Session High Low
This indicator shows Session High Low line and prices.
1: Session range is adjustable based on your timeframe. Nomore confusing timezone settings.
You can choose your timezone then set your Session start and end time.
Script will show you the following session high and low lines which is extendable until next session.
2: All historical lines and price levels are can be partially or fully hidden.
And line colors are adjustable so you can use suitable color on your chart.
Based on session you choose this script can be used as a session break strategy AKA (Asian session break, London session break strategy).
You can create your own trading Session and high lows.
Personally I monitor how price reacts on London session high lows during the NewYork trading session.
In this chart Session starts at 8am (London open) and closes at 12:30 (NewYork open). Script is showing high lows only in this session range.
Always double confirm with your trading style. It's not a Financial advice.
Inputs:
1: Hide history - Hides all historical lines and prices that means you can see only todays session.
2: Show price - Shows price level of session high lows. You can hide price level if you want to see only lines.
3: Session time - You can set your time range of session.
4: Start time - Session start time. You can see vertical line on your chart or you can hide line.
5: End time - Session end time. You can see vertical line on your chart or you can hide line.
6: Line extend time - End of the high low lines. You can draw line until the end of the session or you can draw short line.
7: All line and price colors are optional.
Thank you.
Wsparcie i Opór
Manoj S/Rsupply and demand zone
supply and demand zone
supply and demand zone
supply and demand zone
MauBui-Finance (top)MauBui-Finance (bottom) indicator is a combination of 4 EMA & Support - Resistant. The main purpose of this indicator is to help MauBuiFinance's member can find and apply 4 EMA & Support - Resistant to their chart easily.
MauBui-Finance (bottom)MauBui-Finance (bottom) indicator is a combination of RSI & MFI. The main purpose of this indicator is to help MauBuiFinance's member can find and apply RSI & MFI to their chart easily.
+ Multi-timeframe Multiple Moving Average LinesThis is a pretty simple script that plots lines for various moving averages (what I think are the most commonly used across all markets) of varying lengths of timeframes of the user's choosing. Timeframes range from 5 minutes up to one month, so regardless if you're a scalper or a swing trader there should be something here for you.
There are 8 lines (that can be turned on/off individually), which may seem like a lot, but if you use two averages and want to display four different timeframes for each, you can do that. The nice thing is that because the lines start plotting from the current bar they won't clutter up the screen. And obviously having moving averages from different timeframes on your chart makes price action more difficult to read (I mean sure, you can make them invisible, but who wants to do that all the time).
For each line there are two labels. One with the moving average type, and the other with its specific timeframe. I can't include the moving average length because it's not a string input. If anyone has a workaround for this, let me know, otherwise I would simply recommend setting different colors depending on the length, or if you only use one or two lengths and one or two moving averages this shouldn't be an issue. I had to use two labels because for the label text I couldn't include more than one string input, this is why there is an input for the 'moving average type label distance.'' You will want to adjust this depending on if you are trading crypto, futures, or forex because in some cases there may still be label overlap.
Pretty much everything else is self-explanatory.
I've added alerts. I might need to modify them if I can, because it would be nice for them to state the name and timeframe of the moving average. But I think this will do for now.
Enjoy!
nifty gann & 100 levelsnifty gannlevels with 100 points defference
gann levels with manual entry of cuurent gann level
manual entry of diffeence between two gann levels
Visible Range Mean Deviation Histogram [LuxAlgo]This script displays a histogram from the mean and standard deviation of the visible price values on the chart. Bin counting is done relative to high/low prices instead of counting the price values within each bin, returning a smoother histogram as a result.
Settings
Bins Per Side: Number of bins computed above and below the price mean
Deviation Multiplier: Standard deviation multiplier
Style
Relative: Determines whether the bins length is relative to the maximum bin count, with a length controlled with the width settings to the left.
Bin Colors: Bin/POC Lines colors
Show POCs: Shows point of controls
Usage
Histograms are generally used to estimate the underlying distribution of a series of observations, their construction is generally done taking into account the overall price range.
The proposed histogram construct N intervals above*below the mean of the visible price, with each interval having a size of: σ × Mult / N , where σ is the standard deviation and N the number of Bins per side and is determined by the user. The standard deviation multipliers are highlighted at the left side of each bin.
A high bin count reflects a higher series of observations laying within that specific interval, this can be useful to highlight ranging price areas.
