4Hour Zone SeparatorThis custom TradingView indicator draws vertical lines on your chart to visually separate the 4-hour trading zones within a single trading day. The indicator helps traders identify key time intervals throughout the day for better market analysis and decision-making.
Features:
• Time-Based Zones: The indicator divides the day into six distinct 4-hour periods, starting from midnight (00:00) and continuing every 4 hours. Each zone is marked by a vertical line on the chart.
• User Customization: You can toggle the visibility of the lines for each 4-hour period (00:00, 04:00, 08:00, 12:00, 16:00, 20:00) based on your preference. This allows you to focus on specific zones that matter most for your analysis.
• Line Styling Options: Choose from three different line styles — Solid, Dashed, or Dotted — and adjust the thickness to your desired preference.
• Dynamic Time Adjustment: The indicator automatically adjusts for the time zone, ensuring that the 00:00 timestamp reflects the correct start of the day based on your chart’s time zone.
How It Works:
1. The indicator starts by calculating the beginning of the day at 00:00, then it sequentially places vertical lines every 4 hours.
2. Each line is color-coded for easy identification, and the lines stretch from the highest to the lowest point on the chart for that range.
3. The lines are drawn only when the chart enters a new 4-hour zone.
This tool is especially useful for day traders who want to track price action during specific times of the day and make informed decisions based on market behavior within each 4-hour period.
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Volume Zones Internal Visualizer [LuxAlgo]The Volume Zones Internal Visualizer is an alternate candle type intended to reveal lower timeframe volume activity while on a higher timeframe chart.
It displays the candle's range, the highest and lowest zones of accumulated volume throughout the candle, and the Lower Timeframe (LTF) candle close, which contained the most volume in the session (Candle Session).
🔶 USAGE
The indicator is intended to be used as its own independent candle type. It is not a replacement for traditional candlesticks; however, it is recommended that you hide the chart's display when using this indicator. Another option is to display this indicator in an additional pane alongside the normal chart, as displayed above.
The display consists of candle ranges represented by outlined boxes, within the ranges you will notice a transparent-colored zone, a solid-colored zone, and a line.
Each of these displays different points of volume-related information from an analysis of LTF data.
In addition to this analysis, the indicator also locates the LTF candle with the highest volume, and displays its close represented by the line. This line is considered as the "Peak Activity Level" (PAL), since throughout the (HTF) candle session, this candle's close is the outcome of the most volume transacted at the time.
We are further tracking these PALs by continuing to extend them into the future, looking towards them for potential further interaction. Once a PAL is crossed, we are removing it from display as it has been mitigated.
🔶 DETAILS
The indicator aggregates the volume data from each LTF candle and creates a volume profile from it; the number of rows in the profile is determined by the "Row Size" setting.
With this profile, it locates and displays the highest (solid area) and lowest (transparent area) volume zones from the profile created.
🔶 SETTINGS
Row Size: Sets the number of rows used for the calculation of the volume profile based on LTF data.
Intrabar Timeframe: Sets the Lower Timeframe to use for calculations.
Show Last Unmitigated PALs: Choose how many Unmitigated PALs to extend.
Style: Toggle on and off features, as well as adjust colors for each.
HTF Candle Range Box (Fixed to HTF Bars)### **Higher Timeframe Candle Range Box (HTF Box Indicator)**
This indicator visually highlights the price range of the most recently closed higher-timeframe (HTF) candle, directly on a lower-timeframe chart. It dynamically adjusts based on the user-selected HTF setting (e.g., 15-minute, 1-hour) and ensures that the box is displayed only on the bars that correspond to that specific HTF candle’s duration.
For instance, if a trader is on a **1-minute chart** with the **HTF set to 15 minutes**, the indicator will draw a box spanning exactly 15 one-minute candles, corresponding to the previous 15-minute HTF candle. The box updates only when a new HTF candle completes, ensuring that it does not change mid-formation.
---
### **How It Works:**
1. **Retrieves Higher Timeframe Data**
The script uses TradingView’s `request.security` function to pull **high, low, open, and close** values from the **previously completed HTF candle** (using ` ` to avoid repainting). It also fetches the **high and low of the candle before that** (using ` `) for comparison.
2. **Determines Breakout Behavior**
It compares the **last closed HTF candle** to the **one before it** to determine whether:
- It **broke above** the previous high.
- It **broke below** the previous low.
- It **broke both** the high and low.
- It **stayed within the previous candle’s range** (no breakout).
3. **Classifies the Candle & Assigns Color**
- **Green (Bullish)**
- Closes above the previous candle’s high.
- Breaks below the previous candle’s low but closes back inside the previous range **if it opened above** the previous high.
- **Red (Bearish)**
- Closes below the previous candle’s low.
- Breaks above the previous candle’s high but closes back inside the previous range **if it opened below** the previous low.
- **Orange (Neutral/Indecisive)**
- Stays within the previous candle’s range.
- Breaks both the high and low but closes inside the previous range without a clear bias.
4. **Box Placement on the Lower Timeframe**
- The script tracks the **bar index** where each HTF candle starts on the lower timeframe (e.g., every 15 bars on a 1-minute chart if HTF = 15 minutes).
- It **only displays the box on those bars**, ensuring that the range is accurately reflected for that time period.
- The box **resets and updates** only when a new HTF candle completes.
---
### **Key Features & Advantages:**
✅ **Clear Higher Timeframe Context:**
- The indicator provides a structured way to analyze HTF price action while trading in a lower timeframe.
- It helps traders identify **HTF support and resistance zones**, potential **breakouts**, and **failed breakouts**.
✅ **Fixed Box Display (No Mid-Candle Repainting):**
- The box is drawn **only after the HTF candle closes**, avoiding misleading fluctuations.
- Unlike other indicators that update live, this one ensures the trader is looking at **confirmed data** only.
