Smart Money Concepts (SMC)Introductions:
Before explaining the functions of this indicator to you, we need to talk about what theoretical knowledge we need to have. Many different price approaches have been developed over the decades with different analysis methods and are still evolving. Some theories used in classical trend analysis methods are interpreted or blended with different perspectives over time and we try to make more successful analyses by having a consistent market reading strategy. While analyzing the classical market structure with the price action method, some issues that are missing and do not fit into place are brought to light with a higher level analysis method known as the smart money concept.
As a result of the research and developments we have done on this subject from many different sources for a long time, I personally think that the most efficient and logical concept is the smart money concept. Of course, no matter which method we use, acting within a risk management and remaining strictly loyal to our conditions should be our first priority so that we can talk about sustainable success in the market. In light of all this, we decided to make an indicator of this concept, which we believe is consistent.
In order to analyze the market structure correctly, we must first draw fractal structures and interpret them correctly. Because the market consists of fractal structures. Regardless of the technique, if we cannot draw fractals correctly or if we make an incorrect interpretation while determining them, our market structure analysis may also be incorrect.
Instead of manually identifying fractal structures, script writers often choose the following method for ease of use; They leave the number of candles to the user's choice, detect the highest and lowest points among x number of candles, and draw fractal structures accordingly, but in fact this is not an accurate detection method. In the visual I have prepared below, you can see how the correct fractal structures should be drawn. Fractal structures should be made based on the previous and next candle levels, not from a certain group of candles.
To identify market structures, we make an interpretation based on these fractal movements.
While classic market structure analysis with traditional price action follows a relatively simpler path as shown in the example below, this situation is a bit more detailed in the smart money concepts.
To explain the situation in the smart money concept in an easily understandable way, it is as follows; imagine an uptrend that progresses by creating levels HH and HL, when the price creates a new HL, we call this point as inducement and we move this level up as each new HL is formed. When drawing structures in this way, when the price falls below the inducement level, the peak is confirmed. To explain it with a different approach, the price must first get liquidity from these last rising bottoms in order to make a break of structure (BOS). The break of structure occurs when the price passes the approved peak. When BOS occurs, the lowest point between this point and the previous peak is defined as the Swing Low and this is the level that needs to be protected in uptrend. When BOS occurs, the last HL point that made this BOS is also defined as inducement and it continues to move as new HL is formed until the new peak is confirmed. If the price somehow "closes" below the Swing Low point that needs to be protected, CHOCH (change of character) has occurred and the trend direction has changed. After CHOCH, we start applying the same logic for the downtrend, the last LH peak formed after is defined as inducement and as the fractal structure continues downward, this level is also carried as the inducement level until the Swing Low level is determined. An important note is; In order for BOS and CHOCH to be valid, "a closing must definitely occur". If it remains in the form of a wick, we call it a liquidity sweep and the end point of this wick is updated as the point where we need to look for a closing in order to be able to say that the BOS or CHOCH level is determined. By the way, We call these liquidity sweep points as "x" in the indicator.
It may be easier to explain this topic with a few sample images that I have shared below.
The thing to consider in the smart money concept is that if you are going to take a long trade in an uptrend, you should wait for the price to fall below the inducement level or if you are going to take a short trade in a downtrend, you should wait for the price to rise above the inducement level and only then look for suitable structures, order flows, order blocks, price gaps and other structures before this are considered traps in this concept. I have some strategies that I personally apply, but since these are my personal preferences, I do not find it right to share them here in order not to affect your opinions, but I am basically careful to act as I stated above.
While preparing this script, we paid attention to the fact that it can be interpreted with a real human eye, provides ease at the speed of machine language and can work extremely flawlessly.
From the first moment we started preparing the script, we went through a long and seriously laborious preparation process that lasted months until now, which we happily share.
We brought this code to life by putting on the table almost everything the user may want in terms of both flawlessly fulfilling the conditions specified by the concept and convenience.
If we touch on the function of the code in order, our code finds the following;
It perfectly identifies the fractals that form the basis of the market structure, within the framework of the rules that I mentioned above, we taught to the script.
According to smart money concepts, as I explained in detail above, it provides great convenience in this regard by skillfully identifying the direction of the market in the time period you are in, rather than traditional methods.
In addition to identifying the direction of the market, it also detects the direction changes taking place in the internal structure. Indicator tries to detect even the slightest direction changes by making a stricter interpretation while determining the trend and bottom-top points in the internal structure. Theoretically, it determines the top point in a downward fractal breakout, and marks the bottom point in an upward fractal breakout.
In this context, it also uniquely identifies the candle flow direction and we can observe it on the table. I explained this issue in the first image about fractal determination, you can read that part again.
When you identify swing structures correctly, you will also determine the area you need to focus on, and we have also included this in the script.
Another one of our favorite features on the chart is that it can show active swing areas live by following the BOS, CHOCH and Inducement lines. So, I believe that this gives it a more professional appearance.
In the light of all these functions, it provides great ease of use while presenting data on the direction of the market in a table not only in the current time frame but also in 6 different time frames that the user can choose according to his/her preference, including seconds timeframes (1 sec., 5 sec., 15 sec., 30 sec. etc.)
In order to speed up the user, it instantly informs the selected parity and all structural changes (Bos, Choch, Inducement, Liquidity Sweeps etc.) that occur on the market structure of this timeframe by setting a single alarm.
In the settings window, you will find the following settings that we have personalized for you:
Main Options;
Fractal Lines box: You can check this box to see whether the fractals that form the basic interpretation structure of the indicator are visible or not.
Swing Lines box: You can use this box to turn on or off the Bos, Choch, Inducement and Liquidity Sweeps lines, which are the main elements of the market structure.
Internal Structures box: You can check this box to observe the H and L points in the internal structure of the graph and therefore the direction in the internal structure.
Live Bos / Choch / Inducement Lines box: You can turn on / off the visibility of the lines belonging to the current and active Bos, Choch and Inducement levels on the chart.
Range Lines box: You can use it to turn on / off the visibility of range lines drawn between the active Swing high and Swing low points on the chart.
Multitimeframe Tables box: It allows you to open and close the table where you can observe the main trend direction of the current parity on the screen, its internal structure and the candle flow direction in 6 different time frames.
Fractal Settings;
In this section, you can choose the colors, style and thickness of the fractal lines as you wish.
Swing Settings;
In this section you can choose the colors of the Swing High and Swing Low points, their shape and size.
Likewise, you can choose the colors, line style, thickness and text size of Bos and Choch lines for bullish and bearish situations.
There are also settings where you can choose the colors, style, line thickness and text size of the Liquidity Sweep and Inducement lines.
Internal Swing Settings;
In this section, you can determine the colors of the High and Low points detected in the internal structure and select the label size, style and thickness of the direction change lines.
Live BOS / CHOCH / IDM Lines;
In this section, you can select the colors, label sizes, line style and thickness of the bos, choch and inducement lines that show the important levels followed in the current status of the chart.
Range Settings;
As mentioned above, you can choose the color, style, thickness of the range lines drawn between the active swing high and swing low points and the size of the price tags of these levels.
Multitimeframe Table Settings;
In this section, there are settings boxes for 6 selectable timeframes, 9 different position alternatives where you can change the position of the table, and a section where you can find 2 different options to express the directions in the table. In addition to these, you will also be able to choose the background color of the table and the color of the text used to express the directions in the table.
We hope that this script will reach a wide audience by becoming a tool that will be used with pleasure and indispensable, while providing convenience to all users, as we have dreamed of and expected from the first moment we started writing it.
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for the documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. We are not responsible for any losses you may incur. Please invest wisely.
Best regards and enjoy it.
Cari dalam skrip untuk "order block"
ICT SM Trades PREMIUMIndicator looks for ICT & Smart Money trades on any timeframe. These types of trades reveal how the big institutions, banks and hedge funds trade with big money. If they want their very big positions to be filled they need to find areas in chart where the majority of the money is sitting. Where is it? Where is the majority of orders placed? Right below supports or right above resistance, these orders are stoplosses or stop orders. So they need to push the price to these areas, take all the available stoplosses and trigger all the available stop orders in order to fill their positions and then push the price to the opposite side to make profit (and retail to lose).
Indicator looks for support or resistance (S/R) areas which are represented by dotted lines. This S/R areas are created by minimum of 2 pivot high/low (H/L). Every pivot H/L that creates the S/R area is marked with diamond label. This S/R area is called liquidity. After liquidity is created, indicator looks for liquidity grab (mostly represented by fast spike to this area - it is labeled with x-cross) and then price should go fast to the opposite side of the created structure. Indicator considers as a created structure everything that was created on the other side of the candles from the oldest pivot H/L which creates particular liquidity. For example, if liquidity is created with 3 pivot highs, indicator looks at the oldest pivot high and from there it is looking for the lowest low. Under this lowest low is dashed line which means that this level should be broken with closed candle. This action is called market structure shift (MSS), when the price shifted very fast from highs to lows. After MSS, when the price went fast to one direction, there were some imbalances in prices, in our example selling pressure was a lot bigger than buying pressure and there were created some long untested bearish candles. This untested areas in candles are called imbalances or gaps of fair value gaps (FVG). These are labeled with rectangles. It is expected that these gaps will be tested in near future to "balance the market".
We can put limit orders into these gaps (or into order blocks in PREMIUM indicator) and await some retracement after MSS to open our positions and after the positions are opened we can expect trend continuation in the direction where market structure shift was made (away from liquidity grab). So stoplosses can be placed above/below liquidity grab candle (marked with x-cross).
