Price Action (ValueRay)With this indicator, you gain access to up to 5 moving averages from a selection of 15 different types. This flexibility allows you to customize your trading strategy based on your preferences and market conditions. Whether you're a fan of simple moving averages, exponential moving averages, or weighted moving averages, our indicator has got you covered! Additionally, all the MAs are Multi-Time-Frame!
The indicator also provides trading signals. By analyzing market trends and price movements, it generates accurate buy and sell signals, providing you with clear entry and exit points. You can choose between Fast, Mid, and Slow signal speeds.
Trendlines are another crucial aspect of effective trading, and our indicator seamlessly integrates them, helping you visualize the market's direction.
Furthermore, the indicator empowers you with recent highs and lows. By highlighting these key levels, it becomes easier than ever to spot support and resistance areas, aiding you in making well-informed trading choices.
Additionally, you can switch the ADR% (Average Daily Range as a Percentage) on and off. This number instantly provides you with information on how much the stock usually moves per day as a percentage.
Key Features:
Up to 5 Moving Averages, each with its own timeframe.
SMA, EMA, WMA, RMA, Triangular, Volume Weighted, Elastic Volume Weighted, Least Squares, ZLEMA, Hull, Double EMA, Triple EMA, T3, ALMA, KAMA (more to come in future versions).
Recent High and Low Pivot Points acting as support/resistance.
Trendline indicating the current trend.
Buy/Sell Signals (recommended for use as exit points, stop loss, or take profit levels).
Signals can have three different speeds: Fast, Mid, and Slow. You can switch them anytime depending on how quickly or slowly you want to exit a trade.
The predefined colors are best suited for a dark background, and the predefined settings provide a solid starting point that many traders use in their daily work.
Unlock the full potential of your trading strategy with our comprehensive indicator and start making informed trading decisions today!
In den Scripts nach "support resistance" suchen
Liquidity Hunter - FattyTradesThis indicator is used to automatically identify and plot two forms of liquidity that will be targeted by market makers.
The first form of liquidity is based on multi-time fame highs and lows. It plots 1H, 4H, D, W, & M liquidity on an intraday chart to make it easier to identify. I believe hat liquidity is what drives the market and the most common form of this liquidity can be identified through higher time frame highs and lows. You can use whatever method you prefer to determine which liquidity pool will be targeted. When the liquidity is purged, it will be shown as dotted lines. This should not be used as traditional support/resistance, but rather as targets for the market.
The second form of liquidity is in the form of imbalances or fair value gaps. You can select a higher time frame to be plotted along with the current time frame you're viewing to identify imbalances that will likely be targeted intraday. We know that higher time frame fair value gaps work equally well as targets for market makers. When a higher time frame FVG is broken into, it can also act as a very powerful form of support and resistance. By default, when a fair value gap has been mitigated it will be removed from the chart, however this can be disabled.
Between these two forms of market maker liquidity targets on the chart, it will be easier to formulate a thesis intraday to determine where the market will move. It can help minimize the amount of switching between higher time frames that needs to be done, allowing you to identify targets while trading on your favorite intraday time frame for optimal risk/reward.
In the near future, I will build in alerting mechanism to alert when liquidity on higher time frames as been purged/mitigated.
Price Action in action
What?
Price Action in Action is an indicator to help Price Action learners and practitioners to get everything related for Price Action in one place.
Price Action is:
Price + Volume = Action
In this indicator, we have the following features available:
Support/Resistance
Using the RSI with different periods in a multiple of 7 (7, 14, 21, 28), we first determine the overbought (above 70, customizable) and oversold (below 30, customizable) regions. Then we pick up the highest point and lowest point in the RSI values in the overbought and oversold regions, respectively. These are the point, historically supply/demand emerged for surety to push down/up the RSI indicator and the corresponding price. So, these are the most accurate way, we believe, to draw support/resistance (or demand/supply) in the chart. By default, the Support is green color and Resistance is red color. To give a visual representation, we differentiate the different shades of green and red. For example, for Level-1 (i.e. 7 by default) we use the darkest shade (0 transparency) and Level-4 (i.e. 28 by default) we use lighter shade (60 transparency). Note please: you can customize the color of support and resistance lines (say if you want resistance as green and support as red). The respective shades (transparency) will be automatically adjusted accordingly. But those shade (transparency) levels are not customizable, they are fixed (please bear with it for version-1 at least).
Strength of Support/Resistance
In the chart above/below the Resistance / Support lines you can see the tiny labels with some numbers like 1, 2.
We found out how many times a particular support/resistance is appearing across multiple RSI periods. E.g. if price P1 appears 2 times among 4 different RSI periods, the number will be 2 for that calculation, and so on.
There can be multiple presence of these numbers in a support/resistance line (i.e. multiple tiny labels). Something like: 1, 1, 2 (into different candles). This means the same support/resistance is tested so many times in different occasion (means there is a RSI max/min coincides in this level over multiple occasions) at different candles.
This will help you to intuitionally gauge the “strength” of a support/resistance line.
The more the marrier, unworthy to mention.
Candle Stick Patterns
Well: we don’t need to tell anything about the Candlestick. All of you know it better than us. And it’s a time proven, zero-lag mechanism to judge the Price-Action is unfolding in the market. We do not know if there is anything better possible than this time tested patterns to judge the prevailing sentiments of market.
Price-Action does not complete without finding out the Candlestick Patterns correctly.
And in this indicator your will get all of these: Single Candle such as Doji (default off), Marubozu, Spinner, hammers, inverted-hammer etc. ; 2 candles like Tweezer, Inside Candle, Engulfing; 3 candles like morning star/evening star.
In the multi candle patterns (2/3 candles), we are grouping the candles with a dotted rectangle such that it is clear which 2/3 candles are part of the pattern. E.g. Morning Star: 3 candles are grouped in a dotted rectangle and the Morning Star label will come to the latest candle (3rd most – as the pattern is detected reliably only on the completion of the 3rd final candle).
Of course, any program can not eliminate your trained eyes and brain to capture the patterns. But we have provided sufficient knobs to adjust various parameters to tweak the candle-pattern detection. Such as Strict Inside Candle(Harami) Boolean knob where the whole current candle including wicks will be inside the body part of the previous big candle. For non-strict mode, the current candle just inside the previous candle, possibly by wicks.
To make it better usable, for every such knobs (which are not obvious) we have added user-friendly tooltip (just mouse hover the question mark (?) besides the control/switch). There are plenty of it.
Volume
Here we have a rudimentary (yet effective) way to judge the volumes.
We find out the Volume Weighted Moving Average (VMWA) of the 20-period (default, but customizable) and the latest volume. If the latest volume is more than the 20 period vwma, we just add a grey diamond on the top of the candle to denote it’s attracting volumes. Of course, we provide a Weight coefficient (default is set to 1). So if the current bar’s volume on bar’s completion is more than the 20 period volume vmwa times the weigh-cofficient, we mark it with a tiny grey diamond.
Points to be noted:
In all places we mark the indication only on the completion of the bar (technically speaking we have checks, as far as possible, with barstate.isconfirmed). However, if you wish, you can turn it off for Candlestick (as some experts may want to check candlestick on the real time, even before the closing of bars).
In case if you see the chart looks cluttered (because of many information, specially in smaller timeframes like 5 min), there are controls given in the settings to toggle each and every features.
By default, we turn off Doji candles (all 3 types of Doji’s – normal, Gravestone & Dragonfly) as they are mainly indecision. However, you can toggle it to turn it on.
It does not give you any Buy/Sell call. The interpretation it does not have.
Why?
What’s unique in it?
As we already mentioned our intention is to include Price (in forms of Support / Resistance), Volume and Action (sentiments in terms of Candlestick patterns) into a single place. And so far, to the best of our knowledge, we could not come across a single indicator provides all of these.
There were works available to determine the RSI based support / resistance zones. Those are great piece works at that time (lets say 3 years back when PineScript was in earlier versions). To the best of our knowledge those does not cover up finding out the lowest / highest point of RSI and the corresponding price to get the simplistic and distinct support/resistance lines.
We have the intuitive support/resistance strength included which we could not found out in current set of available indicators.
To the best of our knowledge, there seems no indicator can detect 3-candle patterns which are extremely popular to detect trend reversals (such as Morning Star or Evening Star). Moreover for the multi-candle patterns we are grouping the candles part of the pattens (2-candles or 3-candles) using a dotted rectangle such that it’s visually clearly (and a well educative material for Price-Action learners also).
Mentions:
There are many works which inspire us along the way. Honestly: we sometimes forgot which all indicators we experimented with. We are sincerely apologetic in case we forgot to mention. A few note-worthy:
There is an indicator from user “repo32” named as “Candlestick Patterns Identified (updated 3/11/15)”. (We could not be able to contact “repo32”). We are inspired from his work that it’s feasible to detect Candlestick patterns.
There is an awesome work done by “RSI Based Automatic Demand and Supply” by user “shtcoinr”. The idea of consulting multiple RSI levels to find out the demand/supply zone we inspired from him. (We did contact “shtcoinr” and got his kind permission to use the concept.)
We are greatly thankful to these abovementioned wizards for their pioneering a-prior work in this front.
And of course, this TradingView platform to provide this abstraction, facilitates and felicitates collaborative contributions.
Ultimately, what’s for you?
That’s the main question. What’s for you?
Price-action comprises of following 3 tasks (at least):
Draw support/resistance lines in the chart.
Once price reaches at the support/resistance line, you fervently look out the candles’ formation to mentally map to the candle patterns. Your aim is divine: You want to judge if the price-action will continue or take a rejection/reversal.
Then you double-confirm with the volume (in a non-overlaid chart below).
Finally take a trade.
For a price-action newbie or seasoned, expert practitioner, you must be doing all the above tasks regularly and manually, in a mechanical, mundane way. There come the humanly subjectivity & the inevitable emotions . This indicator, being a piece of program/code in PineScript latest version v5 , eliminates (or at least, reduces to a great extend) that subjectivity & emotions out of the way of decision making . Thus resulting better yield.
Of course, you can argue that you draw slanted trend lines also. We recommend an already existing indicator by user LuxAlgo named as “Trendlines with Breaks ”, if you wish so.
Disclaimer:
This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time.
We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Happy trading.
Fibonacci Grid [LuxAlgo]The following indicator returns multiple diagonal lines forming a grid. Each line has 45-degree and is set depending on Fibonacci ratios as well as the maximum and minimum price value over a certain lookback period. These can be used as potential support and resistance.
Users also have the option to set equidistant lines instead of having them determined by Fibonacci ratios.
Settings
Length: Lookback period for determining the maximum/minimum price value used for constructing the grid.
Resolution: Grid resolution, higher values will return more lines (only available when the "Use Fibonacci Ratios" is disabled)
Use Fibonacci Ratios: Set the lines based on Fibonacci Ratios, 6 ratios are used.
