The Curved Market Structure [BigBeluga]Curved Market Structure
The Curved Market Structure indicator offers an innovative twist on traditional market structure tools by using curved lines instead of horizontal ones, enabling faster breakout detection for traders.
🔵Key Features:
Curved Market Structure Levels: The indicator identifies high and low pivots and plots curved lines connecting these points, adapting to market dynamics and providing a more intuitive view of potential breakout zones.
Breakout Detection: Breakouts above or below the curved levels are marked with triangle symbols (▲ or ▼), making it easy to spot critical price movements.
Dynamic Target Levels: After a breakout, the indicator plots three target levels, which serve as potential price objectives. Each target is marked with a number and a star (e.g., 1★) upon being reached.
Customizable Line Length and Angle: Users can adjust the length and angle of the curved lines to fit their trading style and timeframe, making the tool versatile and adaptable.
Market Structure Trend Filtering: To maintain a clean chart, the indicator plots curved levels only from high pivots during uptrends and low pivots during downtrends.
🔵How It Works:
The indicator identifies high and low pivots using user-defined parameters (left and right bars).
Curved lines are drawn from these pivot points, showing the structure of the market and potential breakout zones.
When a breakout occurs, the indicator highlights the direction with triangle symbols and dynamically plots three price targets.
Upon reaching these targets, the level is marked with its respective number and a star, helping traders track price progression effectively.
The lines and targets are adjusted based on market conditions, ensuring real-time relevance and accuracy.
🔵Use Cases:
Spotting key breakout zones to identify entry and exit points more effectively.
Setting dynamic target levels for take-profit or stop-loss planning.
Filtering market noise and maintaining a cleaner chart while analyzing trends.
Enhancing traditional market structure analysis with an intuitive curved visualization.
This indicator is ideal for traders who want a modern, dynamic, and visually appealing way to track market structure and breakouts while maintaining chart clarity.
피봇 포인트와 레벨
Options Levels Support and ResistanceAre you sometimes clueless of where you are going to find support or resistance for the stock price? Nothing can be more powerful than market positioning via options levels.
This indicator visualizes key institutional options levels including short-term and longer-term Put/Call Walls, and projected implied move ranges.
Key Features:
Displays major support/resistance levels derived from options data
Shows institutional Put Walls (PW) and Call Walls (CW) - areas of significant options activity
Identifies short-term and longer-term gamma levels for more precise trading
Includes an option statistics (IV, Put/Call ratio, trend) in a clean dashboard
Automatically(*) updates throughout the trading day to reflect current market positioning
Currently supporting 440 of the most popular tickers.
Presents gamma flip levels for indexes SPX, RUT, NDX and VIX
Trading Applications:
Identify key price levels where institutional options activity may influence price movement
Gauge market sentiment through IV levels, Put/Call ratios, and options positioning
Plan entries/exits around major Put/Call walls where price reversals are more likely
Monitor changes in institutional positioning through level trends
Levels are calculated externally using comprehensive options data and updated into the indicator multiple times per day. Note that I can't guarantee it will be timely updated since TradingView offers no access to external data nor a way to programmatically update the script.
This code simply renders the levels I calculate using external software. I had to make the code as short as possible to accommodate more tickers, reason why there is no commenting.
The last update time (New York/EST) is shown in the dashboard.
Enhanced Divergence Indicator / Strategy (many oscillators)Hi, Guys!
So, I am publishing a divergence script, with the ability to choose from many indicators, which is equipped to serve either as a strategy or an indicator (or both).
In my opinion, trading with indicators is not something that can consistently bring you profit. But one of the most effective ways to use an indicator is precisely divergence, since it also contains information about imbalance in the price action. This is still one of the main tasks of technical analysis of price movements.
That is why I decided to make a script public, which I myself use with some additional functions, and here I am publishing the main ones. Most of its elements can be found in other community scripts, but not quite collected in one, and not all. The main difference is that here I provide an opportunity to refine the divergences, by using a filter for the minimum price difference in the two extremes, the minimum difference in the extremes of the indicator and something else that you will not find anywhere in free code. As far as I can, I have also made a filter for the minimum reverse movement of the indicator between its two extremes, which make up the divergence. In the settings, I have called it "Minimum Oscillator Pullback".
I'm not a programmer, so my script is crude and inelegant, but overall it does the job.
