RSI Supply / Demand ZonesLines plotted for the Low and High of the region of price that was Overbought or Oversold
(Low of the candle that became overbought and highest high in the Overbought period)
(High of the candle that became oversold and highest high in the Oversold period)
I like to use the dotted lines as pivot points for the reversal of the trend, and also pay attention to small tops and bottoms (normal lines) that form in strong trends, as they usually make for brief periods of acummulation/distribution before the continuation of the strong trend.
Wsparcie i Opór
Resistance cardThis is very simple resistance card that you can make. It is recommended to be used on Daily time frame.
How to Use:
If you want to find Resistance levels (above current price), Get the pivot Low value and input in indicator settings. As you are using Low select "Low" in indicator settings, this will draw resistance lines.
If you want to find Support levels (Below current price), Get the pivot High value and input in indicator settings. As you are using Low select "High" in indicator settings, this will draw Support lines.
Supply & Demand / Orderblocks - Multi TimeFrame (@JP7FX)This should easily find the clear BUY to SELL / SELL to BUY candles with imbalance created.
There are options to change the Supply and Demand / OrderBlock CREATION based off the OPEN or WICK imbalance and also the option to DRAW the zones from the OPEN or the WICK.
Will also draw HTF zones with options to change the colour of zones when price has mitigated these areas, zones will be deleted once price has passed through.
Each Zone has the 50% line drawn and will delete when Price has reached - maybe useful for traders who look for 50% mitigation of areas.
When using HTF zones (max of 2) a Timeframe display will show for that zone.
There are many options to change colours and lines etc to suit the layout you prefer.
The zones that are created are not to trade from without additional analysis its simply to help draw strong zones.
Hope this provide some help and Trade Safe :)
Daily, Weekly, Monthly Pivot Points StandardShow Higher timeframe Pivot Point along with 3 support/Resistance and mid line between them
Option to show the Monthly lines, with or without mid line, and can select the color
Option to show the Weekly lines, with or without mid line, and can select the color
Option to show the Daily lines, with or without mid line, and can select the color
Option to show a tables with the previous Open, High, Low, Close for these higher timeframe
Elliot wave : Wave 3 finder This indicator built for find wave 3 of elliot wave and It also calculate risk reward ratio, minimum target for wave 3 extention and stop loss.
------------ How to use -------------
1. Add this indicator on your chart.
2. If you asset are follow Condition*, buy label with risk reward ratio, Target price and Stop loss will pop up.
*Condition
-50% rebound from the end of wave 2.
-Indicator can detect wave 0, 1 and 2.
If you find any problem please leave comment.
World Markets Open/Close BackgroundIndicator fills background color on the chart for different markets around the world.
This can be helpful in some markets to understand after hours and premarket price action. User can study if there is correlation between highs/low in whole session or open/close of different markets.
Tokyo, Hong Kong and Shanghai are Asian Markets in Red are combined
Bombay, London and NYSE are individually plotted.
Times can be changed for each session to include the entire session, or selected block of 15 minutes.
Less than 15 minutes will need to be changed in the default value of the code which is why I'm publishing it open source.
All coded default times for each market are in CST.
Background color can be turned off individually under the Style tab, and can also be unchecked under Inputs and can just be used for source for further coding.
My intentions for this script is to use it and its variable value to plot the highs and lows just in the specific times in a session and to more easily visualize those sessions with color coding.
I hope this is useful
Cheers!
Support & Ressistance by @kaleboraciy [REUPLOAD]█ OVERVIEW
Support & Resistance levels are important in trading as we all know.
█ WARNING
This version is beta, maybe sometimes it will plot wrong levels, but i will try to to eliminate these issues. And please note, that you should find your own ideal settings for every ticker you use.
█ FEATURES
This is the first script in Pine Community which plots levels using the last two points/ pivots /fractals.
It also stops plotting levels when there is a breakout on the particular level.
█ SETTINGS
1. Pivot Points Length - defines pivot points length. Using to find points where market is reversed. If you set lower value, there will be more points but less useful. As I said you should find your optimal parameters.
