Heikin Ashi Pivot PointsPivot points are price levels that are calculated based on previous high, low, and close values. Pivot point levels include the pivot, 4 resistance levels (R1, R2, R3, R4), and 4 support levels (S1, S2, S3, S4). Pivot points are used as support and resistance levels.
This indicator includes the following pivot points:
6M (6 month)
Yearly
Weekly HA (Heikin Ashi)
Monthly HA (Heikin Ashi)
Quarterly HA (Heikin Ashi)
6M HA (6 month Heikin Ashi)
Yearly HA (Heikin Ashi)
Support
Resistances v2[UO] - Uncluttered DisplayThis script shows support-and-resistance levels that span months and weeks.
It also shows the levels in the last 100 bars in higher detail. Details detection is only applied to last 100 bars so that your chart is not cluttered with infinite horizontal lines. 100 can be changed in the settings.
For example, here, you see the levels in small time frames at a different detail level:
This script uses the arrays introduced in pine script v4
Pivot Support / Resistance Finder [JV] Hi Traders,
this is the result of the many feedback messages I received about this first draft of this script. It has significant updates:
The use of Arrays.
Using PineCoders Coding Conventions for Pine: www.pinecoders.com
Display up to 6 Support / Resistance levels.
Line colors and Labels change according to their status (Support or Resistance).
Moved Labels to the future for better overview of the Prices / Levels.
There are many configurable options. Feel free to explore them all.
If you should notice a bug or something of a kind, feel free to contact me.
All feedback is very welcome as well.
Request might be considered but don't take them for granted please.
Pivot Points
Pivot Points are considered to be levels which may become significant levels (Support / Resistance) in the future. They can be interpreted in various ways, but fact is that price, when it comes close to a previous Pivot Point, can mess with your head. Prices often returns to previous Pivot Points, more than once even a few times, as shown below.
I hope you find this useful.
Happy Trading!
TREND SNIPER (Final Version)/ This script calculates the daily resistance and support levels. The entry is when the close breaks these levels.
// Then it sets 4 exit lines, if the backtraces these lines you've got your normal exit.
// If the close crosses the TP you've got your TP exit. And if the close crosses the SL you've got your SL exit.
// This is the good part --> If the close crosses the first line the SL get's raised to the entry level.
// This way you cut down on the SL losses and turn a lot of SL trades into (almost) break even trades.
// You can adjust the resistance and support levels to remove the 'little wick entries', this raises the profitability.
// You can also choose the security resolution. I recommend using a higher timeframe than the chart resolution.
// The exit source is also changeable. The HLC3 works best for me, but you can try others if you want.
I could really use some feedback. I want the resistance and support levels to remain on the same position when in trade. But it sometimes changes mid trade.
If you know how to fix this I will be forever grateful. If you have any feedback don't hesitate to give it to me straight. Thanks in advance and have a wonderful day :)
Standard deviation zones Support & Resistance [LM]Hi Guy,
I would like to introduce you Standard deviation zones Support & Resistance horizontals. It draws line horizontals on high and low st dev zone. The colors are dynamic depending whether price is below or above the line.
Credit is due to @Zeiierman for st dev zone calculation so shout out to him.
There are various sections in setting:
general setting where you can select source for zone calculation
tops setting
bottom setting
show and hide section of the first timeframe
show and hide section of the second timeframe
Be aware that when new zone starts and is not finished yet than the top will trail the high of unfinished zone that could be also at the high of current candle and next candle it can change
Any suggestions are welcomed
Pivot Support / Resistance Panel [JV]Hello Traders,
First all of thanks to LonesomeTheBlue for making me grasp arrays, a wonderful addition to Pine Script.
This indicator uses arrays to find Pivot Points and mark them as Support / Resistance.
It displays an info panel with the latest values.
This code was written using the following standards:
• PineCoders Coding Conventions for Pine: www.pinecoders.com
Configurable options:
Up to 6 Support / Resistance Levels.
Pivot Lookback Period.
Panel Color.
Text Color.
Panel Offset.
Panel Size.
Enjoy!
Bjorgum TSI-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator.
-Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line.
-This can help anticipate a cross, or significant points in the trend. TSI signal line changes color when rising or falling which can help to identify larger prevailing trends.
-Generally, a rising signal line can be an overall bullish move, while falling more bearish regardless of crosses.
*Resolution function enables multiple overlay for "Multi-timeframe analysis"*
Bjorgum TSI Arrows
This script is intended to help the viewer identify potential turning points with momentum "headwinds" or "tailwinds" with a visual que at the bar level. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction.
Multiple script overlays can be used for "Multi-timeframe analysis" by altering the "resolution" feature.
eg: Viewer could enable 2 "Arrow" scripts while watching the daily timeframe, and setting one of them to indicate weekly conditions. This can help identify prevailing trend strength when using smaller timeframes.
SR Levels - Major Support and Resistance LevelsHello Traders!
This Indicator helps you to identify Major support and resistance level. Major Vibration numbers are working as support & resistance in the many scripts as I have seen. Since I have my research about the vibration numbers, I strongly believe these numbers are works as good Support & Resistance. This is just try to idendify the those number to enter into the trade. Use Other indicators to Identify Trend and for your support!
When Price move low to high:
1) Green Line works are buy entry point, TP area is Red Line, SL area also Red Just below the Green Line
When Price Move High to Low:
1) Red Lines are works as Sell entry point, TP are Green Line, SL area also Green Lines just above the Red Line.
Notes: This Indicators is mainly focus the script which more than 5 digit scripts. Example above 10000 price scripts only.. for Intraday. below 10000 or 1000 scripts also works but for long term not for intraday...
NSE:BANKNIFTY
Moving Averages as Support Resistance MTFHello Traders!
As most of you know that Moving Averages with the lengths 50, 100, 150 and 200 are very important. We should use these this moving averages to figure out S/R levels, the possible reversals points, trend direction etc. we should check these moving averages on Higher Time Frames as well. for example if you look at the chart with 5mins time frame, you should also check it in 1hour and 4hour time frames to see to big picture and main trend. this is important as trend is your friend and you should not take positions against the trend.
I developed this script to show them clearly and make the chart understandable. 1 resistance line above the price and 1 support line below the price, it shows the moving average type, length, time frame and S/R level.
You have option to show SMA or EMA and to include/exclude current time frame, because you may want to see only MAs from higher time frames. you should set higher time frames accordingly.
if you add all moving averages for current and higher time frame the chart looks very crowded as following example:
The script makes it clear to understand the chart better, here an example:
It can show when S/R was broken and you get alert. here an example:
You have coloring and style options, you can change line style and colors as you wish:
Enjoy!
Pivot Support and Resistance Finder [JV] V2Dear Traders,
This script is a follow-up to my previous Pivot Support and Resistance Finder.
After so many positive feedback, for which I thank you all, I started rebuilding it to implement some requested features.
The biggest change is that by default, the indicator now shows zones instead of lines.
Support Zone: from low to close
Resistance Zone: from close to high
I removed the 5 lines, instead showing the most recent levels and the forming (fast) levels.
However, if you change the occurrence in the options, you can still see previous levels:
0 = Current Level
1 = Previous Level
2 = Level before the Previous Level
...
More important configurable options:
Pivot Length
Pivot Quick Length (used to draw forming levels
Option to draw using bar closes, wicks or both (area)
Hide / Display to forming level
Show past levels.
I hope this is clear enough.
For any questions, remarks, suggestions, feel free to contact me.
Happy Trading!
RSI Support and Resistance Finder [JV] V1Hi Traders.
In my never ending obsession with Support and Resistance , I built an indicator to show the last Support and Resistance Lines based on RSI .
The indicator draws a new Support Line when RSI comes out of oversold and a new Resistance Line when RSI comes out of overbought.
It also shows a panel with the current Support and Resistance Levels.
It's a pretty decent indicator to detect Entry / Exit / Take Profit levels.
This indicator is not to be used as a stand-alone indicator. Add your favourite indicator to get confirmations.
RSI length and overbought / oversold levels can be adjusted in Settings.
