Smart Money Concepts Probability (Expo)█ Overview
The Smart Money Concept Probability (Expo) is an indicator developed to track the actions of institutional investors, commonly known as "smart money." This tool calculates the likelihood of smart money being actively engaged in buying or selling within the market, referred to as the "smart money order flow."
The indicator measures the probability of three key events: Change of Character ( CHoCH ), Shift in Market Structure ( SMS ), and Break of Structure ( BMS ). These probabilities are displayed as percentages alongside their respective levels, providing a straightforward and immediate understanding of the likelihood of smart money order flow.
Finally, the backtested results are shown in a table, which gives traders an understanding of the historical performance of the current order flow direction.
█ Calculations
The algorithm individually computes the likelihood of the events ( CHoCH , SMS , and BMS ). A positive score is assigned for events where the price successfully breaks through the level with the highest probability, and a negative score when the price fails to do so. By doing so, the algorithm determines the probability of each event occurring and calculates the total profitability derived from all the events.
█ Example
In this case, we have an 85% probability that the price will break above the upper range and make a new Break Of Structure and only a 16.36% probability that the price will break below the lower range and make a Change Of Character.
█ Settings
The Structure Period sets the pivot period to use when calculating the market structure.
The Structure Response sets how responsive the market structure should be. A low value returns a more responsive structure. A high value returns a less responsive structure.
█ How to use
This indicator is a perfect tool for anyone that wants to understand the probability of a Change of Character ( CHoCH ), Shift in Market Structure ( SMS ), and Break of Structure ( BMS )
The insights provided by this tool help traders gain an understanding of the smart money order flow direction, which can be used to determine the market trend.
█ Any Alert function call
An alert is sent when the price breaks the upper or lower range, and you can select what should be included in the alert. You can enable the following options:
Ticker ID
Timeframe
Probability percentage
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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, backtest, 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/Ideas/Algos/Systems are only for educational purposes!
Cari dalam skrip untuk "ict"
Order Blocks & Breaker Blocks [LuxAlgo]The Order Blocks & Breaker Blocks indicator detects order blocks that can be turned into breaker blocks on the chart automatically once mitigated.
Users can determine the amount of bullish and bearish order/breaker blocks that display on their chart from within the settings menu.
🔶 SETTINGS
Swing Lookback: Lookback period used for the detection of the swing points used to create order blocks.
Show Last Bullish OB: Number of the most recent bullish order/breaker blocks to display on the chart.
Show Last Bearish OB: Number of the most recent bearish order/breaker blocks to display on the chart.
Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range.
🔹 Style
Show Historical Polarity Changes: Allows users to see labels indicating where a swing high/low previously occurred within a breaker block.
🔶 USAGE
We have published several scripts covering the detection of order blocks previously, however, the concept of breaker blocks was not yet introduced.
When price mitigates an order block, a breaker block is confirmed. We can eventually expect price to trade back to this breaker block offering a new trade opportunity.
We can see that this is similar to a change in polarity, where a support becomes a resistance after a breakout and vice versa.
This script highlights regular order blocks as solid extended areas on the chart and breaker blocks as dashed lines with dual-colored areas. The color change and dashed line starts at the location where the order block was mitigated.
Using a higher "Swing Lookback" setting will return longer term order/breaker blocks on the chart.
Users can optionally enable "Historical Polarity Changes" labels within the settings menu to see where breaker blocks might have provided an effective trade setup previously.
The "Historical Polarity Changes" setting is disabled by default & is most effective using replay mode as the labels are backpainted.
The order blocks & breaker blocks themselves can be used in real-time as they are detected based on the swing length & previous breaker blocks being mitigated.
Cuck WickAcknowledgement
This indicator is dedicated to my friend Alexandru who saved me from one of these scam cuck wicks which almost liquidated me.
Alexandru is one of the best scalpers out there and he always nails his entries at the tip of these wicks.
This inspired me to create this indicator.
What's a cuck wick?
It's that fast stop-hunting wick that cucks everyone by triggering their stop-loss and liquidation.
Liquidity is the lifeblood of stock market and liquidation is the process that moves price.
