STIC bullish and bearish hunter with FVG

31 Mar

Smart Trading and Investment Companion (STIC) is a sophisticated tool designed to identify and visualize inducement, market structure, market trends, track liquidity, and project and forecast price action for all applicable assets. it has been tested to work on all timeframes and has been traded on stock, forex, and crypto assets.
This script is an upgraded version of previous STIC indicator, which you can use in addition to it or separately as you deem fit

Traders/ investor that are familiar with market structure, inducement, candlestick psychology, trend-following indicatorsand Fair Value Gap FVG will find it easy to adopt this trading and investment companion. As stated below, this is how it works.

Features and how to use
1st of all, after adding the indicator to yoursuperchart, you want to endusre to set your <visual order> to <bring to front> so as to enable you see the text labeling clearly. to do that, after adding the indicator to your chart, right click it on the list, you will se the Visual order option.

Special Extreme Alert!
By analyzing the trends and dimensions, we are able to predict market extremes conditions, especially in pump and dump scenarios. (the bullish or bearish P/D extreme alerts).

Market flip arrow
The arrows trigger to indicate when the market flips to bullish (green) or bearish (red) conditions. note that this arrow is just a market flip confirmation and it it triggered by market trends, it does not come one time and sometimes later after market trigger conditions had been met.

circled in white.

Buy or sell potential {The tiny yelow(sell) and blue(buy) triangle}

By analyzing market extreme conditions, market sentiment, and liquidity, the buy/sell potential alert trigger is able to determine the state of the market, This can and should be used in combination with the market flip line (MFL)[the yellow line from , market flip trigger (MFT) (purple line), and market support/resistance line (MSR)(blue line) . [Note: you can change the colors to suit you]

Market flip Line (Blue line) (MFL): the MFL is useful to also understand the market phase; a candle close above the MFL is bullish, while a candle close Below, the MFL is bearish. You are, however, expected to experience market retests and rejections coupled with support and resistance to follow through with the predicted direction. Patience is a valuable virtue in trading.

Extended sell or buy hunt (Red and Green Triangle)

this is real-time triangles indicator just like every other indicator on theis chart that indicates the market direction labeled with buy and sell. Note that the market-extended extreme can occur multiple times in the same direction. Hence, we'll advise having multiple trade entries.

The flip support line
Market Flip Trigger Line (MFTL) (Magenta): When the market crosses and closes below or above the Market Flip Trigger Line, you should wait for a confirmation. a confirmation is usually a retest or rejection of the line. A candle close and reject indicates the market as flip direction and it is going for a correction or major reversal. it is applicable on all timeframe.

As mentioned earlier, if you understand market structure and sentiment, using the uFVG, iFVG, upLQTY, downLQTY and BOS will be easy. however, this is how it works, you may need tohave and expanded readbout market structure for additional knowledge.

upLQTY (Bullish liquidity inducement)

The indicator appear at the close and confirmation on the 3rd candle and it is extended to only appear on 200 bars applicable on all timeframes.
This is a bullish sentiment and liquidty inducement order block that occurs, leading to the break of trend structure and change of character. Meaning the market sentiment as change which is backed up by liquidity in that region, which mostly gets filled, especially on lower timeframes before the price action continues. If price revese breaks and hold above this region, it invalidates the order block. This will always appear when there is a confirmed change of character CHoCH to the bullish side.

downLQTY (Bearish liquidity inducement) The indicator appear at the close and confirmation on the 3rd candle and it is extended to only appear on 200 bars applicable on all timeframes. It is and inverse of the upLQTY.

like order block, these are supply and demand zones that has the potential to change the direction of a trade. This is a bearish order block that occurs, leading to the break of structure and change of character. Meaning there is bearish liquidity yet to be accounted for in the region, which mostly gets filled, especially on lower timeframes before the price action continues. If broken, it invalidates the order block. This will always appear when there is a confirmed change of character from CHoCH to the bearish side.

