X Levels [Pro+] (TradeX)Introduction:
The X-Levels Indicator is a cutting-edge trading tool to help identify key price levels around Premium / Discount Arrays (PD arrays) at Higher Timeframe Points of Interest. It aids the trader by automatically measuring dealing ranges across multiple Timeframes and highlighting the percentages within which define a Premium & Discount Range. These percentages, known as X-Levels, are where the trader seeks an entry around a relevant PD array. This approach allows a trader to optimize entry and exit points around X-Levels. Suitable for traders of all levels, X-Levels enhances analysts' trade location and framework, providing crucial insights into market movements.
What is an X-Level? A specific percentage within any given dealing range that defines a premium and discount. X Levels are defined as the following percents: 0,12,21,29.5,38,50,61.8,70.5,79,88,100. Percentages below 50% indicate a discount and above 50% indicate a premium.
Foundation: This methodology, developed by TradeX, defines a consistent way for defining dealing ranges and his key percentage levels. Built upon Inner Circle Trader (ICT)’s principles of price delivery, it recognizes that price moves between premium and discount levels, seeking liquidity and inefficiencies.
After extensive refinements, this tool now automates the identification of these dealing ranges across any Timeframe, whilst presenting the X-Levels in a clear and precise manner allowing traders to track price movements with precision and efficiency across multiple time frames.
As price moves between X-Levels, it is the trader’s role to analyze which PD Array offers the best entry opportunity around a given X-Level. The true value of this tool lies in its ability to automatically update Dealing Ranges in real Time, eliminating the need for manual measurement or adjustment. This not only saves Time but also allows analysts to focus on trading rather than manually drawing and updating dealing ranges, removing guess work from defining the correct X Levels dealing range.
When X-Levels are applied across multiple Timeframes, traders gain a comprehensive view of the current market conditions. A key principle of this approach is aligning with price at Higher Timeframe (HTF) Point of Interest. By tracking dealing ranges from HTF while operating in Lower Timeframes, analysts can maintain a granular view while keeping track of the HTF framework.
Explanation of Killzones
Killzones refer to the times when major financial markets are open and active, particularly the London and New York sessions. For example, the London Open Killzone typically runs from 2:00 AM to 4:00 AM Eastern Time, while the New York Killzone is often from 8:00 AM to 10:00 AM Eastern Time. During these times, traders can expect more significant price movements due to higher trading volumes and the overlap of market participants.
The X-Levels indicator includes customizable killzone delineations, allowing traders to tailor this setting to their preferred trading sessions.
Key Opening Prices
Finally, the X-Levels indicator also includes Opening Price Delineations in both Horizontal and Vertical delineation. The "opening price" in trading refers to the first price at which a security is traded when the market opens. This price is significant because it can set the tone for the day's trading and is often used as a reference point for analyzing market movements. We are tracking midnight open, 8:30am and 9:30am. This is due to Midnight Theory.
Midnight Theory:
This is following the principles of Power of 3 (PO3) where if a trader is seeking a bullish expansion on a daily candle he is looking to frame entries below the midnight opening price. The principle of midnight theory comes in the form of buying at a hypothetical discount. A trade entering below midnight would be considered a discount, below midnight and 9:30am on a bullish day would be considered a deep discount.
Settings Summary:
Dealing Ranges: Traders can choose which Timeframe to track and can choose up to a maximum of 3 per chart. The styles of which are fully customizable. Solid lines, dotted lines or dashed lines are all available options for presenting each X-Level on each Dealing Range.
Dealing Range Labels: Above and below each Dealing Range extreme, analysts can find a label marking what Timeframe it originates from to differentiate between multiple Dealing Ranges. The size of this label can be hidden, and if shown its size can be customized.
Customizable Colors: Each Dealing Range Discount, Fair Value, and Premium, can be customized at the choice of the trader to suit their preferences.
Manual Dealing Range: If a trader would like to manually set their own Dealing Range, they can do so by marking the beginning of the Dealing Range view window visually through a tailored Manual Dealing Range setting.
Table Presentation: A table that can be presented in different locations on the chart, showing the percentages in relation to where price is trading in any given active Dealing Range. This is an incredibly useful tool for those wanting to see where they sit across Timeframes quickly.
Killzone Delineations: Traders can customize the Times of their preferred Killzones, whether conventional sessions, or their own preference. Their individual colors can also be customized to the trader's liking and preference.
Opening Prices: Traders can customize the colours to suit preferences and change the line thickness, plus adjust and label size.
Conclusion
The X-Levels Indicator is a powerful tool designed to streamline and enhance a trader’s ability to identify key price levels, track Dealing Ranges automatically, and highlight opportunities around Premium and Discount. By automating the measurement of dealing ranges and dynamically updating X-Levels across multiple Timeframes, this indicator eliminates the need for manual calculations, saving Time and allowing traders to focus on narrative.
When combined with Killzone delineations and Opening Prices, the indicator provides a comprehensive framework for aligning trades within the broader market context.
Whether used by beginners or experienced traders, the X-Levels Indicator empowers market participants with a structured approach to price action, liquidity dynamics, and trade location.
Usage Guidance:
Add X Levels° (TradeX) to your TradingView chart.
Select your preferred Timeframes for Dealing Ranges, Killzones, and Opening Prices.
Automate your analysis process with X Levels° (TradeX) and leverage it into your existing strategies to fine-tune your view through automatic Dealing Range tracking and charting.
Terms and Conditions
Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
Pivot Point dan Level
Midnight Opening Ranges[TDL]Midnight Opening Range Indicator for TradingView
Description:
The Midnight Opening Range Indicator as taught by Micheal J. Huddleston is a powerful tool designed for traders who want to analyze price action during the critical midnight to 00:30 timeframe. This indicator highlights the opening range for both the current day and previous days, providing valuable insights into market behavior during this specific period. It also calculates and displays deviations from the opening range, as well as allows for custom opening prices to be set, making it highly adaptable to your trading strategy.
Key Features:
Today's Opening Range (00:00 - 00:30):
The indicator plots the high and low of the price range between 00:00 and 00:30 for the current day.
This range is highlighted on the chart, making it easy to identify the initial market movement and potential support/resistance levels.
