Session Bar Color (US Time)This script is designed to change the color of bars on a trading chart based on different trading sessions in Eastern Time (ET). It is different from currently published scripts in that it specifically focuses on US time sessions and provides a customizable approach to defining and coloring each session.
To use this script, you can apply it to a chart by selecting it from the list of available indicators or overlays.
The script is meant for traders who are interested in visualizing different trading sessions on their charts. By coloring the bars based on session boundaries, it can help traders quickly identify session changes and potentially adjust their trading strategies accordingly. Mostly it's used to draw the high and low zones of each session.
The markets this script is suitable for are those that operate within the US time zones, as it specifically focuses on Eastern Time (ET) sessions. It can be used for various types of markets, including stocks, futures, and forex.
The conditions for each session are defined using the input. session function, which allows you to specify the start and end times for each session. The script includes four sessions: Asian, London, USA, and New York. By modifying the defval parameter for each session input, you can customize the session times to fit your specific trading preferences or time zone.
The script uses the time function to check if the current bar falls within a particular session. If the condition is met, it sets the color of the bar using the bar color function. Each session is assigned a different color: black for the Asian session, teal for the London session, a custom RGB color (dark red) for the USA session, and red for the New York session.
It's important to note that this script assumes the time zone of the trading platform is set to "Etc/GMT+4" to align with Eastern Time (ET). If your platform uses a different time zone, you may need to adjust the time function calls to match your desired time zone.
Wsparcie i Opór
Support & Resistance ParserI've created a user-friendly trading indicator that interprets and visually presents support and resistance levels, transforming raw data into actionable insights.
Here's a glimpse of what you might encounter:
Today's trigger points (ES)
Support: 4264.5,4220.75,4131.5,4164.5,3980.75,4182.5,4174.25,4120,4112.25,4089.25,4085.75
Resistance: 4299.75,4304.5,4316.75,4345.25,4331.75
This is how it works:
1. Copy the series of support and resistance figures, ie just the comma separated numbers
2. Paste each series into their respective setting in the indicator.
3. The indicator parses the data, understanding the sequence and importance of each figure.
4. It then draws the corresponding support and resistance lines on your trading chart.
Chart would appear similar to the following:
This tool distinguishes itself with its user-friendly features. Each line comes with adjustable labels, enabling users to personalize their visualization. This makes the data more intuitive and easier to comprehend, enhancing decision-making during trades.
Note: The indicator includes limited error handling capabilities.
Make the most out of your trading journey with this intuitive and customizable tool, specifically designed to turn raw data into valuable trading insights.
Best Support And Resistance Indicator V1 [ForexBee]This Indicator Identifies and draws the support and resistance Zones On the Chart
🔶Overview
The support and resistance indicator is a technical indicator that will plot the support zone and resistance zone on the candlestick chart. It determines the price touches to find the strong support resistance zones.
The support and resistance indicator is the most basic technical analysis in trading. Instead of drawing zones manually, this indicator can save you time by plotting zones automatically.
🔶Working
There are specific characteristics of a valid support and resistance zone. Price always bounces upward from the support zone while it bounces downward from the resistance zone. On the other hand, when a breakout of the support or resistance zone happens, the price trends toward the breakout.
🔶Valid support zone
When the price touches a zone two to three times and bounces in a bullish direction, it is a good support zone.
The main point is that you should always find the bounces in clear price swings. The touches or bounces of the price must not be in the form of a choppy market. Price always moves in the form of swings or waves.
🔶Valid resistance zone
When the price touches a zone two to three times with a bounce in a bearish direction, then a valid resistance zone forms.
Here the price bounces must be in the form of swings or waves. You must avoid a choppy market.
So the support and resistance zone indicator finds these parameters on the chart and draws only valid zones.
🔶Settings of indicator
There are two inputs available in the indicator.
Number of bars for swing
The number of bars for the swing bars represents the size of the swing for a valid support or resistance touch. This parameter helps to filter the ranging price. the default value is 10.
Number of Tests for valid support and resistance
In this indicator, the number of pivots represents the support or resistance touches. so if you select the number 3, the indicator will only draw a zone with three touches.
🔶Features
There are the following features that this indicator identifies automatically, so you don’t need to do manual work.
Identify the valid support and resistance zones
Add the confluence of swings or waves during zone identification
Choppy market filter
We are also adding the feature of a candlestick pattern at the zone, which will be added in the next update.
Trendline Pivots [QuantVue]Trendline Pivots
The Trend Line Pivot Indicator works by automatically drawing and recognizing downward trendlines originating from and connecting pivot highs or upward trendlines originating from and connecting pivot lows.
These trendlines serve as reference points of potential resistance and support within the market.
Once identified, the trend line will continue to be drawn and progress with price until one of two conditions is met: either the price closes(default setting) above or below the trend line, or the line reaches a user-defined maximum length.
If the price closes(default setting) above a down trend line or below an up trend line, an "x" is displayed, indicating the resistance or support has been broken. At the same time, the trend line transforms into a dashed format, enabling clear differentiation from active non-breached trend lines.
This indicator is fully customizable from line colors, pivot length, the number lines you wish to see on your chart and works on any time frame and any market.
Don't hesitate to reach out with any questions or concerns.
We hope you enjoy!
Cheers.
Volume Profile Bar-Magnified Order Blocks [MyTradingCoder]Introducing "Volume Profile Bar-Magnified Order Blocks", an innovative and unique trading indicator designed to provide traders with a comprehensive understanding of market dynamics. This tool takes the concept of identifying order blocks on your chart and elevates it by integrating a detailed volume profile within each order block zone.
Unlike standard order block indicators, Volume Profile Bar-Magnified Order Blocks pulls data from lower timeframe bars and assigns it to various segments of the order block. By providing this volume profile inside the order block, the indicator supplies a deeper, multi-dimensional view of market activity that can enhance your trading decisions.
