Vwap Vision #WhiteRabbitVWAP Vision #WhiteRabbit
This Pine Script (version 5) script implements a comprehensive trading indicator called "VWAP Vision #WhiteRabbit," designed for analyzing price movements using the Volume-Weighted Average Price (VWAP) along with multiple customizable features, including adjustable color themes for better visual appeal.
Features:
Customizable Color Themes:
Choose from four distinct themes: Classic, Dark Mode, Fluo, and Phil, enhancing the visual layout to match user preferences.
VWAP Calculation:
Uses standard VWAP calculations based on selected anchor periods (Session, Week, Month, etc.) to help identify price trends.
Band Settings:
Multiple bands are calculated based on standard deviations or percentages, with customization options to configure buy/sell zones and liquidity levels.
Buy/Sell Signals:
Generates clear buy and sell signals based on price interactions with the calculated bands and the exponential moving average (EMA).
Real-time Data Display:
Displays real-time signals and VWAP values for selected trading instruments, including XAUUSD, NAS100, and BTCUSDT, along with related alerts for trading opportunities.
Volatility Analysis:
Incorporates volatility metrics using the Average True Range (ATR) to assess market conditions and inform trading decisions.
Enhanced Table Displays:
Provides tables for clear visualization of trading signals, real-time data, and performance metrics.
This script is perfect for traders looking to enhance their analysis and gain insights for making informed trading decisions across various market conditions.
Trendanalyse
Leavitt Convolution ProbabilityTechnical Analysis of Markets with Leavitt Market Projections and Associated Convolution Probability
The aim of this study is to present an innovative approach to market analysis based on the research "Leavitt Market Projections." This technical tool combines one indicator and a probability function to enhance the accuracy and speed of market forecasts.
Key Features
Advanced Indicators : the script includes the Convolution line and a probability oscillator, designed to anticipate market changes. These indicators provide timely signals and offer a clear view of price dynamics.
Convolution Probability Function : The Convolution Probability (CP) is a key element of the script. A significant increase in this probability often precedes a market decline, while a decrease in probability can signal a bullish move. The Convolution Probability Function:
At each bar, i, the linear regression routine finds the two parameters for the straight line: y=mix+bi.
Standard deviations can be calculated from the sequence of slopes, {mi}, and intercepts, {bi}.
Each standard deviation has a corresponding probability.
Their adjusted product is the Convolution Probability, CP. The construction of the Convolution Probability is straightforward. The adjusted product is the probability of one times 1− the probability of the other.
Customizable Settings : Users can define oversold and overbought levels, as well as set an offset for the linear regression calculation. These options allow for tailoring the script to individual trading strategies and market conditions.
Statistical Analysis : Each analyzed bar generates regression parameters that allow for the calculation of standard deviations and associated probabilities, providing an in-depth view of market dynamics.
The results from applying this technical tool show increased accuracy and speed in market forecasts. The combination of Convolution indicator and the probability function enables the identification of turning points and the anticipation of market changes.
Additional information:
Leavitt, in his study, considers the SPY chart.
When the Convolution Probability (CP) is high, it indicates that the probability P1 (related to the slope) is high, and conversely, when CP is low, P1 is low and P2 is high.
For the calculation of probability, an approximate formula of the Cumulative Distribution Function (CDF) has been used, which is given by: CDF(x)=21(1+erf(σ2x−μ)) where μ is the mean and σ is the standard deviation.
For the calculation of probability, the formula used in this script is: 0.5 * (1 + (math.sign(zSlope) * math.sqrt(1 - math.exp(-0.5 * zSlope * zSlope))))
Conclusions
This study presents the approach to market analysis based on the research "Leavitt Market Projections." The script combines Convolution indicator and a Probability function to provide more precise trading signals. The results demonstrate greater accuracy and speed in market forecasts, making this technical tool a valuable asset for market participants.
Delta Zones🔶 Delta Zones — A Precision Tool for Time-Price Mapping 🔶
The Delta Zones indicator is a refined structure-mapping tool that dynamically tracks zones of dominant trading activity across recent sessions.
These zones are projected forward in time, offering traders a reliable visual guide to where significant interactions between buyers and sellers are likely to take place.
This tool was designed for intraday use, but its adaptability makes it powerful even on higher timeframes, giving traders insights into market behavior without the noise. You need to change session setting from indicator to higher TF that the chart. For intra, its by default on daily.
🔧 What This Indicator Does
Detects and displays the key activity zone for the current session (today).
Recalls the most active zone from the previous session, allowing you to track momentum or reversal bias.
Color codes each zone based on where price currently trades relative to it:
Neutral gradient (orange/white) for today’s zone, showing where price is consolidating or reacting.
Bullish green fade if price is trading above yesterday’s zone.
Bearish red fade if price is trading below yesterday’s zone.
Extends each zone forward (default 200 bars) so you can observe price behavior as it revisits these areas over time.
📈 How to Use Delta Zones
Trend Continuation:
If price pushes beyond today's zone and maintains momentum, it may suggest strength in that direction. Watch how price reacts on retests of this zone.
Fade or Mean Reversion:
When price strays far from a Delta Zone and struggles to gain ground, it often rotates back into that region. These situations can offer attractive risk-reward setups.
Zone Polarity from Prior Sessions:
Yesterday’s zone serves as a directional cue — if price opens and stays above it (green-filled), sentiment favors strength. If it stays below (red-filled), weakness may persist.
Support/Resistance Anchors:
Use zones as dynamic S/R levels — watch for wick tests, engulfing candles, or volume surges at zone edges for potential trade entries or exits.
🎛️ Inputs You Can Control
Session Length (Default: Daily): Defines how often a new zone is calculated.
💡 Pro Tip
These zones act like magnetic fields around price — not only can they contain price, but they also attract it. The key is to recognize when price is respecting, rejecting, or absorbing at the edges of the zone.
Pair Delta Zones with your favorite price action, momentum, or volume tools for sharper decision-making. For example, "Accumulation/Distribution Money Flow" script which I published few days ago.
⚠️ Note
This is a conceptually adaptive framework designed to simplify the visual structure of the market. While no model guarantees predictive accuracy, Delta Zones are especially useful for contextualizing price behavior and anticipating where meaningful reactions may occur.
This is an educational idea, use it at your own risk.
Past performance does not guarantee future success.
Live Risk On/Off Sentiment Big Basket🔥 Live Risk On/Off Sentiment Indicator 🔥
This indicator provides a clear and immediate assessment of global market risk sentiment by combining multiple key financial instruments across various asset classes. It helps traders quickly gauge whether the market is currently in a risk-on or risk-off environment.
