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S&R Zones MTF (TechnoBlooms)S&R Zones MTF – Multi-Timeframe Support & Resistance Boxes 🔍 Overview S&R Zones MTF is a professional-grade yet beginner-friendly indicator that dynamically plots Support & Resistance zones across multiple timeframes, helping traders recognize high-probability reversal areas, entry confirmations, and price reaction points. This tool visualizes structured zones as colored boxes, allowing both new and experienced traders to analyze multi-timeframe confluence with ease and clarity. 🧠 What Is This Indicator? S&R Zones MTF automatically detects the most significant support and resistance levels from up to four custom timeframes, using a configurable lookback period. These zones are displayed as colored horizontal boxes directly on the chart, making it easy to: Spot where price has historically reacted Identify potential reversal or breakout zones Confirm entries with institutional-style precision 🛠️ Key Features ✅ Multi-Timeframe Zone Detection (up to 4 timeframes) 📦 Auto Plotted Boxes for Support (Blue) & Resistance (Pink) 🧱 Dynamic Height based on average price range or fixed input 🏷️ Timeframe Labels to instantly identify zone origin 🎛️ Customizable inputs: Lookback length, box color, height style 🔁 Real-time updates as price structure changes 🎓 Educational & Easy to Use Whether you’re a new trader learning about price structure, or a professional applying institutional concepts, this tool offers an educational layout to understand: How price respects historic zones Why multi-timeframe zones offer stronger confluence How to use zones for entry, exit, or risk placement 📈 How to Use (Multi-Timeframe Strategy) Select Your Timeframes – Customize up to 4 higher timeframes (e.g., 1m, 5m, 15m, 1h). Observe Overlapping Zones – When multiple timeframes agree, those zones are more significant. Entry Confirmation – Wait for price to reach a zone, then look for reversal patterns (engulfing candle, pin bar, etc.) Combine with Other Tools – Use alongside indicators like RSI, MACD, or Order Blocks for added confidence. 💡 Pro Tips Zones from higher timeframes (1H, 4H) are often more powerful and reliable. Confluence matters: If a 15m support zone aligns with a 1H support zone — that's a high-probability reaction area. Use break-and-retest strategies with zone rejections for sniper entries. Enable "Auto Height" for a more adaptive, volatility-based zone display. 🌟 Summary S&R Zones MTF blends precision, clarity, and professional analysis into a visual structure that’s easy to understand. Whether you're learning support & resistance or optimizing your MTF edge — this tool will bring clarity to your charts and confidence to your trades.
Penunjuk Pine Script®
oleh TechnoBlooms
HTF OHLC Candle + 50% @MaxMaseratiHTF OHLC Candle + 50% @MaxMaserati This advanced multi-timeframe indicator displays higher timeframe OHLC data as visual candle boxes and extended key levels on lower timeframe charts, providing essential context for institutional trading decisions. Core Functionality: Multi-Timeframe Box Display: Main Timeframe Box (Default H4): Shows complete higher timeframe candles as colored boxes with separate body and wick visualization, including bullish (green) and bearish (red) candle representation with customizable transparency levels. Independent Box 2 (Default M15): Secondary timeframe display with lime/fuchsia color scheme, allowing traders to monitor intermediate timeframes simultaneously with different visual styling. Independent Box 3 (Default H1): Third independent timeframe with blue/orange color scheme, providing additional context for multi-timeframe analysis and confluence identification. OHLC Level Analysis: Each timeframe box includes individual Open, High, Low, and Close level lines with customizable colors and visibility settings. These levels act as key support and resistance zones that institutional traders often respect. 50% Retracement Levels: Automatic calculation and display of 50% levels between each timeframe's high and low, representing critical equilibrium zones where price often finds support or resistance during retracements. Extended Line System: Current Live Timeframe Extended Lines: Real-time extension of the forming candle's Open, High, Low, and 50% levels with customizable line weights and label positioning. TF2 Extended Lines (Default H4): Previous completed candle's key levels extended forward, showing immediate higher timeframe reference points for current price action. TF3 Extended Lines (Default Daily): Longer-term reference levels from daily or weekly timeframes, providing macro trend context and major institutional levels. Key Features: Smart Timeframe Detection: Only displays boxes for timeframes higher than the current chart timeframe, preventing redundant information and maintaining chart clarity. Global Box Limit Control: Intelligent cleanup system that maintains optimal performance by limiting total displayed elements while preserving the most recent and relevant timeframe periods. Comprehensive Customization: Full control over colors, transparency, line weights, label sizes, and visibility for each timeframe component, allowing personalized setups for different trading styles. Label System: Automatic timeframe identification labels (H4, M15, D1, etc.) positioned on each box for instant timeframe recognition and clear multi-timeframe organization. Current Candle Options: Optional display of forming/current candles for each timeframe, enabling real-time monitoring of developing price action and potential setup completion. This indicator is essential for traders utilizing multi-timeframe analysis, institutional trading concepts, and higher timeframe confluence strategies, providing clear visual representation of key levels and candle structures that drive major market movements.
