Advanced Volume-Driven Breakout SignalsThe "Advanced Volume-Driven Breakout Signals" indicator is a cutting-edge tool designed to help traders identify high-potential trading opportunities through sophisticated volume analysis techniques. This indicator integrates volume flow analysis, moving averages, and Relative Volume (RVOL) to provide a comprehensive view of market conditions, going beyond traditional Volume Spread Analysis (VSA) methods.
Key Features:
Volume Flow Analysis: Distinguishes bullish and bearish volume flows with distinct colors, making it easier to visualize market sentiment and potential breakout points.
Volume Flow Moving Averages: Calculates moving averages for volume using various methods (SMA, EMA, WMA, HMA, VWMA), accommodating different trading strategies. This includes settings for adjusting the type of moving average and its period, as well as thresholds for high, medium, and low volume levels.
Volume Spikes Detection: Identifies significant volume spikes based on user-defined multipliers and moving averages, highlighting unusual trading activity.
Volume MA Cloud Settings: Computes general moving averages of volume to track trends and detect deviations. This feature includes options to select different moving average types and adjust thresholds for detecting high volume activity.
Relative Volume (RVOL): Measures current volume relative to historical averages, triggering signals when RVOL exceeds predefined thresholds, indicating notable changes in trading activity.
Entry Conditions: Provides clear long and short entry signals based on combined volume flow conditions and RVOL, offering actionable trading opportunities.
Volume Visualization:
— Bullish Volume Flow: Light and dark green bars indicate bullish volume flow.
— Bearish Volume Flow: Light and dark red bars denote bearish volume flow.
— High Volume Bars: Highlighted in yellow, and extreme volume bars in orange for additional context. These bars are plotted for visual aid and do not directly influence trade signals, focusing instead on the quality and strength of the volume flow.
Alerts: Allows users to create alert notifications for long and short entry signals when the criteria are met, enabling traders to respond promptly to trading opportunities.
Usage:
Overlay: Apply the indicator directly to your price chart to visualise real-time signals and volume conditions.
Customisable: Adjust settings for moving averages, RVOL, and other parameters to match your trading strategy and preferences.
Comparison to VSA Scripts: The "Advanced Volume-Driven Breakout Signals" indicator extends beyond traditional VSA scripts by incorporating a wider range of analytical features. While VSA primarily focuses on volume spread patterns and price action, this indicator offers enhanced functionality with advanced RVOL metrics, customizable moving averages, and detailed volume spike detection, making it a more versatile tool for identifying breakout opportunities and managing trades. It is particularly effective when used alongside key levels and order blocks.
Acknowledgements: Special thanks to @oh92 and @goofoffgoose for their invaluable scripts, which served as inspiration in the development of this advanced trading indicator.
Notes: The script is continually evolving, with ongoing refinements aimed at enhancing accuracy and performance.
Priceaction
Pure Price Action ICT Tools [LuxAlgo]The Pure Price Action ICT Tools indicator is designed for pure price action analysis, automatically identifying real-time market structures, liquidity levels, order & breaker blocks, and liquidity voids.
Its unique feature lies in its exclusive reliance on price patterns, without being constrained by any user-defined inputs, ensuring a robust and objective analysis of market dynamics.
🔶 MARKET STRUCTURES
A Market Structure Shift, also known as a Change of Character (CHoCH), is a pivotal event in price action analysis indicating a potential change in market sentiment or direction. An MSS occurs when the price reverses from an established trend, signaling that the prevailing trend may be losing momentum and a reversal might be underway. This shift is often identified by key technical patterns, such as a higher low in a downtrend or a lower high in an uptrend, which indicate a weakening of the current trend's strength.
A Break of Structure typically indicates the continuation of the current market trend. This event occurs when the price decisively moves beyond a previous swing high or low, confirming the strength of the prevailing trend. In an uptrend, a BOS is marked by the price breaking above a previous high, while in a downtrend, it is identified by the price breaking below a previous low.
While a Market Structure Shift (MSS) can indicate a potential trend reversal and a Break of Structure (BOS) often confirms trend continuation, they do not assure a complete reversal or continuation. MSS and BOS levels can also function as liquidity zones or areas of price consolidation rather than definitively signaling a change in market direction. Traders should approach these signals cautiously and validate them with additional factors before making trading decisions. For further details on other components of the tool, please refer to the following sections.
🔶 ORDER & BREAKER BLOCKS
Order and Breaker Blocks are key concepts in price action analysis that help traders identify significant levels in the market structure.
Order Blocks are specific price zones where significant buying or selling activity has occurred. These zones often represent the actions of large institutional traders or market makers, who execute substantial orders that impact the market.
Breaker Blocks are specific price zones where a strong reversal occurs, causing a break in the prevailing market structure. These blocks indicate areas where the price encountered significant resistance or support, leading to a reversal.
In summary, Order and Breaker Blocks are essential tools in price action analysis, providing insights into significant market levels influenced by institutional trading activities. These blocks help traders make informed decisions about potential support and resistance levels, trend reversals, and breakout confirmations.
🔶 BUYSIDE & SELLSIDE LIQUIDITY
Both buy-side and sell-side liquidity zones are critical for identifying potential turning points in the market. These zones are where significant buying or selling interest is concentrated, influencing future price movements.
In summary, buy-side and sell-side liquidity provide crucial insights into market demand and supply dynamics, helping traders make informed decisions based on the availability of orders at different price levels.
🔶 LIQUIDITY VOIDS
Liquidity voids are gaps or areas on a price chart where there is a lack of trading activity. These voids represent zones with minimal to no buy or sell orders, often resulting in sharp price movements when the market enters these areas.
In summary, liquidity voids are crucial areas on a price chart characterized by a lack of trading activity. These voids can lead to rapid price movements and increased volatility, making them essential considerations for traders in their analysis and decision-making processes.
🔶 SWING POINTS
Reversal price points are commonly referred to as swing points. Traders often analyze historical swing points to discern market trends and pinpoint potential trade entry and exit points.
Do note that in this script these are subject to backpainting, that is they are not located where they are detected.
The detection of swing points and the unique feature of this script rely exclusively on price action, eliminating the need for numerical user-defined settings. The process begins with detecting short-term swing points:
Short-Term Swing High (STH): Identified as a price peak surrounded by lower highs on both sides.
Short-Term Swing Low (STL): Recognized as a price trough surrounded by higher lows on both sides.
Intermediate-term and long-term swing points are detected using the same approach but with a slight modification. Instead of directly analyzing price candles, previously detected short-term swing points are utilized. For intermediate-term swing points, short-term swing points are analyzed, while for long-term swing points, intermediate-term ones are used.
This method ensures a robust and objective analysis of market dynamics, offering traders reliable insights into market structures. Detected swing points serve as the foundation for identifying market structures, buy-side/sell-side liquidity levels, and order and breaker blocks presented with this tool.
In summary, swing points are essential elements in technical analysis, helping traders identify trends, support, and resistance levels, and optimal entry and exit points. Understanding swing points allows traders to make informed decisions based on the natural price movements in the market.
🔶 SETTINGS
🔹 Market Structures
Market Structures: Toggles the visibility of the market structures, both shifts and breaks.
Detection: An option that allows users to detect market structures based on the significance of swing levels, including short-term, intermediate-term, and long-term.
Market Structure Labels: Controls the visibility of labels that highlight the type of market structure.
Line Style: Customizes the style of the lines representing the market structure.
🔹 Order & Breaker Blocks
Order & Breaker Blocks: Toggles the visibility of the order & breaker blocks.