✅ **Flexible Timeframe Selection:**
- The user can set **any HTF resolution** (e.g., 5min, 15min, 1hr, 4hr), making it adaptable for different strategies.
✅ **Dynamic Color Coding for Quick Analysis:**
- The **color of the box reflects the market sentiment**, making it easier to spot trends, reversals, and fake-outs.
✅ **No Clutter – Only Applies to the Relevant Bars:**
- Instead of spanning across the whole chart, the range box is **only visible on the bars belonging to the last HTF period**, keeping the chart clean and focused.
---
### **Example Use Case:**
💡 Imagine a trader is scalping on the **1-minute chart** but wants to factor in **HTF 15-minute structure** to avoid getting caught in bad trades. With this indicator:
- They can see whether the last **15-minute candle** was bullish, bearish, or indecisive.
- If it was **bullish (green)**, they may look for **buying opportunities** at lower timeframes.
- If it was **bearish (red)**, they might anticipate **a potential pullback or continuation down**.
- If the **HTF candle failed to break out**, they know the market is **ranging**, avoiding unnecessary trades.
---
### **Final Thoughts:**
This indicator is a **powerful addition for traders who combine multiple timeframes** in their analysis. It provides a **clean and structured way to track HTF price movements** without cluttering the chart or requiring constant manual switching between timeframes. Whether used for **intraday trading, swing trading, or scalping**, it adds an extra layer of confirmation for trade entries and exits.
🔹 **Best for traders who:**
- Want **HTF structure awareness while trading lower timeframes**.
- Need **confirmation of breakouts, failed breakouts, or indecision zones**.
- Prefer a **non-repainting tool that only updates after confirmed HTF closes**.
Let me know if you want any adjustments or additional features! 🚀
Dynamic 200 EMA with Trend-Based ColoringDescription:
This script plots the 200-period Exponential Moving Average (EMA) and dynamically changes its color based on the trend direction. The script helps traders quickly identify whether the price is above or below the 200 EMA, which is widely used as a long-term trend indicator.
How It Works:
The script calculates the 200 EMA based on the closing price.
If the price is above the EMA, it suggests a bullish trend, and the EMA line turns green.
If the price is below the EMA, it suggests a bearish trend, and the EMA line turns red.
An optional background color is added to enhance visual clarity, highlighting the current trend direction.
Use Cases:
Trend Confirmation: Helps traders determine if the overall trend is bullish or bearish.
Support and Resistance: The 200 EMA is often used as dynamic support/resistance.
Entry & Exit Signals: Traders can use crossovers with the 200 EMA as potential trade signals.
This script is designed for traders looking for a simple yet effective way to incorporate trend visualization into their charts. It is fully open-source and can be customized to fit individual trading strategies.
Advanced 1-Minute Open Range Breakout IndicatorThis indicator is designed for the market on a 1-minute chart. It calculates the open range based on the first 5 minutes after the market open (09:30 – 09:35) and plots the high and low of this period as the daily resistance and support levels respectively. Additionally, the indicator displays the previous day’s high and low as blue horizontal lines, providing extra reference levels.
Trade signals are generated only during the active trading session (09:35 – 16:00). The advanced trade logic works as follows:
• For long entries:
- When the price first breaks above the open range high, the indicator enters a “breakout” state.
- If the price then retraces to (or below) the open range high, it moves to a “retest” state.
- Finally, if the price breaks above the open range high again, a long signal is issued.
• For short entries:
- When the price first breaks below the open range low, the indicator enters a “breakdown” state.
- If the price then retraces to (or above) the open range low, it moves to a “retest” state.
- Finally, if the price breaks below the open range low again, a short signal is issued.
All signals and the open range lines are only displayed during the trading session (09:35 to 16:00).
Use this indicator to help identify high-probability breakout setups in the early part of the trading day.
EMA & Bollinger BandsThis indicator combines three main functionalities into a single script:
1. Exponential Moving Average (EMA):
- Purpose: Calculates and plots the EMA of a chosen price source.
- Inputs:
- EMA Length: The period for the EMA calculation.
- EMA Source: The price series (such as close) used for the EMA.
- EMA Offset: Allows shifting the EMA line left or right on the chart.
- Output: A blue-colored EMA line plotted on the chart.
2. Smoothing MA on EMA:
- Purpose: Applies a secondary moving average (MA) on the previously calculated EMA. There is also an option to overlay Bollinger Bands on this smoothed MA.
- Inputs:
- Smoothing MA Type: Options include "None", "SMA", "SMA + Bollinger Bands", "EMA", "SMMA (RMA)", "WMA", and "VWMA".
- Selecting "None" disables this feature.
- Choosing "SMA + Bollinger Bands" will additionally plot Bollinger Bands around the smoothed MA.
- Smoothing MA Length: The period used to calculate the smoothing MA.
- BB StdDev for Smoothing MA: The standard deviation multiplier for the Bollinger Bands (applies only when "SMA + Bollinger Bands" is selected).
- Calculation Details:
- The chosen MA type is applied to the EMA value.
- If Bollinger Bands are enabled, the script computes the standard deviation of the EMA over the smoothing period, multiplies it by the specified multiplier, and then plots an upper and lower band around the smoothing MA.
- Output:
- A yellow-colored smoothing MA line.
- Optionally, green-colored upper and lower Bollinger Bands with a filled background if the "SMA + Bollinger Bands" option is selected.
3. Bollinger Bands on Price:
- Purpose: Independently calculates and plots traditional Bollinger Bands based on a moving average of a selected price source.
- Inputs:
- BB Length: The period for calculating the moving average that serves as the basis of the Bollinger Bands.
- BB Basis MA Type: The type of moving average to use (options include SMA, EMA, SMMA (RMA), WMA, and VWMA).
- BB Source: The price series (such as close) used for the Bollinger Bands calculation.
- BB StdDev: The multiplier for the standard deviation used to calculate the upper and lower bands.