Fair Value Gap

From general knowledge, FVG also know as Fair value gaps are inbalnace created by a 3 candlestick pattern where the top of the bottom candles doesn't cross the bottom of the top candle. like order block, these are supply and demand zones that has the potential to change the direction of a trade. This mostly indicate the presense of big plays in the market. for STIC indicator, FVG are labeled as listed below;
UFVG, also FVGup, {Colour green box} = bullish imbalance fair value gap
IFVG, aka FVGdown, {Red box} = bearish imbalance fair value gap
OIFVG, {Yellow box, no label} = other imbalances fair value gab

You should not that FG has upper, lower and middle band, any of the this area can be induced and filled by price.

Alert Conditions!
Buy alert conditions
- Any bullish buy alert
- Bullish hunt
- Re-entry Buy
- Sharp Market Sell rejection
- Buy potential
- upLQTY

Long position Exit conditions
- ExtremeB
- Profit
- Sell hunt
The Entry, exit and trail profit alert trigger should be used as position exit conditions either for a Long (Buy) or Short (Sell) situation and should be set as OPB (Once Per Bar). Using it as entry for exit or vice versa as shown not to be very profitable. hence the need to combine with other order entry alerts like the Any bullish or Bearish alerts

Sell alert conditions ( NOTE: All Sell alert are not yet included in this current version as this is targeted towards bullrun.)
- Sell potential
- Sell triangle (Sell hunt)
- downLQTY

and any trail profit alert, this alert put into consideration all the conditions required to trail profit.

Risk management advice

Patience and a good risk management strategy are required to be profitable trader using this tool. You need to ensure not to overleverage, and you should have multiple entries in case the buy coditions/alert shows again below the previous buy alert before a sell condition/alert occurs.

31 Mar

Sürüm Notları

Market flip triggers are optimized.
Toward identifying a possible correction or market flip. This alert helps you to potentially position for a reversal while you combine the output with other indicators on the chart, like the FVG and other buy and sell conditions.
This trigger alerts you when the market potentially enters a correction phase. This can help us identify when Bitcoin will break down for correction or retracement.
NOTE: This alert can be set on all timeframes, but for bear/bull market triggers, it is best set on 12H, daily, or weekly TF.

1 Nis

Sürüm Notları

Sell alert conditions included, which is applicable on all timeframes
the bullish entry and any bullish alert and take profit have also been optimized.
You can set your alert condition using the alert features in tradeview.
Enjoy

17 Nis

Sürüm Notları

Current updates include:
Optimizing the buy/sell potential 2 triangle and alert. Buy/Sell 2 is now split into two types.
buy or sell 2 and Ebuy or Esell 2
Ebuy/Esell stands for extended buy/sell condition.
This normally occurs when the initial buy/sell condition is yet to close and the market is deviating or consolidating further

If you have already set trade alerts for STIC v2 on TradingView, please delete them, as the latest update will not take effect on existing alerts.

Also note that for optimum profit, I'll recommend <Any take profit bullish/bearish alert> to be used as the only alert to exit and trail profit.

2 May

Sürüm Notları

This update includes:
1. optimizing and smoothing the buy-and-sell potential algorithm to reduce noise.

2. fixing bugs associated with <any bullish/bearish buy/sell> and <any bullish/bearish take profit>. You can now use any buy/sell triggers.
Note: If you already set alerts, you will need to delete them and reset them so as to allow the new update to take effect.

3. The re-entry buy/sell trigger has been optimized to only trigger after an inbalanced buy/sell is detected.
Send a message to request access
Enjoy.

8 May

Sürüm Notları

This update includes addition of dynamic stop-loss and trailing stop (protect profit) represented by the cross (X). Note that ithe stoploss is dynamic as it follows market momentum.
You can nows utilized the bullish/bearish stoploss alert.

Sometime, hiting stop are bound to happen. Its better stopped out than extended loss.
Enjoy

12 May

Sürüm Notları

Dynamic Stoploss and trailstop optimized suggesting 2% deviation trigger.

