Martingale8MARTINGALE8 Indicator: Comprehensive User Guide
Welcome to the MARTINGALE8 Indicator, your ultimate tool for implementing a customizable martingale trading strategy directly on TradingView! Whether you're a beginner trader or an experienced strategist, this indicator offers flexibility and clarity, empowering you to trade with confidence. Let’s dive into how you can make the most of it!
What Is the Martingale Principle?
The martingale strategy is a betting technique often used in gambling and trading. The idea is simple: double down on losing positions so that when a trade eventually succeeds, the profits will recover all previous losses and yield a small profit. In trading, this translates to placing incrementally larger buy orders as the price moves against your initial position, assuming the price will eventually reverse in your favor.
The martingale principle works under the asumption of mean reversion —that the price will eventually recover to a point where all accumulated losses are recouped, and a profit is made. By increasing order sizes at lower levels, the average entry price moves closer to the current price, reducing the price move required to reach profitability. However, like any strategy, it carries risks — if the price continues to move against your position without reversing, losses can escalate quickly .
What Does MARTINGALE8 Do?
The MARTINGALE8 Indicator is an open source script designed to:
Calculate multiple price levels (buy and take-profit) using a martingale strategy.
Allow full customization of entry size, order deviation, profit targets, and order multipliers.
Visualize key trading levels directly on the chart for better decision-making.
Provide helpful labels with real-time metrics like total cost, range analysis, and high-volume bar prices.
This indicator is ideal for traders looking to automate and refine their martingale-based trading approaches.
Features
1. Customizable Inputs
You have complete control over key parameters:
Start Price: Set a custom starting price, or let it default to the market price.
Entry Size: Choose your initial trade size (default: equivalent to 7.5 USDT).
Order Multiplier: Adjust the size of each subsequent order in the martingale sequence.
Order Deviation: Define the percentage deviation for each buy level.
Profit Deviation: Determine the target percentage deviation for take-profit levels.
Length: Specify the lookback period for market analysis (default: 84 bars).
2. Market Analysis
The script calculates key metrics, including:
Highest Volume Bar (HVB): Identifies the bar with the highest trading volume in the selected period.
Range Analysis: Computes the high-to-low range percentage to help you understand market volatility.
3. Martingale Levels
Automatically generates :
10 Buy Levels: Strategically placed below the starting price.
Take-Profit Level: A target above the starting price based on the profit deviation.
4. Cost Calculation
The script calculates the total cost of all orders, including a 10% buffer for safety, so you can plan your capital allocation effectively.
5. Visual Elements
The indicator draws clean and intuitive lines for:
Take-Profit Level: Highlighted in fuchsia.
Buy Levels: Clearly marked with aqua lines.
Zero Line: Your base price, shown in white.
Additional labels provide:
A summary of key metrics like total cost, entry price, and range.
Precise price values for the take-profit and lowest buy levels.
How to Use MARTINGALE8
Step 1: Add the Indicator to Your Chart
Click on the “Indicators” tab in TradingView.
Search for “MARTINGALE8” and add it to your chart.
Step 2: Configure the Inputs
Navigate to the Settings menu of the indicator and adjust the following parameters:
Start Price : Set your starting price or leave it as 0 to use the current market price.
Entry Size : Define the size of your initial trade (e.g., 7.5 USDT).
Order Multiplier : Choose how much larger each subsequent order should be.
Order Deviation : Specify the percentage distance between buy levels.
Profit Deviation : Set your desired percentage for the take-profit level.
Length : Adjust the number of bars to analyze for high volume.
Step 3: Visualize the Levels
The indicator will plot:
A white line for the base price.
Aqua lines for the buy levels.
A fuchsia line for the take-profit level.
Step 4: Monitor the Labels
Look for the summary label on the chart, which shows:
Total cost of the martingale orders.
Entry price and key market metrics (range, high-volume bar price).
Tips for Optimal Use
Adjust Inputs to Match Market Conditions : Experiment with order and profit deviations to account for volatile or steady markets.
Manage Risk : Use the cost calculation feature to ensure you allocate capital responsibly.
Technical Details
The script is written in Pine Script v6 and uses:
Switch Statements : For flexible default values.
Line Objects : To draw and update key price levels dynamically.
Labels : To display relevant trading metrics.
I’m glad to share this tool with the TradingView community. If you enjoy using MARTINGALE8, please keep it going and share your feedback. Let’s trade smarter, not harder!
Unterstützung und Widerstand
[KaraTread] Supply & DemandThe " Supply & Demand Indicator" is designed to analyze market supply and demand zones, identify key levels such as swing points (local highs and lows), and plot Fibonacci levels. Its primary goal is to detect potential entry points, set stop-losses, and determine take-profit targets based on market structure analysis.
Key Features:
1. Swing Points Analysis:
Automatically identifies local highs (Swing Highs) and lows (Swing Lows) on the chart.
Displays these points as circles on the chart, making it easier for traders to visualize market structure.
2. Fibonacci Levels:
Calculates key Fibonacci levels based on the current market structure.
Displays these levels on the chart with different line styles for better visual clarity.
Allows customization of coefficients for entry points, stop-losses, and take-profits.
3. Supply and Demand Zones:
Automatically draws rectangular zones illustrating areas of significant market activity (green for demand zones, red for supply zones).
These zones help identify potential reversal or continuation areas in the market.
4. Trend Reversal Detection (CHoCH and BOS):
Identifies key moments of trend changes (Change of Character, CHoCH) and structure breaks (Break of Structure, BOS).
Helps traders spot when the market is likely to change direction.
5. Live Levels Display:
The indicator creates live levels that update in real-time, showing the current zones and key levels.
Settings:
Structure Settings:
Show Swing Points: Enable/disable the display of swing points.
Structure Length: Sets the length of the structure for analysis.
Fibonacci Levels Settings:
Entry point coefficient: Coefficient for calculating the entry point.
Stop loss coefficient: Coefficient for calculating the stop-loss level.
Take profit coefficient: Coefficient for calculating the take-profit level.
Usage:
This indicator is a powerful tool for identifying market zones and is suitable for both manual and automated trading strategies. By combining swing point analysis, supply/demand zones, and Fibonacci levels, it provides traders with a visual representation of the current market situation, enabling more informed decision-making.
The indicator is ideal for all types of traders, especially those who rely on price action and wish to incorporate Fibonacci levels into their strategies.
Auto Fibonacci LinesThis TradingView script is a modded version of the library called "VisibleChart" created by Pinecoder.
This version has the option for users to change the Fibonacci lines and price labels. This makes the script user-friendly.
Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel after a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. This study automatically draws horizontal lines that are used to determine possible support and resistance levels.
It's designed to automatically plot Fibonacci retracement levels on chart, aiding in technical analysis for traders.
First, the highest and lowest bars on the chart are calculated. These values are used for Fibonacci extensions.
These values update as traders scroll or zoom their charts, this shows that it is a useful indicator that can dynamically calculate and draw visuals on visible bars only.
EMA/SMA + Multi-Timeframe Dashboard (Vertical)20/50 ema and 200 sma
The EMA SMA Trading Indicator combines the power of Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) to help traders identify trends, reversals, and key entry/exit points.
Features:
Dual Moving Averages: Tracks both EMA and SMA to provide a balanced view of short-term and long-term market trends.
Customizable Periods: Allows users to set unique periods for EMA and SMA to suit their trading style and timeframe (e.g., day trading, swing trading, or investing).
Cross Alerts: Highlights EMA and SMA crossover points, which often indicate potential buy or sell signals.
Color-Coded Lines: Visual differentiation between EMA (dynamic and responsive) and SMA (smooth and lagging) for better readability.
