Silver Bullet ICT Strategy [TradingFinder] 10-11 AM NY Time +FVG🔵 Introduction
The ICT Silver Bullet trading strategy is a precise, time-based algorithmic approach that relies on Fair Value Gaps and Liquidity to identify high-probability trade setups. The strategy primarily focuses on the New York AM Session from 10:00 AM to 11:00 AM, leveraging heightened market activity within this critical window to capture short-term trading opportunities.
As an intraday strategy, it is most effective on lower timeframes, with ICT recommending a 15-minute chart or lower. While experienced traders often utilize 1-minute to 5-minute charts, beginners may find the 1-minute timeframe more manageable for applying this strategy.
This approach specifically targets quick trades, designed to take advantage of market movements within tight one-hour windows. By narrowing its focus, the Silver Bullet offers a streamlined and efficient method for traders to capitalize on liquidity shifts and price imbalances with precision.
In the fast-paced world of forex trading, the ability to identify market manipulation and false price movements is crucial for traders aiming to stay ahead of the curve. The Silver Bullet Indicator simplifies this process by integrating ICT principles such as liquidity traps, Order Blocks, and Fair Value Gaps (FVG).
These concepts form the foundation of a tool designed to mimic the strategies of institutional players, empowering traders to align their trades with the "smart money." By transforming complex market dynamics into actionable insights, the Silver Bullet Indicator provides a powerful framework for short-term trading success
Silver Bullet Bullish Setup :
Silver Bullet Bearish Setup :
🔵 How to Use
The Silver Bullet Indicator is a specialized tool that operates within the critical time windows of 9:00-10:00 and 10:00-11:00 in the forex market. Its design incorporates key principles from ICT (Inner Circle Trader) methodology, focusing on concepts such as liquidity traps, CISD Levels, Order Blocks, and Fair Value Gaps (FVG) to provide precise and actionable trade setups.
🟣 Bullish Setup
In a bullish setup, the indicator starts by marking the high and low of the session, serving as critical reference points for liquidity. A typical sequence involves a liquidity grab below the low, where the price manipulates retail traders into selling positions by breaching a key support level.
This movement is often orchestrated by smart money to accumulate buy orders. Following this liquidity grab, a market structure shift (MSS) occurs, signaled by the price breaking the CISD Level—a confirmation of bullish intent. The indicator then highlights an Order Block near the CISD Level, representing the zone where institutional buying is concentrated.
Additionally, it identifies a Fair Value Gap, which acts as a high-probability area for price retracement and trade entry. Traders can confidently take long positions when the price revisits these zones, targeting the next significant liquidity pool or resistance level.
Bullish Setup in CAPITALCOM:US100 :
🟣 Bearish Setup
Conversely, in a bearish setup, the price manipulates liquidity by creating a false breakout above the high of the session. This move entices retail traders into long positions, allowing institutional players to enter sell orders.
Once the price reverses direction and breaches the CISD Level to the downside, a change of character (CHOCH) becomes evident, confirming a bearish market structure. The indicator highlights an Order Block near this level, indicating the origin of the institutional sell orders, along with an associated FVG, which represents an imbalance zone likely to be revisited before the price continues downward.
By entering short positions when the price retraces to these levels, traders align their strategies with the anticipated continuation of bearish momentum, targeting nearby liquidity voids or support zones.
Bearish Setup in OANDA:XAUUSD :
🔵 Settings
Refine Order Block : Enables finer adjustments to Order Block levels for more accurate price responses.
Mitigation Level OB : Allows users to set specific reaction points within an Order Block, including: Proximal: Closest level to the current price. 50% OB: Midpoint of the Order Block. Distal: Farthest level from the current price.
FVG Filter : The Judas Swing indicator includes a filter for Fair Value Gap (FVG), allowing different filtering based on FVG width: FVG Filter Type: Can be set to "Very Aggressive," "Aggressive," "Defensive," or "Very Defensive." Higher defensiveness narrows the FVG width, focusing on narrower gaps.
Mitigation Level FVG : Like the Order Block, you can set price reaction levels for FVG with options such as Proximal, 50% OB, and Distal.
CISD : The Bar Back Check option enables traders to specify the number of past candles checked for identifying the CISD Level, enhancing CISD Level accuracy on the chart.
🔵 Conclusion
The Silver Bullet Indicator is a cutting-edge tool designed specifically for forex traders who aim to leverage market dynamics during critical liquidity windows. By focusing on the highly active 9:00-10:00 and 10:00-11:00 timeframes, the indicator simplifies complex market concepts such as liquidity traps, Order Blocks, Fair Value Gaps (FVG), and CISD Levels, transforming them into actionable insights.
What sets the Silver Bullet Indicator apart is its precision in detecting false breakouts and market structure shifts (MSS), enabling traders to align their strategies with institutional activity. The visual clarity of its signals, including color-coded zones and directional arrows, ensures that both novice and experienced traders can easily interpret and apply its findings in real-time.
By integrating ICT principles, the indicator empowers traders to identify high-probability entry and exit points, minimize risk, and optimize trade execution. Whether you are capturing short-term price movements or navigating complex market conditions, the Silver Bullet Indicator offers a robust framework to enhance your trading performance.
Ultimately, this tool is more than just an indicator; it is a strategic ally for traders who seek to decode the movements of smart money and capitalize on institutional strategies. With the Silver Bullet Indicator, traders can approach the market with greater confidence, precision, and profitability.
