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LOOK FIRST
/
THEN LEAP.

ALWAYS AN INFORMED INVESTMENT DECISION.

FIRST YOU PREPARE, THEN YOU GO FOR IT.


Search markets here
BTCUSD
16 731.00USD+2.58%
NIFTY
18 329.15INR−0.11%
BANKNIFTY
42 076.75INR−0.14%
Watch explainer
Leo Houlding, explorer

Chart. Chat. Trade. Repeat

Join 30 millions traders and investors making better, brighter decisions in the
world markets.

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MARKET SUMMARY

IndicesStocksCryptoForexFuturesBondsMore

NiftyRMarket ClosedNIFTY
18329.15INR
−0.11%
BSE SENSEXDMarket ClosedSENSEX
61624.15INR
−0.28%
S&P 500RMarket ClosedSPX
3992.92USD
+0.92%
Nasdaq CompositeRMarket ClosedIXIC
11323.33USD
+1.88%
UK 100RMarket OpenUKX
7337.98GBP
+0.27%
DAX IndexDMarket OpenDAX
14283.85EUR
+0.41%
RelianceRELIANCE

INDIABULLS HOUSINGIBULHSGFIN

YES BANKYESBANK

STATE BK OF INDIASBIN

HDFC BANKHDFCBANK

TTTATA STEEL LTDTATASTEEL

Crypto Market CapTOTAL

BitcoinBTCUSD

EthereumETHUSD

SolanaSOLUSD

UniswapUNIUSD

Luna / U.S. DollarLUNAUSD

USD/INRUSDINR

EUR/USDEURUSD

GBP/USDGBPUSD

USD/JPYUSDJPY

USD/CNYUSDCNY

U.S. DollarDXY

GoldGC1!

SilverSI1!

Crude OilCL1!

Brent OilBR1!

Natural GasNG1!

BitcoinBTC1!

US 10YUS10Y

Euro 10YEU10Y

Germany 10YDE10Y

Japan 10Y YieldJP10Y

UK 10YGB10Y

India 10YIN10Y






1D1M3M1Y5YAll



EDITORS' PICKS

Trade ideasEducational ideasPine scriptsMore
HDFC LTD spot cmp 2490Harmonic study reveals that bearish harmonic pattern
matured and now for reversal confirmation counter need to break below 2469 and
give closing below that levels,, if reversal confirmation is confirmend ,
counter trend might start,, let see whats in store
Editors' picks


by RUDRA007
Nov 10
10161
#Niftybank cash : Support at 41400 Resistance 42000-42100#Banknifty spot
-Positional view 10.Nov 2022 Looks good support at 41400 Resistance at
42000-42100 (long Reversal close below 41500) Cmp 41593
Editors' picks


by anandnst
Nov 10
2101
HARIOMPIPESYMMETRICAL TRIANGLE PATTERN Buy @ cmp & in dips till 284 | DCBSL 267
| Tgt 320 / 349+ Reoccurrence of Pattern
Editors' picks

HLong
by Stocks_Mario
Nov 10
253
Nifty Prediction For coming days Lets see what are the possibilities for comning
days in nifty Bullish View as we can see Inverted H&S in weekly and daily TF, As
projected in the Chart above and below. Lets not forget that we have All time
high near by and anything might happen at this point, So we will consider
bullish only once the high is broken and retested and sustained. Simple price
action patterns trade will help you keep your mind clean regarding the trend,
And identify perfect S&R levels. Now lets see the Big WHAT IF !! Weekly The
Picture above Shows the Possibilities of RSI Divergence if at all matket reaches
the All time high, Thats when we might see a Double top with RSI divergence.
Take confluence from Volume and Oscilator divergence for bearish moves, Look for
Option chain Open Interest Levels see if major call are being written or puts
being bought, these will help you identify the trend reversal. MTF anaysis helps
you trade with trend. I made Weekly and daily .. now its your turn to make
intraday analysis. You can reach out to me here if you need any suggestion.
First train you eyes to identify the patterns then think about logic and its
technical aspect. No one swims without drowning first and no one wins without
loosing first.
Editors' picks


by TeamTaurus
Nov 8
8150
Symmetrical triangle pattern reversal in AUBANK.AUBANK Key highlights: 💡⚡ 📊On
1W Time Frame Stock Showing Reversal of Symmetrical triangle Pattern . 📊 It can
give movement upto the Reversal target of Above 660+. 📊There have chances of
Breakout of Resistance level too. 📊 After Breakout of Resistance level this
stock can gives strong upside rally upto above 880+. 📊 Can Go Short in this
stock by placing stop loss below 560 or last swing Low.
Editors' picks

Long
by TradZoo
Nov 9
381
INDIAN HOTEL : BREAKOUT AWAITED - TRADE WITH RISK REWARD OF 1:5 Price has shot
up in a narrow channel and facing resistance at key levels. Price has tested
this resitance thrice and looks like now is in a position to break this
resistance to give a upmove of 15 %. Risk Reward & Stop loss mentioned in the
chart.
Editors' picks



03:09
by priceNpedia
Nov 7
28348
Top and Bottoms: Price and Volume IndicationsHi, I personally look for following
scenarios while identifying potential tops and bottoms and it works most of the
times. For tops: High volume bars with very little progress on the upside
Exceptionally wide bars with very high volume For bottoms: High volume bars with
little progress on the downside Exceptionally wide bars with very high volume
This might sound confusing at first instance but it’s a very simple concept. Let
us understand with the help of an example. Adani transmission had a very sharp
rally of 125% for approx. four months. But let’s see how this rally ended.
Notice very high volume indicating too much effort but the day had very little
progress on the upside. Have you ever thought why this is so? Obviously due to
sellers. Someone is stepping on it selling huge in a euphoric rally. This
weakened the stocks. Immediately after few days of this candle the stock made
new high accompanied by a Doji. This is the first day in the entire 4month rally
that it had a very high volume on a red day. Remember, we already had a weakness
discussed above and this one was just a timely addition to this. The stock lost
buying interest after these two events. What may happen if buyers are not
interested in a stock? Selling, right? Unfortunately, the reaction was very
sharp and halted near a prior resistance level 3000, which is also a 50%
retracement of the 4month rally. Notice very high volume which I have labelled
as stopping volume. Wide candles and huge volume again stopped the bearish
rally. I won’t buy high volume down bars unless they are tested which it did
with a lesser supply. It means that most sellers are out of this stock and not
much selling left (at least for now). The stock has since been trading in a
range of 300-400 points. This strength (retests and hold) discussed above may
hold the stock above 3000 for a push on the upside. Do not consider this as a
tip. This is just a concept that I wanted to share. Please apply your due
diligence before hitting the buy button 😉 Thanks for reading Now you know what
do..hit 🚀🚀🚀 and enjoy trading.
Editors' picks


by Bravetotrade
Nov 6
17371
ASTERDM#Watchlist #ASTERDM:-CMP 265 Looks Good Above 270 for Target 290/320++,
238 below closed (View Invalid) :) #Disclaimer:-View shared is for educational
purposes only.
Editors' picks

Long
by Charts_insiders
Nov 3
8276
SIYSIL- Double Bottom PatternNSE:SIYSIL 478.05 1. Strong Support zone formation
between 405 to 430 2. Reversal from support with strong volume and price 3. You
can consider the current pattern as a double bottom 4. Resistances near 560-600
5. Support near 440-450 #TechnicalAnalysiswithMrChartist
Editors' picks

Long
by Mr_Chartist_
Nov 2
270
TFCILTD near breakout?????????NSE:TFCILTD BSE:TFCILTD Time Frame – Weekly Note –
Sharing chart before weekly closed. So, wait for weekly closing. Observations :-
* Trendline breakout and weekly 200 SMA breakout done with huge volume candle *
Price trading inside the high-volume mother candle (Range 76.70 – 60.05) *
Trading in symmetrical Triangle pattern breakout above 77 * Price may show some
quick upside to break the multiple resistance Resistance – 77 / 83.85 / 100 /
115 / 134.35 / 154.40 / 182.25 Support – Weekly 200 SMA & 60 (mother candle low)
& 67-60 zone DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI
registered analyst. All posts are for educational purpose only. I am not
responsible for your any loss or profit. Consult your adviser before taking any
trade. I help people to learn technical analysis & charts reading.
Editors' picks

TLong
by Chart_World
Oct 27
11285


See all editors' picks ideas 






SNAPS

11 Nov


LEST WE FORGET

It’s Veteran’s Day today folks, a day when America’s military history is
celebrated and the lives of many lost in battle are honored. We will always
remember their sacrifice. The stock market is in a battle of its own –
everyone’s portfolio has been fighting long and hard against macro pressures,
and so far most are losing the fight. Thursday, however, brought the sweet taste
of relief that comes from a day in the green. Let's explore.

Show more
Explore all daysExplore all days
SPX・Nov 11
We’ll take what we can get

The market’s been drowning in dire earnings reports and midterms-induced anxiety
so investors grab onto bullish CPI news like it's the last life raft on the
Titanic.

19
USDTUSD・Nov 11
Hold it right there

Tether is laying down the law by freezing funds associated with troubled FTX as
its stablecoin suffers its worst de-peg since the Terra collapse.

30
HSI・Nov 11
Finally

China has been stricter on covid than a helicopter mom is about curfew, so when
the region finally eases some restrictions investors send stocks rallying in the
hope of a recovery.

8
FTTUSD・Nov 11
Alameda out to pasture

FTX’s woes continue with the “winding down” of its partner firm, though some say
that over the hill there can be heard the gallop of a white knight and his steed
on the way to save the day.

16
NIO・Nov 11
A sigh of relief

EV makers around the world have posted a mixed bag of earnings and Nio’s
production push helps add its report to the success column.

3

See all snaps 






NEWS FLOW

Benzinga
Tesla Supplier CATL Eyes Building 'Green' Battery Industry In Indonesia Amid
China's Zero-COVID Rules
 * 
 * 
 * J
 * 

Reuters
Mergers and acquisitions
Benzinga
Skyworks, Media Tek Bond Over 5G Automotive Solutions
Benzinga
Why MorphoSys Shares Are Trading Lower By Around 32%; Here Are 30 Stocks Moving
Premarket
Benzinga
Crypto's 'Lehman Moment,' Apple's Metaverse Variant, Disney Said To Join Layoff
Bandwagon And More: 5 Key Stories You May Have Missed From This Weekend
Benzinga
Intellia's Hereditary Angioedema Candidate Shows Reduction In Associated
Biomarkers, Attack Rates
Benzinga
Lennar To Rally Around 14%? Plus Keybanc Predicts $5,120 For This Stock
Moneycontrol
Tarapur Transformers net loss narrows to Rs 1.19 lakh in Q2
InvestorPlace
Tread Carefully With Alibaba Stock Ahead of Earnings
 * 

Benzinga
Elon Musk Needed To Sell Tesla Shares To 'Save Twitter,' Analyst Concurs After
Doing The Math
Benzinga
Investor Sentiment Increases After S&P 500 Records Best Week Since June
 * 

Benzinga
$3B Bitcoin Withdrawn From Crypto Exchanges In A Week As Investors Flock To Safe
Custody After FTX Collapse
InvestorPlace
RUM Stock Has Promise if You Can Stomach the Risk
Benzinga
Sohu.com Registers 14% Revenue Decline In Q3 As Pandemic And Macro Uncertainties
Weighed On Its Businesses
Finbold
Revealed: China is a silent crypto whale and could drag the market down in
seconds
 * 
 * 
 * 
 * C

Reuters
Indian shares close down as investors eye inflation data
Moneycontrol
Moneycontrol Pro Panorama | Crypto crash signals need for more regulation
Benzinga
Ascendis Pharma's Program Hits Primary Goal In Children With Short-Limbed
Dwarfism
Moneycontrol
Taking Stock | Sensex, Nifty fall amid volatility; IT, metals gain, FMCG drag
Benzinga
Unity Software, Amazon, Doximity And Other Big Gainers From Friday
Finbold
Elon Musk is confident Bitcoin ‘will make it’, but warns it ‘might be a long
winter’
Reuters
JM Financial Products to issue 1-week CP - traders
 * 
 * 
 * 
 * 

Reuters
India stocks, rupee, swaps, call at close
Moneycontrol
Paytm lock-in expiry: Gains for Antfin, Alibaba and Elevation Capital, loss for
Buffett
 * 

Reuters
Redington (India) to issue 1-month CP - traders
Keep readingKeep reading


SPARKS

Curated watchlists to kickstart your market research.

