Earnings LevelsI am proud to announce that the formerly secret "Key Earnings Levels" graphing tool will be freely available to TradingView users whereas before it was only available by monthly or annual subscription since its invention here at TradingView many years ago by Tim West. TradingView code writers wrote the original code for using this powerful tool and then Johannes Falkenburg re-wrote the code several years ago.
The most important FOUR days a year in a stock chart are the days that the company gives its quarterly update. Since the GRAND majority of companies have earnings, the indicator is called the "Key Earnings Level", or KEL for short. The unique part of the release of the quarterly update is that it can be "before the open" or "after the close" and the price action leading up to the earnings and immediately after the earnings are useful for future reference, as you'll see shortly.
The Key Earnings indicator plots a triangle for the range around the day before and the day after earnings and draws a mid-point line to capture the over/under level for that report. That mid-point line is then extended into the future for a minimum of one quarter until the next earnings report and as long as a year with the current code.
This triangle plot allows you to see how a stock is trading RELATIVE TO where it was trading when earnings were announced and when a glimpse into the current quarter along with projections for the upcoming year.
Simply put: Key Earnings Levels are the easiest way to see how a stock is doing relative to the most important four days a year.
You can devise your own trading strategies around these levels, but I want you to have this information so you can see it and know it too. I've kept this little secret of Key Hidden Levels to myself and my followers in the Key Hidden Levels Chat Room here at TradingView for far too long. I have occasionally published charts with the Key Earnings Levels but have not made the code freely available to TradingView subscribers.
If anyone has paid me for access to these indicators and wants a refund, I will be glad to do that. This is too important to keep from everyone any longer. I think it is essential to make this available to everyone to make sure we all have the most advantage we can get when investing and trading in the markets.
I hope you can all find the powerful benefit from using Key Earnings Levels and please thank Johannes Falkenburg aka @Vollchaot here at TradingView for writing the latest version of this code.
The idea itself came from using TradingView and the powerful graphing and layout features here to track our observations and to do research. Thank you TradingView for such a great product.
I look forward to answering any questions.
Sincerely,
Tim West
Pivot Point dan Level
Pivot Points [MisterMoTA]The Pivot Points indicator by MisterMoTA allow users to get pivots points calculated from last candle high, low and close on any timeframe from 1 minute to weekly.
This will help users that are trading ins small timeframes to see the pivots that are near their timeframes and not only daily timeframe.
Here is an example on the chart from nex image the timeframe is set to 1 minute and pivot points displayed are at 15 minutes :
The users have control on pivots colors, pivot labels colors, text color from labels, decimal numbers displayed in the labels and style of the pivots lines.
Please follow me for other script like this one.
Kind regards,
MisterMoTA
Double Tops & Bottoms [QuantVue]This indicator is designed to detect and plot Double Tops and Double Bottoms, by setting the initial high or low using standard pivot points.
Double Tops
A Double Top is a bearish reversal pattern, typically found when an uptrend returns back to a prior peak. It signifies a potential turning point or resistance level and could potentially reverse in direction.
The pattern is confirmed as a Double Top when the price breaks above the resistance level, but closes below it. A decisive close below this level is seen as a confirmation of the bearish trend.
Double Bottoms
A Double Bottom, on the other hand, is a bullish reversal pattern typically found after a downtrend. It signals a potential turning point or support level where the price has bottomed and could potentially reverse upwards.
The pattern is confirmed as a Double Bottom when the price breaks below the support level, but closes above it. A decisive close above this level is viewed as a confirmation of the bullish trend.
Indicator Features
🔹Double Top Detection: When a double top is identified, a downward-pointing triangle will be plotted above the bar, and if the alerts are enabled, a notification will be triggered.
🔹Double Bottom Detection: When a double bottom is identified, an upward-pointing triangle will be plotted below the bar, and if the alerts are enabled, a notification will be triggered.
🔹Pivot Lookback: Defines the number of bars to the left and right of the pivot that must be lower/higher to qualify as a pivot.
🔹Maximum Length Between Tops/Bottoms: Maximum number of bars between two tops/bottoms to be considered a double top or bottom.
🔹Style Settings: Allows the user to customize the appearance of the lines indicating the tops/bottoms. Options include color selection, line style (dotted, dashed, or solid), and line thickness.