Indicateurs et stratégies
M2 Suite [KFB Quant]M2 Suite
The M2 Suite is a specialized technical indicator designed to analyze global M2 money supply data from major economies (US, EU, China, and Japan). It aggregates this macroeconomic data and transforms it into actionable insights for crypto trading, assisting with trend-following strategies on a 1D timeframe. By leveraging M2 money supply changes as an economic signal, the M2 Suite highlights potential long and short opportunities based on market liquidity trends.
Functionality:
The M2 Suite aggregates global M2 money supply data, normalizing it to USD for comparability. It calculates percentage changes over multiple timeframes (30–360 days) and averages these changes to score the strength and direction of the M2 trend. With customizable smoothing options, users can tailor the indicator to suit their trading style.
Signal Modes:
Users can choose from three signal modes for maximum flexibility:
Standard – Displays raw trend signals without smoothing.
Smoothed – Applies user-selected smoothing (EMA, SMA, or WMA) for cleaner signals.
Combined – Provides both standard and smoothed signals for a complete picture.
Indicator Features:
Thresholds: Define long and short entry points using customizable score and percentage change thresholds.
Signal Smoothing: Adjust signal clarity with selectable smoothing methods and lengths.
Visual Enhancements: Features gradient-colored signal lines, dynamic background shading, and labeled signal markers for enhanced chart readability.
Limitations:
The M2 Suite is intended for crypto markets and performs best on the 1D timeframe due to the daily data it requests. It should be used as part of a broader trading strategy, as it reflects historical macroeconomic trends and doesn’t predict future movements. Additionally, past results do not guarantee future performance.
Disclaimer: This tool is provided for informational and educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
VD Zig Zag with SMAIntroduction
The VD Zig Zag with SMA indicator is a powerful tool designed to streamline technical analysis by combining Zig Zag swing lines with a Simple Moving Average (SMA). It offers traders a clear and intuitive way to analyze price trends, market structure, and potential reversals, all within a customizable framework.
Definition
The Zig Zag indicator is a trend-following tool that highlights significant price movements by filtering out smaller fluctuations. It visually connects swing highs and lows to reveal the underlying market structure. When paired with an SMA, it provides an additional layer of trend confirmation, helping traders align their strategies with market momentum.
Calculations
Zig Zag Logic:
Swing highs and lows are determined using a user-defined length parameter.
The highest and lowest points within the specified range are identified using the ta.highest() and ta.lowest() functions.
Zig Zag lines dynamically connect these swing points to visually map price movements.
SMA Logic:
The SMA is calculated using the closing prices over a user-defined period.
It smooths out price action to provide a clearer view of the prevailing trend.
The indicator allows traders to adjust the Zig Zag length and SMA period to suit their preferred trading timeframe and strategy.
Takeaways
Enhanced Trend Analysis: The Zig Zag lines clearly define the market's structural highs and lows, helping traders identify trends and reversals.
Customizable Parameters: Both the swing length and SMA period can be tailored for short-term or long-term trading strategies.
Visual Clarity: By filtering out noise, the indicator simplifies chart analysis and enables better decision-making.
Multi-Timeframe Support: Adapts seamlessly to the chart's timeframe, ensuring usability across all trading horizons.
Limitations
Lagging Nature: As with any indicator, the Zig Zag and SMA components are reactive and may lag during sudden price movements.
Sensitivity to Parameters: Improper parameter settings can lead to overfitting, where the indicator reacts too sensitively or misses significant trends.
Does Not Predict: This indicator identifies trends and structure but does not provide forward-looking predictions.
Summary
The VD Zig Zag with SMA indicator is a versatile and easy-to-use tool that combines the strengths of Zig Zag swing analysis and moving average trends. It helps traders filter market noise, visualize structural patterns, and confirm trends with greater confidence. While it comes with limitations inherent to all technical tools, its customizable features and multi-timeframe adaptability make it an excellent addition to any trader’s toolkit.
Additional Features
Have an idea or a feature you'd like to see added?
Feel free to reach out or share your suggestions here—I’m always open to updates!
ATR and Volume AnalysisHi!
I would like to present an indicator that's meant to measure ratio of Volatility to Volume.
Basically it measures 2 moving averages (14 and 100 period) of ATR and Volume and then compares them. The output is ATR14 / Vol14
Color scheme
Red: Volume and ATR is both below 14 period
Green: Both are above
Yellow: Volume up, volatility down
Purple: Volume down, volatility up
Then there are two lines - 1 and 1.5
That is, in my opinion, the most optimal state to trade, because 1 means that there is some volatility and it's confirmed by volume. Above 1,5 you could see it as overbought (or oversold) zone. If it's above this line, we could expect a retracement since the volatility is not backed by volume. Above 2 it's quite critical and I would suggest closing trades.
(You can use it across all timeframes. In fact it's better if you do so. Longer timeframes are good for spotting tradeable markets while shorter timeframes show overbought / oversold zones)
I have also added option to choose between 4 different moving averages, but in my opinion RMA works the best.
Feel free to share some feedback, I would really appreciate it.
Sincerely,
Beefmaster
ToolsMapLibrary "ToolsMap"
Helper functions for map type operations
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (string) : Key to be checked
default (bool) : Default return value when key not found. Default: false
Returns: bool
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (string) : Key to be checked
default (int) : Default return value when key not found. Default: -1
Returns: int
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (string) : Key to be checked
default (float) : Default return value when key not found. Default: -1
Returns: float
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (string) : Key to be checked
default (string) : Default return value when key not found. Default: ''
Returns: string
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (string) : Key to be checked
default (color) : Default return value when key not found. Default: color.white
Returns: color
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (int) : Key to be checked
default (bool) : Default return value when key not found. Default: false
Returns: bool
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (int) : Key to be checked
default (int) : Default return value when key not found. Default: -1
Returns: int
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (int) : Key to be checked
default (float) : Default return value when key not found. Default: -1
Returns: float
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (int) : Key to be checked
default (string) : Default return value when key not found. Default: ''
Returns: string
map_def(container, key, default)
Returns Map key's value with default return value option
Parameters:
container (map) : Map object
key (int) : Key to be checked
default (color) : Default return value when key not found. Default: color.white
Returns: color
Sharpe Ratio With Upper/Lower BandsSharpe Ratio with Upper/Lower Bands is an advanced indicator designed to measure and visualize risk-adjusted returns. The Sharpe Ratio evaluates the performance of an asset or portfolio relative to its risk, helping traders and investors gauge efficiency.
