Indicator
Confluence Trend and Fibo Reversal SystemAn In-Depth Overview of the "Confluence Trend and Fibo Reversal System"
Introduction: The Purpose and Core Architecture
The "Confluence Trend and Fibo Reversal System" is a sophisticated, highly adaptable Pine Script trading indicator designed to dynamically navigate fluctuating market conditions. The primary objective of this script is to solve a fundamental problem in technical analysis: the tendency of trend-following indicators to produce false signals during sideways markets, and the failure of mean-reversion oscillators during strong trends. To achieve this, the indicator operates as a dual-regime trading algorithm. It constantly analyzes price action to determine whether the current market environment is trending or ranging (sideways). Based on this real-time assessment, the script autonomously switches its internal logic, deploying either a momentum-based confluence engine for trends or a reversal-based engine strictly filtered by Fibonacci retracement levels for sideways markets.
Operating Mechanisms: How the Indicator Generates Signals
The technical architecture of this indicator is divided into four distinct analytical engines that work together to validate trading signals.
1. The Market Regime Filter (Range Detection)
Before any signal is generated, the system calculates a "Range Score" to determine the market state. It evaluates six specific technical conditions:
ADX (Average Directional Index): Checks if the ADX value is below 25, indicating weak trend strength.
Bollinger Bands Position: Verifies if the closing price is contained securely within the upper and lower bands.
Bollinger Bandwidth (BBW): Measures volatility by checking if the current bandwidth is narrower than its 20-period moving average.
RSI (Relative Strength Index): Checks if the RSI is hovering in a neutral zone between 40 and 60.
Stochastic Oscillator: Confirms that the Stochastic K-line is resting in a non-extreme zone between 20 and 80.
EMA Convergence:Measures the gap between the 20-period and 50-period Exponential Moving Averages, checking if they are tightly converged within half of the Average True Range (ATR).
If the total score meets a user-defined threshold (defaulting to 4 out of 6), the system classifies the market as "Ranging" and activates the Reversal engine; otherwise, it defaults to the Trend engine.
2. The Trend Engine (Confluence Scoring)
When the market is clearly trending, the script relies on a strict multi-indicator confluence system to prevent premature entries. It generates a bullish or bearish score out of five possible points:
Price positioning relative to the 50-period EMA.
Directional dominance using the ADX (+DI vs -DI).
Momentum confirmation via MACD baseline crossovers.
Trend alignment with the Supertrend indicator.
Price placement above or below the Ichimoku Kumo Cloud.
A final buy or sell signal in trend mode is only triggered if the accumulated score meets the "Minimum Confluence Score" threshold (defaulting to 4 out of 5).
3. The Reversal & Fibonacci Engine
If the market is ranging, the script hunts for mean-reversion opportunities by scanning for specific price action anomalies and oscillator extremes. It looks for Bullish/Bearish Engulfing candles, Pinbars (Hammers and Shooting Stars), RSI overbought/oversold crossovers, Stochastic extreme crossovers, and Bollinger Band boundary breakouts.
Crucially, these reversal patterns are deemed invalid unless they occur in close proximity to an automatically generated Fibonacci level. The script identifies the highest high and lowest low over a 100-bar lookback period to draw dynamic Fibonacci retracement lines (0.000 to 1.000). A reversal signal is only approved if the price action happens within a tight percentage tolerance zone around these key Fibonacci levels.
4. The Retest Engine
To drastically reduce false breakouts, the script features a built-in "Retest Mode". Instead of firing a buy or sell signal immediately when conditions are met, the script calculates a target "retest price" offset by an ATR multiplier. It will then hold the pending signal in memory for a maximum number of candles (defaulting to 4). The final execution signal is only printed on the chart if the price pulls back to successfully retest this calculated ATR level, proving the validity of the breakout.
Implementation and Usage Guidelines
Recommended Settings
Trade Direction: It is highly recommended to leave the trade direction set to "Both" to allow the dynamic regime filter to operate at its full potential. However, if trading against a higher timeframe macroeconomic trend, users can restrict the system to "Buy Only" or "Sell Only".
Retest Mode: Keep "Enable Retest Mode" activated. While it may cause you to miss trades that instantly aggressively rally, it will save you from substantial losses caused by "fake-out" signals.
Confluence Threshold: For aggressive traders, lowering the Trend Minimum Confluence Score to 3 will yield more signals. For conservative traders, leaving it at 4 or 5 ensures that only the highest probability momentum shifts are traded.
Visual Enhancements: Keep the "Highlight Range Market Background" enabled. This feature turns the chart background orange during sideways markets, providing excellent visual context as to why the indicator is currently ignoring standard trend breakouts.
Suitable Markets and Timeframes**
Because the "Confluence Trend and Fibo Reversal System" actively adapts to volatility and structural shifts rather than relying on static logic, it is exceptionally versatile. It is well-suited for high-liquidity markets such as major Forex pairs (EUR/USD, GBP/USD), large-cap Cryptocurrencies (Bitcoin, Ethereum), and major Equity indices. Due to its reliance on 100-period lookbacks for Fibonacci mapping and 50-period EMAs for trend detection, the indicator performs optimally on medium to higher timeframes—specifically the 1-Hour (H1), 4-Hour (H4), and Daily (D1) charts—where market noise is minimal, and true institutional support and resistance zones are respected. Indicator
VWAP Confluence Engine | AnonycryptousVWAP Confluence Engine | Anonycryptous
Description & user manual
Why this indicator is different
Most traders run VWAP and RSI as two separate tools. VWAP tells you where price is relative to the volume-weighted average. RSI tells you about momentum. The problem is that these two readings constantly disagree, and when they do, the trader is left guessing which one to trust. Price sits above VWAP while RSI turns down. RSI pushes above its midline while price is still below VWAP. Every one of those moments is a decision made under conflicting information, and that is exactly where most intraday accounts bleed.
The VWAP Confluence Engine removes the guessing. Instead of showing you two panels that argue with each other, it forces agreement before it shows a directional state. Three independent measurements have to point the same way: price relative to VWAP, a volume-weighted RSI, and the Money Flow Index. When all three align bullish, the candle is painted in the bull color. When all three align bearish, it is painted in the bear color. When they disagree, the candle is neutral, and that neutral state is the most important output in the whole system. It is the market telling you it has not decided, and that you should not decide either.
This turns a chart full of conflicting signals into a single color-coded read. One glance tells you direction, momentum, and participation at the same time.
But direction alone is only half of a trade. A signal in the wrong location is a trap, no matter how clean the momentum looks. So the engine also maps support and resistance zones from swing pivots, flips those zones as price reclaims or loses them, and tells you in a dashboard where the nearest level sits above and below. A bull agreement firing directly into a heavy resistance zone is a very different proposition from the same agreement firing off a reclaimed support. The indicator gives you both pieces in one view.
And because a single timeframe is never the whole story, a compact multi-timeframe bar shows the same agreement logic across six timeframes at once. When every timeframe is the same color, the decision is easy. When they are mixed, that is information too.
