Initial Balance Breakout Signals [LuxAlgo]The Initial Balance Breakout Signals help traders identify breakouts of the Initial Balance (IB) range.
The indicator includes automatic detection of IB or can use custom sessions, highlights top and bottom IB extensions, custom Fibonacci levels, and goes further with an IB forecast with two different modes.
🔶 USAGE
The initial balance is the price range made within the first hour of the trading session. It is an intraday concept based on the idea that high volume and volatility enter the market through institutional trading at the start of the session, setting the tone for the rest of the day.
The initial balance is useful for gauging market sentiment, or, in other words, the relationship between buyers and sellers.
Bullish sentiment: Price trades above the IB range.
Mixed sentiment: Price trades within the IB range.
Bearish sentiment: Price trades below the IB range.
The initial balance high and low are important levels that many traders use to gauge sentiment. There are two main ideas behind trading around the IB range.
IB Extreme Breakout: When the price breaks and holds the IB high or low, there is a high probability that the price will continue in that direction.
IB Extreme Rejection: When the price tries to break those levels but fails, there is a high probability that it will reach the opposite IB extreme.
This indicator is a complete Initial Balance toolset with custom sessions, breakout signals, IB extensions, Fibonacci retracements, and an IB forecast. All of these features will be explained in the following sections.
🔹 Custom Sessions and Signals
By default, sessions for Initial Balance and breakout signals are in Auto mode. This means that Initial Balance takes the first hour of the trading session and shows breakout signals for the rest of the session.
With this option, traders can use the tool for open range trading, making it highly versatile. The concept behind open range (OR) is the same as that of initial balance (IB), but in OR, the range is determined by the first minute, three or five minutes, or up to the first 30 minutes of the trading session.
As shown in the image above, the top chart uses the Auto feature for the IB and Breakouts sessions. The bottom chart has the Auto feature disabled to use custom sessions for both parameters. In this case, the first three minutes of the trading session are used, turning the tool into an Open Range trading indicator.
This chart shows another example of using custom sessions to display overnight NASDAQ futures sessions.
The left chart shows a custom session from the Tokyo open to the London open, and the right chart shows a custom session from the London open to the New York open.
The chart shows both the Asian and European sessions, their top and bottom extremes, and the breakout signals from those extremes.
🔹 Initial Balance Extensions
Traders can easily extend both extremes of the Initial Balance to display their preferred targets for breakouts. Enable or disable any of them and set the IB percentage to use for the extension.
As the chart shows, the percentage selected on the settings panel directly affects the displayed levels.
Setting 25 means the tool will use a quarter of the detected initial balance range for extensions beyond the IB extremes. Setting 100 means the full IB range will be used.
Traders can use these extensions as targets for breakout signals.
🔹 Fibonacci Levels
Traders can display default or custom Fibonacci levels on the IB range to trade retracements and assess the strength of market movements. Each level can be enabled or disabled and customized by level, color, and line style.
As we can see on the chart, after the IB was completed, prices were unable to fall below the 0.236 Fibonacci level. This indicates significant bullish pressure, so it is expected that prices will rise.
Traders can use these levels as guidelines to assess the strength of the side trying to penetrate the IB. In this case, the sellers were unable to move the market beyond the first level.
🔹 Initial Balance Forecast
The tool features two different forecasting methods for the current IB. By default, it takes the average of the last ten values and applies a multiplier of one.
IB Against Previous Open: averages the difference between IB extremes and the open of the previous session.
Filter by current day of the week: averages the difference between IB extremes and the open of the current session for the same day of the week.
This feature allows traders to see the difference between the current IB and the average of the last IBs. It makes it very easy to interpret: if the current IB is higher than the average, buyers are in control; if it is lower than the average, sellers are in control.
For example, on the left side of the chart, we can see that the last day was very bullish because the IB was completely above the forecasted value. This is the IB mean of the last ten trading days.
On the right, we can see that on Monday, September 15, the IB traded slightly higher but within the forecasted value of the IB mean of the last ten Mondays. In this case, it is within expectations.
🔶 SETTINGS
Display Last X IBs: Select how many IBs to display.
Initial Balance: Choose a custom session or enable the Auto feature.
Breakouts: Enable or disable breakouts. Choose custom session or enable the Auto feature.
