ابدأ الآن

Resistances

Confluence Order Blocks | ProjectSyndicateConfluence Order Blocks automatically identifies and validates high-probability, non-repainting Order Blocks. It filters for structural quality using displacement, normalizes all zone heights for consistency, and embeds a live multi-timeframe confluence engine inside every zone to provide a quantifiable, data-driven edge. 🧠 Live Multi-Timeframe Engine — This is not a single-timeframe tool. Every OB zone displayed on the chart is the result of a live, proximity-based confluence engine scanning three independent higher timeframes (e.g., M15, M30, H1) simultaneously. Each label shows exactly how many timeframes confirmed the zone, its composite strength rating (0-10), the session it formed in, its age, and its exact pip height, giving you an instant structural edge. 🎯 Displacement-Confirmed OBs — The engine doesn't just mark swing points. It validates each OB on the higher timeframes by requiring a powerful move away from the candle — a "displacement" — that is a user-defined multiple of the zone's range. This filters out weak or insignificant zones and focuses only on OBs that have demonstrated true market-moving intent before they are even considered for merging. 🎨 ATR-Normalized Zones — Eliminates visual noise from inconsistent zone sizes. This feature forces every merged OB zone to a uniform, ATR-based height (e.g., 0.75x ATR). This provides a clean, consistent chart and allows for a more objective analysis of price interaction with zones of equal visual weight, preventing massive tower blocks from distorting the chart. 📊 Proximity-Based Merging — Timeframes rarely align perfectly to the pip. The confluence engine uses an intelligent ATR-based proximity tolerance (e.g., 2.0x ATR) to detect when order blocks from different timeframes are clustered in the same price territory. It then mathematically merges them into a single, high-probability "Confluence Zone," ensuring you don't miss valid setups due to minor price discrepancies across timeframes. ✅ Chart-Timeframe Independent — The engine's credibility comes from its architectural stability. Unlike standard MTF indicators that repaint or shift zones depending on the chart you are viewing, this engine runs a completely stateless detection algorithm. The merged zones you see on an M1 chart are mathematically identical to the zones you see on an M5 or M15 chart. 🔧 Fully Customizable — Control every aspect of the engine, including the 3 target timeframes, the Minimum Timeframe Confluence threshold (e.g., require 3 out of 3 TFs), the Proximity Tolerance multiplier, the Minimum Strength Filter, and the colors/visibility of Bullish and Bearish zones. 🔬 Why this algo is unique: Standard Order Block indicators are subjective — often just drawing boxes on the current timeframe's last up/down candle before a swing, with no proof of higher-timeframe alignment. The Confluence OB Engine transforms this subjective tool into an objective, multi-dimensional trading instrument. It doesn't just show you a zone; it proves that the zone is backed by institutional intent across multiple timeframes, merging them into a single, undeniable area of interest on the exact chart you are viewing. 🌐 Apply to Gold (XAUUSD), Indices (US30, NAS100), Forex Majors, and Crypto on M1 or M5 execution timeframes while tracking M15, M30, and H1 structures. The engine is designed for assets that exhibit clear swing structures and respect deep supply/demand dynamics. 🗂️ How to use this? The most critical metric is the Timeframe Confluence Count and the Strength Rating. A zone confirmed by 3 timeframes with a Strength of 8.0+ indicates a massive structural edge. Consider only taking trades from these high-confluence zones that align with the prevailing higher-timeframe trend. The embedded label also shows the exact "pips away" distance, allowing for precise limit order placement. ⚙️ IMPORTANT NOTICE: This indicator is a professional-grade tool designed to identify structural confluence. It should NOT be used as a standalone signal for entering trades blindly. Always use it in conjunction with your own trading strategy, price action analysis, and strict risk management to confirm trade setups.
مؤشر Pine Script®
من ‎ProjectSyndicate‎
1
Periodic Anchored VWAPPeriodic Anchored VWAP Overview The Periodic Anchored VWAP is a professional volume-weighted average price indicator that anchors VWAP calculations to fixed calendar periods. Unlike traditional anchored VWAP tools that require manual point-and-click anchoring, this indicator automatically resets VWAP calculations at predefined interval boundaries (hourly, daily, weekly, monthly), providing a clean, systematic approach to volume-weighted support and resistance analysis. Key Features 13 Anchor Periods: 1H, 4H, 6H, 12H, 1D, 3D, 1W, 2W, 1M, 2M, 3M, 6M, 12M Smart Timeframe Filtering: Automatically hides VWAPs when chart timeframe equals or exceeds anchor period Individual Period Controls: Toggle each VWAP on/off independently with custom colors Master Toggle: Global show/hide for all VWAP lines Dynamic Labels: Real-time price labels at the right edge of chart Compact Settings: Streamlined input panel with inline color pickers How It Works The Golden Rule VWAP is displayed ONLY when: Chart Timeframe < Anchor Period This ensures VWAP lines always represent meaningful continuous calculations. For example: 1H VWAP appears only on timeframes smaller than 1 hour (e.g., 15min, 5min, 1min) 1D VWAP appears only on timeframes smaller than daily (e.g., 4H, 1H, 15min) 1W VWAP appears only on timeframes smaller than weekly (e.g., daily, 4H, 1H) Anchor Logic Each VWAP resets at its respective period boundary: Intraday Anchors (1H, 4H, 6H, 12H): Reset at the start of each hour/4-hour/6-hour/12-hour period Daily Anchors (1D, 3D): Reset at daily market open Weekly Anchors (1W, 2W): Reset at weekly market open Monthly Anchors (1M, 2M, 3M, 6M, 12M): Reset at month boundaries Input Settings Master Control: VWAP Display Show / Hide Global toggle for all VWAP lines Intraday Anchors (Default: Off): 1H => Teal => Short-term intraday reference 4H => Pink => Medium-term intraday reference 6H => Magenta => Half-day session reference 12H => Cyan => Full session reference Anchor VWAP Periods (Default: On): 1D => Yellow/Green => Daily support/resistance 3D => Purple => Multi-day trend reference 1W => Blue => Weekly pivot levels 2W => Light Blue => Bi-weekly trend 1M => Green => Monthly support/resistance 2M => Dark Green => 2-month horizon 3M => Yellow => Quarterly reference 6M => Orange => Semi-annual trend 12M => Red => Annual benchmark Visual Display VWAP Lines: Colored lines plotted at 2px thickness for clear visibility: Right-Edge Labels: Compact labels showing period and current VWAP value Smart Label Colors: Black or white text automatically based on line color for optimal readability Use Cases Intraday Trading: Use 1H, 4H, 6H, 12H VWAPs on lower timeframes (e.g., 5min, 15min) to identify intraday support/resistance levels Multiple intraday VWAPs reveal stacked liquidity zones Swing Trading: 1D, 3D, 1W, 2W VWAPs help identify trend direction and mean reversion levels Weekly VWAP provides context for daily price action Position Trading: 1M, 3M, 6M, 12M VWAPs offer long-term benchmarks for valuation assessment Multiple monthly VWAPs show multi-year price distribution Multi-Timeframe Analysis: Visualize up to 13 VWAP levels simultaneously Identify confluences where multiple VWAP periods align Observe how price interacts with different anchored levels Important Notes Timeframe Limitations: VWAPs automatically hide when the chart timeframe is equal to or greater than the anchor period (prevents misleading point-to-point lines) Intraday Anchors Disabled by Default: Enable only the periods relevant to your trading style to reduce visual clutter Monthly Anchors: Use 30-day approximation for minute calculations; display logic ensures they only appear on daily or lower timeframes Label Positioning: Labels appear 1-13 bars to the right of the current bar to prevent overlap with price action Performance Efficiently coded with looped label management No repainting — all calculations are historical Compatible with all markets and symbols Version History v.1.0 => Initial release with 13 anchor periods, timeframe validation, and dynamic labels Start using Periodic Anchored VWAP to elevate your volume-weighted analysis across all timeframes!