🔹Alerts: The user can enable or disable alerts for Double Top and Double Bottom.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
Pivot HL ~ Om BordaThe Pivot High Low indicator is a technical analysis tool used in financial markets. It identifies significant price levels where an asset's trend may reverse. A Pivot High occurs when an asset's price reaches a peak and then declines. Conversely, a Pivot Low is when the price hits a trough before rising. Traders use these points to make decisions about buying or selling assets. ~ Om Borda
Dev's PDH PDL super strategyHave plotted Previous day High, previous day low, previous day close and previous day open. Moreover Previous month High and low are plotted. Background changes are made as per this concept: when the current day's price is above PDL and below PDH, a green background when the current price is above both PDL and PDH, and a red background when the current day's price is below both PDL and PDH.
Current day High and low are plotted as white lines, which are dynamic and change once new high or low forms.
Expanded Camarilla Levels (R5 + R6)Just the usual cam pivot points updated to have a few more levels.
Added R5/S5 and S5/S6
CPR UJHi i am UJ, This is Central Pivot Level which includes Daily , Weekly , Monthly Range You have to choose the range in indicator setting.
Upper red line is resistance , Lower green line is support you can buy if resistance broken , sell if support is broken go with price action or SMC confirmation which ever strategy you use indicator only indicates it wont work 100% , your accuracy will improve if you combine indicator with strategy.
AD's - Indecisive Candles, volume spikes, gapsThis script identifies price pivots, volume spikes (more than twice of 20 SMA vol) & gaps (both up & down)
Fibonacci LevelsDescription
It is used to create Fibonacci levels based on the backward 120/240/360 bar and to detect the bottoms and peaks in that range. The feature can be used by traders who trade at support and resistance. Showing 3 different levels retrospectively in the same time period allows support and resistance levels to be easily seen.
Gray Levels: Gives Fibonacci levels based on the 120 bar time frame.
Blue Levels: Gives Fibonacci levels based on the 240 bar time frame.
White Levels: Gives Fibonacci levels according to the 360 bar time frame.
Top Red Levels: Gives peak levels of 21/28/60/90...300/330/360 bars.
Bottom Blue Levels: Gives bottom levels of 21/28/60/90...300/330/360 bars.
Usage
Where the lines are concentrated can serve as good support and resistance. In this case, it would be quite logical to try a position.
For trend corrections, 38.2%/50%/61.8% Fibonacci levels can be followed as strong support.
Different
Seeing the levels of certain retrospective periods together makes it easier to understand where the trend will turn or correct. It also provides simplicity in use with different indicators by being outside of the timeframe.
Works Well Together
Using it together with the "Bollinger Levels" indicator is very useful for taking better positions.
Version
v1.0
Drawing multiple horizontal levelsThis is a very simple indicator to draw multiple price levels or any kind of horizontal levels on your chart.
The input format is by default: 4550.00, 4575.25, 4580.25
The seperator can be changed in the settings.
Greetings to the MC family.
Apeiron Fair Value Bands ProWHAT IS IT
The Apeiron Fair Value Bands Pro is an indicator that estimates the fair value area of an asset and provides levels of interest and likely reaction. It was created to determine fair value. Knowing fair value allows traders and investors to determine when an asset is at a premium or at a discount, which allows them to make more informed decisions about when to buy or sell. Fair value is constantly changing, and sometimes waiting for it to develop each session or month can lead to missed opportunities. Therefore, it is useful to have an estimate of fair value at all times.
HOW DOES IT WORK?
The simplest way to have a constant estimation of fair value could probably be a Moving Average. By averaging previous prices, we get the average price which ideally reflects where most traders have been interested in participating in the market. This isn’t necessarily the most accurate fair value estimation you can get, however using different types of moving averages and combining them allows for a better estimation of the FV. It is also important to consider that price is always moving away and back into the MA, so in order to determine FV, we must allow an area for price to move within which we can consider the FVA. By taking into account volatility, previous relevant levels and the MA, the Apeiron Bands determine a FVA, where in theory price should stay most of the time.
According to the normal distribution, the price should stay within 1 standard deviation (SD) around 68% of the time and within 2 SD around 95% of the time during range periods (when data is most symmetrical). In the case of the Apeiron Bands, based on backtest data, the price tends to stay within 1 FVA around 75% of the time, within 2 FVA around 90% of the time during strong trends, around 80% and 95% correspondingly during weak trends, and >85% and >95% during ranges.