📈 Included Assets:
- Risk-off indicators:** VIX, Gold, US Dollar Index (DXY), US10Y Treasury Yields, TLT (Treasury Bonds)
- Risk-on indicators:** S&P 500 (SPY), Bitcoin (BTC), High Yield Bonds (HYG), AUD/JPY (Forex), Copper/Gold ratio, and Oil (WTI)
🛠️ How it Works:
The indicator calculates a weighted Z-score for each asset, dynamically capturing its performance relative to recent history. Positive values (green) indicate a risk-on sentiment, while negative values (red) suggest a risk-off sentiment.
🚨 Features:
- Fully customizable asset selection and weighting
- Easy-to-understand visual signals
- Adaptable lookback period for short-term and long-term market analysis
💡 How to Use:
- Identify market phases quickly (bullish or bearish sentiment).
- Enhance your decision-making for entries and exits based on broader market conditions.
- Incorporate into any trading strategy to improve alignment with global risk sentiment.
Harness the power of macro analysis and elevate your trading performance!
Enjoy and trade smart! 📊📈
Riseofatrader
Wave Analyzer - Bobal [hamgkia]The Bobal tool is a volume-based wave analyzer designed to highlight the effort behind price movement within trend waves. It is built with a focus on clarity, speed of response, and a Wyckoff-inspired philosophy, where volume and trend direction are deeply intertwined.
This script offers a unique visualization of directional volume flow — up or down — in clearly segmented waves, allowing traders to assess who is in control and how strong their effort is. It does this by calculating dynamic trend waves, accumulating volume within those waves, and comparing volume to volatility for normalization.
🔶 WHAT'S INCLUDED
Detects directional waves based on your selected moving average (SMA, EMA, WMA, or HMA).
Accumulates volume within each wave, creating a distinct "volume block" per wave.
Normalizes volume by ATR (optional) to adjust for current market volatility.
Applies a power function to volume strength for dynamic contrast (stronger waves stand out visually).
Plots volume histograms in real-time: green/orange for up waves, red/fuchsia for down waves.
Optional - displays trend strength background based on recent price expansion vs ATR.
🔷 HOW IT WORKS
Wave Definition
A wave is defined as a sequence of bars moving in the same direction based on a selected moving average:
If the MA rises → uptrend wave
If the MA falls → downtrend wave
Wave resets on direction change.
Volume Accumulation
Volume is accumulated within each wave, starting fresh at the beginning of each new wave. This clean segmentation reveals whether the current wave is attracting participation (volume).
Normalization (Optional)
Volume can be normalized by the ATR (Average True Range) to account for volatility differences across symbols and timeframes. This makes comparisons more meaningful.
Strength Calculation
Volume strength is calculated by comparing current wave volume to the maximum over a recent period (default: 50 bars), and applying a pow() function for expressive scaling. This emphasizes high-effort waves while de-emphasizing noise.
🔶 USAGE
A new wave starts when the selected MA (SMA, EMA, WMA, HMA) changes direction.
Read the Strength of the Current Wave
🟩 — strong up
🟧 — weak up
🟪 — weak down
🟥 — strong down
Look for these setups
📉 Strong down wave 🟥 followed by weak up wave 🟧 — possible lower high, selling may resume.
📈 Strong up wave 🟩 followed by weak down wave 🟪 — possible bullish absorption, look for long setups.
Wave is long, but volume fades (bars shrink) — trend may be slowing, consider tightening stops or avoiding late entries.
Trend is increasing, volumes are growing — potential entry points.
Use Background Strength for Context
🟩 — bright green — strong bullish
🟥 — bright red — strong bearish
Any dim or translucent color — no clear trend
What NOT to do
Don’t enter blindly on volume spikes — check direction and trend background first.
Don’t treat every strong bar as a signal — look for sequences and transitions, not isolated bars.
Ideal Use Cases
Confirming trend strength before entry.
Avoiding fakeouts in low-volume waves.
Spotting transitions in buyer/seller dominance.
Reading market participation in real time.
Daily LevelsOverview:
The Daily Levels indicator plots key price levels from the previous trading day, including the high, low, median (pivot), and projected extensions. These levels help traders identify potential support/resistance zones and anticipate breakout or reversal opportunities.
Key Features:
✅ Previous Day High & Low – Visualizes the prior day’s high and low as dynamic support/resistance levels.
✅ Median (Pivot) Line – Calculates the midpoint between the previous day’s high and low, acting as a key intraday reference.
✅ Projected Levels – Extends the high/low range symmetrically above and below the median, highlighting potential breakout zones.
✅ Customizable Display – Toggle visibility, adjust colors, and modify line styles (solid, dotted, dashed).
✅ Price Labels – Clear on-chart labels showing exact price values for quick reference.
✅ Built-in Alerts – Get notified when price crosses any of the key levels.
How to Use:
Trend Identification: If price holds above the median, the bias is bullish; below suggests bearish momentum.
Breakout Trading: Watch for moves beyond the projected levels for potential continuation.
Mean Reversion: Fade moves toward the previous day’s high/low if the median holds as support/resistance.
Ideal For:
Day Traders – Intraday support/resistance levels.
Swing Traders – Context for multi-day trends.
Breakout/Reversal Strategies – Clear levels for trade triggers.
Settings Recommendations:
High/Low Lines: Use semi-transparent colors (e.g., green/red) for clarity.
Projections: Helpful for anticipating extended moves (e.g., teal for upper, orange for lower).
Alerts: Enable notifications for key crosses (e.g., median or high/low breaks).
Tactical FlowTactical Flow – Altcoin Swing Strategy with Trend Logic & Dynamic TP System
(Built for 1H timeframe altcoin trading)
🎯 Purpose
Tactical Flow is a swing trading strategy purpose-built for altcoins on the 1-hour timeframe. It targets clean trend continuation setups by combining non-repainting filters for direction, momentum, and volume with a real-time execution engine that strictly avoids same-bar reversals. It includes a dynamic take-profit system with real-time trade tracking and an integrated visual dashboard.
⚙️ Strategy Core Components
Each module was chosen for precision, trend clarity, and altcoin-specific price behavior.
🔹 1. White Line Bias
Defines market structure using the midpoint of recent high/low range.
→ Keeps you trading with the dominant structure.
🔹 2. Tether Trend Engine
Two mid-range bands (Fast & Slow Tether) act like a dynamic trend cloud.
