IDKFAIDKFA - Advanced Order Blocks & Volume Profile with Market Structure Analysis
Why IDKFA?
Named after the legendary DOOM cheat code that gives players "all weapons and full ammo," IDKFA provides traders with a comprehensive arsenal of market analysis tools. Just as the cheat code arms players with everything needed for combat, this indicator equips traders with essential market structure tools: Order Blocks, Volume Profile, LVN/HVN areas, Fibonacci retracements, and intelligent buy/sell signals - all in one unified system.
Core Features
Order Blocks Detection
Automatically identifies institutional order blocks using pivot high/low analysis
Extends blocks dynamically until price interaction occurs
Bullish blocks (demand zones) and bearish blocks (supply zones)
Customizable opacity and extend functionality
Advanced Volume Profile
Real-time volume profile calculation for multiple session types
Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL)
Mode 1: Side-by-side bull/bear volume display
Mode 2: Overlapped volume display with percentage analysis
Shows buying vs selling pressure at each price level
LVN/HVN Area Detection
Low Volume Nodes (LVN): Areas below VAL where price moves quickly
High Volume Nodes (HVN): Areas above VAH with strong resistance
NPOC (Naked Point of Control): Single print areas within Value Area
Volume-based gradient coloring shows relative activity levels
Smart Fibonacci Retracements
Auto-detects trend direction for proper fibonacci orientation
Dynamic color coding: Red levels in uptrends, Gold in downtrends
Special 88.6% level turns lime green in downtrends
Key levels: 23.6%, 38.2%, 50%, 61.8%, 65%, 78.6%, 88.6%
Intelligent Signal System
Works best on higher timeframes
Identifies high-probability reversal setups at key levels
Buy signals: Large bearish rejection followed by bullish reclaim
Sell signals: Large bullish rejection followed by bearish breakdown
Signals only trigger near significant support/resistance areas
Signal Analysis & Usage Guidelines
Buy Signal Mechanics
The buy signal triggers when:
Previous candle shows significant bearish movement (minimum ATR multiplier)
Current candle reclaims a configurable percentage of the previous candle's range
Price is near a key support level (order blocks, fibonacci, volume levels)
Sell Signal Mechanics
The sell signal triggers when:
Previous candle shows significant bullish movement (minimum ATR multiplier)
Current candle rejects below a configurable percentage of the previous candle's range
Price is near a key resistance level (order blocks, fibonacci, volume levels)
When to TAKE Signals
High Probability Buy Signals:
Signal appears AT or BELOW the VAL (Value Area Low)
Signal occurs at bullish order block confluence
Price is in LVN area below VAL (momentum acceleration zone)
Signal aligns with fibonacci 61.8% or 78.6% support
Multiple session POC levels provide support confluence
Previous session's VAL acting as current support
High Probability Sell Signals:
Signal appears AT or ABOVE the VAH (Value Area High)
Signal occurs at bearish order block confluence
Price is in HVN area above VAH (heavy resistance zone)
Signal aligns with fibonacci 61.8% or 78.6% resistance
Multiple session POC levels provide resistance confluence
Previous session's VAH acting as current resistance
When to AVOID Signals
Avoid Buy Signals When:
Signal appears ABOVE the VAH (buying into resistance)
Price is in HVN red zones (high volume resistance areas)
No clear support structure below current price
Volume profile shows heavy selling pressure (high bear percentages)
Signal occurs during low-volume periods between major sessions
Multiple bearish order blocks exist below current price
Avoid Sell Signals When:
Signal appears BELOW the VAL (selling into support)
Price is in LVN green zones (momentum could continue)
No clear resistance structure above current price
Volume profile shows heavy buying pressure (high bull percentages)
Signal occurs during Asian session ranges without clear direction
Multiple bullish order blocks exist above current price
Volume Profile Context for Signals
Understanding Bull/Bear Percentages:
70%+ Bull dominance at a level = Strong support expected
70%+ Bear dominance at a level = Strong resistance expected
50/50 Split = Neutral zone, less predictable
Use percentages to gauge conviction behind moves
POC (Point of Control) Interactions:
Signals above POC in uptrend = Higher probability
Signals below POC in downtrend = Higher probability
Signals against POC bias require extra confirmation
POC often acts as magnetic level for price return
Trading Strategies
Strategy 1: VAL/VAH Bounce Strategy
Wait for price to approach VAL (support) or VAH (resistance)
Look for signal confirmation at these critical levels
Enter with tight stops beyond the Value Area
Target opposite boundary or next session's levels
Strategy 2: Order Block + Volume Confluence
Identify order block alignment with VAL/VAH
Wait for signal within the confluence zone
Enter on signal with stop beyond order block
Use LVN areas as acceleration zones for targets
Strategy 3: LVN/HVN Strategy
LVN (Green) Areas: "Go Zones" - expect quick price movement through low volume
HVN (Red) Areas: "Stop Zones" - expect resistance and potential reversals
NPOC Areas: "Fill Zones" - price often returns to fill single print gaps
Strategy 4: Multi-Session Analysis
Use Daily/Weekly for major structure context
Use 4H for intermediate levels
Use 1H for precise entry timing
Ensure all timeframes align before taking signals
Strategy 5: Fibonacci + Volume Profile
Buy signals at 61.8% or 78.6% fibonacci near VAL
Sell signals at 61.8% or 78.6% fibonacci near VAH
Use 88.6% level as final support/resistance before major moves
50% level often aligns with POC for confluence
Signal Quality Assessment
Grade A Signals (Highest Probability):
Signal at VAL/VAH with order block confluence
Fibonacci level alignment (61.8%, 78.6%)
Volume profile shows 70%+ dominance in signal direction
Multiple timeframe structure alignment
Signal occurs during high-volume sessions (London/NY)
Grade B Signals (Moderate Probability):
Signal near POC with some confluence
Fibonacci 50% or 38.2% alignment
Mixed volume profile readings (50-70% dominance)
Some timeframe alignment present
Signal during overlap sessions
Grade C Signals (Lower Probability):
Signal with minimal confluence
Weak fibonacci alignment or none
Volume profile neutral or against signal
Conflicting timeframe signals
Signal during low-volume periods
Risk Management Guidelines
Position Sizing Based on Signal Quality:
Grade A: Standard position size
Grade B: Reduced position size (50-75%)
Grade C: Minimal position size (25%) or skip entirely
Stop Loss Placement:
Beyond order block boundaries
Outside Value Area (VAL/VAH)
Below/above fibonacci confluence levels
Account for session volatility ranges
Profit Targets:
First target: Opposite VAL/VAH boundary
Second target: Next session's key levels
Final target: Major order blocks or fibonacci extensions
Credits & Attribution
Original components derived from:
Market Sessions & Volume Profile by © Leviathan (Mozilla Public License 2.0)
Volume Profile elements inspired by @LonesomeTheBlue's volume profile script
Pivot Order Blocks by TradingWolf / © MensaTrader (Mozilla Public License 2.0)
Auto Fibonacci Retracement code (public domain)
Significant enhancements and modifications include:
Advanced LVN/HVN detection and visualization
Bull/Bear percentage analysis for Mode 2/3
Comprehensive alert system with market context
Integrated buy/sell signals at key levels
Performance optimizations and extended session support
Enhanced Mode 2/3 with percentage pressure analysis
Important Disclaimers
This indicator is a technical analysis tool designed for educational purposes. It does not provide financial advice, investment recommendations, or trading signals that guarantee profits. All trading involves substantial risk of loss, and past performance does not guarantee future results. Users should conduct their own research, understand the risks involved, and consider consulting with qualified financial advisors before making trading decisions. The signals and analysis provided are based on historical price patterns and volume data, which may not predict future market movements accurately.
Best Practices
Never trade signals blindly - always consider volume profile context
Wait for confluence between multiple tools before entering
Respect the Value Area - avoid buying above VAH or selling below VAL
Use session context - Asian ranges vs London/NY breakouts
Practice proper risk management - position size based on signal quality
Understand the bigger picture - use multiple timeframes for context
Remember: Like the IDKFA cheat code, having all the tools doesn't guarantee success. The key is learning to use them together effectively and understanding when NOT to take a signal is often more important than knowing when to take one.
ابحث في النصوص البرمجية عن "support resistance"
Future is hereOverview
"Future is Here" is an original, multi-faceted Pine Script indicator designed to provide traders with a comprehensive toolset for identifying high-probability trading opportunities. By integrating volatility-based entry zones, trend-based price targets, momentum confirmation, dynamic support/resistance levels, and risk-reward ratio (RRR) calculations, this indicator offers a cohesive and actionable trading framework. Each feature is carefully designed to complement the others, ensuring a synergistic approach that enhances decision-making across various market conditions. This script is unique in its ability to combine these elements into a single, streamlined interface with clear visual cues and customizable alerts, making it suitable for both novice and experienced traders.
Key Features and How They Work Together
Volatility-Based Entry Zones
Purpose: Identifies overbought and oversold conditions using a volatility-adjusted moving average, helping traders spot potential reversal zones.
Mechanism: Utilizes a user-defined volatility length and multiplier to calculate dynamic overbought/oversold thresholds based on the standard deviation of price. Crossovers and crossunders of these levels trigger "Buy Zone" or "Sell Zone" labels.
Synergy: These zones act as the foundation for entry signals, which are later confirmed by momentum and trend filters to reduce false signals.
Trend-Based Price Targets
Purpose: Projects potential price targets based on the prevailing trend, giving traders clear objectives for profit-taking.
Mechanism: Combines a fast and slow moving average to determine trend direction, then calculates target prices using a multiplier of the price deviation from the slow MA. Labels display bullish or bearish targets when the fast MA crosses the slow MA.
Synergy: Works in tandem with entry zones and momentum signals to align targets with market conditions, ensuring traders aim for realistic price levels supported by trend strength.
Momentum Confirmation
Purpose: Validates entry signals by assessing momentum strength, filtering out weak setups.
Mechanism: Uses the momentum indicator to detect bullish or bearish momentum crossovers, labeling them as "Strong" or "Weak" based on a comparison with a smoothed momentum average.
Synergy: Enhances the reliability of buy/sell signals by ensuring momentum aligns with volatility zones and trend direction, reducing the risk of premature entries.
Dynamic Support/Resistance Levels
Purpose: Highlights key price levels where the market is likely to react, aiding in trade planning and risk management.
Mechanism: Detects pivot highs and lows over a user-defined lookback period, drawing horizontal lines for the most recent support and resistance levels (limited to two each for clarity). Labels mark these levels with price values.
Synergy: Complements entry zones and price targets by providing context for potential reversal or continuation points, helping traders set logical stop-losses or take-profits.
Buy/Sell Signals with Risk-Reward Ratios
Purpose: Generates precise buy/sell signals with integrated take-profit (TP), stop-loss (SL), and RRR calculations for disciplined trading.
Mechanism: Combines volatility zone crossovers, trend confirmation, and positive momentum to trigger signals. ATR-based TP and SL levels are calculated, and the RRR is displayed in labels for quick assessment.
Synergy: This feature ties together all previous components, ensuring signals are only generated when volatility, trend, and momentum align, while providing clear risk-reward metrics for trade evaluation.
Customizable Alerts
Purpose: Enables traders to stay informed of trading opportunities without constant chart monitoring.
Mechanism: Alert conditions are set for buy and sell signals, delivering notifications with the entry price for seamless integration into trading workflows.
Synergy: Enhances usability by allowing traders to act on high-probability setups identified by the indicator’s combined logic.
Originality
"Future is Here" is an original creation that distinguishes itself through its holistic approach to technical analysis. Unlike single-purpose indicators, it integrates volatility, trend, momentum, and support/resistance into a unified system, reducing the need for multiple scripts. The inclusion of RRR calculations directly in signal labels is a unique feature that empowers traders to evaluate trade quality instantly. The script’s design emphasizes clarity and efficiency, with cooldowns to prevent label clutter and a limit on support/resistance lines to maintain chart readability. This combination of features, along with its customizable parameters, makes it a versatile and novel tool for traders seeking a robust, all-in-one solution.
How to Use
Setup: Add the indicator to your TradingView chart and adjust input parameters (e.g., Volatility Length, Trend Length, TP/SL Multipliers) to suit your trading style and timeframe.
Interpretation:
Look for "Buy Zone" or "Sell Zone" labels to identify potential entry points.
Confirm entries with "Bull Mom" or "Bear Mom" labels and trend direction (Bull/Bear Target labels).
Use Support/Resistance lines to set logical TP/SL levels or anticipate reversals.
Evaluate Buy/Sell signals with TP, SL, and RRR for high-probability trades.
Alerts: Set up alerts for Buy/Sell signals to receive real-time notifications.
Customization: Fine-tune multipliers and lengths to adapt the indicator to different markets (e.g., stocks, forex, crypto) or timeframes.
