Matrix Series and Vix Fix with VWAP CCI and QQE SignalsMatrix Series and Vix Fix with VWAP CCI and QQE Signals
Short Title: Advanced Matrix
Purpose
This Pine Script combines multiple technical analysis tools to create a comprehensive trading indicator. It incorporates elements like support/resistance zones, overbought/oversold conditions, Williams Vix Fix, QQE (Quantitative Qualitative Estimation) signals, VWAP CCI signals, and a 200-period SMA for trend filtering. The goal is to provide actionable buy and sell signals with enhanced visualization.
Key Features and Components
1. Matrix Series
Smoothing Input: Allows customization of EMA smoothing for the indicator (default: 5).
Support/Resistance Zones: Based on CCI (Commodity Channel Index) values.
Dynamic zones calculated with customizable parameters (SupResPeriod, SupResPercentage, PricePeriod).
Candlestick Visualization: Custom candlestick plots with colors indicating trends.
Dynamic levels for overbought/oversold conditions.
2. Overbought/Oversold Signals
Overbought and oversold levels are adjustable (ob and os).
Plots circles on the chart to highlight extreme conditions.
3. Williams Vix Fix
Identifies potential reversal points by analyzing volatility.
Uses Bollinger Bands and percentile thresholds to detect high-probability entries.
Includes two alert levels (alert1 and alert2) with customizable criteria for signal filtering.
4. QQE Signals
Based on the smoothed RSI and QQE methodology.
Detects trend changes using adaptive ATR bands (FastAtrRsiTL).
Plots long and short signals when specific conditions are met.
5. VWAP CCI Signals
Combines VWAP and CCI for additional trade signals.
Detects crossovers and crossunders of CCI levels (-200 and 200) to generate long and short signals.
6. 200 SMA
A 200-period simple moving average is plotted to act as a trend filter.
The script rules recommend buying only when the price is above the SMA200.
Customizable Inputs
General:
Smoothing, support/resistance periods, overbought/oversold levels.
Williams Vix Fix:
Lookback periods, Bollinger Band settings, percentile thresholds.
QQE:
RSI length, smoothing factor, QQE factor, and threshold values.
VWAP CCI:
Length for calculating deviations.
Visual Elements
Dynamic candlestick colors to indicate trend direction.
Overbought/oversold circles for extreme price levels.
Resistance and support lines.
Labels and shapes for buy/sell signals from Vix Fix, QQE, and VWAP CCI.
Alerts
Alerts are configured for the Matrix Series (e.g., "BUY MATRIX") and other components, ensuring traders are notified when significant conditions are met.
Intended Use
This indicator is designed for traders seeking a multi-faceted tool to analyze market trends, identify potential reversal points, and generate actionable trading signals. It combines traditional indicators with advanced techniques for comprehensive market analysis.
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NVOL Normalized Volume & VolatilityOVERVIEW
Plots a normalized volume (or volatility) relative to a given bar's typical value across all charted sessions. The concept is similar to Relative Volume (RVOL) and Average True Range (ATR), but rather than using a moving average, this script uses bar data from previous sessions to more accurately separate what's normal from what's anomalous. Compatible on all timeframes and symbols.
Having volume and volatility processed within a single indicator not only allows you to toggle between the two for a consistent data display, it also allows you to measure how correlated they are. These measurements are available in the data table.
DATA & MATH
The core formula used to normalize each bar is:
( Value / Basis ) × Scale
Value
The current bar's volume or volatility (see INPUTS section). When set to volume, it's exactly what you would expect (the volume of the bar). When set to volatility, it's the bar's range (high - low).
Basis
A statistical threshold (Mean, Median, or Q3) plus a Sigma multiple (standard deviations). The default is set to the Mean + Sigma × 3 , which represents 99.7% of data in a normal distribution. The values are derived from the current bar's equivalent in other sessions. For example, if the current bar time is 9:30 AM, all previous 9:30 AM bars would be used to get the Mean and Sigma. Thus Mean + Sigma × 3 would represent the Normal Bar Vol at 9:30 AM.
Scale
Depends on the Normalize setting, where it is 1 when set to Ratio, and 100 when set to Percent. This simply determines the plot's scale (ie. 0 to 1 vs. 0 to 100).
INPUTS
While the default configuration is recommended for a majority of use cases (see BEST PRACTICES), settings should be adjusted so most of the Normalized Plot and Linear Regression are below the Signal Zone. Only the most extreme values should exceed this area.
Normalize
Allows you to specify what should be normalized (Volume or Volatility) and how it should be measured (as a Ratio or Percentage). This sets the value and scale in the core formula.
Basis
Specifies the statistical threshold (Mean, Median, or Q3) and how many standard deviations should be added to it (Sigma). This is the basis in the core formula.
Mean is the sum of values divided by the quantity of values. It's what most people think of when they say "average."
Median is the middle value, where 50% of the data will be lower and 50% will be higher.
Q3 is short for Third Quartile, where 75% of the data will be lower and 25% will be higher (think three quarters).
Sample
Determines the maximum sample size.
All Charted Bars is the default and recommended option, and ignores the adjacent lookback number.
Lookback is not recommended, but it is available for comparisons. It uses the adjacent lookback number and is likely to produce unreliable results outside a very specific context that is not suitable for most traders. Normalization is not a moving average. Unless you have a good reason to limit the sample size, do not use this option and instead use All Charted Bars .
Show Vol. name on plot
Overlays "VOLUME" or "VOLATILITY" on the plot (whichever you've selected).
Lin. Reg.
Polynomial regressions are great for capturing non-linear patterns in data. TradingView offers a "linear regression curve", which this script uses as a substitute. If you're unfamiliar with either term, think of this like a better moving average.
You're able to specify the color, length, and multiple (how much to amplify the value). The linear regression derives its value from the normalized values.
Norm. Val.
This is the color of the normalized value of the current bar (see DATA & MATH section). You're able to specify the default, within signal, and beyond signal colors. As well as the plot style.
Fade in colors between zero and the signal
Programmatically adjust the opacity of the primary plot color based on it's normalized value. When enabled, values equal to 0 will be fully transparent, become more opaque as they move away from 0, and be fully opaque at the signal. Adjusting opacity in this way helps make difference more obvious.
Plot relative to bar direction
If enabled, the normalized value will be multiplied by -1 when a bar's open is greater than the bar's close, mirroring price direction.
Technically volume and volatility are directionless. Meaning there's really no such thing as buy volume, sell volume, positive volatility, or negative volatility. There is just volume (1 buy = 1 sell = 1 volume) and volatility (high - low). Even so, visually reflecting the net effect of pricing pressure can still be useful. That's all this setting does.
Sig. Zone
Signal zones make identifying extremes easier. They do not signal if you should buy or sell, only that the current measurement is beyond what's normal. You are able to adjust the color and bounds of the zone.
Int. Levels
Interim levels can be useful when you want to visually bracket values into high / medium / low. These levels can have a value anywhere between 0 and 1. They will automatically be multiplied by 100 when the scale is set to Percent.
Zero Line
This setting allows you to specify the visibility of the zero line to best suit your trading style.
Volume & Volatility Stats
Displays a table of core values for both volume and volatility. Specifically the actual value, threshold (mean, median, or Q3), sigma (standard deviation), basis, normalized value, and linear regression.
Correlation Stats
Displays a table of correlation statistics for the current bar, as well as the data set average. Specifically the coefficient, R2, and P-Value.
Indices & Sample Size
Displays a table of mixed data. Specifically the current bar's index within the session, the current bar's index within the sample, and the sample size used to normalize the current bar's value.
BEST PRACTICES
NVOL can tell you what's normal for 9:30 AM. RVOL and ATR can only tell you if the current value is higher or lower than a moving average.
In a normal distribution (bell curve) 99.7% of data occurs within 3 standard deviations of the mean. This is why the default basis is set to "Mean, 3"; it includes the typical day-to-day fluctuations, better contextualizing what's actually normal, minimizing false positives.
This means a ratio value greater than 1 only occurs 0.3% of the time. A series of these values warrants your attention. Which is why the default signal zone is between 1 and 2. Ratios beyond 2 would be considered extreme with the default settings.
Inversely, ratio values less than 1 (the normal daily fluctuations) also tell a story. We should expect most values to occur around the middle 3rd, which is why interim levels default to 0.33 and 0.66, visually simplifying a given move's participation. These can be set to whatever you like and only serve as visual aids for your specific trading style.
It's worth noting that the linear regression oscillates when plotted directionally, which can help clarify short term move exhaustion and continuation. Akin to a relative strength index (RSI), it may be used to inform a trading decision, but it should not be the only factor.
RSI+EMA+MZONES with DivergencesFeatures:
1. RSI Calculation:
Uses user-defined periods to calculate the RSI and visualize momentum shifts.
Plots key RSI zones, including upper (overbought), lower (oversold), and middle levels.
2. EMA of RSI:
Includes an Exponential Moving Average (EMA) of the RSI for trend smoothing and confirmation.
3. Bullish and Bearish Divergences:
Detects Regular divergences (labeled as “Bull” and “Bear”) for classic signals.
Identifies Hidden divergences (labeled as “H Bull” and “H Bear”) for potential trend continuation opportunities.
4. Customizable Labels:
Displays divergence labels directly on the chart.
Labels can be toggled on or off for better chart visibility.
5. Alerts:
Predefined alerts for both regular and hidden divergences to notify users in real time.
6. Fully Customizable:
Adjust RSI period, lookback settings, divergence ranges, and visibility preferences.
Colors and styles are easily configurable to match your trading style.
How to Use:
RSI Zones: Use RSI and its zones to identify overbought/oversold conditions.
EMA: Look for crossovers or confluence with divergences for confirmation.
Divergences: Monitor for “Bull,” “Bear,” “H Bull,” or “H Bear” labels to spot key reversal or continuation signals.
Alerts: Set alerts to be notified of divergence opportunities without constant chart monitoring.
Adaptive Volatility-Scaled Oscillator [AVSO] (Zeiierman)█ Overview
The Adaptive Volatility-Scaled Oscillator (AVSO) is a dynamic trading indicator that measures and visualizes volatility-adjusted market behavior. By scaling various metrics (such as volume, price changes, standard deviation, ATR, and Yang-Zhang volatility) and applying adaptive smoothing, AVSO helps traders identify market conditions where volatility deviates significantly from the norm.
This indicator uses standardized scaling (Z-Score logic) to highlight periods of abnormally high or low volatility relative to recent history. With gradient coloring and clear volatility zones, AVSO provides a visually intuitive way to analyze market volatility and adapt trading strategies accordingly.
█ How It Works
⚪ Scaling Metrics: The indicator scales user-selected metrics (e.g., volume, ATR, standard deviation) relative to the market and price, providing a standardized volatility measure.
⚪ Z-Score Standardization: The scaled metric is normalized using a Z-Score to measure how far current volatility deviates from its recent mean.
Positive Z-Score: Above-average volatility.
Negative Z-Score: Below-average volatility.
⚪ Adaptive Smoothing: An Adaptive EMA smooths the Z-Score, dynamically adjusting its length based on the strength of the volatility. Stronger deviations result in shorter smoothing, increasing responsiveness.
█ Unique Feature: Yang-Zhang Volatility
The Yang-Zhang volatility estimator sets this indicator apart by providing a more robust and accurate measure of volatility compared to traditional methods like ATR or standard deviation.
⚪ What Makes Yang-Zhang Volatility Unique?
Comprehensive Calculation: It combines overnight price gaps (log returns from the previous close to the current open) and intraday price movements (high, low, and close).
