Number of Tests" is 2 so the Price must have tested to break resistance area 2 times and then it breaks it as seen in the screenshot:
in following example Threshold rate is %10, so the channel width is very big:
as you can see in followinf screenshot you can choose different colors and line styles:
Alerts added ;)
Enjoy!
RMIRMI is a combination of RSI and MFI oscillators which considers money flow and strength of supply or demand together.
It estimates that the money of which side is being ran out.
So the power of trends can be predictable approximately.
Where the green columns appear, it means demand is very high and it can fall because buyers may withdraw and sell their assets.
And when red columns appear, it means supply is very high and sellers or new buyers may enter into new deals which may increase the price of a asset.
I would be glad if I hear your feedbacks.
Traders Hedge - Pro with AlertsDear Traders,
"You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future." ~Steve Jobs
This quote from Steve Jobs, explains the very essence of this indicator.
Trading is Simple, Why make it complicated. ~ Ravi Chandran
The main motto building this Traders Hedge - Pro indicator is to equip retail traders with a multi purpose tool which in itself will act as a complete trading setup.
This indicator will help you in understanding the market structure and planning your possible entries & exits well in advance.
The indicator & setup is independent of time frames & will work for all trading instruments.
Traders Hedge - Pro Indicator with Alerts you can also set Alerts on your favourite scripts and time frames, to get notification when a Demand or a Supply Zone is created or any Price rejection is formed.
List of all the features is provided below.
1. Trade Type - A quick auto setup for Intraday or Swing trades
2. CPR - Identifies the market structure and helps to plan mean reversions trade setups
3. Weekly Support & Resistance - Automatically identifies and displays the higher time frame support & resistance levels
4. Price Action Triggers - Alert with a trigger symbol shown on the respective candle where a possible price reversal is expected
5. Targets - Plots the possible Major & Minor targets, which helps in planning our possible profit booking & stop loss zones
6. Developing Pivots - Plots the price mean reversion zones for the upcoming trading session
7. Supply & Demand Zones - Plots the demand and supply zones by changing the color of the candle
8. Dynamic Dz & Sz Price Tracking - It dynamically identifies and plots the support & resistance levels
9. Opening Range - Plots the identified opening range on the chart
10. PEMA - Helps in visualizing the trend and also acts as a dynamic support & resistance levels
To set Alerts follow the steps provided below.
1. Go to the symbol chart and select the time frame on which you want to set Alerts.
2. Select Alerts Tab and click on Create Alert, shortcut key Alt+A
3. In Condition Select the option “Price Rejection Alerts“ or “Zone Alerts“ for which you want the alerts to be shown
4. In Options, select Once Per Bar Close
5. Select expiry as per your preference or keep it open-ended
6. Select Alerts Actions as per your preference
7. Alert name is optional
8. Default message is “Price Rejection Alerts“ or “Zone Alert” and can be modified
9. Click on Create and in the warning window select Continue Anyway
How to get the indicator:
To know more about the indicator & to download please check the link in the signature below.
Once you have active alert, you will keep getting notification whenever a Price rejection or new Demand / Supply zone gets created in the identified symbol and time frame you have selected.
Please do feel free to use the indicator and give your valuable feed backs which will help me in optimizing it to a great extent.
I would love to thank each of the traders in this Trading View community in helping me improve on my trading skills.
Happy Trading!
LTB Zigzag CirclesHello All,
Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period as you wish and see the different results.
Here you can see how the script calculates and draws the Circles:
Below you can see how the script draws part of the circle on each bar:
Optionally the script can show levels:
P.S. I haven't tested it as a strategy, Result and Performance may change by Zigzag period, you need to find best Zigzag period according to your strategy. By the way, my Zigzag Circles idea can be improved, if you have any recommendation let me know please ;)
Enjoy!
Mayfair Supply & Demand Zones 1.0Identifying Supply and Demand zones can be tricky.
Just using price levels can mislead you, so why not include volume ramps to detect zones?
This indicator does it for you. It spots areas where volume has rapidly increased, measures the speed of the increase, and assigns three different levels of importance.