I added the ability to use a few more widespread filters, but with some small additional options. For example, you can display a fast and slow moving average, but the good thing is that among them there is also T3 - one of the best MAs for showing a trend. You should keep in mind, however, that this way of using a trend is not very good when using divergences.
I also added an underestimated indicator as a filter, which could be quite effective here. It is the Stochastic Momentum Index. I have given the option to use a different timeframe for it. Usually, in oscillators, overbought and oversold zones are searched for, but here its more effective use is rather the opposite. It actually shows the strength of the trend. That's why I made an option for its reversed use, and in addition, its limit levels are also variable.
There is also a filter for eliminating trading days and/or trading hours.
To make the code more informative, I have provided an opportunity to test the strategy with leverage.
There is an option to use TP and SL.
Regarding closing a position, there are also several options. I have not seen anyone else use it, but with a lot of testing, I have found that the SMI mentioned and used as a filter is a very good indicator for exiting a position. This is one thing. But something even better that I have found and put in the code is the use of standard deviation. Most algo-traders use Average True Range for exit. Well, I have personally found with a lot of historical data that Standard Deviation is actually much more effective for this.
For variety, and also because such trading systems exist, I have added the option to close after a certain number of candles. Here I have also added an additional functionality - closing on a candle in the opposite direction of the open position, after the specified number of candles have passed.
Apart from this, there is also an option to use VWAP for exit.
You will see that there are more than a dozen indicators to choose from for divergence. I have tested dozens, maybe hundreds of others, which at first glance seem very suitable for this. But in practice I have found that they do not really add anything.
Keep in mind that in different timeframes, in different market conditions, and different assets behave differently. For some, some indicators are better, but in another timeframe they are weak.
In addition, the filters for improving divergence sometimes behave strangely (for example, for an oscillator it may be good to accept a negative and very large value for the minimum movement between its extremes). This is because they are not standardized and have different scales. But if you play around with the options enough, you will understand what works for you.
Now I can't think of anything more to say, inside the options things should be relatively clear. If there are adequate questions that I am able to answer (I remind you that I am an amateur), I will write in the comments. I am sure that this code will be useful for many, but do not rely too much on it and do not take risks without testing - both with historical data and paper trading. As you know, in any case, nothing is guaranteed in the future.
I think I missed something important.
When you use the script as an indicator, a line will always appear when there is a divergence. It may seem strange to you on the price movement, but keep in mind that it shows exactly where the extremes of the oscillator, which is not visible on the chart, are. A sign will appear on this line when the divergence meets your other conditions - the filters and enhancements included.
In addition, there are options to limit the divergence indication to a number of candles. In practice, this is necessary and improves the results. It is very important to understand that in order for the script to indicate the last extreme, which we will use to open a position, it must first have determined that we have already gone in the opposite direction. Therefore, the options specify candles to the left, but also candles to the right after the peak, to verify that this is really a peak (or bottom). Many believe that this makes divergences bad for trading, since the signal is actually received later. Well, this is not entirely true and you can check it yourself. You can safely set the right candles to 0 and you will see that there are many false signals. Usually it is best to use 2 candles on the right for a signal and if the divergence is good, they still give a good entry. In certain conditions it is good with just one candle.
Pivot Bsquad (Traditional and Fibonacci)Pivot Bsquad (Traditional & Fibonacci) - XAUUSD Scalping Indicator
The Pivot Bsquad Indicator is designed to provide high-precision support and resistance levels for scalping on XAUUSD (Gold). This tool combines Traditional Pivot Points and Fibonacci-based Pivot Points to help traders identify key price levels where reversals or breakouts are likely to occur.
Key Features:
1. Dual Pivot Calculation Modes:
Traditional Pivots: Calculated using classic formulas based on high, low, and close values, ideal for broader support and resistance zones.
Fibonacci Pivots: Incorporates Fibonacci ratios for more dynamic and nuanced levels, perfect for intraday scalping.
2. Color-Coded Zones:
Clear visual representation of support (S1, S2, S3) and resistance (R1, R2, R3) levels.
Enhanced with key pivot lines for quick decision-making.
3. Scalping-Friendly Design:
Optimized for short timeframes (e.g., 1-minute to 15-minute charts).
Highlights high-probability zones for reversals or continuation patterns.
4. Customizable Settings:
Toggle between Traditional and Fibonacci pivots to suit your trading style.
Adjustable timeframes for pivot calculation (Daily, Weekly, Monthly).