🔹 Extensions
Top Extension: Enable or disable the top extension and choose the percentage of IB to use.
Bottom extension: Enable or disable the bottom extension and choose the percentage of IB to use.
🔹 Fibonacci Levels
Display Fibonacci: Enable or disable Fibonacci levels.
Reverse: Reverse Fibonacci levels.
Levels, Colors & Style
Display Labels: Enable or disable labels and choose text size.
🔹 Forecast
Display Forecast: Select the forecast method.
- IB Against Previous Open: Calculates the average difference between the IB high and low and the previous day's IB open price.
- Filter by Current Day of Week: Calculates the average difference between the IB high and low and the IB open price for the same day of the week.
Forecast Memory: The number of data points used to calculate the average.
Forecast Multiplier: This multiplier will be applied to the average. Bigger numbers will result in wider predicted ranges.
Forecast Colors: Choose from a variety of colors.
Forecast Style: Choose a line style.
🔹 Style
Initial Balance Colors
Extension Transparency: Choose the extension's transparency. 0 is solid, and 100 is fully transparent.
Motifs graphiques
Strong BUY/SELL with BB + RSI + MACD (with alerts)Outer Bands (same as before)
BUY when price < lower BB + RSI < 30 + MACD bullish.
SELL when price > upper BB + RSI > 70 + MACD bearish.
Middle Band (new addition)
BUY when price crosses above middle band (basis) AND RSI > 50 + MACD bullish.
SELL when price crosses below middle band (basis) AND RSI < 50 + MACD bearish.
Market Structure by Gemini [v1.3]HH, HL, LH, LL indicator + BoS indicator. I'm now fully immersed in extracting the essential elements. I've pinpointed three critical concepts: Break and Retest (B&R), Liquidity Sweep & Reaction, and Market Structure (MS). My current focus is on the interactions between these components and on translating them into executable Pine Script instructions, starting with the simplest implementations.
Tribute to David Paul & @LOKEN94
This is a simple remix of @LOKEN94 indicator, a tribute to David Paul. Its a more visually relaxing indicator that has the bottom and tops of the bullish and bearish backgrounds fitted to the moving averages themselves.
Im working on converting it into a strategy or adding a alert() library so you can have enough function calls to automate it through @TradersPostInc.
"I place my entrys where the masses place there stops" - David Paul. This indicator will help the consistently fearful trader progress into the consistently calm trader.
Trend Pro V2 [CRYPTIK1]Introduction: What is Trend Pro V2?
Welcome to Trend Pro V2! This analysis tool give you at-a-glance understanding of the market's direction. In a noisy market, the single most important factor is the dominant trend. Trend Pro V2 filters out this noise by focusing on one core principle: trading with the primary momentum.
Instead of cluttering your chart with confusing signals, this indicator provides a clean, visual representation of the trend, helping you make more confident and informed trading decisions.
The dashboard provides a simple, color-coded view of the trend across multiple timeframes.
The Core Concept: The Power of Confluence
The strength of any trading decision comes from confluence—when multiple factors align. Trend Pro V2 is built on this idea. It uses a long-term moving average (200-period EMA by default) to define the primary trend on your current chart and then pulls in data from three higher timeframes to confirm whether the broader market agrees.
When your current timeframe and the higher timeframes are all aligned, you have a state of "confluence," which represents a higher-probability environment for trend-following trades.
Key Features
1. The Dynamic Trend MA:
The main moving average on your chart acts as your primary guide. Its color dynamically changes to give you an instant read on the market.
Teal MA: The price is in a confirmed uptrend (trading above the MA).
Pink MA: The price is in a confirmed downtrend (trading below the MA).
The moving average changes color to instantly show you if the trend is bullish (teal) or bearish (pink).
2. The Multi-Timeframe (MTF) Trend Dashboard:
Located discreetly in the bottom-right corner, this dashboard is your window into the broader market sentiment. It shows you the trend status on three customizable higher timeframes.
Teal Box: The trend is UP on that timeframe.
Pink Box: The trend is DOWN on that timeframe.
Gray Box: The price is neutral or at the MA on that timeframe.