Alerts can be set for MSS to Long & Short and for liquidity grabs to Long & Short.
All settings of this indicator should be self-explanatory and most of them have tooltips for better understanding.
THE AV BREAKERTHE SHARKFIN
The AV Breaker uses a TDI to define sharkfins. You can set it up so it only
alert sharkfins at a specific level. Like 70/30 above/below. Or at anytime
it sharkfin the upper/lower band (Not using any level criteria.)
THE BREAKER
A breaker happens when an order block is taken out after a sharkfin setup.
This gives a HIGH probabillity reversal signal. If used with your own
higher Timeframe strategy.
THE ALERTS
The AV Breaker has built in Alert Function. You can however tell The AV breaker
what hours you want to see the alerts. You can also color the chart with a click
of a button during your alert hours session.
The Alert Session Plotted on Chart uses New York Time.
Settings:
- Time Session (Between what hours you want alert to be active)
- Highlight Session Range If you want chart to color selected "Time Sessiion Hours"
- Number of candles in The Order Block (Set your requirement for an Order Block)
TDI Settings: (The TDI do not need to be added to chart, but can be handy visually to add)
- TDI Low Level: 30 Default
- TDI High Level: 70 Default
- Use High/Low TDI Levels (If sharkfin has to be created above/below choosen TDI Level)
-- (Plus you can set any number on The TDI (Bands, RSI, MA's etc) --
How to use:
How you use it is up to you. However upon signal of The Breaker it can be good to wait
for a pullback to breaking opposite candle, or use a simple ABC 50% Fibs or similar.
Orderblock Finder V.1.0We have recently developed a magnificent trading indicator that helps traders to identify both Order Blocks(OB) and market trend.
Order Blocks can be interpreted as an Institutional (so called whales) average entry/exit price that acts as a major support or resistance on the chart.
The trend is computed and quantified combining ATR and SMA utilizing some efficient parameters.
This very technique is relatively suitable for technical analysis of contemporary financial market, compared to the existing techniques.
Since the behaviors, properties, or trends of recent financial market, especially in the COVID19 era, change so rapidly in unexpected ways, following up these changes by searching and testing advanced methodologies is quite essential.
If you would like to use this indicator, feel free to message us, or find us through our links below.
Thanks.
์ค๋๋ธ๋ญ๊ณผ ์์ฅ ์ถ์ธ๋ฅผ ์๋ณํ๋๋ฐ ๋์์ ์ฃผ๋ ์งํ๋ฅผ ๊ฐ๋ฐํ์ต๋๋ค.
แแ
ฎแแ
งแผแแ
ขแแ
ฎแฏแแ
ขแ
แ
ณแฏ แแ
กแฝแแ
กแแ
ขแแ
ฉ แแ
ขแธแแ
ฆ แแ
ฎแทแแ
งแแ
ตแซ แแ
ฉแแ
ฅแแ
ณแฏแ
แ
ฅแจแแ
ฉ ์ก์๋
๋๋ค.
์ค๋๋ธ๋ญ์ ๊ธฐ๊ด(ํน์ ๊ณ ๋) ํ๊ท ์ง์
/์ต์ ๊ฐ๋ก ํด์ํ ์ ์์ต๋๋ค.
์ถ์ธ๋ ATR ๊ณผ SMA๋ฅผ ๊ฒฐํฉํ ํจ์จ์ ์ธ ํ๋ผ๋ฏธํฐ๋ฅผ ์ฌ์ฉํ์ฌ ๊ณ์ฐํ์ต๋๋ค.
ํนํ COVID-19 ์๋์ ์ต๊ทผ ๊ธ์ต์์ฅ์ ํ๋, ์์ฑ๊ณผ ํธ๋ ๋๋ ์์์น ๋ชปํ ๋ฐฉ์์ผ๋ก ๋งค์ฐ ๋น ๋ฅด๊ฒ ๋ณํํ๊ณ ์๊ธฐ ๋๋ฌธ์, ์ด๋ฌํ ๋ณํ๋ค์ ๋ฐ๋ผ๊ฐ๊ธฐ ์ํด ์ ์ง์ ์ธ ๋ฐฉ๋ฒ๋ก ์ ๊ฒ์ํ๊ณ ์ํํ๋๊ฒ์ ๋งค์ฐ ํ์์ ์ด๋ผ๊ณ ์ฌ๊ฒจ์ง๋๋ค.
์งํ๋ฅผ ์ฌ์ฉํ์๊ณ ์ถ์ผ์๊ฑฐ๋
แแ
ฅ แแ
กแแ
ฆแแ
กแซ แแ
กแแ
ญแผแแ
ฅแธแแ
ณแฏ แแ
กแฏแแ
ฉ แแ
ตแแแ
ณแแ
ตแแ
กแแ
งแซ แแ
ฅแแ
ด ๋งํฌ๋ค๋ก ๋ค์ด์ค์๊ฑฐ๋ ๋ฉ์์ง ์ฃผ์๋ฉด ๋๊ฒ ์ต๋๋ค.
แแ
งแ
แ
ฅแแ
ฎแซแแ
ด แแ
ฅแผแแ
ฎแ
แ
ณแฏ แแ
ตแแ
ฏแซแแ
กแธแแ
ตแแ
ก.
QAIS Advanced Liquidity Hunter [HYBRID ALERT]I Qais Shah from Kalmeshwar, Nagpur. Have Unlock Institutional-Grade Strategies with the Advanced Liquidity Hunter
This powerful indicator is designed for serious traders seeking to capitalize on the same market mechanics used by institutional players. The Advanced Liquidity Hunter identifies high-probability reversal setups by detecting key market events: Liquidity Sweeps, Fair Value Gaps (FVG), and RSI Divergence, all filtered through a multi-timeframe analysis for maximum confluence.
๐ What This Indicator Does:
Detects Liquidity Sweeps: Finds precise moments where price aggressively sweeps beyond a recent swing high or low to trigger stop orders (liquidity) and then rejects back into the rangeโa classic sign of institutional activity.
Identifies Fair Value Gaps (FVG): Highlights imbalanced areas on the chart where price is likely to return, providing excellent entry zones.
Multi-Timeframe RSI Divergence: Confirms momentum shifts by analyzing divergence not just on your current chart, but also on the higher 1-hour timeframe for stronger, more reliable signals.
Volume Spike Confirmation: Ensures the move is validated by a significant increase in trading volume, separating genuine moves from false breakouts.
Smart Alert System: Sends direct alerts to your phone or email when a perfect confluence of conditions is met, so you never miss a setup.
โ๏ธ How to Use It:
This is a Hybrid Quant-Discretionary tool. It does the heavy lifting of scanning the markets 24/7, but it requires your expert discretion for final execution.
Wait for the Alert: The indicator will send an alert when a high-quality setup is detected.
Confirm on Higher Timeframe (HTF): Open the chart. Check that the signal aligns with a major HTF support/resistance level, trend, or order block.
Execute Your Plan: Manually enter the trade using the provided logic, ensuring you implement strict risk management (1-2% of capital per trade).
๐ฏ Ideal For:
Swing Traders and Day Traders looking for high-quality, high-probability entries.
Those who understand and trade based on market structure, liquidity, and order flow.
Traders who prefer a disciplined, alert-based system over emotional decision-making.
๐ Key Features:
Fully Customizable: Adjust all parameters (ATR multiplier, RSI length, volume spike) to fit your trading style and the current market volatility.
Clear Visuals: Easy-to-see triangles and crosses plot the exact entry points and liquidity sweeps directly on your chart.
Non-Repainting: The logic uses confirmed closing prices to ensure signals do not repaint.
Disclaimer: This tool is designed to identify high-probability opportunities, not guaranteed wins. Always practice proper risk management and backtest the strategy before using real capital. Past performance is not indicative of future results.
Titan Wick Zone IndicatorThe Titan Wick Zone Indicator visually highlights the upper and lower wick regions of each candlestick on your chart, helping traders instantly identify areas where price was aggressively rejected (top wick) or absorbed (bottom wick). The indicator fills the area above the candle body to the wick high in red (sell zone), and the area below the candle body to the wick low in green (buy zone), both with adjustable opacity for clear visibility.
How to Use:
Spot Rejection and Absorption:
The red-filled upper wick zone marks where upward price moves were sharply rejected by sellers, often indicating supply, resistance, or โstop huntโ zones.
The green-filled lower wick zone marks where downward price moves were absorbed by buyers, pointing to potential demand, support, or accumulation zones.
Enhance Price Action Analysis:
Use these zones to avoid entering trades at price extremes, spot potential reversals, and find areas of confluence with support/resistance, Fibonacci levels, or order blocks.
Risk Management:
The indicator helps visualize where liquidity hunts or false breakouts may occur, so you can better place stop losses outside of volatile wick zones.
Ideal For:
Price action traders, scalpers, and swing traders seeking a visual edge in spotting supply/demand dynamics, liquidity zones, and wick-driven traps.
Impulse Alert - Supply (Sell) [Fixed]๐ฅ Supply Zone (Sell) โ Institutional Order Block Detector
This custom indicator automatically detects valid Supply Zones (Sell Zones) based on Smart Money Concepts and institutional trading behavior.