FAANG stocks: The big 'uns
+2.47% Today
−36.48% 1-Year

5G stocks: Super-mega fast downloads
+2.09% Today
−19.05% 1-Year

Bank stocks: Banking on Wall Street
+0.92% Today
−13.19% 1-Year

Death industry stocks: Businesses to die for
10 No. of Symbols

Social media stocks: Share the wealth
6 No. of Symbols

Political stocks: The corridors of power
15 No. of Symbols

NFT exposure stocks: Fungible gains
12 No. of Symbols

Elon Musk stocks: Musk-Haves
8 No. of Symbols

Trucking stocks: Keep on truckin'
+0.06% Today
−15.33% 1-Year

Real estate stocks: The biggest REITs on the market
+0.03% Today
−21.55% 1-Year

MLB stocks: Moneyball
10 No. of Symbols

Software stocks: US companies at our finger tips
55 No. of Symbols

See all sparks 






COMMUNITY TRENDS

StocksCryptoForexFuturesMore

AXIS BANKRMarket ClosedAXISBANK
851.00INR
+0.04%
INFO EDGERMarket ClosedNAUKRI
4360.85INR
+6.36%
WIPRO LTDRMarket ClosedWIPRO
396.55INR
−0.79%
ADANI ENTERPRISESRMarket ClosedADANIENT
4022.55INR
+0.34%
BHARTI RS. 1.25 PPD UPRMarket ClosedAIRTELPP.E1
444.35INR
+0.75%
ASIAN PAINTS LTDRMarket ClosedASIANPAINT
3053.20INR
−0.07%
BBBAJAJ FINSERV LTDRMarket ClosedBAJAJFINSV
1718.35INR
−0.05%
BAJAJ FINANCE LTDRMarket ClosedBAJFINANCE
7025.80INR
−0.36%
HINDUSTAN UNILEVERRMarket ClosedHINDUNILVR
2457.80INR
−1.81%
TVS MOTOR CORMarket ClosedTVSMOTOR
1100.75INR
−0.60%





INDIAN STOCKS


HIGHEST VOLUME

YES BANKRMarket ClosedYESBANK
17.10INR
+1.48%
ZOMATO LTDRMarket ClosedZOMATO
69.60INR
−4.40%
VODAFONE IDEA LTDRMarket ClosedIDEA
8.50INR
0.00%
BHARAT HEAVY ELECTRMarket ClosedBHEL
71.40INR
−4.16%
RAIL VIKAS NIGAMRMarket ClosedRVNL
54.55INR
+6.65%
TTTATA STEEL LTDRMarket ClosedTATASTEEL
108.70INR
+1.07%


UNUSUAL VOLUME

SSSPS FINQUEST LTDDMarket ClosedSPS
80.75INR
−5.00%
FFFERVENT SYNERGIES LTD.DMarket ClosedFERVENTSYN
13.81INR
−1.07%
DDDELTA INDUSTRIAL RESOURCES LIMDMarket ClosedDELTA
13.32INR
+4.96%
AAA.K. SPINTEX LTD.DMarket ClosedAKSPINTEX
63.55INR
+4.70%
SSSANCO TRANS LTD.DMarket ClosedSANCTRN
750.00INR
0.00%
IIINLAND PRINTERS LTD.DMarket ClosedINLANPR
16.10INR
−4.73%


GAINERS

KKKILPEST INDIA LTD.DMarket ClosedKILPEST
394.25INR
+20.00%
TTTIRUPATI SARJAN LTD.DMarket ClosedTIRSARJ
11.04INR
+20.26%
FFFLUIDOMAT LTD.DMarket ClosedFLUIDOM
192.05INR
+19.99%
MMMERCURY LABORATORIES LIMITEDDMarket ClosedMERCURYLAB
698.40INR
+20.00%
SSSRI KPR INDUSTRIES LTD.DMarket ClosedSRIKPRIND
21.90INR
+20.00%
SSSIMPLEX CASTINGS LTD.DMarket ClosedSIMPLEXCAS
42.30INR
+20.00%


LOSERS

VVV R FILMS & STUDIOS LIMITEDDMarket ClosedVRFILMS
285.95INR
−19.99%
FFFROG CELLSAT PVT LRMarket ClosedFROG
221.30INR
−17.98%
CHEMCON SPECIAL CHEM LTDRMarket ClosedCHEMCON
313.35INR
−17.93%
DDDHP INDIA LTD.DMarket ClosedDHPIND
1206.15INR
−17.03%
LLLINK PHARMA CHEM LTD.DMarket ClosedLINKPH
40.75INR
−17.84%
SHAKTI PUMPS INDIARMarket ClosedSHAKTIPUMP
401.15INR
−14.86%


CRYPTO


MARKET CAP RANKING

SymbolMarket capPrice & chg 1D
321.373BUSDBitcoinRMarket OpenBTCUSD
16731.00USD
+2.58%
153.168BUSDEthereumRMarket OpenETHUSD
1251.50USD
+2.58%
66.248BUSDTetherRMarket OpenUSDTUSD
0.99941000USD
+0.02%
45.497BUSDBinance CoinRMarket OpenBNBUSD
284.2USD
+2.93%
44.055BUSDUSD CoinRMarket OpenUSDCUSD
0.9999USD
−0.01%
17.555BUSDXRPRMarket OpenXRPUSD
0.34960USD
+2.68%


DEFI BY MARKET CAP

SymbolMarket capPrice & chg 1D
5.933BUSDDaiRMarket OpenDAIUSD
1.00130000USD
−0.57%
4.542BUSDUniswapRMarket OpenUNIUSD
5.9595863USD
+2.87%
4.002BUSDAvalancheRMarket OpenAVAXUSD
13.3233783USD
+2.43%
3.964BUSDWrapped BitcoinRMarket OpenWBTCUSD
16655.4914USD
+2.15%
3.079BUSDChainLinkRMarket OpenLINKUSD
6.2641313USD
+3.25%
923.485MUSDTezosRMarket OpenXTZUSD
1.0081USD
0.00%


COMMUNITY


TRADE IDEAS

PopularStocksCryptoForexIndicesFuturesMore
looking very good for long positionafter trend breakout about to retest the zone
no back hurdles seen the the long postion can take 990+ first target in intraday
its only my view not a suggestion to take position , do it on your own risk
Long
by Abhi_0007
Nov 13
712
Infosys Analysis Based on angle trend infy will move 1900+ once breakout 1950 it
will be move till 2300 - time period approx. 180days +++ good stock - buy on DIP
Note: risk rewards and everything left to investor, whether, why & when to
invest; I am sharing on my self interest for educational purpose -
Long
by sachinpukale2000
23 hours ago
28
14th Nov Intraday Levels #N50Long above 18325, for Targets 18340, 18365, 18425.
Short below 18300, for Targets 18280, 18258, 18195. Sideways Zone from 18300 to
18325. Targets can act as support or resistance, trade what you see... trail
profits at every target or sl at cost.

by KuberPriya
Nov 13
119
Bank Nifty - Analysis for Nov 14Choppy move is expected, unless bears or bulls
gain strength during market hours. Possible scenarios are discussed in this
video. Note : Develop flexibility and adapt market movement to be a profitable
trader. I post analysis daily on indexes.
02:52
by vanathi
9 hours ago
109
Manapurram forming W patternManapuram finance looks bullish with forming W
pattern and crossing major resistance areas. Can look for almost 5% jump in week
starting 14th November.

by varshneydhruv
19 hours ago
33
long mahindra life spacelong above 409 sl 390 idea is for 3 months targets 429
459 469
Long
by biren1
20 hours ago
5
PAYTM -- MAKE OR BREAK ---Flag pattern PAYTM --DAILY CHART ---MAKE OR BREAK
--FLAG PATTERN. 1. PAYTM seen triple bottom formation on Daily chart shown as
circle 1,2,3 AT Strong support line around 625-630 level 2. Flag pattern seen on
chart 3. previously trendline breakdown seen at 760-770 level and stock fall
towards 625-630 , consecutive support form at 3 times at this level 4. Stock on
daily chart trading at lower channel make or break level , if support hold at
625-630 on next daily candle stock can go upside to 680 level short term bullish
where lower channel resistance seen 5. if stock fall bellow 620 daily on candle
then will fall to 580 level lower channel support short term . ***THIS IDEA IS
FOR EDUCATIONAL PURPOSE ... TRADE AT OWN RISK ! HAPPY TRADING. !

by champtrade111
21 hours ago
23
IRCON TREND SECTOR ROTATION STOCKIRCON is most debt free railways company.
monthly RSI above 55. Future multibagger stock . its just educational perpose
only. not bye or sell recomendation
Long
by shreeumiyalab
17 hours ago
24
Pidilite Low Risk Setup!!! Intraday and PositionalBullish Divergence RSI
Trendline Breakout Elliot Wave
Long
by C2Abhi
21 hours ago
32
XAUUSD Long setup 1 Hr TFOANDA:XAUUSD Xauusd long setup 1 hr tf Lower time
trendline liq Equal low liquidity FVG liquidity High probability setup must use
stop loss
Long
by VJ_01
8 hours ago
23

