Radi IQ [TradingIQ]Introducing "Radi IQ".
Radi IQ is a comprehensive market structure indicator designed to provide traders with a detailed view of key price levels and market behavior. It combines several analytical methods—including internal and external structure analysis, fair value gaps, order blocks, breaker blocks, rejection blocks, premium discount zones, equal levels, directional liquidity grabs, and trend meters —to help users better understand areas of support and resistance, potential turning points, and liquidity events in the market.
Key Components and Their Functions
Market Structure Analysis
Internal and External Structure : The indicator evaluates market structure on two levels. The internal analysis focuses on immediate price action (e.g., recent support/resistance and swing points), while the external analysis uses a higher timeframe to provide context. This dual approach helps to confirm the strength of key levels by comparing short-term moves with the broader market trend.
Break of Structure (BoS) and Change of Character (CHoCH) : These signals highlight moments when the market shifts its behavior. A BoS indicates that a previous level of support or resistance has been overcome, while a CHoCH signals a change in the market’s character. Both are marked clearly on the chart using distinct color codes.
Break of Structure + (BoS+) and Change of Character + (CHoCH+) : These signals highlight moments when the market shifts its behavior and is confirmed by prior price action. A BoS + indicates that a previous level of support or resistance has been overcome, while price action achieves higher highs and higher lows (resistance break) or lower highs and lower lows (support break). CHoCH + signals a change in the market’s character when supported by prior price action - lower highs for a support break and higher lows for a resistance break.
BoS and CHoCH
The image above shows BoS and CHoCH identified on the price chart, and explains what each signifies.
A Break Of Structure (BoS) occurs when price decisively moves beyond a previously established support or resistance level. It indicates that the current trend or market pattern is being challenged, and the market may be ready to change direction.
A Change of Character (CHoCH) describes a shift in how the market behaves. A CHoCH occurs when, in an uptrend, a previously established support level breaks, or in a downtrend, a previously established resistance level breaks.
This break indicates that the market's typical structure is shifting, suggesting that the current trend may be losing its strength and that a reversal or a new trend could be developing.
CHoCH+
The image above explains CHoCH+ and how it forms, while highlighting an instance where a downside CHoCH+ formed following lower highs.
A Change of Character + (CHoCH+) describes a shift in how the market behaves that is supported by prior price action. For support breaks, price must form lower highs before breaking support.
The image above explains CHoCH+ for resistance breaks, while highlighting an instance where a resistance point broke that was supported by prior price action.
BoS+
The image above explains BoS+ and how it forms, while highlighting an instance where an upside BoS+ formed following higher highs and higher lows.
A BoS+ resistance break requires higher highs and higher lows prior to the resistance point being closed over.
The image above explains BoS+ support break, while highlighting an instance where a downside BoS+ formed following lower highs and lower lows.
A BoS+ support break requires lower highs and lower lows prior to the support point being closed under.
Future BoS and CHoCH
Radi IQ also displays where the next BoS and CHoCH points are located.
The image above shows the feature in action. With this, traders will always know where the next key support/resistance breakpoints are before they actually occur.
Fair Value Gaps (FVG)
The indicator identifies gaps in the price where little or no trading occurred—known as fair value gaps. These gaps can act as temporary support or resistance and may indicate areas where the market is likely to correct. FVGs are displayed with clear color gradients that differentiate between upward and downward gaps.
The image above shows an identified upside FVG. In the image, the identified upside FVG acted as a support point for price.
The image above shows an identified downside FVG. In the image, the identified downside FVG acted as a resistance point for price.
Low Volume FVG
In addition to identifying trading FVGs - Radi IQ can also specifically detect low volume fair value gaps. Ideally, these fair value gaps will form inside a low volume node on a volume profile.
Low volume node FVGs are important because these are areas where very little trading occurred and is confirmable, indicating an imbalance in supply and demand. Since few trades took place there, the market often moves quickly through these zones when revisited, which can lead to rapid price changes. This "gap" in trading activity can serve as a signal for potential reversals or fast moves, offering opportunities to enter or exit positions based on expected market behavior.
The image above shows identified FVGs that formed on low volume.
Large Area FVGs
Radi IQ is also capable of filtering out “inconsequential” FVGs. With this, Radi IQ can be enabled to only mark FVGs that cover a wide price range.
The image above shows the feature enabled, and all identified FVGs formed with a wide price range.
Large Area FVGs and Low Volume FVGs Combined
Traders can also enable Radi IQ to only mark FVGs that form on low volume and have a wide price range - allowing traders to only identify the highest quality FVGs on the chart.
Order Blocks and Premium Discount Zones
Order Blocks: Radi IQ detects areas where large orders have previously been placed by institutional traders. These blocks can act as strong levels of support or resistance, and the indicator marks bullish and bearish order blocks with dedicated colors.
What is an order block?
Order blocks are clusters of orders that institutions have executed to enter or exit a market position. They typically form when there is a period of consolidation before a significant move. For example, the last bullish candle before a strong down move may indicate a supply order block, while the last bearish candle before a sharp rally might be considered a demand order block.
Why They Form:
Institutions don’t trade in small, sporadic amounts; they accumulate or distribute large volumes of an asset. To avoid slippage and minimize market impact, they execute these orders over a zone rather than at a single price point. This creates a recognizable “block” on the chart.
Order Block Identification Types
Strength Score
The “Strength Score” order block detection mode is a TradingIQ proprietary ranking system for identified order blocks.
Purpose
The purpose of the “Strength Score” ranking system is to determine the “strength” or significance of an order block and rate the zone’s likelihood to act as support/resistance when retested in the future.
The scoring system ranks from 0 - 10, with “0” indicating a “weak” score or low likelihood of acting as a key support/resistance level when retested in the future.
A rating of “5” indicates a “moderate” score, indicating that the order block has a moderate likelihood of acting as a key support/resistance level when retested in the future.
A rating of “10” indicates a “strong” score, indicating that the order block has a strong likelihood of acting as a key support/resistance level when retested in the future.
How It Works
The score is calculated by examining the price move following the formation of an order block. The stronger the price move after an order block forms - the higher the Strength Score.
The image above shows a bearish order block with a score of “5” identified on the chart. The order block successfully operates as a resistance point when retested.
The image above shows a bullish order block with a score of “5” identified on the chart. The order block successfully operates as a resistance point when retested.
Volume-Based
The volume-based order block detection method detects traditional order blocks, but goes one step further by identifying the highest concentration point of volume for the bar and drawing the order block around this concentration point.
Key features when using the volume-based order block detection method:
The top of the order block is anchored to the top of the highest volume concentration point of the bar
The bottom of the order block is anchored to the bottom of the highest volume concentration point of the bar
The total volume that went into creation of the order block is displayed on the chart
The total volume of the order block is recorded as a percentage relative to the total volume for all order blocks on the chart
The image above shows the detection method in action.
Breaker Blocks
A breaker block is a specific type of order block that gains significance when price breaks through it and then often retests the level as a new area of support or resistance. Essentially, it’s a zone where, after the initial break, the previous level (which once acted as strong support or resistance) flips roles. For example, in an uptrend, if the price falls below a key support level, that level can become a breaker block and act as resistance if the price tries to move back up. Conversely, in a downtrend, a broken resistance level can serve as new support. Traders monitor breaker blocks because they often mark a shift in market sentiment and can provide potential entry or exit points once the market re-engages with these levels.
The image above shows a breaker block above price acting as resistance.
The image above shows a breaker block below price acting as support.
Rejection Blocks
A rejection block is a price area where the market shows a strong unwillingness to move beyond a certain level. This typically happens when price approaches a specific level but then is quickly rejected, leading to a bounce in the opposite direction. In other words, a rejection block forms when traders' orders create a barrier, causing the price to reverse rather than break through. Traders watch these areas closely, as they often signal a strong concentration of supply or demand that could provide potential entry or exit points for trades.
The image above shows both a verified upside rejection block acting as resistance, and an untested downside rejection block.
Rejection blocks are expected to function as strong support/resistance points when retested in the future.
Premium Discount Zones
Premium Discount Zones : These zones reflect areas where price is trading above (premium) or below (discount) a fair value range. They help traders gauge whether the current market price is relatively high or low compared to historical averages.
Premium Discount Zones account for recent swing highs and lows to calculate a fair value along with discount and premium prices over an intermediate time window.
The image above shows the premium and discount price zones in action.
Equal Levels
The indicator also tracks and highlights equal levels, which occur when the market repeatedly tests the same price levels. Equal levels can reinforce the significance of a support or resistance area and are represented by their own set of color markers.
The image above shows Radi IQ distinguishing equal highs and equal lows.
Equal Highs
When you see two or more highs that are approximately the same, it suggests that the market is repeatedly rejecting attempts to push higher. This signals a strong resistance level where sellers (or stop-hunters) are active.
Equal Lows
Similarly, consecutive lows at the same level indicate strong support, where buyers step in consistently, preventing further decline.
Strong Highs and Lows
Strong High
A strong high is a price level where the market repeatedly fails to push higher. Typically, it’s characterized by:
Rejection: Price approaches the high but then reverses sharply, often leaving long upper wicks on the candlestick chart.
Consolidation: Multiple bars might show highs that are very close in value (often termed "equal highs"), indicating a well-established resistance zone.
Market Sentiment: This pattern suggests that sellers are actively defending that level, preventing further upward movement.
Strong Lows
Conversely, a strong low is a price level where the market repeatedly fails to break lower. It is identified by:
Bounce Back: Price touches the low and then rebounds sharply, often leaving long lower wicks.
Consistency: Multiple lows occur around the same level (sometimes referred to as "equal lows"), marking a solid support area.
Market Sentiment: This indicates that buyers are stepping in at that level, absorbing selling pressure and supporting the price.
The image above shows Radi IQ detecting both a strong high and strong low, while the detected strong low acts as support when retested.
Liquidity Grabs
Liquidity grabs occur when the market temporarily moves to absorb liquidity, often triggering stop-loss orders and leading to rapid price movements. Radi IQ flags these events by identifying conditions where price moves against recent pivots, helping traders spot potential liquidity-related reversals or breakouts.
The image above shows Radi IQ identifying both an upside liquidity grab and a downside liquidity grab.
Upside Liquidity Grab (Bearish)
An upside liquidity grab happens when the price moves above a well-known resistance area or recent high. This move is often short-lived.
Many traders place stop-loss orders or pending buy orders just above resistance levels. Institutional players may intentionally push price upward to trigger these orders, thereby “grabbing” the liquidity available at that level.
Downside Liquidity Grab (Bullish)
A downside liquidity grab is the mirror image: the price briefly dips below a key support level or recent low.
Traders often place stop-loss orders or pending sell orders just below support levels. An intentional drop below this support can trigger these stops, allowing institutional players to capture liquidity.
Multi-Timeframe Analysis and Swings
By using data from different timeframes, Radi IQ offers a broader perspective on market trends. It highlights significant swing highs and swing lows, providing visual cues that indicate the market’s directional bias. This feature assists traders in identifying both short-term opportunities and long-term trends.
The image above shows Radi IQ detecting higher swings and lower swings.
IQ Meters / Fibometer
IQ Meters (Fibometers) are a proprietary TradingIQ tool that allows traders to easily identify the highs and lows of the current trend and where current price is relative to these points.
The image above depicts the IQ Meters—an exclusive TradingIQ tool designed to help traders evaluate trend strength and retracement opportunities.
When the lower timeframe Zig Zag IQ and the higher timeframe Zig Zag IQ are out of sync (i.e., one is uptrending while the other is downtrending, with no active positions), the meters display a neutral color as shown in the image.
The key to using these meters is to identify trend unison and pinpoint key trend retracement entry opportunities. Fibonacci retracement levels for the current trend are interlaced along each meter, and the current price is converted to a retracement ratio of the trend.
These meters can mathematically determine where price stands relative to the larger and smaller trends, aiding in identifying entry opportunities.
The top of each meter indicates the highest price achieved during the current price move.
The bottom of each meter indicates the lowest price achieved during the current price move.
When both the larger and smaller trends are in sync and uptrending, or when a long position is active, the IQ meters turn green, indicating uptrend strength.
When both meters are green, it indicates uptrend strength as both the higher timeframe trend and lower timeframe trend are in unison. Look for price to retrace to key fibonacci retracement levels during this time period.
When both trends are in sync and downtrending, or when a short position is active, the IQ meters turn red, indicating downtrend strength.
When both meters are red, it indicates downtrend strength as both the higher timeframe trend and lower timeframe trend are in unison. Look for price to retrace to key fibonacci retracement levels during this time period.
Summary
Radi IQ serves as a robust, data-driven tool for traders who seek a deeper understanding of market structure. By integrating internal and external analysis, fair value gap detection, order block identification, premium discount zoning, equal level tracking, liquidity grabs and much more into one indicator, it offers a multi-layered view of the market. This helps traders not only recognize potential turning points and areas of market stress but also manage risk more effectively and plan their trades with greater precision. The indicator’s clear visual representation and dynamic updates make it a practical addition to any trader’s toolkit.
Priceactionanalysis
CPR BEAST with Previous Day High/Low, SMA, EMA, VWAP by MRS*Indicator Name:
**CPR BEAST with EMAs, VWAP & Previous Day High/Low by Rajasekhar Muvvala**
Description:
This powerful indicator combines **Central Pivot Range (CPR)**, **Daily/Weekly/Monthly Pivot Points**, **Moving Averages (SMA, EMA, 200-Day EMA)**, **Volume Weighted Average Price (VWAP)**, and **Previous Day High/Low** into a single, easy-to-use tool for traders. It is designed to help traders identify key support and resistance levels, trends, and potential reversal zones across multiple timeframes.
