Helo All, I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one. The options: "Period" is used to find Pivot Points "Max Breakout Length" is the maximum length to search breakouts "Threshold Rate %" is channel width of the breakout area. calculated using highest/lowest of...
Gridimus Maximus draws N grid lines stepping by price or percent in chosen direction from set price, or draws N grid lines stepping by pivots. The queue function method used is adapted from an example provided on the PineCoders website, much gratitude to LucF for this gem! To prevent grid lines out of range from causing chart to rescale right click on chart's...
This script example aims to cover the following: defining custom timeframe / session windows gather a price range from the custom period ( high/low values ) create a secondary "holding" period through which to display the data collected from the initial session simple method to shift times to re-align to preferred timezone Articles and further reading:...
The SMA 200 is one of the most important and strongest support/resistance lines on any timeframe. This script pulls the SMA 200 line from multiple timeframes so traders can visually see price action bounce between support and resistance . The current timeframes SMA 200 is displayed in white and turns yellow to signify "pressure". Can be used on higher timeframes...
Live plotting of Point and Figure chart on a candlestick chart. With its own construction engine, it plot "X" and "O" column using a line chart. It plots the "X" column with green color and the "O" column with red color. Color of the line chart change from green to red when the column reversed from "X" to "O". It plot "Double Top Buy" and "Double Bottom Sell"...
This script adds background to the chart to highlight different time areas in any chart. The time areas are in relation to the open/close time of NYSE , both regular and extended session. The background colors are the following by default: NO COLOR : NYSE is open DARK BLUE : NYSE is closed LIGHT BLUE : NYSE post market session ORANGE : NYSE pre market...
This indicator identifies trends in multiple higher timeframes (D, W, M) and shows them in a widget off to the right of the chart. It's meant to be used as an alternative filter for "trading with the trend." Typically people use moving averages of varying lengths for this (i.e. if over 200 MA it's an uptrend, etc.), but I wanted to see if it might be more...
This indicator is an all in one indicator for the "The strat" method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals! What is included: * Candle Type 1 - Inside Candle * Candle Type 2- Up or Down Candle * Candle Type 3 - Engulfing Candle * Strat signal: - 2-1-2 setup - 3-2-2 setup * Full Timeframe Continuity: - from a 5min...
This script is used for plotting the Fibonacci support and resistance levels. Compared to other ones, the changes to this script are that you can choose what color should all the lines be and that it doesn't change the chart's size, meaning that it won't shrink the chart so that all the levels can be seen. If you have any suggestions, I'm open to anything. Also,...
The EMA 730 line is a great way to show dynamic support and resistance . Price action travels "through" this line on each timeframe. This script pulls the EMA 730 Line from multiple timeframes so a trader can visually see price action bounce between support and resistance lines. Lower bands (white lines) can be turned off using "tickbox" in settings. EMA length...
About this script: This example aims to highlight an alternative way to view HTF data by providing basic interpolation functionality. This script does not aim to provide use in itself as an indicator or strategy. Reason for study: Educational Purposes Only
Author: Arthur Wayne Description: This script automatically plots levels according to Primetime Trading Academy guidelines. Directions: On the monthly chart, you should select two significant monthly support/resistance levels and input them into the script. It is recommended to mark these levels with the price label tool. The script will then...
Predicts local bottoms and support levels. Simply enter a strong resistance level (Settings > Liquidation Resistance Level), and this indicator shows you levels where margin selling pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected above a strong resistance level. 2x -...
Predicts local tops and resistance levels. Simply enter a strong support level (Settings > Liquidation Support Level), and this indicator shows you levels where margin buying pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected below a strong support level. 2x - blue 3x -...
The intent of this strategy is to buy breakouts with a tight stop on smaller timeframes in the direction of the longer term trend. Default longer term trend is the daily, but the user can choose any timeframe to use for the SMAs (which act as filters and trailing stops). Exit the trade using a trailing stop of a close below either the 10 MA or 20 MA (user...
This is an alert script using Pinescript version 4. This enables one to set 5 alerts (1 StopLoss, 4 Targets), on 3 different symbols, at using a single alert in the UI. Every visible line will only appear on the symbols that are selected. After setting targets when making an alert, select this indicator as a condition. Change the name to whatever you want, usually...
The RexDog Hour Close Lines plots the last 4 previous hour (60 minute) closes. Extremely helpful indicator for traders who trade on lower timeframes below the 60. The plotted lines are also offset to represent that hours close location on the chart-- but keep the below in mind. The offset is set for a default resolution of 5 minutes. In that chart timeframe, the...
This indicator calculates the Fibonacci retracement levels based on beam bands. As you can see the price very often reacts to these levels.