Previous Day High and Low//@version=6
indicator("Previous Day High and Low", overlay=true)
// Proměnné pro předchozí denní high a low
var float prevHigh = na
var float prevLow = na
// Uložení referencí na linie pro odstranění starších čar
var line highLine = na
var line lowLine = na
// Zjištění předchozího denního high a low
if (dayofweek != dayofweek )
// Odstranění starých čar, pokud existují
if (na(highLine) == false)
line.delete(highLine)
if (na(lowLine) == false)
line.delete(lowLine)
// Nastavení nových hodnot pro high a low
prevHigh := high
prevLow := low
// Vytvoření nových čar
highLine := line.new(x1=bar_index, y1=prevHigh, x2=bar_index + 1, y2=prevHigh, color=color.green, width=2, extend=extend.right)
lowLine := line.new(x1=bar_index, y1=prevLow, x2=bar_index + 1, y2=prevLow, color=color.red, width=2, extend=extend.right)
Candlestick analysis
HTF Candle Range Box (Fixed to HTF Bars)### **Higher Timeframe Candle Range Box (HTF Box Indicator)**
This indicator visually highlights the price range of the most recently closed higher-timeframe (HTF) candle, directly on a lower-timeframe chart. It dynamically adjusts based on the user-selected HTF setting (e.g., 15-minute, 1-hour) and ensures that the box is displayed only on the bars that correspond to that specific HTF candle’s duration.
For instance, if a trader is on a **1-minute chart** with the **HTF set to 15 minutes**, the indicator will draw a box spanning exactly 15 one-minute candles, corresponding to the previous 15-minute HTF candle. The box updates only when a new HTF candle completes, ensuring that it does not change mid-formation.
---
### **How It Works:**
1. **Retrieves Higher Timeframe Data**
The script uses TradingView’s `request.security` function to pull **high, low, open, and close** values from the **previously completed HTF candle** (using ` ` to avoid repainting). It also fetches the **high and low of the candle before that** (using ` `) for comparison.
2. **Determines Breakout Behavior**
It compares the **last closed HTF candle** to the **one before it** to determine whether:
- It **broke above** the previous high.
- It **broke below** the previous low.
- It **broke both** the high and low.
- It **stayed within the previous candle’s range** (no breakout).
3. **Classifies the Candle & Assigns Color**
- **Green (Bullish)**
- Closes above the previous candle’s high.
- Breaks below the previous candle’s low but closes back inside the previous range **if it opened above** the previous high.
- **Red (Bearish)**
- Closes below the previous candle’s low.
- Breaks above the previous candle’s high but closes back inside the previous range **if it opened below** the previous low.
- **Orange (Neutral/Indecisive)**
- Stays within the previous candle’s range.
- Breaks both the high and low but closes inside the previous range without a clear bias.
4. **Box Placement on the Lower Timeframe**
- The script tracks the **bar index** where each HTF candle starts on the lower timeframe (e.g., every 15 bars on a 1-minute chart if HTF = 15 minutes).
- It **only displays the box on those bars**, ensuring that the range is accurately reflected for that time period.
- The box **resets and updates** only when a new HTF candle completes.
---
### **Key Features & Advantages:**
✅ **Clear Higher Timeframe Context:**
- The indicator provides a structured way to analyze HTF price action while trading in a lower timeframe.
- It helps traders identify **HTF support and resistance zones**, potential **breakouts**, and **failed breakouts**.
✅ **Fixed Box Display (No Mid-Candle Repainting):**
- The box is drawn **only after the HTF candle closes**, avoiding misleading fluctuations.
- Unlike other indicators that update live, this one ensures the trader is looking at **confirmed data** only.
✅ **Flexible Timeframe Selection:**
- The user can set **any HTF resolution** (e.g., 5min, 15min, 1hr, 4hr), making it adaptable for different strategies.
✅ **Dynamic Color Coding for Quick Analysis:**
- The **color of the box reflects the market sentiment**, making it easier to spot trends, reversals, and fake-outs.
