Impact Zones - Skylyne InvestingWhat is the Impact Zone system:
The creation of Impact Zones started with our love for trading the Bond Market. Impact Zones were originally specifically tailored for the Bond market and now have been mastered to capture most of the Asset Classes out in the market today (Please look at Impact Zone Settings section for asset classes covered by this script). The Impact Zone system is a zone break (or market level break) following system with specific take profit points already established for you on the open of the market day (depending on your asset timing will vary).
*This script was designed for Intraday Trading, Long term or Swing Trading is not recommended with this system
The script will create buy and sell signals on the break of the Impact Zones when specific criteria is met along with the break of the zone. You do not have to use only our signals provided, you can also create your own trading rules based on our script.
Items to highlight:
Skylyne Upper Zone: Green Zone
Skylyne Middle: Yellow Line
Skylyne Lower Zone: Red Zone
Skylyne Take Profit Lines: Purple Lines
Skylyne Average: Orange Line (dynamic support/resistance)
Skylyne Overnight Session: Dark Blue (No Trade Zones)
Skylyne Signals: Buy / Sell
You can think of the Upper Zone as a bull zone and Lower zone as a bear zone, when price enters these zones we want to start watching price action to determine direction the market will take on the break or specified zone, whether it be a break and reversal or a break and run. This can be confirmed with either our signals (buy & sell) or the use of the dynamic support and resistance line (Skylyne Average).
Our script is written to capture market zones and place then on your screen with ease, we also have programmed in specific take profits and stop loss levels we have found the market respects on the intraday trading based on the Impact Zone captured.
The Impact Zones and Take Profit Levels change at Market open everyday. The levels provided will stay on your chart until the next Market open where the Impact Zones and Levels will change to accommodate that trading Day.
We recommend only using that trading days levels, however; using past levels can help trades depending on the case
The three Trades we want to highlight are:
1. Break of Impact Zones
a. This trade is taken when a break of the impact zone happens either in the positive or negative direction and traded to the next zone or take profit line (stop losses can be set with zones or the dynamic skylyne average crossovers)
2. Break of Skylyne Average
a. This trade is taken when price action confirms a bullish or bearish bias on the break of the average line (we would close this trade on the reverse break of the Skylyne Average using the zones as targets)
3. Break of the Skylyne Mid:
a. This trade is taken when a break of the Skylyne Mid level occurs and we use the upper and lower bounds of the Impact Zones as take profit and stop losses
Impact Zone Settings:
*Trading Category and Overnight Category must match the Asset Class being viewed on chart for accurate signals
1. Trading Category
a. Bonds
b. Corn/Wheat
c. Stocks
d. Index Futures
e. Euro/Dollar
f. Gold/Silver
2. Overnight Category
a. Bonds
b. Corn/Wheat
c. Stocks
d. Index Futures
e. Euro/Dollar
f. Gold/Silver
3. Chart Aggregation Limit (Default Value is 25 minutes)
Impact Zone Overnight Trading:
Impact Zone Overnight sessions are highlighted in a dark blue color and we use these highlighted time sessions as a NO TRADE session. Our system was built to be traded during normal market trading hours and overnight sessions tend to be less predictive in terms of direction and or zone reliance. If you choose to trade overnight sessions with Impact Zones, make sure you make a very in depth trading plan and stick to the rules set for yourself.
Impact Zone Signals:
1. Signals for buy or sell of the asset class happen on breaks of the Impact Zones, and when specific criteria are met that we determined necessary to evaluate the overall trend of the market
2. Not every break of the Impact Zones will trigger a signal
3. No signal will be generated during overnight sessions, we recommend studying overnight sessions before beginning to create your own overnight trading session plans based on Impact Zones
4. When a signal is generated you will use the next take profit line (purple line) in the direction of your trade you are in. Other trading signals were discussed above
5. If while you are in a trade and the skylyne average (orange line) is broke in the opposite direction of your trade you will take this as a dynamic stop, and in some cases a dynamic take profit
Impact Zone Charting Timeframes:
1. Recommendation of using the 1 minute chart aggregation bars to maximize profits and limit losses
2. The script has a default charting aggregation limit of 25 minutes, adjustments to the input (in the settings) to increase the aggregation limit need to be made in order to use higher than 25 minute timeframes
Charting Example:
First note is to notice how our publish example uses the 1-minute timeframe aggregation, this is because our script was written to maximize profit on the 1 minute time frame. The script can be used on any time frame, however; make sure that you increase the aggregation limit input when using timeframes above 25 minutes.
