The Breakouts Tests & Retests indicator highlights tests and retests of levels constructed from detected swing points. A swing area of interest switches colors when a breakout occurs. Users can control the sensitivity of the swing point detection and the width of the swing areas. 🔶 USAGE When a Swing point is detected, an area of interest is drawn,...
Support and Resistance (High Volume Boxes) ◆ Overview: The "Support and Resistance" indicator identifies key support and resistance levels using pivot points and volume analysis. It visually represents these levels with dynamically colored boxes, indicating the strength of the volume. This helps traders recognize potential price reversals and key zones for buy...
The Wave Consolidation indicator uses market profiles to highlight consolidation zones based on upward and downward moves determined when a Higher-High or Lower-Low is created. Users can control the amount of consolidation zones to display and the sensitivity of the swing point detection used to return those zones. 🔶 USAGE These zones are intended as...
The Market Structure Targets Model indicator provides an algorithmic approach to setting targets from market structure shifts (MSS) and market structure breaks (MSB), two popular Smart Money Concept (SMC) concepts. Depending on the target % settings, they can be used as take profit, confirmation levels, or potential reversal points. 🔶 USAGE Our Market...
🔵 Introduction "Smart Money" refers to funds under the control of institutional investors, central banks, funds, market makers, and other financial entities. Ordinary people recognize investments made by those who have a deep understanding of market performance and possess information typically inaccessible to regular investors as "Smart Money". Consequently,...
The "Price and Volume Breakout Buy Strategy" is a trading strategy designed to identify buying opportunities by detecting concurrent price and volume breakouts over a specified range of candlesticks. This strategy is optimized for assets demonstrating high volatility and significant momentum spikes. HOW IT WORKS The strategy first takes the specific number of...
The Anchored Monte Carlo Shuffled Projection tool randomly simulates future price points based on historical bar movements made before a user-anchored point in time. By anchoring our data and projections to a single point in time, users can better understand and reflect on how the price played out while taking into consideration our random simulations. 🔶 USAGE...
Inspired and based on ismailcarlik's Trend Lines, Supports and Resistances. Additions include an overall upgrade to Pinescript v5, changes in the way resistance and support levels are calculated, improved visual queues, and additional customization options. This indicator is meticulously crafted to provide traders with visual tools for identifying trend lines,...
🔵 Introduction 🟣 ICT The "ICT" style is a subset of "Price Action" technical analysis. The primary goal of the ICT trading strategy is to merge "Price Action" with the "Smart Money" concept to pinpoint optimal trade entry points. However, this approach's strength extends beyond merely finding entry points. It also helps traders gain a deeper understanding of...
Weighted Moving Range with Trend Signals (WMR-TS) Technical analysis involves analyzing statistical trends from trading activity , such as price movement and volume, to make trading decisions. Technical indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. They are used by traders to analyze price...
The "Reversal Zones with Signals" indicator is an advanced technical analysis tool designed to help traders identify potential market reversal points. By integrating Relative Strength Index (RSI), moving averages, and swing high/low detection, this indicator provides traders with clear visual cues for potential buy and sell opportunities. Key Features and...
The Volume Profile with Node Detection is a charting tool that allows visualizing the distribution of traded volume across specific price levels and highlights significant volume nodes or clusters of volume nodes that traders may find relevant in utilizing in their trading strategies. 🔶 USAGE The volume profile component of the script serves as the...
The "Moving Average Bands with Signals combines various moving average types with ATR-based bands to help traders identify potential support and resistance levels. It plots moving average bands with upper and lower support/resistance levels based on the Average True Range (ATR) and user-defined settings.Additionally, the script generates buy/sell signals based...
This indicator dynamically captures the highest and lowest points visible on the chart and calculates Gann Support and Resistance Levels. The inputs are detailed below. Why create this indicator? There is no other indicator with the same functionality on TradingView. These calculations are time-consuming; the speed at which this indicator calculates any...
Volatility ATR Support and Resistance Bands The “Volatility ATR Support and Resistance Bands” is a trend visualization tool that uses Average True Range (ATR) to create a dynamic channel around price action, adapting to changes in volatility and offering clear trend indicators. The band direction can indicate trend and the lines can indicate support and...
🔵 Introduction The book "The Logical Trader" begins with a comprehensive review of the ACD Methodology principles, which include identifying specific price points related to the opening range. This method allows you to set reference points for trading and use points "A" and "C" for trade entry. You will also learn about the "Pivot Range" and how to combine...
How this indicator works : 1. Setup and Inputs: The script sets up user inputs for various parameters such as pivot period (prd), pivot source (ppsrc), maximum channel width (ChannelW), maximum number of support/resistance levels (maxnumsr), minimum strength (min_strength), label location (labelloc), line style (linestyle), and line width (linewidth).Colors for...
█ OVERVIEW The Pivot Levels Indicator provides real-time insight into key price levels within the market that can serve as powerful support and resistance levels. These levels are based on currently-relevant price-action information to ensure that the lines being drawn provide the most value to traders regardless of their trading style. The aim of this script is...