Candle Spread
Candle Spread is an indicator that helps traders measure the range of price movement within each candle over a specified time period. It calculates the range of the candle between the High and Low (High - Low) and displays it in a separate window below the chart as columns.
Key Features:
Colored Bars: The bars are colored based on the candle's direction:
Bullish Candle: Bars are Green.
Bearish Candle: Bars are Red.
Moving Average: The indicator includes a 30-period Simple Moving Average (SMA), which represents the overall average range of the candles.
Helps Identify Market Volatility: This indicator helps traders identify wide-range candles (signaling high volatility in the market), which could indicate a surge in momentum or potential trend reversals.
Candlestick analysis
Wick Detection (1 and 0) - AYNETDetailed Scientific Explanation
1. Wick Detection Logic
Definition of a Wick:
A wick, also known as a shadow, represents the price action outside the range of a candlestick's body (the region between open and close).
Upper Wick: Occurs when the high value exceeds the greater of open and close.
Lower Wick: Occurs when the low value is lower than the smaller of open and close.
Upper Wick Detection:
pinescript
Kodu kopyala
bool has_upper_wick = high > math.max(open, close)
This checks if the high price of the candle is greater than the maximum of the open and close prices. If true, an upper wick exists.
Lower Wick Detection:
pinescript
Kodu kopyala
bool has_lower_wick = low < math.min(open, close)
This checks if the low price of the candle is less than the minimum of the open and close prices. If true, a lower wick exists.
2. Binary Representation
The presence of a wick is encoded as a binary value for simplicity and computational analysis:
Upper Wick: Represented as 1 if present, otherwise 0.
pinescript
Kodu kopyala
float upper_wick_binary = has_upper_wick ? 1 : 0
Lower Wick: Represented as 1 if present, otherwise 0. This value is inverted (-1) for visualization purposes.
pinescript
Kodu kopyala
float lower_wick_binary = has_lower_wick ? 1 : 0
3. Visualization with Histograms
The plot function is used to create histograms for visualizing the binary wick data:
Upper Wicks: Plotted as positive values with green columns:
pinescript
Kodu kopyala
plot(upper_wick_binary, title="Upper Wick", color=color.new(color.green, 0), style=plot.style_columns, linewidth=2)
Lower Wicks: Plotted as negative values with red columns:
pinescript
Kodu kopyala
plot(lower_wick_binary * -1, title="Lower Wick", color=color.new(color.red, 0), style=plot.style_columns, linewidth=2)
Features and Applications
1. Wick Visualization:
Upper wicks are displayed as positive green columns.
Lower wicks are displayed as negative red columns.
This provides a clear visual representation of wick presence in historical data.
2. Technical Analysis:
Wick formations often indicate market sentiment:
Upper Wicks: Sellers pushed the price lower after buyers drove it higher, signaling rejection at the top.
Lower Wicks: Buyers pushed the price higher after sellers drove it lower, signaling rejection at the bottom.
3. Signal Generation:
Traders can use wick detection to build strategies, such as identifying key price levels or market reversals.
Enhancements and Future Improvements
1. Wick Length Measurement
Instead of binary detection, measure the actual length of the wick:
pinescript
Kodu kopyala
float upper_wick_length = high - math.max(open, close)
float lower_wick_length = math.min(open, close) - low
This approach allows for thresholds to identify significant wicks:
pinescript
Kodu kopyala
bool significant_upper_wick = upper_wick_length > 10 // For wicks longer than 10 units.
bool significant_lower_wick = lower_wick_length > 10
2. Alerts for Long Wicks
Trigger alerts when significant wicks are detected:
pinescript
Kodu kopyala
alertcondition(significant_upper_wick, title="Long Upper Wick", message="A significant upper wick has been detected.")
alertcondition(significant_lower_wick, title="Long Lower Wick", message="A significant lower wick has been detected.")
3. Combined Wick Analysis
Analyze both upper and lower wicks to assess volatility:
pinescript
Kodu kopyala
float total_wick_length = upper_wick_length + lower_wick_length
bool high_volatility = total_wick_length > 20 // Combined wick length exceeds 20 units.
Conclusion
This script provides a compact and computationally efficient way to detect candlestick wicks and represent them as binary data. By visualizing the data with histograms, traders can easily identify wick formations and use them for technical analysis, signal generation, and volatility assessment. The approach can be extended further to measure wick length, detect significant wicks, and integrate these insights into automated trading systems.
[TheMandalor] Invert or Mirror Chart SUPPORT RESSISTANTThis is a new idea to find supports and resistant’s for any charts.
What is the concept of this indicator:
1. It is used close and inverted it on chart
2. When the real chart and the inverted chart is crossing together several times, this point will be important on this concept that means the price will care about this point again and again.
3. When you draw a horizontal line as support and resistance check it with this indicator too, if your support and resistance is touched with inverted chart, it will be more important than normal support/ resistance.
4. This indicator has plot candle too, it means you can compare regular chart with the inverted one at same time if you need.
Here is the steps:
1. When you add the indicator to your chart it will add your ticker as inverted.
2. Change your chart type to line chart.
3. Fix your scale in both sides left and right (the indicator's side is on the left).
4. Now you must have two type of line charts, one is yours (The blue one) and one is plotted with this indicator (The purple one).
5. Draw a horizontal line where these two lines have more crossing at the middle of chart, this line will be a powerful line later.
