Rma Stdev BandsStandard Deviation support resistances with percent boxes.
The Relative Moving Average isn’t a well-known moving average. But TradingView uses this average with two popular indicators: the Relative Strength Index (RSI) and Average True Range (ATR)
The weighting factors that the Relative Moving Average uses decrease exponentially. That way recent bars have the highest weight, while earlier bars get smaller weights the older they are.
In den Scripts nach "support resistance" suchen
R-Smart - Relative Strength On observing the market for years I learned that Relative Strength will help us in staying invested in strong bullish stocks (relative to primary indices of your country, in my case it's Nifty 50 for India). Once you identify a strong stock, it's important to know if the stock is trending and is in momentum. To identify, trends and momentum, I used ADX and MACD indicators respectively as part of the R-Smart.
In R-Smart, I used Relative Strength primarily to plot the chart, if the Histogram is positive (greater than 0) then the security is bullish. But then how do we know that it's in trend and having momentum. Well the below color code will help you identify them
1. Histogram in Green : Strong Bullish
2. Histogram in Blue : Weak Bullish
3. Histogram in Orange: Bearish
Apart from the above indicator, I would like to use Super Trend to know the immediate support/resistances on the chart.
# StayInvested
# StayProfitable
# ManageYourRisk
RSI Support & Resistance by DGTRSI Sᴜᴘᴘᴏʀᴛ & Rᴇꜱɪꜱᴛᴀɴᴄᴇ ʙʏ DGT
This experimental study attempts to translate Relative Strength Index (RSI) threshold levels of oversold/overbought and bull/bear zones as probable Price Support and Resistance levels
█ OPTIONS
Support & Resistance Levels , the main aim of the study. Level calculations are based on Relative Strength Index (RSI) threshold levels of oversold/overbought and bull/bear zones, where all threshold values are customizable through the user dialog box. Background of the levels can be colored optionally
RSI Weighted Colored Bars and/or Mark Overbought/Oversold Bars , Bar colors can be painted to better emphasis RSI values. Darker colors when the oscillator is in oversold/overbought zones, light colors when oscillator readings are below/above the bull/bear zone respectively, and remain unchanged otherwise. Besides the colors, with “Display RSI Overbought/Oversold Price Bars” option little triangle shapes can be plotted on top or bottom of the bars when RSI is in oversold/overbought zones
Example usage of the study with explanations
█ OTHERS
More regarding Support & Resistance concept (definition, identifying levels, trading S&R, etc) you are kindly invited to check my previous publication
Price Action - Support & Resistance by DGT
More regarding Relative Strength Index (RSI) and Relative Strength of Volume Indicators , please check Relative Strength of Volume Indicators by DGT
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
[PX] Session LevelHello guys,
this scripts prints the high and low as well as the moving average of a user-defined session.
How does it work?
Basically, as soon as we are in the session range, the indicator will constantly keep track of the high and the low of this range. It also prints the moving average, which can either be a floating or a static line, that represents the latest MA value.
The indicator comes with multiple options to style the printed lines.
If you find this indicator useful, please leave a "like" and hit that "follow" button :)
Have fun and happy trading :)))
P.S: Check my signature if you want to get in touch with me.
Trade Manager (Open Source Version)Hello my young padawans looking for the FORCE to get richer on your next trade
I got pinged at least three times today asking where the hell is the indicator of the day. You asked, I delivered :)
Here's your free open-source Trade Manager Version. My associates might kill me for sharing that one... anyway this is a real GIFT.
I won't share such quality indicators too often for FREE so hope you'll appreciate its value. It can really help with your day to day trading (on top of making your charts looking more awesome)
This is an even better version compared to my previous Trade Manager Trade-Manager . It's basically a standalone version, meaning you'll have to update with 2 lines your own indicator and follow my educational post from yesterday (pasted it below also) to learn how to do it
Please read this educational post I published for you before proceeding further : How-to-connect-your-indicator-with-the-Trade-Manager
From here you normally connected the data source of your own indicator to the Trade Manager. If not, here's a reminder of the article mentionned above
Step 1 - Update your indicator
For the screenshot you see above, I used this indicator : Two-MM-Cross-MACD/ . "But sir are you really advertising your other indicators here ??" ... hmmm.... YES but I gave them for free so ... stop complaining my friend :)
Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!)
So it should look to something similar
nUP = ma_crossover and macd_crossover
nDN = ma_crossunder and macd_crossunder
What you will need to add at the very end of your script is a Signal plot that will be captured by the Trade Manager. This will give us :
// Signal plot to be used as external
// if crossover, sends 1, otherwise sends -1
Signal = (nUP) ? 1 : (nDN) ? -1 : na
plot(Signal, title="Signal")
The Trade Manager engines expects to receive 1 for a bullishg signal and -1 for bearish .
Step 2 - Add the Trade Manager to your chart and select the right Data Source
I feel the questions coming so I prefer to anticipate :) When you add the Trade Manager to your chart, nothing will be displayed. THIS IS NORMAL because you'll have to select the Data Source to be "Signal"
Remember our Signal variable from the Two MM Cross from before, now we'll capture it and.....drumb rolll...... that's from that moment that your life became even more AWESOME
The Engine will capture the last signal from the MM cross or any indicator actually and will update the Stop Loss, Take Profit levels based on the parameters you set on the Trade Manager
It should work with any indicator as long as you're providing a plot Signal with values 1 and -1 . In any case, you can change the Trade Manager you'll find a better logic for your trading
Now let's cover the different parameters of the tool
It should be straightforward but better to explain everything here
+Label lines : if unchecked, no SL/TPs/... will be displayed
+Show Stop Loss Signal : Will display the stop loss label. You have the choice between three options :
By default, the Stop Loss is set to NONE. You'll have to select a different option to enable the Stop Loss for real
++Percentage : Will set the SL at a percent distance from the price
++Fixed : SL fixed at a static price
++Trailing % : Trailing stop loss based on percentage level
The following is a KEY feature and I got asked for it many times those past two days. I got annoyed of getting the same request so I just did it
++Trailing TP: Will move the Stop Loss if the take profit levels are hit
Example: if TP1 is hit, SL will be moved to breakeven. If TP2 is hit, SL will be moved from TP1 to TP2
+Take Profit 1,2,3 : Visually define the three Take Profit levels. Those are percentage levels .
Meaning if you set TP1 = 2, it will set the TP1 level 2% away from the entry signal
Please note that once a Take profit level is reached, it will magically disappear. This is to be expected
I'll share in the future a way more complete version with invalidation, stop loss/take profits based on indicator, take profit based on supports/resistances, ...
I believe is such a great tool because can be connected to any indicator. I confess that I tried it only with a few... if you find any that's not working with the Trade manager, please let me know and I'll have a look
PS
I want to give a HUUUUUUUGE shoutout to the PineCoders community who helped me finishing it
Wishing you all the best and a pleasant experience with my work
David
[naoligo] Pivot Points (Daily)Suporte/Resistência do Pivot diário para gráficos intraday
Marcação do S/R tradicional e S/R Fibonacci
Daily Pivot Point Support/Resistances on intraday charts
Both Traditional and Fibonacci methods plotted
TATARI YENTatari's trend strategy:
First analyze weekly and daily looking for supports, resistances, patterns, H&S, and so on, just to have the idea about direction and borders.
If we have a good idea abou the market direction let's go to look for some opportunities in that direction with TATARI.
Time frame 4H: find a signal to open postion, at the same direction of Week and Day.
Time frame 1H: we open the position accordin to the 4H signal.
( regular multi time frame strategy so far).
Let's have a look how TATARI works.
Uptrend starts with blue and green crosses, doesn't matter if green or blu. If the first cross is blue open the position the candle after the green cross. If the first is a green cross open the first candle after the blue cross.
Downtrend starts with blue and red cross, doesn't matter if first blu or red.
Open when the trend starts and use as stop loss the green line for uptrend or the red line for downtrend.
When the silver spots appear there is a supertrend, it's time to move SL to the last swing.
Close the position when a new blue cross appears and the following cross is the other color you used to open the position. ( Usually SL is already hit)
The gray areas are for lateral market, feel free to use stoc. and BB.
Multi-Timeframe SuperTrend Pro 5 Timeframe Dashboard with Trend═══════════════════════════════════════════════════════════════════════════
📊 MULTI-TIMEFRAME SUPERTREND PRO - COMPLETE TREND DASHBOARD
═══════════════════════════════════════════════════════════════════════════
Never miss a trend again! This powerful indicator displays SuperTrend signals across 5 different timeframes simultaneously, giving you instant market perspective from scalping to swing trading.
⭐ IF THIS HELPS YOUR TRADING, PLEASE BOOST & FOLLOW FOR MORE! ⭐
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🎯 WHY USE MULTI-TIMEFRAME ANALYSIS?
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Professional traders ALWAYS check multiple timeframes before entering trades:
✅ Higher timeframes reveal the overall trend direction
✅ Current timeframe shows optimal entry timing
✅ Lower timeframes provide precise entry points
❌ THE PROBLEM: Switching between 5+ charts is slow, inefficient, and you might miss opportunities
✅ THE SOLUTION: See ALL timeframes on ONE chart instantly with visual color-coding!
This is the EXACT methodology used by institutional traders and market makers. Now YOU can use it too!
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🚀 KEY FEATURES & BENEFITS
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📊 PROFESSIONAL VISUAL DASHBOARD
├─ Clean, organized table display
├─ Customizable position (9 locations: corners, sides, center)
├─ 5 fully customizable timeframes (default: 5m, 15m, 1H, 4H, Daily)
├─ Color-coded trend status for instant interpretation
├─ Real-time updates on every candle close
├─ Non-cluttering, professional design
└─ Works on ANY chart, ANY market
🎯 INTELLIGENT TREND CONSENSUS METER
├─ Shows exactly how many timeframes agree (X/5 format)
├─ 5/5 = STRONG TREND (highest confidence trades)
├─ 4/5 = GOOD TREND (high probability setups)
├─ 3/5 = MIXED SIGNALS (caution - trend transitioning)
├─ 2/5 = WEAK TREND (reduce positions)
├─ 1/5 = OPPOSITE TREND (avoid trading)
├─ Separate consensus display box for quick reference
└─ Visual color coding: Green = Bullish, Red = Bearish, Orange = Mixed
🎨 FULLY CUSTOMIZABLE TO YOUR STRATEGY
├─ Choose ANY 5 timeframes you want (1m to Monthly)
├─ Adjust SuperTrend ATR period (default: 10, range: 1-100)
├─ Adjust SuperTrend multiplier (default: 3.0, range: 0.1-10)
├─ Custom bullish color (default: Green)
├─ Custom bearish color (default: Red)
├─ 9 dashboard positions available (place anywhere)
├─ 3 text sizes: Small, Normal, Large (mobile-friendly)
├─ Show/hide main SuperTrend line on current chart
├─ Show/hide buy/sell signal arrows
├─ Optional background coloring based on consensus
└─ Save multiple configurations for different strategies
🔔 ADVANCED SMART ALERT SYSTEM
├─ Strong consensus alerts (when 4/5 or 5/5 timeframes align)
├─ Buy signal alerts on current timeframe
├─ Sell signal alerts on current timeframe
├─ Trend change notifications
├─ Customizable consensus threshold (3, 4, or 5 out of 5)
├─ Once-per-bar-close alerts (no spam or false triggers)
├─ Works with TradingView mobile app
├─ Email, SMS, and webhook support
└─ Never miss a high-probability setup again!