Key Features:
1. Central Pivot Range (CPR):
- CPR is calculated based on daily pivot points and includes three lines: "Central Pivot (CP)", "Bottom Central Pivot (BC)", and "Top Central Pivot (TC)".
- Enabled by default but can be toggled off from the settings.
- Customizable colors for all three lines.
2. Daily Pivot Points:
- Includes **Support (S1, S2, S3)** and **Resistance (R1, R2, R3)** levels.
- Levels 1 and 2 (S1/R1, S2/R2) are enabled by default, while Level 3 (S3/R3) can be optionally displayed.
- Resistance lines are red, and Support lines are green by default (colors customizable).
3. Weekly and Monthly Pivot Points:
- Weekly and Monthly pivots include **Pivot**, **Support (S1, S2, S3)**, and **Resistance (R1, R2, R3)** levels.
- Weekly levels are displayed as crossed (`+`) lines, while Monthly levels are displayed as circled (`o`) lines for better visual distinction.
- All weekly and monthly levels are optional and can be toggled on/off.
4. Moving Averages:
- Includes **Simple Moving Average (SMA)**, **Exponential Moving Average (EMA)**, and **200-Day EMA**.
- Customizable lengths and colors for each moving average.
- Helps identify trends and potential entry/exit points.
5. Volume Weighted Average Price (VWAP):
- Displays VWAP for intraday trading.
- Can be toggled on/off and customized for color.
6. Previous Day High/Low:
- Highlights the "Previous Day High" and "Previous Day Low" on the chart.
- Useful for identifying breakout or reversal zones.
- Customizable colors for both high and low levels.
7. Visibility Settings:
- All pivot points, CPR, VWAP, and previous day high/low are "hidden on daily and above timeframes" by default.
- Ensures the indicator is optimized for intraday trading.
8. Customization Options:
- Toggle visibility of CPR, pivot points, moving averages, VWAP, and previous day high/low.
- Customize colors, lengths, and styles for all elements.
- Adjust input sources for calculations (e.g., close, open, etc.).
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How to Use:
Intraday Trading: Use the CPR and daily pivot points to identify key support and resistance levels. Combine these with VWAP and moving averages to confirm trends and find potential entry/exit points.
Swing Trading: Use weekly and monthly pivot points to identify longer-term support and resistance zones.
Breakout Trading: Monitor the previous day's high and low for potential breakout opportunities.
Trend Analysis: Use the moving averages (SMA, EMA, 200-Day EMA) to identify the overall trend direction.
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Default Settings:
- **CPR**: Enabled by default (Central Pivot line cannot be disabled).
- **Daily Pivot Points**: Levels 1 and 2 (S1/R1, S2/R2) are enabled by default.
- **Weekly/Monthly Pivot Points**: Disabled by default (can be enabled from settings).
- **Moving Averages**: SMA (20), EMA (21), and 200-Day EMA are enabled by default.
- **VWAP**: Enabled by default.
- **Previous Day High/Low**: Enabled by default.
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Customization Options:
- **CPR**:
- Enable/Disable CPR lines.
- Customize colors for CP, BC, and TC lines.
- **Pivot Points**:
- Enable/Disable daily, weekly, and monthly pivot points.
- Customize colors for support and resistance levels.
- **Moving Averages**:
- Adjust lengths for SMA, EMA, and 200-Day EMA.
- Customize colors for each moving average.
- **VWAP**:
- Enable/Disable VWAP.
- Customize color.
- **Previous Day High/Low**:
- Enable/Disable previous day high/low.
- Customize colors for high and low levels.
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Best Practices:
1. **Combine Indicators**: Use CPR and pivot points in conjunction with moving averages and VWAP to confirm trends and identify high-probability trading setups.
2. **Timeframe Optimization**: The indicator is designed for intraday trading, so it hides unnecessary elements on daily and above timeframes.
3. **Color Coding**: Customize colors to match your chart theme and improve readability.
4. **Backtesting**: Test the indicator on historical data to understand how it behaves in different market conditions.
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Disclaimer:
This indicator is intended for educational and informational purposes only. It does not provide financial advice or guarantee profits. Always conduct your own research and consult with a professional before making trading decisions.
TREND FINDER BY MRS (SSL Hybrid + Delta Candles)Perfect for identifying trend direction, continuation signals, and exit points while visualizing real-time buying/selling pressure.
A sophisticated multi-timeframe trading system combining:
SSL Hybrid Trend Analysis (HMA/JMA/EMA baseline)
Volume Delta Visualization (colored candles)
ATR Volatility Bands (optional)
Key Features:
1. Smart Trend Detection
Custom Baseline MA: Choose between HMA, JMA (Jurik), or EMA with adjustable length
Trend-Colored Baseline:
🟢 Green = Uptrend (price above & baseline rising)
🔴 Red = Downtrend (price below & baseline falling)
🟠 Orange = Neutral/Transition phase
2. Volume Delta Candles
Colors candles based on lower timeframe volume imbalance:
🟢 Dark Green: Strong buying pressure (delta > 20%)
🌱 Light Green: Moderate buying (delta 5-20%)
🔴 Dark Red: Strong selling pressure (delta < -20%)
🌸 Light Red: Moderate selling (delta -5% to -20%)
⚪ Gray: Balanced volume
3. Professional Tools
ATR Bands: Visualize volatility with adjustable multiplier
Multi-Timeframe Analysis: Delta calculated from lower timeframe (default: 1min)
Alerts: Baseline crosses and extreme delta conditions
Recommended Settings:
Chart Type: Daily (for NNFX method)
Baseline: HMA/JMA (60 periods)
Delta TF: 1-5min for intraday volume accuracy
How Traders Use It:
Trend Traders: Follow colored baseline for direction
Swing Traders: Use delta extremes for reversals
Breakout Traders: Watch ATR band expansions
Published Notes:
TREND FINDER BY MRS (SSL Hybrid with Delta Candles)
By: Rajasekhar Muvvala
*"See the trend, read the volume, trade with confidence"*
Installation:
1. Add to TradingView via Pine Editor
2. Customize colors/thresholds in settings
3. Apply to daily charts for best results
Pro Tip:
Combine with:
- 200EMA for long-term bias
- Horizontal S/R levels
- Price action confirmation
This description highlights the indicator's unique value while making it accessible for both beginners and advanced traders. The markdown formatting ensures clean presentation when published on trading forums or journals. Would you like me to adjust any technical aspects or emphasize different features?
Al Brooks Daily/Weekly IndicatorUnlock the power of Al Brooks’ price action trading with this dynamic, invite-only indicator designed for day traders and students of the legendary Al Brooks methodology. Perfect for daily and weekly charts, this tool brings precision, clarity, and actionable insights to your trading setup. Whether you're scalping intraday or analyzing longer trends, this indicator has you covered with customizable features built for success.
Key Features:
Customizable EMAs & SMAs: Visualize key moving averages (20, 60, 250 EMA, 50, 100, 150, 200 SMA) with adjustable periods, colors, and toggle options—track momentum and trend direction effortlessly.
ATR Scalping Tool: Get real-time ATR (Average True Range) values for the last 4 bars, with customizable smoothing (EMA, SMA, RMA, WMA)—perfect for scalpers sizing trades with precision.
Bull/Bear Micro Channels: Spot real-time bull and bear pressure with micro-channel detection—green lines for bullish strength, red for bearish control—ideal for Al Brooks’ breakout strategies.
Support & Resistance Levels: Identify critical big round numbers (100-point intervals) and small round numbers (50-point intervals) with dynamic lines and labels—anticipate reversals and breakouts like a pro.
Pullback Percentage Levels: On daily charts, track pullbacks from the All-Time High (2%, 5%, 10%, 20%, 30%, 40%, 50%) with adjustable lookback—nail key support zones with Al Brooks’ precision.
Designed for Al Brooks Fans: Built to complement Al Brooks’ price action principles, blending trend, momentum, and key levels for daily and weekly trading mastery.
Elevate your day trading game and decode the markets with Al Brooks’ proven techniques. This indicator is your edge—grab your invite now and trade with confidence!
Al Brooks 15m/1H IndicatorAl Brooks 15m/1H S/R Indicator - Master Price Action Like a Pro
Unlock the power of Al Brooks’ price action trading with this cutting-edge, invite-only indicator designed for day traders! Perfectly tuned for 15-minute ETH charts and 1-hour RTH charts, this tool brings precision, clarity, and actionable insights to your trading. Whether you're scalping the markets or decoding trends like Al Brooks, this indicator is your ultimate companion. Here’s what you get:
Dynamic EMAs for Trend Clarity: Plot 20-period (blue) and 220-period (black) EMAs on your 15 minute or 1 hour chart to spot trends and reversals with Al Brooks-level precision.
Big & Small Round Number S/R: Identify key support/resistance at 100-point (big) and 50-point (small) levels, color-coded (green/red) for instant decision-making.
S&P 500 Horizontal 5/10-Point Lines: Auto-draws S/R lines every 5 and 10 points, with customizable colors and threshold options—perfect for index traders.
Daily/Weekly/Monthly OHLC Levels: Visualize yesterday’s, today’s, last week’s, and last month’s Open, High, Low, Close, and Mid levels with dynamic lines and labels.
Globex High/Low: Track overnight momentum with Globex session highs (red) and lows (green) for ETH trading edge.
Buy/Sell Signal S/R: Detect bullish/bearish setups with dotted support (green) and resistance (red) lines based on Al Brooks’ signal bar logic.
Highest/Lowest Close S/R: Pinpoint bull trend highs and bear trend lows as key reversal zones—essential for breakout trades.
Asian Session Range with Fibs: Map the Asian session time range with a trading box and Fibonacci extensions for breakout and reversal plays.
Ledge Top/Bottom Detection: Spot multi-bar consolidation zones (default 20-bar lookback) for high-probability S/R—pure Al Brooks magic.
Micro Channels (Bull/Bear Pressure): Real-time bull (green) and bear (red) micro channels to ride momentum and spot exhaustion.
ATR Scalping Tool: Displays 4-bar ATR (current + previous bar) with smoothing options (EMA, SMA, etc.) for volatility-based entries.
50% Pullback Retracement: Tracks today’s and yesterday’s 50% pullbacks with dynamic S/R lines and alerts—perfect for Al Brooks’ retracement strategies.
Why You’ll Love It: Built for day traders mastering Al Brooks’ price action, this indicator delivers real-time S/R, trend tools, and setups on 15m ETH and 1 Hour RTH charts. From micro channels to Fib-driven ranges, it’s your roadmap to trading with confidence and precision. Invite-only—join the elite now!
Al Brooks PA Pro indicatorsKey Points
This indicator is highly useful for day traders learning or using Al Brooks' price action method, offering tools for bar counting, EMAs, and pattern recognition.
It seems likely that it supports key Brooks concepts like identifying trends, support/resistance, and specific bar patterns for trading decisions.
The evidence leans toward it being customizable, allowing traders to tailor features to their needs, enhancing its utility for price action analysis.
Indicator Overview
This Pine Script indicator is designed for price action traders, particularly those following Al Brooks' methods. It overlays on the chart and provides a comprehensive set of tools for analyzing market conditions, making it ideal for learning and applying Brooks' strategies.
Key Features for Al Brooks Traders
Bar Counting and Key Bar Markers: The indicator counts bars from the session start and marks significant bars, such as the 7th for opening reversals and the 18th for potential daily highs or lows, aligning with Brooks' focus on specific bar counts for trading signals.
Multiple EMAs: It plots EMAs from various timeframes (e.g., 5-minute, 15-minute, 60-minute) on the current chart, aiding in trend identification and multi-timeframe analysis, which is crucial in Brooks' approach.
Pattern Recognition: Identifies inside and outside bars, key patterns in price action trading for spotting consolidation and breakout opportunities, as emphasized by Brooks.
Support and Resistance Tools: Offers a range of levels, including round numbers, previous period highs/lows/closes, and Fibonacci retracements, vital for setting entry points, stop losses, and profit targets in Brooks' methodology.
Volatility Measures: Displays ATR and half ATR values, helping assess market volatility for setting appropriate trade parameters, which is unexpected but useful for Brooks' scalping strategies.
Customization and Usability
The indicator is highly customizable, with options to toggle features on/off, adjust colors, and set parameters, allowing traders to tailor it to their specific trading style and instruments, enhancing its utility for learning and applying Al Brooks' methods.
Survey Note: Detailed Analysis of the Indicator Script for Al Brooks Price Action Traders
This section provides an in-depth examination of the indicator script, focusing on its relevance and utility for traders learning or using Al Brooks' price action trading methods. The script, written in Pine Script version 6, is designed to support price action analysis, particularly emphasizing Brooks' teachings on bar counting, trend identification, and support/resistance levels. Below, we explore each component, supported by detailed observations from the code, and how it aligns with Brooks' strategies.
Background and Purpose
The indicator is intended for overlay on price charts, with settings for maximum labels, lines, boxes, and bars back, all set to 500. This suggests a focus on detailed, real-time analysis with extensive visual elements, tailored for traders, especially those trading S&P 500 futures, as indicated by specific features like 5/10-point horizontal lines.
Given its complexity and the explicit mention of Al Brooks in the comments, it seems designed for traders familiar with his methodologies, which involve using bar charts and candlestick patterns to identify trends, support/resistance, and specific bar patterns for trading decisions, as detailed in his books and teachings (Al Brooks Price Action Trading).
