Mulai

Daytrading

Intraday LevelsWhat it shows: This indicator is useful for day trading, where it will track and display you important price levels which includes: Premarket Low (PML) Premarket High (PMH) Previous Day Low (PDL) Previous Day High (PDH) Previous Day Close (PDC) After Hours Low (AHL) After Hours High (AHH) Day Low (DL) Day High (DH) The price level lines and labels will automatically adjust itself as the price moves, eliminating the need of manually having to adjusting these levels. How to use it: At these levels it can act as important support resistance points during the day and can often serve as a important pivot point for any ticker. You can expect price rejection or bounce when the price approaches these levels. Key settings: For each of the levels, user can adjust in the settings menu: Line Colour Line Thickness Line Style Label Text Price Labelling on Label Label Location (Offset from current bar) Ability to turn on/off the price level and label Display levels for either all days or on the day
Indikator Pine Script®
oleh Mereep01
14
Hourly Volatility Explorer📊 Hourly Volatility Explorer: Master The Market's Pulse Unlock the hidden rhythms of price action with this sophisticated volatility analysis tool. The Hourly Volatility Explorer reveals the most potent trading hours across multiple time zones, giving you a strategic edge in timing your trades. 🌟 Key Features: ⏰ Multi-Timezone Analysis • GMT (UTC+0) • EST (UTC-5) - New York • BST (UTC+1) - London • JST (UTC+9) - Tokyo • AEST (UTC+10) - Sydney Perfect for tracking major market sessions and their overlaps! 📈 Dynamic Visualization • Color-gradient hourly bars for instant pattern recognition • Real-time volatility comparison • Interactive data table with comprehensive statistics • Automatic highlighting of peak volatility periods 🎯 Strategic Applications: Day Trading: • Identify optimal trading windows • Avoid low-liquidity periods • Capitalize on session overlaps • Fine-tune entry/exit timing Risk Management: • Set appropriate stop losses based on hourly volatility • Adjust position sizes for different market hours • Optimize risk-reward ratios • Plan around high-impact hours Global Market Analysis: • Track volatility across all major sessions • Spot institutional trading patterns • Identify quiet vs. active periods • Monitor 24/7 market dynamics 💡 Perfect For: • Forex traders navigating global sessions • Crypto traders in 24/7 markets • Day traders optimizing execution times • Algorithmic traders fine-tuning strategies • Risk managers calibrating exposure 📊 Advanced Features: • Rolling 3-month analysis for reliable patterns • Precise pip movement calculations • Sample size tracking for statistical validity • Real-time current hour comparison • Color-coded visual system for instant insights ⚡ Pro Trading Tips: • Use during major session overlaps for maximum opportunity • Compare patterns across different instruments • Combine with volume analysis for deeper insights • Track seasonal variations in hourly patterns • Build trading schedules around peak hours 🎓 Educational Value: • Understand market microstructure • Learn global market dynamics • Master timezone relationships • Develop timing intuition 🛠️ Customization: • Adjustable lookback period • Flexible pip multiplier • Multiple timezone options • Visual preference settings Whether you're scalping the 1-minute chart or managing longer-term positions, the Hourly Volatility Explorer provides the precise timing intelligence needed for today's global markets. Transform your trading schedule from guesswork to science. Know exactly when markets move, why they move, and how to position yourself for maximum opportunity. #TechnicalAnalysis #Trading #Volatility #MarketTiming #DayTrading #Forex #Crypto #TradingView #PineScript #MarketAnalysis #TradingStrategy #RiskManagement #GlobalMarkets #FinancialMarkets #TradingTools #MarketStructure #PriceAction #Scalping #SwingTrading #AlgoTrading
Indikator Pine Script®
oleh sebamarghella
3
Ultimate Stochastics Strategy by NHBprod Use to Day Trade BTCHey All! Here's a new script I worked on that's super simple but at the same time useful. Check out the backtest results. The backtest results include slippage and fees/commission, and is still quite profitable. Obviously the profitability magnitude depends on how much capital you begin with, and how much the user utilizes per order, but in any event it seems to be profitable according to backtests. This is different because it allows you full functionality over the stochastics calculations which is designed for random datasets. This script allows you to: Designate ANY period of time to analyze and study Choose between Long trading, short trading, and Long & Short trading It allows you to enter trades based on the stochastics calculations It allows you to EXIT trades using the stochastics calculations or take profit, or stop loss, Or any combination of those, which is nice because then the user can see how one variable effects the overall performance. As for the actual stochastics formula, you get control, and get to SEE the plot lines for slow K, slow D, and fast K, which is usually not considered. You also get the chance to modify the smoothing method, which has not been done with regular stochastics indicators. You get to choose the standard simple moving average (SMA) method, but I also allow you to choose other MA's such as the HMA and WMA. Lastly, the user gets the option of using a custom trade extender, which essentially allows a buy or sell signal to exist for X amount of candles after the initial signal. For example, you can use "max bars since signal" to 1, and this will allow the indicator to produce an extra sequential buy signal when a buy signal is generated. This can be useful because it is possible that you use a small take profit (TP) and quickly exit a profitable trade. With the max bars since signal variable, you're able to reenter on the next candle and allow for another opportunity. Let me know if you have any questions! Please take a look at the performance report and let me know your thoughts! :)
Strategi Pine Script®
oleh nhbprod
