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Soldiers Pattern ModifiedThis can be perceived as modified 3 soldiers, relaxed NR4 or even extended harami candlestick pattern. Works for any instrument and any timeframe. The idea is to find out any number of candles having their individual highs and lows, all within high and low range of base candle. The count of soldiers and if they must be of same color, both can be configured. Additional configurable settings is to add further check of having body of soldiers as well within body of base candle. Trading strategy: Trade high or low breakout of base candle, having other as stop loss, for a risk reward ratio of 1:2.
Stratégie Pine Script®
par SushilKothawade
W5T BITSThe B.I.T.S (Breakout Intelligent Breakout Signals) Trading Suite is for swing and day trading instruments with Volume and price action. So Cryptocurrency, Futures , Stocks and Commodities on all time frames. We are looking at squeezes in price action with increased volume . Then the proximity to our points of control, which are different EMA´s Developed through in our Cloud Signal Candles Both Long & Short Entry & Stop Loss Prices Automated Bias Indicator W5T Special Points of Control Yesterday's HLC levels and labels Automatic Risk Calculator when trading Stocks Training Bootcamp See our signature to learn more!
Indicateur Pine Script®
par xBratSoftwareSolutions
Cyatophilum Ichimoku Oscillator [ALERT SETUP]Hello, I built an oscillator based on Ichimoku trading rules. I wanted something simple to use, but powerful, with automated alerts that would help us trade breakouts and trend reversals. The indicator can be used on all timeframes and everywhere : Crypto, Forex, Index, Stocks, Futures, CFD. Basically, green bars equals bull market and red bars equals bear market. Blue and Orange bars show potential breakouts and you can setup automatic alerts for receiving an email or SMS when it happens. You can also setup alerts for new highs and new lows indicating a potential trend reversal. The narrow channel in the middle indicates consolidating periods and unsignificant trades, because we know Ichimoku performs badly in range markets. For more information on how to use it, I made a description page at the link below. Sample Use Cases : BTCUSD 4H BTCUSD 2H with New Highs/Lows on chart (blue and red circles correspond to alert conditions) BTCUSD 1H ETHUSD 2H Use divergences with price action to trade breakouts. More information on my website blockchainfiesta.com Purchase this indicator today and get access to my other Cyatophilum Indicators that will help you in your trading blockchainfiesta.com Happy trading!
Indicateur Pine Script®
par cyatophilum
16
Seismic Market Spike Detector v1.0 Seismic Market Spike Detector v1.0 This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices. This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an insight into the current volatility of the price at that time in the market. Quite often big price swings with in bars are missed as people pend to tunnel vision on the open or close price - or other indicators derived from open / close. The Red line is similar to the blue bar as it depicts extreme price movements with in the bar , but it will show the direction the market moved in by the close of the bar - and relatively how much the market moved. This is helpful for spotting breakout price action or short term spikes. Quite often after a breakout the market will restore itself to an equilibrium in the opposite direction. Sometimes this happens with an opposing aggressive spike , some times it makes a steady return to a known price level. Either way its a great time to place entry orders if you are looking to turn a fast profit or alternatively a good warning of forth coming price volatility. Here are some tips for analysing the red and blue lines : 1)If the red line is pointing upwards , this indicates a sharp rise in the price. 2)If the red line is pointing downwards , this indicates a sharp fall in the price. 3)If the red line is flat but the blue line is spiked in either direction - this indicates the price was volatile with in the bar , but the price closed relatively near to the surrounding price bars. Perhaps a limit / stop triggered by this kind of activity - this is an easy way to determine why and re-enter. 4)If the red and the blue lines are flat - the price is steadily moving with a trend or trading sideways in a confined range.
Indicateur Pine Script®
par MichaelWithersOne
3
Trend Break Target The Trend Break Target indicator helps traders identify and trade potential breakout opportunities with precision. It offers the following key benefits: Customizable Trend Anchors Allows traders to set specific start and end dates for the trendline, ensuring analysis is aligned with chosen time windows. Supports different price sources (High, Low, Close) to fit diverse trading styles. Automatic Trendline Projection Dynamically plots a trendline between selected anchor points and extends it forward, providing a clear visual guide for future price interactions. Breakout Detection Instantly detects when price breaks above or below the trendline. Plots breakout markers (▲ / ▼) directly on the chart to highlight actionable trade signals. Pivot-Based Target Calculation Uses the nearest valid pivot high/low before the breakout (or a fallback lookback if unavailable). Measures the distance between the pivot and the trendline, then projects a target price in the breakout direction. Clear Visual Targets Draws a dotted target line to show where price may reach after the breakout. Adds a connector line from breakout to target and a measurement line from pivot to trendline, improving clarity of the setup. Automatic Reset & Efficiency Resets calculations when new anchors are applied, keeping charts clean and reducing noise. Deletes old lines and labels automatically to optimize chart readability. Strategic Trade Planning Helps traders quickly identify risk-reward opportunities by visualizing breakout levels and price targets. Useful for trend continuation as well as reversal trading strategies. 👉 In short, the FTBT indicator provides a structured way to analyse trendlines, confirm breakouts, and project realistic price targets—making it a powerful tool for both discretionary and systematic traders.
Indicateur Pine Script®
par yassernoah
Momentum_EMABand📢 Reposting Notice I am reposting this script because my earlier submission was hidden due to description requirements under TradingView’s House Rules. This updated version fully explains the originality, the reason for combining these indicators, and how they work together. Follow me for future updates and refinements. 🆕 Momentum EMA Band, Rule-Based System Momentum EMA Band is not just a mashup — it is a purpose-built trading tool for intraday traders and scalpers that integrates three complementary technical concepts into a single rules-based breakout & retest framework. Originality comes from the specific sequence and interaction of these three filters: Supertrend → Sets directional bias. EMA Band breakout with retest logic → Times precise entries. ADX filter → Confirms momentum strength and avoids noise. This system is designed to filter out weak setups and false breakouts that standalone indicators often fail to avoid. 🔧 How the Indicator Works — Combined Logic 1️⃣ EMA Price Band — Dynamic Zone Visualization Plots upper & lower EMA bands (default: 9-period EMA). Green Band → Price above upper EMA = bullish momentum Red Band → Price below lower EMA = bearish pressure Yellow Band → Price within band = neutral zone Acts as a consolidation zone and breakout trigger level. 2️⃣ Supertrend Overlay — Reliable Trend Confirmation ATR-based Supertrend adapts to volatility: Green Line = Uptrend bias Red Line = Downtrend bias Ensures trades align with the prevailing trend. 3️⃣ ADX-Based No-Trade Zone — Choppy Market Filter Manual ADX calculation (default: length 14). If ADX < threshold (default: 20) and price is inside EMA Band → gray background marks low-momentum zones. 🧩 Why This Mashup Works Supertrend confirms trend direction. EMA Band breakout & retest validates the breakout’s strength. ADX ensures the market has enough trend momentum. When all align, entries are higher probability and whipsaws are reduced. 📈 Example Trade Walkthrough Scenario: 5-minute chart, ADX threshold = 20. Supertrend turns green → trend bias is bullish. Price consolidates inside the yellow EMA Band. ADX rises above 20 → trend momentum confirmed. Price closes above the green EMA Band after retesting the band as support. Entry triggered on candle close, stop below band, target based on risk-reward. Exit when Supertrend flips red or ADX momentum drops. This sequence prevents premature entries, keeps trades aligned with trend, and avoids ranging markets. 🎯 Key Features ✅ Multi-layered confirmation for precision trading ✅ Built-in no-trade zone filter ✅ Fully customizable parameters ✅ Clean visuals for quick decision-making ⚠ Disclaimer: This is Version 1. Educational purposes only. Always use with risk management.
