Custom Checklist# Custom Checklist - Trading Preparation & Reminders
A fully customizable checklist overlay indicator for TradingView that helps traders maintain discipline and follow their trading routine systematically.
## 🎯 Purpose
This indicator serves as a visual reminder system on your charts to ensure you complete all necessary analysis steps before entering a trade. Perfect for traders who want to maintain consistency and avoid emotional or rushed trading decisions.
## ✨ Key Features
- **20 Customizable Lines**: Create your own checklist items with any text you need
- **Flexible Display Options**:
- Show/hide title header
- Toggle entire checklist on/off
- Position anywhere on chart (9 positions available)
- Adjustable text size (tiny to huge)
- **Symbol Filtering**: Option to show checklist only on specific symbols (BTC/USD, GOLD, SPX500, USOIL)
- **Customizable Appearance**:
- Background color
- Text color
- Border color
- Transparency controls
- **Clean Interface**: Empty by default - add only the items you need
## 📋 Use Cases
- **Morning Routine**: Daily market preparation checklist
- **Trade Entry Rules**: Verify all setup conditions are met
- **Risk Management**: Confirm stop-loss, position size, and exit strategy
- **Multi-Timeframe Analysis**: Ensure you checked all required timeframes
- **Technical Analysis**: Track which indicators and patterns you've reviewed
- **News & Events**: Remember to check economic calendar and news
- **Personal Rules**: Your custom trading rules and reminders
## 🎨 Customization
Every aspect is customizable:
- All 20 lines can be edited to your needs
- Only non-empty lines are displayed
- Table position adjustable to any corner or middle position
- Color scheme fully customizable to match your chart theme
- Text size scalable for different screen sizes
## 💡 How to Use
1. Add indicator to your chart
2. Open Settings > Checklist Items
3. Fill in your checklist items (Line 1, Line 2, etc.)
4. Customize colors and position in Display Settings
5. Optional: Enable "Show Only on Specific Symbols" to show on select instruments
## 🔧 Display Settings
- **Checklist Title**: Custom header for your checklist
- **Show Title Header**: Toggle title display
- **Show Checklist**: Master on/off switch
- **Symbol Filter**: Restrict display to specific trading instruments
- **Position**: 9 placement options (corners and middle positions)
- **Text Size**: 5 size options (tiny, small, normal, large, huge)
- **Colors**: Background, text, and border fully customizable
## 📝 Example Checklist Ideas
**Swing Trading:**
- Support/Resistance levels identified
- Trend direction confirmed
- Volume analysis completed
- RSI/MACD signals checked
- Risk/Reward ratio calculated
**Day Trading:**
- Pre-market review done
- Key levels marked
- Economic calendar checked
- Trading plan written
- Position size calculated
**Technical Analysis:**
- Multiple timeframe alignment
- Chart patterns identified
- Moving averages reviewed
- Fibonacci levels drawn
- Volume profile analyzed
## ⚙️ Technical Details
- Pine Script v6
- Overlay indicator (displays on main chart)
- Lightweight - no complex calculations
- No repainting
- Works on all timeframes and instruments
## 🎓 Perfect For
- Beginner traders learning systematic analysis
- Experienced traders maintaining discipline
- Anyone who wants visual trading reminders
- Traders following multi-step strategies
- Those prone to FOMO or emotional trading
---
**Note**: This is a visual tool only. It does not generate trading signals or perform analysis. It serves as a reminder checklist to help you follow your own trading process consistently.
스크립트에서 "key levels"에 대해 찾기
Custom Checklist# Custom Checklist - Trading Preparation & Reminders
A fully customizable checklist overlay indicator for TradingView that helps traders maintain discipline and follow their trading routine systematically.
## 🎯 Purpose
This indicator serves as a visual reminder system on your charts to ensure you complete all necessary analysis steps before entering a trade. Perfect for traders who want to maintain consistency and avoid emotional or rushed trading decisions.
## ✨ Key Features
- **20 Customizable Lines**: Create your own checklist items with any text you need
- **Flexible Display Options**:
- Show/hide title header
- Toggle entire checklist on/off
- Position anywhere on chart (9 positions available)
- Adjustable text size (tiny to huge)
- **Symbol Filtering**: Option to show checklist only on specific symbols (BTC/USD, GOLD, SPX500, USOIL)
- **Customizable Appearance**:
- Background color
- Text color
- Border color
- Transparency controls
- **Clean Interface**: Empty by default - add only the items you need
## 📋 Use Cases
- **Morning Routine**: Daily market preparation checklist
- **Trade Entry Rules**: Verify all setup conditions are met
- **Risk Management**: Confirm stop-loss, position size, and exit strategy
- **Multi-Timeframe Analysis**: Ensure you checked all required timeframes
- **Technical Analysis**: Track which indicators and patterns you've reviewed
- **News & Events**: Remember to check economic calendar and news
- **Personal Rules**: Your custom trading rules and reminders
## 🎨 Customization
Every aspect is customizable:
- All 20 lines can be edited to your needs
- Only non-empty lines are displayed
- Table position adjustable to any corner or middle position
- Color scheme fully customizable to match your chart theme
- Text size scalable for different screen sizes
## 💡 How to Use
1. Add indicator to your chart
2. Open Settings > Checklist Items
3. Fill in your checklist items (Line 1, Line 2, etc.)
4. Customize colors and position in Display Settings
5. Optional: Enable "Show Only on Specific Symbols" to show on select instruments
## 🔧 Display Settings
- **Checklist Title**: Custom header for your checklist
- **Show Title Header**: Toggle title display
- **Show Checklist**: Master on/off switch
- **Symbol Filter**: Restrict display to specific trading instruments
- **Position**: 9 placement options (corners and middle positions)
- **Text Size**: 5 size options (tiny, small, normal, large, huge)
- **Colors**: Background, text, and border fully customizable
## 📝 Example Checklist Ideas
**Swing Trading:**
- Support/Resistance levels identified
- Trend direction confirmed
- Volume analysis completed
- RSI/MACD signals checked
- Risk/Reward ratio calculated
**Day Trading:**
- Pre-market review done
- Key levels marked
- Economic calendar checked
- Trading plan written
- Position size calculated
**Technical Analysis:**
- Multiple timeframe alignment
- Chart patterns identified
- Moving averages reviewed
- Fibonacci levels drawn
- Volume profile analyzed
## ⚙️ Technical Details
- Pine Script v6
- Overlay indicator (displays on main chart)
- Lightweight - no complex calculations
- No repainting
- Works on all timeframes and instruments
## 🎓 Perfect For
- Beginner traders learning systematic analysis
- Experienced traders maintaining discipline
- Anyone who wants visual trading reminders
- Traders following multi-step strategies
- Those prone to FOMO or emotional trading
---
**Note**: This is a visual tool only. It does not generate trading signals or perform analysis. It serves as a reminder checklist to help you follow your own trading process consistently.
Ultimate Oscillator (ULTOSC)The Ultimate Oscillator (ULTOSC) is a technical momentum indicator developed by Larry Williams that combines three different time periods to reduce the volatility and false signals common in single-period oscillators. By using a weighted average of three Stochastic-like calculations across short, medium, and long-term periods, the Ultimate Oscillator provides a more comprehensive view of market momentum while maintaining sensitivity to price changes.
The indicator addresses the common problem of oscillators being either too sensitive (generating many false signals) or too slow (missing opportunities). By incorporating multiple timeframes with decreasing weights for longer periods, ULTOSC attempts to capture both short-term momentum shifts and longer-term trend strength, making it particularly valuable for identifying divergences and potential reversal points.
## Core Concepts
* **Multi-timeframe analysis:** Combines three different periods (typically 7, 14, 28) to capture various momentum cycles
* **Weighted averaging:** Assigns higher weights to shorter periods for responsiveness while including longer periods for stability
* **Buying pressure focus:** Measures the relationship between closing price and the true range rather than just high-low range
* **Divergence detection:** Particularly effective at identifying momentum divergences that precede price reversals
* **Normalized scale:** Oscillates between 0 and 100, with clear overbought/oversold levels
## Common Settings and Parameters
| Parameter | Default | Function | When to Adjust |
|-----------|---------|----------|---------------|
| Fast Period | 7 | Short-term momentum calculation | Lower (5-6) for more sensitivity, higher (9-12) for smoother signals |
| Medium Period | 14 | Medium-term momentum calculation | Adjust based on typical swing duration in the market |
| Slow Period | 28 | Long-term momentum calculation | Higher values (35-42) for longer-term position trading |
| Fast Weight | 4.0 | Weight applied to fast period | Higher weight increases short-term sensitivity |
| Medium Weight | 2.0 | Weight applied to medium period | Adjust to balance medium-term influence |
| Slow Weight | 1.0 | Weight applied to slow period | Usually kept at 1.0 as the baseline weight |
**Pro Tip:** The classic 7/14/28 periods with 4/2/1 weights work well for most markets, but consider using 5/10/20 with adjusted weights for faster markets or 14/28/56 for longer-term analysis.