๐ How It Works:
Identifies strong bearish impulsive moves after price forms a potential Order Block
Valid supply zones are plotted after:
A valid rallyโbaseโdrop or dropโbaseโdrop structure
A shift in structure or clear imbalance is detected
The zone is created from the last bullish candle before a strong bearish engulfing move
Zones remain on chart until price revisits and reacts
๐ Use Case:
Ideal for traders using Smart Money Concepts (SMC), Supply & Demand, or ICT-inspired strategies
Perfect for scalping, day trading, or swing setups
Designed for confluence with HTF bias and LTF execution
โ๏ธ Features:
Supply Zone auto-plotting
Customizable zone color and opacity
Alerts when price returns to the zone (retest entry opportunity)
๐ง Tip for Best Use:
Use in confluence with:
HTF Supply zones (manual or other indicator)
Market Structure breaks
Fair Value Gaps or Imbalance zones
Strong impulsive moves from HTF to LTF
๐ Future Additions (Coming Soon):
Demand Zone detection
Zone strength rating system
Refined zone filters (volume, candle size, etc.)
Alerts for mitigation or invalidation
๐ Created by: Rohit Jadhav | Real-time market trader | YT/Insta - @GrowthByTrading
๐ฌ Feedback? Drop a comment or connect via profile for updates and tutorials!
Bid/Ask Volume Tension with Rolling Avg๐ Bid/Ask Volume Tension with Rolling Average
This indicator is designed to help traders identify pivotal moments of buildup, exhaustion, or imbalance in the market by calculating the tension between buy and sell volume.
๐ How It Works:
Buy volume is approximated when the candle closes higher than or equal to its open.
Sell volume is approximated when the candle closes below its open.
Both are smoothed using an EMA (Exponential Moving Average) for noise reduction.
Tension is calculated as the absolute difference between smoothed buy and sell volume.
A rolling average of tension shows the baseline for normal behavior.
When instant tension rises significantly above the rolling average, it often signals:
A build-up before a large move
Aggressive order flow imbalances
Potential reversals or breakouts
๐ง How to Use:
Watch the orange line (instant tension) for spikes above the aqua line (rolling average).
Purple background highlights show when tension exceeds a customizable multiple of the average โ a potential setup zone.
Use this indicator alongside:
Price action (candlestick structure)
Support/resistance
Liquidity zones or order blocks
โ๏ธ Settings:
Smoothing Length: Controls the responsiveness of buy/sell volume smoothing.
Rolling Avg Window: Defines the lookback period for the baseline tension.
Buildup Threshold: Triggers highlight zones when tension exceeds this multiple of the average.
๐งช Best For:
Spotting pre-breakout tension
Detecting volume-based divergences
Confirming order flow imbalances
cd_cisd_market_CxHi Traders,
Overview:
Many traders follow market structure to identify the market direction and seek trade opportunities in line with the trend.
However, markings derived from user-defined inputs can create different structures, depending on personal choices. For instance, choosing a pivot distance of 3 instead of 2 alters the structure, even though the chart remains the same. Ideally, the structure should remain consistent.
"Change in State Delivery" ( CISD ) is a widely accepted concept among traders and is considered a significant indicator of market direction based on the gain/loss of CISD levels.
In this indicator, CISD is selected as the primary criterion for marking market structure, eliminating the influence of user-dependent variations.
Here is a summary of the key logic and rules applied:
โข When the price forms a new high/low, that level is only considered a pivot if a CISD has occurred.
โข A bullish CISD is always followed by a bearish CISD, and vice versa.
โข Pivot points form the internal structure.
โข The internal structure is used to interpret the swing structure.
โข Probabilities are derived from internal structure patterns.
________________________________________
Details:
How is CISD determined?
As is commonly known:
โข When price makes a new high, the opening level of the first candle in the consecutive bullish candle sequence is marked.
โข When price makes a new low, the opening of the first candle in the consecutive bearish sequence is marked.
โข If thereโs only one candle in the sequence, its opening level is used.
In a bullish market, losing a bearish CISD level (i.e., a close below it) or in a bearish market, gaining a bullish CISD level (i.e., a close above it) is interpreted as a potential shift in buyer-seller dominance and a possible market reversal.
________________________________________
How are internal (pivot) levels determined?
โข When price closes below a bearish CISD level, the highest candle's high becomes a pivot high (PH).
โข When price closes above a bullish CISD level, the lowest candle's low becomes a pivot low (PL).
โข If the new PH is above the previous PH, itโs labeled as HH (Higher High); otherwise, LH (Lower High).
โข If the new PL is below the previous PL, itโs labeled as LL (Lower Low); otherwise, HL (Higher Low).
________________________________________
Internal Market Structure:
โข A series of HHs indicates a bullish internal structure.
โข A series of LLs indicates a bearish internal structure.
________________________________________
Swing (Main) Market Structure:
Using internal pivots and previous swing levels, the main market structure is derived.
โข A new swing high (SH) requires the price to move above the previous SH.
โข A new swing low (SL) requires the price to move below the previous SL.
________________________________________
Probability Calculation:
Pivot levels forming the internal structure are coded as five-element sequences.
There are 64 possible combinations of such sequences made from consecutive PH and PL values.
Each patternโs frequency from its starting candle is tracked.
To make it more understandable:
For example, after the four-sequence โHH, LL, LH,HLโ, either HH or LH might follow.
The table shows the statistical likelihood of both possible outcomes for the most recent four-element sequence on the chart.
________________________________________
How reliable is it?
To assess reliability, results are calculated from the beginning using:
Success Rate (Suc. Rt) = Number of Correct Predictions / Total Predictions
This value is added to the table for reference.
Itโs important to note that no statistical outcome guarantees certaintyโevery result offers a different interpretation. What truly matters is to avoid getting stopped out ๐.
________________________________________
Menu Options:
Show/hide preferences and color selections can be customized via the indicator menu.
________________________________________
Whatโs Coming in Future Versions?
Features such as FVG (Fair Value Gaps) between swing levels, volume imbalances, order blocks / mitigation blocks, Fibonacci levels, and relevant trade suggestions will be added.
________________________________________
This is a BETA version that I believe will help simplify your market reading. Iโd be happy to hear your feedback and suggestions.
Cheerful Trading!
Fibonacci Optimal Entry Zone [OTE] (Zeiierman)โ Overview
Fibonacci Optimal Entry Zone (Zeiierman) is a high-precision market structure tool designed to help traders identify ideal entry zones during trending markets. Built on the principles of Smart Money Concepts (SMC) and Fibonacci retracements, this indicator highlights key areas where price is most likely to react โ specifically within the "Golden Zone" (between the 50% and 61.8% retracement).
It tracks structural pivot shifts (CHoCH) and dynamically adjusts Fibonacci levels based on real-time swing tracking. Whether you're trading breakouts, pullbacks, or optimal entries, this tool brings unparalleled clarity to structure-based strategies.
Ideal for traders who rely on confluence, this indicator visually synchronizes swing highs/lows, market structure shifts, Fibonacci retracement levels, and trend alignment โ all without clutter or lag.
โช The Structural Assumption
Price moves in waves, but key retracements often lead to continuation or reversal โ especially when aligned with structure breaks and trend shifts.
The Optimal Entry Zone captures this behavior by anchoring Fibonacci levels between recent swing extremes. The most powerful area โ the Golden Zone โ marks where institutional re-entry is likely, providing traders with a sniper-like roadmap to structure-based entries.
โ How It Works
โช Structure Tracking Engine
At its core, the indicator detects pivots and classifies trend direction:
Structure Period โ Determines the depth of pivots used to detect swing highs/lows.
CHoCH โ Break of structure logic identifies where the trend shifts or continues, marked visually on the chart.
Bullish & Bearish Modes โ Independently toggle uptrend and downtrend detection and styling.
โช Fibonacci Engine
Upon each confirmed structural shift, Fibonacci retracement levels are projected between swing extremes:
Custom Levels โ Choose which retracements (0.50, 0.618, etc.) are shown.
Real-Time Adjustments โ When "Swing Tracker" is enabled, levels and labels update dynamically as price forms new swings.
Example:
If you disable the Swing Tracker, the Golden Level is calculated using the most recent confirmed swing high and low.
If you enable the Swing Tracker, the Golden Level is calculated from the latest swing high or low, making it more adaptive as the trend evolves in real time.
โ How to Use
โช Structure-Based Entry
Wait for CHoCH events and use the resulting Fibonacci projection to identify entry points. Enter trades as price taps into the Golden Zone, especially when confluence forms with swing structure or order blocks.
โช Real-Time Reaction Tracking
Enable Swing Tracker to keep the tool live โ constantly updating zones as price shifts. This is especially useful for scalpers or intraday traders who rely on fresh swing zones.
โ Settings
Structure Period โ Number of bars used to define swing pivots. Larger values = stronger structure.
Swing Tracker โ Auto-updates fib levels as new highs/lows form.
Show Previous Levels โ Keep older fib zones on chart or reset with each structure shift.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. 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.
US30 Smart Money 5M/4H Strategy๐ง How It Works
โ
1. 4H Trend Bias Detection
Uses the 4-hour chart (internally) to determine if the market is in an uptrend or downtrend.
Background turns green for bullish trend, red for bearish trend.
This helps filter trades โ only take longs during uptrend, shorts during downtrend.
โ
2. Liquidity Sweeps (Stop Hunts) on 5M
Highlights candles that break previous highs/lows and then reverse (typical of institutional stop raids).
Draws a shaded red box above sweep-high candles and green box under sweep-lows.
These indicate key reversal zones.
