Machine Learning Key Levels [AlgoAlpha]🟠 OVERVIEW
This script plots Machine Learning Key Levels on your chart by detecting historical pivot points and grouping them using agglomerative clustering to highlight price levels with the most past reactions. It combines a pivot detection, hierarchical clustering logic, and an optional silhouette method to automatically select the optimal number of key levels, giving you an adaptive way to visualize price zones where activity concentrated over time.
🟠 CONCEPTS
Agglomerative clustering is a bottom-up method that starts by treating each pivot as its own cluster, then repeatedly merges the two closest clusters based on the average distance between their members until only the desired number of clusters remain. This process creates a hierarchy of groupings that can flexibly describe patterns in how price reacts around certain levels. This offers an advantage over K-means clustering, since the number of clusters does not need to be predefined. In this script, it uses an average linkage approach, where distance between clusters is computed as the average pairwise distance of all contained points.
The script finds pivot highs and lows over a set lookback period and saves them in a buffer controlled by the Pivot Memory setting. When there are at least two pivots, it groups them using agglomerative clustering: it starts with each pivot as its own group and keeps merging the closest pairs based on their average distance until the desired number of clusters is left. This number can be fixed or chosen automatically with the silhouette method, which checks how well each point fits in its cluster compared to others (higher scores mean cleaner separation). Once clustering finishes, the script takes the average price of each cluster to create key levels, sorts them, and draws horizontal lines with labels and colors showing their strength. A metrics table can also display details about the clusters to help you understand how the levels were calculated.
🟠 FEATURES
Agglomerative clustering engine with average linkage to merge pivots into level groups.
Dynamic lines showing each cluster’s price level for clarity.
Labels indicating level strength either as percent of all pivots or raw counts.
A metrics table displaying pivot count, cluster count, silhouette score, and cluster size data.
Optional silhouette-based auto-selection of cluster count to adaptively find the best fit.
🟠 USAGE
Add the indicator to any chart. Choose how far back to detect pivots using Pivot Length and set Pivot Memory to control how many are kept for clustering (more pivots give smoother levels but can slow performance). If you want the script to pick the number of levels automatically, enable Auto No. Levels ; otherwise, set Number of Levels . The colored horizontal lines represent the calculated key levels, and circles show where pivots occurred colored by which cluster they belong to. The labels beside each level indicate its strength, so you can see which levels are supported by more pivots. If Show Metrics Table is enabled, you will see statistics about the clustering in the corner you selected. Use this tool to spot areas where price often reacts and to plan entries or exits around levels that have been significant over time. Adjust settings to better match volatility and history depth of your instrument.
Keylevel
Equal High/Low (EQH/EQL) [AlgoAlpha]OVERVIEW
This script detects and visualizes Equal High (EQH) and Equal Low (EQL) zones—key liquidity areas where price has previously stalled or reversed. These levels often attract institutional interest due to the liquidity buildup around them. The indicator is built to highlight such zones using dynamic thresholding, overbought/oversold RSI filtering, and adaptive mitigation logic to manage zone relevance over time.
CONCEPTS
Equal Highs/Lows are price points where the market has repeatedly failed to break past a certain high or low, hinting at areas where stop orders and pending interest may be concentrated. These areas are often prime targets for liquidity grabs or reversals. By combining this with RSI filtering, the script avoids false signals during neutral conditions and instead focuses on zones where market pressure is more directional.
FEATURES
Detection Logic: The script identifies EQH and EQL zones by comparing the similarity between recent highs or lows with a dynamic volatility threshold. The `tolerance` input allows users to control how strict this comparison is.
RSI Filtering: If enabled, it only creates zones when RSI is significantly overbought or oversold (based on the `state_thresh` input). This helps ensure zones form only in meaningful market conditions.
Zone Display: Bullish (EQL) zones are shown in grey, while bearish (EQH) zones are in blue. Two horizontal lines mark the zone using wick and body extremes, and a filled area visualizes the zone between them.
Zone Management: Zones automatically extend with price until they’re invalidated. You can choose whether a zone is removed based on wick or body sweeps and whether it requires one or two candle confirmations. Zones also expire after a customizable number of bars.
Alerts: Four alert conditions are built in—when a new EQH/EQL is formed and when one is mitigated—making it easy to integrate into alert-based workflows.
USAGE
Equal highs/lows can be used as liquidity markers, either as entry points or as take-profit targets.
This tool is ideal for liquidity-based strategies and helps traders map out possible reversal or sweep zones that often precede aggressive moves.
[COW] Day Percent LevelsThis indicator plots on your chart 2 levels, the daily percentage changes required to know by most prop firms and other exchanges. 5% is often a cutoff point for prop firm day traders and can get you banned if you trade past these levels. This indicator allows you to adjust the percentage as well as the lines and labels to your liking.
This is key when using prop firms as it is a level you must be aware of when trading. This can help you avoid being banned, your account being closed, or other disciplinary action based on trading past these levels.
Enjoy!
Toby's Key LevelsAn Indicator that helps determine Key Areas on the chart. You set the values you want the horizontal lines to update. They horizontal lines will be used for exits and entries of trade. My recommendation for these Key Areas are as follows ( These recommendations are mostly for day trading and swing trading ):
XAU: Value distance of 50 ex. XAUUSD.
NAS: Value distance of 250 ex. NAS100/USTEC.
ETH: Value distance of 100 ex. ETHUSD.
AUD pairs: Value distance of 0.0200 ex. GBPAUD, EURAUD.
CAD pairs: Value distance of 0.0100 ex. NZDCAD, EURCAD.
CHF pairs: Value distance of 0.0100 ex. CADCHF, GBPCHF.
GBP pairs: Value distance of 0.00350 ex. EURGBP.
JPY pairs: Value distance of 2.00 ex. EURJPY, GBPJPY.
NZD pairs: Value distance of 0.015 ex. GBPNZD, AUDNZD.
