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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!
Pine Script™ indicator
by paradoxalgo
5
Key Levels SetKey Levels Set allows to set key levels as comma separated values, and to detect breaks to the downside and/or upside, taking into account potential gaps between bars. This indicator can be very handy if you, like me, rely on some key levels that you identified as potential support/resistance from some technical analysis. Features + It allows for key levels to be set as comma separated values. + It draws key levels on chart. + On close, it identifies highest key level that has been broken to the upside, if any. + On close, it identifies lowest key level that has been broken to the downside, if any. + In Cross mode, as bar is printing, it also detects highest/lowest key levels being broken to the upside/downside between bar high and low, if any. + It plots and labels breaks with current level and next level information. + It includes alerts from breaks on close. + It includes turn on/off functionality. Settings + {Prices} checkbox: turns on/off entire functionality + {Prices} text field: comma separated values for key levels + {Breaks on} checkbox: turns on/off breaks detection functionality + {Breaks on} options: selects Close or Cross mode
Pine Script™ indicator
by ZeroHeroTrading
2
OrderBlock [kyleAlgo]The principle of this indicator ATR (Average True Range) Setting: The code uses ATR to help calculate the Supertrend indicator. Supertrend Trend Direction: Identify bullish and bearish trends with the Supertrend method. Order Block Recognition: This part of the code recognizes and creates order blocks, visualizing them as boxes on the chart. If the number of blocks exceeds the maximum limit, old blocks will be deleted. Function to prevent overlapping: check whether the new order block overlaps with the existing order block through the isOverlapping function. Order block color setting: The code sets the color according to whether the block is bullish or bearish, and whether it breaks above or below. Afterwards the color of the existing order blocks will be updated. Sensitivity settings: Through the input settings of factor and atrPeriod, the sensitivity of Supertrend and the detection of order blocks can be affected. Visualization: Use TradingView's box.new function to draw and visualize order blocks on the chart. Practicality: Support and Resistance Levels: Order blocks may represent areas of support and resistance in the market. By visualizing these areas, traders can better understand when price reversals are likely to occur. Trading Signals: Traders may be able to identify trading signals based on the color changes of blocks and price breakouts. For example, if the price breaks above a bullish block, this could be a signal to buy. Risk Management: By using ATR to adjust the sensitivity of Supertrend, the symbol helps traders to adjust their strategies according to market volatility. This can be used as a risk management tool to help identify stop loss and take profit points. Multi-timeframe analysis: Although the code itself does not implement multi-timeframe analysis directly, it can be done by applying this indicator on different timeframes. This helps to analyze the market from different angles. Flexibility and Customization: Through sensitivity settings, traders can customize the indicator according to their needs and trading style. Reduced screen clutter: By removing overlapping order blocks and limiting the maximum number of order blocks, this code helps reduce clutter on charts, allowing traders to analyze the market more clearly. Overall, this "Pine Script" can be a powerful analytical tool for trend traders and those looking to improve their trading decisions by visualizing key market areas. It can be used alone or combined with other indicators and trading systems for enhanced functionality.
