Reversão Simples com Pontos de Liquidez//@version=5
indicator("Indicador IQ Option - Reversão Simples com Pontos de Liquidez", overlay=true)
// Configurações do RSI para detectar condições de reversão
rsiLength = input.int(14, title="Período do RSI")
overbought = input.int(70, title="Nível de Sobrecomprado (Venda)")
oversold = input.int(30, title="Nível de Sobrevendido (Compra)")
rsi = ta.rsi(close, rsiLength)
// Definindo as condições de entrada de compra (CALL) e venda (PUT)
sinalCompra = ta.crossover(rsi, oversold) // RSI cruzando para cima o nível de sobrevenda
sinalVenda = ta.crossunder(rsi, overbought) // RSI cruzando para baixo o nível de sobrecompra
// Plotando os indicativos de entrada para Compra (CALL) e Venda (PUT) como texto
plotshape(series=sinalCompra, title="Entrada CALL", location=location.belowbar, color=color.green, style=shape.labelup, text="CALL")
plotshape(series=sinalVenda, title="Entrada PUT", location=location.abovebar, color=color.red, style=shape.labeldown, text="PUT")
// Identificando os dois últimos pontos de liquidez (topos e fundos)
lookback = 50 // Número de barras para procurar os topos e fundos
// Encontrando os índices dos maiores topos e fundos nas últimas `lookback` barras
topoIndex = ta.highestbars(high, lookback)
fundoIndex = ta.lowestbars(low, lookback)
// Garantindo que os índices não sejam negativos (significa que o ponto não existe dentro da janela de lookback)
validTopoIndex = topoIndex >= 0 ? topoIndex : na
validFundoIndex = fundoIndex >= 0 ? fundoIndex : na
// Preços de liquidez nos topos e fundos
liquidezTopo = validTopoIndex >= 0 ? high : na
liquidezFundo = validFundoIndex >= 0 ? low : na
// Plotando linhas horizontais nos dois últimos pontos de liquidez
if (validTopoIndex >= 0)
line.new(x1=bar_index , y1=liquidezTopo, x2=bar_index, y2=liquidezTopo, color=color.orange, width=2, style=line.style_dashed)
if (validFundoIndex >= 0)
line.new(x1=bar_index , y1=liquidezFundo, x2=bar_index, y2=liquidezFundo, color=color.blue, width=2, style=line.style_dashed)
// Detectando reversões após os pontos de liquidez
reversaoTopo = ta.crossover(close, liquidezTopo) // Quando o preço ultrapassa o topo
reversaoFundo = ta.crossunder(close, liquidezFundo) // Quando o preço cai abaixo do fundo
// Plotando setas de reversão
plotshape(series=reversaoTopo, title="Reversão no Topo", location=location.abovebar, color=color.yellow, style=shape.triangledown, text="Reversão")
plotshape(series=reversaoFundo, title="Reversão no Fundo", location=location.belowbar, color=color.purple, style=shape.triangleup, text="Reversão")
// Alertas para notificar o trader
alertcondition(sinalCompra, title="Sinal de Compra (CALL)", message="Sinal de Compra (CALL) detectado!")
alertcondition(sinalVenda, title="Sinal de Venda (PUT)", message="Sinal de Venda (PUT) detectado!")
Candlestick analysis
No-Gap-CandlesCandle indicator that makes the chart more readable by removing overnight gaps by using the closing price of the previous day as the opening price of the current day.
Dinamik EMA Periyotları ile Buy/Sell Sinyalifiyat 50 emanın üstündeyken 10 ema 30 emayı 50 emanın üstünde yukarı kesince buy sinyal etiketi,fiyat 50 emanın altındayken 10 ema 30 emayı 50 emanın altında aşağı doğru kesince sell sinyal etiketi var.buy ve sell sinyalleri için alarm kurulabilir.