- BB Offset: Allows shifting the Bollinger Bands left or right on the chart.
- Calculation Details:
- The script computes a basis line using the selected MA type on the chosen price source.
- The standard deviation of the price over the specified period is then multiplied by the provided multiplier to determine the distance for the upper and lower bands.
- Output:
- A basis line (typically drawn in a blue tone), an upper band (red), and a lower band (teal).
- The area between the upper and lower bands is filled with a semi-transparent blue background for easier visualization.
---
How It Works Together
- Integration:
The script is divided into clearly labeled sections for each functionality. All parts are drawn on the same chart (overlay mode enabled), providing a comprehensive view of market trends.
- Customization:
Users can adjust parameters for the EMA, the smoothing MA (and its optional Bollinger Bands), as well as the traditional Bollinger Bands independently. This allows for flexible customization depending on the trader's strategy or visual preference.
- Utility:
Combining these three analyses into one indicator enables traders to view:
- The immediate trend via the EMA.
- A secondary smoothed trend that might help reduce noise.
- A volatility measure through Bollinger Bands on both the price and the smoothed EMA.
---
This combined indicator is useful for technical analysis by providing both trend-following (EMA and smoothing MA) and volatility indicators (Bollinger Bands) in one streamlined tool.
Grids lines"Líneas de Grid para Análisis Técnico"
Este indicador dibuja líneas de grid (rejilla) en el gráfico de precios, lo que puede ayudar a visualizar zonas de soporte, resistencia y niveles de interés en un rango de precios determinado.
Características:
Precio Mínimo y Máximo: Configura los precios entre los cuales se dibujarán las líneas de grid.
Número de Grids: Establece cuántas líneas de grid quieres ver en el gráfico.
Color y Grosor de las Líneas: Personaliza los colores y el grosor de las líneas de grid, incluyendo la primera y la última línea.
Estilo de las Líneas: Puedes elegir entre líneas discontinuas (Dotted) o sólidas (Solid), para personalizar aún más tu visualización.
Ticker Específico: Si lo deseas, puedes elegir un ticker específico para dibujar las líneas solo cuando el gráfico esté mostrando ese activo. De lo contrario, las líneas se dibujarán en el gráfico actual.
Parámetros:
Precio Mínimo: El precio más bajo para el rango del grid (por ejemplo: 0.82).
Precio Máximo: El precio más alto para el rango del grid (por ejemplo: 1.24).
Número de Grids: Define cuántas líneas quieres entre el precio mínimo y el máximo (por ejemplo: 30).
Estilo de Línea: Elige entre Dotted (líneas discontinuas) o Solid (líneas sólidas).
Ticker: Si deseas dibujar las líneas solo para un ticker específico, ingresa el símbolo del ticker (por ejemplo, ADAUSDT). Si dejas este campo vacío, las líneas se dibujarán en el gráfico actual.
Ejemplo de Uso:
Si estás analizando el par ADAUSDT, puedes escribir ADAUSDT en el campo del ticker para que las líneas solo se dibujen cuando este par esté visible. Si dejas el campo vacío, las líneas se dibujarán en cualquier ticker que tengas en el gráfico.
Descripción en Inglés:
"Grid Lines for Technical Analysis"
This indicator draws grid lines on the price chart, helping to visualize support, resistance, and key levels within a specific price range.
Features:
Min and Max Price: Set the price range for the grid lines to be drawn.
Number of Grids: Choose how many grid lines you want to display on the chart.
Line Color and Thickness: Customize the color and thickness of the grid lines, including the first and last line.
Line Style: Choose between Dotted (dashed lines) or Solid (solid lines) to further customize your view.
Specific Ticker: If desired, you can specify a ticker for the grid lines to only be drawn when that asset is shown. Otherwise, the lines will be drawn on the current chart.
Parameters:
Min Price: The lowest price for the grid range (for example, 0.82).
Max Price: The highest price for the grid range (for example, 1.24).
Number of Grids: Defines how many lines you want between the minimum and maximum price (for example, 30).
Line Style: Choose between Dotted or Solid.
Ticker: To draw the lines only for a specific ticker, enter the symbol of the ticker (for example, ADAUSDT). If left blank, the lines will be drawn on the current ticker.
Usage Example:
If you're analyzing the pair ADAUSDT, you can enter ADAUSDT in the ticker field to draw the lines only when that pair is visible. If you leave the field blank, the lines will be drawn for any ticker currently on the chart.
RoGr75 Adaptive EMA CrossDescription:
The RoGr75 Adaptive EMA Cross indicator dynamically combines exponential moving averages (EMAs) with ATR-based volatility buffers to generate buy and sell signals across multiple timeframes. This script uses customizable settings for short and long EMAs, ATR, and volume filters, ensuring that signals are both volatility-adjusted and timeframe-aware. It includes features such as adaptive buffers, distinct price level filters for buying and selling, and a reset mechanism to prevent redundant signals. Additionally, the indicator manages signal labels efficiently to keep your chart uncluttered.
Warning:
This script is provided for testing and educational purposes only. It is not intended as financial advice, and past performance does not guarantee future results. Use at your own risk. Always conduct your own research before making any trading decisions.
Higher Timeframe Input: Choose a specific timeframe for the indicator’s calculations; leave blank to use the chart’s current timeframe.
Signal Distance: Sets the distance of signal labels from the candles as a multiple of the ATR.
Exact Value Offset: Adjusts the secondary marker’s position for precision on the chart.
ATR Length: Defines the period used to calculate the Average True Range for volatility measurement.
EMA Lengths: Specify the periods for the short and long exponential moving averages.
Buy/Sell Buffer ATR Multipliers: Dynamically adjust the trigger distance beyond the EMA crossovers based on volatility.
Price Level Filter: Activates a filter so that buy signals only occur above a set price and sell signals only occur below that price (0 disables the filter).
