Fixed Gap Price LevelsIndicator Description:
The Fixed Gap Price Levels indicator draws horizontal price levels at user-defined intervals on the chart.
Users can select a starting price level (e.g., 71 or 2.1).
Lines are drawn at fixed gaps (e.g., if 71 is chosen, lines appear at 71, 142, 213, etc.).
An optional midpoint line can be enabled to appear halfway between the main levels.
Customizable colors for both main and midpoint lines.
Lines extend across the entire screen for easy visualization of price levels.
This tool helps traders quickly identify key price levels based on predefined spacing, aiding in technical analysis.
Pivot points and levels
Position resetThe "Position Reset" indicator
The Position Reset indicator is a sophisticated technical analysis tool designed to identify possible entry points into short positions based on an analysis of market volatility and the behavior of various groups of bidders. The main purpose of this indicator is to provide traders with information about the current state of the market and help them decide whether to open short positions depending on the level of volatility and the mood of the main players.
The main components of the indicator:
1. Parameters for the RSI (Relative Strength Index):
The indicator uses two sets of parameters to calculate the RSI: one for bankers ("Banker"), the other for hot money ("Hot Money").
RSI for Bankers:
RSIBaseBanker: The baseline for calculating bankers' RSI. The default value is 50.
RSIPeriodBanker: The period for calculating the RSI for bankers. The default period is 14.
RSI for hot money:
RSIBaseHotMoney: The baseline for calculating the RSI of hot money. The default value is 30.
RSIPeriodHotMoney: The period for calculating the RSI for hot money. The default period is 21.
These parameters allow you to adjust the sensitivity of the indicator to the actions of different groups of market participants.
2. Sensitivity:
Sensitivity determines how strongly changes in the RSI will affect the final result of calculations. It is configured separately for bankers and hot money:
SensitivityBanker: Sensitivity for bankers' RSI. It is set to 2.0 by default.
SensitivityHotMoney: Sensitivity for hot money RSI. It is set to 1.0 by default.
Changing these parameters allows you to adapt the indicator to different market conditions and trader preferences.
3. Volatility Analysis:
Volatility is measured based on the length of the period, which is set by the volLength parameter. The default length is 30 candles. The indicator calculates the difference between the highest and lowest value for the specified period and divides this difference by the lowest value, thus obtaining the volatility coefficient.
Based on this coefficient, four levels of volatility are distinguished.:
Extreme volatility: The coefficient is greater than or equal to 0.25.
High volatility: The coefficient ranges from 0.125 to 0.2499.
Normal volatility: The coefficient ranges from 0.05 to 0.1249.
Low volatility: The coefficient is less than 0.0499.
Each level of volatility has its own significance for making decisions about entering a position.
4. Calculation functions:
The indicator uses several functions to process the RSI and volatility data.:
rsi_function: This function applies to every type of RSI (bankers and hot money). It adjusts the RSI value according to the set sensitivity and baseline, limiting the range of values from 0 to 20.
Moving Averages: Simple moving averages (SMA), exponential moving averages (EMA), and weighted moving averages (RMA) are used to smooth fluctuations. They are applied to different time intervals to obtain the average values of the RSI.
Thus, the indicator creates a comprehensive picture of market behavior, taking into account both short-term and long-term dynamics.
5. Bearish signals:
Bearish signals are considered situations when the RSI crosses certain levels simultaneously with a drop in indicators for both types of market participants (bankers and hot money).:
The bankers' RSI crossing is below the level of 8.5.
The current hot money RSI is less than 18.
The moving averages for banks and hot money are below their signal lines.
The RSI values for bankers are less than 5.
These conditions indicate a possible beginning of a downtrend.
6. Signal generation:
Depending on the current level of volatility and the presence of bearish signals, the indicator generates three types of signals:
Orange circle: Extremely high volatility and the presence of a bearish signal.
Yellow circle: High volatility and the presence of a bearish signal.
Green circle: Low volatility and the presence of a bearish signal.
These visual markers help the trader to quickly understand what level of risk accompanies each specific signal.
7. Notifications:
The indicator supports the function of sending notifications when one of the three types of signals occurs. The notification contains a brief description of the conditions under which the signal was generated, which allows the trader to respond promptly to a change in the market situation.