→ Ensures trend direction is confirmed with structural layering.
🔹 3. ZLEMA Gradient Filter
A Zero Lag EMA of price that’s compared to its previous value for momentum slope.
→ Confirms the trend has actual energy behind it.
🔹 4. TEMA Micro-Flow
A smoothed directional signal to confirm price is accelerating, not just trending.
→ Filters out late or fading entries.
🔹 5. Volume Spike Filter
Confirms that breakouts are real by requiring volume > 1.5× median of previous candles.
→ Designed for altcoins to avoid fakeouts during random volatility.
🔹 6. RMI Trend Memory
Keeps track of the trend state over time, allowing for smoother transitions and fewer whipsaws.
→ Helps the strategy stay in trend longer and only reverse when confirmation is strong.
🔹 7. Reversal Cooldown Logic
Exits a trade, then waits 1 full bar before taking a reversal entry.
→ Avoids common backtest false positives where entries and exits occur on the same candle.
💸 Trade Management – TP1/TP2 Logic
TP1 = 50% closed when price hits target 1
TP2 = full exit
Exits early if trend weakens
Supports dynamic reentry after TP2 if trend resumes
→ Keeps risk controlled while allowing position scaling in volatile altcoin swings.
📊 Strategy Dashboard
Visual interface shows:
Current Position (Long / Short / Flat)
Entry Price
TP1 and TP2 hit status
Bars since entry
Real-time Win Rate
Profit Factor
🧪 Backtesting & Execution Compliance
✅ Fully non-repainting
✅ Compatible with TradingView's deep backtesting
✅ Uses strategy.exit with limit logic for accurate TP tracking
✅ No stop-loss — closes trades on trend weakening only
🔥 Best Use Case
Altcoin swing trades on 1H chart
Works well during trending periods with volume
Not designed for choppy or sideways conditions
Pairs well with watchlist scanners and heatmaps
Forever Model [Pro+] (Sniper)Introduction
Forever Model (Sniper) is a clean, structured framework for visualizing internal liquidity to external liquidity rotations. It identifies shifts in market delivery by combining internal liquidity zones (Fair Value Gaps), divergence between correlated markets (Smart Money Technique), and lower timeframe orderflow changes (Orderblocks).
Designed for repeatability, the model helps analysts build confidence through familiarity, not complexity.
Rather than attempting to forecast direction, this model focuses on recognizing recurring patterns in delivery behavior across Timeframes. It presents a structured visual logic that can support manual analysis, with the aid of alerts that prompt analysts to investigate and validate potential price rotations.
The model is non-repainting, thoughtfully built to highlight past rotations once formed. It offers flexibility across assets and Timeframes, adapting to analysts' preferences while remaining consistent in its components.
Description
The model is organized into a three-part sequence. These three conditions form the visual foundation of the model. All parameters can be customized to match your preferred timeframe, session, and market:
Internal Range Liquidity Tag (IRL)
Price must interact with a defined internal inefficiency—typically a Fair Value Gap (FVG), which is an area between a three candle structure where price moves rapidly, leaving an imbalance that may later be revisited to be filled for efficiency.
Smart Money Technique Divergence Detected (SMT)
SMT transpires as a crack in correlation between two assets – this divergence is used to indicate potential shifts in price delivery.
SMT can be observed between two correlated assets, where one makes a lower low while the other holds a higher low (or conversely, one makes a higher high while the other forms a lower high).
Similarly, SMT can also occur between inverse correlated assets, where one makes a lower low while the other holds a lower high (or conversely, one makes a higher high while the other forms a higher low).
Change in State of Delivery (CISD)
After SMT occurs, the model identifies a CISD—a strong close engulfing the body of a previous directional candle that sweeps a short-term high or low. This suggests that price may be shifting from one delivery regime to another. The candle is labelled as an Orderblock (OB) candidate, with optional projected measures for better range of opportunity estimation.
Key Features
Model History Control
Controls how many past model formations appear on the chart, with a maximum of 40. Analysts may use shorter history for live charting or increase the count when studying past performance or recurring conditions.
When History is equal to 0, it will only show only live models in development, or nothing if no models are currently active.
Note: historical invalidated rotations are visualized through small markers, and may not display the model's components unless reviewed in Replay Mode. This mechanism keeps the chart clean, and allows the analyst to focus on the confirmed rotations.
Directional Bias Filter
Filters whether the model shows formations in only one direction or both. For example, selecting “Bullish” displays only internal range zones and divergence setups that meet criteria for upside movement. This feature is crucial for allowing analysts to align with higher Timeframe bias or studying unidirectional structures.
SMT Pair Input
The model compares your active chart with a second asset to detect SMT Divergence. You may manually enter a symbol (e.g., ES1!, BTCUSD, NZDUSD) or use Automatic SMT Pair Detection , which selects the most relevant correlated market. Inverse SMT inverts the logic, useful for negatively correlated pairs (e.g., gold vs dollar).
For example, although the Automatic SMT Pair Detection for CME_MINI:NQ1! is CME_MINI:ES1! , one may decide to use a leading stock in the NASDAQ such as NASDAQ:NVDA :
Timeframe Alignment
Defines which higher Timeframe the IRL is drawn from, and which lower Timeframe is used to evaluate the Model's conditions. These Timeframe Alignments can be selected individually to only showcase a specific combination of IRL and LTF Conditions; for a more dynamic approach, the "Automatic" option adjusts these pairings based on the current chart Timeframe. By selecting the "Custom" option, analysts can define and monitor their own preferred Timeframe Alignment.
Example: 5m Conditions ➞ 1H IRL vs. 4H Conditions ➞ Weekly IRL
Fair Value Gap (FVG) Visualization
Fair Value Gaps are areas where price moved quickly between two candles without overlap—these areas represent the IRL of the model, and are often revisited before continuing. Optionally, the analyst can decide to showcase the Consequent Encroachment (CE), the midpoint where price begins to fill the imbalance. Further, the analyst can maintain a cleaner chart by only showing FVG where SMT occurs, substantially limiting the number of drawings on the chart.
SMT Visualization
Draws visual lines connecting SMT points between the HTF reference points of the current chart's asset, and the SMT Pair asset. Helps analysts confirm divergence location and relationship at a glance, especially when reviewing multiple correlated pairs.
Liquidity Sweep Visualization
Most recent short-term liquidity swept, which resulted in a CISD. Marking this liquidity pool—a high or low that has been taken out—provides context and can give additional insight to evaluate the current market rotation.
