Esmeralda.AiHow to read the new visuals:
Labels: When a signal appears, the label now calculates the exact price for your Stop Loss (SL) and Take Profit (TP).
Lines: You will see short horizontal lines appear at the signal bar.
Green Line: This is your target.
Red Line: This is where you exit if the trade goes against you.
The 90% Rule: To keep the win rate as high as possible, you can manually move your TP to the Yellow Mean Line if the market looks like it is losing steam.
インジケーターとストラテジー
Half Closing CandleHalf Closing Candle
This indicator identifies candles whose closing price falls within the upper or lower half of the candle range, measured from the midpoint relative to the candle’s open. It helps traders quickly spot candles that close toward the open or high/low extremes, providing insight into momentum, indecision, or potential reversal areas.
The script highlights these candles with a subtle, non-intrusive overlay directly on the chart, without altering candle wicks or overall price representation, ensuring visual clarity and professional presentation.
Marubozu Detector**Marubozu Detector (v6)**
This indicator identifies **Marubozu candles** — powerful candlestick patterns indicating strong directional momentum with minimal or no shadows (wicks).
A **Bullish Marubozu** (green) shows buyers dominated the session: open ≈ low, close ≈ high.
A **Bearish Marubozu** (red) shows sellers in control: open ≈ high, close ≈ low.
Unlike strict detectors, this version allows customizable tolerance for tiny shadows, making it practical for real markets where perfect Marubozu are rare.
**Key Features**
- **Adjustable tolerance**: Max shadow % of candle range (default 5%).
- **Minimum body size**: Requires body ≥ % of range (default 90%) to filter small candles.
- **Clear labels**: "BULL MARU" below bullish, "BEAR MARU" above bearish.
- **Alerts**: Built-in conditions for Bullish/Bearish Marubozu on any timeframe.
- **Pine Script v6**: Fully compatible with the latest version for optimal performance.
**How to Use**
1. Add to chart via Indicators > Community Scripts.
2. Customize inputs: Lower tolerance for stricter detection, higher for more signals.
3. Combine with trend tools (e.g., EMA, support/resistance) for better entries/exits.
- Bullish Marubozu in uptrend → potential continuation long.
- Bearish Marubozu in downtrend → potential short.
**Why Marubozu?**
These candles signal strong conviction and often precede continuations or reversals. This detector helps spot them quickly without manual scanning.
Open-source under Mozilla Public License 2.0. Feel free to modify!
If you find it useful, please like/boost/favorite! Feedback welcome.
© toppermost
SessionsThis indicator highlights the New York After Hours and Pre-Market session and visually defines its structure on the chart.
The session runs from 18:00 to 09:30 New York time, covering the full overnight and pre-market trading window leading into the regular cash open.
During this period, the script tracks and marks the high and low of the New York pre-market, allowing traders to clearly see the overnight range that often acts as key liquidity, support, and resistance during the regular trading session.
The session range can be displayed as a shaded background or as a high/low range, depending on user preference.
For clarity and precision, the indicator is visible only on intraday timeframes:
5-minute
30-minute
1-hour
This makes it especially useful for futures, index, and intraday traders who incorporate pre-market structure into their trading plans.
Flexible Marubozu Detector**Flexible Marubozu Detector (v6)**
This indicator identifies **Marubozu candles** — powerful candlestick patterns indicating strong directional momentum with minimal or no shadows (wicks).
A **Bullish Marubozu** (green) shows buyers dominated the session: open ≈ low, close ≈ high.
A **Bearish Marubozu** (red) shows sellers in control: open ≈ high, close ≈ low.
Unlike strict detectors, this version allows customizable tolerance for tiny shadows, making it practical for real markets where perfect Marubozu are rare.
**Key Features**
- **Adjustable tolerance**: Max shadow % of candle range (default 5%).
- **Minimum body size**: Requires body ≥ % of range (default 90%) to filter small candles.
- **Clear labels**: "BULL MARU" below bullish, "BEAR MARU" above bearish.
- **Alerts**: Built-in conditions for Bullish/Bearish Marubozu on any timeframe.
- **Pine Script v6**: Fully compatible with the latest version for optimal performance.
**How to Use**
1. Add to chart via Indicators > Community Scripts.
2. Customize inputs: Lower tolerance for stricter detection, higher for more signals.
3. Combine with trend tools (e.g., EMA, support/resistance) for better entries/exits.
- Bullish Marubozu in uptrend → potential continuation long.
- Bearish Marubozu in downtrend → potential short.
**Why Marubozu?**
These candles signal strong conviction and often precede continuations or reversals. This detector helps spot them quickly without manual scanning.
NOTE: I use this indicator along with "Swing high low support & resistance" by Pattersmart to trade reversals. I long trade a bearish Marubozu reversal, when the Marubozu breaks through a swing low identified on the "Swing high low support & resistance" indicator.
Open-source under Mozilla Public License 2.0. Feel free to modify!
If you find it useful, please like/boost/favorite! Feedback welcome.
