Next-Gen Engulfing Retracement█ OVERVIEW
If you follow my work closely, you know my obsession with OrderBlocks and Retracements. We will reuse the same logic,
but using candle engulfments and candle engulfment reversals. It is the latter that we will interpret as OrderBlocks, and candle engulfments as
buy or sell signals.Instead of using the price and the average of the candles, here we prefer to use 4 exponential moving averages over 4 different
periods with a true range for detecting volatility and determining if a candle should be considered engulfed or not.
(note : if you know the principle of candle engulfment you should know that a bullish engulfment does not necessarily mean a buy signal).
█ HOW TO INTERPRET?
1 • We use last detected 'Bearish/Bullish Reversal Engulfing Candle' as an Retracement Level.
(Keep in mind Historical Retracements with extended lines is still useful and can still have an impact on the actual trend).
2 • We use 'Bearish/Bullish Candle' as confirmation of entry point.
3 • You can play with the 'Maximum Volatility' value or the 'True Range' Multiplier value to filter detected engulfing as you want.
4 • HTF and Auto HTF option available.
5 • Everything is customizable in settings (show inputs, colors, lines size etc...)
6 • Alerts is available for Engulfing Candle and Crossing Lines.
█ NOTES
- This script is not beginner's Level and is intended for Traders with advanced knowledge of Candlestick Patterns and the work of Michael j. Huddleston on the OrderBlocks.
Good Trade everyone and remember, risk management remains the most important!
Orderblocks
ZigZag OrderBlock Retracement█ INTRODUCTION
What is an OrderBlock? It is simply Price where Banks (or Large Financial Entities) have Bought or Sold heavily (Support or Resistance Institutional Zone).
Our job as a trader is to monitor what the Banks and/or Large Investors are doing then patiently wait and have the opportunity to surf in their direction.
Large Financial Entities Buy during Price drops to get the best purchase Price. The Bank are acting a bit like us in our everyday life,
When we want Buying something, we always try to Buy it at the best price. And when we Sell, take the example of a used Car, we will systematically
try to Sell it at the highest possible Price. The Price of convertible Cars goes down during the Winter and goes up during the Summer.
So to make the best operation, if you Buy a second-hand convertible you will prefer to Buy it during the Winter and Sell it immediately in the Summer
and not Vice versa. So the way Large Institution act is exactly the same, it will expect the Price to Buy the fall and they will wait until
the Price rises in order to Sell. This is how the Profits will be made. The mistake that many Traders makes when they Trade emotionally is to act
in the opposite way of what they will do in everyday life. When we trade emotionally, we see the Price fall, instead of Buying while the Price drops we Sell.
In a similar emotional based act when the Price goes up we Buy, while when the Price goes up it's the best opportunity to Sell. So all the big moves
that you can watch on your different Instruments are the result of Banks or other Large Financial Entities. As Individuals, we do not have the necessary
“Strike Force” to create this type of movement. However, it is important to note that when Banks or Large Entities create this type of movement,
they do so despite theirs willing, they would love to be able to hide but luckily for us they can’t. When Billions of Dollars are Invested in Trades,
the effect can’t be concealed and as a result we will observe the impact on the market then as an Individual we’ll be able to see that on our Charts.
There are many ways to locate these areas of interest. But as they say, all roads lead to Rome. The purpose remains the Price Study
and in particular the movements of strong amplitude on the Chart. Large Financial Entities will keep acting in the same Price areas, Or at least we can say
that there's a high probability for them to intervene in these zones. Therefore, rather than chasing the Price moves and then to endure a counter move,
we will patiently wait until the Price returns to these areas on the basis that Banks and, or Large Entities will accumulate on their Positions
and are going to Sell and Buy in the same Price areas. Keep in mind that this logic works no matter what TimeFrame is used. However when the have Analysis
on Small TimeFrame (between M15 and H1) will make the movements observed between 20 and 50 Pips. Whereas if we look at H4 or Daily,
we can really see movements of 100 or even 200 Pips.
█ OVERVIEW
The ZigZag Indicator is used to illustrate Trend Lines without taking into account intermediate Retracements.
