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Macro Matrix [Pro+] (DRxICT)Description: Visualize the intricacies of the financial markets with Macro Matrix, a tool meticulously crafted with insights drawn from the teachings of Inner Circle Trader (ICT), and enhanced by ICT_Concepts. A Macro is a short list of orders that the Interbank Price Delivery Algorithm (IPDA) will run to determine which liquidity to seek or which inefficiencies to rebalance. ICT traders are taught to focus on these Time windows to frame the clearest narrative and observe defining market behaviour. Traders can use the Macro Matrix to stay alerted about key market timings and price swings that arise during these times. The Macro Matrix Pro+ brings the power of Macros to new heights thanks to ICT_Concepts’s studies of the market, by taking the price range defined by a Macro Time Window (i.e. 9:50-10:10 AM New York Time), and projecting it above and below the original range creating extensions, similar to DR models. Analysts can use these extensions to measure future price swings as targets, retracement levels, or key reversals. In addition, analysts have the flexibility to choose different extensions over time. Extend projections until the next Macro, for the next 3 Macros, or even for a whole day. By considering and cross-referencing previous Macros, analysts can gain insights into their potential impact on the market and identify key market pivots. When news events occur in specific macros on specific days of the week, these time based ranges can offer unique insights. This is particularly true when we consider the different impacts that various days of the week can have on market trends. By analyzing news events that fall within macro time ranges, analysts can gain a deeper understanding of the ranges that influence future market movements. Key Features: Day of the Week Filtering: refine your macro selection by implementing a day-of-the-week filter. This feature allows you to precisely tailor your chosen macros, enabling you to identify specific time-based opportunities within the week. CME_MINI:ES1! Friday Macros only: Macro Range: choose whether to base your macro range projections on the candle bodies or the wicks, offering you versatile control over your analysis and automate drawings. CME_MINI:NQ1! Body vs. Wick difference: Macro Extension: toggle between different extension methods to identify prior macro levels for future opportunities. Select to extend macro lines at intervals of 3, 6, 9 macros, or 1, 2, 3 days. CME_MINI:NQ1! Different Extension periods: Automatic Macro Coloring: choose to automatically color the macros based on the relationship of the open and the close or choose a single color to identify the macros and projections. Bullish macros will be colored blue and bearish macros will be colored red by default. FOREXCOM:EURUSD Note how coloring helps determine narrative throughout the day: Macro Open, Close, and Range Projections: identify key price levels of algorithmic timings to locate price inefficiencies, liquidity pools of interest, and equilibrium price points of fair value. Easily select these levels, as well as range projections up to 2.5 standard deviations. CME_MINI:NQ1! Levels legend: Alert Systems: customize alerts with flexible intervals preceding macro initiation in the market. Craft personalized alerts to stay informed and prepared for future market movements. Usage Guidance: Add Macro Matrix to your Tradingview chart. Tailor your experience by toggling specific Time-based macros and style your perspective to be aligned with your analytical preference. Observe where and when the market begins its macros, and how projections are utilized to influence macro or micro trends. Leverage this invaluable information with other models and insights to create a stronger narrative for your analysis. These tools are available ONLY on the TradingView platform. Terms and Conditions Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances. By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
Pine Script® indicator
by toodegrees
4
Golden Swap (Zeiierman)█ Overview The Golden Swap indicator, as designed by Zeiierman, focuses on identifying reversal points around the key levels indicated by the indicator. This pattern works by analyzing the relationship between current and past price movements, considering factors like price symmetry, baseline boundaries, and precision pin bar formations. It can offer insights into potential market reversals, allowing for more precise entries and exits. █ How It Works Golden Swap Long In a market with bullish momentum, we expect the price to dip a bit before it continues to rise again. This dip is like a small retreat in an overall march upwards. So, the pattern aims to assess whether the current period's dip is relatively shallow, indicating that the overall bullish momentum remains robust despite temporary price fluctuations. Golden Swap Short In a market with bearish momentum (indicating selling pressure or bearish sentiment), we may still see the price rise a bit before continuing its drop. This temporary rise is like a slight bounce in an overall downward movement. In simpler terms, even when the price bounces up a bit, it's not strong enough to overcome the recent pressure of selling. The sellers are still dominating, and the price will likely continue to drop. █ The signal is reinforced by symmetry, BaselineBound criteria, and a bearish Precision PinBar. ⚪ Symmetry in Price Movements: The pattern uses the Symmetry Precision filter to analyze the symmetry of recent price movements. This helps in determining the likelihood of a reversal. A high degree of symmetry suggests a more reliable reversal signal. ⚪ BaselineBound Criteria: This component involves the BaselineBound Threshold, which acts as a filter to validate the strength of the potential reversal. Bullish and bearish conditions are assessed based on how the current close price compares to a calculated range around the high and low of the previous period. ⚪ Precision PinBar Analysis: The pattern also incorporates the Precision PinBar filter, which evaluates the characteristics of the recent price bars. A Precision PinBar is a candlestick with a small body and a long tail, indicating a potential reversal. ⚪ Display of Key Levels: The indicator can show Open, High, and Low levels for selected timeframes, helping traders identify key price points. █ How to Use The Golden Swap pattern is a valuable confirmation tool, particularly around key levels or session highs and lows. It highlights instances where a previous high or low has been respected, followed by a price reversal—flipping back up in an upward trend (Golden Swap Long) or flipping back down in a downward trend (Golden Swap Short). When this pattern emerges near a key level, it strongly suggests that the price will continue moving in the direction indicated by the current trend. Consider it akin to a minor liquidity hunt above the previous high or below the previous low. The presence of the Golden Swap pattern, especially when aligned with other indicators and filters, enhances its reliability as a signal for the continuation of the prevailing market trend. █ Settings Timeframe Selection: Choose from various timeframes for signal calculation. Filter Adjustments: Fine-tune the Symmetry Precision, BaselineBound Threshold, and Precision PinBar settings to filter signals according to specific criteria. Display Options for Key Levels: Enable or disable the display of key price levels and select timeframes for these levels. █ Related script using the same pattern filtering techniques ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script® indicator