© @toppermost
ETH Trading bot H1 Money maker i dont know what i did but it is looking good ; make sure you arent in a trade before you start the bot
8x EMA + Labels + Trend + Volume Arrows + Developing VAH/VALThis indicator is a comprehensive trend, structure, and momentum tool designed for intraday and swing traders.
It combines multi-timeframe EMAs, dynamic EMA labels, developing Value Area High/Low, and volume-based entry signals into a single clean overlay.
4H & Daily Previous Candle + Fibonacci + OTE# Multi-Timeframe OTE & Fibonacci Indicator (4H & Daily)
This Pine Script v5 indicator is designed for traders who utilize **Optimal Trade Entry (OTE)** zones and **Fibonacci retracements** based on higher timeframe market structures. It automatically identifies and plots key levels from the previous 4-hour and Daily candles to help find high-probability reversal zones.
## Key Features
### 1. Dual Timeframe OTE Zones
- **4H OTE Zone**: Automatically calculates and shades the Optimal Trade Entry area (default 61.8% - 78.6%) based on the previous 4-hour candle's range.
- **Daily OTE Zone**: Plots a secondary OTE zone based on the previous Daily candle, allowing for multi-timeframe confluence analysis.
- **Dynamic Adaptation**: The zones automatically flip based on whether the previous candle was bullish or bearish, ensuring you are always looking at the correct retracement levels.
### 2. Automated Market Structure
- **High/Low Tracking**: Plots clear horizontal lines for the previous 4H and Daily Highs and Lows.
- **Visual Distinction**: Daily levels are highlighted with thicker lines to distinguish them from 4H levels.
- **Price Labels**: Displays real-time price labels for all structural levels for quick reference.
### 3. Customizable Fibonacci Retracements
- **4H Fibonacci Levels**: Plots standard retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) for the 4H timeframe.
- **Fully Adjustable**: Users can input custom Fibonacci levels via the settings menu.
### 4. Real-Time Information Dashboard
- **Range Summary**: A clean table in the top-right corner displays the total pip/point range for both the previous 4H and Daily candles.
- **Clean UI**: All visual elements (colors, line widths, labels) can be toggled or customized to fit any chart theme.
## How to Use
This indicator is ideal for "Smart Money" or "ICT" style trading. Look for **confluence** where the 4H OTE zone overlaps with the Daily OTE zone or other key structural levels to identify high-precision entry points.
Turki alghamdiThis indicator is an advanced Pivot-based SuperTrend designed to provide maximum clarity for traders. It visually displays: - Exact entry candle - Dynamic stop loss - Up to 3 R-based profit targets - Clear trend direction
Turki alghamdiThis indicator is an advanced Pivot-based SuperTrend designed to provide maximum clarity for traders. It visually displays: - Exact entry candle - Dynamic stop loss - Up to 3 R-based profit targets - Clear trend direction
Opening Range candle percent of ATRIt takes the opening range of the first candle - 5, 10, 15 or whatever minute - and finds what percent of the ATR that is. So if the opening candle high is 15 and low is 14, its range is 1. If the ATR (daily or whatever you want) is 2, then the opening candle's range is 50% of the ATR.
The percentage is displayed on right in a blue box.
The indicator is used in reversal strategies, since opening candles that eat up a large amount of the daily ATR have a higher probability of reversing.
Indicator made with ChatGPT.
TGS By ShadTGS Levels — Tesla–W.D. Gann Strategy
TGS Levels is a price-geometry indicator designed to map algorithmic decision zones on the chart using principles inspired by W.D. Gann price geometry and Tesla 3-6-9 harmonic structure.
This indicator is not a signal generator.
It provides a structured price map to help traders understand where reactions or breakouts are statistically more likely to occur.
🔹 Core Concept
Markets do not move randomly.
They rotate and expand around harmonic price cycles.
TGS Levels automatically plots a 100-unit price cycle framework (ideal for XAUUSD / Gold) and divides each cycle into hierarchical angles used by institutional and algorithmic trading models.
🔹 Level Hierarchy (Very Important)
TGS uses four types of levels, each with a different purpose:
🔴 SUPER ANGLE (+45)
Primary decision level
Price often shows strong rejection or explosive breakout
Highest importance level
🟥 MAIN ANGLES (+27, +63, +81)
High-probability reaction zones
Used for structured pullbacks, rejections, or continuation confirmation
🟠 SECONDARY ANGLES (+18, +36, +54, +72, +90)
Context & management levels
Expect hesitation, partial profit zones, or stop-tightening areas
Not recommended for direct entries
🟡 MICRO LEVELS (+3, +6, +9)
Liquidity & compression map
Help visualize absorption, stop hunts, and consolidation
For structure awareness only
🔹 What This Indicator Is Used For
✔ Identifying where price is likely to react
✔ Understanding market structure and rotation
✔ Distinguishing rejection vs breakout zones
✔ Improving trade timing when combined with:
Volatility (ATR)
Market structure (HL / LH / BOS)
Session timing (London / New York)
🔹 What This Indicator Is NOT
❌ Not a buy/sell signal
❌ Not a prediction tool
❌ Not based on indicators like RSI or MACD
TGS Levels is a price-first framework, designed to be used with price action, volatility, and structure.