## Calculation and Mathematical Foundation
**Simplified explanation:**
The Ultimate Oscillator calculates three separate "buying pressure" ratios using different time periods, then combines them using weighted averaging. Buying pressure is defined as the close minus the true low, divided by the true range.
**Technical formula:**
```
BP = Close - Min(Low, Previous Close)
TR = Max(High, Previous Close) - Min(Low, Previous Close)
BP_Sum_Fast = Sum(BP, Fast Period)
TR_Sum_Fast = Sum(TR, Fast Period)
Raw_Fast = 100 × (BP_Sum_Fast / TR_Sum_Fast)
BP_Sum_Medium = Sum(BP, Medium Period)
TR_Sum_Medium = Sum(TR, Medium Period)
Raw_Medium = 100 × (BP_Sum_Medium / TR_Sum_Medium)
BP_Sum_Slow = Sum(BP, Slow Period)
TR_Sum_Slow = Sum(TR, Slow Period)
Raw_Slow = 100 × (BP_Sum_Slow / TR_Sum_Slow)
ULTOSC = 100 × / (Fast_Weight + Medium_Weight + Slow_Weight)
```
Where:
- BP = Buying Pressure
- TR = True Range
- Fast Period = 7, Medium Period = 14, Slow Period = 28 (defaults)
- Fast Weight = 4, Medium Weight = 2, Slow Weight = 1 (defaults)
> 🔍 **Technical Note:** The implementation uses efficient circular buffers for all three period calculations, maintaining O(1) time complexity per bar. The algorithm properly handles true range calculations including gaps and ensures accurate buying pressure measurements across all timeframes.
## Interpretation Details
ULTOSC provides several analytical perspectives:
* **Overbought/Oversold conditions:** Values above 70 suggest overbought conditions, below 30 suggest oversold conditions
* **Momentum direction:** Rising ULTOSC indicates increasing buying pressure, falling indicates increasing selling pressure
* **Divergence analysis:** Divergences between ULTOSC and price often precede significant reversals
* **Trend confirmation:** ULTOSC direction can confirm or question the prevailing price trend
* **Signal quality:** Extreme readings (>80 or <20) indicate strong momentum that may be unsustainable
* **Multiple timeframe consensus:** When all three underlying periods agree, signals are typically more reliable
## Trading Applications
**Primary Uses:**
- **Divergence trading:** Identify when momentum diverges from price for reversal signals
- **Overbought/oversold identification:** Find potential entry/exit points at extreme levels
- **Trend confirmation:** Validate breakouts and trend continuations
- **Momentum analysis:** Assess the strength of current price movements
**Advanced Strategies:**
- **Multi-divergence confirmation:** Look for divergences across multiple timeframes
- **Momentum breakouts:** Trade when ULTOSC breaks above/below key levels with volume
- **Swing trading entries:** Use oversold/overbought levels for swing position entries
- **Trend strength assessment:** Evaluate trend quality using momentum consistency
## Signal Combinations
**Strong Bullish Signals:**
- ULTOSC rises from oversold territory (<30) with positive price divergence
- ULTOSC breaks above 50 after forming a base near 30
- All three underlying periods show increasing buying pressure
**Strong Bearish Signals:**
- ULTOSC falls from overbought territory (>70) with negative price divergence
- ULTOSC breaks below 50 after forming a top near 70
- All three underlying periods show decreasing buying pressure
**Divergence Signals:**
- **Bullish divergence:** Price makes lower lows while ULTOSC makes higher lows
- **Bearish divergence:** Price makes higher highs while ULTOSC makes lower highs
- **Hidden bullish divergence:** Price makes higher lows while ULTOSC makes lower lows (trend continuation)
- **Hidden bearish divergence:** Price makes lower highs while ULTOSC makes higher highs (trend continuation)
## Comparison with Related Oscillators
| Indicator | Periods | Focus | Best Use Case |
|-----------|---------|-------|---------------|
| **Ultimate Oscillator** | 3 periods | Buying pressure | Divergence detection |
| **Stochastic** | 1-2 periods | Price position | Overbought/oversold |
| **RSI** | 1 period | Price momentum | Momentum analysis |
| **Williams %R** | 1 period | Price position | Short-term signals |
## Advanced Configurations
**Fast Trading Setup:**
- Fast: 5, Medium: 10, Slow: 20
- Weights: 4/2/1, Thresholds: 75/25
**Standard Setup:**
- Fast: 7, Medium: 14, Slow: 28
- Weights: 4/2/1, Thresholds: 70/30
**Conservative Setup:**
- Fast: 14, Medium: 28, Slow: 56
- Weights: 3/2/1, Thresholds: 65/35
**Divergence Focused:**
- Fast: 7, Medium: 14, Slow: 28
- Weights: 2/2/2, Thresholds: 70/30
## Market-Specific Adjustments
**Volatile Markets:**
- Use longer periods (10/20/40) to reduce noise
- Consider higher threshold levels (75/25)
- Focus on extreme readings for signal quality
**Trending Markets:**
- Emphasize divergence analysis over absolute levels
- Look for momentum confirmation rather than reversal signals
- Use hidden divergences for trend continuation
**Range-Bound Markets:**
- Standard overbought/oversold levels work well
- Trade reversals from extreme levels
- Combine with support/resistance analysis
## Limitations and Considerations
* **Lagging component:** Contains inherent lag due to multiple moving average calculations
* **Complex calculation:** More computationally intensive than single-period oscillators
* **Parameter sensitivity:** Performance varies significantly with different period/weight combinations
* **Market dependency:** Most effective in trending markets with clear momentum patterns
* **False divergences:** Not all divergences lead to significant price reversals
* **Whipsaw potential:** Can generate conflicting signals in choppy markets
## Best Practices
**Effective Usage:**
- Focus on divergences rather than absolute overbought/oversold levels
- Combine with trend analysis for context
- Use multiple timeframe analysis for confirmation
- Pay attention to the speed of momentum changes
**Common Mistakes:**
- Over-relying on overbought/oversold levels in strong trends
- Ignoring the underlying trend direction
- Using inappropriate period settings for the market being analyzed
- Trading every divergence without additional confirmation
**Signal Enhancement:**
- Combine with volume analysis for confirmation
- Use price action context (support/resistance levels)
- Consider market volatility when setting thresholds
- Look for convergence across multiple momentum indicators
## Historical Context and Development
The Ultimate Oscillator was developed by Larry Williams and introduced in his 1985 article "The Ultimate Oscillator" in Technical Analysis of Stocks and Commodities magazine. Williams designed it to address the limitations of single-period oscillators by:
- Reducing false signals through multi-timeframe analysis
- Maintaining sensitivity to short-term momentum changes
- Providing more reliable divergence signals
- Creating a more robust momentum measurement tool
The indicator has become a standard tool in technical analysis, particularly valued for its divergence detection capabilities and its balanced approach to momentum measurement.
## References
* Williams, L. R. (1985). The Ultimate Oscillator. Technical Analysis of Stocks and Commodities, 3(4).
* Williams, L. R. (1999). Long-Term Secrets to Short-Term Trading. Wiley Trading.
HTF Candles with PVSRA Volume Coloring (PCS Series)This indicator displays higher timeframe (HTF) candles using a PVSRA-inspired color model that blends price and volume strength, allowing traders to visualize higher-timeframe activity directly on lower-timeframe charts without switching screens.
OVERVIEW
This script visualizes higher-timeframe (HTF) candles directly on lower-timeframe charts using a custom PVSRA (Price, Volume & Support/Resistance Analysis) color model.
Unlike standard HTF indicators, it aggregates real-time OHLC and volume data bar-by-bar and dynamically draws synthetic HTF candles that update as the higher-timeframe bar evolves.
This allows traders to interpret momentum, trend continuation, and volume pressure from broader market structures without switching charts.
INTEGRATION LOGIC
This script merges higher-timeframe candle projection with PVSRA volume analysis to provide a single, multi-timeframe momentum view.
The HTF structure reveals directional context, while PVSRA coloring exposes the underlying strength of buying and selling pressure.
By combining both, traders can see when a higher-timeframe candle is building with strong or weak volume, enabling more informed intraday decisions than either tool could offer alone.
HOW IT WORKS
Aggregates price data : Groups lower-timeframe bars to calculate higher-timeframe Open, High, Low, Close, and total Volume.
Applies PVSRA logic : Compares each HTF candle’s volume to the average of the last 10 bars:
• >200% of average = strong activity
• >150% of average = moderate activity
• ≤150% = normal activity
Assigns colors :
• Green/Blue = bullish high-volume
• Red/Fuchsia = bearish high-volume
• White/Gray = neutral or low-volume moves
Draws dynamic outlines : Outlines update live while the current HTF candle is forming.
Supports symbol override : Calculations can use another instrument for correlation analysis.
This multi-timeframe aggregation avoids repainting issues in request.security() and ensures accurate real-time HTF representation.
FEATURES
Dual HTF Display : Visualize two higher timeframes simultaneously (e.g., 4H and 1D).
Dynamic PVSRA Coloring : Volume-weighted candle colors reveal bullish or bearish dominance.