Important notice
The VWAP Confluence Engine generates visual states based on VWAP position, volume-weighted momentum, money flow, and price structure. These states are not financial advice. They do not predict future price movement. They do not guarantee profitability. All trading decisions are made entirely by the user. Always manage your own risk. Always apply your own judgment.
1. Overview
The VWAP Confluence Engine is an overlay indicator that combines VWAP, a volume-weighted RSI, and the Money Flow Index into a single three-way agreement system, then places that agreement in the context of support and resistance structure and higher timeframe trend.
What it includes:
- Anchored VWAP with selectable reset period (hour, 4 hours, day, week, month)
- Volume-weighted RSI that scales price change by relative volume
- Money Flow Index as an independent confirmation layer
- Three-way agreement candle coloring: bull, bear, and neutral
- Gradient fill between VWAP and price that intensifies with distance
- Support and resistance zones from four independent pivot lengths, with zone flip logic
- Divergence detection with a box drawn on the price chart
- Higher timeframe filter that can gate signals to trade only with the larger trend
- Sentiment transition markers on the exact bar agreement changes
- Two configurable EMAs for optional extra confirmation, independent of the signal engine
- Main dashboard with agreement state, VWAP position, VW RSI, MFI, divergence, nearest levels, and a dedicated higher timeframe section
- Compact multi-timeframe bar across six configurable timeframes
- Optional background coloring
- Alerts for agreement changes and divergence
2. Core logic
2.1 The three-way agreement
Everything in this indicator is built around one question: do all three measurements agree?
The three measurements are:
- VWAP position. Is price above or below the anchored VWAP.
- Volume-weighted RSI. Is momentum above or below its midline.
- Money Flow Index. Is money flow above or below its midline.
A bull state requires price above VWAP, VW RSI above the midline, and MFI above the midline at the same time. A bear state requires all three below. Anything else is neutral.
This is deliberately strict. The indicator does not paint a color unless all three independent readings confirm each other. That is why the neutral state matters so much. It is not a weakness in the signal, it is the signal. It marks the stretches where price is chopping, where momentum and money flow disagree, and where forcing a trade usually ends badly.
2.2 Volume-weighted RSI
Standard RSI treats every bar equally. A move on thin volume and a move on heavy volume produce the same RSI value if the price change is the same. The volume-weighted RSI multiplies each bar's price change by its relative volume, the ratio of that bar's volume to a smoothed average, before the smoothing step. Moves on strong participation push the oscillator harder. Moves on weak participation barely register. The result reflects who was behind the move, not just that a move occurred.
2.3 Money Flow Index
The MFI is calculated from typical price multiplied by volume, producing positive and negative money flow that is converted to a 0 to 100 index. It responds differently from the VW RSI because it weights price level rather than price change. Requiring both to agree means two independent volume-based calculations have to arrive at the same conclusion, which is a stronger condition than either one alone.
3. VWAP and the fill
The VWAP is anchored to a selectable period. Day is the default and the most useful for intraday scalping, resetting at each session open. Week and month give longer-term institutional reference levels. Hour and 4 hours give shorter references for very fast trading.
The fill between VWAP and price is drawn with a gradient. Near VWAP it is almost invisible. The further price travels from VWAP, the more the fill intensifies, up to a configurable maximum. This gives an immediate visual sense of how stretched price is from its volume-weighted average without adding any clutter when price is hugging the line. The fill color follows the agreement state.
4. Support and resistance zones
The engine detects swing highs and lows using four independent pivot lengths, each of which can be toggled and adjusted. Instead of drawing thin lines, it draws zones with a thickness based on the average true range, so each level is a band rather than a single price.
The zones flip color based on where price is relative to them:
- When price is above a zone, it is drawn in the bull color, acting as support.
- When price is below a zone, it is drawn in the bear color, acting as resistance.
- When price is inside a zone, it is drawn in the neutral color, marking active interaction.
This flip logic reflects a basic principle of price structure: old resistance becomes new support once it is reclaimed, and old support becomes new resistance once it is lost. The zone color always tells you which role the level is currently playing.
The maximum number of zones shown per pivot length is configurable, so the chart stays as clean or as detailed as you want.
5. Divergence
Divergence is detected by comparing pivots in the VW RSI against pivots in price.
Bearish divergence: price makes a higher high while VW RSI makes a lower high. Momentum is weakening as price extends.
Bullish divergence: price makes a lower low while VW RSI makes a higher low. Selling pressure is fading even as price continues down.
Sensitivity controls the pivot lookback window. High uses a 3-bar window for more signals and more noise. Medium uses 5 bars. Low uses a 10-bar window for fewer, higher quality signals.
When a divergence confirms, a box is drawn on the price chart spanning the full high-to-low range of the swing involved, with a small label naming the divergence type. This shows not just that a divergence happened, but exactly where on the chart it occurred. The dashboard also reports the current divergence state.
6. Higher timeframe filter
The higher timeframe filter, when enabled, requires the higher timeframe to agree with the current direction before a candle can be painted bull or bear. On a lower timeframe this prevents counter-trend coloring during a pullback inside a larger trend.
The filter can be turned off entirely. With it off, candle coloring is based only on the current timeframe's three-way agreement. This is a deliberate choice left to the trader: strict alignment with the higher timeframe, or faster response on the current one. The dashboard always shows the higher timeframe bias regardless of whether the filter is gating signals, so the context is available either way.
7. Multi-timeframe bar
The multi-timeframe bar is a compact panel showing the agreement direction across six timeframes at once. Each slot is fully configurable, defaulting to 5m, 15m, 1h, 4h, D, and W. Each shows a colored triangle, up for bull, down for bear, a dot for neutral, with the timeframe label colored to match.
This is the fastest read in the indicator. When every timeframe is the same color, alignment is strong and the decision is simple. When the shorter timeframes are one color and the higher ones another, price is at a transition or in conflict, and the bar shows that at a glance.
8. Sentiment transitions
When the agreement state changes, a small marker is plotted on the exact bar where it happened. A triangle up when the state flips to bull, a triangle down when it flips to bear, a dot when it drops into neutral. These mark the moments the read changed, which is often more actionable than the state simply being green or red for many bars in a row.
9. Dashboard reference
The main dashboard updates on every bar and shows:
Agreement - the current three-way state: bull, bear, or hold.
VWAP - whether price is above or below the anchored VWAP.
VW RSI - current volume-weighted RSI value, colored by position.
MFI - current Money Flow Index value.
Divergence - active divergence state, if any.
Near Support - nearest zone level below current price.
Near Resist - nearest zone level above current price.
VWAP Anchor - the current VWAP reset period.
The higher timeframe section, which can be toggled, adds for the selected higher timeframe: its agreement state, VWAP position, VW RSI, MFI, whether the higher timeframe filter is active, and a warning if the current chart timeframe is below the recommended minimum for the system.