6. Find other more crossed points and draw horizontal line for them too.
7. Now you can see these indicator's support and resistant’s, now you can remove the indicator and watch how the price will touch, reverse, or stay on your new type of support and resistant’s lines.
PS: I have added candle plotting too if you need it.
SPX Open vs SMA AlertThis indicator is specifically designed to identify the first market-relevant candle of the S&P 500 (SPX) after the market opens. The opening price of the trading day is compared to a customizable simple moving average (SMA) period. A visual marker and an alert are triggered when the opening price is above the SMA. Perfect for traders seeking early market trends or integrating automated trading strategies.
Features:
Market Open: The indicator uses the New York market open time (09:30 ET), accounting for time zones and daylight saving time changes.
Flexible Time Offset: Users can set a time offset to trigger alerts after the market opens.
Customizable SMA: The SMA period is adjustable, with a default value of 10.
Visual Representation: A step-line SMA is plotted directly on the chart with subtle transparency and clean markers.
Alert Functionality: Alerts are triggered when conditions are met (opening price > SMA).
Usage:
This indicator is ideal for identifying relevant trading signals early in the session.
Alerts can also serve as triggers for automated trading, e.g., in conjunction with the Trading Automation Toolbox.
Supports both intraday and daily charts.
Alarm Settings:
Select the appropriate symbol (e.g., SPX) and the alert condition "SPX Open > SMA10".
Trigger Settings:
Choose "Once Per Bar Close" to ensure the condition is evaluated at the end of each candle.
If you prefer to evaluate the condition immediately when it becomes true, choose "Once Per Minute".
Duration:
Set the alarm to "Open-ended" if you want it to remain active indefinitely.
Alternatively, set a specific expiration date for the alarm.
Day High/Low and Horizontal Lines with Custom Increments How It Works:
Day High and Day Low: The indicator tracks and displays the highest and lowest prices of the current trading day. These values are updated dynamically throughout the day.
Custom Horizontal Lines: The user specifies a starting price and an increment value. The indicator then plots multiple horizontal lines above and below the starting price, spaced at the given increment. Up to 15 lines can be drawn in both directions (above and below).
Alerts: Alerts are triggered when the price crosses any of the horizontal lines, helping traders monitor potential breakouts or reversals.
Use Case:
This indicator is useful for traders who want to:
Track the Day High/Low: Easily reference the high and low of the current day as key price levels.
Monitor Key Price Levels: Draw and observe custom horizontal levels above and below a specific price, such as support/resistance levels or price targets.
Set Alerts: Receive notifications when the price crosses these key levels, helping identify potential breakout or breakdown points in the market.
Why Use This Indicator:
Day Trading: Traders can monitor the high and low of the current trading day to see if the price breaks through key levels.
Breakout Strategy: The custom horizontal lines provide reference points for potential breakout levels, with alerts helping traders act in real-time.
Support and Resistance: The plotted lines can represent predefined support or resistance levels, allowing traders to plan their entries and exits effectively.
The indicator gives a structured way to visualize price movements, highlight important price levels, and react quickly with alerts when the price crosses those levels.
Bearish BreakerDescription:
The Bearish Breaker is designed to detect significant bearish candles that meet specific customizable conditions, allowing traders to easily identify potential sell signals or strong downtrends. This indicator highlights bearish candles based on size, close position within the candle's range, and other specific criteria, with options to plot Fibonacci levels, a stop loss line, and dollar loss estimation.
Key Features:
1. Customizable Candle Highlighting Conditions:
Highlights candles that are bearish and whose body is greater than a user-defined multiple of the average candle body size over a specified period.
2.Checks if the candle’s close is within a customizable percentage from the bottom of the candle’s range (default is 35%).
3. Ensures the close is lower than the lows of the previous two candles.
Visual Markings:
1. A plus sign appears below large bearish candles that meet the highlighting criteria.
2. Optionally plots a line at the low of the previous candle, labeled as "FVG" (Fair Value Gap).
3. Fibonacci Levels:
Plots 61.8% and 50% Fibonacci levels from the low to high of the highlighted candle.
4. Provides options to show/hide labels and adjust line colors.
5. Shaded Area:
Fills the area between the 50% and 61.8% levels with customizable color and transparency.
Stop Loss and Dollar Calculation:
1. Calculates a stop loss level, set a user-defined number of ticks above the high of the highlighted candle.
2. Displays a label with the potential dollar loss from the "FVG" to the stop loss line, using a specified dollar value per tick.
How To Use
1. Highlight Conditions: Adjust parameters like the average body length, threshold multiplier, and close percentage to fine-tune the bearish candle detection. typically I like to use the 4-6 body length with a 1.5 multiplier
2. Visual Elements: Toggle labels, colors, and transparency of Fibonacci and FVG lines, allowing you to customize the display for clarity.
3. Risk Management: Set the dollar value per tick and stop loss distance (in ticks) to display potential risk for your specific instrument , for example dollar per tick on NQ is $5 , ES is $12.50, CL is $10
4. Alerts:
An alert can be set to trigger each time a large bearish candle forms and meets all conditions, helping you stay notified of potential bearish momentum shifts.
5. Parameters:
Threshold Multiplier: Adjusts the size threshold for highlighting a bearish candle.
Close Percent in Range: Sets how close to the bottom of the candle’s range the close must be (0-100%). I like the candle to close in the lower 75 percent of the candle.