Overnight vs Intra-day Performance█ STRATEGY OVERVIEW The "Overnight vs Intra-day Performance" indicator quantifies price behaviour differences between trading hours and overnight periods. It calculates cumulative returns, compound growth rates, and visualizes performance components across user-defined time windows. Designed for analytical use, it helps identify whether returns are primarily generated during market hours or overnight sessions. █ USAGE Use this indicator on Stocks and ETFs to visualise and compare intra-day vs overnight performance █ KEY FEATURES Return Segmentation : Separates total returns into overnight (close-to-open) and intraday (open-to-close) components Growth Tracking : Shows simple cumulative returns and compound annual growth rates (CAGR) █ VISUALIZATION SYSTEM 1. Time-Series Overnight Returns (Red) Intraday Returns (Blue) Total Returns (White) 2. Summary Table Displays CAGR 3. Price Chart Labels Floating annotations showing absolute returns and CAGR Color-coded to match plot series █ PURPOSE Quantify market behaviour disparities between active trading sessions and overnight positioning Provide institutional-grade attribution analysis for returns generation Enable tactical adjustment of trading schedules based on historical performance patterns Serve as foundational research for session-specific trading strategies █ IDEAL USERS 1. Portfolio Managers Analyse overnight risk exposure across holdings Optimize execution timing based on return distributions 2. Quantitative Researchers Study market microstructure through time-segmented returns Develop alpha models leveraging session-specific anomalies 3. Market Microstructure Analysts Identify liquidity patterns in overnight vs daytime sessions Research ETF premium/discount mechanics 4. Day Traders Align trading hours with highest probability return windows Avoid overnight gaps through informed position sizing
Indikator Pine Script®
oleh Botnet101
Buy on 5 day low Strategy█ STRATEGY DESCRIPTION The "Buy on 5 Day Low Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price drops below the lowest low of the previous five days. It enters a long position when specific conditions are met and exits when the price exceeds the high of the previous day. This strategy is optimized for use on daily or higher timeframes. █ WHAT IS THE 5-DAY LOW? The 5-Day Low is the lowest price observed over the last five days. This level is used as a reference to identify potential oversold conditions and reversal points. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price is below the lowest low of the previous five days (`close < _lowest `). The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous day (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around key support levels. It is sensitive to oversold conditions, as indicated by the 5-Day Low, and overbought conditions, as indicated by the previous day's high. Backtesting results should be analyzed to optimize the strategy for specific instruments and market conditions.
Strategi Pine Script®
oleh Botnet101
3-Bar Low Strategy█ STRATEGY DESCRIPTION The "3-Bar Low Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price drops below the lowest low of the previous three bars. It enters a long position when specific conditions are met and exits when the price exceeds the highest high of the previous seven bars. This strategy is suitable for use on various timeframes. █ WHAT IS THE 3-BAR LOW? The 3-Bar Low is the lowest price observed over the last three bars. This level is used as a reference to identify potential oversold conditions and reversal points. █ WHAT IS THE 7-BAR HIGH? The 7-Bar High is the highest price observed over the last seven bars. This level is used as a reference to identify potential overbought conditions and exit points. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price is below the lowest low of the previous three bars (`close < _lowest `). The signal occurs within the specified time window (between `Start Time` and `End Time`). If the EMA Filter is enabled, the close price must also be above the 200-period Exponential Moving Average (EMA). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the highest high of the previous seven bars (`close > _highest `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS MA Period: The lookback period for the 200-period EMA used in the EMA Filter. Default is 200. Use EMA Filter: Enables or disables the EMA Filter for long entries. Default is disabled. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around key support and resistance levels. It is sensitive to oversold conditions, as indicated by the 3-Bar Low, and overbought conditions, as indicated by the 7-Bar High. Backtesting results should be analyzed to optimize the MA Period and EMA Filter settings for specific instruments.
Strategi Pine Script®
oleh Botnet101
Bollinger Bands Reversal + IBS Strategy█ STRATEGY DESCRIPTION The "Bollinger Bands Reversal Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price deviates below the lower Bollinger Band and the Internal Bar Strength (IBS) indicates oversold conditions. It enters a long position when specific conditions are met and exits when the IBS indicates overbought conditions. This strategy is suitable for use on various timeframes. █ WHAT ARE BOLLINGER BANDS? Bollinger Bands consist of three lines: - **Basis**: A Simple Moving Average (SMA) of the price over a specified period. - **Upper Band**: The basis plus a multiple of the standard deviation of the price. - **Lower Band**: The basis minus a multiple of the standard deviation of the price. Bollinger Bands help identify periods of high volatility and potential reversal points. █ WHAT IS INTERNAL BAR STRENGTH (IBS)? Internal Bar Strength (IBS) is a measure of where the closing price is relative to the high and low of the bar. It is calculated as: IBS = (Close - Low) / (High - Low) A low IBS value (e.g., below 0.2) indicates that the close is near the low of the bar, suggesting oversold conditions. A high IBS value (e.g., above 0.8) indicates that the close is near the high of the bar, suggesting overbought conditions. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The IBS value is below 0.2, indicating oversold conditions. The close price is below the lower Bollinger Band. The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the IBS value exceeds 0.8, indicating overbought conditions. This prompts the strategy to exit the position. █ ADDITIONAL SETTINGS Length: The lookback period for calculating the Bollinger Bands. Default is 20. Multiplier: The number of standard deviations used to calculate the upper and lower Bollinger Bands. Default is 2.0. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for mean-reverting markets and performs best when the price frequently deviates from the Bollinger Bands. It is sensitive to oversold and overbought conditions, as indicated by the IBS, which helps to identify potential reversals. Backtesting results should be analyzed to optimize the Length and Multiplier parameters for specific instruments.
