Priceprojection — Indicators and Strategies

Gann Octave 8 - Professional V 1.0 Gann Octave 8 Indicator: Core Concept: This indicator divides the price range between highest high and lowest low into 8 equal parts (octaves), creating support/resistance levels based on W.D. Gann's trading principles. Key Components: 1. Price Range Calculation: o Finds highest high and lowest low over a lookback period (default 50 bars) o Divides this range into 8 equal segments (12.5% each) 2. 8 Octave Levels: o 0% (Low Support) - Strongest support o 12.5%, 25%, 37.5% - Minor levels o 50% (CRITICAL) - Most important level o 62.5%, 75%, 87.5% - Minor levels o 100% (High Resistance) - Strongest resistance 3. Gann Angles: Projects trend lines from high/low points at various angles (1x1, 2x1, 1x2, etc.) 4. Visual Features: o Color-coded levels o Information table showing current position o Background highlighting when near critical levels o Trend analysis (bullish/bearish zones) Trading Strategy Entry Signals: BULLISH TRADES: • Price crosses above 50% level → Strong buy signal • Price bounces from 25% or 37.5% levels → Support bounce • Price in upper zone (above 50%) → Bullish bias BEARISH TRADES: • Price crosses below 50% level → Strong sell signal • Price rejects at 75% or 87.5% levels → Resistance rejection • Price in lower zone (below 50%) → Bearish bias Key Trading Rules: 1. 50% Level is Critical: Most important for trend direction 2. Zone Trading: o Above 50% = Bullish zone (look for longs) o Below 50% = Bearish zone (look for shorts) 3. Strength Levels: o Above 75% or below 25% = Strong moves o Near 100% (high) or 0% (low) = Extreme levels Risk Management: • Stop Loss: Place below previous octave level • Take Profit: Target next octave level • Position Size: Reduce size near extreme levels (0%, 100%) Example Trade: If price breaks above 50% level: • Entry: Long position • Stop: Below 37.5% level • Target: 75% level • Risk: Monitor for rejection at resistance levels The indicator works best in trending markets and helps identify high-probability reversal zones. Works for both Stocks & Derivatives. Experiment with code and share your feedback in comments..

Zaree - Bull & Bear Volume Void The "Zaree - Bull & Bear Volume Void" (BBVV) indicator is a versatile tool designed to help traders assess the dynamics of bull and bear power in the market, with a focus on volume-based analysis. This indicator offers a range of features that aid in identifying potential shifts in market sentiment and strength. Details of the Indicator: Volume Void Color Settings: This indicator allows you to customize the colors used for different conditions, such as strong bull areas, slowing bull areas, strong bear areas, and slowing bear areas. These colors play a crucial role in visualizing the indicator's output. Volume Void Settings: The BBVV indicator provides options for selecting specific volume void functions, which include "Relative Volume Comparison," "Percentage of Average Volume," "Fixed Volume Threshold," "Volatility-Adjusted Volume," "Compare to Previous Volume Bars," "Volume Percentile Rank," and "Market Session Comparison." Each function has its own criteria for evaluating volume conditions. Void Bull Sensitivity and Void Bear Sensitivity: These are key parameters in the settings. The values you choose for void bull sensitivity and void bear sensitivity will significantly impact the background color displayed by the indicator. Properly configuring these values is crucial for the indicator's effectiveness. Moving Average Settings: You can specify the source and length of moving averages used in the indicator. This helps in smoothing out data and providing a clearer picture of bull and bear power. Void Color Background Conditions: The indicator dynamically changes the background color of the chart based on the current market conditions. It takes into account bull and bear power, as well as the configured sensitivity levels to determine whether the market is in a strong or slowing bull/bear phase. MACD and Signal Lines: The indicator also displays MACD and signal lines on the chart, helping traders identify potential bullish and bearish crossovers. Histogram Bars: Histogram bars are used to represent the strength of bull and bear power. Above-zero bars indicate bullish strength, while below-zero bars indicate bearish strength. How to Use the Indicator: Begin by customizing the color settings for different market conditions to your preference. Select a volume void function that aligns with your trading strategy and objectives. Configure the void bull sensitivity and void bear sensitivity values carefully. These values should reflect your desired sensitivity to volume conditions. Choose the source and length of moving averages based on your analysis requirements. Pay attention to the background color of the chart. It will change dynamically based on the current market conditions, providing insights into the strength of bull and bear power. Observe the MACD and signal lines for potential bullish or bearish crossovers, which can be used as additional confirmation signals. Interpret the histogram bars to gauge the strength of bull and bear power. Example of Usage: As a swing trader with a focus on volume analysis, you can use the BBVV indicator to enhance your trading decisions. Here's an example of how you might use the indicator: Select "Relative Volume Comparison" as the volume void function to assess volume relative to a simple moving average. Configure void bull sensitivity and void bear sensitivity to match your risk tolerance and trading style. Choose "SMA" as the moving average type with a suitable length. Pay attention to the background color changes in the chart. Strong bull areas may indicate potential bullish opportunities, while strong bear areas may signal bearish conditions. Monitor the MACD and signal lines for potential crossovers, aligning them with the background color to validate your trading decisions. Use the histogram bars to assess the strength of bull and bear power, helping you gauge market sentiment. Remember that the BBVV indicator is a valuable tool to complement your trading strategy. It provides insights into volume dynamics and market conditions, allowing you to make informed trading choices. Be sure to adjust the indicator settings according to your trading preferences and always consider the broader market context in your analysis.