Ideal For
Scalpers looking to capitalize on XAUUSD's volatility.
Intraday traders who rely on precise support and resistance levels.
Technical traders seeking a reliable confluence of pivot strategies.
How to Use:
Select your preferred pivot mode (Traditional or Fibonacci) in the settings.
Observe price action around pivot levels for potential entry and exit points.
Use in conjunction with momentum oscillators or candlestick patterns for confirmation.
Note: While this indicator provides a solid framework for scalping, always consider risk management practices and market conditions.
Trading Tool Beta v1.0This indicator show possibleentry and exit for swing trader with support and resistance.
added support and resistance and trend line by other pine coder.
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.
Soportes y Resistencias con Volumen EXTERMINIUN 2025 Explicación:
Parámetros: Puedes ajustar el período (length) para calcular soportes y resistencias, y el volMultiplier para el volumen.
Soportes y Resistencias: Se calculan usando las funciones ta.highest y ta.lowest sobre un número de barras definidas por length.
Volumen: La condición de volumen compara el volumen actual con un promedio móvil de volumen multiplicado por volMultiplier.
Señales de Compra/Venta: Se generan cuando el precio cruza por encima de la resistencia o por debajo del soporte, y se confirma con un volumen superior al promedio ajustado.
Gray bars below 200SMA/EMA and PWLBars are colored gray if they close below the 200SMA, 200EMA and Previous weeks low.
Simple filter to help avoid taking longs into unfavorable conditions
SPXL strategy based on HighYield Spread (TearRepresentative56)This strategy is focused on leveraged funds (SPXL as basis that stands for 3x S&P500) and aims at maximising profit while keeping potential drawdowns at measurable level
Originally created by TearRepresentative56, I`m not the author of the concept, just backtesting it and sharing with the community
Key idea : Buy or Sell AMEX:SPXL SPXL if triggered
Trigger: HighYield Spread Change ( FRED:BAMLH0A0HYM2 BAMLH0A0HYM2). BAMLH0A0HYM2 can be used as indicator of chop/decline market (if spread rises significantly)
How it works :
1. Track BAMLH0A0HYM2 for 30% decline from local high marks the 'buy' trigger for SPXL (with all available funds)
2. When BAMLH0A0HYM2 increases 30% from local low (AND is higher then 330d EMA) strategy will signal with 'sell' trigger (sell all available contracts)
3. When in position strategy shows signal to DCA each month (adding contracts to position)
Current version update :
Added DCA function
User can provide desired amount of funds added into SPXL each month.
Funds will be added ONLY when user holds position already and avoids DCAing while out of the market (while BAML is still high)
Backtesting results :
11295% for SPXL (since inception in 2009) with DCAing of 500USD monthly
4547% for SPXL (since inception in 2009) without DCA (only 10 000USD invested initially)
For longer period: even with SP500 (no leverage) the strategy provides better results than Buy&Hold (420% vs 337% respectively since 1999)
Default values (can be changed by user):
Start investing amount = 10 000 USD
Decline % (Entry trigger) = 30%
Rise % (Exit trigger) = 30%
Timeframe to look for local high/low = 180 days
DCA amount = 500 USD
Inflation yearly rate for DCA amount = 2%
EMA to track = 330d
Important notes :
1. BAMLH0A0HYM2 is 1 day delayed (that provides certain lag)
2. Highly recommended to select 'on bar close' option in properties of the strategy
3. Please use DAILY SPXL chart.
4. Strategy can be used with any other ticker - SPX, QQQ or leveraged analogues (while basic scenario is still in SPXL)
Episodic Pivots DetectorAnyone interested in studying Episodic Pivots can add this detector to any chart to see when that specific underlying instrument encountered an Episodic Pivot event. If you need an example, pull up the chart for NASDAQ:SOUN and you will see multiple episodic pivot events dating back to January 2024 to January 13, 2025 (at the time of publishing this detector). Next you will need to study those events to ascertain why they stock moved in the direction it did. Happy trading.
Fractal Lows Connector for AZALKAThe indicator "Fractal Lows Connector" identifies fractal lows on the chart and connects them with lines. A fractal low is defined as a point where the low of the current bar is lower than the lows of the two preceding and two succeeding bars. The indicator uses arrays to store the values and bar indices of these fractal lows. When a new fractal low is detected, it is added to the arrays, and lines are drawn between consecutive fractal lows using line.new. The lines are dynamically updated as new fractal lows are identified. The use of xloc.bar_index ensures that the lines scale properly with the chart when zooming in or out.
