Simple Camarilla Indicator for Day TradingA simple and easy Camarilla Pivot Indicator for Day Trading.
This indicator will plot Camarilla Pivots like L1, L2, L3, L4, L5, H1, H2, H3, H4, H5 levels for intraday trading.
This is based on the Secrets of Pivot boss setup.
The indicator gives a simple daily high low and close for an easy understanding of the current trend.
Поддержка и сопротивление
ViPlay Signal Indicator ProViPlay Signal Indicator Pro is an advanced trading tool designed to enhance the accuracy of technical analysis and support better decision-making in trading. It combines unique algorithms like MRO (Modified Range Oscillator) and an enhanced version of Williams %R with classic tools such as support/resistance levels, moving averages, and RSI. This combination makes the indicator versatile and effective for analyzing any asset, including stocks, currencies, cryptocurrencies, and commodities.
How it Works:
1. Trade Signal Generation
The indicator uses two primary algorithms to detect potential price reversal points:
MRO (Modified Range Oscillator):
MRO1: Identifies short-term price reversal points by analyzing price volatility.
MRO2: Focuses on long-term trends, filtering minor fluctuations for more reliable signals.
Williams %R: Confirms potential reversal points by determining overbought and oversold conditions, reducing false signals.
1. Visual signals include:
Green Upward Arrow ("Buy") – Indicating a potential buying opportunity.
Red Downward Arrow ("Sell") – Indicating a potential selling opportunity.
2. Take-Profit Level Calculation
After generating a signal, the indicator automatically calculates take-profit levels based on a user-defined percentage of the entry price (default is 7%). These levels are displayed as lines and labels on the chart for easy monitoring.
3. Support and Resistance Levels
The indicator automatically identifies key support and resistance zones based on the selected timeframe. This helps traders determine:
Optimal entry/exit points.
Areas where price may encounter resistance or find support.
4. Moving Averages and Trend Analysis
The indicator includes both short-term and long-term moving averages (MA), which cross over to signal potential trend changes:
Golden Cross: When the short-term MA crosses above the long-term MA, indicating a possible uptrend.
Death Cross: When the short-term MA crosses below the long-term MA, indicating a possible downtrend.
5. Relative Strength Index (RSI)
The built-in RSI evaluates market conditions and helps confirm the validity of signals. It identifies overbought, oversold, or neutral states, ensuring that signals align with prevailing market momentum.
6. Interactive Signal Table
On your chart, an interactive table displays:
Signal Strength (%): The calculated strength of the current signal.
RSI Value: The current RSI value to help assess market momentum.
Market Condition: A real-time indication of whether the market is overbought, oversold, or neutral based on RSI thresholds.
How to Use ViPlay Signal Indicator Pro:
1. Add the Indicator to Your Chart: Select any timeframe that fits your trading strategy. The indicator supports all timeframes.
2. Customize the Settings:
Adjust signal frequency.
Set take-profit percentage.
Modify moving average periods.
3. Analyze the Signals: Use the Buy and Sell signals in combination with support/resistance levels to identify optimal trade opportunities.
4. Evaluate Market Conditions:
Confirm trends using moving average crossovers.
Validate signals with RSI to ensure consistency with market conditions.
5. Practice risk management:
While the indicator provides high-accuracy signals, it is an analytical tool. Use it alongside your own analysis and sound risk management practices.
Why Choose ViPlay Signal Indicator Pro?
Innovative Solutions: The indicator uses unique modifications of classic algorithms like MRO and Williams %R, enhancing signal accuracy and improving analysis results.
Versatility: Suitable for analyzing various assets and easily adaptable to any strategy, making it an ideal tool for traders with different levels of experience.
Ease of Use: The intuitive and clear interface allows for quick interpretation of signals, making decision-making simple and straightforward.
Multi-functionality: Combines several powerful analysis tools— from support/resistance levels to RSI and moving averages— to provide a comprehensive view of market conditions.
Important:
ViPlay Signal Indicator Pro is for analytical purposes only. The results generated depend on market conditions and your trading strategy. This indicator does not guarantee profits. Always employ effective risk management practices.
Why This Indicator is Worth Your Attention:
While many indicators use common elements like moving averages and RSI, ViPlay Signal Indicator Pro combines them with modified, proprietary algorithms like MRO and Williams %R to create a more reliable and versatile tool for traders. It adapts to various trading strategies and offers a comprehensive analysis that can enhance your decision-making.
Heiken Ashi Algo Premium KillZoneTraders face daily challenges in navigating the fast-paced market, from waiting for higher timeframe data to delayed confirmation signals. This innovative system changes everything, offering tools that have never before been available in the trading community. With groundbreaking features like
KillZones
High Timeframe RSI (HTF RSI) and
True Midline
this system is seeks to solve major problems that hurt traders every day.
KillZones give traders an edge by pinpointing critical price levels where momentum and liquidity shift.
The Custom High Timeframe RSI brings real-time higher timeframe trend confirmation directly to your chart, eliminating the need to wait for candles to close. A totally new way to calculate HTF RSI without waiting for higher time candles to close.
The True Midline adjusts dynamically, showing exactly when the market is in equilibrium or transitioning between bullish and bearish momentum.
Custom Heiken-Ashi Oscillator Candles:
It uses customized Heiken Ashi candle calculations that allow it present trends more accurately while the candles are limited to an oscillator as opposed to price values. Candle up or candle down doesnt always mean long or short. Ive included a setting called "Secret Sauce Colors" to alter the colors of the Heiken Ashi candles so they will be colored to the actual trend taking place instead of just bullish or bearish closing.
The Liquidity Ribbon:
This indicator contains a built in customized version of a Stochastic Oscillator called "The Liquidity Ribbon" which shows you when liquidity of either side is entering and existing the market. It uses calculations of market and volume pressure to give you a visual representation of who is trying to alter asset pricing. This is NOT the stochastic RSI but I've given you guys an visual approach of something that looks similar.
The ribbon has bullish and bearish sides that flip over eachother. As one grows, the other shrinks so yo u can see in real time the flow of money from either side and whos winning.
Bullish and Bearish Premium and Discount Zones
What Are They?
Bullish and Bearish Premium and Discount Zones are visualized on the indicator as distinct colored sections within the oscillator, providing a quick snapshot of market conditions:
Bearish Premium Zone: Indicates areas of overextension in bearish momentum, often associated with ranging markets.
Bearish Discount Zone: Highlights opportunities where bearish trends are gaining strength and momentum is trending.
Bullish Discount Zone: Marks areas in bullish conditions where the market is consolidating or ranging.
Bullish Premium Zone: Identifies zones where bullish momentum is strong and trends are more pronounced.
How to Use Them?
For long trades, consider the following:
Scalping Opportunities: When the market is trending higher and Heiken-Ashi candles are closing above the high-timeframe RSI, short-term long scalps can be executed in the Discount Bullish Zone, where consolidation occurs.
Trending Trades: Larger, more sustained long trades can be taken when price moves into the Premium Bullish Zone, signaling stronger upward momentum.
Breakout Trading: When price crosses into a trending zone and simultaneously breaks through previous price resistance or support, this confluence solidifies entries for breakout trades across previous highs or lows, providing a higher probability for successful trades.
This structured use of Premium and Discount Zones gives traders a clear edge, offering insights into both market range and trend strength.
True Midline
What Is It?
The True Midline represents the dynamic equilibrium between buyers and sellers, adapting to real-time market activity. Unlike fixed midlines in traditional oscillators, it adjusts based on where buyers and sellers enter and exit the market.
How Does It Work?
The midline accounts for four key activities: buyer entry, buyer exit, seller entry, and seller exit. This holistic approach highlights shifts in momentum and periods of reduced activity, such as when both buyers and sellers exit simultaneously, creating larger ranging zones.
How to Use It?
Consolidation Zones: Narrow midline ranges signal market indecision, often preceding breakouts.
Momentum Shifts: Crossing above or below the midline indicates transitions into bullish or bearish conditions.
Ranging Markets: Identifies reduced interest during simultaneous buyer and seller exits, helping avoid false signals.
The True Midline offers a clearer picture of market balance, helping traders navigate trends and consolidations with confidence.
Dynamic Trending Zones:
What Are They?
Dynamic Trending Zones represent areas of high volatility and breakout potential, reflecting shifts in market momentum and participation. These zones are self-adjusting and directly influence the midline's position.
There are two zones:
Bullish Trending Zone: Signals increased buyer momentum.
Bearish Trending Zone: Signals increased seller momentum.
How Are They Calculated?
The zones are derived using a combination of volume pressure and momentum changes, but these changes need to be sufficient to have moved price over time:
The indicator tracks sudden shifts in momentum relative to volume changes to identify critical thresholds for breakouts.
A "need-to-cross" point is established in each zone, acting as a breakout trigger.
If opposing or additional volume and momentum are insufficient, the zone remains unchanged until market conditions shift.
This ensures the zones dynamically adapt to real-time market activity while maintaining accuracy during periods of indecision or consolidation.
How to Use Them?
Bullish Breakouts: Crossing into the bullish zone and breaking a previous resistance signals strong buyer momentum. Check for contraction in the bearish zone to confirm dominance.
Bearish Breakouts: Similarly, crossing into the bearish zone while breaking a support level confirms seller strength.
Momentum Confirmation: Ensure current momentum is leading the high-timeframe RSI for more reliable trade setups.