Crucially, users have the ability to fine-tune the detection of order blocks. This is made possible through a single input setting called "Tuning". This integer value allows you to control the significance and frequency of the order blocks. Higher numbers will produce more significant order blocks, though they will appear less frequently. Lower numbers, on the other hand, will yield less significant order blocks, but they will occur more often. This enables you to adjust the sensitivity of the indicator according to your specific trading strategy and style.
Key Settings:
Number of Segments: Customize the level of detail in your volume profile by selecting the number of segments you want inside each order block.
Tuning: Adjust the sensitivity of order block detection to align with your trading strategy. Higher values produce more significant but less frequent order blocks, while lower values yield less significant but more frequent order blocks.
Color Inputs: Personalize the look of your chart by selecting the colors for various elements of the indicator. This ensures a seamless integration with your current chart aesthetics and improves visual clarity.
Here is a s creenshot that beautifully demonstrates the power of this indicator. You'll see how the price rejects perfectly off the highest volume segment in an order block, showcasing the indicator's potential for pinpointing high-impact price levels.
While Volume Profile Bar-Magnified Order Blocks offers many unique features, it should be used in conjunction with other indicators and forms of analysis for a complete trading strategy. As with all tools, it does not guarantee profitable trades but is intended to give traders more information to base their decisions on. Use it to complement your existing analysis and enhance your understanding of market behavior.
Experience a new level of clarity in your trading with Volume Profile Bar-Magnified Order Blocks - an indicator that goes beyond the surface to help you navigate the markets more effectively.
Scalp Tool
This script is primarily intended as a scalping tool.
The theory of the tool is based on the fact that the price always returns to its mean.
Elements used:
1. VWMA as a moving average. VWMA is calculated once based on source close and once based on source open.
2. the bands are not calculated like the Bollinger Band, but only a settlement is calculated for the lower bands based on the Lows and for the upper bands based on the Highs. Thus the bands do not become thicker or thinner, but remain in the same measure to the mean value above or below the price.
3. a volume filter on simple calculation of a MA with deviation. Therefore, it can be identified if a volume breakout has occurred.
4. support and resistance zones which are calculated based on the highs and lows over a certain length.
5. RSI to determine oversold and overbought zones. It also tries to capture the momentum by using a moving average (variable selectable) to filter the signals. The theory is that in an uptrend the RSI does not go below 50 and in a downtrend it does not go above 50.
However, this can be very different depending on the financial instrument.
Explanation of the signals:
The main signal in this indicator Serves for pure short-term trading and is generated purely on the basis of the bands and the RSI.
Only the first bands are taken into account.
Buy signal is generated when the price opens below the lower band 1 and closes above the lower band 1 or the RSI crosses a value of 25 from bottom to top.
Sell signal is generated when the price opens above the Upper Band 1 and closes below the Upper Band 1 or the RSI crosses a value of 75 from top to bottom.
The position should be closed when the price hits the opposite band. Alternatively, it can also be closed at the mean.
Other side signals:
1. breakouts:
The indicator includes 2 support and resistance zones, which differ only in length. For the breakout signals, the short version of the R/S is used. A signal is generated when the price breaks through the zones with increased volume. It is then assumed that the price will continue to follow the breakout.
The values of the S/R are adjustable and marked with "BK".
The value under Threshold 2 defines the volume breakout. 4 is considered as the highest value. The smaller the value, the smaller the volume must be during a breakout.
2. bounce
If the price hits a S/R (here the long variant is used with the designation "Support" or "Resistance") and makes a wick with small volume, the script assumes a bounce and generates a Sell or Buy signal accordingly.
The volume can be defined under "Threshold".
The S/R according to the designation as well.
Combined signals:
If the value of the S/R BK and the S/R is the same and the bounce logic of the S/R BK applies and an RSI signal is also generated, a signal is also plotted.
Here the idea was to get very strong signals for possible swing entries.
4. RSI Signals
The script contains two RSI.
RSI 1:
Bullish signal is generated when the set value is crossed from the bottom to the top.
Bearish signal is generated when the set value is crossed from the top to the bottom.
RSI 2:
Bullish signal is generated when the set value is crossed from the top to the bottom.
Bearish signal is generated when the set value is crossed from bottom to top.
For RSI 2 the theory is taken into account according to the description under Used elements point 5
Optical trend filter:
Also an optical trend filter was generated which fills the bands accordingly.
For this the VWMA is used and the two average values of the band.
Color definition:
Gray = Neutral
Red = Bearish
Green = Bullish
If the mean value is above the VWMA and the mean value based on the closing price is above the mean value based on the open price, the band is colored green. It is a bullish trend
If the mean value is below the VWMA and the mean value based on the closing price is below the mean value based on the open price, the band is colored red.
The band is colored gray if the mean value is correspondingly opposite. A sideways phase is assumed.
The script was developed on the basis of the pair BTCUSD in the 15 minute chart and the settings were defined accordingly on it. The display of S/R for forex pairs does not work correctly and should be hidden. The logic works anyway.
When using the script, all options should first be set accordingly to the asset and tested before trading afterwards. It applies of course also here that there is no 100% guarantee.
Also, a strong breakout leads to false signals and overheating of the indicator.
Sessions[Lenny Kiruthu]The script below is designed to show up to 4 different trading sessions i.e. London, New York, Tokyo and Sydney sessions, it also displays the days each session is taking place in as well as two horizontal lines one for the previous days high and the other for the previous days low.
It also displays a table that shows the user the highest and lowest price for 4 different currency pairs the previous day as well as their current prices and below it a confirmation row that shows whether price is currently above, below or within yesterdays range. Note that it only states "High Broken" or "Low Broken" if the current close is above or below the lines.
What you can change
Your time zone for example GMT -4 or GMT +3
The session start and end time
The colors, border type and border width of the session ranges
Displaying the table
Ability to choose the 4 symbols to view on the table
Key Levels (Open, Premarket, & Yesterday)OVERVIEW
This indicator automatically identifies and draws recent high-probability support and resistance levels (recent key levels). Specifically, yesterdays highs / lows, premarket highs / lows, as well as yesterdays end of day Volume Weighted Average Price and trader specified Moving Average.
