Futures Weekly Open RangeThe weekly opening range ( high to low ) is calculated from the open of the market on Sunday (1800 EST) till the opening of the Bond Market on Monday morning (0800 EST). This is the first and most crucial range for the trading week. As ICT has taught, price is moving through an algorithm and as such is fractal; because price is fractal, the opening range can be calculated and projected to help determine if price is trending or consolidating. As well; this indicator can be used to incorporate his PO3 concept to enter above the weekly opening range for shorts if bearish, or entering below the opening range for longs if bullish.
This indicator takes the high and low of weekly opening range, plots those two levels, plots the opening price for the new week, and calculates the Standard Deviations of the range and plots them both above and below of the weekly opening range. These are all plotted through the week until the start of the new week.
The range is calculated by subtracting the high from the low during the specified time.
The mid-point is half of that range added to the low.
The Standard deviation is multiples of the range (up to 10) added to the high and subtracted
from the low.
At this time the indicator will only plot the Standard deviation lines on the minutes time frame below 1 hour.
Only the range and range lines will be plotted on the hourly chart.
Komut dosyalarını "ict" için ara
Relative Equal Highs/LowsThis Pine script indicator is designed to create a visual representation of the relative equal highs & lows formed and automatically removed mitigated ones. Unlike indicators designed to show exact equal high/lows this indicator allows a small, configurable degree of variance between price to identify areas where price stops.
Relevance:
Relative Equal highs and lows can serve as valuable tools in identifying potential shifts in trend direction. They come into play when the price hits a support or resistance level and can’t advance further, signaling a possible reversal or pivot point. When the price sufficiently retreats from these levels, relative equal highs and lows can also indicate liquidity draws where buy/sell stops might be positioned, in accordance with SMC/ICT concepts.
How It Works:
The indicator tracks all unmitigated highs & lows within the chart’s present timeframe, limited to the user-defined max bars lookback for optimal performance. If the prices are within the configured variance they are marked as relatively equal and at that point are visually identified by a horizontal line, which connects the two (or more) points of price. Depending on configuration of the indicator, a line is rendered from the 1st, last or both values within the relatively equal range of price. A unique feature of this indicator is its ability to remove the line once the price mitigates the relative equal high/low by falling below the lows or rising above highs. This ensures the chart remains uncluttered and highlights only the currently relevant levels, setting it apart from other indicators providing similar functionality.
Configurability:
The indicator offers five style settings for complete customization of the lines that represent equal highs/lows. These settings include line style, color, and width, along with an option to extend the lines to the right of the chart for enhanced visibility of equal high/low levels. To optimize performance, the indicator allows users to configure the lookback length, determining how far back the price history should be examined. In most instances, the default setting of 500 bars proves more than adequate. Additionally, you can set thresholds via separate configs for stocks & indices that will determine if the price is relatively equal and lastly allow you to configure where the indicator line should be drawn, the first, last or all the values.
Additional notes:
This uses a different approach then my “equal highs/lows” indicator to identify price levels and because it focuses specifically on relative as opposed to exact values it is entirely different and may show “weaker”, but still important levels of liquidity. This indicator is more suited for analysis of stocks and indices or higher-timeframes where price-action rarely forms exact equal values instead more frequently forming almost equal values. My other indicator is more suited for smaller (15m or less) timeframe on indices where exact equal prices are often identical. Depending on situation different indicators should be used.
Fair Value Gaps Setup 01 [TradingFinder] FVG Absorption + CHoCH🔵 Introduction
🟣 Market Structures
Market structures exhibit a fractal and nested nature, which leads us to classify them into internal (minor) and external (major) categories. Definitions of market structure vary, with different methodologies such as Smart Money and ICT offering distinct interpretations.
To identify market structure, the initial step involves examining key highs and lows. An uptrend is characterized by successive highs and lows that are higher than their predecessors. Conversely, a downtrend is marked by successive lows and highs that are lower than their previous counterparts.
🟣 Market Trends and Movements
Market trends consist of two primary types of movements :
Impulsive Movements : These movements align with the main trend and are characterized by high strength and momentum.
Corrective Movements : These movements counter the main trend and are marked by lower strength and momentum.
🟣 Break of Structure (BOS)
In a downtrend, a Break of Structure (BOS) occurs when the price falls below the previous low and establishes a new low (LL). In an uptrend, a BOS, also known as a Market Structure Break (MSB), happens when the price rises above the last high.
To confirm a trend, at least one BOS is necessary, which requires the price to close at least one candle beyond the previous high or low.
🟣 Change of Character (CHOCH)
Change of Character (CHOCH) is a crucial concept in market structure analysis, indicating a shift in trend. A trend concludes with a CHOCH, also referred to as a Market Structure Shift (MSS).
For example, in a downtrend, the price continues to drop with BOS, showcasing the trend's strength. However, when the price rises and exceeds the last high, a CHOCH occurs, signaling a potential transition from a downtrend to an uptrend.
It is essential to note that a CHOCH does not immediately indicate a buy trade. Instead, it is prudent to wait for a BOS in the upward direction to confirm the uptrend. Unlike BOS, a CHOCH confirmation does not require a candle to close; merely breaking the previous high or low with the candle's wick is sufficient.
🟣 Spike | Inefficiency | Imbalance
All these terms mean fast price movement in the shortest possible time.
🟣 Fair Value Gap (FVG)
To pinpoint the "Fair Value Gap" (FVG) on a chart, a detailed candle-by-candle analysis is necessary. This process involves focusing on candles with substantial bodies and evaluating them in relation to the candles immediately before and after them.
