Order Blocks & Breaker Blocks [TradingFinder] Signals + Alerts🔵 Introduction
Order Block and Breaker Block, are powerful tools in technical analysis. By understanding these concepts, traders can enhance their ability to predict potential price reversals and continuations, leading to more effective trading strategies.
Using historical price action, volume analysis, and candlestick patterns, traders can identify key areas where institutional activities influence market movements.
🟣 Demand Order Block and Supply Breaker Block
Demand Order Block : A Demand Order Block is formed when the price succeeds in breaking the previous high pivot.
Supply Breaker Block : A Supply Breaker Block is formed when the price succeeds in breaking the Demand Order Block. As a result, the Order Block changes its role and turns from the role of price support to resistance.
🟣 Supply Order Block and Demand Breaker Block
Supply Order Block : A Supply Order Block is formed when the price succeeds in breaking the previous low pivot.
Demand Breaker Block : A Demand Breaker Block is formed when the price succeeds in breaking the Supply Order Block. As a result, the Order Block changes its role and turns from the role of price resistance to support.
🔵 How to Use
🟣 Order Blocks (Supply and Demand)
Order blocks are zones where the likelihood of a price reversal is higher. In demand zones, buying opportunities arise, while in supply zones, selling opportunities can be explored.
The "Refinement" feature allows you to adjust the width of the order block to fit your trading strategy. There are two modes in the "Order Block Refine" feature: "Aggressive" and "Defensive." The primary difference between these modes is the width of the order block.
For risk-averse traders, the "Defensive" mode is ideal as it offers a lower loss limit and a higher reward-to-risk ratio.
Conversely, for traders who are willing to take more risks, the "Aggressive" mode is more suitable. This mode, with its wider order block width, caters to those who prefer entering trades at higher prices.
🟣 Breaker Blocks (Supply and Demand)
Trading based on breaker blocks is the same as order blocks and the price in these zones is likely to be reversed.
🔵 Setting
🟣 Global Setting
Pivot Period of Order Blocks Detector : Enter the desired pivot period to identify the Order Block.
Order Block Validity Period (Bar) : You can specify the maximum time the Order Block remains valid based on the number of candles from the origin.
Mitigation Level Order Block : Determining the basic level of a Order Block. When the price hits the basic level, the Order Block due to mitigation.
Mitigation Level Breaker Block : Determining the basic level of a Breaker Block. When the price hits the basic level, the Breaker Block due to mitigation.
Switching Colors Theme Mode : Three modes "Off", "Light" and "Dark" are included in this parameter. "Light" mode is for color adjustment for use in "Light Mode".
"Dark" mode is for color adjustment for use in "Dark Mode" and "Off" mode turns off the color adjustment function and the input color to the function is the same as the output color.
🟣 Order Block Display
Show All Order Block : If it is turned off, only the last Order Block will be displayed.
Demand Main Order Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
Supply Main Order Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
🟣 Breaker Block Display
Show All Breaker Block : If it is turned off, only the last Breaker Block will be displayed.
Demand Main Breaker Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
Supply Main Breaker Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
🟣 Order Block Refinement
Refine Order Blocks : Enable or disable the refinement feature. Mode selection.
🟣 Alert
Alert Name : The name of the alert you receive.
Alert Demand OB Mitigation :
On / Off
Alert Demand BB Mitigation :
On / Off
Alert Supply OB Mitigation :
On / Off
Alert Supply BB Mitigation :
On / Off
Message Frequency :
This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call 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 :
The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Display More Info :
Displays information about the price range of the order blocks (Zone Price) and the date, hour, and minute under "Display More Info".
If you do not want this information to appear in the received message along with the alert, you should set it to "Off".
Smartmoneyconcepts
ICT Single Candle Order Block (SCOB) [UAlgo]The "ICT Single Candle Order Block (SCOB) " designed for traders who utilize the concept of Order Blocks in their trading strategy. Order Blocks are significant price levels where institutions or smart money have placed their trades, leading to potential future price reactions when these levels are revisited. This indicator focuses on identifying and highlighting Single Candle Order Blocks (SCOBs), allowing traders to visually analyze key price levels on their charts.
🔶 What is Single Candle Order Block (SCOB) ?
A Single Candle Order Block (SCOB) is a specific type of Order Block that is identified based on a single candlestick pattern. These patterns indicate potential areas where significant buying or selling interest has occurred, often leading to a notable price reaction when revisited. In the context of this indicator, a bullish SCOB is identified when a specific bullish candlestick pattern is met, and a bearish SCOB is identified based on a bearish candlestick pattern.
Bullish SCOB: Detected when the open price of two bars ago is higher than its close, the close price of the previous bar is higher than its open, the current close price is higher than the open, the low of the previous bar is lower than the low of two bars ago, and the current close is higher than the high of the previous bar.
Bearish SCOB: Detected when the open price of two bars ago is lower than its close, the close price of the previous bar is lower than its open, the current close price is lower than the open, the high of the previous bar is higher than the high of two bars ago, and the current close is lower than the low of the previous bar.
🔶 Key Features
Show Single Candle Order Block (SCOB): Toggle the visibility of the Single Candle Order Blocks on the chart.
Mitigation Method: Choose between "Close" and "Wick" methods for determining whether a SCOB has been mitigated (price has interacted with the block).
Show Last X SCOBs: Control the number of most recent SCOBs displayed on the chart, allowing you to focus on the most relevant price levels.
Volatility Filter: Enable or disable the volatility filter, which uses the Average True Range (ATR) to filter out less significant SCOBs. When enabled, only SCOBs with an ATR above the mean value of the ATR are displayed.
Customizable Colors: Configure the colors for bullish and bearish SCOBs to enhance visual clarity. The indicator uses cooler RGB values to ensure the blocks are distinct and easily noticeable.
🔶 Disclaimer
The "ICT Single Candle Order Block (SCOB) " indicator is provided for educational and informational purposes only. Trading involves significant risk and may not be suitable for all investors.
Past performance is not indicative of future results. Users should use this indicator in conjunction with their own research and trading strategy.
SMC Community [algoat] — Smart Money ConceptsEmpower your trading with the core principles of the Smart Money Concepts through interactive features and highly customizable settings.
The indicator's strength lies in the unique SMC Core algorithm, a calculation based on real price action data, capturing every tick from small intraday fluctuations to significant high timeframe movements.
algoat SMC Core is our continually evolving, specialized structure mapping algorithm, serving as the backbone of our price action related publications.
⭐ Key Features
Swing Market Structure: Change of Character, Break of Structure
Recognize and visualize real-time market structures with swing elements. Identify and mark key structural changes in the market to visually highlight shifts in market trends and patterns. This feature is designed to alert you to significant changes in the market's behavior, signaling a potential shift from accumulation to distribution phases, or vice versa. It helps traders adapt their strategies based on evolving market dynamics.
Order Flow: Structure Fractal
Connect the successive structural high and low levels, visualizing the intricate flow of market movements. This feature highlights fractal structures within the market, enabling traders to detect significant price action patterns.
Structure Range: Determine Discount, Premium, and Equilibrium Zones
This feature provides a unique way of visualizing price areas where a security could be overbought or oversold (premium or discount zones) and where the price is expected to be fair and balanced (equilibrium zone). Distance from the current price is displayed in percentage terms, which can assist traders with crucial data for risk management and strategic planning. The Range function helps you identify the most favorable price zones for entries and set your stop-loss and take-profit levels more accurately.
Liquidity Grabs: Reveal Hidden Manipulation Attempts
Identify uncovered market areas where high liquidity trading may take place. Liquidity Grabs help track "smart money" footprints by identifying levels where large institutional traders may have induced liquidity traps. Understanding these traps can aid in avoiding false market moves and optimizing trade entries.
Institutional Interest Zones: Order Blocks and Fair Value Gaps
Uncover areas where bigger orders may be lined up. Reveal zones of interest ordered by volume strength. Receive warnings about market price imbalances.
▸ Order Blocks pinpoint crucial zones where large institutional investors ("smart money") have shown strong buying or selling interest recently. These blocks can serve as a tool for identifying key areas for potential trade entries or exits.
▸ Fair Value Gaps detect discrepancies between the perceived market value and the actual market price, revealing potential areas for price correction. With its mitigation settings, you can fine-tune the FVG detection according to the magnitude of value misalignment you consider significant.
Mitigation types dictate how price interacts with a zone, with order blocks requiring a close through (indicating stronger price movement) and fair value gaps requiring a wick through (hinting at weak rejection).
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⭐ Why SMC?
In the ever-evolving trading landscape, mainstream methods and strategies can quickly become outdated as they are widely adopted. Liquidity is constantly sought after, and the best source for this is exploring and exploiting trading strategies that are widely accepted and applied. Currently, one of these strategies is the SMC (Supply, Demand, and Price Action).
It's no coincidence that our educational materials incorporate concepts such as liquidity grabs (LG) and Smart Money Traps (SMT). As the application of SMC gains popularity among retail traders, trading with this approach becomes more challenging. Therefore, the recent focus has been on reforming the SMC methodology, as it is the only method that relies on real price movements and will always work when applied correctly.
The indicator reflects our personal use and deep comprehension of Smart Money Concepts. It provides streamlined tools for tracking algorithmic trends with modern visualizations, without unnecessary clutter.
▸ What does the proper application of SMC entail?
Many SMC traders associate their key areas of interest with the market structure, which is generally considered acceptable. However, depending solely on a single foundation can lead to significant deviations, which may cause notable impacts on trading results. Moreover, if the basis for the market structure calculation is inaccurate, the consequences can be even more severe. It's akin to risking money on a lottery ticket, believing it will be a winner.
Our methodology is different, and it may ensure longevity in the financial markets. The structure remains crucial, but it is not the sole foundation of everything; instead, it serves as a validation tool. Each calculation, such as order blocks (OB), Fair Value Gaps (FVG), liquidity grabs (LG), range analysis, and more, is independent and unique, separate from the structure. However, validation must ultimately come from the structure itself.
We employ individual and high-quality filters: before a function calculation is validated by the structure, it must undergo rigorous testing based on its own set of validation conditions. This approach aims to enhance robustness and accuracy, providing traders with a reliable framework for making informed trading decisions.
▸ An example of structure validation: Order Block with "Swing Sensitivity"
These order blocks will only be displayed and utilized by the script if there is a swing structure validation with a valid break. In other words, the presence of a confirmed swing Change of Character (ChoCh) or Break of Structure (BoS) is essential for the Order Block to be considered valid and relevant.
This approach ensures that the order blocks are aligned with the overall market structure and are not based on isolated or unreliable price movements. Whether it's Fair Value Gaps (FVG), Liquidity Grabs (LG), Range calculations, or other functionalities, the same underlying principle holds true. The background structure calculation serves as a validation mechanism for the data and insights generated by these functions, ensuring they adhere to the specific criteria and rules established within our methodology. By incorporating this robust validation process, traders can have confidence in the reliability and accuracy of the information provided by the indicator, allowing them to make informed trading decisions based on validated data and analysis.
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👉 Usage - the general approach
Determine your trading style and build your basic strategy:
The indicator helps you understand your trading style, whether it's swing trading, scalping or another approach. By analyzing the SMC indicator, you gain valuable information about potential market trends, entry and exit points, and overall market sentiment.
Steps:
Identify Trading Style: Determine whether you are a swing trader, scalper, or long-term investor. This will influence how you use the indicator.
Analyze Market Trends: Use the SMC indicator to observe market trends and identify potential entry and exit points.
Adapt Strategies: Adjust your strategies based on the market dynamics revealed by the SMC indicator, such as changes in order flow or market structure.
👉 Example of usage
In the following chart, you'll notice how we've utilized the indicator to formulate a strategic trading approach. We've employed Order Blocks equipped with volume parameters to identify crucial market zones. Simultaneously, we've leveraged swing/internal market structures to gain insights into potential long- and short-term market turnarounds. Lastly, we've examined trend line liquidity zones to pinpoint probable impulses and breakouts within ongoing trends.
Now we can see how the price descended to the order block with the highest volume, which we had previously marked as our point of interest for an entry. As the price closed below the median Order Block, we noted its mitigation. After an internal CHoCH, it's directing us towards the main Order Block as a target.
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🧠 General advice
Trading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. By integrating multiple analytical approaches, traders can tailor their strategies to fit their unique trading styles and objectives.