6. Stop Loss Ticks Above High: Controls how far above the high of the highlighted candle to place the stop loss.
7. Dollar Value per Tick: Calculates potential dollar loss between the FVG level and stop loss based on the asset’s tick value.
8. To trade this setup I like to wait for the first 1-2 candles after the highlighted breaker candle to pull back into the shaded area for a short position and target the low of the breaker candle or a 2-1 risk to reward.
Ideal For:
This indicator is ideal for traders looking to identify strong bearish momentum, manage risk visually, and use Fibonacci and fair value gaps on large bearish candles as potential areas for short entries with suggested stop loss areas and target profits.
Disclaimer: This indicator is for educational and informational purposes only and should not be used as a sole trading strategy. Always perform your own analysis before making trading decisions.
Last Freemans Ver1This script is a technical indicator for TradingView that combines three popular tools for analyzing price movements:
Relative Strength Index (RSI): This measures the momentum of recent price changes and indicates potential overbought or oversold conditions. The script allows you to adjust the RSI length (default 14) and define overbought (default 70) and oversold (default 30) levels.
Moving Average Convergence Divergence (MACD): This indicator helps identify trend direction and potential turning points. It uses two moving averages (fast and slow) and a signal line. The script lets you customize the lengths of the MACD lines (fast: 12, slow: 26, signal: 9).
Exponential Moving Average (EMA): This is a smoothing indicator used to identify the underlying trend by filtering out price noise. You can adjust the EMA length (default 200) in the script.
Additionally, the script generates Buy/Sell signals based on the following conditions:
Buy Signal:
MACD line crosses above the signal line (indicating a potential uptrend).
RSI is below the oversold level (suggesting room for price increase).
Closing price is below the EMA (potentially indicating a price pullback before an upswing).
Sell Signal:
MACD line crosses below the signal line (indicating a potential downtrend).
RSI is above the overbought level (suggesting potential for a price decrease).
Closing price is above the EMA (potentially indicating a price breakout before a decline).
Visualization:
The script plots the following on the chart:
RSI line (blue) with overbought and oversold levels as dashed lines (red and green, respectively).
MACD line (red) and signal line (blue).
EMA line (orange).
Green triangle up (below the bar) for Buy signals.
Red triangle down (above the bar) for Sell signals.
Important Note:
This script provides trading signals based on technical indicators, but keep in mind that these are not guaranteed predictions of future price movements. Always conduct your own research and consider other factors before making trading decisions.
Renko Live Price Simulation-AYNETHow It Works:
Inputs:
Box Size (box_size): The size of a Renko brick (in price units).
Candle and Wick Colors: Users can customize colors for up and down candles and toggle wicks on or off.
Logic:
The script tracks the renko_open, renko_close, renko_high, and renko_low variables to simulate the formation of Renko bricks.
A new Renko brick is formed when the price moves up or down by the specified box size.
Candle Plotting:
The plotcandle function is used to draw the simulated Renko bricks on the chart.
Wicks are optional and controlled via the show_wicks input.
Visual Guides:
Two lines represent the thresholds for forming the next up or down Renko brick.
Features:
Real-Time Updates:
Bricks dynamically update as the live price moves.
Customizable Parameters:
Box size, candle colors, and wicks can be tailored to user preferences.
Overlay on Regular Chart:
The Renko simulation overlays the existing candlestick chart, providing context for real-time price action.
Threshold Levels:
Visual guides show how far the current price is from forming the next Renko brick.
Usage Instructions:
Copy and paste the script into the Pine Script editor in TradingView.
Customize the box size and colors to your preference.
Apply the indicator to your chart to visualize the Renko simulation in real time.
Applications:
Trend Analysis:
Renko bricks simplify price trends by filtering out minor fluctuations.
Entry/Exit Points:
Use Renko bricks as potential trade triggers when new bricks form.
Volatility Visualization:
The frequency of brick formation reflects the asset's volatility.
This code provides a live Renko simulation overlay that can be further customized based on user needs. Let me know if you'd like additional features, such as alerts or enhanced visualizations! 😊
Enhanced Trading Alerts# Enhanced Multi-Symbol EMA Trading System with Smart Alerts
## 📊 Overview
A powerful multi-symbol trading system that monitors up to 6 symbols simultaneously for high-probability trading setups using advanced EMA crossover strategies, enhanced with volume confirmation and RSI filters. Perfect for swing traders and position traders focusing on quality tech stocks.