Here are the steps :
Identify the Central Candle : Look for a candle with a large body.
Examine Adjacent Candles : The candles before and after this central candle should have long shadows, and their bodies must not overlap with the body of the central candle.
Determine the FVG Range : The distance between the shadows of the first and third candles defines the FVG range.
This method helps in accurately identifying the Fair Value Gap, which is crucial for understanding market inefficiencies and potential price movements.
🟣 Setup
This setup is based on Market Structure and FVG. After a change of character and the formation of FVG in the last lag of the price movement, we are looking for trading positions in the price pullback.
Bullish Setup :
Bearish Setup :
🔵 How to Use
After forming the setup, you can enter the trade using a pending order or after receiving confirmation. To increase the probability of success, you can adjust the pivot period market structure settings or modify the market movement coefficient in the formation leg of the FVG.
Bullish Setup :
Bearish Setup :
🔵 Setting
Pivot Period of Market Structure Detector :
This parameter allows you to configure the zigzag period based on pivots. Adjusting this helps in accurately detecting order blocks.
Show major Bullish ChoCh Lines :
You can toggle the visibility of the Demand Main Zone and "ChoCh" Origin, and customize their color as needed.
Show major Bearish ChoCh Lines :
Similar to the Demand Main Zone, you can control the visibility and color of the Supply Main Zone and "ChoCh" Origin.
FVG Detector Multiplier Factor :
This feature lets you adjust the size of the moves forming the Fair Value Gaps (FVGs) using the Average True Range (ATR). The default value is 1, suitable for identifying most setups. Adjust this value based on the specific symbol and market for optimal results.
FVG Validity Period :
This parameter defines the validity period of an FVG in terms of the number of candles. By default, an FVG remains valid for up to 15 candles, but you can adjust this period as needed.
Mitigation Level FVG :
This setting establishes the basic level of an FVG. When the price reaches this level, the FVG is considered mitigated.
Level in Low-Risk Zone :
This feature aims to reduce risk by dividing the FVG into two equal areas: "Premium" (upper area) and "Discount" (lower area). For lower risk, ensure that "Demand FVG" is in the "Discount" area and "Supply FVG" in the "Premium" area. This feature is off by default.
Show or Hide :
Given the potential abundance of setups, displaying all on the chart can be overwhelming. By default, only the last setup is shown, but you can enable the option to view all setups.
Alert Settings :
On / Off : Toggle alerts on or off.
Message Frequency : Determine how often alerts are triggered.
Options include :
"All" (alerts every time the function is called)
"Once Per Bar" (alerts only on the first call within the bar)
"Once Per Bar Close" (alerts only at the last script execution of the real-time bar upon closing)
The default setting is "Once Per Bar".
Show Alert Time by Time Zone : Set the alert time based on your preferred time zone, such as "UTC-4" for New York time. The default is "UTC".
Display More Info : Optionally show additional details like the price range of the order blocks and the date, hour, and minute in the alert message. Set this to "Off" if you prefer not to receive this information.
MTF OB Supply Demand ZonesHello everyone,
This exceptional indicator provides you with visual representations of bullish and bearish order blocks or supply and demand zones across multiple timeframes. In simple terms, bullish order blocks are represented by a small red candle followed by a large red candle, while bearish order blocks are depicted as a small green candle followed by a large red candle. Supply and demand zones are drawn by using order blocks.
Features:
Display order blocks from up to three different timeframes.
Customize the maximum number of boxes shown and the colors of the zones.
Choose from three different modes: OB (Order Block), Extended OB, and Supply/Demand.
Mode Descriptions:
OB: Includes the body of the candle.
Extended OB: Encompasses the body and wick of the candle.
Supply/Demand: Covers the body, wick, and half the body of the large candle.
Usage:
Ensure that charts 2 and 3 are set to a higher timeframe. For modes 2 and 3, it’s recommended to reduce the maximum number of boxes shown. The zones or boxes are transparent, allowing for overlap. This feature aids in identifying reversal zones or confirmed zones. The more intense the color, the stronger the confirmation. If a green zone overlaps a red zone (or vice versa), it signifies a reversal zone.
Thank you for checking out this indicator!
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Additional Information:
Order blocks refer to specific price areas where large market participants, such as institutional traders, have previously placed significant buy or sell orders. These clusters of orders can impact price movement, liquidity, and market sentiment.
Order blocks are a strategic approach to identifying key levels of support and resistance based on the behavior of institutional traders. These key levels are then utilized as entry or exit points for trades.
An order block is an area where there has been a large concentration of limit orders awaiting execution. These blocks are identified on a chart by observing previous price action and pinpointing areas where the price experienced significant movement or abrupt changes in direction.
Order blocks are used in the following popular trading philosophies:
Smart Money Concepts (SMC)
Inner Circle Trading (ICT)
Price Action
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Credits to: @AGFXTRADING
Liquidity Finder🔵 Introduction
The concept of "liquidity pool" or simply "liquidity" in technical analysis price action refers to areas on the price chart where stop losses accumulate, and the market, by reaching those areas and collecting liquidity (Stop Hunt), provides the necessary energy to move the price. This concept is prominent in the "ICT" and "Smart Money" styles. Imagine, as depicted below, the price is at a support level. The general trader mentality is that there is "demand" for the asset at this price level, and this demand will outweigh "supply" as before. So, it is likely that the price will increase. As a result, they start buying and place their stop loss below the support area.
