VWAP 2.0 with desv + Initial Balance by RiotWolftrading🌟 Overview
This powerful tool is designed for traders who want to harness the power of the Volume Weighted Average Price (VWAP) alongside session-based ranges to make informed trading decisions. Whether you're a day trader or a swing trader, this indicator provides a clean and effective way to identify support, resistance, and market trends—all in one place! 💡
✨ Key Features
Auto-Anchored VWAP 📊
Automatically calculates the VWAP based on a user-defined anchor period (e.g., Daily, Weekly, Monthly).
Resets at the start of each period (e.g., daily for a Daily anchor).
Displays a customizable VWAP line with standard deviation bands to highlight key price levels.
Standard Deviation Bands 📏
Plots up to three sets of standard deviation bands above and below the VWAP (multipliers: 1.0, 2.0, 3.0).
Includes volume percentage labels to show where trading volume is concentrated. 📉
Session High/Low Range 🕒
Identifies the high and low prices within a customizable session (default: 12:00 to 15:31).
Draws horizontal lines at the session high and low, with dotted deviation lines for additional reference points.
Perfect for spotting key levels during your trading session! 🔑
Time-Based Range Box ⏰
Highlights a specific time window (default: 15:40 to 15:50) with a colored box showing the high and low prices.
Ideal for tracking price action during high-impact events like news releases or market opens. 📅
Alerts 🚨
Set up alerts for when the price crosses above or below the VWAP—never miss a potential trading opportunity!
⚙️ Settings
Customize the indicator to fit your trading style with these easy-to-use settings:
VWAP Settings
Timezone 🌍: Select your timezone (default: GMT+2) to align calculations with your local time.
VWAP Source 📈: Choose the price source for VWAP (default: hlc3 - average of high, low, close).
Std Deviation Multipliers 📐: Adjust the multipliers for the bands (default: 1.0, 2.0, 3.0).
Line Width ✏️: Set the thickness of the VWAP and band lines (default: 1).
Session Time ⏳: Define the session window for VWAP calculations (default: 08:00-18:00, all days).
Show Upper/Lower Bands 👀: Toggle visibility for each set of bands (default: Band 1 visible, Bands 2 & 3 hidden).
Range Settings
Range Start/End Time 🕙: Set the time window for the range box (default: 15:40 to 15:50).
Box Color 🎨: Customize the border color (default: blue).
Box Background Color 🖌️: Adjust the background color (default: light aqua, 90% transparency).
I created this indicator to provide a streamlined, clutter-free tool for traders who rely on VWAP and session-based analysis. It focuses on the essentials—VWAP, standard deviation bands, session high/low, and range box—without unnecessary overlays. I hope it helps you in your trading journey! If you have feedback or suggestions, feel free to share—I’d love to hear from you! 😊
Wyszukaj w skryptach "horizontal line"
Average Entry Price Calculator# Average Entry Price Calculator
This powerful indicator helps you track your average entry price across multiple positions, displaying it clearly on your chart with customizable lines and labels.
## Features:
• Calculate average entry price for up to 5 different positions
• Display current price and profit/loss calculations
• Show percentage and absolute change from your average entry
• Customizable line styles, colors, and label positions
• Track your entry prices with clear visual references
## How It Works:
Enter your position details (entry price and amount in USDT), and the indicator will calculate your average entry price, displaying it as a horizontal line on your chart. The indicator also shows your individual entry prices as separate lines, making it easy to visualize your overall position.
## Perfect For:
• DCA (Dollar-Cost Averaging) strategies
• Position tracking across multiple entries
• Risk management and profit taking
• Visualizing entry zones on your chart
## Instructions:
1. Add the indicator to your chart
2. Enter your position details (price and amount)
3. Customize the visual appearance as needed
4. Use the displayed average entry line for decision making
All calculations are done locally in your browser - no sensitive data is transmitted or stored.
Enjoy more informed trading decisions with this essential position tracking tool!
RSI SiaThis script is a custom indicator for TradingView written in Pine Script version 5. It calculates the Relative Strength Index (RSI) and uses it to generate trading signals. Here's a breakdown of what the script does:
Key Features:
RSI Calculation:
The script calculates the RSI using a 14-period window.
It also calculates the momentum of the RSI over a 9-period window (rsi delta) and a simple moving average (SMA) of the RSI over a 3-period window (rsi sma).
Composite Index (CI):
The composite index is calculated as the sum of rsi delta and rsi sma.
Horizontal Lines and Zones:
Several horizontal lines are plotted at different levels (e.g., 20, 40, 60, 80, 120, 150, 180) to indicate overbought and oversold conditions.
Filled zones are created between certain levels to highlight areas of interest.
Moving Averages:
The script plots SMA and EMA of the RSI when Enable RSI ma is set to true.
It also plots moving averages of the composite index.
Crossover Signals:
The script detects bullish and bearish crossovers between the SMA and EMA of the RSI.
It plots shapes (labels) on the chart to indicate buy (BUY) and sell (SELL) signals based on these crossovers.
Usage:
Enable RSIma: This input allows you to enable or disable the plotting of RSI moving averages.
i1: This variable is used to adjust the vertical position of the composite index and its moving averages.
Visualization:
The RSI is plotted in black.
The RSI fast trigger line (SMA of RSI) is plotted in green when enabled.
The RSI slow trigger line (EMA of RSI) is plotted in orange when enabled.
The composite index and its moving averages are plotted in red, green, and orange.
Buy and sell signals are indicated with green and red labels, respectively.
This script can be used to identify potential trading opportunities based on RSI crossovers and the composite index.
London Session 15-min Range – Clean AEST Timestamp Fix (w/ EMAs)London Session 15-min Range – Clean AEST Timestamp Fix (with EMAs)
What it does:
This script is made for traders who want to track the high and low of the first 15-minute candle of the London session, using AEST (UTC+10) as the time reference. It also plots the 50 EMA and 200 EMA to help identify trend direction.
How it works:
Session Timing:
The London session is defined as starting at 6:00 PM AEST.