POCs highlight the most significant bins and can be used as potential support/resistances.
VWAP + EMA Analysis [Joshlo]Overview and Use Case
VWAP Analysis gives the possibility to combine multiple time frames of VWAP along with a triplet of exponential moving averages. This can provide insight into potential scalp, swing and longer term trades, depending on your time frame. The use of this indicator with it's setup is based off the the Scalp Setup Alerts provided by Roensch Capital.
The primary use for this script is to help with intraday scalp set ups. Using the Daily VWAP, turned on by default, we can look for price to respect and bounce from one of the VWAP lines (support or resistance) back toward equilibrium, we can also look for price to bounce off of equilibrium and move back toward VWAP support or resistance.
The chart attached shows AMD bouncing off of the Daily time frame VWAP Resistance level multiple times (see yellow boxes), often with confirmation given by an increase in volume which is often far higher than the average volume. In many of these cases a short position could've been opened or put option could have been placed with a profitable outcome.
Every line projected onto the chart via this indicator has the potential to create support or resistance as well as causing 'hang ups', meaning price loses it's momentum, slows down and hangs out in the particular area. This is shown on the chart within the green box.
Chart walkthrough - See attached chart
After a rejection off of the Daily VWAP Resistance line (depicted by the white circle), price starts to move back toward Daily VWAP Equilibrium. In order to reach this line, price needs to move through the 20EMA (white) and 50EMA (purple), the Weekly VWAP Resistance (red circles) and the 200EMA (orange). All of these lines are a part of this single indicator.
The 20EMA seems to offer little resistance but follows the price on it's move, offering some resistance to a volatile move upward. Initially upon contact with the 50EMA, price hangs up and bounces above and below the line whilst finding support on the Weekly VWAP Resistance at the same time. This causes a 'hang up' or sideways movement for around 20 minutes of trading. A potential trade may have entered at the white circle with a VWAP Resistance rejection and exited upon contact with the 50EMA in anticipation of multiple EMAs and support / resistance lines converging which is known to cause price movement to slow.
Eventually with an increase in volume, price breaks below the 20EMA (white), 50EMA (purple) and the Weekly VWAP Resistance level (red circles). Price then finds support on the 200EMA (orange), although there was potential for the price to fall to the Daily VWAP Equilibrium (solid blue). As the Red VWAP lines tend to act more often as resistance as opposed to support (price is rarely above these lines for extended periods), the trade from earlier may have profited more by awaiting contact with the 200EMA before exiting, taking the assumption that the Weekly VWAP Resistance was more likely to act as resistance than support.
A period of consolidation in the green box, around the Weekly VWAP Resistance, 20EMA, 50EMA and with support from the 200EMA eventually resulted in another break out where the price came back up to the Daily VWAP Resistance. Prior to the end of this trading day, there were two more opportunities for scalp setups based off of the price showing consistent rejections off the Daily VWAP Resistance back down to the 50EMA.
In the final example, price breaks above the Daily VWAP Resistance but quickly rejects off of the Monthly VWAP Resistance. For examples where the VWAP Resistance or Support or broken, it can help to look at an indicator such as the RSI to look for bullish divergence or bearish divergence.
Just as this example shows bounces and rejection off of VWAP Resistance, the same applies around the Equilibrium and Support VWAP lines.
The perfect scenario would be to find a ticker where there has already been two or three bounces off of one of these levels, with the goal of taking the trade on the next bounce and either using a percentage price target or technical price target based off of the EMAs or VWAP lines. If there are EMAs close in the direction you want to take the trade, there is a higher chance of hang ups and reversals, so a clear run is the more desired trade set up.
You can also look for these indicator lines to stack up in order to form a stronger support and resistance. For example the 200EMA and Daily VWAP Equilibrium being close to each other may suggest it would take more of an effort to break both of these levels, but one by itself may break more easily.
Indicator Setup
In the settings for the indicator, almost everything you might want to change can be done from the Input tab.
The three options for VWAP (daily, weekly and monthly) allow for analysis on multiple time frames. Daily is turned on as standard.
Standard Deviation Multiplier is set to 2 as standard, this effects the distance of the VWAP support and resistance from the equilibrium line. This seems to be a level that works well with finding support and resistance lines, however if there is excessively high or low volume, occasionally the lines can be thrown off. You can adjust this level if required to find a 'sweet spot' where price likes to reject or find support.