Индикатор фрактальные минимумы просто соединяет минимумы фракталов.
Color bars based on PDH/PDL/mvwap and plot RTH open, FinalColor bars depending on where they are in relation to PDH PDL and mVWAP, also plots RTH open
Color bars PDL PDH EUIB mvwap colors bars based onn pdl pdh and mvwap, also paints bars purple for deep entries against euib
Order Block Entry Confidence this indicator takes data from price action after interaction with order blocks
and adds a % confidence for taking that order block as a trade entry (percentage bullish = %) and (bearish=%) using momentum criteria and volume as a secondary confirmation.
you can also customize which timeframe order blocks you want to focus on , i made this to give an at a a glance tool to help with quick confirmations to provide extra confluence to traders who use order blocks in their trading.
cheers :)
First 3-min Candle ScannerThis is the first 3 min candle setup in a downtrend or uptrend market you have to see an "N" pattern where the first candle should be red if downtrend other candle should be green once the 3rd candle sweeps the second candle low.. sell and vice versa
Jenkins Square Root Levels Square Root Levels with Fixed Spacing (Extended Lines)
This script calculates and displays horizontal levels based on the square root of a price point. It offers two calculation modes, Octave System and Square Root Multiples, allowing traders to identify key support and resistance levels derived from price harmonics.
The methodology is inspired by the teachings of Michael Jenkins, to whom I owe much gratitude for sharing his profound insights into the geometric principles of trading.
Features and Functions
1. Calculation Modes
Octave System:
Divides the square root range into specified steps, called "octave divisions."
Each division calculates levels proportionally or evenly spaced, depending on the selected spacing mode.
Multiple repetitions (or multiples) extend these levels upward, downward, or both.
Square Root Multiples:
Adds or subtracts multiples of the square root of the price point to create levels.
These multiples act as harmonics of the original square root, providing meaningful levels for price action.
2. Spacing Modes
Proportional: Levels are scaled proportionally with each multiple, resulting in increasing spacing as multiples grow.
Even: Levels are spaced equally, maintaining a consistent distance regardless of the multiple.
3. Direction
Up: Calculates levels above the price point only.
Down: Calculates levels below the price point only.
Both: Displays levels on both sides of the price point.
4. Customization Options
Price Point: Enter any key high, low, or other significant price point to anchor the calculations.
Octave Division: Adjust the number of divisions within the octave (e.g., 4 for quarter-steps, 8 for eighth-steps).
Number of Multiples: Set how far the levels should extend (e.g., 3 for 3 repetitions of the octave or square root multiples).
5. Visualization
The calculated levels are plotted as horizontal lines that extend across the chart.
Lines are sorted and plotted dynamically for clarity, with spacing adjusted according to the chosen parameters.
Acknowledgments
This script is based on the trading methodologies and geometric insights shared by Michael S. Jenkins. His work has profoundly influenced my understanding of price action and the role of harmonics in trading. Thank you, Michael Jenkins, for your invaluable teachings.
Thrax - Pullback based short side scalping⯁ This indicator is built for short trades only.
⤞ Pullback based scalping is a strategy where a trader anticipates a pullback and makes a quick scalp in this pullback. This strategy usually works in a ranging market as probability of pullbacks occurrence in ranging market is quite high.
⤞ The strategy is built by first determining a possible candidate price levels having high chance of pullbacks. This is determined by finding out multiple rejection point and creating a zone around this price. A rejection is considered to be valid only if it comes to this zone after going down by a minimum pullback percentage. Once the price has gone down by this minimum pullback percentage multiple times and reaches the zone again chances of pullback goes high and an indication on chart for the same is given.
⯁ Inputs
⤞ Zone-Top : This input parameter determines the upper range for the price zone.
⤞ Zone bottom : This input parameter determines the lower range for price zone.