Volume Filter: Optionally requires current volume to exceed a set multiple of a 20-period average for signal confirmation.
Reset Period: Resets the last signal memory after a specified number of bars to avoid suppressing valid repeat signals.
EMA Colors & Line Width: Customize the appearance of the short and long EMAs.
Label Colors & Styles: Choose colors, text colors, and styles for the buy and sell signal labels.
Background Highlighting: Optionally colors the background when a buy or sell signal occurs.
Label Management: Automatically removes the oldest labels when a set maximum is reached to keep the chart clean.
Alerts: Predefined conditions allow you to set TradingView alerts when buy or sell signals are generated.
Warning: This indicator is for testing purposes only and is not financial advice. Use it at your own risk.
Percentage Retracement from ATH█ OVERVIEW
The Percentage Retracement from ATH indicator is a dynamic trading utility designed to help traders gauge market pullbacks from the peak price. By calculating key retracement levels based on the All-Time High (ATH) and user‑defined percentage inputs, it offers clear visual cues to assist in identifying potential support and resistance zones.
█ KEY FEATURES
Custom Date — Use a custom start date so the indicator only considers specified price action.
Retracement Calculation — Determines ATH and calculates levels based on user‑defined percentages (0% to –100%).
Visual Customisation — Plots configurable horizontal lines and labels showing retracement percentages and prices.
Time Filtering — Uses time filtering to base levels on the desired data period.
█ PURPOSE
Assist traders in visualising the depth of price retracements from recent or historical peaks.
Identify critical zones where the market may find support or resistance after reaching an ATH.
Facilitate more informed entry and exit decisions by clearly demarcating retracement levels on the chart.
█ IDEAL USERS
Swing Traders — Looking to exploit pullbacks following strong upward moves.
Technical Analysts — Interested in pinpointing key retracement levels as potential reversal or continuation points.
Price Action Traders — Focused on the nuances of market peaks and subsequent corrections.
Strategy Developers — Keen to backtest and refine approaches centred on retracement dynamics.
RoGr75 - EMA 50/8 Cross With Buy/Sell Signals RoGr75 - EMA 50/8 Cross With Buy/Sell Signals
---
**Overview:**
This script is designed to generate **Buy** and **Sell** signals based on the crossover and crossunder of two Exponential Moving Averages (EMAs): **EMA 8** (green line) and **EMA 50** (blue line). The signals are plotted at a user-defined distance from the candles, ensuring clear visibility and adaptability to market volatility.
---
**Key Features:**
1. **EMA Cross Signals**:
- A **Buy Signal** is generated when the **EMA 8** crosses above the **EMA 50**.
- A **Sell Signal** is generated when the **EMA 8** crosses below the **EMA 50**.
2. **Variable Signal Distance**:
- The distance of the Buy and Sell signals from the candles is controlled by a **user-defined input** (`signal_distance`).
- The distance is calculated using the **Average True Range (ATR)** to adapt to market volatility.
3. **Customizable Parameters**:
- `signal_distance`: Adjust the distance of the signals from the candles (default: 2.0).
- ATR period: Fixed at 14 but can be modified in the script.
4. **Visual Enhancements**:
- Buy signals are displayed as green labels below the candles.
- Sell signals are displayed as red labels above the candles.
- Optional background highlighting for Buy and Sell signals.
---
**How It Works:**
- The script calculates the **EMA 8** and **EMA 50** and plots them on the chart.
- When a crossover or crossunder occurs, a label is placed at a distance determined by the formula:
- **Buy Signal Position**: `low - (signal_distance * ATR(14))`
- **Sell Signal Position**: `high + (signal_distance * ATR(14))`
- The signals are clearly visible and adapt to the volatility of the asset.
---
**Input Parameters:**
- `signal_distance` (type: input float): Controls the distance of the Buy and Sell signals from the candles. Default value is `2.0`.
---
**Usage:**
1. Add the script to your chart in TradingView.
2. Adjust the `signal_distance` input to set the desired distance of the signals from the candles.
3. Monitor the Buy and Sell signals generated by the script for potential trading opportunities.
---
**Example:**
- If `signal_distance` is set to `2.0`, the Buy signal will appear **2x ATR** below the candle's low, and the Sell signal will appear **2x ATR** above the candle's high.
---
**Customization:**
- Modify the ATR period or replace it with a fixed value for static distance.
- Adjust the colors, styles, and sizes of the labels and EMAs to suit your preferences.
---
**Ideal For:**
- Traders looking for a simple and effective EMA crossover strategy.
- Users who want customizable signal placement for better visibility.
- Those who prefer volatility-adjusted signal distances.
---
**Note:**
This script is for educational and informational purposes only. Always backtest and validate strategies before using them in live trading.
Buy/Sell Break and RetestThis script is a Pine Script indicator for TradingView titled **"Buy/Sell Break and Retest"**. Here's a description of its functionality:
### Purpose:
The script identifies potential **buy** and **sell entry levels** based on break-and-retest patterns in the market. It works by analyzing higher timeframe data (e.g., 1-hour) and marking entries on a lower timeframe (e.g., 1-minute).
### Key Features:
1. **Configurable Timeframes**:
- `Analysis Timeframe`: Used for identifying break-and-retest signals (default: 1-hour).
- `Entry Timeframe`: Used for marking and plotting entries (default: 1-minute).
2. **Buy and Sell Signals**:
- A **sell entry** is triggered when a bearish candle (close < open) is identified in the analysis timeframe.
- A **buy entry** is triggered when a bullish candle (close > open) is identified in the analysis timeframe.
3. **Retest Logic**:
- For sell signals: The retest is validated when the price breaks below the identified sell level.
- For buy signals: The retest is validated when the price breaks above the identified buy level.
4. **Visual Indicators**:
- Entry levels are marked with labels:
- **Buy Entry**: Green labels are placed at bullish candle opens.
