Daily/Weekly/Monthly LevelsDaily/Weekly/Monthly Levels
TLDR
Shows Daily/Weekly/Monthly reversal levels. These can act as support/resistance levels.
Can only see what's in your candle history. I.e. It won't see old monthlies on your 1m chart! Use Daily to see everything with the most history.
Can only see levels higher than or equal to your current time frame. I.e. it will not see daily levels if you're looking at a weekly chart.
Doesn't keep levels that have been closed through. Does keep levels that have been only wicked.
This indicator shows you daily, weekly and monthly horizontal reversal levels to save you the hassle of doing it yourself. It's a little aid to speed up your TA routine.
Usage Details and Limitations
All daily, weekly, and monthly levels will be marked with lines on the chart automatically. Levels will only be visible from that level's TF or lower, i.e. you can't see the daily levels from the weekly chart, but you can see all levels from daily or lower charts. No levels will be displayed if you select a time frame higher than 1 month.
New levels will not be drawn if they are very close to existing levels. You can change the 'closeness' threshold in settings. It is specified as a percentage move from the existing level.
However, higher TF levels will REPLACE lower TF levels if they are too close. If you set the 'closeness' setting to 0, all levels will be drawn.
Levels will only be drawn if they are in your displayed candle range! I.e. the lower you go in timeframe, the less history you can see, and so levels originating from further back might be missed!
One technique you might have is to load up the daily timeframe and use that to mark any nearby levels of interest.
How does it work?
Basically, it looks for reversal candles on the D/W/M Timeframes, and draws a line for you from the open of the reversal candle (of that TF), so long as you are on a TF equal or lower than that level.
New bars on that TF that close through that TF's old levels will clear that level. Wicks do not clear.
Each newly found level will not be drawn if it's within the percentage distance of an existing level of equal or higher time frame.
Each new level also checks for existing levels on lower TFs that it can replace. E.g. if a monthly bar closes and produces a monthly level equal to an existing daily or weekly level, that daily or weekly level will be replaced. Use the settings to specify your 'closeness' allowance.
Please remember, it can only see as far back as your candle history, so you won't see old monthlies on a 1 minute chart! Use the daily TF to see all three levels at once with maximum history.
每日图表
ADR Table BY @ICT_YEROADR Table BY @ICT_YERO
Created by: @ICT_YERO
This custom indicator is designed to provide the Average Daily Range (ADR) for multiple timeframes, including Daily, 4-Hour, and 1-Hour. The indicator is tailored to assist traders in understanding price volatility and making informed trading decisions.
Key Features
Multi-Timeframe ADR Calculation:
Automatically calculates and displays the ADR for Daily, 4-Hour, and 1-Hour timeframes.
Helps traders identify potential price movement ranges for different trading sessions.
Dynamic Range Visualization:
Clear visual representation of the ADR on the chart, making it easy to spot price extremes.
Real-time updates to reflect changes in price movement.
Custom Alerts:
Option to set alerts when the price approaches the ADR high or low.
Useful for identifying potential reversal zones or breakout opportunities.
User-Friendly Interface:
Simple and intuitive settings to customize colors, levels, and display preferences.
Seamlessly integrates with your existing TradingView setup.
ICT-Inspired Methodology:
Designed for traders who follow ICT concepts, focusing on precision and high-probability setups.
Applications
Range Trading: Helps determine the high and low boundaries for scalping or intraday setups.
Volatility Analysis: Understand market behavior during different times of the day or week.
Reversal Zones: Identify areas where price is likely to reverse, based on ADR extremes.
Whether you're a scalper, day trader, or swing trader, this indicator provides a comprehensive overview of price volatility across multiple timeframes, making it an essential tool for your trading arsenal.
Multi-Timeframe Liquidity LevelsMulti-Timeframe Liquidity Levels – Overview
The Multi-Timeframe Liquidity Levels indicator automatically displays significant highs and lows from various timeframes (Daily, Weekly, Monthly, and Quarterly) on your current chart. This allows traders to quickly identify potential support and resistance zones without frequently switching between different timeframe charts. Additionally, the script offers extra lines for special reference points (e.g., the “Midnight” midpoint of the current day and the previous day’s open/close) to highlight potential liquidity zones even more clearly.
1. Core Idea and Benefits
Time-Saving: Instead of manually reviewing charts in different timeframes, the indicator fetches relevant high/low levels automatically and shows them on your active timeframe.
Clear Layout: Traders instantly see where the Daily, Weekly, Monthly, and Quarterly highs and lows lie—areas often associated with institutional orders or liquidity hunts.
Customizable: You can tailor the color scheme, line style (Solid, Dashed, Dotted), and line width, ensuring the displayed levels fit your personal charting style.
2. How It Works
Multi-Timeframe High/Low
For each timeframe (Day, Week, Month, Quarter), the indicator references the previous candle’s high and low (high , low ).
Using request.security(...), these values are plotted on the chart you’re currently viewing.
Flexible Display
You can individually enable or disable the Daily, Weekly, Monthly, and Quarterly lines, depending on which levels are most relevant to your trading.
With Line Style (Solid, Dashed, Dotted) and Line Width, you can easily emphasize certain lines you consider more important.
Additional Lines
“Midnight” Line: A theoretical midpoint between today’s high and low, which can be useful for gauging daily pivot areas.
Previous Day’s Open/Close: Many traders track these reference points to anticipate market reactions. You can show or hide these lines as desired.
Automatic Line Removal & Creation
When a particular timeframe (e.g., “Show Monthly Levels”) is disabled, the script automatically removes the existing monthly lines.
Enabling it again recreates those lines without hassle.
3. Usage and Interpretation
Identifying Support and Resistance
Highs and lows from higher timeframes are often key zones for entries, exits, or major market reactions.
A Daily level may be crucial for short-term traders, whereas Monthly or Quarterly levels can indicate long-term liquidity areas.
