OPEN-SOURCE SCRIPT
Updated

Price Action Concepts Open source

**Price Action Concepts™: A Revolutionary All-in-One Indicator Toolkit**

Price Action Concepts™ is an innovative indicator toolkit designed to simplify trading by focusing solely on pure price action. It offers a variety of features such as Order Blocks with volume data, real-time market structure analysis (including BOS, CHoCH, EQH/L), a multi-timeframe dashboard, and Trend Line Liquidity Zones. The toolkit is engineered to give traders an edge by automating price action analysis across any market and timeframe.

### **Key Features**
- **Market Structure Analysis**: Real-time identification of Break of Structure (BOS), Change of Character (CHoCH), and more.
- **Order Blocks**: Detect bullish and bearish Order Blocks with integrated volume data and multiple mitigation methods.
- **Liquidity Zones**: Highlight Trend Line and Chart Pattern Liquidity Zones, helping traders spot potential breakout areas.
- **Imbalance Concepts**: Identify Fair Value Gaps, Balanced Price Range, and other imbalance methods for more precise market entries.
- **Multi-Timeframe Dashboard**: View key market structures and liquidity zones across different timeframes.
- **Advanced Alerts**: Set up custom alerts based on multiple conditions to stay on top of market movements.

### **Why Price Action?**
Many traders prefer price action trading over traditional technical indicators due to the latter's lag and complexity. Price action trading focuses on raw price data, making it a more straightforward approach. This toolkit enhances this method by automating the detection of key price action elements, making it easier for traders to make informed decisions.

### **Practical Usage**
Traders can use this toolkit to develop trade setups by analyzing Order Blocks, market structure, and liquidity zones. The toolkit's real-time updates and customizable settings allow for a more dynamic and accurate trading experience.

### **Conclusion**
Price Action Concepts™ offers a comprehensive solution for traders looking to enhance their price action strategies. While it simplifies the analysis process, it’s important to remember that no tool can guarantee future success, and trading requires continuous learning and adaptation.
Release Notes
Price Action Concepts v2 includes an ability to adjust the Length of market structure + order blocks as well to allow users more customizability. This update also includes the functionality of Breaker Blocks to appear during the mitigation of Order Blocks which also contain volume data themselves. New imbalances have also been added such as volume imbalance & opening gaps which have MTF functionality. This update also includes minor styling changes and removes activity asymmetry + FVG auto threshold settings. To get this update, refresh your TradingView browser or app, then remove the indicator from your chart & add it back again from your invite-only scripts section.
- Added Fibonacci replacements feature
- Added setting to control EQH/EQL label size
- Fixed previous week high/low levels not showing up or being located at the wrong locations on the weekly timeframe
- Fixed previous month high/low levels not showing up or being located at the wrong locations on the monthly timeframe
- New "All" filter step type in the custom alert creator
- Users can now specify the maximum intervals (in bars) allowed between step conditions
- Users can now use the internal volume activity of the most recent order block in the custom alert creator
- Added top/bottom locations of an order block in the new order block "any alert() function call" default message
Changed “Extend Box” setting to “Extend Imbalance”
Changed default imbalances “Extend Imbalance” setting
Changed default imbalances extension logic preventing Inverse FVG’s to get hidden when using 0 for “Extend Imbalance”
Removed market structures scanner
Increased buffer size to reduce `max_bars_back` issues
Fixed pattern detection custom alert conditions not being highlighted on the chart
Release Notes
max_bars_back = fixed
Release Notes
- New invalidation step type
- New supported invalidation behaviors
- Added setting to display swing high/swing low in market structure settings group
- New order block buy volume placeholder for the "Any alert() function call"
- New order block sell volume placeholder for the "Any alert() function call"
- New order block total volume placeholder for the "Any alert() function call"
- Fixed custom alert creator alert message not returning specified placeholders in "any alert() function call message" field
- Changed “Extend Box” setting to “Extend Imbalance”
- Changed default imbalances “Extend Imbalance” setting
- Changed default imbalances extension logic preventing Inverse FVG’s to get hidden when using 0 for “Extend Imbalance”
- Removed market structures scanner
- Increased buffer size to reduce `max_bars_back` issues
- Fixed pattern detection custom alert conditions not being highlighted on the chart
-Added "Entered Any", "Entered Bullish", "Entered Bearish" for imbalances conditions in the --
-custom alert creator.
-Added a simpler setting for showing short-term or long-term equal highs/lows.
-Fixed a bug highlighting "entered"/"within" bearish imbalance being highlighted as a bullish imbalance in the alert message.
Release Notes
bug fix
Release Notes
- Added Fibonacci replacements feature
- Added setting to control EQH/EQL label size
- Fixed previous week high/low levels not showing up or being located at the wrong locations on the weekly timeframe
- Fixed previous month high/low levels not showing up or being located at the wrong locations on the monthly timeframe
- Price Action Concepts Open source V4 includes an ability to adjust the Length of market structure + order blocks as well to allow users more customizability. This update also includes the functionality of Breaker Blocks to appear during the mitigation of Order Blocks which also contain volume data themselves. New imbalances have also been added such as volume imbalance & opening gaps which have MTF functionality. This update also includes minor styling changes and removes activity asymmetry + FVG auto threshold settings. To get this update, refresh your TradingView browser or app, then remove the indicator from your chart & add it back again from your invite-only scripts section
- Fixed wrong Order Blocks prices on certain tickers
- Made Strong/Weak high/low label size able to be controlled by Swing Label size setting in 'General Styling' section

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