Deep Crab Harmonic Pattern [TradingFinder] Reversal Zones🔵 Introduction
The Deep Crab pattern is a 5-point extension harmonic structure (X-A-B-C-D) used in technical analysis to identify potential reversal points in financial markets. Like the original Crab pattern, it heavily relies on a 1.618 XA projection to form the Potential Reversal Zone (PRZ).
However, the key difference lies in the B point, which must be an 0.886 retracement of the XA leg. The D point in this pattern typically extends beyond the X point, signaling a strong potential reversal in price movement.
Bullish Deep Crab :
The Bullish Deep Crab is a pattern used in technical analysis to spot potential trend reversals. It signals a shift from a downtrend to an uptrend. Traders enter a buy position at the D point and set a stop-loss below point X, anticipating a price increase.
Bearish Deep Crab :
The Bearish Deep Crab is a reversal pattern that indicates the potential end of an uptrend. Traders enter a sell position at point D and set a stop-loss above point X, expecting the price to fall afterward.
🟣 Crab Vs Deep Crab
The Crab and Deep Crab patterns are both used to identify reversal points in technical analysis, but they differ in terms of correction depth :
Crab : The B point retraces between 38.2% to 61.8% of the XA leg, and point D extends beyond X, indicating a price reversal after a smaller correction.
Deep Crab : The B point retraces more deeply, around 88.6% of the XA leg, and point D has a stronger extension, signaling a reversal after a deeper correction.
The Deep Crab is more suited for identifying stronger price movements.
🔵 How to Use
To effectively use the Deep Crab pattern, it’s essential to correctly identify its five key points (X, A, B, C, and D) based on Fibonacci retracements and extensions. Traders look for a deep retracement at point B, followed by an extended move to point D, which typically signals a strong price reversal.
Once these points are established, traders can strategically enter positions at point D with appropriate stop-loss and take-profit levels, capitalizing on the anticipated market reversal. Proper use of Fibonacci tools is crucial for accurate pattern identification.
🟣 Bullish Deep Crab
To use the Bullish Deep Crab pattern, a trader identifies point D as the key price reversal point in a downtrend. Using Fibonacci tools, points X, A, B, and C are identified, with point B showing an 88.6% retracement of XA, and CD extending 1.618% of XA.
The trader enters a buy position at point D and sets a stop-loss below X, expecting a reversal from a downtrend to an uptrend.
🟣 Bearish Deep Crab
In the Bearish Deep Crab pattern, point D acts as the reversal point in an uptrend. After identifying points X, A, B, and C, D extends 1.618% of XA. Point B retraces 88.6% of XA. Traders enter a sell position at point D and place a stop-loss above X, anticipating a drop in price.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The Deep Crab pattern is a valuable reversal tool in technical analysis, known for its deep retracement and extended price movements.
Unlike other harmonic patterns, it emphasizes identifying critical points where price action is likely to reverse sharply. This pattern works well in both bullish and bearish market scenarios, offering clear signals for entry and exit points.
However, successful application requires a deep understanding of market behavior and precise use of technical tools like Fibonacci retracement. Overall, mastering this pattern can enhance trading strategies and risk management.
Retracement
Harmonic, wave and Fibonacci [Hunter Algo]This Pine Script indicator is designed to identify various harmonic patterns, wave formations, and Fibonacci retracements directly on your TradingView charts. The script offers a comprehensive toolset for traders who use technical analysis to spot potential market reversals and continuation patterns.
Key Features:
Harmonic Pattern Detection: Automatically identifies and labels popular harmonic patterns like Bat, Gartley, Butterfly, Crab, Shark, and many more.
Fibonacci Levels: Displays key Fibonacci retracement levels, including 0.236, 0.382, 0.500, 0.618, 0.764, and 1.000, providing critical levels for entry, exit, and stop-loss placement.
Heiken Ashi Option: Option to use Heiken Ashi candles for pattern detection, providing smoother price action analysis.
Alternate Timeframe Support: Analyze patterns on different timeframes by enabling the alternate timeframe feature.
Customizable Display: Choose which patterns and Fibonacci levels to display, allowing you to focus on the most relevant data for your trading strategy.
This script is highly versatile, making it suitable for both novice and experienced traders looking to enhance their chart analysis with automated pattern recognition.