This is most useful on charts with intraday time frames (1 minute, 5 minute etc.) commonly used for day trading. This is not ideal for larger time frames (greater than 1 hour) commonly used for swing trading or identifying larger trends.
INPUTS
You can configure:
Line size, style, and colors
Label colors
Which key levels you want to see
Moving Average Parameters
Market Hours and Time Zone
DEV NOTES
This script illustrates:
A method for iterative management of more complex data objects (not just discrete values) with loops and arrays.
Support Resistance Classification [LuxAlgo]The Support Resistance Classification indicator shows SR levels from a user-defined range using higher time-frame data (HTF). Levels are classified 1 through 10 based on their strength, with lower values indicating stronger support/resistance levels.
This indicator doesn't use visible range functionality, in contrast to our Support Resistance Classification (VR) indicator, it uses a set lookback period to find support/resistance levels.
Since both techniques cannot be used together in 1 script, we developed a separate, NON-VR version.
🔶 USAGE
Certain indicators on higher timeframes can provide longer-term support/resistance levels on lower timeframes. Users can use the provided levels and use them as references for future support/resistance levels.
The classification algorithm measures the strength of a support/resistance level using the set range and is in a range of 1 to 10, with higher values indicating a weaker support/resistance.
Supports/resistances highlighted by the indicator can be used for future applications by marking them on the chart (quickly done with alt + h).
🔶 DETAILS
All calculations are based on what is seen in the last amount of bars, which is the period between the blue vertical line and the last candle:
Since only Swings which are not broken are included, every break would exclude that swing. Therefore, even when 'value' is chosen at Settings ('Value'), breaks are always calculated on the entire line.
🔶 SETTINGS
Lookback: Amount of bars from current bar to x bars back , this is the period where support/resistance levels are calculated.
Fade: After x breaks the line becomes invisible
Value:
value:
• SMA, upper/lower: the breaks are triggered on the moving average itself
• Fibonacci Pivot Point levels, Previous High, Previous Low: only last HTF values can be used for breaks
• Swings (see SWING SETTINGS)
line:
• SMA, upper/lower: the breaks are triggered on the entire line, based on its latest value
• Fibonacci Pivot Point Levels, Previous High, Previous Low: breaks are triggered on the entire line, based on its latest value
• Swings (see SWING SETTINGS)
🔹 Swing Settings
Swings are always calculated at the current timeframe, setting an HTF is not applicable to Swings.
Left/Right: for Swing calculation ( pivothigh , pivotlow )
Show: enables you to see the pivot points
🔹 Set
N°: The concerning number
TYPE:
• SMA (Simple Moving Average)
• Previous High/Low
• Upper/Lower ( Bollinger Bands )
• Pivot Point levels : "Fibonacci"
LENGTH: sets the 'Number of bars', needed for calculations (applicable for SMA, upper/lower)
MULT: sets the 'Standard deviation factor' (only applicable for upper/lower - BB)
HTF: sets 'Higher Time Frame' (applicable for SMA, upper/lower, Previous High/Low, Fibonacci)
🔹 Show Values
You can make up to 5 values visible (if you want to check/verify), except for Swings (see SWING SETTINGS)
To do so, enable (A -> E), and choose the N° you want to see.
This also is a useful tool if you're not sure which value you want to set.
Weekly Range Support & Resistance Levels [QuantVue]Weekly Range Support & Resistance Levels
Description:
The Weekly Range Support & Resistance Levels analyzes weekly ranges and takes the average range of the last 30 weeks (default setting).
It also takes the average +/- a standard deviation, and creates support & resistance levels/zones based on the weekly opening price.
The levels will update each week, and previous weekly levels can be toggled on or off.
Settings:
🔹Averaging Period
🔹Standard Deviation Multiplier
🔹Toggle Support & Resistance Prices
🔹Show Weekly Open Line
🔹Show Previous Levels
Don't hesitate to reach out with any questions or concerns. We hope you enjoy!
Cheers.
Swing Volume Profiles [LuxAlgo]The Swing Volume Profiles indicator aims to calculate and highlight trading activity at specific price levels between two swing points; allowing traders to reveal dominant and/or significant price levels based on volume.
By measuring traded volume at all price levels in the market over a specified time period, the script can also be used to detect some key analysis generally such as supply & demand, buy-side & sell-side liquidity levels, unfilled liquidity voids, and imbalances that can highlight on the chart.
🔶 USAGE
A volume profile is an advanced charting tool that displays the traded volume at different price levels over a specific period. It helps you visualize where the majority of trading activity has occurred.
Key Levels are the areas where the volume is concentrated or where there are significant volume spikes. These levels are known as key support and resistance levels. High-volume nodes indicate areas of high activity and are likely to act as support or resistance in the future.
Volume profile also helps identify value areas, which represent the price levels where the most trading activity has taken place. These levels can act as areas of support or resistance as traders perceive them as fair value.
The Point of Control describes the price level where the most volume was traded. A Naked Point of Control (also called a Virgin Point of Control) is a previous POC that has not been traded. Extending PoC options 'Until Bar Cross' or 'Until Bar Touch' helps in identifying Naked Point of Control Lines.
Previous PoC levels can serve as support and resistance for future price movements. Extending PoC Level 'Until Last Bar' option will help to identify such levels.
🔶 DETAILS
One of the unique features of the script is its ability to detect some other key levels such as levels of acceptance and rejection.
Levels of rejection we may summarize as supply and demand levels, these are also referred to as buy-side and sell-side liquidity levels. They usually occur at extreme highs or lows, where prices may be too high for buyers (high supply, low demand) or too low for sellers (low supply, high demand)
Levels of acceptance are the levels where Liquidity Voids occur, these are also referred to imbalances. Liquidity voids are sudden changes in price when the price jumps from one level to another. The peculiar thing about liquidity voids is that they almost always fill up, so we call them levels of acceptance.