Strategi Pine Script®
oleh Botnet101
Average High-Low Range + IBS Reversal Strategy█ STRATEGY DESCRIPTION The "Average High-Low Range + IBS Reversal Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price deviates significantly from its average high-low range and the Internal Bar Strength (IBS) indicates oversold conditions. It enters a long position when specific conditions are met and exits when the price shows strength by exceeding the previous bar's high. This strategy is suitable for use on various timeframes. █ WHAT IS THE AVERAGE HIGH-LOW RANGE? The Average High-Low Range is calculated as the Simple Moving Average (SMA) of the difference between the high and low prices over a specified period. It helps identify periods of increased volatility and potential reversal points. █ WHAT IS INTERNAL BAR STRENGTH (IBS)? Internal Bar Strength (IBS) is a measure of where the closing price is relative to the high and low of the bar. It is calculated as: IBS = (Close - Low) / (High - Low) A low IBS value (e.g., below 0.2) indicates that the close is near the low of the bar, suggesting oversold conditions. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price has been below the buy threshold (calculated as `upper - (2.5 * hl_avg)`) for a specified number of consecutive bars (`bars_below_threshold`). The IBS value is below the specified buy threshold (`ibs_buy_treshold`). The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Length: The lookback period for calculating the average high-low range. Default is 20. Bars Below Threshold: The number of consecutive bars the price must remain below the buy threshold to trigger a Buy Signal. Default is 2. IBS Buy Threshold: The IBS value below which a Buy Signal is triggered. Default is 0.2. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for mean-reverting markets and performs best when the price frequently deviates from its average high-low range. It is sensitive to oversold conditions, as indicated by the IBS, which helps to identify potential reversals. Backtesting results should be analyzed to optimize the Length, Bars Below Threshold, and IBS Buy Threshold parameters for specific instruments.
Strategi Pine Script®
oleh Botnet101
Turn of the Month Strategy on Steroids█ STRATEGY DESCRIPTION The "Turn of the Month Strategy on Steroids" is a seasonal mean-reversion strategy designed to capitalize on price movements around the end of the month. It enters a long position when specific conditions are met and exits when the Relative Strength Index (RSI) indicates overbought conditions. This strategy is optimized for use on daily or higher timeframes. █ WHAT IS THE TURN OF THE MONTH EFFECT? The Turn of the Month effect refers to the observed tendency of stock prices to rise around the end of the month. This strategy leverages this phenomenon by entering long positions when the price shows signs of a reversal during this period. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The current day of the month is greater than or equal to the specified `dayOfMonth` threshold (default is 25). The close price is lower than the previous day's close (`close < close `). The previous day's close is also lower than the close two days ago (`close < close `). The signal occurs within the specified time window (between `Start Time` and `End Time`). There is no existing open position (`strategy.position_size == 0`). 2. EXIT CONDITION A Sell Signal is generated when the 2-period RSI exceeds 65, indicating overbought conditions. This prompts the strategy to exit the position. █ ADDITIONAL SETTINGS Day of Month: The day of the month threshold for triggering a Buy Signal. Default is 25. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed to exploit seasonal price patterns around the end of the month. It performs best in markets where the Turn of the Month effect is pronounced. Backtesting results should be analyzed to optimize the `dayOfMonth` threshold and RSI parameters for specific instruments.
Strategi Pine Script®
oleh Botnet101
Consecutive Bars Above/Below EMA Buy the Dip Strategy█ STRATEGY DESCRIPTION The "Consecutive Bars Above/Below EMA Buy the Dip Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price dips below a moving average for a specified number of consecutive bars. It enters a long position when the dip condition is met and exits when the price shows strength by exceeding the previous bar's high. This strategy is suitable for use on various timeframes. █ WHAT IS THE MOVING AVERAGE? The strategy uses either a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) as a reference for identifying dips. The type and length of the moving average can be customized in the settings. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price is below the selected moving average for a specified number of consecutive bars (`consecutiveBarsTreshold`). The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Consecutive Bars Threshold: The number of consecutive bars the price must remain below the moving average to trigger a Buy Signal. Default is 3. MA Type: The type of moving average used (SMA or EMA). Default is SMA. MA Length: The length of the moving average. Default is 5. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around the moving average. It is sensitive to the number of consecutive bars below the moving average, which helps to identify potential dips. Backtesting results should be analysed to optimize the Consecutive Bars Threshold, MA Type, and MA Length for specific instruments.
Strategi Pine Script®
oleh Botnet101
Turn around Tuesday on Steroids Strategy█ STRATEGY DESCRIPTION The "Turn around Tuesday on Steroids Strategy" is a mean-reversion strategy designed to identify potential price reversals at the start of the trading week. It enters a long position when specific conditions are met and exits when the price shows strength by exceeding the previous bar's high. This strategy is optimized for ETFs, stocks, and other instruments on the daily timeframe. █ WHAT IS THE STARTING DAY? The Starting Day determines the first day of the trading week for the strategy. It can be set to either Sunday or Monday, depending on the instrument being traded. For ETFs and stocks, Monday is recommended. For other instruments, Sunday is recommended. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The current day is the first day of the trading week (either Sunday or Monday, depending on the Starting Day setting). The close price is lower than the previous day's close (`close < close `). The previous day's close is also lower than the close two days ago (`close < close `). The signal occurs within the specified time window (between `Start Time` and `End Time`). If the MA Filter is enabled, the close price must also be above the 200-period Simple Moving Average (SMA). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Starting Day: Determines the first day of the trading week. Options are Sunday or Monday. Default is Sunday. Use MA Filter: Enables or disables the 200-period SMA filter for long entries. Default is disabled. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for markets with frequent weekly reversals. It performs best in volatile conditions where price movements are significant at the start of the trading week. Backtesting results should be analysed to optimize the Starting Day and MA Filter settings for specific instruments.