ICT KillZones + Pivot Points [TradingFinder] Support/Resistance 🟣 Introduction
Pivot Points are critical levels on a price chart where trading activity is notably high. These points are derived from the prior day's price data and serve as key reference markers for traders' decision-making processes.
Types of Pivot Points :
Floor
Woodie
Camarilla
Fibonacci
🔵 Floor Pivot Points
Widely utilized in technical analysis, floor pivot points are essential in identifying support and resistance levels. The central pivot point (PP) acts as the primary level, suggesting the trend's likely direction.
The additional resistance levels (R1, R2, R3) and support levels (S1, S2, S3) offer further insight into potential trend reversals or continuations.
🔵 Camarilla Pivot Points
Featuring eight distinct levels, Camarilla pivot points closely correspond with support and resistance, making them highly effective for setting stop-loss orders and profit targets.
🔵 Woodie Pivot Points
Similar to floor pivot points, Woodie pivot points differ by placing greater emphasis on the closing price, often resulting in different pivot levels compared to the floor method.
🔵 Fibonacci Pivot Points
Fibonacci pivot points combine the standard floor pivot points with Fibonacci retracement levels applied to the previous trading period's range. Common retracement levels used are 38.2%, 61.8%, and 100%.
🟣 Sessions
Financial markets are divided into specific time segments, known as sessions, each with unique characteristics and activity levels. These sessions are active at different times throughout the day.
The primary sessions in financial markets include :
Asian Session
European Session
New York Session
The timing of these major sessions in UTC is as follows :
Asian Session: 23:00 to 06:00
European Session: 07:00 to 14:25
New York Session: 14:30 to 22:55
🟣 Kill Zones
Kill zones are periods within a session marked by heightened trading activity. During these times, trading volume surges and price movements become more pronounced.
The timing of the major kill zones in UTC is :
Asian Kill Zone: 23:00 to 03:55
European Kill Zone: 07:00 to 09:55
New York Kill Zone: 14:30 to 16:55
Combining kill zones and pivot points in financial market analysis provides several advantages :
Enhanced Market Sentiment Analysis : Aligns key price levels with high-activity periods for a clearer market sentiment.
Improved Timing for Trade Entries and Exits : Helps better time trades based on when price movements are most likely.
Higher Probability of Successful Trades : Increases the accuracy of predicting market movements and placing profitable trades.
Strategic Stop-Loss and Profit Target Placement : Allows for precise risk management by strategically setting stop-loss and profit targets.
Versatility Across Different Time Frames : Effective in both short and long time frames, suitable for various trading strategies.
Enhanced Trend Identification and Confirmation : Confirms trends using both pivot levels and high-activity periods, ensuring stronger trend validation.
In essence, this integrated approach enhances decision-making, optimizes trading performance, and improves risk management.
🟣 How to Use
🔵 Two Approaches to Trading Pivot Points
There are two main strategies for trading pivot points: utilizing "pivot point breakouts" and "price reversals."
🔵 Pivot Point Breakout
When the price breaks through pivot lines, it signals a shift in market sentiment to the trader. In the case of an upward breakout, where the price crosses these pivot lines, a trader might enter a long position, placing their stop-loss just below the pivot point (P).
Conversely, if the price breaks downward, a short position can be initiated below the pivot point. When using the pivot point breakout strategy, the first and second support levels can serve as profit targets in an upward trend. In a downward trend, these roles are filled by the first and second resistance levels.
🔵 Price Reversal
An alternative method involves waiting for the price to reverse at the support and resistance levels. To implement this strategy, traders should take positions opposite to the prevailing trend as the price rebounds from the pivot point.
While this tool is commonly used in higher time frames, it tends to produce better results in shorter time frames, such as 1-hour, 30-minute, and 15-minute intervals.
Three Strategies for Trading the Kill Zone
There are three principal strategies for trading within the kill zone :
Kill Zone Hunt
Breakout and Pullback to Kill Zone
Trading in the Trend of the Kill Zone
🔵 Kill Zone Hunt
This strategy involves waiting until the kill zone concludes and its high and low lines are established. If the price reaches one of these lines within the same session and is strongly rejected, a trade can be executed.
