Pure Price Action Momentum OscillatorComplete Trading Guide: Pure Price Action Momentum Oscillator
1. Script Overview
What It Does
Tracks real-time momentum strength (bullish/bearish acceleration)
Identifies dynamic support/resistance zones for momentum (not price)
Alerts when momentum breaks or holds critical levels
What It Doesn’t Do
Predict long-term trends (use with trend indicators)
Replace price-based S/R levels (use alongside them)
Work well in extreme choppiness (adjust settings or avoid)
2. Key Features & Components
Feature Purpose Visual Cue
Momentum Histogram Shows strength/direction of price acceleration Color-coded bars
Zero Line Bullish/bearish momentum baseline Gray line (0 level)
Support Zone (Blue) Momentum floor where bounces happen Blue horizontal line
Resistance Zone (Orange) Momentum ceiling where pullbacks start Orange horizontal line
Stateful Alerts Persistent signals until conditions reverse Green/Red labels
3. Best Timeframes & Markets
Market Recommended Timeframe Notes
Stocks 5min - 1H Works best with high liquidity
Forex 15min - 4H Avoid during major news spikes
Crypto 1H - 4H Use with volume confirmation
Futures 5min - 1H Ideal for intraday momentum trades
❌ Avoid: Tick charts, <1min (too noisy), >Daily (loses sensitivity).
4. Confirmation Tools (Must-Use Combos)
A. Trend Confirmation
200 EMA (Price Chart)
Only trade longs if price > 200 EMA + momentum supports
Only trade shorts if price < 200 EMA + momentum confirms
ADX (14)
Use when ADX > 25 (strong trend) + momentum aligns
B. Volume Confirmation
Volume Profile
Enter longs only if momentum breaks resistance at high-volume nodes
VWAP
Buy pullbacks when momentum holds support and price is above VWAP
C. Price Structure
Fibonacci Retracements
Look for momentum breaks at 61.8% Fib levels for high-probability trades
Market Structure (Higher Lows/Lower Highs)
Momentum breakouts work best when price confirms trend
5. Trading Signals & Execution Rules
A. Breakout Trades (High Momentum)
Signal Conditions Action
Resistance Broken Histogram > Orange Zone + Price > Key S/R Enter Long
Support Broken Histogram < Blue Zone + Price < Key S/R Enter Short
Stop Loss:
Longs: 1 tick below nearest swing low
Shorts: 1 tick above nearest swing high
Take Profit:
Trail using the opposite zone (exit long when momentum drops below support)
B. Reversal Trades (Momentum Exhaustion)
Signal Conditions Action
Resistance Holding Histogram rejects Orange Zone + Bearish candle Short Entry
Support Holding Histogram bounces off Blue Zone + Bullish candle Long Entry
Stop Loss:
Beyond the recent swing high/low
Take Profit:
At next key S/R level
6. Advanced Interpretation
A. Divergence Trading
Hidden Bullish Divergence:
Price makes higher low, but momentum makes lower low → Potential reversal up
Hidden Bearish Divergence:
Price makes lower high, but momentum makes higher high → Potential reversal down
B. Session-Based Trading
London Open (3 AM EST): Watch for momentum breaks with volume surge
NY Midday (10 AM - 12 PM EST): Best for trend continuation
Crypto (UTC Midnight): Often sees volatility spikes
7. Risk Management & Position Sizing
Risk per trade: 1-2% of account
Leverage: ≤5x for intraday, ≤2x for swing
Avoid trading:
First 15 mins after major news
Low-volume periods (e.g., forex after 5 PM EST)
8. Pro Tips for Consistency
✅ Wait for Close: Don’t trade wicks, wait for candle close beyond zones.
✅ Combine with Price Action: Only trade if momentum aligns with candlestick patterns (e.g., pin bars, engulfing).
✅ Adjust Lookback: Increase in choppy markets, decrease in trends.
9. Limitations & Fixes
Issue Solution
Whipsaws in choppy markets Increase Min Lookback to 30+
Slow reaction in trends Reduce Max Lookback to 50
False breakouts Require volume confirmation
Final Verdict
This script is best used as a momentum filter – not a standalone system. Combine with:
✔ Trend indicators (200 EMA, ADX)
✔ Volume analysis (VWAP, Volume Profile)
✔ Price structure (S/R, Fibs)
Cari dalam skrip untuk "volume profile"
LEOLA LENS StandardLeola Lens Standard is a closed-source, invite-only overlay that highlights structural levels, zones of interest, and potential reaction areas across all markets.
It is designed for traders who want to:
Visually track range formation, breakout zones, and retest regions
Identify key liquidity zones and potential price rejection areas
Map out dynamic support/resistance shifts without manual drawing
🔍 What It Shows:
Color-coded zones that dynamically adapt to price behavior
Transitional areas between consolidation and expansion
Upper and lower liquidity bands to track accumulation or distribution phases
This tool does not rely on indicators like RSI, MACD, or volume profiles.
It is fully visual and structure-driven — making it compatible with price action-based decision-making.
🧩 Best Use Cases:
Intraday and swing traders watching for trap zones, false breakouts, and range-to-trend transitions
Traders who want to reduce manual chart marking with clean, algorithmically drawn zones
Applicable in crypto, stocks, commodities, and forex charts
⚠️ Notes:
This script uses original logic, not repackaged public code
Optimized for clarity on higher volatility pairs and trending environments
Universal Renko Bars by SiddWolfUniversal Renko Bars or UniRenko Bars is an overlay indicator that applies the logic of Renko charting directly onto a standard candlestick chart. It generates a sequence of price-driven bricks, where each new brick is formed only when the price moves a specific amount, regardless of time. This provides a clean, price-action-focused visualization of the market's trend.
WHAT IS UNIVERSAL RENKO BARS?
For years, traders have faced a stark choice: the clean, noise-free world of Renko charts, or the rich, time-based context of Candlesticks. Choosing Renko meant giving up your favorite moving averages, volume profiles, and the fundamental sense of time. Choosing Candlesticks meant enduring the market noise that often clouds true price action.
But what if you didn't have to choose?
Universal Renko Bars is a revolutionary indicator that ends this dilemma. It's not just another charting tool; it's a powerful synthesis that overlays the pure, price-driven logic of Renko bricks directly onto your standard candlestick chart. This hybrid approach gives you the best of both worlds:
❖ The Clarity of Renko: By filtering out the insignificant noise of time, Universal Renko reveals the underlying trend with unparalleled clarity. Up trends are clean successions of green bricks; down trends are clear red bricks. No more guesswork.
❖ The Context of Candlesticks: Because the Renko logic is an overlay, you retain your time axis, your volume data, and full compatibility with every other time-based indicator in your arsenal (RSI, MACD, Moving Averages, etc.).
The true magic, however, lies in its live, Unconfirmed Renko brick. This semi-transparent box is your window into the current bar's real-time struggle. It grows, shrinks, and changes color with every tick, showing you exactly how close the price is to confirming the trend or forcing a reversal. It’s no longer a lagging indicator; it’s a live look at the current battle between buyers and sellers.
Universal Renko Bars unifies these two powerful charting methods, transforming your chart into a more intelligent, noise-free, and predictive analytical canvas.
HOW TO USE
To get the most out of Universal Renko Bars, here are a few tips and a full breakdown of the settings.
Initial Setup for the Best Experience
For the cleanest possible view, it's highly recommended that you hide the body of your standard candlesticks, that shows only the skelton of the candle. This allows the Renko bricks to become the primary focus of your chart.
→ Double click on the candles and uncheck the body checkbox.
Settings Breakdown
The indicator is designed to be powerful yet intuitive. The settings are grouped to make customization easy.
First, What is a "Tick"?
Before we dive in, it's important to understand the concept of a "Tick." In Universal Renko, a Tick is not the same as a market tick. It's a fundamental unit of price movement that you define. For example, if you set the Tick Size to $0.50, then a price move of $1.00 is equal to 2 Ticks. This is the core building block for all Renko bricks. Tick size here is dynamically determined by the settings provided in the indicator.
❖ Calculation Method (The "Tick Size" Engine)
This section determines the monetary value of a single "Tick."
`Calculation Method` : Choose your preferred engine for defining the Tick Size.
`ATR Based` (Default): The Tick Size becomes dynamic, based on market volatility (Average True Range). Bricks will get larger in volatile markets and smaller in quiet ones. Use the `ATR 14 Multiplier` to control the sensitivity.
`Percentage` : The Tick Size is a simple percentage of the current asset price, controlled by the `Percent Size (%)` input.
`Auto` : The "set it and forget it" mode. The script intelligently calculates a Tick Size based on the asset's price. Use the `Auto Sensitivity` slider to make these automatically calculated bricks thicker (value > 1.0) or thinner (value < 1.0).
❖ Parameters (The Core Renko Engine)
This group controls how the bricks are constructed based on the Tick Size.
`Tick Trend` : The number of "Ticks" the price must move in the same direction to print a new continuation brick. A smaller value means bricks form more easily.
`Tick Reversal` : The number of "Ticks" the price must move in the opposite direction to print a new reversal brick. This is typically set higher than `Tick Trend` (e.g., double) to filter out minor pullbacks and market noise.
`Open Offset` : Controls the visual overlap of the bricks. A value of `0` creates gapless bricks that start where the last one ended. A value of `2` (with a `Tick Reversal` of 4) creates the classic 50% overlap look.
❖ Visuals (Controlling What You See)
This is where you tailor the chart to your visual preference.
`Show Confirmed Renko` : Toggles the solid-colored, historical bricks. These are finalized and will never change. They represent the confirmed past trend.
`Show Unconfirmed Renko` : This is the most powerful visual feature. It toggles the live, semi-transparent box that represents the developing brick. It shows you exactly where the price is right now in relation to the levels needed to form the next brick.
`Show Max/Min Levels` : Toggles the horizontal "finish lines" on your chart. The green line is the price target for a bullish brick, and the red line is the target for a bearish brick. These are excellent for spotting breakouts.
`Show Info Label` : Toggles the on-chart label that provides key real-time stats:
🧱 Bricks: The total count of confirmed bricks.
⏳ Live: How many chart bars the current live brick has been forming. These bars forms the Renko bricks that aren't confirmed yet. Live = 0 means the latest renko brick is confirmed.
🌲 Tick Size: The current calculated value of a single Tick.
Hover over the label for a tooltip with live RSI(14), MFI(14), and CCI(20) data for additional confirmation.