BTC Volume number candel//@version=5
indicator("BTC Key Indicators with Volume Labels", overlay=true)
// 1. Klouzavé průměry (MA)
shortMaLength = 50
longMaLength = 200
shortMa = ta.sma(close, shortMaLength)
longMa = ta.sma(close, longMaLength)
plot(shortMa, color=color.blue, linewidth=2, title="50 MA")
plot(longMa, color=color.red, linewidth=2, title="200 MA")
// 2. RSI (Relative Strength Index)
rsiLength = 14
rsiOverbought = 70
rsiOversold = 30
rsi = ta.rsi(close, rsiLength)
hline(rsiOverbought, "Overbought", color=color.red, linestyle=hline.style_dotted)
hline(rsiOversold, "Oversold", color=color.green, linestyle=hline.style_dotted)
plot(rsi, "RSI", color=color.purple, linewidth=1)
// 3. MACD (Moving Average Convergence Divergence)
macdLength1 = 12
macdLength2 = 26
signalSmoothing = 9
= ta.macd(close, macdLength1, macdLength2, signalSmoothing)
plot(macdLine, color=color.blue, title="MACD Line", linewidth=1)
plot(signalLine, color=color.orange, title="Signal Line", linewidth=1)
bgcolor(macdLine > signalLine ? color.new(color.green, 90) : color.new(color.red, 90), title="MACD Background")
// 4. Volume (Objem obchodů) - zobrazení sloupců
showVolume = input(true, "Show Volume Columns")
volumeColor = close > open ? color.green : color.red
plot(showVolume ? volume : na, style=plot.style_columns, color=volumeColor, title="Volume")
// 5. Volume Labels (číselné hodnoty nad svíčkami)
showVolumeLabels = input(true, "Show Volume Labels")
if showVolumeLabels
label.new(bar_index, high, str.tostring(volume, "#"), color=color.blue, textcolor=color.white, size=size.small, yloc=yloc.above)
Kushy - EMA (9, 21, 50, 100, 200)Tên chỉ báo: Custom EMA (9, 21, 50, 100, 200)
Mô tả: Đây là chỉ báo EMA tùy chỉnh được thiết kế để giúp người dùng theo dõi xu hướng thị trường bằng cách sử dụng 5 đường EMA phổ biến với các giá trị 9, 21, 50, 100 và 200. Mỗi đường EMA được gán màu sắc riêng để dễ dàng quan sát:
EMA 9: Màu tím - thích hợp cho việc theo dõi biến động ngắn hạn.
EMA 21: Màu cam - giúp xác định xu hướng ngắn hạn và hỗ trợ giao dịch ngắn.
EMA 50: Màu xanh dương - cung cấp tín hiệu trung hạn, thường được sử dụng trong chiến lược swing trading.
EMA 100: Màu xanh lá - cho thấy xu hướng tổng quát trung hạn.
EMA 200: Màu đỏ - biểu thị xu hướng dài hạn, rất hữu ích để đánh giá xu hướng lớn trong thị trường.
Chỉ báo này giúp người dùng dễ dàng xác định xu hướng và tìm điểm vào/ra tiềm năng khi các đường EMA giao nhau hoặc khi giá cắt qua các đường EMA chính. Phù hợp cho cả day trading, swing trading và các chiến lược đầu tư dài hạn.
Hướng dẫn sử dụng:
Các đường EMA ngắn hạn (EMA 9, EMA 21) giúp xác định các tín hiệu giao dịch nhanh, trong khi các đường dài hạn (EMA 50, EMA 100, EMA 200) cung cấp xu hướng tổng thể của thị trường.
Quan sát sự giao nhau của các đường EMA để tìm điểm vào/ra giao dịch.
Khi giá nằm trên các đường EMA dài hạn, đó là tín hiệu của xu hướng tăng; ngược lại, khi giá nằm dưới các đường này, có thể là xu hướng giảm.