by Zeiierman
14
Time Matrix TableICT stresses time and liquidity levels in his teachings. This table helps to easily locate these key Time-based price levels. You can use these levels to determine your directional bias and to help generate your narrative for where the market is going. This indicator creates a table that gives you the price for the following liquidity levels: PDO - Previous Day Open PDH - Previous Day High PDL - Previous Day Low PDC - Previous Day Close PDEQ - Equilibrium of the previous day's range. (Calculated by math.abs(((pdh-pdl)/2)+pdl)) PWH - Previous Week High PWL - Previous Week Low PDH2 - Two Days Back High PDL2 - Two Days Back Low PDH3 - Three Days Back High PDL3 - Three Days Back Low And gives you the opening price for the following times: Daily Open - 6:00pm open for current session 1:30 AM 3:00 AM 4:00 AM Midnight Open 6:00 AM 7:30 AM 8:30 AM NY Open 10:00 AM 12:00 PM NY PM - 1:30pm 2:00 PM The levels are sorted descending in price in the table, with the background colored based on their relation to price. The prices are also plotted on the chart based on the range you specify in relation to the current price. These lines are also colored based on their relation to price. This indicator does not give you anything but the price at a specific time, you must determine your own bias and narrative based on the levels that are given.
Pine Script® indicator
by Fractaldactyl
9
Donchian Trend SignalsThe Donchian Trend Signals is an indicator developed to help traders identify the current trend direction and potential liquidity grabs. The usage of the indicator is very simple, on the chart you'll see a modified version of the classic and popular Donchian channel, calculated using the closing prices, that changes the color of the average middle line to indicate the direction of the current trend. The indicator also colors the candlestick. Using the option "Complex Mode" will give your indicator additional data by changing the calculation method. These changes make the lines become the average between different lengths of the same Donchian channel formula. Additionally, the indicator plots on the chart some buy or sell signals, displayed as diamonds above or below the candles. The signals are calculated to find potential liquidity grabs using the wicks, the true range of the candles, and the volume compared to his average value.
Pine Script® indicator
by OmegaTools
2
Brutal scalps [Sublime Traders]The "Brutal Scalps" indicator is designed for both novice and expert traders looking to take advantage of short-term price movements. This powerful tool provides a multi-timeframe trend analysis along with dynamic Take Profit (TP) and Stop Loss (SL) levels, enhancing your trading decisions and risk management. Features: Multi-Timeframe Trend Analysis - You get a bird's eye view of the main oscillators on the selected timeframe Last trade panel - Overview of the last trade values: TPs, SL and entry along with a quick stat on the performance over the last 10 trades Baseline - MA based on either volatility or volume . Changes color depending on the angle and the consolidation area threshold that can be modified. ATR(Average True Range) dynamic take profits and stop losses Trend color - Can be enabled to highlight local trend start and end Leverage setting This setting is used to send a leverage amount with your alerts, this can be useful if you send your alerts though webhooks. Signalling type - Classic The original Brutal scalps signal detection mechanism based on order block/ engulfing candle detection only. Conditions in the MTF trend analysis panel must be met. Signalling type - Breakout Prioritizes candle formation that break a given number of candle formation(Eg. Highest high in the last x candles) , combined with the baseline entry condition Signalling type - Trend following Angled more towards longer direction moves. Uses adx combined with the price relationship to the 200MA Key levels zone- Plots the liquidity pockets on the chart Swing detections- uses moving averages that are plotted in regards to the selected number of candles. Candle colors - The yellow candles are bullish engulfing candles, while the purple candles are bearish engulfing candles. These candles are also highlighted because their volume exceeds that of the previous 10 candles. Peak profit - shows a label that displays the highest profit level reached after the signal was triggered , multiplied by the leverage in the input. How to use: Brutal Scalps is like your battle plan, you prepare for facing the markets with tools and insights. 1. Use the Multi TF Trend settings to set up the Trend Table in the top right (default position) panel. This will give you an overview of the oscillators in the selected timeframe. You should always watch a higher timeframe than the one you are using on the chart. Ex.: If you are charting 15m , use the 1hr setting on the trend panel. 2. The baseline is one of the key factors in signal identification, use this wisely. The baseline consolidation threshold is the sensitivity of the line to stagnating candles. If the market is static and no trades come out , it might be because the threshold is set too high. The default of 3 should be a good fit for most setups. Just bare in mind that the higher the threshold the more candles will be considered as a consolidation area. Higher threshold also means better confirmation but also less trades coming in. 3. Signalling types can and should be used in regards to the current market formation. Examples: - If a market is moving in a stairs pattern, a good way to tackle it would be through the breakout signalling type. - When the market is clearly trending, the use of the trend following type is most suited. - If you want an all-rounder setup that is a jack of all trades but master of nothing, then the Classic type would be the most suited. Additionally, if the market is extremely undecided and the above types don't perform that well on their own, the use of Allow Opposite Signal Only can reduce losses by only posting trades that are in the opposite direction, no more consecutive buys or sells. Set the key levels zones to have extra manual confirmation. These zones are based on order blocks and highlight important liquidity areas. While these don't have any direct impact on the signal recognition, they can help to visually validate them.
