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TSD with 1H Trend & MFI Areascript is a custom trading indicator designed for intraday momentum and trend analysis, primarily using the WaveTrend oscillator, Money Flow Index (MFI), and a higher timeframe (HTF) filter (like 1-hour trend) to provide Buy/Sell signals with visual and background cues. Here's a structured breakdown: 🔍 Purpose This indicator helps traders identify potential trade entries and exits based on: Momentum crossovers (WaveTrend) Money inflows/outflows (MFI) Higher-timeframe trend confirmation (like 1H) Overbought/Oversold levels 🧠 Core Components 1. WaveTrend Oscillator (WT) Calculates WT1 and WT2 using hlc3, ema, and sma. WT1 is the fast line, WT2 is the smoothed signal. Crossovers between WT1 and WT2 indicate entry/exit signals. 2. Money Flow Index (MFI) Custom MFI calculation using volume and price change logic. Optional smoothing using ta.sma. Transformed for alignment with WT's range. Positive MFI = bullish pressure; Negative = bearish. 3. Higher Timeframe Trend Filter (1H) Applies WT and MFI logic to the 1-hour chart using request.security. Ensures signals align with larger trend context (prevents false entries). Categorizes trends as: Strong Bullish: WT1 > WT2 + MFI > 10 + WT1–WT2 > threshold Strong Bearish: WT1 < WT2 + MFI < -10 + WT1–WT2 > threshold Bullish / Bearish: Looser conditions 📈 Signals 🔼 Buy Signal: pinescript Copy Edit ta.crossover(wt1, wt2) and bullish_htf WT crossover up on current timeframe + HTF is bullish 🔽 Sell Signal: pinescript Copy Edit ta.crossunder(wt1, wt2) and bearish_htf ❌ Exit Signals: crossunder(wt1, wt2) → Exit Buy crossover(wt1, wt2) → Exit Sell 🎨 Visuals Area plots for WT and MFI. Buy/Sell markers with color-coded triangles. Background color changes based on HTF trend (green/red/neutral). Horizontal lines for Overbought/Oversold thresholds. Circle dots for OB/OS violations. 📦 Configurable Inputs Lengths (n1, n2) for WT Overbought/oversold levels Smoothing toggle for MFI Colors, opacities, and marker styles 🛠️ Design Highlights Non-overlay (separate pane) — not plotted on price chart Multiple visual cues for clarity: labels, background, shading Scales properly with invisible padding lines Good modular structure: you can plug in additional conditions or convert to a strategy 🚩 Limitations Doesn't show Support/Resistance levels (unless added) Can give late entries in fast markets due to smoothing Not overlaid on chart (may be hard to associate signals with candles) No alerts defined (easy to add with alertcondition()) 🔁 Use Cases Great for 15–30 min intraday trading Especially useful for momentum pullback or trend continuation entries Combine with price action/S&R zones for higher conviction
Pine Script® göstergesi
PHENIXIGNATIUS tarafından
Volume Comparison with Buyer/Seller PressureTHIS indicator is well-structured and provides a comprehensive way to analyze volume alongside buyer and seller pressure. This indicator helps traders analyze volume dynamics in the stock or cryptocurrency market while simultaneously assessing buyer and seller pressure. Its use case revolves around identifying strong buying or selling activity, neutral conditions, and volume trends over different time periods. Below is a breakdown of how to use this indicator: This Pine Script indicator helps traders analyze volume dynamics in the stock or cryptocurrency market while simultaneously assessing buyer and seller pressure. Its use case revolves around identifying strong buying or selling activity, neutral conditions, and volume trends over different time periods. Below is a breakdown of how to use this indicator: Key Features and Use Case Volume-Based Insights: Displays daily volume and compares it to the 3-day, 5-day, 10-day, and 20-day moving averages of volume. Helps traders identify days with unusual volume spikes relative to historical averages, signaling potential reversals or breakouts. Buyer and Seller Pressure: Measures buyer pressure: how much the closing price dominates the trading range of the day. Measures seller pressure: how much the opening price dominates the trading range of the day. Highlights areas where buying or selling pressure is particularly strong (≥ 0.75). Background Signals: Green Background: Strong buyer pressure (indicative of potential upward momentum). Red Background: Strong seller pressure (indicative of potential downward momentum). Gray Background: Neutral market conditions (neither buying nor selling dominance). Alerts: Alerts traders when: Strong buying signals are detected. Strong selling signals are detected. The market is neutral, with neither buyers nor sellers in control. Decision-Making Aid: Combines volume analysis with price action (buyer/seller pressure) to help traders identify: Potential breakout opportunities. Reversal points. Neutral zones where a trader might avoid trading due to indecision in the market. How to Use It in Trading:-------> Add the Indicator: Apply this Indicator to your Trading View chart to start visualizing the buyer/seller pressure and volume averages. Interpret Volume Trends: Look for days when daily volume significantly exceeds the 3-day, 5-day, 10-day, or 20-day average. These could indicate: A breakout when aligned with strong buyer pressure. A sell-off when aligned with strong seller pressure. React to Background Colors: * Green Background (Strong Buyer Pressure): Suggests buyers are dominating the market, and upward momentum is likely. Use this signal to consider buying