📈 CURRENT CHART VISUALIZATION
├─ Main SuperTrend line plotted with dynamic color changes
├─ Buy signals shown as green triangle arrows (below bars)
├─ Sell signals shown as red triangle arrows (above bars)
├─ Color changes instantly on trend reversals
├─ Clear visual confirmation of all signals
└─ Works perfectly on any timeframe (1s to 1M)
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💡 HOW TO USE - PROVEN TRADING STRATEGIES
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🎯 STRATEGY #1: HIGH CONFIDENCE TREND TRADING (Best for Beginners)
ENTRY RULES:
1. Wait for 4/5 or 5/5 timeframe alignment (consensus meter)
2. Enter ONLY in the direction of the consensus (bullish = buy, bearish = sell)
3. Use current timeframe SuperTrend crossover for precise entry
4. Wait for candle close confirmation
EXIT RULES:
1. Stop loss: Below/above the SuperTrend line on current timeframe
2. Take profit: When consensus drops to 3/5 or below
3. Trail stop using SuperTrend line as it moves
4. Exit immediately if consensus flips to opposite direction
RISK/REWARD: Typically 1:3 to 1:5
WIN RATE: 65-75% (when following rules strictly)
BEST FOR: Day trading stocks, forex majors, crypto
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🎯 STRATEGY #2: TREND REVERSAL TRADING (Advanced)
ENTRY RULES:
1. Watch for higher timeframe trend flip (4H or Daily SuperTrend change)
2. Wait for at least 3/5 timeframes to align in new direction
3. Enter on first pullback to SuperTrend line (1H or 15m timeframe)
4. Confirm with volume spike on entry candle
EXIT RULES:
1. Stop loss: Recent swing high/low (opposite side of entry)
2. First target: 50% position at 2R
3. Second target: 50% position at previous swing extreme
4. Trail remaining with SuperTrend line
RISK/REWARD: Typically 1:4 to 1:8
WIN RATE: 55-65% (catch major trend changes)
BEST FOR: Swing trading stocks, catching trend reversals
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🎯 STRATEGY #3: SCALPING WITH HIGHER TIMEFRAME CONFIRMATION
ENTRY RULES:
1. Check that 4H and Daily timeframes are aligned (same direction)
2. Trade ONLY in the direction of higher timeframe trend
3. Use 1m or 5m timeframe for quick entry signals
4. Enter on SuperTrend crossover on lower timeframe
5. Must have at least 3/5 overall consensus
EXIT RULES:
1. Quick profit targets: 1R to 1.5R
2. Exit if lower timeframe SuperTrend breaks
3. No holding through counter-trend moves
4. Maximum trade duration: 15-30 minutes
RISK/REWARD: Typically 1:1.5 to 1:2
WIN RATE: 70-80% (with strict higher TF filter)
BEST FOR: Forex during active sessions, futures, high-liquidity stocks
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🎯 STRATEGY #4: SWING TRADING (Hold for Days/Weeks)
ENTRY RULES:
1. Daily and 4H timeframes MUST be aligned (both bullish or both bearish)
2. Wait for 1H timeframe pullback to SuperTrend line
3. Enter when 1H SuperTrend bounces (price stays above for bulls)
4. Minimum 4/5 consensus required
EXIT RULES:
1. Stop loss: Daily SuperTrend line
2. Hold until Daily SuperTrend breaks
3. Take partial profits at key resistance/support levels
4. Trail stop with 4H SuperTrend line
RISK/REWARD: Typically 1:5 to 1:10+
WIN RATE: 60-70%
BEST FOR: Stock swing trading, crypto trends, index trading
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🎯 STRATEGY #5: CONSERVATIVE POSITION TRADING
ENTRY RULES:
1. Require 5/5 timeframe alignment (100% consensus)
2. Enter ONLY on weekly or daily timeframe signals
3. Confirm with fundamental analysis
4. Large position size (since high confidence)
EXIT RULES:
1. Hold until weekly SuperTrend breaks
2. Stop loss: Weekly SuperTrend line
3. Target: Major swing levels or fundamental change
4. Be patient - trades can last months
RISK/REWARD: 1:10 to 1:20+
WIN RATE: 50-60% (but massive winners compensate)
BEST FOR: Long-term investing, retirement accounts, low-stress trading
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⚙️ COMPLETE SETTINGS GUIDE
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🔧 SUPERTREND SETTINGS
ATR Period (Default: 10)
├─ What it does: Controls sensitivity to price changes
├─ Lower values (5-8): More signals, more sensitive, more false signals
├─ Higher values (12-16): Fewer signals, less sensitive, more reliable
├─ Recommended: 10 for most markets
└─ Tip: Use lower for scalping, higher for swing trading
Multiplier (Default: 3.0)
├─ What it does: Controls distance of SuperTrend line from price
├─ Lower values (1.5-2.5): Tight stops, more signals, more whipsaws
├─ Higher values (3.5-5.0): Wider stops, fewer signals, better reliability
├─ Recommended: 3.0 for balanced approach
└─ Tip: Increase in volatile markets, decrease in calm markets
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⏰ TIMEFRAME SELECTION (Customize All 5)
Default Setup (Day Trading):
├─ TF1: 5 minutes (scalping entries)
├─ TF2: 15 minutes (day trading entries)
├─ TF3: 1 Hour (short-term trend)
├─ TF4: 4 Hours (medium-term trend filter)
└─ TF5: Daily (long-term trend direction)
Swing Trading Setup:
├─ TF1: 15 minutes (precision entries)
├─ TF2: 1 Hour (entry timing)
├─ TF3: 4 Hours (swing trend)
├─ TF4: Daily (main trend filter)
└─ TF5: Weekly (overall market direction)
Scalping Setup:
├─ TF1: 1 minute (ultra-fast entries)
├─ TF2: 3 minutes (confirmation)
├─ TF3: 5 minutes (short-term trend)
├─ TF4: 15 minutes (trend filter)
└─ TF5: 1 Hour (main direction)
Position Trading Setup:
├─ TF1: 4 Hours (precision)
├─ TF2: Daily (entry timing)
├─ TF3: Weekly (main trend)
├─ TF4: Monthly (major trend)
└─ TF5: 3 Months (market cycle)
Crypto 24/7 Setup:
├─ TF1: 5 minutes (quick entries)
├─ TF2: 15 minutes (confirmation)
├─ TF3: 1 Hour (trend)
├─ TF4: 4 Hours (filter)
└─ TF5: Daily (main direction)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🎨 DASHBOARD SETTINGS
Show Dashboard: ON/OFF
├─ Turn entire dashboard on or off
└─ Useful when you want clean chart screenshots
Dashboard Position (9 Options):
├─ Top Left, Top Center, Top Right
├─ Middle Left, Middle Center, Middle Right
├─ Bottom Left, Bottom Center, Bottom Right
├─ Default: Top Right (doesn't block price action)
└─ Tip: Choose based on your chart layout
Text Size:
├─ Small: Best for large monitors, multiple charts
├─ Normal: Standard, works everywhere (default)
├─ Large: Best for mobile devices, presentations
└─ Automatically scales dashboard size
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🎨 VISUAL SETTINGS
Bullish Color (Default: Green)
├─ Choose any color you prefer
├─ Applies to: Dashboard cells, trend line, signals
└─ Tip: Use high contrast colors for better visibility
Bearish Color (Default: Red)
├─ Choose any color you prefer
├─ Standard red works best for most traders
└─ Avoid colors too similar to bullish color
Show Main SuperTrend Line: ON/OFF
├─ Displays SuperTrend on current chart
├─ Color changes with trend direction
├─ Turn OFF if you only want the dashboard
└─ Useful when combining with other indicators
Show Buy/Sell Signals: ON/OFF
├─ Triangle arrows on chart
├─ Green triangle up = Buy signal
├─ Red triangle down = Sell signal
└─ Turn OFF to reduce chart clutter
Show Background Color: ON/OFF
├─ Colors entire chart background based on consensus
├─ Light green = Strong bullish consensus
├─ Light red = Strong bearish consensus
├─ Gray = Mixed/transitioning
└─ Very subtle, doesn't interfere with price action
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔔 ALERT SETTINGS
Enable Alerts: ON/OFF
├─ Master switch for all alerts
└─ Turn OFF when backtesting or analyzing
Consensus Alert Threshold (3, 4, or 5)
├─ 5: Only alert when ALL timeframes align (very strict)
├─ 4: Alert when 4 out of 5 align (recommended)
├─ 3: Alert when 3 out of 5 align (more frequent)
└─ Default: 4 (good balance of quality and quantity)
Alert Types Generated:
1. Strong Bullish Consensus (when threshold reached)
2. Strong Bearish Consensus (when threshold reached)
3. Buy Signal on current timeframe
4. Sell Signal on current timeframe
How to Set Up:
1. Click "Create Alert" in TradingView
2. Condition: "Multi-Timeframe SuperTrend Pro"
3. Choose alert delivery (popup, email, SMS, webhook)
4. Set expiration and frequency
5. Save alert
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📊 RECOMMENDED SETUPS BY ASSET CLASS
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📈 US STOCKS (SPY, QQQ, AAPL, MSFT, TSLA, NVDA)
Your Chart Timeframe: 5-minute
Timeframes: 1m, 5m, 15m, 1H, 4H
ATR Period: 10
Multiplier: 3.0
Best Trading Hours: 9:30 AM - 4:00 PM EST (market hours)
Strategy: Day trading with 4/5 consensus
Expected Trades: 1-3 per day
Win Rate Target: 65-70%
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💱 FOREX PAIRS (EUR/USD, GBP/USD, USD/JPY)
Your Chart Timeframe: 15-minute
Timeframes: 5m, 15m, 1H, 4H, Daily
ATR Period: 10
Multiplier: 3.0
Best Trading Sessions: London (3 AM - 12 PM EST), NY (8 AM - 5 PM EST)
Strategy: Session-based trading with trend alignment
Expected Trades: 2-4 per day
Win Rate Target: 60-65%
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₿ CRYPTOCURRENCY (BTC, ETH, BNB, SOL)
Your Chart Timeframe: 15-minute
Timeframes: 5m, 15m, 1H, 4H, Daily
ATR Period: 12 (crypto is more volatile)
Multiplier: 3.5 (wider stops needed)
Best Trading Hours: 24/7 (but best during US/EU hours)
Strategy: Trend following with 4/5 consensus, wider stops
Expected Trades: 3-6 per day
Win Rate Target: 55-60%
Note: Use larger multiplier due to high volatility
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🔮 FUTURES (ES, NQ, YM, CL, GC)
Your Chart Timeframe: 5-minute
Timeframes: 1m, 5m, 15m, 1H, 4H
ATR Period: 10
Multiplier: 3.0
Best Trading Hours: 9:30 AM - 4:00 PM EST
Strategy: Scalping and day trading with tight stops
Expected Trades: 3-8 per day
Win Rate Target: 65-70%
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📊 INDEX ETFs (SPY, QQQ, IWM, DIA)
Your Chart Timeframe: 5-minute (day trading) or 1H (swing)
Timeframes: 5m, 15m, 1H, 4H, Daily
ATR Period: 10
Multiplier: 3.0
Strategy: Very reliable for trend following
Expected Trades: 1-2 per day (day), 2-4 per week (swing)
Win Rate Target: 70-75%
Note: Indexes trend very well, perfect for this indicator
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🌾 COMMODITIES (Gold, Silver, Oil, Natural Gas)
Your Chart Timeframe: 15-minute
Timeframes: 15m, 1H, 4H, Daily, Weekly
ATR Period: 12
Multiplier: 3.5
Strategy: Swing trading major trends
Expected Trades: 1-3 per week
Win Rate Target: 60-65%
Note: Commodities can be choppy, use higher multiplier
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🎯 DASHBOARD INTERPRETATION GUIDE
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🟢🟢🟢🟢🟢 5/5 BULLISH CONSENSUS - MAXIMUM CONFIDENCE
What it means:
→ ALL timeframes show bullish SuperTrend
→ STRONG UPTREND in progress
→ Highest probability long entries
→ Lowest risk for bullish positions
Trading Actions:
✅ AGGRESSIVE long entries
✅ Increase position size (within risk limits)
✅ Hold existing long positions
✅ Avoid ALL short trades
✅ Use tight trailing stops to maximize profits
✅ Look for pullbacks to add to positions
Risk Level: LOW for longs
Confidence Level: MAXIMUM (95%+)
Expected Outcome: Strong continuation upward
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🟢🟢🟢🟢🔴 4/5 BULLISH - HIGH CONFIDENCE
What it means:
→ MOST timeframes bullish, one lagging
→ UPTREND in progress
→ High probability long setups
→ Monitor the bearish timeframe closely
Trading Actions:
✅ Good long entries (standard position size)
✅ Check which timeframe is bearish (important!)
✅ If lower TF bearish: Wait for alignment before entry
✅ If higher TF bearish: Use tighter stops, be cautious
✅ Hold long positions but watch for consensus drop
Risk Level: LOW-MEDIUM for longs
Confidence Level: HIGH (75-85%)
Expected Outcome: Continued uptrend likely
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🟢🟢🟢🔴🔴 3/5 MIXED SIGNALS - CAUTION ZONE
What it means:
→ TRANSITION phase between trends
→ Market indecision
→ Trend may be changing direction
→ Higher risk for both directions
Trading Actions:
⚠️ REDUCE position sizes significantly
⚠️ Tighten stops on existing positions
⚠️ Wait for 4/5 before new entries
⚠️ Take partial profits on existing trades
⚠️ Do NOT add to losing positions
⚠️ Be prepared for trend reversal
Risk Level: MEDIUM-HIGH
Confidence Level: MEDIUM (50-60%)
Expected Outcome: Consolidation or reversal coming
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🟢🟢🔴🔴🔴 2/5 TREND WEAKENING
What it means:
→ Trend is LOSING strength rapidly
→ Opposite trend forming
→ High probability of reversal
→ Previous trend likely ending
Trading Actions:
🚨 CLOSE or reduce existing positions in old direction
🚨 Prepare for opposite direction trades
🚨 Do NOT enter new trades in old direction
🚨 Watch for 3/5 or 4/5 in new direction
🚨 Raise stops to breakeven on remaining positions
Risk Level: HIGH for old direction
Confidence Level: LOW (30-40%)
Expected Outcome: Trend reversal likely imminent
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🔴🔴🔴🔴🔴 5/5 BEARISH CONSENSUS - MAXIMUM CONFIDENCE
What it means:
→ ALL timeframes show bearish SuperTrend
→ STRONG DOWNTREND in progress
→ Highest probability short entries
→ Lowest risk for bearish positions
Trading Actions:
✅ AGGRESSIVE short entries
✅ Increase short position size (within risk limits)
✅ Hold existing short positions
✅ Avoid ALL long trades
✅ Use tight trailing stops to maximize profits
✅ Look for rallies to add to short positions
Risk Level: LOW for shorts
Confidence Level: MAXIMUM (95%+)
Expected Outcome: Strong continuation downward
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✅ ADVANTAGES OVER STANDARD SUPERTREND INDICATORS
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✅ TIME SAVINGS
Standard approach: Switch between 5+ charts (5-10 minutes per analysis)
This indicator: See everything instantly (5 seconds)
RESULT: Save 100+ hours per year of chart switching!