## 🎯 Key Features
- **Multi-Symbol Monitoring**: Simultaneously tracks 6 different symbols
- **Advanced EMA Strategy**: Uses dual EMA system (320 & 820 periods) for trend confirmation
- **Volume Validation**: Confirms signals with volume surge analysis
- **RSI Filter**: Adds momentum confirmation to avoid false signals
- **Smart Risk Management**: Automatic stop-loss and take-profit calculations
- **Detailed Alerts**: Comprehensive alert messages with key price levels
## 📈 Trading Signals
### Buy Signals Generated When:
- Price crosses above the slow EMA (820)
- Fast EMA (320) confirms the trend
- RSI is in optimal range (not overbought)
- Volume surge confirms the movement
- Risk levels automatically calculated
### Sell Signals Generated When:
- Price crosses below the slow EMA (820)
- Fast EMA (320) confirms the downtrend
- RSI confirms momentum shift
- Volume surge validates the movement
## ⚙️ Customizable Parameters
- **EMA Lengths**: Adjust fast and slow EMA periods
- **Volume Threshold**: Set minimum volume surge multiplier
- **RSI Settings**: Customize overbought/oversold levels
- **Risk Management**: Adjustable stop-loss and take-profit percentages
- **Symbol Selection**: Choose any 6 symbols to monitor
## 🎨 Visual Elements
- Blue line: Fast EMA (320)
- Red line: Slow EMA (820)
- Purple line: RSI indicator
- Clear visual representation of trend changes
## 📱 Smart Alerts
Detailed alert messages include:
- Symbol name and signal type
- Current price level
- RSI value
- Stop-loss price
- Take-profit target
- Volume surge multiplier
## 💡 Best Practices
1. **Timeframe Selection**:
- Best suited for 1H, 4H, or Daily timeframes
- Can be adapted for swing or position trading
2. **Risk Management**:
- Use suggested stop-loss levels
- Follow take-profit targets
- Consider volume confirmation strength
3. **Multiple Chart Setup**:
- Create multiple instances for more symbols
- Group correlated assets together
- Use different alert sounds for different setups
## 🎓 Usage Tips
- Monitor strongest tech stocks for best results
- Combine with market sentiment analysis
- Use volume surge as quality filter
- Wait for all conditions to align before trading
- Consider overall market conditions
## ⚠️ Risk Warning
This indicator is for informational purposes only. Always conduct your own analysis and consider your risk tolerance before trading. Past performance does not guarantee future results.
## 📌 Version History
- v1.0: Initial release with multi-symbol support
- v1.1: Added volume surge confirmation
- v1.2: Enhanced alert system with risk levels
- v1.3: Added RSI filter and improved signal quality
## 🔄 Regular Updates
Subscribe to this script for regular updates and improvements. Feel free to suggest features in the comments section.
## 📗 Default Symbols
- TSLA (Tesla)
- NVDA (NVIDIA)
- AVGO (Broadcom)
- TSM (Taiwan Semiconductor)
- META (Meta Platforms)
- AMZN (Amazon)
You can customize these symbols to match your trading preferences.
Good luck trading! 🍀
Support and Resistance Lines)Main Features:
Support and Resistance Lines: The indicator looks for a period of 4 candles where no new low (for support) or no new high (for resistance) is created. Once this is detected, the first low of the last 4 candles is used for the support level and the first high is used for the resistance level.
Line Extension: The support and resistance lines are extended both to the left and right of the chart as well as up and down (in points). The length of the lines is flexible and can be adjusted.
Labels: You can add text labels to the lines that display the exact value of the support or resistance. These labels can also be positioned flexibly.
Alert Function: Alerts can be set to notify you when a new support or resistance line is created or when the price crosses above or below these lines.
Thickness and Color: Both the lines and labels can be customized in terms of color and thickness.
Customizable Parameters:
Line Length: You can adjust the length of the lines to the right and left.
Line Color and Thickness: You can change the colors and thickness of the support and resistance lines.
Label Position and Color: The position and color of the support and resistance labels can also be adjusted.
Alert Options: Alerts can be enabled to notify you about specific events, such as the creation of a new line or the price breaking through a line.
Usage:
This indicator can be useful for identifying and monitoring key price levels (support and resistance). It can also serve as the foundation for other trading strategies, such as trend analysis or breakout strategies.
Wick Highlight IndicatorDescription:
This script is designed to help traders quickly spot significant wicks, which indicate areas of strong market rejection. By focusing on longer wicks, it identifies potential turning points where there was a strong buying or selling reaction.
Features:
Adjustable Minimum Wick Length: Users can set the minimum length of wicks to be highlighted, helping filter out less significant wicks. Default is set at 50 points.
Seller and Buyer Wick Analysis: Highlights both the top (seller pressure) and bottom (buyer pressure) wicks separately, giving a clearer view of market strength and rejection.
Non-Intrusive Display: Wicks are highlighted in black at 10% opacity, providing clear visual markers while keeping the chart clean and readable.
How to Use It: This indicator is open-source and free for all users. It aims to identify wicks that are larger than the average noise, which often indicates strong price rejections or future targets. You can adjust the minimum length to tailor the indicator to different market conditions and trading styles.
Why It Matters: Wicks often signify moments when price levels were rejected strongly, pointing to areas of potential support or resistance. By focusing only on significant wicks, this indicator helps you hone in on potential key levels of interest without overwhelming the chart with less important data. This can be particularly useful in spotting reversals or market exhaustion.
No other indicators are required, and the chart is kept clean for clarity and ease of understanding.
Notes:
This is an open-source script, and no solicitations or ads are included.
The indicator is intended to highlight significant wicks only and does not issue any buy/sell signals.
It is compliant with TradingView's publishing rules, focusing on transparency, clarity, and adding value to the community.
Vesica Piscis Visualization-Secret Geometry-AYNETExplanation
Customization Options:
circle_radius: Adjust the size of the circles.
line_color: Choose the color of the circles.
line_width: Adjust the thickness of the circle lines.
segments: Increase or decrease the smoothness of the circles (higher values make smoother circles but use more computational resources).
Placement:
The first circle is centered at circle1_x and the second is offset horizontally by 2 * circle_radius to ensure their centers intersect each other's circumference.
Intersection Highlight:
The intersection area is visually emphasized with a semi-transparent background (bgcolor), which can be customized or removed if unnecessary.
Smoothness:
The segments input determines how many points are used to create each circle. Higher values create smoother curves.
Adjustments
Ensure the circles fit within the visible chart area by adjusting circle1_x and circle_radius.