⤞ Minimum Pullback : This input parameter determines the minimum pullback percentage required for valid rejection. Below is the recommended settings
⤞ Lookback : lookback period before resetting all the variables
⬦Below is the recommended settings across timeframes
⤞ 15-min : lookback – 24, Pullback – 2, Zone Top Size %– 0.4, Zone Bottom Size % – 0.2
⤞ 5-min : lookback – 50, pullback – 1% - 1.5%, Zone Top Size %– 0.4, Zone Bottom Size % – 0.2
⤞ 1-min : lookback – 100, pullback – 1%, Zone Top Size %– 0.4, Zone Bottom Size % – 0.2
⤞ Anything > 30-min : lookback – 11, pullback – 3%, Zone Top Size %– 0.4, Zone Bottom Size % – 0.2
✵ This indicator gives early pullback detection which can be used in below ways
1. To take short trades in the pullback.
2. To use this to exit an existing position in the next few candles as pullback may be incoming.
📌 Kindly note, it’s not necessary that pullback will happen at the exact point given on the chart. Instead, the indictor gives you early signals for the pullback
⯁ Trade Steup
1. Wait for pullback signal to occur on the chart.
2. Once the pullback warning has been displayed on the chart, you can either straight away enter the short position or wait for next 2-4 candles for initial sign of actual pullback to occurrence.
3. Once you have initiated short trade, since this is pullback-based strategy, a quick scalp should be made and closed as price may resume it’s original direction. If you have risk appetite you can stay in the trade longer and trial the stops if price keeps pulling back.
4. You can zone top as your stop, usually zone top + some% should be used as stop where ‘some %’ is based on your risk appetite.
5. It’s important to note that this indicator gives early sings of pullback so you may actually wait for 2-3 candles post ‘Pullback warning’ occurs on the chart before entering short trade.
Pivot + 7 EMA + Bollinger Band [by sameer]here you get one and only indicator to have bollinger band and pivot.
Moda MóvilEl indicador Moda Móvil calcula y muestra en el gráfico la moda (el valor más frecuente) de los precios de cierre de las últimas N barras (configurables). A diferencia de las medias móviles tradicionales, que pueden ser distorsionadas por valores extremos, la Moda Móvil proporciona una representación más precisa del comportamiento del precio al reflejar los valores más comunes.
Este enfoque se basa en el concepto de "Modas Móviles" propuesto por Pedro L. Asensio, quien destaca que las medias móviles tradicionales pueden ser engañosas debido a su sensibilidad a los extremos. La moda, en cambio, ofrece una alternativa más realista y ajustada a la realidad del mercado, sin verse afectada por datos atípicos.
MEMEQUANTRAYDIUM:VVAIFUSOL_9UMUN9.USD MEMEQUANT: A Comprehensive Tool for Price Analysis
Description:
MEMEQUANT is an advanced tool designed to help traders identify key support, resistance, and price correction zones. Combining technical analysis features such as trend lines, correction zones, and Fibonacci levels, this indicator provides a holistic view of price movements.
Key Features:
1. Correction Zones:
• Identifies correction zones between 60% and 80% from the highest price.
• Fully customizable, allowing users to adjust transparency and colors.
2. Fibonacci Levels:
• Displays Fibonacci levels (0.236, 0.382, 0.5, 0.618, 0.786) on the chart.
• Allows users to adjust level colors and transparency.
3. Dynamic Trend Lines:
• Automatically draws support and resistance lines based on short-term and long-term periods.
• Alerts can be enabled to notify users when prices touch or break these levels.
4. Customization Options:
• Users can modify colors, line lengths, and various settings for each feature.
• Adaptable to different trading strategies.
5. Alerts:
• Notifies users when prices reach critical zones or break key levels.
Why Use MEMEQUANT?
This indicator offers a simple yet powerful design that covers all your technical analysis needs. By integrating Fibonacci levels, trend lines, and correction zones into one tool, it simplifies decision-making in volatile markets.
How to Use:
1. Add the indicator to your chart.
2. Customize line lengths, colors, and transparency through the settings panel.
3. Analyze trend lines, correction zones, and Fibonacci levels to refine your strategy.
Note:
MEMEQUANT is a support tool and should not be used as the sole basis for trading decisions. Always practice proper risk management.
Leverage Aware Trade OptimizerWelcome to the Leverage-Aware Trade Optimizer (LATO)! I’m thrilled to have you exploring this dynamic algorithm! LATO combines advanced market oscillation tracking, leverage-aware trade optimization, and real-time market analysis to help you make smarter, more informed trading decisions. Whether you're just starting or you’re an experienced trader, LATO provides powerful tools and insights to enhance your strategies. LATO is here to support you in optimizing your trades with precision, so feel free to dive in and explore all the features. Let’s make your trading experience as effective and rewarding as possible. Safe trading!