The colors for all VWAPs can be adjusted via the Inputs tab, however if you'd like to change the type of line these are depicted as, this can be done from the Styles tab.
The 3 EMAs (20, 50 and 200) can be toggled on or off and also have their color changed. The style of the lines can be adjusted from with the Styles tab if required.
.srb suite Fib Retracement neoSPECIAL TOOLS - Auto Fibonacci Retracement neo - New GUI
designed for use with open-source indicator
'built-in auto FBR ' has been re-born
It shows - retracement Max top/ min bottom ; for higher visibility
It shows - current retracement position ; for higher visibility
The display of the Fib position that exceeds the regular range is auto-determined according to the price.
Fib.Retracement core is from tradingview built-in FBR ---> upgrade new-type GUI, and performance tuned.
The Ultimate Backtest - Fontiramisu█ OVERVIEW
The Ultimate Backtest allows you to create an infinite number of trading strategies and backtest them easily and quickly.
You can leverage the trading setup you created with the tradingview's real-time alert system.
The tool is constantly being improved to accommodate more in-house indicators in order to imagine more trading strategies.
█ HOW IT WORKS.
The tool is divided into 3 main parts:
1. The indicators:
These are the indicators that you will be able to set up to create your setups.
Example: rsi, exponential moving average, home made resistance/support indicator etc.
We are working to add more and more in-house indicators to multiply the trading strategies.
2. The entry/exit strategy:
The entry/exit trades management is a central point of the strategy.
Here we propose several ways to take profits and in-house optimizations to enter a position.
3. The setup: the combination of indicators
Here it is up to you to create your own recipe.
You combine the different indicators set up above to make a real strategy.
Example: RSI Divergence + Location on a support.
Let's look at this in more detail.
Below is a description of all sections
█ 1. THE INDICATORS
TREND: MA (moving average) -->
Set up a moving average from multiple methods (sma, ema, smma...) of the type and length you want.
> A long is taken if the price is above the MA.
> A short is taken if the price comes below the MA.
You can set up a smoothing MA from the existing moving average and use it in the same way.
ENVELOPE: SUPER TREND -->
The supertrend is a trend following indicator. It clearly describes the distinction between downtrends and uptrends with a red or green direction. It is calculated according to the ATR and a factor.
> A long is taken when the direction is green and the price touches the supertrend support line.
> A short is taken when the direction is red and the price touches the supertrend resistance line.
ENVELOPE: BOLLINGER BAND -->
Bollinger bands are used to evaluate the volatility and probable evolution of prices, here we exploit the envelope
> A long is taken if the price crosses the lower band.
> A short is taken if the price crosses the upper band.
CLOUD: ICHIMOKU -->
The Ichimoku cloud aims to identify the direction and reversal points of dominant market trends. It displays support and resistance levels.
> A long is taken when the price enters the green ichimoku cloud.
> A short is taken when the price enters the red ichimoku cloud.
MOMENTUM: MACD ZERO LAG / MACD / RSI -->
RSI (Relative Strength Index) reflects the relative strength of upward movements, compared to downward movements.
MACD (Moving Average Convergence Divergence) is a momentum indicator that follows the trend and shows the correlation between two moving averages of the asset price.
MACD ZERO LAG is calculated in the same way except that the exponential moving averages that make up the calculation do not lag.
> A long is taken on a potential bullish divergence.
> A short is taken on a potential bearish divergence.
For now, with these indicators, we only take a trade based on divergences but we will add overbuy/oversell etc.
MOMENTUM: MA SLOPE -->
This house indicator allows you to use the slope of a moving average as a measure of momentum.
Define the length of the moving average whose slope we will take.
We then take a fast ma of the slope then a slow ma (You define the lengths with the parameters)
The tool foresees a subtraction between the slow and fast ma to have another interpretation of the slope.
This indicator is available and can be viewed freely on my tradingview profile.
> A long is taken when there is a potential bullish divergence on the fast/slow MA or the difference.
> A short is taken when there is a potential bear divergence on the fast/slow MA or the difference.
RESISTANCE: R/S FONTIRAMISU -->
An in-house indicator that shows resistances and supports according to the chosen parameters.
Indicator available and can be viewed freely on my tradingview profile.
> A long is taken when the price arrives on a support.