Advantages of using the "Position Reset" indicator:
Multi-level analysis: The indicator combines technical analysis (RSI) and volatility assessment, providing a comprehensive view of the current market situation.
Flexibility of settings: The ability to adjust the sensitivity parameters and the RSI baselines allows you to adapt the indicator to any market conditions and personal preferences of the trader.
Clear visualization: The use of colored labels on the chart simplifies the perception of information and helps to quickly identify key points for entering a trade.
Notification support: The notification sending feature makes it much easier to monitor the market, allowing you to respond to important events in time.
Unmitigated 50% of the RangeThis indicator is designed to display unmitigated 50% zones of price ranges within two swing (High and Low) points. The 50% level serves as a probable target for retracements before the price resumes its movement in the direction of the most recent swing. The underlying theory is that Price Action tends to correct unbalanced price zones by returning to 50% of the range.
The indicator identifies highs and lows utilizing the “Left Swing Sensitivity” setting, which detects the high/low points within the specified number of bars. It then ensures that the zone meets a minimum size requirement, configured via the “Minimum Leg Size” setting, to filter out smaller legs/zones that would not provide sufficient profit and loss opportunities for entries at 50% and take profit at the most recent swing point.
To prevent duplication of zones when the price is gradually moving up, an "Auto Adjust Levels" setting is available. Enabled by default, this feature automatically cleans up smaller zones, retaining only the primary zone between the most recent swing point and the outer swing.
Additionally, the indicator automatically removes mitigated zones where the price has returned to the 50% level, thus maintaining clean charts.
There are several visualization settings available, offering comprehensive control over what is displayed on the charts:
Control the color and style of the lines representing the 1, 0, and 50% levels.
Choose whether to display labels and if they should show the price at the rendered levels.
Optionally extend the lines/labels to the right for each level.
AUrumElectronsBreakout - Pullback - Retrace, strategy and method
Visual on GOLD
Look and observe then decide
Wolfe HuntingIntroducing Wolfe Hunting , the ultimate all-in-one trading tool designed to supercharge your market analysis! This powerful Pine Script indicator helps you pinpoint significant price movements with customizable boxes, spot trends using a smooth SMA overlay, and visualize key swings with dynamic zigzag-like lines. Whether you're tracking volatility, identifying support and resistance levels, or confirming trends, Wolfe Hunting has you covered. With fully customizable colors, line weights, and sensitivity settings, this versatile indicator adapts to any trading style—be it day trading, swing trading, or long-term investing. Elevate your strategy today with Wolfe Hunting and turn complex market data into actionable insights, all while enjoying a sleek, user-friendly experience tailored just for you!
Explosive Move Fibonacci Levels### **Explosive Move Fibonacci Levels - Indicator Description**
The **Explosive Move Fibonacci Levels** indicator is designed to identify significant price movements and automatically plot Fibonacci retracement levels based on the detected move. It provides traders with a **customizable** tool for analyzing market reactions to explosive price shifts.
#### **Key Features:**
✅ **Detects Explosive Moves**
- Uses customizable parameters to identify a strong price movement based on:
- Large candle body relative to an average lookback period
- Volume surge exceeding the historical average
- ATR-based volatility expansion
✅ **Automatically Draws Fibonacci Levels**
- Upon detecting an explosive move, the indicator **plots Fibonacci retracement levels** between the high and low of the move.
- Default levels: **23.6%, 38.2%, 50%, 61.8%, 78.6%** (fully adjustable).
✅ **Highly Customizable**
- **Modify Fibonacci levels**: Adjust retracement percentages for your strategy.
- **Customize colors**: Assign different colors to each level.
- **Adjust line properties**: Change line **width** and **style** (solid, dashed, dotted).
- **Control sensitivity**: Tune body size, volume, and ATR multipliers to refine move detection.
✅ **Visual Enhancements**
- Highlights **candles** that triggered an explosive move with a custom color.
- Draws **Fibonacci lines forward** on the chart for easy visualization.
#### **How It Works:**
1. The indicator scans for a candle that meets **explosive move conditions**.
2. If detected, it stores the **high** and **low** of that move.
3. Fibonacci retracement levels are calculated and plotted **forward** on the chart.
4. The **most recent explosive move** remains visible while previous levels are cleared.
### **Best Use Cases:**
📈 **Momentum Trading** – Identify strong moves and use Fibonacci levels for entries/exits.