Any suggestions or remarks are more than welcome!
SuperTrend MTF [Anan]Hello friends,
As per many experts, supertrend indicator is best to use in combination with other indicators like MACD and RSI.
The best thing about supertrend it sends out accurate signals on precise time. The indicator offers quickest technical analysis to enable the intraday traders to make faster decisions. It is extremely simple to use and understand.
However, the indicator is not appropriate for all the situations. It works when the market is trending. Hence it is best to use for short-term technical analysis. Supertrend uses only the two parameters of ATR and multiplier which are not sufficient under certain conditions to predict the accurate direction of the market.
Understanding and identifying Bull and Bear signals in supertrend is the main crux for the intraday traders. Both the downtrends as well uptrends are represented by the indicator. The flipping of the indicator over the closing price indicates signal. A Bull signal is indicated in green color whereas Bear signal is given as the indicator turns red.
Options:
- Change calculation source ( default SuperTrend uses: hl2)
- Change calculation method (default SuperTrend uses: RMA)
- Additional six multi-time frames SuperTrends
Pivots High Low (HH/HL/LH/LL)/Trend [Anan] Hello Friends,,
This is pivot points high low with pivot trend to define the trend direction.
Pivot trend is the pivot points average.
Options:
- Pivot Point Period
- Show/hide Pivot Points Labels
- Show/hide Bull/Bear Labels ( depends on pivot trend)
- Show/hide Pivot Center Line (Bull>Center, Bear<Center)
- Show/hide Support/Resistance Level Extensions
- Show/hide Fractal Break Arrows (you can set alerts as well)
Tel Aviv LevelsSimple script that calculates static support/resistance levels for potential price reversals using a calculation for predicting liquidity from a base price, use in confluence with other technical analysis tools.
DM me on tradingview for access.
Pivot Support and Resistance Finder [JV] V1Hi Traders.
This is my first attempt of writing an indicator.
Let me start by saying I could never have done this without lmatl and WMX_Q_System_Trading who were and are an incredible source of inspiration.
This indicator shows horizontal Pivot Support and Resistance . It draws up to 4 horizontal lines extending to the right from and adds labels to High and Low Pivot Candles . It also draws the Support / Resistance that is currently forming.
You can select the number of lines on the current timeframe.
There are some options in Settings:
Current timeframe pivot settings
Show and hide levels of the current timeframe
Change colors
Extend Lines
Any suggestions are more than welcome!
I also welcome donations, no matter how small ;-)
High Volume Key Hidden LevelThere are important price levels in the market that occur when high volumes of trading occur. The indicator is set to look for periods where there is 3x's the 50-period average volume and then it graphs a horizontal line going forward in time for reference as support or resistance.
Generally speaking, if the market rallies into a line then look for the market to stall at the line as it is a level of supply. Likewise, if the market falls down to a high volume level, then it would be logical to assume there is support at that level especially on the first and second revisit.
The indicator is adjustable so you can filter out to whatever multiple of any average. Some markets rarely have 3-times volume events, so you may have to adjust for each symbol.
High volume events indicate that news or an event has occured and should mark an important level where traders and investors may be interested in trading at that level again.
I would consider an uptrend to be in tact when the market is above the latest "high volume bar" and in a downtrend when the market is under the latest "high volume bar".
We use green triangles to plot earnings-release dates and blue triangles for dividends, yellow triangles for range expansion moves and black triangles for emotions (good and bad emotions such has fear and excitement).
Auto Linear Regression ChannelA Linear Regression Channel gives more objective potential buy and sell signals based on price volatility. It consists of three parts:
Linear Regression Line: A Linear Regression Line is a straight line that best fits the prices between a starting price point and an ending price point. A "best fit" means that a line is constructed where there is the least amount of space between the price points and the actual Linear Regression Line. The Linear Regression Line is mainly used to determine trend direction.
Traders usually view the Linear Regression Line as the fair value price for the stocks. When prices deviate above or below, traders may expect prices to go back towards the Linear Regression Line. As a consequence, when prices are below the Linear Regression Line, this could be viewed by some traders as a good time to buy, and when prices are above the Linear Regression Line, a trader might sell. Of course other technical indicators would be used to confirm these inexact buy and sell signals.