Customizable Layout : Adjust candle width, spacing, offset, and color schemes.
Candle Outlines : Highlight the forming HTF candle to monitor developing structure.
Symbol Override : Display HTF candles from another instrument for cross-analysis.
SETTINGS
HTF 1 & HTF 2 : enable/disable, set timeframes, choose label colors, show/hide outlines.
Number of Candles : choose how many HTF candles to plot (1–10).
Offset Position : distance to the right of the current price where HTF candles begin.
Spacing & Width : adjust separation and scaling of candle groups.
Show Wicks/Borders : toggle wick and border visibility.
PVSRA Colors : enable or disable volume-based coloring.
Symbol Override : use a secondary ticker for HTF data if desired.
USAGE TIPS
Set the indicator’s visual order to “Bring to front.”
Always choose HTFs higher than your active chart timeframe.
Use PVSRA colors to identify strong momentum and potential reversals.
Adjust candle spacing and width for your chart layout.
Outlines are not shown on chart timeframes below 5 minutes.
TRADING STRATEGY
Strategy Overview : Combine HTF structure and PVSRA volume signals to
• Identify zones of high institutional activity and potential reversals.
• Wait for confirmation through consolidation or a pullback to key levels.
• Trade in alignment with dominant higher-timeframe structure rather than chasing volatility.
Setup :
• Chart timeframe: lower (5m, 15m, 1H)
• HTF 1: 4H or 1D
• HTF 2: 1D or 1W
• PVSRA Colors: enabled
• Outlines: enabled
Entry Concept :
High-volume candles (green or red) often indicate market-maker activity , such zones often reflect liquidity absorption by larger players and are not necessarily ideal entry points.
Wait for the next consolidation or pullback toward a support or resistance level before acting.
Bullish scenario :
• After a high-volume or rejection candle near a low, price consolidates and forms a higher low.
• Enter long only when structure confirms strength above support.
Bearish scenario :
• After a high-volume or rejection candle near a top, price consolidates and forms a lower high.
• Enter short once resistance holds and momentum weakens.
Exit Guidelines :
• Exit when next HTF candle shifts in color or momentum fades.
• Exit if price structure breaks opposite to your trade direction.
• Always use stop-loss and take-profit levels.
Additional Tips :
• Never enter directly on strong green/red high-volume candles, these are usually areas of institutional absorption.
• Wait for market structure confirmation and volume normalization.
• Combine with RSI, moving averages, or support/resistance for timing.
• Avoid trading when HTF candles are mixed or low-volume (unclear bias).
• Outlines hidden below 5m charts.
Risk Management :
• Use stop-loss and take-profit on all positions.
• Limit risk to 1–2% per trade.
• Adjust position size for volatility.
FINAL NOTES
This script helps traders synchronize lower-timeframe execution with higher-timeframe momentum and volume dynamics.
Test it on demo before live use, and adjust settings to fit your trading style.
DISCLAIMER
This script is for educational purposes only and does not constitute financial advice.
SUPPORT & UPDATES
Future improvements may include alert conditions and additional visualization modes. Feedback is welcome in the comments section.
CREDITS & LICENSE
Created by @seoco — open source for community learning.
Licensed under Mozilla Public License 2.0 .
Combined SMA with Murrey Math and Fixed Fractal Bands "Combined SMA with Murrey Math and Fixed Fractal Bands" , overlaying a Simple Moving Average (SMA), Murrey Math (MM) bands, and fixed fractal bands on a price chart. Here's a brief description of its functionality:Inputs:SMA Length: Configurable period for the SMA (default: 180 bars).
Resolution: Optional custom timeframe for data.
Frame Size for MM: Lookback period for Murrey Math calculations (default: 180 bars, adjustable via multiplier).
Ignore Wicks: Option to use open/close prices instead of high/low for MM calculations.
Fixed Fractal Size: Fixed distance in points for fractal bands (default: 1.22).
Shade 3/8-5/8 Overlap: Option to highlight overlapping regions between SMA-centered and absolute MM bands.
Data Source:Uses open, close, high, and low prices from the specified ticker and timeframe.
Optionally ignores wicks (high/low) for MM calculations, using max/min of open/close instead.
SMA Calculation:Computes a Simple Moving Average (SMA) based on the closing price and user-defined length.
Murrey Math Bands:Absolute MM Bands: Calculated using a dynamic range based on the highest/lowest prices over a lookback period, scaled logarithmically to create 13 levels (from -3/8 to +3/8, with 8/8 as the midpoint). These adapt to price action.
SMA-Centered MM Bands: Constructs MM bands relative to the SMA, with levels (0/8 to 8/8) spaced by a calculated increment derived from the absolute MM range.
Colors bands dynamically (green for bullish, red for bearish, gray for neutral) based on changes in the 4/8 level or increment, with labels indicating "Higher," "Lower," or "Same" states.
Fixed Fractal Bands:Plots six fixed-distance bands (±1, ±2, ±3) around the SMA, using a user-defined point value (default: 1.22).
Overlaps and Shading:Detects overlaps between SMA-centered and absolute MM bands at key levels (7/8-8/8, 0/8-1/8, and optionally 3/8-5/8).
Shades overlapping regions with distinct colors (red for 7/8-8/8, green for 0/8-1/8, blue for 3/8-5/8).
Fills specific SMA-centered MM regions (3/8-5/8, 0/8-1/8, 7/8-8/8) for visual emphasis.
Visualization:Plots SMA-centered MM bands, absolute MM bands, and fixed fractal bands as stepped lines with varying colors and transparency.
Displays a table at the bottom-right showing the current MM increment value.
Adds labels when the 4/8 level or increment changes, indicating trend direction.
In summary, this indicator combines a user-defined SMA with Murrey Math bands (both absolute and SMA-centered) and fixed fractal bands to provide a multi-level support/resistance framework. It highlights dynamic price levels, trend direction, and key overlaps, aiding traders in identifying potential reversal or consolidation zones.
Vagas-dctang(8~13)Overview
The Vegas Tunnel EMA 8-13 is a refined technical analysis indicator that utilizes two key exponential moving averages (8-period and 13-period EMAs) to create a dynamic tunnel system for identifying trend direction and potential support/resistance zones. This indicator is specifically designed to help traders visualize price action within the context of short-term trend dynamics.
Key Features
✅ Dual EMA Tunnel System: Creates a visual tunnel between 8 EMA (fast) and 13 EMA (slow) to identify trend channels ✅ Dynamic Support Detection: The tunnel acts as dynamic support during uptrends and resistance during downtrends ✅ Trend Confirmation: Price position relative to the tunnel helps confirm the current market trend ✅ Entry/Exit Signals: Tunnel crossovers and price interactions provide clear trading signals ✅ Multi-Timeframe Compatible: Works effectively across various timeframes from scalping to swing trading
How It Works
The Vegas Tunnel EMA 8-13 operates on the principle that shorter-period EMAs react more quickly to price changes, creating a responsive tunnel system:
Bullish Tunnel: When 8 EMA > 13 EMA, the tunnel indicates an upward trend with potential support zones
Bearish Tunnel: When 8 EMA < 13 EMA, the tunnel indicates a downward trend with potential resistance zones
Tunnel Width: The distance between EMAs indicates trend strength and volatility
Price Interaction: Bounces off the tunnel boundaries suggest trend continuation, while breaks may signal reversals
Trading Applications
Trend Following: Use tunnel direction to align trades with the prevailing trend
Support/Resistance Trading: Enter long positions when price bounces off tunnel support, short when rejected at resistance
Breakout Strategy: Trade tunnel breaks as potential trend continuation or reversal signals
Risk Management: Use tunnel boundaries as dynamic stop-loss levels
Advantages Over Traditional Moving Averages
Reduced Noise: The tunnel system filters out minor price fluctuations
Visual Clarity: Easy identification of trend channels and key levels
Faster Response: 8-13 period combination provides quicker signals than longer-term systems
Versatile Application: Suitable for various trading styles and market conditions
Best Practices
Combine with volume analysis for stronger signal confirmation
Consider higher timeframe tunnel direction for context
Use proper risk management with position sizing
Backtest on your preferred instruments and timeframes
This indicator is ideal for traders seeking a clean, effective tool for trend analysis and dynamic support/resistance identification in fast-moving markets.
Previous Day OHLC Dashboard (Last N Days)Indicator: Previous Day OHLC Dashboard (Multi-Day)
This indicator displays a dashboard-style table on your chart that shows the Open, High, Low, and Close (OHLC) of the previous trading days. It’s designed to help traders quickly reference key daily levels that often act as important support and resistance zones.
🔑 Features:
Dashboard Table: Shows OHLC data for the last N trading days (default = 3, up to 10).
Customizable Appearance:
Change the position of the dashboard (Top-Right, Top-Left, Bottom-Right, Bottom-Left).
Adjust text size (Tiny → Huge).
Customize colors for header, labels, and each OHLC column.
Yesterday’s OHLC Lines (optional): Plots horizontal lines on the chart for the previous day’s Open, High, Low, and Close.
