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Wyckoff Accumulation Distribution Wyckoff Accumulation & Distribution Indicator (RSI-Based) This Pine Script is a technical analysis indicator built around the Wyckoff Method, designed to detect accumulation and distribution phases using RSI (Relative Strength Index) and pivot points. It automatically marks key structural turning points on the chart and highlights relevant zones with colored boxes. What Does It Do? Draws accumulation and distribution boxes based on RSI behavior. Automatically detects Wyckoff structural signals: SC (Selling Climax) AR (Automatic Rally) ST (Secondary Test) BC (Buying Climax) DAR (Automatic Reaction) DST (Secondary Test - Distribution) Identifies trend transitions by detecting sideways RSI movement. Attempts to detect spring and UTAD-like deviations based on RSI reversals. Uses RSI extremes in conjunction with pivot points to generate Wyckoff signals. How Does It Work? RSI Zone: It identifies sideways markets when RSI stays within ±20 of the 50 level (this range is configurable). Pivot Points: It detects pivot highs/lows that sync with RSI values (pivotLen is adjustable). Trend Box Drawing: When RSI exits the sideways zone, the script draws a gray box between the highest high and lowest low within that range. If RSI breaks upward, the box becomes green (Accumulation); if downward, it becomes red (Distribution). Wyckoff Structural Points: SC/BC: Detected when a pivot occurs with RSI below/above a threshold. AR/DAR: The next opposite pivot after SC or BC. ST/DST: The next same-direction pivot after AR or DAR. How to Use It Works best on 4H or daily charts for more reliable signals. Shorter timeframes may generate noise. Primarily used for interpreting RSI structures through the lens of Wyckoff methodology. Box colors help quickly identify market phase: Green box: Likely Accumulation Red box: Likely Distribution Triangular markers show key signals: SC, AR, ST: Accumulation points BC, DAR, DST: Distribution points Use these signals alongside price action to manually interpret Wyckoff phases. image.binance.vision image.binance.vision What Is the Wyckoff Method? The Wyckoff Method, developed in the 1930s by Richard Wyckoff, is a market analysis approach that focuses on supply and demand dynamics behind price movements. Wyckoff’s 5 Phases: Accumulation: Smart money gradually buying at low prices. Markup: Price begins trending upwards. Distribution: Smart money selling to retail traders. Markdown: Downtrend begins as supply outweighs demand. Re-accumulation / Re-distribution: Trend-continuation phases with consolidations. This indicator is specifically designed to detect phase 1 (Accumulation) and phase 3 (Distribution). Extra Notes Repainting is minimal, as pivots are confirmed using historical candles. Labels use plotshape for a clean, minimalist visual style. Other Wyckoff events (like SOS, LPS, UT, UTAD) could be added in future updates. This script does not generate buy/sell signals; it is meant for structural interpretation.
Pine Script® indicator
by faytterro
3
Godfather of Support & Resistance Godfather of Support & Resistance Overview The Godfather of Support & Resistance script is a powerful tool designed to help traders identify critical support and resistance levels on their charts. These price levels are vital for understanding market behavior, as they often act as turning points where prices reverse, consolidate, or break through. By automating the detection of these levels, this script simplifies your trading decisions and enhances your technical analysis. How It Works Pivot Points for Level Detection: The script uses pivot points to identify potential support (lows) and resistance (highs) levels: A pivot high is a local peak (a high surrounded by lower highs). A pivot low is a local trough (a low surrounded by higher lows). You can adjust the Pivot Length (pivotLen) input to control the sensitivity of detection. Smaller values detect more levels, while larger values focus on major levels. Dynamic Grouping with Tolerance: The script dynamically groups nearby price levels using a tolerance percentage. This tolerance is based on the level's price, making it adaptive to all types of assets (low- and high-priced). For example, if the tolerance is set to 1% and a level is at $100, levels within $1 are grouped together. Touch Count for Significance: The script tracks how many times the price interacts with each level (touch count). Only levels that meet or exceed the Minimum Touches (minTouches) input are displayed on the chart. This ensures only meaningful levels are highlighted. Clear Visual Representation: Resistance Levels (Red Lines): Represent areas where the price tends to reverse downward. Support Levels (Green Lines): Represent areas where the price tends to reverse upward. Labels are added to each level (optional) to display the price and the number of touches for better decision-making. Inputs You Can Customize Minimum Touches to Show Level: Set the minimum number of price interactions required for a level to be displayed. Maximum Lines to Keep: Limit the number of support and resistance lines displayed to keep your chart clean and focused. Pivot Length: Customize the sensitivity of pivot point detection. Smaller values detect more levels, while larger values focus on key levels. Tolerance for Touch Detection (%): Adjust the grouping tolerance as a percentage of the price. For example, 1% groups levels that are within 1% of each other. How to Use Apply the Script: Add the script to your TradingView chart, and it will automatically detect and plot support and resistance levels. Analyze the Levels: Use Resistance Levels (red lines) as potential sell zones or areas to place stop-loss orders above. Use Support Levels (green lines) as potential buy zones or areas to place stop-loss orders below. Customize for Your Trading Style: Adjust the inputs to match your preferred strategy and the timeframe or asset you're analyzing. Example Use Case Imagine you're analyzing a stock: Resistance Level: The script identifies resistance at $150 with 3 touches. This might be a potential sell zone if the price struggles to break through. Support Level: The script identifies support at $130 with 4 touches. This might be a potential buy zone if the price shows signs of bouncing upward. Key Features Automatically detects and plots support and resistance levels. Tracks the number of price touches to filter out weak levels. Adapts dynamically to price ranges using a percentage-based tolerance. Fully customizable to suit different trading styles and assets. Clean and professional chart display with a limit on the number of lines. Notes This script is for educational purposes only and should not be considered financial advice. Always perform your own analysis and manage risk before making trading decisions. Why Use This Script? The Godfather of Support & Resistance script simplifies your trading decisions by automating the detection of critical price levels. Whether you're a beginner or an experienced trader, this script is designed to save you time and help you focus on making informed trades. Start using it today to master the art of support and resistance trading! Let me know if you need further refinements for this description!