Detection: An option that allows users to detect order & breaker blocks based on the significance of swing levels, including short-term, intermediate-term, and long-term.
Last Bullish Blocks: Number of the most recent bullish order/breaker blocks to display on the chart.
Last Bearish Blocks: Number of the most recent bearish order/breaker blocks to display on the chart.
Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range.
🔹 Buyside & Sellside Liquidity
Buyside & Sellside Liquidity: Toggles the visibility of the buyside & sellside liquidity levels.
Detection: An option that allows users to detect buy-side & sell-side liquidity based on the significance of swing levels, including short-term, intermediate-term, and long-term.
Margin: Sets margin/sensitivity for a liquidity level detection.
Visible Levels: Controls the amount of the liquidity levels/zones to be visualized.
🔹 Liquidity Voids
Liquidity Voids: Enable display of both bullish and bearish liquidity voids.
Threshold Multiplier: Defines the multiplier for the threshold, which is hard-coded to the 200-period ATR range.
Mode: Controls the lookback length for detection and visualization. Present considers the last X bars specified in the option, while Historical includes all available data.
Label: Enable display of a label indicating liquidity voids.
🔹 Swing Highs/Lows
Swing Highs/Lows: Toggles the visibility of the swing levels.
Detection: An option that allows users to detect swing levels based on the significance of swing levels, including short-term, intermediate-term, and long-term.
Label Size: Control the size of swing level labels.
🔶 RELATED SCRIPTS
Pure-Price-Action-Structures.
Market-Structures-(Intrabar).
Buyside-Sellside-Liquidity.
Order-Breaker-Blocks.
Support Resistance UltimateThe "Support Resistance ULTIMATE" indicator is a comprehensive tool for traders on the TradingView platform, designed to identify key support and resistance levels using two primary techniques: pivot points and volume data. This indicator provides flexibility and customization, allowing traders to adapt it to their specific trading strategies.
KEY FEATURES
Pivot-Based Levels:
This feature calculates support and resistance levels using pivot points, which are derived from the high, low, and close prices of previous trading periods. Pivot points are crucial for forecasting potential market turning points.
Users can customize the pivot calculation by selecting the source type (either 'Close' or 'High/Low') and adjusting the lookback periods for both the left and right sides of the pivot calculation. This flexibility allows traders to adapt the indicator to different market conditions and timeframes.
Volume-Based Levels:
This option focuses on identifying support and resistance levels based on volume data, specifically the Point of Control (POC). The POC represents the price level with the highest traded volume during a specific time period, reflecting a consensus value among market participants.
The indicator includes a rolling POC calculation, allowing traders to dynamically assess areas of significant trading interest that may serve as support or resistance zones.
ADVANTAGES
Customization and Flexibility:
Traders can choose between pivot-based and volume-based levels or use both simultaneously, depending on their analysis needs. This dual approach provides a comprehensive view of market dynamics, accommodating various trading styles.
The indicator offers customizable color settings for support and resistance lines, enhancing chart readability and allowing traders to personalize their visual analysis.
Enhanced Market Insights:
By utilizing pivot points, traders can identify potential reversal or consolidation points, aiding in the prediction of market trends and the establishment of strategic entry and exit points.
Volume-based levels provide insights into market sentiment and participation, highlighting areas of strong support or resistance based on trading volume. This can improve risk management and trade execution by identifying high-probability trading zones.
Importance Scoring:
The indicator calculates the importance of each level based on the number of touches and the duration it holds. This scoring system helps traders assess the strength of support and resistance levels, with thicker lines indicating more significant levels.
This indicator is intended for educational and informational purposes only and should not be considered financial advice. Trading involves significant risk, and you should consult with a financial advisor before making any trading decisions. The performance of this indicator is not guaranteed, and past results do not predict future performance. Use at your own risk.
ICT NWOG/NDOG Gaps [TradingFinder] New Opening Gaps🔵 Introduction
🟣 Understanding ICT Opening Gaps
In the realm of technical analysis, mastering the art of recognizing market behavior and pinpointing key price levels is vital for making sound trading decisions. Among the array of tools available, the concept of opening gaps stands out for its ability to provide crucial insights.
The ICT (Inner Circle Trader) methodology offers a distinctive approach to understanding the importance of New Day Opening Gaps (NDOG), New Week Opening Gaps (NWOG), and New Monthly Opening Gaps (NMOG).
These gaps, representing the price differences between the close of a previous period and the open of the next, serve as key reference points that can greatly impact price movements.
The ICT trading approach highlights these gaps as potential zones of support and resistance. Prices often respond to these areas, either bouncing off or passing through and then retesting them. Within these gaps, significant levels such as the high and low are particularly important.
Additionally, the Event Horizon PD Array (EHPDA) concept, which is an intermediate level calculated from the average of neighboring NWOGs or NDOGs, adds another layer to this analysis.
This guide delves into ICT's New Daily, Weekly, and Monthly Opening Ranges, showing how these gaps can be effectively utilized in trading. By grasping the nuances of these gaps, traders can better forecast market behavior, identify key support and resistance levels, and refine their trading strategies.
🟣 The Gaps
1. New Week Opening Gap (NWOG) : The NWOG is the price gap between Friday's closing price and Sunday's opening price. This gap is particularly crucial for traders who monitor weekly trends. Depending on the direction of the gap, the NWOG often serves as a pivotal support or resistance level.
2. New Day Opening Gap (NDOG) : The NDOG signifies the price difference between the closing price of the previous day and the opening price of the current day. Much like the NWOG, the NDOG is a key reference point for intraday traders.
Prices typically react to these levels, either reversing or continuing through the gap after a retest. NDOGs are instrumental in identifying short-term support and resistance levels, aiding traders in making decisions based on daily price movements.
3. New Monthly Opening Gap (NMOG) : The NMOG represents the gap between the closing price of the previous month and the opening price of the current month.
This gap is especially valuable for traders focusing on long-term trends and macroeconomic factors. As with NWOGs and NDOGs, the NMOG can act as a significant support or resistance level.
🔵 How to Use
Identifying Support and Resistance : Opening gaps often indicate potential zones where prices might reverse or find support/resistance. For example, if a new day opens below the previous day’s close (creating a NDOG), this gap could act as resistance, prompting traders to consider short positions if the price retests this level without breaking through.
Conversely, if the price opens above the previous day’s close, the gap might serve as support, offering a potential entry point for long trades.
Gap Fill Strategy : A popular strategy associated with opening gaps is the "gap fill" approach, where traders anticipate that the price will eventually return to fill the gap.
For instance, if there’s a significant NDOG at market open, a trader might expect the price to retrace back to the previous day’s close, effectively "filling" the gap. This strategy is particularly effective in markets that exhibit mean-reverting behavior.
Combining Gaps with Other Indicators : Traders often enhance their analysis of NDOG, NWOG, and NMOG by integrating other technical indicators. Aligning gap levels with tools such as Fibonacci retracements, moving averages, or existing support and resistance zones can provide additional confirmation for trade entries and exits.
🔵 Setting
Show and Color : You can control the display or non-display of the range as well as the color of the range.
Max Opening Range Update Method : You can control the number of ranges that are updated. If it is "All", all ranges that are not mitigated will be displayed. If "Custom", the ranges will be updated based on the number you specify.
Max Opening Range Update : The number of ranges to update.
🔵 Conclusion
The ICT New Daily, Weekly, and Monthly Opening Ranges provide traders with a systematic approach to understanding market dynamics and identifying critical support and resistance levels.
By analyzing these gaps, traders can gain deeper insights into potential price movements, spot high-probability trade setups, and strengthen their overall trading strategy. Whether you are focused on short-term day trading or long-term market trends, incorporating NDOG, NWOG, and NMOG analysis into your trading plan can be a powerful addition to your toolkit.