Pine Script® indicator
by SublimeTraders
5
itradesize /\ Model x RTH Gap I’m happy to announce my model and sharing it with you as an indicator. About the model The model is based on a range from 18:00 until 1:30. If you are keen you probably know that it's something that based on a bit of Daye's Theory. As Daily Q4 is from 18:00 until 0:00 and I've added a 90's Q1 to it as well that's why it ended up at 1:30. It's an accumulation range and where we are looking for some opportunities above or below it when the algo is trying to fake the traders as the high and the low of the range are both important zones for liquidity pools. This model works on almost every pair but I've been mostly focusing on indices, especially on ES, NQ, and EUR/USD. Do not trade before 1:30 AM and do not trade this model after 6:00 AM. So any tradable setup must be valid until 6:00 AM. *All the mentioned times are based on America/NewYork timezone. A simple sell setup ∆ If it takes the high of the model, then look for short opportunities. ∆ The best reliable scenario is when a high is taken while retracing back to an HTF PD Array so it will end up in a failure swing, Judas swing, you name it. ∆ When a high is taken you should wait for a market structure shift then it should give a nice displacement where it should retrace. ∆ The imbalance after the shift can be on every timeframe, based on your trade idea. ∆ If there are more imbalances, your decision on which to go with (as if there is a BPR, Breaker, OB, etc.. - can change the view of an FVG). The same story goes for a buy setup. ∆ The first target is always the EQ of the model's range. ∆ The second target could be liquidity inside the EQ and the other side of the model (optional). ∆ The third target is the other side of the model. ∆ You can always leave a runner there if you eyeing some levels outside the model. Additional information ∆ You can use silver bullet range as an extra confirmation when you looking for the actual displacement. ∆ An RTH range is also added to the indicator (starts drawing at 9:30 when the futures market opens) as it can be used to trade in the NY session and it is a must-have thing when trading indices. ∆ The colors of every label are switched automatically based on your chart's coloring.
Pine Script® indicator
by itradesize
7
Because Wicks Dont Lie" Because Wicks Don't Lie " is a specialized indicator designed to assist traders in identifying and visualizing significant candle wicks on any timeframe. Wicks, often referred to as Liquidity Targets, are areas that almost always get filled by price at some point. They can help map out the trajectory of price movement, acting as a magnet, drawing the price towards them. Recognizing these wicks can provide invaluable insights into potential trading opportunities and market sentiment. We are looking for Candles with LONG Wick and TINY Candle Body! Only those types of Wicks have (according to my experience and backtesting) a 100% chance to get filled in the future. Features: Wick Visualization: The script highlights significant bullish (blue) and bearish (red) wicks that meet specific criteria, helping you quickly spot potential trading opportunities. VWAP Bands for Filtering Extremes: The VWAP bands are incorporated to filter out wicks created at extreme price points. By ensuring that wicks are within a user-defined percentage of the VWAP (Volume Weighted Average Price), traders can avoid targeting extreme wicks that might take a longer time to get filled, thus enhancing the efficacy of strategies that trade towards wicks. Alerts: Traders can set alerts for when a significant bullish or bearish wick is detected, ensuring they never miss potential setups. Usage: Once applied to your chart, the script will automatically scan for significant wicks and display them with blue (bullish) and red (bearish) markers. By adjusting the script settings, users can customize the VWAP band percentage to fine-tune the filtering of extreme wicks. Conclusion: Wicks often contain valuable information about market sentiment, rejection of price levels, and potential future price direction. By acting as liquidity targets, they serve as indications of where the price is likely to move. "Because Wicks Don't Lie" simplifies the process of identifying these crucial candle formations and, with the inclusion of the VWAP bands, ensures that traders can prioritize the most actionable wicks while avoiding extreme outliers. Input Fields: Average Candle Size Multiplier: This parameter allows users to adjust the base size of what the script considers as a significant wick. By multiplying the average size of candles over the last 4998 bars, users can fine-tune the script to detect only wicks of a certain prominence. A higher value will mean that only larger wicks (relative to recent price action) will be considered significant. Wick Ratio (Wick Proportion Threshold): This ratio helps determine the proportion of the wick to the entire candle for it to be considered significant. A higher ratio means that the wick must be a larger part of the total candle size to be marked as significant. It's an essential parameter to differentiate between candles with tiny wicks and those with substantial wicks which might offer trading opportunities.