Penunjuk Pine Script®
oleh MaxMaserati
🗓️ Day Separator🗓️ Day Separator – Visual Day Markers for Your Chart This script adds automatic vertical lines to visually separate each trading day on your chart. It helps you quickly identify where each day starts and ends — especially useful for intraday and scalping strategies. ✅ Features: Distinct colored lines for each weekday (Monday to Friday) Optional day-of-week labels (toggle on/off) Custom label position (top or bottom of the chart) Works on any timeframe Whether you're tracking market sessions or reviewing daily price action, this tool gives you a clean structure to navigate your charts with more clarity.
Penunjuk Pine Script®
oleh anduelgega
BE-Indicator Aggregator toolkit█ Overview: BE-Indicator Aggregator toolkit is a toolkit which is built for those we rely on taking multi-confirmation from different indicators available with the traders. This Toolkit aid's traders in understanding their custom logic for their trade setups and provides the summarized results on how it performed over the past. █ How It Works: Load the external indicator plots in the indicator input setting Provide your custom logic for the trade setup Set your expected SL & TP values █ Legends, Definitions & Logic Building Rules: Building the logic for your trade setup plays a pivotal role in the toolkit, it shall be broken into parts and toolkit aims to understand each of the logical parts of your setup and interpret the outcome as trade accuracy. Toolkit broadly aims to understand 4 types of inputs in "Condition Builder" Comments : Line which starts with single quotation ( ' ) shall be ignored by toolkit while understanding the logic. Note: Blank line space or less than 3 characters are treated equally to comments. Long Condition: Line which starts with " L- " shall be considered for identifying Long setups. Short Condition: Line which starts with " S- " shall be considered for identifying Short setups. Variables: Line which starts with " VAR- " shall be considered as variables. Variables can be one such criteria for Long or short condition. Building Rules: Define all variables first then specify the condition. The usual declare and assign concept of programming. :p) Criteria Rules: Criteria are individual logic for your one parent condition. multiple criteria can be present in one condition. Each parameter should be delimited with ' | ' key and each criteria should be delimited with ' , ' (Comma with a space - IMPORTANT!!!) █ Sample Codes for Conditional Builder: For Trading Long when Open = Low For Trading Short when Open = High with a Red candle 'Long Setup <---- Comment L-O|E|L ' E <- in the above line refers to Equals ' = ' 'Short Setup S-AND:O|E|H, O|G|C ' 2 Criteria for used building one condition. Since, both have to satisfied used "AND:" logic. Understanding of Operator Legends: "E" => Refers to Equals "NE" => Refers to Not Equals "NEOR" => Logical value is Either Comparing value 1 or Comparing value 2 "NEAND" => Logical value is Comparing value 1 And Comparing value 2 "G" => Logical value Greater than Comparing value 1 "GE" => Logical value Greater than and equal to Comparing value 1 "L" => Logical value Lesser than Comparing value 1 "LE" => Logical value Lesser than and equal to Comparing value 1 "B" => Logical value is Between Comparing value 1 & Comparing value 2 "BE" => Logical value is Between or Equal to Comparing value 1 & Comparing value 2 "OSE" => Logical value is Outside of Comparing value 1 & Comparing value 2 "OSI" => Logical value is Outside or Equal to Comparing value 1 & Comparing value 2 "ERR" => Logical value is 'na' "NERR" => Logical value is not 'na' "CO" => Logical value Crossed Over Comparing value 1 "CU" => Logical value Crossed Under Comparing value 1 Understanding of