31 May

Sürüm Notları

this update includes an optimization of the stop-loss and take profit alert.
note the 2% deviation on the stoploss.
The stop-loss is dynamic and it moves and change as the trends move up or down. SL will adjust and halt and a potential point of change of character. practice and set your desired percentage deviation toward your position size.
##tradesmartly

31 May

Sürüm Notları

After 240 iterations, some buy and sell conditions that might have caused false signals have been removed. This update is useful if you use the TradingView alert feature with the "Any bullish buy" and "Any bearish sell" alert conditions.

Enjoy
#tradesmartly #STIC

29 Tem

Sürüm Notları

Always getting better!
The latest update include filtering off invalid entry and exits.
The latest update target Short entry at Swing High and Long entries at Swing low, while optimizing consolidated region.

The best way to use STIC is to to pick you entries on lower time frame, use the Stop-Loss trigger on 2-4x the entry timeframe and use Take profit trigger on 8-16x of the entry timeframe

Bearish Sentiment - Potential Short (Bearish) movement
Bullish sentiment - Potential Long (bullish) movement
PLE = Potential Long Exit
PSE= Potential Short Exit
Stop loss trigger (X)
IBOS label - Lower break of structure
uBOS label - Upper break of structure

By default, PLE, PSE, and Stop-loss label are disable, you can enable them under the indicator setting.
When uBOS or lBOS gets a valid break, that can be termed as Change-Of- Character
FVG = Fair Valur gap (You can read more on how trade with fair value gap in previous update)

It's all about catching the extreme and exiting and maimum possible profit
https://www.tradingview.com/x/aDnKbFRP/

#Tradesmartly

10 Ağu

Sürüm Notları

Bulis an Bearish entry alert update to exclused potential inducement.

6 Eyl

Sürüm Notları

This update includes some major fix related to inducements, valid entries and taking profit.
"Rome is not built in a day"

Inducements
Inducement occurs when institutional trader create fakeout scenarios so as to induce traders into taking a direction that most likely reverse after few candlestick. This update tends to point out occasions like that as they are occurring (Live). This also helps you indentify potential invalid entries.


Bull or Bear inducement, tells you when to calm down. don't chase it.

The inducement alert as also been added to alert list as <bull and bear inducement>
Talking about inducement, note that the <extreme Alert take some profit> alert is not really and entry signal, it is best used as exit or means to adjust your SL.

Bearish Take profit
This update also includes a Take some Sell profit alert for bear traders (market down trend), it can also help you know which sell alert is invalid especially when Take some sell profit alert and eSell occurs on the same candlestick with a sell sentiment alert. it is a potential inducement.
As shown below


AUDNZD is another example as shown here


The Sell and Buy sentiment alert as also been optimized to remove potential inducement.

Sell or Buy some alerts

the buy some alert is a smal triangle alert that shows potential entry as well as the buy sentiment alert. as shown.


Highs and lows
The high of the candlestick holding uBOS can be termed as the High, HH or HL while the Lows of the candlestick holding lBOS can be termed as the Low, LL or LH.
Understanding market structure is an added advantage.


A valid entry is one without inducement. however, taking an induced entry could still go in th direction, but its best to be calm and wait for entry confirmation. use the STIC alert with the tradingview alert system.

As efficient as the latest update is, please note that inducement alert are not 100%, there might some lapses.

#Tradesmartly #STIC #inducement

7 Eyl

Sürüm Notları

Buy and Sell inducement alert optimized.
STIC helps you more when you understand market structure.

Tradesmartly

7 Eyl

Sürüm Notları

Update includes
- Bullish break and Bearish break symbol label increased.
- Bull and Bear noise sentiment optimized
- Bull and Bear inducement alert optimized.

9 Eyl

Sürüm Notları

Bullish and Bearish inducement alert optimized on 1h and 15min timeframe
Note that, everyone now have 30day excess access to this indicator as long has you have been requested access before now.

11 Eyl

Sürüm Notları

The update includes the optimization of the inducement alert (bassically increased the threshold for detecting inducement).