Confirming signals with other indicators
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators
Integrate this indicator with other technical indicators to develop a comprehensive trading strategy and provide additional confirmation.
Conduct Thorough Research and Backtesting
Ensure a solid understanding of the indicator and its behavior through thorough research and backtesting before making trading decisions. Consider incorporating fundamental analysis and market sentiment into your trading approach.
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⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. A word to the wise is enough: developed by traders, for traders — pioneering innovations for the modern era.
Risk Notice
Everything provided by algoat — from scripts, tools, and articles to educational materials — is intended solely for educational and informational purposes. Past performance does not assure future returns.
Smart Money Concept [TradingFinder] Major OB + FVG + Liquidity🔵 Introduction
"Smart Money" refers to funds under the control of institutional investors, central banks, funds, market makers, and other financial entities. Ordinary people recognize investments made by those who have a deep understanding of market performance and possess information typically inaccessible to regular investors as "Smart Money".
Consequently, when market movements often diverge from expectations, traders identify the footprints of smart money. For example, when a classic pattern forms in the market, traders take short positions. However, the market might move upward instead. They attribute this contradiction to smart money and seek to capitalize on such inconsistencies in their trades.
The "Smart Money Concept" (SMC) is one of the primary styles of technical analysis that falls under the subset of "Price Action". Price action encompasses various subcategories, with one of the most significant being "Supply and Demand", in which SMC is categorized.
The SMC method aims to identify trading opportunities by emphasizing the impact of large traders (Smart Money) on the market, offering specific patterns, techniques, and trading strategies.
🟣 Key Terms of Smart Money Concept (SMC)
• Market Structure (Trend)
• Change of Character (ChoCh)
• Break of Structure (BoS)
• Order Blocks (Supply and Demand)
• Imbalance (IMB)
• Inefficiency (IFC)
• Fair Value Gap (FVG)
• Liquidity
• Premium and Discount
🔵 How Does the "Smart Money Concept Indicator" Work?
🟣 Market Structure
a. Accumulation
b. Market-Up
c. Distribution
d. Market-Down
a) Accumulation Phase : During the accumulation period, typically following a downtrend, smart money enters the market without significantly affecting the pricing trend.
b) Market-Up Phase : In this phase, the price of an asset moves upward from the accumulation range and begins to rise. Usually, the buying by retail investors is the main driver of this trend, and due to positive market sentiment, it continues.
c) Distribution Phase : The distribution phase, unlike the accumulation stage, occurs after an uptrend. In this phase, smart money attempts to exit the market without causing significant price fluctuations.
d) Market-Down Phase : In this stage, the price of an asset moves downward from the distribution phase, initiating a prolonged downtrend. Smart money liquidates all its positions by creating selling pressure, trapping latecomer investors.
The result of these four phases in the market becomes the market trend.
Types of Trends in Financial Markets :
a. Up-Trend
b. Down Trend
c. Range (No Trend)
a) Up-Trend : The market breaks consecutive highs.
b) Down Trend : The market breaks consecutive lows.
c) No Trend or Range : The market oscillates within a range without breaking either highs or lows.
🟣 Change of Character (ChoCh)
The "ChoCh" or "Change of Character" pattern indicates an initial change in order flow in financial markets. This structural change occurs when a major pivot in the opposite direction of the market trend fails. It signals a potential change in the market trend and can serve as a signal for short-term or long-term trend changes in a trading symbol.
🟣 Break of Structure (BoS)
The "BoS" or "Break of Structure" pattern indicates the continuation of the trend in financial markets. This structure forms when, in an uptrend, the price breaks its ceiling or, in a downtrend, the price breaks its floor.
🟣 Order Blocks (Supply and Demand)
Order blocks consist of supply and demand areas where the likelihood of price reversal is higher. There are six order blocks in this indicator, categorized based on their origin and formation reasons.
a. Demand Main Zone, "ChoCh" Origin.
b. Demand Sub Zone, "ChoCh" Origin.
c. Demand All Zone, "BoS" Origin.
d. Supply Main Zone, "ChoCh" Origin.
e. Supply Sub Zone, "ChoCh" Origin.
f. Supply All Zone, "BoS" Origin.
🟣 FVG | Inefficiency | Imbalance
These three terms are almost synonymous. They describe the presence of gaps between consecutive candle shadows. This inefficiency occurs when the market moves rapidly. Primarily, imbalances and these rapid movements stem from the entry of smart money and the imbalance between buyer and seller power. Therefore, identifying these movements is crucial for traders.
These areas are significant because prices often return to fill these gaps or even before they occur to fill price gaps.
🟣 Liquidity
Liquidity zones are areas where there is a likelihood of congestion of stop-loss orders. Liquidity is considered the driving force of the entire market, and market makers may manipulate the market using these zones. However, in many cases, this does not happen because there is insufficient liquidity in some areas.
Types of Liquidity in Financial Markets :
a. Trend Lines
b. Double Tops | Double Bottoms
c. Triple Tops | Triple Bottoms
d. Support Lines | Resistance Lines
All four types of liquidity in this indicator are automatically identified.
🟣 Premium and Discount
Premium and discount zones can assist traders in making better decisions. For instance, they may sell positions in expensive ranges and buy in cheaper ranges. The closer the price is to the major resistance, the more expensive it is, and the closer it is to the major support, the cheaper it is.
🔵 How to Use
🟣 Change of Character (ChoCh) and Break of Structure (BoS)
This indicator detects "ChoCh" and "BoS" in both Minor and Major states. You can turn on the display of these lines by referring to the last part of the settings.
🟣 Order Blocks (Supply and Demand)
Order blocks are Zones where the probability of price reversal is higher. In demand Zones you can buy opportunities and in supply Zones you can check sell opportunities.
The "Refinement" feature allows you to adjust the width of the order block according to your strategy. There are two modes, "Aggressive" and "Defensive," in the "Order Block Refine". The difference between "Aggressive" and "Defensive" lies in the width of the order block.
For risk-averse traders, the "Defensive" mode is suitable as it provides a lower loss limit and a greater reward-to-risk ratio. For risk-taking traders, the "Aggressive" mode is more appropriate. These traders prefer to enter trades at higher prices, and this mode, which has a wider order block width, is more suitable for this group of individuals.
🟣 Fair Value Gap (FVG) | Imbalance (IMB) | Inefficiency (IFC)
In order to identify the "fair value gap" on the chart, it must be analyzed candle by candle. In this process, it is important to pay attention to candles with a large size, and a candle and a candle should be examined before that.
Candles before and after this central candle should have long shadows and their bodies should not overlap with the central candle body. The distance between the shadows of the first and third candles is known as the FVG range.
These areas work in two ways :
• Supply and demand area : In this case, the price reacts to these areas and the trend is reversed.
• Liquidity zone : In this scenario, the price "fills" the zone and then reaches the order block.
Important note : In most cases, the FVG zone of very small width acts as a supply and demand zone, while the zone of significant width acts as a liquidity zone and absorbs price.
When the FVG filter is activated, the FVG regions are filtered based on the specified algorithm.
FVG filter types include the following :
1. Very Aggressive Mode : In addition to the initial condition, an additional condition is considered. For bullish FVG, the maximum price of the last candle must be greater than the maximum price of the middle candle.
Similarly, for a bearish FVG, the minimum price of the last candle must be lower than the minimum price of the middle candle. This mode removes the minimum number of FVGs.
2. Aggressive : In addition to the very aggressive condition, the size of the middle candle is also considered. The size of the center candle should not be small and therefore more FVGs are removed in this case.
3. Defensive : In addition to the conditions of the very aggressive mode, this mode also considers the size of the middle pile, which should be relatively large and make up the majority of the body.
Also, to identify bullish FVGs, the second and third candles must be positive, while for bearish FVGs, the second and third candles must be negative. This mode filters out a significant number of FVGs and keeps only those of good quality.
4. Very Defensive : In addition to the conditions of the defensive mode, in this mode the first and third candles should not be very small-bodied doji candles. This mode filters out most FVGs and only the best quality ones remain.
🟣 Liquidity
These levels are where traders intend to exit their trades. "Market makers" or smart money usually accumulate or distribute their trading positions near these levels, where many retail traders have placed their "stop loss" orders. When liquidity is collected from these losses, the price often reverses.
A "Stop hunt" is a move designed to offset liquidity generated by established stop losses. Banks often use major news events to trigger stop hunts and capture liquidity released into the market. For example, if they intend to execute heavy buy orders, they encourage others to sell through stop-hots.
Consequently, if there is liquidity in the market before reaching the order block area, the validity of that order block is higher. Conversely, if the liquidity is close to the order block, that is, the price reaches the order block before reaching the liquidity limit, the validity of that order block is lower.
🟣 Alert
With the new alert functionality in this indicator, you won't miss any important trading signals. Alerts are activated when the price hits the last order block.
1. It is possible to set alerts for each "symbol" and "time frame". The system will automatically detect both and include them in the warning message.
2. Each alert provides the exact date and time it was triggered. This helps you measure the timeliness of the signal and evaluate its relevance.
3. Alerts include target order block price ranges. The "Proximal" level represents the initial price level strike, while the "Distal" level represents the maximum price gap in the block. These details are included in the warning message.
4. You can customize the alert name through the "Alert Name" entry.
5. Create custom messages for "long" and "short" alerts to be sent with notifications.
🔵 Setting
a. Pivot Period of Order Blocks Detector :
Using this parameter, you can set the zigzag period that is formed based on the pivots.
b. Order Blocks Validity Period (Bar) :
You can set the validity period of each Order Block based on the number of candles that have passed since the origin of the Order Block.
c. Demand Main Zone, "ChoCh" Origin :
You can control the display or not display as well as the color of Demand Main Zone, "ChoCh" Origin.
d. Demand Sub Zone, "ChoCh" Origin :
You can control the display or not display as well as the color of Demand Sub Zone, "ChoCh" Origin.
e. Demand All Zone, "BoS" Origin :
You can control the display or not display as well as the color of Demand All Zone, "BoS" Origin.
f. Supply Main Zone, "ChoCh" Origin :
You can control the display or not display as well as the color of Supply Main Zone, "ChoCh" Origin.
g. Supply Sub Zone, "ChoCh" Origin :
You can control the display or not display as well as the color of Supply Sub Zone, "ChoCh" Origin.
h. Supply All Zone, "BoS" Origin :
You can control the display or not display as well as the color of Supply All Zone, "BoS" Origin.
i. Refine Demand Main : You can choose to be refined or not and also the type of refining.
j. Refine Demand Sub : You can choose to be refined or not and also the type of refining.
k. Refine Demand BoS : You can choose to be refined or not and also the type of refining.
l. Refine Supply Main : You can choose to be refined or not and also the type of refining.
m. Refine Supply Sub : You can choose to be refined or not and also the type of refining.
n. Refine Supply BoS : You can choose to be refined or not and also the type of refining.
o. Show Demand FVG : You can choose to show or not show Demand FVG.
p. Show Supply FVG : You can choose to show or not show Supply FVG
q. FVG Filter : You can choose whether FVG is filtered or not. Also specify the type of filter you want to use.
r. Show Statics High Liquidity Line : Show or not show Statics High Liquidity Line.
s. Show Statics Low Liquidity Line : Show or not show Statics Low Liquidity Line.
t. Show Dynamics High Liquidity Line : Show or not show Dynamics High Liquidity Line.
u. Show Dynamics Low Liquidity Line : Show or not show Dynamics Low Liquidity Line.
v. Statics Period Pivot :
Using this parameter, you can set the Swing period that is formed based on Static Liquidity Lines.
w. Dynamics Period Pivot :
Using this parameter, you can set the Swing period that is formed based Dynamics Liquidity Lines.
x. 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.
y. 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.
z. Alerts Name : You can customize the alert name using this input and set it to your desired name.
aa. Alert Demand Main Mitigation :
If you want to receive the alert about Demand Main 's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
bb. Alert Demand Sub Mitigation :
If you want to receive the alert about Demand Sub's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
cc. Alert Demand BoS Mitigation :
If you want to receive the alert about Demand BoS's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
dd. Alert Supply Main Mitigation :
If you want to receive the alert about Supply Main's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
ee. Alert Supply Sub Mitigation :
If you want to receive the alert about Supply Sub's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
ff. Alert Supply BoS Mitigation :
If you want to receive the alert about Supply BoS's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
gg. Message Frequency :
This parameter, represented as a string, determines the frequency of announcements. Options include: 'All' (triggers the alert every time the function is called), 'Once Per Bar' (triggers the alert only on the first call within the bar), and 'Once Per Bar Close' (activates the alert only during the final script execution of the real-time bar upon closure). The default setting is 'Once per Bar'.
hh. Show Alert time by Time Zone :
The date, hour, and minute displayed in alert messages can be configured to reflect any chosen time zone. For instance, if you prefer London time, you should input 'UTC+1'. By default, this input is configured to the 'UTC' time zone.
ii. Display More Info : The 'Display More Info' option provides details regarding the price range of the order blocks (Zone Price), along with the date, hour, and minute. If you prefer not to include this information in the alert message, you should set it to 'Off'.
