StatPivot- Dynamic Range Analyzer - indicator [PresentTrading]Hello everyone! In the following few open scripts, I would like to share various statistical tools that benefit trading. For this time, it is a powerful indicator called StatPivot- Dynamic Range Analyzer that brings a whole new dimension to your technical analysis toolkit.
This tool goes beyond traditional pivot point analysis by providing comprehensive statistical insights about price movements, helping you identify high-probability trading opportunities based on historical data patterns rather than subjective interpretations. Whether you're a day trader, swing trader, or position trader, StatPivot's real-time percentile rankings give you a statistical edge in understanding exactly where current price action stands within historical contexts.
Welcome to share your opinions! Looking forward to sharing the next tool soon!
█ Introduction and How it is Different
StatPivot is an advanced technical analysis tool that revolutionizes retracement analysis. Unlike traditional pivot indicators that only show static support/resistance levels, StatPivot delivers dynamic statistical insights based on historical pivot patterns.
Its key innovation is real-time percentile calculation - while conventional tools require new pivot formations before updating (often too late for trading decisions), StatPivot continuously analyzes where current price stands within historical retracement distributions.
Furthermore, StatPivot provides comprehensive statistical metrics including mean, median, standard deviation, and percentile distributions of price movements, giving traders a probabilistic edge by revealing which price levels represent statistically significant zones for potential reversals or continuations. By transforming raw price data into statistical insights, StatPivot helps traders move beyond subjective price analysis to evidence-based decision making.
█ Strategy, How it Works: Detailed Explanation
🔶 Pivot Point Detection and Analysis
The core of StatPivot's functionality begins with identifying significant pivot points in the price structure. Using the parameters left and right, the indicator locates pivot highs and lows by examining a specified number of bars to the left and right of each potential pivot point:
Copyp_low = ta.pivotlow(low, left, right)
p_high = ta.pivothigh(high, left, right)
For a point to qualify as a pivot low, it must have left higher lows to its left and right higher lows to its right. Similarly, a pivot high must have left lower highs to its left and right lower highs to its right. This approach ensures that only significant turning points are recognized.
🔶 Percentage Change Calculation
Once pivot points are identified, StatPivot calculates the percentage changes between consecutive pivot points:
For drops (when a pivot low is lower than the previous pivot low):
CopydropPercent = (previous_pivot_low - current_pivot_low) / previous_pivot_low * 100
For rises (when a pivot high is higher than the previous pivot high):
CopyrisePercent = (current_pivot_high - previous_pivot_high) / previous_pivot_high * 100
These calculations quantify the magnitude of each market swing, allowing for statistical analysis of historical price movements.
🔶 Statistical Distribution Analysis
StatPivot computes comprehensive statistics on the historical distribution of drops and rises:
Average (Mean): The arithmetic mean of all recorded percentage changes
CopyavgDrop = array.avg(dropValues)
Median: The middle value when all percentage changes are arranged in order
CopymedianDrop = array.median(dropValues)
Standard Deviation: Measures the dispersion of percentage changes from the average
CopystdDevDrop = array.stdev(dropValues)
Percentiles (25th, 75th): Values below which 25% and 75% of observations fall
Copyq1 = array.get(sorted, math.floor(cnt * 0.25))
q3 = array.get(sorted, math.floor(cnt * 0.75))
VaR95: The maximum expected percentage drop with 95% confidence
Copyvar95D = array.get(sortedD, math.floor(nD * 0.95))
Coefficient of Variation (CV): Measures relative variability
CopycvD = stdDevDrop / avgDrop
These statistics provide a comprehensive view of market behavior, enabling traders to understand the typical ranges and extreme moves.
🔶 Real-time Percentile Ranking
StatPivot's most innovative feature is its real-time percentile calculation. For each current price, it calculates:
The percentage drop from the latest pivot high:
CopycurrentDropPct = (latestPivotHigh - close) / latestPivotHigh * 100
The percentage rise from the latest pivot low:
CopycurrentRisePct = (close - latestPivotLow) / latestPivotLow * 100
The percentile ranks of these values within the historical distribution:
CopyrealtimeDropRank = (count of historical drops <= currentDropPct) / total drops * 100
This calculation reveals exactly where the current price movement stands in relation to all historical movements, providing crucial context for decision-making.
🔶 Cluster Analysis
To identify the most common retracement zones, StatPivot performs a cluster analysis by dividing the range of historical drops into five equal intervals:
CopyrangeSize = maxVal - minVal
For each interval boundary:
Copyboundaries = minVal + rangeSize * i / 5
By counting the number of observations in each interval, the indicator identifies the most frequently occurring retracement zones, which often serve as significant support or resistance areas.
🔶 Expected Price Targets
Using the statistical data, StatPivot calculates expected price targets:
CopytargetBuyPrice = close * (1 - avgDrop / 100)
targetSellPrice = close * (1 + avgRise / 100)
These targets represent statistically probable price levels for potential entries and exits based on the average historical behavior of the market.
