Performance Metrics With Bracketed Rebalacing [BackQuant]Performance Metrics With Bracketed Rebalancing
The Performance Metrics With Bracketed Rebalancing script offers a robust method for assessing portfolio performance, integrating advanced portfolio metrics with different rebalancing strategies. With a focus on adaptability, the script allows traders to monitor and adjust portfolio weights, equity, and other key financial metrics dynamically. This script provides a versatile approach for evaluating different trading strategies, considering factors like risk-adjusted returns, volatility, and the impact of portfolio rebalancing.
Please take the time to read the following:
Key Features and Benefits of Portfolio Methods
Bracketed Rebalancing:
Bracketed Rebalancing is an advanced strategy designed to trigger portfolio adjustments when an asset's weight surpasses a predefined threshold. This approach minimizes overexposure to any single asset while maintaining flexibility in response to market changes. The strategy is particularly beneficial for mitigating risks that arise from significant asset weight fluctuations. The following image illustrates how this method reacts when asset weights cross the threshold:
Daily Rebalancing:
Unlike the bracketed method, Daily Rebalancing adjusts portfolio weights every trading day, ensuring consistent asset allocation. This method aims for a more even distribution of portfolio weights, making it a suitable option for traders who prefer less sensitivity to individual asset volatility. Here's an example of Daily Rebalancing in action:
No Rebalancing:
For traders who prefer a passive approach, the "No Rebalancing" option allows the portfolio to remain static, without any adjustments to asset weights. This method may appeal to long-term investors or those who believe in the inherent stability of their selected assets. Here’s how the portfolio looks when no rebalancing is applied:
Portfolio Weights Visualization:
One of the standout features of this script is the visual representation of portfolio weights. With adjustable settings, users can track the current allocation of assets in real-time, making it easier to analyze shifts and trends. The following image shows the real-time weight distribution across three assets:
Rolling Drawdown Plot:
Managing drawdown risk is a critical aspect of portfolio management. The Rolling Drawdown Plot visually tracks the drawdown over time, helping traders monitor the risk exposure and performance relative to the peak equity levels. This feature is essential for assessing the portfolio's resilience during market downturns:
Daily Portfolio Returns:
Tracking daily returns is crucial for evaluating the short-term performance of the portfolio. The script allows users to plot daily portfolio returns to gain insights into daily profit or loss, helping traders stay updated on their portfolio’s progress:
Performance Metrics
Net Profit (%):
This metric represents the total return on investment as a percentage of the initial capital. A positive net profit indicates that the portfolio has gained value over the evaluation period, while a negative value suggests a loss. It's a fundamental indicator of overall portfolio performance.
Maximum Drawdown (Max DD):
Maximum Drawdown measures the largest peak-to-trough decline in portfolio value during a specified period. It quantifies the most significant loss an investor would have experienced if they had invested at the highest point and sold at the lowest point within the timeframe. A smaller Max DD indicates better risk management and less exposure to significant losses.
Annual Mean Returns (% p/y):
This metric calculates the average annual return of the portfolio over the evaluation period. It provides insight into the portfolio's ability to generate returns on an annual basis, aiding in performance comparison with other investment opportunities.
Annual Standard Deviation of Returns (% p/y):
This measure indicates the volatility of the portfolio's returns on an annual basis. A higher standard deviation signifies greater variability in returns, implying higher risk, while a lower value suggests more stable returns.
Variance:
Variance is the square of the standard deviation and provides a measure of the dispersion of returns. It helps in understanding the degree of risk associated with the portfolio's returns.
Sortino Ratio:
The Sortino Ratio is a variation of the Sharpe Ratio that only considers downside risk, focusing on negative volatility. It is calculated as the difference between the portfolio's return and the minimum acceptable return (MAR), divided by the downside deviation. A higher Sortino Ratio indicates better risk-adjusted performance, emphasizing the importance of avoiding negative returns.
Sharpe Ratio:
The Sharpe Ratio measures the portfolio's excess return per unit of total risk, as represented by standard deviation. It is calculated by subtracting the risk-free rate from the portfolio's return and dividing by the standard deviation of the portfolio's excess return. A higher Sharpe Ratio indicates more favorable risk-adjusted returns.
Omega Ratio:
The Omega Ratio evaluates the probability of achieving returns above a certain threshold relative to the probability of experiencing returns below that threshold. It is calculated by dividing the cumulative probability of positive returns by the cumulative probability of negative returns. An Omega Ratio greater than 1 indicates a higher likelihood of achieving favorable returns.
Gain-to-Pain Ratio:
The Gain-to-Pain Ratio measures the return per unit of risk, focusing on the magnitude of gains relative to the severity of losses. It is calculated by dividing the total gains by the total losses experienced during the evaluation period. A higher ratio suggests a more favorable balance between reward and risk.
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Compound Annual Growth Rate (CAGR) (% p/y):
CAGR represents the mean annual growth rate of the portfolio over a specified period, assuming the investment has been compounding over that time. It provides a smoothed annual rate of growth, eliminating the effects of volatility and offering a clearer picture of long-term performance.
Portfolio Alpha (% p/y):
Portfolio Alpha measures the portfolio's performance relative to a benchmark index, adjusting for risk. It is calculated using the Capital Asset Pricing Model (CAPM) and represents the excess return of the portfolio over the expected return based on its beta and the benchmark's performance. A positive alpha indicates outperformance, while a negative alpha suggests underperformance.
Portfolio Beta:
Portfolio Beta assesses the portfolio's sensitivity to market movements, indicating its exposure to systematic risk. A beta greater than 1 suggests the portfolio is more volatile than the market, while a beta less than 1 indicates lower volatility. Beta is used to understand the portfolio's potential for gains or losses in relation to market fluctuations.
Skewness of Returns:
Skewness measures the asymmetry of the return distribution. A positive skew indicates a distribution with a long right tail, suggesting more frequent small losses and fewer large gains. A negative skew indicates a long left tail, implying more frequent small gains and fewer large losses. Understanding skewness helps in assessing the likelihood of extreme outcomes.
Value at Risk (VaR) 95th Percentile:
VaR at the 95th percentile estimates the maximum potential loss over a specified period, given a 95% confidence level. It provides a threshold value such that there is a 95% probability that the portfolio will not experience a loss greater than this amount.
