LuxAlgo® - Screener (PAC)The LuxAlgo® - Screener (PAC) is a complete tool allowing users to check returned information from the Price Action Concepts™ toolkit's features for various user selected tickers and timeframes.
Users can customize the returned information by the screener, as well as filtering out displayed tickers based on custom user set rules.
🔶 FEATURES
Users can place the location of the screener everywhere they want, multiple locations are supported, you can even have it on your chart by drag and dropping the screener to your chart, allowing you to analyze them alongside your favorite indicators.
Keeping track of various tickers is crucial to have a deeper understanding of the overall market activity.
Our screener let you quickly access your preferred information in a convenient way thanks to the described features below:
Screening of the main Price Action Concepts™ features on up to 10 user selected tickers and timeframes.
Ticker filtering based on custom user set rules.
Ticker sorting based on ascending/descending user selected data returned by the screener.
The LuxAlgo® - Screener (PAC) returns the following information:
Current price
Current volume
Current price percent change (% CHG)
Current price change (CHG)
Current rating
Most recent market structure
Most recent Order Block type and relative position to price
Order Block buy volume
Order Block sell volume
Order Block total volume
Most recent user set imbalance type status. Options include screening for FVG, Inverse FVG, Double FVG, Volume Imbalance and Opening Gap
Price position relative to Premium/Discount zones
Most recent liquidity grab
Most recent equal high/low
🔹 Rating
Users can quickly check the overall sentiment based on the screeners returned information by looking at the Rating column. Tickers can be rated as follows:
▲ Strong Bullish (more than 80% of the returned information is bullish)
△ Bullish (60% to 80% of the returned information is bullish)
― Neutral (40% to 60% of the returned information is bullish)
▽ Bearish (20% to 60% of the returned information is bullish)
▼ Strong Bearish (less than 20% of the returned information is bullish)
This can be a quick way to asses the confluence between all the returned information on the screener for a specific ticker.
🔹 Filtering
Thanks to the integrated filtering capabilities of the LuxAlgo® - Screener (PAC) you will be able to keep track of the information from tickers that return specific information you want to see.
For example do you want to only see the information from up trending tickers? Nothing easier, all you need is to select the up trending related options (▲ Strong Bullish or △ Bullish) in the rating dropdown menu.
However, you don't have to stop at 1 filtering condition, create more complex ones that fits your trading style for the tickers you truly want to look at!
🔹 Sorting
As traders we want to quickly spot the tickers with most volume, most volatility, with the strongest uptrend or downtrend.
The LuxAlgo® - Screener (PAC) lets you do that by sorting supported information in an ascending or descending order, letting you access the most relevant information faster.
Priceaction
Liquidation Longs/Shorts [UAlgo]🔶Description:
The "Liquidation Longs/Shorts " indicator is designed to identify potential liquidation levels for long and short positions. It calculates the distance of the selected price source (close, high, low, or open) from two moving averages (MA) and plots the resulting values on the chart. When the price is at an extreme distance from the moving averages, it suggests a potential liquidation point for either long or short positions.
🔶Key Features:
Liquidation Calculations: The indicator calculates the distance of the selected price source from two moving averages: a simple moving average (SMA) and an exponential moving average (EMA) with customizable lengths.
Color Customization: Users can customize the colors of the plotted columns representing the distance from the moving averages for long and short liquidation levels.
Liquidation Circles: The indicator marks potential liquidation levels with small circles on the chart, with customizable colors for long and short liquidations.
Orange Circles -> Identifies Potential Short Liquidations
Aqua Circles -> Identifies Potential Long Liquidations
Example:
Adaptive Source Selection: Traders can select the price source (close, high, low, or open) for liquidation calculations, allowing flexibility based on their trading strategies.
Dynamic Threshold Calculation: The indicator dynamically adjusts the liquidation threshold based on the selected moving average lengths, providing adaptability to changing market conditions.
Disclaimer:
Use with Caution: This indicator is provided for educational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
This indicator serves as a tool to assist traders in identifying potential liquidation levels, but it should be used in conjunction with other technical analysis tools and risk management practices for effective trading decision-making.
FVG Detector [TradingFinder] Fair Value Gap-Imbalance-Mitigated🔵 Introduction
When the market makes a strong move in the form of a "Marubozu" or "Spike" candlestick and consecutive candles move without a retracement, the maximum place where a "FVG" or "Fair Value Gap" is created.
🔵 Definition
To describe this precisely, whenever a move occurs where the current candle does not cover the body of the previous and subsequent candles, a fair value gap is created.
Important : The significant point is that, because there is no equilibrium between buyers and sellers in these conditions, and market power is in the hands of buyers or sellers, the market is likely to move towards these areas.
An example of "FVG" in a price increase where we expect buying on the return to it.
An example of "FVG" in a downward trend where the market will move towards it in a downward direction.
🔵 How to Use
🟣 Bearish FVG
In a downward trend, "orange boxes" are drawn, which are the same and can act as "support" zones along the downward path, and we expect the price to continue its downward trend on return.
🟣 Bullish FVG
In an upward trend, "green boxes" are drawn, which are . They act exactly like support in the upward path, and we expect the price to continue its upward trend on return.
🟣 Auxiliary Definitions
Imbalance : As mentioned above, market power is in the hands of one of the two sides, buyers or sellers, and a non-equilibrium zone is created. It may be completed in whole or in part in subsequent price movements.
Mitigated : If the price returns to the "FVG" area and fills it, we call it "Mitigated," and most "pending" or "profit and loss limits" positions are executed. We will not have a specific reaction on the return of the price.
🔵 Settings
Very Aggressive : In addition to the initial condition, another condition is added. For an upward FVG, the maximum price of the last candle should be larger than the middle candle's maximum price. Similarly, for a downward FVG, the minimum price of the last candle should be smaller than the middle candle's minimum price. In this mode, a very small number of FVGs are eliminated.
Aggressive : In addition to the conditions of the Very Aggressive mode, in this mode, the size of the middle candle should not be small. In this mode, a larger number of FVGs are eliminated.
Defensive : In addition to the conditions of the Very Aggressive mode, in this mode, the size of the middle candle should be relatively large, and the majority of it should be made up of the body. Additionally, to identify upward FVGs, the second and third candles must be positive, and to identify downward FVGs, the second and third candles must be negative. In this mode, a large number of FVGs are eliminated, leaving only those with suitable quality.
Very Defensive : In addition to the conditions of the Defensive mode, the first and third candles should not be very small-bodied doji candles. In this mode, the majority of FVGs are filtered out, leaving only the highest quality ones.
🔵 Features
Show Demand FVG : Displays demand-related boxes, which can be "off" and "on."
Show Supply FVG : Displays supply-related boxes along the path, and can be turned "off" and "on."
🔵 Indicator Advantages
In this indicator, I have implemented 4 types of "filters" that allow you to select one based on the trading symbol, timeframe, etc. From "Very Aggressive" to "Very Defensive" mode, it is possible to select.
In most indicators, all FVGs are displayed, and the chart becomes full of lines. But this unique feature allows the trader to manage the drawing of boxes.
Liquidity Sweeps [LuxAlgo]The Liquidity Sweeps indicator detects the presence of liquidity sweeps on the user's chart, while also providing potential areas of support/resistance or entry when Liquidity levels are taken.
In the event of a Liquidity Sweep a Sweep Area is created which may provide further areas of interest.
🔶 USAGE
A Liquidity Sweep occurs when the price breaks through a liquidity level (further referred to as LqL ), after which the price returns below/above the liquidity level , forming a wick.
The script provides 2 options when this can happen:
A wick passes a LqL after which the price quickly returns.
First the closing price breaks through a LqL . After a while, the price retests the LqL and forms a wick in the opposite direction.
The examples above show a bullish and bearish scenario of "a wick passing through an LqL where the price quickly comes back". This type of Liquidity Sweep is represented by a dotted line.
The following example shows a broken LqL , where the price retests the Liquidity zone and bounces back.
Instead of a dotted line, this type of Liquidity Sweep is represented by a dashed line.
When a Liquidity Sweep takes place, this is indicated by highlighting the "wick- LqL " distance. This distance is also the basis for the Sweep Area (see next sub-section). A small 3-bar long dotted line starts from the opposite wick as an extra aid to determine potential support/resistance/entry, ...
Colors can be set in the settings (here yellow and aqua blue instead of default colors for clarity).
🔹 Sweep Areas
The distance between the LqL and the maximum limit of the wick forms a Sweep Area , which can provide a potential support/resistance or entry zone.
These examples show both types of Liquidity Sweeps , followed by a box indicating the Sweep Area .
When the Sweep Area is mitigated or a certain amount of bars has passed (Settings - 'Max bars'), the boxes will no longer be updated.
In this case, the 'Trigger' label shows the bar where the high crossed a LqL , after which a red box starts between LqL and high.
The low of the 'Trigger' bar is the starting point of a short dotted line. Next to the 'Trigger bar' the high touches the Sweep Area before returning, providing a potential short entry. One bar further, another entry opportunity presents itself when the price breaks the small dotted line.
In the following bullish example, not only do we see opportunities when the LqL has been swept, but the following Sweep Area provides some potential entries.
The small green dotted lines also act as a guide where the price breaks above, then forms a small range, after which the price continues in an upward direction.
Here, the initial trigger on the left forms a Sweep Area that is quickly broken. However, the small green line provides a potential entry area later on. The price moves in a short channel before breaking above the LqL (green dashed line), providing more potential entries. Price retests this LqL , and goes below this level. The price remained around the previously formed channel, after which the price resumed its upward trend.
🔶 SETTINGS
🔹 Liquidity Sweeps
Swings: Period used for the swing detection, with higher values returning longer term Liquidity Levels .