TRADING STRATEGIES & IDEAS
Universal Renko Bars isn't just a visual tool; it's a foundation for building robust trading strategies.
Trend Confirmation: The primary use is to instantly identify the trend. A series of green bricks indicates a strong uptrend; a series of red bricks indicates a strong downtrend. Use this to filter out trades that go against the primary momentum.
Reversal Spotting: Pay close attention to the Unconfirmed Brick . When a strong trend is in place and the live brick starts to fight against it—changing color and growing larger—it can be an early warning that a reversal is imminent. Wait for the brick to be confirmed for a higher probability entry.
Breakout Trading: The `Max/Min Levels` are your dynamic breakout zones. A long entry can be considered when the price breaks and closes above the green Max Level, confirming a new bullish brick. A short entry can be taken when price breaks below the red Min Level.
Confluence & Indicator Synergy: This is where Universal Renko truly shines. Overlay a moving average (e.g., 20 EMA). Only take long trades when the green bricks are forming above the EMA. Combine it with RSI or MACD; a bearish reversal brick forming while the RSI shows bearish divergence is a very powerful signal.
A FINAL WORD
Universal Renko Bars was designed to solve a fundamental problem in technical analysis. It brings together the best elements of two powerful methodologies to give you a clearer, more actionable view of the market. By filtering noise while retaining context, it empowers you to make decisions with greater confidence.
Add Universal Renko Bars to your chart today and elevate your analysis. We welcome your feedback and suggestions for future updates!
Follow me to get notified when I publish New Indicator.
~ SiddWolf
Volume Shelf Breakout WatcherThis indicator detects potential breakout opportunities from high-volume price shelves (HVNs) using a custom volume profile engine. It scans the past 100 bars (adjustable) to identify price ranges with heavy volume accumulation, then monitors for a breakout when price is near the top of that range.
To increase accuracy, it optionally confirms momentum using:
✅ MACD bullish crossover
✅ RSI > 55
✅ Volume spike above 20-bar average
When all enabled conditions are met, the indicator highlights the bar with a green label and background shading, and can trigger alerts for trade setups.
Use this indicator to:
Identify volume-based consolidation zones
Anticipate price surges through low-volume areas ("volume gaps")
Catch breakouts with momentum confirmation
Inputs:
Volume Profile Range (bars)
HVN Sensitivity (top % of volume)
MACD confirmation toggle
RSI level toggle
Volume spike toggle
Ideal for:
Traders looking to enter early on momentum moves as price escapes compression zones into areas of less resistance.
BK AK-SILENCER (P8N)🚨Introducing BK AK-SILENCER (P8N) — Institutional Order Flow Tracking for Silent Precision🚨
After months of meticulous tuning and refinement, I'm proud to unleash the next weapon in my trading arsenal—BK AK-SILENCER (P8N).
🔥 Why "AK-SILENCER"? The True Meaning
Institutions don’t announce their moves—they move silently, hidden beneath the noise. The SILENCER is built specifically to detect and track these stealth institutional maneuvers, giving you the power to hunt quietly, execute decisively, and strike precisely before the market catches on.
🔹 "AK" continues the legacy, honoring my mentor, A.K., whose teachings on discipline, precision, and clarity form the cornerstone of my trading.
🔹 "SILENCER" symbolizes the stealth aspect of institutional trading—quiet but deadly moves. This indicator equips you to silently track, expose, and capitalize on their hidden footprints.
🧠 What Exactly is BK AK-SILENCER (P8N)?
It's a next-generation Cumulative Volume Delta (CVD) tool crafted specifically for traders who hunt institutional order flow, combining adaptive volatility bands, enhanced momentum gradients, and precise divergence detection into a single deadly-accurate weapon.
Built for silent execution—tracking moves quietly and trading with lethal precision.
⚙️ Core Weapon Systems
✅ Institutional CVD Engine
→ Dynamically measures hidden volume shifts (buying/selling pressure) to reveal institutional footprints that price alone won't show.
✅ Adaptive AK-9 Bollinger Bands
→ Bollinger Bands placed around a custom CVD signal line, pinpointing exactly when institutional accumulation or distribution reaches critical extremes.
✅ Gradient Momentum Intelligence
→ Color-coded momentum gradients reveal the strength, speed, and silent intent behind institutional order flow:
🟢 Strong Bullish (aggressive buying)
🟡 Moderate Bullish (steady accumulation)
🔵 Neutral (balance)
🟠 Moderate Bearish (quiet distribution)
🔴 Strong Bearish (aggressive selling)
✅ Silent Divergence Detection
→ Instantly spots divergence between price and hidden volume—your earliest indication that institutions are stealthily reversing direction.
✅ Background Flash Alerts
→ Visually highlights institutional extremes through subtle background flashes, alerting you quietly yet powerfully when market-moving players make their silent moves.
✅ Structural & Institutional Clarity
→ Optional structural pivots, standard deviation bands, volume profile anchors, and session lines clearly identify the exact levels institutions defend or attack silently.
🛡️ Why BK AK-SILENCER (P8N) is Your Edge
🔹 Tracks Institutional Footprints—Silently identifies hidden volume signals of institutional intentions before they’re obvious.
🔹 Precision Execution—Cuts through noise, allowing you to execute silently, confidently, and precisely.
🔹 Perfect for Traders Using:
Elliott Wave
Gann Methods (Angles, Squares)
Fibonacci Time & Price
Harmonic Patterns
Market Profile & Order Flow Analysis
🎯 How to Use BK AK-SILENCER (P8N)
🔸 Institutional Reversal Hunting (Stealth Mode)
Bearish divergence + CVD breaking below lower BB → stealth short signal.
Bullish divergence + CVD breaking above upper BB → quiet, early long entry.
🔸 Momentum Confirmation (Silent Strength)
Strong bullish gradient + CVD above upper BB → follow institutional buying quietly.
Strong bearish gradient + CVD below lower BB → confidently short institutional selling.
🔸 Noise Filtering (Patience & Precision)
Neutral gradient (blue) → remain quiet, wait patiently to strike precisely when institutional activity resumes.
🔸 Structural Precision (Institutional Levels)
Optional StdDev, POC, Value Areas, Session Anchors clearly identify exact institutional defense/offense zones.
🙏 Final Thoughts
Institutions move in silence, leaving subtle footprints. BK AK-SILENCER (P8N) is your specialized weapon for tracking and hunting their quiet, decisive actions before the market reacts.
🔹 Dedicated in deep gratitude to my mentor, A.K.—whose silent wisdom shapes every line of code.
🔹 Engineered for the disciplined, quiet hunter who knows when to wait patiently and when to strike decisively.
Above all, honor and gratitude to Gd—the ultimate source of wisdom, clarity, and disciplined execution. Without Him, markets are chaos. With Him, we move silently, purposefully, and precisely.
⚡ Stay Quiet. Stay Precise. Hunt Silently.
🔥 BK AK-SILENCER (P8N) — Track the Silent Moves. Strike with Precision. 🔥
May Gd bless every silent step you take. 🙏
NVT Ratio Z-Score | [DeV]** DISCLAIMER: This indicator is not trend following, so it SHOULD NOT be a buy/sell signal or used as a stand alone indicator to tell you to buy or sell. It's simply giving insight into potential overbought or oversold market conditions, and should be used in conjunction with other market analysis tools to give you an idea of possible market reversals.**
The NVT Ratio Z-Score is a unique on-chain valuation tool that helps users assess whether Bitcoin is potentially overbought or oversold relative to its network fundamentals. This indicator calculates the Network Value to Transactions (NVT) ratio, which compares Bitcoin’s market capitalization (price × circulating supply) to the USD-denominated daily transaction volume on the network. To improve clarity and remove short-term noise, the NVT value is smoothed using a customizable moving average (NVT Smoothing Period). The smoothed value is then normalized using a Z-score over a rolling period (Normalization Lookback Period), allowing for easier comparison of extreme deviations over time. This normalization makes it possible to spot historically high or low valuation zones with consistency.
While the NVT Ratio Z-Score is not a price action or trend-following indicator, it excels as a valuation-based supplemental tool. By using this indicator alongside your existing technical setups—such as momentum oscillators (like RSI or MACD), moving averages, or volume profiles—you can gain a deeper perspective on whether the broader market is operating in an overheated or undervalued state.
Interpretation is straightforward: the lower the Z-score dips into negative territory, the more oversold the market may be, potentially indicating a bottoming process or future upward reversal. Conversely, higher Z-scores suggest the market is becoming overheated or overbought, which can precede pullbacks or broader downtrends. However, it’s crucial to remember: this is not a trend indicator. Overbought conditions don’t guarantee immediate downturns, and oversold conditions don’t guarantee immediate rallies. Markets can remain extended in either direction for prolonged periods.
Use the NVT Ratio Z-Score to contextualize price moves and strengthen conviction when your other tools show signals aligning with extreme valuation zones. This indicator is especially helpful for swing traders, long-term investors, and those analyzing Bitcoin through a macro-on-chain lens.
Ergodic Market Divergence (EMD)Ergodic Market Divergence (EMD)
Bridging Statistical Physics and Market Dynamics Through Ensemble Analysis
The Revolutionary Concept: When Physics Meets Trading
After months of research into ergodic theory—a fundamental principle in statistical mechanics—I've developed a trading system that identifies when markets transition between predictable and unpredictable states. This indicator doesn't just follow price; it analyzes whether current market behavior will persist or revert, giving traders a scientific edge in timing entries and exits.
The Core Innovation: Ergodic Theory Applied to Markets
What Makes Markets Ergodic or Non-Ergodic?
