Pivot Points + Day First Candle Breakout + VWAP + Supertrend This indicator amalgamates several key indicators to provide a comprehensive analysis for trading decisions, including SuperTrend, Pivot Points, VWAP, along with the Day First Candle Breakout strategy.
Key Features:
Day First Candle Breakout: Identifies potential breakout opportunities based on the first candle of the trading day. It utilizes the high and low of the initial trading range to determine entry points.
Timeframe Selection: Allows users to select the timeframe for analyzing the first candle (e.g., 5, 15, or 60 minutes).
Previous Day and Week High/Low: Displays the high and low of the previous day and week to provide additional context for trading decisions and assess the strength of the trend.
Trend Strength Analysis: Indicates whether the current price is above or below the previous day's high or low, signaling a stronger bullish or bearish trend respectively.
SuperTrend Indicator: Visualizes the trend direction and potential reversal points based on the SuperTrend indicator. It helps traders to stay aligned with the prevailing trend and avoid premature exits.
Pivot Points: Presents key support and resistance levels derived from Pivot Points, assisting traders in identifying potential reversal or breakout zones.
VWAP (Volume Weighted Average Price): Plots VWAP to provide insight into the average price traded over a given period, aiding in determining the fair value of the asset and potential buying/selling zones.
Trading Signals:
Buy Signal: Triggered when the price exceeds the high of the initial trading range after an upward price gap.
Sell Signal: Generated when the price falls below the low of the initial trading range after a downward price gap.
Caveats for Effective Trading:
Extended Trading Ranges: Adjusts support and resistance levels if the initial trading range extends beyond the defined timeframe.
Morning Noise Consideration: Exercises caution during volatile morning sessions to avoid false breakouts and whipsaws.
Pullbacks and Narrow Range Bars: Looks for opportunities during pullbacks or when the price forms narrow range bars to enter trades, reducing the risk of sudden reversals.
Tìm kiếm tập lệnh với "breakout"
Day First Candle BreakoutR-DFCB V1.5: Day First Candle Breakout
This indicator identifies potential breakout opportunities based on the first candle of the trading day. It considers the high and low of the initial trading range to determine possible entry points, along with the previous day's high and low to gauge the strength of the trend.
Key Features:
Day First Candle Breakout: Analyzes the first candle of the trading day to identify potential breakout scenarios.
Timeframe Selection: Allows users to select the timeframe for analyzing the first candle (e.g., 5, 15, or 60 minutes).
Previous Day and Week High/Low: Displays the high and low of the previous day and week to provide additional context for trading decisions.
Previous Day Trend Strength: Indicates whether the current price is above or below the previous day's high or low, signaling a stronger bullish or bearish trend respectively.
Trading Signals:
Buy Signal: Triggered when the price exceeds the high of the initial trading range after an upward price gap.
Sell Signal: Generated when the price falls below the low of the initial trading range after a downward price gap.
Trend Strength Analysis:
Strong Bullish Trend: If the current price is above the previous day's high, it indicates a stronger bullish trend.
Strong Bearish Trend: If the current price is below the previous day's low, it suggests a stronger bearish trend.
Caveats for Effective Trading:
Extended Trading Ranges: Adjusts support and resistance levels if the initial trading range extends beyond the defined timeframe.
Morning Noise Consideration: Exercises caution during volatile morning sessions to avoid false breakouts and whipsaws.
Pullbacks and Narrow Range Bars: Looks for opportunities during pullbacks or when the price forms narrow range bars to enter trades, reducing the risk of sudden reversals.
Price Percentage Breakout by Time PeriodDescription:
The Price Percentage Breakout by Time Period (P%BTP) indicator is a technical analysis tool designed to identify potential breakout signals based on the percentage change in price over a specified lookback period. It helps traders identify significant price movements that exceed a user-defined threshold, indicating potential trading opportunities.
How it Works:
The P%BTP indicator calculates the percentage change between the open and close prices of each candle. It compares this percentage change to the highest percentage change observed over the specified lookback period. When the percentage change exceeds or equals this highest value, it indicates a potential breakout signal. The indicator colors the bars on the chart based on whether it's a bullish or bearish breakout.
Usage:
To effectively utilize the Price Percentage Breakout by Time Period indicator, follow these steps:
1. Apply the P%BTP indicator to your chart by adding it from the available indicators.
2. Customize the input settings to suit your preferences. You can define the lookback period, which determines the number of bars used for calculating the percentage change, as well as choose colors for bullish and bearish breakouts.
3. Observe the bars on the chart:
- Bars highlighted in the bullish color indicate potential bullish breakout signals.
- Bars highlighted in the bearish color indicate potential bearish breakout signals.
4. Interpret the breakout signals:
- A bullish breakout signal occurs when the percentage change in price exceeds or equals the highest percentage change observed over the lookback period, indicating a potential upward movement.
- A bearish breakout signal occurs when the percentage change in price exceeds or equals the highest percentage change observed over the lookback period, indicating a potential downward movement.
5. Consider additional analysis:
- Combine the breakout signals from the P%BTP indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups.
6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital.
Note: The Price Percentage Breakout by Time Period indicator provides insights into potential breakout signals based on the percentage change in price over a specified lookback period. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Price Percentage Breakout by Chosen PercentageDescription:
The Price Percentage Breakout indicator (P%B) is a technical analysis tool designed to identify potential breakout signals based on percentage changes in price. It helps traders identify significant price movements that exceed a specified threshold, indicating potential trading opportunities.
How it Works:
The Price Percentage Breakout indicator calculates the percentage change between the open and close prices of each candle. It compares this percentage change to a user-defined threshold to determine if a breakout has occurred. When the percentage change exceeds the threshold, indicating a significant price movement, the indicator highlights the breakout on the chart. Additionally alerts can be created by the user that display the percentage of the breakout.