Detailed Feature Breakdown
Bar Counting and Key Bar Markers
The script implements Al Brooks' bar counting, starting from the trading day's open, which is particularly useful for intraday trading and aligns with Brooks' emphasis on counting bars from the open to identify potential reversal points or areas of interest. It includes:
Custom bar counting using the session start, with markers for specific bars such as:
Bar 7, marked with a purple dot above, noted for opening reversals, often forming double tops/bottoms (DT/DB), which Brooks frequently discusses as early trend signals.
Bar 18, marked with a green dot, with a 90% chance of being the high or low of the day, a key concept in Brooks' analysis for identifying major turning points.
Bars 40 and 48, marked for middle day reversal and afternoon swing setups, respectively, reflecting Brooks' focus on intraday timeframes and specific bar counts for trend changes.
Bars 67 and 73, marked for last hour and 12:30 PM PDT BTC/STC swing setups, respectively, aligning with Brooks' intraday timing strategies.
Options to show bar counts every n bars (default 3) and highlight every 12th bar in red, with customizable colors for bar counts, providing visual cues for traders to track progress through the session.
This feature is crucial for traders following Brooks' teachings, where specific bar counts correlate with significant price action events. The robustness is enhanced by using time of close instead of bar index for thinly traded stocks, ensuring accuracy during irregular bar formation, which is particularly relevant for Brooks' scalping strategies in less liquid markets.
Moving Averages (EMAs)
The script includes extensive EMA functionality, catering to different trading timeframes, which aligns with Brooks' use of EMAs to identify trends and potential support/resistance levels:
A 10-period EMA for 2-minute chart scalping, toggleable with customizable length and color, plotted with a linewidth of 2, useful for short-term trend analysis in Brooks' scalping approach.
Multiple 20-period EMAs plotted on the 5-minute chart, including:
5-minute EMA, 15-minute EMA, and 60-minute EMA, each with options to show or hide, and customizable colors, reflecting Brooks' multi-timeframe analysis to align trades with higher timeframe trends.
Special calculations for these EMAs in Al Brooks' style, using session-based updates at hour, 15-minute, and 5-minute closes, adjusted for different time zones and session ends, ensuring accuracy in trend identification.
An option for the current timeframe's 20 EMA, plotted with a linewidth of 1, in aqua color with 50% transparency, providing additional trend context.
These EMAs are particularly useful for identifying trends across multiple timeframes, with the 2-minute EMA aiding short-term scalping strategies, which is a core component of Brooks' trading style.
Pattern Recognition: Inside and Outside Bars
The script includes a simple inside/outside bar finder, which is fundamental to Brooks' price action trading for identifying consolidation and expansion:
Plots 'i' above bars for inside bars, indicating consolidation, a key setup for Brooks' breakout trades.
Plots 'O' above bars for outside bars , indicating expansion, often used by Brooks for trend continuation or reversal signals.
This feature aids in identifying consolidation (inside bars) and expansion (outside bars), key for breakout and reversal strategies, aligning with Brooks' pattern-based trading.
Micro Channels: Bull and Bear Pressure
Real-time micro channel detection is implemented for both bullish and bearish pressures, which is unexpected but highly relevant for Brooks' focus on tight trading ranges and trend strength:
Bull micro channels start when not in a channel, with the first bar's low below the prior bar's low, requiring subsequent bars to have higher lows, plotted in green, reflecting Brooks' trend-following setups.
Bear micro channels similarly start with the first bar's high above the prior bar's high, requiring lower highs, plotted in red, useful for identifying bearish trends.
Both require a minimum channel length of 3 bars, with lines deleted and redrawn as conditions are met or broken, toggleable with a show option, providing dynamic visual cues for trend analysis.
This feature enhances Brooks' traders' ability to identify strong trending moves or potential breakouts, aligning with his emphasis on real-time trend analysis.
Support and Resistance Levels
The script offers an extensive suite of S/R tools, each with customization options, which are vital for Brooks' trading, as he often uses these levels for entry, exit, and stop placement:
Big and Small Round Numbers: Plots lines every 100 points (big) and 50 points (small), with colors based on price position (green above, red below), and labels with transparency settings, aligning with Brooks' use of psychological levels.
Period-Based OCHL: Includes high, low, close, and middle lines for yesterday, last week, last month, and current day/week, with options to show or hide each, and colors varying by period, reflecting Brooks' focus on previous period levels for context.
Globex High and Low: Plots lines for the Globex session (1500-0630), with red for high and green for low, adjustable for timezone (default America/Los_Angeles), useful for overnight range analysis in Brooks' intraday trading.
Buy Signal Support and Sell Signal Resistance: Based on bar patterns, plots dotted green lines for buy signals (three consecutive bullish bars with specific conditions) and red for sell signals (three consecutive bearish bars), with optional labels, aligning with Brooks' pattern-based entries.
Highest Close in Bull Trend and Lowest Close in Bear Trend: Plots dotted lines for the highest close in a bull trend (red) and lowest in a bear trend (green), with labels indicating scaling strategies, cleaned up daily, reflecting Brooks' trend-following and scaling techniques.
Automatic Horizontal Lines: For S&P 500, plots lines every 5 or 10 points, with solid lines for 10-point multiples and dotted for 5-point, toggleable for center and threshold (±1 point) lines, with alerts for crosses, useful for Brooks' scalping in index futures.
Ledge Top and Bottom: Identifies levels where multiple bars (default 3) have the same high or low within a lookback period (default 20), plotted with blue lines and labels, with alerts for price crosses, and cleanup for older than two weeks, aligning with Brooks' ledge trading strategies.
ATR and Half ATR Display: Calculates and displays ATR and half ATR values, with options for smoothing, toggleable, with labels above and below bars, positioned by tick offsets, aiding in volatility assessment for stop placement, a key aspect of Brooks' risk management.
50% Pullback Retracement: Calculates and plots 50% retracement levels for bull and bear trends for today and yesterday, with dynamic colors based on price position, dashed for yesterday, and alerts for crosses, reflecting Brooks' use of pullbacks for entries.
Stop at 5.5 Points Range: Plots lines ±22 ticks from the current price, toggleable with customization for color, width, and extension, likely for stop levels in S&P 500 trading, aligning with Brooks' fixed stop strategies.
These S/R tools provide traders with multiple reference points, from static levels like round numbers to dynamic ones like trend-based closes, enhancing decision-making for entries and exits, which is central to Brooks' methodology.
Customization and Usability
The script is highly customizable, with numerous input options for toggling features on/off, adjusting colors, setting periods (e.g., EMA length, lookback for ledges), and configuring display settings (e.g., line widths, label sizes, transparency). This adaptability ensures it can be tailored to individual trading styles, from scalping to swing trading, and across different instruments, though it seems optimized for S&P 500 futures, which is common in Brooks' trading examples.
Unexpected Detail: Integration with Scalping and Volatility
One unexpected aspect is the detailed ATR and half ATR display, which, while not explicitly mentioned in Brooks' core teachings, is highly relevant for his scalping strategies, providing traders with real-time volatility measures for setting stops and targets, enhancing the indicator's utility for short-term trades.
Conclusion
This indicator script is a comprehensive tool for price action traders, particularly those learning or applying Al Brooks' methods. Its extensive customization and wide range of features, including bar counting, EMAs, pattern recognition, micro channels, and S/R levels, make it versatile and aligned with Brooks' teachings. Given its complexity, it is best suited for experienced traders or those actively studying Brooks' strategies, offering a robust platform for analyzing and executing price action trades.
Table: Summary of Key Features for Al Brooks Traders
Category Features
Bar Counting Custom counting, key bar markers (7, 18, 40, etc.), every 12th bar highlight
Moving Averages 10 EMA for 2m, 20 EMAs for 5m/15m/60m on 5m chart, current timeframe EMA
Patterns Inside/outside bar detection
Micro Channels Real-time bull/bear channel plotting, minimum 3-bar length
Support/Resistance Round numbers (100/50), period OCHL, Globex, signals, trends, ledges, fixed levels, 50% pullbacks, horizontals
Volatility ATR and half ATR display, customizable smoothing, tick offsets
Customization Toggle features, adjust colors, periods, display settings
Al Brooks Bar CountBar count for day trader in 5 minute chart.
Bar Count
Purpose: Bar counting involves numbering each bar from the start of the trading session, aligning with Al Brooks' emphasis on bar patterns for identifying potential reversals and key price points. This method tracks the sequence of bars to highlight specific bars that, according to Al Brooks' methodology, have a higher probability of being reversal points or significant price levels.
Al Brooks PA full indicatorsKey Points
This indicator is highly useful for traders learning or using Al Brooks' price action method, offering tools for bar counting, EMAs, and pattern recognition.
It seems likely that it supports key Brooks concepts like identifying trends, support/resistance, and specific bar patterns for trading decisions.
The evidence leans toward it being customizable, allowing traders to tailor features to their needs, enhancing its utility for price action analysis.
Indicator Overview
This Pine Script indicator, titled "Al Brooks PA B/EMA/ioi/OCHL/BRN/B&S Signal&HCLC/MC/OR/5p(9/11)/Ledge/ATR/50%PB/Stop5.5," is designed for price action traders, particularly those following Al Brooks' methods. It overlays on the chart and provides a comprehensive set of tools for analyzing market conditions, making it ideal for learning and applying Brooks' strategies.
Key Features for Al Brooks Traders
Bar Counting and Key Bar Markers: The indicator counts bars from the session start and marks significant bars, such as the 7th for opening reversals and the 18th for potential daily highs or lows, aligning with Brooks' focus on specific bar counts for trading signals.
Multiple EMAs: It plots EMAs from various timeframes (e.g., 5-minute, 15-minute, 60-minute) on the current chart, aiding in trend identification and multi-timeframe analysis, which is crucial in Brooks' approach.
Pattern Recognition: Identifies inside and outside bars, key patterns in price action trading for spotting consolidation and breakout opportunities, as emphasized by Brooks.
Support and Resistance Tools: Offers a range of levels, including round numbers, previous period highs/lows/closes, and Fibonacci retracements, vital for setting entry points, stop losses, and profit targets in Brooks' methodology.
Volatility Measures: Displays ATR and half ATR values, helping assess market volatility for setting appropriate trade parameters, which is unexpected but useful for Brooks' scalping strategies.
Customization and Usability
The indicator is highly customizable, with options to toggle features on/off, adjust colors, and set parameters, allowing traders to tailor it to their specific trading style and instruments, enhancing its utility for learning and applying Al Brooks' methods.
Survey Note: Detailed Analysis of the Indicator Script for Al Brooks Price Action Traders
This section provides an in-depth examination of the indicator script, focusing on its relevance and utility for traders learning or using Al Brooks' price action trading methods. The script, written in Pine Script version 6, is designed to support price action analysis, particularly emphasizing Brooks' teachings on bar counting, trend identification, and support/resistance levels. Below, we explore each component, supported by detailed observations from the code, and how it aligns with Brooks' strategies.
Background and Purpose
The indicator, titled "Al Brooks PA B/EMA/ioi/OCHL/BRN/B&S Signal&HCLC/MC/OR/5p(9/11)/Ledge/ATR/50%PB/Stop5.5" with a short title "PA Bar Counting & S/R Full," is intended for overlay on price charts, with settings for maximum labels, lines, boxes, and bars back, all set to 500. This suggests a focus on detailed, real-time analysis with extensive visual elements, tailored for traders, especially those trading S&P 500 futures, as indicated by specific features like 5/10-point horizontal lines.
Given its complexity and the explicit mention of Al Brooks in the comments, it seems designed for traders familiar with his methodologies, which involve using bar charts and candlestick patterns to identify trends, support/resistance, and specific bar patterns for trading decisions, as detailed in his books and teachings (Al Brooks Price Action Trading).
Detailed Feature Breakdown
Bar Counting and Key Bar Markers
The script implements Al Brooks' bar counting, starting from the trading day's open, which is particularly useful for intraday trading and aligns with Brooks' emphasis on counting bars from the open to identify potential reversal points or areas of interest. It includes:
Custom bar counting using the session start, with markers for specific bars such as:
Bar 7, marked with a purple dot above, noted for opening reversals, often forming double tops/bottoms (DT/DB), which Brooks frequently discusses as early trend signals.
Bar 18, marked with a green dot, with a 90% chance of being the high or low of the day, a key concept in Brooks' analysis for identifying major turning points.
Bars 40 and 48, marked for middle day reversal and afternoon swing setups, respectively, reflecting Brooks' focus on intraday timeframes and specific bar counts for trend changes.
Bars 67 and 73, marked for last hour and 12:30 PM PDT BTC/STC swing setups, respectively, aligning with Brooks' intraday timing strategies.
Options to show bar counts every n bars (default 3) and highlight every 12th bar in red, with customizable colors for bar counts, providing visual cues for traders to track progress through the session.
This feature is crucial for traders following Brooks' teachings, where specific bar counts correlate with significant price action events. The robustness is enhanced by using time of close instead of bar index for thinly traded stocks, ensuring accuracy during irregular bar formation, which is particularly relevant for Brooks' scalping strategies in less liquid markets.
Moving Averages (EMAs)
The script includes extensive EMA functionality, catering to different trading timeframes, which aligns with Brooks' use of EMAs to identify trends and potential support/resistance levels:
A 10-period EMA for 2-minute chart scalping, toggleable with customizable length and color, plotted with a linewidth of 2, useful for short-term trend analysis in Brooks' scalping approach.