In statistical physics, ergodicity determines whether a system's future resembles its past. Applied to trading:
Ergodic Markets (Mean-Reverting)
- Time averages equal ensemble averages
- Historical patterns repeat reliably
- Price oscillates around equilibrium
- Traditional indicators work well
Non-Ergodic Markets (Trending)
- Path dependency dominates
- History doesn't predict future
- Price creates new equilibrium levels
- Momentum strategies excel
The Mathematical Framework
The Ergodic Score combines three critical divergences:
Ergodic Score = (Price Divergence × Market Stress + Return Divergence × 1000 + Volatility Divergence × 50) / 3
Where:
Price Divergence: How far current price deviates from market consensus
Return Divergence: Momentum differential between instrument and market
Volatility Divergence: Volatility regime misalignment
Market Stress: Adaptive multiplier based on current conditions
The Ensemble Analysis Revolution
Beyond Single-Instrument Analysis
Traditional indicators analyze one chart in isolation. EMD monitors multiple correlated markets simultaneously (SPY, QQQ, IWM, DIA) to detect systemic regime changes. This ensemble approach:
Reveals Hidden Divergences: Individual stocks may diverge from market consensus before major moves
Filters False Signals: Requires broader market confirmation
Identifies Regime Shifts: Detects when entire market structure changes
Provides Context: Shows if moves are isolated or systemic
Dynamic Threshold Adaptation
Unlike fixed-threshold systems, EMD's boundaries evolve with market conditions:
Base Threshold = SMA(Ergodic Score, Lookback × 3)
Adaptive Component = StDev(Ergodic Score, Lookback × 2) × Sensitivity
Final Threshold = Smoothed(Base + Adaptive)
This creates context-aware signals that remain effective across different market environments.
The Confidence Engine: Know Your Signal Quality
Multi-Factor Confidence Scoring
Every signal receives a confidence score based on:
Signal Clarity (0-35%): How decisively the ergodic threshold is crossed
Momentum Strength (0-25%): Rate of ergodic change
Volatility Alignment (0-20%): Whether volatility supports the signal
Market Quality (0-20%): Price convergence and path dependency factors
Real-Time Confidence Updates
The Live Confidence metric continuously updates, showing:
- Current opportunity quality
- Market state clarity
- Historical performance influence
- Signal recency boost
- Visual Intelligence System
Adaptive Ergodic Field Bands
Dynamic bands that expand and contract based on market state:
Primary Color: Ergodic state (mean-reverting)
Danger Color: Non-ergodic state (trending)
Band Width: Expected price movement range
Squeeze Indicators: Volatility compression warnings
Quantum Wave Ribbons
Triple EMA system (8, 21, 55) revealing market flow:
Compressed Ribbons: Consolidation imminent
Expanding Ribbons: Directional move developing
Color Coding: Matches current ergodic state
Phase Transition Signals
Clear entry/exit markers at regime changes:
Bull Signals: Ergodic restoration (mean reversion opportunity)
Bear Signals: Ergodic break (trend following opportunity)
Confidence Labels: Percentage showing signal quality
Visual Intensity: Stronger signals = deeper colors
Professional Dashboard Suite
Main Analytics Panel (Top Right)
Market State Monitor
- Current regime (Ergodic/Non-Ergodic)
- Ergodic score with threshold
- Path dependency strength
- Quantum coherence percentage
Divergence Metrics
- Price divergence with severity
- Volatility regime classification
- Strategy mode recommendation
- Signal strength indicator
Live Intelligence
- Real-time confidence score
- Color-coded risk levels
- Dynamic strategy suggestions
Performance Tracking (Left Panel)
Signal Analytics
- Total historical signals
- Win rate with W/L breakdown
- Current streak tracking
- Closed trade counter
Regime Analysis
- Current market behavior
- Bars since last signal
- Recommended actions
- Average confidence trends
Strategy Command Center (Bottom Right)
Adaptive Recommendations
- Active strategy mode
- Primary approach (mean reversion/momentum)
- Suggested indicators ("weapons")
- Entry/exit methodology
- Risk management guidance
- Comprehensive Input Guide
Core Algorithm Parameters
Analysis Period (10-100 bars)
Scalping (10-15): Ultra-responsive, more signals, higher noise
Day Trading (20-30): Balanced sensitivity and stability
Swing Trading (40-100): Smooth signals, major moves only Default: 20 - optimal for most timeframes
Divergence Threshold (0.5-5.0)
Hair Trigger (0.5-1.0): Catches every wiggle, many false signals
Balanced (1.5-2.5): Good signal-to-noise ratio
Conservative (3.0-5.0): Only extreme divergences Default: 1.5 - best risk/reward balance
Path Memory (20-200 bars)
Short Memory (20-50): Recent behavior focus, quick adaptation
Medium Memory (50-100): Balanced historical context
Long Memory (100-200): Emphasizes established patterns Default: 50 - captures sufficient history without lag
Signal Spacing (5-50 bars)
Aggressive (5-10): Allows rapid-fire signals
Normal (15-25): Prevents clustering, maintains flow
Conservative (30-50): Major setups only Default: 15 - optimal trade frequency
Ensemble Configuration
Select markets for consensus analysis:
SPY: Broad market sentiment
QQQ: Technology leadership
IWM: Small-cap risk appetite
DIA: Blue-chip stability
More instruments = stronger consensus but potentially diluted signals
Visual Customization
Color Themes (6 professional options):
Quantum: Cyan/Pink - Modern trading aesthetic
Matrix: Green/Red - Classic terminal look
Heat: Blue/Red - Temperature metaphor
Neon: Cyan/Magenta - High contrast
Ocean: Turquoise/Coral - Calming palette
Sunset: Red-orange/Teal - Warm gradients
Display Controls:
- Toggle each visual component
- Adjust transparency levels
- Scale dashboard text
- Show/hide confidence scores
- Trading Strategies by Market State
- Ergodic State Strategy (Primary Color Bands)
Market Characteristics
- Price oscillates predictably
- Support/resistance hold
- Volume patterns repeat
- Mean reversion dominates
Optimal Approach
Entry: Fade moves at band extremes
Target: Middle band (equilibrium)
Stop: Just beyond outer bands
Size: Full confidence-based position
Recommended Tools
- RSI for oversold/overbought
- Bollinger Bands for extremes
- Volume profile for levels
- Non-Ergodic State Strategy (Danger Color Bands)
Market Characteristics
- Price trends persistently
- Levels break decisively
- Volume confirms direction
- Momentum accelerates
Optimal Approach
Entry: Breakout from bands
Target: Trail with expanding bands
Stop: Inside opposite band
Size: Scale in with trend
Recommended Tools
- Moving average alignment
- ADX for trend strength
- MACD for momentum
- Advanced Features Explained
Quantum Coherence Metric
Measures phase alignment between individual and ensemble behavior:
80-100%: Perfect sync - strong mean reversion setup
50-80%: Moderate alignment - mixed signals
0-50%: Decoherence - trending behavior likely
Path Dependency Analysis
Quantifies how much history influences current price:
Low (<30%): Technical patterns reliable
Medium (30-50%): Mixed influences
High (>50%): Fundamental shift occurring
Volatility Regime Classification
Contextualizes current volatility:
Normal: Standard strategies apply
Elevated: Widen stops, reduce size
Extreme: Defensive mode required
Signal Strength Indicator
Real-time opportunity quality:
- Distance from threshold
- Momentum acceleration
- Cross-validation factors
Risk Management Framework
Position Sizing by Confidence
90%+ confidence = 100% position size
70-90% confidence = 75% position size
50-70% confidence = 50% position size
<50% confidence = 25% or skip
Dynamic Stop Placement
Ergodic State: ATR × 1.0 from entry
Non-Ergodic State: ATR × 2.0 from entry
Volatility Adjustment: Multiply by current regime
Multi-Timeframe Alignment
- Check higher timeframe regime
- Confirm ensemble consensus
- Verify volume participation
- Align with major levels
What Makes EMD Unique
Original Contributions
First Ergodic Theory Trading Application: Transforms abstract physics into practical signals
Ensemble Market Analysis: Revolutionary multi-market divergence system
Adaptive Confidence Engine: Institutional-grade signal quality metrics
Quantum Coherence: Novel market alignment measurement
Smart Signal Management: Prevents clustering while maintaining responsiveness
Technical Innovations
Dynamic Threshold Adaptation: Self-adjusting sensitivity
Path Memory Integration: Historical dependency weighting
Stress-Adjusted Scoring: Market condition normalization
Real-Time Performance Tracking: Built-in strategy analytics
Optimization Guidelines
By Timeframe
Scalping (1-5 min)
Period: 10-15
Threshold: 0.5-1.0
Memory: 20-30
Spacing: 5-10
Day Trading (5-60 min)
Period: 20-30
Threshold: 1.5-2.5
Memory: 40-60
Spacing: 15-20
Swing Trading (1H-1D)
Period: 40-60
Threshold: 2.0-3.0
Memory: 80-120
Spacing: 25-35
Position Trading (1D-1W)
Period: 60-100
Threshold: 3.0-5.0
Memory: 100-200
Spacing: 40-50
By Market Condition
Trending Markets
- Increase threshold
- Extend memory
- Focus on breaks
Ranging Markets
- Decrease threshold
- Shorten memory
- Focus on restores
Volatile Markets
- Increase spacing
- Raise confidence requirement
- Reduce position size
- Integration with Other Analysis
- Complementary Indicators
For Ergodic States
- RSI divergences
- Bollinger Band squeezes
- Volume profile nodes
- Support/resistance levels
For Non-Ergodic States
- Moving average ribbons
- Trend strength indicators
- Momentum oscillators
- Breakout patterns
- Fundamental Alignment
- Check economic calendar
- Monitor sector rotation
- Consider market themes
- Evaluate risk sentiment
Troubleshooting Guide
Too Many Signals:
- Increase threshold
- Extend signal spacing
- Raise confidence minimum
Missing Opportunities
- Decrease threshold
- Reduce signal spacing
- Check ensemble settings
Poor Win Rate
- Verify timeframe alignment
- Confirm volume participation
- Review risk management
Disclaimer
This indicator is for educational and informational purposes only. It does not constitute financial advice. Trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results.
The ergodic framework provides unique market insights but cannot predict future price movements with certainty. Always use proper risk management, conduct your own analysis, and never risk more than you can afford to lose.
This tool should complement, not replace, comprehensive trading strategies and sound judgment. Markets remain inherently unpredictable despite advanced analysis techniques.
Transform market chaos into trading clarity with Ergodic Market Divergence.
Created with passion for the TradingView community
Trade with insight. Trade with anticipation.
— Dskyz , for DAFE Trading Systems
CPD Approach Algo Line [ValiantTrader]CPD Approach Algo Line Indicator - Explanation
This indicator, developed by ValiantTrader, is a sophisticated tool for analyzing price action and volume distribution across different timeframes. Here's how it works and how traders can use it:
Core Functionality
The indicator performs a "Candle Price Distribution" (CPD) analysis by:
Collecting data from a higher timeframe (configurable via input)
Dividing the price range into horizontal zones (either by tick size or evenly distributed)
Analyzing price behavior within each zone
Key Features and Trading Applications
1. Price Zone Analysis
Divides the price range into customizable zones (default 24 zones)
Shows how many candles have traded in each zone
Displays what percentage of total candles occurred in each zone
Trading Use: Identifies high-probability support/resistance areas where price has historically spent more time.