🔹 Best Use Case
Asset: XAUUSD (Gold)
Execution Timeframe: M5
Sessions: London & New York
Style: Scalping / Intraday structure trading
The same logic can be adapted to other instruments by adjusting the cycle size.
🔹 How to Trade With TGS (High-Level)
When volatility is low or falling → expect rejections at main/super angles
When volatility is expanding → expect breakouts through angles
Use oscillators (like Stochastic) only for timing, not direction
Always confirm with price behavior at the level
🔹 Final Note
TGS Levels provides a clean, non-repainting price map that stays aligned when zooming or scrolling the chart.
All levels are calculated automatically and update dynamically with price.
Levels explain behavior — reactions create opportunity.
TGS By ShadTGS Levels — Tesla–W.D. Gann Strategy
TGS Levels is a price-geometry indicator designed to map algorithmic decision zones on the chart using principles inspired by W.D. Gann price geometry and Tesla 3-6-9 harmonic structure.
This indicator is not a signal generator.
It provides a structured price map to help traders understand where reactions or breakouts are statistically more likely to occur.
🔹 Core Concept
Markets do not move randomly.
They rotate and expand around harmonic price cycles.
TGS Levels automatically plots a 100-unit price cycle framework (ideal for XAUUSD / Gold) and divides each cycle into hierarchical angles used by institutional and algorithmic trading models.
🔹 Level Hierarchy (Very Important)
TGS uses four types of levels, each with a different purpose:
🔴 SUPER ANGLE (+45)
Primary decision level
Price often shows strong rejection or explosive breakout
Highest importance level
🟥 MAIN ANGLES (+27, +63, +81)
High-probability reaction zones
Used for structured pullbacks, rejections, or continuation confirmation
🟠 SECONDARY ANGLES (+18, +36, +54, +72, +90)
Context & management levels
Expect hesitation, partial profit zones, or stop-tightening areas
Not recommended for direct entries
🟡 MICRO LEVELS (+3, +6, +9)
Liquidity & compression map
Help visualize absorption, stop hunts, and consolidation
For structure awareness only
🔹 What This Indicator Is Used For
✔ Identifying where price is likely to react
✔ Understanding market structure and rotation
✔ Distinguishing rejection vs breakout zones
✔ Improving trade timing when combined with:
Volatility (ATR)
Market structure (HL / LH / BOS)
Session timing (London / New York)
🔹 What This Indicator Is NOT
❌ Not a buy/sell signal
❌ Not a prediction tool
❌ Not based on indicators like RSI or MACD
TGS Levels is a price-first framework, designed to be used with price action, volatility, and structure.
🔹 Best Use Case
Asset: XAUUSD (Gold)
Execution Timeframe: M5
Sessions: London & New York
Style: Scalping / Intraday structure trading
The same logic can be adapted to other instruments by adjusting the cycle size.
🔹 How to Trade With TGS (High-Level)
When volatility is low or falling → expect rejections at main/super angles
When volatility is expanding → expect breakouts through angles
Use oscillators (like Stochastic) only for timing, not direction
Always confirm with price behavior at the level
🔹 Final Note
TGS Levels provides a clean, non-repainting price map that stays aligned when zooming or scrolling the chart.
All levels are calculated automatically and update dynamically with price.
Levels explain behavior — reactions create opportunity.
Top 10 Bullish Wedge ScannerThe script does a check of all stocks and gives the top 10 list of stocks with bullish wedge formed on daily timeframe.
ICT 1m FVG - Universal ToggleThis indicator is designed for ICT (Inner Circle Trader) style traders who prioritise displacement and Fair Value Gaps (FVG) on the 1-minute timeframe but execute or analyse on higher timeframes like the 15-minute. FVGs are create after a swing point is created on the 15m time frame.
i am struggling to get the FVGs to remain visible on the higher time frames
Liquidity Retest Strategy (Apicode) - TP/SL Lines FixedTechnical Documentation:
1. Purpose and underlying concept
This strategy targets a common behavior in liquid markets: liquidity sweeps around meaningful support/resistance levels, followed by a retest and rejection (reversal) with confirmation.
The core thesis is that many initial “breaks” are not continuation moves, but rather stop-runs and order harvesting. After the sweep, price reclaims the level and closes back on the opposite side, offering a structured entry with defined risk.
The strategy includes:
Support/Resistance detection via pivots
Dynamic selection of the “working” level using an ATR-based proximity window
Rejection validation via candle structure (wick + close)
Optional filters: volume, VWAP-like bias, and EMA trend
Risk management with static TP/SL (ATR-based or %), plus trailing stop (ATR-based or %), with per-trade lines plotted
2. Main components
2.1. Volatility metric: ATR
atr = ta.atr(atrLength) is used in two essential places:
Level selection (proximity to S/R): prevents trading levels that are too far from current price.