Additionally, based on backtesting data, pivots occur on average at around 1 FVA ±0.05 (This does not necessarily mean that most pivots occur at 1 FVA, however, the fact the average is 1±0.05 implies there is relevance to this level).
Finally, in order to account for volatility and the slight differences between symbols, a customizable tolerance ribbon is added to the moving average (MA) and each plotted band.
This data remains the same throughout all timeframes and types of market (tested on cryptocurrencies, forex pairs, stocks, indices and futures)
Examples of the time spent within the FVAs:
Examples of average pivot FVA :
HOW TO USE IT?
Identify potential reversal levels at premium and discount prices:
Knowing that price stays within 1 FVA the majority of time and inside 2 FVA most of the time, as well that in average pivots occur around 1 FVA, it can be inferred that both the Bands representing 1 & 2 FVA (B1 & B2) work as potential reversal levels as shown in the examples. This can be very good in confluence with other strategies to spot trade entries. If this is done taking into account if the asset is at a premium or discount allows for a higher probability of being on the right side of the market.
For example, during an uptrend price sometimes goes below it’s MA only to then continue up. In this particular case, the bands would provide an ideal entry at a discount to ride the uptrend.
During ranges, the bands can be used to identify potential pivots for each move up and down, and because of their adaptive nature they can be a great confluence to which horizontal levels are more likely to act as support and resistance.
For intraday traders, the bands can help them identify assets at one of the extremes and potentially even inside one of the bands, indicating that price is likely to reverse from there. Then they can use LTF to find ideal entries or catch the trend with the bands.
For swing traders and investors, using the bands can be a good way to scan different assets to find extended prices to either side and potential entry levels
Identify emerging trends:
Sometimes price will have a minimum reaction to the bands or no reaction at all. Knowing that price spends most of the time inside the bands, the fact that it breaks out of the FVA indicates that a new trend is likely to begin on that particular TF and price will try to establish a new FVA. Once there is a sustained PA outside the bands, a new trend can be assumed (Deviations happen as well, so it is very important to be aware of higher TF as well).
Other times, price will start sliding between B1 and B2, slowly displacing the MA. This can also be an indication for the start of a trend.
Identify exhaustions (potential tops & bottoms):
I call exhaustions to scenarios when price keeps going up/down but it fails to keep pushing the FVA with it. This indicates weakness in the trend and that a new FVA is being established. This often leads to a potential reversal or correction that marks the top or bottom of a move. Not only that, but when the new FVA is established price tends to go and test the other side of the FVA. Identifying exhaustions and being patient for them to form can potentially provide a great entry and RR ratio.
Exhaustions also happen after strong rallies or crashes, and in these cases it is advised to wait for price to re-enter its FVA, providing more clarity and often even better entries.
Exhaustions appear in all timeframes and symbols, however they can take some time to develop and it is important to be patient with them. And as always, it is highly recommended to also check for confluence on different TF.
8H Bands:
4H Bands:
Additional Features:
- Additional Bands:
The Apeiron Fair Value Bands can plot up to 4 Bands. Each fully customizable. The preset and suggested use is to have B1 & B2 and add thinner aid bands B0.5 & B1.5 which represent the middle of 1 & 2 FVA. These are not the main levels of interest but they can prove useful as support and resistance many times. Besides using mid levels, using fib values (0.618 & 1.618) can work even better on some assets and give better reactions.
NATGAS 1H Bands - Fib Mids:
The extra bands can also be used for FVA 3 and FVA 4, which can be useful during extremely volatile periods or on very LTF
- Multi Timeframe & precision:
The bands work on very low TF as well as High TF. Sometimes data can be limited on HTF and the bands will not have enough to be calculated and many LTF are very volatile and don’t work as well. In these scenarios, the bands have a setting called “Precision” under the preferences section that allows the user to decrease or increase the amount of data taken into account. This allows for optimization on any TF and even on any symbol.
GOLD 1min Bands:
EURUSD 5D Bands:
VIX 1H Bands:
- Multi Bands Confluence:
Combining 2 different length FV bands can be very useful to find confluence levels and spot trends and reversals earlier. For example, on the 15 min TF, using a 50 MA with only 1 FVA at the same time as a 200 MA with all Band can be ideal to keep track of short term moves and their micro-trends while always considering the longer trend which might be different that the short term one. As well, having MTF band confluence can indicate that a level is more likely to signal a reversal if reached.