2. Delta Calculation
Shows the difference in candle counts between adjacent zones
Color-coded (green for positive, red for negative)
Trading Use: Helps spot areas where price behavior changes significantly (potential reversal zones).
3. Volume Clusters
Aggregates volume traded within each price zone
Visualized as colored backgrounds
Trading Use: Identifies high-volume nodes which often act as strong support/resistance.
4. Pressure Zones
Scores each zone based on where candles closed within the zone
Positive pressure (green) when candles closed in upper part
Negative pressure (red) when candles closed in lower part
Trading Use: Shows where buyers or sellers were more dominant at each price level.
5. Advanced Candle Pattern Detection
Tracks wick engulfing patterns
Measures body engulfing patterns
Counts rejection candles (long wicks)
Identifies dominant candles (large bodies)
Trading Use: Provides additional confirmation of potential reversal or continuation patterns.
6. Draggable Reference Line
Allows traders to place a horizontal line at any price level
Automatically shows statistics for the zone containing the line
Trading Use: Quickly analyze any price level's historical significance.
Practical Trading Applications
Support/Resistance Identification: The zones with highest candle counts typically represent strong support/resistance levels.
Breakout Trading: When price moves into zones with few previous candles, it may indicate breakout potential.
Reversal Trading: Zones where delta changes significantly (from positive to negative or vice versa) can signal potential reversals.
Volume-Weighted Analysis: Combining candle counts with volume clusters helps identify the most significant price levels.
Multi-Timeframe Analysis: By setting the custom timeframe to a higher period, traders can see where institutional levels exist on weekly/daily charts while trading on lower timeframes.
The indicator is particularly useful for traders who employ volume profile, market profile, or order flow concepts in their trading strategy. The visual presentation makes it easy to quickly assess the most significant price levels on any chart.
Radi IQ [TradingIQ]Introducing "Radi IQ".
Radi IQ is a comprehensive market structure indicator designed to provide traders with a detailed view of key price levels and market behavior. It combines several analytical methods—including internal and external structure analysis, fair value gaps, order blocks, breaker blocks, rejection blocks, premium discount zones, equal levels, directional liquidity grabs, and trend meters —to help users better understand areas of support and resistance, potential turning points, and liquidity events in the market.
Key Components and Their Functions
Market Structure Analysis
Internal and External Structure : The indicator evaluates market structure on two levels. The internal analysis focuses on immediate price action (e.g., recent support/resistance and swing points), while the external analysis uses a higher timeframe to provide context. This dual approach helps to confirm the strength of key levels by comparing short-term moves with the broader market trend.
Break of Structure (BoS) and Change of Character (CHoCH) : These signals highlight moments when the market shifts its behavior. A BoS indicates that a previous level of support or resistance has been overcome, while a CHoCH signals a change in the market’s character. Both are marked clearly on the chart using distinct color codes.
Break of Structure + (BoS+) and Change of Character + (CHoCH+) : These signals highlight moments when the market shifts its behavior and is confirmed by prior price action. A BoS + indicates that a previous level of support or resistance has been overcome, while price action achieves higher highs and higher lows (resistance break) or lower highs and lower lows (support break). CHoCH + signals a change in the market’s character when supported by prior price action - lower highs for a support break and higher lows for a resistance break.
BoS and CHoCH
The image above shows BoS and CHoCH identified on the price chart, and explains what each signifies.
A Break Of Structure (BoS) occurs when price decisively moves beyond a previously established support or resistance level. It indicates that the current trend or market pattern is being challenged, and the market may be ready to change direction.
A Change of Character (CHoCH) describes a shift in how the market behaves. A CHoCH occurs when, in an uptrend, a previously established support level breaks, or in a downtrend, a previously established resistance level breaks.
This break indicates that the market's typical structure is shifting, suggesting that the current trend may be losing its strength and that a reversal or a new trend could be developing.
CHoCH+
The image above explains CHoCH+ and how it forms, while highlighting an instance where a downside CHoCH+ formed following lower highs.
A Change of Character + (CHoCH+) describes a shift in how the market behaves that is supported by prior price action. For support breaks, price must form lower highs before breaking support.
The image above explains CHoCH+ for resistance breaks, while highlighting an instance where a resistance point broke that was supported by prior price action.
BoS+
The image above explains BoS+ and how it forms, while highlighting an instance where an upside BoS+ formed following higher highs and higher lows.
A BoS+ resistance break requires higher highs and higher lows prior to the resistance point being closed over.
The image above explains BoS+ support break, while highlighting an instance where a downside BoS+ formed following lower highs and lower lows.
A BoS+ support break requires lower highs and lower lows prior to the support point being closed under.
Future BoS and CHoCH
Radi IQ also displays where the next BoS and CHoCH points are located.
The image above shows the feature in action. With this, traders will always know where the next key support/resistance breakpoints are before they actually occur.
Fair Value Gaps (FVG)
The indicator identifies gaps in the price where little or no trading occurred—known as fair value gaps. These gaps can act as temporary support or resistance and may indicate areas where the market is likely to correct. FVGs are displayed with clear color gradients that differentiate between upward and downward gaps.
The image above shows an identified upside FVG. In the image, the identified upside FVG acted as a support point for price.
The image above shows an identified downside FVG. In the image, the identified downside FVG acted as a resistance point for price.
Low Volume FVG
In addition to identifying trading FVGs - Radi IQ can also specifically detect low volume fair value gaps. Ideally, these fair value gaps will form inside a low volume node on a volume profile.
Low volume node FVGs are important because these are areas where very little trading occurred and is confirmable, indicating an imbalance in supply and demand. Since few trades took place there, the market often moves quickly through these zones when revisited, which can lead to rapid price changes. This "gap" in trading activity can serve as a signal for potential reversals or fast moves, offering opportunities to enter or exit positions based on expected market behavior.
The image above shows identified FVGs that formed on low volume.
Large Area FVGs
Radi IQ is also capable of filtering out “inconsequential” FVGs. With this, Radi IQ can be enabled to only mark FVGs that cover a wide price range.
The image above shows the feature enabled, and all identified FVGs formed with a wide price range.
Large Area FVGs and Low Volume FVGs Combined
Traders can also enable Radi IQ to only mark FVGs that form on low volume and have a wide price range - allowing traders to only identify the highest quality FVGs on the chart.
Order Blocks and Premium Discount Zones
Order Blocks: Radi IQ detects areas where large orders have previously been placed by institutional traders. These blocks can act as strong levels of support or resistance, and the indicator marks bullish and bearish order blocks with dedicated colors.
What is an order block?
Order blocks are clusters of orders that institutions have executed to enter or exit a market position. They typically form when there is a period of consolidation before a significant move. For example, the last bullish candle before a strong down move may indicate a supply order block, while the last bearish candle before a sharp rally might be considered a demand order block.
Why They Form:
Institutions don’t trade in small, sporadic amounts; they accumulate or distribute large volumes of an asset. To avoid slippage and minimize market impact, they execute these orders over a zone rather than at a single price point. This creates a recognizable “block” on the chart.
Order Block Identification Types
Strength Score
The “Strength Score” order block detection mode is a TradingIQ proprietary ranking system for identified order blocks.
Purpose
The purpose of the “Strength Score” ranking system is to determine the “strength” or significance of an order block and rate the zone’s likelihood to act as support/resistance when retested in the future.
The scoring system ranks from 0 - 10, with “0” indicating a “weak” score or low likelihood of acting as a key support/resistance level when retested in the future.
A rating of “5” indicates a “moderate” score, indicating that the order block has a moderate likelihood of acting as a key support/resistance level when retested in the future.
A rating of “10” indicates a “strong” score, indicating that the order block has a strong likelihood of acting as a key support/resistance level when retested in the future.
How It Works
The score is calculated by examining the price move following the formation of an order block. The stronger the price move after an order block forms - the higher the Strength Score.
The image above shows a bearish order block with a score of “5” identified on the chart. The order block successfully operates as a resistance point when retested.
The image above shows a bullish order block with a score of “5” identified on the chart. The order block successfully operates as a resistance point when retested.
Volume-Based
The volume-based order block detection method detects traditional order blocks, but goes one step further by identifying the highest concentration point of volume for the bar and drawing the order block around this concentration point.
Key features when using the volume-based order block detection method:
The top of the order block is anchored to the top of the highest volume concentration point of the bar
The bottom of the order block is anchored to the bottom of the highest volume concentration point of the bar
The total volume that went into creation of the order block is displayed on the chart
The total volume of the order block is recorded as a percentage relative to the total volume for all order blocks on the chart
The image above shows the detection method in action.
Breaker Blocks
A breaker block is a specific type of order block that gains significance when price breaks through it and then often retests the level as a new area of support or resistance. Essentially, it’s a zone where, after the initial break, the previous level (which once acted as strong support or resistance) flips roles. For example, in an uptrend, if the price falls below a key support level, that level can become a breaker block and act as resistance if the price tries to move back up. Conversely, in a downtrend, a broken resistance level can serve as new support. Traders monitor breaker blocks because they often mark a shift in market sentiment and can provide potential entry or exit points once the market re-engages with these levels.
The image above shows a breaker block above price acting as resistance.
The image above shows a breaker block below price acting as support.
Rejection Blocks
A rejection block is a price area where the market shows a strong unwillingness to move beyond a certain level. This typically happens when price approaches a specific level but then is quickly rejected, leading to a bounce in the opposite direction. In other words, a rejection block forms when traders' orders create a barrier, causing the price to reverse rather than break through. Traders watch these areas closely, as they often signal a strong concentration of supply or demand that could provide potential entry or exit points for trades.
The image above shows both a verified upside rejection block acting as resistance, and an untested downside rejection block.
Rejection blocks are expected to function as strong support/resistance points when retested in the future.
Premium Discount Zones
Premium Discount Zones : These zones reflect areas where price is trading above (premium) or below (discount) a fair value range. They help traders gauge whether the current market price is relatively high or low compared to historical averages.
Premium Discount Zones account for recent swing highs and lows to calculate a fair value along with discount and premium prices over an intermediate time window.
The image above shows the premium and discount price zones in action.
