Temporary imbalances 2.0 This indicator attempts to calculate potential points of imbalance and equilibrium based on VWAPs and modified moving averages. The idea is to determine if there has been a change in volume and perform the calculation from that point It uses the standard deviation to determine the significant imbalance threshold. Candles with bullish imbalances are highlighted in green, while candles with bearish imbalances are highlighted in red.
"It also features a set of VWAPs and modified moving averages that you can enable or disable."
When you activate the 'Show Anchor VWAP' option, it will add five modified VWAPs.
Practical Significance:
The Anchored VWAP is a volume-weighted average price that serves as a dynamic reference to assess the average price during specific moments of market imbalance.
During a bullish imbalance, the anchor_vwap reflects the VWAP at that moment, emphasizing price behavior during that specific period.
Similarly, in a bearish imbalance, the anchor_vwap provides the associated VWAP for that condition, highlighting price movements during the imbalance phase.
How to Use:
The anchor_vwap can be employed to contextualize the volume-weighted average price during critical moments associated with significant changes in market imbalance.
By analyzing price behavior during and after periods of imbalance, the Anchored VWAP can help better understand market dynamics and identify potential areas of support or resistance.
Show VWAP Percent Imbalance"
Definition: Represents the Volume Weighted Average Price (VWAP) adjusted by the volume-weighted average of the price multiplied by volume, with a focus on conditions where the percentage volume variation surpasses a predefined threshold.
Calculation: Utilizes the simple moving average weighted of the product of the volume-weighted average price and volume only when the percentage volume variation exceeds a specific threshold.
Interpretation: Provides insight into the volume-weighted price trend during conditions where the percentage volume variation exceeds a predefined limit.
The "showDeltaVWAP" is a toggleable setting that you can turn on or off. When activated, it displays special lines on the chart. Let's understand what these lines represent:
Delta Anchor VWAP:
A green line (Delta Anchor VWAP) represents a measure of market volume imbalance.
Delta2 Anchor VWAP:
A red line (Delta2 Anchor VWAP) shows another perspective of volume imbalance.
VWAP Delta Volume:
A light blue line (VWAP Delta Volume) displays a volume-weighted average of price.
VWAP Delta Volume2:
An orange line (VWAP Delta Volume2) shows another view of the volume-weighted average of price.
Delta3 Anchor VWAP:
A light blue line (Delta3 Anchor VWAP) represents a combination of the previous measures.
Delta4 Anchor VWAP:
A purple line (Delta4 Anchor VWAP) is another combination, providing an overall view.
These lines are based on different conditions and calculations related to trading volume. When you activate "showDeltaVWAP," these lines appear on the chart, aiding in better understanding market behavior.
"Show Faster Volatility" is an option that you can enable or disable. When activated (set to true), it displays special lines on the chart called "Faster Volatility VWAP," "Faster Volatility VWAP2," and "Faster Volatility VWAP3." Let's understand what these lines represent:
Faster Volatility VWAP:
A purple line (Faster Volatility VWAP) is a Volume Weighted Average Price (VWAP) that is calculated more quickly based on short-term price reversal patterns.
Faster Volatility VWAP2:
A light gray line (Faster Volatility VWAP2) is another Volume Weighted Average Price (VWAP) that is calculated even more quickly based on even shorter-term price reversal patterns.
Faster Volatility VWAP3:
A purple line (Faster Volatility VWAP3) is another Volume Weighted Average Price (VWAP) calculated rapidly based on even shorter-term price reversal patterns.
These lines are designed to indicate moments of possible exhaustion of volatility in the market, suggesting that there may be a subsequent increase in volatility. When you activate "Show Faster Volatility," these lines are displayed on the chart.
"Show Average VWAPs Imbalance" displays weighted averages of different Volume Weighted Average Prices (VWAPs) in relation to specific market conditions. Here's an explanation of each component:
Standard VWAP:
The blue line represents the standard VWAP, a volume-weighted average of asset prices over a specific period.
VWAP with Added Imbalance (avg_vwap2):
The pink line is a weighted average that adds an imbalance value to the standard VWAP. This component highlights periods of market imbalance.
VWAP with Balance (avg_vwap3):
The lilac line is a weighted average that adds balance based on the imbalance between uptrend and downtrend, reflecting changes in volume. This provides insights into supply and demand dynamics.
Overall Average of VWAPs (avg_vwaptl):
The violet line is a weighted average that incorporates both standard and adjusted VWAPs, offering an overview of market behavior under different considered conditions.
Visual Customization (Show Average VWAPs Imbalance):
Users have the option to show or hide these average lines on the chart, allowing for a clear visualization of market trends.
"Show Min Variation VWAP" is associated with the calculation and display of a smoothed version of the Volume Weighted Average Price (VWAP), taking into account the minimum price variation over a specific period.
"How Imbalance Anchor VWAP Calculated as the smoothed relationship between liquidity difference and maximum VWAP equilibrium" is associated with the calculation and display of a smoothed version of the Imbalance Anchor VWAP. Here is a detailed explanation:
Calculations and Smoothing:
The variable "smoothed_difference" represents the exponential moving average (EMA) of the difference between two variables related to liquidity.
"smoothed_difference2" is the division of "smoothed_difference" by the maximum variation of the VWAP Equilibrium.
"smoothed_difference3" involves additional manipulation of "smoothed_difference" and "vwap_delta3."
"smoothed_difference4" incorporates the previous results, adjusted by the value of the VWAP.
Visual Customization:
The user has the option to enable or disable the display on the chart.
The line is colored in a shade of green.
It provides a smoothed representation of the Imbalance Anchor VWAP.
The line is colored in a shade of blue, and the calculation involves the summation of moving averages (20, 50, 200). Afterward, there is division by 3. Additionally, there is the summation of moving averages (766, 866, 966), divided by 3. The final step is to add these results together and divide by 2. media name is Imbalance Value2
Show VWAP Equilibrium (Max Variation) Calculated as the difference between two VWAPs derived from the highest and lowest price changes
Show Equilibrium VWAP Calculated as the sum of VWAP and (sma200 - sma20)
calculate the difference between the media of 200 to 20
Show Equilibrium VWAP Calculated as the sum of VWAP and (766+866+966)/3 - (sma200 - sma20)
Show Equilibrium VWAP Standard Deviation Calculated as the Exponential Moving Average (EMA) of the Standard Deviation of SMA (sma200 + sma20 + sma8)/3
Show Equilibrium VWAP Delta Calculated as the ratio of the smoothed VWAP Delta Result componentes
Show Standard Deviation Equilibrium VWAP Delta: Calculated as the Standard Deviation between the Average of VWAP Delta Result Components and Their Smoothed Versions
This average attempts to calculate the equilibrium."
vwap_equilibrium:
Definition: Represents the Volume Weighted Average Price (VWAP) adjusted by the volume-weighted average of the price (hl2) multiplied by volume, focusing on periods of volume equilibrium.