Accurate for Gapped Markets: Traditional volatility measures can misrepresent price movement when significant gaps occur between sessions. Yang-Zhang accounts for these gaps, making it highly reliable for assets prone to overnight price jumps, such as stocks, cryptocurrencies, and futures.
Adaptable to Real Market Conditions : By including both close-to-open returns and intraday volatility, it provides a balanced and adaptive measure that captures the full volatility picture.
⚪ Why This Matters to Traders
Better Volatility Insights: Yang-Zhang offers a clearer view of true market volatility, especially in markets with price gaps or uneven trading sessions.
Improved Trade Timing: By identifying volatility spikes and calm periods more effectively, traders can time their entries and exits with greater confidence.
█ How to Use
Identify High and Low Volatility
A high Z-Score (>2) indicates significant market volatility. This can signal momentum-driven moves, breakouts, or areas of increased risk.
A low Z-Score (<-2) suggests low volatility or a calm market environment. This often occurs before a potential breakout or reversal.
Trade Signals
High Volatility Zones (background highlight): Monitor for potential breakouts, trend continuations, or reversals.
Low Volatility Zones: Anticipate range-bound conditions or upcoming volatility spikes.
█ Settings
Source: Select the price source for scaling calculations (close, high, low, open).
Metric Measure: Choose the volatility measure:
Volume: Scales raw volume.
Close: Uses closing price changes.
Standard Deviation: Price dispersion.
ATR: Average True Range.
Yang: Yang-Zhang volatility estimate.
Bars to Analyze: Number of historical bars used to calculate the mean and standard deviation of the scaled metric.
ATR / Standard Deviation Period: Lookback period for ATR or Standard Deviation calculation.
Yang Volatility Period: Period for the Yang-Zhang volatility estimator.
Smoothing Period: Base smoothing length for the adaptive smoothing line.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
WhalenatorThis custom TradingView indicator combines multiple analytic techniques to help identify potential market trends, areas of support and resistance, and zones of heightened trading activity. It incorporates a SuperTrend-like line based on ATR, Keltner Channels for volatility-based price envelopes, and dynamic order blocks derived from significant volume and pivot points. Additionally, it highlights “whale” activities—periods of exceptionally large volume—along with an estimated volume profile level and approximate bid/ask volume distribution. Together, these features aim to offer traders a more comprehensive view of price structure, volatility, and institutional participation.
This custom TradingView indicator integrates multiple trading concepts into a single, visually descriptive tool. Its primary goal is to help traders identify directional bias, volatility levels, significant volume events, and potential support/resistance zones on a price chart. Below are the main components and their functionalities:
SuperTrend-Like Line (Trend Bias):
At the core of the indicator is a trend-following line inspired by the SuperTrend concept, which uses Average True Range (ATR) to adaptively set trailing stop levels. By comparing price to these levels, the line attempts to indicate when the market is in an uptrend (price above the line) or a downtrend (price below the line). The shifting levels can provide a dynamic sense of direction and help traders stay with the predominant trend until it shifts.
Keltner Channels (Volatility and Range):
Keltner Channels, based on an exponential moving average and Average True Range, form volatility-based envelopes around price. They help traders visualize whether price is extended (touching or moving outside the upper/lower band) or trading within a stable range. This can be useful in identifying low-volatility consolidations and high-volatility breakouts.
Dynamic Order Blocks (Approximations of Supply/Demand Zones):
By detecting pivot highs and lows under conditions of significant volume, the indicator approximates "order blocks." Order blocks are areas where institutional buying or selling may have occurred, potentially acting as future support or resistance zones. Although these approximations are not perfect, they offer a visual cue to areas on the chart where price might react strongly if revisited.
Volume Profile Proxy and Whale Detection:
The indicator highlights price levels associated with recent maximum volume activity, providing a rough "volume profile" reference. Such levels often become key points of price interaction.
"Whale" detection logic attempts to identify bars where exceptionally large volume occurs (beyond a defined threshold). By tracking these "whale bars," traders can infer where heavy participation—often from large traders or institutions—may influence market direction or create zones of interest.
Approximate Bid/Ask Volume and Dollar Volume Tracking:
The script estimates whether volume within each bar leans more towards the bid or the ask side, aiming to understand which participant (buyers or sellers) might have been more aggressive. Additionally, it calculates dollar volume (close price multiplied by volume) and provides an average to gauge the relative participation strength over time.
Labeling and Visual Aids:
Dynamic labels display Whale Frequency (the ratio of bars with exceptionally large volume), average dollar volume, and approximate ask/bid volume metrics. This gives traders at-a-glance insights into current market conditions, participation, and sentiment.
Strengths:
Multifaceted Analysis:
By combining trend, volatility, volume, and order block logic in one place, the indicator saves chart space and simplifies the analytical process. Traders gain a holistic view without flipping between multiple separate tools.
Adaptable to Market Conditions:
The use of ATR and Keltner Channels adapts to changing volatility conditions. The SuperTrend-like line helps keep traders aligned with the prevailing trend, avoiding constant whipsaws in choppy markets.
Volume-Based Insights:
Integrating whale detection and a crude volume profile proxy helps traders understand where large players might be interacting. This perspective can highlight critical levels that might not be evident from price action alone.
Convenient Visual Cues and Labels:
The indicator provides quick reference points and textual information about the underlying volume dynamics, making decision-making potentially faster and more informed.
Weaknesses:
Heuristic and Approximate Nature:
Many of the indicator’s features, like the "order blocks," "whale detection," and the approximate bid/ask volume, rely on heuristics and assumptions that may not always be accurate. Without actual Level II data or true volume profiles, the insights are best considered as supplementary, not definitive signals.
Lagging Components:
Indicators that rely on past data, like ATR-based trends or moving averages for Keltner Channels, inherently lag behind price. This can cause delayed signals, particularly in fast-moving markets, potentially missing some early opportunities or late in confirming market reversals.
No Guaranteed Predictive Power:
As with any technical tool, it does not forecast the future with certainty. Strong volume at a certain level or a bullish SuperTrend reading does not guarantee price will continue in that direction. Market conditions can change unexpectedly, and false signals will occur.
Complexity and Overreliance Risk:
With multiple signals combined, there’s a risk of information overload. Traders might feel compelled to rely too heavily on this one tool. Without complementary analysis (fundamentals, news, or additional technical confirmation), overreliance on the indicator could lead to misguided trades.
Conclusion:
This integrated indicator offers a comprehensive visual guide to market structure, volatility, and activity. Its strength lies in providing a multi-dimensional viewpoint in a single tool. However, traders should remain aware of its approximations, inherent lags, and the potential for conflicting signals. Sound risk management, position sizing, and the use of complementary analysis methods remain essential for trading success.
Risks Associated with Trading:
No indicator can guarantee profitable trades or accurately predict future price movements. Market conditions are inherently unpredictable, and reliance on any single tool or combination of tools carries the risk of financial loss. Traders should practice sound risk management, including the use of stop losses and position sizing, and should not trade with funds they cannot afford to lose. Ultimately, decisions should be guided by a thorough trading plan and possibly supplemented with other forms of market analysis or professional advice.
Risks and Important Considerations:
• Not a Standalone Tool:
• This indicator should not be used in isolation. It is essential to incorporate additional technical analysis tools, fundamental analysis, and market context when making trading decisions.
• Relying solely on this indicator may lead to incomplete assessments of market conditions.
• Market Volatility and False Signals:
• Financial markets can be highly volatile, and indicators based on historical data may not accurately predict future movements.
• The indicator may produce false signals due to sudden market changes, low liquidity, or atypical trading activity.
• Risk Management:
• Always employ robust risk management strategies, including setting stop-loss orders, diversifying your portfolio, and not over-leveraging positions.
• Understand that no indicator guarantees success, and losses are a natural part of trading.
• Emotional Discipline:
• Avoid making impulsive decisions based on indicator signals alone.
• Emotional trading can lead to significant financial losses; maintain discipline and adhere to a well-thought-out trading plan.
• Continuous Learning and Adaptation:
• Stay informed about market news, economic indicators, and global events that may impact trading conditions.
• Continuously evaluate and adjust your trading strategies as market dynamics evolve.
• Consultation with Professionals:
• Consider seeking advice from financial advisors or professional traders to understand better how this indicator can fit into your overall trading strategy.
• Professional guidance can provide personalized insights based on your financial goals and risk tolerance.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
Custom V2 KillZone US / FVG / EMAThis indicator is designed for traders looking to analyze liquidity levels, opportunity zones, and the underlying trend across different trading sessions. Inspired by the ICT methodology, this tool combines analysis of Exponential Moving Averages (EMA), session management, and Fair Value Gap (FVG) detection to provide a structured and disciplined approach to trading effectively.
Indicator Features
Identifying the Underlying Trend with Two EMAs
The indicator uses two EMAs on different, customizable timeframes to define the underlying trend:
EMA1 (default set to a daily timeframe): Represents the primary underlying trend.
EMA2 (default set to a 4-hour timeframe): Helps identify secondary corrections or impulses within the main trend.
These two EMAs allow traders to stay aligned with the market trend by prioritizing trades in the direction of the moving averages. For example, if prices are above both EMAs, the trend is bullish, and long trades are favored.
Analysis of Market Sessions
The indicator divides the day into key trading sessions:
Asian Session
London Session
US Pre-Open Session
Liquidity Kill Session
US Kill Zone Session
Each session is represented by high and low zones as well as mid-lines, allowing traders to visualize liquidity levels reached during these periods. Tracking the price levels in different sessions helps determine whether liquidity levels have been "swept" (taken) or not, which is essential for ICT methodology.
Liquidity Signal ("OK" or "STOP")
A specific signal appears at the end of the "Liquidity Kill" session (just before the "US Kill Zone" session):
"OK" Signal: Indicates that liquidity conditions are favorable for trading the "US Kill Zone" session. This means that liquidity levels have been swept in previous sessions (Asian, London, US Pre-Open), and the market is ready for an opportunity.
"STOP" Signal: Indicates that it is not favorable to trade the "US Kill Zone" session, as certain liquidity conditions have not been met.
The "OK" or "STOP" signal is based on an analysis of the high and low levels from previous sessions, allowing traders to ensure that significant liquidity zones have been reached before considering positions in the "Kill Zone".
Detection of Fair Value Gaps (FVG) in the US Kill Zone Session
When an "OK" signal is displayed, the indicator identifies Fair Value Gaps (FVG) during the "US Kill Zone" session. These FVGs are areas where price may return to fill an "imbalance" in the market, making them potential entry points.
Bullish FVG: Detected when there is a bullish imbalance, providing a buying opportunity if conditions align with the underlying trend.
Bearish FVG: Detected when there is a bearish imbalance, providing a selling opportunity in the trend direction.
FVG detection aligns with the ICT Silver Bullet methodology, where these imbalance zones serve as probable entry points during the "US Kill Zone".
How to Use This Indicator
Check the Underlying Trend
Before trading, observe the two EMAs (daily and 4-hour) to understand the general market trend. Trades will be prioritized in the direction indicated by these EMAs.
Monitor Liquidity Signals After the Asian, London, and US Pre-Open Sessions
The high and low levels of each session help determine if liquidity has already been swept in these areas. At the end of the "Liquidity Kill" session, an "OK" or "STOP" label will appear:
"OK" means you can look for trading opportunities in the "US Kill Zone" session.
"STOP" means it is preferable not to take trades in the "US Kill Zone" session.
Look for Opportunities in the US Kill Zone if the Signal is "OK"
When the "OK" label is present, focus on the "US Kill Zone" session. Use the Fair Value Gaps (FVG) as potential entry points for trades based on the ICT methodology. The identified FVGs will appear as colored boxes (bullish or bearish) during this session.