✅ **No Clutter – Only Applies to the Relevant Bars:**
- Instead of spanning across the whole chart, the range box is **only visible on the bars belonging to the last HTF period**, keeping the chart clean and focused.
---
### **Example Use Case:**
💡 Imagine a trader is scalping on the **1-minute chart** but wants to factor in **HTF 15-minute structure** to avoid getting caught in bad trades. With this indicator:
- They can see whether the last **15-minute candle** was bullish, bearish, or indecisive.
- If it was **bullish (green)**, they may look for **buying opportunities** at lower timeframes.
- If it was **bearish (red)**, they might anticipate **a potential pullback or continuation down**.
- If the **HTF candle failed to break out**, they know the market is **ranging**, avoiding unnecessary trades.
---
### **Final Thoughts:**
This indicator is a **powerful addition for traders who combine multiple timeframes** in their analysis. It provides a **clean and structured way to track HTF price movements** without cluttering the chart or requiring constant manual switching between timeframes. Whether used for **intraday trading, swing trading, or scalping**, it adds an extra layer of confirmation for trade entries and exits.
🔹 **Best for traders who:**
- Want **HTF structure awareness while trading lower timeframes**.
- Need **confirmation of breakouts, failed breakouts, or indecision zones**.
- Prefer a **non-repainting tool that only updates after confirmed HTF closes**.
Let me know if you want any adjustments or additional features! 🚀
Estratégia Heikin-Ashi BreakoutEstratégia Heikin Ashi, quebra de movimento. Execução de ordens após o rompimento.
Dynamic 200 EMA with Trend-Based ColoringDescription:
This script plots the 200-period Exponential Moving Average (EMA) and dynamically changes its color based on the trend direction. The script helps traders quickly identify whether the price is above or below the 200 EMA, which is widely used as a long-term trend indicator.
How It Works:
The script calculates the 200 EMA based on the closing price.
If the price is above the EMA, it suggests a bullish trend, and the EMA line turns green.
If the price is below the EMA, it suggests a bearish trend, and the EMA line turns red.
An optional background color is added to enhance visual clarity, highlighting the current trend direction.
Use Cases:
Trend Confirmation: Helps traders determine if the overall trend is bullish or bearish.
Support and Resistance: The 200 EMA is often used as dynamic support/resistance.
Entry & Exit Signals: Traders can use crossovers with the 200 EMA as potential trade signals.
This script is designed for traders looking for a simple yet effective way to incorporate trend visualization into their charts. It is fully open-source and can be customized to fit individual trading strategies.
MACD Crossover + RSI + Volume + RRR 1:2 - OptimizedMACD Crossover + RSI + Volume + RRR 1:2 - Optimized
Price & % ChangePrice & % Change (Status Line Only) - Indicator Description
This indicator calculates and displays the absolute price change (Δ) and percentage change (%) between the open and close of a selected candle. The values are shown only in the indicator list (status line) and do not appear on the chart.
Features:
✅ Displays Price Δ and % Δ in the TradingView indicator list
✅ Customizable decimal places (0-8) for both values
✅ Bar offset option to analyze previous candles
Use this tool to quickly track price movements without cluttering your chart. 🚀
Stocks Moved Less Than 1% in First 15 MinutesStocks Moved Less Than 1% in First 15 Minutes (Full Candle Movement)
Scalping Strategy with Fib, MAs, Heiken Ashi, MACDThis script is a scalping strategy indicator for TradingView that incorporates multiple technical analysis tools, including Fibonacci levels, Moving Averages (MAs), Heiken Ashi candles, and MACD to identify potential buy and sell opportunities.
Key Components:
Moving Averages (MAs)
Exponential Moving Averages (EMA) of 34, 89, 200, and 600 periods.
Used to determine the trend direction.
Heiken Ashi Candles
Smoothed candle values for trend clarity.
MACD (Moving Average Convergence Divergence)
Uses a 12-period fast, 26-period slow, and 9-period signal line.