This indicator will identify when a liquidity pool is getting raided to trigger buy or sell stops, they are also know as stop-hunts.
How does it work?
When market consolidates in one direction, it builds up liquidity zones.
Market maker will break out of these consolidation phases by having dramatic price action to either pump or dump to raid these liquidity zones.
This is also called stop-hunts or liquidity raids. After that it will start reversing back to the opposite direction.
This is most noticeable by the length of the wick of a given candle in a very short amount of time and the total size of the candle.
This indicator highlights them accordingly.
Settings
Wick and Candle ratio works with default values but finetune will enhance user experience and usability.
Wick Ratio: Size of the wick compared to body of a candle.
Adjust this to higher ratio on smaller timeframe or smaller ratio on bigger timeframe to your trading style to spot a trend reversal.
Candle Ratio: The size of the candle, by default it is 0.75% of the current price.
For example, if BTC is at 20,000 then the size of the candle has to be minimum 150.
This can be fine tuned to bigger candle size on higher time frames or smaller for shorter timeframe depending on the trade type.
How to use it?
This indicator will identify when a liquidity pool is getting raided to trigger buy or sell stops, they are also know as stop-hunts. It can be used of its own for scalping but there are also a good few indicators which would most definitely help to confluence bigger timeframe trades.
Scalp
This indicator shows the most chaotic moments in price action; therefore it works best on smaller timeframes, ideally 3 or 5 minute candle.
- Wait for the market to start pumping or dumping.
- Current candle will change colour (Bullish/Bearish).
- Enter trade as soon as price starts to reverse back.
- Place the stop-loss outside of the current candle.
- Wait for the cuck wick to appear as confirmation.
Price is very chaotic during a liquidity stop-hunt raid but there is a saying:
"In the midst of chaos, there is also opportunity" - Sun-Tzu
Since this is a very high risk, high reward strategy; it is advised to practice on paper trade first.
Practice until perfection and this indicator would be the perfect bread and butter scalp confirmation.
Fair Value Gap
FVG strategy is the most accurate in conjunction with this indicator.
Normally price would reverse after consuming fair value gaps but often it's difficult to know when and where.
This indicator would identify those crucial entry points for reverse course direction of the price action.
Support and Resistance
This indicator can also be used in conjunction with support and resistance lines.
Generally the cuck will go deep below the support or spike much further up the resistance lines to liquidate positions.
Bollinger Bands
Bolling Bands strategy would be to wait until the price breaks out of the band.
Once the wick is formed, it would be an ideal entry point.
Script change
This is an open-source script and feel free to modify according to your need and to amplify your existing strategy.
SMT Divergence [TFO]Smart Money Technique ( SMT ) Divergence is meant to annotate divergences between closely correlated assets. This indicator works by finding local lows and highs for both the current chart symbol and the symbol defined in the settings. It compares both symbols' pivots and evaluates whether they indicate a valid divergence (based on where they're located, whether they make opposing highs/lows, whether a clean connection can be made, etc.).
Take $ES_F and $NQ_F for example ( S&P 500 and Nasdaq 100 U.S. index futures ). These two names normally track each other very closely (and in the same direction, versus something like $DXY ), but if $ES_F is steadily rising towards a large institutional level and making higher highs, while $NQ_F is approaching a similarly important level and making lower highs on that same timeframe, this would indicate a divergence between the two assets that could foreshadow a “Smart Money Reversal.”
We can look at diverging highs at resistance as potential reason to look for low timeframe reversal structure to get short, and likewise look at diverging lows near support as potential reason to look for reversal structure to get long. As with most trading concepts, the higher timeframes here are key in this analysis. Divergence on a 4h chart can be much more telling than divergence on a 1m chart; but assuming a higher timeframe bias is already formulated, then SMT could simply act as an additional confluence tool to enter a trade.
New York ZonesHello traders, here is a indicator which is based on a strategy I found on a forum. I hope you will find it useful.
Rules to Follow:
1) Wait for signal . Signal appears at 9:30. (New York time)
2) Wait for price to mitigate the zone
3) Sell anywhere in this range after or during zone mitigation.
4) Keep stop Wide to avoid getting stopped out.
5) Target the previous liquidity with minimum 3RR.