Condition Legends: AND: -> All criteria's to be satisfied for the condition to be True. NAND: -> Output of AND condition shall be Inversed for the condition to be True. OR: -> One of criteria to be satisfied for the condition to be True. NOR: -> Output of OR condition shall be Inversed for the condition to be True. ATLEAST:X: -> At-least X no of criteria to be satisfied for the condition to be True. Note: "X" can be any number NATLEAST:X: -> Output of ATLEAST condition shall be Inversed for the condition to be True WASTRUE:X: -> Single criteria WAS TRUE within X bar in past for the condition to be True. Note: "X" can be any number. ISTRUE:X: -> Single criteria is TRUE since X bar in past for the condition to be True. Note: "X" can be any number. Understanding of Variable Legends: While Condition Supports 8 Types, Variable supports only 6 Types listed below AND: -> All criteria's to be satisfied for the Variable to be True. NAND: -> Output of AND condition shall be Inversed for the Variable to be True. OR: -> One of criteria to be satisfied for the Variable to be True. NOR: -> Output of OR condition shall be Inversed for the Variable to be True. ATLEAST:X: -> At-least X no of criteria to be satisfied for the Variable to be True. Note: "X" can be any number NATLEAST:X: -> Output of ATLEAST condition shall be Inversed for the Variable to be True █ Sample Outputs with Logics: 1. RSI Indicator + Technical Indicator: StopLoss: 2.25 against Reward ratio of 1.75 (3.94 value) Plots Used in Indicator Settings: Source 1:- RSI Source 2:- RSI Based MA Source 3:- Strong Buy Source 4:- Strong Sell Logic Used: For Long Setup : RSI Should be above RSI Based MA, RSI has been Rising when compared to 3 candles ago, Technical Indicator signaled for a Strong Buy on the current candle, however in last 6 candles Technical indicator signaled for Strong Sell. Similarly Inverse for Short Setup. L-AND:ES1|GE|ES2, ES1|G|ES1 L-ES3|E|1 L-OR:ES4 |E|1, ES4 |E|1, ES4 |E|1, ES4 |E|1, ES4 |E|1, ES4 |E|1 S-AND:ES1|LE|ES2, ES1|L|ES1 S-ES4|E|1 S-OR:ES3 |E|1, ES3 |E|1, ES3 |E|1, ES3 |E|1, ES3 |E|1, ES3 |E|1 'Note: Last OR condition can also be written by using WASTRUE definition like below 'L-WASTRUE:6:ES4|E|1 'S-WASTRUE:6:ES3|E|1 Output: 2. Volumatic Support / Resistance Levels : Plots Used in Indicator Settings: Source 1:- Resistance Source 2:- Support Logic Used: For Long Setup : Long Trade on Liquidity Support. For Short Setup : Short Trade on Liquidity Resistance. 'Variable Named "ChkLowTradingAbvSupport" is declared to check if last 3 candles is trading above support line of liquidity. VAR-ChkLowTradingAbvSupport:AND:L|G|ES2, L |G|ES2, L |G|ES2 'Variable Named "ChkCurBarClsdAbv4thBarHigh" is declared to check if current bar closed above the high of previous candle where the Liquidity support is taken (4th Bar). VAR-ChkCurBarClsdAbv4thBarHigh:OR:C|GE|H , L|G|H 'Combining Condition and Variable to Initiate Long Trade Logic L-L |LE|ES2 L-AND:ChkLowTradingAbvSupport, ChkCurBarClsdAbv4thBarHigh VAR-ChkHghTradingBlwRes:AND:H|L|ES1, H |L|ES1, H |L|ES1 VAR-ChkCurBarClsdBlw4thBarLow:OR:C|LE|L , H|L|L S-H |GE|ES1 S-AND:ChkHghTradingBlwRes, ChkCurBarClsdBlw4thBarLow Output 1: Day Trading Version Output 2: Scalper Version Output 3: Position Version
Penunjuk Pine Script®
oleh TradeWiseWithEase
3
