Normalized Price ComparisonNormalized Price Comparison Indicator Description
The "Normalized Price Comparison" indicator is designed to provide traders with a visual tool for comparing the price movements of up to three different financial instruments on a common scale, despite their potentially different price ranges. Here's how it works:
Features:
Normalization: This indicator normalizes the closing prices of each symbol to a scale between 0 and 1 over a user-defined period. This normalization process allows for the comparison of price trends regardless of the absolute price levels, making it easier to spot relative movements and trends.
Crossing Alert: It features an alert functionality that triggers when the normalized price lines of the first two symbols (Symbol 1 and Symbol 2) cross each other. This can be particularly useful for identifying potential trading opportunities when one asset's relative performance changes against another.
Customization: Users can input up to three symbols for analysis. The normalization period can be adjusted, allowing flexibility in how historical data is considered for the scaling process. This period determines how many past bars are used to calculate the minimum and maximum prices for normalization.
Visual Representation: The indicator plots these normalized prices in a separate pane below the main chart. Each symbol's normalized price is represented by a distinct colored line:
Symbol 1: Blue line
Symbol 2: Red line
Symbol 3: Green line
Use Cases:
Relative Performance Analysis: Ideal for investors or traders who want to compare how different assets are performing relative to each other over time, without the distraction of absolute price differences.
Divergence Detection: Useful for spotting divergences where one asset might be outperforming or underperforming compared to others, potentially signaling changes in market trends or investment opportunities.
Crossing Strategy: The alert for when Symbol 1 and Symbol 2's normalized lines cross can be used as a part of a trading strategy, signaling potential entry or exit points based on relative price movements.
Limitations:
Static Alert Messages: Due to Pine Script's constraints, the alert messages cannot dynamically include the names of the symbols being compared. The alert will always mention "Symbol 1" and "Symbol 2" crossing.
Performance: Depending on the timeframe and the number of symbols, performance might be affected, especially on lower timeframes with high data frequency.
This indicator is particularly beneficial for those interested in multi-asset analysis, offering a streamlined way to observe and react to relative price movements in a visually coherent manner. It's a powerful tool for enhancing your trading or investment analysis by focusing on trends and relationships rather than raw price data.
Chỉ báo và chiến lược
Supertrend with EMAs (288 & 50)This indicator combines the Supertrend with two key Exponential Moving Averages (EMAs) — the 50 EMA and the 288 EMA — to help traders identify trends and possible entry or exit points in the market.
Key Features:
Supertrend Indicator:
The Supertrend indicator is a widely used trend-following tool. It helps determine whether the market is in an uptrend or downtrend by adjusting based on the Average True Range (ATR).
In this indicator, green represents an uptrend, and red represents a downtrend.
288 EMA:
The 288-period Exponential Moving Average is plotted to show the long-term market trend. It reacts more quickly to recent price changes than a simple moving average, offering an effective way to gauge long-term market direction.
50 EMA:
The 50-period Exponential Moving Average is commonly used as a short-term trend indicator. It helps identify shorter-term trends and serves as a dynamic support/resistance level.
EMA Crossover Alerts:
This indicator includes alerts for when the 50 EMA crosses above the 288 EMA (bullish signal) and when it crosses below (bearish signal), helping traders catch trend reversals or confirmation of current trends.
Supertrend Alerts:
Alerts are triggered when the Supertrend indicator switches from uptrend to downtrend or downtrend to uptrend, indicating a potential shift in market direction.
Usage:
Uptrend Confirmation: When the Supertrend is green and the 50 EMA is above the 288 EMA, it signals that the market is in a strong bullish trend.
Downtrend Confirmation: When the Supertrend is red and the 50 EMA is below the 288 EMA, it indicates that the market is in a bearish trend.
Crossover Signals: The indicator provides alerts when the 50 EMA crosses above or below the 288 EMA, helping traders spot trend changes.
Best For:
Trend-following strategies
Identifying potential trend reversals and market shifts
Traders looking for a combination of short-term and long-term trend analysis
Note: This indicator is most effective when used in conjunction with other technical analysis tools and should be considered alongside other factors such as volume, support/resistance levels, and price action.