> A short is taken when the price arrives on a resistance.
-----
MOMENTUM DIVERGENCE -->
Section used to set the divergence detection.
The first field allows you to select which momentum you want to calculate the divergence on.
PIVOT DETECTION -->
Used to calculate top and dip on the chart, it is used with divergences/resistances/enter-exit optimizations....
Default parameters are: Deviation: 2.5, Depth: 10.
█ 2. STRATEGY FOR ENTERING/EXITING TRADES.
STRATEGY: TP/SL -->
Enter/Exit Trade Mode" field: The first field allows you to choose between two modes:
1. TP/SL Mode:
This mode allows you to take entries with take profits that you define afterwards with the TP1 and TP2 parameters .
> The stop loss is calculated automatically by taking the last dip if it is a long and the last top if it is a short.
> You can add a "Stop Loss % Offset" which will increase the size of the stop loss by the % value you set.
> If you activate TP2, the profit taking is split between TP1 and TP2, you can select the percentage of profit taking split between TP1 and TP2 via the "Percent Exit Profit TP1" field.
> The "TPX Multiplier" fields allow you to define the desired Risk Reward, if = 1 then RR = 1/1.
> A Trailing stop option is available, if active then the profit take will be split between TP1 and Trailing stop.
For the moment you can choose between the two MA's set up above to serve as trailing stop:
> In long, if the price goes below the MA then you take the profit (or the loss)
> In short, if the price goes above the MA then you take the profit (or the loss)
2. ONLY BUY/SELL:
Here the take profits are not taken into account, we only have an alternation between the long and the shorts.
The trailing stop applies to this mode and can be interesting depending on the use.
STRATEGY: SETUP OPTIMIZER (FP) -->
Here we have 3 home made optimization tools to take more relevant trades.
1. FAVORABLE ENTRY FROM PIVOT.
Here the tool will favor entries with interesting locations depending on dips and tops before.
A red cross with "FP" will appear on the chart each time a trade does not meet this condition.
2.STOP LOSS MAX (SL).
Will only take trades where the stop loss is maximum at X%.
A red cross with "%SL" will appear on the chart each time a trade does not meet this condition.
3. MOVE ALREADY TRADED.
Will not take several trades in the same move.
This can avoid cascading losing trades on some setups.
A red cross with "MT" will appear on the chart each time a trade does not meet this condition.
█ 3. THE SETUP: THE COMBINATION OF INDICATORS
Here, let your creativity speak.
You are free to assemble the indicators in the following way:
The conditions defined inside a group (group1/group2/group3) are combined to each other via an OR operator .
Example, if "cond01 = Momentum DIv" and "cond02 = Res/Sup Location", then trades will be triggered if one of the two conditions is met.
The conditions defined between several groups are multiplied via the AND operator .
Example, if "cond01 = Momentum DIv" and "cond12 = Res/Sup Location", then trades are taken if both conditions are met at the same time.
ALL CONDITIONS:
> NONE
No conditions selected.
> Momentum Div
Triggers when a potential divergence occurs on the selected momentum (in the divergence section).
> Momentum Div UT Sup
Triggers when a potential divergence occurs on the selected momentum (in the divergence section) in the upper timeframe.
The upper timeframe of the momentum is calculated directly in the code by multiplying the set parameters by 4 (fastlenght/slowlenght...).
> Multi MA
It is set in the "Trend: MA" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Smooting MA
Is set in the "Trend: MA" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Super Trend Env
Is set in the "ENVELOPE: SUPER TREND" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> BB Env
It is set in the "ENVELOPE: BOLLINGER BAND" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Ichimoku Cloud
Is set in the "CLOUD: ICHIMOKU" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Res/Sup Location
Is set in the "RESISTANCE: R/S" section and is triggered by the conditions mentioned in the "INDICATORS" section.
Structured zigzag support&resistance [LM]Hello Traders,
I would like to introduce you Structured zigzag support&resistance. It is based on the ZigZag semafor script made by DevLucem so shout out to him
The indicator is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones
I's the same zigzag indicator as my other zigzag indicator with highlight on diagonal lines(highs and lows are automatically classified and also new types of diagonal lines that connects low or highs and extends to right are drawn )
It has two settings:
Fist is to control horizontal lines and zigzag setting
Second is to control diagonal lines
I hope you will enjoy it as I enjoyed to write it.