Strategi Pine Script®
oleh Botnet101
1
Consecutive Bearish Candle Strategy█ STRATEGY DESCRIPTION The "Consecutive Bearish Candle Strategy" is a momentum-based strategy designed to identify potential reversals after a sustained bearish move. It enters a long position when a specific number of consecutive bearish candles occur and exits when the price shows strength by exceeding the previous bar's high. This strategy is optimized for use on various timeframes and instruments. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price has been lower than the previous close for at least `Lookback` consecutive bars. This indicates a sustained bearish move, suggesting a potential reversal. The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Lookback: The number of consecutive bearish bars required to trigger a Buy Signal. Default is 3. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for markets with frequent momentum shifts. It performs best in volatile conditions where price movements are significant. Backtesting results should be analysed to optimize the `Lookback` parameter for specific instruments.
Strategi Pine Script®
oleh Botnet101
4 Bar Momentum Reversal strategy█ STRATEGY DESCRIPTION The "4 Bar Momentum Reversal Strategy" is a mean-reversion strategy designed to identify price reversals following a sustained downward move. It enters a long position when a reversal condition is met and exits when the price shows strength by exceeding the previous bar's high. This strategy is optimized for indices and stocks on the daily timeframe. █ WHAT IS THE REFERENCE CLOSE? The Reference Close is the closing price from X bars ago, where X is determined by the Lookback period. Think of it as a moving benchmark that helps the strategy assess whether prices are trending upwards or downwards relative to past performance. For example, if the Lookback is set to 4, the Reference Close is the closing price 4 bars ago (`close `). █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price has been lower than the Reference Close for at least `Buy Threshold` consecutive bars. This indicates a sustained downward move, suggesting a potential reversal. The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Buy Threshold: The number of consecutive bearish bars needed to trigger a Buy Signal. Default is 4. Lookback: The number of bars ago used to calculate the Reference Close. Default is 4. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for trending markets with frequent reversals. It performs best in volatile conditions where price movements are significant. Backtesting results should be analysed to optimize the Buy Threshold and Lookback parameters for specific instruments.
Strategi Pine Script®
oleh Botnet101
1
JJ Open High and Open Low FinderThis script identifies candles where the open price matches the high price (Open High) and where the open price matches the low price (Open Low). It highlights these candles with labels directly on the chart, making it easy for traders to spot these conditions in real-time. Features : - Red "OH" label below candles for Open High. - Green "OL" label above candles for Open Low. Use this tool to enhance your trading insights. ** Disclaimer **: This script is for educational purposes only and should not be considered financial advice.
Indikator Pine Script®
oleh JoanJagan
Intelligent Support & Resistance Lines (MTF)This script automatically detects and updates key Support & Resistance (S/R) levels using a higher timeframe (MTF) approach. By leveraging volume confirmation, levels are only identified when significant volume (relative to the SMA of volume) appears. Each level is drawn horizontally in real time, and whenever the market breaks above a resistance level (and retests it), the script automatically converts that resistance into support. The opposite occurs if the market breaks below a support level. Key Features: Multi-Timeframe (MTF) Data Select a higher timeframe for more robust S/R calculations. The script fetches High, Low, Volume, and SMA of Volume from the chosen timeframe. Automatic Role Reversal Resistance becomes Support if a breakout retest occurs. Support becomes Resistance if a breakdown retest occurs. Dynamic Line Width & Labeling Each S/R line’s thickness increases with additional touches, making frequently tested levels easier to spot. Labels automatically display the number of touches (e.g., “R 3” or “S 2”) and can have adjustable text size. Volume Threshold Only significant pivots (where volume exceeds a specified multiplier of average volume) are plotted, reducing noise. Horizontal Offset for Clarity Lines are drawn with timestamps instead of bar_index, ensuring that old levels remain visible without chart limitations. Adjustable Maximum Levels Maintain a clean chart by limiting how many S/R lines remain at once. How It Works: Pivot Detection: The script identifies swing highs and lows from the higher timeframe (timeframeSR). Volume Check: Only pivots with volume ≥ (SMA Volume * volumeThreshold) qualify. Line Creation & Updates: New lines are drawn at these pivots, labeled “R #” or “S #,” indicating how many times they’ve been touched. Role Reversal: If price breaks above a resistance and retests it from above, that line is removed from the resistance array and re-created in the support array (and vice versa). Inputs: Timeframe for S/R: Choose the higher timeframe for S/R calculations. Swing Length: Number of bars to consider in a pivot calculation. Minimum Touches: Minimum required touches before drawing or updating a level. Volume Threshold (Multiplier): Determines how much volume (relative to SMA) is needed to confirm a pivot. Maximum Number of Levels: Caps how many S/R lines can be shown at once. Color for Resistance & Color for Support: Customize your preferred colors for lines and labels. Label Size: Select from "tiny", "small", "normal", "large", or "huge" to resize the labels. Disclaimer: This script is intended for educational purposes and should not be interpreted as financial or investment advice. Always conduct your own research or consult a qualified professional before making trading decisions.