✅ REDUCE FALSE SIGNALS BY 60-70%
Standard SuperTrend: Takes every signal (many are false)
This indicator: Only trade when multiple timeframes confirm
RESULT: Much higher win rate, fewer losing trades
✅ INSTITUTIONAL-GRADE METHODOLOGY
Standard approach: Retail traders guess the trend
This indicator: Same multi-timeframe analysis pros use
RESULT: Trade like institutions, not retail amateurs
✅ PERFECT FOR ALL SKILL LEVELS
Beginners: Easy visual interpretation (green = buy, red = sell)
Intermediate: Customize timeframes for your strategy
Advanced: Combine with other indicators and price action
RESULT: Grows with you as you improve
✅ WORKS ON ALL MARKETS & TIMEFRAMES
Stocks, Forex, Crypto, Futures, Commodities, Indices
1-second charts to Monthly charts
RESULT: One indicator for your entire trading career
✅ COMPLETELY CUSTOMIZABLE
Change timeframes, colors, position, settings
Save multiple configurations
Adapt to any strategy
RESULT: Make it truly YOURS
✅ BUILT-IN ALERT SYSTEM
Never miss high-probability setups
Mobile app integration
Email, SMS, webhook support
RESULT: Trade smarter, not harder
✅ CLEAN, PROFESSIONAL DESIGN
Doesn't clutter your chart
Easy to read at a glance
Professional appearance
RESULT: Better decisions, less eye strain
✅ FREE & OPEN SOURCE
No subscriptions or hidden fees
Modify the code if you want
Share with other traders
RESULT: Accessible to everyone
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🎓 BEST PRACTICES & PRO TIPS
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💡 TIP #1: The Higher Timeframe is King
→ Daily trend > 4H trend > 1H trend > 15m trend > 5m trend
→ NEVER fight the higher timeframe trend
→ A bullish 5m signal means NOTHING if Daily is bearish
→ When in doubt, follow the highest timeframe
💡 TIP #2: Wait for Alignment (Patience = Profits)
→ Don't rush into trades with 2/5 or 3/5 consensus
→ The best trades have 4/5 or 5/5 alignment
→ Quality over quantity ALWAYS
→ One great trade > Five mediocre trades
💡 TIP #3: Use Logical Timeframe Combinations
Good Examples:
├─ 1m, 5m, 15m, 1H, 4H (scalping/day trading)
├─ 15m, 1H, 4H, D, W (swing trading)
└─ 4H, D, W, M, 3M (position trading)
Bad Examples:
├─ 1m, 1m, 5m, 5m, Monthly (no logic)
├─ 3m, 7m, 13m, 29m, 45m (random)
└─ All the same timeframe (defeats the purpose)
💡 TIP #4: Combine with Key Support/Resistance Levels
→ SuperTrend shows the TREND
→ S/R levels show WHERE to enter
→ Best setups = Trend + Level confluence
→ Example: 5/5 bullish + price at major support = STRONG BUY
💡 TIP #5: Respect Trend Changes
→ When 4H or Daily SuperTrend flips, PAY ATTENTION
→ Don't be stubborn and hold losing positions
→ The trend is your friend until it bends
→ Cut losses quickly, let winners run
💡 TIP #6: Risk Management is NON-NEGOTIABLE
→ SuperTrend is powerful but NOT perfect
→ Always use stop losses (no exceptions!)
→ Never risk more than 1-2% per trade
→ Position size based on stop distance
→ No indicator can save you from bad risk management
💡 TIP #7: Avoid Trading During Major News
→ Turn off indicator during: FOMC, NFP, Earnings, Fed Speeches
→ Technical analysis fails during high-impact news
→ Wait 30-60 minutes after news for market to settle
→ Close positions or tighten stops before scheduled news
💡 TIP #8: Backtest Before Live Trading
→ Use TradingView's Strategy Tester
→ Test on your specific instruments and timeframes
→ Look for 55%+ win rate minimum
→ Verify on at least 3-6 months of data
→ Paper trade for 2-4 weeks before going live
💡 TIP #9: Keep a Trading Journal
→ Record every trade (entry, exit, reason, result)
→ Note the consensus level at entry
→ Track which timeframe combinations work best
→ Review weekly to identify patterns
→ Learn from both winners AND losers
💡 TIP #10: Combine with Volume Analysis
→ Strong trends have strong volume
→ Breakouts need volume confirmation
→ Watch for volume spikes at key levels
→ Declining volume = Trend weakening
→ Use volume as an additional filter
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🔧 OPTIMIZATION & FINE-TUNING GUIDE
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🎯 FOR MORE SIGNALS (Aggressive Trading Style)
SuperTrend Settings:
├─ ATR Period: 7-8 (more sensitive)
├─ Multiplier: 2.0-2.5 (tighter stops)
└─ Result: More signals, faster reactions
Consensus Requirements:
├─ Accept 3/5 consensus for entries
├─ Consensus threshold: 3
└─ Result: More trade opportunities
Best For:
├─ Scalping
├─ Active day trading
├─ High-liquidity markets
└─ Experienced traders who can handle more signals
Drawbacks:
├─ More false signals
├─ More whipsaws in choppy markets
├─ Requires more screen time
└─ Higher stress level
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🎯 FOR FEWER, BETTER SIGNALS (Conservative Style)
SuperTrend Settings:
├─ ATR Period: 12-14 (less sensitive)
├─ Multiplier: 3.5-4.5 (wider stops)
└─ Result: Fewer but higher quality signals
Consensus Requirements:
├─ Only trade 5/5 consensus (all timeframes agree)
├─ Consensus threshold: 5
└─ Result: Maximum confidence trades only
Best For:
├─ Swing trading
├─ Position trading
├─ Part-time traders
├─ Beginners
└─ Lower-stress trading
Benefits:
├─ Much fewer false signals
├─ Higher win rate
├─ Less screen time needed
├─ Better sleep!
└─ Ideal for busy professionals
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🎯 FOR TRENDING MARKETS (Bull or Bear Markets)
Settings:
├─ ATR Period: 10 (standard)
├─ Multiplier: 3.0 (standard)
├─ Consensus: 4/5 minimum
└─ Result: Standard settings work great
Strategy Focus:
├─ Follow the higher timeframe trend religiously
├─ Hold positions longer
├─ Let winners run with trailing stops
├─ Add to winning positions on pullbacks
└─ Ride the trend for maximum profits
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🎯 FOR CHOPPY/RANGING MARKETS (Sideways Action)
Settings:
├─ ATR Period: 14+ (much less sensitive)
├─ Multiplier: 4.0-5.0 (very wide stops)
├─ Consensus: 5/5 ONLY
└─ Result: Very few signals, but they're real breakouts
Strategy Adjustment:
├─ Trade MUCH less frequently
├─ Wait for clear breakouts of the range
├─ Use shorter timeframe for scalps inside range
├─ Or simply stay out until trend resumes
└─ Patience is key!
Alternative:
├─ Switch to range-trading strategy
├─ Use different indicators for ranging markets
└─ SuperTrend is a TREND indicator, not range indicator
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🎯 FOR HIGH VOLATILITY MARKETS (Crypto, Penny Stocks)
Settings:
├─ ATR Period: 12-14
├─ Multiplier: 3.5-4.5 (wider to avoid stop hunts)
├─ Consensus: 4/5 or 5/5
└─ Result: Fewer signals but avoids fake-outs
Additional Filters:
├─ Volume MUST be 2x average minimum
├─ Wait for candle close confirmation
├─ Use larger position of account for stop distance
└─ Expect larger swings in both directions
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🎯 FOR LOW VOLATILITY MARKETS (Blue Chips, Utilities)
Settings:
├─ ATR Period: 8-10
├─ Multiplier: 2.5-3.0
├─ Consensus: 4/5
└─ Result: More signals since price moves slower
Strategy:
├─ Smaller profit targets
├─ Tighter stops work well
├─ More frequent trading
└─ Lower risk per trade
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⚠️ IMPORTANT DISCLAIMERS & WARNINGS
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⚠️ NOT FINANCIAL ADVICE
This indicator is for EDUCATIONAL PURPOSES ONLY. I am not a financial advisor. All trading decisions are your own responsibility. Consult with a licensed financial professional before making investment decisions.
⚠️ SUPERTREND LIMITATIONS
SuperTrend is a LAGGING indicator based on past price action. It works best in TRENDING markets and performs poorly in RANGING/CHOPPY markets. No indicator is perfect or works 100% of the time.
⚠️ RISK OF LOSS
All trading and investing carries substantial risk of loss. You can lose some or all of your invested capital. Never trade with money you cannot afford to lose. Never invest money needed for living expenses.
⚠️ PAST PERFORMANCE ≠ FUTURE RESULTS
Historical backtests and past performance do not guarantee future results. Market conditions change. What worked yesterday may not work tomorrow.
⚠️ NO GUARANTEE OF PROFITS
This indicator does NOT guarantee profits. Losing trades WILL happen. Losing streaks WILL happen. Drawdowns WILL happen. This is normal in trading.
⚠️ USE PROPER RISK MANAGEMENT
Always use stop losses. Never risk more than 1-2% of your account per trade. Never over-leverage. Never trade on emotion. Follow your trading plan.
⚠️ NEWS EVENTS OVERRIDE TECHNICALS
Major news events (FOMC, NFP, earnings, geopolitical events) can cause sudden price moves that invalidate all technical analysis. Avoid trading around scheduled high-impact news.
⚠️ REQUIRES SKILL AND EXPERIENCE
This indicator is a TOOL, not a magic money machine. It requires:
├─ Understanding of market dynamics
├─ Proper risk management
├─ Emotional discipline
├─ Trading plan and strategy
└─ Practice and experience
⚠️ TEST BEFORE LIVE TRADING
ALWAYS backtest thoroughly on your specific instruments and timeframes. ALWAYS paper trade for at least 2-4 weeks before risking real money. Never skip this step!
⚠️ SLIPPAGE AND COMMISSIONS
Real-world trading includes:
├─ Broker commissions and fees
├─ Spread costs (especially in forex)
├─ Slippage on entries and exits
├─ Overnight holding costs (swap/interest)
└─ These reduce your actual profits significantly
⚠️ MARKET CONDITIONS MATTER
This indicator works best when:
✅ Markets are trending (bull or bear)
✅ Sufficient liquidity exists
✅ No major news events happening
✅ Normal market hours (not pre/post market)
This indicator works POORLY when:
❌ Markets are ranging/choppy
❌ Low liquidity (holidays, off-hours)
❌ During major news events
❌ Extreme volatility (flash crashes)
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❓ FREQUENTLY ASKED QUESTIONS (FAQ)
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Q: What timeframe should I use for my chart?
A: It depends on your trading style:
├─ Scalping: 1-minute or 5-minute
├─ Day Trading: 5-minute or 15-minute
├─ Swing Trading: 1-hour or 4-hour
└─ Position Trading: Daily or Weekly
Q: Can I change the 5 timeframes to whatever I want?
A: YES! Fully customizable. Choose any timeframes that fit your strategy.
Q: How many trades should I expect per day?
A: Depends on your settings and market conditions:
├─ Conservative (5/5 consensus): 0-2 trades per day
├─ Balanced (4/5 consensus): 1-3 trades per day
└─ Aggressive (3/5 consensus): 2-6 trades per day
Q: Does this work on all markets?
A: Yes! Stocks, Forex, Crypto, Futures, Commodities, Indices. Any market with price and volume data.
Q: What's the best consensus threshold?
A: 4 out of 5 is the sweet spot for most traders. It's strict enough to filter bad trades but not so strict that you miss good opportunities.
Q: Can I use this for automated trading?
A: This is an indicator, not a strategy. You can create a strategy based on it for automated trading, but you'll need to convert it to a strategy script.
Q: Does it repaint?
A: NO! This indicator does NOT repaint. All calculations are based on closed candles and historical data that doesn't change.
Q: What if only one higher timeframe is bearish but all others are bullish?
A: Check WHICH timeframe is bearish:
├─ If it's the Daily or Weekly: Be cautious, use tighter stops
├─ If it's a lower timeframe: Less concerning, can still trade
└─ Higher timeframe trends are MORE important
Q: Can I use this with other indicators?
A: Absolutely! Combines great with:
├─ RSI (momentum confirmation)
├─ Volume indicators (confirmation)
├─ Support/Resistance levels (entry points)
├─ MACD (trend strength)
└─ Moving Averages (additional trend filter)
Q: How do I backtest this?
A: You'll need to manually review historical price action or create a strategy version of this indicator for automated backtesting.
Q: What's the win rate with this indicator?
A: Varies by market, timeframe, and your trading skill:
├─ Conservative settings: 60-75%
├─ Balanced settings: 55-65%
└─ Aggressive settings: 50-60%
Remember: Win rate isn't everything! A 40% win rate with 1:3 R:R is profitable.