The red areas are the strongest zones, followed by amber, then green, like a traffic light.
The red areas are persisted longer than the amber, which are persisted longer than the green. As the persistence fades, the colour of the zone fades as well.
It is possible to set the levels of all three volume thresholds to suit yourself, as well as the lookback period the script uses to detect volume increases.
In this chart, only very large volume increases are used:
As you can see, the bands are narrower, but we feel the defaults give the best results.
Support Resistance ChannelsHello All,
For Long time I was planning to make Support/Resistance Channels script, finally I had time and here it is.
How this script works?
- it finds and keeps Pivot Points
- when it found a new Pivot Point it clears older S/R channels then;
- for each pivot point it searches all pivot points in its own channel with dynamic width
- while creating the S/R channel it calculates its strength
- then sorts all S/R channels by strength
- it shows the strongest S/R channels, before doing this it checks old location in the list and adjust them for better visibility
- if any S/R channel was broken on last move then it gives alert and put shape below/above the candle
- The colors of the S/R channels are adjusted automatically
You can set/change following settings:
- Pivot Period
- Source : High/Low or Close/Open can be used
- Maximum Channel Width %: this is the maximum channel width rate, this is calculated using Highest/Lowest levels in last 300 bars
- Number of S/R to show : this is the number of Strongest S/R to show
- Loopback Period: While calculating S/R levels it checks Pivot Points in LoopBack Period
- Show S/R on last # Bars: To see S/R levels only on last N bars
- Start Date: the script starts calculating Pivot Point from this date, the reason I put this option is for visuality. Explained below
- You can set colors/transparency
- and You can enable/disable shapes for broken S/R levels
Examples:
You can change colors as you wish:
here " Show S/R on last # Bars " set 100:
Sometimes visuality may corrupt because of old S/R levels, to solve it you need to set "Start Date" in the options to start the script in visual part (last 292 bars)
here in first screenshot it doesn't look good (shrink), then on second screenshot I set the "Start Date" it looks better, if you change time frame don't forget to set it again :)
Enjoy!
KryptOkib Supply and Demand with AlertsAs the name suggests, this is a supply and demand indicator script with alerts that i have made based on sole price actions. I have used 3 different methods of identifying supply and demand zones and tested to make sure they work. Nonetheless some zones will fail as no strategy is 100% and some zone will fail due to other reasons.
How this works:
As a basic rule, demand and supply zones can easily be identified from the base of a drop to a rally or vice versa and the base of a rally to a new rally, hence rally base rally, drop base rally for demand zones and rally base drop and drop base drop for supply zones.
While that is true, i basically search for areas where demand/bulls overpower supply/bears and vice versa with a strong move away. So not all the base are a consideration in this script unless we see a clear sign of bulls overpowering bears, or say demand overpowering supply and bears overpowering bulls or say supply overpowering demand. Several rules has been put in place to identify and filter this out so you may have a Rally Base Drop get ignored by this indicator as it do not meet my requirement.
Once this pattern is detected by the script using either of the 3 price action methods, and then a breakout of the basing candles occurs, the indicator paints the candlestick that broke out of the range/base with a different color, which is blue for demand breakout candle, and orange for a supply breakdown candle as circled on the chart.
The algorithm makes sure that this breakout candles follow strict rules set by mean of which 1 is a very bullishly closing breakout candle for demand or a very bearishly closing candle for a supply, with a follow through candle which is the next trading period /candle.
it is strongly recommended that you wait for the close of the next candlestick before attempting to take the demand/supply zone formed as there are further calculations done on the follow through breakout candle to make sure the demand/supply is a good one, the candle might be painted before the close of the next candle but after the close, the paint will be removed due to the fact that the zone no longer meets strict criteria as defined by me.
It is also suggested that you use the alert function that comes with script and wait for the alert to come through before taking the demand if you cannot wait for the second breakout candle to close as the alert will be fired only on close of the second follow through breakout candle.
One of the strict rules is wanting to see strong bullish/bearish presence apart from the way the breakout candle closes, there are many rules to filter out ugly zones, even though some good zones get caught up in this as well.