opportunities, especially if volume is above average. * Red Background (Strong Seller Pressure): Indicates sellers are in control, and prices might fall. Use this signal to consider selling or shorting opportunities. * Gray Background (Neutral Market): Reflects indecision; avoid entering trades during these periods unless other signals support a strategy. Volume Confirmation: Combine volume analysis with buyer/seller pressure to confirm trends. Example: A high daily volume with strong buyer pressure signals a high-probability uptrend. Set Alerts: Enable alerts to receive real-time notifications when the market generates strong buy/sell signals or enters a neutral zone. Who Can Benefit: * Day Traders: Quickly assess intraday market dynamics and volume trends. * Swing Traders: Identify breakout opportunities or reversal points based on strong buyer/seller pressure. * Volume Analysts: Compare historical volume averages to current conditions for deeper insights. Limitations: Does not guarantee success—should be combined with other technical indicators or strategies. In low-volume markets, signals may produce false positives or unreliable results. Assumes traders have basic knowledge of price action and volume analysis. By integrating this indicator into your strategy, you gain a powerful tool to analyze buyer/seller dominance alongside volume trends, improving your market timing and trade execution. The Buyer and Seller Pressure components in this indicator provide crucial insights into the market's sentiment and momentum by analyzing the price action relative to the trading volume. Here's how they are used: 1. Buyer Pressure: Formula: Buyer Pressure = (Close − Open) / (High − Low ) Interpretation: * A high buyer pressure (≥ 0.75) indicates strong bullish sentiment, where the price closes much higher than it opened, and the range (high-low) is sufficiently wide. * It identifies periods of aggressive buying, often signaling potential bullish trends or confirming upward momentum. 2. Seller Pressure: Formula: Seller Pressure = (Close − Open ) / (High -Low ) ​ Interpretation: *A high seller pressure (≥ 0.75) suggests strong bearish sentiment, where the price closes much lower than it opened, within a wide range. *It helps identify periods of aggressive selling, signaling potential bearish trends or downward momentum. Purpose in the Indicator: 1. Market Sentiment Analysis: * Buyer Pressure and Seller Pressure allow traders to gauge market sentiment—whether buyers or sellers dominate a particular time frame. * This helps in identifying trend reversals or confirmations. 2. Decision-Making Framework: * The indicator uses thresholds (default 0.75) to classify the market into: * Strong Buy Signal: When buyer pressure is dominant. * Strong Sell Signal: When seller pressure is dominant. * Neutral Signal: When neither buyer nor seller pressure dominates. *This classification provides a straightforward decision-making tool for traders. Risk Management: *By identifying periods of strong buying or selling, traders can avoid entering trades in highly volatile or one-sided markets, which helps reduce risk. Volume Confirmation: *Integrating volume data with buyer/seller pressure helps confirm trends. For example: *High buyer pressure accompanied by higher-than-average volume strengthens the bullish signal. *Similarly, high seller pressure with higher-than-average volume confirms bearish signals. Trade Timing: *The indicator highlights conditions of potential entry (strong buy) or exit (strong sell), allowing traders to time their trades better based on real-time market activity. Use Case: *Example: *Suppose the indicator shows Buyer Pressure = 0.85 with daily volume above the 3-day average. This combination suggests strong bullish activity with momentum, signaling a buy opportunity. *Conversely, if Seller Pressure = 0.80 with volume above the 5-day average, it signals strong bearish momentum, ideal for selling or shorting. This indicator combines buyer/seller pressure with volume dynamics, making it valuable for short-term and intraday traders looking for precise market entries and exits. The background color in this indicator plays an important visual role in helping traders quickly identify the market sentiment based on buyer and seller pressure. It provides a dynamic, color-coded background that changes depending on the strength of the market's buying or selling activity. Here's how it works: Background Color Logic: 1. Green Background (Strong Buy Signal): *Condition: The background turns green when buyer pressure is greater than or equal to 0.75 (strong buying pressure). *Interpretation: A green background indicates that there is significant bullish sentiment in the market, with strong buying activity. Traders can interpret this as an environment conducive to buying or holding long positions. *Visual Effect: This helps to quickly spot bullish market conditions, reinforcing potential entry signals for buyers. 