This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified. Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
Hello Traders, If you trade Forex and Indices this indicator will help you identify Buying and Selling levels that Banks are interested in. These levels are displayed on all time frames. Colors of the lines can be customized. I also added code to show two EMA's, just uncomment the code to show them. :-) How to use this indicator. Show Bank Zones - this...
Given the positive feedback received on the first Dynamic Support/Resistance script, I've decided to rewrite it on Pine Script v5 and publish it with open source code. The main Divina area (box) is derived from change in price and volume, while the other support and resistance levels are based on the golden ratio (Divina proportione) or Fibonacci numbers. The...
The Peak Activity Levels indicator displays support and resistance levels from prices accompanied by significant volume. The indicator includes a histogram returning the frequency of closing prices falling between two parallel levels, each bin shows the number of bullish candles within the levels. 1. Settings Length: Lookback for the detection of volume...
Alchemist Capital Lazy Zones is a script written to complement the trading style taught by @clover_trading - Chris teaches a zone to zone strategy and this script aids in the technical analysis relating to this. This indicator has been tested and coded with Forex pairs in mind, as such its functionality and usefulness on other assets cannot be guaranteed. The...
A simple script that allows you to plot 8 different zones of support and resistance. Enter the high and low of a support/resistance zone, and the script will fill the range for easier viewing. Open source and all settings can be customized.
THE E8- BANK ZONES will highlight the most accurate zones the market has to offer. SETTINGS: Remove uncheck CHARS - this feature simply places a star on high momentum candles to help identify strong momentum bullish and bearish candles. INPUT: You have the ability to choose which zones to display. Our recommendation is to activate continuation zones ...
1. This Indicator is used to identify the short-term and longer-term Support/Resistance levels. 2. Please try to keep base inputs as provided though it gives you the opportunity to change ticket price source and length as per your convenience. 3. With default settings: a. The thick Red line is identified as Longer timeframe support b. The thin Red line...
This is a new take on Traditional Pivot Points. By modifying the calculations, we were able to create "pivot zones" with a decent degree of accuracy.
Script dedicated for Dax and listing all zones manually chosen and defined based on Dax observation. Script also allows to define offset that automatically recalculates zones, as original levels are valid for Futures Dax Contract. Levels of 14k and 13k are covered. Enjoy!
Key Levels Backtest, same logic as the key levels script, provide levels based: High, Low, Mid and Close. This was requested, took a long time to post as I fell sick and was given a lot of Dev Work. Hope this helps those who use it, very useful to see liquidity grabs in my opinion. Input time in minutes! Result of a user request.
What is the Impact Zone system: The creation of Impact Zones started with our love for trading the Bond Market. Impact Zones were originally specifically tailored for the Bond market and now have been mastered to capture most of the Asset Classes out in the market today (Please look at Impact Zone Settings section for asset classes covered by this script). The...
This is a template for daytraders, swing traders, supply and demand traders, and even swing traders. As traders we are always scanning charts for levels and zones. This template makes it easy and convenient to find, change, and chart levels. As a daytrader, I will use this daily. I always have daily and weekly targets in mind. This will ensure I don't lose track...
This is my Simple Project to make me confidence to take an entry I always use it in H1 Chart Add other Indicator like Multi Timeframe EMA Length 9 on 1 Day Period Just set the sell limit or buy limit to the Lovely candle Zone that touch the EMA 9. Set RR to 1:3 minimum. don't forget to set BEP.
PLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE MyAlgo Tool. Saves you and me some time in emails and messages. :) This is the official version of MyAlgo ZULU ZONES PLEASE UNDERSTAND THAT THIS IS A DIFFERENT AND SEPARATE PRODUCT AND SCRIPT FROM "MyAlgo SLIM" FROM THE MyAlgo TRADING TOOL SERIES Description ZULU Zones is a rework of a long-gone...
Key levels, plotted automatically Additional timeframes can be added on request Useful for seeing strength of the trend in the market
Script is showing potential reversal zones on chart, based on calculations of High/Low of selected period, smoothing it with selected type of Moving Average and applying Standard Deviation. Preferred to be used for contrarian traders. Another alternative usage would be to lock profit from open positions as this is very often early warning before reversal...
Magnetic Zones v1.1 Beta This is one of the most powerful and effective indicator which I personally use for Intraday. It works well for trending stocks and trending days. What are the Zones? The zones are basically Retracement and Reversal Zones. The price will take a halt at this zones. So it will be easy to take an entry. How to use? Labels: ...