Zone Analysis : Expansion of a zone signals increased participation (e.g., more buyers or sellers entering), while contraction indicates reduced activity or that buyers and or sellers are closing their positions.
These zones provide actionable insights into breakout potential and market momentum, helping traders make informed decisions in volatile conditions.
High Timeframe RSI (HTF RSI)
What Is It?
The High Timeframe RSI gives you real-time higher timeframe RSI values directly on your lower timeframe chart. This means you don’t have to wait for the higher timeframe candle to close before seeing the RSI updates—it’s always live.
Why Is It Needed?
Normally, to see the RSI on a higher timeframe, you have to wait for that timeframe to close. This can be slow and lead to missed opportunities. The HTF RSI solves this by showing you the higher timeframe RSI values as soon as each lower timeframe candle closes, giving you faster insights and no delays.
How It works?
Rather than just using the standard RSI, the HTF RSI compares the momentum on your current timeframe with what it would be on the higher timeframe. It takes into account how many candles on your current chart fit into each higher timeframe candle. This makes sure that the higher timeframe RSI is accurate and reflects the real momentum, even when switching between timeframes.
How to Use It?
Trend Confirmation:
When the HTF RSI is above the midline, it shows a bullish trend on the higher timeframe, and if your current momentum is also bullish, it strengthens your trade setup.
When the HTF RSI is below the midline, it shows a bearish trend, and if your current momentum is bearish, it supports short trade setups.
If bearish momentum is above the HTF RSI, it suggests a local downtrend within a larger bullish trend.
Major Benefits
Custom Timeframes: You can use any higher timeframe you choose, not just the typical ones.
Real-Time Updates: Get higher timeframe RSI values with each candle, without delays.
Better Trading Insights: Align your trades with both lower and higher timeframe trends to make more informed decisions.
With HTF RSI, you get a clear view of higher timeframe trends in real time, so you can act faster and smarter on your trades.
Dynamic Support and Resistance by HCDuranThis indicator dynamically plots support and resistance levels based on price action. It calculates the strongest support and resistance levels using the highest and lowest prices over a specified period, and visualizes these levels with different colors. Strong support and resistance are marked in **green** and **red** respectively, while **mid-range** support and resistance levels are displayed in **yellow**.
### Features:
- **Strong Support (Green):** The lowest price level over the last 50 bars.
- **Strong Resistance (Red):** The highest price level over the last 50 bars.
- **Mid Support (Yellow):** A support level above the strong support but below the resistance range.
- **Mid Resistance (Yellow):** A resistance level below the strong resistance but above the support range.
### Usage:
1. **Support and Resistance:** The indicator calculates dynamic support and resistance levels based on the most recent price action over a specified lookback period (e.g., 50 bars). These levels are then plotted on the chart for easy visualization.
2. **Alerts:** Alerts are triggered when the price crosses below the strong support or above the strong resistance. This can be useful for identifying potential breakouts or reversals.
### Help for Users:
This indicator helps to identify potential price reversal points by plotting dynamic support and resistance levels. Strong support or resistance levels can indicate areas where the price is likely to reverse, while mid-range levels can provide additional insights into price trends and ranges.
**Note:** The performance of this indicator may vary depending on the selected lookback period and time frame. It is recommended to experiment with different timeframes to see how the indicator performs under various market conditions.
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Bu indikatör, fiyat hareketlerine dayalı olarak dinamik destek ve direnç seviyelerini çizer. En yüksek ve en düşük seviyeler arasındaki farkı göz önünde bulundurarak, güçlü direnç ve destek seviyelerini kırmızı ve yeşil renklerle, orta seviyeleri ise sarı renk ile gösterir.
### Özellikler:
- **Güçlü Destek (Yeşil):** En düşük fiyat seviyesinin 50 barlık bir zaman dilimi boyunca belirlenen seviyesi.
- **Güçlü Direnç (Kırmızı):** En yüksek fiyat seviyesinin 50 barlık bir zaman dilimi boyunca belirlenen seviyesi.
- **Orta Destek (Sarı):** Destek seviyesinin üstünde, ancak güçlü destek seviyesinden daha yüksek bir seviyedir.
- **Orta Direnç (Sarı):** Direnç seviyesinin altında, ancak güçlü direnç seviyesinden daha düşük bir seviyedir.
### Kullanım:
1. **Destek ve Direnç:** Bu indikatör, belirli bir süre dilimindeki fiyat hareketlerine dayalı olarak destek ve direnç seviyelerini belirler ve çizer. Fiyat bu seviyelere yaklaşırken, seviyelerin ne kadar güçlü olduğunu görsel olarak değerlendirebilirsiniz.
2. **Uyarılar:** İndikatör, fiyatın güçlü destek seviyesinin altına düşmesi veya güçlü direnç seviyesinin üstüne çıkması durumunda uyarılar tetikler. Bu, trade kararları alırken önemli sinyaller sağlayabilir.
### Kullanıcıya Yardım:
Bu indikatör, dinamik destek ve direnç seviyeleri belirleyerek, potansiyel geri dönüş noktalarını ve fiyat hareketinin yönünü anlamaya yardımcı olur. Fiyatın güçlü seviyeleri kırması, önemli trade fırsatları gösterebilir.
**Not:** İndikatörün performansı, bakılan zaman dilimine ve seçilen lookback periyoduna göre değişebilir. Farklı zaman dilimlerinde kullanarak daha doğru sinyaller elde edebilirsiniz.
Fibonacci Moving Average PlusFibonacci Moving Average Plus is a sophisticated technical indicator that employs the first 15 numbers of the Fibonacci sequence to create dynamic moving average channels. This indicator aims to capture both immediate and long-term price movements by calculating Exponential Moving Averages (EMAs) based on these Fibonacci values. By using Fibonacci-based moving averages for both high and low price points, the indicator generates a visual channel that reflects the ebb and flow of market trends, acting as potential zones of support and resistance. Additionally, the indicator provides midline, retracement, and extension levels rooted in Fibonacci ratios, which are frequently observed as key levels for reversals or trend continuation.
Ideology Behind Using Fibonacci Sequence-Based Moving Averages
The Fibonacci sequence, known for its mathematical harmony and prevalence in natural patterns, is widely utilized in technical analysis to identify potential turning points in markets. In this indicator, the first 15 Fibonacci numbers (5, 8, 13, 21, etc.) are used as the lookback periods for EMAs to capture different layers of market sentiment. These moving averages represent timeframes that are theoretically in alignment with the natural rhythms of market cycles, where key levels—often coinciding with Fibonacci numbers—can act as magnetic points for price.
The Fibonacci high and low channels aim to encapsulate price action, giving traders a sense of whether the market is trending, consolidating, or experiencing reversal pressure. These levels, grounded in both mathematics and market psychology, help traders spot areas where price might face resistance or find support.
Key Features
Fibonacci Moving Average High and Low: This indicator calculates the high and low EMAs based on Fibonacci sequence numbers (e.g., 5, 8, 13, etc.) for enhanced trend analysis.
Golden Pocket Retracement (GPR) and Extension (GPE) Bands: Displays common Fibonacci retracement and extension levels (0.618, 0.65 for retracement, and 1.618, 1.65 for extension).
Midline: Plots the average of the Fibonacci high and low to act as an additional reference level.
Stop-Loss Levels: Provides suggested stop-loss levels based on Fibonacci levels for both long and short positions.
Basic User Guide
Adjust Input Settings:
Input Timeframe: Set a specific timeframe for the Fibonacci moving average calculation, separate from the chart's primary timeframe.
Show Fibonacci MA High/Low: Toggle the visibility of the high and low Fibonacci moving averages.
Show Mid Line: Display a midline for added trend reference.
Show Golden Pocket Bands: Choose to display retracement or extension bands for potential support or resistance zones.
Show Stop-Loss Levels: Enable to visualize potential stop-loss levels for both long and short trades.
Interpretation:
Fibonacci MA High and Low: Use these lines to gauge the general trend. When the price is above both, it may indicate an uptrend; below both, a downtrend.
Golden Pocket Retracement: This zone (between 0.618 and 0.65) is often a key level for potential reversals or support/resistance.
Golden Pocket Extension: The 1.618 and 1.65 levels can indicate potential profit-taking or trend exhaustion points.
Stop-Loss Levels: The calculated stop-loss levels (long SL below and short SL above) can aid in risk management.
Customization:
You can customize the appearance and visibility of each component through the input settings to fit your specific strategy and visual preferences.
This indicator should be used alongside other technical analysis tools to provide a more comprehensive trading approach.
This Indicator would not exist without the original contributions and blessing from Sofien Kaabar
Dollar Cost Averaging (YavuzAkbay)The Dollar Cost Averaging (DCA) indicator is designed to support long-term investors following a Dollar Cost Averaging strategy. The core aim of this tool is to provide insights into overbought and oversold levels, assisting investors in managing buy and sell decisions with a clear visual cue system. Specifically developed for use in trending or fluctuating markets, this indicator leverages support and resistance levels to give structure to investors' buying strategies. Here’s a detailed breakdown of the indicator’s key features and intended usage:
Key Features and Color Coding
Overbought/Oversold Detection:
The indicator shades candles from light green to dark green when an asset becomes increasingly overbought. Dark green signals indicate a peak, where the asset is overbought, suggesting a potential opportunity to take partial profits.
Conversely, candles turn from light red to dark red when the market is oversold. Dark red signifies a heavily oversold condition, marking an ideal buying window for initiating or adding to a position. This color scheme provides a quick visual reference for investors to manage entries and exits effectively.