Previous Days' Opening Ranges:
The indicator also displays the opening ranges for previous days, allowing you to how price reacts off of previous days ranges not just todays.
This feature helps in identifying patterns or recurring behaviors in the market in which price uses this range and previous days ranges throughout the trading day.
Deviations from the Opening Range:
The indicator calculates and plots deviations from the opening range, both above and below the high and low of the range.
These deviations can be used to identify potential breakout or reversal points, giving you an edge in anticipating market moves.
Custom Opening Prices:
The indicator allows you to set custom opening prices, which can be useful if you want to analyze the market based on a specific reference point rather than the default midnight opening.
This feature is particularly useful for traders who follow alternative trading sessions or have specific entry criteria.
Customizable Visuals:
The indicator offers customizable colors and styles for the opening range, deviations, and custom opening prices, allowing you to tailor the visual representation to your preferences.
How to Use:
Identify Key Levels: Use the highlighted opening range to identify key support and resistance levels for the day.
Monitor Deviations: Watch for price movements beyond the opening range deviations to spot potential breakouts or reversals.
Previous Range Data: Use previous days to identify areas of potential AMD.
Set Custom Prices: Adjust the custom opening price to align with your trading strategy or session preferences.
Ideal For:
Day Traders: Perfect for traders who focus on the early hours of the market to capture initial momentum.
Swing Traders: Useful for identifying key levels that could influence price action over several days.
Algorithmic Traders: Can be integrated into automated trading systems to trigger trades based on the opening range and deviations.
Conclusion:
The Midnight Opening Range Indicator is an essential tool for any trader looking to gain an edge in the market by focusing on the critical midnight to 00:30 timeframe. With its ability to highlight opening ranges, calculate deviations, and accommodate custom opening prices, this indicator provides a comprehensive view of market behavior during this pivotal period. Whether you're a day trader, swing trader, or algorithmic trader, this indicator will help you make more informed trading decisions.
Bionic -- Expected Weekly Levels (Public)This script will draw lines for Expected Weekly Levels based upon Previous Friday Close, Implied Volatility (EOD Friday), and the square root of Days to Expire (always 7) / 365.
Script will draw 2 high and low levels:
*1st levels are 1 standard deviation from the Previous Friday Close.
* 2nd levels are 2 standard deviation from the Previous Friday Close.
There are also a 1/2 Low and 1/2 Low 1st level. These are 1/2 a standard deviation and act more as a point of interest level. 1/2 levels have 34% probability.
Configurations:
* All lines styles are individually configurable
* All lines can individually be turned on/off
* Text for all lines can be changed
* Global config allows for the
* Lines to show the price on the label
* Lines to have text in the label
* Hide or show all labels
* Lines offset from price is configurable
* Label size is configurable
Fibonacci Volume Profiles [AlgoAlpha]Unlock a deeper understanding of price action with the Fibonacci Volume Profiles indicator by AlgoAlpha! This powerful tool blends Fibonacci retracement levels with customizable volume profiles, helping traders identify high-probability areas of support, resistance, and accumulation. Designed for both continuous dynamic levels and custom time periods, this indicator is a must-have for traders seeking confluence in market structure analysis.
🔑 Key Features
📈 Dual Mode Selection : Choose between Continuous Fibonacci levels, which adapt dynamically to pivots, or a Custom Period mode, where you set your own start and end points.
📊 Integrated Volume Profile : Visualize volume distributions at key Fibonacci retracement levels, revealing areas of strong buying/selling interest.
🎨 Customizable Colors & Transparency : Adjust Fibonacci level colors, fill zones, and profile transparency for a visually clear experience.
🔍 Profile Resolution & Scaling : Control the number of price levels and width of the volume profile for detailed market insights.
🛠 Extendable Levels : Optionally extend Fibonacci levels to the right of the chart for better visualization of future price interaction.
📌 How to Use
Add the Indicator: Click on the star icon to add it to your favorites and apply it to your TradingView chart.
Analyze The Market: Observe how price interacts with Fibonacci levels alongside the volume profile to confirm support/resistance zones. Switch between custom range or continuous mode to align the tool with your trading style.
⚙️ How It Works
The indicator calculates pivot highs/lows dynamically (or uses user-defined time periods) to plot Fibonacci retracement levels. It then builds a volume profile by analyzing historical volume data, grouping it into price bins to highlight volume-heavy zones. The Point of Control (PoC) is identified as the level with the highest traded volume, acting as a key price magnet. The color-coded Fibonacci levels help traders spot retracement zones, while the volume profile confirms strength or weakness in those areas.
Daily Time TheoryDaily Time Theory Indicator
The Daily Time Theory indicator is a versatile tool designed exclusively for daily charts. It dynamically colors daily candles according to the day of the week using customizable colors, making it easy to visually distinguish between Monday through Friday. In addition, it provides the option to display horizontal lines for key price levels (Open, High, Low, and Close) for each day. These lines extend into the future for a user-defined number of weeks, giving traders a clear view of historical support and resistance levels.
Key Features:
Day-Based Candle Coloring:
Each weekday’s candles are automatically colored based on user-defined color settings (e.g. blue for Monday, green for Tuesday, etc.), enhancing chart clarity and enabling quick visual analysis of daily patterns.
Customizable Price Level Lines:
Traders can toggle on or off the display of the Open, High, Low, and Close price levels for each day. This allows you to focus on the specific data points that are most relevant to your trading strategy.
Extended Projections:
The indicator lets you extend the drawn price level lines for multiple weeks. This feature provides insight into historical price levels and helps identify potential support and resistance areas.
Tiny Labels for Clarity:
Each line drawn comes with a small, unobtrusive label at its far right that clearly indicates whether the line represents the Open, High, Low, or Close. This ensures that you always know which price level is being highlighted without cluttering the chart.
User-Friendly Input Grouping:
The inputs are neatly organized into groups by day, making it simple to adjust colors and toggle settings for each weekday independently.
How It Works:
The indicator automatically detects the current day on a daily chart and assigns a corresponding color to the candles.
It stores each day’s Open, High, Low, and Close values using persistent variables so that historical price levels remain visible.
When toggled on, horizontal lines representing the selected price levels are drawn across the chart. A tiny label is attached to the end of each line, indicating the type of price level.
