Custom GridIt's a simple little tool that enhances Tradingview's horizontal level grid. Set the range of up to 12 assets, you save your model, and the levels will show up automatically when you switch between graphs.
it is obvious to note that the market reacts on the round levels if it discovers its levels for a long time.
Where using notions of supports / resistances gives you level information once the level has been created, again you can correlate this indicator with other SMC and price action tools to identify areas of rejections or dips. institutional interventions.
Reversal
Liquidity mapLocate institutional daily, weekly, and monthly liquidity intervention zones in an innovative format that allows you to fractalize the degree of trend reversal opportunity across multiple lengths!
Far from the traditional formats to tell you "where's the high/low", we display with this map the grab levels relating to the amplitudes of the measured period.
You can check "show old levels" to backtest these potential fractal reversal areas.
Use the levels that interest you according to your working UT (scalping, intraweek, swing, etc.), or take all the elements into consideration for your trading management :
Confluence the information to optimize your entry and shelter your stop loss under strong levels rejections !
Default parameters are: display high/low weekly & monthly, display liquidities levels in daily.
ASTRE Buy/SellWe have designed one of the best buy /sell indicators ! based on our "Reversal score" indicator, a set of strict conditions based on dynamic divergences and fisher's transformation allows to trigger buy signals. The idea is that at a certain level of technical pressure from the indicator, the market has a high probability of changing direction !
(always with the objective of capturing the best top/bottom :) )
Did you miss your trade entry? No problem! The "Barcolor retest" feature allows you to identify a perfect entry on a retest once the structure has been confirmed after a signal:
Exemple on 30s chart :
Using advice :
Use an ATR-type stop loss, or shelter behind bollinger, a short, fixed distance in pips at a minimum below the last local high/low. Your stop loss must be tight and relevant!
For take profit, I recommend that you trail stop part of your position, exit on a contrary signal, or exit part of the position at 5:1 for example.
it is recommended to lower your risk for each identical consecutive signal: 3 buy signals in a row, take a risk for example of $100 on the first, $70 on the second, $40 on the third. The idea is not to be suffocated by the multiple bad signals within the framework of a bad time frame compared to the amplitude of the trend that we seek to take against the trend!
SOON: Easier configuration for 3 commas, backtests. Stay tuned !
astre_ts can in no way be held responsible if your trading account is liquidated after having followed a buy/sell signal and used a large leverage. The signals are reversals: so many are false before having a (very) good trade. Be sure to have strict risk management, or to use a complete strategy so that your results are faithful to the backtests.
Intraday rejection levels3 supports, 3 resistances and an equilibrium price per day displayed at 9am (GMT+2), calculated on the dynamic study of the market at its opening over a certain period that we could qualify as "first opening interventions"
Method: We are interested in the first reaction of the market when it discovers one of the levels.
The red and green zones (from levels R2 to R3) are the zones of rejections/daily overextensions with large RRs of which we will appreciate a rejection for the US opening (where the zones are more opaque, the Killzone!), because the session US is known to either accompany the London session or completely break the trend.
Equilibrium, on the other hand, is a retest zone that can be traded in several directions, ideal for capturing the first retracement / retest of a recently broken structure:
Activate "EL" to display an ideally early morning rejection area so levels can be scalped! They correspond to opportunistic areas above the high and below the low of a custom Asian session ignoring part of the London open - which I consider to be liquidity :):
FIRST SETUP: Confluence R1/R2 with the EL!
SECOND SETUP: The price does not frequent the R2/R3 zone during London but only during the killzone:
Anticipate rejection zones, put them in confluence to find the best opportunity!
Tips:
I'm only interested in the first reaction on these levels
You can measure the difference between R1 and EQ: on average on the EURUSD it must be 20 to 30 pips! Apart from these values, I deduce that the market is unbalanced: I lower my risk on my scalps and I am more cautious.
It is possible to use the previous day's levels to look for correlations
Ideally, the Asia range Custom should not take the high/low of the day before (see "LIquidity maps" indicator on our profile for optimal use)
As an option you can display the standard pivot, and activate the "crypto" mode to be able to use it on your favorite crypto :)
Reversal scoreDynamic divergence indicator on 3 indicators, without delays or repaints
Technological choices have been made so as not to lie to you about the signals, and so that the backtesting is perfectly faithful to reality. The market is analyzed and looks for a dynamic status of divergence on the Fisher transformation, the Money Flow Index and the MACD: if the status is "divergence", it is quantified by a divergence score to assess its potential and whose parameters are multiple (including market structure during divergence status).