Note:
These are subject to change and you can alter the lines anyhow you want to suit your trading style. These are what I recommend. Remember, Market is King.
Safe Trading!
Key Zone LocatorThe "Key Locator" indicator identifies important price levels on a chart by analyzing historical data. It does this by:
Counting Touches: It calculates how many times the price touches each level within a specified period. This helps identify levels that the market frequently interacts with, which can indicate significant support or resistance.
Measuring Volume: It also sums up the trading volume at each level during the same period. High volume at a particular level can suggest strong interest or activity, making that level more significant.s based on historical market activity.
By combining these two metrics—touches and volume—the indicator highlights the most important price level on the chart, helping traders make informed decisions based on where the market has shown significant activity in the past.
Level Calculation:
The indicator first identifies the highest and lowest prices over a specified period, which is determined by the length parameter. It then divides this price range into 200 equal segments, creating potential key levels across the chart. Each segment represents a level where the price might show significant activity.
Metric Calculation:
For each of these levels, the indicator calculates two key metrics. First, it counts how many times the price touches or crosses each level during the specified period. Second, it sums up the trading volume associated with these touches at each level. This dual analysis helps in identifying levels that are not only frequently interacted with but also have substantial trading activity.
Normalization:
To facilitate comparison between different levels, the indicator normalizes both the touch count and the volume for each level to a scale from 0 to 10. This involves dividing each metric by its maximum observed value in the period and scaling it accordingly, ensuring that both metrics are on a comparable scale.
Scoring and Balancing:
Each level is assigned a score based on a weighted average of its normalized touch and volume scores. The weight_balance parameter allows users to adjust the emphasis between touches and volume. A higher weight on touches will prioritize levels frequently interacted with, while more emphasis on volume will highlight levels with significant trading activity.
Identify Key Level:
Finally, the indicator identifies the level with the highest combined score as the most significant. This key level is plotted on the chart in red, providing traders with a visual indication of potential areas of support or resistance based on historical data.
This comprehensive approach allows traders to pinpoint where crucial market activity has occurred, aiding them in making strategic decisions based on historical price behavior and trading volumes.
Please note that while the "Key Locator" indicator provides valuable insights based on historical data, it does not guarantee future performance or outcomes. Trading involves risks, and it's important to use this tool in conjunction with other analysis methods and risk management strategies. Always consider your financial situation and consult with a financial advisor if necessary before making trading decisions.
Machine Learning Support and Resistance [AlgoAlpha]🚀 Elevate Your Trading with Machine Learning Dynamic Support and Resistance!
The Machine Learning Dynamic Support and Resistance by AlgoAlpha leverages advanced machine learning techniques to identify dynamic support and resistance levels on your chart. This tool is designed to help traders spot key price levels where the market might reverse or stall, enhancing your trading strategy with precise, data-driven insights.
Key Features:
🎯 Dynamic Levels: Continuously adjusts support and resistance levels based on real-time price data using a K-means clustering algorithm.
🧠 Machine Learning: Utilizes clustering methods to optimize the identification of significant price zones.
⏳ Configurable Lookback Periods: Customize the training length and confirmation length for better adaptability to different market conditions.
🎨 Visual Clarity: Clearly distinguish bullish and bearish zones with customizable color schemes.
📉 Trailing and Fixed Levels: Option to display both trailing and fixed support/resistance levels for comprehensive analysis.
🚮 Auto-Cleaning: Automatically removes outdated levels after a specified number of bars to keep your chart clean and relevant.
Quick Guide to Using the Machine Learning Dynamic Support and Resistance Indicator
Maximize your trading with this powerful indicator by following these streamlined steps! 🚀✨
🛠 Add the Indicator: Add the indicator to favorites by pressing the star icon. Customize settings like clustering training length, confirmation length, and whether to show trailing or fixed levels to fit your trading style.
📊 Market Analysis: Monitor the dynamic levels to identify potential reversal points. Use these levels to inform entry and exit points, or to set stop losses.
How It Works
This indicator employs a K-means clustering algorithm to dynamically identify key price levels based on the historical price data within a specified lookback window. It starts by initializing three centroids based on the highest, lowest, and an average between the highest and lowest price over the lookback period. The algorithm then iterates through the price data to cluster the prices around these centroids, dynamically adjusting them until they stabilize, representing potential support and resistance levels. These levels are further confirmed based on a separate confirmation length parameter to identify "fixed" levels, which are then drawn as horizontal lines on the chart. The script continuously updates these levels as new data comes in, while also removing older levels to keep the chart clean and relevant, offering traders a clear and adaptive view of market structure.
Ultra Key LevelsThe "Ultra Key Levels" indicator is a powerful tool designed for traders who seek to identify critical price levels in the market. This Pine Script™ indicator is optimized to plot significant pivot highs and lows directly on your chart, providing a clear visual representation of potential support and resistance zones.
Pivot Detection: Automatically identifies and marks pivot highs and lows using customizable parameters. Traders can fine-tune the length of the pivots, allowing for precise detection of significant price points.
Dynamic Boxes: The indicator draws dynamic boxes around each identified pivot high and low, highlighting key levels. These boxes are adjusted based on the Average True Range (ATR), ensuring they reflect the current market volatility.
Pivot Highs/Lows: Control the appearance and behavior of pivot points with options to adjust source data, length, transparency, and the maximum number of pivots displayed on the chart.
ATR Multiplier: Set the ATR multiplier to determine the size of the boxes around pivot points, helping you assess the strength of each level.
Debug Mode: Activate debug mode to visualize pivot points and fine-tune your settings for optimal performance.
Scalability: Supports up to 500 boxes, making it suitable for both short-term and long-term traders who need to track multiple levels across different timeframes.
The "Ultra Key Levels" indicator is ideal for traders who rely on technical analysis to make informed decisions. By automatically identifying and highlighting key price levels, this tool helps you anticipate potential market movements and optimize your trading strategy.
