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Asia Session Reversal Strategy GOLD (Full Version)📈 Asia Session Reversal Strategy (Gold/XAUUSD) This indicator identifies high-probability reversal trades during the second hour of the Asia session (01:00–02:00 UTC) based on 30-minute candle bias. It: Detects initial directional push and signals reversal trades on the 1-minute chart Plots entry, stop-loss, and take-profit levels using a 3:1 reward-to-risk ratio Includes real-time PnL tracking, daily auto-reset, and alert notifications for BUY/SELL setups Ideal for scalpers and intraday traders focusing on Gold during consistent, high-liquidity session windows.
Indicateur Pine Script®
par davidmdan
OB Sweeps ReversalOB Sweeps Reversal is a high-precision market structure tool that identifies and dynamically tracks bullish and bearish order blocks — key zones where institutional participants are likely to be active. These zones act as support and resistance levels, adapting to market behavior in real time. The script monitors price interaction with each OB and classifies its status as: Unmitigated (price has not yet returned) Mitigating (price is testing the zone) Invalidated (zone has been broken) Traders can use these zones directly as actionable support/resistance — or wait for additional confirmation via the system’s liquidity sweep detection and optional filters. 🔍 Key Features: Automatically detects and plots bullish and bearish OBs Tracks mitigation status and updates visuals accordingly Detects liquidity sweeps of recent highs/lows Optional filters:    • 200 EMA trend direction    • Momentum of current or previous candle Plots stop-loss and take-profit lines using ATR-based logic Clean entry labels with full contextual data Built-in alert system with constant-string messages (automation ready) 📈 How to Use: Load the script on any timeframe (15m–4H recommended) Observe the live OB zones as they develop Trade based on price interaction:    • Bounce off a bullish OB = potential long setup    • Rejection from a bearish OB = potential short    • Sweep + snapback into an OB = optional trap reversal entry SL/TP levels are drawn automatically for reference Use alerts to automate or monitor high-conviction setups The order blocks themselves are valuable on their own — even without waiting for a signal. They can be used as dynamic support and resistance zones, offering excellent structure-based trading opportunities. 🧠 Ideal For: Traders who follow price action and market structure Those using support/resistance, OBs, or supply/demand Intraday and swing traders looking for cleaner structure alignment Users who prefer low-frequency, high-quality setups ⚠️ Note: This tool does not produce frequent signals. It is designed for precision and discipline, with a focus on clarity and confluence. It complements — not replaces — a trader’s decision-making process. This script is open-source and designed with integrity, precision, and trader usability in mind. No links, no upsells, no promotions — just a reliable system for structural market analysis.
Indicateur Pine Script®
par Finntech1
Auto TrendLines [TradingFinder] Support Resistance Signal Alerts🔵 Introduction The trendline is one of the most essential tools in technical analysis, widely used in financial markets such as Forex, cryptocurrency, and stocks. A trendline is a straight line that connects swing highs or swing lows and visually indicates the market’s trend direction. Traders use trendlines to identify price structure, the strength of buyers and sellers, dynamic support and resistance zones, and optimal entry and exit points. In technical analysis, trendlines are typically classified into three categories: uptrend lines (drawn by connecting higher lows), downtrend lines (formed by connecting lower highs), and sideways trends (moving horizontally). A valid trendline usually requires at least three confirmed touchpoints to be considered reliable for trading decisions. Trendlines can serve as the foundation for a variety of trading strategies, such as the trendline bounce strategy, valid breakout setups, and confluence-based analysis with other tools like candlestick patterns, divergences, moving averages, and Fibonacci levels. Additionally, trendlines are categorized into internal and external, and further into major and minor levels, each serving unique roles in market structure analysis. 🔵 How to Use Trendlines are a key component in technical analysis, used to identify market direction, define dynamic support and resistance zones, highlight strategic entry and exit points, and manage risk. For a trendline to be reliable, it must be drawn based on structural principles—not by simply connecting two arbitrary points. 🟣 Selecting Pivot Types Based on Trend Direction The first step is to determine the market trend: uptrend, downtrend, or sideways. Then, choose pivot points that match the trend type : In an uptrend, trendlines are drawn by connecting low pivots, especially higher lows. In a downtrend, trendlines are formed by connecting high pivots, specifically lower highs. It is crucial to connect pivots of the same type and structure to ensure the trendline is valid and analytically sound. 🟣 Pivot Classification This indicator automatically classifies pivot points into two categories : Major Pivots : MLL : Major Lower Low MHL : Major Higher Low MHH : Major Higher High MLH : Major Lower High These define the primary structure of the market and are typically used in broader structural analysis. Minor Pivots : mLL: minor Lower Low mHL: minor Higher Low mHH: minor Higher High mLH: minor Lower High These are used for drawing more precise trendlines within corrective waves or internal price movements. Example : In a downtrend, drawing a trendline from an MHH to an mHH creates structural inconsistency and introduces noise. Instead, connect points like MHL to MHL or mLH to mLH for a valid trendline. 🟣 Drawing High-Precision Trendlines To ensure a reliable trendline : Use pivots of the same classification (Major with Major or Minor with Minor). Ensure at least three valid contact points (three touches = structural confirmation). Draw through candles with the least deviation (choose wicks or bodies based on confluence). Preferably draw from right to left for better alignment with current market behavior. Use parallel lines to turn a single trendline into a trendline zone, if needed. 🟣 Using Trendlines for Trade Entries Bounce Entry: When price approaches the trendline and shows signs of reversal (e.g., a reversal candle, divergence, or support/resistance), enter in the direction of the trend with a logical stop-loss. Breakout Entry: When price breaks through the trendline with strong momentum and a confirmation (such as a retest or break of structure), consider trading in the direction of the breakout. 🟣 Trendline-Based Risk Management For bounce entries, the stop-loss is placed below the trendline or the last pivot low (in an uptrend). For breakout entries, the stop-loss is set behind the breakout candle or the last structural level. A broken trendline can also act as an exit signal from a trade. 