6) Look for opposite trade if zone fails to hold , with proper analysis
Note :
1) This Indicator is made specifically for US30 and US100 (Indices) but can be used with other pairs as well (need back testing)
2) I would not recommend to place the trade right away as soon as signal appears , wait for liquidity to be taken out and place a trade after confirmation.
3) Trades can be placed below the zone as well but the probability of entry may decrease ,while increasing the accuracy.
4) Use timeframe <= 5 min to take entries.
Trade scenarios
Perfect trade :
Price failed to hold, you got stopped out and market changes direction :
Price respect zone in future:
Take Session High/Low Alert [MsF]Japanese below / 日本語説明は英文の後にあります。
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This indicator that displays High/Low lines for each session. The Key Levels of each session can be visually recognized, which is useful for PD Array analysis. You can display the last 3 days. Based on trinity by ICT.
The biggest feature is that the color shape of the line changes when reaching High/Low. Of course, you can also set alerts.
Unreached High/Low lines can be extended to the right. hides all timeframes over 1 hour. (alert is alive)
You can choose 4 sessions. If you only want to use 3 sessions, you can do that by setting the same session time for 2 of the 4 session settings.
About Parameter Settings
Session Time: Please set it to be a 24-hour cycle. You can also specify the time zone. The default is NY time.
Basis/Other color: The first time specified in "Session Time" in this indicator's parameter is the "Basis color". "Other color" is a line other than that.
Enable Time Lines: You can turn on/off the display of vertical lines.
High/Low color: High/Low line setting that has not been reached.
Taken color: High/Low line setting that has already been reached.
Extend Lines: Allows unreached High/Low lines to be extended to the right in the chart.
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セッションごとのHigh/Lowをライン表示するインジケーターです。
過去約３日分を表示することができます。
最大の特徴はHigh/Low到達時にラインの色形が変わることです。もちろんアラート設定も可能です。
未到達のHigh/Lowラインは右側に延長することができます。
チャート表示がビジーとなる為、1時間を超える時間足ではすべて非表示とする仕様です。（アラートは生きてます）
セッションは4つ指定できます。
もしセッションを3つのみ使用したい場合は、4つのセッション設定の内2つに同じセッション時間を設定することで実現可能です。
■パラメータ設定
Session Time：24時間周期となるように設定してください。またタイムゾーンが指定できます。デフォルトはNY timeです。
Basis/Other color：パラメータの"Session Time"にて一番最初に指定した時間が基準＝Basisとなります。Otherはそれ以外のラインとなります。
Enable Time Lines：垂直ラインの表示ON/OFFが可能です。
High/Low color：未到達のHigh/Lowライン設定となります。
Taken color：到達済みのHigh/Lowライン設定となります。
Extend Lines：未到達のHigh/Lowラインを右に延長できます。
wick CE; plot candle wick and tail midpoint lines-Simple little tool to plot the wick CE: an ICT concept, consequent encroachment i.e. the midpoint line of a wick or tail; it being a potentially sensitive level (depending on context).
-Wrote this to save me time drawing out fib retracement to locate the precise level of the wick CE. Example usage: show indicator, add horizontal ray over favored wick CE level, hide indicator.
~choose how many consecutive bars back to plot wick CE lines.
~choose how many bars forward to extend the wick CE lines.
Auto Unlimited Fibs 1.0Still in development, this indicator automatically draws unlimited Fibonacci Retracements so you don't have to keep manually drawing them.
Upwards moves are colored green by default and downward moves are colored red by default, idea being an upward move creates a green retracement level that may be an area to buy and vice versa for short moves. The retracements are drawn on every 3-bar swing high/low, this idea was taken from Inner Circle Trader (ICT). If the move then goes on to retrace past the 0.764 fib retracement, the move is mitigated. If a new high or low is put in the fib gets extended. The mitigation levels are customisable.
Also hides moves that are below a minimum size, as I don't like to see fibs of small moves, these are hidden based on a % of price, customisable in the script.
As the fibs get extended/mitigated and hidden you should end up with all the fibs that are still valid for a retracement.