Projection Greetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com). This one is called Projection. Projection is based off the same Principle as some of my other scripts, such as Trade Manager() and Price Predictor(). I use a simple concept using line.new() to define some potential Price Projections. From the Settings of the Indicator, you can access a couple different Pre-Set options. Wide Parabola: Skinny Parabola: Straight Triangle: ZigZag1: ZigZag2: I wanted to give a Special Thanks to @Pinecoders for the custom RoundToTick Function from Backtesting/Trading Engine --> () If you like Projection, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.

Price Predictor Greetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com). This one is called Price Predictor. How To Use Price Predictor Price Predictor acquires potential targets by measuring the Average Change of Price from a user-defined resolution, from Open to Open. By default, the Resolution is set to 1 Day, however you can play around with Weekly, Monthly, etc. When a new resolution period begins, Price Predictor will automatically adjust based on the new Average Change of Price. Due to the avoidance of Security() in this script, you may have to play around with the Timeframe that you use it in to ensure that you have enough bars on your chart to process the User-Defined Resolution. The first Target Zone represents Target 5 of my other script, Trade Manager()(Given that you set the Target Multiple and Default Threshold Inputs as the same in each script), and is the most likely to be hit before the end of the resolution period. In addition to a User-Defined Resolution, you also have the option of using a Custom Price to define Target Zones, however I'd recommend using my other script, Trade Manager(), if the volatility of the Instrument isn't too high. I wanted to give a Special Thanks to @Pinecoders for the Custom RoundToTick Function from The Backtesting/Trading Engine --> ( If you like Price Predictor, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.

Trade Manager Greetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com). This one is called Trade Manager. How To Use Trade Manager Trade Manager acquires potential targets by measuring the Average Change of Price from a user-defined resolution, from Open to Open. By default, the Resolution is set to 1 Day, however you can play around with Weekly, Monthly, etc. When a new resolution period begins, Trade Manager will automatically adjust its Targets based on the new Average Change of Price. Due to the avoidance of Security() in this script, you may have to play around with the Timeframe that you use it in to ensure that you have enough bars on your chart to process the User-Defined Resolution. The idea behind Trade Manager is quite simple yet can be quite powerful at the same time. Consider a Daily Candle for example. You can clearly see how a vast amount of price movement can be encapsulated within it, sometimes in both directions. By measuring the Average Change of Price per day(From Open to Open), we can use this Average to build targets off of. Defining a small Threshold above and below the Open Price of the Daily Candle allows you to set Limit Orders at these levels with predefined Targets. Then, the use of the custom Trailing Stop and Break Even helps to secure profits without giving too much back to the market, all while managing your risk. Within the Settings of Trade Manager, you have the option to alter the logic of whether Break-Even is set after the first Target or second Target is hit. In addition to using a User-Defined Resolution Period, you can also input a Custom Price into the settings of Trade Manager and allow the Targets, Trailing Stop, and Break Even to be calculated from the Custom Price. I wanted to give a Special Thanks to @PineCoders for the Custom RoundToTick Function from The Backtesting/Trading Engine --> () As a note, there are times where price will break out very strongly from the Limit Price, sometimes crossing the Stop and Limit Price on the same bar. When this happens, it is difficult for Pine to determine which occurred first intra-bar, and as a result, it does not record a new position. In these instances, I'd recommend adjusting the Default Stop Multiple so it is below the bar. If you like Trade Manager, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.