Javokhir buy sellIt mixes ichimoku and support resistance. You wont miss the bottom or top while waiting ichimoku signals, and you wont miss a chance to sell while waiting price reaches to support or resistance
Unterstützung und Widerstand
Pre-Market and First 5-Minute LevelsThis will plot the pre-market high an the pre-market low right when market opens after the first five minutes, this will also apply for the first five minute high and five minute low with horizontal rays. Pre-Market levels are blue and 5 minute levels are orange
Premarket and Opening Range (First 30 minutes) LevelsThis indicator is for people who like to utilize the pre-market highs and pre-market Low's as well as the first 30 minutes high and low, or some people like to call the opening range. I hope you find value in this. Note, the levels will only appear after tracking. Premarket levels will happen after pre-market closes. Opening Range levels will show right after the first 30 minutes.
CJ - EMA, Supertrend, Bolling Band Combination of EMA, Supertrend, Bollinger Band and RSI.
Trying to provide recommendation on
Buy and Sell Signal using the EMA and Supertrend
for visualization purpose - the Bollinger Band and RSI is available to view (RSI upper limit on Red Dotted Line is at 60 instead of 70.
Pivot Points by Auto MarketsPivot Points by Auto Markets is a simple yet essential tool for traders looking to identify potential support and resistance levels. These levels are calculated using the previous day’s high, low, and close prices, providing actionable zones for trading strategies.
Key Features:
• Pivot Point Calculation: Automatically plots the daily pivot point.
• Support and Resistance Levels: Includes two levels of support and resistance for a comprehensive view.
• Dynamic Updates: Levels automatically update at the start of each day.
• Includes Auto Markets branding, ensuring professional credibility.
How to Use:
1. Use the pivot point (yellow) as a central reference for the day’s price action.
2. Watch for price reactions at the support (green) and resistance (red) levels.
3. Plan trades based on these key levels for optimal entries and exits.
About Auto Markets:
Created by Auto Markets, empowering traders with tools to enhance their edge. Visit us at www.automarkets.co.uk for more innovative solutions.
Support Resistance Major/Minor [TradingFinder] Market Structure🔵 Introduction
Support and resistance levels are key concepts in technical analysis, serving as critical points where prices pause or reverse due to the interaction of supply and demand. These foundational elements in price action and classical technical analysis assist traders in understanding market behavior and making better trading decisions.
Support levels are zones where demand is strong enough to prevent further price declines, while resistance levels act as barriers that hinder price increases.
Support and resistance levels are divided into two main types: static and dynamic. Static levels are fixed horizontal lines on charts, formed based on historical price points, and are crucial due to repeated price reactions in these areas.
Dynamic levels, on the other hand, move with market trends and are often identified using tools like moving averages and trendlines. These levels are particularly useful for analyzing dynamic trends and identifying potential reversal points in financial markets.
The importance of support and resistance in technical analysis lies in their ability to pinpoint price reversal or continuation points. Professional traders use these levels to determine optimal entry and exit points and combine them with tools such as Fibonacci retracements or moving averages for precise strategies.
Detailed analysis of price behavior at these levels provides insights into trend strength and the likelihood of price breaks or reversals. By understanding these concepts, technical analysts can forecast future price movements and optimize their trading decisions using tools such as indicators and price action. Support and resistance levels, as a cornerstone of technical analysis, form the foundation for many trading strategies.
🔵 How to Use
The Static Support and Resistance Indicator is a vital tool for identifying significant price zones in financial markets. It automatically detects major and minor support and resistance levels in both short-term and long-term intervals, enabling traders to analyze price behavior accurately and develop optimal entry and exit strategies.
🟣 Major Long-Term Support and Resistance
Major Long-Term Support : The lowest price points recorded over long-term intervals that prevent further declines.
Major Long-Term Resistance : The highest price points in long-term intervals that limit further price increases.
🟣 Minor Long-Term Support and Resistance
Minor Long-Term Support : Temporary halts in price decline within a downtrend over long-term intervals.
Minor Long-Term Resistance : Short-term zones within long-term intervals where prices react negatively in an uptrend.
🟣 Major Short-Term Support and Resistance
Major Short-Term Support : The lowest price points in short-term intervals that act as barriers against sharp price drops.
Major Short-Term Resistance : The highest points in short-term intervals that prevent further price surges.