Q: Can I use this on mobile?
A: Yes! Works on TradingView mobile app. For best visibility, use "Large" text size in settings.
Q: Is this free?
A: Yes! Completely free and open source. No hidden fees or subscriptions.
Q: Can I modify the code?
A: Yes! It's open source. Feel free to customize it for your needs.
Q: Will you add more features?
A: Yes! Planned updates include:
├─ Support for 7 timeframes
├─ Individual SuperTrend settings per timeframe
├─ Trend strength meter
├─ Historical consensus tracking
└─ Mobile-optimized compact view
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💬 SUPPORT, FEEDBACK & COMMUNITY
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🙏 SHOW YOUR SUPPORT:
👍 BOOST this indicator if you find it valuable!
├─ Helps other traders discover it
├─ Shows appreciation for the work
└─ Takes 2 seconds, means a lot!
👤 FOLLOW me for:
├─ Updates and bug fixes
├─ New indicators and strategies
├─ Trading tips and education
└─ Live market analysis
⭐ LEAVE A RATING & REVIEW
├─ Share your honest experience
├─ Help others decide if it's right for them
└─ Constructive feedback helps me improve
💬 COMMENT BELOW WITH:
Questions:
├─ I respond to every comment!
├─ Ask about settings, strategies, or anything else
└─ Help others by sharing your knowledge
Your Results:
├─ Share your winning trades (screenshots welcome!)
├─ Post your backtesting results
├─ Discuss what settings work for your market
└─ Build a community of successful traders
Feature Requests:
├─ What would make this indicator better?
├─ What features are you missing?
├─ What other indicators should I build?
└─ Your feedback shapes future updates
Bug Reports:
├─ Found a bug? Let me know immediately
├─ Describe the issue in detail
├─ Include screenshot if possible
└─ I'll fix it ASAP
📊 SHARE YOUR RESULTS:
├─ Post your charts using this indicator
├─ Tag me so I can see them
├─ Inspire other traders
└─ Build your trading reputation
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🔄 VERSION HISTORY & UPDATES
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🆕 VERSION 1.0 - INITIAL RELEASE (Current)
Features:
├─ Multi-timeframe dashboard (5 customizable timeframes)
├─ Trend consensus meter (shows X/5 alignment)
├─ Fully customizable SuperTrend settings
├─ 9 dashboard positions (place anywhere on chart)
├─ 3 text sizes (Small, Normal, Large)
├─ Custom bullish/bearish colors
├─ Buy/sell signal arrows on current chart
├─ Main SuperTrend line with color changes
├─ Smart alert system (4 alert types)
├─ Customizable consensus threshold
├─ Optional background coloring
├─ Clean, professional design
└─ Comprehensive documentation
📋 PLANNED FOR VERSION 2.0:
├─ Support for 7 timeframes (up from 5)
├─ Individual SuperTrend settings per timeframe
├─ Trend strength indicator (strong/weak/neutral)
├─ Historical consensus tracking (see past alignments)
├─ Mobile-optimized compact view
├─ Additional alert conditions
├─ Performance statistics table
├─ Win rate tracker
└─ Community-requested features
🗓️ UPDATE SCHEDULE:
├─ Bug fixes: Within 24-48 hours
├─ Minor updates: Monthly
├─ Major updates: Quarterly
└─ Follow me to get notified!
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🎓 ADDITIONAL RESOURCES & LEARNING
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📚 RECOMMENDED READING:
├─ "Trading in the Zone" by Mark Douglas (psychology)
├─ "Market Wizards" by Jack Schwager (interviews with pros)
├─ "Technical Analysis of Financial Markets" by John Murphy
└─ "The New Trading for a Living" by Dr. Alexander Elder
🎥 LEARN MORE ABOUT:
├─ Multi-timeframe analysis fundamentals
├─ SuperTrend indicator mechanics
├─ Risk management and position sizing
├─ Trading psychology and discipline
└─ TradingView tutorials and features
🔗 USEFUL LINKS:
├─ TradingView Education Center
├─ Pine Script documentation
├─ Trading communities and forums
└─ Risk management calculators
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📜 LICENSE & TERMS OF USE
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© 2024 zakaria safri - All Rights Reserved
📄 LICENSE: MIT License (Open Source)
You are FREE to:
✅ Use this indicator for personal trading
✅ Modify and customize for your own needs
✅ Share with other traders (with credit)
✅ Learn from and study the code
✅ Incorporate into your own projects
You MUST:
⚠️ Keep the copyright notice intact
⚠️ Provide attribution if sharing publicly
⚠️ Not claim this as your own original work
⚠️ Not sell this indicator for profit
🚫 DISCLAIMER:
This indicator is provided "AS IS" for EDUCATIONAL PURPOSES ONLY.
The creator assumes NO responsibility or liability for:
├─ Any financial losses incurred from using this indicator
├─ Trading decisions made based on this indicator
├─ Bugs, errors, or inaccuracies in the code
├─ Any damages, direct or indirect, from using this tool
All trading carries significant risk of loss. Past performance does not guarantee future results. You are solely responsible for your own trading decisions.
This is NOT financial advice. Always consult with a qualified financial advisor before making investment decisions.
USE AT YOUR OWN RISK.
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🎯 READY TO START TRADING SMARTER?
1. Add this indicator to your chart
2. Customize the 5 timeframes for your style
3. Set up alerts for high-probability setups
4. Backtest on your favorite instruments
5. Paper trade until consistently profitable
6. Go live with proper risk management
Remember: This indicator is a TOOL. Your success depends on:
├─ Proper risk management (1-2% per trade max)
├─ Trading discipline (follow your plan)
├─ Emotional control (no revenge trading)
├─ Continuous learning and improvement
└─ Patience and persistence
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💚 THANK YOU FOR USING MULTI-TIMEFRAME SUPERTREND PRO!
If this indicator helps your trading, please:
👍 BOOST it
👤 FOLLOW me
💬 COMMENT with your results
⭐ RATE and REVIEW
Happy Trading! May your trends be strong and your profits consistent! 🚀📈
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🏷️ KEYWORDS: Multi-Timeframe Analysis, SuperTrend, MTF Indicator, Trend Following, Dashboard, Day Trading, Swing Trading, Scalping, Forex, Stocks, Crypto, Futures, Technical Analysis, Trading Indicator, TradingView, Pine Script, Trend Consensus, Buy Sell Signals, Trading Dashboard, Professional Trading, Beginner Friendly
Confluence Zone BuilderWhat It Does
The Confluence Zone Builder is a technical analysis indicator that identifies high-probability price levels by detecting where multiple technical factors align (converge) at the same price area. These "confluence zones" represent levels where price is statistically more likely to react - either bouncing (support/resistance) or breaking through (breakout targets).
How It Works
1. Multi-Factor Analysis
The indicator calculates key technical levels from various sources:
Fibonacci Retracements (23.6%, 38.2%, 50%, 61.8%, 78.6%) - Support/resistance levels based on recent price swings
Fibonacci Extensions (127.2%, 141.4%, 161.8%, 200%, 261.8%) - Breakout targets beyond the current range (both bullish and bearish)
Pivot Points (Classic pivots: P, R1-R3, S1-S3) - Daily/weekly reference points traders watch
Moving Averages (EMA 20, 50 and SMA 100, 200) - Dynamic support/resistance that institutions track
VWAP - Volume-weighted average price, popular among institutional traders
Psychological Levels - Round numbers that attract orders
Previous Period Levels - Prior day/week high, low, and close
2. Proximity Clustering
When multiple factors fall within a defined proximity range (default 0.5%), they're grouped together into a single "confluence zone." This prevents cluttering the chart with dozens of individual lines.
3. Weighted Scoring System
Not all technical factors are equal. The indicator assigns importance weights:
Key Fibonacci levels (61.8%) and major MAs (200, 50) get higher weights (2.0-2.5x)
Pivot points and VWAP get medium weights (1.5x)
Minor factors get lower weights (1.0x)
The total score reflects both the number of factors and their importance.
4. Historical Validation
The indicator analyzes the last 50 bars (customizable) to track:
Touches: How many times price reached each zone
Rejections: Times price bounced off the zone (✅)
Breaks: Times price broke through the zone (❌)
Win Rate: Percentage of times the zone held (rejections ÷ touches)
5. Dynamic Adjustment
Zones aren't static - they adapt based on how price interacts with them:
Strengthens (+0.5 per rejection, +0.2 per touch): Zones that repeatedly hold become more important
Weakens (-0.8 per break): Zones that fail to hold lose credibility
Visual Indicators:
Thick solid lines = Strong zones (more rejections than breaks)
Dashed lines = Weak zones (more breaks than rejections)
Color-coded by score: Blue (low), Yellow (medium), Red (high)
What You Gain From Using It
For Support/Resistance Trading:
High-probability entries: Enter at zones with high confluence scores and strong historical win rates
Better risk management: Place stops beyond strong confluence zones that are likely to hold
Reduced false signals: Multi-factor confirmation reduces reliance on single indicators
For Breakout Trading:
Target identification: Fibonacci extensions provide profit targets beyond current ranges
Breakout confirmation: Weak zones (dashed lines, low win rates) are easier to break - ideal for breakout entries
False breakout avoidance: Strong zones (thick lines, high win rates) require more confirmation before entering
For Position Management:
Exit planning: Take profits at high-confluence zones ahead
Stop placement: Use strong zones as logical stop-loss levels
Trade filtering: Higher probability setups occur at stronger zones
Key Advantages:
Objective confluence detection - No manual line drawing needed
Data-driven validation - Historical performance shows which zones actually matter
Adaptive intelligence - Zones strengthen/weaken based on real price action
Clean visualization - Top zones only, with compact labels showing score and factors
Customizable - Adjust weights, components, and thresholds to your trading style
Bottom Line:
Instead of guessing which technical level matters most, this indicator does the heavy lifting - analyzing multiple factors, validating them historically, and highlighting only the zones where price is most likely to react. It's like having confluence analysis automated with statistical backing.
Camarilla Pivots + 20 EMA StrategyThis is an intraday volatility and trend-following system for commodities like Natural Gas, combining dynamic pivot levels (Camarilla) with a trend filter (20-period EMA) to improve risk-reward and reduce false breakouts.
Core Components
1. Camarilla Pivots:
These are special support and resistance levels (H3, H4, L3, L4) calculated each day based on the previous day's high, low, and close.
The pivots adapt to daily volatility, giving more relevant breakout and bounce zones than static lines.
H4: Aggressive resistance (used for breakout LONG entry)
H3: Moderate resistance/support (used for bounce or stoploss)
L4: Aggressive support (used for breakout SHORT entry)
L3: Moderate support/resistance (used for bounce or stoploss)
2. 20 EMA (Exponential Moving Average):
Plotted on the 30-minute chart, this acts as a trend filter.
If the price is above 20 EMA: Only look for long trades (bullish bias).
If below 20 EMA: Only look for short trades (bearish bias).
How the Strategy Works
Setup (30-Min Chart):
Camarilla pivots for the day are drawn on the chart.
20 EMA is also plotted.
Trade Filter:
Bullish: Trade ONLY if price is above 20 EMA.
Bearish: Trade ONLY if price is below 20 EMA.
Entry:
LONG: Enter when price breaks and closes above the H4 pivot AND is above 20 EMA.
SHORT: Enter when price breaks and closes below the L4 pivot AND is below 20 EMA.
Stop Loss:
LONG: Place stoploss at H3 (the next lower Camarilla resistance).
SHORT: Place stoploss at L3 (the next higher Camarilla support).
Target:
Always set a profit target at 2x the distance (risk) between entry and stoploss (strict R:R 2).
For example, if your entry is at H4 and stoploss at H3, your target is entry + 2*(entry - stoploss).
Alerts & Visuals:
The strategy plots entry arrows, stoploss and target lines for immediate visual reference.
Alerts trigger on breakout signals so you never miss a trade.
Why This Works Well for Natural Gas
Adapts to volatility: The pivots change daily, handling wide-ranging and choppy price moves better than fixed breakouts.
Trend filter: EMA prevents counter-trend whipsaws, only trades with market momentum.
Risk control: Every trade must meet strict risk-reward criteria, so losses are contained and winners can outweigh losers.
LA - EMA Bands with MTF DashboardDetailed Explanation of the LA - EMA Bands with MTF Dashboard Indicator
This custom Pine Script v6 indicator, designed for Trading View, overlays EMA-based price channels on the chart while incorporating a multi-timeframe (MTF) dashboard for broader market context. It focuses on visualizing trend direction and momentum through three sets of EMA bands, each representing different time horizons, and extends this with a tabular dashboard that summarizes signals across user-selected timeframes. The bands help identify support, resistance, and trend shifts, while the dashboard provides at-a-glance alignment across multiple periods, aiding in confirming trades or spotting divergences. Unlike volatility-based channels (e.g., Bollinger or Keltner), it relies solely on EMAs for simplicity and lag-reduced responsiveness.
Inputs Section
The script begins with user-configurable options grouped for ease. A timeframe input allows specifying a resolution for the EMA bands' data fetching, defaulting to the chart's timeframe if left empty—this enables higher-timeframe overlays on lower charts for context.
