Auf geht's

TPO

Ultimate Futures Daytrade Suite v1 - The Strategy GuideHere is the complete **Strategy Guide** translated into English. --- # 📘 Ultimate Futures Daytrade Suite – The Strategy Guide ### 1. The Visual Legend (What is what?) Before you trade, you need to understand the hierarchy of your lines. Not every line has the same importance. * **🟣 Daily EMA 50 (Neon Violet):** The **"Big Boss"**. It determines the **Macro Trend**. * *Price above:* We are primarily looking for Longs. * *Price below:* We are primarily looking for Shorts. * **🟢 4h EMA 50 (Neon Green):** The **"Swing Trend"**. Your most important level for **Pullback Entries** (Re-entries). * **🟡 POC (Gold) & TPO:** The **"Magnet"**. Price often returns here. * *Rule:* Never open a trade directly *on* the POC (Risk of "Chop"). Use it as a **Target** (Take Profit). * **🟠 IB High/Low (Orange Lines):** The **"Daily Structure"**. * A breakout from the IB (Initial Balance) often indicates the trend direction for the day. * **🟥/🟩 Boxes (Supply/Demand):** Resistance and Support zones from the 1h timeframe. * **⬜ FVG Boxes:** "Gaps" in the market that are often filled. --- ### 2. The Trading Workflow (Top-Down Method) Go through this mental checklist before every trade: #### Step 1: Trend Check (The Traffic Light) Look at the **Violet Line (Daily)** and the **Green Line (4h)**. * **Bullish:** Price is above Violet AND above Green. -> *Focus: Buy dips.* * **Bearish:** Price is below Violet AND below Green. -> *Focus: Sell rallies.* * **Mixed:** Price is between Violet and Green. -> *Caution! Market is undecided (Range Trading).* #### Step 2: Location (The Context) Where is the price currently located? * Are we at a **Green Demand Zone**? * Are we testing the **4h EMA 50 (Green)** from above? * Are we at the **VWAP**? * *Never trade in "No Man's Land"!* Wait until the price touches one of your lines. #### Step 3: Trigger (The Execution) Now zoom into your lower timeframe (e.g., 5min or 15min). * Wait for a reaction at the zone. * Use the **EMA 9 (Yellow)** as a momentum trigger. If price breaks the EMA 9 and closes above/below it, that is your "Go". --- ### 3. The Setup Blueprints Here are the two most profitable scenarios you can trade with this script: #### A) The "Golden Trend" Setup (Long) * **Context:** Price > **Daily EMA (Violet)**. * **Preparation:** Price corrects (drops) back to the **4h EMA 50 (Green)** or to the **VWAP**. * **Confluence:** Ideally, there is also a **Demand Zone (Green Box)** or an **FVG** at that level. * **Entry:** As soon as a candle touches the zone and closes bullish again (or reclaims the EMA 9). * **Stop-Loss:** Below the 4h EMA 50. * **Take-Profit:** Next **Supply Zone (Red)** or the **IB High (Orange)**. #### B) The "Daytrade Breakout" (Intraday) * **Context:** Price opens inside yesterday's Value Area. * **Signal:** Price breaks through the **IB High (Orange)** with momentum. * **Filter:** Price must be above the **VWAP**. * **Entry:** On the retest of the IB High or directly on the breakout. * **Target:** Price often trends in that direction for the rest of the day. --- ### 4. Warning Signals (When NOT to trade) 1. **The "Concrete Ceiling":** If you want to go Long, but the **Violet Daily EMA 50** is running directly above you. This is massive resistance. Better wait until it is broken. 2. **The "POC Dance":** If price is dancing sideways around the **Gold Line (POC)**. This is a "No-Trade Zone". Day traders lose the most money here due to fees and whipsaws. 3. **Overextension:** If price is extremely far away from the **4h EMA 50 (Green)** (Rubber Band Effect). Do not enter in the trend direction here; wait for a pullback to the line. ### Summary Your chart is now telling you a story: * **Violet** tells you the Direction. * **Green** gives you the Entry. * **Red/Green Boxes** show you the Obstacles. * **Yellow (EMA 9)** gives you the Timing. Good luck with the Suite! This is a setup similar to what institutional traders use.
