PROTECTED SOURCE SCRIPT
Filtered Displacement
Filtered Displacement is a precision supply and demand tool designed to strictly filter out low-quality zones. Unlike standard Order Block indicators that highlight every minor pivot, this script strictly filters for Displacement—areas where price moved aggressively enough to create a verified imbalance.
How it Works (The Logic): This script uses a strict 3-step pattern recognition system to identify valid zones:
The Origin: Identifies the base candle before a move.
The Displacement: Verifies that the move away was strong enough to Engulf the previous candle.
The Imbalance (Gap): The final filter. A zone is only valid if price moved fast enough to leave a Fair Value Gap relative to the origin. If there is no gap, the zone is ignored.
Key Features:
Auto-Cleanup: By default, zones are automatically deleted from the chart when price touches (mitigates) them. This keeps the chart focused on fresh, untested levels.
Imbalance Verification: Filters out wicks and slow grinds, leaving only zones created by momentum.
Settings:
Colors: Fully customizable.
Remove Zone When Touched: Toggle true (default) to delete zones upon retest, or false to keep them visible (they will turn gray when mitigated).
How to Use:
Green Zones (Demand): Highlights areas of verified bullish displacement.
Red Zones (Supply): Highlights areas of verified bearish displacement.
Disclaimer: This tool is provided for educational and technical analysis purposes only. It does not constitute financial advice. Trading involves significant risk, and past performance is not indicative of future results.
How it Works (The Logic): This script uses a strict 3-step pattern recognition system to identify valid zones:
The Origin: Identifies the base candle before a move.
The Displacement: Verifies that the move away was strong enough to Engulf the previous candle.
The Imbalance (Gap): The final filter. A zone is only valid if price moved fast enough to leave a Fair Value Gap relative to the origin. If there is no gap, the zone is ignored.
Key Features:
Auto-Cleanup: By default, zones are automatically deleted from the chart when price touches (mitigates) them. This keeps the chart focused on fresh, untested levels.
Imbalance Verification: Filters out wicks and slow grinds, leaving only zones created by momentum.
Settings:
Colors: Fully customizable.
Remove Zone When Touched: Toggle true (default) to delete zones upon retest, or false to keep them visible (they will turn gray when mitigated).
How to Use:
Green Zones (Demand): Highlights areas of verified bullish displacement.
Red Zones (Supply): Highlights areas of verified bearish displacement.
Disclaimer: This tool is provided for educational and technical analysis purposes only. It does not constitute financial advice. Trading involves significant risk, and past performance is not indicative of future results.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.