Pine Script® indicator
by zereng3
1
Rug Pull DetectorOverview Have you ever wondered why tickers have such erratic movements that seemingly come from nowhere? These "rug pull" events happen quite often and can catch even the most seasoned traders off-guard. Unlike most other indicators which rely on historical data to make inferences about future price movements, the Rug Pull Detector (RPD) enables you to take a glimpse into market makers' delta-neutral hedging in real-time. Market makers by nature must be delta-neutral which means that they cannot position themselves to profit from providing liquidity (either long or short). Liquidity provided to the short or long side must end up in a stock purchase or sale to neutralize the trade. Volatile movements in a ticker's price movement most often result directly after a period of extremely low volatility. These volatile movements are very often "rug pulled" which ends up reverting the ticker back to the price at which the event first occurred. RPD shows these events in real-time. This knowledge can be used to help determine the most probable near-future direction a ticker will gravitate towards after a rug pull event occurs. Usage RPD works on any ticker and on any timeframe and can be used as a tool in determining an exit price for a trade. Vertical shading on the chart indicates a warning signal that a rug pull event may be about to kick-off. Once a rug pull event has occurred and is confirmed, a blue label will appear on the chart with a price. A line is then drawn from the bar at which the event occurred and is extended to each subsequent bar until the price is reached once more; thus concluding the event. Furthermore, red or green shading will be present to easily visually identify rug pull events on the chart and whether they are risks to the downside (red) or upside (green). RPD is broken down into 2 main types of events: Active Event - These events are characterized by a red or green shading and a blue price line. Dormant Event - These events do not have shading but are still identifiable via a blue price line. Active events that are superseded by newer events will become dormant. Active events tend to have a higher chance to return to the initial price point and tend to arrive there quicker. Dormant events have a slightly lower chance to return to the initial price point and may take longer to arrive there. Please note: This indicator has no way of telling the exact amount of time that will pass before the ticker returns to the identified price; however, in more cases than not - the ticker will return to that price within a reasonable amount of time relative to the timeframe you are viewing. There is a small chance any single event will never conclude. These are anomalies and do occur on occasion. Using RPD alongside tools such as the RSI, Anchored VWAP, or other trend-based indicators will help determine when the ticker's price might be about to pivot and head back towards the identified price point. Seeing is Believing: SPY 1D downside rug-pull ---------------------------------------------- AAPL 15s downside and upside rug-pulls ---------------------------------------------- AMD 2D downside rug-pull ---------------------------------------------- VIX 1h downside and upside rug-pulls Want to see more? Check out my recent Ideas for more examples of the Rug Pull Detector in action. Disclaimer: Any information in relation to the Rug Pull Detector does not constitute any financial, investment, or trading advice. Trade or invest at your own risk.
Pine Script® indicator
by RocketTraveler
4
[AlbaTherium] Structure Mapping with Demand & Supply Zones Structure Mapping v3.0 with Demand & Supply Zones Introduction: Structure Mapping v3.0 with Demand & Supply Zones marks a significant advancement in the realm of technical analysis and trading tools. This latest version of the indicator is designed to offer traders a comprehensive understanding of market structure and key demand and supply zones based on a refined version of Smart Money Concepts. All the concepts integrated into this method are meticulously defined, empowering users to map the market structure with confidence. With this indicator, there's no need to doubt the accuracy of your markings; it performs this task effectively. There are no hidden 'magic' properties underlying this indicator, ensuring that our users can independently verify each and every feature. It is our unwavering commitment to transparency that distinguishes us and makes us unique in the market. Chapter 1: Understanding Market Structure 1.1 Market Structure Defined: - Market structure forms the bedrock upon which successful trading strategies are constructed. It encompasses the highs, lows, and significant price levels that shape a market's behavior. Structure Mapping v3.0 provides a clear visualization of market structure, enabling traders to identify crucial support and resistance levels. 1.2 The Power of Structural Analysis: - Structural analysis is a pivotal component of this indicator. By recognizing the fundamental elements of market structure, traders can make informed decisions regarding trend direction, potential reversals, and optimal entry and exit points. 1.3 Rules for Structure Mapping: Let's explore some key definitions: - Inside bars: These are candles that exist within the range of a preceding candle. - Pullbacks: In an uptrend, a valid pullback occurs when the low of a previous candle's range (excluding inside bars) is breached, and the price continues to rise. - Inducements (IDM): An inducement is a price level. In an uptrend, it is defined as the low of the latest pullback before the highest high. It is considered a liquidity area, often revisited by the market to access liquidity before continuing its upward movement. - Break of Structure (BoS): In an uptrend, after surpassing an IDM , the highest high becomes a Confirmed structure high, or a Major High . If the price then closes above this Major High, a Bullish Break of Structure (Bullish BoS) is confirmed. Similarly, the lowest point between these movements becomes a Confirmed structure low or Major Low in a downtrend. Change of Character (ChoCh): In an uptrend, if the price falls below a Major Low, it indicates a shift in market bias from Bullish to Bearish, or a Bearish Change of Character. Example of a bullish ChoCh: Chapter 2: Demand & Supply Zones 2.1 Introduction to Demand & Supply Zones: - Demand and Supply zones are critical areas on a price chart where significant buying or selling pressure is expected. This indicator highlights these zones, enabling traders to anticipate potential price reactions. 