GOLDEN RSI by @thejamiulGOLDEN RSI thejamiul is a versatile Relative Strength Index (RSI)-based tool designed to provide enhanced visualization and additional insights into market trends and potential reversal points. This indicator improves upon the traditional RSI by integrating gradient fills for overbought/oversold zones and divergence detection features, making it an excellent choice for traders who seek precise and actionable signals.
Source of this indicator : This indicator is based on @TradingView original RSI indicator with a little bit of customisation to enhance overbought and oversold identification.
Key Features
1. Customizable RSI Settings:
RSI Length: Adjust the RSI calculation period to suit your trading style (default: 14).
Source Selection: Choose the price source (e.g., close, open, high, low) for RSI calculation.
2. Gradient-Filled RSI Zones:
Overbought Zone (80-100): Gradient fill with shades of green to indicate strong bullish conditions.
Oversold Zone (0-20): Gradient fill with shades of red to highlight strong bearish conditions.
3. Support and Resistance Levels:
Upper Band: 80
Middle Bands: 60 (bullish) and 40 (bearish)
Lower Band: 20
These levels help identify overbought, oversold, and neutral zones.
4. Divergence Detection:
Bullish Divergence: Detects lower lows in price with corresponding higher lows in RSI, signaling potential upward reversals.
Bearish Divergence: Detects higher highs in price with corresponding lower highs in RSI, indicating potential downward reversals.
Visual Indicators:
Bullish divergence is marked with green labels and line plots.
Bearish divergence is marked with red labels and line plots.
5. Alert Functionality:
Custom Alerts: Set up alerts for bullish or bearish divergences to stay notified of potential trading opportunities without constant chart monitoring.
6. Enhanced Chart Visualization:
RSI Plot: A smooth and visually appealing RSI curve.
Color Coding: Gradient and fills for better distinction of trading zones.
Pivot Labels: Clear identification of divergence points on the RSI plot.
Squeeze Momentum Scanner (LazyBear)Objective: Identify stocks exhibiting a squeeze condition, indicating potential breakouts.
Scanner Criteria:
Squeeze Condition: Bollinger Bands are within Keltner Channels.
Momentum Shift: Transition from negative to positive momentum bars (for bullish setups) or positive to negative (for bearish setups).
Red Histogram: Indicates a squeeze is on (potential breakout setup).
Green Histogram: Squeeze has released.
Momentum Line: Green for bullish momentum, red for bearish.
Buy and Sell with Oscillator DivergenceThis exploratory script provides a graphical representation of "Peaks" and "Dips" during market expansion, where traders are likely to take part of their profits. One possible use is with a contrarian entry strategy: selling when buyers have finished taking their profits and buying when sellers have finished taking their profits. This is achieved by comparing the strength of an existing trend by analysing the price and any given oscillator between two consecutive peaks or dips for regular divergences.
The script combines Bollinger Band expansion to detect extreme points. It then compares a single oscillator of choice (e.g., RSI, CCI, Stoch RSI, or MACD) to determine whether the value of the oscillator between two Bollinger Band extremes is increasing or decreasing, thereby detecting possible divergence with the price. Additionally, there is an option to include any other oscillator of choice as an input source for the oscillator, provided that it is loaded on the chart.
In an uptrend, if the price continues to peak higher while the oscillator peaks lower, it indicates signs of bullish exhaustion. Conversely, in a downtrend, if the price keeps dipping lower while the oscillator dips higher, it signals bearish exhaustion.
The above can be used in conjunction with price action analysis to identify entry or exit points near key areas of support or resistance. The script is intended for exploratory and educational purposes, is a work in progress, it requires further tunning, and does not constitute financial advice.
Triple Power Stop [CHE]Triple Power Stop
This indicator provides a comprehensive multi-timeframe approach for stop level and trend analysis, tailored for traders who want enhanced precision and adaptability in their trading strategies. Here's what makes the Triple Power Stop (CHE) stand out:
Key Features:
1. ATR-Based Stop Levels:
- Uses the Average True Range (ATR) to dynamically calculate stop levels, ensuring sensitivity to market volatility.
- Adjustable ATR multiplier for fine-tuning the stop levels to fit different trading styles.
2. Multi-Timeframe Analysis:
- Evaluates trends across three different timeframes with user-defined multipliers.
- Enables deeper insight into the market's broader context while keeping the focus on precision.
3. Dynamic Volatility Adjustment:
- Introduces a unique volatility factor to enhance stop-level calculations.