10. How to use
10.1 The core read
Wait for agreement. A bull or bear colored candle means all three measurements confirm each other. A neutral candle means they do not. The single most valuable habit this indicator encourages is to simply stand aside when candles are neutral. Those stretches are where the market has not chosen a direction, and where forcing a trade tends to produce the worst outcomes.
10.2 Location matters as much as direction
A colored candle tells you the direction is confirmed. The support and resistance zones tell you whether the location is any good. A bull agreement firing straight into a heavy resistance zone above is a low quality entry, even though the momentum looks clean. The same bull agreement firing off a zone that has just flipped from resistance to support is a far better proposition. Read the two together, never direction alone.
10.3 Using the higher timeframe
If you want to trade only in the direction of the larger trend, enable the higher timeframe filter. Colored candles will then only appear when the current and higher timeframe agree. If you prefer to react faster and judge context yourself, leave it off and use the higher timeframe section of the dashboard and the multi-timeframe bar as reference rather than as a hard gate.
10.4 Divergence as context
A divergence box is a warning that momentum and price have started to disagree, not an instruction to enter. The most reliable approach is to wait for a divergence box near a support or resistance zone and then look for the agreement state to actually flip before acting. Divergence can persist for many bars before price responds.
10.5 Illustrative bull scenario
Educational example only. Not a trading recommendation.
Price pulls back to a support zone that flipped from resistance a few sessions earlier. The multi-timeframe bar shows the higher timeframes already bullish. A bullish divergence box appears at the zone. On the next bar the agreement state flips to bull, painting the candle and plotting a transition triangle. Direction, location, momentum, and higher timeframe are all pointing the same way at the same place.
10.6 Illustrative bear scenario
Educational example only. Not a trading recommendation.
Price rallies into a resistance zone overhead. VW RSI and MFI are both rolling over. A bearish divergence box is drawn across the swing. The agreement state flips to bear and a transition triangle down prints. The higher timeframe section confirms a bearish bias. The setup has direction, structure, and higher timeframe agreement in one location.
11. Recommended use
This system is built for intraday trading and works best on the higher intraday timeframes rather than the very fastest ones, where noise overwhelms the agreement logic. The dashboard includes a timeframe check that flags when you are below the recommended minimum. Pivot settings for the support and resistance zones can be tuned per instrument and timeframe; smaller pivot lengths surface shorter-term levels, larger ones surface major structure.
12. Settings reference
VWAP: anchor period, line color, line width.
VW RSI: length, volume smoothing, midline, overbought and oversold levels, divergence sensitivity, divergence toggle and hold, divergence box toggle and transparency.
MFI: enable, length, midline.
HTF filter: enable, timeframe, RSI midline.
S/R zones: show toggle, four pivot lengths with individual show toggles, max zones per pivot, zone thickness by ATR, zone transparency.
Visuals: bull, bear, and neutral colors, candle coloring toggle, VWAP fill toggle and transparency, background color toggle and transparency, sentiment transition toggle.
Moving averages: two EMAs, each with show toggle, length, color, transparency, and width. The EMAs are an optional visual aid for extra confirmation only. They are not part of the agreement engine and do not influence candle coloring, signals, or any other calculation.
Dashboards: main dashboard show, position, size, HTF section toggle, HTF section timeframe. Multi-timeframe bar show, position, size, and six configurable timeframe slots.
13. Disclaimer
This indicator is provided for educational and informational purposes only. Nothing in this document or in the indicator output constitutes financial advice or any form of recommendation. Trading financial instruments involves substantial risk of loss. Past performance is not indicative of future results. You may lose all of your invested capital. Anonycryptous accepts no responsibility or liability for any losses incurred as a result of using this indicator. Indicator
Auto Support & Resistance [ForexCracked]🔷 OVERVIEW
Auto Support & Resistance finds the levels that matter and scores how strong they are. It builds zones from confirmed swing pivots, merges nearby pivots into one level, counts every touch, and rates each zone from one to five stars. Levels never repaint: a zone only appears once its swing is confirmed.
🔷 HOW IT WORKS
Confirmed pivot highs become resistance zones and confirmed pivot lows become support zones. Pivots that land within half an ATR of an existing zone merge into it, and each merge or retest adds a touch. More touches means a more solid fill on the chart and a higher star rating. When price closes through a zone, the level flips: broken resistance becomes support, and broken support becomes resistance, exactly as classic technical analysis describes. Zones that nothing has touched for a long time fade off the chart, and only the strongest levels per side are kept, so the chart stays clean.
🔷 THE DASHBOARD
A compact panel shows the nearest resistance and nearest support: the exact level, how far away it is in pips, and its strength in stars. Drop it in any corner.
🔷 HOW TO USE
Treat the zones as areas of interest, not automatic trades. Watch how price reacts at a strong level: rejections at four and five star zones in the direction of your higher timeframe bias are the classic play, and a clean break and retest of a flipped level is the second. Always confirm with your own analysis and use a stop.
🔷 SETTINGS
Pivot strength, merge distance and zone height (x ATR), max levels per side, break buffer, zone age, colours, and dashboard position.
🔷 ALERTS
Level broken (flip), and New confirmed level.
Free and open-source. Educational tool, not financial advice. Indicator
Adaptive Ichimoku Equilibrium ChannelADAPTIVE ICHIMOKU EQUILIBRIUM CHANNEL
WHAT IT IS
A modern, single-engine extension of Ichimoku Kinko Hyo. Ichimoku's core insight is that its lines are not moving averages but EQUILIBRIUM midpoints — the centre of the recent high/low range — and that it projects that equilibrium forward as a cloud. This script keeps that DNA and rebuilds it as one adaptive object: the equilibrium adapts to trend efficiency, the channel width breathes with volatility, volume confirms or warns, momentum and breakouts flag turns, equal-high/low liquidity pools become structural targets, the cloud trend is read across four timeframes, and a past-only calibration attaches an honest hit-rate to the signals. A plain-language verdict makes it readable at a glance; an Advanced view exposes the full engine.
It is a single indicator, not a pack. Everything plots in one pane on the price chart.
WHY THESE COMPONENTS ARE COMBINED (mashup justification)
Each layer answers a different question a trend trader must answer at the same moment, and all of them share — and reinforce — the same equilibrium spine, which is why they are fused into one engine rather than left as separate studies that would each repaint the chart and never reference each other:
- EQUILIBRIUM SPINE. Fast and slow range-midpoints (the Ichimoku Tenkan/Kijun idea) blended by an efficiency ratio, so the spine tracks quickly in clean trends and slowly in chop. This is "fair value", and every other layer is measured relative to it.
- KUMO CLOUD + MULTI-TIMEFRAME TREND. The forward-displaced cloud shows trend at a glance. The same cloud trend is then sampled at 1x, 3x, 5x and 15x the chart timeframe and shown as four colour-coded cells, so higher-timeframe alignment is visible without switching charts. Alignment across the four is stronger context; conflict is a caution.
- ADAPTIVE WIDTH / PREMIUM-DISCOUNT. The dealing range around the spine expands when volatility expands and contracts when it compresses (width is ATR-based). This makes "discount" (lower half) and "premium" (upper half) mean the same thing across assets and regimes — a fixed-width channel cannot.
