Auto Trendline Indicator (based on fractals)A tool that automatically draws out trend lines by connecting the most recent fractals.
Description:
The process of manual drawing out trend lines is highly subjective. Many times, we don’t trade what we see, but what we “want to see”. As a result, we draw lines pointing to the direction that we wishfully want price to move towards. While there are no right/wrong ways to draw trend lines, there are, however, systematic/unsystematic ways to draw trend lines. This tool will systematically draw out trend lines based on fractals.
Additional feature:
This tool will also plot out symbols (default symbol “X”) to signify points of crossings. This can be useful for traders considering to use trend lines as part of their trading strategies.
Here is an interesting observation on the price actions of NASDAQ futures on a 5 second chart during regular trading hours on July 14, 2022.
It’s a phenomenon. People like to see straight lines connecting HL/LH, etc., so it's possible for the market as a whole to psychologically react to these lines. However, it is important to note that is is impossible to predict the direction of price. In the case above, price could have tanked below auto-drawn trend line. Fractal based trend lines should only be taken as references and regarded as price levels. No studies have ever proven that the slope of trend lines can indicate price's future direction.
More about fractals:
To understand more about fractals:
www.investopedia.com
www.tradingview.com
Contrary to what it sounds like, fractal in "technical analysis" does not refer to the recursive self-repeating patterns that appear in nature, such as the mesmerizing patterns found in snowflakes. The Fractal Markets Hypothesis claims that market prices exhibit fractal properties over time. Assuming this assertion to be true, then fractals can be used a tool to represent the chaotic movements of price is a simplified manner.
The purpose of this exercise is to take a tool that is readily available (ie. in this case, TradingView’s built-in fractals tool), and to create a newer tool based on it.
Parameters:
Fractal period (denoted as ‘n’ in code): It is the number of bars bounding a high/low point that must be lower/higher than it, respectively, in order for fractal to be considered valid. Period ‘n’ can be adjusted in this tool. Traditionally, chartists pick the value of 5. The longer it is, the less noise seen on the chart, and the pivot point may also be exhibited in higher timeframes. The drawback is that it will increase the period of lag, and it will take more bars to confirm the printed fractal.
Others: Intuitive parameters such as whether to draw historical trend lines, what color to use, which way to extend the lines, and whether or not to show points of crossings.
Точки разворота и уровни
SweetSweetLucia: OnceADayUpdated:
3 Bar Typical Price (Offset 1 Bar)
1 Bar Open Price
Crosses are Opening Crossings of Typical Price
Squares are Intraday Close over Typical Price
Line Graph is Close, with colors
Short, Medium, and Large Fractal Wave Moving Averages
Format is Price Action
Thanks
Titans Empirical LevelsThis indicator marks key pivot levels across two higher timeframes, longer term, and medium term.
When a pivot high or low is detected at the higher timeframe, a line is plotted in the future.
The user may select timeframes and pivot sensitivities in the indicator settings.
As no calculation is involved, the levels are identified purely from historical precedent.
Overlapping lines could imply strength of recent support/resistance at that level.
This indicator should be used in combination with other indicators.
The user is advised to use this indicator at his own risk.
SweetSweetLucia: OnceADayA Typical Price Drummond Line, with a Floor Pivot Open Signal Line.
The Three Day Average, is not offset.
The crossing is significant in many strategies.
The circle is an intraday crossing.
The crosses are the signal openings.
Caution: divergence can cause a false positive.
This strategy is for Daily Bars Only!
Thanks.
JPY PPLPsychological Price Levels for JPY Pairs (Price Action Institutional Levels 1, 0.200, 0.500, 0.800, 1)
Applicable for forex Yen Pairs.
Levels are configurable for color, style.
Comments, Suggestions and Feedback are appreciated.
Gann CalculatorThis indicator plots gann levels.
Go to settings and enter the latest gann level.
Enjoy..
Open Lines (Nephew_Sam_)Plots open lines and custom label based on a time provided
Can plot upto 3 lines with labels
Settings includes:
1. Show Line - Hour - Minute - Label Text - Line and Label Color
2. Max lines, Width, Size
Next Gen Auto S/RThis indicator will automatically plot support and resistance levels and will also allow you to overlay multi time frame support and resistance on any time frame that you are currently conducting analysis on. In addition you can also set alerts when a support and resistance level is tested, fine tune how many levels you would like to view on your charts, option to input how many candlesticks minimum you would like between support and resistance levels. You can also select breakout mode which will turn old support into resistance by a colour change and turn old resistance into support. NEW you can now use extended levels and change your zones into lines.
