Key price levelsFunction: labelling recent highs and lows automatically. Easy and clean.
In this example, we can see the previous low of the ticker is around 105.5, the previous high is around 120.
We can set up our entries and exits by referring to the last lows and highs.
Users can adjust the searching bar range by themselves.
Support et Résistance
Prevous High & Low by Period + NY Zone
This is based on various example code and research done to try and help using the free ICT OTE Pattern on the NY 08:30 to 11:00 am
I tried to make this work on multiple time frames and settings but its best below 8hr
Legend (some of these are for fun and working examples)
RED BG color = Sunday Trading
MAROON STAR = Experiment in significant movement over the last 3 bars
Blue X = Engulfing Candle Marker
I have used this script as a building basis and research contributed by various sources on the internet. Its for learning purposes and helping to draw some lines.
Trand_Monster_BARS_v2Version 2 of the Trand_Monster_BARS indicator
Tested on 3 minute timeframe
Shows likely locations of trend pullbacks or reversals
Additionally contains derived support and resistance levels from the indicator version 1
Also contains the functionality of the first version of the indicator
Jsa Moving Average [CC]The Jsa Moving Average was created by George R. Arrington, Ph .D. (Stocks & Commodities V. 11:10 (427-431)) and it is an extremely simple formula but has very many great uses. For one thing it acts as support and resistance levels and it also acts like a trailing stop. It gives a wide enough berth during extended up or down trends to let you ride the wave up or down and when it gets close to the price it means that it is a choppy market. Buy when the indicator line is green and sell when it turns red.
Let me know if you would like to see me publish other indicators or if you want something custom done!
Note: I'm republishing this because the original script couldn't be found in searches so this will fix that.
cATRpillerThis indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
Session S/RThis indicator marks the resistances and supports of the post, pre and market sessions of the previous day projecting up to the market of the day, also it marks the hours of these three markets allowing to identify the beginning and end of the sessions in London, Hong Kong, and America.
CPR by GuruprasadMeduriThis script will allow to add CPR with Standard Pivot ad 9 levels of support and 9 levels of resistance lines. It has CPR, 3 levels of Day-wise pivots, 3 levels of Weekly pivots and 3 Levels of Monthly Pivots. All the Support and resistance levels can be enabled / disabled from settings. It will allow to select multiple combinations of support and resistance levels across 3 levels at any of the 3 time-frames individually and combined.
These number of combinations will allow user to visualize the charts with desired pivot support & resistance levels on all or any of the 3 time frames.
For Ease of access, listed few points on how the script works..
- CPR and day-wise level 1 & 2 (S1, R1, S2 R2) enabled by default and can be changed from settings
- Day-wise Level 3 (S3 & L3) can be enabled from settings
- Weekly 3 levels and Monthly 3 levels can be enabled from settings
- CPR & pivot levels colored in blue lines
- All support levels colored in Green
- All resistance levels Colored in Red
- Day-wise pivot, support & resistance are straight lines
- Weekly pivot, support & resistance are cross (+) lines
- Weekly pivot, support & resistance are circle (o) lines
- Any combinations can be selected from stettings-> Inputs & style
// - This is an iterative development. Will add more features due course of time. Suggestions are always welcomed!!
ALMA Function [FN] - Arnaud Legoux Moving AverageThis hasn't been done before. People know the ALMA moving average, TradingView, of course, has a built-in function for the ALMA = alma(). But, when you use built-in functions, you can't have a series as a length. Pinecoders put out a bunch of functions for various routines wherein the built-in doesn't allow for a series as a length. I got some help from @everget (awesome dude) to do the dev() function as well... can't find the ALMA anywhere. So, here it is. It seems to match the built-in indicator. To double-check me, just put the ALMA built-in over this and they should match. Let me know if you find an issue.
That's it. ALMA is cool. I'm going to use it as the average for the CCI. Good day.
Candlestick Reversal SystemHello Traders,
In the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market" by Franklin Ochoa, Four different types of reversal systems were introduced and candlestick patterns are used to find reversals. I will not write a lot about the book, you should get/read it for yourself. There are many great ideas in the book, Candlesetick Reversal System, Following Trend, Time Price Opportunity, Advanced Camarilla Concepts and much more.
Reversal systems mentioned in the book are :
- Wick Reversal System
- Exteme Reversal System
- Outside Reversal System
- Doji Reversal System
I tried to add these four reversal systems to the script. If you need detailed info you better read the book ;)
Enjoy!
Automatic Fibonacci Pivot Point S/R LevelsThis is a great tool to find confluences between Fibonacci Pivot point on various time frames.
Fib Pivots used
23.6%
38.2%
50%
61.8%
76.4%
100%
127.2%
141.4%
161.8%
200%
If price is between two levels on the update the lines shift
Yearly Pivots shown on 1m - Daily timeframes
PIvots recalculate on every day
Monthly pivots show on 1m - 60m timeframes
Pivots recalculate every hour
Weekly pivots show on 1m - 15m timeframes
Pivots recalculate every 30m
There is a lot of code but it got the job done.