Pure Price Action Liquidity Sweeps [LuxAlgo]The Pure Price Action Liquidity Sweeps indicator is a pure price action adaptation of our previously published and highly popular Liquidity-Sweeps script.
Similar to its earlier version, this indicator detects the presence of liquidity sweeps on the user's chart, while also identifying potential areas of support/resistance or entry when liquidity levels are taken. The key difference, however, is that this price action version relies solely on price patterns, eliminating the need for numerical swing length settings.
🔶 USAGE
A Liquidity Sweep occurs when the price breaks through a liquidity level , after which the price returns below/above the liquidity level , forming a wick.
The examples below show a bullish and bearish scenario of "a wick passing through a liquidity level where the price quickly comes back".
Short-term liquidity sweep detection is based on short-term swing levels. Some of these short-term levels, depending on further market developments, may evolve into intermediate-term levels and, in the long run, become long-term levels. Therefore, enabling short-term detection with the script means showing all levels, including minor and temporal ones. Depending on the trader's style, some of these levels may be considered noise. Enabling intermediate and long-term levels can help filter out this noise and provide more significant levels for trading decisions. For further details on how swing levels are identified please refer to the details section.
The Intermediate-term option selection for the same chart as above, filters out minor or noisy levels, providing clearer and more significant levels for traders to observe.
🔶 DETAILS
The swing points detection feature relies exclusively on price action, eliminating the need for numerical user-defined settings.
The first step involves detecting short-term swing points, where a short-term swing high (STH) is identified as a price peak surrounded by lower highs on both sides. Similarly, a short-term swing low is recognized as a price trough surrounded by higher lows on both sides.
Intermediate-term swing and long-term swing points are detected using the same approach but with a slight modification. Instead of directly analyzing price candles, we now utilize the previously detected short-term swing points. For intermediate-term swing points, we rely on short-term swing points, while for long-term swing points, we use the intermediate-term ones.
🔶 SETTINGS
Detection: Period options of the detected swing points.
🔶 RELATED SCRIPTS
Pure-Price-Action-Structures.
Liquidity-Sweeps.
Internal/External Market Structure [UAlgo]The "Internal/External Market Structure " indicator is a tool designed to identify and visualize internal and external market structure based on swing highs and lows. It helps traders understand short-term (internal) and long-term (external) price behavior.
🔶 What are ChoCH and BoS?
Change of Character (ChoCH)
Change of character refers to the reversal of market trend either from bullish to bearish or bearish to bullish. ChoCH is also a break of market structure but in opposite direction.
If market is in bullish trend but it breaks it previous (higher) low and makes a lower low, it will be termed a “bearish change of character” as price changed its trend from bullish to bearish.
Like wise if price is in bearish trend and it breaks its previous (lower) high making a higher high it will be marked as “bullish change of character” as price changed its trend from bearish to bullish.
Break of Structure (BoS)
When price breaks its structure in direction of previous trend its called break of structure (BoS). So its a trend continuation pattern.
As you know in bullish trend price makes higher highs. Each time when price break a previous high and marks a new high its known as bullish break of structure.
But in bearish trend price makes lower lows so every time when price breaks previous low and makes a new low it is called as bearish break of structure.
🔶 Key Features
Internal Swing Length: Allowing for fine-tuning of sensitivity to smaller, more frequent market movements.
External Swing Length: Focusing on capturing broader market trends.
The indicator differentiates between internal and external market structures, using different styles and colors to represent each. Internal structures are shown with solid lines, while external structures use dashed lines, providing clear visual cues.
Internal Market Structure:
The internal market structure focuses on shorter-term swings and is useful for identifying minor trend changes and short-term price movements. Breaks of internal swing highs or lows can indicate potential changes in the market's direction or momentum. The labels "CHoCH" and "BoS" help distinguish between changes in character and break of structure events, respectively.
External Market Structure:
The external market structure captures larger, more significant market moves. It is particularly useful for identifying major trend changes and key support and resistance levels. The dashed lines and corresponding labels "CHoCH+" and "BoS+" indicate more substantial shifts in market sentiment.
For BoS (Break of Structure):
For ChoCH (Change of Character):
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Volumetric Volatility Blocks [UAlgo]The Volumetric Volatility Blocks indicator is designed to identify significant volatility blocks based on price and volume data. It utilizes a combination of the Average True Range (ATR) and Simple Moving Average (SMA) to determine the volatility level and identify periods of heightened market activity. The indicator highlights these volatility blocks, providing traders with visual cues for potential trading opportunities. It differentiates between bullish and bearish volatility by analyzing price movement and volume, offering a nuanced view of market sentiment. This tool is particularly useful for traders looking to capitalize on periods of high volatility and momentum shifts.
🔶 Key Features
Volatility Measurement Length: Controls the period used to calculate the ATR.
Smooth Length of Volatility: Defines the period for the SMA used to smooth the ATR.
Multiplier of SMA: Sets the minimum threshold for the ATR to be considered a "high volatility" block.
Show Last X Volatility Blocks: Determines how many of the most recent volatility blocks are displayed on the chart.
Mitigation Method: Choose between "Close" or "Wick" price to filter volatility blocks based on price action. This helps avoid highlighting blocks broken by the chosen price level.
Volume Info: Displaying the volume associated with each block.
Up/Down Block Color: Sets the color for bullish and bearish volatility blocks.
🔶 Usage
The Volumetric Volatility Blocks indicator visually represents periods of high volatility with blocks on the chart. Green blocks indicate bullish volatility, while red blocks indicate bearish volatility.
Bullish Volatility Blocks: When the ATR surpasses the smoothed ATR multiplied by the set multiplier, and the price closes higher than it opened, a bullish block is formed. These blocks are generally used to identify potential buying opportunities as they indicate upward momentum.
Bearish Volatility Blocks: Conversely, bearish blocks form under the same conditions, but when the price closes lower than it opened. These blocks can signal potential selling opportunities as they highlight downward momentum.
Volume Information: Each block can display volume data, providing insight into the strength of the market movement. The percentage shown on the block indicates the relative volume contribution of that block, helping traders assess the significance of the volatility.
The volume percentages in the Volumetric Volatility Blocks indicator are calculated based on the total volume of the most recent volatility blocks. For each of the most recent volatility blocks, the percentage of the total volume is calculated by dividing the block's volume by the total volume:
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Pure Price Action Order & Breaker Blocks [LuxAlgo]The Pure Price Action Order & Breaker Blocks indicator is a pure price action adaptation of our previously published and highly popular Order-Blocks-Breaker-Blocks script.
Similar to its earlier version, this indicator detects order blocks that can automatically turn into breaker blocks on the chart once mitigated. However, the key difference/uniqueness is that the pure price action version relies solely on price patterns, eliminating the need for length definitions. In other words, it removes the limitation of user-defined inputs, ensuring a robust and objective analysis of market dynamics.
🔶 USAGE
An order block is a significant area on a price chart where there was a notable accumulation or distribution of orders, often identified by a strong price move followed by consolidation. Traders use order blocks to identify potential support or resistance levels.
A mitigated order block refers to an order block that has been invalidated due to subsequent market movements. It may no longer hold the same significance in the current market context. However, when the price mitigates an order block, a breaker block is confirmed. It is possible that the price might trade back to this breaker block, potentially offering a new trading opportunity.
Users can optionally enable the "Historical Polarity Changes" labels within the settings menu to see where breaker blocks might have previously provided effective trade setups.