Usage:
To effectively utilize the Price Percentage Breakout indicator, follow these steps:
1. Apply the P%B indicator to your chart by adding it from the available indicators.
2. Customize the input settings to suit your preferences. You can choose the color for highlighting the breakout and set the percentage threshold for detecting breakouts.
3. Observe the bars on the chart:
- Bars highlighted in the chosen color indicate potential breakout signals.
4. Interpret the breakout signals:
- A breakout signal occurs when the percentage change in price exceeds the specified threshold. This suggests a significant price movement.
5. Consider additional analysis:
- Combine the breakout signals from the Price Percentage Breakout indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups.
6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital.
Note: The Price Percentage Breakout indicator provides insights into potential breakout signals based on percentage changes in price. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Psychological levels (Bank levels) PsychoLevels v3 - TartigradiaPsychological levels (Bank levels) plots the closest "round" price levels above and below current price, based on neuroscience research of how humans intuitively calculate in logarithms.
Psychological levels, also called bank levels, are "round" price numbers, by truncating after the nth leftmost digits, around which price often experience resistance or support, because traders and investors tend to set orders around these round numbers.
The calculation done here is fully automatic and dynamic, contrary to other similar scripts, this one uses a mathematical calculation that extracts the 1, 2 or 3 leftmost digits and calculate the previous and next level by incrementing/decrementing these digits. This means it works for any symbol under any price range.
This approach is based on neuroscience research, which found that human brains intuitively approximate numbers on a logarithmic scale, adults and children alike, and similarly to macaques, for more info see Numerical Cognition , Weber-Fechner Law , Zipf law .
For example, if price is at 0.0421, the next major price level is 0.05 and medium one is 0.043. For another asset currently priced at 19354, the next and previous major price levels are 20000 and 10000 respectively, and the next/previous medium levels are 20000 and 19000, and the next/previous weak levels are 19400 and 19300.
IMPORTANT: Please enable "Scale price chart only" in the chart's scale's options, as otherwise major levels may make the chart's scale very small and hard to read.
How it works
At any time, there are 3 levels of strength (1 leftmost digit, 2 leftmost digits, 3 leftmost digits) represented by different sizes, and 3 directional levels for each of these strengths (level above, level below, and half-level) represented by different colors and positions, around current price.
Indeed, contrary to other similar price levels scripts, we do not plot ALL price levels at all times, because otherwise the chart becomes wayyy too cluttered, and also it's highly processing intensive to plot so many lines. So we here use a dynamical approach: we plot only the relevant levels, the closest ones according to current price.
Hence, when a level disappears, it does not mean that it does not exist anymore, but simply that we are not drawing it right now because it is not pertinent for the current price movement (ie, too far away).
Breakouts can be detected in two different ways depending on if SMA is set to a value higher than 1 or not: if SMA == 1, then there is no smoothing, so the levels adapt instantaneously to the current price, so to detect breakout, you should refer to the levels at the previous tick and whether they were broken by current tick's price; if SMA > 1, then there is some smoothing, and so the levels will stay in-place even if there is a breakout, so it's easier to spot breakouts without having to look at the previous ticks, but on the other hand you won't see the new levels for the new price range until after a few more ticks for the smoothing window to adapt. Hence, by default, smoothing is disabled, so that you can see the currently pertinent levels at all time, even right after or during a breakout.
By default, the strong above level is in green, strong below level is in red, medium above level is in blue, medium below level is in yellow, and weak levels aren't displayed but can be. Half levels are also displayed, in a darker color. Strong levels are increments of the first leftmost digit (eg, 10000 to 20000), medium levels are increments of the second leftmost digit (eg, 19000 to 20000), and weak levels of the third leftmost digit (eg, 19100 to 19200). Instead of plotting all the psychological levels all at once as a grid, which makes the chart unintelligible, here the levels adapt dynamically around the current price, so that they show the above/below/half levels relatively to the current price.
Indeed, "half-levels" are also displayed (eg, medium level can also display 19500 instead of only 19000 or 20000). This was made because otherwise the gap between two levels was too big, especially for the strongest levels (eg, there was no major level between 20000 and 30000, but with a half-step we also get a half-level at 25000, and empirically price tends to respect these half levels - I also tried quarter levels but empirically the results were not good). In addition to this hard-coded half-level, you can also create more subdivisions (eg, quarter levels) by setting the simple moving average to a value higher than 1.
The script can be made to run on the daily timeframe whatever the current chart's timeframe is, to reduce the variability in levels, to make it less noisy than intraday price movement. But by default, the chart resolution is used, because I empirically found that the levels found with this indicator work on all time resolutions quite well.
The step can be adjusted to increase the gap between levels, eg, if you want to display one every 2 levels then input step = 2 (eg, 22000, 24000, 26000, etc), or if you want to display quarter levels, input 0.25 (eg, 22000, 22250, 22500, etc). The default values should fit most use cases and cover most psychological levels.
How to read
Focust first on bigger dotted levels, they are stronger and more likely to cause a rebound or a major event or price to stay at this level.
Remember that it's not enough to just look at levels, the context is important, because levels have various effects depending on current price movement: if price is above a level, the level is a support on which price can rebound; if price is below a level, the level is a resistance on which price can rebound (or break); and finally sometimes price also stays hovering around a level for some time.
Levels closer to 9 are less weaker, and levels closer to 0 are stronger, according to Zipf law. This is now reflected since v3 in the transparency, levels that are closer to 9 will be more transparent.
The switch in color for the same level illustrates how a level switches from being a support to a resistance and inversely. Eg, if a major level turns from green to red, then it changed from being a resistance (above) to a support (below).