The extended lines allow you to see how historical daily price levels may act as support or resistance in the future.
Usage Recommendations:
This indicator is best used on daily timeframes for markets with regular trading sessions. It is ideal for traders who wish to analyze intra-week price behavior, identify recurring support and resistance levels, and incorporate daily price structure into their trading strategy.
Position resetThe "Position Reset" indicator
The Position Reset indicator is a sophisticated technical analysis tool designed to identify possible entry points into short positions based on an analysis of market volatility and the behavior of various groups of bidders. The main purpose of this indicator is to provide traders with information about the current state of the market and help them decide whether to open short positions depending on the level of volatility and the mood of the main players.
The main components of the indicator:
1. Parameters for the RSI (Relative Strength Index):
The indicator uses two sets of parameters to calculate the RSI: one for bankers ("Banker"), the other for hot money ("Hot Money").
RSI for Bankers:
RSIBaseBanker: The baseline for calculating bankers' RSI. The default value is 50.
RSIPeriodBanker: The period for calculating the RSI for bankers. The default period is 14.
RSI for hot money:
RSIBaseHotMoney: The baseline for calculating the RSI of hot money. The default value is 30.
RSIPeriodHotMoney: The period for calculating the RSI for hot money. The default period is 21.
These parameters allow you to adjust the sensitivity of the indicator to the actions of different groups of market participants.
2. Sensitivity:
Sensitivity determines how strongly changes in the RSI will affect the final result of calculations. It is configured separately for bankers and hot money:
SensitivityBanker: Sensitivity for bankers' RSI. It is set to 2.0 by default.
SensitivityHotMoney: Sensitivity for hot money RSI. It is set to 1.0 by default.
Changing these parameters allows you to adapt the indicator to different market conditions and trader preferences.
3. Volatility Analysis:
Volatility is measured based on the length of the period, which is set by the volLength parameter. The default length is 30 candles. The indicator calculates the difference between the highest and lowest value for the specified period and divides this difference by the lowest value, thus obtaining the volatility coefficient.
Based on this coefficient, four levels of volatility are distinguished.:
Extreme volatility: The coefficient is greater than or equal to 0.25.
High volatility: The coefficient ranges from 0.125 to 0.2499.
Normal volatility: The coefficient ranges from 0.05 to 0.1249.
Low volatility: The coefficient is less than 0.0499.
Each level of volatility has its own significance for making decisions about entering a position.
4. Calculation functions:
The indicator uses several functions to process the RSI and volatility data.:
rsi_function: This function applies to every type of RSI (bankers and hot money). It adjusts the RSI value according to the set sensitivity and baseline, limiting the range of values from 0 to 20.
Moving Averages: Simple moving averages (SMA), exponential moving averages (EMA), and weighted moving averages (RMA) are used to smooth fluctuations. They are applied to different time intervals to obtain the average values of the RSI.
Thus, the indicator creates a comprehensive picture of market behavior, taking into account both short-term and long-term dynamics.
5. Bearish signals:
Bearish signals are considered situations when the RSI crosses certain levels simultaneously with a drop in indicators for both types of market participants (bankers and hot money).:
The bankers' RSI crossing is below the level of 8.5.
The current hot money RSI is less than 18.
The moving averages for banks and hot money are below their signal lines.
The RSI values for bankers are less than 5.
These conditions indicate a possible beginning of a downtrend.
6. Signal generation:
Depending on the current level of volatility and the presence of bearish signals, the indicator generates three types of signals:
Orange circle: Extremely high volatility and the presence of a bearish signal.
Yellow circle: High volatility and the presence of a bearish signal.
Green circle: Low volatility and the presence of a bearish signal.
These visual markers help the trader to quickly understand what level of risk accompanies each specific signal.
7. Notifications:
The indicator supports the function of sending notifications when one of the three types of signals occurs. The notification contains a brief description of the conditions under which the signal was generated, which allows the trader to respond promptly to a change in the market situation.
Advantages of using the "Position Reset" indicator:
Multi-level analysis: The indicator combines technical analysis (RSI) and volatility assessment, providing a comprehensive view of the current market situation.
Flexibility of settings: The ability to adjust the sensitivity parameters and the RSI baselines allows you to adapt the indicator to any market conditions and personal preferences of the trader.
Clear visualization: The use of colored labels on the chart simplifies the perception of information and helps to quickly identify key points for entering a trade.
Notification support: The notification sending feature makes it much easier to monitor the market, allowing you to respond to important events in time.
Fixed Gap Price LevelsIndicator Description:
The Fixed Gap Price Levels indicator draws horizontal price levels at user-defined intervals on the chart.
Users can select a starting price level (e.g., 71 or 2.1).
Lines are drawn at fixed gaps (e.g., if 71 is chosen, lines appear at 71, 142, 213, etc.).
An optional midpoint line can be enabled to appear halfway between the main levels.
Customizable colors for both main and midpoint lines.
Lines extend across the entire screen for easy visualization of price levels.
This tool helps traders quickly identify key price levels based on predefined spacing, aiding in technical analysis.
Unmitigated 50% of the RangeThis indicator is designed to display unmitigated 50% zones of price ranges within two swing (High and Low) points. The 50% level serves as a probable target for retracements before the price resumes its movement in the direction of the most recent swing. The underlying theory is that Price Action tends to correct unbalanced price zones by returning to 50% of the range.
The indicator identifies highs and lows utilizing the “Left Swing Sensitivity” setting, which detects the high/low points within the specified number of bars. It then ensures that the zone meets a minimum size requirement, configured via the “Minimum Leg Size” setting, to filter out smaller legs/zones that would not provide sufficient profit and loss opportunities for entries at 50% and take profit at the most recent swing point.
To prevent duplication of zones when the price is gradually moving up, an "Auto Adjust Levels" setting is available. Enabled by default, this feature automatically cleans up smaller zones, retaining only the primary zone between the most recent swing point and the outer swing.
Additionally, the indicator automatically removes mitigated zones where the price has returned to the 50% level, thus maintaining clean charts.
There are several visualization settings available, offering comprehensive control over what is displayed on the charts:
Control the color and style of the lines representing the 1, 0, and 50% levels.
Choose whether to display labels and if they should show the price at the rendered levels.
Optionally extend the lines/labels to the right for each level.