The session ends at 2:00 AM AEST the next day.
Detects the first 15 minutes of the London session:
During this time, it records the highest and lowest price.
Draws lines once the 15-minute window is over:
A red horizontal line is drawn at the session high.
A green horizontal line is drawn at the session low.
These lines extend 50 bars into the future.
It only draws these once per day/session.
Includes EMAs:
A 50-period EMA is calculated and plotted in yellow.
A 200-period EMA is calculated and plotted in white.
Why use it:
It helps visualise important price levels from the start of the London session and pairs that with moving averages to spot trends or potential breakouts.
SessionRangeLevels_v0.1SessionRangeLevels_v0.1
Overview:
SessionRangeLevels_v0.1 is a customizable Pine Script (v6) indicator designed to plot key price levels based on a user-defined trading session. It identifies the high and low of the session and calculates intermediate levels (75%, 50% "EQ", and 25%) within that range. These levels are projected forward as horizontal lines with accompanying labels, providing traders with dynamic support and resistance zones. The indicator supports extensive customization for session timing, time zones, line styles, colors, and more.
Key Features:
Session-Based Range Detection: Tracks the high and low prices during a specified session (e.g., 0600-0900) and updates them dynamically as the session progresses.
Customizable Levels: Displays High, 75%, EQ (50%), 25%, and Low levels, each with independent toggle options, styles (Solid, Dashed, Dotted), colors, and widths.
Session Anchor: Optional vertical line marking the session start, with customizable style, color, and width.
Projection Offset: Extends level lines forward by a user-defined number of bars (default: 24) for future price reference.
Labels: Toggleable labels for each level (e.g., "High," "75%," "EQ") with adjustable size (Tiny, Small, Normal, Large).
Time Zone Support: Aligns session timing to a selected time zone (e.g., America/New_York, UTC, Asia/Tokyo, etc.).
Alert Conditions: Triggers alerts when the price crosses any of the plotted levels (High, 75%, EQ, 25%, Low).
Inputs:
Session Time (HHMM-HHMM): Define the session range (e.g., "0600-0900" for 6:00 AM to 9:00 AM).
Time Zone: Choose from options like UTC, America/New_York, Europe/London, etc.
Anchor Settings: Toggle the session start line, adjust its style (default: Dotted), color (default: Black), and width (default: 1).
Level Settings:
High (Solid, Black, Width 2)
75% (Dotted, Blue, Width 1)
EQ/50% (Dotted, Orange, Width 1)
25% (Dotted, Blue, Width 1)
Low (Solid, Black, Width 2)
Each level includes options to show/hide, set style, color, width, and label visibility.
Projection Offset: Number of bars to extend lines (default: 24).
Label Size: Set label size (default: Small).
How It Works:
The indicator detects the start and end of the user-defined session based on the specified time and time zone.
During the session, it tracks the highest high and lowest low, updating the levels in real-time.
At the session start, it plots the High, Low, and intermediate levels (75%, 50%, 25%), projecting them forward.
Lines and labels dynamically adjust as new highs or lows occur within the session.
Alerts notify users when the price crosses any active level.
Usage:
Ideal for traders who focus on session-based strategies (e.g., London or New York open). Use it to identify key price zones, monitor breakouts, or set targets. Customize the appearance to suit your chart preferences and enable alerts for real-time trading signals.
Notes:
Ensure your chart’s timeframe aligns with your session duration for optimal results (e.g., 1-minute or 5-minute charts for short sessions).
The indicator overlays directly on the price chart for easy integration with other tools.
Psych LevelWhat it shows:
This indicator will show a horizontal line at a psychological value which can be user defined. (Psychological values are round numbers, like 10,50,100,1000 and so on...)
At these Psychological value there are often limit orders placed for both buying and selling and can often act as support and resistances.
Therefore it is useful to pre-draw these levels beforehand and this indicator will speed up the process doing so by adjusting few different settings and draw them automatically.
How to use it:
At these Psychological value there are often limit orders placed for both buying and selling and can often act as support and resistances. This is often the case when you look at limit orders at such levels on bookmap or level 2 data.
At these psychological levels it can be set as a target of your trade or as risk levels when taking a trade in either of direction. Obviously this alone shouldn't dictate the trade you should take but can be a valuable info to supplement your trade.
On the chart it is clear to see these psychological level lines are acting as resistances/supports.
Key settings:
Interval: Interval levels will be drawn for, between the minimum and maximum values inputted by the user. Minimum value allowed is 1.
Min. value: Minimum value of Psychological level that will be drawn. Minimum value allowed is 1.
Max value: Maximum value of Psychological level that will be drawn. Minimum value allowed is 1.
Line colour: Colour of line drawn.
Line width: Width of line drawn.
Line style: Style of line drawn, either solid, dotted or dashed.
Label offset: Offset of where where label will be, measured from current bar. Offset of 0 will be drawn at current bar location, any positive number will move to the right by the set amount.
Text Colour: Colour of label text
Text size: Size of label text
Example: Chart here shows setting for minimum value as 100, maximum value as 140 and interval as 5. In this setting lines will be automatically drawn at: 100,105,110,115,120,125,130,145 and 140.
The flexibility of user defined max/min and interval values allows to be accommodated for price with different price tags, including stocks under $10.
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If anything is not clear please let me know!
Supply & Demand Zones (by Wali Afridi)Description:
🚀 This indicator accurately detects Supply & Demand Zones by identifying swing highs and lows. It plots a single clean line for each zone and labels them as "SZ" (Supply Zone) and "DZ" (Demand Zone), ensuring a clear and minimalistic chart.
🔹 Features:
✅ Auto-detects recent Supply & Demand Zones
✅ Plots clean horizontal lines for the latest zones
✅ Displays "SZ" above the supply line & "DZ" below the demand line
✅ No duplicate labels—only one label per zone
✅ Minimal & clutter-free visualization
How to Use:
1️⃣ Add the indicator to your chart
2️⃣ Watch for Supply Zones (SZ) appearing above red lines – These indicate potential resistance areas where price may reverse or consolidate.