Globex time (New York Time)This indicator is designed to highlight and analyze price movements within the Globex session. Primarily geared toward the Globex Trap trading strategy, this tool visually identifies the session's high and low prices, allowing traders to better assess price action during extended hours. Here’s a comprehensive breakdown of its features and functionality:
Purpose
The "Globex Time (New York Time)" indicator tracks price levels during the Globex trading session, providing a clear view of overnight market activity. This session, typically running from 6 p.m. ET (18:00) until the following morning at 8:30 a.m. ET, is a critical period where significant market positioning can occur before the regular session opens. In the Globex Trap strategy, the session high and low are essential levels, as price movements around these areas often indicate potential support, resistance, or reversal zones, which traders use to set up entries or exits when the regular trading session begins.
Key Features
Customizable Session Start and End Times
The indicator allows users to specify the exact start and end times of the Globex session in New York time. The default settings are:
Start: 6 p.m. ET (18:00)
End: 8:30 a.m. ET
These settings can be adjusted to align with specific market hours or personal preferences.
Session High and Low Identification
Throughout the defined session, the indicator dynamically calculates and tracks:
Session High: The highest price reached within the session.
Session Low: The lowest price reached within the session.
These levels are essential for the Globex Trap strategy, as price action around them can indicate likely breakout or reversal points when regular trading resumes.
Vertical Lines for Session Start and End
The indicator draws vertical lines at both the session start and end times:
Session Start Line: A solid line marking the exact beginning of the Globex session.
Session End Line: A similar vertical line marking the session’s conclusion.
Both lines are customizable in terms of color and thickness, making it easy to distinguish the session boundaries visually on the chart.
Horizontal Lines for Session High and Low
At the end of the session, the indicator plots horizontal lines representing the Globex session's high and low levels. Users can customize these lines:
Color: Define specific colors for the session high (default: red) and session low (default: green) to easily differentiate them.
Line Style: Options to set the line style (solid, dashed, or dotted) provide flexibility for visual preferences and chart organization.
Automatic Reset for Daily Tracking
To adapt to the next trading day, the indicator resets the session high and low data once the current session ends. This reset prepares it to start tracking new levels at the beginning of the next session without manual intervention.
Practical Application in the Globex Trap Strategy
In the Globex Trap strategy, traders are primarily interested in price behavior around the high and low levels established during the overnight session. Common applications of this indicator for this strategy include:
Breakout Trades: Watching for price to break above the Globex high or below the Globex low, indicating potential momentum in the breakout direction.
Reversal Trades: Monitoring for failed breakouts or traps where price tests and rejects the Globex high or low, suggesting a reversal as liquidity is trapped in these zones.
Support and Resistance Zones: Using the session high and low as key support and resistance levels during the regular trading session, with potential entry or exit points when price approaches these areas.
Additional Configuration Options
Vertical Line Color and Width: Define the color and thickness of the vertical session start and end lines to match your chart’s theme.
Upper and Lower Line Colors and Styles: Customize the appearance of the session high and low horizontal lines by setting color and line style (solid, dashed, or dotted), making it easy to distinguish these critical levels from other chart markings.
Summary
This indicator is a valuable tool for traders implementing the Globex Trap strategy. It visually segments the Globex session and marks essential price levels, helping traders analyze market behavior overnight. Through its customizable options and clear visual representation, it simplifies tracking overnight price activity and identifying strategic levels for potential trade setups during the regular session.
multiple EMAPine Script Description for Multiple EMA Values
This Pine Script code calculates and plots multiple EMA (Exponential Moving Average) values for different time periods on a price chart. Each EMA represents the average price over a specified period, helping traders identify the overall price trend and momentum. Shorter-period EMAs respond faster to price changes, while longer-period EMAs show more stable trends.
Basic Setup
The script allows users to customize the period for each EMA, such as 9-day, 21-day, 50-day, and 200-day EMAs.
Each EMA period is defined as an input parameter, making it flexible to adapt to various trading strategies.
EMA Calculation
The ta.ema() function is used to compute each EMA based on the specified period.
The calculated EMAs are displayed on the chart in distinct colors, allowing traders to quickly see the trend for each period.
Chart Display
Using the plot() function, each EMA is plotted on the chart with a unique color and style, making it easy to differentiate between short-term and long-term trends.