See all popular ideas 






PINE SCRIPTS

PopularRecentMore
Smart Money Concepts [LUX]This all-in-one indicator displays real-time market
structure (internal & swing BOS / CHoCH), order blocks, premium & discount
zones, equal highs & lows, and much more...allowing traders to automatically
mark up their charts with widely used price action methodologies. Following the
release of our Fair Value Gap script, we received numerous requests from our
community to release more features in the same category. "Smart Money Concepts"
(SMC) is a fairly new yet widely used term amongst price action traders looking
to more accurately navigate liquidity & find more optimal points of interest in
the market. Trying to determine where institutional market participants have
orders placed (buy or sell side liquidity) can be a very reasonable approach to
finding more practical entries & exits based on price action. The indicator
includes alerts for the presence of swing structures and many other relevant
conditions. Features This indicator includes many features relevant to SMC,
these are highlighted below: Full internal & swing market structure labeling in
real-time Break of Structure (BOS) Change of Character (CHoCH) Order Blocks
(bullish & bearish) Equal Highs & Lows Fair Value Gap Detection Previous Highs &
Lows Premium & Discount Zones as a range Options to style the indicator to more
easily display these concepts Settings Mode: Allows the user to select
Historical (default) or Present, which displays only recent data on the chart.
Style: Allows the user to select different styling for the entire indicator
between Colored (default) and Monochrome. Color Candles: Plots candles based on
the internal & swing structures from within the indicator on the chart. Internal
Structure: Displays the internal structure labels & dashed lines to represent
them. (BOS & CHoCH). Confluence Filter: Filter non-significant internal
structure breakouts. Swing Structure: Displays the swing structure labels &
solid lines on the chart (larger BOS & CHoCH labels). Swing Points: Displays
swing points labels on chart such as HH, HL, LH, LL. Internal Order Blocks:
Enables Internal Order Blocks & allows the user to select how many most recent
Internal Order Blocks appear on the chart. Swing Order Blocks: Enables Swing
Order Blocks & allows the user to select how many most recent Swing Order Blocks
appear on the chart. Equal Highs & Lows: Displays EQH/EQL labels on chart for
detecting equal highs & lows. Bars Confirmation: Allows the user to select how
many bars are needed to confirm an EQH/EQL symbol on chart. Fair Value Gaps:
Displays boxes to highlight imbalance areas on the chart. Auto Threshold: Filter
out non-significant fair value gaps. Timeframe: Allows the user to select the
timeframe for the Fair Value Gap detection. Extend FVG: Allows the user to
choose how many bars to extend the Fair Value Gap boxes on the chart. Highs &
Lows MTF: Allows the user to display previous highs & lows from daily, weekly, &
monthly timeframes as significant levels. Premium/Discount Zones: Allows the
user to display Premium, Discount, and Equilibrium zones on the chart Usage
Users can see automatic CHoCH and BOS labels to highlight breakouts of market
structure, which allows to determine the market trend. In the chart below we can
see the internal structure which displays more frequent labels within larger
structures. We can also see equal highs & lows (EQH/EQL) labels plotted
alongside the internal structure to frequently give indications of potential
reversals. In the chart below we can see the swing market structure labels.
These are also labeled as BOS and CHoCH but with a solid line & larger text to
show larger market structure breakouts & trend reversals. Users can be mindful
of these larger structure labels while trading internal structures as displayed
in the previous chart. Order blocks highlight areas where institutional market
participants open positions, one can use order blocks to determine confirmation
entries or potential targets as we can expect there is a large amount of
liquidity at these order blocks. In the chart below we can see 2 potential trade
setups with confirmation entries. The path outlined in red would be a potential
short entry targeting the blue order block below, and the path outlined in green
would be a potential long entry, targeting the red order blocks above. As we can
see in the chart below, the bullish confirmation entry played out in this
scenario with the green path outlined in hindsight. As price breaks though the
order blocks above, the indicator will consider them mitigated causing them to
disappear, and as per the logic of these order blocks they will always display 5
(by default) on the chart so we can now see more actionable levels. The Smart
Money Concepts indicator has many other features and here we can see how they
can also help a user find potential levels for price action trading. In the
screenshot below we can see a trade setup using the Previous Monthly High,
Strong High, and a Swing Order Block as a stop loss. Accompanied by the Premium
from the Discount/Premium zones feature being used as a potential entry. A
potential take profit level for this trade setup that a user could easily
identify would be the 50% mark labeled with the Fair Value Gap & the Equilibrium
all displayed automatically by the indicator. Conclusion This indicator
highlights all relevant components of Smart Money Concepts which can be a very
useful interpretation of market structure, liquidity, & more simply put, price
action. The term was coined & popularized primarily within the forex community &
by ICT while making its way to become a part of many traders' analysis. These
concepts, with or without this indicator do not guarantee a trader to be trading
within the presence of institutional or "bank-level" liquidity, there is no
supporting data regarding the validity of these teachings.
Pine Script™ indicator

by LuxAlgo
Oct 11
2067.3K
Extreme Trend Reversal Points [HeWhoMustNotBeNamed]Using moving average
crossover for identifying the change in trend is very common. However, this
method can give lots of false signals during the ranging markets. In this
algorithm, we try to find the extreme trend by looking at fully aligned
multi-level moving averages and only look at moving average crossover when
market is in the extreme trend - either bullish or bearish. These points can
mean long term downtrend or can also cause a small pullback before trend
continuation. In this discussion, we will also check how to handle different
scenarios. 🎲 Components 🎯 Recursive Multi Level Moving Averages Multi level
moving average here refers to applying moving average on top of base moving
average on multiple levels. For example, Level 1 SMA = SMA(source, length) Level
2 SMA = SMA(Level 1 SMA, length) Level 3 SMA = SMA(Level 2 SMA, length) .. .. ..
Level n SMA = SMA(Level (n-1) SMA, length) In this script, user can select how
many levels of moving averages need to be calculated. This is achieved through "
recursive moving average " algorithm. Requirement for building such algorithm
was initially raised by @loxx While I was able to develop them in minimal code
with the help of some of the existing libraries built on arrays and matrix , I
also thought why not extend this to find something interesting. Note that since
we are using variable levels - we will not be able to plot all the levels of
moving average. (This is because plotting cannot be done in the loop). Hence, we
are using lines to display the latest moving average levels in front of the last
candle. Lines are color coded in such a way that least numbered levels are
greener and higher levels are redder. 🎯 Finding the trend and range Strength of
fully aligned moving average is calculated based on position of each level with
respect to other levels. For example, in a complete uptrend, we can find source
> L(1)MA > L(2)MA > L(3)MA ...... > L(n-1)MA > L(n)MA Similarly in a complete
downtrend, we can find source < L(1)MA < L(2)MA < L(3)MA ...... < L(n-1)MA <
L(n)MA Hence, the strength of trend here is calculated based on relative
positions of each levels. Due to this, value of strength can range from 0 to
Level*(Level-1)/2 0 represents the complete downtrend Level*(Level-1)/2
represents the complete uptrend. Range and Extreme Range are calculated based on
the percentile from median. The brackets are defined as per input parameters -
Range Percentile and Extreme Range Percentile by using Percentile History as
reference length. Moving average plot is color coded to display the trend
strength. Green - Extreme Bullish Lime - Bullish Silver - range Orange - Bearish
Red - Extreme Bearish 🎯 Finding the trend reversal Possible trend reversals are
when price crosses the moving average while in complete trend with all the
moving averages fully aligned. Triangle marks are placed in such locations which
can help observe the probable trend reversal points. But, there are
possibilities of trend overriding these levels. An example of such thing, we can
see here: In order to overcome this problem, we can employ few techniques. 1.
After the signal, wait for trend reversal (moving average plot color to turn
silver) before placing your order. 2. Place stop orders on immediate pivot
levels or support resistance points instead of opening market order. This way,
we can also place an order in the direction of trend. Whichever side the price
breaks out, will be the direction to trade. 3. Look for other confirmations such
as extremely bullish and bearish candles before placing the orders. 🎯 An
example of using stop orders Let us take this scenario where there is a signal
on possible reversal from complete uptrend. Create a box joining high and low
pivots at reasonable distance. You can also chose to add 1 ATR additional
distance from pivots. Use the top of the box as stop-entry for long and bottom
as stop-entry for short. The other ends of the box can become stop-losses for
each side. After few bars, we can see that few more signals are plotted but, the
price is still within the box. There are some candles which touched the top of
the box. But, the candlestick patterns did not represent bullishness on those
instances. If you have placed stop orders, these orders would have already
filled in. In that case, just wait for position to hit either stop or target.
For bullish side, targets can be placed at certain risk reward levels. In this
case, we just use 1:1 for bullish (trend side) and 1:1.5 for bearish side
(reversal side) In this case, price hit the target without any issue: Wait for
next reversal signal to appear before placing another order :)
Editors' picks
Pine Script™ indicator