█ Trade Direction
StatPivot functions as an analytical tool rather than a direct trading signal generator, providing statistical insights that can be applied to various trading strategies. However, the data it generates can be interpreted for different trade directions:
For Long Trades:
Entry considerations: Look for price drops that reach the 70-80th percentile range in the historical distribution, suggesting a statistically significant retracement
Target setting: Use the Expected Sell price or consider the average rise percentage as a reasonable target
Risk management: Set stop losses below recent pivot lows or at a distance related to the statistical volatility (standard deviation)
For Short Trades:
Entry considerations: Look for price rises that reach the 70-80th percentile range, indicating an unusual extension
Target setting: Use the Expected Buy price or average drop percentage as a target
Risk management: Set stop losses above recent pivot highs or based on statistical measures of volatility
For Range Trading:
Use the most common drop and rise clusters to identify probable reversal zones
Trade bounces between these statistically significant levels
For Trend Following:
Confirm trend strength by analyzing consecutive higher pivot lows (uptrend) or lower pivot highs (downtrend)
Use lower percentile retracements (20-30th percentile) as entry opportunities in established trends
█ Usage
StatPivot offers multiple ways to integrate its statistical insights into your trading workflow:
Statistical Table Analysis: Review the comprehensive statistics displayed in the data table to understand the market's behavior. Pay particular attention to:
Average drop and rise percentages to set reasonable expectations
Standard deviation to gauge volatility
VaR95 for risk assessment
Real-time Percentile Monitoring: Watch the real-time percentile display to see where the current price movement stands within the historical distribution. This can help identify:
Extreme movements (90th+ percentile) that might indicate reversal opportunities
Typical retracements (40-60th percentile) that might continue further
Shallow pullbacks (10-30th percentile) that might represent continuation opportunities in trends
Support and Resistance Identification: Utilize the plotted pivot points as key support and resistance levels, especially when they align with statistically significant percentile ranges.
Target Price Setting: Use the expected buy and sell prices calculated from historical averages as initial targets for your trades.
Risk Management: Apply the statistical measurements like standard deviation and VaR95 to set appropriate stop loss levels that account for the market's historical volatility.
Pattern Recognition: Over time, learn to recognize when certain percentile levels consistently lead to reversals or continuations in your specific market, and develop personalized strategies based on these observations.
█ Default Settings
The default settings of StatPivot have been carefully calibrated to provide reliable statistical analysis across a variety of markets and timeframes, but understanding their effects allows for optimal customization:
Left Bars (30) and Right Bars (30): These parameters determine how pivot points are identified. With both set to 30 by default:
A pivot low must be the lowest point among 30 bars to its left and 30 bars to its right
A pivot high must be the highest point among 30 bars to its left and 30 bars to its right
Effect on performance: Larger values create fewer but more significant pivot points, reducing noise but potentially missing important market structures. Smaller values generate more pivot points, capturing more nuanced movements but potentially including noise.
Table Position (Top Right): Determines where the statistical data table appears on the chart.
Effect on performance: No impact on analytical performance, purely a visual preference.
Show Distribution Histogram (False): Controls whether the distribution histogram of drop percentages is displayed.
Effect on performance: Enabling this provides visual insight into the distribution of retracements but can clutter the chart.
Show Real-time Percentile (True): Toggles the display of real-time percentile rankings.
Effect on performance: A critical setting that enables the dynamic analysis of current price movements. Disabling this removes one of the key advantages of the indicator.
Real-time Percentile Display Mode (Label): Chooses between label display or indicator line for percentile rankings.
Effect on performance: Labels provide precise information at the current price point, while indicator lines show the evolution of percentile rankings over time.
Advanced Considerations for Settings Optimization:
Timeframe Adjustment: Higher timeframes generally benefit from larger Left/Right values to identify truly significant pivots, while lower timeframes may require smaller values to capture shorter-term swings.
Volatility-Based Tuning: In highly volatile markets, consider increasing the Left/Right values to filter out noise. In less volatile conditions, lower values can help identify more potential entry and exit points.
Market-Specific Optimization: Different markets (forex, stocks, commodities) display different retracement patterns. Monitor the statistics table to see if your market typically shows larger or smaller retracements than the current settings are optimized for.
Trading Style Alignment: Adjust the settings to match your trading timeframe. Day traders might prefer settings that identify shorter-term pivots (smaller Left/Right values), while swing traders benefit from more significant pivots (larger Left/Right values).
By understanding how these settings affect the analysis and customizing them to your specific market and trading style, you can maximize the effectiveness of StatPivot as a powerful statistical tool for identifying high-probability trading opportunities.
Điểm Pivot và cấp độ
[NLR] - SweetSpot ZonesThe Sweet Spot Zone helps you find the best spots to enter a trade, inspired by the " Follow Line Indicator " by Dreadblitz (big thanks to him!). It draws a colored zone on your chart to show ideal entry points, with a Base Point to keep you on track.
What It Does
Blue Zone: Uptrend—buy when the price dips into the zone.
Red Zone: Downtrend—sell or short when the price climbs into the zone.
Base Point: A gray line showing the key level the zone is built on.
How to Use It
Look for the colored zone:
- Blue: Buy if the price dips into the zone but stays above the Base Point.
- Red: Sell/short if the price climbs into the zone but stays below the Base Point.
Important: Avoid entering trade beyond base point - you might see low returns and face big drawdowns.
Confirm with other signals (like RSI/MACD) before entering.
Settings
ATR Length (10): How far back it looks to calculate price movement.
ATR Multiplier (2.5): How wide the zone is.
Error Margin (5.0): Keeps the zone steady during small price wiggles.
Uptrend/Downtrend Colors: Change the zone colors if you’d like!
Credits
Inspired by the "Follow Line Indicator" by Dreadblitz—check out his work for more great ideas!
Trade The Fear - Ultimate with Multi Kernel RegressionTrade The Fear - Ultimate with Multi Kernel Regression (TTF - Ultimate MKR)
Overview
"Trade The Fear - Ultimate with Multi Kernel Regression" is a powerful, all-in-one technical analysis tool designed to help traders identify key market dynamics: support/resistance levels, breakouts, retests, reversals, trend signals, and consolidation zones. Built with a unique Multi Kernel Regression (MKR) engine, this indicator combines precision trend analysis with actionable visual cues, making it ideal for traders seeking to navigate both trending and ranging markets.