🟣 Combining Trendlines with Other Tools (Confluence) Trendlines gain much more strength when used alongside other analytical tools : Horizontal support and resistance levels Moving averages (such as EMA 50 or EMA 200) Fibonacci retracement zones Candlestick patterns (e.g., Engulfing, Pin Bar) RSI or MACD divergences Market structure breaks (BoS / ChoCH) 🔵 Settings Pivot Period : This defines how sensitive the pivot detection is. A higher number means the algorithm will identify more significant pivot points, resulting in longer-term trendlines. Alerts Alert : Enable or disable the entire alert system Set a custom alert name Choose how often alerts trigger (every time, once per bar, or on bar close) Select the time zone for alert timestamps (e.g., UTC) Each trendline type supports two alert types : Break Alert : Triggered when price breaks the trendline React Alert : Triggered when price reacts or bounces off the trendline These alerts can be independently enabled or disabled for all trendline categories (Major/Minor, Internal/External, Up/Down). Display : For each of the eight trendline types, you can control : Whether to show or hide the line Whether to delete the previous line when a new one is drawn Color, line style (solid, dashed, dotted), extension direction (e.g., right only), and width Major lines are typically thicker and more opaque, while minor lines appear thinner and more transparent. All settings are designed to give the user full control over the appearance, behavior, and alert system of the indicator, without requiring manual drawing or adjustments. 🔵 Conclusion A trendline is more than just a line on the chart—it is a structural, strategic, and flexible tool in technical analysis that can serve as the foundation for understanding price behavior and making trading decisions. Whether in trending markets or during corrections, trendlines help traders identify market direction, key zones, and high-potential entry and exit points with precision. The accuracy and effectiveness of a trendline depend on using structurally valid pivot points and adhering to proper market logic, rather than relying on guesswork or personal bias. This indicator is built to solve that exact problem. It automatically detects and draws multiple types of trendlines based on actual price structure, separating them into Major/Minor and Internal/External categories, and respecting professional analytical principles such as pivot type, trend direction, and structural location.
Indicateur Pine Script®
par TFlab
14
SMA7 Tail Reversal📌 Description: The SMA7 Tail Reversal indicator is designed to identify potential counter-trend trading opportunities by checking if candle wicks (tails) respect a key moving average level (SMA7). This indicator highlights price action where candles are clearly separated from the moving average, suggesting a possible reversal or temporary correction. 📌 How It Works: Moving Average Calculation: Calculates a simple moving average (SMA) of length 7 to act as the primary trend filter. Candle Classification: Bullish Candle: A candle where the closing price is higher than the opening price, with a short upper wick. Bearish Candle: A candle where the closing price is lower than the opening price, with a short lower wick. Conditions for Coloring Candles: Long Condition (Green Candle): High & Low are both below the SMA7 line. Volume is above the 20-period average. A bullish candle is detected. Short Condition (Red Candle): High & Low are both above the SMA7 line. Volume is above the 20-period average. A bearish candle is detected. 📌 Visual Representation: Green Candles: Potential long signals when price action stays below the SMA7 line. Red Candles: Potential short signals when price action stays above the SMA7 line. Yellow Line: SMA7, used as the dynamic threshold for signal generation. 📌 Usage: Best applied to volatile markets with clear trends. Effective in detecting counter-trend opportunities where price diverges from the SMA7 line. Works well with additional confirmation tools for better accuracy.
Indicateur Pine Script®
par rikyu04
1
FVG Reversal Sentinel🔵 FVG Reversal Sentinel – Multi-Timeframe Fair Value Gap Indicator The FVG Reversal Sentinel is a powerful TradingView indicator designed to help traders identify and track Fair Value Gaps (FVGs) across multiple timeframes, all within a single chart. This tool allows you to select up to five separate timeframes, ensuring you never miss key market shifts, whether you are scalping, day trading, or swing trading. You can use this indicator in any asset (Cryptos, Futures, Indices, Forex Pairs, etc.). 🔵 - Key Features - Multi-Timeframe FVG Tracking – Select and display up to five different timeframes on one chart, providing a comprehensive view of market structure. Customizable Colors – Adjust bullish and bearish FVG colors to match your chart theme for a seamless trading experience. Enhanced Market Context – Quickly identify key liquidity zones and refine your entries and exits with precision. Hide the lower timeframes FVGs to get a clear view in a custom timeframe. Show or hide mitigated FVGs to declutter the chart. FVGs boxes are going to be displayed only when the candle bar closes FVGs are going to be mitigated only when the body of the candle closes above or below the FVG area. No repainting Whether you're looking to fine-tune your entries or gain a broader market perspective, the FVG Reversal Sentinel indicator ensures you have the tools to stay ahead of price action and capitalize on market inefficiencies. 🔵 - Customization- You can change the indicator settings as you see fit to achieve the best results for your use case. TIMEFRAMES This indicator provides the ability to select up to 5 timeframes. These timeframes are based on the trader's timeframes including any custom timeframes. Select the desired timeframe from the options list. Add the label text you would like to show for the selected timeframe. Check or uncheck the box to display or hide the timeframe from your chart. FVG SETTINGS Length of boxes: allows you to select the length of the box that is going to be displayed for the FVGs. Delete boxes after fill?: allows you to show or hide mitigated FVGs on your chart. Hide FVGs lower than enabled timeframes?: allows you to show or hide lower timeframe FVGs on your chart. Example - You are in a 15 minutes timeframe chart, if you choose to hide lower timeframe FVGs you will not be able to see 5 minutes FVG defined in your Timeframes Settings, only 15 minutes or higher timeframe FVGs will be displayed on your chart. BOX VISUALS Bullish FVG box color: the color and opacity of the box for the bullish FVGs. Bearish FVG box color: the color and opacity of the box for the bearish FVGs. LABELS VISUALS Bullish FVG labels color: the color for bullish labels. Bearish FVG labels color: the color for bearish labels. Labels size: the size of the text displayed in the labels. Labels position: the position of the label inside the FVGs boxes (right, left or center). BORDER VISUALS Border width: the width of the border (the thickness). Bullish FVG border color: the color and the opacity of the bullish box border. Bearish FVG border color: the color and the opacity of the bearish box border. 🔵 - How to use the indicator - Just add the indicator in your chart and click in the settings option to customize it. Make sure you select the desired timeframes and set the colors and opacity for the FVGs boxes. This indicator can be used in many trading strategies, such as: SILVER BULLET iFVG iFVG RETEST These strategies are based on the use of FVGs, this tool can help you analyze the market and make the right decision. 🔵 - How was the indicator designed? - I have spent a lot of time testing other open source indicators from the community. All of these indicators do a great job, but they have a problem, they not only mitigate FVGs when a candle closes above or below the FVG, they also mitigate FVGs when the candle closes exactly to the tick (not above or below the FVG). This is a problem for many strategies that rely on FVGs mitigation. What makes this indicator different is that it focuses on just mitigating imbalances at the right time for these strategies. I have taken ideas and some pieces of code from many community indicator developers, such as: @twingall @tflab @marktools @nacho-fx @pmk07 ... and many other people, to whom I thank for their valuable work and have allowed me to create this tool by making modifications to their source code. 🔵 - Disclaimer - This tool is intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. It's not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on any indicator for financial decisions.