- Multi Timeframe Confluence:
One of the best ways to use the bands is by using it in confluence with itself in other TFs, when price moves sharply into a confluent level given by multiple TFs’ Bands, it is more likely for price to find support and resistance and/or reverse there. Ex. 5 Min B2, 15 Min B1.5 & 30 Min B1, if price reaches this confluent level and shows weakness, this is likely a short term reversal level.
NATGAS MTF Bands:
How to set it up and customize it: (Explain how they are important)
- The MA Lab:
The Apeiron Bands utilizes a MA Lab to generate the most customizable MAs possible. It allows combining up to 3 different MAs, where each MA can be single, double or triple (same process as creating a DEMA or TEMA). As well each MA can be given more or less weight in the calculation of the final MA. Besides it’s features, the MA Lab allows the user to select only one MA and stick to basic settings and MA types if preferred.
When to use the MA Lab:
If you wanted a reactive MA (EMA) which was also volume weighted, you can then combine it with a VWMA and get a VW-EMA.
If you want a more reactive VWMA you can double or triple it. Then in order to make it smoother you combine it with a SMMA. Finally maybe you want to use it to follow trends closely so you also combine it with a HMA to take momentum into consideration.
- Presets:
The multiplier for each band, the width of each tolerance ribbon and the individual colors of each band can all be individually selected. However, to make the user's experience as smooth as possible, FVA multipliers, Ribbon width and colors can be preset and modified all at the same time with the most basic and ideal settings. This allows for quick customization options as well as personalized detailed custom settings.
- Show only Lower or Upper bands:
This setting is meant for scouting for discounts and premiums across the board. By only showing bands on one side it cleans up the chart and makes it easier to spot important levels on only one side of the price. This can be very useful when looking for swing opportunities or when following a particular trend to only focus on potential entries for it.
MATIC 4H Bands showing only bottom bands:
AMZN 1D Bands showing only bottom bands:
Settings used in indicator preview:
- Custom MA: 200 EMA/200 WMA/200 SMMA (200 EWSMMA)
- Band 1: 0.5 - Ribbon Width: 5 - Color: Blue
- Band 2: 1 - Ribbon Width: 10 - Color: Green
- Band 3: 1.5 - Ribbon Width: 5 - Color: Blue
- Band 4: 2 - Ribbon Width: 10 - Color: Red
Disclaimer:
The bands CAN but are NOT meant to be used as a standalone indicator. Previous performance does not guarantee future performance. The bands are an analytical tool, not a signal indicator. While certain scenarios can be interpreted as a signal, never follow them blindly and always use them in confluence with other analysis, systems or indicators.
ICT True Day Range [MK]The indicator displays the following:
Vertical line day separator from 00:00 to 00:00 EST
High/Low lines for the days true range from 00:00 to EOD
Opening line from 00:00 EST to EOD
Opening line from 08:30 EST to EOD
Weekly Opening line from Sunday open at 18:00 EST to last bar in the week
Monday range high/low/mid line, which can be extended to EOW
Text displaying Days of the Week
All functions can be fully customized regarding color/style and line width.
Below shows image of indicator with day separator: (it didn't show on the main chart despite being enabled?)
All of the above are to be used to give the user all the tools necessary to analyze the following concepts which can be studied on ICTs you tube channel:
Weekly profile, eg, has the weekly manipulated below the weekly open to then rise the rest of the week?
Daily profile, eg, has the day manipulated below the daily open (00:00 EST) to then rise the rest of the day?
Daily liquidity grab, eg has the current day taken PDH/PDL at the start of the current day?
Daily targets, eg will the current day end up taking liquidity from the PDH/PDL?
Monday range, will Mondays high/low range act as the accumulation phase of the weekly AMD profile?
Tuesday/Wednesday/Thursday/Friday reversal, eg, does a day of the week line up with a HTF target and a high volatility news event which could see price reverse after the manipulation phase of the weekly AMD profile?
In strong trending markets, will the 0830 open line be used in the NY session as manipulation reference in the same manner as the 00:00 line is normally used?
The above examples of how the indicator 'could' be used are not the only ways to use the indicator.