In a way, it allows you to get to the point by giving a simplified view of the evolution of Prices by eliminating "parasitic" movements, and thus to Position
and unwind Positions at the appropriate times. It is part of the category of Trend Indicators. We will simply define a Level of Price variation below which
they will not be taken into account by the indicator. This will eliminate all minor fluctuations, depending on the desired sensitivity.
The Indicator can only have 2 directions, Up or Down. For example, setting the Indicator to 5% (ZigZag Length ) will eliminate all variations below 5%.
If the Trend is Bullish and the Indicator therefore oriented in the same direction, Prices will have to fall by at least 5% for the direction
of the ZigZag to reverse Downward. Why using ZigZag to search for our OrderBlock? ZigZag makes it possible to clearly identify the current Trend as well
as significant Reversals and therefore have a much clearer vision of the actions carried out by Banks / Large Entities. However, it is drawn up
a posteriori and therefore does not make it possible to predict the evolution of Prices. The turning points are Indicated with a delay proportional
to the chosen sensitivity. The indicator calculates the Lowest Price over the given Period and eliminates Prices that are below the minimum requested
Array Size. Then, it calculates the Highest Price over the given Period and eliminates the Prices that are below the minimum requested Array Size.
Finally, it draws the Trend Line that connects the High and Low points determined previously and use the sum of the two to determinate the Range area.
█ HOW TO INTERPRET?
• The Indicator creates Lines that demonstrate past Retracements and current Pivots Levels to get a clearer view of the next Retracement area
using the Lines from the Last High and Low Pivots to determine which Take-Profit or Stop-Loss set.
• The "OrderBlocks" are detected based on the Pivots founds. You can display the Prices and use theses to help you set your Take-Profit during Retracement.
• Possibility to display the Levels of detected Pivots point. This can permit to dispense with the use of Elliot Waves or the use of a Fibonacci.
• Donchian ZigZag Channels to be sure to always have seen the extremities of the Top, Bottom and Range area.
• The ZigZag Length is set to 5 by default. You will have to adjust it according to selected TimeFrame or Financial Instrument used.
• The ZigZag has 3 adjustable colors:
-Green = Bullish Trend
-Red = Bearish Trend
-Orange = Range Zone
It is not advisable to enter Position when the ZigZag color indicates a Range Zone.
- OrderBlocks
- ZigZag + Pivots Point
- Donchian ZigZag Channel
█ ALERTS
Following the request of many users on our other script concerning the late arrival of Alerts for detected OrderBlocks (on Institutional OrderBlock Pressure), we fixed this problem here with the arrival INSTAN and CONFIRM ALERTS .
█ NOTES
- This script is not beginner's Level and is intended for Traders with advanced knowledge of ZigZag and the work of Michael j. Huddleston on the OrderBlocks.
Good Trade everyone and remember, risk management remains the most important!
Order Blocks with signalsIn order to trade the order blocks effectively, you have to look for an area on the price chart where the price had a large move. This script automatically draws the order blocks for you, so you don't have to.
Blue OB (supply): search for short opportunities
Green OB (demand): search for long opportunities
Please be aware: Do not buy and sell from every order block.
You can set two types of alerts:
- Buy
- Sell
Some short information about order blocks:
Order blocks are huge institutional buy or sell orders placed over a particular period. During these, the institutional players are looking to build up their positions in the markets.
Higher order Orderblocks + Breakerblocks + Range + AlertsThis script identifies Orderblocks, Breakerblocks and Range using higher order pivots and priceaction logic.
I tried to reduce the number of blocks to make the chart cleaner, for this purpose I use only second order pivots for both MSB lines and supply/demand boxes, I also tried to filter out shifts in MS and false breakouts.
Any box has GRAY color until it gets tested.
After successful test box gets colors:
RED for Supply
GREEN for Demand
BLUE for any Breakerblocks
For cleaner chart and script speed all broken boxes deletes from chart.
It gives comparatively clean chart on any TF, even on extra small (5m, 3m, 1m).
For Range there is option to plot 0.25, 0.5, 0.75 lines.
I usually use log scale on charts and there is an option to use it for proper range mean.
In previous my scripts i have requests to make alerts and this time i made it.