2.2 Identifying Demand and Supply Zones: A Demand or Supply zone is the first candle of a pullback that leaves a Fair value gap. Classic example of a trade with our indicator: Conclusion: Structure Mapping v3.0 with Demand & Supply Zones is a potent tool for traders seeking to gain an advantage in the financial markets. By focusing on market structure and identifying key demand and supply zones, this indicator equips traders with the knowledge they need to make informed decisions. Whether you're a novice or an experienced trader, this tool can enhance your technical analysis and trading strategies in the dynamic world of trading. This document serves as a comprehensive guide to Structure Mapping v3.0 with Demand & Supply Zones, emphasizing its significance in understanding market dynamics and identifying critical trading zones. Applying these principles in your trading endeavors can lead to improved decision-making and more profitable outcomes.
Pine Script® indicator
by AlbaTherium
15
[AlbaTherium] Structure Mapping & Order Blocks Advanced - Beta An Insight into Structure Mapping and Order Block Identification with Smart Money Concepts Introduction: Structure Mapping & Order Blocks Advanced - Beta serves as a fundamental pillar in the realm of Smart Money Concepts . This indicator adeptly charts the market structure based on a refined version of SMC while identifying Order Blocks. All the concepts embedded in this method are meticulously defined, offering users the ability to chart the market structure with heightened confidence. With this indicator, there is no need for excessive questioning of the accuracy of your markings; it diligently strives to perform this task effectively. There are no hidden 'magic' properties underlying this indicator, ensuring that our users can independently verify each and every feature. It is this commitment to transparency that sets us apart and makes us unique in the market. In this discussion, we delve into the intricacies of Break of Structure , Change of Character , and SMART MONEY TRAP . We also introduce the concepts of Extreme Order Blocks , Decisional Order Blocks , and Smart Money Trap Order Blocks . Chapter 1: Understanding Structure Mapping: Let's begin with some definitions: - Inside bars are candles that lie within the range of a preceding candle. - Pullbacks occur in an uptrend when the low of a preceding candle's range (excluding inside bars) is breached, and the price continues to rise. - Inducements (IDM) are price levels defined as the low of the latest pullback before the most recent high. They often act as liquidity points that the market revisits before continuing its move. - Break of Structure (BoS): In an uptrend, after surpassing an IDM , the most recent high becomes a Confirmed structure high, or a Major High . If the price then closes above this Major High , a Bullish Break of Structure (Bullish BoS) is confirmed. Similarly, the lowest point between these movements becomes a Confirmed structure low or Major Low in a downtrend. - Change of Character (ChoCh): In an uptrend, if the price falls below a Major Low , it indicates a shift in market bias from Bullish to Bearish, or a Bearish Change of Character . Example of a bullish ChoCh : Chapter 2: The Significance of Order Blocks: Order Blocks (OB) play a pivotal role in Smart Money Concepts during entry points. Understanding what they represent and how to identify them is essential. For a Bullish/Bearish Order Block to be confirmed, specific conditions, including price imbalance and breaching the previous candle's high or low, must be met. We will delve into the finer details of identifying and trading Order Blocks, with an emphasis on the fact that price often reacts from Decisional Order Blocks, Extreme Order Blocks , and Smart Money Trap Order Blocks . - An OB is the initial candle range of a pullback that creates a Fair value gap . These are zones where proactive traders enter the market, resulting in significant price changes indicated by Fair value gaps . It is believed that when the price revisits these zones in the future, it tends to bounce back. This property makes Order Blocks excellent potential entry points. Order Blocks are categorized as follows: - Extreme OB : The first and lowest OB between the Major Low and Major High. - Decisional OB : The most recent OB lower than the current IDM. - Smart Money Traps : All OBs between Extreme and Decisional OB. - Demand above IDM / Supply below IDM Chapter 3: Understanding SMART MONEY TRAP (SMT): SMART MONEY TRAP is a concept that brings clarity to the distinction between Structure and Order Blocks within Smart Money Concepts and is a unique feature of this indicator. While many Smart Money Traders base their trades on Structure and Order Blocks, it's crucial to recognize that Order Blocks serve as an additional confirmation for buy or sell decisions. Blindly trading based on Order Blocks is not advisable. Instead, traders should exercise patience and await other confirmations like inducement or Liquidity sweep before executing trades on Order Blocks. We will illustrate how this concept works in practice. In the example above, the market largely disregards all the SMT s and responds favorably to the Extreme OB . This presents a promising trading opportunity, with a stop loss placed below the OB and a take profit set at the fill of the Fair value gap. Conclusion: Structure Mapping & Order Blocks Advanced - Beta embodies the essence of Smart Money Concepts , serving as a powerful tool for traders. This indicator effectively combines the elements of structure mapping and Order Blocks to guide trading decisions. By comprehending the dynamics of Impulsive Moves and Corrections, distinguishing between Bearish and Bullish Order Flow, and mastering the identification and trading of Order Blocks while considering SMART MONEY TRAP, traders can gain a competitive edge in the dynamic landscape of financial markets. This document serves as a comprehensive guide to Structure Mapping & Order Blocks Advanced - Beta, highlighting its significance within the Smart Money Concepts framework. It is essential to apply these concepts judiciously to enhance trading.