Options:
- Only Wicks: Only detects a Liquidity Sweep when a wick sweeps a previous wick
- Only Outbreaks & Retest: Only detects a Liquidity Sweep when the price breaks a Liquidity Level , returns & retests the Liquidity Level , and forms a wick in the opposite direction.
- Wicks + Outbreaks & Retest: Both options can be detected.
🔹 Sweep Area
Extend: Enables/Disables extension of the Sweep Area boxes.
Max Bars: Limit the extension to a certain number of bars.
Color Sweep Area box.
Pin Bar PrompterRecognition principle of the Pin Bar
1. The K-Chart has a long shadow line
2. The length of the long shadow line must be greater than 2/3 of the length of the body
3. The shadow line above the body is bearish Pin Bar; the shadow line below the body is bullish Pin Bar.
Pin Bar is just a K-Chart pattern and is only used as a basis for judgment and not as investment advice.
Pin Bar识别的逻辑
1.K线有长影线
2.长影线的长度大于整根K长度的2/3
3.影线在实体上方为：看跌pinbar；影线在实体下方为：看涨pinbar
Pin Bar只是一种K线形态，仅作为一种判断依据，不作为投资建议
Liquidity Sweeps [UAlgo]
🔶 Description:
This script, "Liquidity Sweeps by UAlgo" aims to identify and visualize potential liquidity sweeps in the market, assisting traders in spotting significant price levels where liquidity may be targeted by large orders. The script highlights pivot points and draws support and resistance lines based on user-defined parameters. When a liquidity sweep occurs, the script dynamically adjusts the displayed lines and provides annotations, signaling potential buying or selling opportunities.
🔶 Key Features:
Pivot Analysis: Utilizes pivot points to identify potential support and resistance levels.
Liquidity Sweep Detection: Dynamically adjusts support and resistance lines based on price action, highlighting liquidity sweep events.
Buy Side Liquidity Sweep Example :
Sell Side Liquidity Sweep Example :
Liquidity areas waiting to be swept are shown as "pivot high" in red and "pivot low" in green.
Customizable Parameters: Allows users to adjust parameters such as pivot length, maximum lines to draw, colors, and line width to suit their trading preferences.
Real-time Annotations: Provides real-time annotations on the chart when liquidity sweep events are detected, aiding traders in decision-making.
Disclaimer:
This script is provided for educational and informational purposes only. Trading involves risks, and it is essential to conduct thorough research and exercise caution when making financial decisions. The author does not guarantee the accuracy or completeness of the information provided by this script, and any actions taken based on this information are at the user's own risk.
Session Levels Predictor [LuxAlgo]The "Session Levels Predictor" indicator predicts the maximum/minimum levels that will be made within a user-specified session. Hit rate percentages are displayed to measure how often a specific level has been hit.
🔶 USAGE
The indicator can be used to estimate the expected maximum/minimum levels within a specified session, these are directly displayed at the start of a session. This operation can be useful to set take profits/stop losses levels when we expect to exit within a specific session.
Users can display up to 3 upper and lower extremities on their chart (by default only 2 upper and lower extremities are displayed), with their distance from the session opening price being determined by the user-set percentile setting, values closer to 100 will return levels farther away from the session opening price.
Predicting maximum/minimum levels effectively allows obtaining support/resistance levels for the user-defined session, with a breakout probability indicating how easy it can be for the price to reach the estimated levels. These levels can be extended outside the specified session, allowing to test their relevancy as support/resistance levels to prices outside the specified sessions.
🔶 DETAILS
To predict maximum/minimum levels made within a session we keep a record of the distance between a session's maximum/minimum value and the session opening price (opening price when the session starts).
By using the percentile_nearest_rank() on our recorded distances we draw levels from the session opening price. If a level is hit between 2 sessions, this is saved for further calculations.
Lastly, a % hit rate of these levels is shown at the sessions open, indicating the probability that these levels could be hit before the next session.
🔹 array.percentile_nearest_rank()
Returns the value for which the specified percentage of array values (percentile) is less than or equal to it, using the nearest-rank method.
For example, taking the 75th percentile from our recorded distances between the maximum session level and session opening price will return a new distance where 75% of the recorded distances are lower.
The same goes for the green session's open - low levels
🔶 SETTINGS
Session: User-defined session interval, uses the symbol timezone.
Percentile (1, 2, 3): K-th percentile used to estimate session max/min levels, higher values will return more distant levels.
Max Population: Maximum amount of recorded distance data for the calculation of percentiles.
🔹 Style
Extend Middle Line: Toggle to extend the blue Middle Line to the next session - Default disabled
Order Blocks Finder [TradingFinder] Major OB | Supply and Demand🔵 Introduction
Drawing all order blocks on the path, especially in range-bound or channeling markets, fills the chart with lines, making it confusing rather than providing the trader with the best entry and exit points.
🔵 Reason for Indicator Creation
For traders familiar with market structure and only need to know the main accumulation points (best entry or exit points), and primary order blocks that act as strong sources of power.
🟣 Important Note
All order blocks, both ascending and descending, are identified and displayed on the chart when the structure of "BOS" or "CHOCH" is broken, which can also be identified with "MSS."
🔵 How to Use
When the indicator is installed, it plots all order blocks (active order blocks) and continues until the price reaches them. This continuation happens in boxes to have a better view in the TradingView chart.
Green Range : Ascending order blocks where we expect a price increase in these areas.
Red Range : Descending order blocks where we expect a price decrease in these areas.
🔵 Settings
Order block refine setting : When Order block refine is off, the supply and demand zones are the entire length of the order block (Low to High) in their standard state and cannot be improved. If you turn on Order block refine, supply and demand zones will improve using the error correction algorithm.
Refine type setting : Improving order blocks using the error correction algorithm can be done in two ways: Defensive and Aggressive. In the Aggressive method, the largest possible range is considered for order blocks.
🟣 Important
The main advantage of the Aggressive method is minimizing the loss of stops, but due to the widening of the supply or demand zone, the reward-to-risk ratio decreases significantly. The Aggressive method is suitable for individuals who take high-risk trades.
In the Defensive method, the range of order blocks is minimized to their standard state. In this case, fewer stops are triggered, and the reward-to-risk ratio is maximized in its optimal state. It is recommended for individuals who trade with low risk.
Show high level setting : If you want to display major high levels, set show high level to Yes.
Show low level setting : If you want to display major low levels, set show low level to Yes.
🔵 How to Use
The general view of this indicator is as follows.
When the price approaches the range, wait for the price reaction to confirm it, such as a pin bar or divergence.
If the price passes with a strong candle (spike), especially after a long-range or at the beginning of sessions, a powerful event is happening, and it is outside the credibility level.
An Example of a Valid Zone
An Example of Breakout and Invalid Zone. (My suggestion is not to use pending orders, especially when the market is highly volatile or before and after news.)
After reaching this zone, expect the price to move by at least the minimum candle that confirmed it or a price ceiling or floor.
🟣 Important : These factors can be more accurately measured with other trend finder indicators provided.
🔵 Auxiliary Tools
There is much talk about not using trend lines, candlesticks, Fibonacci, etc., in the web space. However, our suggestion is to create and use tools that can help you profit from this market.
• Fibonacci Retracement
• Trading Sessions
• Candlesticks
🔵 Advantages
• Plotting main OBs without additional lines;
• Suitable for timeframes M1, M5, M15, H1, and H4;
• Effective in Tokyo, Sydney, and London sessions;
• Plotting the main ceiling and floor to help identify the trend.
Session Sweeps [LuxAlgo]The Session Sweeps indicator combines ICT-based features for a complete trading methodology involving market sessions, market structure, and fair value gaps to find optimal entry conditions for trading price action.
Traders frequently tend to place stop/limit orders at the high and low points of major trading sessions such as Asian (Tokyo), European (London), and North American (New York), resulting in the establishment of liquidity pools at those particular levels. The Session Sweeps indicator is crafted to recognize and underscore occurrences of session sweeps or liquidity sweeps during these major trading sessions.
🔶 USAGE
Default settings utilize major forex trading sessions, yet users can select their preferred opening and closing times, rename the sessions, or adjust the colors. It's important to note that the specified times for each session align with the respective local timezones: Asian (Tokyo) UTC+9, European (London) UTC, and North American (New York) UTC-5.
If the price briefly crosses either the highest or lowest point of a market session. These movements, aiming at triggering stop losses, suggest potential shifts in the market direction. Detecting such movements is the fundamental purpose and core functionality of the script.
🔹Market Structure Shifts
A Market Structure Shift refers to a change in market direction, either from an uptrend to a downtrend or vice versa. A part of a common entry model when using session sweeps is waiting for the formation of a CHoCH after a session sweep.
🔹Fair Value Gaps
A Fair Value Gap (FVG) holds particular appeal for price action traders, emerging when there are inefficiencies or imbalances in the market, often a result of uneven buying and selling activity. The underlying concept of FVGs is that the market tends to revisit these inefficiencies before resuming its trajectory in alignment with the initial impulsive move.
After the formation of a CHoCH traders can enter a position when the price enters the area of a Fair Value Gap (FVG).
🔹Setup Examples
This entry setup is commonly used by ICT traders and is shared for informational & educational purposes only.
Long Positions (5-Minute Timeframe):
Wait for the previous session's low to be swept.
Look for a Bullish Choch.
Find a Bullish FVG formed by or before the Choch.
Entry Point: At the FVG.
Take Profit (TP): At the session high or aim for a 1:2 Risk-Reward Ratio.
Stop Loss (SL): At the session low or nearest Swing Low.
Take partial profits at intermediate swings, but don’t shift SL prematurely.
Short Positions (5-Minute Timeframe):
Wait for the previous session's high to be swept.
Look for a Bearish Choch.
Find a FVG formed by or before the Choch.
Entry Point: At the FVG.
Take Profit (TP): At the previous session's low or aim for a 1:2 RR.
Stop Loss (SL): At the session high or nearest Swing High.
Take partial profits at intermediate swings, but don’t shift SL prematurely.