Intraday & Multi-Timeframe Compatible: Works on all timeframes below Daily — values update automatically from the daily chart.
📊 Use Cases:
Quickly identify yesterday’s key levels for intraday trading.
Track how current price reacts to previous day’s support/resistance.
Keep a multi-day reference for trend bias and range context.
⚙️ How it Works:
The indicator pulls daily OHLC values using request.security() with lookahead_on to ensure prior day’s values are extended across the next session.
These values are displayed in a compact table for quick reference.
Optionally, the most recent daily levels (D-1) are plotted as chart lines.
✅ Perfect for day traders, scalpers, and swing traders who rely on yesterday’s price action to plan today’s trades.
Range FinderRange Finder Strategy for TradingView
Overview
The Range Finder Strategy is a sophisticated trading system designed for forex and cryptocurrency markets, leveraging dynamic range detection, wick-based rejection patterns, and EMA confluence to execute high-probability trades. This strategy identifies key price ranges using pivot points and triggers trades when price rejects from these boundaries with significant wick formations, aligning with the broader market trend as confirmed by EMA crossovers. It incorporates robust risk management, customizable parameters, and visual aids for clear trade visualization, making it suitable for both manual and automated trading on platforms like Bitget via webhook alerts.
Strategy Components
1. Dynamic Range Detection
Pivot Points: The strategy identifies range boundaries using pivot highs and lows, calculated with a user-defined Pivot Length (default: 5 bars left/right). These pivots mark significant swing points, defining the upper (range high) and lower (range low) boundaries of the price range.
Visualization: The range high is plotted as an orange line, and the range low as a purple line, using a broken line style (plot.style_linebr) to show only confirmed pivot levels, providing a clear visual of the trading range.
2. Wick-Based Rejection Pattern
Wick Detection: The strategy looks for rejection candles at the range boundaries, characterized by significant wicks. A wick is considered valid if its size is at least the user-defined Wick to Body Ratio (default: 1.1, or 10% larger than the candle body).
Sell Signal: Triggered when the high exceeds the range high, the candle closes bearish (close < open), and the upper wick meets the ratio requirement.
Buy Signal: Triggered when the low falls below the range low, the candle closes bullish (close > open), and the lower wick meets the ratio requirement.
Purpose: These wicks indicate strong rejection at key levels, often signaling a reversal back into the range, providing high-probability entry points.
3. EMA Trend Confirmation
EMA Calculation: Uses two Exponential Moving Averages (EMAs) calculated on a user-selectable timeframe (default: 5-minute):
EMA 200: Long-term trend indicator (plotted in red).
EMA 50: Short-term trend indicator (plotted in green).
Crossover Logic:
A bullish trend is confirmed when the EMA 50 crosses above the EMA 200 (ema_trend_up = true).
A bearish trend is confirmed when the EMA 50 crosses below the EMA 200 (ema_trend_down = true).
Confluence Requirement: Trades are only executed when the wick rejection aligns with the EMA trend (e.g., sell signals require close < ema200 and bearish trend; buy signals require close > ema200 and bullish trend).
4. Risk Management
Position Sizing: Calculated based on the user-defined Account Balance (default: $10,000) and Risk Per Trade (default: 2%). The position size is determined as risk_amount / stop_distance, where stop_distance is derived from the Average True Range (ATR, default period: 14).
Stop Loss (SL): Set using an ATR-based multiplier (SL Multiplier, default: 9.0). For sells, SL is placed above the high; for buys, below the low.
Take Profit (TP): Set using an ATR-based multiplier (TP Multiplier, default: 6.0) scaled by the Risk:Reward Ratio (default: 6.0), ensuring a favorable reward-to-risk profile.
Example: For a $10,000 account with 2% risk, if ATR is 0.5, the position size is 400 units, with SL and TP dynamically adjusted to market volatility.
5. Trade Execution
Sell Entry: Triggered on a wick rejection above the range high, with bearish EMA confluence (ema_trend_down and close < ema200). Enters a short position with calculated SL and TP.
Buy Entry: Triggered on a wick rejection below the range low, with bullish EMA confluence (ema_trend_up and close > ema200). Enters a long position with calculated SL and TP.
Exit Logic: Uses strategy.exit to set SL and TP levels, closing trades when either is hit.
6. Visual Feedback
Lines and Labels: Upon trade entry, the strategy plots:
Red SL line and label (e.g., "SL: 123.45").
Green TP line and label (e.g., "TP: 120.00").
Entry line (red for sell, green for buy) labeled with "Sell (Range Rejection)" or "Buy (Range Rejection)".
Customization: Users can adjust the Line Length (default: 25 bars) for how long lines persist and Label Position (left or right) for optimal chart visibility.
7. Alert Conditions
Webhook Integration: Generates alerts for Bitget webhook integration, providing JSON-formatted messages with trade details (action, contracts, market position, size, price, symbol, and timestamp).
Usage: Traders can set up automated trading by connecting these alerts to trading bots or platforms supporting webhooks.
VWAP Bands Pro - Session Based by kobiko3030
📊 Advanced Professional Trading Indicator
VWAP Bands Pro is an advanced indicator that combines the power of VWAP with 4 dynamic bands for precise identification of support and resistance zones. This indicator is designed for professional traders who want deep and accurate market movement analysis.
✨ Key Features
🎯 Smart VWAP Bands
4 adjustable bands based on standard deviation
Optional band 4 hiding for beginner traders
Precise calculation based on volume-weighted price
🌏 Global Session Support
New York Session (9:30 EST)
Asia Session (18:00 EST)
Automatic reset at the beginning of each session
📱 Flexible User Interface
Dynamic labels (V, VR1-4, VS1-4)
Custom color selection
Adjustable line thickness for each band
Multiple display modes
🔔 Advanced Alert System
VWAP breakout alerts
Alerts for all bands (3 & 4)
Clear and precise messages
🛠️ Customization Options
Band Settings
Standard deviation multipliers: 1.0, 2.0, 3.0, 4.0 (default)
Each band independently adjustable
Range: 0.1 to 5.0
Display Settings
Continuous trading start - display from session beginning
Limited candle count - show last X candles
Current day only - no historical data
Visual Design
VWAP, support, and resistance colors
Individual line thickness
Hideable labels
📈 Trading Strategies
Support and Resistance Zones
VS1-VS4: Support bands (green)
VR1-VR4: Resistance bands (red)
V: Central VWAP line
Entry Points
Breakouts above/below VWAP
Bounces from outer bands
Band retests
Risk Management
Use bands as Stop Loss levels
Identify oversold/overbought zones
Adapt to different market conditions
🎖️ Indicator Advantages
✅ Precise calculation based on volume weighting
✅ Complete flexibility in customization
✅ Global session support
✅ User-friendly interface
✅ Built-in alert system
✅ Suitable for all trading styles
📋 Usage Instructions
Add the indicator to your chart
Select trading session (New York/Asia)
Adjust bands according to your trading style
Set up alerts for important breakouts
Start trading with precise key zone identification
💡 Trading Tips
Use outer bands to identify extremes
Combine with additional indicators for confirmation
Adjust bands to asset volatility
Follow alerts to spot opportunities
Consider session-specific behavior patterns
🔧 Technical Specifications
Pine Script Version: 5
Overlay: Yes
Timeframe: All timeframes supported
Markets: Suitable for all markets (Forex, Stocks, Crypto, Futures)
Session Support: New York & Asia with EST timezone
Volume Calculation: HLC3 * Volume weighted
📊 What Makes This Different
Unlike standard VWAP indicators, this pro version offers:
Session-based reset for intraday precision
4 customizable bands instead of basic 2
Professional labeling system for quick identification
Advanced alert conditions for all key levels
Flexible display options for different trading approaches
⚡ Performance Features
Efficient calculation - minimal lag
Clean visual design - no chart clutter
Responsive labels - update in real-time
Session breaks - clear visual separation
Volume validation - ensures accurate VWAP calculation
ATR % Line from LoD/HoDATR % Line Trading Indicator - Entry Filter Tool
This Pine Script creates a sophisticated ATR (Average True Range) percentage-based entry filter indicator for TradingView that helps traders avoid buying overextended stocks and identify optimal entry zones based on volatility.
Core Functionality - Entry Discipline
The script calculates a maximum entry threshold by taking a percentage of the Average True Range (ATR) and projecting it from the current day's low. This creates a dynamic "no-buy zone" that adapts to market volatility, helping traders avoid purchasing stocks that have already moved too far from their daily base.
Key Calculation:
Measures the ATR over a specified period (default: 14 bars)
Takes a user-defined percentage of that ATR (default: 25%)
Projects this distance from the day's low to establish a maximum entry threshold
Entry Rule: Avoid buying when price exceeds this ATR% level from the daily low or high.