Key Features
Support and Resistance Zones with Break/Retest Detection
How It Works: Identifies pivot highs (resistance) and pivot lows (support) using a customizable lookback period (default: 20 bars). These levels are drawn as colored boxes (red for support, teal for resistance).
Breakouts: Signals when price crosses below support or above resistance, with optional labels ("Break" or "Br").
Retests: Detects when price returns to test these levels after a breakout, marking potential retest zones ("Retest" or "Re").
Customization: Adjust lookback, breakout/retest timing, and repainting modes (On, Candle Confirmation, High/Low) to suit your trading style.
Reversal and Breakout Signals
How It Works: Uses Weighted Moving Averages (WMA) over a specified period (default: 20) to spot reversals and breakouts.
Reversals: Triangles (green up for bullish, red down for bearish) appear when price rejects key levels, indicating potential reversals.
Breakouts: Diamonds (yellow) mark strong breakout moves, confirmed by volume thresholds (default: 2x average).
Trend Coloring: Candles turn green (bullish) or red (bearish) during confirmed trends, with a Hull Moving Average (HMA) overlay for trend tracking.
Multi Kernel Regression (MKR) Trend Engine
How It Works: A sophisticated regression model smooths price data using a selectable kernel (e.g., Laplace, Gaussian, 17 options total) and bandwidth (default: 14).
Repaint Mode: Plots as a cross, dynamically updating with a smoothing factor (default: 0.5) to reduce noise. Buy (green triangle) and sell (red triangle) signals trigger on significant trend shifts (delta threshold: 0.1%), with a cooldown (default: 3 bars) to prevent false signals.
Non-Repaint Mode: Plots as a line, using crossovers for signals, ideal for backtesting or confirmation.
Extras: Optional deviation bands (default: 2.0) provide volatility context.
Consolidation Boxes
How It Works: Detects low-volatility periods using Bollinger Band width (20-bar SMA, 2.0 StdDev). When the band width narrows (threshold multiplier: 1.1x lowest width), a yellow box highlights the consolidation zone from start to end, capturing the high and low of the range.
Purpose: Spot potential breakout setups or ranging markets with ease.
How to Use
Trend Trading: Watch the MKR signal for buy/sell cues, confirmed by breakout diamonds or trend-colored candles. Use deviation bands to gauge volatility.
Range Trading: Leverage support/resistance boxes and retest signals for entries/exits. Consolidation boxes signal when price is coiling for a move.
Reversal Plays: Act on triangle signals near key levels, especially when aligned with MKR direction shifts.
Settings: Tweak lookback periods, smoothing, thresholds, and cooldowns to match your timeframe and risk tolerance. Enable/disable features like retests or consolidation boxes as needed.
Alerts
Set up alerts for:
New support/resistance levels
Breakouts and retests
Reversals and breakouts
MKR buy/sell signals
Consolidation start/end
Why It’s Unique
This indicator merges traditional price action (pivots, breakouts) with advanced regression analysis (MKR) and volatility detection (consolidation boxes), offering a holistic view of market behavior. Whether you’re a scalper, swing trader, or long-term investor, "Trade The Fear - Ultimate MKR" equips you with the tools to trade fearlessly.
Nifty Indices ScalpApply only for Nifty Options charts.
This script is a multi-component trading indicator for TradingView, incorporating various trading techniques and visualization tools. Here's a breakdown of its major sections:
1. User Inputs & Settings
Users can toggle different features like SuperTrend, Reversal Signals, PSAR-based Bar Coloring, and Z-score Bar Coloring.
Allows selection of calculation basis for Buy/Sell levels from today's open, previous day’s high/low/close.
Configurable line style, label size, and label position.
2. Gann-Based Buy/Sell Levels
Calculates Gann-style price levels based on the selected price reference (Todays Open, Previous Day High, etc.).
Uses the square root of the chosen price reference to derive different levels (support, buy levels, targets).
Plots these levels using lines and labels.
3. Daily Open Line
Plots the daily open as a white-dotted line.
4. Reversal System
Uses a 10-period EMA (Exponential Moving Average) to identify reversal signals:
A Signal Candle is a candle that does not touch the EMA.
A Confirmation Candle is one that touches the EMA after the signal candle.
If a confirmation candle appears, it marks a potential trend reversal.
Plots buy/sell triangles and stop-loss lines for reversal trades.
5. PSAR-Based Bar Coloring
Implements three different PSAR (Parabolic SAR) values with different acceleration factors.
Bars are colored purple for bullish trends and blue for bearish trends if all three PSAR values confirm the direction.
7. Z-Score Calculation (Partially Cut Off)
A Z-score function is included but seems to be used for weighting calculations.
ICT Sessions And Range Breakout [ADB]great indicator for ict traders. help you to set your own range area and breakout levels
Previous Day High/Low ZonesFor the high zone:
The top of the box is the previous day's high (the wick of the candle that reached the highest price).
The bottom of the box is the top of the body of the next 15-minute candle that closes after the high-of-day candle.
For the low zone:
The bottom of the box is the previous day's low (the wick of the candle that reached the lowest price).
The top of the box is the bottom of the body of the next 15-minute candle that closes after the low-of-day candle.
Strong Levels (with Proximity Alerts)█ OVERVIEW
The "Strong Levels (with Proximity Alerts)" indicator offers a fresh approach to identifying support and resistance levels, inspired by the RexDog Trading System (RDTS). It pinpoints significant price reversals using a unique filtering method that reduces noise and enhances reliability. Paired with customizable ATR-based proximity alerts, this indicator empowers traders to track critical price zones with precision.