Multi-Timeframe Compatibility: Suitable for scalping, intraday trading, and long-term analysis.
Usage:
Trend Confirmation: When the EMA is above the SMA, it signals a bullish trend; when it is below the SMA, it signals a bearish trend.
Crossover Strategy: Use crossovers as potential buy (EMA crosses above SMA) or sell (EMA crosses below SMA) signals.
Dynamic Support/Resistance: EMA can act as short-term support/resistance, while SMA represents long-term levels.
This indicator is perfect for traders who want to combine EMA's speed with SMA's stability for improved decision-making in volatile markets. Customizable alerts and visual cues make it user-friendly for beginners and experienced traders.
Make informed decisions and take your trading to the next level with the EMA SMA Trading Indicator!
[GrandAlgo] MTF Confluence Key LevelsMTF Confluence Key Levels
The MTF Confluence Key Levels indicator is a powerful tool designed to identify pivotal price levels by analyzing price action across three timeframes . By leveraging a proprietary algorithm, this indicator filters out noise and highlights only the most significant zones, providing traders with actionable insights into potential price reactions.
With daily level resets , the indicator ensures traders work with the most current data, enabling precision and confidence in their trading decisions. Whether you’re a day trader, swing trader, or long-term investor, this tool adapts seamlessly to your trading style across all markets.
Key Features:
Multi-Timeframe Analysis: Evaluates price data across three timeframes to identify areas of confluence with high accuracy.
Daily Level Reset: Automatically refreshes key levels each day to reflect the latest market dynamics.
Proprietary Algorithm: Filters out insignificant levels to focus on zones that matter most, reducing chart clutter.
Universal Application: Compatible with Forex, crypto, stocks, indices, and commodities.
Customizable Settings: Tailor the indicator to align with your preferred strategy and level of precision.
Benefits:
Identify high-probability zones for potential reversals, breakouts, or consolidations.
Align short-term trades with long-term trends for enhanced confluence.
Optimize entries and exits by using precise confluence levels.
Improve risk management by setting stop-loss and take-profit levels based on robust support and resistance zones.
Adaptable for all trading styles, including day trading, swing trading, and position trading.
Use Cases:
Confirm overarching market trends by analyzing key levels from higher timeframes.
Refine trade entries and exits by leveraging multi-timeframe confluence.
Combine key levels with other tools, such as volume and momentum indicators, for enhanced decision-making.
Adjust strategies daily with updated levels reflecting current price action.
The image showcases how the MTF Confluence Key Levels indicator dynamically highlights critical areas of market interest using three timeframes for actionable trading insights.
Disclaimer:
This indicator is a technical analysis tool designed to assist traders by providing insights into market conditions. It does not guarantee future price movements or trading outcomes and should not be relied upon as a sole decision-making tool. The effectiveness of this indicator depends on its application, which requires your trading knowledge, experience, and judgment.
Trading involves significant financial risk, including the potential loss of capital. Past performance of any tool or indicator does not guarantee future results. This script is intended for educational and informational purposes only and does not constitute financial or investment advice. Users are strongly encouraged to perform their own analysis and consult with a qualified financial professional before making trading decisions.
JaT - Max/Min Labels ProDescription:
The JaT - Max/Min Labels Pro is a powerful and customizable tool designed for traders who want clear, precise, and visually appealing identification of local price extremes. This indicator dynamically detects local maxima and minima based on user-defined sensitivity and displays their values as labels directly on the chart.
Key Features:
Dynamic Extremes Detection: Automatically identifies local highs and lows using a user-configurable lookback period and sensitivity setting.
Customizable Label Offset: Allows you to position labels further away from the bars for enhanced visibility.
Clear Visualization: Labels are color-coded for clarity:
Green for Highs: Transparent green text (50% opacity) displayed above the bar.
Red for Lows: Transparent red text (50% opacity) displayed below the bar.
Efficient Performance: Utilizes optimized Pine Script arrays to manage labels dynamically and avoid clutter.
User-Friendly: Simple configuration with adjustable parameters for lookback period, sensitivity, and label offset.
Parameters:
Lookback Period: Defines the range of bars to analyze for extremes.
Sensitivity: Adjusts the smoothing level for extreme detection using a moving average.
Label Offset: Controls the vertical distance of labels from the bar, ensuring they are easy to read without overlapping.
Who is it for?
This indicator is ideal for traders who rely on technical analysis to spot potential reversal points, breakout levels, or key support/resistance zones. Whether you're a day trader, swing trader, or long-term investor, the JaT - Max/Min Labels Pro provides an elegant and practical solution for enhancing your charting workflow.
How to Use:
Add the indicator to your chart.
Configure the settings to suit your trading style:
Adjust the Lookback Period to define how far back the indicator analyzes.
Set the Sensitivity to control how frequently highs and lows are detected.
Use the Label Offset to adjust label placement for better visibility.
Observe the dynamically generated labels highlighting price extremes.
Feel free to tweak or expand this description if you'd like to emphasize other features or include additional instructions. Let me know if there's anything else you'd like to add or adjust! 😊
Yearly Open LevelsThe Yearly Open Levels indicator is designed to help traders visualize the opening price of each year on a price chart.
Key Features:
Yearly Open Display: Automatically calculates and displays the opening price for each year starting from a user-defined starting year. This helps traders quickly spot where the price opens each year.
Customizable Start Year: Users can set a specific year to begin displaying opening levels. The default starting year is 2022, but this can be adjusted based on individual trader needs.
Visual Lines and Labels: Each yearly open is represented by a horizontal line that extends to the right of the chart, making it easy to see the level throughout the year.
A label is placed next to the line, indicating the year and the opening price, enhancing clarity and reference while analyzing price movements.
Color Customization: Traders can choose the color of the lines and labels to fit their charting style or preferences, enhancing the visual representation on different market charts.
PivotBuilderOverview
PivotBuilder is a versatile trading tool that allows traders to create up to eight pivot lines, calculated using moving averages and standard deviation offsets, for enhanced market analysis and trade signal generation. These pivot lines work in conjunction with a trigger line to generate long and short signals based on user-defined parameters.
Key features:
Build strategies based on interaction between a moving average and any one or more of the 8 pivot lines - all fully configurable.
Customizable moving average types for pivot and trigger lines (SMA, EMA, VWMA).
Optional global pivot line configuration to simplify parameter adjustments.
Signal persistence options: signals can last for only one bar or until the opposite signal is issued.
Strategy visualization on chart.
Ideal for intraday and swing traders seeking dynamic support/resistance analysis and related strategies.
Key Concepts:
Customizable Pivot Lines
Create up to eight pivot lines with individually adjustable lengths, moving average types, and standard deviation offsets.
Optionally enable or disable signal generation for each pivot line.
Global Pivot Line Settings
Use a single global length for all pivot lines with one input for quicker configuration.
Signal Persistence
Choose between signals lasting only for the current bar or remaining active until the opposite signal is issued.
Chart Highlighting
Green background: Long signal is active.
Red background: Short signal is active.
Alerts
Configure alerts for signals via email, Discord, pop-ups, or sound using TradingView's native alert function.
Input Parameters
Global Settings:
Use Global Length for Pivot Lines: Enable this to apply a single length value to all pivot lines.
Global Pivot Line Length: The length to apply when the global setting is enabled.
Signal Mode:
Signal Mode: Select how long signals persist.
One Bar Only: Signals last only for the current bar.
Until Opposite Signal: Signals remain active until the opposite signal is triggered.
Trigger Line:
Trigger Line Moving Average Length: Set the length of the moving average for the trigger line.