🔶 SETTINGS
🔹Session Sweeps
Buyside Sweep Zones, Color, and Margin: toggles the visibility of bullside sweep zones, customizes the associated color, and sets the margin value defining the range of a bullside sweep zone.
Sellside Sweep Zones, Color, and Margin: toggles the visibility of sell-side sweep zones, customizes the associated color, and sets the margin value defining the range of a sell-side sweep zone.
Sweep Margin Length: specifies the maximum allowed length of a sweep zone invalidation, the length over which the price slightly invalidated the margin range.
Detect Sweeps Once per Session: if enabled will detect only once a sweep zone within a session.
Hide Fake Sweep Zones, and Color: controls the visibility and color of the fake sweep zones.
🔹Sessions
Session (Asia, London, New York AM, and New York PM), Start Time, and End Time: enables or disables the visibility of the named market session range, and customization of the session hours.
Color: color customization option of the named session.
Extend Max/Min: extends the highest and lowest price levels of the named session until the end of the next enabled session. This option is recommended to be enabled when sweep zone detection is activated to observe the relationship between the sweep zone and previous session extreme levels.
Extend Mid: extends the mean price levels of the named session until the end of the next enabled session. The extended line may serve as potential support and resistance levels.
Fill: enables/disables background coloring of the named session.
New York DST | London DST: enabling this option initiates Daylight Saving Time (DST) for New York or London. Note: Daylight Saving Time is not applied to the Asian (Tokyo) session.
Sessions Extreme Lines | Sessions Names: toggles the visibility of the highest and lowest price levels, as well as the names, for all market sessions.
Session Lines Width: sets the width of the lines for all sessions.
Session Fill Transparency: sets the background color transparency of the range for all sessions.
🔹Market Structure Shifts
Market Structure Shifts: toggles the visibility of market structure shifts, also known as change of character (CHoCH).
Detection Length: specifies the detection length.
Market Structure Shifts; Bull & Bear: color customization options.
🔹Fair Value Gaps
Fair Value Gaps: toggles the visibility of the fair value gaps.
Fair Value Gap Width Filter: specifies the filtering multiplier; additional details can be found in the tooltip of the respective input option.
Bullish & Bearish Imbalance: color customization options.
🔹Sessions Tabular View
Sessions Tabular View: toggles the visibility of the tabular view of the sessions, displaying date &time, status, and countdown counter.
Hide if not Forex Market Instrument: checks the market and automatically enables/disables the option based on the market instrument.
Table Text Size & Position: size and placement customization options
🔶 LIMITATIONS
Please be aware that fair value gap filtering cannot be applied to the initial 144 candles (with a fixed-length ATR) as the ATR value necessary for filtering won't be available during this period.
🔶 RELATED SCRIPTS
Buyside-Sellside-Liquidity
Sessions
Liquidity-Voids-FVG
Thank you to our community for the recommendation of this script. To explore additional conceptual scripts and related content, we invite you to visit >>> LuxAlgo-Scripts .
ICT Unicorn Model [LuxAlgo]The ICT Unicorn Model indicator highlights the presence of "unicorn" patterns on the user's chart which is derived from the lectures of "The Inner Circle Trader" (ICT) .
Detected patterns are followed by targets with a distance controlled by the user.
🔶 USAGE
At its core, the ICT Unicorn Model relies on two popular concepts, Fair Value Gaps and Breaker Blocks. This combination highlights a future area of support/resistance.
A Bullish Unicorn Pattern consists out of:
A Lower Low (LL), followed by a Higher High (HH)
A Fair Value Gap (FVG), overlapping the established Breaker Block
A successful re-test of the FVG which confirms the pattern.
A Bearish Unicorn Pattern consists of:
A Higher High (HH), followed by a Lower Low (LL)
A Fair Value Gap (FVG), overlapping the established Breaker Block
A successful re-test of the FVG which confirms the pattern
The pattern detection depends on detected swings, which can be controlled by the Swing setting. Using higher values of this setting will return longer-term breaker blocks.
🔹 Using Risk/Reward Targets
A confirmed Unicorn pattern will show a blue ( Target ) / grey ( Stop Loss) "Risk/Reward" areas (RR).
When the Stop Loss or Target is hit, a white line is shown on the concerned side.
The Risk/Reward ratio can be adjusted in the "Targets" settings.
🔹 Trailing Stop
As seen in the previous snapshots, besides the RR areas, this indicator also includes an optional Trailing Stop .
This can be helpful to lower your risk, by exiting earlier than if you would wait until the Stop Loss is hit.
This example shows a successful bullish and bearish Unicorn Pattern . In this scenario, the Trailing Stop could be used for partial Take Profit.
The goal of this publication is to show confirmed Unicorn Patterns . To increase the chance of success, it is important to evaluate the bigger picture & use this in confluence with your price action analysis. For example, look for potential areas of liquidity, consider this pattern only during certain market sessions, avoid trading during heavy impact news, &/or incorporate other aspects of technical analysis rather than just following this pattern blindly.
🔶 DETAILS
🔹 Combine
When disabled, all potential Unicorn Patterns will delete previous unconfirmed patterns:
Enabling Combine ensures the last Unicorn Patterns in the opposite direction will remain.
While the latter bullish pattern became invalid, another one formed.
The combination of the previous bearish pattern, and looking at the big picture, the bullish pattern did not have much chance to be successful.
While disabling 'combine' helps minimize clutter, enabling this feature can give a pattern more chance to hit the SL/Target level.
🔹 Mitigated FVG
Users can determine if a pattern becomes invalid due to a mitigated FVG, causing the pattern to be deleted.
🔹 New pattern detected
When a new pattern is detected, the previous unconfirmed pattern in the same direction (bullish - bullish or bearish - bearish) will be deleted. This will always be the case, whether "Combine' is enabled or disabled.
When the previous pattern was confirmed but no SL or Target level was hit, this pattern will stop updating.
🔶 SETTINGS
🔹 Unicorn
Swings: This sets the length of swings, used for the underlying ZigZag and Unicorn Patterns detection.
Bull: Enable/disable Bullish patterns, and set the color of FVG box and Trailing Stop .
Bear: Enable/disable Bearish patterns, and set the color of FVG box and Trailing Stop .
Combine: When enabled, patterns in opposite directions (bullish/bearish) can exist at the same time. disabling this feature tends to give less clutter. See the "Usage" section for more information.
🔹 Targets
Risk/Reward: Sets the Risk/Reward ratio.
Trailing Stop: Set the length of small swings, which is used for the Trailing Stop .
Volume-Trend Sentiment (VTS) [AlgoAlpha]Introducing the Volume-Trend Sentiment by AlgoAlpha, a unique tool designed for traders who seek a deeper understanding of market sentiment through volume analysis. This innovative indicator offers a comprehensive view of market dynamics, blending volume trends with price action to provide an insightful perspective on market sentiment. 🚀📊
Key Features:
1. 🌟 Dual Trend Analysis: This indicator combines the concepts of price movement and volume, offering a multi-dimensional view of market sentiment. By analyzing the relationship between the closing and opening prices relative to volume, it provides a nuanced understanding of market dynamics.
2. 🎨 Customizable Settings: Flexibility is at the core of this indicator. Users can adjust various parameters such as the length of the volume trend, standard deviation, and SMA length, ensuring a tailored experience to match individual trading strategies.
3. 🌈 Visual Appeal: With options to display noise, the main plot, and background colors, the indicator is not only informative but also visually engaging. Users can choose their preferred colors for up and down movements, making the analysis more intuitive.
4. ⚠️ Alerts for Key Movements: Stay ahead of market changes with built-in alert conditions. These alerts notify traders when the Volume-Trend Sentiment crosses above or below the midline, signaling potential shifts in market momentum.
How It Works:
The core of the indicator is the calculation of the Volume-Trend Sentiment (VTS). It is computed by subtracting a double-smoothed Exponential Moving Average (EMA) of the price-volume ratio from a single EMA of the same ratio. This method highlights the trend in volume relative to price changes.
volumeTrend = ta.ema((close - open) / volume, volumeTrendLength) - ta.ema(ta.ema((close - open) / volume, volumeTrendLength), volumeTrendLength)
To manage volatility and noise in the volume trend, the indicator employs a standard deviation calculation and a Simple Moving Average (SMA). This smoothing process helps in identifying the true underlying trend by filtering out extreme fluctuations.
standardDeviation = ta.stdev(volumeTrend, standardDeviationLength) * 1
smoothedVolumeTrend = ta.sma(volumeTrend / (standardDeviation + standardDeviation), smaLength)
A unique feature is the dynamic background color, which changes based on the sentiment level. This visual cue instantly communicates the market's bullish or bearish sentiment, enhancing the decision-making process.
getColor(volumeTrendValue) =>
sentimentLevel = math.abs(volumeTrendValue * 10)
baseTransparency = 60 // Base transparency level
colorTransparency = math.max(90 - sentimentLevel * 5, baseTransparency)
volumeTrendValue > 0 ? color.new(upColor, colorTransparency) : color.new(downColor, colorTransparency)
bgcolor(showBackgroundColor ? getColor(smoothedVolumeTrend) : na)
In summary, the Volume-Trend Sentiment by AlgoAlpha is a comprehensive tool that enhances market analysis through a unique blend of volume and price trends. Whether you're a seasoned trader or just starting out, this indicator offers valuable insights into market sentiment and helps in making informed trading decisions. 📈📉🔍🌐
IMGPro - V1.0IMG PRO uses nine sequential stages to analyse price action and alert users to potential Trade Setups using various Price Action Concepts as detailed below:
1. Identify Higher Timeframe Market Structure and Points of Interest (HTF-POIs)
2. Calculate position size based on your risk appetite, fees and account leverage and customisable maximum trade risk
3. Verify price is in a premium or discount
4. Determine Lower Timeframe Market Structure Break Type
5. Apply Early Warning Systems if enabled
6. Alert you to risk managed trade setups at enabled HTF-POIs
7. Alert you to unentered trade invalidations
8. Alert you to trade exits based on your set criteria
9. Provide Additional Alerts such as Higher Timeframe SFPs and Market Structure Breaks that act as potential early warnings that a trade setup may be forming
1. HTF POIs Available with IMG PRO:
a. HTF Market Structure Range Highs and Lows
b. HTF Order Blocks
c. HTF Order Blocks & FVG Overlaps
d. HTF Breakers
e. HTF Breakers & FVG Overlaps
f. HTF FVGs
g. Internal Liquidity Levels
These levels are used for Trade Signals based on user settings applied. Details provided in the trade setup section below
a. Higher Timeframe Market Structure Range High and Low through Multiple Timeframe Analysis:
Market Structure can be defined using several techniques. The IMG indicators employ the Close through High/Low technique, which necessitates a candle to close through a structural level to validate a structural break and designate a new range.