Pine Script® Indikator
von socke1986
Daytrading Suite v6.4: Neon TPO + FVG + IB Lines (Stable)Here is the complete **Trading Manual & Strategy Guide** for the **Master Daytrading Suite (Neon + IB Edition)**. This guide explains exactly **when** to trade and **how** to execute trades using the tools in the script. --- # 📘 MASTER TRADING MANUAL (Neon + IB) ### 1. THE BASICS * **Best Assets:** BTCUSDT & ETHUSDT (Futures). * **Best Timeframe:** 5 Minutes (Entry) / 15 Minutes (Trend). * **Key Session:** New York Session (High Volatility). * **Golden Rule:** Never go **LONG** inside a Red Supply Zone. Never go **SHORT** inside a Green Demand Zone. --- ### 2. THE INDICATORS (Legend) | Indicator | Color | Function | How to use | | --- | --- | --- | --- | | **Supply Zone** | 🟥 **Red Box** | Resistance | Look for Short setups here. | | **Demand Zone** | 🟩 **Green Box** | Support | Look for Long setups here. | | **Golden Pocket** | 🟧 **Orange** | Retracement | The "Sweet Spot" for trend entries (Fib 0.618). | | **VWAP** | 🔵 **Blue Line** | Trend Anchor | Price > VWAP = Bullish. Price < VWAP = Bearish. | | **Initial Balance (IB)** | 🟨 **Yellow Box** | Opening Range | Breakout above = Bullish. Breakdown below = Bearish. | | **FVG (Gap)** | 🟩/🟥 **Tiny Box** | Trigger | **Green FVG** = Entry Signal for Longs. **Red FVG** = Entry Signal for Shorts. | --- ### 3. STRATEGY A: The Trend Pullback (High Win Rate) *Use this when the market is trending smoothly.* #### ✅ HOW TO ENTER A LONG (BUY) POSITION 1. **Trend Check:** Price is trading **ABOVE** the VWAP (Blue Line) and EMA 9 (Yellow Line). 2. **The Wait:** Wait for the price to drop back down (pullback). 3. **The Zone:** Price touches the **Green Demand Zone** OR the **Orange Golden Pocket**. 4. **The Trigger:** A **Green FVG Box** appears on the 5-minute chart. 5. **Execution:** Enter Long. Stop Loss below the recent low. Take Profit at the next Red Zone. #### 🔻 HOW TO ENTER A SHORT (SELL) POSITION 1. **Trend Check:** Price is trading **BELOW** the VWAP (Blue Line) and EMA 9 (Yellow Line). 2. **The Wait:** Wait for the price to rally up (pullback). 3. **The Zone:** Price touches the **Red Supply Zone** OR the **Orange Golden Pocket**. 4. **The Trigger:** A **Red FVG Box** appears on the 5-minute chart. 5. **Execution:** Enter Short. Stop Loss above the recent high. Take Profit at the next Green Zone. --- ### 4. STRATEGY B: The IB Breakout (Volatility) *Use this specifically after the first hour of the New York Session (approx. 10:30 NY time).* * **The Setup:** Look at the **Yellow Box (Initial Balance)** which marks the high/low of the first hour. * **Bullish Breakout:** If a candle closes **above** the Yellow Box + Price is above VWAP → **Go Long**. * **Bearish Breakdown:** If a candle closes **below** the Yellow Box + Price is below VWAP → **Go Short**. * **The Trap (Fakeout):** If price breaks out but immediately falls back inside the Yellow Box, close the trade immediately. --- ### 5. DAILY ROUTINE (Checklist) 1. **Open TradingView:** Switch to the **15m Chart**. 2. **Check Context:** Where are we? Are we near a big Red Box (Supply) or Green Box (Demand)? 3. **Check Trend:** Is price above or below the Blue VWAP line? 4. **Wait for the Open:** Let the first hour of New York pass (to form the Yellow IB Box). 5. **Set Alerts:** Right-click the chart and set alerts for "IB Breakout" or "Golden Pocket". 6. **Execute:** Switch to the **5m Chart** to find your entry trigger (FVG). --- ### 6. RISK MANAGEMENT RULES * **Stop Loss:** NEVER trade without one. Place it just outside the FVG box or the Zone. * **Risk per Trade:** 1% to 2% of your account maximum. * **No Trade Zone:** If the price is "chopping" (moving sideways) inside the Yellow IB Box, **do not trade**. Wait for a breakout.