Orderblock + Projections (OB)
When a CISD is recognized, an OB candidate is plotted. Projections from the OB can be displayed at customizable distances, serving as measurements for better range of opportunity estimation.
External Range Liquidity (ERL)
External Range Liquidity refers to price levels that sit beyond internal structures—typically local highs or lows that may be revisited after a retracement, for continuation.
Session Filters + Timezone Control
Define up to four time blocks (e.g., London Open, NY AM, PM session, Asia) for when the model is active. Timezones are fully customizable, supporting global use cases and precise filtering of formations to sessions with expected volume or cleaner structure.
Information Table
A compact, floating panel is available to display key model parameters in real time: Timeframe Alignment, Bias Direction, Active SMT Pair, Time Filter Conditions, Date.
This feature provides immediate context under which the model is operating — especially useful during active chart review or multi-pair monitoring. The table can be repositioned, resized, or disabled entirely depending on visual preference.
Model Markers & Backtest Support
The model includes a visual marker system to support chart review and backtesting. These overlays provide reference points for past structure, showcasing the following:
Reaching an OB Projection after revisiting the OB
Reaching the External Range Liquidity after revisiting the OB
Reaching an OB Projection without revisiting the OB
Reaching the External Range Liquidity without revisiting the OB
Invalidating the detected OB
Fully Automated Framework: all these components, when put together in the Forever Model ($niper), yield a clean and simple approach to studying and observing market rotations, empowering analysts in seeing the market through $niper's point of view. Each component is customizable to the analyst's liking to match their unique visual and technical preferences.
Usage Guidance:
Add Forever Model ($niper) to your TradingView chart.
Select your preferred SMT Pair, Timeframe Alignments, Model Style, and Time Filters.
Automate your analysis process with Forever Model (Sniper) and leverage it into your existing strategies to fine-tune your view through Sniper's point of view.
Terms and Conditions
Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
Filtered Swing Pivot S&R )Pivot support and resis🔍 Filtered Swing Pivot S&R - Overview
This indicator identifies and plots tested support and resistance levels using a filtered swing pivot strategy. It focuses on high-probability zones where price has reacted before, helping traders better anticipate future price behavior.
It filters out noise using:
Customizable pivot detection logic
Minimum price level difference
ATR (Average True Range) volatility filter
Confirmation by price retesting the level before plotting
⚙️ Core Logic Explained
✅ 1. Pivot Detection
The script uses Pine Script's built-in ta.pivothigh() and ta.pivotlow() functions to find local highs (potential resistance) and lows (potential support).
Pivot Lookback/Lookahead (pivotLen):
A pivot is confirmed if it's the highest (or lowest) point within a lookback and lookahead range of pivotLen bars.
Higher values = fewer, stronger pivots.
Lower values = more, but potentially noisier levels.
✅ 2. Pending Pivot Confirmation
Once a pivot is detected:
It is not drawn immediately.
The script waits until price re-tests that pivot level. This retest confirms the market "respects" the level.
For example: if price hits a previous high again, it's treated as a valid resistance.
✅ 3. Dual-Level Filtering System
To reduce chart clutter and ignore insignificant levels, two filters are applied:
Fixed Threshold (Minimum Level Difference):
Ensures a new pivot level is not too close to the last one.
ATR-Based Filter:
Dynamically adjusts sensitivity based on current volatility using the formula:
java
Copy
Edit
Minimum distance = ATR × ATR Multiplier
Only pivots that pass both filters are plotted.
✅ 4. Line Drawing
Once a pivot is:
Detected
Retested
Filtered
…a horizontal dashed line is drawn at that level to highlight support or resistance.
Resistance: Red (default)
Support: Green (default)
These lines are:
Dashed for clarity
Extended for X bars into the future (user-defined) for forward visibility
🎛️ Customizable Inputs
Parameter Description
Pivot Lookback/Lookahead Bars to the left and right of a pivot to confirm it
Minimum Level Difference Minimum price difference required between plotted levels
ATR Length Number of bars used in ATR volatility calculation
ATR Multiplier for Pivot Multiplies ATR to determine volatility-based pivot separation
Line Extension (bars) How many future bars the level line will extend for better visibility
Resistance Line Color Color for resistance lines (default: red)
Support Line Color Color for support lines (default: green)
📈 How to Use It
This indicator is ideal for:
Identifying dynamic support & resistance zones that adapt to volatility.
Avoiding false levels by waiting for pivot confirmation.
Visual guidance for entries, exits, stop placements, or take-profits.
🔑 Trade Ideas:
Use support/resistance retests for entry confirmations.
Combine with candlestick patterns or volume spikes near drawn levels.
Use in confluence with trendlines or moving averages.
🚫 What It Does Not Do (By Design)
Does not repaint or remove past levels once confirmed.
Does not include labels or alerts (but can be added).
Does not auto-scale based on timeframes (manual tuning recommended).
🛠️ Possible Enhancements (Optional)
If desired, you could extend the functionality to include:
Labels with “S” / “R”
Alert when a new level is tested or broken
Toggle for support/resistance visibility
Adjustable line width or style
tance indicator
Stoch_RSIStochastic RSI – Advanced Divergence Indicator
This custom indicator is an advanced version of the Stochastic RSI that not only smooths and refines the classic RSI input but also automatically detects both regular and hidden divergences using two powerful methods: fractal-based and pivot-based detection. Originally inspired by contributions from @fskrypt, @RicardoSantos, and later improved by developers like @NeoButane and @FYMD, this script has been fully refined for clarity and ease-of-use.
Key Features:
Dual Divergence Detection:
Fractal-Based Divergence: Uses a four-candle pattern to confirm top and bottom fractals for bullish and bearish divergences.
Pivot-Based Divergence: Employs TradingView’s built-in pivot functions for an alternate view of divergence conditions.
Customizable Settings:
The inputs are organized into logical groups (Stoch RSI settings, Divergence Options, Labels, and Market Open Settings) allowing you to adjust smoothing periods, RSI and Stochastic lengths, and divergence thresholds with a user-friendly interface.
Visual Enhancements:
Plots & Fills: The indicator plots both the K and D lines with corresponding fills and horizontal bands for quick visual reference.
Divergence Markers: Diamond shapes and labeled markers indicate regular and hidden divergences on the chart.
Market Open Highlighting: Optional histogram plots highlight the market open candle based on different timeframes for stocks versus non-forex symbols.