Pine Script™ indicator
by kylealgo
2
Support and Resistance Backtester [SS]Hey everyone, Excited to release this indicator I have been working on. I conceptualized it as an idea a while ago and had to nail down the execution part of it. I think I got it to where I am happy with it, so let me tell you about it! What it does? This provides the user with the ability to quantify support and resistance levels. There are plenty of back-test strategies for RSI, stochastics, MFI, any type of technical based indicator. However, in terms of day traders and many swing traders, many of the day traders I know personally do not use or rely on things like RSI, stochastics or MFI. They actually just play the support and resistance levels without attention to anything else. However, there are no tools available to these people who want to, in a way, objectively test their identified support and resistance levels. For me personally, I use support and resistance levels that are mathematically calculated and I am always curious to see which levels: a) Have the most touches, b) Have provided the most support, c) Have provided the most resistance; and, d) Are most effective as support/resistance. And, well, this indicator answers all four of those questions for you! It also attempts to provide some way to support and resistance traders to quantify their levels and back-test the reliability and efficacy of those levels. How to use: So this indicator provides a lot of functionality and I think its important to break it down part by part. We can do this as we go over the explanation of how to use it. Here is the step by step guide of how to use it, which will also provide you an opportunity to see the options and functionality. Step 1: Input your support and resistance levels: When we open up the settings menu, we will see the section called "Support and Resistance Levels". Here, you have the ability to input up to 5 support and resistance levels. If you have less, no problem, simply leave the S/R level as 0 and the indicator will automatically omit this from the chart and data inclusion. Step 2: Identify your threshold value: The threshold parameter extends the range of your support and resistance level by a desired amount. The value you input here should be the value in which you would likely stop out of your position. So, if you are willing to let the stock travel $1 past your support and resistance level, input $1 into this variable. This will extend the range for the assessment and permit the stock to travel +/- your threshold amount before it counts it as a fail or pass. Step 3: Select your source: The source will tell the indicator what you want to assess. If you want to assess close, it will look at where the ticker closes in relation to your support and resistance levels. If you want to see how the highs and lows behave around the S/R levels, then change the source to High or Low. It is recommended to leave at close for optimal results and reliability however. Step 4: Determine your lookback length: The lookback length will be the number of candles you want the indicator to lookback to assess the support and resistance level. This is key to get your backtest results. The recommendation is on timeframes 1 hour or less, to look back 300 candles. On the daily, 500 candles is recommended. Step 5: Plot your levels You will see you have various plot settings available to you. The default settings are to plot your support and resistance levels with labels. This will look as follows: This will plot your basic support and resistance levels for you, so you do not have to manually plot them. However, if you want to extend the plotted support and resistance level to visually match your threshold values, you can select the "Plot Threshold Limits" option. This will extend your support and resistance areas to match the designated threshold limits. In this case on MSFT, I have the threshold limit set at $1. When I select "Plot Threshold Limits", this is the result: Plotting Passes and Fails: You will notice at the bottom of the settings menu is an option to plot passes and plot fails. This will identify, via a label overlaid on the chart, where the support and resistance failures and passes resulted. I recommend only selecting one at a time as the screen can get kind of crowded with both on. here is an example on the MSFT chart: And on the larger timeframe: The chart The chart displays all of the results and counts of your support and resistance results. Some things to pay attention to use the chart are: a) The general success rate as support vs resistance Rationale: Support levels may act as resistance more often than they do support or vice versa. Let's take a look at MSFT as an example: The chart above shows the 334.07 level has acted as very strong support. It has been successful as support almost 82% of the time. However, as resistance, it has only been successful 33% of the time. So we could say that 334 is a strong key support level and an area we would be comfortable longing at. b) The number of touches: Above you will see the number of touches pointed out by the blue arrow. Rationale: The number of touches differs from support and resistance. It counts how many times and how frequently a ticker approaches your support and/or resistance area and the duration of time spent in that area. Whereas support and resistance is determined by a candle being either above or below a s/r area, then approaching that area and then either failing or bouncing up/down, the number of touches simply assesses the time spent (in candles) around a support or resistance level. This is key to help you identify if a level has frequent touches/consolidation vs other levels and can help you filter out s/r levels that may not have a lot of touches or are infrequently touched. Closing comments: So this is pretty much the indicator in a nutshell. Hopefully you find it helpful and useful and enjoy it. As always let me know your questions/comments and suggestions below. As always I appreciate all of you who check out, try out and read about my indicators and ideas. I wish you all the safest trades and good luck!