Use ICT Methodology to Manage Your Trades
Follow the FVGs as potential reversal zones in the direction of the trend, and manage your positions according to your personal strategy and the rules of the ICT Silver Bullet method.
Customizable Settings
The indicator includes several customization options to suit the trader's preferences:
EMA: Length, source (close, open, etc.), and timeframe.
Market Sessions: Ability to enable or disable each session, with color and line width settings.
Liquidity Signals: Customization of colors for the "OK" and "STOP" labels.
FVG: Option to display FVGs or not, with customizable colors for bullish and bearish FVGs, and the number of bars for FVG extension.
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Cet indicateur est conçu pour les traders souhaitant analyser les niveaux de liquidité, les zones d’opportunité, et la tendance de fond à travers différentes sessions de trading. Inspiré de la méthodologie ICT, cet outil combine l'analyse des moyennes mobiles exponentielles (EMA), la gestion des sessions de marché, et la détection des Fair Value Gaps (FVG), afin de fournir une approche structurée et disciplinée pour trader efficacement.
Market Structure Algo V2 [OmegaTools]The Market Structure Algo V2 (MS Algo V2) is an advanced TradingView indicator developed by OmegaTools to provide traders with a comprehensive analysis of market structure. This tool refines the insights provided by its predecessor, combining enhanced pivot point analysis, dynamic market structure scoring, and zone visualization to deliver an intuitive view of potential market movements. Through custom settings, the MS Algo V2 allows users to tailor the indicator to fit their trading strategies more closely, offering enhanced adaptability to both short-term and long-term trends.
Core Functionality
The MS Algo V2 differentiates between internal and external market structures by analyzing pivot highs and lows over user-defined periods. The internal market structure focuses on shorter timeframes, providing insights into recent price action, while the external structure considers broader trends. This dual-layered approach helps traders distinguish between immediate and overarching market trends.
The indicator introduces improved visualization for areas of interest or zones around pivot points, adjustable through zone distance settings. These zones serve as potential support and resistance areas, helping traders anticipate price reactions at key levels. In addition to the zones, the indicator now provides gradient-based color coding on bars, reflecting the market structure’s bullish or bearish intensity. This visual enhancement aids in quickly interpreting the current trend's strength.
Dynamic signal generation has been refined in MS Algo V2. The indicator now offers both classic signals and breakout signals based on the market structure, including entries, exits, and change-of-character (CHoCH) alerts. Signals are generated based on price interactions with pivot levels, indicating potential long and short opportunities.
Operational Mechanism
The MS Algo V2 calculates pivot highs and lows over specified periods to define internal and external market structures. A market structure score is derived from these pivot points, classifying the market into bullish or bearish extremes. Signals are generated as the closing price interacts with these levels, marking entry and exit points based on the calculated structure.
A new feature in this version is zone visualization, where zones are plotted around a dynamic moving average derived from the exponential and simple moving averages (EMA and SMA). The zones are adjusted based on ATR (Average True Range) and the specified zone distance percentile, providing a clear visual representation of potential support and resistance regions. The external and internal zones are represented with different levels of transparency for quick reference.
Usage Guidelines
To apply the MS Algo V2 to your TradingView charts, adjust the internal and external market structure settings to match your preferred analysis timeframes. The line style and width of each structure can also be customized for a tailored view. The Zone Distance setting allows users to define the percentile range of the zones around the moving average, providing further flexibility in identifying potential areas of support and resistance.
For a color-coded overview of market sentiment, the bar gradient feature can be enabled. This option uses a gradient that reflects the bullish or bearish intensity of the market structure, giving traders a visual cue on the market’s overall trend. Color-coded signals and zone fill areas further assist in interpreting the current market structure and identifying potential trade areas.
The indicator includes customizable alerts for long and short signals, as well as specific breakout alerts (BOS) and change-of-character (CHoCH) signals. These alerts can help traders stay informed about significant market structure changes, supporting timely trading decisions.
Understanding the Indicator’s Originality
The MS Algo V2 stands out due to its robust integration of pivot analysis, zone visualization, and market structure scoring, offering a unique perspective on market dynamics. With features like color-coded signals, bar gradients, and configurable alerts, MS Algo V2 provides an edge in understanding both the current market environment and potential turning points. This indicator’s ability to represent the market’s structure visually makes it a powerful addition to any trader’s toolkit, especially for those seeking a deeper, multi-layered approach to market analysis.
RTI Thresholds Index | mad_tiger_slayerOverview of the Script
The Relative Trend Index (RTI) Threshold Index is a custom indicator for TradingView that enhances a Relative Trend Index (RTI) . The RTI is designed to reflect the market’s trend strength by comparing the current price to dynamically calculated upper and lower trend boundaries. Additionally, the indicator includes overbought and oversold thresholds, and Trend-coded signals to visually represent market conditions for easier analysis. The RTI Threshold Index is created and meant for long term investments targeted for longer swing trades over a few months to years.
How Do Investors Use the RTI Trend Index?
In the provided chart image, the indicator is displayed on a Bitcoin price chart. Here’s what each visual component represents:
INTENDED USES
The RTI Threshold Index is NOT intended for SCALPING.
With the nature of its components and calculations. This indicator will give false signals when the Timeframe is too low. The best intended use for high-quality signals are above the 12hr timeframes (Note: Coded to be used above 1 Day Timeframes)
The RTI Threshold Index is a TREND-FOLLOWING and MEAN REVERTING INDICATOR . With the explanation below of the image you can see both Trend-Following and Mean Reversion Uses.
A VISUAL REPRESENTATION INTENDED USES
Relative Trend Index Line (Green/Red): The main RTI line changes colors based on long or short conditions, providing an immediate visual cue of the trend direction. This conditional state enter long when the RTI is greater than the long threshold and will not enter short until it is less than the short threshold. (vice versa) When the RTI is less than the short threshold and will not enter long until it is greater than the long threshold.
EMA of RTI: A smoothed version of the RTI in yellow for more stable trend analysis. This EMA can be used for LONGER TERM trends. When the smoothed RTI is above 50, investors can assume that the trend will be in a trending state. Because this is slower than the RTI, you will get slower entries and slower exits.
Threshold Lines: Green and red lines for long and short thresholds, along with dashed lines for overbought and oversold levels. These lines can be calibrated to allow the RTI to enter a long trending or short trending state. The lower the value is for Long Threshold line , it will enter a long trend faster. The higher the value for Short Threshold Line , it will exit faster. We can also set Overbought and Oversold Thresholds. With the RTI entering above the Overbought Threshold line, Investors can assume that the environment is getting heated or is overbought. Same for oversold with the RTI entering below the Oversold Threshold line, Investors can assume that the environment is getting heated or is overbought.
Gradient Background: Shaded overbought and oversold areas improve readability by distinguishing these zones. This coloring of the shaded area tells us the oversold and overbought levels.
Colored Candles: Candles change color based on the RTI condition, aligning the price action visually with the trend status. The Green symbolizes a long state while red symbolizes a short state.
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The indicator's primary elements include:
Input Parameters: Configurable settings for trend length, sensitivity, moving average (MA) period, thresholds, and overbought/oversold levels.
RTI Calculation: Computation of trend boundaries and the RTI value based on the price's position within these boundaries.
Visual Components: Horizontal threshold lines, plotted RTI values, color-coded candles, and gradient fills for overbought and oversold zones.
1. Input Parameters
The script includes several configurable inputs, allowing users to customize the indicator’s sensitivity and behavior according to market conditions:
Trend Length: Controls the number of data points for trend calculations. Higher values produce a smoother, less responsive trend, while lower values make the trend more sensitive to recent price changes.
Trend Sensitivity: Sets the sensitivity by defining the upper and lower percentiles for the trend boundaries. Higher sensitivity values make the RTI less reactive, while lower values increase responsiveness.
MA length: Defines the period for the Exponential Moving Average (EMA) applied to the RTI, smoothing its output.
longThreshold and shortThreshold: Set the levels for entering long and short positions. The RTI crossing above longThreshold or below shortThreshold signals a long or short condition, respectively.
Overbought and oversold thresholds: When RTI exceeds overbought or falls below oversold, it indicates overbought or oversold market conditions.
2. Relative Trend Index (RTI) Calculation
The RTI is calculated by dynamically setting upper and lower trend boundaries:
Upper Trend and Lower Trend: Calculated by adding and subtracting the standard deviation of the closing price to/from the close, providing a measure of price variation.
upper array and Lower Arrays : Arrays that hold the upper and lower trend values over the specified trend length period.
Sorting and Indexing: After sorting these arrays, the values at specific percentiles (based on trend sensitivity) are selected as UpperTrend and LowerTrend.
RTI formula: The RTI is calculated by normalizing the close price within the range of UpperTrend and LowerTrend. This yields a percentage that reflects the price's relative position within the trend range.
3. Threshold and Signal Lines
Several horizontal lines mark key threshold levels:
midline: A dashed line at 50, marking the RTI midpoint.
overbought and oversold: Dashed lines for the overbought and oversold levels as set by overbought and oversold.
long hline and short hline: Solid lines marking the longThreshold and shortThreshold levels for entering long and short trades. They are colored Green for long threshold and Red for short threshold
4. Long and Short Conditions
The script defines long and short conditions based on the RTI’s position relative to the longThreshold and shortThreshold:
isLong: Set to true when the RTI exceeds longThreshold, signaling a long condition.
isShort: Set to true when the RTI drops below shortThreshold, signaling a short condition. overboughtcandles and oversoldcandles: Boolean variables that indicate when the RTI crosses the overbought or oversold thresholds, enhancing visual feedback.
5. Color Coding
Color-coded elements help to visually indicate the RTI's current state:
rtiColor: Sets the RTI line color based on the long or short condition (green for long, red for short).
obosColor: Colors specific candles in the overbought (yellow) and oversold (purple) regions, adding clarity to these conditions.
6. Plotting and Visualization
The following components display the RTI indicator and its conditions visually:
RTI and EMA Plot: The RTI line is plotted alongside an EMA line for smooth trend observation. The RTI line uses the conditional colors to indicate market conditions.
Background Gradient Fill: Shaded areas between the overbought and oversold levels highlight these zones in the background.
Colored Candles: Candles on the price chart are color-coded based on the RTI condition (green for long, red for short), making it easy to see trend direction changes.
Overbought and Oversold Gradient Fill: Gradient fills are applied to the overbought and oversold regions, creating a visual effect when the RTI reaches extreme levels.
Conclusion
The RTI Threshold Indicator is a powerful tool for assessing trend strength and market conditions. With configurable parameters, it adapts well to various timeframes and market environments, providing investors with a reliable means to identify potential entry and exit points. With configurable parameters, RTI Threshold Indicator can identify market conditions for potential buy and sell zones.
Smart Money Concepts IndicatorBEST ICT AND SMC INDICATOR
The **Smart Money Concepts Indicator** is designed to enhance trading decisions by incorporating key principles from Smart Money Concepts (SMC), focusing on the detection of market structure changes, liquidity zones, order flow, and order blocks. This indicator is particularly useful for traders looking to understand market dynamics and make informed trading decisions based on advanced market analysis.
#### Key Features:
1. **Break of Structure (BOS)**:
- Identifies upward and downward breaks in market structure, indicating potential trend reversals.
- Visual markers on the chart help traders spot these critical levels.
2. **Change of Character (CHOCH)**:
- Detects significant changes in market direction, highlighting potential shifts in momentum.
- Clearly labeled signals indicate when the market may be changing its character.