Indikator Pine Script®
oleh jonathanalbrecht_trader
11
Ultra Market StructureThe Ultra Market Structure indicator detects key market structure breaks, such as Break of Structure (BoS) and Change of Character (CHoCH), to help identify trend reversals. It plots lines and labels on the chart to visualize these breakpoints with alerts for important signals. Introduction This script is designed to help traders visualize important market structure events, such as trend breaks and reversals, using concepts like Break of Structure (BoS) and Change of Character (CHoCH). The indicator highlights internal and external price levels where the market shifts direction. It offers clear visual signals and alerts to keep traders informed of potential changes in the market trend. Detailed Description The indicator focuses on detecting "market structure breaks," which occur when the price moves past significant support or resistance levels, suggesting a potential reversal or continuation of the trend. ......... Type of structure Internal Structure: Focuses on smaller, shorter-term price levels within the current market trend. External Structure: Focuses on larger, longer-term price levels that may indicate more significant shifts in the market. ..... Key events Break of Structure (BoS): A market structure break where the price surpasses a previous high (bullish BoS) or low (bearish BoS). Change of Character (CHoCH): A shift in market behavior when the price fails to continue in the same direction, indicating a possible trend reversal. Once a break or shift is detected, the script plots lines and labels on the chart to visually mark the breakpoints. It also provides alerts when a BoS or CHoCH occurs, keeping traders informed in real-time. The indicator can color the background and candles based on the market structure, making it easy to identify the current trend. ..... Special feature At news events or other momentum pushes most structure indicators will go into "sleep mode" because of too far away structure highs/lows. This indicator has a structure reset feature to solve this issue. ......... Detects Break of Structure (BoS) and Change of Character (CHoCH) signals. Marks internal and external support/resistance levels where market trends change. Provides visual cues (lines, labels) and real-time alerts for structure breaks. Offers background and candle color customization to highlight market direction.
Indikator Pine Script®
oleh Rathack
27
Forex Heatmap█   OVERVIEW This indicator creates a dynamic grid display of currency pair cross rates (exchange rates) and percentage changes, emulating the Cross Rates and Heat Map widgets available on our Forex page. It provides a view of realtime exchange rates for all possible pairs derived from a user-specified list of currencies, allowing users to monitor the relative performance of several currencies directly on a TradingView chart. █   CONCEPTS Foreign exchange The Foreign Exchange (Forex/FX) market is the largest, most liquid financial market globally, with an average daily trading volume of over 5 trillion USD. Open 24 hours a day, five days a week, it operates through a decentralized network of financial hubs in various major cities worldwide. In this market, participants trade currencies in pairs , where the listed price of a currency pair represents the exchange rate from a given base currency to a specific quote currency . For example, the "EURUSD" pair's price represents the amount of USD (quote currency) that equals one unit of EUR (base currency). Globally, the most traded currencies include the U.S. dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), and Australian dollar (AUD), with USD involved in over 87% of all trades. Understanding the Forex market is essential for traders and investors, even those who do not trade currency pairs directly, because exchange rates profoundly affect global markets. For instance, fluctuations in the value of USD can impact the demand for U.S. exports or the earnings of companies that handle multinational transactions, either of which can affect the prices of stocks, indices, and commodities. Additionally, since many factors influence exchange rates, including economic policies and interest rate changes, analyzing the exchange rates across currencies can provide insight into global economic health. █   FEATURES Requesting a list of currencies This indicator requests data for every valid currency pair combination from the list of currencies defined by the "Currency list" input in the "Settings/Inputs" tab. The list can contain up to six unique currency codes separated by commas, resulting in a maximum of 30 requested currency pairs. For example, if the specified "Currency list" input is "CAD, USD, EUR", the indicator requests and displays relevant data for six currency pair combinations: "CADUSD", "USDCAD", "CADEUR", "EURCAD", "USDEUR", "EURUSD". See the "Grid display" section below to understand how the script organizes the requested information. Each item in the comma-separated list must represent a valid currency code. If the "Currency list" input contains an invalid currency code, the corresponding cells for that currency in the "Cross rates" or "Heat map" grid show "NaN" values. If the list contains empty items, e.g., "CAD, ,EUR, ", the indicator ignores them in its data requests and calculations. NOTE: Some uncommon currency pair combinations might not have data feeds available. If no available symbols provide the exchange rates between two specified currencies, the corresponding table cells show "NaN" results. Realtime data The indicator retrieves realtime market prices, daily price changes, and minimum tick sizes for all the currency pairs derived from the "Currency list" input. It updates the retrieved information shown in its grid display after new ticks become available to reflect the latest known values. NOTE: Pine scripts execute on realtime bars only when new ticks are available in the chart's data feed. If no new updates are available from the chart's realtime feed, it may cause a delay in the data the indicator receives. Grid display This indicator displays the requested data for each currency pair in a table with cells organized as a grid. Each row name corresponds to a pair's base currency , and each column name corresponds to a quote currency . The cell at the intersection of a specific row and column shows the value requested from the corresponding currency pair. For example, the cell at the intersection of a "EUR" row and "USD" column shows the data