Trigger Line MA Type: Choose the moving average type (Simple - SMA, Exponential - EMA, Volume-Weighted - VWMA).
Pivot Lines:
Each of the eight pivot lines has the following configurable settings:
Length: Define the moving average length. Overrides the global length if global settings are disabled.
MA Type: Choose between Simple - SMA, Exponential - EMA, Volume-Weighted - VWMA.
Standard Deviation: Set the standard deviation offset for the pivot line.
Enable Signal: Turn signal generation on/off for the specific pivot line.
Example Strategy on Nasdaq Futures (NQ, 1-minute Chart)
Long Signal:
A long signal is generated when:
The trigger line crosses above Pivot Line, Pivot Line 2, Pivot Line 3, and Pivot Line 4.
Short Signal:
A short signal is generated when:
The trigger line crosses below Pivot Line, Pivot Line 2, Pivot Line 3, and Pivot Line 4.
Configuration Example:
Global Settings:
Use Global Length for Pivot Lines: Disabled (to allow individual lengths for each pivot line).
Signal Mode: Until Opposite Signal (signals persist until the opposite signal is triggered).
Trigger Line:
Trigger Line Moving Average Length: 5.
Trigger Line MA Type: EMA (Exponential Moving Average).
Pivot Line 1:
Length: 20.
MA Type: EMA (Exponential Moving Average).
Standard Deviation: 0.25.
Enable Signal: True.
Pivot Line 2:
Length: 50.
MA Type: EMA (Exponential Moving Average).
Standard Deviation: -0.5.
Enable Signal: True.
Pivot Line 3:
Length: 50.
MA Type: EMA (Exponential Moving Average).
Standard Deviation: 1.
Enable Signal: True.
Pivot Line 4:
Length: 40.
MA Type: EMA (Exponential Moving Average).
Standard Deviation: 2.0.
Enable Signal: True.
Set Pivot Lines 5-8 disabled.
Signals:
Green Highlight: Indicates a long signal is active.
Red Highlight: Indicates a short signal is active.
Alerts
PivotBuilder allows you to set alerts for long or short signals. Here’s how to set them up in TradingView:
Add the Indicator: Attach PivotBuilder to your chart.
Open Alert Menu: Right-click on the chart and select Add Alert.
Condition: Choose your symbol (e.g., NQ) and select PivotBuilder.
Alert Options:
Crossing: Choose if you want to be alerted for "long" or "short" signals.
Notifications: Configure alerts via:
Email: Receive email alerts when signals are triggered.
Webhook: Set up Discord notifications via webhooks.
Pop-ups: Show an on-screen alert in TradingView.
Sound: Play a sound when a signal is issued.
Create: Save the alert.
Signal Persistence: How It Works
PivotBuilder gives you control over how long signals remain active:
One Bar Only:
Signals are active for the current bar only.
At the close of the bar, signals reset automatically.
Until Opposite Signal:
A long signal remains active until a short signal is triggered and vice versa.
Useful for trend-following strategies.
Development Roadmap
Future updates for PivotBuilder will include:
New Moving Average Types: Expand the available moving average options for both the pivot and trigger lines. Planned additions include, Weighted Moving Average (WMA), Hull Moving Average (HMA), Least Squares Moving Average (LSMA), and more.
Dynamic Volume Filtering: Add volume-based conditions to validate signals during periods of high market activity, filtering out low-liquidity signals.
Incorporation of Support/Resistance Calculations: Integrate traditional and alternative methods of support and resistance calculations into pivot lines such as Fibonacci retracements, Average True Range (ATR), volume-profile based support.
Automated trading via Strategy companion add-on.
Order Blocks with Volume Heatmap & Clusters - VK TradingOrder Blocks with Volume Heatmap & Clusters - VK Trading
This script is designed to identify and highlight Order Blocks, a key concept in institutional trading, and combines it with powerful tools like volume heatmaps and accumulation clusters for enhanced market analysis. Suitable for traders of all experience levels, this script provides a clear and customizable visualization to help identify significant market zones effectively.
What Does This Script Do?
Order Block Identification: Highlights bullish and bearish order blocks directly on the chart, making it easier to spot key supply and demand zones.
Volume Heatmap: A dynamic heatmap adjusts colors based on relative volume, allowing you to quickly identify areas of heightened activity.
Institutional Accumulation Clusters: Zones of potential institutional accumulation are calculated using a combination of ATR (Average True Range), standardized volume, and RSI (Relative Strength Index).
Automatic Clearing: Invalidated order blocks are automatically removed, ensuring your charts remain clean and focused.
Key Features
Customizable Sensitivity: Adjust the script’s sensitivity to tailor order block detection to different market conditions and strategies.
Advanced Volume Display Options: Toggle volume visibility on or off. Customize the position, size, and color of volume labels for better integration with your chart's design.
Dynamic Heatmap Intensity: Fine-tune the heatmap’s intensity and color to highlight areas of interest based on trading volume.
Dual Order Block Detection: Uses two independent detection settings to analyze the market from multiple perspectives.
Visual Alerts: Automatically draws key level lines based on detected order blocks for better clarity.
User Benefits:
Clear Market Analysis: Helps pinpoint institutional activity and key levels with minimal effort.
Increased Efficiency: Automates plotting and analysis, allowing you to focus on decision-making.
Versatile Compatibility: Complements strategies like Smart Money Concepts, Wyckoff, and Price Action approaches.
Disclaimer
This script is intended as an analytical and educational tool. It does not guarantee specific outcomes or eliminate trading risks. Use this tool at your own discretion and always practice proper risk management.
[GrandAlgo] Impulse & Balance
The Impulse & Balance indicator identifies and labels three key levels—Impulse, Balance, and Apex—offering traders a structured and dynamic view of market behavior. Starting with the detection of Impulse levels, the indicator calculates corresponding Balance zones and Apex levels to provide actionable insights into price movement, potential reversals, and trend stability.
This indicator adapts seamlessly to all timeframes and market types, giving traders a powerful tool for understanding market dynamics and refining their strategies.
How It Works:
Impulse: Identifies critical price levels where significant market conditions occur. These Impulse levels serve as the foundation for calculating Balance and Apex levels.
Balance: Derived from Impulse levels, Balance zones mark areas of equilibrium where price tends to stabilize. These zones often act as key support or resistance areas.
Apex: The Apex is calculated as a pivotal level where price momentum within the Impulse reaches a peak, highlighting potential reversal or reaction points.
The indicator dynamically updates these levels in real-time as price evolves, ensuring that traders always have the most relevant data on their charts.
Key Features:
Automatically detects Impulse, Balance, and Apex levels for structured market analysis.
Continuously recalculates levels in real-time as price action evolves.
Offers customizable parameters for sensitivity and detection range.
Works seamlessly across all timeframes and market types.
Provides clear visual labels for effortless interpretation.
Use Cases:
Spot potential reversal zones or price reaction points using Apex levels.
Identify key price stabilizations with Balance zones for support and resistance analysis.
Monitor Impulse levels for insights into significant market conditions and momentum.
Suitable for various instruments, including Forex, crypto, stocks, and indices.
Ultra Round NumbersThe Ultra Round Numbers indicator is designed to improve your market analysis by visually emphasizing significant price levels. These round numbers often act as psychological levels where traders and investors tend to make decisions. With this tool, you can easily spot these levels, adjust their precision, and customize their appearance.
Detailed Description
Ultra Round Numbers dynamically plots horizontal lines at key price intervals based on user-defined step sizes. These intervals represent round-numbered price levels, which can serve as critical support and resistance zones.