Breakout Confirmation🔍 Indicator Name: Breakout Confirmation (Body + Volume)
📌 Purpose:
This indicator is designed to detect high-probability breakout setups based on price structure and volume strength. It identifies moments when the market breaks through a key support or resistance level, confirmed by two consecutive strong candles with large real bodies and high volume.
⚙️ How It Works
1. Support and Resistance Detection
The indicator uses pivot points to identify potential horizontal support and resistance levels.
A pivot high or pivot low is considered valid if it stands out over a configurable number of candles (default: 50).
Only the most recent valid support and resistance levels are tracked and displayed as horizontal lines on the chart.
2. Breakout Setup
The breakout condition is defined as:
First Candle (Breakout Candle):
Large body (compared to the recent body average)
High volume (compared to the recent volume average)
Must close beyond a resistance or support level:
Close above resistance (bullish breakout)
Close below support (bearish breakout)
Second Candle (Confirmation Candle):
Also must have a large body and high volume
Must continue in the direction of the breakout (i.e., higher close in bullish breakouts, lower close in bearish ones)
3. Signal Plotting
If both candles meet the criteria, the indicator plots:
A green triangle below the candle for bullish breakouts
A red triangle above the candle for bearish breakouts
📈 How to Interpret the Signals
✅ Green triangle below a candle:
Indicates a confirmed bullish breakout.
The price has closed above a recent resistance level with strength.
The trend may continue higher — possible entry for long positions.
🔻 Red triangle above a candle:
Indicates a confirmed bearish breakout.
The price has closed below a recent support level with strength.
Potential signal to enter short or exit long positions.
⚠️ The plotted horizontal lines show the last key support and resistance levels. These are the zones being monitored for breakouts.
📊 How to Use It
Timeframe: Works best on higher timeframes (1H, 4H, Daily), but can be tested on any chart.
Entry: Consider entries after the second candle confirms the breakout.
Stop Loss:
For longs: Below the breakout candle or the broken resistance
For shorts: Above the breakout candle or broken support
Take Profit:
Based on previous structure, risk:reward ratios, or using trailing stops.
Filter with Trend or Other Indicators (optional):
You can combine this with moving averages, RSI, or market structure for confluence.
🛠️ Customization Parameters
lengthSR: How many candles to look back for identifying support/resistance pivots.
volLength: Length of the moving average for volume and body size comparison.
bodyMultiplier: Multiplier threshold to define a “large” body.
volMultiplier: Multiplier threshold to define “high” volume.
✅ Ideal For:
Price action traders
Breakout traders
Traders who use volume analysis
Anyone looking to automate the detection of breakout + confirmation setups
Support & Resistance External/Internal & BoS [sgbpulse]Market Structure Support & Resistance External/Internal & BoS
Overview: Smart & Fast Market Structure Analysis
The Market Structure "Support & Resistance External/Internal & BoS " indicator is designed to empower your technical analysis by automatically and precisely identifying significant support and resistance levels. It achieves this by pinpointing high and low Pivot Points, plus key Pre-Market High/Low levels.
Its unique strength lies in its dynamic adaptability to any timeframe and any asset you choose. This tool analyzes the relevant market structure for the current timeframe and asset, providing you with accurate and relevant levels in real-time. The indicator maintains a clean chart and swiftly displays all support, resistance, and Pre-Market levels for any asset, saving valuable analysis time and enabling you to get a clear and quick snapshot of the market.
How the Indicator Works
The indicator identifies and displays three critical types of key levels:
External Pivots: These are more significant pivot points, indicating important reversal points across a broader range of price movement, considering the current timeframe. The indicator draws dark green support lines (for low pivots) and dark red resistance lines (for high pivots) from these points.
Internal Pivots: These are shorter-term pivot points, signifying smaller corrections or reversals within the overall structure of the current timeframe. These lines provide additional areas of interest within the ranges of the External Pivots.
Pre-Market High/Low Levels: The indicator displays the High and Low reached during pre-market hours as distinct lines on the chart. Please note: These levels will only appear when the selected timeframe is lower than one day (e.g., 1-hour, 15-minute) and provided that the "Session extended trading hours" option is enabled in your TradingView chart settings. These levels are crucial for identifying potential opening ranges and critical support/resistance areas upon regular market open, especially for intraday trading.
Break of Structure (BoS) Identification
A key feature of this indicator is its ability to identify Break of Structure (BoS). When a support or resistance line is breached, the indicator changes the line's color to gray and displays a "Break of Structure" label, indicating a potential trend change or continuation:
External BoS: When an external support/resistance line is broken, a "BoS" label in red will appear. This is a strong signal for a potential shift in the primary market structure or a strong trend continuation.
Internal BoS: When an internal support/resistance line is broken, an "iBoS" label in green will appear. This indicates a break within the existing market structure, which can be used to confirm direction or identify shorter-term entry/exit opportunities.
Full Indicator Customization
The indicator provides maximum flexibility to suit any trading style and timeframe:
Number of Lines Displayed: You can choose how many support and resistance lines you want to see on your chart. The default is 15 lines, but you can increase or decrease this number according to your needs and desired level of detail.
External Pivot Settings: Define the number of bars before and after a pivot point required for External Pivot identification.
Internal Pivot Settings: Define the number of bars before and after a pivot point required for Internal Pivot identification.
Color Customization: Full control over colors! You can change the colors of the support and resistance lines, the colors of the Pre-Market levels, and also the colors of the BoS and iBoS labels to create a visual appearance that perfectly matches your personal preferences.
This flexibility allows you to adapt the indicator to your trading style and any timeframe you operate in, without needing to manually change settings each time.
Recommended Uses
Clean Chart & Quick Analysis: The indicator displays important levels clearly, enabling quick identification of areas of interest without visual clutter on the chart. This significantly saves analysis time and allows you to make faster decisions.
Critical Levels for Any Timeframe & Asset: Get precise and adaptive support and resistance, plus essential Pre-Market levels (in relevant timeframes), for any timeframe and on any asset you choose.
Trend Direction Identification: Clear support and resistance lines help understand market structure.
Breakout Confirmation: The BoS label provides visual confirmation of key level breaches, helping to confirm potential trend changes.
Locating Entry & Exit Points: Use these levels as potential areas of interest for trades, after confirming a breakout or reversal.
Finding Stop-Loss & Take-Profit Points: Strategically place protective stops and profit targets around these support and resistance levels.
Important Note
Like any technical indicator, Market Structure "Support & Resistance External/Internal & BoS " is a supplementary tool. It's highly recommended to use it in conjunction with additional analysis methods (such as price action analysis, other indicators, and fundamental analysis) for informed trading decisions. Financial markets are dynamic, and trading always carries inherent risk.
Timeframe Resistance Evaluation And Detection - CoffeeKillerTREAD - Timeframe Resistance Evaluation And Detection Guide
🔔 Important Technical Limitation 🔔
**This indicator does NOT fetch true higher timeframe data.** Instead, it simulates higher timeframe levels by aggregating data from your current chart timeframe. This means:
- Results will vary depending on what chart timeframe you're viewing
- Levels may not match actual higher timeframe candle highs/lows
- You might miss important wicks or gaps that occurred between chart timeframe bars
- **Always verify levels against actual higher timeframe charts before trading**
Welcome traders! This guide will walk you through the TREAD (Timeframe Resistance Evaluation And Detection) indicator, a multi-timeframe analysis tool developed by CoffeeKiller that identifies support and resistance confluence across different time periods.(I am 50+ year old trader and always thought I was bad a teaching and explaining so you get a AI guide. I personally use this on the 5 minute chart with the default settings, but to each there own and if you can improve the trend detection methods please DM me. I would like to see the code. Thanks)
Core Components
1. Dual Timeframe Level Tracking
- Short Timeframe Levels: Tracks opening price extremes within shorter periods
- Long Timeframe Levels: Tracks actual high/low extremes within longer periods
- Dynamic Reset Mechanism: Levels reset at the start of each new timeframe period
- Momentum Detection: Identifies when levels change mid-period, indicating active price movement
2. Visual Zone System
- High Zones: Areas between long timeframe highs and short timeframe highs
- Low Zones: Areas between long timeframe lows and short timeframe lows
- Fill Coloring: Dynamic colors based on whether levels are static or actively changing
- Momentum Highlighting: Special colors when levels break during active periods
3. Customizable Display Options
- Multiple Plot Styles: Line, circles, or cross markers
- Flexible Timeframe Selection: Wide range of short and long timeframe combinations
- Color Customization: Separate colors for each level type and momentum state
- Toggle Controls: Show/hide different elements based on trading preference
Main Features
Timeframe Settings
- Short Timeframe Options: 15m, 30m, 1h, 2h, 4h
- Long Timeframe Options: 1h, 2h, 4h, 8h, 12h, 1D, 1W
- Recommended Combinations:
- Scalping: 15m/1h or 30m/2h
- Day Trading: 30m/4h or 1h/4h
- Swing Trading: 4h/1D or 1D/1W
Display Configuration
- Level Visibility: Toggle short/long timeframe levels independently
- Fill Zone Control: Enable/disable colored zones between levels
- Momentum Fills: Special highlighting for actively changing levels
- Line Customization: Width, style, and color options for all elements
Color System
- Short TF High: Default red for resistance levels
- Short TF Low: Default green for support levels
- Long TF High: Transparent red for broader resistance context
- Long TF Low: Transparent green for broader support context
- Momentum Colors: Brighter colors when levels are actively changing
Technical Implementation Details
How Level Tracking Works
The indicator uses a custom tracking function that:
1. Detects Timeframe Periods: Uses `time()` function to identify when new periods begin
2. Tracks Extremes: Monitors highest/lowest values within each period
3. Resets on New Periods: Clears tracking when timeframe periods change
4. Updates Mid-Period: Continues tracking if new extremes are reached
The Timeframe Limitation Explained
`pinescript
// What the indicator does:
short_tf_start = ta.change(time(short_timeframe)) != 0 // Detects 30m period start
= track_highest(open, short_tf_start) // BUT uses chart TF opens!