This feature is most effective when using replay mode. Please note that these labels are subject to backpainting.
🔶 DETAILS
The swing points detection feature relies exclusively on price action, eliminating the need for numerical user-defined settings.
The first step involves detecting short-term swing points, where a short-term swing high (STH) is identified as a price peak surrounded by lower highs on both sides. Similarly, a short-term swing low is recognized as a price trough surrounded by higher lows on both sides.
Intermediate-term swing and long-term swing points are detected using the same approach but with a slight modification. Instead of directly analyzing price candles, we now utilize the previously detected short-term swing points. For intermediate-term swing points, we rely on short-term swing points, while for long-term swing points, we use the intermediate-term ones.
🔶 SETTINGS
Detection: Market structure used to detect swing points for creating order blocks.
Show Last Bullish OB: Number of the most recent bullish order/breaker blocks to display on the chart.
Show Last Bearish OB: Number of the most recent bearish order/breaker blocks to display on the chart.
Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range.
🔹 Style
Show Historical Polarity Changes: Allows users to see labels indicating where a swing high/low previously occurred within a breaker block.
🔶 RELATED SCRIPTS
Pure-Price-Action-Structures.
Order-Blocks-Breaker-Blocks.
Price Action Toolkit Lite [UAlgo]The Price Action Toolkit Lite is a comprehensive indicator designed to enhance your chart analysis with advanced price action tools. This powerful toolkit combines multiple technical analysis concepts to provide traders with a clear visualization of market structure, liquidity levels, order blocks, and trend lines. By integrating these elements, the indicator aims to offer a holistic view of price action, helping traders identify potential entry and exit points, as well as key levels of interest in the market.
🔶 Key Features
Market Structure Analysis: The indicator includes a ZigZag feature to highlight significant market highs and lows, aiding in the visualization of market structure changes and trends.
Liquidity Sweeps Detection: It identifies and displays liquidity sweeps, which are crucial for recognizing potential market reversals and areas of interest where significant price action is likely to occur.
Order Blocks: Automatically detects and draws order blocks, highlighting areas of institutional buying and selling pressure, which can serve as key support and resistance levels.
Trend Lines: The toolkit can draw and extend trend lines based on pivot points, providing a clear view of prevailing market trends and potential breakout points.
Customizable Settings: Users can adjust various settings, including the length of the ZigZag, liquidity detection sensitivity, the number of order blocks to display, and trend line detection parameters, allowing for a tailored analysis experience.
🔶 Disclaimer
The "Price Action Toolkit Lite " is intended for educational and informational purposes only.
It is not financial advice and should not be construed as such. Trading in financial markets involves substantial risk, including the risk of loss.
Past performance is not indicative of future results.
🔷 Similar Scripts
Brooks 18 Bars [KintsugiTrading]Brooks 18 Bars
Overview:
This indicator allows traders to specify a time frame within each trading day and plots lines at the highest and lowest prices recorded during that period. It is particularly useful for identifying key levels of support and resistance within a specified time range.
Features:
User-Defined Time Frame: Traders can input their desired start and end times in a 24-hour format, allowing flexibility to analyze different market sessions.
High and Low Price Levels: The indicator plots lines representing the highest and lowest prices observed within the specified time frame each day.
Clear Visual Representation: The high and low lines are color-coded for easy identification, with the high & low prices in Kintsugi Trading Gold.
How to Use:
Set the Time Frame:
Adjust the "Start Time Hour" and "Start Time Minute" to define the beginning of your desired time frame.
Adjust the "End Time Hour" and "End Time Minute" to define the end of your desired time frame.
Analyze Key Levels:
Al Brooks popularized the following idea and basis for creating this indicator:
On a 5-minute chart, Bar 1 has a 20-30% chance of being the High or Low of the day.
Bar 12 has a 50% chance.
Bar 18 has an 80-90% chance.
Use the plotted lines to identify significant support and resistance levels within your specified time frame. These levels can help inform your trading decisions, such as entry and exit points.
Good luck with your trading!
Pure Price Action Structures [LuxAlgo]The Pure Price Action Structures indicator is a pure price action analysis tool designed to automatically identify real-time market structures.
The indicator identifies short-term, intermediate-term, and long-term swing highs and lows, forming the foundation for real-time detection of shifts and breaks in market structure.
Its distinctive/unique feature lies in its reliance solely on price patterns, without being limited by any user-defined input, ensuring a robust and objective analysis of market dynamics.
🔶 USAGE
Market structure is a crucial aspect of understanding price action. The script automatically identifies real-time market structure, enabling traders to comprehend market trends more easily. It assists traders in recognizing both trend changes and continuations.
Market structures are constructed from three sets of swing points, short-term swings, intermediary swings, and long-term swings. Market structures associated with longer-term swing points are indicative of longer-term trends.
A market structure shift (MSS), also known as a change of character (CHoCH), is a significant event in price action analysis that may signal a potential shift in market sentiment or direction. Conversely, a break of structure (BOS) is another significant event in price action analysis that typically indicates a continuation of the prevailing trend.
However, it's important to note that while an MSS can be the first indication of a trend reversal and a BOS signifies a continuation of the prevailing trend, they do not guarantee a complete reversal or continuation of the trend.
In some cases, MSS and BOS levels may also act as liquidity zones or areas of price consolidation, rather than indicating a definitive change in market direction or continuation. Traders should approach them with caution and consider additional factors to confirm the validity of the signal before making trading decisions.
🔶 DETAILS
🔹 Market Structures
Market structures are based on the analysis of price action and aim to identify key levels and patterns in the market, where swing point detection is one of the core concepts within ICT trading methodologies and teachings.
Swing points are automatically detected solely based on market movements, without any reliance on user-defined input.
🔹 Utilizing Swing Points
Swing points are not identified in real time as they occur. While short-term swing points may be displayed with a delay of at most one bar, the identification of intermediate and long-term swing points depends entirely on market movements. Furthermore, detection is not limited by any user-defined input but relies solely on pure price action. Consequently, swing points are not typically utilized in real-time trading scenarios.
Traders often analyze historical swing points to discern market trends and pinpoint potential entry and exit points for their trades. By identifying swing highs and lows, traders can:
Recognize Trends: Swing highs and lows help traders identify the direction of the trend. Higher swing highs and higher swing lows indicate an uptrend, while lower swing highs and lower swing lows indicate a downtrend.
Identify Support and Resistance Levels: Swing highs often serve as resistance levels, known in ICT terminology as Buyside Liquidity Levels, while swing lows function as support levels, also referred to in ICT terminology as Sellside Liquidity Levels. Traders can utilize these levels to strategize entry and exit points for their trades.
Spot Reversal Patterns: Swing points can form various reversal patterns, such as double tops or bottoms, head and shoulders patterns, and triangles. Recognizing these patterns can signal potential trend reversals, allowing traders to adjust their strategies accordingly.
Set Stop Loss and Take Profit Levels: In the context of ICT teachings, swing levels represent specific price levels where a concentration of buy or sell orders is anticipated. Traders can target these liquidity levels/pools to accumulate or distribute their positions, essentially using swing points to establish stop loss and take profit levels for their trades.
Overall, swing points provide valuable information about market dynamics and can assist traders in making more informed trading decisions.
🔶 SETTINGS
🔹 Structures
Swings and Size: Toggles the visibility of the structure's highs and lows, assigns an icon corresponding to the structures, and controls the size of the icons.
Market Structures: Toggles the visibility of the market structures.
Market Structure Labels: Controls the visibility of labels that highlight the type of market structure.
Line Style and Width: Customizes the style and width of the lines representing the market structure.