- VOLUME CONFIRMATION. Volume-weighted price versus its simple average shows whether volume agrees with the trend; a volume surge flags conviction. This closes the blind spot of a price-only channel. On instruments that report no volume, volume can be borrowed from a chosen proxy symbol.
- DISTANCE-FROM-EQUILIBRIUM DIVERGENCE. Ichimoku has no native oscillator, so momentum here is reconstructed as price's distance FROM the equilibrium spine: when price makes a higher high that is LESS extended from the spine than the previous high (or a lower low that is less extended), momentum is waning and a divergence is flagged at the extreme — exactly where reversals begin.
- VALIDATED BREAKOUTS. A break of a channel rail is only marked when it is confirmed by displacement beyond the rail, a dominant candle body, above-average volume, and a close that holds beyond the rail (anti-wick). This filters out the wick-pokes that fake breakouts on a naive channel.
- LIQUIDITY POOLS. Clusters of equal highs and equal lows are where stop orders rest. The script tracks the nearest unswept pool above and below price and lets trade targets snap to them, so objectives are structural rather than arbitrary.
- FUTURE BIAS + CALIBRATION. Trend, zone, slope, volume and breakouts are fused into a continuation-versus-reversion probability. Separately, the channel setups and the zone signals each carry a PAST-ONLY forward hit-rate, reported with a Wilson 95% confidence interval, measured on the current symbol.
In short: equilibrium without width gives no zones; width without volume or structure is blind; and neither tells you what is statistically likely next or whether the same setup has worked before on this symbol. Because each piece needs the others to be useful, they are one object.
HOW IT WORKS TOGETHER (reading the chart)
1. The trend-coloured band and its midline are the trend: green up, red down, gold/grey when there is no clear trend. The midline holds its colour until the trend actually reverses, so it does not flicker in chop.
2. Within the band, the lower (discount) half is where to look to engage with an uptrend; the upper (premium) half is extended. A downtrend mirrors this.
3. The short coloured level on the right is the invalidation: the current trend read fails on a close beyond it.
4. The dashboard's Ichimoku row shows the cloud trend on 1x/3x/5x/15x. The Higher-TF row tells you whether trades are permitted (setups are taken only in the higher timeframe's direction).
5. An orange "Div" marker warns of waning momentum at an extreme. A "Break" diamond marks a validated breakout. Cyan EQH/EQL lines are the nearest liquidity pools and act as targets.
6. The verdict box states the trend, where price sits, and the conviction in words. The Advanced view adds the calibrated win-rates, volume read, channel state and any optional inter-market context.
HOW TO USE IT
- Apply to any symbol and timeframe. Read the band colour for trend, the half for location, and the verdict box for the plain-language summary.
- Use the Ichimoku multi-timeframe row to gauge whether the higher timeframes agree before acting on a lower-timeframe signal.
- On-chart markers, from most to least prominent: LONG / SHORT label badges are full trade setups (entry, stop and target); Buy / Sell triangles mark price entering the discount/premium zone; the tiny orange "Div" warns of waning momentum at an extreme; the tiny "Break" diamond marks a validated breakout; cyan EQH/EQL lines are the nearest liquidity-pool targets.
- Treat all markers as context, and check their past-only win-rates in the Advanced view before relying on them.
- This is analysis context for your own decision, not a signal to act on blindly. It places no orders.
ORIGINALITY (versus standard Ichimoku)
Standard Ichimoku is a fixed-length, price-only, single-timeframe tool with no volume, no momentum oscillator, no breakout validation, no targets, and no measure of whether it has worked. This script makes the equilibrium adaptive, makes the width volatility-driven, reconstructs momentum as distance-from-equilibrium, validates breakouts against wicks, turns equal-high/low liquidity into targets, shows the cloud trend across four timeframes, adds volume confirmation, and attaches a past-only calibrated hit-rate to its signals. None of that is provided by classic Ichimoku.
UNIVERSAL DATA (works on any market)
The price source is selectable in Settings (default close; choose hl2, hlc3, or any series), every threshold is ATR-relative, and volume can be borrowed from a proxy symbol for instruments that report none — so the script runs on stocks, futures, FX, crypto and indices without re-tuning. Two optional refinements are off by default and never shown on the simple face: a spot symbol (futures-vs-spot basis) and a volatility index (e.g. VIX / India VIX), which feed conviction and channel width when supplied. The entire display — dashboard, bands, lines, labels and markers — adapts to your chart background automatically (Auto theme), or can be forced to Dark or Light, so it stays readable on any background.
SETTINGS OVERVIEW
Data source (price source, optional borrowed-volume symbol); Equilibrium (Tenkan/Kijun lengths, adaptive blend); Adaptive width; Regime (efficiency, ADX, slope); Inter-market refinement (optional); Multi-timeframe trade filter; Calibration horizon and follow-through; Trades; Breakout validation thresholds; Liquidity tolerance; and Visuals (theme, zones, signals, divergence, liquidity, multi-timeframe levels, dashboard position).
LIMITATIONS
The forward cloud is a PROJECTION of the current equilibrium, not a forecast. Calibration and hit-rates describe PAST behaviour only on the current symbol and are not predictive. Borrowed volume, futures-vs-spot basis and volatility-index refinement are approximations. Everything here is probabilistic context, not certainty.
DISCLAIMER
This is a study/indicator for chart analysis and education only. It is not a strategy, not a recommendation, and not financial advice. It places no orders and guarantees no outcome. Markets carry risk; do your own research and manage your own risk.
Indicator
Anchored VWAP Confluence Volume-Weighted Bands & MTF LevelsANCHORED VWAP CONFLUENCE — Decayed Line, Volume-Weighted Bands & MTF Levels
OVERVIEW
This is an anchored-VWAP framework that turns a single VWAP line into a complete fair-value workspace. It plots an anchored VWAP, a faster "decayed" VWAP, a rolling VWAP, proper volume-weighted standard-deviation bands, higher-timeframe VWAP levels that act as support and resistance, and a regime read — and it calibrates its own signals against the symbol's own past so you can see how often they actually followed through. Everything is derived from one idea (volume-weighted price) so the components reinforce each other rather than competing for screen space.
WHY THESE COMPONENTS ARE COMBINED (and how they work together)
A plain VWAP tells you fair value but nothing about momentum, dispersion, higher-timeframe structure, or reliability. Each component here answers a different one of those questions, and they are meant to be read together as one picture:
- ANCHORED VWAP is the reference: fair value accumulated since a chosen event (the session, a swing pivot, or a manual click). Every other element is measured relative to this line, which is why it sits at the centre of the engine rather than being one more overlay.
- DECAYED FAST VWAP is the same VWAP with an exponential half-life applied to its volume weights, so it responds faster to recent flow. On its own a fast line is just noise; paired with the anchored line it becomes a momentum signal — when the fast line crosses the slow line, near-term flow has shifted relative to fair value. This is a fast/slow pair built from a single construct, not two unrelated indicators.
