MXWLL-Capital-Trading

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.



Release Notes:
--Version 1.01

- Corrected time until session close and time until next session calculations
- Corrected 4hr rolling volume and 1D rolling volume calculations to work on timeframes greater than 4hr and 1D, respectively.
-Added background gradient color that coordinates with current session

Release Notes:
--Version 1.011

Corrected an issue where rolling volume was only calculating in the last bar.
Release Notes:
--Version 2

Fair Value Gaps have been added! Adjustable color, ability to contract when violated, and other options available!

Corrected a toggle issue with Auto Fibs - each fib can now be hidden individually and is color adjustable.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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