🔵 Breakout and Pullback to Kill Zone
In this approach, once the kill zone ends and its high and low lines stabilize, a trade can be made if the price breaks one of these lines decisively within the same session and then pulls back to that level.
🔵 Trading in the Trend of the Kill Zone
Kill zones are characterized by high trading volumes and strong trends. Therefore, trades can be placed in the direction of the prevailing trend. For instance, if an upward trend dominates this area, a buy trade can be entered when the price reaches a demand order block.
Pivot Points Level [TradingFinder] 4 Methods + Reversal lines🔵 Introduction
"Pivot Points" are places on the price chart where buyers and sellers are most active. Pivot points are calculated based on the previous day's price data and serve as reference points for traders to make decisions.
Types of Pivot Points :
Floor
Woodie
Camarilla
Fibonacci
🟣 Floor Pivot Points
Floor pivot points are widely used in technical analysis. The central pivot point (PP) serves as the main level of support or resistance, indicating the potential direction of the trend.
The first to third levels of resistance (R1, R2, R3) and support (S1, S2, S3) provide additional signals for potential trend reversals or continuations.
Floor Pivot Points Formula :
Pivot Point (PP): (H + L + C) / 3
First Resistance (R1): (2 * P) - L
Second Resistance (R2): P + H - L
Third Resistance (R3): H + 2 * (P - L)
First Support (S1): (2 * P) - H
Second Support (S2): P - H + L
Third Support (S3): L - 2 * (H - P)
🟣 Camarilla Pivot Points
Camarilla pivot points include eight levels that closely align with support and resistance. These points are particularly useful for setting stop-loss and profit targets.
Camarilla Pivot Points Formula :
Fourth Resistance (R4): (H - L) * 1.1 / 2 + C
Third Resistance (R3): (H - L) * 1.1 / 4 + C
Second Resistance (R2): (H - L) * 1.1 / 6 + C
First Resistance (R1): (H - L) * 1.1 / 12 + C
First Support (S1): C - (H - L) * 1.1 / 12
Second Support (S2): C - (H - L) * 1.1 / 6
Third Support (S3): C - (H - L) * 1.1 / 4
Fourth Support (S4): C - (H - L) * 1.1 / 2
🟣 Woodie Pivot Points
Woodie pivot points are similar to floor pivot points but place more emphasis on the closing price. This method often results in different pivot levels than the floor method.
Woodie Pivot Points Formula :
Pivot Point (PP): (H + L + 2 * C) / 4
First Resistance (R1): (2 * P) - L
Second Resistance (R2): P + H - L
First Support (S1): (2 * P) - H
Second Support (S2): P - H + L
🟣 Fibonacci Pivot Points
Fibonacci pivot points use the standard floor pivot points and then apply Fibonacci retracement levels to the range of the previous trading period. The common retracement levels used are 38.2%, 61.8%, and 100%.
Fibonacci Pivot Points Formula :
Pivot Point (PP): (H + L + C) / 3
Third Resistance (R3): PP + ((H - L) * 1.000)
Second Resistance (R2): PP + ((H - L) * 0.618)
First Resistance (R1): PP + ((H - L) * 0.382)
First Support (S1): PP - ((H - L) * 0.382)
Second Support (S2): PP - ((H - L) * 0.618)
Third Support (S3): PP - ((H - L) * 1.000)
These pivot point calculations help traders identify potential support and resistance levels, enabling more informed decision-making in their trading strategies.
🔵 How to Use
🟣 Two Methods for Trading Pivot Points
There are two primary methods for trading pivot points: trading with "pivot point breakouts" and trading with "price reversals."
🟣 Pivot Point Breakout
A breakout through pivot lines provides a significant signal to the trader, indicating a change in market sentiment. When an upward breakout occurs and the price crosses these lines, a trader can enter a long position and place their stop-loss below the pivot point (P).
Similarly, if a downward breakout happens, a short order can be placed below the pivot point.
When trading with pivot point breakouts, if the upward trend breaks, the first and second support levels can be the trader's profit targets. In a downward trend, the first and second resistance levels will serve this role.
🟣 Price Reversal
Another method for trading pivot points is waiting for the price to reverse from the support and resistance levels. To execute this strategy, one should trade in the opposite direction of the trend as the price reverses from the pivot point.