Killzones & Previous High-Low Liquidity [odnac]This indicator is designed for use in intraday trading to visualize key "Killzones" (specific time windows during different global market sessions) and highlight liquidity levels based on previous highs and lows from the previous day and week.
It helps traders identify potential market entry and exit points based on time-based trading zones and price action levels.
Key Features:
Killzone (Market Session Timeframes):
Asia (2000-0000 UTC): Displays a shaded box over the Asia trading session.
Europe (0200-0500 UTC): Highlights the European trading session.
New York AM (0830-1100 UTC): Represents the morning session of the NY market.
New York PM (1330-1600 UTC): Represents the afternoon session of the NY market.
Each of these timeframes can be customized in terms of session start and end times, and the shaded areas will help identify high liquidity periods when the market tends to be more active.
Previous High-Low Liquidity Zones:
Previous Week's High/Low: Displays lines at the high and low of the previous week.
These are important liquidity levels that can influence price action.
Previous Day's High/Low: Shows the high and low from the previous trading day.
These are also significant levels to watch for potential support and resistance.
Filters and Customization:
Position Filtering: The indicator allows users to filter out previous highs or lows if the current price doesn't align with those levels.
For example, it can filter out previous week highs if the current price is lower than that level.
Vertical Lines: Optional vertical lines to highlight key time points such as the start and end of the previous week and day.
How It Works:
The indicator visually draws "killzones" as shaded regions on the chart, indicating periods of increased market activity.
This can help traders align their strategies with the most liquid periods of the day.
The previous high and low lines (both for the previous week and the previous day) are drawn as solid lines and can be toggled on/off in the settings.
Labels are added to indicate the specific levels and periods.
The indicator provides clear visual cues, helping traders assess if the price is near important liquidity levels and whether the current market conditions align with those levels.
Customizable Settings:
You can control whether each Killzone and liquidity level is shown on the chart.
Color customization for the various zones and lines is also available.
The indicator also lets you decide whether to hide weekend data, set time-frame limits, and choose whether or not to show vertical lines at the beginning and end of each trading session.
This indicator is aimed at traders who want to trade based on high-liquidity periods and understand where key support and resistance levels are likely to emerge based on previous price action.
Volatility level'sThis indicator allows you to visualize and analyze critical levels based on the current market volatility. Using advanced measures such as standard deviations and daily variations, it plots dynamic probability levels (SD+1, SD+2, etc.), while adapting to your customized volatility settings.
Key Features:
Customized Volatility Adaptation :
- Adjust the volatility thresholds (Max Asset Volatility (5d) and Min Asset Volatility (5d)) for asset-specific analysis.
Advanced Visualization:
- Display up to 6 daily probability levels (from SD+3 to SD-3) with customizable lines and labels.
Real-Time Statistics :
- Detailed information table on the asset's positive and negative variations, including standard deviations.
Optimized Graphical Management :
- Option to add colored backgrounds to quickly visualize variations, and toggle vertical lines at day changes.
Precise Filters :
- Eliminate noise by filtering variations based on specific VIX (volatility index) conditions.
This tool is perfect for technical traders looking to integrate probabilistic analysis into their strategy. Add it to your charts and discover a new way to anticipate market movements!
CandelaCharts - Fib Retracement (OTE) 📝 Overview
The CandelaCharts Fib Retracement (OTE) indicator is a precision tool designed to help traders identify Optimal Trade Entry (OTE) levels based on Fibonacci retracement principles, as taught in ICT (Inner Circle Trader) methodology.
This indicator automatically plots Fibonacci retracement levels between a selected swing high and swing low, highlighting the key OTE zone between the 61.8% and 78.6% retracement levels—a prime area for potential reversals in trending markets.
📦 Features
Automatic & Custom lookback modes
Customizable fib levels
Dynamic coloring
Reverse & extend
⚙️ Settings
Lookback: Controls the number of bars to look back. You can choose between **Automatic** or **Custom** mode.
Line Style: Sets the line style for the Fibonacci levels.
Levels: 0, 0.236, 0.0.382, 0.500, 0.620, 0.705, 0.790, 0.886, 1.000. Allows you to toggle the visibility of Fibonacci levels.
Dynamic Coloring: Colors Fibonacci levels according to trend direction.
Show Labels: Shows the price value at each Fibonacci level.
Reverse: Flips the Fibonacci levels in the opposite direction.
Extend Left: Extends the Fibonacci levels to the left.
⚡️ Showcase
Dynamic Coloring
Manual Coloring
Fib Retracement
Extended
Custom Length
📒 Usage
Using the CandelaCharts Fib Retracement (OTE) is pretty straightforward—just follow these steps to spot high-probability trade setups and refine your entries.
Identify the Trend – Determine whether the market is in an uptrend or downtrend.
Select Swing Points – The indicator automatically plots from the most recent swing high to swing low (or vice versa).
Wait for Price to Enter OTE Zone – Look for price action confirmation within the optimal entry zone (61.8%-78.6%).
Enter the Trade – Consider longs in an uptrend at the OTE zone, and shorts in a downtrend.
Set Stop & Target – Place stops below/above the swing low/high and target extension levels (127.2%, 161.8%).
🎯 Key takeways
The CandelaCharts Fib Retracement (OTE) is a must-have tool for traders looking to refine their entries and maximize risk-reward potential with precision-based ICT trading strategies. 🚀
🚨 Alerts
The indicator does not provide any alerts!
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Pivot Breakouts with MA FilterPivot Breakouts with MA Filter
This script identifies pivot breakouts (both bullish and bearish) using support and resistance levels and overlays breakout labels, arrows, and customizable Moving Averages. It allows traders to fine-tune their analysis with multiple options to customize the display and behavior of the breakout signals.
Key Features:
Pivot Support and Resistance:
Support is defined by the lowest low in a given range (using the lookback period).
Resistance is defined by the highest high in a given range (using the lookback period).
The script draws support and resistance boxes on the chart when these levels change, providing clear visual markers for potential breakout areas.
Breakout Detection:
Bullish Breakout: A breakout above resistance and the price is above the selected moving average (MA).
Bearish Breakout: A breakdown below support and the price is below the selected MA.