مؤشر Pine Script®
من ‎BacktestTerminal‎
Adaptive Bollinger Bands [by Oberlunar]Adaptive Bollinger Bands by Oberlunar extends a classical Bollinger-style framework by building structured envelopes on highs and lows and then interpreting them through flow and regime context rather than through band touches alone. The script combines two moving-average bases, adaptive volume-distribution logic above and below price, a normalized TRIX component, and a multi-timeframe directional filter to distinguish between mean-reversion conditions and breakout conditions in a more organized way. Its original value is not in any single component taken in isolation, but in the way these elements are fused into one coherent visual system. The bands define the price structure, the heatmap and tape show where directional pressure is stronger, the regime engine helps separate quieter rejection environments from more persistent expansion, and the support, resistance, and compression areas help mark zones where market behavior becomes more interpretable. The indicator is designed to be read directly on standard charts. It does not use future-looking logic, and higher-timeframe requests are made with no lookahead. It is meant as a decision-support tool for chart reading, not as a promise of performance or as a substitute for risk management. A common way to use the script is to observe how price behaves when it reaches the outer parts of the envelope and then compare that location with the active regime, the side-specific flow, and the multi-timeframe bias. In quieter conditions, signals near the edge of the channel can be interpreted as possible rejection areas. In stronger directional conditions, the same area can instead be read as part of a continuation or breakout sequence. The heatmap and tape help show whether pressure is building above or below price, while the marked zones can help the user keep track of relevant local structure. Enjoy by Oberlunar ✦👁
مؤشر Pine Script®
من ‎oberlunar_tr‎
Volume Profile S/R Zones (Peaks)Volume Profile S/R Zones (Peaks) is a volume-profile based support/resistance tool that converts significant volume nodes into tradable zones, then ranks them by how consistently price respected them over the selected lookback. The script builds a rolling Volume Profile over a user-defined window (default 81 days) using a fixed number of price bins (default 33 rows). For each price bin it accumulates: Total volume traded inside that price region Bullish volume (lower-timeframe bars that close above open) Bearish volume (implied as total − bullish) The profile is plotted on the left side of the chart. All profile elements and zones are intentionally forced to a single clean style: white at 20% opacity (labels keep the chart’s default text color styling). What it detects 1) High Volume Nodes (Peaks) The script scans the profile rows and detects local maxima (HVNs). To prevent noisy “micro peaks,” a peak must pass two quality filters: Relative-to-Max filter: peak volume must be at least a % of the largest node’s volume Prominence filter: peak volume must exceed the average of nearby nodes by a minimum ratio These filters remove weak nodes and keep only meaningful price areas where the market traded heavily. 2) Optional Low Volume Nodes (Troughs / LVNs) When enabled, the script also detects local minima (LVNs). LVNs can behave like “barrier” areas where price rejects or moves quickly through. Zones instead of lines Each detected node becomes a zone, not a single price line. Zone center = middle of the profile row Zone thickness is adaptive: Zone Half-Width = max(price bin size, ATR × fraction) This makes zones robust to volatility and reduces “false breaks” caused by small wicks. Zone merging (reduces clutter) Nodes close to each other are merged into a single zone if their centers are within: Merge Distance = ATR × fraction The merged zone center becomes volume-weighted, so stronger nodes dominate. Reliability scoring (the core feature) Every zone is scored by replaying price interaction over the lookback window: Events Touch: candle range intersects the zone Valid rejection: touch + close exits the zone in the expected direction Confirmed break: close outside the zone, confirmed by: distance beyond the zone (ATR-based), or a minimum number of consecutive closes outside Scoring Touch adds points Rejection adds more points Confirmed break subtracts points A decay factor is applied each bar so older interactions matter less than recent ones This produces a practical ranking: zones that get repeatedly respected score high; zones that fail score low. What you see on the chart Left-side Volume Profile (white 20% opacity) Top N strongest zones (ranked by score), drawn as horizontal bands across the chart Right-side price labels showing each zone’s center price Label tooltip includes: zone center price reliability score current “role” (support-side vs resistance-side) polarity bias (bull/bear/neutral based on volume delta) Inputs and how to tune Volume Profile Profile Lookback (Days): defines market memory (short = tactical, long = structural) Rows: resolution of price bins (higher = more detailed, lower = smoother) Profile Width: visual width of the profile histogram POC mode: optional regular or developing POC line Zones Top N Zones: limits clutter by plotting only the strongest zones ATR Length / Zone Half-Width: controls how wide zones are Prominence / Relative-to-Max: controls strictness of peak detection Merge Distance: merges nearby zones into one Scoring Touch / Rejection / Break points Decay factor (higher = longer memory) Break confirmation settings (ATR distance + consecutive closes) How to use (practical framework) This indicator is designed to treat volume nodes as acceptance/rejection areas, not perfect lines: Focus on high-score zones (they have the most recent evidence of being respected) Use zones as: potential accumulation/defense areas (support-side) potential supply/ceiling areas (resistance-side) Break confirmation is ATR-based to reduce false breakdowns/breakouts For investing, many users run two instances: long lookback (e.g., 252 days) for macro zones shorter lookback (e.g., 81 days) for tactical entries Notes / Limitations The script is a historical structure tool, not a predictor. Zones can shift gradually as the rolling lookback window updates. Different assets (high volatility vs low volatility) may require different row counts and filter strictness. License / Credits Based on LuxAlgo’s Volume Profile foundation and heavily modified to add zone construction, merging, and reliability scoring. Licensed under CC BY-NC-SA 4.0 (Attribution–NonCommercial–ShareAlike).