Pine Script® Indikator
von socke1986
1
Daytrading Suite: Neon TPO + FVG v6.1Here is the summary of the code and the trading guide in English. --- ### 1. Code Summary: What does the chart show? The script combines three dimensions of trading into a single chart: * **The Context (TPO / Market Profile - Yesterday):** * **Gold Zone (Center):** Yesterday's **POC (Point of Control)**. This was the "fairest price". It often acts as a magnet. * **White Dashed Lines:** The **VAH (Value Area High)** and **VAL (Value Area Low)**. Yesterday, 70% of all trading volume happened between these lines. This is the area of "Balance". * **The Structure (HTF - 1 Hour+):** * **Red/Green Boxes (Right Edge):** Automatic **Supply & Demand Zones** based on the 1-hour chart (or your setting). They indicate major resistance and support levels. * **The Timing (Entries):** * **Neon FVG Boxes (Small):** "Fair Value Gaps". These represent imbalances in price. If price revisits these, it is often your **entry signal**. * **Lines (VWAP, EMA, PDH/PDL):** Act as dynamic support and trend indicators. --- ### 2. Trading Strategy: How to use it Do not just trade every colored spot. You must combine **Location (TPO)** with **Signal (FVG)**. #### Step A: The Open (Where are we?) In the morning (or at the US Open), check where the price is relative to the **white TPO lines**. 1. **Inside the White Lines (In Balance):** * The market is undecided. Expect ranging/choppy behavior. * **Strategy:** Buy at the bottom edge (VAL), Sell at the top edge (VAH). The target is often the Gold Zone (POC) in the middle. 2. **Outside the White Lines (Imbalance):** * The market is seeking new prices. Danger of a Trend! * **Strategy:** If price breaks above VAH and tests it from above -> **Long**. If it breaks below VAL -> **Short**. #### Step B: The Setup (The High Probability Scenario) Here is the "Rejection" Setup (Long Example): 1. Price drops to the lower white line (**VAL**) or into a green **Demand Zone**. 2. It bounces (shows a wick). 3. In the process, a small **green Neon FVG** is formed. 4. **Entry:** Limit Order at the top of the Neon FVG. 5. **Target:** The Gold Zone (POC) or the upper white line (VAH). 6. **Stop Loss:** Below the recent swing low. #### Step C: Warning Signals (When NOT to trade) * **In "No Man's Land":** If the price is sitting right in the middle between Gold (POC) and White (VAH/VAL), do nothing. The risk is 50/50. Wait until price hits an edge. * **Against the Flow:** If EMA 9 and 21 are pointing steeply downwards, do not buy blindly at the VAL just because the line is there. Wait for confirmation (FVG). ### Pre-Trade Checklist: 1. **Level:** Am I at a white line (VAH/VAL) or the Gold Zone (POC)? 2. **Structure:** Do I have an HTF Demand/Supply Zone backing me up? 3. **Trigger:** Do I see a Neon FVG pointing in my direction?