Lukas
Lune Market Analysis Premium- Version 0.9 -
Lune Algo was developed and built by Lune Trading, utilizing years of their trading expertise. This indicator works on all stocks, cryptos, indices, forex, futures , currencies, ETF's, energy and commodities. All the tools and features you need to assist you on your trading journey. Best of all, Lune Algo is easy to use and many of our tools and strategies have been thoroughly backtested thousands of times to ensure that users have the best experience possible.
Overview
Trade Dashboard—Provides information about the current market conditions, Such as if the market is trending up or down, how much volatility is in the market and even displays information about the current signal.
Trade Statistics—This tool gives you a breakdown of the Statistics of the current selected strategy based on backtests. It tells you the percentage of how often a Take Profit or Stop Loss was hit within a specific time period. Risk and Trade management is very important in trading, and can be the difference between a winning and losing strategy. So we believe that this was mandatory.
Current Features:
Advanced Buy and Sell Signals
Exclusive built-in Strategies
Lune Confidence AI
EK Clouds
Reversal Bands
Vray (Volume Ray)
Divergence Signals
Reversal Signals
Support/Resistance Zones
Built-in Themes
Built-in Risk Management system (take profit/stop loss)
Trade Statistics
Trade Assistance
Trade Dashboard
Advanced Settings
+ More coming soon, Big plans!
Features Breakdown:
Lune Confirmation—Used to help you confirm your trades and trend direction. It uses unique calculations, and its settings can be adjusted to allow traders to adapt the settings to fit their trading style.
Lune Confidence AI—All strategies are equipped with our exclusive built-in Confidence AI. This feature tells you how much confluence there is in a trade. It uses a rating system where signals are given a number from 0 to 5. A rating of 0 indicates that there is not a lot of confluence or confidence in the signal, while a rating of 5 indicates that there is a lot of confidence in the trade. This feature is not perfect and will be improved overtime.
Support/Resistance Zones—Calculates the most important support/resistance levels based on how many times a level has been used as support or resistance. Traders also refer to these as supply and demand zones and key levels.
EK Clouds—Used to further help you confirm trend and was optimized to also be used as support and resistance. This feature is powered by custom moving averages.
Reversal Bands—An optimized and improved version of the infamous Bollinger Bands. When price action takes place within the Reversal Bands it usually indicates that the current symbol is overextended and a reversal is possible.
Vray—Also Known as "Volume Ray", Assists you in better visualizing volume. This helps you find key levels and areas of support that you wouldn't be able to see otherwise. It helps you trade like the institutions.
This indicator's signals DO NOT REPAINT.
If you are using this script you acknowledge past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
Titans Empirical LevelsThis indicator marks key pivot levels across two higher timeframes, longer term, and medium term.
When a pivot high or low is detected at the higher timeframe, a line is plotted in the future.
The user may select timeframes and pivot sensitivities in the indicator settings.
As no calculation is involved, the levels are identified purely from historical precedent.
Overlapping lines could imply strength of recent support/resistance at that level.
This indicator should be used in combination with other indicators.
The user is advised to use this indicator at his own risk.
ViVen - EXP - Signals with AlertsHi Friends,
Here the trading made easy with Signals...
The main purpose of this indicator is to identify the Support and Resistance levels well in advance to make ourselves ready for the Entries with confidence..
With this indicator we will be able to identify the Market Structure and Trend to initiate our trades.
Multi Timeframe Concepts are considered in some cases to capture the Golden Zones.
Details of the Indicator:
Method of Trading – Intraday, Positional or Swing – Indices, Stocks and Commodity Markets
Golden Zones : When two or more indicator levels are confluences at one price point which will act as Strong Support and Resistance in the Market. That is called Golden Zone.
CPR & Pivot (Daily / Weekly / Monthly) – Based on the previous Timeframe values, it will automatically calculates the Support and Resistance values for the upcoming Sessions.
BUY / SELL Levels (W-Refers the Weekly levels) – Possible Reversal in the market we can expect at this price level. Depends on the Time frame (Daily/Weekly)
Bull BO / Bear BO (W-Refers the Weekly levels) – Possible Breakout level, If breakout happens price will move to reach the Target 1 and 2 Points based on which side the price breaks ( BULLISH / BEARISH ). We can initiate our BUY/SELL Entries.