Daily Open [Kintsugi Trading]Daily Open
The "Daily Open" indicator by Kintsugi Trading is designed to give traders clear and immediate access to daily open prices, enhancing their ability to spot key market levels and make informed trading decisions. The indicator dynamically changes the color of the plotted line based on the current price's relationship to the opening price of the regular market session. This visual aid helps traders quickly assess whether the current price is trading above or below the opening price of the session.
Key Features:
Daily Open Visualization: Automatically plots the daily open price on your chart, providing a clear reference point for daily price action.
Configurable Market Open Time: The indicator allows users to input the start time of the regular market session (default is set to 9:30 AM).
Color-Coded: The indicator dynamically adjusts the color of the daily open line and price labels based on whether the price is above or below the open, giving you quick visual cues about market sentiment.
Customization Options: Users can modify the line's appearance, including the color and style, to better fit their chart preferences.
Ideal For:
This indicator is particularly useful for day traders and those looking to closely monitor price action in relation to the market's opening level. It serves as a quick reference point for identifying potential bullish or bearish sentiment throughout the trading day.
Good luck with your trading!
Visible Range Support and Resistance [AlgoAlpha]🌟 Introducing the Visible Range Support and Resistance 🌟
Discover key support and resistance levels with the innovative "Visible Range Support and Resistance" indicator by AlgoAlpha! 🚀📈 This advanced tool dynamically identifies significant price zones based on the visible range of your chart, providing traders with crucial insights for making informed decisions.
Key Features:
Dynamic support and resistance levels based on visible chart range 📏
User-defined resolution for tailored analysis 🎯
Clear visual representation of significant key zones 🖼️
Easy integration with any trading strategy 💼
How to Use:
🛠 Add the Indicator : Add the indicator to favourites. Adjust settings like resolution and horizontal extension to suit your trading style.
📊 Market Analysis : Identify key support and resistance zones based on the highlighted areas. These zones indicate significant price levels where the market may react.
How it Works:
The indicator segments the price range into user-defined resolutions, analyzing the highest and lowest points to establish boundaries. It calculates the frequency of price action within these segments, highlighting key levels where price movements are least concentrated (areas where price tends to pivot). Customizable settings like resolution and horizontal extension allow for tailored analysis, while the intuitive visual representation makes it easy to spot potential support and resistance zones directly on your chart.
By leveraging this indicator, you can gain deeper insights into market dynamics and improve your trading strategy with data driven support and resistance analysis. Happy trading! 💹✨
Depth of Market (DOM) [LuxAlgo]The Depth Of Market (DOM) tool allows traders to look under the hood of any market, taking price and volume analysis to the next level. The following features are included: DOM, Time & Sales, Volume Profile, Depth of Market, Imbalances, Buying Pressure, and up to 24 key intraday levels (it really packs a punch).
As a disclaimer, this tool does not use tick data, it is a DOM reconstruction from the provided real-time time series data (price and volume). So the volume you see is from filled orders only, this tool does not show unfilled limit orders.
Traders can enable or disable any of the features at will to avoid being overwhelmed with too much information and to make the tool perform faster.
The features that have the biggest impact on performance are Historical Data Collection, Key Levels (POC & VWAP), Time & Sales, Profile, and Imbalances. Disable these features to improve the indicator computational performance.
🔶 DOM
This is the simplest form of the tool, a simple DOM or ladder that displays the following columns:
PRICE: Price level
BID: Total number of market sell orders filled or limit buy orders filled.
SELL: Sell market orders
BUY: Buy market orders
ASK: Total number of market buy orders filled or limit sell orders filled.
The DOM only collects historical data from the last 24 hours and real-time data.
Traders can select a reset period for the DOM with two options:
DAILY: Resets at the beginning of each trading day
SESSIONS: Resets twice, as DAILY and 15.5 hours later, to coincide with the start of the RTH session for US tickers.
The DOM has two main modes, it can display price levels as ticks or points. The default is automatic based on the current daily volatility, but traders can manually force one mode or the other if they wish.
For convenience, traders have the option to set the number of lines (price levels), and the size of the text and to display only real-time data.
By default, the top price is set to 0 so that the DOM automatically adjusts the price levels to be displayed, but traders can set the top price manually so that the tool displays only the desired price levels in a fixed manner.
🔹 Volume Profile
As additional features to the basic DOM, traders have access to the volume profile histogram and the total volume per price level.
This helps traders identify at a glance key price areas where volume is accumulating (high volume nodes) or areas where volume is lacking (low volume nodes) - these areas are important to some traders who base their decision-making process on them.
🔹 Imbalances
Other added features are imbalances and buying pressure:
Interlevel Imbalance: volume delta between two different price levels
Intralevel Imbalance: delta between buy and sell volume at the same price level
Buying Pressure Percent: percentage of buy volume compared to total volume
Imbalances can help traders identify areas of interest in the price for possible support or resistance.
🔹 Depth
Depth allows traders to see at a glance how much supply is above the current price level or how much demand is below the current price level.
Above the current price level shows the cumulative ask volume (filled sell limit orders) and below the current price level shows the cumulative bid volume (filled buy limit orders).
🔶 KEY LEVELS
The tool includes up to 24 different key intraday levels of particular relevance:
Previous Week Levels
PWH: Previous week high
PWL: Previous week low
PWM: Previous week middle
PWS: Previous week settlement (close)
Previous Day Levels
PDH: Previous day high
PDL: Previous day low
PDM: Previous day middle
PDS: Previous day settlement (close)
Current Day Levels
OPEN: Open of day (or session)
HOD: High of day (or session)
LOD: Low of day (or session)
MOD: Middle of day (or session)
Opening Range
ORH: Open range high
ORL: Open range low
Initial Balance
IBH: Initial balance high
IBL: Initial balance low
VWAP
+3SD: Volume weighted average price plus 3 standard deviations
+2SD: Volume weighted average price plus 2 standard deviations
+1SD: Volume weighted average price plus 1 standard deviation
VWAP: Volume weighted average price
-1SD: Volume weighted average price minus 1 standard deviation
-2SD: Volume weighted average price minus 2 standard deviations
-3SD: Volume weighted average price minus 3 standard deviations
POC: Point of control
Different traders look at different levels, the key levels shown here are objective and specific areas of interest that traders can act on, providing us with potential areas of support or resistance in the price.