by HeWhoMustNotBeNamed
Oct 16
321.9K
Oscillator Workbench — Chart [LucF]█  OVERVIEW This indicator uses an on-chart
visual framework to help traders with the interpretation of any oscillator's
behavior. The advantage of using this tool is that you do not need to know all
the ins and outs of a particular oscillator such as RSI, CCI, Stochastic, etc.
Your choice of oscillator and settings in this indicator will change its
visuals, which allows you to evaluate different configurations in the context of
how the workbench models oscillator behavior. My hope is that by using the
workbench, you may come up with an oscillator selection and settings that
produce visual cues you find useful in your trading. The workbench works on any
symbol and timeframe. It uses the same presentation engine as my Delta Volume
Channels indicator; those already familiar with it will feel right at home here.
█  CONCEPTS Oscillators An oscillator is any signal that moves up and down a
centerline. The centerline value is often zero or 50. Because the range of
oscillator values is different than that of the symbol prices we look at on our
charts, it is usually impossible to display an oscillator on the chart, so we
typically put oscillators in a separate pane where they live in their own space.
Each oscillator has its own profile and properties that dictate its behavior and
interpretation. Oscillators can be bounded , meaning their values oscillate
between fixed values such as 0 to 100 or +1 to -1, or unbounded when their
maximum and minimum values are undefined. Oscillator weight How do you display
an oscillator's value on a chart showing prices when both values are not on the
same scale? The method I use here converts the oscillator's value into a
percentage that is used to weigh a reference line. The weight of the oscillator
is calculated by maintaining its highest and lowest value above and below its
centerline since the beginning of the chart's history. The oscillator's relative
position in either of those spaces is then converted to a percentage, yielding a
positive or negative value depending on whether the oscillator is above or below
its centerline. This method works equally well with bounded and unbounded
oscillators. Oscillator Channel The oscillator channel is the space between two
moving averages: the reference line and a weighted version of that line. The
reference line is a moving average of a type, source and length which you
select. The weighted line uses the same settings, but it averages the
oscillator-weighted price source. The weight applied to the source of the
reference line can also include the relative size of the bar's volume in
relation to previous bars. The effect of this is that the oscillator's weight on
bars with higher total volume will carry greater weight than those with lesser
volume. The oscillator channel can be in one of four states, each having its
corresponding color:  • Bull (teal): The weighted line is above the reference
line.  • Strong bull (lime): The bull condition is fulfilled and the bar's close
is above the reference line and both the reference and the weighted lines are
rising.  • Bear (maroon): The weighted line is below the reference line.  •
Strong bear (pink): The bear condition is fulfilled and the bar's close is below
the reference line and both the reference and the weighted lines are falling.
Divergences In the context of this indicator, a divergence is any bar where the
slope of the reference line does not match that of the weighted line. No
directional bias is assigned to divergences when they occur. You can also choose
to define divergences as differences in polarity between the oscillator's slope
and the polarity of close-to-close values. This indicator's divergences are
designed to identify transition levels. They have no polarity; their bullish/
bearish bias is determined by the behavior of price relative to the divergence
channel after the divergence channel is built. Divergence Channel The divergence
channel is the space between two levels (by default, the bar's low and high )
saved when divergences occur. When price has breached a channel and a new
divergence occurs, a new channel is created. Until that new channel is breached,
bars where additional divergences occur will expand the channel's levels if the
bar's price points are outside the channel. Price breaches of the divergence
channel will change its state. Divergence channels can be in one of five
different states:  • Bull (teal): Price has breached the channel to the upside.
 • Strong bull (lime): The bull condition is fulfilled and the oscillator
channel is in the strong bull state.  • Bear (maroon): Price has breached the
channel to the downside.  • Strong bear (pink): The bear condition is fulfilled
and the oscillator channel is in the strong bear state.  • Neutral (gray): The
channel has not been breached. █  HOW TO USE THE INDICATOR Load the indicator on
an active chart (see here if you don't know how). The default configuration
displays:  • The Divergence channel's levels.  • Bar colors using the state of
the oscillator channel. The default settings use:  • RSI as the oscillator,
using the close source and a length of 20 bars.  • An Arnaud-Legoux moving
average on the close and a length of 20 bars as the reference line.  • The
weighted version of the reference line uses only the oscillator's weight, i.e.,
without the relative volume's weight.   The weighted line is capped to three
standard deviations of the reference.  • The divergence channel's levels are
determined using the high and low of the bars where divergences occur.
  Breaches of the channel require a bar's low to move above the top of the
channel, and the bar's high to move below the channel's bottom. No markers
appear on the chart; if you want to create alerts from this script, you will
need first to define the conditions that will trigger the markers, then create
the alert, which will trigger on those same conditions. To learn more about how
to use this indicator, you must understand the concepts it uses and the
information it displays, which requires reading this description. There are no
videos to explain it. █  FEATURES The script's inputs are divided in five
sections: "Oscillator", "Oscillator channel", "Divergence channel", "Bar
Coloring" and "Marker/Alert Conditions". Oscillator This is where you configure
the oscillator you want to study. Thirty oscillators are available to choose
from, but you can also use an oscillator from another indicator that is on your
chart, if you want. When you select an external indicator's plot as the
oscillator, you must also specify the value of its centerline. Oscillator
Channel Here, you control the visibility and colors of the reference line, its
weighted version, and the oscillator channel between them. You also specify what
type of moving average you want to use as a reference line, its source and its
length. This acts as the oscillator channel's baseline. The weighted line is
also a moving average of the same type and length as the reference line, except
that it will be calculated from the weighted version of the source used in the
reference line. By default, the weighted line is capped to three standard
deviations of the reference line. You can change that value, and also elect to
cap using a multiple of ATR instead. The cap provides a mechanism to control how
far the weighted line swings from the reference line. This section is also where
you can enable the relative volume component of the weight. Divergence Channel
This is where you control the appearance of the divergence channel and the key
price values used in determining the channel's levels and breaching conditions.
These choices have an impact on the behavior of the channel. More generous level
prices like the default low and high selection will produce more conservative
channels, as will the default choice for breach prices. In this section, you can
also enable a mode where an attempt is made to estimate the channel's bias
before price breaches the channel. When it is enabled, successive
increases/decreases of the channel's top and bottom levels are counted as new
divergences occur. When one count is greater than the other, a bull/bear bias is
inferred from it. You can also change the detection mode of divergences, and
choose to display a mark above or below bars where divergences occur. Bar
Coloring You specify here:  • The method used to color chart bars, if you choose
to do so.  • If you want to hollow out the bodies of bars where volume has not
increased since the last bar. Marker/Alert Conditions Here, you specify the
conditions that will trigger up or down markers. The trigger conditions can
include a combination of state transitions of the oscillator and the divergence
channels. The triggering conditions can be filtered using a variety of
conditions. Configuring the marker conditions is necessary before creating an
alert from this script, as the alert will use the marker conditions to trigger.
Realtime values will repaint, as is usually the case with oscillators, but
markers only appear on bar closes, so they will not repaint. Keep in mind, when
looking at markers on historical bars, that they are positioned on the bar when
it closes — NOT when it opens. Raw values The raw values calculated by this
script can be inspected using the Data Window, including the oscillator's value
and the weights. █  INTERPRETATION Except when mentioned otherwise, this
section's charts use the indicator's default settings, with different visual
components turned on or off. The aim of the oscillator channel is to provide a
visual representation of an oscillator's general behavior. The simplest
characteristic of the channel is its bull/bear state, determined by whether the
weighted line is above or below the reference line. One can then distinguish
between its bull and strong bull states, as transitions from strong bull to bull
states will generally happen when trends are losing steam. While one should not
infer a reversal from such transitions, they can be a good place to tighten
stops. Only time will tell if a reversal will occur. One or more divergences
will often occur before reversals. This shows the oscillator channel, with the
reference line and the thicker, weighted line: The nature of the divergence
channel 's design makes it particularly adept at identifying consolidation areas
if its settings are kept on the conservative side. The divergence channel will
also reveal transition areas. A gray divergence channel should usually be
considered a no-trade zone. More adventurous traders can use the oscillator
channel to orient their trade entries if they accept the risk of trading in a
neutral divergence channel, which by definition will not have been breached by
price. This show only the divergence channels: This chart shows divergence
channels and their levels, and colors bars on divergences and on the state of
the oscillator channel, which is not visible on the chart: If your charts are
already busy with other stuff you want to hold on to, you could consider using
only the chart bar coloring component of this indicator. Here we only color bars
using the combined state of the oscillator and divergence channel, and we do not
color the bodies of bars where volume has not increased. Note that my chart's
settings do not color the candle bodies: At its simplest, one way to use this
indicator would be to look for overlaps of the strong bull/bear colors in both
the oscillator channel and a divergence channel, as these identify points where
price is breaching the divergence channel when the oscillator's state is
consistent with the direction of the breach. Tip One way to use the Workbench is
to combine it with my Delta Volume Channels indicator. If both indicators use
the same MA as a reference line, you can display its delta volume channel
instead of the oscillator channel. This chart shows such a setup. The Workbench
displays its divergence levels, the weighted reference line using the default
RSI oscillator, and colors bars on divergences. The DV Channels indicator only
displays its delta volume channel, which uses the same MA as the workbench for
its baseline. This way you can ascertain the volume delta situation in contrast
with the visuals of the Workbench: █  LIMITATIONS  • For some of the
oscillators, assumptions are made concerning their different parameters when
they are more complex than just a source and length.   See the `oscCalc()`
function in this indicator's code for all the details, and ask me in a comment
if you can't find the information you need.  • When an oscillator using volume
is selected and no volume information is available for the chart's symbol, an
error will occur. █  NOTES Working with this workbench This indicator is called
a workbench for a reason; it is designed for traders interested in exploring its
behavior with different oscillators and settings, in the hope they can come up
with a setup that suits their trading methodology. I cannot tell you which setup
is the best because its setup should be compatible with your trading
methodology, which may require faster or slower transitions, thus different
configurations of the settings affecting the calculations of the divergence
channels. For Pine Script™ Coders  • This script uses the new overload of the
fill() function which now makes it possible to do vertical gradients in Pine. I
use it for both channels displayed by this script.  • I use the new arguments
for plot() 's `display` parameter to control where the script plots some of its
values,   namely those I only want to appear in the script's status line and in
the Data Window.  • I used my ta library for some of the oscillator calculations
and helper functions.  • I also used TradingView's ta library for other
oscillator calculations.  • I wrote my script using the revised recommendations
in the Style Guide from the Pine v5 User Manual.
Editors' picks
Pine Script™ indicator

by LucF
Oct 14
461.1K
Market sessions and Volume profile - By LeviathanThis script allows you to keep
track of Forex market sessions (Tokyo, London and New York), as well as Daily,
Weekly and Monthly sessions. All of them are accompanied by Volume Profile
options where you can view VP Histogram, Point of Control, Value Area High and
Value Area Low. Colors, lines and other design preferences are fully
customizable. * Volume Profile of shorter sessions (eg. Tokyo, London, New York)
works better when using lower timeframes such as 15min, 5min, etc. ** Use
timeframe higher than 15min when viewing Monthly sessions Indicator settings
overview: SESSION TYPE - Tokyo session (1:00 - 9:00 UTC/ GMT ) - London session
(7:00 - 16:00 UTC/ GMT ) - New York session (13:00 - 22:00 UTC/ GMT ) - Daily
session - Weekly session - Monthly session DISPLAY - Show Volume Profile (Show
or hide Volume Profile histogram) - Show POC (Show or hide Point Of Control
line) - Show VAL (Show or hide Value Area Low line) - Show VAH (Show or hide
Value Area High line) - Show Live Zone (Show or hide the ongoing session) VOLUME
PROFILE SETTINGS - Resolution (The higher the value, the more refined of a
profile, but less profiles are shown on the chart) - Smooth Volume Data (Useful
for assets that have very large spikes in volume over large bars, helps create
better profiles) APPEARANCE - Up Volume color (Pick a custom color for up/
bullish volume profile nodes) - Down Volume color (Pick a custom color for down/
bearish volume profile nodes) - POC color and thickness (Pick a custom color and
thickness for Point Of Control line) - VAH color and thickness (Pick a custom
color and thickness for Value Area High line) - VAL color and thickness (Pick a
custom color and thickness for Value Area Low line) - Session box thickness
(Pick a custom thickness for the session box. Color is provided automatically
with optimal contrast) ** Some VP elements are inspired by @LonesomeTheBlue's
volume profile script
Editors' picks
Pine Script™ indicator