🟣 Minor Short-Term Support and Resistance
Minor Short-Term Support : Temporary halts in price decline within short-term downtrends.
Minor Short-Term Resistance : Zones where price reacts quickly and reverses in short-term uptrends.
🔵 Settings
Long Term S&R Pivot Period : Defines the interval for identifying long-term support and resistance levels (default: 21).
Short Term S&R Pivot Period : Defines the interval for identifying short-term support and resistance levels (default: 5).
🟣 Long-Term Lines
Major Line Display : Enable/disable major long-term lines.
Minor Line Display : Enable/disable minor long-term lines.
Major Line Colors : Green for support, red for resistance (long-term major levels).
Minor Line Colors : Light green for support, light red for resistance (long-term minor levels).
Major Line Style : Choose between solid, dotted, or dashed lines for major long-term levels.
Minor Line Style : Choose between solid, dotted, or dashed lines for minor long-term levels.
Major Line Width : Adjust the thickness of major long-term lines.
Minor Line Width : Adjust the thickness of minor long-term lines.
🟣 Short-Term Lines
Major Line Display : Enable/disable major short-term lines.
Minor Line Display : Enable/disable minor short-term lines.
Major Line Colors : Gray-green for support, gray-red for resistance (short-term major levels).
Minor Line Colors : Dark green for support, dark red for resistance (short-term minor levels).
Major Line Style : Choose between solid, dotted, or dashed lines for major short-term levels.
Minor Line Style : Choose between solid, dotted, or dashed lines for minor short-term levels.
Major Line Width : Adjust the thickness of major short-term lines.
Minor Line Width : Adjust the thickness of minor short-term lines.
🔵 Conclusion
Static support and resistance levels are among the most critical tools in technical analysis, helping traders identify key reversal or continuation points.
This indicator simplifies and enhances the analysis process by automatically detecting major and minor levels in both short-term and long-term intervals. It allows traders to customize settings to suit their trading strategies and analyze different market levels effectively.
Using this indicator improves price action analysis, enhances market understanding, and identifies trading opportunities. Applicable to all trading styles, from day trading to long-term investing, it is an essential tool for technical analysis.
Combining this indicator with other tools like trendlines, Fibonacci retracements, and moving averages enables comprehensive analysis and allows traders to navigate financial markets with greater confidence.
Prime Trading TrendFlow IndikatorPrime Trading TrendFlow Indikator – Die perfekte Unterstützung für die TrendFlow-Strategie (Beta-Version)
Der Prime Trading TrendFlow Indikator wurde speziell für Scalper entwickelt, die im Markt des Britischen Pfunds gegenüber dem Japanischen Yen (GBP/JPY) aktiv sind. Egal, ob du Anfänger oder fortgeschrittener Trader bist – dieser Indikator reduziert deine Analysezeit erheblich und übernimmt bis zu 80% der Marktanalyse für dich.
Funktionen:
Vortages-Hoch- und Tief-Zonen: Identifiziere wichtige Marktbereiche aus dem vorherigen Handelstag mit einem Blick.
Psychologische Level: Automatische Markierung von Preisniveaus, die von vielen Marktteilnehmern beachtet werden.
Tagesvolumenprofil: Zeigt dir die aktuelle Tagesvolumenzone für präzisere Entscheidungen.
Individuelle Anpassungen: Passe Farben, Zonen und sichtbare Features flexibel nach deinen Vorlieben an.
Ein- und Ausschaltoptionen: Schalte spezifische Indikator-Features wie das Volumenprofil oder die psychologischen Level nach Bedarf an oder aus.
Warum dieser Indikator?
Der Prime Trading TrendFlow Indikator wurde gezielt für die TrendFlow-Strategie entwickelt, um deine Analyse zu vereinfachen und eine schnelle Umsetzung zu ermöglichen. Mit diesem Tool wird die Identifikation relevanter Marktbereiche intuitiver und effizienter, was dir hilft, profitabler zu traden.
Besonderheiten:
Beta-Version: Aktuell in der Beta-Phase, mit zukünftigen Updates, die das gesamte Volumen integrieren werden und weiteren Features.
Plug-and-Play: Einfache Anwendung ohne komplizierte Einrichtung – ideal für eine schnelle Integration in deinen Workflow.
Exklusiv für Prime Trading Mitglieder: Der Indikator ist ausschließlich für aktive Pro- und VIP-Mitglieder verfügbar.