Calculation: Utilizes the simple moving average weighted (sma) of the product of the volume-weighted average price and volume only when there is no volume imbalance.
Interpretation: This indicator provides a view of the volume-weighted price trend during moments when the market is in equilibrium, meaning there is no noticeable imbalance in volume conditions. The calculation of VWAP is adjusted to reflect market characteristics during periods of stability.
vwap_percent_condition:
Definition: Represents the Volume Weighted Average Price (VWAP) adjusted by the volume-weighted average of the price multiplied by volume, with a focus on conditions where the percentage volume variation surpasses a predefined threshold.
Calculation: Utilizes the simple moving average weighted of the product of the volume-weighted average price and volume only when the percentage volume variation exceeds a specific threshold.
Interpretation: Provides insight into the volume-weighted price trend during conditions where the percentage volume variation exceeds a predefined limit.
The objective of these two VWAPs is to calculate possible equilibrium points between buyers and sellers.
The indicator works for all timeframes This indicator can be adjusted according to the preferences and characteristics of the specific asset or market. It provides clear visual information and can be used as a complementary tool for technical analysis in trading strategies.
Interesting
Interesting
lookback period 7 , 12, 20,70,200, 500,766,866,966
imbalance threshold 2.4, 3.3 ,4.2
The objective of this indicator is to identify and highlight various points of imbalance and equilibrium.
Cari dalam skrip untuk "imbalance"
Engulfing and ATR-Imbalance [odnac]This Pine Script indicator combines two powerful concepts—Engulfing Candlestick Patterns and ATR Imbalance—to identify potential market reversal points with increased precision.
Engulfing Candlestick Patterns:
Bullish Engulfing: Identified when a candle closes higher than it opens, and it completely engulfs the previous candle (previous close is lower than the current open, and previous high is lower than the current close).
Bearish Engulfing: Identified when a candle closes lower than it opens, and it completely engulfs the previous candle (previous close is higher than the current open, and previous low is higher than the current close).
Bar Coloring: These patterns are highlighted with a customizable color (light gray by default) to make them easily identifiable.
ATR-Based Imbalance:
The Average True Range (ATR) is used to measure market volatility, and this script checks if the current candle’s range (difference between high and low) exceeds a defined multiple of the ATR, indicating a possible imbalance.
Imbalance Detection: If the current candle’s range is greater than ATR * imbalance multiplier (default multiplier: 1.5), it is marked as an ATR imbalance.
Bar Coloring: Candles with a significant imbalance (greater range than the ATR-based threshold) are highlighted in yellow, indicating an outlier or extreme price movement.
Engulfing + ATR Imbalance:
When both a Bullish Engulfing pattern and an ATR Imbalance are detected, a green triangle up is plotted below the bar, signaling a potential bullish reversal.
Conversely, when both a Bearish Engulfing pattern and an ATR Imbalance occur, a red triangle down is plotted above the bar, signaling a potential bearish reversal.
User Inputs:
Engulfing Plot: Enable or disable the plotting of Engulfing Candles.
ATR Length: Set the period used to calculate the ATR (default is 5).
Imbalance Multiplier: Adjust the multiplier to define the threshold for ATR imbalance detection (default is 1.5).
Bar Colors: Customizable color for both Engulfing candles and Imbalance candles.
Engulfing & Imbalance Plot: Enable or disable plotting of the combined conditions (Engulfing + ATR Imbalance) with arrows.
How This Indicator Helps:
By combining price action patterns with volatility analysis, this indicator highlights high-probability reversal points where significant price movement (imbalance) coincides with a clear Engulfing pattern. Traders can use these signals to time entries or exits based on both price action and market volatility.
Implied Orderblock Breaker (Zeiierman)█ Overview
The Implied Order Block Breaker (Zeiierman) is a tool designed to identify enhanced order blocks with imbalances. These enhanced order blocks represent areas where there is a rapid price movement. Essentially, this indicator uses order blocks and suggests that a swift price movement away from these levels, breaking the current market structure, could indicate an area that the market has not correctly valued. This technique offers traders a unique method to identify potential market inefficiencies and imbalances, serving as a guide for potential price revisits.
The indicator doesn't scan for imbalances in the traditional sense — where there's an absence of trades between two price levels — but instead, it identifies quick movements away from key levels that suggest where an imbalance might exist. Relying on crossovers and cross-unders in conjunction with pivot points and examining the high/low within the same period provides an innovative method for traders to spot these potentially undervalued or overvalued areas in the market. These inferred imbalances can be crucial for traders looking for price levels where the market might make significant moves.
█ How It Works
Bullish
Crossover: The closing price of a bar crosses above a pivot high, which is an indication that buyers are in control and pushing the price upwards.
New Low Within Period: There is a lower low within the same period as the pivot high. This suggests that after setting a high, the market pulled back to set a new low, potentially leaving a price gap on the way up as the price quickly recovers.
Bearish
Crossunder: The closing price of a bar crosses under a pivot low, indicating that sellers are taking control and driving the price down.
New High Within Period: There is a higher high within the same period as the pivot low. This condition suggests that the market rallied to a new high before falling back below the pivot low, potentially leaving a gap on the way down.
█ How to Use
The enhanced order blocks are often revisited, and the price may aim to 'fill' the potential imbalance created by the rapid price movement, thereby presenting traders with potential entry or exit points. This approach aligns with the idea that imbalances are frequently revisited by the market, and when combined with the context of Order Blocks, it provides even more confluence.
Example
Here, if the price drops rapidly after setting a new high—crossing under the pivot low—it may skip over certain price levels, creating a 'gap' that signifies an area where the price might have been overvalued (imbalance), which the market may revisit for a potential price correction or revaluation.
█ Settings
Period: Determines the number of bars used for identifying pivot highs and lows. A higher value gives more significant but less frequent signals, while a lower value increases sensitivity but might give more false positives.
Pivot Surrounding: Specifies the number of candles to analyze around a pivot point. Increasing this value broadens the analysis range, potentially capturing more setups but possibly including less significant ones.
-----------------
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!
Magic VIBIntroducing the "Magic Vib Indicator" – a powerful tool designed to identify and highlight unique market scenarios known as "magic volume imbalances." This indicator is specifically crafted to recognize specific candlestick patterns that have demonstrated a significant impact on price movements.
The Magic Vib Indicator is meticulously engineered to detect a particular pattern, which occurs when the high of the first candle aligns perfectly with the open of the subsequent candle, while simultaneously witnessing the close of the first candle matching the low of the second candle. These precise conditions generate what is commonly referred to as a "magic vib."
This indicator has been developed with the sole purpose of capturing these magical moments in the market. By systematically scanning and analyzing price data, it spots instances where these extraordinary price imbalances occur. Once identified, the indicator promptly marks these candles on your trading platform, providing clear visual cues for enhanced decision-making.
