In the fast-evolving world of technical trading, having the right tools can mean the difference between spotting high-probability setups early and missing opportunities entirely. TradingView has become a go-to platform for traders worldwide, offering powerful Pine Script® capabilities to customize charts, automate strategies, and detect critical market signals. This guide explores some of the most effective indicators and strategies available on TradingView—perfect for intraday traders, swing traders, and algorithmic developers alike.
Whether you're analyzing support and resistance levels, setting up trailing stops, or automating trade execution via APIs, these tools are designed to enhance precision, improve risk management, and streamline decision-making.
Core Keywords
- TradingView indicators
- Intraday trading strategies
- Support and resistance detection
- Pine Script automation
- Algorithmic trading setup
- Trailing stop tools
- Multi-timeframe analysis
- Candlestick pattern recognition
GapCluster SR: Dynamic Intraday Support & Resistance
One of the most reliable ways to trade price action is by identifying key support and resistance levels. The GapCluster SR indicator automates this process by detecting gaps between candlesticks—either between open/close or high/low values—and clustering nearby levels to reduce chart clutter.
Key Features
- Gap Detection Modes: Choose between Open/Close or High/Low gap detection.
- Clustering Logic: Merges levels within a user-defined range (e.g., 100 points) into a single strong zone.
- Dynamic Coloring: Levels below price appear green (support), while those above turn red (resistance).
- Session Reset: Automatically removes levels older than a specified number of days (default: 14).
- Full Customization: Adjust buffer size, line width, colors, and lookback period.
👉 Discover how to automate your support/resistance analysis with advanced tools
How to Use GapCluster SR
- Apply the script on any intraday timeframe (1-minute, 5-minute, etc.).
- Select your preferred gap detection mode in settings.
Fine-tune inputs:
- Increase cluster range to consolidate weaker levels.
- Adjust price buffer for tighter or looser gap matching.
Interpret signals:
- Green lines = potential bounce zones for long entries.
- Red lines = potential rejection areas for short setups.
- Combine with volume or momentum indicators (like RSI or MACD) for confirmation.
💡 Pro Tip: Use this indicator during high-volatility sessions like market open or news events when gaps frequently form.
Ensemble Alerts: Build Custom Alert Systems Without Coding
Creating complex alert conditions usually requires deep Pine Script knowledge—but not anymore. Ensemble Alerts allows traders to combine multiple technical conditions into powerful, customizable alert groups—without writing a single line of code.
Why It’s Powerful
- No Coding Required: Define alert logic using simple comma-separated number lists.
- Directional Control: Set alerts for up moves, down moves, or alternating signals.
- Condition Grouping: Up to six distinct condition groups can be defined.
- Visual Feedback: Labels, background highlights, and conditional plots help track active triggers.
Each number corresponds to a specific condition:
1= RSI above threshold7= AO above threshold13= Close above moving average25= Volume above average31–35= External conditions from other indicators
👉 Unlock powerful alert automation—no programming needed
Practical Use Case
Imagine wanting an alert when:
- RSI is oversold (condition #2)
- Volume is rising (#23)
- Price closes below a key MA (#14)
- And volatility is low (#30)
Just enter 2,14,23,30 in one group input—and the system will trigger only when all conditions align.
This makes it ideal for mean-reversion strategies, breakout confirmations, or filtering false signals.
Bjorgum Double Tap: Spot Double Tops & Bottoms Automatically
Reversal patterns like double tops and double bottoms are classic signs of trend exhaustion. The Bjorgum Double Tap script uses zig-zag logic to detect these "M" and "W" shaped formations across any asset or timeframe.
Strategy Highlights
- Detects confirmed patterns based on swing highs/lows.
- Avoids repainting by default—waits for bar close before signaling.
- Supports live trading bots and backtesting environments.
- Integrates with third-party platforms like 3Commas, Alertatron, and Trading Connector.
Exit & Risk Management Tools
- Stop Loss: Placed beyond pattern extremes (invalidation point).
- Take Profit: Set at 100% of pattern height (equal-leg projection).
- Trailing Stop Option: ATR-based trailing stop activates after target is reached—locking in profits dynamically.