// What true multi-timeframe would be:
// short_tf_high = request.security(syminfo.tickerid, short_timeframe, high)
`
This means:
- On a 5m chart with 30m/4h settings: Tracks 5m bar opens during 30m and 4h windows
- On a 1m chart with same settings: Tracks 1m bar opens during 30m and 4h windows
- Results will be different between chart timeframes
- May miss important price action that occurred between your chart's bars
Visual Elements
1. Level Lines
- Short TF High: Upper resistance line from shorter timeframe analysis
- Short TF Low: Lower support line from shorter timeframe analysis
- Long TF High: Broader resistance context from longer timeframe
- Long TF Low: Broader support context from longer timeframe
2. Zone Fills
- High Zone: Area between long TF high and short TF high (potential resistance cluster)
- Low Zone: Area between long TF low and short TF low (potential support cluster)
- Regular Fill: Standard transparency when levels are static
- Momentum Fill: Enhanced visibility when levels are actively changing
3. Dynamic Coloring
- Static Periods: Normal colors when levels haven't changed recently
- Active Periods: Momentum colors when levels are being tested/broken
- Confluence Zones: Different intensities based on timeframe alignment
Trading Applications
1. Support/Resistance Trading
- Entry Points: Trade bounces from zone boundaries
- Confluence Areas: Focus on areas where short and long TF levels cluster
- Zone Breaks: Enter on confirmed breaks through entire zones
- Multiple Timeframe Confirmation: Stronger signals when both timeframes align
2. Range Trading
- Zone Boundaries: Use fill zones as range extremes
- Mean Reversion: Trade back toward opposite zone when price reaches extremes
- Breakout Preparation: Watch for momentum color changes indicating potential breakouts
- Risk Management: Place stops outside the opposite zone
3. Trend Following
- Direction Bias: Trade in direction of zone breaks
- Pullback Entries: Enter on pullbacks to broken zones (now support/resistance)
- Momentum Confirmation: Use momentum coloring to confirm trend strength
- Multiple Timeframe Alignment: Strongest trends when both timeframes agree
4. Scalping Applications
- Quick Bounces: Trade rapid moves between zone boundaries
- Momentum Signals: Enter when momentum colors appear
- Short-Term Targets: Use opposite zone as profit target
- Tight Stops: Place stops just outside current zone
Optimization Guide
1. Timeframe Selection
For Different Trading Styles:
- Scalping: 15m/1h - Quick levels, frequent updates
- Day Trading: 30m/4h - Balanced view, good for intraday moves
- Swing Trading: 4h/1D - Longer-term perspective, fewer false signals
- Position Trading: 1D/1W - Major structural levels
2. Chart Timeframe Considerations
**Important**: Your chart timeframe affects results
- Lower Chart TF: More granular level tracking, but may be noisy
- Higher Chart TF: Smoother levels, but may miss important price action
- Recommended: Use chart timeframe 2-4x smaller than short indicator timeframe
3. Display Settings
- Busy Charts: Disable fills, show only key levels
- Clean Analysis: Enable all fills and momentum coloring
- Multi-Monitor Setup: Use different color schemes for easy identification
- Mobile Trading: Increase line width for visibility
Best Practices
1. Level Verification
- Always Cross-Check: Verify levels against actual higher timeframe charts
- Multiple Timeframes: Check 2-3 different chart timeframes for consistency
- Price Action Confirmation: Wait for candlestick confirmation at levels
- Volume Analysis: Combine with volume for stronger confirmation
2. Risk Management
- Stop Placement: Use zones rather than exact prices for stops
- Position Sizing: Reduce size when zones are narrow (higher risk)
- Multiple Targets: Scale out at different zone boundaries
- False Break Protection: Allow for minor zone penetrations
3. Signal Quality Assessment
- Momentum Colors: Higher probability when momentum coloring appears
- Zone Width: Wider zones often provide stronger support/resistance
- Historical Testing: Backtest on your preferred timeframe combinations
- Market Conditions: Adjust sensitivity based on volatility
Advanced Features
1. Momentum Detection System
The indicator tracks when levels change mid-period:
`pinescript
short_high_changed = short_high != short_high and not short_tf_start
`
This identifies:
- Active level testing
- Potential breakout situations
- Increased market volatility
- Trend acceleration points
2. Dynamic Color System
Complex conditional logic determines fill colors:
- Static Zones: Regular transparency for stable levels
- Active Zones: Enhanced colors for changing levels
- Mixed States: Different combinations based on user preferences
- Custom Overrides: User can prioritize certain color schemes
3. Zone Interaction Analysis
- Convergence: When short and long TF levels approach each other
- Divergence: When timeframes show conflicting levels
- Alignment: When both timeframes agree on direction
- Transition: When one timeframe changes while other remains static
Common Issues and Solutions
1. Inconsistent Levels
Problem: Levels look different on various chart timeframes
Solution: Always verify against actual higher timeframe charts
2. Missing Price Action
Problem: Important wicks or gaps not reflected in levels
Solution: Use chart timeframe closer to indicator's short timeframe setting
3. Too Many Signals
Problem: Excessive level changes and momentum alerts
Solution: Increase timeframe settings or reduce chart timeframe granularity
4. Lagging Signals
Problem: Levels seem to update too slowly
Solution: Decrease chart timeframe or use more sensitive timeframe combinations
Recommended Setups
Conservative Approach
- Timeframes: 4h/1D
- Chart: 1h
- Display: Show fills only, no momentum coloring
- Use: Swing trading, position management
Aggressive Approach
- Timeframes: 15m/1h
- Chart: 5m
- Display: All features enabled, momentum highlighting
- Use: Scalping, quick reversal trades
Balanced Approach
- Timeframes: 30m/4h
- Chart: 15m
- Display: Selective fills, momentum on key levels
- Use: Day trading, multi-session analysis
Final Notes
**Remember**: This indicator provides a synthetic view of multi-timeframe levels, not true higher timeframe data. While useful for identifying potential confluence areas, always verify important levels by checking actual higher timeframe charts.
**Best Results When**:
- Combined with actual multi-timeframe analysis
- Used for confluence confirmation rather than primary signals
- Applied with proper risk management
- Verified against price action and volume
**DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. The timeframe limitation means results may not reflect true higher timeframe levels. Always conduct your own analysis and verify levels independently before making trading decisions. Trading involves significant risk of loss.
MACD Support and Resistance [ChartPrime]⯁ OVERVIEW
MACD Support and Resistance is a dynamic support/resistance mapping tool powered by MACD crossover logic. Each time the MACD line crosses the signal line, the indicator scans for recent price extremes and locks them in as potential support or resistance zones. These levels are automatically cleaned up if price breaks them, keeping the chart focused on active market structure. The system includes a built-in MACD display with visual markers, along with contextual highs and lows to help define the current environment.
⯁ MACD-BASED SUPPORT/RESISTANCE GENERATION
The core logic uses the MACD oscillator crossover as a trigger event to generate structural levels:
When MACD crosses above its signal line:
→ The script scans the last 5 bars for the lowest low .
→ A support level is plotted at that price.
When MACD crosses below its signal line:
→ The script scans the last 5 bars for the highest high .
→ A resistance level is plotted at that price.
These dynamic levels reflect where price recently reversed or paused, making them prime zones for reaction, continuation, or invalidation.
⯁ LEVEL MANAGEMENT AND VALIDATION
To keep the chart clean and relevant:
A maximum of 20 active levels are allowed at once.
Older levels are automatically removed if the list exceeds the limit.
If price closes below a support level or above a resistance level , the corresponding line is deleted.
This ensures that only currently respected levels remain on the chart — a major advantage for active traders.
⯁ MACD VISUALIZATION + SIGNAL MARKERS
A full MACD system is rendered on the lower panel for visual confirmation:
The MACD line and Signal line are both plotted and color-coded dynamically.
A filled area] highlights the spread between them to emphasize momentum strength.
A diamond marker is drawn each time MACD crosses its signal line, alerting traders to potential trend shifts.
These visuals make it easy to understand the timing of the support/resistance updates.
⯁ LOCAL EXTREME REFERENCE LINES
To help contextualize current price position relative to recent market extremes:
A Local High line is plotted based on the highest MACD value over the past 100 bars].
A Local Low line is plotted based on the lowest MACD value over the past 100 bars].
These levels are rendered lightly and serve as dynamic range boundaries.
They assist traders in identifying overextended or compressed MACD behavior.
⯁ USAGE
Use the generated S/R levels as breakout or reversal zones.
Watch for MACD diamond markers to confirm the timing of new levels.
Combine these reactive zones with other ChartPrime confluence tools for higher-confidence entries.
Use the Local High/Low zones as a volatility envelope to guide risk and trend continuation potential.
⯁ CONCLUSION
MACD Support and Resistance takes a classic momentum indicator and adds real-time structural awareness. By linking MACD crossover events to recent price extremes, it identifies the zones where market sentiment shifted — and continues to monitor their strength. Whether you're a breakout trader or looking to fade key reaction points, this tool delivers clean, actionable levels based on momentum and structure — not guesswork.
Support and Resistance MTFSupport and Resistance MTF
Support and Resistance MTF is a powerful tool that automatically detects and visualizes key support and resistance levels based on pivot highs and lows, using a higher timeframe of your choice. It is designed for traders who focus on price action and market structure, and want an adaptive, clean, and customizable indicator that helps identify important market zones.
The script uses configurable pivot logic to identify levels, with user-defined parameters for pivot strength and timeframe. Once a support or resistance level is detected, it is displayed on the chart either as a horizontal line, a shaded box, or both, depending on your display settings. You can fully customize the visual appearance including color, transparency, and line thickness. Levels are automatically extended into the future, and optionally into the past, to give better context.
Each level is monitored for breakout behavior. If price breaks through a level, it can change its role — a former resistance may become support, and vice versa. After a certain number of breakouts (which you define), the level is considered invalid and is automatically removed from the chart. This helps to maintain a clean visual layout and ensures only relevant levels are shown.
The indicator supports multi-timeframe analysis, allowing you to overlay higher-timeframe structure directly on your lower-timeframe trading chart. It is also compatible with Heikin Ashi candles internally for reference, without affecting your main chart type.
Support and Resistance MTF is ideal for traders looking to align intraday setups with higher-timeframe zones, manage risk around structural levels, or simply highlight market turning points in a clear and automated way. Built with Pine Script v5 and optimized for performance, it is both powerful and lightweight.
⚙️ Input Parameters – Description
[Time-Frame
Defines the higher timeframe used for detecting support and resistance levels. For example, you can set this to 1h, 4h, or D to visualize significant levels from a broader market perspective on a lower-timeframe chart.
Left / Right (Pivot Left / Pivot Right)
These parameters control the sensitivity of the pivot detection. A pivot high/low is confirmed if it is higher/lower than the defined number of candles to its left and right. Higher values reduce noise but may miss smaller turning points.
Extend Left
When enabled, the drawn levels (lines and/or boxes) are extended to the left side of the chart, allowing you to see the historical alignment of these levels.
Max Breaks Before Delete
Defines how many times a level can be broken by price before it is removed from the chart. This helps to avoid clutter from outdated or invalidated levels and keeps your chart relevant to current price action.
Draw Lines Only
If enabled, the indicator will draw only horizontal lines for support and resistance zones, omitting the colored background boxes. Useful for a cleaner chart appearance.
Line Width Broken Level
Sets the thickness of the support/resistance lines. Thicker lines can emphasize key levels, especially after a breakout.
Transparency Boxes
Controls the transparency (0–100) of the background boxes representing the zones. A higher value makes the boxes more transparent, lower values make them more opaque.
Transparency Lines
Controls the transparency (0–100) of the horizontal support and resistance lines. This allows for visual fine-tuning based on chart background and personal preference.
Support (Color, Group: Display)
Lets you choose the color used for support zones and lines. By default, it's green, but you can change it to fit your theme or visual preference.
Resistance (Color, Group: Display)
Defines the color for resistance zones and lines. The default is red, but it can be customized freely.
Dual Stochastic Enhanced (with Presets giua64)Script Title: Dual Stochastic Enhanced (with Presets giua64)
Overview:
This indicator enhances the traditional Dual Stochastic strategy, aiming to provide more filtered and potentially reliable trading signals. By integrating dynamic overbought/oversold levels via Bollinger Bands on the slow stochastic, a trend filter based on a moving average, momentum confirmation via RSI, and user-friendly selectable presets, "Dual Stochastic Enhanced" seeks to offer a more robust approach to identifying potential entry points.
Key Features:
Dual Stochastics: Utilizes a slow stochastic (configurable, e.g., 14 periods) as a context filter and a fast stochastic (configurable, e.g., 5 periods) as a signal trigger.
Bollinger Bands on Slow Stochastic: Instead of fixed overbought/oversold levels (80/20), Bollinger Bands are applied to the %K line of the slow stochastic. This creates dynamic zones that adapt to the stochastic's own volatility.
Trend Filter: A moving average (configurable type and length, e.g., EMA 100 as seen in the example chart for general context) on the price helps filter signals, allowing only trades aligned with the prevailing trend.
RSI Confirmation: An RSI oscillator (configurable length, e.g., 14 periods) is used to confirm momentum. Signals require the RSI to cross certain thresholds to validate the strength of the move.
User Presets: Includes presets for "Scalping," "Intraday," and "Swing trading," which quickly set all key parameters to suit different styles and timeframes. A "Custom" option is also available for full manual configuration.
Clear Visual Signals: Long (green) and Short (red) arrows appear on the chart when all entry conditions are met.
Active Zone Highlighting: The background of the indicator panel changes color (green or red) when "active zone" conditions (a combination of stochastics, trend, and RSI) are favorable.
Information Panel: A table in the top-right corner of the indicator panel displays the current status of the selected preset, trend filter, RSI value, and stochastic levels.
Signal Logic:
A LONG signal is generated when:
The fast stochastic %K crosses above its %D line.
The slow stochastic %K line is below its lower Bollinger Band (dynamic oversold condition).
The fast stochastic %K line is also in a low area (e.g., <25) to confirm the trigger is not premature.
The closing price is above the trend moving average (uptrend).
The RSI is above its long confirmation level (e.g., >40), indicating sufficient bullish momentum.
A SHORT signal is generated when:
The fast stochastic %K crosses below its %D line.
The slow stochastic %K line is above its upper Bollinger Band (dynamic overbought condition).
The fast stochastic %K line is also in a high area (e.g., >75).
The closing price is below the trend moving average (downtrend).
The RSI is below its short confirmation level (e.g., <60), indicating sufficient bearish momentum.
How to Use:
Select a Preset suitable for your trading style and the timeframe you are analyzing (e.g., Scalping for M1-M15, Intraday for M5-H1, Swing for H4-D1).
Alternatively, choose "Custom" and manually adjust all parameters (stochastic lengths, smoothing, Bollinger Bands, Moving Average, RSI, confirmation thresholds).
Observe the Information Panel for a quick understanding of the current conditions.
Evaluate the arrow signals, always considering the broader market context, price action, and any other confluences (supports/resistances, chart patterns).
The background highlighting can help quickly identify periods where conditions are aligned for potential trades.
Disclaimer:
This script is provided for educational and informational purposes only. Trading involves significant risk, and past performance is not indicative of future results. Always thoroughly test any strategy or indicator on historical data and on a demo account before risking real capital. The author assumes no responsibility for any losses incurred from the use of this script.
