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Quarterly Theory ICT 03 [TradingFinder] Precision Swing Points🔵 Introduction Precision Swing Point (PSP) is a divergence pattern in the closing of candles between two correlated assets, which can indicate a potential trend reversal. This structure appears at market turning points and highlights discrepancies between the price behavior of two related assets. PSP typically forms in key timeframes such as 5-minute, 15-minute, and 90-minute charts, and is often used in combination with Smart Money Concepts (SMT) to confirm trade entries. PSP is categorized into Bearish PSP and Bullish PSP : Bearish PSP : Occurs when an asset breaks its previous high, and its middle candle closes bullish, while the correlated asset closes bearish at the same level. This divergence signals weakness in the uptrend and a potential price reversal downward. Bullish PSP : Occurs when an asset breaks its previous low, and its middle candle closes bearish, while the correlated asset closes bullish at the same level. This suggests weakness in the downtrend and a potential price increase. 🟣 Trading Strategies Using Precision Swing Point (PSP) PSP can be integrated into various trading strategies to improve entry accuracy and filter out false signals. One common method is combining PSP with SMT (divergence between correlated assets), where traders identify divergence and enter a trade only after PSP confirms the move. Additionally, PSP can act as a liquidity gap, meaning that price tends to react to the wick of the PSP candle, making it a favorable entry point with a tight stop-loss and high risk-to-reward ratio. Furthermore, PSP combined with Order Blocks and Fair Value Gaps in higher timeframes allows traders to identify stronger reversal zones. In lower timeframes, such as 5-minute or 15-minute charts, PSP can serve as a confirmation for more precise entries in the direction of the higher timeframe trend. This is particularly useful in scalping and intraday trading, helping traders execute smarter entries while minimizing unnecessary stop-outs. 🔵 How to Use PSP is a trading pattern based on divergence in candle closures between two correlated assets. This divergence signals a difference in trend strength and can be used to identify precise market turning points. PSP is divided into Bullish PSP and Bearish PSP, each applicable for long and short trades. 🟣 Bullish PSP A Bullish PSP forms when, at a market turning point, the middle candle of one asset closes bearish while the correlated asset closes bullish. This discrepancy indicates weakness in the downtrend and a potential price reversal upward. Traders can use this as a signal for long (buy) trades. The best approach is to wait for price to return to the wick of the PSP candle, as this area typically acts as a liquidity level. f PSP forms within an Order Block or Fair Value Gap in a higher timeframe, its reliability increases, allowing for entries with tight stop-loss and optimal risk-to-reward ratios. 🟣 Bearish PSP A Bearish PSP forms when, at a market turning point, the middle candle of one asset closes bullish while the correlated asset closes bearish. This indicates weakness in the uptrend and a potential price decline. Traders use this pattern to enter short (sell) trades. The best entry occurs when price retests the wick of the PSP candle, as this level often acts as a resistance zone, pushing price lower. If PSP aligns with a significant liquidity area or Order Block in a higher timeframe, traders can enter with greater confidence and place their stop-loss just above the PSP wick. Overall, PSP is a highly effective tool for filtering false signals and improving trade entry precision. Combining PSP with SMT, Order Blocks, and Fair Value Gaps across multiple timeframes allows traders to execute higher-accuracy trades with lower risk. 🔵 Settings Mode : 2 Symbol : Identifies PSP and PCP between two correlated assets. 3 Symbol : Compares three assets to detect more complex divergences and stronger confirmation signals. Second Symbol : The second asset used in PSP and correlation calculations. Third Symbol : Used in three-symbol mode for deeper PSP and PCP analysis. Filter Precision X Point : Enables or disables filtering for more precise PSP and PCP detection. This filter only identifies PSP and PCP when the base asset's candle qualifies as a Pin Bar. Trend Effect : By changing the Trend Effect status to "Off," all Pin bars, whether bullish or bearish, are displayed regardless of the current market trend. If the status remains "On," only Pin bars in the direction of the main market trend are shown. Bullish Pin Bar Setting : Using the "Ratio Lower Shadow to Body" and "Ratio Lower Shadow to Higher Shadow" settings, you can customize your bullish Pin bar candles. Larger numbers impose stricter conditions for identifying bullish Pin bars. Bearish Pin Bar Setting : Using the "Ratio Higher Shadow to Body" and "Ratio Higher Shadow to Lower Shadow" settings, you can customize your bearish Pin bar candles. Larger numbers impose stricter conditions for identifying bearish Pin bars. 🔵 Conclusion Precision Swing Point (PSP) is a powerful analytical tool in Smart Money trading strategies, helping traders identify precise market turning points by detecting divergences in candle closures between correlated assets. PSP is classified into Bullish PSP and Bearish PSP, each playing a crucial role in detecting trend weaknesses and determining optimal entry points for long and short trades. Using the PSP wick as a key liquidity level, integrating it with SMT, Order Blocks, and Fair Value Gaps, and analyzing higher timeframes are effective techniques to enhance trade entries. Ultimately, PSP serves as a complementary tool for improving entry accuracy and reducing unnecessary stop-outs, making it a valuable addition to Smart Money trading methodologies.