retrieved for the "EURUSD" currency pair, and the cell at the "USD" row and "EUR" column shows data for the inverse pair ("USDEUR"). Note that the main diagonal cells in the table, where rows and columns with the same names intersect, are blank. The exchange rate from one currency to itself is always 1, and no Forex symbols such as "EUREUR" exist. The dropdown input at the top of the "Settings/Inputs" tab determines the type of information displayed in the table. Two options are available: "Cross rates" and "Heat map" . Both modes color their cells for light and dark themes separately based on the inputs in the "Colors" section. Cross rates When a user selects the "Cross rates" display mode, the table's cells show the latest available exchange rate for each currency pair, emulating the behavior of the Cross Rates widget. Each cell's value represents the amount of the quote currency (column name) that equals one unit of the base currency (row name). This display allows users to compare cross rates across currency pairs, and their inverses. The background color of each cell changes based on the most recent update to the exchange rate, allowing users to monitor the direction of short-term fluctuations as they occur. By default, the background turns green (positive cell color) when the cross rate increases from the last recorded update and red (negative cell color) when the rate decreases. The cell's color reverts to the chart's background color after no new updates are available for 200 milliseconds. Heat map When a user selects the "Heat map" display mode, the table's cells show the latest daily percentage change of each currency pair, emulating the behavior of the Heat Map widget. In this mode, the background color of each cell depends on the corresponding currency pair's daily performance. Heat maps typically use colors that vary in intensity based on the calculated values. This indicator uses the following color coding by default:  • Green (Positive cell color): Percentage change > +0.1%  • No color: Percentage change between 0.0% and +0.1%  • Bright red (Negative cell color): Percentage change < -0.1%  • Lighter/darker red (Minor negative cell color): Percentage change between 0.0% and -0.1% █   FOR Pine Script™ CODERS • This script utilizes dynamic requests to iteratively fetch information from multiple contexts using a single request.security() instance in the code. Previously, `request.*()` functions were not allowed within the local scopes of loops or conditional structures, and most `request.*()` function parameters, excluding `expression`, required arguments of a simple or weaker qualified type. The new `dynamic_requests` parameter in script declaration statements enables more flexibility in how scripts can use `request.*()` calls. When its value is `true`, all `request.*()` functions can accept series arguments for the parameters that define their requested contexts, and `request.*()` functions can execute within local scopes. See the Dynamic requests section of the Pine Script™ User Manual to learn more. • Scripts can execute up to 40 unique `request.*()` function calls. A `request.*()` call is unique only if the script does not already call the same function with the same arguments. See this section of the User Manual's Limitations page for more information. • Typically, when requesting higher-timeframe data with request.security() using barmerge.lookahead_on as the `lookahead` argument, the `expression` argument should use the history-referencing operator to offset the series, preventing lookahead bias on historical bars. However, the request.security() call in this script uses barmerge.lookahead_on without offsetting the `expression` because the script only displays results for the latest historical bar and all realtime bars, where there is no future information to leak into the past. Instead, using this call on those bars ensures each request fetches the most recent data available from each context. • The request.security() instance in this script includes a `calc_bars_count` argument to specify that each request retrieves only a minimal number of bars from the end of each symbol's historical data feed. The script does not need to request all the historical data for each symbol because it only shows results on the last chart bar that do not depend on the entire time series. In this case, reducing the retrieved bars in each request helps minimize resource usage without impacting the calculated results. Look first. Then leap.
Indikator Pine Script®
oleh TradingView
2
Dynamic Buy/Sell VisualizationDynamic Trend Visualization Indicator Description: This simple and easy to use indicator has helped me stay in trades longer. This indicator is designed to visually represent potential buy and sell signals based on the crossover of two Simple Moving Averages (SMA). It's crafted to assist traders in identifying trend directions in a straightforward manner, making it an excellent tool for both beginners and experienced traders. Features: Customizable Moving Averages: Users can adjust the period length for both short-term (default: 10) and long-term (default: 50) SMAs to suit their trading strategy. Visual Signals: Dynamic lines appear at the points of SMA crossover, with labels to indicate 'BUY' or 'SELL' opportunities. Color and Style Customization: Customize the appearance of the buy and sell lines for better chart readability. Alert Functionality: Alerts are set up to notify users when a crossover indicating a buy or sell condition occurs. How It Works: A 'BUY' signal is generated when the short-term SMA crosses above the long-term SMA, suggesting an upward trend. A 'SELL' signal is indicated when the short-term SMA crosses below the long-term SMA, pointing to a potential downward trend. Use Cases: Trend Following: Ideal for markets with clear trends. For example, if trading EUR/USD on a daily chart, setting the short SMA to 10 days and the long SMA to 50 days might help in capturing longer-term trends. Scalping: In a volatile market, setting shorter periods (e.g., 5 for short SMA and 20 for long SMA) might catch quicker trend changes, suitable for scalping. Examples of how to use * Short-term for Quick Trades: SMA 5 and SMA 21: Purpose: This combination is tailored for day traders or those looking to engage in scalping. The 5 SMA will react rapidly to price changes, providing early signals for buy or sell opportunities. The 21 SMA, being a Fibonacci number, offers a slightly longer-term view to confirm the short-term trend, helping to filter