- **Sell Entry**: Red labels are placed at bearish candle closes.
- Plots the levels for easy reference:
- **Sell Level**: Displayed as red circles on the chart.
- **Buy Level**: Displayed as green circles on the chart.
5. **Dynamic Updates**:
- Levels are cleared when invalidated by the price action.
### Use Case:
This indicator helps traders spot break-and-retest opportunities by:
- Allowing higher timeframe analysis to determine trend direction and key levels.
- Providing actionable buy and sell entry points on lower timeframes for precision.
Let me know if you'd like further clarification or improvements!
Auto Fibonacci LinesThis TradingView script is a modded version of the library called "VisibleChart" created by Pinecoder.
This version has the option for users to change the Fibonacci lines and price labels. This makes the script user-friendly.
Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel after a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. This study automatically draws horizontal lines that are used to determine possible support and resistance levels.
It's designed to automatically plot Fibonacci retracement levels on chart, aiding in technical analysis for traders.
First, the highest and lowest bars on the chart are calculated. These values are used for Fibonacci extensions.
These values update as traders scroll or zoom their charts, this shows that it is a useful indicator that can dynamically calculate and draw visuals on visible bars only.
Bearish Gap Down DetectionThis indicator is designed to identify bearish gap downs in price action and visually mark them on your chart. A gap down occurs when today's opening price is below the previous day's low, and the closing price remains below that low, signaling a potential bearish continuation or reversal.
Features:
Precise Gap Down Detection: Identifies only confirmed bearish gap downs, avoiding false signals.
Clear Visual Markers: Marks detected gap downs with a red downward triangle above the bar for easy identification.
Minimalist Design: Focuses solely on gap down detection, without any reliance on moving averages or additional noise.
Use Cases:
Trend Reversals: Spot potential downward trends as they develop.
Momentum Confirmation: Use alongside other indicators or strategies to confirm bearish momentum.
Swing Trading Opportunities: Ideal for traders looking to capitalize on significant price movements.
How It Works:
The script detects a gap down when:
Today's opening price is below the previous day's low.
Today's closing price stays below the previous day's low.
When these conditions are met, the indicator plots a red triangle above the price bar, signaling a bearish gap down.
Best Practices:
Apply this script to daily or higher timeframes for more reliable results.
Combine it with other indicators, such as support/resistance levels or volume analysis, for enhanced decision-making.
Doji Double Top & Double Bottom
FUNCTION :
This indicator checks if 2 consecutive candlesticks are formed in such a way that both the lows or both the highs of the consecutive candlesticks are almost at the same level and either of them is a doji
TIMEFRAMES :
it works on daily, weekly, monthly and higher timeframes
CRITERIA :
There is maximum difference value between 2 consecutive candlesticks' lows or 2 consecutive candlesticks' highs
Minimum value of the doji's wick size
Maximum value of the doji's body size
These 3 conditions need to be fulfilled for the 2 consecutive candlesticks to be considered as a Double top or Double bottom by this indicator
EXAMPLES :
Here the indicator is giving only double Bottom signals on CRUDE OIL chart
Here the indicator is giving only double top signals on GOLD chart
Here the indicator gives both double top & double bottom signals on EUR/USD Daily chart
Here the indicator is giving both double top & double bottom signals on EUR/USD Half-Yearly chart
DEFINITIONS :
There are 2 types -
DOJI DOUBLE BOTTOM - if the lows of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Bottom and market is supposed to go higher after forming it.
DOJI DOUBLE TOP - if the highs of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Top and market is supposed to go lower after forming it.
SETTINGS :
There are options to change the value of each of the 3 parameters within the indicator's settings for daily, weekly & monthly chart [
LIMITATIONS :
You should not trade based on the signals from this indicator solely, you should check other parameters too before making trading decision
Falcon Liquidity Grab StrategyHow to Use This Script for Commodities and Indices
Best Timeframes: Start with 15-minute charts but test on higher timeframes like 1 hour for indices.
Risk Settings: Adjust the stop_loss_points and take_profit_multiplier to match the volatility of the chosen instrument.
EBL - Enigma BOS LogicThe EBL - Enigma BOS Logic indicator is designed to detect key trend reversal points with precision by leveraging a unique concept based on two-candle price action analysis. Inspired by the balance of pairs in creation, this indicator identifies trend changes by focusing on significant bullish and bearish candle pairs, storing key levels, and waiting for confirmation to provide actionable trade signals. It goes beyond conventional trend-following indicators by offering real-time alerts and clear visual cues for traders.
How It Works
Bullish Setup:
The indicator identifies a bullish candle followed by a bearish candle. It then stores the high of the bullish candle as a potential reversal level.
A bullish confirmation occurs when a future bullish candle closes above the stored high. When this happens:
A green arrow is plotted below the confirming candle.
A horizontal green line is drawn at the stored high level, extending forward by a user-defined number of bars.
An alert is triggered to notify the trader of a confirmed bullish trend.
Bearish Setup:
The indicator identifies a bearish candle followed by a bullish candle. It stores the low of the bearish candle as a potential reversal level.
A bearish confirmation occurs when a future bearish candle closes below the stored low. When this happens:
A red arrow is plotted above the confirming candle.
A horizontal red line is drawn at the stored low level, extending forward by a user-defined number of bars.
An alert is triggered to notify the trader of a confirmed bearish trend.
Touch or Cross Alerts:
In addition to initial trend confirmation, the indicator tracks price movements relative to the drawn horizontal lines.
If the price returns to touch or cross a previously drawn horizontal line, an alert is triggered, indicating a potential re-entry or retracement opportunity.
Customization Options
To make the indicator versatile and adaptable for different trading styles, several customization options are provided:
Line Colors: Traders can customize the colors of the bullish and bearish lines.
Show/Hide Arrows and Lines: Users can choose whether to display the arrows and horizontal lines on the chart.