Stop Hunt areas are essentially traders' "stop loss" levels. These are the liquidity that institutional and large traders need to fill their orders. Consequently, they penetrate the price below support areas or above resistance areas to touch their stop loss and fill their orders, and then the price trend reverses.
Cash zones are generally located under "Swings Low" and above "Swings High." More specifically, they can be categorized as support levels or resistance levels, above Double Top and Triple Top patterns, below Double Bottom and Triple Bottom patterns, above Bearish Trend lines, and below Bullish Trend lines.
Double Top and Triple Top :
Double Bottom and Triple Bottom :
Bullish Trend line and Bearish Trend line :
🔵 How to Use
To optimally use this indicator, you can adjust the settings according to the symbol, time frame, and your needs. These settings include the "sensitivity" of the "liquidity finder" function and the swing periods related to static and dynamic liquidity lines.
"Statics Liquidity Line Sensitivity" is a number between 0 and 0.4. Increasing this number decreases the sensitivity of the "Statics Liquidity Line Detection" function and increases the number of lines identified. The default value is 0.3.
"Dynamics Liquidity Line Sensitivity" is a number between 0.4 and 1.95. Increasing this number increases the sensitivity of the "Dynamics Liquidity Line Detection" function and decreases the number of lines identified. The default value is 1.
"Statics Period Pivot" is set to 8 by default. By changing this number, you can specify the period for the static liquidity line pivots.
"Dynamics Period Pivot" is set to 3 by default. By changing this number, you can specify the period for the dynamic liquidity line pivots.
🔵 Settings
Access to adjust the inputs of Static Dynamic Liquidity Line Sensitivity, Dynamics Liquidity Line Sensitivity, Statics Period Pivot, and Dynamics Period Pivot is possible from this section.
Additionally, you can enable or disable liquidity lines as needed using the buttons for "Show Statics High Liquidity Line," "Show Statics Low Liquidity Line," "Show Dynamics High Liquidity Line," and "Show Dynamics Low Liquidity Line."
[TTM] HTF Candle Overlay (Power of 3)🌟 Overview 🌟
Introducing the all-new Higher Timeframe Candle Overlay indicator, crafted from the foundational principles of AMD (Accumulation, Manipulation, and Distribution) and PO3 (Power of 3). Elevate your trading strategy with this innovative tool, designed to provide deeper insights into market dynamics.
Explore ICT's resources for detailed insights on leveraging this in your trading strategy.
🌟 Features 🌟
Display up to 20 historical candles from any timeframe higher than the current chart's timeframe.
Auto Timeframe feature dynamically sets the higher timeframe based on the current chart's timeframe. For instance, on a 15-minute chart, you can display 1-hour candles, and on a 1-hour chart, you can display 4-hour candles, eliminating the need to update the timeframe settings manually.
Load multiple instances of the indicator with different timeframes (e.g., 4H and Daily, as shown in the preview image).
Option to Show/Hide Candle open line.
Option to Show/Hide Candle Timeframe.
Option to Show/Hide each candle's time/day.
🌟 Coming Soon 🌟
Fair value gaps highlighted on HTF overlay candles.
Happy Trading!
TheTickMagnet
Inversion Fair Value Gaps (IFVG) [LuxAlgo]The Inversion Fair Value Gaps (IFVG) indicator is based on the inversion FVG concept by ICT and provides support and resistance zones based on mitigated Fair Value Gaps (FVGs).
🔶 USAGE
Once mitigation of an FVG occurs, we detect the zone as an "Inverted FVG". This would now be looked upon for potential support or resistance.
Mitigation occurs when the price closes above or below the FVG area in the opposite direction of its bias.
Inverted Bullish FVGs Turn into Potential Zones of Resistance.
Inverted Bearish FVGs Turn into Potential Zones of Support.
After the FVG has been mitigated, returning an inversion FVG, a signal is displayed each time the price retests an IFVG zone and breaks below or above (depending on the direction of the FVG).
Keep in mind how IFVGs are calculated and displayed. Once price mitigates an IFVG, all associated graphical elements such as areas, lines, and signals will be deleted.
This indicator is not meant to be just a 'signal indicator'. Backtesting historical signals is incorrect as it does not consider the mitigation of IFVGs, which is a standard method for trading IFVGs & various concepts by ICT.
The signals displayed are meant for real-time analysis of current bars for discretionary analysis. Current confirmed retests of unmitigated IFVGs are still displayed to show which IFVGS have had significant reactions.
🔶 SETTINGS
Show Last: Specifies the number of most recent FVG Inversions to display in Bullish/Bearish pairs, starting at the current and looking back. Max 100 Pairs.
Signal Preference: Allows the user to choose to send signals based on the (Wicks) or (Close) Prices. This can be changed based on user preference.
ATR Multiplier: Filters FVGs based on ATR Width, The script will only detect Inversions that are greater than the ATR * ATR Width.
🔶 ALERTS
This script includes alert options for all signals.
🔹 Bearish Signal
A bearish signal occurs when the price returns to a bearish inversion zone and rejects to the downside.
🔹 Bullish Signal
A bullish signal occurs when the price returns to a bullish inversion zone and bounces out of the top.
itradesize /\ Silver Bullet x Macro x KillzoneThis indicator shows the best way to annotate ICT Killzones, Silver Bullet and Macro times on the chart. With the help of a new pane, it will not distract your chart and will not cause any distractions to your eye, or brain but you can see when will they happen.