- VOLUME-WEIGHTED SIGMA BANDS measure dispersion around fair value. They are computed from the running second moment (sigma = square root of E - (E )^2), volume-weighted and reset-aware, not a price-only standard deviation slapped onto the VWAP. Because the bands scale with volume-weighted dispersion, "stretched" means the same thing on any instrument and in any regime — which is what lets the cross and stretch signals be compared and calibrated across assets.
- ROLLING VWAP provides a second, independent cross of the anchored line, so a shift confirmed by both the decayed and the rolling line carries more weight than either alone.
- MULTI-TIMEFRAME VWAP LEVELS are the rolling VWAP computed at 3x, 5x and 15x the chart timeframe and drawn as horizontal levels. Higher-timeframe fair value is where larger participants transact, so these levels frequently act as support and resistance. They are coloured by role — green when a level sits below price (support), red when above (resistance) — and weighted by horizon, so the longer-timeframe level is visually the heaviest.
- REGIME + CALIBRATION are the quality layer. An efficiency-ratio and ADX read classifies the market as trending, mixed or choppy, and (optionally) filters the cross signals so they are not taken in chop. Separately, the script tracks, past-only, how often a cross was followed by a move and how often a stretch reverted toward fair value, reporting each as a percentage with a confidence interval. This is what separates a measured framework from a drawing tool: the signals are scored against the instrument's own history.
Read together: the anchored VWAP gives you fair value, the bands tell you how stretched price is, the decayed/rolling crosses tell you when flow shifts, the higher-timeframe levels tell you the structure price is moving inside, the regime tells you whether to trust a signal, and the calibration tells you how those signals have behaved here before.
HOW TO USE IT
1. Pick an anchor mode in settings — Session, Pivot High, Pivot Low, or Manual (click a bar). The anchored VWAP and its bands rebuild from that point.
2. Use the trend-coloured anchored VWAP as fair value. Price above it is in the upper half of value, below it the lower half.
3. Watch the decayed line crossing the anchored line (triangles) as a momentum-shift cue, and treat crosses that occur in a non-choppy regime as higher quality (the regime filter does this for you when enabled).
4. Treat the +/- sigma stretches (circles) as extension — price is far from fair value and historically prone to revert; the table shows how often that has happened on this symbol.
5. Use the 3x/5x/15x VWAP levels as support/resistance targets and invalidation references; alignment of price above or below all three is shown compactly in the table.
6. Read the table for direction, extension (as a z-score), regime, higher-timeframe alignment, and the past-only follow-through rates.
WHAT MAKES IT ORIGINAL
It is not a single-line VWAP or a generic band script. The combination is the point: a decayed fast/slow VWAP pair, a correct volume-weighted sigma from the running second moment, multi-timeframe VWAP support/resistance, regime-gated signals, and a per-symbol calibration of both the cross and the stretch. The calibration in particular — measuring the script's own signals against the symbol's own past rather than assuming they work — is not something a standard VWAP provides.
WORKS ON ANY ASSET (universal)
The price SOURCE is selectable in the settings, so the engine runs on any market — futures, indices, FX, crypto, or stocks. VWAP requires volume; on symbols that report none, you can borrow volume from a reference symbol so the script still functions. All thresholds are sigma- and ATR-relative, so nothing is tied to one instrument's price scale.
SETTINGS SUMMARY
- Data Source: price source (default HLC3) and an optional volume-borrow symbol for no-volume instruments.
- Anchor & Lines: anchor mode, pivot length, manual anchor time, decay half-life, rolling window, slope smoothing.
- Signals & Regime: stretch threshold (in sigma), and an option to show crosses only in a non-choppy regime.
- Higher-Timeframe VWAP: show the 3x/5x/15x bias, and draw them as support/resistance levels.
- Calibration: enable tracking, evaluation horizon, and minimum follow-through in ATR.
- Visuals: Auto/Dark/Light theme, bull/bear colours, gradient fill, line glow, table, and table position.
The script also prints its name, the symbol and the timeframe on the chart so it is always clear what is being viewed.
LIMITATIONS (please read)
- Pivot anchors confirm only after the pivot length in bars, so a new pivot anchor appears with that delay (it is always drawn at its true historical bar).
- The higher-timeframe levels are live VWAPs and firm up as their higher-timeframe bar closes.
- Calibration is descriptive of past behaviour only and is not a forecast.
- Everything here is probabilistic context, not a prediction or a guarantee.
DISCLAIMER
This is a study / indicator for chart analysis and education only. It is NOT a strategy, NOT a recommendation, and NOT financial advice. It places no orders and guarantees no outcome. Trading involves risk. Do your own research and manage your own risk.
Indicator
Hitesh Nimje 2026To publish your indicator on PulseWire, you need a clear, professional description that explains the features to potential users. Since your script is a powerful "All-in-One" suite, here is a template you can use.
Title Idea
Hitesh Nimje | Combined Trading Suite (EMA Bundle + Sessions + MTF Levels)
Description Template
Description:
This all-in-one trading tool combines essential trend-following indicators and market structure analysis to provide a clean, clutter-free workspace. Designed for intraday and swing traders, this suite eliminates the need for multiple indicators by merging three core functionalities into one.
Key Features:
TMT EMA Bundle: Includes 10 customizable Exponential Moving Averages (EMA 9, 11, 15, 21, 50, 51, 55, 100, 200, 400). You can toggle these on/off to suit your specific strategy.
MTF Highs/Lows & S/R: Automatically plots vital support and resistance levels from higher timeframes (Daily, Weekly, Monthly) and identifies All-Time Highs/Lows (ATH/ATL).
Market Session Tracking: Monitors four distinct trading sessions (A, B, C, D) with options for trendlines, VWAP, and range boxes to help you identify market volatility throughout the day.
Advanced Dashboard: A centralized, dynamic table that shows real-time session status, market bias, and volume analysis. The "Advanced" mode provides deep data on buyer/seller volume and delta.
Trend Context: Features a built-in EMA Trend monitor that helps you quickly gauge if the current price is trading above or below the 200 EMA.
How to use:
Add the indicator to your chart.
Open the "Settings" menu to toggle your preferred EMAs (9, 21, and 200 are enabled by default).
Use the Dashboard to track session activity and EMA trends at a glance.
Adjust the "Dashboard Location" and "Size" to fit your layout.
Settings:
Defaults: EMA 9, 21, and 200 are enabled by default for a clean trend-following approach.
Advanced Mode: Toggle the Advanced Dashboard for detailed volume/delta metrics. Indicator
Liquidity Rejection StudyThe Liquidity Rejection Study is a specialized technical analysis tool designed to identify and visualize price exhaustion at key historical levels. By focusing on the relationship between price action, volume, and established pivot zones, this study helps traders distinguish between minor price fluctuations and significant structural shifts in market control.
Traders utilize the Liquidity Rejection Study to monitor institutional "footprints" left at supply and demand zones, providing a cleaner perspective on market reversals and trend continuation.