Indicateur Pine Script®
par carlosrah
15
Buy on 5 day low Strategy█ STRATEGY DESCRIPTION The "Buy on 5 Day Low Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price drops below the lowest low of the previous five days. It enters a long position when specific conditions are met and exits when the price exceeds the high of the previous day. This strategy is optimized for use on daily or higher timeframes. █ WHAT IS THE 5-DAY LOW? The 5-Day Low is the lowest price observed over the last five days. This level is used as a reference to identify potential oversold conditions and reversal points. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price is below the lowest low of the previous five days (`close < _lowest `). The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous day (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around key support levels. It is sensitive to oversold conditions, as indicated by the 5-Day Low, and overbought conditions, as indicated by the previous day's high. Backtesting results should be analyzed to optimize the strategy for specific instruments and market conditions.
Stratégie Pine Script®
par Botnet101
3-Bar Low Strategy█ STRATEGY DESCRIPTION The "3-Bar Low Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price drops below the lowest low of the previous three bars. It enters a long position when specific conditions are met and exits when the price exceeds the highest high of the previous seven bars. This strategy is suitable for use on various timeframes. █ WHAT IS THE 3-BAR LOW? The 3-Bar Low is the lowest price observed over the last three bars. This level is used as a reference to identify potential oversold conditions and reversal points. █ WHAT IS THE 7-BAR HIGH? The 7-Bar High is the highest price observed over the last seven bars. This level is used as a reference to identify potential overbought conditions and exit points. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price is below the lowest low of the previous three bars (`close < _lowest `). The signal occurs within the specified time window (between `Start Time` and `End Time`). If the EMA Filter is enabled, the close price must also be above the 200-period Exponential Moving Average (EMA). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the highest high of the previous seven bars (`close > _highest `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS MA Period: The lookback period for the 200-period EMA used in the EMA Filter. Default is 200. Use EMA Filter: Enables or disables the EMA Filter for long entries. Default is disabled. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around key support and resistance levels. It is sensitive to oversold conditions, as indicated by the 3-Bar Low, and overbought conditions, as indicated by the 7-Bar High. Backtesting results should be analyzed to optimize the MA Period and EMA Filter settings for specific instruments.
Stratégie Pine Script®
par Botnet101
Dynamic Support and Resistance Pivot Strategy The Dynamic Support and Resistance Pivot Strategy is a flexible and adaptive tool designed to identify short-term support and resistance levels using the concept of price pivots. ### Key Elements of the Strategy 1. Pivot points as support and resistance levels Pivots are significant turning points on the price chart, often marking local highs and lows where the price has reversed direction. A pivot high occurs when the price forms a local peak, while a pivot low occurs when the price forms a local trough. When a new pivot high is formed, it creates a resistance level. Conversely, when a new pivot low is formed, it creates a support level. The strategy continuously updates these levels as new pivots are detected, ensuring they remain relevant to the current market conditions. By identifying these price levels, the strategy dynamically adjusts to market conditions, allowing it to adapt to both trending and ranging markets, since it has a long target and can perform reversal operations. 2. Entry Criteria - Buy (Long): A long position is triggered when the price is near the support level and then crosses it from below to above. This suggests that the price has found support and may start moving upwards. - Sell (Short): A short position is triggered when the price is near the resistance level and then crosses it from above to below. This indicates that the price may be reversing and moving downward. 3. Support/Resistance distance (%) - This parameter establishes a percentage range around the identified support and resistance level. For example, if the Support Resistance Distance is 0.4% (default), the closing price must be within a range of 0.4% above support or below the resistance to be considered "close" and trigger a trade. 4. Exit criteria - Take profit = 27 % - Stop loss = 10 % - Reversal if a new entry point is identified in the opposite direction 5. No Repainting - The Dynamic Support and Resistance Pivot Strategy is not subject to repainting. 6. Position Sizing by Equity and risk management - This strategy has a default configuration to operate with 35% of the equity. The stop loss is set to 10% from the entry price. This way, the strategy is putting at risk about 10% of 35% of equity, that is, around 3.5% of equity for each trade. The percentage of equity and stop loss can be adjusted by the user according to their risk management. 7. Backtest results - This strategy was subjected to backtest and operations in replay mode on **1000000MOGUSDT.P**, with the inclusion of transaction fees at 0.12% and slipagge of 5 ticks, and the past results have shown consistent profitability. Past results are no guarantee of future results. The strategy's backtest results may even be due to overfitting with past data. 8. Chart Visualization - Support and resistance levels are displayed as green (support) and red (resistance) lines. - Pivot prices are displayed as green (pivot low) and red (pivot high) labels. In this image above, the Support/Resistance distance (%) parameter was set to 0.8. 9. Default Configuration Chart Timeframe: 1h Pivot Lengh: 2 Support/Resistance distance (%): 0.4* Stop Loss: 10 % Take Profit: 27 % * This parameter can alternatively be set to 0.8. 10. Alternative Configuration Chart Timeframe: 20 min Pivot Lengh: 4 Support/Resistance distance (%): 0.1 Stop Loss: 10 % Take Profit: 25 % BYBIT:1000000MOGUSDT.P
Stratégie Pine Script®
par felipemiransan
4