Conditional Value at Risk (CVaR):
CVaR, also known as Expected Shortfall, measures the average loss exceeding the VaR threshold. It provides insight into the tail risk of the portfolio, indicating the expected loss in the worst-case scenarios beyond the VaR level.
These metrics collectively offer a comprehensive view of the portfolio's performance, risk exposure, and efficiency. By analyzing these indicators, investors can make informed decisions, balancing potential returns with acceptable levels of risk.
Conclusion
The Performance Metrics With Bracketed Rebalancing script provides a comprehensive framework for evaluating and optimizing portfolio performance. By integrating advanced metrics, adaptive rebalancing strategies, and visual analytics, it empowers traders to make informed decisions in managing their investment portfolios. However, it's crucial to consider the implications of rebalancing strategies, as academic research indicates that predictable rebalancing can lead to market impact costs. Therefore, adopting flexible and less predictable rebalancing approaches may enhance portfolio performance and reduce associated costs.
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EMA Pullback System 1:5 RRR [SL]EMA Trend Pullback System (1:5 RRR)
Summary:
This indicator is designed to identify high-probability pullback opportunities along the main trend, providing trade signals that target a high 1:5 Risk/Reward Ratio. It is a trend-following strategy built for patient traders who wait for optimal setups.
Strategy Logic:
The system is based on three Exponential Moving Averages (EMAs): 21, 50, and 200.
BUY Signal:
Trend (Uptrend): The price must be above the 200 EMA.
Pullback: The price must pull back into the "Dynamic Support Zone" between the 21 EMA and 50 EMA.
Confirmation: A strong Bullish Confirmation Candle (e.g., Bullish Engulfing) must form within this zone.
SELL Signal:
Trend (Downtrend): The price must be below the 200 EMA.
Pullback: The price must rally back into the "Dynamic Resistance Zone" between the 21 EMA and 50 EMA.
Confirmation: A strong Bearish Confirmation Candle (e.g., Bearish Engulfing) must form within this zone.
Key Features:
Clearly plots the 21, 50, and 200 EMAs on the chart.
Displays BUY and SELL labels when the rules are met.
Automatically calculates and plots Stop Loss (SL) and Take Profit (TP) levels for each signal.
The Risk/Reward Ratio for the Take Profit level is customizable in the settings (Default: 1:5).
How to Use:
Best suited for higher timeframes like H1 and H4.
It is crucial to wait for the signal candle to close before considering an entry.
While this is an automated tool, for best results, combine its signals with your own analysis of Price Action and Market Structure.
Disclaimer:
This is an educational tool and not financial advice. Trading involves substantial risk. Always use proper risk management. It is essential to backtest any strategy before deploying it with real capital.
HoLo (Highest Open Lowest Open)HoLo (Highest Open Lowest Open) Method
Overview
HoLo stands for "Highest Open Lowest Open" – a forex trading strategy.
Core Concept
Definition of HoLo:
Highest Open (HO): The highest opening price among all H1 candles of the current trading day
Lowest Open (LO): The lowest opening price among all H1 candles of the current trading day
Trading Day: Starts at Asia Open Session
Strategy Setup
Step 1: Mark Key Levels
Current day's High/Low
Highest Open and Lowest Open (from H1 candles)
Step 2: Define the Area of Interest
Sell Zone: Between the Highest Open and the current day's High
Buy Zone: Between the Lowest Open and the current day's Low
Trade Entry Rules
Sell Trade:
Price goes above the Highest Open
Trigger candle (M5, M15, or M30) closes above the Highest Open
Enter a sell when price revisits the Highest Open level (Sell Stop Order)
Buy Trade:
Price drops below the Lowest Open
Trigger candle closes below the Lowest Open
Enter a buy when price revisits the Lowest Open level (Buy Stop Order)
Trigger Timeframe:
Choose M1, M5, or M15 based on:
Your screen time availability
Personal trading style
Risk and Profit Management
Stop Loss:
For sell: Set SL at the day’s High + spread
For buy: Set SL at the day’s Low + spread
Take Profit (TP) Basic Rule:
You should open 2 positions:
When profit reaches 1R: Take partial profit + move SL to BE (Break Even)
Let the remaining position run using partial TP or trailing stop
Money Management:
Never risk more than 1% per trade
Recommended: 0.5% risk due to multiple opportunities daily
Prioritize major pairs.
The Indicator
How to read data
For Day Traders
Monitor the sell zone (red area) for potential short entries near resistance
Watch the buy zone (blue area) for potential long entries near support
Use cross signals for entry/exit points
Pay attention to timing markers for key market hours
Alert
HO (Highest Open) level changes
LO (Lowest Close) level changes
Price crossing key levels
Timing notifications
Previous Two Days HL + Asia H/L + 4H Vertical Lines📊 Indicator Overview
This custom TradingView indicator visually marks key market structure levels and session data on your chart using lines, labels, boxes, and vertical guides. It is designed for traders who analyze intraday and multi-session behavior — especially around the New York and Asia sessions — with a focus on 4-hour price ranges.
🔍 What the Indicator Tracks
1. Previous Two Days' Ranges (6PM–5PM NY Time)
PDH/PDL (Day 1 & Day 2): Draws horizontal lines marking the previous two trading days’ highs and lows.
Midlines: Calculates and displays the midpoint between each day’s high and low.
Color-Coded: Uses strong colors for Day 1 and more transparent versions for Day 2, to help differentiate them.
2. Asia Session High/Low (6 PM – 2 AM NY Time)
Automatically tracks the high and low during the Asia session.
Extends these levels until the following day’s NY close (4 PM).
Shows a midline of the Asia session (optional dotted line).
Highlights the Asia session background in gray.
Labels Asia High and Low on the chart for easy reference.
3. Last Closed 4-Hour Candle Range
At the start of every new 4H candle, it:
Draws a box from the last closed 4H candle.
Box spans horizontally across a set number of bars (adjustable).
Top and bottom lines indicate the high and low of that 4H candle.
Midline, 25% (Q1) and 75% (Q3) levels are also drawn inside the box using dotted lines.
Helps traders identify premium/discount zones within the previous 4H range.