Visual Features
Entry Threshold Line:
Draws a horizontal line at the calculated maximum entry level
Line extends forward for clear visualization of the "no-buy zone"
Red zones above this line indicate overextended conditions
Fully customizable appearance with color, width, and style options
Smart Entry Alerts:
Optional labels show the ATR percentage threshold and exact price level
Visual confirmation when stocks are trading in acceptable entry zones vs. extended areas
Real-Time Monitoring Table:
Displays current distance from daily low as ATR percentage
Shows whether current price is in "safe entry zone" or "extended territory"
Customizable display options for clean chart analysis
Practical Applications for Entry Management
Avoiding Extended Entries:
Primary Use: Don't initiate long positions when price is more than X% ATR from the daily low
Prevents buying stocks that have already made their daily move
Reduces risk of buying at temporary tops within the trading session
Entry Zone Identification:
Price trading below the ATR% line = potential entry opportunity
Price trading above the ATR% line = wait for pullback or skip the trade
Combines volatility analysis with momentum discipline
Risk Management Benefits:
Improved Entry Timing: Enter closer to daily support levels
Better Risk/Reward: Shorter distance to stop loss (daily low)
Reduced Chasing: Systematic approach prevents FOMO-driven entries
Volatility Awareness: Higher volatility stocks get wider acceptable entry ranges
Configuration for Entry Filtering
Key Settings for Entry Management:
ATR Percentage: Set your maximum acceptable extension (15-30% common for day trading)
Reference Point: Use "Low" to measure extension from daily base
Line Style: Make highly visible to clearly see entry threshold
Alert Integration: Visual confirmation of entry-friendly zones
Typical Usage Scenarios:
Conservative Entries: 15-20% ATR from daily low
Moderate Extensions: 25-35% ATR for stronger momentum plays
Aggressive Setups: 40%+ ATR for breakout situations (use with caution)
Entry Strategy Integration
Pre-Market Planning:
Set ATR% threshold based on stock's typical volatility
Identify key levels where entries become unfavorable
Plan alternative entry strategies for extended stocks
Intraday Execution:
Monitor real-time ATR% extension from daily low
Avoid new long positions when threshold is exceeded
Wait for pullbacks to re-enter acceptable entry zones
This tool transforms volatility analysis into practical entry discipline, helping traders maintain consistent entry standards and avoid the costly mistake of chasing overextended stocks. By respecting ATR-based extension limits, traders can improve their entry timing and overall trade profitability.
RED E Support & ResistanceThe “RED-E Support & Resistance” indicator is designed to assist traders in visualizing key levels of support and resistance on a chart by employing ATR (Average True Range) to create dynamic horizontal zones. This indicator automatically plots robust support and resistance bands that can help identify potential areas where price may reverse, consolidate, or react. These levels are particularly beneficial for traders who employ concepts like Smart Money analysis, as they illustrate zones where institutional trading activity might occur.
How It Works:
• The indicator uses ATR-based calculations to determine the placement of the support and resistance zones. This approach accounts for market volatility, making the zones adaptive to changing conditions.
• The Zone Thickness parameter allows users to customize the width of the plotted zones, enhancing visibility and fitting them to their specific trading style.
• The support and resistance zones extend horizontally across the chart, providing clear reference points for potential price reactions.
Practical Application:
• Trend Analysis: Identify areas of significant price resistance and support to understand potential turning points or trends in the market.
• Risk Management: Use these zones to better inform stop-loss placements or set profit targets.
• Confirmation Tool: Combine the indicator with other technical analysis tools for confirmation of potential trade entries or exits.
Customization Options:
• Change the colors of the support and resistance zones for better integration with different chart themes.
• Adjust the ATR Length and Multiplier to fine-tune the sensitivity of the zones based on personal preferences and the characteristics of the asset being analyzed.
Disclaimer:
This indicator is for educational and informational purposes only. It is not intended to serve as investment advice or a recommendation to buy or sell any financial instrument. Always perform your own research and consider consulting with a financial professional before making trading decisions. Trading involves significant risk, and past performance does not guarantee future results.
3 hours ago
Release Notes
The “RED-E Support & Resistance” indicator is designed to assist traders in visualizing key levels of support and resistance on a chart by employing ATR (Average True Range) to create dynamic horizontal zones. This indicator automatically plots robust support and resistance bands that can help identify potential areas where price may reverse, consolidate, or react. These levels are particularly beneficial for traders who employ concepts like Smart Money analysis, as they illustrate zones where institutional trading activity might occur.
How It Works:
• The indicator uses ATR-based calculations to determine the placement of the support and resistance zones. This approach accounts for market volatility, making the zones adaptive to changing conditions.
• The Zone Thickness parameter allows users to customize the width of the plotted zones, enhancing visibility and fitting them to their specific trading style.
• The support and resistance zones extend horizontally across the chart, providing clear reference points for potential price reactions.
Practical Application:
• Trend Analysis: Identify areas of significant price resistance and support to understand potential turning points or trends in the market.
• Risk Management: Use these zones to better inform stop-loss placements or set profit targets.
• Confirmation Tool: Combine the indicator with other technical analysis tools for confirmation of potential trade entries or exits.
Customization Options:
• Change the colors of the support and resistance zones for better integration with different chart themes.
• Adjust the ATR Length and Multiplier to fine-tune the sensitivity of the zones based on personal preferences and the characteristics of the asset being analyzed.
Disclaimer:
This indicator is for educational and informational purposes only. It is not intended to serve as investment advice or a recommendation to buy or sell any financial instrument. Always perform your own research and consider consulting with a financial professional before making trading decisions. Trading involves significant risk, and past performance does not guarantee future results.
Opening Range v3 (Dynamic)Opening Range Signals v3 (Dynamic) - Indicator Guide
Created by: MecarderoAurum
Why This Indicator Exists: An Overview
The "Opening Range Signals" indicator is a sophisticated tool designed for day traders who focus their strategy on the price action that unfolds during the Regular Trading Hours (RTH) of the New York session (09:30 - 16:00 ET). The opening period of the market, often called the "initial balance," is a critical time where institutions and traders establish the early high and low for the day. Trading the breakout of this range is a classic and effective strategy, but it's often plagued by false moves and "head fakes."
This indicator was built to solve that problem. It not only identifies the initial range but also incorporates a powerful dynamic expansion feature. This allows the indicator to intelligently adapt to early session volatility, filter out false breakouts, and establish more reliable support and resistance levels for the rest of the trading day. It provides a clear, visual framework for executing opening range strategies with more confidence.
Key Features & How to Use Them
1. Customizable Opening Range
This is the foundation of the indicator. It draws the high and low of the initial trading period on your chart.
What it does: Establishes the initial support and resistance levels for the day.
How to use it: In the settings under "Time Settings," you can set the "Opening Range Duration" from 1 to 30 minutes. A shorter duration (e.g., 5 minutes) will be more sensitive and give earlier signals, while a longer duration (e.g., 30 minutes) will establish a wider, more robust range.
2. Dynamic Range Expansion
This is the indicator's most powerful and unique feature. It helps you avoid getting trapped in false breakouts.
What it does: If the price breaks out of the initial range but then quickly closes back inside, the indicator will automatically expand the range to include the full wick of the failed breakout. This tells you the market is still establishing its true range.
How to use it: In the settings under "Dynamic Range," you can:
"Enable Dynamic Range Expansion": This is on by default.
"Expansion Time Limit (Min)": Set how long the indicator should look for these failed breakouts. After this time, the range will be locked for the day.
3. Clear Visual Trading Signals
The indicator provides three distinct signals to help you interpret the price action around the opening range.
Breakout Body (Yellow plotshape):
What it means: The first confirmation that the price has decisively moved outside the established range. It appears when a candle's body closes entirely above the high or below the low.
How to use it: This is your alert that a potential breakout is underway. Do not enter yet; wait for confirmation.
Continuation (Green plotshape):
What it means: This signal appears on the candle immediately following a breakout if it shows momentum in the same direction. It confirms that the breakout has strength.
How to use it: This is a potential entry trigger. A continuation signal suggests the breakout is valid and may continue.
Failure (Red plotshape):
What it means: This signal appears if, after a breakout and continuation, the price quickly reverses and closes back inside the range. It's a strong indication of a false breakout.
How to use it: If you are in a breakout trade, a failure signal is a clear sign to exit. It can also be used as a setup for a reversal trade in the opposite direction.
Sample Strategy: The Breakout-Continuation Trade
This strategy uses the indicator's signals to trade a classic opening range breakout with added confirmation.
Setup:
Set the "Opening Range Duration" to your preferred time (e.g., 5 or 15 minutes).
Ensure the "Dynamic Range Expansion" is enabled to filter out early noise.
Entry Trigger:
Wait for a Breakout signal (yellow) to appear. This puts you on high alert.
Wait for a Continuation signal (green) on the very next candle. This is your entry trigger. Enter a long trade on a bullish continuation or a short trade on a bearish continuation.
Stop-Loss:
For a bullish (long) trade, a common stop-loss placement is just below the low of the continuation candle or, for a more conservative stop, just inside the opening range high.
For a bearish (short) trade, place your stop-loss just above the high of the continuation candle or just inside the opening range low.
Trade Management:
If a Failure signal (red) appears after you've entered, it indicates the breakout has failed. This is a strong signal to exit your trade immediately to protect your capital.