Williams Percent Range with ThresholdEnhance your trading analysis with the "Williams Percent Range with Threshold" indicator, a powerful modification of the classic Williams %R oscillator. This custom version introduces customizable uptrend and downtrend thresholds, combined with dynamic candlestick coloring to visually highlight market trends. Originally designed to identify overbought and oversold conditions, this script takes it a step further by allowing traders to define specific threshold levels for trend detection, making it a versatile tool for momentum and trend-following strategies. Key Features: Customizable Thresholds: Set your own uptrend (default: -16) and downtrend (default: -67) thresholds to adapt the indicator to your trading style. Dynamic Candlestick Coloring: Candles turn green during uptrends, red during downtrends, and gray in neutral conditions, providing an intuitive visual cue directly on the price chart. Flexible Length: Adjust the lookback period (default: 50) to fine-tune sensitivity. Overlay Design: Integrates seamlessly with your price chart, enhancing readability without clutter. How It Works: The Williams %R calculates the current closing price's position relative to the highest and lowest prices over a specified period, expressed as a percentage between -100 and 0. This version adds trend detection based on user-defined thresholds, with candlestick colors reflecting the trend state. The indicator plots the %R line with color changes (green for uptrend, red for downtrend) and includes dashed lines for the custom thresholds. Usage Tips: Use the uptrend threshold (-16 by default) to identify potential buying opportunities when %R exceeds this level. Apply the downtrend threshold (-67 by default) to spot selling opportunities when %R falls below. Combine with other indicators (e.g., moving averages or support/resistance levels) for confirmation signals. Adjust the length and thresholds based on the asset's volatility and your trading timeframe.
Penunjuk Pine Script®
oleh xdextra
RSI First Condition SignalsBuy signal with the exit of RSI from the bottom to the top of the number 30. Sell signal with RSI exit from above 70 to below. The longer the RSI stays above the overbought zone, i.e above 70, and then breaks below 70, the stronger the sell signal. The longer the RSI stays below thw oversold zone, i.e. below 70, and then exits above 30,the stronger the buy signal. And if the RSI exits below the 70 line with a steeper slope, the sell signal is valid. And if the RSI exits with a steeper slope above 30, the buy signal is valid .
Penunjuk Pine Script®
oleh imvkmahato
Advanced DMA Pattern Detection SystemAdvanced DMA Pattern Detection System with Smart Intelligence Professional-grade moving average indicator that combines traditional DMA analysis with advanced pattern recognition and probabilistic forecasting. Core Features: 6 Key DMAs (5, 10, 20, 50, 100, 200) with descriptive labels showing trading purpose Advanced Pattern Recognition - Detects Institutional Accumulation, Distribution Phases, Bull/Bear Transitions, and Choppy Markets Probability Engine - Assigns confidence scores (0-100%) with Low/Medium/High classifications Historical Validation - Tracks success rate of last 20 pattern signals for real performance data Smart Alert System - Only triggers on significant pattern changes (20%+ probability shifts) Dual Display System: Movable Information Table - Shows current pattern, probability, confidence level, success rate, and recommended action Chart Alerts & Background Colors - Visual confirmation of high-confidence setups (80%+ patterns) Traditional DMA Labels - Clear identification of each average's trading significance Complete Customization: Master on/off controls for entire system Individual toggles for all components (DMAs, table, alerts, colors) Adjustable alert sensitivity (Conservative/Medium/Aggressive) 6 table positions to fit any chart layout Perfect For: Swing traders, position traders, and anyone wanting systematic trend analysis with quantified probability scores rather than subjective interpretation. Bottom Line: Transforms basic moving averages into an intelligent trading system that tells you exactly what the market structure means and what to do about it.