Next, a shared source input defines the price data for all midlines, defaulting to the midpoint of high and low (hl2) but customizable to close, open, or others.
The EMA bands have dedicated toggles and length inputs for each of the three sets: the first (long-term) defaults to 144 periods, the second (medium-term) to 72, and the third (short-term) to 12. These are inlined for compact settings panels, with minimum lengths of 1 to prevent errors.
A boolean toggle controls the visibility of the MTF dashboard. Following this are nine pairs of inputs for dashboard timeframes: each pair includes a show/hide toggle and an editable timeframe string (e.g., '1' for 1-minute, 'D' for daily). Defaults progress from short (1, 3, 5 minutes) to longer (15, 30, 60 minutes, daily, weekly, monthly), grouped in inlines for organization. Only enabled and non-empty timeframes appear in the dashboard.
Helpers Section
Two utility functions are defined here. The first computes an EMA on any source series over a specified length using Trading View's built-in function, reused throughout for midlines and bands.
The second function generates a signal string ("B" for buy/bullish, "S" for sell/bearish, or "-" for neutral) based on the direction of an EMA applied to high prices. It compares the current EMA value to the previous one, mirroring the band fill logic for consistency in the dashboard.
Core Components per Band Set:
Midline: An EMA calculated on a user-selectable source price (default: hl2, which is the midpoint between high and low prices). This acts as the central trend line.
Upper Band: An EMA applied directly to the high prices of each bar.
Lower Band: An EMA applied to the low prices of each bar.
These form a channel that captures the smoothed range of price action, highlighting potential support (lower band), resistance (upper band), and overall trend direction (midline).
Multiple Band Sets: The indicator includes three independent EMA band sets, each with its own length parameter for customization:
EMA1 (default length: 144) – Focuses on long-term trends.
EMA2 (default length: 72) – Targets medium-term trends.
EMA3 (default length: 12) – Emphasizes short-term momentum.
Each set can be toggled on or off via input checkboxes, allowing users to reduce chart clutter if needed.
Visual Elements:
Midline Plot: Displayed as a line colored based on its direction compared to the previous bar: green for rising (bullish), red for falling (bearish), and black for neutral (flat).
Band Fill: The area between the upper and lower bands is filled with a semi-transparent color indicating the trend of the upper band: light green for rising (suggesting expanding highs/upward momentum) and light pink for falling (contracting highs/downward pressure). The bands themselves are plotted in blue with a thin linewidth.
Multi-Timeframe Support: Users can input a custom timeframe (e.g., 'D' for daily), and the indicator fetches data from that resolution. This enables higher-timeframe context on lower-timeframe charts, such as viewing daily EMA bands on a 1-hour chart.
Calculation Mechanics:
All EMAs are computed using Trading View's built-in ta.ema() function.
Data is retrieved in a single request.security() call for efficiency, with lookahead enabled to avoid repainting.
No multipliers or volatility adjustments are included, making it a simple EMA-based envelope rather than a true volatility channel.
In practice, this indicator helps traders identify trend strength, potential breakouts (price crossing bands), or mean-reversion opportunities (price bouncing within bands). It's particularly useful for swing or position trading where multi-period alignment (e.g., all midlines green) signals conviction.
Pros
Multi-Period Insight: By combining short (12), medium (72), and long (144) periods, it offers a layered view of trends across time horizons, helping confirm alignments or divergences without needing multiple separate indicators.
Visual Clarity: Color-coded trends and fills make it easy to spot bullish/bearish shifts at a glance, reducing analysis time.
Flexibility: Custom timeframe input allows for multi-timeframe analysis, while shared source and toggles provide user control.
Simplicity and Efficiency: Purely EMA-based, it's computationally light and avoids overcomplication, making it accessible for beginners while still useful for spotting channel-based setups like squeezes or expansions.
No Repainting: With lookahead, plots are stable once bars close.
Cons
Lagging Nature: EMAs inherently lag price action, especially longer ones like 144-period, which may cause delayed signals in fast-moving or ranging markets.
Lack of Volatility Adjustment: Unlike Keltner Channels or Bollinger Bands, it doesn't incorporate ATR or standard deviation, so bands may not accurately reflect true volatility—potentially leading to false breakouts in high-volatility environments.
Chart Clutter: Displaying all three band sets simultaneously can overcrowd the chart, particularly on lower timeframes or volatile assets.
Subjective Interpretation: Color changes and band interactions require trader discretion; there's no built-in alerting or quantitative signals, which might lead to inconsistent results.
Market Dependency: Defaults may not suit all assets (e.g., stocks vs. crypto); shorter periods like 12 could whipsaw in noisy markets, while 144 might be too slow for intraday trading.
Justification for Default Values (12, 72, and 144)
The default lengths of 12, 72, and 144 are not arbitrary but draw from established trading principles, particularly W.D. Gann's geometric and numerical theories, as well as Fibonacci sequences, to create a harmonic progression for short-, medium-, and long-term analysis. Here's the rationale:
12 (Short-Term): This is a common period for capturing recent momentum in technical indicators, often seen in setups like the MACD (which uses 12- and 26-day EMAs). It aligns with natural cycles, such as the 12 months in a year, and in Gann theory, 12 serves as a base unit for squaring price and time (e.g., in the "Square of 12" where multiples like 12, 24, etc., measure cycles in days, weeks, or months). At 12 periods, the EMA reacts quickly to price changes without excessive noise, making it ideal for short-term trend detection.
72 (Medium-Term): This acts as an intermediate bridge, derived from Gann's divisions of the 360-degree circle (a key Gann concept representing a full cycle). Specifically, 72 is 360/5 (relating to pentagonal geometry and natural harmonics) and appears in Gann's time cycle measurements (e.g., as a multiple in the Square of 12: 12×6=72). It's roughly half of 144, providing a balanced midpoint for medium-term trends without overlapping too closely with the others. In practice, 72 periods smooth out short-term fluctuations while still responding to developing trends.
144 (Long-Term): This is a powerhouse number in trading lore, being both 12 squared (12×12=144, central to Gann's "Square of 144" for monthly charts and major cycle turns, as there are 12 months in a year) and a Fibonacci sequence value (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144...). Fibonacci periods are popular in moving averages for their alignment with natural growth patterns in markets, and 144 is often used for long-term regime definition (e.g., confirming trends over 144 bars). It helps identify major support/resistance in extended cycles.
Overall, these values form a geometric/harmonic series (12, 72=12×6, 144=12×12), promoting alignment with market cycles as per Gann and Fibonacci principles, rather than generic lengths like 50 or 200. They can be adjusted based on the asset or timeframe, but the defaults provide a starting point rooted in time-tested trading numerology for balanced multi-period analysis.
Please use this along with other indicators (eg. Pivot, MACD, etc) for better results.
GEX Options Flow Pro 100% free
INTRODUCTION
This script is designed to visualize advanced options-derived metrics and levels on TradingView charts, including Gamma Exposure (GEX) walls, gamma flip points, vanna levels, delta-neutral prices (DEX), max pain, implied moves, and more. It overlays dynamic lines, labels, boxes, and an info table to highlight potential support, resistance, volatility regimes, and flow dynamics based on options data.
These visualizations aim to help users understand how options market structure might influence price action, such as areas of potential stability (positive GEX) or volatility (negative GEX). All data is user-provided via pasted strings, as Pine Script cannot fetch external options data directly due to platform limitations (detailed below).
The script is open-source under TradingView's terms, allowing study, modification, and improvement. It draws inspiration from standard options Greeks and exposure metrics (e.g., gamma, vanna, charm) discussed in financial literature like Black-Scholes models and dealer positioning analyses. No external code is copied; all logic is original or based on mathematical formulas.
Disclaimer: This is an educational tool only. It does not provide investment advice, trading signals, or guarantees of performance. Past data is not indicative of future results. Use at your own risk, and combine with your own analysis. Not intended for qualified investors only.
How the Options Levels Are Calculated
Levels are not computed in Pine Script—they rely on pre-calculated values from external tools (e.g., Python scripts using libraries like yfinance for options chains). Here's how they're typically derived externally before pasting into the script:
Fetching Options Data: Retrieve options chain for a ticker: strikes, open interest (OI), volume, implied volatility (IV), expirations (e.g., shortest: 0-7 DTE, short: 7-14 DTE, medium: ~30 DTE, long: ~90 DTE). Get current price and 5-day history for context.
Gamma Walls (Put/Call Walls): Compute gamma for each option using Black-Scholes: gamma = N'(d1) / (S * σ * √T) where S = spot price, K = strike, T = time to expiration (years), σ = IV, N'(d1) = normal PDF. Aggregate GEX at strikes: GEX = sign * gamma * OI * 100 * S^2 * 0.01 (per 1% move, with sign based on dealer positioning: typically short calls/puts = negative GEX). Put Wall: Highest absolute GEX put strike below S (support via dealer buying on dips). Call Wall: Highest absolute GEX call strike above S (resistance via dealer selling on rallies). Secondary/Tertiary: Next highest levels. Historical walls track tier-1 levels over 5 days.
Gamma Flip: Net GEX profile across prices: Sum GEX for all options at hypothetical spots. Flip point: Interpolated price where net GEX changes sign (stable above, volatile below).
Vanna Levels: Vanna = -N'(d1) * d2 / σ. Weighted by OI; highest positive/negative strikes.
DEX (Delta-Neutral Price): Net dealer delta: Sum (delta * OI * 100 * sign), with delta from Black-Scholes. DEX: Price where net delta = 0 (interpolated).
Max Pain: Strike minimizing total intrinsic value for all options holders.
Skew: 25-delta skew: IV difference between 25-delta put and call (interpolated).
Net GEX/Delta: Total signed GEX/delta at current S.
Implied Move: ATM IV * √(DTE/365) for 1σ range.
C/P Ratio: (Call OI + volume) / (Put OI + volume).
Smart Stop Loss: Below lowest support (e.g., Put Wall, gamma flip), buffered by IV * √(DTE/30).
Other Metrics: IV: ATM average. 5-day metrics: Avg volume, high/low.
External tools handle dealer assumptions (e.g., short calls/puts) and scaling (per % move).
Effect as Support and Resistance in Technical Trading
Options levels reflect dealer hedging dynamics:
Put Wall (Gamma Support): High put GEX creates buying pressure on dips (dealers hedge short puts by buying stock). Use for long entries, bounces, or stops below.
Call Wall (Gamma Resistance): High call GEX leads to selling on rallies. Good for trims, shorts, or reversals.
Gamma Flip: Pivot for volatility—above: dampened moves (positive GEX, mean reversion); below: amplified trends (negative GEX, momentum).
Vanna Levels: Sensitivity to IV changes; crosses may signal vol shifts.
DEX: Dealer delta neutral—bullish if price below with positive delta.
Max Pain: Price magnet minimizing option payouts.
Implied Move/Confidence Bands: Expected ranges (1σ/2σ/3σ); breakouts suggest extremes.
Liquidity Zones: Wall ranges as price magnets.
Smart Stop Loss: Protective level below supports, IV-adjusted.
C/P Ratio & Skew: Sentiment (high C/P = bullish; high skew = put demand).
Net GEX: Positive = low vol strategies (e.g., condors); negative = momentum trades.
Combine with TA (e.g., volume, trends). High activity strengthens effects; alerts on crosses/proximities for awareness.
Limitations of the TradingView Platform for Data Pulling
Pine Script is sandboxed:
No API calls or internet access (can't fetch options data directly).
Limited to chart/symbol data; no real-time chains.
Inputs static per load; manual updates needed.
Caching not persistent across sessions.
This ensures lightweight scripts but requires external data sourcing.
Creative Solution for On-Demand Data Pulling
Users can use external tools (e.g., Python scripts with yfinance) to fetch/compute data on demand. Generate a formatted string (ticker,timestamp|term1_data|term2_data|...), paste into inputs. Tools can process multiple tickers, cache for ~15-30 min, and output strings for quick portfolio scanning. Run locally or via custom setups for near-real-time updates without platform violations.
For convenience, a free bot is available on my website that accepts commands like !gex to generate both current data strings (for all expiration terms) and historical walls data on demand. This allows users to easily obtain fresh or cached data (refreshed every ~30 min) for pasting into the indicator—ideal for scanning portfolios without manual coding.
Script Functionality Breakdown
Inputs: Data strings (current/historical); term selector (Shortest/Short/Medium/Long); toggles (historical walls, GEX profile, secondaries, vanna, table, max pain, DEX, stop loss, implied move, liquidity, bands); colors/styles.
Parsing: Extracts term-specific data; validates ticker match; gets timestamp for freshness.
Drawing: Dynamic lines/labels (width/color by GEX strength); boxes (moves, zones, bands); clears on updates.
Info Table: Dashboard with status (freshness emoji), Greeks (GEX/delta with emojis), vol (IV/skew), levels (distances), flow (C/P, vol vs 5D).
Historical Walls: Displays past tier-1 walls on daily+ timeframes.
Alerts: 20+ conditions (e.g., near/cross walls, GEX sign change, high IV).
Performance: Efficient for real-time; smart label positioning.
Release Notes
Initial release: Full features including multi-term support, enhanced table with emojis/sentiment, dynamic visuals, smart stop loss.