The Magic Vib Indicator acts as a catalyst for traders and investors, as it has proven to be a reliable precursor to significant price reactions. These marked candles act as potent signals, suggesting an impending shift in market sentiment and a high probability of substantial price movement. The resulting price action often sees significant volatility, making it an enticing opportunity for those seeking substantial gains.
However, it's important to note that while the Magic Vib Indicator offers valuable guidance, it should not be the sole basis for trading decisions. It is crucial to incorporate other technical and fundamental analysis tools, risk management strategies, and market awareness to achieve consistent success.
In summary, the Magic Vib Indicator represents a breakthrough in technical analysis, specifically tailored to identify and mark candles exhibiting the remarkable characteristics of a "magic volume imbalance." By harnessing the power of this indicator, traders can anticipate substantial price reactions, allowing them to seize opportunities and maximize their trading outcomes.
Smarter Money Concepts - FVGs [PhenLabs]📊 Smarter Money Concepts - FVGs
Version: PineScript™ v6
📌 Description
Smarter Money Concepts - FVGs is a sophisticated indicator designed to identify and track Fair Value Gaps (FVGs) in price action. These gaps represent market inefficiencies where price moves quickly, creating imbalances that often attract subsequent price action for mitigation. By highlighting these key areas, traders can identify potential zones for reversals, continuations, and price targets.
The indicator employs volume filtering ideology to highlight only the most significant FVGs, reducing noise and focusing on gaps formed during periods of higher relative volume. This combination of price structure analysis and volume confirmation provides traders with high-probability areas of interest that institutional smart money may target during future price movements.
🚀 Points of Innovation
Volume-Filtered Gap Detection : Eliminates low-significance FVGs by requiring a minimum volume threshold, focusing only on gaps formed with institutional participation
Equilibrium Line Visualization : Displays the midpoint of each gap as a potential precision target for trades
Automated Gap Mitigation Tracking : Monitors when price revisits and mitigates gaps, automatically managing visual elements
Time-Based Gap Management : Intelligently filters gaps based on a configurable timeframe, maintaining chart clarity
Dual Direction Analysis : Simultaneously tracks both bullish and bearish gaps, providing a complete market structure view
Memory-Optimized Design : Implements efficient memory management for smooth chart performance even with numerous FVGs
🔧 Core Components
Fair Value Gap Detection : Identifies price inefficiencies where the current candle’s low is higher than the previous candle’s high (bearish FVG) or where the current candle’s high is lower than the previous candle’s low (bullish FVG).
Volume Filtering Mechanism : Calculates relative volume compared to a moving average to qualify only gaps formed during significant market activity.
Mitigation Tracking : Continuously monitors price action to detect when gaps get filled, with options to either hide or maintain visual representation of mitigated gaps.
🔥 Key Features
Customizable Gap Display : Toggle visibility of bullish and bearish gaps independently to focus on your preferred market direction
Volume Threshold Control : Adjust the minimum volume ratio required for gap qualification, allowing fine-tuning between sensitivity and significance
Flexible Mitigation Methods : Choose between “Wick” or “Close” methods for determining when a gap has been mitigated, adapting to different trading styles
Visual Customization : Full control over colors, transparency, and style of gap boxes and equilibrium lines
🎨 Visualization
Gap Boxes : Rectangular highlights showing the exact price range of each Fair Value Gap. Bullish gaps indicate potential upward price targets, while bearish gaps show potential downward targets.
Equilibrium Lines : Dotted lines running through the center of each gap, representing the mathematical midpoint that often serves as a precision target for price movement.
📖 Usage Guidelines
General Settings
Days to Analyze : Default: 15, Range: 1-100. Controls how many days of historical gaps to display, balancing between comprehensive analysis and chart clarity
Visual Settings
Bull Color : Default:(#596fd33f). Color for bullish Fair Value Gaps, typically using high transparency for clear chart visibility
Bear Color : Default:(#d3454575). Color for bearish Fair Value Gaps, typically using high transparency for clear chart visibility
Equilibrium Line : Default: Enabled. Toggles visibility of the center equilibrium line for each FVG
Eq. Line Color : Default: Black with 99% transparency. Sets the color of equilibrium lines, usually kept subtle to avoid chart clutter
Eq. Line Style : Default: Dotted, Options: Dotted, Solid, Dashed. Determines the line style for equilibrium lines
Mitigation Settings
Mitigation Method : Default: Wick, Options: Wick, Close. Determines how gap mitigation is calculated - “Wick” uses high/low values while “Close” uses open/close values for more conservative mitigation criteria
Hide Mitigated : Default: Enabled. When enabled, gaps become transparent once mitigated, reducing visual clutter while maintaining historical context
Volume Filter
Volume Filter : Default: Enabled. When enabled, only shows gaps formed with significant volume relative to recent average
Min Ratio : Default: 1.5, Range: 0.1-10.0. Minimum volume ratio compared to average required to display an FVG; higher values filter out more gaps
Periods : Default: 15, Range: 5-50. Number of periods used to calculate the average volume baseline
✅ Best Use Cases
Identifying potential reversal zones where price may react after extended moves
Finding precise targets for take-profit placement in trend-following strategies
Detecting institutional interest areas for potential breakout or breakdown confirmations
Plotting significant support and resistance zones based on structural imbalances
Developing fade strategies at key market structure points
Confirming trade entries when price approaches significant unfilled gaps
⚠️ Limitations
Works best on higher timeframes where gaps reflect more significant market inefficiencies
Very choppy or ranging markets may produce small gaps with limited predictive value
Volume filtering depends on accurate volume data, which may be less reliable for some symbols
Performance may be affected when displaying a very large number of historical gaps
Some gaps may never be fully mitigated, particularly in strongly trending markets
💡 What Makes This Unique
Volume Intelligence : Unlike basic FVG indicators, this script incorporates volume analysis to identify the most significant structural imbalances, focusing on quality over quantity.
Visual Clarity Management : Automatic handling of mitigated gaps and memory management ensures your chart remains clean and informative even over extended analysis periods.
Dual-Direction Comprehensive Analysis : Simultaneously tracks both bullish and bearish gaps, providing a complete market structure picture rather than forcing a directional bias.
🔬 How It Works
1. Gap Detection Process :
The indicator examines each candle in relation to previous candles, identifying when a gap forms between the low of candle and high of candle (bearish FVG) or between the high of candle and low of candle (bullish FVG). This specific candle relationship identifies true structural imbalances.
2. Volume Qualification :
For each potential gap, the algorithm calculates the relative volume compared to the configured period average. Only gaps formed with volume exceeding the minimum ratio threshold are displayed, ensuring focus on institutionally significant imbalances.
3. Equilibrium Calculation :
For each qualified gap, the script calculates the precise mathematical midpoint, which becomes the equilibrium line - a key target that price often gravitates toward during mitigation attempts.
4. Mitigation Tracking :
The indicator continuously monitors price action against existing gaps, determining mitigation based on the selected method (wick or close). When price reaches the equilibrium point, the gap is considered mitigated and can be visually updated accordingly.