You also have access to display or not to display, choose the Style and Color of all the lines below :
a. Major Bullish "BoS" Lines
b. Major Bearish "BoS" Lines
c. Minor Bullish "BoS" Lines
d. Minor Bearish "BoS" Lines
e. Major Bullish "ChoCh" Lines
f. Major Bearish "ChoCh" Lines
g. Minor Bullish "ChoCh" Lines
h. Minor Bearish "ChoCh" Lines
i. Last Major Support Line
j. Last Major Resistance Line
k. Last Minor Support Line
l. Last Minor Resistance Line
Mxwll Price Action Suite [Mxwll]Introducing the Mxwll Price Action Suite!
The Mxwll Price Action Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Introducing the Mxwll SMC Suite!
The Mxwll SMC Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Expanded Features of Mxwll Price Action Suite
Internal and External Structures
Internal Structures: These elements refer to the price formations and patterns that occur within a smaller scope or a specific trading session. The suite can detect intricate details like minor support/resistance levels or short-term trend reversals.
External Structures: These involve larger, more significant market patterns and trends spanning multiple sessions or time frames. This capability helps traders understand overarching market directions.
Customizable Sensitivities
Adjusting sensitivity settings allows users to tailor the indicator's responsiveness to market changes. Higher sensitivity can catch smaller fluctuations, while lower sensitivity might focus on more significant, reliable market moves.
Break of Structure (BoS) and Change of Character (CHoCH)
BoS: This feature identifies points where the price breaks a significant structure, potentially indicating a new trend or a trend reversal.
CHoCH: Detects subtle shifts in the market's behavior, which could suggest the early stages of a trend change before they become apparent to the broader market.
Order Blocks and Market Phases
Order Blocks: These are essentially price levels or zones where significant trading activities previously occurred, likely pointing to the positions of smart money.
HH/LH/LL/LH Areas: Identifying Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Lower Highs (LH) helps in understanding the trend and market structure, aiding in predictive analysis.
Rolling Timeframe Highs/Lows and Volume Comparisons
Tracks highs and lows over specified rolling periods, providing dynamic support and resistance levels.
Compares volume data across different timeframes to assess the strength or weakness of the current price movements.
Auto Fibonacci Levels
Automatically calculates and plots Fibonacci retracement levels, a popular tool among traders to identify potential reversal points based on past movements.
Session Data and Volume Intensity
Session Information: Displays current and upcoming trading sessions along with countdown timers, which is crucial for day traders and those trading on session overlaps.
Volume Intensity: Measures and compares the volume within the last 4 hours and 24 hours to gauge market activity and potential breakout/breakdown movements.
Visualizations and Practical Use
Dynamic Visuals: The suite provides dynamic visual aids, such as real-time updating of high/low markers and Fibonacci levels, which adjust as new data comes in. This feature is critical in fast-paced markets.
Strategic Entry/Exit Points: By identifying order blocks and using Fibonacci levels, traders can pinpoint strategic entry and exit points, maximizing potential returns.
Risk Management: Enhanced features like session countdowns and volume intensity help in better risk management by providing traders with more data on market sentiment and potential volatility.
True SMCThe True SMC Indicator is specifically designed for structure mapping and the identification of high-probability Order Blocks. Excelling in distinctly recognising four types of Order Blocks, it provides traders with a direct and efficient method to dissect market movements and identify strategic entry points with precision
🔶 Understanding Structure Mapping
This indicator introduces a unique approach to analysing market structure, focusing on liquidity, which is termed 'Inducement'. Inducement is crucial for identifying key structural markers in the market, such as Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH).
Inducement acts like a trap set near a supply or demand zone. It entices impatient buyers or sellers into the market before the actual zone is reached, thereby creating liquidity. For an inducement to be considered valid, it must represent a valid pullback.
A valid scenario occurs when the price sweeps or closes beyond the high or low of the previous candle; in this case, the candle's color, whether bullish or bearish, is not relevant, and both scenarios are considered valid. Inside bars are ignored as they do not meet this criterion. The indicator assists in this process by automatically highlighting valid pullbacks with a distinctive gray round label.
This feature is not just a visual aid but also a crucial tool in effortlessly understanding market movements, providing a clear visual representation of ongoing market trends.
🔶 Understanding How Order Block is working
Our indicator incorporates four distinct types of Order Blocks, each designed for specific roles in market analysis. Among these, the **OB-IDM** and **OB-EXT** are regarded as high-probability Order Blocks, and our primary focus is on these two for market entry.
IDM Order Block (OB-IDM): IDM Order block (OB-IDM) is basically the first Order Block that shows up after the IDM level is passed. Think of it as the closest OB you find below the current IDM.
Extreme Order Block (OB-EXT): OB-EXT is the first and lowest Order Block that you'll find between a Major Low and a Major High.
Single Candle Order Block (SCOB): Single candle mitigation is very Powerful way to add multiple entries in you're winning trades.
Smart Money Trap (SMT): The SMT consists of all the Order Blocks that lie between the Extreme and OB-IDM. It acts as a cautionary signal, indicating potential traps for Smart Money Concept traders. It is essential to recognize that the SMT does not provide additional confirmation for trading. Instead, it highlights areas where traders should exercise extra caution. Trading decisions should be based on clear confirmations, such as inducements or liquidity sweeps, rather than solely on the SMT.
🔶 How to Use the True SMC Indicator:
The True SMC Indicator is designed to enhance your trading strategy by identifying key order blocks and market signals. Below is a guide on how to utilize the various elements of the True SMC Indicator:
OB IDM (Order Block Inducement):
Usage : This is a decisional order block crucial for identifying trade entries. It is particularly effective for pinpointing potential reversal zones.
Alerts: Setting up alerts on OB IDM is recommended to be notified when the price reaches this critical area, thus facilitating prompt and informed trading decisions.
OB-EXT (Extreme Order Block):
Usage : OB-EXT serves as an extreme and high-probability order block for trade entries, ideal for identifying strategic entry points at potential reversal points.
Alerts: Activating alerts on OB-EXT will keep you informed about price approaches, aiding in the preparation of your trade setups.
SCOB (Single Candle Order Block):
Usage : SCOB is ideal for scaling into a position. It should be employed for adding to positions when the market reacts to OB IDM or OB-EXT, indicating a potential reversal.
SMT (Smart Money Trap):
Usage Caution: The SMT should be approached with caution as it represents a potential trap. It is advised to avoid trading directly at SMT zones. Instead, use these zones to gauge market sentiment and make informed decisions.
This structured approach to using the True SMC Indicator will help you in making more precise and strategic trading decisions, enhancing your overall market analysis.
🔶 Example of usage:
Market Structure Diagram
This diagram illustrates the key structural markers in the market such as Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH). It provides a visual guide to understanding the underlying market structure.
Example from a Real Chart: This chart is a prime example of how our indicator is used to dissect and highlight market structure in a live trading environment. It vividly demonstrates the 'Inducement' concept in action, pinpointing key structural points like HH, HL, LL, and LH in real-time market trends.
Valid Pullback
Illustration of a Valid Pullback: This image showcases a typical scenario where the price sweeps beyond the previous candle's high or low, marking a valid pullback. Notice the distinctive gray round label indicating the point of inducement.
IDM Order Block (OB-IDM)
This diagram illustrates the IDM Order Block (OB-IDM), highlighting its position as the first OB following the IDM level. It represents the nearest OB below the current IDM level.
IDM Order Block in Action This real chart example showcases the OB-IDM in a live market scenario, demonstrating how it appears and functions in practical trading.
Extreme Order Block (OB-EXT)
The diagram depicts the OB-EXT, which is identified as the first and lowest Order Block between a Major Low and a Major High.
OB-EXT in Real Market: This chart example highlights the OB-EXT, showing its position and significance in market analysis between major market points.
Single Candle Order Block (SCOB)
The accompanying chart demonstrates the SCOB in a live trading environment, illustrating its effectiveness in trade optimization.
Smart Money Trap (SMT)
This real chart provides insight into how the SMT is used in actual trading, marking areas for increased caution and illustrating its role in a comprehensive trading strategy.
🔶 Additional Features
Easy-to-Follow Trend Display : The script employs a Color Coded candle system, simplifying trend recognition.
Any Alert function call = It can be configured for a range of trading events, allowing you to stay informed about key market movements. In the settings, you can choose to enable or disable alerts for events such as BOS Sweep, CHock, CHock Sweep, IDM, IDM Sweep, OB IDM, OB EXT, and PDH/PDL.
Automatic resolving of ChoCh-IDM and IDM-BoS conflicts = The indicator is equipped to automatically resolve conflicts that arise between ChoCh-IDM and IDM-BoS. It intelligently identifies situations where there might be an IDM instead of a ChoCh, or a BoS instead of an IDM, ensuring accurate readings and analysis.
Anywhere Structure Mapping : The tool simplifies market analysis by enabling you to draw structures from any chosen moment. Simply adjust the slider to your desired point and instantly trade based on the internal structure revealed. This feature offers an intuitive and efficient way to understand and navigate market dynamics.
🔶 Conclusion
The True SMC Indicator distinguishes itself from other market analysis tools through its specialised focus on structure mapping and high-probability Order Blocks. Unlike generic indicators, it expertly identifies and categorizes four distinct types of Order Blocks, including IDM and Extreme Order Blocks, which are crucial for high-accuracy trade entries. Its unique approach in analysing market structure centers on 'Inducement,' a key concept for pinpointing vital market structural markers. This feature, combined with its ability to alert traders to both promising entry points and potential Smart Money Traps, equips users with a comprehensive tool for a nuanced understanding of market dynamics and strategic trade execution. Such targeted capabilities make the True SMC Indicator an invaluable asset for traders seeking precision and efficiency in their market analysis.
Jemmy Trade Whales Multiple Signal Options - Nine in One $$$This script is a combination of several indicators and trading strategies.
Let's break down each part:
1. MACD Indicator (My MACD Indicator – Nabil's Version): This calculates the Moving Average Convergence Divergence (MACD) using Heikin Ashi candles. It uses Exponential Moving Averages (EMA) to compute the fast and slow lengths and then calculates the MACD line, signal line, and histogram based on the difference between these EMAs.
2. Smoothed Moving Average (SMMA): This calculates a smoothed moving average using a user-defined length.
3. Least Squares Moving Average (LSMA): This calculates a least squares moving average using a user-defined length.
4. High Low SAR - Nabil's Version: This section calculates various levels based on SAR (Stop and Reverse) indicator. It also plots lines based on certain conditions and includes SAR lines with specific properties.
5. Volume-Weighted Hull Moving Average (VHMA) - Nabil's Version: This calculates a volume-weighted Hull moving average.
6. SAR (Stop and Reverse): This calculates the SAR indicator with user-defined parameters.
7. Mean Reversion Strategy: This part calculates upper and lower bands based on a multiplier of Standard Deviation from a mean. It also generates buy and sell signals based on crossing these bands.
8. SSL Hybrid - Nabil's Version: This calculates various indicators like SSL (Stochastic Scaled Levels), ATR (Average True Range) bands, and Keltner Channels. It also plots buy and sell signals based on certain conditions.
9. Buy Signal Options: This section defines several conditions for generating buy signals based on different combinations of indicators and plots corresponding buy signals.
Each section seems to be relatively independent and focused on calculating specific indicators or trading strategies. The script combines these components to provide a comprehensive trading setup with various buy signal options based on user preferences.