Spotting Market Shifts
If price decisively moves above a Higher-Timeframe line, it could signal strong momentum.
Conversely, a failed breakout (where price quickly returns under or above a level) might warn of a potential reversal.
Extra Lines as Filters
The “Midnight” Line helps visualize a rough central price for the current day, aiding in intraday directional bias.
Previous Day’s Open/Close: Common reference points for day traders, where swift approaches and rejections can indicate potential entries or partial take-profit zones.
4. Practical Tips
Use Color-Coding Wisely: Assign distinct colors (e.g., Blue for Daily, Green for Weekly, Orange for Monthly, Purple for Quarterly) so you can easily discern which timeframe you’re looking at.
Toggle On/Off As Needed: Day traders might focus on Daily and Weekly, while long-term traders may pay closer attention to Monthly and Quarterly.
Combine with Price Action: Lines alone don’t constitute a trading strategy. Use them alongside candlestick patterns, volume analysis, or other indicators for a more complete market perspective.
5. Important Notes & Recommendations
Not Financial Advice: This indicator simply reflects historical high/low data across multiple timeframes and does not constitute a buy or sell recommendation.
Trader Responsibility: Observe how the market actually behaves around these lines and adapt your risk management accordingly.
Roman's Ranges(GOLD FUTURES)This indicator provides the user with Gold Future's previous day’s range and how long it took for the price to reach its first extreme for the day. This information is used to predict the most probable daily direction trend and estimate how long you should expect to hold your winning trade. The distance and time are based on the market open candle (6:30 am). It measures from the retracement wick of the candle to the last 5m close of the day’s first extreme low or high point. It also includes that distance in pts.
Previous market data does not guarantee future results, however, you can leverage the knowledge of the previous day’s ranges to set reasonable take profit levels and when your target is not met automatically, you know how long it took on the previous day to reach the day’s first low/high. If you are nearing that amount of time and your trade is not as profitable as expected, it is easier to get out with less profits using this estimated time rather than hoping the market closes in your favor.
Markets go through cycles and it can be difficult to trade them all if you have a fault expectation how how far the price is expected to move. Price tends to deviate slowly from the average ranges slightly day after day, but you can expect an average range to prevail throughout the week +/- 3 points. It can be very easy to be stuck on 5-point take-profit levels that you don’t pay attention to the average range being twice or three times that distance. The same can be said for the opposite scenario with having higher profit expectations than reasonably possible.
This indicator and my statements are not financial advice. This is meant for educational purposes only.
Trading SessionsThis Indicator can show the following sessions:
-2 Asian Ranges
-Pre Frankfurt Session
-Frankfurt Session
-London Session
-Pre New York Session
-New York Session
-NYSE Session
-Post NYSE Session
-NYSE Power Hour
-NYSE ETH
For every session it's possible to draw a line on session open price
For the 2 asian Ranges and the NYSE ETH it's possible to draw a line on 50% price
The indicator also can show these elements:
-Daily Session Breaks (changes the background of first hour of every day candle)
-Weekly Session Breaks (changes the background of first hour of every week candle)
-Daily Highs & Lows (draws lines on highs & lows of every day)
Every session duration and time are editable
Every color is editable
Every element can be hidden or shown
Market Pivot Levels [Past & Live]Market Levels provide a robust view of daily pivot points of markets such as high/low/close with both past and live values shown at the same time using the recently updated system of polylines of pinescript.
The main need for this script arose from not being able to use plots for daily points because plots are inherently once drawn can't be erased and because we can't plot stuff for previous bars after values are determined we can't use them reliably. And while we can use traditional lines, because we would have extremely high amount of lines and we would have to keep removing the previous ones it wouldn't be that effective way for us. So we try to do it with the new method of polylines .
Features of this script:
- Daily High/Low Points
- Yesterday High/Low/Close Points
- Pre-Market High-Low points.
Now let's preview some of the important points of code and see how we achieve this:
With the code below we make sure no matter which chart we are using we are getting the extended hours version of sessions so our calculations are made safely for viewing pre-market conditions.
// Let's get ticker extended no matter what the current chart is
tc = ticker.new(syminfo.prefix, syminfo.ticker, session.extended)
Coding our own function to calculate high's and low's because inbuilt pinescript function cannot take series and we send this function to retrieve our high's and lows.
// On the fly function to calculate daily highlows instead of tv inbuilt because tv's length cannot take series
f_highlow(int last) =>
bardiff = last
float _low = low, float _high = high
for i = bardiff to 0 by 1
if high > _high
_high := high
if low < _low
_low := low
With doing calculations at the bars of day ending points we can retrieve the correct points and values and push them for our polylines array so it can be used in best way possible.
// Daily change points
changeD = timeframe.change("D")
// When new day starts fill polyline arrays with previous day values for polylines to draw on chart
// We also update prevtime values with current ones after we pushed to the arrays
if changeD
f_arrFill(cpArrHigh, cpArrLow, prevArrh, prevArrl, prevArrc, prevMarh, prevMarl)
valHolder.unshift(valueHold.new(_high, _low, _high, _close, _low, time, pr_h, pr_l))
The rest of the code is annotated and commented. You can let me know in comments if you have any questions. Happy trading.
Scoopy StacksWaffle Around Multiple
(Open, High, Low, Close) Stacks On
Pre/Post Market & (Daily, Weekly,
Monthly, Yearly) Sessions With
Meticulous Columns, Rows, Tooltips,
Colors, Custom Ideas, and Alerts.
Sessions Use Two Step Incremental Values
Default Value: (1) Shows Two Previous
(O, H, L, C); Increasing Value Swaps
Sessions With Next Two Stacks.