Pine Script® Indikator
von socke1986
3
TPO Levels [VAH/POC/VAL] with Poor H/L, Single Prints & NPOCs### 🎯 Advanced Market Profile & Key Level Analysis This script is a unique and comprehensive technical analysis tool designed to help traders understand market structure, value, and key liquidity levels using the principles of **Auction Market Theory** and **Market Profile**. This script is unique (and shouldn't be censored) because : It allows large history of levels to be displayed Accurate as possible tick size Doesn't draw a profile but only the actual levels Supports multi-timeframe levels even on the daily mode giving macro context There is no indicator out there that does it While these concepts are universal, this indicator was built primarily for the dynamic, 24/7 nature of the **cryptocurrency market**. It helps you move beyond simple price action to understand *why* the market is moving, which is especially crucial in the volatile crypto space. ### ## 📊 The Concepts Behind the Calculations To use this script effectively, it's important to understand the core concepts it is built upon. The entire script is self-contained and does not require other indicators. * **What is Market Profile?** Market Profile is a unique charting technique that organizes price and time data to reveal market structure. It's built from **Time Price Opportunities (TPOs)**, which are 30-minute periods of market activity. By stacking these TPOs, the script builds a distribution, showing which price levels were most accepted (heavily traded) and which were rejected (lightly traded) during a session. * **What is the Value Area (VA)?** The Value Area is the heart of the profile. It represents the price range where **70%** of the session's trading volume occurred. This is considered the "fair value" zone where both buyers and sellers were in general agreement. * **Point of Control (POC):** The single price level with the most TPOs. This was the most accepted or "fairest" price of the session and acts as a gravitational line for price. * **Value Area High (VAH):** The upper boundary of the 70% value zone. * **Value Area Low (VAL):** The lower boundary of the 70% value zone. VAH and VAL are dynamic support and resistance levels. Trading outside the previous session's value area can signal the start of a new trend. *** ### ## 📈 Key Features Explained This script automatically calculates and displays the following critical market-generated information: * **Multi-Timeframe Market Profile** Automatically draws Daily, Weekly, and Monthly profiles, allowing you to analyze market structure across different time horizons. The script preserves up to 20 historical sessions to provide deep market context. * **Naked Point of Control (nPOC)** A "Naked" POC is a Point of Control from a previous session that has **not** been revisited by price. These levels often act as powerful magnets for price, representing areas of unfinished business that the market may seek to retest. The script tracks and displays Daily, Weekly, and Monthly nPOCs until they are touched. * **Single Prints (Imbalance Zones)** A Single Print is a price level where only one TPO traded during the session's development. This signifies a rapid, aggressive price move and an imbalanced market. These areas, like gaps in a traditional chart, are frequently revisited as the market seeks to "fill in" these thin parts of the profile. * **Poor Structure (Unfinished Auctions)** A **Poor High** or **Poor Low** occurs when the top or bottom of a profile is flat, with two or more TPOs at the extreme price. This suggests that the auction in that direction was weak and inconclusive. These weak structures often signal a high probability that price will eventually break that high or low. *** ### ## 💡 How to Use This Indicator This tool is not a signal generator but an analytical framework to improve your trading decisions. 1. **Determine Market Context:** Start by asking: Is the current price trading *inside* or *outside* the previous session's Value Area? * **Inside VA:** The market is in a state of balance or range-bound. Look for trades between the VAH and VAL. * **Outside VA:** The market is in a state of imbalance and may be starting a trend. Look for continuation or acceptance of prices outside the prior value. 2. **Identify Key Levels:** * Use historical **nPOCs** as potential profit targets or areas to watch for a price reaction. * Treat historical **VAH** and **VAL** levels as significant support and resistance zones. * Note where **Single Prints** are. These are often price magnets that may get "filled" in the future. 3. **Spot Weakness:** * A **Poor High** suggests weak resistance that may be easily broken. * A **Poor Low** suggests weak support, signaling a potential for a continued move lower if broken. *** ### ## ⚙️ Customization & Crypto Presets The indicator is highly customizable, allowing you to change colors, transparency, the number of historical sessions, and more. To help traders get started quickly, the indicator includes **built-in layout presets** specifically calibrated for major cryptocurrencies: ** BINANCE:BTCUSDT.P , BINANCE:ETHUSDT.P , and BINANCE:SOLUSDT.P **. These presets automatically adjust key visual parameters to better suit the unique price characteristics and volatility of each asset, providing an optimized view right out of the box. *** ### ## ⚠️ Disclaimer This indicator is a tool for market analysis and should not be interpreted as direct buy or sell signals. It provides information based on historical price action, which does not guarantee future results. Trading involves significant risk, and you should always use proper risk management. This script is designed for use on standard chart types (e.g., Candlesticks, Bar) and may produce misleading information on non-standard charts.