BUY SIGNALS EXPLAINATION:
1. MAIN - Price: This signal triggers when the current candle's close price crosses above the lookback average line (lookbackavg). It indicates a bullish momentum when the price moves above the average line.
2. MAIN - Price - SMMA - LSMA / Crossing: This signal combines multiple conditions:
• The current candle's close price crosses above the lookback average line.
• The smoothed moving average (SMMA) crosses above the lookback average line.
• The least squares moving average (LSMA) crosses above the lookback average line. This signal confirms a bullish trend when all three moving averages cross above the average line simultaneously.
3. MAIN - Price - (SMMA > LSMA) / No Crossing: This signal triggers when the following conditions are met:
• The current candle's close price crosses above the lookback average line.
• The SMMA is above the LSMA. This signal confirms a bullish trend when the SMMA remains consistently above the LSMA without crossing.
4. MAIN - Price - SMMA - LSMA - SAR - SSL / Crossing: This signal combines multiple conditions:
• The current candle's close price, SMMA, and LSMA cross above the lookback average line.
• The SAR (Stop and Reverse) indicator is above the SSL (Stochastic Scaled Levels). This signal indicates a strong bullish momentum when all conditions align.
5. MAIN - Price - (SMMA > LSMA) - SAR - SSL / No Crossing: This signal triggers when the following conditions are met:
• The current candle's close price crosses above the lookback average line.
• The SMMA is consistently above the LSMA.
• The SAR is above the SSL. This signal confirms a bullish trend without any crossing of moving averages.
6. MAIN - Price - SMMA - LSMA - SAR - SSL / Crossing - Coloring: Similar to signal 4, this signal additionally checks for specific colors of SAR and SSL lines to confirm a bullish momentum.
7. MAIN - Price - (SMMA > LSMA) - SAR - SSL / No Crossing - Coloring: Similar to signal 5, this signal also checks for specific colors of SAR and SSL lines to confirm a bullish trend without any crossing of moving averages.
8. MAIN Support line - 2 Candles: This signal triggers when the price pulls back from below the support line within the last two candles. It indicates a potential reversal from a support level.
9. MAIN Support line - lookBack Candles: This signal is similar to signal 8 but considers a specified lookback range for checking the pullback from below the support line.
These buy signals aim to identify various bullish scenarios based on combinations of price action, moving averages, SAR, and SSL indicators. Each signal offers different levels of confirmation for potential buying opportunities in the market.
USE IT WITH YOUR RISK MANAGEMENT STRATEGIES.
Future Updates "Coming Soon"
Targets - Under processing.
Stop loss - Under Processing.
Trailing - Under Processing.
Historical Data Table - Under processing.
Strength Table - Under Processing.
Whales Catcher - Under Processing.
Order Book Analyzer - Under Processing.
NABIL ELMAHDY $$
Smart Money Setup 05 [TradingFinder] Minor OB & Trend Proof🔵 Introduction
The "Smart Money Concept" transcends the realm of mere technical trading strategies to embody a comprehensive philosophy on the dynamics of market operations. It posits that key market participants engage in price manipulation, thereby complicating the trading landscape for smaller, retail traders.
Under this doctrine, retail traders are advised to tailor their strategies in alignment with the maneuvers of "Smart Money" - essentially, the capital operated by market makers.
To this end, one should endeavor to mirror the trading patterns of these influential market participants, who are adept at navigating through the nuances of supply, demand, and overall market structure. As a proponent of Smart Money trading, these elements are pivotal in your decision-making process for trade entries.
🟣 Key Insights
The core principle of this strategy hinges on misleading other traders. A sudden market movement against the prevailing trend that results in the formation of either a lower low or a higher high, followed by a pullback where a divergence pattern emerges, sets the stage.
Subsequently, the market may form another lower low or higher high. Traders, persuaded that the market will continue along the trajectory of the new movement, are caught off-guard when the price abruptly reverses direction. Following a "Stop Hunt" of the traders' open positions, the market resumes its initial trend.
To grasp the essence of this setup, observe the following illustrations.
"Bullish Setup" :
"Bearish Setup" :
🔵 How to Use
The setups can be customized based on the desired formation period. This adjustment can be made through the indicator's price setting options, where the default period is set at 2.
Upon configuring your preferred period, the signals become actionable. Once a setup forms, the subsequent step involves waiting for the price to reach the "Order Block".
"Bullish Setup" :
"Bearish Setup" :
SMC Market Structure (MTF)Introducing the Smart Money Concept Market Structure analysis indicator, a sophisticated tool designed to display the true market structure, in multiple timeframes. Inspired by Lewis Kelly's renowned strategy, this indicator offers a unique approach to defining market structure.
It's worth noting that the Smart Money Concept Market Structure analysis indicator employs Lewis Kelly's strategy for swing detection.
However, it differs from other scripts in the market that utilize alternative methods for swing detection.
Some of these alternative methods that are not used by this script (as it doesn't define market structure properly according to Lewis Kelly's rules):
- ignoring previous market swings. New swings are created inside the internal noise, as they don't need a close above or below previous swings.
- considering that a swing detection is a tops/bottoms with pivots (left, right) with HH/LL.
Any existing market structure script using any of the above will lead to a wrong Break of Structure or Change of character detection and may induce traders to wrongly take trades against the true trend (and lose their trades).
This is why none of the listed above is used here, and this distinction also offers traders a diverse range of options to suit their individual trading preferences and styles.
Here's the main principles of how it works that differentiate from other scripts:
- New Swings are detected only if the new candle closes above/below the previous swing.
- A pullback is detected after 3 (by default) candles going in the same direction, against the current trend. The pullback candles do not need to follow each other, but the count is reset when invalidated. The pullback invalidation strategy is not disclosed here.
Also, unlike most indicators out there, the Smart Money Concept Market Structure (MTF) is multi-timeframe, eliminating the need for traders to constantly switch between different timeframes or add additional indicators. This feature enhances efficiency and streamlines the analysis process, allowing traders to focus more on making informed decisions.
It's important to understand that this indicator is fundamentally based on price action and is not specifically designed to detect market manipulations. Therefore, it should be used in conjunction with your own analytical skills and expertise to derive optimal trading strategies.
While still in its development phase, the indicator may receive updates and new features in the future to further enhance its functionality and usability.
Some of these new features may also not be implemented by existing market structure scripts.
If you have any question or need for new features, please feel free to ask them.
Also, it is recommended to compare the results of this indicator and other existing ones to see which is the most suitable to your trading style.
In the meantime, Enjoy !
Volume spike detection🔶What it is ?
Volume spike detection that is a tool to help you to define Volume spike better to know whether that is a real signal to focus to trade/invest or you should skip it.
This indicator will measure the current trading volume and then compare with average trading volume to give out volume spike signal. A candle has volume spike that will be marked by a yellow dot below the candle.
Our purpose is, help traders to define Volume spike faster and easier by automation tools and save time during analyzation to give out an exactly investing decision.
What is Volume spike in detail ?
To help you to undertand better about Volume spike, please refer to below picture :
We're having some candles that their trading volume are higher than average volume (blue line on the bottom of chart). They're candles with volume spike and giving us the signal about a huge money flow joined to Bitcoin at that time. You should be careful if you're taking any position that is reversal with these trading volume.
🔶 Who can use it ?
1. All traders who are using NCI, ICT , Smart money concepts, MACD system and other systems...
2. Recommend to use it for H1 timeframe and higher
3. All traders who are trading on Forex, Crypto, Stock, Indicies...
4. All traders who are new or experienced traders
5. Recommend to use for investing or long swing trader
🔶 The purpose of indicator
1. Define big money flow when it joined to market.
2. Helping trader to define MOMENTUM of WAVE
3. Helping trader to define MOMENTUM of candle/price patterns
4. Always "Empty your mind" during Trading because you checked chart less with automation tool.
🔶 How will indicator appear on chart
After you added it on chart, indicator will mearsure and give out the candle having volume spike. Indicator will mark a yellow dot right below the candle for you to recognize the power better.
🔶 INPUT value
There're 2 input value that you can change if you need :
1. Spike ratio % : The value is over from average trading volume
As above picture, you can see we're having 3 volume that is over average trading volume.
The gap is from average value to highest trading volume is spike ratio.
2. Trading period : Here is length of period you want to compare.
For example, you want calculate average volume of 20 periods before as standard to compare and judge a volume spike.
I recommend to set these numbers as default.
🔶 How to use indicator
After setting indicator, indicator will mearsure and run automatically to mark volume spike below the candles on your chart.
You can combine volume spike with your own system to define momentum of wave, price patterns to trade or invest normally.
I hope this indicator help you to trade more effectively.
[AlbaTherium] MTF External Ranges Analysis - ERA-Orion for SMC MTF External Ranges Analysis - ERA - Orion for Smart Money Concepts
Introduction:
The MTF External Ranges Analysis - ERA - Orion offers enhanced insights into multi-timeframe external structure points, swing structure points, POIs (Points of Interest), and order blocks (OB) . By incorporating this enhancement, your multi-timeframe analysis are streamlined, simplifying the process and reducing chart workload, no need for manual chart drawing anymore, stay focus on Low Time Frame and get High Time Frame insights in one single Time frame.
This identification process remains effective even when focusing on Lower Time Frames (LTF), providing detailed insights without sacrificing the broader market perspective.
The MTF External Ranges Analysis - ERA – Orion is specifically designed to be used in conjunction with OptiStruct™ Premium for Smart Money Concepts . This strategic combination enhances the workflow of identifying optimal entry points. OptiStruct acts as the analysis tool for Lower Time Frames (LTF), zeroing in on immediate interest areas, while Orion expands this analysis to Higher Time Frames (HTF), providing a broader view of market trends and importants key levels . The integration of Orion with OptiStruct seamlessly merges LTF and HTF analyses, ensuring a thorough understanding of market dynamics for informed and strategic decision-making. This toolkit in one package assembly is pivotal for traders relying on Smart Money Concepts, offering unmatched clarity and actionable insights to navigate the markets effectively.
This tool offers an advanced smart money technical analysis to improve your trading experience. It introduces four key concepts:
Main Features:
Entries Enhancements
Inducements HTF
High/Low Markings HTF
Multiple Timeframes and Confluences on Extreme, Dec and SMT Order Blocks
By integrating these concepts into one, traders can identify high-probability zones across multiple timeframes and develop a thorough understanding of market dynamics. These confluence zones enhance order block skills and potential, establishing them as essential pillars in smart money trading strategies and enabling traders to make more informed decisions.
Settings Overview:
HTF Settings Enable HTF Analysis
Select timeframe {Select or 4H Chart}
Labels Alignment for Lines and Boxes
Inside bar ranges HTF
Break of Structure /Change of Character HTF
Inducements HTF
High/Low Markings HTF
High/Low Sweeps HTF
Extreme Order Blocks HTF
Decisional Order Blocks HTF
Smart Money Traps HTF
IDM Demands and Supplies HTF
Historical Order Blocks HTF
OB Mitigation HTF {touch/ extended}
Understanding the Features:
Chapter 1: Entries Enhancements
In this chapter, we delve into strategies to refine trading entries, focusing on the multi-timeframe analysis of extreme or decisional order blocks in the High Time Frame timeframe as a key point of interest. We highlight the significance of transitioning to the Low Time Frame chart for observing pivotal shifts in market behavior. By examining these concepts, traders can gain deeper insights into market dynamics and make more informed entries decisions at critical junctures.
Practical Example:
We had an Order Block Extreme on the 1-hour timeframe, and currently, we are on the recommended chart for trade entry, which is the 5-minute timeframe. We are patiently waiting to observe a 5-minute ChoCh in the market to enter a buying position since it's an OB Extreme Demand on the 1-hour timeframe. Here, it's crucial and important to focus on the entry timeframe rather than checking what's happening in the higher timeframe. The indicator facilitates this task as it provides us with real-time perspective and visibility of everything happening in the higher timeframe.
Chapter 2: Inducements HTF
It is important and useful to be aware of the various liquidity points across the different timeframes we use; sometimes, a reliable entry point in the Lower Time Frame (LTF) may be surrounded by inducements. Consequently, this point becomes unreliable, and prior to the arrival of this functionality, such anomalies could not be detected, especially when focusing on the market in the LTF. From now on, there will be no more such issues.