There is a display option to draw shorter lines as things can get pretty messy with lots of fibs on one chart. Also, bigger moves have longer lines and are slightly brighter in color, shorter moves are shorter lines and duller in color.
Finally the user can customise the amount to show in each direction, so if you only want to see long moves set the Total Short Fibs To Show to 0, or choose 1 of each if you only want to see the most recent smallest fib.
Smart Money Essentials [TFO]This indicator utilizes “Smart Money Concepts” like liquidity, order blocks, premium & discount, and more to analyze price action.
What’s included in the initial release:
Market Structure
Liquidity
Displacement
Order Blocks
Premium / Discount
Confluence Table
Alerts
Market structure logic objectively identifies whether the current trend is bullish or bearish, based on swing highs and lows. Liquidity levels offer insight into major pivots where we can assume many traders may place their stop loss, which can also serve as areas where “Smart Money” may be accumulating or distributing positions.
Displacement adds to this by spotting rapid price movement, often accompanied by imbalances where price may come back to before continuing in the direction of the displacement. These can be filtered based on whether the imbalance is accompanied by a Break of Structure (BOS) or Market Structure Shift (MSS), which may give additional insight into the draw on liquidity.
Order blocks (OB’s) are detected and treated as areas that may offer support for price in an uptrend or resistance in a downtrend. Premium and discount zones are essentially fitted by an “auto-fib” retracement that looks at recent liquidity levels, and optionally offers areas to look for an Optimal Trade Entry (OTE) where price retraces between 62-79% of the preceding displacement leg.
The confluence table provides an organized place to visualize and identify where any of the above concepts may be present at or around the same time. We can implement a threshold where, if the number of selected factors meets or exceeds this threshold, we can potentially identify bullish and bearish opportunities where multiple layers of confluence are overlapping.
And of course, alerts are built in for all significant events related to the above concepts, for example: runs on liquidity, BOS and MSS, rejections from OB and OTE, etc.
Smart Money Add-Ons [TFO]Supplementing my “Smart Money Essentials ” indicator, these add-ons provide some more commonly used “Smart Money Concepts,” including SMT Divergence, and HTF POI, and open price lines for added confluence.
Smart Money Technique (SMT) Divergence is meant to annotate divergence between closely correlated assets. Take $ES_F and $NQ_F for example (S&P 500 and Nasdaq 100 futures). These two names normally track each other very closely, but if $ES_F is steadily rising towards a large institutional level and making higher highs, while $NQ_F is approaching a similarly important level and making lower highs on that same timeframe, this would indicate a divergence between the two assets that could foreshadow a “Smart Money Reversal.”
Open price lines can provide intraday levels of interest from important times of day, where the defaults are set to midnight (12:00 AM), 8:30 AM for news releases, and 9:30 AM New York market open (New York local time). The open prices at these times can often act as support and resistance when other confluence factors are present. Higher timeframe points of interest (HTF POI) are also helpful to remain mindful of imbalances and other inefficiencies in which lower timeframe price action may create some reversal structure.
TTrades Scalping Indicator [TFO]Specialized for the scalping strategy of TTrades, this indicator focuses on inducement / stop hunt setups, utilizing additional factors such as volume spikes and trend bias to filter out setups that don’t fit the user-defined criteria.
The idea is that price is always seeking liquidity by reaching for trivial pivots where traders may put their stop loss orders. When price seeks these levels and stops these traders out, we may observe an influx of volume due to the large number of shares/contracts being exchanged given the large number of traders that have similar orders.
If price quickly comes back into the original range, we may determine this to be a stop hunt or a fakeout, only for price to proceed in the opposing direction. If it continues running and creates a displacement leg, we look to capitalize on that movement by tracking the Optimal Trade Entry (62 - 79% retracement), anchored to the swing pivot created as a result of the stop hunt.
Aside from volume, we can also use existing technical indicators like VWAP and SMA’s to ensure we’re only taking trades with the current trend (or against it). Simple criteria like this can help keep us out of low probability market environments.
Weekly Opening Gap (cryptonnnite)In the context of general equities, opening price that is substantially higher or lower than the previous day's closing price, usually because of some extraordinarily positive or negative news. Opening gap using as a potential target which market usually trades to.
