Demand and Supply Zones Intraday Strategy(SAMARESH PANDA)Explanation:
Input Parameters:
length: Determines the number of bars to look back for identifying the highest and lowest prices to mark demand and supply zones.
zoneBuffer: A buffer in pips to place the stop and limit orders near the identified demand and supply zones.
Demand and Supply Zones:
The script identifies demand zones as the lowest low over the past length bars and supply zones as the highest high over the same period.
Buy (Long) Condition:
A buy signal is generated when the price crosses above the demand zone from below and the price closes above the demand zone.
Sell (Short) Condition:
A sell signal is generated when the price crosses below the supply zone from above and the price closes below the supply zone.
Stop and Limit Orders:
For long trades, the stop is placed just below the demand zone (zoneBuffer), and the limit is placed just above the demand zone.
For short trades, the stop is placed just above the supply zone (zoneBuffer), and the limit is placed just below the supply zone.
Exit Conditions:
The long position is closed when the price moves above the supply zone.
The short position is closed when the price moves below the demand zone.
Additional Notes:
Customization: You can modify the length and zoneBuffer values to adjust how sensitive the strategy is to price action and the zone buffers.
Risk Management: You may want to add additional filters for volume, indicators like RSI/MACD, or other market conditions to filter out false signals.
Testing & Optimization: As with any strategy, it's important to backtest and optimize it according to your preferred market conditions and risk tolerance.
Using the Strategy:
Apply the script to a 1-hour or 30-minute chart for identifying the demand and supply zones.
For better precision in entry, you can switch to a lower timeframe (like 5-minute or 15-minute) to execute your trades more accurately when the price reaches a demand or supply zone.
The buy and sell signals will appear on the chart as green (BUY) and red (SELL) labels.
Example of Execution:
Long Entry: The price closes above the demand zone and crosses up. A long position is opened with a stop below the demand zone and a limit near it.
Short Entry: The price closes below the supply zone and crosses down. A short position is opened with a stop above the supply zone and a limit near it.
This strategy works best in trending markets where price tends to respect these zones. Make sure to monitor the strategy closely and adjust it based on market volatility or changes in the broader trend.
You said:
create a pine script pivot point standard for buy sell
ChatGPT said:
ChatGPT
Sure! Below is a Pine Script that implements the Pivot Point Standard for intraday trading, with buy and sell signals based on the pivot point strategy.
Pivot points are calculated based on the previous day’s high, low, and close prices, and they are widely used in intraday trading to determine potential support and resistance levels.
Sentiment
Intraday Chaos FilterIntraday trading requires precise tools and strategies to navigate the chaotic fluctuations of the market. The "Intraday Chaos Filter" indicator is designed to provide traders with a systematic approach to managing market noise. This Pine Script™ indicator helps identify potential trend shifts and provides a visual representation of price action, aiding in making informed trading decisions. By focusing on reducing market chaos, it aims to provide a clearer picture of the underlying trend, regardless of the volatility.
At the heart of the indicator lies the multiplier input, a customizable setting that adjusts the sensitivity of the filter. The multiplier directly influences the chaos threshold by determining the percentage deviation allowed before signaling a trend reversal. A higher multiplier results in a less sensitive filter, reducing the number of signals during minor price fluctuations. This flexibility allows traders to adapt the indicator to different trading styles and market conditions, making it versatile for a range of intraday strategies.
The "Intraday Chaos Filter" operates by tracking two key price levels: src1 and src2, representing the highest and lowest prices during a trend. These levels are dynamically adjusted based on the closing price, ensuring that the indicator adapts in real time. The trend direction is determined by comparing the current price against a calculated filter level. When the price crosses the threshold in either direction, it signals a potential trend reversal, marked by a change in candle colors on the chart. Green represents an upward trend, while red signifies a downward trend, making it visually intuitive for traders.
This indicator's simplicity and clarity make it a valuable addition to any trader's toolkit. By focusing on trend direction and filtering out minor fluctuations, it helps traders stay focused on significant market movements. The integration of customizable settings ensures adaptability to various trading preferences, providing both novice and experienced traders with a reliable tool for intraday decision-making. The "Intraday Chaos Filter" offers an effective way to navigate market noise, enabling traders to identify opportunities with confidence.
Codi's Perp-Spot Basis# Perp-Spot Basis Indicator
This indicator calculates the percentage basis between perpetual futures and spot prices for crypto assets. It is inspired by the original concept from **Krugermacro**, with the added improvement of **automatic detection of the asset pairs** based on the current chart symbol. This enhancement makes it faster and easier to apply across different assets without manual configuration.
## How It Works
The indicator compares the perpetual futures price (e.g., `BTCUSDT.P`) to the spot price (e.g., `BTCUSDT`) on Binance. The difference is expressed as a percentage: (Perp - Spot) / Spot * 100
The results are displayed in a color-coded graph:
- **Blue (Positive Basis):** Perpetual futures are trading at a premium, indicating **bullish sentiment** among derivatives traders.
- **Red (Negative Basis):** Perpetual futures are trading at a discount, indicating **bearish sentiment** among derivatives traders.
This percentage basis is a core component in understanding funding rates and derivatives market dynamics. It serves as a faster proxy for funding rates, which typically lag behind real-time price movements.
---
## How to Use It
### General Concept
- **Red (Negative Basis):** Ideal to execute **longs** when derivatives traders are overly bearish.
- **Blue (Positive Basis):** Ideal to execute **shorts** when derivatives traders are overly bullish.