Example: H12 Market Structure visualisation on a H12 Chart with annotations:
By selecting a particular Market Structure timeframe in the settings, the indicator immediately illustrates both current and historical market structures for the chosen timeframe across all subordinate timeframes, subject to the limitations of your Tradingview subscription.
Example: H12 Market Structure visualisation on a H1 Chart with annotations:
b. Higher Timeframe Order Blocks
An Order Block represents the last candle of the opposite direction preceding a Market Structure Break. For instance, a bullish Order Block is identified as the final bearish candle leading to a bullish market structure break, and vice versa for bearish Order Blocks.
Example: H12 OB visualisation on a H12 Chart with annotations:
When activated, the indicator will highlight the Higher Timeframe Order Blocks responsible for a Market Structure Break on all subordinate timeframes relative to the chosen Market Structure Timeframe.
Note: if multiple OBs exist, the indicator will display the OB closest to the new range extreme
Example: H12 OB visualisation on a H1 Chart with annotations:
c. HTF Order Blocks & HTF FVG Overlaps
When enabled, the IMG Pro will only display overlaps of Order Blocks and FVGs. These are strong points of interest to look for trade setups
Example of the indicator displaying a Higher Timeframe’s (HTF) OBs + FVGs on a Lower Timeframe (LTF) chart:
The upper chart labelled H12/H12 is the indicator displaying H12 Structure and OB+FVGs on a H12 chart.
The lower chart labelled H12/H1 is the indicator displaying H12 OB+FVGs on a H1 chart:
d. Higher Timeframe Breakers
A Breaker Block is identified as the most recent Order Block that has been breached by price, leading to an opposite Market Structure Break. For example, a bullish Breaker Block is the last bearish Order Block that price has passed through, confirming a bullish structural break, and the inverse is true for bearish Breakers.
Example: H12 Breaker visualisation on a H12 Chart with annotations:
Once enabled, the system will display Higher Timeframe Breaker Blocks after an opposite Market Structure Break is confirmed on all subordinate timeframes.
Example: H12 Breaker visualisation on a H1 Chart with annotations:
e. HTF Breakers & HTF FVG Overlaps
When enabled, the IMG Pro will only display overlaps of Breakers and FVGs. These are strong points of interest to look for trade setups
Example:
The upper chart labelled H12/H12 is the indicator displaying H12 Structure and Breakers+FVGs on a H12 chart
The lower chart labelled H12/H1 is the indicator displaying H12 Breakers+FVGs on a H1 chart
f. Higher Timeframe Fair Value Gaps (FVGs)
A Fair Value Gap is a concept used by price action traders to identify market inefficiencies, where buying and selling are not balanced. It appears on a chart as a triple-candle pattern, with a large candle flanked by two others whose highs and lows do not overlap with the large candle, creating a gap. This gap often attracts the price towards it before the market resumes its previous direction.
Example of the indicator displaying a Higher Timeframe’s FVGs on a Lower Timeframe (LTF) chart:
-The upper chart labelled H12/H12 is the indicator displaying H12 Structure and FVGs on a H12 chart.
-The lower chart labelled H12/H1 is the indicator displaying H12 FVGs on a H1 chart
g. HTF Internal Liquidity Levels (FVGs)
A HTF Liquidity Level is a Higher Timeframe three bar Pivot that forms inside an active range.
When enabled, the system will display all UNTESTED HTF pivots formed within an active range. Lines will stop extending once they are either tested or HTF Market Structure Breaks
Example: H12 Liquidity Levels on a H1 Chart:
2. Risk Management and Position Sizing:
a. Automated Position Sizing:
The System will automatically calculate position size based on the account size, max leverage and risk appetite (capital risk per trade) details input in settings. Calculated trade details are included in the Tradingview Alerts as well as interactive labels on the charts.
Details include but are not limited to:
Trade Timeframe
Side: Long/Short
Type: Limit/Market
Position Size in $ and Units
Lot sizes if applicable
Trade Risk %
Take Profit Level
Entry Price
Stoploss Price
b. Maximum Trade Risk:
IMG PRO has the ability to invalidate potential trade entries if it exceeds your maximum Trade Risk threshold. Trade Risk is the % price difference between entry and stoploss.
When an invalid signal is generated, the signal will not be shaded and the interactive label will display the reason for invalidation
In the example below, Max Trade Risk is set to 2% , but the trade signal had a trade risk of 5.11% invalidating the signal with a grey triangle
3. Verify Premium / Discount:
The system can be setup to only display signals that are in the top or bottom n% of the Market Structure Range
A value of 0 (default) will disable the premium/discount system and utilize the entire range for all signal types (bullish and bearish)
EXAMPLES:
A value of 50% will only display bullish signals that have, at minimum, tagged the bottom half of the range and vice versa for bearish signals.
A value of 25% will only display bullish signals that have tagged the bottom quarter of the range and vice versa.
A value of 38.2% will display signals that tag the top and bottom 38.2% of the range (equivalent of the 61.8% OTE. retracement) Etc.
4. Determine Lower Timeframe Market Structure Break Type
IMG Pro has two options for Lower Timeframe Structure Breaks:
Market Structure Breaks: When selected, the system will use the first opposite pivot (in the current chart timeframe) to the left of a confirmed SFP to calculate a break in market structure when price closes through it:
Market Structure Shifts: When selected, the system will use the first opposite pivot (in the current chart timeframe) to the left OR right of a confirmed SFP to calculate a break in market structure when price closes through it. MSS’ are more sensitive and may provide more false signals but are useful when there are big spike liquidity runs:
5. Apply Early Warning Systems if enabled:
The IMG Pro indicator has an early warning system that will generate a potential setup alert before a HTF SFP is confirmed
There are two types of early warnings:
LTF Structure Break Early Warning:
If enabled, the system will generate a potential setup alert if price cuts through a HTF level (Range Extreme / Internal Liquidity) and prints an opposite LTF MSB back through that level. This is a more aggressive approach where the system does not wait for the HTF SFP to be confirmed.
Example: In the screenshot below, the system did not wait for a H12 SFP to be confirmed, allowing it to signal an entry that would have otherwise been missed if the LTF Structure Break early warning system was not enabled
LTF FVG Early Warning:
If enabled, the system will generate a potential setup alert if price cuts through a HTF level (Range Extreme / Internal Liquidity) and prints an opposite LTF FVG back through that level. No LTF MSB is required and a limit order at the FVG is signalled. This is a more aggressive approach where the system does not wait for the HTF SFP to be confirmed.
Example: In the screenshot below, the system did not wait for a H12 SFP to be confirmed, signalling an entry as soon as an opposite LTF FVG is confirmed pushing price back through the HTF Liquidity Levels
6. Trade Setup Types Available with IMG PRO:
The system will alert you to potential trade setups at these HTF POIs: .
a. Higher Timeframe (HTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at Range Extremes
b. Higher Timeframe (HTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at enabled HTF POIs
c. Higher Timeframe (HTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at All Internal Liquidity Levels (With Trend and Counter Trend)
d. Higher Timeframe (HTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at All Internal Liquidity Levels (With Trend ONLY)
e. Lower Timeframe (LTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at enabled HTF POIs
f. Multiple LTF Entry Options once a signal is confirmed
a. HTF Swing Failure followed by a LTF MSB at Range Extremes
A Swing Failure Pattern (SFP) is a technical analysis concept used in trading to identify potential reversals in price trends. It occurs when the price attempts to surpass a previous high or low but fails to sustain that level, indicating a possible change in market direction. There are multiple methods to define a SFP but this indicator uses the failure to close through a Key Level. When confirmed, HTF SFPs will be displayed on-screen and an alert will fire if enabled.
Example: EURUSD H12 Trade Setup Alerts at Range Extremes on a H1 Chart:
Alerts to Enter at Lower Timeframe MSBs
When enabled, a potential trade setup label and alert will generate when a HTF SFP is confirmed at a Range Extreme followed by a Chart Timeframe (Lower Timeframe) Market Structure Break (MSB). These signals are agnostic to current Market Structure bias and will generate at both extremes.
b. HTF Swing Failure followed by a LTF MSB at HTF POIs:
When enabled, a trade setup label and alert will generate when a HTF SFP is confirmed at an enabled Higher Timeframe POI (Order Blocks / Breakers / FVGs) followed by a Chart Timeframe (Lower Timeframe) Market Structure Break (MSB). These signals are always in line current Market Structure bias.
Example: H12 SFPs and Trade Setups at HTF POIs with Fluid Exits on a H1 Chart:
c. HTF Swing Failure followed by a LTF MSB at All Internal Liquidity Levels ( With Trend and Counter Trend ):
When enabled, a trade setup label and alert will generate when a HTF SFP is confirmed at an Internal Liquidity Level followed by a LTF Market Structure Break (MSB) or Market Structure Shift(MSS). These signals are agnostic to HTF Market Structure bias and will alert to setups with and counter trend.