The indicator also draws everything beforehand when a proper new day starts.
You can customize them how you want to show up.
Collapsed or full view?
You can hide any of them and keep only the ones you would like to.
All the colors can be customized, texts & sizes or just use shortened texts and you are also able to hide those drawings which are older than the actual day.
You should minimize the pane where the script has been automatically drawn to therefore you will have the best experience and not show any distractions.
The script automatically shows the time-based boxes, based on the New York timezone.
Killzone Time windows ( for indices ):
London KZ 02:00 - 05:00
New York AM KZ 07:00 - 10:00
New York PM KZ 13:30 - 16:00
Silver Bullet times:
03:00 - 04:00
10:00 - 11:00
14:00 - 15:00
Macro times:
02:33 - 03:00
04:03 - 04:30
08:50 - 0910
09:50 - 10:10
10:50 - 11:10
11:50 - 12:50
j trader ModelAn indicator designed to trade indices using the jtrader model and ICT concepts.
jtrader Model:
Below are the key points to trade this model:
Power of 3 is the key element of this model.
Accumulation during pre NY open.NY Open represents 9:30am opening of NY Stock Exchange.
Manipulation(JUDA) immediately after NY open. Juda is a manipulated move by the indices after the session open.
Distribution as a reversal with BOS ,Heatmap preferably during Macros. Distribution is market phase where it moves towards its original expansion during macros. Macros are 20 minute time windows where indices give moves with strong force. Heatmap represent kis point of interests for the trade.
Indicator Features:
Creates a complete window of trading with key elements needed to trade The jtrader Model.
Identify and marks key points of interests (POIs).
Identify and highlights key swing points of Sessions, Days, Weeks, True open etc.
Highlights the NY Open.
Highlights the Macros.
Indicator Settings:
Enable/Disable any POI marking.
Adjust session time ranges.
Adjust enabling of model poi marking time window.
Choose color of choice for highlighting the POI.
Enable/Disable Macros.
This indicator will gradually updated with new features to trade the jtrader model. Your feedback will help us improve and enhance this indicator.
itradesize /\ Previous HTF x OHLC Box
FYI: It is an invite-only script, if you are interested in, please scroll down to see the Author's instructions.
Introducing an indicator which inspired by ICT concepts that use a model, based on what TTrades teaches in some of his DOL videos about how to get a proper bias.
Having a daily bias can be frustrating and this script could make it easy for you besides creating a ton of opportunities for scalpers as well as not only helpful for a daily bias, it can also help you to determine the actual H4 or H1 bias or even lower.
Always keep in mind: the higher the timeframe you use, the more accurate it can be.
You can use OHLC to determine the current or higher time frame bias as it can be used on any of them and properly gain a sentiment of a drawn of liquidity.
This model integrates the previous candle's open, high, low, and close values (or open, low, high close) in addition to their equilibrium to make it easier to identify where the price should go moreover they can be used as reference points for potential trading opportunities.
The 50% also known as equilibrium creates premium and discount zones within the previous candles. Using the former higher timeframe candle’s OHLC you can simply have an external range of liquidity and where the current price should it drawn to.
With this tool, you can achieve a proper trading framework as you can easily recognize the external & internal range of liquidity, so whether you are a scalper or a day trader you are able to rely on the indicator.
A bit of a candlestick analysis:
When the price wicks below means a potential bullish reversal is incoming.
When the price wicks above, then it means a potential bearish reversal is happening.
Closing below means lower prices. (Bearish trend)
Closing above means higher prices. (Bullish trend)
This indicator is an absolute monster for the OHLC guys.
How to use it?
- Analyse the trend on the higher timeframe, bullish trend is when the price continuously takes the previous candle’s high over and over again. Bearish trend is the total opposite.
- Wait for external liquidity to be taken.
- When it's happening there should be a displacement back to the range with an actual structure shift.
- Looking for an imbalance in the displacement.
- Aiming for an imbalance that is above 50% of the former move.
- Aggressive stop: below or above the candle which has an imbalance
- Conservative stop: below or above the former swing
Classic sell setup:
Classic buy setup:
The indicator has a ton of customizable features, the power of the tool is really in there, as you can find or refine your own model with it. Once you're familiar with your setup you will be really feeling the power of the tool, I promise.
Indicator Features:
• M5/M15/H1/H4/D Time frames
• OHLC bar with an offset (you can have a look at the current HTF bar developing or you can use it as a locked previous bar)
• Current time frame OHLC / OLHC box with extended lines to the current time
• Showing the previous time frame OHLC / OLHC box with extended lines and the ability to add labels. The color of the OHLC or OLHC box is based on the candle closing. If it's a bear candle, if it's a bull candle.
• Previous high time frame open / close lines with labels, customisable colours, label sizes
• It has a lot of customisable features, the power of the tool is really in there as you can find or refine your own model with it.
• Every box and bar automatically switches its colors based on the close of the candle whether it's a bear or a bull candle.
• The color of the labels is switching automatically based on the coloring of your chart.
• You can customize each and every box color - OHLC/OLHC based on your taste, and the open and closing lines of the previous HTF.
Additional Information:
You can combine it with my own model. If you are not familiar with it, you can find here .
Or you can combine it with other frameworks for extra confluences like combining it with Daye’s QT in some simple equation:
Open → Q1 , High → Q2, Low → Q3, Close → Q4
Open → Q1, Low → Q2, High → Q3, Close → Q4
3GBH - ICT NY SessionThis indicator is meant to help those using ICT's methodology.