مؤشر Pine Script®
من ‎MPRManagement‎
Multi-Timeframe S&R V1The Multi-Timeframe S&R V1 is a clean and powerful technical indicator designed to visualize key Support and Resistance (S&R) levels from multiple timeframes directly on your chart. Instead of drawing lines manually, this tool automates the process by plotting critical levels from the previous day, week, and month. This indicator is ideal for traders focusing on Price Action, Market Structure (HH/HL), or Mean Reversion strategies. Key Features: Daily Levels (D): Displays yesterday's High and Low, along with the current Daily Open. Essential for intraday trading and identifying the daily bias. Weekly Levels (W): Plots the High and Low from the previous week. These often act as major psychological levels where significant price reactions occur. Monthly Levels (M): Shows the High and Low of the previous month for a macro perspective on the market. Dynamic Labels: Each level is clearly labeled on the right side of the chart (e.g., "D-high", "W-low", "M-high") for instant identification. Fully Customizable: Toggle the visibility of each timeframe (D, W, M) independently via the settings to keep your chart clean and focused. Visual Hierarchy: Lines are distinguished by varying thicknesses and colors, allowing you to assess the importance of a level at a single glance. How to Use: Support & Resistance: Use these lines as potential bounce or breakout zones. Trend Confirmation: Combine these levels with your own Market Structure analysis (Higher Highs / Higher Lows). Targeting: Utilize weekly or monthly extremes as Take Profit targets or Stop Loss reference points.
مؤشر Pine Script®
من ‎SpankyFPV‎
eBacktesting - Learning: Support & ResistanceeBacktesting - Learning: Support & Resistance helps you spot the price levels where the market repeatedly reacts, bounces, or rejects — the classic “floors” (support) and “ceilings” (resistance) that many day traders use to plan entries, stops, and targets. This indicator automatically marks historical support and resistance levels right where they formed, so you can scroll back and study how price respected (or broke) those zones over time. It also highlights important moments when a level is broken, showing you how a broken resistance can later act like support (and vice-versa). These indicators are built to pair perfectly with the eBacktesting extension, where traders can practice these concepts step-by-step. Backtesting concepts visually like this is one of the fastest ways to learn, build confidence, and improve trading performance. Educational use only. Not financial advice.
مؤشر Pine Script®
من ‎eBacktesting‎
Defended Price Levels (DPLs) — Melvin Dickover ConceptThis indicator identifies and draws horizontal “Defended Price Levels” (DPLs) exactly as originally described by Melvin E. Dickover in his trading methodology. Dickover observed that when extreme relative volume and extreme “freedom of movement” (volume-to-price-movement ratio) occur on the same bar, especially on bars with large gaps or unusually large bodies, the closing price (or previous close) of that bar very often becomes a significant future support/resistance level that the market later “defends.” This script automates the detection of those exact coincident spikes using two well-known public indicators: Relative Volume (RVI) • Original idea: Melvin Dickover • Pine Script implementation used here: “Relative Volume Indicator (Freedom Of Movement)” by LazyBear Link: Freedom of Movement (FoM) • Original idea and calculation: starbolt64 • Pine Script: “Freedom of Movement” by starbolt64 Link: How this indicator works Calculates the raw (possibly negative) LazyBear RVI and starbolt64’s exact FoM values Normalizes and standardizes both over the user-defined lookback Triggers only when both RVI and FoM exceed the chosen number of standard deviations on the same bar (true Dickover coincident-spike condition) Applies Dickover’s original price-selection rules (uses current close on big gaps or 2× body expansion candles, otherwise previous close) Draws a thin maroon horizontal ray only when the new level is sufficiently far from all previously drawn levels (default ≥0.8 %) and the maximum number of levels has not been reached Keeps the chart clean by limiting the total number of significant defended levels shown This is not a republish or minor variation of the two source scripts — it is a faithful automation of Melvin Dickover’s specific “defended price line” concept that he manually marked using the coincidence of these two indicators. Full credit goes to: Melvin E. Dickover — creator of the Defended Price Levels concept LazyBear — author of the Relative Volume (RVI) implementation used here starbolt64 — author of the Freedom of Movement indicator and calculation Settings (all adjustable): Standard Deviation Length (default 60) Spike Threshold in standard deviations (default 2.0) Minimum distance between levels in % (default 0.8 %) Maximum significant levels to display (15–80) Use these horizontal maroon lines as potential future support/resistance zones that the market has previously shown strong willingness to defend. Thank you to Melvin, LazyBear, and starbolt64 for the original work that made this automation possible.
مؤشر Pine Script®
من ‎MonkeyPhone‎
Gap Detector (Body and Candle)Finds/Detects gaps between candles and candle bodies for any chart/timeframe with O(n+delta) performance. Candle Gaps (between wicks) act as strong support or resistance. They are drawn as solid boxes. Body Gaps (ignores wicks) act as mild support or resistance. They are depicted with lines. Adjust the settings for candle/body gap width, smaller the time frame, smaller the gap. Adjust max historical bars to fine tune performance on your system/setup. The more historical bars the script scans, more time required to load the chart. At times based on system configuration, TradingView may timeout the script due to too many bars. Reducing the max bars helps in this scenario. This is a revamped version of "Body Gap Detector". Happy charting !
مؤشر Pine Script®
من ‎prashanthraju‎
LevelsThis Indicator is meant to plot some of the most common levels that traders use. The display of these levels is highly customizable, as you can choose the line type , color , thickness and whether it shows you no label, price only, reduced label or full label next to the line. All labels (except for "no Label") will show the price at this level. Also You have the option to mark the start on each timeframe with either a individually colored background or a vertical line where you can choose the line style and color. Full List of available Levels and Optional inputs to these levels: Previous HTF Candle Levels: • Previous HTF Candle Open • Previous HTF Candle High • Previous HTF Candle Low • Previous HTF Candle Close Optional: • Choose any higher timeframe • Mark start of new HTF candle Session Levels: • Session Open • Session High • Session Low • Session Close Optional: • Choose any time as start and end of your session • Mark start of session • Mark full session Daily Levels: • Current Day Open • Current Day High • Current Day Low • Previous Day Open • Previous Day High • Previous Day Low • Previous Day Close Optional: • Choose start of day (standard, NY Midnight, custom start time) • Mark start of day Weekly Levels: • Current Week Open • Current Week High • Current Week Low • Previous Week Open • Previous Week High • Previous Week Low • Previous Week Close Optional: • Mark start of Week Monthly Levels: • Current Month Open • Current Month High • Current MonthLow • Previous Month Open • Previous Month High • Previous Month Low • Previous Month Close Optional: • Mark start of Month
مؤشر Pine Script®
من ‎bruul‎
2
Air Gap MTF with alert settingsWhat it shows: This indicator will show a horizontal line at a price where each EMAs are on on different time frames, which will remove the effort of having to flick through different time frames or look at different chart. The lines itself will move in real time as price moves and therefore as the EMA values changes so no need to manually adjustment the lines. How to use it: The price gap between each of the lines are known as "air gaps", which are essentially zones price can move with less resistance. Therefore bigger the airgap there is more likely more movement in price. In other words, where lines are can be a resistance (or support) and can expect price stagnation or rejection. On the chart it is clear to see lines are acting as resistances/supports. Key settings: The time frame are fixed to: 30min, 1hr and 4hr. This cannot be changed as of now. EMA values for each time frame are user changeable in the settings, and up to 4 different values can be chosen for each time frame. Default is 5,12,34 and 50 for each timeframe. Line colour, thickness and style can be user adjusted. Start point for where line will be drawn can be changed in the settings, either: start of day, user defined start or across the chart. In case of user defined scenario user can input a number that specifies a offset from current candle. Label colour, font, alignment, text size and text itself can be user adjusted in the settings. Price can be also displayed if user chooses to do so. Position of label (offset from current candle) is user specified and can be adjusted by the user. Both the lines and labels can be turned off (both and individually), for each lines. Alert Settings: Manually, user can set alerts for when price crosses a specific line. This can be done by: right click on any of line choose first option (add alert on...) On the second option under condition, use the dropdown menu to choose the desired EMA/timeframe to set alert for. Hit "create" at bottom right of option ---------------------------------------------------------------------- If anything is not clear please let me know!