If the trade moves in your favor, you can manage it by taking profits at key levels or using a trailing stop.
Smart Directional Fib Zone (Selectable Session)🎯 Overview
This indicator plots a dynamic Fibonacci zone between the 0.5 and 0.618 levels , calculated from the previous day’s price action , and is designed specifically for intraday traders.
It visually highlights key retracement or reaction areas where the market often pauses or reverses.
🔍 How it works
At the start of each day, the script automatically captures:
the previous day’s open (pdo),
high (pdh),
low (pdl),
and close (pdc).
It then determines if the previous day was bullish (Close > Open) or bearish (Close < Open).
Based on that:
If the previous day was bullish, it projects the Fibonacci levels down from the high (typical for expecting retracements).
If bearish, it projects them up from the low.
The two key levels are:
0.5 (50%) retracement / projection
0.618 (61.8%) retracement / projection
A colored zone is plotted between these levels to act as a leading guide for intraday setups.
⏰ Time filtering & session customization
A unique feature is the dynamic session filtering:
By default, the zone is only plotted during active market hours, keeping your chart clean outside trading hours.
The script provides a dropdown selector so you can quickly switch between:
India session (9:15 to 15:30)
Europe session (9:00 to 17:30)
US session (9:30 to 16:00)
Or even define your own custom session times.
This makes it ideal for intraday traders in any region.
🎨 Visual features
The fill zone changes color based on the previous day’s sentiment:
Green zone if the previous day was bullish
Red zone if the previous day was bearish
🚨 Alerts
The script includes an alert condition, so you can easily set up TradingView alerts to notify you when:
Price enters the Fibonacci zone.
This is extremely helpful for catching retracements or reversals without staring at the screen all day.
⚙️ How to use
✅ Works on any intraday timeframe (1 min, 5 min, 15 min, etc.).
✅ Simply add it to your chart, pick your session in the dropdown, and watch the Fibonacci zone automatically adjust to your selected market hours.
Use it as a confluence tool alongside other indicators like VWAP, EMAs, Bollinger Bands, or price action patterns to time entries and exits.
💪 Why this is powerful
This is more than a simple Fib retracement tool:
It dynamically adapts to the previous day’s sentiment, helping you trade in alignment with recent market psychology.
The session filtering ensures your charts are focused only on the periods
TrendBoxThis indicator is called "TrendBox," designed to help traders analyze daily price ranges using several technical indicators. Below is a breakdown of its functionality, purpose, and key components:
Purpose
The script overlays indicators on a chart to assess whether the price is above or below key levels and moving in a trend.
VIX-based expected range (index fund targeted)
- This helps calculate the expected dealers range based on VIX implications. You can expect to see ranges be bought on and sold on. Moving outside this range creates heightened volatility and most of the time a gamma squeeze follows.
VWAP (Volume Weighted Average Price)
- This allows you to understand the mid point or average pricing of the daily session. If you're paying a premium or getting a discount on the daily session.
Daily Market Open
- Identifying the market open price is a key level on a daily session and allows you to identify some level of intraday trend.
Daily 4-period VWMA
- This is a crucial role of our indicator and showing short term time frame bias. Seeing price move over the top of our daily 4 level establishes a short term trend and can be used as a distribution guide, closing positions when we see longer time frame candles close under it. Vice versa for shorting.
It also displays a status box (optional) summarizing whether the price is above or below these levels, helping traders quickly evaluate market conditions.
HoLo (Highest Open Lowest Open)HoLo (Highest Open Lowest Open) Method
Overview
HoLo stands for "Highest Open Lowest Open" – a forex trading strategy.
Core Concept
Definition of HoLo:
Highest Open (HO): The highest opening price among all H1 candles of the current trading day
Lowest Open (LO): The lowest opening price among all H1 candles of the current trading day
Trading Day: Starts at Asia Open Session
Strategy Setup
Step 1: Mark Key Levels
Current day's High/Low
Highest Open and Lowest Open (from H1 candles)
Step 2: Define the Area of Interest
Sell Zone: Between the Highest Open and the current day's High
Buy Zone: Between the Lowest Open and the current day's Low
Trade Entry Rules
Sell Trade:
Price goes above the Highest Open
Trigger candle (M5, M15, or M30) closes above the Highest Open
Enter a sell when price revisits the Highest Open level (Sell Stop Order)
Buy Trade:
Price drops below the Lowest Open
Trigger candle closes below the Lowest Open
Enter a buy when price revisits the Lowest Open level (Buy Stop Order)
Trigger Timeframe:
Choose M1, M5, or M15 based on:
Your screen time availability
Personal trading style
Risk and Profit Management
Stop Loss:
For sell: Set SL at the day’s High + spread
For buy: Set SL at the day’s Low + spread
Take Profit (TP) Basic Rule:
You should open 2 positions:
When profit reaches 1R: Take partial profit + move SL to BE (Break Even)
Let the remaining position run using partial TP or trailing stop
Money Management:
Never risk more than 1% per trade
Recommended: 0.5% risk due to multiple opportunities daily
Prioritize major pairs.
The Indicator
How to read data
For Day Traders
Monitor the sell zone (red area) for potential short entries near resistance
Watch the buy zone (blue area) for potential long entries near support
Use cross signals for entry/exit points
Pay attention to timing markers for key market hours
Alert
HO (Highest Open) level changes
LO (Lowest Close) level changes
Price crossing key levels
Timing notifications
Multi-Timeframe High/Low MarkerDescription
This indicator displays the previous period's high and low price levels from up to three different timeframes simultaneously. Lines extend from the previous period through the current period, providing clear visual reference points for key price levels across multiple time horizons.
Utility
Identify price ranges and key levels from multiple periods.Reduce chart switching by displaying multiple ranges on a single chart.
Function
Track up to 3 different timeframes simultaneously (default: 1H, 4H, Daily)
Customize each timeframe's high and low line colors, width, and style (solid/dashed/dotted)
Optional current period opening price display for each timeframe
Smart overlap detection prevents duplicate lines when multiple timeframes share the same price level
Each timeframe can be individually enabled or disabled
All visual elements fully customizable through indicator settings
KeyLevelsPivotsIndicator Name: Key Levels with Pivots
This indicator identifies key support and resistance levels using pivot high and pivot low values derived from TradingView’s built-in functions (ta.pivothigh and ta.pivotlow). When a new pivot is detected, the indicator checks if a similar level—within a specified percentage threshold (for example, ±1%) of the pivot value—already exists. If no such level is present, a horizontal line is drawn at that pivot level.
The drawn level extends to the right, automatically updating until one of two conditions occurs:
A breakout takes place—defined as the price moving beyond the level by the specified percentage—and then the level is fixed (truncated) at the bar where the breakout occurred.
The level reaches a maximum age (expressed in bars, e.g., 750 bars for a daily timeframe which approximates 3 years). In this case, the level is fixed at that maximum age.
Once fixed, the level no longer updates, allowing traders to view historically significant support and resistance levels from today's date up to approximately three years back. Additionally, the indicator prevents the re-plotting of a level if a similar level already exists within the defined percentage threshold, thereby avoiding duplicate reflections of the same level unless a breakout occurs.
Trapped Traders Order BlocksHow It Works
The Trapped Traders Order Blocks indicator identifies specific price action patterns that suggest large market participants ("big money") have been trapped in losing positions after significant price sweeps, creating potential opportunities for reversals. The indicator detects both "bullish trap blocks" (where bearish traders are trapped) and "bearish trap blocks" (where bullish traders are trapped). Here’s the step-by-step process for each:
Bullish Trap Block (Bears Trapped):
A bearish candle (Candle A) must sweep the high of the previous candle (Candle B), meaning its high exceeds the high of the prior candle.
This bearish candle must have a longer upper wick than its lower wick, indicating rejection of higher prices.
The candle must not be a doji (i.e., it must have a significant body, defined as the body being at least 10% of the candle's range).
The next candle (Candle C) must close above the body of the bearish candle (Candle A), suggesting that price has immediately moved against the bearish sweep, potentially trapping bearish traders who entered short positions expecting a downward move.
The body of the bearish candle (Candle A) is marked as a "bullish trap block." A box is drawn around this candle's body, and a label ("Bullish Trap") is placed below it.
Bearish Trap Block (Bulls Trapped):
A bullish candle (Candle A) must sweep the low of the previous candle (Candle B), meaning its low is below the low of the prior candle.
This bullish candle must have a longer lower wick than its upper wick, indicating rejection of lower prices.
The candle must not be a doji.
The next candle (Candle C) must close below the body of the bullish candle (Candle A), suggesting that price has immediately moved against the bullish sweep, potentially trapping bullish traders who entered long positions expecting an upward move.
The body of the bullish candle (Candle A) is marked as a "bearish trap block." A box is drawn around this candle's body, and a label ("Bearish Trap") is placed above it.
Dynamic Box Extension:
For both bullish and bearish trap blocks, the box extends dynamically to the current bar unless it exceeds a user-defined age (default is 52 bars), at which point it stops at the maximum age.