Swing and Line Colors: Customizes colors for the icons representing highs and lows, and the lines and labels representing the market structure.
🔶 RELATED SCRIPTS
Market-Structures-(Intrabar).
Buyside-Sellside-Liquidity.
ICT Single Candle Order Block (SCOB) [UAlgo]The "ICT Single Candle Order Block (SCOB) " designed for traders who utilize the concept of Order Blocks in their trading strategy. Order Blocks are significant price levels where institutions or smart money have placed their trades, leading to potential future price reactions when these levels are revisited. This indicator focuses on identifying and highlighting Single Candle Order Blocks (SCOBs), allowing traders to visually analyze key price levels on their charts.
🔶 What is Single Candle Order Block (SCOB) ?
A Single Candle Order Block (SCOB) is a specific type of Order Block that is identified based on a single candlestick pattern. These patterns indicate potential areas where significant buying or selling interest has occurred, often leading to a notable price reaction when revisited. In the context of this indicator, a bullish SCOB is identified when a specific bullish candlestick pattern is met, and a bearish SCOB is identified based on a bearish candlestick pattern.
Bullish SCOB: Detected when the open price of two bars ago is higher than its close, the close price of the previous bar is higher than its open, the current close price is higher than the open, the low of the previous bar is lower than the low of two bars ago, and the current close is higher than the high of the previous bar.
Bearish SCOB: Detected when the open price of two bars ago is lower than its close, the close price of the previous bar is lower than its open, the current close price is lower than the open, the high of the previous bar is higher than the high of two bars ago, and the current close is lower than the low of the previous bar.
🔶 Key Features
Show Single Candle Order Block (SCOB): Toggle the visibility of the Single Candle Order Blocks on the chart.
Mitigation Method: Choose between "Close" and "Wick" methods for determining whether a SCOB has been mitigated (price has interacted with the block).
Show Last X SCOBs: Control the number of most recent SCOBs displayed on the chart, allowing you to focus on the most relevant price levels.
Volatility Filter: Enable or disable the volatility filter, which uses the Average True Range (ATR) to filter out less significant SCOBs. When enabled, only SCOBs with an ATR above the mean value of the ATR are displayed.
Customizable Colors: Configure the colors for bullish and bearish SCOBs to enhance visual clarity. The indicator uses cooler RGB values to ensure the blocks are distinct and easily noticeable.
🔶 Disclaimer
The "ICT Single Candle Order Block (SCOB) " indicator is provided for educational and informational purposes only. Trading involves significant risk and may not be suitable for all investors.
Past performance is not indicative of future results. Users should use this indicator in conjunction with their own research and trading strategy.
ICT Balance Price Range [UAlgo]The "ICT Balance Price Range " indicator identifies and visualizes potential balance price ranges (BPRs) on a price chart. These ranges are indicative of periods where the market exhibits balance between bullish and bearish forces, often preceding significant price movements.
🔶 What is Balanced Price Range (BPR) ?
Balanced Price Range is a concept based on Fair Value Gap. Balanced price range (BPR) is the area on price chart where two opposite fair value gaps overlap.
When price approaches the Balanced Price Range (BPR), we assume that the price will react quickly and strongly here. This is because its the combination of two fair value gaps and being a good point of interest for smart money traders.
🔶 Key Features:
Bars to Consider: Determines the number of bars to evaluate for BPR conditions.
Threshold for BPR: Sets the minimum range required for a valid BPR to be identified.
Remove Old BPR: Option to automatically remove invalidated BPRs from the chart.
Bearish/Bullish Box Color: Customizable colors for visual representation of bearish and bullish BPRs.
🔶 Disclaimer
This indicator is provided for educational and informational purposes only.
It should not be considered as financial advice or a recommendation to buy or sell any financial instrument.
The use of this indicator involves inherent risks, and users should employ their own judgment and conduct their own research before making any trading decisions. Past performance is not indicative of future results.
🔷 Related Scripts
Fair Value Gaps (FVG)
Liquidity Swings [UAlgo]The "Liquidity Swings " indicator is designed to help traders identify liquidity swings within the market. This tool is particularly useful for visualizing areas where liquidity is accumulating and where it is being swept, providing valuable insights for making informed trading decisions. By tracking the pivots in price and associating them with volume, the indicator highlights zones of potential support and resistance, helping traders understand market dynamics more clearly.
🔶 Key Features
Liquidity Swing Sensitivity: Adjustable sensitivity settings to fine-tune the detection of liquidity swings according to market conditions and trader preferences.
Two modes of liquidity calculation:
Cumulative Liquidity: Aggregates unswept liquidity over multiple swings until it is swept, providing a broader view of liquidity accumulation.
Individual Liquidity: Displays the accumulated liquidity for each swing independently, offering a more granular perspective.
Visual Customization: Options to customize the colors and sizes of liquidity lines, areas, and informational text for better visual clarity.
Dynamic Updates: The indicator dynamically updates liquidity zones and labels, adjusting to new market data to keep traders informed in real-time.
🔶 Disclaimer
The "Liquidity Swings " indicator is provided for educational and informational purposes only.
It should not be considered as financial advice or a recommendation to buy or sell any financial instrument.
The use of this indicator involves inherent risks, and users should employ their own judgment and conduct their own research before making any trading decisions. Past performance is not indicative of future results.
🔷 Related Scripts
Liquidity Sweeps
Williams %R Liquidity Sweeps
ICT KillZones Hunt [TradingFinder] 4 Sessions + OB + FVG + Alert🔵 Introduction
🟣 ICT
The "ICT" style is a subset of "Price Action" technical analysis. The primary goal of the ICT trading strategy is to merge "Price Action" with the "Smart Money" concept to pinpoint optimal trade entry points.
However, this approach's strength extends beyond merely finding entry points. It also helps traders gain a deeper understanding of price behavior and adapt their trading strategies to the market structure.
The most important concepts of "ICT" :
Order Block
Fair Value Gap(FVG)
Liquidity
🟣 Session
Financial markets are divided into several time periods, each featuring distinct characteristics and levels of activity. These periods, known as sessions, are active at different times during the day.
The primary active sessions in financial markets include :
Asian Session
European Session
New York Session
Based on the UTC time zone, the schedule for these key sessions is :
Asian Session: 23:00 to 06:00
European Session: 07:00 to 16:30
New York Session: 13:00 to 22:00
Note
To avoid session overlap and minimize interference during kill zones, the session times have been modified as follows :
Asian Session: 23:00 to 06:00
European Session: 07:00 to 14:25
New York Session: 14:30 to 22:55
🟣 KillZone
Kill zones are periods within a session where trader activity spikes. During these times, trading volume surges, and price movements become more pronounced.
The major kill zones, according to the UTC time zone, are as follows :
Asian Kill Zone: 23:00 to 03:55
European Kill Zone: 07:00 to 09:55
New York Morning Kill Zone: 14:30 to 16:55
New York Evening Kill Zone: 19:30 to 20:55
🔵 How to Use
🟣 Order Block
Order blocks are a distinct category of "Supply and Demand" zones, formed when a series of orders are grouped together. These blocks are often created by banks or other significant market participants.
Banks typically execute large orders in blocks during their trading sessions. If they were to enter the market with small quantities, substantial price movements would occur before the orders were fully executed, reducing potential profit.
To mitigate this, they divide their orders into smaller, more manageable positions. Traders should seek "buy" opportunities in "demand order blocks" and "sell" opportunities in "supply order blocks."
🟣 Fair Value Gap (FVG)
To pinpoint the "Fair Value Gap" on the chart, meticulous candle-by-candle analysis is essential. Pay close attention to candles with significant bodies, examining each candle alongside the one preceding it.