Multiple 20-period EMAs plotted on the 5-minute chart, including:
5-minute EMA, 15-minute EMA, and 60-minute EMA, each with options to show or hide, and customizable colors, reflecting Brooks' multi-timeframe analysis to align trades with higher timeframe trends.
Special calculations for these EMAs in Al Brooks' style, using session-based updates at hour, 15-minute, and 5-minute closes, adjusted for different time zones and session ends, ensuring accuracy in trend identification.
An option for the current timeframe's 20 EMA, plotted with a linewidth of 1, in aqua color with 50% transparency, providing additional trend context.
These EMAs are particularly useful for identifying trends across multiple timeframes, with the 2-minute EMA aiding short-term scalping strategies, which is a core component of Brooks' trading style.
Pattern Recognition: Inside and Outside Bars
The script includes a simple inside/outside bar finder, which is fundamental to Brooks' price action trading for identifying consolidation and expansion:
Plots 'i' above bars for inside bars, indicating consolidation, a key setup for Brooks' breakout trades.
Plots 'O' above bars for outside bars , indicating expansion, often used by Brooks for trend continuation or reversal signals.
This feature aids in identifying consolidation (inside bars) and expansion (outside bars), key for breakout and reversal strategies, aligning with Brooks' pattern-based trading.
Micro Channels: Bull and Bear Pressure
Real-time micro channel detection is implemented for both bullish and bearish pressures, which is unexpected but highly relevant for Brooks' focus on tight trading ranges and trend strength:
Bull micro channels start when not in a channel, with the first bar's low below the prior bar's low, requiring subsequent bars to have higher lows, plotted in green, reflecting Brooks' trend-following setups.
Bear micro channels similarly start with the first bar's high above the prior bar's high, requiring lower highs, plotted in red, useful for identifying bearish trends.
Both require a minimum channel length of 3 bars, with lines deleted and redrawn as conditions are met or broken, toggleable with a show option, providing dynamic visual cues for trend analysis.
This feature enhances Brooks' traders' ability to identify strong trending moves or potential breakouts, aligning with his emphasis on real-time trend analysis.
Support and Resistance Levels
The script offers an extensive suite of S/R tools, each with customization options, which are vital for Brooks' trading, as he often uses these levels for entry, exit, and stop placement:
Big and Small Round Numbers: Plots lines every 100 points (big) and 50 points (small), with colors based on price position (green above, red below), and labels with transparency settings, aligning with Brooks' use of psychological levels.
Period-Based OCHL: Includes high, low, close, and middle lines for yesterday, last week, last month, and current day/week, with options to show or hide each, and colors varying by period, reflecting Brooks' focus on previous period levels for context.
Globex High and Low: Plots lines for the Globex session (1500-0630), with red for high and green for low, adjustable for timezone (default America/Los_Angeles), useful for overnight range analysis in Brooks' intraday trading.
Buy Signal Support and Sell Signal Resistance: Based on bar patterns, plots dotted green lines for buy signals (three consecutive bullish bars with specific conditions) and red for sell signals (three consecutive bearish bars), with optional labels, aligning with Brooks' pattern-based entries.
Highest Close in Bull Trend and Lowest Close in Bear Trend: Plots dotted lines for the highest close in a bull trend (red) and lowest in a bear trend (green), with labels indicating scaling strategies, cleaned up daily, reflecting Brooks' trend-following and scaling techniques.
Automatic Horizontal Lines: For S&P 500, plots lines every 5 or 10 points, with solid lines for 10-point multiples and dotted for 5-point, toggleable for center and threshold (±1 point) lines, with alerts for crosses, useful for Brooks' scalping in index futures.
Ledge Top and Bottom: Identifies levels where multiple bars (default 3) have the same high or low within a lookback period (default 20), plotted with blue lines and labels, with alerts for price crosses, and cleanup for older than two weeks, aligning with Brooks' ledge trading strategies.
ATR and Half ATR Display: Calculates and displays ATR and half ATR values, with options for smoothing, toggleable, with labels above and below bars, positioned by tick offsets, aiding in volatility assessment for stop placement, a key aspect of Brooks' risk management.
50% Pullback Retracement: Calculates and plots 50% retracement levels for bull and bear trends for today and yesterday, with dynamic colors based on price position, dashed for yesterday, and alerts for crosses, reflecting Brooks' use of pullbacks for entries.
Stop at 5.5 Points Range: Plots lines ±22 ticks from the current price, toggleable with customization for color, width, and extension, likely for stop levels in S&P 500 trading, aligning with Brooks' fixed stop strategies.
These S/R tools provide traders with multiple reference points, from static levels like round numbers to dynamic ones like trend-based closes, enhancing decision-making for entries and exits, which is central to Brooks' methodology.
Customization and Usability
The script is highly customizable, with numerous input options for toggling features on/off, adjusting colors, setting periods (e.g., EMA length, lookback for ledges), and configuring display settings (e.g., line widths, label sizes, transparency). This adaptability ensures it can be tailored to individual trading styles, from scalping to swing trading, and across different instruments, though it seems optimized for S&P 500 futures, which is common in Brooks' trading examples.
Unexpected Detail: Integration with Scalping and Volatility
One unexpected aspect is the detailed ATR and half ATR display, which, while not explicitly mentioned in Brooks' core teachings, is highly relevant for his scalping strategies, providing traders with real-time volatility measures for setting stops and targets, enhancing the indicator's utility for short-term trades.
Conclusion
This indicator script is a comprehensive tool for price action traders, particularly those learning or applying Al Brooks' methods. Its extensive customization and wide range of features, including bar counting, EMAs, pattern recognition, micro channels, and S/R levels, make it versatile and aligned with Brooks' teachings. Given its complexity, it is best suited for experienced traders or those actively studying Brooks' strategies, offering a robust platform for analyzing and executing price action trades.
Table: Summary of Key Features for Al Brooks Traders
Category Features
Bar Counting Custom counting, key bar markers (7, 18, 40, etc.), every 12th bar highlight
Moving Averages 10 EMA for 2m, 20 EMAs for 5m/15m/60m on 5m chart, current timeframe EMA
Patterns Inside/outside bar detection
Micro Channels Real-time bull/bear channel plotting, minimum 3-bar length
Support/Resistance Round numbers (100/50), period OCHL, Globex, signals, trends, ledges, fixed levels, 50% pullbacks, horizontals
Volatility ATR and half ATR display, customizable smoothing, tick offsets
Customization Toggle features, adjust colors, periods, display settings
Al Brooks Bar Counting/EMA/ioi/BRN/50%PBOverview
This indicator helps traders analyze price action using various tools, designed for those familiar with Al Brooks' approach, which focuses on bar patterns and trend analysis. Below, we'll break down its main components and how to use them.
Main Features
10 EMA for Scalping: Plots a customizable 10-period EMA for quick trend identification on 2-minute charts, ideal for scalping strategies to determine short-term price direction and entry/exit points.
Bar Counting: Counts bars from the session start and highlights key bars (e.g., 7, 18, 40) that are significant in Al Brooks' trading methodology, helping identify potential reversal points and important price levels throughout the trading day.
Multi-Timeframe EMAs: Displays 20-period EMAs from 5m, 15m, and 60m timeframes on the 5m chart, providing a multi-timeframe perspective to confirm trend direction and strength.
Inside/Outside Bars: Marks inside bars ('i') and outside bars ('O') to identify consolidation and volatility patterns, assisting in spotting potential breakouts or reversals based on bar patterns.
Big Round Number S/R: Plots color-coded horizontal lines at multiples of 100 and 50 points, indicating psychological support and resistance levels, useful for identifying areas where price may react due to round number significance.
50% Pullback Retracement: Calculates and plots the 50% retracement levels of the current and previous day's price ranges, helping identify dynamic support and resistance levels for potential reversals or continuations.
Key Bar Numbers
The indicator highlights specific bars with trading significance, marked with colors for easy identification:
Bar Number Significance Color
7 End of first 6 bars, opening reversal (DT/DB) Purple
18 90% chance high/low of day Green
40 Middle day reversal Red
48 Afternoon swing setup (bars 48-50) Purple
67 Last hour BTC/STC swing setup Purple
73 12:30 PM PDT BTC/STC setup Purple
Survey Note: Comprehensive Analysis of the Indicator
This section provides an in-depth examination of the Pine Script indicator titled "Al Bar Counting/EMA/ioi/BRN/50%PB," designed for TradingView and inspired by Al Brooks' trading methodology. The indicator integrates multiple analytical tools to assist traders in technical analysis, focusing on bar counting, multi-timeframe Exponential Moving Averages (EMAs), pattern recognition, and dynamic support/resistance levels. Below, we explore each feature, its purpose, and practical usage, ensuring a thorough understanding for both novice and experienced traders.
Indicator Overview and Context
The script is written in Pine Script version 6, ensuring compatibility with the latest TradingView features. The title suggests a focus on Al Brooks' bar counting techniques, EMAs, inside/outside bar patterns, big round numbers (BRN), and 50% pullback (PB) retracements. Research suggests it's optimized for 5-minute charts, but it can be adapted for other timeframes with customizable settings, making it versatile for different trading styles.
Detailed Feature Description
10 EMA for Scalping
Purpose: This feature allows traders to plot a 10-period EMA on the chart, which is particularly useful for scalping on short timeframes like 2-minute charts. The EMA helps in identifying the short-term trend direction, with price above the EMA suggesting an uptrend and below indicating a downtrend.
Customization: The period and color of the EMA are customizable, allowing traders to adjust it to their preferences or specific market conditions. For scalping, traders might look for price pullbacks to the EMA as entry points in the direction of the trend.
Usage: Ideal for quick trades, enhancing strategies that require rapid decision-making, especially in fast-moving markets. This feature is particularly noted for its application on 2-minute charts, though it can be adapted to other short timeframes.
Bar Counting and Key Bar Highlights
Purpose: Bar counting involves numbering each bar from the start of the trading session, aligning with Al Brooks' emphasis on bar patterns for identifying potential reversals and key price points. This method tracks the sequence of bars to highlight specific bars that, according to Al Brooks' methodology, have a higher probability of being reversal points or significant price levels.
Specific Bars:
Bar 7: Marks the end of the first six bars, often associated with opening reversals (double tops or bottoms), indicated by a purple dot. This corresponds to approximately 35 minutes after market open on a 5-minute chart, a time often associated with initial volatility.
Bar 18: Noted for a 90% probability of being the day's high or low, marked with a green dot. This occurs around 90 minutes after open, potentially aligning with mid-morning market behavior, an unexpected detail for traders new to Al Brooks' methods, as it suggests a statistical likelihood not commonly emphasized in standard technical analysis.
Bar 40: Signals a potential middle day reversal, marked with a red dot, occurring around midday, a period that may see reduced volatility but potential turning points.
Bar 48: Denotes the start of the afternoon swing setup (bars 48-50), marked with a purple dot, around 1:30 PM, a time for potential afternoon trends.
Bar 67: Highlights the last hour swing setup for buy-the-close (BTC) or sell-the-close (STC) strategies, marked with a purple dot, around 3:05 PM, aligning with increased activity near the close.
Bar 73: Corresponds to the 12:30 PM PDT setup for BTC/STC, also marked with a purple dot, around 3:35 PM, specific to Pacific Time, which may be relevant for US market traders.
Multi-Timeframe EMAs
Purpose: Plots 20-period EMAs calculated from higher timeframes (15m and 60m) onto the 5m chart, providing a broader perspective on the trend direction. By doing so, it helps traders align their trades with the higher timeframe trend, increasing the probability of success.
Implementation Details: Aligns EMA calculations with higher timeframe closes (e.g., hourly, 15-minute) using session-based triggers, ensuring accuracy in trend representation. This includes options to show the 20 EMA for the current timeframe (5m chart), enhancing flexibility.
Usage: Traders can use these EMAs to confirm trends, with higher timeframe EMAs (60-minute) providing context for 5-minute chart decisions, useful for both intraday and swing trading. For example, if the 60m EMA is sloping upwards, it indicates a longer-term uptrend, which can influence trading decisions on the 5m chart.
Inside and Outside Bar Detection
Purpose: Identifies inside bars, indicating consolidation, and outside bars, suggesting increased volatility. These patterns are crucial for understanding market structure and potential price movements.
Visual Cues: Marks inside bars with 'i' and outside bars with 'O' above the bar, toggleable for user preference, making it easy to spot these patterns on the chart. This visual representation aids in quick decision-making.
Usage: Inside bars can precede breakouts, useful for anticipating price movements in range-bound markets, while outside bars might signal reversals or strong trend continuations, aiding entry/exit decisions in trending markets. Recognizing these patterns helps traders prepare for potential price movements, enhancing strategy effectiveness.
Big Round Number Support/Resistance
Purpose: Plots horizontal lines at big round numbers, which are price levels that are multiples of 100 or 50, such as 100, 150, 200, etc. These levels often act as psychological barriers where price tends to react, either by bouncing off (support/resistance) or breaking through, due to their round nature and trader psychology.
Dynamic Coloring: Lines are color-coded (green for support above price, red for resistance below), with labels at the chart's right edge for clarity. This color-coding helps traders quickly assess the market's position relative to these levels.
Usage: These levels are crucial for traders employing round number strategies, identifying potential price reaction zones, especially in psychological barrier trading. Traders can use these levels to set entry points, stop losses, or take profits, especially in conjunction with other indicators, enhancing trade planning.
50% Pullback Retracement
Purpose: Calculates and plots the 50% retracement level (midpoint) of the current and previous day's price range, serving as dynamic support/resistance. The 50% level is a common retracement level where price often finds support or resistance, aligning with Fibonacci retracement principles.
