OPEN-SOURCE SCRIPT
Smart money concept
Aktualisiert
The indicator tracks the smallest movements of price action. It can monitor and analyze market context, attempting to identify trends within each time frame.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
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UpdateVersionshinweise
Update settingVersionshinweise
Introduce the "sweep" signal into the wave structure. In a downtrend, after the price has risen and a candle closes with a higher body than the previous one, forming a temporary bottom, and then the price continues to decrease but only the candle's wick breaks below the low, followed by an increase in price and candles with bodies breaking above the high of the downtrend, this creates a bottom sweep. In an uptrend, the opposite applies.Versionshinweise
Bug fixesVersionshinweise
Add the "imbalance zone," which is depicted as a blue box.Versionshinweise
Fixed bugs and added color options for ImbalanceVersionshinweise
Add notification function when the candle closes price forms a High, Low or when the candle's wick crosses the High or LowVersionshinweise
Add a red line to indicate it is a CHOCH signal and notify the CHOCH signalVersionshinweise
Add the Orders block shown by the green boxVersionshinweise
Updated top and bottom creation rulesVersionshinweise
Fixed code error in determining bos pointsVersionshinweise
Fixed error in determining top and bottom creation positionsVersionshinweise
Fix error in determining top and bottomVersionshinweise
Update CHoCH points (Change of Character)Versionshinweise
Fix the error of getting CHOCH position when there is a sweepVersionshinweise
Fix bugVersionshinweise
Update BOS position when candle wick breaks throughVersionshinweise
Fixed breakout position when there is sweep and BOS signalVersionshinweise
Update wave structure.ignore inside candles when confirming tops and bottoms
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Update structureVersionshinweise
fix Update wave structureVersionshinweise
update wave structureVersionshinweise
Update wave structureVersionshinweise
fix structure definition errorVersionshinweise
Fix bugVersionshinweise
Fix bugVersionshinweise
Hide test labelVersionshinweise
Updated colors for inside candles and outside barsOpen-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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