Optimale Nutzung:
Empfohlener Markt: GBP/JPY
Empfohlene Strategie: Scalping mit der TrendFlow-Strategie
Zeiteinheiten: Hauptsächlich auf M5 und M1 ausgelegt
Mit dem Prime Trading TrendFlow Indikator erhältst du ein Tool, das nicht nur deine Analysezeit reduziert, sondern dir auch einen entscheidenden Vorteil im Markt verschafft.
Black Tie Trading SuiteThe Black Tie Trading Suite is a comprehensive TradingView indicator that combines Hull Moving Averages (HMA), Market Structure Analysis, Fibonacci Levels, and Fair Value Gaps (FVG). It provides traders with powerful tools to identify trends, support/resistance levels, and market imbalances for more informed trading decisions.
Key Features
Hull Moving Averages (HMA):
Multiple variations: HMA, EHMA, THMA.
Multi-Timeframe (MTF) support for enhanced trend confirmation.
Customizable colours, styles, and thickness.
Market Structure Detection:
Identifies Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL).
Alerts for Market Structure Shifts (MSS) and Breakouts (BOS).
Fibonacci Levels:
Plot up to five customizable Fibonacci levels.
Optional Optimal Trade Entry (OTE) zone highlighting.
Alerts for price crossings of Fibonacci levels.
Fair Value Gaps (FVG):
Detects bullish and bearish FVGs.
Dynamic and static display options.
Alerts for new FVGs and their mitigation.
How to Use
Configure Hull Moving Averages:
Select HMA type and adjust length.
Enable MTF for higher timeframe analysis.
Customize appearance based on trend direction.
Analyze Market Structure:
Observe automatically labeled HH, HL, LH, LL.
Use alerts to stay updated on trend changes and breakouts.
Apply Fibonacci Levels:
Set desired Fibonacci ratios.
Utilize OTE zone for optimal entry points.
Monitor alerts for price interactions with Fibonacci levels.
Identify Fair Value Gaps:
Activate FVG detection to spot market imbalances.
Choose between dynamic adjustments or fixed gaps.
Receive alerts for new and mitigated FVGs.
Customization Options
Visual Settings: Adjust colors, line styles (solid, dashed, dotted), and thickness for HMAs, Fibonacci lines, and FVG boxes.
Display Toggles: Enable or disable Market Structure labels, Fibonacci levels, and FVGs as needed.
Alerts: Customize which alerts to receive based on trading preferences.
Timeframes: Apply tools across various timeframes for a multi-dimensional market view.
Best Practices for Beginners
Start Simple: Focus on one feature at a time to grasp its functionality before adding others.
Combine Indicators: Use Market Structure and Fibonacci Levels with HMAs to confirm trends and identify entry/exit points.
Backtest Strategies: Validate your trading approach using historical data to ensure effectiveness.
Manage Risk: Place stop-loss and take-profit orders near key indicator levels to protect your trades.
Stay Patient: Wait for clear signals from the indicators to avoid impulsive trading decisions.
Black Tie Murrey Math Lines MTFThe Black Tie Murrey Math Lines MTF is a technical analysis tool that plots key support and resistance levels based on Murrey Math principles. It helps traders identify potential reversal points, breakouts, and consolidation areas across multiple timeframes (MTF), enhancing trading precision and strategy.
What Are Murrey Math Lines?
Murrey Math divides price charts into specific levels using mathematical formulas, typically in 1/8 increments. These levels represent significant market sentiments and potential trading actions, offering a structured approach to identifying support and resistance.
Key Murrey Math Levels:
+3/8 to +1/8: Indicate bearish resistance zones and potential reversal points.
8/8 to 4/8: Represent strong to moderate resistance levels.
3/8 to 0/8: Highlight support zones and areas for potential price bounces.
-1/8 to -3/8: Signal bullish support zones and possible reversal points.
How to Use the Indicator
1) Identify Support and Resistance:
- Support (0/8 to -3/8): Look for potential buying opportunities when price approaches these levels.
- Resistance (4/8 to +3/8): Consider selling or taking profits as price nears these levels.
Spot Reversals:
- Bullish Reversals: Near -3/8 level.
- Bearish Reversals: Near +3/8 level.
2) Confirm Breakouts:
- Above 8/8: Suggests strong bullish trend continuation.
- Below 0/8: Indicates strong bearish trend continuation.
You can also set alerts for all levels.