It's worth noting that although traders use this tool in higher time frames, it yields better results in shorter time frames such as one-hour, 30-minute, and 15-minute intervals.
Auto Fibonacci Retracement // Atilla YurtsevenOverview:
This Pine Script™ is a specialized tool for traders, designed to automatically plot Fibonacci retracement levels over a user-defined date range in trading charts. It also indicates the extent of price retracement within these levels.
Key Features:
Date Range Customization: Users can specify the start and end dates to focus the analysis on a particular trading period.
Dynamic Fibonacci Levels: The script includes various Fibonacci ratios (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), with the flexibility to enable or disable individual levels.
Visual Customization: Each Fibonacci level can be customized for color and line style (solid, dotted, dashed). Labels for each level are also configurable.
Retracement Measurement: The script not only draws the Fibonacci levels but also measures and displays how much the price has retraced within these levels.
Extension and Additional Options: Users have options to extend the Fibonacci lines and additional features such as using close values, trend drawing, date range display, and more.
Technical Insights:
The script identifies high and low values within the selected time frame, assessing the market's trend direction.
Within the specified date range, this script effortlessly plots the Fibonacci levels automatically, bringing clarity and precision to your market analysis as it unfolds.
The tool's adaptability makes it suitable for various trading styles and chart preferences.
Intended Use:
This script is particularly valuable for technical analysts and traders who use Fibonacci retracements to identify potential support and resistance areas and understand the depth of market corrections or rallies.
Disclaimer:
This Pine Script™ is offered 'as is', without any guarantees or warranties. It is intended for informational purposes and should not be taken as investment advice. Atilla Yurtseven, the creator of this script, assumes no responsibility for any financial losses or gains that may result from its usage. Users should perform their own due diligence and consult with professional advisors before making any investment decisions.
Remember to follow and comment!
Trade smart, stay safe
Atilla Yurtseven
Triple Ehlers Market StateClear trend identification is an important aspect of finding the right side to trade, another is getting the best buying/selling price on a pullback, retracement or reversal. Triple Ehlers Market State can do both.
Three is always better
Ehlers’ original formulation produces bullish, bearish and trendless signals. The indicator presented here gate stages three correlation cycles of adjustable lengths and degree thresholds, displaying a more refined view of bullish, bearish and trendless markets, in a compact and novel way.
Stick with the default settings, or experiment with the cycle period and threshold angle of each cycle, then choose whether ‘Recent trend weighting’ is included in candle colouring.
John Ehlers is a highly respected trading maths head who may need no introduction here. His idea for Market State was published in TASC June 2020 Traders Tips. The awesome interpretation of Ehlers’ work on which Triple Ehlers Market State’s correlation cycle calculations are based can be found at:
DISCLAIMER: None of this is financial advice.
Fibonacci Ranges (Real-Time) [LuxAlgo]The "Fibonacci Ranges" indicator combines Fibonacci ratio-derived ranges (channels), together with a Fibonacci pattern of the latest swing high/low.
🔶 USAGE
The indicator draws real-time ranges based on Fibonacci ratios as well as retracements. Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal.
Each range extremity/area can also be used as support/resistance.
🔶 CONCEPTS
Fibonacci Channels
Latest Fibonacci
Both, Latest Fibonacci and Fibonacci Channels , display different Fibonacci levels (labels not included in the code):
However, the 2 react in a totally different way.
🔹 Fibonacci Channels
2 conditions must be fulfilled until a Fibonacci Channel is displayed:
New swing high/low
close has to be between chosen limits/levels ( Break level )
As visual guidance, chosen Break levels are accentuated by 2 small gray blocks:
Once the channel is displayed, it will remain visible until x consecutive bars break out of the chosen Break level at closing time.
• x consecutive bars is set by Break count .
The amount of breaks is counted in the code. When the price, without breaking the user-set limit, closes back between the 2 levels, the count is reset to 0.
By enabling Channels and Shadows you can see previous channels (" Shadows ", which is always delayed with 1 bar)
Previous channels can be helpful in finding potential support/resistance areas, especially from large channel blocks
The more narrow Break levels are set the less chance the price closes between these 2 levels, and the quicker close breaks out.
In other words, narrow levels give fewer & smaller channels, broader levels give more & larger channels.