### Pullback Sniping
1. During an **uptrend**:
- If the basis turns **red** temporarily, it can signal an opportunity to **buy the dip**.
2. During a **downtrend**:
- If the basis turns **blue** temporarily, it can signal an opportunity to **sell the rip**.
3. Wait for the basis to **pop back** (higher in uptrend, lower in downtrend) to time entries more effectively—this often coincides with **stop runs** or **liquidations**.
### Intraday Execution
- **When price is falling**:
- If the basis is **red**, the move is derivatives-led (**normal**).
- If the basis is **blue**, spot traders are leading, and perps are offside—wait for **price dumps** before longing.
- **When price is rising**:
- If the basis is **blue**, the move is derivatives-led (**normal**).
- If the basis is **red**, spot traders are leading, and perps are offside—wait for **price pops** before shorting.
### Larger Time Frames
- **Consistently Blue Basis:** Indicates a **bull market** as derivatives traders are bullish over the long term.
- **Consistently Red Basis:** Indicates a **bear market** as derivatives traders are bearish over the long term.
---
## Improvements Over the Original
This version of the Perp-Spot Basis indicator **automatically detects the Binance perpetual futures and spot pairs** based on the current chart symbol. For example:
- If you are viewing `ETHUSDT`, it automatically references `ETHUSDT.P` for the perpetual futures pair and `ETHUSDT` for the spot pair in BINANCE.
Robinhood Crypto Combined Volume Tracker
This indicator provides a comprehensive visualization of the combined trading volume for all cryptocurrency pairs available on Robinhood, tailored to the selected region (USA or Europe). The chart dynamically updates based on your selected region, providing actionable insights into market activity.
Features:
Dynamic Region Selection: Toggle between USA and Europe to display the relevant trading pairs for your region.
Combined Volume Visualization: Aggregates and plots the total trading volume for all selected cryptocurrency pairs.
Dynamic Background: Background color changes based on the selected region for visual clarity.
Real-Time Debug Label: Displays the selected region and current total combined volume on the latest bar.
Color-Coded Chart: Distinct plot colors for USA (blue) and Europe (green) to easily identify the region.
Use Cases:
Market Trends: Monitor total crypto market activity to gauge investor interest and trading momentum in different regions.
Region-Specific Analysis: Compare trading behavior between USA and Europe by switching regions.
Volume Comparisons: Assess market strength by observing changes in combined volume over time.
How to Use:
Select your desired region (USA/Europe) using the "Select Region" dropdown.
View the combined trading volume plot on the chart.
Use the background color and chart plot for quick identification of region-specific data.
Notes:
The combined volume calculation is based on the daily timeframe (D) and updates dynamically.
Ensure the selected region matches your area of interest to get accurate insights.
This indicator is ideal for traders looking to analyze and compare crypto trading activity across regions in a consolidated view.
India VIXThe VIX chart represents the Volatility Index, commonly referred to as the "Fear Gauge" of the stock market. It measures the market's expectations of future volatility over the next 30 days, based on the implied volatility of NSE index options. The VIX is often used as an indicator of investor sentiment, reflecting the level of fear or uncertainty in the market.
Here’s a breakdown of what you might observe on a typical VIX chart:
VIX Value: The y-axis typically represents the VIX index value, with higher values indicating higher levels of expected market volatility (more fear or uncertainty), and lower values signaling calm or stable market conditions.
VIX Spikes: Large spikes in the VIX often correspond to market downturns or periods of heightened uncertainty, such as during financial crises or major geopolitical events. A high VIX is often associated with a drop in the stock market.
VIX Drops: A decline in the VIX indicates a reduction in expected market volatility, usually linked with periods of market calm or rising stock prices.
Trend Analysis: Technical traders might use moving averages or other indicators on the VIX chart to assess the potential for future market movements.
Inverse Relationship with the Stock Market: Typically, there is an inverse correlation between the VIX and the stock market. When stocks fall sharply, volatility increases, and the VIX tends to rise. Conversely, when the stock market rallies or remains stable, the VIX tends to fall.
A typical interpretation would be that when the VIX is low, the market is relatively stable, and when the VIX is high, the market is perceived to be uncertain or volatile.
Internals Elite NYSE [Beta]Overview:
This indicator is designed to provide traders with a quick overview of key market internals and metrics in a single, easy-to-read table displayed directly on the chart. It incorporates a variety of metrics that help gauge market sentiment, momentum, and overall market conditions.
The table dynamically updates in real-time and uses color-coding to highlight significant changes or thresholds, allowing traders to quickly interpret the data and make informed trading decisions.
Features:
Market Internals:
TICK: Measures the difference between the number of stocks ticking up versus those ticking down on the NYSE. Green or red background indicates if it crosses a user-defined threshold.
Advance/Decline (ADD): Shows the net number of advancing versus declining stocks on the NYSE. Color-coded to show positive, negative, or neutral conditions.
Volatility Metrics:
VIX Change (%): Displays the percentage change in the Volatility Index (VIX), a key gauge of market fear or complacency. Color-coded for direction.
VIX Price: Displays the current VIX price with thresholds to indicate low, medium, or high volatility.
Other Market Metrics:
DXY Change (%): Percentage change in the US Dollar Index (DXY), indicating dollar strength or weakness.
VWAP Deviation (%): Percentage of stocks above VWAP (Volume Weighted Average Price), helping traders assess intraday buying and selling pressure.
Asset-Specific Metrics:
BTCUSD Change (%): Percentage change in Bitcoin (BTC) price, useful for monitoring cryptocurrency sentiment.