As is well known in trading, longer standing levels are stronger. This indicator provides a direct illustration: in practice, the number of consecutive dots on the same line influences the strength of the level: the longer the chain of dots, the more you can expect this price level to be significant. The length does not mean the level will necessarily hold, but that other traders are likely to monitor if it holds, and if not then price will break down. Hence, longer levels are good spots to place stop losses, or to enter trades depending on your strategy. In general, a single dot is not enough to consider a level significant, but 2 or more is a good enough level, and 10+ is a strong level. Intuitively, this makes sense, and is what pro traders do: the longer a level is tested, the stronger it is. This indicator can visually represent this intuition and allows to use it as a more systematic trading signal.
Motivation
I initially made the first version of the PsychoLevels indicator mainly to train with PineScript, but I found it surprisingly accurate to define levels that are respected by price movements. So I guess it can be useful for new traders and experienced traders alike, as it's easy to forget that psychological levels can often be as strong if not stronger than technical levels. It can also be used to quickly screen other minor assets for trading opportunities. For example, a hybrid strategy would be to manually define levels on BTCUSD but using this script to automatically define levels in crypto altcoins and quickly screen them for a trade opportunity that can be greater than with BTCUSD but with the same trend.
Personally, although initially I did not believe an automated tool would work well for this purpose, I could now empirically verify that it is quite reliable for the purpose of detecting levels, and so I use it all the time to find the levels automatically and help me monitor them like a hawk, so that I only have to draw uber major levels, the ones that last between cycles and that are hard to autodetect, but otherwise all daily/weekly levels are usually covered. However, trendlines must still be drawn manually or with another indicator (but note that up to now I have found none that worked well enough), as PsychoLevels only draws levels (ie, horizontal lines, not oblique ones!).
Differences with the previous version PsychoLevels v2
price levels now have a transparency according to their importance for the human brain: numbers closer to 9 are weaker, and numbers closer to 0 are stronger and represent a major psychological threshold (eg, that's why prices marked as $9.99 sell better than $10.00). This option can be disabled to get the exact same behavior as v2.
modularized and typed code
PsychoLevels v2 can be found here:
SBS AlgoHello traders, I am here again with a new and improved indicator.
This indicator is based on a pivot breakout algorithm which gives buy and sell signals according to the breakout of trendline. This is an advanced version of another script. It also takes price action into consideration along with some basic indicators like MACD and ADX to give good entry signals.
NOTE: This indicator is not designed to take entries completely based on signals it gives. Please use it along with your trading strategy to add more confluence to your trading system and maximize your profits.
I hope you guys will like this one too .Enjoy 👍
In case you find any bug, please do report in comment section .Thank you.
MM Chop Filter Range BoxesMatch with the MM Chop Filter
This draw Non repainting range boxes when the oscillator see a range.
-Breakout Buy/Sell Signals and Exit signals when prices enters a range just in case you did get into a trade. .
-Alarms to match the signals
How to use
Match with the oscillator and always trade the trend with your strategy confirmation and the breakout this indicator provides
Newton theory (Bollinger Band Breakout)Initial capital 1000 USD
Order size 10%
Commission 0.3% with slippage
Timeframe 4h
This is Simple Bollinger Band Trend find out strategy.
I'm using the usual trailing offset as an exit for this strategy.
using 1x leverage to go long short within 3years backtest result more then 200% for all usd pair.
in next version i will try to find out more optimize sma,std,sl,tp parameter by using freqtrade hyperparameter optimization.
Happy Trading :)
False BreakoutA false breakout is when the price temporarily moves above or below a key support or resistance level, but then later retreats back to the same side as it started.
The “False Breakout” indicator reveals false breakouts in comparison to the previous candle.
In case we're looking to trade the stock for long this would mean that the price of the stock broke the previous low (support) and then got back above that low.
In case we're looking to trade the stock for short then a false breakout would mean the stock broke the previous high (resistance) and then got back below that high.
How to use the indicator?
First choose the direction you're looking to trade, meaning either long or short.
Then choose how strict you want to be about the Falls brakes.
There are three options:
The first option named “All“ means that it's enough that the stock broke the previous level and then get back to the original side.
The second option is “Supporting Change” meaning not only that the stock broke the previous key level (support or resistance), but also the change at the end of the candle is supporting the main direction - meaning the change is positive for long or negative for short.
The third option is “Engulfing”. This is a well-known candle, but to make it clear, in our case “Engulfing” means that not only the stock broke the previous level but it also ended the day on the other side of the candle - higher than the previous high, in case of long, and lower than the previous low, in case of short.
When you choose the level of strictness you determine how many indications you're going to get on the chart.
If you choose the highest level of strictness, meaning “Engulfing”, you would only see the red flags indicating engulfing candles.
If you choose the lowest level of strictness, meaning “All”, you will get more indications on your chart, including every false breakout.
When the direction you're looking for is long, all indications would appear below the candles.
When the direction you're looking for is short, then all indications would appear above the candles.
The Engulfing candles are represented by Red flags, and the Simple breakouts candles are represented by yellow. All colors may be adjusted to your preference.
Explaining the example above:
In the chart above we can see two consolidations. At the end of each consolidation, we can see a candle with an indication from the indicator that points out that this could be the end of the consolidation and the stock might continue its move.
In “consolidation 1” we can see that there is an orange flag below the candle right before the stock began to move up again.
In “consolidation 2” we can see that there is a red flag below the candle, right before the stock began another move.
Wishing you all the best :)
Soldiers Pattern ModifiedThis can be perceived as modified 3 soldiers, relaxed NR4 or even extended harami candlestick pattern.
Works for any instrument and any timeframe.
The idea is to find out any number of candles having their individual highs and lows, all within high and low range of base candle.
The count of soldiers and if they must be of same color, both can be configured.
Additional configurable settings is to add further check of having body of soldiers as well within body of base candle.
Trading strategy: Trade high or low breakout of base candle, having other as stop loss, for a risk reward ratio of 1:2.
Donchain BreakoutIt is a long only strategy.