3️⃣ Watch for Demand Zones (DZ) appearing below green lines – These indicate strong support areas where price may bounce.
4️⃣ Use with other confirmations (Price Action, SMC, Volume) for better accuracy.
⚠️ Disclaimer:
This script is for educational purposes only and should not be considered financial advice. Always backtest and use risk management before applying it to live trading.
Liquidity Market Seeking SwiftEdgeThis indicator is designed to identify potential liquidity levels on the chart by detecting swing highs and lows, which are often areas where stop-loss orders or significant orders accumulate. It visualizes these levels with horizontal lines and labels on the right side of the chart, color-coded based on volume to help traders understand where the market might seek liquidity.
How It Works
Swing Highs and Lows: The indicator uses the ta.pivothigh and ta.pivotlow functions to identify significant swing points over a user-defined lookback period (Swing Length). These points are considered potential liquidity levels where stop-loss orders might be placed.
Volume Analysis: The indicator compares the volume at each swing point to the average volume over a specified period (Volume Average Length). Levels with above-average volume are colored red, indicating higher liquidity, while levels with below-average volume are colored green.
Liquidity Visualization: Horizontal dashed lines are drawn at each identified level, extending across the chart. Labels on the right side display the estimated liquidity amount (simulated based on volume and a multiplier, Volume Multiplier for Liquidity).
Sell Signal: A "SELL NOW" label appears when the price approaches a liquidity level after an uptrend (detected using a simple moving average crossover). This suggests a potential reversal as the market may target liquidity at that level.
Strategy Concept: Market Seeking Liquidity
The indicator is based on the concept that markets often move toward areas of high liquidity, such as clusters of stop-loss orders or significant order accumulations. These liquidity pools are typically found around swing highs and lows, where traders place their stop-losses or large orders. By identifying these levels and highlighting those with higher volume (red lines), the indicator aims to show where the market might move to "grab" this liquidity. For example, after an uptrend, the market may reverse at a swing high to take out stop-losses above that level, providing liquidity for larger players to enter or exit positions.
Settings
Swing Length: The number of bars to look back for detecting swing highs and lows. Default is 20.
Liquidity Threshold: The price threshold for merging nearby levels to avoid duplicates. Default is 0.001.
Volume Average Length: The period for calculating the average volume to compare against. Default is 20.
Volume Multiplier for Liquidity: A multiplier to scale the volume into a simulated liquidity amount (displayed as "K"). Default is 1000.
Usage Notes
Use this indicator on any timeframe, though it may be more effective on higher timeframes (e.g., 1H, 4H) where swing points are more significant.
Red lines indicate levels with higher volume, suggesting stronger liquidity pools that the market might target.
Green lines indicate levels with lower volume, which may be less significant.
The "SELL NOW" signal is a basic example of how to use liquidity levels for trading decisions. It appears when the price approaches a liquidity level after an uptrend, but it should be used in conjunction with other analysis.
Adjust the Volume Multiplier for Liquidity to scale the displayed liquidity amounts based on your instrument (e.g., forex pairs may need a higher multiplier than indices).
Opening Price Deviations with AlertsOverview
The Timeframe Opening Price Deviations indicator helps traders visualize how price deviates from a key reference point—the opening price of a selected timeframe (Daily, Weekly, or Monthly). It calculates upper and lower deviation levels based on a percentage step and plots these levels on the chart. This can help traders identify potential areas of support and resistance.
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How It Works
Opening Price Reference:
The script retrieves the opening price of the selected timeframe (Daily, Weekly, or Monthly).
Deviation Levels Calculation:
Five upper and lower deviation levels are calculated based on a percentage step input by the user.
Each level is determined by multiplying the opening price by (1 ± step size).
Visualization
The indicator plots the calculated levels as horizontal lines above and below the opening price.
Labels appear only on the latest bar, displaying the exact price level along with its percentage deviation from the opening price.
User has the option to turn on/off or change the bar colours. If price is within the 1st deviation lines that's considered neutral coloured orange as default. If price is above/below the first deviation levels the bar colours will be green or red.
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Potential Use Cases
Support & Resistance Zones 🟢🔴
The deviation levels can act as potential areas where price may reverse or consolidate based on historical price behaviour.
Breakout & Reversion Strategies 📈📉
If price breaks above an upper deviation level, it could indicate momentum continuation.
If price rejects from a level, it might suggest a mean reversion opportunity.
Trend Strength Analysis 🔍
The distance between the price and deviation levels can help traders assess whether a trend is strong (moving away from the opening price) or weak (hovering near the opening price).
Intraday vs. Multi-Timeframe Perspective 🕒
By selecting different timeframes (Daily, Weekly, Monthly), traders can align intraday price movements with higher timeframe reference points for added confluence.
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Customization Options
Timeframe Selection: Choose between Daily, Weekly, or Monthly opening prices.
Deviation Step (%): Adjust the step size to control the spacing between deviation levels.
Colour Bars: User Is able to change the colour of the bars.
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Alerts
This Indicator also has alerts for when price crosses above/below a deviation line. It will tell you the ticker, price and time
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Final Notes
This indicator is purely for technical analysis and should not be used as a standalone trading system. It works best when combined with price action, volume analysis, or other indicators of you're choosing to refine trade decisions.
Happy Trading! 🚀📊
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This explanation is clear, informative, and compliant with TradingView’s House Rules.
Machine Learning + Geometric Moving Average 250/500Indicator Description - Machine Learning + Geometric Moving Average 250/500
This indicator combines password-protected market analysis levels with two powerful Geometric Moving Averages (GMA 250 & GMA 500).
🔒 Password-Protected Custom Levels
Access pre-defined long and short price levels for select assets (crypto, stocks, and more) by entering the correct password in the indicator settings.
Once the correct password is entered, the indicator automatically displays:
Green horizontal lines for long entry zones.
Red horizontal lines for short entry zones.
If the password is incorrect, a warning label will appear on the chart.
