The JewelThe Jewel is a comprehensive momentum and trend-based indicator designed to give traders clear insights into potential market shifts. By integrating RSI, Stochastic, and optional ADX filters with an EMA-based trend filter, this script helps identify high-conviction entry and exit zones for multiple trading styles, from momentum-based breakouts to mean-reversion setups.
Features
Momentum Integration:
Leverages RSI and Stochastic crossovers for real-time momentum checks, reducing noise and highlighting potential turning points.
Optional ADX Filter:
Analyzes market strength; only triggers signals when volatility and directional movement suggest strong follow-through.
EMA Trend Filter:
Identifies broad market bias (bullish vs. bearish), helping traders focus on higher-probability setups by aligning with the prevailing trend.
Caution Alerts:
Flags potentially overbought or oversold conditions when both RSI and Stochastic reach extreme zones, cautioning traders to manage risk or tighten stops.
Customizable Parameters:
Fine-tune RSI, Stochastic, ADX, and EMA settings to accommodate various assets, timeframes, and trading preferences.
How to Use
Momentum Breakouts: Watch for RSI cross above a set threshold and Stochastic cross up, confirmed by ADX strength and alignment with the EMA filter for potential breakout entries.
Mean Reversion: Look for caution signals (RSI & Stoch extremes) as early warnings for trend slowdown or reversal opportunities.
Trend Continuation: In trending markets, rely on the EMA filter to stay aligned with the primary direction. Use momentum crosses (RSI/Stochastic) to time add-on entries or exits.
Important Notes
Non-Investment Advice
The Jewel is a technical analysis tool and does not constitute financial advice. Always use proper risk management and consider multiple confirmations when making trading decisions.
No Warranty
This indicator is provided as-is, without warranty or guarantees of performance. Traders should backtest and verify its effectiveness on their specific instruments and timeframes.
Collaborate & Share
Feedback and suggestions are welcome! Engaging with fellow traders can help refine and adapt The Jewel for diverse market conditions, strengthening the TradingView community as a whole.
Happy Trading!
If you find this script valuable, please share your feedback, ideas, or enhancements. Collaboration fosters a more insightful trading experience for everyone.
在脚本中搜索"breakout"
BTC Trendline Patterns with Signals BTC Trendline Patterns with Signals
This custom Pine Script indicator automatically detects key pivot points in Bitcoin price action and draws support and resistance trendlines. The indicator provides buy (long) and sell (short) signals when these trendlines are broken. This can help traders identify potential breakout opportunities and trend reversals based on established price levels.
Features:
Pivot Point Detection: Automatically identifies pivot highs and lows in the price chart, based on customizable parameters (Pivot Left and Pivot Right).
Support and Resistance Trendlines: Draws trendlines based on the identified pivot points. These lines represent significant price levels where price may experience support or resistance.
Breakout Signals: Provides buy (long) and sell (short) signals when the price breaks above the resistance trendline (for buy signals) or below the support trendline (for sell signals).
Customizable Pivot Lengths: Adjust the number of bars considered for determining pivot points using the Pivot Left and Pivot Right input parameters.
How it Works:
Pivot Detection: The script identifies the highest high (pivotHigh) and the lowest low (pivotLow) within a specific range of bars (defined by Pivot Left and Pivot Right).
Trendline Plotting: Once pivots are detected, the script draws resistance (red) and support (green) trendlines connecting the most recent pivots. These trendlines act as dynamic support and resistance levels.
Breakout Signals: The script generates signals:
BUY (Long): Triggered when the price breaks above the most recent resistance trendline.
SELL (Short): Triggered when the price breaks below the most recent support trendline.
Parameters:
Pivot Left: Number of bars to the left of the pivot point to consider.
Pivot Right: Number of bars to the right of the pivot point to consider.
Line Width: Customizable line width for drawing trendlines.
Ideal Use:
Timeframes: This indicator works well on timeframes ranging from 1-minute to daily charts. For best results, use it on 1-hour, 4-hour, or daily charts.
Strategy: Ideal for breakout traders or trend-following strategies. Use it to identify potential entry points when price breaks key levels of support or resistance.
Example Use Case:
Swing Traders: Traders looking for potential breakouts can use this script to identify key levels in the market and wait for the price to break through resistance for a long trade or support for a short trade.
Day Traders: For those looking to enter and exit trades in a single day, this indicator can help pinpoint areas of support and resistance, and provide actionable signals when price breaks those levels.
Disclaimer:
This script is not a guarantee of success and should be used in conjunction with other technical analysis tools. Always perform additional research and backtesting before live trading.
Important Notes:
The pivot points and trendlines may adjust dynamically as the price evolves. Adjust the pivot settings to suit the volatility and timeframe of the market you're trading.
This indicator works best when combined with other indicators such as volume, RSI, or MACD for confirmation.
How to Use:
Add the indicator to your chart.
Adjust the Pivot Left and Pivot Right parameters to fine-tune the pivot point detection.
Monitor for trendline breakouts. When the price breaks above the resistance line, a BUY signal will appear. When the price breaks below the support line, a SELL signal will appear.
Use the signals to enter trades at the right moment.
Final Notes:
If you're submitting to TradingView for publishing, keep your description clear and informative, but also concise. Traders need to quickly understand how your indicator works, what parameters they can adjust, and how it might fit into their trading strategy.
Squeeze Momentum Indicator [CHE] Squeeze Momentum Indicator
The Squeeze Momentum Indicator is an improved and simplified version of the classic Squeeze Momentum Indicator by LazyBear. It focuses on precise detection of squeeze phases without relying on Keltner Channels (KC) or complex momentum calculations. Instead, it emphasizes the dynamic analysis of Bollinger Band widths and their distance changes to provide clear and intuitive signals.
What is the Squeeze Momentum Indicator ?
This indicator helps you identify periods of low volatility (squeeze phases) when the market is often poised for significant moves. With its clear visualization and innovative methods, it enables traders to spot breakout opportunities early and trade strategically.
Differences from the Original LazyBear Indicator
1. Use of Bollinger Bands (BB):
- LazyBear Indicator combines Bollinger Bands with Keltner Channels. A squeeze is detected when the Bollinger Bands fall inside the Keltner Channels.
- CHE Indicator relies solely on Bollinger Bands and an additional analysis of their width (distance between the upper and lower bands). This makes the calculation more straightforward and reduces dependency on multiple indicator families.
2. Squeeze Detection:
- LazyBear: A squeeze is defined based on the relationship between Bollinger Bands and Keltner Channels. It has three states: “Squeeze On,” “Squeeze Off,” and “No Squeeze.”
- CHE: A squeeze is detected when the width of the Bollinger Bands falls below the lower "Distance Bollinger Bands." It only has two states: Squeeze Active and No Squeeze.
3. Momentum Calculation:
- LazyBear: Uses linear regression (LinReg) to calculate momentum and displays it as color-coded histograms.
- CHE: Does not include momentum calculations. The focus is entirely on volatility visualization and squeeze detection.
4. Visualization:
- LazyBear: Displays momentum histograms and horizontal lines to signal different states.
- CHE: Visualizes the width of the Bollinger Bands and their Distance Bollinger Bands as lines on the chart. The chart background turns green when a squeeze is detected, simplifying interpretation.
What Is Plotted?
1. Bollinger Band Width:
- A line representing the distance between the upper and lower Bollinger Bands, measuring market volatility.
2. Distance Bollinger Bands:
- Two additional lines (upper and lower Distance Bollinger Bands) based on the Bollinger Band width, defining thresholds for squeeze conditions.
3. Session-Specific Box:
- A dynamic box is drawn on the chart during a squeeze phase. The box marks the high and low of the market for the squeeze duration. It visually frames the range, helping traders monitor breakouts beyond these levels.
4. Max/Min Markers:
- The indicator dynamically updates and marks the maximum and minimum price levels during a squeeze. These levels can serve as breakout thresholds or critical reference points for price action.
5. Background Color:
- The chart background turns green when a squeeze is active (Bollinger Band width falls below the lower Distance Bollinger Bands). This highlights potential breakout conditions.