The indicator is by no means a trading strategy on its own. Users should be fully aware of ICT concepts and have performed extensive back-testing before using the indicator with live accounts.
Auto Fibonacci Levels [MisterMoTA]Using Auto Fibonacci Levels indicator users can find automatically Fibonacci Extension points where price can go after a period of consolidation (sideways or can find points for support/resistance on retracement levels that can be displayed for any defined range.
The script is different from others by letting users to define a consolidation range, user can input the time when range ends and the number of candles for looking back from the defined time, default value is 16 candles.
Users have total control over range definitions, fibonacci numbers, colors and option to show or hide the lines.
The user can choose to display Fibomacci Bullish Expansion levels and also Fibonacci Bearish Expansion level.
After a move hit a resistance or support can be choosed a range to find retracement levels, Bullish or Bearish retracement levels can be displayed checking the options from the indicator pannel.
Here are few examples of usage:
1. Bullish expansion (extension)
2. Bearish expansion (extension)
3. Bullish Retracement
4. Bearish Retracement
The indicator can be used on any timeframe for any pairs, stocks, crypto, forex.
Daily Pivots with Fakeout Protection█ OVERVIEW
The "Daily Pivots with Fakeout Protection" indicator is a powerful tool designed to help traders identify potential price breakouts and pivot levels on daily charts. This indicator calculates and displays daily pivot points along with breakout lines that are adjusted to provide a certain level of protection against fakeouts, which are false price movements that can mislead traders.
█ FEATURES
• Pivot Timeframe Selection: You can choose the timeframe for the pivot calculations. The default is set to daily (D), but you have the flexibility to select other timeframes as well.
• Fakeout Protection: A percentage-based parameter allows you to define the amount of protection you want against fakeouts. This helps filter out potentially unreliable breakouts.
• Bullish and Bearish Signals: The indicator distinguishes between bullish and bearish conditions by comparing the closing price to the daily high and low.
• Breakout Signals: Triangular symbols (upward and downward) appear below and above bars to signal potential breakout points. These are based on the closing price crossing the adjusted breakout lines.
• Visual Representation: Pivot points, daily high, and daily low are plotted on the chart, with distinctive line styles and colors for easy identification.
• Background Highlighting: The background color of the chart changes when a new period begins, helping you quickly recognize the start of a new trading day.
• Color-Coded Zones: The indicator colors the background around the closing price differently based on whether the market is bullish (green) or bearish (red).
█ HOW TO USE
1 — Apply the "Daily Pivots with Fakeout Protection" indicator to your TradingView chart.
2 — Customize the parameters like pivot timeframe and fakeout protection percentage according to your trading preferences.
3 — Watch for the triangular breakout symbols that appear above and below bars, indicating potential breakout points.
4 — Keep an eye on the pivot points, daily high, and daily low lines to understand price levels relevant to the current trading day.
5 — Use the background color changes to quickly identify the beginning of a new trading day and any potential shifts in market sentiment.
Note:
• This indicator is designed for daily charts but can be adjusted to work with other timeframes as well.
• Be cautious of relying solely on breakout signals; consider using additional technical and fundamental analysis for confirmation.
Start integrating the "Daily Pivots with Fakeout Protection" indicator into your trading strategy to enhance your ability to identify breakouts and pivot levels more effectively.
ICT Daily BiasThis indicator is based on ICT's teaching - Daily Bias. Indicator tries to predict which direction (bias) the price will move in the near future and it can tell you in which direction should you take trades on the lower timeframe (buy or sell). It works on every timeframe but best to use on 1D timeframe. It can also show historical Daily Biases. Daily Bias can be BUY, SELL or NEUTRAL. If there is NEUTRAL Daily Bias then you should not take any trade because following price direction is not clear until the Daily Bias changes to BUY or SELL.
Current Daily Bias is shown in the right bottom corner.
Daily Bias can be calculated by 2 types: Previous H/L or Previous Swing H/L.
Previous H/L:
This calculation is based on previous H/L. If actual candle reaches previous high (red line by default) or low (green line by default) with wick then price should reverse into opposite direction. If actual candle closes with body above previous high (green line by default) or below previous low (red line by default) then price should continue in current direction. There are also colorful arrows showing the following daily bias based on previous candle.