Pine Script™ indicator
by Steversteves
12
Manual PnL (Profit and Loss) % Tracker - spot long only This is a manual profit and loss tracker. It takes the user's manual input of total cost and quantity, and then outputs a table on the bottom right of the chart showing the profit or loss %, average purchase price, gross profit or loss, and market value. Instructions: 1. Double click the indicator title at the top left of the chart 2. Select the "Inputs" tab and click the empty field next to "Symbol" to enter the traded symbol+exchange. This entry MUST be the same as the chart you are on, for example BTCUSDT/BINANCE (indicator will not display otherwise) 3. Enter the Total Cost and Qty of shares/coins owned 4. Optional - change positive or negative colors 5. Optional - under the "Style" tab, change the color of the average price (AVG) line Note that for the average price (AVG) line to be shown/hidden you must enable/disable "Indicator and financials labels" in the scales settings. For crypto or other tickers that have prices in many decimal places I would suggest, for the sake of accuracy, adjusting the decimal places in the code so that for prices under $1 you will display more info. For example let's say you purchase x number of crypto at a price of 0.031558 you should change the code displaying "0.00" on line 44 to "0.000000" This will ensure that the output table and plotted line will calculate an average price with the same number of decimals.
Pine Script™ indicator
by dreamalittle
5
Fibonacci Ratios with Volatility(Weekly Time Frame.)Script is based on weekly time Frame. Fib ratios are drawn at the Open of the Market. Open price is compared with Previous week High , low and close. If weekly open is above Previous week high or low, Fib 0 % is plotted above High or the low as the case may be . If weekly open is between previous week high and low Fib 0% is equal to previous week Close and other fib ratios are plotted accordingly. As its vol based, works fantastically. This script is inspired by Fibonacci and Volatility script by PB GHOSH.
Pine Script™ indicator
by DoctorDee75
2
Lune Market Analysis Premium- Version 0.9 - Lune Algo was developed and built by Lune Trading, utilizing years of their trading expertise. This indicator works on all stocks, cryptos, indices, forex, futures , currencies, ETF's, energy and commodities. All the tools and features you need to assist you on your trading journey. Best of all, Lune Algo is easy to use and many of our tools and strategies have been thoroughly backtested thousands of times to ensure that users have the best experience possible. Overview Trade Dashboard—Provides information about the current market conditions, Such as if the market is trending up or down, how much volatility is in the market and even displays information about the current signal. Trade Statistics—This tool gives you a breakdown of the Statistics of the current selected strategy based on backtests. It tells you the percentage of how often a Take Profit or Stop Loss was hit within a specific time period. Risk and Trade management is very important in trading, and can be the difference between a winning and losing strategy. So we believe that this was mandatory. Current Features: Advanced Buy and Sell Signals Exclusive built-in Strategies Lune Confidence AI EK Clouds Reversal Bands Vray (Volume Ray) Divergence Signals Reversal Signals Support/Resistance Zones Built-in Themes Built-in Risk Management system (take profit/stop loss) Trade Statistics Trade Assistance Trade Dashboard Advanced Settings + More coming soon, Big plans! Features Breakdown: Lune Confirmation—Used to help you confirm your trades and trend direction. It uses unique calculations, and its settings can be adjusted to allow traders to adapt the settings to fit their trading style. Lune Confidence AI—All strategies are equipped with our exclusive built-in Confidence AI. This feature tells you how much confluence there is in a trade. It uses a rating system where signals are given a number from 0 to 5. A rating of 0 indicates that there is not a lot of confluence or confidence in the signal, while a rating of 5 indicates that there is a lot of confidence in the trade. This feature is not perfect and will be improved overtime. Support/Resistance Zones—Calculates the most important support/resistance levels based on how many times a level has been used as support or resistance. Traders also refer to these as supply and demand zones and key levels. EK Clouds—Used to further help you confirm trend and was optimized to also be used as support and resistance. This feature is powered by custom moving averages. Reversal Bands—An optimized and improved version of the infamous Bollinger Bands. When price action takes place within the Reversal Bands it usually indicates that the current symbol is overextended and a reversal is possible. Vray—Also Known as "Volume Ray", Assists you in better visualizing volume. This helps you find key levels and areas of support that you wouldn't be able to see otherwise. It helps you trade like the institutions. This indicator's signals DO NOT REPAINT. If you are using this script you acknowledge past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
Pine Script™ indicator
by LuneTrading
110
MTF High and Low FractionsMTF High and Low Fractions Description An experimental script that prints 1/3, 1/4 and 1/8 levels of the previous timeframe's high and low to the current timeframe. The idea is quite simple. It mirrors the the previous high and low with user selected levels. The default setting is the previous daily high and low but can be customized on user discretion. New levels are printed after the close of the previous timeframe and open of the new timeframe (user's timeframe setting). How To Use Levels should not be used blindly. Levels can be used as confluence when aligned with high probability supply and demand zones, support, resistance, order blocks, and so on.
