CandelaCharts - X Model

22. März

📝 Overview

The X Model Indicator is a sophisticated trading strategy designed to identify high-probability entry points for both long and short positions. It utilizes a combination of key market levels, price action patterns, and multi-timeframe analysis to generate precise signals.



The model offers tailored entry conditions for both long and short trades, ensuring optimized risk-reward setups.

📦 Features

• Previous Day High/Low (ERL): Resistance level from the previous day’s high/low.
  
• H1 Bullish/Bearish FVG (IRL): A Bullish Fair Value Gap (FVG) on the 1-hour chart indicating price target potential.
  
• m15 MSS / SMT: Market Structure Shift and Smart Money Technique on the 15-minute chart confirming the market's direction.
  
• Only Short/Long Above/Below 00:00: Triggers short positions only after midnight to avoid potential market noise from earlier sessions.
  

⚙️ Settings

Core

• Status: Filter models based on status
  
• Bias: Controls what model type will be displayed, bullish or bearish
  
• Fractal: Controls the timeframe pairing will be used
  
• Sweep: Shows the sweep that forms a model
  
• I-sweep: Controls the visibility of invalidated sweeps
  
• D-purge: Plots the double purge sweeps
  
• CISD: Displays the Change In State of Delivery for a model
  
• Labels: Adjust the HTF candle label size
  

History

• History: Controls the amount of past models displayed on the chart
  

HTF

• Candles: Controls the number of HTF candles that will be visible on the chart
  
• Open: Highlights with a line the open price of the current HTF candle
  
• Show True Day Open: Display True Day Open line
  
• Offset: Controls the distance of HTF from the current chart
  
• Space: Controls the space between HTF candles
  
• Size: Controls the size of HTF candles
  

LTF

• H/L Line: Displays on the LTF chart High and Low of each HTF candle
  
• O/C Line: Displays on the LTF chart Open and Close of each HTF candle
  

PD Arrays

• PD Array: Displays ICT PD Arrays
  
• CE Line: Style the equilibrium line of the PD Array
  
• Border: Style the border of the PD Array
  

Projections

• StDev: Controls standard deviation available levels
  
• Labels: Controls the size of standard deviation levels
  
• Anchor: Controls the anchor point of standard deviation levels (wick, body)
  
• Lines: Controls the line widths and color of standard deviation levels
  

Dashboard

• Panel: Display information about the current model
  

💡 Framework

The model incorporates multiple timeframe alignments for increased precision and reliability. The following timeframes are utilized for a comprehensive view of the market:

• 1m - 5m - 1H
  
• 2m - 15m - 4H
  
• 3m - 20m - 8H
  
• 5m - 30m - 12H
  
• 15m - 1H - 1D
  
• 1H - 4H - 1W
  
• 4H - 1D - 1M
  
• 1D - 1W - 3M
  
• 1W - 1M - 12M
  

These alignments ensure that the model captures both short-term price movements and longer-term trends, allowing for well-informed decision-making across various market conditions.



The X Model Indicator employs a precise set of conditions for both short and long entries, designed to capture optimal market opportunities based on key price levels, market imbalances, and institutional activity. These conditions combine multiple timeframes, price action patterns, and market sentiment to enhance the accuracy of entry signals.

Here's how each condition works:

Short Entry Conditions:

• Previous Day High (ERL): The previous day’s high acts as a significant resistance level for the market. A price rejection or failure to break above this level indicates a potential short opportunity, as the market may reverse or consolidate.
  
• H1 Bullish FVG (IRL): A Bullish Fair Value Gap (FVG) on the 1-hour chart highlights an area of price imbalance. This signals that the price may attempt to move back into this gap, providing a high-probability short entry if combined with other bearish signals.
  
• m15 MSS / SMT: On the 15-minute chart, the Momentum Shift (MSS) and Smart Money Tool (SMT) indicators are used to confirm market manipulation or shift in momentum. If these indicators show bearish market activity, they strengthen the case for a short position.
  
• Only Short Above 00:00: To avoid noise from earlier market sessions, the model only triggers short entries after midnight (00:00), ensuring that the trade occurs during a more stable, predictable phase of the trading day.
  

Long Entry Conditions:

• Previous Day Low (ERL): The previous day’s low serves as a support level, marking an area where the price is likely to bounce. If the price pulls back and tests this level, it suggests a high-probability long entry, especially when other indicators align.
  
• H1 Bearish FVG (IRL): A Bearish Fair Value Gap (FVG) on the 1-hour chart shows an imbalance to the downside, where the price may reverse and move upwards. This gap is often seen as an opportunity for the price to return to equilibrium, presenting a favorable long entry.
  
• m15 MSS / SMT: The Momentum Shift (MSS) and Smart Money Tool (SMT) on the 15-minute chart help identify the market’s true intentions. A shift towards bullish momentum or signs of smart money accumulation increases the likelihood of a successful long entry.
  
• Only Long Below 00:00: To focus on the market’s early session dynamics, the model only triggers long entries before midnight (00:00), capturing potential moves during quieter periods when the price can show clearer directional trends.
  

⚡️ Showcase

Introducing X Model is a powerful trading tool designed to elevate your market analysis and boost your trading success.

Bearish Model


Bullish Model


Unlock your full trading potential and experience the difference with X Model — your ultimate tool for smarter, more informed trading decisions.

🚨 Alerts

This script offers alert options for all model types. The alerts need to be setup manually from Tradingview.

Bearish Model

A bearish model alert is triggered when a model forms, signaling a high sweep on HTF and CISD on LTF.

Bullish Model

A bullish model alert is triggered when a model forms, signaling a low sweep on HTF and CISD on LTF.

⚠️ Disclaimer

These tools are exclusively available on the TradingView platform.

Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products.

By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable.

We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances.

By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.

23. März

Versionshinweise

CandelaCharts - X Model 1.0.1

• Enhance Dashboard
  

23. März

Versionshinweise

CandelaCharts - X Model 1.0.2

• Fix a visual bug
  

25. März

Versionshinweise

CandelaCharts - X Model 1.0.3

• Improve detection
  

2. Apr.

Versionshinweise

CandelaCharts - X Model 1.0.4

• Add support for dark mode
  

5. Apr.

Versionshinweise

CandelaCharts - X Model 1.0.5

• Assign a distinct label to each model (Current, History, and Realtime)
  
• Enhance and distinguish current models from real-time models.
  
• Bug fixing
  

5. Apr.

Versionshinweise

CandelaCharts - X Model 1.0.6

• Show the invalidated sweep for the real-time model that has been invalidated.