Note:
• swing settings: L & R
• Break count (x consecutive bars that close outside chosen levels to invalidate the Fibonacci Channel )
will also be of influence in displaying the channels.
• Show breaks enable you to visualize signals when there is a break:
• Alerts can also be set ( Break Down / Break Up )
🔹 Latest Fibonacci
This displays the Fibonacci levels between the latest swing high and swing low, independently from the Fibonacci Channel .
The Lastest Fibonacci can be helpful in detecting the current trend against the larger Fibonacci Channel .
🔶 SETTINGS
🔹 Swing Settings
L: set left of pivothigh / pivotlow
R: set right of pivothigh / pivotlow
🔹 Fibonacci Channels
Channel : Channel / Channels + Shadows / None
Break level
-0.382 - 1.382
0.000 - 1.000
0.236 - 0.764
0.382 - 0.618
Break count
🔹 Fibonacci
Toggle
Colours: [ -0.382 - 0 ], [ 0.236 - 0.382 ], [ 0.5 ], [ 0.618 - 0.764 ], [ 1 - 1.382 ]
Encapsulation BoxThe “Encapsulation Box” indicator is designed to locate areas of the chart where the highs and lows of candlesticks are “embedded” or enclosed within the body of a previous candlestick. This setup indicates a significant contraction in the market and can provide important trading signals. Here's how it works in more detail:
Detecting contraction: The indicator looks for situations where the price range of the candles is very narrow, i.e. when subsequent candles have highs and lows that are contained within the range of a previous candle. This condition indicates a contraction in the market before a possible directional move.
When a contraction is detected, the indicator draws a rectangle around the area where the highs and lows of the candles are embedded. The rectangle has its upper vertex corresponding to the maximum of the candles involved and its lower vertex corresponding to the minimum. The width of the rectangle is defined by can be customized by the user.
A key feature of this indicator is the horizontal line drawn outside the rectangle. This line is positioned in the middle of the rectangle and represents 50% of the range of the rectangle itself. This line acts as a significant support or resistance level depending on the direction the contraction breaks.
The indicator can generate buy or sell signals when a break in the rectangle or horizontal line occurs. For example, if the price breaks above the rectangle and the horizontal line, it could generate a buy signal, indicating a possible uptrend. Conversely, if the price breaks below the rectangle and the horizontal line, it could generate a sell signal, indicating a possible downtrend.
SMMA Bounce IndicatorThis indicator Looks for continuous retracements from Smoothed Moving Average periods of the user's choosing. This can be helpful in locating reversals and pullbacks with a quick glance. With this indicator, you have plenty of options to cater to your time period of choice as well as the freedom to change to colors that best suit your chart. This script was made in whole by SirvivalFX and utilized the (Built-in Script) "Smoothed Moving Average" with inspirations from rmunoz's Engulfing Candle Indicator. *DISCLAIMER*- This should be used with a plethora of knowledge and tools to work effectively and should not be used as a surefire trading tactic. You may use and alter this script in any form you like! :)
Consecutive Unswept Lower Highs/ Higher Lows CounterCounts consecutive Lower Highs and Higher Lows; number resets to zero when previous pivot high or low gets swept
-To help give an idea of when a retracement / run-on-stops may be overdue. i.e. the higher the counter number grows, the longer we've gone without a proper retracement.
//inputs//
~pivot lookback/lookforward: increase this for more significant pivot highs and lows.
~number of pivot high 'counter' labels (pairs) to show in history.
~formatting options.
Fib RetracementI've re-created the fib retracement tool as an indicator and this is as close as I can currently get to matching the built-in fib retracement tool.
Why did I make this? For custom labels for every fib retracement level.
Caveats to this vs the built-in tool are:
the "Save as Default" doesn't appear to work (I believe this is due to the interactive/confirm based settings)
copy and paste to another chart is locked into the price of source location
when dragging the points of retracement the tool/indicator disappears
Hopefully some can find usefulness in this code or it's functionality.
Golden PocketGolden Pocket
This marks up the fibonacci retracement levels of 0.65 and 0.618 by default, these levels are often referred to as the golden pocket.
They are known by this because when price has an impulse either to the up or downside, price will end up retracing at some point. This Golden pocket often lines up with other means of confluence where it's considered a good entry price from the retrace.