At the top Reversal score, at the bottom the divergence indicator integrated in Tradingview. On this last candle, there will indeed be an RSI divergence but which will only be displayed 5 candles later, where ASTRE displays it to you in real time:
You will notice how certain spikes trigger sharp divergence – an anomaly between the movement of the price and that of the indicators is a good sign of an instant reversal, and in m2, a way to take a 2:1 TP in seconds:
Usage tip: Follow the signals in the direction of the main trend! They are much less numerous but very effective! :
Neo's %KIn my opinion the %K is the only part of the stochastic that you actually need. It's the fast RSI, so it responds much better to large price movements and reveals divergence a lot sooner than %D. The %D has no real confluence with the rest of my strategy so, I only use %K.
Horns Pattern Identifier [LuxAlgo]The following script detects regular and inverted horn patterns. Detected patterns are displayed alongside their respective confirmation and take profit levels derived from the pattern measure rule. Breakout of the confirmation levels are highlighted with labels.
This script is a continuation of the educational idea regarding horns patterns.
Settings
Threshold: Controls the maximum allowed slope of the line connecting two horns, with higher values allowing a higher slope.
Usage
Horn patterns are chart patterns introduced by Bulkowski in his book "Encyclopedia of Chart Patterns". We covered this pattern in the following post: Horn Tops & Bottoms Patterns - How To Find and Trade Them
The script allows the user to quickly determine the presence of a regular or inverted horn pattern, alongside automatically displaying the confirmation level and take profits associated with a detected pattern. These are calculated based on the rules described by Bulkowski.
Horn patterns are highlighted by a line connecting the horns, the dotted lines represent the confirmation level, once the price crosses this level a label will appear, either bullish or bearish depending on the detected pattern. The dashed line represents the take profit level.
Infiten's Price Percentage Oscillator Channel (PPOC Indicator)What is the script used for?
Infiten's Price Percentage Oscillator (PPOC Indicator) can be used as a contrarian indicator for volatile stocks and futures to indicate reversals, areas of support and resistance. For longer term trading, if the Short SMA or prices go above the High PPO Threshold line, it is a sign that the asset is overbought, whereas prices or the Short SMA going below the Low PPO Threshold line indicates that the asset is oversold.
What lines can be plotted?
Low PPO Thresh - Calculated as -PPO Threshold * Short MA + Long MA : Gives the price below which the PPO hits your lower threshold
High PPO Thresh - Calculated as PPO Threshold * Short MA + Long MA : Gives the price above which the PPO hits your upper threshold
MA PPO : Plots candles with the Low PPO Thresh as the low, High PPO Thresh as the high, Short MA as the open, and Long MA as the close.
Short SMA : plots the short simple moving average
Long SMA : plots the long simple moving average
Customizable Values :
Short MA Length : the number of bars back used to calculate the short moving average for a PPO
Long MA Length : the number of bars back used to calculate the long moving average for a PPO
PPO Threshold : the percent difference from the moving average expressed as a decimal (0.5 = 50%)
Recommendations:
Longer timeframes like 300 days are best with larger PPO Thresholds, I recommend using a PPO Threshold of 0.5 or higher. For shorter timeframes like 14 days I recommend setting smaller PPO Thresholds, like 0.3 or lower. I find that these values typically capture the most extremes in price action.
FaustFaust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT.
TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally.
Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small).
For TSV, the fattest plotted line is the divergence with the highest look-back period, and the thinnest line is the divergence with the shortest look-back period.
For PVT, the larger the circle, the higher the divergence look-back period.
For OBV, the larger the triangle, the higher the divergence look-back period.
RelicusRoad - Support and ResistanceWe bring you dynamically created fundamental support and resistance analysis required for any instrument a trader trades.
Support & Resistance Concept
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis . As part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction.
At first, the explanation and idea behind identifying these levels seem easy, but as you'll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears, this is where RelicusRoad - Support and Resistance comes in and draws them for you.
Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand.
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Support and resistance areas can be identified on charts using trendlines and moving averages.
[DMG] REVEREND v2REVEREND (RSI based Trend Reversal Indicator)
Info:
This is an RSI based convergence divergence (like MACD) indicator using SMAs or DEMAs for smoothing.
You can optionally filter the signals with the stochastic momentum indicator (SMI) levels or via simple overbought/oversold RSI levels.
Signals:
Purple is the Slow MA, Green is the Fast MA, Blue is the SMI (Momentum).
Buy and Sell signals are shown as circles (yellow on top sell, green on bottom buy)
The histogram is for easier differentiation (like macd) zero crossings creating the signals.
