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Order Blocks v2Order Blocks v2 – Smart OB Detection with Time & FVG Filters Order Blocks v2 is an advanced tool designed to identify potential institutional footprints in the market by dynamically plotting bullish and bearish order blocks. This indicator refines classic OB logic by combining: Fractal-based break conditions Time-level filtering (Power of 3) Optional Fair Value Gap (FVG) confirmation Real-time plotting and auto-invalidation Perfect for traders using ICT, Smart Money, or algorithmic timing models like Hopplipka. 🧠 What the indicator does Detects order blocks after break of bullish/bearish fractals Supports 3-bar or 5-bar fractal structures Allows OB detection based on close breaks or high/low breaks Optionally confirms OBs only if followed by a Fair Value Gap within N candles Filters OBs based on specific time levels (3, 7, 11, 14) — core anchors in many algorithmic models Automatically deletes invalidated OBs once price closes through the zone ⚙️ How it works The indicator: Tracks local fractal highs/lows Once a fractal is broken by price, it backtracks to identify the best OB candle (highest bullish or lowest bearish) Validates the level by checking: OB type logic (close or HL break) Time stamp match with algorithmic time anchors (e.g. 3, 7, 11, 14 – known from the Power of 3 concept) Optional FVG confirmation after OB Plots OB zones as lines (body or wick-based) and removes them if invalidated by a candle close This ensures traders see only valid, active levels — removing noise from broken or out-of-context zones. 🔧 Customization Choose 3-bar or 5-bar fractals OB detection type: close break or HL break Enable/disable OBs only on times 3, 7, 11, 14 (Hopplipka style) Optional: require nearby FVG for validation Line style: solid, dashed, or dotted Adjust OB length, width, color, and use body or wick for OB height 🚀 How to use it Add the script to your chart Choose your preferred OB detection mode and filters Use plotted OB zones to: Anticipate price rejections and reversals Validate Smart Money or ICT-based entry zones Align setups with algorithmic time sequences (3, 7, 11, 14) Filter out invalid OBs automatically, keeping your chart clean The tool is useful on any timeframe but performs best when combined with a liquidity-based or time-anchored trading model. 💡 What makes it original Combines fractal logic with OB confirmation and time anchors Implements time-based filtering inspired by Hopplipka’s interpretation of the "Power of 3" Allows OB validation via optional FVG follow-up — rarely available in public indicators Auto-cleans invalidated OBs to reduce clutter Designed to reflect market structure logic used by institutions and algorithms 💬 Why it’s worth using Order Blocks v2 simplifies one of the most nuanced parts of SMC: identifying clean and high-probability OBs. It removes subjectivity, adds clear timing logic, and integrates optional confluence tools — like FVG. For traders serious about algorithmic-level structure and clean setups, this tool delivers both logic and clarity. ⚠️ Important This indicator: Is not a signal generator or financial advice tool Is intended for experienced traders using OB/SMC/time-based logic Does not predict market direction — it provides visual structural levels only
Pine Script® göstergesi
theunlockedtrading tarafından
3
Gold DynamicThis is a custom-made TradingView indicator designed to visualize "sequential price levels" based on a user-defined step value, dynamically centered around the current gold price. It draws horizontal lines at multiples of a chosen step value (e.g., 7) both above and below the current price. Key Features: Dynamic Price Levels: Lines are calculated relative to the live price, providing relevant support/resistance or structural levels for the current market context. Customizable Step Value: Easily adjust the Sequence Step Value (e.g., 7, 10, 14) from the indicator settings to align with your trading theory. Adjustable Line Count: Control the Number of Lines ABOVE Current Price and Number of Lines BELOW Current Price to show as many or as few levels as desired. Extended Lines: Horizontal lines extend indefinitely to both the left (historical data) and right (future projection) for comprehensive visualization. Clear Price Labels: Each line displays its exact price value, positioned at the far right of the chart for quick reference. Customizable Appearance: Modify line color, width, and style (solid, dotted, dashed) to suit your charting preferences. Exact Values: All displayed price labels are rounded to whole numbers for clear, precise visualization without decimal values. This indicator is ideal for traders looking to apply a fixed-step price theory to their gold analysis.
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pipsmix0 tarafından
PriceLevels GBGoldbach Price Levels – Identify Algorithmic Key Zones This open-source indicator is designed to help traders identify potential algorithmic key zones by highlighting price levels ending with specific numbers such as 03, 11, 29, 35, 65, and 71. These levels may act as inflection points or hesitation areas based on observed behavioral patterns in price movement. What It Does: 📌 Scans and plots horizontal price levels where the price ends with one of the selected number combinations 🎯 Toggle on/off visibility for each number ending 🎨 Customize color and thickness for each level 🏷️ Shows price labels at the end of each line 🌗 Label styles (color/transparency) are adjustable for both dark and light chart themes 🧠 Why Use It: This tool is ideal for discretionary traders who study market structure through static price anchors. It provides a visual reference for recurring numerical levels that may be used in algorithmic trading models or serve as psychological price zones. ⚠️ Disclaimer: This script is open-source and intended for educational and analytical purposes only. No trading signals or performance guarantees are provided. Please use your own judgment when applying this tool in a trading context.