3. **Order Blocks**:
- Highlights order blocks, which are key areas where significant buying or selling has occurred.
- Provides visual cues for potential support and resistance zones.
4. **Liquidity Zones**:
- Marks liquidity zones, indicating areas where buy-side or sell-side liquidity may be targeted.
- Helps traders understand where the market might draw liquidity.
5. **Dynamic Take Profit and Stop Loss Levels**:
- Calculates and plots take profit (TP) and stop loss (SL) levels based on the Average True Range (ATR) for adaptive risk management.
- Customizable multipliers allow traders to adjust levels based on their risk tolerance.
6. **Order Flow Analysis**:
- Displays bullish and bearish order flow signals based on candle close relative to open.
- Provides insights into market sentiment and potential future price action.
#### How to Use:
- **Identifying Entry and Exit Points**: Use BOS and CHOCH signals to find potential entry points, while leveraging TP and SL levels for risk management.
- **Market Analysis**: Analyze order blocks and liquidity zones to make informed decisions on market behavior.
- **Visual Confirmation**: The clear visual cues provided by the indicator make it easier to interpret market movements and align trades with institutional behavior.
#### Conclusion:
The Smart Money Concepts Indicator is an invaluable tool for traders looking to enhance their understanding of market structure and make more informed trading decisions. By integrating advanced concepts like BOS, CHOCH, and liquidity analysis, this indicator helps traders navigate the complexities of the market with greater confidence.
ICT Judas Swing | Flux Charts💎 GENERAL OVERVIEW
Introducing our new ICT Judas Swing Indicator! This indicator is built around the ICT's "Judas Swing" strategy. The strategy looks for a liquidity grab around NY 9:30 session and a Fair Value Gap for entry confirmation. For more information about the process, check the "HOW DOES IT WORK" section.
Features of the new ICT Judas Swing :
Implementation of ICT's Judas Swing Strategy
2 Different TP / SL Methods
Customizable Execution Settings
Customizable Backtesting Dashboard
Alerts for Buy, Sell, TP & SL Signals
📌 HOW DOES IT WORK ?
The strategy begins by identifying the New York session from 9:30 to 9:45 and marking recent liquidity zones. These liquidity zones are determined by locating high and low pivot points: buyside liquidity zones are identified using high pivots that haven't been invalidated, while sellside liquidity zones are found using low pivots. A break of either buyside or sellside liquidity must occur during the 9:30-9:45 session, which is interpreted as a liquidity grab by smart money. The strategy assumes that after this liquidity grab, the price will reverse and move in the opposite direction. For entry confirmation, a fair value gap (FVG) in the opposite direction of the liquidity grab is required. A buyside liquidity grab calls for a bearish FVG, while a sellside grab requires a bullish FVG. Based on the type of FVG—bullish for buys and bearish for sells—the indicator will then generate a Buy or Sell signal.
After the Buy or Sell signal, the indicator immediately draws the take-profit (TP) and stop-loss (SL) targets. The indicator has three different TP & SL modes, explained in the "Settings" section of this write-up.
You can set up alerts for entry and TP & SL signals, and also check the current performance of the indicator and adjust the settings accordingly to the current ticker using the backtesting dashboard.
🚩 UNIQUENESS
This indicator is an all-in-one suit for the ICT's Judas Swing concept. It's capable of plotting the strategy, giving signals, a backtesting dashboard and alerts feature. Different and customizable algorithm modes will help the trader fine-tune the indicator for the asset they are currently trading. Three different TP / SL modes are available to suit your needs. The backtesting dashboard allows you to see how your settings perform in the current ticker. You can also set up alerts to get informed when the strategy is executable for different tickers.
⚙️ SETTINGS
1. General Configuration
Swing Length -> The swing length for pivot detection. Higher settings will result in
FVG Detection Sensitivity -> You may select between Low, Normal, High or Extreme FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
2. TP / SL
TP / SL Method ->
a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker.
b) Fixed : You can adjust the exact TP / SL ratios from the settings below.
Dynamic Risk -> The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Balance of Power [SYNC & TRADE]Balance of Power
Overview
This indicator analyzes the balance of power between buyers and sellers in the market. It uses volume, price action and the relative strength index (RSI) to determine the strength of buyers and sellers, as well as to identify potential zones where one side dominates the other.
How it works
The indicator calculates the average volume over a specified period.
It determines the strength of each bar, taking into account volume and price action.
RSI is used as an additional factor to assess the strength of the trend.
Based on these factors, the "balance of power" between buyers and sellers is calculated.
When the balance of power exceeds a specified threshold, the indicator marks the beginning of the "buyer zone" or "seller zone".
How to use
Add the indicator to your chart in TradingView.
Configure the input parameters:
"Period for average volume": determines the sensitivity to volume changes.
"RSI period": affects the sensitivity of the RSI to price changes.
"Strength threshold": sets the level for determining a significant imbalance.
"Table Size": select the appropriate size of the information table.
Observe the signals on the chart:
Blue triangle up: the beginning of the buyer zone.
Red triangle down: the beginning of the seller zone.
Use the information table to get additional data:
Current balance of power
Buyers or sellers have strength
Current RSI value
Advantages
Comprehensive analysis of market conditions
Visual signals for potential entry points
Customizable parameters to adapt to different trading styles
Informative table for quick analysis of the current situation
Limitations
Like any indicator, it can give false signals
Requires additional analysis and confirmation with other tools
Efficiency may vary depending on market conditions
Recommendations
Use this indicator in combination with other analysis methods to make trading decisions. Experiment with the settings to optimize for your trading style and selected assets.
Balance of Power Ru
Обзор
Этот индикатор анализирует баланс сил между покупателями и продавцами на рынке. Он использует объем, ценовое движение и индекс относительной силы (RSI) для определения силы покупателей и продавцов, а также для выявления потенциальных зон, где одна сторона доминирует над другой.
Как это работает
Индикатор рассчитывает среднее значение объема за указанный период.
Он определяет силу каждого бара, учитывая объем и ценовое движение.
RSI используется как дополнительный фактор для оценки силы тренда.
На основе этих факторов вычисляется "баланс сил" между покупателями и продавцами.
Когда баланс сил превышает заданный порог, индикатор отмечает начало "зоны покупателей" или "зоны продавцов".
Как использовать
Добавьте индикатор на ваш график в TradingView.
Настройте входные параметры:
"Период для среднего объема": определяет чувствительность к изменениям объема.
"Период RSI": влияет на чувствительность RSI к ценовым изменениям.
"Порог силы": устанавливает уровень для определения значимого дисбаланса.
"Размер таблицы": выберите подходящий размер информационной таблицы.
Наблюдайте за сигналами на графике:
Синий треугольник вверх: начало зоны покупателей.
Красный треугольник вниз: начало зоны продавцов.
Используйте информационную таблицу для получения дополнительных данных:
Текущий баланс сил
Наличие силы у покупателей или продавцов
Текущее значение RSI
Преимущества
Комплексный анализ рыночных условий
Визуальные сигналы для потенциальных точек входа
Настраиваемые параметры для адаптации к разным торговым стилям
Информативная таблица для быстрого анализа текущей ситуации
Ограничения
Как и любой индикатор, может давать ложные сигналы
Требует дополнительного анализа и подтверждения другими инструментами
Эффективность может варьироваться в зависимости от рыночных условий
Рекомендации
Используйте этот индикатор в сочетании с другими методами анализа для принятия торговых решений. Экспериментируйте с настройками для оптимизации под ваш торговый стиль и выбранные активы.
Smart Money Concepts by WeloTradesThe "Smart Money Concepts by WeloTrades" indicator is designed to offer traders a comprehensive tool that integrates multiple advanced features to aid in market analysis. By combining order blocks, liquidity levels, fair value gaps, trendlines, and market structure analysis, the indicator provides a holistic approach to understanding market dynamics and making informed trading decisions.
Components and Their Integration:
Order Blocks and Breaker Blocks Detection
Functionality: Order blocks represent areas where significant buying or selling occurred, creating potential support or resistance zones. Breaker blocks signal potential reversals.
Integration: By detecting and visualizing these blocks, the indicator helps traders identify key levels where price might react, aiding in entry and exit decisions. The customizable settings allow traders to adjust the visibility and parameters to suit their specific trading strategy.
Liquidity Levels Analysis
Functionality: Liquidity levels indicate zones where significant price movements can occur due to the presence of large orders. These are areas where smart money might be executing trades.
Integration: By tracking these high-probability liquidity areas, traders can anticipate potential price movements. Customizable display limits and mitigation strategies ensure that the information is tailored to the trader’s needs, providing precise and actionable insights.
Fair Value Gaps (FVG)
Functionality: Fair value gaps highlight areas where there is an imbalance between buyers and sellers. These gaps often represent potential trading opportunities.
Integration: The ability to identify and analyze FVGs helps traders spot potential entries based on market inefficiencies. The touch and break detection functionalities provide further refinement, enhancing the precision of trading signals.
Trendlines
Functionality: Trendlines help in identifying the direction of the market and potential reversal points. The additional trendline adds a layer of confirmation for breaks or retests.
Integration: Automatically drawn trendlines assist traders in visualizing market trends and making decisions about potential entries and exits. The additional trendline for stronger confirmation reduces the risk of false signals, providing more reliable trading opportunities.
Market Structure Analysis
Functionality: Understanding market structure is crucial for identifying key support and resistance levels and overall market dynamics. This component displays internal, external, and composite market structures.
Integration: By automatically highlighting shifts in market structure, the indicator helps traders recognize important levels and potential changes in market direction. This analysis is critical for strategic planning and execution in trading.
Customizable Alerts
Functionality: Alerts ensure that traders do not miss significant market events, such as the formation or breach of order blocks, liquidity levels, and trendline interactions.
Integration: Customizable alerts enhance the user experience by providing timely notifications of key events. This feature ensures that traders can act quickly and efficiently, leveraging the insights provided by the indicator.
Interactive Visualization
Functionality: Customizable visual aspects of the indicator allow traders to tailor the display to their preferences and trading style.
Integration: This feature enhances user engagement and usability, making it easier for traders to interpret the data and make informed decisions. Personalization options like colors, styles, and display formats improve the overall effectiveness of the indicator.
How Components Work Together
Comprehensive Market Analysis
Each component of the indicator addresses a different aspect of market analysis. Order blocks and liquidity levels highlight potential support and resistance zones, while fair value gaps and trendlines provide additional context for potential entries and exits. Market structure analysis ties everything together by offering a broad view of market dynamics.
Synergistic Insights
The integration of multiple features allows for cross-validation of trading signals. For instance, an order block coinciding with a high-probability liquidity level and a fair value gap can provide a stronger signal than any of these features alone. This synergy enhances the reliability of the insights and trading signals generated by the indicator.
Enhanced Decision Making
By combining these advanced features into a single tool, traders are equipped with a powerful resource for making informed decisions. The customizable alerts and interactive visualization further support this by ensuring that traders can act quickly on the insights provided.
Order Blocks ( OB) & Breaker Blocks (BB) Visuals:
📝 OB Input Settings
📊 Timeframe #1
TF #1🕑: Enable or disable Timeframe 1.
What it is: A boolean input to toggle the use of the first timeframe.
What it does: Enables or disables Timeframe 1 for the OB settings.
How to use it: Check or uncheck the box to enable or disable.
📊 Timeframe 1 Selection
Timeframe #1🕑: Select the timeframe for Timeframe 1.
What it is: A dropdown to select the desired timeframe.
What it does: Sets the timeframe for Timeframe 1.
How to use it: Choose a timeframe from the dropdown list.
