OptiRange | Fractalyst
What’s the purpose of this indicator?
This indicator is designed to integrate probabilities with liquidity levels, while also providing a mechanical method for identifying market structure by using Fractals by Williams.
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How does this indicator identify market structure?
This script identifies breaks of market structure by analyzing candle closures above or below swing levels.
As soon as a candle has closed above or below the initial swing on your charts, the script validates that there is at least one swing preceding the break before confirming it as a structural break.
Once a break is occured then it assigns a numeric ID to the break starting from 1 and draws two extremities: one as liquidity and the other as invalidation (LIQ/INV).
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What do the extremities show us on the charts?
you'll see two clear extremities on your charts:
1. The first extremity represents the structural liquidity level. (LIQ)
2. The other extremity indicates the level that, if price breaks through it, results in a structural shift to the opposite side. (INV)
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How does it calculate probabilities?
Each break of market structure, denoted as X, is assigned a unique ID, starting from X1 for the first break, X2 for the second, and so on.
The probabilities are calculated based on breaks holding, meaning price closing through the liquidity level, rather than invalidation. This probability is then divided by the total count of similar numeric breaks.
For example, if 75 out of 100 bullish X1s become X2, then the probability of X1 becoming X2 on your charts will be displayed as 80% in the following format: ⬆ 75%
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What are the Fractal blocks?
Fractal blocks refer to the most extreme swing candle within the latest break. They can serve as significant levels for price rejection and may guide movements toward the next break, often in confluence with probability analysis for added confirmation.
If the price retraces back to a bullish fractal block, we aim to look for buy/long positions. Conversely, if the price retraces back to a bearish fractal block, we aim to look for sell/short positions.
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What are mitigations?
Mitigations refer to specific price action occurrences identified by the script:
1- When the price reaches the most recent fractal block and confirms a swing candle, the script automatically draws a line from the swing to the fractal block bar and labels it with a checkmark.
1- If the price wicks through the invalidation level and then retraces back to the fractal block while forming a swing candle, the script labels this as a double mitigation on the chart.
This level will serve as the next potential invalidation level if a break occurs in the same direction.
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What does the bottom table display?
The bottom table presents numeric breaks across multiple timeframes, with the text color indicating the trend direction. Enabling traders to assess the higher timeframes market trend without needing to switch between timeframes manually.
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How to use the indicator?
1. Add "OptiRange | Fractalyst" to your TradingView chart.
2. Choose the pair you want to analyze or trade.
3. Start with the 12-month timeframe.
4. Use the table bias with the maximal settings to find the lowest timeframe that’s showing you the mitigation (✓)
5. Confirm that the probability of the current liquidity is higher than 50%.
6. Place your limit order at the Fibonacci level of 0.618 of the mitigation candle.
7. Set your stop-loss at the mitigation level.
8. Determine your take profit based on the liquidity of the current timeframe, or if possible, the liquidity of a higher timeframe in the same direction; otherwise, use the liquidity of the current timeframe.
9. Risk adjustment and Trade management based on your personal preferences.
Example:
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User-input settings and customizations
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What makes this indicator original?
- This script leverages Fractals, a fundamental concept in many trading methodologies.
- For a break to be considered valid, price must have at least two swings:
a swing high followed by a swing low for bullish breaks and a swing low follow by a swing high for bearish breaks.
- This means that each swing point is confirmed by the formation of two candles on its left and two candles on its right, totaling 5 candles for each swing high and swing low, thus requiring 10 candles overall. (This strict rule ensures a thorough assessment of market structure before confirming a break.)
- The script assigns a unique numerical ID to each break of structure, starting from 1.
This numbering system enables the script to calculate the probability of the most recent break becoming the next break, while also factoring in the trend direction.
- Additionally, this script provides insights into higher timeframes' break IDs in the bottom/top centre table, keeping traders informed about the overall higher timeframe picture.
- By integrating these methodologies, the script introduces a unique and systematic method for identifying market structure, thereby enhancing its originality in guiding trading decisions.
Terms and Conditions | Disclaimer
Our charting tools are provided for informational and educational purposes only and should not be construed as financial, investment, or trading advice. They are not intended to forecast market movements or offer specific recommendations. Users should understand that past performance does not guarantee future results and should not base financial decisions solely on historical data. By utilizing our charting tools, the buyer acknowledges that neither the seller nor the creator assumes responsibility for decisions made using the information provided. The buyer assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses. Therefore, by purchasing these charting tools, the customer acknowledges that neither the seller nor the creator is liable for any unfavorable outcomes resulting from the development, sale, or use of the products.
The buyer is responsible for canceling their subscription if they no longer wish to continue at the full retail price. Our policy does not include reimbursement, refunds, or chargebacks once the Terms and Conditions are accepted before purchase.
This indicator is designed to integrate probabilities with liquidity levels, while also providing a mechanical method for identifying market structure by using Fractals by Williams.