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theunlockedtrading tarafından
6
Trend Persistence Counter (TPC) by riskcipher🧭 Trend Persistence Counter (TPC) – A Simple Price Action Trend Duration Tool Trend Persistence Counter (TPC) is a lightweight indicator that counts how long a trend persists after a breakout. It is entirely based on price action, without using any moving averages or smoothing. The goal is to give a simple, rule-based view of trend continuity. 🧠 How It Works (Logic Overview) This indicator switches between two modes: bullish and bearish. If close > previous high, the counter enters bullish mode, and starts at +1 While in bullish mode: If close >= previous low → continue the uptrend → +1 each bar If close < previous low → trend ends → reset to 0, switch to bearish mode If close < previous low, the counter enters bearish mode, and starts at -1 While in bearish mode: If close <= previous high → continue the downtrend → -1 each bar If close > previous high → trend ends → reset to 0, switch to bullish mode This provides a bar-by-bar count of trend persistence based on whether price holds structure. 🎯 Use Cases Track how long a trend continues after a breakout Quickly detect when trend structure breaks Help visually filter “strong” vs “weak” moves Build logic-based alerts (e.g., trend continues for N bars) 🔍 Why Use This Instead of Traditional Indicators? This is not meant to replace moving averages or trend filters. But it offers some advantages for those who prefer structure-based logic: Feature TPC Based on Price Action ✅ Yes Uses Lagging Filters ❌ No moving average or smoothing Trend Duration Measurement ✅ Counts valid consecutive moves Complexity ⚪ Very simple and transparent It’s a simple concept and easy to understand, but still useful when combined with other tools or visualized on its own. ⚙️ Technical Notes Works on any timeframe or instrument The value is positive during bullish persistence, negative during bearish Value resets to 0 when trend structure breaks All logic is calculated bar-by-bar, in real time ✅ Example Usage Ideas Highlight candles when TPC value crosses a certain threshold (e.g., strong breakout continuation) Use the zero-cross as a potential reversal warning Filter trend signals in your existing strategies
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RiskCipher tarafından
CISD Levels by HAZEDCISD Levels by HAZED - Advanced Market Structure Analysis 📊 Overview The CISD Levels indicator is a sophisticated market structure analysis tool that automatically identifies and plots critical support and resistance levels based on Change in State Direction (CISD) methodology. This indicator helps traders visualize key market turning points and potential breakout/breakdown levels with precision. 🎯 What are CISD Levels? CISD (Change in State Direction) levels represent significant price points where market sentiment shifts from bullish to bearish or vice versa. These levels are dynamically calculated based on: Market structure breaks (higher highs/lower lows) Pullback patterns and trend continuations Real-time price action analysis Dynamic level updates as market conditions evolve ✨ Key Features 🔥 Smart Level Detection Automatically identifies bullish (+CISD) and bearish (-CISD) levels Real-time updates as market structure evolves Intelligent pullback detection algorithm 🎨 Full Customization Colors: Customize bullish/bearish level colors Line Styles: Choose from solid, dotted, or dashed lines Text Labels: Fully customizable text, size, and font options Transparency: Adjustable line transparency (0-100%) Extensions: Control how far lines extend into the future 📈 Historical Analysis Show All Levels: Option to display historical CISD levels Max Levels Control: Limit the number of historical levels shown (1-50) Level Management: Automatic cleanup of old levels 🚨 Smart Alerts Bullish Alerts: Get notified when price breaks above +CISD levels Bearish Alerts: Get notified when price breaks below -CISD levels Alert Frequency: Choose between "Once Per Bar" or "Once Per Bar Close" 📊 Statistics Table Market State: Current bullish/bearish market condition Active Levels: Count of currently active CISD levels Latest Levels: Display of most recent +CISD and -CISD values Positioning: 5 different table positions available 🛠️ How to Use For Swing Traders: Use CISD levels as key support/resistance zones Enter positions on level breaks with proper risk management Set stop losses below/above opposite CISD levels For Day Traders: Watch for price reactions at CISD levels Use levels for entry/exit timing Combine with volume analysis for confirmation For Position Traders: Identify major market structure changes Use higher timeframe CISD levels for strategic entries Monitor level breaks for trend continuation signals ⚙️ Settings Guide CISD Level Settings Bullish/Bearish Colors: Customize level appearance Custom Text: Add your own labels to levels Alert Setup: Enable notifications for level breaks Historical Levels: Choose to show past levels for context Appearance Customization Line Width: 1-5 pixel thickness options Line Style: Solid, dotted, or dashed Extension Bars: Control future projection (1-50 bars) Text Options: Size, font, and bold formatting Statistics Table Enable/Disable: Toggle table visibility Position: 5 placement options on chart Real-time Data: Live market state and level information 🎯 Best Practices Multi-Timeframe Analysis: Use CISD levels across different timeframes for confluence Risk Management: Always use proper position sizing and stop losses Confirmation: Combine with volume, momentum, or other indicators Market Context: Consider overall market conditions and news events Backtesting: Test the levels on historical data before live trading 📋 Technical Specifications Overlay: True (plots directly on price chart) Max Lines: 500 (handles multiple historical levels) Max Labels: 500 (supports extensive labeling) Real-time Updates: Dynamic level calculation and alerts Performance: Optimized code for smooth chart operation 🚀 Why Choose CISD Levels? Precision: Advanced algorithm for accurate level identification Flexibility: Extensive customization options for any trading style Reliability: Proven market structure analysis methodology User-Friendly: Intuitive settings with helpful tooltips Professional: Clean, professional appearance on any chart 📞 Support & Updates This indicator is actively maintained and updated. For questions, suggestions, or feature requests, feel free to reach out through TradingView messaging. ⚠️ Disclaimer: This indicator is for educational and informational purposes only. Always conduct your own analysis and risk management. Past performance does not guarantee future results.
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hazedoptions tarafından
4
Swing High Low Detector by RV5📄 Description The Swing High Low Detector is a visual indicator that automatically detects and displays swing highs and swing lows on the chart. Swings are determined based on configurable strength parameters (number of bars before and after a high/low), allowing users to fine-tune the sensitivity of the swing points. 🔹 Current swing levels are shown as solid (or user-defined) lines that dynamically extend until broken. 🔹 Past swing levels are preserved as dashed/dotted lines once broken, allowing traders to see previous support/resistance zones. 🔹 Customizable line colors, styles, and thickness for both current and past levels. This indicator is useful for: Identifying key market structure turning points Building breakout strategies Spotting trend reversals and swing zones ⚙️ How to Use 1. Add the indicator to any chart on any timeframe. 2. Adjust the Swing Strength inputs to change how sensitive the detector is: A higher value will filter out smaller moves. A lower value will capture more frequent swing points. 3. Customize the line styles for visual preference. Choose different colors, line styles (solid/dashed/dotted), and thickness for: Current Swing Highs (SH) Past Swing Highs Current Swing Lows (SL) Past Swing Lows 4. Observe: As new swing highs/lows are detected, the indicator draws a new current level. Once price breaks that level, the line is archived as a past level and a new current swing is drawn. ✅ Features Fully customizable styling for all lines Real-time updates and automatic level tracking Supports all chart types and instruments 👨‍💻 Credits Script logic and implementation by RV5. This script was developed as a tool to improve price action visualization and trading structure clarity. Not affiliated with any financial institution. Use responsibly.