⬛️ KEY WORDS:
🟢 Crossover | 🔴 Crossunder
📗 High | 📕 Low
📔 Open | 📓 Close
🥇 First Idea | 🥈 Second Idea
🥉 Third Idea | 🎖️ Fourth Idea
🟥 ALERTS:
Default Option: (Per Bar)
Alerts Once Conditions Are Met
(Bar Close) Alerts When Bar Closes
Default Option: (Reg)
Alerts During Regular Market
Trading Hours, (0930-1600)
(Ext) Alerts During Extended
Market Hours, (1600-0930)
(24/7) Alerts All Day
Optional Preferences:
Regular Alerts - Stocks
Extended Alerts - Futures
24/7 Alerts - Crypto
🟧 STACKS:
Default Value: (1)
Incremental Stack Value, Increasing Value
Swaps Sessions With the Next Two Stacks
(✓) Swap Stacks?
Pre/Post Market High/Lows,
1-2 Day High/Lows, 1-2 Week High/Lows,
1-2 Month High/Lows, 1-2 Year High/Lows
( ) Swap Stacks?
Pre/Post Market Open/Close,
1-2 Day Open/Close, 1-2 Week Open/Close,
1-2 Month Open/Close, 1-2 Year Open/Close
🟨 EXAMPLES:
Default Stack:
🟢 | 📗 Pre Market High (PRE) | 4600.00
🔴 | 📕 Post Market Low (POST) | 420.00
Optional: (Open)
🟢 | 📔 Post Market Open (POST) | 4400.00
Optional: (Close)
🔴 | 📓 Pre Market Close (PRE) | 430.00
Default Stack Value: (1)
🔴 | 📗 1 Day High (1DH) | 460.00
Next Stack Value: (3)
🟢 | 📕 4 Day Low (4DL) | 420.00
Optional: (Open)
🔴 | 📔 2 Day Open (2DO) | 440.00
Optional: (Close)
🟢 | 📓 3 Day Close (3DC) | 430.00
Default Stack Value: (5)
🟢 | 📗 5 Week High (5WH) | 460.00
Next Stack Value: (7)
🔴 | 📕 8 Week Low (8WL) | 420.00
Optional: (Open)
🔴 | 📔 7 Week Open (7WO) | 4400.00
Optional: (Close)
🟢 | 📓 6 Week Close (6WC) | 430.00
Default Stack Value: (9)
🔴 | 📗 9 Month High (9MH) | 460.00
Next Stack Value: (11)
🟢 | 📕 12 Month Low (12ML) | 420.00
Optional: (Open)
🟢 | 📔 11 Month Open (11MO) | 4400.00
Optional: (Close)
🔴 | 📓 10 Month Close (10MC) | 430.00
Default Stack Value: (13)
🟢 | 📗 13 Year High (13YH) | 460.00
Next Stack Value: (15)
🟢 | 📕 16 Year Low (16YL) | 420.00
Optional: (Open)
🔴 | 📔 15 Year Open (15YO) | 4400.00
Optional: (Close)
🔴 | 📓 14 Year Close (14YC) | 430.00
🟩 TABLES:
Default Value: (1)
Moves Table Up, Down, Left, or Right
Based on Second Default Value
First Default Value: (Top Right)
Sets Table Placement, Middle Center
Allows Table To Move In All Directions
Second Default Value: (Default)
Fixed Table Position, Switching Values
Moves Direction of the Table
🟦 IDEAS:
(✓) Show Ideas?
Shows Four Ideas With Custom Texts
and Values; Ideas Are Based Around
Post-It Note Reminders with Alerts
Suggestions For Text Ideas:
Take Profit, Stop Loss, Trim, Hold,
Long, Short, Bounce Spot, Retest,
Chop, Support, Resistance, Buy, Sell
🟪 EXAMPLES:
Default Value: (5)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🥇)
Shown On First Table Cell and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥇 | 5.00
Default Value: (10)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🥈)
Shown On Second Table Cell and
Message Appearing On Alerts
Alert Shows: 🔴 | 🥈 | 10.00
Default Value: (50)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🥉)
Shown On Third Table Cell and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥉 | 50.00
Default Value: (100)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🎖️)
Shown On Fourth Table Cell and
Message Appearing On Alerts
Alert Shows: 🔴 | 🎖️ | 100.00
⬛️ REFERENCES:
Pre-market Highs & Lows on regular
trading hours (RTH) chart
By Twingall
Previous Day Week Highs & Lows
By Sbtnc
Screener for 40+ instruments
By QuantNomad
Daily Weekly Monthly Yearly Opens
By Meliksah55
Ribbit RangesBounce Around Multiple
(Open, High, Low, Close) Ranges
On Pre/Post Market & (Daily, Weekly,
Monthly, Yearly) Sessions With
Meticulous Lines, Labels, Tooltips,
Colors, Custom Ideas, and Alerts.
Sessions Use Two Step Incremental Values
Default Value: (1) Shows Two Previous
(O, H, L, C); Increasing Value Swaps
Sessions With Next Two Ranges.
⬛️ KEY WORDS:
🟢 Crossover | 🔴 Crossunder
📗 High | 📕 Low
📔 Open | 📓 Close
🥇 First Idea | 🥈 Second Idea
🥉 Third Idea | 🎖️ Fourth Idea
🟥 ALERTS:
Default Option: (Per Bar)
Alerts Once Conditions Are Met
(Bar Close) Alerts When Bar Closes
Default Option: (Reg)
Alerts During Regular Market
Trading Hours, (0930-1600)
(Ext) Alerts During Extended
Market Hours, (1600-0930)
(24/7) Alerts All Day
Optional Preferences:
Regular Alerts - Stocks
Extended Alerts - Futures
24/7 Alerts - Crypto
🟧 RANGES:
Default Value: (1)
Incremental Range Value, Increasing Value
Swaps Sessions With the Next Two Ranges
(✓) Swap Ranges?
Pre/Post Market High/Lows,
1-2 Day High/Lows, 1-2 Week High/Lows,
1-2 Month High/Lows, 1-2 Year High/Lows
( ) Swap Ranges?