This indicator enhances the traditional Sharpe Ratio by adding dynamic upper and lower bands based on its historical mean and standard deviation. These bands provide clear visual thresholds for overperformance and underperformance, allowing users to identify when the Sharpe Ratio deviates significantly from its typical range.
It’s a valuable tool for spotting extreme risk-adjusted performance levels, optimizing entry and exit points, and maintaining a balanced risk-reward strategy.
Conditional Value at Risk (CVaR)This Pine Script implements the Conditional Value at Risk (CVaR), a risk metric that evaluates the potential losses in a financial portfolio beyond a certain confidence level, incorporating both the Value at Risk (VaR) and the expected loss given that the VaR threshold has been breached.
Key Features:
Input Parameters:
length: Defines the observation period in days (default is 252, typically used to represent the number of trading days in a year).
confidence: Specifies the confidence interval for calculating VaR and CVaR, with values between 0.5 and 0.99 (default is 0.95, indicating a 95% confidence level).
Logarithmic Returns Calculation: The script computes the logarithmic returns based on the daily closing prices, a common method to measure financial asset returns, given by:
Log Return=ln(PtPt−1)
Log Return=ln(Pt−1Pt)
where PtPt is the price at time tt, and Pt−1Pt−1 is the price at the previous time point.
VaR Calculation: Value at Risk (VaR) is estimated as the percentile of the returns array corresponding to the given confidence interval. This represents the maximum loss expected over a given time horizon under normal market conditions at the specified confidence level.
CVaR Calculation: The Conditional VaR (CVaR) is calculated as the average of the returns that fall below the VaR threshold. This represents the expected loss given that the loss has exceeded the VaR threshold.
Visualization: The script plots two key risk measures:
VaR: The maximum potential loss at the specified confidence level.
CVaR: The average of the losses beyond the VaR threshold.
The script also includes a neutral line at zero to help visualize the losses and their magnitude.
Source and Scientific Background:
The concept of Value at Risk (VaR) was popularized by J.P. Morgan in the 1990s, and it has since become a widely-used tool for risk management (Jorion, 2007). Conditional Value at Risk (CVaR), also known as Expected Shortfall, addresses the limitation of VaR by considering the severity of losses beyond the VaR threshold (Rockafellar & Uryasev, 2002). CVaR provides a more comprehensive risk measure, especially in extreme tail risk scenarios.
References:
Jorion, P. (2007). Value at Risk: The New Benchmark for Managing Financial Risk. McGraw-Hill Education.
Rockafellar, R.T., & Uryasev, S. (2002). Conditional Value-at-Risk for General Loss Distributions. Journal of Banking & Finance, 26(7), 1443–1471.
XAUUSD Trend Strategy### Description of the XAUUSD Trading Strategy with Pine Script
This strategy is designed to trade gold (**XAUUSD**) using proven technical analysis principles. It combines key indicators such as **Exponential Moving Averages (EMA)**, the **Relative Strength Index (RSI)**, and **Bollinger Bands** to identify trading opportunities in trending market conditions.
---
#### Objective:
To maximize profits by identifying trend-aligned entry points while minimizing risks through well-defined Stop Loss and Take Profit levels.
---
### How It Works
1. **Indicators Used:**
- **Exponential Moving Averages (EMA):** Tracks short-term and long-term trends to confirm market direction.
- **Relative Strength Index (RSI):** Detects overbought or oversold conditions for potential reversals or trend continuation.
- **Bollinger Bands:** Measures volatility to identify breakout or reversion points.
2. **Entry Rules:**
- **Long (Buy):** Triggered when:
- The short-term EMA crosses above the long-term EMA (bullish trend confirmation).
- RSI exits oversold territory (<30), signaling buying momentum.
- The price breaks above the upper Bollinger Band, indicating a strong trend.
- **Short (Sell):** Triggered when:
- The short-term EMA crosses below the long-term EMA (bearish trend confirmation).
- RSI exits overbought territory (>70), signaling selling momentum.
- The price breaks below the lower Bollinger Band, indicating a strong downtrend.
3. **Risk Management:**
- **Stop Loss:** Automatically calculated based on a percentage of equity risk (customizable via inputs).
- **Take Profit:** Defined using a risk-to-reward ratio, ensuring consistent profitability when trades succeed.
4. **Visualization:**
- The chart displays the EMAs, Bollinger Bands, and entry/exit points for clear analysis.
---
### Key Features:
- **Customizable Parameters:** You can adjust EMAs, RSI thresholds, Bollinger Band settings, and risk levels to suit your trading style.
- **Alerts:** Automatic alerts for potential trade setups.
- **Backtesting-Ready:** Easily test historical performance on TradingView.
---
This strategy is ideal for gold traders looking for a systematic, rule-based approach to trading trends with minimal emotional interference.
Williams Fractals for ExtremesThis script, written in Pine Script (version 5), implements an indicator for the automatic detection and visualization of fractal extremes on the price chart. The core algorithm is based on Bill Williams' fractal theory and identifies local highs and lows, which are often used to determine potential reversal points and support/resistance levels in the market.