Practical Example:
Suppose we identify an Order Block Extreme on the 5M timeframe, indicating a potential entry level. However, when we switch to the 5M timeframe to look for an entry point, we observe an accumulation of inducements around this Order Block coming from a higher timeframe, whether it's M15 or H1. This suggests a potential weakness in the entry point and significant market liquidity, which will act as a trap zone. Before the introduction of this feature, we might have missed this crucial observation, but now we can detect these anomalies and adjust our strategy accordingly.
The only practical way to see theses confluences is to use this Indicator, see the example below
Chapter 03: High/Low – Bos - ChoCh Markings HTF
The High/Low Markings HTF feature in the MTF External Ranges Analysis - ERA - Orion provides a comprehensive view into the market's heartbeat across different timeframes, right from within the convenience of the Lower Time Frame (LTF). It meticulously highlights pivotal shifts, allowing traders to seamlessly discern market sentiment and anticipate potential price reversals without needing to toggle between multiple charts. This innovation ensures that critical market movements and sentiment across various timeframes are visible and actionable from a single, focused LTF perspective, enhancing decision-making and strategic planning in trading activities.
Understanding High/Low Markings in HTF Analysis
High/Low Markings in High Time Frame (HTF) analysis mark the market's extremities within a given period, pinpointing potential areas for reversals or continuation and delineating crucial support and resistance levels. These markings are not arbitrary but represent significant market responses, serving as essential indicators for traders and analysts to gauge market momentum and sentiment.
The Role of HTF in Market Analysis
HTF analysis extends a comprehensive view over market movements, distinguishing between ephemeral fluctuations and substantial trend shifts. By scrutinizing these high and low points across wider time frames, analysts can unravel the underlying market momentum, enabling more strategic, informed trading decisions.
Identifying High/Low Markings
Identifying these crucial points entails detailed chart analysis over extended durations—daily, weekly, or monthly. The search focuses on the utmost highs and lows within these periods, which are more than mere points on a chart. They are significant market levels that have historically elicited robust market reactions, serving as key indicators for future market behavior.
Real-world Example:
Chapter 04: Multiple Timeframes and Confluences on Extreme, Dec and SMT Order Blocks Across HTF
The Orion indicator serves as a bridge between the multiple dimensions of the market, enabling a unified and strategic interpretation of potential movements. It's an indispensable tool for those seeking to capitalize on major opportunity zones, where the convergence of diverse perspectives creates ideal conditions for significant market movements.
Designed to navigate through the data of different timeframes and market analysis, Orion provides a clear and consolidated view of major points of interest. With this indicator, traders can not only spot opportunity zones where consensus is strongest but also adjust their strategies based on the dynamic interaction of various market participants, all while remaining within the Lower Time Frame (LTF).
Conclusion:
MTF External Ranges Analysis - ERA - Orion for Smart Money Concepts as “ The Orion ” indicator captures consensus among scalpers, day traders , swing traders, and investors, turning key areas into major opportunities. It allows for precise identification of areas of interest by analyzing the convergence of actions from various market participants. In short, Orion is crucial for detecting and leveraging the most promising points of convergence in the market.
This identification occurs even while focusing on Lower Time Frames (LTF), allowing for detailed insights without losing the broader market perspective.
This document provides an extensive overview of MTF External Ranges Analysis - ERA - Orion , emphasizing its importance in comprehending market dynamics and utilizing essential smart money concepts trading principles.
Imbalance - smart money power🔶What it is ?
Imbalance indicator that is a tool to help you to define imblance/Fair Value Gap area better to know whether smart money joined current market atomatically.
This indicator will measure the gap between every 3 candles to know to show which candles having Imbalance among them. They will be marked by diffirent colors compare with original colors of chart.
Our purpose is, help traders to define Imbalance area faster and easier by atomation tools and save time during analyzation.
What is Imbalance in detail ?
To help you to undertand better about imbalance definitiion, please refer to below picture :
We're having 3 candles as I marked number 1,2,3.
Candle 2 is a very big marubozu candle, it made a gap between the first candle's high
and the 3rd candle low on the chart. That gap we call as imbalance and it show that smart money join to buying direction now.
🔶 Who can use it ?
1. All traders who are using NCI, ICT , Smart money concepts, MACD system and other systems...
2. All traders who are trading on any timeframe
3. All traders who are trading on Forex, Crypto, Stock, Indicies...
4. All traders who are new or experienced traders
5. All traders who are swing or scalping traders
🔶 The purpose of indicator
1. Define big money flow when it joined to market.
2. Define power of zones with Imbalance. Which zones have imbalnce that's normally a strong zone to entry and set a safety stop-loss.
3. Helping to decide trading system faster, if you see IMB appeared, it is better to use Smart money concepts.
4. Always "Empty your mind" during Trading because you checked chart less with automation tool.
🔶 How will indicator appear on chart
After you added it on chart, indicator will mearsure and calculate the gaps among three candles. If there're a gap among them, indicator will change the color of those candles.
Please refer to below picture for more detail
We're having 2 types of color as green and red.
With Imabalanec candles, it will be shown as :
1. Aqua color : Up Imbalance
2. Yellow color : Down imbalance
We just focus on candle (2) and (3) so indicator will mark color on these 2 candles only.
🔶 INPUT value
You can change color of imbalance candles from orginal color (aqua, yellow) to any color you want by go to SETTING and change it on STYLE.
🔶 How to use indicator
After setting indicator, indicator will mearsure and run automatically to mark imbalance candles on your chart.
That's signal of smart money concepts, you can start your analyzation with your trading system that are using imbalance.
I hope this indicator help you to trade more effectively.
Forex lot size calculation🔶What it is ?
Forex lot size calculation is an indicator to help traders to manage trading account better and avoid emotion when you're changing account from small to bigger capital.
This indicator calculates lot size to entry by calculation risk in percent that you're planing for a position and your account balance also.
Our purpose is, keep your mind always "Empty" during trading even you're managing 100k$, 200k$ and more, espeically when you're changing from small account to bigger account.
The diffirence here is only Lot size you will input, we don't need to focus on how many money in dollors will we lost after a position. Each position, that's 1%, 2% balance , just like that. From that point, we can control emotion better and trade more effectively.
🔶 Who can use it ?
1. All traders who are using NCI, ICT , MACD system and other systems...
2. All traders who are trading on any timeframe
3. All traders who are trading on Forex market
4. All traders who are new or experienced traders
5. All traders who are swing or scalping traders
🔶 The purpose of indicator
1. Calculate lot size for all forex pairs exactly to trade on other platform like MT4/5, Ctrader and even Tradingview.
2. Exchange from risk by percent of account to lot size
3. Helping you to manage trading accounts easier
4. Always "Empty your mind" during Trading
🔶 How will indicator appear on chart
After you added it on chart, indicator will appear as table at your bottom right of chart. You can change it to Top-center as above chart by setting that I will guide you right on below.
In general, you can see three data :
1. Acc size $: That's your account balance you already input
2. %Risk : Here is risk by percent that you're planing to trade
3. LOT SIZE : Here is value after calcuation to help you can know how many lot size to entry.
Indicator will show you as three colors also :
GREEN : You're taking risk at a safe level that's less than 1%your account. You normally can trade better and manage trade easier with risk like that.
WHITE : You're taking risk at a normal level that's from 1 - 2% your account. You should becareful during taking this risk because it is only for experience traders.
RED : You're taking risk at a dangerous level that's greater than 2% your account.
This type of risk is only for top trader who can earn profit from mange consistency for a long time. Plus, with this type of risk, you will be rejected by prop firm companies easier because of gambling rules.
🔶 INPUT value
There're 2 groups for trader to input and use this indicator :
1. Trading input :
You need to input data to calcuate lot size here
- Your account balance : here is your initial account balance that you deposit
- Acc risk % : Here is risk by percent you're planing for each position.
- Stop loss by pips : Here is stop loss by pips for your position.
Explanation about stoploss by pips in Forex
Please help to refer to my chart above, that's a buying position in Tradingview. Tradingview measured all needed data in pips for you.
For example : My buying position on have chart having stop loss value is 15.3 pips.
I just need to input stoploss here as 15.3.
2. Display setting
Here is the place we will set the text size and location of table.
- Font size : The size of texts in this indicator. You can choose from tiny to Huge size
- Location : The position of indicator on chart. You can put it from bottom to top and left to right as your favorite
🔶 How to use indicator
After setting indicator, you need to input all data to Trading input group :
1. Your account balance
2. Acc risk %
3. Stop loss by pips
And then click to OK.
Indicator will calculate and give out LOT SIZE for you to entry.
It will remember your account balance and risk %, so you just need to input stop loss for your diffirence trades.
As chart above, I input my initial account as 200k$ and I normally take 1% risk for each position.
I want to buy at green box on chart above with SL is around 15.3 pips on AUDUSD.
Indicator helped to calculate lot size as 13.07 lot to trade.
I hope this indicator help you to trade and manage account better.
Smart Money Concepts [UAlgo]🔶 Description:
Smart Money Concepts (SMC) refer to a trading strategy that revolves around understanding and following the actions of institutional investors, such as banks and hedge funds, who are considered the “smart money” in the market. The concept is based on the idea that these institutions have more information and resources, and thus their market activities can indicate future market movements.
This script designed to be a tool that will automatically provide many features related to SMC concept for investors, offering a market structure analysis that includes the identification of order blocks, breaker blocks, and liquidity points. It also delineates premium and discount zones, highlights Fair Value Gaps (FVG), Volume Imbalance (VI) and Order Gap (OG) areas, providing users with a multifaceted view of market dynamics.
🔶 Key Features:
Market Structure Analysis : Simplifies the overview of market behavior, identifies market breakouts or trend continuation.
It detects the market structure as shown in the image below :
Order Blocks : Detects Order Blocks based on market structure analysis and volume characteristics. It draws these blocks and provides information such as volume.
Order Block Identification:
Breaker Blocks : Detects Breaker Blocks based on market structure analysis.
Breaker Block Identification:
When Order Block above is broken,
As you can see, it has now turned into a Bearish Breaker Block,
And it seems that the price is getting a reaction from this breaker block above.
Liquidity Sweeps : Tracks liquidity sweeps on both the buy and sell sides, offering traders a perspective on market momentum and potential shifts.
Multi-Timeframe Fair Value Gap (FVG), Volume Imbalance (VI), Order Gaps (OG) Detection : Detects Fair Value Gap (FVG), Volume Imbalance (VI) and Order Gaps (OG) based on different criteria such as price movements and volume characteristics. It marks these gaps/voids and provides visual cues for analysis.
Examle for FVG:
Premium & Discount Zone Analysis : Analyzes premium and discount zones, showing prices within these zones and highlighting equilibrium (0.5) levels.
Customizable Options : Provides various input parameters for customization, such as market structure length, sensitivity settings, display preferences, and mitigation methods.
Previous Key Levels : Identifies previous key levels include previous highs, lows, equilibrium points, and open prices across different timeframes such as daily, weekly, and monthly.
🔶 Disclaimer:
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Mental Health Monitoring🔶What it is ?
NCI_Mental Health is a reminder to help traders to manage psychology during analyzation.
This indicator calculates and displays your analyzation time and give you alert about your current mental status to continue analyzing or close chart to avoid being manipulated my market.
Our purpose is, keep your mind always "Empty" during analyzation. Counting opening chart will help you to control analyzation time and empty your mind better.
🔶 Who can use it ?
1. All traders who are using NCI, ICT , MACD system and other systems...
2. All traders who are trading on any timeframe
3. All traders who are trading on any market like stock, crypto, forex, gold, indices...
4. All traders who are new or experienced traders
5. All traders who are swing or scalping traders
🔶 The purpose of indicator
This indicator will give you alert and information about your mental health to know :
1. When you need to stop analyzation
2. When you can continue analyzing chart without any worries
3. Choosing your best emotion period to analyze to give out the best decision
4. Always "Empty your mind" during analyzation
🔶 How will indicator appear on chart
After you added it on chart, indicator will appear at your top right corner of chart. You can change it to Top-center as above chart by setting that I will guide you right on below.
In general, you can see two data :
1. Analyzation time : That's period that you used to analyze now by seconds and minutes
2. Metal status : Your mental status during analyzation
We will have 3 status as :
Good- You're on a very good status to start analyzing. This infomation will be shown as green color. We can remember color better than words so I added more color.