📊 Timeframe #2
TF #2🕑: Enable or disable Timeframe 2.
What it is: A boolean input to toggle the use of the second timeframe.
What it does: Enables or disables Timeframe 2 for the OB settings.
How to use it: Check or uncheck the box to enable or disable.
📊 Timeframe 2 Selection
Timeframe #2🕑: Select the timeframe for Timeframe 2.
What it is: A dropdown to select the desired timeframe.
What it does: Sets the timeframe for Timeframe 2.
How to use it: Choose a timeframe from the dropdown list.
Additional Info: Higher TF Chart & Lower TF Setting / Lower TF Chart & Higher TF Setting.
📏 Show OBs
OB (Length)📏: Toggle the display of Order Blocks.
What it is: A boolean input to enable or disable the display of Order Blocks.
What it does: Shows or hides Order Blocks based on the selected swing length.
How to use it: Check or uncheck the box to enable or disable.
📏 Swing Length Option
Swing Length Option: Select the swing length option.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of swings for Order Blocks.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=10, MID=28, LONG=50.
🔧 Custom Swing Length
🔧custom: Specify a custom swing length.
What it is: An integer input for setting a custom swing length.
What it does: Overrides the default swing lengths if set to CUSTOM.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
📛 Show BBs
BB (Method)📛: Toggle the display of Breaker Blocks.
What it is: A boolean input to enable or disable the display of Breaker Blocks.
What it does: Shows or hides Breaker Blocks.
How to use it: Check or uncheck the box to enable or disable.
📛 OB End Method
OB End Method: Select the method for determining the end of a Breaker Block.
What it is: A dropdown to choose between Wick and Close.
What it does: Sets the criteria for when a Breaker Block is considered mitigated.
How to use it: Choose an option from the dropdown.
Additional Info: Wicks: OB is mitigated when the price wicks through the OB Level. Close: OB is mitigated when the closing price is within the OB Level.
🔍 Max Bullish Zones
🔍Max Bullish: Set the maximum number of Bullish Order Blocks to display.
What it is: A dropdown to select the maximum number of Bullish Order Blocks.
What it does: Limits the number of Bullish Order Blocks shown on the chart.
How to use it: Choose a value from the dropdown (1-10).
🔍 Max Bearish Zones
🔍Max Bearish: Set the maximum number of Bearish Order Blocks to display.
What it is: A dropdown to select the maximum number of Bearish Order Blocks.
What it does: Limits the number of Bearish Order Blocks shown on the chart.
How to use it: Choose a value from the dropdown (1-10).
🟩 Bullish OB Color
Bullish OB Color: Set the color for Bullish Order Blocks.
What it is: A color picker to set the color of Bullish Order Blocks.
What it does: Changes the color of Bullish Order Blocks on the chart.
How to use it: Select a color from the color picker.
🟥 Bearish OB Color
Bearish OB Color: Set the color for Bearish Order Blocks.
What it is: A color picker to set the color of Bearish Order Blocks.
What it does: Changes the color of Bearish Order Blocks on the chart.
How to use it: Select a color from the color picker.
🔧 OB & BB Range
↔ OB & BB Range: Select the range option for OB and BB.
What it is: A dropdown to choose between RANGE and CUSTOM.
What it does: Sets how far the OB or BB should extend.
How to use it: Choose an option from the dropdown.
Additional Info: RANGE = Current price, CUSTOM = Adjustable Range.
🔧 Custom OB & BB Range
🔧Custom: Specify a custom range for OB and BB.
What it is: An integer input for setting a custom range.
What it does: Defines how far the OB or BB should go, based on a custom value.
How to use it: Enter a custom integer value (range: 1000-500000).
💬 Text Options
💬Text Options: Set text size and color for OB and BB.
What it is: A dropdown to select text size and a color picker to choose text color.
What it does: Changes the size and color of the text displayed for OB and BB.
How to use it: Select a size from the dropdown and a color from the color picker.
💬 Show Timeframe OB
Text: Toggle to display the timeframe of OB.
What it is: A boolean input to show or hide the timeframe text for OB.
What it does: Displays the timeframe information for Order Blocks on the chart.
How to use it: Check or uncheck the box to enable or disable.
💬 Show Volume
Volume: Toggle to display the volume of OB.
What it is: A boolean input to show or hide the volume information for Order Blocks.
What it does: Displays the volume information for Order Blocks on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The volume displayed represents the total trading volume that occurred during the formation of the Order Block. This can indicate the level of participation or interest in that price level.
How it's calculated: The volume is the sum of all traded volumes within the candles that form the Order Block.
What it means: Higher volume at an Order Block level may suggest stronger support or resistance. It shows the amount of trading activity and can be an indicator of the potential strength or validity of the Order Block.
Why it's shown: To give traders an idea of the market participation and to help assess the strength of the Order Block.
💬 Show Percentage
%: Toggle to display the percentage of OB.
What it is: A boolean input to show or hide the percentage information for Order Blocks.
What it does: Displays the percentage information for Order Blocks on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The percentage displayed usually represents the proportion of price movement relative to the Order Block.
How it's calculated: This can be the percentage move from the start to the end of the Order Block or the retracement level that price has reached relative to the Order Block's range.
What it means: It helps traders understand the extent of price movement within the Order Block and can indicate the significance of the price level.
Why it's shown: To provide a clearer understanding of the price dynamics and the importance of the Order Block within the overall price movement.
Additional Information
Volume Example: If an Order Block forms over three candles with volumes of 100, 150, and 200, the total volume displayed for that Order Block would be 450.
Percentage Example: If the price moves from 100 to 110 within an Order Block, and the total range of the Order Block is from 100 to 120, the percentage shown might be 50% (since the price has moved halfway through the Order Block's range).
Liquidity Levels visuals:
📊 Liquidity Levels Input Settings
📊 Current Timeframe
TF #1🕑: Enable or disable the current timeframe.
What it is: A boolean input to toggle the use of the current timeframe.
What it does: Enables or disables the display of liquidity levels for the current timeframe.
How to use it: Check or uncheck the box to enable or disable.
📊 Higher Timeframe
Higher Timeframe: Select the higher timeframe for liquidity levels.
What it is: A dropdown to select the desired higher timeframe.
What it does: Sets the higher timeframe for liquidity levels.
How to use it: Choose a timeframe from the dropdown list.
📏 Liquidity Length Option
📏Liquidity Length: Select the length for liquidity levels.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of swings for liquidity levels.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=10, MID=28, LONG=50.
🔧 Custom Liquidity Length
🔧custom: Specify a custom length for liquidity levels.
What it is: An integer input for setting a custom swing length.
What it does: Overrides the default liquidity lengths if set to CUSTOM.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
📛 Mitigation Method
📛Mitigation (Method): Select the method for determining the mitigation of liquidity levels.
What it is: A dropdown to choose between Close and Wick.
What it does: Sets the criteria for when a liquidity level is considered mitigated.
How to use it: Choose an option from the dropdown.
Additional Info:
Wick: Level is mitigated when the price wicks through the level.
Close: Level is mitigated when the closing price is within the level.
📛 Display Mitigated Levels
-: Select to display or hide mitigated levels.
What it is: A dropdown to choose between Remove and Show.
What it does: Displays or hides mitigated liquidity levels.
How to use it: Choose an option from the dropdown.
Additional Info:
Remove: Hide mitigated levels.
Show: Display mitigated levels.
🔍 Max Buy Side Liquidity
🔍Max Buy Side Liquidity: Set the maximum number of Buy Side Liquidity Levels to display.
What it is: An integer input to set the maximum number of Buy Side Liquidity Levels.
What it does: Limits the number of Buy Side Liquidity Levels shown on the chart.
How to use it: Enter a value between 0 and 50.
🟦 Buy Side Liquidity Color
Buy Side Liquidity Color: Set the color for Buy Side Liquidity Levels.
What it is: A color picker to set the color of Buy Side Liquidity Levels.
What it does: Changes the color of Buy Side Liquidity Levels on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Buy Side Liquidity Levels to display. Default: 5, Min: 1, Max: 50.
If liquidity levels are not displayed as expected, try increasing the max count.
🔍 Max Sell Side Liquidity
🔍Max Sell Side Liquidity: Set the maximum number of Sell Side Liquidity Levels to display.
What it is: An integer input to set the maximum number of Sell Side Liquidity Levels.
What it does: Limits the number of Sell Side Liquidity Levels shown on the chart.
How to use it: Enter a value between 0 and 50.
🟥 Sell Side Liquidity Color
Sell Side Liquidity Color: Set the color for Sell Side Liquidity Levels.
What it is: A color picker to set the color of Sell Side Liquidity Levels.
What it does: Changes the color of Sell Side Liquidity Levels on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Sell Side Liquidity Levels to display. Default: 5, Min: 1, Max: 50.
If liquidity levels are not displayed as expected, try increasing the max count.
✂ Box Style (Height)
✂ Box Style (↕): Set the box height style for liquidity levels.
What it is: A float input to set the height of the boxes.
What it does: Adjusts the height of the boxes displaying liquidity levels.
How to use it: Enter a value between -50 and 50.
Additional Info: Default value is -5.
📏 Box Length
b: Set the box length of liquidity levels.
What it is: An integer input to set the length of the boxes.
What it does: Adjusts the length of the boxes displaying liquidity levels.
How to use it: Enter a value between 0 and 500.
Additional Info: Default value is 20.
⏭ Extend Liquidity Levels
Extend ⏭: Toggle to extend liquidity levels beyond the current range.
What it is: A boolean input to enable or disable the extension of liquidity levels.
What it does: Extends liquidity levels beyond their default range.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: Extend liquidity levels beyond the current range.
💬 Text Options
💬 Text Options: Set text size and color for liquidity levels.
What it is: A dropdown to select text size and a color picker to choose text color.
What it does: Changes the size and color of the text displayed for liquidity levels.
How to use it: Select a size from the dropdown and a color from the color picker.
💬 Show Text
Text: Toggle to display text for liquidity levels.
What it is: A boolean input to show or hide the text for liquidity levels.
What it does: Displays the text information for liquidity levels on the chart.
How to use it: Check or uncheck the box to enable or disable.
💬 Show Volume
Volume: Toggle to display the volume of liquidity levels.
What it is: A boolean input to show or hide the volume information for liquidity levels.
What it does: Displays the volume information for liquidity levels on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The volume displayed represents the total trading volume that occurred during the formation of the liquidity level. This can indicate the level of participation or interest in that price level.
How it's calculated: The volume is the sum of all traded volumes within the candles that form the liquidity level.
What it means: Higher volume at a liquidity level may suggest stronger support or resistance. It shows the amount of trading activity and can be an indicator of the potential strength or validity of the liquidity level.
Why it's shown: To give traders an idea of the market participation and to help assess the strength of the liquidity level.
💬 Show Percentage
%: Toggle to display the percentage of liquidity levels.
What it is: A boolean input to show or hide the percentage information for liquidity levels.
What it does: Displays the percentage information for liquidity levels on the chart.
How to use it: Check or uncheck the box to enable or disable.
Additional Info:
What it represents: The percentage displayed usually represents the proportion of price movement relative to the liquidity level.
How it's calculated: This can be the percentage move from the start to the end of the liquidity level or the retracement level that price has reached relative to the liquidity level's range.
What it means: It helps traders understand the extent of price movement within the liquidity level and can indicate the significance of the price level.
Why it's shown: To provide a clearer understanding of the price dynamics and the importance of the liquidity level within the overall price movement.