### Key Features:
#### Fractal Detection:
- The indicator identifies a fractal high if the middle candle in a sequence of five candles (two on the left and two on the right) has the highest value.
- A fractal low is identified if the middle candle in the same type of five-candle sequence has the lowest value.
#### Extreme Visualization:
- Fractal highs are displayed as red dots on the chart, signaling potential local peaks.
- Fractal lows are shown as green dots, indicating local troughs.
### Usage:
- The indicator is designed for use across all timeframes and can be applied to both cryptocurrency and traditional financial markets.
- Highlighted points allow traders to quickly spot key levels, aiding in identifying potential zones for trade entry or exit.
### Application in Trading:
#### Identifying Key Levels:
- Fractal highs and lows can serve as resistance and support levels. A breakout beyond a fractal in either direction may signal a continuation of movement in that direction.
#### Finding Reversal Points:
- Fractal extremes indicate potential market reversals, making them useful in counter-trend trading strategies.
#### Adaptability to Market Conditions:
- The indicator updates dynamically with the appearance of new candles, providing traders with real-time fractal extreme levels.
### Settings and Parameters:
- In its current version, the script does not include customizable settings as it implements the standard concept of Williams' fractals.
[Stuppieeeeeee] - Multiple vertical timeframes linesEnhance your trading experience with this intuitive indicator that displays vertical lines on your chart to mark the start of new bars in higher timeframes. Whether you're analyzing on a 5-minute chart or any other lower timeframe, this tool helps you visualize when significant periods begin on larger scales like hourly, daily, or even monthly charts.
Key Features:
Multiple Timeframes Supported: Choose from 5 minutes, 15 minutes, 1 hour, 4 hours, 12 hours, daily, weekly, and monthly timeframes to display vertical lines.
Customizable Appearance: Personalize each set of lines by adjusting their colors, including transparency levels, line styles (solid, dashed, dotted), and widths to suit your preferences and enhance visibility.
Automatic Visibility Management: The indicator intelligently hides lines for timeframes that are equal to or lower than your current chart timeframe, keeping your chart clean and focused.
Future Projection: Not only does it mark the start of current higher timeframe bars, but it also projects lines into the near future. This feature allows you to anticipate upcoming significant time intervals, aiding in better planning and decision-making.
Layer Control: You have the ability to control which lines appear above others. By adjusting the drawing order and using transparency settings, you ensure that all important lines are visible without cluttering your chart.
Benefits:
Enhanced Multi-Timeframe Analysis: Quickly identify when higher timeframe bars start while analyzing lower timeframe charts, helping you align your trades with significant market movements.
Improved Market Structure Understanding: Visual cues from the vertical lines aid in recognizing patterns and trends that span across different timeframes.
Strategic Planning: Anticipate key time intervals with future projection lines, allowing you to prepare for potential market shifts.
How to Use:
Apply the Indicator:
Add the indicator to your TradingView chart as you would with any other tool.
It's most effective when used on lower timeframe charts (like 5-minute or 15-minute charts) to display lines from higher timeframes.
Customize Settings:
Open the indicator's settings panel.
For each timeframe, adjust the line color, style, width, and transparency to your liking.
Set the transparency to allow underlying lines to show through if desired.
Interpret the Lines:
Vertical lines will appear at the start of new bars for the higher timeframes you've selected.
Use these visual markers to inform your entry and exit points, aligning them with larger market movements.
Pay attention to future lines to anticipate upcoming periods of interest.
Notes:
Performance Considerations: Displaying a large number of lines may impact chart performance. If you notice any lag, consider reducing the number of active timeframes or increasing line transparency.
TradingView Limitations: Be aware that TradingView limits the number of drawing objects on a chart. The indicator is designed to manage this, but extremely long timeframes or high bar counts might affect its operation.
Previous High and Low Count with Probabilities + Risk On/Off1. Purpose of the Script:
This trading script combines two important concepts:
Previous High and Low Count: It tracks whether the current price exceeds the previous day’s high or low and calculates probabilities for the next price movement (up or down).
Risk On / Risk Off Indicator: It evaluates market sentiment through various indicators (such as the Fear & Greed Index, VIX, and others) and shows whether the market is in a risk-on or risk-off state. This information impacts the probabilities of price movement.
2. How it Works:
Previous High and Low:
The script tracks how often the price exceeds the previous day’s high or low and calculates the probability of an upward or downward movement based on that. This gives you an idea of how often the market reacts at the previous day's high or low.
Risk On / Risk Off:
Based on various market factors (Fear & Greed Index, VIX, Put-Call Ratio, etc.), the script calculates the Risk On or Risk Off state.
In Risk On, the probability of an upward movement increases, and the probability of a downward movement decreases. In Risk Off, it’s the opposite.
Adjusted Probabilities:
The probabilities for an Up or Down movement are adjusted based on the current Risk On / Risk Off state. In a Risk On environment, the probability for an upward move increases, while in a Risk Off environment, the probability for a downward move increases.
3. How to Use the Script:
Add the Script in TradingView:
TradingView:
Click on "Add to Chart" to apply the script to your chart.
Manual Input of Indicators:
For the Fear & Greed Index, VIX, and other indicators, you need to manually enter the current values. You can get these values from various publicly available sources:
Fear & Greed Index: CNN Fear & Greed Index
VIX (Volatility Index): VIX Index
Other indicators like Put-Call Ratio, Bitcoin Volatility, Oil Prices, and US Dollar Index can also be manually inputted, and they can be found on finance websites like Yahoo Finance, MarketWatch, and Bloomberg.