โ
3. Order Block Zones
Detects bullish/bearish engulfing patterns after liquidity sweeps.
Draws a supply or demand zone box extending forward.
These zones show where institutions likely placed large orders.
โ
4. FVG Midpoint from 30-Min Chart
Detects Fair Value Gaps (imbalances) on the 30-minute chart.
Plots a line at the midpoint of the gap (EQ level), which is often revisited for entries or rejections.
โ
5. Buy/Sell Signals (Non-Repainting)
Buy = 4H uptrend + 5M liquidity sweep low + bullish engulfing candle.
Sell = 4H downtrend + 5M liquidity sweep high + bearish engulfing.
Prints green โBUYโ or red โSELLโ label on the chart โ these do not repaint.
๐ How to Use It
Wait for trend bias โ only take trades in the direction of the 4H trend.
Watch for liquidity sweep boxes โ these hint a stop hunt just occurred.
Look for a signal label (BUY/SELL) โ confirms entry criteria.
Use FVG EQ lines & Order Block zones as confluence or targets.
Take trades after NY open (9:30 AM EST) for best momentum.
Liquidity Levels (Smart Swing Lows)Liquidity Levels โ Smart Swing Low Detection
Efficient Liquidity Sweep Visualization for Smart Money Traders
This script automatically identifies and plots liquidity-rich swing lows based on pivot logic, filters them to remove redundant levels, and overlays daily highs/lows for added context โ giving Smart Money Concept (SMC) traders a clean, actionable map of liquidity.
Itโs designed to be minimal yet powerful: perfect for spotting potential liquidity grabs, mitigation zones, and sweep targets with zero chart clutter.
๐ What This Script Does:
Detects Smart Swing Lows
Uses fixed pivot detection (left = 3, right = customizable) to identify structurally significant swing lows.
Filters out swing lows that are too close together using a percentage-based spacing threshold to reduce noise.
Mitigation Cleanup Logic
Tracks whether recent price action breaches past swing lows.
If breached, the swing level is automatically removed, keeping only relevant, unmitigated liquidity levels on your chart.
Plots Daily Highs and Lows
Each new trading day, horizontal rays mark the prior dayโs high and low โ useful for identifying resting liquidity and possible sweep zones.
Labeling and Style Customization
Optional labels for swing lows.
Full control over label size, color, and visibility to match any chart aesthetic.
Timeframe Filtering
Runs exclusively on 5m, 10m, and 15m charts to ensure optimal reliability and signal clarity.
โ๏ธ Customization Features:
Pivot sensitivity (Right side control)
Minimum distance between swing lows (in %)
Label visibility, size, and color
Line width and colors for both swing levels and daily highs/lows
Mitigation cleanup lookback length
๐ก How to Use:
Add the script to a qualifying intraday chart (5โ15m).
Use the swing low levels to monitor liquidity-rich zones.
Combine with your personal strategy to identify liquidity grabs, potential reversal zones, or entry points following a sweep.
Let the built-in cleanup logic remove any already-mitigated levels so you can focus on active targets.
๐ What Makes It Unique:
This isnโt just another pivot plotter โ itโs a smart, self-cleaning SMC tool designed for modern liquidity-based trading strategies.
A must-have for traders using concepts like liquidity grabs, mitigation blocks, or sweep-to-reverse trade models.
๐ Best used in combination with:
โ
First FVG โ Opening Range Fair Value Gap Detector: Pinpoint the dayโs first imbalance zone for intraday setups.
โ
ICT SMC Liquidity Grabs + OB + Fibonacci OTE Levels: Confluence-based entries powered by liquidity logic, order blocks, and premium/discount zones.
Used together, these scripts form a complete Smart Money toolkit โ helping you build high-probability setups with confidence, clarity, and clean charts.
Liquidity Fracture DetectorThe Liquidity Fracture Detector is an advanced tool designed to identify micro-liquidity traps and structural fakeouts on intraday charts. These occur when the market appears to break out, only to quickly reverse โ often triggered by stop hunts, inefficient fills, or manipulated order flow.
The script combines volume spikes, volatility anomalies, and price structure breaks to signal "fractures" โ points where the market temporarily breaks its behavior, often followed by strong reversals or trend accelerations.
Detection logic in the script:
Volume spike greater than 2x the average (adjustable)
Volatility spike: candle range is > 1.5x the average
Extreme wicks: wick is larger than the candle body (a classic trap signal)
Structure break: price breaks previous high/low but closes back within the old range
Combine these elements โ a โfractureโ is marked
Visual representation:
Red background = potential bull trap (fake breakout to the upside)
Green background = potential bear trap (fake breakdown to the downside)
A label appears at each fracture: โEchoโ with the number of previous hits
Ideal use cases:
Intraday trading (1m, 5m, 15m)
Crypto, indices, futures, and forex
Detecting reactive zones where the market takes a false direction
Confluence with S/R zones, order blocks, or liquidity pools
Fully customizable:
Volume and range sensitivity
Heatmap intensity
Toggle labels on/off
Note:
This script is intended to support discretionary analysis. It does not provide buy or sell signals and is not an automated strategy. Combine it with your own price action or order flow setup for optimal results.
Wick Sweep EntriesWick Sweep Entry designed by Finweal Finance (Indicator Originator : Prajyot Mahajan) :
This Indicator is specially designed for Nifty, Sensex and Banknifty Options Buying. This works well on Expiry Days.
Setup Timeframe : 5m and 1m.
Entry Criteria :
For Long/CE :
Wait for Sweep of 5m Candle Low with next 5m Candle but you do not wait for the next 5 minute candle to close, you enter directly whenever any 1 minute candle of next 5minute candle to close above the low of previous 5m Candle.
For Short/PE :
Wait for Sweep of 5m Candle High with next 5m Candle but you do not wait for the next 5 minute candle to close, you enter directly whenever any 1 minute candle of next 5minute candle to close below the High of previous 5m Candle.
Key notes :
1. As this is the Scalping High Frequency Strategy, it is to be used for scalping purpose only. You might have losses too so to avoid the noise in the market, i suggest you to use this strategy in the first 45 minutes to 1 hour of Indian Markets as this is a volatility Strategy.
2. Although Nifty and Banknifty are independent indices, they still show some reactions with each other, so if you spot a long entry on BNF and Short Entry on nifty then you will avoid taking the trade, you will take the trade only if there is a tandem activity or At least the other index is not showing opposite signal.
3. If target is not hit and you spot another entry, you will avoid taking the new entry.
The Indicator will automatically spot/plot the entry signal, all you need to do is enter as soon as 1minute candle closes either below prior 5 minute candle High for Short/PE or closes above 5minute low for Long/CE.
For Targets :
You Can Target recent minor pull back, FVG, or Order blocks.
Remember : This is a scalping strategy so don't hold trade for more than 4/5 1minute Candles
Volumatic Trend [ChartPrime]
A unique trend-following indicator that blends trend logic with volume visualization, offering a dynamic view of market momentum and activity. It automatically detects trend shifts and paints volume histograms at key levels, allowing traders to easily spot strength or weakness within trends.
โฏ KEY FEATURES
Trend Detection System:
Uses a custom combination of weighted EMA (swma) and regular EMA to detect trend direction.
A diamond appears on trend shift, indicating the starting point of a new bullish or bearish phase.
Volume Histogram Zones:
At each new trend, the indicator draws two horizontal zones (top and bottom) and visualizes volume activity within that trend using dynamic histogram candles.
Gradient-Based Candle Coloring:
Candle color is blended with a gradient based on volume intensity. This helps highlight where volume spikes occurred, making it easy to identify pressure points.
Volume Summary Labels:
A label at the end of each trend zone displays two critical values:
- Delta: net volume difference between bullish and bearish bars.
- Total: overall volume accumulated during the trend.
โฏ HOW TO USE
Monitor diamond markers to identify when a new trend begins.
Use volume histogram spikes to assess if the trend is supported by strong volume or lacking participation.
A high delta with strong total volume in a trend indicates institutional support.
Compare gradient strength of candlesโbrighter areas represent higher-volume trading activity.
Can be used alone or combined with other confirmation tools like structure breaks, liquidity sweeps, or order blocks.
โฏ CONCLUSION
Volumatic Trend gives you more than just trend directionโit provides insight into the force behind it. With volume-graded candles and real-time histogram overlays, traders can instantly assess whether a trend is backed by conviction or fading strength. A perfect tool for swing traders and intraday strategists looking to add volume context to their directional setups.
cd_mtg_CxThis indicator is designed to show discount / premium zones and price gaps (fvg) on the screen within a rule.
Overview:
As it is known, the price continues its movement with swings and uses some zones to continue or reverse its movement. Commonly used of these zones are named by different traders such as supply / demand, order block, suport/ resistance zone. And again, many traders prefer to be involved in the entry when the price determined with the help of market structure reaches the premium / discount zones.
Expectation from the indicator and how it works:
Identify areas where the price is likely to react.
Zones to be determined for this purpose:
1- Discount / premium zones
2- Mitigation zones with price retesting
3- Price gaps (FVG's)
How is it determined?
1- Tracks the price in the higher timeframe it is alignment with, when the price violates the previous candle in the new candle (high/low), the previous candle's zones between top/bottom - middle levels.
high - middle => premium zone
low - middle => discount zone
and displays it on the screen.
2- Mitigation zones: When the price retests the discount/premium zones, those zones appear on the screen by extending to the last bar and are named as mitigation zones in the indicator.