How does this indicator identify market structure?
This script identifies breaks of market structure by analyzing candle closures above or below swing levels.
As soon as a candle has closed above or below the initial swing on your charts, the script validates that there is at least one swing preceding the break before confirming it as a structural break.
Once a break is occured then it assigns a numeric ID to the break starting from 1 and draws two extremities: one as liquidity and the other as invalidation (LIQ/INV).
What do the extremities show us on the charts?
you'll see two clear extremities on your charts:
1. The first extremity represents the structural liquidity level. (LIQ)
2. The other extremity indicates the level that, if price breaks through it, results in a structural shift to the opposite side. (INV)
How does it calculate probabilities?
Each break of market structure, denoted as X, is assigned a unique ID, starting from X1 for the first break, X2 for the second, and so on.
The probabilities are calculated based on breaks holding, meaning price closing through the liquidity level, rather than invalidation. This probability is then divided by the total count of similar numeric breaks.
For example, if 75 out of 100 bullish X1s become X2, then the probability of X1 becoming X2 on your charts will be displayed as 80% in the following format: ⬆ 75%
What are the Fractal blocks?
Fractal blocks refer to the most extreme swing candle within the latest break. They can serve as significant levels for price rejection and may guide movements toward the next break, often in confluence with probability analysis for added confirmation.
If the price retraces back to a bullish fractal block, we aim to look for buy/long positions. Conversely, if the price retraces back to a bearish fractal block, we aim to look for sell/short positions.
What are mitigations?
Mitigations refer to specific price action occurrences identified by the script:
1- When the price reaches the most recent fractal block and confirms a swing candle, the script automatically draws a line from the swing to the fractal block bar and labels it with a checkmark.
1- If the price wicks through the invalidation level and then retraces back to the fractal block while forming a swing candle, the script labels this as a double mitigation on the chart.
This level will serve as the next potential invalidation level if a break occurs in the same direction.
What does the bottom table display?
The bottom table presents numeric breaks across multiple timeframes, with the text color indicating the trend direction. Enabling traders to assess the higher timeframes market trend without needing to switch between timeframes manually.
How to use the indicator?
1. Add "OptiRange | Fractalyst" to your TradingView chart.
2. Choose the pair you want to analyze or trade.
3. Start with the 12-month timeframe.
4. Use the table bias with the maximal settings to find the lowest timeframe that’s showing you the mitigation (✓)
5. Confirm that the probability of the current liquidity is higher than 50%.
6. Place your limit order at the Fibonacci level of 0.618 of the mitigation candle.
7. Set your stop-loss at the mitigation level.
8. Determine your take profit based on the liquidity of the current timeframe, or if possible, the liquidity of a higher timeframe in the same direction; otherwise, use the liquidity of the current timeframe.
9. Risk adjustment and Trade management based on your personal preferences.
Example:
User-input settings and customizations
What makes this indicator original?
- This script leverages Fractals, a fundamental concept in many trading methodologies.
- For a break to be considered valid, price must have at least two swings:
a swing high followed by a swing low for bullish breaks and a swing low follow by a swing high for bearish breaks.
- This means that each swing point is confirmed by the formation of two candles on its left and two candles on its right, totaling 5 candles for each swing high and swing low, thus requiring 10 candles overall. (This strict rule ensures a thorough assessment of market structure before confirming a break.)
- The script assigns a unique numerical ID to each break of structure, starting from 1.
This numbering system enables the script to calculate the probability of the most recent break becoming the next break, while also factoring in the trend direction.
- Additionally, this script provides insights into higher timeframes' break IDs in the bottom/top centre table, keeping traders informed about the overall higher timeframe picture.
- By integrating these methodologies, the script introduces a unique and systematic method for identifying market structure, thereby enhancing its originality in guiding trading decisions.
Terms and Conditions | Disclaimer
Our charting tools are provided for informational and educational purposes only and should not be construed as financial, investment, or trading advice. They are not intended to forecast market movements or offer specific recommendations. Users should understand that past performance does not guarantee future results and should not base financial decisions solely on historical data. By utilizing our charting tools, the buyer acknowledges that neither the seller nor the creator assumes responsibility for decisions made using the information provided. The buyer assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses. Therefore, by purchasing these charting tools, the customer acknowledges that neither the seller nor the creator is liable for any unfavorable outcomes resulting from the development, sale, or use of the products.
The buyer is responsible for canceling their subscription if they no longer wish to continue at the full retail price. Our policy does not include reimbursement, refunds, or chargebacks once the Terms and Conditions are accepted before purchase.
- By continuing to use our charting tools, the user acknowledges and accepts the Terms and Conditions outlined in this legal disclaimer.
Release Notes:
- Decreased loading time by utilizing Pine Profiler.
- Added Minimal and Maximal options to Blocks, allowing customization within fractal blocks.