Breakout events trigger labels indicating "Resistance Breakout" (for bullish) and "Support Breakout" (for bearish).
The option to show Breakout Labels (with customizable colors) is available in the settings.
Moving Average Filter:
You can select the type of moving average (SMA or EMA) to use for filtering breakout signals.
MA Filter Length: This input allows you to set the period of the moving average to act as a filter for breakout conditions. This helps ensure the breakout aligns with the broader trend.
Multiple Moving Averages (Optional):
You can add up to four different moving averages (SMA or EMA), each with its own length and color.
You have the option to toggle each moving average on or off and adjust their appearance settings (color and length).
The script supports dynamic plots for each moving average, helping to visualize multiple trends at once.
Breakout Arrows:
The script can display arrows (or other shapes) below the bar for bullish breakouts and above the bar for bearish breakouts.
Arrows are optional and can be turned on/off in the settings.
You can customize the shape of the arrows (e.g., arrow, circle, square, or even a large or small triangle).
Customizable Colors and Labels:
The color of the breakout labels and arrows can be customized in the settings to make them fit your chart's style and personal preferences.
Alerts:
Alerts can be set for new support and resistance levels, as well as when breakouts occur (either bullish or bearish).
The alert system helps to notify traders when significant price action takes place without needing to constantly monitor the chart.
Settings:
Select Moving Average Type (SMA or EMA)
MA Filter Length: Length of the moving average used for filtering breakout conditions.
Lookback Range: Determines the range over which the pivot points (support and resistance) are calculated.
Breakout Labels: Option to turn on/off breakout labels, and customize label colors.
Show Breakout Arrows: Enable or disable breakout arrows with shape options (arrow, circle, square, large triangle, small triangle).
Multiple Moving Averages: Option to show up to 4 MAs with customizable colors and lengths.
AE - ATR Exhaustion ChannelAE - ATR Exhaustion Channel
📈 Overview
Identify Exhaustion Zones & Trend Breakouts with ATR Precision!
The AE - ATR Exhaustion Channel is a powerful volatility-based trading tool that combines an averaged SMA with ATR bands to dynamically highlight potential trend exhaustion zones. It provides real-time breakout detection by marking when price moves beyond key volatility bands, helping traders spot overextensions and reversals with ease.
🔑 Key Features
✔️ ATR-SMA Hybrid Channel: Uses an averaged SMA as the core trend filter while incorporating adaptive ATR-based bands for precise volatility tracking.
✔️ Dynamic Exhaustion Markers: Marks red crosses when price exceeds the upper band and green crosses when price drops below the lower band.
✔️ Customizable ATR Sensitivity: Adjust the ATR multiplier and length settings to fine-tune band sensitivity based on market conditions.
✔️ Clear Channel Visualization: A gray SMA midpoint and a blue-filled ATR band zone make it easy to track market structure.
📚 How It Works
1️⃣ Averaged SMA Calculation: The script calculates an averaged SMA over a user-defined range (min/max period). This smooths out short-term fluctuations while preserving trend direction.
2️⃣ ATR Band Construction: The ATR value (adjusted by a multiplier) is added to/subtracted from the SMA to form dynamic upper and lower volatility bands.
3️⃣ Exhaustion Detection:
If high > upper ATR band, a red cross is plotted (potential overextension).
If low < lower ATR band, a green cross is plotted (potential reversal zone).
4️⃣ Filled ATR Channel: The area between the upper and lower bands is shaded blue, providing a visual trading range.
🎨 Customization & Settings
⚙️ ATR Length – Adjusts the ATR calculation period (default: 14).
⚙️ ATR Multiplier – Scales the ATR bands for tighter or wider volatility tracking (default: 0.8, adjustable in 0.1 steps).
⚙️ SMA Range (Min/Max Length) – Defines the period range for calculating the averaged SMA (default: 5-20).
⚙️ Rolling Lookback Length – Controls how far back the high/low comparison is calculated (default: 50 bars).
🚀 Practical Usage
📌 Spotting Exhaustion Zones – Look for red/green markers appearing outside the ATR bands, signaling potential trend exhaustion and possible reversal opportunities.
📌 Breakout Confirmation – Price consistently breaching the upper band with momentum could indicate continuation, while repeated touches without strong closes may hint at reversal zones.
📌 Trend Reversal Signals – Watch for green markers below the lower band in uptrends (buy signals) and red markers above the upper band in downtrends (sell signals).
🔔 Alerts & Notifications
📢 Set Alerts for Exhaustion Signals!
Traders can configure alerts to trigger when price breaches the ATR bands, allowing for instant notifications when volatility-based exhaustion is detected.
📊 Example Scenarios
✔ Trend Exhaustion in Overextended Moves – A series of red crosses near resistance may indicate a short opportunity.
✔ Trend Exhaustion in Overextended Moves – A series of red crosses near resistance may indicate an opportunity to open a short trade.
✔ Volatility Compression Breakouts – If price consolidates within the ATR bands and suddenly breaks out, it could signify a momentum shift.
✔ Reversal Catching in Trending Markets – Spot potential trend reversals by looking for green markers below the ATR bands in bullish markets.
🌟 Why Choose AE - ATR Exhaustion Channel?
Trade with Confidence. Spot Volatility. Catch Breakouts.
The AE - ATR Exhaustion Channel is an essential tool for traders looking to identify trend exhaustion, detect breakouts, and manage volatility effectively. Whether you're trading stocks, crypto, or forex, this ATR-SMA hybrid system provides clear visual cues to help you stay ahead of market moves.
✅ Customizable to Fit Any Market
✅ Combines Volatility & Trend Analysis
✅ Easy-to-Use with Instant Breakout Detection
Z PLUS table take profit & Stop lose ### General Description:
The **Z PLUS Take Profit & Stop Loss** indicator is designed to provide traders with a structured approach to setting take profit (TP) and stop loss (SL) levels. It integrates multiple technical analysis techniques, including moving averages, the Relative Strength Index (RSI), and the Average True Range (ATR), to generate signals for potential trade entries and exits.
Key features of this indicator include:
1. **Trend Detection** – Uses a moving average-based strategy combined with RSI confirmation to determine bullish or bearish trends. The system identifies trend reversals and signals potential long (buy) or short (sell) opportunities.