Author: giua64
Gamma + Fibonacci EMA Bands# Gamma + Fibonacci EMA Bands
## Overview
The Gamma + Fibonacci EMA Bands indicator combines two powerful analytical approaches: Gamma-weighted Exponential Moving Averages and Fibonacci sequence-based standard EMAs. This dual system creates a comprehensive "band" structure that helps identify trend direction, strength, and potential reversal zones with greater precision than single moving average systems.
## Features
- **Gamma-weighted EMAs**: Three customizable Gamma EMAs (fast-responding) with adjustable gamma parameters
- **Fibonacci Sequence EMAs**: Six standard EMAs based on the Fibonacci sequence (34, 55, 89, 144, 233, 377)
- **Visual Band Structure**: Color-coded for instant visual analysis
- **Trend Confirmation**: Multiple timeframe validation through varied moving average periods
- **Support/Resistance Identification**: Natural price reaction zones highlighted by EMA confluences
## How It Works
The indicator uses two complementary EMA systems:
1. **Gamma EMAs** (γ-EMAs) - These responsive moving averages use a direct gamma weighting factor (between 0-1) rather than a period length. Lower gamma values create smoother lines, while higher values create more responsive ones. These react quickly to price changes and serve as short-term trend indicators.
2. **Fibonacci EMAs** - These traditional EMAs use period lengths based on the Fibonacci sequence (34, 55, 89, 144, 233, 377). They provide longer-term trend context and naturally identify key support/resistance levels that align with market psychology.
## Interpretation
### Trend Direction
- When price is above all bands: Strong bullish trend
- When price is below all bands: Strong bearish trend
- When price is between bands: Consolidation or trend transition
### Support/Resistance
- Gamma EMAs (purple shades): Short-term dynamic support/resistance
- Fibonacci EMAs (orange/red shades): Stronger, longer-term support/resistance
### Trend Strength
- Wider band separation: Stronger trend momentum
- Compressed bands: Consolidation or trend weakness
### Reversal Signals
- Price breaking through multiple bands: Potential trend reversal
- Gamma EMAs crossing Fibonacci EMAs: Changing momentum
## Settings
- **Source**: Price data source (default: close)
- **Gamma 1**: Fast γ-EMA value (default: 0.2)
- **Gamma 2**: Medium γ-EMA value (default: 0.5)
- **Gamma 3**: Slow γ-EMA value (default: 0.8)
## Notes
This indicator works best on higher timeframes (1H+) and liquid markets. The Gamma-weighted EMAs provide faster signals while the Fibonacci sequence EMAs provide reliable support/resistance levels that often align with key market turning points.
For optimal use, watch for price interaction with these bands and how the bands interact with each other to confirm trend changes before they become obvious to the majority of market participants.
Volume Cluster Support & ResistanceVolume Cluster Support & Resistance
This indicator identifies potential Support and Resistance (S/R) levels on the chart using Volume-Based Point of Control (POC) Clustering. It offers extensive customization for calculation parameters, display styles, and visualization options, including S/R zones, color gradients, and historical reaction markers.
How It Works
Volume Based S/R:
Scans the specified Clustering Lookback period for "High Volume Bars", defined as bars where volume exceeds the average volume (over Volume Lookback Period) multiplied by the High Volume Threshold Multiplier.
Calculates the Point of Control (POC) for each high-volume bar using hl2.
Clusters these high-volume bar POCs: POCs within a proximity defined by Cluster Proximity (ATR) (Average True Range multiplier) are grouped together.
Filters these clusters, requiring a Min Bars in Cluster to form a valid S/R zone.
(Image showing the indicator being used on the Bitcoin 5min chart)
The center price of valid clusters determines the S/R level. Clusters above the current price become potential Resistance, and those below become potential Support.
Calculates the offset based on the most recent bar included in the cluster.
Level Selection & Display:
The indicator identifies multiple potential S/R levels.
It then selects and displays the top Number of S/R Levels to Display support levels below the current price and resistance levels above the current price.
(Image showing the indicator on the GBP/USD 5min chart)
ATR Usage:
The Average True Range (ta.atr(14)) is used in two key areas:
Determining the proximity threshold for grouping POCs in the 'Volume Based' clustering (clusterProximityAtr).
Calculating the width of the S/R zones when 'Use Zone Visualization' is enabled (zoneAtrMultiplier).
Key Features & Components
Dual Calculation Methods: Choose between Pivot-based S/R or Volume-based POC clustering.
Volume Confirmation: Pivots require volume confirmation; Volume method directly analyzes high-volume bars.
POC Clustering: Groups high-volume areas to identify significant price zones.
Configurable Lookbacks: Adjust periods for volume averaging, pivot detection, and clustering analysis.
Dynamic S/R Display: Shows a configurable number of the most relevant S/R levels relative to the current price.
Optional Zone Visualization: Display levels as filled zones with configurable width (ATR-based), fill transparency, and border transparency. Includes a dashed center line.
Optional Historical Reactions: Mark past price interactions (lows bouncing off support zones, highs rejecting from resistance zones) directly on the chart (Warning: Can significantly impact performance).
Customizable Styling: Control line style (Solid, Dashed, Dotted), width, color (separate for Support & Resistance), and horizontal extension (None, Left, Right, Both).
Price Labels: Toggle visibility of price labels next to each S/R level/zone.
Visual Elements Explained
S/R Lines/Zones: Plotted lines or filled zones representing calculated support and resistance levels. Color-coded for Support (default green) and Resistance (default magenta).
Line/Zone Borders: Appearance controlled by Style settings (Style, Width, Extension). Can have a gradient color effect based on age if enabled.
Zone Fills: Semi-transparent fills for zones (if enabled), with configurable transparency. Fill color matches the border color (including gradient effect if enabled).
Zone Center Line: A thin, dashed line indicating the exact calculated S/R price within a zone.
Price Labels: Text labels showing the exact price of the S/R level.
Historical Reactions: Small dot markers appearing on historical bars where price potentially reacted to a displayed zone (only if Show Historical Reactions is enabled).
Configuration Options
Users can adjust the following parameters in the indicator settings:
Calculation Method: Select "Pivot Based" or "Volume Based".
Volume Zone Settings (Volume Based): Threshold multiplier, clustering lookback, cluster proximity (ATR), minimum bars per cluster.
Display Options: Toggle S/R visibility, price tags, set the number of levels to show.
Volume Settings: Volume lookback period, volume multiplier (for Pivot confirmation).
Style Settings: Line style, width, extension, support/resistance text and line colors, enable gradient coloring, set gradient start/end colors.
Zone Visualization: Enable/disable zones, set zone width (ATR multiplier), fill and border transparency, enable/disable historical reaction markers (performance warning).
Interpretation Notes
This indicator identifies potential areas of support and resistance based on historical price action and volume analysis. These levels are not guaranteed reversal points.
The 'Volume Based' method focuses on areas where significant trading activity occurred, while the 'Pivot Based' method focuses on price turning points confirmed by volume.
Use the displayed levels in conjunction with other technical analysis tools, price action patterns, and risk management strategies.
Be mindful of the performance impact when enabling Show Historical Reactions, especially on longer timeframes or with large lookback periods. The default setting is false for optimal performance.
The max_bars_back setting is optimized for performance; increasing it significantly may slow down chart loading.
Risk Disclaimer
Trading involves significant risk. This indicator is provided for analytical and educational purposes only and does not constitute financial advice or a trading recommendation. Past performance is not indicative of future results. Always use sound risk management practices and never trade with capital you cannot afford to lose.
OA - PowerZones Support And ResistancePowerZones - Dynamic Support/Resistance Identifier
Overview
PowerZones is an advanced technical analysis tool that automatically detects significant support and resistance zones using volume data and pivot points. This indicator pulls data from higher timeframes (weekly by default) to help you identify strong and meaningful levels that are filtered from short-term "noise."
Features
Multi-Timeframe Analysis: Create support/resistance levels from daily, weekly, or monthly data
Volume Filtering: Detect high-volume pivot points to identify more reliable levels
Dynamic Threshold: Volume filter that automatically adjusts to market conditions
Visual Clarity: Support/resistance zones are displayed as boxes with adjustable transparency
Optimal Level Selection: Filter out close levels to focus on the most significant support/resistance points
Use Cases
Entry/Exit Points: Identify trading opportunities at important support and resistance levels
Stop-Loss Placement: Use natural support levels to set more effective stop-losses
Target Setting: Use potential resistance levels as profit-taking targets
Understanding Market Structure: Detect long-term support/resistance zones to better interpret price movement
Input Parameters
Lookback Period: The period used to determine pivot points
Box Width : Adjusts the width of support/resistance zones
Relative Volume Period: The period used for relative volume calculation
Maximum Number of Boxes: Maximum number of support/resistance zones to display on the chart
Box Transparency: Transparency value for the boxes
Timeframe: Timeframe to use for support/resistance detection (Daily, Weekly, Monthly)
How It Works
PowerZones identifies pivot highs and lows in the selected timeframe. It filters these points using volume data to show only meaningful and strong levels. The indicator also consolidates nearby levels, allowing you to focus only on the most important zones on the chart.
Best Practices
Weekly timeframe setting is ideal for identifying long-term important support/resistance levels
Working with weekly levels on a daily chart allows you to combine long-term levels with short-term trades
ATR-based box width creates support/resistance zones that adapt to market volatility
Use the indicator along with other technical indicators such as RSI, MACD, or moving averages to confirm trading signals
Note: Like all technical indicators, this indicator does not guarantee 100% accuracy. Always apply risk management principles and use it in conjunction with other analysis methods to achieve the best results.
If you like the PowerZones indicator, please show your support by giving it a star and leaving a comment!
SMC+The "SMC+" indicator is a comprehensive tool designed to overlay key Smart Money Concepts (SMC) levels, support/resistance zones, order blocks (OB), fair value gaps (FVG), and trap detection on your TradingView chart. It aims to assist traders in identifying potential areas of interest based on price action, swing structures, and volume dynamics across multiple timeframes. This indicator is fully customizable, allowing users to adjust lookback periods, colors, opacity, and sensitivity to suit their trading style.
Key Components and Functionality
1. Key Levels (Support and Resistance)
This section plots horizontal lines representing support and resistance levels based on highs and lows over three distinct lookback periods, plus daily nearest levels.
Short-Term Lookback Period (Default: 20 bars)
Plots the highest high (short_high) and lowest low (short_low) over the specified period.
Visualized as dotted lines with customizable colors (Short-Term Resistance Color, Short-Term Support Color) and opacity (Short-Term Resistance Opacity, Short-Term Support Opacity).
Adjustment Tip: Increase the lookback (e.g., to 30-50) for less frequent but stronger levels on higher timeframes, or decrease (e.g., to 10-15) for scalping on lower timeframes.
Long-Term Lookback Period (Default: 50 bars)
Plots broader support (long_low) and resistance (long_high) levels using a solid line style.
Customizable via Long-Term Resistance Color, Long-Term Support Color, and their respective opacity settings.
Adjustment Tip: Extend to 100-200 bars for swing trading or major trend analysis on daily/weekly charts.
Extra-Long Lookback Period (Default: 100 bars)
Identifies significant historical highs (extra_long_high) and lows (extra_long_low) with dashed lines.
Configurable with Extra-Long Resistance Color, Extra-Long Support Color, and opacity settings.
Adjustment Tip: Use 200-500 bars for monthly charts to capture macro-level key zones.
Daily Nearest Resistance and Support Levels
Dynamically calculates the nearest resistance (daily_res_level) and support (daily_sup_level) based on the current day’s price action relative to historical highs and lows.
Displayed with Daily Resistance Color and Daily Support Color (with opacity options).
Adjustment Tip: Works best on intraday charts (e.g., 15m, 1h) to track daily pivots; combine with volume profile for confirmation.
How It Works: These levels update dynamically as new highs/lows form, providing a visual guide to potential reversal or breakout zones.
2. SMC Inputs (Smart Money Concepts)
This section identifies swing structures, order blocks, fair value gaps, and entry signals based on SMC principles.
SMC Swing Lookback Period (Default: 12 bars)
Defines the period for detecting swing highs (smc_swing_high) and lows (smc_swing_low).
Adjustment Tip: Increase to 20-30 for smoother swings on higher timeframes; reduce to 5-10 for faster signals on lower timeframes.
Minimum Swing Size (%) (Default: 0.5%)
Filters out minor price movements to focus on significant swings.
Adjustment Tip: Raise to 1-2% for volatile markets (e.g., crypto) to avoid noise; lower to 0.2-0.3% for forex pairs with tight ranges.
Order Block Sensitivity (Default: 1.0)
Scales the size of detected order blocks (OBs) for bullish reversal (smc_ob_bull), bearish reversal (smc_ob_bear), and continuation (smc_cont_ob).
Visuals include customizable colors, opacity, border thickness, and blinking effects (e.g., SMC Bullish Reversal OB Color, SMC Bearish Reversal OB Blink Thickness).