2.Red Background (Strong Sell Signal): *Condition: The background turns red when seller pressure is greater than or equal to 0.75 (strong selling pressure). *Interpretation: A red background indicates that the market is dominated by selling, showing strong bearish sentiment. Traders can consider this as a signal to sell or short the asset. *Visual Effect: The red background highlights moments when the market is heavily selling, prompting traders to either exit long positions or take short positions. Gray Background (Neutral/Indecision Zone): Condition: The background turns gray when neither buyer nor seller pressure exceeds 0.75. This means the market is neutral, with no dominant bullish or bearish sentiment. Interpretation: A gray background suggests market indecision or balance between buyers and sellers. It can indicate periods of consolidation or sideways movement where no strong trend is forming. Visual Effect: The gray background helps traders avoid entering trades when the market lacks a clear direction or when the sentiment is neutral, reducing risk during indecisive times. Practical Use: Instant Visual Confirmation: *Traders can use the background color as an instant confirmation of the market’s sentiment. For instance, if the background turns green, traders might feel more confident in making a long (buy) trade. *If the background turns red, it serves as a strong visual cue to short or exit a long position. Helps with Trade Timing: *The background color can be used in conjunction with other indicators and volume data to time entries and exits more effectively. For example: *A green background with strong volume indicates a strong trend that could justify a buy. *A red background with a significant volume surge signals strong selling pressure, which could prompt a sell. Simplifies Market Analysis: *For traders who prefer visual cues over complex analysis, the background color simplifies market conditions. Instead of focusing on individual numbers or values, the color-coded background gives them a quick, intuitive view of the market sentiment. Summary: * Green background = Strong buying pressure (bullish sentiment) * Red background = Strong selling pressure (bearish sentiment) * Gray background = Neutral market (indecision or balance between buyers and sellers) This background color functionality helps traders stay aware of the prevailing market sentiment at a glance, providing an intuitive way to guide trading decisions.
Pine Script® göstergesi
ask2maniish tarafından
MCumulativeDelta* MCumulativeDelta Indicator * The MCumulativeDelta Indicator shows the Buying / Selling pressure that is happening in the market. The Delta is powered by the *MBox Precision Delta* Algorithm. This indicator serves to show overall Accumulation and Distribution of the BUYERS and the SELLERS. It becomes possible to gauge if the market is overall Bullish or Bearish. This helps determine trade direction and keeping out of other trades that are counter to what the overall Buying / Selling is showing. * WHAT THE SCRIPT DOES * The script draws a histogram that can either be positive or negative. When the histogram is positive it means there are more Buyers in the Market. When the histogram is negative it means there are more sellers in the market. The more positive the histogram gets, the more BUYERS are flooding the market. The more negative the histogram gets, the more SELLERS are flooding the market. When the histogram switches over from negative to positive it is a Bullish sign of Buying. When the histogram switches over from positive to negative, it is a Bearish sign of Selling. * HOW TO USE IT * As the histogram becomes more negative, this shows that the SELLERS have taken control of the markets. Conversely, as the histogram becomes more positive, this shows that the Buyers have taken control of the markets. The side that is in control is the direction to generally place trades in, and at the same time filter out trades of the opposite direction. * HOW IT WORKS * The MCumulativeDelta histogram on the chart represents overall Buying / Selling. This is the DELTA (difference) between the BUYING and the SELLING. Taking the total BUYING and subtracting the total of SELLING, we produce the DELTA (difference) between the Buying / Selling and this is what is drawn by the histogram. Unlike other Cumulative Delta indicators which determine delta from the Up / Down wick and just multiply by volume (not a true delta), the MCumulativeDelta indicator uses a sophisticated algorithm that analyzes price movement corresponding to volume movement. The way the DELTA, BUYING, and SELLING is calculated is computed by the *MBox Precision Delta* Algorithm. The algorithm considers the following data points when making it's computation 1. Price moving up on increasing volume 2. Price moving up on decreasing volume 3. Price moving horizontally on increasing volume 4. Price moving horizontally on decreasing volume 5. Price moving down on increasing volume 6. Price moving down on decreasing volume Using these data points allows MCumulativeDelta to effectively compute and define the following scenarios 1. Accumulation / Distribution 2. Buying / Selling Exhaustion 3. Buying / Selling EFFORT / NO RESULT Once the scenario is determined, it will greatly aid in trade decision making. These scenarios are explained in the examples below * EXAMPLE AND USE CASES * - Accumulation Example - When you see a large amount of BUYING (large positive histogram) and price entering an up trend, this is indicative of Accumulation and you would be looking for PULLBACKS to get into the up trend move. - Distribution Example - When you see a large amount of SELLING (large negative histogram) and price entering a down trend, this is indicative of Distribution and you would be looking for pullbacks to get into the down trend move. - Buying EXHAUSTION Divergence - As price makes higher highs, but the MCumulativeDelta histogram drops (becomes less positive) on the higher highs, it means BUYERS are exhausted. Potentially a reversal or change in behavior in the markets. - Selling