SMM - MTF S/D Zones & TrendwatcherHello Traders,
Introducing the SMM - MTF S/D Zones & Trendwatcher, a powerful tool designed to make your trading easier and eliminate guesswork. Our goal is to save you time by automatically marking up the chart with key points of interest.
Our newest tool combines multiple time frames (MTF) to provide a comprehensive view of supply and demand zones, and includes a trendwatcher that tracks the trend of the input timeframes.
The indicator is based on calculations of supply and demand zones, providing valuable insights for traders looking to make informed decisions about buying and selling. With its MTF functionality, the SMM - MTF S/D Zones & Trendwatcher is a valuable tool for any trader looking to stay on top of the market.
Features Version 1.1
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-- MTF S/D Zones
Our indicator includes three adjustable supply and demand zones, which can be set to a desired higher timeframe.
Each zone includes options for:
- Extending the boxes.
- Show the 50% mitigation line.
- Let a zone disappear, change color, or do nothing.
- Option to plot/show the zones on the chart.
-- Trendwatcher
A convenient table that provides a quick overview of the trends of the set supply and demand.
You can configure the Trendwatcher the following ways:
- Option enable/disable the S/D trends to show in the table.
- Trendwatcher location on the chart.
- Trendwatcher size.
DR/IDR of Omega by TRSTNThis is an EXPERIMENTAL Script by @TRSTNGLRD derived from the coding of @IAmMas7er's "DR/IDR" Indicator that adds a total of 11 additional DR / IDR Ranges on both lower and higher timeframes.
This script is no-longer being worked on, so I have made it public.
Background:
This Script utilizes the Fibonacci-Doubling Sequence between the range of 18:30pm and 16:55pm NY-Time. Each Cycle is grouped into the following:
Omega/2, Omega/4, Omega/8, and Omega/16
The Mas7er's three original sessions are: Omega/4v1, Omega/4v2, and Omega/8v1
These three Sessions above take rule over all others. If you are looking to back-test this version of the script, please use the Experimental ranges as confirmation for the three above.
Important Notes:
- Please only select Sessions with their respected groups (All of Omega/4, All of Omega/16, etc...) rather than selecting all of them at once.
If you select all of them at once, the ranges will not be correct and cut each other off.
The only exceptions to this rule are the Mas7er's original ranges above.
- If you wish to have multiple groups of Ranges together, please add a second indicator to your chart.
- Omega/16v1 and Omega/16v6 are known to have a high-probability of a Judas Swing (takes out both sides of the range) - Be Cautious!
- Omega/2v1 is a very large DR / IDR range. I am working on shrinking it in size, but have more experimenting to do with different ranges.
- I do not use the experimental ranges with the IDR , only the DR . I have not been able to define probabilities fully yet, but the levels are respected nonetheless.
This script is not supposed to work EXACTLY like the Mas7er's, rather, generally instead.
Please comment and leave your opinion below about which ranges work the best and how you may utilize them.
Thank you!
Average Range @coldbrewroshTaking the average daily range from low to high or high to low isn't the "best" way to get an idea of how much to set targets. So, I made this indicator to make the system better.
This indicator calculates the daily range from Open to High on Bullish Days & Open to Low on Bearish Days .
Nobody can catch the absolute low of the day on bullish days and get out at the high but one can enter at a reasonable price around the open ( 17:00 EST ) .
To complement the Average Range, another table shows the movement in the opposite direction.
For Instance: On Bullish Days how much it moved from Open to Low so that we have an idea of where to put the stop loss and vice versa. The time ranges calculated are the last 5 days, last 1 month, last 3 months & last 1 year.
Note #1: Even though the date range is predefined, it has a different meaning. For Instance: date range of last 5 days means "calculation of the range of last 5 bullish daily candles & not last 5 days" .
Note #2: Exclusive to Forex at the time of posting this.
Imbalance Detector [LuxAlgo]This indicator detects and highlights market imbalances alongside a dashboard returning information about their frequency of occurrence and their fill percentage. Imbalances included in this script are Fair Value Gaps (FVG), Opening Gaps (OG) and Volume Imbalances (VI).
Alerts are available for the occurrences of all market imbalances.