📉 **Reversal Trading** – Spot potential pullbacks to key Fib levels after strong trends.
🕵️ **Trend Analysis** – Observe retracement behavior for confirming trend strength.
This indicator is ideal for traders looking to integrate **dynamic Fibonacci levels** with momentum-based setups. 🚀
Daily Time TheoryDaily Time Theory Indicator
The Daily Time Theory indicator is a versatile tool designed exclusively for daily charts. It dynamically colors daily candles according to the day of the week using customizable colors, making it easy to visually distinguish between Monday through Friday. In addition, it provides the option to display horizontal lines for key price levels (Open, High, Low, and Close) for each day. These lines extend into the future for a user-defined number of weeks, giving traders a clear view of historical support and resistance levels.
Key Features:
Day-Based Candle Coloring:
Each weekday’s candles are automatically colored based on user-defined color settings (e.g. blue for Monday, green for Tuesday, etc.), enhancing chart clarity and enabling quick visual analysis of daily patterns.
Customizable Price Level Lines:
Traders can toggle on or off the display of the Open, High, Low, and Close price levels for each day. This allows you to focus on the specific data points that are most relevant to your trading strategy.
Extended Projections:
The indicator lets you extend the drawn price level lines for multiple weeks. This feature provides insight into historical price levels and helps identify potential support and resistance areas.
Tiny Labels for Clarity:
Each line drawn comes with a small, unobtrusive label at its far right that clearly indicates whether the line represents the Open, High, Low, or Close. This ensures that you always know which price level is being highlighted without cluttering the chart.
User-Friendly Input Grouping:
The inputs are neatly organized into groups by day, making it simple to adjust colors and toggle settings for each weekday independently.
How It Works:
The indicator automatically detects the current day on a daily chart and assigns a corresponding color to the candles.
It stores each day’s Open, High, Low, and Close values using persistent variables so that historical price levels remain visible.
When toggled on, horizontal lines representing the selected price levels are drawn across the chart. A tiny label is attached to the end of each line, indicating the type of price level.
The extended lines allow you to see how historical daily price levels may act as support or resistance in the future.
Usage Recommendations:
This indicator is best used on daily timeframes for markets with regular trading sessions. It is ideal for traders who wish to analyze intra-week price behavior, identify recurring support and resistance levels, and incorporate daily price structure into their trading strategy.
Tarun Daily High & Low Ending in 90Explanation:
Captures Daily High & Low.
Checks if the High or Low Ends in "90":
Converts price to a rounded number.
Uses modulus ( % 100 ) to check if the last two digits are 90.
Plots the High & Low Ending in 90:
Green marker → High that ends in 90.
Red marker → Low that ends in 90.
This script visually marks the high and low prices that end with 90. Let me know if you need any
AI-Powered Support and Resistance Detector🚀 AI-Powered Support & Resistance Detector for TradingView 🔥
Are you ready to elevate your trading game to the next level? This advanced AI-driven Pine Script indicator is designed to help traders make smarter and more informed decisions in the fast-paced cryptocurrency market. Built for precision, it works seamlessly on lower timeframes (like 15 and 30 minutes) and provides powerful insights through the following key features:
✨Dynamic Support & Resistance Levels:** Automatically detects key pivot points to plot accurate support and resistance zones on the chart. No need for manual drawing—let the AI handle it!
📊 Trend Prediction with Real-Time Alerts:** Built-in AI logic evaluates price movements and predicts bullish or bearish trends, keeping you ahead of the market.
💡 **Effortless Integration:** Simply copy, paste, and run it on TradingView. The indicator’s clean design ensures minimal noise and actionable signals.
🔧 **Optimized for 4-Hour and Lower Timeframes:** Identify trend reversals and key price zones faster and with unmatched precision.
🎯 **Why Use This Indicator?**
It combines traditional technical analysis concepts with AI-powered trend detection, empowering traders with better market insights. Whether you're a scalper, swing trader, or long-term investor, this tool will help you stay ahead in the volatile crypto market.
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🔥 **Get Started Now:** Copy the code, paste it into TradingView's Pine Editor, and transform your charting experience forever!