💡 Note:
Fair Value Gaps represent market inefficiencies that often, but not always, get filled. Use this indicator as part of a complete trading strategy rather than as a standalone system. The most valuable signals typically come from combining FVG analysis with other confirmatory indicators and overall market context. For optimal results, start with the default settings and gradually adjust parameters to match your specific trading timeframe and style.
ICT Opening Gaps [MK]
The indicator plots levels which can act as magnets to price. The levels are gap areas which are used within the ICT (The Inner Circle Trader) trading system.
The indicator plots 5 areas of interest:
1: Daily Volume Imbalances - Referencing the Daily chart, boxes are calculated from close to open between all candles. Candles which have only 'wicks' between the close and open prices are considered 'volume imbalances. The boxes can then be shown on LTFs to aid in decision making for intraday traders. Imbalances can be limited to a maximum amount shown and mitigated imbalances can be removed from the chart. All colors can be customised.
Volume Imbalance example:
2: NWOG - New Week Opening Gap - Plotted from Friday Close at 1659 to Sunday Opening at 1800 (EST). The current NWOG can be displayed on its own, or previous weeks can also be shown (ICT recommends the previous 4 weeks also). Boxes are plotted with a midline and all colors can be customised.
New Week Opening Gaps example:
3. NDOG - New Day Opening Gaps - Plotted from day close at 1659 (EST) to restart at 1800 (EST). All colors can be customised. These gaps can be very small so line widths of 3+ are recommended if the lines are to be seen on HTFs
New Day Opening Gap example:
4. New Opening Gap - Plotted from close at 1659 to Session open at 0930 (EST). These areas can possibly be closed/filled after opening at some time. The indicator will draw box to the right of price which shows if the Opening Gap is UP or DOWN. The box will change color to show up or down, or text alone can be used instead of the box. All colors can be customised.
New Opening Gap Box example:
5. 0930 Opening Line - Draws a horizontal line from the opening price at 0930 (EST) to the last bar on the chart. This is the level used to calculate the New Opening Gap. All colors can be customised.
0930 Opening Line example:
Aggressor Volume ImbalanceAggressor volume imbalance represents the ratio between market aggressor buy volume (market buy orders) and market aggressor sell volume (market sell orders). This ratio enables traders to evaluate the interest of market aggressors and whether aggressive market activity favours the price's direction.
Analysing aggressor volume is critical in understanding market sentiment and aids in identifying shifts in momentum and potential exhaustion points in the market. When the aggressor buy volume significantly exceeds the sell volume, it typically indicates strong buying interest, driving prices higher if the offer-side liquidity cannot contain it, and vice versa.
How it Works
The imbalance ratio is calculated as follows, according to the selected session timeframe (see settings):
imbalance := ((buyVolumeAccumulator - sellVolumeAccumulator)
/ (buyVolumeAccumulator + sellVolumeAccumulator)) * 100
Aggressive Volume Imbalance uses lower timeframe historical data to calculate Historical Aggressor Volume Imbalances, while live data is used for live aggressor volume imbalances.
How to Use It
You can set the indicator to use any historical data timeframe you prefer. However, it is highly recommended to use lower timeframes (e.g., 1 second), as the lower the timeframe, the more granular the data.
The indicator resets to 0% whenever a new session timeframe begins (e.g., a new day) and calculates new values for the rest of the session. This can be configured in the settings.
Liquidity Hunter - FattyTradesThis indicator is used to automatically identify and plot two forms of liquidity that will be targeted by market makers.
The first form of liquidity is based on multi-time fame highs and lows. It plots 1H, 4H, D, W, & M liquidity on an intraday chart to make it easier to identify. I believe hat liquidity is what drives the market and the most common form of this liquidity can be identified through higher time frame highs and lows. You can use whatever method you prefer to determine which liquidity pool will be targeted. When the liquidity is purged, it will be shown as dotted lines. This should not be used as traditional support/resistance, but rather as targets for the market.
The second form of liquidity is in the form of imbalances or fair value gaps. You can select a higher time frame to be plotted along with the current time frame you're viewing to identify imbalances that will likely be targeted intraday. We know that higher time frame fair value gaps work equally well as targets for market makers. When a higher time frame FVG is broken into, it can also act as a very powerful form of support and resistance. By default, when a fair value gap has been mitigated it will be removed from the chart, however this can be disabled.
Between these two forms of market maker liquidity targets on the chart, it will be easier to formulate a thesis intraday to determine where the market will move. It can help minimize the amount of switching between higher time frames that needs to be done, allowing you to identify targets while trading on your favorite intraday time frame for optimal risk/reward.
In the near future, I will build in alerting mechanism to alert when liquidity on higher time frames as been purged/mitigated.
Temporary imbalancesThis indicator is designed to identify imbalances in order flow and market liquidity, It highlights candles with significant imbalances and draws reference lines
The indicator calculates imbalance based on changes in closing prices and volume. It uses the standard deviation to determine the significant imbalance threshold. Candles with bullish imbalances are highlighted in green, while candles with bearish imbalances are highlighted in red.
Furthermore, the indicator includes features of latency arbitrage and liquidity analysis. Latency arbitrage looks for price differences between the anchored VWAP and bid/ask quotes, targeting trading opportunities based on these differences. The liquidity analysis verifies the liquidity imbalance and calculates the VWAP anchored on this value in total using 4 VWAP.
This indicator can be adjusted according to the preferences and characteristics of the specific asset or market. It provides clear visual information and can be used as a complementary tool for technical analysis in trading strategies.
Interesting Segment Length 20,50,80,200
and Interesting lookback period 20,50,80,200
Interesting imbalance threshold 1.5, 2.4, 3.3 ,4.2
Este indicador é projetado para identificar desequilíbrios no fluxo de ordens e na liquidez do mercado, Ele destaca velas com desequilíbrios significativos e traça linhas de referência
O indicador calcula o desequilíbrio com base nas mudanças nos preços de fechamento e no volume. Ele usa o desvio padrão para determinar o limiar de desequilíbrio significativo. As velas com desequilíbrios de alta são destacadas em verde, enquanto as velas com desequilíbrios de baixa são destacadas em vermelho.
Além disso, o indicador inclui recursos de arbitragem de latência e análise de liquidez. A arbitragem de latência procura diferenças de preços entre a VWAP ancorada e as cotações de compra/venda, visando oportunidades de negociação com base nessas diferenças. A análise de liquidez verifica o desequilíbrio de liquidez e calcula a VWAP ancorada nesse valor ao total utiliza 4 VWAP.
Este indicador pode ser ajustado de acordo com as preferências e características do ativo ou mercado específico. Ele fornece informações visuais claras e pode ser usado como uma ferramenta complementar para análise técnica em estratégias de negociação.