Penunjuk Pine Script®
oleh Sakett_Guptaa
Gold vs DXYThe 30-day rolling correlation between Gold (XAU/USD) and the US Dollar Index (DXY) shows how closely the two move together — or more often, in opposite directions — over the last 30 trading days. In most market environments, the relationship is pretty straightforward: when the dollar goes up, gold tends to go down, and vice versa. That’s because gold is priced in dollars, so a stronger dollar makes it more expensive for international buyers, which usually softens demand. But it’s not always that simple. There are times when this inverse correlation breaks down. For example, if real yields (like the US 10-year yield minus inflation expectations) are rising, that can pressure gold even if the dollar is falling — because higher real returns elsewhere make gold less attractive. Another case is when other currencies, like the euro or yen, rally strongly on their own central bank decisions. This can pull DXY lower without necessarily signaling weakness in the U.S. economy — meaning gold might not benefit much. There are also “risk-on” moments where investors rotate into equities or crypto, selling off both gold and the dollar in favor of yield or momentum. And during periods of crisis or uncertainty, both gold and the dollar can rise together as safe-haven assets, breaking the usual pattern entirely. That’s why tracking the rolling correlation is helpful. It shows whether the historical relationship between gold and the dollar is still holding — or if we’re entering a different market regime. It’s not about predicting exact price moves, but about understanding the current backdrop. When gold and DXY are moving out of sync as expected, it can support your trade thesis. But when the correlation flattens or flips, it’s often a sign to dig deeper — macro forces may be shifting.
Penunjuk Pine Script®
oleh GER-Quality-Trades
🧪 Yuri Garcia Smart Money Strategy FULL (Slope Divergence))📣 Yuri Garcia – Smart Money Strategy FULL This is my private Smart Money Concept strategy, designed for my family and community to learn, trade, and grow sustainably. 🔑 How it works: ✅ Volume Cluster Zones: Automatically detects areas where strong buyers or sellers concentrate, acting as dynamic S/R levels. ✅ HTF Institutional Zones (4H): Higher timeframe trend filter ensures you’re always trading in the direction of major flows. ✅ Wick Pullback Filter: Confirms price rejects the zone, catching smart money traps and reversals. ✅ Cumulative Delta (CVD): Confirms whether buyers or sellers are truly in control. ✅ Slope-Based Divergence: Optional hidden divergence between price & CVD to spot reversals others miss. ✅ ATR Dynamic SL/TP: Adapts stop loss and take profit to live volatility with adjustable risk/reward. 🧩 Visual Markers Explained: 🟦 Blue X: Price inside HTF zone 🟨 Yellow X: Price inside Volume Cluster zone 🟧 Orange Circle: Wick pullback detected 🟥 Red Square: CVD confirms order flow strength 🔼 Aqua Triangle Up: Bullish slope divergence 🔽 Purple Triangle Down: Bearish slope divergence 🟢 Green Triangle Up: Final Long Entry confirmed 🔴 Red Triangle Down: Final Short Entry confirmed ⚡ Who is this for? This strategy is best suited for traders who understand smart money concepts, order flow, and want an adaptive framework to trade major assets like BTC, Gold, SP500, NASDAQ, or FX pairs. 🔒 Important Use responsibly, backtest extensively, and combine with solid risk management. This is for educational purposes only. ✨ Credits Built with ❤️ by Yuri Garcia – dedicated to my family & community. ✅ How to use it 1️⃣ Add to chart 2️⃣ Adjust inputs for your asset & timeframe 3️⃣ Enable/disable slope divergence filter to match your style 4️⃣ Set your alerts with built-in conditions