- Adapts to market conditions, offering reliable support for both trending and ranging markets.
4. Clear Trend Visualization:
- Stop levels and trends are visually represented with color-coded lines (green for uptrend, red for downtrend).
- Seamlessly integrates trend changes and helps identify potential reversals.
5. Signal Alerts:
- Long and short entry signals are plotted directly on the chart for actionable insights.
- Eliminates guesswork and provides clarity in decision-making.
6. Customizability:
- Adjustable parameters such as ATR length, multipliers, and label counts, allowing traders to tailor the indicator to their strategies.
Practical Use:
The Triple Power Stop (CHE) is ideal for traders who want to:
- Manage risk effectively: With dynamically calculated stop levels, traders can protect their positions while allowing room for natural market fluctuations.
- Follow the trend: Multi-timeframe trend detection ensures alignment with broader market movements.
- Simplify decisions: Clear visual indicators and signals make trading decisions more intuitive and less stressful.
How to Use:
1. Set the ATR length and multiplier values based on your risk tolerance and trading strategy.
2. Choose multipliers for different timeframes to adapt the indicator to your preferred resolutions.
3. Use the color-coded trend lines and entry signals to time your trades and manage positions efficiently.
Disclaimer:
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Enhance your trading precision and confidence with Triple Power Stop (CHE)! 🚀
Happy trading
Chervolino
BBMA. Custom BB + MACustom BB + MA Indicator
This indicator combines Bollinger Bands (BB), Moving Averages (MA), and an Exponential Moving Average (EMA) to provide a comprehensive view of market trends and price volatility.
Features:
Bollinger Bands (BB):
Configurable period and standard deviation.
Displays upper, lower, and midline bands with customizable colors and widths.
Moving Averages (MA):
Includes 5-period and 10-period Weighted Moving Averages (WMA) for both highs and lows.
Customizable colors and line widths for better visualization.
Exponential Moving Average (EMA):
Includes a 50-period EMA with customizable settings.
Usage:
Use Bollinger Bands to gauge price volatility and identify potential breakout or reversal points.
Use Moving Averages for trend direction and short-term price movements.
Use the EMA for a smoother trend analysis and long-term direction.
This indicator is fully customizable, allowing traders to adjust the settings to fit their trading strategies and preferences. Perfect for technical analysis of any market.
BBMA. Custom BB + MACustom BB + MA Indicator
This indicator combines Bollinger Bands (BB), Moving Averages (MA), and an Exponential Moving Average (EMA) to provide a comprehensive view of market trends and price volatility.
Features:
Bollinger Bands (BB):
Configurable period and standard deviation.
Displays upper, lower, and midline bands with customizable colors and widths.
Moving Averages (MA):
Includes 5-period and 10-period Weighted Moving Averages (WMA) for both highs and lows.
Customizable colors and line widths for better visualization.
Exponential Moving Average (EMA):
Includes a 50-period EMA with customizable settings.
Usage:
Use Bollinger Bands to gauge price volatility and identify potential breakout or reversal points.
Use Moving Averages for trend direction and short-term price movements.
Use the EMA for a smoother trend analysis and long-term direction.
This indicator is fully customizable, allowing traders to adjust the settings to fit their trading strategies and preferences. Perfect for technical analysis of any market.
Multi Time Frame Pivot Point.The provided Pine Script is an indicator that allows users to display pivot points for various timeframes, such as 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly, on the chart. The script includes input options for users to choose which pivot points to display for each timeframe.
The script calculates pivot points for different timeframes using the formula (high + low + close) / 3 and then plots the pivot points on the chart with different colors for each timeframe.
This indicator provides flexibility in displaying pivot points for different timeframes based on user preferences.
profit factor 1.5 great tradesgreat strategy to get a good profit factor as it involves less indicators and is a proven strategy
Volume Multiplier Index (VMI)Этот индикатор масштабирует объемы и позволяет анализировать их через две линии, основанные на различных подходах (экспонента и логарифм), с визуализацией ключевых уровней (перекупленности, перепроданности и средней зоны).
1. Описание настроек
Линия 1: "Exponent Line"
Show Exponent Line: Включает/выключает отображение линии экспоненты.
Period for Exponent: Период для расчета скользящих максимумов и минимумов объема.
Use Exponent Multiplier: Включает/выключает применение множителя.