Comprimento do Segmento interessante para usa 20,50,80,200
e Período de lookback interessante para usa 20,50,80,200
Limiar de desequilíbrio interessante para usa 1.5 ,2.4, 3.3 ,4.2
Correlated Imbalance Detector# Correlated Imbalance Detector
This indicator helps traders identify strong market movements while avoiding fakeouts by detecting correlated imbalances across two trading instruments. By requiring confirmation from correlated markets like major indices (ES, NQ) or related forex pairs, it filters out potential false signals.
## What it Does
The indicator analyzes price action patterns known as 'imbalances' on two correlated instruments simultaneously. An imbalance occurs when there's a significant gap between price levels that hasn't been filled, indicating strong buying or selling pressure. By requiring both instruments to show the same pattern, it helps eliminate false breakouts and fakeouts.
### Key Features:
- Detects bullish and bearish imbalances across two correlated instruments
- Filters out fakeouts through correlation confirmation
- Uses candlestick direction for additional validation
- Simple visual signals with customizable colors
### Signals:
- Green square: Bullish imbalance detected on both instruments
- Red square: Bearish imbalance detected on both instruments
## Avoiding Fakeouts
The indicator's core strength lies in its correlation requirement:
- A signal only appears when both instruments show the same pattern
- Reduces false signals that might appear on a single instrument
- Helps validate genuine market moves through correlation
- Particularly effective in filtering out noise in choppy markets
## Index Correlation and Bias
Major indices often show strong correlation in their movements:
- ES (S&P 500 futures) and NQ (Nasdaq futures) typically move together
- When both show the same imbalance pattern, it significantly reduces the chance of a fakeout
- Use this correlation to confirm your market bias and strengthen your trading decisions
## Settings
- Correlated Symbol: Enter the symbol you want to correlate with
- Bearish Color: Customize the color for bearish signals
- Bullish Color: Customize the color for bullish signals
## Usage Tips
1. Particularly effective with correlated indices (ES/NQ)
2. Use to confirm your existing market bias
3. Best used on higher timeframes (H1 and above)
4. Wait for confirmation from both instruments to avoid fakeouts
5. Consider overall market context when interpreting signals
6. Use the absence of correlation as a warning sign for potential fakeouts
Note: This indicator is designed to help filter out false signals through correlation. It works best as part of your broader market analysis and should align with your trading bias and strategy.
ICT Implied Fair Value Gap (IFVG) [LuxAlgo]An Implied Fair Value Gap (IFVG) is a three candles imbalance formation conceptualized by ICT that is based on detecting a larger candle body & then measuring the average between the two adjacent candle shadows.
This indicator automatically detects this imbalance formation on your charts and can be extended by a user set number of bars.
The IFVG average can also be extended until a new respective IFVG is detected, serving as a support/resistance line.
Alerts for the detection of bullish/bearish IFVG's are also included in this script.
🔶 SETTINGS
Shadow Threshold %: Threshold percentage used to filter out IFVG's with low adjacent candles shadows.
IFVG Extension: Number of bars used to extend highlighted IFVG's areas.
Extend Averages: Extend IFVG's averages up to a new detected respective IFVG.
🔶 USAGE
Users of this indicator can primarily find it useful for trading imbalances just as they would for trading regular Fair Value Gaps or other imbalances, which aims to highlight a disparity between supply & demand.
For trading a bullish IFVG, users can find this imbalance as an area where price is likely to fill or act as an area of support.
In the same way, a user could trade bearish IFVGs by seeing it as a potential area to be filled or act as resistance within a downtrend.
Users can also extend the IFVG averages and use them as longer-term support/resistances levels. This can highlight the ability of detected IFVG to provide longer term significant support and resistance levels.
🔶 DETAILS
Various methods have been proposed for the detection of regular FVG's, and as such it would not be uncommon to see various methods for the implied version.
We propose the following identification rules for the algorithmic detection of IFVG's:
🔹 Bullish
Central candle body is larger than the body of the adjacent candles.
Current price low is higher than high price two bars ago.
Current candle lower shadow makes up more than p percent of its total candle range.
Candle upper shadow two bars ago makes up more than p percent of its total candle range.
The average of the current candle lower shadow is greater than the average of the candle upper shadow two bars ago.
where p is the user set threshold.
🔹 Bearish
Central candle body is larger than the body of the adjacent candles.
Current price high is higher than low price two bars ago.
Current candle upper shadow makes up more than p percent of its total candle range.
Candle lower shadow two bars ago makes up more than p percent of its total candle range.
The average of the candle lower shadow 2 bars ago is greater than the average of the current candle higher shadow.
where p is the user set threshold.
🔶 SUPPLEMENTARY MATERIAL
You can see our previously posted script that detects various imbalances as well as regular Fair Value Gaps which have very similar usability to Implied Fair Value Gaps here:
Luma Signals – Orderflow ImbalanceLuma Signals – Imbalance Detector
The Luma Signals – Imbalance Detector highlights price inefficiencies where buying or selling pressure dominates, causing rapid market movements. These imbalances can act as potential support and resistance zones or indicate areas where liquidity needs to be filled.
🔹 Key Features:
✔ Identifies Bullish & Bearish Imbalances – Blue candles indicate strong buying pressure, red candles indicate strong selling pressure.
✔ Clear Market Structure – Normal bullish candles appear in light gray, normal bearish candles in white.
✔ Dynamic Orderflow Analysis – Helps traders spot high-volatility price movements and potential reversals.
✔ No repainting & lightweight – The indicator works in real-time without altering past data.
📊 How to Use:
Trend Confirmation: If an imbalance aligns with a strong trend, it may indicate trend continuation.
Liquidity Gaps: Price often revisits imbalances before continuing its movement.
Scalping & Intraday Trading: Identify key reaction points for short-term trades.
Fair Value Gap█ OVERVIEW
This indicator displays the Fair Value Gap of the current timeframe and an additional higher timeframe. For each FVG the gaps act as targets creating bullish and bearish gaps that are often filled.
█ FEATURES
MTF Options
MidPoint FIll
Delete Old On Fill
Label FVG Timeframe
MTF Options
Enabling the MTF Options will allow the user to use the "MTF Timeframe" setting to choose what HTF Fair Value Gap to display
MidPoint FIll
A line plot at the Half way point will be included in the Fair Value Gap, this will be used to delete the gap when reached instead of a full fill.
Delete Old On Fill
Deletes historical Fair Value Gaps when filled.
Label FVG Timeframe
Labels Every Fair Value gap with there relevant timeframe to make it easier to determine which gap is being filled.
█ HOW TO USE IT
The indicator is quite straight forward in its application, providing users with targets that are often filled as they are seen as market imbalance.
Just applying it to your chart will provide the existing Fair Value Gaps. MTF Confluence is helpful in seeing what is happening on the macro perspective.
█ SUGGESTION
My suggestion for clarity is to use a different color to some degree between the MTF and Current TF as Opposed to text, keeps the chart clear.
█ LIMITATIONS OF PINE (Please read)
I see many users going on different indicators with MTF in mind and trying to use it for LTF data e.g. 1hour chart, and selecting 5min in chart settings.