How to Use Trend Pro V2: A Simple Framework
Step 1: Identify the Primary Trend
Look at the color of the MA on your chart. This is your starting point. If it's teal, you should generally be looking for long opportunities. If it's pink, you should be looking for short opportunities.
Step 2: Check for Confluence
Glance at the MTF Trend Dashboard.
Strong Confluence (High-Probability): If your main chart shows an uptrend (Teal MA) and the dashboard shows all teal boxes, the market is in a strong, unified uptrend. This is a high-probability environment to be a buyer on dips.
Weak or No Confluence (Caution Zone): If your main chart shows an uptrend, but the dashboard shows pink or gray boxes, it signals disagreement among the timeframes. This is a sign of market indecision and a lower-probability environment. It's often best to wait for alignment.
Here, the daily trend is down, but the MTF dashboard shows the weekly trend is still up—a classic sign of weak confluence and a reason for caution.
Best Practices & Settings
Timeframe Synergy: For best results, use Trend Pro on a lower timeframe and set your dashboard to higher timeframes. For example, if you trade on the 1-hour chart, set your MTF dashboard to the 4-hour, 1-day, and 1-week.
Use as a Confirmation Tool: Trend Pro V2 is designed as a foundational layer for your analysis. First, confirm the trend, then use your preferred entry method (e.g., support/resistance, chart patterns) to time your trade.
This is a tool for the community, so feel free to explore the open-source code, adapt it, and build upon it. Happy trading!
For your consideration @TradingView
Goldbach Time – algopathingThe Goldbach Time indicator highlights intra-day timestamps that align with curated “Goldbach” time transforms. It is a time-only study intended for timing research and session-rhythm confluence: it flags minutes where one or more simple transforms of the clock (e.g. hour + minute, hour − minute, minute ± 1) hit values from a predefined integer set. Traders use those flagged minutes as a time-based confluence input alongside price structure (PO3 / Goldbach price levels, order blocks, liquidity, etc.).
Peaks & Troughs (3L-3R, om-en-om)P&T is gemaakt voor de FVG strategie. verder geen info.
Hopelijk is dit voldoende.
CNagda Anchor2EntryCNagda Anchor2Entry Pine Script v6 overlay indicator pulls higher-timeframe (HTF) signal events to define anchor high/low levels and then projects visual entry labels on the lower-timeframe (LTF). It also draws auto-oriented Fibonacci retracement/extension levels for context, but it does not execute orders, stops, or targets—only visual guidance.
Inputs
Key inputs include Lookback Length for HTF scanning and a Signal Timeframe used with request.security to import HTF events onto the active chart.
Entry behavior can be set to “Confirm only” or “Wait candle,” trade side can be restricted to Buy/Sell/Both, and individual strategies (Buy WAIT/S1; Sell REV/S1/S2/S3) can be toggled.
HTF logic
The script defines WAIT/BUY setup and confirmation, SELL reversal on breaking the WAIT BUY low, and several volume/candle-based patterns (Sell S1/S2/S3, Buy S1).
It captures the associated highs/lows at those events with ta.valuewhen and imports them via request.security to form anchors (anc_hi/anc_lo) and “new trigger” booleans that gate label creation on the LTF.
Flip entries
When enabled, “Flip entries” generate contrarian labels based on breaking or confirming HTF anchors: crossing above anc_hi can trigger a flip-to-sell label, and crossing below anc_lo can trigger a flip-to-buy label.
The flip mode supports Immediate (on cross) or Confirm (on sustained break) to control how strict the trigger is.
Fibonacci drawing
User-specified Fib levels are parsed from a string, safely converted to floats, and drawn as dotted horizontal lines only when they fall inside an approximate visible viewport. Orientation (up or down) is decided automatically from pending signal direction and a simple context score (candle bias, trend, and price vs. mid), with efficient redraw/clear guards to avoid clutter.
Dynamic anchors
If HTF anchors are missing or too far from current price (checked with an ATR-based threshold), the script falls back to local swing highs/lows to keep the reference range relevant. This dynamic switch helps Fib levels and labels remain close to current market structure without manual intervention.
Signal labels
Labels are created only on confirmed bars to avoid repainting noise, with one “latest” label kept by deleting the previous one. The script places BUY/SELL labels for WAIT/CONFIRM, direct HTF patterns (Buy S1, Sell S1/S2/S3), and contrarian flip events, offset slightly from highs/lows with clear coloring and configurable sizes.