Unlike standard fib retracement indicators, these boxes will extend with current price until they are hit. As well as this, there is a moving average filter which you can set to higher timeframes meaning that you can choose to only look for golden pockets which are following the higher time frame trend. You can easily monitor all of your settings by setting up just 1 alert.
Settings
You have the option to enable/disable the line which marks out the pivot points the fib is being calculated from, you can also change the colour and style of the line.
Below this you have the option to choose what colour the fib boxes are and what colour they change to once price hits it. If you want them to disappear change the colours opacity to 0%.
If you want to change the golden pocket levels you can do that by changing the 0.618 or 0.65 levels in the settings.
The pivot distance controls what part defines a pivot high or low, it must be the highest/lowest to the left/right of the pivot candle count.
MA filter will only accept golden pockets which are trending with the Moving average.
You can change all the settings of the Moving average which acts as a filter including which timeframe it is calculated on.
Alerts
Simply toggle this on int the settings and then click on the 3 dots next to the indicators name, 'add alert', leave the top boxes as they are, you can name the alert anything you like but once you confirm this, it will monitor all golden pockets on the particular asset and timeframe you are looking at. The alerts are set up to trigger as soon as price touches one of the boxes.
Use Cases
We like setting are moving average up on the daily timeframe and using the Moving average filter so we know we are only trading with the higher timeframe trend. From there we can set up alerts on any lower timeframe.
Feel free to use any part of this script in your own code, please just give us a mention so we can check out your contributions to the community as well!
Happy to take in any suggestions or ways of improving
Market Structure - By LeviathanThis indicator helps you identify market structure by plotting swing highs and lows (HH, LH, HL, LL), BOS/CHOCH and 0.5 retracement levels. Other functionalities will be added in future updates.
Indicator Settings Overview
SWING LENGTH
The number of leftbars and rightbars when searching for swing points. The lower the value, the more swing points are shown and the higher the value, the less swing points are shown. I suggest adjusting it to fit your style and when switching between different timeframes.
BOS CONFIRMATION
Choose whether a Break of Structure is determined by a candle close or a wick breaching previous swing point. Using the "Wick" confirmation option will result in more breaks of structure.
CHOCH
Turning this ON renames the first counter trend Break of Structure (BOS) to CHoCH (Change of Character) and therefore signaling a possible trend shift.
SHOW 0.5 RETRACEMENT LEVEL
This will show a level halfway between a swing low and a swing high of an expansion move, which can act as an approximate retracement point if the trend continues.
In uptrends, 0.5 level is drawn between Higher Lows (HL) and Higher Highs ( HHs ). Long entries can be placed around that level if you suspect that the uptrend will continue.
In downtrends, 0.5 level is drawn between Lower Highs (LH) and Lower Lows (LLs). Short entries can be placed around that level if you suspect that the downtrend will continue.
Zig Zag Ratio Simplified█ OVERVIEW
This indicator was to show ratio between zig zag. Ideally to find Fibonacci Retracement / Projection, Harmonic Patterns, ABCD, Elliot Wave and etc.
█ CREDITS
LonesomeTheBlue
█ FEATURES
Table can positioned by any position and font size can be resized.
█ USAGE / TIPS EXAMPLES (Description explained in each image)
[MAD] Fibonacci retracementThis is just a Fibonacci Retracement tool with some interactive information based on the actual closing price
How to use:
add the script,
input left bottom with the 1st click,
input top with the 2nd click
Informations you can see than:
Fiblevel (Price) %till_this_point = pricedifference
additional:
Bottom of the fib
Range Up in % + Price-Range
Range Down in %
you can shift the comma with the decimal functions for trading shitcoins as example
if looking into the past, level/price will follow, liveinfo using the close is than hidden
what will follow:
reverse
log/linear
autogrow when range will be wicked
maybe alerts on levels... have to think about how to capture correctly
Support & Resistance Trendlines with PP + Fib. Channel█ Support & Resistance Trendlines with Pivot Points + Fibonacci Channel
This script automatically draw support and resistance trend lines based on pivot points and add a fibonacci channel.
It will show potential patterns with the help of support and resistance lines as well as breakout target and pullback entry with the fibonacci extension and retracement levels.
It is based on atolelole's script, I only made it more configurable so please check out his script.