Target 1 & Target 2 – Once the Price breaks the Breakout (Bull BO / Bear BO) levels, it will try to reach the Target Points where we can book our profits.
Tomorrow Levels - This will help us to enable the next day trading session Support and Resistance Levels in advance to do pre-analysis to prepare for the Entry and Exits.
Colored Candles : Lime Green and Violet colored candles will indicate the Possible Trend Reversals.
Triangles : Orange and Violet triangles will indicate the Confirmation of Trend Reversal.
BUY / SELL Signal – Considering the momentum and the Trend change it will suggest the possible entry time.
Dashboard :
1. Weekly Trend : This will indicate how the current week trend is going to be – Trending / Sideways
2. Today – Current Session expectation in the Market ( Bullish / Bearish )
3. Sentiment – Indicates the Traders mind set (Positive/Negative Side)
4. Range - This will indicate how the current Day trend is going to be – Trending / Sideways
5. MB / MA Trend – This identifies the major trend (Is the Stock / script in Up Trend or Down Trend)
6. Other Parameters – Will indicates the present situation in the market
7. RSI Values – This is to know and understand the momentum of the particular script
Levels Name Explanations:
1. DPP – Daily Pivot Point
2. WPP – Weekly Pivot Point
3. WTC – Weekly Top Central Pivot
4. WBC – Weekly Bottom Central Pivot
5. PDH – Previous Day High
6. PDL – Previous Day Low
7. PWH – Previous Week High
8. PWL – Previous Week Low
9. PMH – Previous Month High
10. PML - Previous Month Low
11. WR1, WR2 – Weekly Resistance Levels 1 & 2
12. WS1, WS2 – Weekly Support 1 & 2
13. 5m 200 EMA – 5 Minutes 200 Period Exponential Moving Average
14. 15m 200 EMA – 15 Minutes 200 Period Exponential Moving Average
15. 1H 200 EMA – 1 Hour 200 Period Exponential Moving Average
16. 1H 200 SMA – 1 Hour 100 Period Simple Moving Average
17. 1D 200 EMA – Daily TF 100 Period Exponential Moving Average
Settings:
To turn ON and OFF any of these levels if it does not require, Go to Indicator Settings and disable the specific levels.
Alerts:
You can enable the Buy / Sell signal Alerts by creating new alert.
To Access the Indicator:
If you want to know more about the indicator & to access for your trading please check the link in the signature below.
If you have any doubts please mention it in the comment section.
Looking forward your valuable comments and feedbacks to improve further in accuracy of our Trading.
Thanks!!
MACD S/R signal indicatorI've based the script on my MACDs/r indicator.
I think it works better on higher timeframes, this is just an experiment, please feel free to modify it.
I have been testing it with parabolic SARS to know when to exit the trades.
Exit condition: if I'm in a log position and the price is below the last bearish parabolic SARS dot I exit the trade and the opposite for shorts
DISCLAIMER: Is just an experiment and I haven't test it with real money, be careful
VWAP and previous VWAP for Support & Resistance for D W MI overhauled my old multi timeframe VWAP script to make the VWAP OC-Check work for all timeframes. Now only one function is used to calculate the 3 preset VWAPs.
Previous VWAPS = the price where the last session closed sometimes work as Support and Resistance.
The OC-Check Mode theory examines if the VWAP from the Open is above or below the VWAP from Close
and if price is above or below normal VWAP (HLC3).
This way we have 4 states:
Red = Strong Downtrend
Orange = Weak Downtrend
Blue = Weak Uptrend
Green = Strong Uptrend
As always it is just a theory - nothing is set in stone regarding any indicator.
Price Pivots for NSE Index & F&O StocksPrice Pivots for NSE Index & F&O Stocks
What is this Indicator?
• This indicator calculates the price range a Stock or Index can move in a Day, Week or Month.
Advantages of this Indicator
• This is a Leading indicator, not Dynamic or Repaint.
• Helps to identify the tight range of price movement.
• Can easily identify the Options strike price.
• The levels are more reliable and authentic than Gann Square of 9 Levels.
• Develops a discipline in placing Targets.
Disadvantages of this Indicator
• The indicator is specifically made for National Stock Exchange of India (NSE) listed index and stocks.
• The indicator is calculated only for index NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY and Stocks listed in Futures and Options.
• The indicator shows nothing for other indexes and stocks other than above mentioned.