Adjustment Tip: Increase to 1.5-2.0 for wider OBs in choppy markets; keep at 1.0 for precision in trending conditions.
Minimum FVG Size (%) (Default: 0.3%)
Sets the minimum gap size for Fair Value Gaps (fvg_high, fvg_low), displayed as boxes with Fair Value Gap Color and FVG Opacity.
Adjustment Tip: Increase to 0.5-1% for larger, more reliable gaps; decrease to 0.1-0.2% for scalping smaller inefficiencies.
How It Works:
Bullish Reversal OB: Detects a bearish candle followed by a bullish break, marking a potential demand zone.
Bearish Reversal OB: Identifies a bullish candle followed by a bearish break, marking a supply zone.
Continuation OB: Spots strong bullish momentum after a prior high, indicating a continuation zone.
FVG: Highlights bullish gaps where price may retrace to fill.
Entry Signals: Plots triangles (SMC Long Entry) when price retests an OB with a liquidity sweep or break of structure (BOS).
3. Trap Inputs
This section detects potential bull and bear traps based on price action, volume, and key level rejections.
Min Down Move for Bear Trap (%) (Default: 1.0%)
Sets the minimum drop required after a bearish OB to qualify as a trap.
Visualized with Bear Trap Color, Bear Trap Opacity, and blinking borders.
Adjustment Tip: Increase to 2-3% for stronger traps in trending markets; lower to 0.5% for ranging conditions.
Min Up Move for Bull Trap (%) (Default: 1.0%)
Sets the minimum rise required after a bullish OB to flag a trap.
Customizable with Bull Trap Color, Bull Trap Border Thickness, etc.
Adjustment Tip: Adjust similarly to bear traps based on market volatility.
Volume Lookback for Traps (Default: 5 bars)
Compares current volume to a moving average (avg_volume) to filter low-volume traps.
Adjustment Tip: Increase to 10-20 for confirmation on higher timeframes; reduce to 3 for intraday sensitivity.
How It Works:
Bear Trap: Triggers when price drops significantly after a bearish OB but reverses up with low volume or support rejection.
Bull Trap: Activates when price rises after a bullish OB but fails with low volume or resistance rejection.
Boxes highlight trap zones, resetting when price breaks out.
4. Visual Customization
Line Width (Default: 2)
Adjusts thickness of support/resistance lines.
Tip: Increase to 3-4 for visibility on cluttered charts.
Blink On (Default: Close)
Sets whether OB/FVG borders blink based on Open or Close price interaction.
Tip: Use "Open" for intraday precision; "Close" for confirmed reactions.
Colors and Opacity: Each element (OBs, FVGs, traps, key levels) has customizable colors, opacity (0-100), border thickness (1-5 or 1-7), and blink effects for dynamic visualization.
How to Use SMC+
Setup: Apply the indicator to any chart and adjust inputs based on your timeframe and market.
Key Levels: Watch for price reactions at short, long, extra-long, or daily levels for potential reversals or breakouts.
SMC Signals: Look for entry signals (triangles) near OBs or FVGs, confirmed by liquidity sweeps or BOS.
Traps: Avoid false breakouts by monitoring trap boxes, especially near key levels with low volume.
Notes:
This indicator is a visual aid and does not guarantee trading success. Combine it with other analysis tools and risk management strategies.
Performance may vary across markets and timeframes; test settings thoroughly before use.
For optimal results, experiment with lookback periods and sensitivity settings to match your trading style.
The default settings are optimal for 1 minute and 10 second time frames for small cap low float stocks.
Continuation OB are Blue.
Bullish Reversal OB color is Green
Bearish Reversal OB color is Red
FVG color is purple
Bear Trap OB is red with a green border and often appears with a Bearish Reversal OB signaling caution to a short position.
Bull trap OB is green with a Red border signaling caution to a long position.
All active OB area are highlighted and solid in color while other non active OB area are dimmed.
My personal favorite setups are when we have an active bullish reversal with an active FVG along with an active Continuation OB.
Another personal favorite is the Bearish reversal OB signaling an end to a recent uptrend.
The Trap OB detection are also a unique and Original helpful source of information.
The OB have a white boarder by default that are colored black giving a simulated blinking effect when price is acting in that zone.
The Trap OB border are colored with respect to direction of intended trap, all of which can be customized to personal style.
All vaild OB zones are shown compact in size ,a unique and original view until its no longer valid.
GQT GPT - Volume-based Support & Resistance Zones V2搞钱兔，搞钱是为了更好的生活。
Title: GQT GPT - Volume-based Support & Resistance Zones V2
Overview:
This strategy is implemented in PineScript v5 and is designed to identify key support and resistance zones based on volume-driven fractal analysis on a 1-hour timeframe. It computes fractal high points (for resistance) and fractal low points (for support) using volume moving averages and specific price action criteria. These zones are visually represented on the chart with customizable lines and zone fills.
Trading Logic:
• Entry: The strategy initiates a long position when the price crosses into the support zone (i.e., when the price drops into a predetermined support area).
• Exit: The long position is closed when the price enters the resistance zone (i.e., when the price rises into a predetermined resistance area).
• Time Frame: Trading signals are generated solely from the 1-hour chart. The strategy is only active within a specified start and end date.
• Note: Only long trades are executed; short selling is not part of the strategy.
Visualization and Parameters:
• Support/Resistance Zones: The zones are drawn based on calculated fractal values, with options to extend the lines to the right for easier tracking.
• Customization: Users can configure the appearance, such as line style (solid, dotted, dashed), line width, colors, and label positions.
• Volume Filtering: A volume moving average threshold is used to confirm the fractal signals, enhancing the reliability of the support and resistance levels.
• Alerts: The strategy includes alert conditions for when the price enters the support or resistance zones, allowing for timely notifications.
⸻
搞钱兔，搞钱是为了更好的生活。
标题： GQT GPT - 基于成交量的支撑与阻力区间 V2
概述：
本策略使用 PineScript v5 实现，旨在基于成交量驱动的分形分析，在1小时级别的图表上识别关键支撑与阻力区间。策略通过成交量移动平均线和特定的价格行为标准计算分形高点（阻力）和分形低点（支撑），并以自定义的线条和区间填充形式直观地显示在图表上。
交易逻辑：
• 进场条件： 当价格进入支撑区间（即价格跌入预设支撑区域）时，策略在没有持仓的情况下发出做多信号。
• 离场条件： 当价格进入阻力区间（即价格上升至预设阻力区域）时，持有多头头寸则会被平仓。
• 时间范围： 策略的信号仅基于1小时级别的图表，并且仅在指定的开始日期与结束日期之间生效。
• 备注： 本策略仅执行多头交易，不进行空头操作。
可视化与参数设置：
• 支撑/阻力区间： 根据计算得出的分形值绘制支撑与阻力线，可选择将线条延伸至右侧，便于后续观察。
• 自定义选项： 用户可以调整线条样式（实线、点线、虚线）、线宽、颜色及标签位置，以满足个性化需求。
• 成交量过滤： 策略使用成交量移动平均阈值来确认分形信号，提高支撑和阻力区间的有效性。
• 警报功能： 当价格进入支撑或阻力区间时，策略会触发警报条件，方便用户及时关注市场变化。
⸻
Multi-Anchored Linear Regression Channels [TANHEF]█ Overview:
The 'Multi-Anchored Linear Regression Channels ' plots multiple dynamic regression channels (or bands) with unique selectable calculation types for both regression and deviation. It leverages a variety of techniques, customizable anchor sources to determine regression lengths, and user-defined criteria to highlight potential opportunities.
Before getting started, it's worth exploring all sections, but make sure to review the Setup & Configuration section in particular. It covers key parameters like anchor type, regression length, bias, and signal criteria—essential for aligning the tool with your trading strategy.
█ Key Features:
⯁ Multi-Regression Capability:
Plot up to three distinct regression channels and/or bands simultaneously, each with customizable anchor types to define their length.
⯁ Regression & Deviation Methods:
Regressions Types:
Standard: Uses ordinary least squares to compute a simple linear trend by averaging the data and deriving a slope and endpoints over the lookback period.
Ridge: Introduces L2 regularization to stabilize the slope by penalizing large coefficients, which helps mitigate multicollinearity in the data.
Lasso: Uses L1 regularization through soft-thresholding to shrink less important coefficients, yielding a simpler model that highlights key trends.
Elastic Net: Combines L1 and L2 penalties to balance coefficient shrinkage and selection, producing a robust weighted slope that handles redundant predictors.
Huber: Implements the Huber loss with iteratively reweighted least squares (IRLS) and EMA-style weights to reduce the impact of outliers while estimating the slope.
Least Absolute Deviations (LAD): Reduces absolute errors using iteratively reweighted least squares (IRLS), yielding a slope less sensitive to outliers than squared-error methods.
Bayesian Linear: Merges prior beliefs with weighted data through Bayesian updating, balancing the prior slope with data evidence to derive a probabilistic trend.
Deviation Types:
Regressive Linear (Reverse): In reverse order (recent to oldest), compute weighted squared differences between the data and a line defined by a starting value and slope.
Progressive Linear (Forward): In forward order (oldest to recent), compute weighted squared differences between the data and a line defined by a starting value and slope.
Balanced Linear: In forward order (oldest to newest), compute regression, then pair to source data in reverse order (newest to oldest) to compute weighted squared differences.
Mean Absolute: Compute weighted absolute differences between each data point and its regression line value, then aggregate them to yield an average deviation.
Median Absolute: Determine the weighted median of the absolute differences between each data point and its regression line value to capture the central tendency of deviations.
Percent: Compute deviation as a percentage of a base value by multiplying that base by the specified percentage, yielding symmetric positive and negative deviations.
Fitted: Compare a regression line with high and low series values by computing weighted differences to determine the maximum upward and downward deviations.
Average True Range: Iteratively compute the weighted average of absolute differences between the data and its regression line to yield an ATR-style deviation measure.
Bias:
Bias: Applies EMA or inverse-EMA style weighting to both Regression and/or Deviation, emphasizing either recent or older data.
⯁ Customizable Regression Length via Anchors:
Anchor Types:
Fixed: Length.
Bar-Based: Bar Highest/Lowest, Volume Highest/Lowest, Spread Highest/Lowest.
Correlation: R Zero, R Highest, R Lowest, R Absolute.
Slope: Slope Zero, Slope Highest, Slope Lowest, Slope Absolute.
Indicator-Based: Indicators Highest/Lowest (ADX, ATR, BBW, CCI, MACD, RSI, Stoch).
Time-Based: Time (Day, Week, Month, Quarter, Year, Decade, Custom).
Session-Based: Session (Tokyo, London, New York, Sydney, Custom).
Event-Based: Earnings, Dividends, Splits.
External: Input Source Highest/Lowest.
Length Selection:
Maximum: The highest allowed regression length (also fixed value of “Length” anchor).
Minimum: The shortest allowed length, ensuring enough bars for a valid regression.
Step: The sampling interval (e.g., 1 checks every bar, 2 checks every other bar, etc.). Increasing the step reduces the loading time, most applicable to “Slope” and “R” anchors.
Adaptive lookback:
Adaptive Lookback: Enable to display regression regardless of too few historical bars.
⯁ Selecting Bias:
Bias applies separately to regression and deviation.
Positive values emphasize recent data (EMA-style), negative invert, and near-zero maintains balance. (e.g., a length 100, bias +1 gives the newest price ~7× more weight than the oldest).
It's best to apply bias to both (regression and deviation) or just the deviation. Biasing only regression may distort deviation visually, while biasing both keeps their relationship intuitive. Using bias only for deviation scales it without altering regression, offering unique analysis.
⯁ Scale Awareness:
Supports linear and logarithmic price scaling, the regression and deviations adjust accordingly.
⯁ Signal Generation & Alerts:
Customizable entry/exit signals and alerts, detailed in the dedicated section below.
⯁ Visual Enhancements & Real-World Examples:
Optional on-chart table display summarizing regression input criteria (display type, anchor type, source, regression type, regression bias, deviation type, deviation bias, deviation multiplier) and key calculated metrics (regression length, slope, Pearson’s R, percentage position within deviations, etc.) for quick reference.
█ Understanding R (Pearson Correlation Coefficient):
Pearson’s R gauges data alignment to a straight-line trend within the regression length:
Range: R varies between –1 and +1.
R = +1 → Perfect positive correlation (strong uptrend).
R = 0 → No linear relationship detected.
R = –1 → Perfect negative correlation (strong downtrend).
This script uses Pearson’s R as an anchor, adjusting regression length to target specific R traits. Strong R (±1) follows the regression channel, while weak R (0) shows inconsistency.