How to Use the CHE Indicator
1. Add the Indicator:
- Add the indicator to your chart and customize settings such as Bollinger Band length (`sqz_length`) and multiplier (`sqz_multiplier`) to fit your strategy.
2. Identify Squeeze Conditions:
- Watch for the green background, which signals a squeeze—indicating a period of low volatility where significant market moves often follow.
3. Monitor the Box and Max/Min Levels:
- During a squeeze, the box outlines the trading range, and the maximum and minimum levels are updated in real time. Use these as breakout triggers or support/resistance zones.
4. Session-Specific Analysis:
- The indicator can highlight squeezes during specific trading sessions (e.g., market open), allowing you to focus on key time frames.
5. Additional Confirmation:
- Combine the CHE Indicator with price action analysis or momentum tools to determine the direction of potential breakouts.
Why Use the Squeeze Momentum Indicator ?
- Simplicity: Clear visualization and reduced complexity by eliminating Keltner Channels and momentum calculations.
- Flexibility: Suitable for all markets—stocks, forex, crypto, and more.
- Enhanced Visualization: The box and max/min markers provide real-time visual cues for range-bound trading and breakout strategies.
- Efficiency: Focuses on what matters most—identifying volatility and squeeze phases.
With the Squeeze Momentum Indicator , you can take your trading strategy to the next level. Thanks to its clear design, dynamic range visualization, and innovative methods, you’ll recognize breakout opportunities earlier and trade with greater precision. Try it out and experience its user-friendliness and effectiveness for yourself!
Market Structure V3Indicator Description:
The Market Structure indicator is a unique and innovative tool for identifying and visualizing key market structures based on dynamic swing highs and lows. This indicator stands apart from similar tools by utilizing a distinct methodology for updating levels and identifying trends, ensuring precision and flexibility in market analysis.
Key Features of Uniqueness:
1. No Fixed Lookback Periods for Extremum Detection:
- Unlike most indicators that rely on a predefined number of candles (lookback period) to determine highs or lows, this script dynamically updates levels based solely on price action.
- A new high (resistance) or low (support) is confirmed only when the closing price breaks above the previous high or below the previous low, representing the last significant extremums .
- This approach eliminates arbitrary lookback-based restrictions, allowing the indicator to adapt seamlessly to different market conditions and timeframes.
2. Dynamic Level Adjustments:
- Levels are recalculated and adjusted in real time as new price action unfolds, providing traders with highly accurate and relevant support and resistance levels.
- The upper and lower bounds serve as dynamic anchors for trend analysis, updating only when a confirmed breakout occurs.
3. Fractal and Trend-Driven Logic:
- The script inherently respects the fractal nature of price movements by focusing on confirmed breakouts of previous significant extremums , avoiding reliance on shorter-term noise.
- This makes the indicator particularly effective for identifying true trend reversals and continuations.
4. Visual Clarity and Structure Mapping:
- The indicator labels the following structural points directly on the chart:
- **Higher Highs (HH)** for uptrend confirmation.
- **Lower Highs (LH)** for potential trend weakening.
- **Lower Lows (LL)** for downtrend confirmation.
- **Higher Lows (HL)** for potential trend reversals.
- Levels and labels are updated dynamically and accurately reflect the market's structural evolution.
5. Clean and Noise-Free Analysis:
- The absence of arbitrary inputs (e.g., lookback periods) ensures the indicator focuses only on meaningful price action, reducing false signals.
- Works seamlessly across all instruments and timeframes without requiring constant parameter adjustments.
6. Highly Adaptable:
- Suitable for any financial market, including stocks, forex, and cryptocurrencies.
- Performs equally well on all timeframes, from intraday to long-term analysis.
How the Indicator Works:
1. Dynamic Level Updates :
- The indicator evaluates price action in real time and identifies significant levels based on breakouts above previous highs or below previous lows.
- Upper Bound (Resistance) : Updated only when the closing price exceeds the previous significant high.
- Lower Bound (Support) : Updated only when the closing price falls below the previous significant low.
2. Trend Determination:
- Identifies and marks structural points (HH, LH, LL, HL) as trends develop.
- Swing points are updated dynamically without relying on fixed lookback parameters, ensuring that levels reflect the true market structure.
3. Confirmation Logic:
- The script uses a user-configurable parameter `Extremum confirmation bars count` to refine the process of confirming significant swing points.
- This ensures flexibility in adapting to different market conditions while maintaining precision in level detection.
Unique Advantages Over Similar Indicators:
1. No Arbitrary Inputs:
- Unlike other indicators that require users to set the number of candles for extremum detection, this script eliminates the need for such settings, relying solely on actual price breakouts.
2. Dynamic Real-Time Adjustments:
- The logic of level updates is event-driven (based on closing prices crossing key levels), making it more reactive and precise compared to static lookback-based calculations.
3. Enhanced Structural Clarity:
- Focuses exclusively on confirmed significant levels , avoiding clutter and ambiguity often seen in lookback-based indicators.
4. Fractal and Self-Adaptive Nature:
- The script inherently respects market fractality, making it effective across all timeframes and market conditions.
Practical Applications:
- Trend Identification:
Helps identify whether the market is in an uptrend, downtrend, or consolidation phase.
- Entry and Exit Points:
Use swing highs and lows as references for entering or exiting positions.
- Support and Resistance Levels:
Dynamic levels provide actionable areas for placing stop-losses and take-profits.
Input Parameters:
- Extremum Confirmation Bars Count:
Adjusts the sensitivity of extremum detection. The higher the value, the more conservative the indicator becomes in confirming levels. Default is `3`.
Chart Setup and Usage Notes:
1. Clean Visualization:
- Ensure a clean chart for better visibility of structural points and levels.
- Do not overlay with additional indicators unless explicitly required.
2. User Guidance:
- Combine this indicator with volume analysis or other confirmation tools to enhance decision-making.
Disclaimer:
This indicator is for educational purposes only and does not constitute financial advice. Always perform your own analysis and trade responsibly.
SMB MagicSMB Magic
Overview: SMB Magic is a powerful technical strategy designed to capture breakout opportunities based on price movements, volume spikes, and trend-following logic. This strategy works exclusively on the XAU/USD symbol and is optimized for the 15-minute time frame. By incorporating multiple factors, this strategy identifies high-probability trades with a focus on risk management.
Key Features:
Breakout Confirmation:
This strategy looks for price breakouts above the previous high or below the previous low, with a significant volume increase. A breakout is considered valid when it is supported by strong volume, confirming the strength of the price move.
Price Movement Filter:
The strategy ensures that only significant price movements are considered for trades, helping to avoid low-volatility noise. This filter targets larger price swings to maximize potential profits.
Exponential Moving Average (EMA):
A long-term trend filter is applied to ensure that buy trades occur only when the price is above the moving average, and sell trades only when the price is below it.
Fibonacci Levels:
Custom Fibonacci retracement levels are drawn based on recent price action. These levels act as dynamic support and resistance zones and help determine the exit points for trades.
Take Profit/Stop Loss:
The strategy incorporates predefined take profit and stop loss levels, designed to manage risk effectively. These levels are automatically applied to trades and are adjusted based on the market's volatility.
Volume Confirmation:
A volume multiplier confirms the strength of the breakout. A trade is only considered when the volume exceeds a certain threshold, ensuring that the breakout is supported by sufficient market participation.
How It Works:
Entry Signals:
Buy Signal: A breakout above the previous high, accompanied by significant volume and price movement, occurs when the price is above the trend-following filter (e.g., EMA).
Sell Signal: A breakout below the previous low, accompanied by significant volume and price movement, occurs when the price is below the trend-following filter.
Exit Strategy:
Each position (long or short) has predefined take-profit and stop-loss levels, which are designed to protect capital and lock in profits at key points in the market.
Fibonacci Levels:
Fibonacci levels are drawn to identify potential areas of support or resistance, which can be used to guide exits and stop-loss placements.