📈 Geometric Moving Averages (GMA)
This indicator calculates GMA 250 and GMA 500, two long-term trend-following tools.
Unlike traditional moving averages, GMAs use logarithmic smoothing to better handle exponential price growth, making them especially useful for assets with strong trends (e.g., crypto and tech stocks).
GMA 250 (white line) tracks the medium-term trend.
GMA 500 (gold line) tracks the long-term trend.
⚙️ Customizable & Flexible
Works on multiple assets, including cryptocurrencies, equities, and more.
Adaptable to different timeframes and trading styles — ideal for both swing traders and long-term investors.
This indicator is ideal for traders who want to blend custom support/resistance levels with advanced geometric trend analysis to better navigate both volatile and trending markets.
Machine Learning + IchimokuIchimoku Cloud + Machine Learning Levels is an advanced indicator that merges a classic trend tool with machine-learned supply & demand zones. Combining the two can help traders identify trends and key price zones with greater confidence when both signals align!
How it Works
The Ichimoku Cloud component identifies the trend direction and momentum at a glance – it shows support/resistance areas via its cloud (Kumo) and signals potential trend changes when the Tenkan-sen and Kijun-sen lines cross. Meanwhile, the Machine Learning module analyzes historical price data to project potential support and resistance levels (displayed as horizontal lines) that the algorithm deems significant. By combining these, the script offers a two-layer confirmation: Ichimoku outlines the broader trend and equilibrium, while the ML levels pinpoint specific price levels where the price may react. For example, if price is above the Ichimoku Cloud (uptrend) and also near an ML-predicted support, the confluence of these signals strengthens the case for a bounce.
How to Use
Apply the indicator to a chart like any other TradingView script. It works on multiple asset classes (see supported list below). Once added:
Ichimoku Lines
Tenkan-sen (Blue): Short-term average reflecting recent highs/lows.
Kijun-sen (Red): Medium-term baseline for support/resistance.
Senkou Span A (Green) & Senkou Span B (Orange) form the “Cloud” (Kumo). Price above the Cloud often signals a bullish environment; price below it can signal a bearish environment.
Chikou Span (Purple): Plots current closing price shifted back, helping gauge momentum vs. past price.
ML-Predicted Support/Resistance Lines (Green/Red Horizontal Lines)
Green Horizontal Lines – Potential support zones.
Red Horizontal Lines – Potential resistance zones.
These dynamically adjust based on the specific asset and are updated as new historical data becomes available.
Password (for Advanced Features)
In the indicator’s Settings, there is an input field labeled “Password.” The password corresponds to the ticker(s) listed below.
Stocks
TSLA, NVDA, AAPL, AMZN, PLTR, AMD, META, MSFT, MSTR, GOOG, GME, COIN, NFLX, BABA, UBER, HOOD, NKE
Cryptocurrencies
ETH, BTC, SOL, BNB, XRP, ADA, DOT, DOGE, LTC, JUP, LINK, INJ, FET, SAND, HBAR, TRX, SHIB, UNI
(If you attach the indicator to any unlisted ticker, you will only see the Ichimoku Cloud.)
Why It’s Unique
This script is a fresh take on market analysis – it’s original in fusing Ichimoku’s visual trend mapping with machine learning. The Ichimoku framework provides time-proven trend insight, and the ML levels add forward-looking context specific to each asset. By uniting them, the indicator aims to filter out false signals and highlight high-probability zones. No repainting occurs: Ichimoku values are based on closed data, and ML levels are computed from historical patterns (they do not retroactively change).
Ichimoku Cloud + Machine Learning Levels offers an informative blend of old and new analysis techniques. It clearly shows where price is relative to trend (via Ichimoku) and where it might react in the future (via ML levels). Use it to gain a richer view of the market’s behavior. I hope this indicator provides valuable insights for your trading decisions. Happy trading!
ICT Liquidity Levels [TakingProphets]Overview
This indicator is designed to dynamically identify and display key liquidity levels—areas where market participants are likely to engage. By analyzing price swing points, it highlights potential support and resistance zones that can signal reversals or breakouts. The script distinguishes between buyside and sellside liquidity levels, presenting them with customizable visual cues and labels for immediate clarity.
How It Works
Swing Point Detection:
The indicator uses a pivot-based method (with a configurable “Base Swing Strength”) to detect swing highs and lows. Each detected swing is evaluated for its “swing size” (percentage price movement), and if it exceeds a user-defined threshold, the level is classified as major.
Level Creation and Classification:
Overview
Built on core ICT principles, this indicator identifies key liquidity zones—areas where market imbalances can lead to liquidity sweeps. By dynamically analyzing swing points, it offers traders a real-time view of where liquidity is clustering, allowing for a deeper understanding of market structure. 🚀
How It Works
Swing Point Detection 🔍
• Uses a pivot-based method with a configurable “Base Swing Strength” to detect significant price swings.
• Calculates the swing size (percentage change) to flag zones that exceed the “Major Level Threshold” as major liquidity zones.
Level Creation & Classification 🛠️
• Buyside Liquidity Levels (BSL):
Identified from swing highs, marking zones where buying liquidity clusters.
• Sellside Liquidity Levels (SSL):
Identified from swing lows, highlighting zones of concentrated selling liquidity.
• Each zone is stored with its price, bar index, and classification (major or standard) before being drawn as a horizontal line on the chart.
Dynamic Level Management 🔄
• Extension: Liquidity lines automatically extend from their detection point to the current bar.
• Consolidation: When levels are close in price, the script merges them—updating labels (e.g., “REQH” or “REQL”) to denote unified liquidity zones.
• Traded-Through Detection: Adjusts or removes levels if the market moves beyond them, based on your settings.
• Age-Based Cleanup: Inactive zones are automatically removed after a set number of bars to maintain clarity.
Customization Options ⚙️
Visual Settings:
• Choose from solid, dashed, or dotted line styles and adjust line width.
• Option to display labels with customizable placement (left or right) for optimal clarity.