2. Inaccuracy in % - defines maximal possible inaccuracy between 2 pivot points .
3. Linewidth - width of line(level)
4. Start Calculations from - if you use low timeframe (1m - 30m) there are a lot of calculations, and PineScript can't process it. This parameter defines start date of calculations and now there are less data and Pine can process it better.
█ HOW IT WORKS
When a new pivot appears, it draws invisible line starting in this pivot . when the second pivots gets created, it checks all lines in array. When inaccuracy is smaller than defined, the line becomes visible.
If price breaks trough the pivots , the lines stop and a new cycle begins.
I hope that this script will be helpful in your trading🙂
Williams Alligator Trend FilterI've edited the normal Bill Williams Alligator indicator to have a color fill that indicates the trend. There is a percentage range filter which checks if the 2 outer lines are enough far away from eachother to indicate a trend. The indicator also checks if the lines are below or above eachother in the right order as a last check to confirm Trend
Chart Map[netguard] V1.0Chart map is a indicator that shows best levels of price.
on this indicator we divided ATH and ATL of chart to 16/32 levels that each one of them can control price and candles.
furthermore you can use weekly or daily map in this indicator.in weekly map we divide High to Low of last week candle to 8 levels that these levels can control candles too.
In general, these levels act as strong support and resistance.
you can trade on these levels with candle patterns.
HersG High Low Bar Charts Layout
Hello friends,
The following indicator will create a new form of chart layout in High & Low as candle-like full bars instead of Open and Close. There are no wicks, only full bars highlighting High and Low of the select time frame. Two dots inside a bar will represent Open (Red dot) and Close (Green dot).
How can it help you as a trader?
High and Low candle-like bars will clear the noise from charts in identifying support & resistance, higher-highs and lower-lows will be clearly visible thus helping you make trades.
First add the indicator and then hover the mouse pointer over the ticker in the charts and click on the “eye-shaped” symbol to hide the candlesticks chart pattern.
The type of chart layout is standard charts. Data are not re-calculated or manipulated.
Regards!
Koalafied EdgesIndicator based on user selected periods 'edges' (highs/lows). Includes One-Time-Framing and sweeps of levels.
User selection of previous Session/Day/Week highs and lows. These will plot over the relevant period once it has completed. Intra-day there are three periods that can be plotted.
For now these are most relevant to crypto. It can be useful to think of previous levels being locations that are likely to contain liquidity that the market might sweep in the future,
as much like pivot points, traders stop orders can be found there. Session breaks are included to allow for clear delineation between user selected periods. Additionally the option
to colour the background of a specific period is given to the user, this can be useful as an aid for visual analysis of session behaviour over time.
Untapped Levels
Previous Levels (Highs/Lows) that price has not re-tested will remain on the chart. These are typically the levels that are swept for liquidity in future periods.
Sweeps
Sweeps are formed when a candle opens above/below a previous periods level, crosses it and closes back on the side of the open. Often can mark important
pivots in the market and potential reversals. Useful if you think of stop liquidity resting outside previous periods highs/lows. Market 'sweeps' the level,
taking liquidity and reverses. Alerts for these are included.
One-Time-Framing
Indicator shows One-Time-Framing (OTF) for user selection of Candle, Session, Day, and Weekly timeframes. The background between the periods highs and lows (or candle colour)
will display the OTF state. This is a Market Profile concept that isn't typically found in Tradingview Scripts.
OTF is a sequence of days or time period where you don’t get a break of the previous candles low (OTF Up) or high (OTF Down). Typically shows a market
that is trending in one direction. If it's an outside day then no OTF status, if it's an inside day then the previous period high or low hasn't been
breached so OTF status stays same.
Candle colouring. I've included the option to switch between OTF coloured candles or my Volume Extension candles. I find the Volume Extension Candles invaluable
in showing areas of high market participation and can be quite informative at significant levels often showing exhaustion at support/resistance or market strength on breakouts.
Candles not supported by rising volume are coloured black while those that are retain their colouring.
Important to note that this indicator plots prior levels only when the selected period has ended. So at the start of a new period, the high/low of the previous
period will be plotted, with untapped lines extended into the future. The indicator is designed to show you what 'has' happened and to provide areas
of interest where you may wish to initiate trades. The sweep signals are the only real-time plots.