Usage
Each individual diagonal line can be used as support/resistance. Two Diagonal lines form channels where the price might evolve until a breakout.
The underlying logic of this grid determined by Fibonacci ratios is that price variations farther away from the main diagonals (in orange) would tend to move inside tighter channels.
Diagonals set using Fibonacci Ratios will form tighter channels when away from the center of the Lookback area. While equidistant lines will keep the same distance between each line.
Horizontal line for Market open price by NB(ENG)
Since meaningful movements starts based on the first bar of the market's opening time
(usually GMT + 0), this indicator is creat to be used as a tool to use it as support and resistance.
Look at the bar of just 15 minutes passed after market opened, and when the bar closed with positive candlestick then
draw horizontal line at high price, when the bar closed negative candlestick then draw horizontal line at low price.
I use diffrent colors to help visualization.
If you look these at from a distance, you can see sections that are tightly entangled and sections those are not.
This makes it possible to distinguish between strong and weak support/resistance sections.
For convenience, I put only color and transparency adjustments. No future upgrades are planned.
Thanks to ADOL_ for this great idea, and also to Bjorn Mistiaen for helping me to make the source code.
(KOR)
마켓의 오픈 시간(보통 GMT 0시)에 첫 바를 기준으로 의미 있는 움직임이 시작되기에
이를 지지와 저항으로 활용하는 도구로 쓰기 위하여 만든 지표입니다.
GMT 0시 15분 봉 마감 기준으로, 양봉이면 그 양봉의 고점을 이어 가로줄을 긋고,
음봉이면 저점을 이어 가로줄을 긋습니다. 서로 색을 달리하여 시각화를 돕습니다.
이를 멀리서 보면 촘촘히 얽힌 구간이 나오고 그렇지 않은 구간이 나옵니다.
이를 통해 지지/저항이 강한 구간과 약한 구간을 구별할 수가 있습니다.
편의를 돕기 위해 색과 투명도 조절까지만 넣어 놓았습니다.
추후 업그레이드는 예정되어 있지 않습니다.
이 대단한 아이디어를 주신 ADOL_에게 감사드리며,
소스 코드를 만들게 해주신 Bjorn Mistiaen에게도 감사를 드립니다.
On Chart Anticipated Moving Average Crossover IndicatorIntroducing the on chart moving average crossover indicator.
This is my On Chart Pinescript implementation of the Anticipated Simple Moving Average Crossover idea.
This indicator plots 6 user defined moving averages.
It also plots the 5 price levels required on the next close to cross a user selected moving average with the 5 other user defined moving averages
It also gives signals of anticipated moving average crosses as arrows on chart and also as tradingview alerts with a very high degree of accuracy
Much respect to the creator of the original idea Mr. Dimitris Tsokakis
Moving Averages
A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier.
Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions.
Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s).
While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals.
Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days).
Trading Strategies — Moving Average Crossovers
Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance.
The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend.
Another strategy is to apply two moving averages to a chart: one longer and one shorter.
When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross."
Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross."
MA and MA Cross Strategy Disadvantages
Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature.
Moving averages are always based on historical data and simply show the average price over a certain time period.
Therefore, results using moving averages can be quite random.
At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect.
One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals.
When this occurs, it's best to step aside or utilize another indicator to help clarify the trend.
The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades.
Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
Anticipated Simple Moving Average Crossover IndicatorIntroducing the Anticipated Simple Moving Average Crossover Indicator
This is my Pinescript implementation of the Anticipated Simple Moving Average Crossover Indicator
Much respect to the original creator of this idea Dimitris Tsokakis
This indicator removes one bar of lag from simple moving average crossover signals with a high degree of accuracy to give a slight but very real edge.
Moving Averages
A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier.
Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions.
Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s).
While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals.
Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days).
Trading Strategies — Moving Average Crossovers
Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance.
The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend.
Another strategy is to apply two moving averages to a chart: one longer and one shorter.
When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross."
Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross."
MA and MA Cross Strategy Disadvantages
Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature.
Moving averages are always based on historical data and simply show the average price over a certain time period.
Therefore, results using moving averages can be quite random.
At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect.
One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals.
When this occurs, it's best to step aside or utilize another indicator to help clarify the trend.
The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades.
Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
Trend Regularity Adaptive Moving Average [LuxAlgo]The following moving average adapt to the average number of highest high/lowest low made over a specific period, thus adapting to trend strength. Interesting results can be obtained when using the moving average in a MA crossover system or as a trailing support/resistance.
Settings
Length : Period of the indicator, with higher values returning smoother results.
Src : Source input of the indicator.
Usage
The trend regularity adaptive moving average (TRAMA) can be used like most moving averages, with the advantage of being smoother during ranging markets.
Notice how the moving closer to the price the longer a trend last, such effect can be practical to have early entry points when using the moving average in a MA crossover system, such effect is due to the increasing number of average highest high/lowest low made during longer trends. Note that in the case of a significant uptrend followed by a downtrend, the moving average might penalize the start of the downtrend (and vice versa).
The moving average can also act as an interesting trailing support/resistance.
Details
The moving average is calculated using exponential averaging, using as smoothing factor the squared simple moving average of the number of highest high/lowest low previously made, highest high/lowest low are calculated using rolling maximums/minimums.
Using higher values of length will return fewer highest high/lowest low which explains why the moving average is smoother for higher length values. Squaring allows the moving average to penalize lower values, thus appearing more stationary during ranging markets, it also allows to have some consistency regarding the length setting.
🧙 this moving average would not be possible without the existence of corn syrup 🦎
Fibonacci Moving AverageFibonacci extensions on a moving average. Useful for finding potential levels of support and resistance. Look for confluence with horizontal support/resistance and momentum oscillators.
Pivot S/RThis support/resistance indicator draws a horizontal line at historical Daily swing points.
I've found this to be a very accurate indicator for determining current levels of support and resistance. Double lines and clusters of lines provide particularly strong levels.
Most of the settings are changeable.
Price Trendlines + Break Signals█ OVERVIEW
The "Price Trendlines + Break Signals" indicator is a technical analysis tool that automatically draws trendlines based on price pivot points and detects breakout signals. Designed for traders seeking precise market signals, the indicator identifies key pivot points, draws trendlines (resistance and support), and generates breakout signals with background highlighting. It offers flexible settings and alerts for breakout signals.
█ CONCEPTS
The indicator was created to provide traders with an alternative source of signals based on trendlines. Breakouts and bounces from trendlines can signal a trend change or the end of a correction. Combining these signals with other technical analysis tools can form the basis for building diverse trading strategies.
█ FEATURES
-Pivot Point Calculation: The indicator identifies pivot points (pivot high and pivot low) based on the closing price, with configurable left and right bars for pivot detection. Setting a higher number of bars results in fewer but more significant trendlines, with a delay corresponding to the specified length. Lower values generate more trendlines, but they are less significant. Crossovers are signaled only after the trendline is drawn, so sometimes no signals appear on crossed trendlines—this indicates the price passed through the line before it was detected.
- Trendlines: Draws trendlines connecting price pivot points—upper lines for downtrends (resistance) and lower lines for uptrends (support). Lines can be extended by a specified number of bars (default: 50).
- Tolerance Margin: Trendlines are widened by a tolerance margin, calculated using the average candle body size over a specified period and its multiplier. Reducing the multiplier to zero leaves only the trendline without a margin. Breaking this zone is a condition for generating signals.
- Breakout Signals: Generates signals when the price breaks through a trendline (bullish for upper lines, bearish for lower lines), with background highlighting for signal confirmation.
Alerts: Built-in alerts for:
- Upper trendline breakout (bullish signal).
- Lower trendline breakout (bearish signal).
Customization: Allows adjustment of pivot parameters, trendline extension length, tolerance margin, line colors, fills, and signal background transparency.
█ HOW TO USE
Adding the Indicator: Add the indicator to your TradingView chart via the Pine Editor or Indicators menu.
Configuring Settings:
- Left Bars for Pivot: Number of bars back for detecting pivots (default: 10).
- Right Bars for Pivot: Number of bars forward to confirm pivots (default: 10).
- Extend past 2nd pivot: Number of bars to extend the trendline after the second pivot (default: 50, 0 = no extension).
- Average Body Periods: Period for calculating the average candle body size used for the tolerance margin (default: 100).
- Tolerance Multiplier: Multiplier for the tolerance margin based on the average candle body size (default: 1.0).
Colors and Style:
- Upper trendline (resistance): default red.
- Lower trendline (support): default green.
- Line fills: colors with transparency (default 70).
- Signal background: green for bullish signals, red for bearish signals (default transparency 85).
Interpreting Signals:
- Trendlines: Upper lines (red) indicate a downtrend, lower lines (green) indicate an uptrend. Signals appear after a trendline breakout with the tolerance margin. Each trendline generates only one breakout signal, though it may still act as resistance or support for the price.
- Breakout Signals: Green background indicates an upper trendline breakout (bullish), red background indicates a lower trendline breakout (bearish).
- Alerts: Set up alerts in TradingView for trendline breakout signals.
Combining with Other Tools: Use with support/resistance levels, Fibonacci levels, RSI, pivot points, or FVG (Fair Value Gap) for signal confirmation.
█ APPLICATIONS
The "Price Trendlines + Break Signals" indicator is designed to identify trends and potential reversal points, supporting both trend-following and contrarian strategies:
- Trend Confirmation: Trendlines indicate the direction of the price trend, and bounces from them may signal the end of a correction.
- Reversal Strategies: Breakout signals can be used as cues to enter positions in anticipation of a trend change or correction.
- Noise Filtering: The tolerance margin reduces false signals, enhancing reliability.
█ NOTES
- Trendline crossovers are signaled only after the trendline is drawn, so sometimes no signals appear on crossed trendlines—this indicates the price passed through the line before it was detected.
- Each trendline generates only one breakout signal, though it may still act as a level of support or resistance for the price.
- Setting a higher number of bars for pivots results in fewer but more significant trendlines, with a delay corresponding to the specified length. Lower values generate more trendlines, but they are less significant.
- Adjust settings (e.g., number of bars for pivots, tolerance multiplier) to suit your trading style and timeframe.
- Combine with other technical analysis tools, such as RSI, pivot points, or FVG, to enhance signal accuracy.
- For high-volatility markets, consider increasing the tolerance margin to reduce false signals.
Bull Market Support Band (20W SMA + 21W EMA)🟩 Bull Market Support Band (20W SMA + 21W EMA)
OVERVIEW
The Bull Market Support Band is a long-term trend indicator that combines the 20-week SMA and 21-week EMA.
When price is above the band → bullish trend.
When below → bearish trend.
When within → neutral or transition phase.
This v6 version adds full customization, dynamic coloring, event labels, candle coloring, and a configurable on-chart legend table with trend arrows.
HOW IT WORKS
Calculates the 20W SMA and 21W EMA from a user-selectable higher timeframe (weekly by default).
Plots both averages and shades the area between them to form the support band.