Leverage-Aware Trade Optimizer (LATO)
Short Title: LATO
Category: Trading Tools / Technical Analysis
Overview
The Leverage-Aware Trade Optimizer (LATO) is a powerful algorithm designed to track and analyze market oscillations, identify reversal zones, and provide dynamic trading levels for optimal decision-making. With built-in risk management features, LATO enhances traders’ ability to make well-informed decisions based on a comprehensive range of market indicators, including price oscillations, probabilities, and leverage-related risks.
Key Features
Comprehensive Market Oscillation Tracking: LATO utilizes advanced indicators such as the Indexed Position Oscillator (IPO), Candle Relative Percentage (CRP), and Oscillating Range Indicator (ORI) to track price fluctuations and detect key market oscillations, providing a detailed view of price movements.
Dynamic Price Levels for Trading Decisions: The script calculates critical price levels such as WAP, WBP, XAP, and XBP. These weighted and expanded prices help identify potential support and resistance zones for accurate trade entries and exits.
Reversal Detection and Trend Identification: LATO is designed to recognize top and bottom reversal zones using user-defined thresholds (e.g., upper_reversal, lower_reversal). The algorithm signals potential trend changes with event markers such as UP, DOWN, UIP, and DIP, enabling traders to anticipate market reversals.
Risk and Leverage Mapping: By estimating liquidation levels for various leverage values (5x, 10x, 20x, etc.), LATO assists in risk management, helping traders visualize leverage exposure and optimize their trades according to risk tolerance.
Integrated Visualization and Event Labels: LATO enhances visual analysis by plotting key levels, trend lines, and event markers on the chart. Custom labels summarize critical values, including SOD (Sell Odds), BOD (Buy Odds), ORI (Oscillating Range Indicator), and PVI (Price Volatility Index), offering a quick, actionable summary for traders.
User Inputs
Orders Deviation (order_deviation): Controls the deviation for calculating trade levels.
Top Reversal (upper_reversal): Sets the threshold for the upper reversal zone.
Bottom Reversal (lower_reversal): Sets the threshold for the lower reversal zone.
How It Works
LATO tracks market oscillations through the Indexed Position Oscillator (IPO) and Candle Relative Percentage (CRP), dynamically adjusting as the market fluctuates. The algorithm then identifies key levels using weighted prices (e.g., WAP, WBP) and generates reversal signals based on defined thresholds.
Once the Leverage-Aware Trade Optimizer (LATO) is applied to a chart, it automatically calculates dynamic support and resistance levels and identifies potential buying or selling opportunities. The script also plots liquidation zones based on different leverage levels and visualizes these areas through color-coded lines.
Use Case Scenarios
Trend Reversal Detection: Identify when the market is likely to reverse based on the ORI and price action.
Dynamic Price Levels: Use the weighted price levels and trend lines to pinpoint entry/exit points.
Leverage Risk Management: Monitor liquidation levels and use them for managing risk while trading with leverage.
Oscillation Tracking: Track key oscillations for detecting overbought or oversold conditions.
Alert Setup for LATO
You can set up alerts based on the key conditions like UP, DOWN, UIP, and DIP, as well as specific market movements.
Down Trend Alert (DOWN): Alerts when there’s a downtrend, triggered by a crossover of WBP and BL5, with specific conditions for ORI and SOD.
Up Trend Alert (UP): Alerts when there’s an uptrend, triggered by a crossunder of WAP and SL5, with ORI below -0.5.
Upper Reversal Alert (UIP): Alerts when ORI crosses below the lower_reversal threshold.
Downward Reversal Alert (DIP): Alerts when ORI crosses above the upper_reversal threshold.
Conclusion
The Leverage-Aware Trade Optimizer (LATO) is a comprehensive trading tool designed for traders seeking to optimize their trade entries and exits. By combining multiple indicators, dynamic price levels, and reversal zone detection, LATO offers an advanced approach to market analysis and decision-making. Whether you’re trading with leverage or simply looking for trend confirmation, LATO provides the insights you need to maximize your trading potential.
Notes
This script is designed to be used on any time frame.
Adjust the order_deviation parameter based on the asset volatility you are trading.
The reversal thresholds (upper and lower) should be fine-tuned depending on market conditions.
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.
DARVAS with five EMAThe script you're referring to is likely designed to implement the Darvas Box trading strategy in combination with five Exponential Moving Averages (EMAs): 10, 20, 50, 100, and 200 periods.