SPY Change (%): Percentage change in the S&P 500 ETF (SPY), a proxy for the overall stock market.
Current Ticker Change (%): Percentage change in the currently selected ticker on the chart.
US10Y Change (%): Percentage change in the yield of the 10-Year US Treasury Note (TVC:US10Y), an important macroeconomic indicator.
Customizable Appearance:
Adjustable text size to suit your chart layout.
User-defined thresholds for key metrics (e.g., TICK, ADD, VWAP, VIX).
Dynamic Table Placement:
You can position the table anywhere on the chart: top-right, top-left, bottom-right, bottom-left, middle-right, or middle-left.
How to Use:
Add the Indicator to Your Chart:
Apply the indicator to your chart from the Pine Script editor in TradingView.
Customize the Inputs:
Adjust the thresholds for TICK, ADD, VWAP, and VIX according to your trading style.
Enable or disable the metrics you want to see in the table by toggling the display options for each metric (e.g., Show TICK, Show BTC, Show SPY).
Set the table placement to your preferred position on the chart.
Interpret the Table:
Look for color-coded cells to quickly identify significant changes or breaches of thresholds.
Positive values are typically shown in green, negative values in red, and neutral/insignificant changes in gray.
Use metrics like TICK and ADD to gauge market breadth and momentum.
Refer to VWAP deviation to assess intraday buying or selling pressure.
Monitor the VIX and US10Y changes to stay aware of macroeconomic and volatility shifts.
Incorporate Into Your Strategy:
Use the indicator alongside technical analysis to confirm setups or identify areas of caution.
Keep an eye on correlated metrics (e.g., VIX and SPY) for broader market context.
Use BTCUSD or DXY as additional indicators of risk-on/risk-off sentiment.
Ideal Users:
Day Traders: Quickly gauge intraday market conditions and momentum.
Swing Traders: Identify broader sentiment shifts using metrics like ADD, DXY, and US10Y.
Macro Investors: Stay updated on key macroeconomic indicators like the 10-Year Treasury yield (US10Y) and the US Dollar Index (DXY).
This indicator serves as a comprehensive tool for understanding market conditions at a glance, enabling traders to act decisively based on the latest data.
JJ Psychological Levels (125 Increments)Psychological Levels Indicator
Description:
The Psychological Levels Indicator is a versatile tool designed for traders to identify key price levels that often act as support or resistance zones in the market. These levels are plotted at regular intervals, customizable by the user, starting from a base price level. This is particularly useful for spotting psychological price points that traders and investors frequently monitor.
Key Features:
1.Dynamic Psychological Levels:
- The script calculates and displays horizontal lines at price levels separated by customizable increments (default: 125 points).
- These levels are dynamically adjusted to the visible range of the chart.
2. Customizable Inputs:
- Starting Level: Set the base level from which increments are calculated (e.g., 0 or 1000).
- Step Size: Define the interval between levels (e.g., 125 for indices like Bank NIFTY).
3. Visual Representation:
- Horizontal lines are drawn at each psychological level, helping traders quickly identify key zones.
- Labels are placed next to each level, displaying the corresponding price for easy reference.
4. Application Across Instruments:
- This indicator works seamlessly with various asset classes, including stocks, indices, forex, and cryptocurrencies.
How to Use:
1.Identify Key Price Zones:
- Use the plotted psychological levels to spot areas where price action is likely to react.
- Levels such as 1125, 1250, and 1375 (for a step size of 125) are visually highlighted.
2. Plan Trades Around Key Levels:
- These levels can act as support/resistance or breakout points, providing opportunities for entry, exit, and stop-loss placement.
3. Customizable Settings:
- Adjust the starting level and step size to tailor the indicator to your trading instrument or strategy.
Why Psychological Levels Matter:
Psychological levels are widely followed by traders and often coincide with key market turning points due to their significance in human behavior and market psychology. They are frequently used by institutional traders, making them valuable reference points for intraday and swing trading.
Custom Settings:
- **Starting Level:** Default: `0`
- **Step Size:** Default: `125`
Disclaimer:
This indicator is a technical analysis tool and is not intended to provide financial advice. Always combine it with other indicators and perform your due diligence before making trading decisions.
Choppiness Index (levels)This Pine Script is a Choppiness Index Indicator with gradient visual enhancements. The Choppiness Index is a technical analysis tool that measures the "choppiness" or sideways movement of the market. It ranges from 0 to 100, where higher values indicate a more consolidated or sideways market, and lower values suggest a trending market.
Key Features:
Choppiness Index Calculation:
The script calculates the Choppiness Index based on the Average True Range (ATR) and the highest and lowest prices over a user-defined period (length).
Visual Bands:
Horizontal dashed lines are drawn at levels 55 (Upper Band), 50 (Middle Band), and 45 (Lower Band) to define key levels for interpreting the indicator.
Gradient Fills:
A blue fill is applied between the upper and lower bands (45–55) for visual clarity.
Dynamic gradients are applied to the areas:
Above the Upper Band (55–100): A green gradient fill where the color intensity increases with higher values.
Below the Lower Band (0–45): A red gradient fill where the color intensity increases with lower values.
Offset Option:
The offset input allows users to shift the Choppiness Index plot horizontally for visualization or alignment purposes.
Usage:
This indicator helps traders quickly assess market conditions:
Values above 55 indicate a choppy, non-trending market.
Values below 45 indicate a trending market.
The gradient fills make it easier to spot extreme conditions visually.