The fill and line colors change automatically based on the market phase:
🟩 Green = Bullish (price above)
🟥 Red = Bearish (price below)
⬜ Gray = Neutral (price within).
Labels appear only when the trend state changes.
Alerts trigger when price crosses the band or either moving average.
Optional candle coloring applies the same bull/bear/neutral logic to price bars.
A convenience legend table displays current 20W SMA and 21W EMA values, along with slope arrows (^, v, =).
INCLUDED FEATURES
Configurable calculation timeframe.
Automatic band fill and line coloring.
Optional candle coloring overlay.
Compact or detailed regime-change labels.
ATR-based label offset and spacing control.
Customizable legend table with background color.
Horizontal or vertical legend layout.
Custom arrow characters (ASCII or Unicode).
Built-in alerts for band and MA crosses.
Optimized for higher-timeframe accuracy using request.security().
USAGE TIPS
Keep the default weekly setting for macro trend context.
On lower chart timeframes, use the band as higher-level support/resistance.
Combine with momentum or volume indicators (RSI, MACD, OBV) for confirmation.
Adjust ATR multiplier to move labels further from price candles.
Increase “Min bars between labels” to reduce visual clutter.
Disable auto-coloring if you prefer a static color theme.
Toggle compact legend or switch between horizontal/vertical layouts for best fit.
INTERPRETATION GUIDE
🟩 Bullish: Price above the band → trend continuation likely.
⬜ Neutral: Price within the band → consolidation or potential reversal zone.
🟥 Bearish: Price below the band → downtrend continuation or distribution.
Sustained closes above or below the band typically align with major market cycle shifts.
NOTES
Uses request.security() for higher-timeframe precision — accurate even on smaller charts.
The legend table is screen-anchored and remains fixed as you pan or zoom.
Plots and labels are price-anchored and move with candles.
Lightweight and efficient for all markets and intervals.
CREDITS
Original concept: The Bull Market Support Band (popularized in crypto analysis).
Enhanced Pine Script v6 version: Ricco .
Modernized for clarity, flexibility, and multi-timeframe accuracy.
SUMMARY
A modern, customizable Bull Market Support Band indicator highlighting long-term market regimes with clean visuals, color logic, and convenience features.
Designed for traders seeking macro clarity, minimal clutter, and professional presentation.
Institutional Activity DetectorInstitutional Activity Detector - Complete Tutorial
Table of Contents
Installation
Understanding the Indicator
Signal Interpretation
Settings Configuration
Trading Strategies
Best Practices
Common Mistakes to Avoid
1. Installation {#installation}
Step-by-Step Setup:
Step 1: Access TradingView
Go to TradingView.com
Log in to your account (free account works fine)
Step 2: Open Pine Editor
Click on "Pine Editor" at the bottom of the chart
If you don't see it, go to the top menu and select "Pine Editor"
Step 3: Add the Script
Click "New" to create a new indicator
Delete any default code
Copy the entire Institutional Activity Detector code
Paste it into the editor
Step 4: Save and Apply
Click "Save" (give it a name like "Inst Detector")
Click "Add to Chart"
The indicator will now appear on your chart
2. Understanding the Indicator {#understanding}
What It Detects:
This indicator identifies institutional traders (banks, hedge funds, market makers) by analyzing:
Volume Analysis
Detects unusual volume spikes that indicate large players entering
Compares current volume to 20-period average
Institutional trades create volume 2-5x normal levels
Order Flow
Delta: Difference between buying and selling volume
Positive delta = More buying pressure
Negative delta = More selling pressure
Institutions leave "footprints" in order flow
Price Action Patterns
Bullish Rejection Wicks:
| <- Small upper wick
|
███ <- Small body
███
|
|
| <- Large lower wick (rejection)
Indicates institutions bought aggressively at lower prices
Bearish Rejection Wicks:
|
|
| <- Large upper wick (rejection)
|
███ <- Small body
███
| <- Small lower wick
Indicates institutions sold aggressively at higher prices
Liquidity Grabs
Institutions often:
Push price above resistance or below support
Trigger stop losses (grab liquidity)
Reverse direction and trade the other way
Dark Pool Activity
Large block trades executed off-exchange:
High volume with minimal price movement
Indicates institutional accumulation/distribution without moving price
3. Signal Interpretation {#signals}
Signal Types:
🟢 INSTITUTIONAL BUY Signal
Appears as green triangle below candle with strength number (2-5)
What it means:
Institutions are actively accumulating (buying)
Higher strength = More confirmation factors
Strength Levels:
2-3: Moderate confidence - Wait for confirmation
4: High confidence - Strong institutional interest
5: Maximum confidence - Multiple factors aligned
🔴 INSTITUTIONAL SELL Signal
Appears as red triangle above candle with strength number (2-5)
What it means:
Institutions are actively distributing (selling)
Higher strength = More confirmation factors
🟠 Dark Pool (DP) Marker
Small orange diamond
What it means:
Large block trade executed
Accumulation/distribution happening quietly
Often precedes significant moves
Liquidity Zones
Red boxes above price = Resistance/sell liquidity
Green boxes below price = Support/buy liquidity
Institutions target these zones to trigger stops
4. Settings Configuration {#settings}
Recommended Settings by Asset Type:
For Stocks (SPY, AAPL, TSLA):
Volume Spike Multiplier: 2.0
Volume Average Period: 20
Delta Threshold: 70%
Minimum Signal Strength: 3
Timeframe: 5m, 15m, 1H
For Forex (EUR/USD, GBP/USD):
Volume Spike Multiplier: 1.5
Volume Average Period: 30
Delta Threshold: 65%
Minimum Signal Strength: 3
Timeframe: 15m, 1H, 4H
For Crypto (BTC, ETH):
Volume Spike Multiplier: 2.5
Volume Average Period: 20
Delta Threshold: 70%
Minimum Signal Strength: 4
Timeframe: 15m, 1H, 4H
For Futures (ES, NQ):
Volume Spike Multiplier: 2.0
Volume Average Period: 20
Delta Threshold: 75%
Minimum Signal Strength: 3
Timeframe: 5m, 15m, 30m
Parameter Explanations:
Volume Spike Multiplier (1.0 - 10.0)
Lower = More sensitive (more signals, some false)
Higher = Less sensitive (fewer signals, more reliable)
Start with 2.0 and adjust based on your asset's volatility
Delta Threshold % (50 - 100)
Measures buying vs selling pressure
70% = Strong institutional bias required
Lower for ranging markets, higher for trending
Minimum Signal Strength (2 - 5)
Number of factors that must align for a signal
2 = Very sensitive (many signals)
5 = Very conservative (rare signals)
Recommended: 3-4 for balance
5. Trading Strategies {#strategies}
Strategy 1: Liquidity Grab Reversal
Setup:
Price approaches a liquidity zone (green/red box)
Price penetrates the zone briefly
Institutional BUY/SELL signal appears
Price reverses away from the zone
Entry:
Enter on the signal candle close
Or wait for next candle confirmation
Stop Loss:
Below the liquidity grab low (for buys)
Above the liquidity grab high (for sells)
Take Profit:
2:1 or 3:1 risk/reward ratio
Or next opposing liquidity zone
Example:
Price drops below support → Triggers stops →
Institutional BUY signal (4-5 strength) →
Enter LONG → Price rallies
Strategy 2: Trend Continuation
Setup:
Identify the trend (higher highs/higher lows for uptrend)
Wait for pullback to support in uptrend
Institutional BUY signal appears during pullback
Confirms institutions are adding to positions
Entry:
Enter on signal with strength ≥ 4
Or next candle after signal
Stop Loss:
Below the pullback low + small buffer
Take Profit:
Previous swing high
Or trailing stop using ATR
Strategy 3: Dark Pool Accumulation
Setup:
Dark Pool (DP) markers appear multiple times
Price consolidates in tight range
Institutional BUY signal with high strength appears
Breakout occurs
Entry:
Enter on breakout candle after signal
Or on retest of breakout level
Stop Loss:
Below consolidation range
Take Profit:
Measured move (height of consolidation projected)
Strategy 4: Divergence Play
Setup:
Price makes lower low
MFI/RSI makes higher low (bullish divergence)
Institutional BUY signal appears
Volume confirms with spike
Entry:
Enter on signal candle or next
Stop Loss:
Below the divergence low
Take Profit:
Previous swing high or resistance
6. Best Practices {#best-practices}
✅ DO's:
1. Use Multiple Timeframes
Check higher timeframe for trend direction
Trade signals that align with higher timeframe
Example: 15m signals in direction of 1H trend
2. Combine with Key Levels
Support/resistance
Supply/demand zones
Previous day high/low
Round numbers (psychological levels)
3. Wait for Confirmation
Don't rush into trades
Let the signal candle close
Watch next candle for follow-through
4. Check the Metrics Table
Look at Relative Volume (should be >2.0)
Check Delta % (should be strong positive/negative)
Verify Order Flow aligns with signal
5. Consider Market Context
News events can override signals
Low liquidity times (lunch, overnight) less reliable
Major economic releases need caution
6. Paper Trade First
Test the indicator for 2-4 weeks
Learn how it behaves on your chosen assets
Develop confidence before using real money
Best Times to Trade:
Stock Market Hours:
9:30-11:30 AM EST (high volume, strong moves)
2:00-4:00 PM EST (institutional positioning)
Avoid: 11:30 AM-2:00 PM (lunch, low volume)
Forex:
London Open: 3:00-6:00 AM EST
New York Open: 8:00-11:00 AM EST
London/NY Overlap: 8:00 AM-12:00 PM EST
Crypto:
24/7 market, but highest volume during US/European hours
Watch for weekend low liquidity
7. Common Mistakes to Avoid {#mistakes}
❌ DON'T:
1. Trade Every Signal
Not all signals are equal
Focus on strength 4-5 signals
Wait for optimal setups
2. Ignore Market Structure
Don't buy into strong downtrends (catch falling knife)
Don't sell into strong uptrends (fight the tape)
Respect major support/resistance
3. Use Too Small Timeframes
1m and 2m charts are too noisy
Minimum recommended: 5m for scalping
Better: 15m, 30m, 1H for reliability
4. Overtrade
Quality over quantity
2-5 good trades per day is excellent
Forcing trades leads to losses
5. Ignore Risk Management
Always use stop losses
Risk only 1-2% per trade
Don't revenge trade after losses
6. Trade During Low Volume
Signals less reliable with low volume
Check Relative Volume metric (should be >1.5)
Avoid pre-market/after-hours for stocks
7. Misread Liquidity Grabs
Not every wick is a liquidity grab
Need volume confirmation
Must have institutional signal
Advanced Tips:
Filtering False Signals:
Use Signal Strength Filter:
Minimum strength 3 = Balanced
Minimum strength 4 = Conservative (recommended)
Minimum strength 5 = Ultra conservative
Confluence Checklist:
Signal strength ≥ 4
Relative volume > 2.0
At key support/resistance
Aligns with higher timeframe trend
Delta % strongly positive/negative
Clean price action setup
If 4+ boxes checked = High probability trade
Setting Up Alerts:
Click the three dots on the indicator
Select "Create Alert"
Choose condition:
"Institutional Buy Signal"
"Institutional Sell Signal"
"Dark Pool Activity"
Set up notification (email, SMS, app)
Save alert
Alert Strategy:
Set minimum strength to 4 for fewer, better alerts
Use for assets you can't watch constantly
Don't rely solely on alerts - check chart context
Practice Exercise:
Week 1-2: Observation
Add indicator to your favorite assets
Watch how signals develop
Note which ones lead to profitable moves
Don't trade yet - just observe
Week 3-4: Paper Trading
Use TradingView's paper trading
Trade only strength 4-5 signals
Record results in a journal
Note: entry, exit, profit/loss, what worked/didn't
Week 5+: Small Live Positions
Start with smallest position size
Trade only your best setups
Gradually increase size as you gain confidence
Keep detailed journal
Quick Reference Card:
Signal Quality Ranking:
🔥 Best Setups (Take These):
Strength 5 + Liquidity grab + Key level
Strength 4-5 + Volume >3.0 + Trend alignment
Dark Pool markers + Strength 4+ signal
✅ Good Setups:
Strength 4 at support/resistance
Strength 3-4 with strong delta
Liquidity grab + Strength 3+
⚠️ Caution (Wait for More):
Strength 2-3 in middle of nowhere
Against higher timeframe trend
Low volume (Rel Vol <1.5)
❌ Avoid:
Strength 2 only
During major news
Low liquidity hours
Against strong trend
Troubleshooting:
"Too many signals"
→ Increase Minimum Signal Strength to 4
→ Increase Volume Spike Multiplier to 2.5-3.0
"Too few signals"
→ Decrease Minimum Signal Strength to 2-3
→ Decrease Volume Spike Multiplier to 1.5
"Signals not working"
→ Check if you're trading during low volume hours
→ Verify you're using recommended timeframes
→ Make sure signals align with market structure
"Can't see liquidity zones"
→ Enable "Show Liquidity Zones" in settings
→ Adjust Swing Detection Length (try 7-15)
Resources for Further Learning:
Concepts to Study:
Order Flow Trading
Market Profile / Volume Profile
Smart Money Concepts (SMC)
Liquidity Sweeps and Stop Hunts
Institutional Order Flow
Wyckoff Method
Volume Spread Analysis (VSA)
Recommended Practice:
Study past signals on chart
Replay market using TradingView's bar replay feature
Join trading communities to share setups
Keep a detailed trading journal
Final Thoughts:
This indicator is a tool, not a crystal ball. It identifies high-probability setups where institutions are active, but still requires:
Proper risk management
Market context understanding
Patience and discipline
Continuous learning
Success Formula:
Right Tool + Proper Training + Risk Management + Discipline = Consistent Profits
Start slow, master the basics, and gradually increase complexity as you gain experience.