Exponent Multiplier: Значение степени, в которую возводится объем.
Линия 2: "Logarithm Line"
Show Logarithm Line: Включает/выключает отображение логарифмической линии.
Period for Logarithm: Период для расчета скользящих максимумов и минимумов объема.
Use Logarithm Multiplier: Включает/выключает применение логарифмического множителя.
Общие элементы
Уровни:
80: Верхняя граница, обозначающая зону перекупленности.
50: Средний уровень, зона баланса объема.
20: Нижняя граница, зона перепроданности.
Заливка фона: Показывает диапазон между уровнями 20 и 80 для наглядности.
2. Интерпретация линий
Линия 1 (Exponent):
Линия усиливает влияние крупных объемов. Используется для определения аномально высоких объемов, что может указывать на сильные движения рынка (тренд или разворот).
Пример:
Если линия резко поднимается выше уровня 80 — это сигнал о значительном увеличении объема, возможно, начало сильного тренда.
Линия вблизи 20 — снижение активности, возможна консолидация или боковое движение.
Линия 2 (Logarithm):
Линия сглаживает влияние крупных объемов, делая акцент на стабильных изменениях. Подходит для анализа общего тренда или средней рыночной активности.
Пример:
Линия выше 80 — указывает на устойчивую активность вблизи перекупленности.
Линия ниже 20 — активность снижается, сигнализируя о возможной перепроданности.
3. Как применять индикатор
Анализ зон объемов:
Используйте верхний уровень (80) для выявления зон перекупленности.
Используйте нижний уровень (20) для поиска зон перепроданности.
Средний уровень (50) помогает оценивать нормальное состояние рынка.
Совмещение линий:
Если обе линии поднимаются выше 80, это подтверждение высокой активности рынка.
Если обе линии находятся ниже 20, это подтверждение низкой активности (возможна консолидация).
Фильтрация сигналов:
Используйте линию экспоненты для поиска резких скачков объема.
Линия логарифма помогает сгладить шум и дает подтверждение для более устойчивых трендов.
Комбинация с другими индикаторами:
Индикатор эффективен в сочетании с трендовыми (например, MACD, RSI) для подтверждения сигналов.
Например, перекупленность по объему может совпадать с дивергенцией на RSI.
4. Примеры сценариев использования
Сценарий 1: Идентификация тренда
Если линия экспоненты пересекает уровень 80, а линия логарифма также приближается к этому уровню, это может быть сигналом продолжения сильного тренда.
Сценарий 2: Разворот рынка
Когда линии опускаются ниже уровня 20, а затем обе начинают подниматься вверх — возможно начало нового тренда.
Сценарий 3: Консолидация
Если линии движутся около уровня 50 и не показывают сильных отклонений, рынок, скорее всего, находится в фазе консолидации.
5. Рекомендации по интерпретации
Не использовать индикатор в одиночку — он предназначен для фильтрации сигналов.
Для анализа лучше всего подходят периоды повышенной волатильности.
Настройки периода и множителя можно подстраивать под актив, с которым вы работаете. Для более волатильных инструментов лучше увеличить период.
Этот индикатор идеально подходит для анализа активности рынка, фильтрации шумов и подтверждения сигналов в стратегиях трендового или контртрендового характера.
Indicador Marioindicador de 3 medias moviles.
Donde indica el possible retrocesso baseado em fibonacci.
Gann Secert Radio AM Receiverenjoy this masterpiece from W D Gann, It indicates clear buy and sell entries by looking at the background. Every time background changes it's a buy or sell entry
Fxj PinBar by @GeekexThis is a pin bar detector for fxj strategy
if bigger shadow of last closed candle became double of its body it shows green color and if it's not indicator shows red color
special thanks to Jalil Mehrparvar
written by trexamir
Cumulative Delta AnalyzerCumulative Delta Analyzer (CDA) is a simple script designed to track changes in buying and selling volume. It highlights imbalances that can indicate shifts in market sentiment, helping traders identify potential turning points or trends.
Dynamic Risk Levels with Buy/Sell TextIntroduction
Risk management and making the right decisions while trading can be quite complex. To help you overcome these challenges, we developed the Dynamic Risk Levels and Buy/Sell Text indicator. This indicator aims to simplify your decision-making processes by combining volatility analysis, dynamic risk levels and RSI (Relative Strength Index) signals. This tool, which clearly visualizes buy/sell levels and risk zones on the chart, offers an ideal solution for investors of all levels.