Customization:
Users can adjust:
length: The calculation period for the Choppiness Index.
offset: Horizontal shift of the Choppiness Index plot.
The gradient colors (green and red) and transparency levels are customizable in the script.
This enhanced visualization is ideal for traders who want a clear and intuitive representation of market choppiness, combined with visually striking gradient fills for quick analysis of market conditions.
NVOL Normalized Volume & VolatilityOVERVIEW
Plots a normalized volume (or volatility) relative to a given bar's typical value across all charted sessions. The concept is similar to Relative Volume (RVOL) and Average True Range (ATR), but rather than using a moving average, this script uses bar data from previous sessions to more accurately separate what's normal from what's anomalous. Compatible on all timeframes and symbols.
Having volume and volatility processed within a single indicator not only allows you to toggle between the two for a consistent data display, it also allows you to measure how correlated they are. These measurements are available in the data table.
DATA & MATH
The core formula used to normalize each bar is:
( Value / Basis ) × Scale
Value
The current bar's volume or volatility (see INPUTS section). When set to volume, it's exactly what you would expect (the volume of the bar). When set to volatility, it's the bar's range (high - low).
Basis
A statistical threshold (Mean, Median, or Q3) plus a Sigma multiple (standard deviations). The default is set to the Mean + Sigma × 3 , which represents 99.7% of data in a normal distribution. The values are derived from the current bar's equivalent in other sessions. For example, if the current bar time is 9:30 AM, all previous 9:30 AM bars would be used to get the Mean and Sigma. Thus Mean + Sigma × 3 would represent the Normal Bar Vol at 9:30 AM.
Scale
Depends on the Normalize setting, where it is 1 when set to Ratio, and 100 when set to Percent. This simply determines the plot's scale (ie. 0 to 1 vs. 0 to 100).
INPUTS
While the default configuration is recommended for a majority of use cases (see BEST PRACTICES), settings should be adjusted so most of the Normalized Plot and Linear Regression are below the Signal Zone. Only the most extreme values should exceed this area.
Normalize
Allows you to specify what should be normalized (Volume or Volatility) and how it should be measured (as a Ratio or Percentage). This sets the value and scale in the core formula.
Basis
Specifies the statistical threshold (Mean, Median, or Q3) and how many standard deviations should be added to it (Sigma). This is the basis in the core formula.
Mean is the sum of values divided by the quantity of values. It's what most people think of when they say "average."
Median is the middle value, where 50% of the data will be lower and 50% will be higher.
Q3 is short for Third Quartile, where 75% of the data will be lower and 25% will be higher (think three quarters).
Sample
Determines the maximum sample size.
All Charted Bars is the default and recommended option, and ignores the adjacent lookback number.
Lookback is not recommended, but it is available for comparisons. It uses the adjacent lookback number and is likely to produce unreliable results outside a very specific context that is not suitable for most traders. Normalization is not a moving average. Unless you have a good reason to limit the sample size, do not use this option and instead use All Charted Bars .
Show Vol. name on plot
Overlays "VOLUME" or "VOLATILITY" on the plot (whichever you've selected).
Lin. Reg.
Polynomial regressions are great for capturing non-linear patterns in data. TradingView offers a "linear regression curve", which this script uses as a substitute. If you're unfamiliar with either term, think of this like a better moving average.
You're able to specify the color, length, and multiple (how much to amplify the value). The linear regression derives its value from the normalized values.
Norm. Val.
This is the color of the normalized value of the current bar (see DATA & MATH section). You're able to specify the default, within signal, and beyond signal colors. As well as the plot style.
Fade in colors between zero and the signal
Programmatically adjust the opacity of the primary plot color based on it's normalized value. When enabled, values equal to 0 will be fully transparent, become more opaque as they move away from 0, and be fully opaque at the signal. Adjusting opacity in this way helps make difference more obvious.
Plot relative to bar direction
If enabled, the normalized value will be multiplied by -1 when a bar's open is greater than the bar's close, mirroring price direction.
Technically volume and volatility are directionless. Meaning there's really no such thing as buy volume, sell volume, positive volatility, or negative volatility. There is just volume (1 buy = 1 sell = 1 volume) and volatility (high - low). Even so, visually reflecting the net effect of pricing pressure can still be useful. That's all this setting does.
Sig. Zone
Signal zones make identifying extremes easier. They do not signal if you should buy or sell, only that the current measurement is beyond what's normal. You are able to adjust the color and bounds of the zone.
Int. Levels
Interim levels can be useful when you want to visually bracket values into high / medium / low. These levels can have a value anywhere between 0 and 1. They will automatically be multiplied by 100 when the scale is set to Percent.
Zero Line
This setting allows you to specify the visibility of the zero line to best suit your trading style.
Volume & Volatility Stats
Displays a table of core values for both volume and volatility. Specifically the actual value, threshold (mean, median, or Q3), sigma (standard deviation), basis, normalized value, and linear regression.
Correlation Stats
Displays a table of correlation statistics for the current bar, as well as the data set average. Specifically the coefficient, R2, and P-Value.
Indices & Sample Size
Displays a table of mixed data. Specifically the current bar's index within the session, the current bar's index within the sample, and the sample size used to normalize the current bar's value.
BEST PRACTICES
NVOL can tell you what's normal for 9:30 AM. RVOL and ATR can only tell you if the current value is higher or lower than a moving average.
In a normal distribution (bell curve) 99.7% of data occurs within 3 standard deviations of the mean. This is why the default basis is set to "Mean, 3"; it includes the typical day-to-day fluctuations, better contextualizing what's actually normal, minimizing false positives.