VRS (Vegas Reversal Strategy)It is based on the reversal of the price after an accentuated volatility of the previous day. It is tested only on BTC, TF Day, and has an activation value equal to a spike of minimum 2.4% amplitude, a value that I have left in the settings free to be modified if it is found valid for other assets. In the settings you can change how many of the latest longs or shorts I want to view in the past, colors and various aesthetics. When the system detects a spike at the end of the day from 2.4% onwards it will signal the direction of Reversal, generating the 3 TP, dotted lines. Entry into the market must be done at the close of the candle day, unfortunately at night time if you want to enter on the tick. Stop above/below the spike that generated the condition. If the Day2 candle closes FULL inside the spike, immediate and early closing of the operation. There cannot be two consecutive Day events: if you are Long or Short and have taken a stop on the next candle, even if the latter generates another entry, this must not be activated. TP 1 and 2 are both mandatory at 33% of the position, TP3, based on the current movement, can be considered to be left to run to the bitter end or in any case to structuring confirmations of a slowdown in the price. Upon reaching TP1 it is mandatory to move the STOP to even. In the event of the presence of extremely strong directional movements, for example Long direction, an opposite activation, Short, must be done but with reduced capital, on the contrary an activation in the same direction as the trend movement can be done with a surcharge. Always pay attention to Money Management and Risk Management. Always manage Risk and Money Management in an adequate, technical and sustainable manner in relation to your capital. A fair exposure per transaction is between 1% and 2% of the capital.
Stratégie Pine Script®
par PaulVegas
VAWSI and Trend Persistance Reversal Strategy SL/TPThis is a completely revamped version of my "RSI and ATR Trend Reversal Strategy." What's New? The RSI has been replaced with an original indicator of mine, the "VAWSI," as I've elected to call it. The standard RSI measures a change in an RMA to determine the strength of a movement. The VAWSI performs very similarly, except it uses another original indicator of mine, the VAWMA. VAWMA stands for "Volume (and) ATR Weight Moving Average." It takes an average of the volume and ATR and uses the ratio of each bar to weigh a moving average of the source. It has the same formula as an RSI, but uses the VAWMA instead of an RMA. Next we have the Trend Persistence indicator, which is an index on how long a trend has been persisting for. It is another original indicator. It takes the max deviation the source has from lowest/highest of a specified length. It then takes a cumulative measure of that amount, measures the change, then creates a strength index with that amount. The VAWSI is a measure of an emerging trend, and the Trend Persistence indicator is a measure of how long a trend has persisted. Finally, the 3rd main indicator, is a slight variation of an ATR. Rather than taking the max of source - low or high- source and source - source , it instead takes the max of high-low and the absolute value of source - the previous source. It then takes the absolute value of the change of this, and normalizes it with the source. Inputs Minimum SL/TP ensures that the Stop Loss and Take Profit still exist in untrendy markets. This is the minimum Amount that will always be applied. VAWSI Weight is a divided by 100 multiplier for the VAWSI. So value of 200 means it is multiplied by 2. Think of it like a percentage. Trend Persistence weight and ATR Weight are applied the same. Higher the number, the more impactful on the final calculation it is. Combination Mult is an outright multiplier to the final calculation. So a 2.0 = * 2.0 Trend Persistence Smoothing Length is the length of the weighted moving average applied to the Trend Persistence Strength index. Length Cycle Decimal is a replacement of length for the script. Here we used BlackCat1402's Dynamic Length Calculation, which can be found on his page. With his permission we have implemented it into this script. Big shout out to them for not only creating, but allowing us to use it here. The Length Cycle Decimal is used to calculate the dynamic length. Because TradingView only allows series int for their built-in library, a lot of the baseline indicators we use have to be manually recreated as functions in the following section. The Strategy As usual, we use Heiken Ashi values for calculations. We begin by establishing the minimum SL/TP for use later. Next we determine the amount of bars back since the last crossup or crossdown of our threshold line. We then perform some normalization of our multipliers. We want a larger trend or larger VAWSI amount to narrow the threshold, so we have 1 divide them. This way, a higher reading outputs a smaller number and vice versa. We do this for both Trend Persistence, and the VAWSI. The VAWSI we also normalize, where rather than it being a 0-100 reading of trend direction and strength, we absolute it so that as long as a trend is strong, regardless of direction, it will have a higher reading. With these normalized values, we add them together and simply subtract the ATR measurement rather than having 1 divide it. Here you can see how the different measurements add up. A lower final number suggests imminent reversal, and a higher final number suggests an untrendy or choppy market. ATR is in orange, the Trend Persistence is blue, the VAWSI is purple, and the final amount is green. We take this final number and depending on the current trend direction, we multiply it by either the Highest or Lowest source since the last crossup or crossdown. We then take the highest or lowest of this calculation, and have it be our Stop Loss or Take Profit. This number cannot be higher/lower than the previous source to ensure a rapid spike doesn't immediately close your position on a still continuing trend. As well, the threshold cannot be higher/ lower than the the specified Stop Loss and Take Profit Only after the source has fully crossed these lines do we consider it a crossup or crossdown. We confirm this with a barstate.isconfirmed to prevent repainting. Next, each time there is a crossup or crossdown we enter a long or a short respectively and plot accordingly. I have the strategy configured to "process on order close" to ensure an accurate backtesting result. You could also set this to false and add a 1 bar delay to the "if crossup" and "if crossdown" lines under strategy so that it is calculated based on the open of the next bar. Final Notes The amounts have been preconfigured for performance on RIOT 5 Minute timeframe. Other timeframes are viable as well. With a few changes to the parameters, this strategy has backtested well on NVDA, AAPL, TSLA, and AMD. I recommend before altering settings to try other timeframes first. This script does not seem to perform nearly as well in typically untrendy and choppy markets such as crypto and forex. With some setting changes, I have seen okay results with crypto, but overfitting could be the cause there. Thank you very much, and please enjoy.