Support and Resistance Levels:
To address the risk of assets falling further after an overbought signal, the DCA indicator dynamically calculates support and resistance levels. These levels guide investors on key price areas to watch for potential price reversals, allowing them to make more informed buying or selling decisions.
Support levels help investors assess whether they should divide their capital across multiple buy orders, starting at the current oversold zone and extending to anticipated support zones for maximum flexibility.
Usage Methodology
This indicator is intended for Dollar Cost Averaging, a method where investors gradually add to their position rather than entering all at once. Here’s how it complements the DCA approach:
Buy at Oversold Levels: When the indicator shows a dark red candle, it signals that the asset is oversold, marking an optimal entry point. The presence of support levels can help investors determine if they should fully invest their intended amount or stagger buys at potential lower levels.
Sell at Overbought Levels: When the indicator transitions to dark green, it suggests that the asset is overbought. This is an ideal time to consider selling a portion of holdings to realize gains. The resistance levels, marked by the indicator, offer guidance on where the price may encounter selling pressure, aiding investors in planning partial exits.
Customizable Settings
The DCA indicator offers several user-adjustable parameters:
Pivot Frequency and Source: Define the pivot point frequency and the source (candle wick or body) for more tailored support/resistance detection.
Maximum Pivot Points: Set the maximum number of pivot points to be used in support/resistance calculations, providing flexibility in adapting to different market structures.
Channel Width and Line Width: Adjust the width of the channel for support/resistance levels and the thickness of the lines for easier visual tracking.
Color Intensities for Overbought/Oversold Levels: Customize the shading intensity for each overbought and oversold level to align with your trading preferences.
Sentient FLDOverview of the FLD
The Future Line of Demarcation (FLD) was first proposed by JM Hurst in the 1970s as a cycle analysis tool. It is a smoothed median price plotted on a time-based chart, and displaced into the future (to the right on the chart). The amount of displacement is determined by performing a cycle analysis, the line then plotted to extend beyond the right hand edge of the chart by half a cycle wavelength.
Interactions between price and the FLD
As price action unfolds, price interacts with the FLD line, either by crossing over the line, or by finding support or resistance at the line.
Targets
When price crosses an FLD a target for the price move is generated. The target consists of a price level and also expected time.
When price reaches that target it is an indication that the cycle influencing price to move up or down has completed that action and is about to turn around.
If price fails to reach a target by the expected time, it indicates bullish or bearish pressure from longer cycles, and a change in mood of the market.
Sequence of interactions
Price interacts with the FLD in a regular sequence of 8 interactions which are labelled using the letters A - H, in alphabetical order. This sequence of interactions occurs between price and a cycle called the Signal cycle. The full sequence plays out over a single wave of a longer cycle, called the Sequence cycle. The interactions are:
A category interaction is where price crosses above the FLD as it rises out of a trough of the Sequence cycle.
B & C category interactions often occur together as a pair, where price comes back to the FLD line and finds support at the level of the FLD as the first trough of the Signal cycle forms.
D category interaction is where price crosses below the FLD as it falls towards the second trough of the Signal cycle.
E category interaction is where price crosses above the FLD again as it rises out of the second trough of the Signal cycle.
F category interaction is where price crosses below the FLD as it falls towards the next trough of the Sequence cycle.
G & H category interactions often occur together as a pair, where price comes back to the FLD line and finds resistance at the level of the FLD before a final move down into the next Sequence cycle trough.
Trading Opportunities
This sequence of interactions provides the trader with trading opportunities:
A and E category interactions involve price crossing over the FLD line, for a long trading opportunity.
D and F category interactions involve price crossing below the FLD line, for a short trading opportunity.
B and C category interactions occur where price finds support at the FLD, another long trading opportunity.
G and H category interactions occur where price finds resistance at the FLD, another short trading opportunity.
3 FLD Lines Plotted
The Sentient FLD indicator plots three FLD lines, for three primary cycles on your time-based charts:
The Signal cycle (pink color, can be changed in the settings), which is used to generate trading signals on the basis of the sequence of interactions between price and the FLD
The Mid cycle (orange color, can be changed in the settings), which is used for confirmation of the signals from the signal cycle FLD.
The Sequence cycle (green color, can be changed in the settings) which is the cycle over which the entire A - H sequence of interactions plays out.
Cycle Analysis
In addition to plotting the three FLD lines, the Sentient FLD indicator performs a cycle phasing analysis and identifies the positions of the troughs of five cycles on your chart (The Signal, Mid & Sequence cycles and two longer cycles for determining the underlying trend).
The results of this analysis are plotted by using diamond symbols to mark the timing of past troughs of the cycles, and circles to mark the timing of the next expected troughs, with lines extending to each side to represent the range of time in which the trough is expected to form. These are called circles-and-whiskers. The diamonds are stacked vertically because the troughs are synchronized in time. The circles-and-whiskers therefore are also stacked, creating a nest-of-lows which is a high probability period for a trough to form.
Identifying the Interactions
The Sentient FLD also identifies the interactions between price and each one of the three FLDs plotted on your chart, and those interactions are labelled so that you can keep track of the unfolding A - H sequence.
Next Expected Interaction
Because the Sentient FLD is able to identify the sequence of interactions, it is also able to identify the next expected interaction between price and the FLD. This enables you to anticipate levels of support or resistance, or acceleration levels where price is expected to cross through the FLD.
Cycle Table
A cycle table is displayed on the chart (position can be changed in settings). The cycle table comprises 6 columns:
The Cycle Name (CYCLE): the name of the cycle which is its nominal wavelength in words.
The Nominal Wavelength (NM): The nominal wavelength of the cycle measured in bars.
The Current Wavelength (CR): The current recent wavelength of the cycle measured in bars.
The Variation (VAR): The variation between the nominal wavelength and current wavelength as a percentage (%).
The relevant Sequence Cycle (SEQ): The cycle over which the sequence of interactions with this FLD plays out.
The Mode (MODE): Whether the cycle is currently Bearish, Neutral or Bullish.
Benefits of using the Sentient FLD
The cycle analysis shown with diamonds and circles marking the troughs, and next expected troughs of the cycles enable you to anticipate the timing of market turns (troughs and peaks in the price), because of the fact that cycles, by definition, repeat with some regularity.
The results of the cycle analysis are also displayed on your chart in a table, and enable you to understand at a glance what the current mode of each cycle is, whether bullish, bearish or neutral.
The identification of the sequence of interactions between price and the FLD enables you to anticipate the next interaction, and thereby expect either a price cross of the FLD or dynamic levels of support and resistance at the levels of the FLD lines, only visible to the FLD trader.
When the next expected interaction between price and the FLD is an acceleration point (price is expected to cross over the FLD), that level can be used as a signal for entry into a trade.
Similarly when the next expected interaction between price and the FLD is either support or resistance, that level can be used as a signal for entry into a trade when price reacts as expected, finding support or resistance.
The targets that are generated as a result of price crossing the FLD represent cycle exhaustion levels and times, and can be used as take profit exits, or as levels after which stops should be tightened.
The indicator optionally also calculates targets for longer timeframes, and displays them on your chart providing useful context for the influence of longer cycles without needing to change timeframe.
Example
In this image you can see an example of the different aspects of the indicator working on a 5 minute chart (details below):
This is what the indicator shows:
The 3 FLD lines are for the 100 minute (pink), 3 hour (orange) and 6 hour (green) cycles (refer to the cycle table for the cycle names).
Previous targets can be seen, shown as pointed labels, with the same colors.
The cycle table at the bottom left of the chart is colour coded, and indicates that the cycles are all currently running a bit long, by about 14%.
Note also the grey-colored 6 hour target generated by the 15 x minute timeframe at 12:20. When targets are close together their accuracy is enhanced.
At the foot of the chart we can see a collection of circles-and-whiskers in a nest-of-lows, indicating that a 12 hour cycle trough has been due to form in the past hour.
The past interactions between price and the signal cycle are labelled and we can see the sequence of E (with some +E post-interaction taps), F and then G-H.
The next interaction between price and the signal is the A category interaction - a long trading opportunity as price bounces out of the 12 hour cycle trough.
Notice the green upward pointing triangles on the FLD lines, indicating that they are expected to provide acceleration points, where price will cross over the FLD and move towards a target above the FLD.
The cycle table shows that the cycles of 6 hours and longer are all expected to be bullish (with the 12 hour cycle neutral to bullish).
On the basis that we are expecting a 12 hour trough to form, and the 6 hour cycle targets have been reached, and the next interaction with the signal cycle is an A category acceleration point, we can plan to enter into a long trade.
Two hours later
This screenshot shows the situation almost 2 hours later:
Notes:
The expected 12 hour cycle trough has been confirmed in the cycle analysis, and now displayed as a stack of diamonds at 12:25
Price did cross over the signal cycle FLD (the 100 minute cycle, pink FLD line) as expected. That price cross is labelled as an A category interaction at 13:00.
A 100 minute target was generated. That target was almost, but not quite reached in terms of price, indicating that the move out of the 12 hour cycle trough is not quite as bullish as would be expected (remember the 12 hour cycle is expected to be neutral-bullish). The time element of the target proved accurate however with a peak forming at the expected time. Stops could have been tightened at that time.
Notice that price then came back to the signal FLD (100 minute) line at the time that the next 100 minute cycle trough was expected (see the pink circle-and-whiskers between 13:40 and 14:25, with the circle at 14:05.