This means a ratio value greater than 1 only occurs 0.3% of the time. A series of these values warrants your attention. Which is why the default signal zone is between 1 and 2. Ratios beyond 2 would be considered extreme with the default settings.
Inversely, ratio values less than 1 (the normal daily fluctuations) also tell a story. We should expect most values to occur around the middle 3rd, which is why interim levels default to 0.33 and 0.66, visually simplifying a given move's participation. These can be set to whatever you like and only serve as visual aids for your specific trading style.
It's worth noting that the linear regression oscillates when plotted directionally, which can help clarify short term move exhaustion and continuation. Akin to a relative strength index (RSI), it may be used to inform a trading decision, but it should not be the only factor.
First 5-Minute Premarket High/Low Break RetestDay trading method that uses the 5 minute candle high and low but trade on the 1 minute chart.
This is a break and retest trading strategy based on the market open 5 minute high and low candle.
Additional levels would be the premarket high and low plotted in blue on the chart. It's not uncommon for the 5 minute to be near the premarket high and low zone.
The break and restest of the 5 minute white lines either to the downside or upside. Once a hammer or long wick candle forms near or touching the retest of the 5 minute line that indicates an entry point.
It's best to have another confirmation for entry such as the 13 and 100 ema cross to confirm good position and risk.
This is a repetable and solid trading strategy. The indicator was created to plot on the 1 and 5 minute charts.
CANDLE RANGE THEORY (H1 Only)Hello traders.
This indicator identifies CRT candles
-Each candle is a range.
-Each candle has its own po3.
-Focus on specific times of the day. By recognizing the importance of time and price, we can capture high-quality trades. Together with HTF PD array, Look for 4-hour candles forming at specific times of the day. (1am - 5am - 9am EST)
-After the 1st candle, wait for the 2nd candle to clear the high/low of the 1st candle and then close inside the 1st candle range at a specific time (1-5-9) and look for entries in the LTF
Why choose 1 5 9 hours EST?
### **1. 1:00 AM (EST)**
- **Trading Session:** This is the time between the Tokyo (Asian) session and the Sydney (Australian) session. The Asian market is very active.
- **Characteristics:**
- Liquidity: Moderate, as only the Asian market is active.
- Volatility: Pairs involving JPY (Japanese Yen), AUD (Australian Dollar), and NZD (New Zealand Dollar) tend to have higher volatility.
- Trading Opportunities: Suitable for traders who like to trade trends or news in the Asian region.
- **Note:** Volatility may be lower than the London or New York session.
### **2. 5:00 AM (EST)**
- **Trading Session:** This is the time near the end of the Tokyo session and the London (European) session is about to open.
- **Characteristics:**
- Liquidity: Starts to increase due to the preparation of the European market.
- Volatility: This is the time between two trading sessions, there can be strong fluctuations, especially in major currency pairs such as EUR/USD, GBP/USD.
- Trading opportunities: Suitable for breakout trading strategies when liquidity increases.
- **Note:** The overlap between Tokyo and London can cause sudden fluctuations.
### **3. 9:00 AM (EST)**
- **Trading sessions:** This time is within the London session and near the beginning of the New York session.
- **Characteristics:**
- Liquidity: Very high, as this is the period between the two largest sessions – London and New York.
- Volatility: Extremely strong, especially for major currency pairs such as EUR/USD, GBP/USD, USD/JPY.
- Trading opportunities: Suitable for both news trading and trend trading, as this is the time when a lot of economic data is released (usually from the US or the European region).
- **Note:** High volatility can bring big profits, but also comes with high risks.
### **Summary of effects:**
- **1 AM (EST):** Moderate volatility, focusing on Asian currency pairs.
- **5 AM (EST):** Increased liquidity and volatility, suitable for breakout trading.
- **9 AM (EST):** High volatility and high liquidity, the best time for Forex trading.
==> How to trade, when the high/low of CRT is swept, move to LTF to wait for confirmation to enter the order
Only sell at high level and buy at discount price.
Find CE at specific important time. Trading CRT with HTF direction has better win rate.
The more inside bars, the higher the probability.
Place a partial and Move breakeven at 50% range.
Do a backtest and post your chart.
Binance Perp Premium/DiscountThis TradingView Pine Script indicator calculates and displays the premium or discount percentage between a cryptocurrency's spot price and its corresponding perpetual futures (perp) price on Binance. It automatically detects whether the current chart symbol represents a spot or perp market by checking for the ".P" suffix. The script then retrieves the closing prices for both the spot and perp symbols using the request.security function. If valid data is available for both markets, it computes the premium or discount as a percentage and visualizes this difference as a histogram below the main chart. Green bars indicate a premium (perp price above spot), while red bars signify a discount (perp price below spot). The indicator includes error handling to display 'n/a' when data for the required symbols is unavailable, ensuring robustness across various chart applications.
PreMarket_Estimator Portfolio [n_dot]AMEX:SOXL ; NASDAQ:TQQQ ; AMEX:FNGU ; AMEX:SOXS ; NASDAQ:SQQQ ; AMEX:FNGD
Strategy Core Idea:
I focus on stocks that are expected to show significant price movements (gaps) during the premarket, usually due to news or earnings reports. I record the highest price formed during the premarket, and if the price exceeds this level after the market opens, I go LONG. Based on my experience, it’s advisable to exit after a few percentage points of increase, as the premarket boom often corrects itself.
Usage:
The indicator is best used in pairs: Pre_Market_Estimator Single and Pre_Market_Estimator Portfolio.