Previous Swing H/L:
This calculation is based on previous untested swing H/L. If actual candle reaches previous untested swing high (red line by default) or low (green line by default) with wick then price should reverse into opposite direction. If actual candle closes with body above previous untested swing high (green line by default) or below previous untested swing low (red line by default) then price should continue in current direction. Lookleft and lookright period (default: 3) for swing H/L can be set in indicator settings. This period tells you how many candles left and right from the swing H/L need to be higher (swing low) or lower (swing high). Previous tested swing H/L are labeled by colorful (yellow by default) diamonds. There are also colorful arrows showing the following daily bias based on previous tested swing H/L.
All settings of this indicator should be self-explanatory and some of them have tooltips for better understanding.
Psychological Levels @TradingDisciplesPsychological levels are market price levels which are often key levels in forex denoted by round numbers. These round numbers frequently act as levels of support and/or resistance.
Psychological support and resistance consistently work because of fundamental human disposition. Human beings value simplicity; from a trading perspective this means valuing whole numbers. Traders often use these numbers as entry, exit or stop levels. These stops and limits can alter order flow and price changes.
Traders will often call these whole number intervals ‘double-zeros,’ as these prices are at even numbers such as 1.31000 on EUR/USD, 1.57000 on GBP/USD or 132.00 on GBP/JPY. The chart below identifies the ‘double-zeros’ on the current USD/JPY chart which are the Main Psychological Levels. Some traders will take this a step further by looking at the number directly in the middle of these whole numbers or ‘the fifties.’ These levels, such as 1.31500 on EUR/USD or 131.50 on GBP/JPY can often come into play in the same manner as the ‘double-zeros which are also called the Sub Psychological Levels.’
My powerful tool designed to assist traders in making more informed and strategic trading decisions. This indicator is meticulously engineered to identify and plot psychological levels on trading charts automatically. These levels hold significant importance in the minds of traders, often influencing price movements and market behavior.
How to use:
It is very easy to use, just input it on your chart then you will click the settings and then click the style and uncheck the bar colors, you can also check the sub psychological levels if it isn't displayed on the chart....Incase you don't need maybe the sub psychological level or the main psychological level you can uncheck any of them and you can also select the color of the line you want in the drop down menu.
Kindly Leave a Boost and share to others
Thank You
Max/Min Custom Sessions and Day Before - MarposIt takes the maximum and minimum session prices according to the entered time ranges and display them on the screen. When those values are reached, it marks them as taken.
Additionally, it displays the values and how much they moved in PIPs during those sessions in a table in the top left corner using the difference between max and min values.
Also, mark the background of the sessions on the chart according to the entered time ranges.
Furthermore, draw the D-1 highs and lows for each day to see the previous day's possible liquidity levels. It doesnt mark them as Taken when that happens because i couldnt realize how to do it, yet :).
Any questions or suggestions, feel free to contact me and ill do my best.
Liquidity Heatmap [BigBeluga]The Liquidity Heatmap is an indicator designed to spot possible resting liquidity or potential stop loss using volume or Open interest.
The Open interest is the total number of outstanding derivative contracts for an asset—such as options or futures—that have not been settled. Open interest keeps track of every open position in a particular contract rather than tracking the total volume traded.
The Volume is the total quantity of shares or contracts traded for the current timeframe.
🔶 HOW IT WORKS
Based on the user choice between Volume or OI, the idea is the same for both.
On each candle, we add the data (volume or OI) below or above (long or short) that should be the hypothetical liquidation levels; More color of the liquidity level = more reaction when the price goes through it.
Gradient color is calculated between an average of 2 points that the user can select. For example: 500, and the script will take the average of the highest data between 500 and 250 (half of the user's choice), and the gradient will be based on that.
If we take volume as an example, a big volume spike will mean a lot of long or short activity in that candle. A liquidity level will be displayed below/above the set leverage (4.5 = 20x leverage as an example) so when the price revisits that zone, all the 20x leverage should be liquidated.
Huge volume = a lot of activity
Huge OI = a lot of positions opened
More volume / OI will result in a stronger color that will generate a stronger reaction.
🔶 ROUTE
Here's an example of a route for long liquidity:
Enable the filter = consider only green candles.
Set the leverage to 4.5 (20x).
Choose Data = Volume.
Process:
A green candle is formed.
A liquidity level is established.
The level is placed below to simulate the 20x leverage.
Color is applied, considering the average volume within the chosen area.
Route completed.