Important Notes:
Timeframe Restriction: This strategy is designed specifically for the 15-minute time frame.
Symbol Restriction: The strategy works exclusively on the XAU/USD (Gold) symbol and is not recommended for use with other instruments.
Best Performance in Trending Markets: It works best in trending conditions where breakouts occur frequently.
Disclaimer:
Risk Warning: Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and make informed decisions before trading.
STANDARD DEVIATION INDICATOR BY WISE TRADERWISE TRADER STANDARD DEVIATION SETUP: The Ultimate Volatility and Trend Analysis Tool
Unlock the power of STANDARD DEVIATIONS like never before with the this indicator, a versatile and comprehensive tool designed for traders who seek deeper insights into market volatility, trend strength, and price action. This advanced indicator simultaneously plots three sets of customizable Deviations, each with unique settings for moving average types, standard deviations, and periods. Whether you’re a swing trader, day trader, or long-term investor, the STANDARD DEVIATION indicator provides a dynamic way to spot potential reversals, breakouts, and trend-following opportunities.
Key Features:
STANDARD DEVIATIONS Configuration : Monitor three different Bollinger Bands at the same time, allowing for multi-timeframe analysis within a single chart.
Customizable Moving Average Types: Choose from SMA, EMA, SMMA (RMA), WMA, and VWMA to calculate the basis of each band according to your preferred method.
Dynamic Standard Deviations: Set different standard deviation multipliers for each band to fine-tune sensitivity for various market conditions.
Visual Clarity: Color-coded bands with adjustable thicknesses provide a clear view of upper and lower boundaries, along with fill backgrounds to highlight price ranges effectively.
Enhanced Trend Detection: Identify potential trend continuation, consolidation, or reversal zones based on the position and interaction of price with the three bands.
Offset Adjustment: Shift the bands forward or backward to analyze future or past price movements more effectively.
Why Use Triple STANDARD DEVIATIONS ?
STANDARD DEVIATIONS are a popular choice among traders for measuring volatility and anticipating potential price movements. This indicator takes STANDARD DEVIATIONS to the next level by allowing you to customize and analyze three distinct bands simultaneously, providing an unparalleled view of market dynamics. Use it to:
Spot Volatility Expansion and Contraction: Track periods of high and low volatility as prices move toward or away from the bands.
Identify Overbought or Oversold Conditions: Monitor when prices reach extreme levels compared to historical volatility to gauge potential reversal points.
Validate Breakouts: Confirm the strength of a breakout when prices move beyond the outer bands.
Optimize Risk Management: Enhance your strategy's risk-reward ratio by dynamically adjusting stop-loss and take-profit levels based on band positions.
Ideal For:
Forex, Stocks, Cryptocurrencies, and Commodities Traders looking to enhance their technical analysis.
Scalpers and Day Traders who need rapid insights into market conditions.
Swing Traders and Long-Term Investors seeking to confirm entry and exit points.
Trend Followers and Mean Reversion Traders interested in combining both strategies for maximum profitability.
Harness the full potential of STANDARD DEVIATIONS with this multi-dimensional approach. The "STANDARD DEVIATIONS " indicator by WISE TRADER will become an essential part of your trading arsenal, helping you make more informed decisions, reduce risks, and seize profitable opportunities.
Who is WISE TRADER ?
Wise Trader is a highly skilled trader who launched his channel in 2020 during the COVID-19 pandemic, quickly building a loyal following. With thousands of paid subscribed members and over 70,000 YouTube subscribers, Wise Trader has become a trusted authority in the trading world. He is known for his ability to navigate significant events, such as the Indian elections and stock market crashes, providing his audience with valuable insights into market movements and volatility. With a deep understanding of macroeconomics and its correlation to global stock markets, Wise Trader shares informed strategies that help traders make better decisions. His content covers technical analysis, trading setups, economic indicators, and market trends, offering a comprehensive approach to understanding financial markets. The channel serves as a go-to resource for traders who want to enhance their skills and stay informed about key market developments.
Support, Resistance & Liquidity Pool ZonesSupport, Resistance & Liquidity Pool Zones
This indicator automatically detects and plots support and resistance levels based on pivot points and highlights liquidity pool zones, areas where the trading volume exceeds the average over a set number of bars. It is designed to help traders identify key price levels and liquidity traps that can trigger significant market reactions.
Key Features:
Support & Resistance Levels:
The indicator identifies pivot highs and pivot lows as potential resistance and support levels, respectively.
You can customize the number of levels shown on the chart, making it easier to focus on the most recent and relevant price levels.
Liquidity Pool Zones:
The script detects liquidity pool zones, which are areas with above-average trading volume. These zones often act as regions of interest where price accumulation or distribution occurs, potentially leading to significant price moves.
Liquidity zones are shaded to help traders visually identify areas of high interest in the market.
Customizable Settings:
You can adjust the pivot period to fine-tune how the indicator calculates support and resistance.
Control the number of support/resistance levels displayed on the chart and the period used to detect liquidity pools.
Customize the colors for support, resistance, and liquidity zones to match your charting preferences.
Alerts:
The script includes built-in alerts for when the price breaks above resistance or falls below support, helping traders catch key breakout opportunities.
How It Works:
The script calculates support and resistance levels using pivot highs and lows based on the user-defined pivot period.
It monitors liquidity pool zones by comparing the current trading volume with the average volume over a customizable period. When the volume exceeds the set threshold, a liquidity pool zone is highlighted, providing insight into where the market may accumulate or distribute.
Alerts are triggered when the price breaks above the first resistance level or falls below the first support level, giving traders immediate notification of key market events.
How to Use:
Tune the Pivot Period: Adjust the pivot period to your preferred time horizon (default: 10 bars).
Set Liquidity Pool Parameters: Customize the number of bars considered for liquidity pool detection and the volume multiplier to detect high-volume zones.
Monitor Breakouts: Use the built-in alerts to catch potential breakout or breakdown opportunities near support and resistance levels.
This script is ideal for traders looking for an easy-to-use tool to visualize support and resistance levels and liquidity pools, aiding in decision-making and trade management.
Thrax - Intraday Market Pressure ZonesTHRAX - INTRADAY MARKET PRESSURE ZONES
This indicator identifies potential support and resistance zones based on areas of significant market pressure. It dynamically plots these zones and adjusts their visibility based on real-time price action and user-defined thresholds. The indicator is useful for traders seeking to understand intraday market pressure, visualize zones of potential price reversals, and analyze volume imbalances at critical levels.
1. Support/Resistance Zones: Wherever the price retraces significantly from its high a support zone is drawn and when it retraces significantly from it low a resistance zone is drawn. The significant retracing is measured by the wick threshold percentage. For instance, if set to 75%, it implies price retracement of 75% either from high or from low for a particular candel
Volume delat: Displays volume delta information where the zones are formed. This can be used by trader to consider only those zones where delta is significant.
2. Breakout Detection: Monitors for price breakouts beyond established zones, deleting zones that are invalidated by price movement. when the price breaks a given zone with the threshold, it is considered to be mitigated and chances of trend continuation is decent.
Candle Coloring: Uses color codes (green, red, and yellow) to represent bullish, bearish, and indecisive (doji) candles, aiding quick visual assessment.
INPUTS
1. Wick Threshold (%) : Sets the minimum wick percentage required for a candle to be considered a support or resistance candidate.
2. Breakout Threshold (%) : Determines the percentage above or below a support or resistance zone that defines a breakout condition. if breaks a zone with the set threshold then the zone will be considered mititgated.
3. Max Number of Support/Resistance Zones : Limits the maximum number of support/resistance zones displayed on the chart, ranging from 1 to 5.
4. Show Wick Percentage Labels : Toggles the display of percentage values for upper and lower wicks on each candle.
TRADE SETUP
Identifying Entry Points: Look for the formation of support or resistance zones. Wait for price to retrace to these zones. if you are willing to take risk, you can consider even zones with low delta. If you want to be more cautious you should consider zones with high delta.