Observe the Colors and Symbols:
If the market is in a Risk On state, the background will turn green, and a green triangle will appear below the candle.
If the market is in a Risk Off state, the background will turn red, and a red triangle will appear above the candle.
Track the Probabilities:
A label will appear on the chart showing the calculated probabilities for Up and Down movements. These probabilities are adjusted based on the current market state (Risk On/Off).
4. Meaning of the Probabilities:
Up Probability: Indicates the probability that the price will rise.
Down Probability: Indicates the probability that the price will fall.
The probabilities are dynamic and adjust based on the Risk On / Risk Off state, helping you make better decisions based on the current market conditions.
ATH/ATL trackerThis script calculates and displays in a table in realtime:
- ATH, date of occurrence, and that price/current price
- ATL, date of occurrence, and that price/current price
- ATH of the current year, date of occurrence, and that price/current price
- ATL of the current year, date of occurrence, and that price/current price
Inner Bar Strength (IBS)Inner Bar Strength (IBS) Indicator
The Inner Bar Strength (IBS) indicator is a technical analysis tool designed to measure the position of the closing price relative to the day's price range. It provides insights into market sentiment by indicating where the close occurs within the high and low of a specific timeframe. The IBS value ranges from 0 to 1, where values near 1 suggest bullish momentum (close near the high), and values near 0 indicate bearish momentum (close near the low).
How It Works
The IBS is calculated using the following formula:
IBS = (Close−Low) / (High−Low)
IBS = (High−Low) / (Close−Low)
Close: Closing price of the selected timeframe.
Low: Lowest price of the selected timeframe.
High: Highest price of the selected timeframe.
The indicator allows you to select the timeframe for calculation (default is daily), providing flexibility to analyze different periods based on your trading strategy.
Key Features
Inner Bar Strength (IBS) Indicator
The Inner Bar Strength (IBS) indicator is a technical analysis tool designed to measure the position of the closing price relative to the day's price range. It provides insights into market sentiment by indicating where the close occurs within the high and low of a specific timeframe. The IBS value ranges from 0 to 1, where values near 1 suggest bullish momentum (close near the high), and values near 0 indicate bearish momentum (close near the low).
How It Works
The IBS is calculated using the following formula:
IBS=Close−LowHigh−Low
IBS=High−LowClose−Low
Close: Closing price of the selected timeframe.
Low: Lowest price of the selected timeframe.
High: Highest price of the selected timeframe.
The indicator allows you to select the timeframe for calculation (default is daily), providing flexibility to analyze different periods based on your trading strategy.
Key Features
Timeframe Selection: Customize the timeframe to daily, weekly, monthly, or any other period that suits your analysis.
Adjustable Thresholds: Input fields for upper and lower thresholds (defaulted at 0.9 and 0.1) help identify overbought and oversold conditions.
Visual Aids: Dashed horizontal lines at the threshold levels make it easy to visualize critical levels on the chart.
How to Use the IBS Indicator
When the IBS value exceeds the upper threshold (e.g., 0.9), it suggests the asset is closing near its high and may be overbought.
When the IBS value falls below the lower threshold (e.g., 0.1), it indicates the asset is closing near its low and may be oversold.
Use RSI to confirm overbought or oversold conditions identified by the IBS.
Incorporate moving averages to identify the overall trend and filter signals.
High trading volume can strengthen signals provided by the IBS.
If the price is making lower lows while the IBS is making higher lows, it may signal a potential upward reversal.
If the price is making higher highs and the IBS is making lower highs, a downward reversal might be imminent.
Conclusion
The Inner Bar Strength (IBS) indicator is a valuable tool for traders seeking to understand intraday momentum and potential reversal points. By measuring where the closing price lies within the day's range, it provides immediate insights into market sentiment. When used alongside other technical analysis tools, the IBS can enhance your trading strategy by identifying overbought or oversold conditions, confirming breakouts, and highlighting potential divergence signals.
[EmreKb] Custom PatternCustom Pattern
With this indicator, you can create and display as many patterns as you want on the chart. The indicator works by taking two inputs. We can start the explanation by describing these inputs.
Inputs
Zigzag Length: Length for zigzag legs.
Patternscript Code: Patternscript code. (But what is patternscript?)
Explanation Of Patternscript
Patternscript (it's a completely fictional script language) is a scripting language that allows you to write your own patterns, and it operates within Pinescript). Let's take a look at the syntax of this language.
{
(, )
}
...
This means that the Fibonacci levels drawn from the from_point to the to_point must have the target_point between the min_fib_level and max_fib_level .
Let's see a few practical examples.
Patternscript Code For ABCD Pattern
ABCD{
ABC(0.618, 0.886)
BCD(1.272, 1.618)
}
ABC(0.618, 0.886): Fibonacci drawn from the A to B, must have the C between the 0.618 and 0.886
BCD(1.272, 1.618): Fibonacci drawn from the B to C, must have the D between the 1.272 and 1.618
Patternscript Code For Multiple Pattern
BAT{
XAB(0.382, 0.5)
ABC(0.382, 0.886)
BCD(1.618, 2.618)
XAD(0.382, 0.886)
}
ABCD{
ABC(0.618, 0.886)
BCD(1.272, 1.618)
}
Notes:
You can set the pattern name as you like, this is not related to the pattern rules.
There is no limit for pattern count, but remember pine limits.
Custom Zig Zag with Absolute Price DifferenceThis Zig-Zag indicator visualizes the price movements of a financial instrument and highlights the relevant turning points (pivots) where the price has undergone a significant change. It uses a deviation threshold to mark only substantial movements and ignore minor fluctuations.