Good luck and trade smart! 📊📈
HM2 - Murrey Math Levels# Murrey Math Indicator - Comprehensive Description
## **What is Murrey Math?**
Murrey Math is a trading system developed by T.H. Murrey that divides price action into 8 equal segments (octaves) based on Gann and geometry principles. It automatically identifies key support and resistance levels where price is likely to react, making it a powerful tool for determining entry/exit points and price targets.
## **How It Works**
The indicator:
1. **Analyzes price history** over a lookback period (default 64-200 bars)
2. **Finds the highest high and lowest low** in that period
3. **Calculates a "fractal"** - a geometric scaling factor based on price magnitude
4. **Creates 8 equal divisions** between key levels, plus 4 overshoot levels (total 13 levels)
5. **Labels each level** from -2/8 to +2/8 with their trading significance
## **The 13 Murrey Math Levels**
### **Core Levels (0/8 to 8/8):**
- ** - Ultimate Support** (Blue)
- Extreme oversold condition
- Strong buying opportunity
- Price rarely breaks below this
- ** - Weak, Stall & Reverse** (Orange)
- Weak support level
- Price often stalls and reverses here
- ** - Pivot/Reverse Level** (Red)
- Major support that can become resistance
- Important reversal zone
- ** - Bottom of Trading Range - BUY Zone** (Green)
- Bottom boundary of normal trading
- **Premium BUY zone** - 40% of trading happens between 3/8 and 5/8
- ** - Major Support/Resistance** (Blue)
- **THE MOST IMPORTANT LEVEL**
- The midpoint - best entry/exit level
- Strong pivot point that price respects
- ** - Top of Trading Range - SELL Zone** (Green)
- Top boundary of normal trading
- **Premium SELL zone**
- ** - Pivot/Reverse Level** (Red)
- Major resistance that can become support
- Important reversal zone
- ** - Weak, Stall & Reverse** (Orange)
- Weak resistance level
- Price often stalls and reverses here
- ** - Ultimate Resistance** (Blue)
- Extreme overbought condition
- Strong selling opportunity
- Price rarely breaks above this
### **Overshoot Levels:**
- ** & ** (Gray) - Extreme downside overshoot zones
- ** & ** (Gray) - Extreme upside overshoot zones
- These indicate extreme moves beyond normal trading ranges
## **Trading Zones (from your diagram)**
1. **Consolidation Trading Area** (0/8 to 3/8)
- Price is in a bearish zone
- Look for BUY opportunities near support levels
2. **Normal Trading Area** (3/8 to 5/8)
- **40% of trading occurs here**
- Price oscillates between these boundaries
- Range-bound trading strategies work best
3. **Premium Trading Area** (5/8 to 8/8)
- Price is in a bullish zone
- Look for SELL opportunities near resistance levels
## **Trading Strategies**
### **Buy Signals:**
- Price bounces off 0/8 (ultimate support)
- Price pulls back to 3/8 in an uptrend
- Price breaks above 4/8 after consolidation
### **Sell Signals:**
- Price rejects at 8/8 (ultimate resistance)
- Price rallies to 5/8 in a downtrend
- Price breaks below 4/8 after consolidation
### **Range Trading:**
- Buy near 3/8, sell near 5/8 when price is ranging
- Use 4/8 as the pivot to determine trend direction
## **Key Advantages**
✅ **Objective levels** - No subjective placement
✅ **Self-adjusting** - Automatically recalculates based on recent price action
✅ **Clear trading zones** - Easy to identify support/resistance
✅ **Works on all timeframes** - From 1-minute to monthly charts
✅ **Combines with other indicators** - Works well with RSI, MACD, etc.
## **Important Notes**
- The indicator is **dynamic** - levels update as new highs/lows form
- **4/8 is the most critical level** - price above = bullish, below = bearish
- When price reaches overshoot levels (±1/8, ±2/8), expect strong reversals
- Works best in trending markets; can give false signals in choppy conditions
This geometric approach to support/resistance has been used by traders for decades and remains popular due to its objective, mathematical nature!
Ichimoku Cloud Indicator [TradingFinder] Kinko Hyo Cross Alerts🔵 Introduction
The Ichimoku Cloud (Ichimoku Kinko Hyo) is one of the most powerful and complete trading indicators in technical analysis. Originally developed by Japanese journalist Goichi Hosoda, the Ichimoku system combines multiple tools in one indicator, providing traders with instant insights into trend direction, support and resistance levels, and momentum. Unlike simple moving averages (SMA – Simple Moving Average), the Ichimoku Cloud (Kumo – Cloud) integrates dynamic elements that help traders forecast potential price action with greater clarity.
The Ichimoku Indicator (Ichimoku Signal System) is widely used across global markets, from Forex trading (FX – Foreign Exchange) to stocks, indices, and even cryptocurrencies. Its popularity comes from its ability to generate clear buy signals and sell signals based on the interaction of its components: Tenkan Sen (Conversion Line), Kijun Sen (Base Line), Senkou Span A, Senkou Span B, and Chikou Span (Lagging Line). When combined, these lines create the Ichimoku Cloud, which visually represents the balance between price action and market structure.
Ichimoku Cloud Lines Formulas :
Conversion Line (Tenkan Sen / Conversion Line) : Average of the highest high and lowest low over the past 9 periods => (9-PH + 9-PL) ÷ 2
Base Line (Kijun Sen / Base Line) : Average of the highest high and lowest low over the past 26 periods => (26-PH + 26-PL) ÷ 2
Leading Span A (Senkou Span A / Leading Span A) : Average of the Conversion Line and Base Line, plotted 26 periods ahead => (Tenkan Sen + Kijun Sen) ÷ 2
Leading Span B (Senkou Span B / Leading Span B) : Average of the highest high and lowest low over the past 52 periods, plotted 26 periods ahead => (52-PH + 52-PL) ÷ 2
Lagging Span (Chikou Span / Lagging Span) : Current closing price, plotted 26 periods behind.
One of the biggest advantages of the Ichimoku Trading Strategy (Ichimoku Cloud Trading System) is that it allows traders to identify the market condition at a glance. When the price is above the Kumo (Cloud), it indicates a bullish trend (uptrend). When the price is below the Kumo, the market is in a bearish trend (downtrend). And when the price is inside the cloud, the market is ranging (sideways trend). This simplicity and visual clarity make Ichimoku an essential indicator for both beginner traders and professional analysts.
The Ichimoku Cloud Indicator (Ichimoku Technical Analysis Tool) continues to be one of the most reliable charting methods. Traders often consider it superior to basic moving averages (MA – Moving Average) or exponential moving averages (EMA – Exponential Moving Average), because it not only shows trend direction but also highlights potential future support and resistance levels. With its unique combination of trend analysis, price forecasting, and trading signals, Ichimoku remains a core strategy in modern trading systems.
🔵 How to Use
The Ichimoku Cloud is more than just a set of lines; it’s a complete trading system that helps traders identify trends, momentum, and key support and resistance levels. By combining its five lines Conversion Line, Base Line, Leading Span A, Leading Span B, and Lagging Span traders can develop clear buy and sell strategies.
🟣 Identifying Trend Direction
Bullish Trend (Uptrend) : Price is above the cloud (Kumo), and the cloud is green. Leading Span A is above Leading Span B, signaling strong upward momentum.
Bearish Trend (Downtrend) : Price is below the cloud, and the cloud is red. Leading Span A is below Leading Span B, confirming a downward momentum.
Ranging / Sideways Market : Price is inside the cloud, indicating indecision and consolidation. Traders often avoid opening strong positions during these periods.
🟣 Buy Strategies
Conversion/Base Line Crossover : A buy signal occurs when the Conversion Line (Tenkan Sen) crosses above the Base Line (Kijun Sen). The signal is strongest when this crossover happens above the cloud.
Price Above Base Line : If the price moves above the Base Line while in an uptrend, it confirms bullish momentum and provides a favorable entry point.
Cloud Support Pullback : During a pullback in an uptrend, the price may touch or slightly enter the cloud. Traders can use the cloud as a dynamic support zone for buying opportunities.