Normal - Your brain are on a normal status that you still continue analyzing.
This infomation will be shown as white color.
MANIPULATED - Your brain is very TIRED and you must close chart to take a rest.
This infomation will be shown as red color.
🔶 How to use indicator
You should focus on Metal status mostly with below guidance :
1. Good: You're on a nice status to give out the best decision. Normally, you should analyze a chart less than 3 minutes as default to always stay on the best status during analyzation.
2. Normal : It is better to prepare to take a rest. You can continue analyzing without any worries.
3. MANIPULATED : You will be manipulated by market easily to give out the wrong decisions.
You need to close chart now.
🔶 INPUT value
1. Minute : Analyzation time as minute value
2. Second : Analyzation time as second value
3. Your Alert message: A message to remind yourself if analyzation time is ended.
4. Font size : The size of texts in this indicator. You can choose from tiny to Huge size
5. Location : The position of indicator on chart. You can put it from bottom to top and left to right as your favorite.
🔶 Setting ALERT
If you prefer to receive a remind from Indicator than checking Mental status on indicator table
You can set alert by Tradingview with below steps :
1. Click to Alert on top middle of chart (tool bar)
2. At Condition, choose NCI mental health
3. Click to Create
Indicator will send you alert if your analyzation time now is over your Input value.
You should close chart and stop analyzation to avoid giving wrongly decision.
Warm regards,
Jayce
Inversion Fair Value Gap Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Inverse Fair Value Gap Screener! This screener can provide information about the latest Inverse Fair Value Gaps in up to 5 tickers. You can also customize the algorithm that finds the Inverse Fair Value Gaps and the styling of the screener.
Features of the new Inverse Fair Value Gap (IFVG) Screener :
Find Latest Inverse Fair Value Gaps Across 5 Tickers
Shows Their Information Of :
Latest Status
Number Of Retests
Consumption Percent
Volume
Customizable Algorithm / Styling
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inverse Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG.
IFVGs get consumed when a Close / Wick enters the IFVG zone. Check this example:
This screener then finds Fair Value Gaps across 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the IFVG.
Approaching ⬆️/⬇️ -> The current price is approaching the IFVG, and the direction it's approaching from.
Inside -> The price is currently inside the IFVG.
Retests -> Retest means the price tried to invalidate the IFVG, but failed to do so. Here you can see how many times the price retested the IFVG.
Consumed -> IFVGs get consumed when a Close / Wick enters the IFVG zone. For example, if the price hits the middle of the IFVG zone, the zone is considered 50% consumed.
Volume -> Volume of a IFVG is essentially the volume of the bar that broke the original FVG that formed it.
🚩UNIQUENESS
This screener can detect latest Inverse Fair Value Gaps and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener also uniquely shows information about the number of retests and the consumed percent of the IFVG, as well as it's volume. We believe that this extra information will help you spot reliable IFVGs easier.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan Fair Value Gaps here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. This setting also switches the type for IFVG consumption.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
Market Structures Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Market Structures Screener! This screener can provide information about the latest market structures in up to 5 tickers. You can also customize the styling of the screener.
Features of the new Market Structures Screener :
Find Latest Market Structures Across 5 Tickers
Break Of Structure (BOS)
Change of Character (CHoCH)
Change of Character+ (CHoCH+)
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
Sometimes specific market structures form and break as the market fills buy & sell orders. Formed Change of Character (CHoCH) and Break of Structure (BOS) often mean that market will change direction, and they can be spotted by inspecting low & high pivot points of the chart.
This screener then finds market structures across 5 different tickers, and shows the latest information about them.
🚩UNIQUENESS
Formed market structures can be strong hints about the current direction and the state of the market, and our screener has the ability to detect Change Of Character structures of the market with higher sensitivity (CHoCH+), so you will miss less hints. This screener will then show the elapsed time of the found BOS, CHoCH and CHoCH+ structures.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan market structures here. You can also enable / disable them and set their individual timeframes.
[AlbaTherium] MTF Internal Ranges Analysis - IRA-Phoenix for SMCIntroduction:
The MTF Internal Ranges Analysis - IRA - Phoenix acts as an extension to the original main SMC Indicator by AlbaTherium . This add-on provides insights into multi-timeframe internal structure points, swing structure points, POIs (Points of Interest), and order blocks (OB). By integrating this enhancement, your multi-timeframe analyses become more streamlined, expediting the process and minimizing chart workload .
This tool represents an advanced smart money technical analysis aimed at enhancing your trading experience. It introduces four pivotal concepts:
Main Features:
Multiple Timeframes and Confluences,
SCOB Internal Order Block.
Demand to Supply (D2S) or Supply to Demand (S2D) across Multiple timeframes
SCOB on LTF and SCM on HTF across same Candle
By combining these concepts all in one, traders can find confluences zones across multiple timeframes and gain a comprehensive understanding of market dynamics, theses confluences zones empower order block skills and potentiality, showcasing them as essential, crucial, powerful, strategic, and pivotal, one of the pillars in smart money concepts trading strategy to make more informed decisions.
Settings Overview:
Select timeframe {Select or current chart}
Inside bar ranges
Internal structure as Internal zigzag {turn on/ off / unconfirmed(live) zigzag}
Single Candle Mitigation Pattern {turn on/ off / confirmed / unconfirmed}
Single Candle Order Block Pattern {turn on/ off / confirmed / unconfirmed}
Demands and Supplies (D&S) {turn on/ off / confirmed / unconfirmed}
OB Mitigation {touch/ extended}
Understanding the Features:
Chapter 1: Multiple Timeframes and Confluences
Our Multi-timeframe analysis approach enables traders to analyze market trends and volatility across different timeframes. Confluences, where signals align across multiple timeframes, provide strong indications for trading opportunities.
Practical Example:
- With MTF IRA - Phoenix , traders can seamlessly transition between different timeframes while maintaining a cohesive analysis. For instance, traders can monitor the M15, H1, or M5 charts while focusing on entry on the M1 timeframe, enabling a holistic view of market trends and opportunities .
Chapter 2: SCOB Internal Order Block across Multiple Timeframe
SCOB Internal Order Block (SCOB IOB) highlights critical zones in price action, showcasing the dominance of aggressive buyers or sellers on orders blocks. As confluences accumulate across multiple timeframes, the strength of the order block intensifies, presenting entry opportunities.
Practical Example:
You have the ability to detect zones where price ranges have formed; these areas are highly sought after for taking buying as well as selling positions, especially when these areas are reflected across 1 or 3 timeframes.
The only practical way to see theses confluences is to use this Indicator, see the example below
Chapter 03: Demand to Supply (D2S) or Supply to Demand (S2D) across Multiple timeframes
The Demand to Supply or Supply to Demand feature within MTF Internal Ranges Analysis - IRA - Phoenix offers a nuanced analysis of price action dynamics across various timeframes. By identifying shifts in supply and demand zones, traders gain valuable insights into market sentiment and potential price reversals.
This feature enables traders to anticipate changes in market direction by recognizing the interplay between demand and supply across different timeframes. By understanding how price reacts at key support and resistance levels, traders can make informed decisions and capitalize on emerging trends.
The Demand to Supply or Supply to Demand feature enhances the indicator's usefulness by providing traders with actionable information to navigate complex market conditions effectively. With this comprehensive analysis, traders can better manage risk and optimize trading strategies across multiple timeframes.
Real-world Example:
Chapter 04: SCOB on LTF and SCM on HTF across same Candle
with MTF Internal Ranges Analysis - IRA - Phoenix , explores the concepts of SCOB (Single Candle Order Block) on Lower Timeframes (LTF) and SCM (Single Candle Mitigation) on Higher Timeframes (HTF).
SCOB on LTF refers to the identification and analysis of single candle order blocks within shorter timeframes. These blocks represent critical price levels where significant buying or selling activity occurred within a single candlestick. By recognizing SCOB patterns, traders can pinpoint key areas of market interest and anticipate potential price movements.
On the other hand, SCM on HTF involves analyzing single candle mitigation entries within longer timeframes. This technique aims to capitalize on price reversals or shifts in market sentiment indicated by single candlestick patterns. By incorporating SCM analysis, traders can gain insights into broader market trends and make strategic trading decisions accordingly.
the intricacies of SCOB on LTF and SCM on HTF, offering traders valuable tools to enhance their analysis and decision-making processes across different timeframes. Through a comprehensive understanding of these concepts, traders can identify high-probability trading opportunities and navigate the markets with confidence.
Real-world Example:
SCOB on M5 and SCM on M15 generate a powerful order block.
Conclusion:
MTF Internal Ranges Analysis - IRA - Phoenix for Smart Money Concepts is a valuable asset for traders seeking to add more insights in today's dynamic markets especially for Intraday Traders. By focusing on concepts like "Multiple timeframes and Confluences, with one single timeframe u can analyze all timeframes", "SCOB Internal Order Block. With its innovative features and user-friendly interface, whether you're a seasoned trader or just starting your journey, MTF IRA - Phoenix can help you navigate through the complexities of price action and make more informed trading choices.
This document provides an extensive overview of MTF Internal Ranges Analysis - IRA - Phoenix, emphasizing its importance in comprehending market dynamics and utilizing essential smart money concepts trading principles.
ICT Killzones Toolkit [LuxAlgo]The ICT Killzones Toolkit is a comprehensive set of tools designed to assist traders in identifying key trading zones and patterns within the market.
The ICT Killzones Toolkit includes the following Price Action components:
ICT Killzones with Pivot Highs/Lows
Order Blocks
Breaker Blocks
Fair Value Gaps
Market Structure Shifts
By combining these components, the ICT Killzones Toolkit provides traders with a comprehensive framework for analyzing the market and identifying setups of interest. Leveraging these tools effectively can enhance traders' decision-making process and improve killzones interpretability.
🔶 USAGE
In forex/futures trading, timing is crucial. ICT Killzone are specific periods when there's a higher chance of finding setups of interest. Mastering these time intervals can offer significant advantages to traders who know how to use them effectively.
The image above highlights a potential setup of interest when using the ICT Killzones Toolkit.
As another example for utilizing the ICT Killzones Toolkit, we can see in the image above when price retests setups generated from killzones such as Order Blocks or Fair Value Gaps, a potential strategy could be to look for entries on those & take profits as the next killzone appears.
🔹 Order Blocks
Order Blocks are sections on a price chart where notable buying or selling activity has occured, often signaling interest zones for institutional traders. This toolkit's Order Blocks component pinpoints these areas within the Killzone, which may act as potential support or resistance levels.
🔹 Breaker Blocks
Breaker Blocks are zones built from mitigated order blocks, and highlight zones on the chart where price has previously stalled or reversed. These areas may act as significant barriers to price movement in the future, and the Breaker Blocks component helps traders identify them for potential trading opportunities.
🔹 Fair Value Gaps
Fair value gaps are especially favored by price action traders and arise from market inefficiencies or imbalances, typically when buying and selling are unequal. These gaps often attract price movement before resuming in the same direction. the Fair Value Gaps component of the toolkit helps traders identify and analyze them.
🔹 Market Structure Shifts
Market Structure Shifts refer to significant changes in the overall structure of the market, such as shifts in trend direction, volatility, or trading activity. These shifts can provide valuable insights into market sentiment and potential trading opportunities, and the Market Structure Shifts component helps traders identify and interpret them.
Overall, the ICT Killzone Toolkit combines these components to provide traders with a comprehensive framework for analyzing the markets and identifying high-probability trading setups.
🔶 SETTINGS
🔹 ICT Killzones
Asian, London Open, New York, and London Close: toggles the visibility of specific Killzones, allowing users to customize time periods and Killzone colors.
Killzone Lines : Top/Bottom, Mean and Extend Top/Bottom: toggles the visibility of the Killzone's pivot high and low lines, mean (average) line, and allows users to extend the pivot lines.
Killzone Labels: Toggles the visibility of the Killzone labels.
Display Killzones within Timeframes Up To: Toggles the visibility of the Killzones up to selected Timeframes.
Open Price, Separator, Label, and Color: toggles the visibility of the open price of the Killzones or for the day, week, or month. If the day, week, or month is selected, a separator will be displayed to highlight the beginning of each respective period. Additionally, users can customize the color and toggle the label as needed.