VWAP GapsTheory of untested previous VWAPs acting in similar way to nPOC, where agreed previous 'value' based on volume acts as a liquidity area to be retested.
Indicator shows
- User selected VWAP
- Untested previous VWAPs. The line will disappear once price crosses it's value
- Sweeps of previous VWAPs. Show by both bar colours and plotted arrows under different conditions.
Sweep Filters
1. Bull or Bear Bar (required for an arrow plot)
2. Sweep Conditions i.e. open below line, high above line, and close below line
3. If current VWAP is below/above the previous VWAP value.
WhaleCrew OverlayThis overlay is all about looking for confluence, and this is achieved by combining the power of Support/Resistance trading and Moving Averages.
Features
Support and Resistance
Trend Visualization
Fib Ribbons
Moving Average System
Intraday Tools
Support and Resistance
This involves Daily Levels (High, Low, Open, and Range Center), Weekly Levels (Open, High and Low), as well as the Monthly/Quarterly/Yearly Open.
Automatically having these support/resistance levels on your chart no matter what timeframe you're on is a big advantage, they can be used as confluence levels for potential trades.
Trend Visualization
Our trend component visualizes the current trend using two moving averages. There are multiple inbuilt modes that should be picked based on your trading style.
Use this indicator as confluence and don't rely solely on it.
Fib Ribbons
Our Fib Ribbons are a bundle of multiple EMAs with custom timeframe built-in. Unlike EMA Ribbons our EMA lengths are only based on Fibonacci Numbers.
The numbers of EMAs is four by default (fastest: 8, slowest: 34), but EMA 5 & 55 can be manually enabled.
The ribbons will act as support in an uptrend and as resistance in a downtrend. A ribbon cross often indicates a potential trend change.
Moving Average System
Build a system around 2 custom moving averages for more confluence (supports custom timeframes and many moving average types).
The moving averages can be used for generating signals whenever they cross, or as possible support/resistance.
Intraday Tools
We also support intraday tools like VWAP (Volume-Weighted-Average Price) and TWAP (Time-Weighted-Average-Price).
They differ from normal moving averages by taking volume/time into account and will act as potential support/resistance (commonly used by big market participants).
Usage
You should look for price levels where moving averages and support/resistance are lined up for confluence.
Closely monitor price action near important price levels for potential trade setups:
Consolidation right below resistance is considered bullish
Consolidation right at support might be considered bearish
Watch out for rejections and retests (also counts for moving averages)
Access to this indicator can be obtained through our website.
Levels Of Greed
The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset price over time. It is usually denoted by the letter σ (sigma) and estimated as the standard deviation of the asset price or price returns. The Levels Of Greed indicator helps measure the current price advance in the standard deviation units. It plots seven levels at distances of 1, 2, 3, 4, 5, 6, and 7 standard deviations (sigmas) above the base price (the recent lowest price or lower bound of the established range). In what follows, we will refer to these levels as levels of greed.
HOW TO USE
When the price in its surge reaches a certain level of greed, it means that it has surged from its recent lowest value by a corresponding number of standard deviations. The indicator helps traders see the maximum levels to which the price may rise and estimate the potential height of the current surge. Five-seven sigma surges are relatively rare events and correspond to significant market exuberance. Careful traders and shorter-term ones would not want to participate in the bandwagon effect and herd behavior that drive market bubbles. They prefer to take their profits when the market is not exceedingly overbought.
SETTINGS
Window : the averaging window or period of the indicator. The algorithm uses this parameter to calculate the base level and standard deviations. Higher values are better for measuring deeper and longer surges.
Levels Stability : the parameter used in the up-move detection. The higher the value is, the more stable and long the greed levels are, but at the same time, the lag increases. The lower it is, the faster the indicator responds to the price changes, but the greed levels are recalculated more frequently and are less stable. This parameter is mostly for fine-tuning. It does not change the overall picture much.
Mode : the parameter that defines the style for the labels. In the Cool Guys Mode, the indicator displays the labels as emojis. In the Serious Guys Mode, labels show the distance from the base level measured in standard deviation units or sigmas.
Consolidation Zone Hunter NPR BasedThis script will search for zones where the range between the high and low is lower than avg % nearest rank of last X bars.