Additional Features
EMA Crosses: When a shorter EMA crosses above a longer EMA, it can signal a buying opportunity. Conversely, a downward cross can signal a selling opportunity. The script can highlight these crossover points.
Trend Confirmation: When all EMAs are moving upward, it indicates a strong upward trend; when all are moving downward, it indicates a strong downtrend.
EMA Spacing Visualization: Wider spacing between EMAs can suggest increasing volatility, which can be useful for assessing risk.
Swiss Army Knife Technical Indicator by OthoThis indicator is a powerful tool designed for traders who want a clear, multi-timeframe perspective on market trends. It combines multiple features into one easy-to-read tool, providing insights into market direction, trend strength, and key price action patterns. The indicator also highlights areas of bullish and bearish runs, helping users quickly identify potential opportunities.
Features
Multi-Timeframe Bias Analysis:
This feature calculates trend bias across various timeframes (12-month, monthly, weekly, daily, 4-hour, and 1-hour).
The overall "Current Bias Preference" (Bullish, Bearish, or Neutral) summarizes the market’s direction.
A "Strength of Bias" percentage shows the confidence in the trend, from 0% to 100%.
Bullish/Bearish Run Zones:
The indicator highlights bullish and bearish run periods with green and red background colors, respectively.
These areas represent periods of strong directional moves and help you visually identify trends without cluttering the chart with stop-loss levels.
Once a trend is identified, the timeline remains on the chart as a visual reminder of past market movement, making it easy to reference recent bullish or bearish runs.
RSI Condition Indicator:
The "RSI Indicator" provides a reading of overbought/oversold levels as a percentage (e.g., “Overbought 70%”).
This helps gauge market momentum and identify potential reversal points.
Candle Pattern Recognition:
The tool identifies key candle patterns, including Doji, Hammer, Bullish Engulfing, and Bearish Engulfing.
Patterns are labeled directly on the chart, helping traders quickly spot important price action signals.
How to Use It
Identify Market Direction: Check the "Current Bias Preference" and "Strength of Bias" to determine the overall trend. For instance, if all timeframes align as "Bullish" with a high strength percentage, this suggests a strong uptrend.
Use Bullish/Bearish Run Zones: The green and red background colors highlight past bullish and bearish runs, allowing you to see recent directional momentum without cluttering the chart.
Monitor RSI Levels: The RSI Indicator displays overbought/oversold conditions as a percentage, helping you assess potential reversals or continuation signals.
Watch for Candle Patterns: Look out for Doji, Hammer, and Engulfing patterns, which may signal entry or exit points when aligned with the overall trend.
This tool provides a structured way to assess trends, spot entry signals, and visualize past market movements, making it an excellent companion for any trader’s toolkit.
Enhanced London Session SMC SetupEnhanced London Session SMC Setup Indicator
This Pine Script-based indicator is designed for traders focusing on the London trading session, leveraging smart money concepts (SMC) to identify potential trading opportunities in the GBP/USD currency pair. The script uses multiple techniques such as Order Block Detection, Imbalance (Fair Value Gap) Analysis, Change of Character (CHoCH) detection, and Fibonacci retracement levels to aid in market structure analysis, providing a well-rounded approach to trade setups.
Features:
London Session Highlight:
The indicator visually marks the London trading session (from 08:00 AM to 04:00 PM UTC) on the chart using a blue background, signaling when the high-volume, high-impulse moves tend to occur, helping traders focus their analysis on this key session.
Order Block Detection:
Identifies significant impulse moves that may form order blocks (supply and demand zones). Order blocks are areas where institutions have executed large orders, often leading to price reversals or continuation. The indicator plots the high and low of these order blocks, providing key levels to monitor for potential entries.
Imbalance (Fair Value Gap) Detection:
Detects and highlights price imbalances or fair value gaps (FVG) where the market has moved too quickly, creating a gap in price action. These areas are often revisited by price, offering potential trade opportunities. The upper and lower bounds of the imbalance are visually marked for easy reference.