Price found support (as was expected) when it touched the signal FLD at 13:55 and 14:00, and that interaction has been labelled as a B-C category interaction pair.
We also have a 3 hour target above us at about 6,005. That could be a good target for the move.
Another 2 hours later
This screenshot shows the situation another 2 hours later:
Notes:
We can see that the 100 minute cycle trough has been confirmed at 13:45
The nest-of-lows marking the time the 3 hour cycle trough was expected is between 15:00 and 15:45, with a probable trough in price at 15:00
The sequence of interactions is labelled: A at 13:00; B-C at 14:00; another B-C (double B-C interactions are common) at 14:30; E at 15:10; +E (a post E tap) at 16:20
Price has just reached a cluster of targets at 6005 - 6006. The 3 hour target we noted before, as well as a 6 hour target and a 12 hour target from the 15 x minute timeframe.
Notice how after those targets were achieved, price has exhausted its upward move, and has turned down.
The next expected interaction with the signal cycle FLD is an F category interaction. The downward pointing red triangles on the line indicate that the interaction is expected to be a price cross down, as price moves down into the next 6 hour cycle trough.
Other Details
The Sentient FLD indicator works on all time-based charts from 10 seconds up to monthly.
The indicator works on all actively traded instruments, including forex, stocks, indices, commodities, metals and crypto.
Support and Resistance MTF [Cometreon]Support and Resistance is an advanced indicator that automatically plots key support and resistance levels on any symbol and timeframe, including higher ones. This innovative tool employs sophisticated algorithms to continuously analyze market data, identifying and drawing levels on the chart in real-time. By offering traders an immediate and clear view of critical market areas, Support and Resistance optimizes the decision-making process and eliminates time spent on manual analysis.
Key Features:
Automatic Level Identification: The indicator automatically plots all support and resistance levels, providing a clear map of key points on the chart.
Historical Visualization: Shows historical support and resistance levels, providing a comprehensive view of the market over time.
Dynamic Trend Creation: Automatically identifies and updates trends based on levels, simplifying the understanding of market directions.
Automatic Fibonacci: Generates Fibonacci levels based on the last two support and resistance levels, offering additional reference points for potential price retracements or extensions.
Customizable Alerts: Offers a series of configurable alerts to keep you informed about breakouts, new confirmed levels, and price bounces on active levels.
Technical Details and Customizable Inputs:
Support and Resistance offers a range of customizable settings that allow adapting the indicator to specific needs:
Line Types: Select the type of lines to display: active, broken, both, or none.
Left Length: Determines the number of candles to calculate the previous high or low point.
Right Length: Defines the number of candles needed to confirm a level as Support or Resistance.
Timeframe: You can modify the timeframe of supports and resistances to view levels of a higher timeframe. It's also possible to add additional support and resistance levels using a second timeframe.
Breakout Source: Change the source needed to break support and resistance levels between Close or High/Low.
Delete at Timeframe: Allows removing levels based on the current chart resource instead of using that of the higher timeframe.
Session Range: Choose a period of distance from the last candle to define how far back in the past the indicator should look for Supports or Resistances.
Style Valid Level: Customize the appearance of active levels, including the color of the level itself, Liquidity fill, text color, line style and thickness, extension, as well as the size, position, and values to display in the level text.
Liquidity: This option displays the liquidity associated with each support and resistance level, with three modes: "Wick" which goes from the high/low to the upper/lower body, "Body" instead goes from the level to the lower/upper body of the candle and "Full Range" which extends from the high to the low of the candle.
Style Break Level: Allows modifying color, style, and thickness of lines, as well as text width, for two types of breakouts: "MSS" and "BOS" .
"MSS" stands for "Market Structure Switch" and indicates a level breakout opposite to the previous breakout, signaling a trend reversal.
"BOS" , on the other hand, means "Break of Structure" and occurs when a level is broken in the same direction as the previous one, confirming trend continuation.
Fibonacci Trend Line : Add up to 8 Fibonacci levels based on the last two identified support and resistance levels. Customize the different levels by modifying colors, thickness, style, and extension of lines. You also have the option to add a transparent background between each level.
Use Only Confirmed Levels: Activate this option if you want the system to use only the last two confirmed levels, excluding potential levels not yet confirmed.
Reverse: Used to reverse the direction of Fibonacci lines.
Use Higher / Lower: This option allows using the currently active maximum and minimum levels of Support and Resistance. The indicator will update each Support level until it encounters another active Resistance, and vice versa.
Trend Style: Activate/deactivate two types of indicator Trends: "Bar Color" based on level breakouts and "Background Color" based on the last active unconfirmed level.
Signal Style: Activate or deactivate the various breakout and bounce signals. Bounces present three options:
- Total Rejection: occurs when the price exceeds the high or low and closes below the liquidity level.
- Internal Rejection: the price closes in the liquidity zone.
- Liquidity Rejection: the price does not exceed the high or low, but only the liquidity level, closing below it.
Customized Alerts: Set alerts to be notified in case of breakouts, bounces, or formation of new levels.
These options allow you to optimize the indicator for different trading styles and market conditions, ensuring accurate and tailored technical analysis.
How to Use Support and Resistance:
Using Critical Levels: Consider all levels on the chart as "magnetic points" for the price. These represent critical areas where the market tends to react.
Signal Interpretation: Use the indicator's signals to interpret market movements. A level breakout can indicate a trend reversal or continuation. Bounces can suggest the holding of a level or signal a possible breakout.
Strategy Integration: Leverage the trend of support and resistance levels, breakouts, and bounces as key elements to develop and refine your trading strategies.
Call To Action:
Support and Resistance simplifies your market analysis, saving you time and improving the accuracy of your decisions. Thanks to clearly visualized and customizable levels, you'll have a clearer and more immediate view of market dynamics.
Don't wait any longer: discover how Support and Resistance can enhance your market analysis, offering you clear indications for faster and more precise trading decisions.
3 CANDLE SUPPLY/DEMANDExplanation of the Code:
Demand Zone Logic: The script checks if the second candle closes below the low of the first candle and the third candle closes above both the highs of the first and second candles.
Zone Plotting: Once the pattern is identified, a demand zone is plotted from the low of the first candle to the high of the third candle, using a dashed green line for clarity.
Markers: A small triangle marker is added below the bars where a demand zone is detected for easy visualization.
Efficient Logic: The script checks the conditions for demand zone formation for every three consecutive candles on the chart.
This approach should be both accurate and efficient in plotting demand zones, making it easier to spot potential support levels on the chart.
Institutional Order Finder (IOF) - Hidden Order Block LiteInstitutional Order Finder (IOF) - Hidden Order Blocks
Institutional Order Finder (IOF) Indicator: Detecting Breaker Blocks and Hidden Order Blocks (HOBs)
The Institutional Order Finder (IOF) Lite is designed to assist traders in identifying breaker blocks, also known as hidden order blocks (HOBs). The indicator helps identify untouched bodies within order blocks and offers comprehensive analysis of fair value gaps (FVGs) and order blocks based on engulfing candles. The method for detecting engulfing patterns is customizable (available in the Pro version).
Features of the Institutional Order Finder (IOF) Lite Indicator
The indicator detects breaker blocks and distinguishes between complete HOBs and partial HOBs (PHOBs). An HOB is created when the body of a candle, to the left of an engulfing candle, ideally fits through the fair value gaps without being touched by wicks. The indicator differentiates between:
HOB (Hidden Order Block): The body completely fits through the FVGs and is untouched by wicks, making it a strong and reliable breaker block.
PHOB (Partial Hidden Order Block): The body does not fully fit, but at least the equilibrium (50% level of the body left of the engulfing candle) is covered by the FVGs.
The minimum requirement for a “good” HOB is for the equilibrium to be crossed by the FVGs. This method provides a focused and high-quality view of the market structure.
Visualization and Market Structure Analysis
The Institutional Order Finder (IOF) displays order blocks as lines, with the equilibrium being a critical analysis point. Once the equilibrium is reached, the order block is considered invalid. In addition to HOBs and PHOBs, the indicator also displays fair value gaps, as well as invalidated order blocks (OBs) and breaker blocks (BBs). Understanding these invalidations is essential for interpreting market behavior and potential turning points. The line representation offers a cleaner view, making it easier to combine multiple timeframes and spot clusters.
Multi-Timeframe Analysis (MTF)
The Lite version allows analysis of up to three different timeframes, helping traders observe the relevance and strength of order blocks across different time periods. For each selected timeframe, not only confirmed order blocks are shown, but also “potential order blocks (OBs) and breaker blocks (BBs).” These blocks are currently forming and are not yet confirmed. Potential OBs and BBs can provide crucial insights into the current market structure, especially for traders who seek early signals.
Lite Version and Limitations
The Lite version of the Institutional Order Finder (IOF) indicator has certain limitations. It can display only up to three timeframes, offers fewer customization options, and focuses on basic analysis tools. Nonetheless, the Lite version is a powerful tool for gaining initial insights into the functionality of the MT Breaker Block indicator and improving understanding of market structure.
Why Use the Institutional Order Finder (IOF) Indicator?
The Lite indicator offers a precise way to analyze and visualize order blocks and breaker blocks. By focusing on identifying untouched bodies and the equilibrium, the indicator provides a unique perspective on market structure, often missing from traditional order block indicators. With its ability to conduct multi-timeframe analysis and identify potential order blocks in real time, the IOF Lite indicator offers a detailed understanding of potential price movements.