Pine Script® indicator
by AlbaTherium
28
TrendLine CrossThis indicator "TrendLine Cross", is designed to plot trend lines so you can spot potential trend reversal points on the charts. The main function is to draw several lines on the chart and identify the crossings between these lines, which can be significant indicators for trading. The lines are based on different periods which can be changed in the settings tabs. Let's see the characteristics of the trend lines: _Low Line Color(Green Line): This line connects the lowest point of low prices in the "low_time" period with the lowest point of low prices in the "high_time" period. Indicates a possible short-term support level on the chart. _Liquidity Up Line Color (Golden Line): This line connects the lowest point of low prices in the "low_time" period with the highest point of low prices in the same period. It represents a liquidity zone and an important resistance in the chart. _Lower Line Color (Blue Line): This horizontal line connects the lowest point of low prices in the "LowerLine_period" with the lowest point of low prices in the "high_time" period. Indicates a possible long-term support level. _Upper Line Colorr: This line represents a connection between the highest points of the "high_time" period and the lowest point of the "LowerLine_period". Indicates a possible long-term resistance level. _Up Line Color (Red Line): This line connects the highest point of high prices in the "high_time" period with the highest point of high prices in the "LowerLine_period". It represents a possible long-term resistance level. _Liquidity Down Line Color(Golden Line): This line connects the highest point of high prices in the "high_time" period with the highest point of low prices in the "low_time" period. It represents a liquidity point and an important support zone. The indicator becomes particularly interesting when the lines make crossings. These crossovers could suggest a potential trend change in the market. For example: Change from Bearish to Bullish: If the "long-term" line (black) crosses the "short- or long-term" line (green or blue) from top to bottom, it could indicate a shift from a bearish to a bullish market , suggesting the opportunity for long positions. _Changing from Bullish to Bearish: If the "long-term" line (blue) crosses the "short-term" line (red or black) from bottom to top, it could indicate a shift from a bullish to a bearish market, suggesting the opportunity for short positions. Generally speaking, crossings between these lines can be key points of interest for traders, as they can signal significant changes in price direction.
Pine Script® indicator
by AleSaira
24
Global Central Banks Balance Sheet USD-AdjustedSumming up central banks balance sheet of: US , China, EU, Japan, UK, Swiss, Australia, Canada, Norway Brazil, Russia, India, Mexico, Indonesia Taiwan, HK, Korea, SG, Thailand Then adjusting it to USD as the common denominator for comparison. Net Foreign Assets (or foreign reserves) + Net Domestic Assets (or domestic credit, usually Money Supply M1) = Total Assets of the Central Bank Balance Sheet In some way, the central bank balance sheet could be M2. However, I find some of the indicators don't add up and I don't have the time to check them out. This indicator is just a proxy. The issue with using central bank balance sheet to determine liquidity in the system is that it doesn't account for 1) collateral used for liquidity management in the public and private system, 2) shadow-banking financial system. As usual, US + EU + Japan publishes their data every weekly and the rest of the central banks publish monthly. I have removed any country with hard-pegged currencies except HK. Additional materials to aid understanding: www.imf.org
Pine Script® indicator
by SirChub
World Class SMC [WinWorld]This indicator uses valid pullbacks in order to draw market structure with strict accordance to TradingHub strategy. Features Our indicator uses a number of price concepts, such as: IDM BoS & ChoCh ( also their sweeps ) Automatic resolving of ChoCh-IDM and IDM-BoS conflicts Orderblocks (IDM, Extreme) True Fair Value Gaps (FVG) True PDH/PDL SCOB pattern One of the core features is the ability to choose a time point, from which the market structure will be drawn. This feature alone allows you to test your most desired hypotheses about the market movements within a few clicks, so no more guesses and "what if"s, because you get the opportunity to test everything yourself and right now. Settings Let's review the settings themselves: Extended Structure: allows you to choose between drawing market structure for a whole timeline or from specific time point only; Build OB by sweeps: allows you to only draw orderblocks from candle, which took liquidity from previous candle by sweep; Structure colours & text: allows you to customise visuals representations of market structure elements on your chart; Structure visuals: allows you to choose which elements of market structure you want / don't want to see on your chart; Show trend: allows you to choose the way market structure trend will be displayed on your chart: divider or background colouring ; Alerts for each and every event , whether it is a new BoS, ChoCh, orderblock and etc. Usage Examples IDM Orderblock ( OB-IDM ) Basic demonstration When price reaches OB-IDM, you will be able to receive an alert. After that, check if the candle, that reached OB-IDM, closed inside or above ( bearish scenario )/ below ( bullish scenario ) OB-IDM's boundaries. If conditions above were met, go on LTF and look for an entry. Extreme Orderblock ( OB-EXT ) Basic demonstration Similar to OB-IDM situation: When price reaches OB-EXT, you will be able to receive an alert. After that, check if the candle, that reached OB-EXT, closed inside or above ( bearish scenario )/ below ( bullish scenario ) OB-EXT's boundaries. If conditions above were met, go on LTF and look for an entry. Sweep PDH/PDL Basic demonstration * PDH — Previous Day High * PDL — Previous Day Low When you received PDH sweep alert and current trend is bearish, go on LTF to find entry point. ( bullish scenario: PDL sweep and current trend is bullish ) Sweep ChoCh Basic demonstration If you get alert of sweeped ChoCh, it usually means that price grabbed the liquidity from extremum points and is ready to continue going with the trend. Go on LTF to find an entry.
Pine Script® indicator
by WinWorldTeam
215
AIOI Lite By TradeINskiAll In One Indicator Lite - AIOI Lite By TradeINski First thing first This indicator is inspired from @DrMansi Trade Template and Derived from AIOI By @TradeINski This indicator is best suited for momentum traders/swing traders people who basically trade on Daily time frame as the primary timeframe. Contents of the Indicator Show Average True Range Line 4 Moving Average Technical Metrics Industry & Sector Gap Up & Gap Down Zone Big Day - Up & Down VWAP Show Average True Range line. Purple horizontal line that you see on the chart is nothing but high of the day - Average true range value over a specified period (ATR) line of the stock. I use it for trailing my stop loss once my position is made. My Interpretation is once the stock is moved in your favor, the %change after that which is more than ATR should come in your desired direction or trade is going against me. Here The average true range (ATR) is a technical analysis indicator introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems that measures market volatility by decomposing the entire range of an asset price for that period. Chart-formations. "J. Welles Wilder, Jr." The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close. Line plotted Logic: high of the day - 20 day ATR. {Input} User have option to Show/Hide the line with "Check Mark" {Style} Users have the option to change color of the line and also thickness respectively. 1. 4 Moving Averages Plots 4 moving averages with different periods and colors. MA#1, MA#2, MA#3 and MA#4 are respective moving averages. I use these moving average lines to determine the trend of the stock, that is 10 and 20 period EMA for short term trend and 50 Ema for medium trend and 200 period EMA for long term trend of a ticker. {Inputs} Users have the option to choose the type of MA that is between SMA & EMA. Also have the option to enter a period as their preference. {Style} Users have the option to Show/Hide Specific MA with the help of “Check Mark”. Color of all MA can be changed individually. Also line thickness and transparency. 2. Technical Metrics MCAP - Market Capitalization Market capitalization of a ticker in dollar terms. I use this Market Cap to define liquidity means bigger the MCAP more liquid the stock is and also know the size of the company. And also bigger the MCAP usually percentage move of swings in this is less compared to mid & small MCAP stocks. {Inputs} Users have the option to Show/Hide the cell from the table with “Check Mark”. ADT - Average Dollar Turnover This also helps me determine liquidity and use this while sizing. For example I want to make a position of 1000$ and stock ADT is 100K $ that means my contribution to stock is 1% of the average dollar turnover. When I am trading, I keep a general rule that my contribution should be less than 0.25% of the average dollar turnover so that getting in and getting out of the stock will not be a problem. Logic: Average volume over a period of time * Price of the stock {Inputs} Users have the option to Show/Hide the cell from the table with “Check Mark”. Users have the option to enter a period. Default is “20” Days. RVOL - Relative Volume This helps in the live market that if RVOL is 10% to 20% or more in the first 30 mins of opening bell then it is interpreted as there is unusual volume activity in this stock, something is cooking. This comes after a lot of observation. When stock moves abruptly it's seen that there will be volume pick in the stock from the start of the day. Therefore Relative percentage volume helps in this way. Logic: Today's volume with respect to average volume over a specified period in percentage is relative volume. {Inputs} Users have the option to Show/Hide the cell from the table with “Check Mark”. Users have the option to enter a period. Default is “20” Days. ADR - Average Daily Range This helps to determine what's the average daily %change over the specified period of time & what %change we can expect from a ticker on a specific day as I am a momentum trader so prefer high ADR stocks. Generally Blue chip stocks have less ADR compared to mid and small cap stocks. Logic: Calculation is based on High and low of the day that is in percentage over a specified period of days. {Inputs} Users have the option to Show/Hide the cell from the table with “Check Mark”. Users have the option to enter a period. Default is “20” Days. SLL - Stop Loss Level This helps me in the live market as per my strategy. I generally keep my stop loss Low of the day so when creating position, I will know what will be the