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R_V5 tarafından
8
PinBar Finder | @CRYPTOKAZANCEVPinBar Finder | @CRYPTOKAZANCEV This script helps traders identify high-probability reversal points based on price action, specifically Pin Bars — a well-known candlestick pattern used in technical analysis. What does the indicator do? It detects bullish and bearish Pin Bars using a custom method for wick-to-body ratio and filters based on historical volatility (pseudo-ATR). A label appears on the chart with detailed info on wick and body size when a valid signal is found. How does it work? - The indicator calculates a pseudo-ATR based on the percentage range of the last 1000 candles. - It then multiplies this value by a user-defined factor (default: 1.1) to set a dynamic threshold for wick size. - Bullish Pin Bars are detected when the lower wick is at least 1.1 times the body and greater than the dynamic ATR. - Bearish Pin Bars are detected when the upper wick meets similar conditions. - Signals are shown using chart labels with exact wick/body percentages. - Alerts are included for automation or integration with trading bots. How to use it? - Add the indicator to any timeframe and asset. - Use the alerts to notify you when a Pin Bar appears. - Ideal for traders who use candlestick reversal strategies or combine price action with other confluence tools. - You can adjust the wick length multiplier to fit the volatility of the instrument. What makes it original? Unlike many public scripts that use fixed ratios, this script adapts wick length detection based on recent volatility (pseudo-ATR logic). This makes it more dynamic and suitable for different markets and timeframes. Developed by: @ZeeZeeMon Original author name on chart: @CRYPTOKAZANCEV This script is open-source and educational. Use at your own discretion. PinBar Finder | @CRYPTOKAZANCEV Этот скрипт помогает трейдерам находить точки потенциального разворота на основе прайс-экшена, а именно — свечного паттерна «Пин-бар». Индикатор автоматически определяет бычьи и медвежьи пин-бары с учетом адаптивных параметров волатильности. Что делает индикатор? Скрипт ищет свечи, у которых тень в несколько раз превышает тело (пин-бары), и отображает на графике точную информацию о длине тела и тени. Это полезно для трейдеров, использующих свечные сигналы на разворот. Как работает? - Рассчитывается псевдо-ATR по 1000 последним свечам на основе процентного диапазона high-low. - Этот ATR умножается на заданный множитель (по умолчанию: 1.1), чтобы динамически задать минимальную длину тени. - Бычий пин-бар определяется, когда нижняя тень больше тела в 1.1 раза и превышает ATR. - Медвежий пин-бар — аналогично, но для верхней тени. - Индикатор отображает лейблы с точными значениями тела и тени. - Реализованы условия для оповещений (alerts). Как использовать? - Добавьте индикатор на нужный график и таймфрейм. - Настройте alerts, чтобы не пропустить сигналы. - Особенно полезен для трейдеров, работающих со свечным анализом, стратегиями разворота, а также в сочетании с другими индикаторами. В чем оригинальность? В отличие от многих скриптов, использующих фиксированные параметры, здесь используется динамический расчет длины тени на основе волатильности. Это делает скрипт адаптивным к рынку и таймфрейму. Разработчик: @ZeeZeeMon Оригинальное имя автора на графике: @CRYPTOKAZANCEV Скрипт является открытым и предназначен для образовательных целей. Используйте на своё усмотрение.
Pine Script® göstergesi
cryptokazancev tarafından
1
Multi-Timeframe High/Low MarkerDescription This indicator displays the previous period's high and low price levels from up to three different timeframes simultaneously. Lines extend from the previous period through the current period, providing clear visual reference points for key price levels across multiple time horizons. Utility Identify price ranges and key levels from multiple periods.Reduce chart switching by displaying multiple ranges on a single chart. Function Track up to 3 different timeframes simultaneously (default: 1H, 4H, Daily) Customize each timeframe's high and low line colors, width, and style (solid/dashed/dotted) Optional current period opening price display for each timeframe Smart overlap detection prevents duplicate lines when multiple timeframes share the same price level Each timeframe can be individually enabled or disabled All visual elements fully customizable through indicator settings
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SpinTrades tarafından
4
Live Inside Bar ColoringDescription This script colors the current bar if it is inside the prior bar's high and low. Inside is defined as ≤ the high, and ≥ the low of the prior bar. Utility This gives a quick visual indication if the current bar is inside. This can indicate a choppier market. By definition, an inside bar is consolidating and not trending. Function Colors distinguish if the current price is above the opening price of the inside bar on a given timeframe. If you do not want to distinguish this, you can set both colors the same.
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SpinTrades tarafından
HTF High/Low Targets This script plots the previous Highs and Lows of the 1HR, 4HR, Daily, and Weekly timeframes. Each level is color-coded, extends across the chart, and includes labels to help you spot key areas of past support and resistance. Use this tool to: - Confirm intraday price reactions at HTF zones - Identify high-probability reversal or breakout areas - Get notified with built-in alerts when price crosses a level You can toggle each timeframe level on/off in the settings panel. Great for: - Day traders and scalpers who trade off 1-minute or 5-minute charts -Swing traders looking for confluence with HTF zones - Anyone using a multi-timeframe analysis approach Created by @mychaellesliemedia.
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mychaellesliemedia tarafından
Auto Price Action SR Levels by Chaitu50cAuto Price Action SR Levels by Chaitu50c: This is a session-based support and resistance indicator that identifies price levels based on actual candle activity, without relying on traditional indicators. It works by clustering open, high, low, or close values of past candles that frequently occur within a defined price range, making it a reliable price action-based tool for intraday traders. The indicator calculates these levels at the start of each new trading session (based on NSE 09:15 time) and keeps them static throughout the session. This avoids unnecessary noise or flickering due to live price action, giving traders consistent zones to work with during the day. FEATURES: * Automatic detection of support and resistance levels based on candle price hits * Cluster formation using high/low or open/close logic * Static levels: calculated once per session and remain unchanged until the next session * Adjustable settings for: * Cluster range (in points) * Number of lookback candles * Line width * Line color (default: black) * Minimalist design for a clean chart experience HOW IT WORKS: The indicator looks back over a defined number of candles at the beginning of each session. It clusters prices that fall within a specified range (e.g., 250 points) and counts how many times they appear as open, high, low, or close values. If a price level is hit at least once (default), it is considered significant and a line is plotted. Because clustering is done once per session, the lines do not shift during the session. This allows traders to base decisions on fixed, stable levels formed by prior market structure. RECOMMENDED FOR: * Intraday traders * Price action traders * Traders who prefer clean charts with logical SR zones * Nifty, BankNifty, and stock-based day trading Created by Chaitu50c for traders who rely on logic and structure, not signals. Disclaimer: This indicator is intended for educational and informational purposes only. It does not constitute financial advice or trading recommendations. Use at your own discretion and always manage risk responsibly. --- Let me know if you’d like to include use-case examples or screenshots before publishing.
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chaitu50c tarafından
4
Silver Bullet 5 minutes Box - By KaVeHThis indicator plots high-low range boxes based on selected intraday time windows on the 5-minute chart. It's inspired by the "Silver Bullet" trading concept, highlighting key liquidity grabs and volatility pockets at predefined times. It helps traders visually identify potential smart money trading windows during the New York session and other time anchors. ⚠️ This script only works on the 5-minute chart. 📦 Main Features: ⏰ Customizable Time Boxes: Define up to 4 separate time windows per day: 3:00 AM – 3:05 AM (New York time) (Box 1) 10:00 AM – 10:05 AM (New York time) (Box 2) 2:00 PM – 2:05 PM (New York time) (Box 3) 8:00 PM – 8:05 PM (New York time) (Box 4) 🎨 Color and Visibility Control: Each box can be independently toggled and colored for visual distinction. 🕔 New York Time Based: All timestamps are automatically adjusted to New York Time, aligning with institutional market behavior. 📉 Post-Box Projection: After each time window closes, a box extends forward 6 hours (72 bars on a 5-minute chart) to highlight the range. 💡 Use Case: These boxes are best used to: Detect liquidity sweeps. Mark potential entry or exit zones. Track price behavior after specific time-based events. For example, the 10 AM box is often used to identify setups just after the NYSE open and into the first hour of volatility. ⚠️ TradingView Compliance Notes: This script is original and does not replicate or resell premium/paid indicators. All logic is coded from scratch by kaveh_mirmousavi, using public concepts from ICT/Smart Money Trading. Fully complies with the Mozilla Public License 2.0. Does not include financial advice or signals — for educational use only. ✅ How to Use: Apply to a 5-minute chart. Adjust the desired time boxes in the input panel. Watch for price action within and after the boxes. Enjoy and feel free to share feedback or ideas for improvement!