Step Configurations
The indicator features three customizable steps: Biggest, Middle, and Smallest.
Each step allows you to define:
The step size in price to determine the intervals for the lines.
The maximum number of lines above and below the current price.
The color, style, and thickness of the lines for better visualization.
The script efficiently handles the creation and deletion of lines to prevent clutter on the chart. It ensures only the relevant lines (from biggest step to lowest step) are displayed based on your settings and the current price movement.
This indicator is a powerful yet user-friendly indicator for identifying psychological price levels on your charts. With fully customizable steps, dynamic line management, and clean visuals, this tool empowers traders of all skill levels to make more informed trading decisions.
[GrandAlgo] Candle Trap ZonesThe Candle Trap Zones indicator identifies areas where price becomes "trapped" within a defined range and refines these zones using a proprietary algorithm. This unique approach ensures that only the most relevant zones, based on both proximity and price behavior, are highlighted for traders. By integrating advanced features like Fibonacci Cloud visualization and customizable detection parameters, the indicator offers tools to support detailed and adaptable price action analysis.
How It Works:
The Candle Trap Zones indicator evaluates historical price data to identify ranges where price has been trapped. Zones are filtered using proximity detection to prevent overlaps and maintain clarity. Additionally:
The strength parameter adjusts the sensitivity of zone identification, while the trap detection range determines how far back the algorithm evaluates price data.
The Fibonacci Cloud acts as an extension of the identified zones, providing additional precision by highlighting key levels just outside the zones
The auto-adjustment feature dynamically modifies zones if new zones are formed in close proximity, ensuring the chart reflects the most relevant areas.
The zone extension feature expands zones when price re-enters, allowing traders to track extended interactions with critical levels.
Key Features:
Proximity-Based Trap Zone Detection
Dynamically identifies and refines trap zones while avoiding overlaps to keep charts clean.
Fibonacci Cloud Integration:
Extends trap zones with Fibonacci-based levels, providing actionable reference points for potential reactions.
Customizable Detection Parameters:
Fine-tune zone detection with adjustable strength and range settings to suit various trading styles.
Real-Time Alerts:
Sends notifications when price enters, exits, or re-tests a trap zone, enabling timely trading decisions.
Dynamic Zone Updates:
Continuously recalculates zones as new data becomes available, reflecting current market conditions.
Clear and Intuitive Visuals:
Trap zones and Fibonacci clouds are highlighted in distinct colors for seamless chart analysis.
Use Cases:
Identify areas where price consolidates or liquidity builds up.
Monitor zones for potential breakouts or reversals.
Fibonacci Clouds serve as additional reference points for anticipating market reactions and refining trade setups
Trap zones may highlight areas of accumulation or distribution where traders can anticipate price reversals or breakouts.
Useful for identifying liquidity zones in range-bound markets or pinpointing key levels for breakout trades in trending markets.
Adaptable for use in Forex, crypto, stocks, and other trading markets.
Disclaimer:
This indicator is a technical analysis tool designed to assist traders by providing insights into market conditions. It does not guarantee future price movements or trading outcomes and should not be relied upon as a sole decision-making tool. The effectiveness of this indicator depends on its application, which requires your trading knowledge, experience, and judgment.
Trading involves significant financial risk, including the potential loss of capital. Past performance of any tool or indicator does not guarantee future results. This script is intended for educational and informational purposes only and does not constitute financial or investment advice. Users are strongly encouraged to perform their own analysis and consult with a qualified financial professional before making trading decisions.
[GrandAlgo] Supply Demand Pressure CloudThe Supply Demand Pressure Cloud takes traditional supply and demand analysis to the next level by incorporating a dynamic pressure cloud. This cloud visually represents the intensity of market activity within supply and demand zones, offering traders an edge in identifying key levels of buying and selling pressure. Unlike conventional supply and demand indicators, the Pressure Cloud provides enhanced insights into market dynamics by focusing on the buildup of pressure within these zones.
In addition to pressure analysis, the indicator allows customization of zone strength—Major, Intermediate, or Minor—enabling users to adapt the tool to their trading strategy and preferred levels of significance.
Key Features:
Unique Pressure Cloud Visualization:
Red Supply Clouds: Indicate areas with significant selling pressure, often acting as resistance.
Green Demand Clouds: Indicate areas with significant buying pressure, often acting as support.
The cloud shading dynamically represents the buildup of market pressure, providing a visual edge that simple supply/demand indicators lack.
Customizable Pressure Levels:
Choose between Mild, Moderate, or Strong pressure levels to highlight zones with varying levels of market intensity.
Adjustable Zone Strength:
Select between Major, Intermediate, and Minor zones to focus on the levels most relevant to your trading style.
Real-Time Adaptability:
Automatically adjusts to reflect the most current market conditions, ensuring the zones are always relevant.
Clear and Intuitive Visuals:
Gradual color shading for the Pressure Cloud enhances clarity and usability, making it easy to spot key levels at a glance.
Comprehensive Market Coverage:
Works seamlessly across multiple markets, including Forex, crypto, stocks, and commodities.
Why Choose Supply Demand Pressure Cloud?
While traditional supply and demand indicators only highlight zones, the Pressure Cloud adds another layer of actionable insight by visually representing the intensity of pressure within these areas. This feature allows traders to:
Anticipate potential reversals with greater accuracy.
Prioritize zones with higher market activity.
Stay ahead of significant price movements.
The Pressure Cloud sets this indicator apart, making it an essential tool for traders who want a deeper understanding of market dynamics.
How It Works:
The Supply Demand Pressure Cloud identifies supply and demand zones by analyzing historical price data. It then overlays a Pressure Cloud within these zones, representing the intensity of pressure. Users can further refine the analysis by:
Selecting Pressure Levels:
🔹 Mild: Highlights pressure clouds with lower intensity.
🔹 Moderate: Displays pressure clouds with medium intensity.
🔹 Strong: Focuses on pressure clouds with the highest intensity for precise trading insights.decisions.
Adjusting Zone Strength:
🔹 Major: High-impact zones that attract significant market attention.
🔹 Intermediate: Medium-significance levels for additional context.
🔹 Minor: Lesser impact zones for detailed analysis.
The image showcases the Supply Demand Pressure Cloud in action, dynamically highlighting key supply and demand zones on the chart. These zones, combined with the pressure clouds, provide a clear visualization of potential areas of market interest:
Supply Zone (Red): Represents areas of concentrated selling pressure. The overlayed Supply Cloud (red gradient) highlights the buildup of supply pressure within the zone, offering insights into potential resistance areas.
Demand Zone (Green): Represents areas of concentrated buying pressure. The overlayed Demand Cloud (green gradient) highlights the buildup of demand pressure, indicating potential support zones.
This powerful combination of zones and pressure clouds equips traders with actionable insights to identify market turning points, reversals, and areas of consolidation. Let the Supply Demand Pressure Cloud be your guide to navigating market dynamics.
Disclaimer:
This indicator is a technical analysis tool designed to assist traders by providing insights into market conditions. It does not guarantee future price movements or trading outcomes and should not be relied upon as a sole decision-making tool. The effectiveness of this indicator depends on its application, which requires your trading knowledge, experience, and judgment.
Trading involves significant financial risk, including the potential loss of capital. Past performance of any tool or indicator does not guarantee future results. This script is intended for educational and informational purposes only and does not constitute financial or investment advice. Users are strongly encouraged to perform their own analysis and consult with a qualified financial professional before making trading decisions.