Sweep validation (minimum wick size): requires the wick to extend beyond the level by a volatility-relative amount.
Optionally, ATR can also be used for:
Static TP/SL (when usePercent = false)
Trailing stop (when useTrailPercent = false)
2.2. Building S/R levels with pivots
Pivots are detected using:
pivotHigh = ta.pivothigh(pivotLookback, rightBars)
pivotLow = ta.pivotlow(pivotLookback, rightBars)
Each confirmed pivot is stored in arrays:
resistanceLevels for resistance
supportLevels for support
The array size is capped by maxLevels, which reduces noise and manages chart resource usage (lines).
2.3. Selecting the “best” level each bar
On each bar, a single support S and/or resistance R candidate is chosen:
Support: nearest level below price (L < price)
Resistance: nearest level above price (L > price)
Only levels within atr * maxDistATR are considered
This produces dynamic “working levels” that adapt to price location and volatility.
2.4. Rejection pattern (retest + sweep)
After selecting the working level:
Support rejection (long setup)
Conditions:
Low touches/crosses support: low <= S
Close reclaims above: close > S
Bullish candle: close > open
Sufficient wick below the level (liquidity sweep): (S - low) >= atr * minWickATR
This aims to capture a stop sweep below support followed by immediate recovery.
Resistance rejection (short setup)
Symmetric conditions:
High touches/crosses resistance: high >= R
Close rejects back below: close < R
Bearish candle: close < open
Sufficient wick above the level: (high - R) >= atr * minWickATR
2.5. Optional filters
Final signals are the rejection pattern AND enabled filters:
1.- Volume filter
High volume is defined as: volume > SMA(volume, 20) * volMult
When useVolFilter = true, setups require relatively elevated participation
2.- VWAP-like bias filter
A VWAP-like series is computed over vwapLength (typical price weighted by volume)
When useVWAPFilter = true:
- Longs only if close > vwap
- Shorts only if close < vwap
3.- EMA trend filter
Uptrend if EMA(fast) > EMA(slow)
When useTrendFilter = true:
- Longs only in uptrend
- Shorts only in downtrend
2.6. Backtest time window (time filter)
To keep testing focused and reduce long-history noise:
useMaxLookbackDays enables the filter
maxLookbackDays defines how many days back from timenow entries are allowed
Entries are permitted only when time >= startTime.
3. Entry rules and position control
3.1. Entries
strategy.entry('Long', strategy.long) when longSetup and no long position is open
strategy.entry('Short', strategy.short) when shortSetup and no short position is open
No pyramiding is allowed (pyramiding = 0). Position gating is handled by:
Long allowed if strategy.position_size <= 0
Short allowed if strategy.position_size >= 0
4. Risk management: TP/SL and trailing (with plotted lines)
4.1. Detecting entry/exit events
Events are identified via changes in strategy.position_size:
LongEntry: transition into a long
shortEntry: transition into a short
flatExit: transition back to flat
This drives per-trade line creation, updates, and cleanup of state variables.
4.2. Static TP/SL
On entry, entryPrice := strategy.position_avg_price is stored.
Percent mode (usePercent = true)
Long:
staticSL = entryPrice*(1 - slPerc/100)
staticTP = entryPrice*(1 + tpPerc/100)
Short:
staticSL = entryPrice*(1 + slPerc/100)
staticTP = entryPrice*(1 - tpPerc/100)
ATR mode (usePercent = false)
Long:
staticSL = entryPrice - atrAtEntry*slATR
staticTP = entryPrice + atrAtEntry*tpATR
Short:
staticSL = entryPrice + atrAtEntry*slATR
staticTP = entryPrice - atrAtEntry*tpATR
4.3. Trailing stop (custom)
While a position is open, the script tracks the most favorable excursion:
Long: hhSinceEntry = highest high since entry
Short: llSinceEntry = lowest low since entry
A trailing candidate is computed:
Percent trailing (useTrailPercent = true)
Long: trailCandidate = hhSinceEntry*(1 - trailPerc/100)
Short: trailCandidate = llSinceEntry*(1 + trailPerc/100)
ATR trailing (useTrailPercent = false)
Long: trailCandidate = hhSinceEntry - atr*trailATR
Short: trailCandidate = llSinceEntry + atr*trailATR
Then the effective stop is selected:
Long: slUsed = max(staticSL, trailCandidate) when useTrail is enabled
Short: slUsed = min(staticSL, trailCandidate) when useTrail is enabled
If useTrail is disabled, slUsed remains the static stop.
Take profit remains static:
tpUsed = staticTP
Exit orders are issued via:
strategy.exit(..., stop=slUsed, limit=tpUsed)
4.4. Per-trade TP/SL lines
On each entry, two lines are created (SL and TP) via f_createLines().
During the trade, the SL line updates when trailing moves the stop; TP remains fixed.
On exit (flatExit), both lines are finalized on the exit bar and left on the chart as historical references.
This makes it straightforward to visually audit each trade: entry context, intended TP, and trailing evolution until exit.