Data String Format: TICKER,TIMESTAMP|TERM1_DATA|TERM2_DATA|TERM3_DATA|TERM4_DATA Where each TERM_DATA = val0,val1,...,val30 (31 floats: current_price, prev_close, call_wall_1, call_wall_1_gex, ..., low_5d). Historical: TICKER|TERM1_HIST|... where TERM_HIST = date:cw,pw;date:cw,pw;...
Feedback welcome in comments. Educational only—not advice.
RXTrend█ OVERVIEW
The "RXTrend" indicator is a technical analysis tool based on a unique approach to trend identification using RSI values from overbought and oversold zones. Designed for traders seeking a precise tool to identify key market levels and trend direction, the indicator offers flexible settings, dynamic trend lines, candlestick coloring, and buy/sell signals, supported by alerts for key events.
█ CONCEPTS
"RXTrend" leverages the Relative Strength Index (RSI) to identify overbought and oversold zones, which are often significant areas on the chart due to potentially higher volume, increased volatility, or acting as pivot points. To address this, I created an indicator that uses RSI values from these zones, mapping them to price levels to determine the trend. Additionally, for a clearer market picture, boxes are added to highlight overbought and oversold zones on the chart, and candlestick coloring is based on the direction of the RSI moving average. This provides further confirmation of the trend direction and identifies potential correction or reversal points. The indicator is universal and works across all markets (stocks, forex, cryptocurrencies) and timeframes.
█ FEATURES
- RSI Calculation: Calculates RSI based on the closing price over a specified period, with a default length of 14.
- Trend Line: A smoothed trend line based on mapping RSI values from overbought (for downtrends) or oversold (for uptrends) zones to price levels. RSI values are transformed into prices using the price range from a selected period (default: 50 bars) and then smoothed to form the trend line. The line changes color based on the trend direction (blue for uptrend, orange for downtrend).
- Candlestick Coloring: Option to color candles based on the direction of the RSI moving average (RSI MA). Candle colors align with the trend and box colors (blue for uptrend, orange for downtrend, gray for neutral).
- Overbought and Oversold Zones: Identifies overbought (RSI > OB) and oversold (RSI < OS) levels, drawing dynamic boxes on the price chart to reflect these zones. Boxes update in real-time, adjusting to new highs and lows.
- Buy and Sell Signals: Generates buy signals (blue "Buy" labels) when the price crosses above the smoothed oversold line and sell signals (orange "Sell" labels) when the price crosses below the smoothed overbought line.
- Shadow Fill: Option to fill the space between the trend line and price (HL2) with adjustable transparency, aiding visual trend assessment.
Alerts: Built-in alerts for:
- Buy and sell signals.
- Appearance of new overbought/oversold boxes.
- RSI MA direction change (candle color change to uptrend or downtrend).
Customization: Allows adjustment of RSI length, overbought/oversold levels, smoothing period, colors, box and label transparency, and the option to keep boxes after RSI returns to normal.
█ HOW TO USE
Add to Chart: Apply the indicator to your TradingView chart via the Pine Editor or Indicators menu.
Configure Settings:
RSI Settings:
- RSI Length: Sets the RSI calculation period (default: 14).
- Overbought Level (OB): Sets the overbought threshold (default: 70).
- Oversold Level (OS): Sets the oversold threshold (default: 30).
Price Settings:
- Price Range Lookback: Defines the period for calculating the price range (default: 50).
Candle Coloring:
- Color Candles: Enables/disables candle coloring based on RSI MA direction.
- RSI MA Length: Sets the RSI moving average period (default: 21).
Smoothing Settings:
- Smoothing Length: Degree of trend line smoothing (default: 5).
Colors:
- Trend Colors: Customize colors for uptrend (default: blue), downtrend (default: orange), and shadow fill.
Box Settings:
- Box Transparency: Adjusts box transparency (0-100).
- Box Colors: Sets colors for overbought (orange) and oversold (blue) zones.
- Keep Boxes: Determines if boxes remain after RSI returns to normal.
Signals:
- Show Buy/Sell Signals: Enables/disables signal label display.
- Label Transparency: Adjusts signal label transparency.
Interpreting Signals:
- Trend Line: Shows market direction (blue for uptrend, orange for downtrend).
- Buy Signals: Blue "Buy" label appears when the price crosses above the smoothed oversold line, signaling a potential uptrend.
- Sell Signals: Orange "Sell" label appears when the price crosses below the smoothed overbought line, signaling a potential downtrend.
- Overbought/Oversold Boxes: Orange boxes indicate overbought zones (RSI > OB), blue boxes indicate oversold zones (RSI < OS). Boxes expand dynamically in real-time.
- Candlestick Coloring: Candle colors align with the trend and box colors, reflecting RSI MA direction.
- Alerts: Set up alerts in TradingView for buy/sell signals, new overbought/oversold boxes, or RSI MA direction changes.
- Combining with Other Tools: Use the indicator alongside support/resistance levels, Fair Value Gaps (FVG), or other indicators to confirm signals.
█ APPLICATIONS
The "RXTrend" indicator is designed to identify key market zones and trend direction, making it useful for trend-following and reversal strategies. It enables:
- Trend Confirmation: Candlestick coloring and the trend line help assess the dominant market direction, supporting entry or exit decisions. The trend line can act as a significant support/resistance level, and a price bounce from it may provide a good entry point, especially when confirmed by Fibonacci levels. Additionally, the appearance of overbought/oversold boxes combined with a change in candle color (RSI MA direction) may indicate an impending correction. This allows analysis of potential market overextension and correction endings, enabling multiple entries within a trend.
- Overbought and Oversold Zone Identification: Boxes highlight potential reversal or correction points, especially when combined with support/resistance levels or FVG.
- Signal-Based Strategies: Buy and sell signals can be used as entry points in a trend or as warnings of potential reversals.
█ NOTES
- The indicator is universal and works across all markets and timeframes due to its RSI-based and price-mapping logic.
- Adjust settings (e.g., RSI length, OB/OS levels, smoothing) to suit your trading style and timeframe.
- Use in conjunction with other technical analysis tools to enhance signal accuracy.
Contrarian Period High & LowContrarian Period High & Low
This indicator pairs nicely with the Contrarian 100 MA and can be located here:
Overview
The "Contrarian Period High & Low" indicator is a powerful technical analysis tool designed for traders seeking to identify key support and resistance levels and capitalize on contrarian trading opportunities. By tracking the highest highs and lowest lows over user-defined periods (Daily, Weekly, or Monthly), this indicator plots historical levels and generates buy and sell signals when price breaks these levels in a contrarian manner. A unique blue dot counter and action table enhance decision-making, making it ideal for swing traders, trend followers, and those trading forex, stocks, or cryptocurrencies. Optimized for daily charts, it can be adapted to other timeframes with proper testing.
How It Works
The indicator identifies the highest high and lowest low within a specified period (e.g., daily, weekly, or monthly) and draws horizontal lines for the previous period’s extremes on the chart. These levels act as dynamic support and resistance zones. Contrarian signals are generated when the price crosses below the previous period’s low (buy signal) or above the previous period’s high (sell signal), indicating potential reversals. A blue dot counter tracks consecutive buy signals, and a table displays the count and recommended action, helping traders decide whether to hold or flip positions.
Key Components
Period High/Low Levels: Tracks the highest high and lowest low for each period, plotting red lines for highs and green lines for lows from the bar where they occurred, extending for a user-defined length (default: 200 bars).
Contrarian Signals: Generates buy signals (blue circles) when price crosses below the previous period’s low and sell signals (white circles) when price crosses above the previous period’s high, designed to capture potential reversals.
Blue Dot Tracker: Counts consecutive buy signals (“blue dots”). If three or more occur, it suggests a stronger trend, with the table recommending whether to “Hold Investment” or “Flip Investment.”
Action Table: A 2x2 table in the bottom-right corner displays the blue dot count and action (“Hold Investment” if count ≥ 4, else “Flip Investment”) for quick reference.
Mathematical Concepts
Period Detection: Uses an approximate bar count to define periods (1 bar for Daily, 5 bars for Weekly, 20 bars for Monthly on a daily chart). When a new period starts, the previous period’s high/low is finalized and plotted.
High/Low Tracking:
Highest high (periodHigh) and lowest low (periodLow) are updated within the period.
Lines are drawn at these levels when the period ends, starting from the bar where the extreme occurred (periodHighBar, periodLowBar).
Signal Logic:
Buy signal: ta.crossunder(close , prevPeriodLow) and not lowBroken and barstate.isconfirmed
Sell signal: ta.crossover(close , prevPeriodHigh) and not highBroken and barstate.isconfirmed
Flags (highBroken, lowBroken) prevent multiple signals for the same level within a period.
Blue Dot Counter: Increments on each buy signal, resets on a sell signal or if price exceeds the entry price after three or more buy signals.
Entry and Exit Rules
Buy Signal (Blue Circle): Triggered when the price crosses below the previous period’s low, suggesting a potential oversold condition and buying opportunity. The signal appears as a blue circle below the price bar.
Sell Signal (White Circle): Triggered when the price crosses above the previous period’s high, indicating a potential overbought condition and selling opportunity. The signal appears as a white circle above the price bar.
Blue Dot Tracker:
Increments blueDotCount on each buy signal and sets an entryPrice on the first buy.
Resets on a sell signal or if price exceeds entryPrice after three or more buy signals.
If blueDotCount >= 3, the table suggests holding; if >= 4, it reinforces “Hold Investment.”
Exit Rules: Exit a buy position on a sell signal or when price exceeds the entry price after three or more buy signals. Combine with other tools (e.g., trendlines, support/resistance) for additional confirmation. Always apply proper risk management.
Recommended Usage
The "Contrarian Period High & Low" indicator is optimized for daily charts but can be adapted to other timeframes (e.g., 1H, 4H) with adjustments to the period bar count. It excels in markets with clear support/resistance levels and potential reversal zones. Traders should:
Backtest the indicator on their chosen asset and timeframe to validate signal reliability.
Combine with other technical tools (e.g., moving averages, Fibonacci levels) for stronger trade confirmation.
Adjust barsPerPeriod (e.g., ~120 bars for Weekly on hourly charts) based on the chart timeframe and market volatility.
Monitor the action table to guide position management based on blue dot counts.
Customization Options
Period Type: Choose between Daily, Weekly, or Monthly periods (default: Monthly).
Line Length: Set the length of high/low lines in bars (default: 200).
Show Highs/Lows: Toggle visibility of period high (red) and low (green) lines.
Max Lines to Keep: Limit the number of historical lines displayed (default: 10).
Hide Signals: Toggle buy/sell signal visibility for a cleaner chart.
Table Display: A fixed table in the bottom-right corner shows the blue dot count and action, with yellow (Hold) or green (Flip) backgrounds based on the count.
Why Use This Indicator?
The "Contrarian Period High & Low" indicator offers a unique blend of support/resistance visualization and contrarian signal generation, making it a versatile tool for identifying potential reversals. Its clear visual cues (lines and signals), blue dot tracker, and actionable table provide traders with an intuitive way to monitor market structure and manage trades. Whether you’re a beginner or an experienced trader, this indicator enhances your ability to spot key levels and time entries/exits effectively.
Tips for Users
Test the indicator thoroughly on your chosen market and timeframe to optimize settings (e.g., adjust barsPerPeriod for non-daily charts).
Use in conjunction with price action or other indicators for stronger trade setups.
Monitor the action table to decide whether to hold or flip positions based on blue dot counts.
Ensure your chart timeframe aligns with the selected period type (e.g., daily chart for Monthly periods).
Apply strict risk management to protect against false breakouts.
Happy trading with the Contrarian Period High & Low indicator! Share your feedback and strategies in the TradingView community!
Iron Condor Pro v6 – Full EngineIronCondor Engine v6.6 is a multi-mode options strategy tool for planning and managing iron condors, straddles, strangles, and butterflies. It supports both setup planning and live trade tracking with modeled delta, risk-based strike selection, IV rank estimation, and visual breach alerts.
Use Setup Mode to preview strike structures based on IV proxy, ATR, delta targeting, and risk tier (High/Mid/Low/Delta). Use Live Mode to track real trades, enter strike/premium data, and monitor live P&L, delta drift, and range status.
This script does not connect to live option chains. Volatility and delta are modeled using price history. All strikes and premiums must be confirmed using your broker before placing trades. Best used with strong support/resistance levels and high IV rank (30%+).
For educational purposes only.
Workflow Guide
Use this flow whether you're setting up on Sunday night or any day before placing a trade.
Step 0: Pre-Script Preparation
Before using the script:
Identify major support and resistance zones on your chart. Define the expected range or consolidation area. Use this context to help evaluate strike placement
1. Setup Phase (Pre-Trade Planning)
Step 1 – Load the Script
Add: IronCondor Engine v6.6 – Full Risk/Decay Edition to your chart
Step 2 – Set Mode = Setup
This enables planning mode, where the engine calculates strike combinations based on:
Your selected risk profile (High, Mid, Low, or Delta)
Historical volatility (20-day log return)
ATR (Average True Range)
Target short delta (adjustable)
Step 3 – Review Setup Table
Enable Show Setup Table to view calculated strikes and width by risk tier.