Pine Script® Indikator
von benb1122
8
TPO IQ [TradingIQ]Hello Traders! Introducing "TPO IQ"! TPO IQ offers a Time Price Opportunity profile with several customization options that packs several related features to help traders navigate the generated profiles! Features TPO Profiles Single Print identification Initial Balance Identification Can be anchored to timeframe change Can be anchored to fixed time interval Last profile detailed visuals Customizable value area percentage POC identification Mid-point identification TPO Profiles A TPO profile is a market profile visualization that details how much time was spent at each price level throughout the time interval. The image above further explains what a TPO Profile is! Each letter corresponds to a candlestick. With this information, traders are able to visualize how much time was spent at each price area. With customizable gradient colors, specifically in this example, blocks colored red are the earliest times in the profile, blocks colored green are in the beginning half of the time midpoint of the profile. Blue blocks represent the first half of the end of the time period, and purple blocks correspond to the end of the time period. Please note that this form of TPO profile generation will only occur when the most recent profile uses less than 500 alphabet characters! If more than 500 characters are preset, TPO IQ will revert to using labels! Initial Balance TPO IQ also identifies the initial balance range and all alphabet characters that form within it! The image above exemplifies this feature. The initial balance range is denoted by a a neon-blue line, with a blue circle showing the opening price. All characters within the initial balance range are highlighted blue, which is a feature that can be disabled with customizable colors. POC TPO IQ also identifies the point of control (POC) of the TPO Profile. The point of control for the profile is labeled yellow by default, and shows where price spent the most time throughout the time period. The image above shows the POC for the time period being identified by TPO IQ. Value Area TPO IQ also identifies the value area of the profile. A customizable percentage that is 70% by default, the value area of a TPO profile shows where price traded the majority of the time. The image above further explains this feature. For this example, with the value area percentage being set to 70%, the value area high and value area low show the price zone that prices traded at 70% of the time throughout the profile. TPO Midpoint In addition to the POC, the TPO profile midpoint is also identified by TPO IQ. The TPO midpoint simply corresponds to the middle price between the session's high and low! Fixed Interval Mode By default, TPO IQ recalculates every day, but this can also be changed to a customizable session time, such as 4 hours. If 4 hours is selected, then a new TPO profile will be generated every 4 hours. However, in Fixed Interval mode, a TPO profile will be generated through a user-defined time range, such as 1300-1700. In the image above, Fixed Interval mode is applied with a time range of 1300-1700 and, consequently, TPO IQ generates a new profile throughout every 1300-1700 time range! This feature allows traders to specify time ranges of interest to generate TPO profiles for! TPO Overview Label The TPO overview label shows key statistics for the TPO profile generated throughout the trading session! The "TPO Count" statistic shows how many alphabetical letters were generated for the profile, which is an adequate method to determine the session's volatility and price range. The "Tick Levels" statistic shows how many tick levels were used to create the profile - another method to determine the volatility and price range of the session. The "Top Letter" statistic shows which letter appears most throughout the profile. In this example, the top letter was "f", which means throughout creation of the profile, the letter "f" appeared the most! And that's all for now! If you have any feedback or new feature ideas for TPO IQ please feel free to share them with us! Thank you traders!
Pine Script® Indikator
von Trading-IQ
14
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.
Pine Script® Indikator
von VKTrading_FX
2
Volume Profile PlusThis indicator provides a high-resolution and high-precision implementation of Volume Profile with flexible range settings. Its key features include: 1. Support for a high resolution of up to 2,500 rows. 2. Capability to examine lower timeframe bars (default 5,000 intra-bars) for enhanced precision. 3. Three range modes — "Visible Range", "Anchored Range", and "All Range". 4. Highlighting of Point of Control and Value Area. 5. Extensive customization options allowing users to configure dimensions, on-chart placements, and color schemes. 🔵 Settings The settings screen, along with the explanations for each setting, is provided below: 🔵 High Resolution using Polyline Inspired by @fikira, this indicator utilizes the newly introduced `polyline` type in PineScript to plot the volume profile. It employs a single polyline instance to represent the entire histogram. With each polyline instance supporting up to 10,000 points and each histogram row requiring 4 points, this indicator can accommodate 2500 rows, resulting in a significantly higher resolution compared to conventional volume profile indicators that use `line`s or `box`es to draw the histogram. 🔵 High Precision Data-binning using Lower Timeframe Data Conventional volume profile indicators often face one or both of the following limitations: 1. They only consider volume within the chart's current timeframe. 2. They assign each bar's total volume to a single price bucket based on the bar's average price, rather than distributing volume across multiple price buckets. As a result, when the number of bars in the chart is low, those indicators may provide imprecise results, making it difficult to accurately identify significant volume nodes and the point of control. To address these limitations and enhance accuracy, this indicator examines data from lower timeframes and distributes the volume to fine-grained price buckets. It intelligently selects an appropriate lower timeframe to ensure precise output while complying with a maximum specified number of bars to maintain good performance. 🔵 Three Range Modes This indicator offers users the flexibility to choose from three range modes: 1. Visible Range (Default Mode): In this mode, the volume profile calculation begins at the time of the left-most bar displayed in the current viewport. As the user scrolls through the viewport, the volume profile updates automatically. 2. Anchored Range: This mode allows the user to set the start time either by using the datetime input boxes or by dragging the anchor line on the chart. 3. All Range: In this mode, the volume profile calculation is based on all the historical bars available in the chart.