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UnknownUnicorn3205499 tarafından
GapCluster SR For Intraday by Chaitu50c**GapCluster SR For Intraday by Chaitu50c** **Overview** GapCluster SR plots dynamic intraday support and resistance lines based on candle-to-candle gaps. Whenever an Open/Close or High/Low gap is detected, the script draws a horizontal level and “clusters” nearby gaps into a single line to keep your chart clean. Lines automatically color-code relative to price—green when below, red when above. --- **Key Features** * **Gap Detection Modes**: Choose between Open/Close gaps (default) or High/Low gaps. * **Clustering**: Merge levels within a user-defined vertical range to avoid clutter. * **Dynamic Coloring**: Levels below price turn green; levels above price turn red. * **Session Reset**: Automatically removes levels older than X days. * **Fully Customizable**: Adjust buffer, cluster range, line width, lookback period, and both above/below colors. --- **Inputs** | Input | Default | Description | | ---------------------------- | :--------: | ------------------------------------------- | | Gap Type | Open/Close | Select gap detection method | | Price Buffer (points) | 5.0 | Maximum distance for gap matching | | Cluster Range (points) | 100.0 | Vertical distance within which levels merge | | Line Width | 2 | Thickness of plotted lines | | Days to Include | 14 | Number of days to retain past levels | | Color for Levels Above Price | red | Line color when level > current price | | Color for Levels Below Price | green | Line color when level < current price | --- **How to Use** 1. **Add to Chart**: Apply on any intraday timeframe (1 min, 5 min, etc.). 2. **Select Mode**: Pick Open/Close or High/Low in settings. 3. **Tweak Inputs**: Raise/lower buffer for tighter/looser gap detection; adjust cluster range to group levels; change lookback (“Days to Include”) to control session reset. 4. **Interpret Levels**: * **Green Lines** mark potential support zones. * **Red Lines** mark potential resistance zones. 5. **Combine with Your Strategy**: Use alongside volume, momentum, or trend filters for confirmation. --- **Tips & Tricks** * **Intraday Entries**: Look for price reaction at green (support) lines for long setups, or red (resistance) lines for shorts. * **Filter Noise**: Increase the “Cluster Range” to consolidate many close levels into stronger, singular lines. --- **Disclaimer** This indicator is provided “as-is” for educational purposes only. Always backtest any setup and practice proper risk management.
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chaitu50c tarafından
Balanced Price Range | Flux Charts💎 GENERAL OVERVIEW Introducing our new Balanced Price Range (BPR) indicator! A Balanced Price Range is a trading concept used by price action traders. It is detected by finding overlapping area between two contrary Fair Value Gaps (FVGs). These areas can be used as entry points during market pullbacks. For more information about the process, please check the "HOW DOES IT WORK ?" section. Balanced Price Range Features : Balanced Price Range Detection : Identifies areas where bullish and bearish FVGs overlap, suggesting a zone of price equilibrium. Customizable FVG & BPR Detection : You can fine-tune FVG detection and sensitivity for BPR detection to your liking. Retest Labels : Bullish & Bearish retest labels will be rendered for BPRs. Alerts : You can set alerts for Bullish & Bearish BPR detection and their retests. 🚩 UNIQUENESS This indicator doesn't just detect standard FVGs but specifically looks for areas where bullish and bearish IFVGs (Invalidated Fair Value Gaps) overlap, defining a Balanced Price Range. It also actively manages and updates identified BPR zones, removing them when they are invalidated or remain untouched for a specified period. It highlights and alerts users to retests of established BPR zones, signaling potential trading opportunities. Users can tailor the appearance of the BPR zones and retest markers, as well as configure specific alerts for new BPR formations and retests. 📌 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. The indicator first detects bullish & bearish FVG zones according to their formations on chart. Then, they are dynamically tracked and flagged as invalidated if the price crosses them, turning them into IFVGs. When a FVG & IFVG of the same type overlaps, the indicator combines them into a single BPR of corresponding type. The detected BPR is updated as new data comes in, and renders retests labels as they occur. A bullish BPR can be used to find long trade entry opportunities, while a bearish BPR can be used to find short trade entry opportunities. Retests can also indicate potential movements in the corresponding direction of the BPR. Users can set-up alerts for BPR detection & BPR retests and will get notified as they occur. ⚙️ SETTINGS Show Historic Zones: If enabled, invalidated or expired BPR zones will remain visible on the chart. Balanced Price Range: FVG Detection Method: Determines the criteria for the bar types forming the initial FVG. Same: All three bars forming the FVG must be of the same type (all bullish or all bearish). Mixed: The bar types must vary (a mix of bullish and bearish bars). All: Bar types can vary or be the same. FVG Invalidation Method: Determines which part of the candle (wick or close) invalidates the initial FVG. BPR Invalidation Method: Determines which part of the candle (wick or close) invalidates the Balanced Price Range. Sensitivity: Adjusts the sensitivity of FVG detection. Higher values may identify fewer, larger BPRs, while lower values may detect more, smaller BPRs. Labels: Toggles the display of text labels on the identified zones. Retests: Enables or disables the detection and visualization of BPR retests.
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fluxchart tarafından
8
Multi-Indicator Swing [TIAMATCRYPTO]v6# Strategy Description: ## Multi-Indicator Swing This strategy is designed for swing trading across various markets by combining multiple technical indicators to identify high-probability trading opportunities. The system focuses on trend strength confirmation and volume analysis to generate precise entry and exit signals. ### Core Components: - **Supertrend Indicator**: Acts as the primary trend direction filter with optimized settings (Factor: 3.0, ATR Period: 10) to balance responsiveness and reliability. - **ADX (Average Directional Index)**: Confirms the strength of the prevailing trend, filtering out sideways or choppy market conditions where the strategy avoids taking positions. - **Liquidity Delta**: A volume-based indicator that analyzes buying and selling pressure imbalances to validate trend direction and potential reversals. - **PSAR (Optional)**: Can be enabled to add additional confirmation for trend changes, turned off by default to reduce signal filtering. ### Key Features: - **Flexible Direction Trading**: Choose between long-only, short-only, or bidirectional trading to adapt to market conditions or account restrictions. - **Conservative Risk Management**: Implements fixed percentage-based stop losses (default 2%) and take profits (default 4%) for a positive risk-reward ratio. - **Realistic Backtesting Parameters**: Includes commission (0.1%) and slippage (2 points) to reflect real-world trading conditions. - **Visual Signals**: Clear buy/sell arrows with customizable sizes for easy identification on the chart. - **Information Panel**: Dynamic display showing active indicators and current risk settings. ### Best Used On: Daily timeframes for cryptocurrencies, forex, or stock indices. The strategy performs optimally on assets with clear trending behavior and sufficient volatility. ### Default Settings: Optimized for conservative position sizing (5% of equity per trade) with an initial capital of $10,000. The backtesting period (2021-2023) provides a statistically significant sample of varied market conditions.