Volume Confirmation: Use the volume information to confirm the strength of the zone. Strong volume differences (displayed as labels) can indicate significant market pressure at these levels.
Breakout Trades: If price breaks through a support/resistance zone by more than the breakout threshold, consider this a signal for a potential trend continuation in the breakout direction.
Risk Management: Set stop-loss levels slightly outside of the identified zones to minimize risk in case of false breakouts. This can be set in input setting for breakout threshold.
Bonus Tip : Mark your significant highs and lows from where prices have retraced multiple times in the near past and if the zone is near these levels it can serve s a strong candidate of support or resistance
Therefore, in conclusion monitor the zones, based on delta and volume presence filter out the zone, wait for price retracement to the zone, intiate the trade with stop loss below zone with a set percentage.
Options Series - Explode BB⭐ Bullish Zone:
⭐ Bearish Zone:
⭐ Neutral Zone:
The provided script integrates Bollinger Bands with different lengths (20 and 200 periods) and applies customized candle coloring based on certain conditions. Here's a breakdown of its importance and insights:
⭐ 1. Dual Bollinger Bands (BBs):
Bollinger Bands (BB) with 20-period length:
This is the standard setting for Bollinger Bands, with a 20-period simple moving average (SMA) as the central line and upper/lower bands derived from the standard deviation.
These bands are used to identify volatility. Wider bands indicate higher volatility, while narrower bands indicate low volatility.
200-period BB:
This is a longer-term indicator providing insight into the overall trend and long-term volatility.
The 200-period bands filter out noise and offer a "macro" view of price movements compared to the 20-period bands, which focus on short-term price actions.
⭐ 2. Overlay of Bollinger Bands and SMA:
The script plots the Bollinger Bands along with the SMA (Simple Moving Average) of the 200-period BB. This gives traders both a short-term (20-period) and long-term (200-period) perspective, which is valuable for detecting major trend shifts or key support and resistance zones.
Using multiple time frames (20-period for short-term and 200-period for long-term) can help traders spot both immediate opportunities and overarching trends.
⭐ 3. Candle Coloring Based on Key Conditions:
Bullish Signal (GreenFluroscent): When the price closes above the upper 200-period Bollinger Band, the candle turns green, indicating a potential bullish breakout.
Bearish Signal (RedFluroscent): If the price closes below the lower 200-period Bollinger Band, the candle turns red, suggesting a bearish breakout.
Neutral or Uncertain Market: Candles are gray when the price remains between the upper and lower bands, indicating a lack of a strong directional bias.
This color-coded visualization allows traders to quickly assess market sentiment based on the Bollinger Bands' extremes.
⭐ 4. Strategic Importance of the Setup:
Multi-timeframe Analysis: Combining short-term (20-period) and long-term (200-period) Bollinger Bands enables traders to assess the market's overall volatility and trend strength. The longer-term bands act as a reference for broader trend direction, while the shorter-term bands can signal shorter-term pullbacks or entry/exit points.
Breakout Identification: By color-coding the candles when prices cross either the upper or lower 200-period bands, the script makes it easier to spot potential breakouts. This can be particularly helpful in trading strategies that rely on volatility expansions or trend-following tactics.
⭐ 5. Customization and Flexibility:
Custom Colors: The script uses distinct fluorescent green and red colors to highlight key bullish and bearish conditions, providing clear visual cues.
Simplicity with Flexibility: Despite its simplicity, the script leaves room for customization, allowing traders to adjust the Bollinger Band multipliers or apply different conditions to candle coloring for more nuanced setups.
This script enhances standard Bollinger Band usage by introducing multi-timeframe analysis, breakout signals, and visual cues for trend strength, making it a powerful tool for both trend-following and mean-reversion strategies.
🚀 Conclusion:
This script effectively simplifies volatility analysis by visually marking bullish, bearish, and neutral zones, making it a robust tool for identifying trade opportunities across multiple timeframes. Its dual-band approach ensures both trend-following and mean-reversion strategies are supported.
ADX with Donchian Channels
The "ADX with Donchian Channels" indicator combines the Average Directional Index (ADX) with Donchian Channels to provide traders with a powerful tool for identifying trends and potential breakouts.
Features:
Average Directional Index (ADX):
The ADX is used to quantify the strength of a trend. It helps traders determine whether a market is trending or ranging.
Adjustable parameters for ADX smoothing and DI length allow traders to fine-tune the sensitivity of the trend strength measurement.
Donchian Channels on ADX:
Donchian Channels are applied directly to the ADX values to highlight the highest high and lowest low of the ADX over a specified period.
The upper and lower Donchian Channels can signal potential trend breakouts when the ADX value moves outside these bounds.
The middle Donchian Channel provides a reference for the average trend strength.
Visualization:
The indicator plots the ADX line in red to clearly display the trend strength.
The upper and lower Donchian Channels are plotted in blue, with a green middle line to represent the average.
The area between the upper and lower Donchian Channels is filled with a blue shade to visually emphasize the range of ADX values.
Default Settings for Scalping:
Donchian Channel Length: 10
Standard Deviation Multiplier: 1.58
ADX Length: 2
ADX Smoothing Length: 2
These default settings are optimized for scalping, offering a quick response to changes in trend strength and potential breakout signals. However, traders can adjust these settings to suit different trading styles and market conditions.
How to Use:
Trend Strength Identification: Use the ADX line to identify the strength of the current trend. Higher ADX values indicate stronger trends.
Breakout Signals: Monitor the ADX value in relation to the Donchian Channels. A breakout above the upper channel or below the lower channel can signal a potential trend continuation or reversal.
Range Identification: The filled area between the Donchian Channels provides a visual representation of the ADX range, helping traders identify when the market is ranging or trending.
This indicator is designed to enhance your trading strategy by combining trend strength measurement with breakout signals, making it a versatile tool for various market conditions.
Pivot Points - [RealFact]Description:
The Pivot Points indicator is a powerful tool for identifying potential support and resistance levels based on previous price action. It calculates key pivot levels (P), along with support (S1, S2) and resistance (R1, R2) levels, which are used to forecast potential turning points in the market.
Key Features:
Pivot Calculation: Based on the previous period's high, low, and close prices.
Support and Resistance Levels: Three support (S1, S2) and three resistance (R1, R2) levels.
Customizable Timeframes: Applicable to various timeframes including daily, weekly, and monthly charts.
Visual Representation: Levels are clearly plotted on the chart, making it easy to identify key areas.
Trading Strategies: Useful for breakout, reversal, and trend-following strategies.
How to Use:
Identify Key Levels: Use the pivot point (P) to determine the general market trend.
Support and Resistance: Look for price reactions at S1, S2, R1 and R2 to find potential entry and exit points.
Combine with Other Indicators: Enhance analysis by combining with other technical indicators such as Moving Averages, RSI, or MACD.
Formula:
Pivot Point (P) = (High + Low + Close) / 3
Support 1 (S1) = 2P - High
Resistance 1 (R1) = 2P - Low
Support 2 (S2) = P - (High - Low)
Resistance 2 (R2) = P + (High - Low)
Best Practices:
Confirm with Volume: Look for volume confirmation when price approaches pivot levels.
Avoid False Breakouts: Be cautious of false breakouts and use other indicators to confirm price moves.
Consolidation indicator█ Overview
The "Consolidation Indicator" is a custom indicator for TradingView designed to identify consolidation periods in the price chart. Consolidation typically occurs when the price of an asset moves within a narrow range, and this indicator helps traders recognize such conditions. It can be a useful tool for traders looking to identify potential breakouts or periods of reduced volatility.
█ Indicator Settings
1 — Timeframe: This setting allows you to select the timeframe for which you want to analyze consolidation. You can choose from various timeframes available in TradingView.
2 — Price Smoothing Length: This parameter controls the smoothing of price data. You can adjust the value, with a minimum of 1, to control the level of smoothing applied to the price data.
3 — Average Range Length (range_len): This setting defines the length of the average range used in the calculation of the indicator. By default, it is set to 14.