🔶 ALERTS
When an alert is configured, the user will have the ability to be notified in case:
Point Of Control Line is touched/crossed
Value Area High Line is touched/crossed
Value Area Low Line is touched/crossed
🔶 SETTINGS
🔹 Display Options
Mode: Controls the lookback length of detection and visualization, where Present assumes last X bars specifid in '# Bars' option and Historical assumes all data available to the user as well as allowed limits of visiual objects (boxs, lines, labels etc)
# Bars: Controls the lookback length.
🔹 Swing Volume Profiles
The script takes into account user-defined parameters and plots volume profiles. Due to Pine Script™ drwaing objects limit only total volume profiles are presented.
Swing Detection Length: Lookback period
Swing Volume Profiles: Toggles the visibility of the Volume Profiles, with color options to differentiate the Value Area within a profile.
Profile Range Background Fill: Toggles the visibility of the Volume Profiles Range
🔹 Point of Control (PoC)
Point of Control (POC) – The price level for the time period with the highest traded volume
Point of Control (PoC): Toggles the visibility of the Point of Control
Developing PoC: Toggles the visibility of the Developing PoC
Extend PoC: Option that allows detecting virgin PoC levels. Virgin Point of Control (VPoC) is defined as a Point of Control that has never been revisited or touched. The option also allows PoC levels to extend till the last bar aiming to present levels from history where the levels were traded significantly and those levels can be used as support and resistance levels.
🔹 Value Area (VA)
Value Area (VA) – The range of price levels in which the specified percentage of all volume was traded during the time period.
Value Area Volume %: Specifies percentage of the Value Area
Value Area High (VAH): Toggles the visibility of the Value Area High, the highest price level within the Value Area
Value Area Low (VAL): Toggles the visibility of the Value Area Low, the lowest price level within the Value Area
Value Area (VA) Background Fill: Toggles the visibility of the Value Area Range
🔹 Liquidity Levels / Voids
Unfilled Liquidity, Thresh: Enable display of the Unfilled Liquidity Levels and Liquidity Voids, where threshold value defines the significance of the level.
🔹 Profile Stats
Position, Size: Specifies the position and the size of the label presenting Profile Stats, the tooltip of the label includes all related info for each profile.
Price, Price Change, and Cumulative Volume: Enable display of the given options on the chart.
🔹 Volume Profile Others
Number of Rows: Specify how many rows each histogram will have. Caution, having it set to high values will quickly hit Pine Script™ drawing objects limit and may cause fewer historical profiles to be displayed.
Placement: Place profile either left or right.
Profile Width %: Alters the width of the rows in the histogram, relative to the calculated profile length.
🔶 RELATED SCRIPTS
Alternative Liquidity Void Detection script, Buyside-Sellside-Liquidity
AggBands (v1) [qrsq]The "AggBands" indicator is a custom trading indicator designed to provide a consolidated view of the price action across multiple assets or trading pairs. It combines the price data from multiple tickers and calculates an aggregated price using user-defined weights for each ticker.
The indicator starts by defining the tickers to be included in the aggregation. You can choose from predefined configurations such as "BTC PAIRS," "CRYPTO TOTAL MARKET CAP," "TOP 5 PAIRS," "TOP 5 MEMECOINS," "SPX," "DXY," or "FANG." Each configuration includes specific tickers or indices relevant to the chosen category.
The indicator then fetches the closing, high, and low prices for each ticker and applies the user-defined weights to calculate the aggregated prices. The aggregated prices are normalized within a specified length to provide a consistent scale across different assets or pairs.
Next, the indicator calculates the midpoint, which is the average of the highest high and lowest low of the aggregated prices over a specified aggregation period.
To assess the volatility, the indicator calculates the price range and applies the Average True Range (ATR) indicator to determine the volatility value. The standard deviation is then computed using the price range and aggregation period, with an additional scaling factor applied to the volatility value.
Based on the standard deviation, the indicator generates multiple bands above and below the midpoint. By default, three standard deviation bands are calculated, but the user can choose between one and five bands. The upper and lower bands are smoothed using various moving average (MA) types, such as Simple Moving Average (SMA), Exponential Moving Average (EMA), Smoothed Moving Average (SMMA/RMA), Weighted Moving Average (WMA), Volume Weighted Moving Average (VWMA), Volume Weighted Average Price (VWAP), or Arnaud Legoux Moving Average (ALMA). The user can also adjust the length, offset, and sigma parameters for the moving averages.
The indicator can optionally smooth the midpoint, upper bands, and lower bands using a separate set of moving average parameters.
The indicator can be useful for traders and analysts who want to gain a consolidated view of price movements across multiple assets or trading pairs. It helps identify trends, volatility, and potential support and resistance levels based on the aggregated price and standard deviation bands. Traders can use this information to make informed decisions about trading strategies, risk management, and market analysis.
Support Resistance Classification (VR) [LuxAlgo]The Support Resistance Classification (VR) indicator shows SR levels on any chart's visible range using higher time-frame data (HTF). Levels are classified 1 through 10 based on their strength, with lower values indicating stronger support/resistance levels.
This indicator uses visible range functionality, whereas if you adjust your chart to show previous price data, the indicator may show new levels.
🔶 USAGE
Certain indicators on higher timeframes can provide longer term support/resistance levels on lower timeframes. Users can use the provided levels on a chart visible range and use them as reference for future support/resistance levels.
The classification algorithm measures the strength of a support/resistance level using the entire chart visible range and is in a range of 1 to 10, with higher values indicating a weaker support/resistance.
Supports/resistances highlighted by the indicator can be used for future applications by marking them on the chart (quickly done with alt + h).
🔶 DETAILS
All calculations are based on what you see on the Visible Chart, as such changing the chart will recalculate the indicator.
Since only Swings which are not broken are included, every break would exclude that swing. Therefore, even when 'value' is chosen at Settings ('Value'), breaks are always calculated on the entire line.