Indicateur Pine Script®
par laraibislam
XAUMO MEGABAR Detector]XAUMO MegaBar Detector – Breakout Candle Identification Tool Purpose: The XAUMO MegaBar Detector is built to highlight rare, high-impact candles where strong price movement and high trading volume occur together. These moments often reflect aggressive market activity and can be used to confirm potential breakouts or reversals. How It Works (High-Level Overview) The tool continuously monitors two primary conditions: Price Expansion – Identifies large-bodied candles compared to recent averages. Volume Expansion – Confirms that the move is supported by above-average trading activity. When both conditions are present, the candle is marked: 🟢 Mega Bull – Strong bullish pressure. 🔴 Mega Bear – Strong bearish pressure. Key Features Automatic Timeframe Adjustment – Detection sensitivity changes based on chart timeframe, so results stay relevant from 1-minute scalps to multi-day swing setups. Clear Visual Output – Significant candles are highlighted directly on the chart for easy recognition. Optional Labels – Toggle on/off text labels (“Mega Bull” / “Mega Bear”) for a cleaner chart view. Alert Integration – Set TradingView alerts to be notified immediately when a qualifying candle appears. Universal Compatibility – Works on Forex, Commodities, Indices, Crypto, Stocks, ETFs, and Futures. Practical Uses for Traders As a confirmation tool when price approaches support/resistance or Fibonacci levels. To filter low-quality setups by focusing only on moments where both price and volume confirm the move. As part of a trend-following or breakout strategy when combined with other analysis methods. Using the Indicator Add the indicator to any chart and select your preferred timeframe. Watch for highlighted candles – they indicate significant combined momentum and liquidity. Use as a signal filter or confirmation alongside your existing trading system. Optional: Set alerts to receive push/email/webhook notifications. =================================== 📌 MEGA BAR TRADING CHEAT SHEET Spot Big Money. Ride the Move. =================================== 🧠 WHAT’S A MEGA BAR? A Mega Bar is a candle so big it makes the rest look tiny — and it often means institutions are making a move. Check the 4 Rules: ✅ Body size ≥ 2x average ✅ High relative volume (vs. last 20 bars) ✅ Closes near high (bull) or low (bear) ✅ Comes after sideways chop or price squeeze 📈 WHY IT MATTERS Mega Bars = intent, not random spikes. 🟢 Mega Bull near support/Fib pullback → Likely accumulation 🔴 Mega Bear near resistance/Fib extension → Likely distribution or trap 🔧 HOW TO TRADE IT 1. WAIT FOR IT No Mega Bar → No trade. Mega Bull (big green) → BUY bias. Mega Bear (big red) → SELL bias. 2. FIND THE SPOT Fib levels: 61.8% / 78.6% / 138.2% Major Support/Resistance 3. CONFIRM ON BIGGER TIMEFRAME Example: 15M Mega Bar → Check 1H trend direction. 4. SET YOUR LEVELS Stop-Loss: Long → Below Mega Bull low (+0.2×ATR) Short → Above Mega Bear high (+0.2×ATR) Take-Profit: Fib extensions: 127.2% / 161.8% / 261.8% Prior highs/lows 5. RISK SMART Risk 1–2% max per trade Aim for 2:1+ R:R 🌍 WORKS ON: Forex • Commodities • Stocks • Crypto • Indices THE RETAILER’S FORMULA: 🟢 Big Green → Buy 🔴 Big Red → Sell 🎯 Fibs = Payday One setup. One signal. Discipline = profit.
Indicateur Pine Script®
par ICHIMOKUontheNILE
Imbalance Scanner [Afnan]Identify the most aggressive candles on any chart—instantly or historically—and act before the crowd notices. 🔥 What It Does Four-tier detection system: 🟡 Low → 🟠 Mild → 🔴 Explosive → 💥 Super Explosive Smart filtering: Detects abnormal candle bodies and ranges that signal market imbalances Volume confirmation: Optional filter ensures moves are backed by institutional-level activity Directional control: Choose All, Bullish, or Bearish candles to match your trading bias Pine Scanner optimized: Scan entire watchlists in real-time or historically. Clean interface: Minimal emoji labels with background highlighting—no chart clutter ⚡ Quick Setup 1. Load & Configure: Add to chart and open indicator settings 2. Set Detection Level: Choose minimum imbalance strength (Low/Mild/Explosive/Super) 3. Optional Volume Filter: Enable for higher-quality signals with volume confirmation 4. Pine Scanner Setup: Set "Days Back" (0 for live scanning, >0 for historical analysis) 5. Create Alerts: Pre-built alert conditions for each explosive level 🎯 Primary Use Cases Smart Money Detection: Spot where big players are active through explosive price movements Market Inefficiencies: Find supply/demand imbalances as they develop Breakout Confirmation: Validate genuine breakouts using explosive candle analysis Identify momentum acceleration points for optimal timing 📊 Pine Scanner Ready Fully compatible with TradingView's Pine Scanner for real-time watchlist monitoring and historical analysis. 💼 Professional Edge Built by @AfnanTAjuddin for active traders who need reliable, fast imbalance detection across any market or timeframe. Perfect for day trading, swing trading, and institutional activity tracking.
Indicateur Pine Script®
par AfnanTAjuddin
4
Opening Range BreakoutOPENING RANGE BREAKOUT (ORB) INDICATOR DESCRIPTION The Opening Range Breakout indicator is a powerful technical analysis tool designed specifically for US equity markets. It identifies and visualizes the opening range established during the first configurable minutes of each trading day (starting at 9:30 AM EST), then provides clear signals when price breaks out of or rejects from these key levels. This indicator combines multiple timeframe analysis capabilities with precise breakout detection to help traders identify high-probability trading opportunities based on opening range dynamics. KEY FEATURES Configurable Opening Range: • Set opening range duration from 5 minutes to 4 hours • Automatically adjusts calculations based on your chart timeframe • Works on any timeframe (1m, 5m, 15m, 1h, etc.) Multi-Day Range Display: • Shows up to 50 days of historical opening ranges • Each day's range properly contained within its trading session • Range lines extend from market open (9:30 AM) to market close (4:00 PM EST) Clear Signal System: • Green arrows (⬆): Bullish breakouts and rejections • Red arrows (⬇): Bearish breakouts and rejections • Two signal types: Close breakouts (normal size) and wick rejections (small size) Visual Range Highlighting: • Opening range period highlighted with colored box • Customizable colors for range fill, borders, and midline • Clean, professional appearance with configurable line styles SIGNAL TYPES Bullish Signals (Green ⬆): 1. Close Breakout Above Range (Normal Size): 5-minute candle closes above the opening range high 2. Wick Rejection from Below (Small Size): Price wicks below the opening range low but closes back inside the range Bearish Signals (Red ⬇): 1. Close Breakout Below Range (Normal Size): 5-minute candle closes below the opening range low 2. Wick Rejection from Above (Small Size): Price wicks above the opening range high but closes back inside the range CONFIGURATION OPTIONS Range Settings: • Opening Range Minutes: Duration of opening range (default: 30 minutes) • Lookback Days: Number of historical days to display (default: 20 days) Visual Customization: • Range Color: Fill color for the opening range area • Border Color: Color for range high/low lines • Midline Color: Color for the range midpoint line • Opening Range Highlight Color: Color for the opening period box • Line Style: Solid, Dashed, or Dotted lines • Line Width: 1-4 pixel width options Display Options: • Show Midline: Toggle midpoint line display • Show Range Labels: Toggle price level labels • Arrow Distance: Adjust arrow positioning (0.1-2.0%) USAGE GUIDE Basic Setup: 1. Add the indicator to your chart (works best on 5-minute timeframe) 2. Configure your preferred opening range duration (15m, 30m, or 60m are popular choices) 3. Adjust lookback days based on your analysis needs 4. Customize colors and line styles to match your chart theme Trading Applications: Breakout Trading: • Long Entry: Green arrow (close breakout above range) + confirmation • Short Entry: Red arrow (close breakout below range) + confirmation • Stop Loss: Opposite side of the opening range • Target: 1-2x the range size or key support/resistance levels Range Rejection Trading: • Reversal Setups: Small arrows indicate failed breakouts • Mean Reversion: Trade back toward range midline • Support/Resistance: Use range levels as key price zones Multi-Day Analysis: • Identify recurring support/resistance levels • Analyze range expansion/contraction patterns • Compare current day's activity to recent history BEST PRACTICES 1. Timeframe Selection: 5-minute charts provide optimal signal clarity 2. Range Duration: 30-minute opening range is most commonly used, but adjust based on: - Market volatility - Stock characteristics - Trading style preference 3. Confirmation: Use additional indicators or price action for trade confirmation 4. Risk Management: Always use appropriate position sizing and stop losses MARKET SESSIONS The indicator is specifically designed for US equity markets: • Market Open: 9:30 AM EST • Market Close: 4:00 PM EST • Opening Range: Calculated from market open • Range Lines: Extend throughout the trading day only PERFORMANCE NOTES • Optimized for real-time trading with minimal lag • Automatically manages memory by cleaning old ranges • Efficiently handles multiple timeframes and range calculations KNOWN ISSUES & WORKAROUNDS Historical Buffer Error: Issue: Occasionally, you may encounter an error: "The requested historical offset (XXX) is beyond the historical buffer's limit (770)" Workaround: 1. Switch to a different timeframe temporarily 2. Switch back to your original timeframe 3. The indicator will reload and function normally This is a Pine Script limitation related to historical data access and doesn't affect the indicator's core functionality. COMPATIBILITY • Pine Script Version: v6 • Chart Types: All chart types supported • Timeframes: All timeframes (optimized for 1m-1h) • Markets: Designed for US equity markets during regular trading hours TIPS FOR MAXIMUM EFFECTIVENESS 1. Combine with Volume: High volume on breakouts increases reliability 2. Market Context: Consider overall market direction and volatility 3. News Awareness: Be cautious around earnings and major announcements 4. Range Quality: Wider ranges often provide better breakout opportunities 5. Time of Day: Early breakouts (first 1-2 hours) often have higher follow-through This indicator is provided for educational and informational purposes. Always conduct your own analysis and manage risk appropriately.