🔶 TIME & SALES
The tool also features a full-time and sales panel with time, price, and size columns, a size filter, and the ability to set the timezone to display time in the trader's local time.
The information shown here is what feeds the DOM and it can be useful in several ways, for example in detecting absorption. If a large number of orders are coming into the market but the price is barely moving, this indicates that there is enough liquidity at these levels to absorb all these orders, so if these orders stop coming into the market, the price may turn around.
🔶 SETTINGS
Period: Select the anchoring period to start data collection, DAILY will anchor at the start of the trading day, and SESSIONS will start as DAILY and 15.5 hours later (RTH for US tickers).
Mode: Select between AUTO and MANUAL modes for displaying TICKS or POINTS, in AUTO mode the tool will automatically select TICKS for tickers with a daily average volatility below 5000 ticks and POINTS for the rest of the tickers.
Rows: Select the number of price levels to display
Text Size: Select the text size
🔹 DOM
DOM: Enable/Disable DOM display
Realtime only: Enable/Disable real-time data only, historical data will be collected if disabled
Top Price: Specify the price to be displayed on the top row, set to 0 to enable dynamic DOM
Max updates: Specify how many times the values on the SELL and BUY columns are accumulated until reset.
Profile/Depth size: Maximum size of the histograms on the PROFILE and DEPTH columns.
Profile: Enable/Disable Profile column. High impact on performance.
Volume: Enable/Disable Volume column. Total volume traded at price level.
Interlevel Imbalance: Enable/Disable Interlevel Imbalance column. Total volume delta between the current price level and the price level above. High impact on performance.
Depth: Enable/Disable Depth, showing the cumulative supply above the current price and the cumulative demand below. Impact on performance.
Intralevel Imbalance: Enable/Disable Intralevel Imbalance column. Delta between total buy volume and total sell volume. High impact on performance.
Buying Pressure Percent: Enable/Disable Buy Percent column. Percentage of total buy volume compared to total volume.
Imbalance Threshold %: Threshold for highlighting imbalances. Set to 90 to highlight the top 10% of interlevel imbalances and the top and bottom 10% of intra-level imbalances.
Crypto volume precision: Specify the number of decimals to display on the volume of crypto assets
🔹 Key Levels
Key Levels: Enable/Disable KEY column. Very high performance impact.
Previous Week: Enable/Disable High, Low, Middle, and Close of the previous trading week.
Previous Day: Enable/Disable High, Low, Middle, and Settlement of the previous trading day.
Current Day/Session: Enable/Disable Open, High, Low and Middle of the current period.
Open Range: Enable/Disable High and Low of the first candle of the period.
Initial Balance: Enable/Disable High and Low of the first hour of the period.
VWAP: Enable/Disable Volume-weighted average price of the period with 1, 2, and 3 standard deviations.
POC: Enable/Disable Point of Control (price level with the highest volume traded) of the period.
🔹 Time & Sales
Time & Sales: Enable/Disable time and sales panel.
Timezone offset (hours): Enter your time zone\'s offset (+ or −), including a decimal fraction if needed.
Order Size: Set order size filter. Orders smaller than the value are not displayed.
🔶 THANKS
Hi, I'm makit0 coder of this tool and proud member of the LuxAlgo Opensource team, it's an honor to be part of the LuxAlgo family doing something I love as it's writing opensource code and sharing it with the world. I'd like to thank all of you who use, comment on, and vote for all of our open-source tools, and all of you who give us your support.
And of course thanks to the PineCoders family for all the work in front of and behind the scenes that makes the PineScript community what it is, simply the best.
Peace, Love & PineScript!
Activity and Volume Orderflow Profile [AlgoAlpha]🔍 Activity and Volume Orderflow Profile 📊
🚀 Unlock the power of market order flow analysis with the Activity and Volume Orderflow Profile indicator by AlgoAlpha . This versatile tool helps you visualize and understand the dynamics of buying and selling pressure within a specified lookback period. Perfect for traders who want to dig deeper into volume-based market insights!
Key Features:
📊 Profile Type Options : Choose between "Comparison" and "Net Order Flow" to analyze market activity based on your preferred method.
🔎 Adjustable Lookback Period : Customize the lookback period to fit your trading strategy.
🎨 Flexible Appearance Settings : Toggle the display of the profile, lookback period visualization, and heatmap to suit your preferences.
🖍 Color Customization : Set your preferred colors for up and down volumes.
🕹 High Activity Highlight : Use the minimum transparency setting to highlight areas of significant activity.
Quick Guide to Using the Activity and Volume Orderflow Profile
🛠 Add the Indicator: Add the indicator to your favorites. Customize settings like profile type, lookback period, and resolution to fit your trading style.
📊 Market Analysis: Use the profile to identify areas of high buying or selling pressure. In "Comparison" mode, look for significant volume differences; in "Net Order Flow" mode, focus on net volume changes. Additionally, you can use the activity heatmap to find key levels that can act as support and resistance as price is likely to react to the zones as indicated by the heatmap.
How it Works:
The indicator operates by first gathering data on high and low prices, as well as buy and sell volumes, over a user-defined lookback period. It then calculates the maximum and minimum prices during this period and divides this range into bins based on the chosen resolution. For each bin, it computes the total volume of buy and sell orders. In "Comparison" mode, it displays side-by-side boxes representing buy and sell volumes, while in "Net Order Flow" mode, it shows the net volume difference. The indicator visually presents these profiles on the chart with customizable colors, transparency levels, and the option to display a heatmap for enhanced volume activity insights.