1. Buy when price breaks out of the upper band.
2. Exit has two options. Option 1 allows you to exit using lower band. Option 2 allows you to exit using basis line.
3. Slippage and commissions are not considered in the return calculation.
Seismic Market Spike Detector v1.0 Seismic Market Spike Detector v1.0
This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices.
This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an insight into the current volatility of the price at that time in the market. Quite often big price swings with in bars are missed as people pend to tunnel vision on the open or close price - or other indicators derived from open / close.
The Red line is similar to the blue bar as it depicts extreme price movements with in the bar , but it will show the direction the market moved in by the close of the bar - and relatively how much the market moved. This is helpful for spotting breakout price action or short term spikes. Quite often after a breakout the market will restore itself to an equilibrium in the opposite direction. Sometimes this happens with an opposing aggressive spike , some times it makes a steady return to a known price level. Either way its a great time to place entry orders if you are looking to turn a fast profit or alternatively a good warning of forth coming price volatility.
Here are some tips for analysing the red and blue lines :
1)If the red line is pointing upwards , this indicates a sharp rise in the price.
2)If the red line is pointing downwards , this indicates a sharp fall in the price.
3)If the red line is flat but the blue line is spiked in either direction - this indicates the price was volatile with in the bar , but the price closed relatively near to the surrounding price bars. Perhaps a limit / stop triggered by this kind of activity - this is an easy way to determine why and re-enter.
4)If the red and the blue lines are flat - the price is steadily moving with a trend or trading sideways in a confined range.
Momentum_EMABand📢 Reposting Notice
I am reposting this script because my earlier submission was hidden due to description requirements under TradingView’s House Rules. This updated version fully explains the originality, the reason for combining these indicators, and how they work together. Follow me for future updates and refinements.
🆕 Momentum EMA Band, Rule-Based System
Momentum EMA Band is not just a mashup — it is a purpose-built trading tool for intraday traders and scalpers that integrates three complementary technical concepts into a single rules-based breakout & retest framework.
Originality comes from the specific sequence and interaction of these three filters:
Supertrend → Sets directional bias.
EMA Band breakout with retest logic → Times precise entries.
ADX filter → Confirms momentum strength and avoids noise.
This system is designed to filter out weak setups and false breakouts that standalone indicators often fail to avoid.
🔧 How the Indicator Works — Combined Logic
1️⃣ EMA Price Band — Dynamic Zone Visualization
Plots upper & lower EMA bands (default: 9-period EMA).
Green Band → Price above upper EMA = bullish momentum
Red Band → Price below lower EMA = bearish pressure
Yellow Band → Price within band = neutral zone
Acts as a consolidation zone and breakout trigger level.
2️⃣ Supertrend Overlay — Reliable Trend Confirmation
ATR-based Supertrend adapts to volatility:
Green Line = Uptrend bias
Red Line = Downtrend bias
Ensures trades align with the prevailing trend.
3️⃣ ADX-Based No-Trade Zone — Choppy Market Filter
Manual ADX calculation (default: length 14).
If ADX < threshold (default: 20) and price is inside EMA Band → gray background marks low-momentum zones.
🧩 Why This Mashup Works
Supertrend confirms trend direction.
EMA Band breakout & retest validates the breakout’s strength.
ADX ensures the market has enough trend momentum.
When all align, entries are higher probability and whipsaws are reduced.
📈 Example Trade Walkthrough
Scenario: 5-minute chart, ADX threshold = 20.
Supertrend turns green → trend bias is bullish.
Price consolidates inside the yellow EMA Band.
ADX rises above 20 → trend momentum confirmed.
Price closes above the green EMA Band after retesting the band as support.
Entry triggered on candle close, stop below band, target based on risk-reward.
Exit when Supertrend flips red or ADX momentum drops.
This sequence prevents premature entries, keeps trades aligned with trend, and avoids ranging markets.
🎯 Key Features
✅ Multi-layered confirmation for precision trading
✅ Built-in no-trade zone filter
✅ Fully customizable parameters
✅ Clean visuals for quick decision-making
⚠ Disclaimer: This is Version 1. Educational purposes only. Always use with risk management.
Opening Range BreakoutOPENING RANGE BREAKOUT (ORB) INDICATOR
DESCRIPTION
The Opening Range Breakout indicator is a powerful technical analysis tool designed specifically for US equity markets. It identifies and visualizes the opening range established during the first configurable minutes of each trading day (starting at 9:30 AM EST), then provides clear signals when price breaks out of or rejects from these key levels.
This indicator combines multiple timeframe analysis capabilities with precise breakout detection to help traders identify high-probability trading opportunities based on opening range dynamics.
KEY FEATURES
Configurable Opening Range:
• Set opening range duration from 5 minutes to 4 hours
• Automatically adjusts calculations based on your chart timeframe
• Works on any timeframe (1m, 5m, 15m, 1h, etc.)