مؤشر Pine Script®
من ‎Mereep01‎
16
Ultra Key LevelsThe "Ultra Key Levels" indicator is a powerful tool designed for traders who seek to identify critical price levels in the market. This Pine Script™ indicator is optimized to plot significant pivot highs and lows directly on your chart, providing a clear visual representation of potential support and resistance zones. Pivot Detection: Automatically identifies and marks pivot highs and lows using customizable parameters. Traders can fine-tune the length of the pivots, allowing for precise detection of significant price points. Dynamic Boxes: The indicator draws dynamic boxes around each identified pivot high and low, highlighting key levels. These boxes are adjusted based on the Average True Range (ATR), ensuring they reflect the current market volatility. Pivot Highs/Lows: Control the appearance and behavior of pivot points with options to adjust source data, length, transparency, and the maximum number of pivots displayed on the chart. ATR Multiplier: Set the ATR multiplier to determine the size of the boxes around pivot points, helping you assess the strength of each level. Debug Mode: Activate debug mode to visualize pivot points and fine-tune your settings for optimal performance. Scalability: Supports up to 500 boxes, making it suitable for both short-term and long-term traders who need to track multiple levels across different timeframes. The "Ultra Key Levels" indicator is ideal for traders who rely on technical analysis to make informed decisions. By automatically identifying and highlighting key price levels, this tool helps you anticipate potential market movements and optimize your trading strategy.
مؤشر Pine Script®
من ‎Rathack‎
4
Price Close ProbabilityThe Price Close Probability Indicator is designed to help traders estimate the likelihood of price closing above or below specified levels within a given bar. By placing two levels on your chart, you can quickly gauge the probability of the current price bar closing above or below these levels in real-time. Key Features: Dynamic Probability Calculation: The indicator continuously updates the probability of price closing above or below your set levels as the current bar progresses, providing you with timely insights as the bar approaches its close. Customizable Standard Deviation : Adjust the length of the Standard Deviation used in the calculations to tailor the probability estimates to your preferred settings. User-Friendly Probability Table : A clean, easy-to-read table displays the calculated probabilities, helping you make informed trading decisions at a glance. Assumptions and Considerations: While the indicator assumes that returns are normally distributed, which may not fully reflect reality, it still offers a valuable approximation of the probabilities for price movement within the current bar. Future Enhancements (Coming Soon): Multi-Bar Probability: Calculate probabilities across multiple bars to enhance your forecasting capabilities. Additional Levels: Set more than two levels for a broader analysis of price movements. Refined Distribution Modeling: Improve the accuracy of probability calculations by adjusting for more realistic return distributions. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
مؤشر Pine Script®
من ‎QuantNomad‎
SPX Mapped Gaps [Mxwll]Hello traders 👋 This indicator "SPX Mapped Gaps" detects gaps from the SPX (or the trader's choice of index/asset) and plots them for the asset on your chart! Features Selectable comparison symbol Gaps from the selected symbol (SPX by default) are plotted for the asset on your chart - serving as potential support/resistance levels! Closest gaps from comparison symbol displayed in upper-right table Overlapped gaps deleted automatically - less clutter! How this script works The "SPX Mapped Gaps" is designed to help traders determine price levels for the asset on their chart where a major index (any asset) gapped up or down. Of course, a gap that occurs on SPX (4-digit price) is incompatible with the price chart of BTC (5-digit price). To circumvent this, the percentage distance of the gap from SPX is determined, and a gap level is drawn equidistantly (up/down) from the open price of the asset on your chart. With this method, the proportion of the gap is maintained at the price area it occurred for the asset on your chart! The image above outlines functionality for the indicator! Key points: Up gaps are denoted by green boxes Down gaps are denoted by red boxes All gaps are listed with their start and end price for the comparison asset (SPX for the example). These labels can be hidden at the user's discretion. Gaps are expected to act as support/resistance during their lifetime The image above explains the output of the script, including line style indications! Solid lines indicate that the leverage used for at your entry price constitutes an active trade. Dotted lines mean the trade has already achieved your profit target for that leverage, or stopped out. The image above explains the table attached to the indicator! This table displays the closest gaps to the current asset price. The status (up gap or down gap) from the gap to the current price is also detailed. Why are gaps on the SPX, or major index, relevant to BTC and other assets? When a gap on the major indices occurs, it's expected that strong aggregate buying or selling pressure will transpire for BTC and other coins. Due to this, the presence of a gap on a major index might correspond to increased activity on smaller market-cap assets with some degree of positive correlation to the index. Consequently, the price level for the asset at which a gap for the major index occurred may function as support/resistance for future price! That is all for this - thanks traders!
مؤشر Pine Script®
من ‎MXWLL-Capital-Trading‎
1
Support and Resistance [CryptoSea]The Support and Resistance Indicator is a powerful tool developed by CryptoSea for traders seeking to identify key market levels with precision. This script leverages advanced pivot and volume analysis to highlight support and resistance zones on the price chart. Key Features Multi-Source Pivot Analysis: Choose between wicks or body prices for calculating pivot points, providing flexibility in market analysis. Volume Spike Detection: Automatically identifies volume spikes using a customizable threshold multiplier, enhancing the accuracy of support and resistance levels. Dynamic Box Display: Configurable options for extending and graying out boxes based on price interaction, ensuring a clear visual representation of active and invalidated zones. In the example below, we see a resistance box formed based on wick highs and a volume spike. The box extends to where we see price rejecting from it. In the settings you can change this so the box will stop if price touches it if you prefer. How it Works Pivot Point Calculation: The script determines pivot highs and lows using either wicks or body prices over a specified term (Short, Medium, Long), corresponding to 5, 15, or 30 bars. Volume Analysis: Calculates average volume over twice the pivot length and identifies volume spikes exceeding the user-defined threshold, crucial for confirming support and resistance levels. Box Management: Maintains arrays of support and resistance boxes, limiting the number based on user settings (All, Recent Few, Recent Several). Settings Explained Source: Choose between 'Wicks' or 'Bodies' to determine whether pivot points are calculated using candle wicks or body prices. Pivot Term: Select 'Short' (5 bars), 'Medium' (15 bars), or 'Long' (30 bars) to adjust the distance for pivot calculation. Longer terms take more bars to confirm support/resistance. Volume Threshold (multiplier): Set a multiplier of average volume to detect volume spikes, essential for validating support/resistance levels. Extend Until Price Hits: Enable this to extend support/resistance boxes until the price touches them, providing dynamic levels. Gray Out Boxes Once Hit: Enable this to gray out the boxes once the price interacts with them, indicating that they are no longer active. Max Boxes Displayed: Choose 'All', 'Recent Few' (up to 3 boxes each for bull and bear), or 'Recent Several' (up to 10 boxes each for bull and bear) to control the number of visible boxes. Invalidate Condition: Select 'Touch' to invalidate a box when the price touches it or 'Through' to invalidate when the price passes entirely through the box. Candle Colors: Option to color candles based on neutral, bullish, or bearish conditions for easier visual analysis. Application Strategic Planning: Assists traders in pinpointing potential entry and exit points by marking significant support and resistance zones. Trend Confirmation: Validates trend strength and potential reversals with volume-based analysis of support and resistance levels. Customizable Settings: Tailors analysis to various trading strategies with extensive input settings for pivot source, term, volume threshold, and display preferences. The Support and Resistance Indicator by is an essential addition to any trader’s toolkit, offering robust and customizable market level analysis for improved trading decisions.