4. Vertical 4H Time Markers
Draws vertical dashed lines to mark the start and end of the last 4H candle range.
Based on the standard 4H bar timing in NY (e.g. 5:00, 9:00, 13:00, 17:00).
⚙️ Inputs & Options
Line thickness, color customization for all levels.
Option to place labels on the right or left side of the chart.
Toggle for enabling/disabling the 4H box.
Adjustable box extension length (how far to extend the range visually).
✅ Ideal Use Cases
Identifying reaction zones from prior highs/lows.
Spotting reversals during Asia or NY session opens.
Trading intraday setups based on 4H structure.
Anchoring scalping or swing entries off major session levels.
New York Midnight Day SeparatorThis Pine Script indicator draws vertical separator lines on the chart at midnight in the New York timezone (Eastern Time). The lines mark the start of each new trading day from Monday to Friday, helping traders visually distinguish daily sessions based on New York market time. The separator lines are rendered as slightly transparent gray lines spanning the full price range of each midnight candle, providing a clean and unobtrusive visual aid for session tracking.
SPX500 Quick Drop & Rise AlertsSimple script thats been adjusted for 1 minute trading on spx500.
It will show you and signal to you:
dropThreshold: how much the price must rise or fall (in percent) to trigger a signal. Default is 0.05 → 5%.
lookbackBars: how many bars back to compare against. Default is 1 (i.e., compare the current close to the previous bar’s close).
Theirs a few ways to use this, you might want to use your MA 238 as a reference point. Use it as a target or a level to bounce or reject from. Then use this indicator to help show you where the market energy is flowing.
Do some backtesting and see what you see. Only use it for New York open times would probably be best.
Youll have to change your mentality depending on if the market is trending / ranging ect of course.
Shooting Star ORB🧠 Indicator Name: "First Candle Shooting Star + ORB"
📌 Purpose
This indicator detects when the first candle of the day forms a Shooting Star pattern and then monitors for a breakout beyond its range. It visually marks the pattern and the breakout with boxes and provides real-time alerts and a status table.
🔍 What It Does Step-by-Step
1. 📅 Detects the Start of a New Trading Day
Uses ta.change(time("D")) to identify a new trading day.
When a new day starts, it checks if the very first candle of the session is a Shooting Star.
2. 🕯️ Identifies a Shooting Star Pattern
A candle is labeled a Shooting Star if:
It has a small body compared to the full candle range.
It has a long upper shadow at least 2× the body.
It has a short or tiny lower shadow.
All these criteria are adjustable through inputs.
3. 📦 Draws a Box for the First Candle Range
If a Shooting Star is found in the first candle of the day:
It draws a red shaded box covering the high and low of that candle.
The box visually marks the potential Opening Range.
4. 💥 Detects Breakout from Shooting Star Candle
After the first candle:
If price moves above or below the range by a specified % (like 1%), it flags a breakout.
A blue shaded box is drawn at the breakout candle for visual confirmation.
5. 🔔 Alerts
🔴 Shooting Star Detected: Alerts when the first candle is a shooting star.
🔵 Breakout Detected: Alerts when the price breaks out of the first candle’s range.
6. 📊 Displays Real-Time Info Table
A small table is shown on the chart:
🕯️ Pattern: “Shooting Star” or blank
💥 Breakout: “Yes” or “No”
⏱️ The timeframe being analyzed (e.g., “5” for 5-minute)
CISD Levels by HAZEDCISD Levels by HAZED - Advanced Market Structure Analysis
📊 Overview
The CISD Levels indicator is a sophisticated market structure analysis tool that automatically identifies and plots critical support and resistance levels based on Change in State Direction (CISD) methodology. This indicator helps traders visualize key market turning points and potential breakout/breakdown levels with precision.
🎯 What are CISD Levels?
CISD (Change in State Direction) levels represent significant price points where market sentiment shifts from bullish to bearish or vice versa. These levels are dynamically calculated based on:
Market structure breaks (higher highs/lower lows)
Pullback patterns and trend continuations
Real-time price action analysis
Dynamic level updates as market conditions evolve
✨ Key Features
🔥 Smart Level Detection
Automatically identifies bullish (+CISD) and bearish (-CISD) levels
Real-time updates as market structure evolves
Intelligent pullback detection algorithm
🎨 Full Customization
Colors: Customize bullish/bearish level colors
Line Styles: Choose from solid, dotted, or dashed lines
Text Labels: Fully customizable text, size, and font options
Transparency: Adjustable line transparency (0-100%)
Extensions: Control how far lines extend into the future
📈 Historical Analysis
Show All Levels: Option to display historical CISD levels
Max Levels Control: Limit the number of historical levels shown (1-50)
Level Management: Automatic cleanup of old levels
🚨 Smart Alerts
Bullish Alerts: Get notified when price breaks above +CISD levels
Bearish Alerts: Get notified when price breaks below -CISD levels
Alert Frequency: Choose between "Once Per Bar" or "Once Per Bar Close"
📊 Statistics Table
Market State: Current bullish/bearish market condition
Active Levels: Count of currently active CISD levels
Latest Levels: Display of most recent +CISD and -CISD values
Positioning: 5 different table positions available
🛠️ How to Use
For Swing Traders:
Use CISD levels as key support/resistance zones
Enter positions on level breaks with proper risk management
Set stop losses below/above opposite CISD levels
For Day Traders:
Watch for price reactions at CISD levels
Use levels for entry/exit timing
Combine with volume analysis for confirmation
For Position Traders:
Identify major market structure changes
Use higher timeframe CISD levels for strategic entries
Monitor level breaks for trend continuation signals
⚙️ Settings Guide
CISD Level Settings
Bullish/Bearish Colors: Customize level appearance
Custom Text: Add your own labels to levels
Alert Setup: Enable notifications for level breaks
Historical Levels: Choose to show past levels for context
Appearance Customization
Line Width: 1-5 pixel thickness options
Line Style: Solid, dotted, or dashed
Extension Bars: Control future projection (1-50 bars)
Text Options: Size, font, and bold formatting
Statistics Table
Enable/Disable: Toggle table visibility
Position: 5 placement options on chart
Real-time Data: Live market state and level information
🎯 Best Practices
Multi-Timeframe Analysis: Use CISD levels across different timeframes for confluence
Risk Management: Always use proper position sizing and stop losses
Confirmation: Combine with volume, momentum, or other indicators
Market Context: Consider overall market conditions and news events
Backtesting: Test the levels on historical data before live trading
📋 Technical Specifications
Overlay: True (plots directly on price chart)
Max Lines: 500 (handles multiple historical levels)
Max Labels: 500 (supports extensive labeling)
Real-time Updates: Dynamic level calculation and alerts
Performance: Optimized code for smooth chart operation
🚀 Why Choose CISD Levels?