Multi-Day Range Display:
• Shows up to 50 days of historical opening ranges
• Each day's range properly contained within its trading session
• Range lines extend from market open (9:30 AM) to market close (4:00 PM EST)
Clear Signal System:
• Green arrows (⬆): Bullish breakouts and rejections
• Red arrows (⬇): Bearish breakouts and rejections
• Two signal types: Close breakouts (normal size) and wick rejections (small size)
Visual Range Highlighting:
• Opening range period highlighted with colored box
• Customizable colors for range fill, borders, and midline
• Clean, professional appearance with configurable line styles
SIGNAL TYPES
Bullish Signals (Green ⬆):
1. Close Breakout Above Range (Normal Size): 5-minute candle closes above the opening range high
2. Wick Rejection from Below (Small Size): Price wicks below the opening range low but closes back inside the range
Bearish Signals (Red ⬇):
1. Close Breakout Below Range (Normal Size): 5-minute candle closes below the opening range low
2. Wick Rejection from Above (Small Size): Price wicks above the opening range high but closes back inside the range
CONFIGURATION OPTIONS
Range Settings:
• Opening Range Minutes: Duration of opening range (default: 30 minutes)
• Lookback Days: Number of historical days to display (default: 20 days)
Visual Customization:
• Range Color: Fill color for the opening range area
• Border Color: Color for range high/low lines
• Midline Color: Color for the range midpoint line
• Opening Range Highlight Color: Color for the opening period box
• Line Style: Solid, Dashed, or Dotted lines
• Line Width: 1-4 pixel width options
Display Options:
• Show Midline: Toggle midpoint line display
• Show Range Labels: Toggle price level labels
• Arrow Distance: Adjust arrow positioning (0.1-2.0%)
USAGE GUIDE
Basic Setup:
1. Add the indicator to your chart (works best on 5-minute timeframe)
2. Configure your preferred opening range duration (15m, 30m, or 60m are popular choices)
3. Adjust lookback days based on your analysis needs
4. Customize colors and line styles to match your chart theme
Trading Applications:
Breakout Trading:
• Long Entry: Green arrow (close breakout above range) + confirmation
• Short Entry: Red arrow (close breakout below range) + confirmation
• Stop Loss: Opposite side of the opening range
• Target: 1-2x the range size or key support/resistance levels
Range Rejection Trading:
• Reversal Setups: Small arrows indicate failed breakouts
• Mean Reversion: Trade back toward range midline
• Support/Resistance: Use range levels as key price zones
Multi-Day Analysis:
• Identify recurring support/resistance levels
• Analyze range expansion/contraction patterns
• Compare current day's activity to recent history
BEST PRACTICES
1. Timeframe Selection: 5-minute charts provide optimal signal clarity
2. Range Duration: 30-minute opening range is most commonly used, but adjust based on:
- Market volatility
- Stock characteristics
- Trading style preference
3. Confirmation: Use additional indicators or price action for trade confirmation
4. Risk Management: Always use appropriate position sizing and stop losses
MARKET SESSIONS
The indicator is specifically designed for US equity markets:
• Market Open: 9:30 AM EST
• Market Close: 4:00 PM EST
• Opening Range: Calculated from market open
• Range Lines: Extend throughout the trading day only
PERFORMANCE NOTES
• Optimized for real-time trading with minimal lag
• Automatically manages memory by cleaning old ranges
• Efficiently handles multiple timeframes and range calculations
KNOWN ISSUES & WORKAROUNDS
Historical Buffer Error:
Issue: Occasionally, you may encounter an error: "The requested historical offset (XXX) is beyond the historical buffer's limit (770)"
Workaround:
1. Switch to a different timeframe temporarily
2. Switch back to your original timeframe
3. The indicator will reload and function normally
This is a Pine Script limitation related to historical data access and doesn't affect the indicator's core functionality.
COMPATIBILITY
• Pine Script Version: v6
• Chart Types: All chart types supported
• Timeframes: All timeframes (optimized for 1m-1h)
• Markets: Designed for US equity markets during regular trading hours
TIPS FOR MAXIMUM EFFECTIVENESS
1. Combine with Volume: High volume on breakouts increases reliability
2. Market Context: Consider overall market direction and volatility
3. News Awareness: Be cautious around earnings and major announcements
4. Range Quality: Wider ranges often provide better breakout opportunities
5. Time of Day: Early breakouts (first 1-2 hours) often have higher follow-through
This indicator is provided for educational and informational purposes. Always conduct your own analysis and manage risk appropriately.
Session Breakouts & Trend Indicator# Session Breakouts & Trend Indicator
This indicator identifies high-probability trading opportunities by tracking key intraday sessions and their breakouts while aligning them with the overall market trend direction.
## What Makes This Indicator Unique
Unlike standard breakout indicators that only identify when price crosses a threshold, this indicator:
- Dynamically identifies and tracks important daily sessions (default: AM 09:00-10:00 and PM 15:00-16:00)
- Determines trend direction using a triple EMA system (20/50/200)
- Shows when breakouts align with the overall trend (higher probability setups)
- Provides visual confirmation with session ranges, breakout levels, and background highlighting
- Includes a comprehensive information panel showing trend/session alignment
## How It Works
The indicator tracks two important daily sessions:
1. **AM Session**: Typically the first hour of trading (default: 09:00-10:00)
2. **PM Session**: Typically the last hour of trading (default: 15:00-16:00)
For each session, it:
- Marks the high and low range
- Establishes breakout levels above/below these ranges
- Detects when price breaks beyond these levels
- Determines if the breakout aligns with the prevailing trend
The trend is calculated using three EMAs (20, 50, 200) for reliable trend identification.
## How To Use
1. Apply the indicator to your chart (works best on 5-minute timeframes)
2. Adjust session times to match your trading schedule if needed
3. Watch for breakouts above session highs (bullish) or below session lows (bearish)
4. Check the information panel to see if the breakout aligns with the trend
5. Enter trades in the direction of trend-aligned breakouts for higher probability setups
6. Set stop losses below the opposite side of the session range
## Settings
- **Session Times**: Customize AM and PM session times
- **EMA Lengths**: Adjust trend determination sensitivity
- **Visualization Options**: Toggle display of sessions, breakouts, and VWAP
- **Alert Settings**: Configure alerts for breakouts and trend-aligned conditions
This indicator is valuable for day traders and swing traders looking for objective entry points with higher probability of success.
Institutional MACD (Z-Score Edition) [VolumeVigilante]📈 Institutional MACD (Z-Score Edition) — Professional-Grade Momentum Signal
This is not your average MACD .
The Institutional MACD (Z-Score Edition) is a statistically enhanced momentum tool, purpose-built for serious traders and breakout hunters . By applying Z-Score normalization to the classic MACD structure, this indicator uncovers statistically significant momentum shifts , enabling cleaner reads on price extremes, trend continuation, and potential reversals.