Daily Range Analysis: Tracks daily highs and lows, plotting the midpoint for both current and previous days, with yesterday's level plotted as a dashed line for distinction. This distinction helps traders differentiate between current and historical levels.
Color Dynamics: Lines and labels update based on price position (green above, red below), enhancing visual interpretation, similar to big round numbers. This dynamic coloring aids in quick assessment of market conditions.
Usage: Aligns with Fibonacci retracement principles, useful for identifying potential reversal points in trend-following and reversal strategies, particularly for intraday traders. Traders can use these levels to identify areas where the price might stall or reverse, enhancing trade setup accuracy.
Additional Tools for Enhanced Trading
Bar Timer: Optionally displays the time remaining until the current bar ends, implemented via a table, useful for time-sensitive trading decisions, especially in fast-moving markets. This feature, toggleable, aids traders who base their decisions on bar closes, enhancing timing precision.
Time Zone Adjustments: Supports different time zones for session closes, ensuring accurate EMA calculations at session ends, enhancing robustness across securities. This is particularly relevant for global traders, accommodating various market hours.
Customization and Flexibility
The indicator is highly customizable, with inputs grouped for clarity (e.g., "10 EMA for 2 minites Chart Scalp, Bar Counting and EMAs, INside/Outside Bars"). Traders can enable/disable features, adjust colors, line widths, and other parameters, making it adaptable to various trading styles and timeframes. While optimized for 5-minute charts, as noted in the code comments, it can be used on other timeframes by adjusting inputs, providing versatility.
Practical Usage and Trading Strategies
Scalping: Leverage the 10 EMA on 2-minute charts for quick trades, using its smoothness for trend identification. Traders might look for price pullbacks to the EMA as entry points, enhancing rapid decision-making.
Intraday Trading: Employ bar counting to pinpoint key bars for potential reversals, such as the 18th bar often marking a high/low, aligning with Al Brooks' methodology. For example, bar 7 can signal opening reversals, while bar 40 indicates midday opportunities, aiding intraday setups.
Trend Analysis: Use multi-timeframe EMAs to confirm trends, with higher timeframe EMAs providing context, useful for both entries and exits. This multi-timeframe approach enhances trend-following strategies.
Pattern Trading: Utilize inside/outside bars for entry/exit points, with inside bars for consolidation breaks and outside bars for volatility plays, enhancing range-bound or trending market strategies. This pattern recognition aids in anticipating market movements.
Support/Resistance Trading: Integrate big round numbers and 50% pullbacks to identify price reaction zones, combining with other indicators for confirmation, ideal for psychological barrier and Fibonacci-based strategies. This enhances trade planning and risk management.
Tables for Clarity
Feature Description Usage Example
10 EMA Scalp 10-period EMA for 2-min charts, customizable Quick scalping entries/exits
Bar Counting Counts bars, marks key numbers (7, 18, etc.) Identify reversal points intraday
Multi-Timeframe EMAs 20-period EMAs from 5m, 15m, 60m on 5m chart Confirm trend direction across timeframes
Inside/Outside Bars Marks 'i' for inside, 'O' for outside bars Spot consolidation, volatility setups
Big Round Number S/R Lines at 100, 50-point levels, color-coded Psychological barrier trading
50% Pullback Retracement Plots 50% levels for today/yesterday, color-coded Reversal points, trend continuation
Key Bar Number Significance Color
7 End of first 6 bars, opening reversal (DT/DB) Purple
18 90% chance high/low of day Green
40 Middle day reversal Red
48 Afternoon swing setup (bars 48-50) Purple
67 Last hour BTC/STC swing setup Purple
73 12:30 PM PDT BTC/STC setup Purple
Conclusion and Applicability
This indicator is a comprehensive tool for traders using Al Brooks' methods, offering detailed bar analysis, multi-timeframe trend confirmation, and dynamic support/resistance levels. Its customization options ensure adaptability, while features like time-based bar counting enhance robustness, especially for thinly traded securities. Traders can integrate it into various strategies, from scalping to intraday trend following, making it a versatile addition to their TradingView toolkit.
TradZoo - EMA Crossover IndicatorDescription:
This EMA Crossover Trading Strategy is designed to provide precise Buy and Sell signals with confirmation, defined targets, and stop-loss levels, ensuring strong risk management. Additionally, a 30-candle gap rule is implemented to avoid frequent signals and enhance trade accuracy.
📌 Strategy Logic
✅ Exponential Moving Averages (EMAs):
Uses EMA 50 & EMA 200 for trend direction.
Buy signals occur when price action confirms EMA crossovers.
✅ Entry Confirmation:
Buy Signal: Occurs when either the current or previous candle touches the 200 EMA, and the next candle closes above the previous candle’s close.
Sell Signal: Occurs when either the current or previous candle touches the 200 EMA, and the next candle closes below the previous candle’s close.
✅ 30-Candle Gap Rule:
Prevents frequent entries by ensuring at least 30 candles pass before the next trade.
Improves signal quality and prevents excessive trading.
🎯 Target & Stop-Loss Calculation
✅ Buy Position:
Target: 2X the difference between the last candle’s close and the lowest low of the last 2 candles.
Stop Loss: The lowest low of the last 2 candles.
✅ Sell Position:
Target: 2X the difference between the last candle’s close and the highest high of the last 2 candles.
Stop Loss: The highest high of the last 2 candles.
📊 Visual Features
✅ Buy & Sell Signals:
Green Upward Arrow → Buy Signal
Red Downward Arrow → Sell Signal
✅ Target Levels:
Green Dotted Line: Buy Target
Red Dotted Line: Sell Target
✅ Stop Loss Levels:
Dark Red Solid Line: Stop Loss for Buy/Sell
💡 How to Use
🔹 Ideal for trend-following traders using EMAs.
🔹 Works best in volatile & trending markets (avoid sideways ranges).
🔹 Can be combined with RSI, MACD, or price action levels for added confluence.
🔹 Recommended timeframes: 1M, 5M, 15m, 1H, 4H, Daily (for best results).
🚀 Try this strategy and enhance your trading decisions with structured risk management!
Black Tie Report FrameworkThe Black Tie Report Framework indicator is a market structure and bias analysis tool designed to provide traders with key price levels, session insights, and trend classification.
Key Features:
- Daily Separators: Automatically marks the start of each trading day for better session tracking.
- Bias Framework: Allows users to set a custom timeframe (e.g., daily, weekly, or monthly) to establish bullish, bearish, or neutral bias based on price action.
- Session Markers: Highlights key trading sessions such as Asia, London, and New York to identify volume shifts.
- Liquidity Levels: Plots significant highs and lows from different timeframes, helping traders focus on key liquidity zones.
- Automated Trend Identification: Uses predefined conditions to classify market direction and potential reversal points.
This framework is useful for traders looking to integrate objective market structure analysis into their strategy, eliminating noise and providing clear, actionable price levels for decision-making.
Expiry Day Special IndicatorExpiry Day Special Indicator
The Expiry Day Special Indicator is designed to detect catalytic price action patterns that commonly occur between 9:15 AM to 10:15 AM (IST) in the Nifty & Bank Nifty markets but not limited to these specific markets. While these patterns are particularly useful on expiry days, they are not limited to expiry trading alone. They can also be applied on other trading days when similar conditions arise, making them versatile for intraday traders.
How It Works
This indicator scans for bullish and bearish price action patterns within the first trading hour and plots potential buy and sell signals based on key market structures.
• Bearish Patterns: Identifies strong rejection zones and weakness in price action to signal potential short trades.
• Bullish Patterns: Recognizes reversal formations that indicate potential long trade opportunities.
• Time Filter: The setup is valid only between 9:15 AM - 10:15 AM (IST) to focus on high-impact market moves.
Why This Indicator?
1. Specialized for Nifty & Bank Nifty – Designed specifically for Indian markets.
2. Early Trend Identification – Helps traders capture moves early in the session.
3. Works Beyond Expiry Days – Although optimized for expiry trading, it can also detect similar patterns on regular days.
📌 Note: This indicator does not provide trading advice; always use proper risk management.
Price Action Trend and Margin EquityThe Price Action Trend and Margin Equity indicator is a multifunctional market analysis tool that combines elements of money management and price pattern analysis. The indicator helps traders identify key price action patterns and determine optimal entry, exit and stop loss levels based on the current trend.
The main components of the indicator:
Money Management:
Allows the trader to set risk management parameters such as the percentage of possible loss on the position, the use of fixed leverage and the total capital.
Calculates the required leverage level to achieve a specified percentage of loss.
Price Action:
Correctly identifies various price patterns such as Pin Bar, Engulfing Bar, PPR Bar and Inside Bar.
Displays these patterns on the chart with the ability to customize candle colors and display styles.
Allows the trader to customize take profit and stop loss points to display them on the chart.
The ability to display patterns only in the direction of the trend.
Trend: (some code taken from ChartPrime)
Uses a trend cloud to visualize the current market direction.
The trend cloud is displayed on the chart and helps traders determine whether the market is in an uptrend or a downtrend.
Alert:
Allows you to set an alert that will be triggered when the pattern is formed.
Example of use:
Let's say a trader uses the indicator to trade the crypto market. He sets the money management parameters, setting the maximum loss per position to 5% and using a fixed leverage of 1:100. The indicator automatically calculates the required position size to meet these parameters ($: on the label). Or displays the leverage (X: on the label) to achieve the required risk.
The trader receives an alert when a Pin Bar is formed. The indicator displays the entry, exit, and stop loss levels based on this pattern. The trader opens a position for the recommended amount in the direction indicated by the indicator and sets the stop loss and take profit at the recommended levels.
General Settings:
Position Loss Percentage: Sets the maximum loss percentage you are willing to take on a single position.
Use Fixed Leverage: Enables or disables the use of fixed leverage.
Fixed Leverage: Sets the fixed leverage level.
Total Equity: Specifies the total equity you are using for trading. (Required for calculation when using fixed leverage)
Turn Patterns On/Off: You can turn on or off the display of various price patterns such as Pin Bar, Outside Bar (Engulfing), Inside Bar, and PPR Bar.
Pattern Colors: Sets the colors for displaying each pattern on the chart.
Candle Color: Allows you to set a neutral color for candles that do not match the price action.
Show Lines: Allows you to turn on or off the display of labels and lines.
Line Length: Sets the length of the stop, entry, and take profit lines.
Label color: One color for all labels (configured below) or the color of the labels in the color of the candle pattern.
Pin entry: Select the entry point for the pin bar: candle head, bar close, or 50% of the candle.
Coefficients for stop and take lines.
Use trend for price action: When enabled, will show price action signals only in the direction of the trend.
Display trend cloud: Enables or disables the display of the trend cloud.
Cloud calculation period: Sets the period for which the maximum and minimum values for the cloud are calculated. The longer the period, the smoother the cloud will be.
Cloud colors: Sets the colors for uptrends and downtrends, as well as the transparency of the cloud.
The logic of the indicator:
Pin Bar is a candle with a long upper or lower shadow and a short body.
Logic: If the length of one shadow is twice the body and the opposite shadow of the candle, it is considered a Pin Bar.
An Inside Bar is a candle that is completely engulfed by the previous candle.
Logic: If the high and low of the current candle are inside the previous candle, it is an Inside Bar.
An Outside Bar or Engulfing is a candle that completely engulfs the previous candle.
Logic: If the high and low of the current candle are outside the previous candle and close outside the previous candle, it is an Outside Bar.
A PPR Bar is a candle that closes above or below the previous candle.
Logic: If the current candle closes above the high of the previous candle or below its low, it is a PPR Bar.
Stop Loss Levels: Calculated based on the specified ratios. If set to 1.0, it shows the correct stop for the pattern by pushing away from the entry point.
Take Profit Levels: Calculated based on the specified ratios.
Create a Label: The label is created at the stop loss level and contains information about the potential leverage and loss.
The formula for calculating the $ value is:
=(Total Capital x (Maximum Loss Percentage on Position/100)) / (Difference between Entry Level and Stop Loss Level × Ratio that sets the stop loss level relative to the length of the candlestick shadow × Fixed Leverage Value) .
Labels contain the following information:
The percentage of price change from the recommended entry point to the stop loss level.
Required Leverage (X: ): The amount of leverage required to achieve the specified loss percentage. (Or a fixed value if selected).
Required Capital ($: ): The amount of capital required to open a position with the specified leverage and loss percentage (only displayed when using fixed leverage).
The trend cloud identifies the maximum and minimum price values for the specified period.
The cloud value is set depending on whether the current price is equal to the high or low values.
If the current closing price is equal to the high value, the cloud is set at the low value, and vice versa.
RU
Индикатор "Price Action Trend and Margin Equity" представляет собой многофункциональный инструмент для анализа рынка, объединяющий в себе элементы управления капиталом и анализа ценовых паттернов. Индикатор помогает трейдерам идентифицировать ключевые прайс экшн паттерны и определять оптимальные уровни входа, выхода и стоп-лосс на основе текущего тренда.
Основные компоненты индикатора:
Управление капиталом:
Позволяет трейдеру задавать параметры управления рисками, такие как процент возможного убытка по позиции, использование фиксированного плеча и общий капитал.
Рассчитывает необходимый уровень плеча для достижения заданного процента убытка.
Price Action:
Правильно идентифицирует различные ценовые паттерны, такие как Pin Bar, Поглащение Бар, PPR Bar и Внутренний Бар.
Отображает эти паттерны на графике с возможностью настройки цветов свечей и стилей отображения.