by LeviathanCapital
Nov 2
251.5K
Intrabar Efficiency Ratio█   OVERVIEW This indicator displays a directional
variant of Perry Kaufman's Efficiency Ratio , designed to gauge the "efficiency"
of intrabar price movement by comparing the sum of movements of the lower
timeframe bars composing a chart bar with the respective bar's movement on an
average basis. █   CONCEPTS Efficiency Ratio (ER) Efficiency Ratio was first
introduced by Perry Kaufman in his 1995 book, titled "Smarter Trading". It is
the ratio of absolute price change to the sum of absolute changes on each bar
over a period. This tells us how strong the period's trend is relative to the
underlying noise. Simply put, it's a measure of price movement efficiency. This
ratio is the modulator utilized in Kaufman's Adaptive Moving Average (KAMA ),
which is essentially an Exponential Moving Average (EMA ) that adapts its
responsiveness to movement efficiency. ER's output is bounded between 0 and 1. A
value of 0 indicates that the starting price equals the ending price for the
period, which suggests that price movement was maximally inefficient. A value of
1 indicates that price had travelled no more than the distance between the
starting price and the ending price for the period, which suggests that price
movement was maximally efficient. A value between 0 and 1 indicates that price
had travelled a distance greater than the distance between the starting price
and the ending price for the period. In other words, some degree of noise was
present which resulted in reduced efficiency over the period. As an example,
let's say that the price of an asset had moved from $15 to $14 by the end of a
period, but the sum of absolute changes for each bar of data was $4. ER would be
calculated like so: ER = abs(14 - 15)/4 = 0.25 This suggests that the trend was
only 25% efficient over the period, as the total distanced travelled by price
was four times what was required to achieve the change over the period.
Intrabars Intrabars are chart bars at a lower timeframe than the chart's. Each
1H chart bar of a 24x7 market will, for example, usually contain 60 intrabars at
the LTF of 1min, provided there was market activity during each minute of the
hour. Mining information from intrabars can be useful in that it offers traders
visibility on the activity inside a chart bar. Lower timeframes (LTFs) A lower
timeframe is a timeframe that is smaller than the chart's timeframe. This script
determines which LTF to use by examining the chart's timeframe. The LTF
determines how many intrabars are examined for each chart bar; the lower the
timeframe, the more intrabars are analyzed, but fewer chart bars can display
indicator information because there is a limit to the total number of intrabars
that can be analyzed. Intrabar precision The precision of calculations increases
with the number of intrabars analyzed for each chart bar. As there is a 100K
limit to the number of intrabars that can be analyzed by a script, a trade-off
occurs between the number of intrabars analyzed per chart bar and the chart bars
for which calculations are possible. Intrabar Efficiency Ratio (IER) Intrabar
Efficiency Ratio applies the concept of ER on an intrabar level. Rather than
comparing the overall change to the sum of bar changes for the current chart's
timeframe over a period, IER compares single bar changes for the current chart's
timeframe to the sum of absolute intrabar changes, then applies smoothing to the
result. This gives an indication of how efficient changes are on the current
chart's timeframe for each bar of data relative to LTF bar changes on an average
basis. Unlike the standard ER calculation, we've opted to preserve directional
information by not taking the absolute value of overall change, thus allowing it
to be utilized as a momentum oscillator. However, by taking the absolute value
of this oscillator, it could potentially serve as a replacement for ER in the
design of adaptive moving averages. Since this indicator preserves directional
information, IER can be regarded as similar to the Chande Momentum Oscillator
(CMO ) , which was presented in 1994 by Tushar Chande in "The New Technical
Trader". Both CMO and ER essentially measure the same relationship between trend
and noise. CMO simply differs in scale, and considers the direction of overall
changes. █   FEATURES Display Three different display types are included within
the script:  • Line : Displays the middle length MA of the IER as a line .
  Color for this display can be customized via the "Line" portion of the
"Visuals" section in the script settings.  • Candles : Displays the non-smooth
IER and two moving averages of different lengths as candles .   The `open` and
`close` of the candle are the longest and shortest length MAs of the IER
respectively.   The `high` and `low` of the candle are the max and min of the
IER, longest length MA of the IER, and shortest length MA of the IER
respectively.   Colors for this display can be customized via the "Candles"
portion of the "Visuals" section in the script settings.  • Circles : Displays
three MAs of the IER as circles .   The color of each plot depends on the
percent rank of the respective MA over the previous 100 bars.   Different colors
are triggered when ranks are below 10%, between 10% and 50%, between 50% and
90%, and above 90%.   Colors for this display can be customized via the
"Circles" portion of the "Visuals" section in the script settings. With either
display type, an optional information box can be displayed. This box shows the
LTF that the script is using, the average number of lower timeframe bars per
chart bar, and the number of chart bars that contain LTF data. Specifying
intrabar precision Ten options are included in the script to control the number
of intrabars used per chart bar for calculations. The greater the number of
intrabars per chart bar, the fewer chart bars can be analyzed. The first five
options allow users to specify the approximate amount of chart bars to be
covered:  • Least Precise (Most chart bars) : Covers all chart bars by dividing
the current timeframe by four.   This ensures the highest level of intrabar
precision while achieving complete coverage for the dataset.  • Less Precise
(Some chart bars) & More Precise (Less chart bars) : These options calculate a
stepped LTF in relation to the current chart's timeframe.  • Very precise (2min
intrabars) : Uses the second highest quantity of intrabars possible with the
2min LTF.  • Most precise (1min intrabars) : Uses the maximum quantity of
intrabars possible with the 1min LTF. The stepped lower timeframe for "Less
Precise" and "More Precise" options is calculated from the current chart's
timeframe as follows: Chart Timeframe Lower Timeframe Less Precise More Precise
< 1hr 1min 1min < 1D 15min 1min < 1W 2hr 30min > 1W 1D 60min The last five
options allow users to specify an approximate fixed number of intrabars to
analyze per chart bar. The available choices are 12, 24, 50, 100, and 250. The
script will calculate the LTF which most closely approximates the specified
number of intrabars per chart bar. Keep in mind that due to factors such as the
length of a ticker's sessions and rounding of the LTF , it is not always
possible to produce the exact number specified. However, the script will do its
best to get as close to the value as possible. Specifying MA type Seven MA types
are included in the script for different averaging effects:  • Simple  •
Exponential  • Wilder (RMA)  • Weighted  • Volume-Weighted  • Arnaud Legoux with
`offset` and `sigma` set to 0.85 and 6 respectively.  • Hull Weighting This
script includes the option to weight IER values based on the percent rank of
absolute price changes on the current chart's timeframe over a specified period,
which can be enabled by checking the "Weigh using relative close changes" option
in the script settings. This places reduced emphasis on IER values from smaller
changes, which may help to reduce noise in the output. █   FOR Pine Script™
CODERS  • This script imports the recently published lower_ltf library for
calculating intrabar statistics and the optimal lower timeframe in relation to
the current chart's timeframe.  • This script uses the recently released
request.security_lower_tf() Pine Script™ function discussed in this blog post .
  It works differently from the usual request.security() in that it can only be
used on LTFs, and it returns an array containing one value per intrabar.   This
makes it much easier for programmers to access intrabar information.  • This
script implements a new recommended best practice for tables which works faster
and reduces memory consumption.   Using this new method, tables are declared
only once with var , as usual. Then, on the first bar only, we use table.cell()
to populate the table.   Finally, table.set_*() functions are used to update
attributes of table cells on the last bar of the dataset.   This greatly reduces
the resources required to render tables. Look first. Then leap.
Pine Script™ indicator

by TradingView
Nov 6
4208
Daily Profile (Nephew_Sam_)From getting several requests to combine many of my
indicators into one, this indicator plots everything you need for a Daily
Profile. 1. Session = Current session + Daily dividers + day of the week 2. Open
Lines = Plot the open of the day, midnight, week and month 3. Asian Range =
Plots the asian range with an option for midpoint and extending lines 4.
Previous OHLC = Plot the previous day/week/month OHLC EVERY
line/label/color/size/style is fully customizable in this indicator. Important
to adjust your timezone to get the correct data
Pine Script™ indicator

by nephew_sam_
Oct 18
251.1K
Interactive ATR Stop-Loss [TANHEF]This indicator is "Interactive" which means
some inputs can are manually added through the first click after adding the
indicator to the chart (ATR Trailing Stop-loss start point). See images below
for more explanation. Why use a trailing stop-loss? A trailing stop-loss
provides an exit when price moves against you but also enables you to move the
exit point further into profit when price is moving in the desired direction of
a trade. The ATR (Average True Range) which is used to measure volatility, is
very effective at functioning as a trailing stop loss. Indicator Explanation
Initially when this indicator is added to the chart, you will be prompted to
select where to begin the ATR Trailing Stop-loss. For a long stop-loss, select
below price. For a short stop-loss, select above price. After this indicator is
placed, it can be modified via dragging or from within the settings by modifying
the time and the price input. Or simply re-add the indicator to the chart. The
ATR Stop Loss plotted. Note that the trailing value that is considered as the
stop loss value is the value of the ATR from the prior candle. The settings for
the ATR calculation can be modified within the settings. An optional fixed
profit target can be added within the settings. This profit target will only
actively be plotted when the ATR Trailing Stop-loss has not be hit hit yet or
until the profit target has been hit. Here shows that the profit target was hit,
then later on the ATR Trailing Stop-loss was hit. Note, trailing stop-loss will
continue to be plotted until it has been hit regardless of the profit target
being hit or not. Alerts 1. 'Check' alerts to use within indicator settings
(trailing stop hit and/or profit target hit). 2. Select 'Create Alert' 3. Set
the condition to 'Interactive ATR'' 4. Select create.
Editors' picks
Pine Script™ indicator

by TanHef
Oct 26
8609
Volume Profile Volume Delta OI Delta [Kioseff Trading]Hello! This script serves
to distinguish volume delta for any asset and open interest delta for Binance
perpetual futures. The image above provides further explanation of functionality
and color correspondence. The image above shows the indicator calculating volume
at each tick level and displaying the metric. The label color outline (neon
effect) is configurable; the image above is absent the feature. The image above
shows Open Interest (OI) Delta calculated - similar to how the script calculates
volume delta - for a Binance Perpetual Future pair. This feature only works for
Binance Futures pairs; the script will not load when trying to calculate OI
Delta on other assets. Additionally, a heatmap is displayable should you
configure the indicator to calculate it. The image above shows a heatmap using
volume delta calculations. The image above shows a heatmap using OI delta
calculations. Of course, these calculations - when absent requisite data -
require some assumptions to better replicate calculations with access to
requisite data. The indicator assumes a 60/40 split when a tick level is traded
at and only one metric - "buy volume" or "sell volume" is recorded. This means
there shouldn't be any levels recorded where "buy volume" is greater than 0 and
"sell volume" equals 0 and vice versa. While this assumption was performed
arbitrarily, it may help better replicate volume delta and OI delta calculations
seen on other charting platforms. This option is configurable; you can select to
have the script not assume a 60/40 split and instead record volume "as is" at
the corresponding tick level. The script also divides volume and open interest
if a one-minute bar violates multiple tick levels. The volume or open interest
generated on the one-minute bar will be divided by the number of tick levels it
exceeds. The results are, subsequently, appended to the violated tick levels.
Further, the script can be set to recalculate after a user-defined time
threshold is exceeded. You can also define the percentage or tick distance
between levels. Also, it'd be great if this indicator can nicely replicate
volume delta indicators on other charting platforms. If you've any ideas on how
price action can be used to better assume volume at the corresponding price area
please let me know! Thank you (:
Editors' picks
Pine Script™ indicator

by KioseffTrading
Nov 11
22206
False Breakout (Expo)█ Overview False Breakout (Expo) is an indicator that
detects false breakouts in real-time. A false breakout occurs when the price
moves through a certain level but doesn't continue to accelerate in that
direction. This is because the price does not have enough momentum and the
buying interest at this level is not high enough to keep pushing the price in
that direction. Instead, the market reverses! All breakout traders are now
forced to close their positions at a loss. However, contrarian traders that have
identified this false breakout do get a perfect entry for a great reversal
trade! False Breakout is one of the most important price action trading patterns
to learn because it can help traders understand whether a breakout is valid or
false. █ How to use Identify False Breakouts Identify Reversal trades
----------------- Disclaimer The information contained in my
Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a
solicitation to buy or sell any securities of any type. I will not accept
liability for any loss or damage, including without limitation any loss of
profit, which may arise directly or indirectly from the use of or reliance on
such information. All investments involve risk, and the past performance of a
security, industry, sector, market, financial product, trading strategy,
backtest, or individual's trading does not guarantee future results or returns.
Investors are fully responsible for any investment decisions they make. Such
decisions should be based solely on an evaluation of their financial
circumstances, investment objectives, risk tolerance, and liquidity needs. My
Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator

by Zeiierman
Oct 12
351.7K
Time & volume point of control (TPOC & VPOC)What are TPOC & VPOC? TPOC (time
point of control) and VPOC (volume point of control) are points in price where
highest amount of time/volume was traded. This is considered key information in
a market profile, as it shows where market participant interest was highest.
Unlike full fledged market profile that shows total time/volume distribution,
this script shows the points of control for each candle, plotted with a line
(time) and a dot (volume). The script hides your candles/bars by default and
forms a line in the middle representing candle range. In case of candles,
borders will still be visible. This feature can be turned off in the settings.
Volume and time data are fetched from a lower timeframe that is automatically
adjusted to fit the timeframe you're using. By default, the following settings
are applied: Charts <= 30 min: 1 minute timeframe Charts > 30 min & <= 3 hours :
5 minute timeframe Charts > 3 hours & <= 8 hours : 15 minute timeframe Charts >
8 hours & <= 1D: 1 hour timeframe Charts > 1D & <= 3D : 2 hour timeframe Charts
> 3D: 4 hour timeframe Timeframe settings can be changed via input menu. The
lower the timeframe, the more precision you get but with the cost of less
historical data and slower loading time. Users can also choose which source to
use for determining price for points of control, e.g. using close as source, the
point of control is set to match the value of lower timeframe candle close. This
could be replaced with OHLC4 for example, resulting in a point of control based
on OHLC average. To identify more profound points of market participant
interest, TPOC & VPOC as percentage of total time/volume thresholds can be set
via input menu. When a point of control is equal to or greater than the set
percentage threshold, visual elements will be highlighted in a different color,
e.g. 50% VPOC threshold will activate a highlight whenever volume traded at VPOC
is equal to or greater than 50% of total volume. All colors are customizable.
VPOC is defined by fetching lower timeframe candle with the most amount of
volume traded and using its close (by default) as a mark for point of control.
For TPOC, each candle is divided into 10 lots which are used for calculating
amount of closes taking place within the bracket values. The lot with highest
amount of closes will be considered a point of control. This mark is displayed
in the middle point of a lot: How to utilize TPOC & VPOC Example #1: Trapped
market participants One or both points of control at one end of candle range
(wick tail) and candle close at the other end serves as an indication of market
participants trapped in an awkward position. When price runs away further from
these trapped participants, they are eventually forced to cover and drive price
even further to the opposite direction: Example #2: Trend initiation A large
move that leaves TPOC behind while VPOC is supportive serves as an indication of
a trend initiation. Essentially, this is one way to identify an event where
price traded sideways most of the time and suddenly moved away with volume:
Example #3: POC supported trend A trend is healthy when it's supported by a
point of control. Ideally you want to see either time or volume supporting a
trend:
Editors' picks
Pine Script™ indicator