Pine Script™ indicator
by geneclash
1
ProWaves - [Soldi]ProWaves Introducing the latest and greatest tool in the DynaPro Trading Tools! ProWaves is a multi timeframe precision trend tool to help traders identify the waves of the market and trade the convergence, exhaustion points, continuation points of multiple timeframes. By default you will have a 15m, 1h and 2h Wave on your indicator - this is completely customizable by the user! You can choose up to 3 higher timeframes to display the underlaying wave trend. How Do I Enter Trades? To bring ProWaves into a full trading system someone could easily use we have to make a trade trigger system for potential entries - an original and unique Trend Bar system to easily signal a trader that there is an entry present. These trend bars use 2 sensitive weighted moving averages based off the HL2 of the candle, we offset them to create a ribbon like effect to help eliminate any false signals Include this in your own trading strategy or compile it with DynaPro's other institutional caliber tools! To use ProWaves effectively you will want to understand wave theory first This indicator is based off the idea of Elliot wave and fractal cycles of the market, to really understand what this indicator is reading you will need to understand what Elliot Wave is along with fractal cycles in the markets. What Are The Waves Based On The waves are primarily a Correlation function to make an oscillated value of "trend", by doing so and measuring this across multiple timeframes we are able to gain a sense of clarity on the tops and bottoms of the markets as well as the trends that take place in between! NOTE When the Waves are above/below - 0.5/-0.5 then the wave is in an area of significance for either a reversal or to influence a trend - couple this with the precision of the Trend Bars system then you have a great trading system!
Pine Script™ indicator
by MyFundedFX
2
SIVE 2.0 - [Soldi]SIVE 2.0 IS FINALLY HERE, after the long awaited update we are finally able to bring to you SIVE 2.0! SIVE 1.0 (Systematic Institutional Volatility Expansion) brought a whole new approach to the algorithm and retail trading game on TradingView. Never before have you had access to a quantitative institutional approach like this, after years in development and testing we finally brought SIVE 1.0 to market. With very very high demand, support and so much positive feedback we knew that what we've created really hit the mark for so many traders! What is SIVE? SIVE as stated above stands for, Systematic Institutional Volatility Expansion. What this means is we have a highly effective system that reads what institutional algorithms are proven to be looking at. While only providing alerts during periods where Volatility is Expanding We don't shy away from volatility here, that is where the bread and butter lays. volatility is a double edged sword that not many people know how to effectively use to their advantage. Simply put, because they are told in their retail trading that volatility is risky, and that you should stay away from volatile products. I say embrace it with the right tools. What Has Changed? At the core, SIVE 2.0 brings more efficient calculations to the volatility modelling as well as the triggering of trades! Trend Scalper - This is a sub-set strategy we have included, what it measures is 'Super Trend' with a deviation of 7 and the MTI ribbon crosses. This is to be used as a way to scalp and trade the momentum of the market. I am aware that another brand/community has put this out as a paid feature to their algorithm. Since they didn't want to credit me for my contribution I decided to release it for free and also add it here. This is listed in my scripts as a free to use access. Volatility Confluence - We have now also added a feature where you can choose how many volatility models you want to be aligned before SIVE calls an alert. There are a total of 9 models we have included, example. You choose 3 'Volatility Confluence', this means that SIVE will only call alerts when 3 of those 9 models agree. This can be very effective if you want to have more refined volatility trades, giving you more confidence that an expansion will take place. Low Volatility Flashes - You now have the ability to control the low volatility back ground flash feature that was included with SIVE 1.0 Volatility Candles - You can now plot the volatility strength as candles! before you weren't able to see the actual underlaying volatility . Till now, turn this on and watch it turn you candles into a colourful array of the rainbow based on the volatility . Note - You will either need to *bring to front* or turn off the price data to see it Take Profit System (beta) - Before