Ready to make better trading decisions with AI on your side? 🚀
Smart Money Index + True Strength IndexThe "Smart Money Index + True Strength Index" indicator combines two powerful technical analysis tools, providing traders with a comprehensive view of the market condition. The indicator helps to determine the entry and exit points of positions due to two key components:
Smart Money Index (SMI) – shows when major players begin to actively operate in the market. This allows you to assess where significant trading volumes are concentrated and what trends are being formed at the expense of large participants.
True Strength Index (TSI) – measures the true strength of a trend by determining overbought and oversold levels. This index helps you notice trend reversals in time and make decisions about buying or selling assets.
Visually, the indicator displays two lines: one for SMI and the other for TSI. In addition, there are signal tags for long and short positions, as well as notifications when certain conditions are reached.
Main parameters:
SMI length: defines the averaging period for calculating the Smart Money Index.
SMI threshold: sets the level at which the signal to enter the position is activated.
The lengths of the first and second TSI smoothing: determine the periods for the two averaging steps when calculating the True Strength Index.
Overbought and oversold TSI levels: set the boundaries at the intersection of which buy or sell signals are generated.
This indicator will be an excellent assistant for those who seek to improve their trading strategies based on data on the activity of major players and the real strength of the current trend.
Effort Bars with Green Small & Blue Med BarsЕсли ты не ставишь стоп ордер или твой ордер как Эйфелева башня то это видео не для тебя.
Написал небольшой, но хорошо работающий индикатор в Trading View для трейдинга криптовалют с минимальными рисками.
Вычисляет размеры баров в момент принятия решения о входе в позицию. Если размер бара больше 0,4%, то нам это не подходит.
Линейка больше не нужна.
Всем профитной торговли.
"Минимизируй убытки, максимизируй прибыть, и делай все, для того чтобы как можно дольше оставаться в игре"
Killzones & Previous High-Low Liquidity [odnac]This indicator is designed for use in intraday trading to visualize key "Killzones" (specific time windows during different global market sessions) and highlight liquidity levels based on previous highs and lows from the previous day and week.
It helps traders identify potential market entry and exit points based on time-based trading zones and price action levels.
Key Features:
Killzone (Market Session Timeframes):
Asia (2000-0000 UTC): Displays a shaded box over the Asia trading session.
Europe (0200-0500 UTC): Highlights the European trading session.
New York AM (0830-1100 UTC): Represents the morning session of the NY market.
New York PM (1330-1600 UTC): Represents the afternoon session of the NY market.
Each of these timeframes can be customized in terms of session start and end times, and the shaded areas will help identify high liquidity periods when the market tends to be more active.
Previous High-Low Liquidity Zones:
Previous Week's High/Low: Displays lines at the high and low of the previous week.
These are important liquidity levels that can influence price action.
Previous Day's High/Low: Shows the high and low from the previous trading day.
These are also significant levels to watch for potential support and resistance.
Filters and Customization:
Position Filtering: The indicator allows users to filter out previous highs or lows if the current price doesn't align with those levels.
For example, it can filter out previous week highs if the current price is lower than that level.
Vertical Lines: Optional vertical lines to highlight key time points such as the start and end of the previous week and day.
How It Works:
The indicator visually draws "killzones" as shaded regions on the chart, indicating periods of increased market activity.
This can help traders align their strategies with the most liquid periods of the day.
The previous high and low lines (both for the previous week and the previous day) are drawn as solid lines and can be toggled on/off in the settings.
Labels are added to indicate the specific levels and periods.
The indicator provides clear visual cues, helping traders assess if the price is near important liquidity levels and whether the current market conditions align with those levels.
Customizable Settings:
You can control whether each Killzone and liquidity level is shown on the chart.
Color customization for the various zones and lines is also available.
The indicator also lets you decide whether to hide weekend data, set time-frame limits, and choose whether or not to show vertical lines at the beginning and end of each trading session.
This indicator is aimed at traders who want to trade based on high-liquidity periods and understand where key support and resistance levels are likely to emerge based on previous price action.