Maximize your trading with the Activity and Volume Orderflow Profile from AlgoAlpha! 🚀✨
Smart Money Liquidity Heatmap [AlgoAlpha]🌟📈 Introducing the Smart Money Liquidity Heatmap by AlgoAlpha! 🗺️🚀
Dive into the depths of market liquidity with our innovative Pine Script™ indicator designed to illuminate the trading actions of smart money! This meticulously crafted tool provides an enhanced visualization of liquidity flow, highlighting the dynamics between smart and retail investors directly on your chart! 🌐🔍
🙌 Key Features of the Smart Money Liquidity Heatmap:
🖼️ Visual Clarity: Uses vibrant heatmap colors to represent liquidity concentrations, making it easier to spot significant trading zones.
🔧 Customizable Settings: Adjust index periods, volume flow periods, and more to tailor the heatmap to your trading strategy.
📊 Dynamic Ratios: Computes the ratio of smart money to retail trading activity, providing insights into who is driving market movements.
👓 Transparency Options: Modify color intensity for better visibility against various chart backgrounds.
🛠 How to Use the Smart Money Liquidity Heatmap:
1️⃣ Add the Indicator:
Add the indicator to favourites. Customize settings to align with your trading preferences, including periods for index calculation and volume flow.
2️⃣ Market Analysis:
Monitor the heatmap for high liquidity zones signalled by the heatmap. These are potential areas where smart money is actively engaging, providing crucial insights into market dynamics.
Basic Logic Behind the Indicator:
The Smart Money Liquidity Heatmap utilizes the Smart Money Interest Index Indicator and operates by differentiating between the trading behaviors of informed (smart money) and less-informed (retail) traders. It calculates the differences between specific volume indices—Positive Volume Index (PVI) for retail investors and Negative Volume Index (NVI) for institutional players—and their respective moving averages, highlighting these differences using the Relative Strength Index (RSI) over user-specified periods. This calculation generates a ratio that is then normalized and compared against a threshold to identify areas of high institutional trading interest, visually representing these zones on your chart as vibrant heatmaps. This enables traders to visually identify where significant trading activities among smart money are occurring, potentially signalling important buying or selling opportunities.
🎉 Elevate your trading experience with precision, insight, and clarity by integrating the Smart Money Liquidity Heatmap into your toolkit today!
Rolling Point of Control (POC) [AlgoAlpha]Enhance your trading decisions with the Rolling Point of Control (POC) Indicator designed by AlgoAlpha! This powerful tool displays a dynamic Point of Control based on volume or price profiles directly on your chart, providing a vivid depiction of dominant price levels according to historical data. 🌟📈
🚀 Key Features:
Profile Type Selection: Choose between Volume Profile and Price Profile to best suit your analysis needs.
Adjustable Lookback Period: Modify the lookback period to consider more or less historical data for your profile.
Customizable Resolution and Scale: Tailor the resolution and horizontal scale of the profile for precision and clarity.
Trend Analysis Tools: Enable trend analysis with the option to display a weighted moving average of the POC.
Color-Coded Feedback: Utilize color gradients to quickly identify bullish and bearish conditions relative to the POC.
Interactive Visuals: Dynamic rendering of profiles and alerts for crossing events enhances visual feedback and responsiveness.
Multiple Customization Options: Smooth the POC line, toggle profile and fill visibility, and choose custom colors for various elements.
🖥️ How to Use:
🛠 Add the Indicator:
Add the indicator to favorites and customize settings like profile type, lookback period, and resolution to fit your trading style.
📊 Market Analysis:
Monitor the POC line for significant price levels. Use the histogram to understand price distributions and locate major market pivots.
🔔 Alerts Setup:
Enable alerts for price crossing over or under the POC, as well as for trend changes, to stay ahead of market movements without constant chart monitoring.
🛠️ How It Works:
The Rolling POC indicator dynamically calculates the Point of Control either based on volume or price within a user-defined lookback period. It plots a histogram (profile) that highlights the level at which the most trading activity has occurred, helping to identify key support and resistance levels.
Basic Logic Overview:
- Data Compilation: Gathers high, low, and volume (if volume profile selected) data within the lookback period.
- Histogram Calculation: Divides the price range into bins (as specified by resolution), counting hits in each bin to find the most frequented price level.
- POC Identification: The price level with the highest concentration of hits (or volume) is marked as the POC.
- Trend MA (Optional): If enabled, the indicator plots a moving average of the POC for trend analysis.
By integrating the Rolling Point of Control into your charting toolkit, you can significantly enhance your market analysis and potentially increase the accuracy of your trading decisions. Whether you're day trading or looking at longer time frames, this indicator offers a detailed, customizable perspective on market dynamics. 🌍💹
Blockunity Level Presets (BLP)A simple tool for setting performance targets.
Level Presets (BLP) is a simple tool for setting upside and downside levels relative to the current price of any asset. In this way, you can track which price the asset needs to move towards in order to achieve a defined performance.
How to Use
This indicator is very easy to use, you can set up to 5 upward and downward targets in the parameters.
Elements
The main elements of this tool are upward (default green) and downward (default red) levels.
Settings
Several parameters can be defined in the indicator configuration.
In addition to configuring which performance value to set the level at, you can choose not to display it if you don't need it. For example, here we display only two levels:
You can also choose not to display the labels:
Also concerning labels, you can choose not to display them in currency format, but in numerical format only (for example, if you're viewing a non-USD pair, such as ETHBTC):
Finally, you can modify design elements such as colors, level widths and text size:
How it Works
Here's how upside (_u) and downside (_d) levels are calculated:
source = close
level_1_u = source + (source * (level_1 / 100))
level_1_d = math.max(source - (source * (level_1 / 100)), 0)
Key Levels | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Key Levels indicator! This indicator allows you to see the key levels on the current chart such as previous day lows / highs, pre-market data, yesterday's close, today's open, pivot points, and much more! It's highly user-friendly with every line being individually customizable and having a wide range of text options.