MA Resist TrendThis Pine Script™ code designed to provide insights into price trends and potential buy/sell signals based on a moving average of resistance levels. It features dynamic calculations of a resistance line and a base moving average, enabling traders to visualize trend direction and reversal points effectively.
Key Features:
1. Moving Average Selection:
The indicator supports a wide variety of moving averages, including:
EMA (Exponential Moving Average)
SMA (Simple Moving Average)
HMA (Hull Moving Average)
McGinley Dynamic
RMA (Relative Moving Average)
MD (Mode Average)
WMA (Weighted Moving Average)
VWMA (Volume-Weighted Moving Average)
DEMA (Double Exponential Moving Average)
TEMA (Triple Exponential Moving Average)
This provides flexibility in tailoring the indicator to suit different market conditions and trading styles.
2. Dynamic Resistance Calculation:
MAR: A smoothed moving average of the mid-range between highest price period and lowest price period. This represents the main trend resistance line.
3. Base Line and Resistance Line:
The base line is calculated as the EMA of the closing price.
The resistance line is derived by subtracting the distance between MAR and the base line from the base line. This distance is used to identify potential reversal points.
4. Color Coding:
The MAR line changes color based on its relationship with the current closing price:
Green (lime): Indicates bullish conditions (price above mar).
Red: Indicates bearish conditions (price below mar).
5. Buy and Sell Signals:
A buy signal is triggered when the MAR line crosses below the resistance line.
A sell signal is triggered when the MAR line crosses above the resistance line.
Signals are displayed using labeled shapes on the chart:
"BUY" shape appears below the bar for buy signals.
"SELL" shape appears above the bar for sell signals.
6. Customizable Parameters:
len: Length of the moving average (default: 14).
ma: Type of moving average to use.
lb: Lookback period for high and low prices (default: 3).
smt: Smoothing factor for the mar line (default: 3).
Visualization:
The indicator plots the following on the price chart:
MAR Line: Represents the dynamic resistance line, colored based on market conditions.
Resistance Line: A yellow line indicating the calculated resistance levels.
Buy/Sell Labels: Visual markers indicating potential trade opportunities.
Use Cases:
Trend Identification:
The MAR line provides insights into the current trend direction.
Color changes highlight transitions between bullish and bearish conditions.
Reversal Detection:
Buy and sell signals help identify potential trend reversals.
Dynamic Resistance Levels:
The resistance line offers additional context for understanding price action and possible resistance points.
Notes:
This indicator is particularly useful for trend-following traders who incorporate moving averages into their strategies.
It supports a wide range of moving averages, making it versatile across different asset classes and timeframes.
Traders can experiment with different len, lb, and smt values to fine-tune the indicator's responsiveness.
This script is provided for prediction purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
IV BASED TRADING RANGES FOR OPTION TRADERS by FXwithSidThis indicator, "IV Based Trading Ranges", is designed to assist traders by visualizing daily, weekly, monthly and yearly trading ranges based on IV.
The indicator calculates support and resistance levels using the IV and allows users to include their custom IV and closing prices for extended range calculations.
Draws resistance and support lines dynamically, extending across specified bars depending on the trading instrument (NSE or MCX).
Automatically updates levels and labels at the start of a new trading day, ensuring relevance to the latest market data.
Supports multiple chart timeframes with specific line extensions for accurate representation.
I have been using this indicator for the past two years, and after extensive live testing, I am excited to share it with fellow traders. It’s designed to save time and help you plan price action effectively, delivering remarkable results.
Disclaimer: Trading involves substantial risk and is not suitable for every trader. The indicator is provided for educational purposes and does not constitute financial advice. Always do your own research before making any trading decisions.
Supports and Resistances Multi Timeframe - VK TradingThe Supports and Resistances Multi Timeframe - VK Trading indicator is designed to help traders identify key support and resistance levels across multiple timeframes. It integrates real-time market data with smooth, customizable visual markers, allowing traders to quickly spot potential entry and exit points. This tool is particularly valuable for trend-following traders who want to see the most critical levels of price action on various timeframes.
Features:
Multi-Timeframe Support: Display support and resistance levels for the current, first, and second timeframes, helping traders identify price points across different market cycles.
Customizable Appearance: Choose from various colors for levels and bands, as well as transparency settings to match your chart's design.
ATR-based Bands: Uses the Average True Range (ATR) to dynamically adjust the width of support and resistance bands, offering more accurate price movement insights.