5. Visualization and debugging
BUY/SELL labels with configurable size (xsize)
Debug mode (showDebug) plots the chosen working support/resistance level each bar
Stored pivot levels are drawn using reusable line slots, projected a fixed 20 bars to the right to keep the chart readable and efficient
6. Parameter guidance and practical notes
pivotLookback / rightBars: controls pivot significance vs responsiveness. Lower rightBars confirms pivots earlier but can increase noise.
maxDistATR: too low may reject valid levels; too high may select distant, less relevant levels.
minWickATR: key quality gate for “real” sweeps. Higher values reduce frequency but often improve signal quality.
Filters:
Volume filter tends to help in ranges and active sessions.
VWAP bias is useful intraday to align trades with session positioning.
EMA trend filter is helpful in directional markets but may remove good mean-reversion setups.
Percent TP/SL: provides consistent behavior across assets with variable volatility, but is less adaptive to sudden regime shifts.
Percent trailing: can capture extensions well; calibrate trailPerc per asset/timeframe (too tight = premature exits).
7. Known limitations
Pivot-derived levels are a heuristic; in strong trends, valid retests may be limited.
The time filter uses timenow; behavior may vary depending on historical context and how the platform evaluates “current time.”
TP/SL and trailing are computed from bar OHLC; in live trading, intrabar sequencing and fills may differ from bar-close simulation.
ADX + DI **ADX + DI (Final)** is a clean trend-strength and direction tool built on the classic Wilder **Average Directional Index (ADX)** with optional **+DI / -DI** lines.
* Plots **ADX (red)** to show *trend strength* (not direction).
* Optionally plots **+DI (green)** and **-DI (blue)** to show *directional bias* (bullish when +DI > -DI, bearish when -DI > +DI).
* Includes toggleable horizontal reference levels at **20** and **25** to quickly spot range vs trend regimes.
* Optional background highlighting when **ADX exceeds a user-defined threshold** (default 25) to visually mark “strong trend” conditions.
* Includes alert conditions for:
* **+DI crossing above -DI** (bullish directional shift)
* **-DI crossing above +DI** (bearish directional shift)
* Both crosses **with ADX above the trend threshold** (higher-confidence signals)
**Best use:** filter trades by regime—avoid trend strategies when ADX is low (chop), and focus on pullbacks/breakouts when ADX is rising and above your threshold.
SCOTTGO - Liquidity Zones (Sweeps + Tethers)
SCOTTGO - Liquidity Zones is a high-performance technical analysis tool designed to identify and track Institutional Liquidity Zones, Price Sweeps, and Pivot Levels with a clean, professional-grade interface.
Key Features
Dynamic Liquidity Zones: Automatically identifies Bullish and Bearish zones based on customizable pivot lookbacks.
Identify Liquidity Sweeps: Detects when price "pokes" through a zone but fails to close beyond it, marking the event with a distinct label and a visual tether line.
Active Tracking: Zones and LIQ lines track price in real-time until they are mitigated (broken by a candle close), at which point they visually "deactivate" to reduce clutter.
Professional UI: Features a compact, single-row styling menu (Color, Thickness, and Line Style) that mirrors TradingView’s native design.
Visual Elements
LIQ Lines: Solid or dashed lines tracking the exact pivot price within active zones.
Sweep Tethers: Vertical lines connecting the candle extreme to the "SWEEP" label for precise visual confirmation.
Detailed Tooltips: Hover over LIQ labels or Sweep tags to view specific price data and zone context.
Zone Titles: Clearly labeled "BULL ZONE" and "BEAR ZONE" tags with independent font size controls.
How to Use
Core Logic: Adjust the Pivot Lookback to define the strength of the levels you want to track.
Styling: Use the Inputs Tab for compact, specialized styling of Lines, Borders, and Sweeps.
Analysis: Look for "Sweeps" at zone boundaries as potential signs of reversal or stop-running.
Yearly Projection ExplorerThis indicator helps you understand how the current market period has behaved historically by overlaying the same date window from previous years and projecting it forward from today’s price.
The script works the following way:
Aligns past years to today’s calendar date
Normalizes all paths to the last close at the start
Projects historical performance X bars forward
Displays each year as a separate performance path
Calculates and plots the mean (average) projection for quick reference
🔧 How It Works
Number of Years: choose how many past years to include (e.g. last 10, 20, or 25 years)
Projection Length: choose how many bars (days) ahead to project
Each line shows how the market moved during the same period in a specific year
Labels show the year and total return at the projection end
The mean line highlights the average historical outcome
🧠 Why This Is Useful
Identify seasonal tendencies
Compare current price action to historical analogs
Visualize best / worst historical outcomes
Set realistic expectations for short-term moves
Add context to discretionary or systematic decisions
This tool does not predict the future, but it provides a powerful historical framework to assess what has been typical, rare, or extreme for the current market window.
⚠️ Notes
Script works on timenow variable for now, and you might see unexpected periods if today is a day off.