Equal Levels
The indicator also tracks and highlights equal levels, which occur when the market repeatedly tests the same price levels. Equal levels can reinforce the significance of a support or resistance area and are represented by their own set of color markers.
The image above shows Radi IQ distinguishing equal highs and equal lows.
Equal Highs
When you see two or more highs that are approximately the same, it suggests that the market is repeatedly rejecting attempts to push higher. This signals a strong resistance level where sellers (or stop-hunters) are active.
Equal Lows
Similarly, consecutive lows at the same level indicate strong support, where buyers step in consistently, preventing further decline.
Strong Highs and Lows
Strong High
A strong high is a price level where the market repeatedly fails to push higher. Typically, it’s characterized by:
Rejection: Price approaches the high but then reverses sharply, often leaving long upper wicks on the candlestick chart.
Consolidation: Multiple bars might show highs that are very close in value (often termed "equal highs"), indicating a well-established resistance zone.
Market Sentiment: This pattern suggests that sellers are actively defending that level, preventing further upward movement.
Strong Lows
Conversely, a strong low is a price level where the market repeatedly fails to break lower. It is identified by:
Bounce Back: Price touches the low and then rebounds sharply, often leaving long lower wicks.
Consistency: Multiple lows occur around the same level (sometimes referred to as "equal lows"), marking a solid support area.
Market Sentiment: This indicates that buyers are stepping in at that level, absorbing selling pressure and supporting the price.
The image above shows Radi IQ detecting both a strong high and strong low, while the detected strong low acts as support when retested.
Liquidity Grabs
Liquidity grabs occur when the market temporarily moves to absorb liquidity, often triggering stop-loss orders and leading to rapid price movements. Radi IQ flags these events by identifying conditions where price moves against recent pivots, helping traders spot potential liquidity-related reversals or breakouts.
The image above shows Radi IQ identifying both an upside liquidity grab and a downside liquidity grab.
Upside Liquidity Grab (Bearish)
An upside liquidity grab happens when the price moves above a well-known resistance area or recent high. This move is often short-lived.
Many traders place stop-loss orders or pending buy orders just above resistance levels. Institutional players may intentionally push price upward to trigger these orders, thereby “grabbing” the liquidity available at that level.
Downside Liquidity Grab (Bullish)
A downside liquidity grab is the mirror image: the price briefly dips below a key support level or recent low.
Traders often place stop-loss orders or pending sell orders just below support levels. An intentional drop below this support can trigger these stops, allowing institutional players to capture liquidity.
Multi-Timeframe Analysis and Swings
By using data from different timeframes, Radi IQ offers a broader perspective on market trends. It highlights significant swing highs and swing lows, providing visual cues that indicate the market’s directional bias. This feature assists traders in identifying both short-term opportunities and long-term trends.
The image above shows Radi IQ detecting higher swings and lower swings.
IQ Meters / Fibometer
IQ Meters (Fibometers) are a proprietary TradingIQ tool that allows traders to easily identify the highs and lows of the current trend and where current price is relative to these points.
The image above depicts the IQ Meters—an exclusive TradingIQ tool designed to help traders evaluate trend strength and retracement opportunities.
When the lower timeframe Zig Zag IQ and the higher timeframe Zig Zag IQ are out of sync (i.e., one is uptrending while the other is downtrending, with no active positions), the meters display a neutral color as shown in the image.
The key to using these meters is to identify trend unison and pinpoint key trend retracement entry opportunities. Fibonacci retracement levels for the current trend are interlaced along each meter, and the current price is converted to a retracement ratio of the trend.
These meters can mathematically determine where price stands relative to the larger and smaller trends, aiding in identifying entry opportunities.
The top of each meter indicates the highest price achieved during the current price move.
The bottom of each meter indicates the lowest price achieved during the current price move.
When both the larger and smaller trends are in sync and uptrending, or when a long position is active, the IQ meters turn green, indicating uptrend strength.
When both meters are green, it indicates uptrend strength as both the higher timeframe trend and lower timeframe trend are in unison. Look for price to retrace to key fibonacci retracement levels during this time period.
When both trends are in sync and downtrending, or when a short position is active, the IQ meters turn red, indicating downtrend strength.
When both meters are red, it indicates downtrend strength as both the higher timeframe trend and lower timeframe trend are in unison. Look for price to retrace to key fibonacci retracement levels during this time period.
Summary
Radi IQ serves as a robust, data-driven tool for traders who seek a deeper understanding of market structure. By integrating internal and external analysis, fair value gap detection, order block identification, premium discount zoning, equal level tracking, liquidity grabs and much more into one indicator, it offers a multi-layered view of the market. This helps traders not only recognize potential turning points and areas of market stress but also manage risk more effectively and plan their trades with greater precision. The indicator’s clear visual representation and dynamic updates make it a practical addition to any trader’s toolkit.
Liquidity Sweep Filter [AlgoAlpha]Unlock a deeper understanding of market liquidity with the Liquidity Sweep Filter by AlgoAlpha. This indicator identifies liquidity sweeps, highlighting key price levels where large liquidations have occurred. By visualizing major and minor liquidation events, traders can better anticipate potential reversals and market structure shifts, making this an essential tool for those trading in volatile conditions.
Key Features :
🔍 Liquidity Sweep Detection – Identifies and highlights areas where liquidity has been swept, distinguishing between major and minor liquidation events.
📊 Volume Profile Integration – Displays a volume profile overlay, helping traders spot high-activity price zones where the market is likely to react.
📈 Trend-Based Filtering – Utilizes an adaptive trend detection algorithm to refine liquidity sweeps based on market direction, reducing noise.
🎨 Customizable Visualization – Modify colors, thresholds, and display settings to tailor the indicator to your trading style.
🔔 Alerts for Liquidity Sweeps & Trend Changes – Stay ahead of the market by receiving alerts when significant liquidity events or trend shifts occur.
How to Use:
🛠 Add the Indicator : Add the Liquidity Sweep Filter to your chart and configure the settings based on your preferred sensitivity. Adjust the major sweep threshold to filter out smaller moves.
📊 Analyze Liquidity Zones and trend direction : Look for liquidation levels where large buy or sell stops have been triggered. Major sweeps indicate strong reactions, while minor sweeps show gradual liquidity absorption. You can also see which levels are high in liquidity by the transparency of the levels.
🔔 Set-Up Alerts : Use the in-built alerts so you don't miss a trading opportunity
How It Works :
The Liquidity Sweep Filter detects liquidity events by tracking swing highs and lows (defined as a pivot where neighboring candles are lower/higher than it) where traders are likely to have placed stop-loss orders. It evaluates volume and price action, marking areas where liquidity has been absorbed by the market. Additionally, the integrated trend filter ensures that only relevant liquidity sweeps are highlighted based on market direction, lows in an uptrend and highs in a downtrend. The trend filter works by calculating a basis, and defining trend shifts when the closing price crosses over the upper or lower bands.The included volume profile further enhances analysis by displaying key trading zones where price may react.
Value Zones [Influxum]The volume of traded contracts at a specific price level is, in our opinion, one of the most critical components of any trading system. The area where price acceptance occurred, and the most contracts were traded, represents a very objective phenomenon on the chart, reducing the degree of discretionary trading. This is commonly referred to as POC – Point of Control – the point where the most units of an instrument were traded. Our Value Zones take this a step further by identifying additional local extremes, i.e., areas where significant trading volumes occurred locally at specific prices. This provides objective information about the points on the market where buyers and sellers agreed on a price, resulting in what is known as consolidation. This information can help identify the price levels or zones where aggressive buyer or seller behavior, and consequently a significant price reaction, might be expected. We do not perceive the POC or local extremes as mere price levels but rather as zones. The distribution of trades in the market is a stochastic process, and deviations can occur, which is why we extend local extremes and the POC with a coefficient reflecting the current session's volatility.
🟪 General Settings
Session
Value Zones are always calculated for a specific time period. In this section, you can set whether you want to see Value Zones for 30-minute candles, hourly charts, 4-hour charts, daily, weekly, or monthly timeframes. Keep in mind the timeframe you are currently viewing. If you attempt to display monthly Value Zones on minute candles, the chart will typically load only 10,000 to 20,000 candles, representing a maximum of 20 days, which is insufficient for accurately determining monthly Value Zones.
Levels of Detai l
To simplify working with Value Zones, you don’t need to manually set the size of a single row in the volume profile in terms of ticks. Simply choose how many rows the entire range of the selected session should be divided into. Local maxima will then be identified within the specified number of rows. The more rows you choose, the more detailed the Value Zones will be. However, this may lead to identifying local extremes too close to each other (in cases where consolidation has occurred for a longer period). We recommend an optimal setting of 50 to 100 rows to ensure the significant local extremes are effectively visualized.
Volume Type
An interesting metric is not just the volume traded at a price but also the ratio of buy and sell volumes – the delta. Based on the data available, this is not a precise tick-based or bid-ask delta but rather a delta derived from the volume of candles on lower timeframes. For daily sessions, for instance, we use minute candles. If a candle closes higher than it opens, it is considered positive delta. If it closes lower, it is negative delta. This helps identify whether buyers or sellers were more aggressive at a specific price level (not whether there were more buyers or sellers, as each trade always involves both sides).
🟪 Heatmap
A heatmap visualizes the volume profile, displaying volume on a given row through color intensity. For standard volume, the intensity represents a single color. For delta, separate colors are used to represent positive and negative delta intensity.
Align
Choose whether the Heatmap will always appear on the right or left side. If set to the right, historical Heatmaps will display at the start of the next session after the session concludes. A developing session’s Heatmap will appear on the right in real time. If set to the left, the Heatmap will always appear at the start of the session it represents. For a developing session, the Heatmap is also on the left. Note that right after the session begins, the Heatmap may look unusual because there isn’t yet enough price data to calculate all the rows (e.g., the 50 rows set in Levels of Detail).
Heatmap Length
This determines the Heatmap’s length in terms of the number of candles.
Color Settings
You can configure colors separately for Volume and Delta modes. The color settings for POC are shared for both modes.
🟪 Local Peaks
Draw Local Peaks
Here, you can set how local peaks (in addition to POC) will be displayed. If set to "None," neither POC nor any local extreme will be shown. You can choose to display POC and local peaks as lines, boxes, or both.
Number of Local Peaks
If set to 0 and a display mode for POC and local extremes (line, box, or both) is active, only the POC will be displayed. Any value higher than 0 will display that number of local extremes, as long as they are found. If the Level of Detail is set too low, no local extremes might be identified.