🔶 SETTINGS
Fade: After x breaks the line becomes invisible
Value:
value:
• SMA, upper/lower: the breaks are triggered on the moving average itself
• Fibonacci Pivot Point levels, Previous High, Previous Low: only last HTF values can be used for breaks
• Swings (see SWING SETTINGS)
line:
• SMA, upper/lower: the breaks are triggered on the entire line, based on its latest value
• Fibonacci Pivot Point Levels, Previous High, Previous Low: breaks are triggered on the entire line, based on its latest value
• Swings (see SWING SETTINGS)
🔹 Swing Settings
Swings are always calculated at current timeframe, setting a HTF is not applicable on Swings.
Left/Right: for Swing calculation ( pivothigh , pivotlow )
Show: enables you to see the pivot points
🔹 Set
N°: The concerning number
TYPE:
• SMA (Simple Moving Average)
• Previous High/Low
• Upper/Lower ( Bollinger Bands )
• Pivot Point levels : "Fibonacci"
LENGTH: sets the 'Number of bars', needed for calculations (applicable for SMA, upper/lower)
MULT: sets the 'Standard deviation factor' (only applicable for upper/lower - BB)
HTF: sets 'Higher Time Frame' (applicable for SMA, upper/lower, Previous High/Low, Fibonacci)
🔹 Show Values
You can make up to 5 values visible (if you want to check/verify), except for Swings (see SWING SETTINGS)
To do so, enable (A -> E), and choose the N° you want to see.
This also is a useful tool if you're not sure which value you want to set.
Moving Averages + BB & R.VWAP StDev (multi-tf)█ Moving Averages + Bollinger Bands and Rolling Volume Weighted Average Price with Standard Deviation Bands (Multi Timeframe)
Multiple moving averages can be independently applied.
The length , type and timeframe of each moving average are configurable .
The lines and colors are customizable too.
This script can display:
Moving Averages
Bollinger Bands
Rolling VWAP and Standard Deviation Bands
Types of Moving Averages:
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Smoothed Moving Average (SMMA)
Weighted Moving Average (WMA)
Volume Weighted Moving Average (VWMA)
Least Squares Moving Average (LSMA)
Hull Moving Average (HMA)
Arnaud Legoux Moving Average (ALMA)
█ Moving Average
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time.
A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance.
█ Bollinger Bands
Bollinger Bands consist of a band of three lines which are plotted in relation to security prices.
The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader, a 20 day moving average is by far the most popular).
The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price.
█ Rolling VWAP
The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day.
Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe.
You can thus use the rolling VWAP on any chart that includes volume information in its data feed.
Because the rolling VWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset.
Based on the previous script :
Volume Support and Resistance*In a cutting system, from the lowest price of the red momentum to the highest price of the green momentum of the range of candles, cuts of different heights are created and the volume of transactions is calculated.
*Volumes in red and green candles each layer are calculated separately.
*The start of the candles can be from a candle other than zero.
*The maximum number of cuts for support or resistance will be separate and user-opinionated. This will help us see the most accurate support or resistance independently and quickly.
*The layer that has (1) the highest volume ratio of green to red, (2) the lowest number of red candles and (3) the highest number of green candles is considered as the best resistance and vice versa as the best support. Therefore, by changing the maximum number of cuts, we should look for the largest ratio of green to red volume for resistance and vice versa for support.
*If the current price is in the range of the momentum candle, the distance of the highest or lowest price of the momentum to hlc3 of the momentum candle will be checked.
*if you get an error message (> 500ms), reduce high_slice or loockback.
*Trading volume is formatted because it varies from very small to very large numbers in different markets and time periods.
Anchored VWAP Pinch & Handoff, Intervals, and Signals"Anchored VWAP Pinch & Handoff, Intervals, and Signals" is an AVWAP toolbox for those who like to use various VWAP trading techniques. The indicator is currently comprised of the following three sections:
• The Pinch & Handoff section (shown above on chart) allows manually setting an upper and lower AVWAP (Pinch) along with an additional AVWAP (Handoff) by entering dates or by dragging the vertical anchor lines to the desired significant events on chart. Each of these three AVWAPs can also be set to show zones above and/or below by a percentage or standard deviation amount. The theory behind this method is that the upper and lower AVWAPs may act as dynamic support and resistance levels, effectively creating a price range or channel. As price moves between these two VWAP levels, it becomes squeezed or consolidated within that range. Further conjecture is that the longer the price remains within the range of the two anchored VWAP values, the higher the potential for an explosive breakout. Traders using this strategy may interpret the prolonged consolidation as a period of price compression, with the expectation that a significant move in either direction is likely to occur. Traders employing the AVWAP Pinch strategy might look for specific chart patterns or additional confirmation signals to enter a trade. For example, a breakout above the upper anchored VWAP level could trigger a long trade, while a breakdown below the lower anchored VWAP level could signal a short trade. Stop-loss orders and profit targets are typically set based on the trader's risk tolerance and the volatility of the asset. The third AVWAP (Handoff) is typically set after price has broken through the Pinch, and is used as a new level of support or resistance. The "Pinch & Handoff" phrase is believed to have been coined by Brian Shannon, who has popularized this method.
• The Intervals section (shown above on chart) is comprised of six periodic AVWAPs which cyclically reset. Their default settings are 1 Day, 2 Days, 1 Week, 1 Month, 1 Quarter, and 1 Year. They each may be set to desired period and when they are enabled the VWAPs whose periods are lower than the current chart timeframe are automatically hidden. For example a 1 Day AVWAP is not useful on a 1 Week chart so it would be hidden from that timeframe. When using AVWAPs from higher timeframes it may be helpful to set your chart to "Scale price chart only". This can be enabled by right clicking on your chart's price column and then left clicking "Scale price chart only" to enable that option.
• The Auto section (shown above on chart) is comprised of two automatic Anchored VWAPs. There are choices for setting anchors automatically based upon Highest Source, Highest Volume, Lowest Source, Lowest Volume, Pivot High, and Pivot Low. Because these two VWAPs work retroactively they are drawn with lines instead of plots. There is currently a limitation of 500 lines that may be drawn at any given time and the logic within this indicator uses a line for every bar of VWAP that is drawn, so if the combined length of both of these VWAPs exceeds 500 bars the earliest lines would disappear. For typical use of looking for the highest high in the last 50 bars or the last fractal this limitation should not be an issue.