Позволяет трейдеру настраивать точки тейк профита и стоп лосса для отображения их на графике.
Возможность отображения паттернов только в натправлении тренда.
Trend: (часть кода взята у ChartPrime)
Использует облако тренда для визуализации текущего направления рынка.
Облако тренда отображается на графике и помогает трейдерам определить, находится ли рынок в восходящем или нисходящем тренде.
Оповещение:
Дает возможность установить оповещение которое будет срабатывать при формировании паттерна.
Пример применения:
Предположим, трейдер использует индикатор для торговли на крипто рынке. Он настраивает параметры управления капиталом, устанавливая максимальный убыток по позиции в 5% и используя фиксированное плечо 1:100. Индикатор автоматически рассчитывает необходимый объем позиции для соблюдения этих параметров ($: на лейбле). Или отображает плечо (Х: на лейбле) для достижения необходимого риска.
Трейдер получает оповещение о формировании Pin Bar. Индикатор отображает уровни входа, выхода и стоп-лосс, основанные на этом паттерне. Трейдер открывает позицию на рекомендуемую сумму в направлении, указанном индикатором, и устанавливает стоп-лосс и тейк-профит на рекомендованных уровнях.
Общие настройки:
Процент убытка по позиции: Устанавливает максимальный процент убытка, который вы готовы понести по одной позиции.
Использовать фиксированное плечо: Включает или отключает использование фиксированного плеча.
Уровень фиксированного плеча: Задает уровень фиксированного плеча.
Общий капитал: Указывает общий капитал, который вы используете для торговли. (Необходим для расчета при использовании фиксированного плеча)
Включение/отключение паттернов: Вы можете включить или отключить отображение различных ценовых паттернов, таких как Pin Bar, Outside Bar (Поглощение), Inside Bar и PPR Bar.
Цвета паттернов: Задает цвета для отображения каждого паттерна на графике.
Цвет свечей: Позволяет задать нейтральный цвет для свечей неподходящих под прйс экшн.
Показывать линии: Позволяет включить или отключить отображение лейблов и линий.
Длинна линий: Настройка длинны линий стопа, линии входа и тейк профита.
Цвет лейбла: Один цвет для всех лейблов (настраивается ниже) или цвет лейблов в цвет паттерна свечи.
Вход в пин: Выбор точки входа для пин бара: голова свечи, точка закрытия бара или 50% свечи.
Коэффиценты для стоп и тейк линий.
Использовать тренд для прайс экшна: При включении будет показывать прайс экшн сигналы только в направлении тренда.
Отображение облака тренда: Включает или отключает отображение облака тренда.
Период расчета облака: Устанавливает период, за который рассчитываются максимальные и минимальные значения для облака. Чем больше период, тем более сглаженным будет облако.
Цвета облака: Задает цвета для восходящего и нисходящего трендов, а также прозрачность облака.
Логика работы индикатора:
Pin Bar — это свеча с длинной верхней или нижней тенью и коротким телом.
Логика: Если длина одной тени вдвое больше тела и противоположной тени свечи, считается, что это Pin Bar.
Inside Bar — это свеча, полностью поглощенная предыдущей свечой.
Логика: Если максимум и минимум текущей свечи находятся внутри предыдущей свечи, это Inside Bar.
Outside Bar или Поглощение — это свеча, которая полностью поглощает предыдущую свечу.
Логика: Если максимум и минимум текущей свечи выходят за пределы предыдущей свечи и закрывается за пределами предыдущей свечи, это Outside Bar.
PPR Bar — это свеча, которая закрывается выше или ниже предыдущей свечи.
Логика: Если текущая свеча закрывается выше максимума предыдущей свечи или ниже ее минимума, это PPR Bar.
Уровни стоп-лосс: Рассчитываются на основе заданных коэффициентов. При значении 1.0 показывает правильный стоп для паттерна отталкиваясь от точки входа.
Уровки тейк-профита: Рассчитываются на основе заданных коэффициентов.
Создание метки: Метка создается на уровне стоп-лосс и содержит информацию о потенциальном плече и убытке.
Формула для вычисления значения $:
=(Общий капитал x (Максимальный процент убытка по позиции/100)) / (Разница между уровнем входа и уровнем стоп-лосс × Коэффициент, задающий уровень стоп-лосс относительно длины тени свечи × Значение фиксированного плеча).
Метки содержат следующую информацию:
Процент изменения цены от рекомендованной точки входа до уровня стоп-лосс.
Необходимое плечо (Х: ): Уровень плеча, необходимый для достижения заданного процента убытка. (Или фиксированное значение если оно выбрано).
Необходимый капитал ($: ): Сумма капитала, необходимая для открытия позиции с заданным плечом и процентом убытка (отображается только при использовании фиксированного плеча).
Облако тренда определяет максимальные и минимальные значения цены за указанный период.
Значение облака устанавливается в зависимости от того, совпадает ли текущая цена с максимальными или минимальными значениями.
Если текущая цена закрытия равна максимальному значению, облако устанавливается на уровне минимального значения, и наоборот.
Turtle Soup Model [PhenLabs]📊 Turtle Soup Model
Version: PineScript™ v6
Description
The Turtle Soup Model is an innovative technical analysis tool that combines market structure analysis with inter-market comparison and gap detection. Unlike traditional structure indicators, it validates market movements against a comparison symbol (default: ES1!) to identify high-probability trading opportunities. The indicator features a unique “soup pattern” detection system, comprehensive gap analysis, and real-time structure breaks visualization.
Innovation Points:
First indicator to combine structure analysis with gap detection and inter-market validation
Advanced memory management system for efficient long-term analysis
Sophisticated pattern recognition with multi-market confirmation
Real-time structure break detection with comparative validation
🔧 Core Components
Structure Analysis: Advanced pivot detection with inter-market validation
Gap Detection: Sophisticated gap identification and classification system
Inversion Patterns: “Soup pattern” recognition for reversal opportunities
Visual System: Dynamic rendering of structure levels and gaps
Alert Framework: Multi-condition notification system
🚨 Key Features 🚨
The indicator provides comprehensive analysis through:
Structure Levels: Validated support and resistance zones
Gap Patterns: Identification of significant market gaps
Inversion Signals: Detection of potential reversal points
Real-time Comparison: Continuous inter-market analysis
Visual Alerts: Dynamic structure break notifications
📈 Visualization
Structure Lines: Color-coded for highs and lows
Gap Boxes: Visual representation of gap zones
Inversion Patterns: Clear marking of potential reversal points
Comparison Overlay: Inter-market divergence visualization
Alert Indicators: Visual signals for structure breaks
💡Example
📌 Usage Guidelines
The indicator offers multiple customization options:
Structure Settings:
Pivot Period: Adjustable for different market conditions
Comparison Symbol: Customizable reference market
Visual Style: Configurable colors and line widths
Gap Analysis:
Signal Mode: Choice between close and wick-based signals
Box Rendering: Automatic gap zone visualization
Middle Line: Reference point for gap measurements
✅ Best Practices:
🚨Use comparison symbol from related market🚨
Monitor both structure breaks and gap inversions
Combine signals for higher probability trades
Pay attention to inter-market divergences
⚠️ Limitations
Requires comparison symbol data
Performance depends on market correlation
Best suited for liquid markets
What Makes This Unique
Inter-market Validation: Uses comparison symbol for signal confirmation
Gap Integration: Combines structure and gap analysis
Soup Pattern Detection: Identifies specific reversal patterns
Dynamic Structure Management: Automatically updates and removes invalid levels
Memory-Efficient Design: Optimized for long-term chart analysis
🔧 How It Works
The indicator processes market data through three main components:
1. Structure Analysis:
Detects pivot points with comparison validation
Tracks structure levels with array management
Identifies and processes structure breaks
2. Gap Analysis:
Identifies significant market gaps
Processes gap inversions
Manages gap zones visualization
3. Pattern Recognition:
Detects “soup” patterns
Validates with comparison market
Generates structure break signals
💡 Note: The indicator performs best when used with correlated comparison symbols and appropriate timeframe selection. Its unique inter-market validation system provides additional confirmation for traditional structure-based trading strategies.
[GrandAlgo] Impulse & Balance
The Impulse & Balance indicator identifies and labels three key levels—Impulse, Balance, and Apex—offering traders a structured and dynamic view of market behavior. Starting with the detection of Impulse levels, the indicator calculates corresponding Balance zones and Apex levels to provide actionable insights into price movement, potential reversals, and trend stability.
This indicator adapts seamlessly to all timeframes and market types, giving traders a powerful tool for understanding market dynamics and refining their strategies.
How It Works:
Impulse: Identifies critical price levels where significant market conditions occur. These Impulse levels serve as the foundation for calculating Balance and Apex levels.
Balance: Derived from Impulse levels, Balance zones mark areas of equilibrium where price tends to stabilize. These zones often act as key support or resistance areas.
Apex: The Apex is calculated as a pivotal level where price momentum within the Impulse reaches a peak, highlighting potential reversal or reaction points.
The indicator dynamically updates these levels in real-time as price evolves, ensuring that traders always have the most relevant data on their charts.
Key Features:
Automatically detects Impulse, Balance, and Apex levels for structured market analysis.
Continuously recalculates levels in real-time as price action evolves.
Offers customizable parameters for sensitivity and detection range.
Works seamlessly across all timeframes and market types.
Provides clear visual labels for effortless interpretation.
Use Cases:
Spot potential reversal zones or price reaction points using Apex levels.
Identify key price stabilizations with Balance zones for support and resistance analysis.
Monitor Impulse levels for insights into significant market conditions and momentum.
Suitable for various instruments, including Forex, crypto, stocks, and indices.
Adaptive Price Zone Oscillator [QuantAlgo]Adaptive Price Zone Oscillator 🎯📊
The Adaptive Price Zone (APZ) Oscillator by QuantAlgo is an advanced technical indicator designed to identify market trends and reversals through adaptive price zones based on volatility-adjusted bands. This sophisticated system combines typical price analysis with dynamic volatility measurements to help traders and investors identify trend direction, potential reversals, and market volatility conditions. By evaluating both price action and volatility together, this tool enables users to make informed trading decisions while adapting to changing market conditions.
💫 Dynamic Zone Architecture
The APZ Oscillator provides a unique framework for assessing market trends through a blend of smoothed typical prices and volatility-based calculations. Unlike traditional oscillators that use fixed parameters, this system incorporates dynamic volatility measurements to adjust sensitivity automatically, helping users determine whether price movements are significant relative to current market conditions. By combining smoothed price trends with adaptive volatility zones, it evaluates both directional movement and market volatility, while the smoothing parameters ensure stable yet responsive signals. This adaptive approach allows users to identify trending conditions while remaining aware of volatility expansions and contractions, enhancing both trend-following and mean-reversion strategies.
📊 Indicator Components & Mechanics
The APZ Oscillator is composed of several technical components that create a dynamic trending system:
Typical Price: Utilizes HLC3 (High, Low, Close average) as a balanced price representation
Volatility Measurement: Computes exponential moving average of price changes to determine dynamic zones
Smoothed Calculations: Applies additional smoothing to reduce noise while maintaining responsiveness
Trend Detection: Evaluates price position relative to adaptive zones to determine market direction
📈 Key Indicators and Features
The APZ Oscillator utilizes typical price with customizable length and threshold parameters to adapt to different trading styles. Volatility calculations are applied to determine zone boundaries, providing context-aware levels for trend identification. The trend detection component evaluates price action relative to the adaptive zones, helping validate trends and identify potential reversals.
The indicator also incorporates multi-layered visualization with:
Color-coded trend representation (bullish/bearish)
Clear trend state indicators (+1/-1)
Mean reversion signals with distinct markers
Gradient fills for better visual clarity
Programmable alerts for trend changes
⚡️ Practical Applications and Examples
✅ Add the Indicator : Add the indicator to your TradingView chart by clicking on the star icon to add it to your favorites ⭐️
👀 Monitor Trend State : Watch the oscillator's position relative to the zero line to identify trend direction and potential reversals. The step-line visualization with diamonds makes trend changes clearly visible.
🎯 Track Signals : Pay attention to the mean reversion markers that appear above and below the price chart:
→ Upward triangles (⤻) signal potential bullish reversals
→ X crosses (↷) indicate potential bearish reversals
🔔 Set Alerts : Configure alerts for trend changes in both bullish and bearish directions, ensuring you can act on significant technical developments promptly.
🌟 Summary and Tips
The Adaptive Price Zone Oscillator by QuantAlgo is a versatile technical tool, designed to support both trend following and mean reversion strategies across different market environments. By combining smoothed typical price analysis with dynamic volatility-based zones, it helps traders and investors identify significant trend changes while measuring market volatility, providing reliable technical signals. The tool's adaptability through customizable length, threshold, and smoothing parameters makes it suitable for various trading timeframes and styles, allowing users to capture opportunities while maintaining awareness of changing market conditions.
Key parameters to optimize for your trading style:
APZ Length: Adjust for more or less sensitivity to price changes
Threshold: Fine-tune the volatility multiplier for wider or narrower zones
Smoothing: Balance noise reduction with signal responsiveness
[AlbaTherium] Volume Venturius Premium Volume Venturius Premium
Introduction
The Volume Venturius Premium is an advanced market analysis tool designed to deeply investigate the behavior of active market participants. By focusing exclusively on executed market orders, Volume Venturius offers traders a unique perspective on buy and sell volumes. Unlike traditional order books that track passive orders, this indicator isolates active orders, shedding light on real market dynamics.