Identification of Zones:
Demand Zone: the previous candle open or high(based on personal preference) will be the proximal, where you start to draw your demand zone and the low of the basing/ranging candles or swing low will be the distal, where you end your demand zone as seen on the chart. Stop loss goes under this.
Supply Zone: The previous candle open or low will be the proximal, where the supply zone starts and the high of the range/basing candles or swing will be the distal where the supply zone ends as seen on the chart. Stop loss goes above this
Note that some zones with a-lot of basing candles tend to fail, while some tend to work, i have not algorithmically filtered this as i prefer to examine with eyes the zones alerted to me and take the ones with lesser basing candles.
Generally, Rally Base Rally and Drop Base Drop zones are mostly weaker than the other type of zones but sometimes works perfectly.
How to use Alert Function:
- Go on the ticker you will like to set alert for
- Go on the timeframe you wish to be alerted for
- Right Click on the chart and select Add Alert or Alt + A (keyboard combination)
- Under Condition, click the arrow down and select "KryptOkib SAND"
- Under Options, select "Once Per Bar Close"
- Set Expiration and Alert Actions as you prefer.
- Click on "Create" Button
That is it.
You can repeat this process for all other tickers you wish to have alerts for and you will be notified once price movement has met the conditions outlined in the script.
This is an invite only indicator, to request access to it, kindly do the following:
- Add indicator to favorite
- Make Sure you follow me
- Send me a PM requesting access.
Once this is done and PM received, access will be granted.
Further updates will come along once there are changes to be made or new calculations to add.
Works on any market of choice.
Nirvana Supply Demand V1.0This is an indicator of supply and demand ,It can provide the reference of supply and demand position for traders.
First of all, I need to explain the components of the indicators in detail.
💖==========================================💖
Components of supply and demand zone:
DBD:means Drop Base Drop
RBR:means Rally Base Rally
DBR:means Drop Base Rally
RBD:means Rally Base Drop
💖==========================================💖
Supply zone = DBD and RBD
Deamdn zone = RBR and DBR
💖==========================================💖
DBD = Sell
RBD = Sell
DBR = Buy
RBR = Buy
💖=====================================================================💖
Static K-line zone =Yellow
Dynamic Red K-line =Fall
Dynamic Green K-line = Bullish
Green + Yellow + Green Candle K = RBR = Demand = Buy
Green + Yellow + Red Candle K = RBD = Supply = Sell
Red + Yellow + Red Candle K = DBD = Supply = Sell
Red + Yellow + Green Candle K = DBR = Demand = Buy
Yellow + Red Candle K = Supply =Sell
Yellow + Green + Candle K = Demand Buy
💖=====================================================================💖
Only after closing can we know whether it constitutes a supply and demand zone
The upward trend only trades in the demand area
The downward trend trades only in the supply area
💖=====================================================================💖
How should we map the supply and demand area when choosing admission?
You can refer to this view
Here, three ways of admission in supply and demand area are introduced in detail.
☎ If you have any questions, please feel free to contact me. ☎ 🔚
💖=====================================================================💖
Multi Time Frame Candles with Volume Info / 3DHello Traders,
This is my second Multi Time Frame Candles script but with this new one, you will have some new features such volume info, remaining time to close of higher time frame candle and also developed using new features of Pine such array of lines. also I tried to make it 3D for better visualization ;) also it shows new highs/lows / breakouts.
I tried to make many things optional, so you can change almost everything using options.
What you can change using options:
- Higher time frame
- Number of Candles
- Candle Colors Up/Down
- Wick Color
- Volume colors Up/Down
- Text color of Remaining Time
- Shadow Color
- Background color
- Start bar of the candles (so you can see many higher times frame candles in same window)
- 3D effect, by default it's enables but you can disable 3D view
Lets see some examples:
Remaining time:
Breakouts:
You can combine different higher time frames:
if you don't want 3D view then combining different higher time frames:
You can change background color:
Enjoy!