Line Length: The length of the horizontal lines (number of bars they extend into the future) is user-defined, offering flexibility based on trading timeframes and preferences.
Use Cases
Trend Reversal Detection: EBL is ideal for identifying key trend reversals, allowing traders to enter trades with a high probability of success.
Breakout Confirmation: The indicator provides visual and alert-based confirmation of breakouts beyond critical support or resistance levels.
Re-entry Opportunities: With alerts for price touching or crossing horizontal lines, traders can spot potential re-entry points during retracements.
Conceptual Foundation
The methodology behind this indicator is rooted in the principle that markets often move in pairs of bullish and bearish forces. By tracking the interaction between consecutive bullish and bearish candles and waiting for clear confirmations, this indicator ensures that only high-probability trend changes are signaled. This reduces noise and enhances trading accuracy, making it suitable for scalping, day trading, and swing trading across various timeframes.
How to Use
Apply the indicator to any chart and timeframe of your choice.
Set your preferred customization options, including line colors, arrow display, and line length.
Watch for arrows and listen for alerts to identify confirmed trend changes.
Pay attention to touch or cross alerts on horizontal lines, as these can signal potential re-entry or secondary trade opportunities.
Combine with other analysis: While EBL is powerful on its own, combining it with support/resistance analysis, moving averages, or volume indicators can further enhance its effectiveness.
This indicator is a powerful tool for traders seeking precision in identifying trend changes and actionable trade signals. Its unique logic, real-time alerts, and clear visual cues make it a valuable addition to any trader’s toolkit.
CandelaCharts - Swing Failure Pattern (SFP)# SWING FAILURE PATTERN
📝 Overview
The Swing Failure Pattern (SFP) indicator is designed to identify and highlight Swing Failure Patterns on a user’s chart. This pattern typically emerges when significant market participants generate liquidity by driving price action to key levels. An SFP occurs when the price temporarily breaks above a resistance level or below a support level, only to quickly reverse and return within the previous range. These movements are often associated with stop-loss hunting or liquidity grabs, providing traders with potential opportunities to anticipate reversals or key market turning points.
A Bullish SFP occurs when the price dips below a key support level, triggering stop-loss orders, but then swiftly reverses upward, signaling a potential upward trend or reversal.
A Bearish SFP happens when the price spikes above a key resistance level, triggering stop-losses of short positions, but then quickly reverses downward, indicating a potential bearish trend or reversal.
The indicator is a powerful tool for traders, helping to identify liquidity grabs and potential reversal points in real-time. Marking bullish and bearish Swing Failure Patterns on the chart, it provides clear visual cues for spotting market traps set by major players, enabling more informed trading decisions and improved risk management.
📦 Features
Bullish/Bearish SFPs
Styling
⚙️ Settings
Length: Determines the detection length of each SFP
Bullish SFP: Displays the bullish SFPs
Bearish SFP: Displays the bearish SFPs
Label: Controls the size of the label
⚡️ Showcase
Bullish
Bearish
Both
📒 Usage
The best approach is to combine a few complementary indicators to gain a clearer market perspective. This doesn’t mean relying on the Golden Cross, RSI divergences, SFPs, and funding rates simultaneously, but rather focusing on one or two that align well in a given scenario.
The example above demonstrates the confluence of a Bearish Swing Failure Pattern (SFP) with an RSI divergence. This combination strengthens the signal, as the Bearish SFP indicates a potential reversal after a liquidity grab, while the RSI divergence confirms weakening momentum at the key level. Together, these indicators provide a more robust setup for identifying potential market reversals with greater confidence.
🚨 Alerts
This script provides alert options for all signals.
Bearish Signal
A bearish signal is triggered when a Bearish SFP is formed.
Bullish Signal
A bullish signal is triggered when a Bullish SFP is formed.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Center of Candle Trendline### **Center of Candle Trendline**
This script dynamically plots a trendline through the center of each candlestick's body. The "center" is calculated as the average of the open and close prices for each candle. The trendline updates in real-time as new candles form, providing a clean and straightforward way to track the market's midline movement.
#### **Features:**
1. **Dynamic Trendline:** The trendline connects the center points of consecutive candlestick bodies, giving a clear visual representation of price movements.
2. **Accurate Center Calculation:** The center is determined as `(open + close) / 2`, ensuring the trendline reflects the true midpoint of each candlestick body.
3. **Real-Time Updates:** The trendline updates automatically as new bars form, keeping your chart up to date with the latest price action.
4. **Customization-Ready:** Adjust the line’s color, width, or style easily to fit your chart preferences.
#### **How to Use:**
- Add this script to your chart to monitor the price movement relative to the center of candlestick bodies.
- Use the trendline to identify trends, reversals, or price consolidation zones.
#### **Applications:**
- **Trend Analysis:** Visualize how the market trends around the center of candlesticks.
- **Reversal Identification:** Detect potential reversal zones when the price deviates significantly from the trendline.
- **Support and Resistance Zones:** Use the trendline as a dynamic support or resistance reference.
This tool is perfect for traders who want a clean and minimalistic approach to tracking price action. Whether you're a beginner or an experienced trader, this script provides valuable insights without overwhelming your chart.
#### **Note:**
This is not a standalone trading strategy but a visual aid to complement your analysis. Always combine it with other tools and techniques for better trading decisions.
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Feel free to tweak this description based on your preferences or style!
Enhanced SMA Strategy with Trend Lines & S&R by DaxThe Enhanced SMA Strategy with Trend Lines & Support/Resistance (S&R) by Dax indicator is a technical analysis tool designed to improve trading decisions by combining the simplicity of the Simple Moving Average (SMA) with the insight provided by trend lines and support/resistance levels. This hybrid approach aims to create a more robust and reliable trading strategy.