Color & Opacity:
• Set distinct colors for buyside and sellside liquidity zones.
• Configure opacity for zones that have been traded through, keeping them visible yet de-emphasized.
Detection & Cleanup Parameters:
• Adjust “Base Swing Strength” to control pivot detection sensitivity.
• Set the “Major Level Threshold %” to filter for significant liquidity zones.
• Decide whether to retain or remove zones once price moves through them.
• Define how many bars should pass before inactive zones are automatically deleted.
How to Use 🚀
Apply the Indicator:
Simply add the script to your chart—it automatically detects and marks key liquidity zones based on recent price action.
Adjust Inputs:
Fine-tune parameters like swing strength, threshold percentages, and visual settings to match the asset’s characteristics and your trading strategy.
Interpret the Visuals:
• Major Liquidity Zones:
Highlighted with thicker lines and distinct labels (e.g., “Major BSL/SSL”), indicating areas of heightened liquidity concentration.
• Consolidated Zones:
Merged labels (e.g., “REQH/REQL”) denote unified liquidity zones where clustering is significant.
• Traded-Through Zones:
Changes in opacity signal that the market has moved beyond a previously identified liquidity zone.
Underlying ICT Concepts 💡
Liquidity Pools & Sweeps:
Focused on identifying where liquidity is concentrated, the indicator aligns with ICT methodologies that highlight zones crucial for liquidity sweeps.
Pivot Analysis for Liquidity:
Enhances traditional pivot detection to spotlight liquidity clusters, providing a deeper insight into market structure.
Real-Time Adaptation:
With continuous updates and built-in cleanup, the indicator ensures that liquidity zones accurately reflect current market conditions.
TradFi Fundamentals: Enhanced Macroeconomic Momentum Trading Introduction
The "Enhanced Momentum with Advanced Normalization and Smoothing" indicator is a tool that combines traditional price momentum with a broad range of macroeconomic factors. I introduced the basic version from a research paper in my last script. This one leverages not only the price action of a security but also incorporates key economic data—such as GDP, inflation, unemployment, interest rates, consumer confidence, industrial production, and market volatility (VIX)—to create a comprehensive, normalized momentum score.
Previous indicator
Explanation
In plain terms, the indicator calculates a raw momentum value based on the change in price over a defined lookback period. It then normalizes this momentum, along with several economic indicators, using a method chosen by the user (options include simple, exponential, or weighted moving averages, as well as a median absolute deviation (MAD) approach). Each normalized component is assigned a weight reflecting its relative importance, and these weighted values are summed to produce an overall momentum score.
To reduce noise, the combined momentum score can be further smoothed using a user-selected method.
Signals
For generating trade signals, the indicator offers two modes:
Zero Cross Mode: Signals occur when the smoothed momentum line crosses the zero threshold.
Zone Mode: Overbought and oversold boundaries (which are user defined) provide signals when the momentum line crosses these preset limits.
Definition of the Settings
Price Momentum Settings:
Price Momentum Lookback: The number of days used to compute the percentage change in price (default 50 days).
Normalization Period (Price Momentum): The period over which the price momentum is normalized (default 200 days).
Economic Data Settings:
Normalization Period (Economic Data): The period used to normalize all economic indicators (default 200 days).
Normalization Method: Choose among SMA, EMA, WMA, or MAD to standardize both price and economic data. If MAD is chosen, a multiplier factor is applied (default is 1.4826).
Smoothing Options:
Apply Smoothing: A toggle to enable further smoothing of the combined momentum score.
Smoothing Period & Method: Define the period and type (SMA, EMA, or WMA) used to smooth the final momentum score.
Signal Generation Settings:
Signal Mode: Select whether signals are based on a zero-line crossover or by crossing user-defined overbought/oversold (OB/OS) zones.
OB/OS Zones: Define the upper and lower boundaries (default upper zones at 1.0 and 2.0, lower zones at -1.0 and -2.0) for zone-based signals.
Weights:
Each component (price momentum, GDP, inflation, unemployment, interest rates, consumer confidence, industrial production, and VIX) has an associated weight that determines its contribution to the overall score. These can be adjusted to reflect different market views or risk preferences.
Visual Aspects
The indicator plots the smoothed combined momentum score as a continuous blue line against a dotted zero-line reference. If the Zone signal mode is selected, the indicator also displays the upper and lower OB/OS boundaries as horizontal lines (red for overbought and green for oversold). Buy and sell signals are marked by small labels ("B" for buy and "S" for sell) that appear at the bottom or top of the chart when the score crosses the defined thresholds, allowing traders to quickly identify potential entry or exit points.
Conclusion
This enhanced indicator provides traders with a robust approach to momentum trading by integrating traditional price-based signals with a suite of macroeconomic indicators. Its normalization and smoothing techniques help reduce noise and mitigate the effects of outliers, while the flexible signal generation modes offer multiple ways to interpret market conditions. Overall, this tool is designed to deliver a more nuanced perspective on market momentum.
Breakout indicatorThis indicator helps traders identify potential breakout levels based on the highest high and lowest low of the last N candles, inspired by the classic Turtle Trading strategy. The period (N) is fully customizable, allowing you to adapt it to your trading style. For daily charts, a period between 50 and 100 is recommended.
The indicator dynamically plots horizontal lines representing the highest high and lowest low over the selected period. These lines are updated in real-time as price action evolves. A breakout is confirmed when the price closes above the high line (for a bullish breakout) or below the low line (for a bearish breakout).
Customize the appearance of the lines with options for thickness, color, and style (solid, dotted, or dashed) to suit your chart preferences. Perfect for traders looking to implement a simple yet effective breakout strategy!
Key Features:
Editable period (N) for high/low calculation.
Real-time updates of high/low levels.
Customizable line thickness, color, and style.
Usage:
Use on daily charts for swing trading or position trading.
Combine with other indicators or price action analysis for better confirmation.