🟪 Visuals - Historical & Current
To tailor your chart to your preferences, you can freely customize the colors for local peaks and POC, lines and boxes, and even differentiate between historical and developing values. The choice is entirely yours!
Range Detect SystemTechnical analysis indicator designed to identify potential significant price ranges and the distribution of volume within those ranges. The system helps traders calculate POC and show volume history. Also detecting breakouts or potential reversals. System identifies ranges with a high probability of price consolidation and helps screen out extreme price moves or ranges that do not meet certain volatility thresholds.
⭕️ Key Features
Range Detection — identifies price ranges where consolidation is occurring.
Volume Profile Calculation — indicator calculates the Point of Control (POC) based on volume distribution within the identified range, enhancing the analysis of market structure.
Volume History — shows where the largest volume was traded from the center of the range. If the volume is greater in the upper part of the range, the color will be green. If the volume is greater in the lower part, the color will be red.
Range Filtering — Includes multi-level filtering options to avoid ranges that are too volatile or outside normal ranges.
Visual Customization — Shows graphical indicators for potential bullish or bearish crossovers at the upper and lower range boundaries. Users can choose the style and color of the lines, making it easier to visualize ranges and important levels on the chart.
Alerts — system will notify you when a range has been created and also when the price leaves the range.
⭕️ How it works
Extremes (Pivot Points) are taken as a basis, after confirming the relevance of the extremes we take the upper and lower extremes and form a range. We check if it does not violate a number of rules and filters, perform volume calculations, and only then is the range displayed.
Pivot points is a built-in feature that shows an extremum if it has not been updated N bars to the left and N bars to the right. Therefore, there is a delay depending on the bars specified to check, which allows for a more accurate range. This approach allows not to make unnecessary recalculations, which completely eliminates the possibility of redrawing or range changes.
⭕️ Settings
Left Bars and Right Bars — Allows you to define the point that is the highest among the specified number of bars to the left and right of this point.
Range Logic — Select from which point to draw the range. Maximums only, Minimums only or both.
Use Wick — Option to consider the wick of the candles when identifying Range.
Breakout Confirmation — The number of bars required to confirm a breakout, after which the range will close.
Minimum Range Length — Sets the minimum number of candles needed for a range to be considered valid.
Row Size — Number of levels to calculate POC. *Larger values increase the script load.
% Range Filter — Dont Show Range is than more N% of Average Range.
Multi Filter — Allows use of Bollinger Bands, ATR, SMA, or Highest-Lowest range channels for filtering ranges based on volatility.
Range Hit — Shows graphical labels when price hits the upper or lower boundaries of the range, signaling potential reversal or breakout points.
Range Start — Show points where Range was created.
Linear Regression Channel UltimateKey Features and Benefits
Logarithmic scale option for improved analysis of long-term trends and volatile markets
Activity-based profiling using either touch count or volume data
Customizable channel width and number of profile fills
Adjustable number of most active levels displayed
Highly configurable visual settings for optimal chart readability
Why Logarithmic Scale Matters
The logarithmic scale option is a game-changer for analyzing assets with exponential growth or high volatility. Unlike linear scales, log scales represent percentage changes consistently across the price range. This allows for:
Better visualization of long-term trends
More accurate comparison of price movements across different price levels
Improved analysis of volatile assets or markets experiencing rapid growth
How It Works
The indicator calculates a linear regression line based on the specified period
Upper and lower channel lines are drawn at a customizable distance from the regression line
The space between the channel lines is divided into a user-defined number of levels
For each level, the indicator tracks either:
- The number of times price touches the level (touch count method)
- The total volume traded when price is at the level (volume method)
The most active levels are highlighted based on this activity data
Understanding Touch Count vs Volume
Touch count method: Useful for identifying key support/resistance levels based on price action alone
Volume method: Provides insight into levels where the most trading activity occurs, potentially indicating stronger support/resistance
Practical Applications
Trend identification and strength assessment
Support and resistance level discovery
Entry and exit point optimization
Volume profile analysis for improved market structure understanding
This Linear Regression Channel indicator combines powerful statistical analysis with flexible visualization options, making it an invaluable tool for traders and analysts across various timeframes and markets. Its unique features, especially the logarithmic scale and activity profiling, provide deeper insights into market behavior and potential turning points.
Volume Heatmap 2024 | NXT2017 Christmas EditionHi big players around the world,
I wish you a merry christmas time.
Today I have a nice present for you: a new volume heatmap indicator for free using!
HISTORY
My first volume heatmap project got a lot of feedback and a big demand. You can find it here:
In this time pinescript version 4 was the newest one and I worked the first time with arrays.
Today we have pinescript version 5 and some new features. This is why I tried again with matrix function and the results are better than I expected.
HOW IT WORKS
The indicator calculates similar like the volume profile. It looks back and every volume where the close price is on the same row area, the volume will cumulated. How much rows the new chart view is showing, you can choose manually.
The mind behind this is to find high volume levels, where high volume catch the price in a range or get function as support/resistance line.
PICTURES
I hope it helps for your trading. You are welcome to give some comments.
Merry christmas and best regards
NXT2017
Position Cost DistributionThe Position Cost Distribution indicator (also known as the Market Position Overview, Chip Distribution, or CYQ Algorithm) provides an estimate of how shares are distributed across different price levels. Visually, it resembles the Volume Profile indicator, though they rely on distinct computational approaches.
🟠 Principle
The Position Cost Distribution algorithm is based on the principle that a security's total shares outstanding usually remains constant, except under conditions like stock splits, reverse splits, or new share issuance. It views all trading activity as simply exchanging share positions between holders at different price points.
By analyzing daily trade volume and the prior day's distribution, the algorithm infers the resulting share distribution after each day. By tracking these inferred transpositions over time, the indicator builds up an aggregate view of the estimated share concentration at each price level. This provides insights into potential buying and selling pressure zones that could form support or resistance areas.
Together with the Volume Profile, the Position Cost Distribution gives traders multiple lenses for examining market structure from both a volume and positional standpoint. Both can help identify meaningful technical price levels.
🟠 Algorithm
The algorithm initializes by allocating all shares to the price range encompassed by the first bar displayed on the chart. Preferably, the chart window should include the stock's IPO date, allowing the model to distribute shares specifically to the IPO price.
For subsequent trading sessions, the indicator performs the following calculations:
1. The daily turnover ratio is calculated by dividing the bar's trading volume by total outstanding shares.
2. For each price level (bucket), the number of shares is reduced by the turnover amount to represent shares transferring from existing holders.
3. The bar's total volume is then added to buckets corresponding to that period's price range.
Currently, the model assumes each share has an equal probability of being exchanged, regardless of how long ago it was acquired or at what price. Potential optimizations could incorporate factors like making shares held longer face a smaller chance of transfer compared to more recently purchased shares.
────────────────────────────────────────────
中文介绍：该指标为“筹码分布”的一个 TradingView 实现 :)
Multi-Asset Performance [Spaghetti] - By LeviathanThis indicator visualizes the cumulative percentage changes or returns of 30 symbols over a given period and offers a unique set of tools and data analytics for deeper insight into the performance of different assets.
Multi Asset Performance indicator (also called “Spaghetti”) makes it easy to monitor the changes in Price, Open Interest, and On Balance Volume across multiple assets simultaneously, distinguish assets that are overperforming or underperforming, observe the relative strength of different assets or currencies, use it as a tool for identifying mean reversion opportunities and even for constructing pairs trading strategies, detect "risk-on" or "risk-off" periods, evaluate statistical relationships between assets through metrics like correlation and beta, construct hedging strategies, trade rotations and much more.
Start by selecting a time period (e.g., 1 DAY) to set the interval for when data is reset. This will provide insight into how price, open interest, and on-balance volume change over your chosen period. In the settings, asset selection is fully customizable, allowing you to create three groups of up to 30 tickers each. These tickers can be displayed in a variety of styles and colors. Additional script settings offer a range of options, including smoothing values with a Simple Moving Average (SMA), highlighting the top or bottom performers, plotting the group mean, applying heatmap/gradient coloring, generating a table with calculations like beta, correlation, and RSI, creating a profile to show asset distribution around the mean, and much more.
One of the most important script tools is the screener table, which can display:
🔸 Percentage Change (Represents the return or the percentage increase or decrease in Price/OI/OBV over the current selected period)
🔸 Beta (Represents the sensitivity or responsiveness of asset's returns to the returns of a benchmark/mean. A beta of 1 means the asset moves in tandem with the market. A beta greater than 1 indicates the asset is more volatile than the market, while a beta less than 1 indicates the asset is less volatile. For example, a beta of 1.5 means the asset typically moves 150% as much as the benchmark. If the benchmark goes up 1%, the asset is expected to go up 1.5%, and vice versa.)
🔸 Correlation (Describes the strength and direction of a linear relationship between the asset and the mean. Correlation coefficients range from -1 to +1. A correlation of +1 means that two variables are perfectly positively correlated; as one goes up, the other will go up in exact proportion. A correlation of -1 means they are perfectly negatively correlated; as one goes up, the other will go down in exact proportion. A correlation of 0 means that there is no linear relationship between the variables. For example, a correlation of 0.5 between Asset A and Asset B would suggest that when Asset A moves, Asset B tends to move in the same direction, but not perfectly in tandem.)
🔸 RSI (Measures the speed and change of price movements and is used to identify overbought or oversold conditions of each asset. The RSI ranges from 0 to 100 and is typically used with a time period of 14. Generally, an RSI above 70 indicates that an asset may be overbought, while RSI below 30 signals that an asset may be oversold.)
⚙️ Settings Overview:
◽️ Period
Periodic inputs (e.g. daily, monthly, etc.) determine when the values are reset to zero and begin accumulating again until the period is over. This visualizes the net change in the data over each period. The input "Visible Range" is auto-adjustable as it starts the accumulation at the leftmost bar on your chart, displaying the net change in your chart's visible range. There's also the "Timestamp" option, which allows you to select a specific point in time from where the values are accumulated. The timestamp anchor can be dragged to a desired bar via Tradingview's interactive option. Timestamp is particularly useful when looking for outperformers/underperformers after a market-wide move. The input positioned next to the period selection determines the timeframe on which the data is based. It's best to leave it at default (Chart Timeframe) unless you want to check the higher timeframe structure of the data.