This is not recommended by the team themselves and should be noted for use always use HTF: www.tradingview.com
To understand how to use fair value gaps I recommend learning about the subject some more, searching online will provide you resources. The internet is your friend when learning. All the best.
Price Imbalance as Consecutive Levels of AveragesOverview
The Price Imbalance as Consecutive Levels of Averages indicator is an advanced technical analysis tool designed to identify and visualize price imbalances in financial markets. Unlike traditional moving average (MA) indicators that update continuously with each new price bar, this indicator employs moving averages calculated over consecutive, non-overlapping historical windows. This unique approach leverages comparative historical data to provide deeper insights into trend strength and potential reversals, offering traders a more nuanced understanding of market dynamics and reducing the likelihood of false signals or fakeouts.
Key Features
Consecutive Rolling Moving Averages: Utilizes three distinct simple moving averages (SMAs) calculated over consecutive, non-overlapping windows to capture different historical segments of price data.
Dynamic Color-Coded Visualization: SMA lines change color and style based on the relationship between the averages, highlighting both extreme and normal market conditions.
Median and Secondary Median Lines: Provides additional layers of price distribution insight during normal trend conditions through the plotting of primary and secondary median lines.
Fakeout Prevention: Filters out short-term volatility and sharp price movements by requiring consistent historical alignment of multiple moving averages.
Customizable Parameters: Offers flexibility to adjust SMA window lengths and line extensions to align with various trading strategies and timeframes.
Real-Time Updates with Historical Context: Continuously recalculates and updates SMA lines based on comparative historical windows, ensuring that the indicator reflects both current and past market conditions.
Inputs & Settings
Rolling Window Lengths:
Window 1 Length (Most Recent) Bars: Number of bars used to calculate the most recent SMA. (Default: 5, Range: 2–300)
Window 2 Length (Preceding) Bars: Number of bars for the second SMA, shifted by Window 1. (Default: 8, Range: 2–300)
Window 3 Length (Third Rolling) Bars: Number of bars for the third SMA, shifted by the combined lengths of Window 1 and Window 2. (Default: 13, Range: 2–300)
Horizontal Line Extension:
Horizontal Line Extension (Bars): Determines how far each SMA line extends horizontally on the chart. (Default: 10 bars, Range: 1–100)
Functionality and Theory
1. Calculating Consecutive Simple Moving Averages (SMAs):
The indicator calculates three SMAs, each based on distinct and consecutive historical windows of price data. This approach contrasts with traditional MAs that continuously update with each new price bar, offering a static view of past trends rather than an ongoing one.
Mean1 (SMA1): Calculated over the most recent Window 1 Length bars. Represents the short-term trend.
Mean1=∑i=1N1CloseiN1
Mean1=N1∑i=1N1Closei
Where N1N1 is the length of Window 1.
Mean2 (SMA2): Calculated over the preceding Window 2 Length bars, shifted back by Window 1 Length bars. Represents the medium-term trend.
\text{Mean2} = \frac{\sum_{i=1}^{N_2} \text{Close}_{i + N_1}}}{N_2}
Where N2N2 is the length of Window 2.
Mean3 (SMA3): Calculated over the third rolling Window 3 Length bars, shifted back by the combined lengths of Window 1 and Window 2 bars. Represents the long-term trend.
\text{Mean3} = \frac{\sum_{i=1}^{N_3} \text{Close}_{i + N_1 + N_2}}}{N_3}
Where N3N3 is the length of Window 3.
2. Determining Market Conditions:
The relationship between the three SMAs categorizes the market condition into either extreme or normal states, enabling traders to quickly assess trend strength and potential reversals.
Extreme Bullish:
Mean3Mean2>Mean1
Mean3>Mean2>Mean1
Indicates a strong and sustained downward trend. SMA lines are colored purple and styled as dashed lines.
Normal Bullish:
Mean1>Mean2andnot in extreme bullish condition
Mean1>Mean2andnot in extreme bullish condition
Indicates a standard upward trend. SMA lines are colored green and styled as solid lines.
Normal Bearish:
Mean1Mean2>Mean1
Mean3>Mean2>Mean1
Normal Bullish:
Mean1>Mean2andnot in Extreme Bullish
Mean1>Mean2andnot in Extreme Bullish
Normal Bearish:
Mean1 Mean2 > Mean3
Visualization: All three SMAs are displayed as gold dashed lines.
Median Lines: Not displayed to maintain chart clarity.
Interpretation: Indicates a strong and sustained upward trend. Traders may consider entering long positions, confident in the trend's strength without the distraction of additional lines.
2. Normal Bullish Condition:
SMAs Alignment: Mean1 > Mean2 (not in extreme condition)
Visualization: Mean1 and Mean2 are green solid lines; Mean3 is gray.
Median Lines: A thin blue dotted median line is plotted between Mean1 and Mean2, with two additional thin blue dashed lines as secondary medians.
Interpretation: Confirms an upward trend while providing deeper insights into price distribution. Traders can use the median and secondary median lines to identify optimal entry points and manage risk more effectively.
3. Extreme Bearish Condition:
SMAs Alignment: Mean3 > Mean2 > Mean1
Visualization: All three SMAs are displayed as purple dashed lines.
Median Lines: Not displayed to maintain chart clarity.
Interpretation: Indicates a strong and sustained downward trend. Traders may consider entering short positions, confident in the trend's strength without the distraction of additional lines.
4. Normal Bearish Condition:
SMAs Alignment: Mean1 < Mean2 (not in extreme condition)
Visualization: Mean1 and Mean2 are red solid lines; Mean3 is gray.
Median Lines: A thin blue dotted median line is plotted between Mean1 and Mean2, with two additional thin blue dashed lines as secondary medians.
Interpretation: Confirms a downward trend while providing deeper insights into price distribution. Traders can use the median and secondary median lines to identify optimal entry points and manage risk more effectively.
Customization and Flexibility
The Price Imbalance as Consecutive Levels of Averages indicator is highly adaptable, allowing traders to tailor it to their specific trading styles and market conditions through adjustable parameters:
SMA Window Lengths: Modify the lengths of Window 1, Window 2, and Window 3 to capture different historical trend segments, whether focusing on short-term fluctuations or long-term movements.
Line Extension: Adjust the horizontal extension of SMA and median lines to align with different trading horizons and chart preferences.
Color and Style Preferences: While default colors and styles are optimized for clarity, traders can customize these elements to match their personal chart aesthetics and enhance visual differentiation.
This flexibility ensures that the indicator remains versatile and applicable across various markets, asset classes, and trading strategies, providing valuable insights tailored to individual trading needs.