From the chart included in the script post, you can notice that buy and sell signals happen only when specified criteria is met, and not every time there is a crossover of the Impact Zones there is a signal. You do not only have to trade the buy and sell signals that our system provides, however; our team believes that these signals are one of the best ways to trade the Impact Zone script. If you deviate from only using signals provided and choose to use the Impact Zones differently, we recommend using the next level, or zone, in the direction of your trade as your take profit (As described in trade we want to highlight section)
Zones
TV Day Plan Template 1This is a template for daytraders, swing traders, supply and demand traders, and even swing traders. As traders we are always scanning charts for levels and zones. This template makes it easy and convenient to find, change, and chart levels. As a daytrader, I will use this daily. I always have daily and weekly targets in mind. This will ensure I don't lose track of the bigger picture while trading the smaller moves. Levels in this chart are not auto calculated. They are manually input. This script is a quick and convenient way to chart multiple levels without having to go through each drawing, change the settings, and then redraw the level. Currently this will only save levels for one ticker. A workaround is to use multiple instances and then hide the ones not in use. Another way is to use the second part to this script, Day Plan Levels Template 2. If only using one instance, you can save the levels as default. This will save them. However, if saving levels as default while using multiple instances of this indicator, the other levels will erase. The way that I use this that I have daily levels for #ES in one instance and then daily levels for #NQ in another instance.
This script is very customizable
Options include
On/Off Toggles
Light/Heavy Versions - Light versions does not plot. Heavy version will plot and show levels in info bar and price axis
Balance Levels
Control Levels
3 Support and 3 Resistance levels for daily and weekly
2 Support and 2 Resistance Clouds
Balance and Control Clouds
"0" value disables and hides levels
Lovely CandleThis is my Simple Project to make me confidence to take an entry
I always use it in H1 Chart
Add other Indicator like Multi Timeframe EMA Length 9 on 1 Day Period
Just set the sell limit or buy limit to the Lovely candle Zone that touch the EMA 9. Set RR to 1:3 minimum. don't forget to set BEP.
MyAlgo ZULU ZONESPLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE MyAlgo Tool. Saves you and me some time in emails and messages. :)
This is the official version of MyAlgo ZULU ZONES
PLEASE UNDERSTAND THAT THIS IS A DIFFERENT AND SEPARATE PRODUCT AND SCRIPT FROM "MyAlgo SLIM" FROM THE MyAlgo TRADING TOOL SERIES
Description
ZULU Zones is a rework of a long-gone development from the early stages of MyAlgo.
It is an oscillator, which indicates the best timing for reversal zones, yet also in the settings allows the user to adjust itself to the given asset and its usual retraces/reversals, so it is easier to spot the next incoming reversal.
Side Notes
MyAlgo is being updated and upgraded very frequently to suit the requests of our customers.
This is not financial advice. Please read our disclaimer before using it.
Please refer to the signature field if you are interested in gaining access to this script.
Anything below this sentence will be Updates regarding MyAlgo
Key Levels SpacemanBTC IDWMKey levels, plotted automatically
Additional timeframes can be added on request
Useful for seeing strength of the trend in the market
(VIP) Contrarian Reversal Zones Script is showing potential reversal zones on chart, based on calculations of High/Low of selected period, smoothing it with selected type of Moving Average and applying Standard Deviation. Preferred to be used for contrarian traders. Another alternative usage would be to lock profit from open positions as this is very often early warning before reversal ahead.
If you're interested with access to indicator, please contact me via DM (private message) on Tradingview.com ;)
Magnetic Zones v1.1 BetaMagnetic Zones v1.1 Beta
This is one of the most powerful and effective indicator which I personally use for Intraday.
It works well for trending stocks and trending days.
What are the Zones?
The zones are basically Retracement and Reversal Zones. The price will take a halt at this zones. So it will be easy to take an entry.
How to use?
Labels:
Pivot = P
Major Zones = R1, R2, R3, S1, S2, S3
Minor Zones = R0.5, R1.5, R2.5, S0.5, S1.5, S2.5
Previous Day High & Low = PDH, PDL
Breakout:
Opens between Previous Day High or Low and R1 or S1 Zone and taking retracement at the zone can result in a breakout.
Entry Time:
No Entry: 0 to 15min. Wait for the early Algo rush to settle down. Just go through the shortlisted stocks or top gainers and top losers.
Risky Entry: 15min to 30min. It is the right or early time to participate in the beginning of a rally. But, recommended only for experienced, disciplined and planned traders.
Moderate Risk: 30min to 45min
Safe Entry: After 45min to 1hr
Stock Selection Tip:
Use Expanded Floor Pivots to spot Narrow Range stocks.
Entry Tip:
Use Opening Range Breakout (15, 30, 45 or 1hr) to spot false shoot ups.
Entry:
After the retracement on or closer to the zones.