[astropark] Fast Supply Demand Order Blocks FinderDear Followers,
today another awesome Analysis Tool, that you can use both for Swing and Scalping Trading: Fast Supply Demand Order Blocks Finder !
Every time it finds a bullish Order Block (Demand) or a bearish OB (Supply), it shows it immediatelly and when the OB is touched by price, an alert is triggered and a circle is displayed.
Keep in mind that trading Supply and Demand is quite easy:
short/sell at Supply (Bearish OB)
long/buy at Demand (Bullish OB)
short/sell if Demand (Bullish OB) gets broken
long/buy if Supply (Bearish OB) gets broken
This indicator has the resolution option , so you can checkout higher timeframes OBs, whatever timeframe you are.
Also you can refine the OBs finder algo fine tuning some filter options or you can just disable them all.
The indicator keeps track of all previous historic Supplies and Demands , but if too much are shown and you don't like it, you can just cut them by defining a specifc Analysis Starting Date/Time using the specific input options in the indicator settings.
Optionally you can also change lines' color and width, as well as enable/disable the OB hits circles.
Here below you can see some charts that shows how the indicator works on many timeframes, resolutions and markets.
XAUUSD 1h, using 6h resolution - part 1
XAUUSD 1h, using 6h resolution - part 2
XAUUSD 1h, using 6h resolution - part 3
BTCUSD 1h, without using resolution
EURUSD 5m, using 30m resolution
SPX500 5m, using 30m resolution
As I always says, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies.
This is a premium indicator , so send me a private message in order to get access to this script.
Volume-Supported Linear Regression TrendHello Traders,
Linear Regression gives us some abilities to calculate the trend and if we combine it with volume then we may get very good results. Because if there is no volume support at up/downtrends then the trend may have a reversal soon. we also need to check the trend in different periods. With all this info, I developed Volume-Supported Linear Regression Trend script. The script checks linear regression of price and volume and then calculates trend direction and strength.
You have option to set Source, Short-Term Period and Long-Term Period. you can set them as you wish.
By default:
Close is used as "Source"
Short-Term Period is 20
Long-Term Period is 50
in following screenshot I tried to explain short term trend (for uptrend). Volume supports the trend? any volume pressure on trend? possible reversal? same idea while there is downtrend.
in following screenshot I tried to explain long term trend:
You can also check Positive/Negative Divergences to figure out possible reversals (to automate it, you can use Divergence for Many Indicators v4 , it has ability to check divergences on external indicators)
Enjoy!
ZigZag Multi Time Frame with Fibonacci RetracementHello Traders,
This is ZigZag Multi Time Frame with Fibonacci Retracement script. It calculates the ZigZag using Higher Time Frame, draw Fibonacci Retracement lines and put labels accordingly. I already published Zigzag with Fibonacci Levels script but this one is Multi Time Frame and I didn't want to change/update it.
You can set ZigZag Period and Resolution as you wish. Zigzag is calculated using higher time frames (ex: 1day) so you better choose small numbers as Zigzag Period, such 2, 3 etc. you should choose higher time frame wisely, meaning that you should not set 1Day while chart resolution is 1min ;)
It draws Fibonacci levels between 0%-100% and If the price goes higher/lower than 100% level than the script draws Fibonacci Levels accordingly. This means it draws Fibonacci levels until this levels get higher/lower than the price.
"Show Zig Zag" is not enabled by default, you can enable it if you want to see ZigZag as well.
You have options to set Text Color, Line Color, Zigzag Up Color and Zigzag Down Color.
You can set the location of the Fibonnaci Levels -> Left or Right
You also have option to enable/disable following Fibonnaci Levels:
---> 0.236
---> 0.382
---> 0.500
---> 0.618
---> 0.786
I added "Colorful Fibonacci Levels" for fun. if you enable it then Fibonacci line colors will be different randomly on each move, see it for yourself :)
Some Screenshots:
if you enable "Show Zigzag Option":
how the script adjust levels automatically:
if you set Label Location as "Right":
if you enable "Colorful Fibonacci Levels" then Line colors will be changed on each move randomly ;)
Enjoy!