Conclusion
The Price Imbalance as Consecutive Levels of Averages indicator offers a comprehensive and innovative approach to analyzing price trends and imbalances within financial markets. By utilizing three consecutive, non-overlapping SMAs and incorporating median lines during normal trend conditions, the indicator provides clear and actionable insights into trend strength and price distribution. Its unique design leverages comparative historical data, distinguishing it from traditional moving averages and enhancing its utility in identifying genuine market movements while minimizing false signals. This dynamic and customizable tool empowers traders to refine their technical analysis, optimize their trading strategies, and navigate the markets with greater confidence and precision.
CandelaCharts - Volume Imbalance (VI) 📝 Overview
Volume Imbalance occurs when there’s a noticeable gap between the bodies of two consecutive candlesticks, with no overlap between them. While the wicks of the candles might intersect, the candle bodies remain entirely separate. This phenomenon often signifies that the algorithm driving market activity did not evenly distribute prices between these two levels, leaving behind a small Volume Imbalance (VI).
A Bullish Volume Imbalance forms when the body of a green candlestick gaps above the previous candle’s body, with no overlap, indicating strong upward momentum and insufficient sell-side liquidity.
A Bearish Volume Imbalance forms when the body of a red candlestick gaps below the previous candle’s body, with no overlap, signaling intense downward pressure and a lack of buy-side liquidity.
This indicator can automatically identify volume imbalances by scanning candlestick patterns and detecting gaps between consecutive candle bodies. These volume imbalances act as price magnets, often attracting the market back to fill the gap before resuming its original direction. Recognizing and leveraging these gaps can be a powerful tool in technical analysis for predicting price movements.
📦 Features
MTF
Mitigation
Consequent Encroachment
Threshold
Hide Overlap
Advanced Styling
⚙️ Settings
Show: Controls whether VIs are displayed on the chart.
Show Last: Sets the number of VIs you want to display.
Length: Determines the length of each VI.
Mitigation: Highlights when a VI has been touched, using a different color without marking it as invalid.
Timeframe: Specifies the timeframe used to detect VIs.
Threshold: Sets the minimum gap size required for VI detection on the chart.
Show Mid-Line: Configures the midpoint line's width and style within the VI. (Consequent Encroachment - CE)
Show Border: Defines the border width and line style of the VI.
Hide Overlap: Removes overlapping VIs from view.
Extend: Extends the VI length to the current candle.
Elongate: Fully extends the VI length to the right side of the chart.
⚡️ Showcase
Simple
Mitigated
Bordered
Consequent Encroachment
Extended
🚨 Alerts
This script provides alert options for all signals.
Bearish Signal
A bearish alert triggers when a red candlestick gaps below the previous body, signaling downward pressure.
Bullish Signal
A bullish alert triggers when a green candlestick gaps above the previous body, indicating upward momentum.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Unmitigated Liquidity Imbalances [AlgoAlpha]🎉 Introducing the Unmitigated Liquidity Imbalance Indicator by AlgoAlpha! 🎉
Dive into the depths of market analytics with our "Unmitigated Liquidity Imbalance" indicator. This tool harnesses unique algorithms to detect liquidity imbalances between bulls and bears, helping traders spot trends and potential entry and exit points with greater accuracy. 📈🚀
🔍 Key Features:
🌟 Advanced Analysis : Analyses candle direction and length to forecast market peaks and valleys.
🎨 Customizable Visuals : Tailor the chart with your choice of bullish green or bearish red to reflect different market conditions.
🔄 Real-Time Updates : Continuously updates to reflect live market changes.
🔔 Configurable Alerts : Set up alerts for key trading signals such as bullish and bearish reversals, as well as trend shifts.
📐 How to Use:
🛠 Add the Indicator : Add the indicator to your favourites and customize the settings to suite your needs.
📊 Market Analysis : Monitor the oscillator threshold; readings above 0.5 suggest bullish sentiment, while below 0.5 indicate bearish conditions. And reversal signals are displayed to show potential entry points.
🔔 Set Alerts : Enable notifications for reversal conditions or trend changes to seize trading opportunities without constant chart watching.
🧠 How It Works:
The core mechanism of the indicator is based on detecting changes in candlestick size and direction to identify bullish and bearish liquidity levels from the peak & valley indicator's logic. By comparing the length of a current candle to the previous one and checking the change in direction, it pinpoints moments where market sentiment could be shifting, indicating if the liquidity at that point is bullish or bearish. The script then looks at what percentage of the past few unmitigated levels are bullish or bearish based on a customizable lookback and determines the liquidity imbalance which can then be interpreted as trend.
Empower your trading with the Unmitigated Liquidity Imbalance indicator and navigate the markets with confidence and precision. 🌟💹
Happy trading, and may your charts be ever in your favour! 🥳✨
💎 Related Indicator
Noise Footprint ImbalanceNoise Footprint Imbalance Indicator
The Noise Footprint Imbalance Indicator highlights areas of imbalance in price action, marking potential zones of support and resistance. This indicator helps traders visualize "footprints" of imbalance on the chart, allowing for better identification of areas where price moves significantly away from equilibrium. This can help traders pinpoint potential reversal points or zones where buyers or sellers may step in.
Features
Customizable Box Count: Choose the maximum number of imbalance zones displayed on the chart, keeping your workspace clear and focused.
Imbalance Detection: Highlights both top and bottom imbalances, identifying them based on price discrepancies between open/close and high/low levels.
Dynamic Zone Boxes: Draws boxes around imbalance zones with customizable colors and transparency, providing visual clarity without overwhelming the chart.
Usage
This indicator is beneficial for traders who:
Use imbalance zones as potential areas of interest for entries or exits.
Want to combine it with other indicators or price action analysis to improve trade setups.
Customization Options
Maximum Imbalance Zones: Adjusts the maximum number of imbalance boxes shown.
Imbalance Box Color: Customize the color and transparency of the imbalance zones to suit your chart's theme.
Add this script to your chart to enhance your technical analysis and bring more structure to your trading approach with the Noise Footprint Imbalance Indicator.
Volume-Time Imbalance (VTI)Volume-Time Imbalance (VTI) – Indicator Description
This indicator measures the imbalance between traded volume and the time elapsed between bars to identify unusual spikes in volume per second (volume per unit of time). Its purpose is to highlight volume movements that may indicate moments of strong interest, acceleration, or reversal in the market.
How it works:
It calculates the traded volume divided by the time (in seconds) elapsed since the previous bar — thus obtaining the volume per second.
An EMA (exponential moving average) of this volume per second is calculated to smooth the data.
The VTI value is the ratio between the current volume per second and this moving average, showing if the current volume is above what is expected for that pace.
The higher the VTI, the greater the imbalance between volume and time, indicating possible bursts of activity.
Settings:
VTI Moving Average Length: The period of the moving average used to smooth the volume per second (default is 20).
Alert Thresholds: Alert levels to identify moderate and high imbalances (defaults are 1.5 and 2.0).
Show VTI Histogram: Displays the VTI histogram in the indicator window.
Color Background: Colors the indicator background based on the strength of the imbalance (orange for moderate, red for high).
Show Alert Arrows: Shows arrows below the chart when a strong volume spike occurs (high alert).