CandelaCharts - Fib Retracement (OTE) 📝 Overview
The CandelaCharts Fib Retracement (OTE) indicator is a precision tool designed to help traders identify Optimal Trade Entry (OTE) levels based on Fibonacci retracement principles, as taught in ICT (Inner Circle Trader) methodology.
This indicator automatically plots Fibonacci retracement levels between a selected swing high and swing low, highlighting the key OTE zone between the 61.8% and 78.6% retracement levels—a prime area for potential reversals in trending markets.
📦 Features
Automatic & Custom lookback modes
Customizable fib levels
Dynamic coloring
Reverse & extend
⚙️ Settings
Lookback: Controls the number of bars to look back. You can choose between **Automatic** or **Custom** mode.
Line Style: Sets the line style for the Fibonacci levels.
Levels: 0, 0.236, 0.0.382, 0.500, 0.620, 0.705, 0.790, 0.886, 1.000. Allows you to toggle the visibility of Fibonacci levels.
Dynamic Coloring: Colors Fibonacci levels according to trend direction.
Show Labels: Shows the price value at each Fibonacci level.
Reverse: Flips the Fibonacci levels in the opposite direction.
Extend Left: Extends the Fibonacci levels to the left.
⚡️ Showcase
Dynamic Coloring
Manual Coloring
Fib Retracement
Extended
Custom Length
📒 Usage
Using the CandelaCharts Fib Retracement (OTE) is pretty straightforward—just follow these steps to spot high-probability trade setups and refine your entries.
Identify the Trend – Determine whether the market is in an uptrend or downtrend.
Select Swing Points – The indicator automatically plots from the most recent swing high to swing low (or vice versa).
Wait for Price to Enter OTE Zone – Look for price action confirmation within the optimal entry zone (61.8%-78.6%).
Enter the Trade – Consider longs in an uptrend at the OTE zone, and shorts in a downtrend.
Set Stop & Target – Place stops below/above the swing low/high and target extension levels (127.2%, 161.8%).
🎯 Key takeways
The CandelaCharts Fib Retracement (OTE) is a must-have tool for traders looking to refine their entries and maximize risk-reward potential with precision-based ICT trading strategies. 🚀
🚨 Alerts
The indicator does not provide any alerts!
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
JUST LEVELS FROM ULAVESHgives you extraodrinary levels for intraday as well as swing..use it ...it will be helpful for sure
Desi_Trader - Liquidity ZonesThis custom Desi_Trader - Liquidity Zones indicator helps traders visualize critical liquidity levels in the market, highlighting areas of high long and short interest. By plotting dynamic liquidity zones with gradient coloring, it shows areas with significant liquidation potential, indicating where large market movements are more likely. The indicator enhances trade decisions by drawing stronger lines for key liquidity zones and displaying bubbles that represent market liquidity strength. The liquidity levels and bubbles are dynamically adjusted based on the leverage and market conditions, providing a clearer picture for better-informed trading.
Fibonacci Volume Profiles [AlgoAlpha]Unlock a deeper understanding of price action with the Fibonacci Volume Profiles indicator by AlgoAlpha! This powerful tool blends Fibonacci retracement levels with customizable volume profiles, helping traders identify high-probability areas of support, resistance, and accumulation. Designed for both continuous dynamic levels and custom time periods, this indicator is a must-have for traders seeking confluence in market structure analysis.
🔑 Key Features
📈 Dual Mode Selection : Choose between Continuous Fibonacci levels, which adapt dynamically to pivots, or a Custom Period mode, where you set your own start and end points.
📊 Integrated Volume Profile : Visualize volume distributions at key Fibonacci retracement levels, revealing areas of strong buying/selling interest.
🎨 Customizable Colors & Transparency : Adjust Fibonacci level colors, fill zones, and profile transparency for a visually clear experience.
🔍 Profile Resolution & Scaling : Control the number of price levels and width of the volume profile for detailed market insights.
🛠 Extendable Levels : Optionally extend Fibonacci levels to the right of the chart for better visualization of future price interaction.
📌 How to Use
Add the Indicator: Click on the star icon to add it to your favorites and apply it to your TradingView chart.
Analyze The Market: Observe how price interacts with Fibonacci levels alongside the volume profile to confirm support/resistance zones. Switch between custom range or continuous mode to align the tool with your trading style.