Tweezers and Kangaroo TailHello Traders,
Here Tweezers and Kangaroo Tail script is in your service. The script searches for Tweezer / Kangaroo Tail candlestick patterns and shows them as T (Tweezer) and K (Kangaroo Tail). Thanks to RorschachT who game me the idea and some details while working on this script.
What are these candlestick patterns?
Tweezers :
- A tweezers pattern occurs when the highs/Lows of two candlesticks occur at almost exactly the same level
- Both candles must have wicks
- Bigger Wick / Smaller Wick rate should not be greater than 150% ( 150% by default and you have option to change it)
- First Candle must be highest/lowest for last 5 candles (5 by default and you have option to change it)
- The level of High for Top, Low for Bottom must be almost lower than 20% of the bigger wick of tweezer candles (20% by default and you have option to change it)
- The Candles can be right next to each other or apart but not more than 12 candles apart (12 by default and you have option to change it)
- You will see that Tweezers pattern occurs frequently
Kangaroo Tail:
- Looks almost like a Hammer or Inverted Hammer candle
- They have both its open and close in the top or bottom third of the candle
- There must be some space/room on the left of the kangaroo tail
- The open and close of the Kangaroo Tail candle must be inside the range of the previous candlestick
- The next candle should create a new high or new low
- You have several options to set details about the "Room" that should be on the left and also options for Wick/Body rates
- You can see example below
You have option to enable/disable any of these patterns.
as far as I have tested they are strong reversal patterns but none of the indicators or patterns may not be enough alone. so you should confirm the signals using other indicators or tools
If you need more information you can find a lot of info on the net ;)
Example: Tweezers - Aparted
Example: Kangaroo Tail - Bullish
Enjoy!
Demand and Supply zone Master IndicatorThe Demand and Supply Zone indicator helps to identify the valid demand and supply zones by removing the played out zones. This indicator looks for all patterns , Rally-Base-Rally and Drop-Base-Rally mark the zone as "DZ". Same way with pattern Drop-Base-Drop and Rally-Base-Drop it will mark "SZ".
The indicator is fully customizable as per your trading style.
What does the Indicator do ?
Normal = Aggressive Trader
Strong = Conservative Trader
V Strong = V Conservative Trader
Based on Trading style one can choose the option available. Default gives the best result.
1. Explosive candle Range : One can choose explosive candle range.
2. Basing Candle Range : One Can Choose Basing candle range.
3. Normal Candle Range : One can choose the normal candle range.
4. Legout Strength : One can customize the Legout Strength.
5. Demand and Supply zone version :
High - Low = Most traders use the high and low of the basing for calculating their zone.
Body - Low = Body (Base candle body high for demand zone and Body low for supply zone ). Normally beginner ( Conservative trader ) uses this option.
Continuous base = 1 to 10 : Based on the requirement one can use the number of basing candle.
max normal = 2 to 10 : Based on the requirement one can use the number of normal candle.
min normal = 1 to 10 : Min one to form the zone.
Line width = 1 to 5
MaxTouches = One can set the number of times the price visits the zone. 1 for Conservative trader and 3 for aggressive trader. Once the price touches the zone more than the given input, lines get deleted. Also if the price is grater that the zone value, line deletes.
Bar Lookback = How many bars to look back to check the strength of the candle. Default gives the best result.
Max Demand and Supply zones and Show all active Demand and Supply zones = One can visually see played out ( violated ) zones by unticking the Active zones option.
Otherwise indicator will show only the Active zones.
One can see max of 100 violated zones .
PM us to obtain the access.
Demand Supply Indicator With AlertsThe Demand Supply Zone indicator with Alerts helps in identifying the Demand Supply zones on chart by pinpointing them.
The indicator looks for Demand Zone patterns, Drop-Base-Rally or Rally-Base-Rally , when such pattern is identified the indicator marks it on the chart. Likewise, if the indicator identifies Supply Zone patterns, Rally-Base-Drop or Drop-Base-Drop the indicator marks it as Supply Zone. The basing candles are changed to Blue color and the Legout candles are changed to Black color by default.