CandelaCharts - Premium & Discount 📝 Overview
Premium and Discount are key concepts in ICT (Inner Circle Trader) trading strategies, used to pinpoint ideal entry and exit points in the market. These concepts are based on an understanding of market structure and the behavior of institutional traders, commonly referred to as Smart Money.
To understand the Premium and Discount zones, it's crucial to first grasp the concept of the equilibrium level, also known as the basic or fair value. The equilibrium represents the midpoint of a given price range and acts as a reference point, dividing the range into Premium and Discount zones.
The equilibrium reflects the "fair value" of the price within the considered range. Traders use this as a benchmark to assess whether the current price is in the Premium or Discount zone.
The Premium zone lies above the equilibrium level, while the Discount zone is located below it within the price range.
📦 Features
Swing-based detection
Custom detection
Modes
Styling
⚙️ Settings
Range: Determines how you will identify Premium and Discount, either by swing points or by custom date.
Mode: Controls what UI will be displayed
Premium: Sets the Premium color
Discount: Sets the Discount color
Equilibrium: Sets the Equilibrium color
Labels: Controls the labels visibility
⚡️ Showcase
Pro Mode
Solid Mode
Outlined Mode
Flat Mode
The Indicator can be effortlessly applied in replay mode to highlight premium and discount zones based on the most prominent market swings.
🚨 Alerts
The indicator does not provide any alerts!
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
TS- Multitimeframe📊 The Trend Synchronizer – Multitimeframe Scalper 🔁
Indicator added at the of the chart. - Just in case anyone is confused, and one on chart as overlay is our own Delta zones indicator - as usual available to use for everyone.
🚀 Precision Aligned, Momentum Enhanced
Welcome to the Trend Synchronizer (TS) – a custom-built, multitimeframe momentum indicator developed for active traders looking to scalp lower timeframes (1–5 min) while staying in sync with broader market direction.
🔍 What Is It?
The Trend Synchronizer is an advanced momentum oscillator designed to identify entry opportunities only when multiple timeframes align.
It overlays real-time momentum signals from higher aggregations to ensure your trade is moving with the market, not against it.
✅ When short-term momentum aligns with higher timeframe direction, opportunities are clearer, stronger, and more reliable.
🧠 How to Use It (No Settings Needed)
This tool is ready to go out of the box.
It uses three internal timeframes (default: 1m, 5m, 30m) and processes their behavior to create momentum signals. Here's how to trade it:
📈 Entries
Buy Bias: When histogram bars turn bullish colors across layers and align positively.
Sell Bias: When histogram bars shift to bearish tones, confirming momentum is to the downside.
Avoid Signals when higher timeframe momentum and lower timeframe are diverging – that's when chop often occurs.
⏳ Timeframes
Default is tuned for scalping (1–5m charts), but can be adjusted.
You can change TF1, TF2, and TF3 to experiment with your preferred layers (e.g., 5m/15m/1H for intraday swing entries).
🟢 Color Cues
The color scheme helps you spot bullish and bearish dominance quickly.
Histograms are visually synced: above 0 = strength, below 0 = weakness.
⚙️ Settings
You don’t need to tweak anything unless you want to. The inputs are exposed only for fine-tuners.
TS1, TS2, TS3: Toggle momentum layers on/off.
Custom colors available for personalization.
Clean histogram-style display for clear, fast decision-making.
📌 Best Practices
Combine with price action and volume for higher conviction.
Always look for trend confirmation on your chart before executing.
It’s ideal for:
Momentum scalpers
Order flow traders
High-frequency setups
Trend pullbacks & breakouts
⚠️ Disclaimer
This indicator is for educational purposes only. It is not financial advice and does not guarantee profitability. Always do your own research and use proper risk management. You are solely responsible for your trading decisions.
✨ Final Word
The Trend Synchronizer is a tool designed to help you align with the flow of the market – not fight it. It simplifies the complexity of multiple timeframes into a visual format any trader can interpret.
If you find it useful, don’t forget to ⭐ it and drop a comment with your feedback!
Happy trading and stay in sync!
Multi-SMA Dashboard (10 SMAs)Description:
This script, "Multi-SMA Dashboard (10 SMAs)," creates a dashboard on a TradingView chart to analyze ten Simple Moving Averages (SMAs) of varying lengths. It overlays the chart and displays a table with each SMA’s direction, price position relative to the SMA, and angle of movement, providing a comprehensive trend overview.
How It Works:
1. **Inputs**: Users define lengths for 10 SMAs (default: 5, 10, 20, 50, 100, 150, 200, 250, 300, 350), select a price source (default: close), and customize table appearance and options like angle units (degrees/radians) and debug plots.
2. **SMA Calculation**: Computes 10 SMAs using the `ta.sma()` function with user-specified lengths and price source.
3. **Direction Determination**: The `sma_direction()` function checks each SMA’s trend:
- "Up" if current SMA > previous SMA.
- "Down" if current SMA < previous SMA.
- "Flat" if equal (no strength distinction).
4. **Price Position**: Compares the price source to each SMA, labeling it "Above" or "Below."
5. **Angle Calculation**: Tracks the most recent direction change point for each SMA and calculates its angle (atan of price change over time) in degrees or radians, based on the `showInRadians` toggle.
6. **Table Display**: A 12-column table shows:
- Columns 1-10: SMA name, direction (Up/Down/Flat), Above/Below status, and angle.
- Column 11: Summary of Up, Down, and Flat counts.
- Colors reflect direction (lime for Up/Above, red for Down/Below, white for Flat).
7. **Debug Option**: Optionally plots all SMAs and price for visual verification when `debug_plots_toggle` is enabled.
Indicators Used:
- Simple Moving Averages (SMAs): 10 user-configurable SMAs ranging from short-term (e.g., 5) to long-term (e.g., 350) periods.
The script runs continuously, updating the table on each bar, and overlays the chart to assist traders in assessing multi-timeframe trend direction and momentum without cluttering the view unless debug mode is active.
Trend Targets [AlgoAlpha]OVERVIEW
This script combines a smoothed trend-following model with dynamic price rejection logic and ATR-based target projection to give traders a complete visual framework for trading trend continuations. It overlays on price and automatically detects potential trend shifts, confirms rejections near dynamic support/resistance, and displays calculated stop-loss and take-profit levels to support structured risk-reward management. Unlike traditional indicators that only show trend direction or signal entries, this tool brings together a unique mix of signal validation, volatility-aware positioning, and layered profit-taking to guide decision-making with more context.