Chapter 1: Understanding Market Participants
1.1 Categories of Market Participants
Market participants can be classified into several categories based on their:
Size : The volume of trades executed.
Influence : Their ability to initiate bull or bear campaigns.
Strategy : The trading methods employed, such as scalping, swing trading, or high-frequency trading.
Objectives : Whether their focus is on speculation, hedging, or arbitrage.
Time Horizon : Short-term versus long-term goals.
Behavioral Patterns : Their reaction to liquidity levels or price movements.
1.2 Objectives of Market Participants
Each category pursues specific objectives, such as profit-making or risk management. Regulatory reports like the Commitment of Traders (COT) provide weekly insights into the positions and intentions of major players.
Chapter 2: The Philosophy of Volume Analysis
2.1 Active Orders vs. Passive Orders
Unlike passive orders waiting to be filled at specific prices, active orders directly impact market prices. By focusing on these executed orders, Volume Venturius Premium provides traders with actionable insights into market trends and momentum.
2.2 Wyckoff’s Market Dynamics
According to Wyckoff, markets operate in two primary phases:
Manipulation: Where large participants accumulate or distribute positions to prepare for a move.
Expansion: The phase where price trends begin to unfold, either in a bullish or bearish direction.
Wyckoff’s theory emphasizes understanding how major players manipulate the market to identify accumulation or distribution zones. Volume Venturius Premium aids in pinpointing these manipulative actions by analyzing volume and order flow data.
Chapter 3: The Secrets of Order Flow and Volume
3.1 Unveiling Market Control
By studying the positioning and execution volumes of large players, traders can discern who holds control in the market. Volume Venturius Premium identifies the balance of power and tracks shifts that signal potential trend reversals.
3.2 Behavioral Patterns in Volume
Key metrics tracked by Volume Venturius Premium include:
Volume Clusters : Areas of concentrated buying or selling activity.
Directional Bias : Whether market participants are net buyers or sellers.
Momentum Shifts : Changes in execution speed and volume that may precede major moves.
3.2.1 Volume Clusters, Directional Bias and Directional Bias: Areas of Concentrated Buying or Selling Activity
Volume clusters play a crucial role in understanding market dynamics by highlighting areas where aggressive buying or selling activity is most concentrated. These clusters often serve as key decision zones, providing insights into potential reversals, breakouts, or continuations. To better visualize and interpret these zones, a distinct color-coding system has been implemented. Each color represents a specific market condition or level of activity, allowing for a more intuitive analysis of volume behavior and its influence on price movement.
Below is a detailed explanation of the color logic used to represent these clusters and their significance within the trading framework.
Color Interpretation and Meaning :
Extra Extreme Zones
These zones highlight areas where clusters of aggressive buyers or sellers are most heavily concentrated. They represent critical levels for identifying potential reversals or strong continuations.
Bright Red (#ff003c) : Represents extra-extreme sell zones, where aggressive sellers dominate.
Meaning: Indicates extreme selling pressure, often signaling potential exhaustion of sellers.
Bright Blue (#001eff) : Represents extra-extreme buy zones, where aggressive buyers are most active.
Meaning: Shows extreme buying pressure, possibly marking a saturation point for buyers.
Main Zones
These zones help identify key levels based on volume activity and well-defined clusters.
Dark Red (#d60033) : Represents strong selling pressure.
Orange (#ff8000) : Indicates significant selling pressure that begins to fade.
Yellow (#ffff00) : Represents moderate selling pressure, signaling a potential slowdown.
White (#ffffff) : Marks transition zones, which are interesting entry points for potential reversals or continuations.
Transition Zones (Frontier Zones)
These zones indicate intermediate movements and potential shifts in momentum.
Transparent Black (#000000, 50) : Represents transition areas, where the market tests boundaries between buyers and sellers.
Meaning: These are critical decision points.
Neutral Zone (Sea Zone)- Trend Zones
These zones represent more balanced market activity, where neither buyers nor sellers dominate clearly.
Transparent Green (#00e040, 25) : Indicates slight bullish activity in a neutral zone.
Transparent Red (#e01a00, 25) : Indicates slight bearish activity in a neutral zone.
This color logic allows you to pinpoint areas where volume clusters show a clear dominance, exhaustion, or optimal entry opportunities.
3.3 Divergences Between Price and Volume
Divergences between price and volume are critical for identifying key shifts in market sentiment. Volume Venturius Premium distinguishes two main types of divergences: Lack of Participation and Absorption, each offering valuable signals for potential reversals or continuations.
Lack of Participation
This divergence occurs when price movements are not supported by corresponding volume dynamics, signaling a reduction in activity from significant market participants.
1. Bullish Lack of Participation:
Characteristics : Price is making lower lows, but volume is making higher lows.
This indicates waning selling pressure as prices drop.
Inference : A potential bullish reversal may occur. Traders could consider looking for opportunities to go long.
2.Bearish Lack of Participation:
Characteristics : Price is making higher highs, but volume is making lower highs. This suggests diminishing buying pressure even as prices rise.
Inference : A potential bearish reversal might follow. Traders might position to go short.
Absorption
Absorption occurs when larger market participants neutralize the pressure from smaller participants, often leading to significant market moves.
1.Bullish Absorption:
Characteristics : Price is making higher bottoms, but volume is making lower bottoms.
This reflects sellers being trapped as their selling efforts are absorbed by larger buyers.
Inference : A potential upward breakout is likely. Traders may look for opportunities to go long.
2.Bearish Absorption:
Characteristics : Price is making lower tops, but volume is making higher tops. This indicates buyers being trapped as larger sellers absorb their buying activity.
Inference : A downward breakout is probable. Traders may consider positioning to go short.
Chapter 4: Practical Application and Trading Strategies
4.1 Leveraging Active Order Insights
Learn how to use Volume Venturius Premium to detect hidden accumulation or distribution phases. Strategies include identifying spikes in active volume that signal institutional participation.
4.2 Confirming Bull and Bear Campaigns
Gain confidence in detecting the early stages of bullish or bearish campaigns by analyzing the interplay between active orders and volume flow.
Chapter 5: Real-World Examples
5.1 Analyzing Market Manipulation
See how Volume Venturius Premium can reveal manipulation tactics employed by large players to trigger liquidity events.
5.2 Spotting Trends with Active Orders
Real-life scenarios demonstrate how the tool can be used to identify and ride the market’s dominant trend.
Conclusion
The Volume Venturius Premium is an indispensable tool for traders who seek to understand the underlying mechanics of market movement. By focusing on active order flows and drawing on Wyckoff’s principles, it provides unique insights into market manipulation and expansion phases. Whether you’re an intraday trader or a long-term strategist, this tool empowers you to anticipate market shifts and trade with confidence.
Stay tuned for updates as we continue to refine Volume Venturius Premium to further enhance your trading journey.
Supply and Demand Plus [tambangEA]The Supply and Demand Plus is an advanced version of the highly-regarded Supply and Demand indicator
Designed to offer additional functionality for professional traders. Building on the core features of the original script, the "Plus" version incorporates enhanced zone selection capabilities and multi-timeframe Exponential Moving Averages (EMAs). This makes it a versatile tool for those who seek to refine their trading strategies using supply and demand principles while integrating trend-following techniques.
🔹 New Capabilities in Supply and Demand Plus
1. Customizable Zone Selection:
Users can now choose which specific zones to display on the chart:
Continuation Trader
-Rally-Base-Rally (RBR): Bullish continuation zones.
-Drop-Base-Drop (DBD): Bearish continuation zones.
Contrarian Trader
-Drop-Base-Rally (DBR): Bullish reversal zones.
-Rally-Base-Drop (RBD): Bearish reversal zones.
This feature allows traders to filter the zones relevant to their strategy, reducing chart clutter and enhancing focus.
2. Multi-Timeframe EMAs:
🔹 The Meeting Zone: "Base"
-The meeting zone is where supply meets demand, often referred to as the equilibrium price range. In this range:
-Sellers are willing to sell at prices buyers are willing to pay.
-Trading volume is usually higher as transactions occur more frequently.
-On the candle chart, this area may appear as sideways movement (consolidation) or regions with balanced candle sizes and wicks, signaling relative agreement between buyers and sellers.
🔹 Key Observations in Candle Charts
-Breakouts: When prices break out of a meeting zone, they indicate that one side (buyers or sellers) has gained significant control. This can lead to new supply or demand zones.
-Retests: Often, prices return to test these zones (called pullbacks) before continuing in the dominant direction. Retests confirm the strength of a supply or demand zone.
-Volume Spikes: High trading volumes near these zones signify active participation and can validate the importance of the zone.
The indicator includes five Exponential Moving Averages (EMAs) that can be plotted across different timeframes simultaneously. This enables traders to:
Track trend strength and direction across multiple timeframes.
Identify dynamic support and resistance levels.
Combine EMA signals with supply and demand zones for confluence-based trading decisions.
EMA Settings:
Fully customizable periods (e.g., EMA 20, 50, 100, etc.).
Adjustable colors and thickness for each EMA.
Multi-timeframe capability to analyze higher or lower timeframes without changing the chart.
🔹 How It Works :
The script works through a series of processes:
1.Zone Identification:
-Uses historical price patterns and pivot levels to map out supply and demand zones.
-Zones dynamically adjust to reflect market conditions, staying relevant to current price action.
-The color of the Zone can be set individually
2.Volume and Market Context:
-Integrates volume analysis to filter out weaker zones.
-Highlights zones with confluence between high volume and price rejections, signaling areas of strong institutional interest.
3.Trend Integration:
-Employs proprietary logic to assess market trends, ensuring that traders only act on zones aligned with broader momentum.
-This feature minimizes counter-trend trades, which are inherently riskier.
4.User Customization:
-Fully customizable zone sensitivity, timeframe settings, and visual preferences allow traders to adapt the tool to their strategy.
Four EMAs in sequence from Chart EMAs to Daily EMA are indicators of a strong trend
The "Base" zone of RBR and DBD supported by Daily EMAs within the zone,
is a strong meeting of buyers and sellers in the past.
Zone can be calibrated how many percent comparison of open close candle to high low candle
the number of candles in Base can be set to the maximum number of candles
🔹 Utility for Traders
The indicator provides a clear roadmap for traders by:
-Identifying high-probability trade zones.
-Confirming entries with volume and trend data.
-Offering actionable insights in both trending and ranging markets.
🔹 Why It Stands Out
Unlike generic supply and demand indicators or trend-following tools, Supply and Demand Plus incorporates an original approach by:
-Seamlessly combining zone identification, volume analysis, and trend confirmation into a single cohesive tool.
-Adapting dynamically to changing market conditions.
-Supporting advanced traders with MTFA, while remaining accessible to beginners with its intuitive design.
Example : Continuation Trader + Retests
The idea is when the "Base" zone occurs, then there is a meeting between buyers and sellers with a large enough volume and will leave a trace in the past.
In accordance with one of the principles in Dow Theory, namely History Repeats Itself, the price will return to the "Base" zone, before continuing the trend
Before
After
🔹 Update and Versioning
This script is an evolution of previous Supply and Demand tools, incorporating valuable user feedback and innovative features. All future updates, including improvements and new functionalities, will be integrated within this script under the Update feature, ensuring continuity and ease of access for users.
🔹 Conclusion
We believe that success lies in the association of the user with the indicator, opposed to many traders who have the perspective that the indicator itself can make them become profitable. The reality is much more complicated than that.
The aim is to provide an indicator comprehensive, customizable, and intuitive enough that any trader can be led to understand this truth and develop an actionable perspective of technical indicators as support tools for decision making.
🔹 DISCLAIMER/RISK WARNING
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
All content, tools, scripts, articles, & education provided by are purely for informational & educational purposes only. Past performance does not guarantee future results.
Breakaway Fair Value Gaps [LuxAlgo]The Breakaway Fair Value Gap (FVG) is a typical FVG located at a point where the price is breaking new Highs or Lows.
🔶 USAGE
In the screenshot above, the price range is visualized by Donchian Channels.
In theory, the Breakaway FVGs should generally be a good indication of market participation, showing favor in the FVG's breaking direction. This is a combination of buyers or sellers pushing markets quickly while already at the highest high or lowest low in recent history.
While this described reasoning seems conventional, looking into it inversely seems to reveal a more effective use of these formations.
When the price is pushed to the extremities of the current range, the price is already potentially off balance and over-extended. Then an FVG is created, extending the price further out of balance.
With this in consideration, After identifying a Breakaway FVG, we could logically look for a reversion to re-balance the gap.
However, it would be illogical to believe that the FVG will immediately mitigate after formation. Because of this, the dashboard display for this indicator shows the analysis for the mitigation likelihood and timeliness.
In the example above, the information in the dashboard would read as follows (Bearish example):
Out of 949 Bearish Breakaway FVGs, 80.19% are shown to be mitigated within 60 bars, with the average mitigation time being 13 bars.
The other 19.81% are not mitigated within 60 bars. This could mean the FVG was mitigated after 60 bars, or it was never mitigated.
The unmitigated FVGs within the analysis window will extend their mitigation level to the current bar. We can see the number of bars since the formation is represented to the right of the live mitigation level.
Utilizing the current distance readout helps to better judge the likelihood of a level being mitigated.
Additionally, when considering these mitigation levels as targets, an additional indicator or analysis can be used to identify specific entries, which would further aid in a system's reliability.
🔶 SETTINGS
Trend Length: Sets the (DC) Trend length to use for Identifying Breakaway FVGs.
Show Mitigation Levels: Optionally hide mitigation levels if you would prefer only to see the Breakaway FVGs.