Lagging Span Confirmation : Ensure the Lagging Span (Chikou Span) is above the price of 26 periods ago to confirm the strength of the bullish trend.
🟣 Sell Strategies
Conversion/Base Line Crossover : A sell signal is generated when the Conversion Line (Tenkan Sen) crosses below the Base Line (Kijun Sen). This signal is strongest when it occurs below the cloud.
Price Below Base Line : If the price falls below the Base Line in a downtrend, it confirms bearish momentum and strengthens the sell setup.
Cloud Resistance Pullback : During a bounce in a downtrend, the cloud acts as a resistance zone. Traders can enter sell positions when price approaches or touches the cloud from below.
Lagging Span Confirmation : The Lagging Span should be below the price of 26 periods ago, confirming downward momentum.
🟣 Cloud Breakout Signals
A strong buy occurs when the price breaks above the cloud from below, signaling a potential trend reversal.
A strong sell occurs when the price breaks below the cloud from above, indicating a shift toward a bearish trend.
🟣 Combining Signals for Stronger Entries
For higher probability trades, combine multiple signals : trend direction (cloud color and position), crossovers (Tenkan/Kijun), and Lagging Span position.
Avoid trading against the overall trend. For example, avoid buying when price is below a red cloud or selling when price is above a green cloud.
🔵 Setting
Tenkan Sen Period : Lookback period for Conversion Line (default: 9).
Kijun Sen Period : Lookback period for Base Line (default: 26).
Span B Period : Lookback period for Leading Span B, forms one Cloud boundary (default: 52).
Shift Lines : Periods forward for Cloud / backward for Lagging Span (default: 26).
Cross Tenkan/Kijun Alert : Alert on Conversion/Base Line crossover.
Cross Price/Tenkan Alert : Alert when price crosses Tenkan Sen.
Cross Price/Kijun Alert : Alert when price crosses Kijun Sen
🔵 Conclusion
The Ichimoku Cloud (Ichimoku Kinko Hyo) is much more than a simple indicator it is a complete trading system that combines trend detection, momentum analysis, and support/resistance identification in one view. By interpreting the position of price relative to the cloud, the interaction between Tenkan Sen (Conversion Line) and Kijun Sen (Base Line), the leading spans (Senkou Span A and B), and the Chikou Span (Lagging Line), traders can identify potential buy and sell opportunities with higher confidence.
The main advantage of the Ichimoku Cloud is its ability to provide a “one-look equilibrium” snapshot of the market. It highlights bullish trends when the price is above the cloud, bearish conditions when the price is below it, and indecision or transition when the price is inside the cloud. Crossovers, cloud breakouts, and confirmations by the Chikou Span strengthen the trading signals.
However, traders should keep in mind the limitations of the Ichimoku system. It is based on historical data and should not be used in isolation. Combining it with other tools such as RSI, volume analysis, or candlestick patterns can significantly improve accuracy and reduce false signals.
Simple Technicals Table📊 Simple Technicals Table
🎯 A comprehensive technical analysis dashboard displaying key pivot points and moving averages across multiple timeframes
📋 OVERVIEW
The Simple Technicals Table is a powerful indicator that organizes essential trading data into a clean, customizable table format. It combines Fibonacci-based pivot points with critical moving averages for both daily and weekly timeframes, giving traders instant access to key support/resistance levels and trend information.
Perfect for:
Technical analysts studying multi-timeframe data
Chart readers needing quick reference levels
Market researchers analyzing price patterns
Educational purposes and data visualization
🚀 KEY FEATURES
📊 Dual Timeframe Analysis
Daily (D1) and Weekly (W1) data side-by-side
Real-time updates as market conditions change
Seamless comparison between timeframes
🎯 Fibonacci Pivot Points
R3, R2, R1 : Resistance levels using Fibonacci ratios (38.2%, 61.8%, 100%)
PP : Central pivot point from previous period's data
S1, S2, S3 : Support levels with same methodology
📈 Complete EMA Suite
EMA 10 : Short-term trend identification
EMA 20 : Popular swing trading reference
EMA 50 : Medium-term trend confirmation
EMA 100 : Institutional support/resistance
EMA 200 : Long-term trend determination
📊 Essential Indicators
RSI 14 : Momentum for overbought/oversold conditions
ATR 14 : Volatility measurement for risk management
🎨 Full Customization
9 table positions : Place anywhere on your chart
5 text sizes : Tiny to huge for optimal visibility
Custom colors : Background, headers, and text
Optional pivot lines : Visual weekly levels on chart
⚙️ HOW IT WORKS
Fibonacci Pivot Calculation:
Pivot Point (PP) = (High + Low + Close) / 3
Range = High - Low
Resistance Levels:
R1 = PP + (Range × 0.382)
R2 = PP + (Range × 0.618)
R3 = PP + (Range × 1.000)
Support Levels:
S1 = PP - (Range × 0.382)
S2 = PP - (Range × 0.618)
S3 = PP - (Range × 1.000)
Smart Price Formatting:
< $1: 5 decimal places (crypto-friendly)
$1-$10: 4 decimal places
$10-$100: 3 decimal places
> $100: 2 decimal places
📊 TECHNICAL ANALYSIS APPLICATIONS
⚠️ EDUCATIONAL PURPOSE ONLY
This indicator is designed solely for technical analysis and educational purposes . It provides data visualization to help understand market structure and price relationships.
📈 Data Analysis Uses
Support & Resistance Identification : Visualize Fibonacci-based pivot levels
Trend Analysis : Study EMA relationships and price positioning
Multi-Timeframe Study : Compare daily and weekly technical data
Market Structure : Understand key technical levels and indicators
📚 Educational Benefits
Learn about Fibonacci pivot point calculations
Understand moving average relationships
Study RSI and ATR indicator values
Practice multi-timeframe technical analysis
🔍 Data Visualization Features
Organized table format for easy data reading
Color-coded levels for quick identification
Real-time technical indicator values
Historical data integrity maintained
🛠️ SETUP GUIDE
1. Installation
Search "Simple Technicals Table" in indicators
Add to chart (appears in middle-left by default)
Table displays automatically on any timeframe
2. Customization
Table Position : Choose from 9 locations
Text Size : Adjust for screen resolution
Colors : Match your chart theme
Pivot Lines : Toggle weekly level visualization
3. Optimization Tips
Use larger text on mobile devices
Dark backgrounds work well with light text
Enable pivot lines for visual reference
✅ BEST PRACTICES
Recommended Usage:
Use for technical analysis and educational study only
Combine with other analytical methods for comprehensive analysis
Study multi-timeframe data relationships
Practice understanding technical indicator values
Important Notes:
Levels based on previous period's data
Most effective in trending markets
No repainting - uses confirmed data only
Works on all instruments and timeframes
🔧 TECHNICAL SPECS
Performance:
Pine Script v5 optimized code
Minimal CPU/memory usage
Real-time data updates
No lookahead bias
Compatibility:
All chart types (Candlestick, Bar, Line)
Any instrument (Stocks, Forex, Crypto, etc.)
All timeframes supported
Mobile and desktop friendly
Data Accuracy:
Precise floating-point calculations
Historical data integrity maintained
No future data leakage
📱 DEVICE SUPPORT
✅ Desktop browsers (Chrome, Firefox, Safari, Edge)
✅ TradingView mobile app (iOS/Android)
✅ TradingView desktop application
✅ Light and dark themes
✅ All screen resolutions
📋 VERSION INFO
Version 1.0 - Initial Release
Fibonacci-based pivot calculations
Dual timeframe support (Daily/Weekly)
Complete EMA suite (10, 20, 50, 100, 200)
RSI and ATR indicators
Fully customizable interface
Optional pivot line visualization
Smart price formatting
Mobile-optimized display
⚠️ DISCLAIMER
This indicator is designed for technical analysis, educational and informational purposes ONLY . It provides data visualization and technical calculations to help users understand market structure and price relationships.
⚠️ NOT FOR TRADING DECISIONS
This tool does NOT provide trading signals or investment advice
All data is for analytical and educational purposes only
Users should not base trading decisions solely on this indicator
Always conduct thorough research and analysis before making any financial decisions
📚 Educational Use Only
Use for learning technical analysis concepts
Study market data and indicator relationships
Practice chart reading and data interpretation
Understand mathematical calculations behind technical indicators
The Simple Technicals Table provides technical data visualization to assist in market analysis education. It does not constitute financial advice, trading recommendations, or investment guidance. Users are solely responsible for their own research and decisions.
Author: ToTrieu
Version: 1.0
Category: Technical Analysis / Support & Resistance
License: Open source for educational use
💬 Questions? Comments? Feel free to reach out!
Dynamic EMA Stack Support & ResistanceEvery trader needs reliable support and resistance — but static zones and lagging indicators won't cut it in fast-moving markets. This script combines a Fibonacci-based 5-EMA stacking system and left/right pivots that create dynamic support & resistance logic to uncover real-time structural shifts & momentum zones that actually adapt to price action. This isn’t just a mashup — it’s a complete built-from-the-ground-up support & resistance engine designed for scalpers, intraday traders, and trend followers alike.
🧠 🧠 🧠What It Does🧠 🧠 🧠
This script uses two powerful engines working in sync:
1️⃣ EMA Stack (5-EMA Framework)
Built on Fibonacci-based lengths: 5, 8, 13, 21, 34, (configurable) this stack identifies:
🔹 Bullish Stack: EMAs aligned from fastest to slowest (uptrend confirmation)
🔹 Bearish Stack: EMAs aligned inversely (downtrend confirmation)
🟡 Narrowing Zones: When EMAs compress within ATR thresholds → possible breakout or reversal zone
🎯 Labels identify key transitions like:
✅"Begin Bear Trend?"
✅"Uptrend SPRT"
✅"RES?" (resistance test)
2️⃣ Pivot-Based Projection Engine
Using classic Left/Right Bar pivot logic, the script:
📌 Detects early-stage swing highs/lows before full confirmation
📈 Projects horizontal S/R lines that adapt to market structure
🔁 Keeps lines active until a new pivot replaces them
🧩 Syncs beautifully with EMA stack for confluence zones
🎯🎯🎯Key Features for Traders🎯🎯🎯
✅ Trend Detection
→ EMA order reveals real-time bias (bullish, bearish, compression)
✅ Dynamic S/R Zones
→ Historical support/resistance levels auto-draw and extend
✅ Smart Labeling
→ “SPRT”, “RES”, and “Trend?” labels for live context + testing logic
✅ Custom Candle Coloring
→ Choose from Bar Color or Full Candle Overlay modes
✅ Scalper & Swing Compatible
→ Use fast confirmations for scalping or stack consistency for longer trends
⚙️⚙️⚙️How to Use⚙️⚙️⚙️
✅Use Top/Bottom (trend state) Line Colors to quickly read trend conditions.
✅Use Pivot-based support/resistance projections to anticipate where price might pause or reverse.