Results depend on the selected timeframe and instrument
Past performance is not a guarantee of future results
Designed for analysis and context, not standalone signals
4H Previous Candle + FibonacciIndicator Description: 4H Previous Candle + Fibonacci
This Pine Script (v5) indicator is a technical analysis tool designed for traders using the
TradingView platform. It allows for the visualization of key levels from the previous 4-
hour candle directly on any lower time frame.
1. Primary Objective
The indicator aims to provide a Higher Time Frame (HTF) perspective automatically.
By plotting the high, low, and Fibonacci retracement levels of the last closed 4H
candle, it helps identify institutional support and resistance zones without the need to
constantly switch time frames.
2. Key Features
Feature Description
Automatic 4H Levels
Automatically plots horizontal lines for the High and Low of the
previous 4H candle.
Dynamic Adaptation
Line colors and styles adapt based on whether the candle was
bullish (green) or bearish (red).
Fibonacci
Retracements
Calculates and displays customizable Fibonacci levels (e.g., 23.6%,
38.2%, 50%, 61.8%, 78.6%).
Dashboard (HUD)
A summary table in the top-right corner displays exact values and
the candle type.
3. Technical Functionality
Data Retrieval (Multi-Timeframe)
The script uses the request.security function to extract data from the 4-hour time
frame (“240”). Using the index ensures the indicator is based on a closed candle,
eliminating any risk of “repainting” (levels changing during formation).
Fibonacci Calculation Logic
The calculation of Fibonacci levels is intelligent and directional:
Bullish Candle: The retracement is calculated from bottom to top (0% is at the
bottom).
Bearish Candle: The retracement is calculated from top to bottom (0% is at the
top).
4. Configuration Parameters
Users can customize the indicator via the settings menu:
Visual Settings: Toggle lines, adjust thickness, price labels, and decimal
precision.
Fibonacci Settings: Enable levels, choose colors, line thickness, and enter
custom retracement percentages.
5. Trading Use Cases
Bounce Zones: The 50% and 61.8% levels of the previous 4H candle are often
considered “Premium” or “Discount” zones where price tends to react.
Confluence: Use these levels alongside other indicators (RSI, moving averages)
to confirm entry points.
Risk Management: Place Stop Losses just beyond the previous 4H High or Low.
Document generated for the analysis of the “4H Previous Candle + Fibonacci” Pine
Script.
Weekly Debit Spread VWAP + Prior Day + Dual ConfirmOpen Debit Spreads using previous day and current vwap
TGS by Shad TGS Levels — Tesla–W.D. Gann Strategy
TGS Levels is a price-geometry indicator designed to map algorithmic decision zones on the chart using principles inspired by W.D. Gann price geometry and Tesla 3-6-9 harmonic structure.
This indicator is not a signal generator.
It provides a structured price map to help traders understand where reactions or breakouts are statistically more likely to occur.
🔹 Core Concept
Markets do not move randomly.
They rotate and expand around harmonic price cycles.
TGS Levels automatically plots a 100-unit price cycle framework (ideal for XAUUSD / Gold) and divides each cycle into hierarchical angles used by institutional and algorithmic trading models.
🔹 Level Hierarchy (Very Important)
TGS uses four types of levels, each with a different purpose:
🔴 SUPER ANGLE (+45)
Primary decision level
Price often shows strong rejection or explosive breakout
Highest importance level
🟥 MAIN ANGLES (+27, +63, +81)
High-probability reaction zones
Used for structured pullbacks, rejections, or continuation confirmation
🟠 SECONDARY ANGLES (+18, +36, +54, +72, +90)
Context & management levels
Expect hesitation, partial profit zones, or stop-tightening areas
Not recommended for direct entries
🟡 MICRO LEVELS (+3, +6, +9)
Liquidity & compression map
Help visualize absorption, stop hunts, and consolidation
For structure awareness only
🔹 What This Indicator Is Used For
✔ Identifying where price is likely to react
✔ Understanding market structure and rotation
✔ Distinguishing rejection vs breakout zones
✔ Improving trade timing when combined with:
Volatility (ATR)
Market structure (HL / LH / BOS)
Session timing (London / New York)
🔹 What This Indicator Is NOT
❌ Not a buy/sell signal
❌ Not a prediction tool
❌ Not based on indicators like RSI or MACD
TGS Levels is a price-first framework, designed to be used with price action, volatility, and structure.
🔹 Best Use Case
Asset: XAUUSD (Gold)
Execution Timeframe: M5
Sessions: London & New York
Style: Scalping / Intraday structure trading
The same logic can be adapted to other instruments by adjusting the cycle size.
🔹 How to Trade With TGS (High-Level)
When volatility is low or falling → expect rejections at main/super angles
When volatility is expanding → expect breakouts through angles
Use oscillators (like Stochastic) only for timing, not direction
Always confirm with price behavior at the level
🔹 Final Note
TGS Levels provides a clean, non-repainting price map that stays aligned when zooming or scrolling the chart.
All levels are calculated automatically and update dynamically with price.
Levels explain behavior — reactions create opportunity.
