Multi-Timeframe S&R V1

31 Jan

The Multi-Timeframe S&R V1 is a clean and powerful technical indicator designed to visualize key Support and Resistance (S&R) levels from multiple timeframes directly on your chart.
Instead of drawing lines manually, this tool automates the process by plotting critical levels from the previous day, week, and month.

This indicator is ideal for traders focusing on Price Action, Market Structure (HH/HL), or Mean Reversion strategies.

Key Features:

Daily Levels (D): Displays yesterday's High and Low, along with the current Daily Open. Essential for intraday trading and identifying the daily bias.

Weekly Levels (W): Plots the High and Low from the previous week. These often act as major psychological levels where significant price reactions occur.

Monthly Levels (M): Shows the High and Low of the previous month for a macro perspective on the market.

Dynamic Labels: Each level is clearly labeled on the right side of the chart (e.g., "D-high", "W-low", "M-high") for instant identification.

Fully Customizable: Toggle the visibility of each timeframe (D, W, M) independently via the settings to keep your chart clean and focused.

Visual Hierarchy: Lines are distinguished by varying thicknesses and colors, allowing you to assess the importance of a level at a single glance.

How to Use:
Support & Resistance: Use these lines as potential bounce or breakout zones.

Trend Confirmation: Combine these levels with your own Market Structure analysis (Higher Highs / Higher Lows).

Targeting: Utilize weekly or monthly extremes as Take Profit targets or Stop Loss reference points.

7 Feb

Catatan Rilis

Neutral Zone & Multi-Timeframe Trend Dashboard

This script is an advanced trading tool that combines Intraday Bias with Institutional Support & Resistance (S&R) levels. It is designed to help traders distinguish between high-probability trend breakouts and market noise (consolidation) in a single glance.

The 3 Pillars of the Script:

1.
The 1% Neutral Zone (Intraday Bias)
The script plots a gray "Neutral Zone" (default 1%, adjustable) around the Daily Open.
Neutral: As long as the price remains within this zone, the market is considered "ranging" or "choppy."
Bullish/Bearish: A close outside this zone establishes the intraday bias, signaling a potential trend for the day.

2.
Multi-Timeframe S&R Levels
The script automatically retrieves and plots critical levels from higher timeframes:
Daily: Yesterday's High, Low, and Today's Open.
Weekly: Previous Week's High and Low.
Monthly: Previous Month's High and Low.
These lines act as natural magnets or barriers for price action.

3.
The Trend Score & Dashboard (The "Engine")
An on-chart dashboard calculates a Trend Score on a scale of -3 to +3:
Score +3 (Strong Bull): Price is > Neutral Zone, > Weekly High, AND > Monthly High. (Maximum Confluence).
Score 0 (Neutral): The market lacks direction across the different timeframes.
Score -3 (Strong Bear): Price is < Neutral Zone, < Weekly Low, AND < Monthly Low.

How to Read the Dashboard:

Component --> Explanation
Trend Score --> The sum of Daily, Weekly, and Monthly breakouts (+1 point per timeframe).
Status --> Describes the current trend strength (e.g., "Strong Bull," "Neutral," or "Bearish").
Weekly --> Displays whether the price is trading Above, Below, or Inside the previous week's range.
Monthly --> Displays whether the price is trading Above, Below, or Inside the previous month's range.

Trading Strategy:

This system is ideal for identifying high-conviction breakout opportunities. The most powerful signals occur when the Trend Score jumps from 0 to +1 or +2 as the price exits the gray Neutral Zone. A score of +3 indicates a "Blue Sky" scenario where all major timeframes are aligned in a bullish direction.

8 Feb

Catatan Rilis

Label Visibility Update:
"Improved label positioning by anchoring them to the right margin (bar_index + offset). This prevents labels from overlapping with price candles and ensures they remain clearly visible in the chart's whitespace for a cleaner look."

20 Feb

Catatan Rilis

Update: Multi-Timeframe Trend Scoring System (V3)

I have significantly upgraded the Trend Score logic to provide a more objective view of market momentum. Instead of relying on fixed percentages, the indicator now uses a 4-point Confluence System based on key structural levels:

1. Daily Open: Bullish above / Bearish below today's opening price.
   
2. Daily Range (PDH/PDL): Score increases when breaking yesterday's High/Low.
   
3. Weekly Range (PWH/PWL): Tracks breakouts from last week's price action.
   
4. Monthly Range (PMH/PML): Identifies long-term trend alignment.
   

Key Features:

• Dynamic Score (-4 to +4): Quickly identify "Extreme Bullish" (+4) or "Extreme Bearish" (-4) conditions when all timeframes align.
  
• Neutral Zone: A customizable visual "gray zone" around the Daily Open to help identify indecision periods.
  
• Clean Dashboard: Real-time table showing the exact status (Above/Below/Inside) for Daily, Weekly, and Monthly ranges.
  
• Auto-Cleaning Labels: Labels now automatically stay at the most recent price point for a clutter-free chart.
  

This update removes the guesswork by focusing purely on price action relative to previous period extremes. Ideal for trend-following and identifying high-probability breakout setups.