Calculation
The study operates through a multi-stage validation engine to ensure that only the most significant technical events are highlighted.
1. Structural Mapping: The indicator identifies local price extremes (Highest Highs and Lowest Lows) over a user-defined lookback period. These levels serve as the baseline for the liquidity zones.
2. Wick-to-Body Exhaustion: The study analyzes the anatomy of each candle interacting with these zones. A rejection is identified when a candle displays a high wick-to-body ratio (at least 2:1), indicating a failed attempt to breach the level.
3. Volume-Weighted Confirmation: To validate the rejection, the script requires a surge in volume relative to its moving average. This confirms that the price movement is backed by market liquidity.
4. Pivot Breach Validation: A "State Change" is only confirmed once the price successfully breaks the high (for bullish) or low (for bearish) of the rejection candle within a narrow time window.
Visuals and Interpretation
To maintain professional chart clarity, the study uses non-suggestive geometric markers:
Structural Diamonds: Confirmed rejections and structural shifts are marked with small diamond shapes. These signify points of high technical interest for discretionary analysis.
Historical Pivot Segments: The upper and lower boundaries used for the study are plotted as discrete lines, visualizing the active "liquidity ceiling" and "liquidity floor."
Inputs
Macro Baseline (EMA 200)
An optional trend filter. When enabled, the study only highlights rejections that align with the long-term institutional trend.
Pivot Lookback
The number of bars used to calculate the highest and lowest historical levels. A higher value results in more significant, longer-term zones.
Volume Threshold Multiplier
Adjusts the sensitivity of the volume filter. A value of 1.2, for example, requires volume to be 20% higher than the 20-period average to validate a rejection.
Volatility (ATR) Period
Sets the lookback for the Average True Range, which defines the "proximity zone" around the pivots where rejections are considered valid. Indicator
Indicator
GC High-Prob 3-Touch + RVOLWhen publishing your script to PulseWire, the description is your "sales pitch" to the community. PulseWire’s moderators and users look for three things: What it does, Why it’s useful, and How to interpret it.
Here is a structured, professional description you can copy and paste into the publishing field.
Title Suggestion: GC High-Prob Liquidity Zones: 3-Touch + RVOL Surge
Description:
Overview
This indicator is designed specifically for Gold (GC) and other highly liquid futures, focusing on identifying high-probability support and resistance zones. Rather than plotting every minor pivot, this script filters market noise by requiring a "clustering" of price action and institutional volume confirmation.
It identifies levels where the price has been rejected at least three times within a narrow range and validates the strength of these zones using Relative Volume (RVOL).
Key Features
3-Touch Requirement: The script only plots a zone once it detects 3 separate rejections at a specific price level. This identifies "battlegrounds" where supply and demand are truly established.
RVOL Surge Filter: To prevent "lazy" or low-liquidity fake-outs, the zone is only highlighted if the most recent touch occurred with a volume spike (Relative Volume > 1.5x average).
Dynamic Price Anchoring: Built using Pine Script v6 force_overlay, these zones are physically anchored to the price candles. They scale and move perfectly with the chart as you zoom or scroll, avoiding the "floating" issues common in standard drawing scripts.
Smart Proximity: Includes a proximity filter (default $0.50 for Gold) that groups nearby wicks into a single unified zone of interest.
How to Use
Identify the Zone: When a Red (Resistance) or Green (Support) box appears with a thick yellow border, it indicates a high-probability institutional level.
Wait for the Sweep: Look for price to "hunt" the liquidity inside the box.
The Rejection: A successful trade setup often occurs when a candle wicks into the zone but closes back outside of it on high volume.
Risk Management: The edges of these boxes provide clear, objective levels for stop-loss placement.
Settings
Pivot Strength: Adjusts how "significant" a peak must be to be recorded. (10 is recommended for 1m/5m charts).
RVOL Threshold: Sets the multiplier for volume spikes. 1.5 means 150% of the recent average volume.
Touch Proximity: Defines how close rejections must be to each other to be considered part of the same "cluster." Indicator
Dynamic Pivot Point [MarkitTick]Title: Dynamic Pivot Point MarkitTick
Concept
Unlike traditional Pivot Points, which plot static horizontal levels based on the previous period's High, Low, and Close, this script introduces a dynamic element by applying an Exponential Moving Average (EMA) to the calculated pivot levels. This approach allows the Support and Resistance zones to adapt more fluidly to recent price action, reducing the jagged steps often seen in standard multi-timeframe pivot indicators.
How It Works
The script operates in two distinct phases of calculation:
1. Data Extraction and Core Math:
The indicator first requests the High, Low, and Close data from a user-defined timeframe (e.g., Daily, Weekly). Using this data, it calculates the standard Pivot Point (P) alongside three levels of Support (S1, S2, S3) and three levels of Resistance (R1, R2, R3) using standard geometric formulas:
Pivot = (High + Low + Close) / 3
R1 = 2 * Pivot - Low
S1 = 2 * Pivot - High
(Subsequent levels follow standard Floor Pivot logic).
2. Dynamic Smoothing:
Instead of plotting these raw values directly, the script processes each calculated level (P, S1-S3, R1-R3) through an Exponential Moving Average (EMA). The length of this EMA is controlled by the Pivot Length input. This smoothing process filters out minor volatility and creates curved, dynamic trajectories for the pivot levels rather than static straight lines.
How to Use
Traders can use this tool to identify dynamic areas of interest where price may react.
The White Line represents the Central Pivot. Price action relative to this line helps determine the immediate bias (above for bullish, below for bearish).
Green Lines (Support 1, 2, 3) indicate potential demand zones where price may bounce during a downtrend.
Red Lines (Resistance 1, 2, 3) indicate potential supply zones where price may reject during an uptrend.
Because the levels are smoothed, they can also act as dynamic trend followers, similar to moving averages, but derived from pivot geometry.
Settings
Show Pivot Points: Toggles the visibility of the plot lines on the chart.
Pivot Length: Defines the lookback period for the EMA smoothing applied to the pivot levels. A higher number results in smoother, slower-reacting lines.
Timeframe: Determines the timeframe used for the underlying High/Low/Close data (e.g., selecting "D" calculates pivots based on Daily data while viewing a lower timeframe chart).
Disclaimer This tool is for educational and technical analysis purposes only. Breakouts can fail (fake-outs), and past geometric patterns do not guarantee future price action. Always manage risk and use this tool in conjunction with other forms of analysis. Indicator
Smart MTF S/R Levels[BullByte]
Smart MTF S/R Levels
Introduction & Motivation
Support and Resistance (S/R) levels are the backbone of technical analysis. However, most traders face two major challenges:
Manual S/R Marking: Drawing S/R levels by hand is time-consuming, subjective, and often inconsistent.
Multi-Timeframe Blind Spots: Key S/R levels from higher or lower timeframes are often missed, leading to surprise reversals or missed opportunities.
Smart MTF S/R Levels was created to solve these problems. It is a fully automated, multi-timeframe, multi-method S/R detection and visualization tool, designed to give traders a complete, objective, and actionable view of the market’s most important price zones.
