This is based on @saty_mahajan's theory of 8/48 conviction support/resistance levels. Idea is simple. On the desired time frame wait for the 8 EMA crosses 48 EMA. When you get an up arrow, draw a level at the candle high. When you get a down arrow, draw a level at the candle low. Often this levels act as support or resistance. Can be used on any timeframe. I...
█ OVERVIEW The Dynamic Fib Retracement (Golden Pocket) indicator is an advanced Fibonacci trading tool designed to enhance technical analysis and improve trading strategies. This innovative tool automatically calculates Fibonacci retracement 'Golden Pocket' levels based on the most recent swing points within a user-defined Lookback Range, which can be easily...
InvoTrading - Swing High and Low with Breakout Strategy This strategy is designed to identify trading opportunities based on swing highs and lows, combined with breakout confirmations. It utilizes pivot points to detect potential reversal levels and initiates trades when the price breaks out of these levels under specific conditions. Key Features: - Pivot...
This indicator is designed to plot horizontal lines on significant Support and Resistance based on custom user-defined lookback periods. It helps traders identify key levels of support and resistance, improving their ability to detect potential trend reversals or breakout zones. Key Features: 1. Custom Number of Support and Resistance Lines: - The script...
Code Summary: The script plots horizontal lines at .00, .25, .50, and .75 increments around the current price on the chart. It calculates these levels by taking the integer base of the price and adding the specified increments. The user can customize the color, thickness, and style (solid, dashed, dotted) for each level individually. The script plots a specified...
Overview The Shifted Lines Based on Hourly Candle indicator plots two dynamic horizontal lines on your chart, offset by a specified price amount above and below the closing price of the last completed hourly candle. These lines update every hour, providing real-time reference levels that can assist in identifying potential support and resistance zones. How the...
Overview: The Relative Volume Zone + Smart Order Flow with Dynamic S/R indicator is designed to help traders identify key trading opportunities by combining multiple technical components. This script integrates relative volume analysis, order flow detection, VWAP, RSI filtering, and dynamic support and resistance levels to offer a comprehensive view of the market...
STRX - Automatic Fibo The STRX - Automatic Fibo is a powerful and intuitive tool that automatically calculates and plots Fibonacci levels directly on the chart, helping traders precisely identify key support and resistance zones. This indicator is ideal for those who want to optimize their trading decisions using the well-known Fibonacci strategy without the need...
The Harmonic SNR indicator identifies key price levels (pivots) based on harmonic swings and highlights these levels as potential support and resistance zones. It works by analyzing price swings on two different timeframes simultaneously and compares the resulting pivot points to find matching levels between the timeframes. Once the matching levels are...
The 3 Candle EG Zone indicator identifies engulfing patterns and plots dynamic boxes around these zones. The engulfing patterns are key reversal signals where one candle's body completely engulfs the body of the previous candle, indicating a shift in market sentiment. This indicator identifies both bullish and bearish engulfing patterns and draws visual boxes...
Script Introduction: I have spent a long time searching for the perfect supply and demand zone indicator, but most of the ones I found were based on lines instead of proper zones, which didn’t quite meet my needs. After much trial and error, I decided to build my own indicator that generates clear and reliable supply and demand zones based on price swings and...
SMCL Indicator - Detailed Functionality The SMCL (Structure Market Change Levels) indicator is designed to help traders visually detect and analyze changes in market structure. It focuses on identifying key pivot points and possible trend reversals by marking Change of Character (CHoCH) signals and calculating important levels like Premium and Discount zones. Key...
INTRODUCTION Institutional demand and supply zones are key areas on a price chart where large institutional traders, such as banks and hedge funds, place significant buy or sell orders. These zones often act as strong support or resistance levels due to the substantial volume of trades executed by institutions. There are various ways to identify these areas of...
The SMC Orderblocks Indicator is designed to detect institutional orderblocks by focusing on price action and pattern detection, with a strong emphasis on identifying liquidity grabs. This tool helps traders pinpoint areas where significant institutional trades are likely to occur by assuming the presence of orderblocks based on observed market behavior. Unlike...
= with Alerts (TSO) =========================================================================== =========================================================================== This Opening Range/pre-Market breakout screener lets you monitor up to 10 symbols/instruments simultaneously (9 plus the one currently displayed on the chart). It provides alerts when the...
Volume-Weighted Support and Resistance with Projections (VW-SRP) Overview This TradingView PineScript indicator, "Volume-Weighted Support and Resistance with Projections" (VW-SRP), identifies key support and resistance levels based on volume-weighted average price (VWAP), short-term highs and lows, and projects future levels using standard deviation. It also...
1. Purpose: This indicator visualizes higher timeframe data on lower timeframe charts, facilitating multi-timeframe analysis. It recreates and extends the functionality of the MQL indicator of the same name in PineScript. 2. Key Features: a. Higher Timeframe Candle Display: - Displays monthly data by default, but users can select any timeframe. ...
The "Market Structure Break Targets " indicator is designed to identify and visualize key market structure points such as Market Structure Breaks (MSBs) and Break of Structures (BoS). These points are crucial for understanding market trends and potential reversal zones. By plotting these structures on the chart, traders can easily spot significant support and...