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All of the plots have been titled including hidden plots that are generated for the AVWAP line drawings. All of the various types of AVWAP within the indicator should be available as choices within the Alert creation dialog if use of alerts is desired.
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NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Buyside & Sellside Liquidity [LuxAlgo]The Buyside & Sellside Liquidity indicator aims to detect & highlight the first and arguably most important concept within the ICT trading methodology, Liquidity levels.
🔶 SETTINGS
🔹 Liquidity Levels
Detection Length: Lookback period
Margin: Sets margin/sensitivity for a liquidity level detection
🔹 Liquidity Zones
Buyside Liquidity Zones: Enables display of the buyside liquidity zones.
Margin: Sets margin/sensitivity for the liquidity zone boundaries.
Color: Color option for buyside liquidity levels & zones.
Sellside Liquidity Zones: Enables display of the sellside liquidity zones.
Margin: Sets margin/sensitivity for the liquidity zone boundaries.
Color: Color option for sellside liquidity levels & zones.
🔹 Liquidity Voids
Liquidity Voids: Enables display of both bullish and bearish liquidity voids.
Label: Enables display of a label indicating liquidity voids.
🔹 Display Options
Mode: Controls the lookback length of detection and visualization, where Present assumes last 500 bars and Historical assumes all data available to the user
# Visible Levels: Controls the amount of the liquidity levels/zones to be visualized.
🔶 USAGE
Definitions of Liquidity refer to the availability of orders at specific price levels in the market, allowing transactions to occur smoothly.
In the context of Inner Circle Trader's teachings, liquidity mainly relates to stop losses or pending orders and liquidity level/pool, highlighting a concentration of buy or sell orders at specific price levels. Smart money traders, such as banks and other large institutions, often target these liquidity levels/pools to accumulate or distribute their positions.
There are two types of liquidity; Buyside liquidity and Sellside liquidity .
Buyside liquidity represents a level on the chart where short sellers will have their stops positioned, and Sellside liquidity represents a level on the chart where long-biased traders will place their stops.
These areas often act as support or resistance levels and can provide trading opportunities.
When the liquidity levels are breached at which many stop/limit orders are placed have been traded through, the script will create a zone aiming to provide additional insight to figure out the odds of the next price action.
Reversal: It’s common that the price may reverse course and head in the opposite direction, seeking liquidity at the opposite extreme.
Continuation: When the zone is also broken it is a sign for continuation price action.
It's worth noting that ICT concepts are specific to the methodology developed by Michael J. Huddleston and may not align with other trading approaches or strategies.
🔶 DETAILS
Liquidity voids are sudden changes in price when the price jumps from one level to another. Liquidity voids will appear as a single or a group of candles that are all positioned in the same direction. These candles typically have large real bodies and very short wicks, suggesting very little disagreement between buyers and sellers. The peculiar thing about liquidity voids is that they almost always fill up.
🔶 ALERTS
When an alert is configured, the user will have the ability to be notified in case;
Liquidity level is detected/updated.
Liquidity level is breached.
🔶 RELATED SCRIPTS
ICT-Concepts
ICT-Macros
Imbalance-Detector
Liquidity Zones[Angel Algo]OVERVIEW
The "Liquidity Zones" indicator is a tool for traders to identify high and low liquidity areas on a chart. The indicator plots the highest and lowest volume levels within a rolling window of a specified period and calculates the corresponding price levels and zones at which those volumes occurred. The calculated areas represent key support and resistance levels in the market.
HOW TO USE
Once added, the indicator will plot the high and low liquidity zones on the chart based on the settings. Users can then adjust the indicator inputs to customize its behavior and appearance. Additionally, users can set up trading alerts based on the indicator's signals by clicking the "Create Alert" button in the alert section of the indicator's settings.
The bar coloring feature helps users identify trends and sideways market conditions. When this feature is enabled, the bars on the chart are colored based on their position relative to the highest volume levels calculated by the indicator. If a bar's closing price is above the zone, the bar is colored green. If the closing price is below the zone, the bar is colored red. If the closing price is between these two levels, the bar is colored blue.
This color-coding makes it easy to quickly identify periods of bullish or bearish momentum in the market. When the bars are mostly green, it suggests that buyers are in control and the market is in an uptrend. Conversely, when the bars are mostly red, it suggests that sellers are in control and the market is in a downtrend. The blue bars, on the other hand, indicate a sideways or consolidating market, where neither buyers nor sellers are clearly in control. These periods can be difficult to trade, as there is often a lack of clear direction in price movements.
When the Support/Resistance coloring feature is enabled, the indicator colors the high liquidity zones based on whether the opening and closing prices of the latest candle are above or below the zone. If the opening and closing prices are both above the high liquidity zone, the zone is colored green, indicating potential support. Conversely, if the opening and closing prices are both below the high liquidity zone, the zone is colored red, indicating potential resistance. If the opening and closing prices are inside the high liquidity zone, the zone is colored blue, indicating a neutral zone where price may continue to oscillate. This feature can help traders identify potential areas of support and resistance, and provide insights into market sentiment.
The indicator also includes trading alerts based on the position of the price relative to the highest volume zones. If the price goes above the zone, the indicator will trigger a bullish signal. If the price goes below the level, the indicator will trigger a bearish signal.
SETTINGS
The indicator has several customizable inputs that allow users to tailor its behavior to their preferences. These inputs include:
Period: The number of bars over which to calculate the highest and lowest volumes. The default value is 20. Recommended value range 10-500.
Bar coloring: Whether to color the bars based on their position relative to the high liquidity zones. The default value is false.
Support/Resistance coloring: Whether the high liquidity zone should be colorized depending on whether the price is above or below it. The default value is false.
Display high liquidity zones: Whether to display the high liquidity zones on the chart. The default value is true.
Display low liquidity levels: Whether to display the low liquidity levels on the chart. The default value is false.