This script simply highlights the NY session with green and red zones.
The red zone can help to indicate periods you do not want to trade, for example, NY lunch session.
Timings and colors and customizable with an easy user interface.
Daye Quarterly Theory by toodegrees> Introduction and Acknowledgements
The Daye Quarterly Theory° tool encompasses the cyclical Time aspect of the markets as studied and developed by Daye (traderdaye on Twitter).
I am not the creator of this Theory, and I do not hold the answers to all the questions you may have; I suggest you to study it from Daye's tweets and material.
I collaborated directly with Daye to bring a comprehensive Time tool to Tradingview.
S/O to @a1tmaniac and @joshuuu for their previous works on this Theory.
> Tool Description
This is purely a graphical aid for traders to be able to quickly determine Daye's Quarterly Cycles, and save Time while on the charts.
The disruptive value of this tool is that it reliably plots forwards in Time, allowing you to strategize and tape read efficiently; as well as calculating all the Cycles, from Micro Sessions, to the Year.
> Quarterly Theory by Daye
The underlying idea is that Time is to be divided in Quarters for correct interpretation of Market Cycles. The specific starting point of a Cycle will depend on the Timeframe at hand.
Daye being one of the most prominent Inner Circle Trader students, these ideas stem from ICT's concepts themselves, and are to be used hand in hand (PD Array Matrix, PO3, Institutional Price Levels, ...).
These Quarters represent:
A - Accumulation (required for a cycle to occur)
M - Manipulation
D - Distribution
X - Reversal/Continuation
The latter are going to always be in this specific sequence; however the cycle can be transposed to have its beginning in X, trivially followed by A, M, and finally D.
This feature is not automatic and at the subjective discretion of the Analyst.
Note: this theory has been developed on Futures, hence its validity and reliability may change depending on the market Time.
This tool does provide a dynamic and auto-adapting aspect to different market types and Times, however they must be seen as experimental.
> Quarterly Cycles
The Quarterly Cycles currently supported are: Yearly, Monthly, Weekly, Daily, 90 Minute, Micro Sessions.
– Yearly Cycle:
Analogously to financial quarters, the year is divided in four sections of three months each
Q1 - January, February, March
Q2 - April, May, June (True Open, April Open)
Q3 - July, August, September
Q4 - October, November, December
Note: this Cycle is the most difficult to optimize as Timeframes become more granular due to the sheer length of its duration. With Time and advancements it will become more accurate. This is the only Cycle for which accuracy is not 100%.
– Monthly Cycle:
Considering that we have four weeks in a month, we start the cycle on the first month’s Monday (regardless of the calendar Day).
Q1 - Week 1, first Monday of the month
Q2 - Week 2, second Monday of the month (True Open, Daily Candle Open Price)
Q3 - Week 3, third Monday of the month
Q4 - Week 4, fourth Monday of the month
– Weekly Cycle:
Daye determined that although the trading week is composed by 5 trading days, we should ignore Friday, and the small portion of Sunday’s price action.
Q1 - Monday
Q2 - Tuesday (True Open, Daily Candle Open Price)
Q3 - Wednesday
Q4 - Thursday
– Daily Cycle:
The Day can be broken down into 6H quarters. These Times roughly define the sessions of the Trading Day, reinforcing the Theory’s validity.
Q1 - 18:00 - 00:00, Asian Session
Q2 - 00:00 - 06:00, London Session (True Open, Midnight New York Time)
Q3 - 06:00 - 12:00, NY Session
Q4 - 12:00 - 18:00, PM Session
Note: these Times are based on Futures Trading in New York Time, these will vary depending on the market type (experimental).
– 90 Minute Cycle:
Merely dividing one of the Daily Cycle’s Quarters we obtain 90 minute quarters. The first one in a Trading Day – 90min Cycles of the Asian Session – follows as an example, in New York Time.
Q1 - 18:00 - 19:30
Q2 - 19:30 - 21:00 (True Open)
Q3 - 21:00 - 22:30
Q4 - 22:30 - 00:00
– Micro Cycle:
Lastly, dividing a 90 Minute Cycle yields 22.5 Minute Quarters, known as Micro Sessions. An example breaking down the 90 Minute Cycle from 18:00 to 19:30 follows.
Q1 - 18:00 - 18:22:30
Q2 - 18:22:30 - 18:45 (True Open)
Q3 - 18:45 - 19:07:30
Q4 - 19:07:30 - 19:30
Note: trivially, these may not be exact unless the Timeframe is in the seconds, to correctly account for the half minute in each quarter – this said the tool is able to plot these anyways, although slight inaccuracy needs to be taken account depending on the Timeframe.
It is important to remember and be aware that the current chart’s Timeframe will heavily impact the plotted Time Cycles. This tool is in its initial form and it will be improved and adapted as traders start using it on a daily basis.
> Tool Settings
Plot Settings:
"Plot Type" will allow you to decide how the Cycles will be displayed. Out of the box the tool will be plotted on a separate pane, at the bottom of the chart; you can decide the orientation of the cycles from longest cycle at the bottom (Bottom Pane), or top (Top Pane). Alternatively you can move the tool to the chart and have the cycles plot on price (Move To -> Existing Pane Above), specifically above price (Top), or below (Bottom). The cycles will auto adjust their position based on the visible price action.
"Historical Cycles" will show previous Historical Cycles, up to where available in terms of script memory.