If needed, you can add additional features, such as drawing lines to connect the centers or labeling the Vesica Piscis region.
Let me know if you want further refinements or additional features!
Candle Movement MarkerThe Candle Movement Marker is a powerful Pine Script indicator designed to help traders quickly identify significant price movements within candles. Whether you're looking for large swings or want to analyze volatile periods, this tool gives you the visual cues you need to make better trading decisions.
Features:
Customizable Movement Detection: Specify whether to measure movement based on the full candle range (High-Low) or the candle body (Open-Close).
Movement Threshold Setting: Set a percentage threshold, and the indicator will mark all candles with movement greater than this value.
Visual Arrows: Bullish and bearish arrows (green and red) mark the significant candles, with the arrows moving dynamically along with the chart.
Average Movement Calculation: Displays the average movement of the last 'N' candles (fully customizable) in a convenient informational box on the chart.
Informative Placement: Choose whether to show the average movement in the top right or bottom right of the chart to avoid cluttering your analysis.
This indicator is ideal for traders who want to analyze price action, identify volatile candles, and study significant price behavior in a visually intuitive manner. Whether you’re a breakout trader or interested in understanding market momentum, Candle Movement Marker helps make the analysis easy and clear.
Use Case: This script helps traders study historical market movements by marking the most significant candles and providing an average movement over a customizable range. This makes it easy to spot when the market is making significant moves and identify trends or reversals, supporting informed decision-making.
Specific Time CandlesSpecific Time Candles Indicator
The Specific Time Candles indicator is a powerful tool designed for traders who want to focus on specific time intervals within their charts. This custom indicator allows you to highlight and analyze price action during user-defined time periods, providing clarity and precision in your trading strategy.
Key Features:
Custom Time Intervals: Select any start and end time to create candles that focus on your preferred trading hours. This is particularly useful for traders who want to concentrate on market sessions, such as the London or New York session, or any other specific time frame relevant to their trading plan.
Enhanced Visualization: By isolating specific time periods, this indicator helps reduce noise and provides a clearer view of market movements during key trading hours. This can be beneficial for identifying trends, reversals, and potential breakout opportunities.
Flexible Configuration: Easily adjust the indicator settings to match your trading schedule. Whether you are a day trader, swing trader, or scalper, you can customize the time frames to suit your needs.
Compatibility: The indicator is compatible with multiple asset classes, including forex, stocks, commodities, and cryptocurrencies, making it a versatile tool for any trader.
User-Friendly Interface: Designed with simplicity in mind, the Specific Time Candles indicator is easy to set up and use, even for those who are new to TradingView.
How to Use:
Add the indicator to your chart from the TradingView library.
Set your desired start and end times in the indicator settings.
Observe the newly formed candles that represent the specified time intervals.
Use these candles to make informed trading decisions based on the focused analysis of market activity during your chosen periods.
Benefits:
Precision Trading: Focus on the most relevant market data, eliminating distractions from other time periods.
Improved Decision-Making: Gain insights into market behavior during critical times, enhancing your ability to make strategic trades.
Time Management: Efficiently manage your trading by concentrating on specific times, allowing for better planning and execution.
The Specific Time Candles indicator is a must-have for traders looking to refine their strategies by concentrating on precise market windows. Whether you are targeting high-volatility periods or specific trading sessions, this indicator provides the tools you need to succeed.
Platonic Solids Visualization-Scret Geometry-AYNETExplanation:
Input Options:
solid: Choose the type of Platonic Solid (Tetrahedron, Cube, Octahedron, etc.).
size: Adjust the size of the geometry.
color_lines: Choose the color for the edges.
line_width: Set the width of the edges.
Geometry Calculations:
Each solid is drawn based on predefined coordinates and connected using the line.new function.
Geometric Types Supported:
Tetrahedron: A triangular pyramid.
Cube: A square-based 2D projection.
Octahedron: Two pyramids joined at the base.
Unsupported Solids:
Dodecahedron and Icosahedron are geometrically more complex and not rendered in this basic implementation.
Visualization:
The chosen Platonic Solid will be drawn relative to the center position (center_y) on the chart.
Adjust the size and center_y inputs to position the shape correctly.
Let me know if you need improvements or have a specific geometry to implement!
Price RangePrice Range
This indicator displays low, middle, and high price zones based on the lowest and highest prices over a specified period, using color-coding. This helps users visually identify the current price's position within these zones.
The effectiveness of chart patterns varies depending on where they appear within these price zones. For example, a double bottom pattern, which signals a potential market bottom, is a strong buy signal if it forms in the low zone, but it has less reliability if it forms in the middle or high zones.
Similarly, price action signals vary in significance based on their location. If a long upper wick pin bar appears in the high zone, it is often interpreted as a sign of reversal.
By combining this Price Range indicator with indicators that display chart patterns or price action signals, traders can make more informed trading decisions.
By default, the middle zone is set to cover 50% of the range, but this can be adjusted.