Precision: Advanced algorithm for accurate level identification
Flexibility: Extensive customization options for any trading style
Reliability: Proven market structure analysis methodology
User-Friendly: Intuitive settings with helpful tooltips
Professional: Clean, professional appearance on any chart
📞 Support & Updates
This indicator is actively maintained and updated. For questions, suggestions, or feature requests, feel free to reach out through TradingView messaging.
⚠️ Disclaimer: This indicator is for educational and informational purposes only. Always conduct your own analysis and risk management. Past performance does not guarantee future results.
Adjustable Vertical LinesThe script provides an indicator which will plot lines - 15 min, 30 min and 60 min. You can customize the time intervals and go to as low as one minute, but I found the 15-minute and 30-minute intervals works best for me when trying to find setups, and the lower time-frame intervals, is just pointless to use if you're not scalping on the seconds timeframe.
You can customize inputs for the line style. Line thickness, colour, etc.
I've seen this work using the OBR theory and applying it to the one-minute candle then looking for other confluences like order blocks, or breakers, FVGs, BOS/CHoC for further confirmation for scalping. It's important to backtest though and see for yourself.
Thanks for the boost.
CNN Statistical Trading System [PhenLabs]📌 DESCRIPTION
An advanced pattern recognition system utilizing Convolutional Neural Network (CNN) principles to identify statistically significant market patterns and generate high-probability trading signals.
CNN Statistical Trading System transforms traditional technical analysis by applying machine learning concepts directly to price action. Through six specialized convolution kernels, it detects momentum shifts, reversal patterns, consolidation phases, and breakout setups simultaneously. The system combines these pattern detections using adaptive weighting based on market volatility and trend strength, creating a sophisticated composite score that provides both directional bias and signal confidence on a normalized -1 to +1 scale.
🚀 CONCEPTS
• Built on Convolutional Neural Network pattern recognition methodology adapted for financial markets
• Six specialized kernels detect distinct price patterns: upward/downward momentum, peak/trough formations, consolidation, and breakout setups
• Activation functions create non-linear responses with tanh-like behavior, mimicking neural network layers
• Adaptive weighting system adjusts pattern importance based on current market regime (volatility < 2% and trend strength)
• Multi-confirmation signals require CNN threshold breach (±0.65), RSI boundaries, and volume confirmation above 120% of 20-period average
🔧 FEATURES
Six-Kernel Pattern Detection:
Simultaneous analysis of upward momentum, downward momentum, peak/resistance, trough/support, consolidation, and breakout patterns using mathematically optimized convolution kernels.
Adaptive Neural Architecture:
Dynamic weight adjustment based on market volatility (ATR/Price) and trend strength (EMA differential), ensuring optimal performance across different market conditions.
Professional Visual Themes:
Four sophisticated color palettes (Professional, Ocean, Sunset, Monochrome) with cohesive design language. Default Monochrome theme provides clean, distraction-free analysis.
Confidence Band System:
Upper and lower confidence zones at 150% of threshold values (±0.975) help identify high-probability signal areas and potential exhaustion zones.
Real-Time Information Panel:
Live display of CNN score, market state with emoji indicators, net momentum, confidence percentage, and RSI confirmation with dynamic color coding based on signal strength.
Individual Feature Analysis:
Optional display of all six kernel outputs with distinct visual styles (step lines, circles, crosses, area fills) for advanced pattern component analysis.
User Guide
• Monitor CNN Score crossing above +0.65 for long signals or below -0.65 for short signals with volume confirmation
• Use confidence bands to identify optimal entry zones - signals within confidence bands carry higher probability
• Background intensity reflects signal strength - darker backgrounds indicate stronger conviction
• Enter long positions when blue circles appear above oscillator with RSI < 75 and volume > 120% average
• Enter short positions when dark circles appear below oscillator with RSI > 25 and volume confirmation
• Information panel provides real-time confidence percentage and momentum direction for position sizing decisions
• Individual feature plots allow granular analysis of specific pattern components for strategy refinement
💡Conclusion
CNN Statistical Trading System represents the evolution of technical analysis, combining institutional-grade pattern recognition with retail accessibility. The six-kernel architecture provides comprehensive market pattern coverage while adaptive weighting ensures relevance across all market conditions. Whether you’re seeking systematic entry signals or advanced pattern confirmation, this indicator delivers mathematically rigorous analysis with intuitive visual presentation.
IU Pivot Zones + GMADESCRIPTION:
IU Pivot Zones + GMA is a smart price-action-based indicator that detects meaningful support and resistance zones formed through pivot highs/lows while combining them with dynamic zone generation and Geometric Moving Averages (GMA). This tool is built to help traders visualize institutional breakout/rejection zones with clear, logical mapping and live box management — helping you stay ahead of the move.
The indicator is designed for intraday, swing, and positional traders who want to enhance their trading decisions with visual confluence zones and market structure logic.