Pivot Points: Identifies pivot highs and lows, offering precise support and resistance levels based on the price action.
Smoothing Options: Customize the ATR smoothing method with options like RMA, SMA, EMA, and WMA for better alignment with your trading strategy.
Functionalities:
Quick Level Detection: The indicator highlights the most recent high and low levels on the current timeframe, ensuring you’re always aware of nearby price barriers.
Support and Resistance Visualization: Easily visualize the major support and resistance levels on multiple timeframes, improving decision-making and trade management.
Dynamic Band Widths: Customize the ATR multiplier for each timeframe, adapting the support and resistance bands based on the volatility of the market.
Multi-Timeframe Integration: View price action levels from a broader perspective with support and resistance data from the current, first, and second timeframes all in one chart.
Flexible Timeframe Selection: Choose your preferred timeframes for support and resistance levels, from daily, weekly, to monthly, for broader or narrower market views.
How it Helps Traders:
This indicator is ideal for traders who rely on multi-timeframe analysis to make well-informed trading decisions. By visualizing key support and resistance levels across several timeframes, traders can improve the precision of their entries and exits, better manage risk, and enhance their market timing. The tool provides a comprehensive view of price action, allowing traders to spot potential reversals and breakouts, making it easier to execute strategies effectively.
Disclaimer:
This script is an educational and analytical tool. It does not guarantee specific results or eliminate trading risk. Trading in the financial markets involves significant risks; use this script at your own risk.
Daily High and Low by Auto MarketsDaily High and Low by Auto Markets is a simple and effective tool to visualize the previous day’s high and low levels on your chart. These levels are critical for understanding key support and resistance areas and planning trades accordingly.
Key Features:
• Daily High and Low Levels: Automatically plots the previous day’s high (red) and low (green) on your chart.
• Dynamic Updates: Levels update automatically as new days begin.
• Includes Auto Markets branding, ensuring professional credibility.
How to Use:
1. Add the script to your chart.
2. Use the Daily High (red) as a potential resistance level and the Daily Low (green) as a potential support level.
3. Plan entries and exits based on price reactions to these levels.
About Auto Markets:
Developed by Auto Markets, a trusted name in trading solutions. Visit us at www.automarkets.co.uk for more innovative tools and resources.
Crazymoney.aiImportant Notes:
Indicators Are Tools, Not Guarantees:
Indicators are not trading advice or a 100% guarantee. You must use them alongside your own knowledge and analysis.
Past Performance Disclaimer:
While our indicator has been tested and shows a good win rate, always remember that "Past performance is not a guarantee of future results."
About This Script:
This script is designed using a combination of multiple indicators, but it’s far more sophisticated than simple "if 2 indicators say buy, we buy" logic. It incorporates coded logic that acts as a "brain" to make decisions. While it can't avoid all bad trades, it aims to reduce false signals significantly.
Additionally, the script is designed to prevent the common issue of repainting found in many other buy/sell signal scripts.
Recommendation:
I suggest forward testing this script for a few days to understand how it works and to build confidence in its application.
Settings Breakdown:
1. Entry Type:
1. All Trades: Displays unfiltered trades without applying any logic.
2. AI: Filters trades using built-in logic for more accurate signals.
2.Stop-Loss (SL) Type (Red Line):
1. None: No stop-loss applied.
2. Safe: Larger stop-loss determined by the script’s logic.
3. Aggressive: Smaller stop-loss based on the signal candle’s (candle with a square on top/bottom) high or low.
3. Take-Profit (TP) Type (Green Line):
1. None: No take-profit applied.
2. RR: Take-profit based on the risk-reward ratio, adjustable using the RR. Mult. setting.
4. "Are You Greedy?" Checkbox: If checked, this option shows signals for when you can add more quantity or reduce your position based on logic.
5. Magic Levels: Displays support and resistance levels as black lines.
6. Yellow Candles refers to training SL hit or SL hit or Traget it.
Refer to the chart on the indicator page for visual guidance and markings.
PowerStrike ProPowerStrike Pro is a powerful trading indicator designed to help traders identify high-probability buy and sell signals using a combination of ATR (Average True Range), RSI (Relative Strength Index), MACD, Supertrend, and weighted support/resistance levels. It is ideal for traders who want to combine multiple technical analysis tools into one comprehensive indicator.
Key Features
ATR Filtered Signals: Ensures signals are only generated during significant price movements.