Pre/Post Market Open/Close,
1-2 Day Open/Close, 1-2 Week Open/Close,
1-2 Month Open/Close, 1-2 Year Open/Close
🟨 EXAMPLES:
Default Range:
🟢 | 📗 Pre Market High (PRE) | 4600.00
🔴 | 📕 Post Market Low (POST) | 420.00
Optional: (Open)
🟢 | 📔 Post Market Open (POST) | 4400.00
Optional: (Close)
🔴 | 📓 Pre Market Close (PRE) | 430.00
Default Range Value: (1)
🔴 | 📗 1 Day High (1DH) | 460.00
Next Range Value: (3)
🟢 | 📕 4 Day Low (4DL) | 420.00
Optional: (Open)
🔴 | 📔 2 Day Open (2DO) | 440.00
Optional: (Close)
🟢 | 📓 3 Day Close (3DC) | 430.00
Default Range Value: (5)
🟢 | 📗 5 Week High (5WH) | 460.00
Next Range Value: (7)
🔴 | 📕 8 Week Low (8WL) | 420.00
Optional: (Open)
🔴 | 📔 7 Week Open (7WO) | 4400.00
Optional: (Close)
🟢 | 📓 6 Week Close (6WC) | 430.00
Default Range Value: (9)
🔴 | 📗 9 Month High (9MH) | 460.00
Next Range Value: (11)
🟢 | 📕 12 Month Low (12ML) | 420.00
Optional: (Open)
🟢 | 📔 11 Month Open (11MO) | 4400.00
Optional: (Close)
🔴 | 📓 10 Month Close (10MC) | 430.00
Default Range Value: (13)
🟢 | 📗 13 Year High (13YH) | 460.00
Next Range Value: (15)
🟢 | 📕 16 Year Low (16YL) | 420.00
Optional: (Open)
🔴 | 📔 15 Year Open (15YO) | 4400.00
Optional: (Close)
🔴 | 📓 14 Year Close (14YC) | 430.00
🟩 COLORS:
(✓) Swap Colors?
Text Color Is Shown Using
Background Color
( ) Swap Colors?
Background Color Is Shown
Using Text Color
🟦 IDEAS:
(✓) Show Ideas?
Plots Four Ideas With Custom Lines
and Labels; Ideas Are Based Around
Post-It Note Reminders with Alerts
Suggestions For Text Ideas:
Take Profit, Stop Loss, Trim, Hold,
Long, Short, Bounce Spot, Retest,
Chop, Support, Resistance, Buy, Sell
🟪 EXAMPLES:
Default Value: (5)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🥇)
Shown On First Label and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥇 | 5.00
Default Value: (10)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🥈)
Shown On Second Label and
Message Appearing On Alerts
Alert Shows: 🔴 | 🥈 | 10.00
Default Value: (50)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🥉)
Shown On Third Label and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥉 | 50.00
Default Value: (100)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🎖️)
Shown On Fourth Label and
Message Appearing On Alerts
Alert Shows: 🔴 | 🎖️ | 100.00
⬛️ REFERENCES:
Pre-market Highs & Lows on regular
trading hours (RTH) chart
By Twingall
Previous Day Week Highs & Lows
By Sbtnc
Screener for 40+ instruments
By QuantNomad
Daily Weekly Monthly Yearly Opens
By Meliksah55
VWAP Balance ZonesVWAP Balance Zones (VBZ) Is based on 3 concepts.
Many Traders use VWAP to help determine Price Trends.
Trends are typically identified by new Highs or new Lows.
Balanced is found when Supply and Demand are mostly Equal.
VBZ tracks the daily, weekly, and monthly highs and lows; Then plots the average (50%) between the VWAP and the respective extremes.
50% VWAP Zones can be considered significant since they attempt to identify the equilibrium between market participants within the current trend, serving as key reference points to consider for decision making. >While in an uptrend, Buyers may see price falling to the Hi 50% as an attractive value entry for the continuation upwards.
>While ALSO in an uptrend, Sellers may see price falling to the Hi 50% as a change in sentiment with more downwards movement on the way.
Because of these conflicting mindsets, these zones are thought to display areas of balance between buyers and sellers, which can serve as potential decision points throughout the day.
VBZ Draws Zones from the Daily (High/Low/Close) VWAPs and the Day's (High/Low/Close) extremes as seen below.
Technically speaking, an average between vwap and extreme is a single point, to make these into zones I am using multiple sources for vwap and tracking different points of the bar throughout the day (ex. Close VWAP & Daily Highest Close)
Weekly and Monthly are only displaying the Average Price between the VWAP and the (Weekly or Monthly) High/Low.
These hold up as important levels for speculation; however, since most action will be discovered at the daily zones, I am not displaying the zones for the Weekly and Monthly to keep noise to a minimum.
Unique Behaviors:
- Weekly values are hidden on the first day of the week since they are similar to the daily values on the first day of the week.
- Monthly values are hidden in the first week of the month for the same reason.
[TTI] IBD Base Analysis (WEEKLY)📜 ––––HISTORY & CREDITS––––
This indicator, titled " IBD Base Analysis (WEEKLY)," is an original creation by TinTinTrading. It synthesises multiple metrics and visual cues to provide a comprehensive overview of market bases on a weekly timeframe. It is based on the teachings of Investors Business Daily (IBD) and William O'Neil. Mainly from attending all IBD Seminars, Courses and part of man IBD MeetUps. I have compiled most criteria and made it into indicator.
🦄 –––UNIQUENESS–––
What sets this indicator apart is its multi-faceted approach to base analysis. It doesn't just measure base depth or length, or plot a base structure with target (Cup with Handle, Double Bottoms, Flat Bases or other);
The IBD Base Analysis (WEEKLY) allows the user to pick the beginning and end of base and then runs through the criteria for a HEALTHY vs FAULTY Bases. The script is intended for a Weekly timeframe and is base agnostic - hence it can be used on any base pattern you want to analyse. By using the script you will be able to grab a quick visual if there are any faulty characteristics that you have be aware of. Furthermore, its user-friendly interface, complete with customisable color-coding and toggle-able advanced metrics, makes it a great tool for both novice and expert traders to incorporate into their trading.