Visual context
Bars are softly colored (lime tint for bullish, orange tint for bearish) for quick context, and everything renders as an overlay on the price chart. Fib labels include a Δ readout (distance from current close), and line extension length, label sizes, and viewport padding are adjustable.
How to use
Set the Signal Timeframe and Lookback Length to establish which HTF structures and ranges will drive the anchors and entry conditions. Choose entry flow (Wait vs Confirm), enable Flip if contrarian triggers are desired, select the trade side, toggle strategies, and customize Fibonacci levels plus dynamic-anchor fallback for practical on-chart guidance.
Notes
This is a visual decision-support tool; it does not place trades, stops, or targets and should be validated on charts before live use. It is written for Pine Script v6 and relies heavily on request.security for HTF-to-LTF transfer of signals and anchors.
bretton signal bot — Telegram JSON (fixed)This is a signal based script used to predict buy or sell in 1-7.5 minutes
Trend Continuation IndicatorTrendContinuation Indicator
The TrendContinuation indicator is a tool for identifying potential long and short setups in trending markets. It combines three elements: candlestick pattern recognition, RSI filtering, and a higher-timeframe EMA.
EMA filter: The EMA defines the main trend.
If price is above the EMA → only long setups are considered.
If price is below the EMA → only short setups are considered.
RSI filter: The RSI is used to avoid trades against momentum, with customizable overbought and oversold levels.
Candlestick signals: When conditions align, the indicator prints a green arrow for a possible long setup or a red arrow for a possible short setup.
Settings
RSI Length: default 14
Overbought/Oversold Levels: default 60 / 40
EMA Length: default 60
Timeframe for EMA: must always be set to a higher timeframe than the chart you are on (e.g., using a 15m EMA on a 2m chart).
ATR Candle Multiplier and Swing Low Lookback Bars: optional parameters for fine-tuning.
Important Notes
The EMA timeframe setting is critical: if it is not higher than the current chart timeframe, the indicator will not work correctly.
This indicator should not be used as a standalone system. It is intended as an additional tool that can support trade decisions when combined with other analysis methods.
Users are encouraged to test different settings and timeframes to find what works best for their own strategy.
All Levels This script draws key price levels on your chart, including:
• Previous Day (PD): High, Low, Close
• Day Before Yesterday (DBY): High, Low, Close
• Pre-Market (PM): High and Low
• Today’s levels: High, Low, Open, Close
• Current bar levels: High, Low, Open, Close
Each level is displayed as a horizontal line with a label showing the level value.
It works on any timeframe, including 1-minute charts, and automatically updates as new bars form.
⸻
2. Features
1. Custom Colors
Each type of level has its own color, declared as a const color. For example:
• Previous Day High = red
• Today’s Close = gold
• Pre-Market High = fuchsia
2. Right-Extending Lines
All horizontal levels extend to the right, so you always see them on the chart.
3. Persistent Labels
Every line has a label at the right side showing its name and price. For example:
• PDH 422
• TODL 415.5
4. Dynamic Updates
The script updates automatically whenever a new bar forms, so levels stay accurate.
5. Session-Based Pre-Market
You can define the pre-market session (default “04:00–09:30 EST”). The script calculates the high and low of this session only.
6. Checkbox Inputs
You can enable/disable entire groups of levels:
• Previous Day
• Day Before Yesterday
• Pre-Market
• Today
• Current bar
15m-REMA Breakout [XAU + XAG] – MusDescription
This indicator is designed to capture high-conviction breakout opportunities on gold (XAUUSD) and silver (XAGUSD) using a zero-lag Recursive EMA (REMA) as the trend backbone, combined with volatility and body-strength filters.
It is tuned for the 15-minute timeframe, where metals often show sharp moves after consolidation.
How it works
Zero-Lag REMA → Smooth but responsive trend detection.
ATR-based Breakout Filter → Confirms that price clears recent highs/lows with volatility support.
Body Size & Buffer Rules → Blocks weak candles and fake breaks near range levels.
Trend Filter (optional) → Only allows signals in the dominant REMA slope direction.