Special thanks to Moneytaur for inspiring the creation of this indicator.
Settings Overview
GENERAL SETTINGS
Historical order blocks: Enables the display of historical order blocks on the chart.
Order blocks: Activates the detection and display of order blocks (OB).
Show high quality breaker blocks: Displays only high-quality breaker blocks (BB) that meet strict criteria. The lines for high-quality BBs are twice as thick as regular lines.
ENGULFING
Please choose Engulfing engine: Choose the type of engulfing pattern used to detect order blocks (e.g., “Engulfing Strict” for stricter criteria).
MTF SETTINGS
Default timeframe: Sets the default timeframe for order block analysis when the multi-timeframe (MTF) mode is turned off.
Show MTF order blocks: Enables the display of order blocks from multiple timeframes.
Timeframe 1, Timeframe 2, Timeframe 3: Specify the individual timeframes for MTF analysis.
Activate Timeframe 1, Activate Timeframe 2, Activate Timeframe 3: Control which MTF timeframes are actively used in the analysis.
ORDER BLOCK SETTINGS
Order Block Filter Strategy: Choose a filtering strategy to display only the most relevant OBs.
Extend order blocks to the right: Extends order blocks to the right until they are invalidated.
Show timeframe as label: Displays the timeframe of the order block as a label on the chart.
Bearish OB, Bullish OB, Breaker Block, Old Order Blocks, Old BB-Blocks (and possible): Choose colors for different types of order blocks and breaker blocks for easier visual distinction.
Label text color: Sets the color of the text within labels.
Label background color: Defines the background color of the labels.
Line width: Specifies the thickness of the lines that represent order blocks.
Please choose style of lines / current timeframe, Please choose style of lines / alternative timeframe: Choose the style of lines (e.g., solid or dotted) for the current and alternative timeframes.
Timeframe label offset in bars from actual bar: Determines the offset of labels relative to the candles, improving visibility.
FAIR VALUE GAPS
Show Fair Value Gaps: Activates the detection and display of fair value gaps (FVG), highlighting potential liquidity gaps.
FILTER SETTINGS
Number of Previous Candles (Candle Pattern Strength): Specifies the number of previous candles to analyze to determine the strength of the candle pattern.
Candle Size Multiplier (Candle Pattern Strength): Sets a multiplier for the candle size within the pattern to emphasize stronger patterns.
RSI Period (RSI): Defines the period for the RSI indicator, used to analyze overbought/oversold conditions.
Overbought Level (RSI), Oversold Level (RSI): Sets the RSI threshold values to identify potential trend reversal points.
Minimum Volume (Volume): Specifies the minimum volume that must be reached to validate order blocks and breaker blocks.
This guide provides a comprehensive breakdown of the Institutional Order Finder (IOF) Lite Indicator settings, allowing you to customize and maximize the indicator’s functionality for optimal trading insights.
Support & Resistance AI LevelScopeSupport & Resistance AI LevelScope
Support & Resistance AI LevelScope is an advanced, AI-driven tool that automatically detects and highlights key support and resistance levels on your chart. This indicator leverages smart algorithms to pinpoint the most impactful levels, providing traders with a precise, real-time view of critical price boundaries. Save time and enhance your trading edge with effortless, intelligent support and resistance identification.
Key Features:
AI-Powered Level Detection: The LevelScope algorithm continuously analyzes price action, dynamically plotting support and resistance levels based on recent highs and lows across your chosen timeframe.
Sensitivity Control: Customize the sensitivity to display either major levels for a macro view or more frequent levels for detailed intraday analysis. Easily adjust to suit any trading style or market condition.
Level Strength Differentiation: Instantly recognize the strength of each level with visual cues based on how often price has touched each one. Stronger levels are emphasized, highlighting areas with higher significance, while weaker levels are marked subtly.
Customizable Visuals: Tailor the look of your chart with customizable color schemes and line thickness options for strong and weak levels, ensuring clear visibility without clutter.
Proximity Alerts: Receive alerts when price approaches key support or resistance, giving you a heads-up for potential market reactions and trading opportunities.
Who It’s For:
Whether you're a day trader, swing trader, or just want a quick, AI-driven way to identify high-probability levels on your chart, Support & Resistance AI LevelScope is designed to keep you focused and informed. This indicator is the perfect addition to any trader’s toolkit, empowering you to make more confident, data-backed trading decisions with ease.
Upgrade your analysis with AI-powered support and resistance—no more manual lines, only smart levels!
Volumetric Rejection Blocks [UAlgo]The Volumetric Rejection Blocks is designed to help traders identify and visualize key price levels where volumetric rejections occur, which may indicate a shift in market sentiment. These rejections can signal potential trend reversals or areas where price action is likely to face support or resistance. By drawing rejection blocks based on volumetric strength, the indicator allows users to observe where significant buying or selling pressure has been exerted, which can be used as a reference point for future price action.
Also indicator dynamically calculates swing highs and lows, analyzes bullish and bearish strengths based on volume-weighted price movements, and displays rejection blocks on the chart. Each rejection block represents an area where the price attempted to move beyond a certain level but faced rejection, either on a close or wick basis. This can be particularly useful for traders who rely on market structure and order flow to make informed decisions about entering or exiting trades.
🔶 Key Features
Swing Length Customization: Allows users to define the swing length, helping tailor the sensitivity of the swing high and low detection to the specific market conditions.
Rejection Block Visualization: Displays up to the last 10 rejection blocks based on user settings, clearly marking areas of significant bullish or bearish rejections.
Volumetric Strength Analysis: The indicator calculates bullish and bearish strength for each rejection block, based on volume-weighted price movements over the last few bars, giving insight into the intensity of the rejection.
Violation Check Type: Offers two options for violation detection—"Close" and "Wick". This allows traders to specify whether a price level is considered broken only if it closes beyond the level or if any wick breaches it.
Bullish and Bearish Block Coloring: Rejection blocks are colored to represent bullish (green) and bearish (red) rejection areas. The color transparency can be adjusted for clear visibility overlaid on the price chart.
Market Structure Labels: Labels and lines marking "Market Structure Shift" (MSS) and "Break of Structure" (BOS) are displayed, giving traders context about significant market structure changes.
🔶 Interpreting the Indicator
Rejection Blocks: These colored blocks on the chart indicate areas where the price faced significant buying or selling pressure. A green block suggests a bullish rejection (support zone), where buyers absorbed the sell-off, potentially pushing the price upward. Conversely, a red block indicates a bearish rejection (resistance zone), where sellers overpowered buyers, potentially driving the price lower.
Strength Analysis: The width of the green and red sections within a rejection block represents the relative bullish and bearish strengths. A wider green section indicates stronger bullish support, while a wider red section suggests more robust bearish resistance. This helps traders gauge the likelihood of price holding or breaching these levels.
Market Structure Shift (MSS) and Break of Structure (BOS): The indicator automatically detects and labels significant changes in market structure. An "MSS" label indicates the first break, suggesting a potential shift in trend direction. A "BOS" label indicates a subsequent confirmation in trend direction, allowing traders to recognize potential trend continuations.
Violation Check: Traders can choose how to interpret breaks of these rejection blocks. Using the "Close" option provides a more conservative approach, requiring a close beyond the level for confirmation. The "Wick" option is more aggressive, treating any wick beyond the level as a break.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Formation Defined Moving Support and ResistanceThe script was originally coded in 2018 with Pine Script version 3, and it was in protected code status. It has been updated and optimised for Pine Script v5 and made completely open source.
The Formation Defined Moving Support and Resistance indicator is a sophisticated tool for identifying dynamic support and resistance levels based on specific price formations and level interactions. This indicator goes beyond traditional static support and resistance by updating levels based on predefined formation patterns and market behaviour, providing traders with a more responsive view of potential support and resistance zones.
Features:
The indicator detects essential price levels:
Lower Low (LL)
Higher Low (HL)
Higher High (HH)
Lower High (LH)
Equal Lower Low (ELL)
Equal Higher Low (EHL)
Equal Higher High (EHH)
Equal Lower High (ELH)
By identifying these key points, the script builds a foundation for tracking and responding to changes in price structure.
Pre-defined Formations and Comparisons:
The indicator calculates and recognises nine different pre-defined formations, such as bullish and bearish formations, based on the sequence of price levels.
These formations are compared against previous levels and formations, allowing for a sophisticated understanding of recent market movements and momentum shifts.
This formation-based approach provides insights into whether the price is likely to maintain, break, or reverse key levels.
Dynamic Support and Resistance Levels:
The indicator offers an option to toggle Moving Support and Resistance Levels.
When enabled, the support and resistance levels dynamically adjust:
Upon a change in the detected formation.
When the bar’s closing price breaks the last defined support or resistance level.
This feature ensures that the support and resistance levels adapt quickly to market changes, giving a more accurate and responsive perspective.
Customisable Price Source:
Users can choose the price source for level detection, selecting between close or high/low prices.
This flexibility allows the indicator to adapt to different trading styles, whether the focus is on closing prices for more conservative levels or on highs and lows for more sensitive level tracking.
This indicator can benefit traders relying on dynamic support and resistance rather than fixed, historical levels. It adapts to recent price actions and market formations, making it useful for identifying entry and exit points, trend continuation or reversal, and setting trailing stops based on updated support and resistance levels.