Indicateur Pine Script®
par vinitpandya
7
PivotBox by Nadeem Al-QahwiPivotBox by Nadeem Al-Qahwi General Idea of the Indicator: The PivotBox indicator is an advanced technical analysis tool designed to identify key reversal points in the market based on pivot highs and pivot lows. The indicator helps traders to detect breakout and breakdown opportunities based on past price movements, guiding informed trading decisions. Indicator Functions: Key Reversal Points (Pivot Points): The indicator identifies pivot highs and pivot lows over a user-defined period, helping traders spot significant price levels in the market. These points are plotted on the chart, showing where market reversals may occur. Breakouts and Breakdowns: The indicator identifies breakouts when the price moves above a pivot high or breakdowns when the price falls below a pivot low. Once these breakouts or breakdowns are detected, the indicator draws lines indicating the critical price levels for visual reference. Trend Levels using Zero-Lag MA: The indicator includes an option to add a Zero-Lag Moving Average (Zero-Lag MA) to display the overall trend in the market. This moving average helps filter out noise and identify the general market direction, improving trade decision-making. Line Styles: The pivot points (highs and lows) are displayed using different line styles, such as solid, dashed, or dotted lines. The user can customize the style based on their preference. These lines represent the breakouts or breakdown levels in the market. Alerts: The indicator can activate alerts when a breakout or breakdown occurs. Users can customize the alerts to notify them when specific conditions are met, ensuring that they do not miss significant price movements. Input Variables: Period (prd): The time period over which the pivot highs and lows are calculated. The user can define this period based on their trading strategy. Max Breakout Length (bo_len): The maximum time duration for a breakout or breakdown to occur. This variable helps determine the relevance of the price movement. Threshold Rate (cwidthu): The width percentage that helps to define the price area for breakouts and breakdowns. Line Style (lstyle): Allows the user to choose the style of lines used to display the pivot points (solid, dashed, or dotted). Minimum Number of Tests (mintest): The minimum number of tests required before a breakout or breakdown is considered valid. How the Indicator Works: The indicator first calculates the pivot highs and lows based on the user-defined period (Period). It then tracks price movements to detect if a breakout or breakdown occurs. When a breakout or breakdown is confirmed, the indicator draws lines at these levels and shows the user the new price direction. Alerts can be triggered based on predefined conditions such as when a breakout or breakdown occurs. The Zero-Lag MA helps the user visualize the trend, adding another layer of analysis to the market movements. Key Benefits: Accurate Reversal Point Analysis: Helps traders identify key entry and exit points based on precise technical analysis. Breakout and Breakdown Detection: Allows traders to spot breakout and breakdown opportunities in real-time. Customizable Alerts: Users can set up alerts to notify them when a breakout or breakdown happens, ensuring they don't miss important market moves. Flexible Customization: The indicator offers various options to customize the display (line styles, alerts, trendlines), catering to different trading strategies.
Indicateur Pine Script®
par nadeem_alqahwi
Session Breakouts & Trend Indicator# Session Breakouts & Trend Indicator This indicator identifies high-probability trading opportunities by tracking key intraday sessions and their breakouts while aligning them with the overall market trend direction. ## What Makes This Indicator Unique Unlike standard breakout indicators that only identify when price crosses a threshold, this indicator: - Dynamically identifies and tracks important daily sessions (default: AM 09:00-10:00 and PM 15:00-16:00) - Determines trend direction using a triple EMA system (20/50/200) - Shows when breakouts align with the overall trend (higher probability setups) - Provides visual confirmation with session ranges, breakout levels, and background highlighting - Includes a comprehensive information panel showing trend/session alignment ## How It Works The indicator tracks two important daily sessions: 1. **AM Session**: Typically the first hour of trading (default: 09:00-10:00) 2. **PM Session**: Typically the last hour of trading (default: 15:00-16:00) For each session, it: - Marks the high and low range - Establishes breakout levels above/below these ranges - Detects when price breaks beyond these levels - Determines if the breakout aligns with the prevailing trend The trend is calculated using three EMAs (20, 50, 200) for reliable trend identification. ## How To Use 1. Apply the indicator to your chart (works best on 5-minute timeframes) 2. Adjust session times to match your trading schedule if needed 3. Watch for breakouts above session highs (bullish) or below session lows (bearish) 4. Check the information panel to see if the breakout aligns with the trend 5. Enter trades in the direction of trend-aligned breakouts for higher probability setups 6. Set stop losses below the opposite side of the session range ## Settings - **Session Times**: Customize AM and PM session times - **EMA Lengths**: Adjust trend determination sensitivity - **Visualization Options**: Toggle display of sessions, breakouts, and VWAP - **Alert Settings**: Configure alerts for breakouts and trend-aligned conditions This indicator is valuable for day traders and swing traders looking for objective entry points with higher probability of success.