Stratégie Pine Script®
par joseph_lemery
5
Opening Range Reversal ZonesThis script finds a reversal zone beyond the opening range for the selected period. I borrowed most of the opening range script itself from asenski. I added a few things: Trade Entry Times -- this restricts the "alert times." Shading for the above mentioned times for the two "reversal" zones A couple of other visuals for lines for the hi, mid, low of the opening range and lines for the fibs Alerts while in the trading entry time session for fibbonacci crossovers. I use this on NDX, SPY, and QQQs and have found buying "at the money" 0DTE puts in the "red zone" or 0DTE calls in the "green zone" frequently wins. I have no statistics, as I am very methodical when I choose to enter, paying attention to the news, recent momentum, etc, and am not blindly entering when alert comes, but when one does, I do research and enter a trade. In any case, thought I would share.
Indicateur Pine Script®
par DeuceDavis
6
Mean Reversion Watchlist [Z score]Hi Traders ! What is the Z score: The Z score measures a values variability factor from the mean, this value is denoted by z and is interpreted as the number of standard deviations from the mean. The Z score is often applied to the normal distribution to “standardize” the values; this makes comparison of normally distributed random variables with different units possible. This popular reversal based indicator makes an assumption that the sample distribution (in this case the sample of price values) is normal, this allows for the interpretation that values with an extremely high or low percentile or “Z” value will likely be reversal zones. This is because in the population data (the true distribution) which is known, anomaly values are very rare, therefore if price were to take a z score factor of 3 this would mean that price lies 3 standard deviations from the mean in the positive direction and is in the ≈99% percentile of all values. We would take this as a sign of a negative reversal as it is very unlikely to observe a consecutive equal to or more extreme than this percentile or Z value. The z score normalization equation is given by In Pine Script the Z score can be computed very easily using the below code. // Z score custom function Zscore(source, lookback) => sma = ta.sma(source, lookback) stdev = ta.stdev(source, lookback, true) zscore = (source - sma) / stdev zscore The Indicator: This indicator plots the Z score for up to 20 different assets ( Note the maximum is 40 however the utility of 40 plots in one indicator is not much, there is a diminishing marginal return of the number of plots ). Z score threshold levels can also be specified, the interpretation is the same as stated above. The timeframe can also be fixed, by toggling the “Time frame lock” user input under the “TIME FRAME LOCK” user input group ( Note this indicator does not repain t).
Indicateur Pine Script®
par Amjad_S
1
Support & Resistance AI (K means/median) [ThinkLogicAI]█ OVERVIEW K-means is a clustering algorithm commonly used in machine learning to group data points into distinct clusters based on their similarities. While K-means is not typically used directly for identifying support and resistance levels in financial markets, it can serve as a tool in a broader analysis approach. Support and resistance levels are price levels in financial markets where the price tends to react or reverse. Support is a level where the price tends to stop falling and might start to rise, while resistance is a level where the price tends to stop rising and might start to fall. Traders and analysts often look for these levels as they can provide insights into potential price movements and trading opportunities. █ BACKGROUND The K-means algorithm has been around since the late 1950s, making it more than six decades old. The algorithm was introduced by Stuart Lloyd in his 1957 research paper "Least squares quantization in PCM" for telecommunications applications. However, it wasn't widely known or recognized until James MacQueen's 1967 paper "Some Methods for Classification and Analysis of Multivariate Observations," where he formalized the algorithm and referred to it as the "K-means" clustering method. So, while K-means has been around for a considerable amount of time, it continues to be a widely used and influential algorithm in the fields of machine learning, data analysis, and pattern recognition due to its simplicity and effectiveness in clustering tasks. █ COMPARE AND CONTRAST SUPPORT AND RESISTANCE METHODS 1) K-means Approach: Cluster Formation: After applying the K-means algorithm to historical price change data and visualizing the resulting clusters, traders can identify distinct regions on the price chart where clusters are formed. Each cluster represents a group of similar price change patterns. Cluster Analysis: Analyze the clusters to identify areas where clusters tend to form. These areas might correspond to regions of price behavior that repeat over time and could be indicative of support and resistance levels. Potential Support and Resistance Levels: Based on the identified areas of cluster formation, traders can consider these regions as potential support and resistance levels. A cluster forming at a specific price level could suggest that this level has been historically significant, causing similar price behavior in the past. Cluster Standard Deviation: In addition to looking at the means (centroids) of the clusters, traders can also calculate the standard deviation of price changes within each cluster. Standard deviation is a measure of the dispersion or volatility of data points around the mean. A higher standard deviation indicates greater price volatility within a cluster. Low Standard Deviation: If a cluster has a low standard deviation, it suggests that prices within that cluster are relatively stable and less likely to exhibit sudden and large price movements. Traders might consider placing tighter stop-loss orders for trades within these clusters. High Standard Deviation: Conversely, if a cluster has a high standard deviation, it indicates greater price volatility within that cluster. Traders might opt for wider stop-loss orders to allow for potential price fluctuations without getting stopped out prematurely. Cluster Density: Each data point is assigned to a cluster so a cluster that is more dense will act more like gravity and 2) Traditional Approach: Trendlines: Draw trendlines connecting significant highs or lows on a price chart to identify potential support and resistance levels. Chart Patterns: Identify chart patterns like double tops, double bottoms, head and shoulders, and triangles that often indicate potential reversal points. Moving Averages: Use moving averages to identify levels where the price might find support or resistance based on the average price over a specific period. Psychological Levels: Identify round numbers or levels that traders often pay attention to, which can act as support and resistance. Previous Highs and Lows: Identify significant previous price highs and lows that might act as support or resistance. The key difference lies in the approach and the foundation of these methods. Traditional methods are based on well-established principles of technical analysis and market psychology, while the K-means approach