Change of Character (CHoCH) Detection:
This feature identifies potential trend reversals by detecting significant changes in market character. When the price action shifts from bullish to bearish or vice versa, a CHoCH signal is triggered, and the corresponding level is marked on the chart. This can help traders catch trend reversals at key levels.
Fibonacci Retracement Levels:
The script calculates and plots the key Fibonacci retracement levels (0.618 and 0.786 by default) based on the highest and lowest points over a user-defined swing lookback period. These levels are commonly used by traders to identify potential pullback zones where price may reverse or find support/resistance.
Directional Bias Based on Market Structure:
The indicator provides a market structure analysis by comparing the current highs and lows to the previous periods' highs and lows. This helps in identifying whether the market is in a bullish or bearish state, providing a clear directional bias for trade setups.
Alerts:
The indicator comes with built-in alert conditions to notify the trader when an order block, imbalance, CHoCH, or other significant price action event is detected, ensuring timely action can be taken.
Ideal Usage:
Timeframe: Suitable for intraday trading, particularly focusing on the London session (08:00 AM to 04:00 PM UTC).
Currency Pair: Specifically designed for GBP/USD but can be adapted to other pairs with similar market behavior.
Trading Strategy: Best used in conjunction with a price action strategy, focusing on the key levels identified (order blocks, FVG, CHoCH) and using Fibonacci retracement levels for precision entries.
Target Audience: Ideal for traders who follow smart money concepts (SMC) and are looking for a structured approach to identify high-probability setups during the London session.
Heikin Ashi with WMA/EMA, Target, Stoploss, and Trailing Stop 22If you continue to experience the "Undeclared identifier 'label'" error, an alternative approach is to use the plotshape function instead of label.new. The plotshape function can place markers (such as "Buy" and "Sell") on the chart without directly using label, and it’s widely supported in Pine Script.
Sumit Infusion-ndpDarvas with pivot. This script allows user to vies darvas box with ema distance and pivot .
Highlight 3 PM Candle//@version=5
indicator("Highlight 3 PM Candle", overlay=true)
// Function to determine if the current candle is the 3 PM candle
is3pm(candleTime) =>
hour(candleTime) == 15 and minute(candleTime) == 0
// Check if the current candle is the 3 PM candle
highlight = is3pm(time)
// Highlight the 3 PM candle with a background color
bgcolor(highlight ? color.new(color.red, 80) : na)
15-Minute Time Frame Separatorim using this indicator to find best entry using 15minute time frame . so before i need to put manually ,
EMA and SMA Crossover Strat.Jerrythick jerry
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Confirmed market structure buy/sell indicatorOverview
The Swing Point Breakout Indicator with Multi-Timeframe Dashboard is a TradingView tool designed to identify potential buy and sell signals based on swing point breakouts on the primary chart's timeframe while simultaneously providing a snapshot of the market structure across multiple higher timeframes. This dual approach helps traders make informed decisions by aligning short-term signals with broader market trends.
Key Features
Swing Point Breakout Detection
Swing Highs and Lows: Identifies significant peaks and troughs based on a user-defined lookback period.
Breakout Signals:
Bullish Breakout (Buy Signal): Triggered when the price closes above the latest swing high.
Bearish Breakout (Sell Signal): Triggered when the price closes below the latest swing low.
Visual Indicators: Highlights breakout bars with colors (lime for bullish, red for bearish) and plots buy/sell markers on the chart.
Multi-Timeframe Dashboard
Timeframes Monitored: 1m, 5m, 15m, 1h, 4h, 1D, and 1W.
Market Structure Status:
Bullish: Indicates upward market structure.
Bearish: Indicates downward market structure.
Neutral: No clear trend.
Visual Table: Displays each timeframe with its current status, color-coded for quick reference (green for bullish, red for bearish, gray for neutral).
Operational Workflow
Initialization:
Sets up a dashboard table on the chart's top-right corner with headers "Timeframe" and "Status".
Swing Point Detection:
Continuously scans the main timeframe for swing highs and lows using the specified lookback period.