█ FEATURES
- Rooted in RDTS :
Inspired by the RexDog Trading System (RDTS), it highlights major pivot points where price executed sharp turnarounds, ensuring levels carry true market weight.
- Second-Highest/Lowest Open/Close Method :
Resistance levels use the *second-highest open/close* near pivot highs, while support levels use the *second-lowest open/close* near pivot lows—skipping extreme wicks for cleaner, more dependable lines.
- ATR-Driven Proximity Alerts :
Customizable proximity thresholds, calculated using the Average True Range (ATR), warn traders when price approaches key levels—a standout feature not found in most support/resistance indicators.
- Flexible Customization :
- Magnitude : Tweak pivot sensitivity (default: 10).
- Line Colors : Set resistance (red by default), support (green), and proximity (yellow) lines.
- Line Options : Adjust line origins, transparency for breached levels, and the maximum number of levels shown.
- ATR Settings : Fine-tune proximity sensitivity with ATR length and multiplier.
█ HOW TO USE
1. Add to Chart :
Find "Strong Levels (with Proximity Alerts)" in TradingView’s indicator library and apply it.
2. Read the Lines :
- Red Lines : Resistance, derived from the second-highest open/close near pivot highs.
- Green Lines : Support, based on the second-lowest open/close near pivot lows.
- Yellow Dashed Lines : Proximity thresholds (optional), signaling when price nears a level.
3. Customize :
- Raise `Magnitude` for stronger levels or lower it for more detail.
- Adjust colors, transparency, and max levels to fit your preferences.
- Toggle proximity thresholds on/off based on your trading style.
- Enabling *Plot Line from Actual Pivot Bar* offers a cleaner chart but may mislead as lines plot into the past.
4. Set Alerts :
- Open TradingView’s alert menu (the three dots ... dropdown menu next in indicator list has an option "Add alert on ...") and choose "Approaching Level" or "Level Touched.".
- Don't forget to choose the right Trigger condition, which by default is "Only Once". I usually set it to "Once Per Bar".
- Tailor alert conditions to your needs.
█ LIMITATIONS
- Past-Based Levels :
- Relying on historical pivots, it may not always forecast future moves, especially in rapid markets.
- The 'Plot Line from Actual Pivot Bar' option while visually appealing can imply historical significance that didn’t exist at the time. Be mindful of that.
- Volatility Sensitivity :
High volatility widens ATR-based thresholds, which might trigger alerts too soon.
- Display Management :
A cap on max levels avoids clutter, but tweaking `Max Levels` may be needed across timeframes.
█ ACCOMPANYING CHART
The chart showcases the indicator’s unique edge:
- A pivot high and low are flagged, with nearby bars highlighted.
- Resistance is plotted at the *second-highest open/close* around the pivot high, bypassing the highest wick.
- Support is set at the *second-lowest open/close* near the pivot low, ignoring the deepest wick.
- Yellow dashed proximity lines illustrate how the indicator warns traders as price nears these zones.
- Annotations clarify how skipping extreme wicks creates cleaner, more actionable levels.
█ HOW TO USE
1. Add to Chart :
Locate "Strong Levels (with Proximity Alerts)" in TradingView’s indicator library and apply it to your chart.
2. Read the Lines :
- Red Lines**: Resistance levels, calculated from the second-highest open/close near pivot highs.
- Green Lines : Support levels, derived from the second-lowest open/close near pivot lows.
- Yellow Dashed Lines : Optional proximity thresholds, alerting you when price nears a level.
3. Customize :
- Increase `Magnitude` for stronger, less frequent levels or decrease it for more granularity.
- Modify colors, transparency, or the maximum number of levels to suit your style.
- Enable or disable proximity thresholds as needed.
4. Set Alerts :
- Access TradingView’s alert menu and select "Approaching Level" or "Level Touched."
- Adjust conditions to match your trading preferences.
5. My Personal Approach :
I prefer using this indicator on higher timeframes, like hourly or daily charts. I adjust my `Magnitude`, so it doesn't trigger too often and set my alerts to trigger "Once Per Bar". When price nears a level, I get an alert and I anticipate a reaction but avoid placing limit orders blindly. Instead, I switch to smaller timeframes and combine it with other tools for confirmation before making a trade. This saves me a lot of screen time, and allows me to focus when it matters.
Bim EMA 35 NavigatorBim EMA 35 Navigator
The Bim EMA 35 Navigator is a powerful trend-following and pullback-based trading indicator designed to help traders identify key buy and sell opportunities using the Exponential Moving Average (EMA 35).
Key Features:
✅ EMA 35 Trend Detection – The EMA line changes color: Green for an uptrend and Red for a downtrend.
✅ Buy & Sell Alerts – Generates alerts when price crosses above or below the EMA 35.
✅ Pullback Detection – Identifies pullbacks to the EMA within a trend, providing additional trade opportunities.
✅ Customizable Parameters – Users can fine-tune pullback thresholds and confirmation candles.
How It Works:
Trend Confirmation: The EMA 35 helps determine whether the market is in an uptrend or downtrend.
Entry Signals: A buy signal appears when price crosses above the EMA in an uptrend, and a sell signal appears when price crosses below the EMA in a downtrend.
Pullback Opportunities: Detects pullbacks to the EMA and confirms them with recent price action, making it easier to enter trades at better prices.
This indicator is ideal for traders looking to follow trends while also capitalizing on pullback entries. It works well across multiple timeframes and asset classes, including stocks, forex, and crypto.
🚀 Use the Bim EMA 35 Navigator to refine your strategy and improve your trade timing!