It has customizable alert catching all needed alerts into one output:
- Alert MSB - when market structure changes alert will inform you about its direction, MSB line and new Demand/Supply.
- Alert Orderblock or Breakerblock test - alerts when block was tested and it holds (in other words when it get RED/GREEN/BLUE colors)
- Alert New Range - when new range detected
- Alert Range test - alerts when range top or botoom was tested and it holds.
some examples :
AG FX - Pivot PointsPivot Points High Low
Definition
The Pivot Points High Low indicator is used to determine and anticipate potential changes in market price and reversals. The Highs referred to in the title are created based on the number of bars that exhibit lower highs on either side of a Pivot Point High, whereas the Lows are created based on the number of bars that exhibit higher lows on either side of a Pivot Point Low.
Calculations
As mentioned above, Pivot Point Highs are calculated by the number of bars with lower highs on either side of a Pivot Point High calculation. Similarly, Pivot Point Lows are calculated by the number of bars with higher lows on either side of a Pivot Point Low calculation.
Takeaways and what to look for
A Pivot Point is more significant or noteworthy if the trend is extended or longer than average. This can mean if a trader selects a higher period for before and after the Pivot Point, the trend could be longer and therefore prove the Pivot Point itself more notable.
Additionally, Pivot Points can help a trader assess where would be best to draw. By analyzing price changes and reversals, a trader has more of an ability to determine and predict price patterns and general price trends.
Summary
The Pivot Points High Low indicator can predict and determine price changes and potential reversals in the market. Pivot Points can also help traders identify price patterns and trends, depending on the period and significance of the Pivot Point value.
Order BlocksThis script analyses candle stick patterns and draws order blocks in real time, it is designed to be very easy to use and works on all markets.
With a simple sensitivity configuration to control the range of candles in scope for analysis, the order blocks are automatically drawn and removed in real time if price action closes through an order block.
MTF Order Block FinderAn Order Block is a special type of pivot point that satisfies the following requirement:
A Bull/Bear candle followed by X consecutive candles in the opposite direction.
Order Blocks are interesting areas that are frequently revisited and can be treated as Support/Resistance levels.
Often, you can see explosive price rejection of these areas via long wicks, high volume, and rapid price change.
Features
Choose from two themes:
- LIGHT: a classic Red and Green representing Bearish and Bullish OBs, respectively
- DARK: a clean Blue and White scheme
Choose from two drawing styles:
- LINE: three lines representing the High, Low, and Mid price levels of the OB candle
- BOX: a bounded area similar to the "rectangle" tool
Chose a custom timeframe:
- From 1 Minute (useful for Seconds interval) up to 1 Month
Note, this setting is experimental and choosing a timeframe that is extraordinarily large may not function properly.
Filter order blocks with two settings:
- Number of consecutive bars
- Minimum % change of the potential OB bar (default 0.25%)
Keep your charts clean and show only relevant OBs
- Maximum number of Bullish zones to show
- Maximum number of Bearish zones to show
FAQ
Q: How do I trade with this indicator?
A:Personally, I use a fast entry indicator to confirm Long/Short position when price is rejected. I set my SL and TP based on the current Zone and the next one, if available.
Q: Does this repaint?
A:Yes and this is okay! The "Bear" and "Bull" signals are not meant for taking positions, only showing which candle reveals the Order Block. The Zone is much more useful to us and can result in several successful trades in the near future when treated as a support/resistance area.
Q What's the winrate?
A:Hard to say - this isn't a standalone strategy and I haven't been able to properly backtest it quite yet.
Stocky OB v3Highlights engulfing order blocks where price moves away quickly from and highlights important levels.
v3 updated script so alerts actually work
DOP - Load-Level Identification & Setup Assistant (L.I.S.A)This toolkit is made up of more than 3+ innovative indicators that have been designed to assist people in trading smart-money concepts. Get access to a variety of trading tools & relevant data all within one indicator to create your own, smart-money trading strategy.
Catering To SMART-Money Trading Styles
Our toolkit works in any market & allows users to:
• Detect the trend of the market by displaying real-time changes in market structure.
• Detect institutional activity in the market by highlighting structural changes.