• The data need to be entered manually.
• The data need to be updated manually when the F&O listed stocks are updated.
Who to use?
Highly beneficial for Day Traders, it can be used for Swing and Positions as well.
What timeframe to use?
• Any timeframe.
• The highlighted levels in Red and Green will not show correct levels in 1 minute timeframe.
• 5min is recommended for Day Traders.
When to use?
• Wait for proper swing to form.
• Recommended to avoid 1st 1 hour or market open, that is 9.15am to 10.15 or 10.30am.
• Within this time a proper swing will be formed.
How to use?
Entry
• Enter when the Price reach closer to the Blue line.
• Enter Long when the Price takes a pullback or breakout at the Red lines.
Exit
• Exit position when the Price reach closer to the Red lines in Long positions.
What are the Lines?
Gray Lines:
• Every lines with price labels are the Strike Prices in the Option Chain from NSE website.
• Price moves from 1 Strike Price level to another.
• The dashed lines are average levels of 2 Strike Prices.
Red & Green Lines:
• The Red and Green Lines will appear only after the first 1 hour.
• The levels are calculated based on the 1st 1 hour.
• Red Lines are important Resistance levels, these are strong Bearish reversal points. It is also a breakout level, this need to be figured out from the past levels, trend, percentage change and consolidation.
• Green Lines are important Support levels, these are strong Bullish reversal points. It is also a breakdown level, this need to be figured out from the past levels, trend, percentage change and consolidation.
What are the Labels?
• First Number: Price of that level.
• Numbers in (): Percentage change and Change of price from LTP(Last Traded Price) to that Level.
How to use?
Entry:
• Enter when price is closer to the Red or Green lines.
• Enter after considering previous Swing and Trend.
• Note the 50% of previous Swing.
• Enter Short when price reverse from each level.
• If 50% of swing and the pivot level is closer it can be a good entry.
Exit:
• Use the logic of Entry, each level can be a target.
• Exit when price is closer to the Red or Green lines.
Indicator Menu
Source
• Custom: Enter the price manually after choosing the Source as Custom to show the Pivots at that price.
• LTP: Pivot is calculated based on Last Traded Price.
• Day Open: Pivot is calculated based on current day opening price.
• PD Close: Pivot is calculated based on previous day closing price.
• PD HL2: Pivot is calculated based on previous day average of High and Low.
• PD HLC3: Pivot is calculated based on previous day average of High, Low and Close.
"Time (IST) (Vertical)"
• This is a marker of every 1 hour.
• Usually major price movement happen between previous day last 1 hour (2:15 pm) to today first 1 hour (10:15 pm).
• Two swings can happen between first 2 hour of current day.
• At the end of the day last 1 hour from 2.15 pm another important movement will happen.
• Usually rest of the time won't show any interesting movement.
To the Users
• Certain symbols may show the levels as a single line. For such symbols choose a different Source or Timeframe from the indicator menu.
• Please inform if any of the Symbol's price levels don't react to the pivots, include the Symbol a well.
• Also inform if you notice any wrong values, errors or abnormal behavior in the indicator.
• Feel free to suggest or adding new features and options.
General Tips
• It is good if Stock trend is same as that of NIFTY trend.
• Lots of indicators creates lots of confusion.
• Keep the chart simple and clean.
• Buy Low and Sell High.
• Master averages or 50%.
• Previous Swing High and Swing Low are crucial.
Sabre PilotThis indicator is the second generation identifier of high probability trading levels using the Sabre Trading System. Sabre Identifies where the potential of unfilled institutional orders is likely to result in a successful trade following the Sabre Trading System as taught by Anthony Navarro. This is a private Invite-Only script accessible to members of the Sabre Trading community.
S/R Binarias por Millonarios VIPPreferiblemente usar el indicador en marcos temporales de M5 o M15 para tener mayor efectividad.
Saludos del equipo de Millonarios_VIP. Escríbenos en Telegram @miguemarch y en Instagram como @millonarios_global
Para que hagas buenos profits con nosotros en la mejor comunidad de Opciones Binarias!