Chessboard Support & ResistanceThe “Chessboard Support & Resistance” indicator is designed to assist traders in visualizing key levels of support and resistance on a chart by employing ATR (Average True Range) to create dynamic horizontal zones. This indicator automatically plots robust support and resistance bands that can help identify potential areas where price may reverse, consolidate, or react. These levels are particularly beneficial for traders who employ concepts like Smart Money analysis, as they illustrate zones where institutional trading activity might occur.
How It Works:
• The indicator uses ATR-based calculations to determine the placement of the support and resistance zones. This approach accounts for market volatility, making the zones adaptive to changing conditions.
• The Zone Thickness parameter allows users to customize the width of the plotted zones, enhancing visibility and fitting them to their specific trading style.
• The support and resistance zones extend horizontally across the chart, providing clear reference points for potential price reactions.
Practical Application:
• Trend Analysis: Identify areas of significant price resistance and support to understand potential turning points or trends in the market.
• Risk Management: Use these zones to better inform stop-loss placements or set profit targets.
• Confirmation Tool: Combine the indicator with other technical analysis tools for confirmation of potential trade entries or exits.
Customization Options:
• Change the colors of the support and resistance zones for better integration with different chart themes.
• Adjust the ATR Length and Multiplier to fine-tune the sensitivity of the zones based on personal preferences and the characteristics of the asset being analyzed.
Disclaimer:
This indicator is for educational and informational purposes only. It is not intended to serve as investment advice or a recommendation to buy or sell any financial instrument. Always perform your own research and consider consulting with a financial professional before making trading decisions. Trading involves significant risk, and past performance does not guarantee future results.
Volume Profile Heatmap 2.0The "Enhanced Volume Profile Heatmap" is a powerful Pine Script indicator designed for advanced volume analysis on TradingView charts. It creates a dynamic heatmap of volume distribution across a defined price range, enabling traders to pinpoint significant trading levels and understand price action more deeply.
Key Features:
Configurable Parameters:
Number of Bins (numBins): Defines the resolution of the heatmap by dividing the price range into multiple levels. More bins provide higher granularity.
Lookback Period (lookback): Sets the historical period over which the volume profile is calculated.
Price Range Calculation:
Calculates the highest and lowest prices over the lookback period, defining the boundaries for volume distribution.
Volume Allocation Across Price Levels:
The price range is divided into "bins" where each bin represents a specific price level.
For each price within the lookback period, the corresponding volume is allocated to its bin, building a comprehensive distribution of volume per price level.
Volume Normalization and Heatmap Visualization:
Volume for each bin is normalized based on the highest volume bin, creating a gradient effect to visually represent high and low-volume areas.
A heatmap color scheme is applied, where low volume appears redder and high volume appears greener, emphasizing critical price levels.
Visual Representation:
Each bin’s volume is depicted as a horizontal line with varying color intensity, creating a heatmap effect directly over the price chart.
Purpose:
The Enhanced Volume Profile Heatmap is ideal for traders looking to identify high-activity trading zones, which often act as strong support or resistance. By visualizing where trading activity concentrates, users can gain insights into potential areas of interest, allowing for more informed entry and exit decisions.
This indicator is a unique tool for volume-based analysis, helping traders understand underlying market sentiment and positioning across different price levels in a clear, intuitive way.
IQ Zones [TradingIQ]Hey Traders!
Introducing "IQ Zones".
"IQ Zones" is an indicator that combines support and resistance identification with volume, the "value area" of a candlestick to be exact. IQ Zones identifies turning points in the market; however, the candlestick high or low that formed the key turning point is not necessarily distinguished as the support/resistance area. Instead, the script looks into the bar at lower timeframes and calculates the value area of the candlestick that formed the support or resistance level. Therefore, any lines protruding from a candlestick reflect the value area of that candlestick. These levels (value area high and value area low) are marked on the candlestick as a support/resistance level. If the level formed on high volume it's marked as an "IQ Zone".
Additionally, IQ Zones presents a heat map to show volume intensity at nearby price areas. The heatmap is a product of the Volume Profile (IQ Profile) located on the right of the chart.
The IQ Profile is a segmented volume profile. Recent price is split into fifths (customizable), and individual volume profiles are calculated for all segmented price areas. Price is split into more than one segment to avoid a situation where volume in a ranging price zone far surpasses all other recent price areas - creating an "unusable" volume profile that doesn't offer helpful insights. If desired, you can set the segmenting option to "1" to calculate one unified volume profile for the entire price range.
The image above shows IQ Zones in action!
Core Features of IQ Zones
Value Area Support and Resistance Levels
Segmented volume profile for the recent trading period
Volume intensity heatmap
Support and resistance levels in high volume intensity may be more significant as price stoppers
The image above explains the labels marked along the y-axis of the IQ Profile.
The "more green" a price area/label is, the higher the volume intensity at the marked support/resistance area.
The image above further explains line lines protruding from the IQ Profile.
For this example, the value area of the candlestick (where most trading action occurred) is quite far from the high price of the candlestick that formed a resistance level! Using the value area of a candlestick that marks a key turning point to draw support/resistance offers insight into where the majority of trading action took place when the support/resistance level was forming!
Additionally, you can hover your mouse over the IQ Zone labels (triangles pointing up or down) to see the prices of the value area for the support/resistance level, including the total buying volume and total selling volume at the price area!
The image above further explains the IQ Profile!
You can segment the recent price area anywhere from 1 - 15 times.
The image above further explains IQ Zones and the IQ Profile!
That will be all for this indicator - a fun project to share with the community.
Thank you!
Multi-Timeframe RangeThe Multi-Timeframe Range Indicator is designed for traders looking to monitor key price levels across various timeframes (Daily, Weekly, Monthly, Quarterly, and Yearly) directly on their charts. This indicator draws boxes and mid-lines for each timeframe’s high, low, and midpoint, enabling users to visualize price ranges and assess potential areas of support and resistance more effectively.
Features:
Dynamic Range Boxes: Displays the high, low, and midpoint levels for each specified timeframe, with customizable colors for easy differentiation.
Visual Cues for Monday’s Levels: Highlights Monday’s high, low, and midpoint levels each week to support intraday trading setups and weekly trend analysis.
Multi-Timeframe Flexibility: Easily toggle between timeframes to view ranges from daily to yearly, making this indicator suitable for both short-term and long-term traders.
Ideal Use Cases:
Identify key support and resistance zones based on multiple timeframes.
Assess weekly and monthly trends using the Monday range levels.
Gain insights into market structure across various timeframes.
ARMORE Capital: Support–Resistance Levels v2.0 [Enhanced]Enhanced S/R Levels with Signals
The "Enhanced S R Levels with Signals" indicator is designed to help traders and investors identify key Support and Resistance levels on a price chart. It also includes LONG and SHORT signals to help you see potential buy and sell opportunities. Here's a beginner-friendly breakdown of how it works and how to use it:
How it Works
Support and Resistance Levels:
Support Levels (blue lines) are prices where the stock tends to find a "floor" or buying interest, potentially pushing the price up. These levels are calculated based on the lowest prices over a period, with the sensitivity setting helping adjust the distance between each support level.
Resistance Levels (red lines) are prices where the stock often encounters a "ceiling" or selling interest, which could push the price down. These levels are calculated based on the highest prices over a period, with sensitivity adjusting the distance between each resistance level.
The indicator plots up to five support and five resistance lines, giving you a layered view of price levels where the market may react.
LONG and SHORT Signals:
LONG Signal (green arrow pointing up): When the closing price goes above the closest support level, the indicator shows a LONG signal below the bar, suggesting a potential upward trend.
SHORT Signal (red arrow pointing down): When the closing price goes below the closest resistance level, the indicator shows a SHORT signal above the bar, indicating a potential downward trend.
Background Ribbons:
When a LONG condition is met, a faint green background appears on the chart as a visual cue.
When a SHORT condition is met, a faint red background appears to signal potential bearish pressure.
How to Use It
1. Finding Entry and Exit Points: Use the LONG and SHORT signals as a guide, but remember to consider other factors before making trading decisions. A LONG signal suggests that price may rise, while a SHORT signal indicates potential downside.
2. Support & Resistance Levels: Treat these levels as potential points of interest. Prices often react at support or resistance, so you can look for confirmation (e.g., reversal patterns, volume spikes) around these levels.
3. Experiment with Sensitivity: Adjust the "Sensitivity" setting to see how it changes the spacing of support and resistance levels. Higher sensitivity may show more frequent support/resistance levels, which can be helpful for short-term traders.
DISCLAIMER : This is purely experimental and shouldn't be considered a blatant Buy-Sell Indicator. Please feel free to use it to supplement your research, share it with your friends, iterate and improve upon it, and use it to build better, more powerful tools!
Remember, always combine technical indicators with other analysis methods and manage your risk responsibly. Happy Trading!
CSP Key Level Finder This script is designed for option sellers, particularly those using strategies like cash-secured puts (CSPs), to help automate the process of identifying key levels in the market. The core functionality is to calculate a specific price level where a 5% return can be achieved based on the historical volatility of the underlying asset. This level is visually plotted on a chart to guide traders in making more informed decisions without manually calculating the thresholds themselves.
The script incorporates implied volatility (IV) data to determine the volatility rank of the asset and calculates historical volatility (HV) based on price movements. These volatility measures help assess market conditions. The resulting key level is drawn as a line on the chart, along with a label that includes relevant information about volatility, making it easier for traders to evaluate potential option selling strategies.