I added the possibility to change values and add additional retracement and extension levels.
I also made it customizable with the possibility to change lines color, width and style.
ABC 123 Harmonic Ratio Custom Range Interactive█ OVERVIEW
This indicator was designed based on Harmonic Trading : Volume One written by Scott Carney.
This is about harmonic ratios which expanded through retracement and projection.
Derivation is pretty much explained here such as Primary, Primary Derivation, Secondary Derivation and Secondary Derivation Extreme.
Derivation value depends on minimum retracement or maximum projection.
This derivation value utilize Fibonacci value which later expand to Harmonic Ratio.
█ INSPIRATION
Inspired by design, code and usage of CAGR . Basic usage of custom range / interactive, pretty much explained here . Credits to TradingView.
This build is based and visualized upon Harmonic Trading Ratios.
This build also was stripped down from XABCD Harmonic Pattern Custom Range Interactive .
█ CREDITS
Scott Carney, Harmonic Trading : Volume One (Page 18)
█ FEATURES
Table can positioned by any position and font size can be resized.
Labels can be either changed to alphabets or numbers.
█ HOW TO USE
Draw points from Point A to Point C.
Dont worry about magnet, point will attached depends on High or Low of the candle.
█ USAGE / TIPS EXAMPLES (Description explained in each image)
ZigZag with Retracement LevelsThis is a modification to "ZigZag with Fibonacci Levels" by LonesomeTheBlue.
By default, the script finds the ZigZag, draws Fibonacci lines and labels accordinly. ZigZag period can be set.
The modification to the original script provides the following features:
1) Option for user to customize retracement levels, if they don't want to use Fibonacci levels. This allows for different strategy adoptions.
2) Option to show Fibonacci or custom retracement levels based on the latest pivot (including the current bar)
For example:
Enjoy and happy trading~!!
50% Strat RetracementThe purpose of this script is to show/alert you when there is a 50% Strat Reversal. It works very well to find possible 3 candles.
The arrows, and line can be turned on and off.
You can change the 50% to say 45% so that you will be alerted before it actually hits the 50% retracement.
The script will only alert if the reversal is a 2up red candle, a 2up green candle which will hopefully turn into a 3 candle.
Chervolinos_Rob Hoffman_Inventory Retracement Bar_and_OverlayHere is something like a combo from the well known Rob Hoffman (Overlay) Indicator and the Inventory Retracement Bar without any ballast
This really smart strategy with a low risk and a quick profit. I combine this two Indicators to save space.
The first condition is that the orange line and the lime line must be parallel and there is no other line between them because this condition is moving under 45 angle.
The second condition is that the target candles must be below the orange line in the case of the downtrend as we see.
As we see it here in the case of an uptrend should be candles above the orange line and this is logical as we see here.
Sometimes we noticed the appearance of the signal onto the candle but the conditions were not applicable because there is an orange line between the green line and the orange line and this means that the signal is fake.
This candle is also good for entry and we can place a buy order above it but is it beginner, so you must respect the conditions in order to be able to master it very well.
Enter with Confidence all conditions are present a red arrow above the candle and the candle is above the orange line and there are no lines between the lime and
orange line. Yes this is our target the entry-point will be a little above the wicked the candle, that is you will not buy now but it's a price exceeds the weight limit
even slightly, we will buy directly it is hoffman's method. Expected if the price in which resistance occurred which is the resistance represented
by the candlewick will be broken the price for rise up and strongly and if it does not happen you will not lose anything anyway to stop loss and take profit. Try the ratio by 1,5.
This part of this strategy is one of the best trading strategies with a low risk rate and can be used as an initial guide to know the market movement and to enter successful trades.
Let's start correctly. This strategy can be used on any time frame from one minute to one day or even more, but I recommend using it on a 10-minute frame one hour or 30 minutes frame. Here I use the 30-Minute frame.
This strategy is based on two things: Tramp Direction and the inventory retracement bar. Don't worry and don't think about it because all this will be automatic but let's understand some simple terms.
There many arrows in green and red. Please read the discription above.
Please read the following tipps:
To avoid the trend Reversal, try to add one one of the Divergence indicators to your chart.
To avoid entering in a pullback movement as much as possible.