- Added Minimal and Maximal options to the bias table, allowing customization of the group of timeframes and their mitigations.
- Bug fixes.
- Added Minimal and Maximal options to Blocks, allowing customization within fractal blocks.
- Added Minimal and Maximal options to the bias table, allowing customization of the group of timeframes and their mitigations.
- Bug fixes.
Release Notes:
- Improved code logic for faster range and block calculation, enhancing performance and responsiveness.
- Fixed a known issue where the liquidity line was being drawn too far to the left, resulting in incorrect visual representation.
- Fixed a known issue where the liquidity line was being drawn too far to the left, resulting in incorrect visual representation.
Release Notes:
- Optimized script for faster calculations.
Release Notes:
- Optimized code to minimize calculations and improve performance.
Release Notes:
- Added an option to switch between displaying break count/probabilities or BOS labels.
This enhancement allows for a cleaner chart view and improved customization to suit different trading strategies and preferences.
- Enhanced the overall performance and efficiency of the indicator by optimizing the underlying code logic.
This results in faster execution and more reliable outputs.
This enhancement allows for a cleaner chart view and improved customization to suit different trading strategies and preferences.
- Enhanced the overall performance and efficiency of the indicator by optimizing the underlying code logic.
This results in faster execution and more reliable outputs.
Release Notes:
- Optimized Range Minimal Mode:
Previous break of structure lines and labels are now faded gray to improve clarity.
Previous break of structure lines and labels are now faded gray to improve clarity.
Release Notes:
- Expanded the max available lines and labels on charts to 500
- Improved performance and efficiency of Minimal Range Mode.
- Improved performance and efficiency of Minimal Range Mode.
Release Notes:
Added a screener functionality:
- Provides instant market context and bias.
- Guides trading decisions based on a comprehensive, top-down analysis of multiple timeframes.
- Alerts users to suitable trading opportunities and advises when to avoid trading due to market conditions like low liquidity or overextension.
- Provides instant market context and bias.
- Guides trading decisions based on a comprehensive, top-down analysis of multiple timeframes.
- Alerts users to suitable trading opportunities and advises when to avoid trading due to market conditions like low liquidity or overextension.
Release Notes:
Improved Screener Accuracy:
Offers clearer guidance on which timeframe to use for entry or when to stay away.
- Specifies the exact hourly timeframe(s) to use for your entries.
- Instructs when to wait for the market structure to shift towards the higher timeframe (HTF) liquidity level before considering any entry.
- Added hourly timeframes to the bias table for more detailed analysis.
Offers clearer guidance on which timeframe to use for entry or when to stay away.
- Specifies the exact hourly timeframe(s) to use for your entries.
- Instructs when to wait for the market structure to shift towards the higher timeframe (HTF) liquidity level before considering any entry.
- Added hourly timeframes to the bias table for more detailed analysis.
Release Notes:
- Added Buyside and Sellside liquidity labels for instant determination of range liquidity and invalidation price.
Release Notes:
Improved Table Logic:
- Added two new options for top-down market analysis:
⧉: Analyzes market structure and fractal blocks from a top-down perspective.
%: Analyzes market structure and orderflow (probabilities) from a top-down perspective.
Enhanced Screener Logic:
- Depending on your selected table type, the indicator now provides guidance on the exact timeframes and levels to use for entries.
- Added two new options for top-down market analysis:
⧉: Analyzes market structure and fractal blocks from a top-down perspective.
%: Analyzes market structure and orderflow (probabilities) from a top-down perspective.
Enhanced Screener Logic:
- Depending on your selected table type, the indicator now provides guidance on the exact timeframes and levels to use for entries.
Release Notes:
New Feature:
- Added HTF functionality to display higher timeframe liquidity levels using lines and labels on your charts. Now, you can see HTF liquidity levels without switching between timeframes.
Improvement
- Enhanced screener accuracy for better trade identification and performance based on multi-timeframe probabilities.
- Added HTF functionality to display higher timeframe liquidity levels using lines and labels on your charts. Now, you can see HTF liquidity levels without switching between timeframes.
Improvement
- Enhanced screener accuracy for better trade identification and performance based on multi-timeframe probabilities.
Release Notes:
Improved Higher Timeframe Calculation Efficiency: Optimized the security function for calculating higher timeframe data to enhance performance and accuracy.
Added Range Box: Implemented a range box feature allowing users to visualize the current range and equilibrium for entry using the probability (%) method.
Hourly Timeframes Added: Converted minute-based labels to hourly timeframes for better readability and user convenience.
New Alerts: Introduced alerts for Equilibrium and Buyside/Sellside level for entry notifications.
Added Range Box: Implemented a range box feature allowing users to visualize the current range and equilibrium for entry using the probability (%) method.
Hourly Timeframes Added: Converted minute-based labels to hourly timeframes for better readability and user convenience.
New Alerts: Introduced alerts for Equilibrium and Buyside/Sellside level for entry notifications.
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