In this portfolio version, you can set up 6 different instruments, which are displayed stacked vertically on the screen, while the single version monitors only one instrument. The portfolio does not plot charts at the actual price levels but offsets them vertically, displaying the current prices in a label at the end of each chart.
Settings:
Time point 1: Start of the observation period.
Time point 2: End of the observation period / Start of the trading period.
GAP: is used to adjust the distance between the charts displayed in the portfolio view. This allows you to customize the spacing for better readability and visualization of the monitored instruments.
Usage:
Set the timeframe period to "1m".
Set Time point 1 to the start of the premarket session on the current day (e.g., NYSE: 9:00).
Set Time point 2 to the market open (e.g., NYSE: 9:30).
The indicator monitors the highest price during the premarket period, marking it with a blue line.
During the subsequent trading period, if the price exceeds the premarket high, it generates a buy signal marked with a blue plus sign.
Limitations:
The premarket prediction typically provides actionable signals during the first 30 minutes to 1 hour of the trading session. After this, the trend is usually driven by daily market events or news.
To reduce data usage, the portfolio version of the indicator (which monitors 6 instruments simultaneously) only loads the last 24 hours of data (60 * 24 minutes). After this, the chart stops providing signals, and the time points need to be reset.
Additional Use Cases:
This type of breakout monitoring is not only suitable for observing premarket events but can also provide relevant information before major announcements.
For example, in the case of central bank rate hikes:
Set Point 1 to 1 hour before the announcement.
Set Point 2 to the time of the announcement.
I hope this contributes to your success!
Multi-Stock Price AlertThis indicator is designed to track up to 25 stock tickers and trigger price alerts whenever their respective price targets are reached. The indicator allows users to input ticker symbols and corresponding price targets for multiple stocks. It continuously monitors the stock prices and generates alerts when the current price crosses or equals the specified target.
Custom Trend TableManual input of trend starting with Daily Time frame, then H4 and H1.
If Daily and H4 are the same trend we can ignore H1 trend (N/A).
M15 Buy or Sell comes automatically depending on what the higher time frame trends are.
If Daily and H4 are bearish, then we look for Selling opportunities on M15.
If Daily and H4 are bullish, then we look for Buying opportunities on M15.
If Daily and H4 are different trends, then H1 trend will determine M15 Buy or Sell.
Works for up to 4 pairs / Symbols. If you need more, just add the indicator twice and on the second settings, move the placement of the table to a different location (Eg: Top, Middle) so you can see up to 8 Symbols. Repeat this process if required.
TICK Charting & DivergencesOverview
The TICK index measures the number of NYSE stocks making an uptick versus a downtick. This indicator identifies divergences between price action and TICK readings, potentially signaling trend reversals.
Key Features
Real-time TICK monitoring during market hours (9:30 AM - 4:00 PM ET)
Customizable smoothing factor for TICK values
Regular and hidden divergences detection
Reference lines at ±500 and ±1000 levels
Current TICK value display
TICK Internals Interpretation
Above +1000: Strong buying pressure, potential exhaustion
Above +500: Moderate buying pressure
Below -500: Moderate selling pressure
Below -1000: Strong selling pressure, potential exhaustion
Best Practices
Use in conjunction with support/resistance levels, market trend direction, and time of day.
Higher probability setups with multiple timeframe confirmation, divergence at key price levels, and extreme TICK readings (±1000).
Settings Optimization
Smoothing Factor: 1-3 (lower for faster signals)
Pivot Lookback: 5-10 bars (adjust based on timeframe)
Range: 5-60 bars (wider for longer-term signals)
Warning Signs
Multiple failed divergences
Choppy price action
Low volume periods
Major news events pending
Remember: TICK divergences are not guaranteed signals. Always use proper risk management and combine with other technical analysis tools.
Market Cycles
The Market Cycles indicator transforms market price data into a stochastic wave, offering a unique perspective on market cycles. The wave is bounded between positive and negative values, providing clear visual cues for potential bullish and bearish trends. When the wave turns green, it signals a bullish cycle, while red indicates a bearish cycle.
Designed to show clarity and precision, this tool helps identify market momentum and cyclical behavior in an intuitive way. Ideal for fine-tuning entries or analyzing broader trends, this indicator aims to enhance the decision-making process with simplicity and elegance.
Money Flow ExtendedMoney Flow Extended (MF)
Definition
The Money Flow Extended (MF) indicator brings together the functionality of the Money Flow Index indicator (MFI) , a tool created by Gene Quong and Avrum Soudack and used in technical analysis for measuring buying and selling pressure, and The Relative Strength Index (RSI) , a well versed momentum based oscillator created by J.Welles Wilder Jr., which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements.
History
As the Money Flow Index (MFI) is quite similar to The Relative Strength Index (RSI), essentially the RSI with the added aspect of volume, adding a Moving Average, divergence calculation, oversold and overbought gradients, facilitates the transition from RSI, making the use of MFI pretty similar.
What to look for
Overbought/Oversold
When momentum and price rise fast enough, at a high enough level, eventual the security will be considered overbought. The opposite is also true. When price and momentum fall far enough, they can be considered oversold. Traditional overbought territory starts above 80 and oversold territory starts below 20. These values are subjective however, and a technical analyst can set whichever thresholds they choose.
Divergence
MF Divergence occurs when there is a difference between what the price action is indicating and what MF is indicating. These differences can be interpreted as an impending reversal. Specifically, there are two types of divergences, bearish and bullish.