💡 Why It Matters
The classic MACD is powerful — but raw momentum values can be noisy and relative , especially on volatile assets like BTC/USD . By transforming the MACD line, signal line, and histogram into Z-scores , we anchor these signals in statistical context . This makes the Institutional MACD:
✔️ Timeframe-agnostic and asset-normalized
✔️ Ideal for spotting true breakouts , not false flags
✔️ A reliable tool for detecting momentum divergence and exhaustion
🧪 Key Features
✅ Full Z-Score normalization (MACD, Signal, Histogram)
✅ Highlighted ±Z threshold bands for overbought/oversold zones
✅ Customizable histogram coloring for visual momentum shifts
✅ Built-in alerts for zero-crosses and Z-threshold breaks
✅ Clean overlay with optional display toggles
🔁 Strategy Tip: Mean Reversion Signals with Statistical Confidence
This indicator isn't just for spotting breakouts — it also shines as a mean reversion tool , thanks to its Z-Score normalization .
When the Z-Score histogram crosses beyond ±2, it marks a statistically significant deviation from the mean — often signaling that momentum is overstretched and the asset may be due for a pullback or reversal .
📌 How to use it:
Z > +2 → Price action is in overbought territory. Watch for exhaustion or short setups.
Z < -2 → Momentum is deeply oversold. Look for reversal confirmation or long opportunities.
These zones often precede snap-back moves , especially in range-bound or corrective markets .
🎯 Combine Z-Score extremes with:
Candlestick confirmation
Support/resistance zones
Volume or price divergence
Other mean reversion tools (e.g., RSI, Bollinger Bands)
Unlike the raw MACD, this version delivers statistical thresholds , not guesswork — helping traders make decisions rooted in probability, not emotion.
📢 Trade Smart. Trade Vigilantly.
Published by VolumeVigilante
PumpC Opening Range Breakout (ORB) Stretch RangePumpC ORB Stretch
The PumpC ORB Stretch is a volatility-based indicator that helps traders identify potential breakout zones by analyzing how price typically behaves around the open. This tool is inspired by concepts introduced by Toby Crabel in his well-known book “Day Trading with Short-Term Price Patterns and Opening Range Breakout.”
Rather than predicting market direction, this indicator highlights areas where price is likely to expand based on recent volatility. It is designed for traders who prefer dynamic, data-driven breakout levels over static support and resistance zones.
What Is the "Stretch"?
In Toby Crabel’s framework, the Stretch is the average of the smaller of two price moves:
The distance from the open to the high of the bar
The distance from the open to the low of the bar
This smaller value captures the “quiet side” of the candle and reflects recent price compression. Averaged over multiple periods (commonly 10 daily bars), it creates a baseline to assess how far price may move away from the open under typical market conditions.
How the Indicator Works
The PumpC ORB Stretch follows this process:
Uses a higher timeframe (such as daily) to calculate the open, high, and low.
For each bar, measures the smaller of the two distances: open to high or open to low.
Applies a moving average to the result over a user-defined number of bars (default is 10).
Multiplies the average stretch by customizable levels (e.g., 0.382, 1.0, 2.0).
Plots breakout levels above and below the open of the selected timeframe.
The result is a set of adaptive levels that expand or contract with market volatility.
Customization Options
Stretch Timeframe: Choose the timeframe used for stretch calculation (default: Daily).
Stretch Length: Set the number of bars to include in the moving average.
Breakout Levels: Enable or disable individual levels and define multipliers.
Color Settings: Customize colors for each range level for easy visual distinction.
Plot Style: Circular markers are used to reduce chart clutter and improve readability.
How to Use It
Use plotted levels to anticipate possible breakouts from the open.
Adjust stretch length to reflect short-term or longer-term volatility trends.
Combine this tool with momentum indicators, volume, or price action for confirmation.
Use levels to help guide stop placement or profit targets in breakout strategies.
Important Notes
This script is based on an interpretation of Crabel’s concepts and is not affiliated with Crabel Capital or the original author.
The indicator does not predict direction; it is a tool for context and structure.
It is recommended that users test and validate this tool in a simulated environment before applying it to live trading.
This indicator is intended for educational purposes only.
Licensing and Attribution
This script is built entirely in Pine Script v5 and follows TradingView’s open-source standards. It does not include any third-party or proprietary code. If you modify or share it, please credit the original idea and follow all TradingView script publishing rules.
SSL Channel MTFSSL Channel with MTF support, This eliminates the noise of a basic SSL Channel script which is based on ErwinBeckers SSL Channel. So i have used a Multi Time Frame approach to have a clear confirmation of trend and reduce Noise and False signals unlike basic SSL Channel.
This script can be used to determine.
Support/Resistance
High/Low Breakout
Trend Direction
MA candles for Entry
The high and low sma are plotted as SSL CHANNEL when ever the high and low sma cross each other a direction change is observed.
The direction of SSL channel determines the trend of the price. The length of the channel can be changed as required a low value has a high noise and direction can be determined with low accuracy. Increasing the length of SSL channel has high accuracy trend confirmation.
The MTF SSL Channel uses plot from higher timeframe this helps in using SSL Channel as a Price Action Tool. Price when ever crosses over or below the channel determines a breakout. Price tries to move between the High SMA line and Low SMA Line of the SSL Channel rejection, breakouts can be easily observed on a lower timeframe using SSL Channel Plot from a higher timeframe.
I have used 5min/15min chart with MTF SSL from a 1Hr/4Hr and a length of 5 instead of 10. This helps quick direction changes over a period of 1hr to 4hr. Price is trapped within the High SMA and Low SMA lines of SSL Channel. In addition to SSL High Low and average mid line is plotted to additional reference.
Buy Sell Signals are plotted based on crossover of SMA High and Low.
Candle are Plotted Using a SMA with length of 5. This Candle Plot can be used to make an entry based on direction confirmation of SSL. keep in mind the direction of SSL Plot and the candle must be same. Preferably Entry can made above or below the midline of SSL Channel. The Candle Plot eliminates the Noise of traditional Japanese Candlesticks.