Fair Value Gaps visuals:
📊 Fair Value Gaps Input Settings
📊 Show FVG
TF #1🕑: Enable or disable Fair Value Gaps for Timeframe 1.
What it is: A boolean input to toggle the display of Fair Value Gaps.
What it does: Shows or hides Fair Value Gaps on the chart.
How to use it: Check or uncheck the box to enable or disable.
📊 Select Timeframe
Timeframe: Select the timeframe for Fair Value Gaps.
What it is: A dropdown to select the desired timeframe.
What it does: Sets the timeframe for Fair Value Gaps.
How to use it: Choose a timeframe from the dropdown list.
Additional Info: Higher TF Chart & Lower TF Setting or Lower TF Chart & Higher TF Setting.
📛 FVG Break Method
📛FVG Break (Method): Select the method for determining when an FVG is mitigated.
What it is: A dropdown to choose between Touch, Wicks, Close, or Average.
What it does: Sets the criteria for when a Fair Value Gap is considered mitigated.
How to use it: Choose an option from the dropdown.
Additional Info:
Touch: FVG is mitigated when the price touches the gap.
Wicks: FVG is mitigated when the price wicks through the gap.
Close: FVG is mitigated when the closing price is within the gap.
Average: FVG is mitigated when the average price (average of high and low) is within the gap.
📛 Show Mitigated FVG
show: Toggle to display mitigated FVGs.
What it is: A boolean input to show or hide mitigated Fair Value Gaps.
What it does: Displays or hides mitigated Fair Value Gaps.
How to use it: Check or uncheck the box to enable or disable.
📛 Fill FVG
Fill: Toggle to fill Fair Value Gaps.
What it is: A boolean input to fill the Fair Value Gaps with color.
What it does: Adds a color fill to the Fair Value Gaps.
How to use it: Check or uncheck the box to enable or disable.
📛 Shade FVG
Shade: Toggle to shade Fair Value Gaps.
What it is: A boolean input to shade the Fair Value Gaps.
What it does: Adds a shade effect to the Fair Value Gaps.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: Select the method to break FVGs and toggle the visibility of FVG Breaks (fill FVG and/or shade FVG).
🔍 Max Bullish FVG
🔍Max Bullish FVG: Set the maximum number of Bullish Fair Value Gaps to display.
What it is: An integer input to set the maximum number of Bullish Fair Value Gaps.
What it does: Limits the number of Bullish Fair Value Gaps shown on the chart.
How to use it: Enter a value between 0 and 50.
🔍 Max Bearish FVG
🔍Max Bearish FVG: Set the maximum number of Bearish Fair Value Gaps to display.
What it is: An integer input to set the maximum number of Bearish Fair Value Gaps.
What it does: Limits the number of Bearish Fair Value Gaps shown on the chart.
How to use it: Enter a value between 0 and 50.
🟥 Bearish FVG Color
Bearish FVG Color: Set the color for Bearish Fair Value Gaps.
What it is: A color picker to set the color of Bearish Fair Value Gaps.
What it does: Changes the color of Bearish Fair Value Gaps on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Bearish Fair Value Gaps to display. Default: 5, Min: 1, Max: 50.
If Fair Value Gaps are not displayed as expected, try increasing the max count.
🟦 Bullish FVG Color
Bullish FVG Color: Set the color for Bullish Fair Value Gaps.
What it is: A color picker to set the color of Bullish Fair Value Gaps.
What it does: Changes the color of Bullish Fair Value Gaps on the chart.
How to use it: Select a color from the color picker.
Additional Info:
Tooltip: Set the maximum number of Bullish Fair Value Gaps to display. Default: 5, Min: 1, Max: 50.
If Fair Value Gaps are not displayed as expected, try increasing the max count.
📏 FVG Range
↔ FVG Range: Set the range for Fair Value Gaps.
What it is: An integer input to set the range of the Fair Value Gaps.
What it does: Adjusts the range of the Fair Value Gaps displayed.
How to use it: Enter a value between 0 and 100.
Additional Info: Adjustable length only works when both RANGE & EXTEND display OFF. Range=current price, Extend=Full Range.
⏭ Extend FVG
Extend⏭: Toggle to extend Fair Value Gaps beyond the current range.
What it is: A boolean input to enable or disable the extension of Fair Value Gaps.
What it does: Extends Fair Value Gaps beyond their default range.
How to use it: Check or uncheck the box to enable or disable.
⏯ FVG Range
Range⏯: Toggle the range of Fair Value Gaps.
What it is: A boolean input to enable or disable the range display for Fair Value Gaps.
What it does: Sets the range of Fair Value Gaps displayed.
How to use it: Check or uncheck the box to enable or disable.
↕ Max Width
↕ Max Width: Set the maximum width of Fair Value Gaps.
What it is: A float input to set the maximum width of Fair Value Gaps.
What it does: Limits the width of Fair Value Gaps as a percentage of the price range.
How to use it: Enter a value between 0 and 5.0.
Additional Info: FVGs wider than this value will be ignored.
♻ Filter FVG
Filter FVG ♻: Toggle to filter out small Fair Value Gaps.
What it is: A boolean input to filter out small Fair Value Gaps.
What it does: Ignores Fair Value Gaps smaller than the specified max width.
How to use it: Check or uncheck the box to enable or disable.
➖ Mid Line Style
➖Mid Line Style: Select the style of the mid line for Fair Value Gaps.
What it is: A dropdown to choose between Solid, Dashed, or Dotted.
What it does: Sets the style of the mid line within Fair Value Gaps.
How to use it: Choose an option from the dropdown.
🎨 Mid Line Color
Mid Line Color: Set the color for the mid line within Fair Value Gaps.
What it is: A color picker to set the color of the mid line.
What it does: Changes the color of the mid line within Fair Value Gaps.
How to use it: Select a color from the color picker.
Additional Information
Mitigation Methods: Each method (Touch, Wicks, Close, Average) provides different criteria for when a Fair Value Gap is considered mitigated, helping traders to understand the dynamics of price movements within gaps.
Volume and Percentage: Displaying volume and percentage information for Fair Value Gaps helps traders gauge the strength and significance of these gaps in relation to trading activity and price movements.
Trendlines visuals:
📊 Trendlines Input Settings
📊 Show Trendlines
Trendlines & Trendlines Difference(%) ↕: Enable or disable trendlines and set the percentage difference from the first trendline.
What it is: A boolean input to toggle the display of trendlines.
What it does: Shows or hides trendlines on the chart and allows setting a percentage difference from the first trendline.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: The percentage difference determines the distance of the second trendline from the first one.
📏 Trendline Length Option
📏Trendline Length: Select the length for trendlines.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of trendlines.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=50, MID=100, LONG=200.
🔧 Custom Trendline Length
🔧custom: Specify a custom length for trendlines.
What it is: An integer input for setting a custom trendline length.
What it does: Overrides the default trendline lengths if set to CUSTOM.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
🔍 Max Bearish Trendlines
🔍Max Trendlines Bearish: Set the maximum number of bearish trendlines to display.
What it is: A dropdown to select the maximum number of bearish trendlines.
What it does: Limits the number of bearish trendlines shown on the chart.
How to use it: Choose a value from the dropdown (2-20).
🟩 Bearish Trendline Color
Bearish Trendline Color: Set the color for bearish trendlines.
What it is: A color picker to set the color of bearish trendlines.
What it does: Changes the color of bearish trendlines on the chart.
How to use it: Select a color from the color picker.
Additional Info: Adjust to control how many bearish trendlines are displayed.
🔍 Max Bullish Trendlines
🔍Max Trendlines Bullish: Set the maximum number of bullish trendlines to display.
What it is: A dropdown to select the maximum number of bullish trendlines.
What it does: Limits the number of bullish trendlines shown on the chart.
How to use it: Choose a value from the dropdown (2-20).
🟥 Bullish Trendline Color
Bullish Trendline Color: Set the color for bullish trendlines.
What it is: A color picker to set the color of bullish trendlines.
What it does: Changes the color of bullish trendlines on the chart.
How to use it: Select a color from the color picker.
Additional Info: Adjust to control how many bullish trendlines are displayed.
📐 Degrees Text
📐Degrees ° (💬 Size): Enable or disable degrees text and set its size and color.
What it is: A boolean input to show or hide the degrees text for trendlines.
What it does: Displays the degrees text for trendlines.
How to use it: Check or uncheck the box to enable or disable.
📏 Text Size for Degrees
Text Size: Set the text size for degrees on trendlines.
What it is: A dropdown to select the size of the degrees text.
What it does: Changes the size of the degrees text displayed for trendlines.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🎨 Degrees Text Color
Degrees Text Color: Set the color for the degrees text on trendlines.
What it is: A color picker to set the color of the degrees text.
What it does: Changes the color of the degrees text on the chart.
How to use it: Select a color from the color picker.
♻ Filter Degrees
♻ Filter Degrees °: Enable or disable angle filtering and set the angle range.
What it is: A boolean input to filter trendlines by their angle.
What it does: Shows only trendlines within a specified angle range.
How to use it: Check or uncheck the box to enable or disable.
Additional Info: Angles outside this range will be filtered out.
🔢 Angle Range
Angle Range: Set the angle range for filtering trendlines.
What it is: Two float inputs to set the minimum and maximum angle for trendlines.
What it does: Defines the range of angles for which trendlines will be shown.
How to use it: Enter values for the minimum and maximum angles.
➖ Line Style
➖Style #1 & #2: Select the style of the primary and secondary trendlines.
What it is: Two dropdowns to choose between Solid, Dashed, or Dotted for the trendlines.
What it does: Sets the style of the primary and secondary trendlines.
How to use it: Choose a style from each dropdown.
📏 Line Thickness
: Set the thickness for the trendlines.
What it is: An integer input to set the thickness of the trendlines.
What it does: Adjusts the thickness of the trendlines displayed on the chart.
How to use it: Enter a value between 1 and 5.
Additional Information
Trendline Percentage Difference: Setting a percentage difference helps in analyzing the relative position and angle of trendlines.
Filtering by Angle: This feature allows focusing on trendlines within a specific angle range, enhancing the clarity of trend analysis.
BOS & CHOCH Market Structure visuals:
📊 BOS & CHOCH Market Structure Input Settings
📏 Market Structure Length Option
📏Market Structure: Select the market structure length option.
What it is: A dropdown to choose between INTERNAL, EXTERNAL, ALL, CUSTOM, or NONE.
What it does: Sets the type of market structure to be displayed.
How to use it: Choose an option from the dropdown.
Additional Info:
INTERNAL: Only internal structure.
EXTERNAL: Only external structure.
ALL: Both internal and external structures.
CUSTOM: Custom lengths.
NONE: No structure.
🔧 Custom Internal Length
🔧Custom Internal: Specify a custom length for internal market structure.
What it is: An integer input for setting a custom internal length.
What it does: Defines the length of internal market structures if CUSTOM is selected.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
💬 Internal Label Size
💬Internal Label Size: Set the label size for internal market structures.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for internal market structures.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🟩 Internal Bullish Color
Internal Bullish Color: Set the color for bullish internal market structures.
What it is: A color picker to set the color of bullish internal market structures.
What it does: Changes the color of bullish internal market structures on the chart.
How to use it: Select a color from the color picker.
🟥 Internal Bearish Color
Internal Bearish Color: Set the color for bearish internal market structures.
What it is: A color picker to set the color of bearish internal market structures.
What it does: Changes the color of bearish internal market structures on the chart.
How to use it: Select a color from the color picker.
🔧 Custom External Length
🔧Custom External: Specify a custom length for external market structure.
What it is: An integer input for setting a custom external length.