Weighted Support/Resistance: Dynamically calculates support and resistance levels based on recent price action.
RSI Divergence Detection: Identifies bullish and bearish divergences for early trend reversal signals.
Supertrend Integration: Adds Supertrend buy/sell signals for additional confirmation.
MACD Strength: Incorporates MACD histogram strength to confirm momentum.
Customizable Parameters: Adjust all settings to fit your trading style and timeframe.
How to Use PowerStrike Pro
1. Adding the Indicator
Go to TradingView and open your chart.
Click on the "Indicators" button at the top of the chart.
Search for "PowerStrike Pro" and select it to add it to your chart.
2. Understanding the Signals
Buy Signal (Green Triangle): Appears below the price when the indicator detects a strong buying opportunity.
Sell Signal (Red Triangle): Appears above the price when the indicator detects a strong selling opportunity.
Supertrend Signals: Additional buy/sell signals are displayed as labels (▲ for buy, ▼ for sell).
Support/Resistance Lines: Blue and red dashed lines represent weighted support and resistance levels.
3. Customizing the Indicator
Open the Settings of the indicator by clicking on the gear icon.
Adjust the parameters to suit your trading strategy. For example:
RSI Period: Increase for smoother RSI values or decrease for more sensitivity.
ATR Multiplier: Adjust to filter out smaller price movements.
Support/Resistance Weight: Control how much weight is given to recent peaks and valleys.
4. Interpreting the Strength Labels
Buy Strength (%): Displays the strength of the buy signal as a percentage. Higher values indicate stronger signals.
Sell Strength (%): Displays the strength of the sell signal as a percentage. Higher values indicate stronger signals.
Use these labels to gauge the confidence level of each signal.
5. Combining with Other Tools
Use PowerStrike Pro in conjunction with other indicators like moving averages, volume analysis, or trendlines for additional confirmation.
For example, only take buy signals when the price is above a key moving average (e.g., 200 EMA).
Example Trading Strategy
Trend Confirmation: Ensure the higher timeframe trend is bullish (e.g., using a 50-period SMA on the 1-hour chart).
Signal Confirmation: Wait for a Buy Signal (green triangle) with a strength of at least 75%.
Entry: Enter the trade when the price breaks above the nearest resistance level (red dashed line).
Stop Loss: Place your stop loss below the nearest support level (blue dashed line).
Take Profit: Use a risk-reward ratio of 1:2 or trail your stop loss using the Supertrend indicator.
Tips for Success
Backtest: Test the indicator on historical data to understand its performance in different market conditions.
Risk Management: Always use proper risk management techniques, such as position sizing and stop-loss orders.
Avoid Overloading: While PowerStrike Pro combines multiple tools, avoid adding too many additional indicators to prevent analysis paralysis.
Community Feedback
We encourage you to share your experiences with PowerStrike Pro in the TradingView community. Let us know how you’ve customized it or combined it with other tools to improve your trading results!
Conclusion
PowerStrike Pro is a versatile and powerful indicator that simplifies technical analysis by combining multiple tools into one. Whether you’re a beginner or an experienced trader, it can help you identify high-probability trading opportunities with confidence. Happy trading!
Grinding CloudEnjoy the result of 5 years work and brainstorming of two intelligent guys.
HAVE FUN MAKING MONEY
Support and Resistance by Auto MarketsSupport and Resistance by Auto Markets is a powerful tool designed to help traders easily identify key support and resistance levels directly on their charts. These levels are calculated based on the highest highs and lowest lows within a user-defined look back period, providing precise areas to watch for potential price reactions.
Key Features:
• Automatically plots support (green) and resistance (red) lines based on recent price action.
• Adjustable look back period for tailored analysis.
• Clean and user-friendly interface for seamless integration into any trading strategy.
• Includes branding from Auto Markets, a trusted name in the trading community.
How to Use:
1. Adjust the look back period in the settings to fit your trading timeframe.
2. Enable or disable support and resistance lines as needed.
3. Watch for price interactions at these levels to plan trades effectively.
About Auto Markets:
Created by Auto Markets, empowering traders with simple yet effective tools to maximise their trading edge. Visit us at www.automarkets.co.uk for more trading solutions.
Nimu Market on DemandNimu Market On Demand is an innovative tool designed to provide a visual representation of market demand levels on a scale of 1 to 100. This scale is displayed at specific intervals , making it easy for users to understand market demand fluctuations in real time.
