PROTECTED SOURCE SCRIPT
Updated Institutional Footprint Indicator
The Institutional Footprint Indicator is designed to help traders identify institutional activity by tracking large block trades, unusual volume spikes, and buy/sell pressure. It highlights key market moves that are often invisible to the average trader, giving you a significant edge.
🔎 Key Features:
• Block Trade Detection: Plots green square blocks above bars when large institutional trades occur.
• Unusual Volume Alerts: Highlights bright orange shaded areas when volume exceeds a customizable threshold, signaling major institutional interest.
• Buy and Sell Pressure Identification:
• Upward Arrows: Show strong buy pressure when the price moves with increased bullish momentum.
• Downward Arrows: Indicate strong sell pressure, often signaling distribution or short-selling.
• Liquidity Zone Detection: Marks high and low liquidity zones where institutions are likely accumulating or distributing.
🚀 How to Use:
1. Confirm Breakouts or Breakdowns:
• When block trades and unusual volume align with price movement, it often indicates a powerful move driven by institutions.
2. Spot Fakeouts:
• If you see block trades but no follow-through or the price reverses, it may be a market maker trap.
3. Follow Smart Money:
• Track buy or sell pressure to gauge institutional sentiment and enter trades with confidence.
4. Identify Reversal Zones:
• Unusual volume spikes at key levels often signal the start of a major reversal.
⚙️ Customization Options:
• Lookback Period: Adjust the period for volume and block trade detection.
• Block Trade Multiplier: Set the sensitivity for identifying large trades.
• Volume Threshold: Control when unusual volume is highlighted.
• Delta Sensitivity: Fine-tune buy/sell pressure detection.
🔎 Key Features:
• Block Trade Detection: Plots green square blocks above bars when large institutional trades occur.
• Unusual Volume Alerts: Highlights bright orange shaded areas when volume exceeds a customizable threshold, signaling major institutional interest.
• Buy and Sell Pressure Identification:
• Upward Arrows: Show strong buy pressure when the price moves with increased bullish momentum.
• Downward Arrows: Indicate strong sell pressure, often signaling distribution or short-selling.
• Liquidity Zone Detection: Marks high and low liquidity zones where institutions are likely accumulating or distributing.
🚀 How to Use:
1. Confirm Breakouts or Breakdowns:
• When block trades and unusual volume align with price movement, it often indicates a powerful move driven by institutions.
2. Spot Fakeouts:
• If you see block trades but no follow-through or the price reverses, it may be a market maker trap.
3. Follow Smart Money:
• Track buy or sell pressure to gauge institutional sentiment and enter trades with confidence.
4. Identify Reversal Zones:
• Unusual volume spikes at key levels often signal the start of a major reversal.
⚙️ Customization Options:
• Lookback Period: Adjust the period for volume and block trade detection.
• Block Trade Multiplier: Set the sensitivity for identifying large trades.
• Volume Threshold: Control when unusual volume is highlighted.
• Delta Sensitivity: Fine-tune buy/sell pressure detection.
Release Notes
✅ RVOL > 3x Filters for only explosive institutional-sized volume
✅ 90th Percentile Candle Range Ensures candle is a true breakout, not noise
✅ ATR Expansion Filter Confirms volatility regime shift — institutions are active
✅ 🏦 Label Marks the exact institutional print candle
✅ Horizontal Zone Box Visually tracks the high/low of the institutional candle
✅ Zone Persists for 20 Bars Gives you time to trade the retest
✅ Auto-cleaning Deletes the last label/box before plotting a new one (no clutter)
✅ Customizable Opacity Controls zone box visibility for chart cleanliness
Release Notes
✅ Plots a green box for valid institutional demand/supply zones🔁 Monitors live price to detect when price closes below the zone (for longs)
🔴 If the zone fails, the box turns red, and the 🏦 label is replaced with a ❌ failure tag
💣 Optional: You can short the failed zone on retest
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.