on SIVE 1.0 and in the beta versions we had an early version of the money management. Where based on the ATR on the trade it would give you a suggested Stop Loss and Take Profit area. Now we have completely over hauled that and re calculated how we approach this also giving the trader 2 different options to choose from for suggested Stop Loss placement. We also included a 'Dynamic Take Profit' system that's based on the MTI to give you momentum based Take Profits. These are still in beta stages so any feedback is much appreciated and as always will be reviewed and considered. RSI bands - Reverse plot the RSI onto your chart. Plot the over sold and over Bought static lines to price! Moving Average Filter ( Multi Time Frame ) - Introducing a way further refine the trade alerts and give more power into the traders hands. We know that many many traders like to only trade if example. price is Greater Than 200 EMA. We wanted to give traders a choice to refine the trade alerts based on this information. You can choose between 'Price vs MA' - which is explained in that example just provided. The other option is 'MA vs MA', this allows you to filter out trades based on if a Moving Average of your choice(MA1) is Greater than MA2. With all this we also provided Multi Time Frame accessibility to just further give the trader more control and range. You also have the ability to just plot the Moving averages and not filter the trades at all! Kill Zone / Time Sessions - Including another free script that has already been posted to my account. This script is also unique as it plots the specified time zones 24 hours in advanced . If you trade example. 'New York Session', Instead of using an indicator that only shows you after the fact it happens. You can now plot that time zone 24 Hours in advanced and watch how price trades to it and interacts with it. It has 4 completely customizable Time Zone slots. Please adjust to your time zone and desired sessions. Here are some examples of SIVE working across various charts with the different features USDCAD - 1 Hour Take Profit System XAUUSD ( Gold ) - 15 min Trend Scalper System US30(Dow Jones) - 15 min Volatility Candles + Low Volatility Flashes BTCUSD ( Bitcoin ) - 1 hour Support / Resistance + Dashboard + Multi Time Frame MTI USOIL (WTI Crude Oil ) - 5m Kill Zones + Moving Average Filter APPL( Apple ) - 1 hour Moving Average Filter
Pine Script™ indicator
by MyFundedFX
3
SIVE 1.0 [Soldi]SIVE 1.0 What is SIVE? SIVE stands for Systematic Institutional Volatility Expansion, SIVE uses a variety of different statistical indicators to gauge volatility along with trend correlation and other measures to filter and define a price move. This system was originally set out to redefine what a 'Trend Following System' could be; we achieved more than just that. We had created what is considered to be one of the first retail quantitative trading system, that incorporates trend following mechanics as well as trend reversal techniques. All while being aligned/correlated to trend and volatility . Something truly powerful to put into the hands of the every day trader, demystifying what quant trading can be while easily presenting it in a way where even your mom could learn how to use the system without being overwhelmed. What makes this different from any other trading system? SIVE raises the bar on what traditional indicators and trading systems can do, traditionally you have lagging indicators that only tell you what happened in the past with no correlation to the market or what can happen in the future. Really providing little to no statistical value, yet completely idolized by the retail world. Where SIVE exceeds these systems is all in the math and the application of those formulas to the time/price, finding the synchronicities to exploit for profits as well as exploiting the high probabilities of non-random events. How we do it? well that's in the secret crabby patty formula. Where we are now, and where we plan to go SIVE as it stands right now is the very first iteration of the retail quantitative trading system, it is performing exceptionally well but we aren't take that as our standard as we want to always raise the bar. as it stands, we are already working on the updates to come that will dwarf anything we've done in the past. Our goal with SIVE is to be able to provide an easy to learn and easy to profit trading system that will provide the retail public with a trust worthy system to use. In the future our updates will carry heavier weight on key aspects like Risk to Reward, Win rates and capturing those big parabolic movements that everyone dreams of. Far fetched? for the traditional indicator junkies, but for a Quant it is just a matter of time. What does it perform best on? Simply put, yes... We set out to create this to be used for any trading instrument and any timeframe. Intraday timeframes have been shown to give more trades and typically higher reward trades as your able to execute with a high degree of accuracy 1:2 is very modest and can easily be achieved but we have also seen so so many trades run higher than 1:10 and even 1:20!! but as you already may know the market doesn't always give those favorable conditions to trade that high of a Risk to Reward all the time. Stocks, Crypto, Forex, Metals, Energies, Indices, etc. are all tradeable with SIVE