Sweep Detection:
Bullish Sweep (of any trap block, bullish or bearish):
The current candle's open is above the top of the box.
The low is below the top of the box.
The close is above the top of the box.
The lower wick is longer than the upper wick (indicating rejection of lower prices).
The close is above 50% of the candle's range (ensuring a strong bullish bias).
When a bullish sweep occurs, a label ("Bullish Sweep") is placed at the low of the candle, pointing upward, and an alert is triggered.
Bearish Sweep (of any trap block, bullish or bearish):
The current candle's open is below the bottom of the box.
The high is above the bottom of the box.
The close is below the bottom of the box.
The upper wick is longer than the lower wick (indicating rejection of higher prices).
The close is below 50% of the candle's range (ensuring a strong bearish bias).
When a bearish sweep occurs, a label ("Bearish Sweep") is placed at the high of the candle, pointing downward, and an alert is triggered.
When to Be Used
The Trapped Traders Order Blocks indicator is best used in the following scenarios:
Reversal Trading:
Use this indicator to identify potential reversal points in the market. Bullish trap blocks suggest that trapped bears may unwind their short positions, leading to a potential bullish move. Bearish trap blocks suggest that trapped bulls may unwind their long positions, leading to a potential bearish move.
Look for sweeps of these blocks as confirmation of a directional move. A bullish sweep indicates a potential upward move, while a bearish sweep indicates a potential downward move.
Range-Bound Markets:
In sideways or ranging markets, trapped blocks can highlight key levels where large players have been caught off-guard. These levels often act as support or resistance, and a sweep of the block can signal a breakout or continuation in the direction of the sweep.
Confluence with Other Indicators:
Combine the trapped blocks with other technical analysis tools, such as support/resistance levels, Fibonacci retracements, or volume analysis, to increase the probability of a successful trade. For example, a bullish trap block near a strong support level with a bullish sweep can provide a high-probability setup for a long position, while a bearish trap block near a strong resistance level with a bearish sweep can signal a short opportunity.
Timeframes:
The indicator is most effective on higher timeframes such as 1-day (1D), 1-week (1W), and 1-month (1M) charts. These timeframes are more likely to capture significant moves involving large market participants, reducing noise and false signals compared to lower timeframes. While it can be used on lower timeframes (e.g., 1-hour or 4-hour), the signals may be less reliable due to increased market noise.
Logic Behind It
The logic behind the Trapped Traders Order Blocks indicator is rooted in market psychology and the behavior of large market participants ("big money"). When a large sweep candle occurs where price spikes in one direction but then quickly reverses it often indicates that traders have entered positions in the direction of the sweep, expecting a continuation. However, if the price immediately moves against them, these traders are now trapped in losing positions.
Bullish Trap Block (Bears Trapped):
A large bearish sweep candle (spiking upward but closing lower) suggests that bearish traders (bears) have entered short positions at the top of the move, expecting a downward continuation. If the next candle closes above the bearish candle's body, these bears are trapped in losing positions.
The body of the bearish candle becomes a "bullish trap block" because the trapped bears are likely to have placed their stop-loss orders or break-even exit orders just above the high of the sweep candle or within the body of the candle. As price revisits this level in the future, these trapped traders may attempt to unwind their positions by buying back their shorts, which can drive the price higher. This unwinding process often attracts new buyers, leading to a potential bullish reversal or continuation.
The bullish sweep conditions (e.g., close > box top, longer lower wick, and close above 50% of the range) ensure that the price action at the block level shows strong bullish momentum and rejection of lower prices, confirming the potential for a move higher.
Bearish Trap Block (Bulls Trapped):
A large bullish sweep candle (spiking downward but closing higher) suggests that bullish traders (bulls) have entered long positions at the bottom of the move, expecting an upward continuation. If the next candle closes below the bullish candle's body, these bulls are trapped in losing positions.
The body of the bullish candle becomes a "bearish trap block" because the trapped bulls are likely to have placed their stop-loss orders or break-even exit orders just below the low of the sweep candle or within the body of the candle. As price revisits this level in the future, these trapped traders may attempt to unwind their positions by selling their longs, which can drive the price lower. This unwinding process often attracts new sellers, leading to a potential bearish reversal or continuation.
The bearish sweep conditions (e.g., close < box bottom, longer upper wick, and close below 50% of the range) ensure that the price action at the block level shows strong bearish momentum and rejection of higher prices, confirming the potential for a move lower.
Summary
Bullish Trap Block: Occurs when bears get trapped after a bearish sweep candle is immediately followed by a bullish candle, indicating a potential reversal as trapped bears may unwind their positions.
Bearish Trap Block: Occurs when bulls get trapped after a bullish sweep candle is immediately followed by a bearish candle, indicating a potential bearish reversal.
Use Case: Ideal for identifying reversal opportunities, especially in range-bound markets or at key support/resistance levels on higher timeframes like 1D, 1W, and 1M, and can be combined with other indicators for confluence.
Logic: Large sweep candles followed by an immediate reversal suggest that big money has been trapped, and these traders may unwind their positions at break-even in the near future, driving price in the opposite direction of their initial trade.
This indicator provides a visual and actionable way to identify these trapped trader scenarios, with customizable settings for box display, sweep visuals, and alerts to help traders capitalize on these opportunities, particularly on higher timeframes where the signals are most reliable.
TR FVG Finder 1.0TR FVG Finder 1.0 - Identify High-Probability Trading Zones
Unlock the power of Fair Value Gaps (FVGs) with this advanced TradingView indicator! Designed for traders seeking high-probability setups, the Fair Value Gap Detector identifies key price imbalances on your chart, helping you spot potential reversal and continuation zones with precision.
Key Features:
Accurate FVG Detection: Automatically detects bullish and bearish Fair Value Gaps based on a proven 3-candle pattern, highlighting areas where price is likely to return.
Customizable Display: Shows the most recent 3 FVGs by default (combined bullish and bearish), with an option to adjust the number of FVGs displayed.
Visual Clarity: Draws semi-transparent boxes (green for bullish FVGs, red for bearish FVGs) that extend 15 candles to the right, making it easy to track key levels.
Versatile for All Markets: Works on any timeframe and instrument—perfect for forex, stocks, crypto, and commodities like XAU/USD (gold).
User-Friendly: Simple to use with customizable settings, ideal for both beginner and experienced traders.
How It Works:
The indicator identifies FVGs by analyzing a 3-candle pattern:
- Bullish FVG: When the high of the candle two bars back is below the low of the current candle.
- Bearish FVG: When the low of the candle two bars back is above the high of the current candle. These gaps often act as magnets for price, making them powerful zones for trading strategies like breakouts, pullbacks, or reversals.
Why Use This Indicator?
- Enhance your technical analysis with a proven concept used by institutional traders.
- Spot high-probability trading opportunities with clear visual cues.
- Save time by automating FVG detection—no manual drawing required.
Best Practices:
- Use on lower timeframes (e.g., 15-minute or 1-hour) for more frequent FVGs, especially in volatile markets like forex or crypto.
- Combine with other indicators (e.g., support/resistance, volume) for confirmation.
- Ideal for strategies like ICT (Inner Circle Trader) concepts, Smart Money trading, and price action analysis.
Regards,
Trader Riaz
Session Profile AnalyzerWhat’s This Thing Do?
Hey there, trader! Meet the Session Profile Analyzer (SPA) your new go-to pal for breaking down market action within your favorite trading sessions. It’s an overlay indicator that mixes Rotation Factor (RF), Average Subperiod Range (ASPR), Volume Value Area Range (VOLVAR), and TPO Value Area Range (TPOVAR) into one tidy little toolkit. Think of it as your market vibe checker momentum, volatility, and key levels, all served up with a grin.
The Cool Stuff It Does:
Rotation Factor (RF) : Keeps tabs on whether the market’s feeling bullish, bearish, or just chilling. It’s like a mood ring for price action shows “UP ↑,” “DOWN ↓,” or “NONE ↔.”
ASPR : Averages out the range of your chosen blocks. Big swings? Tiny wiggles? This tells you the session’s energy level.
VOLVAR : Dives into volume to find where the action’s at, with a smart twist it adjusts price levels based on the session’s size and tiny timeframe moves (capped at 128 so your chart doesn’t cry).
TPOVAR : Grabs lower timeframe data to spot where price hung out the most, TPO-style. Value zones, anyone?
Dynamic Precision : No ugly decimal overload SPA matches your asset’s style (2 decimals for BTC, 5 for TRX, you get it).
How to Play With It:
Session Start/End : Pick your trading window (say, 0930-2200) and a timezone (America/New_York, or wherever you’re at).
Block Size : Set the chunk size for RF and ASPR like 30M if you’re into half-hour vibes.
Value Area Timeframe : Go micro with something like 1S for VOLVAR and TPOVAR precision.
Label : Size it (small to huge), color it (white, neon pink, whatever), and slap it where you want (start, mid, end).
How It All Works (No PhD Required):
RF : Imagine breaking your session into blocks (via Block Size). For each block, SPA checks if the high beats the last high (+1) or not (0), and if the low dips below the last low (-1) or not (0). Add those up, and boom positive RF means upward vibes, negative means downward, near zero is “meh.” Use it to catch trends or spot when the market’s napping.