Autodrawn Pivot Levels IndicatorAn experiment with pinescript's line.new() function. The Autodrawn Pivot Levels indicator draws horizontal lines in areas where prices have been flat, which serve as pivot points. This can be useful for pivot trading as it visually shows several critical levels
Aditya UkirdeAll indicators can be added
Trading made very easy with help of indicators
Users can mail me to edit this indicator as per users need(adityaukirde7775(at)gmail.com)
Bobbin DetectorENGLISH
BOBBINS (cluster)
BOBBINs can also be called clusters. In the region where the price sees an up and down
similar to side-by-side BOBBINs formed by clustering. The decision is the region.
In the BOBBIN formation, the bars are not taken into account much at first. with BOBBINs
When using other formations, attention should be paid to the needles.
through
Sellers dominate from above, price falls; price with more buyers below
comes out again. Until either side gives up or one side of a buy or sell order
This go-and-go movement continues until it ends. When finished, the BOBBIN dissolves and destroys
The movement towards the shadow continues.
Often the BOBBINs are voluminous untied. A strong candle with momentum
bar is formed. This is where Supdems, that is, supply-demand drawings come into play.
TÜRKÇE
BOBİNLER
Bobinlere küme de denilebilir. Fiyatın bir yukarı bir aşağı doğru giderek aynı bölgede
kümelenmesiyle oluşur, yan yana dizilmiş bobinlere benzer. Karar bölgesidir.
Bobin oluşumunda barların iğneleri ilk başta çok dikkate alınmaz. Bobinler ile birlikte
başka formasyonlar kullanılırken iğnelere dikkat edilir.
Yukarıdan satıcılar baskın çıkar, fiyat düşer; aşağıda alıcıların fazla olmasıyla fiyat
tekrar çıkar. İki taraftan biri pes edinceye kadar ya da alış ya da satış emirlerinin bir tarafı
bitinceye kadar bu git-gel hareketi devam eder. Bittiği zaman bobin çözülür ve yok ettiği
gölgeye doğru hareket devam eder.
Çoğu zaman bobinler hacimli bir şekilde çözülür. Momentumlu, kuvvetli bir mum
çubuk oluşur. İşte burada da Supdem’ler yani arz-talep çizimleri devreye girer.
kaynak:
Price Action TR
psk 15min levels This indicator plots 15 minute high low values . It also plots 15 minute range mid point and other levels.
Gann Levels For Nifty Gann Levels for nifty 50 is very important to trade in options. so i create 50 gann levels for intraday trading.
MTF High and Low FractionsMTF High and Low Fractions
Description
An experimental script that prints 1/3, 1/4 and 1/8 levels of the previous timeframe's high and low to the current timeframe. The idea is quite simple. It mirrors the the previous high and low with user selected levels. The default setting is the previous daily high and low but can be customized on user discretion.
New levels are printed after the close of the previous timeframe and open of the new timeframe (user's timeframe setting).
How To Use
Levels should not be used blindly. Levels can be used as confluence when aligned with high probability supply and demand zones, support, resistance, order blocks, and so on.
SD LevelsSD Levels is an indicator for the gap-up gap down markets
Works best on 5minute and lower time frames.
Involves standard deviation levels, Emas and Vwap.
Colorful lines are standard deviation levels which are +0.33,-0.33,+0.66,-0.66,+1.00 and -1.00 based.
Static Gray line is settlement line based on the first candle of the day and the tf you choose (default source OHLC4, also works good on close source)
Fibonacci Pivot Points UltimateA better version of the Fibonacci Pivot Points . I added 100, 138, 161 and 200 support/resistance pivots , lookback function and now you can use daily/weekly/monthly/yearly fibonacci pivot points .
VOTrade Margin Zones CMEMargin zones are zones that are strong support and resistance levels and on the basis of which further movement of a trading instrument can be assumed. Margin zones are built based on the levels of margin requirements for futures of the Chicago Mercantile Exchange (CME), which corresponds to a specific trading instrument on the spot market. The margin requirement levels form a certain amount of the futures move (and therefore the corresponding currency pair), conditionally this can be called the volatility that the market maker sets for the trading instrument.