مؤشر Pine Script®
من ‎CryptoSeaTV‎
4
Liquidations [ChartPrime]Liquidations Indicator: The Liquidations indicator is a powerful tool designed to help traders identify significant liquidation levels in financial markets. By analyzing volume data over a specified lookback period, the indicator highlights potential areas where market participants with high leverage positions may face liquidation, providing valuable insights into market dynamics. Usage: Traders can use the Liquidations indicator to: ◈ Identify liquidity grab opportunities: Liquidation levels often attract price action as market participants with leveraged positions face the risk of forced liquidation. Traders can anticipate price movements as the market aims to trigger these stops, potentially leading to rapid price movements or reversals. ◈ Confirm trend strength: A cluster of liquidation levels in the same direction as the prevailing trend may confirm the strength of the trend, while divergences between liquidation levels and price movements may signal potential trend reversals. Settings: ◈ Previous Value Bars Back: Specifies the number of previous bars used in calculating the liquidation levels. ◈ Show Leverage: Allows users to selectively display liquidation levels for different leverage multiples, including 5x, 10x, 25x, 50x, and 100x. ◈ Liquidation Levels Width: Sets the width of the lines representing liquidation levels on the chart. ◈ Short Liquidations Color: Specifies the color of the lines representing short liquidation levels. ◈ Long Liquidations Color: Specifies the color of the lines representing long liquidation levels. ◈ Bar Color: Sets the color of the background bar when the indicator is active. Visual Representation: ◈ Liquidation levels are plotted as horizontal lines on the chart, with different colors representing short and long liquidation levels. ◈ Each liquidation level is labeled with the corresponding leverage multiple (e.g., 5x, 10x, etc.). A dashboard displays the active liquidation levels for each leverage multiple, allowing traders to quickly assess the current market conditions. ◈ Time Window allows users to cut off unnecessary part of the chart and concentrate on a current active part of the chart to make better trading decisions: Interpretation: Market participants tend to place stop-loss orders near liquidation levels , creating clusters of pending orders. As price approaches these levels, it may trigger a cascade of stop-loss orders, providing liquidity for market orders and potentially leading to rapid price movements in the opposite direction. Traders can anticipate price reversals or accelerations as price interacts with liquidation levels, using them as reference points for identifying potential entry or exit opportunities. Note: While the Liquidations indicator provides valuable insights into market dynamics, traders should use it in conjunction with other technical analysis tools and risk management strategies to make informed trading decisions.
مؤشر Pine Script®
من ‎ChartPrime‎
7
Periodic OHLHere is another experience on working with 'time' variable :) This script generates potential support and resistance levels based on daily, weekly, and monthly open, high, and low prices. In such indicators, security calls produce effective results. However, similar tasks can also be performed by built-in variables. This script serves as an example of how alternative methods can be constructed. The originality of the indicator is based on its ability to visualise the current open, high and low prices from the bar at which they occur. You can also display levels simultaneously. I hope it helps everyone... DISCLAIMER This is just an indicator, nothing more. It is provided for informational and educational purposes exclusively. The utilization of this script does not constitute professional or financial advice. The user solely bears the responsibility for risks associated with script usage. Do not forget to manage your risk. And trade as safely as possible. Best of luck!
مؤشر Pine Script®
من ‎dg_factor‎
3
Adaptive MFT Extremum Pivots [Elysian_Mind]Adaptive MFT Extremum Pivots Overview: The Adaptive MFT Extremum Pivots indicator, developed by Elysian_Mind, is a powerful Pine Script tool that dynamically displays key market levels, including Monthly Highs/Lows, Weekly Extremums, Pivot Points, and dynamic Resistances/Supports. The term "dynamic" emphasizes the adaptive nature of the calculated levels, ensuring they reflect real-time market conditions. I thank Zandalin for the excellent table design. --- Chart Explanation: The table, a visual output of the script, is conveniently positioned in the bottom right corner of the screen, showcasing the indicator's dynamic results. The configuration block, elucidated in the documentation, empowers users to customize the display position. The default placement is at the bottom right, exemplified in the accompanying chart. The deliberate design ensures that the table does not obscure the candlesticks, with traders commonly situating it outside the candle area. However, the flexibility exists to overlay the table onto the candles. Thanks to transparent cells, the underlying chart remains visible even with the table displayed atop. In the initial column of the table, users will find labels for the monthly high and low, accompanied by their respective numerical values. The default precision for these values is set at #.###, yet this can be adjusted within the configuration block to suit markets with varying degrees of volatility. Mirroring this layout, the last column of the table presents the weekly high and low data. This arrangement is part of the upper half of the table. Transitioning to the lower half, users encounter the resistance levels in the first column and the support levels in the last column. At the center of the table, prominently displayed, is the monthly pivot point. For a comprehensive understanding of the calculations governing these values, users can refer to the documentation. Importantly, users retain the freedom to modify these mathematical calculations, with the table seamlessly updating to reflect any adjustments made. Noteworthy is the table's persistence; it continues to display reliably even if users choose to customize the mathematical calculations, providing a consistent and adaptable tool for informed decision-making in trading. This detailed breakdown offers traders a clear guide to interpreting the information presented by the table, ensuring optimal use and understanding of the Adaptive MFT Extremum Pivots indicator. --- Usage: Table Layout: The table is a crucial component of this indicator, providing a structured representation of various market levels. Color-coded cells enhance readability, with blue indicating key levels and a semi-transparent background to maintain chart visibility. 1. Utilizing a Table for Enhanced Visibility: In presenting this wealth of information, the indicator employs a table format beneath the chart. The use of a table is deliberate and offers several advantages: 2. Structured Organization: The table organizes the diverse data into a structured format, enhancing clarity and making it easier for traders to locate specific information. 3. Concise Presentation: A table allows for the concise presentation of multiple data points without cluttering the main chart. Traders can quickly reference key levels without distraction. 4. Dynamic Visibility: As the market dynamically evolves, the table seamlessly updates in real-time, ensuring that the most relevant information is readily visible without obstructing the candlestick chart. 5. Color Coding for Readability: Color-coded cells in the table not only add visual appeal but also serve a functional purpose by improving readability. Key levels are easily distinguishable, contributing to efficient analysis. Data Values: Numerical values for each level are displayed in their respective cells, with precision defined by the iPrecision configuration parameter. Configuration: // User configuration: You can modify this part without code understanding // Table location configuration // Position: Table const string iPosition = position.bottom_right // Width: Table borders const int iBorderWidth = 1 // Color configuration // Color: Borders const color iBorderColor = color.new(color.white, 75) // Color: Table background const color iTableColor = color.new(#2B2A29, 25) // Color: Title cell background const color iTitleCellColor = color.new(#171F54, 0) // Color: Characters const color iCharColor = color.white // Color: Data cell background const color iDataCellColor = color.new(#25456E, 0) // Precision: Numerical data const int iPrecision = 3 // End of configuration The code includes a configuration block where users can customize the following parameters: Precision of Numerical Table Data (iPrecision): // Precision: Numerical data const int iPrecision = 3 This parameter (iPrecision) sets the precision of the numerical values displayed in the table. The default value is 3, displaying numbers in #.