⚙️ How It Works
The indicator calculates pivot highs/lows dynamically (or uses user-defined time periods) to plot Fibonacci retracement levels. It then builds a volume profile by analyzing historical volume data, grouping it into price bins to highlight volume-heavy zones. The Point of Control (PoC) is identified as the level with the highest traded volume, acting as a key price magnet. The color-coded Fibonacci levels help traders spot retracement zones, while the volume profile confirms strength or weakness in those areas.
Low Volume Liquidity Void DetectorHow It Works:
The script calculates an average volume over a user-defined lookback period.
It identifies low-volume bars where volume is below a percentage of the average.
It checks if the price is near significant highs/lows within that period, indicating a possible liquidity void.
If the price enters these voids, it triggers long or short signals with alerts.
Slim Fib 1.1 Customized script based on the script from KivancOzbilgic, thx for that. My script is kind of messy, since 'm not a programmer. Approch was to make it slim, because its for a bigger indicator i'm working on and i want it as clean as possible.
Changes: - calculation on Pivots, automatic change when a new pivot appears
- Global Pivot Settings for every Timeframe, looks fresh on every Timeframe
- Scalable Ote Box for Goldenzone and more extreme 0.71 level ( if you know you know;))
- Minimalized visualization
- Alerts for breaking Fiblevel
still work in progress
that's all i need
Cheers
Fixed: Time frame 1m didn't work
Quality of life: fixed pivot length dropdown menu, I'm lazy you know and it worked, pivots are in Fibonacci numbers, i will see how it will fit me, maybe i change it back to manually typestyle
Time frames higher than 1D refer to 1 hour. Is it a bug or a feature?
Issue: sadly it didn't work like expected to make the higher timeframe kind of visible on lower timeframe, pivot selection could probably help to adjust the range on the current timeframe.
Will definitly try the MTF selection soon.
Pivot Breakouts with MA FilterPivot Breakouts with MA Filter
This script identifies pivot breakouts (both bullish and bearish) using support and resistance levels and overlays breakout labels, arrows, and customizable Moving Averages. It allows traders to fine-tune their analysis with multiple options to customize the display and behavior of the breakout signals.
Key Features:
Pivot Support and Resistance:
Support is defined by the lowest low in a given range (using the lookback period).
Resistance is defined by the highest high in a given range (using the lookback period).
The script draws support and resistance boxes on the chart when these levels change, providing clear visual markers for potential breakout areas.
Breakout Detection:
Bullish Breakout: A breakout above resistance and the price is above the selected moving average (MA).
Bearish Breakout: A breakdown below support and the price is below the selected MA.
Breakout events trigger labels indicating "Resistance Breakout" (for bullish) and "Support Breakout" (for bearish).
The option to show Breakout Labels (with customizable colors) is available in the settings.
Moving Average Filter:
You can select the type of moving average (SMA or EMA) to use for filtering breakout signals.
MA Filter Length: This input allows you to set the period of the moving average to act as a filter for breakout conditions. This helps ensure the breakout aligns with the broader trend.
Multiple Moving Averages (Optional):
You can add up to four different moving averages (SMA or EMA), each with its own length and color.
You have the option to toggle each moving average on or off and adjust their appearance settings (color and length).
The script supports dynamic plots for each moving average, helping to visualize multiple trends at once.
Breakout Arrows:
The script can display arrows (or other shapes) below the bar for bullish breakouts and above the bar for bearish breakouts.
Arrows are optional and can be turned on/off in the settings.
You can customize the shape of the arrows (e.g., arrow, circle, square, or even a large or small triangle).
Customizable Colors and Labels:
The color of the breakout labels and arrows can be customized in the settings to make them fit your chart's style and personal preferences.
Alerts:
Alerts can be set for new support and resistance levels, as well as when breakouts occur (either bullish or bearish).
The alert system helps to notify traders when significant price action takes place without needing to constantly monitor the chart.
Settings:
Select Moving Average Type (SMA or EMA)
MA Filter Length: Length of the moving average used for filtering breakout conditions.
Lookback Range: Determines the range over which the pivot points (support and resistance) are calculated.
Breakout Labels: Option to turn on/off breakout labels, and customize label colors.
Show Breakout Arrows: Enable or disable breakout arrows with shape options (arrow, circle, square, large triangle, small triangle).