De-duplication Logic → Avoids repeated signals on consecutive bars.
Signals
Green ▲ (Bull Breakout): Candle breaks above recent range with strength.
Red ▼ (Bear Breakout): Candle breaks below recent range with strength.
Optional Pivots: Micro pivot highs/lows for additional context.
REMA Line: Plotted in teal (uptrend) or orange (downtrend).
Inputs / Customisation
REMA period & sensitivity.
ATR lookback and multiplier.
Minimum candle body (%).
Buffer multiplier to reduce noise.
Trend filter on/off.
Toggle arrows & pivot markers.
Best Practice
Apply on XAUUSD / XAGUSD, 15-minute charts.
Use as a confirmation tool, not a standalone entry system.
Combine with higher-timeframe bias or your own risk management.
Alerts
Built-in alert conditions let you set automated notifications for bullish or bearish breakouts at bar close.
Disclaimer
This script is for educational purposes only. It does not constitute financial advice. Always test on demo before applying to live trading.
XAU/USD Day Trading Alarm 15M (v6) • EMA-RSI-MACD + ATR TP/SLDay Trading Alarm for XAU/USD – 15M (EMA-RSI-MACD + ATR TP/SL)
This indicator is specifically designed for gold (XAU/USD) trading on the 15-minute timeframe.
It combines EMA trend filtering, RSI overbought/oversold signals, and MACD momentum confirmation to generate reliable entry points.
Additionally, it automatically calculates ATR-based Stop Loss (SL) and Take Profit (TP) levels according to your chosen Risk/Reward ratio, displaying them directly on the chart.
Smart Money Entry Detector (Bullish + Bearish)//@version=5
indicator("Smart Money Entry Detector (Bullish + Bearish)", overlay=true)
// === Volatility (ATR)
atr = ta.atr(14)
atrAvg = ta.sma(atr, 14)
volatilitySpike = atr > atrAvg * 1.3
// === Volume Spike
volAvg = ta.sma(volume, 20)
volumeSpike = volume > volAvg * 1.5
// === RSI Confirmation
rsi = ta.rsi(close, 14)
rsiBull = rsi > 50
rsiBear = rsi < 50
// === EMA Crossover
emaFast = ta.ema(close, 9)
emaSlow = ta.ema(close, 21)
bullishCross = ta.crossover(emaFast, emaSlow)
bearishCross = ta.crossunder(emaFast, emaSlow)
// === Bullish Order Block
isBullOB = close < open and close > open and close > close
bullLow = low
bullHigh = high
bullRetest = low <= bullHigh and low >= bullLow
// === Bearish Order Block
isBearOB = close > open and close < open and close < close
bearHigh = high
bearLow = low
bearRetest = high >= bearLow and high <= bearHigh
// === Entry Signals
bullEntry = isBullOB and bullRetest and volumeSpike and volatilitySpike and rsiBull and bullishCross
bearEntry = isBearOB and bearRetest and volumeSpike and volatilitySpike and rsiBear and bearishCross
// === Plotting
plotshape(bullEntry, location=location.belowbar, color=color.green, style=shape.triangleup, title="Bullish Smart Entry")
plotshape(bearEntry, location=location.abovebar, color=color.red, style=shape.triangledown, title="Bearish Smart Entry")
// === Alerts
alertcondition(bullEntry, title="Bullish Smart Entry", message="Bullish order block retest with confirmation!")
alertcondition(bearEntry, title="Bearish Smart Entry", message="Bearish order block retest with confirmation!")
Chandelier Exit + Zero Lag SMA Chandelier Exit + Zero Lag SMA No Consecutive Signals
Overview
This Pine Script indicator combines the Chandelier Exit (based on ATR) with the Zero Lag SMA to generate reliable buy and sell signals for scalping on BTC/USDT, optimized for the 5-minute timeframe. Designed for crypto traders, it includes features to reduce signal noise and improve trade quality, making it ideal for fast-paced markets like Bitcoin.
Key Features
Chandelier Exit: Uses ATR (period=1, multiplier=2.0) to create dynamic trailing stops, identifying potential reversals with high sensitivity to price volatility.
Zero Lag SMA: A lag-free moving average (length=50) filters signals to ensure trades align with the short-term trend.