ATH Pullback Levels with AlertsThe following identifies the following levels:
1. Correction - 10% Pullback from ATH
2. Midpoint - 15% Pullback from ATH
3. Bear Market - 20% Pullback from ATH
Monthly S/R ZonesIdentifies support and resistance zones based off the number of times an area has been tested.
Horizontal EMADesigned to plot a horizontal Exponential Moving Average (EMA) line on a TradingView chart. The script allows users to specify the period and source for the EMA calculation. The line remains fixed at the calculated EMA value, providing a visual reference for the trend over the specified period. The script uses version 5 of Pine Script and draws a blue horizontal line at the EMA value on the chart, updating as new data is available.
DYNAMIC LEVELS PROThis indicator dynamically plots support and resistance levels based on recent price actions, allowing traders to decide when to buy, sell, or hold as the price interacts with these critical zones. It is designed for traders who rely on price structure and breakout or breakdown strategies, simplifying decision-making by highlighting actionable opportunities directly on the chart. These levels are derived from a proprietary formula and price action. When the price stays near the light blue line, you will take action to enter or exit.
If the slow ema (fuchsia colour) is above the very slow ema(black colour) plan for long and vice versa.
In settings, you can add or subtract a correction value, examining how much point the price overshoots the line in early trade. Since it is a minor value, you can avoid it.
another field Range is for future use.
ema values can be changed as per your desirable values.
Reddington light trade### **How to Trade with This Indicator**
1. **HVN and LVN Levels**: The yellow line (HVN) shows a high-volume zone, while the gray line (LVN) indicates a low-volume zone. Pay attention to price behavior near HVN as a key level.
2. **EMA 50 and EMA 200**: The orange line (EMA 50) and blue line (EMA 200) help identify the market direction. Note their positions relative to each other.
3. **"Sharp Angle" Triangles**: A green triangle below the bar signals a sharp rise in EMA 50, while a red triangle above the bar indicates a sharp drop. Use them to spot potential reversals.
4. **Signals**: A small green triangle below the bar suggests a potential buy, while a small red triangle above the bar suggests a potential sell. Consider them alongside levels and EMA lines.
5. **HVN Zone**: The yellow rectangle around HVN highlights an area where the price might stall or react.
For trading, observe the alignment of signals, levels, and EMA direction to make decisions. Alerts will help you stay on top of key moments.
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### **Disclaimer**
This indicator is provided for informational purposes only and does not constitute financial advice. Trading involves risks, and past performance is not indicative of future results. Always conduct your own analysis and consult with a qualified financial professional before making trading decisions. The creators of this indicator are not responsible for any losses or damages resulting from its use.
Multi-Timeframe EMAsThis script is a comprehensive Pine Script indicator for TradingView that combines multi-timeframe EMAs, high/low levels, Camarilla Pivots, and Traditional Pivots. Below is a detailed analysis of its components, functionality, and potential use cases:
1. Overview
The script is designed to provide traders with a multi-faceted view of the market by combining:
Exponential Moving Averages (EMAs) across different timeframes.
High/Low levels for previous day, week, and month.
Camarilla Pivot levels (H3 and L3).
Traditional Pivot levels (Pivot, R1, R2, S1, S2).
It is highly customizable, allowing users to toggle the visibility of each component.
Parabolic Move ScannerParabolic 10x Mover
Stock Scanner that has a potential for 10x moves when combined with high flow options strategy
VWAP + Fib + Candlestick Pattern Strategy### **VWAP + Fibonacci + Candlestick Pattern Strategy (v6)**
This indicator is designed to identify high-quality trading setups using a combination of **Anchored VWAP, Fibonacci Retracement Levels, and Candlestick Patterns**. It helps traders find optimal entry points where multiple confluences align, enhancing trade accuracy.
### **Key Features:**
✅ **Anchored VWAP** – Starts from the last pivot low (bullish) or pivot high (bearish) to determine trend strength.
✅ **Fibonacci Levels** – Uses key retracement levels (0.382, 0.5, 0.618, 0.786) for added confluence.
✅ **Candlestick Patterns** – Detects Pin Bars, Engulfing Candles, and Hammer Candles for potential reversals.
✅ **High-Quality Setups** – Highlights strong signals where price aligns with VWAP & Fib zones.
✅ **Alerts** – Get notified when a bullish or bearish setup is detected.
✅ **Risk Management** – Includes Take Profit (TP1, TP2, Final TP) & Stop Loss based on ATR.
✅ **Position Sizing** – Calculates position size based on a fixed dollar risk per trade.
### **How to Use:**
1. Apply the indicator to your chart.
2. Look for signals near Fibonacci retracement levels and VWAP.
3. Use alerts for real-time trade notifications.
4. Manage risk with built-in TP/SL and position sizing.
Perfect for traders who use **Price Action & Smart Money Concepts** to refine their entries! 🚀
Nolino Multi-Method Pivot PointsMulti-Method Pivot Points Indicator
This indicator allows traders to plot pivot points on their TradingView charts using multiple calculation methods, providing flexibility and adaptability to various trading strategies.
Key Features:
Calculation Methods: Choose from Classic, Woodie, Camarilla, Fibonacci, and TDMark methods.
Timeframe Selection: Select the timeframe for pivot calculation, including daily, weekly, monthly, or custom periods (e.g., "D", "W", "M", "240").
Visual Clarity: Pivot point (PP) is plotted in blue, support levels in red, and resistance levels in green for easy identification.
Real-Time Updates: Automatically updates based on the latest chart data.
How to Use:
Add the indicator to your chart.
In the settings, select your preferred calculation method and timeframe.