Settings
Imbalances
Each imbalance has the same settings layout:
Imbalance: Enable/disable the detection of the specific imbalance.
Min Width: If enabled, requires the imbalance area width to be greater than the specified value. This minimum width can be expressed in points, percentages or ATR multiples.
Extend: Extend imbalances by a specified number of bars.
Dashboard
Show Dashboard: Enable/disable the dashboard on the chart.
Dashboard Location: Location of the dashboard on the chart.
Dashboard Size: Size of the dashboard.
Usage
Market imbalances are part of the many concepts available to price action traders and highlight areas where there is a disparity between supply and demand.
It is common to see price come back to these areas and traders often use them as supports and resistances but also as targets.
Details
The script can detect three distinct types of imbalances described below.
Fair Value Gaps
Fair Value Gaps (FVG) are three candle formations characterized by a gap between the wicks of the non-adjacent candles in the formation.
A bullish FVG is characterized by a gap between the current price low and the 2 bars anterior price high, and a bearish FVG is characterized by a gap between the current price high and the 2 bars anterior price low.
Opening Gaps
Opening Gaps (OG) are imbalances characterized by non-existent activity within a specific price range.
A bullish OG occurs when the current price low is greater than the previous high, a bearish OG occurs when price high is lower than the previous price low.
Opening Gaps primarily occur in closing markets, as such they are less common in the cryptocurrency market.
Most of the time an Opening Gap will also be accompanied by a Fair Value Gap, in order to avoid clutter the indicator will not detect Fair Value Gaps if Opening Gaps are enabled and if an Opening Gap has been detected
Volume Imbalances
Volume Imbalances (VI) are characterized by a price discontinuity between the opening price and previous close, but unlike Opening Gaps we do not see nonexistent activity within a certain price range.
A bullish VI occur when both the opening and closing prices are superior to the previous closing price, with the current price low overlapping the previous price high. A bearish VI occur when both the opening and closing prices are inferior to the previous closing price, with the current price high overlapping the previous price low.
Because Volume Imbalances can occur excessively on markets with frequent gaps, we make use of an additional condition for filtering out less significant imbalances. Bullish VI's will require the previous price high to be lower than the opening price, while bullish VI's will require the previous price low to be higher than the opening price.
Average Daily Range Expansion Remaindeer for DaytradingThis indicator shows how much will the price need to go to fill its Average Daily Range based on the last 5 days (before today).
5-day ADR is used in concepts by ICT, Poltoratskiy and number of others.
Generally speaking, we would like to enter when there is a lot of room for price movement.
Outer lines are a full expansion. If the price moves only upside from the opening bell, it will reach as far.
Inner lines are a remaining expansion required to hit ADR. If the price initially moves in one direction and then reverses, this drip is substracted. This is more important metric!
Daily Manual KILLZONESThis indicator is to be used with "KILLSTATS", our indicator allowing to backtest on hundreds of days at which time, and which day the top/low of the day and week is formed.
"Manual Killzone" allows to define our statistical killzones by day of the week manually: you define your own rules according to your interpretation of our Killstats indicator.
It integrates a daily price action filter according to the ICT concept:
It will only display bullish probabilities (green) defined if and only if we are in discount and out of the daily range 25/75%.
Same for bearish probabilities (red)
The blue color is to be applied in case of reversal with high contradictory probability (Example: to be used for Tuesday from 2pm to 3pm, if Tuesday is a day with high probability to form a top, but 2pm/15pm is the time with high probability to form a bottom AND a top. Indecision => blue)
WARNING : Calculated according to Etc/UTC time : put "0" in the Timezone parameter of killstats.
It is necessary to use the replay mode regularly during the backtesting to update the data!
DR (M5)The base of this indicator marks what is called "The Defining Range"("DR"). This defining range is from 09:30am until 10:30am New York local time, it takes those 12 candles in the 5 min chart. The script will mark the high and low of this range including wicks. At 10:30am this will give you a good idea on what the high/low of the day will be.
There is also the "Implied Defining Range"("iDR") lines inside the "DR" range, which mark the highest body and the lowest body in the "DR" range.