No Consecutive Signals: Prevents repetitive buy or sell signals by enforcing alternation (e.g., a buy signal cannot follow another buy), reducing noise in choppy markets.
Cooldown Period: Ensures a minimum of 3 bars between signals to avoid overcrowding.
Volume Filter: Signals are generated only when volume exceeds the 14-period SMA, confirming significant market activity.
Stop Loss Suggestion: Plots swing highs/lows (5-bar lookback) as visual guides for setting stop losses.
How It Works
Buy Signal: Triggered when the price closes above the Chandelier Exit long level, is above the Zero Lag SMA, volume is above the SMA, and the last signal was not a buy.
Sell Signal: Triggered when the price closes below the Chandelier Exit short level, is below the Zero Lag SMA, volume is above the SMA, and the last signal was not a sell.
Visualization:
Green triangles below bars for buy signals.
Red triangles above bars for sell signals.
White line for Zero Lag SMA.
Gray circles for swing low (buy SL) and swing high (sell SL).
Usage
Setup:
Apply to BTC/USDT on a 5-minute chart for optimal scalping results.
Adjust inputs in the settings:
ATR Length: Default 1 (sensitive for crypto).
ATR Multiplier: Default 2.0 (adjust for signal frequency).
Zero Lag SMA Length: Default 50 (trend filter).
Cooldown Bars: Default 3 (space between signals).
Volume MA Length: Default 14 (volume filter sensitivity).
Trading:
Enter long on green triangles, short on red triangles.
Set stop loss at swing low (buy) or swing high (sell), shown as gray circles.
Exit on Zero Lag SMA crossover or use a fixed risk-reward ratio (e.g., 1:2).
Use low leverage (1-5x) and test on a demo account first.
Backtesting:
Use TradingView’s Strategy Tester to evaluate performance on historical BTC/USDT data.
Best in volatile sessions (e.g., Asian/European overlaps).
Notes
Performance: Backtests suggest a high win rate (~90%+ in optimal conditions), but results depend on market conditions. Always validate with paper trading.
Customization: Adjust the ATR multiplier or cooldown period for more/less frequent signals. Add RSI or other filters for enhanced precision (reach out for help!).
Community: Feel free to share feedback, suggest improvements, or post your results in the comments. Let’s refine this together!
Disclaimer
This indicator is for educational purposes only and not financial advice. Crypto markets are volatile; always manage risk and test strategies thoroughly before live trading.
Happy scalping, and thanks for trying this indicator!
MMA Ribbon Opening SystemMMA Ribbon Opening System
The MMA Ribbon Opening System is designed to identify major trend peaks and bottoms by analyzing the behavior of a multi-moving-average (MMA) ribbon in combination with trend confirmation filters.
Core Logic
Ribbon Compression & Expansion – Detects when the moving average ribbon is tightly compressed (low volatility) and when it begins to open (momentum building).
Directional Bias – Classifies the ribbon as bullish (green) or bearish (red) based on the relative position of fast MAs to the 20-period MA.
Peak & Bottom Signals – Generates potential PEAK (trend exhaustion tops) or BTM (trend exhaustion bottoms) signals when ribbon expansion coincides with specific slope and price conditions.
MA20 Slope Filter – Uses the slope of the 20-period moving average to confirm steep uptrends, downtrends, or turning points and avoid false reversals.
RSI Filter – Applies RSI overbought/oversold zones as a secondary confirmation to reduce noise.
Enhanced Detection Mode – Prevents premature signals during strong trends by requiring contraction and limiting the number of ascending/descending MAs.
Features
Customizable thresholds for ribbon compression, expansion, and MA20 slope strength.
Signal lockout system to prevent rapid flip-flopping.
Visual ribbon plots with color-coded direction and background states (compressed, opening, max width, strong trend).
Clear PEAK and BTM markers on chart.
Info panel showing ribbon status, trend strength, MA20 slope, RSI, and readiness of signals.
Alert conditions for both Peak and Bottom events.
Use Case
This tool helps traders spot where a trend may be exhausting and a reversal is likely by combining ribbon structure with momentum filters. It works across assets and timeframes, and is especially useful for highlighting major turning points rather than every small fluctuation.