What it does: Defines the length of external market structures if CUSTOM is selected.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
💬 External Label Size
💬External Label Size: Set the label size for external market structures.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for external market structures.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🟩 External Bullish Color
External Bullish Color: Set the color for bullish external market structures.
What it is: A color picker to set the color of bullish external market structures.
What it does: Changes the color of bullish external market structures on the chart.
How to use it: Select a color from the color picker.
🟥 External Bearish Color
External Bearish Color: Set the color for bearish external market structures.
What it is: A color picker to set the color of bearish external market structures.
What it does: Changes the color of bearish external market structures on the chart.
How to use it: Select a color from the color picker.
📐 Show Equal Highs and Lows
EQL & EQH📐: Toggle visibility for equal highs and lows.
What it is: A boolean input to show or hide equal highs and lows.
What it does: Displays or hides equal highs and lows on the chart.
How to use it: Check or uncheck the box to enable or disable.
📏 Equal Highs and Lows Threshold
Equal Highs and Lows Threshold: Set the threshold for equal highs and lows.
What it is: A float input to set the threshold for equal highs and lows.
What it does: Defines the range within which highs and lows are considered equal.
How to use it: Enter a value between 0 and 10.
💬 Label Size for Equal Highs and Lows
💬Label Size for Equal Highs and Lows: Set the label size for equal highs and lows.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for equal highs and lows.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🟩 Bullish Color for Equal Highs and Lows
Bullish Color for Equal Highs and Lows: Set the color for bullish equal highs and lows.
What it is: A color picker to set the color of bullish equal highs and lows.
What it does: Changes the color of bullish equal highs and lows on the chart.
How to use it: Select a color from the color picker.
🟥 Bearish Color for Equal Highs and Lows
Bearish Color for Equal Highs and Lows: Set the color for bearish equal highs and lows.
What it is: A color picker to set the color of bearish equal highs and lows.
What it does: Changes the color of bearish equal highs and lows on the chart.
How to use it: Select a color from the color picker.
📏 Show Swing Points
Swing Points📏: Toggle visibility for swing points.
What it is: A boolean input to show or hide swing points.
What it does: Displays or hides swing points on the chart.
How to use it: Check or uncheck the box to enable or disable.
📏 Swing Points Length Option
Swing Points Length Option: Select the length for swing points.
What it is: A dropdown to choose between SHORT, MID, LONG, or CUSTOM.
What it does: Sets the length of swing points.
How to use it: Choose an option from the dropdown.
Additional Info: Default lengths are SHORT=10, MID=28, LONG=50.
💬 Swing Points Label Size
💬Swing Points Label Size: Set the label size for swing points.
What it is: A dropdown to select the size of the labels.
What it does: Changes the size of the labels for swing points.
How to use it: Choose a size from the dropdown (XS, S, M, L, XL).
🎨 Swing Points Color
Swing Points Color: Set the color for swing points.
What it is: A color picker to set the color of swing points.
What it does: Changes the color of swing points on the chart.
How to use it: Select a color from the color picker.
🔧 Custom Swing Points Length
🔧Custom Swings: Specify a custom length for swing points.
What it is: An integer input for setting a custom length for swing points.
What it does: Defines the length of swing points if CUSTOM is selected.
How to use it: Enter a custom integer value (only shown when CUSTOM is selected).
Additional Information
Market Structure Types: Understanding internal and external structures helps in analyzing different market behaviors.
Equal Highs and Lows: This feature identifies areas where price action is balanced, which can be significant for trading strategies.
Swing Points: Highlighting swing points aids in recognizing significant market reversals or continuations.
Benefits
Enhance your trading strategy by visualizing smart money's influence on price movements.
Make informed decisions with real-time data on significant market structures.
Reduce manual analysis with automated detection of key trading signals.
Ideal For
Traders looking for an edge in forex, equities, and cryptocurrency markets by understanding the underlying forces driving market dynamics.
Acknowledgements
Special thanks to these amazing creators for inspiration and their creations:
I want to thank these amazing creators for creating there amazing indicators , that inspired me and also gave me a head start by making this indicator! Without their amazing indicators it wouldn't be possible!
Flux Charts: Volumized Order Blocks
LuxAlgo: Trend Lines
UAlgo: Fair Value Gaps (FVG)
By Leviathan: Market Structure
Sonarlab: Liquidity Levels
Note
Remember to always backtest the indicator first before integrating it into your strategy! For any questions about the indicator, please feel free to ask for assistance.
Hourly Trading System (Zeiierman)█ Overview
The Hourly Trading System (Zeiierman) is designed to enhance your trading by highlighting critical price levels and trends on an hourly basis. This indicator plots the open prices of hourly and 4-hour candles, visualizes retests, displays average price lines, and overlays higher timeframe candlesticks. It is particularly beneficial for intraday traders seeking to capitalize on short-term price movements and volume patterns.
█ How It Works
This indicator works by plotting significant price levels and zones based on hourly and 4-hour candle opens. It also includes functionalities for identifying retests of these levels, calculating and displaying average prices, and showing high and low labels for each hour.
█ Timeframe
The Hourly Trading System is designed to be used on the 1-minute or 5-minute timeframe. This system is tailored for intraday trading, allowing traders to find optimal entries around hourly opening levels and providing an easy method to identify the hourly trend. It works effectively on any market.
█ How to Use
Trend Analysis
Quickly gauge where the current price stands relative to key hourly and 4-hour levels. The plotted lines and zones serve as potential support and resistance areas, helping traders identify crucial points for entry or exit.
Utilize the 1-hour average and higher timeframe candles to understand the overall market trend. Aligning intraday strategies with larger trends can enhance trading decisions.
Use the bar coloring to quickly gauge the 1-hour trend on a lower timeframe. The bar colors indicate whether the hourly trend is bullish (green) or bearish (red), helping traders make quicker decisions in alignment with the overall trend.
Retest Identification
Enable retest signals to see where the price retested the hourly open levels. These retest points often signal strong price reactions, offering opportunities for trades based on support/resistance flips.
One effective strategy to incorporate is looking for price flips when a new hour starts. This approach involves monitoring price action at the beginning of each hour. If the price breaks and retests the hourly open level with strong momentum, it could indicate a potential trend reversal or continuation. This strategy is effective in volatile markets where price movements are significant at the start of each new hour.
Liquidity Sweep Strategy
Another common and effective strategy is the liquidity sweep. This involves identifying key levels where liquidity is likely to accumulate, such as previous hour highs and lows, and observing how the price interacts with these price levels. When the price sweeps through these levels, triggering stop-loss orders or pending orders, it often results in a sharp price movement followed by a reversal. Traders can capitalize on these movements by entering trades in the direction of the reversal once the liquidity sweep has occurred.
Equal Highs and Lows Strategy
The Equal Highs and Lows strategy leverages the concept of identifying levels where the price forms multiple highs or lows at the same level over different hourly periods. These equal highs and lows often indicate strong support or resistance levels where liquidity is accumulated. When the price approaches these levels, it is likely to trigger stop-loss orders and lead to significant price movements. Traders can look for breakouts or reversals around these levels to enter trades with higher probability setups.
█ Settings
Zone Width: Specifies the width of the zone around the 1-Hour Open as a percentage. Adjust this to widen or narrow the zone.
Show Retests: Enables or disables the display of retest markers. Retest markers show where the price has retested the 1-Hour Open line.
Number of Retests: Sets the number of retests to display. Adjust this to see more or fewer retest markers.
Volume Filter: Enables or disables the volume filter for retests. Use this to highlight retests with significant volume.
Volume Filter Length: Sets the length of the volume filter, smoothing the volume data to reduce noise.
1-Hour Average Line: Enables or disables the 1-hour average price line. This line shows the average price over the past hour.
Hourly High & Low Labels: Enables or disables the display of hourly high and low labels, marking the highest and lowest prices within each hour.
Candlesticks: Enables or disables the display of candlesticks on the chart, providing a detailed view of price action.
Bar Color: Enables or disables bar coloring based on price direction, with up bars in green and down bars in red.
Timeframe: Sets the timeframe for higher timeframe candles. Adjust this to match the period you want to analyze.
Number of Candles: Sets the number of higher timeframe candles to display. Increase this to see more candles on the chart.
Location: Sets the location for higher timeframe candles, allowing you to position them left or right on the chart.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Open Interest liquidation map [Ox_kali]This script is inspired by @LeviathanCapital work on aggregating Open Interest , as presented in the Open Interest Suite Aggregated script. This script aims to provide a liquidation map of Open Interest by identifying significant anomalies across multiple trading platforms. By integrating data from Binance, BitMEX, and Kraken, this script tries to offer a comprehensive and detailed view of Open Interest movements and attempts to define zones of interest.
Key Points
1. Multiple Data Sources : The script retrieves Open Interest data from several trading platforms, including Binance (USDT, USD, BUSD), BitMEX (USD, USDT), and Kraken (USD).
2. Anomaly Detection : Utilizes a simple moving average (SMA) to calculate the average size of Open Interest candles and identify anomalies based on a user-specified size factor.
3. Background Coloring : Offers an option to color the background of the charts based on detected anomalies, allowing for clear visualization of significant movements.
4. Dynamic Support and Resistance Zones : Defines and dynamically updates support and resistance zones based on Open Interest anomalies.
5. Alerts : Configures alerts to notify the user when an Open Interest anomaly is detected.
Trading Utility
This script can be useful for monitoring significant changes in Open Interest and potential liquidation zones across multiple platforms. The main trading applications include:
1. Identifying Liquidation Points : By detecting Open Interest anomalies, it is possible to identify potential liquidation points where significant price movements might occur.
2. Multi-Platform Analysis : By aggregating Open Interest data from multiple platforms, a more comprehensive market overview is obtained.
3. Detecting Support and Resistance Zones : Dynamic support and resistance zones help identify key price levels where trend reversals might occur.
4. Customized Alerts: Anomaly alerts allow for automated responses to market changes.
Conclusion
The “Open Interest liquidation map ” script is an experimental tool for analyzing Open Interest across multiple trading platforms. Inspired by Leviathan’s work, this script attempts to identify liquidation and interest zones. This is an experimental version, and I welcome any comments and feedback for improvement.
Please note that the Open Interest liquidation map is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
NVT Z-ScoreNVT Z-Score Script:
Data Source and Calculation: This script calculates the NVT ratio by dividing the market cap (assumed from QUANDL data) by a 90-day MA of the transaction volume (also from QUANDL), similar to the NVTS calculation. However, the adaptation lies in further analyzing the NVT ratio through a Z-score approach, not explicitly described in the original NVTS methodology.
Z-Score Analysis: The script calculates the mean and standard deviation of the NVT ratio over a user-defined period (daysForMean, defaulting to 180 days) and then computes the Z-score of the current NVT ratio relative to this historical data. This Z-score analysis introduces a standardized way of understanding the NVT ratio's deviation from its historical average, offering a nuanced view of market valuation states.
Visualization and Dynamic Zones: The visualization emphasizes Z-score-based dynamic zones (green, yellow, and red), determined by the stdDevMultiplier. These zones are plotted and filled on the chart, providing visual cues for interpreting the NVT ratio's current state in relation to its historical norm. This aspect significantly differs from the traditional NVTS approach by directly incorporating the concept of standard deviation and Z-scores into the analysis.
Fair Value Gap Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Fair Value Gap Screener! This screener can provide information about the latest Fair Value Gaps in up to 5 tickers. You can also customize the algorithm that finds the Fair Value Gaps and the styling of the screener.