USER INPUTS
* Pivot point Lengths: Number of bars used to detect pivot highs/lows
* Zone length: Controls the thickness of the support/resistance zone; higher values create wider zones
* GMA Length: Period for calculating the geometric moving averages based on highs and lows
* Allow Bar/candle Color: Enables or disables special candle coloring when price interacts with the zones
LOGIC OF THE INDICATOR:
* Detects pivot highs and pivot lows using the user-defined length
* Compares consecutive pivot levels to determine if they fall within a valid ATR-based price band to form a zone
* If confirmed, the indicator dynamically plots a resistance or support box between those pivot points, colored respectively (red for resistance, green for support)
* The boxes update in real-time based on price action. If price respects the zone, the box extends forward. If price breaks the zone, the box disappears
* Geometric Moving Averages (GMA) based on logarithmic mean of highs and lows are plotted to offer a trend bias
* Candles that touch the top of the support zone are colored yellow, and those touching the bottom of the resistance zone are orange, enhancing zone reaction visibility
WHY IT IS UNIQUE:
* Uses logarithmic-based GMAs, which are smoother and less reactive than traditional moving averages
* ATR-based zone logic makes it adaptive to volatility instead of using fixed-width zones
* Combines structural levels (pivots), volatility filters (ATR), and trend overlays (GMA) in one unified tool
* Real-time zone extension and disappearance logic based on price interaction
HOW USER CAN BENEFIT FROM IT:
* Spot high-probability breakout or reversal zones that price respects consistently
* Use the GMA cloud for trend confirmation — for example, bullish bias when price is above both GMAs
* Build price action strategies around zone touches, breakouts, or rejections
* Use color-coded candles as real-time alerts for potential entry/exit signals near S/R levels
* Save time by avoiding manual marking of zones on charts across timeframes
DISCLAIMER:
This indicator is created for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. All trading involves risk, and users should conduct their own analysis or consult with a qualified financial advisor before making any trading decisions. The creator is not responsible for any losses incurred through the use of this tool. Use at your own discretion.
Sessions [Plug&Play]This indicator automatically highlights the three major FX trading sessions—Asia, London, and New York—on your chart and, at the close of each session, draws right-extended horizontal rays at that session’s high and low. It’s designed to help you visually identify when price is trading within each session’s range and to quickly see where the highest and lowest prices occurred before the next major session begins.
Key Features:
Session Boxes
Draws a semi-transparent box around each session’s timeframe (Asia, London, New York) based on your local UTC offset.
Each box dynamically expands in real time: as new candles form during the session, the box’s top and bottom edges update to match the highest high and lowest low seen so far in that session.
When the session ends, the box remains on your chart, anchored to the exact candles that formed its boundaries.
High/Low Rays
As soon as a session closes (e.g., London session ends at 17:00 UTC+0 by default), two horizontal rays are drawn at that session’s final high and low.
These rays are “pinned” to the exact candles where the high/low occurred, so they stay in place when you scroll or zoom.
Each ray extends indefinitely to the right, providing a clear reference of the key supply/demand levels created during that session.
Session Labels
Optionally places a small “London,” “New York,” or “Asia” label at the top edge of each completed session’s box.
Labels are horizontally centered within the session’s box and use a contrasting, easy-to-read font color.
Customizable Appearance
Show/Hide Each Session: Toggle display of London, New York, and Asia sessions separately.
Time Ranges: By default, London is 08:00–17:00 (UTC), New York is 13:00–22:00 (UTC), and Asia is 00:00–07:00 (UTC). You can override each session’s start/end times using the “Time Range” picker.
Color & Opacity: Assign custom colors to each session. Choose a global “Dark,” “Medium,” or “Light” opacity preset to adjust box fill transparency and border shading.
Show/Hide Labels & Outlines: Turn the text labels and the box borders on or off independently.
UTC Offset Support
If your local broker feed or price data is not in UTC, simply adjust the “UTC Offset (+/–)” input. The indicator will recalculate session start/end times relative to your chosen offset.
How to Use:
Add the Indicator:
Open TradingView’s Pine Editor, paste in this script, and click “Add to Chart.”
By default, you’ll see three translucent boxes appear once each session begins (Asia, London, New York).
Watch in Real Time:
As soon as a session starts, its box will appear anchored to the first candle. The top and bottom of the box expand if new extremes occur.
When the session closes, the final box remains visible and two horizontal rays mark that session’s high and low.
Analyze Key Levels:
Use the high- and low-level rays to gauge session liquidity zones—areas where stop orders, breakouts, or reversals often occur.
For example, if London’s high is significantly above current price, it may act as resistance in the New York session.
Customize to Your Needs:
Toggle specific sessions on/off (e.g., if you only care about London and New York).
Change each session’s color to match your chart theme.
Adjust the “UTC Offset” so sessions align with your local time.
Disable labels or box borders if you prefer a cleaner look.
Inputs Overview:
Show London/New York/Asia Session (bool): Show or hide each session’s box and its high/low rays.
Time Range (session): Defines the start/end of each session in “HHMM–HHMM” (24h) format.
Colour (color): Custom color for each session’s box fill, border, and high/low rays.
Show Session Labels (bool): Toggle the “London,” “New York,” “Asia” text that appears at the top of each completed box.
Show Range Outline (bool): Toggle the box border (if off, only a translucent fill is drawn).
Opacity Preset (Dark/Medium/Light): Controls transparency of box fill and border.
UTC Offset (+/–) (int): Adjusts session times for different time zones (e.g., +1 for UTC+1).
Why It’s Useful:
Quickly Identify Session Activity: Visually distinguish when each major trading session is active, then compare price action across sessions.
Pinpoint High/Low Liquidity Levels: Drawn rays highlight where the market hit its extremes—critical zones for stop orders or breakout entries.
Multi-Timeframe Context: By seeing historical session boxes and rays, you can locate recurring supply/demand areas, overlap zones, or session re-tests.
Fully Automated Workflow: Once added to your chart, the script does all the work of tracking session boundaries and drawing high/low lines—no manual box or line drawing necessary.
Example Use Cases:
London Breakout Traders: See where London’s high/low formed, then wait for price to revisit those levels during the New York session.
Range Breakout Strategies: If price consolidates inside the London box, use the boxed extremes as immediate targets for breakout entries.
Intraday Liquidity Swings: During quieter hours, watch Asia’s high/low to identify potential support/resistance before London’s opening.
Overlap Zones: Compare London’s range with Asia’s range to find areas of confluence—high-probability reversal or continuation zones.
Buying/Selling ProxyTiltFolio Buying/Selling Proxy
This simple but effective indicator visualizes short-term buying or selling pressure using log returns over a rolling window.
How It Works:
Calculates the average of logarithmic returns over the past N bars (default: 20).
Positive values suggest sustained buying pressure; negative values indicate selling pressure.
Plotted as a color-coded histogram:
✅ Green = net buying
❌ Red = net selling
Why Use It:
This proxy helps traders gauge directional bias and momentum beneath the surface of price action — especially useful for confirming breakout strength, timing entries, or filtering signals.