🛠️ ––––WHAT IT DOES––––
👉 Analysis Table with customisable position. Each cell has additional information when you hover over it with a mouse to show what is required and what is faulty. The cells are color coordinated by user customisable color-coding. If the cell is green then it is bullish. If it is orange then it is soft violating condition and if it is red it is bearish.
Depth: First we look at the Depth of the base expressed in percent
Length: How many weeks long is the base
Number of Weeks under Accumulation (Acc Wks)
Number of Weeks under Distribution (Distrb Wks)
Number of Weeks showing Supporting action
Number of weeks which show wide and loose action (unfavorable), "10% WKs)
Number of weeks we close above the mid point
Grading of the close within the first 3 weeks after bottoming
Counting the Gap ups vs Gap down for the given period
👉 Base plots
+ plot under weeks where we have a tight action compared to previous week - this is considered favorable
▲ plot under down weeks where we show supporting action
⏺ appear under the 3 most important weeks in the base: The Week at the bottom, The week with the Largest Spread and the Week with the Largest Volume. Green means bullish action, Orange means soft violation. The tooltips on the circles show the Closing Range of the week.
- midpoint (in blue), this draws the midpoint within the base.
👉 18 month line - According to IBD the True Market Leaders Breakout and run for on average of 18 months before topping. For this reason I have included a customizable on/off line that plots 18 months back. What I want to see is if the stock has been in a strong uptrend (Stage 2 accumulation for those knowing the Stan Weinstein methodology) for the last18 months. If yes, you ought to consider the base higher risk than one that is just starting its move.
💡 ––––HOW TO USE IT––––
Add the indicator to your chart
Determine the beginning and the end of the base (use the settings in the indicator or drag the verical blue lines)
Read the price action based on the coloring and the criteria explained in the tooltips. Additionally familiarize yourself with the general tips for reading a base below.
💡 ––––GENERAL TIPS FOR READING THE ANALYSIS TABLE––––
Depth: IBD recommends bases to be under 30%. However, during a strong bear market some stocks can exhibit 1.5-2x the volatility. Yet, it is key within the IBD methodology to buy breakouts from proper Non-deep bases
Length: Many newer traders misinterpret small patterns for bases. This common misunderstanding is addressed by calculating the length of the base and determining if it is developed or immature.
Number of Weeks under Accumulation (Acc Wks): This is the first thing the late Market Wizard William O'neill looks into the base. How many weeks are showing signs of accumualtion and how many are showing signs of distribution (the cell below). Always look for Accumulation weeks to be more than distribution weeks.
Number of Weeks under Distribution (Dist Wks): See above
Number of Weeks showing Supporting action: New traders determine down week as bearish. However, within the methodology and extensive research IBD has given criteria of down weeks that are actually a bullish sign. Counting the number of weeks within the base that meet this criteria gives us this metric.
Number of weeks which show wide and loose action: If the base is not compact but it is wide and loose it is considered an unfavorable pattern. Generally, occurs within Stage 3 of a stock topping.
Wks > Mid: Utilizes a simple 'hack' of base reading. How many weeks have closed above the mid level of the base and how many have closed below the mid level of the base.
Grading of the close within the first 3 weeks of the bottom: The next cell looks at the price action subsequent of the 3 weeks after the bottom. These are very important as they show if accumulation is happening (strengthening the breakout hypothesis) or if it is not.
Counting the Gap ups vs Gap down for the given period: Lastly gaps are key footprint of institutional moves. We look for the number of DAILY gaps on the WEEKLY timeframe and compare the daily gap up vs the daily gap downs within the base.
REMEMBER, ALL TRADING INCLUDES RISK. NEVER RELY SOLELY ON A SINGLE INDICATOR. INCORPORATE IT INTO YOUR BROADER TRADING METHODOLOGY AS A COMPLEMENTING SOURCE OF INFORMATION.
[TTI] Price confirmation indicator📜 ––––HISTORY & CREDITS––––
The Price Confirmation Indicator is an innovative tool developed by TintinTrading to help his students learn to interpret Price + Volume moves. It is designed to provide traders with a visual cue for price movement confirmation based on both price direction and trading volume. I got the idea from watching Daivd Ryan, how he explains that he looks at volume first before looking at the price of a stock.
🦄 –––UNIQUENESS–––
What sets this indicator apart is its dual analysis approach and easy interpretation: it not only evaluates price movements but also takes trading volume into account. The indicator's color-coded bars are dynamically adjusted based on the volume difference from a 50-day Simple Moving Average (SMA) of the volume. This offers traders an intuitive way to gauge both the market's direction and its strength.
🛠️ ––––WHAT IT DOES––––
The Price Confirmation Indicator performs the following functions:
👉Price Movement: Determines whether each trading day is an 'Up Day' or a 'Down Day' based on the closing price.
👉Volume Analysis: Calculates the 50-day SMA of trading volume and identifies the volume difference in percentage terms.
👉Transparency Adjustment: Dynamically adjusts the transparency of colored bars based on the volume difference.
👉Bar Coloring: Colors the bars blue for 'Up Days' and purple for 'Down Days', with the transparency indicating the strength of the volume.
Transparency Tresholds:
Full color (no transparency 0%) - Volume is greater than 40% compared to the 50DSMA Volume
Strong color (little transparency 20%) - Volume is between 20% and 40% greater than the 50DSMA Volume
Noticable color (moderate transparency 40%) - Volume is between 0% and 20% greater than the 50DSMA Volume
Negligable color (strong transparency 60%) - Volume is light and is less than 50DSMA Volume with less than 20% lower.
Weak color (very strong transparency 80%) - Volume is below 50DSMA, with between 40% and 20% lower.
Very weak color (max transparency 90%) - Volume is below 50DSMA, with between -40% and -80% lower.