Rules:
Timeframe: M5
At 10:30am you still don't know which one will be the real high or low of the day, but only one will be true.
If price closes above the "DR" it should give you good probability that the low of the "DR" is the low of the day and vice versa - if price closes below the "DR" it should give you good probability that the high of the "DR" is the high of the day.
"iDR" Gives you an early indication of what high/low of the day will be. If price closes above "iDR" you will have an early indication that the low of the "DR" should be the low of the day and vice versa.
Note that price HAS to close outside of this range.
You can use any entry model you prefer to trade, but the best option is "ICT"/"SMC".
ALL CREDIT TO THE MAS7ER.
SFC Smart Money Manipulation - Time, Advanced Market StructureThis indicator shows the market structure in more advanced way and different time cycles.
Markets moves in cycles and swings. The indicator will help to determine these cycles and swings by time and price. These are the two columns of the market understanding. The third one is volume/ momentum, but it will not be discussed here.
Advanced Market Structure
According to ICT and Larry Williams Market Structure is not only Highs and Lows.
They present more advanced understanding of the MS:
-Short Term Highs/ Lows
-Intermediate Term Highs/ Lows
-Long Term Highs/ Lows
Rules of how to determine the Swing Points according to Larry Williams:
"A market has made a short-term low when we have a day (or bar if you are using different time periods) that has a higher low on both sides. By the same token a short-term high will be a day (or bar) that has lower bars on both sides of it."
"A short-term high with lower short-term highs on both sides is an intermediate- term high. By the same token, a short-term low with higher short-term lows on both sides is an intermediate-term low."
"An intermediate-term high with lower intermediate-term highs on both sides of it is just naturally a long-term high by our definition, thanks to understanding market structure.
An intermediate-term low with higher intermediate-term lows on both sides of it is just naturally a long-term low by our definition, thanks to understanding market structure."
If the Highs and Lows are labeled properly there is high probability to predict the next High or Low. In this way the trader will know how the current trend is changing and what kind of retracement is coming - deep or shallow.
Timing
Market moves in time cycles.
There is a theory that the swings are equal by time and length. This is not always the case, but very very often.
Indicator time features:
- Swing Trading days - how many time market needed to form a swing. Only Long term(main) Swings are measured. This will help trader to label T-formations.
" T Formations is cyclically related for formations that can be drawn to project the time frame of likely turning points. Basically T-formations are based on the concept that the time distance between the starting low/high of the cyclical wave and its peak is likely to be subsequently repeated between that peak and the final low/high of that cycle."
- Seasonality - theoretically an asset should go up or down in particular yearly quarter. Practically the direction not always match to quarters. Thats why the indicator shows the theoretical seasonal direction and historical real direction.
Seasonal direction is automatically displayed or XAUUSD, XAGUSD, EURUSD, AUDUSD, GBPUSD. There is a ways to set the seasonality manually.
- Earnings Season - This time is very important for Stocks and Indices. Most of the time the assets are in bullish trend during the Earnings Seasons.
- Monthly separator - Shows the monthly time cycle
- Gold bullish months - There are studies on Gold market. They shows that Gold is very bullish in particular months. These are displayed.
The indicator works only on Daily Time Frame.
TheMas7er scalp (US equity) 5min [promuckaj]This indicator was created according to TheMas7er's trading setup, that he reveal after 18 years of working in the industry. Claims is that this setup should give you good probability to predict the price movement for US equity.
This trading setup is only for New York equity trading session from 09:30 until 4pm. The market in which you should use it are the S&P 500 , Dow Jones, and Nasdaq. Perhaps it will work on some other but for those are good according to tests. It should not used on days with high-impact news, like CPI , FOMC, NFP and so on. The model can still work there but the probability on these days is way lower.
What is the base of this indicator, it marks what is called "The Defining Range"("DR"). This defining range is from 09:30am until 10:30am New York local time, it takes those 12 candles in the 5min chart. Indicator will mark the high and low of this range, including wicks. This will help you to already know at 10:30am, with possible good probability the high or low of the day.
There is also the "Implied Defining Range"("iDR") lines inside the "DR" range, which mark the highest body and the lowest body in the "DR" range.