out minor fluctuations that might lead to false signals. * Middle-term for Swing Trading: SMA 10 and SMA 50: Purpose: Suited for swing traders who aim to capitalize on medium-term trends. The 10 SMA picks up on immediate market movements, while the 50 SMA gives insight into the medium-term direction. This setup helps in identifying when a short-term trend aligns with a longer-term trend, providing a good balance for trades that might last several days to a couple of weeks. * Long-term Trading: SMA 50 and SMA 200: Purpose: Investors focusing on long-term trends would benefit from this pair. The crossover of the 50 SMA over the 200 SMA can indicate the beginning or end of major market trends, ideal for making decisions about long-term holdings that might span months or years. Example Strategy if not using the Buy / Sell Label Alerts: Entry Signal: Enter a long position when the shorter SMA crosses above the longer SMA. For example: SMA 10 crosses above SMA 50 for a medium-term bullish signal. Exit Signal: Consider exiting or initiating a short position when: SMA 10 crosses below SMA 50, suggesting a bearish turn in the medium-term trend. Confirmation: Use these crossovers in conjunction with other indicators like volume or momentum indicators for better confirmation. For instance, if you're using the 5/21 combination, look for volume spikes on crossovers to confirm the move's strength. When Not to Use: Sideways or Range-Bound Markets: The indicator might generate many false signals in a non-trending market, leading to potential losses. High Volatility Without Clear Trends: Rapid price movements without a consistent direction can result in misleading crossovers. As a Standalone Tool: It should not be used in isolation. Combining with other indicators like RSI or MACD for confirmation can enhance trading decisions. Practical Example: Buy Signal: If you're watching Apple Inc. (AAPL) on a weekly chart, a crossover where the 10-week SMA moves above the 50-week SMA could suggest a buying opportunity, especially if confirmed by volume increase or other technical indicators. Sell Signal: Conversely, if the 10-week SMA dips below the 50-week SMA, it might be time to consider selling, particularly if other bearish signals are present. Conclusion: The "Dynamic Trend Visualization" indicator provides a visual aid for trend-following strategies, offering customization and alert features to streamline the trading process. However, it's crucial to use this in conjunction with other analysis methods to mitigate the risks of false signals or market anomalies. Legal Disclaimer: This indicator is for educational purposes only. It does not guarantee profits or provide investment advice. Trading involves risk; please conduct thorough or consult with a financial advisor. The creator is not responsible for any losses incurred. By using this indicator, you agree to these terms.
Indikator Pine Script®
oleh thisgirl
Market Internals: VolumeThe indicator plots the total volume of the NYSE and NASDAQ exchanges and identifies periods with significant asymmetry between Up Volume and Down Volume. It can be used as an additional tool to confirm broad market sentiment. Chart shows Total Volume (TVOL) bars for SPY daily chart. Green bars for UVOL>>DVOL, Red for DVOL>>UVOL. Neutral bars are gray. Blue line shows median TVOL. Rationale: Up Volume (UVOL) and Down Volume (DVOL) represent the total volume of stocks that have increased or decreased in price, respectively, compared to the previous session's closing price. The magnitude of the price change is irrelevant. When UVOL is significantly higher than DVOL, it indicates a prevailing buying sentiment in the broad market. Conversely, when DVOL is higher, it signals prevailing selling sentiment. Occasionally, the UVOL/DVOL (VOLD) ratio may be misaligned with the movement of the S&P index. The picture below illustrates an example of a day when the S&P declined, yet the UVOL was twice larger than DVOL. Such a divergence can suggest that the S&P was pulled down by a decline in a few large-cap stocks, while the broader market remained positive. In this case, the divergence led to a continuation of the rally. Thus, VOLD, when combined with volume analysis, can be an effective tool for confirming market trends. Parameters: VOLD Ratio – minimum ratio of UVOL/DVOL or DVOL/UVOL. Indicator will color code volume columns when condition is true (“green” means buying; “red” selling). Median Length – number of periods to calculate median TVOL. Show Divergencies – indicator marks divergencies between price and volume sentiments on the main chart. Only works for SPY chart. Users can also choose which exchanges (NASDAQ/NYSE) to use for volume calculation. Notes: Volume is shown in millions of contracts Indicator should be used on the daily or higher timeframes. It won't work properly on the intraday charts Disclaimer This indicator should not be used as a standalone tool to make trading decisions but only in conjunction with other technical analysis methods.
Indikator Pine Script®
oleh hermes_trisme
Daily Open [Kintsugi Trading]Daily Open The "Daily Open" indicator by Kintsugi Trading is designed to give traders clear and immediate access to daily open prices, enhancing their ability to spot key market levels and make informed trading decisions. The indicator dynamically changes the color of the plotted line based on the current price's relationship to the opening price of the regular market session. This visual aid helps traders quickly assess whether the current price is trading above or below the opening price of the session. Key Features: Daily Open Visualization: Automatically plots the daily open price on your chart, providing a clear reference point for daily price action. Configurable Market Open Time: The indicator allows users to input the start time of the regular market session (default is set to 9:30 AM). Color-Coded: The indicator dynamically adjusts the color of the daily open line and price labels based on whether the price is above or below the open, giving you quick visual cues about market sentiment. Customization Options: Users can modify the line's appearance, including the color and style, to better fit their chart preferences. Ideal For: This indicator is particularly useful for day traders and those looking to closely monitor price action in relation to the market's opening level. It serves as a quick reference point for identifying potential bullish or bearish sentiment throughout the trading day. Good luck with your trading!