2. **ATR-Based Stop Loss** – Implements an adaptive stop-loss mechanism that adjusts dynamically based on market volatility. This ensures that stop losses are positioned in a way that minimizes premature exits while still protecting against excessive losses.
3. **Swing High & Swing Low Take Profit Levels** – Incorporates a swing high and swing low detection method to identify key levels for taking profits. These levels help traders optimize their risk-reward ratios.
4. **ADX for Trend Strength Confirmation** – Utilizes the Average Directional Index (ADX) to determine the strength of the trend and adjust stop-loss levels accordingly. The indicator differentiates between strong and weak trends to enhance decision-making.
5. **Visual Signals & Color Coding** – Provides visual cues such as colored stop-loss lines and plotted take-profit markers to enhance usability. The indicator dynamically updates these levels based on price movements.
6. **Flexible Configuration** – Allows users to modify key parameters such as ATR length, sensitivity factors, and profit target percentages to tailor the strategy to their specific trading style and market conditions.
This indicator is best suited for traders looking to improve their risk management strategies while maintaining a structured approach to profit-taking and stop-loss placement.
Liquidity ZonesLiquidity Zones Indicator
The Liquidity Zones indicator is a custom Pine Script™ tool designed to identify significant price levels where high trading volume has occurred. These zones often act as support or resistance levels, providing valuable insights for traders.
Key Features:
Window Size: The number of bars to consider for calculating the moving averages and identifying peaks.
Tolerance: The allowable percentage difference to consider peaks as unique.
Number of Peaks: The maximum number of significant peaks to identify.
Minimum Volume: The minimum volume threshold relative to the average volume to consider a peak.
Minimum Range: The minimum price range to consider a peak.
How It Works:
Input Parameters: The user can customize the window size, tolerance, number of peaks, minimum volume, and minimum range.
Moving Averages: The script calculates the simple moving average (SMA) of the volume and closing prices over the specified window.
Peak Identification:
For each bar, the script identifies the bar with the highest volume within the window.
It checks if the volume exceeds the minimum volume threshold.
It determines the peak price based on whether the bar closed higher or lower than it opened.
It ensures the price range of the bar exceeds the minimum range.
It checks if the peak is above the SMA of the closing prices.
It verifies the peak is unique within the specified tolerance.
Plotting Peaks: The identified peaks are plotted on the chart with lines and labels, color-coded based on whether the bar closed higher (green) or lower (red).
This indicator helps traders visualize key liquidity zones, aiding in making informed trading decisions.
Price Sync Mapper+ [Pt]█ Description:
Price Sync Mapper is a robust TradingView indicator designed to plot correlated price levels of related assets onto the primary chart. This tool is particularly useful for traders who want to trade one asset while monitoring the price action and key levels on another correlated asset, such as leveraged ETFs, inverse ETFs , and other correlated trading pairs. By mapping the price levels of one asset onto another, traders can gain insights into relative price movements and potential trading opportunities.
█ Key Features:
► Multiple Asset Mapping: Supports mapping up to two different tickers onto the primary chart, each with customizable settings, including leverage and inverse properties.
► Dynamic Price Levels: Define the number of price levels to map based on the price movements of the correlated asset, with the scale defined by the multiplier setting.
► VWAP Integration: Option to display Volume Weighted Average Price (VWAP) lines for each mapped ticker, providing additional context on average trading prices. Users can also choose to smooth the VWAP line with a moving average.
► Custom Target Levels: Set and display custom price targets with detailed labels, allowing visualization of key price levels for trading strategies. Users can define labels, tickers, and offsets for up to 8 custom price targets.
► Flexible Update Frequency: Choose to update the indicator on every tick or at the close of each candle, providing flexibility based on trading style and preferences.
► Extended Hours Highlighting: Option to highlight extended trading hours sessions, helping to differentiate between regular and extended trading periods.
► Price Change Display: Displays the percentage price change for each mapped ticker, providing quick insights into the relative performance of correlated assets.
► Table Display: Option to show a table with the current prices, leverage factors, and percentage changes of the mapped tickers, enhancing overall usability and information accessibility. The table can be positioned at various locations on the chart and its font size can be customized.
█ Usage Examples:
► Example 1:
Map the price levels of the Direxion Daily TSLA Bull 2X Shares (TSLL) onto the primary chart of Tesla Inc. (TSLA). This allows traders to see how the leveraged ETF's price movements align with the underlying stock, providing insights into potential trading opportunities based on leverage effects.
► Example 2:
Trade ProShares UltraPro Short QQQ (SQQQ) price levels on Invesco QQQ Trust (QQQ). By mapping the inverse 3x leveraged ETF's price levels onto the underlying asset, traders can set their targets directly on the QQQ chart without flipping between charts and 'guess-timate' which level correspond to which level.
█ Cautionary Note:
Price mapping may not work properly during extended trading hours due to lack of price data, and different trading dynamics and volume.
[AcerX] Leverage, TP & Optimal TP CalculatorHow It Works
Inputs:
Portfolio Allocation (%): The percentage of your portfolio you're willing to risk on the trade.
Stop Loss (%): The stop loss distance below the entry price.
Taker Fee (%) and Maker Fee (%): The fees applied on entry and exit.
Calculations:
The script calculates the required "raw" leverage to risk 1% of your portfolio.
It floors the computed leverage to an integer ("effectiveLeverage").
If the computed leverage is less than 1, it shows an error message (and suggests the maximum allocation for at least 1× leverage).
Otherwise, it calculates the TP levels for target profits of 1.2%, 1.5%, and 2%, and an "Optimal TP" that nets a 1% profit after fees.
Display:
A table is drawn on the top right corner of your chart displaying the effective leverage, the TP levels, and an error message if applicable.
Simply add this script as a new indicator in TradingView, and adjust the inputs as needed.
Happy trading!
Discount/Premium OTE LevelsThis indicator is created to identify discount/premium areas to provide additional confluence to trades taken. The underlying theory is that the trades taken in discounted areas are likely to have less risk due to a smaller stop loss and a higher reward/risk ratio.
The indicator operates by first identifying a zone between the last major swing high and low. These highs and lows are determined as price points that at the extremes within the number of bars to the left, as defined by the "Swing Sensitivity" setting.