After X(=30) bars of consolidating range it will signal that the market is in a range and draw the top, bottom and middle of that range.
When price breaks the consolidating range the range is cleared, this is where you long/short the breakout. After this it will look for the next range and do the same.
Visual Explanation
CryptoSeen levelsThe script for the crypto market, automatically draws stability and resistance, it can also suggest a trend, we always work from the line with circles, that is, if the price reaches the line with circles, the color is red, then this means that the line with a circle is resistance, and if the price reaches the green line with a circle, then this line just becomes a response.
the rest of the lines are TP.
VocsOng Intraday Support ResistanceOverview
This indicator is meant for intraday trading, mainly designed for SPX . The main purpose of this indicator is to mark out the key levels of support and resistance for intraday.
There are 9 main support and resistance that forms this intraday support resistance indicator.
1. Today's Open
Today's open is often a neglected area because by default change percentage is always based on yesterday close. So having a line drawn for today's open is the very starting point.
2. Yesterday Close
3. Yesterday High
4. Yesterday Low
Yesterday Close, High, Low are important intraday trading areas, it is very common that price action resist at this area.
5. Past 4 Days Calculated Estimated High (YesterdayClose + (EstimatedRange/2) :: EstimatedRange = Nearest day x0.4, followed by 0.3, 0.2, 0.1)
6. Past 4 Days Calculated Estimated Low (YesterdayClose - (EstimatedRange/2) :: EstimatedRange = Nearest day x0.4, followed by 0.3, 0.2, 0.1)
This is a calculated estimated high/low range based on past 4 days range. Weighing the nearest day heaviest of 40%, followed by 30%, 20%, 10%.
This calculated high/low area apparently also act as good support and resistance area sometimes.
7. Expected Move High (YesterdayClose + VIX/100 * SquareRoot(1/365))
8. Expected Move Low (YesterdayClose - VIX/100 * SquareRoot(1/365))
This is the formula used to calculate expected move LIVE based on current VIX. This is based from today's open.
9. 1.5% to 2% from SPX Open today
This marks out a zone where SPX is 1.5% to 2% away from today's open. This gives a general guide on a fix percentage change based on today's open.
Statistically, SPX close within 1.5% change from today's open 93.18% of the time in the past 10 years.
How I use them?
First to note, this indicator works best on 1 minute chart. Other timeframe might not be that accurate.
All these are intraday support and resistance. They can be simply use as support and resistance by default.
In addition to that, 7,8,9 are also used as overbought/oversold indicator because they are centered to today's open.
As SPX move towards 7,8,9, it shows how overbought or oversold it is.
I use this indicator with SPX 0 dte options trading.
So as SPX approaches the oversold area, and near any of the support, I will sell a 30 wide put credit spread at 5 delta away or $1 target credit.
This trade entry goes together with a bracket take profit (80%) and stop loss (200%) OCO order.
MACD Objective Breakouts + AlertsFinds the most recent support and resistance level as confirmed by the MACD . These level are detected dynamically and the lines will be updated as new levels form.
Alerts can be toggled on or off in the settings but will not work if the alert is not added to your chart. Alerts can be added by selecting the "Alert" button on TradingView then selecting "MOB Alerts" as the condition
Alerts will trigger when price closes above or below the indicated levels.
Please let me know if you find any bugs!
Percentage up/downIn order to buy stocks, I want to know how much the stock went down from the all-time high price. Therefore, this script shows how much the current stock has dropped from the all-time high.
You can change:
- how many periods to get the all-time high from
- location on the y-axis to place the label on the chart
[DisDev] 12 Candle|Round#|Future SessionsThis indicator has many components; below, each component is explained and how it can be used as a trading tool.
1) Future Lines
a. Vertical lines are projected into the future to mark the beginning of each of the three major markets, Tokyo, London, and New York.
b. When major markets open, this can cause an increase in price action. So this component provides the trader with a reminder of when the next major market opens.
c. Also, the days of the week are displayed to allow the user to backtest price reaction for certain days of the week easily (e.g., Major Markets reopening after the weekend).