VWAP Fibonacci Bands (Zeiierman)█ Overview
The VWAP Fibonacci Bands is a sophisticated yet user-friendly indicator designed to assist traders in visualizing market trends, volatility, and potential support/resistance levels. Developed by Zeiierman, this tool integrates the MIDAS (Market Interpretation Data Analysis System) methodology with Standard Deviation Bands and user-defined Fibonacci levels to provide a comprehensive market analysis framework.
This indicator is built for traders who want a dynamic and customizable approach to understanding market movements, offering features that adapt to varying market conditions. Whether you're a scalper, swing trader, or long-term investor.
█ How It Works
⚪ Anchor Point System
The indicator begins its calculations based on an anchor point, which can be set to:
A specific date for historical analysis or alignment with significant market events.
A timeframe-based reset, dynamically restarting calculations at the beginning of each selected period (e.g., daily, weekly, or monthly).
This dual-anchor method ensures flexibility, allowing the indicator to align with various trading strategies.
⚪ MIDAS Calculation
The MIDAS calculation is central to this indicator. It uses cumulative price and volume data to compute a volume-weighted average price (VWAP), offering a trendline that reflects the true value weighted by trading activity.
⚪ Standard Deviation Bands
The upper and lower bands are calculated using the standard deviation of price movements around the MIDAS line.
⚪ Fibonacci Levels
User-defined Fibonacci ratios are used to plot additional support and resistance levels between the bands. These levels provide visual cues for potential price reversals or trend continuations.
█ How to Use
⚪ Trend Identification
Uptrend: The price remains above the MIDAS line.
Downtrend: The price stays below the MIDAS line and aligns with the lower bands.
⚪ Support and Resistance
The upper and lower bands act as support and resistance levels.
Fibonacci levels provide intermediate zones for potential price reversals.
⚪ Volatility Analysis
Wider bands indicate periods of high volatility.
Narrower bands suggest low-volatility conditions, often preceding breakouts.
⚪ Overbought/Oversold Conditions
Look for the price beyond the upper or lower bands to identify extreme conditions.
█ Settings
Set Anchor Method
Anchor Method: Choose between Timeframe or Date to define the starting point of calculations.
Anchor Timeframe: For Timeframe mode, specify the interval (e.g., Daily, Weekly).
Anchor Date: For Date mode, set the exact starting date for historical alignment.
Set Std Dev Multiplier
Controls the width of the bands:
Higher values widen the bands, filtering out minor fluctuations.
Lower values tighten the bands for more responsive analysis.
Set Fibonacci Levels
Define custom Fibonacci ratios (e.g., 0.236, 0.382) to plot intermediate levels between the bands.
█ Tips for Fine-Tuning
⚪ For Trend Trading:
Use higher Std Dev Multipliers to focus on long-term trends and avoid noise. Adjust Anchor Timeframe to Weekly or Monthly for broader trend analysis.
⚪ For Reversal Trading:
Tighten the bands with a lower Std Dev Multiplier.
Use shorter anchor timeframes for intraday reversals (e.g., Hourly).
⚪ For Volatile Markets:
Increase the Std Dev Multiplier to accommodate wider price swings.
⚪ For Quiet Markets:
Decrease the Std Dev Multiplier to highlight smaller fluctuations.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
[GrandAlgo] Liquidity HeatmapThe Liquidity Heatmap is a unique indicator designed to identify and highlight zones where price is likely to react based on liquidity dynamics. Unlike tools that analyze volume across all price levels, this indicator focuses specifically on liquidity concentrated around potential reversal zones. By evaluating price action and volume at these critical levels, it identifies areas of heightened interest for traders.
Key Features:
Dynamic Liquidity Zones:
Automatically calculates liquidity zones based on historical price activity, ensuring real-time relevance.
Volume-Based or Candle Interaction Analysis:
Choose between volume-based evaluation to focus on order flow or candle-based interaction for a broader perspective.
Customizable Percentile Threshold:
Filter zones based on their significance by setting a threshold to display only the top liquidity areas.
Lookback Period Control:
Define how many candles the indicator should analyze, allowing you to focus on short-term or long-term liquidity levels.
Color-Coded Visuals:
Liquidity zones are displayed using gradients, with green representing potential bullish zones (below price) and red representing potential bearish zones (above price). Stronger zones are indicated with darker colors.
How It Works:
The Liquidity Heatmap divides the price range into multiple levels, evaluating each level for interaction with historical price data. Liquidity zones are calculated based on:
Volume Concentration: When enabled, the indicator evaluates zones using historical volume, highlighting areas with significant order flow.
Candle Interactions: When volume-based analysis is disabled, the indicator calculates the number of candles interacting with each zone to determine its importance.
Zones that meet the user-defined percentile threshold are highlighted on the chart. Color gradients indicate the strength of each zone, allowing traders to prioritize the most significant areas. Real-time alerts notify users when the price touches these zones, providing actionable insights.
The image illustrates the volume-based analysis feature of the Liquidity Heatmap indicator. Liquidity zones are dynamically highlighted with intuitive color gradients—green for bullish volume and red for bearish volume—providing a clear visual representation of areas with concentrated liquidity at potential reversal points. This feature helps traders focus on zones with significant market activity, enhancing their decision-making process.
Disclaimer
This indicator is a technical analysis tool designed to assist traders by providing insights into market conditions. It does not guarantee future price movements or trading outcomes and should not be relied upon as a sole decision-making tool. The effectiveness of this indicator depends on its application, which requires your trading knowledge, experience, and judgment.
Trading involves significant financial risk, including the potential loss of capital. Past performance of any tool or indicator does not guarantee future results. This script is intended for educational and informational purposes only and does not constitute financial or investment advice. Users are strongly encouraged to perform their own analysis and consult with a qualified financial professional before making trading decisions.
Multi-Band Comparison (Uptrend)Multi-Band Comparison
Overview:
The Multi-Band Comparison indicator is engineered to reveal critical levels of support and resistance in strong uptrends. In a healthy upward market, the price action will adhere closely to the 95th percentile line (the Upper Quantile Band), effectively “riding” it. This indicator combines a modified Bollinger Band (set at one standard deviation), quantile analysis (95% and 5% levels), and power‑law math to display a dynamic picture of market structure—highlighting a “golden channel” and robust support areas.
Key Components & Calculations:
The Golden Channel: Upper Bollinger Band & Upper Std Dev Band of the Upper Quantile
Upper Bollinger Band:
Calculation:
boll_upper=SMA(close,length)+(boll_mult×stdev)
boll_upper=SMA(close,length)+(boll_mult×stdev) Here, the 20-period SMA is used along with one standard deviation of the close, where the multiplier (boll_mult) is 1.0.
Role in an Uptrend:
In a healthy uptrend, price rides near the 95th percentile line. When price crosses above this Upper Bollinger Band, it confirms strong bullish momentum.
Upper Std Dev Band of the Upper Quantile (95th Percentile) Band:
Calculation:
quant_upper_std_up=quant_upper+stdev
quant_upper_std_up=quant_upper+stdev The Upper Quantile Band, quant_upperquant_upper, is calculated as the 95th percentile of recent price data. Adding one standard deviation creates an extension that accounts for normal volatility around this extreme level.
The Golden Channel:
When the price crosses above the Upper Bollinger Band, the Upper Std Dev Band of the Upper Quantile immediately shifts to gold (yellow) and remains gold until price falls below the Bollinger level. Together, these two lines form the “golden channel”—a visual hallmark of a healthy uptrend where the price reliably hugs the 95th percentile level.
Upper Power‑Law Band
Calculation:
The Upper Power‑Law Band is derived in two steps:
Determine the Extreme Return Factor:
power_upper=Percentile(returns,95%)
power_upper=Percentile(returns,95%) where returns are computed as:
returns=closeclose −1.
returns=close close−1.