Indicateur Pine Script®
par patrickamp
Institutional MACD (Z-Score Edition) [VolumeVigilante]📈 Institutional MACD (Z-Score Edition) — Professional-Grade Momentum Signal This is not your average MACD . The Institutional MACD (Z-Score Edition) is a statistically enhanced momentum tool, purpose-built for serious traders and breakout hunters . By applying Z-Score normalization to the classic MACD structure, this indicator uncovers statistically significant momentum shifts , enabling cleaner reads on price extremes, trend continuation, and potential reversals. 💡 Why It Matters The classic MACD is powerful — but raw momentum values can be noisy and relative , especially on volatile assets like BTC/USD . By transforming the MACD line, signal line, and histogram into Z-scores , we anchor these signals in statistical context . This makes the Institutional MACD: ✔️ Timeframe-agnostic and asset-normalized ✔️ Ideal for spotting true breakouts , not false flags ✔️ A reliable tool for detecting momentum divergence and exhaustion 🧪 Key Features ✅ Full Z-Score normalization (MACD, Signal, Histogram) ✅ Highlighted ±Z threshold bands for overbought/oversold zones ✅ Customizable histogram coloring for visual momentum shifts ✅ Built-in alerts for zero-crosses and Z-threshold breaks ✅ Clean overlay with optional display toggles 🔁 Strategy Tip: Mean Reversion Signals with Statistical Confidence This indicator isn't just for spotting breakouts — it also shines as a mean reversion tool , thanks to its Z-Score normalization . When the Z-Score histogram crosses beyond ±2, it marks a statistically significant deviation from the mean — often signaling that momentum is overstretched and the asset may be due for a pullback or reversal . 📌 How to use it: Z > +2 → Price action is in overbought territory. Watch for exhaustion or short setups. Z < -2 → Momentum is deeply oversold. Look for reversal confirmation or long opportunities. These zones often precede snap-back moves , especially in range-bound or corrective markets . 🎯 Combine Z-Score extremes with: Candlestick confirmation Support/resistance zones Volume or price divergence Other mean reversion tools (e.g., RSI, Bollinger Bands) Unlike the raw MACD, this version delivers statistical thresholds , not guesswork — helping traders make decisions rooted in probability, not emotion. 📢 Trade Smart. Trade Vigilantly. Published by VolumeVigilante
Indicateur Pine Script®
par VolumeVigilante
12
BIX Candle MarkerBIX Candle Marker (by Bogdan Ilie) "BIX Candle Marker" is a visual indicator designed to automatically mark the High and Low levels of specific candles at user-defined times and sessions directly on the main chart, facilitating easy intraday analysis. **How does it work?** - The indicator automatically fetches the High and Low values from a user-specified timeframe and draws horizontal lines at these levels at precise user-defined session times. - You can configure up to 4 different sessions per trading day, each with its own customizable color and timing. - Marked levels are automatically reset at the start of each new trading day. **Customizable Settings:** - **Timezone Offset:** Adjust the indicator according to your chart's timezone. - **Candle Time Frame:** Choose the timeframe from which the candle data will be extracted. - **Marker Length:** Set the length (number of bars) of the displayed horizontal lines. - **Line Thickness & Style:** Customize the thickness and style of the lines (solid, dotted, dashed). - **Sessions (1-4):** Independently configure the hour, minute, and color for each of the four possible sessions. **Suggested Use:** - Quickly identify intraday support and resistance levels based on key session candles. - Ideal for breakout and reversal-based trading strategies. --- **Disclaimer:** This indicator is intended solely for chart analysis and educational purposes. It does not constitute financial advice. Always use it in conjunction with your personal trading strategy and risk management practices. Author: Bogdan Ilie Pine Script Version: v6 License: Mozilla Public License 2.0 --- BIX Candle Marker (by Bogdan Ilie) "BIX Candle Marker" este un indicator vizual care marchează automat nivelurile High și Low ale lumânărilor specifice din sesiuni predefinite pe graficul principal, facilitând analiza punctelor-cheie intraday. **Cum funcționează?** - Indicatorul preia automat nivelurile maxime și minime dintr-un timeframe personalizabil și afișează linii orizontale pentru aceste nivele exact la orele și minutele configurate. - Permite definirea a până la 4 sesiuni diferite într-o zi, fiecare având culori și setări proprii. - Liniile marcate se resetează automat la începutul fiecărei zile de tranzacționare. **Setări personalizabile:** - **Timezone Offset:** ajustează indicatorul în funcție de fusul orar al graficului. - **Candle Time Frame:** selectează timeframe-ul din care se vor prelua datele. - **Marker Length:** stabilește lungimea (numărul de bare) liniilor orizontale afișate. - **Line Thickness & Style:** grosimea și stilul liniilor pot fi personalizate (solid, punctat, întrerupt). - **Sesiuni (1-4):** ora, minutul și culoarea fiecărei sesiuni pot fi configurate independent. **Sugestii de utilizare:** - Folosește indicatorul pentru a identifica rapid zonele de suport și rezistență create de lumânări-cheie pe parcursul zilei. - Poate fi util pentru strategii bazate pe breakout sau reversal. --- **Disclaimer:** Acest indicator este destinat exclusiv analizei grafice și nu reprezintă sfaturi financiare. Utilizează-l împreună cu propriile strategii și tehnici de gestionare a riscului. Autor: Bogdan Ilie Versiune Pine Script: v6 Licență: Mozilla Public License 2.0
Indicateur Pine Script®
par bogdanilie
PumpC Opening Range Breakout (ORB) Stretch RangePumpC ORB Stretch The PumpC ORB Stretch is a volatility-based indicator that helps traders identify potential breakout zones by analyzing how price typically behaves around the open. This tool is inspired by concepts introduced by Toby Crabel in his well-known book “Day Trading with Short-Term Price Patterns and Opening Range Breakout.” Rather than predicting market direction, this indicator highlights areas where price is likely to expand based on recent volatility. It is designed for traders who prefer dynamic, data-driven breakout levels over static support and resistance zones. What Is the "Stretch"? In Toby Crabel’s framework, the Stretch is the average of the smaller of two price moves: The distance from the open to the high of the bar The distance from the open to the low of the bar This smaller value captures the “quiet side” of the candle and reflects recent price compression. Averaged over multiple periods (commonly 10 daily bars), it creates a baseline to assess how far price may move away from the open under typical market conditions. How the Indicator Works The PumpC ORB Stretch follows this process: Uses a higher timeframe (such as daily) to calculate the open, high, and low. For each bar, measures the smaller of the two distances: open to high or open to low. Applies a moving average to the result over a user-defined number of bars (default is 10). Multiplies the average stretch by customizable levels (e.g., 0.382, 1.0, 2.0). Plots breakout levels above and below the open of the selected timeframe. The result is a set of adaptive levels that expand or contract with market volatility. Customization Options Stretch Timeframe: Choose the timeframe used for stretch calculation (default: Daily). Stretch Length: Set the number of bars to include in the moving average. Breakout Levels: Enable or disable individual levels and define multipliers. Color Settings: Customize colors for each range level for easy visual distinction. Plot Style: Circular markers are used to reduce chart clutter and improve readability. How to Use It Use plotted levels to anticipate possible breakouts from the open. Adjust stretch length to reflect short-term or longer-term volatility trends. Combine this tool with momentum indicators, volume, or price action for confirmation. Use levels to help guide stop placement or profit targets in breakout strategies. Important Notes This script is based on an interpretation of Crabel’s concepts and is not affiliated with Crabel Capital or the original author. The indicator does not predict direction; it is a tool for context and structure. It is recommended that users test and validate this tool in a simulated environment before applying it to live trading. This indicator is intended for educational purposes only. Licensing and Attribution This script is built entirely in Pine Script v5 and follows TradingView’s open-source standards. It does not include any third-party or proprietary code. If you modify or share it, please credit the original idea and follow all TradingView script publishing rules.
Indicateur Pine Script®
par PumpCTrader
2
Advanced Support & Resistance [Alpha Extract]🔶 AE - Advanced Support & Resistance A sophisticated yet user-friendly tool designed to enhance your trading analysis by accurately identifying and plotting key support and resistance levels. Built on a unique pivot-based detection algorithm, this indicator provides clear visual cues in real time, helping traders stay ahead of potential market reversals and breakouts. 🔶 Pivot-Based Detection Leverages pivot highs and lows along with a configurable threshold to filter out overlapping levels. This method helps the script stand out from simpler support/resistance indicators by focusing on the most significant price zones. 🔶 Multi-Timeframe Analysis Pulls higher-timeframe data to ensure that critical levels remain visible and properly scaled, regardless of your current chart view. This prevents distortion and offers a more comprehensive perspective of market structure. 🔶 Break Signal Alerts Generates breakout or breakdown signals whenever the price crosses above or below a detected level—labeled as RB (Resistance Break) or SB (Support Break)—so traders can quickly spot shifts in momentum or trend. 🔶 Customizable Parameters Fine-tune sensitivity and appearance—adjust pivot bar settings, lookback periods, thresholds, and the maximum number of plotted levels to match your trading style and preferences. // === USER INPUTS === pivotLeft = input.int(15, "Left Pivot Bars", minval=1) pivotRight = input.int(15, "Right Pivot Bars", minval=1) lookback = input.int(200, "Lookback Period", minval=50) threshold = input.float(0.2, "Price Threshold %", minval=0.1, step=0.1) maxLevels = input.int(10, "Maximum Levels", minval=1) 📊How It Works 🔶 Identifying Pivots The script scans for pivot highs and lows within a user-defined range of bars (Left Pivot Bars and Right Pivot Bars). Each pivot is evaluated against a proximity threshold, ensuring that similar nearby levels are combined into a single zone rather than cluttering the chart. // === SUPPORT & RESISTANCE DETECTION === ph = ta.pivothigh(high, pivotLeft, pivotRight) pl = ta.pivotlow(low, pivotLeft, pivotRight) 🔶Automatic Updates & Removal Levels that remain untested or break too frequently are automatically removed based on the configured lookback period, keeping your chart focused on the most relevant support/resistance zones. 🔶Fixed Scaling Through the use of higher-timeframe anchoring, the indicator maintains consistent plot lines that won’t distort when you zoom in or out. This approach ensures you always see crucial levels clearly. 🔶Entry and Exit Points Pinpoint potential entry and exit opportunities based on how price interacts with these zones. 🔶Risk Management Place stop-loss and take-profit orders around these levels to manage trade risk more effectively. 🔶Trend Confirmation Observe how price respects or breaks levels to confirm ongoing trends or detect early signs of reversal. 🔶Sensitivity Adjustment Control pivot bar width (pivotLeft and pivotRight) and the proximity threshold to focus on major or minor price zones. 🔶Visualization Options Adjust line colors, styles, and thickness to align with your charting preferences. 🔶Maximum Levels Limit the number of displayed levels to keep your chart clean and free of unnecessary clutter.
