OPEN-SOURCE SCRIPT

Dragonfly multitool script

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// 📌 Dragonfly Multitool Indicator (Pine Script™) 📌
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// This Pine Script™ indicator provides multiple analytical tools intended for intraday trading on the TradingView platform. It includes the following features:
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// ✅ **Session First-5 Candle High/Low:**
// - Identifies and plots the highest and lowest price within the first five candles after the New York market opening (9:30–11:30 ET).
// - Useful for capturing initial market momentum and range.
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// ✅ **Smart Money Concepts (SMC Lite v6):**
// - Highlights critical Supply and Demand zones.
// - Provides visual representation of market structure (Break of Structure - BOS).
// - Incorporates swing highs and lows detection for clearer market trend identification.
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// ✅ **Session Displays and Previous Day/Pre-Market High & Low:**
// - Clearly marks highs and lows from previous sessions and pre-market activity.
// - Offers enhanced visualization for session open, close, and average prices.
// - Helps traders easily recognize significant price levels.
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// ✅ **Automatic Gap Detection:**
// - Automatically detects and visually highlights price gaps at market open.
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// ✅ **Advanced Alerts System:**
// - Notifies the user when price interacts with key levels such as previous day's highs/lows, pre-market levels, and significant market structures.
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// ✅ **Customizable Moving Averages (up to 10 MA):**
// - Users can configure up to ten moving averages, choosing type (SMA, EMA, WMA, VWMA), length, and color.
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// ✅ **ATR-Based Levels:**
// - Calculates and plots dynamic stop-loss levels using the ATR indicator, assisting in risk management decisions.
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// ⚠️ DISCLAIMER:
// This indicator is for educational purposes only and does not constitute financial advice. The author assumes no responsibility for any trading decisions based on this indicator.
// Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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// © Dragonfly_Scotland
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.