What Makes This Indicator Unique?
Multi-Timeframe Analysis: Simultaneously analyzes up to three user-selected timeframes, ensuring you never miss a critical S/R level from any timeframe.
Multi-Method Confluence: Integrates several respected S/R detection methods—Swings, Pivots, Fibonacci, Order Blocks, and Volume Profile—into a single, unified system.
Zone Clustering: Automatically merges nearby levels into “zones” to reduce clutter and highlight areas of true market consensus.
Confluence Scoring: Each zone is scored by the number of methods and timeframes in agreement, helping you instantly spot the most significant S/R areas.
Reaction Counting: Tracks how many times price has recently interacted with each zone, providing a real-world measure of its importance.
Customizable Dashboard: A real-time, on-chart table summarizes all key S/R zones, their origins, confluence, and proximity to price.
Smart Alerts: Get notified when price approaches high-confluence zones, so you never miss a critical trading opportunity.
Why Should a Trader Use This?
Objectivity: Removes subjectivity from S/R analysis by using algorithmic detection and clustering.
Efficiency: Saves hours of manual charting and reduces analysis fatigue.
Comprehensiveness: Ensures you are always aware of the most relevant S/R zones, regardless of your trading timeframe.
Actionability: The dashboard and alerts make it easy to act on the most important levels, improving trade timing and risk management.
Adaptability: Works for all asset classes (stocks, forex, crypto, futures) and all trading styles (scalping, swing, position).
The Gap This Indicator Fills
Most S/R indicators focus on a single method or timeframe, leading to incomplete analysis. Manual S/R marking is error-prone and inconsistent. This indicator fills the gap by:
Automating S/R detection across multiple timeframes and methods
Objectively scoring and ranking zones by confluence and reaction
Presenting all this information in a clear, actionable dashboard
How Does It Work? (Technical Logic)
1. Level Detection
For each selected timeframe, the script detects S/R levels using:
SW (Swing High/Low): Recent price pivots where reversals occurred.
Pivot: Classic floor trader pivots (P, S1, R1).
Fib (Fibonacci): Key retracement levels (0.236, 0.382, 0.5, 0.618, 0.786) over the last 50 bars.
Bull OB / Bear OB: Institutional price zones based on bullish/bearish engulfing patterns.
VWAP / POC: Volume Weighted Average Price and Point of Control over the last 50 bars.
2. Level Clustering
Levels within a user-defined % distance are merged into a single “zone.”
Each zone records which methods and timeframes contributed to it.
3. Confluence & Reaction Scoring
Confluence: The number of unique methods/timeframes in agreement for a zone.
Reactions: The number of times price has touched or reversed at the zone in the recent past (user-defined lookback).
4. Filtering & Sorting
Only zones within a user-defined % of the current price are shown (to focus on actionable areas).
Zones can be sorted by confluence, reaction count, or proximity to price.
5. Visualization
Zones: Shaded boxes on the chart (green for support, red for resistance, blue for mixed).
Lines: Mark the exact level of each zone.
Labels: Show level, methods by timeframe (e.g., 15m (3 SW), 30m (1 VWAP)), and (if applicable) Fibonacci ratios.
Dashboard Table: Lists all nearby zones with full details.
6. Alerts
Optional alerts trigger when price approaches a zone with confluence above a user-set threshold.
Inputs & Customization (Explained for All Users)
Show Timeframe 1/2/3: Enable/disable analysis for each timeframe (e.g., 15m, 30m, 1h).
Show Swings/Pivots/Fibonacci/Order Blocks/Volume Profile: Select which S/R methods to include.
Show levels within X% of price: Only display zones near the current price (default: 3%).
How many swing highs/lows to show: Number of recent swings to include (default: 3).
Cluster levels within X%: Merge levels close together into a single zone (default: 0.25%).
Show Top N Zones: Limit the number of zones displayed (default: 8).
Bars to check for reactions: How far back to count price reactions (default: 100).
Sort Zones By: Choose how to rank zones in the dashboard (Confluence, Reactions, Distance).
Alert if Confluence >=: Set the minimum confluence score for alerts (default: 3).
Zone Box Width/Line Length/Label Offset: Control the appearance of zones and labels.
Dashboard Size/Location: Customize the dashboard table.
How to Read the Output
Shaded Boxes: Represent S/R zones. The color indicates type (green = support, red = resistance, blue = mixed).
Lines: Mark the precise level of each zone.
Labels: Show the level, methods by timeframe (e.g., 15m (3 SW), 30m (1 VWAP)), and (if applicable) Fibonacci ratios.
Dashboard Table: Columns include:
Level: Price of the zone
Methods (by TF): Which S/R methods and how many, per timeframe (see abbreviation key below)
Type: Support, Resistance, or Mixed
Confl.: Confluence score (higher = more significant)
React.: Number of recent price reactions
Dist %: Distance from current price (in %)
Abbreviations Used
SW = Swing High/Low (recent price pivots where reversals occurred)
Fib = Fibonacci Level (key retracement levels such as 0.236, 0.382, 0.5, 0.618, 0.786)
VWAP = Volume Weighted Average Price (price level weighted by volume)
POC = Point of Control (price level with the highest traded volume)
Bull OB = Bullish Order Block (institutional support zone from bullish price action)
Bear OB = Bearish Order Block (institutional resistance zone from bearish price action)
Pivot = Pivot Point (classic floor trader pivots: P, S1, R1)
These abbreviations appear in the dashboard and chart labels for clarity.
Example: How to Read the Dashboard and Labels (from the chart above)
Suppose you are trading BTCUSDT on a 15-minute chart. The dashboard at the top right shows several S/R zones, each with a breakdown of which timeframes and methods contributed to their detection:
Resistance zone at 119257.11:
The dashboard shows:
5m (1 SW), 15m (2 SW), 1h (3 SW)
This means the level 119257.11 was identified as a resistance zone by one swing high (SW) on the 5-minute timeframe, two swing highs on the 15-minute timeframe, and three swing highs on the 1-hour timeframe. The confluence score is 6 (total number of method/timeframe hits), and there has been 1 recent price reaction at this level. This suggests 119257.11 is a strong resistance zone, confirmed by multiple swing highs across all selected timeframes.
Mixed zone at 118767.97:
The dashboard shows:
5m (2 SW), 15m (2 SW)
This means the level 118767.97 was identified by two swing points on both the 5-minute and 15-minute timeframes. The confluence score is 4, and there have been 19 recent price reactions at this level, indicating it is a highly reactive zone.
Support zone at 117411.35:
The dashboard shows:
5m (2 SW), 1h (2 SW)
This means the level 117411.35 was identified as a support zone by two swing lows on the 5-minute timeframe and two swing lows on the 1-hour timeframe. The confluence score is 4, and there have been 2 recent price reactions at this level.