by quantifytools
Nov 4
18240

See all popular scripts 






EDUCATIONAL IDEAS

NIFTY MIDCAP DIVERGENCENSE:NIFTY NSE:CNXMIDCAP NSE:CNXSMALLCAP Diverging for
couple of days. Ideally the broad market shall start picking up. While Nifty is
getting selling pressure near the Highs today. Midcap and Smallcap Index getting
buying near support zone. Midcap and Smallcap shall start picking up from here
on. The Broader Market Indices must converge with the Mainstream Index Nifty 50.
Inter-market Divergence is not sign of healthy trend. Longer the time the
divergence prevails it leads to trend reversal. As Nifty and Bank Nifty are near
the Highs along with other Indices. Broader Market Indices and stocks shall pick
up the trend now.
Education
by TrendonomicsHD
6 hours ago
2
How to find High Probability trades? Hi all, hope you guys are doing well. It’s
been a long time since I last posted. Apologies for that. 🙏 In this post, we
are going to see how we can combine different indicators/concepts to create
confluence zones and find high-probability trades. Introduction A trade that has
a greater chance of success than a regular trade is called a high-probability
trade. Obviously, it's our assumption that some trades have higher chances of
success as compared to others because they have more supporting factors.
Nevertheless, a high probability trade can also result in a loss. How to find
high-probability trades? There are a few things that you can observe to find a
confluence of various important factors such as a support/resistance level,
demand/supply zone, Fibonacci level, moving averages, volume, RSI, etc.
Depending on your knowledge and trading style, the confluence zone can be
derived using a combination of various different concepts or indicators. In this
post, I am going to share the factors that I look at for finding good trades.
How to find confluence zones? In order to find the confluence zones, you need to
understand the concepts and the indicators, then combine them together to create
the whole picture. It's like building a jigsaw puzzle - first, you need to
identify the individual pieces, and then you need to put them together. Let’s
dive into all of these concepts one by one. 1. Market structure Market structure
is simply a basic form of understanding how the markets move . The price action
is how the market moves based just on price, without the consideration of trends
and how they may continue. But the market structure is focused mainly on the
trend. I have covered market structure in various different threads that you can
read here: 2. Consolidation before Breakout If a stock consolidates before
giving a breakout, there are higher chances that it will be a true breakout.
This is because all the residual supply gets absorbed at the resistance zone and
most of the pending demand orders get filled. Ideally, once a stock goes into
consolidation, one of the two processes occurs: Accumulation Distribution In
layman’s terms, - If demand is more aggressive than supply, then the price
rallies, which confirms accumulation. - Similarly, if the supply is more
aggressive than the demand, then the price falls down, which confirms
distribution. If you are struggling with identifying the breakouts, be sure to
read this post. 3. Support-Resistance levels S/R levels are critical parts of
trend analysis because they are used to highlight important zones. The fact that
these levels flip roles between support and resistance can be used to determine
the range of a market, trade reversals, bounces, or breakouts. These levels
exist due to the influx of buyers and sellers at key junctures. Flip zone acting
as resistance: Flip zone acting as support: If you are looking for an in-depth
tutorial on support and resistance, please check out my old guide here: 4.
Supply-Demand zones S/D demand zones are one of the most important things that I
look at while charting. The stronger the S/D zone, the higher the chances of a
reaction. Always look for these zones in the direction of the major trend. 5.
Location of 200MA or 200EMA Always observe the position of 200MA/EMA with
respect to price. Once the price interacts with the moving average, study the
reaction. If you are looking for a long trade, then look for a positive reaction
as the price reacts with the moving average. 6. Overlap with a Fibonacci level A
lot of times, the price will come back to a Fibonacci level. You need to observe
the price behaviour near these levels. If you are not familiar with the
Fibonacci tool, please check my old guide on Fibonacci retracement and
extension. 7. Candlestick pattern and the size of the candles The candle spread
plays an important role in determining the strength and mood of the underlying
trend. In layman's terms, big-bodied candles indicate strength and small-bodied
candles act as noise. In any case, the candlestick pattern and candle spread
should only be viewed at an important level. The context plays a crucial role.
8. Chart patterns This is pretty self-explanatory. If you trade patterns, you
can combine them with other factors to strengthen your analysis. 9. Volume
expansion Ideally, at the time of the breakout, the volumes should rise . The
volume can be deceiving and we need to see orderflow for a clear picture.
Obviously, the majority of us are not looking at the orderflow and hence the
volumes can be deceiving. But, for a normal trader, the simple volume indicator
is more than enough. So, these are mainly all of the factors that I look at
while analyzing the charts. Please note that the usage of the concepts will vary
with charts. Sometimes only 3-4 factors may be at play and the other times, 6-7.
High Probability trade checklist: 1. Market structure 2. Consolidation before
the Breakout 3. Support-Resistance levels 4. Supply-Demand zones 5. Location of
200MA or 200EMA 6. Overlap with a Fibonacci level 7. Candlestick pattern and the
size of candles 8. Chart pattern 9. Volume expansion In the example above, you
can notice the following things: 1. The market structure was bullish before the
breakout, which was evident from the formation of higher highs and higher lows.
Don't confuse the internal structure (Low time frame structure) with the
external structure (High time frame structure). 2. The price was consolidating
in the rectangle/parallel channel for a good amount of time. 3. When the price
reached the previous demand zone, the selling pressure started to decrease and
the buyers started to step in. 4. When the price interacted with 200MA/EMA,
there was a strong reaction to the upside. This means that the buyers want to
take the price higher. 6. The buying interest can be seen by an increase in the
volume in the last few sessions before the breakout. The volume can be deceiving
and we need to see orderflow for a clear picture. But in general, you do not
need to complicate this, just use volumes in conjunction with other factors. 7.
We always look for some reversal or indecision candlesticks in the confluence
zone. In the chart above, at the point of interaction with the moving average
and the demand zone, we can see the formation of exhaustion candles. Again, we
need to look at these patterns only at specific important levels (like support
or resistance levels) and disregard the formations in between the levels. 8.
When the price broke above the previous major resistance with a massive bullish
candle, there was a heavy volume expansion. More examples: You can read and
revise this post until you understand all the concepts. Thanks for reading. I
hope you found this helpful! 😊 Disclaimer : This is NOT investment advice. This
post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager
(India), TradingView
Editors' picks

Education
by johntradingwick
Nov 10
14493
How to use the Multi-layout feature?If you track several markets or if you need
to track multiple symbols simultaneously, the multi-layout feature is the way to
go. It enables you to track different markets or the same symbol simultaneously
on different time frames. This particularly comes in handy if you trade indices
and need to track the constituents to observe their price behaviour. Example :
If you trade Bank Nifty index futures or options, you can track the top
constituents of the index. This will help you in assessing which constituents
are pulling up or dragging the index and how the overall move can unfold. This
short visual guide will help you in accessing and customizing the multi-layout
feature. Let’s get started! 1. Open the homepage of TradingView, go to “
Products ” and then open your chart layout. 2. Once you are on the chart page,
you’ll see a small square icon at the top-right hand side of the screen. This is
the “ Layout ” option. Click on it to view different available options. 3. As
soon as you click on it, you’ll be greeted with a small window showing various
combinations of horizontal and vertical layouts . 4. You can select the desired
layout as per your needs. The vertical layouts look great on monitors in
landscape mode, whereas the horizontal layouts go with portrait mode. Please
note that the number of charts per tab varies with the subscription type. The
limit is as follows: Free plan- 1 chart (Can’t use the multi-chart feature) Pro
plan - 2 charts Pro+ plan - 4 charts Premium plan - 8 charts If you need to
upgrade your account, be sure to check our Black Friday sale . You can get up to
60% off on subscriptions. 5. As we mentioned earlier, the multi-layout feature
enables you to track several markets simultaneously or the same symbol on
different time frames. Example: Tracking different markets Example: Tracking the
same symbol on different time-frames Observing the same symbol on multiple time
frames provide easy insight into the multi-time frame analysis. 6. There are
also a few synchronization options. You can synchronize the symbol, interval,
time, crosshair, and date range between the charts. You can just select the sync
option by just clicking on it. Thanks for reading! Hope this was helpful! See
you all next week. 🙂 – Team TradingView Feel free to check us out on Twitter
and Instagram for more awesome content! 💘
Editors' picks

Education
by TradingView
Nov 10
159
How and when should apply which Option's strategyHey everyone! 👋 This post is
just for sharing knowledge about Future and Options strategies, First of all,
one should build view (bias) on market direction, it may be bullish, bearish,
sideways, or there may be some events too, like budget day or quarterly results
seasons or may be something else, once view is built then what are the ways to
apply futures and options strategies are shown in this post. Options trading may
sound risky or complex for beginner investors, and so they often stay away. Some
basic strategies using options, can help a novice investor protect their
downside and hedge market risk. Options trading is meant to provide a process
that defines the selling and buying of options by a trader. The options trading
strategies are what make up the options trading. There are various ways that a
trader can use the options trading strategies to their advantage. Options
trading is a great way to increase your returns as an investor. You will be able
to generate profits when the market goes up or when it goes down. However, with
so many options trading strategies on offer, you may find it difficult to know
which one to choose. This post is showing ideas of the different options
strategies and help you choose the right one based on your views. What Are
Options Strategies? Options are one of the most flexible and powerful way for
investing in the stock markets. Investors can utilize stocks in many ways,
including buying and holding onto them to long-term appreciation in value or
short-term trading to make a quick buck. However, the stock market is huge, and
investors can utilize many sophisticated strategies. The first complex strategy
is called a call option. Call options are contracts that enable the holder to
purchase a stock or other asset at a specific price within a specific time
frame. If the price goes above the strike price, the owner can buy the stock at
a lower price and then sell it at a higher price. This can result in a great
return, but a loss is possible if the stock doesn't move or move in opposite
direction. Types of Options Strategies There are four ways to trade options
strategies : call, put, spread, and straddle. First, let's start with the call
and put. A call is a contract that gives the owner the right to buy a stock at a
specific price on or before the option's expiration date. On the other hand, a
put is a contract that gives the owner the right to sell a stock at a specific
price on or before the option's expiration date. Spreads and straddles are both
strategies used to manage risk. A spread is created by buying the same type of
option with the same expiration date but with a different strike price. The
strike price is the underlying stock price when the option is exercised. A
straddle is created by buying an option with a lower strike price and an option
with a higher strike price with the same expiration date. Pros and Cons of
Options Strategies Just like selecting a stock to trade or invest in, selecting
an options strategy can be a difficult task with risks and potential payouts.
The pros and cons of options strategies help you decide which is best for your
investing style. Pros: - Lower investment costs - Stock options can be used as a
way to hedge your investment or portfolio risk Cons: - High risks and losses can
occur if you don't research your options strategy - Options can only be
exercised at the expiration date Conclusion Traders can use Options strategies
to take advantage of both rising and falling prices of stocks. We hope you have
gained a deep understanding of what options strategies are this post. See you
all next week. 🙂 RK_Charts Most investors treat trading as a hobby because they
have a full-time job doing something else. However, If you treat trading like a
business, it will pay you like a business. If you treat like a hobby, hobbies
don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My
studies are for educational purpose only. Please Consult your financial advisor
before trading or investing.
Editors' picks