Pine Script™ indicator
by MyFundedFX
2
Directional Volatility Index (DVI) - SoldiDirectional Volatility Oscillator What the DVI does is it measure 9 different volatility models based on their directional correlation and then scores that. While it calculated the volatility it also measures and scores 5 different indicators to find the likeliness of a retail position. That way the Oscillated value being plotted is that of an accurate modelled nature. This indicator aims to measure and score the directional volatility across the 9 different volatility models and then plots it as an oscillator. Included in that calculation is a measure of the likeliness of a retail traders position. This can be used to gauge liquidity sweeps in a strategy like Smart Money Concepts. As, all the retail money is long - expect a sweep of the lows or equal highs. etc. more so you can also use this as a market meter like RSI , if the market is Over bought or Over sold, the DVI value will be over 100 or under -100 - or this tool can be used to gauge the underlaying trend! Examples Here is an example on BTCUSD - 1d - as you can see there is significant trend when the DVI is crossed Here is that same example on BTCUSD - 1d zoomed into 4h - as you can see there is significant trend when the DVI is crossed
Pine Script™ indicator
by MyFundedFX
Log OscillatorThe Log Oscillator measures the mean of logarithmic returns, given this data you can assume market expectancy in returns of the mean. When seeing positive Means you can assume positive returns will follow positive returns if positive autocorrelation is present. Vice versa for the other event of negative returns. How you can effectively use this indicator and oscillator is by looking at a higher time frame and if the oscillator is positive, you can go to a lower timeframe and try to trade in that direction of the market as the expected returns are positive in nature. You can also spot trend divergences very well as the trend continues but the returns are dropping that means the returns are mean reverting and can have a potential to flip to the other side
Pine Script™ indicator
by MyFundedFX
Advanced Time SessionsIntroducing Advanced Time Sessions , this tool uses a 24 hour look ahead plot - this is to help inform the trader about not just the current session but the next one coming up. Now traders, at a quick glance can see what session they trading in, how much time till the sessions close, what is the next session, and when the daily market close is! Main features of the tool include daily dividers, day labels and kill zone highlighters. This tool is a day traders dream to have this subtle and stylish data at a glance letting you focus on more strategically placing your trades based around time and price! EURUSD - 15m EURUSD - 5m Smart Money Concepts used with Advanced Time Sessions
Pine Script™ indicator
by MyFundedFX
1
Jimmy's Dikfat DaytraderThis Day Trading Indicator applies the use of multiple techniques designed to maximize profits and trade success probability while utilizing proprietary mathematical techniques to calculate specific high probability Pivot Points, Break of Structure, Supply and Demand, previous days High and Low, Liquidity Hunts, Dynamic Trend Lines and Fibonacci Discount Zones. The combination of these techniques combined with unique mathematical calculation & variance allow the user to make an informed analysis to take high probability trades by exposing Market Maker discount zones and highlight smart money purchasing. Pivot Points: A traditional pivot point is described as an individual candle high that is higher than the previous two candles to the left and forward two candles to the right. Likewise a pivot is also an individual candle low that is lower than the previous two candles to the left and forward two candles to the right. In this indicator standard pivots are highlighted as yellow and white candles. Yellow candles are High or Top Pivots; White Candles are Low or Bottom Pivots. The number of pivots checked for either left or right or both can be changed in the settings. Increasing