Updates the latest swing high and low levels.
Signal Generation:
Detects when the price breaks above the last swing high (bullish) or below the last swing low (bearish).
Activates potential buy/sell setups and confirms signals based on subsequent price movements.
Dashboard Update:
For each defined higher timeframe, assesses the market structure by checking for breakouts of swing points.
Updates the dashboard with the current status for each timeframe, aiding in trend confirmation.
Visualization:
Colors the bars where breakouts occur.
Plots buy and sell signals directly on the chart for easy identification.
SMC StrategyThis Pine Script strategy is based on Smart Money Concepts (SMC), designed for TradingView. Here's a brief summary of what the script does:
1. Swing High and Low Calculation: It identifies recent swing highs and lows, which are used to define key zones.
2. Equilibrium, Premium, and Discount Zones:
- Equilibrium is the midpoint between the swing high and low.
- Premium Zone is above the equilibrium, indicating a potential resistance area (sell zone).
- Discount Zone is below the equilibrium, indicating a potential support area (buy zone).
3. Simple Moving Average (SMA): It uses a 50-period SMA to determine the trend direction. If the price is above the SMA, the trend is bullish; if it's below, the trend is bearish.
4. Buy and Sell Signals:
- Buy Signal: Generated when the price is in the discount zone and above the equilibrium, with the price also above the SMA.
- Sell Signal: Triggered when the price is in the premium zone and below the equilibrium, with the price also below the SMA.
5. Order Blocks: It detects basic order blocks by identifying the highest high and lowest low within the last 20 bars. These levels help confirm the buy and sell signals.
6. Liquidity Zones: It marks the swing high and low as potential liquidity zones, indicating where price may reverse due to institutional players' activity.
The strategy then executes trades based on these signals, plotting buy and sell markers on the chart and showing the key levels (zones) and trend direction.
Hourly Breakout & Multi-Timeframe High/Low Indicator withDescription:
This indicator combines powerful breakout and multi-timeframe analysis features, allowing traders to visualize key support and resistance levels across various timeframes (daily, weekly, monthly, hourly, and 4-hour highs and lows). It also dynamically colors candles based on hourly breakout conditions, making it easy to spot significant price movements and potential trading signals.
Key Features:
Customizable Multi-Timeframe High/Low Levels:
Displays previous and current high/low levels for daily, weekly, and monthly timeframes, as well as previous hourly and 4-hour highs and lows.
Each timeframe’s high/low lines are color-coded and can be toggled on or off based on user preference.
Hourly Breakout Candle Coloring:
Candle colors change when the hourly close breaks above or below the previous day's high or low, visually indicating important breakout conditions.
User-configurable colors for candles that close above or below these breakout levels make this indicator highly customizable.
Dynamic Line Plotting:
Automatically updates and plots dotted lines for the previous day’s high and low levels, providing consistent visual cues for key support and resistance.
This indicator is ideal for intraday and swing traders who want to keep an eye on important breakout levels and multi-timeframe support and resistance zones, all in one convenient tool. Whether you're trading trends, breakouts, or reversals, this indicator helps enhance decision-making with clear, color-coded signals and adaptable settings.
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.
David_candle length with average and candle directionThis indicator,
calculates the difference between the highest and lowest price (High-Low difference) for a specified number of periods and displays it in a table. Here are the functions and details included:
Number of Periods: The user can define the number of periods (e.g., 10) for which the High-Low differences are calculated.
Table Position: The position of the table that displays the results can be selected by the user (top left, top right, bottom left, or bottom right).
High-Low Difference per Candle: For each defined period, the difference between the highest and lowest price of the respective candle is calculated.
Candle Direction: The color of the displayed text in the table changes based on the candle direction:
Green for bullish candles (close price higher than open price).
Red for bearish candles (close price lower than open price).
White for neutral candles (close price equal to open price).
Average: Below the High-Low differences, the average value of the calculated differences is displayed in yellow text.
This indicator is useful for visually analyzing the volatility and movement range within the recent candles by highlighting the average High-Low difference.