Bullish MFI Divergence – When price makes a new low but MF makes a higher low.
Bearish MFI Divergence – When price makes a new high but MF makes a lower high.
Failure Swings
Failure swings are another occurrence which can lead to a price reversal. One thing to keep in mind about failure swings is that they are completely independent of price and rely solely on MF. Failure swings consist of four steps and are considered to be either Bullish (buying opportunity) or Bearish (selling opportunity).
Bullish Failure Swing
MF drops below 20 (considered oversold).
MF bounces back above 20.
MF pulls back but remains above 20 (remains above oversold)
MF breaks out above its previous high.
Bearish Failure Swing
MF rises above 80 (considered overbought)
MF drops back below 80
MF rises slightly but remains below 80 (remains below overbought)
MF drops lower than its previous low.
Summary
The Money Flow Extended (MF) can be a very valuable technical analysis tool. Of course, MF should not be used alone as the sole source for a trader’s signals or setups. MF can be combined with additional indicators or chart pattern analysis to increase its effectiveness.
Inputs
Length
The time period to be used in calculating the MF. 14 is the default.
Pivot Loopback
After how many bars you want the divergence to show, on the scale of 1-5. 5 is the default.
Calculate Divergence
Calculating divergences is needed in order for divergence alerts to fire.
Moving Average section
You can learn more about the inputs in the "Moving Average" section in this Help Center article .
Style
MF
Can toggle the visibility of the MF as well as the visibility of a price line showing the actual current value of the MF. Can also select the MF Line's color, line thickness and visual style.
MF-based MA
Can toggle the visibility of the MF-based MA as well as the visibility of a price line showing the actual current MA value. Can also select its color, line thickness and line style.
MF Upper Band
Can toggle the visibility of the Upper Band as well as sets the boundary, on the scale of 1-100, for the Upper Band (80 is the default). The color, line thickness and line style can also be determined.
MF Middle Band
Can toggle the visibility of the Middle Band as well as sets the boundary, on the scale of 1-100, for the Middle Band (50 is the default). The color, line thickness and line style can also be determined.
MF Lower Band
Can toggle the visibility of the Lower Band as well as sets the boundary, on the scale of 1-100, for the Lower Band (20 is the default). The color, line thickness and line style can also be determined.
MF Background Fill
Toggles the visibility of a Background color within the MF's boundaries. Can also change the Color itself as well as the opacity.
Overbought Gradient Fill
Can toggle the visibility of the Overbought Gradient Fill. Can also select its colors combination.
Oversold Gradient Fill
Can toggle the visibility of the Oversold Gradient Fill. Can also select its colors combination.
Precision
Sets the number of decimal places to be left on the indicator's value before rounding up. The higher this number, the more decimal points will be on the indicator's value.
SuperTrend Volume [BigBeluga]SuperTrend Volume is an advanced trend-following indicator that combines the traditional SuperTrend method with a normalized volume visualization inside trend bands, offering enhanced insight into market dynamics and volume activity.
🔵 Key Features:
Dynamic Trend Bands: The indicator uses the SuperTrend methodology to plot upper and lower trend bands, which adapt dynamically to price movements. Green bands indicate an uptrend, while purple bands indicate a downtrend.
Normalized Volume Visualization:
Inside the trend bands, normalized volume is displayed to highlight the intensity of market participation during trends.
Users can choose between two visualization types:
Bars: Displays volume as vertical bars within the bands.
Area: Represents volume as a shaded area for a smoother look.
Color-Coded Trends: Trend direction is color-coded:
Green for bullish trends.
Purple for bearish trends.
Volume Labels: Each bar or area has a label showing the normalized volume value 0-4 for easier interpretation.
Trend Change Detection: Automatically identifies trend reversals by recalculating the SuperTrend levels and adjusting volume visualization accordingly.
🔵 Usage:
Trend Identification: Use the color-coded trend bands to confirm the current market direction and identify potential reversals.
Volume Confirmation: Assess the strength of trends using normalized volume inside the bands. Higher normalized volume indicates stronger market conviction.
Peak Volume can be a signal of the mean reversion of price
Customization: Adjust the visualization type (bars or area) based on personal preference or analysis needs.
Dynamic Updates: Use volume labels and trend bands to stay updated on market shifts and trading opportunities in real time.
SuperTrend Volume is a versatile tool suitable for traders who want to combine trend analysis with volume dynamics for a more comprehensive view of the market. It is ideal for identifying trend strength, detecting reversals, and gauging the participation of market players during directional moves.
US and Asia Trading Hoursadds vertical lines to your chart that show US trading hours 9-4 and NY trading hours based off of EST
Line Break Chart StrategyHello All!
We should not pass this year without a gift!
My last publication in 2024 is Complete Line Break Chart Strategy with many features!
What is Line Break Chart?
" Line Break is a Japanese chart style that disregards time intervals and only focuses on price movements, similar to the Kagi and Renko chart styles. Line Break charts form a series of up and down bars (referred to as lines). Up lines represent rising prices, and down lines represent falling prices. New confirmed lines only form on the chart when closing prices break the range covered by previous lines. Users can control the number of past lines used in the calculation via the "Number of Lines" input in the chart settings. The typical "Number of Lines" setting is 3, meaning the chart forms a new up line when the closing price is above the high prices of the last three lines, and it forms a new down line when the closing price is below the past three lines' low prices. If the current price is higher, it is an up line and if it is lower, it is a down line. If the current closing price is the same or the move in the opposite direction is not large enough to warrant a reversal, l then no new line is draw n" by Tradingview. You can find it here
Now let's start examining the features of the indicator:
By using Line break reversals it shows trend on the main chart. You can create alert .