このインジケーターは、指定した期間の最安値と最高値をもとに、安値圏、中段圏、高値圏を色分けして表示します。これにより、ユーザーは現在の価格がどの位置にあるのかを視覚的に判断できます。
また、チャートパターンの効果は、出現する価格帯によって異なります。たとえば、ダブルボトムは相場の底を示すパターンで、安値圏で形成されると強い買いシグナルとなりますが、中段圏や高値圏で出現しても信頼性は低くなります。
プライスアクションも、どの価格帯に現れるかによって解釈が異なります。高値圏で上ヒゲの長いピンバーが現れると、反転の兆しとして判断されることが多いです。
このPrice Rangeインジケーターを、チャートパターンやプライスアクションを表示するインジケーターと組み合わせることで、より適切なトレード判断が可能になります。
デフォルトでは中段圏の割合が50%になるように設定されていますが、変更することが可能です。
TFMTFM Strategy Explanation
Overview
The TFM (Timeframe Multiplier) strategy is a PineScript trading bot that utilizes multiple timeframes to identify entry and exit points.
Inputs
1. tfm (Timeframe Multiplier): Multiplies the chart's timeframe to create a higher timeframe for analysis.
2. lns (Long and Short): Enables or disables short positions.
Logic
Calculations
1. chartTf: Gets the chart's timeframe in seconds.
2. tfTimes: Calculates the higher timeframe by multiplying chartTf with tfm.
3. MintickerClose and MaxtickerClose: Retrieve the minimum and maximum closing prices from the higher timeframe using request.security.
- MintickerClose: Finds the lowest low when the higher timeframe's close is below its open.
- MaxtickerClose: Finds the highest high when the higher timeframe's close is above its open.
Entries and Exits
1. Long Entry: When the current close price crosses above MaxtickerClose.
2. Short Entry (if lns is true): When the current close price crosses below MintickerClose.
3. Exit Long: When the short condition is met (if lns is false) or when the trade is manually closed.
Strategy
1. Attach the script to a chart.
2. Adjust tfm and lns inputs.
3. Monitor entries and exits.
Example Use Cases
1. Intraday trading with tfm = 2-5.
2. Swing trading with tfm = 10-30.
Tips
1. Experiment with different tfm values.
2. Use lns to control short positions.
3. Combine with other indicators for confirmation.
Meme Coin Buy Signal Indicator by asharThis custom TradingView indicator is specifically designed for meme coins, using technical analysis indicators to identify optimal buy signals. It combines short-term moving averages, volume spikes, and Bitcoin trend alignment to pinpoint potential entry points during high-momentum periods.
Indicator Components:
Moving Averages (MA): A 5-period fast MA and a 13-period slow MA highlight short-term price momentum. Buy signals are generated when the fast MA crosses above the slow MA, indicating potential upward momentum.
Volume Spike Detection: The indicator detects high-volume periods using a multiplier. If the current volume exceeds the 10-period average volume by the set multiplier (default: 2.0), it indicates increased buying interest, which is crucial for meme coins.
Bitcoin Trend Alignment: The trend of Bitcoin, a market-wide sentiment indicator, is gauged with a 20-day moving average. Buy signals are validated only when Bitcoin is also in an uptrend, providing additional bullish confirmation for meme coins.
Buy Signal Criteria: A buy signal is triggered when:
The fast MA crosses above the slow MA.
Volume is above the average by the set multiplier.
The price is above the slow MA.
Bitcoin is trending up based on the 20-day moving average.
This indicator is ideal for meme coin traders looking to time entries with momentum-driven trends, aligning volume and trend indicators for a more comprehensive approach to high-risk assets.
Key Prices & LevelsThis indicator is designed to visualize key price levels & areas for NY trading sessions based on the price action from previous day, pre-market activity and key areas from NY session itself. The purpose is to unify all key levels into a single indicator, while allowing a user to control which levels they want to visualize and how.
The indicator identifies the following:
Asia Range High/Lows, along with ability to visualize with a box
London Range High/Lows, along with ability to visualize with a box
Previous Day PM Session High/Lows
Current Day Lunch Session High/Lows, starts appearing after 12pm EST once the lunch session starts
New York Open (8:30am EST) price
9:53 Open (root candle) price
New York Midnight (12:00am EST) price
Previous Day High/Lows
First 1m FVG after NY Session Start (after 9:30am), with the ability to configure minimum FVG size.
Opening Range Gap, showing regular market hours close price (previous day 16:15pm EST close), new session open price (9:30am EST open) and optionally the mid-point between the two
Asia Range 50% along with 2, 2.5, 4 and 4.5 deviations of the Asia range in both directions
Configurability:
Each price level can be turned off
Styles in terms of line type, color
Ability to turn on/off labels for price levels and highlighting of prices on price scale
Ability to control label text for price levels
How is it different:
Identifies novel concepts such as 9:53 open, root candle that can be used as a bounce/resistance area during AM/PM sessions as well as confirmation of direction once closed over/under to indicate price's willingness to continue moving in the same direction.
It also shows 1st 1m FVG after New York Session open, that can be used to determine direction of the price action depending on PA's reaction to that area. While both 9:53 and 1m FVG are 1m based markers, these levels are visualized by the indicator on all timeframes from 15s to 1h.
Additionally the indicator is able to both highlight key prices in the price scale pane as well as combine labels to minimize clutter when multiple levels have the same price.
Lastly for in-session ranges such as Lunch High/Low the indicator updates the range in real-time as opposed to waiting for the lunch session to be over.
Sash Trending Suite NEWWhy
The " Sash Trending Suite " (STS) indicator simplifies trading by highlighting market trends and potential reversals. In a world of complex charts and overwhelming data, STS helps traders quickly understand market direction and make informed decisions.
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How and What
STS combines key technical tools into one easy-to-read indicator, directly showing important signals on the chart:
Macro Trend Detection
How : Uses two EMAs (fast and slow) and the ADX to identify strong bullish or bearish trends.