If the retracement happens in between spaces of the zones expect next retracement at the next in between space. Imagine the levels accordingly.
Retracement is the right time to make an entry with minimum stoploss.
Stoploss:
Just below the longest candle which touches the zone.
Target:
If it is a trending stock the price will move easily from one major zone to another major zone.
If the zones are wider on a particular day use the minor zones as target.
Consider the historical support and resistance, highs and lows to confirm the entry or exit.
Indicator Features:
Inclusion of 2nd and 3rd zones: Helpful to identify the target zone and to participation in a major rally.
Clean and cluster free look
Shows only required zones
Hide historical levels
Previous day High and Low levels
Multi time-frame
Caution:
Don't solely depend on this indicator. Always use this with other analyzing tools or methods for more confirmation.
Acknowledgement:
Thanking the original formulators.
Note:
The indicator is under testing. Any errors, updates and additions will be updated in the final version.
Even though there many are other indicators similar to this in TradingView, this indicator is customized for precision, inclusion of extended levels and designed for a squeeze free chart and visual appeal.
Explore, improvise and formulate new methods with your personal experience and ideas.
Decision MakerHere I propose a method to view only relevant decision-making zones for intraday and at that particular time. It is probably one of the cleanest ways to do this and have entire S/R system built-in without having clutter on the chart. This is great for discretionary traders to avoid confusion.
I'm here linking you examples of today;
As you can see, it only displays what is relevant at that particular time and helps you to make a decision in your trade according to it.
This script is for educational purposes only, any past performance is not an assurance of future success and the author does not take responsibility of your actions.
Enjoy~
Price action Momentum Level/Zone (Expo) Price action Momentum Levels/Zones (Expo) indicator identifies relatively stronger Up and Down Momentum. This is visualized by a Zone, or Levels or with Barcolors depending on which settings are used.
When the market has relatively stronger momentum it can be a sign that the sellers or buyers are exhausted and the market has to pause, make a pullback, or make a trend shift.
HOW TO USE
1. Use the indicator to identify relatively stronger momentum.
2. Use the indicator to identify pullbacks or trend shifts.
3. Use the indicator to buy/short-sell breakouts of the zones.
4. Use the indicator to buy/short-sell when the price re-test the zones.
INDICATOR IN ACTION
4 hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Margin Zones (MZE)Upgraded indicator Margin Zones with various number of options:
- Number of Days Ago to limit days when Zones are visible
- Price, margin and ticks can be set with decimal point
- Zones can be switched off separately
- all line are editable
NSDT ES Midline Zones**DESIGNED FOR ES/MES** This script provides an easy visualization of potential reversion zones to take trades back to the intraday midline. A common use would be to enter a position once price reached the outer yellow zones and retreats to either the red zone (for a short toward the midline) or a green zone (for a long back to the midline).
NSDT NQ Midline Zones**DESIGNED FOR NQ/MNQ** This script provides an easy visualization of potential reversion zones to take trades back to the intraday midline. A common use would be to enter a position once price reached the outer yellow zones and retreats to either the red zone (for a short toward the midline) or a green zone (for a long back to the midline).
Session S/RThis indicator marks the resistances and supports of the post, pre and market sessions of the previous day projecting up to the market of the day, also it marks the hours of these three markets allowing to identify the beginning and end of the sessions in London, Hong Kong, and America.
NSDT Auto Support / Resistance LevelsSimple script that automatically plots support and resistance lines based on the pivot points of the number of candles you choose to look back upon.
All options are editable.
NSDT Colored Support And Resistance ZonesScript that allows you to plot four (4) different support/resistance zones. The zones will change color whether the candle is over or under or within the zone area. All options can be modified. Tip: If you want eight (8) zones, just load the indicator twice.
Bitcoin Logarithmic Growth Curves & ZonesI found this awesome script from @quantadelic and edited it to be a bit more legible for regular use, including coloured zones and removing the intercept / slope values as variables, to leave space for the fib levels in the indicator display. I hope you all like it.
Zone Moving Average Color Direction Detection This indicator generates a zone for a moving average by means of the high and low source of the same average, the moving average should be worked as zones not as a line, by default a simple average of 200 periods is configured, the indicator has direction detection and represents it by the green and red colors, it also has padding with the same characteristic, it is possible to configure the following:
- Type: SMA, EMA, WMA, VWMA, SMMA, DEMA, THEME, HULLMA, ZEMA, TMA, SSMA
- Period / Length
- Source
- Color Direction Detection
Release Notes: Add a field to change the reaction in the change of color and direction of the Media, set to 1 is the fastest, a larger number filters the address better but is slower, 3 is set by default.