The input parameters allow the user to customize the indicator:
Deviation (%): Defines the minimum percentage deviation required to mark a turning point.
Depth: Specifies how many periods before and after a pivot are considered to determine whether it is a real high or low.
Line Color: Allows the user to change the color of the lines that connect the pivots.
Extend to Last Bar: If enabled, extends the last lines to the current bar.
Display Absolute Price Difference: If enabled, the indicator shows the absolute price difference between the current pivot and the previous one.
Label Size: Allows adjusting the font size of the displayed labels.
The logic of the indicator is based on calculating pivots (highs and lows) using price movements. The indicator then tracks the changes between successive pivots and represents them as lines. When the price shows a significant difference from the last pivot (measured in percentage), a line is drawn, and a label displaying the price difference is shown.
Additionally, the indicator uses the calc_dev function to compute the price deviation between the last pivot and the current price. This provides users with a clear visualization of price changes, helping to identify larger price movements.
Enhanced Volume Flow Analysis Pro ♾️ IFEnhanced Volume Flow Analysis Pro (EVFA Pro)
A Comprehensive Guide to Understanding and Using Volume Flow Analysis
Introduction
The Enhanced Volume Flow Analysis Pro (EVFA Pro) represents a sophisticated approach to understanding market dynamics through the lens of volume analysis. This advanced technical indicator has been designed to peel back the layers of market activity, revealing the intricate dance between institutional and retail traders. By combining volume analysis, participant behavior patterns, and market condition recognition, EVFA Pro provides traders with a deeper understanding of market movements and potential opportunities.
Understanding the Core Framework
At its heart, EVFA Pro works by analyzing and categorizing trading volume based on several key characteristics. The indicator examines not just the raw volume, but also the context in which that volume occurs. It considers factors such as price movement, historical patterns, and market conditions to classify trading activity as either institutional or retail in nature.
The framework adapts dynamically to different market environments. Whether you're trading stocks, ETFs, cryptocurrencies, or commodities, the indicator automatically adjusts its parameters to match the typical behavior patterns of each asset class. This adaptability extends to different trading styles as well, with optimizations for everything from quick-paced scalping to longer-term position trading.
Market Participant Analysis
One of the most powerful aspects of EVFA Pro is its ability to distinguish between institutional and retail trading activity. The indicator accomplishes this through a sophisticated analysis of volume patterns, order flow, and price action. Institutional trading typically leaves distinct footprints in the market - large, well-organized volume patterns that often occur at strategic price levels. EVFA Pro identifies these patterns and separates them from the more scattered, emotion-driven patterns typical of retail trading.
The indicator maintains a constant watch on participation rates from both groups. When institutional participation rises above normal levels, it could signal the beginning of a significant move. Similarly, spikes in retail activity, especially when combined with certain price patterns, might indicate potential market turning points.
Reading Market Conditions
Market conditions are not static, and EVFA Pro recognizes this fundamental truth. The indicator continuously evaluates market conditions, classifying them into four main categories: normal, volatile, ranging, and trending. This classification isn't merely descriptive - it directly influences how the indicator interprets various patterns and signals.
In volatile markets, the indicator becomes more conservative in its pattern recognition, requiring stronger confirmation before signaling potential opportunities. During ranging periods, it adjusts to look for shorter-term movements and potential breakout scenarios. In trending markets, the focus shifts to finding continuation patterns and potential exhaustion points.
Pattern Recognition and Signal Generation
Pattern recognition in EVFA Pro goes beyond simple technical patterns. The indicator looks for complex interactions between volume, price, and participant behavior. It identifies accumulation patterns - periods where institutional buyers are actively building positions, often while keeping price movements relatively subtle to avoid drawing attention. Similarly, it recognizes distribution patterns, where larger players are gradually reducing positions.
Signal generation involves a sophisticated weighing of multiple factors. Volume strength, institutional participation, trend alignment, and price momentum all play roles in determining signal strength. This multi-factor approach helps reduce false signals and provides a more reliable indication of potential market moves.
Visual Analysis Tools
The visual components of EVFA Pro have been carefully designed to present complex information in an intuitive format. The main chart overlay uses color-coded volume bars to show the relative participation of institutional and retail traders. The intensity of these colors varies with volume significance, helping traders quickly identify potentially important market activity.
The information table provides a real-time summary of market conditions, participant activity, and detected patterns. This dashboard-style display allows traders to quickly assess market conditions and potential opportunities without needing to analyze multiple indicators.
Practical Application in Trading
To use EVFA Pro effectively, traders should integrate it into a comprehensive trading strategy. The indicator works best when its signals are considered alongside other forms of analysis and risk management tools. Strong signals from EVFA Pro might suggest potential opportunities, but traders should always consider the broader market context, their own risk tolerance, and their overall trading plan.
The indicator's alerts system can help traders stay informed of potentially significant market developments. However, these alerts should be viewed as starting points for analysis rather than automatic trading signals. Each alert provides specific information about the type of pattern or condition detected, allowing traders to quickly assess whether further investigation is warranted.
Advanced Features and Customization
EVFA Pro offers extensive customization options to suit different trading styles and preferences. Traders can adjust sensitivity levels, color schemes, and display options to match their needs. The indicator also includes special considerations for different trading sessions, allowing for more accurate analysis during pre-market, regular trading hours, and after-hours periods.
Market Application and Interpretation
Success with EVFA Pro comes from understanding not just what it shows, but why it shows what it does. The indicator's patterns and signals reflect real market dynamics - the actions and reactions of different types of traders. By understanding these underlying dynamics, traders can make more informed decisions about market opportunities and risks.