█ Understanding the Slope:
The slope is the direction and rate at which the regression line rises or falls per bar:
Positive Slope (>0): Uptrend – Steeper means faster increase.
Negative Slope (<0): Downtrend – Steeper means sharper drop.
Zero or Near-Zero Slope: Sideways – Indicating range-bound conditions.
This script uses highest and lowest slope as an anchor, where extremes highlight strong moves and trend lines, while values near zero indicate sideways action and possible support/resistance.
█ Setup & Configuration:
Whether you’re new to this script or want to quickly adjust all critical parameters, the panel below shows the main settings available. You can customize everything from the anchor type and maximum length to the bias, signal conditions, and more.
Scale (select Log Scale for logarithmic, otherwise linear scale).
Display (regression channel and/or bands).
Anchor (how regression length is determined).
Length (control bars analyzed):
• Max – Upper limit.
• Min – Prevents regression from becoming too short.
• Step – Controls scanning precision; increasing Step reduces load time.
Regression:
• Type – Calculation method.
• Bias – EMA-style emphasis (>0=new bars weighted more; <0=old bars weighted more).
Deviation:
• Type – Calculation method.
• Bias – EMA-style emphasis (>0=new bars weighted more; <0=old bars weighted more).
• Multiplier - Adjusts Upper and Lower Deviation.
Signal Criteria:
• % (Price vs Deviation) – (0% = lower deviation, 50% = regression, 100% = upper deviation).
• R – (0 = no correlation, ±1 = perfect correlation; >0 = +slope, <0 = -slope).
Table (analyze table of input settings, calculated results, and signal criteria).
Adaptive Lookback (display regression while too few historical bars).
Multiple Regressions (steps 2 to 7 apply to #1, #2, and #3 regressions).
█ Signal Generation & Alerts:
The script offers customizable entry and exit signals with flexible criteria and visual cues (background color, dots, or triangles). Alerts can also be triggered for these opportunities.
Percent Direction Criteria:
(0% = lower deviation, 50% = regression line, 100% = upper deviation)
Above %: Triggers if price is above a specified percent of the deviation channel.
Below %: Triggers if price is below a specified percent of the deviation channel.
(Blank): Ignores the percent‐based condition.
Pearson's R (Correlation) Direction Criteria:
(0 = no correlation, ±1 = perfect correlation; >0 = positive slope, <0 = negative slope)
Above R / Below R: Compares the correlation to a threshold.
Above│R│ / Below│R│: Uses absolute correlation to focus on strength, ignoring direction.
Zero to R: Checks if R is in the 0-to-threshold range.
(Blank): Ignores correlation-based conditions.
█ User Tips & Best Practices:
Choose an anchor type that suits your strategy, “Bar Highest/Lowest” automatically spots commonly used regression zones, while “│R│ Highest” targets strong linear trends.
Consider enabling or disabling the Adaptive Lookback feature to ensure you always have a plotted regression if your chart doesn’t meet the maximum-length requirement.
Use a small Step size (1) unless relying on R-correlation or slope-based anchors as the are time-consuming to calculate. Larger steps speed up calculations but reduce precision.
Fine-tune settings such as lookback periods, regression bias, and deviation multipliers, or trend strength. Small adjustments can significantly affect how channels and signals behave.
To reduce loading time , show only channels (not bands) and disable signals, this limits calculations to the last bar and supports more extreme criteria.
Use the table display to monitor anchor type, calculated length, slope, R value, and percent location at a glance—especially if you have multiple regressions visible simultaneously.
█ Conclusion:
With its blend of advanced regression techniques, flexible deviation options, and a wide range of anchor types, this indicator offers a highly adaptable linear regression channeling system. Whether you're anchoring to time, price extremes, correlation, slope, or external events, the tool can be shaped to fit a variety of strategies. Combined with customizable signals and alerts, it may help highlight areas of confluence and support a more structured approach to identifying potential opportunities.
HALO Oracle - CoffeeKillerHALO Oracle - CoffeeKiller Indicator Guide
Hello traders! Today I'm going to walk you through how to use the HALO Oracle indicator, which is a powerful tool for identifying market trends and potential reversal points.
Basic Overview
The HALO Oracle is a trend-following indicator that combines Heiken Ashi candles with golden ratio calculations to help you identify market direction and key price levels.
Main Features
1. Time Settings
- You have two modes for time analysis:
- Normal Mode: The indicator analyzes each individual candle on your chart
- Custom Resolution Mode: You can use a different timeframe for calculations than what's shown on your chart
* For example, you could view a 5-minute chart but have the indicator calculate based on 1-hour data
* Available timeframes include Monthly (M), Weekly (W), Daily (D), 4 Hours (240), 1 Hour (60), etc.
2. Visual Components
Bands and Fill
- Two main bands: green and red
- The space between these bands is filled with colors:
- Green fill indicates a bullish trend
- Red fill indicates a bearish trend
- You can adjust the thickness of the bands and the transparency of the fill colors
Marker Lines
- High Marker Line (magenta): Tracks the highest opening price during bullish trends
- Low Marker Line (cyan): Tracks the lowest opening price during bearish trends
- These lines create a "zone" that helps identify potential support and resistance levels
- Diamond markers appear when the trend resets
Background Fill
- Optional full-chart background coloring
- Green background for bullish trends
- Red background for bearish trends
How to Read the Indicator
1. **Trend Identification**
- Green fill/background indicates a bullish trend
- Red fill/background indicates a bearish trend
- Watch for color changes as they signal potential trend changes
2. **Support and Resistance Levels**
- The bands create dynamic support and resistance zones
- Price tends to respect these levels during strong trends
- Watch for price reactions when it touches either band
3. **Marker Lines**
- These act as historical support/resistance levels
- The space between marker lines creates a "zone" where price might find support or resistance
- Diamond shapes appear when these levels reset, indicating potential trend changes
Trading Tips
1. **Trend Trading**
- Trade in the direction of the background color
- Look for pullbacks to the support/resistance bands in the trend direction
- Use marker lines as potential entry/exit points
2. **Reversal Signals**
- Watch for diamond markers as they indicate trend resets
- Confirm reversals with price action and other indicators
- Pay attention to how price reacts around marker lines
3. **Timeframe Analysis**
- Use custom resolution for a broader market perspective
- Higher timeframes for overall trend
- Lower timeframes for entry/exit timing
Customization Options
1. **Display Settings**
- Toggle bands and fill visibility
- Adjust line thickness
- Customize colors for all components
2. **Background Options**
- Toggle full-chart background
- Adjust background transparency
3. **Marker Line Settings**
- Toggle visibility of marker lines
- Toggle reset diamonds
- Customize marker line colors
Best Practices
1. Start with the default settings to understand how the indicator behaves
2. Gradually customize colors and settings to match your trading style
3. Use multiple timeframes to confirm trends
4. Don't trade solely based on the indicator - combine it with price action and other tools
5. Pay special attention to areas where marker lines and bands converge
6. Watch for diamond markers as they often precede significant moves
Remember, this indicator works best when used as part of a complete trading strategy, not in isolation.
The information and signals provided by this indicator are intended solely for educational and informational purposes. They do not constitute financial, legal, or any other professional advice. Past performance is not indicative of future results. Trading and investing involve significant risk, and it is strongly recommended that you use this indicator in conjunction with other analysis tools and indicators. Always consult with a qualified financial advisor or professional before making any investment decisions. The creators and distributors of this indicator expressly disclaim any liability for any losses incurred through the use of the indicator or reliance on the information provided. Use at your own risk.
Strong Levels (with Proximity Alerts)█ OVERVIEW
The "Strong Levels (with Proximity Alerts)" indicator offers a fresh approach to identifying support and resistance levels, inspired by the RexDog Trading System (RDTS). It pinpoints significant price reversals using a unique filtering method that reduces noise and enhances reliability. Paired with customizable ATR-based proximity alerts, this indicator empowers traders to track critical price zones with precision.
█ FEATURES
- Rooted in RDTS :
Inspired by the RexDog Trading System (RDTS), it highlights major pivot points where price executed sharp turnarounds, ensuring levels carry true market weight.
- Second-Highest/Lowest Open/Close Method :
Resistance levels use the *second-highest open/close* near pivot highs, while support levels use the *second-lowest open/close* near pivot lows—skipping extreme wicks for cleaner, more dependable lines.
- ATR-Driven Proximity Alerts :
Customizable proximity thresholds, calculated using the Average True Range (ATR), warn traders when price approaches key levels—a standout feature not found in most support/resistance indicators.
- Flexible Customization :
- Magnitude : Tweak pivot sensitivity (default: 10).
- Line Colors : Set resistance (red by default), support (green), and proximity (yellow) lines.
- Line Options : Adjust line origins, transparency for breached levels, and the maximum number of levels shown.
- ATR Settings : Fine-tune proximity sensitivity with ATR length and multiplier.
█ HOW TO USE
1. Add to Chart :
Find "Strong Levels (with Proximity Alerts)" in TradingView’s indicator library and apply it.
2. Read the Lines :
- Red Lines : Resistance, derived from the second-highest open/close near pivot highs.
- Green Lines : Support, based on the second-lowest open/close near pivot lows.
- Yellow Dashed Lines : Proximity thresholds (optional), signaling when price nears a level.
3. Customize :
- Raise `Magnitude` for stronger levels or lower it for more detail.
- Adjust colors, transparency, and max levels to fit your preferences.
- Toggle proximity thresholds on/off based on your trading style.
- Enabling *Plot Line from Actual Pivot Bar* offers a cleaner chart but may mislead as lines plot into the past.
4. Set Alerts :
- Open TradingView’s alert menu (the three dots ... dropdown menu next in indicator list has an option "Add alert on ...") and choose "Approaching Level" or "Level Touched.".
- Don't forget to choose the right Trigger condition, which by default is "Only Once". I usually set it to "Once Per Bar".
- Tailor alert conditions to your needs.
█ LIMITATIONS
- Past-Based Levels :
- Relying on historical pivots, it may not always forecast future moves, especially in rapid markets.
- The 'Plot Line from Actual Pivot Bar' option while visually appealing can imply historical significance that didn’t exist at the time. Be mindful of that.
- Volatility Sensitivity :
High volatility widens ATR-based thresholds, which might trigger alerts too soon.
- Display Management :
A cap on max levels avoids clutter, but tweaking `Max Levels` may be needed across timeframes.
█ ACCOMPANYING CHART
The chart showcases the indicator’s unique edge:
- A pivot high and low are flagged, with nearby bars highlighted.
- Resistance is plotted at the *second-highest open/close* around the pivot high, bypassing the highest wick.
- Support is set at the *second-lowest open/close* near the pivot low, ignoring the deepest wick.
- Yellow dashed proximity lines illustrate how the indicator warns traders as price nears these zones.
- Annotations clarify how skipping extreme wicks creates cleaner, more actionable levels.
█ HOW TO USE
1. Add to Chart :
Locate "Strong Levels (with Proximity Alerts)" in TradingView’s indicator library and apply it to your chart.
2. Read the Lines :
- Red Lines**: Resistance levels, calculated from the second-highest open/close near pivot highs.
- Green Lines : Support levels, derived from the second-lowest open/close near pivot lows.
- Yellow Dashed Lines : Optional proximity thresholds, alerting you when price nears a level.
3. Customize :
- Increase `Magnitude` for stronger, less frequent levels or decrease it for more granularity.
- Modify colors, transparency, or the maximum number of levels to suit your style.
- Enable or disable proximity thresholds as needed.
4. Set Alerts :
- Access TradingView’s alert menu and select "Approaching Level" or "Level Touched."
- Adjust conditions to match your trading preferences.
5. My Personal Approach :
I prefer using this indicator on higher timeframes, like hourly or daily charts. I adjust my `Magnitude`, so it doesn't trigger too often and set my alerts to trigger "Once Per Bar". When price nears a level, I get an alert and I anticipate a reaction but avoid placing limit orders blindly. Instead, I switch to smaller timeframes and combine it with other tools for confirmation before making a trade. This saves me a lot of screen time, and allows me to focus when it matters.
Support & Resistance + EMA + Swing SL (3 Min)### **📌 Brief Description of the Script**
This **Pine Script indicator** for TradingView displays **Support & Resistance levels, EMAs (21 & 26), and Swing High/Low-based Stop-Loss (SL) points** on a **3-minute timeframe**.