this value will add more pivot points to the chart, decreasing this value will add less. It is recommended to change values left and right with the same number. Note: In this study, all traditional pivots will be highlighted by yellow or white for the advanced user, but not all pivot markers will highlight all pivots for the purposes of identifying a high probability trade. Break of Structure: Break of structure occurs when current price drops below or likewise rises above a pivot point. For the purposes of this study, a break of structure tag will appear over a previous pivot tag ONLY when there is a candle close below or above the previous pivot for the purposes of identifying liquidity hunts and high probability trades. As you will note in the example chart, break of structure is used to determine not only trend but high probability trade areas by identifying market structure. Unbroken pivot highs or lows can be used to take trades, with a stop below the low (or above the high) of the unbroken pivot candle. BOS (Break of Structure) Tags will effectively show where market participants do not want to take a trade and be chopped up in a market that is trending only 30% of the time. BOS also gives future indication of where the Market Makers are taking price action. Breaks of structure in a particular direction typically indicate a continuation of price action in that direction. Trade opportunities occur after the pullback in the opposite direction of break of structure. This highlights areas traders can take on the pullback, in the direction of structure breaks, typically on unbroken pivots. Note: In this study, not all BOS (Break of Structure) markers will highlight all breaks of structure for the purposes of identifying a high probability trade. Some very few examples of structure is not marked as broken to assist in identifying Liquidity Hunts. Liquidity Hunt: A Liquidity Hunt is where price action moves in the opposite direction of an intended move (typically with high magnitude and velocity) to gather "Liquidity" and trigger stops created by traders caught in the break of structure zone. Any unbroken pivot is a relevant area of Liquidity. Some of the High probability areas of Liquidity will be found at Equal (or near equal) Lows or Equal High pivots. Current areas of Liquidity are marked on the chart as an Aqua (Light Blue) Background line that extends right infinitely. Once Liquidity has been taken at one of these lines, the Line will "Break" And stop displaying forward. The number of pivots calculated specifically for break of structure and Liquidity Hunts can be changed under the Liquidity Hunt setting. Much like with pivots, it is recommended to change these numbers with the same value for best results. Due to the complexity of the math, Some liquidity pivots will only confirm and display a pivot tag after twice the candles defined have been found to the left and right under liquidity hunt settings, and some will display after the exact number specified in settings. As noted previous some will not display at all due to the high probability nature of this indicator and having been found as a "cluster" in the Supply and Demand Boxes. Supply and Demand Boxes: Supply and Demand boxes will be created when a specific number of pivots are found in succession or in a "cluster" and a box will be drawn from the current grouping of pivots, first pivot high to the nearest pivot low in the cluster. This unique style of supply and demand box drawing has been proven to be an effective identifier of buying and selling in the price action, or likewise support or resistance upon return to these boxes. The boxes were specifically designed to identify high probability areas of Supply and Demand and are more likely to be areas of high probability buying and selling. Supply is when price action moves into or creates an area where sellers are waiting. Demand is when price action moves into or creates an area where Buyers are waiting. When price action creates a box, the box will remain Neutral with a white color while Price action remains within the box. This box will turn Red or into a Supply Box, when price action drops below the box boundaries. The box will likewise turn Green or into a Demand Box, when price action rises above the box boundaries. Any return to a colored box from the direction it was created could be anticipated as a retracement to continue in the direction of price action indicated by the box. In the settings boxes can be extended to the current bar right to show previous areas of supply and demand, or can be left "Truncated" or in box form as a highlighter for cluster analysis. Previous Days High and Low: The previous days High and low will