Disclaimer
This indicator and documentation are provided for educational and informational purposes only. Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The analysis provided by the Enhanced Volume Flow Analysis Pro indicator should not be considered as financial advice or a recommendation to make any specific trade or investment. Users of this indicator should understand that:
1. Past performance is not indicative of future results
2. All trading decisions and their outcomes are the responsibility of the individual trader
3. This tool should be used as part of a comprehensive trading strategy that includes proper risk management and due diligence
4. Markets can be highly unpredictable, and no technical analysis tool can guarantee success
Users should carefully consider their investment objectives, level of experience, and risk appetite before using this indicator. It is strongly recommended to consult with a qualified financial advisor before making any investment decisions.
Support, Resistance & OHLCUPDATE:
This Pine Script code is an indicator for TradingView that displays support, resistance, and OHLC (Open, High, Low, Close) data across various timeframes. The code is divided into two main sections: Support/Resistance and OHLC Data.
Support and Resistance:
Logic for Support and Resistance: The indicator draws support and resistance lines after 4 consecutive candles without forming new lows (for support) or new highs (for resistance). This means that a support or resistance level is created after 4 candles that don't set new extremes.
Support: When the last 3 candles have lower lows, and the current candle forms a higher low, the support level is set.
Resistance: When the last 3 candles have higher highs, and the current candle forms a lower high, the resistance level is set.
Drawing the Lines and Labels:
Once the support or resistance level is determined, a horizontal line is drawn that extends left and right from the candle.
Additionally, labels for support and resistance are shown if the corresponding settings are enabled. These labels appear at a distance from the line and display the current support or resistance value.
Deleting the Lines:
If the price falls below the support level or rises above the resistance level, the respective line is deleted. This means that the market has breached the support or resistance level, making the line invalid.
When the support or resistance line is breached, alerts can be triggered to notify the trader.
Alerts:
The script provides options to set alerts when a support or resistance line is created or broken. These alerts notify the trader when the price reaches an important level.
OHLC Data:
The code allows the display of the high, low, close, and open values of the last candles across different timeframes (hourly, daily, weekly, monthly).
Settings:
Options are available to show these values for the respective timeframes.
The user can also adjust the size of the labels.
Visualization: The indicator plots lines for the high, low, and close values for each timeframe and places labels showing the respective values.
In summary, the indicator provides a detailed view of support and resistance levels, which are based on a 4-candle logic, and displays important OHLC values across different timeframes. The indicator also allows setting alerts for specific price levels, so traders can quickly react to market movements.
CDZV Enhanced Coppock CurveThis indicator is a part of the CDZV toolkit (backtesting and automation)
The Enhanced Coppock Curve is an upgraded version of the classic Coppock Curve indicator. It incorporates several additional features for greater flexibility and analysis capabilities. This indicator is used to analyze market trends by plotting a weighted moving average (WMA) of the sum of two Rate of Change (ROC) values.
Key Features of the Indicator:
Base Calculation of the Coppock Curve:
The Coppock Curve is calculated as a weighted moving average (WMA) of the sum of two ROC values (long and short periods).
The source for the calculation is customizable (default is close).
Added Custom Moving Average:
The indicator supports three types of moving averages:
EMA (Exponential Moving Average),
SMA (Simple Moving Average),
HMA (Hull Moving Average).
Users can choose the type and length of the moving average via input settings.
The selected moving average values are displayed in the Data Window for easier analysis.
Dynamic Coloring of the Coppock Curve:
The Coppock Curve line changes color based on its value:
Green if the value is positive,
Red if the value is negative.
The line's color is also displayed in the Data Window as a numeric value:
1 for green (positive),
-1 for red (negative).
Data Window Output:
The values of the selected moving average are displayed in the Data Window.
The Coppock Curve line's color state (1 or -1) is also shown in the Data Window.
Visual Representation:
The Coppock Curve is plotted with dynamic color coding.
The selected moving average is overlaid on the Coppock Curve for deeper trend analysis.
Usage Instructions:
Add the indicator to your chart on TradingView.
Configure the inputs:
Smoothing length for the Coppock Curve,
Long and short periods for ROC,
Type and length of the moving average.
Analyze the chart:
A green Coppock Curve line indicates a bullish trend, while a red line signals a bearish trend.
The selected moving average helps further filter and confirm signals.
Use the Data Window to view numeric values for the moving average and the Coppock Curve line color.
Applications:
This indicator is ideal for assessing trend direction and strength. The added customization options and additional data make it a versatile tool for traders, enabling them to tailor the Coppock Curve to their strategies.
Fixed RSI Overlay [lognomics]This overlay indicator provides a dynamic visualization of the RSI on the instrument price chart. It enhances the standard RSI oscillator by scaling it relative to the anchor's maximum & minimum range, conceptualizing how price reacts at standard oscillation levels.
Starting at the anchor's open, the tool collects all the RSI values from each candle within the range, and stores them inside an array corresponding to each candle index. It then pulls relative values and plots a line connecting each point accordingly to the 0-100 range scale.
While determining each maximum and/or minimum the script will plot a box from the opening time of the anchor, encapsulating the high & low of the range, to end at the next anchor time. To the right to of the box, a label is plotted which is pushed to the current time & current RSI y value within the fixed scale.
Fibonacci Candlestick - AYNETHow It Works
Inputs:
ltf_timeframe: Specify the timeframe for candlestick data (e.g., 1H, 4H).
Fibonacci Levels:
Toggle Fibonacci level visibility (show_fib_levels).
Customize Fibonacci line color (fib_color) and width (fib_width).
Candlestick Data:
Fetches open, high, low, and close prices for the specified timeframe using request.security.