Once a price zone is established, the indicator verifies that the zone meets the minimum size in points as configured via the "Minimum size" setting to be considered tradable. Zones that are too small may not provide a sufficient range even for scalping. The default value is 42 points based on Nasdaq, which means that the distance between inner most OTE levels (0.382 and 0.618) is at least 10 points.
When a valid zone is identified, it is then subdivided into areas of interest based on OTE levels, which can be configured/adjusted via the "Levels to Draw" setting. These levels represent the midpoint (50%), which distinguishes between premium and discount, and the three OTE levels 0.79, 0.705, 0.618, above the 50% for discount and below the 50% for premium.
For example, if a zone is formed initially by a swing low followed by a swing high with the assumption that the draw is higher, the indicator can be used to formulate long positions from below the 50% level starting at 0.38 OTE level, or ideally at 0.295 OTE level using 0 as a stop loss. Alternatively, if the 50% level is not yet tapped, short scalp positions can be made from 0.79-0.618 OTE levels with 50% as a partial or TP target.
See for long/short example
Typically, the indicator will show only a single zone. However, there may be cases with two zones: one larger parent zone containing a smaller, valid price zone within itself.
The indicator will automatically invalidate and remove the zone once the high/low of the zone is invalidated.
Configuration:
The indicator provides several visualization options for customization, including:
Color settings for OTE levels, with separate settings for edge/50% color, premium, and discount levels.
Settings for line style for OTE levels.
Settings to determine whether to show prices on level labels.
Settings to decide if lines should be extended to the right.
Support and Resistance all in one The Support and Resistance Indicator (v4) is designed to identify and track key price levels in financial markets. Here's how it works:
Core Functionality
Level Detection
Uses pivot points to identify significant price levels
Looks for swing highs (resistance) and swing lows (support)
Requires price action to pivot over a specified period (default 10 bars)
Dynamic Level Management
Maintains separate arrays for support and resistance levels
Limits maximum displayed levels (default 10) to prevent chart clutter
Removes oldest levels when maximum is reached
Ensures new levels are sufficiently distant from existing ones (minimum 1% separation)
Touch Detection System
Monitors price interaction with established levels
Counts when price comes within 0.1% of any level
Updates touch count and strength classification
Categories: "New" (1 touch), "Moderate" (2 touches), "Strong" (3+ touches)
Visual Representation
Draws horizontal lines at each level
Updates line width based on strength (thicker for stronger levels)
Shows labels with price and strength information
Color coding: Red (new/moderate levels), Green (strong levels)
Displays triangles (▼▲) at pivot points
Trading Applications
Support/Resistance Trading
Strong levels (3+ touches) suggest reliable trading zones
More touches indicate higher probability reversal points
Use for stop loss and target placement
Breakout Trading
Monitor breaks of strong levels
Higher touch count suggests more significant breakouts
Watch for false breakouts at weaker levels
Risk Management
Place stops beyond strong levels
Use level strength to adjust position size
Consider multiple timeframe analysis
Best Practices
Use with other indicators for confirmation
Consider market context and trend
Monitor level strength development
Don't rely solely on touch count
Watch for price reaction at levels
Customization Options
Adjust pivot length for different timeframes
Modify minimum distance between levels
Change required touches for "Strong" classification
Toggle strength labels display
Choose line style (Solid/Dashed/Dotted)
This indicator helps identify key price levels where market participants have shown interest, making it valuable for trade planning and risk management
Opening RangeThe Opening Range indicator highlights the high, low, and midpoint of the first hour (1H) of each trading day and the first four hours (4H) of each trading week. These ranges are displayed as rectangles, providing key support, resistance, and breakout levels.
Features
1H Daily Range: Shows the opening range for the first hour of each trading day.
4H Weekly Range: Shows the opening range for the first four hours of each trading week.
Middle Line: Displays a dotted line at the midpoint of each range for additional reference.
Labels: Marks each range with "OR.1H" or "OR.4H" for easy identification.
Customizable: Adjust colors, toggle visibility, and set the number of ranges to display.
How to Use
Use the high and low of the range as potential support and resistance levels.
Watch for breakouts above or below the range for trading opportunities.
Use the midpoint line as a reference for mean reversion or trend analysis.
Swing Breakout System (SBS)The Swing Breakout Sequence (SBS) is a trading strategy that focuses on identifying high-probability entry points based on a specific pattern of price swings. This indicator will identify these patterns, then draw lines and labels to show confirmation.
How To Use:
The indicator will show both Bullish and Bearish SBS patterns.
Bullish Pattern is made up of 6 points: Low (0), HH (1), LL (2 | but higher than initial Low), New HH (3), LL (5), LL again (5)
Bearish Patten is made up of 6 points: High (0), LL (1), HH (2 | but lower than initial high), New LL (3), HH (5), HH again (5)
A label with an arrow will appear at the end, showing the completion of a successful sequence
Idea behind the strategy:
The idea behind this strategy, is the accumulation and then manipulation of liquidity throughout the sequence. For example, during SBS sequence, liquidity is accumulated during step (2), then price will push away to make a new high/low (step 3), after making a minor new high/low, price will retrace breaking the key level set up in step (2). This is price manipulating taking liquidity from behind high/low from step (2). After taking liquidity price the idea is price will continue in the original direction.
Step 0 - Setting up initial direction
Step 1 - Setting up initial direction
Step 2 - Key low/high establishing liquidity
Step 3 - Failed New high/low
Step 4 - Taking liquidity from step (2)
Step 5 - Taking liquidity from step 2 and 4
Pattern Detection:
- Uses pivot high/low points to identify swing patterns
- Stores 6 consecutive swing points in arrays
- Identifies two types of patterns:
1. Bullish Pattern: A specific sequence of higher lows and higher highs
2. Bearish Pattern: A specific sequence of lower highs and lower lows
Note: Because the indicator is identifying a perfect sequence of 6 steps, set ups may not appear frequently.