Usage:
Settings can never be perfect for any indicator, defaults should be good for BTC, ETH.
Sell signals should be taken with falling momentum, buys with rising momentum.
Watch out for false signals if Momentum is still rising while it prints a sell signal it is most likely false, you can filter these by using longer MAs but then it becomes more lagging.
A sufficiently fast fast-MA can be used for tracking RSI itself and since it also displays the stoch. momentum signal you can also check for divergences yourself or anticipate moves by their slope.
This is my main indicator for a year now and I wish I had followed it more ;) I additionally use EMAs, VWAP, Divergences and Volume Indicators, just remember price is king.
If you have questions or additional ideas I'd be happy to read them!
Good Luck! :D
wnG - Spikes IdentifierThis indicator, based on the ATR, allows you to identify the potential reversal on price and helps you identify the Support and Resistance.
When the price moves far away from the multiple moving average, the background color changes :
- Red for Short potential entry
- Green for Long potential entry
There are 2 ways to use this script :
- Conservative : Use it in your trading system to Take Profit ==> when the background turns red, close LONG position (and green = close short).
- Aggressive : As soon as the background turns red, enter SHORT (and green = long).
For aggressive use, I recommand you to couple this script with an oscillator to confirm the signals (RSI stochastic for example).
You can customize the sensibility with 4 levels :
- low probability of reversal
- medium probability of reversal
- high probability of reversal
- very high probability of reversal
PS : the "High" and "Very High" probability setup are the only one I'm using in my trading systems.
Genie (AB=CD Fibonacci Extensions and Peaks & Valleys)Our proprietary algorithm supports two types of Signals to choose from (and uses Matrices to keep track of the various waves): 'Fibonacci Extensions' where it spots extended waves (XABC) to predict AB=CD moves and puts the Take Profit levels accordingly to commonly used Fibonacci ratios; OR 'P&V' which stands for Peaks & Valleys (M and W) capturing full Peaks and Valleys formations to signal.
Signal Trigger for two types of positions: Breakout or Confirmation when price retraces back to them (so you wait for a candle to close away from price first to Trigger). The idea is whenever a proper Peak or Valley matching those conditions is printed, price usually reacts at those levels by doing a Reversal, so they represent potential entries .
For Confirmation signals, you want price to close away from the level first to then return to it, and that candle close is either a Close (only the close should be outside the level), Hard Close (OPEN and CLOSE outside the level) or Full Close (HIGH, OPEN, CLOSE, LOW all outside the level).
Note that the Signal is to be taken as soon as a Green or Red arrow appears (not before), based on your desired settings.
The Level of Entry is decided by the user; 'Extreme' means you want the algorithm to process based on the Wicks/Pins (Highs and Lows of candles) so while 'Body' means the Borders (Open and Close of candles). Based on this choice the Signal will change accordingly.
The indicator also provides recommended Take Profit levels as well as a Stop Loss levels. The Take Profits are measured based on the wave structure formation.
All features are configurable from the indicator's settings including setting Minimum Take Profit and Reward:Risk (RR) to filter Signals.
This indicator has Alerts for LONG and SHORT signals. You can create a new Alert, select the indicator from the "Condition" list and create it. You can create an Alert for each different timeframe if you want the indicator to monitor various timeframes and give you Alerts accordingly.
TheStrat Reversal IndicatorThis indicator shows TheStrat 2-2 and 2-1-2 reversal setups.
2-2 Setups: Identifies specific 2-2 reversal setups. Long 2-2 reversals are shown when there is a 2d-2d-2d green candle sequence. Short 2-2 reversals are shown when there is a 2u-2u-2u red candle sequence. Setups are marked with "2-2" and a green up triangle for long setups or a red down triangle for short setups.
2-1-2 Setups: Identifies any 2-1-2 reversal setup. Setups are marked with "2-1-2" and a green up triangle for long setups or a red down triangle for short setups.
Both setups will then show a flag indicator on the next live candle if they actually trigger.
An alert can be set that will trigger on any live setup. This alert will trigger as soon as the setup candle shows, and will not wait till that setup candle closes. This is to allow you to watch the setup complete live and then watch the trigger condition live as well. Alerts must be set for each time frame you wish to alert on.
All candles are marked with labels underneath to identify the candle type.
When there is a live setup forming there is also a R-multiple calculation shown to the right of the current candle. This R-multiple is calculated from the setup candle's high or low to the 1st target previous candle.
This indicator works on any time frame.
RSI MTF Ob+OsHello Traders,
This indicator use the same concept as my previous indicator "CCI MTF Ob+Os".
It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level.
It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.