◽️ Data
The first input in this section determines the data that will be displayed. You can choose between Price, OI, and OBV. The second input lets you select which one out of the three asset groups should be displayed. The symbols in the asset group can be modified in the bottom section of the indicator settings.
◽️ Appearance
You can choose to plot the data in the form of lines, circles, areas, and columns. The colors can be selected by choosing one of the six pre-prepared color palettes.
◽️ Labeling
This input allows you to show/hide the labels and select their appearance and size. You can choose between Label (colored pointed label), Label and Line (colored pointed label with a line that connects it to the plot), or Text Label (colored text).
◽️ Smoothing
If selected, this option will smooth the values using a Simple Moving Average (SMA) with a custom length. This is used to reduce noise and improve the visibility of plotted data.
◽️ Highlight
If selected, this option will highlight the top and bottom N (custom number) plots, while shading the others. This makes the symbols with extreme values stand out from the rest.
◽️ Group Mean
This input allows you to select the data that will be considered as the group mean. You can choose between Group Average (the average value of all assets in the group) or First Ticker (the value of the ticker that is positioned first on the group's list). The mean is then used in calculations such as correlation (as the second variable) and beta (as a benchmark). You can also choose to plot the mean by clicking on the checkbox.
◽️ Profile
If selected, the script will generate a vertical volume profile-like display with 10 zones/nodes, visualizing the distribution of assets below and above the mean. This makes it easy to see how many or what percentage of assets are outperforming or underperforming the mean.
◽️ Gradient
If selected, this option will color the plots with a gradient based on the proximity of the value to the upper extreme, zero, and lower extreme.
◽️ Table
This section includes several settings for the table's appearance and the data displayed in it. The "Reference Length" input determines the number of bars back that are used for calculating correlation and beta, while "RSI Length" determines the length used for calculating the Relative Strength Index. You can choose the data that should be displayed in the table by using the checkboxes.
◽️ Asset Groups
This section allows you to modify the symbols that have been selected to be a part of the 3 asset groups. If you want to change a symbol, you can simply click on the field and type the ticker of another one. You can also show/hide a specific asset by using the checkbox next to the field.
TradeMaster ProTrading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. To address this, we present a powerful indicator package designed to assist traders on their journey to success.
The TradeMaster indicator package encompasses a variety of trading strategies, including the SMC (Supply, Demand, and Price Action) approach, along with many other techniques. By leveraging concepts such as price action trading, support and resistance analysis, supply and demand dynamics, these indicators can empower traders to analyze entry and exit positions with precision. Unlike other forms of technical analysis that produce values or plots based on historical price data, Price Action brings you the facts straight from the source - the current price movements.
The indicator package consists of three powerful indicators that can be used individually or together to maximize trading effectiveness.
⭐ About the Pro Indicator
The Pro indicator is the cornerstone of the package, offering a comprehensive range of functions. It's strength lies in our unique structure calculation, which is based on real price action data, capturing every ticks from small intraday fluctuations to the significant high timeframe movements. The Pro Indicator reflects our personal use and deep comprehension of Smart Money Concepts. It provides streamlined tools for tracking algorithmic trends with modern visualizations, without unnecessary clutter.
In the ever-evolving trading landscape, mainstream methods and strategies can quickly become outdated as they are widely adopted. Liquidity is constantly sought after, and the best source for this is exploring and exploiting trading strategies that are widely accepted and applied. Currently, one of these strategies is the SMC (Supply, Demand, and Price Action).
It's no coincidence that our educational materials incorporate concepts such as liquidity grabs (LG) and Smart Money Traps (SMT). As the application of SMC gains popularity among retail traders, trading with this approach becomes more challenging. Therefore, the recent focus has been on reforming the SMC methodology, as it is the only method that relies on real price movements and will always work when applied correctly.
▸ What does proper application of SMC entail?
Many SMC traders associate their key areas of interest with the market structure, which is generally considered acceptable. However, depending solely on a single foundation can lead to significant deviations, which may cause notable impacts on trading results. Moreover, if the basis for the market structure calculation is inaccurate, the consequences can be even more severe. It's akin to risking money on a lottery ticket, believing it will be a winner.
Our methodology is different, and it may ensure longevity in the financial markets. The structure remains crucial, but it is not the sole foundation of everything; instead, it serves as a validation tool. Each calculation, such as order blocks (OB), Fair Value Gaps (FVG), liquidity grabs (LG), range analysis, and more, is independent and unique, separate from the structure. However, validation must ultimately come from the structure itself.
We employ individual and high-quality filters: before a function calculation is validated by the structure, it must undergo rigorous testing based on its own set of validation conditions. This approach aims to enhance robustness and accuracy, providing traders with a reliable framework for making informed trading decisions.
▸ An example for structure validation: Order Block with "Swing Sensitivity"
These order blocks will only be displayed and utilized by the script if there is a swing structure validation with a valid break. In other words, the presence of a confirmed swing Change of Character (ChoCh) or Break of Structure (BoS) is essential for the Order Block to be considered valid and relevant.
This approach ensures that the order blocks are aligned with the overall market structure and are not based on isolated or unreliable price movements. Whether it's Fair Value Gaps (FVG), Liquidity Grabs (LG), Range calculations, or other functionalities, the same underlying principle holds true. The background structure calculation serves as a validation mechanism for the data and insights generated by these functions, ensuring they adhere to the specific criteria and rules established within our methodology. By incorporating this robust validation process, traders can have confidence in the reliability and accuracy of the information provided by the indicator, allowing them to make informed trading decisions based on validated data and analysis.
👉 Usage - the general approach:
Determine your trading style using the Pro Indicator and build your basic strategy. This indicator helps you understand your trading style, whether it's swing trading, scalping or another approach. By analyzing the Pro Indicator, you gain valuable information about potential market trends, entry and exit points, and overall market sentiment.
👉 Example of usage:
In the following chart, you'll notice how we've utilized the indicator to formulate a strategic trading approach. We've employed Order Blocks equipped with volume parameters to identify crucial market zones. Simultaneously, we've leveraged swing/internal market structures to gain insights into potential long and short-term market turnarounds. Lastly, we've examined trend line liquidity zones to pinpoint probable impulses and breakouts within ongoing trends.
Now we can see how the price descended to the order block with the highest volume, which we had previously marked as our point of interest for an entry. As the price closed below the median Order Block, we noted its mitigation. After an internal CHoCH, it's directing us towards the main Order Block as a target.
👉 Smart Money Concepts Functions
Market Structure: identifies and marks key structural changes in the market, in order to visually highlight shifts in market trends and patterns. This feature is designed to alert you of significant changes in the market's behavior, signaling a potential shift from accumulation to distribution phase, or vice versa. It helps traders adapt their strategies based on evolving market dynamics.
Order Blocks: pinpoints crucial zones where large institutional investors ("smart money") have shown strong buying or selling interest recently. Order blocks can serve as a tool for identifying key levels for potential trade entries or exits.
FVGs (Fair Value Gaps): detects discrepancies between the perceived market value and actual market price, revealing potential areas for price correction. With its mitigation settings, you can fine-tune the FVG detection according to the magnitude of value misalignment you consider significant.
Liquidity Grabs: helps track "smart money" footprints by identifying levels where large institutional traders may have induced liquidity traps. Understanding these traps can aid in avoiding false market moves and optimizing trade entries.
Automatic Fibonacci Tool: Simplifying the task of identifying key Fibonacci retracement and extension levels, this tool ties Fibonacci levels to the structure for you. It aids in recognizing significant support and resistance levels, providing a clearer understanding of potential price movements.
The Smart Money Concepts trading strategy - combined with these dynamic features - becomes a powerful analytical asset for any trader, providing in-depth insights into market dynamics, trends, and potential opportunities.
👉 Algorithmic trend and dynamic support and resistance
Trend Rainbow: This proprietary feature uses our unique TRMA** method to define short-term, medium-term, and long-term market trends. It incorporates state-of-the-art visualization techniques to render the trend information in an intuitive, easily interpretable manner. It's a 21st-century tool designed for the modern trader who values both precision and simplicity.
Multi-Timeframe Moving Averages: This feature allows traders to simultaneously monitor moving averages across multiple timeframes, providing a comprehensive perspective on market trends. It helps identify dynamic support and resistance zones, key levels where price movements are likely to slow down or reverse. This function not only aids in planning potential trade entries and exits, but also calculates the precise percentage distance to these levels. Can be as well crucial for risk management, enabling traders to set stop losses and profit targets based on solid, data-driven analysis. The Multi-Timeframe Moving Averages function is a versatile tool that combines strategic planning and risk control into a single, easy-to-use feature.
👉 Unlock the Hidden Market Dynamics
Market Sessions: This feature - by default - provides a clear representation of the four major global trading sessions. Each session is distinctly marked on your trading chart, helping you visualize the specific time periods when these markets are most active. Recognizing these sessions is critical for understanding market dynamics, as the opening and closing of major markets can lead to significant price movements. Whether you're a day trader looking to exploit intra-day volatility or a long-term investor wanting to understand broader market trends, the Market Sessions feature can be a useful tool in your trading toolkit.
Divergence Functions: allow the use of unique indicators along with our proprietary ones to detect potential price reversals. As each asset has a different market maker, divergences can vary greatly across different charts and timeframes. With our Divergence Ranking Table, you can quickly determine which divergences have the highest success rates and which are the least successful on a given chart. This feature allows you to adapt your strategies to the most effective signals, enhancing your trading decisions and boosting your potential profits.
Volume Profile with delta: This feature may give traders an edge by providing an in-depth view of market activity. It illustrates the amount of trading volume at different price levels, combined with the 'delta', which is the difference between buying and selling volume. This information allows you to see areas of high trading activity and understand whether the volume is pushing the price up or down. This real-time insight into the market's supply and demand can be instrumental in identifying key support and resistance levels, predicting potential reversals, and recognizing where the market is likely to move. Similarly to Fibonacci tool, Volume Profile can be tied to the current market structure.
👉 Improve Trading Decisions
Range: This innovative feature assists traders in determining discount, premium, and equilibrium zones. It provides a unique way of visualizing price areas where a security could be overbought or oversold (premium or discount zones), and where the price is expected to be fair and balanced (equilibrium zone). Distance from current price is displayed in percentage terms, which can assist traders with crucial data for risk management and strategic planning. The Range function helps you identify the most favorable price zones for entries and set your stop-loss and take-profit levels more accurately.