Features of the new Key Levels indicator :
Today & Yesterday High, Low, Open & Close
Previous 3-10th Day Highs & Lows
Pre-Market Highs & Lows
Previous Month High & Low
High & Low Pivots
Combination Of Same Levels
Wide Customization Options
📌 HOW DOES IT WORK ?
Key levels are important areas in a chart where a significant reaction is expected. In this indicator, you can enable up to the previous 10 days highs and lows, yesterday's close / today's open, and the latest pivot points. Key levels generally act like support & resistance. Here are a few examples :
As shown, key levels play an important role determining the current trend and can be useful in identifying potential levels where the market will reverse or breakout.
🚩UNIQUENESS
1. More Key Levels
We believe that past key levels may be as important as current ones. Some of the key-levels indicators do not include them even though strong reactions can happen around them. Thus, our indicator let's you check up to 10 days backwards.
You can select the ones you think that are the most important and just enable them, making the indicator customizable to your liking.
2. Pre-Market Data
With assets that have pre-market data available, it's crucial to analyze it to have a better understanding of the market in regular trading hours. Our indicator will plot pre-market highs and lows, even if your chart is in the regular trading hours only mode. We believe this will be helpful with your analyzing process.
3. Combination
The indicator can dynamically combine same key levels, so you can have a clear look to the chart without lines & text colliding with each other. This would also help you determine stronger key levels as if a key level occured more than a time, it could be a sign that it's a stronger one. An example :
To summarize, using key levels is an essential skill while detecting zones where strong reactions are expected. This indicator provides up to 10 day's high and low levels, and all of them can be individually turned on / off. Traders that believe older key levels can be important and want to look at the whole picture may use this feature. Also for assets that have pre-market data available, the indicator provides pre-market levels as well. Besides all that, High & Low pivots will provide latest key levels so traders can use them in their decisions.
⚙️SETTINGS
1. General Configuration
You can enable / disable :
1. Today's High / Low / Open
2. Yesterday's High / Low / Close
3. 3th-10th Day High / Low
4. Pre-Market High / Low
5. Previous Month High / Low
You can also change the colors and switch their line styles between solid, dashed and dotted.
2. High & Low Pivots
Enabled -> Enable / Disable High & Low Pivots
Pivot Range -> The range used in the detection of pivot points. Larger values will result in less pivot points, while smaller values will provide more pivot points. This essentially determines how many bars to the right & left shouldn't exceed the pivot's high or low.
You can also change the text color and text size of the pivots from the settings.
3. Style settings
Text Offset -> How many bars of offset should the texts have to the right. Increase if text collides with bars while Align Labels option is set to "Right".
Extend Lines -> If enabled, lines will be extended infinitely to right & left. If disabled, all lines will be clamped in their timelines.
Show Line Values -> If enabled, line information text will contain their price.
Align Labels ->
Right = Align line labels to right.
Center = Line labels will always be at the center of the screen.
PinBar and Bloom Pattern Concept (Zeiierman)█ Overview
The Precision PinBar and Bloom Pattern Concept by Zeiierman introduces two new patterns, which we call the Bloom Pattern and the Precision PinBar Pattern. These patterns are used in conjunction with market open, high, and low values from different periods and timeframes. Together, they form the basis of the "PinBar and Bloom Pattern Concept." The main idea is to identify key bullish and bearish candlestick patterns around key levels plotted on the chart.
The key levels are the Open, High, and Low from the current and previous periods of the selected timeframe. Users can choose how many previous periods to be drawn on the chart.
█ How It Works
The indicator operates by analyzing market data over selected timeframes. It uses inputs such as previous period open-high-low lines, timeframe selections, and pattern detection settings like Symmetry Precision and Range Threshold. These parameters allow the indicator to identify specific market conditions, including symmetrical movements in price and significant price range deviations, which form the basis of the Bloom and Precision PinBar patterns.
Symmetry Signal:
Purpose: To detect symmetry in price movements based on a precision threshold.
How It Works: This function calculates the symmetry of high and low prices within the specified precision. It returns two boolean values indicating whether the high and low prices are within the symmetry precision.
BaselineBound Pattern:
Purpose: To identify bullish or bearish patterns based on a range factor.
How It Works: The function calculates whether the current close price is within a certain range of the high-low difference of the previous period. It returns bullish and bearish signals based on these calculations.
█ ● Bloom Pattern
The Bloom Pattern is a unique candlestick pattern designed to identify significant trend reversals or continuations. It's not a single candlestick formation but a combination of a few elements that signal a potential strong move in the market.
⚪ Previous and Current Candle Analysis: The Bloom Pattern looks at the relationship between the current candle and the previous one. It checks whether the current candle's body (the range between its opening and closing prices) fully encompasses the body of the previous candle. This condition is known as "embodying."
⚪ Baseline Bound: The Baseline Bound concept involves comparing the closing price to a range established by the high and low of the previous candle, adjusted by a factor (the rangeFactor). This helps in identifying if the current price is showing a bullish or bearish tendency relative to the previous period's price movement.
⚪ Symmetry Signal: Additionally, it uses the Symmetry Signal, which measures the symmetry between the high and low prices of two consecutive candles.
⚪ Bullish and Bearish Signals: The combination of these conditions (embodying, baseline bound, and symmetry) results in either a bullish or bearish signal. A bullish signal suggests a potential upward trend, while a bearish signal indicates a possible downward trend.
█ ● Precision PinBar Pattern
The Precision PinBar Pattern is a refined version of the traditional Pin Bar, a well-known candlestick pattern used in trading. This pattern focuses on identifying market reversals with a high degree of accuracy.