To enhance analysis, Nimu Market On Demand also incorporates the Relative Strength Index (RSI) with key thresholds at . RSI is a widely-used technical indicator that measures market strength and momentum, offering insights into overbought (excessive buying) or oversold (excessive selling) conditions.
The combination of the Demand graph and RSI enables users to:
Identify the right time to buy when the RSI falls below 30, signaling an oversold condition.
Determine the optimal time to sell when the RSI rises above 70, indicating an overbought condition.
With an integrated visualization, users can effortlessly observe demand patterns and combine them with RSI signals to make smarter and more strategic trading decisions. This tool is designed to help traders and investors maximize opportunities in a dynamic market environment.
Profitability Visualization with Bid-Ask Spread ApproximationOverview
The " Profitability Visualization with Bid-Ask Spread Approximation " indicator is designed to assist traders in assessing potential profit and loss targets in relation to the current market price or a simulated entry price. It provides flexibility by allowing users to choose between two methods for calculating the offset from the current price:
Bid-Ask Spread Approximation: The indicator attempts to estimate the bid-ask spread by using the highest (high) and lowest (low) prices within a given period (typically the current bar or a user-defined timeframe) as proxies for the ask and bid prices, respectively. This method provides a dynamic offset that adapts to market volatility.
Percentage Offset: Alternatively, users can specify a fixed percentage offset from the current price. This method offers a consistent offset regardless of market conditions.
Key Features
Dual Offset Calculation Methods: Choose between a dynamic bid-ask spread approximation or a fixed percentage offset to tailor the indicator to your trading style and market analysis.
Entry Price Consideration: The indicator can simulate an entry price at the beginning of each trading session (or the first bar on the chart if no sessions are defined). This feature enables a more realistic visualization of potential profit and loss levels based on a hypothetical entry point.
Profit and Loss Targets: When the entry price consideration is enabled, the indicator plots profit target (green) and loss target (red) lines. These lines represent the price levels at which a trade entered at the simulated entry price would achieve a profit or incur a loss equivalent to the calculated offset amount.
Offset Visualization: Regardless of whether the entry price is considered, the indicator always displays upper (aqua) and lower (fuchsia) offset lines. These lines represent the calculated offset levels based on the chosen method (bid-ask approximation or percentage offset).
Customization: Users can adjust the percentage offset, toggle the bid-ask approximation and entry price consideration, and customize the appearance of the lines through the indicator's settings.
Inputs
useBidAskApproximation A boolean (checkbox) input that determines whether to use the bid-ask spread approximation (true) or the percentage offset (false). Default is false.
percentageOffset A float input that allows users to specify the percentage offset to be used when useBidAskApproximation is false. The default value is 0.63.
considerEntryPrice A boolean input that enables the consideration of a simulated entry price for calculating and displaying profit and loss targets. Default is true.
Calculations
Bid-Ask Approximation (if enabled): bidApprox = request.security(syminfo.tickerid, timeframe.period, low) Approximates the bid price using the lowest price (low) of the current period. askApprox = request.security(syminfo.tickerid, timeframe.period, high) Approximates the ask price using the highest price (high) of the current period. spreadApprox = askApprox - bidApprox Calculates the approximate spread.
Offset Amount: offsetAmount = useBidAskApproximation ? spreadApprox / 2 : close * (percentageOffset / 100) Determines the offset amount based on the selected method. If useBidAskApproximation is true, the offset is half of the approximated spread; otherwise, it's the current closing price (close) multiplied by the percentageOffset.
Entry Price (if enabled): var entryPrice = 0.0 Initializes a variable to store the entry price. if considerEntryPrice Checks if entry price consideration is enabled. if barstate.isnew Checks if the current bar is the first bar of a new session. entryPrice := close Sets the entryPrice to the closing price of the first bar of the session.
Profit and Loss Targets (if entry price is considered): profitTarget = entryPrice + offsetAmount Calculates the profit target price level. lossTarget = entryPrice - offsetAmount Calculates the loss target price level.
Plotting
Profit Target Line: Plotted in green (color.green) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true.
Loss Target Line: Plotted in red (color.red) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true.
Upper Offset Line: Always plotted in aqua (color.aqua) to show the offset level above the current price.
Lower Offset Line: Always plotted in fuchsia (color.fuchsia) to show the offset level below the current price.