- Inspired by academic return normalization, but optimized for practical use.
- Use alongside TiltFolio's Breakout Trend indicator for added context.
CHN BUY SELL with EMA 200Overview
This indicator combines RSI 7 momentum signals with EMA 200 trend filtering to generate high-probability BUY and SELL entry points. It uses colored candles to highlight key market conditions and displays clear trading signals with built-in cooldown periods to prevent signal spam.
Key Features
Colored Candles: Visual momentum indicators based on RSI 7 levels
Trend Filtering: EMA 200 confirms overall market direction
Signal Cooldown: Prevents over-trading with adjustable waiting periods
Clean Interface: Simple BUY/SELL labels without clutter
How It Works
Candle Coloring System
Yellow Candles: Appear when RSI 7 ≥ 70 (overbought momentum)
Purple Candles: Appear when RSI 7 ≤ 30 (oversold momentum)
Normal Candles: All other market conditions
Trading Signals
BUY Signal: Triggered when closing price > EMA 200 AND yellow candle appears
SELL Signal: Triggered when closing price < EMA 200 AND purple candle appears
Signal Cooldown
After a BUY or SELL signal appears, the same signal type is suppressed for a specified number of candles (default: 5) to prevent excessive signals in ranging markets.
Settings
RSI 7 Length: Period for RSI calculation (default: 7)
RSI 7 Overbought: Threshold for yellow candles (default: 70)
RSI 7 Oversold: Threshold for purple candles (default: 30)
EMA Length: Period for trend filter (default: 200)
Signal Cooldown: Candles to wait between same signal type (default: 5)
How to Use
Apply the indicator to your chart
Look for yellow or purple colored candles
For LONG entries: Wait for yellow candle above EMA 200, then enter BUY when signal appears
For SHORT entries: Wait for purple candle below EMA 200, then enter SELL when signal appears
Use appropriate risk management and position sizing
Best Practices
Works best on timeframes M15 and higher
Suitable for Forex, Gold, Crypto, and Stock markets
Consider market volatility when setting stop-loss and take-profit levels
Use in conjunction with proper risk management strategies
Technical Details
Overlay: True (plots directly on price chart)
Calculation: Based on RSI momentum and EMA trend analysis
Signal Logic: Combines momentum exhaustion with trend direction
Visual Feedback: Colored candles provide immediate market condition awareness
Candle Count RSI📈 Candle Count RSI — A Dual-Perspective Momentum Engine
The Candle Count RSI is a custom-built momentum oscillator that expands on the classic Relative Strength Index (RSI) by introducing a directional-only variant that tracks the frequency of bullish or bearish closes, rather than price magnitude. It gives traders a second lens through which to evaluate momentum, trend conviction, and subtle divergences—often invisible to traditional price-based RSI.
💡 What Makes It Unique?
While the standard RSI is sensitive to the size of price changes, the Candle Count RSI is magnitude-blind. It counts candle closes above/below open over a lookback period, generating a purer signal of directional consistency. To enhance signal fidelity, it includes a streak amplifier, dynamically weighting extended runs of green or red candles to reflect intensity of market bias—without introducing artificial price sensitivity.
This dual-RSI approach allows for:
- Divergence detection between directional bias and price magnitude.
- Smoother trend confirmation in choppy markets.
- Cleaner visual cues using dynamic glow and background logic.
📐 How Standard RSI Actually Works (Not What You Think)
RSI doesn’t just check if price went up or down over a span—it checks each individual candle and tracks whether it closed higher or lower than the one before. Here's how it works under the hood:
1.) For each bar, it calculates the change from the previous close.
2.) It separates those changes into gains (upward moves) and losses (downward moves).
3.) Then it computes a smoothed average of those gains and losses (usually using an RMA).
4.) It calculates the Relative Strength (RS) as:
RS = AvgGain / AvgLoss
5.) Finally, it plugs that into the RSI formula:
RSI = 100 - (100 / (1 + RS))
⚖️ What Does the 50 Line Mean?
- The RSI scale runs from 0 to 100, but 50 is the true neutral zone:
- RSI > 50 means average gains outweigh average losses over the period.
- RSI < 50 means losses dominate.
- RSI ≈ 50? The market is balanced—momentum is indecisive, no clear trend bias.
- This makes 50 a powerful midline for trend filters, directional bias tools, and divergence detection—especially when paired with alternative RSI logic like Candle Count RSI.
🔧 Inputs and Customization
- Everything is fully modular and customizable:
🧠 Core Settings
- RSI Length: Used for both the standard RSI and Candle Count RSI.
📉 Standard RSI
- Classic RSI calculation based on price changes.
- Optional WMA smoothing to reduce noise.
- Glow effect toggle with custom intensity.
🕯 Candle Count RSI
- Computes RSI using only the count of up/down candles.
- Optional smoothing for stability.
- Amplifies streaks (e.g., multiple consecutive bullish candles increase strength).
- Glow effect toggle with adjustable strength.
🎇 Glow Visuals
- Background glow (subpane and/or main chart).
- Fades based on RSI distance from the 50 midpoint.
- Independent color settings for bull and bear bias.
🧬 Divergence Zones
- Detects when Candle RSI and Standard RSI diverge.
- Highlights:
- Bullish Divergence: Candle RSI > 50, Standard RSI < threshold.
- Bearish Divergence: Candle RSI < 50, Standard RSI > threshold.
- Background fill optionally shown in subpane and/or main chart.
📊 Directional Histogram
- MACD-style histogram showing the difference between the two RSI lines.
- Color-coded based on directional agreement:
- Both rising → green.
- Both falling → red.
- Conflict → yellow.
🧠 Under the Hood — How It Works
🔹 Standard RSI
- Classic ta.rsi() applied to close prices, optionally WMA-smoothed.
🔹 Candle Count RSI (CCR)
- Counts how many candles closed up/down over the period.
- Computes a magnitude-free RSI from these counts.
- Applies a streak-based multiplier to exaggerate trend strength during consecutive green/red runs.
- Optionally smoothed with WMA to create a clean signal line.
- This makes CCR ideal for detecting true directional bias without being faked out by volatile price spikes.