Indicateur Pine Script®
par AlphaExtract
2
SSL Channel MTFSSL Channel with MTF support, This eliminates the noise of a basic SSL Channel script which is based on ErwinBeckers SSL Channel. So i have used a Multi Time Frame approach to have a clear confirmation of trend and reduce Noise and False signals unlike basic SSL Channel. This script can be used to determine. Support/Resistance High/Low Breakout Trend Direction MA candles for Entry The high and low sma are plotted as SSL CHANNEL when ever the high and low sma cross each other a direction change is observed. The direction of SSL channel determines the trend of the price. The length of the channel can be changed as required a low value has a high noise and direction can be determined with low accuracy. Increasing the length of SSL channel has high accuracy trend confirmation. The MTF SSL Channel uses plot from higher timeframe this helps in using SSL Channel as a Price Action Tool. Price when ever crosses over or below the channel determines a breakout. Price tries to move between the High SMA line and Low SMA Line of the SSL Channel rejection, breakouts can be easily observed on a lower timeframe using SSL Channel Plot from a higher timeframe. I have used 5min/15min chart with MTF SSL from a 1Hr/4Hr and a length of 5 instead of 10. This helps quick direction changes over a period of 1hr to 4hr. Price is trapped within the High SMA and Low SMA lines of SSL Channel. In addition to SSL High Low and average mid line is plotted to additional reference. Buy Sell Signals are plotted based on crossover of SMA High and Low. Candle are Plotted Using a SMA with length of 5. This Candle Plot can be used to make an entry based on direction confirmation of SSL. keep in mind the direction of SSL Plot and the candle must be same. Preferably Entry can made above or below the midline of SSL Channel. The Candle Plot eliminates the Noise of traditional Japanese Candlesticks. Additionally MACD Crossover and MACD Trend line confirmations can be used to confirm a Buy Sell and Entry signals Alerts are also plotted accordingly.
Indicateur Pine Script®
par traderharikrishna
9
ORB with ATR Trailing SL [Bluechip Algos]This is a simple ORB (Opening Range Breakout) Indicator that not only signals breakout directions based on the opening session range but also includes trailing stop levels to manage ongoing trades. Instead of regular fixed Stop loss, we use ATR indicator (ATR based SL) to trail the stop loss that might help in maximizing the profitable trades. This helps especially during the trending days where market moves unidirectionally. About the Indicator Opening Range Identification: The indicator defines an initial session timeframe and captures the highest and lowest prices during this period. Breakout Signals: It signals potential entry points when the price crosses these range boundaries. Trailing Stop Calculation: Customizable trailing stop-loss based on ATR percentage, helping users lock in profits. Features Session Customization: User-defined session for setting the opening range. Entry Signal Customization: Allows configuration for breakouts on either a closing basis or upon touching the level. Automatic Stop-Loss Adjustments: Dynamic trailing stop levels that adapt to both long and short entries. Visual Display: Highlights breakout levels and plots lines representing stop-loss levels. Understanding the Indicator Range Calculation: After defining the session, the high and low of the session are locked. The high serves as the upper breakout boundary, and the low as the lower boundary. Signals (Buy and Sell): The indicator uses crossover conditions: Buy Signal ("B") when price crosses above the ORB high. Sell Signal ("S") when price crosses below the ORB low. Trail Stop Calculation: When a signal is triggered, a trailing stop level is set and updates as the trade progresses: Long positions have a stop-loss based on a percentage below the last closing price. Short positions have a stop-loss based on a percentage above the last closing price. Input Parameters Session Time (ORB Session Time): Start and end times for setting the ORB range. Signal Configuration: Choice between "CLOSE" (signal on close) or "TOUCH" (signal as soon as level is touched). ATR Percentage: Sets the percentage for the trailing stop calculation.
Indicateur Pine Script®
par BlueChip_Algos
1
Low Volatility Range Breaks [BigBeluga]Low Volatility Range Breaks The Low Volatility Range Breaks indicator is an advanced technical analysis tool designed to identify periods of low volatility and potential breakout opportunities. By visualizing low volatility ranges as ranges and tracking subsequent price movements, this indicator helps traders spot potential high-probability trade setups. 🔵 KEY FEATURES ● Low Volatility Detection Identifies periods of low volatility based on highest and lowest periods and user-defined sensitivity Uses a combination of highest/lowest price calculations and ATR for dynamic adaptation ● Volatility Box Visualization Creates a box to represent the low volatility range Box height is adjustable based on ATR multiplier Includes a mid-line for reference within the box ● Breakout Detection Identifies when price breaks above or below the volatility box Labels breakouts as "Break Up" or "Break Dn" on the chart Changes box appearance to indicate a completed breakout ● Probability Tracking Counts the number of closes above and below the box's mid-line Displays probability counters for potential upward and downward moves Resets counters after a confirmed breakout 🔵 HOW TO USE ● Identifying Low Volatility Periods Watch for the formation of volatility boxes on the chart These boxes represent periods where price movement has been confined ● Anticipating Breakouts Monitor price action as it approaches the edges of the volatility box Use the probability counters to gauge the likely direction of the breakout ● Trading Breakouts Consider posible entering trades when price breaks above or below the volatility box Use the breakout labels ("Break Up" or "Break Dn") as a trading opportunity ● Managing Risk Use the opposite side of the volatility box as a potential invalidation level Consider the box height for position sizing and risk management ● Trend Analysis Multiple upward breakouts may indicate a developing uptrend Multiple downward breakouts may suggest a forming downtrend Use in conjunction with other trend indicators for confirmation 🔵 CUSTOMIZATION The Low Volatility Box Breaks indicator offers several customization options: Adjust the volatility length to change the period for highest/lowest price calculations Modify the volatility level to fine-tune the sensitivity of low volatility detection Adjust the box height multiplier to change the size of volatility boxes By fine-tuning these settings, traders can adapt the indicator to various market conditions and personal trading strategies. The Low Volatility Range Breaks indicator provides a unique approach to identifying potential breakout opportunities following periods of consolidation. By visually representing low volatility periods and tracking subsequent price movements, it offers traders a powerful tool for spotting high-probability trade setups. This indicator can be particularly useful for traders focusing on breakout strategies, mean reversion tactics, or those looking to enter trades at the beginning of new trends. The combination of visual cues (boxes and breakout labels) and quantitative data (probability counters) provides a comprehensive view of market dynamics during and after low volatility periods. As with all technical indicators, it's recommended to use the Low Volatility Range Breaks indicator in conjunction with other forms of analysis and within the context of a well-defined trading strategy. While this indicator can provide valuable insights into potential breakouts, it should be considered alongside other factors such as overall market trends, volume, and fundamental analysis when making trading decisions.