EXHAUSTION Divergence - As price makes lower lows, but the MCumulativeDelta histogram contracts (becomes less negative) on the lower lows, it means SELLERS are exhausted. Potentially a reversal or change in behavior in the markets. - BUYING EFFORT / NO RESULT - As the MCumulativeDelta histogram increases positively, but price fails to make higher highs, it is a sign of EFFORT / NO RESULT on behalf of the Buyers. In this case Buyers are pushing hard to move price up, but are unable to, due to being OVERBOUGHT. If this is accompanied by visible SELLING, it would be a good short entry. - SELLING EFFORT / NO RESULT - As the MCumulativeDelta histogram increases negatively, but price fails to make lower lows, it is a sign of EFFORT / NO RESULT on behalf of the Sellers. In this case Sellers are pushing hard to move price down, but are unable to, due to being OVERSOLD. If this is accompanied by visible BUYING, it would be a good long entry. * SETTING ALERTS * - FOR CROSSING FROM BUYING TO SELLING OR SELLING TO BUYING - To be alerted when the histogram crosses over from Buying to Selling (Positive to Negative) or Selling to Buying (Negative to Positive) 1. Right Click Chart -> Add Alert... 2. Select Condition to be "MCumulativeDelta" 3. Select "Crossing" with Value = 0 4. Options set "Once Per Bar Close" 5. Customize Any other Alert Options you want * AUTHOR * This script is published by MBoxWave LLC
Pine Script® göstergesi
mboxwave tarafından
Price Action Smart Money Concepts [BigBeluga]THE SMART MONEY CONCEPTS Toolkit The Smart Money Concepts [ BigBeluga ] is a comprehensive toolkit built around the principles of "smart money" behavior, which refers to the actions and strategies of institutional investors. The Smart Money Concepts Toolkit brings together a suite of advanced indicators that are all interconnected and built around a unified concept: understanding and trading like institutional investors, or "smart money." These indicators are not just randomly chosen tools; they are features of a single overarching framework, which is why having them all in one place creates such a powerful system. This all-in-one toolkit provides the user with a unique experience by automating most of the basic and advanced concepts on the chart, saving them time and improving their trading ideas. Real-time market structure analysis simplifies complex trends by pinpointing key support, resistance, and breakout levels. Advanced order block analysis leverages detailed volume data to pinpoint high-demand zones, revealing internal market sentiment and predicting potential reversals. This analysis utilizes bid/ask zones to provide supply/demand insights, empowering informed trading decisions. Imbalance Concepts (FVG and Breakers) allows traders to identify potential market weaknesses and areas where price might be attracted to fill the gap, creating opportunities for entry and exit. Swing failure patterns help traders identify potential entry points and rejection zones based on price swings. Liquidity Concepts, our advanced liquidity algorithm, pinpoints high-impact events, allowing you to predict market shifts, strong price reactions, and potential stop-loss hunting zones. This gives traders an edge to make informed trading decisions based on liquidity dynamics. 🔵 FEATURES The indicator has quite a lot of features that are provided below: Swing market structure Internal market structure Mapping structure Adjustable market structure Strong/Weak H&L Sweep Volumetric Order block / Breakers Fair Value Gaps / Breakers (multi-timeframe) Swing Failure Patterns (multi-timeframe) Deviation area Equal H&L Liquidity Prints Buyside & Sellside Sweep Area Highs and Lows (multi-timeframe) 🔵 BASIC DEMONSTRATION OF ALL FEATURES 1. MARKET STRUCTURE The preceding image illustrates the market structure functionality within the Smart Money Concepts indicator. ➤ Solid lines: These represent the core indicator's internal structure, forming the foundation for most other components. They visually depict the overall market direction and identify major reversal points marked by significant price movements (denoted as 'x'). ➤ Internal Structure: These represent an alternative internal structure with the potential to drive more rapid market shifts. This is particularly relevant when a significant gap exists in the established swing structure, specifically between the Break of Structure (BOS) and the most recent Change of High/Low (CHoCH). Identifying these formations can offer opportunities for quicker entries and potential short-term reversals. ➤ Sweeps (x): These signify potential turning points in the market where liquidity is removed from the structure. This suggests a possible trend reversal and presents crucial entry opportunities. Sweeps are identified within both swing and internal structures, providing valuable insights for informed trading decisions. ➤ Mapping structure: A tool that automatically identifies and connects significant price highs and lows, creating a zig-zag pattern. It visualizes market structure, highlights trends, support/resistance levels, and potential breakouts. Helps traders quickly grasp price action patterns and make informed decisions. ➤ Color-coded candles based on market structure: These colors visually represent the underlying market structure, making it easier for traders to quickly identify trends. ➤ Extreme H&L: It visualizes market structure with extreme high and lows, which gives perspective for macro Market Structure. 