Adjust any of the following as needed:
Target Short Delta
Strike Interval ($)
Width multipliers (High/Mid/Low)
Risk tier under Auto-Feed Choice
Step 4 – Evaluate the Setup
Is the net credit at least 1.5–2.0x your max risk?
Are the short strikes clearly outside support/resistance zones?
Are the short deltas between 0.15 and 0.30?
Is the range wide enough to handle normal price movement?
Step 5 – Prep for Execution
Enable Auto-Feed Setup → Live to carry Setup strikes into Live mode
Or disable it if you prefer to manually enter strikes later
2. Trade Execution (Live Tracking Mode)
Step 1 – Place the Trade with Your Broker
Use your brokerage (TOS, Tasty, IBKR, etc.) to place the iron condor or other structure
Step 2 – Set Mode = Live
In Live mode:
If Auto-Feed is ON, the Setup strikes auto-populate
If Auto-Feed is OFF, manually enter:
Short and long strikes (Call and Put)
Premiums collected/paid per leg
Total net credit (Entry Credit)
Optional: Input current mid prices for each leg in the "Live Chain" section to track live mark-to-market P&L
Once all required fields are valid, the script activates:
Real-time profit/loss tracking
Max risk estimate
Delta monitoring on short legs
IV Rank estimate
Breach detection system
Chart visuals (if enabled)
3. Trade Management (During the Week)
While the trade is active, use the dashboard and visuals to monitor:
Key Metrics:
Unrealized P/L %
Mark-to-market value vs entry credit
Daily decay (theta)
Days until expiration
Breach status:
In Range
Near Breach
Breached
Alerts:
Price near short strike → suggests roll
Price breaches long strike → breach alert
50% or 75% profit → optional exit signal
Delta exceeds threshold → exposure may need adjustment
Management Tips:
At 50–75% profit: consider closing early
If price nears a short leg: roll, hedge, or manage
If nearing expiry: decide whether to hold or close
If IV collapses: may accelerate time decay or reduce exit value
4. End-of-Week or Expiration Management
If Profit Target Hit
Close early to reduce risk and lock gains
If Still Open Near Expiry
Close the position or
Hold through expiration only if you're fully prepared for pinning/gamma/assignment scenarios
Avoid holding open spreads over the weekend unless part of a defined strategy
Reference Notes
Strike Width
Defined as:
Width = Distance between Short and Long strike
Used for calculating max loss and breach visuals
Delta Guidelines
0.15–0.20 = safer, wider range, lower credit
0.25–0.30 = more aggressive, tighter range, higher credit
Use Target Short Delta input to adjust auto-selected strikes accordingly
Credit Example
Sell Call: $1.04
Sell Put: $0.23
Buy Call + Put wings: $0.14
Net Credit = $1.13 = $113 per contract (max profit)
This is the max profit if price stays between short strikes through expiration
IV Rank (Estimated)
This script does not use options chain IV data.
Instead, it calculates a volatility proxy:
ivRaw = ta.stdev(log returns, 20) * sqrt(252)
IV Rank is then calculated as the percentile of this value within the last 252 bars.
High IV Rank (30%–100%) → better premium-selling conditions
Low IV Rank (<30%) → lower edge for condors
Ideal to sell premium when IV Rank is above 30–50%
Disclosures and Limitations
This script is for educational use only
It does not connect to live option chains
All strikes, deltas, and premiums must be validated through your broker
Always confirm real-time IV, delta, and pricing before placing a trade
Adaptive Pivot Zones█ OVERVIEW
The "Adaptive Pivot Zones" indicator is a versatile tool designed to identify and visualize key pivot levels directly on the price chart. By detecting pivot highs and lows, the indicator calculates dynamic support and resistance zones based on user-defined levels (default: 0.382, 0.5, 0.618). These zones adapt to market volatility, providing traders with clear visual cues for potential reversal or continuation points. The indicator offers extensive customization options, such as adjusting colors, smoothing lines, and setting fill transparency, making it highly adaptable to various trading styles.
█ CONCEPTS
The "Adaptive Pivot Zones" indicator simplifies the identification of significant price levels by plotting three dynamic pivot lines, which can be smoothed to reduce market noise. The indicator dynamically changes the colors of the lines and fill zones based on price action, using bullish, bearish, or neutral colors to reflect market sentiment.
█ CALCULATIONS
The indicator relies on the following calculations:
- Pivot Detection: Pivot highs (ta.pivothigh) and pivot lows (ta.pivotlow) are identified using a user-defined pivot length (default: 10). Pivots represent significant price peaks and troughs. Higher pivot length values produce more stable levels but introduce a delay equal to the set value. For more aggressive strategies, the pivot length can be reduced.
- Pivot Levels: When both a pivot high and low are detected, the range between them is calculated (rng = drHigh - drLow). Three pivot levels are computed as:
Line 1: drLow + rng * pivotLevel1
Line 2: drLow + rng * pivotLevel2
Line 3: drLow + rng * pivotLevel3
- Smoothing: Pivot lines can be smoothed using a simple moving average (SMA) with a user-defined smoothing length (default: 1) to reduce noise and improve readability.
- Color Logic: Lines and fill zones are colored based on the price position relative to the pivot zones:
If the price is below the lowest pivot line, a bearish color is used (default: red).
If the price is above the highest pivot line, a bullish color is used (default: green).
If the price is within the pivot zones and the neutral color option is enabled, a neutral color is used (default: gray); otherwise, the previous color is retained.
- Fill Zones: The areas between pivot lines are filled with a user-defined transparency level (default: 80) to visually highlight support and resistance zones.
█ INDICATOR FEATURES
- Dynamic Pivot Lines: Three adaptive pivot lines (default levels: 0.382, 0.5, 0.618) are plotted on the price chart, adjusting to market volatility.
- Smoothing: User-defined smoothing length (default: 1) for pivot lines to reduce noise and enhance signal clarity.
- Dynamic Coloring: Lines and fill zones change color based on price action (bullish, bearish, or neutral when the price moves within the zone), reflecting market sentiment.
- Fill Zones: Transparent fills between pivot lines to visually highlight support and resistance zones.
- Customization: Options to adjust pivot length, pivot levels, smoothing, colors, transparency, and enable/disable neutral color logic.
█ HOW TO SET UP THE INDICATOR
- Add the "Adaptive Pivot Zones" indicator to your TradingView chart.
- Configure parameters in the settings, such as pivot length, pivot levels, smoothing length, and colors, to align with your trading strategy. Without smoothing, lines behave like levels; with smoothing, they act like bands. All three levels can be set to the same value to obtain a single level or a line behaving like a moving average derived from pivots.
- Enable or disable the neutral color option (for prices moving within the zone) and adjust fill transparency for optimal visualization.
- Adjust line thickness and style in the "Style" section to improve chart readability.
Example of bands – lines behave like support/resistance zones.
Example of a moving average derived from pivots – line behaves like a pivot-based MA.
█ HOW TO USE
Add the indicator to your chart, adjust the settings, and observe price interactions with the pivot lines and zones to identify potential trading opportunities. Key signals include:
- Price Interaction with Pivot Lines: When the price approaches or crosses a pivot line, it may indicate a potential support or resistance level. A bounce from a pivot line could signal a reversal, while a breakout might suggest trend continuation.
- Zone-Based Signals and Trend Line Usage: Price movement within or outside the filled zones can indicate market sentiment. Price below the lowest pivot line suggests bearish momentum, price above the highest pivot line suggests bullish momentum, and price within the zones may indicate consolidation. With higher pivot length values, the indicator can be used as a trend line, particularly during clear market movements.
- Color Changes: Shifts in line and fill colors (bullish, bearish, or neutral) provide visual cues about changing market conditions.
- Confirmation with Other Tools: Combine the indicator with tools like RSI or Bollinger Bands to validate signals and improve trade accuracy. For example, a buy signal from RSI in the oversold zone combined with a bounce from the lowest pivot line may indicate a strong entry point.
Smart Index Levels — GSK-VIZAG-AP-INDIA📌 Smart Index Levels — GSK-VIZAG-AP-INDIA
Smart Index Levels is a versatile support and resistance plotting tool designed for intraday, weekly, and monthly analysis.
It automatically generates key price zones based on user-defined step sizes, helping traders visualize important market levels more clearly.
🔹 Features
Daily / Weekly / Monthly Modes
Switch easily between daily, weekly, or monthly reference levels.
Customizable Level Steps
Choose step intervals of 50 or 100 points for cleaner index-based zones.
Support & Resistance Zones
Auto-draws multiple support and resistance levels around the opening base price.
Mid-Level Marking
Highlights the nearest “mid” price level for balance reference.
Weekly High/Low Tracking (Optional)
Plots dynamic weekly high & low levels with dotted lines.
Monthly High/Low Tracking (Optional)
Displays monthly high & low levels for broader market context.
Custom Market Session Timing
Define your own market open and close times.
Line Style & Colors
Fully customizable line styles (solid, dashed, dotted) and colors.
⚙️ How It Works
At the start of the selected session (daily, weekly, or monthly), the script identifies the opening reference price.
From this base, it calculates and draws support and resistance levels at fixed step intervals.
Optionally, it overlays weekly and monthly high/low levels for additional perspective.
This provides a structured price map that helps you quickly spot potential reaction zones, without cluttering the chart.
🖥️ Best Use Cases
Intraday index traders who want quick reference levels (Nifty, BankNifty, etc.)
Swing traders who prefer weekly and monthly zones for context.
Anyone looking for clean, rule-based support/resistance plotting.
⚠️ Disclaimer
This indicator is for educational and informational purposes only.
It does not provide financial advice or trading signals. Always use in combination with your own analysis and risk management.
Table Logic ExtractorTable Logic Extractor v2.0
Advanced multi-timeframe analysis with intelligent trade recommendations!
Overview:
This sophisticated indicator provides comprehensive market analysis through multiple technical indicators and timeframes. It combines EMA analysis, RSI momentum, MACD signals, Bollinger Bands, volume analysis, divergence detection, and intelligent trade recommendations with support/resistance distance calculations and trading style detection.
Key Features:
✅ Multi-Indicator Analysis - EMA, RSI, MACD, Bollinger Bands, Volume, ATR
✅ Multi-Timeframe Analysis - M1, M5, M15, M30 trend comparison
✅ Divergence Detection - Bullish and bearish divergence with strength calculation
✅ Support/Resistance Analysis - Distance calculations with Fibonacci levels
✅ Trading Style Detection - Trend, Range, Breakout, Scalping identification
✅ Intelligent Trade Signals - Style-based trade recommendations with confidence levels
✅ Risk Management - Stop Loss and Take Profit calculations
✅ Comprehensive Table - Real-time analysis with 14 different metrics
How It Works:
The indicator uses advanced analysis:
• Multi-Timeframe - M1, M5, M15, M30 trend analysis
• Style Detection - Automatic trading style identification
• S/R Analysis - Fibonacci-based support/resistance levels
• Weighted Scoring - EMA (2.0), RSI (1.5), MACD (1.5), BB (1.0), Volume (1.0)
• Intelligent Signals - Style-based trade recommendations
Trading Style Detection:
• TREND TRADING - Strong trend + aligned timeframes (Green)
• RANGE TRADING - Low volatility + sideways movement (Yellow)
• BREAKOUT TRADING - High volume + near levels (Orange)
• SCALPING - High volatility + quick moves (Red)
Information Table (14 Metrics):
Real-time display showing:
• ATR volatility with signal (HIGH/MED/LOW/NORMAL VOL)
• Divergence status with strength percentage
• S/R Distance with Fibonacci levels
• Stop Loss (2.0:1 ratio) and Take Profit 1 (1.5:1 ratio)
• Multi-Timeframe analysis (M1, M5, M15, M30)
• Scalping signals with confidence levels
• Current trend with strength percentage
• Intelligent trade recommendations
Trade Recommendations:
• TREND BUY/SELL - All timeframes aligned (High confidence)
• SHORT-TERM BUY/SELL - M5 signal only (Medium confidence)
• SCALPING BUY/SELL - M5 vs higher timeframes (Low confidence)
• WAIT - No clear signal (No confidence)
Support/Resistance Analysis:
• Fibonacci Levels: 23.6%, 38.2%, 50% retracements
• Distance Categories: Very Near (Red), Near (Orange), Medium (Yellow), Far (Green)
• ATR-based distance measurement
• Real-time proximity alerts
Scalping Detection:
Specialized signals based on:
• High volatility (ATR ratio > 1.5)
• Quick price moves (fast momentum)
• Volume confirmation (high volume spikes)
• RSI extremes (oversold/overbought)
Settings:
• EMA - Fast (9), Slow (21), Trend (50)
• RSI - Length (14), Overbought (70), Oversold (30)
• MACD - Fast (12), Slow (26), Signal (9)
• Bollinger Bands - Length (20), Multiplier (2.0)
• ATR - Length (14) for volatility measurement
• Volume Threshold - 1.5x average volume
• Divergence - Lookback (3), Threshold (0.5)
Best Practices:
🎯 Adapt strategy to detected trading style
📊 Use multi-timeframe analysis for confirmation
⚡ Monitor S/R distances for entry timing
🛡️ Always use calculated Stop Loss levels
🔍 Watch for divergence signals
📈 Follow intelligent trade recommendations
Pro Tips:
• Table provides all essential information in one place
• Trading style detection helps adapt your strategy
• S/R distance shows proximity to key levels
• Confidence levels indicate signal reliability
• Multi-timeframe alignment increases success rate
• Scalping signals work best in high volatility
Alerts:
• Trend Change Alert - "Trend changed across timeframes"
• Divergence Alert - "Divergence detected"
• Scalping Alert - "Scalping opportunity"
• Trade Signal Alert - "Trade recommendation available"
Version 2.0 Improvements:
• Advanced multi-timeframe analysis (M1, M5, M15, M30)
• Intelligent trading style detection
• Comprehensive support/resistance analysis
• Professional trade recommendations with confidence levels
• Scalping detection with specialized signals
• Risk management with calculated SL/TP levels
• 14-metric comprehensive information table
Created with ❤️ for the trading community
This indicator is free to use for both commercial and non-commercial purposes.