3- Price gaps (FVG's): It is shown on the screen with known rules and higher time frame option.
Zones where the price does not respect are deleted from the display.
Settings:
- HTF for mitigation zones : Alignment high time frame selection
- HTF for FVG zones : Alignment high time frame selection
- Show HTF boxes : Show / hide
- Show Mitigation zones : Show / hide
- Show Discount/Premium zones: Show / hide
- Show FVG zones : Show / hide
And colorsโฆ.
Screenshots and example :
The 15m chart is open on the screen and I select the alignment time zone H4. I select the higher time zone H1 in FVGs.
Screenshot with Show HTF boxes and Show FVG zones selected:
With show discount / premium zones selected :
With show mitigation zones selected :
Final Word : When the price comes to our zone, we take action together with other confirmations.
Our expectation from the zones is to send the price back to the region it came from.
If it is not successful, we should plan a reverse transaction.
Cheerful trades...
-- Tรผrkรงe Aรงฤฑklama
Bu indikatรถr, bir kural dahilinde ucuzluk / pahalฤฑlฤฑk bรถlgelerini ve fiyat boลluklarฤฑnฤฑ (fvg) ekranda gรถstermek ve traderlara en uygun yerde iลlem fฤฑrsatฤฑ sunmak รผzere tasarlanmฤฑลtฤฑr.
Genel Bakฤฑล :
Bilindiฤi gibi fiyat hareketine salฤฑnฤฑmlarla devam eder ve hareketine devam etmek ya da tersine dรถnmek iรงin bazฤฑ bรถlgeleri kullanฤฑr. Bu bรถlgelerin yaygฤฑn ลekilde kullanฤฑlanlarฤฑ supply / demand, order block , support /resistance zone gibi farklฤฑ ekollerce adlandฤฑrฤฑlmฤฑลtฤฑr. Ve yine birรงok trader market yapฤฑsฤฑ yardฤฑmla belirlediฤi fiyatฤฑn ucuzluk / pahalฤฑlฤฑk bรถlgelerine gelmesiyle iลleme dahil olmayฤฑ tercih eder.
ฤฐndikatรถrden beklenti ve nasฤฑl รงalฤฑลฤฑr:
Beklenti; Fiyatฤฑn tepki almasฤฑ muhtemel bรถlgeleri belirlemesidir.
Bu amaรงla belirleyeceฤi bรถlgeler:
1- Ucuzluk / pahalฤฑlฤฑk bรถlgeleri
2- Fiyatฤฑn tekrar test etmesiyle โmitigasyon bรถlgeleri/mitigeโ
3- Fiyat boลluklarฤฑ (FVG ler)
Nasฤฑl belirler ?
1- Fiyatฤฑ uyumlu olduฤu รผst zaman diliminde takip eder, fiyat yeni mumda bir รถnceki mumu ihlal ettiฤinde (high/low), รถnceki mumun tepe/dip - orta seviyeleri arasฤฑnda kalan bรถlgeleri
high - middle => premium zone
low - middle => discount zone
olarak belirler ve ekranda gรถsterir.
2- Mitigasyon bรถlgesi: Fiyat ucuzluk/ pahalฤฑlฤฑk bรถlgeleri yeniden test ettiฤinde, o bรถlgeler son bara uzatฤฑlarak ekranda gรถrรผnรผr ve indikatรถrde ismi โmitigation zoneโ olarak geรงer.
3- Fiyat boลluklarฤฑ (FVG) : Bilinen kurallarla ve รผst zaman dilimi seรงeneฤiyle ekranda gรถsterilir.
Fiyatฤฑn saygฤฑ gรถstermediฤi bรถlgeler ekrandan silinir.
Ayarlar:
- HTF for mitigation zones : Uyumlu รผst zaman dilimi seรงimi
- HTF for FVG zones : Uyumlu รผst zaman dilimi seรงimi
Gรถsterim ve renk seรงenekleri.
Ekran gรถrรผntรผleri ve รถrnek : (ฤฐngilizce kฤฑsฤฑmda)
Son sรถz : Fiyat bรถlgemize geldiฤinde diฤer konfirmelerle birlikte iลlem alฤฑyoruz.
Bรถlgelerden beklentimiz fiyatฤฑ geldiฤi bรถlgeye tekrar gรถndermesidir.
Eฤer baลarฤฑlฤฑ olamazsa tersi yรถnde iลlem planlamalฤฑyฤฑz.
Neลeli tradeler...
STRAW Volume Spike IndicatorThis is basically a:
High-Volume Impulse Detector
The High-Volume Impulse Detector is a refined tool designed to highlight key moments of explosive volume surges in the market, specifically calibrated for assets like Bitcoin on the 15-minute timeframe. Unlike generic volume-based indicators, this script doesnโt just flag high volumeโit intelligently adapts to market dynamics by incorporating a custom-moving average baseline and highlighting instances where volume exceeds a significant threshold relative to the average.
Key Features
โ
Adaptive Volume Benchmark โ Uses a dynamic moving average to filter out noise and pinpoint meaningful volume spikes.
โ
Impulse Confirmation โ Only highlights volume bars that exceed the 50% threshold above the baseline, ensuring signals capture real liquidity shifts.
โ
Smart Color Coding โ Differentiates high-impact bullish and bearish volume with distinct visual cues for easy market structure identification.
โ
Designed for Order Block Traders โ Helps validate liquidity-driven price movements essential for refining order block and break-of-structure strategies.
Unlike conventional volume overlays, this tool helps traders connect volume surges to key structural shifts, making it an ideal companion for those navigating momentum shifts, market inefficiencies, and institutional footprints.
โก Best used on BTC 15m for tracking aggressive volume-driven moves in real-time.
US30 Q4_trade _levels_Jan2025updated description and use
US30 Trade Levels.plus 50% take profit levels
this indicator is based on the US30 quarterly theory level strategy
the difference here is that the zones have been zoom'd out for the H2 view for oversight and M30 as application theory to the Q4 levels.
The Q4 levels are spaced and calculated 385 pips apart, and also span within the daily ADR range for US30.
so these are zones that has proven to be valid going back as far as Nov2022
these are pass through levels, to together with other confluences like order blocks and or breaker blocks, will give you a guideline as to expect a valid zone of interest.
USE this indicator in conjunction with an SMC point of view to identify OB & CHOCH
Magic Candles PRO [MW]The Magic Candles indicator provides users with low risk/high reward entries on small candles with big volume. It uses calculations that uniquely define high volume/low price movement (volume hammer) candles and engulfing pattern candles. In theory, measuring a volume hammer candle seems relatively simple, but it is in the definition of high and low with respect to volume and price movement, and with respect to each other that requires a novel method of defining the relationship. The definition that is ultimately used gives users the ability to identify candles that typically precede large price movements, because the volume necessary to drive the price exists by definition even though it is not reflected in the size of the current candle.
Similarly, engulfing candle patterns are useful because they show an acceleration of price movement from the previous candle. The difficulty in calculating engulfing candles, as with volume hammer candles, is in the interpretation of candle size, or โengulfingโ. In many cases, engulfing simply means that a candle has reversed direction from the previous candle, and the body of the previous candle sits between the open and close of the new candle. Sometimes wicks are used, sometimes they arenโt. Our differentiation is that we allow the user to change โengulfingโ to their preference, so that it can include candle bodies, full candles, dojis, and candle patterns where the body of the previous candle is not necessarily in between the open and close of the new candle. It also uses a double stochastic calculation on ATRs that filter out engulfing candles that may not be as meaningful.
Settings
Volume Hammer Candles
ATR Period: The ATR period that is used to compare the candle size against. (Default: 5)
Candle Portion to Use: The candle size can be defined as just the body, or the entire candle. (Default: Candle Body)
Volume Absorption Threshold: The threshold for the volume ratio relative to the candle size ratio. (Default: 4.5)
Volume ATR Period: The ATR period that is used to compare the volume against. (Default: 3)
3 Consecutive Volume increases and 3 Bullish Candles: (Default: ON)
3 Consecutive Volume Increases and 3 Bearish Candles: (Default: ON)
2 Consecutive Volume increases Prior to Current Candle: (Default: ON)
Engulfing Pattern Candles
Show Engulfing Candles: (Default: ON)
Include Candle Wicks in Calculation: (Default: ON)
Show Bullish Candles: (Default: ON)
Show Bearish Candles: (Default: ON)
Use Dojis for Reversed Candles: Typically engulfing candles are compared against candles that are in the opposite direction of the new candle. However, dojis, or candles with small candle bodies and relatively large wicks, can be optionally used to measure against. (Default: OFF)
ATR Period 1: We use 2 levels of stochastic calculation to compare against in order to determine if an engulfing candle is valid. This is the shorter period ATR. (Default: 14)
ATR Period 2: The 2nd of 2 ATR periods used in a 2-level stochastic calculation thatโs used to evaluate valid engulfing candles. (Default: 21)
Stochastic Period: The Stochastic Period used for both levels of ATR calculations. (Default: 14)
Smoothing: The period used to โsmoothโ the stochastic curves. (Default: 3)
Calculations
This indicator uses a comparison between relative volume (raw volume compared to its average true range) and relative price action as determined by candle size (specifically, candle size compared to the average true range of the candle size). The ratio between the relative volume and relative price action are compared as a ratio. Once that ratio hits a defined threshold a signal is generated in the form of a bright yellow bar, which we refer to as a โvolume hammerโ, because of the heavy volume acting on an unmoving object (price).