involves clustering price behavior without necessarily incorporating market sentiment or specific price patterns. It's important to note that while the K-means approach might provide an interesting way to analyze price data, it should be used cautiously and in conjunction with other traditional methods. Financial markets are influenced by a wide range of factors beyond just price behavior, and the effectiveness of any method for identifying support and resistance levels should be thoroughly tested and validated. Additionally, developments in trading strategies and analysis techniques could have occurred since my last update. █ K MEANS ALGORITHM The algorithm for K means is as follows: Initialize cluster centers assign data to clusters based on minimum distance calculate cluster center by taking the average or median of the clusters repeat steps 1-3 until cluster centers stop moving █ LIMITATIONS OF K MEANS There are 3 main limitations of this algorithm: Sensitive to Initializations: K-means is sensitive to the initial placement of centroids. Different initializations can lead to different cluster assignments and final results. Assumption of Equal Sizes and Variances: K-means assumes that clusters have roughly equal sizes and spherical shapes. This may not hold true for all types of data. It can struggle with identifying clusters with uneven densities, sizes, or shapes. Impact of Outliers: K-means is sensitive to outliers, as a single outlier can significantly affect the position of cluster centroids. Outliers can lead to the creation of spurious clusters or distortion of the true cluster structure. █ LIMITATIONS IN APPLICATION OF K MEANS IN TRADING Trading data often exhibits characteristics that can pose challenges when applying indicators and analysis techniques. Here's how the limitations of outliers, varying scales, and unequal variance can impact the use of indicators in trading: Outliers are data points that significantly deviate from the rest of the dataset. In trading, outliers can represent extreme price movements caused by rare events, news, or market anomalies. Outliers can have a significant impact on trading indicators and analyses:    Indicator Distortion: Outliers can skew the calculations of indicators, leading to   misleading signals. For instance, a single extreme price spike could cause indicators like moving averages or RSI (Relative Strength Index) to give false signals.    Risk Management: Outliers can lead to overly aggressive trading decisions if not  properly accounted for. Ignoring outliers might result in unexpected losses or missed opportunities to adjust trading strategies. Different Scales: Trading data often includes multiple indicators with varying units and scales. For example, prices are typically in dollars, volume in units traded, and oscillators have their own scale. Mixing indicators with different scales can complicate analysis:   Normalization: Indicators on different scales need to be normalized or standardized to ensure they contribute equally to the analysis. Failure to do so can lead to one indicator dominating the analysis due to its larger magnitude.   Comparability: Without normalization, it's challenging to directly compare the significance of indicators. Some indicators might have a larger numerical range and could overshadow others. Unequal Variance: Unequal variance in trading data refers to the fact that some indicators might exhibit higher volatility than others. This can impact the interpretation of signals and the performance of trading strategies:   Volatility Adjustment: When combining indicators with varying volatility, it's essential to adjust for their relative volatilities. Failure to do so might lead to overemphasizing or underestimating the importance of certain indicators in the trading strategy.   Risk Assessment: Unequal variance can impact risk assessment. Indicators with higher volatility might lead to riskier trading decisions if not properly taken into account. █ APPLICATION OF THIS INDICATOR This indicator can be used in 2 ways: 1) Make a directional trade: If a trader thinks price will go higher or lower and price is within a cluster zone, The trader can take a position and place a stop on the 1 sd band around the cluster. As one can see below, the trader can go long the green arrow and place a stop on the one standard deviation mark for that cluster below it at the red arrow. using this we can calculate a risk to reward ratio. Calculating risk to reward: targeting a risk reward ratio of 2:1, the trader could clearly make that given that the next resistance area above that in the orange cluster exceeds this risk reward ratio. 2) Take a reversal Trade: We can use cluster centers (support and resistance levels) to go in the opposite direction that price is currently moving in hopes of price forming a pivot and reversing off this level. Similar to the directional trade, we can use the standard deviation of the cluster to place a stop just in case we are wrong. In this example below we can see that shorting on the red arrow and placing a stop at the one standard deviation above this cluster would give us a profitable trade with minimal risk. Using the cluster density table in the upper right informs the trader just how dense the cluster is. Higher density clusters will give a higher likelihood of a pivot forming at these levels and price being rejected and switching direction with a larger move. █ FEATURES & SETTINGS General Settings: Number of clusters: The user can select from 3 to five clusters. A good rule of thumb is that if you are trading intraday, less is more (Think 3 rather than 5). For daily 4 to 5 clusters is good. Cluster Method: To get around the outlier limitation of k means clustering, The median was added. This gives the user the ability to choose either k means or k median clustering. K means is the preferred method if the user things there are no large outliers, and if there appears to be large outliers or it is assumed there are then K medians is preferred. Bars back To train on: This will be the amount of bars to include in the clustering. This number is important so that the user includes bars that are recent but not so far back that they are out of the scope of where price can be. For example the last 2 years we have been in a range on the sp500 so 505 days in this setting would be more relevant than say looking back 5 years ago because price would have to move far to get there. Show SD Bands: Select this to show the 1 standard deviation bands around the support and resistance level or unselect this to just show the support and resistance level by itself. Features: Besides the support and resistance levels and standard deviation bands, this indicator gives a table in the upper right hand corner to show the density of each cluster (support and resistance level) and is color coded to the cluster line on the chart. Higher density clusters mean price has been there previously more than lower density clusters and could mean a higher likelihood of a reversal when price reaches these areas. █ WORKS CITED Victor Sim, "Using K-means Clustering to Create Support and Resistance", 2020, towardsdatascience.com Chris Piech, "K means", stanford.edu █ ACKNOLWEDGMENTS @jdehorty- Thanks for the publish template. It made organizing my thoughts and work alot easier.