✅Watch for yellow/blue zones to prepare for volatility shifts/reversals.
✅Combine with volume or momentum indicators for added confirmation.
📐📐📐Customization Options📐📐📐
✅EMA lengths (5, 8, 13, 21, 34) — fully configurable - try 21,34,55, 89, 144 for longer term trend states
✅Left/Right bar pivot settings (default: 21/5)
✅Label size, visibility, and color themes
✅Toggle line and label visibility for clean layouts
✅“Max Bars Back” to control how deep history is scanned safely
🛠🛠🛠Built-In Safeguards🛠🛠🛠
✅ATR-based filters to stabilize compression logic
✅Guarded lookback (max_bars_back) to avoid runtime errors
✅Works on any asset, any timeframe
🏁🏁🏁Final Word🏁🏁🏁
This script is not just a visual tool, it’s a complete trend and structure framework. Whether you're looking for clean trend alignment, dynamic support/resistance, or early warning labels, this system is tuned to help you react with confidence — not hindsight.
Rembember, no single indicator should be used in isolation. For best results, combine it with price action analysis, higher-timeframe context, and complementary tools like trendlines, moving averages etc Use it as part of a well-rounded trading approach to confirm setups — not to define them alone.
💡💡💡Turn logic into clarity. Structure into trades. And uncertainty into confidence.💡💡💡
Multipower Entry SecretMultipower Entry Secret indicator is designed to be the ultimate trading companion for traders of all skill levels—especially those who struggle with decision-making due to unclear or overwhelming signals. Unlike conventional trading systems cluttered with too many lines and confusing alerts, this indicator provides a clear, adaptive, and actionable guide for market entries and exits.
Key Points:
Clear Buy/Sell/Wait Signals:
The script dynamically analyzes price action, candle patterns, volume, trend strength, and higher time frame context. This means it gives you “Buy,” “Sell,” or “Wait” signals based on real, meaningful market information—filtering out the noise and weak trades.
Multi-Timeframe Adaptive Analysis:
It synchronizes signals between higher and current timeframes, ensuring you get the most reliable direction—reducing the risk of getting caught in fake moves or sudden reversals.
Automatic Support, Resistance & Liquidity Zones:
Key levels like support, resistance, and liquidity zones are auto-detected and displayed directly on the chart, helping you make precise decisions without manual drawing.
Real-Time Dashboard:
All relevant information, such as trend strength, market intent, volume sentiment, and the reason behind each signal, is neatly summarized in a dashboard—making monitoring effortless and intuitive.
Customizable & Beginner-Friendly:
Whether you’re a newcomer wanting straightforward guidance or a professional needing advanced customization, the indicator offers flexible options to adjust analysis depth, timeframes, sensitivity, and more.
Visual & Clutter-Free:
The design ensures that your chart remains clean and readable, showing only the most important information. This minimizes mental overload and allows for instant decision-making.
Who Will Benefit?
Beginners who want to learn trading logic, avoid common traps, and see the exact reason behind every signal.
Advanced traders who require adaptive multi-timeframe analytics, fast execution, and stress-free monitoring.
Anyone who wants to save screen time, reduce analysis paralysis, and have more confidence in every trade they take.
1. No Indicator Clutter
Intent:
Many traders get confused by charts filled with too many indicators and signals. This often leads to hesitation, missed trades, or taking random, risky trades.
In this Indicator:
You get a clean and clutter-free chart. Only the most important buy/sell/wait signals and relevant support/resistance/liquidity levels are shown. These update automatically, removing the “overload” and keeping your focus sharp, so your decision-making is faster and stress-free.
2. Exact Entry Guide
Intent:
Traders often struggle with entry timing, leading to FOMO (fear of missing out) or getting trapped in sudden market reversals.
In this Indicator:
The system uses powerful adaptive logic to filter out weak signals and only highlight the strongest market moves. This not only prevents you from entering late or on noise, but also helps avoid losses from false breakouts or whipsaws. You get actionable suggestions—when to enter, when to hold back—so your entries are high-conviction and disciplined.
3. HTF+LTF Logic: Multitimeframe Sync Analysis
Intent:
Most losing trades happen when you act only on the short-term chart, ignoring the bigger market trend.
In this Indicator:
Signals are based on both the current chart timeframe (LTF) and a higher (HTF, like hourly/daily) timeframe. The indicator synchronizes trend direction, momentum, and structure across both levels, quickly adapting to show you when both are aligned. This filtering results in “only trade with the bigger trend”—dramatically increasing your win rate and market confidence.
4. Auto Support/Resistance & Liquidity Zones
Intent:
Drawing support/resistance and liquidity zones manually is time-consuming and error-prone, especially for beginners.
In this Indicator:
The system automatically identifies and plots the most crucial support/resistance levels and liquidity zones on your chart. This is based on adaptive, real-time price and volume analysis. These zones highlight where major institutional activity, trap setups, or real breakouts/reversals are most likely, removing guesswork and giving you a clear reference for entries, exits, and stop placements.
5. Clear Action/Direction
Intent:
Traders need certainty—what does the market want right now? Most indicators are vague.
In this Indicator:
Your dashboard always displays in plain words (like “BUY”, “SELL”, or “WAIT”) what action makes sense in the current market phase. Whether it’s a bull trap, volume spike, wick reversal, or exhaustion—it’s interpreted and explained clearly. No more confusion—just direct, real-time advice.
6. For Everyone (Beginner to Pro)
Intent:
Most advanced indicators are overwhelming for new traders; simple ones lack depth for professionals.
In this Indicator:
It is simple enough for a beginner—just add it to the chart and instantly see what action to consider. At the same time, it includes advanced adaptive analysis, multi-timeframe logic, and customizable settings so professional traders can fine-tune it for their strategies.
7. Ideal Usage and User Benefits
Instant Decision Support:
Whenever you’re unsure about a trade, just look at the indicator’s suggestion for clarity.
Entry Learning:
Beginners get real-time “practice” by not only seeing signals, but also the reason behind them—improving your chart reading and market understanding.
Screen Time & Stress Reduction:
Clear, relevant information only; no noise, less fatigue, faster decisions.
Makes Trading Confident & Simple:
The smart dashboard splits actionable levels (HTF, LTF, action) so you never miss a move, avoid traps, and stay aligned with high-probability trades.
8. Advanced Input Settings (Smart Customization)
Explained with Examples:
Enable Wick Analysis:
Finds candles with strong upper/lower wicks (signs of rejection/buying/selling force), alerting you to hidden reversals and protecting from FOMO entries.
Enable Absorption:
Detects when heavy order flow from one side is “absorbed” by the other (shows where institutional buyers/sellers are likely active, helps spot fake breakouts).
Enable Unusual Breakout:
Highlights real breakouts—large volatility plus high volume—so you catch genuine moves and avoid random spikes.
Enable Range/Expansion:
Smartly flags sudden range expansions—when the market goes from quiet to volatile—so you can act at the start of real trends.
Trend Bar Lookback:
Adjusts how many bars/candles are used in trend calculations. Short (fast trades, more signals), long (more reliability, fewer whipsaws).
Bull/Bear Bars for Strong Trend Min:
Sets how many candles in a row must support a trend before calling it “strong”—prevents flipping signals, keeps you disciplined.
Volume MA Length:
Lets you adjust how many bars back volume is averaged—fine-tune for your asset and trading style for best volume signals.
Swing Lookback Bars:
Set how many bars to use for swing high/low detection—short (quick swing levels), long (stronger support/resistance).
HTF (Bias Window):
Decide which higher timeframe the indicator should use for big-picture market mood. Adjustable for any style (scalp, swing, position).
Adaptive Lookback (HTF):
Choose how much HTF history is used for detecting major extremes/zones. Quick adjust for more/less sensitivity.
Show Support/Resistance, Liquidity Zones, Trendlines:
Toggle them on/off instantly per your needs—keeps your chart relevant and tailored.
9. Live Dashboard Sections Explained
Intent HTF:
Shows if the bigger timeframe currently has a Bullish, Bearish, or Neutral (“Chop”) intent, based on strict volume/price body calculations. Instant clarity—no more guessing on trend bias.
HTF Bias:
Clear message about which side (buy/sell/sideways) controls the market on the higher timeframe, so you always trade with the “big money.”
Chart Action:
The central action for the current bar—Whether to Buy, Sell, or Wait—calculated from all indicator logic, not just one rule.
TrendScore Long/Short:
See how many candles in your chosen window were bullish or bearish, at a glance. Instantly gauge market momentum.
Reason (WHY):
Every time a signal appears, the “reason” cell tells you the primary logic (breakout, wick, strong trend, etc.) behind it. Full transparency and learning—never trade blindly.
Strong Trend:
Shows if the market is currently in a powerful trend or not—helping you avoid choppy, risky entries.
HTF Vol/Body:
Displays current higher timeframe volume and candle body %—helping spot when big players are active for higher probability trades.
Volume Sentiment:
A real-time analysis of market psychology (strong bullish/bearish, neutral)—making your decision-making much more confident.
10. Smart and User-Friendly Design
Multi-timeframe Adaptive:
All calculations can now be drawn from your choice of higher or current timeframe, ensuring signals are filtered by larger market context.
Flexible Table Position:
You can set the live dashboard/summary anywhere on the chart for best visibility.
Refined Zone Visualization:
Liquidity and order blocks are visually highlighted, auto-tuning for your settings and always cleaning up to stay clutter-free.
Multi-Lingual & Beginner Accessible:
With Hindi and simple English support, descriptions and settings are accessible for a wide audience—anyone can start using powerful trading logic with zero language barrier.
Efficient Labels & Clear Reasoning:
Signal labels and reasons are shown/removed dynamically so your chart stays informative, not messy.
Every detail of this indicator is designed to make trading both simpler and smarter—helping you avoid the common pitfalls, learn real price action, stay in sync with the market’s true mood, and act with discipline for higher consistency and confidence.
This indicator makes professional-grade market analysis accessible to everyone. It’s your trusted assistant for making smarter, faster, and more profitable trading decisions—providing not just signals, but also the “why” behind every action. With auto-adaptive logic, clear visuals, and strong focus on real trading needs, it lets you focus on capturing the moves that matter—every single time.
Vagas-dctang(8~13)Overview
The Vegas Tunnel EMA 8-13 is a refined technical analysis indicator that utilizes two key exponential moving averages (8-period and 13-period EMAs) to create a dynamic tunnel system for identifying trend direction and potential support/resistance zones. This indicator is specifically designed to help traders visualize price action within the context of short-term trend dynamics.