There are options to select 1-5 timeframes to detect overbought and oversold.
Aqua Background is "Oversold" , looking for "Long".
Orange Background is "Overbought" , looking for "Short".
Have fun :)
CCI MTF Ob+OsHello Traders,
This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level.
It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.
There are options to select 1-5 timeframes to detect overbought and oversold.
Green Background is "Oversold" , looking for "Long".
Red Background is "Overbought" , looking for "Short".
Have fun :)
Fibonacci Progression with Breaks [LuxAlgo]This indicator highlights points where price significantly deviates from a central level. This deviation distance is determined by a user-set value or using a multiple of a period 200 Atr and is multiplied by successive values of the Fibonacci sequence.
Settings
Method: Distance method, options include "Manual" or "Atr"
Size: Distance in points if the selected method is "Manual" or Atr multiplier if the selected method is "Atr"
Sequence Length: Determines the maximum number of significant deviations allowed.
Usage
The indicator allows highlighting potential reversal points, but it can also determine trends using the central level, with an uptrend detected if the central level is higher than its previous value and vice versa for a downtrend.
When an uptrend is detected, and the price deviates significantly upward from it a first checkmark will be highlighted alongside the Fibonacci sequence used as a multiplier, if the price deviates downward, a cross will be shown instead, then the distance threshold will be multiplied by the next value in the Fibonacci sequence.
If the price deviates from the central level such that the length of the sequence is greater than the user set Sequence Length , a break label will be shown alongside a new central level with a value determined by the current closing price, while the Fibonacci multiplier will be reset to 1.
Upper and lower extremities made from the central level and threshold distance are highlighted and can be used as support and resistances.
K's Reversal Indicator IK's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. It is a contrarian indicator that depends on the following conditions:
• A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. At the same time, the previous MACD value must be below its previous signal line.
• A sell (short) signal is generated whenever the current market price is above the 100-period upper Bollinger band while simultaneously, the MACD value must be below its signal line. At the same time, the previous MACD value must be above its previous signal line.
The way to use K's reversal indicator is to combine it with your already long/short bias in a sideways/range market in order to maximize the probability of success.
Limitations of the indicator include the following:
• There are no clear exit rules that work well on average across the markets. Even though K’s reversal indicator gives contrarian signals, it does not show when to exit the positions.
• As with other indicators, it underperforms on some markets and is not to be used everywhere.
• False signals tend to occur during trending markets but there is no proven way to detect a false signal.
Esqvair's Neural Reversal Probability IndicatorIntroduction
Esqvair's Neural Reversal Probability Indicator is the indicator that shows probability of reversal.
Warning: This script should only be used on 1 minute chart.
How to use
When a signal appears (by default it is a green bar), a reversal should be expected.
The signal appears when the indicator value >= Threshold.
If you want more signals, you must lower the threshold, if less, you must increase the threshold.
For some assets, like Forex pairs, you have to optimize the threshold yourself, but for most stocks, the default threshold works well.
How well a threshold fits an asset depends on the volatility of the asset.
For most assets, the indicator ranges from 35 to 75.
Settings
Smoothing - The default is 1, which means no smoothing. Indicator smoothing by SMA.
Threshold - default 71.0 is responsible for the occurrence of signals, read "How to use" part to learn more
The Indicator
This indicator is a pre-trained neural network that was trained outside of TradingView and then its structure and weights values were converted to PineScript.
Warning: A neural network is a black box in the sense that although it can approximate any function, studying its structure will not give you any idea about the structure of the function being approximated.
Possible questions
Why does the indicator value most time range from 35 to 75 when the probability should ranges from 0 to 100?
-Due to some randomness in the markets, a neural network can never be 100% sure.
What data was used to train the neural network?
-This was BTCUSD 1 minute chart data from 02/05/2020 to 02/05/2022.
Where did you train the neural network and convert it to PineScript?
-I used a programming language that I know.
Wick Pressure by SiddWolfMultiple Wicks forming at OverSold & OverBought levels create Buying and Selling Pressure. This Script tries to capture the essence of the buy and sell pressure created by those wicks. Wick pressure shows that the trend is Exhausted.
How it works:
This Wick Pressure Indicator checks for three candles forming the wicks in overbought and oversold zones. The zones are set by RSI and can be changed in settings. Those three candles should form a bit long wick and length of the wick is determined by ATR. The ATR multiple can be changed from settings. And then the script draws a box in the area formed by three candle wicks.
Confluence:
This indicator should not be used on its own. You should include it in your existing trading strategy. Any indicator should be rigorously tested before making any real trades.