Observe the plotted lines to identify potential support and resistance levels.
This indicator is ideal for traders looking to incorporate pivot points into their technical analysis, offering a comprehensive tool with multiple options to suit different market conditions and personal preferences.
Note: For TDMark's method, the calculation uses the current period's open price in addition to the previous period's data, which might be new if you’re used to other methods.
Volume Order Blocks [BigBeluga]Volume Order Blocks is a powerful indicator that identifies significant order blocks based on price structure, helping traders spot key supply and demand zones. The tool leverages EMA crossovers to determine the formation of bullish and bearish order blocks while visualizing their associated volume and relative strength.
🔵 Key Features:
Order Block Detection via EMA Crossovers:
Plots bullish order blocks at recent lows when the short EMA crosses above the long EMA.
Plots bearish order blocks at recent highs when the short EMA crosses below the long EMA.
Uses customizable sensitivity through the “Sensitivity Detection” setting to fine-tune block formation.
Volume Collection and Visualization:
Calculates the total volume between the EMA crossover bar and the corresponding high (bearish OB) or low (bullish OB).
Displays the absolute volume amount next to each order block for clear volume insights.
Percentage Volume Distribution:
Shows the percentage distribution of volume among bullish or bearish order blocks.
100% represents the cumulative volume of all OBs in the same category (bullish or bearish).
Order Block Removal Conditions:
Bullish order blocks are removed when the price closes below the bottom of the block.
Bearish order blocks are removed when the price closes above the top of the block.
Helps maintain chart clarity by only displaying relevant and active levels.
Midline Feature:
Dashed midline inside each order block indicates the midpoint between the upper and lower boundaries.
Traders can toggle the midline on or off through the settings.
Shadow Trend:
Shadow Trend dynamically visualizes trend strength and direction by adapting its color intensity based on price movement.
🔵 Usage:
Supply & Demand Zones: Use bullish and bearish order blocks to identify key market reversal or continuation points.
Volume Strength Analysis: Compare volume percentages to gauge which order blocks hold stronger market significance.
Breakout Confirmation: Monitor block removal conditions for potential breakout signals beyond support or resistance zones.
Trend Reversals: Combine EMA crossovers with order block formation for early trend reversal detection.
Risk Management: Use OB boundaries as potential stop-loss or entry points.
Volume Order Blocks is an essential tool for traders seeking to incorporate volume-based supply and demand analysis into their trading strategy. By combining price action, volume data, and EMA crossovers, it offers a comprehensive view of market structure and potential turning points.
Psych LevelWhat it shows:
This indicator will show a horizontal line at a psychological value which can be user defined. (Psychological values are round numbers, like 10,50,100,1000 and so on...)
At these Psychological value there are often limit orders placed for both buying and selling and can often act as support and resistances.
Therefore it is useful to pre-draw these levels beforehand and this indicator will speed up the process doing so by adjusting few different settings and draw them automatically.
How to use it:
At these Psychological value there are often limit orders placed for both buying and selling and can often act as support and resistances. This is often the case when you look at limit orders at such levels on bookmap or level 2 data.
At these psychological levels it can be set as a target of your trade or as risk levels when taking a trade in either of direction. Obviously this alone shouldn't dictate the trade you should take but can be a valuable info to supplement your trade.
On the chart it is clear to see these psychological level lines are acting as resistances/supports.
Key settings:
Interval: Interval levels will be drawn for, between the minimum and maximum values inputted by the user. Minimum value allowed is 1.
Min. value: Minimum value of Psychological level that will be drawn. Minimum value allowed is 1.
Max value: Maximum value of Psychological level that will be drawn. Minimum value allowed is 1.
Line colour: Colour of line drawn.
Line width: Width of line drawn.
Line style: Style of line drawn, either solid, dotted or dashed.
Label offset: Offset of where where label will be, measured from current bar. Offset of 0 will be drawn at current bar location, any positive number will move to the right by the set amount.
Text Colour: Colour of label text
Text size: Size of label text
Example: Chart here shows setting for minimum value as 100, maximum value as 140 and interval as 5. In this setting lines will be automatically drawn at: 100,105,110,115,120,125,130,145 and 140.
The flexibility of user defined max/min and interval values allows to be accommodated for price with different price tags, including stocks under $10.
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If anything is not clear please let me know!
MTF Fibonacci Pivots with Mandelbrot FractalsMTF Fibonacci Pivots with Mandelbrot Fractals: Advanced Market Structure Analysis
Overview
The MTF Fibonacci Pivots with Mandelbrot Fractals indicator represents a significant advancement in technical analysis by combining multi-timeframe Fibonacci pivot levels with sophisticated fractal pattern recognition. This powerful tool identifies key support and resistance zones while predicting potential price reversals with remarkable accuracy.
Key Capabilities
This indicator provides traders with three distinct layers of market structure analysis:
Automatic Timeframe Adaptation: The primary pivot set automatically adjusts to your chart's timeframe, ensuring relevant support and resistance levels for your specific trading horizon.
1-Year Fibonacci Pivots: The second layer displays yearly pivots that reveal long-term market cycles and institutional price levels that often act as significant reversal points.
3-Year Fibonacci Pivots: The third layer unveils major market structure zones that typically remain relevant for extended periods, offering strategic context for position trading and long-term investment decisions.
Predictive Technology
What truly distinguishes this indicator is its advanced predictive capability powered by:
Mandelbrot Fractal Pattern Recognition: The indicator implements a sophisticated fractal detection algorithm that identifies recurring price patterns across multiple timeframes. Unlike conventional fractal indicators, it incorporates noise filtering and adaptive sensitivity to market volatility.