Scale the Current Price:
power_upper_band=close×(1+power_upper)
power_upper_band=close×(1+power_upper)
Rationale and Correlation:
By focusing on the upper 5% of returns (reflecting “fat tails”), the Upper Power‑Law Band captures extreme but statistically expected movements. In an uptrend, its value often converges with the Upper Std Dev Band of the Upper Quantile because both measures reflect heightened volatility and extreme price levels. When the Upper Power‑Law Band exceeds the Upper Std Dev Band, it can signal a temporary overextension.
Upper Quantile Band (95% Percentile)
Calculation:
quant_upper=Percentile(price,95%)
quant_upper=Percentile(price,95%) This level represents where 95% of past price data falls below, and in a robust uptrend the price action practically rides this line.
Color Logic:
Its color shifts from a neutral (blackish) tone to a vibrant, bullish hue when the Upper Power‑Law Band crosses above it—signaling extra strength in the trend.
Lower Quantile and Its Support
Lower Quantile Band (5% Percentile):
Calculation:
quant_lower=Percentile(price,5%)
quant_lower=Percentile(price,5%)
Behavior:
In a healthy uptrend, price remains well above the Lower Quantile Band. It turns red only when price touches or crosses it, serving as a warning signal. Under normal conditions it remains bright green, indicating the market is not nearing these extreme lows.
Lower Std Dev Band of the Lower Quantile:
This line is calculated by subtracting one standard deviation from quant_lowerquant_lower and typically serves as absolute support in nearly all conditions (except during gap or near-gap moves). Its consistent role as support provides traders with a robust level to monitor.
How to Use the Indicator:
Golden Channel and Trend Confirmation:
As price rides the Upper Quantile (95th percentile) perfectly in a healthy uptrend, the Upper Bollinger Band (1 stdev above SMA) and the Upper Std Dev Band of the Upper Quantile form a “golden channel” once price crosses above the Bollinger level. When this occurs, the Upper Std Dev Band remains gold until price dips back below the Bollinger Band. This visual cue reinforces trend strength.
Power‑Law Insights:
The Upper Power‑Law Band, which is based on extreme (95th percentile) returns, tends to align with the Upper Std Dev Band. This convergence reinforces that extreme, yet statistically expected, price moves are occurring—indicating that even though the price rides the 95th percentile, it can only stretch so far before a correction or consolidation.
Support Indicators:
Primary and Secondary Support in Uptrends:
The Upper Bollinger Band and the Lower Std Dev Band of the Upper Quantile act as support zones for minor retracements in the uptrend.
Absolute Support:
The Lower Std Dev Band of the Lower Quantile serves as an almost invariable support area under most market conditions.
Conclusion:
The Multi-Band Comparison indicator unifies advanced statistical techniques to offer a clear view of uptrend structure. In a healthy bull market, price action rides the 95th percentile line with precision, and when the Upper Bollinger Band is breached, the corresponding Upper Std Dev Band turns gold to form a “golden channel.” This, combined with the Power‑Law analysis that captures extreme moves, and the robust lower support levels, provides traders with powerful, multi-dimensional insights for managing entries, exits, and risk.
Disclaimer:
Trading involves risk. This indicator is for educational purposes only and does not constitute financial advice. Always perform your own analysis before making trading decisions.
Fibonacci Retracement MTF/LOGIn Pine Script, there’s always a shorter way to achieve a result. As far as I can see, there isn’t an indicator among the community scripts that can produce Fibonacci Retracement levels (linear and logarithmic) as multiple time frame results based on a reference 🍺 This script, which I developed a long time ago, might serve as a starting point to fill this gap.
OVERVIEW
This indicator is a short and simple script designed to display Fibonacci Retracement levels on the chart according to user preferences, aiming to build the structure of support and resistance.
ORIGINALITY
This script:
Can calculate 'retracement' results from higher time frames.
Can recall previous time frame results using its reference parameter.
Performs calculations based on both linear and logarithmic scales.
Offers optional multipliers and appearance settings to simplify users’ tasks
CONCEPTS
Fibonacci Retracement is a technical analysis tool used to predict potential reversal points in an asset's price after a significant movement. This indicator identifies possible support and resistance levels by measuring price movements between specific points in a trend, using certain ratios derived from the Fibonacci sequence. It is based on impulsive price actions.
MECHANICS
This indicator first identifies the highest and lowest prices in the time frame specified by the user. Next, it determines the priority order of the bars where these prices occurred. Finally, it defines the trend direction. Once the trend direction is determined, the "Retracement" levels are constructed.
FUNCTIONS
The script contains two functions:
f_ret(): Generates levels based on the multiplier parameter.
f_print(): Handles the visualization by drawing the levels on the chart and positioning the labels in alignment with the levels. It utilizes parameters such as ordinate, confirmation, multiplier, and color for customization
NOTES
The starting bar for the time frame entered by the user must exist on the chart. Otherwise, the trend direction cannot be determined correctly, and the levels may be drawn inaccurately. This is also mentioned in the tooltip of the TimeFrame parameter.
I hope it helps everyone. Do not forget to manage your risk. And trade as safely as possible. Best of luck!
Leverage Aware Trade OptimizerWelcome to the Leverage-Aware Trade Optimizer (LATO)! I’m thrilled to have you exploring this dynamic algorithm! LATO combines advanced market oscillation tracking, leverage-aware trade optimization, and real-time market analysis to help you make smarter, more informed trading decisions. Whether you're just starting or you’re an experienced trader, LATO provides powerful tools and insights to enhance your strategies. LATO is here to support you in optimizing your trades with precision, so feel free to dive in and explore all the features. Let’s make your trading experience as effective and rewarding as possible. Safe trading!
Leverage-Aware Trade Optimizer (LATO)
Short Title: LATO
Category: Trading Tools / Technical Analysis
Overview
The Leverage-Aware Trade Optimizer (LATO) is a powerful algorithm designed to track and analyze market oscillations, identify reversal zones, and provide dynamic trading levels for optimal decision-making. With built-in risk management features, LATO enhances traders’ ability to make well-informed decisions based on a comprehensive range of market indicators, including price oscillations, probabilities, and leverage-related risks.
Key Features
Comprehensive Market Oscillation Tracking: LATO utilizes advanced indicators such as the Indexed Position Oscillator (IPO), Candle Relative Percentage (CRP), and Oscillating Range Indicator (ORI) to track price fluctuations and detect key market oscillations, providing a detailed view of price movements.
Dynamic Price Levels for Trading Decisions: The script calculates critical price levels such as WAP, WBP, XAP, and XBP. These weighted and expanded prices help identify potential support and resistance zones for accurate trade entries and exits.
Reversal Detection and Trend Identification: LATO is designed to recognize top and bottom reversal zones using user-defined thresholds (e.g., upper_reversal, lower_reversal). The algorithm signals potential trend changes with event markers such as UP, DOWN, UIP, and DIP, enabling traders to anticipate market reversals.
Risk and Leverage Mapping: By estimating liquidation levels for various leverage values (5x, 10x, 20x, etc.), LATO assists in risk management, helping traders visualize leverage exposure and optimize their trades according to risk tolerance.
Integrated Visualization and Event Labels: LATO enhances visual analysis by plotting key levels, trend lines, and event markers on the chart. Custom labels summarize critical values, including SOD (Sell Odds), BOD (Buy Odds), ORI (Oscillating Range Indicator), and PVI (Price Volatility Index), offering a quick, actionable summary for traders.
User Inputs
Orders Deviation (order_deviation): Controls the deviation for calculating trade levels.