2. VOLUMETRIC ORDER BLOCKS Order blocks are specific areas on a financial chart where significant buying or selling activity has occurred. These are not just simple zones; they contain valuable information about market dynamics. Within each of these order blocks, volume bars represent the actual buying and selling activity that took place. These volume bars offer deeper insights into the strength of the order block by showing how much buying or selling power is concentrated in that specific zone. Additionally, these order blocks can be transformed into Breaker Blocks. When an order block fails—meaning the price breaks through this zone without reversing—it becomes a breaker block. Breaker blocks are particularly useful for trading breakouts, as they signal that the market has shifted beyond a previously established zone, offering opportunities for traders to enter in the direction of the breakout. Here's a breakdown: ➤ Bear Order Blocks (Red): These are zones where a lot of selling happened. Traders see these areas as places where sellers were strong, pushing the price down. When the price returns to these zones, it might face resistance and drop again. ➤ Bull Order Blocks (Green): These are zones where a lot of buying happened. Traders see these areas as places where buyers were strong, pushing the price up. When the price returns to these zones, it might find support and rise again. These Order Blocks help traders identify potential areas for entering or exiting trades based on past market activity. The volume bars inside blocks show the amount of trading activity that occurred in these blocks, giving an idea of the strength of buying or selling pressure. ➤ Breaker Block: When an order block fails, meaning the price breaks through this zone without reversing, it becomes a breaker block. This indicates a significant shift in market liquidity and structure. ➤ A bearish breaker block occurs after a bullish order block fails. This typically happens when there's an upward trend, and a certain level that was expected to support the market's rise instead gives way, leading to a sharp decline. This decline indicates that sellers have overcome the buyers, absorbing liquidity and shifting the sentiment from bullish to bearish. Conversely, a bullish breaker block is formed from the failure of a bearish order block. In a downtrend, when a level that was expected to act as resistance is breached, and the price shoots up, it signifies that buyers have taken control, overpowering the sellers. 3. FAIR VALUE GAPS: A fair value gap (FVG), also referred to as an imbalance, is an essential concept in Smart Money trading. It highlights the supply and demand dynamics. This gap arises when there's a notable difference between the volume of buy and sell orders. FVGs can be found across various asset classes, including forex, commodities, stocks, and cryptocurrencies. FVGs in this toolkit have the ability to detect raids of FVG which helps to identify potential price reversals. Mitigation option helps to change from what source FVGs will be identified: Close, Wicks or AVG. 4. SWING FAILURE PATTERN (SFP): The Swing Failure Pattern is a liquidity engineering pattern, generally used to fill large orders. This means, the SFP generally occurs when larger players push the price into liquidity pockets with the sole objective of filling their own positions. SFP is a technical analysis tool designed to identify potential market reversals. It works by detecting instances where the price briefly breaks a previous high or low but fails to maintain that breakout, quickly reversing direction. How it works: Pattern Detection: The indicator scans for price movements that breach recent highs or lows. Reversal Confirmation: If the price quickly reverses after breaching these levels, it's identified as an SFP. ➤ SFP Display: Bullish SFP: Marked with a green symbol when price drops below a recent low before reversing upwards. Bearish SFP: Marked with a red symbol when price rises above a recent high before reversing downwards. ➤ Deviation Levels: After detecting an SFP, the indicator projects white lines showing potential price deviation: For bullish SFPs, the deviation line appears above the current price. For bearish SFPs, the deviation line appears below the current price. These deviation levels can serve as a potential trading opportunity or areas where the reversal might lose momentum. With Volume Threshold and Filtering of SFP traders can adjust their trading style: Volume Threshold: This setting allows traders to filter SFPs based on the volume of the reversal candle. By setting a higher volume threshold, traders can focus on potentially more significant reversals that are backed by higher trading activity. SFP Filtering: This feature enables traders to filter SFP detection. It includes parameters such as: 5. LIQUIDITY CONCEPTS: ➤ Equal Lows (EQL) and Equal Highs (EQH) are important concepts in liquidity-based trading. EQL: A series of two or more swing lows that occur at approximately the same price level. EQH: A series of two or more swing highs that occur at approximately the same price level. EQLs and EQHs are seen as potential liquidity pools where a large number of stop loss orders or limit orders may be clustered. They can be used as potential reverse points for trades. This multi-period feature allows traders to select less and more significant EQL and EQH: ➤ Liquidity wicks: Liquidity wicks are a minor representation of a stop-loss hunt during the retracement of a pivot point: ➤ Buy and Sell side liquidity: The buy side liquidity represents a concentration of potential buy orders below the current price level. When price moves into this area, it can lead to increased buying pressure due to the execution of these orders. The sell side liquidity indicates a pool of potential sell orders below the current price level. Price movement into this area can result in increased selling pressure as these orders are executed. ➤ Sweep Liquidation Zones: Sweep Liquidation Zones are crucial for understanding market structure and potential future price movements. They provide insights into areas where significant market participants have been forced out of their positions, potentially setting up new trading opportunities. 