Additionally MACD Crossover and MACD Trend line confirmations can be used to confirm a Buy Sell and Entry signals
Alerts are also plotted accordingly.
ORB with ATR Trailing SL [Bluechip Algos]This is a simple ORB (Opening Range Breakout) Indicator that not only signals breakout directions based on the opening session range but also includes trailing stop levels to manage ongoing trades. Instead of regular fixed Stop loss, we use ATR indicator (ATR based SL) to trail the stop loss that might help in maximizing the profitable trades. This helps especially during the trending days where market moves unidirectionally.
About the Indicator
Opening Range Identification: The indicator defines an initial session timeframe and captures the highest and lowest prices during this period.
Breakout Signals: It signals potential entry points when the price crosses these range boundaries.
Trailing Stop Calculation: Customizable trailing stop-loss based on ATR percentage, helping users lock in profits.
Features
Session Customization: User-defined session for setting the opening range.
Entry Signal Customization: Allows configuration for breakouts on either a closing basis or upon touching the level.
Automatic Stop-Loss Adjustments: Dynamic trailing stop levels that adapt to both long and short entries.
Visual Display: Highlights breakout levels and plots lines representing stop-loss levels.
Understanding the Indicator
Range Calculation: After defining the session, the high and low of the session are locked. The high serves as the upper breakout boundary, and the low as the lower boundary.
Signals (Buy and Sell): The indicator uses crossover conditions:
Buy Signal ("B") when price crosses above the ORB high.
Sell Signal ("S") when price crosses below the ORB low.
Trail Stop Calculation: When a signal is triggered, a trailing stop level is set and updates as the trade progresses:
Long positions have a stop-loss based on a percentage below the last closing price.
Short positions have a stop-loss based on a percentage above the last closing price.
Input Parameters
Session Time (ORB Session Time): Start and end times for setting the ORB range.
Signal Configuration: Choice between "CLOSE" (signal on close) or "TOUCH" (signal as soon as level is touched).
ATR Percentage: Sets the percentage for the trailing stop calculation.
Low Volatility Range Breaks [BigBeluga]Low Volatility Range Breaks
The Low Volatility Range Breaks indicator is an advanced technical analysis tool designed to identify periods of low volatility and potential breakout opportunities. By visualizing low volatility ranges as ranges and tracking subsequent price movements, this indicator helps traders spot potential high-probability trade setups.
🔵 KEY FEATURES
● Low Volatility Detection
Identifies periods of low volatility based on highest and lowest periods and user-defined sensitivity
Uses a combination of highest/lowest price calculations and ATR for dynamic adaptation
● Volatility Box Visualization
Creates a box to represent the low volatility range
Box height is adjustable based on ATR multiplier
Includes a mid-line for reference within the box
● Breakout Detection
Identifies when price breaks above or below the volatility box
Labels breakouts as "Break Up" or "Break Dn" on the chart
Changes box appearance to indicate a completed breakout
● Probability Tracking
Counts the number of closes above and below the box's mid-line
Displays probability counters for potential upward and downward moves
Resets counters after a confirmed breakout
🔵 HOW TO USE
● Identifying Low Volatility Periods
Watch for the formation of volatility boxes on the chart
These boxes represent periods where price movement has been confined
● Anticipating Breakouts
Monitor price action as it approaches the edges of the volatility box
Use the probability counters to gauge the likely direction of the breakout
● Trading Breakouts
Consider posible entering trades when price breaks above or below the volatility box
Use the breakout labels ("Break Up" or "Break Dn") as a trading opportunity
● Managing Risk
Use the opposite side of the volatility box as a potential invalidation level
Consider the box height for position sizing and risk management
● Trend Analysis
Multiple upward breakouts may indicate a developing uptrend
Multiple downward breakouts may suggest a forming downtrend
Use in conjunction with other trend indicators for confirmation
🔵 CUSTOMIZATION
The Low Volatility Box Breaks indicator offers several customization options:
Adjust the volatility length to change the period for highest/lowest price calculations
Modify the volatility level to fine-tune the sensitivity of low volatility detection
Adjust the box height multiplier to change the size of volatility boxes
By fine-tuning these settings, traders can adapt the indicator to various market conditions and personal trading strategies.
The Low Volatility Range Breaks indicator provides a unique approach to identifying potential breakout opportunities following periods of consolidation. By visually representing low volatility periods and tracking subsequent price movements, it offers traders a powerful tool for spotting high-probability trade setups.
This indicator can be particularly useful for traders focusing on breakout strategies, mean reversion tactics, or those looking to enter trades at the beginning of new trends. The combination of visual cues (boxes and breakout labels) and quantitative data (probability counters) provides a comprehensive view of market dynamics during and after low volatility periods.
As with all technical indicators, it's recommended to use the Low Volatility Range Breaks indicator in conjunction with other forms of analysis and within the context of a well-defined trading strategy. While this indicator can provide valuable insights into potential breakouts, it should be considered alongside other factors such as overall market trends, volume, and fundamental analysis when making trading decisions.
TrendLine ScythesTrendline Scythes is a script designed to automatically detect and draw special curved trendlines, resembling scythes or blades, based on pivotal points in price action. These trendlines adapt to the volatility of the market, providing a unique perspective on trend dynamics.
🔲 Methodology
Traditional trendlines connect consecutive pivot points on a price chart, providing a linear representation of trend direction. However, this script employs a distinctive methodology by automatically detecting price pivots and then calculating special curved trendlines based on the Average True Range (ATR) of the price. This introduces a curvature to the trendlines, resembling scythes, offering a unique way to interpret market trends.
🔲 Auto Breakout and Target Detection
Trendline Scythes includes features for automatic breakout detection, signaling potential trend changes. Additionally, the script assists in target detection, helping traders set realistic and data-driven profit-taking levels based on market volatility and user adjustment.