Margin zones in trading are the areas to which the price reacts, and the closing of the day (the American trading session) below or above a certain level signals to us about the potential of a further trend (this is one of the classic rules based on observation and statistics collection, but you can use the zones as a kind of volatility move in other ways).
Realtime Divergence for Any IndicatorThis indicator is an addon to any oscillating indicator. It shows divergences. It shows realtime divergences too. Realtime divergences are potential divergences because the actual pivot is not fully formed.
It shows:
Regular Bullish Divergences
Hidden Bullish Divergences
Regular Bearish Divergences
Hidden Bearish Divergences
Reatime divergence lines are dashed lines while non-reatime are solid.
This script also offers a fair bit of control over what you can accept as a legitimate divergence.
Also note that functions tend to not work properly in conditional and loop structures so I couldn't use a lot of functions and consequently my script is really big. Sorry.
ATRvsDTR + ADR Zone + SSS50%This Script is to be used for intra day as far as the adr zones. The adr zones are used as support and resistance but also can be used to determine whether the stock is breaking out or not. Also being that the adr zones are calculated using a 5 or 10 day period unless you change the settings, and are set when price opens. It does really help you know whether a stock is moving more than it does on average to me it just signifies its directional. So I added the atr vs dtr so you can see what a stock moves on average versus what it has moved today.
The atr period is calculated based on the daily period unless you change the settings. I added to the original script 3 more percentages the atr vs dtr will change as it goes higher so that you can be aware when the stock is getting closer to moving 100% of its atr. Even though a stock breaks above or below the adr that doesn't mean it has moved more than it normally moves.
I also have the weekly open on the script as I trade the strat and I want to know, at what price the the week will change from bearish to bullish and vice versa. So that I can understand the trend when I am trading intraday.
The 50% lines were added for Sara strat snipers 50% rule and you can change the timeframes on them. This is used to know whether a candle will go 3. This also can help with retracements vs reversals, because in traditional technical analysis 50% is around where people start think its a reversal more so than a retracement.
I believe the script will be very help as it can show you price being directional but can also let you know when the stock is getting close to moving more than it normally has or if it has moved more than it normally has. As well as being able to see if something is a retracement vs a reversal. I trade TheStrat strategy so this can be very helpful in that regard
The 50% retracement levels are default 1h and daily. You can change them and whether or not they show
In the example chart you can see we are below weekly open which is bearish and you can also see where price reverses out of the upper adr zone. As well as how much of the atr we have moved on this day in time.
Order Flow Imbalance Finder By TurkThis indicator is created to find the imbalances when a market exchange receives too many of one kind of order—buy, sell, limit—and not enough of the order's counterpoint and price shoots up or down and it left with unfilled orders. If you know how to trade the imbalances, this indicator can help you by find imbalances automatically.
Waddah Attar Weekly Camarilla Pivots [Loxx]Waddah Attar Weekly Camarilla Pivots is an indicator built by Ahmad Waddah Attar that draws weekly Camarilla over lower timeframes.
What are Camarilla pivots?
Camarilla Pivot Points is a math-based price action analysis tool that generates potential intraday support and resistance levels. Similar to classic pivot points, it uses the previous day's high price, low price, and closing price.
Camarilla Pivot Points is a modified version of the classic Pivot Point. Camarilla Pivot Points were introduced in 1989 by Nick Scott, a successful bond trader. The basic idea behind Camarilla Pivot Points is that price has a tendency to revert to its mean until it doesn’t. What makes it different than the classic pivot point formula is the use of Fibonacci numbers in its calculation of pivot levels. Camarilla Pivot Points is a math-based price action analysis tool that generates potential intraday support and resistance levels.
Details
-Used for intraday trading to identify support/resistance levels
-Restricted to timeframes 4 hours and below
-Unlike most versions of Weekly Camarilla Pivots, this version allows you to customize the Fibonacci levels
v2.3 Weekly Fibo Candle Middle LineThis is a real time tools assisting traders in monitoring the Fibonacci Retracement Levels while the range is extending in real time run. I have simply marked the three most important Fibonacci retracement level, namely 38.2%, 50%, 61.8% which are colored and marked as blue Fibo_up, red Fibo_mid and blue Fibo_low. Should you have any idea in trading with other Fibonacci levels, please send me your feedback for improvement and sharing.