The candles flanking this central candle should exhibit elongated shadows, with bodies that do not intersect the body of the central candle. The span between the shadows of the first and third candles is referred to as the FVG range.
Note :
The origin of all Order Blocks and FVGs starts from inside a kill zone and extends up to the end of the same session.
🟣 Kill Zone Hunt
Following this strategy, after the conclusion of the kill zone and the stabilization of its high and low lines, if the price touches either of these lines within the same session and encounters a robust rejection, it presents an opportunity to enter a trade.
🔵 Setting
🟣 Global Setting
Show All Order Block :
If it is turned off, only the last Order Block will be displayed.
Show All FVG :
If it is turned off, only the last FVG will be displayed.
Show More Info Session :
If it is turned on, more information about kill zones (Trade Volume, Time, Number of Candles) will be displayed.
🟣 Logic Parameter
Pivot Period of Order Blocks Detector :
Enter the desired pivot period to identify the Order Block.
Order Block Validity Period (Bar) :
You can specify the maximum time the Order Block remains valid based on the number of candles from the origin.
Mitigation Level Order Block :
Determining the basic level of a block order. When the price hits the basic level, the order block due to mitigation.
🟣 Order Blocks Display
Demand Order Block :
Show or not show and specify color.
Supply order Block :
Show or not show and specify color.
🟣 Order Block Refinement
Refine Demand OB :
Enable or disable the refinement feature. Mode selection.
Refine Supply OB :
Enable or disable the refinement feature. Mode selection.
🟣 FVG
FVG Validity Period (Bar) :
You can specify the maximum time the FVG remains valid based on the number of candles from the origin.
Mitigation Level FVG :
Determining the basic level of a FVG. When the price hits the basic level, the FVG due to mitigation.
Show Demand FVG :
Show or not show and specify color.
Show Supply FVG :
Show or not show and specify color.
FVG Filter :
Enable or disable filtering of FVGs. Select filter mode.
🟣 Session
Show More Info Session Color
Asia Session, London Sesseion, New York am Session & New York pm Session :
Show or not show session and kill zones. Change the display color.
🟣 Alert
Send Alert When Touched Session high & Low :
On / Off
Alert Demand OB Mitigation :
On / Off
Alert Supply OB Mitigation :
On / Off
Alert Demand FVG Mitigation :
On / Off
Alert Supply FVG Mitigation :
On / Off
Message Frequency :
This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone :
The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Display More Info :
Displays information about the price range of the order blocks (Zone Price) and the date, hour, and minute under "Display More Info". If you do not want this information to appear in the received message along with the alert, you should set it to "Off".
Volume Breaker Blocks [UAlgo]The "Volume Breaker Blocks " indicator is designed to identify breaker blocks in the market based on volume and price action. It is a concept that emerges when an order block fails, leading to a change in market structure. It signifies a pivotal point where the market shifts direction, offering traders opportunities to enter trades based on anticipated trend continuation.
🔶 Key Features
Identifying Breaker Blocks: The indicator identifies breaker blocks by detecting pivot points in price action and corresponding volume spikes.
Breaker Block Sensitivity: Traders can adjust breaker block detection sensitivity, length to be used to find pivot points.
Mitigation Method (Close or Wick): Traders can choose between "Close" and "Wick" as the mitigation method. This choice determines whether the indicator considers closing prices or wicks in identifying breaker blocks. Selecting "Close" implies that breaker blocks will be considered broken when the closing price violates the block, while selecting "Wick" implies that the wick of the candle must violate the block for it to be considered broken.
Show Last X Breaker Blocks: Users can specify how many of the most recent breaker blocks to display on the chart.
Visualization: Volume breaker blocks are visually represented on the chart with customizable colors and text labels, allowing for easy interpretation of market conditions. Each breaker block is accompanied by informational text, including whether it's bullish or bearish and the corresponding volume, aiding traders in understanding the significance of each block.
🔶 Disclaimer
Educational Purpose: The "Volume Breaker Blocks " indicator is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to engage in trading activities.
Risk of Loss: Trading in financial markets involves inherent risks, including the risk of loss of capital. Users should carefully consider their financial situation, risk tolerance, and investment objectives before engaging in trading activities.
Accuracy Not Guaranteed: While the indicator aims to identify potential reversal points in the market, its accuracy and effectiveness may vary. Users should conduct thorough testing and analysis before relying solely on the indicator for trading decisions.
Past Performance: Past performance is not indicative of future results. Historical data and backtesting results may not accurately reflect actual market conditions or future performance.
Century Levels [UkutaLabs]█ OVERVIEW
The Century Levels Indicator provides real-time insight into key price levels within the market that can serve as powerful support and resistance levels. These levels are updated automatically in real time to display only the most relevant levels to the current price, facilitating your trading experience.
The aim of this script is to simplify the trading experience of users by automatically identifying and displaying price levels that they should be aware of.
█ USAGE
On each tick, the nearest key price level is automatically identified by the script. The script will identify this level based on the price of the commodity you are applying it to:
• Commodities priced at $0 to $999.99 will identify the nearest whole dollar.
• Commodities priced at $1'000 to $9'999.99 will identify the nearest $10.
• Commodities priced at $10'000 to $99'999.99 will identify the nearest $100.
• Commodities priced over $1'000'000 will identify the nearest $1000.
We refer to this rounding price as the gap price, and it is also used to determine the prices of the other lines drawn by this script.
After identifying the nearest key price level, the script then incrementally draws lines on either side of this level at an interval of the gap price. We refer to these as the Major Lines, and the user can control the number of these lines that get drawn, the style of these lines, and they can be disabled in the settings.
The script then draws lines at the half-way point between each of these Major Lines, and we refer to these as the Minor Lines. Like the Major Lines, the user has full control over the number of these lines that can be drawn, the style of these lines, and they can be disabled in the settings.
█ SETTINGS
Configuration
• Number of Lines: Determines the number of lines that are drawn on either side of the key price line. This controls both the number of Major Lines and Minor Lines.
Line Settings
• Major Lines: Determines whether or not the Major Lines will be displayed.
- Color: Determines the color of Major Lines.
- Style: Determines the style of Major Lines.
- Width: Determines the width of Major Lines
• Minor Lines: Determines whether or not the Minor Lines will be displayed.
- Color: Determines the color of Minor Lines
- Style: Determines the style of Minor Lines
- Width: Determines the width of Minor Lines
Mxwll Price Action Suite [Mxwll]Introducing the Mxwll Price Action Suite!
The Mxwll Price Action Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Introducing the Mxwll SMC Suite!
The Mxwll SMC Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Expanded Features of Mxwll Price Action Suite
Internal and External Structures
Internal Structures: These elements refer to the price formations and patterns that occur within a smaller scope or a specific trading session. The suite can detect intricate details like minor support/resistance levels or short-term trend reversals.
External Structures: These involve larger, more significant market patterns and trends spanning multiple sessions or time frames. This capability helps traders understand overarching market directions.
Customizable Sensitivities
Adjusting sensitivity settings allows users to tailor the indicator's responsiveness to market changes. Higher sensitivity can catch smaller fluctuations, while lower sensitivity might focus on more significant, reliable market moves.
Break of Structure (BoS) and Change of Character (CHoCH)
BoS: This feature identifies points where the price breaks a significant structure, potentially indicating a new trend or a trend reversal.
CHoCH: Detects subtle shifts in the market's behavior, which could suggest the early stages of a trend change before they become apparent to the broader market.
Order Blocks and Market Phases
Order Blocks: These are essentially price levels or zones where significant trading activities previously occurred, likely pointing to the positions of smart money.