🧬Dynamic RSI Zones v1.0 by Cryptorhythms🧬Dynamic RSI Zones v1.0 by Cryptorhythms
Intro
There are a few adaptive RSI indicators already out there, and they got me thinking. They didn't really do what I desired, or do it profitably. So I had some hunches on how I could create my own and here it is!
Description
It is setup for all major timeframes, though for now its best on 30m or higher. Supported timeframes include: 1m, 3m, 5m, 15m, 30m, 1h, 2h, 4h, 12h, and daily. I am working on settings for 2 day, 3 day and weekly as well for a future update.
This way no more entering settings when changing timeframes, which can mean a lot when seconds matter.
You can however disable the automatic settings if you wish to experiment on a different timeframe or coin/market.
Instructions
Detailed instructions will follow in a separate post for brevity.
Future Updates
There will be many upcoming updates and improvements. These will include some graphical improvements, better performance on lower timeframes, additional timeframes added for XBTUSD, support for additional coins (ETH, LTC, XRP, etc are all coming).
Remember the settings are currently adapted for XBTUSD only!
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
Short&Long liquid levels (XBT & ETH)Shows liquidation levels of marginal LONG and SHORT positions on BITMEX for XBTUSD and ETHUSD pairs.
Levels are calculated from the basis price, which you can change manually. The best choice is using the Volume Profile indicator in conjunction, so you can take POC for the basis price. As well, you can use significant horizontal levels or a middle line of a price channel. In order to prevent chart collapse, last candle open price is used by default.
Indicator presents x100, x50, x25, x10, x5, x3, x2 levels for XBTUSD and x50, x35, x25, x20, x10, x5, x3 for ETHUSD. Each level is marked with labels by default, and you can turn the labels off in the styles menu.
The indicator is only visible on XBTUSD, BTCUSD, BTCUSDT, ETHUSD, ETHUSDT pairs.
You can turn on/off Short or Long liquidation levels.
The basis price is the same for Longs and shorts by default, specify separate price for short if you need.
If you have any advice to improve the indicator or if you find any mistake, please leave your feedback.
Multiple EMAs with marked zones and custom timeframe supportThis script plots 10 exponential moving averages and marks the areas between them.
The lengths are Fibonacci numbers starting from 5 and ending with 377.
The colors indicate the length of the moving average, green for the shortest and purple for the longest.
The zones between consecutive EMA's (e.g. 5 and 8 ema ) are market according to the color of the greater one in value.
By default the script plots values for the current time frame, but supports custom time frames.
I'm releasing this script with an open visibility. Feel free to suggest improvements!
Enjoy,
s0ullight
How To Use Dynamic ZonesExample of how to apply and use Dynamic Zones with an indicator by injecting it's source into my adaptation of the original idea by Leo Zamansky, Ph.D., and David Stendahl.
• Load your desired oscillating indicator on your chart (CCI, RSI, etc).
• Load my "How To Use Dynamic Zones" indicator on your chart.
• In the "How To Use Dynamic Zones" indicator settings choose your desired oscillating indicator as the Oscillator Source.
You will now have dynamic overbought and oversold levels. I have also included alerts which may be used to indicate when these conditions occur.
If desired you may repeat the above process by loading additional indicators along with additional copies of my indicator to use with each oscillator.
Oscillator Source: CLOSE uses your chosen indicator as a source or you may use price as a source
Sample Length: 70 uses number of previous values for evaluating
Hi is Above X% of Sample: 88 sets overbought zone
Lo is Below X% of Sample: 88 sets oversold zone
The simplest explanation of what these default settings are doing is that they take 70 previous values of your chosen indicator, then create an overbought level that is above 88% of those previous values and an oversold level that is below 88% of those previous values. As new bars form the levels are dynamically reevaluated and updated.
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"This investing style follows a very simple form of logic: Enter the market only when an oscillator has moved far above or below traditional trading levels. However, these oscillator driven systems lack the ability to evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market. And therein lies the problem.
Once traders begin introducing their market opinions into trading equations, by changing the zones, they negate the system’s mechanical nature. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market — bull or bear. Dynamic zones offer a solution to the problem of fixed buy and sell zones for any oscillator-driven system."
Reference: Stocks & Commodities V15:7 (306-310): Dynamic Zones by Leo Zamansky, Ph.D., and David Stendahl
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NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Elgrand - Overbought/sold Rsi + Stochastic zonesVisualize on your chart when price in an oversold or overbought zone. A combination of Rsi and Stochasticrsi is used for higher probability. Wait for an zone to be displayed and then wait for price to exit a zone. Once this happens check candlestick patterns and support/resistance "lines" to find appropiate stoplosses for you entry or exit