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Key Features
1. ATR Based Volatility Calculation
The indicator uses the Average True Range (ATR) method to measure market volatility. Combined with Fibonacci's golden ratio (1.618), ATR creates risk levels that dynamically adapt to market conditions.
2. Determining Buy and Sell Levels
The lowest closing price during a specified period is defined as the buy level, and the highest closing price is defined as the sell level.
3. Dynamic Long and Short Risk Levels
Long (buy) risk level: Buy level + (ATR * 1.618)
Short (sell) risk level: Sell level - (ATR * 1.618)
These levels are constantly updated according to the volatility of the market.
4. Additional Filtering with RSI
RSI (Relative Strength Index) filters out false signals by identifying overbought and oversold areas.
Buy Signal: RSI < 30
Sell Signal: RSI > 70
5. Visualization of Buy/Sell Signals
On the chart:
Buy signals are indicated with a green "Buy" label.
Sell signals are marked with a red "Sell" label.
These visualizations help you make quick and easy decisions.
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Levels Shown on the Chart
1. Dynamic Risk Levels
Long Risk Level (Green Line): Indicates the safe level for buying positions.
Short Risk Level (Red Line): Indicates the safe level for selling positions.
2. Buy and Sell Levels
Buy Level (Blue Line): Indicates the long-term low closing level.
Sell Level (Orange Line): Indicates the long-term high closing level.
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How to Use?
1. Long Trading Strategy:
A "Buy" signal is generated when the price goes below the long risk level and then goes above it again and RSI < 30.
2. Short Trading Strategy:
A "Sell" signal is generated when the price goes above the short risk level and then goes below it again and RSI > 70.
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Conclusion
This indicator supports volatility-based risk management by adapting to the dynamic structure of the market and also provides reliable buy/sell signals. The Dynamic Risk Levels and Buy/Sell Text indicator is an ideal tool for investors who want to create a simple and effective trading strategy.
Using this indicator on the TradingView platform, you can make more informed decisions and better manage your risks.
Remember: No indicator is 100% accurate; always analyze market conditions carefully and pay attention to risk management.
Buyside & Sellside Liquidity and FOMO & PANİK]We Added Advanced Features to LuxAlgo’s Buy-Side and Sell-Side Liquidity Indicator
Buy-Side and Sell-Side Liquidity (Liquidity Hunt) indicators are an important tool for understanding market maker manipulations and analyzing price movements in high-volume areas. This indicator from LuxAlgo allows users to better evaluate the market’s liquidity flow. However, we have made some strategic improvements and additions to further enhance the functionality of this powerful tool.
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Features We Added to the Indicator
1. Liquidity Threshold and Analysis by Time Frames
The user can analyze liquidity movements in different time frames by determining short, medium and long-term periods.
Thanks to the Liquidity Threshold (%) parameter, long (buy) and short (sell) levels are determined according to price change rates.
Volume threshold controls are applied for each period and only high volume movements are taken into account.
2. Detection of Long and Short Liquidity Zones
Buy-Side (Long) Liquidity Zones: Long entry levels below the price are determined and reaction signals are created when the price reaches this level.
Sell-Side (Short) Liquidity Zones: Short entry levels above the price are determined and the levels are visualized on the chart.
These zones are used to detect market maker manipulations in places where liquidity traps may occur.
3. Coloring of High Volume Candles
With volume analysis, high volume candles are marked with different colors to observe the dynamics of price movements more clearly.
For example, candles exceeding volume threshold levels are highlighted with distinct colors such as white, yellow or blue.
4. Analysis of Wick and Volume-Based Long/Short Traps
Long trap and short trap traps are detected based on the length ratios of candle shadows (wick), ATR (Average True Range) and volume change.
These traps are clearly marked on the chart and supported by market psychology signals such as FOMO (fear of missing out) and Panic to the user.
5. Proximity to Liquidity Zones and Alarm Systems
We have added an algorithm that measures how close the price is to the specified liquidity zones. In this way:
Price movements that are less than 2% away from the upper liquidity zone are analyzed.
The same methodology is used for proximity to the middle liquidity zone and lower liquidity zone.
The user is warned when a long trap or short trap occurs with the alarm system.