🔹 Divergence Logic
- When Candle RSI and Standard RSI disagree strongly across defined thresholds, background fills highlight early signs of momentum decay or hidden accumulation/distribution.
🔹 Glow Logic
- Glow zones are controlled by a master toggle and drawn with dynamic transparency:
- Further from 50 = stronger conviction = darker glow.
- Shows up in subpane and/or main chart depending on user preference.
📷 Suggested Use Case / Visual Setup
- Use in conjunction with your primary price action system.
- Watch for divergences between the Candle Count RSI and Standard RSI for early trend reversals.
- Use glow bias zones on the main chart to get subconscious directional cues during fast scalping.
- Histogram helps you confirm when both RSI variants agree—useful during strong trending conditions.
🛠️ Tip for Traders
- This tool isn’t trying to “predict” price. It’s designed to visualize hidden market psychology—when buyers are showing up with consistent pressure, or when momentum has a disconnect between conviction and magnitude. Use this to filter entries, spot weak rallies, or sense when a trend is about to break down.
⚠️ WARNING
- Not for use with Heikin Ashi, Renko, etc.).
🧠 Summary
Candle Count RSI is not just another mashup—it's a precision-built, dual-perspective oscillator that captures directional conviction using real candle behavior. Whether you're scalping intraday or swing trading momentum, this script helps clarify trend integrity and exposes hidden weaknesses with elegance and clarity.
—
🛠️ Built by: Sherlock_MacGyver
Feel free to share feedback or reach out if you'd like to collaborate on custom features.
Prev Candle Before Biggest Body (3-7am EST)This indicator automatically identifies and marks, for each trading day, the candle immediately preceding the largest open-to-close movement (in pips) during the key London session window from 3:00am to 7:00am EST (New York time). The largest candle is determined by the absolute difference between its open and close prices, measured in pips. The candle just before this “biggest” move is highlighted with a distinctive pink flag above the bar. This tool is especially useful for traders seeking to analyze pre-breakout price action or to identify key levels and setups that occur right before significant volatility during the early London session.
VIDYA (Chande)This script brings you VIDYA – the Variable Index Dynamic Average, developed by Tushar Chande. It’s not your typical moving average. Unlike the standard SMA or EMA, VIDYA adapts its speed and smoothness based on real-time market momentum using the Chande Momentum Oscillator (CMO).
Think of it like a moving average that gets faster during strong trends and slows down during sideways or choppy markets — just like how a smart trader would!
🧠 What Makes VIDYA Different?
Traditional moving averages use fixed smoothing, so they lag more during big moves or chop during weak trends.
VIDYA fixes that by adapting its behavior dynamically:
When momentum is strong → VIDYA reacts faster 🚀
When momentum is weak → VIDYA smooths out the noise 🧘
⚙️ How It Works (Explained Simply):
1️⃣ CMO Calculation (Chande Momentum Oscillator):
We look at the past cmoLength candles (default 9) and:
i) Add up all the positive price changes (gains)
ii) Add up all the negative price changes (losses)
iii) Use those to compute a normalized momentum score between -100 and +100
📌 CMO = (Gains - Losses) / (Gains + Losses)
• This gives us a momentum reading that powers the next step.
2️⃣ Dynamic Alpha Smoothing:
• We convert the absolute value of the CMO into an alpha — this is the "speed" of the VIDYA.
📌 Higher momentum = higher alpha → faster response
📌 Lower momentum = lower alpha → smoother behavior
3️⃣ VIDYA Formula:
• Finally, we apply the smoothing:
📌 VIDYA = α × Price + (1 - α) × Previous VIDYA
• This equation continuously adapts to market behavior — trending or ranging.
📊 What’s Plotted?
🟠 The VIDYA Line:
A smooth, responsive line plotted on your price chart that adjusts in real-time with price momentum.
🔎 How to Use It:
✅ Use it like a moving average, but smarter:
• Price > VIDYA and rising → Trend is likely up
• Price < VIDYA and falling → Trend is likely down
• Flat VIDYA = Possible consolidation or sideways market
✅ Combine with:
• Breakout strategies (VIDYA confirms momentum)
• Reversal entries (look for price crossing VIDYA)
• Volatility filters (ignore signals when VIDYA flattens)
🧪 Bonus Tip:
Pair this with a volume indicator (like my Volume Confirmation Bars or Volume Strength Highlight) to confirm whether momentum is backed by real participation or just a fakeout.
📩 Want alerts, dual-timeframe overlays, or VIDYA with other base inputs (like typical price or HLC3)? Let me know — happy to expand this for your setup!
Stay adaptive, not reactive — trade smarter with VIDYA! 🧠📉📈
Volume Strength HighlightThis simple script helps you quickly see when volume is strong or weak on the chart — it highlights the candles based on how the current volume compares to the recent average 📊
🔍 Here's what it does:
Calculates a 20-bar average volume
Marks candles green or red if volume is much higher than average (more than 1.5x)
Marks candles gray if volume is very low (less than 0.5x the average)
Normal candles stay unchanged
You can also turn on a basic volume plot in a separate panel if you want to compare visually (just toggle it in settings).
⚠️ It’s not a buy/sell signal — just a helper to see when the market is waking up or going quiet.
Not perfect but works well with other indicators! Let me know if you like it or have ideas to add more 💡
Market Sleep ZonesHey traders 👋
This script shows when the market is in a "sleeping" or low volatility phase. I call it Market Sleep Zones 😴
It looks at the average price movement over a window (default 20 bars), and if the price changes are small (under a % threshold you set), it highlights that area on the chart with a soft green background.
💡 This can help spot moments when the market is quiet — maybe before a breakout or just moving sideways.
It also places labels to mark where these zones start and end, so it's easy to track.
You can change:
The window size (how many bars to look back)
The breath depth (how much price is allowed to move before it’s "not sleeping" anymore)
Not perfect, but helpful if you want to avoid getting chopped in low-volatility zones or want to prepare for when the market "wakes up" 😄
Let me know if you find it useful or have ideas to improve it!
ATR Display ShorcutATR Value Display - On-Chart Volatility Monitor
Clean ATR display directly on your price chart - no extra panels needed!