CUSUM Volatility BreakoutCUSUM Volatility Breakout A statistical trend-detection and volatility-breakout indicator that identifies subtle momentum shifts earlier than traditional tools.
OVERVIEW
The CUSUM control chart is a statistical tool designed to detect small, gradual shifts from a target value. In trading, it helps identify the early stages of a trend, giving traders a heads-up before momentum becomes obvious on standard price charts. By spotting these subtle movements, the CUSUM Volatility Breakout indicator (CUSUM VB) can highlight potential breakout opportunities earlier than traditional indicators. In other words, a statistical trend detection & breakout indicator.
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HOW IT WORKS
CUSUM VB uses a combination of differenced price series, volume normalization, and dynamic control limits:
CUSUM Principle: Tracks cumulative deviations of price from a zero reference. Signals occur when cumulative deviations exceed a control limit shown on the chart and clears any enabled filters.
Adaptive Volatility: H adjusts automatically based on short- vs long-term ATR ratios, allowing faster detection during volatile periods and reduced false signals in calm markets.
Volume Weighting (optional): Amplifies price CUSUM values during high-volume bars to prioritize market participation strength.
ATR Confirmation (optional): Ensures breakouts are accompanied by expanded volatility.
Bollinger Band Squeeze Integration (optional): Confirms trend breakouts by detecting volatility contraction and release shown on the chart as triangles.
Signals:
Arrows on the price chart mark the bars where trades are actually filled, based on conditions detected on the prior signal bar.
Long Entry: Confirmed positive CUSUM breach (price & volume) with BB breakout (signal bar).
Short Entry: Confirmed negative CUSUM breach (price & volume) with BB breakout (signal bar).
Exit Signals: Triggered automatically by opposite-side signals.
Alerts, when created, fire on the bars where fills occur.
CHART COMPONENTS
CUSUM Upper Price (CU Price) and CUSUM Lower Price (CL Price) are green/red circles for confirmed signals.
● Rapid upward accumulation of CU Price indicates a developing bullish trend.
● Rapid downward accumulation of CL Price indicates a developing bearish trend.
Decision/Control limits (UCL/LCL, red)
Zero line (reference for the differenced price series baseline)
Optional BB triangles and volume CUSUM
SETUP AND CONFIGURATION
Differenced Price Series
Differenced Price Length and Lag
Increase differencing lag or window length → Increases variance of residuals → Wider control limits (UCL/LCL) → Slower to trigger.
Decrease lag or window → Tighter limits, more responsive to short-term regime shifts.
CUSUM Parameters
Volume-Weighted CUSUM
NOTE : Uses price length if 'Confirm Price with Volume' is disabled, otherwise will use volume length.
Amplifies CUSUM price responses during high-volume bars and reduces them during low-volume bars. This links trend detection to market participation strength.
Volume-Weighted CUSUM doesn’t replace price confirmation with volume; it modulates it by volume intensity, amplifying price signals when participation is strong and suppressing them when weak.
Recommended when analyzing assets with consistent volume patterns (e.g., stocks, major futures).
Disable for low-liquidity or irregular-volume instruments (e.g., crypto pairs, small-cap stocks).
ATR Confirmation
Enable this feature to confirm CUSUM signals only when price deviations are accompanied by higher-than-normal volatility. The indicator compares current ATR to a smoothed ATR to detect volatility expansion. This helps distinguish true breakouts from low-volatility noise and reduces false signals during quiet periods.
Adjust the ATR lookback length, smoothing length, and expansion factor to control sensitivity. Rule of thumb:
ATR Length ≈ 0.5 × differenced price length to 1.5 × differenced price length gives balanced sensitivity.
ATR Smoothing 5–10 bars.
ATR Expansion 5% to 50%.
CUSUM Input Mode
Select how CUSUM processes differenced price and log-normalized volume — either directly (Txfrm Data) or as deviations from a short-term EMA baseline (Residuals):
Txfrm Data = transformed input: differenced price & log-normalized volume as input for CUSUM (larger swings, more frequent control limit breaches)
Residuals = deviation from short-term EMA baseline (smaller swings, fewer control limit breaches, but higher signal quality).
Residual EMA Length: Defines how quickly the residual baseline adapts to recent differenced price moves. Shorter = more reactive; longer = smoother baseline. Keep EMA length moderate; over-smoothing can distort timing.
Control Sensitivity (K)
Increase K → Less sensitive → CUSUM accumulates slower → Fewer signals, captures only major trends.
Decrease K → More sensitive → CUSUM accumulates faster → More signals, captures minor swings too.
Reset Mode : Method of resetting CUSUM values.
Immediate Reset: Reset both immediately after any signal breach. Traditional SPC.
Opposite-Side Reset: Reset only the opposite side when a valid signal fires. Best for ongoing trend tracking.
Decay Reset: Gradually reduce CUSUM values toward zero with a decay factor each bar. Maintains trend memory but allows slow “forgetting.”
Threshold Reset: Reset only if CUSUM returns below a small threshold (10 % of H). Filters noise without full wipe.
