Ampleforth Rebase MACDThis script reveals Ampleforth rebase levels which are going to always work. In addition to that is MACD crossovers serving as potential buy/sell entries. You can set alerts for MACD crossovers and price entering balanced value area (0.96 - 1.06).
MACD signals can be used to automatically open a position and entering a balanced value area can be used as take-profit. Since the price will always move to this level, using this strategy without leverage should be profitable.
Ampleforth seems like a nice asset to trade since it is unlikely to correlate with anything else. At least not when it gets to the extreme levels.
Levels
SHARP PIVOTS (INTRADAY LEVELS) Hi friends,,
This indicator is based on modified fib levels.
Buy above 23.7% from recent low and sell below 72.7% from recent high.
15 mins close above or below the entry levels Recommended.
use Heiken Ashi candles for trend confirmation.
USE RSI 60/40(UNCONVENTIONAL) For additional conformation
ATR Daily LevelsPlots the daily ATR on the chart as upper and lower levels.
It can be use to adapt your trading in high and low periods of market volatility, determine reasonable target or take profit, entry at likely mean reversion, stop loss beyond normal flows etc...
More on the script behavior:
- Daily ATR upper/lower levels are applied on the current day low/high;
- The ATR value is defined by the last D1 bar;
- Shows up to D1 timeframe;
- Configuration for the indicator's period (default: 20 period ATR);
- Configuration for plotting the indicator on the the x axis with an offset/at begining of the day (default: offset);
Fx Auto Supply and Demand [For Day Trading Only]Fx Auto Supply and Demand automatically plots important supply and demand levels for Forex day trading.
Fibonacci ClusterFibonacci Cluster can be used for live day-trading to anticipate possible movements.
Ever line is a Support and Resistance level.
Median = Middle Line
R1 & R2 and S1 & S2 are possible reversal zones.
Upper Limit and Lower Limit are stronger levels.
Conditions:-
If the Lower Limit line is horizontal and the stock is moving upwards along with the Upper Limit Line, such movements indicates bullish trend.
If the Upper Limit line is horizontal and the stock is moving downwards along with the Lower Limit line, such movements indicates bearish trend.
If the price of a stock is at Upper Limit and still moving upwards along with the Upper Limit line, such movements indicates strong bullish trend.
If the price of a stock is at Lower Limit and still moving downwards along with the Lower Limit line, such movements indicates strong bearish trend.
When the cluster in expanding outwards in both directions, such movements indicates increase in volatility. The trend is strong.
When the cluster is contracting inwards from both direction, such movements indicates that the stock will now move sideways.
Simple Fibonacci RetracementSimple Fibonacci Retracement is a free and easy to use script to plot Fibonacci levels, for any assets like Stocks, Forex, Commodities , Cryptocurrencies etc. on any time frame chart.
Fibonacci Levels can be plotted using Lookback or manual Price input from the settings.
1. Lookback type - Candles
Determines the High and Low price of the user input number of Candles back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of candles in the past from the current candle. The levels stay intact on any time frame as long as no new Highs or Lows are formed.
2. Lookback type - Days
Determines the High and Low price of the user input number of Days back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of days in the past from the day of the current bar. The levels stay intact on any time frame as long as no new Highs or Lows are formed.
3. Manual Price Input
Plots Fibonacci Levels based on the user specified High and Low Price in the settings input fields. The levels stay intact on any time frame irrespective of new Highs or Lows being formed. Manual Price Input will enable the trader to keep the Levels intact and visually see the higher Fibonacci Retracement levels, when the price crosses beyond 100% retracement. On the other two lookback types, the Fibonacci levels are displayed only upto 100% retracement.
The Fibonacci levels can also be reversed by enabling 'Reverse' option from the settings.
Efficient Support & Resistance LevelsThis script is a mixture of my two previous scripts "True Strong Classical Support/Resistance Levels" and "Hidden Supports & Resistances + Round Levels". This combination brings on better identification of the most efficient support/resistance levels.
Note that "Hidden SnR Levels" part of the code is only expected to work on Forex charts, but apart from that, the other parts could be applied to any chart.
The script may:
- Draw classical support/resistance levels which retraced the price previously, aided by multi-timeframe analysis
- Draw hidden support/resistance levels based on psychological patterns of the price
- Adjust to wicks better than Pine Script built-in pivot functions
- Differ the levels color based on chart reactions
- Merge nearby classical levels to avoid congestion on the chart
Feel free to use it and send me your thoughts.