SIOVERSE EMA 15 with Buy/Sell Signals, Support & ResistanceThis Pine Script indicator is designed for TradingView and combines Exponential Moving Averages (EMAs), support and resistance levels, buy/sell signals, and volume percentage labels filtered by buy/sell conditions. It is a comprehensive tool for traders who want to analyze price trends, identify key levels, and make informed decisions based on volume and EMA crossovers.
Key Features of the Indicator
EMA 15 (Purple Dashed Line):
A 15-period Exponential Moving Average (EMA) is plotted on the chart as a dashed purple line.
This EMA helps traders identify short-term trends and potential entry/exit points.
Hidden EMA 21 and EMA 34:
The 21-period and 34-period EMAs are calculated but not displayed on the chart.
These EMAs are used to generate buy and sell signals based on crossovers.
Buy/Sell Signals:
Buy Signal: Occurs when the EMA 21 crosses above the EMA 34. A green "BUY" label is displayed below the candle.
Sell Signal: Occurs when the EMA 21 crosses below the EMA 34. A red "SELL" label is displayed above the candle.
These signals help traders identify potential trend reversals or continuations.
Support and Resistance Levels:
Support: The lowest price level over the last lookback_period candles, plotted as a green dashed horizontal line.
Resistance: The highest price level over the last lookback_period candles, plotted as a red dashed horizontal line.
These levels help traders identify key price zones for potential breakouts or reversals.
Volume Percentage Labels (Filtered by Buy/Sell Signals):
The volume percentage is calculated relative to the average volume over the last volume_lookback candles.
Buy Volume Label: When a buy signal occurs, a green label is displayed above the candle with the text "Buy Vol: X.XX%", where X.XX is the volume percentage.
Sell Volume Label: When a sell signal occurs, a red label is displayed below the candle with the text "Sell Vol: X.XX%", where X.XX is the volume percentage.
These labels help traders assess the strength of the buy/sell signals based on volume.
Alerts:
Alerts are triggered when buy or sell signals occur, notifying traders of potential trading opportunities.
Shifted Buy PressureDifferentiated Buy Pressure Indicator Documentation
Overview: The Differentiated Buy Pressure indicator is a custom Pine Script™ indicator designed to measure and visualize buy and sell pressure in the market. It calculates buy pressure based on a combination of volume, range, and gap, and provides a differentiated buy pressure which is shifted by 90°, offering predictive insights.
Inputs:
Window Size: The window size for average calculation (default: 20).
Show Overlay: Option to show the price overlay (default: false).
Overlay Boost Factor: Boosting factor for overlaying the price (default: 0.01).
Calculations:
Relative Range: Calculated as (high - low) / close.
Average Range: Simple moving average of the relative range over the specified window.
Average Volume: Simple moving average of the volume over the specified window.
Relative Gap: Calculated as open / close .
Average Gap: Simple moving average of the relative gap over the specified window.
Buy Pressure: Calculated using the formula: buy_pressure = -math.log(relative_range / avg_range * volume / avg_volume * relative_gap / avg_gap)
Differentiated Buy Pressure: Calculated as the difference between the current and previous buy pressure: diff_buy_pressure = buy_pressure - buy_pressure
Plots:
Zero Line: A horizontal line at zero for reference.
Buy Pressure: Plotted in blue, representing the calculated buy pressure.
Differentiated Buy Pressure: Plotted in red, representing the differentiated buy pressure.
Overlay: Optionally plots the price overlay boosted by the differentiated buy pressure.
Labels:
Labels are created to display the buy pressure and differentiated buy pressure values on the chart.
Usage: This indicator helps traders visualize the buy and sell pressure in the market. Positive values indicate buy pressure, while negative values indicate sell pressure. The differentiated buy pressure, shifted by 90°, provides predictive insights into future market movements.
This documentation provides a comprehensive overview of the Differentiated Buy Pressure indicator, explaining its purpose, inputs, calculations, and usage.
TVMC - Composite Indicator with Technical RatingsDescription:
The TVMC (Trend, Volume, Momentum, Composite) indicator is a powerful multi-component tool designed to provide traders with a comprehensive understanding of market conditions. By combining four essential technical analysis components—trend, momentum, volume, and volatility—this indicator offers clear and actionable insights to assist in decision-making.
Key Features:
1. Trend Component (TC):
* Based on MACD (Moving Average Convergence Divergence), this component analyzes the relationship between two exponential moving averages (fast and slow) to determine the prevailing market trend.
* The MACD signal is normalized to a range of -1 to +1 for consistency and clarity.
2. Momentum Component (MC):
* Utilizes RSI (Relative Strength Index) to measure the strength and speed of price movements.
* This component highlights overbought or oversold conditions, which may indicate potential market reversals.
3. Volume Confirmation (VC):
* Compares the current trading volume to its moving average over a specified period.
* High volume relative to the average confirms the validity of the current trend.
4. Volatility Filter (VF):
* Uses ATR (Average True Range) to gauge market volatility.
* Adjusts and smooths signals to reduce noise during periods of high volatility.
5. Technical Ratings Integration:
* Incorporates TradingView’s Technical Ratings, allowing users to validate signals using moving averages, oscillators, or a combination of both.
* Users can choose their preferred source of ratings for enhanced signal confirmation.
How It Works:
The TVMC indicator combines the weighted contributions of the Trend, Momentum, and Volume components, further refined by the Volatility Filter. Each component plays a specific role:
* Trend: Identifies whether the market is bullish, bearish, or neutral.
* Momentum: Highlights the strength of price action.
* Volume: Confirms whether the current price action is supported by sufficient trading activity.
* Volatility: Filters out excessive noise in volatile market conditions, providing a smoother and more reliable output.
Visualization:
1. Bullish Signals:
* The indicator line turns green and remains above the zero line, indicating upward momentum.
2. Bearish Signals:
* The indicator line turns red and falls below the zero line, signaling downward momentum.
3. Neutral Signals:
* The line is orange and stays near zero, indicating a lack of strong trend or momentum.
4. Zones:
* Horizontal lines at +30 and -30 mark strong bullish and bearish zones, respectively.