Maximum Duration: Sets the analysis duration for FVGs, Past this length in bars, the FVG is counted as "Un-Mitigated".
Show Dashboard: Optionally hide the dashboard.
Use Median Duration: Display the Median of the Bar Length data set rather than the Average.
Same Day Price Volatility [5ema]Indicator visualizes the price volatility of the current day alongside historical volatility patterns of the same weekday across previous weeks. It highlights high, low, and total volatility ranges with interactive boxes, labels, and average lines for easy analysis.
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A. How to Calculate?
*Current Day Volatility:
High Volatility: High − Open
Low Volatility: Low − Open
Total Volatility: High − Low
*Historical Volatility:
The script scans historical data for the same weekday over the past number weeks (default: 12 weeks).
It calculates the high, low, and total volatility for each historical same day.
Average Lines:
Averages for high, low, and total volatility are calculated from historical values and plotted as dotted lines.
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B. How to Set Up?
Inputs:
Weeks Back (nb): Number of past weeks to include in historical calculations (default: 12).
Position (pos): Horizontal offset for displaying boxes and labels (default: 50).
Colors: Customize box colors for high, low, and total volatility ranges.
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C. How to Use?
Analyze Current Day Volatility:
The script displays boxes for today's high, low, and total volatility relative to the opening price.
Labels provide detailed tooltips for easy interpretation.
Compare Historical Patterns:
Historical volatility boxes for the same weekday are plotted for up to number weeks.
Labels display the exact date and volatility values for each historical day.
Utilize Average Volatility Lines:
Use the average lines to compare today's performance against historical averages for high, low, and total volatility.
Customizing Visualization:
Adjust the pos input to reposition the boxes and labels if overlapping with price data.
Modify the colors to suit your preferred visual style.
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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
Immediate Rebalance ICT [TradingFinder] No Imbalances - MTF Gaps🔵 Introduction
The concept of "Immediate Rebalance" in technical analysis is a powerful and advanced strategy within the ICT (Inner Circle Trader) framework, widely used to identify key market levels.
Unlike the "Fair Value Gap," which leaves a price gap requiring a retracement for a fill, an Immediate Rebalance fills the gap immediately, representing an instant balance that strengthens the prevailing market trend. This structure allows traders to quickly spot critical price zones, capitalizing on strong trend continuations without the need for price retracement.
The "Immediate Rebalance ICT" indicator leverages this concept, providing traders with automated identification of critical supply and demand zones, order blocks, liquidity voids, and key buy-side and sell-side liquidity levels.
Through features like crucial liquidity points and immediate rebalancing areas, this tool enables traders to perform precise real-time market analysis and seize profitable opportunities.
🔵 How to Use
The Immediate Rebalance indicator assists traders in identifying reliable trading signals by detecting and analyzing Immediate Rebalance zones. By focusing on supply and demand areas, the indicator pinpoints optimal entry and exit positions.
Here’s how to use the indicator in both bearish (Supply Immediate Rebalance) and bullish (Demand Immediate Rebalance) structures :
🟣 Bullish Structure (Demand Immediate Rebalance)
In a bullish scenario, the indicator detects a Demand Immediate Rebalance formed by two consecutive bullish candles with overlapping wicks. This structure signifies an immediate demand zone, where price instantly balances within the zone, reducing the likelihood of a revisit and indicating potential upside momentum.
Zone Identification : Look for two consecutive bullish candles with overlapping wicks, forming a demand zone. This structure, due to its rapid balance, usually does not require a revisit and supports further upward movement.
Entry and Exit Levels : If price revisits this zone, percentage markers, particularly 50% and 75%, act as supportive levels, creating ideal entry points for long positions.
Example : In the second image, an example of a Demand Immediate Rebalance is shown, where overlapping bullish candle shadows indicate immediate balance, supporting the continuation of the bullish trend.
🟣 Bearish Structure (Supply Immediate Rebalance)
In a bearish setup, the indicator identifies a Supply Immediate Rebalance when two consecutive bearish candles with overlapping wicks appear. This formation signals an immediate supply zone, suggesting a high probability of trend continuation to the downside, with minimal expectation for price to retrace back to this area.
Zone Identificatio n: Look for two consecutive bearish candles with overlapping shadows. This structure forms a supply area where price is expected to continue its downtrend without revisiting the zone.
Entry and Exit Level s: Should price revisit this zone, percentage-based levels (e.g., 50% and 75%) serve as potential resistance points, optimizing entry for short positions, especially if the downtrend is expected to persist.
Example : The attached chart illustrates a Supply Immediate Rebalance, where overlapping candle shadows define this area, reassuring traders of a continued downward trend with a low likelihood of price returning to this zone.
🔵 Settings
ImmR Filter : This filter allows users to adjust the detection of Immediate Rebalance zones in four modes, from "Very Aggressive" to "Very Defensive," based on zone width. The chosen mode controls the sensitivity of Immediate Rebalance detection, allowing users to fine-tune the indicator to their trading style.
Multi Time Frame : Enabling this option allows users to set the indicator to a specific timeframe (1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, or monthly), broadening the perspective for identifying Immediate Rebalance zones across multiple timeframes.
🔵 Conclusion
The Immediate Rebalance indicator, based on rapid balancing zones within supply and demand areas, serves as a powerful tool for market analysis and improving trade decision-making.
By accurately identifying zones where price achieves instant balance without gaps, the indicator highlights areas likely to support strong trend continuations, exempt from common retracements.
The indicator’s use of percentage levels enables traders to pinpoint optimal entry and exit points more effectively, with levels like 50% and 75% acting as support within demand zones and resistance within supply zones. This empowers traders to ride strong trends without the worry of abrupt reversals.
Overall, the Immediate Rebalance is a reliable tool for both professional and beginner traders seeking precise methods to recognize supply and demand zones, capitalizing on consistent trends.
By choosing appropriate settings and focusing on the zones highlighted by this indicator, traders can enter trades with greater confidence and improve their risk management.
Relative Measured Volatility (RMV) – Spot Tight Entry ZonesTitle: Relative Measured Volatility (RMV) – Spot Tight Entry Zones
Introduction
The Relative Measured Volatility (RMV) indicator is designed to highlight tight price consolidation zones , making it an ideal tool for traders seeking optimal entry points before potential breakouts. By focusing on tightness rather than general volatility, RMV offers traders a practical way to detect consolidation phases that often precede significant market moves.
How RMV Works
The RMV calculates short-term tightness by averaging three ATR (Average True Range) values over different lookback periods and then normalizing them within a specified lookback window. The result is a percentage-based scale from 0 to 100, indicating how tight the current price range is compared to recent history.
Here’s the breakdown:
Three ATR values are computed using user-defined short lookback periods to represent short-term price movements. An average of the ATRs provides a smoothed measure of current tightness. The RMV normalizes this average against the highest and lowest values over the defined lookback period, scaling it from 0 to 100.
This approach helps traders identify consolidation zones that are more likely to lead to breakouts.
Key Features of RMV
Multi-Period ATR Calculation : Uses three ATR values to effectively capture market tightness over the short term. Normalization : Converts the tightness measure to a 0-100 scale for easy interpretation. Dynamic Histogram and Background Colors : The RMV indicator uses a color-coded system for clarity.
How to Use the RMV Indicator
Identify Tight Consolidation Zones:
a - RMV values between 0-10 indicate very tight price ranges, making this the most optimal zone for potential entries before breakouts.
b - RMV values between 11-20 suggest moderate tightness, still favorable for entries.
Monitor Potential Breakout Areas:
As RMV moves from 21-30 , tightness reduces, signaling expanding volatility that may require wider stops or more flexible entry strategies.
Adjust Trading Strategies:
Use RMV values to identify tight zones for entering trades, especially in trending markets or at key support/resistance levels.
Customize the Indicator:
a - Adjust the short-term ATR lookback periods to control sensitivity.
b - Modify the lookback period to match your trading horizon, whether short-term or long-term.
Color-Coding Guide for RMV
ibb.co
How to Add RMV to Your Chart
Open your chart on TradingView.
Go to the “Indicators” section.
Search for "Relative Measured Volatility (RMV)" in the Community Scripts section.
Click on the indicator to add it to your chart.
Customize the input parameters to fit your trading strategy.
Input Parameters
Lookback Period : Defines the period over which tightness is measured and normalized.
Short-term ATR Lookbacks (1, 2, 3) : Control sensitivity to short-term tightness.
Histogram Threshold : Sets the threshold for differentiating between bright (tight) and dim (less tight) histogram colors.
Conclusion
The Relative Measured Volatility (RMV) is a versatile tool designed to help traders identify tight entry zones by focusing on market consolidation. By highlighting narrow price ranges, the RMV guides traders toward potential breakout setups while providing clear visual cues for better decision-making. Add RMV to your trading toolkit today and enhance your ability to identify optimal entry points!
Price Action All In OneThis indicator represents the most advanced level of price action indicators, incorporating six useful features: traditional gaps, shadow gaps, bar counting, moving averages, previous values, and IO pattern matching .
When I refer to price action, I mean the teachings of Dr. Al Brooks.
While you can find these features in other indicators, mine is more advanced. The default settings are designed to work on a 5-minute timeframe, but you can also use this indicator on other time periods if you prefer.
Gaps
Traditional Gaps: Occurs when the lowest price of a bar is higher than the highest price of the previous bar, or the highest price of a bar is lower than the lowest price of the previous bar.
Shadow/Tail Gaps: Occurs when the lowest price of a bar is higher than the highest price of the second last bar, or the highest price of a bar is lower than the lowest price of the second last bar.
Gaps indicate strength, and consecutive gaps in one direction are characteristic of a strong trend. They offer a perspective on the strength of a trend, signifying that limit orders on one side are at a loss with no opportunity to exit at breakeven. Can bulls or bears create gaps? Are the gaps they create filled, or do they remain open?
Traditional Gaps & Shadow/Tail Gaps
Bar Counting
The ability to use different timeframes (e.g., to determine the minute within an hour or the hour within a week).
Consistent display of 1; in other indicators, if you set intervals to 2, you see 2, 4, 6, etc., or 1, 2, 4, 6. In my indicator, you will see 1, 3, 5, etc.
In intraday trading, certain specific times are more important than others. For example, a form of reversal is more likely to occur at the midpoint of the trading day (if there are 80 candles in a day, the midpoint is at the 40th candle).
This doesn't mean you should make reversal trades at the 40th candle. The bar count feature simply reminds you of the current time, helping you gauge how long until the trading day ends. For instance, if there are 80 candles in a day and you're an intraday trader, you probably shouldn't make a swing trade at the 70th candle because there are only 10 candles left until the close—likely not enough time for a swing to develop.
Additionally, if you trade on a 5-minute timeframe, seeing candles numbered 3, 6, 9, etc. indicates the close of a 15-minute candle. This means that in addition to 5-minute timeframe traders, 15-minute timeframe traders will also pay attention to these candles, making them more significant. For the same reason, the 12th candle is crucial, as its close also marks the close of an hourly candle.
Day Time Frame & Week Time Frame
Moving Averages
Provides three EMAs. You can set different timeframes and choose between continuous or discrete modes.
Moving averages are excellent tools for determining trends. The 20 EMA is particularly popular, which increases its significance. Traders using different timeframes, such as 5-minute, 15-minute, and 1-hour, all utilize the 20 EMA. This indicator allows you to see what traders on 15-minute and 1-hour timeframes are observing, even when you're on a 5-minute timeframe.
Once again, the default settings of this indicator assume that the user is trading intraday on a 5-minute timeframe. However, if that's not the case, you can easily adjust the moving average periods. For instance, if you trade on a 1-hour timeframe and want to display the 4-hour and daily moving averages on your chart, this can be done effortlessly.
5m 20, 15m 20 & 1h 20
Previous Values
Features three previous value displays. You can set their sources and timeframes independently and define the range for all previous values.
For intraday trading, marking the previous day's high, low, and close prices can be crucial. While some other indicators provide this feature, mine does it better. You can set different timeframes and choose various sources. For example, you might want to display the average of (O+H+L+C)/4 for the last week.
In addition to setting the timeframe and source, you can also configure the display range:
All: This will show the data in all positions. For example, you can see the high price from two days ago on yesterday's chart.
Today: This will only display the previous day's high price on the current day's chart.
Timeframe: This will display the data based on the specified timeframe you set.
Last Week High, Last Day Close & Low(Timeframe Display)
IO Pattern Matching
More advanced than other IO pattern matching indicators. For adjacent IIs, it merges to display as III, IIII, and so on. The same applies to OO patterns. Additionally, it automatically merges adjacent IOI and II into IOII, and adjacent OO and IOI into IIOI.
II Pattern: This refers to two consecutive inside bar candles. On a lower timeframe, the II pattern forms a converging triangle, which is a breakout pattern. The II pattern could also potentially become a final flag, which is the last flag in a trend.
OO Pattern: This refers to two consecutive outside bar candles. On a lower timeframe, the OO pattern forms an expanding triangle. You can use the OO pattern similarly to how you would use an expanding triangle.
IOI Pattern: This pattern occurs when the first candle is contained within the second candle, and the third candle is also contained within the second candle. This is a breakout pattern and could similarly represent a terminal flag in a trend.
The appearance of II, OO, or IOI patterns does not necessarily mean you should make a reversal trade. These patterns are meant to mark potential moves in a lower timeframe within the current cycle, providing a new perspective on the market and reminding you to stay vigilant.
You shouldn't look for IO patterns in a tight trading range. There are many IO patterns in a tight trading range, but they don't hold much significance.
II, OO & IOI