Pine Script® indicator
by AnmolMaheshwari
Micro Gaps DetectorSimple Micro Gap Indicator: A Technical Analysis Tool The Simple Micro Gap Indicator is a specialized momentum indicator designed to identify and analyze micro gaps between consecutive candlesticks in financial charts. Unlike traditional gap analysis that focuses on larger price gaps, this indicator specifically targets smaller, less noticeable spaces between candles. Key Features: Detects minimal price disparities between consecutive candlesticks Helps identify potential short-term momentum shifts Useful for high-frequency trading and scalping strategies Functions as a momentum indicator for short-term price movements
Pine Script® indicator
by H-A_T
🔔 Credit Spread Monitor: HY & IG vs US10Y🔔 Credit Spread Monitor: HY & IG vs US10Y This macroeconomic tool tracks credit risk sentiment by plotting the yield spreads between: 🔵 Investment Grade (IG): BAMLC0A0CMEY → ICE BofA US Corporate Index Effective Yield. Reflects average yield for US investment-grade corporate bonds. 🔴 High Yield (HY): BAMLH0A0HYM2EY → ICE BofA US High Yield Index Effective Yield. Measures average yield for US high-yield (non-investment grade) corporate bonds. ⚪ Treasury 10Y: US10Y → 10-Year US Treasury Yield. Benchmark rate for US government long-term debt. Spreads calculated: IG Spread = IG Yield - US10Y HY Spread = HY Yield - US10Y 🔎 Key Alert Zones: 🔴 HY Spread > +2σ → Potential financial stress / risk-off event 🟠 Inverted yield curve (10Y < 2Y) + HY Spread > 2% → Recession signal 🟢 HY Spread < 1.5% → Risk-on behavior, strong credit sentiment This indicator is ideal for: ✅ Macro traders looking to anticipate economic inflection points ✅ Portfolio managers monitoring systemic risk or credit cycles ✅ Fixed-income analysts tracking the cost of corporate borrowing Sourced from FRED (Federal Reserve Economic Data) and TradingView’s bond feeds. Designed to work on daily resolution using open prices for best consistency across series.
Pine Script® indicator
by jtomasfg
AI-EngulfingCandle+Alert+thanks-2-ahmedirshad419!WE MUST APPRECIATE ahmedirshad419 and his great work. I added some tips and sources instead of the shout for MIT XD. plotshape(tradeSignal and bullishCandle, title = 'bullish', location = location.belowbar, color = color.new(color.green, 0), style = shape.triangleup, text = 'BUY @ next higher bottom @ upper trend') plotshape(tradeSignal and bearishCandle, title = 'bearish', location = location.abovebar, color = color.new(color.red, 0), style = shape.triangledown, text = 'SELL @ next lower top @ downer trend') alertcondition(bullishCandle, title = 'Double Bottom Upcoming', message = 'BUY @ next higher bottom @ upper trend !') alertcondition(bearishCandle, title = 'Doublle Top Upcoming', message = 'SELL @ next lower top @ downer trend !') You should see the MIRACLE of your LIFE.