*The rules (it is very simple to follow):
Chart must be set in 5min timeframe.
At 10:30am you still don't know which one will be the real high or low of the day, but only one will be true.
If price is closing on 5min chart above the "DR" it should give you good probability that the low of the "DR" is the low of the day, and vice versa - if price is closing below the "DR" it should give you good probability that the high of the "DR" is the high of the day.
"iDR" gives you an early indication about what high or low of the day should be. If price is closing above "iDR" you will have an early indication that the low of the "DR" should be the low of the day, and vice versa.
Note that about closing means really closing above or below, not just wicks.
Now, after this you can realize the magnitude of possibility.
You can use any entry model you prefer to trade, it doesn't matter if you use ICT concepts, smart money concepts, volume profile , eliot waves, braking the structure concept or whatever. There are so many possibilities for trading within this rule.
Enjoy!
Liquidity Levels MTF - SonarlabThis indicator uses Pivot Points to identify Liquidity Levels in the market. Liquidity Levels are levels in the market where you would expect price to be pulled towards.
Liquidity Levels by Sonarlab also has an option to show Higher Timeframe Liquidity Levels.
Below are the indicators settings:
Liquidity Mitigation Options
The Indicator has options for you to choose what happens to the Liquidity line/boxes once it has been mitigated. Either Keep them on the chart, or remove them.
Display Styles
Choose how the levels are displayed, either with Lines or Boxes.
Set the your Extension options, by keeping the lines/boxes "short" or extend to current price, or maximum to the right
Colors and Styles
Set colors and styles for all lines and boxes
SFC Smart Money Manipulation - Liquidity, StructureThis indicator shows very important information about the market.
Features:
- Market structure
- Important Ranges
- Liquidity
- Trading session
- Daily Checklist
Market structure
Market structure is the behaviour, condition, and current flow of the market. It highlights support and resistance levels, swing highs, and swing lows. A trend is simply a consistent direction of price movement over time. Market structure can tell you if the market is trending or not.
Market structure is a lagging indicator, because Highs and Lows must to be created in order to define the structure properly. The structure provide the most important information about the market.
Market structure can provide early signals about the trend.
- If the structure continues to break in the same direction, it means that the trend is healthy and will continue (BoS).
- If the structure break in the opposite direction, means that the trend may reverse or pause for a while (CHoCH).
Important ranges
- Asia Range - it is important intraday range and can provide early information if the day will be bullish or bearish.
- Most recent High/Low - determine the last swing
- Premium/ Discount zone with Fibonacci levels - the institutions always want to buy in discount and sell in premium.
Liquidity
Areas where a lot of traders get into the market and theirs stop losses are obvious. So the banks will manipulate the price to clear these stop losses, before price go in real direction. The banks will always hunt the liquidity.
The major liquidity is:
- Doji candle - displayed
- Double/Triple Highs or Lows - displayed
- Fair value gaps - displayed
- Imbalances - displayed
- Trend lines
- Big wicks
Trading Sessions
Price and Time theory is very significant in Smart Money Concept. The banks do not just place orders chaotically. They place it in specific time.
The indicator shows the Asia, London and New York intraday sessions and the kill zones.
Kill Zone - most manipulated time in the day, where institutions try to wipe out the retail traders and establish the true move.
Daily Checklist
Simple, but very useful checklist. It shows the most important daily steps in order qualitative analysis to be created.
How to use
1) Use the swing highs and lows and check the current structure.
2) Look where is the major liquidity. By default orange colour. When liquidity is retested from the price ,it change the colour from orange to gray. Retested liquidity is no more significant for the banks.
3) Use the important ranges to define the pullbacks or reversals or trading ranges.
4) Use the trading sessions and kill zones to place orders in the right time.
5) Use the "daily checklist" every day - step by step. It helps trader to analyse the current market.
Settings
-Show pivots, Pivot confirmation candles, Equal Highs/Lows sensitivity
-Show structures breaks
-Show most recent high/low
-Show Asia range
-Show premium/discount zone with Fibonacci levels
-Show liquidity, Colour of liquidity, Color of retested liquidity, Doji settings
-Show Trading sessions
-Show daily checklist