Pine Script® indicator
by TFlab
3
RSI with Trend LinesThe RSI with Trend Lines indicator is a tool designed to analyze the behavior of the Relative Strength Index (RSI) combined with dynamic trend lines. This indicator not only provides the standard RSI reading but also identifies pivot points on the RSI and draws bullish and bearish trend lines based on these points. It also includes customizable options for adjusting trend lines, displaying the RSI moving average, and highlighting key levels such as overbought, oversold, and the center line. This indicator is ideal for finding and identifying clear trends in the RSI and taking advantage of market breakout or consolidation signals. It also includes a table with the POC value, which represents the price level at which the most trading activity has occurred, indicating the highest liquidity and highest trading volume. Key Features: 1. Basic RSI: • Calculates the RSI using a configurable period length (default 14). • Colors the RSI based on its direction (green for rising, red for falling) and its position relative to the center line (50). 2. Key Levels: • Displays overbought (70 and 80), oversold (20 and 30), and the center line (50) levels for easy visual interpretation. 3. RSI Moving Average: • Enables and configures an RSI moving average (SMA, EMA, WMA, or ALMA) to smooth out fluctuations and detect clearer trends. 4. Dynamic Trend Lines: • Identifies pivot points on the RSI and draws bullish and bearish trend lines. • Trend lines can be extended into the future or limited to the visible range. • Includes options to display broken lines (trends that are no longer valid) and customize the style (solid or dashed). 5. Pivot Points: • Displays the high and low pivot points on the chart for a better understanding of trend changes. 6. Advanced Customization: • Adjust the pivot point period. • Control the number of pivot points to consider for trend lines. • Customize the line thickness and style. How to Use the Indicator: 1. RSI Interpretation: • Overbought Zone (RSI > 70): Indicates that the asset may be overvalued and could correct downward. • Oversold Zone (RSI < 30): Suggests that the asset may be undervalued and could rebound. • Centerline Crossover (50): A cross above 50 indicates bullish strength, while a cross below suggests weakness. 2. Trend Lines: • Bullish Lines: Drawn when the RSI forms ascending low pivot points. These lines represent dynamic support. • Bearish Lines: These are drawn when the RSI forms descending high pivot points. These lines represent dynamic resistance. • Broken Lines: When a trend line becomes invalid (the RSI breaks the line), they are displayed in a dotted style to highlight the breakout. 3. Possible Trading Signals: • Buy: When the RSI breaks an upward downtrend line. • Sell: When the RSI breaks a downward uptrend line. • Trend Confirmation: When the RSI stays within a valid trend line, it suggests that the current trend is strong. 4. A chart with the POC value: • The point of control is a price level at which the highest trading volume occurs in a given time period. It is a key component of the Volume Profile indicator, which displays volume by price. • Use of the POC in trading: • The POC is used to identify areas of high interest and liquidity for trading. • The POC provides information about the equilibrium point where buyers and sellers are most evenly matched. • Therefore, it can be considered a zone of interest, meaning it can act as support or resistance.