Example:
d. HTF Swing Failure followed by a LTF MSB at All Internal Liquidity Levels ( With Trend ONLY )
Same as (c), but will only signal trades that are in line with higher timeframe structure. I.e If HTF Structure is bullish, then only bullish trades will be signalled.
e. LTF Swing Failure followed by a LTF MSB at enabled HTF POIs
The system will alert you to a lower timeframe setup if these conditions are met inside enabled HTF POIs (OBs / Breakers / FVGs):
- LTF SFP
- LTF MSB
Example:
f. LTF Entry Options:
IMG PRO provides the following options for LTF Entries:
i. Limit Entry at MSB Level
ii. Limit Entry at Breaker
iii. Limit Entry at Raid Candle
iv. Limit Entry at OTE 70.5% Retracement
v. Market Entries (where applicable)
Trade entry alerts will detail limit entry prices based on the option selected here.
7. Unentered Trade Invalidations:
IMG Pro can invalidate unentered signals based on these custom criteria:
a. Opposite HTF SFP Before Entry
b. TP Hit Before Entry
c. Confirmed Opposite Signal Before Entry
If enabled and criteria met, the system will alert you to cancel any limit orders for the trade that is being invalidated.
8. Trade Exit Types Available with IMG PRO:
The system provides the following options for trade exit alerts:
a. Exit at Fixed R:R
b. Exit at a confirmed Opposite Signal (Fluid Exits)
c. Exit at enabled and untested HTF POIs
d. Exit on an opposite HTF SFP at a liquidity level
Example: H12 SFPs and Potential Trade Setups at Internal Liquidity Levels with Exit at closest untested HTF POI on a H1 Chart:
9. IMG PRO Alerts Overview
The system provides notifications of:
a. Confirmed HTF Market Structure Breaks
b. Confirmed HTF SFPs at Range Extremes
c. Confirmed HTF SFPs at HTF POIs
d. Confirmed HTF SFPs at Liquidity Levels
e. Potential Trade Setups at Range Extremes
f. Potential Trade Setups at HTF Points of Interest
g. Potential Trade Setups at HTF Liquidity Levels
h. LTF SFPs inside HTF POIs
i. Potential LTF Setups at HTF POIs
j. All Exit Types including Stoplosses
k. All Trade Invalidations
To enable alerts, right-click on the indicator and select “Add Alert on IMG ...”. You may customise the alert name as desired and then click 'Create' to finalise the alert setup.
General Note:
There is no system, indicator, algorithm, or strategy that can provide absolute certainty in predicting market movements. Use trading indicators as a tool to assist with trading decisions; manage your risk wisely.
Stay safe and Happy Trading!
IMGCore - V1.0IMG Core uses five sequential stages to analyse price action and alert users to potential Trade Setups using various Price Action Concepts as detailed below:
1. Identify Higher Timeframe Market Structure and Points of Interest (HTF-POIs)
2. Calculate position size based on your risk appetite, fees and account leverage and customisable maximum trade risk
3. Alert you to risk managed trade setups at enabled HTF-POIs
4. Alert you to trade exits based on your set criteria
5. Provide Additional Alerts such as Higher Timeframe SFPs and Market Structure Breaks that act as potential early warnings that a trade setup may be forming
1. HTF POIs Available with IMG CORE:
a. HTF Market Structure Range Highs and Lows
b. HTF Order Blocks
c. HTF Breakers
d. HTF FVGs
a. Higher Timeframe Market Structure Range High and Low through Multiple Timeframe Analysis:
Market Structure can be defined using several techniques. The IMG indicators employ the Close through High/Low technique, which necessitates a candle to close through a structural level to validate a structural break and designate a new range.
Example: H12 Market Structure visualisation on a H12 Chart with annotations:
By selecting a particular Market Structure timeframe in the settings, the indicator immediately illustrates both current and historical market structures for the chosen timeframe across all subordinate timeframes, subject to the limitations of your Tradingview subscription.
Example: H12 Market Structure visualisation on a H1 Chart with annotations:
b. Higher Timeframe Order Blocks
An Order Block represents the last candle of the opposite direction preceding a Market Structure Break. For instance, a bullish Order Block is identified as the final bearish candle leading to a bullish market structure break, and vice versa for bearish Order Blocks.
Example: H12 OB visualisation on a H12 Chart with annotations:
When activated, the indicator will highlight the Higher Timeframe Order Blocks responsible for a Market Structure Break on all subordinate timeframes relative to the chosen Market Structure Timeframe.
Note: if multiple OBs exist, the indicator will display the OB closest to the new range extreme
Example: H12 OB visualisation on a H1 Chart with annotations:
c. Higher Timeframe Breakers
A Breaker Block is identified as the most recent Order Block that has been breached by price, leading to an opposite Market Structure Break. For example, a bullish Breaker Block is the last bearish Order Block that price has passed through, confirming a bullish structural break, and the inverse is true for bearish Breakers.
Example: H12 Breaker visualisation on a H12 Chart with annotations:
Once enabled, the system will display Higher Timeframe Breaker Blocks after an opposite Market Structure Break is confirmed on all subordinate timeframes.
Example: H12 Breaker visualisation on a H1 Chart with annotations:
d. Higher Timeframe Fair Value Gaps (FVGs)
A Fair Value Gap is a concept used by price action traders to identify market inefficiencies, where buying and selling are not balanced. It appears on a chart as a triple-candle pattern, with a large candle flanked by two others whose highs and lows do not overlap with the large candle, creating a gap. This gap often attracts the price towards it before the market resumes its previous direction.
Example of the indicator displaying a Higher Timeframe’s FVGs on a Lower Timeframe (LTF) chart:
-The upper chart labelled H12/H12 is the indicator displaying H12 Structure and FVGs on a H12 chart.
-The lower chart labelled H12/H1 is the indicator displaying H12 FVGs on a H1 chart
2. Risk Management and Position Sizing:
a. Automated Position Sizing:
The System will automatically calculate position size based on the account size, max leverage and risk appetite (capital risk per trade) details input in settings. Calculated trade details are included in the Tradingview Alerts as well as interactive labels on the charts.
Details include but are not limited to:
Trade Timeframe
Side: Long/Short
Type: Limit/Market
Position Size in $ and Units
Lot sizes if applicable
Trade Risk %
Take Profit Level
Entry Price
Stoploss Price
b. Maximum Trade Risk:
IMG Core has the ability to invalidate potential trade entries if it exceeds your maximum Trade Risk threshold. Trade Risk is the % price difference between entry and stoploss.
When an invalid signal is generated, the signal will not be shaded and the interactive label will display the reason for invalidation
In the example below, Max Trade Risk is set to 2% , but the trade signal had a trade risk of 5.11% , invalidating the signal with a grey triangle
3. Trade Setup Types Available with IMG CORE:
The system will alert you to potential trade setups at these HTF POIs: .
a. Higher Timeframe (HTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at Range Extremes
b. Higher Timeframe (HTF) Swing Failure followed by a Higher Timeframe (HTF) MSB at enabled HTF POIs
c. Lower Timeframe (LTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at enabled HTF POIs
d. Multiple LTF Entry Options once a signal is confirmed
a. HTF Swing Failure followed by a Lower Timeframe (LTF) MSB at Range Extremes
A Swing Failure Pattern (SFP) is a technical analysis concept used in trading to identify potential reversals in price trends. It occurs when the price attempts to surpass a previous high or low but fails to sustain that level, indicating a possible change in market direction. There are multiple methods to define a SFP but this indicator uses the failure to close through a Key Level. When confirmed, HTF SFPs will be displayed on-screen and an alert will fire if enabled.
Example: H12 SFPs at Range Extremes on a H1 Chart:
Alerts to Enter at Lower Timeframe MSBs
When enabled, a potential trade setup label and alert will generate when a HTF SFP is confirmed at a Range Extreme followed by a Chart Timeframe (Lower Timeframe) Market Structure Break (MSB). These signals are agnostic to current Market Structure bias and will generate at both extremes.
b. HTF Swing Failure followed by a Lower Timeframe (LTF) MSB at HTF POIs:
When enabled, a potential trade setup label and alert will generate when a HTF SFP is confirmed at an enabled Higher Timeframe POI (Order Blocks / Breakers / FVGs) followed by a Chart Timeframe (Lower Timeframe) Market Structure Break (MSB). These signals are always in line current Market Structure bias.
Example: H12 SFPs and Trade Setups at HTF POIs with Fluid Exits on a H1 Chart:
c. LTF Swing Failure followed by a LTF MSB at Range Extremes at enabled HTF POIs
The system will alert you to a lower timeframe setup if these conditions are met inside enabled HTF POIs (OBs / Breakers / FVGs):
- LTF SFP
- LTF MSB
Signals will alert you to enter a Limit Entry at the LTF MSB Level OR LTF Breaker
Example:
d. LTF Entry Options:
IMG CORE provides the following options for LTF Entries:
i. Limit Entry at Lower Timeframe MSB Levels
ii. Limit Entry at Lower Timeframe Breakers
Based on this selection, the trade setup alert will provide entry price details to set limit orders at the MSB level or LTF Breaker High.
4. Trade Exit Types Available with IMG CORE:
The system provides the following options for trade exit alerts:
i. User defined Risk to Reward (R:R)
ii. On a confirmed Opposite Signal (Fluid Exits)
Example: H12 Long Entry and Exit Signal using Fluid Exits H1 Chart:
5. IMG CORE Alerts Overview
The system provides notifications of:
1. Confirmed HTF Market Structure Breaks
2. Confirmed HTF SFPs at Range Extremes
3. Confirmed HTF SFPs at HTF POIs
4. Potential Trade Setups at Range Extremes
5. Potential Trade Setups at HTF Points of Interest (HTF-LTF and LTF-LTF)
6. Fixed R Trade Exits
7. Exit on Opposing Signals (Fluid Exits)
To enable alerts, right-click on the indicator and select “Add Alert on IMG ...”. You may customise the alert name as desired and then click 'Create' to finalise the alert setup.