Top Reversal (upper_reversal): Sets the threshold for the upper reversal zone.
Bottom Reversal (lower_reversal): Sets the threshold for the lower reversal zone.
How It Works
LATO tracks market oscillations through the Indexed Position Oscillator (IPO) and Candle Relative Percentage (CRP), dynamically adjusting as the market fluctuates. The algorithm then identifies key levels using weighted prices (e.g., WAP, WBP) and generates reversal signals based on defined thresholds.
Once the Leverage-Aware Trade Optimizer (LATO) is applied to a chart, it automatically calculates dynamic support and resistance levels and identifies potential buying or selling opportunities. The script also plots liquidation zones based on different leverage levels and visualizes these areas through color-coded lines.
Use Case Scenarios
Trend Reversal Detection: Identify when the market is likely to reverse based on the ORI and price action.
Dynamic Price Levels: Use the weighted price levels and trend lines to pinpoint entry/exit points.
Leverage Risk Management: Monitor liquidation levels and use them for managing risk while trading with leverage.
Oscillation Tracking: Track key oscillations for detecting overbought or oversold conditions.
Alert Setup for LATO
You can set up alerts based on the key conditions like UP, DOWN, UIP, and DIP, as well as specific market movements.
Down Trend Alert (DOWN): Alerts when there’s a downtrend, triggered by a crossover of WBP and BL5, with specific conditions for ORI and SOD.
Up Trend Alert (UP): Alerts when there’s an uptrend, triggered by a crossunder of WAP and SL5, with ORI below -0.5.
Upper Reversal Alert (UIP): Alerts when ORI crosses below the lower_reversal threshold.
Downward Reversal Alert (DIP): Alerts when ORI crosses above the upper_reversal threshold.
Conclusion
The Leverage-Aware Trade Optimizer (LATO) is a comprehensive trading tool designed for traders seeking to optimize their trade entries and exits. By combining multiple indicators, dynamic price levels, and reversal zone detection, LATO offers an advanced approach to market analysis and decision-making. Whether you’re trading with leverage or simply looking for trend confirmation, LATO provides the insights you need to maximize your trading potential.
Notes
This script is designed to be used on any time frame.
Adjust the order_deviation parameter based on the asset volatility you are trading.
The reversal thresholds (upper and lower) should be fine-tuned depending on market conditions.
First 5-Minute Premarket High/Low Break RetestDay trading method that uses the 5 minute candle high and low but trade on the 1 minute chart.
This is a break and retest trading strategy based on the market open 5 minute high and low candle.
Additional levels would be the premarket high and low plotted in blue on the chart. It's not uncommon for the 5 minute to be near the premarket high and low zone.
The break and restest of the 5 minute white lines either to the downside or upside. Once a hammer or long wick candle forms near or touching the retest of the 5 minute line that indicates an entry point.
It's best to have another confirmation for entry such as the 13 and 100 ema cross to confirm good position and risk.
This is a repetable and solid trading strategy. The indicator was created to plot on the 1 and 5 minute charts.
Key Intraday Range Analysis - K.I.R.A. The KIRA Indicator is a unique tool designed to provide traders with actionable insights by identifying and analyzing key intraday price ranges. Built upon a specialized methodology, it uses Fibonacci-derived levels anchored to significant opening ranges to generate trading levels for the day. Unlike other indicators that focus on broader trend analysis, KIRA’s approach provides precision, simplicity, and adaptability for intraday traders.
How It Works
KIRA takes the first 30-second range of the European market open and calculates Fibonacci projections derived solely from the golden ratio. These projections form potential areas of interest, such as support and resistance levels, that guide traders in their decision-making process.
By visualizing these levels directly on the chart, KIRA simplifies intraday trading, helping traders identify key reaction zones with high clarity.
Key Features:
-Clean and Readable Output: Generates easily identifiable levels directly on a clear chart to reduce visual clutter.
-Dynamic and Adaptive: Works across various assets, including indices, forex, and commodities, while maintaining reliability on lower timeframes.
How to Use
1. Set Up: Ensure your chart timeframe is aligned with intraday trading, ideally 1-minute or 5-minute intervals.
2. Monitor Levels: Observe how price reacts to the projected levels generated from the opening range.
3. Strategize: Use these levels as potential entries, exits, or areas to tighten risk management, depending on price action.
Unlike conventional indicators that reuse public domain methodologies or classic technical analysis tools, KIRA is based on a nuanced approach to anchoring Fibonacci projections. Its uniqueness lies in its precise application of golden ratio derivatives, specifically tailored to intraday price movements.
The chart accompanying this script provides a clean visualization of the KIRA levels applied to a 1-minute chart of . All outputs are directly from the KIRA script to ensure clarity and ease of use.
DAILY ATR LEVELS AND EXPECTED MOVE LEVELSThis Pine Script code is designed to visualize ATR (Average True Range) levels and expected move levels on a chart. It provides useful inputs for customizing how these levels are displayed, such as line width, style, and color. The script is divided into several sections, each focused on a different feature:
1. User Inputs for Customization:
- Line Width and Style: Users can customize the line width, style (solid, dotted, or dashed), and color for various levels.
- Offset for Line Placement: The rightOffset input controls how far in the future the lines extend (measured in minutes).
- Show Labels: Labels can be toggled on/off for ATR levels and expected move lines, with customizable text colors.
2. ATR Levels and ATR Settings:
- The ATR length (atrLength) and the multiplier (atrMultiplier) control the calculation of ATR levels.
- The script plots ATR levels based on the daily open price, including key levels like ATR +25%, ATR +50%, etc., for both positive and negative movements.
- Line Drawing: The script dynamically creates lines for each ATR level, and the lines are customized according to the user's inputs. For each level, the line.new function is used to plot a line from the start of the day (daily open) to a point offset in the future.
- Labels: Labels are added near each ATR level to make them more identifiable, such as "ATR +25%" or "Daily Open."
3. Expected Move Calculation and Logic:
- The script calculates the expected move for the next trading session based on the previous close price and the volatility derived from the VIX (Volatility Index).
- The expected move is calculated as a percentage of the previous close and is added and subtracted from the previous close price to generate upper and lower levels.
- Volatility Adjustment: The VIX value is adjusted by the square root of 252 (the number of average trading days in a year) to calculate the daily volatility.
- Upper and Lower Lines: Lines are drawn for the expected move's upper and lower bounds, showing the potential price movement based on volatility.
4. Customizable Expected Move Lines:
- Line Style and Color: The upper and lower expected move lines can be customized in terms of width, style, and color, as specified by the user.
- Labels for Expected Move Levels: Labels are added for the upper and lower expected move lines, such as "Expected Move Upper" and "Expected Move Lower."
5. Logic for Drawing Lines:
- The script continuously evaluates whether the levels should be displayed based on the user's preferences.
- If showATRLevels or showLineEM is enabled, the script will draw the respective lines and labels on the chart.
- It uses line.new to draw the lines and label.new to position the labels at the correct levels on the chart.
6. Handling Time and Line Deletion:
- The script handles the dynamic nature of the chart by deleting previous lines (using line.delete) to avoid cluttering the chart with outdated lines.
- The time for the lines is set dynamically using the startTime and endTime variables, ensuring that lines are drawn within the correct timeframe.
Summary of Key Features:
- ATR Levels: Plots key levels of ATR, such as daily open, ATR +25%, ATR -25%, etc., with customizable colors and line styles.
- Expected Move Levels: Calculates and plots the upper and lower bounds of the expected move based on the VIX and previous close price.
- Customization Options: Users can control the appearance (line width, style, color) and whether to show labels for the ATR and expected move levels.