Fibonacci Levels:
Calculates standard Fibonacci retracement levels (0.0, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) for each candle's high-low range.
Draws horizontal lines for each level using line.new.
Candlestick Visualization:
Plots lower timeframe candles with customizable bullish and bearish colors.
Key Features
Dynamic Fibonacci Levels:
Fibonacci levels are recalculated for each candlestick's high-low range.
Levels update dynamically with new candles.
Candlestick Overlay:
Visualizes candlestick data from the specified timeframe directly on the current chart.
Customizable Appearance:
Configure colors for Fibonacci levels, candlestick bodies, and wicks.
Use Cases
Microstructure Analysis:
Analyze individual candlesticks with their Fibonacci retracements for potential support/resistance zones.
Multi-Timeframe Trading:
Overlay candlestick and Fibonacci data from a lower timeframe onto a higher timeframe chart.
Let me know if you'd like further enhancements or explanations! 😊
Multi-Period % Change Bands (Extreme Dots)Multiple Period Percentage Change Extreme Dots
This indicator visualizes percentage changes across three different timeframes (8, 13, and 21 days), highlighting extreme movements that break out of a user-defined band. It's designed to identify which timeframe is showing the most significant percentage change when prices make notable moves.
Features:
- Tracks percentage changes for 8-day, 13-day, and 21-day periods
- Customizable upper and lower bands to define significant moves
- Shows dots only for the most extreme moves (highest above band or lowest below band)
- Color-coded for easy identification:
- Blue: 8-day changes
- Green: 13-day changes
- Red: 21-day changes
- Includes current values display for all timeframes
Usage Tips:
- Shorter timeframes (8-day) are more sensitive to price changes and should use narrower bands (e.g., ±3%)
- Medium timeframes (13-day) work well with moderate bands (e.g., ±5%)
- Longer timeframes (21-day) can use wider bands (e.g., ±8%)
- Dots appear only when a timeframe shows the most extreme move above/below bands
- Use the gray zone between bands to identify normal price action ranges
The indicator helps identify which lookback period is showing the strongest momentum in either direction, while filtering out normal market noise within the bands.
Note: This is particularly useful for:
- Identifying trend strength across different timeframes
- Spotting which duration is showing the most extreme moves
- Filtering out minor fluctuations through the band system
- Comparing relative strength of moves across different periods
Lower and Higher Timeframe Candles with Labels-AYNETHow It Works
Input Parameters:
Users define:
LTF timeframe (e.g., 5m, 15m, 1H).
Time range (e.g., 9 AM to 5 PM) for candle visibility.
Candle colors for bullish, bearish, and wick.
Data Fetching:
The script fetches LTF candle data (open, high, low, close) using request.security.
Conditional Plotting:
Candles are plotted only if the current time falls within the specified range.
Dynamic Label:
A label with the LTF name is created and updated dynamically as the chart progresses.
Use Cases
Multi-Timeframe Analysis:
Analyze LTF price action within the context of a higher timeframe chart.
Session-Specific Focus:
Limit candle visibility to specific trading hours for better insights.
This script combines LTF visualization and a dynamic label for clear and actionable multi-timeframe analysis.
STRATEGY Fibonacci Levels with High/Low Criteria - AYNET
Here is an explanation of the Fibonacci Levels Strategy with High/Low Criteria script:
Overview
This strategy combines Fibonacci retracement levels with high/low criteria to generate buy and sell signals based on price crossing specific thresholds. It utilizes higher timeframe (HTF) candlesticks and user-defined lookback periods for high/low levels.
Key Features
Higher Timeframe Integration:
The script calculates the open, high, low, and close values of the higher timeframe (HTF) candlestick.
Users can choose to calculate levels based on the current or the last HTF candle.
Fibonacci Levels:
Fibonacci retracement levels are dynamically calculated based on the HTF candlestick's range (high - low).
Users can customize the levels (0.000, 0.236, 0.382, 0.500, 0.618, 0.786, 1.000).
High/Low Lookback Criteria:
The script evaluates the highest high and lowest low over user-defined lookback periods.
These levels are plotted on the chart for visual reference.
Trade Signals:
Long Signal: Triggered when the close price crosses above both:
The lowest price criteria (lookback period).
The Fibonacci level 3 (default: 0.5).
Short Signal: Triggered when the close price crosses below both:
The highest price criteria (lookback period).
The Fibonacci level 3 (default: 0.5).
Visualization:
Plots Fibonacci levels and high/low criteria on the chart for easy interpretation.
Inputs
Higher Timeframe:
Users can select the timeframe (default: Daily) for the HTF candlestick.
Option to calculate based on the current or last HTF candle.
Lookback Periods:
lowestLookback: Number of bars for the lowest low calculation (default: 20).
highestLookback: Number of bars for the highest high calculation (default: 10).
Fibonacci Levels:
Fully customizable Fibonacci levels ranging from 0.000 to 1.000.
Visualization
Fibonacci Levels:
Plots six customizable Fibonacci levels with distinct colors and transparency.
High/Low Criteria:
Plots the highest and lowest levels based on the lookback periods as reference lines.
Trading Logic
Long Condition:
Price must close above:
The lowest price criteria (lowcriteria).
The Fibonacci level 3 (50% retracement).
Short Condition:
Price must close below:
The highest price criteria (highcriteria).
The Fibonacci level 3 (50% retracement).
Use Case
Trend Reversal Strategy:
Combines Fibonacci retracement with recent high/low criteria to identify potential reversal or breakout points.
Custom Timeframe Analysis:
Incorporates higher timeframe data for multi-timeframe trading strategies.