Alarming weak color (color is orange) - Volume is noticably light - this generally signals velocity contraction before a breakout.
💡 ––––HOW TO USE IT––––
Installation: Search for " Price Confirmation Indicator" in TradingView’s indicator library and add it to your chart.
Settings:
Price Up Color: Customize the color for 'Up Days'.
Price Down Color: Customize the color for 'Down Days'.
Interpretation:
Blue bars signify 'Up Days', and their transparency indicates the strength of the volume.
Purple bars represent 'Down Days', with transparency again indicating volume strength.
Orange bars signify extremely low volume days.
Volume Transparency: The less transparent the bar, the stronger the volume, aiding in confirming the price direction.
The indicator is a great tool for newer traders to get in the habit of reading Price & Volume together!
[TTI] Closing Range Indicator📜 ––––HISTORY & CREDITS––––
This Pine Script Utility indicator, titled " Closing Range Indicator," is designed and developed by TintinTrading but inspired by the teaching of Investor's Business Daily (IBD) and William O'Neil. It aims to help traders identify the closing range of a given timeframe, either daily or weekly.
🦄 –––UNIQUENESS–––
The unique feature of this indicator lies in its ability to simulate a functionality of Closing Range calculation based on hovering of the mouse over the close. It employs a conditional display that allows the user to set the indicator as 'invisible' without removing it from the chart and hence provides a numerical closing range value when hovering over the indicator.
🛠️ ––––WHAT IT DOES––––
The Closing Range Indicator calculates the closing range of a trading bar in terms of percentages. It computes the difference between the closing price and the low price of the bar, and then divides it by the range of the bar.
A stock that closes on the high would display 100%
A stock that closes on the low would display 0%
Generally, the higher the percentage the more bullish the close but there are exceptions to this rule.
The indicator can operate on two timeframes:
Daily : Computes the closing range based on the daily high, low, and closing prices.
Weekly : Computes the closing range based on the weekly high, low, and closing prices. If you enable the weekly it will show the weekly close on all daily timeframes. Meaning that if the week Closing range is 54.15% on Friday, it will show the value 54.15% for all days prior to Friday from the same week.
The indicator places a label at the close of each bar, with the label's tooltip showing the calculated closing range percentage. I generally hide the label and just reference the tooltip calculation with a a hoover on top of the bar.
💡 ––––HOW TO USE IT––––
Installation: Add the indicator to your TradingView chart by searching for " Closing Range Indicator" in the indicator library.
Reorder: Reorder the indicator so that it sits as the first indicator (even above the price) on the Pane. This will make sure that you always trigger the tooltip functionality.
Go to Settings:
Timeframe: Choose between daily ('D') and weekly ('W') timeframes from the settings.
Visibility: Enable the 'Make Invisible' option if you want the indicator to be hidden.
Interpretation:
A higher percentage indicates that the closing price is closer to the high of the range, signaling bullish sentiment.
A lower percentage indicates bearish sentiment.
Tooltip: Hover over the label to view the closing range in percentage terms.
Globex, Extended, Daily, Weekly, Monthly, Yearly Range* Adds Right Side Only Price Line & Labels for Tracking without Extending Both Sides
* Tracks Current, Previous, and Two Previous Globex Sessions/ Futures:
* Tracks Current, Previous, and Two Previous Extended Session/ Stocks:
* Tracks Current, Previous, Two, & Three Previous Day Session/ Equities:
* Tracks Current, Last, Two, Three, Four, & Five Week Session/ Equities:
* Tracks Current, Last, Two, Three, Four, & Five Month Session/ Equities:
* Tracks Current, Last, Two, Three, Four, & Five Year Session/ Equities:
* Allows Custom Range on Globex, Extended, & Daily Sessions
* Allows Custom Range on Weekly, Monthly, & Yearly Sessions
* Lines & Labels Are Not Visible on Chart Scales
* Reversible Text & Background Color
* Lines Extend Accordingly with Range
* Labels show Price & Percent Change
* Background Colors should match Chart Color to avoid Overlapping Text & Labels
* Lines have Offset Extension
* Labels have Offset Extension
* Globex Session is only visible on Futures & if Current Timeframe is Intraday
* Extended Session is only visible on Stocks & if Current Timeframe is Intraday
* Daily, Weekly, Monthly, & Yearly Sessions are visible on All Symbols & All Timeframes
* Globex, Extended, & Regular use their Default Time Sessions but allow Customization
* For Back Testing Default Sessions, switch over on the Menu to Style and Turn On/Off their Background Color; Any Area on the Chart Without Background Color is Regular Session
Max/Min Custom Sessions and Day Before - MarposIt takes the maximum and minimum session prices according to the entered time ranges and display them on the screen. When those values are reached, it marks them as taken.
Additionally, it displays the values and how much they moved in PIPs during those sessions in a table in the top left corner using the difference between max and min values.
Also, mark the background of the sessions on the chart according to the entered time ranges.
Furthermore, draw the D-1 highs and lows for each day to see the previous day's possible liquidity levels. It doesnt mark them as Taken when that happens because i couldnt realize how to do it, yet :).
Any questions or suggestions, feel free to contact me and ill do my best.
daily bias @ttrades x joshuuuDaily bias is one of the most powerful tools when it comes to intraday trading.
Ttrades published a youtube video, in which he showcases his mechanical way of determing the daily bias based on ICTs and the MMXM Traders Teachings.
This indicator is based on those concepts.
The rules for this indicator are simple.
scenario 1 - first line of table
Close above previous days high gives a bullish bias.
Close below previous days low gives a bearish bias.
scenario 2 - second line of the table
Wick below previous days low and close within previous days body or above gives a bullish bias.
Wick above previous days high and close within previous days body or below gives a bearish bias.
"Bullish" bias is valid until previous daily high (pdh) is reached.
"Bearish" bias is valid until previous daily low (pdl) is reached.