HH/LH/LL/LH Areas: Identifying Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Lower Highs (LH) helps in understanding the trend and market structure, aiding in predictive analysis.
Rolling Timeframe Highs/Lows and Volume Comparisons
Tracks highs and lows over specified rolling periods, providing dynamic support and resistance levels.
Compares volume data across different timeframes to assess the strength or weakness of the current price movements.
Auto Fibonacci Levels
Automatically calculates and plots Fibonacci retracement levels, a popular tool among traders to identify potential reversal points based on past movements.
Session Data and Volume Intensity
Session Information: Displays current and upcoming trading sessions along with countdown timers, which is crucial for day traders and those trading on session overlaps.
Volume Intensity: Measures and compares the volume within the last 4 hours and 24 hours to gauge market activity and potential breakout/breakdown movements.
Visualizations and Practical Use
Dynamic Visuals: The suite provides dynamic visual aids, such as real-time updating of high/low markers and Fibonacci levels, which adjust as new data comes in. This feature is critical in fast-paced markets.
Strategic Entry/Exit Points: By identifying order blocks and using Fibonacci levels, traders can pinpoint strategic entry and exit points, maximizing potential returns.
Risk Management: Enhanced features like session countdowns and volume intensity help in better risk management by providing traders with more data on market sentiment and potential volatility.
Lin Reg (Linear Regression) Support and Resistance by xxMargauxLin Reg (Linear Regression) Support & Resistance by xxMargaux 💸
This indicator plots three linear regression lines (Lin Reg) on the price chart, providing insights into potential support and resistance levels. It calculates Lin Reg lines based on user-defined lengths and sources.
This indicator's settings were initially configured for MNQ1! (E-Mini Nasdaq 100 futures contracts). But works as intended on any security and on any timeframe.
When price is below a given Lin Reg line, that line will be red and may serve as resistance as price moves up towards the line. That is, it may be a potential short entry opportunity. When price is above a given Lin Reg line, that line will be green and may serve as support as price continues up from the line. That is, it may be a potential long entry opportunity.
When price starts to break sideways or down through the Lin Reg lines, this may signal a reversal from uptrend to downtrend. When price starts to break sideways or up through the Lin Reg Lines, this may signal a reversal from downtrend to uptrend. In very strong trends, breaking through the lines briefly may provide an entry opportunity, but be cautious because a trend reversal may also be possible.
Inputs:
Length of Price Lin Reg Lines: Customize the lengths of the three Lin Reg lines.
Source for Price Lin Reg Lines: Choose the source for each Lin Reg line.
Source for Security Price: Select the price source for the security.
Features:
Trend Analysis: Assists in visualizing price trends based on the relationship between the security price and Lin Reg lines, which will be colored according to whether price is above or below each Lin Reg line.
Customizable Colors: When price is above a Lin Reg line that line will be green. When price is below a Lin Reg line, that line will be red.
Here's a beginner-friendly explanation of linear regression lines 💡
Best-Fit Line: Imagine you have a scatter plot of closing prices on a chart. Linear regression aims to find the straight line that best fits the overall trend of these data points. It's like drawing a line through the center of the data that minimizes the distance between the line and each data point.
Trend Identification: Once the linear regression line is plotted on a price chart, it provides a visual representation of the trend. If the price is generally rising, the linear regression line will slope upwards. If the price is falling, the line will slope downwards. This helps traders identify whether the trend is bullish (upward) or bearish (downward).
Support and Resistance: Linear regression lines can also act as dynamic support and resistance levels. When the price is above the linear regression line, it may act as support, meaning the price tends to bounce off the line and continue higher. Conversely, when the price is below the line, it may act as resistance, with the price encountering selling pressure and potentially reversing lower.
Reversal Signals: Changes in the slope or direction of the linear regression line can signal potential trend reversals. For example, if the price breaks above a downward-sloping linear regression line, it may indicate a shift from a downtrend to an uptrend, and vice versa.
Adjustable Parameters: Traders can customize the length of the linear regression line by adjusting the period over which it's calculated. Shorter periods may be more sensitive to recent price changes, while longer periods may provide a smoother trend line.
Three Drive [TradingFinder] 3 Drive Harmonic Pattern Indicator🔵 Introduction
The "Three Drive" pattern is one of the light "RTM" setups suitable for identifying price trend reversals. For this reason, this pattern is considered one of the "Reversal Patterns."
🟣 Bullish 3 Drive
At a price bottom, a formation occurs where the negative trend appears to continue, and lower lows are made.
However, the second low penetrates the range of the first low, and the third low penetrates the range of the second low, indicating a decrease in selling pressure and an increase in buying pressure.
Entry point is issued after the penetration of the third low to the second low, and targets are the highs formed in the "3 Drive."
🟣 Bearish 3 Drive
At a price top, a formation occurs where the positive trend appears to continue, and higher highs are made.
However, the second high penetrates the range of the first high, and the third high penetrates the range of the second high, indicating a decrease in buyers' strength and an increase in sellers' strength.
Entry point is issued after the penetration of the third high to the second high, and targets are the lows formed in the "3 Drive."
Importance :
This pattern bears a striking resemblance to the some of "Harmonic Pattern" and "Ending Diagonal" in the "Elliott Pattern".
🔵 How to Use
There is no need for further confirmation to use this pattern, and you can use it as soon as the pattern forms. However, to reduce errors, it is better to use this pattern when it forms within a "Supply and Demand" or "Support and Resistance" structure.
Bullish 3 Drive in Demand Zone :
Bearish 3 Drive in Supply Zone :
🔵 Settings
You can set your desired "Pivot Period" via settings for the indicator to identify setups based on it.
Price Action Fractal Forecasts [AlgoAlpha]🔮 Price Action Fractal Forecasts - Unleash the Power of Historical Patterns! 🌌✨
Dive into the future with AlgoAlpha's Price Action Fractal Forecasts ! This innovative indicator utilizes the mesmerizing complexity of fractals to predict future price movements, offering traders a unique edge in the market. By analyzing historical price action and identifying repeating patterns, this tool forecasts future price trends, providing visually engaging and actionable insights.
Key Features:
🔄 Flexible Data Series Selection: Choose your preferred data series for precise analysis.
🕰 Flexible Training and Reference Data Windows: Customize the length of training data and reference periods to match your trading style.
📈 Custom Forecast Length: Adjust the forecast horizon to suit your strategic objectives.
🌈 Customizable Visual Elements: Tailor the colors of forecast deviation cones, data reference areas, and more for optimal chart readability.
🔄 Anticipatory and Repetitive Forecast Modes: Select between anticipating future trends or identifying repetitive patterns for forecasts.
🔎 Enhanced Similarity Search: Leverages correlation metrics to find the most similar historical data segments.
📊 Forecast Deviation Cone: Visualize potential price range deviations with adjustable multipliers.
🚀 Quick Guide to Maximizing Your Trading with Price Action Fractal Forecasts:
🛠 Add the Indicator: Search for "Price Action Fractal Forecasts" in TradingView's Indicators & Strategies. Customize settings according to your trading strategy.
📊 Strategic Forecasting: Monitor the forecast deviation cone and forecast directional changes for insights into potential future price movements.
🔔 Alerts for Swift Action: Set up notifications based on forecast changes to stay ahead of market movements without constant monitoring.
Behind the Magic: How It Works
The core of the Price Action Fractal Forecasts lies in its ability to compare current market behavior with historical data to unearth similar patterns. It first establishes a training data window to analyze historical prices. Within this window, it then defines a reference length to identify the most recent price action that will serve as the basis for comparison. The indicator searches through the historical data within the training window to find segments that closely match the recent price action in the reference period.