Ampleforth LevelsDisplays relevant Ampleforth (AMPL) levels:
- Target price, based on CPI (PCE)
- Equilibrium levels between which there is no rebase
TradeChartist Transformer ™TradeChartist Transformer is an extremely useful indicator that transforms any indicator plot, Oscillatory or Non-Oscillatory into Support/Resistance levels, thereby generating trade entries on Price chart.
How does ™TradeChartist Transformer work?
1. Connect any external indicator plot to Transformer by choosing it from the Transformer's Plug Indicator Here dropdown from the settings.
2. Choose whether the connected plot is Oscillatory or Non-Oscillatory from Indicator Type .
3. If connected indicator is an oscillator, enter the values for Transformer to generate Trade Entries. For example, if the connected Indicator is RSI, user can define RSI level 60 for BUY entries and RSI level 40 for SELL entries. For most oscillators, the value is 0 which is the default value.
4. There are two types of Trade Entries, one based on Fail/breach of Nearby Support/Resistance and the other based on Fail/breach of Ultimate Support/Resistance plotted by Transformer. For Higher Time-Frames like Daily, Fail/breach of Nearby S/R entry type will ensure early trade entries. This could vary from indicator to indicator and a thorough testing/observation on timeframe traded using paper trades is highly recommended before trading with real money.
5. Once Steps 1-4 are complete, BUY and SELL plots based on above will be plotted by Transformer on Price chart.
6. BUY and SELL plots are also decided by an ATR (Average True Range) condition + Indicator plot acting as filter itself along with fail/breach of Support/Resistance, as this helps minimise unproductive trade signals.
7. Enabling Dynamic Support/Resistance plots moving Support/Resistance levels for each bar. For most assets/timeframes, this doesn't alter the Trade entries.
8. Bar Colors and Profit Taking Bars can be enables from settings as these help identify the trend visually and also help recommend bars where profit taking is recommended.
9. Alerts can be created for Long and Short entries by using Once Per Bar Close as Alert Frequency. Entries are generated on Real time bars as close price fails Support or breaches Resistance. It is recommended to wait for bar close before taking a position based on Transformer Trade Entries.
10. Trade Entries or Transformer plots don't repaint. This can be verified using Bar Replay by confirming real time plots with historical plots. Also, when creating alerts, there will be no Alert Warning for repainting as the code doesn't use Security function or other functions that cause potential repainting.
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™TradeChartist Transformer can also be connected to ™TradeChartist Plug and Trade to generate Targets, Stop Loss Plot etc. and other alerts can also be created. Example chart shown below - Transformer connected to RSI to generate BUYs when RSI > 60 and SELLs when RSI < 40, connected to Plug and Trade.
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Example Charts:
1. CCI - (CCI>100 - Bullish and CCI<-100 - Bearish) connected to Transformer - BTC 1hr chart
2. Chaikin Money Flow with default values connected to Transformer - BTC 1hr chart
3. EMA connected to Transformer- BTC Daily chart
4. Awesome Oscillator connected to Transformer - GBPUSD Daily Chart
5. Ichimoku Cloud Conversion Line connected to Transformer - USOIL 1hr chart
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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[PX] External LevelHello everyone,
today I'd like to share a script, which enables you to use external logic to plot levels on your chart.
How does it work?
The concept is based on two scripts. One script, which uses an external input as a trigger to print a new level and one script that calculates an output, which will be fetched.
Sounds complicated? It really is not! Let's take a closer look.
// This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
// © paaax
//@version=4
study("RSI OS/OB")
l = input(14, "RSI Length")
ob = input(70, "Overbought")
os = input(30, "Oversold")
r = rsi(close, l)
hline(ob)
hline(os)
plot(r, "RSI", color=color.orange)
// The following plot produces an output, which will be fetched the "External Level"-script.
// It evaluates to one of the following three values: 1.0, -1.0 or 0.0
plot(crossover(r, ob) ? 1.0 : crossunder(r, os) ? -1.0 : 0.0, "Output", transp=100)
The example script above uses an RSI and two threshold levels (70 and 30). The logic here is, that whenever the RSI is crossing down the lower threshold or crossing up the upper threshold we'd consider the current movement to be either oversold or overbought. Therefore, it's a point of interest, which we could visualize with a level.
The script creates an output when the crossover or crossunder of a threshold happens. A crossover would result in a value of 1.0, a crossunder in a value of -1.0. In all other cases the value would be 0.0.
The output of the RSI script would then be used as an input of the External Level script, which has a "Source"-parameter in its input-section. If the fetched input shows 1.0, then the script prints a resistance level. If it shows -1.0 a support level will be printed. And that's basically it. A very simple approach to print levels on your chart with an infinite number of use cases.