Education
by RK_Charts
Jul 9
932.1K
Different Methods to Identify Perfect Entries with ConfluenceBasics of Trading
and the areas of interest of every trader to have minimum knowledge to
understand the market and its movement. Volume Based Entries Basics of Volume
When the price is trending volume will be above volume moving average that will
be considered as trend, when volume is too high in a session thats higher than
3x to volume moving average that will be considered as climax which means
maximum orders are filled in the exsisting trend. Apart from stocks if such
Climax pattern in volume in any format is seen then consider there might be a
reversal soon. If one is trading in the stocks you get to see this ultra high
volumes in gap ups and gap downs, now you will have to know what sort of gap it
is to take entries which we will discuss in the Gaps later.
--------------------------------------------------------------------------------
Gaps Gaps theory needs to be understood properly, over 4 kinds of Gaps are found
in charts. Simple understanding follows : Common Gaps : Normal gaps that happen
every day with in a ranging market Break Away Gaps : If a range/pattern/Support
or Resistance is broken with a gap that is called break away gap. This sort of
gap happens in the early stages of trend. Running Gaps : After breakaway gaps
rest of the gaps if happened towards the trend is called running gaps. as long
as there is an exhaustion gap. Exhaustion Gaps : This Exhaustion Gap happens
either up or down after an up trend or the same in a down trend. These gaps gets
filled giving an idea that the trend has ended. Consolidation Areas
Consolidation areas or the trading ranges are to be considered as Support &
Resistance areas to identify for patterns like Triangle, wedge, flag, pennant,
or rectangle patterns. good areas to look for gap up or down and volume to
identify breakout for the next move or plan for the next session. Fib Extension
& Retracements Fibonacci extention and retracements is the basic knowledge that
any trader who is willing to learn about technical analysis should be
considering learning in depth, its a basic tool that gives you a lot of info,
Basic knowledge to know is Fibbonacci Retracement is used to identify the entry
and Extension is used to identify the exit. levels of interest are called the
golden ratio i;e: 38%, 50%, 62% this is where majority of the reversals happen,
these can be considered as Support & Resistance zones to look for breakout
entries Support & Resistance Every traders nightmare is to understand or
identify S&R in the initial days of your trading is not because you cannot ...
it is because you are too curious, anxious, exited to enter into a trade, once
you calm down and try to understand the market its not that hard to identify
them ... S&R areas are the reversal zones or breakout zones it is going to be a
big topic if tried to explain the whole concept so lets just stick to basics and
use pivot high and low and FIB levels as your support and resistance zones for
now. Trendline Breakout These are first thing that any trader learns try to
master them, a perfect trendline is considered a strong support in uptrend or
resistance in downtrend when it has respected this line for least 2 times from
its start point. A breakout gives you and opportunity to enter in to a trade.
Elliott Wave This is not considered as entry point in the initial stages of
learning but one should know the basics of elliott wave to identify the trend we
are in by looking at the leg we are in and you can calculate the trend by given
wave length through fibonacci ratios. Only thing that you need to know is that
market doesnt move in a straight line like you see in elliott wave picture above
there will be waves with in waves. Try to bring all these together as confluence
to understand the market move and take entries. Note : Train the eye to identify
the structure, then comes the logic and explanation.
Editors' picks

Education
by TeamTaurus
Oct 16
12635
'Verse' of 'Reverse' Candlestick Pattern-> Definition of Reversal patterns :-
Reversal patterns mean the formation of candlesticks which indicate the end of
the existing trend (uptrend or downtrend). When such formation appears in a
downtrend, it indicates a bullish reversal or end of selling spree and onset of
buying spell. Conversely, when a trend reversal pattern forms in an uptrend, it
warns traders of a possible end to bullish run and onset of a slump. Candlestick
patterns are visual patterns, helping traders to visualize when market sentiment
is shifting, which is why many traders prefer candlestick charts over other
trading tools. However, any trend reversal indication must conform with other
popular technical trading tools. -> Engulfing Patterns :- An engulfing pattern
is a two-candle formation that signals trend reversal, and hence, there are
bullish engulfing and bearish engulfing. The bearish engulfing happens in the
uptrend. The first candle is a white/green candle that forms in the uptrend. The
second candle opens higher than the previous session and then closes below the
previous. It indicates that the bullish force made a final thrust before bearish
forces took over. The opposite of bearish engulfing is bullish engulfing, and it
appears at the bottom of a downtrend. ->Doji :- Doji is a unique formation – a
candle with no real-body but with shadows. Doji can take many forms like Doji
Star, Dragonfly Doji, Gravestone Doji, Long-legged Doji, and more. It is often
associated with market indecision before a trend reversal. Apart from Doji star,
Dragonfly Doji and Gravestone Doji also indicate a trend reversal; but to base
your trading decisions on them, those must concur with other popular trading
tools like moving average, RSI, or moving oscillator. Doji formations often have
no real-body, means that the opening and closing price is almost the same, or
the market has reached an equilibrium where neither the buying not the selling
strengths are strong enough to give it a direction. -> Abandoned Baby :-
Apparently, an abandoned baby is a more decisive trend reversal pattern than
Doji. It is a rare formation, but when it appears, it is a strong enough
indication for traders to alter their position accordingly. Since it is a trend
reversal pattern, an abandoned baby can appear in both uptrend or downtrend. An
abandoned baby is a Doji star that appears between two candles – the first one
appearing in the direction of the trend and the second confirmation candle
appearing in the reversed trend, either bullish or bearish. The shadow of the
first candle mustn’t overlap the second candle. The star appears above or below
the trend, looking abandoned, hence the moniker. -> Hammer Pattern :- Hammer is
a single candle pattern that appears in a downtrend implying a trend reversal to
bullish. It usually has a small real-body and a long downward shadow. It
indicates that the market fished for the bottom but eventually buying forces
were strong to push the market up – the result is a bullish or green candle
comprising a short real-body. The candle appearing next to the hammer must
confirm the trend reversal to form a trading strategy. It must close above the
last candle formed before the hammer. The opposite formation of a hammer, an
inverted hammer which appears in an uptrend, is also a trend reversal pattern.
In this case, the color of the hammer doesn’t matter, but the upper shadow is
twice the size of its real body. An inverted hammer requires stronger
confirmation candles to ascertain trend reversal. Another similar formation that
appears in the candlestick chart is called a hanging man. It is a hammer that
appears in uptrend. When the hanging man appears after a rally, it indicates a
trend reversal. It needs further confirmation from the following candles
appearing in the trendline. If those appearing in a downtrend, the hanging man
confirms a downward trend reversal. -> Piercing Line :- A piercing line is a
two-candle formation – a bearish long-bodied candle and another bullish candle
which opens at a gap and closes at the midway of the bearish candle. Both
candles have robust long bodies. It shows that the market started in bearish
impulse, but eventually, buyers gained momentum to pull the market up and
reserve their position. -> Harami Pattern :- Harami patterns are common and can
be both bullish harami and bearish harami. In Japanese, the word translates to
pregnant. It is a two-candle formation where the second candle is a small-bodied
candle that opens and closes within the body of the first candle, representing a
pregnant form. In the case of Harami Cross, the second candle is a Doji star. A
Harami is a reversal pattern, but it isn’t as strong as the hammer and needs
confirmation from other technical trading tools like RSI, MACD, and the like. My
OBSERVATION :- These reversal patterns works very well when used with RSI, In
case of indices, when RSI is above 65 or below 35 any such pattern visible
indicates reversal and In case of stocks, when RSI is above 70 or below 40 any
such pattern visible indicates reversal.
Editors' picks

Education
by Chaser30
Apr 24
521.8K
Double Bollinger Band Strategy :Double Bolliger band Strategy : Tried to put in
best easy way in the chart and simple explanation below : What we need : Two
Bollinger Bands 1. Length 20 and StdDev 1 2. Length 20 and StdDev 3 Confirmation
with indicators should be in same trend with candle stick trend 1. RSI (For
trend identification) 2. Stoch (Entry and Exit confirmations / Overbought and
Oversold confirmations) Risk Reward Ratio : 1:2 or 1:1.5 or as per your risk
appetite, above ones shown with 1: 2 RR Rules of the game : When ever candle
stick crosses above/below BB with StdDev 1, that’s the entry. Any candle after
this should be used as entry point above the earlier candle which crossed BB
with StdDev 1, stop loss should be the candle stick (candle stick which crossed)
high or low (sell/buy respectively) or middle line of Bollinger band which ever
are nearer. Take profit is 1 : 2 or as per the risk appetite. Avoid when : •
Long wicks or long candles which crossed the BB with StdDev 1 • If the candle
stick trend is not matching with RSI/Stoch (all should be in following same
trend path) • If we don’t get entry within 2 candle sticks after the candle
stick which crossed above/below BB with Std Dev 1 Stop Loss : Stop loss is the
key here, please do not enter unless you understand how to calculate stop loss.
Calculate Stop loss first before entry and it should be minimal say not beyond
40 points in Nifty as an example / acceptable loss in above example chart.
Result : Out of 7 entries 1 hit SL while 6 won. 7 wins with 80 points each vs 1
SL with 40 points make to 520 points gain overall. Please do let me know if you
have any questions would be happy to respond. Please do like and share this
idea. Thanks Disclaimer : This analysis/strategy is only for educational purpose
and not be considered as any trading idea/tip. Please consult your financial
advisor before you take any trade and we are no way responsible for your
profits/losses. Thank you!
Editors' picks

Education
by AdhigamaTrading
Nov 2, 2021
2672.4K
Moods of Candlesticks 🎚How do you read a candle? The top or bottom of the
candle body will indicate the open price, depending on whether the asset moves
higher or lower during the selected timeframe. If the price trends up, the
candlestick is often either green or white and the open price is at the bottom.
viceversa if price trends down. Why Candlestick is important? They indicate
market turning points early and estimate the direction of the market. Overall,
Candlesticks provide unique insights. They display reversal patterns which
cannot be seen in other types of charts. They can be used in all kinds of
markets. Detailed Explanation :- Real Bodies Each candlestick is composed of a
real body and two wicks (which are also called shadows or tails). The real body
is the substantial part of the candle. It reflects the difference between the
open and close price for that period. The open and close prices are the first
and last transaction prices for that time period. When there is no real body or
the real body is very small, it means the open and close prices were the same or
almost the same. The real bodies are typically one solid color, though they may
also be hollow, with only their edges displaying a color. Their coloring depends
in part on the color scheme used by your charting platform, but white/black and
green/red are commonly utilized. A white or green candle means the price
finished higher over that time period. Because the closing price is higher than
the open price, the bottom of the real body represents the open price and the
top of the real body represents the close price. A black or red candle means the
price finished lower over that time period. Therefore, the top of the real body
is the open price and the bottom of the real body is the close price for that
time period. Wicks or Shadows The wicks or shadows—the thin lines above and
below the real body—represent the movements above and below the open and close
prices. The highest part of the wick on top of the real body marks the high
price for that period. If there is no upper wick, then the top of the real body
was also the highest price during that period. The lowest part of the wick on
the bottom of the real body marks the low price for that period. If there is no
lower wick, then the bottom of the real body was also the lowest price during
that period. The difference between the high and low prices is the price range
for the period.
Editors' picks