• Get automatic order block support and resistance levels in real-time to assist with order entry placement and target take profit levels.
• Timely removal of order blocks that have been run through to give a clear picture of current market structure.
How Does It Work?
The algorithm tracks key pivot points within market data and when these are broken by price movements it provides key information to the user such as when it broke structure, where it broke structure and what levels are now considered support and resistance.
Trend Bar Colouring
The trend bar colouring feature provides a clear visual indication of the market trend by colouring candles red or green depending on the last break in market structure.
Market Structure Breaks
Breaks in market structure are displayed with a single line between two candles, this indicates that there may have been a shift in market trend.
Order Block Levels
Once structure breaks it creates support and resistance levels which can help in trade entries and deciding on take profit targets; these are displayed in real-time with colour coded boxes at either the support or resistance levels. If a level has been broken it is automatically removed from the chart to give a clear representation of the current market state.
If you are using this script you acknowledge past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
You can see the Author's instructions below to get instant-access to this indicator.
NYCOB Kill Zone StrategyI have now turned the NYCOB Kill zone into a stand alone strategy!
Fully customizable in regards to time of entry and levels of entry but the standard settings are the best all around.
Original NYCOB Kill Zone text below
This script plots the H and L of the first 2 hours of the NYC session and shades the space between in which i deem the NYC Order Block
It also maps out the First two hours on the chart as well so you can understand when the OB has formed
Over the past 3 years of trading cryptocurrency i have noticed a phenomena that has occurred nearly every day
The H or L will 90% of the time will be posted in the first two hours of this session
knowing this means you understand if you just wait til this time you can better your odds at not getting stop hunted due to poor entry
A few things to take from this study are these.
1. after the OB is formed
2. whichever side gets taken out first (H/L) will 90% define the bias for the day. I have found that using the m13-m15 TF will add some more confirmation with 1-2 closes outside of range H/L/
3. After general bias has formed 2 things can happen
A) PA just takes off and there is really nothing you can do about it unless you had other studies that told you that will happen
B) PA will dip back INTO the OB and create the OTE which is any retracement below the .5 Fibonacci of the shaded OB
4. Typically OTE happens after the session has ended
5. If you used OTE off of the past days NYCOB then you can use the new (forming or just formed) NYCOB to CONFIRM your initial bias presented from the previous days OTE and bias.
6. When PA cannot close outside the NYCOB it presents a range to range play where PA will visit the opposite side of the range to chase liquidity,
7. When the NYCOB is TIGHT then deviation is more likely to result in price expansion, when the NYCOB is WIDE then deviation tends to present more range to range plays.
8. After bias is formed and OTE has been made your stops should always be outside the NYCOB. I use the m30 or H1 ATR to get a slight cushion from the OB to ensure i dont get stop hunted.
Standard TP are all set at the same level but you can adjust them accordingly
Shout out to Elevate-Trading family member Boederzeng for helping me with the code!
Orderblocks (Nephew_Sam_)Highlights orderblocks based on fractal market structure.
Whenever a new fractal high/low is created, it will search for the Orderblock and plot lines and labels
Note: this indicator does not have an option to delete once filled.
Options:
1. Select 3/5 bar fractal
2. Plot lines and labels on OB's
- Ability to filter OB only when a candle is fully engulfed
3. Change bar color of engulfed candles
[astropark] Fast Supply Demand Order Blocks FinderDear Followers,
today another awesome Analysis Tool, that you can use both for Swing and Scalping Trading: Fast Supply Demand Order Blocks Finder !
Every time it finds a bullish Order Block (Demand) or a bearish OB (Supply), it shows it immediatelly and when the OB is touched by price, an alert is triggered and a circle is displayed.
Keep in mind that trading Supply and Demand is quite easy:
short/sell at Supply (Bearish OB)
long/buy at Demand (Bullish OB)
short/sell if Demand (Bullish OB) gets broken
long/buy if Supply (Bearish OB) gets broken
This indicator has the resolution option , so you can checkout higher timeframes OBs, whatever timeframe you are.
Also you can refine the OBs finder algo fine tuning some filter options or you can just disable them all.