Pine Script® stratejisi
TiamatCrypto tarafından
Dealing rangeHi all! This indicator will show you the current dealing range. The concept of dealing range comes from the inner circle trader (ICT) and gives you a range between an established swing high and an established swing low (the length of these pivots can be changed in settings parameter Length and defaults to 5/2 (left/right)). These swing points must have taken out liquidity to be considered "established". The liquidity that must be grabbed by the swing point has to be a pivot of left length of 1 and a right length of 1. The dealing range that's created should be used in conjunction with market structure. This could be done through scripts (maybe the Market structure script that I published ()) or manually. It's a common approach to look for long opportunities when the trend is bullish and price is currently in the discount zone of the dealing range. If the trend is bearish then short opportunities are presented when the price is currently in the premium zone of the dealing range. The zones within the dealing range are premium and discount that are split on the 50% level of the dealing range. These zones can be split into 3 zone with a Fair price (also called Fair value ) zone in between premium and discount. This makes the premium zone to be in the upper third of the dealing range, fair price in the middle third and discount in the lower third. This can be enabled in the settings through the Fair price parameter. Enabled: You can choose to enable/disable the visualisation of liquidity grabs and the External liquidity available above and below the swing points that created the dealing range. Enabled: Disabled: Enabled on a higher timeframe (will display a box of the liquidity grab price instead of a label): This dealing range is configurable to be created by a higher timeframe then the visible charts. Use the setting Higher timeframe to change this. You can force candles to be closed (for liquidity and swing points). Please note that if you use a higher timeframe then the visible charts the candles must be closed on this timeframe. Lastly you can also change the transparency of liquidity grabs and external liquidity outside of the dealing range. Use the Transparency setting to change this (a lower value will lead to stronger visuals). If you have any input or suggestions on future features or bugs, don't hesitate to let me know! Best of trading luck!
Pine Script® göstergesi
mickes tarafından
6
Entropy Chart Analysis [PhenLabs]📊 Entropy Chart analysis - Version: PineScript™ v6 📌 Description The Entropy Chart indicator analysis applies Approximate Entropy (ApEn) to identify zones of potential support and resistance on your price chart. It is designed to locate changes in the market’s predictability, with a focus on zones near significant psychological price levels (e.g., multiples of 50). By quantifying entropy, the indicator aims to identify zones where price action might stabilize (potential support) or become randomized (potential resistance). This tool automates the visualization of these key areas for traders, which may have the effect of revealing reversal levels or consolidation zones that would be hard to discern through traditional means. It also filters the signals by proximity to key levels in an attempt to reduce noise and highlight higher-probability setups. These dynamic zones adapt to changing market conditions by stretching, merging, and expiring based on user-inputted rules. 🚀 Points of Innovation Combines Approximate Entropy (ApEn) calculation with price action near significant levels. Filters zone signals based on proximity (in ticks) to predefined significant price levels (multiples of 50). Dynamically merges overlapping or nearby zones to consolidate signals and reduce chart clutter. Uses ApEn crossovers relative to its moving average as the core trigger mechanism. Provides distinct visual coloring for bullish, bearish, and merged (mixed-signal) zones. Offers comprehensive customization for entropy calculation, zone sensitivity, level filtering, and visual appearance. 🔧 Core Components Approximate Entropy (ApEn) Calculation : Measures the regularity or randomness of price fluctuations over a specified window. Low ApEn suggests predictability, while high ApEn suggests randomness. Zone Trigger Logic : Creates potential support zones when ApEn crosses below its average (indicating increasing predictability) and potential resistance zones when it crosses above (indicating increasing randomness). Significant Level Filter : Validates zone triggers only if they occur within a user-defined tick distance from significant price levels (multiples of 50). Dynamic Zone Management : Automatically creates, extends, merges nearby zones based on tick distance, and removes the oldest zones to maintain a maximum limit. Zone Visualization : Draws and updates colored boxes on the chart to represent active support, resistance, or mixed zones. 🔥 Key Features Entropy-Based S/R Detection : Uses ApEn to identify potential support (low entropy) and resistance (high entropy) areas. Significant Level Filtering : Enhances signal quality by focusing on entropy changes near key psychological price points. Automatic Zone Drawing & Merging : Visualizes zones dynamically, merging close signals for clearer interpretation. Highly Customizable : Allows traders to adjust parameters for ApEn calculation, zone detection thresholds, level filter sensitivity, merging distance, and visual styles. Integrated Alerts : Provides built-in alert conditions for the formation of new bullish or bearish zones near significant levels. Clear Visual Output : Uses distinct, customizable colors for buy (support), sell (resistance), and mixed (merged) zones. 🎨 Visualization Buy Zones : Represented by greenish boxes (default: #26a69a), indicating potential support areas formed during low entropy periods near significant levels. Sell Zones : Represented by reddish boxes (default: #ef5350), indicating potential resistance areas formed during high entropy periods near significant levels. Mixed Zones : Represented by bluish/purple boxes (default: #8894ff), formed when a buy zone and a sell zone merge, indicating areas of potential consolidation or conflict. Dynamic Extension : Active zones are automatically extended to the right with each new bar. 📖 Usage Guidelines Calculation Parameters Window Length Default: 15 Range: 10-100 Description: Lookback period for ApEn calculation. Shorter lengths are more responsive; longer lengths are smoother. Embedding Dimension (m) Default: 2 Range: 1-6 Description: Length of patterns compared in ApEn calculation. Higher values detect more complex patterns but require more data. Tolerance (r) Default: 0.5 Range: 0.1-1.0 (step 0.1) Description: Sensitivity factor for pattern matching (as a multiple of standard deviation). Lower values require closer matches (more sensitive). Zone Settings Zone Lookback Default: 5 Range: 5-50 Description: Lookback period for the moving average of ApEn used in threshold calculations. Zone Threshold Default: 0.5 Range: 0.5-3.0 Description: Multiplier for the ApEn average to set crossover trigger levels. Higher values require larger ApEn deviations to create zones. Maximum Zones Default: 5 Range: 1-10 Description: Maximum number of active zones displayed. The oldest zones are removed first when the limit is reached. Zone Merge Distance (Ticks) Default: 5 Range: 1-50 Description: Maximum distance in ticks for two separate zones to be merged into one. Level Filter Settings Tick Size Default: 0.25 Description: The minimum price increment for the asset. Must be set correctly for the specific instrument to ensure accurate level filtering. Max Ticks Distance from Levels Default: 40 Description: Maximum allowed distance (in ticks) from a significant level (multiple of 50) for a zone trigger to be valid. Visual Settings Buy Zone Color : Default: color.new(#26a69a, 83). Sets the fill color for support zones. Sell Zone Color : Default: color.new(#ef5350, 83). Sets the fill color for resistance zones. Mixed Zone Color : Default: color.new(#8894ff, 83). Sets the fill color for merged zones. Buy Border Color : Default: #26a69a. Sets the border color for support zones. Sell Border Color : Default: #ef5350. Sets the border color for resistance zones. Mixed Border Color : Default: color.new(#a288ff, 50). Sets the border color for mixed zones. Border Width : Default: 1, Range: 1-3. Sets the thickness of zone borders. ✅ Best Use Cases Identifying potential support/resistance near significant psychological price levels (e.g., $50, $100 increments). Detecting potential market turning points or consolidation zones based on shifts in price predictability. Filtering entries or exits by confirming signals occurring near significant levels identified by the indicator. Adding context to other technical analysis approaches by highlighting entropy-derived zones. ⚠️ Limitations Parameter Dependency : Indicator performance is sensitive to parameter settings ( Window Length , Tolerance , Zone Threshold , Max Ticks Distance ), which may need optimization for different assets and timeframes. Volatility Sensitivity : High market volatility or erratic price action can affect ApEn calculations and potentially lead to less reliable zone signals. Fixed Level Filter : The significant level filter is based on multiples of 50. While common, this may not capture all relevant levels for every asset or market condition. Accurate Tick Size input is essential. Not Standalone : Should be used in conjunction with other analysis methods (price action, volume, other indicators) for confirmation, not as a sole basis for trading decisions. 