The indicator also identifies engulfing candle patterns by
Determining the candle body size or full candle size.
Checking to see if there was a reversal of direction, or checking to see if the first candle was a doji (small body with relatively large wicks).
Calculating the stochastic ATR patterns across two periods in order to normalize the ATR behavior for comparison.
Calculating the delta between those stochastic ATRs
Calculating the stochastic patterns of the delta between the stochastic ATRs to add further sensitivity to the comparison between candles.
How to Use
Volume Hammer
When a bright yellow bar appears in the lower window it means that the ratio of relative volume to relative price movement is very high, which indicates that a volatile move will occur within the next candle or so. In this scenario using a small risk that is not much larger than the candle itself can be paired with a large reward/risk ratio when setting a take profit target.
For example, if the body of a candle has a range of less than $0.02 and the full candle is less than $0.10 in range, then a $0.10 stop can be used with the expectation that the large volume will generate a volatile move in one direction or the other. The expected move is generally 3x the size of the full candle, but typically more.
Sometimes, however, that 3x move will reverse and turn into even a larger move in the opposite direction if a key support or resistance level is hit. So, it is very useful to use this indicator with a tool that can identify key support/demand zones and resistance/supply zones such as the Magic Order Blocks or QQQ and SPY Price Levels for equities based on the NASDAQ and S&P 500. It can also be combined with indicators that provide upper and lower bounds like Magic Linear Regression Channel , ATR Bands (Keltner Channel) Wick and SRSI Signals , and/or Bollinger Band Wick and SRSI Signals .
Additionally, the bright yellow candles have color-coded indicators that reflect the behavior of preceding volume behavior.
- Orange Dot - 3 consecutive candles of increasing volume
- Green Dot - 3 consecutive candles of increasing volume with a bullish candle pattern
- Red Dot - 3 consecutive candles of increasing volume with a bearish candle pattern
- Blue Dot - 2 consecutive candles of increasing volume followed by a candle with volume that is greater than the starting candle.
These only reflect the volume and candle pattern. They can provide insight, but should not be used as buy or sell signals, especially when encountered at key price levels.
Engulfing Candle Pattern
Frequently, the bright yellow bar in the lower window will be followed by an engulfing candle in the main chart. Engulfing candle patterns can themselves be useful on their own in a market that is not highly volatile. They tend to be indicative of price reversals, or trend continuations following consolidation. Following an engulfing candle, risk can be set at the โfar endโ of the candle with the expectation that if it does accurately define the direction, then the price will be less likely to go back to the candleโs starting price.
Other Usage Notes and Limitations
Occasionally a large gray bar will appear that is above the relative volume to relative candle size threshold. This indicates that although there is little price movement when compared to the volume, the actual volume is trailing off. This could lead to a quick move in a bullish or bearish direction, but it potentially would not be as sustained as in the case where volume has been consistently rising.
There are also faded yellow bars that appear when volume is increasing when the relative price movement is small. However, when the ratio of the relative volume is not large enough when compared to the price movement (i.e. it does not meet the threshold requirement) its color remains a dim yellow color.
It's important for traders to be aware of the limitations of any indicator and to use them as part of a broader, well-rounded trading strategy that includes risk management, fundamental analysis, and other tools that can help with reducing false signals, determining trend direction, and providing additional confirmation for a trade decision. Diversifying strategies and not relying solely on one type of indicator or analysis can help mitigate some of these risks.
Advanced Volume-Driven Breakout SignalsThe "Advanced Volume-Driven Breakout Signals" indicator is a cutting-edge tool designed to help traders identify high-potential trading opportunities through sophisticated volume analysis techniques. This indicator integrates volume flow analysis, moving averages, and Relative Volume (RVOL) to provide a comprehensive view of market conditions, going beyond traditional Volume Spread Analysis (VSA) methods.
Key Features:
Volume Flow Analysis: Distinguishes bullish and bearish volume flows with distinct colors, making it easier to visualize market sentiment and potential breakout points.
Volume Flow Moving Averages: Calculates moving averages for volume using various methods (SMA, EMA, WMA, HMA, VWMA), accommodating different trading strategies. This includes settings for adjusting the type of moving average and its period, as well as thresholds for high, medium, and low volume levels.
Volume Spikes Detection: Identifies significant volume spikes based on user-defined multipliers and moving averages, highlighting unusual trading activity.
Volume MA Cloud Settings: Computes general moving averages of volume to track trends and detect deviations. This feature includes options to select different moving average types and adjust thresholds for detecting high volume activity.
Relative Volume (RVOL): Measures current volume relative to historical averages, triggering signals when RVOL exceeds predefined thresholds, indicating notable changes in trading activity.
Entry Conditions: Provides clear long and short entry signals based on combined volume flow conditions and RVOL, offering actionable trading opportunities.
Volume Visualization:
โ Bullish Volume Flow: Light and dark green bars indicate bullish volume flow.
โ Bearish Volume Flow: Light and dark red bars denote bearish volume flow.
โ High Volume Bars: Highlighted in yellow, and extreme volume bars in orange for additional context. These bars are plotted for visual aid and do not directly influence trade signals, focusing instead on the quality and strength of the volume flow.
Alerts: Allows users to create alert notifications for long and short entry signals when the criteria are met, enabling traders to respond promptly to trading opportunities.
Usage:
Overlay: Apply the indicator directly to your price chart to visualise real-time signals and volume conditions.
Customisable: Adjust settings for moving averages, RVOL, and other parameters to match your trading strategy and preferences.
Comparison to VSA Scripts: The "Advanced Volume-Driven Breakout Signals" indicator extends beyond traditional VSA scripts by incorporating a wider range of analytical features. While VSA primarily focuses on volume spread patterns and price action, this indicator offers enhanced functionality with advanced RVOL metrics, customizable moving averages, and detailed volume spike detection, making it a more versatile tool for identifying breakout opportunities and managing trades. It is particularly effective when used alongside key levels and order blocks.
Acknowledgements: Special thanks to @oh92 and @goofoffgoose for their invaluable scripts, which served as inspiration in the development of this advanced trading indicator.
Notes: The script is continually evolving, with ongoing refinements aimed at enhancing accuracy and performance.
HTF Multi Candles DisplayHTF Multi Candles Display
Description
The HTF Multi Candles Display is a powerful and versatile indicator that overlays higher timeframe (HTF) candles on your current chart, providing traders with a comprehensive multi-timeframe analysis tool in a single view. This indicator is particularly valuable for traders who employ strategies that rely on higher timeframe context, such as the Power of Three strategy, Turtle Soup, Candle Range Theory (CRT), and Inner Circle Trader (ICT) concepts like Price Delivery (PD) arrays.
> **Notice**: If you find this indicator beneficial for your trading, I would greatly appreciate any contribution in the form of TradingView Coins. Thank you for your support!
Key Features
1. Displays up to 5 higher timeframe candles
2. Customizable higher timeframe selection (5m to Monthly)
3. Adjustable candle appearance (colors, wicks, width)
4. Time labels for easy reference
5. Optional vertical lines to separate HTF candles
6. Offset adjustment to position candles away from the chart edge
7. Customizable wick and border colors
8. Flexible vertical line styles (solid, dashed, dotted)
9. Adjustable time label font sizes
How it Helps Traders
### 1. Multi-timeframe Analysis
By overlaying higher timeframe candles on your current chart, this indicator allows you to easily identify key levels, trends, and potential reversal points across different timeframes without switching between multiple charts.
### 2. Power of Three Strategy
This indicator is invaluable for traders using the Inner Circle Trader (ICT) Power of Three strategy, which focuses on accumulation, manipulation, and distribution phases. The higher timeframe candles help identify these phases more accurately, allowing for better trade entries and exits:
- Accumulation: Identify periods of sideways price action on higher timeframes.
- Manipulation: Spot false breakouts or breakdowns on lower timeframes that are contained within higher timeframe ranges.
- Distribution: Recognize when price is approaching significant higher timeframe levels where smart money may begin to distribute.
### 3. Turtle Soup
Traders can use this indicator to spot potential Turtle Soup setups by identifying key breakout levels on higher timeframes and comparing them to current price action. This helps in:
- Identifying false breakouts that may lead to Turtle Soup trade opportunities.
- Confirming the validity of breakouts by comparing lower timeframe momentum to higher timeframe structure.
### 4. Candle Range Theory (CRT)
This indicator is extremely useful for traders applying Candle Range Theory. CRT focuses on the relationship between the current candle's range and the previous candle's range. By displaying higher timeframe candles, traders can:
- Easily compare candle ranges across multiple timeframes.
- Identify potential breakout or breakdown levels based on the previous HTF candle's range.
- Spot instances where the current lower timeframe price action is testing or breaking significant HTF candle ranges.
- Recognize potential reversal points where price reaches the extremes of higher timeframe candle ranges.
### 5. Support and Resistance
Higher timeframe candles often represent significant support and resistance levels. This indicator makes it easy to spot these levels and incorporate them into your trading decisions, allowing you to:
- Identify key support and resistance levels from higher timeframes.
- Anticipate potential price reactions at these levels on your current timeframe.
- Plan entries, exits, and stop-loss placement with greater precision.
### 6. Trend Identification
By displaying multiple HTF candles, traders can quickly assess the overall trend direction on higher timeframes, helping to align trades with the broader market direction:
- Easily visualize the trend on higher timeframes without changing your chart.