* A zero line is included for clear separation between bullish and bearish signals.
Recommended Usage:
* Best Timeframes: The indicator is optimized for higher timeframes such as 4-hour (H4) and daily (D1) charts.
* Trading Style: Suitable for swing and positional trading.
* Customization: The indicator allows users to adjust all major parameters (e.g., MACD, RSI, volume, and ATR settings) to fit their trading preferences.
Customization Options:
* Adjustable weights for Trend, Momentum, and Volume components.
* Fully configurable settings for MACD, RSI, Volume SMA, and ATR periods.
* Timeframe selection for multi-timeframe analysis.
Important Notes:
1. Originality: The TVMC indicator combines multiple analysis methods into a unique framework. It does not replicate or minimally modify existing indicators.
2. Transparency: The description is detailed enough for users to understand the methodology without requiring access to the code.
3. Clarity: The indicator is explained in a way that is accessible even to users unfamiliar with complex technical analysis tools.
Compliance with TradingView Rules:
* The indicator is written in Pine Script version 5, adhering to TradingView’s language standards.
* The description is written in English to ensure accessibility to the global community, with a clear explanation of all components and functionality.
* No promotional content, links, or unrelated references are included.
* The chart accompanying the indicator is clean and demonstrates its intended use clearly, with no additional indicators unless explicitly explained.
Vertical & Open Lines - Yearly [MsF]Yearly Vertical & Open Lines Indicator
This indicator helps traders visualize yearly boundaries and track previous year's price levels. It draws:
- Vertical lines at the start of each year
- Horizontal lines showing previous year's open and close prices
- Optional labels with price information
Features:
- Customizable line colors and styles
- Toggle yearly vertical lines
- Show/hide previous year's price levels
- Optional price labels
- Next year line preview
Usage:
1. Add indicator to your chart
2. Adjust Base Time to match your market's yearly reset time
3. Customize colors and styles using input options
4. Toggle features as needed
Yearly Open LevelsThe Yearly Open Levels indicator is designed to help traders visualize the opening price of each year on a price chart.
Key Features:
Yearly Open Display: Automatically calculates and displays the opening price for each year starting from a user-defined starting year. This helps traders quickly spot where the price opens each year.
Customizable Start Year: Users can set a specific year to begin displaying opening levels. The default starting year is 2022, but this can be adjusted based on individual trader needs.
Visual Lines and Labels: Each yearly open is represented by a horizontal line that extends to the right of the chart, making it easy to see the level throughout the year.
A label is placed next to the line, indicating the year and the opening price, enhancing clarity and reference while analyzing price movements.
Color Customization: Traders can choose the color of the lines and labels to fit their charting style or preferences, enhancing the visual representation on different market charts.
Percentage Calculator by Akshay GaurThis indicator calculates and displays percentage levels above and below the current price. It allows you to easily identify any percentage levels which can be used in many things like creating strangles and straddles and make informed trading decisions. The indicator automatically adjusts and redraws the lines and labels on the latest bar to reflect real-time market conditions.
Key Features:
• Calculates percentage levels above and below the current price
• Displays percentage levels on big labels with the horizontal lines on the chart
• Allows you to adjust the percentage value and every details.
• Allows you to see Fluctuation line on the chart.
How to Use:
1. Set the percentage value to the desired level (e.g. 1%, 2%, etc.)
2. If you want to see Fluctuation lines also then turn on it from Input settings.
3. Use the displayed levels to identify desired percentage levels.
4. Make informed trading decisions based on the calculated levels
Volume-Based RSI Color Indicator with MAsVolume-Based RSI Color Indicator with MAs
Overview
This script combines the Relative Strength Index (RSI) with volume analysis to provide an enhanced perspective on market conditions. By dynamically coloring the RSI line based on overbought/oversold conditions and volume thresholds, this indicator helps traders quickly identify high-probability reversal zones. Additionally, it incorporates short-term and long-term moving averages (MAs) of the RSI for trend analysis, making it a versatile tool for scalping and swing trading strategies.
Key Features
Dynamic RSI Color Coding:
The RSI line changes color based on two conditions:
Overbought/High Volume: RSI is above the overbought threshold (default: 70) and volume exceeds the average volume by a user-defined multiplier (default: 2.0). The line turns red, indicating potential reversal zones.
Oversold/High Volume: RSI is below the oversold threshold (default: 30) and volume exceeds the average volume by the multiplier. The line turns green, suggesting potential buying opportunities.
Neutral Conditions: Default blue color for all other scenarios.
Volume Integration:
Unlike standard RSI indicators, this script incorporates volume data to refine signals, helping traders avoid false signals in low-volume environments.
RSI Moving Averages:
Two moving averages of the RSI (short-term and long-term) provide trend context:
200-period MA: Highlights the long-term trend in RSI values.
20-period MA: Shows short-term fluctuations for quick decision-making.
Both MAs can be calculated using Simple or Exponential methods, giving users flexibility.
Visual Aids:
Horizontal lines at the overbought (70) and oversold (30) levels help define the boundaries of expected price action extremes.
How It Works
The script calculates the RSI over a user-defined length (default: 14).
Volume data is compared to its moving average to determine if it exceeds the user-defined high-volume threshold.
When RSI and volume conditions align, the RSI line is dynamically colored to indicate potential overbought/oversold zones.
The RSI moving averages provide additional context to confirm trends or reversals.
How to Use
Identify Reversal Zones:
Look for green RSI signals in oversold conditions to identify potential buying opportunities.
Look for red RSI signals in overbought conditions to identify potential selling opportunities.
Use Moving Averages for Confirmation:
When the RSI is above its 200-period MA, the long-term trend is bullish; consider only long trades.
When the RSI is below its 200-period MA, the trend is bearish; consider only short trades.
Combine with Other Tools:
This indicator works best when used alongside price action analysis, candlestick patterns, or support/resistance levels.
Originality
This script is unique in combining volume analysis with RSI and RSI-specific moving averages. While many indicators focus on RSI or volume separately, this script marries these two key metrics to filter out weak signals and improve trade decision accuracy.