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FOMO and Panic Algorithm
These updates include additional parameters to analyze investor psychology:
FOMO (Fear of Missing Out):
A FOMO signal is generated when the RSI level is high, the price is near the upper or middle liquidity zones, and sudden price/volume increases are seen.
This signal allows the investor to avoid making unconscious purchases.
Panic:
A panic signal is triggered when the RSI level is low, the price is near the lower or middle liquidity zones, and sudden decreases are seen.
This is designed to prevent investors from selling hastily.
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Benefits of the Developments
1. Prevention of Manipulations:
Price movements are analyzed according to liquidity zones, aiming to protect investors against market maker manipulations.
2. Stronger Strategy with Reaction Levels:
Visualization of long and short liquidity zones provides more reliable signals in trading strategies.
3. Understanding Psychological Barriers:
The impact of investor behavior on the market is better analyzed with FOMO and Panic signals.
4. Advanced Filtering Based on Volume and Volatility:
Volume and volatility analysis minimizes false signals.
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Conclusion
With these updates, LuxAlgo’s original Buy-Side & Sell-Side Liquidity indicator has been made a more powerful tool. Users can make more informed trades by identifying important levels that market makers may target. Combining multiple variables such as volume, liquidity, RSI and psychological barriers, this system provides a more robust analysis, especially in the cryptocurrency market.
Predictive Ranges [LuxAlgo] with BTC/USDT.D AnalysisIn this article, we will take a detailed look at how to customize the LuxAlgo Predictive Ranges indicator used in TradingView, how to make it more useful, and how to integrate additional functions. This indicator is a powerful analysis tool used specifically to predict movements in the BTC/USDT pair and generate buy-sell signals.
1. What is LuxAlgo Predictive Ranges?
The Predictive Ranges indicator developed by LuxAlgo predicts potential buy and sell zones based on the averages and volatility of the price over a certain period of time. This shows how much the price can fluctuate within a certain range and which zones it can move towards. Ranges usually cover two main areas, the upper and lower limits, and provide information on how the price movement will shape between these limits.
2. Extra Features and Enhancements
The above Pine Script code builds on LuxAlgo’s core Predictive Ranges functionality and adds a few important enhancements:
2.1. Comparing BTC and USDT Dominance Ranges
While the original LuxAlgo indicator only works on a specific asset, this customized version also makes predictions on the BTC/USDT pair as well as the USDT market dominance (USDT.D). This way, it is possible to understand how BTC is positioned against the general market movements.
Checking if BTC is in the Upper and Lower Zones: Buy and sell signals are generated based on whether the price of BTC is in the upper or lower zones within certain ranges.
Checking if USDT.D is in the Upper and Lower Zones: Similarly, the market dominance of USDT is also analyzed using these ranges.
The comparison between these two assets allows for more reliable signals to be generated based on market conditions. For example, when the BTC price is in the lower range and USDT.D is in the upper range, this could signal a BTC buying opportunity.
2.2. Fibonacci Levels
Fibonacci levels are widely used to predict potential retracements or bounces in price action. In this indicator, various Fibonacci levels are calculated between the prR2 and prS2 levels. This provides additional guidance for traders on where the price could retrace or bounce.
Fibonacci Levels:
13% (Fib13)
23% (Fib23)
38% (Fib38)
61% (Fib61)
70% (Fib70)
79% (Fib79)
86% (Fib86)
100% (Fib100)
These Fibonacci levels are used to predict potential support and resistance levels in price action.
2.3. RSI and Volume Analysis
RSI (Relative Strength Index) is an oscillator widely used to determine whether the price is overbought or oversold. Another important feature of this indicator is that it can analyze the strength of price movements with the RSI Period and Volume Coefficient settings. Volume analysis in particular provides additional information on whether a movement is sustainable or not. If the volume exceeds the average volume, this usually indicates that the price movement is strong.
RSI values are also calculated in different time frames (15 minutes, 30 minutes, 1 hour, 4 hours, 1 day), helping traders understand short-term and long-term market forces. In addition, the upper and lower threshold values of the RSI are determined, allowing for more clear monitoring of overbought and oversold conditions.
2.4. Indicators and Alarm Conditions on the Chart
The following features have been added to the chart regarding RSI and trend strength:
Rising Strength: The RSI value and the general condition of the price create signals that the trend is rising.