⚪ Identification of Pin Bars: The function first identifies a pin bar, characterized by a small body and a long wick. The long wick indicates a rejection of certain price levels, and the small body shows little change between the opening and closing prices.
⚪ Tail and Body Length Analysis: The script calculates the length of the bar's tail (wick) and compares it to the length of the body. A qualifying pin bar typically has a tail at least three times longer than its body, suggesting a strong rejection of prices.
⚪ Positioning and Thresholds:
Open-Close Position: The function checks whether the opening and closing prices are within a certain threshold of the high or low of the bar, which helps in distinguishing between bullish and bearish pin bars.
⚪ Baseline Bound and Symmetry: Like the Bloom Pattern, it incorporates Baseline Bound and Symmetry Signal concepts to validate the significance of the pin bar.
⚪ Bullish and Bearish Signals: Depending on these factors, a bullish or bearish pin bar is identified. A bullish PinBar suggests potential upward price movement, while a bearish PinBar indicates possible downward price movement.
█ How to Use
Using the Bloom and Precision PinBar patterns in conjunction with key market levels, such as previous highs and lows, can be a powerful strategy for traders. These market levels often act as significant points of support and resistance, and combining them with the patterns can offer strong trade signals. Here's how traders can effectively utilize these patterns:
Identifying Key Market Levels
Previous Highs and Lows: These are the highest and lowest points reached in previous trading periods and are often considered strong levels of resistance (in the case of previous highs) and support (in the case of previous lows).
Using the Bloom Pattern
Near Previous Highs (Resistance): If a Bloom Pattern emerges near a previous high, it could indicate a potential bearish reversal. Traders might interpret this as a signal to consider short positions, especially if the pattern shows bearish characteristics.
Near Previous Lows (Support): Conversely, a bullish Bloom Pattern near a previous low could suggest a trend reversal to the upside. This could be a signal for traders to consider long positions.
Using the Precision PinBar Pattern
Precision PinBar at Resistance: A bearish Precision PinBar appearing near a previous high can be a strong signal for a potential downward move. This setup is often used by traders to enter short positions, anticipating a price rejection at this resistance level.
Precision PinBar at Support: Similarly, a bullish Precision PinBar at or near a previous low suggests that the market is rejecting lower prices, indicating potential upward momentum. This is typically used by traders as a cue to go long.
█ Settings
Previous Open-High-Low Lines: Determine the number of historical periods to analyze. Settings include toggling the visibility of lines and labels and specifying the number of periods.
Timeframe & Current Period: Select the timeframe for current market analysis. Options include different timeframes (e.g., 1H, 1D) and customization of line styles and colors.
Pattern Settings: Adjust the Symmetry Precision and Range Threshold to fine-tune the indicator's sensitivity to specific market movements.
Bloom & Precision PinBar Pattern: Enable or disable the detection of specific patterns and customize the visual representation of these patterns on the chart.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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, backtest, 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/Algos/Systems are only for educational purposes!
XAU/USD Key levels by PB TradingWorldIndicator: XAU/USD Key Levels by PB TradingWorld
Version: 1.0
This is a Trading note for XAU/USD Traders. PB believes that Market Makers will try to protect the Key levels on chart, especially those around Swing High and Swing Low. Therefore, the indicator will show where the noticeable prices. It is displayed as follows:
Key Levels (Round Numbers):
H4 candle = 1 Trading Session
D1 candle = 1 Trading Day
W1 candle = 1 Trading Week
MN1 Canlde = 1 Trading Month
D2 Candle = The last 2 Trading Days
D3 Canlde = The last 3 Trading Days
FOREXCOM:XAUUSD
AI Moving Average (Expo)█ Overview
The AI Moving Average indicator is a trading tool that uses an AI-based K-nearest neighbors (KNN) algorithm to analyze and interpret patterns in price data. It combines the logic of a traditional moving average with artificial intelligence, creating an adaptive and robust indicator that can identify strong trends and key market levels.
█ How It Works
The algorithm collects data points and applies a KNN-weighted approach to classify price movement as either bullish or bearish. For each data point, the algorithm checks if the price is above or below the calculated moving average. If the price is above the moving average, it's labeled as bullish (1), and if it's below, it's labeled as bearish (0). The K-Nearest Neighbors (KNN) is an instance-based learning algorithm used in classification and regression tasks. It works on a principle of voting, where a new data point is classified based on the majority label of its 'k' nearest neighbors.
The algorithm's use of a KNN-weighted approach adds a layer of intelligence to the traditional moving average analysis. By considering not just the price relative to a moving average but also taking into account the relationships and similarities between different data points, it offers a nuanced and robust classification of price movements.
This combination of data collection, labeling, and KNN-weighted classification turns the AI Moving Average (Expo) Indicator into a dynamic tool that can adapt to changing market conditions, making it suitable for various trading strategies and market environments.
█ How to Use
Dynamic Trend Recognition
The color-coded moving average line helps traders quickly identify market trends. Green represents bullish, red for bearish, and blue for neutrality.
Trend Strength
By adjusting certain settings within the AI Moving Average (Expo) Indicator, such as using a higher 'k' value and increasing the number of data points, traders can gain real-time insights into strong trends. A higher 'k' value makes the prediction model more resilient to noise, emphasizing pronounced trends, while more data points provide a comprehensive view of the market direction. Together, these adjustments enable the indicator to display only robust trends on the chart, allowing traders to focus exclusively on significant market movements and strong trends.
Key SR Levels
Traders can utilize the indicator to identify key support and resistance levels that are derived from the prevailing trend movement. The derived support and resistance levels are not just based on historical data but are dynamically adjusted with the current trend, making them highly responsive to market changes.