💡 What Makes This Unique Entropy + Level Context : Uniquely combines ApEn analysis with a specific filter for proximity to significant price levels (multiples of 50), adding locational context to entropy signals. Intelligent Zone Merging : Automatically consolidates nearby buy/sell zones based on tick distance, simplifying visual analysis and highlighting stronger confluence areas. Targeted Signal Generation : Focuses alerts and zone creation on specific market conditions (entropy shifts near key levels). 🔬 How It Works Calculate Entropy : The script computes the Approximate Entropy (ApEn) of the closing prices over the defined Window Length to quantify price predictability. Check Triggers : It monitors ApEn relative to its moving average. A crossunder below a calculated threshold (avg_apen / zone_threshold) indicates potential support; a crossover above (avg_apen * zone_threshold) indicates potential resistance. Filter by Level : A potential zone trigger is confirmed only if the low (for support) or high (for resistance) of the trigger bar is within the Max Ticks Distance of a significant price level (multiple of 50). Manage & Draw Zones : If a trigger is confirmed, a new zone box is created. The script checks for overlaps with existing zones within the Zone Merge Distance and merges them if necessary. Zones are extended forward, and the oldest are removed to respect the Maximum Zones limit. Active zones are drawn and updated on the chart. 💡 Note: Crucially, set the Tick Size parameter correctly for your specific trading instrument in the “Level Filter Settings”. Incorrect Tick Size will make the significant level filter inaccurate. Experiment with parameters, especially Window Length , Tolerance (r) , Zone Threshold , and Max Ticks Distance , to tailor the indicator’s sensitivity to your preferred asset and timeframe. Always use this indicator as part of a comprehensive trading plan, incorporating risk management and seeking confirmation from other analysis techniques.
Pine Script® göstergesi
PhenLabs tarafından
Impulse Volume Oscillator [Alpha Extract]Impulse Volume Oscillator A sophisticated indicator designed to identify market impulse moves and volume-based momentum shifts, helping traders capture significant price movements with precision. Combining price deviations with volume analysis, this oscillator dynamically measures market strength and weakness, providing clear signals for potential trend continuations and reversals. 🔶 Volume-Adjusted Normalization Utilizes a unique normalization technique that incorporates volume impact to enhance signal quality. This approach ensures the indicator responds more strongly to high-volume price movements while filtering out low-volume noise. vol_ratio = ta.rsi(volume, 14) / 50 vol_factor = vol_impact > 0 ? 1 + (vol_ratio - 1) * vol_impact : 1 raw_normalized = dev / (ta.stdev(source, bars) * mult) vol_adjusted = raw_normalized * vol_factor normalized = ta.sma(vol_adjusted, smooth) 🔶 Adaptive Regime Detection Incorporates threshold-based regime identification that clearly distinguishes between trending and mean-reverting market conditions. The customizable threshold system allows traders to adapt to different market volatilities and timeframes. 🔶 Customizable Parameters Fine-tune detection sensitivity with adjustable inputs for lookback period, standard deviation multiplier, volume impact, and signal smoothing. These parameters enable traders to optimize the indicator for various trading styles and market conditions. ❓How It Works 🔶 Impulse Calculation The oscillator measures price deviation from a moving average baseline, normalized by standard deviation, and then adjusts the signal based on relative volume strength. This creates a responsive yet stable indicator that accurately reflects market momentum. // Calculate the basis using the selected MA basis = get_ma(source, bars) // Calculate the normalized value with volume impact dev = source - basis 🔶 Dynamic Visualization The histogram changes color based on signal strength, providing instant visual cues about market conditions. Green bars indicate positive momentum while red bars represent negative momentum, with color intensity reflecting signal strength. 🔶 Trend Confirmation Built-in trend direction analysis provides confluence with the primary signal, helping traders distinguish between counter-trend bounces and genuine trend reversals. This dual-confirmation approach significantly reduces false signals. 🔶 Visual Alerts & Boundary Tracking Monitors signal extremes and dynamically adjusts visualization transparency based on signal strength. The indicator highlights particularly strong impulse moves with background shading, making potential trading opportunities immediately apparent. 🔶 Custom Candle Coloring Optional candle coloring applies the same color logic as the histogram directly to price candles, providing a unified visual framework that helps traders correlate indicator signals with price action. 🔶 Momentum Shift Detection Automatically identifies important zero-line crossovers that often signify the beginning of new impulse moves. These transition points frequently offer favorable risk/reward entry opportunities. 🔶 Snapshot samples 1 Week 1 Day 15 Min 🔶 Why Choose AE - Impulse Volume Oscillator? This indicator provides a comprehensive approach to identifying significant market moves by combining volume analysis with price momentum. By offering clear visual signals for both trend continuation and reversal scenarios, it empowers traders to make more informed decisions across various market conditions and timeframes.
Pine Script® göstergesi
AlphaExtract tarafından
4
All-Time, Yearly & Monthly High/LowThis indicator visually tracks and displays: • All-Time High (ATH) – The highest price the asset has ever reached • All-Time Low (ATL) – The lowest price the asset has ever reached • Yearly High/Low – The highest and lowest prices recorded in the current calendar year • Monthly High/Low – The highest and lowest prices in the current calendar month It helps traders quickly identify major support/resistance levels and historical price extremes across different timeframes. Level Color Updates When All-Time High Red A new highest price ever is reached All-Time Low Green A new lowest price ever is reached Yearly High Orange New yearly high occurs or changes with new year Yearly Low Teal New yearly low occurs or changes with new year Monthly High Fuchsia New monthly high or at the start of each new month Monthly Low Navy Blue New monthly low or at the start of each new month This indicator is especially useful for: • Swing traders watching monthly or yearly trend zones • Breakout traders looking to spot price levels where breakouts might occur • Reversal traders using all-time levels for high-risk reward zones • Long-term investors gauging historical extremes for entries/exits
Pine Script® göstergesi
madue2014 tarafından
Candlestick Pattern Indicator – Doji, Harami, More [algo_aakash]This Candlestick Pattern Indicator is designed to help traders identify key price action patterns like Bullish Engulfing, Bearish Engulfing, Doji, Hammer, Morning Star, Evening Star, and many more directly on your TradingView chart. With customizable options to display both bullish and bearish patterns , this indicator provides real-time visual markers and labels, helping you make informed trading decisions. Key features of the indicator include: Detects popular candlestick patterns such as Bullish Engulfing, Bearish Engulfing, Hammer, Morning Star, Tweezer Tops, and more. Customizable settings for displaying pattern shapes, labels, and opacity, tailored to your trading preferences. Option to plot signals only after a candle closes, ensuring accuracy. Alerts for immediate notification of detected patterns. Visual markers on the chart, including arrows and labels, for quick recognition of potential trade setups. This indicator is ideal for traders who rely on candlestick patterns for technical analysis and want an automated tool to highlight these setups for easier decision-making. Whether you're a beginner or an experienced trader, this tool will help you spot important patterns in real-time without cluttering your chart.