Features of the new Fair Value Gap (FVG) Screener :
Find Latest Fair Value Gaps Accross 5 Tickers
Shows Their Information Of :
Latest Status
Number Of Retests
Consumption Percent
Bullish & Bearish Volume
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. This screener then finds Fair Value Gaps accross 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the FVG.
Approaching ⬆️/⬇️ -> The current price is approaching the FVG, and the direction it's approaching from.
Inside -> The price is currently inside the FVG.
Retests -> Retest means the price tried to invalidate the FVG, but failed to do so. Here you can see how many times the price retested the FVG.
Consumed -> FVGs get consumed when a Close / Wick enters the FVG zone. For example, if the price hits the middle of the FVG zone, the zone is considered 50% consumed.
Bullish / Bearish Volume -> Bullish & Bearish volume of a FVG is calculated by analyzing the bars that formed it. For example in a bullish FVG, the bullish volume is the total volume of the first 2 bars forming the FVG, and the bearish volume is the volume of the 3rd bar that forms it.
🚩UNIQUENESS
This screener can detect latest Fair Value Gaps and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener also uniquely shows information about the number of retests and the consumed percent of the FVG, as well as it's bullish & bearish volume. We believe that this extra information will help you spot reliable FVGs easier.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan Fair Value Gaps here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
Liquidity Spike PoolThe “Liquidity Pools” indicator is a tool for market analysts that stands out for its ability to clearly project the intricate zones of manipulation present in financial markets. These crucial territories emerge when supply or demand takes over, resulting in long shadows (wicks) on the chart candles. Imagine these regions as "magnets" for prices, as they represent authentic "liquidity pools" where the flow of money into the market is significantly concentrated. But the value of the indicator goes beyond this simple visualization: these zones, when identified and interpreted correctly, can play a crucial role for traders looking for profitable entry points. They can mutate into important bastions of support or resistance, providing traders with key anchor points to make informed decisions within their trading strategies.
A key aspect to consider is the importance of different time frames in analyzing markets. Larger time frames, such as daily or 4h, tend to host larger and more relevant liquidity zones. Therefore, a successful strategy might involve identifying these areas of manipulation over longer time frames through the use of this indicator, and then applying these findings to shorter time frames. This approach allows you to turn manipulation zones into crucial reference points that merit constant surveillance while making trading decisions on shorter time frames.
The indicator uses color to convey information clearly and effectively:
- Dark blue lines highlight candles with significant upper wick, signaling the possible presence of an important manipulation area in the considered area.
- Dark red lines are reserved for sizable candlesticks with significant upper wick, emphasizing situations that are particularly relevant to traders.
- Dark gray lines highlight candles with significant lower wick, providing a valuable indication of manipulation zones where the bid may have prevailed.
- White lines highlight sizable candlesticks with significant lower wick, clearly indicating situations where demand has been predominant and may have helped form a liquidity pool.
This indicator constitutes an important resource for identifying and clearly displaying candles with significant wicks, allowing traders to distinguish between ordinary market conditions and circumstances particularly relevant to their trading strategies. Thanks to the distinctive colors of the lines, the indicator offers intuitive visual guidance, allowing traders to make more informed decisions while carrying out their analyses.
VIX HeatmapVIX HeatMap
Instructions:
- To be used with the S&P500 index (ES, SPX, SPY, any S&P ETF) as that's the input from where the CBOE calculates and measures the VIX. Can also be used with the Dow Jones, Nasdaq, & Nasdaq100.
Description:
- Expected Implied Volatility regime simplified & visualized. Know if we are in a high, medium, or low volatility regime, instantly.
- Ranges from Hot to Cold: The hotter the heat-map, the higher the implied volatility and fear & vice versa.
- The VIX HeatMap, color-maps important VIX levels (7 in this case) in measuring volatility for day trading & swing trading.
Using the VIX HeatMap:
- A LOW level volatility environment: Represented by "cooler" colors (Blue & White) depicts that the level of volatility and fear is low. Percentage moves on the index level are going to be tame and less volatile more often than not. Low fear = low perceived risk.
- A MEDIUM level volatility environment: Represented by "warmer" colors (Green & Yellow) depicts that the markets are transitioning from a calmer period or from a more fearful period. Market volatility here will be higher and provide more volatile swings in price.
- A HIGH level volatility environment: Represented by "hotter" colors (Orange, Red, & Purple) depicts that the markets are very fearful at the moment and will have big swings in both directions. Historically, extreme VIX levels tend to coincide with bottoms but are in no way predictive of the exact timing as the volatile moves can continue for an extended period of time.
- Transitioning between the 7 VIX Zones: Each and every one of these specific VIX zone levels is important.
1. Extreme low: <16
2. Low: 16 to 20
3. Normal: 20 to 24
4. Medium: 24 to 28
5. Med-High: 28 to 32
6. High: 32 to 36
7. Extreme high: >36
- These VIX levels in particular measure volatility changes that have a major impact on switching between smaller time frames and measuring depths of a sell move and vice versa. Each level also behaves as its own support & resistance level in terms of taking a bit of effort to switch regimes, and aids in identifying and measuring the potential depth of pullbacks in bull markets and bounces in bear markets to reveal reversal points.
- Examples of VIX level supports depicted on the chart marked with arrows. From left to right:
1. March 10th: Markets jumped 2 volatility levels in 2 days. The fluctuations from blue to yellow to green where a sign that price action would reverse from the selloff.
2. March 28th: As soon as we move from green to the blue VIX level (<20), markets began to rally and only ended when the volatility level moved sub VIX 16 (white).
3. May 4th & 24th: Next we see the 2 dips where volatility levels went from blue to green (VIX > 20), marked bottoms and reversed higher.
4. June 1st: We see a change in VIX regime yet again into lower VIX level and markets rocket higher.
Knowing the current VIX regime is a very important tool and aid in trading, now easily visualized.
Vorse4**Vorse4 Indicator**
The Vorse4 Indicator is a technical analysis tool that combines Chaikin Oscillator, Intraday Momentum Index (IMI), MACD, and Parabolic SAR indicators. This indicator generates trading signals when all four indicators simultaneously provide buy or sell signals and visually presents these signals on the chart.
**How to Use:**
1. Buy signal: A buy signal is generated when there is a positive crossover in the Chaikin Oscillator, the IMI is above 50, the MACD line crosses the signal line upwards, and the price is above the Parabolic SAR. It is marked with a green arrow below the chart.
2. Sell signal: A sell signal is generated when there is a negative crossover in the Chaikin Oscillator, the IMI is below 50, the MACD line crosses the signal line downwards, and the price is below the Parabolic SAR. It is marked with a red arrow above the chart.
3. Turning zones: Areas with a high probability of transitioning from buy to sell or sell to buy are marked in yellow. These zones are determined by monitoring turning points in the Chaikin Oscillator, MACD, and Intraday Momentum Index.
**How to Apply:**
1. In your TradingView chart, go to the indicators menu and search for the "Vorse4" indicator.
2. Add the indicator to your chart. You will see green and red arrows indicating buy and sell signals, as well as yellow-colored areas representing turning zones on your chart.
3. Observe the buy and sell signals and trade according to your strategy. Analyze the performance of the indicator on historical data to evaluate the reliability of the signals.
**Note:** You can adjust the indicator parameters to balance the frequency and accuracy of buy and sell signals. Each strategy has a different risk-reward balance, so you can try different values to find the one that works best for you.
Harmonic Patterns Based Trend FollowerEarlier this week, published an idea on how harmonic patterns can be used for trend following. This script is an attempt to implement the same.
🎲 Process
🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots
🎯 If a pattern is found, highest point of pattern will become the bullish zone and lower point of the pattern will become bearish zone.
🎯 Since it is trend following method, when price reaches bullish zone, then the trend is considered as bullish and when price reaches bearish zone, the trend is considered as bearish.
🎯 If price does not touch both regions, then trend remains unchanged.
🎯 Bullish and bearish zone will change as and when new patterns are formed.
🎲 Note
Patterns are not created on latest pivot as last pivot will be unconfirmed and moving. Due to this, patterns appear after certain delay - patterns will not be real time. But, this is expected and does not impact the overall process.
When new pattern formed
When price breaks over the zones
🎲 Output
🎯 Patterns formed are drawn in blue coloured lines. Due to pine limitation of max 500 lines, older patterns automatically get deleted when new ones come.
🎯 Bullish Zone and Bearish Zone are plotted in green and red colours and the zone will change whenever new pattern comes along.
🎯 Bar colors are changed according to calculated trend. Trend value can be 1 or -1 based on the current trend. You can also find the value in data window.
🎯 For simplicity purpose, input option for selection of specific patterns are not provided and also pattern names are not displayed on the chart.
1+KillZoneLiteRemove plot line for a better view. I've made this to work on "US30 Global Prime" probably works on other pairs the codes left open to mod.
This Indicator shows 3 sessions to help you focus on timing. This will help you with learning pattern recognition aswell.
1. Gray zone is spreads. The gray zone will show up 30 min before spreads open up.
2. Blue is new york
3. Red is london reversal zone.
4. Look between the zones and also how price reacts within the zones and at what time.
5. This indicator also prints the sessions 1 day in advance to help with back testing aswell.
AO Limit Signal===
AO Limit Signal supply Pending Price and Limit Order with detail as bellow
===
A.Buy Limit
1.Get Pending Price
+ Oscillator go into oversold zone
+ Pending price is lowest Low Price in (n) periods
+ (n) is fast periods of AO
2.Active Buy Limit
+ Oscillator go out oversold zone
+ Place Buy Limit at pending price
===
B.Sell Limit
1.Get Pending Price
+ Oscillator go into overbought zone
+ Pending price is highest High Price in (n) periods
+ (n) is fast periods of AO
2.Active Sell Limit
+ Oscillator go out overbought zone
+ Place Sell Limit at pending price
===
C.Oscillator
1.AO default parameter
+ Source: HL2
+ Fast Period: 25 H1
+ Slow Period: 75 H1
2.Overbought - Oversold Zone
+ AO's %b period: 80
+ AO's %b multiplier: 2.5
+ Overbought zone: AO's %b above 0.8
+ Oversold zone: AO's %b below 0.2
3.Color
+ Yellow dot: AO go into Overbought - Oversold Zone
+ Red dot: AO go out Overbought Zone
+ Green dot: AO go out Oversold Zone
===
INDIGO - Cloud System ©INDIGO Cloud System ©
This script shows the monthly dip and peak zones and the daily highs & lows.
The green zone is the dip zone. It's the place to enter a long position if you think there is or will be a reversal.
The red zone is the peak zone. It's the place to enter a short position if you think there is or will be a reversal.
The script uses the INDIGO Cloud System ©, the Ultimate RSI and the Market Direction Indicator to find an entry at the most optimal point in space and time.
The exit for the long trade is on the purple line and the exit for the short trade is on the blue line.
It also has an RSI exit to minimize the risk of a sudden reversal in the wrong direction while in trade.
You can set TP and SL to see the effects of it on the chart. Be aware that these change a lot of trades so use it wisely.
The labels are connected to alerts to notify you of a possible entry or exit.
This script uses the Ultimate RSI by ChrisMoody, thanks for creating this Chris !
This script also uses the Market Direction Indicator by LazyBear, great script !
You can use the MD Filter to filter out some bad trades. It decreases losses but also some profits.
Experiment with the settings, each pairing needs different settings.
--> Use this script at your own risk. Do your own research, never invest money you're not willing to lose and never put your trust in one indicator !
To my best knowledge this script doesn't repaint. I never use the close and only use high/low when value can't be untrue again. If you find repainting in this script PLEASE let me know !
Feel free to contact me for questions or feedback.
Enjoy the script :)