Previous OHLC: This functionality offers the capability to display the previous Open, High, Low, Close values. It is primarily set on the daily timeframe and serves as an important reference for traders. Having an overview of these key levels from the previous day gives you a solid foundation on which to base today's trading decisions. Recognizing these levels can help you predict potential turning points in the market, providing an advantage in your trading strategy.
Smart Money Zones: our secret weapon for swing traders. Similarly to order blocks, these zones can accurately identify crucial areas of strong buying or selling interest by large institutional investors. However while Order Blocks focus on recent price action, Smart Money Zones take the whole chart into consideration, resulting in more established support and demand zones.
The summary graph combines six unique indicators (Momentum, Trend Strength, Volume, Volatility, Asset Strength, and Sentiment) along with Structure and Sessions. These indicators use our TRMA** method to provide a comprehensive overview of market dynamics. By consolidating these indicators into a single graph, traders can gain valuable insights into the overall market landscape.
** TRMA (Trend Rainbow Moving Averages) is a complex but customizable moving average matrix calculation that is designed to measure market trend direction, strength and shifting.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
FFH Market structure v1The indicator determines the trend, its direction, confirmed trend, trend breakout levels (BoS), sideways ranges, volume profile point of control levels (vPoC) - all of this is conveniently displayed on the chart and helps complement your technical analysis.
The main idea of the script is to trade volume profile levels (vPoC) by identifying trends and sideways ranges. The script detect them and provides signals as soon as it detects a reaction from a volume level. You then complement these signals with your own technical analysis and make a decision to enter a trade. The script was developed solely to facilitate trading and address the issue of convenient visualization. Structure breakout levels are displayed as additional confirmations for making trading decisions. If we form a sideways range below/above such a trading level, it is a strong signal for me.
For sideways ranges, a volume level is calculated (vPoC), which also serves as input information for the signal engine. Signals are generated based on volume levels, with the calculation of stop loss (SL) and take profit (TP) levels. The SL is set at a certain percentage of the range boundaries or the previous high/low, as specified by a parameter. Targets are calculated intelligently based on trend reversal levels and volume levels.
The indicator parameters are individually tailored to each coin. The number of bars to determine the high/low is adjusted, as well as the allowable price deviation for defining the range boundaries on the first level. There are three modes for determining the sideways range, and data sources for highs/lows can be chosen (high/low/candle close, etc.). To make it more convenient for you to work with the indicator, there is an algorithm for automatic parameter adjustment built-in.
Currently script _only_ works for:
* BTC on 1-hour, 4-hour, and 1-day timeframes.
* ETC on 1-hour, 4-hour, and 1-day timeframes.
* Any altcoin on a 1-day timeframe.
The script will be beneficial to both novice traders, helping them understand market structure, sideways ranges, and identifying structure breakouts, as well as experienced traders, facilitating the process of plotting market structure elements on the chart and making trading decisions.
In any case, this script is not an investment idea.
All trading decisions you make based on the script are made independently and at your own risk.
Liquidity PeaksThe "Liquidity Peaks" indicator is a tool designed to identify significant supply and demand zones based on volumetric analysis. It analyzes the volume profile within a specified lookback range to pinpoint the most volumetric point and draw corresponding zones on the price chart.
The 𝐋𝐢𝐪. 𝐏𝐞𝐚𝐤𝐬 indicator utilizes volume data to identify key supply and demand areas on the price chart. By examining the volume profile within a defined lookback range, it highlights three distinct zones: liquidity grab, volume containment, and the most volumetric point.
Zones and their meanings:
Liquidity grab (Orange box): This zone represents a price level where there is a significant swipe of the previous demand zone within the volume range. It indicates a potential shift in market sentiment and serves as a key supply or demand area.
Volume containment (Gray box): This zone displays the area of volume contained before the peak in volume. It provides insights into the range where buying or selling pressure was concentrated, highlighting potential support or resistance levels.
Most volumetric point (Light blue box): This zone represents the point within the lookback range that exhibits the highest volume. It signifies a significant area of market interest and indicates a potential supply or demand level.
Adjustable options:
Adjust liquidity Grab: This option allows you to adjust the size of the boxes. When enabled, the box size is set to twice the size of the high or low of the candle's wick. This adjustment enhances the visibility and accuracy of identifying swipes at specific price levels.
Show origin: Enabling this option ensures that the liquidity boxes are drawn from the wick they were created from. This provides a clear visual reference to the specific candle and highlights the liquidity levels associated with it.
Utility:
The 𝐋𝐢𝐪. 𝐏𝐞𝐚𝐤𝐬 indicator is a valuable tool for traders and investors seeking to identify significant supply and demand zones in the market. By analyzing volume data and drawing corresponding zones on the chart, it helps to pinpoint areas where buying or selling pressure is likely to emerge.
Traders can utilize this information to identify potential support and resistance levels, plan their entries and exits, and make more informed trading decisions. The liquidity grab zones can act as potential reversal or breakout points, while the volume containment zones and most volumetric points provide insights into areas of high market interest.
It is important to note that this indicator should be used in conjunction with other technical analysis tools and indicators to confirm trading signals and validate market dynamics.
Example Charts:
Supply and Demand Daily [LuxAlgo]The Supply and Demand Daily indicator displays daily supply and demand areas on the user's chart. These areas are constructed using the market data within a previous daily interval.
This script makes use of the same logic as our previous Supply and Demand Visible Range indicator .
🔶 USAGE
The supply/demand areas & levels displayed by the indicator aim to provide potential support/resistance levels for users. Supply areas highlight where buyers are willing to exit the market and sell the asset, thus providing resistance and potentially causing prices to reverse or bounce back downwards, while demand areas highlights where buyers were willing to purchase the asset, thus providing support and potentially causing prices to reverse or bounce back upwards.
Historical areas allow the user to study the evolution of supply/demand from one day to another. Wider areas highlight prices avoiding reverting to this area, while thinner areas highlight prices returning more frequently to them.
Trends can be determined by looking at the price position relative to the previous day's supply/demand areas. Price breaking down from the demand zone is indicative of a downtrend, while price breaking above the supply zone is indicative of an uptrend.
Pullback/throwback scenarios can also be common using this indicator.
🔶 SETTINGS
Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas.
Resolution: Determines the number of bins used to find each area. Higher values will return more precise results.
Intra-bar TF: Timeframe used to obtain intra-bar data.
🔶 RELATED SCRIPTS
OBVoscillatorTitle: OBV Oscillator
Author: OsborneCapital
The OBV (On Balance Volume) Oscillator developed by OsborneCapital is a distinctive variant from commonly published OBV indicators. This script capitalizes on the primary concept of the OBV, which is to cumulatively add or subtract the entire volume of each bar to a total, based on whether the closing price was higher or lower than the previous close. However, the OBV Oscillator by OsborneCapital improves upon this by introducing an additional layer of analysis.
Key Differences:
Oscillator Formulation:
The original OBV serves as a cumulative measure of buying and selling pressure. It does not naturally oscillate around a zero line. This script transforms OBV into an oscillator, offering a normalized view around a baseline (zero) for a more intuitive interpretation of buying and selling pressure.
Normalized Scaling:
The OBV Oscillator scales the OBV values down by a user-defined factor (default 1000), helping adapt the indicator to the magnitudes of the underlying market's volume profile.
Moving Average Comparison:
This script compares the scaled OBV with a Moving Average (MA) over a user-defined period, enhancing the visibility of divergences and convergences between volume trends and price action.
Usage:
The OBV Oscillator by OsborneCapital provides visual cues about the underlying buying or selling pressure, which is not directly visible from the price chart:
- Above zero line: Suggests the dominance of buying pressure, which may indicate an ongoing bullish sentiment.
- Below zero line: Indicates the dominance of selling pressure, hinting at bearish sentiment.
- Crossing the zero line: A change in the trend's direction, from bullish to bearish or vice versa.
Markets and Conditions:
The OBV Oscillator can be used across various markets, including but not limited to stocks, forex, cryptocurrencies, commodities, and futures. As this script fundamentally builds on volume analysis, it tends to be more effective in markets where volume information is reliable and significant.
It's always recommended to use this tool in conjunction with other indicators and analysis methods, as it mainly provides insights into volume trends and doesn't consider price levels or price-based trends. The indicator can be particularly effective in identifying potential breakouts when there's a divergence between the OBV Oscillator and the price trend.
Please remember, no indicator alone can guarantee success in trading, and a comprehensive approach, including risk management, should always be employed.
Tick Profile HeatmapThis is a market internal TICK heatmap with the intent of displaying areas of price associated to stronger reactions with NYSE TICK (by default).
This code is based off of a variation of a Volume Profile coded originally by colejustice who originally used code from LuxAlgo . The full-width volume bars that colejustice setup were replaced with full-width bars representative of TICK breaking +/- $500, the current cumulative value representing the "heat" is comprised of hlc3 by default but that can be changed. In a future update I may add additional logic here to capture highs and lows in the heatmap specifically, and perhaps additional colors.
As with other traditional profiling studies, this indicators purpose is to visualize correspondence to specific price levels, allowing rapid assessment where the most TICK activity is occurring, and where it hasn't been. This information may provide areas of support and resistance and regions where price may move quickly repeatedly.
All of the same input guidance that colejustice provided is the same for those pre-existing inputs:
Inputs are set up such that you can customize the lookback period, number of rows, and width of rows for most major timeframes individually. Timeframes between those available will use the next lower timeframe settings (e.g., 2m chart will use the 1m settings.)
Zero usage of volume is present in this indicator, only TICK data so please don't confuse it with volume studies.
Modified TradingView's Up/Down Volume [vnhilton]
When plotting columns, histograms, etc. You'll notice that the indicator does not stick to the bottom of the pane. To fix this, you need another indicator (we'll call this 'placeholder') in the same pane as this indicator. Pin the placeholder indicator to the left scale, & pin the main indicator to the left scale. Then, pin the placeholder indicator to scale A, & finally the main indictor to the right scale.
Note: On the daily timeframes & higher, the up/down volume isn't accurate. Therefore, I've added a feature where you can toggle on the main indicator to disappear & only show ordinary total volume similar to the TradingView volume indicator.
The original code belongs to TradingView. This is a modified indicator that displays the down volume above the up volume similar to the volume profile. Also includes a moving average using the total volume, & a feature to display ordinary volume to solve the up/down inaccuracies on the daily timeframe & higher.