4 — Threshold for Narrow Range (NR_threshold): The indicator will consider a price range as narrow if it falls below this threshold as a percentage of the average range. It is set to 80% by default.
5 — Consecutive Narrow Ranges for Consolidation: This parameter allows you to specify how many consecutive narrow price ranges are required to confirm a consolidation period. The default value is 3.
6 — Candle Color: You can choose the color for the consolidation candles. The default is a bright green color.
█ Indicator Output
The indicator visually displays consolidation and breakout periods on the price chart using colored candles and breakout icons.
• Candles: During a consolidation period, the indicator colorizes the candles in a specified color (default is green) with a transparency that decreases as the number of consecutive narrow ranges increases. This allows you to easily spot consolidation periods on the chart.
• Breakout Icons: The indicator also places a breakout icon (💥) below the price chart to indicate potential breakout opportunities. When a breakout condition is met, the icon appears with an orange color.
█ Alerts
The indicator provides two alert conditions:
1 — Consolidation Begins: This alert triggers when a consolidation period starts. It indicates that the price is moving within a narrow range compared to the average range.
2 — Breakout: This alert triggers when a potential breakout from the consolidation is detected.
█ How to Use
1 — Apply the "Consolidation Indicator" to your TradingView chart by adding it as a custom indicator.
2 — Customize the indicator settings based on your trading preferences, such as timeframe, smoothing length, and threshold for a narrow range.
3 — Monitor the chart for colored candles. The indicator will color candles to highlight consolidation periods.
4 — Look for the breakout icon (💥) below the chart, which indicates potential breakout opportunities.
5 — Set up alerts to be notified when a consolidation begins or a breakout is detected, helping you stay on top of potential trading opportunities.
Keep in mind that this indicator is a tool to assist in identifying consolidation periods, and it should be used in conjunction with other analysis methods for comprehensive trading decisions.
Yesterday's High v.17.07Yesterday’s High Breakout it is a trading system based on the analysis of yesterday's highs, it works in trend-following mode therefore it opens a long position at the breakout of yesterday's highs even if they occur several times in one day.
There are several methods for exiting a trade, each with its own unique strategy. The first method involves setting Take-Profit and Stop-Loss percentages, while the second utilizes a trailing-stop with a specified offset value. The third method calls for a conditional exit when the candle closes below a reference EMA.
Additionally, operational filters can be applied based on the volatility of the currency pair, such as calculating the percentage change from the opening or incorporating a gap to the previous day's high levels. These filters help to anticipate or delay entry into the market, mitigating the risk of false breakouts.
In the specific case of INJ, a 12% Take-Profit and a 1.5% Stop-Loss were set, with an activated trailing-stop percentage, TRL 1 and OFF 0.5.
To postpone entry and avoid false breakouts, a 1% gap was added to the price of yesterday's highs.
Name: Yesterday's High Breakout - Trend Follower Strategy
Author: @tumiza999
Category: Trend Follower, Breakout of Yesterday's High.
Operating mode: Spot or Futures (only long).
Trade duration: Intraday.
Timeframe: 30M, 1H, 2H, 4H
Market: Crypto
Suggested usage: Short-term trading, when the market is in trend and it is showing high volatility.
Entry: When there is a breakout of Yesterday's High.
Exit: Profit target or Trailing stop, Stop loss or Crossunder EMA.
Configuration:
- Gap to anticipate or postpone the entry before or after the identified level
- Rate of Change for Entry Condition
- Take Profit, Stop Loss and Trailing Stop
- EMA length
Backtesting:
⁃ Exchange: BINANCE
⁃ Pair: INJUSDT
⁃ Timeframe: 4H
- Treshold: 1
- Gap%: 1
- SL: 1.5
- TP:12
- TRL: 1
- OFF-TRL: 0.5
⁃ Fee: 0.075%
⁃ Slippage: 1
- Initial Capital: 10000 USDT
- Position sizing: 10% of Equity
- Start : 2018-07-26 (Out Of Sample from 2022-12-23)
- Bar magnifier: on
Credits: LucF for Pine Coders (f_security function to avoid repainting using security)
Disclaimer: Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.
How you or we can improve? Source code is open so share your ideas!
Leave a comment and smash the boost button!
Thanks for your attention, happy to support the TradingView community.
HILOCLOP AnalysisThe "HILOCLOP Analysis" indicator is designed to analyze price data based on different conditions and provide insights into market trends and patterns. Let's break down its features and understand its potential usefulness in trading:
Sample Length: The indicator allows the user to specify the sample length, which determines the number of bars or periods considered for the analysis. This parameter can be adjusted to capture short-term or long-term trends and patterns in the market.
Raw Up/Down Analysis: The indicator calculates the number of occurrences where the current price values (high, low, open, close) are higher or lower than their previous values. It provides separate counts for each price component. By visualizing these counts on the chart, traders can identify periods of upward or downward movement in the price data.
HICLOP Analysis: The indicator offers a color scheme option called "HICLOP," which determines the color of the plotted results. If the HICLOP analysis is enabled, the plots representing raw up/down counts will have different colors based on whether the current count is higher or lower than the previous count. This color coding helps traders quickly identify changes in price trends.
Unchecking this Box will Show the general trend.
Raw HICLOP Color Scheme
Trend Color Scheme
Analysis Up vs. Down: The indicator provides an option to analyze instances where all four price components (high, low, open, close) are higher or lower than their respective previous values. This analysis helps traders identify periods of strong upward or downward movement in the market.
Analysis High vs. Low: The indicator compares the number of occurrences where the current high is higher than the previous high and the current low is higher than the previous low. It provides insights into whether the market is experiencing higher highs or higher lows, which can help traders determine the strength of an upward or downward trend.
Analysis Open vs. Close: The indicator compares the number of occurrences where the current close is higher than the previous close and the current open is higher than the previous open. This analysis helps traders assess the relationship between opening and closing prices, providing insights into the strength of buying or selling pressure in the market.
The usefulness of the "HILOCLOP Analysis" indicator in trading depends on the specific trading strategy and the trader's preferences. Here are a few potential use cases:
Trend Identification: By analyzing the raw up/down counts and the HICLOP color scheme, traders can identify trends and changes in price momentum. Increasing raw up counts and corresponding color changes to positive values may indicate an upward trend, while increasing raw down counts and negative color changes may suggest a downward trend.
Confirmation of Breakouts: Traders often look for confirmation of breakouts from key levels or chart patterns. The "Analysis Up V Dn" feature can help identify instances where all four price components simultaneously confirm a breakout, indicating a potentially significant move in the market.
Trend Reversals: The "Analysis High V Low" and "Analysis Open V Close" features can provide insights into potential trend reversals. For example, if there are more higher highs than higher lows, it may indicate a weakening trend, potentially signaling a reversal or a correction.
Donchian Volatility Indicator - Adaptive Channel WidthThis indicator is designed to help traders assess and analyze market volatility. By calculating the width of the Donchian channels, it provides valuable insights into the range of price movements over a specified period. This indicator helps traders identify periods of high and low volatility, enabling them to make more informed trading decisions.
The indicator is based on the concept of Donchian channels, which consist of the highest high and lowest low over a specified lookback period. The channel width is calculated as the difference between the upper and lower channels. A wider channel indicates higher volatility, suggesting potentially larger price movements and increased trading opportunities. On the other hand, a narrower channel suggests lower volatility, indicating a relatively calmer market environment with potentially fewer trading opportunities.
The adaptive aspect of the indicator refers to its ability to adjust the width of the channels dynamically based on market conditions. The indicator calculates the width of the channels using the Average True Range (ATR) indicator, which measures the average range of price movements over a specified period. By multiplying the ATR value with the user-defined ATR multiplier, the indicator adapts the width of the channels to reflect the current level of volatility. During periods of higher volatility, the channels expand to accommodate larger price movements, providing a broader range for assessing volatility. Conversely, during periods of lower volatility, the channels contract, reflecting the narrower price ranges and signaling a decrease in volatility. This adaptive nature allows traders to have a flexible and responsive measure of volatility, ensuring that the indicator reflects the current market conditions accurately.