⚠️ Note: When trailing stop is enabled, limit orders are disabled. Exits occur only via stop loss.
Supported Alert Destinations
| Platform | Use Case |
|---|---|
| Custom JSON | For developers building custom API integrations |
| Trading Connector | Auto-trade on MT4/MT5 |
| 3Commas | Crypto bot automation |
| Alertatron | Advanced algo crypto trading |
| Discord | Share trades with your community |
Use placeholder {{strategy.order.alert_message}} in alert boxes to auto-populate correct syntax.
BjCandlePatterns: Detect 20+ Candlestick Setups
Candlestick patterns remain one of the most intuitive ways to anticipate reversals or continuations. The BjCandlePatterns library detects over 20 classic formations—including dojis, engulfing bars, hammers, morning stars, and more.
Popular Patterns Detected
- Bullish/Bearish Engulfing
- Hammer & Hanging Man
- Morning Star / Evening Star
- Three White Soldiers / Three Black Crows
- Rising/Falling Three Methods
- Kicking Patterns
- Long Upper/Lower Shadows
Each function returns a boolean value (true when pattern detected), making it easy to integrate into custom strategies or alerts.
For example:
bullEngulfing = bullEngulf(maxRejectWick=50, mustEngulfWick=true)This detects bullish engulfing candles where the top wick doesn’t exceed 50% of the body.
Multi-Timeframe MA with RSI Heatmap
Trend identification improves dramatically when viewed through multiple timeframes. The MTF MA indicator lets you apply up to three moving averages—each from a different timeframe—on a single chart.
Advanced Features
- Choose from 10 MA types (SMA, EMA, HEMA, Tilson T3, etc.)
- Set each MA to any higher timeframe (e.g., 1-hour MA on a 15-minute chart)
- Non-repainting MTF calculations ensure accuracy in real-time
- RSI Heatmap coloring shows momentum intensity via gradient color shifts
🔍 Example: Go short on a 15-minute chart only if the 1-hour and 4-hour RSI heatmaps show deep oversold readings—avoiding counter-trend traps.
AutoTrail: One-Time Trailing Stop Tool
Managing open positions manually isn’t always feasible—especially during volatile markets or off-hours. AutoTrail offers interactive trailing stops that lock in gains automatically.
Trail Types Available
- Price-Based: Fixed offset from selected swing point.
- Percent-Based: Trail follows price at user-defined percentage distance.
- ATR-Based: Adapts to market volatility.
- PSAR-Based: Accelerating stop for trending markets.
Once triggered, alerts fire only once—preventing duplicate orders. Ideal for semi-automated setups using API-connected brokers.
Frequently Asked Questions (FAQ)
Q: Can I use these scripts on mobile?
A: Yes! All Pine Script indicators and strategies work on the TradingView mobile app. However, interactive features like placing trail start points may be easier on desktop.
Q: Are these tools suitable for beginners?
A: Absolutely. While some scripts (like Ensemble Alerts) offer advanced functionality, they’re designed with intuitive inputs. Start with pre-configured settings and tweak gradually.
Q: Do these indicators repaint?
A: Most do not. Scripts like Double Tap and MTF MA are built to avoid repainting by confirming signals only after bar close.
Q: How do I connect alerts to my broker?
A: Use third-party services like 3Commas or Trading Connector. Copy the webhook URL into TradingView’s alert window and use {{strategy.order.alert_message}} as the message body.
Q: Can I modify the code?
A: Yes—Pine Script is open for editing. You can customize logic, add filters, or integrate additional indicators.
Q: Is backtesting reliable with these strategies?
A: Backtesting provides useful insights but should be combined with forward testing. Be cautious of overfitting and always validate performance across multiple assets and timeframes.
Final Thoughts
The combination of intelligent indicators, robust alert systems, and automated execution tools empowers traders at every level. From spotting intraday gaps with GapCluster SR to building multi-condition alerts with Ensemble Alerts, these resources bring professional-grade analysis within reach.
Whether you're refining your personal strategy or diving into algorithmic trading for the first time, leveraging these tools can significantly boost your edge in the market.
👉 Start building smarter trading systems today—explore next-gen trading tools