Pine Script® indicator
by OskarGallard
13
Volume Profile [ZeroHeroTrading]Volume Profile by ZeroHeroTrading provides Volume Profile information fully leveraging the high/low values associated with the volume. As such, it closely aligns with the price action. You can change the indicator settings as you see fit to achieve the best results for your use case. Algorithm Notes The indicator retrieves high/low/volume data within the set lookback period (number of bars back). It then sorts high/low boundaries, and accumulates the volume within the boundaries. Finally, it draws the Volume Profile as a filled out polyline joining all the boundaries together with the relevant accumulated volume proportion, and the POC as a box between the boundaries with the highest accumulated volume starting from the lookback. When the lookback period is based on days back (instead of bars back), the indicator first dynamically calculates the number of bars to look back within the set number of days. Please note that the lookback upper limit is 1000 bars back regardless of the settings. For instance, if the requested number of days results in the calculated bars back count (relative to the chart's timeframe) to be higher than 1000, the effective lookback will be 1000 bars back. Features It draws the Volume Profile and POC on the chart. It allows for setting the number of bars or days to look back for retrieving the volume information. It allows for setting the length of the Volume Profile being displayed (as a number of bars). It allows for setting the offset from the last bar for the Volume Profile being displayed (as a number of bars). It allows for setting the orientation of the Volume Profile being displayed from right to left and vice versa. It allows for setting the colors for the Volume Profile and POC. It allows for turning the POC functionality on/off. Settings Volume Lookback field: Sets number of bars or days to look back for retrieving the volume information. If the Volume Lookback field is set to 0, the volume data is retrieved for the current day regardless of the Bar(s)/Day(s) selection. Default is 200. Minimum is 0 and maximum is 1000. Volume Lookback dropdown: If Bar(s) is selected, the volume data is retrieved for the set number of bars back. If Day(s) is selected, the volume data is retrieved for the current day plus the set number of day(s) back. Default is Bar(s). Profile Bar Length field: Sets length of the Volume Profile being displayed as a number of bars. Default is 50. Minimum is 10 and maximum is 100. Profile Bar Offset field: Sets offset from the last bar for the Volume Profile being displayed as a number of bars. Default is 10. Minimum is 0 and maximum is 100. Profile Orientation dropdown: Selects Volume Profile orientation. Left is -right to left- and Right is -left to right-. Default is Left. Profile Color select: Selects Volume Profile color. Default is blue (100% opacity). Show POC checkbox: Turns on/off POC. Default is on. POC Color select: Selects POC color. Default is orange (80% opacity).
Pine Script® indicator
by ZeroHeroTrading
BINANCE-BYBIT Cross Chart: Spot-Perpetual CorrelationName: "Binance-Bybit Cross Chart: Spot-Perpetual Correlation" Category: Scalping, Trend Analysis Timeframe: 1M, 5M, 30M, 1D (depending on the specific technique) Technical analysis: This indicator facilitates a comparison between the price movements shown on the Binance spot chart and the Bybit perpetual chart, with the aim of discerning the correlation between the two charts and identifying the dominant market trends. It automatically generates the corresponding chart based on the ticker selected in the primary chart. When a Binance pair is selected in the main chart, the indicator replicates the Bybit perpetual chart for the same pair and timeframe, and vice versa, selecting the Bybit perpetual chart as the primary chart generates the Binance spot chart. Suggested use: You can utilize this tool to conduct altcoin trading on Binance or Bybit, facilitating the comparison of price actions and real-time monitoring of trigger point sensitivity across both exchanges. We recommend prioritizing the Binance Spot chart in the main panel due to its typically longer historical data availability compared to Bybit. The primary objective is to efficiently and automatically manage the following three aspects: - Data history analysis for higher timeframes, leveraging the extensive historical data of the Binance spot market. Variations in indicators such as slow moving averages may arise due to differences in historical data between exchanges. - Assessment of coin liquidity on both exchanges by observing candlestick consistency on smaller timeframes or the absence of gaps. In the crypto market, clean charts devoid of gaps indicate dominance and offer enhanced reliability. - Identification of precise trigger point levels, including daily, previous day, or previous week highs and lows, which serve as sensitive areas for breakout or reversal operations. All-Time High (ATH) and All-Time Low (ATL) levels may vary significantly across exchanges due to disparities in historical data series. This tool empowers traders to make informed decisions by leveraging historical data, liquidity insights, and precise trigger point identification across Binance Spot and Bybit Perpetual market. Configuration: EMA length: - EMA 1: Default 5, user configurable - EMA 2: Default 10, user configurable - EMA 3: Default 60, user configurable - EMA 4: Default 223, user configurable - Additional Average: Optional display of an additional average, such as a 20-period average. Chart Elements: - Session separator: Indicates the beginning of the current session (in blue) - Background: Indicates an uptrend (60 > 223) with a green background and a downtrend (60 < 223) with a red background. Instruments: - EMA Daily: Shows daily averages on an intraday timeframe. - EMA levels 1h - 30m: Shows the levels of the 1g-30m EMAs. - EMA Levels Highest TF: Provides the option to select additional EMA levels from the major timeframes, customizable via the drop-down menu. - "Hammer Detector: Marks hammers with a green triangle and inverted hammers with a red triangle on the chart - "Azzeramento" signal on TF > 30m: Indicates a small candlestick on the EMA after a dump. - "No Fomo" signal on TF < 30m: Indicates a hyperextended movement. Trigger Points: - Today's highs and lows: Shows the opening price of the day's candlestick, along with the day's highs and lows (high in purple, low in red, open in green). - Yesterday's highs and lows: Displays the opening price of the daily candlestick, along with the previous day's highs and lows (high in yellow, low in red). You can customize the colors in "Settings" > "Style". It is best used with the Scalping The Bull indicator on the main panel. Credits: @tumiza999: for tests and suggestions. Thanks for your attention, happy to support the TradingView community.