DB Support Resistance Levels + Smart Higher Highs and Lower LowsDB Support Resistance Levels + Smart Higher Highs and Lower Lows
The indicator plots historic lines for high, low and close prices shown in settings as "base levels". Users can control the lookback period that is plotted along with an optional multiplier. Traders will notice that the price bounces off these historic base levels. The base levels are shown as light gray by default (customizable in the settings). Users may choose to display base levels by a combination of historic high, low and close values.
On top of the historic base levels, the indicator display higher high and lower low levels from the current bar high/low. Higher highs are shown by default in pink and lower lows by default in yellow. The user can adjust the lookback period for displaying higher highs and the optional multiplier. Only historic values higher than the current bar high are displayed filtering out (by highlighting) the remaining levels for the current bar. Users may choose to use a combination of historic open, low and close values for displaying higher highs. The user can adjust the lookback period for displaying lower lows and the optional multiplier. Only historic values lower than the current bar low are displayed filtering out (by highlighting) the remaining levels for the current bar. Users may choose to use a combination of historic open, low and close values for displaying lower low.
The indicator includes two optional filters for filtering out higher highs and lower lows to focus (highlight) the most relevant levels. The filters include KC and a simple price multiplier filter. The latter is enabled by default and recommended.
The indicator aims to provide two things; first a simple plot of historic base levels and second as the price moves to highlight the most relevant levels for the current price action. While the indicator works on all timeframes, it was tested with the weekly. Please keep in mind adjusting the timeframe may require the lookback settings to be adjusted to ensure the bars are within range.
How should I use this indicator?
Traders may use this indicator to gain a visual reference of support and resistance levels from higher periods of time with the most likely levels highlighted in pink and yellow. Replaying the indicator gives a visual show of levels in action and just how very often price action bounces from these highlighted levels.
Additional Notes
This indicator does increase the max total lines allowed which may impact performance depending on device specs. No alerts or signals for now. Perhaps coming soon...
Dual Dynamic Fibonacci Retracement — Long and Short Duration
Title : "The Dual-Dynamic Fibonacci Retracement Script: An Advanced Tool for Comprehensive Market Analysis"
As the author of the "Dual-Dynamic Fibonacci Retracement Script", I am delighted to introduce you to this cutting-edge tool for technical analysis. Unlike conventional Fibonacci scripts, this advanced model incorporates multiple unique features and adjustments that make it a powerful asset for any market analyst. Whether you're dealing with forex, commodities, equities or any other market, this script is versatile enough to enhance your trading strategy.
Uniqueness & Differentiation:
The "Dual-Dynamic Fibonacci Script" stands out by offering two distinct lookback periods. This feature is what separates it from other scripts available in the market. The first lookback period is longer, focusing on capturing broader market trends. The second lookback period is shorter, allowing for a more granular analysis of near-term market fluctuations. This dual perspective provides a more comprehensive view of the market, allowing you to see both the forest and the trees at the same time.
Fibonacci Levels:
While offering the standard Fibonacci retracement levels (0.236, 0.382, 0.5, 0.618, 0.786, and 1.0), the script also gives you the ability to plot 0.114 and 0.886 levels. These additional levels offer an extra layer of depth to your analysis, and can prove crucial in high-volatility markets where they often serve as significant support and resistance points.
Customizable Line Shifts and Extends:
This script provides options for customization of the shift and extension of the plotted lines. This means you can adjust the start and end points of the Fibonacci lines according to your personal trading style and strategy. This level of personalization is not typically available in other scripts, and it allows for a more tailored visual representation.
Flexible Trading Positioning:
Depending on whether the closing price is above or below the midpoint of the pivot high and pivot low, the Fibonacci retracement levels are adjusted accordingly. This ensures the script remains relevant and useful regardless of market conditions.
Clean Visualization:
To prevent clutter and maintain focus on the most relevant price action, the script removes old Fibonacci lines and plots new ones once a new pivot high or low is identified. This clean visualization helps keep your analysis focused and sharp.
How to Use the Script:
To get started, simply adjust the lookback periods according to your trading strategy. If you're a long-term investor or prefer swing trading, a longer lookback period might be appropriate. Conversely, if you're a day trader, a shorter lookback period might be more beneficial.
The "Shift" and "Extend" inputs allow you to control the positioning of the Fibonacci lines on your chart. Positive values shift the lines to the right, while negative values shift them to the left.
You also have the choice to plot the additional Fibonacci levels (0.114 and 0.886) via the "Plot 0.114 and 0.886 levels?" input. Similarly, the "Plot second set of levels?" input lets you decide whether to display the second set of Fibonacci levels derived from the shorter lookback period.
Like any technical analysis tool, this script is most effective when used in conjunction with other indicators and methods of analysis. It is designed to work well in trending markets, where Fibonacci retracements can often indicate potential reversal levels. However, it's always recommended to use a holistic approach to market analysis to maximize the likelihood of successful trades.
Note: the two lines drawn on the chart are there to help the user identify the levels from which the two respective Fib sequences are calculated.
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Input Explanations:
Long Period Pivot High/Low Lookback and Short Period Pivot High/Low Lookback : These settings determine the length of the lookback periods for the long-term and short-term pivot points, respectively. A pivot point is a technical analysis indicator used to determine the overall trend of the market over different time frames. The pivot points are then used to calculate the Fibonacci levels. A longer lookback period will identify pivot points over a broader time frame, capturing major market trends, while a shorter lookback period will identify pivot points over a narrower time frame, capturing more immediate market movements.
Long Period Fibonacci Level Shift and Short Period Fibonacci Level Shift : These inputs control the shift of the Fibonacci levels based on the long and short lookback periods, respectively. If you want to shift the Fibonacci levels to the right, increase the value. If you want to shift the Fibonacci levels to the left, decrease the value. This allows you to adjust the Fibonacci levels to better align with your analysis.