For example, you could use fetch outputs from a MACD script, MA script, outputs based on volume or price movement. Just remember the output has to evaluate to either 1.0 or -1.0 and has to be selected in the input-section.
Hope that might be useful to some of you :)
Please click the "Like"-button and follow me for future open-source script publications.
If you are looking for help with your custom PineScript development, don't hesitate to contact me directly here on Tradingview or through the link in my signature :)
True Strong Classical Support/Resistance LevelsThis script is based on the approach of filtering signals by checking higher timeframes.
So basically setting higher numbers in "Strength Of Levels" option, will make the indicator check for support and/or resistance levels in timeframes higher than the current.
Unfortunately, I was forced to still use inefficient built-in functions pivothigh() and pivotlow(). I hope they fix them up soon!
I'm looking for any opinion about the idea and if you like any of my scripts, anything you send means a lot to me.
This script is published for the third time because of some moderators absurd behavior.
But thank heavens, the code is now more clean and of course the option "Strength Of Levels" accepts float numbers.
Auto Support/Resistance Levels (Expo)Auto Support/Resistance Levels (Expo) automatically identifies and displays key support and resistance levels.
The user can enable short- term, medium-term, and long- term Auto SR Levels.
The indicator can be used standalone or as a part of your current trading strategy.
Real-time
No repainting
Works on any market
HOW TO USE
1. Use the indicator to identify key Support and Resistance Levels
INDICATOR IN ACTION
Daily chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
[Trend] Support- & Resistance Levels/Zones (Expo)- Trend - Support & Resistance Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on the direction of the trend.
Levels/Zones are displayed where there is a high probability that price will find Support in positive trends and Resistance in negative trends.
Trend Cloud and Trend Detection Line can be enabled.
The indicator can be used standalone or as a part of your current trading strategy.
Real-time
No repainting
Works on any market
HOW TO USE
1. Use the indicator to identify where the price can find support and resistance Levels/Zones in trends.
2. Use the indicator to identify the trend direction.
INDICATOR IN ACTION
4 hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Trapped Traders - SR Levels/Zones (Expo) Trapped Traders - SR Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on where Bulls & Bears can be trapped.
Levels are displayed where there is a high probability that market participants will be trapped and forced to exit their positions if the price breakouts from the SR level.
If the price doesn't breakouts from the SR level there's a chance that the market has topped or bottomed out.
The indicator can be used standalone or as a part of your current trading strategy.
Real-time
No repainting
Works on any market
HOW TO USE
1. Use the indicator to identify where Bulls and Bears can be trapped.
2. Use the indicator to identify potential breakouts in the trend direction.
3. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
Daily Chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Extreme - SR Levels/Zones (Expo)Extreme - SR Levels/Zones (Expo) automatically searches and prints key support and resistance levels based on "extreme" high & low values.
When the extreme condition is met there is a high probability that the market pauses, makes a pullback, or that the trend change direction. If the current trend is strong, the price will breakout from the previous extreme level.
The indicator can be used standalone or as a part of your current trading strategy.
Real-time
No repainting
Works on any market
HOW TO USE
1. Use the indicator to identify key support and resistance levels.
2. Use the indicator to identify potential breakouts.
3. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
Daily chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
NSDT ES USA Open TargetsThis indicator provides potential entries and targets (both long and short) for the ES/MES USA session. It creates potential target lines on the chart as well as a gray box with the potential levels in text format. Both options can be turned on or off at the discretion of the trader. You may need to adjust the chart width so the box shows on the screen. It's position is adjustable.
The lines and the text box are updated after the first 1 MINUTE bar closes for USA session. The USA session open is defined as 9:30AM - 9:31AM, Eastern time.
Place the chart on a 1 MIN time interval for best results. You can change the chart timeframe after the 1st min bar closes and the data is updated.
To get access to this indicator, use the link in the profile signature or private message us here in Tradingview.
NSDT NQ USA Open TargetsThis indicator provides potential entries and targets (both long and short) for the NQ/MNQ USA session. It creates potential target lines on the chart as well as a gray box with the potential levels in text format. Both options can be turned on or off at the discretion of the trader. You may need to adjust the chart width so the box shows on the screen. It's position is adjustable.
The lines and the text box are updated after the first 1 MINUTE bar closes for USA session. The USA session open is defined as 9:30AM - 9:31AM, Eastern time.
Place the chart on a 1 MIN time interval for best results. You can change the chart timeframe after the 1st min bar closes and the data is updated.
To get access to this indicator, use the link in the profile signature or private message us here in Tradingview.
NSDT NQ London Open TargetsThis indicator provides potential entries and targets (both long and short) for the NQ/MNQ London session. It creates potential target lines on the chart as well as a gray box with the potential levels in text format. Both options can be turned on or off at the discretion of the trader. You may need to adjust the chart width so the box shows on the screen. It's position is adjustable.