Indicateur Pine Script®
par ThinkLogicAI
41
Typical Price Difference - TPD © with reversal zones and signalsv1.0 NOTE: The maths have been tested only for BTC and weekly time frame. This is a concept that I came through after long long hours of VWAP trading and scalping. The idea is pretty simple: 1) Typical Price is calculated by (h+l+c) / 3. If we take this price and adjust it to volume we get the VWAP value. The difference between this value and the close value, i call it " Typical Price Difference - TPD ". 2) We get the Historical Volatility as calculated by TradingView script and we add it up to TPD and divide it by two (average). This is what I call " The Source - TS ". 3) We apply the CCI formula to TS . 4) We calculate the Rate of Change (roc) of the CCI formula. 5) We apply the VIX FIX of Larry Williams (script used is from ChrisMoody - CM_Williams_Vix_Fix Finds Market Bottoms) *brilliant script!!! How to use it: a) When the (3) is over the TPD we have a bullish bias (green area). When it's under we have a bearish bias (red area). b) If the (1) value goes over or under a certain value (CAUTION!!! it varies in different assets or timeframes) we get a Reversal Zone (RZ). Red/Green background. c) If we are in a RZ and the VIX FIX gives a strong value (look for green bars in histogram) and roc (4) goes in the opposite direction, we get a reversal signal that works for the next week(s). I applied this to BTC on a weekly time frame and after some corrections, it gives pretty good reversal zones and signals. Especially bottoms. Also look for divergences in the zones/signals. As I said I have tested and confirmed it only on BTC/weekly. I need more time with the maths and pine to automatically adjust it to other time frames. You can play with it in different assets or time frames to find best settings by hand. Feel free to share your thoughts or ideas on this. P.S. I realy realy realy try to remember when or how or why I came up with the idea to combine typical price with historical volatility and CCI. I can't! It doesn't make any sense LOL
Indicateur Pine Script®
par MyFire_Yiannis
Relative Price Volume Relative Price Volume is an indicator which shows anomalies between price and volume on a chart over a given period. The goal is to identify potential reversal and/consolidation areas for price as it relates to volume. It is a simple variation of a Volume at Price indicators. It can also be used to mark potential support and resistance lines on the chart as the areas it signals is where the price battles are waged. Settings: Period = length for which to calculate average candle body and average volume Long Factor = relative size multiplier to determine if a candle is larger than average or if volume is higher than average Short Factor = relative size multiplier to determine if a candle is smaller than average or if volume is lower than average Anomaly Conditions 1. If a candle is larger than average and volume is lower than average, then this is an anomaly, and we should be on alert for a change in momentum. 2. if a candle is smaller than average and volume is higher than average, then this too is an anomaly and should put us on alert. The indicator will draw a cross on the chart indicating the candle is that is flashing the warning that the run is done and a potential consolidation and/or reversal is pending. Used in conjunction with support and resistance levels this could signal a time to enter or exit a trade. The default size factors considers a candle or volume: 1. Larger than average if it is 60% or more (.6) larger than average. 2. Smaller than average if it is 40% or less (.4) smaller than average. Hope this helps! Happy trading!
Indicateur Pine Script®
par karimka
ETS Price Deviation Reversal AreasThis indicator tracks the degree to which price moves away from an average and triggers potential direction changes based on standard deviation levels. The reason I created this script is because I wanted to see how far price moved away from the moving average in a more clearly defined way than just saying "wow, price is pretty far away from the 9 EMA..." or whichever moving average you were looking at. Typically when price moves "too far" away from the moving averages, it corrects itself, I think mainly because a lot of people say "wow, price is pretty far away from the 9 EMA..." and then enter a trade. This indicator tries to make it easier to see when that switches around, which could indicate that price will be reversing. Of course the indicator is not a silver bullet, but I have found it pretty useful and I hope that you do too! It also tries to avoid giving signals when prices are in a very small range. When the deviation bars contract, the indicator switches to only signal "breakout" type moves to try and limit whipsaw signals. The smaller dots are spots that could indicate a potentially early reversal, and the larger dots show up a bit later when the reversal is a bit more established. There are also alerts that you can use if you want. Change this code as you want to, but please let the community know and send me a message if you found something to share! Thanks!
Indicateur Pine Script®
par EasyTradingSignals
5
[blackcat] L2 Reversal Labels StrategyLevel: 2 Background There is a Chinese proverb that says: "The great way leads to simplicity". This indicator is the representative of this meaning. Through the processing of the most common MACD indicator data, it is possible to quickly determine the market price: whether the current price is at a historical high or low, whether a reversal will happen soon, etc. at a glance. Function This is the strategy version of the same indicator which performs screening and filtering through the fast and slow line data corresponding to the output of the standard MACD indicator, so as to realize the function of judging the top and bottom of the trend. Inputs N/A Key Signal Near Top --> Top is reached and reversal may happen soon. (red labels) Near Bottom --> Bottom is reached and reversal may happen soon. (green labels) Remarks The backtest result is picked up and optimized for BTCUSD '2D' time frame, it does not work constantly well for any time frame. You need to combine other indicators for other trading pair and time frame. You can add alerts for this version. This is a Level 2 free and open source indicator. Feedbacks are appreciated.