be displayed on the current day as a magenta line. Some traders use these lines to anticipate price action on the day compared to where price action is moving relative to the previous day. Historical Magenta lines are also the marked on a specific day, for the previous days High and low. Historical Lines can be turned off by reducing Opacity of the setting to Zero, leaving only the previous days high and low on the current day. Dynamic Trend Lines: Trend Lines will be created automatically that will connect unbroken pivots and extend right, highlighting the current trend. (Coming Soon™️) Fibonacci Discount Zone: The Fibonacci Discount Zone can be found by measuring an unbroken pivot High or Low, that breaks structure left to create a new High or Low. When structure is broken and price begins a retracement before moving back in the direction of the broken structure, the retracement is typically back into the "Discount Zone" between the 618 and 786 Fibonacci zone. This zone will be automatically plotted as a light grey box in the background of the chart. (Coming Soon™️)
Pine Script™ indicator
by Midgar-
16
Fear and Greed Intraday IndexThis script uses all of the sub-components of my 'Fear and Greed Index' which can be used on intraday timeframes. Most of the components of this script are based on the popular fear and greed index website and are briefly described in the code comments. Several of the subcomponents have been recalculated to use RSIs instead of being compared to moving averages, which means as opposed to being used a contrarian timing indicator as the daily timeframe Fear and Greed Index is, this indicator now may potentially be used more like a momentum indicator. It's up to you! Enjoy!
Pine Script™ indicator
by barnabygraham
Fear and Greed IndexI couldn't find one based on the original, so I made my own, it's not quite identical, but it does the job. Red = greed Green = fear I updated a lot of the subcomponents and fixed a bug. I've reduced the smoothing to 1, it was previously 5 if you prefer smoother signals. Also added a McClellan oscillator. I've commented out the plotting of individual sub-components, just uncomment them to see what they do. Some look like pretty useful indicators on their own. Enjoy!
Pine Script™ indicator
by barnabygraham
15
Divergence-Support/ResistenceAnother script based on zigzag, divergence, and to yield support and resistence levels. This idea started with below two concepts: ▶ Support and resistence are simply levels where price has rejected to go further down or up. Usually, we can derive this based on pivots. But, if we start looking at every pivot, there will be many of them and may be confusing to understand which one to consider. ▶ Lot of people asked about one of my previous script on divergence detector on how to use it. I believe divergence should be considered as area of support and resistence because, they only amount to temporary weakness in momentum and nothing more. As per my understanding Trend > Hidden Divergence > Divergence > Oscillator Levels of Overbought and Oversold ⬜ Process ▶ Now combining the above two concepts - what we are trying to do here is draw support resistence lines only on pivots which has observed either divergence or hidden divergence. Continuation and indecision pivots are ignored. ▶ Input requires only few parameters. Zigzag lengths and oscillator to be used. Oscillator periods are automatically calculated based on zigzag length. Hence no other information required. You can also chose custom oscillator via external source. ▶ Display include horizontal lines of support/resistence which are drawn from the candle from where divergence or hidden divergence is detected. ▶ Support resistence lines are colored based on divergence. Green shades for bullish divergence and bullish hidden divergence whereas red shades for bearish divervence and bearish hidden divergence. Please note, red and green lines does not mean they only provide resistence or support. Any lines which are below the price should be treated as support and any line which are above the price should be treated as resistence. ▶ Divergence symbols are also printed on the bar from where divergence/hidden divergence is detected. ↗ - Bullish Hidden Divergence ↘ - Bearish Hidden Divergence ⤴ - Bullish Divergence ⤵ - Bearish Divergence ▶ Script also demonstrates usage of libraries effectively. I have used following libraries in this code. import HeWhoMustNotBeNamed/ zigzag /2 as  zg  import HeWhoMustNotBeNamed/enhanced_ta/8 as eta import HeWhoMustNotBeNamed/ supertrend /4 as st Can be good combination to use it with harmonic patterns.
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Pine Script™ indicator
by Trendoscope
40