### format. Position of the Table (iPosition): // Position: Table const string iPosition = position.bottom_right This parameter (iPosition) sets the position of the table on the chart. The default is position.bottom_right. Color preferences Table borders (iBorderColor): // Color: Borders const color iBorderColor = color.new(color.white, 75) This parameters (iBorderColor) sets the color of the borders everywhere within the window. Table Background (iTableColor): // Color: Table background const color iTableColor = color.new(#2B2A29, 25) This is the background color of the table. If you've got cells without custom background color, this color will be their background. Title Cell Background (iTitleCellColor): // Color: Title cell background const color iTitleCellColor = color.new(#171F54, 0) This is the background color the title cells. You can set the background of data cells and text color elsewhere. Text (iCharColor): // Color: Characters const color iCharColor = color.white This is the color of the text - titles and data - within the table window. If you change any of the background colors, you might want to change this parameter to ensure visibility. Data Cell Background: (iDataCellColor): // Color: Data cell background const color iDataCellColor = color.new(#25456E, 0) The data cells have a background color to differ from title cells. You can configure this is a different parameter (iDataColor). You might even set the same color for data as for the titles if you will. --- Mathematical Background: Monthly and Weekly Extremums: The indicator calculates the High (H) and Low (L) of the previous month and week, ensuring accurate representation of these key levels. Standard Monthly Pivot Point: The standard pivot point is determined based on the previous month's data using the formula: PivotPoint = (PrevMonthHigh + PrevMonthLow + Close ) / 3 Monthly Pivot Points (R1, R2, R3, S1, S2, S3): Additional pivot points are calculated for Resistances (R) and Supports (S) using the monthly data: R1 = 2 * PivotPoint - PrevMonthLow S1 = 2 * PivotPoint - PrevMonthHigh R2 = PivotPoint + (PrevMonthHigh - PrevMonthLow) S2 = PivotPoint - (PrevMonthHigh - PrevMonthLow) R3 = PrevMonthHigh + 2 * (PivotPoint - PrevMonthLow) S3 = PrevMonthLow - 2 * (PrevMonthHigh - PivotPoint) --- Code Explanation and Interpretation: The table displayed beneath the chart provides the following information: Monthly Extremums: (H) High of the previous month (L) Low of the previous month // Function to get the high and low of the previous month getPrevMonthHighLow() => var float prevMonthHigh = na var float prevMonthLow = na monthChanged = month(time) != month(time ) if (monthChanged) prevMonthHigh := high prevMonthLow := low Weekly Extremums: (H) High of the previous week (L) Low of the previous week // Function to get the high and low of the previous week getPrevWeekHighLow() => var float prevWeekHigh = na var float prevWeekLow = na weekChanged = weekofyear(time) != weekofyear(time ) if (weekChanged) prevWeekHigh := high prevWeekLow := low Monthly Pivots: Pivot: Standard pivot point based on the previous month's data // Function to calculate the standard pivot point based on the previous month's data getStandardPivotPoint() => = getPrevMonthHighLow() pivotPoint = (prevMonthHigh + prevMonthLow + close ) / 3 Resistances: R3, R2, R1: Monthly resistance levels // Function to calculate additional pivot points based on the monthly data getMonthlyPivotPoints() => = getPrevMonthHighLow() pivotPoint = (prevMonthHigh + prevMonthLow + close ) / 3 r1 = (2 * pivotPoint) - prevMonthLow s1 = (2 * pivotPoint) - prevMonthHigh r2 = pivotPoint + (prevMonthHigh - prevMonthLow) s2 = pivotPoint - (prevMonthHigh - prevMonthLow) r3 = prevMonthHigh + 2 * (pivotPoint - prevMonthLow) s3 = prevMonthLow - 2 * (prevMonthHigh - pivotPoint) Initializing and Populating the Table: The myTable variable initializes the table with a blue background, and subsequent table.cell functions populate the table with headers and data. // Initialize the table with adjusted bgcolor var myTable = table.new(position = iPosition, columns = 5, rows = 10, bgcolor = color.new(color.blue, 90), border_width = 1, border_color = color.new(color.blue, 70)) Dynamic Data Population: Data is dynamically populated in the table using the calculated values for Monthly Extremums, Weekly Extremums, Monthly Pivot Points, Resistances, and Supports. // Add rows dynamically with data = getPrevMonthHighLow() = getPrevWeekHighLow() = getMonthlyPivotPoints() --- Conclusion: The Adaptive MFT Extremum Pivots indicator offers traders a detailed and clear representation of critical market levels, empowering them to make informed decisions. However, users should carefully analyze the market and consider their individual risk tolerance before making any trading decisions. The indicator's disclaimer emphasizes that it is not investment advice, and the author and script provider are not responsible for any financial losses incurred. --- Disclaimer: This indicator is not investment advice. Trading decisions should be made based on a careful analysis of the market and individual risk tolerance. The author and script provider are not responsible for any financial losses incurred. Kind regards, Ely
مؤشر Pine Script®
من ‎Elysian_Mind‎
2
Delta Zones Buy/Sell PressureScript Description: Delta Zones Buy/Sell Pressure Indicator Description: The "Delta Zones Buy/Sell Pressure" indicator, created by the original author "scarf", is a technical tool that unveils key areas of buying and selling pressure in the market. This indicator utilizes the concept of Delta, calculating differences between open, close, high, and low prices. When these differences exceed a threshold determined by the user-defined standard deviation, areas of intense buying (indicated by green boxes) and selling pressure (indicated by red boxes) on the chart are identified. How It Works: The indicator calculates Delta using various combinations of candle prices to determine buying and selling pressure. When Delta surpasses a certain level, indicated by the user-defined standard deviation, visual signals in the form of boxes on the chart are generated. These boxes highlight specific areas where buying or selling pressure is particularly strong, aiding traders in identifying potential entry and exit points in the market. How to Use: * When a green box is drawn, it indicates strong buying pressure in the market. This can be interpreted as a signal to consider long positions. * When a red box is drawn, it indicates strong selling pressure in the market. This can be interpreted as a signal to consider short positions. * Use these signals in combination with your own analysis and risk management strategies to make informed trading decisions. Originality: What makes this indicator original is its unique approach to identifying specific areas of buying and selling pressure. By calculating Delta in multiple ways and utilizing standard deviation as a filter, this indicator provides clear and concise visual signals about market activity. The combination of these features distinguishes it as a valuable tool for traders seeking a better understanding of market behavior. This modification differs from the original by displaying the information on the price chart with horizontal bars, below each delta, instead of an oscillator at the bottom similar to the volume indicator. Final Recommendations: Consider Market Trends: Before making any trading decisions using the Delta Zones Buy/Sell Pressure Indicator, it is crucial to analyze the prevailing market trends. Assess the overall direction of the market, whether it's trending upward, downward, or moving sideways. Align your trades with the dominant