Additionally, the script includes user input options, allowing users to control when to display the key level on the chart, offering flexibility based on individual needs. Overall, the script provides a visual aid for option sellers to streamline the process of identifying attractive entry points.
Alboncalc: Top and Bottom Detector - Straight Line ContinuityDescription:
The "Alboncalc: Top and Bottom Detector - Straight Line Continuity" is an innovative indicator for identifying key price reversal points (tops and bottoms) with precision. Unlike traditional indicators that focus on abstract data representations like oscillators or momentum-based lines, this indicator directly overlays the price chart. It draws a continuous line connecting highs and lows (tops and bottoms), providing traders with a clear and immediate visual representation of market swings. The lines automatically adjust in real-time, maintaining a straight path during trend continuations and only shifting when a trend reversal is detected.
Originality and Usefulness:
This indicator stands out from other tools available on TradingView due to its unique ability to maintain a continuous line across price swings, preserving accuracy and visual clarity. Most traditional top-and-bottom detectors merely mark points or provide indicators that are disconnected from price action, making it harder for traders to spot patterns. This script takes a different approach by drawing lines directly on the price chart, offering greater precision and better trend visualization. This innovation is particularly useful for traders who rely on visual cues and price action analysis to make decisions. It simplifies the process of identifying reversal points and trends without needing to rely on lagging indicators.
How It Works:
This indicator detects tops and bottoms based on user-defined periods. When the highest point in a given period is detected, it marks it as a top, and similarly, when the lowest point is detected, it marks it as a bottom. As the price moves, the indicator adjusts the lines to connect consecutive tops and bottoms. If the trend continues in the same direction (e.g., an uptrend), the line remains straight and extends. If a reversal is detected, a new line is drawn to connect the previous bottom (or top) to the new reversal point, providing an accurate visual representation of market trends.
How to Use:
1. Load the Indicator: Add the "Alboncalc: Top and Bottom Detector - Straight Line Continuity" to your chart from the TradingView script library.
2. Customize Settings: Adjust the "Top Period" and "Bottom Period" inputs to fine-tune the sensitivity of top and bottom detection based on your preferred timeframe.
3. Observe Price Action: As the price moves, the indicator will draw lines directly over the price chart, connecting tops and bottoms.
4. Interpret the Lines: Use the continuous lines to identify ongoing trends and potential reversal points. The line remains straight during trend continuation, indicating sustained movement in one direction. A new line signifies a reversal in the trend.
This tool is ideal for traders using trend-following strategies, breakout detection, or those who prefer clean, visual price action analysis (Only Tops and Bottons).
Underlying Concepts:
The core of this indicator is based on the highest high and lowest low concept, which is common in technical analysis. The logic is simple:
- A top is detected when the price reaches a high point compared to a user-defined number of prior candles (i.e., the `top_period`).
- A bottom is detected when the price hits a low point compared to the prior candles (i.e., the `bottom_period`).
When the price continues in the same trend, the line is extended without a break. This behavior ensures that trends are represented in a clear and consistent manner, which helps traders better identify trend continuations and reversals.
Code Breakdown:
```pinescript
//@version=5
indicator("Top and Bottom Detector - Straight Line Continuity", overlay=true)
```
- This initializes the indicator and specifies that it will overlay directly on the price chart.
```pinescript
var int top_period = input.int(5, title="Top Period", minval=1)
var int bottom_period = input.int(5, title="Bottom Period", minval=1)
```
- These inputs allow the user to customize the number of candles used to identify tops and bottoms. A higher period results in fewer but more significant top/bottom detections, while a lower period increases sensitivity.
```pinescript
isTop = ta.highest(top_period) == high
isBottom = ta.lowest(bottom_period) == low
```
- These lines check if the current candle has the highest high or the lowest low in the defined period. If true, the current price is either a top or a bottom.
```pinescript
var line currentLine = na
var float last_price = na
var int last_index = na
var bool isUpTrend = na
```
- These variables store the current line being drawn (`currentLine`), the last detected price (`last_price`), and the direction of the trend (`isUpTrend`). `last_index` tracks where the last top or bottom was detected.
```pinescript
if (isTop or isBottom)
if (not na(last_price))
if ((isTop and isUpTrend) or (isBottom and not isUpTrend))
line.set_xy2(currentLine, bar_index, (isTop ? high : low))
else
currentLine := line.new(x1=last_index, y1=last_price, x2=bar_index, y2=(isTop ? high : low), color=color.yellow, width=2)
last_price := (isTop ? high : low)
last_index := bar_index
isUpTrend := isTop
```
- The `if` block handles the logic of drawing the line. If a top or bottom is detected, and the trend continues (either an uptrend for tops or a downtrend for bottoms), the current line is extended using `line.set_xy2`. If a reversal is detected, a new line is drawn using `line.new`.
- The `last_price` and `last_index` variables are updated after each detection, and the `isUpTrend` flag is set based on whether a top or bottom was found.
Conclusion:
This indicator offers a more precise and visually intuitive way of identifying tops and bottoms directly on the price chart, making it an essential tool for traders focused on price action. Its ability to draw continuous lines through ongoing trends and adjust only upon a reversal makes it superior in terms of visual clarity compared to most conventional indicators.
$TUBR: 7-25-99 Moving Average7, 25, and 99 Period Moving Averages
This indicator plots three moving averages: the 7-period, 25-period, and 99-period Simple Moving Averages (SMA). These moving averages are widely used to smooth out price action and help traders identify trends over different time frames. Let's break down the significance of these specific moving averages from both supply and demand perspectives and a price action perspective.
1. Supply and Demand Perspective:
- 7-period Moving Average (Short-Term) :
The 7-period moving average represents the short-term sentiment in the market. It captures the rapid fluctuations in price and is heavily influenced by recent supply and demand changes. Traders often look to the 7-period SMA for immediate price momentum, with price moving above or below this line signaling short-term strength or weakness.
- Bullish Supply/Demand : When price is above the 7-period SMA, it suggests that buyers are currently in control and demand is higher than supply. Conversely, price falling below this line indicates that supply is overpowering demand, leading to a short-term downtrend.
Is current price > average price in past 7 candles (depending on timeframe)? This will tell you how aggressive buyers are in short term.
- Key Supply/Demand Zones : The 7-period SMA often acts as dynamic support or resistance in a trending market, where traders might use it to enter or exit positions based on how price interacts with this level.
- 25-period Moving Average (Medium-Term) :
The 25-period SMA smooths out more of the noise compared to the 7-period, providing a more stable indication of intermediate trends. This moving average is often used to gauge the market's supply and demand balance over a broader timeframe than the short-term 7-period SMA.
- Supply/Demand Balance : The 25-period SMA reflects the medium-term equilibrium between supply and demand. A crossover between the price and the 25-period SMA may indicate a shift in this balance. When price sustains above the 25-period SMA, it shows that demand is strong enough to maintain an upward trend. Conversely, if the price stays below it, supply is likely exceeding demand.
Is current price > average price in past 25 candles (depending on timeframe)? This will tell you how aggressive buyers are in mid term.
- Momentum Shift : Crossovers between the 7-period and 25-period SMAs can indicate momentum shifts between short-term and medium-term demand. For example, if the 7-period crosses above the 25-period, it often signifies growing short-term demand relative to the medium-term trend, signaling potential buy opportunities. What this crossover means is that if 7MA > 25MA that means in past 7 candles average price is more than past 25 candles.
- 99-period Moving Average (Long-Term):
The 99-period SMA represents the long-term trend and reflects the market's supply and demand over an extended period. This moving average filters out short-term fluctuations and highlights the market's overall trajectory.
- Long-Term Supply/Demand Dynamics : The 99-period SMA is slower to react to changes in supply and demand, providing a more stable view of the market's overall trend. Price staying above this line shows sustained demand dominance, while price consistently staying below reflects ongoing supply pressure.
Is current price > average price in past 99 candles (depending on timeframe)? This will tell you how aggressive buyers are in long term.
- Market Trend Confirmation : When both the 7-period and 25-period SMAs are above the 99-period SMA, it signals a strong bullish trend with demand outweighing supply across all timeframes. If all three SMAs are below the 99-period SMA, it points to a bear market where supply is overpowering demand in both the short and long term.
2. Price Action Perspective :
- 7-period Moving Average (Short-Term Trends):
The 7-period moving average closely tracks price action, making it highly responsive to quick shifts in price. Traders often use it to confirm short-term reversals or continuations in price action. In an uptrend, price typically stays above the 7-period SMA, whereas in a downtrend, price stays below it.
- Short-Term Price Reversals : Crossovers between the price and the 7-period SMA often indicate short-term reversals. When price breaks above the 7-period SMA after staying below it, it suggests a potential bullish reversal. Conversely, a price breakdown below the 7-period SMA could signal a bearish reversal.
- 25-period Moving Average (Medium-Term Trends) :
The 25-period SMA helps identify the medium-term price action trend. It balances short-term volatility and longer-term stability, providing insight into the more persistent trend. Price pullbacks to the 25-period SMA during an uptrend can act as a buying opportunity for trend traders, while pullbacks during a downtrend may offer shorting opportunities.
- Pullback and Continuation: In trending markets, price often retraces to the 25-period SMA before continuing in the direction of the trend. For instance, if the price is in a bullish trend, traders may look for support at the 25-period SMA for potential continuation trades.