Indicateur Pine Script®
par BigBeluga
4
[Support and Resistance with Trend Lines] with Backtest (TSO) with Backtest (TSO) =========================================================================== =========================================================================== This indicator serves as a comprehensive full-cycle trading system, providing alerts at each stage of the trade, from opening to closure. The algorithm uses most recent and historical S&R (Support and Resistance) levels with most recent and historical Trend Lines, generating signals for trades when Breaks/Bounces occur (Trade Open Signal triggers can be configured via very customizable indicator Input "Signal Trigger Matrix" settings). With signal for trade open, TP (Take Profit and SL (Stop Loss) levels are calculated as well and marked on the chart including alerts for each action of the trade. The indicator offers a variety of automated approaches for TP (Take-Profit) and SL (Stop-Loss) settings. These include static current/historical S&R (Support and Resistance) levels or S&R/Trend Lines dynamic breaks for TP (Take-Profit) and various SL (Stop-Loss) approaches, including ATR Trailing SL, opposite S&R (Support and Resistance) levels SL, opposite Trend Lines SL and more. This diverse set of tools ensure flexibility in tailoring TP (Take-Profit) and SL (Stop-Loss) parameters to different market conditions, contributing to a more adaptive and robust trading system. Additionally, a series of signal analysis tools, including market sentiment, candle bar analysis, divergence, and volume, enhance the precision of trading signals. * Works with popular timeframes: 1M, 3M, 5M, 15M, 30M, 45M, 1H. * Works well with Futures and Indices, can be used to trade Stocks, Crypto and FOREX. * Includes LIVE alert/labels Breakouts and Bounces signal trigger feature, which can be used for scalping (NOTE: This approach cannot be backtested). * Every action of the trade is calculated on a confirmed closed candle bar state (barstate.isconfirmed), so the indicator will never repaint. ============================================================== Indicator examples: --------------------------------------------------------------------------- Strategy Config: SRTL_MES_15M3Y_EODoff_ALL Here is a nice example of MES (Micro E-Mini S&P 500 Index Futures) configuration, which uses S&R (Support and Resistance) breakouts as signal trigger with Elliot Wave confirmation and previous S&R historical levels for TP (Take-Profit). --------------------------------------------------------------------------- An example of an intraday Tesla trade. Also the green arrows will be displayed IMMEDIATELY when Breakout/Reverse Bounce occurs (same an Alert will be triggered immediately). =========================================================================== Trading open/close/TP/SL labels, plots and colors explanations: --------------------------------------------------------------------------- >>> S&R (Support and Resistance) levels/lines: orange - support, blue - resistance (can be hidden). >>> Trend Lines: yellow - support, green - resistance (can be hidden). >>> Blue labels show resistance breakouts and bounces, light-blue - bullish, dark-blue - bearish >>> Yellow labels show resistance breakouts and bounces, light-yellow - bullish, dark-yellow - bearish >>> Green/Red arrows on top/bottom of candle bar will show LIVE breakouts (if turned on) >>>>> LONG open: green "house" looking arrow below candle bar. >>>>> SHORT open: red "house" looking arrow above candle bar. >>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles). >>>>> LONG/SHORT stop-loss target: green/red + crosses. >>>>> LONG/SHORT take-profit hits: green/red diamonds. >>>>> LONG/SHORT stop-loss hits: green/red X-crosses. >>>>> LONG/SHORT EOD (End of Day | Intraday style) close (profitable trade): green/red squares. >>>>> LONG/SHORT EOD (End of Day | Intraday style) close (loss trade): green/red PLUS(+)-crosses. =========================================================================== STATS TABLE /////////////////////////////////////////////////////////////// --------------------------------------------------------------------------- >>> Trading STATS table on the chart showing current trade direction, Last TP (Take-Profit) Taken, Current Trade PL (profit/loss in price difference from trade open to the very current state). --------------------------------------------------------------------------- CUSTOM TRADING DATE RANGE ///////////////////////////////////////////////// --------------------------------------------------------------------------- >>>>> This feature can be used to manually set indicator trading range from and to a specific date and time. NOTE: This is not intended for a very long date range backtesting, utilize TradingView Strategy Tester for that. * Use TradingView “Strategy Tester” to see Backtesting results NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case - manually check “Start”/“End” dates or use “Deep Backtesting” feature! --------------------------------------------------------------------------- INTRADAY ACTIVE TRADING SESSION CONFIGURATION ///////////////////////////// --------------------------------------------------------------------------- >>> Regional Active Trading Session Hours Schedule: If selected - trades will only open during regional active trading session, if 'OFF', there will be no trading schedule and trades will open 24/7. >>> EOD(End of Day) Close - On/Off: Close the trade if it's still open at the end of active trading session (on the very last candle bar). NOTE: If no region is selected at 'Regional Active Trading Session Schedule' - there will be no EOD(End of Day) Close and trades will run overnight until either SL(Stop-Loss) or TP(Take-Profit) is hit! >>>>> EOD(End of Day) Close - 1 candle bar before last: This is specifically for stocks as while usually indices can be closed 15minutes after the market closes, for stocks - the last candle bar closes at the same time with the market active trading session, which if closed - trades can't be closed until next day/session! Enable this setting for the trade to close/alert 1 candle bar before the last one, so there is still time to close the trade at the Broker (NOTE: depending on the timeframe, 1 candle bar can be: 15sec, 30sec, 1min, 3min, 5min, 15min, 30min, 45min, 1h). --------------------------------------------------------------------------- SIGNAL TRIGGER MATRIX //////////////////////////////////////////////// --------------------------------------------------------------------------- >>> Trading Engine: This setting turns on TradingView Strategy trading engine for backtesting. >>> Market Session Only: With this setting turned on, all signal trigger Breaks/Bounces will be hidden during Pre/Post market time. >>> Plot S&R Levels/Lines: Plot S&R (Support and Resistance) on chart. Note: historical levels/lines will only be plotted if hit (Break/Bounce). >>> Plot Trend Lines Levels/Lines: Plot Trend Lines levels/lines on chart. Note: historical levels/lines will only be plotted if hit (Break/Bounce). >>> Use S&R Current Levels | Use S&R Historical Levels | Use Trend Lines Current Levels | Use Trend Lines Historical Levels |: Choose which levels should be used for Breaks/Bounces to be captured on. If all triggers are turned on/checked - whatever happens 1st wins the trigger. >>> Breaks | Bounces: 'Breaks': Turn on Breaks through levels/lines signal trigger. | 'Bounces': Turn on Bounces off levels/lines signal trigger. >>> Signal: Regular | Signal: S&R Combo | Signal: TL Combo | Signal: S&R + TL Combo | Signal: Repeat Action |: Trade open signal trigger execution approach MATRIX (If 1 or more turned on at the same time - whatever comes first will be the trade signal trigger). 'Regular': A single Break/Bounce must occur on a closed bar for signal trigger. 'S&R Combo': A combination of 2 Current + Historical S&R (Support and Resistance) Break/Bounce must happen in the same direction on same bar for signal trigger. 'TL Combo': A combination of 2 Current + Historical Trend Lines Break/Bounce must happen in the same direction on same bar for signal trigger. 'S&R + TL Combo': a combination of ANY S&R and Trend Line Break/Bounce must happen in the same direction on same bar for signal trigger. 