"Plot Size" will allow you to vary the height of the Cycle’s boxes
"Show Labels" will give you an auto-adapting legend which will help you determine which Cycle is which if you get lost.
The remaining Settings are self explanatory, allowing you to change colors, and choose which Cycles to see.
The source of the code is hidden due to the use of private libraries of mine. Happy to answer any questions in terms of code, where I will not be able to divulge any detail that concerns said libraries. Thank you for understanding!
Major thanks to Daye for his Time and Knowledge, it was a pleasure to collaborate and work together on this tool.
GLGT!
first fvg @joshuuuThis indicator was created to display and alert the user for the first Fair Value Gap (FVG) of up to three trading sessions.
Bullish FVG occurs when the high of the first candle is lower than the low of the third candle, resulting in a price gap between them.
Conversely, a Bearish FVG takes place when the low of the first candle is higher than the high of the third candle, leading to a gap between these prices.
ICT emphasizes on three crucial timeframes: 3-4 am NY, 10-11 am NY, and 2-3 pm NY, collectively referred to as the 'silver bullet' times. The very first FVG formed during these periods can significantly impact the remainder of that trading session.
Building upon these concepts, CasperSMC developed a strategy involving buying/selling the very first FVG and placing a stop order just above/below the candle responsible for creating the FVG.
The strategy aims for a consistent 2-to-1 Reward-to-Risk ratio (2RR).
This indicator serves to support the strategy by not only displaying those fvgs but also sending alerts, reducing the need for constant screen monitoring.
daily bias @ttrades x joshuuuDaily bias is one of the most powerful tools when it comes to intraday trading.
Ttrades published a youtube video, in which he showcases his mechanical way of determing the daily bias based on ICTs and the MMXM Traders Teachings.
This indicator is based on those concepts.
The rules for this indicator are simple.
scenario 1 - first line of table
Close above previous days high gives a bullish bias.
Close below previous days low gives a bearish bias.
scenario 2 - second line of the table
Wick below previous days low and close within previous days body or above gives a bullish bias.
Wick above previous days high and close within previous days body or below gives a bearish bias.
"Bullish" bias is valid until previous daily high (pdh) is reached.
"Bearish" bias is valid until previous daily low (pdl) is reached.
If none of the above mentioned conditions is met OR the target (pdh/pdl) is reached, the bias is set to "Neutral".
On the daily timeframe, probabilities are visible on the table to reach pdh when the bias is "Bullish" or to reach pdl when the bias is "Bearish".
If the bias is bullish, the ideal buy would be below ny midnights opening price.
If the bias is bearish, the ideal sell would be above the ny midnights opening price.
Range Deviations @joshuuuThis indicator is able to show ranges, the equlibrium (50%) and range deviations.
It has four pre-defined options and one custom version.
Asia (2000-0000) ny time
CBDR(1400-2000) ny time
Flout(1400-0000) ny time
ONS (OverNightSession)(0400-0800) chicago time
Custom (you can choose the times)
ICT (Inner Circle Traders) teaches, that those range deviations of asia,cbdr,flout can be used to find the daily high/low.
TCM (The Currency Merchant) teaches, that a move out of the range often is a false move to trap traders into the wrong direction.
Market Structure & Price Action Toolkit (Expo)█ Overview
This comprehensive Market Structure and Price Action toolkit integrates pioneering price action concepts, including fractal-based market structure, grid-price action system, retail and institutional levels/zones, liquidity concepts, and a plethora of advanced customization options to give you a trading advantage via price action automatically. Different from traditional technical indicators, which can be lagging, complex, and cluttered, this indicator focuses solely on raw price data to deliver accurate and real-time insights. All the features in this script originate exclusively from price action, concentrating on fractals-based swing highs, swing lows, and market structure. This enables users to automate their price action analysis across any market or timeframe.
The toolkit focuses on the real-time application of price data rather than historical data to ensure its usefulness for price action and smart money (ICT) traders. With this indicator, users can automate their price action analysis across various markets and timeframes, gaining a significant edge in their trading strategies.
█ Features and How They Work
█ Trading Systems
Market Structure:
Market Structure deals with the interpretation of price action that forms the market structure, focusing on understanding key shifts and changes in the market that may indicate where 'smart money' (large institutional investors and professional traders) might be moving in the market. This feature is based on real-time fractals instead of static pivot points. Fractals are based on the idea that markets are patterned, and those patterns repeat themselves on all scales – hence, the term "fractal", which means "fraction of the whole". The function uses fractal zones that refer to areas where the price is likely to experience a change in direction. These zones are identified by observing a series of fractal points.
Grid:
The grid system works similarly to the market structure but displays the data as a grid of support and resistance zones. This is a new and unique approach to understanding market structure. It might be a more convenient way for traders to understand how to act.
█ Retail Zones
Support/Resistance:
Support and Resistance zone are often seen and displayed with a delay. This feature is 100% real-time and displays SR levels as the price reacts and forms new highs and lows.
Confirmed Support/Resistance:
As the name suggests, the confirmed zone is first displayed on the chart when the price has reacted to a high/low formation over x period of time. This feature is handy to trade retest after breakouts of the zone.
We wanted to keep the retail zones simple regarding how they work and function to help all kinds of traders understand how to use them.
█ Institutional Zones
Supply/Demand:
Calculating supply and demand in its raw form is challenging due to the complexity and dynamism of financial markets. However, the function uses several concepts to gauge supply and demand levels.