The indicator keeps track of all previous historic Supplies and Demands , but if too much are shown and you don't like it, you can just cut them by defining a specifc Analysis Starting Date/Time using the specific input options in the indicator settings.
Optionally you can also change lines' color and width, as well as enable/disable the OB hits circles.
Here below you can see some charts that shows how the indicator works on many timeframes, resolutions and markets.
XAUUSD 1h, using 6h resolution - part 1
XAUUSD 1h, using 6h resolution - part 2
XAUUSD 1h, using 6h resolution - part 3
BTCUSD 1h, without using resolution
EURUSD 5m, using 30m resolution
SPX500 5m, using 30m resolution
As I always says, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies.
This is a premium indicator , so send me a private message in order to get access to this script.
Orderblock Finder V.1.0We have recently developed a magnificent trading indicator that helps traders to identify both Order Blocks(OB) and market trend.
Order Blocks can be interpreted as an Institutional (so called whales) average entry/exit price that acts as a major support or resistance on the chart.
The trend is computed and quantified combining ATR and SMA utilizing some efficient parameters.
This very technique is relatively suitable for technical analysis of contemporary financial market, compared to the existing techniques.
Since the behaviors, properties, or trends of recent financial market, especially in the COVID19 era, change so rapidly in unexpected ways, following up these changes by searching and testing advanced methodologies is quite essential.
If you would like to use this indicator, feel free to message us, or find us through our links below.
Thanks.
오더블럭과 시장 추세를 식별하는데 도움을 주는 지표를 개발했습니다.
수평매물대를 찾아내고 갭에 숨겨진 오더블럭도 잡아냅니다.
오더블럭은 기관(혹은 고래) 평균 진입/익절가로 해석할 수 있습니다.
추세는 ATR 과 SMA를 결합한 효율적인 파라미터를 사용하여 계산했습니다.
특히 COVID-19 시대에 최근 금융시장의 행동, 속성과 트렌드는 예상치 못한 방식으로 매우 빠르게 변화하고 있기 때문에, 이러한 변화들을 따라가기 위해 선진적인 방법론을 검색하고 시험하는것은 매우 필수적이라고 여겨집니다.
지표를 사용하시고 싶으시거나
더 자세한 사용법을 알고 싶으시다면 저희 링크들로 들어오시거나 메시지 주시면 되겠습니다.
여러분의 성투를 기원합니다.
Buy & Sell Order (Expo)
Buy/Sell Order (Expo) is a unique and important indicator that provides information about Buy & Sell order patterns. The indicator helps to identify real-time large Buy & Sell Orders that have a significant impact on the price. These buy and sell orders can be the start of a trend move or a sign of reversal.
The indicator is divided into a Sell-side (red zone) and a Buy-side (green zone) in order to highlight the different order flows. Greater candlesticks mean significant buy/sell orders! These are the ones we want to keep track of.
The price levels where a large Buy or Sell order occurs at should be considered as key levels. These key- levels are often re-tested in the future. Traders should keep track of them.
Real-Time
No Repainting
Works on any market and in any timeframe
HOW TO USE
Identify Large Buy / Sell Order
Identify potential trend move
Identify potential reversal
INDICATOR IN ACTION
1-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Liberty Scanner This indicator scans the market for New York session entries based on trend and fibs.
The indicator also detects killzones, which are basically supply and demand zones. We like to think of these as areas of which banks are placing their orders.
The indicator also gives you the Asian range and how many pips the market has moved for the Asian range, that is what determines whether we are in normal market conditions or not.
We also made it to where you can see yesterdays highs and lows, when you understand the market directions then you typically know which swing (high or low) will be broken.
The indicator also has an ADR (Average Day Range) feature where it calculates the "average" amount of pips the market moves per day based on the previous 3-10 days of the market volatility.
The main thing which gives us signal for entry is the New York session Fibonacci levels in which it automatically scans for the nearest 15 minute swing and it'll give you an entry based off of that.
*This indicator in no way is meant to be 100% accurate, please do your own analysis before placing any trades and trade with proper risk, as this market is extremely volatile and risky. Past profits don't guarantee future results*
FOR ACCESS: Please send us a private message to gain access to this indicator.