'Repeat Action': Initial and then confirmation (2nd/3rd/etc. consecutive occurence) Break/Bounce must occur on same level/line for signal trigger. >>> Historical - Look Back (# of days): How far back (in # of days) will historical S&R/Trend Lines will be used for Trade Open signals/TP/SL/etc. >>> Historical - Look Back Invalidation (# of days): IF THERE IS TOO MUCH HISTORICAL LEVELS/LINES ON CHART - LOWER THIS SETTING + MAKE SURE IT'S SMALLER THAN 'Historical - Look Back (# of days)'. With big Look back period (5+ days) - it can become very messy with too many historical levels/lines. To clear oldest historical levels/lines - set Look Back Invalidation # of days to less than Historical Look Back # of days. (After X # of Look Back Invalidation days - older levels/lines will become invalidated and no longer used for opening trades/TP (Take-Profit)/SL (Stop-Loss), while newer levels/lines will still be discovered. >>> S&R/Trend Lines - Support/Resistance combined into 1 entity: Every level or a line becomes simply a level or a line, regardless if it originally was a support or resistance. By default, depending on the level/line originally being support or resistance - the signal direction will be such as: Resistance is broken > LONG / bounced > SHORT; Support is broken > SHORT / bounced > LONG; with this setting on, either level or line can be both broken or bounced off in ANY direction, trade open direction will depend on current market sentiment only. --------------------------------------------------------------------------- S&R CONFIGURATION //////////////////////////////////////////////// --------------------------------------------------------------------------- >>> S&R Search - Left Bars (current): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with below - Right Bars). >>> S&R Search - Right Bars (current): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with above - Left Bars). >>> S&R Search - Custom Resolution (current): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action. >>> S&R Search - Left Bars (historical): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with below - Right Bars). >>> S&R Search - Right Bars (historical): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with above - Left Bars). >>> S&R Search - Custom Resolution (historical): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action. >>> S&R - Historical S&R Levels - Extend to the right: Extend all S&R lines to the right. >>> S&R (Current/Historical) - Live Breakout/Bounce - ALERT/SHOW: NOTE: Alert wlil trigger immediately at price Breaking thru or Bouncing off level/line and an arrow above /below the bar will show the direction of breakout/bounce. If on that same live bar - price comes back causing the Breakout/Bounce become no longer valid - the arrow will disappear as the condition of the Break/Bounce will no longer be valid. --------------------------------------------------------------------------- TREND LINES CONFIGURATION //////////////////////////////////////////////// --------------------------------------------------------------------------- >>> Show: Trend Line development (where it 'did not exist' yet): It takes 2 pivots to develop a trend line, pivot is established at least 3 candle bars later from where the pivot is. With this setting turned on - it will plot dashed lines where trend lines originated connecting the 1st and 2nd pivot point up to where the trend line became established (where in reality you would now be able to draw a certain trend line). Established already generated trend line are plotted with a solid line. >>> Trend Lines - Line Slope Confirmation: LONG breakout will only be shown if trend line is goind downslope \. SHORT breakout will only be shown if trend line is goind upslope /. >>> Trend Lines - Search - Left Bars (current): This setting is for calculating optimal Trend Lines. >>> Trend Lines - Search - Right Bars (current): This setting is for calculating optimal Trend Lines. >>> Trend Lines - Custom Resolution (current): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action. >>> Trend Lines - Search - Left Bars (historical): This setting is for calculating optimal Trend Lines. >>> Trend Lines - Search - Right Bars (historical): This setting is for calculating optimal Trend Lines. >>> Trend Lines - Custom Resolution (historical): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action. >>> Trend Lines - Historical Trend Lines - Extend to the right: Extend all Trend Lines to the right. >>> Trend Lines (Current/Historical) - Live Breakout/Bounce - ALERT/SHOW: NOTE: Alert will trigger immediately at price Breaking thru or Bouncing off level/line and an arrow above /below the bar will show the direction of breakout/bounce. If on that same live bar - price comes back causing the Breakout/Bounce become no longer valid - the arrow will disappear as the condition of the Break/Bounce will no longer be valid. --------------------------------------------------------------------------- TAKE-PROFIT/STOP-LOSS CONFIGURATION /////////////////////////////////////// --------------------------------------------------------------------------- >>> TP (Take-Profit) System: 'S&R Static Current/Historical': TP (Take-Profit) is calculated using current/historical S&R (Support & Resistance) levels at trade open and remains static. 'S&R/Trend Lines Dynamic Breaks': TP (Take-Profit) is fully dynamic and will be trigger at price above trade open price and with Breakout occurence (S&R or Trend Line current/historical breakout). >>> TP (Take-Profit) # of targets: It is wise to divide the trade into several profit targets. With this setting - up to 5 TP (Take-Profit) targets can be approached. The trade will be equally divided up by the selected # of TP (Take-Profit) targets. >>> SL (Stop-Loss) System: 'ATR-Trailing-SL': SL (Stop-Loss) is trail-following the ATR (Average True Range) line, NOTE: If at signal trigger, ATR will be against the trade direction - trade open signal will be skipped; 'S&R-Static-SL': SL (Stop-Loss) is set at trade open per optimal most recent S&R level and remains there until trade closes; 'TrendLines-Static-SL': SL (Stop-Loss) is set at trade open per optimal most recent trend line and remains there until trade closes; 'TrendLines-Dynamic-SL': SL (Stop-Loss) will be set per current opposite trend line and follow it until trade is open.; 'Oppos-Sig-Trd-in-Loss': SL (Stop-Loss) will trigger at opposite signal with trade currently at loss. >>> SL (Stop-Loss) - On/Off: Without SL (Stop-Loss), unless EOD (End of Day) Close is turned on - there will be no SL (Stop-Loss) at all! --------------------------------------------------------------------------- MARKET SENTIMENT CONFIRMATION /////////////////////////////////////// --------------------------------------------------------------------------- >>> Market Sentiment: Signal is confirmed per Market Sentiment direction. If Market Sentiment is turned off - whatever signal comes 1st will be the trade open trigger. --------------------------------------------------------------------------- SIGNAL ANALYSIS AND CLEANUP /////////////////////////////////////////////// --------------------------------------------------------------------------- >>> Signal Cleanup - Bar Color: Include Bar Color (bullish/bearish) confirmation, LONG signal will only be opened if signal bar is green/bullish, SHORT if red/bearish. >>> Signal Cleanup - Bar Directional Structure: Skip opposite bar structure types signals (For example: bearish green hammer). >>> Signal Cleanup - Bar Doji Skip: Skip doji (indecisive) candles signals. >>> Signal Cleanup - EWO (Elliott Wave Oscillator): Include EWO (Elliott Wave Oscillator), LONG will only be opened if EWO is bullish / SHORT if EWO is bearish. >>> Signal Cleanup - VWAP (Volume-Weighted Average Price): Include VWAP (Volume-Weighted Average Price), LONG will only be opened if price is above VWAP / SHORT if price is below VWAP. >>> Signal Cleanup - MA (Moving Average) Confirmation: Include MA (Moving Average), LONG will only be opened if MA is bullish / SHORT if MA is bearish. >>> Signal Cleanup - ATR (Average True Range): Include ATR (Average True Range) confirmation, LONG will only be opened if ATR is bullish / SHORT if ATR is bearish. >>> Signal Cleanup - Divergence(RSI + MACD): Include Divergence (RSI + MACD ) confirmation, LONG will only be opened if Divergence is bullish / SHORT if Divergence is bearish. >>> Signal Cleanup - Volume % Strength: Include Volume strength/percentage confirmation, LONG/SHORT will only be opened with strong Volume matching the signal direction | By default, strong Volume percentage is set to 150% and weak to 50%. >>> Signal Cleanup - Volume Above Average: Include Volume Above Moving Average (Volume closing bar closes above volume moving average) confirmation, LONG/SHORT will only be opened with Volume above average - Volume closed bar color must match the closed price color (bullish/bearish direction) + Volume bar must be closed above volume MA line). --------------------------------------------------------------------------- =========================================================================== ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| TP System - VERY IMPORTANT INFO! ------------------------------------------------------------------------------------------------------------------- "TP PERCENTAGE" - amount by which current trade/position needs to be reduced/partially closed/sold. ------------------------------------------------------------------------------------------------------------------- TP System: Dynamic "TP PERCENTAGE" - will always be the same amount (trade/position size divided by the # of take-profit(TP) targets) and percentage to be closed will always be of the ORIGINAL trade/position. ------------------------------------------------------------------------------------------------------------------- TP System: Static "TP PERCENTAGE" - will always be the same amount IF take-profit(TP) targets are hit 1-by-1 (TP1 > TP2 > TP3 > TP4 > TP5), otherwise it will vary and unless it is a 1st take-profit(TP1), the REMAINING trade/position size will always be smaller than original and therefore the percentage to be closed will always be of the REMAINING trade/position and NOT the original one! ------------------------------------------------------------------------------------------------------------------- "TP PERCENTAGE" CheatSheet (these are the only percentages you may see) ----------------------------------------------------------------------- TP PERCENTAGE---Close/Sell Amount-------------Example (trade size: 50 stocks) 20%-------------trade size * 0.2--------------50 * 0.2 = 10 stocks 25%-------------trade size * 0.25-------------50 * 0.25 = 12.5(~13) stocks 34%-------------trade size * 0.34-------------50 * 0.34 = 17 stocks 40%-------------trade size * 0.4--------------50 * 0.4 = 20 stocks 50%-------------trade size * 0.5--------------50 * 0.5 = 25 stocks 60%-------------trade size * 0.6--------------50 * 0.6 = 30 stocks 66%-------------trade size * 0.66-------------50 * 0.66 = 33 stocks 75%-------------trade size * 0.75-------------50 * 0.75 = 37.5(~38) stocks 80%-------------trade size * 0.8--------------50 * 0.8 = 40 stocks 100%------------trade size--------------------50 = 50 stocks ----------------------------------------------------------------------- If for any reason a portion of the current/remaining trade closed at such occurrence was slightly wrong, it is not an issue. Such occurrences are rare and with slight difference in partial TP closed is not significant to overall performance of our algorithms. ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| =========================================================================== Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot) --------------------------------------------------------------------------- Here is how a LONG OPEN alert looks like. NOTE: Each label , , etc. is customizable, you can change the text of it within indicator Input settings. ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> COIN: BTCUSD TIMEFRAME: 15M LONG: OPEN ENTRY: 20000 TP1: 20500 TP2: 21000 TP3: 21500 TP4: 22500 TP5: 23500 SL: 19000 Leverage: 0 --------------------------------------------------------------------------- Here is how a TP1 alert will look with 5 TPs breakdown of the trade. NOTE1: Next to TP1 taken it will show at which price it was triggered. NOTE2: Next to "TP Percentage" it shows how much of the CURRENT/ACTIVE/REMAINING trade needs to be closed. NOTE2: If TP2/3/4/5 comes before TP1 - the alert will tell you exactly how many percent of the trade needs to be closed! ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> COIN: BTCUSD TIMEFRAME: 15M LONG: TP1 TP1: 20500 TP Percentage: 20% --------------------------------------------------------------------------- Here is how an alert will look for LONG - STOP-LOSS. ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> COIN: BTCUSD TIMEFRAME: 15M ENTRY: 20000 LONG: SL SL: 19000 --------------------------------------------------------------------------- Here is how an alert will look for LONG - EOD (End of Day) In Profit close. ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> COIN: BTCUSD TIMEFRAME: 15M LONG: EOD-Close (profit) ENTRY: 20000 EOD-Close: 21900 =========================================================================== Adding Alerts in TradngView --------------------------------------------------------------------------- -Add indicator to chart and make sure the correct strategy is configured (check Backtesting results) -Right-click anywhere on the TradingView chart -Click on Add alert -Condition: Select this indicator by it’s name -Immediately below, change it to "alert() function calls only", as other wise there will be 2 alerts for every alert! -Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered) -Alert name: Whatever you desire -Hit “Create” -Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings! =========================================================================== Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!) --------------------------------------------------------------------------- NOTE: There seems to be a strange glitch when strategy is running live, it will show "double-take" take-profits labels on the chart. This is not affecting the script logic and backtesting results, if you simply change the timeframe real quick to something else then back - it will no longer show the duplicate orders... this must be some sort of a glitch as every alert was thoroughly tested to make sure everything is working!
Stratégie Pine Script®
par tso_trade
2
TrendLine ScythesTrendline Scythes is a script designed to automatically detect and draw special curved trendlines, resembling scythes or blades, based on pivotal points in price action. These trendlines adapt to the volatility of the market, providing a unique perspective on trend dynamics. 🔲 Methodology Traditional trendlines connect consecutive pivot points on a price chart, providing a linear representation of trend direction. However, this script employs a distinctive methodology by automatically detecting price pivots and then calculating special curved trendlines based on the Average True Range (ATR) of the price. This introduces a curvature to the trendlines, resembling scythes, offering a unique way to interpret market trends. 🔲 Auto Breakout and Target Detection Trendline Scythes includes features for automatic breakout detection, signaling potential trend changes. Additionally, the script assists in target detection, helping traders set realistic and data-driven profit-taking levels based on market volatility and user adjustment. 🔲 Utility Trend Confirmation - Use Trendline Scythes to confirm existing trends by observing how price interacts with the curved trendlines. Breakout Signals - Auto-detection of breakouts adds a proactive element to your trading strategy, helping you stay ahead of potential trend reversals. Target Setting - Utilize the script to set profit-taking targets based on volatility, aligning with the current market conditions. 🔲 Settings Pivot Length - Swing detection length Scythe Length - Adjusts the length of the scythes blade Sensitivity - Controls how restrained the target calculation is, higher values will result in tighter targets. 🔲 Alerts Breakout Breakdown Target Reached Target Invalidated As well as the option to trigger 'any alert' call. Trendline Scythes is a versatile tool combining the benefits of traditional trendlines with the dynamic adaptability of curved lines for a unique approach to trend analysis.
Indicateur Pine Script®
par EliCobra
15
Volume-Based Reversal and Breakout [The_lurker]Indicator Overview: The "Volume-Based Reversal and Breakout Indicator" is designed for use on the TradingView platform. Its primary function is to identify potential reversal candles using volume and price criteria and to mark significant breakout points. This tool is particularly valuable for traders who incorporate reversal patterns and volume analysis in their trading strategies. Detailed Functionality: Customizable Label Color: Traders can choose the color of the labels that mark breakout points, allowing for personalization and better visibility on different chart backgrounds. Volume Multiplier Input: Users can set a 'Volume Multiplier' to define what constitutes significant trading volume. This multiplier is used to compare the current candle's volume with that of the previous candle. A higher volume on the current candle, as defined by this multiplier, is indicative of a significant trading activity. Reversal Candle Criteria: The script identifies a candle as a reversal candle if it meets the following conditions: The closing price of the candle is lower than its opening price, indicating a bearish sentiment. The trading volume of the candle is greater than the product of the previous candle's volume and the user-set volume multiplier. This implies increased trading activity during the formation of this candle. The length of the candle's lower tail is greater than its body, suggesting a rejection of lower prices and potential bullish sentiment building up. Breakout Identification and Marking: Upon detecting a reversal candle, the indicator draws lines at the high and low of this candle. These lines represent potential breakout levels. A breakout is confirmed if the price crosses above the high (indicating a bullish breakout) or below the low (indicating a bearish breakout) of the reversal candle. When a breakout occurs, the indicator places an arrow marker at the breakout point. The direction of the arrow (upwards or downwards) and its color (customizable by the user) indicate the nature of the breakout. Breakout Alerts: The indicator includes an alert condition that notifies traders when a breakout occurs. This feature helps traders to quickly react to potential trading opportunities. Practical Application: The indicator is best used in markets with distinct volume patterns, as volume is a key component of its analysis. It can be combined with other technical analysis tools, such as trend lines or moving averages, for additional confirmation of trading signals. Traders should consider adjusting the volume multiplier based on the typical volume characteristics of the specific asset they are analyzing. Conclusion: This "Volume-Based Reversal and Breakout Indicator" is a robust tool that aids traders in identifying potential reversals and breakouts with an emphasis on volume analysis. It's customizable and alert-enabled features make it a versatile addition to a trader's toolkit, suitable for various trading styles and market conditions. Disclaimer: This indicator is provided "as is" without any warranties, either express or implied. The information and data contained within this indicator do not constitute investment advice or a recommendation to buy or sell any security. Users assume full responsibility for any trading decisions made based on the use of this indicator. Past performance of indicators does not guarantee future results. Investing in financial markets involves risks, including the potential loss of capital. It is strongly advised to consult with a qualified financial advisor before making any investment decisions. The development of this indicator does not constitute an endorsement or recommendation by TradingView or any other entity. All trademarks and trade names mentioned herein are the property of their respective owners.
Indicateur Pine Script®
par The_lurker