Falling Strength: Similarly, when the RSI value is low and the price is moving down, signals indicating a bearish trend are generated.
Buy and sell signals are generated only when BTC and USDT.D are in opposite zones. This ensures more accurate and reliable signals.
3. Custom Customizations for Users
This indicator can be customized according to the different analysis needs of users:
Length and Factor: Length and Mult factors are used to adjust the sensitivity of the indicator. This is important for customizing the trading strategy.
Timeframe Options: Users can analyze BTC and USDT.D in different timeframes.
RSI and Volume Settings: RSI period, upper and lower thresholds, and volume coefficient can be set by the user.
4. Alarm Conditions
Users can set the following alarm conditions to receive an alarm when certain conditions occur:
Buy Alarm: Triggered when BTC is in the buy zone and USDT.D is in the sell zone.
Sell Alert: Triggered when BTC is in the sell zone and USDT.D is in the buy zone.
Trend Strength Alerts: Rising or falling strength alerts with RSI value and volume.
Conclusion
LuxAlgo's Predictive Ranges indicator is a great way to predict market movements
Price Action BoxGeneral Purpose:
This indicator determines the swing high and swing low levels in a given period and draws supply and demand zones based on these levels. It also adds BOS (Break of Structure) signals in case these zones are broken.
Code Detailing:
1. Settings and User Inputs:
Swing High/Low Length: The period used to determine the swing high and low levels. This can be set by the user.
History To Keep: Specifies the number of supply and demand zones in the past in the indicator.
Supply/Demand Box Width: The width of the supply and demand boxes, i.e. how much width will be left according to the ATR (Average True Range).
Visual Settings: Settings for colors and labels to customize the indicator.
2. Functions:
f_array_add_pop: Adds a new value and removes the oldest value from the array. This function is used to store a certain number of data.
f_sh_sl_labels: Adds labels to swing highs and lows. These labels are labels that indicate price action, such as "HH", "HL", "LH", "LL".
f_check_overlapping: Before drawing a new demand or supply zone, it checks if it overlaps with existing zones. If there is an overlap, a new zone is not drawn.
f_supply_demand: Draws supply and demand zones. This function determines the upper and lower limits of the supply and demand levels and draws a box.
f_sd_to_bos: If the supply or demand zone is broken, it changes the zone to "BOS" (Break of Structure).
f_extend_box_endpoint: Updates the existing supply and demand boxes, extending their right borders to the next bar index.
3. Calculations:
ATR (Average True Range): Used to measure price volatility. This is the value used as the basis for determining the size of supply and demand boxes.
Swing High and Swing Low: Swing highs and lows are calculated using the highest and lowest prices over a given period.
Box Array and POI (Point of Interest): A collection of drawn supply and demand boxes and the levels of interest found within these boxes.
4. Main Calculations and Actions:
New Swing High or Swing Low Formation: If a new swing high or low is formed, these levels are recorded and demand or supply zones are drawn.
Break of Structure (BOS): If price breaks the supply or demand zone, it marks the zone as "BOS".
Extension of Boxes: Supply and demand boxes are continuously extended according to the current bar index.
Visual Features:
Supply and Demand Zones: Supply zones are drawn in red and demand zones in green. A border color is also specified around the zones.
POI Labels: A POI (Point of Interest) label is displayed in the middle of each supply and demand zone.
BOS Labels: BOS label is added above broken supply or demand zones.
Customization with User Inputs:
Show Price Action Labels: An option to set the visibility of price action labels. These labels indicate swing highs and lows.
Different Color and Size Options: Colors for supply and demand zones and colors for POI labels can be customized by the user.
Conclusion:
This Pine Script™ provides a comprehensive tool to monitor supply and demand zones in the market, identify important price levels and analyze price movements in these zones. Based on classic price action methods, it detects supply and demand zones as well as breakouts of these zones.
Supply & Demand Zone AnalyzerTradingView Publication Article: "Supply & Demand Zone Analyzer"
Title:
"Supply & Demand Zone Analyzer: Master Support and Resistance with Precision"
Introduction:
Support and resistance zones are the cornerstone of technical analysis in trading. These zones help identify where price movements may pause or reverse. The Supply & Demand Zone Analyzer is a powerful indicator designed to dynamically detect these critical areas while offering insights into potential breakouts.