🔹 Order Blocks & Breaker Blocks
Order Blocks | Breaker Blocks: toggles the visibility of the order blocks & breaker blocks.
Swing Detection Length: lookback period used for the detection of the swing points used to create order blocks & breaker blocks.
Mitigation Price: allows users to select between closing price or wick of the candle.
Use Candle Body in Detection: allows users to use candle bodies as order block areas instead of the full candle range.
Remove Mitigated Order Blocks & Breaker Blocks: toggles the visibility of the mitigated order blocks & breaker blocks.
Extend Order Blocks & Breaker Blocks: enables processing of the order blocks & breaker blocks beyond the boundaries of the killzones.
Display Order Blocks & Breaker Blocks: enables the display of the first, last, or all occurrences of the order blocks & breaker blocks.
Order Blocks : Bullish, Bearish Color: color customization option for order blocks.
Breaker Blocks : Bullish, Bearish Color: color customization option for breaker blocks.
Show Order Blocks & Breaker Blocks Text: toggles the visibility of the order blocks & breaker blocks labels.
🔹 Market Structure Shifts
Market Structure Shifts: toggles the visibility of the market structure shifts.
Detection Length: market structure shift detection length.
Display Market Structure Shifts: enables the display of the first, last, or all occurrences of the market structure shifts.
Market Structure Shifts : Bullish, Bearish Color: color custumization option for market structure shifts.
Show Market Structure Shifts Text: toggles the visibility of the market structure shifts labels.
🔹 Fair Value Gaps
Fair Value Gaps: toggles the visibility of the fair value gaps.
Fair Value Gap Width Filter: filtering threshold wile detecting fair value gaps.
Remove Mitigated Fair Value Gaps: removes mitigated fair value gaps.
Extend Fair Value Gaps: enables processing of the fair value gaps beyond the boundaries of the killzones.
Display Fair Value Gaps: enables the display of the first, last, or all occurrences of the fair value gaps.
Bullish Imbalance Color: color customization option.
Bearish Imbalance Color: color customization option.
Show Fair Value Gaps Text: toggles the visibility of the fair value gaps labels.
🔶 RELATED SCRIPTS
Smart-Money-Concepts
Order-Blocks-Breaker-Blocks
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
Order Blocks Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Order Blocks Screener! This screener can provide information about the latest order blocks in up to 5 tickers. You can also customize the algorithm that finds the order blocks and the styling of the screener.
Features of the new Order Blocks Screener :
Find Latest Order Blocks Accross 5 Tickers
Latest Status, Restests, Bullish & Bearish Volume
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.
The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenerio, the low volume becomes the last 2 bars' total volume.
This screener then finds order blocks accross 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the order block.
Approaching ⬆️/⬇️ -> The current price is approaching the order block, and the direction it's approaching from.
Inside -> The price is currently inside the order block.
Retests -> Retest means the price to invalidate the order block, but failed to do so. Here you can see how many times the price retested the order block.
For the bullish / bearish volume, check the "How Does It Work" section.
🚩UNIQUENESS
This screener can detect latest order blocks and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener shows the number of the retests of the order block as an unique trait. Another unique ability of the screener is that it shows the latest valid order block's bullish and bearish volume in the dashboard.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan order blocks here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
TradesAI - Elite (Premium)This is an all-inclusive, premium indicator that focuses mainly on price action analysis, a form of looking at raw price data and market structure to analyze and capture areas of interest where price could react.
This indicator is a perfect trading companion that saves you a lot of time in trading price action. Some of the popular methods that use price action analysis are "Smart Money Concepts (SMC)", "Inner Circle Trader (ICT)", and "Institutional Trading".
🔶 POWERFUL TOOLS
The indicator combines three main tools as a trading suite:
Trendlines
Market Structure Breakouts (MSB)
Order Blocks (OBs) and Reversal Order Blocks (ROBs)
These 3 main tools are interconnected together. Below we go over each, and then explain how and why they are brought in together. Please also note that the indicator's settings have tooltips next to most of them, with more detailed information.
🔶 TRENDLINES
This indicator automatically draws the most relevant Trendlines from pivot high/pivot low (based on the defined settings) as origins, while keeping track of candle closes across these Trendlines to adjust or invalidate accordingly.
The indicator will draw all possible Trendlines up to the maximum allowed by TradingView's PineScript. It uses a bullish pivot high candle to draw downtrends, and a bearish pivot low candle to draw uptrends. The algorithm will draw the most suitable active Trendlines from those origin points.
The indicator takes the origin point as the first point of the Trendline, then starts looking for the immediate next same-type candle (bullish to bullish or bearish to bearish), to draw the Trendline between the origin candle and this newer candle.
An uptrend is a ray connecting two bearish candles, as long as the second candle has a Low higher than the low of the origin (first) candle. A downtrend is a ray connecting two bullish candles, as long as the second candle has a high lower than the high of the origin (first) candle.
Upon drawing, the indicator then starts monitoring and adjusting this Trendline, by keeping the origin always the same but changing the second point. The goal is to keep reducing the slope of the Trendline till it is at 0 degrees (horizontal line). That then makes the Trendline "final". Note that you have the option to keep all Trendlines or just show the final, in the settings.
So, the algorithm has three states for the Trendlines:
Initial: not tested, meaning price hasn't yet broken through it and closed a candle beyond it, to cause a re-adjustment of this Trendline.
Broken: a candle hard closed (opened and closed) across it but still, the direction of the trend is maintained with a new Trendline from the same origin – could be replaced (or kept on the chart as a "backside", which is what we call a broken Trendline to be tested from the opposite side) with a new Trendline from the same origin, to the newest candle that caused the break to happen, as then it becomes the new second point of that Trendline.
Final: a candle hard closed (opened and closed) across it and can't draw a new Trendline from the same origin maintaining the direction of the trend (so an uptrend becomes a downtrend or a downtrend becomes an uptrend at this point, which is not allowed). This marks the end of the Trendline adjustment for that origin.
To summarize the Trendlines algorithm, imagine starting from a candle and drawing the Trendline, then keep re-adjusting it to make its slope less and less, till it becomes a horizontal line. That's the final state.
Here is a step-by-step scenario to demonstrate the algorithm:
Notice how first an Uptrend (green ray) is drawn between point A origin pivot (picked by our smart algorithm) and point B, both marked by green arrows:
Uptrend then turned into backside (where it flips from diagonal support to resistance where liquidity potentially resides):
Then a new uptrend is drawn from the same point A origin pivot to a new point B matching the filters in settings.
Finally, it turns also into a backside and is considered final because no more uptrends could be drawn from the same point A origin point.
Unlike traditional Trendline tools, this indicator takes into account numerous rules for each candlestick to determine valid support and resistance levels, which act as liquidity zones.
Unlike conventional Trendline tools, this indicator allows the user to define the pivot point left and right length to capture the proper ones as origins, then automatically recognizes and extends lines from them as liquidity zones where a reaction is expected. Moreover, the indicator monitors those Trendlines in real-time to switch them from buying to selling zones, and vice-versa, as the price structure changes.
Features
Log vs. Linear scale switch to show different Trendlines accordingly. When updating the Trendlines, or deciding whether Touches/Hard Closes are met, it makes a difference.
Ability to show all forms of Trendlines, final Trendlines or just backside Trendlines.
Why is it used?
For experienced traders, it offers the advantage of time efficiency, while new traders can bypass the steep learning curve of drawing Trendlines manually, which could practically be drawn between any two candlesticks on the chart (many variations).
🔶 MARKET STRUCTURE BREAKOUT (MSB)
The Market Structure Breakouts (MSB) tool is a trading tool that detects specific patterns on trading charts and provides ‘take profit’ regions based on the extended direction of the identified pattern. A breakout is a potential trading opportunity that presents itself when an asset's price moves away from a zone of accumulation (i.e. above a resistance level or below a support level) on increasing volume. The most famous form of market structure breakout is double/triple tops/bottoms, or what is referred to as W or M breakouts.
See this example below of how our MSB smart algorithm picked the local bottom of INDEX:BTCUSD
Here is a step-by-step scenario to demonstrate the algorithm:
First, the algorithm picks the pivot points according to our Machine Learning (ML) model, which uses Average True Range (ATR) and Moving Averages of various types to decide. It will then signal a Market Structure Breakout (MSB):
You may either short (sell) this MSB towards the targets (dotted green lines) and/or buy (long) at the targets (dotted green lines). Usually, these targets provide scalp moves, according to our model, but they may also act as strong reversal points on the chart.
Unlike standard indicators, the MSB tool identifies patterns that may not appear in every time frame due to specific conditions that need to be met, including Average True Range (ATR) and Moving Averages at the time of creation. Once these patterns are identified, the tool gives ‘take profit’ regions in the direction of the trading pattern and even allows for trading in the opposite direction (contrarian/counter-trend scalps) once those regions are reached. A confirmed breakout has the potential to drive the price to these specific targets, calculated based on our Machine Learning (ML) model. The Targets are the measured moves placed from the breakout point.
Features
Log vs. Linear scale switch to show different MSBs accordingly based on the ratios.
Detects trading patterns with specific conditions.
Ability to specify how sensitive the pivot points are for capturing market structure breakouts.
Provides take profit regions in the extended direction of the pattern.
Allows for versatile trading styles by permitting trades in the opposite direction (contrarian or counter-trend) once the take profit region is reached.
Highlights 2 levels of interest for potential trade initiation (or as targets of the MSB move).
🔶 ORDER BLOCK (OB) and REVERSAL ORDER BLOCK (ROB)
Before diving deeper into OBs and ROBs, you may consider the following chart for a general understanding of price ladders, and how they break. This is a bearish price ladder leaving Lower Lows and Lower Highs after an initial Low and High (L->H->LL->LH). Bullish ladders are the opposite (H->L->HH->HL).
In this bearish ladder case, notice the numbers representing the highs made (being lower). While this is a clean structure, markets don't always create such clean ladders, but you may switch to a higher timeframe to see it in a clearer form (usually, you will be able to spot it there).
In SMC or ICT concepts, the "Break Of Structure (BOS)" is pretty much creating a new lower low (LL) for the bearish ladder (and the creation of a higher high (HH) for the bullish ladder). By doing so, markets are grabbing liquidity below these levels and could either continue the ladder or stop/flip it. This gives you the context of how the ladder prints.
Price usually ends the ladder with a "Change of Character (CHoCH)", which represents a BOS (to grab liquidity) followed by an aggressive move in the opposite direction, which could lead the market to close the gaps and balance out. It is considered a good practice to then target liquidity in the opposite direction when a CHoCH happens, meaning for a bearish ladder you may target the pivots marked by 3, 2 and 1 at the top (start of the ladder).
Now we move to Order Blocks (OBs) and Reversal Order Blocks (ROBs). Think of them as sniper zones or micro ladders inside the bigger ladder/structure.
Order Blocks are usually used as zones of support and resistance on a trading chart where liquidity is present, or what some traders call "potential institutional interest zones". Order Blocks can be observed at the beginning of these strong moves of BOS or the CHoCH, leaving behind a zone (one or more candles) to be revisited later to balance the market. Therefore, these are interesting levels to place Limit/Market orders (sell the peaks or buy the valleys) instead of doing so at the swing highs or swing lows of the ladder (where BOS or CHoCH happened). The idea here is that the price could go deep into the ladder's step (peak or valley), and by doing so, it usually goes to these zones.
A bullish Order Block (Valley-OB) is the last bearish candle of a downtrend before a sequence of bullish candles (thus forming a "Valley"). A bearish Order Block (Peak-OB) is the last bullish candle of an uptrend before a sequence of bearish candles (thus forming a "Peak"). Our indicator captures the full range zones of the OB meaning not only the last candle but the sequence of same-type candles immediately next to it, which creates a zone, thus the name "OB/ROB Zone". Not only does the tool mark those levels on the chart, but it also has a smart tracking algorithm to remove the appropriate levels dynamically. It will monitor, candle by candle, what is happening to all the OBs/ROBs, and update them according to how they are being tested/visited (eg. weak testing being a touch, and strong testing being a touch of the same colour candle).
Bullish Valley-OB:
Bearish Peak-OB:
The indicator follows our concept of "Zone Activation" to determine whether to mark zones with dashed or solid lines.