Strategi Pine Script®
oleh YGD_CONSULTING_LLC
Volume Delta Pressure Tracker ⚡ by GSK-VIZAG-AP-INDIA📢 Title: Volume Delta Pressure Tracker ⚡ by GSK-VIZAG-AP-INDIA 📝 Short Description (for script title box): Real-time volume pressure tracker with estimated Buy/Sell volumes and Delta visualization in an Indian-friendly format (K, L, Cr). 📃 Full Description 🔍 Overview: This indicator estimates buy and sell volumes using candle structure (OHLC) and displays a real-time delta table for the last N candles. It provides traders with a quick view of volume imbalance (pressure) — often indicating strength behind price moves. 📊 Features: 📈 Buy/Sell Volume Estimation using the candle’s OHLC and Volume. ⚖️ Delta Calculation (Buy Vol - Sell Vol) to detect pressure zones. 📅 Time-stamped Table displaying: Time (HH:MM) Buy Volume (Green) Sell Volume (Red) Delta (Color-coded) 🔢 Indian Number Format (K = Thousands, L = Lakhs, Cr = Crores). 🧠 Fully auto-calculated — no need for tick-by-tick bid/ask feed. 📍 Neatly placed bottom-right table, customizable number of rows. 🛠️ Inputs: Show Table: Toggle the table on/off Number of Bars to Show: Choose how many recent candles to include (5–50) 🎯 Use Cases: Identify hidden buyer/seller strength Detect volume absorption or exhaustion ✅ Compatibility: Works on any timeframe Ideal for intraday instruments like NIFTY, BANKNIFTY, etc. Ideal for volume-based strategy confirmation. 🖋️ Developed by: GSK-VIZAG-AP-INDIA
Penunjuk Pine Script®
oleh prowelltraders
ATR: Тело % + Диапазоны и АномалииEssentially, this combined indicator is a powerful tool for: Analyzing candlestick anatomy: Quickly understanding how much of a candlestick’s overall range is in its body, indicating the strength of buying or selling pressure versus uncertainty. Volatility estimates: Understanding the typical pip range of bars, adjusted for the tick size of the instrument. Identifying anomalies: Highlighting unusually small or large bar ranges that may signal changes in market momentum or significant events. Average range filtering: Providing a clearer picture of average market volatility by excluding extreme outliers from the calculation. This comprehensive approach can help traders make more informed decisions by gaining a deeper understanding of the nuances of price action and market volatility.
Penunjuk Pine Script®
oleh ochenmac
1
Bollinger Bands📊 Bollinger Bands Strategy: Ride the Waves of Volatility 🌊 Bollinger Bands are a powerful tool to identify overbought and oversold conditions, volatility breakouts, and price reversals. This strategy uses: 🔹 Middle Band – 20-period simple moving average 🔹 Upper & Lower Bands – 2 standard deviations away from the SMA 💡 Strategy Logic: Buy Entry: When price closes below the lower band and RSI < 30 → Expect mean reversion. Sell Entry: When price closes above the upper band and RSI > 70 → Possible pullback. Exit: Near middle band or opposite band. 📈 You can also use Bollinger Band squeezes to detect upcoming breakouts. Less distance = low volatility → Expansion = potential big move! 🧠 Great for swing trading or intraday scalping with proper risk management.