🔵 USAGE & EXAMPLES The core principle behind the success of this toolkit lies in identifying "confluence." This refers to the convergence of multiple trading indicators all signaling the same information at a specific point or area. By seeking such alignment, traders can significantly enhance the likelihood of successful trades. MS + OBs The chart illustrates a highly bullish setup where the price is rejecting from a bullish order block (POC), while simultaneously forming a bullish Swing Failure Pattern (SFP). This occurs after an internal structure change, marked by a bullish Change of Character (CHoCH). The price broke through a bearish order block, transforming it into a breaker block, further confirming the bullish momentum. The combination of these elements—bullish order blocks, SFP, and CHoCH—creates a powerful bullish signal, reinforcing the potential for upward movement in the market. SFP + Bear OB This chart above displays a bearish setup with a high probability of a price move lower. The price is currently rejecting from a bear order block, which represents a key resistance area where significant selling pressure has previously occurred. A Swing Failure Pattern (SFP) has also formed near this bear order block, indicating that the price briefly attempted to break above a recent high but failed to sustain that upward movement. This failure suggests that buyers are losing momentum, and the market could be preparing for a move to the downside. Additionally, we can toggle on the Deviation Area in the SFP section to highlight potential levels where price deviation might occur. These deviation areas represent zones where the price is likely to react after the Swing Failure Pattern: BUY – SELL sides + EQL The chart showcases a bullish setup with a high probability of price breaking out of the current sell-side resistance level. The market structure indicates a formation of Equal Lows (EQL), which often suggests a build-up of liquidity that could drive the price higher. The presence of strong buy-side pressure (69%), indicated by the green zone at the bottom, reinforces this bullish outlook. This area represents a key support zone where buyers are outpacing sellers, providing the foundation for a potential upward breakout. EQL + Bull ChoCh This chart illustrates a potential bullish setup, driven by the formation of Equal Lows (EQL) followed by a bullish Change of Character (CHoCH). The presence of Equal Lows often signals a liquidity build-up, which can lead to a reversal when combined with additional bullish signals. Liquidity grab + Bull ChoCh + FVGs This chart demonstrates a strong bullish scenario, where several important market dynamics are at play. The price begins its upward momentum from Liquidity grab following a bullish Change of Character (CHoCH), signaling the transition from a bearish phase to a bullish one. As the price progresses, it performs liquidity grabs, which serve to gather the necessary fuel for further movement. These liquidity grabs often occur before significant price surges, as large market participants exploit these areas to accumulate positions before pushing the price higher. The chart also highlights a market imbalance area, showing strong momentum as the price moves swiftly through this zone. In this examples, we see how the combination of multiple “smart money” tools helps identify a potential trade opportunities. This is just one of the many scenarios that traders can spot using this toolkit. Other combinations—such as order blocks, liquidity grabs, fair value gaps, and Swing Failure Patterns (SFPs)—can also be layered on top of these concepts to further refine your trading strategy. 🔵 SETTINGS Window: limit calculation period Swing: limit drawing function Mapping structure: show structural points Algorithmic Logic: (Extreme-Adjusted) Use max high/low or pivot point calculation Algorithmic loopback: pivot point look back Show Last: Amount of Order block to display Hide Overlap: hide overlapping order blocks Construction: Size of the order blocks Fair value gaps: Choose between normal FVG or Breaker FVG Mitigation: (close - wick - avg) point to mitigate the order block/imbalance SFP lookback: find a higher / lower point to improve accuracy Threshold: remove less relevant SFP Equal H&L: (short-mid-long term) display longer term Liquidity Prints: Shows wicks of candles where liquidity was grabbed Sweep Area: Identify Sweep Liquidation areas By combining these indicators in one toolkit, traders are equipped with a comprehensive suite of tools that address every angle of the Smart Money Concept. Instead of relying on disparate tools spread across various platforms, having them integrated into a single, cohesive system allows traders to easily see confluence and make more informed trading decisions.