percentage Stop loss and also helps in knowing what is the percentage move from low of the day today. Mind you this does not consider the gap that is yesterday's close for calculation. Logic: Percentage change from low of the day. {Inputs} Users have the option to Show/Hide the cell from the table with “Check Mark”. {Inputs} Common Settings Position - Users can change location as per their preference. Default position is “Top Centre”. Size - Users can change text size as per their preference. Default size is “Auto”. Display - Users have two options Text - Shows Complete cell that is Text plus Value Value - Shows only values in the cell. 3. Industry & Sector Plots Industry and Sector of a ticker on DTF. This helps me to determine from which industry or sector the stock belongs to at a glance. As there are so many stocks listed we can't categorize to which sector and industry it belongs to just by the name of the company. To have an idea in which domain the company operates. {Inputs} “Check Mark” to Show/Hide Industry individually. “Check Mark” to Show/Hide Sector individually. Users have the option to change the color of the text plotted and its transparency. Position - Users can change location as per their preference. Default position is “Bottom Centre”. Size - Users can change text size as per their preference. Default size is “Auto”. 4. Gap Up & Gap Down Zone This helps me visually, if a stock is gaping up or down on a daily time frame and I don't want to know every gap in the stock I want to focus on significant gaps so 1% makes sense let it be up or down. When Gap Up color is green and Gap down color is Red. Logic: Whenever the gap is more than 1% up or down then the background on that specific day is colored lime for gap Up and color fuchsia for gap down down. {Style} GapUp & GapDown Zone Users can Show/Hide this feature using “Check Mark”. Users have the option to change background color and its transparency individually mind you Color 0 is for GapUp and Color 1 is for GapDown. 5. Big Day - Up & Down This helps me determine unusual activity of a stock that is Why ADR - Average Daily Range and Volume of a stock is considered. If a stock moves 2 times the ADR which is not usual and also if we see significant change in volume then I believe stock is saying something let it be Upward or downward. For visually appealing for unusual up move the body of the color is lime and for unusual downward move color is fuchsia. Logic: On a given specific day if volume is two times the average 20 day period volume and percentage change of the specific day is two times the average daily range percentage that is ADR then those days are considered to be Big Up Day and for Big Down Day vise versa. {Style} Big Day - Up & Down Users can Show/Hide this feature using “Check Mark”. Users have the option to change color of the body and its transparency individually mind you Color 0 is for Big Up Day and Color 1 is for Big Down Day. 6. VWAP Plots default VWAP in house indicator only in a lower time frame that is less than DTF. This helps me after making a position in the stock that is 15 Min. TF. Basic idea is that stock should stay above Vwap after entry. As Vwap considers volumes in calculation, in the Lower timeframe we will know if the stock is holding up and moving in desired direction. {Style} Users have Option to Show/Hide as per their preference. Users change the color, thickness and transparency of the line. Note: This indicator will never give direct buy sell signals and never should be used in isolation.
Pine Script® indicator
by TradeINski
46
ICT True Day Range [MK]The indicator displays the following: Vertical line day separator from 00:00 to 00:00 EST High/Low lines for the days true range from 00:00 to EOD Opening line from 00:00 EST to EOD Opening line from 08:30 EST to EOD Weekly Opening line from Sunday open at 18:00 EST to last bar in the week Monday range high/low/mid line, which can be extended to EOW Text displaying Days of the Week All functions can be fully customized regarding color/style and line width. Below shows image of indicator with day separator: (it didn't show on the main chart despite being enabled?) All of the above are to be used to give the user all the tools necessary to analyze the following concepts which can be studied on ICTs you tube channel: Weekly profile, eg, has the weekly manipulated below the weekly open to then rise the rest of the week? Daily profile, eg, has the day manipulated below the daily open (00:00 EST) to then rise the rest of the day? Daily liquidity grab, eg has the current day taken PDH/PDL at the start of the current day? Daily targets, eg will the current day end up taking liquidity from the PDH/PDL? Monday range, will Mondays high/low range act as the accumulation phase of the weekly AMD profile? Tuesday/Wednesday/Thursday/Friday reversal, eg, does a day of the week line up with a HTF target and a high volatility news event which could see price reverse after the manipulation phase of the weekly AMD profile? In strong trending markets, will the 0830 open line be used in the NY session as manipulation reference in the same manner as the 00:00 line is normally used? The above examples of how the indicator 'could' be used are not the only ways to use the indicator. The indicator is by no means a trading strategy on its own. Users should be fully aware of ICT concepts and have performed extensive back-testing before using the indicator with live accounts.
Pine Script® indicator
by malk1903
18