LuxAlgo® - Price Action Concepts™Price Action Concepts™ is a first of it's kind all-in-one indicator toolkit which includes various features specifically based on pure price action.
Order Blocks w/ volume data, real-time market structure (BOS, CHoCH, EQH/L) w/ 'CHoCH+' being a more confirmed reversal signal, a MTF dashboard, Trend Line Liquidity Zones (real-time), Chart Pattern Liquidity Zones, Liquidity Grabs, and much more detailed customization to get an edge trading price action automatically.
Many traders argue that trading price action is better than using technical indicators due to lag, complexity, and noisy charts. Popular ideas within the trading space that cater towards price action trading include "trading like the banks" or "Smart Money Concepts trading" (SMC), most prominently known within the forex community.
What differentiates price action trading from others forms of technical analysis is that it's main focus is on raw price data opposed to creating values or plots derived from price history.
Mostly all of the features within this script are generated purely from price action, more specifically; swing highs, swing lows, and market structure... which allows users to automate their analysis of price action for any market / timeframe.
🔶 FEATURES
This script includes many features based on Price Action; these are highlighted below:
Market structure (BOS, CHoCH, CHoCH+, EQH/L) (Internal & Swing) multi-timeframe
Volumetric Order Blocks & mitigation methods (bullish & bearish)
Liquidity Concepts
Trend Line Liquidity Zones
Chart Pattern Liquidity
Liquidity Grabs Feature
Imbalance Concepts MTF w/ multiple mitigation methods
Fair Value Gaps
Balanced Price Range
Activity Asymmetry
Strong/Weak Highs & Lows w/ volume percentages
Premium & Discount Zones included
Candle Coloring based on market structure
Previous Highs/Lows (Daily, Monday's, Weekly, Monthly, Quarterly)
Multi-Timeframe Dashboard (15m, 1h, 4h, 1d)
Built-in alert conditions & Any Alert() Function Call Conditions
Advanced Alerts Creator to create step-by-step alerts with various conditions
+ more (see changelog below for current features)
🔶 BASIC DEMONSTRATION
In the image above we can see a demonstration of the market structure labeling within this indicator. The automatic BOS & CHoCH labels on top of dashed lines give clear indications of breakouts & reversals within the internal market structure (short term price action). The "CHoCH+" label is also demonstrated as it triggers only if price has already made a new higher low, or lower high.
We can also see a solid line with a larger BOS label in the middle of the chart. This label demonstrates a break of structure taking into account the swing market structure (longer term price action). All of these labels are generated in real-time.
🔶 USAGE & EXAMPLES
In the image below we can see how a trade setup could be created using Order Blocks w/ volume metrics to find points of interest in the market, swing / internal market structure to get indications of longer & shorter term reversals, and trend line liquidity zones to find more likely impulses & breakouts within trends.
We can see in the next image below that price came down to the highest volume order block marked out previously as our point of interest for an entry used in confluence with the overall market structure being bullish (swing CHoCH). Due to price closing below the middle Order Block at (24.77%), we saw it was mitigated, and then price revisited liquidity above the Trend Line zone above, leading us to the first Order Block as a target.
You will notice the % values adjust as Order Blocks are touched & mitigated, aligning with the correct volume detected when the Order Block was established.
In the image below we can see more features from within Price Action Concepts™ indicator, including Chart Pattern Liquidity, Fair Value Gaps (one of many Imbalance Concepts), Liquidity Grabs, as well as the primary market structures & OBs.
By using multiple features as such, users can develop a greater interpretation of where liquidity rests in the market, which allows them to develop trading plans a lot easier. Liquidity Grabs are highlighted as blue/red boxes on the wicks during specific price action that indicates the market has made an impulse specifically to take out resting buy or sell side orders.
We can notice in the trade demonstrated below (hindsight example) how price often moves to the areas of the most liquidity, even if unexpected according to classical technical analysis performed by retail traders such as chart patterns. Wicks to take out orders above & potentially trap traders are much more noticeable with features such as these.