It would easy to interchange if you prefer different types of pivots
It would be easy to add an on/off if you dont want so many levels on your smaller time frames
If anyone can streamline it please do
Auto Fib Retracement with logarithmic ScaleThis is the same Original Pine Built-in Script announced in tradingview blog on 19-05-2020 ( "Auto Fib Retracement — the New Pine Indicator" ), but with the option to use on Logarithmic Scale.
Freedom FibThis script will allow to automatically draw levels on the chart for a potential pullback play like shown in this snapshot here
It will draw risk/reward levels upon your favorite ema (default is 13ema) as the price goes and it will work for both long or short scenarios for a potential trend continuation play.
You got the option to align your level to match exactly your selected ema or to be placed in between the first two levels (default settings) if you prefer.
I personally use this one settings for shorter time frames (up to 3min) and the aligned one for higher time frames.
Pivot Points Percentage Differences (W/ High & Low Indicators)This script is really handy for day trading. This works best on low time frames like the 1 minute or the 5 minute .
To understand what pivot points are you can add other pivot point indicators or just look at the color differences below since every-time that changes it's a new pivot point (which represents a known low or known high with high certainty)
The script shows the most recent percentage move up or down for the last known pivot point based on the pivot point setting data.
Pivot points are generated after 20 bars go by default, but you can set this to whatever you wish in the settings . Just click the gear icon for the script to set these.
You can also set how many bars back to look for what was the last highest percentage move (down or up). This will be important for your day trading strategy.
The idea to trading with this is pretty simple.
You look at the highest percentage moves that were made on pivots up or down and if you notice a current move that has trended down or up to the highest percentage, that makes that a safer bet for shorting or longing.
Of course, sometimes, things move greater or less than normal, so you would set stop losses accordingly.
Hope this helps with your day trading for finding good entry and exit points!
EXAMPLE TRADE SCENARIO
You notice the last high for the last 100 bars was 3% . The price recently rose 3% from a known pivot low. You can put a short on this. You noticed that the average price down was 2% , so if the price drops 2% or close to it you can exit your short and go LONG . You set a stop loss above what you put by an extra percentage to be safe.
I will do an experimental strategy version of this idea if people are interested.
Support and Resistance Multi Time frameSimple indicator showing the support and resistance on Daily, Weekly and Monthly time frames no matter what time frame you're currently on by highlighting the highest and lowest points on each over the last 34 bars.
Daily support and resistance are coloured green.
support and resistance are coloured yellow.
Monthly support and resistance are coloured red.
For best results check where multiple support and resistance areas line up and combine with another indicator for example oscillators to gauge if the support or resistance will reverse the market.
NSDT Auto Support / Resistance LevelsSimple script that automatically plots support and resistance lines based on the pivot points of the number of candles you choose to look back upon.
All options are editable.
Bitcoin Fibonacci Log RegressionThe "Zero Line" is the calculated logarithmic regression of Bitcoin over the last decade.
The rainbow above the Zero Line are the Fibonacci multiples from 0 --> 1 of the log regression (0.236, 0.382, etc.)
The rainbow below the Zero Line is identical, except that the multiples are negative (-0.236, -0.382, etc.)
For the first time ever, Bitcoin broke through the Zero Line (the natural regression) when it dumped on March 12-13. It looked at though the regression was invalidated when, in fact, it simply made an unprecedented move to a lower Fibonacci multiple.
Enjoy.
Donchian Trend RibbonHello Traders,
I think you all know Donchian Channels. so I am not going to write about it.
With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
- and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
- it changes the trend color of the ribbon.
-
Warning: Entry points may also represents trend reversal. So you should use stoploss line if you decide to take buy/sell positions.
P.S. I didn't backtest it, it's non-repainting, it should be used educational purposes only.
Published by user request. You may want to see following one:
Enjoy!
NSDT Daily Gap RangeSimple script that plots the range between the previous day close and the current day open. This makes it easier to reference the gap up or gap down zone throughout the day.
NSDT Scalping ChannelThis script uses the highs and lows of the candles (instead of the close) to make a "channel" to reference while scalping.
Use the green lower line as a guide to go long and the red upper line as a guide to go short. You may use the lines as potential entry points and direction but you may want to consider exiting before the opposite colored line prints, as that may be too late. As always, entries and exits are at the discretion of each trader.
You will need to adjust the "Line Spacing" settings as you change instruments, chart timeframes, and/or volatility increases/decreases.
Auto FibonacciA series of Fibonacci sequences using a variety of triggers to base highs and lows off.
High and low look back length can be altered, fibs and fib extensions can be shown or hidden and the background can be filled or transparent.
Dynamic Support and ResistanceSupport is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line.
Meanwhile, resistance zones arise due to selling interest when prices have increased.s their name implies, dynamic support and resistance levels change their level with each new price-tick.To draw dynamic support and resistance levels, traders usually use moving averages which are automatically drawn by your trading platform. The 200-day exponential moving average (EMA), 100-day EMA, and 20-30-40-50-day EMA are very popular dynamic support and resistance levels.also in some references Williams Fractal level used for dynamic support and resistance levels. and it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction.