trend to increase the probability of successful outcomes. The indicator's signals can be more reliable when they align with the broader market trend. Evaluate Macro-Economic Factors: Additionally, take into account macro-economic factors that could influence price movements. Factors such as economic indicators, geopolitical events, interest rate decisions, and global market sentiments can significantly impact the financial markets. Stay updated with relevant news and economic reports to anticipate potential market shifts. Understanding the broader economic context can help you interpret the indicator's signals within a more informed framework. Practice Risk Management: Regardless of the signals provided by the Delta Zones Buy/Sell Pressure Indicator, always implement effective risk management strategies. This includes setting stop-loss orders, diversifying your portfolio, and only risking a small percentage of your trading capital on each trade. By managing your risk, you can protect your investments and ensure longevity in the market, even during volatile periods. Continuous Learning and Adaptation: Financial markets are dynamic and constantly evolving. Continuously educate yourself about new trading strategies, technical analysis tools, and economic developments. Stay open to adapting your trading approach based on changing market conditions. Regularly reviewing your trading strategy and adjusting it according to your experiences and market feedback can significantly enhance your trading performance over the long term. Seek Professional Advice if Necessary: If you are uncertain about specific market trends, indicators, or economic factors, don't hesitate to seek guidance from financial advisors or professionals. Their expertise can provide valuable insights and help you make well-informed decisions, especially in complex or uncertain market environments. By incorporating these recommendations into your trading approach, you can enhance your decision-making process, mitigate risks, and increase your overall chances of successful trading outcomes. Remember, the key to successful trading lies not only in the tools you use but also in your ability to interpret them within the broader market context.
مؤشر Pine Script®
من ‎NathanTradeus‎
71
Support Resistance Classification (VR) [LuxAlgo]The Support Resistance Classification (VR) indicator shows SR levels on any chart's visible range using higher time-frame data (HTF). Levels are classified 1 through 10 based on their strength, with lower values indicating stronger support/resistance levels. This indicator uses visible range functionality, whereas if you adjust your chart to show previous price data, the indicator may show new levels. 🔶 USAGE Certain indicators on higher timeframes can provide longer term support/resistance levels on lower timeframes. Users can use the provided levels on a chart visible range and use them as reference for future support/resistance levels. The classification algorithm measures the strength of a support/resistance level using the entire chart visible range and is in a range of 1 to 10, with higher values indicating a weaker support/resistance. Supports/resistances highlighted by the indicator can be used for future applications by marking them on the chart (quickly done with alt + h). 🔶 DETAILS All calculations are based on what you see on the Visible Chart, as such changing the chart will recalculate the indicator. Since only Swings which are not broken are included, every break would exclude that swing. Therefore, even when 'value' is chosen at Settings ('Value'), breaks are always calculated on the entire line. 🔶 SETTINGS Fade: After x breaks the line becomes invisible Value: value:     • SMA, upper/lower: the breaks are triggered on the moving average itself     • Fibonacci Pivot Point levels, Previous High, Previous Low: only last HTF values can be used for breaks     • Swings (see SWING SETTINGS) line:     • SMA, upper/lower: the breaks are triggered on the entire line, based on its latest value     • Fibonacci Pivot Point Levels, Previous High, Previous Low: breaks are triggered on the entire line, based on its latest value     • Swings (see SWING SETTINGS) 🔹 Swing Settings Swings are always calculated at current timeframe, setting a HTF is not applicable on Swings. Left/Right: for Swing calculation ( pivothigh , pivotlow ) Show: enables you to see the pivot points 🔹 Set N°: The concerning number TYPE:     • SMA (Simple Moving Average)     • Previous High/Low     • Upper/Lower ( Bollinger Bands )     • Pivot Point levels : "Fibonacci" LENGTH: sets the 'Number of bars', needed for calculations (applicable for SMA, upper/lower) MULT: sets the 'Standard deviation factor' (only applicable for upper/lower - BB) HTF: sets 'Higher Time Frame' (applicable for SMA, upper/lower, Previous High/Low, Fibonacci) 🔹 Show Values You can make up to 5 values visible (if you want to check/verify), except for Swings (see SWING SETTINGS) To do so, enable (A -> E), and choose the N° you want to see. This also is a useful tool if you're not sure which value you want to set.
مؤشر Pine Script®
من ‎LuxAlgo‎
20
Buyside & Sellside Liquidity [LuxAlgo]The Buyside & Sellside Liquidity indicator aims to detect & highlight the first and arguably most important concept within the ICT trading methodology, Liquidity levels. 🔶 SETTINGS 🔹 Liquidity Levels Detection Length: Lookback period Margin: Sets margin/sensitivity for a liquidity level detection 🔹 Liquidity Zones Buyside Liquidity Zones: Enables display of the buyside liquidity zones. Margin: Sets margin/sensitivity for the liquidity zone boundaries. Color: Color option for buyside liquidity levels & zones. Sellside Liquidity Zones: Enables display of the sellside liquidity zones. Margin: Sets margin/sensitivity for the liquidity zone boundaries. Color: Color option for sellside liquidity levels & zones. 🔹 Liquidity Voids Liquidity Voids: Enables display of both bullish and bearish liquidity voids. Label: Enables display of a label indicating liquidity voids. 🔹 Display Options Mode: Controls the lookback length of detection and visualization, where Present assumes last 500 bars and Historical assumes all data available to the user # Visible Levels: Controls the amount of the liquidity levels/zones to be visualized. 🔶 USAGE Definitions of Liquidity refer to the availability of orders at specific price levels in the market, allowing transactions to occur smoothly. In the context of Inner Circle Trader's teachings, liquidity mainly relates to stop losses or pending orders and liquidity level/pool, highlighting a concentration of buy or sell orders at specific price levels. Smart money traders, such as banks and other large institutions, often target these liquidity levels/pools to accumulate or distribute their positions. There are two types of liquidity; Buyside liquidity and Sellside liquidity . Buyside liquidity represents a level on the chart where short sellers will have their stops positioned, and Sellside liquidity represents a level on the chart where long-biased traders will place their stops. These areas often act as support or resistance levels and can provide trading opportunities. When the liquidity levels are breached at which many stop/limit orders are placed have been traded through, the script will create a zone aiming to provide additional insight to figure out the odds of the next price action. Reversal: It’s common that the price may reverse course and head in the opposite direction, seeking liquidity at the opposite extreme. Continuation: When the zone is also broken it is a sign for continuation price action. It's worth noting that ICT concepts are specific to the methodology developed by Michael J. Huddleston and may not align with other trading approaches or strategies. 🔶 DETAILS Liquidity voids are sudden changes in price when the price jumps from one level to another. Liquidity voids will appear as a single or a group of candles that are all positioned in the same direction. These candles typically have large real bodies and very short wicks, suggesting very little disagreement between buyers and sellers. The peculiar thing about liquidity voids is that they almost always fill up. 🔶 ALERTS When an alert is configured, the user will have the ability to be notified in case; Liquidity level is detected/updated. Liquidity level is breached. 🔶 RELATED SCRIPTS ICT-Concepts ICT-Macros Imbalance-Detector