The lines and the text box are updated after the first 1 MINUTE bar closes for London session. The London session open is defined as 3:00AM - 3:01AM, Eastern time.
Place the chart on a 1 MIN time interval for best results. You can change the chart timeframe after the 1st min bar closes and the data is updated.
To get access to this indicator, use the link in the profile signature or private message us here in Tradingview.
NSDT ES Asia Open TargetsThis indicator provides potential entries and targets (both long and short) for the ES/MES Asian session. It creates potential target lines on the chart as well as a gray box with the potential levels in text format. Both options can be turned on or off at the discretion of the trader. You may need to adjust the chart width so the box shows on the screen. It's position is adjustable.
The lines and the text box are updated after the first 1 MINUTE bar closes for Asian session. The Asian session open is defined as 6:00PM - 6:01PM, Eastern time.
Place the chart on a 1 MIN time interval for best results. You can change the chart timeframe after the 1st min bar closes and the data is updated.
To get access to this indicator, use the link in the profile signature or private message us here in Tradingview.
NSDT NQ Asia Open TargetsThis indicator provides potential entries and targets (both long and short) for the NQ/MNQ Asian session. It creates potential target lines on the chart as well as a gray box with the potential levels in text format. Both options can be turned on or off at the discretion of the trader. You may need to adjust the chart width so the box shows on the screen. It's position is adjustable.
The lines and the text box are updated after the first 1 MINUTE bar closes for Asian session. The Asian session open is defined as 6:00PM - 6:01PM, Eastern time.
Place the chart on a 1 MIN time interval for best results. You can change the chart timeframe after the 1st min bar closes and the data is updated.
To get access to this indicator, use the link in the profile signature or private message us here in Tradingview.
Support and Resistance MTF levels [SHK]A new way of drawing multi timeframe support and resistance !
This tool doesn't get the last high and lows, otherwise it tries to detect highly liquid levels with pending orders .
Share your opinion and result.
Enjoy!
Price Action - Level/Zone (Expo)Price Action - Level/Zone (Expo) indicator identifies buying and selling pressure that has an impact on the price movement. This is visualized by a Zone, or Levels or with Barcolors depending on which settings are used.
Depending on the selected settings the indicator can identify buying and selling pressure which pushes the price further in the trend direction and it can show exhausted buyers/sellers which is seen in reversal points.
HOW TO USE
1. Use the indicator to identify buying and selling pressure.
2. Use the indicator to identify exhausted buyers and sellers.
3. Use the indicator to identify reversal points, pullbacks, or trend shifts.
4. Use the indicator to buy/short-sell breakouts of the zones.
5. Use the indicator to buy/short-sell when the price re-test the zones.
-> Try the indicator on Heikin Ashi Candles , but it works as good at any type of candlestick, bars, Renko, or line break.
INDICATOR IN ACTION
4 hour chart
4 hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Buy Sell SignalsWill be making more enhancements to the Buy Sell indicator in the coming days..
The main idea of the indicator is to pick up small but powerful ups and downs in the market.
I personally use 1 min Time Frame as it works the best for me. These are quick entries, you can either exit quickly or trail your stoplosses for a nice profit.
The design is to provide possible entry points. It is not designed to provide you with Exit points.
Also added the Current Day High & Current Day Low (CDH & CDL can change when new highs or new lows are made in intraday).
PDH & PDL denotes the Previous Day High and Low (these are static lines that do not change)
This gives you a sense of how the day is moving.
Please do your own analysis before you take up entries. Trade at your own risk..!
Time Frame: works best in intra day time frames like 1 min, 3 min and 5 mins
Signal:
Possible Long Trend: Background color is GREEN, there is a high possibility that the price would shoot up
Possible Short Trend: Background color is RED, there is a high possibility that the price would take a nose dive
A continued GREEN or RED background does not indicate a fresh entry, it merely shows that the conditions still haven't changed.
Risky traders can still take up a new position or add to their positions when there is a continuous same color - GREEN or RED
When there is no background color, it means that not all conditions are met to give a clear direction. In short the view is neutral.
Recommended Stop Loss or Take Profit:
I personally use 0.5% as the SL and 0.5% as TP. You can use multiples of 0.5% to keep trailing your profits. I've seen some very good results with this. By default, 0.5% for both SL & TP is shown with a grey dotted line for both the Long positions and Short positions.
Alternatively, you can also use the Resistance levels and Support levels as your SL and TP areas too.
Do backtest and find your sweet spot.
Good luck..!