No Reset / Continuous: Never reset; instead track running totals. Long-term cumulative bias measurement.
Conflict Handling : Method of handling conflicting signals.
Ignore Both: Discards both when overlap occurs.
Prioritize Latest: Chooses the direction implied by the most recent close.
Prioritize Stronger: Compares absolute magnitudes of CU Price vs CL Price.
Average Resolve: Looks at the difference; small overlap → ignore, otherwise pick direction by sign.
Sequential Confirm: Requires N consecutive same-direction signals before confirmation.
Volume Parameters (Optional)
Amplification Factor
Adjusts volume sensitivity and effectively rescales the log series of volume to a comparable magnitude with price changes.
Since price and volume are normalized in a compatible way, the amplification factor is used instead of independent K and H values for volume.
Bollinger Bands (Optional)
Lookback Synchronization
BB Lookback (for CUSUM): Number of bars that define a window for the BB signal to look back for the CUSUM signal.
CUSUM Lookback (for BB): Number of bars that define a window for the CUSUM signal to look back for the BB signal.
Both can be enabled for stricter alignment.
Relationship Between K, H, ARL₀ and ARL₁
H (max) is usually the only H you need to adjust. With everything else being constant, increasing either K or H (max) generally increases both ARL₀ and ARL₁ : higher thresholds reduce false alarms but slow detection, and lower thresholds do the opposite.
Increase Min Target ARL ratio →
ARL₀ increases (safer, fewer false alarms)
ARL₁ decreases or stays small (faster detection)
Control limits slightly expand to achieve separation
Strategy becomes more selective and stable
Decrease Min Target ARL ratio →
ARL₀ decreases (more false alarms tolerated)
ARL₁ increases (slower detection tolerated)
Control limits tighten
Strategy becomes more sensitive but lower quality
The ARL Ratio of ARL₀ / ARL₁ is typically between 3 and 8. This implies you want your ARL₀ (false-alarm interval) ≈ 'Min Target ARL ratio' × differenced price length window.
Example:
"Min Target ARL ratio = 4.0"
⇒ implies you want your ARL₀ (false-alarm interval) ≈ 4 × differenced price length.
Assume price length = 50 (typical differencing window).
ARL ratio = 4.0 → target ARL = 4 × 50 = 200 bars.
● On a 6-hour chart (≈4 bars/day) → ~50 days between expected false alarms (on average).
● On a daily chart → ~200 trading days between false alarms (very conservative).
ARL ratio = 8.0 → target ARL = 400 bars → twice as infrequent signals vs ratio=4.
ARL ratio = 2.0 → target ARL = 100 bars → about half the inter-signal interval.
Another way to think about it: probability of a false alarm on any bar ≈ 1 / target ARL. If you want ~1% of bars producing alarms, target ARL ≈ 100.
QUICK START
Start with the defaults.
Set price series → length/order/lag
Configure CUSUM thresholds → K, H min/max
1. Adjust the price differencing lag/window.
2. Verify that it captures real price inflection points without overreacting to bar noise.
Enable optional filters → Volume, ATR, BB
The optional Bollinger Bands squeeze usually works best if used with CUSUM Input Mode = Txfrm Data.
Monitor CUSUM chart → CU Price, CL Price, thresholds, zero line
Act on signals → data window / chart triangles
Adjust sensitivity → H (max), K, lengths
Monitor ARL ratio and CUSUM behavior for fine-tuning
Note : When you’ve finalized the length, lag, and order of the Price Difference, as well as the Ln(Vol) Series of “Confirm Price with Volume” if enabled, then pass both through the Augmented Dickey–Fuller (ADF) mean reversion test to ensure they are stationary, i.e., mean reverting. You can find a ready-made indicator for such use at . Many thanks to tbtkg for this indicator.
SUMMARY
CUSUM VB combines CUSUM statistical control, volatility-adaptive thresholds, volume weighting, and optional BB breakout confirmation to provide robust, actionable signals across a wide variety of trading instruments.
Why traders use it : Fast detection of shifts, reduced false alarms, versatile across markets.
Ideal for : Futures (continuous contracts), forex, crypto, stocks, ETFs, and commodity/index CFDs, especially where:
● Price and volume data exist
● Breakouts and volatility shifts are tradable
● There’s enough liquidity for meaningful signals
Visualization : Upper/lower CUSUM circles, UCL/LCL thresholds, optional highlight traded background, optional volume and BB overlays on the chart, optional entry/exit labels on the price chart, as well as entry/exit signals in the data window.
Alerts : For entry/exit labels when trades are actually filled.
CUSUM VB is designed for traders who want statistically grounded trend detection with configurable sensitivity, visual clarity, and multi-market versatility.
DISCLAIMER
This software and documentation are provided “as is” without any warranties of any kind, express or implied. CoinOperator assumes no responsibility or liability for any errors, omissions, or losses arising from the use or interpretation of this software or its outputs. Trading and investing carry inherent risks, and users are solely responsible for their own decisions and results.