To provide further insights, the indicator includes a signal line. The signal line is derived from the channel width and is calculated as a simple moving average over a specified signal period. This signal line acts as a reference level, allowing traders to compare the current channel width with the average width over a given time frame. By assessing whether the current channel width is above or below the signal line, traders can gain additional context on the volatility level in the market.
The colors used in the Donchian Volatility Indicator - Adaptive Channel Width play a vital role in visualizing the volatility levels:
-- Lime Color : When the channel width is above the signal line, it is colored lime. This color signifies that volatility has entered the market, indicating potentially higher price movements and increased trading opportunities. Traders can pay closer attention to the lime-colored channel width as it may suggest favorable conditions for trend-following or breakout trading strategies.
-- Fuchsia Color : When the channel width is below the signal line, it is colored fuchsia. This color represents relatively low volatility, suggesting a calmer market environment with potentially fewer trading opportunities. Traders may consider adjusting their strategies during periods of low volatility, such as employing range-bound or mean-reversion strategies.
-- Aqua Color : The signal line is represented by the aqua color. This color allows traders to easily identify the signal line amidst the channel width. The aqua color provides a visual reference for the average channel width and helps traders assess whether the current width is above or below this average.
The Donchian Volatility Indicator - Adaptive Channel Width has several practical applications for traders:
-- Volatility Assessment : Traders can use this indicator to assess the level of volatility in the market. By observing the width of the Donchian channels and comparing it to the signal line, they can determine whether the current volatility is relatively high or low. This information helps traders set appropriate expectations and adjust their trading strategies accordingly.
-- Breakout Trading : Wide channel widths may indicate an increased likelihood of price breakouts. Traders can use the Donchian Volatility Indicator - Adaptive Channel Width to identify potential breakout opportunities. When the channel width exceeds the signal line, it suggests a higher probability of significant price movements, potentially signaling a breakout. Traders may consider entering trades in the direction of the breakout.
-- Risk Management : The indicator can assist in setting appropriate stop-loss levels based on the current volatility. During periods of high volatility (lime-colored channel width), wider stop-loss orders may be warranted to account for larger price swings. Conversely, during periods of low volatility (fuchsia-colored channel width), narrower stop-loss orders may be appropriate to limit risk in a more range-bound market.
While the Donchian Volatility Indicator - Adaptive Channel Width is a valuable tool, it is important to consider its limitations:
-- Lagging Indicator : The indicator relies on historical price data, making it a lagging indicator. It provides insights based on past price movements and may not capture sudden changes or shifts in volatility. Traders should be aware that the indicator may not generate real-time signals and should be used in conjunction with other indicators and analysis tools.
-- False Signals : Like any technical indicator, the Donchian Volatility Indicator - Adaptive Channel Width is not immune to generating false signals. Traders should exercise caution and use additional analysis to confirm the signals generated by the indicator. Considering the broader market context and employing risk management techniques can help mitigate the impact of false signals.
-- Market Conditions : Market conditions can vary, and volatility levels can differ across different assets and timeframes. Traders should adapt their strategies and consider other market factors when interpreting the signals provided by the indicator. It is crucial to avoid relying solely on the indicator and to incorporate a comprehensive analysis of the market environment.
In conclusion, this indicator is a powerful tool for assessing market volatility. By examining the width of the Donchian channels and comparing it to the signal line, traders can gain insights into the level of volatility and adjust their trading strategies accordingly. The color-coded representation of the channel width and signal line allows for easy visualization and interpretation of the volatility dynamics. Traders should utilize this indicator as part of a broader trading approach, incorporating other technical analysis tools and considering market conditions for a comprehensive assessment of market volatility.
SuperBollingerTrend (Expo)█ Overview
The SuperBollingerTrend indicator is a combination of two popular technical analysis tools, Bollinger Bands, and SuperTrend. By fusing these two indicators, SuperBollingerTrend aims to provide traders with a more comprehensive view of the market, accounting for both volatility and trend direction. By combining trend identification with volatility analysis, the SuperBollingerTrend indicator provides traders with valuable insights into potential trend changes. It recognizes that high volatility levels often accompany stronger price momentum, which can result in the formation of new trends or the continuation of existing ones.
█ How Volatility Impacts Trends
Volatility can impact trends by expanding or contracting them, triggering trend reversals, leading to breakouts, and influencing risk management decisions. Traders need to analyze and monitor volatility levels in conjunction with trend analysis to gain a comprehensive understanding of market dynamics.
█ How to use
Trend Reversals: High volatility can result in more dramatic price fluctuations, which may lead to sharp trend reversals. For example, a sudden increase in volatility can cause a bullish trend to transition into a bearish one, or vice versa, as traders react to significant price swings.
Volatility Breakouts: Volatility can trigger breakouts in trends. Breakouts occur when the price breaks through a significant support or resistance level, indicating a potential shift in the trend. Higher volatility levels can increase the likelihood of breakouts, as they indicate stronger market momentum and increased buying or selling pressure. This indicator triggers when the volatility increases, and if the price is near a key level when the indicator alerts, it might trigger a great trend.
█ Features
Peak Signal Move
The indicator calculates the peak price move for each ZigZag and displays it under each signal. This highlights how much the market moved between the signals.
Average ZigZag Move
All price moves between two signals are stored, and the average or the median is calculated and displayed in a table. This gives traders a great idea of how much the market moves on average between two signals.
Take Profit
The Take Profit line is placed at the average or the median price move and gives traders a great idea of what they can expect in average profit from the latest signals.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Trap Trading - SwaGThis is an intraday indicator
Set timeframe to 5 min
Take long entry on the high brakes of selling traps
Take short entry on the low brakes of buying traps
ignore traps left to red zones
Use the nearest trap
take profit/loss on a 1:2 risk-to-reward basis.
Trap Trading
Trap trading is a trading strategy that seeks to profit from false breakouts in financial markets. This strategy is based on the idea that when the market breaks through a key level of support or resistance, many traders will take that as a signal to enter or exit trades, causing the price to move further in the breakout direction.
However, in some cases, the market will quickly reverse course and move in the opposite direction, trapping those traders who entered the trade based on the breakout. This can create a trading opportunity for those who are able to identify the false breakout and trade in the opposite direction.
The trap trading strategy typically involves identifying a key level of support or resistance on a price chart and then waiting for the market to break through that level. If the price continues to move in the breakout direction, the trader may enter a trade in that direction with a stop loss set just below the breakout level.
However, if the market quickly reverses and moves back below the breakout level, the trader may enter a trade in the opposite direction with a stop loss set just above the breakout level. The idea is to take advantage of the trapped traders who entered the trade based on the false breakout, and profit from the market's reversal.
As with any trading strategy, there are risks and potential drawbacks to trap trading. False breakouts can be difficult to identify, and there is always the risk that the market will continue to move in the breakout direction, resulting in losses for the trader. Additionally, trap trading requires a solid understanding of technical analysis and market trends, which may take time and experience to develop.
V Bottom & V Top Pattern [Misu]█ This indicator shows V bottom & V top patterns as well as potential V bottom & V top.
These V bottom & V top are chart powerful reversal patterns.
They appear in all markets and time-frames, but due to the nature of the aggressive moves that take place when a market reverses direction, it can be difficult to identify this pattern in real-time.
To address this problem, I added potential V pattern as well as the confirmed one.
█ Usages:
You can use V top & V bottoms for reversal zones.
You can use it for scalping strategies, as a main buy & sell signal.
Potential V patterns can be used to anticipate the market, in addition to volatility or momentum indicators, for example.
█ How it works?
This indicator uses pivot points to determine potential V patterns and confirm them.
Paramaters are available to filter breakouts of varying strengths.
Patterns also have a "max number bars" to be validated.
█ Why a Strategy type indicator?
Due to the many different parameters, this indicator is a strategy type.
This way you can overview the best settings depending on your pair & timeframe.
Parameters are available to filter.
█ Parameters:
Deviation: Parameter used to calculate parameters.