🔲 Utility
Trend Confirmation - Use Trendline Scythes to confirm existing trends by observing how price interacts with the curved trendlines.
Breakout Signals - Auto-detection of breakouts adds a proactive element to your trading strategy, helping you stay ahead of potential trend reversals.
Target Setting - Utilize the script to set profit-taking targets based on volatility, aligning with the current market conditions.
🔲 Settings
Pivot Length - Swing detection length
Scythe Length - Adjusts the length of the scythes blade
Sensitivity - Controls how restrained the target calculation is, higher values will result in tighter targets.
🔲 Alerts
Breakout
Breakdown
Target Reached
Target Invalidated
As well as the option to trigger 'any alert' call.
Trendline Scythes is a versatile tool combining the benefits of traditional trendlines with the dynamic adaptability of curved lines for a unique approach to trend analysis.
Volume-Based Reversal and Breakout [The_lurker]Indicator Overview:
The "Volume-Based Reversal and Breakout Indicator" is designed for use on the TradingView platform. Its primary function is to identify potential reversal candles using volume and price criteria and to mark significant breakout points. This tool is particularly valuable for traders who incorporate reversal patterns and volume analysis in their trading strategies.
Detailed Functionality:
Customizable Label Color:
Traders can choose the color of the labels that mark breakout points, allowing for personalization and better visibility on different chart backgrounds.
Volume Multiplier Input:
Users can set a 'Volume Multiplier' to define what constitutes significant trading volume. This multiplier is used to compare the current candle's volume with that of the previous candle. A higher volume on the current candle, as defined by this multiplier, is indicative of a significant trading activity.
Reversal Candle Criteria:
The script identifies a candle as a reversal candle if it meets the following conditions:
The closing price of the candle is lower than its opening price, indicating a bearish sentiment.
The trading volume of the candle is greater than the product of the previous candle's volume and the user-set volume multiplier. This implies increased trading activity during the formation of this candle.
The length of the candle's lower tail is greater than its body, suggesting a rejection of lower prices and potential bullish sentiment building up.
Breakout Identification and Marking:
Upon detecting a reversal candle, the indicator draws lines at the high and low of this candle.
These lines represent potential breakout levels. A breakout is confirmed if the price crosses above the high (indicating a bullish breakout) or below the low (indicating a bearish breakout) of the reversal candle.
When a breakout occurs, the indicator places an arrow marker at the breakout point. The direction of the arrow (upwards or downwards) and its color (customizable by the user) indicate the nature of the breakout.
Breakout Alerts:
The indicator includes an alert condition that notifies traders when a breakout occurs. This feature helps traders to quickly react to potential trading opportunities.
Practical Application:
The indicator is best used in markets with distinct volume patterns, as volume is a key component of its analysis.
It can be combined with other technical analysis tools, such as trend lines or moving averages, for additional confirmation of trading signals.
Traders should consider adjusting the volume multiplier based on the typical volume characteristics of the specific asset they are analyzing.
Conclusion:
This "Volume-Based Reversal and Breakout Indicator" is a robust tool that aids traders in identifying potential reversals and breakouts with an emphasis on volume analysis. It's customizable and alert-enabled features make it a versatile addition to a trader's toolkit, suitable for various trading styles and market conditions.
Disclaimer:
This indicator is provided "as is" without any warranties, either express or implied. The information and data contained within this indicator do not constitute investment advice or a recommendation to buy or sell any security. Users assume full responsibility for any trading decisions made based on the use of this indicator.
Past performance of indicators does not guarantee future results. Investing in financial markets involves risks, including the potential loss of capital. It is strongly advised to consult with a qualified financial advisor before making any investment decisions.
The development of this indicator does not constitute an endorsement or recommendation by TradingView or any other entity. All trademarks and trade names mentioned herein are the property of their respective owners.
TrendCylinder (Expo)█ Overview
The TrendCylinder is a dynamic trading indicator designed to capture trends and volatility in an asset's price. It provides a visualization of the current trend direction and upper and lower bands that adapt to volatility changes. By using this indicator, traders can identify potential breakouts or support and resistance levels. While also gauging the volatility to generate trading ranges. The indicator is a comprehensive tool for traders navigating various market conditions by providing a sophisticated blend of trend-following and volatility-based metrics.
█ How It Works
Trend Line: The trend line is constructed using the closing prices with the influence of volatility metrics. The trend line reacts to sudden price changes based on the trend factor and step settings.
Upper & Lower Bands: These bands are not static; they are dynamically adjusted with the calculated standard deviation and Average True Range (ATR) metrics to offer a more flexible, real-world representation of potential price movements, offering an idea of the market's likely trading range.
█ How to Use
Identifying Trends
The trend line can be used to identify the current market trend. If the price is above the trend line, it indicates a bullish trend. Conversely, if the price is below the trend line, it indicates a bearish trend.
Dynamic Support and Resistance
The upper and lower bands (including the trend line) dynamically change with market volatility, acting as moving targets of support and resistance. This helps set up stop-loss or take-profit levels with a higher degree of accuracy.
Breakout vs. Reversion Strategies
Price movements beyond the bands could signify strong trends, making it ideal for breakout strategies.
Fakeouts
If the price touches one of the bands and reverses direction, it could be a fakeout. Traders may choose to trade against the breakout in such scenarios.
█ Settings
Volatility Period: Defines the look-back period for calculating volatility. Higher values adapt the bands more slowly, whereas lower values adapt them more quickly.
Trend Factor: Adjusts the sensitivity of the trend line. Higher values produce a smoother line, while lower values make it more reactive to price changes.
Trend Step: Controls the pace at which the trend line adjusts to sudden price movements. Higher values lead to a slower adjustment and a smoother line, while lower values result in quicker adjustments.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