CONCEPTS
The core trend logic is built on a custom Supertrend that uses an ATR-based band structure with long smoothing chains—first through a WMA, then an EMA—allowing the trend line to respond to major shifts while ignoring noise. A key addition is the use of rejection logic: the script looks for consolidation candles that "hug" the smoothed trend line and counts how many consecutive bars reject from it. This behavior often precedes significant moves. A user-defined threshold filters out weak tests and highlights only meaningful rejections.
FEATURES
Trend Detection : Automatically identifies trend direction using a smoothed Supertrend (WMA + EMA), with shape markers on trend shifts and color-coded bars for clarity.
Rejection Signals : Detects price rejections at the trend line after a user-defined number of consolidation bars; plots ▲/▼ icons to highlight strong continuation setups.
Target Projection : On trend confirmation, plots entry, stop-loss (ATR-based), and three dynamic take-profit levels based on customizable multiples.
Dynamic Updates : All levels (entry, SL, TP1–TP3) auto-adjust based on volatility and are labeled in real time on the chart.
Customization : Users can tweak trend parameters, rejection confirmation count, SL/TP ratios, smoothing lengths, and appearance settings.
Alerts : Built-in alerts for trend changes, rejection events, and when TP1, TP2, or TP3 are reached.
Chart Overlay : Plots directly on price chart with minimal clutter and clearly labeled levels for easy trading.
USAGE
Start by tuning the Supertrend factor and ATR period to fit your asset and timeframe—higher values will catch bigger swings, lower values catch faster moves. The confirmation count should match how tightly you want to filter rejection behavior—higher values make signals rarer but stronger. When the trend shifts, the indicator colors the bars and line accordingly, and if enabled, plots the full entry-TP-SL structure. Rejection markers appear only after enough qualifying bars confirm price pressure at the trend line. This is especially useful for continuation plays where price retests the trend but fails to break it. All calculations are based on volatility (ATR), so targets naturally adjust with market conditions. Add alerts to get notified of important signals even when away from the chart.
Dynamic Support|Resistance SSA & SSBHello, traders. I offer you an indicator to complement the Ichimoku Kinho Hyo trading system. This indicator determines possible dynamic resistance and support levels based on pivots and end points of the Senkou Span A and Senkou Span B lines.
You determine the pivots yourself, choosing how many bars back to look for HIGH and LOW.
Attention! Unlike the classical theory of Goichi Hosoda: the levels are dynamic, that is, they change values with each new bar!
Also added is the MTF function for displaying levels from different time frames.
Goichi Hosoda TheoryGreetings to traders. I offer you an indicator for trading according to the Ichimoku Kinho Hyo trading system. This indicator determines possible time cycles of price reversal and expected asset price values based on the theory of waves and time cycles by Goichi Hosoda.
The indicator contains classic price levels N, V, E and NT, and is supplemented with intermediate levels V+E, V+N, N+NT and x2, x3, x4 for levels V and E, which are used in cases where the wave does not contain corrections and there is no possibility to update the impulse-corrective wave.
A function for counting bars from points A B and C has also been added.
RSI + MA + Divergence + SnR + Price levelOverview
This indicator combines several technical analysis tools to give traders a comprehensive view based on the RSI indicator. Its main features include:
RSI & Moving Averages on RSI:
RSI: Calculates the RSI based on the closing price (or a user-selected source) with a configurable period (default is 14).
EMA and WMA: Computes and plots an Exponential Moving Average (EMA with a period of 9) and a Weighted Moving Average (WMA with a period of 45) on the RSI, helping to smooth out signals and better identify trends.
Price Ladder Based on RSI:
Draws horizontal lines at specified target RSI levels (from targetRSI1 to targetRSI7, default levels ranging from 20 to 80).
Calculates a target price based on the price change relative to the averaged gains and losses, providing an estimated price level when the RSI reaches those critical levels.
Divergence Detection:
Identifies divergence between price and RSI:
Bullish Divergence: Detected when the price forms a lower low but RSI fails to confirm with a corresponding lower low, with the RSI falling under a configurable threshold (d_below).
Bearish Divergence: Detected when the price forms a higher high while the RSI does not, with the RSI exceeding a configurable upper threshold (d_upper).
Optionally displays labels on the chart to alert the trader when divergence signals are detected.
Auto Support & Resistance on RSI:
Automatically calculates and plots support and resistance lines based on the RSI over different lookback periods (e.g., 34, 89, 200 bars).
Helps traders identify key RSI levels where price reversals or breakouts might occur.
Benefits for the Trader
This indicator is designed to assist traders in their decision-making process by integrating multiple technical analysis elements:
Identifying Market Trends:
By combining the RSI with its moving averages (EMA, WMA), traders can better assess market trends and the strength of these trends, thereby improving trade entry accuracy.
Early Reversal Signals via Divergence:
Divergence signals (both bullish and bearish) can help forecast potential reversals in the market, allowing traders to adjust their strategies timely.
Determining RSI-Based Support/Resistance Levels:
Automatic identification of support and resistance levels on the RSI provides key areas where a price reversal or breakout may occur, assisting traders in setting stop-loss and take-profit levels strategically.
Price Target Forecasting with the Price Ladder:
The target price labels calculated at important RSI levels provide insights into potential price objectives, aiding in risk management and profit planning.
Flexible Configuration:
Traders can customize key parameters such as the RSI period, lengths for EMA and WMA, target RSI levels, divergence conditions, and support/resistance settings. This flexibility allows the indicator to adapt to different trading styles and strategies.
How to read data
Some use-cases
Used to estimate price according to the RSI level.
When you trade using RSI, you want to set your stop-loss or take-profit levels based on RSI. By looking at the price ladder, you know the corresponding price level to enter a trade.
Used to determine the entry zone.
RSI often reacts to its own previously established support/resistance levels. Use the Auto SnR feature to identify those zones.
Used to determine the trend.
RSI and its moving averages help identify the price trend:
Uptrend: 3 lines separate and point upward.
Downtrend: 3 lines separate and point downward.
Use WMA45 to determine the trend:
Uptrend: WMA45 is moving upward or trading above the 50 level.
Downtrend: WMA45 is moving downward or trading below the 50 level.
Sideways: WMA45 is trading around the 50 level.
Use EMA9 to confirm the trend: A crossover of EMA9 through WMA45 confirms the formation of a new trend.
Configuration
The script allows users to configure a number of important parameters to suit their analytical preferences:
RSI Settings:
RSI Length (rsiLengthInput): The number of periods used to compute the RSI (default is 14, adjustable as needed).