The Chart Patterns which can be detected include:
Ascending/Descending Wedges (Asc/Desc Wedge)
Ascending/Descending Broadening Wedges (Asc/Desc BW)
Ascending/Descending/Symmetrical Triangles (Asc/Desc/Sym Triangle)
Double Tops/Bottoms (Double Top/Double BTM)
Head & Shoulders (H&S)
Inverted Head & Shoulders (IH&S)
General support & resistance during undetected patterns
In the image below we can see more features from within the indicator, including Balanced Price Range (another imbalance method similar to FVG), Market Structure Candle Coloring, Accumulation & Distribution zones, Premium & Discount zones w/ a percentage on each zone, the MTF dashboard, as well as the Previous Daily Highs & Lows (one of many highs/lows) displayed on the chart automatically.
The colored candles use more specific market structure analysis, specifically allowing users to visualize when trends are considered "normal" or "strong". By utilizing other features alongside this market structure analysis, such as noticing price retesting the PDL level + the Equilibrium as resistance, a Balanced Price Range below price, the discount with a high 72% metric, and the MTF dashboard displaying an overall bearish structure...
...users can instantly gain a deeper interpretation of price action, make highly confluent trading plans while avoiding classical technical indicators, and use traditional retail trading concepts such as chart patterns / trend lines to their advantage in finding logical areas of liquidity & points of interest in the market.
The image below shows the previous chart zoomed in with 2 liquidity concepts re-enabled & used alongside a new range targeting the same Discount zone.
🔶 SETTINGS
Market Structure Internal: Allows the user to select which internal structures to display (BOS, CHoCH, or None).
Market Structure Swing: Allows the user to select which swing structures to display (BOS, CHoCH, or None).
MTF Scanner: See market structure on various timeframes & how many labels are active consecutively.
Equal Highs & Lows: Displays EQH / EQL labels on chart for detecting equal highs & lows.
Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
Order Blocks Internal: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart as well as select a color.
Order Blocks Swing: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart as well as select a color.
Mitigation Method: Allows the user to select how the script mitigates an Order Block (close, wick, or average).
Internal Buy/Sell Activity: Allows the user to display buy/sell activity within Order Blocks & decide their color.
Show Metrics: Allows the user to display volume % metrics within the Order Blocks.
Trend Line Liquidity Zones: Allows the user to display Trend Line Zones on the chart, select the number of Trend Lines visible, & their colors.
Chart Pattern Liquidity: Allows the user to display Chart Patterns on the chart, select the significance of the pattern detection, & their colors.
Liquidity Grabs: Allows the user to display Liquidity Grabs on the chart.
Imbalance Concepts: Allows the user to select the type of imbalances to display on the chart as well as the styling, mitigation method, & timeframe.
Auto FVG Threshold: Filter out non-significant fair value gaps.
Premium/ Discount Zones: Allows the user to display Premium, Discount , and Equilibrium zones on the chart
Accumulation / Distribution: Allows the user to display accumulation & distribution consolidation zones with an optional Consolidation Zig-Zag setting included.
Highs/Lows MTF: Displays previous highs & lows as levels on the chart for the previous Day, Monday, Week, Month, or quarter (3M).
General Styling: Provides styling options for market structure labels, market structure theme, and dashboard customization.
Any Alert() Function Call Conditions: Allows the user to select multiple conditions to use within 1 alert.
🔶 CONCLUSION
Price action trading is a widely respected method for its simplicity & realistic approach to understanding the market itself. Price Action Concepts™ is an extremely comprehensive product that opens the possibilities for any trader to automatically display useful metrics for trading price action with enhanced details in each. While this script is useful, it's critical to understand that past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
🔶 HOW TO GET ACCESS
You can see the Author's instructions below to get instant access to this indicator & our premium suite.
Order Block Finder (Experimental)The purpose of this experimental Indicator is to help identifying Institutional Order Blocks.
Often these Order Blocks can be observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again. Therefore these are interesting levels to place limit orders (Buy Orders for Bullish OB / Sell Orders for Bearish OB).
A Bullish Order block is defined as the last down candle before a sequence of up candles. (Relevant price range "Open" to "Low" is marked)
A Bearish Order Block is defined as the last up candle before a sequence of down candles. (Relevant price range "Open" to "High" is marked)
In the settings the number of required sequential candles can be adjusted.