Stratégie Pine Script®
par blackcat1402
2
Simplified candlesticksSimplified candlesticks tracks sticks for their body and wick - For Long bars sticks ( LS ) tracks and marks them on down trend as continuation and reversal if moves appositive direction. - For largest wicks on ends marks as regular Doji - For large wicks and medium body marks as possible consolidation - For only bottom bigger wick as bears weakness if trend down and possible reversal if trend is up. - For only upper bigger wick as bulls weakness if trend up and possible reversal if trend is down
Indicateur Pine Script®
par RomanLosev
[blackcat] L2 Reversal LabelsLevel: 2 Background There is a Chinese proverb that says: "The great way leads to simplicity". This indicator is the representative of this meaning. Through the processing of the most common MACD indicator data, it is possible to quickly determine the market price: whether the current price is at a historical high or low, whether a reversal will happen soon, etc. at a glance. Function This indicator performs screening and filtering through the fast and slow line data corresponding to the output of the standard MACD indicator, so as to realize the function of judging the top and bottom of the trend. Inputs N/A Key Signal Near Top --> Top is reached and reversal may happen soon. (red labels) Near Bottom --> Bottom is reached and reversal may happen soon. (green labels) Remarks This is a Level 2 free and open source indicator. Feedbacks are appreciated.
Indicateur Pine Script®
par blackcat1402
24
Fear Of Missing Out grid of forex tradingAbstract This script finds potential safe grids placing limit orders without fear of missing out. This script computes grids according to power of 1.0025 . You can reference those price levels for your trading. Introduction Grid trading is a popular trading method. Traders plan several price levels as grids and repeat buying at lower grids and selling at higher grids. Grids can be round number like multiple of 100 pips. Grids can also be support and resistance according to price history. Some traders may think they need to adjust grids to trade. However, there are several problems in choosing grids. One problem is rate of change is related and therefore exponential. 20 to 30 is different from 30 to 40. Another interesting point is there are some special impressing reversal price levels. Several months ago, I had a question why usdjpy bounced near 108.3 . After using a calculator, I found that 108.3 = 100 * 1.083 ≒ 100 * pow(1.0025,31) . 1.0025 , as known as 0.25% of change, is a potential stop out zone. Therefore, we can compute grids and one grid is a little more than 1.0025 times than an another one. After we finished computing grids, we can consider buy and sell near those grids. Note that different traders may obtain different grid values. For example, from 1.0 to 2.0 , it can be splited as 270 grids or 277 grids because pow(1.0025,277)<2 . Those grids cannot always imply potential reversal points but they can be useful for traders looking for 0.25% profit targets with reducing fearing of buying or selling too early. Computing grids This script split from 1.0 to 10.0 into three segments. One is 1.0 to 2.0 . The second segment is from 2.0 to 5.0 . The third segment is from 5.0 to 10.0 . This script does the same thing for 0.1 to 1.0 , 10.0 to 100.0 , and so on. For 1.0 to 2.0 and 5.0 to 10.0 , this script split a segment as 270 grids. For 2.0 to 5.0 , this script split a segment as 360 grids. The last step is display the next grids to the daily low and daily high. Maybe also display the grids behind grids shown. Parameters x1,x2,x3,x4 : display the next x1,x2,x3,x4 grids to daily high and daily low. 1 means the next grid to daily high and daily low. 2 means the next grid to 1. x_seg : default 2.0 . This script split from 1.0 to 10.0 into three segments. One is 1.0 to x_seg. The second segment is from x_seg to 10.0/x_seg . The third segment is from 10.0/x_seg to 10.0 . x_grid1 : how many grids in the first segment x_grid2 : how many grids in the second segment x_lowprice : add this number for bigger grid distance. Generally, you don't need this number when trading forex but you may need it in stock trading. For stocks with price between 50 to 100, I recommend you use x_lowprice=100. Conclusion and suggestions This script can find potential grids for trading. If price touches grids usually, we can consider buy and sell after price touches grids. If price reverses before touching grids usually, we may consider buy and sell before price touches grids. Those grids can remind us don't buy too much unless the price touches the next grid. For instruments with less volatility, maybe we need more grids. For traders with more money, they may also consider more grids for more dedicated range trading to collect more profit. Reference Sorry, I forgot them.
Indicateur Pine Script®
par clocks156t174
1
Continuation and Reversal Patterns This script helps in identifying the reversal and continuation patterns in the japanese candle sticks this can be applied across all time frames we can configure the maximum number of weak candles in the zone such that we can configure the strength as per end user but maximum base candles is restricted to 5 as any candles greater than that will make the pattern weak Note : This is not a strategy rather a useful tool which suggests there might be continuation to the existing trend or there might be reversal , so use them with combination of other indicators and price action for better results
Indicateur Pine Script®
par Harshas2021
5
HOLP/LOHPThe HOLP strategy was developed by trader-author John F. Carter in his book 'Mastering the trade: proven techniques for profiting from intraday and swing trading set ups' (ISBN 0-07-145958-8). The strategy, which gives buy signals, is a reversal strategy. Reversal strategies try to determine the point in time when a trend reverses direction. In his book John F. Carter is actually skeptical of taking a position against the trend, quoting classics like "never catch a falling knife" (buy a steep sell off) and "never step in front of a train" (short sell a strong market). Given his skepticism he decides to base his strategy on the one single factor which he deems relevant: the market price.
Indicateur Pine Script®
par jasonowl
2