Learning to trade is complicated enough, so to make the process it little less daunting, I decided to create something helpful.
This indicator relieves you of drawing the same lines and levels over and over each trading day.
It also provides key price levels for you to watch when the trading session starts.
This project is inspired by the ICT 2022...
This indicator plots the OHLC of a previous HTF candle with an option to show the HTF candle too on the lower timeframe.
(uses latest pine script version 5)
Options:
1. Custom timeframe (requires a higher timeframe from current chart period)
2. Show or hide OC and/or LH lines of previous candle
3. Show or hide the candle at the beginning of the new...
You can use this indicator to detect the levels and trend.
I used the highest of the two last highest pivots and the lowest of the two last lowest pivots to calculate "max" and "min" or high level or low level.
I also calculate the average of the 4 values to reach the average line which could be a trend detector in higher lengths.
Default length is 3 but using...
This script automatically plots psychological levels based upon the price and features four settings for adjusting line quantity.
This could be improved by using lines instead of plots.
Pivot point std iazzu
In financial markets, a pivot point is a price level that is used by traders as a possible indicator of market movement. A pivot point is calculated as an average of significant prices from the performance of a market in the prior trading perio
This is a script with 7 EMAs for every type of trades. This indicator also has the daily weekly and monthly zones. 20,50,100,200 EMAs being the best EMAs of all.
Core Concepts
According to Jeff Greenblatt in his book "Breakthrough Strategies for Predicting Any Market", Fibonacci and Lucas sequences are observed repeated in the bar counts from local pivot highs/lows. They occur from high to high, low to high, high to low, or low to high. Essentially, this phenomenon is observed repeatedly from any pivot points on any time...
This indicator will automatically plot key horizontal levels.
The script will create a grid from highest to lowest price, dividing this price range into several steps.
It will then loop through each bar and save its cummulative price/volume into each steps.
The steps with the most significant prices/volume are finally plotted into key...
With the release of my indicator "TOTC - Trade outside the Channel" , the Pivot Fractal Chaos Channel used there has attracted significant interest.
Due to requests from some users, I am happy to publish the source code of the PFCC - although it is not "new" and has been implemented in many other scripts in one way or another. Some Examples:
Support and...
Automatically finds Higher Lows and Lower Highs, which are useful for identifying Continuation entries.
This is not a standalone indicator and is meant to be used alongside a COG indicator, such as @veryfid's Boom Hunter (COG Mode) or similar.
This script is based on Donchian channels.
It uses tree periods, 17, 72 and 305. You can also change it to 72, 305 and 1292.
The indicator calculates the channel and the 618 and 382 levels inside the channel.
If the price is above the level 618 then a support line apears indicating it with a light color.
if the price is under the level 382 then a resistance line...
Using the Bollinger Band to mark areas of Support and Resistance
The scrip finds the highest and lowest levels of the bands to mark up futures areas of interest.
If the High/Lows are being broken on the Bollinger band, or if the look back range has expired without finding new levels, the script will stop plotting them until new levels are found
I have found...
When trading, position sizing and risk calculation is the key to become successful.
We need to keep the losses small and adjust the position size according to what
risk we are prepared to take for the planned Entry.
Based on the Account Size and the max percentage we want to risk for any trade,
we calculate, for a number of fixed max Loss percentages:
- The...
The ORB with Price Targets Script will display the Opening Range (15 minutes of the open session by default) High and Low. It will then render upper and 2 lower Price Target Levels based on 50% and 100% profit targets of the Opening Range.
The opening range is customizable in the settings, where you can choose from 5 minute, 15 minute, or 30 minute Opening...
![US30USD: PFCC - Pivot Fractal Chaos Channel [Open Source]](https://s3.tradingview.com/u/udfAZ9cE_mid.png "PFCC - Pivot Fractal Chaos Channel [Open Source]")