Identifies momentum shifts via crossovers.
Fibonacci Retracement Levels
Supports 38.2%, 50%, and 61.8% retracement levels.
Helps identify key support and resistance zones.
Trading Logic:
Uptrend: Price is above all EMAs (34 > 89 > 200 > 600).
Downtrend: Price is below all EMAs.
Buy Signal:
Price is in an uptrend.
MACD line crosses above the signal line.
Close price is above 34 EMA.
Sell Signal:
Price is in a downtrend.
MACD line crosses below the signal line.
Close price is below 34 EMA.
Visual Elements:
Buy signals are plotted with green upward arrows.
Sell signals are plotted with red downward arrows.
EMA lines are color-coded for easy trend analysis.
Fibonacci retracement levels are plotted if valid.
Purpose:
Designed for short-term trading (scalping).
Helps traders identify high-probability trend-based entry and exit points.
Works well in trending markets but may require adjustments in ranging conditions.
BK Trend TraderBoris Schlossberg created a strategy using ChatGPT-4 for trading stock indices where you can learn how to code pine script with ChatGPT too! Join Boris Schlossberg as he reveal tips for integrating ChatGPT into your trading strategy in this video. Boris shows a step-by-step tutorial on how you can create the perfect prompts from ChatGPT and implement it into TradingView for a customized indicator view. Whether you're a beginner or a seasoned trader, this video is your gateway to leveraging AI for market analysis, decision-making, and significantly enhancing your trading performance.
el mio//@version=5
indicator("Mi Indicador Personalizado", overlay=true)
// Parámetros ajustables
lengthMA = input.int(50, title="Longitud Media Móvil")
lengthRSI = input.int(14, title="Longitud RSI")
overbought = input.int(70, title="Nivel de Sobrecompra")
oversold = input.int(30, title="Nivel de Sobrevendido")
volumeThreshold = input.float(1.5, title="Umbral de Volumen (Múltiplo)")
// Media Móvil Simple (SMA)
sma = ta.sma(close, lengthMA)
// RSI
rsi = ta.rsi(close, lengthRSI)
// Volumen Promedio
avgVolume = ta.sma(volume, lengthMA)
// Condiciones para señales
buySignal = close > sma and rsi < oversold and volume > avgVolume * volumeThreshold
sellSignal = close < sma and rsi > overbought and volume > avgVolume * volumeThreshold
// Dibujar señales en el gráfico
plotshape(series=buySignal, title="Compra", location=location.belowbar, color=color.green, style=shape.labelup, text="COMPRA")
plotshape(series=sellSignal, title="Venta", location=location.abovebar, color=color.red, style=shape.labeldown, text="VENTA")
// Dibujar la Media Móvil
plot(sma, title="Media Móvil", color=color.blue, linewidth=2)
// Dibujar niveles de RSI
hline(overbought, "Sobrecompra", color=color.red)
hline(oversold, "Sobrevendido", color=color.green)
Trendlines with Breaks and EMAs [LuxAlgo]This indicator, Trendlines with Breaks and EMAs , is a comprehensive tool designed for trend analysis in financial markets. Below is a detailed explanation of its features:
Key Features:
EMAs (Exponential Moving Averages):
9-Period EMA (blue line): Tracks short-term price trends.
21-Period EMA (red line): Represents medium-term price trends.
99-Period EMA (green line): Used for identifying the overall long-term trend.
Purpose:
When the shorter EMAs (9 or 21) are above the longer 99 EMA, it typically indicates an uptrend.
When they are below the 99 EMA, it often signals a downtrend.
Trendlines with Breaks:
The indicator automatically identifies swing highs and swing lows to create dynamic trendlines.
These lines are extended for further price action analysis, helping traders spot potential support and resistance levels.
Slope Calculation Methods:
20/50 EMA Crossover StrategyThis shows the buy and sell signal based on the crossover and it does not lag at all
Gong's_indicatorIt is a frame less than 15 minutes, which is an advantageous indicator for use in horizontal sections.