Key Features
✅ Dual EMA Tunnel System: Creates a visual tunnel between 8 EMA (fast) and 13 EMA (slow) to identify trend channels ✅ Dynamic Support Detection: The tunnel acts as dynamic support during uptrends and resistance during downtrends ✅ Trend Confirmation: Price position relative to the tunnel helps confirm the current market trend ✅ Entry/Exit Signals: Tunnel crossovers and price interactions provide clear trading signals ✅ Multi-Timeframe Compatible: Works effectively across various timeframes from scalping to swing trading
How It Works
The Vegas Tunnel EMA 8-13 operates on the principle that shorter-period EMAs react more quickly to price changes, creating a responsive tunnel system:
Bullish Tunnel: When 8 EMA > 13 EMA, the tunnel indicates an upward trend with potential support zones
Bearish Tunnel: When 8 EMA < 13 EMA, the tunnel indicates a downward trend with potential resistance zones
Tunnel Width: The distance between EMAs indicates trend strength and volatility
Price Interaction: Bounces off the tunnel boundaries suggest trend continuation, while breaks may signal reversals
Trading Applications
Trend Following: Use tunnel direction to align trades with the prevailing trend
Support/Resistance Trading: Enter long positions when price bounces off tunnel support, short when rejected at resistance
Breakout Strategy: Trade tunnel breaks as potential trend continuation or reversal signals
Risk Management: Use tunnel boundaries as dynamic stop-loss levels
Advantages Over Traditional Moving Averages
Reduced Noise: The tunnel system filters out minor price fluctuations
Visual Clarity: Easy identification of trend channels and key levels
Faster Response: 8-13 period combination provides quicker signals than longer-term systems
Versatile Application: Suitable for various trading styles and market conditions
Best Practices
Combine with volume analysis for stronger signal confirmation
Consider higher timeframe tunnel direction for context
Use proper risk management with position sizing
Backtest on your preferred instruments and timeframes
This indicator is ideal for traders seeking a clean, effective tool for trend analysis and dynamic support/resistance identification in fast-moving markets.
SMC - Institutional Confidence Oscillator [PhenLabs]📊 Institutional Confidence Oscillator
Version: PineScript™v6
📌 Description
The Institutional Confidence Oscillator (ICO) revolutionizes market analysis by automatically detecting and evaluating institutional activity at key support and resistance levels using our own in-house detection system. This sophisticated indicator combines volume analysis, volatility measurements, and mathematical confidence algorithms to provide real-time readings of institutional sentiment and zone strength.
Using our advanced thin liquidity detection, the ICO identifies high-volume, narrow-range bars that signal institutional zone formation, then tracks how these zones perform under market pressure. The result is a dual-wave confidence oscillator that shows traders when institutions are actively defending price levels versus when they’re abandoning positions.
The indicator transforms complex institutional behavior patterns into clear, actionable confidence percentiles, helping traders align with smart money movements and avoid common retail trading pitfalls.
🚀 Points of Innovation
Automated thin liquidity zone detection using volume threshold multipliers and zone size filtering
Dual-sided confidence tracking for both support and resistance levels simultaneously
Sigmoid function processing for enhanced mathematical accuracy in confidence calculations
Real-time institutional defense pattern analysis through complete test cycles
Advanced visual smoothing options with multiple algorithmic methods (EMA, SMA, WMA, ALMA)
Integrated momentum indicators and gradient visualization for enhanced signal clarity
🔧 Core Components
Volume Threshold System: Analyzes volume ratios against baseline averages to identify institutional activity spikes
Zone Detection Algorithm: Automatically identifies thin liquidity zones based on customizable volume and size parameters
Confidence Lifecycle Engine: Tracks institutional defense patterns through complete observation windows
Mathematical Processing Core: Uses sigmoid functions to convert raw market data into normalized confidence percentiles
Visual Enhancement Suite: Provides multiple smoothing methods and customizable display options for optimal chart interpretation
🔥 Key Features
Auto-Detection Technology: Automatically scans for institutional zones without manual intervention, saving analysis time
Dual Confidence Tracking: Simultaneously monitors both support and resistance institutional activity for comprehensive market view
Smart Zone Validation: Evaluates zone strength through volume analysis, adverse excursion measurement, and defense success rates
Customizable Parameters: Extensive input options for volume thresholds, observation windows, and visual preferences
Real-Time Updates: Continuously processes market data to provide current institutional confidence readings
Enhanced Visualization: Features gradient fills, momentum indicators, and information panels for clear signal interpretation
🎨 Visualization
Dual Oscillator Lines: Support confidence (cyan) and resistance confidence (red) plotted as percentage values 0-100%
Gradient Fill Areas: Color-coded regions showing confidence dominance and strength levels
Reference Grid Lines: Horizontal markers at 25%, 50%, and 75% levels for easy interpretation
Information Panel: Real-time display of current confidence percentiles with color-coded dominance indicators
Momentum Indicators: Rate of change visualization for confidence trends
Background Highlights: Extreme confidence level alerts when readings exceed 80%
📖 Usage Guidelines
Auto-Detection Settings
Use Auto-Detection
Default: true
Description: Enables automatic thin liquidity zone identification based on volume and size criteria
Volume Threshold Multiplier
Default: 6.0, Range: 1.0+
Description: Controls sensitivity of volume spike detection for zone identification, higher values require more significant volume increases
Volume MA Length
Default: 15, Range: 1+
Description: Period for volume moving average baseline calculation, affects volume spike sensitivity
Max Zone Height %
Default: 0.5%, Range: 0.05%+
Description: Filters out wide price bars, keeping only thin liquidity zones as percentage of current price
Confidence Logic Settings
Test Observation Window
Default: 20 bars, Range: 2+
Description: Number of bars to monitor zone tests for confidence calculation, longer windows provide more stable readings
Clean Break Threshold
Default: 1.5 ATR, Range: 0.1+
Description: ATR multiple required for zone invalidation, higher values make zones more persistent
Visual Settings
Smoothing Method
Default: EMA, Options: SMA/EMA/WMA/ALMA
Description: Algorithm for signal smoothing, EMA responds faster while SMA provides more stability
Smoothing Length
Default: 5, Range: 1-50
Description: Period for smoothing calculation, higher values create smoother lines with more lag
✅ Best Use Cases
Trending market analysis where institutional zones provide reliable support/resistance levels
Breakout confirmation by validating zone strength before position entry
Divergence analysis when confidence shifts between support and resistance levels
Risk management through identification of high-confidence institutional backing
Market structure analysis for understanding institutional sentiment changes
⚠️ Limitations
Performs best in liquid markets with clear institutional participation
May produce false signals during low-volume or holiday trading periods
Requires sufficient price history for accurate confidence calculations
Confidence readings can fluctuate rapidly during high-impact news events
Manual fallback zones may not reflect actual institutional activity
💡 What Makes This Unique
Automated Detection: First Pine Script indicator to automatically identify thin liquidity zones using sophisticated volume analysis
Dual-Sided Analysis: Simultaneously tracks institutional confidence for both support and resistance levels
Mathematical Precision: Uses sigmoid functions for enhanced accuracy in confidence percentage calculations
Real-Time Processing: Continuously evaluates institutional defense patterns as market conditions change
Visual Innovation: Advanced smoothing options and gradient visualization for superior chart clarity
🔬 How It Works
1. Zone Identification Process:
Scans for high-volume bars that exceed the volume threshold multiplier
Filters bars by maximum zone height percentage to identify thin liquidity conditions
Stores qualified zones with proximity threshold filtering for relevance
2. Confidence Calculation Process:
Monitors price interaction with identified zones during observation windows
Measures volume ratios and adverse excursions during zone tests
Applies sigmoid function processing to normalize raw data into confidence percentiles
3. Real-Time Analysis Process:
Continuously updates confidence readings as new market data becomes available
Tracks institutional defense success rates and zone validation patterns
Provides visual and numerical feedback through the oscillator display
💡 Note:
The ICO works best when combined with traditional technical analysis and proper risk management. Higher confidence readings indicate stronger institutional backing but should be confirmed with price action and volume analysis. Consider using multiple timeframes for comprehensive market structure understanding.
Volumetric Support and Resistance [BackQuant]Volumetric Support and Resistance
What this is
This Overlay locates price levels where both structure and participation have been meaningful. It combines classical swing points with a volume filter, then manages those levels on the chart as price evolves. Each level carries:
• A reference price (support or resistance)
• An estimate of the volume that traded around that price
• A touch counter that updates when price retests it
• A visual box whose thickness is scaled by volatility
The result is a concise map of candidate support and resistance that is informed by both price location and how much trading occurred there.
How levels are built
Find structural pivots uses ta.pivothigh and ta.pivotlow with a user set sensitivity. Larger sensitivity looks for broader swings. Smaller sensitivity captures tighter turns.
Require meaningful volume computes an average volume over a lookback period and forms a volume ratio for the current bar. A pivot only becomes a level when the ratio is at least the volume significance multiplier.
Avoid clustering checks a minimum level distance (as a percent of price). If a candidate is too close to an existing level, it is skipped to keep the map readable.
Attach a volume strength to the level estimates volume strength by averaging the volume of recent bars whose high to low range spans that price. Levels with unusually high strength are flagged as high volume.
Store and draw levels are kept in an array with fields for price, type, volume, touches, creation bar, and a box handle. On the last bar, each level is drawn as a horizontal box centered at the price with a vertical thickness scaled by ATR. Borders are thicker when the level is marked high volume. Boxes can extend into the future.
How levels evolve over time
• Aging and pruning : levels are removed if they are too old relative to the lookback or if you exceed the maximum active levels.
• Break detection : a level can be removed when price closes through it by more than a break threshold set as a fraction of ATR. Toggle with Remove Broken Levels.
• Touches : when price approaches within the break threshold, the level’s touch counter increments.
Visual encoding
• Boxes : support boxes are green, resistance boxes are red. Box height uses an ATR based thickness so tolerance scales with volatility. Transparency is fixed in this version. Borders are thicker on high volume levels.
• Volume annotation : show the estimated volume inside the box or as a label at the right. If a level has more than one touch, a suffix like “(2x)” is appended.
• Extension : boxes can extend a fixed number of bars into the future and can be set to extend right.
• High volume bar tint : bars with volume above average × multiplier are tinted green if up and red if down.
Inputs at a glance
Core Settings
• Level Detection Sensitivity — pivot window for swing detection
• Volume Significance Multiplier — minimum volume ratio to accept a pivot
• Lookback Period — window for average volume and maintenance rules
Level Management
• Maximum Active Levels — cap on concurrently drawn levels
• Minimum Level Distance (%) — required spacing between level prices
Visual Settings
• Remove Broken Levels — drop a level once price closes decisively through it
• Show Volume Information on Levels — annotate volume and touches
• Extend Levels to Right — carry boxes forward
Enhanced Visual Settings
• Show Volume Text Inside Box — text placement option
• Volume Based Transparency and Volume Based Border Thickness — helper logic provided; current draw block fixes transparency and increases border width on high volume levels
Colors
• Separate colors for support, resistance, and their high volume variants
How it can be used
• Trade planning : use the most recent support and resistance as reference zones for entries, profit taking, or stop placement. ATR scaled thickness provides a practical buffer.