Using the Demand Supply Zone Indicator with Alerts you can also set Alerts on your favourite scripts and timeframes, to get notification when Demand Supply Zones are formed.
List of all the features is provided below.
1. You can choose which patterns the indicator should identify.
2. Number of candles in basing from 1 to 6.
3. Strength of the legout.
4. Identify follow-through patterns.
5. Hide Single Legout patterns.
6. Strength of the first legout in follow through pattern.
7. Strength of the second legout in the follow through pattern.
8. Customize Basing Color
9. Customize Legout Color
10. Display Pattern Name
11. Display Proximal and Distal Values
12. Color customization for Demand Supply Zone Labels
13. Set Alerts based on Demand Supply Zone formation
To set Alerts follow the steps provided below.
1. Go to the symbol chart and select the timeframe on which you want to set Alerts.
2. Select Alerts Tab and click on Create Alert, shortcut key Alt+A
3. In Condition Select, Demand Supply Indicator With Alerts
4. In Options, select Once Per Bar Close
5. Select expiry as per your preference or keep it open-ended
6. Select Alerts Actions as per your preference
7. Alert name is optional
8. Default message is “Zone Alert” and can be modified
9. Click on Create and in the warning window select Continue Anyway
Once you have active alert, you will keep getting notification whenever a Demand/Supply zone in identified on the symbol and time frame you selected.
Use the link below to obtain access to this indicator.
Divergence for Many Indicators v4Hello Traders,
Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time!
How it works?
- On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators.
- it search divergence on choisen indicators => RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, VWMACD, CMF and any External Indicator !
- it checks following divergences for 16 pivot points that is in last 100 bars for each Indicator.
--> Regular Positive Digergences
--> Regular Negative Digergences
--> Hidden Positive Digergences
--> Hidden Negative Digergences
- for positive divergences first it checks if closing price is higher than last closing price and indicator value is higher than perious value, then start searching divergence
- for negative divergences first it checks if closing price is lower than last closing price and indicator value is lower than perious value, then start searching divergence
Some Options:
Pivot Period: you set Pivot Period as you wish. you can see Pivot Points using "Show Pivot Points" option
Source for Pivot Points: you can use Close or High/Low as source
Divergence Type: you can choose Divergence type to be shown => "Regular", "Hidden", "Regular/Hidden"
Show Indicator Names: you have different options to show indicator names => "Full", "First Letter", "Don't Show"
Show Divergence Number: option to see number of indicators which has Divergence
Show Only Last Divergence : if you enable this option then it shows only last Positive and Negative Divergences
you can include any External Indicator to see if there is divergence
- enable "Check External Indicator"
- and then choose External indicator name in the list, "External Indicator"
- External indicator name is shown as Extrn
- related external indicator must be added before enabling this option
Coloring, line width and line style options for different type of divergences.
Following Alerts added:
- Positive Regular Divergence Detected
- Negative Regular Divergence Detected
- Positive Hidden Divergence Detected
- Negative Hidden Divergence Detected
Now lets see some examples:
Hidden Divergences:
Regular and Hidden Divergences together:
Showing first letters of indicators:
You can see only the number of indicators which has divergence:
You can see only divergence lines without indicators names and numbers:
option to used different label/line/text colors:
You have option to see only last divergences:
You can change Pivot Period, in following example Pivot Period = 15:
You can use Close or High/Low as Source for Divergence
You can include external indicators and get divergences on it:
Wish you all a happy new year!
Enjoy!
alGROWithm PremiumIntroducing the alGROWithm indicator!
Years of trading experience and endless hours of screen time has undeniably proven to me that the most fundamental rule of any market is: price moves from supply to supply and demand to demand. Specifically, this means that a breakout of a supply zone , the probability of it reaching the next supply zone before starting consolidate is very high. Similarly, a breakdown from previous demand zone will likely continue to the next demand zone . The identification method of these supply and demand channels is one of the features that sets this indicator apart from other available tools.
What separates alGROWithm from other available tools?