Multiple Moving Averages: Option to show up to 4 MAs with customizable colors and lengths.
AE - ATR Exhaustion ChannelAE - ATR Exhaustion Channel
📈 Overview
Identify Exhaustion Zones & Trend Breakouts with ATR Precision!
The AE - ATR Exhaustion Channel is a powerful volatility-based trading tool that combines an averaged SMA with ATR bands to dynamically highlight potential trend exhaustion zones. It provides real-time breakout detection by marking when price moves beyond key volatility bands, helping traders spot overextensions and reversals with ease.
🔑 Key Features
✔️ ATR-SMA Hybrid Channel: Uses an averaged SMA as the core trend filter while incorporating adaptive ATR-based bands for precise volatility tracking.
✔️ Dynamic Exhaustion Markers: Marks red crosses when price exceeds the upper band and green crosses when price drops below the lower band.
✔️ Customizable ATR Sensitivity: Adjust the ATR multiplier and length settings to fine-tune band sensitivity based on market conditions.
✔️ Clear Channel Visualization: A gray SMA midpoint and a blue-filled ATR band zone make it easy to track market structure.
📚 How It Works
1️⃣ Averaged SMA Calculation: The script calculates an averaged SMA over a user-defined range (min/max period). This smooths out short-term fluctuations while preserving trend direction.
2️⃣ ATR Band Construction: The ATR value (adjusted by a multiplier) is added to/subtracted from the SMA to form dynamic upper and lower volatility bands.
3️⃣ Exhaustion Detection:
If high > upper ATR band, a red cross is plotted (potential overextension).
If low < lower ATR band, a green cross is plotted (potential reversal zone).
4️⃣ Filled ATR Channel: The area between the upper and lower bands is shaded blue, providing a visual trading range.
🎨 Customization & Settings
⚙️ ATR Length – Adjusts the ATR calculation period (default: 14).
⚙️ ATR Multiplier – Scales the ATR bands for tighter or wider volatility tracking (default: 0.8, adjustable in 0.1 steps).
⚙️ SMA Range (Min/Max Length) – Defines the period range for calculating the averaged SMA (default: 5-20).
⚙️ Rolling Lookback Length – Controls how far back the high/low comparison is calculated (default: 50 bars).
🚀 Practical Usage
📌 Spotting Exhaustion Zones – Look for red/green markers appearing outside the ATR bands, signaling potential trend exhaustion and possible reversal opportunities.
📌 Breakout Confirmation – Price consistently breaching the upper band with momentum could indicate continuation, while repeated touches without strong closes may hint at reversal zones.
📌 Trend Reversal Signals – Watch for green markers below the lower band in uptrends (buy signals) and red markers above the upper band in downtrends (sell signals).
🔔 Alerts & Notifications
📢 Set Alerts for Exhaustion Signals!
Traders can configure alerts to trigger when price breaches the ATR bands, allowing for instant notifications when volatility-based exhaustion is detected.
📊 Example Scenarios
✔ Trend Exhaustion in Overextended Moves – A series of red crosses near resistance may indicate a short opportunity.
✔ Trend Exhaustion in Overextended Moves – A series of red crosses near resistance may indicate an opportunity to open a short trade.
✔ Volatility Compression Breakouts – If price consolidates within the ATR bands and suddenly breaks out, it could signify a momentum shift.
✔ Reversal Catching in Trending Markets – Spot potential trend reversals by looking for green markers below the ATR bands in bullish markets.
🌟 Why Choose AE - ATR Exhaustion Channel?
Trade with Confidence. Spot Volatility. Catch Breakouts.
The AE - ATR Exhaustion Channel is an essential tool for traders looking to identify trend exhaustion, detect breakouts, and manage volatility effectively. Whether you're trading stocks, crypto, or forex, this ATR-SMA hybrid system provides clear visual cues to help you stay ahead of market moves.
✅ Customizable to Fit Any Market
✅ Combines Volatility & Trend Analysis
✅ Easy-to-Use with Instant Breakout Detection
NFP High/Low LevelsChart the last 12 NFP Day High and Low values automatically.
Review and update indicator settings accordingly.
*Feel free to use/edit/improve
*shoutout to DeepSeek for coding help