Chart Recommendations
Clean Chart: Use this indicator on a clean chart without additional overlays for maximum clarity.
Timeframes: Works well on intraday charts (e.g., 5m, 15m) for scalping and on higher timeframes (e.g., 1H, 4H, Daily) for swing trading.
Disclaimer
This indicator is a tool to aid trading decisions and should not be used in isolation. Always consider other factors such as market conditions, news events, and risk management.
HOD/LOD/PMH/PML/PDH/PDL Strategy by @tradingbauhaus This script is a trading strategy @tradingbauhaus designed to trade based on key price levels, such as the High of Day (HOD), Low of Day (LOD), Premarket High (PMH), Premarket Low (PML), Previous Day High (PDH), and Previous Day Low (PDL). Below, I’ll explain in detail what the script does:
Core Functionality of the Script:
Calculates Key Price Levels:
HOD (High of Day): The highest price of the current day.
LOD (Low of Day): The lowest price of the current day.
PMH (Premarket High): The highest price during the premarket session (before the market opens).
PML (Premarket Low): The lowest price during the premarket session.
PDH (Previous Day High): The highest price of the previous day.
PDL (Previous Day Low): The lowest price of the previous day.
Draws Horizontal Lines on the Chart:
Plots horizontal lines on the chart for each key level (HOD, LOD, PMH, PML, PDH, PDL) with specific colors for easy visual identification.
Defines Entry and Exit Rules:
Long Entry (Buy): If the price crosses above the PMH (Premarket High) or the PDH (Previous Day High).
Short Entry (Sell): If the price crosses below the PML (Premarket Low) or the PDL (Previous Day Low).
Long Exit: If the price reaches the HOD (High of Day) during a long position.
Short Exit: If the price reaches the LOD (Low of Day) during a short position.
How the Script Works Step by Step:
Calculates Key Levels:
Uses the request.security function to fetch the HOD and LOD of the current day, as well as the highs and lows of the previous day (PDH and PDL).
Calculates the PMH and PML during the premarket session (before 9:30 AM).
Plots Levels on the Chart:
Uses the plot function to draw horizontal lines on the chart representing the key levels (HOD, LOD, PMH, PML, PDH, PDL).
Each level has a specific color for easy identification:
HOD: White.
LOD: Purple.
PDH: Orange.
PDL: Blue.
PMH: Green.
PML: Red.
Defines Trading Rules:
Uses conditions with ta.crossover and ta.crossunder to detect when the price crosses key levels.
Long Entry: If the price crosses above the PMH or PDH, a long position (buy) is opened.
Short Entry: If the price crosses below the PML or PDL, a short position (sell) is opened.
Long Exit: If the price reaches the HOD during a long position, the position is closed.
Short Exit: If the price reaches the LOD during a short position, the position is closed.
Executes Orders Automatically:
Uses the strategy.entry and strategy.close functions to open and close positions automatically based on the defined rules.
Advantages of This Strategy:
Based on Key Levels: Uses important price levels that often act as support and resistance.
Easy to Visualize: Horizontal lines on the chart make it easy to identify levels.
Automated: Entries and exits are executed automatically based on the defined rules.
Limitations of This Strategy:
Dependent on Volatility: Works best in markets with significant price movements.
False Crosses: There may be false crosses that generate incorrect signals.
No Advanced Risk Management: Does not include dynamic stop-loss or take-profit mechanisms.
How to Improve the Strategy:
Add Stop-Loss and Take-Profit: To limit losses and lock in profits.
Filter Signals with Indicators: Use RSI, MACD, or other indicators to confirm signals.
Optimize Levels: Adjust key levels based on the asset’s behavior.
In summary, this script is a trading strategy that operates based on key price levels, such as HOD, LOD, PMH, PML, PDH, and PDL. It is useful for traders who want to trade based on significant support and resistance levels.
Sector Relative Strength [Afnan]This indicator calculates and displays the relative strength (RS) of multiple sectors against a chosen benchmark. It allows you to quickly compare the performance of various sectors within any global stock market. While the default settings are configured for the Indian stock market , this tool is not limited to it; you can use it for any market by selecting the appropriate benchmark and sector indices.
📊 Key Features ⚙️
Customizable Benchmark: Select any symbol as your benchmark for relative strength calculation. The default benchmark is set to `NSE:CNX100`. This allows for global market analysis by selecting the appropriate benchmark index of any country.
Multiple Sectors: Analyze up to 23 different sector indices. The default settings include major NSE sector indices. This can be customized to any market by using the relevant sector indices of that country.
Individual Sector Control: Toggle the visibility of each sector's RS on the chart.
Color-Coded Plots: Each sector's RS is plotted with a distinct color for easy identification.
Adjustable Lookback Period: Customize the lookback period for RS calculation.
Interactive Table: A sortable table displays the current RS values for all visible sectors, allowing for quick ranking.
Table Customization: Adjust the table's position, text size, and visibility.
Zero Line: A horizontal line at zero provides a reference point for RS values.
🧭 How to Use 🗺️
Add the indicator to your TradingView chart.
Select your desired benchmark symbol. The default is `NSE:CNX100`. For example, use SPY for the US market, or DAX for the German market.
Adjust the lookback period as needed.
Enable/disable the sector indices you want to analyze. The default includes major NSE sector indices like `NSE:CNXIT`, `NSE:CNXAUTO`, etc.
Customize the table's appearance as needed.
Observe the RS plots and the table to identify sectors with relative strength or weakness.
📝 Note 💡
This indicator is designed for sectorial analysis. You can use it with any market by selecting the appropriate benchmark and sector indices.
The default settings are configured for the Indian stock market with `NSE:CNX100` as the benchmark and major NSE sector indices pre-selected.
The relative strength calculation is based on the price change of the sector index compared to the benchmark over the lookback period.
Positive RS values indicate relative outperformance, while negative values indicate relative underperformance.
👨💻 Developer 🛠️
Afnan Tajuddin