- Proprietary method for identifying supply & demand channels combined with a directional bias computation based on recent historical prices
- Only signaling precise entries based on supply & demand that maximize R/R
- Tracking open positions and displaying a trading plan directly on the chart immediately after signaling entry points
- Indicating precise exit levels to help you avoid exiting too early or trading by emotion
What are the features included in alGROWithm?
Trading Plan Lines : These are the Buy/Short/Take Profit/Exit lines plotted directly on the chart
Show Long Signals : These are the green "BUY" labels that appear on the chart when alGROWithm identifies a critical breakout to the next supply level
Show Short Signals : These are the red "SHORT" labels that appear on the chart when alGROWithm identifies a critical breakdown to the next demand level
Show Take Profit Signals : These are the purple "TP" labels that appear on the chart when alGROWithm identifies that the subsequent supply/ demand level has been hit
Show Exit/Stop Loss Signals : These are the purple "EXIT" labels that appear on the chart when alGROWithm identifies that the trade has run its course and it's time to exit
Show Dashboard : This is a dashboard that is displayed to the right of the latest candle, and contains the following information:
- Current Position : "Long", "Short", or "None"
- Next Profit Target : Only displays if there is an active Position
- Current Bias : alGROWithm computes a directional bias based on recent historical prices. Text will say "Long" or "Short"
- Long/Short Bias Until : alGROWithm's bias will change if this price is hit. Note that these are not BUY or SELL levels - this simply indicates whether things are looking up or down
- Enter Short/Long At : Only displays if Current Position = "None"
Note that you can enable/disable any of these chart overlays at anytime through the indicator settings.
The alGROWithm indicator works on any timeframe, any market, and standard OR Heikin Ashi candlesticks .
I have been working very hard on this indicator and I personally use it on a daily basis with options trading. I am so excited to share the wealth with you!
You can use the link below to visit our website and gain access to the script.
Linear Regression ChannelHello Traders,
There are several nice Linear Regression Channel scripts in the Public Library. and I tried to make one with some extra features too. This one can check if the Price breaks the channel and it shows where is was broken. Also it checks the momentum of the channel and shows it's increasing/decreasing/equal in a label, shape of the label also changes. The line colors change according to direction.
using the options, you can;
- Set the Source (Close, HL2 etc)
- Set the Channel length
- Set Deviation
- Change Up/Down Line colors
- Show/hide broken channels
- Change line width
meaning of arrows:
⇑ : Uptrend and moment incresing
⇗ : Uptrend and moment decreasing
⇓ : Downtrend and moment incresing
⇘ : Downtrend and moment decreasing
⇒ : No trend
An example for how color of lines, arrow direction and shape of label change.
Enjoy!
ZigZag with Fibonacci LevelsHello Traders,
This is " ZigZag with Fibonacci Levels " script. It finds the ZigZag, draw Fibonacci lines and put labels accordingly. I get many requests for this script, so here it is.
You can set ZigZag period as you wish. Bigger numbers (such 20, 30) may give better perspective and result.
It draws Fibonacci levels between 0%-100% and If the price goes higher/lower than 100% level than the script draws Fibonacci Levels accordingly. This means it draws Fibonacci levels until this levels get higher/lower than the price.
As an example:
if you don't want to see ZigZag Lines then you have option to disable it and see only Fibonacci levels:
You have coloring options for Zigzag, Fibonacci lines and texts:
Enjoy!
RSI Multi Time FrameHello Traders,
Recently we got new features in Pine such Arrays of Lines, Labels and Strings. Thanks to the Pine Team! ( here )
So I decided to make new style of Multi Time Frame indicator and I used Array of Lines in this script. here it is, RSI Multi Time Frame script. it shows RSI for current time frame as it is and also it gets RSI for the Higher Time Frame and converts it and shows it as in time frame. as you can see, RSI for HTF moves to the right on each candle until higher time frame was completed.
You have color and line width options for both RSI, also if you want you can limit the number of bars to show higher time frame RSI by the option " Number of Bars for RSI HTF ", following example show RSI HTF for 100 bars.
Most of you know that old style Multi Time Frames indicators was like:
Hope you like this new Multi time frame style ;)
Enjoy!