It is recommended to buy and sell in hedging mode because other position orders may be created while the entered position is not organized.
Since the buying/selling position winning rate is similar for a long time, it is also a good idea to proceed with the sale only in one direction while checking the big trend.
Signal labels may appear as candle finish criteria.
Even if the label does not appear, you can open the position in the green section and the red section with the purple line as a stoploss.
It is good for picking up inflection points immediately after a short period of large rise and fall.
The size of the channel gap drawn varies with the intensity of the short-term motion.
In the green area, the long position's profit-loss ratio is advantageous, and in the red area, the short position's profit-loss ratio is advantageous.
If a buy signal occurs, if the location is a green box, you can add a little more seeds or leverage.
If the three diamonds are attached together, it means that they have fallen/increased significantly in a short period of time, and the position you hold at this time will have a lower winning rate, but you can open a position with a high profit/loss ratio.
Since the stopros and target price on the label are not absolute, it is better to set them up by referring to your own trading basis.
One of the two targets is a 1:1 or higher profit or loss ratio calculated based on the distance from the stoploss.
The one thing that remains is based on a technical basis for when you reach a section where the reverse trend can come out.
Stoploss is a value that takes into account the range of stop hunting that slightly breaks the top and bottom of the box.
This indicator has a high win rate for sideways area, but if a trend occurs, the reverse trend position can remain open, which increases the likelihood of losing back-to-back.
Therefore, it is recommended that you stop entering the same position for 240 times the time of the frame you are using once the stop is signed.
When the stoploss are signed, switching in the opposite direction when touching the gray area is also a good response.
After the stoploss, if a big reverse occurred and broke right through the gray area, the additional position entry in the green/red area will mostly protect your money.
15분봉 이하의 프레임으로 횡보구간에서 사용하기 유리한 지표입니다.
진입된 포지션이 정리되지 않은 상태에서 다른 포지션 오더가 추가 생성될 수 있기 때문에 헷지모드로 매매하시는 것을 권장합니다.
긴 시간동안 매수/매도 포지션 승률이 비슷하기 때문에 큰 추세를 확인하면서 한 쪽 방향으로만 매매를 진행하시는 것도 좋은 방법입니다.
캔들 마감 기준으로 시그널 라벨이 등장할 수 있습니다.
라벨이 뜨지 않아도 보라색 선을 스탑로스로 하여 녹색 구간, 적색 구간에서 포지션 오픈이 가능합니다.
단기간 큰 상승,하락 직후 변곡지점을 잡아낼 때 쓰기 좋습니다.
단기 움직임의 강도에 따라 그려져 있는 채널 갭의 크기가 변합니다.
녹색 구간에서는 매수 손익비가 유리하고 적색 구간에서는 매도 손익비가 유리합니다.
만약, 매수 시그널이 발생한 경우 그 위치가 녹색 박스권이라면 시드나 레버리지를 조금 더 추가할 수 있습니다.
위 아래 다이아몬드 3개가 같이 붙어있는 경우에는 단기간 크게 하락/상승했다는 의미이고 이 때 잡는 포지션은 승률이 낮아지지만 높은 손익비의 포지션을 오픈할 수 있습니다.
라벨에 적혀있는 스탑로스와 목표가는 절대적이지 않기 때문에 각자의 매매근거를 참고하셔서 설정하시는 것이 더 좋은 결과를 도출할 수 있습니다.
목표가 두 가지 중 한 가지는 스탑로스와의 거리를 근거로 1:1이상의 손익비를 계산한 값입니다.
남은 한 가지는 역추세가 나올 수 있는 구간에 도달하는 경우에 대한 기술적 근거를 바탕으로 합니다.
스탑로스는 박스권 상단과 하단을 살짝 깨는 스탑헌팅 범위를 고려한 값입니다.
이 지표는 횡보 구간 승률이 높지만 추세가 발생하면 역추세 포지션이 계속 오픈될 수 있기 때문에 연달아 손실을 입을 가능성이 높아집니다.