█ Settings
k (Neighbors): Number of neighbors in the KNN algorithm. Increasing 'k' makes predictions more resilient to noise but may decrease sensitivity to local variations.
n (DataPoints): Number of data points considered in AI analysis. This affects how the AI interprets patterns in the price data.
maType (Select MA): Type of moving average applied. Options allow for different smoothing techniques to emphasize or dampen aspects of price movement.
length: Length of the moving average. A greater length creates a smoother curve but might lag recent price changes.
dataToClassify: Source data for classifying price as bullish or bearish. It can be adjusted to consider different aspects of price information
dataForMovingAverage: Source data for calculating the moving average. Different selections may emphasize different aspects of price movement.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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, backtest, 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/Algos/Systems are only for educational purposes!
Previous OHLC Levels [TradeMaster Lite]In trading, the “Previous Open/High/Low/Close” (or previous OHLC) refers to the opening, high, low and closing price of the instrument in the previous period. These prices are typically used in technical analysis to identify trends and patterns and to make trading decisions. Some traders may also use the differences between the opening, high, low and closing prices to make trading decisions. For example, the difference between the closing and opening price (the so-called “true body”) and the high and low price (the so-called “upper shadow” and “lower shadow”) can indicate the strength of a trend, whether the bulls or bears are controlling the market, and can also give an idea of market volatility, and are also used as support and resistance levels.
Previous Open: shows the opening price of the previous period. It's the price at which the market first started trading in that period.
Previous High: represents the highest price reached during the previous period. It can act as a resistance level for the current period.
Previous Low: indicates the lowest price hit during the previous period. It can serve as a support level in the current period.
Previous Close: the last price at which the asset traded during the previous period. It's often considered the most accurate reflection of the market sentiment at the end of that period.
These values provide a summary of the previous trading period's price action, giving you a baseline for comparing current price movements. They can help in understanding the market's direction and identifying potential support and resistance levels. It is important to keep in mind that, like any other technical indicator, Previous OHLC does not give a definitive indication of future market direction and should be used in conjunction with other analytical tools, as well as fundamental analysis and market sentiment. It is also important to have appropriate risk management in place.
👉 General advice
Confirming Signals with other indicators:
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management:
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators:
The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation.
Keep in Mind:
Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach.
Limitations:
This is a lagging indicator. Please note that the displayed values are delayed by the chosen timeframe on historical bars and show the values from the previous period on the current bar.
The indicators within the TradeMaster Lite package aim for simplicity and efficiency, while retaining their original purpose and value. Some settings, functions or visuals may be simpler than expected.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
ThiccZonesThis indicator is a formula that includes 4 different zones which are different sizes based on the ticker you decide to use. It was optimized for SPY and other market ETFs but works well for all stocks on the market. The formula puts a zone at the previous day's high and low, and the previous 5 day's high and low. These zones are meant to be used as support and resistance and can even overlap, creating a 'master zone'. This is different than other zone indicators because the formula for these zones is something I created myself and have been unable to find on here. I have had the most success using a 1-15 minute chart and using my zones for reversal areas. I often look for other indications of reversal as well that line up with the area of the zones. It can also be used on the break and retest of these zones. I have found that when a stock breaks one of these zones it will often retest and continue that trend.
AIO Key LevelsAll In One Key Levels - Displays key levels for any type of chart.
Over 30 levels at your complete disposal.
Filled with a host of features that allow you to customise the appearance and display of the indicator to suit your individual trading style.
The result is a clear and concise indicator that helps traders easily identify key levels.
- The indicator is easy to use and does not need a detailed description.
- With customisable input parameters such as display style, line style, font style, offset, threshold and index.
- The colours for the key levels can also be customised.
- The script uses a 'switch' function and selected input parameters to set display, line and font styles.
- The key levels are constructed using the data received and the selected styles and colours.
- A unique cycle helps to improve the readability of the levels without "polluting" the graph with multiple labels
- In addition, I have left hints in the indicator to help you understand it better.
For Pine coders.
Why did I create it when there are many counterparts?
Simply because counterparts have very large and complex code and modest functionality and flex.
Here I have managed to fit it into 100 lines still readable.
You can learn how to call lots of lines and marks with just one function.
I also created a unique loop that connects labels if they are too close together for better visibility on a plot.
I have left detailed comments for each action.
I would be glad if someone could tell me how to make it more easier.
Opening Range, Initial Balance, Opening PriceThis script draws Opening Range, Initial Balance and Opening Price with options to show mid levels.
By default, lines changes color depending on whether closing price is above or below the lines. Red if price is below, green if price is above.
Colors and line styles are all configurable.
Options to change label positions.
Some definitions:
Opening Range - The opening range is high and low for a given period after the market opens. This period is generally the first 30 or 60 minutes of trading
Initial Balance - WRT to TPO profile chart, the Initial Balance is the price range resulting from the market’s trade during the first two 30 minute periods of the regular trading hours session.
Why is this useful?
The first hour of the trading day is the most active and dynamic period. The price range defined by this period of trading creates some key support / resistance levels for the rest of the day. Example below:
BTMM OFJ FOR BEST RESULTS PLEASE SWITCH TO LINE CHART OR DISABLE THE CHART CANDLES. BELOW IS A LINE WITH OPACITY TURNED DOWN TO 15%
ASIA, LONDON, AND NEW YORK SESSIONS CAN BE CUSTOMIZED (1ST 3 HRS DEFAULT)
VOLUME CANDLES CAN BE APPLIED WITH SUPPLY AND DEMAND OR MARKET MAKER METHOD. IN A STRONG TREND YOU WANT TO SEE REPEATED HIGH VOLUME CLUSTERS IN THE DIRECTION OFTHE TREND AND FADING LOW VOLUME ON THE RETRACE
BASICK KEY LEVELS WEEKLY INITIAL BALANCE (MONDAY+TUESDAY HIGHEST HIGH AND LOWEST LOW) YESTERDAY AND LASY WKHI/LO
QUICK APPLICATON