General Note:
There is no system, indicator, algorithm, or strategy that can provide absolute certainty in predicting market movements. Use trading indicators as a tool to assist with trading decisions; manage your risk wisely.
Stay safe and Happy Trading!
IMGLite - V1.0IMG indicators use five sequential stages to analyse price and alert users to potential Trade Setups using various Price Action Concepts as detailed below:
a. Identify Higher Timeframe Market Structure and Points of Interest (HTF-POIs)
b. Calculate position size based on your risk appetite, fees and account leverage
c. Alert you to risk managed trade setups at enabled HTF-POIs
d. Alert you to trade exits based on your set criteria
e. Provide Additional Alerts such as Higher Timeframe SFPs and Market Structure Breaks that act as potential early warnings that a trade setup may be forming
a. HTF POIs Available with IMG LITE:
1. HTF Market Structure Range Highs and Lows
2. HTF Order Blocks
3. HTF Breakers
4. HTF FVGs
1. Higher Timeframe Market Structure Range High and Low through Multiple Timeframe Analysis:
Market Structure can be defined using several techniques. The IMG indicators employ the Close through High/Low technique, which necessitates a candle to close through a structural level to validate a structural break and designate a new range.
Example: H12 Market Structure visualisation on a H12 Chart with annotations:
By selecting a particular Market Structure timeframe in the settings, the indicator immediately illustrates both current and historical market structures for the chosen timeframe across all subordinate timeframes, subject to the limitations of your Tradingview subscription.
Example: H12 Market Structure visualisation on a H1 Chart with annotations:
2. Higher Timeframe Order Blocks
An Order Block represents the last candle of the opposite direction preceding a Market Structure Break. For instance, a bullish Order Block is identified as the final bearish candle leading to a bullish market structure break, and vice versa for bearish Order Blocks.
Example: H12 OB visualisation on a H12 Chart with annotations:
When activated, the indicator will highlight the Higher Timeframe Order Blocks responsible for a Market Structure Break on all subordinate timeframes relative to the chosen Market Structure Timeframe.
Note: if multiple OBs exist, the indicator will display the OB closest to the new range extreme
Example: H12 OB visualisation on a H1 Chart with annotations:
Higher Timeframe Breakers
A Breaker Block is identified as the most recent Order Block that has been breached by price, leading to an opposite Market Structure Break. For example, a bullish Breaker Block is the last bearish Order Block that price has passed through, confirming a bullish structural break, and the inverse is true for bearish Breakers.
Example: H12 Breaker visualisation on a H12 Chart with annotations:
Once enabled, the system will display Higher Timeframe Breaker Blocks after an opposite Market Structure Break is confirmed on all subordinate timeframes.
Example: H12 Breaker visualisation on a H1 Chart with annotations:
Higher Timeframe Fair Value Gaps (FVGs)
A Fair Value Gap is a concept used by price action traders to identify market inefficiencies, where buying and selling are not balanced. It appears on a chart as a triple-candle pattern, with a large candle flanked by two others whose highs and lows do not overlap with the large candle, creating a gap. This gap often attracts the price towards it before the market resumes its previous direction.
Example of the indicator displaying a Higher Timeframe’s FVGs on a Lower Timeframe (LTF) chart:
-The upper chart labelled H12/H12 is the indicator displaying H12 Structure and FVGs on a H12 chart.
-The lower chart labelled H12/H1 is the indicator displaying H12 FVGs on a H1 chart
b. Risk Management and Position Sizing:
The System will automatically calculate position size based on the account size, max leverage and risk appetite details input in settings. Calculated trade details are included in the Tradingview Alerts as well as interactive labels on the charts.
Details include but are not limited to:
Trade Timeframe
Side: Long/Short
Type: Limit/Market
Position Size in $ and Units
Lot sizes if applicable
Trade Risk %
Take Profit Level
Entry Price
Stoploss Price
c. Trade Setup Types Available with IMG LITE:
The system will alert you to potential trade setups at these HTF POIs: .
1. Higher Timeframe (HTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at Range Extremes
2. Lower Timeframe (LTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at enabled HTF POIs
1. HTF Swing Failure followed by a Lower Timeframe (LTF) MSB at Range Extremes
A Swing Failure Pattern (SFP) is a technical analysis concept used in trading to identify potential reversals in price trends. It occurs when the price attempts to surpass a previous high or low but fails to sustain that level, indicating a possible change in market direction. There are multiple methods to define a SFP but this indicator uses the failure to close through a Key Level. When confirmed, HTF SFPs will be displayed on-screen and an alert will fire if enabled.
Example: H12 SFPs at Range Extremes on a H1 Chart:
Alerts to Enter at Lower Timeframe MSBs
When enabled, a potential trade setup label and alert will generate when a HTF SFP is confirmed at a Range Extreme followed by a Chart Timeframe (Lower Timeframe) Market Structure Break (MSB). These signals are agnostic to current Market Structure bias and will generate at both extremes.
Signals will alert you to enter a Limit Entry at the Lower Timeframe MSB Level
2. LTF Swing Failure followed by a LTF MSB at Range Extremes at enabled HTF POIs
The system will alert you to a lower timeframe setup if these conditions are met inside enabled HTF POIs (OBs / Breakers / FVGs):
- LTF SFP
- LTF MSB
Signals will alert you to enter a Limit Entry at the Lower Timeframe MSB Level
Example:
d. Trade Exit Types Available with IMG Lite:
Exit alerts will trigger at user defined R:R
Example: H12 SFPs and Potential Trade Setups with Exits at fixed 2R on a H1 Chart:
e. IMG LITE Alerts Overview
Higher Timeframe Market Structure Breaks (HTF MSBs)
The system provides notifications of confirmed Market Structure Breaks based on the selected Higher Timeframe Market Structure Timeframe. For instance, selecting a weekly structure will trigger an alert when weekly price closes through a weekly structural level, and the same logic applies to other timeframes like D, H12, H4, H1 etc.
The system provides notifications of:
1. Confirmed HTF Market Structure Breaks
2. Confirmed HTF SFPs at Range Extremes
3. Potential Trade Setups (defined above)
4. Fixed R Trade Exits
To enable alerts, right-click on the indicator and select “Add Alert on IMG ...”. You may customise the alert name as desired and then click 'Create' to finalise the alert setup.
General Note:
There is no system, indicator, algorithm, or strategy that can provide absolute certainty in predicting market movements. Use trading indicators as a tool to assist with trading decisions; manage your risk wisely.
Stay safe and Happy Trading!
Bit Rocket Grid Bot Screener 1.0DESCRIPTION
A grid bot is an automated trading bot that is designed to execute buy and sell orders based on a pre-defined grid of prices. Grid bots operate within a specified price range, placing trades at set intervals above and below the current market price. The key idea behind a grid bot is to take advantage of price fluctuations and market volatility, not looking for trends or breakouts.
The optimal trading pair for a grid bot is one that exhibits frequent oscillations within a predictable range while demonstrating a slight upward trend. In simpler terms, it's a pair that consistently fluctuates within the same range.
The Grid Bot Screener serves as a valuable tool for identifying the most suitable trading pairs, by showing the indicators that matter the most for sideways Grid Bot trading. Most screeners look for trends, breakouts and use indicators that are used for assisting the trader with when to buy and sell. This indicator assists in the selection of pairs that are likely to yield the best results for high volatility sideways trading.
USAGE
This screener looks at volatility, sideways action, ADX, and other indicators that are most helpful when determining the amount and potential volatility, sideways action, and transactions for up to twenty pairs at a time.
Each indicator has a threshold that the user can set themselves, this way the user is in control when comparing or hunting for the optimal pairs.
User selects up to twenty pairs, sets thresholds if different than defaults, then sets length (how far back to look). Once this is set the user can quickly look and compare the results.
KEY INDICATORS
VOLATILITY ACTION - Percentage of Price Action Volatility; Temporal Volatility Trends; Elevated price action signifies accelerated price fluctuations, disregarding directional cues.
SIDEWAYS ACTION - The higher the value, the greater the horizontal movement; a robust trend, which is not our objective, provides no directional insight.
Values exceeding 45 indicate pronounced sideways activity, while lower values approaching zero signify a vigorous trend.
These values do not assist in determining the trend direction.
Higher values imply a more sideways orientation, whereas lower values indicate a more pronounced trend.
ADX - Does not indicate trend direction; instead measures trend strength.
An indicator for price range
Lower values signal a weak trend
Higher values denote a robust trend
Strategy: Look for values of 25 or lower which indicate a ranging or neutral trend.
TXNS SCORE – Transaction Activity.
TXNS indicator represents grid performance and serves as a direct measure of trading activity. TXNS accumulates the number of buy and sell actions, reflecting the user-defined grid percentage.
Elevated transaction numbers signify increased activity, leading to enhanced bot profitability.
NOTE: For an accurate representation of the actual number of transactions, use the Bit Rocket Transactions indicator on the 30min time frame.
CONFIRMATION INDICATORS
While the key indicators are generally reliable on their own, it's also valuable to assess how well the asset is performing and its historical trajectory. The confirmation indicators provide valuable insights into an asset's performance and direction, reinforcing the assessments made through the key indicators, again these indicators on their own are not enough they must be used in conjunction with the key indicators.
VOL - Trading Activity: For assets engaged in sideways trading, sufficient volume is necessary, but it doesn't need to be as high as you might expect.
VOL(USD) - USD-Based Activity: A high USD volume signifies strong market interest.
ROC - Rate of Change Percentage: This metric calculates the percentage change in price over a specified date range. Shows trend direction using price percentage.