Depending on whether you choose the anticipatory or repetitive forecast mode, the indicator either looks ahead to predict future prices based on past outcomes following similar patterns or focuses on the repeating patterns within the reference period itself for forecasts. The forecast's direction can be configured to reflect the mean average of forecasted prices or the end-point relative to the start-point of the forecast, offering flexibility in how forecasts are interpreted.
To enhance the comprehensiveness and visualization, the indicator features a forecast deviation cone. This cone represents the potential range of price movements, providing a visual cue for volatility and uncertainty in the forecasted prices. The intensity of this cone can be adjusted to suit individual preferences, offering a visual guide to the level of risk and uncertainty associated with the forecasted price path.
Embrace the fractal magic of markets with AlgoAlpha's Price Action Fractal Forecasts and transform your trading today! 🌟🚀
Smart Money Setup 02 [TradingFinder] Mitigated Major OB Proof🔵 Introduction
"Smart money" is money invested by knowledgeable individuals at the right time, and this investment can yield the highest returns.
The concept we focus on in this indicator is whether the market is in an uptrend or downtrend. The market briefly takes a weak and reversal trend with "Minor BoS" without being able to break the major pivot.
In the next step, it returns to its main trend with a strong bullish move and continues its trend with a "Major BoS". The "order block" behind this rapid and powerful movement can be a valid order block for trading.
To better understand this setup, please refer to the explanations in the two images below.
Bullish Setup Details :
Bearish Setup Details :
🔵 How to Use
After adding the indicator to the chart, you should wait for trading opportunities to form. By changing the "Time Frame" and "Period Pivot", you can see different trading positions. In general, the lower the "Time Frame" and "Period Pivot", the higher the likelihood of forming trading opportunities.
Bullish Setup Details on Chart :
Bearish Setup Details on Chart :
You can access "Period Pivot" via settings as an input.
ICT Concept [TradingFinder] Order Block | FVG | Liquidity Sweeps🔵 Introduction
The "ICT" style is one of the subsets of "Price Action" technical analysis. ICT is a method created by "Michael Huddleston", a professional forex trader and experienced mentor. The acronym ICT stands for "Inner Circle Trader".
The main objective of the ICT trading strategy is to combine "Price Action" and the concept of "Smart Money" to identify optimal entry points into trades. However, finding suitable entry points is not the only strength of this approach. With the ICT style, traders can better understand price behavior and adapt their trading approach to market structure accordingly.
Numerous concepts are discussed in this style, but the key practical concepts for trading in financial markets include "Order Block," "Liquidity," and "FVG".
🔵 How to Use
🟣Order Block
Order blocks are a specific type of "Supply and Demand" zones formed when a series of orders are placed in a block. These orders could be created by banks or other major players. Banks typically execute large orders in blocks during their trading sessions. If they were to enter the market directly with a small quantity, significant price movements would occur before the orders are fully executed, resulting in less profit. To avoid this, they divide their orders into smaller, manageable positions. Traders should look for "buy" opportunities in "demand order blocks" areas and "sell" opportunities in "supply order blocks".
🟣Liquidity
These levels are where traders aim to exit their trades. "Market Makers" or smart money usually collects or distributes their trading positions near levels where many retail traders have placed their "Stop Loss" orders. When the liquidity resulting from these losses is collected, the price often reverses direction.
A "Stop Hunt" is a move designed to neutralize liquidity generated by triggered stop losses. Banks often use significant news events to trigger stop hunts and acquire the liquidity released in the market. If, for example, they intend to execute heavy buy orders, they encourage others to sell through stop hunts.
As a result, if there is liquidity in the market before reaching the order block region, the credibility of that order block is higher. Conversely, if liquidity is near the order block, meaning the price reaches the order block before reaching the liquidity area, the credibility of that order block is lower.
🟣FVG (Fair Value Gap)
To identify the "Fair Value Gap" on the chart, one must analyze candle by candle. Focus on candles with large bodies, examining one candle and the one before it. The candles before and after this central candle should have long shadows, and their bodies should not overlap with the body of the central candle. The distance between the shadows of the first and third candles is called the FVG range.
These zone function in two ways :
•Supply and Demand zone: In this case, the price reacts to these zone, and its trend reverses.
•Liquidity zone: In this scenario, the price "fills" the zone and then reaches the order block.
Important Note: In most cases, FVG zone with very small width act as supply and demand zone, while zone with a significant width act as liquidity zone, absorbing the price.
🔵 Setting
🟣Order Block
Refine Order Block : When the option for refining order blocks is Off, the supply and demand zones encompass the entire length of the order block (from Low to High) in their standard state and remain unaltered. On the option for refining order blocks triggers the improvement of supply and demand zones using the error correction algorithm.
Refine Type : The enhancement of order blocks via the error correction algorithm can be executed through two methods: Defensive and Aggressive. In the Aggressive approach, the widest possible range is taken into account for order blocks.
Show High Levels : If major high levels are to be displayed, set the option for showing high level to Yes.
Show Low Levels : If major low levels are to be displayed, set the option for showing low level to Yes.
Show Last Support : If showing the last support is desired, set the option for showing last support to Yes.
Show Last Resistance : If showing the last resistance is desired, set the option for showing last resistance to Yes.
🟣 FVG
FVG Filter : When FVG filtering is activated, the number of FVG areas undergoes filtration based on the specified algorithm.
FVG Filter Types :
1. Very Aggressive : Apart from the initial condition, an additional condition is introduced. For an upward FVG, the maximum price of the last candle should exceed the maximum price of the middle candle. Similarly, for a downward FVG, the minimum price of the last candle should be lower than the minimum price of the middle candle. This mode eliminates a minimal number of FVGs.
2. Aggressive : In addition to the conditions of the Very Aggressive mode, this mode considers the size of the middle candle; it should not be small. Consequently, a larger number of FVGs are eliminated in this mode.
3. Defensive : Alongside the conditions of the Very Aggressive mode, this mode takes into account the size of the middle candle, which should be relatively large with the majority of it comprising the body. Furthermore, to identify upward FVGs, the second and third candles must be positive, whereas for downward FVGs, the second and third candles must be negative. This mode filters out a considerable number of FVGs, retaining only those of suitable quality.
4. Very Defensive : In addition to the conditions of the Defensive mode, the first and third candles should not be very small-bodied doji candles. This mode filters out the majority of FVGs, leaving only the highest quality ones. Show Demand FVG: Enables the display of demand-related boxes, which can be toggled between off and on. Show Supply FVG: Enables the display of supply-related boxes along the path, which can also be toggled between off and on.
🟣 Liquidity
Statics Liquidity Line Sensitivity : A value ranging from 0 to 0.4. Increasing this value reduces the sensitivity of the "Statics Liquidity Line Detection" function and increases the number of identified lines. The default value is 0.3.
Dynamics Liquidity Line Sensitivity : A value ranging from 0.4 to 1.95. Increasing this value enhances the sensitivity of the "Dynamics Liquidity Line Detection" function and decreases the number of identified lines. The default value is 1.
Statics Period Pivot : Default value is set to 8. By adjusting this value, you can specify the period for static liquidity line pivots.
Dynamics Period Pivot : Default value is set to 3. By adjusting this value, you can specify the period for dynamic liquidity line pivots.
You can activate or deactivate liquidity lines as necessary using the buttons labeled "Show Statics High Liquidity Line," "Show Statics Low Liquidity Line," "Show Dynamics High Liquidity Line," and "Show Dynamics Low Liquidity Line".