Penunjuk Pine Script®
oleh accountsbnlew
HMA Trend Line (Croc Signal Line)HMA Trend Line (Croc Signal Line) — The Ultimate Hull Moving Average Trend Indicator Full English description here: What is the HMA Trend Line (Croc Signal Line)? The HMA Trend Line (Croc Signal Line) is a powerful, adaptive trend indicator for TradingView, based on the Hull Moving Average (HMA). This indicator is designed to help traders identify real market trends with less lag and reduced noise compared to traditional moving averages like SMA (Simple Moving Average) and EMA (Exponential Moving Average). Why use the HMA Trend Line? + Faster Trend Detection: The Hull Moving Average (HMA) responds more quickly to price action, giving you earlier buy and sell signals. + Smoother and Cleaner: It provides a visually clean trend line that avoids the choppiness of classic EMAs and SMAs. + Reduced Lag: The HMA Trend Line follows the market closer, helping you avoid late entries or exits and spot trend reversals sooner. + Dynamic Support and Resistance: Use the line as a dynamic support or resistance to manage trades and identify pullbacks or breakouts. What does “Croc Signal Line” mean? The “Croc” in Croc Signal Line stands for: + Clean + Responsive + Optimized + Curve This highlights the unique advantage of this indicator: a curve that is both fast-reacting and smooth, helping traders focus on real trends and filter out market noise. How does the Hull Moving Average (HMA) work? The HMA was developed by Alan Hull and uses weighted moving averages and a unique calculation to deliver both responsiveness and smoothness. Unlike standard moving averages, the HMA reacts faster to new price moves and avoids false signals in ranging or volatile markets. How to use the HMA Trend Line (Croc Signal Line) on TradingView? + Watch for price crossing above the trend line for potential bullish signals, and below for bearish signals. + Use on any timeframe: from 1-minute scalping to daily, weekly, or even monthly charts. + Works with all asset classes: Forex, stocks, indices, cryptocurrencies, commodities, and futures. + Combine with other indicators (like Stochastics, RSI, or volume) for confirmation and to build your unique trading strategy. + Adjust the Signal Line Period for your market and style: shorter periods for faster markets, longer for smoother trends. Who should use this indicator? + Day traders, swing traders, and long-term investors looking for reliable, actionable trend signals. + Anyone seeking a cleaner, more responsive alternative to the classic moving averages. + Traders who want a simple, visually clear way to filter out market noise and see real price direction. Disclaimer: This indicator is for educational and study purposes only. Please perform your own backtesting and analysis before using it in live trading. This script does not constitute financial advice. Use at your own risk. --------
Penunjuk Pine Script®
oleh mesuon
Fair Value MSThis indicator introduces rigid rules to familiar concepts to better capture and visualize Market Structure and Areas of Support and Resistance in a way that is both rule-based and reactive to market movements. Typical "Market Structure" or "Zig-Zag" methods determine swing points based on fixed thresholds (length or percentage). While this does provide rigid structure, the results may be lagging or confusing due to the timing, since it is fixed to static parameters. I believe the concept of Fair Value Gaps can solve this problem. As you will notice, there are no length settings in this indicator. > FVG Market Structure Fair Value Gaps are a well known concept used to indicate directional intent, forming when price moves aggressively in one direction, leaving behind an imbalance between buyers and sellers. While the term FVG was popularized by ICT, the underlying concept predates them, known historically as imbalances, inefficiencies, or liquidity voids in institutional trading. Note: For simplicity, in this indicator they'll be called FVGs. By reading into this, we are able to clearly and rigidly define market structure simply by "looking" at the chart, using objective price events rather than subjective interpretation, or lengths. By using FVGs to determine structure direction, the length, and speed of identification lies entirely on the market. If an FVG Down occurs immediately after a New Higher High forms, it is reasonable to assume there was a seller at that point, so the script would indicate a New Swing High. The script is NOT stuck, waiting for a % retrace, or # bars to pass to identify it as such. Sometimes the market is in a steady trend in a single direction and no FVGs form; therefore, no structure forms. -> Why would we try to impose structure on a clear trend? Ultimately, the FVG Structure Method uses real reactions from the market to determine Market structure, and is not fixed to specific parameters. As with other market structure indicators, "Market Structure Breaks" are still identifiable when price moves outside the most recent swing points. These are helpful to indicate larger direction. In