Screener (ILPAC) [AlgoAlpha]

🟠OVERVIEW
This script is a powerful multi-symbol scanner designed to work as a companion to the "Institutional Liquidity & PA Concepts" (ILPAC) indicator. It allows you to monitor the key price action and liquidity signals from the ILPAC suite across a watchlist of up to 18 assets, all from a single dashboard. The primary goal of this tool is to provide a high-level market overview, enabling you to efficiently spot assets that are showing strong structural trends, interacting with key liquidity zones, or exhibiting signs of FOMO-driven volatility.

Instead of switching between dozens of charts, you can use this screener to quickly filter for assets that meet your specific trading criteria based on the advanced concepts of market structure, liquidity analysis, trend lines, and market sentiment.


🟠CONCEPTS
The screener is built upon the core analytical engine of the "Institutional Liquidity & PA Concepts" indicator. It applies the proprietary algorithms of the ILPAC indicator to each symbol in your watchlist and presents the results in an easy-to-digest table. The concepts are combined to create a holistic view of the market.

Each column in the table is a window into a specific trading concept:

• Market Structure: This is the foundation of price action analysis. The screener identifies the current market trend (bullish or bearish) by tracking swing highs and lows. It also flags critical events like a Break of Structure (BOS), which signals trend continuation, and a Change of Character (CHoCH), which suggests a potential trend reversal.
  
• Liquidity Analysis: The screener analyzes order flow to determine where significant liquidity is resting. The "Liquidity Bias" column shows the net direction of this pressure, while the "Liquidity Event" column alerts you when price interacts with these key zones, either by forming a new one or mitigating an old one.
  
• Trend Lines: This concept automates the classic technical analysis technique of drawing trend lines. The screener identifies significant swing points to form trend lines and then monitors them, alerting you to potential trend continuations or breakouts.
  
• FOMO Bubbles: This concept measures crowd psychology by identifying sudden spikes in volume and price movement that are characteristic of "Fear of Missing Out." These signals can help identify potential trend exhaustion points or the start of a speculative rally.
  

By presenting these distinct but interconnected concepts together, the screener provides a multi-faceted view that allows traders to build a strong, confluence-based trading thesis.

🟠FEATURES
This screener organizes a vast amount of data into a simple, color-coded table. Here is a breakdown of each column and the values you can expect to see:

• Asset: Displays the ticker symbol for the asset being analyzed.
  
  
• Market Structure: Shows the dominant trend based on swing highs and lows.
  Bull: The asset is in a structural uptrend (making higher highs and higher lows).
  Bear: The asset is in a structural downtrend (making lower highs and lower lows).
  Detecting: The trend is neutral or a clear structure has not yet been established.
  
• Structure Event: Flags the most recent significant market structure event.
  Bull CHoCH: A bullish Change of Character, signaling a potential shift from a downtrend to an uptrend.
  Bear CHoCH: A bearish Change of Character, signaling a potential shift from an uptrend to a downtrend.
  Bull BOS: A bullish Break of Structure, confirming the continuation of an uptrend.
  Bear BOS: A bearish Break of Structure, confirming the continuation of a downtrend.
  –: No significant event has occurred recently.
  
• Latest Swing Label: Identifies the most recently confirmed swing point.
  HH: Higher High.
  HL: Higher Low.
  LH: Lower High.
  LL: Lower Low.
  –: No new swing point has been confirmed.
  
• Liquidity Bias: Measures the net direction of liquidity and its relative strength.
  ▲ [Value]: A bullish liquidity bias, where the number indicates the strength.
  ▼ [Value]: A bearish liquidity bias, where the number indicates the strength.
  Balanced: Liquidity is relatively balanced between buyers and sellers.
  
• Liquidity Event: Indicates recent interactions with key liquidity zones.
  New▲: A new bullish liquidity zone has just formed.
  New▼: A new bearish liquidity zone has just formed.
  Mit▲: Price has just tested (mitigated) a key bullish liquidity zone.
  Mit▼: Price has just tested (mitigated) a key bearish liquidity zone.
  –: No recent interaction.
  
• Trend Line: Displays the status of automatically drawn trend lines.
  Break▲: Price has broken above a key bearish trend line.
  Break▼: Price has broken below a key bullish trend line.
  Bull TL: Price is respecting an active bullish trend line.
  Bear TL: Price is respecting an active bearish trend line.
  –: No significant trend line is currently active.
  
• FOMO: Detects sentiment-driven price moves of varying intensity.
  
  • Big▲/Med▲/Small▲: A bullish FOMO bubble has been detected (large, medium, or small).
    
  • Big▼/Med▼/Small▼: A bearish FOMO bubble has been detected (large, medium, or small).
    
  • –: No FOMO activity detected.
    

🟠USAGE
The primary way to use this screener is to quickly scan your watchlist for assets that exhibit a confluence of bullish or bearish signals, which can significantly improve the probability of a trade.

1. Setup and Configuration:

• Add the screener to your chart.
  
• Open the settings and populate the "Watchlist" section with the symbols you want to track.
  
• Fine-tune the input settings for each component (Market Structure, Liquidity, etc.) to match your preferred trading style. These settings will apply to all symbols in the table.
  

2. Interpreting the Columns for Trading Decisions:

• Market Structure Columns: Use the first three structure columns to define your trading bias. For a high-probability long setup, you would look for an asset with a "Bull" structure, a recent "Bull BOS" event, and a "HL" as the latest swing point. This confirms the uptrend is healthy and ongoing.
  
• Liquidity Columns: These are crucial for identifying key price levels. A strong "Liquidity Bias" can confirm your directional bias. A "Mit▲" (mitigation) event at a support level can be a powerful entry trigger, as it shows that institutional buy orders are defending that zone.
  
• Trend Line Column: This is ideal for breakout traders. A "Break▲" signal can serve as an excellent entry confirmation, especially if the overall "Market Structure" is already "Bull".
  
• FOMO Column: This column is best used for identifying potential exhaustion points. For instance, if you are in a long trade and a "Big▲" FOMO signal appears after a strong rally, it could be a sign that the move is overextended and it's a good time to consider taking profits.