- Identify potential trend changes or continuations based on HTF candle patterns.
- Align your trades with the higher timeframe trend for potentially higher probability setups.
### 7. Enhanced Decision Making
The combination of current timeframe price action and higher timeframe context allows for more informed decision-making, potentially improving trade quality and risk management:
- Validate trade setups by ensuring they align with higher timeframe structure.
- Avoid low-probability trades that conflict with higher timeframe trends or key levels.
- Adjust position sizing based on the proximity to significant HTF levels.
### 8. Time Efficiency
Instead of constantly switching between timeframes, traders can view all necessary information on a single chart, streamlining their analysis process:
- Reduce the time spent switching between multiple charts.
- Quickly assess market conditions across various timeframes.
- Improve focus by having all relevant information in one view.
### 9. ICT Price Delivery (PD) Arrays
The HTF Multi Candles Display is particularly useful for traders familiar with Inner Circle Trader (ICT) concepts, especially in identifying Price Delivery (PD) arrays:
- Visualize potential PD arrays across multiple timeframes without switching charts.
- Identify key swing highs and lows that form PD array structures.
- Recognize patterns such as Breaker Blocks, Inefficient Price Points, and Fair Value Gaps more easily on higher timeframes.
- Spot potential areas where smart money might be accumulating or distributing by analyzing the relationship between HTF candles.
- Use the series of HTF candles to identify potential Order Blocks, which are often key components of PD arrays.
- Recognize Mitigation Points and Liquidity Voids more effectively by analyzing the structure of multiple HTF candles.
By displaying a series of HTF candles, this indicator allows traders to more easily identify and validate ICT concepts like PD arrays, enhancing their ability to spot high-probability trading opportunities and potential market turning points.
Conclusion
The HTF Multi Candles Display indicator is suitable for traders of all levels, from beginners looking to understand market structure across timeframes to experienced traders refining their multi-timeframe analysis techniques. Whether you're day trading, swing trading, or looking for longer-term positions, this indicator provides valuable insights to enhance your trading strategy.
By incorporating higher timeframe context into your analysis, you can make more informed trading decisions, identify high-probability setups, and potentially improve your overall trading performance. The HTF Multi Candles Display is a versatile tool that adapts to various trading strategies and helps traders gain a deeper understanding of market dynamics across multiple timeframes, including advanced concepts like ICT Price Delivery arrays.
Harmonic Patterns Library [TradingFinder]๐ต Introduction
Harmonic patterns blend geometric shapes with Fibonacci numbers, making these numbers fundamental to understanding the patterns.
One person who has done a lot of research on harmonic patterns is Scott Carney.Scott Carney's research on harmonic patterns in technical analysis focuses on precise price structures based on Fibonacci ratios to identify market reversals.
Key patterns include the Gartley, Bat, Butterfly, and Crab, each with specific alignment criteria. These patterns help traders anticipate potential market turning points and make informed trading decisions, enhancing the predictability of technical analysis.
๐ฃ Understanding 5-Point Harmonic Patterns
In the current library version, you can easily draw and customize most XABCD patterns. These patterns often form M or W shapes, or a combination of both. By calculating the Fibonacci ratios between key points, you can estimate potential price movements.
All five-point patterns share a similar structure, differing only in line lengths and Fibonacci ratios. Learning one pattern simplifies understanding others.
๐ฃ Exploring the Gartley Pattern
The Gartley pattern appears in both bullish (M shape) and bearish (W shape) forms. In the bullish Gartley, point X is below point D, and point A surpasses point C. Point D marks the start of a strong upward trend, making it an optimal point to place a buy order.
The bearish Gartley mirrors the bullish pattern with inverted Fibonacci ratios. In this scenario, point D indicates the start of a significant price drop. Traders can place sell orders at this point and buy at lower prices for profit in two-way markets.
๐ฃ Analyzing the Butterfly Pattern
The Butterfly pattern also manifests in bullish (M shape) and bearish (W shape) forms. It resembles the Gartley pattern but with point D lower than point X in the bullish version.
The Butterfly pattern involves deeper price corrections than the Gartley, leading to more significant price fluctuations. Point D in the bullish Butterfly indicates the beginning of a sharp price rise, making it an entry point for buy orders.
The bearish Butterfly has inverted Fibonacci ratios, with point D marking the start of a sharp price decline, ideal for sell orders followed by buying at lower prices in two-way markets.
๐ฃ Insights into the Bat Pattern
The Bat pattern, appearing in bullish (M shape) and bearish (W shape) forms, is one of the most precise harmonic patterns. It closely resembles the Butterfly and Gartley patterns, differing mainly in Fibonacci levels.
The bearish Bat pattern shares the Fibonacci ratios with the bullish Bat, with an inverted structure. Point D in the bearish Bat marks the start of a significant price drop, suitable for sell orders followed by buying at lower prices for profit.
๐ฃ The Crab Pattern Explained
The Crab pattern, found in both bullish (M shape) and bearish (W shape) forms, is highly favored by analysts. Discovered in 2000, the Crab pattern features a larger final wave correction compared to other harmonic patterns.
The bearish Crab shares Fibonacci ratios with the bullish version but in an inverted form. Point D in the bearish Crab signifies the start of a sharp price decline, making it an ideal point for sell orders followed by buying at lower prices for profitable trades.
๐ฃ Understanding the Shark Pattern
The Shark pattern appears in bullish (M shape) and bearish (W shape) forms. It differs from previous patterns as point C in the bullish Shark surpasses point A, with unique level measurements.
The bearish Shark pattern mirrors the Fibonacci ratios of the bullish Shark but is inverted. Point D in the bearish Shark indicates the start of a sharp price drop, ideal for placing sell orders and buying at lower prices to capitalize on the pattern.
๐ฃ The Cypher Pattern Overview
The Cypher pattern is another that appears in both bullish (M shape) and bearish (W shape) forms. It resembles the Shark pattern, with point C in the bullish Cypher extending beyond point A, and point D forming within the XA line.
The bearish Cypher shares the Fibonacci ratios with the bullish Cypher but in an inverted structure. Point D in the bearish Cypher marks the start of a significant price drop, perfect for sell orders followed by buying at lower prices.
๐ฃ Introducing the Nen-Star Pattern
The Nen-Star pattern appears in both bullish (M shape) and bearish (W shape) forms. In the bullish Nen-Star, point C extends beyond point A, and point D, the final point, forms outside the XA line, making CD the longest wave.
The bearish Nen-Star has inverted Fibonacci ratios, with point D indicating the start of a significant price drop. Traders can place sell orders at point D and buy at lower prices to profit from this pattern in two-way markets.
The 5-point harmonic patterns, commonly referred to as XABCD patterns, are specific geometric price structures identified in financial markets. These patterns are used by traders to predict potential price movements based on historical price data and Fibonacci retracement levels.
Here are the main 5-point harmonic patterns :
Gartley Pattern
Anti-Gartley Pattern
Bat Pattern
Anti-Bat Pattern
Alternate Bat Pattern
Butterfly Pattern
Anti-Butterfly Pattern
Crab Pattern
Anti-Crab Pattern
Deep Crab Pattern
Shark Pattern
Anti- Shark Pattern
Anti Alternate Shark Pattern
Cypher Pattern
Anti-Cypher Pattern
โ
๐ต How to Use
To add "Order Block Refiner Library", you must first add the following code to your script.
import TFlab/Harmonic_Chart_Pattern_Library_TradingFinder/1 as HP
๐ฃ Parameters
XABCD(Name, Type, Show, Color, LineWidth, LabelSize, ShVF, FLPC, FLPCPeriod, Pivot, ABXAmin, ABXAmax, BCABmin, BCABmax, CDBCmin, CDBCmax, CDXAmin, CDXAmax) =>
Parameters:
Name (string)
Type (string)
Show (bool)
Color (color)
LineWidth (int)
LabelSize (string)
ShVF (bool)
FLPC (bool)
FLPCPeriod (int)
Pivot (int)
ABXAmin (float)
ABXAmax (float)
BCABmin (float)
BCABmax (float)
CDBCmin (float)
CDBCmax (float)
CDXAmin (float)
CDXAmax (float)
๐ฃ Genaral Parameters
Name : The name of the pattern.
Type: Enter "Bullish" to draw a Bullish pattern and "Bearish" to draw an Bearish pattern.
Show : Enter "true" to display the template and "false" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
๐ฃ Logical Parameters
ShVF : If this parameter is on "true" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "false" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
FLPC : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the lateest pattern seeing and a sharp reduction in reward to risk.
FLPCPeriod : Using this parameter you can determine that the last pivot is based on Pivot period.
Pivot : You need to determine the period of the zigzag indicator. This factor is the most important parameter in pattern recognition.
ABXAmin : Minimum retracement of "AB" line compared to "XA" line.
ABXAmax : Maximum retracement of "AB" line compared to "XA" line.
BCABmin : Minimum retracement of "BC" line compared to "AB" line.
BCABmax : Maximum retracement of "BC" line compared to "AB" line.
CDBCmin : Minimum retracement of "CD" line compared to "BC" line.
CDBCmax : Maximum retracement of "CD" line compared to "BC" line.
CDXAmin : Minimum retracement of "CD" line compared to "XA" line.
CDXAmax : Maximum retracement of "CD" line compared to "XA" line.
๐ฃ Function Outputs
This library has two outputs. The first output is related to the alert of the formation of a new pattern. And the second output is related to the formation of the candlestick pattern and you can draw it using the "plotshape" tool.