• Context for patterns : combine with breakouts, pullbacks, or candle patterns. A breakout through a high volume resistance carries more informational weight than one through a thin level.
• Prioritization : when multiple levels are nearby, prefer high volume or higher touch counts.
• Regime adaptation : widen sensitivity and increase minimum distance in fast regimes to avoid clutter. Tighten them in calm regimes to capture more granularity.
Why volume support and resistance is used in trading
Support and resistance relate to willingness to transact at certain prices. Volume measures participation. When many contracts change hands near a price:
• More market players hold inventory there, often creating responsive behavior on retests
• Order flow can concentrate again to defend or to exit
• Breaks can be cleaner as trapped inventory rebalances
Conditioning level detection on above average activity focuses attention on prices that mattered to more participants.
Alerts
• New Support Level Created
• New Resistance Level Created
• Level Touch Alert
• Level Break Alert
Strengths
• Dual filter of structure and participation, reducing trivial swing points
• Self cleaning map that retires old or invalid levels
• Volatility aware presentation using ATR based thickness
• Touch counting for persistence assessment
• Tunable inputs for instrument and timeframe
Limitations and caveats
• Volume strength is an approximation based on bars spanning the price, not true per price volume
• Pivots confirm after the sensitivity window completes, so new levels appear with a delay
• Narrow ranges can still cluster levels unless minimum distance is increased
• Large gaps may jump past levels and immediately trigger break conditions
Practical tuning guide
• If the chart is crowded: increase sensitivity, increase minimum level distance, or reduce maximum active levels
• If useful levels are missed: reduce volume multiplier or sensitivity
• If you want stricter break removal: increase the ATR based break threshold in code
• For instruments with session patterns: tailor the lookback period to a representative window
Interpreting touches and breaks
• First touch after creation is a validation test
• Multiple shallow touches suggest absorption; a later break may then travel farther
• Breaks on high current volume merit extra attention
Multi timeframe usage
Levels are computed on the active chart timeframe. A common workflow is to keep a higher timeframe instance for structure and a lower timeframe instance for execution. Align trades with higher timeframe levels where possible.
Final Thoughts
This indicator builds a lightweight, self updating map of support and resistance grounded in swings and participation. It is not a full market profile, but it captures much of the practical benefit with modest complexity. Treat levels as context and decision zones, not guarantees. Combine with your entry logic and risk controls.
PDH/PDL (prev RTH) + Current ETH High/LowDescription:
This indicator automatically plots the key levels of PDH/PDL (Previous Day High/Low from regular trading hours – RTH) and ETH High/Low (Extended Hours: pre-market + after-hours) in real time.
• PDH/PDL: calculated at the close of RTH (09:30–16:00 NYSE) and anchored until the next day.
• ETH High/Low: updated live during extended hours (04:00–09:29 and 16:00–20:00 NYSE) and “frozen” at the RTH open for reference during the regular session.
• Customization options: colors, line styles (solid/dashed/dotted), thickness, labels, and the ability to extend lines to the right.
• Levels can also be displayed directly on the price scale.
This script is designed for traders who want a quick visualization of the most relevant levels from the previous day and extended hours, making it easier to identify supports, resistances, and potential reaction zones in price action.
By: Miguel Arenas
FlowStateTrader FlowState Trader - Advanced Time-Filtered Strategy
## Overview
FlowState Trader is a sophisticated algorithmic trading strategy that combines precision entry signals with intelligent time-based filtering and adaptive risk management. Built for traders seeking to achieve their optimal performance state, FlowState identifies high-probability trading opportunities within user-defined time windows while employing dynamic trailing stops and partial position management.
## Core Strategy Philosophy
FlowState Trader operates on the principle that peak trading performance occurs when three elements align: **Focus** (precise entry signals), **Flow** (optimal time windows), and **State** (intelligent position management). This strategy excels at finding reversal opportunities at key support and resistance levels while filtering out suboptimal trading periods to keep traders in their optimal flow state.
## Key Features
### 🎯 Focus Entry System
**Support/Resistance Zone Trading**:
- Dynamic identification of key price levels using configurable lookback periods
- Entry signals triggered when price interacts with these critical zones
- Volume confirmation ensures genuine breakout/reversal momentum
- Trend filter alignment prevents counter-trend disasters
**Entry Conditions**:
- **Long Signals**: Price closes above support buffer, touches support level, with above-average volume
- **Short Signals**: Price closes below resistance buffer, touches resistance level, with above-average volume
- Optional trend filter using EMA or SMA for directional bias confirmation
### ⏰ FlowState Time Filtering System
**Comprehensive Time Controls**:
- **12-Hour Format Trading Windows**: User-friendly AM/PM time selection
- **Multi-Timezone Support**: UTC, EST, PST, CST with automatic conversion
- **Day-of-Week Filtering**: Trade only weekdays, weekends, or both
- **Lunch Hour Avoidance**: Automatically skips low-volume lunch periods (12-1 PM)
- **Visual Time Indicators**: Background coloring shows active/inactive trading periods
**Smart Time Features**:
- Handles overnight trading sessions seamlessly
- Prevents trades during historically poor performance periods
- Customizable trading hours for different market sessions
- Real-time trading window status in dashboard
### 🛡️ Adaptive Risk Management
**Multi-Level Take Profit System**:
- **TP1**: First profit target with optional partial position closure
- **TP2**: Final profit target for remaining position
- **Flexible Scaling**: Choose number of contracts to close at each level
**Dynamic Trailing Stop Technology**:
- **Three Operating Modes**:
- **Conservative**: Earlier activation, tighter trailing (protect profits)
- **Balanced**: Optimal risk/reward balance (recommended)
- **Aggressive**: Later activation, wider trailing (let winners run)
- **ATR-Based Calculations**: Adapts to current market volatility
- **Automatic Activation**: Engages when position reaches profitability threshold
### 📊 Intelligent Position Sizing
**Contract-Based Management**:
- Configurable entry quantity (1-1000 contracts)
- Partial close quantities for profit-taking
- Clear position tracking and P&L monitoring
- Real-time position status updates
### 🎨 Professional Visualization
**Enhanced Chart Elements**:
- **Entry Zone Highlighting**: Clear visual identification of trading opportunities
- **Dynamic Risk/Reward Lines**: Real-time TP and SL levels with price labels
- **Trailing Stop Visualization**: Live tracking of adaptive stop levels
- **Support/Resistance Lines**: Key level identification
- **Time Window Background**: Visual confirmation of active trading periods
**Dual Dashboard System**:
- **Strategy Dashboard**: Real-time position info, settings status, and current levels
- **Performance Scorecard**: Live P&L tracking, win rates, and trade statistics
- **Customizable Sizing**: Small, Medium, or Large display options
### ⚙️ Comprehensive Customization
**Core Strategy Settings**:
- **Lookback Period**: Support/resistance calculation period (5-100 bars)
- **ATR Configuration**: Period and multipliers for stops/targets
- **Reward-to-Risk Ratios**: Customizable profit target calculations
- **Trend Filter Options**: EMA/SMA selection with adjustable periods
**Time Filter Controls**:
- **Trading Hours**: Start/end times in 12-hour format
- **Timezone Selection**: Four major timezone options
- **Day Restrictions**: Weekend-only, weekday-only, or unrestricted
- **Session Management**: Lunch hour avoidance and custom periods
**Risk Management Options**:
- **Trailing Stop Modes**: Conservative/Balanced/Aggressive presets
- **Partial Close Settings**: Enable/disable with custom quantities
- **Alert System**: Comprehensive notifications for all trade events
### 📈 Performance Tracking
**Real-Time Metrics**:
- Net profit/loss calculation
- Win rate percentage
- Profit factor analysis
- Maximum drawdown tracking
- Total trade count and breakdown
- Current position P&L
**Trade Analytics**:
- Winner/loser ratio tracking
- Real-time performance scorecard
- Strategy effectiveness monitoring
- Risk-adjusted return metrics
### 🔔 Alert System
**Comprehensive Notifications**:
- Entry signal alerts with price and quantity
- Take profit level hits (TP1 and TP2)
- Stop loss activations
- Trailing stop engagements
- Position closure notifications
## Strategy Logic Deep Dive
### Entry Signal Generation
The strategy identifies high-probability reversal points by combining multiple confirmation factors:
1. **Price Action**: Looks for price interaction with key support/resistance levels
2. **Volume Confirmation**: Ensures sufficient market interest and liquidity
3. **Trend Alignment**: Optional filter prevents counter-trend positions
4. **Time Validation**: Only trades during user-defined optimal periods
5. **Zone Analysis**: Entry occurs within calculated buffer zones around key levels
### Risk Management Philosophy
FlowState Trader employs a three-tier risk management approach:
1. **Initial Protection**: ATR-based stop losses set at strategy entry
2. **Profit Preservation**: Trailing stops activate once position becomes profitable
3. **Scaled Exit**: Partial profit-taking allows for both security and potential
### Time-Based Edge
The time filtering system recognizes that not all trading hours are equal:
- Avoids low-volume, high-spread periods
- Focuses on optimal liquidity windows
- Prevents trading during news events (lunch hours)
- Allows customization for different market sessions
## Best Practices and Optimization
### Recommended Settings
**For Scalping (1-5 minute charts)**:
- Lookback Period: 10-20
- ATR Period: 14
- Trailing Stop: Conservative mode
- Time Filter: Major session hours only
**For Day Trading (15-60 minute charts)**:
- Lookback Period: 20-30
- ATR Period: 14-21
- Trailing Stop: Balanced mode
- Time Filter: Extended trading hours
**For Swing Trading (4H+ charts)**:
- Lookback Period: 30-50
- ATR Period: 21+
- Trailing Stop: Aggressive mode
- Time Filter: Disabled or very broad
### Market Compatibility
- **Forex**: Excellent for major pairs during active sessions
- **Stocks**: Ideal for liquid stocks during market hours
- **Futures**: Perfect for index and commodity futures
- **Crypto**: Effective on major cryptocurrencies (24/7 capability)
### Risk Considerations
- **Market Conditions**: Performance varies with volatility regimes
- **Timeframe Selection**: Lower timeframes require tighter risk management
- **Position Sizing**: Never risk more than 1-2% of account per trade
- **Backtesting**: Always test on historical data before live implementation
## Educational Value
FlowState serves as an excellent learning tool for:
- Understanding support/resistance trading
- Learning proper time-based filtering
- Mastering trailing stop techniques
- Developing systematic trading approaches
- Risk management best practices
## Disclaimer
This strategy is for educational and informational purposes only. Past performance does not guarantee future results. Trading involves substantial risk of loss and is not suitable for all investors. Users should thoroughly backtest the strategy and understand all risks before live trading. Always use proper position sizing and never risk more than you can afford to lose.
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*FlowState Trader represents the evolution of systematic trading - combining classical technical analysis with modern risk management and intelligent time filtering to help traders achieve their optimal performance state through systematic, disciplined execution.*