• Avoid extremely high or extremely low values.
o Excessively high values may indicate overbought conditions with potential for a price correction.
o Very low values could imply waning interest and diminished asset value.
o Conversely, high values might indicate asset strength, while low values could suggest that the asset has reached a bottom and is unlikely to decrease further.
BOLLINGER BAND WIDTH PERCENT - Average MACD Percentage Width, percent is used with Bollinger bands to allow for comparison with other assets.
RSI - Buying and Selling Pressure Strength: When assessing RSI, look for a balance between buying and selling pressure while still maintaining high volatility and sideways strength. Key RSI levels to consider:
• 40-60: Neutral range, indicating equilibrium and stability.
• Above 70: Approaching overbought conditions.
• Below 30: Nearing oversold conditions.
These confirmation indicators provide valuable insights into an asset's performance and direction, reinforcing the assessments made through the key indicators.
ADDITIONAL INDICATORS
DAYS ON EXCHANGE – This metric reveals how long the crypto pair has been listed on the exchange. It serves multiple purposes, such as assessing the data's historical depth and indicating whether the crypto might be relatively new. Keep in mind that while the asset could exist for a while, it might not have been available on the exchange for an extended period.
PRICE – This merely states the current price, making it suitable for those focusing on price action, it is provided for informational value only.
SAFE RANGE – This percentage indicates the price movement range from the highest to the lowest within a specified data range. Use this to determine the upper and lower levels for setting up your grid range.
PivottrendHi all!
This script is based on the concept of "higher highs and higher lows" and "lower highs and lower lows". Bullish/bearish trend changes when a previous pivot (low in bullish trend and high in bearish trend) is broken (or has equal value). Some settings are customizable by the user:
Timeframe
- You can choose what timeframe the pivots are found on
Left length
- The left length used for the pivots found
Right length
- The right length used for the pivots found
Show labels
- Choose if you want to display buy and sell labels
Show pivots
- Choose if you want to display the pivots found
Show MSS
- Choose if you want to display a line when price breaks a previous pivot
The "look and feel" is inspired by the script "SuperTrend" by KivancOzbilgic ().
Best of trading luck!
Breakout Detector (Previous MTF High Low Levels) [LuxAlgo]The Breakout Detector (Previous MTF High Low Levels) indicator highlights breakouts of previous high/low levels from a higher timeframe.
The indicator is able to: display take-profit/stop-loss levels based on a user selected Win/Loss ratio, detect false breakouts, and display a dashboard with various useful statistics.
Do note that previous high/low levels are subject to backpainting, that is they are drawn retrospectively in their corresponding location. Other elements in the script are not subject to backpainting.
🔶 USAGE
Breakouts occur when the price closes above a previous Higher Timeframe (HTF) High or below a previous HTF Low.
On the advent of a breakout, the closing price acts as an entry level at which a Take Profit (TP) and Stop Loss (SL) are placed. When a TP or SL level is reached, the SL/TP box border is highlighted.
When there is a breakout in the opposite direction of an active breakout, previous breakout levels stop being updated. Not reaching an SL/TP level will result in a partial loss/win,
which will result in the box being highlighted with a dotted border (default). This can also be set as a dashed or solid border.
Detection of False Breakouts (default on) can be helpful to avoid false positives, these can also be indicative of potential trend reversals.
This indicator contains visualization when a new HTF interval begins (thick vertical grey line) and a dashboard for reviewing the breakout results (both defaults enabled; and can be disabled).
As seen in the example above, the active, open breakout is colored green/red.
You can enable the setting ' Cancel TP/SL at the end of HTF ', which will stop updating previous TP/SL levels on the occurrence of a new HTF interval.
🔶 DETAILS
🔹 Principles
Every time a new timeframe period starts, the previous high and low are detected of the higher timeframe. On that bar only there won't be a breakout detection.
A breakout is confirmed when the close price breaks the previous HTF high/low
A breakout in the same direction as the active breakout is ignored.
A breakout in the opposite direction stops previous breakout levels from being updated.
Take Profit/Stop Loss, partially or not, will be highlighted in an easily interpretable manner.
🔹 Set Higher Timeframe
There are 2 options for choosing a higher timeframe:
• Choose a specific higher timeframe (in this example, Weekly higher TF on a 4h chart)
• Choose a multiple of the current timeframe (in this example, 75 minutes TF on a 15 min chart - 15 x 5)
Do mind, that when using this option, non-standard TFs can give less desired timeframe changes.
🔹 Setting Win/Loss Levels
The Stop Loss (SL) / Take Profit (TP) setting has 2 options:
W%:L% : A fixed percentage is chosen, for TP and SL.
W:L : In this case L (Loss-part) is set through Loss Settings , W (Win-part) is calculated by multiplying L , for example W : L = 2 : 1, W will be twice as large as the L .
🔹 Loss Settings
The last drawing at the right is still active (colored green/red)
The Loss part can be:
A multiple of the Average True Range (ATR) of the last 200 bars.
A multiple of the Range Cumulative Mean (RCM).
The Latest Swing (with Length setting)
Range Cumulative Mean is the sum of the Candle Range (high - low) divided by its bar index.
🔹 False Breakouts
A False Breakout is confirmed when the price of the bar immediately after the breakout bar returns above/below the breakout level.
🔹 Dashboard
🔶 ALERTS
This publication provides several alerts
Bullish/Bearish Breakout: A new Breakout.
Bullish/Bearish False Breakout: False Breakout detected, 1 bar after the Breakout.
Bullish/Bearish TP: When the TP/profit level has been reached.
Bullish/Bearish Fail: When the SL/stop-loss level has been reached.
Note that when a new Breakout causes the previous Breakout to stop being updated, only an alert is provided of the new Breakout.
🔶 SETTINGS
🔹 Set Higher Timeframe
Option : HTF/Mult
HTF : When HTF is chosen as Option , set the Higher Timeframe (higher than current TF)
Mult : When Mult is chosen as Option , set the multiple of current TF (for example 3, curr. TF 15min -> 45min)
🔹 Set Win/Loss Level
SL/TP : W:L or W%:L%: Set the Win/Loss Ratio (Take Profit/Stop Loss)
• W : L : Set the Ratio of Win (TP) against Loss (SL) . The L level is set at Loss Settings
• W% : L% : Set a fixed percentage of breakout price as SL/TP
🔹 Loss Settings
When W : L is chosen as SL/TP Option, this sets the Loss part (L)
Base :
• RCM : Range Cumulative Mean
• ATR : Average True Range of last 200 bars
• Last Swing : Last Swing Low when bullish breakout, last Swing High when bearish breakout
Multiple : x times RCM/ATR
Swing Length : Sets the 'left' period ('right' period is always 1)
Colours : colour of TP/SL box and border
Borders : Style border when breakout levels stop being updated, but TP/SL is not reached. (Default dotted dot , other option is dashed dsh or solid sol )
🔹 Extra
Show Timeframe Change : Show a grey vertical line when a new Higher Timeframe interval begins
Detect False Outbreak
Cancel TP/SL at end of HTF
🔹 Show Dashboard
Location: Location of the dashboard (Top Right or Bottom Right/Left)
Size: Text size (Tiny, Small, Normal)
See USAGE/DETAILS for more information
Flux Charts MTF Supply and Demand Zones (Premium)Indicator Overview
The Multi-Timeframe Supply & Demand Zones indicator by Flux Charts displays supply and demand zones on multiple timeframes with two different zone detection methods. These zones are commonly known as areas where there are lots of buyers/sellers present in the market.
Adaptive Detection Method
AMEX:SPY 5m timeframe, October 8 2023
Indicator Settings: (Timeframe: Chart & 15m, Method: Adaptive, Zone Multiplier: 1)
Many times supply and demand scripts try and precisely define conditions that qualify for supply and demand zones. People, however, when locating supply and demand zones manually generally do not take a quantitative approach, rather looking for qualities in price action that have generalized qualities and trends. The adaptive algorithm uniqueness comes from adapting the human approach to work computationally. It generalizes the qualities of supply and demand zones and locates areas in the chart with an acceptable similarity. Specifically, it looks for consolidated areas within the chart that are preceded by a rise or fall in price. The rise or fall length has to be a certain ratio to the consolidation length. If the criteria are met it will draw the zone, if a zone already exists at that price level it will ignore it or merge them if they are different timeframes. This results in a much more consistent ability to identify areas of supply and demand.
Basic Detection Method
The basic detection method looks for areas where price made drastic movements within a small period of time, which could indicate a high level of buyers/sellers at the spot. Thus, these zones are formed and can be used as areas of trading where money is going in/out of the markets.
Multi-Timeframe (MTF) S&D
Flux Charts supply and demand script utilizes MTF. This allows for displaying zones from different timeframes on one chart. Utilizing higher timeframes is a common practice in trading, and it can be easy to forget about key levels & zones on higher timeframes which could cause reversals/bounces.
Here is an example of a 15 minute supply zone formed on the NASDAQ, and with this indicator, you can also see this same 15 minute supply zone while being on a 5 minute candlestick chart, since you have the 15 minute zones enabled in the settings. This indicator offers supply & demand zones on multiple timeframes including the 5 minute, 15 minute, 30 minute, 1 hour, and 4 hour.
Settings
Method:
Choose between the Supply & Demand zones detection (Basic / Adaptive)
Zone Retests:
Choose how retests should be considered. You can choose between a high/low candle wick entering a zone, or a candle closing inside of a zone to be considered a valid retest.
Zone Invalidation:
Choose how zones are invalidated. You can choose between a high/low candle wick exiting a zone, or a candle closing outside of a zone to be considered a zone invalidation.
Zone multiplier:
Adjust zone size (1 is recommended)
Timeframe:
Choose the timeframes you would like Supply & Demand zones to be displayed from.
Zone Appearance:
Adjust the colors of Supply/Demand zones
Enable/Disable the center dashed line in zones
Display Labels:
Choose to toggle on/off retest & break labels
Notifications:
Choose what alerts you would like to receive. You can choose to have new zone formations, zone breaks, and zone retests.