Pine Script® göstergesi
algo_aakash tarafından
Smarter Money Concepts - OBs [PhenLabs]📊 Smarter Money Concepts - OBs Version: PineScript™ v6 📌 Description Smarter Money Concepts - OBs (Order Blocks) is an advanced technical analysis tool designed to identify and visualize institutional order zones on your charts. Order blocks represent significant areas of liquidity where smart money has entered positions before major moves. By tracking these zones, traders can anticipate potential reversals, continuations, and key reaction points in price action. This indicator incorporates volume filtering technology to identify only the most significant order blocks, eliminating low-quality signals and focusing on areas where institutional participation is likely present. The combination of price structure analysis and volume confirmation provides traders with high-probability zones that may attract future price action for tests, rejections, or breakouts. 🚀 Points of Innovation Volume-Filtered Block Detection : Identifies only order blocks formed with significant volume, focusing on areas with institutional participation Advanced Break of Structure Logic : Uses sophisticated price action analysis to detect legitimate market structure breaks preceding order blocks Dynamic Block Management : Intelligently tracks, extends, and removes order blocks based on price interaction and time-based expiration Structure Recognition System : Employs technical analysis algorithms to find significant swing points for accurate order block identification Dual Directional Tracking : Simultaneously monitors both bullish and bearish order blocks for comprehensive market structure analysis 🔧 Core Components Order Block Detection : Identifies institutional entry zones by analyzing price action before significant breaks of structure, capturing where smart money has likely positioned before moves. Volume Filtering Algorithm : Calculates relative volume compared to a moving average to qualify only order blocks formed with significant market participation, eliminating noise. Structure Break Recognition : Uses price action analysis to detect legitimate breaks of market structure, ensuring order blocks are identified only at significant market turning points. Dynamic Block Management : Continuously monitors price interaction with existing blocks, extending, maintaining, or removing them based on current market behavior. 🔥 Key Features Volume-Based Filtering : Filter out insignificant blocks by requiring a minimum volume threshold, focusing only on zones with likely institutional activity Visual Block Highlighting : Color-coded boxes clearly mark bullish and bearish order blocks with customizable appearance Flexible Mitigation Options : Choose between “Wick” or “Close” methods for determining when a block has been tested or mitigated Scan Range Adjustment : Customize how far back the indicator looks for structure points to adapt to different market conditions and timeframes Break Source Selection : Configure which price component (close, open, high, low) is used to determine structure breaks for precise block identification 🎨 Visualization Bullish Order Blocks : Blue-colored rectangles highlighting zones where bullish institutional orders were likely placed before upward moves, representing potential support areas. Bearish Order Blocks : Red-colored rectangles highlighting zones where bearish institutional orders were likely placed before downward moves, representing potential resistance areas. Block Extension : Order blocks extend to the right of the chart, providing clear visualization of these significant zones as price continues to develop. 📖 Usage Guidelines Order Block Settings Scan Range : Default: 25. Defines how many bars the indicator scans to determine significant structure points for order block identification. Bull Break Price Source : Default: Close. Determines which price component is used to detect bullish breaks of structure. Bear Break Price Source : Default: Close. Determines which price component is used to detect bearish breaks of structure. Visual Settings Bullish Blocks Color : Default: Blue with 85% transparency. Controls the appearance of bullish order blocks. Bearish Blocks Color : Default: Red with 85% transparency. Controls the appearance of bearish order blocks. General Options Block Mitigation Method : Default: Wick, Options: Wick, Close. Determines how block mitigation is calculated - “Wick” uses high/low values while “Close” uses close values for more conservative mitigation criteria. Remove Filled Blocks : Default: Disabled. When enabled, order blocks are removed once they’ve been mitigated by price action. Volume Filter Volume Filter Enabled : Default: Enabled. When activated, only shows order blocks formed with significant volume relative to recent average. Volume SMA Period : Default: 15, Range: 1-50. Number of periods used to calculate the average volume baseline. Min. Volume Ratio : Default: 1.5, Range: 0.5-10.0. Minimum volume ratio compared to average required to display an order block; higher values filter out more blocks. ✅ Best Use Cases Identifying high-probability support and resistance zones for trade entries and exits Finding optimal stop-loss placement behind significant order blocks Detecting potential reversal areas where price may react after extended moves Confirming breakout trades when price clears major order blocks Building a comprehensive market structure map for medium to long-term trading decisions Pinpointing areas where smart money may have positioned before major market moves ⚠️ Limitations Most effective on higher timeframes (1H and above) where institutional activity is more clearly defined Can generate multiple signals in choppy market conditions, requiring additional filtering Volume filtering relies on accurate volume data, which may be less reliable for some securities Recent market structure changes may invalidate older order blocks not yet automatically removed Block identification is based on historical price action and may not predict future behavior with certainty 💡 What Makes This Unique Volume Intelligence : Unlike basic order block indicators, this script incorporates volume analysis to identify only the most significant institutional zones, focusing on quality over quantity. Structural Precision : Uses sophisticated break of structure algorithms to identify true market turning points, going beyond simple price pattern recognition. Dynamic Block Management : Implements automatic block tracking, extension, and cleanup to maintain a clean and relevant chart display without manual intervention. Institutional Focus : Designed specifically to highlight areas where smart money has likely positioned, helping retail traders align with institutional perspectives rather than retail noise. 🔬 How It Works 1. Structure Identification Process : The indicator continuously scans price action to identify significant swing points and structure levels within the specified range, establishing a foundation for order block recognition. 2. Break Detection : When price breaks an established structure level (crossing below a significant low for bearish breaks or above a significant high for bullish breaks), the indicator marks this as a potential zone for order block formation. 3. Volume Qualification : For each potential order block, the algorithm calculates the relative volume compared to the configured period average. Only blocks formed with volume exceeding the minimum ratio threshold are displayed. 4. Block Creation and Management : Valid order blocks are created, tracked, and managed as price continues to develop. Blocks extend to the right of the chart until they are either mitigated by price action or expire after the designated timeframe. 5. Continuous Monitoring : The indicator constantly evaluates price interaction with existing blocks, determining when blocks have been tested, mitigated, or invalidated, and updates the visual representation accordingly. 💡 Note: Order Blocks represent areas where institutional traders have likely established positions and may defend these zones during future price visits. For optimal results, use this indicator in conjunction with other confluent factors such as key support/resistance levels, trendlines, or additional confirmation indicators. The most reliable signals typically occur on higher timeframes where institutional activity is most prominent. Start with the default settings and adjust parameters gradually to match your specific trading instrument and style.