- Dynamic Updates: The lines and labels update dynamically throughout the trading day, adjusting based on market conditions.
Overall, this script is designed to help traders visualize volatility and potential price movement on a daily chart by providing ATR-based levels and expected move projections. It offers a high degree of customization to suit different charting preferences.
MONEYZEYAH | MAIN OVERLAYThis all-in-one trading tool maps out key market structures, dynamic price zones, and essential trading sessions – giving you the edge to navigate market movements with precision.
🔹 Key Features:
🗺️ Support & Resistance Zones – Automatically detects and highlights critical price areas where the market tends to react.
🎨 Chart Patterns:
Wedges and Flags – Visualize potential breakout patterns in real-time.
Market Structure Shifts:
⚡ CHoCH (Change of Character) – Identifies early signs of trend reversals.
📈 BOS (Break of Structure) – Confirms trend continuation or breakouts.
⚪ Session Overlay:
Highlights London Session First 3 hours with a clean white background, keeping you aligned with high-volatility periods.
🔺 Williams Fractals:
Marks swing highs and lows for easier trend and reversal identification.
🔴 🟢 Moving Averages – Tracks momentum with:
🟢 EMA 50 – Short-term trend direction.
🔴 EMA 200 – Long-term market bias.
🎯 Why Use This Indicator?
Comprehensive visualization of market structure and trading patterns.
Perfect for intraday and swing traders who rely on price action and session timing.
Streamlines technical analysis by integrating multiple essential tools into one powerful indicator.
Dynamic Support and Resistance Pivot Strategy The Dynamic Support and Resistance Pivot Strategy is a flexible and adaptive tool designed to identify short-term support and resistance levels using the concept of price pivots.
### Key Elements of the Strategy
1. Pivot points as support and resistance levels
Pivots are significant turning points on the price chart, often marking local highs and lows where the price has reversed direction. A pivot high occurs when the price forms a local peak, while a pivot low occurs when the price forms a local trough. When a new pivot high is formed, it creates a resistance level. Conversely, when a new pivot low is formed, it creates a support level.
The strategy continuously updates these levels as new pivots are detected, ensuring they remain relevant to the current market conditions. By identifying these price levels, the strategy dynamically adjusts to market conditions, allowing it to adapt to both trending and ranging markets, since it has a long target and can perform reversal operations.
2. Entry Criteria
- Buy (Long): A long position is triggered when the price is near the support level and then crosses it from below to above. This suggests that the price has found support and may start moving upwards.
- Sell (Short): A short position is triggered when the price is near the resistance level and then crosses it from above to below. This indicates that the price may be reversing and moving downward.
3. Support/Resistance distance (%)
- This parameter establishes a percentage range around the identified support and resistance level. For example, if the Support Resistance Distance is 0.4% (default), the closing price must be within a range of 0.4% above support or below the resistance to be considered "close" and trigger a trade.
4. Exit criteria
- Take profit = 27 %
- Stop loss = 10 %
- Reversal if a new entry point is identified in the opposite direction
5. No Repainting
- The Dynamic Support and Resistance Pivot Strategy is not subject to repainting.
6. Position Sizing by Equity and risk management
- This strategy has a default configuration to operate with 35% of the equity. The stop loss is set to 10% from the entry price. This way, the strategy is putting at risk about 10% of 35% of equity, that is, around 3.5% of equity for each trade. The percentage of equity and stop loss can be adjusted by the user according to their risk management.
7. Backtest results
- This strategy was subjected to backtest and operations in replay mode on **1000000MOGUSDT.P**, with the inclusion of transaction fees at 0.12% and slipagge of 5 ticks, and the past results have shown consistent profitability. Past results are no guarantee of future results. The strategy's backtest results may even be due to overfitting with past data.
8. Chart Visualization
- Support and resistance levels are displayed as green (support) and red (resistance) lines.
- Pivot prices are displayed as green (pivot low) and red (pivot high) labels.
In this image above, the Support/Resistance distance (%) parameter was set to 0.8.
9. Default Configuration
Chart Timeframe: 1h
Pivot Lengh: 2
Support/Resistance distance (%): 0.4*
Stop Loss: 10 %
Take Profit: 27 %
* This parameter can alternatively be set to 0.8.
10. Alternative Configuration
Chart Timeframe: 20 min
Pivot Lengh: 4
Support/Resistance distance (%): 0.1
Stop Loss: 10 %
Take Profit: 25 %
BYBIT:1000000MOGUSDT.P
DAILY ATR LEVELSThis script is a custom technical indicator for use in TradingView, designed to display daily Average True Range (ATR) levels on the chart, along with the daily opening price. It provides a customizable way to track price levels relative to the daily ATR, which can be useful for traders looking for volatility-based price targets or ranges.
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Customization Options:
- Line Width: Determines the thickness of the plotted lines for the ATR levels and daily open line, ranging from 1 to 10.
- Right Offset (minutes): A time offset (in minutes) that shifts the end of the daily opening price line to the right for visual clarity.
- Line Style: The user can choose between solid, dashed, or dotted lines for all the plotted levels.
- Display Options: Users can toggle the visibility of the daily opening price line (showDayLevel), labels (showLabels), and ATR levels (showATRLevels).
- Colors: Customizable colors for the daily opening price line (dayLevelColor), labels (labelTextColor), and the ATR levels for both positive and negative values (atrLevelPlusColor and atrLevelMinusColor).
ATR Settings:
- ATR Length: Defines the number of periods (bars) to use when calculating the ATR. The default is 180, which corresponds to the ATR calculated on the daily chart using the last 180 bars.
- ATR Multiplier: Allows the user to scale the ATR levels by a multiplier (from 0.1 to 5.0), adjusting the sensitivity of the levels.
- ATR Levels: Users can toggle visibility for several predefined ATR levels, such as +25%, +50%, +75%, +100%, -25%, -50%, -75%, and -100%. These levels represent price points above or below the daily open based on the ATR.
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ATR Levels Calculation:
- The ATR is calculated based on the daily chart using the ta.atr() function with the specified ATR length, default is set at 180.
- The script computes multiple ATR levels above and below the daily open price, adjusting each level by 25%, 50%, 75%, and 100% of the ATR value (scaled by the ATR multiplier).
ATR Level Plotting:
- For each ATR level (positive and negative), a line is drawn across the chart at the corresponding price level.
- The color, line style, and width of these lines can be customized.
- Each ATR level also has an optional label showing the percentage level (e.g., "ATR +25%") at the specified price, which is positioned at the end of the line.
- The labels are removed from the previous bars to avoid clutter.
Workflow:
- The script first calculates the daily opening price using the request.security() function to pull the open price from the daily chart.
- It then calculates the ATR based on the selected length and multiplier.
- The start time for the daily open line is determined by the bar's timestamp at the start of the day, and the end time is adjusted using the user-defined right offset.
- After determining the relevant price levels (for the opening price and ATR levels), the script plots these levels on the chart as lines. It handles the drawing and deletion of lines to ensure that the chart remains updated in real time.
- If labels are enabled, text labels are displayed next to the ATR levels and the daily open line, providing clear markers for the user.
Practical Use:
- Volatility Analysis: This indicator is useful for identifying key price levels based on daily volatility (ATR). Traders can use it to set potential targets or support/resistance levels that are adjusted for volatility.
- Day Trading or Swing Trading: The daily opening price line helps traders quickly see where the price opened for the day, and the ATR levels give a dynamic range for the day's potential price movement.
Overall, this script is designed to provide a clear, customizable view of daily price levels in relation to the ATR, helping traders make informed decisions based on volatility and price action.