Upper Channel Line: A line that runs parallel to the Linear Regression Line and is usually one to two standard deviations above the Linear Regression Line.
Lower Channel Line: This line runs parallel to the Linear Regression Line and is usually one to two standard deviations below the Linear Regression Line.
The upper and lower channel lines contain between themselves either 68% of all prices (if 1 standard deviation is used) or 95% of all prices (if 2 standard deviations are used). When prices break outside of the channels, either: Buy or sell opportunities are present. Or the prior trend could be ending.
Linear Regression Channel Possible Buy Signal
When price falls below the lower channel line, and a trader expects a continuation of the trend, then a trader might consider it as a buy signal.
Linear Regression Channel Possible Sell Signal
An opportunity for selling might occur when prices break above the upper channel line, but a continuation of the trend is expected by the trader. Other confirmation signs like prices closing back inside the linear regression channel might be used to initiate potential buy or sell orders. Also, other technical indicators might be used to confirm.
Trend Reversals
When price closes outside of the Linear Regression Channel for long periods of time, this is often interpreted as an early signal that the past price trend may be breaking and a significant reversal might be near. Linear Regression Channels are quite useful technical analysis charting tools. In addition to identifying trends and trend direction, the use of standard deviation gives traders ideas as to when prices are becoming overbought or oversold relative to the long term trend.
Default Parameters:
Period: (100) The number of bars to use in the calculation.
This Linear Regression Channel Has 1st, 2nd, and 3rd Deviation lines also the MId Deviation Lines are added for 1.5 and 2.5 area.
LuxAlgo® - Price Action Concepts™Price Action Concepts™ is a first of it's kind all-in-one indicator toolkit which includes various features specifically based on pure price action.
Order Blocks w/ volume data, real-time market structure (BOS, CHoCH, EQH/L) w/ 'CHoCH+' being a more confirmed reversal signal, a MTF dashboard, Trend Line Liquidity Zones (real-time), Chart Pattern Liquidity Zones, Liquidity Grabs, and much more detailed customization to get an edge trading price action automatically.
Many traders argue that trading price action is better than using technical indicators due to lag, complexity, and noisy charts. Popular ideas within the trading space that cater towards price action trading include "trading like the banks" or "Smart Money Concepts trading" (SMC), most prominently known within the forex community.
What differentiates price action trading from others forms of technical analysis is that it's main focus is on raw price data opposed to creating values or plots derived from price history.
Mostly all of the features within this script are generated purely from price action, more specifically; swing highs, swing lows, and market structure... which allows users to automate their analysis of price action for any market / timeframe.
🔶 FEATURES
This script includes many features based on Price Action; these are highlighted below:
Market structure (BOS, CHoCH, CHoCH+, EQH/L) (Internal & Swing) multi-timeframe
Volumetric Order Blocks & mitigation methods (bullish & bearish)
Liquidity Concepts
Trend Line Liquidity Zones
Chart Pattern Liquidity
Liquidity Grabs Feature
Imbalance Concepts MTF w/ multiple mitigation methods
Fair Value Gaps
Balanced Price Range
Activity Asymmetry
Strong/Weak Highs & Lows w/ volume percentages
Premium & Discount Zones included
Candle Coloring based on market structure
Previous Highs/Lows (Daily, Monday's, Weekly, Monthly, Quarterly)
Multi-Timeframe Dashboard (15m, 1h, 4h, 1d)
Built-in alert conditions & Any Alert() Function Call Conditions
Advanced Alerts Creator to create step-by-step alerts with various conditions
+ more (see changelog below for current features)
🔶 BASIC DEMONSTRATION
In the image above we can see a demonstration of the market structure labeling within this indicator. The automatic BOS & CHoCH labels on top of dashed lines give clear indications of breakouts & reversals within the internal market structure (short term price action). The "CHoCH+" label is also demonstrated as it triggers only if price has already made a new higher low, or lower high.
We can also see a solid line with a larger BOS label in the middle of the chart. This label demonstrates a break of structure taking into account the swing market structure (longer term price action). All of these labels are generated in real-time.