--> Combine it with other indicators <--
Best Regards Chervolino
if there were any typographical errors, please forgive me
Note: Buy/Sell signals using non-standard chart types (Heikin Ashi, Renko, Kagi, Point & Figure, and Range) are not allowed, as they produce unrealistic results
.srb suite Fib Retracement neoSPECIAL TOOLS - Auto Fibonacci Retracement neo - New GUI
designed for use with open-source indicator
'built-in auto FBR ' has been re-born
It shows - retracement Max top/ min bottom ; for higher visibility
It shows - current retracement position ; for higher visibility
The display of the Fib position that exceeds the regular range is auto-determined according to the price.
Fib.Retracement core is from tradingview built-in FBR ---> upgrade new-type GUI, and performance tuned.
.srb suiteThe essential suite Indicator.
that are well integrated to ensure visibility of essential items for trading.
it is very cumbersome to put symbol in the Tradingview chart and combine essential individual indicators one by one.
Moreover even with such a combination, the chart is messy and visibility is not good.
This is because each indicator is not designed with the others in mind.
This suite was developed as a composite-solution to that situation, and will make you happy.
designed to work in the same pane with open-source indicator by default.
Recommended visual order ; Back = .srb suite, Front = .srb suite vol & info
individually turn on/off only what you need on the screen.
BTC-agg. Volume
4 BTC-spot & 4 BTC-PERP volume aggregated.
It might helps you don't miss out on important volume flows.
Weighted to spot trading volume when using PERP+spot volume .
If enabled, BTC-agg.Vol automatically applied when selecting BTC-pair.
--> This is used in calculations involving volumes, such as VWAP.
Moving Average
1 x JMA trend ribbon ; Accurately follow short-term trend changes.
3 x EMA ribbon ; zone , not the line.
MA extension line ; It provide high visibility to recognize the direction of the MA.
SPECIAL TOOLS
VWAP with Standard Deviation Bands
VWAP ruler
BB regular (Dev. 2.0, 2.5)
BB Extented (Dev. 2.5, 3.0, 3.5)
Fixed Range Volume Profile ; steamlined one, performace tuned & update.
SPECIAL TOOLS - Auto Fibonacci Retracement - New GUI
'built-in auto FBR ' has been re-born
It shows - retracement Max top/ min bottom ; for higher visibility
It shows - current retracement position ; for higher visibility
The display of the Fib position that exceeds the regular range is auto-determined according to the price.
tradingview | chart setting > Appearance > Top margin 0%, Bottom margin 0% for optimized screen usage
tradingview | chart setting > Appearance > Right margin 57
.srb suite vol & info --> Visual Order > Bring to Front
.srb suite vol & info --> Pin to scale > No scale (Full-screen)
Visual order ; Back = .srb suite, Front = .srb suite vol & info
1. Fib.Retracement core is from tradingview built-in FBR ---> upgrade new-type GUI, and performance tuned.
2. Fixed-range volume-profile core is from the open-source one ---> some update & perf.tuned.
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if you have any questions freely contact to me by message on tradingview.
but please understand that responses may be quite late.
Special thanks to all of contributors of community.
The script may be freely distributed under the MIT license.
Intra-variety Timeframe Floating Fibonacci Levels [Loxx]Intra-variety Timeframe Floating Fibonacci Levels is an intraday, intraweek, and intramonth indicator to be used for scalping on lower timeframes. The indicator paints the developing fibonacci retracement levels as they change overtime over the selected intra-variety timeframe chosen. This indicator acts as another way to gauge support and resistance levels.
What Are Fibonacci Retracement Levels?
Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.
Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used.
The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
Suppose the price of a stock rises $10 and then drops $2.36. In that case, it has retraced 23.6%, which is a Fibonacci number. Fibonacci numbers are found throughout nature. Therefore, many traders believe that these numbers also have relevance in financial markets.
Fibonacci retracement levels were named after Italian mathemetician Leonardo Pisano Bigollo, who was famously known as Leonardo Fibonacci. However, Fibonacci did not create the Fibonacci sequence. Fibonacci, instead, introduced these numbers to western Europe after learning about them from Indian merchants. Fibonacci retracement levels were formulated in Ancient India between 450 and 200 BCE.
Details
-Change Fibonacci levels
-Select day, week, or month timeframe