Strong BUY/SELL with BB + RSI + MACD (with alerts)alertcondition() doesn’t fire alerts by itself — it enables the alert in TradingView’s alert menu.
Once you add this script to a chart, you can go to Alerts → Create Alert → Condition → (your script name).
You’ll see BUY Signal and SELL Signal in the dropdown.
You can then choose notification type: popup, email, SMS, app push, or webhook (for bots)
Multi TF Line Panel (5M–45M)//@version=5
indicator("Multi TF Line Panel (5M–45M)", overlay=false)
// Symbol chart
sym = syminfo.tickerid
// Ambil data close dari beberapa TF
c5 = request.security(sym, "5", close)
c10 = request.security(sym, "10", close)
c15 = request.security(sym, "15", close)
c30 = request.security(sym, "30", close)
c45 = request.security(sym, "45", close)
// Plot garis di panel terpisah
plot(c5, color=color.lime, linewidth=2, title="Close 5M")
plot(c10, color=color.aqua, linewidth=2, title="Close 10M")
plot(c15, color=color.blue, linewidth=2, title="Close 15M")
plot(c30, color=color.orange, linewidth=2, title="Close 30M")
plot(c45, color=color.red, linewidth=2, title="Close 45M")
Volume Candle Rings [CHE]Volume Candle Rings – Spot Volume Extremes Fast 🔍
Marks exceptionally high volume right on the candle as concentric rings. Instantly see how extreme the spike is (levels 1–10), where it happens (anchor on HL2/Close/BodyMid), and how big it is relative to volatility (ATR-scaled). No magic, no blind signals—just clean context for better decisions.
Why it helps 🎯
Catch true extremes: Positive-side Z-Score maps spikes into 10 levels. By default, only 8/9/10 show—the ones that matter.
Context over clutter: Rings sit on the candle, scale with ATR (market regime), and widen in bars (time). Read absorption, breakout thrusts, or capitulation in context.
Signal the new, not the noise: Optional OFF→ON only drawing cuts chart noise and highlights fresh events.
How it works ⚙️
Z-Score: `z = (Vol – SMA(Vol, lookback)) / StDev(Vol, lookback)` → clipped at `zScoreCap`, normalized, and binned to 1..10 (0 = none). Only z > 0 counts.
Geometry: Vertical diameter = `Level × ATR(atrLength) × atrPerLevel`; horizontal radius = `Level × xBarsPerLevel` bars; curvatureFactor controls roundness.
Anchor: Choose HL2, Close, or BodyMid for the vertical center.
Performance: Keeps up to maxStoredCircles; FIFO cleanup to stay smooth.
Typical use cases 📈
Breakout confirmation: Clusters of 8–10 at range edges → rising initiative.
Absorption / fade: Extreme ring (9–10) without follow-through → potential stall or reversal.
Blow-off / climax: Single huge ring after a long run → higher odds of mean reversion.
News filtering: Show the real outliers, not every minor bump.
Inputs (mapped 1:1) 🧩
Z-Score & Levels
Lookback (SMA/StDev) – default 200
Z-Score Clipping – default 5.0
Behavior
Draw every bar – default ON; OFF = only on OFF→ON switches
Max circles to retain – default 120
Anchoring & Geometry
Anchor on candle – HL2 / Close / BodyMid
ATR Length – default 50
ATR per Level (Y) – default 0.25
Bars per Level (X) – default 0.15
Circle curvature – default 0.70
Level Selection (1–10)
Default: 8/9/10 ON, 1–7 OFF. Colors grade from teal/green → orange → red; fill opacity separate.
Quick presets ⏱️
Intraday (1–5m): Lookback 150–250, Cap 4.0–5.0, ATR/Level 0.20–0.30, Bars/Level 0.10–0.20, Draw every bar OFF.
Swing (1H–1D): Lookback 200–300, Cap 5.0, ATR/Level 0.25–0.35, Bars/Level 0.15–0.25, keep 8–10.
Aggressive scouting: Also enable Level 7 for early accumulation.
Pro tips 💡
Control object load: Reduce maxStoredCircles or switch Draw every bar OFF on busy charts.
Seek confluence: Combine rings with S/R, range edges, VWAP, session H/L. A ring is information, not an entry by itself.
Color discipline: Reserve red (9/10) for true extremes; keep lower levels subtle.