RSI Source (rsiSourceInput): Select the price source (default is the closing price).
RSI Color (rsiClr): The color used to display the RSI line.
Moving Averages on RSI:
EMA Length (emaLength): The period for calculating the EMA on RSI (default is 9).
WMA Length (wmaLength): The period for calculating the WMA on RSI (default is 45).
EMA Color (emaClr) and WMA Color (wmaClr): Customize the colors of the EMA and WMA lines.
Price Ladder Settings:
Toggle Price Ladder (showPrice): Enable or disable the display of the price ladder.
Target RSI Levels: targetRSI1 through targetRSI7: RSI values at which target prices are calculated (default values range from 20, 30, 40, 50, 60, 70 to 80).
Price Label Color (priceColor): The text color for displaying the target price labels.
Divergence Settings:
Divergence Toggle (calculateDivergence): Option to enable or disable divergence calculation and display.
Divergence Conditions:
d_below: RSI level below which bullish divergence is considered.
d_upper: RSI level above which bearish divergence is considered.
Display Divergence Labels (showDivergenceLabel): Option to display labels on the chart when divergence is detected.
Auto Support & Resistance on RSI:
Toggle Auto S&R (enableAutoSnR): Enable or disable automatic plotting of support and resistance levels.
Lookback Periods for Support/Resistance:
L1_lookback: Lookback period for level 1 (e.g., 34 bars).
L2_lookback: Lookback period for level 2 (e.g., 89 bars).
L3_lookback: Lookback period for level 3 (e.g., 200 bars).
Support and Resistance Colors:
rsiSupportClr: Color for the support line.
rsiResistanceClr: Color for the resistance line.
Alerts:
Divergence Alerts: Alert conditions are set up to notify the trader when bullish or bearish divergence is detected, aiding in timely decision-making.
Altseason Index (Top 10)### Altseason Index (Top 10)
#### Overview
The "Altseason Index (Top 10)" indicator identifies whether the market is in an altseason (altcoins outperforming Bitcoin) or a Bitcoin season. It analyzes the performance of 9 top altcoins (ETH, BNB, ADA, XRP, SOL, DOT, AVAX, SHIB, LINK) against Bitcoin over 90 days, inspired by the Blockchain Center Altcoin Season Index.
#### How It Works
- Calculates the 90-day price change for BTC and 9 altcoins.
- Counts how many altcoins outperform BTC.
- Index = (number of outperforming altcoins / 9) * 100.
- >75%: Altseason (green zone).
- <25%: Bitcoin season (red zone).
- 25–75%: Neutral.
#### Visualization
- Blue line: Index value (0–100).
- Green line at 75: Altseason threshold.
- Red line at 25: Bitcoin season threshold.
- Green/red background fill for altseason/BTC season zones.
#### Usage
Add to your chart and interpret:
- Above 75: Consider altcoin investments.
- Below 25: Focus on Bitcoin.
Ensure tickers match your exchange (e.g., "BTCUSD" or "BINANCE:BTCUSDT").
#### Notes
- Limited to 9 altcoins due to TradingView's request.security() limit.
- Best on daily charts but adaptable to other timeframes.
Intraday LevelsWhat it shows:
This indicator is useful for day trading, where it will track and display you important price levels which includes:
Premarket Low (PML)
Premarket High (PMH)
Previous Day Low (PDL)
Previous Day High (PDH)
Previous Day Close (PDC)
After Hours Low (AHL)
After Hours High (AHH)
Day Low (DL)
Day High (DH)
The price level lines and labels will automatically adjust itself as the price moves, eliminating the need of manually having to adjusting these levels.
How to use it:
At these levels it can act as important support resistance points during the day and can often serve as a important pivot point for any ticker. You can expect price rejection or bounce when the price approaches these levels.
Key settings:
For each of the levels, user can adjust in the settings menu:
Line Colour
Line Thickness
Line Style
Label Text
Price Labelling on Label
Label Location (Offset from current bar)
Ability to turn on/off the price level and label
Display levels for either all days or on the day
Market Regime Candle DominanceDescription: This script, "Market Regime Candle Dominance," overlays a TradingView chart to visually identify market regimes—bullish trends, bearish trends, or ranging markets—using adaptive calculations and volatility detection. It dynamically colors candles and highlights the background to indicate current market conditions.
How It Works:
Inputs:
Users define colors for bullish, bearish, and ranging trends, adjust sensitivity thresholds for volatility and trends, and set an adaptive calculation length.
Adaptive Calculation:
A period adjustment factor (calcPeriod) dynamically alters based on the chart's timeframe, ensuring meaningful calculations across different timeframes.
Volatility and Trend Detection:
Using the True Range (ta.tr) and price change (close - close ), the script calculates volatility and trend strength to determine market conditions.
Trend sensitivity is adjustable through thresholds (trendThreshold), enabling finer or broader regime detection.
Market Regime Identification:
Bullish Trend: Detected when trendStrength > trendThreshold.
Bearish Trend: Triggered when trendStrength < -trendThreshold.
Ranging Market: Identified when neither bullish nor bearish trends are present.
Candle Coloring:
Candles are colored according to the market regime:
Green for bullish trends.
Red for bearish trends.
Blue (semi-transparent) for ranging markets.
Background Highlights:
An optional feature (highlightRegime) adds semi-transparent background colors corresponding to the detected regime, enhancing visual clarity of the chart.
Features:
Adaptive Sensitivity: Adjusts the calculation length and thresholds for precision across different chart timeframes.
Customizable Display: Allows users to personalize colors and enable/disable background highlights.
Visual Clarity: Simplifies the identification of market regimes, providing clear direction at a glance.
Buy/Sell EMA Trend Filter v6Buy/Sell EMA Trend Filter v6
This indicator provides a comprehensive trading system based on EMA crossovers with trend filtering for TradingView. It's designed to identify high-probability buy and sell signals by combining short-term crossovers with longer-term trend direction confirmation.
Key Features:
EMA Crossover System: Uses fast and slow EMAs (9 and 21 by default) to generate initial signals
Trend Filtering: Confirms signals with longer-term trend direction (50 and 200 EMAs)
Automatic TP/SL Calculation: Displays clear take profit and stop loss levels based on fixed risk points
Visual Alerts: Clear buy/sell markers at the point of signal with detailed labels
Risk Management: Pre-calculated risk-to-reward setup (default 1:2 ratio)
How It Works:
Buy Signal: When the fast EMA crosses above the slow EMA while the 50 EMA is above the 200 EMA (bullish trend)
Sell Signal: When the fast EMA crosses below the slow EMA while the 50 EMA is below the 200 EMA (bearish trend)
Customizable Parameters:
Fast EMA period (default: 9)
Slow EMA period (default: 21)
Trend EMA periods (default: 50 and 200)
Fixed risk in points (default: 20)
Reward ratio (default: 2.0)
The indicator displays clear entry points with predefined stop loss and take profit levels, making it ideal for traders looking for a systematic approach to the markets. Perfect for both day trading and swing trading timeframes.