2) 12 Hour Candle Sessions High and Low
a. As price intersects with the beginning of the session, the vertical line disappears, and two corresponding horizontal lines begin. These horizontal lines dynamically adjust to mark each session's high and low, and a semi-transparent box fills the space between the high and low lines.
b. The duration of each session is a three-hour window, which each consists of 12 Fifteen-Minute Candles. This marks the hour prior to equity markets open, the opening hour, and the post-open hour.
c. The sessions highs and lows can be selected within the settings show for a 24 hour period. This assists the trader with session range breakouts; three examples of how this could be traded are below.
Example 1
d. The Tokyo and London session high kept the price action within a range. Once it broke the range, the Tokyo and London session highs were used as support, resulting in a range breakout.
Example 2
e. The below picture shows price action failing to break London Session Low and New York Session High; this is followed by Tokyo Low acting as resistance and price moving down 9%.
Example 3
f. Below price action with an increased volume of 323% (based on the average of the last 10 bar) fails to break the Tokyo High on the 1st attempt. The second attempt fails on 241% volume. The third attempt at 475% breaks the range, completing the range breakout seeing a move of 3.4% in price.
4) High of Day (HOD) and Low of Day (LOD)
a. As the trading day unfolds, we mark the HOD (d-High) and LOD (d-Low) with blue dotted horizontal lines. Then at the start of the next trading day, the former High and Low become the Previous Day High (pd-High) and Low (pd-Low) and are changed to dashes.
b. These high and low levels add extra confluence with the session high and lows for Swing Failure Patterns (SFP) and confirmation of trends.
5) Round Numbers
a. As humans, it's hard to use just any number to make sense of things. We prefer to use round numbers. This is important for trading as many traders will automatically use round numbers as their stop losses.
b. This indicator component reminds users of this fact and displays round numbers such as 00, 25, 50, and 75. The indicator automatically calculates and displays lines for the round numbers for as many as twelve levels above and below the current price.
c. Below are examples of how round numbers are broken to trigger stop losses; you may want to break the habit of using round numbers as your stop losses.
Below is the indicator in full swing, displaying all the elements described above.
Price Target Pullback Correction or BearPrice Target percent drop is an indicator that allows you to set default percentage down from the 52 week high.
A pullback, correction, bear and a bear market is marked as a 5%, 10%, 20% or 40% drop from the 52 week highest price, so this will show the target price to buy at if these thresholds are hit.
You can change the default values of 5%, 10%, 20% and 40% to any percentage and the price will reflect the change of the default value. Furthermore, the default to use 52 weeks can be changed to find the highest price from the last 26 weeks or 104 weeks.
MarketReader_StrategyMarketReader_Strategy is a very useful and advanced indicator:
- It draws buying (green) and selling (orange) zone .
-Once the buying or selling zone is tapped, the color is automatically changed to grey
-It shows liquidity pool ($$$) engineered by market behaviour
Buying or selling area are determined by an algorithm that combines volume profile, Elliott Wave principles and order flow delivery .
On the above example:
At “1” , you can see that the first buying zone is drawn since January 12
At “2” , the buying zone is tapped on January 18 with a strong bullish reaction.
At “3” and “3’” , you can see that liquidity pool has been created by market maker on both buying and selling side. It is typical of market behavior.
Market maker will take the downside liquidity by targeting the buying zone and then reverse (to the upside) targeting the upside liquidity pool that fuel the pump to the selling zone “4” . This selling zone is reached at “5” with a strong bearish reaction.
“6” represent active buying zone, waiting to be tapped.
To buy or take profit on these areas will depend on market behavior on the way down. Does the market engineer liquidity before? We use 2 complementary indicators helping us to take position on these areas but feel free to experiment with your own.
Usually, I wait price comes to selling or buying zone, then I go on lower timeframe (15 to 30 times lower) searching for divergences and convergences on Momemtum reader (also available on tradingview)
This indicator does not repaint and works on Forex, Crypto, Indices, Commodities and stock.
Same high/low + DCA (only long)This is an update of the previous "same high/low" strategy. This strategy can be helpful for those who look for entrance price points after level retest based on the dollar cost averaging approach.
The retest of the level is defined by two candles with the same low.
4 entrance points were calculated based on volatility (not based on ATR though) and the weights were averaged in the middle of the volatility level.
As previously, stop loss is just one tick away from a level of support and take profit based on the ATR multiplier.