Tesla's 3-6-9 Principle Integration: The system incorporates Nikola Tesla's mathematical principle through a cubic Mandelbrot equation (Z_{n+1} = Z_n^3 + C where Z_0 = 0), creating a unique approach to pattern recognition that aligns with natural market rhythms.
Historical Pattern Matching: When a current price pattern exhibits strong similarity to historical formations, the indicator generates predictive targets with confidence ratings. Each prediction undergoes rigorous validation against multiple parameters including trend alignment, volatility context, and mathematical coherence.
Visual Intelligence System
The indicator's visual presentation enhances trading decision-making through:
Confidence-Based Visualization: Predictions display with intuitive star ratings, percentage confidence scores, and contextual information including price movement magnitude and estimated time to target.
Adaptive Color Harmonization: The color system intelligently adjusts to provide optimal visibility while maintaining a professional appearance suitable for any chart setup.
Trend Alignment Indicators: Each prediction includes references to the broader trend context, helping traders avoid counter-trend trades unless the reversal signal carries exceptional strength.
Strategic Applications
This indicator excels in multiple trading scenarios:
Intraday Trading: Identify high-probability reversal zones with precise timing
Swing Trading: Anticipate significant market turns at key structural levels
Position Trading: Recognize major cycle shifts for strategic entry and exit
The automatic 1-year and 3-year Fibonacci pivots provide institutional-grade reference points that typically define major market movements. These longer timeframes reveal critical zones that might be invisible on shorter-term analysis, giving you a significant edge in understanding where price is likely to encounter substantial buying or selling pressure.
This innovative approach to market analysis combines classical Fibonacci mathematics with cutting-edge fractal theory to create a comprehensive market structure visualization system that illuminates both present support/resistance levels and future price targets with exceptional clarity.
Setting Up MTF Fibonacci Pivots with Mandelbrot Fractals
Initial Setup
Adding this indicator to your TradingView charts is straightforward:
Navigate to the "Indicators" button on your chart toolbar
Search for "MTF Fibonacci Pivots with Mandelbrot Fractals"
Select the indicator to add it to your chart
A configuration panel will appear with various setting categories
Recommended Settings
The indicator comes pre-configured with optimal default settings, but you may want to adjust them based on your trading style:
For Day Trading (Timeframes 1-minute to 1-hour)
Pivots Timeframe 1: Auto (automatically adapts to your chart)
Pivots Timeframe 2: Daily
Pivots Timeframe 3: Weekly
Fractal Sensitivity: 2-3
Fractal Lookback Period: 20
Prediction Strength: 2
Color Theme: High Contrast or Dark Mode
For Swing Trading (Timeframes 4-hour to Daily)
Pivots Timeframe 1: Daily
Pivots Timeframe 2: Weekly
Pivots Timeframe 3: Monthly
Fractal Sensitivity: 1-2
Fractal Lookback Period: 30
Prediction Strength: 2-3
Color Theme: Default or Dimmed
For Position Trading (Timeframes Daily to Weekly)
Pivots Timeframe 1: Weekly
Pivots Timeframe 2: Monthly
Pivots Timeframe 3: Quarterly
Fractal Sensitivity: 1
Fractal Lookback Period: 50
Prediction Strength: 1
Color Theme: Monochrome or Pastel
Restoring Default Settings
If you've adjusted settings and wish to return to the defaults:
Right-click on the indicator name on your chart
Select "Settings" from the context menu
In the settings dialog, look for the "Reset All" button at the bottom
Confirm the reset when prompted
Alternatively, you can remove the indicator and add it again for a fresh start with default settings.
Advanced Settings Guidance
Visual Appearance
Use Gradient Colors: Enable for better visual differentiation between pivot levels
Color Transparency: 15% provides an optimal balance between visibility and chart clutter
Line Width: 1-2 for cleaner charts, 3+ for enhanced visibility
Fractal Analysis
Enable Fractal Analysis: Keep enabled for prediction capabilities
Fractal Box Spacing: Higher values (5-10) for cleaner displays, lower values (1-3) for more signals
Maximum Forecast Bars: 20 is optimal for most timeframes, adjust higher for longer predictions
Performance Considerations
Enable Self-Optimization: Keep enabled to maintain smooth chart performance
Resource Priority: Use "Balanced" for most computers, "Performance" for older systems
Force Pivot Display: Enable only when checking specific historical periods
Common Setup Mistakes to Avoid
Setting all timeframes too close together (e.g., Daily, Daily, Weekly) reduces the multi-timeframe advantage
Using high fractal sensitivity (4+) on noisy markets creates excessive signals
Setting fractal box spacing too low causes cluttered prediction boxes
Disabling self-optimization may cause performance issues on complex charts
Using incompatible color themes for your chart background reduces visibility
The indicator's power comes from its default 1-year and 3-year Fibonacci pivot settings, which highlight institutional levels while the auto-timeframe setting adapts to your trading horizon. These carefully balanced defaults provide an excellent starting point for most traders.
For optimal results, I recommend making minimal adjustments at first, then gradually customizing settings as you become familiar with the indicator's behavior in your specific markets and timeframes.
Screenshots:
AI Scalping ORB (Sandip) V2✅ Overview
The AI Scalping ORB (Opening Range Breakout) script is a custom indicator for TradingView designed to detect potential breakout trading opportunities. It focuses on the Opening Range Breakout (ORB) strategy, a popular technique used by traders to capitalize on market volatility after the market opens. The script includes various configurable settings, trading signals, and visual enhancements to aid in trading decisions.
⚙️ Key Features
Opening Range Calculation:
The script defines the opening range using the high and low price within a specified time window.