Furthermore a %-threshold can be entered. It defines which minimum %-change the sequential move needs to achieve in order to identify a relevant Order Block. If this is used, it makes sense to adjust it to the timeframe which is analyzed as of course higher timeframes usually produce bigger moves.
Channels for the last Bullish/Bearish Block can be shown/hidden.
In addition to the upper/lower limits of each Order Block, also the equlibrium (average value) is marked as this is an interesting area for price interaction.
Please note that you can optionally display a "Docu"-Label which shows some information about the indicator as a tooltip.
Remark:
As the identification of a relevant Order Block is only possible after the required number of subsequent candles has closed, this indicator "repaints" by definition. But I do not see this as an issue as the relevancy of the Order Blocks and the interaction of price with these levels usually only happens longer in the future anyway.
Block_Saver_v1This is a script that lets you manually add in a "Zone" by top and bottom price, which I intended to use so I could "Save" or "Trace Over" lines from the Breakers/OrderBlock indicator. This is so you can take the same drawing across different time-frames and charts, and color-code them.
In the future I will be adding labels to the top and/or bottom of blocks so you can annotate more specifically which time-frame they were formed on, price level, etc.
ZFelds' Godmode OrderBlocksPlots Orderblocks/Orderflow/Supply and Demand Levels based on Volume + EMA + RSI Levels.
When using this indicator, please make sure the "Benchmark" Ticker is set to the same chart/ticker you're working on.
The default Benchmark for this indicator is NAS100USD. If you are looking at ANY other chart, you will need to change the Benchmark from NAS100USD to the ticker you are using.
For instance, in this example - if you wanted to instead have the indicator plot OrderBlocks for BTCUSD, you would change the Benchmark setting from "NAS100USD" to "BTCUSD" as shown in the chart example.
Thanks for looking!
bg_Breakers_orderBlocks_detection (Breakers)Version 0.1
Using Pivots / Swing Point detection, this script plots the final swing candle's body span from top to bottom with an extended horizontal line, with a mid-channel point at 50% between open and close.
Once the trend changes, these zones serve as support and resistance zones, and can help identify breakouts from ranges and probable reversal points moving forward.
To avoid clutter, the script allows you to select a specific date-range (start / end date) which the rule will only apply and plot for.
Other customizable options are the length in bars of the pivot/swing point detection, which is defaulted at 20 bars for both highs and lows.
Works best on time-frames 4H, 1D, etc. with some luck to be had in occasionally shorter time-frames as shown above.
4H:
CME Bitcoin Gap Finder Orderblock Support ResistanceCME Bitcoin Gap Finder Orderblock Support Resistance
Intro
I had a backlog of scripts to release, and so everyone is getting some Christmas gifts early!
I have been watching CME gaps and how they relate to BTC for over a year now. I find they make good orderblock support/resistance areas.
Description
There is a limitation to how many lines I can draw with the new pine script functions. So for instance if you want to see the gaps from 2018 I have included a date range selector (similar to how a backtest works). This way you can only display the gaps from the dates ranges you want to see.
There's also the ability to check for gaps on the daily, 12h, 4h, and 1h charts. I recommend using 12H. But know that depending on what period you choose it will effect the size of the gaps, so experiment and see what works for you.
Lastly I included the ability to have background highlights whenever CME is closed on the weekend, just for visual reference.
You can use this indicator on any BTC ticker, and it will show you where the CME gaps are (without having to switch/reference the CME chart).
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 74th script on Tradingview!
💬Check my Signature for other information
Heatmap - Support & Resistance (Volume Clusters)Heatmap - Support & Resistance (Volume Clusters)
The Heatmap is based on the real traded volume.
The Heatmap can help identify the levels of Support and Resistance , thus validating other indicators' Oversold or Overbought conditions.
Small blocks don't have much significance. On the other hand, bigger and brighter ones would mean strong levels of Support or Resistance .
Alerts are available to be set to fire whenever the Support or Resistance levels are reached.
Related tools:
• Volume Delta
• CVD
• Counters Ratio
[AN] OrderBlocksEases the find of possible support and resistance areas.
The Orderblock finder allows overlaying blocks from another timeframe
Customizable strength of previous move and extended info pane.