Key Components:
Simple Moving Average (SMA):
SMA is a basic trend-following indicator that calculates the average of a set of price data over a specified period. It helps identify the direction of the market, such as whether an asset is in an uptrend or downtrend.
The Enhanced SMA Strategy may use multiple SMAs, such as short-term (e.g., 20-period) and long-term (e.g., 50-period), to detect crossovers that signal buy or sell opportunities. For example, a bullish crossover occurs when a short-term SMA crosses above a long-term SMA, indicating a potential buying signal, while a bearish crossover signals a potential sell.
Trend Lines:
Trend lines are drawn on the price chart to visually identify the direction of the market, acting as dynamic support and resistance levels. A trend line is drawn by connecting two or more price points that demonstrate the overall price movement.
Trend lines can help traders see potential breakout or breakdown points. A price breaking above a downtrend line or below an uptrend line often signals a trend reversal.
Support and Resistance (S&R):
Support levels are price levels where an asset tends to find buying interest and stop falling, while Resistance levels are points where selling pressure emerges and prevent the price from rising further.
These levels are critical in determining where price reversals or consolidations are likely to occur. Enhanced S&R indicators can automatically identify these levels and draw horizontal lines at these critical points on the chart.
Combining S&R with SMA can help traders decide whether a breakout or bounce is likely at these levels, increasing the odds of a successful trade.
How It Works:
Trend Identification: The SMA is used to determine the trend direction. A rising SMA indicates an uptrend, while a falling SMA suggests a downtrend.
Signal Generation: The strategy often uses a combination of SMA crossovers (bullish or bearish) along with the confirmation of price action near trend lines and support/resistance levels. For example:
If a price breaks above resistance and the short-term SMA crosses above the long-term SMA, a buy signal is confirmed.
Conversely, if the price breaks below support and the short-term SMA crosses below the long-term SMA, a sell signal is given.
Dynamic Support/Resistance: Trend lines are drawn automatically or manually to spot areas where price might reverse. The Enhanced SMA Strategy checks if the price is close to these levels, providing a more precise entry/exit point based on the broader market context.
Advantages of the Enhanced SMA Strategy with Trend Lines & S&R:
Improved Accuracy: By combining trend-following (SMA) with key levels like trend lines and S&R, the strategy filters out false signals, leading to more reliable trade setups.
Trend Confirmation: The use of trend lines and S&R confirms the broader market context, reducing the risk of trading against the trend or entering at weak price points.
Flexible: This strategy can be applied to various timeframes, from short-term day trading to longer-term swing trading.
Visual Clarity: The combination of trend lines, S&R, and moving averages provides a clear and visually intuitive strategy for identifying key price levels and trend shifts.
How to Use It:
Draw Trend Lines: Identify the most recent price peaks and troughs to draw trend lines, marking the potential resistance and support levels.
Use SMAs: Apply two different-period SMAs to detect the trend (e.g., 20-period and 50-period). Pay attention to crossovers for buy/sell signals.
Watch for Breakouts or Reversals: Monitor how the price behaves at support or resistance levels and the trend lines. A price move beyond these levels, accompanied by a confirming SMA crossover, can signal a strong trade opportunity.
Conclusion:
The Enhanced SMA Strategy with Trend Lines & S&R by Dax is a powerful, multi-layered approach to technical analysis. It enhances the basic SMA strategy by incorporating additional tools like trend lines and support/resistance levels, which help traders make more informed decisions with higher accuracy. This method is suitable for both novice and experienced traders, offering clear trade signals while reducing the risk of false entries.
Dual Spectrum RSI [CHE]Dual Spectrum RSI Indicator
Introduction
The Dual Spectrum RSI Indicator is an innovative and robust tool designed for traders aiming to enhance their market analysis and trading precision. This script leverages multi-timeframe analysis, advanced RSI configurations, and customizable visualization options to provide actionable insights for both trend-following and contrarian strategies.
Key Features
1. Dynamic Timeframe Selection
- Automatically adapts the resolution based on the current chart's timeframe.
- Options to switch between Auto Timeframe, Multiplier-based Timeframe, or Manual Resolution for complete control.
2. Advanced RSI Calculations
- Dual RSI setup for multi-layered analysis:
- Primary RSI for trend identification on the higher timeframe (HTF).
- Secondary RSI for entry signals with oversold/overbought crossovers on the current chart timeframe.
3. EMA Integration on Higher Timeframe (HTF)
- The Exponential Moving Average (EMA) acts as a robust trend filter, calculated on the Higher Timeframe (HTF).
- This ensures that trade signals align with the broader market trend, providing a strategic edge and reducing noise from lower timeframes.
4. Signal Clarity
- Visual labels for Buy and Sell signals directly on the chart.
- Dynamic stop-loss suggestions that adjust based on EMA crossovers and trend changes.
5. Customizable Visualization
- Gradient fills for overbought/oversold zones provide intuitive visual cues.
- User-friendly inputs for adjusting separator lines, color schemes, and label styles.
6. Comprehensive Data Display
- Real-time updates in an Info Box, showing active timeframe settings and resolution.
- Easy-to-understand trend conditions, making it accessible for both novice and professional traders.
Benefits for Traders
1. Precision in Decision-Making
The multi-timeframe capability ensures that traders always have the broader market context, minimizing false signals and enhancing trade accuracy.
2. Flexibility and Customization
Fully adjustable parameters allow traders to tailor the indicator to their unique trading style, whether scalping, day trading, or swing trading.
3. Enhanced Market Insights
By combining HTF trend filters, RSI dynamics, and EMA thresholds, this indicator provides a holistic view of market conditions.
4. User-Friendly Interface
The clean layout and intuitive options make it easy to integrate this tool into any TradingView setup.
5. Increased Confidence in Trades
With visual aids such as labels, gradients, and a trend-detection mechanism, traders can make decisions with greater confidence and less emotional bias.
Example Use Cases
1. Trend-Following Strategy
- Utilize the HTF EMA filter to confirm bullish or bearish trends.