This tool combines both trend following and momentum principles to filter out low-probability trades and focus on high-quality setups where the trend and momentum align.
MACD Crossover + AlertMACD Proximity & Crossover Alert Script
This script is designed to help traders stay ahead of MACD crossovers by providing:
Early alerts when the MACD and Signal lines are getting close (within a customizable threshold)
Instant alerts when a bullish or bearish crossover occurs
Whether you're swing trading or scalping, this tool gives you advanced notice to prepare — and a confirmation signal to act on. It works on any timeframe and helps avoid late entries by alerting you when momentum is shifting.
Features:
Customizable MACD settings (fast, slow, signal length)
Adjustable "proximity" threshold
Visual background highlight when lines are close
Built-in alert conditions for:
MACD crossing above Signal (bullish)
MACD crossing below Signal (bearish)
MACD and Signal getting close (early warning)
Perfect for traders who want a heads-up before momentum shifts — not just a reaction afterward.
Buy/Sell Volume ComparisonKey improvements:
Direct volume comparison: Now shows the current day's volume and previous day's volume side by side
Percentage change display: Clear percentage change with up/down arrows
Table position customization: Added a dropdown menu to select where you want the table to appear
To adjust the table position:
Click on the settings (gear icon) for the indicator after adding it to your chart
You'll see a dropdown menu labeled "Table Position"
Select from options like "Top Right", "Bottom Left", etc.
Click "OK" to apply your changes
This version also handles the case where there's no previous volume data (first bar of the chart) by checking for NA values.
Let me know if this meets your requirements, or if you'd like any other adjustments!RetryClaude does not have the ability to run the code it generates yet.Claude can make mistakes. Please double-check responses.Tip: Long chats cause you to reach your usage limits faster.
Dynamic Volume Profile PoC SwiftedgeOverview
The Dynamic Volume Profile PoC is a powerful and visually intuitive indicator designed to help traders identify key support and resistance levels using a unique combination of pivot points, volume analysis, and dynamic Point of Control (PoC) levels. This script overlays directly on your chart, providing clear visual cues for potential breakout and rejection zones, making it easier to spot high-probability trading opportunities.
What It Does
This indicator combines three core components to deliver actionable insights:
Pivot Points: Identifies significant swing highs and lows to establish potential support and resistance levels.
Volume Oscillator: Measures volume momentum to confirm the strength of price movements, ensuring that breakouts or rejections are backed by significant volume.
Dynamic Point of Control (PoC): Calculates the midpoint between consecutive pivot points to create dynamic PoC levels, which act as key areas where price is likely to either break through (breakout) or reverse (rejection).
These components work together to highlight critical price levels where the market is likely to react, giving traders a clear framework for decision-making.
How It Works
Pivot Detection: The script uses pivot highs and lows (based on user-defined Left Bars and Right Bars) to identify significant price levels. These pivots form the foundation for calculating PoC levels.
PoC Calculation: Each time a new pivot is detected, the script calculates the midpoint between the current pivot and the previous pivot, creating a dynamic PoC level. These levels are plotted as horizontal lines on the chart, with a maximum of Max PoC Lines to Show (default: 2) visible at any time.
Volume Confirmation: A volume oscillator (short EMA of volume minus long EMA of volume) is used to filter breakouts and rejections. Breakouts or rejections are only signaled if the volume oscillator exceeds the Volume Threshold (default: 20), ensuring that price movements are supported by strong volume.
Visual Cues:
PoC levels are drawn as cyan lines with optional semi-transparent zones (controlled by Show PoC Zones). These zones are colored green for potential breakouts (price above PoC) and red for potential rejections (price below PoC).
Labels above and below each PoC level indicate trading opportunities: "Long if breakout"/"Long if rejected" (green) and "Short if breakout"/"Short if rejected" (red), depending on the price's direction relative to the PoC.
Break signals ("B") are plotted above or below bars when price crosses a pivot level with sufficient volume, colored red for downward breaks and green for upward breaks.
How to Use
Add the Indicator: Add the "Dynamic Volume Profile PoC " to your chart in TradingView.
Adjust Settings:
Left Bars and Right Bars (default: 15): Control the sensitivity of pivot detection. Lower values make the script more sensitive to smaller price swings.
Volume Threshold (default: 20): Set the minimum volume oscillator value required to confirm breakouts or rejections. Increase this for stricter confirmation.
Max PoC Lines to Show (default: 2): Define how many PoC levels are displayed at once.
Show PoC Zones (default: true): Toggle semi-transparent zones around PoC levels for better visualization.
Label Spacing Factor (default: 0.5): Adjust the vertical spacing between labels and the PoC box. Increase this value (e.g., to 1.0 or 2.0) for more spacing, or decrease it (e.g., to 0.3) for less.
Interpret the Signals:
Look for PoC levels (cyan lines) as key areas of interest.
Use the labels to identify potential trades: "Long if breakout" indicates a buy opportunity if price breaks above the PoC, while "Short if rejected" suggests a sell if price fails to break through.
Watch for "B" signals to confirm breakouts or rejections with volume support.
Combine with Your Strategy: Use the PoC levels and break signals as part of your broader trading strategy, such as trend-following or mean-reversion setups.
Why This Script is Unique
The Dynamic Volume Profile PoC stands out by combining pivot points, volume analysis, and dynamic PoC levels into a single, cohesive tool. Unlike traditional volume profile indicators that require a fixed range, this script dynamically updates PoC levels based on recent price action, making it more responsive to current market conditions. The addition of volume confirmation ensures that signals are backed by market participation, reducing false breakouts. The visually appealing design, with customizable spacing and semi-transparent zones, makes it easy to interpret key levels at a glance, even for traders unfamiliar with Pine Script.
Notes
This script works best on timeframes where pivot points are meaningful (e.g., 1H, 4H, or daily charts).
Adjust the Label Spacing Factor to ensure labels are well-spaced for your chart's zoom level and instrument.
For instruments with high volatility, you may need to increase the Volume Threshold to filter out noise.