Moreover, you can decide which trade should be taken by using Risk Management in the indicator. You can set the " Maximum Risk " and then if the risk is more than you set then the trade is not taken. When trend changed it checks the distance between reversal level and open price and compare it with the Maximum Risk
Breakout:
It can find breakouts and shows on the chart. You can create alert for breakouts
It can show breakouts on the main chart:
Flip-Flops:
Upon looking at set of price break charts, the trader will notice that there are instances when uptrend blocks is followed by one reversal block, and then by a reversal to a series of uptrend blocks. The opposite is also possible: a series of downtrend blocks is followed by one reversal box and then by an immediate reversal to downtrend. This price action is called a " Flip-Flop ". This structure usually produces trend continuation signal. when we see this then we better use Buy/Sell stop order. lets see this on the chart:
Temporal Sequence Table:
Sequence frequency shows the frequency distribution of the number of sequential highs and the number of sequential lows that have been generated. This is quite important to the trader who is seeking to join a trend or put on a trade when the price break reverses into a new trend direction. For example, if the pattern over the past year has been that there never were more than nine consecutive high closes, it would make sense not to enter a position late into the sequence of new high closes.
also you can see market structure. I have tried to formalize it and show it under the table. so you can understand if it's choppy market.
"Number of Lines" has very important role. While using low time frames such seconds/minutes time frame you may want to choose higher number of lines such 5,6. ( this may minimize the risk of a whipsaw )
Gaps feature:
You can set Gaps on/off. if Gaps on then you can see how long it takes for each box
Reversal and Continuation Probability:
The script calculated Reversal level and Continuation probability of the trend by using Sequence frequency.
It also shows unconfirmed box and current closing price level:
Last but not least it has Overlay option for all items, and can show all items in the main chart!
P.S. I added alerts :)
Wish you all a happy new year!
Enjoy!
Buyers vs SellersBuyers vs Sellers is an indicator which essentially weighs the strength of the buyers against the strength of the sellers. It defines the current relationship between the buyers and the sellers as well as the way that that relationship is changing over time.
User Inputs:
1. Number of Bars To Include In The Calculation - this is the look back period. The amount of past data that is being processed.
2. Length of The ATR - higher values are recommended. This ATR is used as a unit in which the price changes are expressed.
3. Bullish/Bearish Bias Threshold - the minimum value to consider the buyers or the sellers having control of the price.
4. Net Move Average Length - the moving average of the sum of bullish and bearish price changes.
The Calculation Process:
This indicator measures the difference between the opening and the closing prices of each bar in the look back period.
After that it sums together the sizes of the bodies of all the bullish bars and also the sizes of all the bearish bars to create the total bullish price change and total bearish price change for the look back period.
After that it converts the total price changes into percentages of the ATR and divides them by the look back period to get the price change per bar - it is a way of getting the price change values down to less ridiculous numbers regardless of the look back period and while still keeping the proportions intact.
After that it sums the two price changes together to get the net move and performs a simple moving average calculation on it in order to smooth out the values. This is a numerical representation of the relationship between the strength of the bullish and the bearish moves, which is easily readable from the chart.
After that the indicator performs a natural logarithm of the bullish price change divided by the bearish price change. This calculation gives a relationship between the two values which is not tied to the volatility of the instrument, but is expressed purely as a relationship between the strength of one value against the other. The idea is that this would allow for easier comparison across different instruments as the same numbers would represent exactly the same distribution of the strength difference.
The Plotting Logic:
The ATR is plotted as just a number as a reference.
The natural logarithm is presented in two ways.
One way is numerical, to be able to precisely read the value and the colour of the number changes depending if it is positive and above the bias threshold or negative and below the bias threshold.
The other way is in the form of a background colour. It only visualises the bias that can be interpreted based on the logarithm value in relation to the set bias threshold.
The total bullish price change and the total bearish price change are both plotted as a line with the fill between that line and the zero line. This helps visualise the bullish and the bearish moves individually.
The moving average of the sum of the bullish and the bearish moves is added as a line to represent the relationship between the two on a graph and not just as a logarithm.
I hope this indicator will serve you well and help with defining the relationship between the buyers and sellers more objectively, hopefully leading to more profitable trades.
Abnormal Delta Volume HistogramThis indicator can help traders spot potential turning points or heightened volatility and provides a dynamic measure of unusual market behavior by focusing on shifts in “delta volume.” Delta volume is approximated by assigning all of a bar’s volume to the bullish side if the close is higher than the open and to the bearish side if the close is lower. The result is a net volume measure that can hint at which side—buyers or sellers—has the upper hand. By comparing this delta volume to its historical averages and measuring how far current readings deviate in terms of standard deviations, the indicator can highlight bars that reflect significantly stronger than normal buying or selling pressure.
A histogram visualizes these delta volume values on a bar-by-bar basis, while additional reference lines for the mean and threshold boundaries allow traders to quickly identify abnormal conditions. When the histogram bars extend beyond the threshold lines, and are colored differently to signal abnormality, it can draw the trader’s eye to periods when market participation or sentiment may be shifting rapidly. This can be used as an early warning signal, prompting further investigation into price action, external news, or significant events that may be driving unusual volume patterns.
Important Notice:
Trading financial markets involves significant risk and may not be suitable for all investors. The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research or consult with a qualified financial advisor before making trading decisions. Past performance is not indicative of future results.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