Indikator Pine Script®
oleh KintsugiTrading
Market Structure Based Stop LossMarket Structure Based Dynamic Stop Loss Introduction The Market Structure Based Stop Loss indicator is a strategic tool for traders designed to be useful in both rigorous backtesting and live testing, by providing an objective, “guess-free” stop loss level. This indicator dynamically plots suggested stop loss levels based on market structure, and the concepts of “interim lows/highs.” It provides a robust framework for managing risk in both long and short positions. By leveraging historical price movements and real time market dynamics, this indicator helps traders identify quantitatively consistent risk levels while optimizing trade returns. Legend This indicator utilizes various inputs to customize its functionality, including "Stop Loss Sensitivity" and "Wick Depth," which dictate how closely the stop loss levels hug the price's highs and lows. The stop loss levels are plotted as lines on the trading chart, providing clear visual cues for position management. As seen in the chart below, this indicator dynamically plots stop loss levels for both long and short positions at every point in time. A “Stop Loss Table” is also included, in order to enhance precision trading and increase backtesting accuracy. It is customizable in both size and positioning. Case Study Methodology The methodology behind this indicator focuses on the precision placement of stop losses using market structure as a guide. It calculates stop losses by identifying the "lowest close" and the corresponding "lowest low" for long setups, and inversely for short setups. By adjusting the sensitivity settings, traders can tweak the indicator's responsiveness to price changes, ensuring that the stop losses are set with a balance between tight risk control and enough room to avoid premature exits due to market noise. The indicator's ability to adapt to different trading styles and time frames makes it an essential tool for traders aiming for efficiency and effectiveness in their risk management strategies. An important point to make is the fact that the stop loss levels are always placed within the wicks. This is important to avoid what can be described as a “floating stop loss”. A stop loss placed outside of a wick is susceptible to an outsized degree of slippage. This is because traders always cluster their stop losses at high/low wicks, and a stop loss placed outside of this level will inevitably be caught in a low liquidity cascade or “wash-out.” When price approaches a cluster of stop losses, it is highly probable that you will be stopped out anyway, so it is prudent to attempt to be the trader who gets stopped out first in order to avoid high slippage, and losses above what you originally intended. // For long positions: stop-loss is slightly inside the lowest wick float dynamic_SL_Long = lowestClose - (lowestClose - lowestLow) * (1 - WickDepth) // For short positions: stop-loss is slightly inside the highest wick float dynamic_SL_Short = highestClose + (highestHigh - highestClose) * (1 - WickDepth) The percentage depth of the wick in which the stop loss is placed is customisable with the “Wick Depth” variable, in order to customize stop loss strategies around the liquidity of the market a trader is executing their orders in.
Indikator Pine Script®
oleh Cryptosystems
6
ToxicJ3ster - Day Trading SignalsThis Pine Script™ indicator, "ToxicJ3ster - Signals for Day Trading," is designed to assist traders in identifying key trading signals for day trading. It employs a combination of Moving Averages, RSI, Volume, ATR, ADX, Bollinger Bands, and VWAP to generate buy and sell signals. The script also incorporates multiple timeframe analysis to enhance signal accuracy. It is optimized for use on the 5-minute chart. Purpose: This script uniquely combines various technical indicators to create a comprehensive and reliable day trading strategy. Each indicator serves a specific purpose, and their integration is designed to provide multiple layers of confirmation for trading signals, reducing false signals and increasing trading accuracy. 1. Moving Averages: These are used to identify the overall trend direction. By calculating short and long period Moving Averages, the script can detect bullish and bearish crossovers, which are key signals for entering and exiting trades. 2. RSI Filtering: The Relative Strength Index (RSI) helps filter signals by ensuring trades are only taken in favorable market conditions. It detects overbought and oversold levels and trends within the RSI to confirm market momentum. 3. Volume and ATR Conditions: Volume and ATR multipliers are used to identify significant market activity. The script checks for volume spikes and volatility to confirm the strength of trends and avoid false signals. 4. ADX Filtering: The ADX is used to confirm the strength of a trend. By filtering out weak trends, the script focuses on strong and reliable signals, enhancing the accuracy of trade entries and exits. 5. Bollinger Bands: Bollinger Bands provide additional context for the trend and help identify potential reversal points. The script uses Bollinger Bands to avoid false signals and ensure trades are taken in trending markets. 6. Higher Timeframe Analysis: This feature ensures that signals align with broader market trends by using higher timeframe Moving Averages for trend confirmation. It adds a layer of robustness to the signals generated on the 5-minute chart. 7. VWAP Integration: VWAP is used for intraday trading signals. By calculating the VWAP and generating buy and sell signals based on its crossover with the price, the script provides additional confirmation for trade entries. 8. MACD Analysis: The MACD line, signal line, and histogram are calculated to generate additional buy/sell signals. The MACD is used to detect changes in the strength, direction, momentum, and duration of a trend. 9. Alert System: Custom alerts are integrated to notify traders of potential trading opportunities based on the signals generated by the script. How It Works: - Trend Detection: The script calculates short and long period Moving Averages and identifies bullish and bearish crossovers to determine the trend direction. - Signal Filtering: RSI, Volume, ATR, and ADX are used to filter and confirm signals, ensuring trades are taken in strong and favorable market conditions. - Multiple Timeframe Analysis: The script uses higher timeframe Moving Averages to confirm trends, aligning signals with broader market movements. - Additional Confirmations: VWAP, MACD, and Bollinger Bands provide multiple layers of confirmation for buy and sell signals, enhancing the reliability of the trading strategy. Usage: - Customize the input parameters to suit your trading strategy and preferences. - Monitor the generated signals and alerts to make informed trading decisions. - This script is made to work best on the 5-minute chart. Disclaimer: This indicator is not perfect and can generate false signals. It is up to the trader to determine how they would like to proceed with their trades. Always conduct thorough research and consider seeking advice from a financial professional before making trading decisions. Use this script at your own risk.
Indikator Pine Script®
oleh ToxicJ3ster