Limitations
Approximation: The bid-ask spread approximation is based on high and low prices and may not perfectly reflect the actual bid-ask spread of a specific broker, especially during periods of high volatility or low liquidity.
Simplified Entry: The entry price simulation is basic and assumes entry at the beginning of each session. It does not account for specific entry signals or order types.
No Order Execution: This indicator is purely for visualization and does not execute any trades.
Data Discrepancies: The high and low values used for approximation might not always align with real-time bid and ask prices due to differences in data aggregation and timing between TradingView and various brokers.
Disclaimer
This indicator is for educational and informational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct thorough research and consider your own risk tolerance before making any trading decisions. It is recommended to combine this indicator with other technical analysis tools and a well-defined trading strategy.
Support & Resistance Levels//@version=6
// Copyright (C) 2024 . All Rights Reserved.
// Unauthorized copying, sharing, or distribution of this code is prohibited.
// This script is licensed for personal use only. Redistribution, modification, or resale is prohibited without explicit permission.
📊 Support and Resistance Levels - Script Overview 🚀
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🛡️ 1. Script Description:
- 📌 Script Name: Support and Resistance Levels
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🎯 2. Purpose:
- 📊 This script automatically identifies key support and resistance levels on the charts.
- 🚀 It helps traders to easily spot important market areas and make informed trading decisions based on these levels.
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⚙️ 3. How it works:
1️⃣ The script analyzes historical highs and lows to identify support and resistance areas.
2️⃣ Sustainable levels are marked using past data, which can act as potential reversal points.
3️⃣ Color-coded lines:
- 🎀 Pink line: Represents important resistance levels.
- 🔵 Blue line: Represents important support levels.
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📝 4. How to use:
1️⃣ Apply the script to your chart.
2️⃣ Observe the marked support and resistance levels to guide your trades.
3️⃣ 📉 Near resistance levels, consider planning a short trade.
4️⃣ 📈 Near support levels, consider planning long trades.
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✨ 5. Unique Features:
✅ Automatic level detection: No need for manual drawing.
✅ Advanced algorithm: Identifies reliable support and resistance levels, minimizing false signals.
✅ Versatile use: Ideal for swing traders and intraday traders.
✅ Multi-timeframe display: Shows key levels across all timeframes.
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⚠️ 6. Limitations:
- 🚫 Dynamic nature: Support and resistance levels may change due to market volatility.
- 📊 Increased accuracy: Combine this script with other indicators or strategies for better results.
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📚 7. User Guide:
1️⃣ Once applied, the chart will display color-coded support and resistance lines.
2️⃣ Use these lines to identify price trends, breakout zones, and reversal points.
3️⃣ 📊 Improve decision-making by combining this script with tools like RSI, MACD, and volume indicators.
📝 8. Disclaimer:
The script titled “Support and Resistance Levels” is created in compliance with TradingView house rules and community guidelines.
- ✅ It is an original work and does not violate intellectual property rights.
- ✅ The script does not contain deceptive, inappropriate, or harmful content.
- ✅ It follows ethical coding standards and includes clear instructions for users.
- ✅ Transparency is maintained regarding the purpose, functionality, and limitations of the script.
- ⚠️ Although every effort has been made to make the script function as expected, "ramumaurya" cannot guarantee faultless performance or suitability for all trading strategies.
- ✅ Designed to aid analysis and decision-making.
- ⚠️ Not financial advice; past performance is not indicative of future results.
- 🧠 Traders are advised to do their research and combine this script with other tools and strategies.
- 📚 Understanding the functioning of the script is recommended for effective trading practices.
Time Based Candle Zones [By. TradeSea ft. AB]The Time Based Candle Zone uses 12p and 8p candles to identify support and resistances zones.
Once the zone is broken by a candle close, the zone will disappear.
Key Zone Indicator [By. TradeSea]The Key Zone indicator identifies specific supply and demand zones within the market for maximum value.
The key components for this indicator are:
The Key Zones themselves
Breaker Boxes: when Key Zones are broken by a candle close, they transition into breaker boxes. When a breaker box is broken by price, the zone completely disappears.
Refined Zones: Improved Key Zones for key analysis
Inerva Arrows: Buy/sell signals based on TradeSea criteria.
Volara Density Zone Locator [By. TradeSea]Identify areas of consolidation in trending markets.
Once zones are broken, they disappear from the chart.