Education
by rachanak
Feb 9, 2021
15865
Gap up / gap down intraday strategy with simple entry / exitI get queries from a
lot of people who don't want to study technical analysis much. They're just
focused on getting a predefined trading strategy, which they can use effectively
in the market without looking much at the charts . So, in this video, I share a
strategy which has been given really good results and it works a lot of times
and I believe the probability of this particular strategy is close to around 65
to 70%. It has simple entry and exit rules, and you can only apply this
particular strategy when the market opens gap up or gap down. See, whenever the
market opens gap up or gap down, there is high volatile period of the market
during the beginning half an hour or an hour. And in that period of time,if you
place a trade, then you have a good probability if market moves as per
expectation. As you can see these days, nifty and back nifty have been creating
gap up and gap down opening almost on a daily basis. In this case, the first
rule is that if the market opens gap up by more than half a percent. So for
example, if bank nifty opens gap up by more then 200 points. , then only you can
apply this strategy. And on the other hand, if nifty opens gap up or gap down by
more than 50 or 60 points, then only you should think of applying this
particular strategy. Small gaps do not count in this strategy. So if bank nifty
gaps down or gaps up by only 50- 60 points, then avoid this strategy altogether.
See, whenever the market is opening gap up or gap down, there are two
possibilities. The market might continue the current trend. For example, if the
market opens gap up, the chances are that the market might move higher, or the
other possibility is that the market might go sideways the whole day. So ,in
this case, whenever you see the market opening gap up or gap down by more than
half a percent, just have to follow this simple procedure. Just plot the 15
minute chart with a 20 exponential moving average. Why 20 exponential moving
average because the market usually gets good support and resistance around the
20 moving average. You can expect the market to stall around the moving average
for a lot of times if you take a trade. So ,you just have to plot the 15 minute
chart, and if the market gaps up or gaps down, you just have to watch the first
15 minute candle. So if the market opens gap up and it forms a bullish candle.
Then , what you can do is you can sell puts if price breaks the first 15M candle
high. You can sell puts with the stop loss at the low of the candle. If the
market comes below the low of the candlestick the first 15 minute bar, then you
exit your position and book the loss. Why sell puts? The idea behind selling
puts is that during the first 15-30 minutes, the volatility is on a very higher
side during that period. And if at that point of time you start to sell options,
then with the passage of time, as the market starts to move sideways, the
volatility reduces. And, what occurs is a concept called IV Crush. The
volatility starts to reduce very quickly and that will give you a benefit if you
sell a put, even if the market goes sideways. So for example, the market formed
a very big bullish candle, and the criteria is if it crosses the high of the
candle ,sell puts . So, the whole day, if the market is moving sideways/upwards
, the volatility crush will start to happen. And with the passage of time,
you'll start to see the benefit of the IV Crush and the time decay. So this is a
very handy strategy which you can apply. Always remember, keep the stop loss
below of the first 15M candle. It's a very effective technique, and it's based
upon gap openings. And ,the first 15 minutes usually tell us who is on the
stronger side, who's winning , buyers or sellers. So make sure the gap is big
and whatever bar is being formed in the first 15 minutes. If the bar is bullish,
you sell a put If the price crosses the high of that candle stick, and stop plus
below the low of that candlestick. It's an effective rule based strategy and you
can back test it on nifty and bank nifty. And you can also check its
reliability, its effectiveness, you can also add this particular strategy in
your tool kit. So I hope this strategy will provide some sort of value to you in
your trading. And if you find the video helpful, don't forget to like this and
share it and also comment your thoughts. Thank you very much and take care.
Editors' picks


Education
08:26
by piyushrawtani
Oct 11
25901
CHOOSING OPTIONS STRIKEChoosing wrong strike prices can lead to big losses even
when our analysis is right. It's due to Theta decay. So Lets understand some
basics of options strike price. There are three types of strike prices based on
their moneyness. 1)ATM (At the Money) 2)OTM (Out of the Money) 3)ITM (In the
Money) FOR CALL OPTIONS : Lets assume Stock ABC is trading at 150 (spot price).
Then, Spot price = 150 ATM Strike = 150 Any strike above spot price is OTM for
call option. Ex : 160 ,170,180 etc., Any strike below spot price is ITM for call
option. Ex : 140, 130, 120 etc., FOR PUT OPTIONS : Stock ABC is trading at 150
(spot price). Spot price = 150 ATM Strike = 150 Any strike above spot price is
ITM for put option. Ex : 160 ,170,180 etc., Any strike below spot price is OTM
for put option. Ex : 140, 130, 120 etc., HOW TO CHOOSE THE STRIKE AMONG THE
ABOVE THREE MONEYNESS 1)Follow a simple rule, Buy a strike price which is closer
to the spot price. "OTM STRIKES ARE BIG NO" . 2) Remember! when we are buying an
option, the stock / index needs to move up / down with a good momentum. So that
our option will gain some value & we will be in profit. So it doesn't make sense
to buy a OTM call / put. Because if a strike price is far away from spot price,
it won't give us much movement due to time decay. I have even shared my option
strike rules as follow. Friday, Monday & Tuesday = ATM strikes Wednesday &
Thursday = ITM strikes This is how I used to pick strikes for intraday. The
reason is simple because, if we are closer to the expiry (Thursday) the effect
of theta decay is very high. Due to which our premiums will not move much even
if the stock / index has moved pretty well. By following these rules, our
chances of losing money will drop drastically. Happy Learning & Earning :) -
DivyaaPugal
Editors' picks

Education
by Divyaapugal
Oct 20
20365

See all educational ideas 






VIDEO IDEAS

Bank Nifty - Analysis for Nov 14Choppy move is expected, unless bears or bulls
gain strength during market hours. Possible scenarios are discussed in this
video. Note : Develop flexibility and adapt market movement to be a profitable
trader. I post analysis daily on indexes.
02:52
by vanathi
9 hours ago
109
3 Profit booking trades and 4 fresh Ideas for 14 Nov I really make educational
content videos for financial markets
Long
07:28
by Averoy_Apoorv_Analysis
19 hours ago
221
TECH STOCKS PART TWO VIDEO IDEANifty it daily chart is looking good by breaking
a horizontal resistance trendline rest all things I mentioned in video idea.
Previous chart's link I am sharing below.
Long
02:46
by AMIT-RAJAN
20 hours ago
51
BANKNIFTY Banknifty 42000 levels below sell banknifty don't buy already
banknifty 1030 poin movement done.
02:57
by vk447376
7 hours ago
2
How to trade NIFTY near all time highIn the video i have mentioned how to trade
#nifty near all time high. If you have any doubt you can ask me in comments
01:39
by nmcapital44
16 hours ago
1
NIFTY BANKNIFTY and other sector analysis NSE:NIFTY NSE:BANKNIFTY NSE:CNXIT
NSE:CNXMETAL NSE:CNXINFRA NSE:CNXMEDIA NSE:RELIANCE NSE:TCS NSE:MINDTREE
NSE:KOTAKBANK NSE:AXISBANK Good to keep on the radar Always respect SL &
position sizing ======================== Trade Secrets By Pratik
======================== Disclaimer SEBI UNREGISTERED This is our personal view
and this analysis is only for educational purposes Please consult your advisor
before investing or trading You are solely responsible for any decisions you
take on basis of our research.
Long
08:20
by PratikLodha
Nov 13
12
INDIAN HOTEL : BREAKOUT AWAITED - TRADE WITH RISK REWARD OF 1:5 Price has shot
up in a narrow channel and facing resistance at key levels. Price has tested
this resitance thrice and looks like now is in a position to break this
resistance to give a upmove of 15 %. Risk Reward & Stop loss mentioned in the
chart.
Editors' picks



03:09
by priceNpedia
Nov 7
28348
Gap up / gap down intraday strategy with simple entry / exitI get queries from a
lot of people who don't want to study technical analysis much. They're just
focused on getting a predefined trading strategy, which they can use effectively
in the market without looking much at the charts . So, in this video, I share a
strategy which has been given really good results and it works a lot of times
and I believe the probability of this particular strategy is close to around 65
to 70%. It has simple entry and exit rules, and you can only apply this
particular strategy when the market opens gap up or gap down. See, whenever the
market opens gap up or gap down, there is high volatile period of the market
during the beginning half an hour or an hour. And in that period of time,if you
place a trade, then you have a good probability if market moves as per
expectation. As you can see these days, nifty and back nifty have been creating
gap up and gap down opening almost on a daily basis. In this case, the first
rule is that if the market opens gap up by more than half a percent. So for
example, if bank nifty opens gap up by more then 200 points. , then only you can
apply this strategy. And on the other hand, if nifty opens gap up or gap down by
more than 50 or 60 points, then only you should think of applying this
particular strategy. Small gaps do not count in this strategy. So if bank nifty
gaps down or gaps up by only 50- 60 points, then avoid this strategy altogether.
See, whenever the market is opening gap up or gap down, there are two
possibilities. The market might continue the current trend. For example, if the
market opens gap up, the chances are that the market might move higher, or the
other possibility is that the market might go sideways the whole day. So ,in
this case, whenever you see the market opening gap up or gap down by more than
half a percent, just have to follow this simple procedure. Just plot the 15
minute chart with a 20 exponential moving average. Why 20 exponential moving
average because the market usually gets good support and resistance around the
20 moving average. You can expect the market to stall around the moving average
for a lot of times if you take a trade. So ,you just have to plot the 15 minute
chart, and if the market gaps up or gaps down, you just have to watch the first
15 minute candle. So if the market opens gap up and it forms a bullish candle.
Then , what you can do is you can sell puts if price breaks the first 15M candle
high. You can sell puts with the stop loss at the low of the candle. If the
market comes below the low of the candlestick the first 15 minute bar, then you
exit your position and book the loss. Why sell puts? The idea behind selling
puts is that during the first 15-30 minutes, the volatility is on a very higher
side during that period. And if at that point of time you start to sell options,
then with the passage of time, as the market starts to move sideways, the
volatility reduces. And, what occurs is a concept called IV Crush. The
volatility starts to reduce very quickly and that will give you a benefit if you
sell a put, even if the market goes sideways. So for example, the market formed
a very big bullish candle, and the criteria is if it crosses the high of the
candle ,sell puts . So, the whole day, if the market is moving sideways/upwards
, the volatility crush will start to happen. And with the passage of time,
you'll start to see the benefit of the IV Crush and the time decay. So this is a
very handy strategy which you can apply. Always remember, keep the stop loss
below of the first 15M candle. It's a very effective technique, and it's based
upon gap openings. And ,the first 15 minutes usually tell us who is on the
stronger side, who's winning , buyers or sellers. So make sure the gap is big
and whatever bar is being formed in the first 15 minutes. If the bar is bullish,
you sell a put If the price crosses the high of that candle stick, and stop plus
below the low of that candlestick. It's an effective rule based strategy and you
can back test it on nifty and bank nifty. And you can also check its
reliability, its effectiveness, you can also add this particular strategy in
your tool kit. So I hope this strategy will provide some sort of value to you in
your trading. And if you find the video helpful, don't forget to like this and
share it and also comment your thoughts. Thank you very much and take care.
Editors' picks


Education
08:26
by piyushrawtani
Oct 11
25901
Volume Analysis Series Part-3Volume Analysis Series Part-3 How to read volume ,
How to combine volume with candle and how to read sudden volume hike before
taking trade.
Editors' picks


Education
11:46
by StockEngineers_
Oct 28
9438
#M&M how Fibonacci time zone worksHow Fibonacci extention and time zone works
How the powerful combination of Cycles + Statistics can provide amazing
RISK:REWARD ratio trade
Editors' picks


Education
06:47
by cachetanbhasin
Oct 28
265

See all video ideas 






STREAMS

Nifty Analysis - HindiHindi video : Nifty technical analysis for next week .
Important levels and price action discussion.
05:56
by piyushrawtani
Oct 28
10
Charts Discussion for 26-10-2022
13:51
by Mr_Chartist_
Oct 26
10
Price Action Analysis In this video , I discuss my thought process and planning
behind a long trade which I took today in Bank Nifty
05:19
by piyushrawtani
Oct 20
24
Daily Discussion
08:11
by Mr_Chartist_
Oct 19
13

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