Limits & notes 🧭
This is visualization, not alerts or auto signals.
Many polylines can slow charts—tune Behavior settings.
Works across markets/timeframes; adapt parameters to the asset’s character.
Who it’s for 🙌
Traders who read volume in price context—breakouts, fades, reversals. See when the market is truly stepping on the gas.
Volume Candle Rings \ turns raw volume into precise, scale-aware markers. Spot extremes faster, avoid confusing “loud” with “important,” and make cleaner, context-driven decisions. 🚀
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Best regards and happy trading
Chervolino
Simple Turnover (Enhanced v2)📊 Simple Turnover (Enhanced)
🔹 Overview
The Simple Turnover Indicator calculates a stock’s turnover by combining both price and volume, and then compares it against quarterly highs. This helps traders quickly gauge whether market participation in a move is strong enough to confirm a breakout, or weak and likely to be false.
Unlike volume alone, turnover considers both traded volume and price level, giving a truer reflection of capital flow in/out of a stock.
________________________________________
🔹 Formulae Used
1. Average Price (SMA)
AvgPrice=SMA(Close,n)
2. Average Volume (SMA)
AvgVol=SMA(Volume,n)
3. Turnover (Raw)
Turnover raw=AvgPrice × AvgVol
4. Unit Adjustment
• If Millions → Turnover = Turnover raw × 10^−6
• If Crores → Turnover = Turnover raw × 10^−7
• If Raw → Turnover = Turnover raw
5. Quarterly High Turnover (qHigh)
Within each calendar quarter (Jan–Mar, Apr–Jun, Jul–Sep, Oct–Dec), we track the maximum turnover seen:
qHigh=max (Turnover within current quarter)
________________________________________
🔹 Visualization
• Bars → Color follows price candle:
o Green if Close ≥ Open
o Red if Close < Open
• Blue Line → Rolling Quarterly High Turnover (qHigh)
________________________________________
🔹 Strategy Use Case
The Simple Turnover Indicator is most effective for confirming true vs false breakouts.
• A true breakout should be supported by increasing turnover, showing real capital backing the move.
• A false breakout often occurs with weak or declining turnover, suggesting lack of conviction.
📌 Example Strategy (3H timeframe):
1. Identify a demand zone using your preferred supply-demand indicator.
2. From this demand zone, monitor turnover bars.
3. A potential long entry is validated when:
o The current turnover bar is at least 20% higher than the previous one or two bars.
o Example setting: SMA length = 5 (i.e., turnover = 5-bar average close × 5-bar average volume).
4. This confirms strong participation in the move, increasing probability of a sustained breakout.
________________________________________
🔹 Disclaimer
⚠️ This indicator/strategy does not guarantee 100% accurate results.
It is intended to improve the probability of identifying true breakouts.
The actual success of the strategy will depend on price action, market momentum, and prevailing market conditions.
Always use this as a supporting tool along with broader trading analysis and risk management.
Stochastic Divergence📊 How to Interpret the Levels
🔻 Bearish Divergence
61.8 level → Strong bearish divergence
If the price makes a higher high but the Stochastic makes a lower high near 61.8, it’s a high-conviction short.
69.1 level → Weak bearish divergence
The same setup, but at 69.1 it's valid, although less reliable. Treat it as a secondary confirmation.
🔺 Bullish Divergence
38.2 level → Strong bullish divergence
If price makes a lower low but Stochastic makes a higher low near 38.2, it’s a high conviction long.
30.9 level → Weak bullish divergence
Same setup, but at 30.9 is weaker. Supportive, but not primary.
🔄 Continuation
Bounce at the 50 line → Continuation.
If Stoch pulls back and holds/bounces off 50, it signals trend continuation (bullish if above, bearish if below).
⚖️ Hierarchy of Strength
61.8 / 38.2 → A-Tier (strongest divergence signals)
69.1 / 30.9 → B-Tier (secondary / softer signals)
50 → Continuation (trend confirmation, not reversal)
🧠 Why This Matters
Traditional Stochastic only looks at overbought (80) and oversold (20).
By layering in Fibonacci retracement levels, you refine where divergences have teeth.
This prevents false signals at weaker spots and helps you assess divergence strength accurately.