Pine Script® Indikator
von AlphaViz
39
Market Sessions and TPO (+Forecast)This indicator "Market Sessions and TPO (+Forecast)" shows various market sessions alongside a TPO profile (presented as the traditional lettering system or as bars) and price forecast for the duration of the session. Additionally, numerous statistics for the session are shown. Features Session open and close times presented in boxes Session pre market and post market shown TPO profile generated for each session (normal market hours only) A forecast for the remained of the session is projected forward Forecast can be augmented by ATR Naked POCs remain on the chart until violated Volume delta for the session shown OI Change for the session shown (Binance sourced) Total volume for the session shown Price range for the session shown The image above shows processes of the indicator. Volume delta, OI change, total volume and session range are calculated and presented for each session. Additionally, a TPO profile for the most recent session is shown, and a forecast for the remainder of the active session is shown. The image above shows an alternative display method for the session forecast and TPO profile! Additionally, the pre-market and post-market times are denoted by dashed boxes. The image above exemplifies additional capabilities. That's all for now; further updates to come and thank you for checking this out! And a special thank you to @TradingView of course, for making all of this possible!
Pine Script® Indikator
von MXWLL-Capital-Trading
50
ADR/AWR/AMR Average Daily+Weekly+Monthly Range[Traders Reality]Advanced ADR/AWR/AMR indicator created for Traders Reality community, as well as the greater trading community. Thanks to the TR community discord guys: infernix, peshocore and xtech5192 Everything is modular and can be turned on/off, including a customisable table showing daily/weekly/monthly average pips/dollars. If you just want the average daily range lines for example, you can just disable everything else. You can choose how many days to look back; as well as for weeks or months. Check out Traders Reality on YouTube if you want to see this implemented as part of Tino's strategy that utilizes market manipulation, imbalances, times of day etc. Price regularly reverses from ADR, making it one of the few highly valuable indicators in price action/smart money trading.
Pine Script® Indikator
von SmartMoneyConceptsOnYouTube
12
RS: Market ProfileA Market Profile (time price opportunity) implementation with an option to mark a point of control (POC) based on volume. Config: Hide default candles. Select a session time using exchange timezone. Experiment with tick multiplier value to achieve desired level of detail. Choose the symbols of your choice, e.g. squares or A-Z chars. For multiple sessions you will have to add additional instances of this script with a different time configuration. Limitations: TradingView has a hard limit for the number of characters (500), if it's reached, label rendering stops. Try increasing tick multiplier value to reduce the number of labels rendered or reduce the window size. Features: Use symbols or A-Z chars for TPOs Mark POC Calculate Value Area (volume or time based) Highlight single prints (SP) Highlight VWAP Show daily bar Highlight Open and Close Highlight current price row (during live market) Highlight initial balance (IB)
Pine Script® Indikator
von inversionflow
94
TPO Market Profile [Kioseff Trading]REPOST; SCRIPT WORKS!! Due to technical error, this script was republished! Thank you for your support (: Hello! This indicator comprises a real time TPO Market Profile! The script works on any timeframe 1 second or greater - the script calculates relative to the timeframe selected for your chart. The image above shows the 1-minute BTCUSD chart; 650 +/- tick levels are set. To see the script in full functionality - try using bar replay on a cryptocurrency 1-minute chart (start at the beginning of a regular hours session). Be sure to adjust the tick spread if necessary (: So far, the script's held up in real time - I've not had any array loop errors or timeouts. The TPO profile updates accordingly with changes in time / high and low prices. Letters are appended to the profile in real time. The image above shows configurations for the indicator. I plan to update the indicator quite a bit over the coming days - more to come. You can select the timeframe change the indicator accounts for. For instance, you can have set the indicator to reset every day, every 30 minutes, every 5 minutes, every week, month, etc. In the image above, I configured the indicator to recalculate every 3 months. Consequently, the indicator will record a TPO profile for three consecutive, reset, then record a TPO profile for the next 3 months. This setting makes the indicator compatible with any timeframe greater than 1 minute. You can also use a