Pine Script® göstergesi
PhenLabs tarafından
Smarter Money Concepts - FVGs [PhenLabs]📊 Smarter Money Concepts - FVGs Version: PineScript™ v6 📌 Description Smarter Money Concepts - FVGs is a sophisticated indicator designed to identify and track Fair Value Gaps (FVGs) in price action. These gaps represent market inefficiencies where price moves quickly, creating imbalances that often attract subsequent price action for mitigation. By highlighting these key areas, traders can identify potential zones for reversals, continuations, and price targets. The indicator employs volume filtering ideology to highlight only the most significant FVGs, reducing noise and focusing on gaps formed during periods of higher relative volume. This combination of price structure analysis and volume confirmation provides traders with high-probability areas of interest that institutional smart money may target during future price movements. 🚀 Points of Innovation Volume-Filtered Gap Detection : Eliminates low-significance FVGs by requiring a minimum volume threshold, focusing only on gaps formed with institutional participation Equilibrium Line Visualization : Displays the midpoint of each gap as a potential precision target for trades Automated Gap Mitigation Tracking : Monitors when price revisits and mitigates gaps, automatically managing visual elements Time-Based Gap Management : Intelligently filters gaps based on a configurable timeframe, maintaining chart clarity Dual Direction Analysis : Simultaneously tracks both bullish and bearish gaps, providing a complete market structure view Memory-Optimized Design : Implements efficient memory management for smooth chart performance even with numerous FVGs 🔧 Core Components Fair Value Gap Detection : Identifies price inefficiencies where the current candle’s low is higher than the previous candle’s high (bearish FVG) or where the current candle’s high is lower than the previous candle’s low (bullish FVG). Volume Filtering Mechanism : Calculates relative volume compared to a moving average to qualify only gaps formed during significant market activity. Mitigation Tracking : Continuously monitors price action to detect when gaps get filled, with options to either hide or maintain visual representation of mitigated gaps. 🔥 Key Features Customizable Gap Display : Toggle visibility of bullish and bearish gaps independently to focus on your preferred market direction Volume Threshold Control : Adjust the minimum volume ratio required for gap qualification, allowing fine-tuning between sensitivity and significance Flexible Mitigation Methods : Choose between “Wick” or “Close” methods for determining when a gap has been mitigated, adapting to different trading styles Visual Customization : Full control over colors, transparency, and style of gap boxes and equilibrium lines 🎨 Visualization Gap Boxes : Rectangular highlights showing the exact price range of each Fair Value Gap. Bullish gaps indicate potential upward price targets, while bearish gaps show potential downward targets. Equilibrium Lines : Dotted lines running through the center of each gap, representing the mathematical midpoint that often serves as a precision target for price movement. 📖 Usage Guidelines General Settings Days to Analyze : Default: 15, Range: 1-100. Controls how many days of historical gaps to display, balancing between comprehensive analysis and chart clarity Visual Settings Bull Color : Default:(#596fd33f). Color for bullish Fair Value Gaps, typically using high transparency for clear chart visibility Bear Color : Default:(#d3454575). Color for bearish Fair Value Gaps, typically using high transparency for clear chart visibility Equilibrium Line : Default: Enabled. Toggles visibility of the center equilibrium line for each FVG Eq. Line Color : Default: Black with 99% transparency. Sets the color of equilibrium lines, usually kept subtle to avoid chart clutter Eq. Line Style : Default: Dotted, Options: Dotted, Solid, Dashed. Determines the line style for equilibrium lines Mitigation Settings Mitigation Method : Default: Wick, Options: Wick, Close. Determines how gap mitigation is calculated - “Wick” uses high/low values while “Close” uses open/close values for more conservative mitigation criteria Hide Mitigated : Default: Enabled. When enabled, gaps become transparent once mitigated, reducing visual clutter while maintaining historical context Volume Filter Volume Filter : Default: Enabled. When enabled, only shows gaps formed with significant volume relative to recent average Min Ratio : Default: 1.5, Range: 0.1-10.0. Minimum volume ratio compared to average required to display an FVG; higher values filter out more gaps Periods : Default: 15, Range: 5-50. Number of periods used to calculate the average volume baseline ✅ Best Use Cases Identifying potential reversal zones where price may react after extended moves Finding precise targets for take-profit placement in trend-following strategies Detecting institutional interest areas for potential breakout or breakdown confirmations Plotting significant support and resistance zones based on structural imbalances Developing fade strategies at key market structure points Confirming trade entries when price approaches significant unfilled gaps ⚠️ Limitations Works best on higher timeframes where gaps reflect more significant market inefficiencies Very choppy or ranging markets may produce small gaps with limited predictive value Volume filtering depends on accurate volume data, which may be less reliable for some symbols Performance may be affected when displaying a very large number of historical gaps Some gaps may never be fully mitigated, particularly in strongly trending markets 💡 What Makes This Unique Volume Intelligence : Unlike basic FVG indicators, this script incorporates volume analysis to identify the most significant structural imbalances, focusing on quality over quantity. Visual Clarity Management : Automatic handling of mitigated gaps and memory management ensures your chart remains clean and informative even over extended analysis periods. Dual-Direction Comprehensive Analysis : Simultaneously tracks both bullish and bearish gaps, providing a complete market structure picture rather than forcing a directional bias. 🔬 How It Works 1. Gap Detection Process : The indicator examines each candle in relation to previous candles, identifying when a gap forms between the low of candle and high of candle (bearish FVG) or between the high of candle and low of candle (bullish FVG). This specific candle relationship identifies true structural imbalances. 2. Volume Qualification : For each potential gap, the algorithm calculates the relative volume compared to the configured period average. Only gaps formed with volume exceeding the minimum ratio threshold are displayed, ensuring focus on institutionally significant imbalances. 3. Equilibrium Calculation : For each qualified gap, the script calculates the precise mathematical midpoint, which becomes the equilibrium line - a key target that price often gravitates toward during mitigation attempts. 4. Mitigation Tracking : The indicator continuously monitors price action against existing gaps, determining mitigation based on the selected method (wick or close). When price reaches the equilibrium point, the gap is considered mitigated and can be visually updated accordingly. 💡 Note: Fair Value Gaps represent market inefficiencies that often, but not always, get filled. Use this indicator as part of a complete trading strategy rather than as a standalone system. The most valuable signals typically come from combining FVG analysis with other confirmatory indicators and overall market context. For optimal results, start with the default settings and gradually adjust parameters to match your specific trading timeframe and style.
Pine Script® göstergesi
PhenLabs tarafından