If none of the above mentioned conditions is met OR the target (pdh/pdl) is reached, the bias is set to "Neutral".
On the daily timeframe, probabilities are visible on the table to reach pdh when the bias is "Bullish" or to reach pdl when the bias is "Bearish".
If the bias is bullish, the ideal buy would be below ny midnights opening price.
If the bias is bearish, the ideal sell would be above the ny midnights opening price.
Supply and Demand Daily [LuxAlgo]The Supply and Demand Daily indicator displays daily supply and demand areas on the user's chart. These areas are constructed using the market data within a previous daily interval.
This script makes use of the same logic as our previous Supply and Demand Visible Range indicator .
🔶 USAGE
The supply/demand areas & levels displayed by the indicator aim to provide potential support/resistance levels for users. Supply areas highlight where buyers are willing to exit the market and sell the asset, thus providing resistance and potentially causing prices to reverse or bounce back downwards, while demand areas highlights where buyers were willing to purchase the asset, thus providing support and potentially causing prices to reverse or bounce back upwards.
Historical areas allow the user to study the evolution of supply/demand from one day to another. Wider areas highlight prices avoiding reverting to this area, while thinner areas highlight prices returning more frequently to them.
Trends can be determined by looking at the price position relative to the previous day's supply/demand areas. Price breaking down from the demand zone is indicative of a downtrend, while price breaking above the supply zone is indicative of an uptrend.
Pullback/throwback scenarios can also be common using this indicator.
🔶 SETTINGS
Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas.
Resolution: Determines the number of bins used to find each area. Higher values will return more precise results.
Intra-bar TF: Timeframe used to obtain intra-bar data.
🔶 RELATED SCRIPTS
Daily Monday Weekly Monthly Quarterly Yearly High Low Mid This indicator can be useful for traders who are interested in analyzing price movements over different time periods. By displaying the daily, Monday, weekly, monthly, quarterly, and yearly high and low values along with their mid values on a chart, traders can get a better understanding of how prices have behaved over longer periods of time.
For example, a trader might use this information to identify trends or patterns in the market. They might look for occasions when the daily high and low values move outside of an established range or when the weekly or monthly mid values cross certain key levels. This could signal a potential change in the market trend that the trader could act upon.
Additionally, the code can help traders identify key support and resistance levels based on the high and low values of the candles. By plotting these values on a chart, traders can see where prices tend to find support or resistance over different time periods. This information can be used to place stop loss orders or take profit orders at important levels.
Overall, the benefit of using the code you provided is that it offers traders a comprehensive view of price movements over different time periods, which can aid in making more informed trading decisions.
Each level described above has its own unique label, which is abbreviated for convenience. These abbreviations are listed below for quick reference:
For daily levels: DH (Daily High), DM (Daily Mid), and DL (Daily Low)
For Monday levels: MonH (Monday High), MonM (Monday Mid), and MonL (Monday Low)
For monthly levels: MH (Monthly High), MU50 (Monthly 50 percent of Mid and High), MM (Monthly Mid), MD50 (Monthly 50 percent of Mid and Low), and ML (Monthly Low)
For quarterly levels: 3MH (Quarterly High), 3MU50 (Quarterly 50 percent of Mid and High), 3MM (Quarterly Mid), 3MD50 (Quarterly 50 percent of Mid and Low), and 3ML (Quarterly Low)
For yearly levels: YH (Yearly High), YU50 (Yearly 50 percent of Mid and High), YM (Yearly Mid), YD50 (Yearly 50 percent of Mid and Low), and YL (Yearly Low)
These labels can help you quickly identify the different levels and keep track of important price points.
If the chosen timeframe does not fall under the category of intraday, daily and Monday level will not be displayed.
Please feel free to send your suggestions to @z_mehran.
Market Profile @joshuuuTime is fractal. Every candle has an open, low, high and closing price.
Depending on what timeframe you are on, some opening prices could be more interesting than others.
This indicator tracks, which timeframe you are currently on and displays different things accordingly, so that the chart is never messy.
Below the hourly timeframe, the indicator highlights ICT Killzones, times of the day where most volume occurs and price moves the "cleanest". There are different versions to display those sessions in the settings.
From the hourly timeframe up to the daily timeframe, the indicator shows the "Weekly Profile". It plots the weekly opening line, can highlight daily highs and lows and daily opens and shows the name of the days on the chart.
On the daily timeframe, the indicator switches to a monthly profile. It shows the monthly open, weekly highs/lows AND it shows another concept taught by ICT, the IPDA Lookback.
ICT teaches that especially the last 20, 40 and 60 days PD Arrays and Highs/Lows are important and this indicator highlights those lookback windows accordingly.
The indicator has a lot of settings to make it allow maximum individuality.
Artharjan Daily Weekly Price Trend IndicatorHi,
Artharjan Daily Weekly Price Trend Indicator is created to identify whether the current market price is with respect to previous Daily High and Low as well as Previous Weekly High and Low
If the price is above previous Day High a Green Square is plotted above the Candle, if the Price is inside the Previous Day Range then a Gray Square is Plotted above the Candle, and if the Price is below the previous day low then a Red Square is plotted above the candle.
Similarly If the price is above previous Week's High a Green Circle is plotted below the Candle, if the Price is inside the Previous Week's Range then a Gray Circle is Plotted below the Candle, and if the Price is below the previous Week's low then a Red Circle is plotted below the candle.
The idea here is to identify the trend, trend changes (Reversals) and initiate either a long or short positing purely based on price action.
For illustration purpose, If suppose you have entered the trade when you see a Green Square above and a Green Circle Below, hold on to the trade as long as the Green circle below does not turn into a Red Circle. It means the Weekly trend is Bullish and Daily trend may change more frequently, but you may hold on to your position unless and until the weekly Trend changes.
Also if may help to Book your profits in a timely manner, lets say you are in a long trade and you keep seeing Green Square at the top of the candle, the moment you see a Gray or a red Square at the top you may exit your long position. Obviously trader needs to use his brains to enter a position at right location on the chart and ride that position using this indicator.