If we take a bearish Peak-OB as an example, notice how it first gets drawn with a dashed red line (as the algorithm monitors how far the price moved away from the zone):
As price moves away (distance based on our Machin Learning (ML) model), it turns into solid lines:
Some people prefer to enter market orders or limit (pending) orders close to the zone, while others wait for it to hit. You may wait for these zones to turn into solid lines (meaning that the price made a decent move away from it before revisiting it). It depends on your trading strategy.
When Order Block (OB) zones break instead of holding the ladder, they turn into what we call Reversal Order Blocks (ROB); our algorithm of flipping these zones where price could react from the other side of the OB. Our algorithm monitor and highlight the most suitable ones to trade, based on +30 conditions and variables by our Machine Learning (ML) models. Examples of ROBs in the SMC or ICT trading community are a "Breaker Block", a "Mitigation Block" or a "Unicorn Setup". However, our algorithm filters the zones based on many factors such as ratios of price movement before, inside and after these zones, along with many other factors.
The algorithm monitors the ratios of how price moved into and away from the OB/ROB, as well as the type of move happening, to then filter the ones that are considered of high probability to break/not do a reaction.
A bullish Valley-OB (green) turns into a bearish Valley-ROB (neon red) where you may short (sell), while a bearish Peak-OB (red) turns into a bullish Peak-ROB (neon green) where you may long (buy).
Example of a bullish Valley-OB that turned into a bearish Valley-ROB:
Features
Log vs. Linear scale switch to show OBs/ROBs accordingly based on the ratios and the price action around these zones (before and after creation).
Uses our Machine Learning (ML) model to determine relevant Order Blocks (OBs) to show or hide based on price action.
Considers distribution and accumulation candles to find relevant Order Blocks.
Various types of triggers to mark those Order Blocks and their zones: breakout, close, hard close (open and close) or full close (low, high, open and close).
Monitors the 1:1 expansion of price from key areas of interest, which would change the importance of the zones through our concept of “Zone Activation”.
Allows for customization in the settings to display different types of Order Blocks (e.g., tested or untested).
Marking and invalidating levels based on many variables, including single or multiple candle zones, touching/closing beyond specific levels, weak/strong testing criteria, price tolerance % (near a level), and many more.
Provides color-coded visual representation for easier interpretation.
Why is it used?
Order Blocks (OB) and Reversal Order Blocks (ROB) represent the building blocks of price ladders, in conjunction with Swing Highs and Swing Lows. By identifying where liquidity is potentially present, they become common targets for big market players. Additionally, they provide clear invalidation points based on various types of candle closes, such as hard closes or simply a candle close.
One strategy that could be used is to open positions at these OB or ROB Levels as long as the chart maintains the trend (ladder), for a potentially higher win rate (or against it for a quick scalp). Be mindful of the breaking of a ladder or the building of a new one. A ladder breaks with a hard close (open and close) of a candle across the closest two levels; a ladder builds by not breaking back down across the levels it has tested. By definition, strong ladders will have a few untested levels and come back to wick them but still retain the structure of the laddering direction (trending with Lower Lows + Lower Highs or Higher Lows + Higher Highs).
🔶 COMBINING ALL TOOLS
In summary, Trendlines could be great tools to give you a general context of whether the price is laddering up or down. Once you spot the ladder, your goal is to either trade in its direction (not to go against the trend) or to counter-trend trade (contrarian). To do so, you could use the MSB tool to spot these BOS/CHoCH. And to give you more precise entries, you may rely on the OB/ROB zones which usually mesh over the ladder, to provide a sniper entry!
🔶 RISK DISCLAIMER
Trading is risky, and most day traders lose money. The risk of loss in trading can be substantial. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our product and should not be construed as financial advice. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.
Market Structure with Inducements & Sweeps [LuxAlgo]The Market Structure with Inducements & Sweeps indicator is a unique take on Smart Money Concepts related market structure labels that aims to give traders a more precise interpretation considering various factors.
Compared to traditional market structure scripts that include Change of Character (CHoCH) & Break of Structures (BOS) -- this script also includes the detection of Inducements (IDM) & Sweeps which are major components of determining other structures labeled on the chart.
SMC & price action traders have historically considered this a more accurate representation of market structure by including these components.
🔶 USAGE
Below we can see a diagram for how market structure is displayed within the Market Structure with Inducements & Liquidity indicator.
Change of Characters (CHoCH) are based on swing points detection, while Break of Structures (BOS) are based on trailing maximum & minimums from the detected Change of Characters. We do this for a more dynamic & timely display of market structure.
🔹 Inducements (IDM)
Traders that consider inducements as a part of their analysis of Change of Characters & Break of Structures can more easily avoid fakeouts within trends as shown below.
In this script IDM's are always required between each market structures.
🔹 Sweeps of Liquidity (x)
SMC traders looking to properly analyze market structure need to look for sweeps of liquidity to ensure levels that are wicked are noted as sweeps, while levels that are fully closed above / below are labeled as confirmed market structures.
In the chart below we can see a Sweep of Liquidity which typically can occur on the longer term price action and indicate a potential reversal.
Notably, since labels such as CHoCH or BOS's can occur at the same level as a Sweep of liquidity, we have allowed the indicator to display the market structure label at the current bar in the event this happens.
The Sweeps of Liquidity are also based on trailing maximum / minimum, which allows for a continuous evaluation of areas for liquidity sweeps to occur.
This can be helpful for traders looking for longer term & shorter term sweeps.
🔶 SETTINGS
CHoCH Detection Period: Detection period for CHoCH's, higher values will return longer term CHoCH's.
IDM Detection Period: Detection period for IDM's, higher values will return longer term IDM's.
Thank you all for 500k followers on TradingView! Enjoy!
Fibonacci Inversion Fair Value Gaps | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Fibonacci Inversion Fair Value Gaps (IFVG) indicator! Inverse Fair Value Gaps occur when a Fair Value Gap becomes invalidated. They reverse the role of the original Fair Value Gap, making a bullish zone bearish and vice versa. This indicator plots the Fibonacci retracement levels of the IFVG, which often act like support & resistance levels.
Features of the new Fibonacci IFVGs Indicator :
Renders Bullish / Bearish IFVG Zones
Renders Fibonacci Retracement Levels Of IFVGs
Combination Of Overlapping FVG Zones
Variety Of Zone Detection / Sensitivity / Filtering / Invalidation Settings
High Customizability
🚩UNIQUENESS
This indicator stands out with its ability to render up to 3 Fibonacci retracement levels of IFVGs. Fibonacci retracement levels are widely used within trading, and we wanted to implement them for IFVG zones. You can also customize the FVG Filtering method, FVG & IFVG Zone Invalidation, Detection Sensitivity etc. according to your needs to get the best performance from the indicator.
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inverse Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG.
This indicator renders 0.618, 0.5 and 0.382 (can be changed from the settings) Fibonacci retracement levels of the IFVGs, which often act as support and resistances. Check this example :
⚙️SETTINGS
1. General Configuration
FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. This setting also switches the type for IFVG consumption.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
Show Historic Zones -> If this option is on, the indicator will render invalidated IFVG zones as well as current IFVG zones. For a cleaner look at current IFVG zones which are not invalidated yet, you can turn this option off.
2. Fibonacci Retracement Levels
You can enable / disable up to 3 different Fibonnaci Retracement levels at this group of settings. You can also switch their line styles between solid, dashed and dotted as well as changing their colors.
Price Action Toolkit | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Price Action Toolkit indicator! Price Action Toolkit integrates key level strategy , traditional supply-demand analysis , and market structures to help traders in their decisions. Now with features that are available to use in multiple timeframes!
Features of the new Price Action Toolkit indicator :
Volumized Fair Value Gaps (FVGs)
Volumized Order & Breaker Blocks
Identification of Market Structures
Equal Highs & Lows
Buyside & Sellside Liquidity
Premium & Discount Zones
MTF Highs & Lows (Daily, Weekly, Monthly, Pre-Market)
Customizable Settings
📌 HOW DOES IT WORK ?
We believe that the analytical elements that are within this indicator work best when they co-exist with each other on the chart. Trading often requires taking multiple elements into consideration for better accuracy on market analysis. Thus, we combined some of the useful strategies in one indicator for ease of use.
1. Volumized Fair Value Gaps
Fair value gaps often occur when there is an imbalance in the market, and can be spotted with a specific formation on the chart.
The volume when the FVG occurs plays an important role when determining the strength of it, so we've placed two bars on the FVG zone, indicating the high & low volumes of the FVG. The high volume is the total volume of the last two bars on a bullish FVG, while the low volume is - of the FVG. For a bearish FVG, the total volume of the last two bars is the low volume. The indicator can also detect FVGs that exist in other timeframes than the current chart.
2. Volumized Order Blocks
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.
The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenerio, the low volume becomes the last 2 bars' total volume.
3. Volumized Breaker Blocks
Breaker blocks form when an order block fails, or "breaks". It is often associated with market going in the opposite direction of the broken order block, and they can be spotted by following order blocks and finding the point they get broken, ie. price goes below a bullish order block.
The volume of a breaker block is simply the total volume of the bar that the original order block is broken. Often the higher the breaking bar's volume, the stronger the breaker block is.
4. Market Structures
Sometimes specific market structures form and break as the market fills buy & sell orders. Formed Change of Character (CHoCH) and Break of Structure (BOS) often mean that market will change direction, and they can be spotted by inspecting low & high pivot points of the chart.
5. Equal Highs & Lows
Equal Highs & Lows occur when there is a significant amount of difference between a candle's close price and it's high / low value, and it happens again in a specific range. EQH and EQL usually mean there is a resistance that blocks the price from going further up / down.
6. Buyside & Sellside Liquidity
Buyside & Sellside Liquidity zones are where most traders place their take-profits and stop-losses in their long / short positions. They are spotted by using high & low pivot points on the chart.
7. Premium & Discount Zones
The premium zone is a zone that is over the fair value of the asset's price, and the discount zone is the opposite. They are formed by the latest high & low pivot points.
8. MTF Highs / Lows
MTF Highs / Lows are actually pretty self-explanatory, you can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows.
🚩UNIQUENESS
Our new indicator offers a comprehensive toolkit for traders, combining multiple analytical elements with customizable settings to aid in decision-making across different market conditions and timeframes. The volumetric information of both FVGs and Order & Breaker Blocks will be present in your chart to serve you greater detail about them. The indicator also efficiently identifies market structures, liquidity zones and premium & discount zones to give you an insight about the current state of the market. And finally with the use of multiple timeframes , you can easily take a look at the bigger picture. We recommend reading the "How Does It Work" section of the descripton to get a better understanding about how this indicator is unique to others.
⚙️SETTINGS
1. General Configuration
Show Historic Zones -> This will show historic Fair Value Gaps, Order & Breaker Blocks and Sellside & Buyside liquidities which are expired.
2. Fair Value Gaps
Enabled -> Enables / Disables Fair Value Gaps
Volumetric Info -> The volumetric information of the FVG Zones will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
3. Order Blocks
Enabled -> Enables / Disables Order Blocks
Volumetric Info -> The volumetric information of the Order Blocks will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
4. Breaker Blocks
Enabled -> Enables / Disables Breaker Blocks
Volumetric Info -> The volumetric information of the Breaker Blocks will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for Breaker Block Invalidation.
5. Timeframes
You can set and enable / disable up to 3 timeframes. Note that only higher timeframes than the current chart will work.
6. Market Structures
Break Of Structure ( BOS ) -> If the current structure of the market is broken in a bullish or bearish direction, it will be displayed.
Change Of Character ( CHoCH ) -> If the market shifts into another direction, it will be displayed.
Change Of Character+ ( CHoCH+ ) -> This will display stronger Change Of Characters if enabled.
7. Equal Highs & Lows
EQH -> Enables / Disables Equal Highs.
EQL -> Enables / Disables Equal Lows.
ATR Multiplier (0.1 - 1.0) -> Determines the maximum difference between highs / lows to be considered as equal. Lower values will result in more accurate results.
8. Buyside & Sellside Liquidity
Zone Width -> Determines the width of the liquidity zones, 1 = 0.025%, 2 = 0.05%, 3 = 0.1%.
9. Premium & Discount Zones
Enabled -> Enables / Disables Premium & Discount Zones.
10. MTF Highs / Lows
You can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows using this setting. You can also switch their line shapes between solid, dashed and dotted.