What to Look For :
Bar Colors :
Green Bars : Indicate a strong upward (bullish) trend.
Red Bars : Indicate a strong downward (bearish) trend.
Benefit : Quickly see the overall market direction.
Alpha Track Line
How : An adaptive EMA that acts as a dynamic support or resistance line.
What to Look For :
Line Colors :
Green Line : Price is above the line (bullish momentum).
Red Line : Price is below the line (bearish momentum).
Benefit : Visualize momentum shifts easily.
Reversal Signals
How : Combines RSI with price action to spot potential market reversals.
What to Look For :
"R" Labels :
Turquoise "R" Below Bar : Potential bullish reversal.
Amber "R" Above Bar : Potential bearish reversal.
Benefit : Identify possible turning points for entry or exit.
Micro Trend Detection
How : Uses shorter EMAs to catch minor trend changes.
What to Look For :
Small Circles :
Green Circle Below Bar : Micro bullish signal.
Red Circle Above Bar : Micro bearish signal.
Benefit : Spot short-term trend shifts promptly.
Alerts
How : Built-in alerts notify you of key events.
What to Expect :
Trend Changes : Alerts when a new bullish or bearish trend starts.
Reversals : Alerts for potential bullish or bearish reversals.
Benefit : Stay updated without constantly watching the chart.
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Summary
The "Sash Trending Suite" provides:
Simplified Analysis : One indicator shows trend direction, momentum, reversals, and micro trends.
Clear Visuals : Color-coded bars and symbols make interpretation easy.
Timely Alerts : Know about important market changes instantly.
By focusing on essential signals and displaying them clearly, STS helps traders navigate the market with confidence and simplicity.
War IndexIntroduction
Welcome to the War Index! This project aims to provide traders, investors, and analysts with a specialized financial indicator that tracks the performance of key defense and aerospace companies. By aggregating the percentage changes of selected stocks, the War Index offers insights into the defense sector's dynamics and its relationship with the broader market.
What is the War Index?
The War Index is a custom financial indicator designed to approximate the collective performance of major defense and aerospace companies. It aggregates the daily percentage changes of selected stocks within the defense sector to provide a singular metric that reflects the overall health and trends of this industry. Additionally, the index is compared against the S&P 500 (SPX) to contextualize its performance relative to the broader market.
Index Components
The War Index comprises the following 16 stocks, each representing a significant player in the defense and aerospace industries:
Lockheed Martin Corporation ( NYSE:LMT )
Northrop Grumman Corporation ( NYSE:NOC )
Boeing Company ( NYSE:BA )
Raytheon Technologies Corporation ( NYSE:RTX )
General Dynamics Corporation ( NYSE:GD )
BAE Systems plc ( OTC:BAESY )
L3Harris Technologies, Inc. ( NYSE:LHX )
Textron Inc. ( NYSE:TXT )
Huntington Ingalls Industries, Inc. ( NYSE:HII )
Oshkosh Corporation ( NYSE:OSK )
Leidos Holdings, Inc. ( NYSE:LDOS )
Kratos Defense & Security Solutions, Inc. ( NASDAQ:KTOS )
Spirit AeroSystems Holdings, Inc. ( NYSE:SPR )
Parsons Corporation ( NYSE:PSN )
CACI International Inc ( NYSE:CACI )
ViaSat, Inc. ( NASDAQ:VSAT )
Purpose of the War Index
The War Index serves several key purposes:
Sector Performance Tracking : By aggregating the performance of major defense and aerospace companies, the index provides a clear picture of the sector's overall health.
Investment Analysis : Investors can use the index to identify trends, evaluate sector strength, and make informed decisions regarding their portfolios.
Comparative Benchmarking : Comparing the War Index with broader market indices like the S&P 500 helps in understanding how the defense sector performs relative to the general market.
Disclaimer: This War Index is an approximated indicator intended for informational purposes only. It should not be construed as investment advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
Previous Daily Candle The Previous Daily Candle indicator is a powerful tool designed to enhance your intraday trading by providing clear visual cues of the previous day's price action. By outlining the high, low, open, and close of the previous daily candle and adding a middle dividing line, this indicator offers valuable context to inform your trading decisions.
🎯 Purpose
Visual Clarity: Highlight the key levels from the previous day's price movement directly on your intraday charts.
Trend Confirmation: Quickly identify bullish or bearish sentiment based on the previous day's candle structure.
Support and Resistance: Use the outlined high and low as potential support and resistance levels for your trading strategies.
Customizable Visualization: Tailor the appearance of the outlines and middle line to fit your trading style and chart aesthetics.
🛠️ Features
Outlined Candle Structure:
High and Low Lines: Clearly mark the previous day's high and low with customizable colors and line widths.
Open and Close Representation: Visualize the previous day's open and close through the outlined structure.
Middle Dividing Line:
Average Price Level: A horizontal line divides the candle in half, representing the average of the open and close prices.
Customizable Appearance: Adjust the color and thickness to distinguish it from the high and low outlines.
Bullish and Bearish Differentiation:
Color-Coded Outlines: Automatically change the outline color based on whether the previous day's candle was bullish (green by default) or bearish (red by default).
Enhanced Visual Feedback: Quickly assess market sentiment with intuitive color cues.
Customization Options:
Outline Colors: Choose distinct colors for bullish and bearish candle outlines to match your chart's color scheme.