drag & drop time-start bar to modify the starting point for the market profile TPO calculation. The indicator hosts an option to auto calculate the tick spread between levels. However, as you switch timeframes and assets, sometimes, you'll have to manually set the tick range (: Thanks for checking it out; more to come! Sep 4 Release Notes: UPDATE: The indicator can work on seconds-based charts. The image above shows the indicator working on the 1-second chart. (Screenshot is old; characters are now numbered instead of strange unicode) Release Notes: Added value area + vah + val. Font update. Changed characters to numbered once the alphabet is exhausted. POC, VAH, and VAL label located left of the first bar of the interval. Initial balance range can be toggled. Spaced the characters (more legible). Quite a bit of aesthetic changes so check it out! Soon, I'll release a version of the script that shows VAH, POC, VAL, and TPO letters from previous sessions. I coded this feature into this indicator; however, it was removed due to load time complications. This feature will be its own script (: If the script has trouble loading please let me know (:
Pine Script® Indikator
von KioseffTrading
93
TPO Letters [Kioseff Trading]Hello! "TPO Letters" functions similarly to the script "Realtime TPO Profile"; however, TPO characters are appended to a developing bar. Simply, TPO characters display on the bar that formed them. All colors are configurable. The image above emphasizes functionality; TPO letters are colored on a gradient . Additionally, the value area range is shaded; characters that form within the range are gradient colored. Gray-colored characters extend beyond the value area. The columned data displayed right of the TPO letters shows tick levels. Tick levels are shaded various colors, each color indicative of some occurrence. Tick Levels Red: Single Print Yellow: POC Lime Green: VAH or VAL Lighter Green: Value Area Inclusive Level Left of the TPO horizontal-axis, the aqua-colored line (blue-line inclusive) reflects the high-low range of the session; the blue-colored line reflects the initial-balance range (IBR). You can select to color TPO letters within the IBR blue (any color). Additionally, you can select to shade the IBR. The image above shows auxiliary features. Unfortunately, I'm unable to orient TPO letters at their intended tick levels using one label per bar, a contrasting feature of the "Realtime TPO Profile" script. This means only 1000 TPO letters can be displayed simultaneously. If the number of TPO letters exceeds 1000, early-session and middle-session characters will begin to disappear. This isn't an issue for the "Realtime TPO Profile" script, as each tick level comprised one label, to which additional TPO characters were appended to the label as necessary and extended horizontally. Using this same method proved fallible for this indicator - vertical scaling is an issue. While I could append all letters formed for a bar to one label, the letters wouldn't superimpose atop their corresponding tick level (using " " didn't suffice). Consequently, you'll have to, at times, rely on the label & box count oriented in the bottom-right table to see whether the number of labels & boxes transcends the upper threshold. You can hide this table at anytime (: The image above exemplifies the "Fixed Range" portion of the indicator. A useful inclusion for the "Realtime TPO Profile" script however, while still useful for "TPO Letters", can only display 1000 TPO letters concurrently. You can also reset the TPO profile at user-defined time intervals. The indicator hosts an auto-calculate tick levels option; however, there will be times you'll need to manually adjust the tick levels to achieve digestible results (: That's all! If the script would benefit from an excluded feature, or you notice an error, please let me know! Thank you (: Shoutout to @kaigouthro for creating an exceptional library for gradient colors!! It was used in this script (:
Pine Script® Indikator
von KioseffTrading
17
Naked Intrabar POCThis indicator with an unfortunate and very non PC sounding name approximates (!) the intrabar point of control (POC) either from time or volume at price. Due to pine limitations, bin size and the sample lower time frame selection will have at least some effect on the accuracy of the approximation. The trade off is between accuracy and historical availability, however bar replay can be used to view prior historical states beyond what is visible from the current real time bar. In order for all intrabar POC circles to be visible, you will need to manually set the visual order of the indicator by bringing it to the front. Since the POC represents a price point around which the highest market participation occurred, the exposed global variable intrabar_poc may (or may not) be interesting as an alternative to ohlc based source input.