Visualization:
- Draws connecting lines between swing points
- Labels each point numerically (optional)
- Shows breakout arrows (↑ for bullish, ↓ for bearish)
- Generates alerts on valid breakouts
User Input Settings:
Core Parameters
1. Pivot Lookback Period (default: 2)
- Controls how many bars to look back/forward for pivot point detection
- Higher values create fewer but more significant pivot points
2. Minimum Pattern Height % (default: 0.1)
- Minimum required height of the pattern as a percentage of price
- Filters out insignificant patterns
3. Maximum Pattern Width (bars) (default: 50)
- Maximum allowed width of the pattern in bars
- Helps exclude patterns that form over too long a period
HTF EMA Pivot PointsHTF EMA Pivot Points - TradingView Indicator
📌 Overview
The HTF EMA Pivot Points indicator displays Exponential Moving Averages (EMAs) from higher timeframes (HTF) on your current chart. These EMAs act as dynamic support and resistance levels, helping traders identify key areas where price is likely to react.
⚡ Key Features
✅ Plots EMAs from multiple timeframes (1H, 4H, Daily)
✅ Works on any chart (1M, 5M, 15M, etc.)
✅ Acts as pivot points for price action, helping with trade entries & exits
✅ Customizable EMA lengths for flexibility
✅ Ideal for scalping, 0DTE options trading, and swing trading
🛠 How It Works
The script calculates EMAs from 1H, 4H, and Daily charts and overlays them on your current timeframe. These levels often act as support and resistance zones, where price tends to bounce or reject.
🎯 How to Use It for Trading
📍 Bullish Setup (Buy Calls)
• Price bounces off a higher timeframe EMA (e.g., 4H or Daily EMA)
• Confirmation with RSI or Fair Value Gaps (FVGs)
📍 Bearish Setup (Buy Puts)
• Price rejects from a higher timeframe EMA
• Confirmation with other indicators (RSI, MACD, Order Flow)
🚀 Why Use This Indicator?
• Filters out noise from lower timeframe EMAs
• Confirms trend direction using key moving averages
• Helps avoid false breakouts by identifying strong institutional levels
This is a must-have tool for traders who rely on higher timeframe confluence for scalping, options trading, or swing trading. 📈🔥
BIAS PRO - Zones + Liquidity + SP&RS [AlgoRich]This multifunction indicator is used to identify key areas on the chart, liquidity levels, and support/resistance zones (SP&RS). Its design is aimed at highlighting price pivots (swings) by drawing zones (boxes and lines) based on these pivots, while also displaying information about trading sessions and levels of analysis across different timeframes.
1. Configuration and Input Parameters
Swing Parameters (Bars Right-Left):
Two inputs are defined to adjust the number of bars on the right and left used to detect pivots (swings). This allows the determination of high and low pivot points.
Display Options:
You can choose to show or hide boxes, lines, and labels (bubbles). There is also an option to extend the zones until they are “filled” (confirmed), and you can opt to hide those zones once filled.
Appearance:
Visual parameters are defined, such as the option to display high and low pivots, colors for lines, labels, and boxes (for both bullish and bearish conditions), line styles (solid, dotted, dashed), and other aesthetic details (box width, label size, text alignment).
Lookback and Time Range:
The “lookback” and “daysBack” variables determine whether the analysis is limited to data from a certain number of days, helping to filter out older historical information.
2. Calculation of Pivots (Swings) and Zone Detection
Price Pivots:
Using the pivot functions (ta.pivothigh and ta.pivotlow), the script identifies swing high and low points based on the configured swing size (bars left and right).
If a swing high is detected, its bar index is stored and the corresponding signal is activated.
Similarly, a swing low is detected and marked.
Drawing Zones:
When a swing (high or low) is detected and the time range condition is met (inRange), the script draws:
Boxes: These visually represent the area around the pivot level. The configuration (type and width) is adjustable.
Lines: A horizontal line is drawn from the pivot point to the current bar, using the defined style and color.
Boxes and lines are drawn for both high pivots (showhighs) and low pivots (showlows).
Additionally, these zones are updated and extended dynamically as new bars appear, and zones that are “filled” (when the price exceeds the zone level) are removed.
Labels and Markers:
If enabled, the script displays circle markers (using plotshape) at the swing points.
3. Operational Zone (Sessions)
Customizable Sessions:
The script allows defining up to three operational sessions with distinct time ranges and colors.
For example, Session 1, Session 2, and Session 3 have configurable time ranges and colors (with adjustable opacity).
It checks if the current time falls within any of these sessions and, if so, applies a background color (bgcolor) to the chart with the configured session color.
Timezone Adjustment:
You can configure a UTC offset or use the exchange’s timezone to correctly adjust the session times.
4. Additional Levels and Analysis Groups
Groups of Levels (Levels 1, 2, 3, and 4):
Several groups are defined that allow data requests from different timeframes (e.g., 60 minutes, 240 minutes, daily, or weekly) and configure their parameters (length, line style, color).
For each group, the script uses a function that requests non-repainting data and calculates pivot levels based on ta.pivothigh/ta.pivotlow.
These levels are drawn on the chart with lines and “shadow” lines to reinforce the visualization of key pivot points. Labels are added with a slight offset to indicate the pivot value in the corresponding timeframe.
5. Maintenance and Management of Drawn Elements
Dynamic Update and Deletion:
The script maintains arrays to store the drawn boxes and lines. As new elements are added and the array reaches a maximum size (e.g., 500 elements), the oldest elements are deleted to avoid overloading the chart.
Extension and Hiding Conditions:
Conditions are checked to extend or delete zones based on whether the price has “filled” the area (i.e., if the current price has surpassed the zone level). There is also an option to hide zones once they are filled.
6. Session (Operational Zone) and Levels for Multiple Timeframes
Session Settings:
In addition to the pivot zones, the indicator also defines operational sessions with adjustable time ranges and colors, shading the background of the chart during those sessions.
Additional Level Groups:
The indicator allows grouping of analysis levels by timeframe, which can be useful for multi-timeframe analysis. Parameters such as length, style, and color are configurable for each group.
Summary:
The "BIAS PRO - Zones + Liquidity + SP&RS " is an all-in-one indicator that combines the detection of price pivots (swings) with the visual representation of key zones on the chart. With options to customize appearance, manage operational sessions, and group levels across different timeframes, this script is designed to help traders identify areas of high liquidity, potential breakouts, or reversals, thus optimizing decision-making based on market structure.
This explanation covers the main functionalities and workflow of the script, making it easier to understand without needing to examine the code in detail.