This indicator displays the current Average True Range (ATR) value as a clean table overlay on your price chart, eliminating the need for a separate indicator panel below your main chart.
✨ Key Features:
On-chart display: ATR value shown directly on price chart
Customizable positioning: Choose from 4 corner positions
Clean design: Minimal, non-intrusive table format
Real-time updates: Always shows the latest ATR value
Adjustable period: Default 14-period, fully customizable
🎯 Perfect For:
Position sizing calculations
Stop-loss placement (1x, 1.5x, 2x ATR)
Volatility assessment at a glance
Clean chart setups without extra panels
Quick reference during live trading
📊 How to Use:
Add to chart
Select your preferred table position
Adjust ATR period if needed (default: 14)
The current ATR value displays automatically
💡 Pro Tip:
Use this ATR value to:
Set stop-losses at 1.5x or 2x ATR distance
Determine position size based on account risk
Compare current volatility to historical levels
Clean charts, clear data, better trading decisions.
Compatible with all timeframes and instruments. Pine Script v6.
Feel free to adjust this description to match your style or add any specific features you want to highlight!
XAU/USD Custom Levels
XAU/USD Dynamic Support & Resistance Levels
This indicator automatically draws horizontal support and resistance levels for Gold (XAU/USD) based on the current market price, eliminating the need for manual price range adjustments.
**Key Features:**
- **Dynamic Price Range**: Automatically calculates levels above and below the current price using a customizable percentage range (default 5%)
- **Multi-Tier Level System**: Four distinct level types with different visual styling:
- Major Levels (100s) - Blue, thick lines
- Sub Levels (50s) - Red, medium lines
- Sub-Sub Levels (25s) - Yellow, thin lines
- Mini Levels (12.5s) - Gray, dotted lines
- **Fully Customizable**: Adjust range percentage, step size, colors, and line history through input settings
- **Universal Compatibility**: Works at any gold price level - whether $1800, $2500, $3300 or beyond
**How It Works:**
The script centers the level grid around the current closing price and extends lines from a specified number of bars back to the right edge of the chart. The hierarchical level system helps identify key psychological price points and potential support/resistance zones commonly used in gold trading.
**Settings:**
- Price Range %: Control how far above/below current price to draw levels (1-20%)
- Level Step Size: Adjust spacing between levels (1.0-50.0)
- Bars Back: Set how far back in history to start the lines
- Color Customization: Personalize colors for each level type
Perfect for gold traders who need clean, automatically-updating support and resistance levels without manual configuration.
5 AM NY 4H Candle High/LowThis indicator identifies the 4-hour candle that starts at 5:00 AM New York time (NYT) and automatically plots its high and low on intraday charts (e.g., 15m, 30m, 1H).
It helps traders:
Highlight a key session window often associated with increased market activity.
Use the 5AM–9AM NYT range for breakout, reversal, or liquidity zone strategies.
See clean horizontal levels that can act as support or resistance throughout the trading day.
🧠 Key Features:
Works on any timeframe below 4H.
Automatically detects and updates daily.
Optional labels to mark the range visually.
Brian Shannon 5-Day MA BackgroundBrian Shannon 5-Day Moving Average with Dynamic Background Fill
OVERVIEW
This indicator implements Brian Shannon's renowned 5-Day Moving Average methodology from his acclaimed work "Technical Analysis Using Multiple Timeframes." The indicator provides instant visual clarity on short-term trend direction and momentum, making it an essential tool for swing traders and active investors.
KEY FEATURES
• True 5-Day Moving Average: Dynamically calculates the correct period across all timeframes (1min, 5min, 15min, 1H, etc.)
• Visual Price-to-MA Relationship: Color-coded fill between price and the moving average
- Green Fill: Price is above the 5-day MA (bullish short-term momentum)
- Red Fill: Price is below the 5-day MA (bearish short-term momentum)
• Multi-Timeframe Compatible: Works seamlessly on any chart timeframe while maintaining the true 5-day calculation
BRIAN SHANNON'S STRATEGIC APPLICATION
Primary Uses:
1. Trend Identification: Quickly identify short-term momentum shifts
2. Dynamic Support/Resistance: The 5-day MA acts as a moving support level in uptrends and resistance in downtrends
3. Entry Signal Confirmation: Look for pullbacks to the 5-day MA as potential entry points in trending stocks
4. Multi-Timeframe Analysis: Essential component of Shannon's multiple timeframe approach
Perfect Combination with:
• AVWAP (Anchored Volume Weighted Average Price): Use together to identify high-probability setups where price is above both the 5-day MA and AVWAP
• Longer-term Moving Averages: Combine with 20-day and 50-day MAs for complete trend analysis
• Volume Analysis: Confirm 5-day MA signals with volume patterns
TRADING APPLICATIONS
For Swing Traders:
• Bullish Setup: Price above 5-day MA + above AVWAP + above longer-term MAs = Strong uptrend
• Bearish Setup: Price below 5-day MA + below AVWAP + below longer-term MAs = Strong downtrend
• Entry Timing: Use pullbacks to the 5-day MA as entry opportunities in the direction of the primary trend
For Day Traders:
• Quick visual confirmation of intraday momentum
• Dynamic support/resistance levels for scalping opportunities
• Clear trend bias for directional trades
WHY THIS INDICATOR WORKS
Brian Shannon's approach emphasizes that the 5-day moving average represents the short-term sentiment of market participants. When price is consistently above this level, it indicates buyers are in control of short-term price action. Conversely, when price falls below, it suggests selling pressure is dominating.
The visual fill makes it immediately obvious:
• How far price is from the 5-day MA
• The strength of the current short-term trend
• Potential areas where price might find support or resistance
BEST PRACTICES
1. Never use in isolation - Always combine with longer timeframe analysis
2. Volume confirmation - Look for volume expansion on moves away from the 5-day MA
3. Multiple timeframe approach - Check higher timeframes for overall trend direction
4. Combine with AVWAP - Most powerful when both indicators align
INSTALLATION NOTES
This indicator automatically adjusts for any timeframe, ensuring you always get a true 5-trading-day moving average regardless of whether you're viewing 1-minute or hourly charts.
Based on the technical analysis methodology of Brian Shannon, author of "Technical Analysis Using Multiple Timeframes"