- Enter trades when the secondary RSI crosses oversold/overbought levels in the direction of the trend.
2. Reversal Strategy
- Identify overextended trends using RSI crossovers.
- Look for counter-trend opportunities with precise stop-loss placements.
3. Scalping Setup
- Switch to intraday timeframes and use the multiplier-based resolution to capture short-term market movements.
How to Use
1. Add the script to your TradingView chart by pasting the provided Pine Script code into the Pine Editor.
2. Adjust the Timeframe Type, RSI parameters, and EMA length to align with your trading goals.
3. Monitor the generated signals and use them in conjunction with your broader trading strategy.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Conclusion
The Dual Spectrum RSI Indicator is not just another technical tool—it's a comprehensive trading companion that adapts to your needs, simplifies market analysis, and boosts your trading performance. Whether you're a beginner or a seasoned trader, this indicator provides the edge you need to succeed in today's dynamic markets.
Try It Today!
Experience the power of multi-timeframe analysis and take your trading to the next level. Add the Dual Spectrum RSI Indicator to your TradingView arsenal now!
Best regards
Chervolino
Logarithmic IndicatorThis logarithmic indicator does the following:
It calculates the logarithm of the chosen price (default is close price) using a user-defined base (default is 10).
It then calculates a Simple Moving Average (SMA) of the logarithmic values.
Both the logarithmic value and its SMA are plotted on the chart.
To improve visibility, it also plots an upper and lower band based on the highest and lowest values over the last 100 periods.
To use this indicator:
Open the TradingView Pine Editor.
Paste the code into the editor.
Click "Add to Chart" or "Save" to apply the indicator to your chart.
Adjust the input parameters in the indicator settings as needed.
You can customize this indicator further by:
Changing the color scheme
Adding more moving averages or other technical indicators
Implementing alerts based on crossovers or other conditions
Remember, logarithmic scales are often used in finance to visualize data that spans several orders of magnitude, making it easier to see percentage changes over time.
Edufx AMD~Accumulation, Manipulation, DistributionEdufx AMD Indicator
This indicator visualizes the market cycles using distinct phases: Accumulation, Manipulation, Distribution, and Reversal. It is designed to assist traders in identifying potential entry points and understanding price behavior during these phases.
Key Features:
1. Phases and Logic:
-Accumulation Phase: Highlights the price range where market accumulation occurs.
-Manipulation Phase:
- If the price sweeps below the accumulation low, it signals a potential "Buy Zone."
- If the price sweeps above the accumulation high, it signals a potential "Sell Zone."
-Distribution Phase: Highlights where price is expected to expand and establish trends.
-Reversal Phase: Marks areas where the price may either continue or reverse.
2. Weekly and Daily Cycles:
- Toggle the visibility of Weekly Cycles and Daily Cycles independently through the settings.
- These cycles are predefined with precise timings for each phase, based on your selected on UTC-5 timezone.
3. Customizable Appearance:
- Adjust the colors for each phase directly in the settings to suit your preferences.
- The indicator uses semi-transparent boxes to represent the phases, allowing easy visualization without obstructing the chart.
4. Static Boxes:
- Boxes representing the phases are drawn only once for the visible chart range and do not dynamically delete, ensuring important consistent reference points.
SMA Trend Spectrum [InvestorUnknown]The SMA Trend Spectrum indicator is designed to visually represent market trends and momentum by using a series of Simple Moving Averages (SMAs) to create a color-coded spectrum or heatmap. This tool helps traders identify the strength and direction of market trends across various time frames within one chart.
Functionality:
SMA Calculation: The indicator calculates multiple SMAs starting from a user-defined base period (Starting Period) and increasing by a specified increment (Period Increment). This creates a sequence of moving averages that span from short-term to long-term perspectives.
Trend Analysis: Each segment of the spectrum compares three SMAs to determine the market's trend strength: Bullish (color-coded green) when the current price is above all three SMAs. Neutral (color-coded purple) when the price is above some but not all SMAs. Bearish (color-coded red) when the price is below all three SMAs.
f_col(x1, x2, x3) =>
min = ta.sma(src, x1)
mid = ta.sma(src, x2)
max = ta.sma(src, x3)
c = src > min and src > mid and src > max ? bull : src > min or src > mid or src > max ? ncol : bear
Heatmap Visualization: The indicator plots these trends as a vertical spectrum where each row represents a different set of SMAs, forming a heatmap-like display. The color of each segment in the heatmap directly correlates with market conditions, providing an intuitive view of market sentiment.
Signal Smoothing: Users can choose to smooth the trend signal using either a Simple Moving Average (SMA), Exponential Moving Average (EMA), or leave it as raw data (Signal Smoothing). The length of smoothing can be adjusted (Smoothing Length). The signal is displayed in a scaled way to automatically adjust for the best visual experience, ensuring that the trend is clear and easily interpretable across different chart scales and time frames
Additional Features:
Plot Signal: Optionally plots a line representing the average trend across all calculated SMAs. This line helps in identifying the overall market direction based on the spectrum data.
Bar Coloring: Bars on the chart can be colored according to the average trend strength, providing a quick visual cue of market conditions.
Usage:
Trend Identification: Use the heatmap to quickly assess if the market is trending strongly in one direction or if it's in a consolidation phase.
Entry/Exit Points: Look for shifts in color patterns to anticipate potential trend changes or confirmations for entry or exit points.
Momentum Analysis: The gradient from bearish to bullish across the spectrum can be used to gauge momentum and potentially forecast future price movements.
Notes:
The effectiveness of this indicator can vary based on market conditions, asset volatility, and the chosen SMA periods and increments.
It's advisable to combine this tool with other technical indicators or fundamental analysis for more robust trading decisions.
Disclaimer: Past performance does not guarantee future results. Always use this indicator as part of a broader trading strategy.