Buying and Selling pressure: The buying pressure represents the highest price point (over x period and volume), while the selling pressure price represents the lowest price point (over x period and volume). The gap between the two is known as the buying/selling pressure spread. A narrow spread often signifies high liquidity and balanced supply and demand, while a wider spread might indicate imbalances.
Price Trends: Upward price movements indicate higher demand, while downward trends may suggest increased supply.
Order blocks:
Order blocks are similar to supply/demand, and the main difference is that an order block is created at specific price action and market structure patterns.
█ How to use the Market Structure Toolkit
Market Structure
Market Structure + Confirmed S/R
Grid System
Demand Zone
Supply Zone
Order Block
Support/Resistance Zones
Confirmed Support/Resistance Zone
Retest of SR Levels
█ Why Use Price Action and Market Structure
A comprehensive trading strategy often involves using both price action and market structure. Traders can use price action to understand the immediate behavior of the price and market structure to understand the broader context within which the price is moving.
Market Structure combined with Price Action refers to the observable pattern of price movement. Traders use this structure to identify trend direction (up, down, or sideways), market phase (trend or range), and key price levels (like support and resistance).
Here are some core concepts within price action trading:
Trend Identification: This is a fundamental aspect of price action trading. By simply looking at the raw price data on a chart, traders can identify whether the instrument is in an uptrend (making higher highs and higher lows), a downtrend (making lower highs and lower lows), or ranging sideways.
Support and Resistance Levels: These are horizontal lines drawn on a chart where the price has historically had difficulty moving beyond. Support is a price level where buying pressure is strong enough to prevent the price from falling further, while resistance is a level where selling pressure is strong enough to prevent further price increases.
Candlestick Patterns: Price action traders rely heavily on candlestick patterns, which can provide a lot of information about market sentiment.
Chart Patterns: In addition to individual candlestick patterns, price action traders often look for larger chart patterns like double tops/bottoms, triangles, wedges, head and shoulders patterns, and more. These patterns can take longer to form but can also provide insight into potential price movement.
Price Zones: Rather than exact price levels, many price action traders consider zones of support and resistance, understanding that market behavior isn't always perfectly precise. A zone might cover a small range of prices at which the market has repeatedly reversed in the past.
The idea behind price action trading is that the price itself can provide clues to what the market might do next. Traders who follow this approach believe that price is the final determinant of value and contains all the information needed.
█ Any Alert Function Call
This function allows traders to combine any feature and create customized alerts. These alerts can be set for various conditions and customized according to the trader's strategy or preferences.
█ In conclusion, This toolkit is particularly useful for price action and smart money traders, as it prioritizes real-time application of price data, which in turn allows a more responsive and informed decision-making process in trading.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Correlation index and liquidityAn indicator with which you can easily compare any ticker with the ones offered.
You can choose any of the tags that are offered in the options
You can also create your own ticker if you select the Custom in Mode option.
If the comparison mode is enabled, the current ticker you are viewing is divided by the ticker selected in the indicator.
For example, if you have the EURUSD ticker open. And the EURUSD indicator is selected in the option in the indicator. Then you will get the EURUSD correlation index with other currency pairs that are correlated, for example GBPUSD+NZDUSD+AUDUSD. This means that you can now see the common index of those three pairs in relation to the EURUSD.
Custom index for major currency, example GBP have index of GBPUSD+GBPAUD+GBPJPY+GBPNZD+GBPCHF. This means that you can now see the common index of those pairs in relation to the GBP.
This script is unique because it requires the optimal combination of pairs needed for each pair specifically, which I came to during many years of studying the forex market so the source code of the script have to remain hidden.
If you are a beginerr, you can just apply simple trend-breakout strategy after you spot the divergence.
For advanced traders, you can use this together with ICT's and SMC concepts as a confirmation upon your entry.
Please comment if you like it!
CRYPTO DIVERGENCE FINDERThis indicator allows you to easily compare any ticker you're looking at with the ones I've found to work best over many years of studying the crypto market. For these reasons, the code of the script is hidden because that is exactly what makes it unique.
You can choose any cryptocurrency, but I recommend using only perpetuals on 'BINANCE' exchange.
If the comparison mode is enabled, the current ticker you are viewing is divided by the ticker selected in the indicator.
For example, if you are watching "SOLUSDT.P" you should open the settings of the indicator and write "SOLUSDT.P" in the ticker field. Then you will get the SOLUSDT.P correlation index with other crypto and currency pairs that are correlated (like I already said this is something that is product of many years of studying this market and this is exactly what is unique about the code so the source of the script have to stay protected).
If you are a beginer, you can just apply simple trend-breakout strategy after you spot the divergence.
For advanced traders, you can use this together with ICT's and SMC concepts as a confirmation upon your entry.
TGIF StatsTGIF - "Thank God it's Friday"
After a heavily bearish week (tuesday, wednesday and thursday) price sometimes looks for some retracement on fridays. Vice versa for bullish weeks.
This script shows how often that specific scenario happens and displays that data in a table.
The user has the option to input a starting year for the statistic and is able to filter between bearish or bullish weeks.
*disclaimer : if paired with a higher timeframe pd array taught by ICT the stats should be better, that's not included in the code though*
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Session Open PriceThis Indicator displays the ICT kill zones' open price
You will be able to see the following open prices (ALL TIMES ARE IN NEW YORK TIME)
All times and appearances are customisable to your own liking.