Pine Script® göstergesi
BigBeluga tarafından
103
ZN Market CycleDescription The purpose of this indicator is to create symbols that try to show the most accurate positions possible for trading. The formation of BUY/SELL symbols is based on the intersection of RSI, MACD and 6 bar moving average. Additionally, BOLLINGER bands were used to determine the lower and upper points. For example, while the price is falling, it will create an BOTTOM symbol when the price crosses the lower BOLLINGER band upwards. If this transition is accompanied by the RSI breaking its average upwards, it will produce the STRONG BOTTOM symbol. If the RSI average crosses the RSIMA direction upwards, it will produce the DEEP symbol. Of course, the scenario described above is also valid in the opposite direction. The purpose of the icons on the screen is indicated by the text above them. However, a detailed explanation of what these symbols do is given below. Symbols The symbols are explained one by one below. BOTTOM: Indicates that the fall has slowed down or may have been completed. STRONG BOTTOM: Indicates that the fall has stopped or may have been completed. TOP: Indicates that the ascent has slowed down or may have been completed. STRONG TOP: Indicates that the ascent has stopped or may have been completed. BUY: Indicates the convenient location to make a buying. Buying pressure may increase after this symbol. STRONG BUY: Indicates the most suitable location for buying. It should be considered that a strong buying wave may come after the appearance of this symbol. SELL: Indicates the appropriate location to selling Selling pressure may increase after this symbol. STRONG SELL: Indicates the most suitable position to selling. It should be considered that a strong selling wave may come after the appearance of this symbol. PEAK: It indicates that the uptrend has come to an end. DEEP: It indicates that the downtrend has come to an end. ARROWS: Arrows show the trend direction. Since it varies a lot, it should be used to follow the trend rather than buy/sell. However, the appearance of a downward arrow shortly after a buy signal should suggest that the buy signal is fake. In this case, the buying position can be closed. This also applies to the selling process. Best Use This indicator should be used for SPOT trades. Regardless, since it is not possible to know exactly the direction of the market, it should be considered to buy gradually at buy signals and sell gradually at sell signals. It should be followed for at least a 4-hour period. We do not recommend its use as the margin of error will increase in shorter time periods. After a buy signal comes, a short decline may occur and the rise may begin. An immediate rise should not be expected after the signal arrives. Since the signals are not guaranteed to work 100%, we do not recommend you to trade with all your money. No Repainting Repainting is definitely not done. After the symbols appear, the closing should be expected. Once the closing occurs, the symbol will now be permanent. Disclaimer This indicator is for informational purposes only and should be used for educational purposes only. You may lose money if you rely on this to trade without additional information. Use at your own risk. Version v1.0
Pine Script® göstergesi
KriptoSezonu tarafından
8
Footprint Chart by Th16rryDescription of the "Footprint Chart" Indicator This indicator is an approximation of a true **Footprint Chart** adapted for TradingView, which does not provide access to tick-by-tick data or detailed order book information. It relies on **heuristics** to estimate the distribution of volume between buyers and sellers for each candlestick. Key Features: - Estimation of Buy/Sell Volume: The indicator splits the total volume of a candlestick into two parts based on the candle's nature: - For a bullish candle (close > open), it assumes that **60% of the volume** is executed on the ask (buys) and **40% on the bid** (sells). - For a bearish candle (close < open), the estimation is reversed (40% buys, 60% sells). - For a neutral candle (close = open), the volume is evenly distributed at 50% for each side. - Calculation of a Simplified Delta: The delta is defined as the difference between the estimated buy volume and sell volume. This delta helps quickly identify the dominant market pressure—positive for buyer dominance and negative for seller dominance. - Visual Display: - A label is placed on each candlestick displaying the delta value, with a green background for a positive delta (indicating buying pressure) and red for a negative delta (indicating selling pressure). - A table in the top-right corner of the chart summarizes the estimated volumes for the current candle: buy volume, sell volume, and total volume. #### How to Use the Indicator: - Analyzing Buy/Sell Pressure: By observing the label's color and the delta value, a trader can quickly assess whether the market shows a dominant buying or selling pressure during a given candle. - Complementing Other Tools: This indicator can be used alongside other technical analysis tools, such as the Volume Profile or trend indicators, to gain a more comprehensive understanding of market behavior. - Supporting Decision Making: By providing a visual estimate of the volume distribution, it can help identify divergences between price movement and volume activity, which may signal potential reversals or confirm ongoing trends. Limitations: - Heuristic Approximation: The method of volume distribution is based on simple assumptions and does not reflect the actual order flow, which would require tick-by-tick data to be accurately represented. - Data Limitations on TradingView: Due to TradingView’s restrictions on accessing detailed order book data, this indicator can only approximate a Footprint Chart and does not replace specialized tools. In summary, the "Footprint Chart" indicator provides a visual and quick estimation of the volume distribution between buyers and sellers for each candlestick, offering valuable insights into order flow dynamics while remaining aware of its heuristic limitations.