Interpretation:
VTI values above the moderate level (1.5) indicate an unusual increase in volume relative to time.
Values above the high level (2.0) signal strong spikes that may anticipate significant moves or trend changes.
Use the colors and arrows as visual confirmations to quickly identify these moments.
Volume Flow ImbalanceVolume Flow Imbalance (VFI) Indicator
The Volume Flow Imbalance (VFI) indicator is designed to provide traders with insights into the market's buying and selling pressure by calculating the imbalance between buy and sell volumes over a user-defined lookback period. This indicator is particularly useful for identifying potential pivot points and market sentiment shifts.
How to Use :
Setup Parameters :
Lookback Period: Set the number of bars over which the imbalance is calculated. Increasing this number provides a broader view of market trends.
Lower Timeframe Data: Optionally enable this feature to analyze volume data from lower timeframes, offering a more granified view of volume flows.
Interpreting the Indicator :
The VFI outputs a value that represents the net imbalance between buying and selling volumes. Positive values indicate a predominance of buying volume, suggesting bullish conditions, while negative values suggest bearish conditions with more selling volume.
The indicator also provides dynamic threshold lines based on the standard deviation of the calculated imbalances, helping to visually identify extreme conditions where reversals might occur.
Application :
Apply the VFI to any chart to assess the balance of trade volumes in real-time.
Use the indicator in conjunction with other technical analysis tools to confirm trends or potential reversals.
Tips :
Adjust the lookback period based on the volatility and trading volume of the asset to optimize performance.
The VFI is best used in liquid markets where volume data is a reliable indicator of market activity.
By providing a clear measure of how much buying and selling is occurring relative to the past, the VFI helps traders make informed decisions based on underlying market dynamics.
Bagang Pivot Zones | Supply & Demand, Support & ResistanceBagang Pivot Zones detects imbalances from classic reversal and momentum price actions.
Imbalances create pivot zones, a.k.a Supply & Demand / Support & Resistance / Orderblock zones.
Use Cases
1. Traders using Supply & Demand theory can quickly pinpoint imbalance zones created by BUY-to-SELL and SELL-to-BUY candles.
2. Trend Following traders can systematically catch and follow a trend based on pivot zones analysis.
3. Breakout traders can easily target pivot zones’ breakout and breakdown.
4. Take the guesswork out of risk management: manage stop-loss precisely behind pivot zones.
5. Analyze contrary pivot zones to set realistic profit targets.
Objectivity
By only comparing OHLC values to identify notable price actions, Bagang Pivot Zones avoids derived calculations with subjective parameters.
Chart Issue
If the chart zooms out after adding an indicator, right-click the price scale and toggle "Scale price chart only” on.
Candle Colored by Volume Z-score [Morty]This indicator colors the candles according to the z-score of the trading volume. You can easily see the imbalance on the chart. You can use it at any timeframe.
In statistics, the standard score (Z-score) is the number of standard deviations by which the value of a raw score (i.e., an observed value or data point) is above or below the mean value of what is being observed or measured. Raw scores above the mean have positive standard scores, while those below the mean have negative standard scores.
This script uses trading volume as source of z-score by default.
Due to the lack of volume data for some index tickers, you can also choose candle body size as source of z-score.
features:
- custom source of z-score
- volume
- candle body size
- any of above two
- all of above two
- custom threshold of z-score
- custom color chemes
- custom chart type
- alerts
default color schemes:
- green -> excheme bullish imbalance
- blue -> large bullish imbalance
- red -> excheme bearish imbalance
- purple -> large bearish imbalance
- yellow -> low volume bars, indicates "balance", after which volatility usually increases and tends to continue the previous trend
Examples:
* Personally, I use dark theme and changed the candle colors to black/white for down/up.
Volume as Z-score source
Any as Z-score source, more imbalances are showed
Initial Imbalance [First FVG - ICT] v1Initial Imbalance v1
This indicator identifies the first Fair Value Gap (FVG) at the start of a user-defined session, inspired by The Inner Circle Trader. It helps traders spot initial imbalance in a sessions price action, offering filter options to refine FVG detection and optional session high/low lines for context.
Features:
Detects the first bullish or bearish FVG at the session start (default: 08:30). ISE: Sets a custom session start time (hour and minute).
Filters FVGs by size: None, ATR-based, or Points-based.
Displays session high/low lines (optional) to visualize the session range.
Customizable colors for bullish and bearish FVGs (background and border derived from a single color input).
Alerts for new FVGs and mitigated FVGs.
Settings:
Session Start Time: Define the hour and minute for the session start.
FVG Filter Type: Choose None, ATR, or Points to filter FVGs by size.
ATR Multiple / Minimum Points: Set the minimum FVG size for ATR or Points filters.
Show Session High/Low Lines: Toggle visibility of session range lines.
Bullish/Bearish FVG Colors: Customize colors for FVGs.
Technical Details:
Overlay indicator, displayed directly on the price chart.
This indicator is ideal for traders seeking to identify key price imbalances at the start of a session, with flexible filtering and visualization options.
Liquidity Voids (FVG) [LuxAlgo]The Liquidity Voids (FVG) indicator is designed to detect liquidity voids/imbalances derived from the fair value gaps and highlight the distribution of the liquidity voids at specific price levels.
Fair value gaps and liquidity voids are both indicators of sell-side and buy-side imbalance in trading. The only difference is how they are represented in the trading chart. Liquidity voids occur when the price moves sharply in one direction forming long-range candles that have little trading activity, whilst a fair value is a gap in price.
🔶 USAGE
Liquidity can help you to determine where the price is likely to head next. In conjunction with higher timeframe market structure, and supply and demand, liquidity can give you insights into potential price movement. It's essential to practice using liquidity alongside trend analysis and supply and demand to read market conditions effectively.
The peculiar thing about liquidity voids is that they almost always fill up. And by “filling”, we mean the price returns to the origin of the gap. The reason for this is that during the gap, an imbalance is created in the asset that has to be made up for. The erasure of this gap is what we call the filling of the void. And while some voids waste no time in filling, some others take multiple periods before they get filled.
🔶 SETTINGS
The script takes into account user-defined parameters and detects the liquidity voids based on them, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip.
🔹 Liquidity Detection
Liquidity Voids Threshold: Act as a filter while detecting the Liquidity Voids. When set to 0 basically means no filtering is applied, increasing the value causes the script to check the width of the void compared to a fixed-length ATR value
Bullish: Color customization option for Bullish Liquidity Voids
Bearish: Color customization option for Bearish Liquidity Voids
Labels: Toggles the visibility of the Liquidity Void label
Filled Liquidity Voids: Toggles the visibility of the Filled Liquidity Voids
🔹 Display Options
Mode: Controls the lookback length of detection and visualization
# Bars: Lookback length customization, in case Mode is set to Present
🔶 RELATED SCRIPTS
Buyside-Sellside-Liquidity
Fair-Value-Gaps