🔶 FEATURE
Possibility to change the color of both long and short liquidity
Manual opacity value
Manual opacity average
Leverage
Autopilot - set a good average automatically of the opacity value
Enable both long or short liquidity visualization
Filtering - grab only red/green candle of the corresponding side or grab every candle
Data - nzVolume - Volume - nzOI - OI
🔶 TIPS
Since the limit of the line is 500, it's best to plot 2 scripts: one with only long and another with only short.
🔶 CONCLUSION
The liquidity levels are an interesting way to think about possible levels, and those are not real levels.
MarketSmith IndicatorThis script provides you with several indicators that will enable you to mimic MarketSmith charts, even with a free TradingView plan.
You can use this script with my ' EPS & Sales ' indicator.
MarketSmith-style bars
The script offers an original approach to managing candlesticks within the code, making them almost identical to those on MarketSmith.
For a perfect display, select ' Bars ' on your chart and set the opacity of your candles to 100% to display only the candles proposed by this indicator.
If you don't want them, you can simply disable them in the ' Style ' tab by unchecking 'MarketSmith Bars' and 'Chars'.
These candles are designed to be used with a fix chart. (No beautiful result with zooming in or out.)
Normally, the display will still be correct by right-clicking, and ' Reset Chart '.
Simple customizable moving averages
With automatic distinction of the weekly time unit. You can choose to display them or not, select the calculation method and modify their length via the panel.
The RS Rating indicator
I've integrated the RS Rating indicator into this script, as the RS Rating is a fundamental component of this layout.
High and valley points
These points are used by MarketSmith to detect bases, patterns, cup & handle.
Designed for US Market only you won't be able to screen correctly the India market for example.
Consolidation Spotter Multi Time FrameThis tool is designed for traders looking to spot areas of consolidation on their charts across various time frames. It highlights these consolidation areas using visually appealing boxes, making it easier to identify potential breakout or breakdown zones.
How To Use:
Spotting Consolidation: When you see a box form on your chart, this represents a consolidation zone. Within this zone, the price is moving sideways without a strong upward or downward trend.
Anticipating Breakouts & Breakdowns: Watch the price as it approaches the edges of the box. A movement outside the box can signal a potential breakout (if above the box) or a breakdown (if below the box). This is where momentum shifts can happen.
Momentum Confirmation: Once the price clearly moves out of the box, it indicates a momentum shift. If the price moves upwards out of the box, this can be seen as bullish momentum. Conversely, if the price moves downwards out of the box, this can be seen as bearish momentum.
To use the tool effectively, adjust the settings to suit your trading style, choose your preferred visual theme, and watch as the script highlights key consolidation areas on your chart.
Tip: To visualize fractals, consider using multiple instances of the "Consolidation Spotter" indicator, each set to a different timeframe. This approach allows you to observe consolidations nested within larger consolidations, offering deeper insights into market structures. 😉
mrD-Flip Zone(None repaint) [1.0]This indicator provides Flips Zones, to easily observe price action and the user can evaluate reversal zones.
This indicator also includes warnings when flip zones appear.
🔶 SETTINGS
- Current-Timeframe: Hide/Show Flips Zones in the current time frame.
- High-Timeframe: Hide/Show Flips Zones in the High time frame.
- Current Timeframe (color): Color Display Flips Zones in the current time frame.
- High Timeframe (color): Color Display Flips Zones in the current time frame.
🔶 The logic is described below:
The main characteristic that this indicator has is that it is possible to identify zones where prices can react.
The second feature that shows the best use of this indicator is that it shows the flips area of the larger timeframe in the current timeframe.
This indicator also acts as support and resistance levels.
This script is based on the function of Pivot High Low.
- New Pivot Low is identify
- New Pivot High is to identify
- New Pivot Low lower previous Pivot Low
- Upper Line of the Flips Zone is the high-price previous Pivot Low
- Lower Line of the Flips Zone is the low-price new Pivot Low
=>Flips box will be marked on the chart in the current time frame and the Flips box in the high time frame
*Special feature: the Flips box order shows different time frames.
🔶 USAGE
The Flips Zones are displayed by the script to provide can price reversal zones.
At Flips Zones, prices can reverse or continue the trend.
The Flips Zones are displayed by the script to provide price can reversal zones.
Once the Flips Zone is formed, the price action could retest. Can expect a price reversal or continue the trend.