Pine Script® indicator
by TheSocialCryptoClub
Zigzag Chart Points█  OVERVIEW This indicator displays zigzag based on high and low using latest pine script version 5 , chart.point which using time, index and price as parameters. Pretty much a strip down using latest pine script function, without any use of library . This allow pine script user to have an idea of simplified and cleaner code for zigzag. █  CREDITS LonesomeTheBlue █  FEATURES 1. Label can be show / hide including text can be resized. 2. Hover to label, can see tooltip will show price and time. 3. Tooltip will show date and time for hourly timeframe and below while show date only for day timeframe and above. █  NOTES 1. I admit that chart.point just made the code much more cleaner and save more time. I previously using user-defined type(UDT) which quite hassle. 2. I have no plan to extend this indicator or include alert just I thinking to explore log.error() and runtime.error() , which I may probably release in other publications. █  HOW TO USE' Pretty much similar inside mentioned references, which previously I created. █  REFERENCES 1. Zigzag Array Experimental 2. Simple Zigzag UDT 3. Zig Zag Ratio Simplified 4. Cyclic RSI High Low With Noise Filter 5. Auto AB=CD 1 to 1 Ratio Experimental
Pine Script® indicator
by RozaniGhani-RG
6
Pivot Breaches by nnamdertWhat does this Indicator do? This Pivot Point Line Breach Indicator is a simple yet powerful tool that automatically plots lines at the high and low pivot point levels and extends the lines forward to the most recent real-time bar. When the price breaches a line, the line stops at that breach point. The unbreached lines, however, continue on until they are eventually breached or the indictor reaches the maximum number of lines set by the user. How is this Indicator helpful? The pivot point lines plotted on the chart show areas where the price may eventually revert to. By knowing whether or not these lines have been breached, traders can easily identify potential entry points or support lines that are likely to be breached, especially when used with other indicators. As shown in the screenshot below, some lines have been breached, while several others remain. Once the lines were breached, we could clearly see that the price moved quickly to the next level. The indicator user inputs enable the plotting of up to 500 lines on the chart, if the user chooses to set the limit to 500. However, the default setting is currently set to a lower number, allowing traders to easily view the most recent unbreached pivot points. The plotted lines are located at the close and high or low of the bar that generated the line. When there is a long wick, the two lines are plotted far from each other. A breach of both lines, particularly in the case of a long wick, indicates strong movement in the direction of the breach. Thank you for using my indicator, and I hope it helps you make profitable trading decisions.