- 99-period Moving Average (Long-Term Trend and Market Sentiment ):
The 99-period SMA is the most critical for identifying the overall market trend. Price consistently trading above the 99-period SMA indicates long-term bullish momentum, while price staying below the 99-period SMA suggests bearish sentiment.
- Trend Confirmation : Price action above the 99-period SMA confirms long-term upward momentum, while price action below it confirms a downtrend. The space between the shorter moving averages (7 and 25) and the 99-period SMA gives a sense of the strength or weakness of the trend. Larger gaps between the 7 and 99 SMAs suggest strong bullish momentum, while close proximity indicates consolidation or potential reversals.
- Price Action in Trending Markets : Traders often use the 99-period SMA as a dynamic support/resistance level. In strong trends, price tends to stay on one side of the 99-period SMA for extended periods, with breaks above or below signaling major changes in market sentiment.
Why These Numbers Matter:
7-Period MA : The 7-period moving average is a popular choice among short-term traders who want to capture quick momentum changes. It helps visualize immediate market sentiment and is often used in conjunction with price action to time entries or exits.
- 25-Period MA: The 25-period MA is a key indicator for swing traders. It balances sensitivity and stability, providing a clearer picture of the intermediate trend. It helps traders stay in trades longer by filtering out short-term noise, while still being reactive enough to detect reversals.
- 99-Period MA : The 99-period moving average provides a broad view of the market's direction, filtering out much of the short- and medium-term noise. It is crucial for identifying long-term trends and assessing whether the market is bullish or bearish overall. It acts as a key reference point for longer-term trend followers, helping them stay with the broader market sentiment.
Conclusion:
From a supply and demand perspective, the 7, 25, and 99-period moving averages help traders visualize shifts in the balance between buyers and sellers over different time horizons. The price action interaction with these moving averages provides valuable insight into short-term momentum, intermediate trends, and long-term market sentiment. Using these three MAs together gives a more comprehensive understanding of market conditions, helping traders align their strategies with prevailing trends across various timeframes.
------------- RULE BASED SYSTEM ---------------
Overview of the Rule-Based System:
This system will use the following moving averages:
7-period MA: Represents short-term price action.
25-period MA: Represents medium-term price action.
99-period MA: Represents long-term price action.
1. Trend Identification Rules:
Bullish Trend:
The 7-period MA is above the 25-period MA, and the 25-period MA is above the 99-period MA.
This structure shows that short, medium, and long-term trends are aligned in an upward direction, indicating strong bullish momentum.
Bearish Trend:
The 7-period MA is below the 25-period MA, and the 25-period MA is below the 99-period MA.
This suggests that the market is in a downtrend, with bearish momentum dominating across timeframes.
Neutral/Consolidation:
The 7-period MA and 25-period MA are flat or crossing frequently with the 99-period MA, and they are close to each other.
This indicates a sideways or consolidating market where there’s no strong trend direction.
2. Entry Rules:
Bullish Entry (Buy Signals):
Primary Buy Signal:
The price crosses above the 7-period MA, AND the 7-period MA is above the 25-period MA, AND the 25-period MA is above the 99-period MA.
This indicates the start of a new upward trend, with alignment across the short, medium, and long-term trends.
Pullback Buy Signal (for trend continuation):
The price pulls back to the 25-period MA, and the 7-period MA remains above the 25-period MA.
This indica
tes that the pullback is a temporary correction in an uptrend, and buyers may re-enter the market as price approaches the 25-period MA.
You can further confirm the signal by waiting for price action (e.g., bullish candlestick patterns) at the 25-period MA level.
Breakout Buy Signal:
The price crosses above the 99-period MA, and the 7-period and 25-period MAs are also both above the 99-period MA.
This confirms a strong bullish breakout after consolidation or a long-term downtrend.
Bearish Entry (Sell Signals):
Primary Sell Signal:
The price crosses below the 7-period MA, AND the 7-period MA is below the 25-period MA, AND the 25-period MA is below the 99-period MA.
This indicates the start of a new downtrend with alignment across the short, medium, and long-term trends.
Pullback Sell Signal (for trend continuation):
The price pulls back to the 25-period MA, and the 7-period MA remains below the 25-period MA.
This indicates that the pullback is a temporary retracement in a downtrend, providing an opportunity to sell as price meets resistance at the 25-period MA.
Breakdown Sell Signal:
The price breaks below the 99-period MA, and the 7-period and 25-period MAs are also below the 99-period MA.
This confirms a strong bearish breakdown after consolidation or a long-term uptrend reversal.
3. Exit Rules:
Bullish Exit (for long positions):
Short-Term Exit:
The price closes below the 7-period MA, and the 7-period MA starts crossing below the 25-period MA.
This indicates weakening momentum in the uptrend, suggesting an exit from the long position.
Stop-Loss Trigger:
The price falls below the 99-period MA, signaling the breakdown of the long-term trend.
This can act as a final exit signal to minimize losses if the long-term uptrend is invalidated.
Bearish Exit (for short positions):
Short-Term Exit:
The price closes above the 7-period MA, and the 7-period MA starts crossing above the 25-period MA.
This indicates a potential weakening of the downtrend and signals an exit from the short position.
Stop-Loss Trigger:
The price breaks above the 99-period MA, invalidating the bearish trend.
This signals that the market may be reversing to the upside, and exiting short positions would be prudent.
Supply and demandHi all!
This is my take on supply/demand. The gist is that it creates a zone if there is a big enough reaction. This is configurable in settings as "Minimum range (ATR factor)" (the Average True Length of length 14) that is the distance that the price must travel and "Reaction bars" that is the maximum number of bars that price must travel this distance. The zones that are shown are the ones that have a retest, break and retest or is unmitigated (untouched). If a zone is mitigated (entered) or broken it is temporarily hidden. For a zone to be created it needs to have this reaction and the previous bar does not.
So this script will show you zones that are fresh (unmitigated), retested or broken and retested. This means that the zones that are shown have "proven" that they are good zones through this. Basically it means that the script creates a bunch of zones and then picks the good once. This makes the script have some latency, but will hopefully give you good zones. A zone is completely removed if it's broken twice (it's okay if it's broken once and can still have a retest after it has flipped from previous supply (or resistance) into demand (or support)).
Here is a zone (the one that has the lowest opacity) that is broken and retested that could have resulted in a good long trade (the settings are default but has a stop in the beginning of 2024):
You have a setting to remove zones that are pierced (broken by price wicks). The following zone is pierced by price (in the beginning of May) that will not be shown after the start of May if you have "Pierced" checked (the indicator has default settings but a stop in the middle of April):
You have a trend section. Zones that create a reaction upwards can only be created if the trend is considered to be up, and vice versa. The options here are "SMA50" (the current price needs to be over the Simple Moving Average of length 50) and "SMA50, SMA200" (price needs to be over the Simple Moving Average of length 50 and the Simple Moving Average of length 50 needs to be over the Simple Moving Average of length 200). If these conditions are met the trend is considered to be up, otherwise it's down. You can disable this by choosing "No detection".
The zones that are shown also need to be within a limit (of the current price). This limit is 10 (factor of the Average True Range if length 14) by default. Set this to 0 to deactivate. This is useful for not showing zones that are far away from current price and therefore unlikely to be interacted with.
You can stop the calculation of zones (through the "Stop" value in the settings). This is useful to see if previous zones were any good. I used it in my testing of the script but left it because it can be nice to have.
The zones created by the script have different transparency based upon the zone's interaction. The clearest zones are the ones that are unmitigated, the second clearest ones are the ones having a retest and lastly the zones which are most unclear are the ones having a break and then a retest.
You can see the concept of this script to be a mix of supply/demand and support/resistance, having zones being unmitigated (untouched) as the most important but also show the zones having an interaction (in the form of a retest or a break and retest).
This is from a previous supply (or resistance) zone that has flipped into demand (or support) and has shown to be a good zone through a retest followed by a rally (default settings):
This zone has multiple retest and then rallies that could have given a good long trades (it has the default settings but a "Stop" time at 2022-01-14):
TODO:
- Create zones based on pivots
- Handle overlapping zones
- Incorporate volume in the creation and/or interaction with zones
- Add alerts
- Add ability to set maximum zone width
- Add ability to set the maximum number of retest bars
- ...?
The example for this publication has the default settings bit a "Stop" and a tighter "Limit" of 4.
I hope this explanation makes sense, let me know otherwise. Also let me know if you have any suggestions on improvements.
Best of trading luck!
Advanced Supply and Demand Indicator# Advanced Supply and Demand Indicator
This Pine Script™ indicator helps traders identify potential supply and demand zones in financial markets. It uses price action, volume, and historical data to plot these zones on your chart, providing valuable insights for trading decisions.
## Key Features:
- Automatically detects and plots supply and demand zones
- Customizable lookback period for zone identification
- Adjustable strength multiplier for more precise zone detection
- User-defined opacity for visual clarity
- Combines price action and volume analysis for improved accuracy
## How It Works:
1. Identifies significant price levels using a specified lookback period
2. Analyzes volume data to confirm potential supply and demand zones
3. Plots supply zones in red and demand zones in green
4. Displays the current price for easy reference
## Customization Options:
- Lookback Period: Adjust the historical data range (1-100 bars)
- Zone Strength Multiplier: Fine-tune the sensitivity of zone detection (1.0-3.0)
- Zone Opacity: Set the transparency of plotted zones (10-100%)
This indicator is designed to help traders identify potential areas of support and resistance, allowing for more informed entry and exit decisions in their trading strategies.