In this article, we'll explore how the indicator works, its features, and how to make the most of it.
Features:
Dynamic Support and Resistance Zones:
Automatically plots supply (resistance) and demand (support) zones based on swing highs and swing lows.
Visually highlights these zones directly on your chart.
Breakout Detection:
Identifies when price breaks above a resistance zone or below a support zone.
Displays "Broken Supply" or "Broken Demand" labels for clear recognition.
Customizable Colors and Labels:
Adjust the colors of support, resistance, broken zones, and labels to match your charting style.
Add descriptive text inside the zones.
Proximity Filtering:
Prevents overlapping or closely spaced zones for a cleaner, more interpretable chart.
Fixed Text Size:
Labels inside zones maintain a consistent size, unaffected by chart zooming.
How to Use:
Add the Indicator to Your Chart:
Search for "Supply & Demand Zone Analyzer" on TradingView.
Click "Add to Chart" to enable the indicator.
Adjust Parameters:
Swing Length: Sets the number of candles used to define swing highs and lows.
ATR Period: Configures the period for ATR-based zone width calculation.
Minimum Distance: Defines the minimum distance between zones to avoid overlapping.
Show Broken Zones: Choose whether to display or hide broken support and resistance zones.
Customize Colors:
Modify the default colors for supply, demand, and broken zones in the settings.
Technical Details:
Written in Pine Script, TradingView's proprietary scripting language.
Uses ATR (Average True Range) for dynamic zone width calculation.
Automatically extends zones until they are invalidated by a breakout or removed by proximity filtering.
Who Should Use This?
Beginner Traders:
Learn and visualize critical support and resistance areas easily.
Experienced Traders:
Gain deeper insights with breakout detection and advanced filtering.
Swing and Scalping Traders:
Quickly identify high-probability reversal or breakout zones for short- and medium-term trading.
Example Chart:
(Attach a screenshot of the indicator applied to a chart.)
Conclusion:
The Supply & Demand Zone Analyzer takes the guesswork out of identifying support and resistance. With its user-friendly interface, customizable options, and breakout detection, this indicator is perfect for traders of all experience levels.
Try it out today via our TradingView page and share your feedback or suggestions. Let's master the markets together!
Extra Tips for Publication:
Include backtest results or strategy examples to showcase the indicator's utility.
Highlight practical use cases, like combining the zones with other indicators (e.g., RSI or volume).
Market Structure Break with Retest (Multi-timeframe)Introduction
Analyzing market structure breakouts (MSB) is extremely important, especially for determining trend reversal points. This Pine Script™ detects MSB points in a given time frame and visualizes potential retest zones. It also creates boxes and labels to support buy-sell decisions in these zones.
This script aims to simplify the market analysis process for both beginners and advanced users.
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Features
1. Timeframe Selection: The user can specify the timeframe he/she wants to analyze.
2. Highs and Lows: Dynamically calculates the highest and lowest prices in the specified time frame.
3. Market Structure Breakout (MSB):
"Bullish Break" when the price exceeds the previous high.
"Bearish Break" when the price falls below the previous low.
4. Retest Zones: Checks whether the price has returned to these levels after the MSB and labels these areas.
5. Visualization:
Draws boxes for breakout zones.
Marks retest points with dynamic labels.
6. Customizability: The user can customize the colors of the boxes, line thickness and analysis period.
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Areas of Use
Support and Resistance Detection: Ideal for analyzing how the price moves in important support and resistance zones.
Capturing Trend Reversals: Can be used to detect the starting points of uptrends and downtrends.
Retest Strategies: Supports trading decisions by observing the price return to these levels after the breakout.
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Code Logic
1. Highest and Lowest Prices in Timeframe:
Calculates the highest and lowest prices in the specified timeframe according to the length parameter.
2. Breakout Detection:
Check if the price has broken past the previous high or low.
3. Box and Labels:
Boxes are dynamically created after the breakout.
Labels appear in the retest zones:
4. Customization: User can easily adjust box colors, line thickness and analysis period:
Customize the analysis period and colors according to your own trading strategy.
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Conclusion
This script helps you optimize your trading strategies by visualizing market structure breakouts and retest zones. It offers a powerful analysis tool with dynamic structure and customizable settings suitable for timeframes.
Start using this tool now to develop new strategies in TradingView and make more informed trading decisions!