Pine Script® indicator
by nnamdert
Scalping The Bull PRO IndicatorName : Scalping The Bull PRO Indicator Category : Scalping, Trend Following, Mean Reversion . Timeframe : 1M, 5M, 30M, 1D depending on the specific technique. Technical Analysis : The indicator supports the operations of the trader named "Scalping The Bull" who uses price action and exponential moving averages. Suggested usage : Crypto Market only , on Altcoins showing strong trends for scalping and intra-day trades. Trigger points are used as entry and exit points and to be used to understand when a signal has more power. Scalping The Bull PRO Indicator can identify automatically the following conformations with labels on the charts and/or custom alerts. Shimano : look at the price records of a consecutive series of closings between the EMA 60 and the EMA 223 when a certain threshold is reached. Use the trigger points as price structures to identify entry and exit zones (e.g. breakout of the yesterday high as for entry point). Bomb : look at the price registers a percentage variation in a single candle, greater than a threshold such as 2%, in particular on shorter timeframes and around the trigger points. Viagra : look when there is a consecutive series of closes below the EMA 10, a breakout of the EMA should be an important sign of the change of the trend. Viagra can be used with either a Trend-following or Counter-trend approach, so it can be observed when EMA 60 is lower than EMA 223, or when EMA 60 is higher than EMA 223. Downward fake : look when, after a cross under (Death Cross), the price returns above the EMA 223 using the yesterday high as a trigger point. Emergence : look at the EMA 60 is about to cross over the EMA 223. Anti-crossing : look at, after an important price rise and a subsequent retracement, the EMA 60 is about to cross under the EMA 223 but a bullish impulse brings the price back above the EMAs. For Sales : look at two types of situations: 1) when the price falls by more than 10% from the opening price and around yesterday's low or 2) when the price falls and then reaches, in the last 5 days, a bigger percentage and then breaks a trigger point. Colour change : look at the opening price of the session - indicated as a trigger point. Third touch of EMA 60 : look for 3 touches below the EMA 60, and enter when there is a close above the EMA 60. Third touch of EMA 223 : look for 3 touches below the EMA 223, and enter when there is a close above the EMA 223. Bud : look at price when it crosses upwards the average 10 and subsequently at least 2 "rest" candles are between the maximum and minimum of the breaking candle. Fake on EMA 10 : look for the open of a candle higher than the EMA 10, the minimum of the candle lower and the closing price returns above the EMA 10. For Stop Loss and Profit Targets consider a proper R/R depending on Risk Management, using price structures such as the low of the entering candle and a quick Position Management moving quickly the Stop-Loss at Break-Even. Configuration : Graphical Configuration : Additional EMA : You can display an additional average, e.g. 20-period average. Session Separators : indicates the beginning of the current session (in blue) . Background : signals with the background in green an uptrend situation ( 60 > 223) and in red background a downtrend situation (60 < 223). Labels of Trigger Points . Take Profit Levels with a display offset . Label size . Trigger points : Today's highs and lows : draw on the chart the opening price of the daily candle and the highs and lows of the day (high in purple, low in red and open in green). An alert can be activated with % offset. Yesterday's highs and lows : draw on the chart the opening price of the daily candle, the highs and lows of the previous day (high in yellow, low in red). An alert can be activated with % offset. Colour Change : an alert can be activated with % offset. EMA Conformations : Shimano : a label and/or an alert can be activated with a configurable threshold of candles. Emersion : a label and/or an alert can be activated. Anti-crossing : a label and/or an alert can be activated. Fake on EMA : a label and/or an alert can be activated with a configurable threshold of candles. Price-EMA Conformations : Viagra : a label and/or an alert can be activated for specific EMA situations, with a configurable threshold of candles. Third Touch on EMA : a label and/or an alert can be activated for a specific EMA bounce. Bud : a label and/or an alert can be activated on all timeframes except 1m. Fake on EMA 10 : a label and/or an alert can be activated on all timeframes except 1m. Bud + Fake : a label and/or an alert can be activated on all timeframes except 1m. Price Conformations : Bomb : a label and/or an alert can be activated with a configurable threshold %. For Sales : a label and/or an alert can be activated with a configurable threshold %. Activate all alerts : you can activate all alerts clicking on Alerts, then on Condition “PRO Scalping the Bull” and then selecting “Any alert() function”. N.B. It is also possible to creates alerts on price-EMA crossing.
Pine Script® indicator
by TheSocialCryptoClub
34
Daily, Weekly, Monthly Pivot Points StandardShow Higher timeframe Pivot Point along with 3 support/Resistance and mid line between them Option to show the Monthly lines, with or without mid line, and can select the color Option to show the Weekly lines, with or without mid line, and can select the color Option to show the Daily lines, with or without mid line, and can select the color Option to show a tables with the previous Open, High, Low, Close for these higher timeframe
Pine Script® indicator
by Naletar
7