Mixed zone at 118291.45:
The dashboard shows:
15m (1 SW, 1 VWAP), 5m (1 VWAP), 1h (1 VWAP)
This means the level 118291.45 was identified by a swing and VWAP on the 15-minute timeframe, and by VWAP on both the 5-minute and 1-hour timeframes. The confluence score is 4, and there have been 12 recent price reactions at this level.
Support zone at 117103.10:
The dashboard shows:
15m (1 SW), 1h (1 SW)
This means the level 117103.10 was identified by a single swing low on both the 15-minute and 1-hour timeframes. The confluence score is 2, and there have been no recent price reactions at this level.
Resistance zone at 117899.33:
The dashboard shows:
5m (1 SW)
This means the level 117899.33 was identified by a single swing high on the 5-minute timeframe. The confluence score is 1, and there have been no recent price reactions at this level.
How to use this:
Zones with higher confluence (more methods and timeframes in agreement) and more recent reactions are generally more significant. For example, the resistance at 119257.11 is much stronger than the resistance at 117899.33, and the mixed zone at 118767.97 has shown the most recent price reactions, making it a key area to watch for potential reversals or breakouts.
Tip:
“SW” stands for Swing High/Low, and “VWAP” stands for Volume Weighted Average Price.
The format 15m (2 SW) means two swing points were detected on the 15-minute timeframe.
Best Practices & Recommendations
Use with Other Tools: This indicator is most powerful when combined with your own price action analysis and risk management.
Adjust Settings: Experiment with timeframes, clustering, and methods to suit your trading style and the asset’s volatility.
Watch for High Confluence: Zones with higher confluence and more reactions are generally more significant.
Limitations
No Future Prediction: The indicator does not predict future price movement; it highlights areas where price is statistically more likely to react.
Not a Standalone System: Should be used as part of a broader trading plan.
Historical Data: Reaction counts are based on historical price action and may not always repeat.
Disclaimer
This indicator is a technical analysis tool and does not constitute financial advice or a recommendation to buy or sell any asset. Trading involves risk, and past performance is not indicative of future results. Always use proper risk management and consult a financial advisor if needed.
Indicator
Higher Timeframe Support/ResistanceMulti-Timeframe Support/Resistance Indicator
This PulseWire indicator helps you monitor important support and resistance levels based on the previous candle’s high, low, and close from a higher timeframe. By default, it uses a daily timeframe, but you can adjust this to any timeframe you want.
Key Features:
- Previous Candle High (PCH) and Previous Candle Low (PCL):
These levels are plotted on your chart (if enabled) and can act as potential support and
resistance zones. You can toggle the visibility of these levels.
- Pivot, Resistance (R1), and Support (S1):
The script calculates Pivot, R1 (Resistance), and S1 (Support) levels based on the previous
candle's price action from the selected higher timeframe.
These levels are displayed on your chart and can be used to identify potential breakout or
reversal points.
- Alert Feature:
Alerts are triggered when the price approaches any of these key levels (PCH, PCL, Pivot, R1,
or S1) within a specified threshold (e.g., 0.5%).
This helps traders react quickly to potential price movements near critical levels.
- Visual Representation:
The script visually fills the areas between Pivot and R1 (Resistance-Pivot Zone) and Pivot and
S1 (Support-Pivot Zone) with color for easy identification of key price zones. Indicator
All Time High (ATH) Levels [LuxAlgo]The All Time High (ATH) Levels indicator displays a user-set amount of historical all-time high levels made on the user's chart, highlighting potential key price levels.
Displayed levels can be filtered out based on their duration, as well as their relative distance from each other.
The script also evaluates the role a level might have as a support or resistance using a percentage, classifying ATH levels as either support or resistance depending on the result.
🔶 USAGE
On certain assets market participants give a high level of attention to all-time highs made by an asset, with the most pertinent example being Bitcoin.
Previous all-time highs can play important roles as psychological price levels, with the most recent ones often offering major resistance points, and older ones being used as support.
Users can filter out temporary ATHs using the ATH Minimum Duration setting, removing any ATH that lasts less than the user-specified number of bars. Higher values of this setting effectively preserve ATHs that become distinguishable peaks. These can offer more significant support/resistance levels.
When displaying each historical level some of them can be very close to each other. Users can use the "Minimum Distance Between ATH" setting to filter out levels too close to each other, with higher values of this setting returning more spaced levels. Distances are first evaluated from the most recent ATH. Note that this setting can cause repainting.
🔹 SR Classification
The script evaluates the ability of an ATH level to act as a support or resistance since its occurrence, and measures its strength as a percentage, with higher percentage values suggesting a stronger support or resistance.
Levels classified with "R" suggest that the price was located below the level most of the time, indicative of a resistance, while a level classified with "S" suggests that the price was located above the level most of the time, indicative of a support.
Percentages between 99% to 50% are often indicative of supports/resistances being tested, while values below 50% reflect more centered levels. A value of 100% suggests that an ATH level was not tested enough. users can filter out any level with a percentage below the "Minimum %" setting.
🔶 SETTINGS
Show Last ATH: Specify the amount of most recent ATH's to display.
ATH Minimum Duration: Minimum duration (in bars) of an ATH, that is the minimum number of bars that must elapse before another ATH can be made.
Minimum Distance Between ATH: Minimum distance between displayed ATH levels, starting from the most recent ATH. This distance is a multiple of the average true range.
🔹 SR Classification
Show SR%: Show percentage as well as ATH level classification.
Minimum %: Minimum percentage values required to display an ATH level.
Indicator
HT: Intraday LevelsIndicator draws several most important intraday levels: last day RTH high/low, ETH high/low, Half Back, Day Close and current day RTH Day Open. These levels often act as support/resistance for intraday price movements. Also, they can help to assess day character and control of power.
Indicator can be used for ETH + RTH sessions.
Important notes:
• User must specify RTH session time, appropriate for his time zone and exchange
• Half-back is calculated as a middle line between RTH High and Low.
• Day Close is always equal to close of the last bar of the previous day
• RTH Day Open will be redrawn for the current day as soon as it is known (after RTH session opens and at least one bar gets confirmed).
Known issues:
• Day open will not be shown if there is no bar, clearly corresponding to RTH open time (e.g. if 4h timeframe is selected)
• For some ETH sessions it is not possible to determine session’s last bar (this is pine script limitation) until next day trading starts. This means that daily levels will be also update with only then.
Parameters:
Date – user can select date, for which levels will be plotted. Works only if “Use” check box is on. Otherwise, levels will be plotted for the last day. (“time” value doesn’t matter; unfortunately, there is no way to hide the input box)
RTH Open/Close time – it is important to specify time, appropriate for your time zone.
Time zone – your chart time zone (as UTC offset)
Visuals – controls visibility and colors
Script is published as an open source. It uses two libraries: Levels Lib and Functions Lib. First one demonstrates how to work with pine-script object model and arrays. You can also reuse it in your custom scripts where there is need to construct any support/resistance levels. The second library contains some useful functions for working with time and dates.
Disclaimer
This indicator should not be used as a standalone tool to make trading decisions but only in conjunction with other technical analysis methods.
Indicator