Auto Support & Resistance Volume Based + ScannerThis indicator tracks large marker maker orders and draws support & resistance levels based on where those orders came in. It allows you to track what the market makers are doing and place your trades in line with them. Look for the lines to suck up to the price and that will show you where large orders are coming in which is where reversals will happen or trend continuation will happen at an accelerated rate. The fat lines are higher timeframe volume spikes and major volume spikes. Look for bounces off of these fat lines. The fatter the line, the bigger the volume spike. The skinny lines are minor volume spikes over shorter time periods. These can be viewed as short term support and resistance levels and consolidation zones.
***HOW TO USE***
Look for bounces off of the fat lines and place trades accordingly. Those levels are where the market makers placed their orders and you will notice how well price reacts to these levels.
Look for the lines to suck up/down to the price. This shows you where volume is coming in which typically means a reversal is about to happen. If a reversal doesn’t happen, then the trend will continue its original direction, but usually move faster. Wait for these lines to suck up to price before trying to buy the bottoms or sell the tops. If you can have the patience to wait for this to happen, it will keep you out of a lot of choppy price action and give you very good places to take trades that move quickly.
When all the levels suck up to the price and all the colors change to red from green or green from red, it is an indication of market sentiment changing and the trend will likely reverse.
For best results, use this on charts for exchanges that have the highest volume and the most institutional buyers as those will give better levels since there are more market makers on those exchanges. Use exchanges such as NYSE, ARCA and NASDAQ for stocks and use COINBASE, BINANCE, MEXC perpetual futures charts or PEPPERSTONE for crypto.
If price breaks out or down from the group of levels and no lines suck up to the price, then it is a low volume breakout and price usually comes right back to the support and resistance levels so beware when this happens.
If there are no levels near the current price, look at the previous levels in that price range as those are still very relevant areas.
You can also draw trendlines from recent high and low points of the lines where they changed, which works very well for finding tops/bottoms in confluence with the real time s&r levels.
I recommend looking at higher timeframes and drawing horizontal lines where the fat lines are that extend for a long period of time. Then you will have those levels on your lower timeframe charts so you don’t miss any major levels that price will likely bounce off of.
Make sure you spend some time looking back at historical data so you can get a feel for how this indicator reacts to volume spikes before using it.
***HIGHER TIMEFRAMES***
This indicator scans higher timeframes for volume spikes, so make sure you update the higher timeframes used when looking at anything higher than the 1 minute timeframe as that is what the settings are optimized for. You can create new chart layouts for each timeframe you use frequently and save your settings on each chart so that you don’t have to update those settings when you switch timeframes.
***SCANNER***
The table at the bottom of the screen scans 8 other tickers for volume spikes. When a volume spike is detected, the color of that ticker will change from blue to orange to notify you. You can customize which tickers the indicator scans within the indicator settings. Make sure to save your chart layout with your updated tickers so you don’t have to change them frequently. Input all tickers from a certain sector to see how that sector is performing overall which can help give you a good idea of the sector as a whole. Save a different chart layout with each different sector you want to scan so you don’t have to switch the tickers frequently.
***ALERTS***
This indicator is set up with alerts that can be turned on to notify you of volume spikes on the ticker that the chart is set to.
***CUSTOMIZATION***
You can customize the colors of the lines and backgrounds in the indicator style tab. You can also turn off the scanner if you want to within the indicator input tab. The tickers to scan can be customized to suit your preferences within the indicator input tab. The higher timeframes used can also be adjusted within the indicator input tab.
***MARKETS***
This indicator can be used on all markets that have volume data, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This indicator can be used on all timeframes as long as there is enough data for the session used.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Trend Friend Signals, Volume Profile with Buy & Sell Pressure, RSI Scalper Ribbon and Auto Support & Resistance with Wick Signals to find those major levels that are not associated with volume spikes in combination with this volume based auto support and resistance indicator.
Imbalance zonesImbalance, this is a zone / gap created when the price move with force in a given direction. It identify a zone where the price could. potentially go back. This gives perfect targets for your trades.
This indicator is created to find the imbalances when a market exchange receives too many of one kind of order—buy, sell, limit—and not enough of the order's counterpoint and price shoots up or down and it left with unfilled orders. If you know how to trade the imbalances, this indicator can help you by find imbalances automatically.
Fire Zones by Batman tradesUses daily average ranges of 5 and 10 (most used) as support and resistance areas - half ranges used in calculations for a more accurate "forecast" of the H and L . experimental
FOR EDUCATIONAL PURPOSES ONLY. NOT A TRADING RECOMMENDATION