Pine Script® indicator
by rasukaru666
Triple Confirmation Buy/Sell Engine VWAP + MACD + RSIDescription: This custom-built indicator generates high-confidence Buy/Sell signals using a powerful combination of MACD momentum, RSI strength, and VWAP trend confirmation — designed for cleaner entries and fewer false signals. Unlike traditional scripts that rely on only one indicator (and produce noisy or early signals), this system requires triple confirmation, greatly increasing signal quality and reducing false trades. ✅ Buy Signal Conditions: MACD histogram turns green (momentum shift positive) RSI crosses above 50 (bullish strength confirmation) Price closes above VWAP (trend confirmation) 🔻 Sell Signal Conditions: MACD histogram turns red (momentum shift negative) RSI crosses below 50 (weakening trend) Price closes below VWAP (bearish confirmation) 🛠 Best For: Trend traders seeking higher probability entries Swing traders who want to catch bigger moves Crypto, stocks, forex traders looking for simple, effective signals
Pine Script® indicator
by keyvankho
Gold ORB Strategy (15-min Range, 5-min Entry)The Gold ORB (Opening Range Breakout) Strategy is designed for day traders looking to capitalize on the price action in the early part of the trading day, specifically using a 15-minute range for identifying the opening range and a 5-minute timeframe for breakout entries. The strategy trades the Gold market (XAU/USD) during the New York session. Opening Range: The strategy defines the Opening Range (ORB) between 9:30 AM EST and 9:45 AM EST using the highest and lowest points during this 15-minute window. Breakout Entries: The strategy enters trades when the price breaks above the ORB high for a long position or below the ORB low for a short position. It waits for a 5-minute candle close outside the range before entering a trade. Stop Loss and Take Profit: The stop loss is placed at 50% of the ORB range, and the take profit is set at twice the ORB range (1:2 risk-reward ratio). Time Window: The strategy only executes trades before 12:00 PM EST, avoiding late-day market fluctuations and consolidations.
Pine Script® strategy
by krypson
EMA TrendEMA Trend is a simple yet effective technical analysis tool that plots three Exponential Moving Averages (EMAs) — Fast, Medium, and Slow — on the price chart to help identify trend direction and strength. The Fast EMA (default: 10) and Medium EMA (default: 30) are used together to define short- to medium-term trend shifts. When the Fast EMA crosses above the Medium EMA, the indicator fills the area between them with a green color to highlight bullish momentum. Conversely, when the Fast EMA falls below the Medium EMA, the fill turns orange to indicate bearish pressure. The color fill provides a quick visual cue for potential trend changes or continuation. The Slow EMA (default: 100) serves as a longer-term trend baseline, helping traders align their strategy with the broader market direction.
Pine Script® indicator
by klubiniecki
🔥 Entry-Exit + choppy Zone [Phil Vo]🔥 Entry-Exit Master Tool | ATR Zones + Choppy Filter + Trap Detection 📘 Description: This script is a high-precision scalping assistant designed to improve trade timing and reduce emotional, low-conviction entries. It blends volatility-based logic, market strength confirmation, and choppy zone detection into a clean visual format to help traders make better decisions in fast-paced 1–5 minute environments. Built for active traders of SPY, QQQ, and other liquid assets, this tool focuses on three key areas: Entry & Exit Calculation using ATR logic Choppy/Sideways Zone Detection to avoid poor conditions Market Maker Trap Zones to identify manipulation-prone areas This script acts as a disciplined trading co-pilot: filter the noise, highlight opportunity, and help you stick to the plan. 🧠 Core Features: ✅ Entry-Exit Zones (ATR-Based) Calculates volatility-adjusted buffer zones using ATR Period and Multiplier Helps avoid chasing entries during low volatility or fake momentum moves ⚠️ Choppy/Sideways Zone Detection Marks uncertain, low-momentum environments using: ATR compression Weak ADX (trend strength) Narrow price range Below-average volume Grey background + grey dots on candles signal chop zones Designed to help you stay out, exit early, or wait for clarity Especially effective for avoiding scalping traps during consolidations 🧱 Market Maker Trap Zones Identifies high-probability reversal areas near swing highs/lows Uses RSI + swing logic to warn of potential liquidity grabs or false breakouts 📋 How to Use: Look for Buy/Sell Labels outside grey chop zones. Use VWAP or trend confirmation to strengthen the trade idea. Avoid trading inside choppy zones – grey background = no-fly zone. Exit positions early if price re-enters a chop zone or volume/ADX collapses. Watch for reversal plays near trap zones – swing highs/lows may reverse quickly ⚙️ Recommended Settings for 1–5 Minute Scalping: Setting Suggested Value Notes ATR Period 7 – 10 Faster reaction to volatility ATR Multiplier 1.2 – 1.4 Tighter stops for scalping Trend SMA Period 10 – 14 Short-term trend filter Min ATR Volatility 0.08 – 0.1 Filters slow bars Choppy Lookback Period 10 – 14 Recent bar scan for chop ADX Length / Threshold 10 / 20 – 25 Detects weak or strong trend strength Volume Lookback / Multiplier 14 / 0.7 – 0.8 Filters weak volume activity RSI Length / Swing Lookback 14 / 3 – 5 Used for trap zone logic Zone Size Multiplier 0.002 – 0.003 Controls sensitivity of trap zones ATR Padding Strength 1.2 – 1.5 Adds margin to trap zone detection 👁️ Visuals on Chart: ✅ Buy/Sell Labels = Entry signal confirmation ✅ Grey background = Choppy/sideways zone – avoid entries! ✅ Grey dots = Choppy candles within chop zone ✅ Colored lines/zones = Market structure + trap zones ⚠️ Disclaimer: This script is for educational purposes only and does not constitute financial advice. Always test and validate any system before applying in live markets.
Pine Script® indicator
by BullBearInsights