The Flip Zones of the higher timeframe are displayed in the current timeframe according to the user's settings.
If the Flip Zones on the current timeframe and the Flip Zones on the higher timeframe overlap, Price can retest and reverse the trend quickly.
The trend can be determined by looking at the price position relative to the flips zone box. Price breaking out of flip zones is a sign of a downtrend, while price breaking above supply is a sign of an uptrend.
Note: This indicator is Non-repaint.
This indicator is great to use in confluence with other indicators or with various candlestick patterns.
Remember, don't make decisions based only on the one-time frame. Check the overall trend of the stock and look at Flip Zone in the high time frame.
🔶General disclaimer:
Trading stocks, futures, forex, options, ETFs, cryptocurrency, or any other financial instrument has huge potential rewards and risks.
You must be aware of the risks and willing to accept them to invest in stocks, futures, forex, options, ETFs, or cryptocurrencies.
Don't trade with money you can't afford to lose.
This is not an offer or an offer to Buy/Sell stocks, futures, Forex, options, ETFs, cryptocurrencies, or any other financial instrument.
Do not represent that any account will or is likely to achieve profit or loss of any kind.
The past performance of any trading system or method is not necessarily indicative of future results.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Key Levels (Daily Percentages)OVERVIEW
This indicator automatically identifies and progressively draws daily percentage levels, normalized to the first market bar.
Percentages are one of the most common ways to measure price movement (outside price itself). Being able to visually reference these levels helps contextualize price action, in addition to giving us a glimpse into how algos might "see" the market.
This script is most useful on charts with smaller time frames (1 to 5 minutes). This is not ideal for medium or larger time frames (greater than 5 minutes).
INPUTS
You can configure:
• Line size, style, colors and maximum length
• Label colors and visibility
• Fractional and intra level visibility
• Bidirectional zone parameters (custom range and extended anomalies)
• Normalization source
• Price Proximity features
• Market Hours and Time Zone
INSPIRATION
Broad Assumptions:
• +/- 70% of days move 1%, 20% of days move 1-2%, and 10% of days have moves exceeding 2%.
• +/- 10-20% of days trend, with moves ≥ 1%.
• All trading strategies are effectively scalping, mean reversion, or trend.
• Humans program algos to capitalize on these assumptions, using percentages to mange / execute trades.
IND-Range Box [Salar Kamjoo]Hello to all dear traders,
One of the trading methods in financial markets is Range Box Trading. Ranges are specific price levels where the market reaches equilibrium, meaning the buying force is roughly equal to the selling force. Consequently, the market neither moves significantly upwards nor downwards; it oscillates within a particular range. The indicator I have designed for you is based on this concept. It utilizes the number of candles and their oscillations to identify specific ranges on the chart. These ranges are drawn based on the maximum and minimum of the box.
The optimal time for trading and using this indicator is when the market is less volatile, specifically outside of the overlapping London and New York sessions. Additionally, be cautious during news releases as they might lead to stop-hunting scenarios. Therefore, the best time to employ this indicator is when the market is relatively calm.
This indicator has 4 settings:
Setting Number 1: Number of Candles
This setting determines the number of candles involved in calculating the range boxes. A higher value indicates longer range boxes will be identified for you, while a lower value results in quicker recognition of range boxes. However, a smaller value may reduce the reliability of the identified range boxes. The recommended value for this setting may vary for each currency pair and time frame.
s3.tradingview.com
Setting Number 2: Range Percentage
This setting determines the maximum percentage difference between the high and low of the identified range box. (These settings are interconnected with Setting Number 3, as your choice in Setting Number 3—whether to base the range box calculation on the high or low, or on the candle close—will impact how this range percentage is applied.)
s3.tradingview.com
Setting Number 3: Calculation Basis
This setting determines whether the maximum width of the range box is based on the highest or lowest points, or if it is calculated based on the closing prices of the candles.
s3.tradingview.com
s3.tradingview.com
Setting Number 4: Number of Extended Candles
This visual setting determines the extension of your range box forward by a specified number of candles.
Another valuable feature of this indicator is the ability to configure alerts. By setting up alerts, you can promptly receive notifications whenever a range box is identified on the chart. This ensures that you are promptly informed about potential trading opportunities.
If you have any questions feel free to ask in the comments section.
be profitable :)