Depth: Parameter used to calculate parameters.
Confirmation Type: Type of signal used to confirme the pattern.
> Mid Pivot: pattern will confirm on mid pivot breakout.
> Opposit Pivot: pattern will confirm on opposit pivot breakout.
> No confirmation: no confirmation.
Lenght Avg Body: Lenght used to calculate the average body size.
First Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout of potential V pattern.
Confirmation Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout for the confirmation.
Max Bars Confirmation: The maximum number of bars needed to validate the pattern.
Initial Balance SMC-V3
Initial Balance SMC-V3 – An Advanced Mean Reversion Indicator for Index Markets
The Initial Balance SMC-V3 indicator is the result of continuous refinement in mean reversion trading, with a specific focus on index markets (such as DAX, NASDAQ, S&P 500, etc.). Designed for high-liquidity environments with controlled volatility, it excels at precisely identifying value zones and statistical reversal points within market structure.
🔁 Mean Reversion at Its Core
At the heart of this indicator lies a robust mean reversion logic: rather than chasing extreme breakouts, it seeks returns toward equilibrium levels after impulsive moves. This makes it especially effective in ranging markets or corrective phases within broader trends—situations where many traders get caught in false breakouts.
🎯 Signals Require Breakout + Confirmation
Signals are never generated impulsively. Instead, they require a clear sequence of confirmations:
Break of a key level (e.g., Initial Balance high/low or an SMC zone);
Price re-entry into the range accompanied by a crossover of customizable moving averages (SMA, EMA, HULL, TEMA, etc.);
RSI filter to avoid entries in overbought/oversold extremes;
Volatility filter (ATR) to skip low-volatility, choppy conditions.
This multi-layered approach drastically reduces false signals and significantly improves trade quality.
📊 Built-in Multi-Timeframe Analysis
The indicator features native multi-timeframe logic:
H1 / 15-minute charts: for structural analysis and identification of Supply & Demand zones (SMC);
M1 / M5 charts: for precise trade execution, with targeted entries and dynamic risk management.
SMC zones are calculated on higher timeframes (e.g., 4H) to ensure structural reliability, while actual trade signals trigger on lower timeframes for maximum precision.
⚙️ Advanced Customization
Full choice of moving average type (SMA, EMA, WMA, RMA, VWMA, HULL, TEMA, ZLEMA, etc.);
Revenge Trading logic: after a stop loss is hit without reaching the 1:1 breakeven level, the indicator automatically prepares for a counter-trade;
Dynamic ATR-based stop loss with customizable multiplier;
Session filters to trade only during optimal liquidity windows (e.g., European session).
🧠 Who Is It For?
This indicator is ideal for traders who:
Primarily trade indices;
Prefer mean reversion strategies over pure trend-following;
Seek a disciplined, rule-based system with multiple confluence filters;
Use a multi-timeframe approach to separate analysis from execution.
In short: Initial Balance SMC-V3 is more than just an indicator—it’s a complete trading framework for mean reversion on index markets, where every signal emerges from a confluence of statistical, structural, and temporal factors.
Happy trading! 📈
VOLUME Full [Titans_Invest]VOLUME Full
Designed for traders who want to take volume analysis to the next level.
This version delivers deeper insight into volume activity, integrating multiple customizable filters to highlight key buying and selling pressure. It's a comprehensive solution for volume-based decision-making.
⯁ WHAT IS THE VOLUME❓
The Volume indicator is a fundamental technical analysis tool that measures the number of shares or contracts traded in a security or market during a given period. It helps traders and investors understand the strength or weakness of a price movement, confirm trends, and predict potential reversals. Volume is typically displayed as a histogram below a price chart, with each bar representing the volume traded during a specific time interval.
⯁ HOW TO USE THE VOLUME❓
The Volume indicator can be used in several ways to enhance trading decisions:
• Trend Confirmation: High volume during a price move confirms the strength of that trend, while low volume can indicate a weak or unsustainable trend.
• Breakouts: A price breakout from a pattern or range accompanied by high volume is more likely to be valid and sustainable.
• Divergence: When the price moves in one direction and volume moves in the opposite direction, it can signal a potential reversal.
• Overbought/Oversold Conditions: Extreme volume levels can sometimes indicate that an asset is overbought or oversold, though this is less straightforward than with oscillators like the RSI.
⯁ ENTRY CONDITIONS
The conditions below are fully flexible and allow for complete customization of the signal.
______________________________________________________
🔹 CONDITIONS TO BUY 📈
______________________________________________________
▪︎ Signal Validity: The signal will remain valid for X bars .
▪︎ Signal Sequence: Configurable as AND or OR .
🔹 volume Positive
🔹 volume Negative
🔹 volume > volume
🔹 volume < volume
🔹 volume > volume_MA
🔹 volume > volume_MA * Trigger Signal (close > open)
🔹 volume > volume_MA * Trigger Signal (Keep State P)
🔹 volume > volume_MA * Trigger Signal (close < open)
🔹 volume > volume_MA * Trigger Signal (Keep State N)
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🔸 CONDITIONS TO SELL 📉
______________________________________________________
▪︎ Signal Validity: The signal will remain valid for X bars .
▪︎ Signal Sequence: Configurable as AND or OR .
🔸 volume Positive
🔸 volume Negative
🔸 volume > volume
🔸 volume < volume
🔸 volume > volume_MA
🔸 volume > volume_MA * Trigger Signal (close > open)
🔸 volume > volume_MA * Trigger Signal (Keep State P)
🔸 volume > volume_MA * Trigger Signal (close < open)
🔸 volume > volume_MA * Trigger Signal (Keep State N)
______________________________________________________
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🤖 AUTOMATION 🤖
• You can automate the BUY and SELL signals of this indicator.
______________________________________________________
______________________________________________________
⯁ UNIQUE FEATURES
______________________________________________________
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Displays Positive & Negative Volume.
Automate and Monitor Signals/Alerts: BUY/SELL
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Table of Conditions: BUY/SELL
Conditions Label: BUY/SELL
Plot Labels in the graph above: BUY/SELL
Displays Positive & Negative Volume.
Automate & Monitor Signals/Alerts: BUY/SELL
______________________________________________________
📜 SCRIPT : VOLUME Full
🎴 Art by : @Titans_Invest & @DiFlip
👨💻 Dev by : @Titans_Invest & @DiFlip
🎑 Titans Invest — The Wizards Without Gloves 🧤
✨ Enjoy!
______________________________________________________
o Mission 🗺
• Inspire Traders to manifest Magic in the Market.
o Vision 𐓏
• To elevate collective Energy 𐓷𐓏
4-Hour Range HighlighterThe 4-Hour Range Highlighter is a powerful visual analysis tool designed for traders operating on lower timeframes (like 5m, 15m, or 1H). It overlays the critical price range of the 4-hour (4H) candlestick onto your chart, providing immediate context from a higher timeframe. This helps you align your intraday trades with the dominant higher-timeframe structure, identifying key support and resistance zones, breakouts, and market volatility at a glance.
Key Features:
Visual Range Overlay: Draws a semi-transparent colored background spanning the entire High and Low of each 4-hour period.
Trend-Based Coloring: Automatically colors the range based on the 4H candle's direction:
Green: Bullish 4H candle (Close > Open)
Red: Bearish 4H candle (Close < Open)
Blue: Neutral 4H candle (Close = Open)
Customizable High/Low Lines: Optional, subtle lines plot the exact high and low of the 4H bar, acting as dynamic support/resistance levels.
Fully Customizable: Easily change colors and toggle visual elements on/off in the settings to match your chart's theme.
How to Use It:
Identify Key Levels: The top and bottom of the shaded area represent significant intraday support and resistance. Watch for price reactions at these levels.
Trade in Context: Use the trend color to gauge sentiment. For example, look for buy opportunities near the low of a bullish (green) 4H range.
Spot Breakouts: A strong candle closing above the high or below the low of the current 4H range can signal a continuation or the start of a new strong move.