Candle Confirmation Logic :
Example :
import TFlab/Harmonic_Chart_Pattern_Library_TradingFinder/1 as HP
PP = input.int(3, 'ZigZag Pivot Period')
ShowBull = input.bool(true, 'Show Bullish Pattern')
ShowBear = input.bool(true, 'Show Bearish Pattern')
ColorBull = input.color(#0609bb, 'Color Bullish Pattern')
ColorBear = input.color(#0609bb, 'Color Bearish Pattern')
LineWidth = input.int(1 , 'Width Line')
LabelSize = input.string(size.small , 'Label size' , options = )
ShVF = input.bool(false , 'Show Valid Format')
FLPC = input.bool(false , 'Show Formation Last Pivot Confirm')
FLPCPeriod =input.int(2, 'Period of Formation Last Pivot')
//Call function
= HP.XABCD('Bullish Bat', 'Bullish', ShowBull, ColorBull , LineWidth, LabelSize ,ShVF, FLPC, FLPCPeriod, PP, 0.382, 0.50, 0.382, 0.886, 1.618, 2.618, 0.85, 0.9)
= HP.XABCD('Bearish Bat', 'Bearish', ShowBear, ColorBear , LineWidth, LabelSize ,ShVF, FLPC, FLPCPeriod, PP, 0.382, 0.50, 0.382, 0.886, 1.618, 2.618, 0.85, 0.9)
//Alert
if BearAlert
alert('Bearish Harmonic')
if BullAlert
alert('Bulish Harmonic')
//CandleStick Confirm
plotshape(BearCandleConfirm, style = shape.arrowdown, color = color.red)
plotshape(BullCandleConfirm, style = shape.arrowup, color = color.green, location = location.belowbar )
ICSM (Impulse-Correction & SCOB Mapper) [WinWorld]DESCRIPTION
ICSM (Impulse-Correction SCOB Mapper) is the indicator that analyzes the price movement and identifies valid impulses, corrections and SCOBs. It is a powerful tool that can be used with any type of technical analysis because it's flexible, informative, easy to use and it does substantially improve trader's awareness of the most liquid zones of interest.
SETTINGS
General | Visuals
Colour theme โ defines the colour theme of the ICSM.
SCOB | Visuals
Show SCOB โ enables/disables SCOB;
Mark SCOB with โ represents a list of style options for SCOB representation;
SCOB colour โ defines the colour of the SCOB;
ICM | Visuals
Show ICM lines โ enables/disables ICM (Impulse-Correction Mapper) lines;
Show IC trend โ enables/disables visualization of impulse-correction trend via coloured divider at the bottom of the chart;
Line colour โ defines the colour of the ICM lines;
Line style โ defines the style of the ICM lines;
Alerts
ICM โ enables/disables alert for breaking ICM lines;
SCOB โ enables/disables alert for SCOB creation;
ICM+SCOB โ enables/disables alert for SCOB occurance at the end of the single impulse/correction, which grabs ICM line's liquidity.
ICM+SCOB (same candle) โ enables/disables alert for SCOB occurance at the candle, which grabs ICM line's liquidity.
IMPORTANT CONCEPTS
In order to fully understand what ICSM can do, let's do a quick overview of the most important concepts that this indicator is built on.
By ICM we mean the liquidity grabbing of Impulse-Correction Mapper's lines (ICM lines; represented as dashed horizontal lines on the chart ). Saying shortly, liquidity grabs of ICM lines posses great opportunities for finding great entries.
SCOB (Single Candle Order Block) builds up by 3 simple rules:
Previous candle's liquidity is grabbed;
Current candle closes inside previous candle;
Imbalance occurs on the next candle.
SCOB is a quite useful zone of interest, from which the price usually reverses. You can also use SCOB as POI* on HTF** or as entry zone on LTF***.
* POI โ Point Of Interest
* HTF โ Higher TimeFrame
* LTF โ Lower TimeFrame
"ICM+SCOB" is a short name that we use for event, at which price first grabs the liquidity from ICM line and then creates a SCOB at the same impulse/correction movement ( on the same ICM line, that does the liquidity grab ). Usually the SCOB that occurs after this event represents a highly liquid zone of interest , which should be considered when choosing entry level.
"ICM+SCOB (same candle)" is basically the same as "ICM+SCOB" event but with one major difference โ the candle, which grabs the liquidity of ICM line, is also the candle at which the SCOB occurs, making such SCOB an even better zone of interest than a regular SCOB from ICM+SCOB event.
BIGGEST ADVANTAGES
ICSM precisely identifies impulses and corrections. Huge load of indicators on the TradingView does only show the simplest zones of interests, while ICSM uses our team's signature algorithms to precisely identify true impulses and corrections in the market, allowing traders to see both local and global price direction better and at the same time providing traders with the most liquid zones of interest;
ICSM shows points of interest and liquidity. The indicator identifies the nearest points of interest and zones, where the liquidity is concentrated, allowing you to find great entry and exit points for your trades;
ICSM has SCOB (Single Candle Order Block) detection function. ICM is packed with the extremely useful in SMC trading SCOB detetction feature, which allows you find even more solid points of interest;
ICSM has super minimalistic design, which contains only the things you really need. Your chart will not be overloaded with unnecessary information. You will only see clear points of interest, liquidity and price movement.
WHY SHOULD YOU USE IT?
As was said above, ICSM allows you to see the most profitable points and zones of interest, which professional SMC traders consider as one of the best in the market, because they are historically the areas from which the price bounces the most, allowing the smartest traders to get quick an clean profits with low drawdown.
In the ICSM indicator these zones are SCOB and ICM line liquidity grabs. By using these zones of interest to find entry points, you increase the chance to open a trade at the most lucrative price and reduce trading risks.
Considering what was said above, this indicator can help traders reduce drawdown risks and increase potential profits simply by showing the most liquid zones of interest, which are perfect for opening a trading position.
Here are some of the examples of how you leverage ICSM in your trading process:
Example of the short trade:
Price shows overall short trend. Trend liquidity is being formed.
Price grabs liduiqity from three ICM lines in a row and then creates a long SCOB at the end of 3rd liquidity grab.
SCOB, which occured at the end of ICM line, represents much stronger zone of interest than a regular SCOB. In this case it represents a zone, which we will use to find an entry.
The entry for the trade will be SCOB candle's low, stop-loss target should be put above SCOB candle's high. Our take-profit target is trend liquidity. See the screenshot above for better understanding.
โผ Now let's see the long trade example. โผ
Example of the long trade:
Price creates trend liquidity by showing equal highs ( EQH ).
Price grabs liduiqity from four ICM lines in a row and then creates a long SCOB at the end of 4th liquidity grab.
Again: SCOB, which occured at the end of ICM line, represents much stronger zone of interest than a regular SCOB. In this case it represents a zone, which we will use to find an entry.
The entry for the trade will be SCOB candle's high, stop-loss target should be put below SCOB candle's low. Our take-profit target is EQH. See the screenshot above for better understanding.
ALERTS
ICSM provides simple and easy alert customization, allwoing to choose only the alerts you want to receive. You can choose from the following alert options:
ICM โ impulse or correction liquidity grab;
SCOB โ SCOB is formed, wether or not the liquidity is grabbed from the impulse or correction;
SCOB+ICM โ SCOB is formed after grabbing the liquidity of the ICM line;
SCOB+ICM (same candle) โ SCOB is formed in the liquidity area of the impulse or correction.
HOW CAN I GET THE MOST OUT OF IT?
ICSM displays only the first liquidity of an impulse or correction, which matches the IDM (Inducement) in the Advanced SMC strategy . This strategy is completely covered in the World Class SMC indicator and is available for free for PDF in three parts.
You can also ICSM with any other strategy, because ICSM is a very flexible indicator and will help anyone improve their trading by making one aware of the high-quality liquidity on the chart.
Let's see how you can leverage ICSM with our World Class SMC indicator and other different strategies:
Example of the long & short trades with World Class SMC.
Long (1-3):
Price reached previous OB-EXT . This is the first sign for the potential price reversal;
ICM+SCOB happened after price reached OB-EXT;
After that, you can need to look for an entry on LTF. If you don't know how to do it, you can refer to our education materials.
Short (4-6):
Price reached OB-IDM , which is also a great sign for a potential upcoming price reversal;
ICM+SCOB occured after liquidity grab of the previous SCOB. This fact does strengthen the probability of the potential upcoming price reversal;
Now you need to switch to LTF and find an entry there.
Example of the short trade with simple Fibonacci retracement strategy.
Price grabs the liquidity of the ICM lines three times in a row, forming SCOB after the 3rd grab;
Price performs correctional move down without testing the SCOB, leaving no entry opportunity by our initial strategy, so we can add another strategy โ Fibonacci retracement from 0.618 level โ to our analysis in order to find an entry ;
We use Fibonacci grid with our initial strategy to find the best POI, that will align with the trend direction and will eventually become our entry point.
SUMMARY
ICSM is a unique indicator that indentifies zones and points of interests with high-quiality liquidity and can be both a stand-alone tool and can be integrated into any other strategy to increase the efficiency of analysis, accuracy of trading entries and reduce trading risks.
If you want to learn the SMC strategies that our team uses in our products, you can refer to our educational materials.
We hope that you will find a great use of ICSM and it will help you improve your perfomance as a trader. Best of luck, traders!
โ with love, WinWorld Team