🔶 USAGE & EXAMPLES
In the image below we can see how a trade setup could be created using Order Blocks w/ volume metrics to find points of interest in the market, swing / internal market structure to get indications of longer & shorter term reversals, and trend line liquidity zones to find more likely impulses & breakouts within trends.
We can see in the next image below that price came down to the highest volume order block marked out previously as our point of interest for an entry used in confluence with the overall market structure being bullish (swing CHoCH). Due to price closing below the middle Order Block at (24.77%), we saw it was mitigated, and then price revisited liquidity above the Trend Line zone above, leading us to the first Order Block as a target.
You will notice the % values adjust as Order Blocks are touched & mitigated, aligning with the correct volume detected when the Order Block was established.
In the image below we can see more features from within Price Action Concepts™ indicator, including Chart Pattern Liquidity, Fair Value Gaps (one of many Imbalance Concepts), Liquidity Grabs, as well as the primary market structures & OBs.
By using multiple features as such, users can develop a greater interpretation of where liquidity rests in the market, which allows them to develop trading plans a lot easier. Liquidity Grabs are highlighted as blue/red boxes on the wicks during specific price action that indicates the market has made an impulse specifically to take out resting buy or sell side orders.
We can notice in the trade demonstrated below (hindsight example) how price often moves to the areas of the most liquidity, even if unexpected according to classical technical analysis performed by retail traders such as chart patterns. Wicks to take out orders above & potentially trap traders are much more noticeable with features such as these.
The Chart Patterns which can be detected include:
Ascending/Descending Wedges (Asc/Desc Wedge)
Ascending/Descending Broadening Wedges (Asc/Desc BW)
Ascending/Descending/Symmetrical Triangles (Asc/Desc/Sym Triangle)
Double Tops/Bottoms (Double Top/Double BTM)
Head & Shoulders (H&S)
Inverted Head & Shoulders (IH&S)
General support & resistance during undetected patterns
In the image below we can see more features from within the indicator, including Balanced Price Range (another imbalance method similar to FVG), Market Structure Candle Coloring, Accumulation & Distribution zones, Premium & Discount zones w/ a percentage on each zone, the MTF dashboard, as well as the Previous Daily Highs & Lows (one of many highs/lows) displayed on the chart automatically.
The colored candles use more specific market structure analysis, specifically allowing users to visualize when trends are considered "normal" or "strong". By utilizing other features alongside this market structure analysis, such as noticing price retesting the PDL level + the Equilibrium as resistance, a Balanced Price Range below price, the discount with a high 72% metric, and the MTF dashboard displaying an overall bearish structure...
...users can instantly gain a deeper interpretation of price action, make highly confluent trading plans while avoiding classical technical indicators, and use traditional retail trading concepts such as chart patterns / trend lines to their advantage in finding logical areas of liquidity & points of interest in the market.
The image below shows the previous chart zoomed in with 2 liquidity concepts re-enabled & used alongside a new range targeting the same Discount zone.
🔶 SETTINGS
Market Structure Internal: Allows the user to select which internal structures to display (BOS, CHoCH, or None).
Market Structure Swing: Allows the user to select which swing structures to display (BOS, CHoCH, or None).
MTF Scanner: See market structure on various timeframes & how many labels are active consecutively.
Equal Highs & Lows: Displays EQH / EQL labels on chart for detecting equal highs & lows.
Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
Order Blocks Internal: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart as well as select a color.
Order Blocks Swing: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart as well as select a color.
Mitigation Method: Allows the user to select how the script mitigates an Order Block (close, wick, or average).
Internal Buy/Sell Activity: Allows the user to display buy/sell activity within Order Blocks & decide their color.
Show Metrics: Allows the user to display volume % metrics within the Order Blocks.
Trend Line Liquidity Zones: Allows the user to display Trend Line Zones on the chart, select the number of Trend Lines visible, & their colors.
Chart Pattern Liquidity: Allows the user to display Chart Patterns on the chart, select the significance of the pattern detection, & their colors.