따라서, 스탑로스가 체결되면 사용중인 프레임의 240배의 시간동안 같은 포지션 진입을 멈추시는 것이 좋습니다.
스탑로스가 체결되면 회색 영역에 닿을 때 반대 방향으로 스위칭을 하시는 것도 좋은 대응이 됩니다.
스탑로스 체결 후 되돌림이 크게 나와서 회색 영역을 바로 돌파하는 경우 라벨이 생성되지 않더라고 녹색/적색 영역에서 추가 포지션 진입을 하면 대부분 본전 이상으로 포지션을 정리할 수 있습니다.
Buy sell signals by Mahesh KolipakulaBased on the Exponential Moving Averages (EMA) with periods 5, 13, and 26: a buy signal will be generated when the 5-period EMA crosses above the 13-period and 26-period EMAs in upwards. Conversely, a sell signal will be triggered when the 5-period EMA crosses below the 13-period and 26-period EMAs in downwards.
PVSRA Trailing Strategy with Angle ConditionThis is a strategy developed based on PVSRA, more specifically on the Dragon's moving averages and angle. According to my tests, it works well on timeframes above H1 and also shows good results on m1. However, surprisingly, the results were not as good on m15, which is the standard timeframe for most people who use PVSRA. Enjoy, and good profits!
Essa é uma estratégia desenvolvida com base no PVSRA mais especificamente nas médias e no ângulo da Dragon. Pelos meus testes funciona bem em TF acima de h1 tendo também um bom resultado no m1 mas por incrível que parece o resultado não foi bom no m15 que é o TF padrão para a maioria das pessoas que usa o PVSRA. Aproveite e bons lucros.
Advanced Trend and Volatility Indicator with Alerts by ZaimonThis script presents a comprehensive analytical tool that integrates multiple technical indicators to provide a holistic view of market trends and volatility. By uniquely combining Moving Averages (MA), Relative Strength Index (RSI), Stochastic Oscillator, Bollinger Bands, and Average True Range (ATR), it offers nuanced insights into price movements and helps identify potential trading opportunities.
---
### **Key Features and Integration:**
1. **Moving Averages (MA20 & MA50):**
- **Trend Identification:**
- **Methodology:** Calculates two Simple Moving Averages—MA20 (short-term) and MA50 (long-term).
- **Bullish Trend:** When MA20 crosses above MA50, indicating upward momentum.
- **Bearish Trend:** When MA20 crosses below MA50, signaling downward momentum.
- **Golden Cross & Death Cross Alerts:**
- **Golden Cross:** MA20 crossing above MA50 generates a bullish alert and visual symbol.
- **Death Cross:** MA20 crossing below MA50 triggers a bearish alert and visual symbol.
- **Integration:**
- Serves as the foundational trend indicator, influencing interpretations of other indicators within the script.
2. **Relative Strength Index (RSI):**
- **Momentum Measurement:**
- **Methodology:** Calculates RSI to assess the speed and change of price movements over a 14-period length.
- **Overbought/Oversold Conditions:** Customizable thresholds set at 70 (overbought) and 30 (oversold).
- **Alerts:**
- Generates alerts when RSI crosses above or below the specified thresholds.
- **Integration:**
- Confirms trend strength identified by MAs.
- Overbought/Oversold signals can precede potential trend reversals, especially when aligned with MA crossovers.
3. **Stochastic Oscillator:**
- **Momentum and Reversal Signals:**
- **Methodology:** Uses %K and %D lines to evaluate price momentum relative to high-low range over recent periods.
- **Bullish Signal:** %K crossing above %D in oversold territory (below 20).
- **Bearish Signal:** %K crossing below %D in overbought territory (above 80).
- **Alerts:**
- Provides alerts on bullish and bearish crossovers in extreme regions.
- **Integration:**
- Enhances RSI signals by providing additional momentum confirmation.
- When both RSI and Stochastic indicate overbought/oversold conditions, it strengthens the likelihood of a reversal.