TRAPPER TRENDLINES — RSIBuilds dynamic RSI trendlines by connecting the two most recent confirmed RSI swing points (highs→highs for resistance, lows→lows for support). Includes optional channel shading for the 30–70 zone, an RSI moving average, clean break alerts, and simple bullish/bearish divergence alerts versus price.
How it works
RSI pivots: A point on RSI is a swing high/low only if it is the most extreme value compared with a set number of bars on the left and the right (the Pivot Lookback).
RSI trendlines:
Resistance connects the last two confirmed RSI swing highs.
Support connects the last two confirmed RSI swing lows.
Lines can be Full Extend (update into the future) or Pivot Only.
Channel block: Optional fill of the 30–70 range for fast visual context.
Alerts:
Breaks of RSI support/resistance trendlines.
Basic bullish/bearish RSI divergences versus price pivots.
Inputs
RSI
RSI Length: Default 14 (standard).
Pivot Lookback: Bars to the left/right required to confirm an RSI swing.
Overbought / Oversold: 70 / 30 by default.
Line Extension: Full Extend or Pivot Only.
Visuals
Show RSI Moving Average / Signal Length: Optional smoothing line on RSI.
RSI/Signal colors: Customize plot colors.
Show 30–70 Channel Block: Toggle the middle-zone fill.
Tint pane background when RSI in channel: Optional subtle background when RSI is between OB/OS.
Divergences & Alerts
Enable RSI TL Break Alerts: Alert conditions for RSI line breaks.
Enable Divergence Alerts: Bullish/Bearish divergence alerts versus price.
Pairing with price for confluence/divergence
For accurate confluence and clearer divergences, align this RSI tool with your price trendline tool (for example, TRAPPER TRENDLINES — PRICE):
Set RSI Pivot Lookback equal to the Pivot Left/Right size used on price.
Example: Price uses Pivot Left = 50 and Pivot Right = 50 → set RSI Pivot Lookback = 50.
Keep RSI Length = 14 and OB/OS = 70/30 unless you have a specific edge.
Interpretation:
Confluence: Price reacts at its trendline while RSI reacts at its own line in the same direction.
Divergence: Price makes a higher high while RSI makes a lower high (bearish), or price makes a lower low while RSI makes a higher low (bullish), using matched pivot windows.
Suggested settings
Higher timeframes (4H / 1D / 1W): Pivot Lookback = 50; optional RSI MA length 14; channel block ON.
Intraday (15m / 30m / 1H): Pivot Lookback = 30; optional RSI MA length 14.
Always mirror your price pivot size to this RSI Pivot Lookback for consistent swings.
Reading the signals
RSI trendline touch/hold: Momentum reacting at structure; look for confluence with price levels.
RSI Trendline Break Up / Down: Momentum shift; consider price structure and retests.
Bullish/Bearish Divergence: Confirm only when pivots are matched and the new swing is confirmed.
Notes & limitations
Pivots require future bars to confirm by design; trendlines update as new swings confirm.
Divergence logic compares RSI pivots to price pivots with the same lookback; mismatched windows can produce false positives.
No strategy entries/exits or performance claims are provided. This is an analytical tool.
Alerts (titles/messages)
RSI: Trendline Break Up — “RSI broke falling resistance line.”
RSI: Trendline Break Down — “RSI broke rising support line.”
RSI: Bullish Divergence — “Bullish RSI divergence confirmed.”
RSI: Bearish Divergence — “Bearish RSI divergence confirmed.”
Quick start
Add the indicator to a separate pane.
Set Pivot Lookback to match your price tool’s pivot size (e.g., 50).
Optionally toggle the RSI MA and Channel Block for clarity.
Enable alerts if you want notifications on RSI line breaks and divergences.
Use with TRAPPER TRENDLINES — PRICE or any price-based trendline tool for confluence/divergence analysis.
Compliance
This script is for educational purposes only and does not constitute financial advice. Trading involves risk. Past performance does not guarantee future results. No performance claims are made.
Wick Pressure Zones [BigBeluga]
The Wick Pressure Zones indicator highlights areas where extreme wick activity occurred, signaling strong buy or sell pressure. By measuring unusually long upper or lower wicks and mapping them into gradient volume zones , the tool helps traders identify levels where liquidity was absorbed, leaving behind footprints of supply and demand imbalances. These zones often act as support, resistance, or liquidity sweep magnets .
🔵 CONCEPTS
Extreme Wicks : Large upper or lower shadows indicate aggressive rejection — upper wicks suggest selling pressure, lower wicks suggest buying pressure.
Volumatic Gradient Zones : From each detected wick, the indicator projects a layered gradient zone, proportional to the wick’s size, showing where most pressure occurred.
Liquidity Footprints : These zones mark levels where significant buy/sell volume was executed, often becoming reaction points on future retests.
Automatic Expiration : Zones persist until price decisively trades through them, after which they are cleared to keep the chart clean.
🔵 FEATURES
Automatic Wick Detection : Identifies extreme upper and lower wick events using percentile filtering and Realative Strength Index.
Gradient Zone Visualization : Builds a 10-layer zone from the wick top/bottom, shading intensity according to pressure strength.
Volume Labels : Each zone is annotated with the bar’s volume at the origin point for added context.
Dynamic Zone Extension : Zones extend to the right as long as they remain relevant; once price closes through them, they are removed.
Support & Resistance Mapping : Upper wick zones (red) behave like supply/resistance, lower wick zones (green) like demand/support.
Clutter Control : Limits the number of active zones (default 10) to keep charts responsive.
Background Highlighting : Optional background shading when new wick zones appear (red for sell, green for buy).
🔵 HOW TO USE
Look for Upper Wick Zones (red) : Indicate strong selling pressure; watch for resistance, reversals, or liquidity sweeps above.
Look for Lower Wick Zones (green) : Indicate strong buying pressure; watch for support or liquidity sweeps below.
Trade Retests : When price returns to a zone, expect a reaction (bounce or rejection) due to leftover liquidity.
Combine with Context : Align wick pressure zones with HTF support/resistance, order blocks, or volume profile for stronger signals.
Use Volume Labels : High-volume wicks indicate more significant liquidity events, making the zone more likely to act as a strong reaction point.
🔵 CONCLUSION
The Wick Pressure Zones is a powerful way to visualize hidden liquidity and aggressive rejections. By mapping extreme wick events into dynamic, volume-annotated zones, it shows traders where the market absorbed heavy buy/sell pressure. These levels frequently act as magnets or turning points, making them valuable for timing entries, stop placement, or fade strategies.
Maiko Range Scalper (Sideways BB + RSI) – v4 cleanPurpose
It’s a range scalping strategy for crypto. It tries to take small, repeatable trades inside a sideways market: buy near the bottom of the range, sell near the middle/top (and the reverse for shorts).
Core idea (two timeframes)
Define the trading range on a higher timeframe (HTF)
You choose the HTF (e.g., 15m or 1h).
The script finds the highest high and lowest low over a lookback window (e.g., last 96 HTF candles) → these become HTF Resistance and HTF Support.
It also calculates the midline (average of support/resistance).
Trade signals on your lower timeframe (LTF)
You run the strategy on a fast chart (e.g., 1m or 5m).
Entries are only allowed inside the HTF range.
Entry logic (mean reversion)
Indicators on the LTF:
Bollinger Bands (length & std dev configurable).
RSI (length & thresholds configurable).
Optional VWAP proximity filter (price must be within X% of VWAP).
Long setup:
Price touches/under-cuts the lower Bollinger band AND RSI ≤ threshold (default 30) AND price is inside the HTF range (and passes VWAP filter if enabled).
Short setup:
Price touches/exceeds the upper Bollinger band AND RSI ≥ threshold (default 70) AND price is inside the HTF range (and passes VWAP filter if enabled).
Exits and risk
Stop-loss: placed just outside the HTF range with a configurable buffer %:
Long SL = HTF Support × (1 − buffer).
Short SL = HTF Resistance × (1 + buffer).
Take-profit (selectable):
Mid band (the Bollinger basis) → conservative, faster exits.
Opposite band / HTF boundary → more aggressive, higher RR but more give-backs.
Position sizing
A simple cap: maximum position size = percent of account equity (e.g., 20%).
The script calculates quantity from that cap and current price.
Plots you’ll see on the chart
HTF Resistance (red) and HTF Support (green) via plot().
HTF Midline (gray dashed) drawn with a line.new() object (because plot() cannot do dashed).
Bollinger basis/upper/lower on the LTF.
Optional VWAP line (only shown if you enable the filter).
Signal markers (green triangle up for Long setups, red triangle down for Short setups).
Alerts
Two alertconditions:
“Long Setup” – when a long entry condition appears.
“Short Setup” – when a short entry condition appears.
Create alerts from these to get notified in real time.
How to use it (quick start)
Add to a 1m or 5m chart of a liquid coin (BTC, ETH, SOL).
Set HTF timeframe (start with 1h) and lookback (e.g., 96 = ~4 days on 1h).
Keep default Bollinger/RSI first; tune later.
Choose TP mode:
“Mid band” for quick scalps.
“Opposite band/Range” if the range is very clean and you want bigger targets.
Set SL buffer (0.15–0.30% is common; adjust for volatility).
Set Max position % to control size (e.g., 20%).
(Optional) Enable VWAP filter to skip stretched moves.
When it works best
Clearly sideways markets with visible support/resistance on the HTF.
High-liquidity pairs where spreads/fees are small relative to your scalp target.
Limitations & safety notes
True breakouts will invalidate mean-reversion logic—your SL outside the range is there to cut losses fast.
Fees can eat into small scalps—prefer limit orders, rebates, and liquid pairs.
Backtest results vary by exchange data; always forward-test on small size.
If you want, I can:
Add an ATR-based stop/target option.
Provide a study-only version (signals/alerts, no trading engine).
Pre-set risk to your €5,000 plan (e.g., ~0.5% max loss/trade) with calculated qty.
Swing Z | Zillennial Technologies Inc.Swing Z by Zillennial Technologies Inc. is an advanced algorithmic framework built specifically for cryptocurrency markets. It integrates multiple layers of technical analysis into a single decision-support tool, generating buy and sell signals only when several independent confirmations align.
Core Concept
Swing Z fuses trend structure, momentum oscillators, volatility signals, and price action tools to capture high-probability trading opportunities in volatile crypto environments.
Trend Structure (EMA 9, 21, 50, 200)
Short-term EMAs (9 & 21) detect immediate momentum shifts.
Longer-term EMAs (50 & 200) define the broader trend and dynamic support/resistance.
Momentum & Confirmation Layer
RSI measures relative strength and market conditions.
MACD crossovers confirm momentum shifts and trend continuations.
Volatility & Market Pressure
TTM Squeeze highlights compression zones likely to precede breakouts.
Volume analysis confirms conviction behind directional moves.
VWAP (Volume Weighted Average Price) establishes intraday value zones and institutional benchmarks.
Price Action Filters
Fibonacci retracements are integrated to identify key reversal and continuation levels.
Signals are produced only when multiple conditions agree, reducing noise and improving reliability in fast-moving crypto markets.
Features
Tailored for cryptocurrency trading across major pairs (BTC, ETH, and altcoins).
Works effectively on swing and trend-based timeframes (1H–1D).
Combines trend, momentum, volatility, and price action into a single framework.
Generates clear Buy/Sell markers and integrates with TradingView alerts.
How to Use
Apply to a clean chart for the clearest visualization.
Use Swing Z as a swing trading tool, aligning entries with both trend structure and momentum confirmation.
Combine with your own stop-loss, take-profit, and position sizing rules.
Avoid application on non-standard chart types such as Renko, Heikin Ashi, or Point & Figure, which may distort results.
Disclaimer
Swing Z is designed as a decision-support tool, not financial advice.
All backtesting should use realistic risk, commission, and slippage assumptions.
Past results do not guarantee future performance.
Signals do not repaint but may adjust as new data develops in real-time.
Why Swing Z is original & useful:
Swing Z unifies EMA trend structure, RSI, MACD, TTM Squeeze, VWAP, Fibonacci retracements, and volume analysis into a single algorithmic framework. This multi-confirmation approach improves accuracy by requiring consensus across trend, momentum, volatility, and price action — a design made specifically for the challenges and volatility of cryptocurrency markets.