the following section you will see how these help us determine when we should start the search for an "Area of Interest (AOI)". > Areas of Interest (AOIs) "Area of Interest (AOI)" is a generalized term, and could refer to many types of zones you might recognize under different names. While the AOIs in this indicator are specialized in their own way, I have chosen to simply use the term "Area of Interest" because it’s more important to understand how they behave and why they exist than to focus on what they’re called. The goal of an AOI is to point out reasonable areas where buyers or sellers may be staging, as is typical with support and resistance. In order to reasonably identify these areas, we look for cause and effect relationships. When considering these relationships, it's easier to understand the placement of the points to define each zone. (Buyer Examples) Cause: Strong Buyers step in at Swing Low Effect: Fair Value Gap Forms Cause: Sustained Buying Pressure Effect: Market Structure Breaks In this example, The zone is drawn from the Swing Low, to the Bottom of the FVG closest to the swing point. In theory, the participation at the swing point was strong and aggressive enough to create the FVG imbalance. Which then found acceptance and continued into a Market Structure Break. So with these AOIs, we are trying to locate the aggressive Buyers or Sellers which were positioned BEFORE the FVG. These Zones are intended to act as areas to look for reactions from market participants, to judge where price may be going. When revisiting these zones, we look for a reaction or a break, to further provide us information to if the buyers or sellers are still there. As seen in the screenshot above, The information we gain is not from the creation of these zones, but from the behavior we witness when these zones are revisited. Technical Note: In this indicator, Market Structure Breaks are only considered when price closes outside the recent swing points. Wicks are not considered as confirmation, therefore are not used to detect structural breaks. Inside each AOI you can optionally display a readout of the volume which accumulated during the time starting at the swing point and going until the closing bar of the FVG. Note: We are counting volume until the closing bar of the FVG since the FVG is a 3 bar formation, and aggressive volume is required throughout to create the imbalance. There are multiple FVGs that typically occur in a single direction, but we do not look to every single one to be indicative of structure, only the first FVG in the opposite direction of the previous direction (which is determined by previous FVGs) You will probably notice, the AOIs do not form from the closest swing or FVG to the break, this is because we are targeting larger directional changes to draw these AOIs from. Since they do not always happen perfectly every time, the AOI formation waits for an FVG to occur AND a Market structure break to happen. One without the other will result in no Zone displaying. > Reflection Lines While they may seem slightly redundant, Reflection Lines serve as reminders of previous support and resistance pivots. They are drawn at the same Pivots where and AOI is formed, and extend beyond the mitigation of the AOI. These lines are often points of price to look for "Support Flips", a re-test pattern where price trades through previous support (or resistance) then returns to it and rejects, continuing into a larger move or trend. Their namesake is based on the behavior of price, "reflecting" at these levels. The Reflection lines are simple and change color based on price's location. If price is above, we would typically look to a reflection line in with support in mind. As a basic filter, these lines use an average price to determine their color, this way they will not change their color as frequently in choppy situations. > Session Start/End Lines For analysis purposes and trade review, it is helpful to analyze with context. For that reason, I have implemented start and end session lines into the indicator, these are helpful when reviewing historical charts to not provide additional context. By default, they are set to the NYSE Session, but can be changed to fit any needs. These lines are not advanced, and simply draw a line as the chart passes the start and end of the sessions. It's very likely that you may need to adjust the session for your specific needs. Note: The Timezone can be adjusted within the code if needed. By Default, the indicator uses "America/New_York" Timezone. > Conclusion If you’ve ever felt like your structure tools were confusing or lagging, drawing zones too late, or zones that simply don't make sense, this should feel like a breath of fresh air. By removing arbitrary length settings and instead using FVGs to define structure and as a basis for AOIs, you're getting a more accurate look at what price is doing and where it's reacting from. This indicator is rule-based, reactive, and aims to keep things logical without fluff or false confidence. Enjoy!
Penunjuk Pine Script®
oleh SamRecio
2