---
### **🔹 Key Features & Functionality**
1️⃣ **🟥 Support & Resistance Calculation:**
- Finds the **highest & lowest price over the last 50 candles**
- Plots **Resistance (Red) & Support (Green) levels**
2️⃣ **📈 EMA (Exponential Moving Averages):**
- **21 EMA (Blue)** and **26 EMA (Orange)** for trend direction
- Helps in identifying bullish or bearish momentum
3️⃣ **📊 Swing High & Swing Low Detection:**
- Identifies **Swing Highs (Higher than last 5 candles) as SL for Short trades**
- Identifies **Swing Lows (Lower than last 5 candles) as SL for Long trades**
- Plots these levels as **Purple (Swing High SL) & Yellow (Swing Low SL) dotted lines**
4️⃣ **📌 Labels on Swing Points:**
- **"HH SL"** is placed on Swing Highs
- **"LL SL"** is placed on Swing Lows
5️⃣ **⚡ Breakout Detection:**
- Detects if **price crosses above Resistance** (Bullish Breakout)
- Detects if **price crosses below Support** (Bearish Breakout)
- Background color changes to **Green (Bullish)** or **Red (Bearish)**
6️⃣ **🚨 Alerts for Breakouts:**
- Sends alerts when **price breaks above Resistance or below Support**
---
### **🎯 How to Use This Indicator?**
- **Trade with Trend:** Follow **EMA crossovers** and Support/Resistance levels
- **Set Stop-Loss:** Use **Swing High as SL for Shorts** & **Swing Low as SL for Longs**
- **Look for Breakouts:** Enter trades when price **crosses Resistance or Support**
This script is **ideal for scalping & intraday trading** in a **3-minute timeframe** 🚀🔥
Let me know if you need **any modifications or improvements!** 📊💹
Market Trend Levels Non-Repainting [BigBeluga X PineIndicators]This strategy is based on the Market Trend Levels Detector developed by BigBeluga. Full credit for the concept and original indicator goes to BigBeluga.
The Market Trend Levels Detector Strategy is a non-repainting trend-following strategy that identifies market trend shifts using two Exponential Moving Averages (EMA). It also detects key price levels and allows traders to apply multiple filters to refine trade entries and exits.
This strategy is designed for trend trading and enables traders to:
Identify trend direction based on EMA crossovers.
Detect significant market levels using labeled trend lines.
Use multiple filter conditions to improve trade accuracy.
Avoid false signals through non-repainting calculations.
How the Market Trend Levels Detector Strategy Works
1. Core Trend Detection Using EMA Crossovers
The strategy detects trend shifts using two EMAs:
Fast EMA (default: 12 periods) – Reacts quickly to price movements.
Slow EMA (default: 25 periods) – Provides a smoother trend confirmation.
A bullish crossover (Fast EMA crosses above Slow EMA) signals an uptrend , while a bearish crossover (Fast EMA crosses below Slow EMA) signals a downtrend .
2. Market Level Detection & Visualization
Each time an EMA crossover occurs, a trend level line is drawn:
Bullish crossover → A green line is drawn at the low of the crossover candle.
Bearish crossover → A purple line is drawn at the high of the crossover candle.
Lines can be extended to act as support and resistance zones for future price action.
Additionally, a small label (●) appears at each crossover to mark the event on the chart.
3. Trade Entry & Exit Conditions
The strategy allows users to choose between three trading modes:
Long Only – Only enters long trades.
Short Only – Only enters short trades.
Long & Short – Trades in both directions.
Entry Conditions
Long Entry:
A bullish EMA crossover occurs.
The trade direction setting allows long trades.
Filter conditions (if enabled) confirm a valid long signal.
Short Entry:
A bearish EMA crossover occurs.
The trade direction setting allows short trades.
Filter conditions (if enabled) confirm a valid short signal.
Exit Conditions
Long Exit:
A bearish EMA crossover occurs.
Exit filters (if enabled) indicate an invalid long position.
Short Exit:
A bullish EMA crossover occurs.
Exit filters (if enabled) indicate an invalid short position.
Additional Trade Filters
To improve trade accuracy, the strategy allows traders to apply up to 7 additional filters:
RSI Filter: Only trades when RSI confirms a valid trend.
MACD Filter: Ensures MACD histogram supports the trade direction.
Stochastic Filter: Requires %K line to be above/below threshold values.
Bollinger Bands Filter: Confirms price position relative to the middle BB line.
ADX Filter: Ensures the trend strength is above a set threshold.
CCI Filter: Requires CCI to indicate momentum in the right direction.
Williams %R Filter: Ensures price momentum supports the trade.
Filters can be enabled or disabled individually based on trader preference.
Dynamic Level Extension Feature
The strategy provides an optional feature to extend trend lines until price interacts with them again:
Bullish support lines extend until price revisits them.
Bearish resistance lines extend until price revisits them.
If price breaks a line, the line turns into a dotted style , indicating it has been breached.
This helps traders identify key levels where trend shifts previously occurred, providing useful support and resistance insights.
Customization Options
The strategy includes several adjustable settings :
Trade Direction: Choose between Long Only, Short Only, or Long & Short.
Trend Lengths: Adjust the Fast & Slow EMA lengths.
Market Level Extension: Decide whether to extend support/resistance lines.
Filters for Trade Confirmation: Enable/disable individual filters.
Color Settings: Customize line colors for bullish and bearish trend shifts.
Maximum Displayed Lines: Limit the number of drawn support/resistance lines.
Considerations & Limitations
Trend Lag: As with any EMA-based strategy, signals may be slightly delayed compared to price action.
Sideways Markets: This strategy works best in trending conditions; frequent crossovers in sideways markets can produce false signals.
Filter Usage: Enabling multiple filters may reduce trade frequency, but can also improve trade quality.
Line Overlap: If many crossovers occur in a short period, the chart may become cluttered with multiple trend levels. Adjusting the "Display Last" setting can help.
Conclusion
The Market Trend Levels Detector Strategy is a non-repainting trend-following system that combines EMA crossovers, market level detection, and customizable filters to improve trade accuracy.
By identifying trend shifts and key price levels, this strategy can be used for:
Trend Confirmation – Using EMA crossovers and filters to confirm trend direction.
Support & Resistance Trading – Identifying dynamic levels where price reacts.
Momentum-Based Trading – Combining EMA crossovers with additional momentum filters.
This strategy is fully customizable and can be adapted to different trading styles, timeframes, and market conditions.
Full credit for the original concept and indicator goes to BigBeluga.
VWAP Horizon Suite Optimized - CoffeeKillerVWAP Horizon Suite Optimized - User Guide
Overview
The VWAP Horizon Suite Optimized is a comprehensive technical analysis tool for TradingView designed to enhance your trading strategy with Volume Weighted Average Price (VWAP) analysis, standard deviation bands, and customizable Exponential Moving Averages (EMAs). This indicator provides a robust framework for identifying potential support and resistance levels, price momentum, and market trends.
Key Features
- **Daily VWAP with Session Reset**: Automatically resets at 17:00 (5:00 PM) each day
- **Customizable Standard Deviation/Percentage Bands**: Up to 3 bands above and below VWAP
- **High/Low Point Detection**: Visual markers for significant price levels
- **Multiple Customizable EMAs**: 8 different EMAs that can be individually toggled and styled
- **Visual Customization**: Adjustable colors, fills, and styles for all elements
VWAP Settings
- **Source**: Determines the price data used to calculate VWAP (default: HLC3 - High, Low, Close average)
Bands Settings
- **Bands Calculation Mode**: Choose between "Standard Deviation" or "Percentage" methods
- **Show Band #1, #2, #3**: Toggle visibility for each band
- **Band Multiplier #1, #2, #3**: Adjust the distance from VWAP (in standard deviations or percentage)
- **Show Fills**: Enable colored fills between bands for better visualization
Visualization Settings
- **Show High/Low Markers**: Display diamond markers for local high and low points relative to VWAP, these reset based on the price crossing the VWAP Line.
EMA Settings
The indicator provides 8 customizable EMAs (8, 13, 21, 26, 48, 50, 100, and 200) with individual controls:
- **Show EMA X**: Toggle visibility for each EMA
- **EMA X Period**: Adjust the period length for calculation
- **EMA X Color**: Customize the color of each EMA
- **EMA Line Width**: Set the width for all EMA lines
How to Use
Basic VWAP Analysis
The core VWAP line (blue) represents the average price weighted by volume since the start of the session (17:00 daily reset). This serves as a dynamic support/resistance level and reference point for intraday trading.
1. **Price above VWAP**: Generally bullish short-term sentiment
2. **Price below VWAP**: Generally bearish short-term sentiment
3. **Crosses of VWAP**: Potential shift in short-term momentum
Standard Deviation Bands
The bands surrounding VWAP help identify potential support, resistance, and volatility levels:
- **Band #1 (±1σ)**: Price often reverts to VWAP when reaching these levels
- **Band #2 (±2σ)**: Stronger support/resistance areas, possible reversal zones
- **Band #3 (±3σ)**: Extreme price levels, often indicating overbought/oversold conditions
High/Low Point Detection
Purple and yellow diamond markers identify significant swing highs and lows relative to VWAP, helping you recognize potential reversal points or continuation patterns. (These repaint in a effort to find the max high/low point from the VWAP Line)
EMA Strategy
The customizable EMAs can be used to:
- Find potential support/resistance levels
- Create crossover systems
- Analyze market structure
Common EMA combinations include:
- 8 & 21 for short-term trends
- 50 & 200 for long-term trends and the "Golden Cross/Death Cross"
- 13 & 48 for the "New Golden Cross" - a modern alternative gaining popularity among traders
- 8, 13, 21 for complex short-term momentum analysis
Advanced Usage Tips
For Day Traders
1. **Opening Range Analysis**: Watch how price reacts to VWAP in the first hour of trading
2. **VWAP Reversions**: Look for trades when price touches outer bands and reverses toward VWAP
3. **Band Breakouts**: Strong moves beyond Band #2 may indicate momentum for continuation
For Swing Traders
1. **Use alongside daily/weekly support-resistance levels**
2. **Combine with EMA crossovers for trend confirmation**
3. **Identify potential reversal zones where price reaches Band #3**
Combined Strategies
- **EMA + VWAP Confluence**: Strong signals occur when EMA lines and VWAP/bands align at the same price level
- **High/Low + Band Touch**: When a high/low marker appears near a band, it may indicate a stronger support/resistance level
Conclusion
The VWAP Horizon Suite Optimized provides a comprehensive set of tools for price analysis based on volume-weighted data and exponential averages. By understanding and properly configuring the various components, you can create a powerful visual framework for identifying potential trading opportunities across multiple timeframes.
Remember that no indicator provides perfect signals, and the VWAP Horizon Suite works best when used as part of a complete trading strategy that includes risk management, multiple confirmation tools, and proper analysis of market conditions.
DISCLAIMER
**DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.**
Advanced Support and Resistance Levels[MAP]Advanced Support and Resistance Levels Indicator
Author
Developed by:
Overview
The "Advanced Support and Resistance Levels" indicator, created, is a sophisticated tool designed for TradingView's Pine Script v6 platform. It identifies and plots key support and resistance levels on a price chart, enhancing technical analysis by incorporating pivot strength, volume weighting, and level decay. The indicator overlays lines, zones, and labels on the chart, providing a visual representation of significant price levels where the market has historically reversed or consolidated.
Purpose
This indicator, authored by , aims to:
Detect significant pivot points (highs and lows) with customizable strength requirements.
Track and rank support/resistance levels based on their recency, volume, and number of touches.
Display these levels as lines and optional zones, with strength-based visual cues (e.g., line thickness and opacity).
Offer flexibility through user-configurable settings to adapt to different trading styles and market conditions.
Features
Pivot Detection:
Identifies high and low pivots using a strength parameter, requiring a specified number of bars on either side where no higher highs or lower lows occur.
Incorporates closing price checks and SMA-based trend confirmation to filter out noise and ensure pivots align with the broader market direction.
Level Management:
Maintains a dynamic array of levels with attributes: price, type (support/resistance), bars since last touch, strength, and volume.
Merges nearby levels within a tolerance percentage, updating prices with a strength-weighted average.
Prunes weaker or older levels when exceeding the maximum allowed, prioritizing those with higher calculated strength.
Strength Calculation:
Combines the number of touches (strength), volume (if enabled), and age decay (if enabled) into a single metric.
Volume weighting uses a logarithmic scale to emphasize high-volume pivots without over-amplifying extreme values.
Age decay reduces the importance of older levels over time, ensuring relevance to current price action.
Visualization:
Draws horizontal lines at each level, with thickness reflecting the number of touches (up to a user-defined maximum).
Optional price zones around levels, sized as a percentage of the price, to indicate areas of influence.
Labels display the level type (S for support, R for resistance), price, and strength score, with position (left or right) customizable.
Line opacity varies with strength, providing a visual hierarchy of level significance.
Plots small triangles at detected pivot points for reference.
Inputs
Lookback Period (lookback, default: 20): Number of bars to consider for trend confirmation via SMA. Range: 5–100.
Pivot Strength (strength, default: 2): Number of bars required on each side of a pivot to confirm it. Range: 1–10.
Price Tolerance % (tolerance, default: 0.5): Percentage range for merging similar levels. Range: 0.1–5.