ASPR : Takes those same blocks, measures high-to-low range each time, and averages them. It’s your volatility pulse big ASPR = wild ride, small ASPR = snooze fest. Great for sizing up session action.
VOLVAR : Here’s the fun part. It takes the session’s full range (high minus low), divides it by the average range of your tiny Value Area Timeframe bars (e.g., 1S), and picks a sensible number of price levels capped at 128 so it doesn’t overthink. Then it bins volume into those levels, finds the busiest price (POC), and grows a 70% value area around it. Perfect for spotting where the big players parked their cash.
TPOVAR : Grabs midpoints from those tiny timeframe bars, sorts them, and snips off the top and bottom 15% to find the 70% “value zone” where price chilled the most. Think of it as the market’s comfort zone great for support/resistance hunting.
Why You’ll Like It:
Whether you’re scalping crypto, swinging forex, or dissecting stocks, SPA’s got your back. Use RF to catch momentum shifts like jumping on an “UP ↑” trend or fading a “DOWN ↓” exhaustion. ASPR’s your secret weapon for sizing up trades: a big ASPR (say, 100 on BTC) means you can aim for juicy targets (like 1-2x ASPR) or set invalidations tight when it’s tiny (e.g., 0.001 on TRX) to dodge chop. VOLVAR and TPOVAR are your level-finders nail those key zones where price loves to bounce or break, perfect for entries, stops, or profit grabs. It’s like having a trading co-pilot who’s chill but knows their stuff.
Heads-Up:
Load enough history for those micro timeframes to shine (1S needs some bars to work with).
Keeps things light won’t bog down your chart even with decent-sized sessions.
Let’s Roll:
Slap SPA on your chart, tweak it to your style, and watch it spill the beans on your session. Happy trading, fam may your pips be plenty and your losses few!
DMI + ADX + Key Level NACHOMIXCRYPTOThe DMI + ADX + Key Level NACHOMIXCRYPTO indicator is a technical analysis tool that combines the Directional Movement Index (DMI) and the Average Directional Index (ADX) to assess trend strength and direction. It also includes customizable key levels for better visualization.
Components:
ADX (Average Directional Index):
Measures the strength of a trend, regardless of its direction.
Values below 25 indicate a weak trend or range-bound market.
Values between 25-50 suggest a strong trend.
Values between 50-75 indicate a very strong trend.
Values above 75 represent an extremely strong trend.
+DI (Positive Directional Indicator) and -DI (Negative Directional Indicator):
+DI indicates bullish strength, shown in green.
-DI indicates bearish strength, shown in red.
The comparison between these two lines helps determine the market direction.
Features:
Trend Detection:
When +DI is above -DI and ADX is above the key level, it signals a bullish trend.
When -DI is above +DI and ADX is above the key level, it signals a bearish trend.
Key Level Line:
A customizable horizontal line that marks the threshold for trend strength.
Trend Background Color:
Green for strong uptrends and red for strong downtrends.
Signal Arrows:
A green upward triangle is plotted when a new bullish trend starts.
A red downward triangle is plotted when a new bearish trend starts.
Trend Strength Labels:
The indicator displays the current market strength classification and whether the trend is bullish, bearish, or neutral.
Strength Analysis Table:
Provides insights on whether the market has bullish, bearish, mixed strength, or no strength at all.
This indicator is particularly useful for traders looking to identify strong trends and catch early trend reversals.
Pearson OscillatorThe Pearson Oscillator is a custom TradingView indicator that leverages statistical correlation analysis to gauge the trend strength of a given price series. By calculating the Pearson correlation coefficient between time (as an index) and price over a user-defined period, the indicator provides traders with an insight into how strongly the market is trending or oscillating.
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Key Features
- User-Defined Parameters:
– Set the calculation length, price source, and smoothing period.
– Adjust upper and lower threshold levels to suit your trading strategy.
– Customize color settings for increasing, decreasing, and neutral conditions.
- Dynamic Trend Analysis:
– Computes the Pearson correlation coefficient to measure the relationship between time and price.
– Applies a simple moving average to smooth out fluctuations in the coefficient, offering a more stable reading.
- Visual Representation:
– Plots the smoothed Pearson coefficient as a continuous line.
– Displays a histogram showing the variation (first derivative) of the coefficient to highlight changes in trend strength.
– Draws horizontal reference lines at the specified upper and lower thresholds as well as at the zero level for quick visual assessment.
- Alerts and Dynamic Labeling:
– Automatically triggers alerts when the smoothed Pearson coefficient crosses the predefined threshold levels, so you never miss a potential market turning point.
– Generates a dynamic label on the last bar that displays important statistical information, including:
- The current Pearson coefficient (rounded to three decimals).
- A classification of correlation strength (e.g., STRONG, MEDIUM, WEAK, NEUTRAL) based on the absolute value of the coefficient.
- The trend direction (Upward, Downward, or Stable).
- The delta of the coefficient, offering insight into how quickly the trend is evolving.
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How It Works
1. Calculation of the Pearson Coefficient:
- A custom function iterates over a specified number of price bars, summing time indices, price values, and their squared and cross-products.
- Using the Pearson correlation formula, it computes a coefficient that ranges between -1 and 1—values close to ±1 indicate a strong trend or linear relationship, while values near 0 suggest a weak or non-existent trend.
2. Smoothing Process:
- The raw Pearson coefficient is then smoothed using a simple moving average (SMA) to reduce noise and provide a clearer view of the underlying trend.
3. Delta (Variation) Computation:
- The script calculates the change (delta) between the current smoothed coefficient and its value on the previous bar.
- This derivative is plotted as a histogram, signaling the speed at which the correlation (and thus the trend) is changing.
4. Visual and Alert Mechanisms:
- The smoothed coefficient and its delta are plotted with colors that dynamically update to reflect increasing or decreasing trends.
- Horizontal lines set at user-defined thresholds help to quickly identify overbought or oversold (or extreme correlation) scenarios.
- Alerts are defined to notify you when the smoothed coefficient crosses these key levels, ensuring timely trade decisions.
5. Dynamic Label:
- At the last bar, a dynamic label is created displaying the current Pearson value, its strength, the direction of the trend, and the delta.
- This quick snapshot helps traders assess the market condition at a glance without diving into detailed analysis.
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Why Use the Pearson Oscillator?
This indicator is particularly useful for traders who need a quantitative measure of trend strength that goes beyond traditional moving averages. By integrating statistical correlation directly into market analysis, the Pearson Oscillator helps you:
- Identify periods of strong trending behavior or potential reversals.
- Enhance your risk management through early alerts.
- Visualize the rate of change in market sentiment, enabling more informed entry and exit decisions.
Whether you are a technical analyst or a systematic trader, this indicator provides a robust tool to complement your existing trading toolkit.
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The Pearson Oscillator merges statistical insights with technical charting, creating an intuitive yet powerful tool for market analysis. With its adjustable parameters, visual cues, dynamic labeling, and automated alerts, it assists traders in monitoring and responding to evolving market conditions efficiently. This makes it a valuable addition to any TradingView chart, particularly for those looking to quantify the strength and evolution of market trends.
Feel free to adapt the parameters and visual settings to best align the indicator with your trading strategy. Happy trading!
Multi-Timeframe 200 EMAMulti-Timeframe 200 EMA Indicator
Description:
This indicator plots the 200-period Exponential Moving Average (EMA) from multiple timeframes on a single chart. It allows traders to visualize key trend levels across different timeframes, helping with confluence, trend identification, and potential trade setups.
Key Features:
Multi-Timeframe EMAs: Displays the 200 EMA from the 2m, 5m, 15m, 30m, 1hr, and 4hr timeframes, regardless of the chart's current timeframe.
Dynamic Labeling: Each EMA is labeled with its respective timeframe (e.g., "2m", "1hr", "4hr") and the labels update in real-time, staying on the current EMA value.
Auto-Updating Labels: The labels move with the EMAs as new candles form, ensuring a clean and informative display. Old labels automatically disappear to prevent clutter.
Color-Coded EMAs: Each EMA has a unique color, making it easy to differentiate between timeframes.
How to Use This Indicator in Trading:
Trend Confirmation: If price stays above the higher timeframe 200 EMA (e.g., 1hr, 4hr), it suggests an uptrend; below it suggests a downtrend.
Support & Resistance Zones: The 200 EMA from larger timeframes often acts as strong dynamic support or resistance.
Multi-Timeframe Confluence: If multiple EMAs are aligned in the same direction, it strengthens the trend bias.
Reversal or Breakout Signals: When price crosses above or below a higher timeframe EMA, it could indicate a potential trend change or breakout opportunity.
Best Used For:
🔹 Scalpers & Day Traders: Helps identify intraday trends and key levels across multiple timeframes.
🔹 Swing Traders: Useful for aligning trade setups with higher timeframe trends.
🔹 Trend Followers: Provides confirmation of long-term trends using the 200 EMA.