4. **Bollinger Bands:**
- **Volatility Visualization:**
- **Methodology:** Plots upper and lower bands based on standard deviations from a moving average (BB Basis).
- **Dynamic Support/Resistance:** Prices touching or exceeding the bands may indicate potential reversals.
- **Integration:**
- Works with RSI and Stochastic to identify overextended price movements.
- Helps in assessing volatility alongside trend and momentum indicators.
5. **Average True Range (ATR):**
- **Volatility Assessment:**
- **Methodology:** Calculates ATR over a 14-period length to measure market volatility.
- **ATR Bands:** Plots upper and lower bands relative to the current price using an ATR multiplier.
- **Integration:**
- Assists in setting stop-loss and take-profit levels based on current volatility.
- Complements Bollinger Bands for a comprehensive volatility analysis.
6. **Information Table:**
- **Real-Time Data Display:**
- Shows current values of MA20, MA50, RSI, Stochastic %K and %D, BB Basis, ATR, and Trend Status.
- **Trend Status Indicator:**
- Displays "Bullish," "Bearish," or "Sideways" based on MA conditions.
- **Integration:**
- Provides a consolidated view for quick decision-making without analyzing individual indicators separately.
7. **Periodic Labels:**
- **Enhanced Visibility:**
- Adds labels every 50 bars showing RSI and Stochastic values.
- **Integration:**
- Helps track momentum changes over time and spot longer-term patterns.
---
### **How the Components Work Together:**
- **Synergistic Analysis:**
- **Trend Confirmation:** MA crossovers establish the primary trend, while RSI and Stochastic confirm momentum within that trend.
- **Volatility Context:** Bollinger Bands and ATR provide context on market volatility, refining entry and exit points suggested by trend and momentum indicators.
- **Signal Strength:** Concurrent signals from multiple indicators increase confidence in trading decisions.
---
### **Usage Guidelines:**
1. **Trend Analysis:**
- **Identify Trend Direction:**
- Observe MA20 and MA50 crossovers.
- Refer to the Trend Status in the information table.
- **Confirm with Momentum Indicators:**
- Ensure RSI and Stochastic support the identified trend.
2. **Entry and Exit Points:**
- **Overbought/Oversold Conditions:**
- Look for RSI and Stochastic reaching extreme levels.
- Consider entering positions when oversold in a bullish trend or overbought in a bearish trend.
- **Bollinger Band Interactions:**
- Use price interactions with Bollinger Bands to identify potential reversal zones.
3. **Risk Management:**
- **ATR-Based Levels:**
- Set stop-loss and take-profit levels using ATR bands to account for current volatility.
- **Adjusting to Volatility:**
- Modify position sizes and targets based on Bollinger Band width and ATR values.
4. **Alerts Setup:**
- **Customize Alert Thresholds:**
- Configure alerts for MA crossovers, RSI levels, and Stochastic crossovers according to your trading strategy.
- **Stay Informed:**
- Use alerts to monitor key events without constant chart observation.
---
### **Customization:**
- **Flexible Parameters:**
- All indicator lengths, thresholds, and settings are adjustable to suit different trading styles and timeframes.
- **Adjustable Visuals:**
- Modify plot colors, line styles, and label positions to enhance chart readability.
---
### **Originality and Value Addition:**
This script differentiates itself by:
- **Integrated Approach:**
- Seamlessly combining multiple indicators to provide a more comprehensive analysis than using each indicator separately.
- **Enhanced Visualization:**
- Utilizing plots, fills, labels, and an information table to present data intuitively.
- **User-Friendly Features:**
- Pre-configured alerts and real-time data displays reduce the need for manual monitoring.
By explaining how each component interacts and contributes to the overall analysis, the script adds substantial value to traders seeking a multi-faceted tool for market analysis.
---
### **Additional Notes:**
- **Learning Resource:**
- The script is well-commented, serving as an educational tool for those learning Pine Script and technical analysis integration.