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Th16rry tarafından
Directional Movement Index + Fisher Price Action With LabelsDIRECTIONAL MOVEMENT INDEX + FISHER PRICE ACTION WITH LABELS Directional Movement Index shows buy and sell pressure. Fisher transform shows price action trending bullish or bearish. Caution dots notify you of conflicting trends. ***HOW TO USE*** The top lines are the fisher transform showing you the price action trend. The bottom lines filled with color shows the DMI directional movement index. The yellow dots at the bottom tell you if these two indicators are currently giving conflicting signals. DMI If the green line is above the red line and the background is colored green, there is more market buying than selling. If the red line is above the green line and the background is colored red, there is more market selling than buying. FISHER TRANSFORM If the lines are painted green, the price action is trending up. If the lines are painted red, the price action is trending down. CAUTION DOTS If a yellow dot shows up at the bottom of the chart, it is notifying you that the DMI and Fisher Transform are currently giving opposite signals…. so use caution. ***BULLISH/BEARISH LABEL*** There is also a label on the right side that tells you whether there is more buying or selling. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current buy/sell pressure without having to look at the indicator data so you can make faster decisions on whether to enter or exit a trade. Green means more market buying than selling. Red means more market selling than buying. Blue means an equal amount of market buying and selling. If buying pressure is bullish but below the 20 level, a second label will show up in purple letting you know there is weak buying pressure so use caution. If selling pressure is bearish but below the 20 level, a second label will show up in purple letting you know there is weak selling pressure so use caution. There is a third label showing the current trend of the fisher transform. Green means bullish price action. Red means bearish price action. The fourth label is orange and only shows up when the DMI and Fisher Transform are currently giving opposite signals, so make sure you use caution during those times. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This directional movement index + fisher transform indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Volume Profile, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Directional Movement Index + Fisher Transform. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
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FriendOfTheTrend tarafından
4
Volume Profile With Buy & Sell Pressure LabelVOLUME PROFILE WITH BUY AND SELL PRESSURE LABEL This volume profile indicator shows volume traded for each bar and is colored according to the difference in buy and sell pressure(DMI). ***HOW TO USE*** If the bar and background is colored green, there is more market buying than selling on that bar. If the bar and background is colored red, there is more market selling than buying on that bar. If the bar and background is colored blue, there is an equal amount of market buying and selling on that bar. ***BUY/SELL LABEL*** There is also a label on the right side that tells you whether there is more buying or selling on the current bar. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current buy/sell pressure without having to look at the volume bars so you can make faster decisions on whether to enter or exit a trade. The table changes colors in sync with the volume bars and background. Green means more market buying than selling. Red means more market selling than buying. Blue means an equal amount of market buying and selling. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This volume profile indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, DMI, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Volume Profile. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
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FriendOfTheTrend tarafından
8
Price and Volume Divergence Analyzer How to Use the Indicator Main Purpose: Identify divergences between price movement, the volume line, and the weighted volume line to predict potential reversals. Volume Line Explanation: At zero: Equal buying and selling volume. At 1: Double the buying volume vs. selling. At -1: Double the selling volume vs. buying. Divergence: Price rising, volume line falling: Sellers offloading to buyers—likely reversal downward. Price falling, volume line rising: Buyers stepping in—likely reversal upward. Higher/Lower Volume Movement Line: At zero: Equal volume required for price movement. At 1: High efficiency—half the volume needed to move price. At -1: Low efficiency—double the volume needed to move price. Above volume line: Movement aligns with efficient volume. Below volume line: Inefficient price movement. Candle Fill Colors: Shaded based on whether the current close is higher or lower than the previous close. Settings Overview EMA Settings: Timeframe Selection: Use a lower timeframe than your chart for accuracy. Avoid selecting a timeframe higher than your chart. EMA Length Option: Default: Sets lengths automatically (EMA = 14, EMA of EMA = 3). User Input: Allows custom EMA length. Calculation Type: EMA: Standard exponential moving average. EMA of EMA: Applies EMA three times for smoother values. Volume Line Settings: Line Width: Adjust thickness. Colors: More Buying: Green (default). More Selling: Red (default). Higher/Lower Volume Movement Line: Line Width: Adjust thickness. Colors: Higher Volume Movement: Indicates higher volume required. Lower Volume Movement: Indicates lower volume required. Up/Down Candle Fill: Colors: Up Candle: Green (default). Down Candle: Red (default). Transparency: Adjust percentage for visibility. Balance Line Settings: Line Width and Color: Equilibrium line showing equal buying/selling volume at zero.
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Dean_Crypto tarafından
3