Max Levels to Show (maxLevels, default: 10): Maximum number of levels displayed. Range: 2–50.
Zone Size % (zoneSizePercent, default: 0.1): Size of the S/R zone as a percentage of the price. Range: 0–1.
Line Width (lineWidth, default: 1): Maximum thickness of level lines. Range: 1–5.
Show Labels (showLabels, default: true): Toggle visibility of level labels.
Label Position (labelPos, default: "Right"): Position of labels ("Left" or "Right").
Level Strength Decay (levelDecay, default: true): Enable gradual reduction in strength for older levels.
Volume Weighting (volumeWeight, default: true): Incorporate volume into level strength calculations.
Support Color (supportColor, default: green): Color for support levels.
Resistance Color (resistColor, default: red): Color for resistance levels.
How It Works
Pivot Detection:
Checks for pivots only after enough bars (2 * strength) have passed.
A high pivot requires strength bars before and after with no higher highs or closes, and a short-term SMA above a long-term SMA.
A low pivot requires strength bars before and after with no lower lows or closes, and a short-term SMA below a long-term SMA.
Level Tracking:
New pivots create levels with initial strength and volume.
Existing levels within tolerance are updated: strength increases, volume takes the maximum value, and price adjusts via a weighted average.
Levels older than lookback * 4 bars with strength below 0.5 are removed.
If the number of levels exceeds maxLevels, the weakest (by calculated strength) are pruned using a selection sort algorithm.
Drawing:
Updates on the last confirmed bar or in real-time.
Lines extend lookback bars left and right from the current bar, with thickness based on touches.
Zones (if enabled) are drawn symmetrically around the level price.
Labels show detailed info, with opacity tied to strength.
Usage
Add to Chart: Apply the indicator to any TradingView chart via the Pine Script editor, as designed by .
Adjust Settings: Customize inputs to match your trading strategy (e.g., increase strength for stronger pivots, adjust tolerance for tighter level merging).
Interpret Levels: Focus on thicker, less transparent lines for stronger levels; use zones to identify potential reversal areas.
Combine with Other Tools: Pair with trend indicators or oscillators for confluence in trading decisions.
Notes
Performance: The indicator uses arrays and sorting, which may slow down on very long charts with many levels. Keep maxLevels reasonable for efficiency.
Accuracy: Enhanced by trend confirmation and volume weighting, making it more reliable than basic S/R indicators, thanks to 's design.
Limitations: Real-time updates may shift levels as new pivots form; historical levels are more stable.
Example Settings
For day trading: lookback=10, strength=1, tolerance=0.3, maxLevels=5.
For swing trading: lookback=50, strength=3, tolerance=0.7, maxLevels=10.
Credits
Author: – Creator of this advanced support and resistance tool, blending precision and customization for traders.
Profit Hunter @DaviddTechProfit Hunter @DaviddTech is an advanced multi-strategy indicator designed to give traders a significant edge in identifying high-probability trading opportunities across all market conditions. By combining the power of T3 adaptive moving averages, ADX-based trend strength analysis, SuperTrend trailing stops, and dynamic support/resistance detection, this indicator delivers a complete trading system in one powerful package.
## 📊 Recommended Usage
Timeframes: Most effective on 1H, 4H, and Daily charts for swing trading; 5M and 15M for day trading
Markets: Works across all markets including Forex, Crypto, Indices, and Stocks
Setup Guidelines: Look for T3 crossovers with strong ADX readings (>25) coinciding with breakout signals (yellow dots/red crosses) near key support/resistance levels for highest probability entries
## 🔥 Key Features:
### T3 Adaptive Trend Detection:
Utilizes premium T3 adaptive indicators instead of standard EMAs for superior smoothing and accuracy
Dynamic color-shifting cloud formation between fast and slow T3 lines reveals immediate trend direction
Proprietary transparency algorithm intensifies cloud colors during strong trends based on real-time ADX readings
### Advanced Support & Resistance Mapping:
Automatically identifies and marks key market structure levels during T3 crossovers
Dynamic horizontal level plotting with optional extension for monitoring future price interactions
Intelligent level validation - converts to dotted lines when price breaks through, maintaining visual clarity
### SuperTrend Trailing Stoploss System:
Professional-grade white trailing stop indicator adapts to market volatility using ATR calculations
Generates precise entry and exit signals with optional buy/sell labels at critical reversal points
Visual trend state highlighting for immediate assessment of current market position
### Breakout Detection & Confirmation:
Sophisticated dual-algorithm breakout system combining Bollinger Bands and Keltner Channels
Visual breakout alerts with yellow dots (bullish) and red crosses (bearish) for instant pattern recognition
Validates breakouts against T3 trend direction to minimize false signals
### Alpha Edge Color System:
Utilizes DaviddTech's signature color scheme with bullish green and bearish pink
Revolutionary transparency algorithm translates ADX readings into precise visual intensity
Higher ADX values produce more vivid colors, instantly communicating trend strength without additional indicators
## 💰 Trading Applications:
Alpha Discovery: Identify emerging trends before the majority of market participants
Precision Entry/Exit: Use SuperTrend signals combined with support/resistance levels for optimal trade execution
Risk Management: Set stops based on the white trailing stoploss line for mathematically-optimized protection
Trend Confirmation: Validate setups using the T3 cloud direction and ADX-based intensity
Breakout Trading: Capture explosive moves with confirmed Bollinger/Keltner breakout signals
Swing Position Management: Monitor extended support/resistance levels for multi-day positioning
## ✨ Strategy Example
As shown in the chart image, ideal entries occur when:
The T3 cloud turns bullish (green) or bearish (pink) with strong color intensity
A yellow dot (bullish) or red cross (bearish) breakout signal appears
Price respects the white SuperTrend line as support/resistance
The trade aligns with key horizontal support/resistance levels identified by the indicator
## 📝 Attribution
This indicator builds upon and enhances concepts from:
Market Trend Levels Detector by BigBeluga (support/resistance detection framework)
T3 indicator implementation by DaviddTech (adaptive moving average system)
Average Directional Index (ADX) methodology for trend strength measurement
Profit Hunter @DaviddTech represents the culmination of advanced technical analysis methodologies in one seamless system.
Pso Volume Profile # Volume Profile with Dynamic Support and Resistance
## Overview
This Pine Script indicator for TradingView creates a comprehensive volume profile display with automatic support and resistance levels based on significant volume nodes. The indicator analyzes price action and volume data to identify key levels where trading activity has been concentrated, helping traders identify potential reversal or continuation zones.
## Key Features
### Volume Profile Analysis
- Displays a horizontal volume profile on the right side of the chart
- Divides volume into bid (buying) and ask (selling) components
- Color-codes bid and ask volumes differently for easy identification
- Customizable profile width, opacity, and placement
### Dynamic Support and Resistance Detection
- Automatically identifies significant price levels based on volume concentration
- Uses an adjustable percentile threshold to filter for the most important levels
- Color-codes support/resistance lines based on bid/ask dominance:
- Red lines: Bid-dominant levels (more buying pressure)
- Green lines: Ask-dominant levels (more selling pressure)
- Extends lines across the chart for clear visualization
### Customization Options
- Adjustable lookback period for volume analysis
- Configurable number of price divisions (bars)
- User-selectable volume percentile threshold (50-100%)
- Customizable colors for all elements
- Adjustable line length and position
## How It Works
1. The indicator divides the price range into a specified number of horizontal zones
2. It analyzes historical price and volume data within the lookback period
3. For each price zone, it calculates the total volume and separates bid/ask components
4. It identifies zones with volume exceeding the user-defined percentile threshold
5. It draws color-coded horizontal lines at these significant levels, extending across the chart
6. Lines are colored based on whether buying or selling was dominant at each level
## Usage Guidelines
- Higher percentile values (80-95%) will show fewer, but more significant levels
- Lower values (50-70%) will show more potential support/resistance zones
- Red lines often represent potential support levels (buyer-dominated)
- Green lines often represent potential resistance levels (seller-dominated)
- Areas where multiple lines cluster indicate highly significant zones
## Applications
- Identifying key price levels for entry and exit points
- Recognizing potential reversal zones
- Setting strategic stop-loss and take-profit levels
- Confirming support/resistance levels from other technical analysis methods
- Understanding the volume distribution and market structure
This indicator combines volume profile analysis with automatic support/resistance detection, providing traders with a powerful tool to identify significant price levels based on actual trading activity rather than just price patterns.
Consecutive Close Tracker (CCT)Consecutive Close Tracker (CCT) Indicator
The Consecutive Close Tracker (CCT) is a powerful momentum and breakout detection tool designed to identify consecutive bullish and bearish closes, potential reversals, and breakout points. By tracking consecutive candle closes and plotting key levels, this indicator provides traders with visual cues to recognize trend continuations, reversals, and breakout opportunities effectively.
🔹 Key Features of CCT
1️⃣ Consecutive Move Lines (Green/Red/Yellow Lines)
Tracks three consecutive bullish or bearish closes.
If the fourth candle confirms the trend, a green line (bullish) or red line (bearish) is drawn.
If the fourth candle fails to confirm, a yellow line is drawn, signaling potential indecision.
Helps traders spot trend continuations and exhaustion points.
2️⃣ Reversal Detection Lines (Cyan & Light Red)
Identifies bullish and bearish reversals based on three higher/lower closes followed by a reversal.
A cyan line indicates a bullish reversal, while a light red line signals a bearish reversal.
Useful for traders looking for trend reversals and key turning points.
3️⃣ Breakout Line (Dynamic Resistance/Support Level)
Automatically calculates a breakout level based on the previous timeframe’s open and close.
Can be customized to use different timeframes (e.g., hourly, daily, weekly).
Acts as a dynamic resistance or support level, helping traders determine breakout opportunities.
🔍 How to Use the Indicator?
✅ 1. Spotting Trend Continuations with Consecutive Move Lines
Green Line: Three consecutive bullish closes followed by a fourth higher close.
🚀 Indicates strong buying pressure & potential uptrend continuation.
Red Line: Three consecutive bearish closes followed by a fourth lower close.
📉 Indicates strong selling pressure & potential downtrend continuation.
Yellow Line: Three consecutive closes, but the fourth candle fails to confirm.
⚠️ Signals possible indecision or trend exhaustion.
🔥 Best Strategy:
If a green line appears near support, consider long entries.
If a red line appears near resistance, consider short entries.
If a yellow line appears, wait for further confirmation before entering a trade.
✅ 2. Identifying Trend Reversals with Reversal Lines
Cyan Line: A bearish trend with three consecutive lower closes, followed by a bullish candle → Possible uptrend reversal.
Light Red Line: A bullish trend with three consecutive higher closes, followed by a bearish candle → Possible downtrend reversal.
🔥 Best Strategy:
If a cyan line appears near a major support level, look for long entry opportunities.
If a light red line appears near resistance, prepare for a potential short entry.
Use these lines in combination with candlestick patterns (e.g., bullish engulfing, pin bars) for confirmation.
✅ 3. Using the Breakout Line for Key Entry & Exit Points
The breakout line represents a key dynamic level (midpoint of the previous timeframe’s open & close).
If price breaks above the breakout line, it suggests bullish momentum → Consider long trades.
If price breaks below the breakout line, it suggests bearish momentum → Consider short trades.
🔥 Best Strategy:
Use the breakout line in combination with support & resistance levels.
When price approaches the breakout line, watch for confirmation candles before entering a trade.
The breakout line can also act as a stop-loss or take-profit level.
🎯 How to Utilize CCT Effectively?
✅ For Intraday Traders
Use the consecutive close tracker on a 5M or 15M chart to catch short-term trends.
Watch for reversal lines near major intraday support/resistance for quick scalping opportunities.
Use the breakout line from the hourly chart to identify potential trend shifts.
✅ For Swing Traders
Apply the indicator on 1H, 4H, or daily charts to track medium-term trends.
Look for green/red lines near key Fibonacci retracement or pivot levels.
Use reversal lines to detect early trend reversals before bigger moves occur.
✅ For Breakout Traders
Focus on the breakout line on higher timeframes (e.g., 1H, 4H, Daily) to identify strong momentum shifts.
If price crosses the breakout line with strong volume, enter trades with trend confirmation.
Place stop-loss just below the breakout level for controlled risk management.
🏆 Final Thoughts
The Consecutive Close Tracker (CCT) is a powerful momentum and reversal indicator that helps traders:
✅ Identify strong trend continuations (green/red lines).
✅ Detect early reversal points (cyan/light red lines).
✅ Use a dynamic breakout line for better trade entries & exits.
Whether you’re an intraday trader, swing trader, or breakout trader, this tool can enhance your market insights and improve your trading decisions. 📈🔥
🚀 Try it out, and integrate it with your strategy to maximize its potential! 🚀