- **Further Enhancements:**
- Opportunities exist to incorporate additional indicators like MACD or ADX, and to develop advanced alert logic, such as RSI or Stochastic divergences.
---
### **Disclaimer:**
- **Educational Purpose Only:**
- This script is provided for informational purposes and should not be construed as financial advice.
- **Risk Acknowledgment:**
- Trading involves significant risk; past performance is not indicative of future results.
- **Due Diligence:**
- Users should conduct their own analysis and consider consulting a financial professional before making trading decisions.
---
By providing detailed explanations of the methodologies and the synergistic use of multiple indicators, this script aligns with TradingView's guidelines for originality and usefulness. It offers traders a unique tool that enhances market analysis through the thoughtful integration of technical indicators.
BORSI StrategyEMA: The strategy uses a 50-period EMA to determine the trend direction.
Buy Condition: The price must be above the EMA (indicating an uptrend).
Sell Condition: The price must be below the EMA (indicating a downtrend).
RSI: The RSI is used to identify overbought and oversold conditions:
Buy Condition: The RSI crosses above the oversold level (30) when the price is above the EMA.
Sell Condition: The RSI crosses below the overbought level (70) when the price is below the EMA.
9 EMA vs VWAP Crossover auto buy and sell strategyPurpose: The script is designed to provide trade signals based on the relationship between a short-term 9-period EMA and the VWAP.
How It Works:
Calculate the 9 EMA: Provides a short-term trend indicator.
Calculate the VWAP: Reflects the average price weighted by volume during the session.
Generate Signals:
A buy signal is generated when the 9 EMA crosses above the VWAP.
A sell (or short) signal is generated when the 9 EMA crosses below the VWAP.
Visual Feedback: The script plots the indicators and places labels on the chart to mark these crossovers.
Flat Candle IdentifierCredit "https://www.tradingview.com/script/qE9ma259-Flat-Open-sniper/"
Updated the indicator to allow the user to change the color of the candle.
This allows the user to spot flat candles easier than by using icons.
MA 50/200 with Support/Resistance (Custom Candle Input)The MA 50/200 with Support/Resistance (Custom Candle Input) is a versatile trading indicator that combines two popular moving averages (MA 50 and MA 200) with customizable support and resistance levels.
Moving Averages (MA 50 and MA 200): These two moving averages help smooth out price action and identify the overall trend of the market. The MA 50 is commonly used to identify short-term trends, while the MA 200 is typically used to spot long-term trends. You can choose between SMA (Simple Moving Average) or EMA (Exponential Moving Average) based on your preference.
Support and Resistance: The indicator also highlights critical support and resistance levels based on a user-defined number of previous candles. This feature allows you to adjust how many bars back you want to analyze for these levels. For example, if you set it to 50, it will look at the highest and lowest prices of the last 50 bars to plot these key levels. The support is shown as a green line, and the resistance is shown as a red line. These levels often act as price barriers where the market tends to reverse or stall.
Customizable Candle Range: You can easily adjust the number of candles used to calculate the support and resistance levels, making it adaptable to different market conditions and trading styles. Whether you want to focus on a short-term or longer-term view, this flexibility gives you control over how you visualize price action.
In short, this indicator helps you track market trends with moving averages and provides clear visual markers for support and resistance based on your chosen timeframe, making it an effective tool for identifying potential price reversals or breakouts.
MA 50/200 with FibonacciThis indicator combines two classic tools for market analysis: the 50-period and 200-period Moving Averages (MA) and Fibonacci retracement levels.
The MA 50 (blue line) and MA 200 (red line) give you a quick view of the trend direction—whether the market is in an uptrend or downtrend based on the position of the price relative to these moving averages.
The Fibonacci retracement levels (green, blue, orange, purple, red, yellow, and black lines) are drawn based on the highest and lowest prices in the last 200 bars. These levels show key areas where the price might pull back or find support/resistance, helping you identify potential entry and exit points.
Whether you’re a trend follower or a retracement trader, this indicator offers a powerful combination to help spot trends and reversal zones in the market.