Pine Script® Indikator
von rumpypumpydumpy
31
Session TPO Market ProfileIntroduction Wikipedia: A Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), ca 1959-1985. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices. In this structure he recognized the 'normal', Gaussian distribution he had been introduced to in college statistics. Important : The market profile tool is designed to be used on the 30min timeframe, however, you can modify its parameters and use it on lower timeframes (15/10/5min) This indicators displays the following information Session open TPO Value area calculation zone POC Highlight of Single prints Session High/Low The current price (TPO Profile is often used isolated without any candlesticks on it) Parameters Session beginning configuration (not coded with a session input yet) Number of candles to use for calculation (default 13 for a single session) Extend yesterday's levels (VAH/VAL/POC) Show/Hide Market profile calculation area (background color) Bars number (number of rows that will be used to draw the profile) Show/Hide TPO's TPO Colors customization (For in/out of VA, VAL/VAH/POC/High/Low levels and single prints) Show/Hide High/Low levels Show/Hide VAL/VAH/POC Levels as lines Enable/Disable Single prints highlighting Value area size (as percent) Show/Hide current price (corresponding to a line scaled on the "close" price) Additional Notes Each session is drawn when the day is over To use as much space as possible, TPO's are not directly drawn on the area of their calculation (which can be confusing if you use candlesticks directly over it) This script will probably be updated in the future (especially concerning its implementation which is a bit spaghetti coded for now) . If you have interesting suggestions about new features that are usual within market profile tools and missing from this script , don't hesitate to suggest it.
Pine Script® Indikator
von noop-noop
145
Market Profile Visible RangeSup TV, 2 important points . 1) surprisingly, it's the first MP Visible Range script on TV; 2) This one doesn't use any bagging/binning*, instead each row represents the time spent on the actual minimal price steps (aka ticks). The script will be further extended with usual market profile related functionally in future updates. At this point we have: - Profile itself (each row represents how many bars touch the given price); - Mode of the profile (called POC)**; * Still it will be introduced in future when I will find / design the proper aggregating technique. It is vital for processing very wide price ranges (for example, 500 days on ES futures). ** The script correctly calculates POC by finding all the modes in the data & choosing the closest one to data's midrange. For this kind of technical instrument finally it was more convenient to use Pine Script 5 (btw it's my first Pine 5). Basically this script is a side-effect of another R&D I'm doing, the stuff is useful tho so let's go. By choosing length we both specify the amount of data to be processed & the profile's location screen-wise. It's pretty cool and & useful, on my screen it's always almost touching the left side and still always visible. The code is heavily commented in order to be understood fast, nothing fantastic, just a lil patience required this time. Rationale Market & volume profiles are well known concepts, lotta info available, the most important point of all that is that MP is just another way of visualizing data that lets you notice things you don't usually notice on sequential charts. From my side I can only add that it's better to use your own brain for thinking and reconsidering using volume profile in all the cases, especially on decentralized markets (unless you're aggregating ALL the volume data from everywhere, including options, OTC etc). Here is it, for you
Pine Script® Indikator
von gorx1
11
[R&D] Moving CentroidThis script utilizes this concept. Instead of weighting by volume, it weights by amount of price action on every close price of the rolling window. I assume it can be used as an additional reference point for price mode and price antimode. it is directly connected with Market (not volume) profile, or TPO charts. The algorithm: 1) takes a rolling window of, for example, 50 data points of close prices: 2) for each of this closing prices, the algorithm will check how many bars touched this close price. 3) then: sum of datapoints * weights/sum of weights Since the logic is implemented in pretty non-efficient way, the script sometimes can take time to make calculations. Moreover, it calculates the centroid taking into account only close prices, not every tick. of a given rolling window That's why it's still experimental.
Pine Script® Indikator
von gorx1
13