The default time setting is recommended
- 00:00 AM Midnight New York Open Price (RED DASH LINE)
- 2:00 AM Frankfurt Open Price (GREEN DASH LINE)
- 3:00 AM London Open Price (BLUE DASH LINE)
- 8:30 AM New York Open Price (ORANGE DASH LINE)
HOW TO USE SESSION OPEN PRICE IN YOUR TRADING
If the price is above the opening price you only look for sells whereas if the price is under the opening price you only look for buys
BUY EXAMPLE
Wait for Midnight New York and Frankfurt open price to display
The price must be under both prices
Look for a Market maker buy model or your own entry model
Stoploss will be at the swing low and Take profit can be a fixed RR or how you calculate your take profit level
FVG Sessions [LuxAlgo]The FVG Sessions indicator highlights the first fair value gap of the trading session as well as the session range. Detected fair value gaps extend to the end of the trading session.
Alerts are included on the formation of a session fair value gap, price being within a session fair value gap, mitigations, and price crossing session fair value gaps average.
🔶 USAGE
Trader ICT states that the first fair value gap of the trading session can attract the most significant reaction. Having only one FVG per session allows users to further focus on that precise imbalance as well as external elements.
The mitigation of a fair value gap is clearly indicated on the chart with a more transparent color allowing users to see inverse FVGs.
Extending the fair value gaps allows the imbalance area to provide potential support and resistance.
Do note that this script should be used on intraday charts.
🔶 ALERTS
The script includes the following alerts:
🔹 Bullish/Bearish FVG
Alerts on the formation of the first bullish or bearish FVG of the session.
🔹 Bullish/Bearish FVG Mitigation
Alerts when the first bullish or bearish FVG of the session is mitigated.
🔹 Price Within FVG
Alerts when price is within the first bullish or bearish FVG area of the session.
🔹 Price Cross FVG Average
Alerts when price cross the average level of the first bullish or bearish FVG of the session.
Breaker Blocks with Signals [LuxAlgo]The Breaker Blocks with Signals indicator aims to highlight a complete methodology based on breaker blocks. Breakout signals between the price and breaker blocks are highlighted and premium/discount swing levels are included to provide potential take profit/stop loss levels.
This script also includes alerts for each signal highlighted.
🔶 SETTINGS
🔹 Breaker Blocks
Length: Sensitivity of the detected swings used to construct breaker blocks. Higher values will return longer term breaker blocks.
Use only candle body: Only use the candle body when determining the maximum/minimum extremities of the order blocks.
Use 2 candles instead of 1: Use two candles to confirm the occurrence of a breaker block.
Stop at first break of center line: Do not highlight breakout signals after invalidation until reset.
🔹 PD Array
Only when E is in premium/discount zone: Only set breaker block if point E of wave ABCDE is within the corresponding zone.
Show premium discount zone: Show premium/discount zone.
Highlight Swing Break: Highlight occurrences of price breaking a previous swing level.
Show Swings/PD Arrays: Show swing levels/labels and pd areas.
🔶 USAGE
The Breaker Blocks with Signals indicator aims to provide users with a minimalistic display alongside optimal signals to be aware of for finding trade setups as shown below.
Here we can see a MSS occurred allowing the indicator to detect a Breaker Block (-BB) & display a red arrow to confirm this signal.
The signal(s) that can be used for potential entries are only during retests of the breaker blocks.
A potential strategy traders could use with this indicator is to target the corresponding Discount PD Arrays detected (for a short position) and Premium PD Arrays (for a long position).
In the image above we can see price generated the potential entry signals in orange & fell to the Discount PD Arrays as a logical setup to look for with this indicator.
As we can see in the image above, signals can be considered invalid when price closes above the 50% level in which it would be suggested to wait for another setup.
Users still looking for more potential setups based on the same breaker block can disable the "Stop at first break of center line" setting within the settings menu.
In the image above we can see a bullish example whereas price confirmed a bullish breaker block (+BB), had a quick pullback into it that was confirmed by the green arrow, and then reached the Premium PD Arrays.
While retests of breaker blocks can still function well if they occur later in the price action, it's most preferable for users to look for entry signals that are near confirmed breaker blocks (5-10 bars) opposed to waiting 20+ bars.
Additional take profits based on the occurence of the breaker blocks are given in order to provide targets after the occurence of a breaker block breakout.
🔶 DETAILS
Breaker blocks are formed after a mitigated order block, these can provide change of polarity opportunities, thus playing a role as a potential support/resistance. It is the re-test/retrace of price to a breaker block that will set the conditions to provide signals.
The above chart describes the creation of a breaker block.
The signal generation logic makes use of various rules described below:
Bullish Breaker Blocks:
opening price is within the breaker block, while the closing price is above the upper extremity of the breaker block.
Price did not cross the breaker block average in the interval since the previous breakout.
Bearish Breaker Blocks:
opening price is within the breaker block, while the closing price is below the lower extremity of the breaker block.
Price did not cross the breaker block average in the interval since the previous breakout.
When a new pattern is formed, all previous drawings are removed.
🔶 RELATED SCRIPTS
Killzones @joshuuuThis Indicator is based on "ICT Killzones" - sessions in which price moves the "cleanest" and usually has the most volume.
The script is able to either display Killzones as a Label above current bars, or in form of lines on top or bottom of the charts.
Also, the user is able to choose between Forex Killzones and Indices Killzones.
times for killzones:
Forex
-London 0200-0500
-NY 0700-1000
Indices
-London 0200-0500
-NY AM 0830-1100
-NY PM 1330-1600
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