Long Period Fibonacci Level Extend and Short Period Fibonacci Level Extend : These inputs control the extension of the Fibonacci levels based on the long and short lookback periods, respectively. If you want the Fibonacci levels to extend further to the right, increase the value. If you want the Fibonacci levels to extend less to the right, decrease the value. This feature provides the flexibility to adjust the length of the Fibonacci levels according to your personal trading preferences and strategy.
Plot 0.114 and 0.886 levels? : This setting gives you the ability to plot the additional 0.114 and 0.886 Fibonacci levels. These levels provide extra depth to your analysis, particularly in highly volatile markets where they can act as significant support and resistance levels.
Plot second set of levels? : This input allows you to decide whether to plot the second set of Fibonacci levels based on the short lookback period. Displaying this second set of levels can provide a more granular view of market movements and potential reversal points, enhancing your overall analysis.
Volume Profile Regression Channel [LuxAlgo]The Volume Profile Regression Channel calculates a volume profile from an anchored linear regression channel. Users can choose the starting and ending points for the indicator calculation interval.
Like a regular volume profile, a "line" of control (LOC), value area, and a developing LOC are displayed.
🔶 SETTINGS
Sections: The number of sections the linear regression channel is divided into for the calculation of the volume profile.
Width %: Determines the length of the profile within the channel relative to the channel length.
Value Area %: Highlights the sections starting from the POC whose accumulated volume is equal to the user-defined percentage of the total profile sections volume.
🔶 USAGES
Regular volume profiles are often constructed from a horizontal price area, this can allow highlighting price areas where most trading activity takes place.
However, when price is strongly trending a classical volume profile can sometimes be more uniform. This is where using an angled volume profile can be useful.
The line of control allows highlighting the section of the channel with the most accumulated volume, this line can be used as a potential future support/resistance. This is where an angled volume profile might be the most useful.
The developing LOC highlights the LOC location at a specific time within the profile (from left to right) and can sometimes provide an estimate of the underlying trend in the price.
🔶 DETAILS
To be computed the script requires a left and right chart time coordinates. When adding the script to their charts users can determine the left and right time coordinates by clicking on the chart.
The linear regression channel width is determined so that the channel precisely encompasses the whole price.
🔶 LIMITATIONS
Using a very large calculation interval can return timeouts. Users can reduce the calculation interval to fix that issue from occurring.
The amount of drawing objects that can be used is limited, as such using a high calculation interval can display an incomplete profile.
🔶 ACKNOWLEDGEMENTS
If you are interested in these types of scripts, @HeWhoMustNotBeNamed published a similar script where users can use a custom line angle. See his 'Angled Volume Profile' script from March 2023.
Support & Resistance ZonesTitle: A Comprehensive Guide to the Support & Resistance Zones Indicator
Introduction
In the world of technical analysis, the Support & Resistance Zones indicator plays a crucial role in identifying potential trading opportunities. These zones are essential for traders looking to capitalize on bounces or break and retests. In this article, we will delve into the specifics of the Support & Resistance Zones indicator, outlining how it works, how it finds and marks zones, and the various options available for traders.
What the indicator is about
The Support & Resistance Zones indicator, developed by @HarryCTC, is a powerful tool for detecting areas of potential price reversal or consolidation in a financial market. These zones are significant as they can act as a guide for traders to make informed decisions on entering or exiting positions. Specifically, the indicator helps identify:
1. Support Zones: Areas where the price has a tendency to bounce back up after falling, indicating a potential buying opportunity.
2. Resistance Zones: Areas where the price has a tendency to reverse after rising, indicating a potential selling opportunity.
How the indicator finds its zones
The Support & Resistance Zones indicator utilizes pivot points to identify potential support and resistance levels. By analyzing the fractal structure of the price chart, the indicator identifies key turning points, known as bull and bear fractals. The bull fractal is a high pivot point, while the bear fractal is a low pivot point.
The fractal structure is determined by the 'Switch Zone Period' input, which can be adjusted to suit the trader's preferences. A higher value will result in fewer zones being identified, while a lower value will result in more zones.
How it marks zones and why it marks zones
The indicator marks the support and resistance zones by creating rectangular boxes around the identified fractal points. The zones are extended horizontally from the fractal point, allowing traders to visualize the potential areas of price reversal.
The zones are marked for the following reasons:
1. To provide a clear visual representation of potential support and resistance levels.
2. To help traders identify potential entry and exit points based on the price's reaction to these zones.
3. To serve as a reference for stop-loss and take-profit levels when planning trades.
The indicator's for traders trading bounces or break and retests
Traders who focus on trading bounces or break and retests can benefit immensely from the Support & Resistance Zones indicator. By providing a visual representation of key support and resistance levels, the indicator enables traders to:
1. Identify potential buying opportunities at support zones where the price is likely to bounce back up.
2. Identify potential selling opportunities at resistance zones where the price is likely to reverse after rising.
3. Make informed decisions on stop-loss and take-profit levels based on the price's proximity to support and resistance zones.
4. Monitor the market for potential breakouts or breakdowns when the price breaches these zones.
Indicator options
The Support & Resistance Zones indicator offers several customizable options to suit the trader's preferences. These options include:
1. Switch Zone Period: Adjusts the number of periods used to calculate the fractal structure, influencing the number of identified zones.
2. No. of Displayed Zones: Determines the maximum number of zones displayed on the chart, ranging from 1 to 8.
3. Zone Extension: Adjusts the horizontal extension of the support and resistance zones.
4. Resistance Zone Color: Customizes the color of the resistance zone boxes.
5. Support Zone Color: Customizes the color of the support zone boxes.
6. Zone Border Color: Customizes the color of the zone box borders.
Conclusion
The Support & Resistance Zones indicator is a valuable tool for traders looking to identify potential trading opportunities based on the price's interaction with support and resistance levels. By providing a clear visual representation of these zones, the
indicator allows traders to make informed decisions on entry and exit points, stop-loss, and take-profit levels. With customizable options, the indicator can be tailored to suit individual trading preferences and strategies.
28 Levels V0.1V 0.1
Daily, weekly and monthly important key levels for trading options.
FYI: Not fully functional. It will take ongoing effort to complete the algo.