مؤشر Pine Script®
من ‎LuxAlgo‎
54
Bar Move Probability (BMP)Hello fellow traders! I am excited to share with you my latest creation, the Bar Move Probability (BMP) indicator. This powerful tool is designed to give you a statistical edge in your trading by helping you understand the likelihood of price movements based on historical data. In this blog post, I'll give you an overview of the indicator, its features, and how it can help you make more informed trading decisions. Let's dive in! What is the Bar Move Probability Indicator? The Bar Move Probability (BMP) indicator is a unique tool that calculates the probability of a bar's price movement, either up or down, based on past occurrences of similar price movements. This can give you valuable insights into the potential direction of the market, allowing you to make better-informed trading decisions. One of the key features of the BMP indicator is that it allows you to choose the price you want to determine the probability of. By inputting your desired price, the indicator will analyze historical data and provide you with the likelihood of reaching that price, offering a more personalized approach to trading. How Does the BMP Indicator Work? The BMP indicator calculates the probability of a bar's price movement by comparing the current price change (in percentage) to historical price changes. It does this by maintaining separate arrays for green (bullish) and red (bearish) price movements, as well as corresponding arrays for the count of each movement. Whenever a new bar is formed, the indicator checks whether the price movement (in percentage) is already present in the respective array. If it is, the corresponding count is updated. Otherwise, a new entry is added to the array, with an initial count of 1. After analyzing the historical data, the BMP indicator calculates the probability of each price movement by dividing the count of each movement by the sum of all counts. These probabilities are then stored in separate arrays for green and red movements. Finally, the indicator displays the probability of the current price movement as a label on the chart. The label is color-coded, with green indicating a bullish price movement and red indicating a bearish price movement. How Can the BMP Indicator Benefit Your Trading? The primary benefit of the BMP indicator is its ability to provide you with a statistical edge in your trading. By analyzing historical price data, the indicator helps you understand the likelihood of a certain price movement occurring, allowing you to make more informed decisions about your trades. The customizable nature of the BMP indicator, allowing you to input your desired price, makes it a valuable tool for traders with specific price targets in mind. By understanding the probability of reaching your target price, you can better manage your risk and optimize your trading strategy. For example, suppose the BMP indicator shows a high probability of a bullish price movement towards your target price. In that case, you may consider entering a long position or tightening your stop loss on an existing short position. Conversely, if the indicator displays a high probability of a bearish price movement away from your target price, you may consider entering a short position or taking profit on an existing long position. The BMP indicator can be used in conjunction with other technical analysis tools and indicators to further strengthen your trading strategy. For example, you can combine the BMP indicator with support and resistance levels, trend lines, and moving averages to better time your entries and exits. Wrapping Up In conclusion, the Bar Move Probability (BMP) indicator is a powerful and customizable tool that can help you gain a statistical edge in your trading. By analyzing historical price data and allowing you to input your desired price, the indicator provides valuable insights into the likelihood of price movements, enabling you to make better-informed trading decisions. I hope you find the BMP indicator useful
مؤشر Pine Script®
من ‎The_Peaceful_Lizard‎
2
Range Sentiment Profile [LuxAlgo]The Range Sentiment Profile indicator is inspired from the volume profile and aims to indicate the degree of bullish/bearish variations within equidistant price areas inside the most recent price range. The most bullish/bearish price areas are highlighted through lines extending over the entire range. 🔶 SETTINGS Length: Most recent bars used for the calculation of the indicator. Rows: Number of price areas the price range is divided into. Use Intrabar: Use intrabar data to compute the range sentiment profile. Timeframe: Intrabar data timeframe. 🔶 USAGE This tool can be used to easily determine if a certain price area contain more significant bullish or bearish price variations. This is done by obtaining an estimate of the accumulation of all the close to open variations occurring within a specific profile area. A blue range background indicates a majority of bullish variations within each area while an orange background indicates a majority of bearish variations within each area. Users can easily identify the areas with the most bullish/bearish price variations by looking at the bullish/bearish maximums. It can be of interest to see where profile bins might have no length, these can indicate price areas with price variations with alternating signs (bullish variations are followed by a bearish sign) and similar body. They can also indicate a majority of either bullish or bearish variations alongside a minority of more significant opposite variations. These areas can also provide support/resistance, as such price entering these areas could reverse. Users can obtain more precise results by allowing the profile to use intrabar data. This will change the calculation of the profile, see the details section for more information. 🔶 DETAILS The Range Sentiment Profile's design is similar to the way a volume profile is constructed. First the maximum/minimum values over the most recent Length bars are obtained, these define the calculation range of the profile. The range is divided into Rows equidistant areas. We then see if price lied within a specific area, if it's the case we accumulate the difference between the closing and opening price for that specific area. Let d = close - open . The length of the bin associated to a specific area is determined as follows: length = Width / 100 * Area / Max Where Area is the accumulated d within the area, and Max the maximum value between the absolute value of each accumulated d of all areas. The percentage visible on each bin is determined as 100 multiplied by the accumulated d within the area divided by the total absolute value of d over the entire range. 🔹 Intrabar Calculation When using intrabar data the range sentiment profile is calculated differently. For a specific area and candle within the interval, the accumulated close to open difference is accumulated only if the intrabar candle of the user selected timeframe lies within the area. This can return more precise results compared to the standard method, at the cost of a higher computation time.
مؤشر Pine Script®
من ‎LuxAlgo‎
38
The Perfect Support & ResistanceSupport & Resistance drawn based on overbought & oversold RSI . where the overbought acts as resistance and oversold acts as support. It has 2 levels (for support and resistance - i call them level_n_high or level_n_low) for each lookback period. it checks the highest pivot and the lowest pivot based on the lookback period then we compare if rsi is higher than the highest pivot or the lowest pivot and we also check if rsi is overbought or oversold and if the statement is true, then we assign the high to the variable level_n_high or level_n_low. n being the number of levels. in total there are 5 levels with both high & low for 5 lookback periods. This is basically how the code works. these levels can be accessed at any timeframe. the defaults are 5m and 30m. RSI settings: (default) ------------------- length - 14 source - close overbought - 70 oversold - 30 lookback settings: (default) --------------------- lookback_0 - 200 lookback_1 - 100 lookback_2 - 50 lookback_3 - 20 lookback_4 - 10 Timeframe Settings: (default) ------------------- htf1 - 5m htf2 - 30m Enjoy!
مؤشر Pine Script®
من ‎Yidu_A_S_O_T_L_J_C‎
1