It calculates:
ORB High: The highest price during the range.
ORB Low: The lowest price during the range.
Midpoint: The midpoint between the high and low.
This range serves as the base for breakout signals.
Trade Signal Generation:
Buy Signal: Triggered when the price breaks above the ORB high.
Sell Signal: Triggered when the price breaks below the ORB low.
The script dynamically generates entry signals and stop-loss levels based on the range breakout.
Multiple take-profit targets (TP1, TP2, TP3) are calculated using risk-reward ratios.
Risk-Reward and Stop-Loss Logic:
The script includes stop-loss (SL) and take-profit (TP) levels.
Risk-reward ratios can be customized by the user.
TP levels are visualized on the chart, helping traders manage their trades effectively.
Multiple Timeframe (MTF) Support:
The indicator can display ORB levels across multiple timeframes.
This allows traders to assess the breakout potential based on higher or lower timeframes.
🎯 Inputs and Configuration Options
Time Settings:
ORB Start Time: Defines the start time of the opening range.
ORB End Time: Defines the end time of the opening range.
Timeframe: Allows switching between different timeframes.
Risk Management Settings:
Risk/Reward Ratio: Configurable ratio for stop-loss and take-profit levels.
Stop Loss Buffer: Additional buffer added to SL levels.
Style and Visual Customization:
Color settings for ORB lines, breakout signals, and TP levels.
Line styles and opacities for better chart visualization.
Custom labels for buy/sell signals and target prices.
📊 Visual Representation
The script provides a clean and informative visual display, including:
ORB range plotted with clear high, low, and midpoint levels.
Dynamic trade signals with buy/sell markers.
Clear TP and SL lines with customizable colors and styles.
Labeling of entry, stop-loss, and multiple take-profit targets.
⚡️ How to Use
Configuration:
Customize the ORB time window, risk/reward ratio, and visual preferences through the input settings.
Identify Breakouts:
Watch for price breaking above or below the ORB range.
Enter trades based on the breakout direction.
Manage Risk:
Use the SL and TP lines to manage risk and set profit targets.
Multi-Timeframe Analysis:
Utilize MTF mode to evaluate ORB performance across different timeframes.
✅ Practical Application
Suitable for scalping strategies, especially in highly volatile markets.
Can be applied to forex, crypto, or stock markets.
Helps traders quickly visualize potential breakout zones and place trades with predefined risk management.
🚀 Enhancement Suggestions
To further improve the script:
Add dynamic alerts when price breaks ORB levels.
Implement trailing stop-loss logic for better trade management.
Include volume confirmation filters to enhance signal reliability.
✅ This script offers a comprehensive solution for ORB-based scalping strategies, providing clear visual cues, risk management settings, and flexible customization for better trading decisions.
SQLevel SNRThis indicator is designed to automatically detect support and resistance levels and then highlight potential "break" events on a price chart. Here’s a breakdown of how it works:
1. Pivot Detection for Support and Resistance
Inputs for Pivots:
The indicator uses two inputs, Left Bars and Right Bars, to determine how many bars on each side are used to identify a local pivot. A pivot high (resistance) is a price that is higher than the surrounding bars, while a pivot low (support) is lower than its neighbors.
Calculating Pivots:
The functions ta.pivothigh(leftBars, rightBars) and ta.pivotlow(leftBars, rightBars) are used to compute these levels.
The code then uses fixnan() to handle cases when a pivot isn’t found, ensuring that only valid pivot values are used.
Plotting the Levels:
Once identified, the pivot high is plotted as a resistance line (in red) and the pivot low as a support line (in blue). An offset is applied so that these levels align correctly on the chart.
2. Volume Oscillator Calculation
Purpose:
The indicator calculates a volume-based oscillator to help determine whether a price breakout is significant.
How It Works:
It computes two exponential moving averages (EMAs) of the volume:
A short-term EMA (5-period)
A long-term EMA (10-period)
Then, it calculates the percentage difference between these EMAs. If this oscillator exceeds the user-defined Volume Threshold, it implies that volume is strong, which is often a sign of a valid breakout.
3. Identifying and Plotting Breakouts
Break Conditions:
The script checks for two main types of break events:
Support Break: When the closing price crosses below the support (pivot low).
Resistance Break: When the closing price crosses above the resistance (pivot high).
Additional Candlestick Filters:
The indicator adds extra conditions to filter out false breakouts by examining the shape of the candlestick (e.g., the relation between open, close, high, and low). This helps distinguish between genuine breaks and simple wicks.
Plotting Shapes:
When these conditions are met and the volume oscillator is above the threshold, a small label (or shape) is plotted on the chart:
A label “B” appears above the bar for a support break.
A label “B” appears below the bar for a resistance break.
Additional labels such as “Bull Wick” or “Bear Wick” are plotted when the candlestick’s wick characteristics support the breakout indication.
4. Alert Conditions
Automated Alerts:
The indicator sets up alert conditions using alertcondition() so that you can be notified if:
Price crosses under support (indicating a potential support break).
Price crosses over resistance (indicating a potential resistance break).
These alerts are triggered only when the volume conditions are met, ensuring that alerts are based on strong, high-volume moves.
Summary
In essence, the indicator:
Identifies local highs and lows (pivots) as resistance and support.
Uses a volume oscillator to confirm that any break of these levels is backed by significant trading volume.
Visually marks the chart with lines and shapes for both the levels and the breaks.
Provides alert conditions so traders can be automatically notified of potential breakouts.
This combination of price action analysis and volume confirmation helps traders focus on meaningful support and resistance levels and potentially valid breakout signals.