Gauge Volatility: A large shaded area indicates a high-volatility 4H period. A small area suggests consolidation or low volatility.
Settings:
Visual Settings: Toggle the background and choose colors for Bullish, Bearish, and Neutral ranges.
Line Settings: Toggle the high/low lines and customize their colors.
Note: This is a visual aid, not a standalone trading system. It provides context but does not generate buy/sell signals. Always use it in conjunction with your own analysis and risk management.
Perfect for Day Traders, Swing Traders, and anyone who needs higher-timeframe context on their chart!
How to Use / Instructions:
After adding the script to your chart, open the settings menu (click on the indicator's name and then the gear icon).
In the "Inputs" tab, you will find two groups: "Visual Settings" and "Line Settings".
In Visual Settings, you can:
Toggle Show 4H Range Background on/off.
Change the Bullish Color, Bearish Color, and Neutral Color for the transparent background.
In Line Settings, you can:
Toggle Show High/Low Lines on/off.
Change the line colors for each trend type.
Adjust the colors to your preference. The default settings use transparency for a clean look that doesn't clutter the chart.
Confluence StackPlease read the instructions below. The code was mostly written using AI so may contain errors. Happy trading all and good luck. ATB Richard
INTENDED USE
This indicator is designed for technical traders who want to move beyond simple buy/sell signals and gain a deeper understanding of the underlying market dynamics. It is ideal for trend followers, swing traders, and anyone looking to confirm the quality of a trend.
WHO IS THIS FOR?
Traders who want to differentiate between strong, sustainable trends and weak, unreliable moves.
Analysts looking to identify high-conviction setups backed by multiple factors (e.g., momentum confirmed by volume).
Discretionary traders who need a quick, visual tool to gauge market sentiment and avoid choppy conditions.
WHY USE IT?
Traditional indicators often give conflicting signals. The Confluence Stack solves this by aggregating multiple perspectives into one clear visual. It helps you answer not just "Is the market going up?" but "WHY is it going up, and how strong is the conviction?". This allows for more informed decision-making and helps filter out low-probability trades.
DISCLAIMER AND LICENSE
This script is for educational purposes only and is not a recommendation to buy or sell any financial instrument. All trading and investment decisions are the sole responsibility of the user. Trading involves significant risk.
This source code is subject to the terms of the Mozilla Public License 2.0 at www.mozilla.org
HOW TO USE THIS INDICATOR
This indicator is designed to show the 'character' of a market move by grouping signals into distinct categories. Instead of seeing many individual signals, you see the strength of the underlying forces driving the price.
1. READ THE HEIGHT (Strength of Confluence)
The total height of the stack shows the strength of agreement. A tall stack means many signals are aligned, indicating a high-conviction move. A short stack means weak agreement and a choppy, indecisive market.
2. READ THE COLOR (Character of the Move)
The colors tell you WHY the market is moving.
BLUE (Momentum): A stack of mostly blue shades indicates a trend driven by pure momentum. This is the 'speed' of the market.
RSI (Relative Strength Index): Measures the magnitude of recent price gains versus losses. A smooth measure of trend strength.
Stochastic Oscillator: Measures the current closing price's position within the recent high-low range. More sensitive to immediate price action.
CCI (Commodity Channel Index): Measures the price's deviation from its moving average. Excels at identifying cyclical turns.
MACD (Moving Average Convergence Divergence): A trend-following momentum indicator showing the relationship between two moving averages. Excellent for identifying the start and end of trends.
YELLOW (Volume): The appearance of yellow shades confirms the move is supported by high market participation. This is the 'fuel' for the trend.
Volume Ratio: A custom signal that triggers when buy or sell volume is unusually high compared to its recent average.
CRV (Candle Range Volume): A custom signal that looks for candles with significant price range and volume.
OBV (On-Balance Volume): A cumulative indicator that adds volume on up days and subtracts it on down days. It shows the long-term flow of money.
FUCHSIA (Volatility): A fuchsia block signals a volatility breakout. This adds a sense of urgency and confirms the price is moving with exceptional force.
Bollinger Bands: A signal triggers when the price closes outside of the upper or lower standard deviation bands.
ORANGE (Price Action): An orange block is a pure price structure signal. It's a raw statement of intent from the market.
Price Gap: A signal that triggers when there's a gap up or gap down between candles.
3. READ THE TRANSITION (Shift in Sentiment)
The most important signal from the stacks is the flip from one side of the zero line to the other.
Flipping from Negative to Positive: A bearish stack disappears and is replaced by a bullish stack. This indicates market sentiment is shifting from bearish to bullish.
Flipping from Positive to Negative: A bullish stack disappears and is replaced by a bearish stack. This warns of a potential top or the start of a new downtrend.
4. FILTER FOR NOISE (Plot Threshold)
In choppy markets, the stack can flicker with low signal counts (e.g., +1 or -1). To focus only on high-conviction moves, go to the indicator settings and increase the "Plot Threshold". A setting of 2 or 3 will hide all stacks that don't have at least 2 or 3 agreeing signals, effectively filtering out market noise and keeping your chart clean.
5. CUSTOMIZE YOUR SIGNALS (Enable/Disable)
This indicator is fully customizable. In the settings, you can enable or disable each of the 9 indicators individually. For example, if you are a pure momentum trader, you could disable all Volume, Volatility, and Price Action signals to focus only on the blue stacks. Tailor it to fit your specific trading style.
EXAMPLE INTERPRETATIONS
Strong, Confirmed Trend: A tall stack of mostly blue (Momentum) and yellow (Volume) indicates a high-quality trend backed by both speed and market participation.
Momentum-Only Trend: A tall stack of only blue is a strong momentum move, but the lack of yellow (Volume) is a warning that the move may lack the "fuel" to be sustained.
Choppy/Indecisive Market: A short, mixed-color stack flickering around the zero line means the market is choppy with no clear conviction. It's often best to stay out.
Volatility Breakout: A new stack that appears suddenly with a fuchsia (Bollinger Bands) block on its first bar suggests a volatility-driven breakout is initiating.
Exhaustion Move: An orange (Price Gap) block appearing at the peak of a tall, long-standing stack can signal an exhaustion gap, potentially marking the end of the trend.
Weakening Conviction (Divergence): If price makes a new high but the positive stack is visibly shorter than the stack at the previous price high, it suggests underlying conviction is weakening.
Symmetrical Triangle Strategy (Real and Trap confirmation)Overview
This is an advanced strategy that not only detects symmetrical triangle patterns but also attempts to differentiate between a genuine breakout and a false breakout (a trap) to trade accordingly.
Instead of blindly following every breakout, it analyzes the "quality" of the move using Volume and RSI filters. If the breakout appears weak, it prepares to trade in the opposite direction, capitalizing on the pattern's failure.
How It Works
The strategy employs a dual logic that activates after the price breaks the last pivot (H3 or L3):
1. Scenario A: The Real Breakout
* If the price breaks the triangle AND the breakout is confirmed by a surge in volume and/or a favorable RSI, the strategy considers the move genuine and enters in the direction of the breakout.
2. Scenario B: The False Breakout (Trap)
* If the price breaks the triangle BUT the indicators fail to confirm it (e.g., low volume), the strategy interprets it as a potential trap.
* It waits for the price to return inside the pattern.
* Once the price has re-entered, it opens a trade AGAINST the initial breakout, betting that the first move was a fake-out.
Key Features
* Hybrid Logic: It's not just a simple breakout strategy; it adapts to market conditions.
* Confirmation Filters: Uses Volume and RSI to validate the strength of a breakout (fully configurable).
* Capitalizes on Traps: Its greatest strength is the ability to identify and trade false breakouts, a common market scenario.
* Optional Confirmation: For trap trades, an extra confirmation via an EMA crossover can be enabled for added safety.
* Opportunity Timeout: Potential traps have a time limit to be confirmed, preventing the strategy from getting stuck in an undecided scenario.
Important Disclaimer
This strategy is designed as an entry system and DOES NOT INCLUDE A STOP LOSS OR TAKE PROFIT.
Automation Ready
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