Settings is the Key:
Settings are key to all of my indicators. Play around with it a bit. Change the ATR multiplier. Read the tooltips to understand what each settings mean. Tooltips are the (i) button in-front of each settings.
FAQs:
Q. Does the indicator Repaint ?
--- No. None of my indicators repaints. What you see now is what's drawn in real time.
Q. Indicator doesn't show anything ?
--- Maybe you've messed up the settings so reset it. or try different coin/stock.
Q. Does this indicator give financial advice?
--- No. Nope. Nein. Não. नहीं.
Conclusion:
This indicator is very basic but if used correctly it can be very powerful. Hit me up if you'd like to see the screener/scanner for this or any of my indicators. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you.
~ SiddWolf
Trending Bollinger Bands by SiddWolfBollinger Bands are mostly used for trend reversal. I believe they should be used for Trend Continuation and Trend Confirmation.
In this Trending Bollinger Bands script you will see two bands drawn on chart. The Upper band is suggestive of Uptrend and Lower Band is suggestive of Downtrend Market. It just provides the guidance of where the market is now and where it is headed. It is not to be used as a standalone indicator. Use this to confirm your hypothesis of Uptrend or Downtrend.
Bollinger Bands Trend
When the price crosses the moving average it is interpreted as the price is gonna continue in that direction. But most of the time it is a fake breakout. With this script you get an additional confirmation so that you know it is not a fake breakout and the price have caught the trend.
Bollinger Bands Reversal:
This indicator can also work for reversal. For example when price closes outside the outer bands, it is most likely that the trend is gonna reverse. Don't just enter the trade wait for some other confirmation as reversal trading is more complicated.
Confluence:
Confluence is the key factor for profitable trading. Don't use this indicator as standalone indicator instead combine it with other indicators and price action. Like the divergence occurring when the price is outside the bands is suggestive of trend reversal. I have created a non-delay, non-repaint indicator for finding divergence. I'd soon publish that script. Stay tuned.
Settings is the Key:
Try to play around with the settings. It is a simple yet effective indicator. Change the moving average type or length. I've found moving average RMA or WMA works better than SMA. Find the best setting that works with your setup. Set the Band Source as High/Low to make the outer bands more extreme.
Conclusion:
This is my first script but it isn't my last. I've created quite a few gems that I'm gonna publish soon. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you.
Distance from Vwap// How it Works \\
Measuring the distance of the close price from a higher timeframe VWAP - Volume Weighted Average Price
There is a threshold which is calculated by looking back at the previous x amount of bars and storing the highest/lowest values
If the distance from the vwap stretches above that threshold, the histogram will go green if price is above VWAP and red if its below the vwap
If the distance from the vwap reaches below the low threshold you will see the histogram flashes orange
// Settings \\
In the settings you have the ability to change what timeframe the indicator is calculated on, as well as this you can change the timeframe the VWAP is calculated on.
I always recommend using a higher timeframe vwap as they tend to me more respected
e.g on the hourly timeframe, I use the weekly VWAP, on 1 minute timeframe you may want to use 4 hour timeframe but obviously feel free to experiment
// Use Case \\
When histogram is flashing green, prices is pulling far away from the vwap, obviously you don't want to be buying a falling knife but if you have levels of confluence this can help spot reversals.
I personally wait until the first candle after its been green to get confirmation of the fall weakening. Vica versa for reds and shorts/sells.
When you see orange flashes, this shows that price has been consolidating and the price is very close to the higher time frame VWAP which could be considered a safe entry point as they tend to lead to a big move to follow
// Suggestions \\
Happy for anyone to make any suggestions on changes which could improve the script,
// Terms \\
Feel free to use the script, If you do use the script could you please just tag me as I am interested to see how people are using it. Good Luck!
Pivot Order Blocks// How it Works \\
Order Blocks based on pivot reversal candle
When a pivot High or Pivot Low is found and confirmed, a box will be plotted on the open and close values of that pivot candle
// Settings \\
In the settings you have the ability to change the distances required to confirm an pivot High or Low
These are the lengths where the script checks to see if it is at its local high or low.
You also have the ability to change the amount of candles the box stretches over as well as the colors of the bullish and bearish boxes
// Use Case \\
Pivot points often provide Support and Resistance points on their own,
one way of marking up order blocks is by taking the pivot candle and marking that up as a resistance area where you could be looking for price to reverse
// Suggestions \\
Happy for anyone to make any suggestions on changes which could improve the script,
// Terms \\
Feel free to use the script, If you do use the script could you please just tag me as I am interested to see how people are using it. Good Luck!