Kindly note that the inducement alert is optimized and setup on lower minutes timeframe LTF.
(LTF are the proper time frame to pick entries), while using STIC, it is best to consider the early valid entries only.

[Heads up] After a potential mitigation of liquidity, if the candlestick with entry sentiment alert also hold inducement alert, you can consider ignoring the inducement.
that market is dynamic, it is quite difficult to filter out the inducement label currently.
so I'd advice you only consider the early valid entries.
Valid entries are candlestick entries labels without an inducement label.

#Tradesmartly.

14 Eki

Sürüm Notları

🥁🥁🥁🥁🥁🥁🥁
Cooking is done, and food is served... yeah i'm exited.


The latest update includes fixing the inducement issues optimally.

Bull and Bear mode is now included.

One of the mistake I believe I had made in the early phase of developing STIC is my focus on catching entries at extremes without confirmation of direction, (swing highs and lows). as goo as that is, it is not feassibe in all market situation as the market is dynamic, so it is best to wait for confimation. I've resolved that

Candlestick bar color:
Candlestick color has now been added:
Blue candle body = Bull mode
Red candle body = Bear mode

New alert inclusion:
Scalp Long and Short: this alert as meant for scalper (optional). just a short term in and out. Note that as much as they are valid most time, they can get you induced sometime. especially if they occur in an inverse MS zone.

Label name change:
Bull sentiment = Bull Signal
Bear sentiment = Sell Signal

Note:
Market Structure (MS) mode determination has been automated and it is effective per timeframe. bullishness (blue) or bearishness (red).


Here is a 1H_Daily mode on SOLUSDT


example of Entry #SOLUSDT on 2RR target



#BTCUSDT

#XAUUSD


Take profit Alert updated:
Any take profit alert: this alert is best used on a TF 2-4x higher than your entry timeframe.
Bullish/Bearish take profit (same entry SM TF): this alert can be used effectively on same TF as your entry and/or 2x the entry TF. You can make use if the TradingView alert system.

Risk plot:
The latest update also includes showing the risk per valid entry. You can enable this feature in the indicator settings. Risk is needed in your long/short projection tool to determine where your SL should be.

Feel free to leave your comment as you use the tool.
Enjoy and Trade smartly

15 Eki

Sürüm Notları

Update includes:
Highs and Low plot. it is however disabled by default, you can enable in the indicator setting.
Volatility extreme alert. you can now set special extreme alert condition in cases of extreme pump and dumps.
Bull and bear mode plot optimized.

#Tradesmartly

22 Eki

Sürüm Notları

The update includes fixing some bug related to take profit alert and optimizing the take profit alert with the extreme exit trim alert.

Short/Long Extreme Exit Trim:

This helps you make a profit at extremes. when you see this alert, it is best to take your profit and wait for entry.
Side note: it can also be used as an entry sometime

Alert name: Short/Long extreme exit trim

Inducement alert Threshold: As market and assets are very dynamic, it is best to put the entry invalidation alert (inducement alert) in your hands. You can now manually adjust your inducement threshold in the indicator input settings. Default value is 37. When trading a very choppy asset, you can step it up to 40+.

Trading Golden Nugget: While using STIC, note that, you should have LTF, MTF an HTF. Place entry on LTF and protect profit or TP on MTF and HTF. LFT is only for entry. When you place your entry on LTF, switch your chart to MTF or HTF to monitor your trade if you need to.

Except I notice an oversight, this should be the last STIC update for a while. Everything is now in place for you to be profitable in your trading journey.

#Tradesmartly.

27 Eki

Sürüm Notları

Yeah, I know at the end of the last update I mentioned that it may be the last push. However, I noticed some anomaly so I have to make this fix.
This update includes fixing bug related to calibration alert and scalp entry which was causing the plotting of some invalid entries.
Also, Buy signal is now Buy Sentiment and sell signal now Sell sentiment. I believe buy being
synonymous to Bull and sell being Bear is a general knowlegdge

Enjoy and #Tradesmartly