NIFTY POSITION ScannerTracking the real-time intraday position of NIFTY stocks is the utility of this price action based scanner. The number of stocks in this scanner is 40 due to TradingView's script limit.
The script takes present day's price range of the stocks (stocks of the Index being tracked included in this screener) into account, to hint strength or weakness in the underlying Index (for example: NIFTY here).
The day's price range of a stock is gauged on a scale of 0-100, where 0 is Day's price low and 100 is day's price high.
If a stock is in 90-100 price range section the cell with title "90" illuminates hinting the stock is trading near day's high.
Likewise, if a stock is in 0-10 price range section the cell with title "10" illuminates hinting that the stock is trading near day's low.
The price range of 10-25 is represented in the cell titled "25"
The price range of 75-90 is represented in the cell titled "75"
Only one cell from the day's range illuminates at a time for a stock, signaling the present position of that stock in the Day's range at that instant.
The script works best above 10 second time frame.
Idea: If majority of the heavy weight stocks of the Index being tracked are trading near Day's high the underlying Index must be going strong at that very instant and Vice versa.
Disclaimer: Only for studying Index movement ideas intraday, trading is not advised.
Also check out the other scripts by me.
-- Dr. Vats
Volumetric Toolkit [LuxAlgo]The Volumetric Toolkit is a complete and comprehensive set of tools that display price action-related analysis methods from volume data.
A total of 4 features are included within the toolkit. Symbols that do not include volume data will not be supported by the script.
🔶 USAGE
The volumetric toolkit puts a heavy focus on price action, returning support/resistance levels, ranges, volume divergences...etc.
The main premise between each feature is that volume has a direct relationship with market participants level of interest over a specific symbol, and that this interest is not constant over time.
Each individual feature is detailed below.
🔹 Ranges Of Interest
The Ranges Of Interest construct a range from a surge of high liquidity in the market. This range is constructed from the price high and price low of the candle with the associated significant liquidity.
The returned extremities can be used as support and resistance, with breakouts often being accompanied by significant liquidity as well, suggesting potential trend continuations.
The length setting associated with this feature determines how sensitive the range detection algorithm is to volume, with higher values requiring more significant volume in order to display a new range.
🔹 Impulses
Impulses highlight times when volume makes a new higher high while the price makes a new higher high or lower low, suggesting increased market participation.
When this occurs when the price makes a new higher high the impulse is considered bullish (green), if the price makes a new lower low the impulse is bearish (red).
Impulses occurring within an established trend opposite to it (e.g a bearish impulse on an uptrend) might be indicative of reversals.
The length setting works similarly to the previously described ranges of interest, with higher values requiring longer-term volume higher high and price higher high/lower low, highlighting more significant impulse and potentially longer-term reversals.
🔹 Levels Of Interest
Levels of interest display price levels of significant trading activity, contrary to the range of interest only the closing price is taken into account, also volume peaks are used to detect significant trading activity.
Note that this feature is subject to backpainting, that is lines are set retrospectively.
Users can determine the amount of most recent levels to display on the chart. These can be used as classical support/resistances.
🔹 Volume Divergence
We define volume divergence as a decreased market participation while a trend is still developing.
More precisely volume divergences are highlighted if volume makes a lower high while price is making a new higher high/lower low.
This can be indicative of a lack of further participation in the current trend, indicating a potential reversal.
Using higher length values will return longer-term divergences.
Note that this feature is subject to backpainting, that is lines are set retrospectively.
🔶 SETTINGS
🔹 Ranges Of Interest
Show Ranges Of Interest: Display Ranges Of Interest.
Length: Ranges Of Interest sensitivity to volume.
🔹 Impulses
Show Impulses: Display Ranges Of Interest.
Length: Impulses sensitivity to volume.
🔹 Levels Of Interest
Show: Determine if Levels Of Interest are displayed, and how many from the most recent.
Length: Level detection sensitivity to volume.
🔹 Volume Divergences
Show Divergences: Determine if Volume Divergences are displayed.
Length: Period for the detection of price tops/bottoms and volume peaks.
EQ LEVELS / EquilibriumWhat is it, How to use it, How to adjust the settings? What Calculates EQ Level?
What is it?
EQ, Equilibrium, In the money market, the term "equilibrium" or "equilibrium" refers to the point at which supply and demand are equalised. At this point, money supply and money demand meet each other and interest rates stabilise at a certain level. Equilibrium in the money market reflects the overall financial balance in the economy
According to What Calculates the EQ Level?
Normally, there may be many different alternatives to this, but I have printed the result on the screen by adding the highest and lowest levels of the prices and averaging them to think of a simple solution.
How to use it?
I have added 4 timeframes for both long-term investors and traders to use. If you want to use which timeframe, you can select the timeframe you want from the settings and see it on the chart. For those who want to trade, my suggestion is to follow the daily eq levels and of course look at the weekly eq levels. The weekly eq level can give you an idea of what kind of price range the next day may be in.
How to Make Settings?
When you first add the indicator to the chart, it draws a line. You change it to a circle or plus in the settings, it will look like the picture I shared. I also share open source code and can make changes in the code.
Nedir?, Nasıl Kullanılır?, Ayarları Nasıl Yapılır? EQ Seviyesini Neye Göre Hesaplar?
Nedir?:
EQ yani Equilibrium, Para piyasasında "denge" veya "equilibrium" terimi, arz ve talebin eşitlendiği noktayı ifade eder. Bu noktada, para arzı ile para talebi birbirini karşılar ve faiz oranları belirli bir seviyede dengelenir. Para piyasasındaki denge, ekonomideki genel finansal dengeyi yansıtır
EQ Seviyesini Neye Göre Hesaplar?
Normalde bunun farlı bir çok alternatifi olabilir ama ben biraz basit bir çözüm düşünmek için fiyatların en yüksek ve en düşük seviyelerini toplayarak ve ortalamasını alarak çıka sonucu ekrana yazdırdım.
Nasıl Kullanılır?
Hem uzun vadeli yatırım yapanlar hem de trade yapanların kullanabilmesi için 4 zaman dilimi ekledim. Hangi zaman dilimini kullanmak istiyorsanız ayarlardan istediniz zaman dilimini seçip onu grafikte görebilirsiniz. Trade yapmak isteyenler için önerim günlük eq seviyelerini takip etmeleri ve tabiki haftalık eq seviyelerine bakın. Haftalık eq seviyesi size bir sonra ki günün nasıl bir fiyat aralığı içerisinde olabileceği konusunda fikir verebilir.
Ayarları Nasıl Yapılır?
Grafiğe indikatörü ilk eklediğiniz de çizgi çizdirir. Siz ayarlardan onu daire veya artı olarak değiştirin benim paylaştığım resimde ki gibi görünecektir. Ayrıca açık kaynak kodlu paylaşıyorum isteyen kod içerisinde değişiklikler yapabilir.
World Class SMC [WinWorld]This indicator uses valid pullbacks in order to draw market structure with strict accordance to TradingHub strategy.
Features
Our indicator uses a number of price concepts, such as:
IDM
BoS & ChoCh ( also their sweeps )
Automatic resolving of ChoCh-IDM and IDM-BoS conflicts
Orderblocks (IDM, Extreme)
True Fair Value Gaps (FVG)
True PDH/PDL
SCOB pattern
One of the core features is the ability to choose a time point, from which the market structure will be drawn. This feature alone allows you to test your most desired hypotheses about the market movements within a few clicks, so no more guesses and "what if"s, because you get the opportunity to test everything yourself and right now.
Settings
Let's review the settings themselves:
Extended Structure: allows you to choose between drawing market structure for a whole timeline or from specific time point only;
Build OB by sweeps: allows you to only draw orderblocks from candle, which took liquidity from previous candle by sweep;
Structure colours & text: allows you to customise visuals representations of market structure elements on your chart;
Structure visuals: allows you to choose which elements of market structure you want / don't want to see on your chart;
Show trend: allows you to choose the way market structure trend will be displayed on your chart: divider or background colouring ;
Alerts for each and every event , whether it is a new BoS, ChoCh, orderblock and etc.
Usage Examples
IDM Orderblock ( OB-IDM )
Basic demonstration
When price reaches OB-IDM, you will be able to receive an alert. After that, check if the candle, that reached OB-IDM, closed inside or above ( bearish scenario )/ below ( bullish scenario ) OB-IDM's boundaries. If conditions above were met, go on LTF and look for an entry.
Extreme Orderblock ( OB-EXT )
Basic demonstration
Similar to OB-IDM situation: When price reaches OB-EXT, you will be able to receive an alert. After that, check if the candle, that reached OB-EXT, closed inside or above ( bearish scenario )/ below ( bullish scenario ) OB-EXT's boundaries. If conditions above were met, go on LTF and look for an entry.
Sweep PDH/PDL
Basic demonstration
* PDH — Previous Day High
* PDL — Previous Day Low
When you received PDH sweep alert and current trend is bearish, go on LTF to find entry point. ( bullish scenario: PDL sweep and current trend is bullish )
Sweep ChoCh
Basic demonstration
If you get alert of sweeped ChoCh, it usually means that price grabbed the liquidity from extremum points and is ready to continue going with the trend. Go on LTF to find an entry.
Reversal Confirmations [QuantVue]The Reversal Confirmation Indicator is based on price action and looks to provide opportunities when price gets stretched.
The indicator works by finding the highest and lowest points over the user selected lookback period.
If price closes below the low of the highest bar or closes above the high of the lowest bar a possible reversion to the mean may occur and the indicator will plot a triangle and fire an alert.
This indicator works a reversion to the mean or to potentially time entries in trending markets.
Fully customizable settings:
🔹Lookback Period
🔹Colors
🔹Show / hide upper & lower channels
🔹Show / hide the mean
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