I hope everyone would find this simple indicator very useful.
Regards
Rahul Desai
@Artharjan
Weekly and daily separatorsThis script plots vertical line between each trading week (thick, solid) and smaller lines (dotted) between each trading day. This helps kepping a better overview on the aspect of time on the higher timeframes below 1D. The distance of the lines to the top and bottom of the chart is controlled by your chart settings menu under Appearance -> Margins.
ADR/AWR/AMR Average Daily+Weekly+Monthly Range[Traders Reality]Advanced ADR/AWR/AMR indicator created for Traders Reality community, as well as the greater trading community.
Thanks to the TR community discord guys: infernix, peshocore and xtech5192
Everything is modular and can be turned on/off, including a customisable table showing daily/weekly/monthly average pips/dollars.
If you just want the average daily range lines for example, you can just disable everything else. You can choose how many days to look back; as well as for weeks or months.
Check out Traders Reality on YouTube if you want to see this implemented as part of Tino's strategy that utilizes market manipulation, imbalances, times of day etc.
Price regularly reverses from ADR, making it one of the few highly valuable indicators in price action/smart money trading.
RD Key Levels (Weekly, Daily, Previous vWAP)The RexDog Key Levels indicator plots the weekly open, daily open, and the previous day vWAP close.
These are all critical price levels (zones) to know when trading any market or instrument. These areas are also high probability reaction areas that you can trade using simple confirmation trading patterns.
First, I'll cover an overview of the indicator then I'll share general usage tips.
Weekly Open - default is white/orange. White is when price is above the weekly open. Orange is when price is below the weekly open.
Weekly High/Low - there are options to turn on the weekly high and lows. Default plot is circles. Green is the high. Red is the low.
Daily Open - default is green/red. Green is when price is above the daily open. Red is when price is below the daily open.
Previous vWAPs - aqua single lines. These are the closing price of the daily vWAPs.
Top Indicators - The triangles at the top of the chart signify is price is currently above or below the weekly open. This is helpful on lower timeframe charts (5m, 15m) to get a quick indication when price is far extended beyond the weekly open. Green triangle = above weekly open. Red triangle = below weekly open.
General Usage
Each one of these levels are important levels markets look use for continuation or failure of momentum and bias. I also find it extremely helpful to think of these levels as magnets, dual magnets. They both attract and repel price at the same time. Now you might say, how is that helpful to have opposing views at the same time? Be indifferent to direction, create your own rules on when these price zones repel or attract price, I have my own.
Here's the easiest way to use these price levels.
As price approaches one of these levels to expect a reaction. A reaction is price is going in one direction and price hits a price level zone and reacts in the opposite direction.
These are price zones, sometimes you will see a reaction right at the price but visualize these areas as zones of reaction.
A high percentage of the time when price approaches these level zones there will be a reaction. So trade the reaction .
How do you do that?
Simple. Trade patterns that repeat. I have 3 solid patterns I trade around these key levels:
The first pattern is early entry with precise scale in rules and a very effective protective stop loss placement.
The second pattern is wait for confirmation that the level holds. This requires more patience and for you to fully trust the chart. The benefit of this pattern is with confirmation you have even more precise stop placement.
There is a bonus third pattern I trade around these levels. I call this the confirmation and bluff entry. It's a combination of both of the patterns above. You wait for confirmation but on any pull back you call the bluff on the market and enter on key test. Trade management here is critical. In addition to the pattern you trade you should have a series of failure patterns that tell you to get out of the trade, I use 2 primary failure patterns.
I trade all markets, same system, same rules, so I'll show a few examples.
Usually I start with Bitcoin but let's start with equities:
BA - Boeing - 8 Trades
Here we see weekly low patterns, previous week low test, vwAP hold patterns, day magnets and day holding. Then 2 week failures and a double hold pattern.
These are all straightforward trades to execute following really simple patterns.
BTCUSD Previous vWAP and Day Open Trades
We see here on the circle areas both daily open and previous day vWAP zone tests. Within this chart are all 3 highly effective patterns I trade.
SPY - 7 High Probability Trades
Here we see a pDay vWAP mixed with a daily failure. Next a daily retest, then a pDay vWAP failure, then a vWAP capture and test. Then a double weekly failure test (great trade there) and finally a daily test.
I could provide more examples but most are just derivatives of the above examples.
Daily (%) - Percentage Above / Below Daily [HODLER]It is a common observation in the world of cryptocurrency that the prices of most digital currencies tend to follow the price movements of Bitcoin. This means that when the price of Bitcoin increases, the prices of other cryptocurrencies usually increase as well, and when the price of Bitcoin decreases, the prices of other cryptocurrencies also tend to decrease, particularly when Bitcoin is near its daily level.
Of course, this is not unique to Bitcoin but also occurs with stocks. You can use this indicator on any asset you choose. Simply select the asset you want to track in the indicator's settings.
In the example chart, you can see CFXBUSD on a 45-minute timeframe chart with the indicator displayed below that tracks Bitcoin on a daily timeframe, as bitcoin was set as the asset in the settings of the indicator. In the lower right corner of the indicator, it will display the price of the asset "Bitcoin" and the percentage by which it is either above or below the daily price (which is calculated in the same way as on the TradingView watchlist).
This indicator can be very useful when trading other assets to closely monitor Bitcoin's (or any other chosen) activity. You can use it to check if the price is above the daily close and if it closed higher or lower than the last bar. Additionally, you can check if it closed above certain moving averages.
A useful feature of this indicator is that you can set an offset percentage for your visuals to adjust for whether the asset is up or down.
However, it is important to note that not all cryptocurrencies are directly correlated with Bitcoin's price movements, and some may even have unique factors that can cause them to behave differently in the market.
If you have any questions or suggestions regarding this indicator, I would greatly appreciate it if you could let me know in the comments.
