This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified.
Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
If you trade Forex and Indices this indicator will help you identify Buying and Selling levels that Banks are interested in. These levels are displayed on all time frames. Colors of the lines can be customized.
I also added code to show two EMA's, just uncomment the code to show them. :-)
How to use this indicator.
Show Bank Zones - this...
Given the positive feedback received on the first Dynamic Support/Resistance script, I've decided to rewrite it on Pine Script v5 and publish it with open source code.
The main Divina area (box) is derived from change in price and volume, while the other support and resistance levels are based on the golden ratio (Divina proportione) or Fibonacci numbers.
The Peak Activity Levels indicator displays support and resistance levels from prices accompanied by significant volume. The indicator includes a histogram returning the frequency of closing prices falling between two parallel levels, each bin shows the number of bullish candles within the levels.
Length: Lookback for the detection of volume...
A simple script that allows you to plot 8 different zones of support and resistance. Enter the high and low of a support/resistance zone, and the script will fill the range for easier viewing. Open source and all settings can be customized.
Script dedicated for Dax and listing all zones manually chosen and defined based on Dax observation. Script also allows to define offset that automatically recalculates zones, as original levels are valid for Futures Dax Contract. Levels of 14k and 13k are covered. Enjoy!
Key Levels Backtest, same logic as the key levels script, provide levels based:
High, Low, Mid and Close.
This was requested, took a long time to post as I fell sick and was given a lot of Dev Work.
Hope this helps those who use it, very useful to see liquidity grabs in my opinion.
Input time in minutes!
Result of a user request.
Upgraded indicator Margin Zones with various number of options:
- Number of Days Ago to limit days when Zones are visible
- Price, margin and ticks can be set with decimal point
- Zones can be switched off separately
- all line are editable
**DESIGNED FOR ES/MES** This script provides an easy visualization of potential reversion zones to take trades back to the intraday midline. A common use would be to enter a position once price reached the outer yellow zones and retreats to either the red zone (for a short toward the midline) or a green zone (for a long back to the midline).
**DESIGNED FOR NQ/MNQ** This script provides an easy visualization of potential reversion zones to take trades back to the intraday midline. A common use would be to enter a position once price reached the outer yellow zones and retreats to either the red zone (for a short toward the midline) or a green zone (for a long back to the midline).
This indicator marks the resistances and supports of the post, pre and market sessions of the previous day projecting up to the market of the day, also it marks the hours of these three markets allowing to identify the beginning and end of the sessions in London, Hong Kong, and America.
Hello, Hello, Hello and welcome back to Bitcoin Beats.
This is a combination of indicators with a nice color code to nail supports and resistances along with pivot points in the market.
This was made for btc but can be used with other assets and currencies.
The arrows have been backtested but only for breakeven on most timeframes.
Thank you, And goodbye, from...
I found this awesome script from @quantadelic and edited it to be a bit more legible for regular use, including coloured zones and removing the intercept / slope values as variables, to leave space for the fib levels in the indicator display. I hope you all like it.
This indicator generates a zone for a moving average by means of the high and low source of the same average, the moving average should be worked as zones not as a line, by default a simple average of 200 periods is configured, the indicator has direction detection and represents it by the green and red colors, it also has padding with the same characteristic, it...