Middle Line Color: Select a color that stands out or blends seamlessly with your existing chart elements.
Line Width Adjustment: Modify the thickness of all lines to ensure visibility without cluttering the chart.
Transparent Candle Body:
Non-Intrusive Display: The indicator only draws the outlines and middle line, keeping the candle body transparent to maintain the visibility of your primary chart data.
⚙️ How It Works
Data Retrieval: The indicator fetches the previous day's open, high, low, and close prices using TradingView's request.security function.
Candle Analysis: Determines whether the previous day's candle was bullish or bearish by comparing the close and open prices.
Dynamic Drawing: Upon the start of a new day, the indicator deletes the previous outlines and redraws them based on the latest data.
Time Synchronization: Accurately aligns the outlines with the corresponding time periods on your intraday chart.
📈 How to Use
Add to Chart:
Open TradingView and navigate to the Pine Editor.
Paste the provided Pine Script code into the editor.
Click on Add to Chart to apply the indicator.
Customize Settings:
Access the indicator's settings by clicking the gear icon next to its name on the chart.
Adjust the Bullish Outline Color, Bearish Outline Color, Middle Line Color, and Outline Width to your preference.
Interpret the Lines:
Bullish Candle: If the previous day's close is higher than its open, the outlines will display in the bullish color (default green).
Bearish Candle: If the previous day's close is lower than its open, the outlines will display in the bearish color (default red).
Middle Line: Represents the midpoint between the open and close, providing a quick reference for potential support or resistance.
Integrate with Your Strategy:
Use the high and low outlines as potential entry or exit points.
Combine with other indicators for confirmation to strengthen your trading signals.
Customizable Multi-Timeframe Doji with Ray and Editable LabelScript Overview
Script Name: Customizable Multi-Timeframe Doji Candle Levels with Ray and Editable Label
Purpose: This script helps traders identify significant price levels based on high timeframe Doji candles, allowing them to visualize key areas of support, resistance, entry, and exit. By plotting real-time Doji levels from higher timeframes directly on the current chart, traders can easily spot areas where market indecision or potential trend reversals have previously occurred, making these levels highly relevant for future price action.
How the Script Works
This script detects Doji candles on a selected higher timeframe (e.g., daily, weekly, monthly) and plots a ray at the Doji’s closing level on the current chart. The Doji candle formation, characterized by an open and close that are very close or equal, is often an indicator of market indecision. By identifying these Doji levels from high timeframes, the script provides traders with insight into where strong support and resistance zones may form.
The script continuously monitors and updates the Doji level based on the selected timeframe, ensuring that only the latest detected Doji candle is displayed on the chart, helping traders avoid clutter and focus on the most recent data.
Core Components and Calculations
1 Doji Detection Logic:
-The script calculates the Doji candle formation based on a small body percentage (defined by the C_DojiBodyPercent parameter) and relative symmetry in upper and lower shadows (defined by C_ShadowPercent and C_ShadowEqualsPercent).
-A Doji is considered valid when the open and close prices are nearly equal, and the shadows are symmetric within the defined parameters, indicating indecision.
2 Multi-Timeframe Data Retrieval:
-Using the request.security() function, the script fetches open, high, low, and close prices from the specified higher timeframe. It applies Doji detection logic to this higher timeframe data.
-barmerge.lookahead_on and barmerge.gaps_on ensure real-time updates, so the Doji level is immediately reflected on the chart when detected.
3 Ray and Label Plotting:
-When a Doji candle is detected on the selected timeframe, the script plots a ray at the Doji's close price, extending forward on the chart.
-Customizable options for the ray, including color, width, and style (solid, dotted, or dashed), help traders visually differentiate the Doji levels from other chart elements.
-An editable label can be positioned alongside the ray to denote the Doji level, with customizable text, color, background, and size to provide additional context.
4 Automatic Line and Label Management:
-The script dynamically deletes any previous ray and label when a new Doji is detected. This approach minimizes chart clutter and ensures that only the most recent Doji level from the higher timeframe is displayed.
Customization Options
1 Timeframe Selection:
Users can choose any timeframe (e.g., hourly, daily, weekly, monthly) to display Doji levels based on their specific trading strategy.
2 Ray and Label Appearance:
Ray: Customize color, width, and line style (solid, dotted, dashed) for better visibility and integration with the chart’s theme.
Label: Customize the label text, background color, text color, text size, and position (above, below, left, or right of the ray) for a personalized view.
How to Use This Script
1 Select the Target Timeframe for Doji Detection: Choose a high timeframe (such as daily or weekly) to view Doji-based support/resistance levels.
2 Set Custom Ray and Label Parameters : Adjust the visual aspects of the ray and label to align with your chart setup and make the Doji level stand out.
3 Interpretation of Doji Levels: Use the plotted Doji levels as potential support or resistance zones. Since Doji candles reflect market indecision, they often precede significant price reversals or strong continuation moves. By analyzing these levels, traders can:
- Identify key support/resistance zones based on historical market indecision.
- Set entry and exit levels around these zones to capitalize on potential reversals or
continuations.
-Spot confluence areas where the Doji level aligns with other indicators or technical patterns.
Recommended Chart Setup
For optimal clarity, use this script on a clean chart, free from overlapping indicators. This script is designed to work independently, so avoid layering multiple support/resistance scripts unless essential to avoid clutter. A clean chart helps ensure that Doji levels are readily visible, enabling a clear focus on significant levels relevant to your trading strategy.