Liquidity Grabs: Allows the user to display Liquidity Grabs on the chart.
Imbalance Concepts: Allows the user to select the type of imbalances to display on the chart as well as the styling, mitigation method, & timeframe.
Auto FVG Threshold: Filter out non-significant fair value gaps.
Premium/ Discount Zones: Allows the user to display Premium, Discount , and Equilibrium zones on the chart
Accumulation / Distribution: Allows the user to display accumulation & distribution consolidation zones with an optional Consolidation Zig-Zag setting included.
Highs/Lows MTF: Displays previous highs & lows as levels on the chart for the previous Day, Monday, Week, Month, or quarter (3M).
General Styling: Provides styling options for market structure labels, market structure theme, and dashboard customization.
Any Alert() Function Call Conditions: Allows the user to select multiple conditions to use within 1 alert.
🔶 CONCLUSION
Price action trading is a widely respected method for its simplicity & realistic approach to understanding the market itself. Price Action Concepts™ is an extremely comprehensive product that opens the possibilities for any trader to automatically display useful metrics for trading price action with enhanced details in each. While this script is useful, it's critical to understand that past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
🔶 HOW TO GET ACCESS
You can see the Author's instructions below to get instant access to this indicator & our premium suite.
Opening LevelsOpening Levels is an indicator to draw lines on the opening prices of the current day, week, and month.
Inputs:
1. Line Width :- Opening Levels Line width, from 1 to 10
2. Right Offset :- Right offset from current bar, from 0 to 50
3. Line Style :- Select line styles from
4. Show Label :- Show or hide price labels
5. Day Level Color :- Current day opening level color
6. Week Level Color :- Current week opening level color
7. Month Level Color :- Current month opening level color
8. Day Label Text Color :- Current day label text color
9. Week Label Text Color :- Current Week label text color
10. Month Label Text Color :- Current month label text color
Happy trading.
Volatility Support & Resistance [LM]Hello guys,
I would like to introduce you volatility support and resistance horizontals. It draws line horizontal on high and low vhighly volatile candles. You can select lines on this timeframe and/or another one. It's done in the same spirit like my other indicators for horizontals
The colors are dynamic depending whether price is below or above the line:
for the current timeframe green is used for support and blue for resistance
for the other timeframe by default 4h orange is used for support and violet for resistance
There are various sections in setting:
general settings - here you can select ATR length, multiplier and show labels
show and hide section of the current timeframe
other timeframe
show and hide other timeframe horizontals
Any suggestions are welcome
Silen's Pseudo VPVR / Pseudo Volume Profile Custom RangeDisclamer: This indicator does not use actual Volume data and doesn't display any Volume data. It creates a pseudo Volume Profile by counting the high-low-2 values of candles and simulates something that is similar to a Volume Profile without using any Volume data.
Core facts:
Creates a pseudo Volume Profile by counting values of candles and sorting them into a Profile.
Works for charts that don't provide any Volume Information.
Can display up to 5 different Value Levels.
Value level colors are (from largest to smallest level): Red, Orange, Yellow, Green, Blue.
The Value levels can be used as Support and Resistance indicators.
The Custom Range of the Volume Profile can be adjusted from 10 to 1500 bars.
Much faster than the other custom pseudo VPVRs out there.
Shortcomings:
As the chart progresses with bars the line positions will distort to the left side. Refreshing the tradingview page or switching to another time interval fixes this. I might fix this issue in the future.
Does not use actual Volume nor display actual Volume.
Note: For those who wondered what happened to my first version of this indicator: It got taken down by Tradingview because it was misleading as to using the words "Volume Profile" and "Visible Range". I fully support their decision and I hope I could clear any misunderstandings! Give their team a heads up for the hard work they're doing in keeping this place clean and well organized!
Enjoy! :)
Market ProfileHello All,
This is Market Profile script. "Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices." You better search it on the net for more information, you can find a lot of articles and books about the Market Profile.
You have option to see Value Area, All Channels or only POC line, you can set the colors as you wish.
Also you can choose the Higher Time Frame from the list or the script can choose the HTF for you automatically.
Enjoy!
